Full text of Commercial and Financial Chronicle : March 1, 1902, Vol. 74, No. 1914

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Quotation -Supplement (Moni%)
Investors Supplement

Street Railway-Supplement 6 ™ ^ $ ’
State and City Supplement

[Entered according t o Aot of C ongress, In the year 1902, by the W illiam

VOL. 74.

b.

D ana Com pany , ' o r,ne otaoe o f the Librarian o f C on gress.]

SATURDAY. MARCH 1, 1902.

NO. 1914.
W eek ending F ebru ary 22.

3Pte ©Iirormdje.

Clearingt a t —

PUBLISHED WEEKLY. .

1902.

1901.

1902.

900.
$
98,628.080
5,062,100
2,315 084
1,670.518
1 018,802
1,084 374
792,888
874,863
459,177
300,429
273,949
112,989,815

$
128.933,530
5,801.500
2 424,045
1,805.628
1 091,459
1 507,598
1,287,465
1,888,868
781,138
401.124
270,000
140 801,725

116,290,300
13 030,050
6 785,011
8,849 217
0,160.081
4,615.500
2 379,807
1 014,998
1,551 eoe
1 085,585
967,05e
961,608
235,600
209. UC
313,201
309,700
388,800
274,285
858,917
200,563
131,728
200,000
177,070

105 996,504
11.140,680
0,442,816
8,050.829
4.553,778
3,855 600
2,078,089
1,670,910
1.554.409
842,433
642 886
529,455
288,164
384 908
829.704
280,000
288,878
254,073
284.540
187.896
110,000

1899.

Boston.............
Providence...........
Hartford................
New Haven............
Springfield..............
Worcester.............
Portland................
Vail River..............
Lowell........... .
New Bedford.........
Holyoke.................
Total New Eng...

$
100.881,002
4 950 000
2,063,135
1,470,109
1,333,147
1,806,311
1,000,262
1,089.070
528.054
800,273
240,691
180,692,064

$
108 887.288
6,660,500
1.802.744
1,165,021
1.124,220
1,256 455
978,619
656,021
490,780
874,689
283,856
182,573,651

P. Cent.
-2 - 3
—11*0
-14-6
-20'3
-18-fl
-8 -9
+12-0
+68-0
+T-7
-8 * 8
- 1 6 '2
-1 -5

Chicago..................
Cincinnati..............
Detroit............ .
Cleveland..............
Milwaukee.......
Columbus.... ........
London Agents:
Indianapolis...........
Peoria....................
Messrs. Edwards * Smith, 1 Drapers’ Gardens, E. C., will take sub­ Toledo...........
........
scriptions and advertisements, and supply single copies of the paper Grand Rapids.........
at Is. eaoh.
Dayton .................
Evansville.............
W IL L IA M B . D A N A C O M P A N Y , P u b lish e rs,
Youngstown..........
Pine Street, Corner of Pearl Street,
Springfield, IU.......
Lexington.............
POST OPFIOE B ox 958.
NEW YO RK .
Akron....................
Kalamazoo..........
Rockford...............
Springfield, Ohio...
CLEARING HOUSE RETURNS.
Canton ...................
J acks onvllle, 111....
The following table, made up by telegraph, etc., indicates
utncy...................
loomington..........
that the total bank clearings of all the clearing houses of Jaokson
.................
the United States for the week ending to-day, March 1, Ann Arbor.............
Mansfield....... ..
have been $2,380,235,359, against $1,779,362,564 last week and
Tot. Mid. West’n.

139.476,046
19,474,750
7.666,760
11,285.022
5.898,021
5 923.700
4 040,181
8,900 000
8,896,891
1,153.814
1.239,720
880,272
593,109
510,000
386.997
541,600
428,880
811.146
247,089
427,410
139,595
329,154
384,289
120,000
81 415
192,780
206.847,747

116,650.171
17,473,750
7,000 716
10,228.430
6,420,078
4 989 400
2,784 476
2,290,110
1,881,715
1,085,856
1,111,826
810.050
S98 607
450,000
432 519
556,400
872,024
872,875
882.780
280.100
131,051
203,531
820,326
100,000
57,716
110,000
175,788,429

+100
+11-6
+9-5
+ 9-7
+ 8 '8
+18-7
+45-1
+27-0
+27-3
+11-4
+18-4
+1-7
+490
+13-3
-10-5
-2 - 5
+151
+14-3
-35-3
+00-5
+ 6-0
-t-58‘ 1
+ 2 ’4
+20-0
+6-4
+75-2
+17-7

06,000
166,757,768

149.820,636

14,217,030
1.978,041
1,714,506
1,783,944
1 489,117
1,047,084
714,489
477,517
849,709
109,983
23.857,609

18 086.450
2 045 077
1,288,881
1,427,449
886,340
963,338
601,858
531,687
180,070
107,464
31 018.013

10.714.868
7,800,462
4,928,487
8 440,765
3,621,724
8,204 341
1,183,484
567,020
927,834
590 679
471,412
104,220

9,327,890
0.515,000
5,326.918
8.436,670
2.502 289
1,995 073
1,052 351
£66,779
807,919
651.083
442.474
117,092

42 741 512

82 691,034

Terms of Subscription—Payable in Advance:
For One Year
..m ...m
....••••$10 00
For Six Months............ .................... ........... ................. .
6 00
European Subscription (Including p o s t a g e ) ..................... 13 00
European Subscription Six Months (including postage).......... 7 60
Annual Subscription in London (lnolndlng postage)................*2 14 s.
BlxMos.
do.
do.
do.
. . . . . . . . . . . 41 l l s .
Above subscription inoludes—
The Quotation Supplement
i street B ail w a y Supplement
The I nvestors’ Supplement
|State and City Supplement

Terms ol Advertising—(Per Inch Space.)

Transient matter................. $4 20 Three Months (13 times)..$29 00
Six Months
(26 “ ).. 50 00
standing business c a r d s .
Two Months
(8 times).. 22 00 Twelve Months (52 “ ).. 87 00

§

$2,133,287,903 the corresponding week last year.
Clearings—R etu rn s by Telearaph.
W eek Finding M arch 1.

New York...........................................
Boston................................................
Philadelphia......... .............................
Baltimore...........................................
Chicago...............................................
St. Louis.............................................
New Orleans......................................
Seven oitles, 6 days......................
Other cities, 6 days.............................
Total all oltlei, 6 days...................
All oitles, 1 day..................................
Total all oitles for week..............

1902.

1901.

P . Cent

$1,264,711,999
114,951,215
97,313,637
16,542,835
151,283,845
42 453,35L
*13,000,000

$1,114,285,849
104,814,674
95,316,872
19,601,812
126,216,091
32 063.415
12,591,383

+13-5
+97
+2-1
-1 5 -6
+•22 3
+82 4
+3-2

$1,703 269,882
250.986,491

$1,504,890,696
220,017,411

+11-9
+148

$1,954,256,373
425,978,986

$1,724,908,107
408.379,796

+13 3
+ 4-3

$3,330,235,359

$2,133,287,903

+11-6

* P a rtly e stim a ted .

The full details for the week covered by the above will be
given next Saturday.
W e cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday
night.
W e present below our usual detailed figures for the pre­
vious week, covering the returns for the period ending with
Saturday noon, Feb. 22, and the results for the correspond­
ing week in 1901, 1900 and 1899 are also given. Contrasted
with the week of 1900 the total for the whole country shows
a loss of 2*5 per cent. Outside of New York the increase
over 1901 is 9 9 per cent.
W eek ending F ebruary 22.
Cleari/ngs a t—

New York...........

Philadelphia.......

Pittsburg........... .
Baltimore...........
Buffalo...............
Washington........
Albany..............
Rochester...........
Syracuse............
Scranton.............
Wilmington........
Binghamton,.......
Cheater................

Greensburg ........

Wheeling, W. Va...

Wilkes Barre......
Total Middle....

1902.

1901.

1902.

1900.

1899,

P . Cent.
$
<
t
%
1,118.558,874 1,230,760,794
-3 -1
878,186,581 1,173,281.495
80,636,518
+6 6
81.167 809
70,948,211
88,456.448
84 902.411
81,845.921
-8 - 9
24,218 086
87,398 694
22,086,862
18 99 L,398
+160
15,080 068
37,077 738
5 930,078
6,610.189
+5*7
4,027 238
8,992,901
3,740,878
+16-4
2 877,908
2,103 234
1 996 118
2,210,704
2,338,907
-4 -0
2,161,319
2,000,000
1,812,203
1,738.108
+4 3
1689 404
1.047,293
1,017.708
852,018
+19-8
820,942
921 239
1,820,278
1.005,321
+3V 3
1,035,885
925,603
842,005
774 807
+8-8
919,848
807.185
848,800
504 700
-8 0 9
278 300
814 7C0
292 049
270.389
+2-8
293,076
200,000
288,604
839,701
-1 0 -6
260,000
170,000
691 077
612.684
+15-4
789,002 N ot lnolnde d in to t al.
1,270,338,798 1.882,178 860
- 7 7 1,002.688.926 1,349 401,628

San Francisco.......
Salt Lake City.......
Portland.............. .
Los Angeles..........
Seattle...................
Spokane.................
Tacoma..................
Helena..................
Fargo.....................
Sioux Falls.............
Total Paclflo.......

20,014 033
2,748,114
2.373,846
3,601 049
2 659,329
1,297,158
866,784
486.105
879,676
233,365
84,584,459

16 606 097
1.072,086
1,727,081
2,379,594
1,972.649
717,021
881,005
549,019
581,231
162,953
27.604,008

+20-6
+39-1
+ 8 7 '6
+ 4 9 '7
+ 2 9 '8
+80*8
+4-1
-11-7
-32-0
+43*5
+26-8

Kansas City...........
Minneapolis...........
Omaha..................
St. Paul.................
Denver.......... .......
St. Joseph..............
Des Moines....... .
Davenport-...........
Sioux City..............
Topeka..................
Wichita....... ........
Fremont.................
Colorado Springs...
Tot. other West..

15,988,468
9.645,828
5,827.248
4,408 713
3 270.970
3,020.350
1 660,106
747,402
1,424,489
1,402,129
681,985
108,012
050,000
40.802,216

18,207.886
7,520,070
5,283 575
3,661,303
8,818,030
8.693,959
1,800,127
040,710
1,074,886
1,287,066
409,382
143,272
1.266 700
43,312 828

+20-7
+26-9
+10-3
+20-4
-14-2
+0-8
+10-4
+15-6
+38-0
+8-9
+10-5
-26-7
-24-9
+14-0

......

35,157,621
+ 2 5 '9
44,260 047
26,048,250
20,898 324
St. Louis................
+14-5
11,868,687
10,358 281
11,542.440
8 593.201
New Orleans..........
-18-8
6
910.170
8
015
118
0,848,617
7,415,188
Louisville..............
+28-2
2,818,000
8,478,000
8,152 000
2,521,800
Galveston..............
+87-6
8,990.544
6,500,000
4,180,124
2,408,448
Houston.................
-38-0
2,408218
8,885,425
6,307,148
2.187,465
Savannah..............
+11-7
3,031.803
8.389.886
8,100,000
8.024 897
Richmond..............
+0*8
2 957,388
2,087.779
8 028 470
1,952 603
Memphis................
+11*6
8,168,916
1.972,878
1.004,840
1,861,872
Atlanta..................
+3-5
1,845 284
1,299.845
1,119 017
1,021,281
Nashville...............
-2 9
1,821,808
1.360.987
1,238,670
988.400
Norfolk..................
-18'8
1,022,761
1,186,017
1,086,008
549 829
Augusta.................
+42-0
636.733
440,224
010 222
566,824
Kndxvllle.............
1,012.925
+8-7
982,299
761,529
761,580
Fort Worth...........
+44-4
1,165,0O0
800,000
700,000
685 684
Birmingham..........
717,000
+1-4
707,000
557 000
523,000
Maoon....................
830,530
+20-0
694,721
512 816
272 650
Little Rock............
621,586
627,149
—1-5
820017
277 907
Chattanooga..........
271.207
+
2
4
4
830
170
270,974
214 380
Jacksonville...........
440,262
N o t In clude d In to t al.
Beaumont..............
91,565,205
+13-3
80,783,488
78 840 410
02,187,847
Total Southern...
-2 -5 1,410 796,489 1,750,090,28a
Total all.............. 1,779 300,664 1,882.076,507
+90
588,009 858 682 858,787
Outside N. York.. 660.801,090 001,815,718
CANADA—
13 258 880
+42-0
18 912 586
Montreal................
13 029,880
17.727311
10,007 3)9
+24-5
12,408 708
9,560 042
Toronto.................
10,285 789
2,410 440
1,028 004
1,783 543
1,465,819
Winnipeg..............
H-48'2
1 850 042
1,629,257
1,800,000
Halifax..................
H-21-6
1,014,001
858,231
708 101
-20-5
700,000
Hamilton...............
023 401
737,607
+8-4
713,941
St. John.................
578 804
577 171
460,856
4 80,362
-4 -1
Vlotorla.................
648 905
BOO 215
757,208
708,763
+0-0
Vanoouver.............
578,804
685,079
Quebec..................
1,482,048 N ot Include d In t o t al.
1,009,520 N o t Inolude d tn t o t al.
Ottawa...................
Total Canada......
38 468,208
20 037 107
32,729,800
+82-5
88,019.008

IIII'J IJII
THE FINANCIAL SITUATION.
Affairs in Wall Street have continued in some rneas
ure to be held in restraint by the prospective litiga­
tion about to be undertaken by the Attorney General
against the Northern Securities Company.
The
very considerable Bales of stock by Europe on this
market have given expression to the threatening, we
had almost said revolutionary, character of the inter*
pretation the authorities at Washington seem to have
put by that proceeding upon the Anti-Trust Law. It
appears to strike at property rights, and to encourage
a popular prejudice against the rich, against cor­
porations, and especially against railroads.
Is it
to be understood that Congress has the power and
has used it in that statute to restrict, discriminate
against and interfere with stock purchases and Bales
by individuals, even when they are wholly legitimate
and without a shadow of fraud ? So far as the
company to be proceeded against is concerned, every
one knows that no trust was intended, and that no
contract, combination or conspiracy was entered into
by the parties forming it; that the only thing, if any­
thing, it will do, or will aid in doing, affecting railroad
rates is that it will help, so far as it can, the InterState Commerce Commission to execute the provision
of the Inter-State Law which makes the taking of re­
bates and the secret cutting of rates unlawful. We
have written on a subsequent page with reference to
some of the legal aspects of the proposed action.
There appears to be doubt at Albany about the
passage by the Legislature of the mortgage tax law.
We should be sorry if that bill was defeated. As we
look at the matter, a question of morality is involved
in the measure; and hence we favor its passage
very decidedly. The public is familiar with the facts
as they now exist. Mortgages would, if they could
be found, be taxed at the fall city rate— 3ay 2£
per cent. Not one in a hundred, perhaps we might
say not one in a thousand, is assessed; -as a rule only
the widow and children are caught. Ought not a tax
that works so unsuccessfully be discarded ? It is un­
just to keep it in force towards those who pay it; and
it is an influence in favor of untrue dealing with those
who do not pay it. We should prefer as a matter of
principle to have all taxes on mortgages removed. But as
that at present is not possible, why should not every
one who favors that principle vote for thiB bill and so
free the tax from injustice and relieve the community
from the temptation of concealing holdings; for the
temptation to conceal is strong, where an injustice is
done to the conscientious man who does not conceal
his holdings. Moreover, we believe that the passage of
the bill would increase the capital seeking mortgage
investment and so tend to lower the rate of interest.
The foreign exchange market has continued to grow
firmer and higher; that was also its course last week.
Wednesday the result of the advance was shown in
the withdrawal from the Assay Office and shipment
by La Champagne to Paris of $3,500,000 gold. This
transaction helped to develop a degree of weakness on
the Stock Exchange the last half of that day, the
movement of stocks the previous two days having
been quiet, with little change in prices except of spec­
ialties. Taken as a whole Wall Street operations dur­
ing the week have continued to wear a waitiug aspect,
due in part to facts related in a previous

JH H LIl.

[T ol .

LXXIV.

paragraph and in part to a Jaok of telegraphio facilities, all telegraph and telephone
communication having been interrupted in the Mid­
dle States more generally perhaps than ever before
and hardly as yet fully restored. In the city this
stoppage of wire communication was exaggerated by
the difficulties in getting about town caused by last
week’s snow storm, followed as it was by rain and sleet
and ankle-deep slush. All through the North and West
the snow and latterly floods have greatly impeded
railroad movements, particularly interfering with
the carriage of freight, and so especially with the
iron trade, which has been needing supplies con­
stantly and promptly. To-day we learn by telegraph
that what is reported as a “ hurricane,” lias become so
severe that no wire south of Washington except one
to New Orleans is open and none west of Cleveland.
In view of the bad weather experienced all through
the past month, the fact that returns of railroad gross
earnings for the weeks of February are making less
favorable comparisons—in a number of instances
showing losses— can occasion no surprise. The latest
full week for which figures are coming to hand is the
third week of February, and for this period only 39
out of a little over 50 roads have yet submitted re­
turns. These 39 do not in the aggregate show a de­
crease, but rather a small increase ($199,584 or 2 91
per cent), though it Is possible that the final
result may show a balance on the other side of
the account when the tabulation is complete. Sixteen
of the separate roads record losses, and doubtless the
number will be added to when the remaining returns
are received. It is quite likely that some of the de­
creases may be attributable to last year’s crop short­
age— the grain movement nearly everywhere having
been unusually light of late. The remark might ap­
ply particularly in the case of the roads in the South­
west. But examination of the compilations will show
that the decreases are widely distributed— that they
come from geographical divisions even where the
grain movement plays little or no part in the traffic of
the roads.
In this section of the country the Buffalo Rochester
& Pittsburg records a decrease; out in Colorado the
Denver & Rio Grande is distinguished in the same
way. In the South the Central of Georgia and the
Southern Railway have both sustained losses. In the
Middle West the Big Four, the Peoria & Eastern, the
Evansville & Terre Haute, the Toledo Peoria & West­
ern and the Toledo St. Louis & Western have fallen
behind. In the Northwest the Iowa Central and the
Minneapolis & St. Louis have achieved a similar dis­
tinction, while in the Southwest the Missouri Pacific,
the St. Louis Southwestern and the Texas & Pacific
fall in the same category. Thus some common
cause must have been at work and this cause
is found in the unfavorable weather prevailing.
A like explanation applies in the case of the
preceding weeks of the month. For the second
week of February our compilation given to-day
shows an increase, but it is only small, namely
2 69 per cent, while for the first week of February
there was actually a small decrease— 2*19 per cent.
Bearing in mind the experience of the past ten days,
it seems likely that the showing for the fourth
quarter of the month will be poorest of all. February
was ushered in by a snow storm extending over wide
areas, and from that time to the present the weather

M arch

1, 1902.]

THE CHRONICLE.

has been almost continuously bad—snow, rain and
sleet alternating. There can be no doubt that the
exhibits as to net earnings for the month will be
still less satisfactory, for snow, sleet and ioe added
materially to the expense accounts of the roads. But
these unfavorable comparisons when received (it will
be thirty days yet before any figures of net for Febru­
ary will be available) will possess no significance
beyond reflecting the period of bad weather through
which we are now passing. Last year, on the other
hand,the weather conditions were extremely propitious.
From beginning to end of the month there was then
scarcely a disturbing feature anywhere, the weather
continuing mild with no interruptions of consequence
from snow or ice. The contrast between two such
extremes will naturally operate strongly to the disad­
vantage of this year’s results.
The United States Assistant Treasurer at New York
has been authorized by the Department at Washing­
ton to receive on deposit $20,000,000 gold for the pur­
pose of telegraphic transfer to San Francisco. The
object of the transfer when it shall be made appears
to be to facilitate the negotiations by a syndicate, of
which Brown Bros. & Co. of this city is the head,
for the consolidation of the trolley lines of San Fran­
cisco. It is unlikely that the deposit of gold above
noted will be made immediately, and inasmuch as the
operations of the syndicate will be conducted so as to
cause as little derangement to the local money
market as possible, it is probable that some other
mode of meeting the requirements of the syndicate
may eventually be adopted.
There was no change in the official rates of dis­
count by any of the European banks this week and
unofficial or open market rates of discount were easy
at the Continental centres and inclined to be firm in
London. One feature of the week was the unprece­
dentedly high record of £100,154,076 gold holdings
by the Bank of France.
Exports of gold to Europe this week were $3,513,823.
The payments at the New York Sub-Treasury for
unmatured bonds during the week were small,
amounting to $103,203 73, making a total of
$5,924,025 80 since the beginning of the year. The
receipts for internal revenue appear to be falling off
in view of the expectation of an early repeal of the
war taxes and as expenditures by the Government are
moderately large, the surplus revenues, as indicated
by Sub-Treasury operations, have shown only a slight
increase.
Money on call, representing bankers’ balances, has
loaned at the Stock Exchange during the week at 2\
per cent and at 2 per cent, averaging about 2£ per
cent. On Monday and on Tuesday loans were made
at 2 i per cent and at 2 per cent, with the bulk of the
business at 2| per cent. On Wednesday, on Thurs­
day and on Friday transactions were at 2| per
cent and at 2 per cent, with the majority at
2£ per cent. Banks and trust companies have
loaned at 2% per cent as the minimum. Time
contracts for short periods were in only fair demand,
but there was a good inquiry for the longer dates, and
some business was done at 3 f per cent on firstclass security for five to six months. Kates on good
mixed collateral are 34 @ 4 per cent for thirty to ninety
days, 4@4| per cent for four months and 4@44 per
cent for five to six months. There is very little de­

449

mand by local banks for oommeroial paper and many
of these institutions have a good inquiry from their
Southwestern correspondents for re-discountB, which
keeps them out of the market as buyers. One feature
of the week has been largo purchases of paper by New
York banks for Chicago institutions, who are thus
employing their balances in this city. The supply of
paper is only moderate, and one reason assigned is
that collections are good and therefore merchants
have little necessity for borrowing money. Rates are
4 per cent for sixty to ninety day endorsed bills re­
ceivable, 4@44 per cent for prime and 5@54 per cent
for good four to six months’ single names.
The Bank of England minimum rate of discount re­
mains unchanged at 3 per cent. The cable reports dis­
counts of sixty to ninety-day bank bills in London 2f
per cent. The open market rate at Paris is 2 f per
cent, and at Berlin and Frankfort it is I f per cent.
According to our special cable from London the Bank of
England gained £342,489 bullion during the week and
held £37,852,283 at the close of the week. Our corre­
spondent further advises that the gain was due to the
import of £22,000 from Australia and to receipts of
£320,000 net from the interior of Great Britain.
The foreign exchange market has been generally
firm this week and moderately active, though within
a narrow range of quotations, and the business has
been chiefly in short sterling and in francs. There
was a good demand for remittance, especially early in
the week, for stocks sold in this market for London
account; this was supplemented later by a demand
for the re-payment of foreign loans; taken together
the result was exports of $3,513,823 02 gold, particulars
concerning which are given below. The supply of
commercial bills against cotton, grain and provis­
ions is very small, and the few drafts which
have come forward have commanded full prices.
On Tuesday there were indications that gold would
be shipped to Paris by Thursday’s steamer, but no
engagements were made on that day, the reason as­
signed being that exchange at Paris on London was
then too high to justify exports. On Wednesday ster­
ling at Paris on the British capital fell from
25f. 16c. to 25f. 154c., and it was then an­
nounced that $2,450,000 gold would be shipped by
the French steamer sailing for Havre on Thursday.
On the following day there was a further fall in ex­
change at Paris to 25f. 144c. which induced ship ­
pers to increase their engagements. The National
City Bank forwarded $1,504,006 88, Lazard Freres
$1,001,404 07, and Heidelbach, Ickelheimer & Co. $1,008,412 07, making $3,513,823 02 as above. After the
early engagements on Wednesday sight sterling yielded
fractionally because of the offerings of bills drawn
against the prospective shipments of gold, but it sub­
sequently recovered and it was firm on the following
day, though then there were offerings of additional
bills against the increased amounts of gold exported.
It is understood that the sterling exchange drawn
against the shipment will be met when presented at
London with the proceeds of French exchange on the
British capital which has been bought, through the
cable, for that purpose. The Assay Office paid $927,898 92 for domestic bullion. Gold received at the
Custom House during the week $63,996.
Nominal rates for exchange are 4 854@4 86 for
sixty day and 4 88@4 884 for sight. Rates for actual

THE CHRONICLE

450

business opened on Monday at an advance of oneeighth of a cent for long and for short compared with
those at the close of last week, to 4 86$@4 85$ for the
former and to 4 87f @ 4 87$ for the latter, while cables
were one-quarter of a cent higher at A88$@4 88f.
The market was firm, and it so continued on the fol­
lowing day, though there was a slightly easier tone in
rates for short. On Wednesday quotations remained
unchanged at the close, notwithstanding recessions in
the morning due to offerings of sight bills against gold
exports, and there was no alteration in rates on Thurs­
day, the tone continuing firm thereafter to the close
of the week. The following shows daily posted rates
for exchange by some of the leading drawers.
D A IL Y P O S T S ® B A T E S F O B F O B E IG K E X C H A N G E .

FBI.. Most., Tubs., WlD., T hub ., FBI..
Feb 21. Feb. 24. Feb. 25. Feb. 20. Feb. 27. Feb. 28
80
86
80
*86 ~"&S
j 00 dayi T itT
Brown B roi...,. 1Sight.... 4 88*4
88*4
88*4
88*4
88*4
88*4
80
86
60
80
j
m
day*.
4
85*4
80
Baring,
88*4
88*4
88*4
88*4
88*4
Hag 01m it Oo.. \Sight.,.. *88
80
80
86
80
80
<00day*. 4 88
Bank British
88*4 88*4
88*4
88*4
88*4
No. Ameriee,.. 1Sight,... 4 88*4
85*4
65*4
j 80 day*. 4 85*4
Bank ol
86*4
88
88
1*
8
8
Montreal,....... 1Sight.... 4 88
i*
85*4
86*4
Canadian Bank <00day a. 4 86)4
66*4
88
It*
88
88
of Commerce.. 1Sight... 4 88
§8“
Haidelbach, lok- <00 days. 4 86
80
80
80
80
80
elhatmef it Co. 5Sight.... *88*4
88*4
88*4
88*4
88*4
88*4
J
90
days.
4
80
60
8
6
60
80
8
6
LaxardFrerea... \Sight,... 4 88*4
88*4
88*4
88*4
88*4
88*4
Merehanta’ Bk. j 00 day*. 4 86*4
86*4
86*4
86*4
85*4
ol Canada...., 1Sight.... 4 88
88
88
88
88
88

The market closed at 4 85$@4 85$ for long, 4 87f @
Commercial on banks 4 84|@4 85 and documents for pay­
ment 4 84$^4 85$. Cotton for payment 4 84$@4 84$,
cotton for acceptance 4 84f@ 4 85 and grain for
payment 4 85$©4 85$.

4 87$ for short and 4 88$@4 88| for cables.

The following gives the week's movements of money
to and from the interior by the New York banks.
Week Ending February 28.1808.

Beeeived by Shipped by
N. T. Banks. N. T. Banks.

Net Interior
Movement.
Gain $l,C34,Ox
Gain., 100,00c

O m ren oy...................................
Gold................................

$0,151,000
924,000

$5;117.000
824,000

Total gold and legal tendera......

$7,076,000

$5,941,000 Gain. $1,131,000

With the Sub-Treasury operations and gold exports
the result is as follows.
mu

Week Ending February 28 1902.

Banks.

Out Of
Banks.

Net Change m.
Bank Holdin»

$7,076 000
17,300,000

$5,941,000 Gain. $1,134,000
19,700.000 Loss. 2,400,000

Total gold and legal tenders..,.. *24,876,000

*25,641,000 Loss. $1,200,000

Banks interior movement, aa above
Snb-Treasnry oper. and gold exports

The following table indicates the amount of bullior
In the principal European banks.
February 27.1902,

February 28,1901.

Bank e1
Gold.

Silver.

Total.

Qold.

Silver.

Total,

£
£
£
£
£
£
luglasd
87,852,283
87,852,288 35,858,945 .......... 35,858,945
France...,,.. 100,154.076 44,178,275 144,830,351 95,272,848 43,769,745 189,042,593
German?*.... 39,463,000 14,698,000 64,045,000 30,054,000 14,637,000 44,091,000
BoMia....... 71,094,000 7,108,000 78,197,000 73,682,000 0,092,000 80.874,000
Ana.-Hnng’jt 40,240,000 11,992,000 68,238,000 38,765,000 10,445,000 49,210,000
Spain........... 14,047,000 17,503,000 31,010,000 14,001,000 10,495,000 80,490,000
Italy....... ... 15,919,000 2,182,400 18,041,400 15,417,000 1,804,200 17,281,200
Netherlands,. 6,731,000 0,531,200 12,262,800 5,043,000 5,741,300 10,784,300
Kat 8elg’m.» 8,138,607 1,688,338 4,705,000 2,983,000 1,480,000 4,890,000
Tot.this week 333,627,020 105048206 439,275,884 311,020,703 101110246 412,137,038
Tot. prev. w’k 331,984,572 104919976 436,904,548 310,860,232 101898602 411,753,834
* The division (between gold and silver) given in our table ol coin
and bullion in the Bank o l Germany and the Bank ol Belgium is made
from the best estimate we are able to ob ta in ; in neither ease is U
claimed to be aoenrate, as those banks make no distinction in their
weekly retnm s, merely reporting the total gold and sUver, but we
believe the division we make is a olose approximation.
+ The Austro-Hungarian Bank Statement is now issued In Kronen and Hecer instead ol Gulden and Kreutser. The reduction ol the former currency to
sterling £ was hy considering the Gulden to have the value ol 60 cents. Ai
the Krone has really no greater value than 20 oents, our cable correspondent in
Loudon, in order to reduce Kronen to £, has altered the basis of conversion by
dividing the amount ol Kronen by 24 instead ol 80.

[V ol. LXXIV.

THE A N T I TR UST L A W VS. THE N O R T H E R N
SE C U R IT IE S C OM PAN Y.
The decision of the United States Supreme Court
in the case of the State of Minnesota against the
Northern Securities Company was handed down this
week, the Court denying the application of the State
to file a bill of complaint. Wo have not seen the
opin'on in full, but it has generally been accepted as
having no beariDg on the proposed action by the
President through his Attorney-General against the
same company under the Sherman Anti-Trust Act.
Very likely that conclusion is correct. So far as we
have read the opinion, the Court based the judgment
it reached upon the finding that the proper parties
to the case were not before the Court. Among the
parties not represented it cited the minority stock­
holders; it further held that if they were made par­
ties the Supreme Court in such action would not have
jurisdiction, and hence the application was denied.
If that is all of the case— that is, if what we have
cited is the substance of the opinion— the decision
does not appear to us to have a very wide scope.
But whether or not the denial of the application of
the State of Minnesota has any bearing upon the pro­
posed proceeding by the Attorney General, the Court
will have in this proposal a very different state of
facts to meet from any that it has hitherto had before
it under the Anti-Trust Law or under any other law.
The Northern Securities Company ranks as sui generis.
In truth no one can be certain that he knows its
precise character even to-day. For instance it has
all along been assumed that it held a majority of
the stock of the two railroads named. Recently
it has been asserted, by one who ought to
know, that the Securities Company holds a ma­
jority of the stock of but one of those rail­
roads. If that be true, how can the Securities
Company be said in any way to represent the two
properties? Outside of that organization in the case
of the Great Northern would be a majority of the
stockholders and outside of it in the case of the
Northern Pacific would be a minority of the stock­
holders. There could consequently be no semblance
of a combination between the roads. The essential,
the primary factor to be proved, would be non-existent5
and consequently the case, so far as the Securities
Company is concerned, would be a dead failure. Nor
do we see any way of remedying or supplying this
basic defect. It would be of no advantage to make
the officers and directors of the roads parties; they
have had no share in the arrangement. Nor could the
case be strengthened by including the individuals who
were prominent in organizing the Securities Company.
The proceeding which had been begun with a flourish
of trumpets would end ingloriously in a non-suit.
Suppose, however, it should turn out that the
Securities Company holds a majority of the stock of
both of the railroad companies named— would this
situation establish a contract, combination or con­
spiracy “ in restraint of trade and commerce ? " With­
out assuming to discuss that question thoroughly, there
is a feature peculiar to the make-up of this arrangement
which appears to interdict any such construction. A c­
cording to Section 6 of the Anti-Trust Law the infer­
ence is that there must always be “ property" * *
“ in the course of transportation from one State to
another" with relation to which the contract to be
illegal operates in restraint of trade and commerce. In­

March 1, 1902.]

THE CHRONICLE.

deed, Is not that the feature that renders the Anti-Trust
Law constitutional and without which it would not be
valid ? In the case of the bill about to be filed the
petition must charge a contract through the Securi­
ties Company which restrains inter-State oommerce.
Yet as we understand the character of the Northern
Securities Company, it is merely the holder of the
stock of the railroads concerned. There is no agree­
ment or combination to raise railroad rates or to do
anything with regard to rates. Surely the mere fact
that one company owns a majority of the stock of two
competitive roads, whether the holder is a security
company or a life insurance company, cannot of itself
constitute restraint on inter-State trade or be so con­
strued. The subject attacked will be certificates of
stock and not “ property” * * “ in the course of
transportation from one State to another.”
To reach and prove the crime of combination or
conspiracy it would consequently seem necessary that
some overt act should be established or conspiracy
brought to light the clear intention of j which is to do
what is made illegal.
Nothing of chat kind we
believe can be charged to the Securities Company.
Up to this time it has taken no step except to become
the mere holder of certain stocks. Perhaps if left
unchallenged, it would aid in carrying out the community-of-interest idea which is to help the InterState Commerce Commission to fulfill its duties and to
help stop the payment of rebates and the secret cutting
of rates. Nobody will be able to see any crime in that,
or any restraint on inter-State commerce; it is rather
an effort for which Congress and the President should
thank the investors for their aid and assistance in en­
forcing a provision of the Inter-State Commerce Act
which has been so long and constantly evaded and not
enforced, and that too although it is the most import­
ant part of thfc law.
We have written quite recently on other phases of
the legal questions involved which will be raised in
this promised litigation. It is not needful to review
them to-day. We will only add that we are extremely
sorry the Government should have put itself in this
false position. It is prosecuting men whose acts and
works have made them prominent the world over as
having accomplished most marvelous results for the
commerce and industrial development of the United
States at home and abroad. They are men, too, that
have given to our railroads the prosperity which they
are to-day enjoying—which is the chief source of our
present progress—and are enjoying with lower aver­
age rates of freight than have ever ruled before. More­
over, the very idea which has given birth to the
Northern Securities Company is a working basis which
conserves the best interests of the farmer, of the dis
tributing merchant, of the railroad and the investor;
and any one who is willing to study its character and
application cannot fail to reach that conclusion.
Why is it, then, antagonized in the West? Simply
because the farmer always feels that lower rates
for the carriage of his products are desirable—
never mind how low they are now— and he easily be­
lieves what his neighbors tell him will contribute to
that end. Such being the situation, politicians of
both parties vie with one another in trying to make
the farmer believe his own party and self are helping
him most. It is just like the old battle about a silver
currency. Error will prevail for a time. But the
man who seeks permanent reputation cannot dally
with error.

451

FRINGE H E N R Y 78 VISIT.
The London “ Times” takes perhaps the most intelli­
gent view of this country’s welcome to Prince Henry
of Prussia in its remark last Monday that nothing
less was to be expected from a people whose hospital­
ity to strangers, even less distinguished than the
present guest, is proverbial. We presume the “ Times”
had In mind the distinction with which such visitors
as Lord Coleridge and Sir Charles Russell have been
received in recent years. This view of the matter is
worthy of consideration, because it shows the mis­
takenness of the notion expressed in some quarters
that the popular ovation of the present week has been
merely a tribute to royalty. The outburst of Con­
gressman Wheeler, to the effect that “ we have made
ourselves the laughing stock of every court in Europe
because of our fiunkeyism,” would"have been a service­
able play to the galleries if there had been a shadow
of fact behind the allegation. But there was not, and
the laughter was reserved for the censor.
It would of course be incorrect to say that the
royal birth of the visitor had nothing to do with his
reception. It manifestly had a good deal to do with
the strictly official oelebrations; for in these the
Prince stood as the personal representative of a friendly
Government, We may be very sure that President
Jefferson or President Jackson would not have fallen
short of the courtesies tendered by President Roose­
velt if a similar guest had landed here in 1804 or
1884. Each of these typical democratic statesmen
entertained and expressed abundant aversion for
the system of placing a family permanently at
the head of government; but both were aware
that a foreign nation had a right to choose for itself*
and that, having chosen, we were bound as a friendly
State to accept in the rank awarded to them,
the individuals selected. All this Is a very elementarymatter of diplomatic good form. Nor are we by any
means sure that the mere fact of the visitor’s relation­
ship to European royalty did not have much to do
with the interest of the people at large. This interest
arose from a perfectly natural and perfectly proper
curiosity. Austere republican moralists may bring
unshakable argument to show that the brother of a
private citizen ought to interest the man in the street
as much as the brother of an Emperor. But when all
the argument Is heard, everyone knows that it proves
nothing.
We suppose that ^popular interest has largely con ­
verged on the question how a royal visitor would con­
duct himself in republican America. The answering
of this unspoken question during the incidents of the
present week has really been the matter of most re­
mark. We do not in the least exaggerate the facts
when we say that the Prince’s good-natured readiness
to meet the public, his willing submission to a
very exacting programme of dinners and pres­
entations, his choice of an open carriage even
in a rain-storm because he was assured that people
were curious to see him, his unpretentious responses
to public addresses, with an occasional gleam o f
humor, have’ really done more than even the fact o f
so unusual a visit to accomplish such purposes as hie
mission may actually have had. The Prince, in short*
has extended the hand of cordial good-fellowship t©
the American public, and they have responded in
kind. To appreciate how much this has had to d o
with the success of his undertaking, it is only neces-

452

1HK CHKONICLE

saiy to Imagine the same trip taken by a haughty aud
secluded representative of Enropean royalty. We
auspeot the Amerioan public would very soon have
wearied of such a visitor.
It is this reality of the impression made by the Ger­
man Prince on the people of Amerioa that gives spec­
ial point to the question whether anything more
permanent and more important has been accomplished.
If this question means whether the attitude of this
country on any existing international problem has
been altered or reversed by the Prince's visit, the
answer will, of course, be No. Bat we are far from
imagining that the German Emperor cherished any
such notion as this, and it is certain that the visitor
has made no such intimation. Very little claim in
the way of diplomatic or political achievement has
been asserted in any quarter, home or foreign. It is
rather striking that whereas the announcement of the
Prince’s visit was followed by European conjectures as
to political purposes, and by a series of something like
political counter-moves in other capitals, the successful
completion of the tour has been followed by sudden dis­
appearance of such inferences. This change, no doubt,
is partly a consequence of Prince Henry’s absolute
good taste in his pnblio speeches, all of which have
restricted themselves to mere expression of hope that
international friendliness may continue. If any one
in Europe seriously imagined that the Prince was
bringing the draft of a treaty in his pocket, that per­
son must by this time have been disabused. There
has been no allusion by the Prince or by the Ameri­
can speakers to the various questions of dispute, such
as the tariff and bounty controversies, between the
United States and Germany. Not a word has been
said in any official quarter even of so plain a matter
as the guaranty of an “ open d oor" in the Orient.
The rank and position of the visitor have caused
these subjects to be avoided, as they probably would
not have been in a visit of a simple German states­
man.
On the.other hand, the observant diplomatic world
is well aware how great a part is played in these days
by public sentiment or prejudice. When the public
good-will is gained very much has been accomplished.
If there did exist a feeling of soreness and rancor over
the attitude of the German Admiral at Manila; if the
efforts, in some quarters of the press, to stir up sus­
picion and anger over Germany’ s moves in South
America had evoked any popular response—then, we
think, the Prince’s visit has had a distinct effect in
restoring amity, and we certainly rejoice that it should
have done so. It is the j udgment of an Austrian
newspaper close to its Government that the import­
ance of the whole episode “ lies in the fact that it has
broken down the thin wall which busy hands had
erected to separate the two countries.” This we be­
lieve to be a correct atatemsnt of the case.
What has been accomplished by the friendly visit
of the Prince is more than could have been accom­
plished by the most vehement protestations of a
Minister, in precisely the degree that a personal ten­
der of good-will is more convincing than all the
formal proclamations in the world to the same effect.
It is our hope that the good results of the Prince’s
visit in this respect may be the harbinger of similar
tenders of good-will from all other nations from
whom we may seem at any time to be estranged. But
the bearer of Germany’s professions of good-will has
had the advantage of being first on the field.

[V ol. LXXIV.

THE DEL A WARE d HUDSON REPORT.
The Delaware & Hudson annual report is issued
this time in new and greatly enlarged form. The act
is an entirely voluntary one, brought about without
outside pressure, and all the more to be commended
on that account. We are sure no one will deny that
the change is a decided improvement and marks a
great step forward. The character of these annual
documents has been greatly altered within recent
years in the case of all the anthracite properties, and
we are glad to see that the Delaware & Hudson man­
agement have not allowed themselves to be outdone
in that regard by any of their competitors.
Only a few years ago it was the fashion among the
anthracite companies to limit the information in the
annual returns to a very few brief facts. The annual
report of the Lackawanna was contained in a single
page circular, the report of the Central of New Jersey
was but little more comprehensive, while the Lehigh
Valley for a long time did not 6ven deem it worth
while to incorporate a balance sheet in its yearly pre­
sentation of accounts. Alongside of such meagre and
imperfect exhibits the old Delaware & Hudson report,
while by no means elaborate, was quite satisfactory.
But now that most of these other companies have
adopted the practice of getting out very compre­
hensive reports, the Delaware & Hadson report, if
continued in the old form, would have been inferior
to the rest. The change made brings that company
again fully abreast with the others. The new report,
indeed, contains some features not embodied in the
reports of any of the other companies.
The experience in the present instance affords a
signal illustration, too, that elaborate reports, when
well devised, are an advantage from the standpoint of
the managers as well as from that of the security
holders.
Many excellences of management which
would have been hidden in the old form of report are
revealed with great clearness and distinctness in the
new. There are also sentimental considerations which
cannot be entirely ignored. An old-fashioned form
of report gives an impression of a lack of progressive­
ness not alone in the accounting department, but in
the administration and operation of the property, and
such impression it is hard to get rid of, even when
there is no foundation for it. The present Delaware
& Hudson report, issued folio size and printed in
large, clear type, and containing veritable mines of
facts and figures, presents a notable contrast with the
small pamphlet report hitherto given out. This con­
trast, however, is no more striking or noteworthy than
is the change in methods and the advance in efficiency
which have been effected during the last few years.
Daring the period of depression in the anthracite
trade it was not possible to devote much income to
betterments, so improvements had to wait. Latterly,
however, with earnings steadily rising the manage­
ment have been spending with a liberal hand and the
effects are already visible. As a matter of faot, really
noteworthy results have been obtained in operating
economy, and it is evident that great advance has
been made in other directions.
The report contains a great mass of tables from
which a trustworthy idea can be got of the condition
of the property and its earning oapaolty. Two of
these tables in particular deserve mention, namely
the “ Comparative Analytical Income Aooount ” and
the “ Analytical Balanoe Sheet.’’ These two tables

March 1, 1902.]

THE CHRONICLE.

are supplementary to the Condensed Income Account
and the Condensed Balance Sheet, which are given
the same as in other reports. The Analytical Balance
Sheet, by a unique arrangement,"shows all the changes
in every one of the items of the balance sheet, and
deserves to be widely copied. It enables.one with
very little study to get a complete insight into what
has been going on, and to observe the methods being
employed in the management of the property.
The year under review was of course a prosperous
one in the anthracite trade, and in addition there was
the further advantage arising from the general activ
ity of all industrial interests. The advance in wages
granted the ipiners after the strike the previous year
added about 13 cents a ton to the cost of mining coal.
On the other hand, the output of coal was much the
largest in the history of the anthracite trade. Fur
thermore, owing to the urgent demand for coal which
prevailed throughout the year, and the stript way in
which circular prices were maintained, the company
was able to sell its product at materially higher fig­
ures. We have on a previous occasion estimated that
the average of anthracite selling prices for 1901 must
have been 30@40 cents a ton higher than for 1900.
The company transported altogether 7,571,298 tons
of anthracite over its various lines, against 6,228,710
tons the previous year, and the output of its own
mines was 5,055,392 tons, against 4,017,139 tons in
1900. As a result the profit from the coal-mining
operations in 1901 was $1,407,307, against only
$122,062 in 1900. The railroad operations also show
greatly improved results. Altogether the net income
above fixed charges was $4,604,076 for 1901, against
$3,187,392 for 1900. On this basis, as we pointed out
in commenting on the preliminary figures,?over 13 per
cent was earned for the stock.
But the man­
agement have followed the policy of charging
off $1,233,369 for depreciation and for im­
provements, $500,000 being for railroad equipment,
$100,000 for marine equipment, $300,000 for min
ing plant (breakers, washeries, shops, etc), $100,000
for coal handling and storage plants, and $233,369
for the sinking fund for the purchase of the com­
pany's stock.
After making this deduction, the
actual surplus for the year carried to profit and
loss was $3,370,706, equal to 9 63 per cent on the
stock.
It appears that besides the $1,233,369 charged for
depreciation and sinking fund, $1,136,951 was
charged to operating expenses for betterments, mak­
ing an aggregate of $2,370,320. The 9 63 for the
stock remains after these large appropriations from
the year's income. The scale of the outlays shows
that the standard of the property is being raised in the
same marked way, and by the same methods, as upon
other leading properties throughout the country. A
detailed statement of the improvements made is fur­
nished, and it bears out the remark in the report that
they are very substantial in character.
As showiDg the efficiency which is being attained as
a result of the heavy expenditures for improvements,
the report points out that the large increase in the
volume of traffic in 1901 was moved with but a slight
increase in the cost of Conducting Transportation.
The figures on that point are quite noteworthy. Total
working expenses for 1901 were $6,377,081, against
$6,029,419 for 1900, an increase of $347,662; but $299,967 of this was due to enlarged outlays on mainte­
nance account. For conducting transportation the

453

expenditures wore $3,721,024 against $3,684,400, an
increase of only $36,624, or less than one per cent.
The traffic and mileage statistics, moreover, dem­
onstrate] that the 'reduction of grades and curves,
and the installation of larger cars and engines
of greater hauling capaoity, are producing very
favorable comparative results in all directions.
Thus with an increase In the number of tons of
freight moved one mile from 1,152 million tons to
1,274 million tons, the freight train mileage was actu­
ally decreased, having been only 3,586,489 miles,
against 3,630,094 miles. Accordingly, there was an
addition of 38 tons to the average train load, bringing
it up to over 355 tons. This must be considered a
very high average for lines situated as are those of the
Delaware & Hudson, and is evidence of excellent
work. The result is much better than we should
have thought possible, and it is one of the things
which it was not possible to ascertain under the old
form of report.
The new form of report also serves to dispel all
doubt as to the inherent strength of the Delaware &
Hudson property. The balance sheet puts down the
value of the unmined coal on the company's estates at
$12,089,648. Turning to another part of the report
we find the amount of coal in the ground January 1
1902, estimated at 229,911,746 tons. Hence in the
balance sheet this coal is valued at less than 6 cents a
ton. Perhaps, too, it will be news to hear that the
company's equipment, both of the coal and the rail­
road departments, is almost entirely new. Yet such
is the fact. The evidence Is found in the high average
capacity of the cars. The statistics are given with
great detail, for each class of carg and for each divi­
sion, and they show that the average capacity of the
entire equipment is close to sixty thousand pounds per
car— in exact figures, 29‘17 tons.
It is worth noting, too, that a large amount of highrate bonds on the leased lines mature in the early
future. In the refunding of these an important an­
nual saving can be effected. The Albany & Susque­
hanna has $3,000,000 of 7s and $7,000,000 of 6s fall­
ing due in April 1906 and the Hew York & Canada
has $4,000,000 of 6s and $1,000,000 of 4£s falling due
May 1 1904. If the whole four issues should be re­
funded at 3^ per cent, the saving as compared with the
present charge would amount to $390,000 per annum.

FEA TUBES OF TEE LA OKA WANNA REP OR1 .
The great rise which has occurred within a short
time in the market price of Delaware Lackawanna &
Western Railroad stock, together with the rumors tb
which this rise has given currency that control of the
property is being sought in new interests, invests the
annual report of the company, Issued the present
week, with more than ordinary importance. Early
last year the stock sold at 188; the present price at
285 shows an advance of almost 100 points, and the
quotation has been as high as 297. The amount of
the company's stock is small, namely $26,200,000, and
it is understood to be closely held in large blocks—a
feature which facilitated the corners in it which
“ Deacon" White used to get up every now and then
with great success in the early eighties. Bearing on
this point It is Interesting to recall that Mr. White's
prediction made at that time (when the stock raDged
between 100 and 125), that the shares would eventually
sell at 200 on their merits, has long since been fu l­
filled.

454

THE CHE0JS1CTE,

[VOL, LXXIY.

As already stated, nearly everything combined in
We have no better means ol knowing than any other
outsider whether the recent great advance in the stock 1901 to make the income showing extremely satis­
Is due to extraneous causes or not. The stock pays 7 factory; nevertheless the increased economy with
per cent dividends and on that basis the yield to the fyhich the property is being operated under the new
investor on a purchase at 286 is leas than 2| per cent. management also contributed materially to the same
Study of the annual report, however, shows that the end. The Lackawanna is both a large anthracite
company is in a position of unusual strength. The company and an important East-and-Wesfc trunkline.
income account for the twelve months ia, as expected, The year 1901, as President Truesdale well says, will
extremely satisfactory. On its face and as measured pass into history as one of the most satisfactory years,
by the final result it shows that the company had a if not the banner year, for the anthracite coal inter­
surplus on the operations for the twelve months in ests of the country. The figures show, too, that the
amount of $1,196,054 over and above the 7 per cent Lackawanna enjoyed its full share of the business
dividends paid. This $1,196,054 surplus is equal to and prosperity with which this particular interest was
4 57 per cent on the $26,200,000 stock, and on that favored. The tonnage mined, purchased and handled
basis, therefore, it would appear that the company was far in excess of any previous year. From trans­
earned altogether somewhat over 11$ per cent on the portation of coal the earnings were $2,214,021 more
stock for the twelve months. But it is necessary to than in the preceding year. At the same time it ap­
dissect the income statement in order to see what the pears that the coal department earnings (which means
property really did earn according to the ordinary the profit on the mining and selling of coal) were
$438,561 larger than in the preceding year. Then
methods of calculation.
In the first place it deserves to be pointed out that also ordinary merchandise traffic increased by rea­
the surplus of $1,196,054 remains after charging up son of the activity and prosperity of general busi­
no less than $2,523,127 for betterments. President ness, and the passenger traffic likewise increased,
Truesdale announces that the management decided partly by reason of the same fact and partly by
early last year to set apart from the earnings each reason of the travel to and from the Pan-American
month and credit to renewal and betterment account Exposition at Buffalo. The Exposition, it is calcu­
a certain sum, which should aggregate at the close of lated, added $380,000 to the gross earnings of the
the year a sum approximately sufficient to cover the passenger department for the twelve months.
Possibly it may seem that another such income
extraordinary expenditures of the year for new steel
bridges, new engines and cars.
The sum so set showing as that for the year under review can hardly
apart from month to month foots up for be counted upon in the near future. But it is evi­
the year $2,523,127. Roughly, $1,000,000 of this dent that this is not the view of the Lackawanna man­
was applied to the construction of new bridges, agement. President Truesdale says that the future
another $1,000,000 to the purchase of 79 locomotives, looks promising, and so far as can be judged from
and the rest was applied in the purchase of new cars. present prospects the business of the current year
But it appears that in addition to this specific appro­ bids fair to atfleast equal that of the last, and with no
priation of $2,528,127 out of earnings there were general failure of crops or unlooked-for calamities
$1,228,953 of extraordinary expenditures during the should, he thinks, exceed it. Referring to the an:
year which were included directly in operating thracite trade, he says that it wes (as we all know)
expenses. The two sums together make $3,752,080 conducted with “ exceptional good judgment and
Moreover he also
spent for improvements and betterments—an amount in the most harmonious spirit.”
equal to 14*32 per cent on the company's stock. It asserts— what no one with a knowledge of the situa­
will thus be seen that while 7 per cent was paid on the tion will deny—that the outlook is “ favorable to an
stock and nominally 11*57 per cent earned on it, indefinite continuance of these favorable conditions.”
another 14*32 per cent was applied to improvements Another interesting statement which he makes is that
and additions, making altogether close on to 26 per the company, by reason of its financial strength, is in
cent earned on the stock in the ordinary way.
position to carry on the improvements it has planned
The policy of appropriating such large amounts out for the current year and purchase the additional
o f earnings for the improvement of the property has rolling stock it has contracted for without incurring
been particularly a feature of the company's affairs increased obligations of any kind, excepting such as
since President Truesdale has been in charge of the will be provided from current operations. In conclu­
property, and of course would not have been possible sion, we may note that the Lackawanna, with $26,except for the extremely favorable conditions which 200,000 capital, has a profit and loss surplus of
have prevailed in the anthracite trade and in the $16,719,626.
industrial world. This policy is being amply j aerified
by the results. The property is being placed in a IT E M S A B O U T BANKS, B A N K E R S AND TRUST GO'S.
state of efficiency never previously attained in the
—The public sales of bank stocks this week aggregate 803
company's history. One evidence of the truth of the shares and were all made at auction. The transactions in
assertion is found in the striking advance made in the trust company stocks, also all auction sales, reach a total of
average train load. This item of train load was stated 215 shares. A lot of 10 shares of the N. Y , National Ex­
for the first time in 1900 and there are no figures of change Bank stock, of which there had been no sales since
any kind available for previous periods. For 1900 the May 1899, when the quotation was 116, was sold this tweek at
average (revenue freight) was reported at somewhat 280. la t h e “ cu rb ” market but one sale has been made,
namely, 5 shares of stock of the National Bank of Commerce
over 325 tons, which seemed a very satisfactory figure at 350.
considering the character of the company's traffic and Shares. B anks—New York,
Price.
Last previous sale.
Fob. 1902 — 225
the conditions under which it is moved. For 1901 100 Citizens’ Bank, National.......... 223%-224
10 City Bank, National...........
600
Fob. 1908— 600
20 Commerce, National Bank o f.. 350-851
Jan. 1902— 819%
mow the average is reported as 372 tons, an in­
SO Gallatin National Bank-------- 439%
J an. 1902— 157
crease of almost 46 tons or 14 J per cent in a single
JO Manhattan Co., Bank of t b e ... 827
Fob. 1902— 827%
25 Market & Fulton Nat, B a n k ... 257
Jan. 1902— 355
year.
* 5 Mercantile National Bank....... 298
Jon. 1 9 0 3 - 300%

M aiicii 1, 1902.]
Mhare.ii.
B anks—New York.
Price
20 Mount Morris Bank................. 232 'is
18 Now York, N. B. A . Bank of.. 330-345
10 N. Y. National KxoUangje Bk.. 230
30 Park Bank. National................ 6451b-610
25 Plientx National Bank............. 112'a
T rust comtanims—New York.
50 Amorloa, Trust Oo. o f . . . . ....... 205^-203
5 Oentral Trust Oo....................... 1030%
40 Morton Trust Oo...................... 1075
20 N. Y. Security & Trust Oo...... 1350
50 North American Trust Oo....... 260
50 U. 8. Mortgage A Trust Oo....... 475

THE CHRONICLE.
f,ant p re v io u s sale.

455

— Henry G. Marquand, form erly o f the banking firm of
Marquand & D im ock, w hich dissolved twenty years ago,
1899- 110
1902— 645 >a and a prominent capitalist and philanthropist, died in this
1902
117% city on W ednesday, aged eighty-three. He was for many
years President o f the M etropolitan Museum o f A rt and a
Feb. 1002— 267%
Feb. 1 0 0 2 - 1031
liberal contributor o f artistic works and o f money to that in­
Feb. 1 9 0 2 - 1100
stitution. He was largely connected with railroad enter­
Jan. 1902 - I860
Feb. 1902— 260
prises in the Southwest and the construction o f the St. Louis
Fob. 1002— 5 (0
& Iron M ountain, o f w hich he was first Vice-President and
—The stock of the new Trust Company o f the Republic has later President, was principally due to his <fforts. A t the
been allotted and payment called for March 18. Business time o f b i s death he was a director o f the Equitable Life A s­
will he commenced A pril 1. D. Le Roy Dresser is President surance Society and a trustee o f the Mercantile Trust Co.
and A lex. Greig Treasurer. A . A. Lisman has placed con­
— To-day, March 1, Hon. Conrad N. Jordan, United States
siderable of the stock with interests closely connected with
Assistant Treasurer at N ew Y ork , enters upon his third
Standard Oil Co.
term, for which he was recently appointed by the President
—Ex Secretary o f the Treasury Lyman J. Gage has fo r­
and confirmed by the Senate.
mally accepted the Presidency o f the United States Trust
—J. B. Lee, who fo r the past tw enty-tw o years has been
Company, and he w ill probably assume his new duties about
connected w ith the chartered Bank o f India, Australia and
the middle of April.
China, has been appointed Manager o f the International
—Negotiations for the m erger o f the Kings County and
Banking Corporation o f this city, and W . H. M acIntyre has
the Union banks o f Brooklyn are reported to be making
been appointed Assistant Manager o f this com pany. Mr.
snbstantial progress, w ith good prospect o f final consumma­
Lee was fo r nineteen o f the tw enty-tw o years above noted
tion of the plan.
stationed in the Orient. Mr. M acIntyre was for nineteen
—The fourth branch to be established by the N ew York years with the C olonial Bank o f London, and for seven years
Produce Exchange Bank o f this city will be opened at the he was the associate agent o f that bank in this city. R ecently
corner o f 116th Street and Third Avenue. This is to be he has been w ith the export and comm ission house o f Gilles­
designated as the Harlem Branch. The others are located at pie Bros. & Co. o f New York.
Columbus Avenue and 93d Street, Madison A venue and 59th
—James H. Beekman, w ho becam e a m em ber o f the New
Street and 7th A venue and 58th Street.
York Stock Exchange in 1869, when he was o f the firm of
—The Palisades Trust & Guarantee Company has been or R obert W in th rop & C o., died on Saturday o f last week,
ganized in Englewood, N. J., w ith a capital and surplus of aged fifty-four. He retired from business about ten years
$100,000 each. The officials a r e : President, A bram De ago.
R o n d e ; First Vice-President, Daniel „A. Currie, M ayor o f
— W illiam H. Foster, form erly o f the Stock E xchange firm
Englewood ; Second Vice-President, Delos Bliss ; Treasurer,
i of Leonard,Sheldon & Foster, died recently in his ninety-fourth
A, B. W estervelt, and Secretary, George S. Coe o f Messrs.
year. During his active business career in the Civil war
A . M. Kidder & Co., this city.
period, he organized several banks, including the National
—The M ount Vernon Trust Com pany, Mount V ernon, Bank o f Commerce o f Boston, and later became a member o f
W estchester County, N. Y ., has been organized w ith a cap the above-named firm.
ital o f $ 100,000 and surplus o f $100,000, these am ounts having
—James D, Orton, the organizer and form er President o f
been largely oversubscribed. A m ong the incorporators are
the Second National Bank o f N ew ark, N. J., died on Satur­
Charles H ill W ilson, A. M. Campbell, A. A . Lisman and
day o f last week aged seventy. H e was a director of the
Mark D. Stiles. Messrs. Fettretch, Silkman & Seybel, Potter
Newark (N. J.) Dime Savings Institution.
Building, New Y ork , are th e attorneys for the incorporators,
—The charter o f the Inter-State Trust C o., w h ich has been
A . A . Lisman, 25 Broad Street, New Y ork , was instrum ental
incorporated under the law s o f N ew Jersey, was approved
in organizing the com pany.
— The firm of Fearon & Co., Philadelphia, to day be­ by the Commissioner o f Banking and Insurance o f that State
comes Charles Fearon & Co. The new firm w ill assume all on Friday o f last week. The capital is $100,000. A ccordin g
to a statement in the “ Journal o f Com m erce,” the surplus
contracts of Fearon & Co.
w ill be $2,500,000, w h ich w ill be devoted to the purchase of
—The Deutsche Bank o f Berlin on Thursday declared its
small banks in localities outside the State o f N ew Jersey,
annual dividend of 11 per cent, being the same rate o f distri­
and it is reported that control o f the stock o f eighteen such
bution as last year. The report made to the shareholders, of
organizations in New England, the Middle States and the
w hom there are some w ho are citizens o f the U nited States,
South has already been secured. It is proposed that each
shows the past tw elve months to have been the record year
bank shall continue in control o f its ow n business and be
o f this great institution. The business turnover amounted to
operated to the extent o f its capital and resources. The
$12,336,000,000, an increasejof m ore than 4 per cent; deposits
various banks w ill be branches o f the central com pany, and
and credits, $150,000,000, an increase o f m ore than 18 per
when their own loanable resources have been exhausted, they
cent; cash, bills discounted, loans at short notice, Govern­
w ill sell drafts upon the central com pany or upon some other
ment securities and other quick assets, $136,000,000, an in­
o f the branch banks where funds m ay at the time be avail­
crease of about 18 per cent.
able. It is also reported that the plan o f the incorporators
—It is announced that an offer o f $67 50 per share has been o f the Inter-State Trust Com pany contemplates the form a ­
made for a controlling interest in the stock o f the Brooklyn tion o f an organization to be know n as the “ Bank( rs’ SeouBank o f Brooklyn. The Leggett syndicate, which controls ri.ies Company” w ith a capital o f $2,000,000 and a corre­
the Kings County Bank, offered $65 per share fo r the Brook­ spondingly large surplus, w h ich w ill transact business of
ly n ’s stock and about one-third of it was secured.
The such a character as cannot be transacted under the restric­
above-noted effer o f $67 50 is authoritatively stated to have tions imposed by the national or the State banking laws»
been accepted by m ore than a m ajority o f the stockholders.
but w hich, it is claim ed, w ill be entirely legitim ate and
—A new financial institution has been organized in New 8afe.
Orleans, La., under the name o f the Southern Trnst & Bank­
—N ew Y ork Chapter o f the Am erican Institute o f Bank
ing Company, w ith a capital o f $1,000,000. The plans con ­ Clerks, o f w hich S. L udlow Jr., o f the Fourth National
template the erection of a tw elve story building on Caronde- Bank, is Chairman, has issued a programme covering the
let Street. W illiam P. Brown of W . P. Brown & Co. o f New meetings o f tho chapter fo r the remainder o f the season end­
Orleans was the original promoter o f the banking enterprise ing June 12. The chapter has been an entire success, its
and he is the largest stockholder; the remainder o f the stock membership, already tw o hundred and fifty, is increasing,
has been, taken by New Orleans capitalists and merchants and much interest is manifested in the meetings. The pro­
ch b fly engaged in the cotton trade. It is> x p e cte d . that the gramme includes papers and addresses by R. W . Jones, Vicecompany w ill be ready for business soon after the middle o f President o f the Seventh National Bank, on the National
March. The charter provides for a board o f twenty-one Banking system; by Charles D. Sims on profits on accounts;
directors, of whom fifteen are named In the articles o f incor­ by Charles N. F ow ler on the new financial bill, and by other
poration, with pow er to elect the remaining six.
more or le’ B prom inent people on topics o f interest to bank
Feb.
Feb.
May
Feb.
.Tan.

1902-

1002 —

225
346

456

THE CHRONICLE.

[Vol. LXXIY.

mond, Va., on account of ill-health, was recorded in our
issue of January 11. Mr. Burnett had attained the age of
—The Industrial Trust Co. o f Providence, R. I., has ab­ 64 years, twenty o f which were devoted to the duties of the
sorbed another institution, this time the W ickford (R. I.) above positiou.
—The Secretary and Treasurer chosen for the new Colonial
National Rank. The arrangement was consummated by the
directors of the W ickford Bank on February 20. The price Trust Company of Pittsburg is Mr. Homer C. Stewart, who
paid for the stock was $110 per share, par value $100. The resigns to-day as Cashier o f the First National Bank of M c­
capital stock of the bank was $ 100,000 and the surplus and Keesport, Pa. His successor in the latter position is Mr.
profits, acoordiug to the December report, was $17,285. This Charles A. l ’awney, former Assistant Cashier.
is the thirteenth institution to be absorbed by the Industrial
—The Central Savings Bank Company of Toledo, Ohio, has
Trust Co.
increased its capital from $t00,000 (one-half paid in) to $200,—The Commercial Trust Company of Philadelphia, of 000 (one-half paid in). The new shares, which are to be paid
that is, at
which Mr. Thomas De W itt Cuyler is President, has increased for on April 10, will be sold at a premium o f
its board of directors from fifteen to nineteen members. The $51 % per share.
additions are: Horatio G. Lloyd, Second Vice-President of
—The Canton State Bank o f Canton, Ohio, has voted to
the company; Henry C. Frick, Samuel T. Bodine, Vioe-Presi- increase its capital from $100,000, 60 per cent paid in, to
dent of the United Gas Improvement Co., and Henry Tatnall, $300,000, 60 per cent paid in. The new stock w ill be soldj at
President of the Franklin National Bank o f Philadelphia.
a premium of 6 per cent on 60, increasing the surplus by
clerks. Arrangements are being made tor a dinner on April
‘i t, which will be the social feature of the chapter’s season.

—The recently organized Colonial Trust Company of Pitts­
burg, Pa., intends to issue 5,000 new shares of stock to
acquire the Freehold Bank o f Pittsburg. The bank has a
capital of $200,000 and surplus and profits of about $ 1,000,000.
The stock to be issued by the trust company will be sold at
$250 per $100 share, netting $1,250,000. Of this sum $500,000
w ill be added to its ca p itil of $L,000,000 and $750,000 to the
surplus of $1,500.000. The company expects to begin busi­
ness about April 15.

$7,200. Mr. A. C. Brant is President and C. D. Bacbtel
Cashier.
—The First National Bank o f Belmont, Ohio, capital
$50,000, closed its doors on Tuesday. The bank had deposits
of $251,596. National Bank Examiner J. W . Delay was
appointed receiver.

—Mr. Charles B. Anderson, who came from Crete, Neb.,
last November to accept the position of Cashier of the
Omaha National Bank o f Omaha, Neb,, has decided to re­
—An advertisement which recently appeared in the St. turn to the form er city, his private interests there demand­
Louis papers may be taken as evidence that, notwithstand­ ing his attention. He has therefore tendered his resignation
ing the large number of new trust companies w hich have to the directors o f the bank, to take effect March 15.
recently been brought into being in that city, the time is
—Mr. Thomas D. Robertson, founder and President of the
still considered propitious for the organization o f others.
W innebago National Bank o f R ockford, 111., died in that
The advertisement referred to asks for subscriptions from
city on February 4. Mr. Robertson, who was born in Scot­
$100 up to the capital o f $2,000,000 of a proposed trust co m ­
land iu 1818, organized the bank in 1848.
pany which the house inserting the advertisement is under­
—The newly-created City National Bank o f Evansville,
taking to float.
Ind., has among its incorporators the name o f Mr. Francis J.
—Mr. Joseph Dickson, whose health, it is said, has becom e
Reitz, President o f the First National Bank o f Evansville,
undermined through the work attending the organization of
as well as some of the directors o f the latter. The new in ­
the new Germania Trust Company o f St. Louis, has been
stitution has been capitalized at $200,000.
compelled to resign the Presidency o f that institution. First
— Mr. J. F. Brand, form erly Vice-President o f the Com ­
Vice-President W illiam H. Dittmann has been elected as the
new head of the company. A ll the other Vice-Presidents mercial National Bank of Saginaw, Mich., has been elected
have m oved up one place, Mr. Henry Koehler Jr. now being President, the new Vice-President being Mr. G. A. Alderton,
—The National Bank o f the Republic, Chicago, ow ing to
First Vice-President; Max R. Orthwein, Second V ice-Presi­
dent; George A. Meyer, Third Vice-President, while Treas­ its rapidly increasing business, has found the necessity of
urer W . L. McDonald has been given the additional office of enlarging its quarters, and to this end has leased additional
Fourth Vice-President. The capital and surplus, originally rooms across the hall from its present hanking office in the
New Y ork L ife Building, corner o f La Salle and Monroe Sts.
$2,000,000 each, are to be reduced one-half.
—Mr. R . N . Crampton, for several years holding a respon­
—Recent newspaper reports of a proposed increase in the
stock of the Missouri Trust Company o f St. Louis, Mo., are sible position with the Northern Trust Company Bank, has
been appointed an Assistant Cashier o f the National Bank of
denied by the officials o f the company.
—Cashier F. E. Marshall has been elected President o f the the Republic, and w ill begin his new duties to-day.
Continental National Bank o f St. Louis, to succeed the late
George A. Baker. In turn, Assistant Cashier John A . Lewis
has become Cashier and G. N. H itchcock has been appointed
Assistant Cashier.
—W e are officially inform ed that there is no truth in the
report that the capital o f the Columbia Finance & Trust Com­
pany of Louisville, K y., is to be increased from $1,000,000 to
$2 ,000, 000.
—A t the recent election o f officers o f the Continental
Savings Bank o f Memphis, Tenn., the form er Cashier, Mr. F t
Schas, was chosen to fill the position o f President and Mr. F.
J. Baum was advanced from Assistant Cashier to Cashier.
The stock o f the Continental Savings Bank is quoted at 200
bid and 205 asked.
—A cut o f the proposed building to be erected by the
Nashville Trust Company on College Street, Nashville, ap­
pears in the Nashville “ Banner.” The photograph shows
the building as an imposing tw o-story structure. The ma­
terial used in its exterior will he white stone with dark gray
granite trimmings. W ork will begin shortly, the building
to be ready for occupancy by January 1903.

—Chicago is to have still another new savings bank. This
one is projected principally by members o f the wealthy Otis
family, and will be located at some good point on State
Street, which is entirely outside o f the recognized banking
district. The amount o f paid-up capital, it is said, w ill be
$250,000. The date fixed for opening business is some time
in April.

—A new brokerage firm on La Salle Street, Chicago, will
begin business at No. 181 about March 1. The style of the
firm w ill be Simpson & McDonald. Mr. John M. Simpson
has been with the prominent Board o f Trade house of Lamson Brothers for ten years. His partner, Mr. F. A . M c­
Donald, has been a successful miller at Ft. W orth, Texas.
Both hold memberships in the Chicago Board of Trade. The
new firm w ill deal on commission in grain, provisions, stocks
and bonds.
—Messrs. Ennis & Stoppani, bankers and brokers, of New
and Broad streets, New Y ork, will open a Western branch
office to-day on the third floor front o f “ The Rookery,'
Chicago. Mr. Fred. M. Clary, for five years cashier in the
extensive brokerage house o f Raym ond, Pynohon A Co.,
—The annual meeting o f the West Virginia Bankers’ A s­ w ill have charge o f the Chicago office. The firm, as iu their
sociation, to be held in Charleston, is scheduled for May 14 several Eastern offices in New York, Boston, Philadelphia
and 15. Mr. Lyman J. Gage, ex-Secretary o f the Treasury, and Newark, will deal in railroad stocks and bonds, grain
and cotton, copper, and other desirable investment securities.
has been asked to address the bankers.
—The Dollar Savings Bank A Trust Company of l.os
—The death is announced o f Mr. Henry C. Burnett, whose
retirement as Cashier o f the First National Bank o f R ich ­ Angeles, Cal., has been organized as successor to the R iv er­

March 1, 1902.]

I'HE CHRONICLE,

457

side Savings & Loan Company. The institution has an 1901 the com pany had accum ulated deposits o f $1,181,542.
authorized capital of $300,000, o f which $50,000 has been sub­ This amount was m ore than doubled in the follow in g year,
scribed. Mr. W . C. Patterson, President o f the Los Angeles the statement on January 1 1902 giving that item as $8,307,988. Mr. John L). Parsons Jr. is President.
National, is one of the directors o f the new com pany.
— A new bond house has been form ed in Philadelphia un­
—The Union Trust Company o f San F rancisco, which in
M ay last had a capital o f but $750,000, has again found it der the name o f Ristine & Conklin. The members are :
necessary to further increase that item. The stockholders Frederick P. Ristine, form erly teller o f the Real Estate Trust
w ill meet on the 27th inst. to act on the proposition of Company o f Philadelphia, and Frank H. Conklin, form erly
teller o f the G irard Trust Company. They will locate in the
increasing the authorized am ount from $1,250,000 to $1,500,
000. They will at the same time amend the articles of Mariner & M erchant Building.
incorporation so as to perm it the com pany to buy and sell
—The N orfolk Bank for Savings and Trust o f N orfolk,
stock of other corporations.
Va., intends to m ove into new quarters.
The lower
—The National Trust Company o f Toronto, Canada, has floor o f the building adjoining the N orfolk National Bank
issued its fourth annual statement as o f date Decem ber 31. has been secured and is now being converted into a m odern
The report shows a profit fo r the year o f $78,097, with a ca p i­ banking house. Mr. Caldw6ll Hardy is President o f both
tal of $1,000,000. The reserve fund on Dec. 31 amounted to these institutions.
$280,000. This institution does not, like most o f the trust
— The V irginia Savings Bank & Trust Company has been
companies o f the United States, receive deposits or do a bank­ organized in N orfolk, V a., w ith a capital o f $100,000. The
ing business, but devotes its energies to the care o f estates officials have already been chosen and include James W .
and the investment o f funds, together w ith the financing of Hunter, P resid en t; John L. Roper, First V ice President;
important enterprises o f all kinds. Mr. J. W . Flavelle is the W alter H. Taylor, Second Vice President and General Coun­
President o f the corporation and W. T. W hite is General sel, and W illiam C. W h ittle, Cashier. Mr. R oper is V iceManager.
President o f the City National Bank o f N orfolk and Mr.
—It is reported that the offer o f $125 per share made for Taylor President o f the Marine Bank o f that city.
the stock o f the Massachusetts Loan & Trust Company of
—A m ong recent Chicago bank elections we notice the
Boston by Messrs. Kidder, Peabody & Co. and F. S. Mosely choice o f Mr. Solomon A . Smith as Assistant Cashier of the
has been accepted by 9,700 out o f a total o f 10,000 Northern Trust Company Bank and Mr. H arold H. R ockw ell
shares.
as Assistant Secretary o f the same institution. Mr. Smith is
—The Union Trust Company o f A lbany, w hich recently a son of President Byron Smith. His brother, W alter Smith,
filed articles of incorporation w ith the State Superintendent is connected w ith the brokerage house o f John H. W renn &
o f Banks, has been granted the necessary authority to do Co.
business. The com pany has been capitalized at $250,000, and
w ill probably be in position to transact business by March 15.

— Messrs. W illiam H. Bishop, President; S. L. Tom linson,
Cashier, and W alter I. Dill, Assistant Cashier, o f the Union
—Rumors circulated the past week w ith regard to a con­ National Bank o f M ount H olly, N. J., are am ong the in cor­
templated consolidation o f the M etropolitan National and porators o f the Mount H olly Trust & Safe Deposit Company,
Continental National banks o f Chicago are emphatically w hich has been organized in that city w ith $L00,000 capital.
—The N ew ton Trust Company o f N ew ton, N. J ., in cor­
denied by E, G. Keith, President o f the first named bank.
porated
in December, has com pleted its organization by the
—The Concordia Trust Company, w ith $500,000 proposed
capital and $500,000 proposed surplus, is now organizing in election o f the follow in g officers: Frank M. H ough, Presi­
dent; W ickham M, Clark, Vice-President, and David B.
St. Louis, Mo.
Hetzel, Counsel. Messrs. H enry F. Bell and F rederick F.
—The Cleveland, Ohio," bank consolidation, "w hich was
Searing, o f the Citizens’ Trust Company o f Paterson, w ho
originally intended to include five banks, has finally resolved
have been instrumental in organizing the N ew ton com pany,
itself into the m erging o f the Century National with the Co­
are members o f its board o f directors.
lonial National. The Century National w ill g o into liquida­
tion, a m eeting o f the stockholders having been called for
S t o c k E x c h a n g e S e a t s a n d S t o c k E x c h a n g e C r e d it o r s March 20 to take form al action in the matter. The bank had
— Mr. Henry W ollm an, o f 20 Broad Street, counsel fo r the
a capital of $500,000. Its business is now being carried on by
Stock Exchange creditors o f the failed firm o f Seymour,
the Colonial National.
Johnson & Co., has favored us w ith the follow in g synopsis of
—The bank clerks of Grand Rapids, M ich., have form ed the points affecting Stock Exchange members decided by
a local chapter of the A m erican Institute o f Bank Clerks. Justice James Fitzgerald o f the Supreme Court o f New York
The association w ill hold meetings once a month.
in his decision the present week.
—Mr. Henry O. Redue is Assisting and A ctin g Cashier o f
P o i n t T.—-Frederick W. Johnson, of Seymour, Johnson & Co., was a
member of the New York Stock Exchange. After the failure of his
the Old T ow n National Bank o f Baltimore, Md.
firm his seat was sold by the Committee on Admissions of the Stock

—Mr. G eorge Hendrie has been appointed V ice-President Exchange under its rules. The Stock Exchange creditors filed with
o f the Commercial National Bank o f Detroit.
the assignee verified proofs of their claims for the full amount owing
to them at the date of the failure of the firm. Under the law of New
York the assignee does not allow olaims, but a referee appointed by
the court does After the filing of the claims with the assignee, but
betore the hearing before the referee, the Stcck Exchange seat money
was distributed among the Stock Exchange creditors under its
rules, who thus received 52 per cent of their olaims. The Stook
Exchange creditors claimed the right to prove up before the referee
for the full amount without deducting the money which they had re­
ceived from the Stock Exchange, stating, however, that they did not
—Messrs. Finley Barrell & Co., the extensive Chicago olaim the right to receive more than the full amount of their claims
stock and grain brokers, w ill open to-day a branch from both funds together. The outside creditors, through the assignee,
office in Minneapolis, Minn., connected w ith the parent claimed that the Stook Exchange creditors must credit the amount re
celved from the Stock Exchange and only prove up before the referee
house and all principal cities by private wires. Mr. Denman for the balance. The referee decided for the outside creditors. The
Johnson, who resigns the position o f Secretary and Treas­ Stock Exchange creditors, through Henry Wollman, their counsel,
urer o f the Peavey Grain Company o f Chicago, w ill assume appealed, and Mr. Justice Fitzgerald sustains the Stook Exohange
charge o f the Minneapolis office o f Finley Barrell & Co. creditors.
P o i n t II.—The rules of the Stook Exohange give a preference on
Minneapolis is Mr. Johnson’s old home.
the Stook Exchange money only to “ members” of the Exohange. No
-T h e sale was announced last week o f the five-story build­ copartnership, as such, can be a member of the Exohange. No mem­
ing of the First National Bank o f Boston, Mass., to “ a State ber of a firm, except the one who is the Stook Exohange member, can
Street syndicate.” The property, which is at the corner o f appear upon the door of the Exohange.
It was contended by the outside creditors that no copartnership
State and Devonshire streets, will be replaced by an eleven- had a legal right to reoeive any of the Stook Exohange seat money,
story structure.
for the reason that no firm could be a member, there being nothing in
—Though less than tw o years old, the A lbany Trust Com ­ the Constitution or rules of the Stook Exchange recognizing a firm
as a member, although the Exohange determines whether a member
pany of A lbany, N. Y ., has succeeded in building up a very shall be allowed to take as a partner a person he has selected.
considerable business. In the eight m onths to January 1 The assignee claimed that the Stook Exchange partnerships

—The First National Bank o f Toledo, Ohio, is arranging
for the erection o f a new building on its present site. In ­
asmuch as the new structure w ill be but one story high,
with an arched skylight, plenty o f light and air are assured.
A departure is to be made in its construction, part o f the
basement being reserved for a gymnasium and tlunch room
fo r the employes.

THE CHRONICLE.

458

having no legal iighi. «« he contended, to i-eoelve any
share of the proceeds of the sale of the seat, should be required to
return it before they were allowed to receive auy dividends from the
assigned estate. Tne Stock Exchange partnerships In this case,
showed to tne court that It had been the unbrokeu custom for over
thirty years to recognise the Arm as a member In the distribution of
the proceeds of the sale of the seats of Insolvent or deceased members,
u,nd they contended further that the word “ member” might mean one
thing in one place, and another thing In another place, and they
proved that the construction which the members themselves had for
thirty years put upon the word, as used In the matter of the distribu­
tion of the proceeds of the seats of “ members,” was that a partnership
represented on the Exchange was a member for that purpose, and
maintained that this construction should be accepted and adopted by
the courts.
The referee sustained the Btook Exchange creditors on this point.
The outside creditors, through Messrs. Ooudert Bros., counsel for the
assignee, appealed, and Mr. Justice Fitzgerald altirmed the referee on
that point, deciding In favor of the S ock Exchange Arms.

—The “ Manufacturers’ Record” of Baltimore has issued a
twentieth anniversary number which is in many respects a
work of art. The number is called “ T w o Decades o f South­
ern Progress,” and by means of articles from the pens of
prominent writers in the various spheres o f trade, industry
and commerce, it sets forth in graphic style the conditions
and progress of our Southern States during the past twenty
years.

H & otretargi <&ommzvti*l%uQli&Uc$ lzvot
[From our own correspondent.J

[Vol. LXXIV,

than they were to lend and to discount. There are, too,
signs of Borne recovery even in the markets for banking and
industrial securities, and in trade itself there is more activity.
It is reported this week, for example, that an American
order for steel has been placed in Germany. It is under­
stood that the German manufacturers will make little, if
any, profit; but they think themselves fortunate to get the
order, as it will enable them to keep their works going w ith­
out loss, in Russia, on the other hand, the crisis continues
as severe as ever, and probably will continue for some time
yet. In France the public is recovering from the losses in­
curred in industrial securities; but it is not engaging in
new enterprises; the utmost that it is willing to do is to
lend to borrowers In very high credit on any scale required.
In Spain the proposal o f the Government to compel importers
of certain om m o d itie s to pay in gold is approved, and the
probability still seems to be that the bill for reorganizing the
Bank o f Spain will pass.
The Imperial Bank of Germany reduced its rate of dis­
count this week from
to 3 per cent, and it looks as if t
would put the rate down lower before long. A t all events,
it would seem advisable to do so in the interest o f German
trade. The Bank has a very large authorized circulation ;
that is to say, it is allowed to issue a very large amount of
notes without holding against them either gold or silver,
and it can issue any amount of notes against gold. Beyond
the authorized circulation it can only issue by paying duty
on the excess o f 5 per cent. A t the present time the note
circulation is actually 18j^ millions sterling under what the
Bank might issue without having to pay duty, and for the
last tw o weeks notes have been returning from circulation
in large amounts. Moreover, the Bank holds very nearly
51 millions sterling in gold and silver; the silver is that
which remained when the sales o f the metal were stopped
many years ago. It is generally understood that the Imperial
Bank holds about 10 millions sterling of silver. Therefore it
holds in gold about 41 millions sterling. Lastly, in the
open market bills are freely taken at 1% per cent. It would
seem, therefore, desirable to put down the rate considerably.
In France money is very abundant and very cheap like­
wise; and even in London, great as are the amounts that are
now being collected by the Treasury, money is very much
easier and more plentiful than was anticipated a little while
ago. This week, owing to the fornightly settlement on the
Stock Exchange, there was a good deal o f borrowing by the
open market from the Bank o f England; but speaking
broadly, money is plentiful and cheap, the rate of discount
being only about 2% per cent. This is mainly owing, of
course, to the immense amounts that are employed here by
the great Continental banks, and especially by the French
and German banks at present. Probably rates will remain
pretty much what they are at present until near the end
of March. A fter that they will probably be kept up, because
the Government will have to borrow a large amount.
The India Council continues to sell its drafts well. It of­
fered for tender on W ednesday 80 lacs, and the applications
exceeded 1,800 lacs at prices ranging from Is. 4d. to Is.
4 3 32d. per rupee. Applicants for bills at Is. 43. per rupee
received about 2 per cent o f what they asked for, and those
for telegraphic transfers received about the same proportion
at Is. 4 1 16d.
The follow ing return shows the position o f the Bank of
Sngland,the Bank rate o f discount, th eprioe o f consols, & c,

L ondon, Saturday, February 15, 1902.
The fortnightly settlement on the Stock Exchange, which
was concluded on Thursday evening, showed an enormous
“ bull” account in South A frican securities, more particularly
in gold shares; and two or three members o f the House had
speculated on so very large a scale that they found it impos
sible to carry over their accounts. In fact an intimation was
given to them that the course they were pursuing was too
dangerous, and that the other members w ould not assist by
carrying over. In consequence they had to sell upon a very
large scale. It is understood that although prices went back
a little, they had bought so favorably that they have lost
very little or nothing; but still the selling has been on such
a very large scale that not merely was the upward movement
stopped, but there has been some setback. A t the same
time all the stock offered was readily bought, showing how
thoroughly sound the market, speaking generally, is, and
how very large now is the demand for such securities.
The general public is buying; but it is buying in a very
safe way. Usually it buys in small amounts, fifty or 100, or
at the outside, a few hundred shares, and what it buys it
1902.
1901.
19C0.
1899.
pays for and takes up. There are numerous cases, however,
Feb. 12.
Feb. 18.
Feb. 11
Feb. 15.
in which there are large dealings in options. It is the same
S
S
*
*
(Circulation...................................... 28,734,310 28,636,436 28,197.805
26,286,035
with the Continental public. There are great operators o f Public
deposit*.............................. 14,078,008
8,969,814 14,038,677
13,482.987
course who deal on an immense scale; but then these great Other d ep osits................................ 89,432,028 87,281,782 87,687,059 89,149,929
Sovern m en t s e cu ritie s............... 17,274.486 18,897,693 18.06S.425
13,373,938
operators usually have great credit likewise. The smaller Other
securities.............................. 28.664,669 28,877,382 27,549.901
82,916,986
22,724 011 24,345,456
24 612,295
public of the Continent either deal in options or pay for Beserve of notes and ooin ........ 26.934,416
4 b ullion ,both d epartm ’ ts
86,893,726 83,685,436 85 743,261
83.988,330
the shares w hich they purchase. The German public is PCoin
ro p .re se rv e to lla b ilitie s..D . c.
48M
4616-16
467-16
8
43*
4
8
buying South A frican shares on a very large scale. It is not Sank ra te ......................per cen t.
2i i per c e n t ..................
94 11-16
B6X
lOO^s
HIM
dealing very largely in other thiDgs. The French public is Oonsols,
3Urer..................................................
86X1.
28a. 27 9-lod .
87 7-16d.
buying not only South A frican but also W est A frican shares, Clearing-House retu rn s............ 176,078,000 162,128,000 177,743,000 2S3,119,000
and it is likewise buying consols in large amounts. It is
The rates fo r m oney have been as follow s:
buying some other securities, like British railway stocks
<409
Interest allowed
-4
Oven M arket B a tes
and South American government securities upon a smaller
fo r deposits bv
scale,
The impression is gaining ground that money is London.
D is t f l ’ i.
Joint
Ira
d
e
B
ills,
Bank
Bills.
likely to remain cheap, that the war is rapidly coming to an
g
Stock A t 7-14
e
end, and that peace will be maintained; that therefore con­
3 M onths. 4 M onths. 6 M onths. 3 Mo 8. 4 Mos. Banks Call Days
sols must rise; and so there has been during the past week
2X 8X
8 1-16
SX
3
2 15-16@8
8M
Jan. 18 4
or tw o buying upon a large scale. No doubt there has been
a
sx
“ 26 3M 2 15-16@3 2 16-16@3 2 15-ie@S 8M®8* SMQSX 2
selling also, largely due to the causes stated above; but the Feb.
a
a
8X
8
SX
3
3
3X@ 3X
1 SM
buying outweighs the selling.
8
iX
13K
3M
2
ll-1
6
@
X
IX
2 11-16(3»M
“
83 2
Upon the Continental bourses not very m uch is doing.
3
3
IX
IX
2 11-16
IX
211-16
2 11-16
“ 15 3
There is of course a certain amount o f business; but speak­
The
Bank
rate
o
f
discount
and
open
m
arket
rates
at
the
ing broadly, the larger part of the Continental business has
now been transferred to London. Partly no doubt this is ohief C ontinental cities have been as fo llo w s:
due to the bourse laws which cramp the bourses and give
Jan. 24.
Jan . 31.
Feb 14.
Feb. 7.
dishonest operators an opportunity to swindle those who
Tintt 8 0 1
trust them. Partly it is due to the very high prices o f most
Interest at
Open Bank j Open
Bank
Bank
Bank
Open
Open
o f the securities dealt in upon the Paris Bourse and to the
R ate. Market B ate. M arket R ats. Market Rate. Market
crisis in Germany, which deters large numbers o f people
3
SX
3
3
3
m
2X
m
from buying the m ajority o f securities dealt in on the Ger­ P a n s ..................
4
«'■»
m
SX
1%
8X
ax
man bourses. Both French and Germans, therefore, are B erlin................. 33
4
SX
SX
sx
a m b u rg..........
8X
2X
US
dealing much more largely in London than at home. The H
4
*X
3
SX
8X
F rankfort..........
2X
sx
IX
great operators deal directly with members o f the Stock A m sterdam ......
3
SX
3
S
3
8X
m
Exchange here. The smaller investors deal usually through Brussels.............
3
2X
3
8
3
«x
ax
SX
banks.
4
3
8
4
8
Vienna...............
2X
sx
sx
A t the same time it is to be noted that the crisis in Ger­ St. P etersburg.. 6X
nom .
c>X 1 nom .
nou\.
UOQ1.
5X
6X
4
4
4
SX
4
many shows signs of mending. Money has become very M adrid............... 4
4
8X
1 «X
4
4
4
4X
4.X
abundant and cheap, and the banks are much more willing C op en h a gen . .. 4

459

THE CHRONICLE

M a r c h 1, 1902.]

Messrs. Pixley & Abell write as follows under date of
February 18:

Report for February 6 is as follows ;
G o ld -T h e B ank ra te to-day w as redu oed to 3 per c e n t. P aris has
been a buyer, and the prloe h as been as h igh as 77s. 10% d., b u t th e
£850,000 shipped from N e w Y o rk to th at qu arter h a sh e lp e d to sa tisfy
the demand, and th e en quiry Is n o t n o w so keen, the o n ly m ov em en t
at the Bank being £ 4 0 .0 0 0 to M alta. A rrivals: A istra lia , £ 3 2 ,6 0 0 ;
Gape T ow n, £ 1 1 ,0 0 0 ; South A m erica, £ 5 ,4 0 0 ; to ta l, £ 4 9 ,0 0 0 . S hip­
ments: Oaloutta, £ 1 7 ,5 0 0 ; C eylon, £ 2 ,5 0 0 ; B om bay, £ 3 2 ,5 0 0 : to ta l,
£52,500.
Silver—F lu ctu ation s h a v e b een v e ry sm all, and w e fe ll to 2 § l,e d . on
large A m erioan sales, b u t th e Indian Bazaar an d th e Straits b o u g h t
freely at this level, and w e h ardened to 25% d ., at w h ich w e clo se
steady. The In d ian prloe is R s. 65*8. A rrivals: U. S. A ., £ 1 1 3 ,9 5 0 ;
A ustralia, £ 1 3 ,2 5 0 ; South A m erica , £ 9 ,8 0 0 ; to ta l, £ 1 3 7 ,0 0 0 . S h ip­
m ents: C alcutta, £ 1 0 ,0 0 0 ; B om b a y . £ 1 3 2 ,5 0 0 . T o ta l, £ 1 4 2 ,5 0 0 .
M exican D ollars—These oolns still oontlnue n o m in a l at a b o u t 25% d.

W e also report under date of January 30 the following:
G old —The arrivals are sm all, and the dem and fo r P aris is sufficient
to absorb all am ounts to hand. A t th e B ank th e m ovem en ts h ave
been sm all and £ 6 ,0 0 0 has b een reoeiv ed fr o m A u stra lia , w h ile
£ 1 0 5 ,0 0 0 has been w ith draw n fo r South A m erica. A r r iv a ls : A u stra lia ,
£ 1 0 ,0 0 0 ; Cape T ow n , £ 8 7 ,0 0 0 ; R iv er P la te, £ 1 0 ,0 0 0 ; W est In d ies,
£1 6 ,0 0 0 . T ota l, £ 1 5 3 ,0 0 0 . S h ip m en ts: B om b a y , £ 2 8 ,2 5 0 .
S ilver—E xistin g A m erica n stooks p ro v e d sufficient n ot o n ly to fill
the F ren ch tender, bu t also to su p p ly all requirem ents in L on d on .
There w as a slight reoovery to 259,Gd. on a sp e cia l order, bu t w e q u o te
to-d ay 25% d., w ith the E a st a m od era te b u y er and A m e rica a sk in g
fo r 259ied. The Indian ra te is Rs. 65% fo r shipm ent. A r r iv a ls : N ew
Y ork , £ 1 7 4 .0 0 0 ; A ustralia. £ 8 ,0 0 0 ; West In d ies, £ 1 2 ,0 0 0 . T o ta l,
£ 194,000. S hipm ents: B om bay, £ 1 1 5 ,0 0 0 ; C alcutta, £ 6 0 0 . T o ta l,
£ 1 1 5 ,6 0 0 .
M exloan D olla rs—T he tran sactions du rin g th e w eek h a v e b een v e r y
sm all, and th e qu otation is p ra ctica lly n om in al at 25381. p e r oz.

LOWDOM.

Hat.

M on.

tu e * .

Silver, p er o u n o e ........d.
Consols., n ew , 2 * p.otfl.
F or a o o o u n t................
iTr’oh rentes (In P aris) fr.
Spanish 4 s........................
A naconda M in in g.........
Atoh. T op . St Santa F e..
P referred ......................
Baltimore St O h io .........
P referred ______. . . . . . .
Canadian P a c ific --------Chesapeake &> O h io----Uhloa. G reat W e ste rn ..
Ohio. M il. & St. P a u l...
Den. Sb R io G r .,c o m ....
Do
d o P referred .
Brie, o o m m o n ................
1st p r e fe r r e d ...............
2d p re fe rre d ................
Illinois C e n tr a l..............
Louisville <&N a sh ville..
M exloan C en tra l...........
M exloan N a tio n a l.........
Mo. K an . St T e x .,c o m ..
P r e f e r r e d .............. .
W. Y . Oentfl & H udson..
BL Y . O ntario & W est’n
N orfolk & W e ste rn ........
Do
do
p re f.
P enn sylvania..................
"Phila. St R e a d ...............
'F h lla. & R e a d .,1st p ref.
'P h ila . & R ead;, 2d p ref.
Southern P a cin o............
South’n R a ilw a y , c o m ..
P r e fe rre d ......................
(Jnlon P a c ific ..................
P r e fe r r e d .....................
Q. 8 . Steel C orp., c o m ..
Do
do
p r e f..
W abash___ . . . . . . . . . . . . .
Do
p re fe rre d ...........
Do
D eb. “ B ” . . . . . .

25%
9 4 »,«

25 % 6
94%
94'<>ie
101-15
77%
6%
77%
99
104*4
96
117
46%
24
168
44%
93%
38%
70
57*4
142%
106%
29%
16%
25
55%
166%
34
58
92%
76%
28%
42%
34%
65%
33%
97%
103%
90%
45
96%
24%
43%
73%

25+ 8
9H 1,8
94%
01 2 2 %
77%
6%
77%
99%
106%
96%
117
47
24%
167%
44%
94%
39
70
58
143%
106%
29%
17
25%
57%
166%
34%
68%
93%
76%
28%
42%
34%
66%
33%
98%
104%
91%
45%
97
24%
44%
74*4

HN
^ 7*
O

G old —There have been no arrivals during the w eek, but i j 2 60,000 Is
due here b y Saturday, and .£750,000 (Including tlio £ 5 0 0 ,0 0 0 shipped
by the Indian G overnm ent) is o x p e o te d n o x t week. E x c e p tin g £ 2 0 ,0 0 0
w ithdraw n to-day fo r M alta, there, have been no m ovem en ts at the
Bank o f England. F or the w eek —A rriv a ls : Oapo T ow n , £ 4 ,0 0 0 ;
A ustralia, £ 3 ,0 0 0 ; Straits, £ 6 ,0 0 0 ; tota l, £ 1 3 ,0 0 0 . S h ip m e n ts;
B om bay, £50,000 ; M adras, £ 2 ,5 0 0 ; tota l, £ 5 2 ,5 0 0 . F or m on th o f
J a n u a ry —A rrivals: G erm any, £ 3 ,OoO ; H ollan d, £ 1 9 ,0 0 0 ; B elgium ,
£ 1 6 ,0 0 0 ; F r a n c e , £ 3 7 ,0 0 0 ; B ra/,11, £ 4 2 ,0 0 0 ; South A frica , £ 3 2 3 ,0 0 0 ;
East Indies. £215,000. S h ip m en ts: G erm any, £ 1 9 0 ,0 0 0 ; F ra n co,
£ 3 2 9 ,0 0 0 ; Brazil, £2X 8,000 ; E ast Indies, £ 1 0 2 ,0 0 0 .
Silver—The Am erican shipm ents have been h eavier than usual, and
these, com ing on a m arket w ith In d ia a relu cta n t bu ver, have caused a
slight set back. The m arket d o s e s stead y at 2 5 i18d cash , and 2 5 kid.
forw ard. The Indian rate Is Rs. 65 per 100 T olalis F or the w e e k —
A rriv a ls : New 5'ork, £ 2 7 5 ,0 0 0 ; xVustraiia, £ 3 .0 0 0 ; tota l, £ 2 7 8 ,0 0 0 .
Shipm ents : B om bay. £ 2 0 5 ,0 0 0 ; H o n g K on g , £ 1 1 ,5 0 0 ; to ta l. £ 2 1 6 ,500. F or mouth o f Jan uary—A r r iv a ls : F ranoe, £ 3 6 ,0 0 0 ; U 8 A .,
£ 8 1 6 .0 0 0 ; M exioo, £ 1 4 .0 0 0 . S h ip m en ts: R ussia, £ 4 1 ,0 0 0 ; France,
£ 7 2 ,0 0 0 ; U. S. A ., £ 4 ,0 0 0 ; M ex ico, £ 2 2 ,0 0 0 ; E ast Indies, £ 6 6 8 ,0 0 0 .
M exloan D o lla rs—W ith n o arrivals o f these coin , th e m arket Is q u ite
nom inal.

E n g l l i h F i n a n c i a l l U a r l i c u —P e r C a b le .

The dally oloaing quotations for securities, etc., at London
are reported by oable as follows for the week ending Feb. 28,

76%
6%
77%
99*4
105%
117%
46*4
24
168
44%
94*4
39
70
5 7%
143
106%
25%
57
166%
34%
58
92%
76%
28%
42%
35
66%
33%
98
104%
92
45
96%
24%
43%

Wed.

T hu ri.

25%
256,8
94%
94%
94%
91%
01 2 2 -a 01 17%
77%
77%
6%
6%
77%
77%
99%
99%
106%
106%
96%
96%
118%
x 115%
47
47
25
25
167%
167%
45
45%
94%
95
39%
39*4
70*4
70%
57%
57%
143
143*4
106%
106%
29%
29%
17%
17*4
25%
25%
57
57
167
166%
34%
34%
58%
58%
93%
93%
77
77%
29
28%
42%
41%
35%
35*4
66%
66%
34
33%
97%
98%
104%
102
91%
89%
45%, x l4 %
97%
97%
24%
24%
44%
44%
74%
76

F ri.
25%
94%
94%
10140
77%
6%
77%
99%
106%
96%
115%
47%
25%
167
45%
94%
31%
70%
58
142%
106%
29%
17%
25%
57
166%
34%
59%
93%
77%
28%
41%
35%.
66%
33%
98%
101%
83%
44%
97%
24%
44%
76%

■ i-*rio© n « r sn are
& 0 m m £ £ £ t a l a tr il

f| « w $

N a t i o n a l B a n k s . —The fo llo w in g in form a tion regarding
national banks is from the Treasury D epartm ent.
NATIONAL BANKS ORGANIZED.

The quotations for bullion are reported as follows:

Certificates Issued January 7, 1902, to February 21, 1902.,
G o ld .

Feb.

L o n d o n Standard.
B ar g o ld , fin e ___ oz.
U. S . g o ld c o in ...o z .
German g old coin .oz.
F ren ch g old coin .oz.
Japan ese y e n ___ oz.

13.

Feb.
6.

8. d. s.
77 10% 77
76 4% 7 6
76 4% 76
76 4% 76
78 4% 76

* N om inal.

S IL V E R .

L o n d o n S ta n d a rd .

Feb
13.

Feb.
6.

d

d.
25%
25910

d.

10% B ar s ilv e r , fin e ... oz.
5%
D o 2 m o . d e liv e ry
5% B ar silv e r, o on ta in ’g
5%
d o 5 g rs. g o ld .o z .
d o 4 g rs. g o ld .o z .
5
d o 3 g r s . g o ld .o z .
C ake s ilv e r ...........oz.
M e x ica n d o lla r s.o z .

25%

2515ifl 26
25% 251310
259,8 25%
27T18 27%
25 %* 25%*

The following shows the Imports of cereal produoe into the
United Kingdom during the twenty-three weeks of the season
compared with previous seasons:
IMPORTS.
1 901-02.
1 9 0 0 -0 1 .
1899-00.
1898-99
Im p»t8 o f w h e a t, o w t.2 8 ,0 3 4 ,200 3 1 ,1 4 5 ,0 0 0 2 7 ,0 7 2 .9 0 0 2 7 ,0 0 0 ,5 5 0
B a rle y ........................... 1 3 ,7 8 0 ,4 0 0 12,045,200
8 .6 6 6 ,5 0 0 15,018,000
O a ts ................................ 8 ,845,200
9,741,400
8 ,2 6 5 ,3 0 0 7 ,4 6 0 ,7 7 0
P e a s ................................
8 82,900
1,278,630
1 ,5 1 1 ,0 0 0 1,185,100
B ean s.............................. 1,004.800
8 24,440
79 2 ,8 0 0 1,087,120
In d ia n c o r n .................. 2 1 ,4 3 9 ,0 0 0 2 5 ,362,700 2 8 ,341,300 23,520,860
F lo u r ........................... 10 ,121,700 10,03 3 ,8 0 0
9 ,655,800 10,270,030

Supplies available for consumption (exclusive of stooks on
September 1):
1901-02.
1 900-01.
W h e a tlm p o rte d ,o w t.2 8 ,0 34,200 31,14 5 ,0 0 0
Im p orts Of flo u r........ 10,121,700 10,033,800
Sales o f hom e-gTown. 14,137,976 11,989,107

1899-00.
1898-99.
27,072,900 27,000,550
9 ,6 5 5 ,8 0 0 10,27 0 ,0 3 0
15,134,801 15,30 3 ,8 0 2

T o ta l..................... 52,293,876 53,167,907
A ver.p rlce w h eat,w eek .2 7 s. 2d.
26s. 7d.
A v e ra g e p rice , se a so n .2 6 s. 9d.
27s. 5d.

51,863,504
25s. 8 d.
26s. Od.

52,574,382
26s. 6 d.
27s. Od,

The follow ing shows the quantities of wheat, flour and
maize afloat to the United K ingdom :
T h it week.
W h eat................q rs ...3 ,3 8 5 ,0 0 0
F lou r, equal to q r s ... 335,000
M aize.................q r s ... 455,000

L a st w eek.
3,215.000
295.000
460.000

1901.
2,675,000
3 25.000
5 9 5 .0 0 0

I9 6 0 .
2,585,000
285.000
510.000

The British imports since Jan. 1 have been as follow s :
I m ports.
J a n u a r y ........

1902.
£
50,131,3 4 8

1901.
£
4 5 ,9 8 7 ,5 1 6

D ifferen ce.
£
+ 4 ,1 4 3 ,8 3 2

p e r Ot.

+90

The exports since Jan. 1 have been as follows :
Exports.
J a n u a r y .......

1902.
£
2 4,254,5 7 4

190 1 .
M

24,753,531

D ifferen ce.
£
—4 9 8 ,9 5 7

P e r Ot.
—2 0

The re-exports of foreign and colonial produce since Jan. 1
show the following contrast:
190 2 .
KfS-EXPORT 8.
£
J a n u a ry ........
5,3 4 0 ,4 4 6

1901.
£

5 ,0 5 1 ,3 0 7

D ifferen ce.
£

+ 2 8 9 ,1 3 9

P e r Ot

t-6’ 7

6,035—The F irst N ation al B ank o f B ottin eau . N orth D ak ota. C apital *
$25,0u0 W . H. M cIn tosh , P re sid e n t; F. W . Cathro, CashierC onversion o f M erchants’ B ank o f B ottin eau .
6.086— T he F irst N ation al B ank o f O quaw ka, Illin ois. C apital,
$50,000. R o b e r t M oir, P r e sid e n t; H a rry F . M cA llister,
Cashier.
6.087— The L e R o y N ation al B ank, L e R o y , N ew Y ork . C apital.
$100,000. B u tler W ard, P re sid e n t; W illiam C. D on n an ,
Cashier.
6.088— The L ake Charles N ational B ank, L ake Charles, L ouisian a.
Capital. $100,000. H a rd y O. G ill, P resid en t; W. A . G uille­
m et, Cashier.
6.089— The F irst N atlonallBank o f A lb a n y , Illinois. C apital, $ 2 5 ,0 0 0 .
Stacy B. D im ond, P r e s id e n t; C harles E . Peok, Cashier.
6.090— T he Standing Stone N ational B ank o f H un tin gdon , P en n syl­
van ia. C apital, $ 50,000. J oh n B rew ster, P resid en t; — —
-------- , Cashier.
6.091— The F irst N ational B ank o f A nson , T exas. C apital, $30,000.
R. R. 8hapard, P resid en t; C. H. Steele, Cashier.
6.092— The G oldth w atte N ational B ank, G old th w aite, T exas. C apital,
$25,000. W . E. M iller, P r e s i d e n t ------------------ , Cashier.
6.0 9 3 — T he F irst N ational B ank o f L aw ren oebu rg, T ennessee. C a p i­
tal, $30,000. D. B uch an an, President; Jas. T. D u n n , Cashier,
6.094— T he N ation al E x c h a n g e B an k o f C arthage, N ew Y ork . C apital,
$50,000. A . B lon Carter, P resident; Chas. J. R eeder, Cashier.
6.095— T he F irst N ation al B ank o f M arlon, N orth C arolina. C apital,
$25,000. W. A C onley, P residen t; G eorge 1. W hite, Cashier.
6.096— The F irst N ational B a r k o f M ansfield, Illinois. C apital, $ 2 5 ,000. W illiam D. F airbanks, P resid en t; Jam es O. L a n gley,
Cashier.
6.097— The F irst N ation al B ank o f C hinook, M ontana. C apital, $3 0 ,000. S teven C arver, P re sid en t; Chas. E , O w ens, Cashier.
C onversion o f B ank of C hinook.
6.098— The B arn esvllle N ational B ank, B arnesville, M innesota. Capi­
tal, $25,000. E . B. H a w v er, P resid en t; M. D. H a w v er,
Cashier. C onversion o f F arm ers’ and M ech anics’ State B an k
o f B arnesvllle.
6.099— The F irst N ation al B anks o f V olga, South D akota. C apital,
$25,000. G eorge M orehouse, P resident; O. W . Sm ith, Cashier.
6 .1 0 0 — The P aln tville N ational B ank, P ain tville, K en tu ck y. C apital,
$25,000. I. R . T urn er, P r e s id e n t :------------------ , Cashier.
6 .1 0 1 — T he F irst N ational Bank o f W averly, Kansas C apital, $25,000.
W illiam W allace, P resident; Charles N C onverse, Cashier.
6.1 0 2 — The F irst N ational B ank o f W hitm ire, South C arolina C apital,
$25,000. Wm. C olem an, P resident; J. K S R ay. Cashier.
6.1 0 3 — T he F irst N ation al B ank o f C olum bus, K ansas. C apital, $5 0 ,000. Thom as P. L a R u e,P resid en t; H en ry A . L aR ue, Cashier.
6.104— The N ational Suflolk Bank o f B oston , M assachusetts. C apital,
$1,500,000. O. M inot W eld, P re s id e n t; W illiam C. W illiam s,
Cashier.
6.1 0 5 — The A m erican N ational B ank o f W ayn esbu rg, P en n sylvan ia,
C apital, $'>0,000. T hom as A dam son, P resid en t; jT h om aa C.
B radley, Cashier.
6 .1 0 6 — Tue F irst N ational Bank o f Salisbury (P. O. E lk L ick), P e n n sy l­
vania. C apital, $50,000. J. L. B arohus, P resid en t; A lb e rt
R eitz, Cashier.
6.107— The F irst N ational B ank o f M em phis, T exas. C apital, $2 5 ,0 0 0 ,
D. B row der, P resid en t; S. S. M on tg om ery, Cashier.
6.108— T he F irst N ation al B ank o f W eatherly, Penney ivania, C apital,
$2,5000. E lm er W arner, P resid en t; Ira W B arnes, Cashier.
6 .1 0 9 — The F irst N ational Bank o f Sw issvale, P ennsylvania. C apital,
$50,000. N athaniel G reen , P re sid e n t; R oss W. D rum , Cash­
ier.
6.110— The First N ation al B ank o f M arianna, F lorida. C apital, $50,
000. W illiam J. D aniel, P resid en t; W illiam H. M ilton, C ash ­
ier.

460

THE CHRONICLE

[ V o l . LXXIV.

0,111

l'tid H om iosscy National Bank, Hennessey, Oklahom a Terri*
tory. Cap tai, $25,OuO. D. A. Espy, President; Geo. E. G il­
more, (Junklor.
0 ,112—1 lie First National Bank of El Gaurpo, T exas. Capital, #30,000.
lhoiuas J Poole, President; E r n e s t H . Kook, Cashier.
0,113- Ike Fuat National Bank o f Leger, Oklahom a T erritory. Cap­
ital. $25,000. J. A. Henry, P resident; Win C B aker,Cashier.
0 ,111—Ike Fuat National Bank ot P oin t Marlon, Pennsylvania Cap­
ital, $25 ooo. Elmer Cagey, P resident; W m .O F oley, Cashier.
6,115 Ike Citizens' National Bank o f Olsoo, T exas. Capital, $25.000. J. J. Butts, President; A . 11. Johnson, Caskier.
0,110 Ike First National Bank o f W averly, Illinois. Capital, $26,000. G eorge D Bradford, P resid en t; A. 0. Motfet, Caskier.
C onversion o f ike First Btate Bank o f W averly.
0,117—The Tow er City National Bank. T ow er City, Pennsylvania.
Capital, $25,000. O. M. Kaufm an, P residen t; Walter E.
Kahler Caskier.
0,118—The First National Bank of Lltoktlekl, Minnesota. Capital,
$ 5 l\0C0. P. E. Hanson, P residen t; E. O Hammer, Caskier.
Conversion o f the Meeker County Bank o f Litchfield.
0 ,1 1 9 - The First National Bank o f Carey, Ohio. Capital, $50,000,
W. W. Edwards, P resid en t; R. G. Spencer Jr., Caskier.
0,120—The First National Bank o f H illsboro, Kansas.
Capital, $25,000. E U Burkholder, P resid en t; S. L Arm strong, Cashier.
C onversion o f the Farm ers’ State Bank of H illsboro.
0,121—The Am erican National Bank o f Vioksburg, M ississippi.
Capital. $100,OoO. E dw ard S. Butts, P resident; W. Thom as
Rose, Cashier.
0,122—The Citizens’ National Bank o f W ashington, Iowa. Capital,
$50,000. Charles H. K eek, P resident; Frank R. Sage,

L IQ U I D A T I O N .

1,827—The National Hank of the Commonwealth of Boston, Massa­
chusetts, has gone Into voluntary liquidation by resolution
of its stockholders dated December 24, 1901, to take etfeot
Immediately.
2,635—The People’s National Bank of Pulaski, Tennessee, has gone
Into voluntary liquidation by resolution of Its stockholders
dated September 20, to take effeot December 31, 1901.
331—The First National Hank ot Lowell, Massachusetts, has gone
into voluntary liquidation by resolution of its stockholders
dated December 28 , 1901, to take effect January 4, 1902.
506—The Merchants’ National Bank of Lowell, Massachusetts, has
gone Into voluntary liquidation by resolution of Its stock­
holders dated December 28, 1901, to take effect January 4,
1902.
763 —The Railroad National Bank of Lowell.Massachusetts, has gone
into voluntary liquidation by resolution of Its stockholders
dated Deoember 2 8 , 1901, to take effeot January 4, 1902.
5,136—The People’s National Bank of Dover, New Jersey, has gone
Into voluntary liquidation by resolution of Its stockholders
dated December 2 e, to take effect Deoember 31, 1901.
848—The Davenport National Hank, Davenport. Iowa, has gone
Into voluntary liquidation by resolution of its stockholders
dated Deoember a, 1901, to take effeot Immediately.
1,045—The Merchants’ National Bank of Albany, New York, has gone
Into voluntary liquidation by resolution of its stockholders
dated January 20. 1902. to take effeot Immediately.
3,271—The Augusta Natloual Bank, Augusta, Maine, lias gone Into
voluntary liquidation by resolution of its stockholders dated
January 14, 1902, to take effeot Immediately.
6,123—Tazewell National Bank, T azew ell, Virginia. Capital, $60,000. 5,890—The First National Bank of Harrison, Arkansas, has gone into
voluntary liquidation by resolntlon of Its stockholders dated
Geo. W. Gillespie, P re sid e n t; W. T. Gillespie, Cashier.
Deoember 19, 1901, to take effeot Immediately
0 ,1 2 4 - The Firet National Bank o f W aubay, South Dakota. Capital,
460—The National Hide & Leather Bank of Boston. Massachusetts,
$25,000. Edwin K. Thom pson, President; ClarenceO. G uern­
has gone Into voluntary liquidation by resolution of Its share­
sey, Cashier.
holders dated January 27, 1902, to take effect Immediately.
6.126— The First National Bank o f C ollinsville, Illinois. Capital, $50,000. James H. Belt, President; H arold R. W oodcock, Cashier. 1,402—The First National Bank of Woonsocket, Rhode Island, has
one Into voluntary liquidation by resolution of Its stock6.126— The Fauquier National Bank o f W arrenton, V irginia. Capital,
olders dated Febrnary 0,1902, to take effeot Immediately.
$50.00o. E. D. W hite. President; C. E. Tiffany. Cashier.
6.127— The National Kittunnlng Bank, K ittanning, P ennsylvania. 1,291—The Albany City National Bank, of Albany, New York, has
gone
Into voluntary liquidation by resolution of its stock­
Capital, * 2 0 0 ,0 0 i. H enry A. C olw ell, President; W illiam
holders dated February 5, 1902, to take effect immediately.
P ollock, Cashier.
6.128— The Citizens National Bank o f Albert Lea, M innesota. C api­ 4,533—The Continental National Bank of Baltimore, Maryland, has
gone Into voluntary liquidation by resolution of Its stock­
tal. $50,000. C. A. R ansom , President; C. L. Swenson,
holders dated February 12, to take effeot at the close of busi­
ness February 15,1902.
6 .1 2 9 — The Traders’ National Bank o f Mt. Sterling. K entucky. Capital,
5,681—The First National Bank of Howe, Texas, has gone into volun­
$50,000. J. M. Blgstaff, President: Geo. W. Baird, Cashier.
tary liquidation by resolution of Its stockholders dated Janu­
6 .130— The First National Bank of Hugo, Indian T erritory. C apital,
ary 20, to take effect February 1,1902.
$25,000. Jno. J. Thom as, P resid en t; F. M. Sterrett Jr.,
5,761—The Citizens’ National Bank of Jacksboro, Texas, has gone Into
Cashier.
voluntary
liquidation by resolution of Its stockholders dated
6.131— The Union National Bank of M inersvllle. Pennsylvania. Capi­
Deoember 19,1901, to take effeot immediately.
tal, $50,000. A ndrew J. Craw ford, P resid en t; Charles E.
2,610—The Salamanca National Bank, Salamanca New York, has
Steel. Cashier.
gone Into voluntary liquidation by resolution of its stock­
0,132—The First National Bank, o f Orange City, Iow a. Capital, $25,holders dated January 14, to take effeot February 15,1902.
000. James F. T oy, P residen t; A. J. K uyper, Cashier.
6,133—F irst National Bank o f Ivesdale, Illinois. Capital, $25,000. 3,750—The Third National Bank of Piqua. Ohio, has gone Into volun­
tary liquidation •y resolution of Its stockholders dated Feb­
John N. Dighton, P re sid e n t; Jacob G. Chambers, V ice-P resi­
ruary 15,1902, to take effect Immediately.
den t; W. A. M iller, Cashier.

S

C O R P O R A T E E X IS T E N C E O F R A T IO N A L B A N K S E X T E N D E D .
EXPIRATION OF CHARTER.
2 ,0 3 0 —The F irst National Bank o f P endleton, O regon, u ntil close of
2,603—The corporate existence of The Manufacturers’ National Bank
business January 16, 1922.
of Neenah, Wisconsin, expired by limitation November 282,620—The Springfield National Bank, Springfield, Ohio, until close o f
1901.
business Jan uary 1 7 ,1 9 z2 .
2,600—Tbe
oorporate existence of The Manistee National Bank, Man,
2.632— The Citizens’ National Bank o f F rien dsh ip, New Y ork , until
istee,
Michigan, expired by limitation Deoember 3, 1901.
close o f business January 2 5 ,1 9 2 2 .
2.633— The F irst National Bank o f Baton R ouge, Louisiana, until close
RESUMPTION OF BUSINESS.
o f business Jan. 27, 1922.
2,644—The F irst National Bank o f N ew ton, Iow a, until close o f busi­
954—The First National Bank o f Ballston Spa, New York, whloh was
ness Jan. 3 0 ,1 9 2 2 .
plaoed in the hands of Edward J. Graham. Reoeiver, on Dec­
2 ,6 4 3 —The City N ational Bank o f South N orw alk, C onnecticut, until
ember 3. resumed business Deoember 19, 1901.
close o f business Jan. 3 1 ,1 9 2 2 .
2,118—The First National Bank of Austin, Texas, placed in charge of
2,707—The F irst N ational B ank |of D etroit, M ichigan, until c lo se o f
a receiver August 3,1901, was restored to solvency January
business Feb. 1 .1 9 2 2 .
2, 1902.
2,637—The First N ational Bank o f D nrango, C olorado, until close o f
business February 4 ,1 9 2 2 .
2,628—The Van W ert National Bank, V an W ert, Ohio, until close of
I mports and E x po rts fo b th e W e e k .—The following are
business F ebruary 8 ,1 9 2 2 .
2.634— The F ulton National Bank o f Lancaster, P ennsylvania, until the Imports at New York for the week ending for dry goods
close o f business Febrnary 8,1 9 2 2 .
2.648— The First National B ank o f M itchell, South D akota, until c lo se Feb. 20 and for the week ending for general merchandise
o f business February 8 .1 9 2 2 .
2,642—The Seaisport N ational Bank, Searsport, Maine, until close o f Feb. 21; also totals slnoe beginning first week January.
business February 1 4 ,1 9 2 2 .
FORBIQN IMPORTS.
2,647—The N ational E xchange Bank o f W aukesha, W isconsin, until
close of business February 14, 1922.
2 ,636—The First N ational Bank o f A ppleton City, M issouri, until close
1899.
1900.
F or week..
1901.
1902.
o f business Febrnary 15, 1922.
2 .649— The Citizens’ National Bank o f P arkersburg, W est V irginia,
$2,590,908
$2,882,943
D ry Goods—
13,313,946 $2,195,655
until close o f business F ebruary 16, 1922.
5,702,9.11
8,801,130
6,900,429
7,564,873
2,651—The F irst National Bank o f Rlohfleld Springs, N ew Y ork , until Gen’l mer’dlse
close o f business F ebrnary 1 6 ,1 9 2 2 .
Total....... $10,878,824 $9,096,034 $11,684,073 $8,293,819
2,661—The M illerton National Bank, MillertOD, N ew Y ork , until close
S in ce J a n . 1.
o f business February 18, 1922.
$22,517,732 $18,720,156 $23,325,285 $18,785,273
2 ,681—The Streator National Bank, Streator, Illinois, until close o f Dry Goods—
Gen’l mer’dlse 63,009,773 62,103,902 63,088,508 56,543,881
business F ebruary 2 2 ,1 9 2 2 .
2,667—The Sellersville N ational Bank, Sellersville, P ennsylvania,
Total 8 weeks $85,527,505 $80,824,058 $86,413,793 $75,329,154
until close o f business F ebruary 2 3 ,1 9 2 2 .

APPLICATIONS TO CONVEBT STATE BANK.

Approved January 6, 1902, to February 13, 1902.
Bank o f Y ukon, Oklahom a T erritory, into The F irst N ational Bank
o f Y ukon. Capital, $25,000. Blanks sent to D. W. H ogan, Y ukon,
Oklahom a Territory.
The Peoples Bank o f Springfield, Tennessee, in to P eoples N ational
Bank o f Springfield. Capital, $60,000. Blanks sent to H . T. Stratton,
Cashier.
The Bank o f Cashlon, Oklahom a T erritory, into The F irst N ational
Bank o f Casbion. Capital. $25,000. Blanks sent to S. W. H ogan ,
Cashlon. Oklahom a Territory.
The Citizens’ B ank o f Baker C ity, Oregon, into the Citizens’ N a ­
tion al Bank o f Baker City. Capital, $100,000. Blanks sent to D. W.
Frenoh, Baker City, Oregon.
The W hite R ook State Bank, W hite R ook, South Dakota, in to The
F irst National Bank o f W hite Rook. Capital, $25,000. Blanks sent
to W hite R ook State Bank.
The First State Bank o f F ort Hankinson, North D akota, in to The
First National Bank o f Hankinson, North Dakota. Capital, $30,000.
B lnnks sent to W. L. Carter, W ahpeton, North Dakota.
The R olette County Bank o f Holla, North Dakota, into the First
National Bank o f R olla. Capital, $26,000. Blanks sent to R olette
County Bank.
The P eople’s Bank o f D e Soto, M issouri, Into th e First N ational
Bank o f D e Soto. Capital, $50,000. Blanks sent to M. S. C ox w ell,
Cashier.
The E xchange B ank o f Roanoke, A labam a, into the First National
Bank o f R oanoke. Capital, $50,000. Blanks sent to Paul A. Bowden,
Cashier.
The Parksley Bank, Parksley, Virginia, into The P arksley N ational
Bank. Capital, $25,000. Blanks sent to Thom as B. Q u incy, A otln g
V ice President, The P arksley Bank, A coom ac, Virginia.

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
ipeoie) from the port of New York to foreign ports for the
week ending Feb. 24, and from January 1 to date.
EXPORTS FROM NEW YORK FOR THE WEEK.

1902.
For the week., $11,123,537
?rev. reported 64,207,089

1901.
$8,707,301
05,394,087

1900.
$9,313,517
72,591,650

1899
$7,179,610
67,810,729

Total 8 weeks $75,390,626 $74,101,308 $81,905,167 $74,490,339
Note .—As the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from,
the monthly totals, also compiled by the Custom House, we shall from
time to time adjust the totals by adding to or deducting from the
amount “ previously reported.’’

The following table shows the exports and Imports of
specie at the port of New York for the week ending Fob. 22
and sinoe Jan. 1, 1902, and for the corresponding periods tu
iflOl and 1800.

M arch

EXPORTS AND IMPORTS OP SPECIE AT HEW YORK.

Exports,
Gold.

W eek.

Great B ritain .F ran ce..............
G erm any..........
West In d ies___
M e x ic o .............
South Am erica
All other countries.

$142,250
4,273,818
1,586,104
230,114

$7,131
150
274,515

Total 1802.......
T otal 1901.......
Total 1900.......

Im p o rts.

S in c e J a n . 1.

W eek.

30,000

8,100

$6,269,881
8,304,219
6,277,383

$154,402
155,135
32,118

$281,320
492, a l l
712,796

Total 1902.
Total 1901.
Total 1900.

Im p o rts.

Since Jan. 1.

W eek.

1.

15
25,459
5,972
198,991
50,889

E x p o r ts.

Silver.

S in ce J a n .

2,215
3,052
149,135

3,031
4,100

Great Britain..........
France......................
Germany..................
West Indies..............
M exico......................
South A m erica .......
All other countries.

W eek.

S in ce J a n .

1.

$678,335

$5,835,806
503,243

3,000

28,416
9,011
700
1,000

215
5,817
49,740

11,968
59,137
100,204
7,580

<¥681,335
1,063,195
1,129,975

$6,378,176
7.957,582
7.498,702

$55,772

$178,889
444,778
573,554

•-

93,864

Of the above imports for the week in 1902, $1,500 were
American gold coin and $1,628 American silver coin. Of the
exports during the same time $6,000 were American gold
coin and $8,000 were American silver coin.

New York City Clearing House Banks.—Statement of
condition for the week ending Feb. 21, based on average of
daily results. W e om it two ciphers ( 0 0 ) in all cases ,
BANKS.

Capital. S u rplu s.

Bank of N. Y — . 2,000,0 2,218,1
Manhattan Co... 2.050.0 2.106.4
Merchants*........ 2,000,0 1.176.4
2,000,0 2.394.8
Mechanics1...
1.500.0 8.177.5
America.........
1,000,0
273.5
Phenix...........
C ity............... . 10,000,0 6.603.3
300.0 7.047.7
Chemical...........
261.5
600.0
Merchants’ E x..
Gallatin.............. 1,000,0 2.004.6
68,8
300.0
Butch.& Drov’ s’
130,4
Mech. A Traders1 400.0
175.8
200.0
Greenwich.........
517.3
600,0
Leather M’f ’rs..
18,5
Seventh Nation’l 1.700.0
American Exoh. 5.000. 0 3.378.4
Commerce.......... 10,000,0 7.155.7
1.000. 1.638.3
0
Broadway.......
1,000,0 1.386.5
M ercantile....
519.6
422,7
Paoific........... .
997.2
450.0
Chatham.........
353.6
200.0
People’s......... .
North Ajnerioa.. 2,000,0 2,100,0
0
Hanover............. 3.000. 5,641,2
491.8
500.0
Ir v in g ........... .
800.7
1.550.0
Citizens’ ........ .
289.4
500.0
Nassau...........
900.0 1.038.5
Market <kFulton
Shoe A Leather. 1.000. 0 228.2
Corn Exchange. 1.400.0 1.852.0
415.4
300.0
Oriental.............
Imp’t’rs’A Trad, 1.500.0 6.224.9
P ark.................. 2,000,0 4.080.0
163.0
250.0
East River........
Fourth............... 8,000,0 2.615.5
601.7
Central.............. 1,000,0
300.0 1.052.0
Second............
First................ 10,000,0 11,354,4
336.9
500.0
N.Y. Nat’lE xch.
759.9
250.0
Bowery..............
598.4
200.0
N. Y. County....
416.8
750.0
German A m erl..
Chase.................. 1,000,0 2.688.0
100.0 1,424,1
Filth A ven u e...
586.7
200,0
German E xeh ...
836,3
200,0
Germania..........
Lincoln...............
300.0 1.037.9
Garfield.............. 1,000,0 1.204.8
375.7
F ilth...................
200.0
800,0 1.153.7
Bank ol Metrop.
451.0
200,0
West Side..........
500.0 1.037.4
Seaboard............
Western............. 2.100.0 2.548.5
540.7
300.0
.1st Nat., B’klyn.
776.7
Liberty..........
500.0
420.8
N. Y. Prod. E x .. 1,000,0
669.8
250.0
New Amsterdam
430.0
Astor..................
850.0
382.5
500.0
Hide A Leather.
Total

L o a n s.
9

20.805.0
21.362.0
13.960.4
13.949.0
22.937.6
4.838.0
122,145,2
25.436.8
5.330.3
9.415.1
1.320.1
2.943.0
895,9
4.203.5
5.693.1
30.400.0
82.120.7
7.332.1
15.288.1
3.057.2
6.055.2
2.139.6
16.969.0
55.294.2
4.394.0
6.886.4
2.616.4
6.641.4
3.980.2
23.085.0
2.057.0
23.720.0
50.331.4
1.210.0

23.696.9
10.906.0
9.486.0
87.239.7
4.724.6
2.804.0
3.745.7
3.387,9
41.954.2
9.407.7
2.241.0
3.182.3
11.106.9
7,488,6
2.120.4
7,000,9
2.709.0
13.079.0
41.390.3
4.104.0
0,998,9
4.202.4
7.609.0
4.203.0
2.909.8

S p ecie.
9

3.703.0
0,138,0
3.044.6
3.451.0
3.635.1
1.174.0
29,590,4
3.872.4
941.6
994.6
343.8
408.0
200.0

tie D ep o s its serve

L egale.
$

1.652.0
2.092.0
1.570.5
1.124.0
2.903.1
287.0
7.081.1
2.298.6
593.6
905,5
81,4
310.0
155.2
231.2
181.4
1,628,0
7.748.4
424.2
1.803.7
421.7
808.3
433.5
1.405.1
5.035.5
495.0
331.7
468.5
744.8
151.7
1.960.0
255.9
1.198.0
4,153.9
198.7
2.208.2
919.0
1.129.0
1.605.4
360.0
304.0
880.0
272,1
2.018.1
200.4
916.8
588.8

755.9
1,104,8
5.104.0
8.820.0
1.509.2
2.090.6
338.4
706.0
253.9
2,943,1
12.333.3
734.0
1.074.6
332.9
1.093.7
1.193.0
4.757.0
184.7
4.111.0
18,300,9
205,2
5.432.5
1.914.0
1.524.0
18,925,0
830.1
426.0
764.0
593.4
11.370.4
2.510.1
218.0
412.7
1.364.6 2,001,0
1,648,4
314.8
159.3
510.2
417.8
1.013.8
340.0
451.0
2.980.0 1,508,0
10,498,3 2.892.5
726.0
477.0
426.0
1.440.8
301.4
672.4
1.432.0
087.8
914.0
258.0
112.0
489.3

n

9

21.460.0
20.395.0
18.859.4
15.512.0
26.204.8
,4 ,8 0 8 ,0
138,513,3
24.513.8
5,807,9
7,558,4
1.583.1
3.334.0
905,7
3.977.8
5.214.0
24.935.0
74.017.2
6.978.2
16.182.5
3.740.9
0,100,9
2.060.3
16.053.5
05.270.5
4.650.0
5.922.2
3.174.4
7,100,7
4.724.3
27.951.0
1.930.0
21.032.0
08.182.2
1.380.4
27,788,2
13.123.0
10.395.0
85.320.7
4.585.0
3.177.0
4.492.1
8.327.0
50.911.9
10.579.8
3.305.9
4.909.2
13.008.0
7.649.1
2.357.2
8.032.3
3.015.0
10.051.0
49.481.5
4.388.0
7.044.5
4.006.1
8.776.9
4,360,0
2.289.5

P. C.
24*9
31*1
27*3
20-4
25*1
304
20*4
25*1
20*4
25*1
20*8

21'5
39*8
24*8
24*0
27*1
22*3
27*7
24*0
20 3
24*8
25 7
201

27*5
26*4
23*7
24*9
25*8
28'4
24*5

220

24*5
32*9
28*2
27 7
21*5
26 5
23*9

20*2

22 9
25*4
26 0
20 2

25 0
84*3
20’3
20*3
25 0
28 0
23 5
28*4
20 9
*27 4
20 4
25*4
24T
20'H
2e 2

New York City, Boston & Philadelphia Banks.—Belov
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the non.
member banks.

*

9

184,588,4
180,682,7
184,842,3
184,842,3

L o a n s.

Specie.

Legale.

9

9

9

880,531,7
918,500,0
932,004.7
930,757,0

88,715,8 170.878,0
88,715.8 177,445,0
88,715,8 177,410.0

Oirc'Vn.

Clearings.

9

$

31.305.2
81,301,7
31,234,1
31.174.3

13760890
14540440
12711282
11186588

7,008,0 223.322.0 5.207.0 154.480.0
7,720,0 220.473.0 5.300.0 132.153.0
7,521,0 219.220.0 6.884.0 100.381.0

62,901,0
53,114,0
63 250,0

We om it tw o ciphers in all these figures.
B oston an d

D ep osited

1028152 77,807,4 075,§97,0
1930887 75,028,0 10000819
1045564 72,826,2 10152790
1048980 72,420,3 10194742

52,081,0 180/253.0 15,527,0
52,001,0 185,580.0 15,084,0
52,001,0 184,908,0 15,408.0

+ I n o i o O n u tor

We om it two ciphers f 00) in all cases.
BANKS.
(OGi omitted.)

202.470.0 9.780.0 100,050,9
204.024.0 0,786,0 100,105,7
205.172.0 0.804.0 88.530 5

Philadelphia t h e Item ' doe to other banks.”

plu s.

Lea. T. D e p o s it.w ith
N et
In v est­ Specie. A B k. Olear'g Other Deposits
m en ts.
j N otes. A gen t. JIks.Ac

1
148,4
228,1
130,7
82,9
27,9
102,5
70,5
107,3
151,0
210,7
129,1
318,0
55,0
70,5
300,2
231,1
32,9
94,0
59,3
55,3
01,3
98,2
200,0

1015,9
2072,0
1171,1
1281,7
1843,7
1770,3
2329,7
1353,0
1670,1
2405,0
1075,2
4504,0
1411,0
900,8
2242,0
1235,0
007,0
492,1
713,9
1094,9
200,9
328,0
1577,2

127,0
180,2
100,6
33,2
77,4
62,2
405,7
359,8
27,1
047,5
582,4
144,8
126,1
78,6
248,8
66,8
63,8
61,2

1175,4
1088,1
1030,8
350,1
057,9
017,0
2454,4
3632,8
042,9
3710,0
2704,0
799,0
1,030,0
500,5
1095,5
400,4
049,9
739,9

08,4
88,4

501,8
725,3

Cap4- S u r- tjoans A
ta l.

Niw

Y o r k Ci t y .
B orouah o f
M a n h a tta n ,

*
100,0
300,0
Columbia....... .
Eleventh W ard.,.. 100,0
Fourteenth Street. 100,0
Gansevoort..... .... 200,0
200,0
Hamilton....... .
Mount Morris........ 250,0
Mutual................... 200,0
Nineteenth W ard.. 200,0
100,0
Plaza.................
Riverside.............. 100,0
state....................... 100,0
Twelfth W ard...... 200,0
Twenty-third W ’d. 100,0
Union square........ 200,0
forkville................ 100,0
Washington........... 100,0
Fidelity — . . . ... 200,0
V arick................... 100,0
J eflerson............... 200,0
C en tu ry...—.......... 100,0
Wash’gtonHeights 100,0
U nited N atlonal... 1000,0
Boro’h o f B rook lyn .
Bedford.................. 150,0
Broadway.............. 100,0
Brooklyn................ 300f0
Eighth Ward......... 100,0
Fifth Avenue........ 100,0
B^ngs County........ 150,0
Manufaot’rs’ Nat’l. 252,0
Mechanics............. 500,0
Merchants’ ............ 100,0
Nassau National.. 300,0
National City........ 300,0
North Side............. 100,0
100,0
Peoples...........
seventeenth Ward 100,0
200,0
Sprague National..
Twenty-sixth W ’d. 100,0
100,0
Union............. .
Wallabout............ . 100,0
B orough o f
R ichm ond .

Bank of Staten I si
1st Nat.,Staten Isl
Other C ities.

1st Nat., Jer. City.
Hud. Co. Nat., J.’O.
2d Nat., Jer. d ity ..
3d Nat., Jer. City..
1st Nat., Hoboken.
2d Nat., Hoboken.

*

1

147.7
112,0
09.2
61,8
70,0
80,0
05,4
118,9
182,8
125,0
87,7
173.0
184,0
94,1
300,5
131.3
45,0
34,0
71,2
00,5
10,1
7,4
129,0

90,4
10,4
25,6 102,2
71,4
39,1
12,5
25,3
20,1
31,5
27,6
20,2
375,0 216,0
194,4 206,8
54,8
7,4
182,0 290.0
131,0 300,0
40,5
9,7
70,1
37,6
37,9
10,4
96,8 ' 0,0
26,4
12,9
55,3
27,6
22,7
28,2
18,5
33,0

20,3
20,0

400,0 942,0 4787,0 208,8
250,0 608,5 2851,8 81,0
250,0 308,0 1167,6 80,9
48,2
2 0 0 ,0 243,0 1179,1
110,0 482,7 2378,7 120,7
125,0 110,0 830,1 25,7

293,0
80,8
14.8
72,0
29,5
20,1

25,0
100,0

4
t
1
220,3
2090,0
101.0
3,6 2721,0
170,3
25,0 1881,8
1818,7
170.3
84.8
23,4 1416,0
184,0
5,0 1848,1
62,0 2810,0
154,3
109,9 300,8 1026,3
201,1
5,1 1740,2
2765,0
823,0
1130,4
82,3
50,0 270,0 6105,0
1744,0
135,0
80,5
48,0 1077,8
2700,0
203,9
210,4
5,6 1351,0
04,5
072,7
15.3
40,6
447,8
131,8
777,8
4
113,1
3 1002,7
20,1
150,2
40,1
.... 187,9
40,4
779,6
....

%

68,1
141, n
07,5
68,0
15,8
106,0
150,8
22,8
22/2
03,0
18,5
347,0
38,0
47,7
48,9
43,3
10,8
8,9
2,9
7,0
4,1
6.0
74,8

134,6 250,7
182,7
241,3
6,1
38,3
1*0
59,9
10,0
09,5
95,0
475,8
184,4
20,6
90,8
....
535,0
30,0
423,0 104,0
60,1 132,0
214,0
78,4
59,0
38,4
179,8
14,4
99,4
3.4
60,7
38,0
37,0
30,0
89,5
138,3

11,0

....

1441,8
1825,4
1121,3
320,9
601,2
099,5
3109,4
4094,4
705,5
4135,0
3140,0
810,4
1282,2
407,1
911,0
617,8
702,2
707,2
624.0
730,5

1309,0 937,1 6324,0
120,3
55,8 1903,5
273,1
10,0 1173,9
392,5
30,9 1353,8
150,8
13,4 2153.4
898,0
78,8
17,5

Totals Feb. 21—8962,0 9403.9 72322,0 3304,4 4530,2 8950,9 2702,8 78737,3
Totals Feb. 15.. 8902,0 9403,9 72549,0 3274,9 4587,0 8841,0 2954,4 79099,5
Totals Feb. 8.. 8902,0 9403,9 72173,9 3255,3 4178,5 9019,1 2722,4 78740,3

Auction Sales —Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction.
By Messrs, Adrian H. Muller & Son:
S to ck s.
Stocks.
10 M anattan Co. B an k ......327
30 Gallatin Nat. B an k ___ 4393*
5 M ercantile Nat. B a n k ...296
20 N. Y . Sec. & Trust C o .. 1350
25 P h en ix Nat. B an k ......... 112%
5 Central Trust C o ...........1030%
Bonds.
40 M orton Trust C o .......... 1075
$16,000 B’klyn C ity B ridge
250 Am erican 8urety Co ...1 6 2
4s, 1925, J & J . ...........112% & int
1 0 N . Y. Nat. E xch. B a n k ..230
$2,000 Col. & Tol. R R . Co.7s,
18 B k .of N. Y , N.B. A .330 345
1905, F & A .............................109%
12 Law yers’ Title Ins. C o ..33638
$4,000 Judge Co. Class A 4s,
50 North Am er. Trust Co . 260
1909, J & D .............................. 37%
50 Trust Co. o f Am er.265 % 266
$6,000 City o f Savannah,
50 Celluloid Co...................... 112
Ga., 5s, 1909, Q F ............... 107
10 N ational City B an k ........ 600
$5,000 Consol. Water Co. o f
50 G. A . Fuller C o., p r e f .... 95
U tica, N.Y., 1st 5s,’ 30,J & J .100
20 M ount Morri6 B an k ....... 232%
$1,000 Indianapolis Gas Co.
20 Nat. Bk. o f Comm’ e.350-351
1st 6s. 1920, M & N ...............101%
30 Nat. Park B a n k .. .645% -646
$3,000 C ity ot G alveston 5s,
25 M arket &Fu1t’ n N at.Bk.257
1931, J&J; Jan., 1902,
100 Nat. Citizens’ B k ..223% 224
cou pon s o n ............................. 63%
50 U. 8. Mort. & Trust C o ..475

^ a u k i u q

a n d

S p <e n c e r

^ f i n a n c ia l .

T r a s k

&

C

o .,

B A N K E R S ,
NEW YO RK
T r a n s a c t a g e n e r a l b a n k in g b u s in e s s ; a c t a s F is c a l
A g e n ts fo r c o r p o r a t io n s , a n d n e g o t ia t e s e c u r ity
i s s u e s o f r a il r o a d s a n d o t h e r c o m p a n i e s . E x e c u t e
c o m m i s s i o n o r d e r s a n d d e a l in

2 7 Sc 2 9 P I N E S T R E E T ,

IN V E S T M E N T

S E C U R IT IE S -

Members N. V. 8tock Exchange.

Branch Office. 6 State St., Albany

G eo r g e B a r c l a y M o f f a t .
M

C a p ita l A

N, Y.*
Feb. 1..
M 8.
“
15..
“ 22..
B o»/
Feb. 0..
"
15..
" 22..
P h lla ,*
Feb. 8..
M 16..
“ 22,.

Beports o f Non Member Banks.—The following is the
•tatement of condition of the non-member banks for the
week ending Feb. 21, based on averages of the daily result*

20 0

83 6^2.^11012198 986.757 0 ‘>848989 72.420 3110194742

BA2T1T0. S u rplu s.

401

THE CHRONICLE.

1, 1902.]

o

f

f

a

A l e x a n d e r M. W h it e J r .
&

t

W

h

i

t

e

,

B A N K E R S ,

Members New York Stock Exchange,
N o . 1 N A S S A U ’S T R E E T ,

-

IN V E S T M E N T
T r a c y

CHICAGO.

6c

C

NEW

YO R K ,

S E C U R IT IE S .
o .,

B a n k e r s ,

No. 4 0 W a l l Street* N E W Y O R K .
Connected by private wire.
MILWAUKEE.

D e a le r s

In

I llg li G r a d e

B on d s.

L ist o f C u rren t In vestm en t O ferin g s sen t on A p p lica tio n .

Uomhflr. \ New York Stock HJxchange.
Memoer* j ^hl0#^ 0 ^tQOk jflXChanKW

C om m leelon O rtlere
E x e cu te d lu a ll m a r k e t s .

THE

4(52

Xtnukevs’

<&uzttfce*

II I V 1 U E M

K u llr v u it s (H teajtt)C h ica g o <fc East. tils., pref. ( q u a r .) .......
DelawaTb
H ud sou ( q u a r ) ...........
U ivaiisvillti
T e r r e H a u te, c o m ...........
S tr e e t K a ilw a y s .
D e tr o it U n ited R y ."(q u a r I......................
P r e s id io & F a rriee, San F rau, (m th ly )

T r u s t C o m p u u le s .
P e o p le ’s, B ro o k ly n (m o n t h ly ).................
M is c e lla n e o u s .
A la b a m a C on sol. C. A 1 . p re f (q u a r .).
A m e r ic a n G ra ss T w in e ( q u s r .) ...............
C o lo u ib u s (O .) G as L. & H eat, c o m ___
C o n tin e n ta l T o b a c c o , com . (q u a r .)........
do
do
pret. (q u a r .)........
I n te r n a tio n a l P a p er, pret. (q u a r ) .......
I n te r n a tio n a l s ilv e r , pret. (q u a r .).........
P it ts b u r g B r e w in g , com . (q u a r .).........
do
do
pret. (q u a r .)...........
Q u a k e r O ats C o., p re f. (q u a r .).................
R e p u b lio I r o n dfc S teel, pret. (q u a r .)__
U n ited S ta tes L ea th er, p re f. (q u a r .)...
W e s t in g h o u s e E leo. & M fg ., p f (q u .)..

1*0 A pr

D ook s C losed.
(D a y s I n c lu s iv e .)

1 M ar 13
16 F eb 27

I ’l Mur
2 Apr

10

2*4

31 M a r 16

.......... .

1 M ar 21
1 Apr
21) 0 . F eb 15
1 M ar 30 M ar 21
1

M ar

1S4 M ar
1*4 A p r
•1 M ar
2
Apr
Id; A p r
1*0 A p r
1 Apr
1 F eb
1*4 F e b
1*0 F e b
134 A p r
I *9 A p r
134 A p r

M ar 1 a
M ar 16

to
to
to
to

A pr

1

to

1 H o ld e r s o f re c. F e b 28
to
1 F e b 28
to
1 M ar 16
15 H o ld e rs o f reo.
to
2 M ar 16
to
2 M a r 16
to
1 M a r 16
to
1 M ar 2
to
20 F eb 14
to
20 F e b 14
25 H old ers o f reo.
to
1 M a r 16
to
1 M a r 16
to
1 M a r 16

M ar 2
Apr 1
M ar 3
Apr 2
Apr 2
M a r 31
A pr 1
F e b 20
F eb 20
F e b 15
M a r 31
Apr 1
Apr 1

W A L L S T t t E E T , K t t l U A V , F E B . 'i S . 1 9 0 2 . - 5 P . M .

T h e M oney M ark et and F in a n c in l S itu a tio n .— The m ost
p rom in en t ch a ra cte ristic o f the stock m a rk et this w eek has
been a n eg lect o f the usually a ctiv e m a rk et leaders and the
p rom in en ce o f several h ith erto in a ctiv e issues. There has
been rela tiv ely little d o in g in the coa l stocks, the grangers,
and the trunk line shares, as w ell as in nearly all the local
tran sportation and in d u strial issues. A s a partial offset to
this there has been an unusual dem and fo r an oth er class o f
stock s m en tion ed m ore sp ecifica lly fu rth er on in this co l
uran. E vid en tly the p u b lic is n ot in the m ark et, and bu t
fo r the dem an d alluded to extrem e dulness w ould have pro
vailed. M oreover the m arket fo r ra ilw a y bonds has been
less a ctiv e than o f late. No d ou b t the festivities in cid e n t
to the presence am on g us o f P rin ce H en ry o f Prussia has
had a som ew hat d istra ctin g in flu ence, and the con d ition s
that have led to a renew al o f gold exports m ay have had a
ten d en cy to restrict operations. F urtherm ore th e surprise
and effect noted last w eek as a result o f legal p roceed in gs
in stitu ted at W ash in gton against the N orthern Securities
C om pany have n ot passed. F rom w h a tever cause, business
in the secu rity m arkets has been gen erally dull and narrow .
G old shipm ents am ou n t to §§,500,000. '1 he m on ey m arket
rem ains easy s t p ra ctica lly u n ch a n g ed rates.
The open m arket rates for call loans on the S tock E xch an ge
d u rin g the w eek on sto ck and bond collaterals have ranged
from 2 to 2% per cen t. T o-d a y’s rates on ca ll 2 to 2% per
cen t. P rim e com m e rcia l paper qu oted at 4@ 4% per cen t.
The B ank o f E ngland w eek ly statem en t on T hu rsday
sh ow ed an increase in bu llion o f £342,489, and th e p ercen t­
age o f reserve to liabilities was 45’04, against 47*18 last
w eek ; the d iscou n t rate rem ains u n ch a n g ed at 3 per cen t.
The B ank o f F rance show s an increase o f 4,975,000 fra n cs
in gold and a decrease o f 975,000 fran cs in silver.
The N ew Y ork C ity C learing-H ouse banks in th eir state­
m ent o f Feb. 22 show ed a decrease in the reserve held o f
§55,400 and a surplus over the required reserve o f
$12,456,650. again st 813.560,850 th e previous w eek.
1902
Feb. 22

Differences
from
previous week

1901
Feb. 23

$
$
$
Capital.................
83,622,700
74,222,700
Surplus............... 101,219,000
92,257,600
Loans <fc discounts 936,757,600 Ino 4,762,900 911,800,900
Circulation...........
59,800
31.174.300 Deo
31,225.000
Net deposits........ 1,019,474,200 Ino 4,195,200 1,009,186 900
Specie.................. 194,898.900 Ino
343,500 192,953,300
Legal tenders......
72.426.300 Deo
73,890,100
398,900

[V o l .

LXXIV,

bu yin g 75c. d iscou n t, sellin g 75o. prem iu m ; C harleston,
bu yin g 1-16 d iscou n t, selling 1-10 p re m iu m : N ew Orleans,
bank. $1 00 prem ium ; com m ercia l, par; C hicago, 30c. d is­
cou nt; St. Louis, par; San F rancisco, 12%o, per §100 prem ium .

il

Wh, &n
Per
Cent P a ya b le

N a m e o f C om p a n y.

CHRONICLE

1900
Feb. 24
$
68,422,700
80,980,200
745,455,100
17,971,500
826,866.600
162,684,900
63,710,300

U nited States B onds.— Sales o f G overn m en t bonds at the
Board have been lim ited to §1,000 3s, cou p ., at 109. The
fo llo w in g are the daily closin g qu otations ; fo r yea rly range
see third page fo llow in g .
Interest
Periods
2a, 1030........... registered Q—Jan

1030................ coupon
1030 .smaJ.registered
1030 .small__ coupon
1018.......... registered
8s. 1018................ coupon
8s, 1018, small,registered
8s, 1018, smaU__ coupon
is , 1007...........registered
4s, 1007................ coupon
4s, 1025........... registered
is , 1026................ coupon
6s, 1004...........registered

‘is,
2s,
2s,
3»,

Q —J an

F eb.

22

F eb .

24

F eb.

25

Feb.

28

*109 *100 *109
*100 *100 *109
....... ........ ........
*i 08 *a *i'0834 *i08*<
*1084 *10834 109

Feb.

27

Feb.
28

*109 *x084
*109 *109
........ ........
*108*4 n o e "
*10834 *109

Q—Feb
Q —Feb
Q —Feb
w
Q—Feb
hI *1084 *108*4 *106% *i08»4
Q—Jan
o *112*8 *112*8 *112*8 *112 4
Q —Jan
*8 *112*8 *1124 *1124
W *112
*1304 *130*8 ‘ 139*« *139*4
Q—Feb
q —Feb
*1304 *139 >8 *1394 *139*4
q —Feb
*1064 *1064 *1064 *1004
6 s. 1004................ donjon q -F e b
*1004 *1064 *106 4 *1064
•This is tbe prloe bid at the morning board; no sale was made.

*109"

•ill*.

‘ 1124
-130*4
*139*4
*1064
*1064

State and R a ilr o a d B on d s.— Sales o f State bonds at the
Board in clud e $1,000 A la b a m a class C at 102%, $1,000 V ir ­
ginia fu n d, d ebt 2-3s at 98% and $25,000 V irg in ia deferred
trust receipts at 8% to 8% .
The m arket for railw ay bonds has, w ith a few n otable e x ­
ceptions, been unusually dull and featureless. The e x ce p ­
tions were D etroit M ackin ac & M arquette land gran t 3% s,
Standard R ope & i wine issues and W abash deben tu re Bs.
The latter a d van ced 3% poin ts on tran sactions th at have
rarely been e x ceed ed m volu m e. T hey su bsequ ently d e ­
clin ed, clo sin g w ith a n et gain o f 1% points. The D. M. &
M. issue m en tion ed sold up to 54 on T uesday, an ad van ce o f
nearly 9 points from last w e e k ’s closin g price. Later th ey
lost abou t h a lf th e gain. S tandard R ope & T w ine 6s w hen
at the h ighest show ed a g a in o f 4% points and the In com es
over a poin t. O therw ise n et ch anges in the a ctiv e list are
gen erally lim ited to fra ctio n s o f a poin t.
S to ck and B ond S ales.— T he d aily and w eek ly record o f
stock and bon d sales at the various sto ck E xch an ges, fo r ­
m erly g iv en on this page, has been tran sferred to a place by
itself. It w ill be fou n d to-d a y on page 471.
R a ilr o a d and M isce lla n e o u s S to ck s.—T he tran saction s
have been lim ited in those issues w h ich usually are leaders
o f the stock m arket, and as a result the total volu m e o f
business has been sm all. A m o n g the p rom in en t features
w ere C h icago & Eastern Illinois, E vansville & Terre H au te,
C olorado & S outhern, Ft. W o r th & D enver C ity, St. Joseph &
G rand Island, D u luth S outh Shore & A tla n tic and M inne­
apolis St. Paul & Sault Ste. Marie issues, The ad van ce in
these stock s ranged fro m 2% to n early 9 points. There
w ere other stock s o f the same general class th at w ere less
p rom in en t h u t show ed substantial stren gth , in clu d in g Des
M oines & F ort D od ge, Iow a Central, K ansas C ity Fort
S cott & M em phis, K ansas C ity Southern and D en ver & R io
G rande, K in g ston & P em b rok e also cam e in to prom inen ce
w ith an a d va n ce o f nearly 4 points. B rooklyn R apid T ran­
sit was the stron g featu re o f the loca l tran sportation grou p.
On the oth er hand, M issouri P a cific, U nion P a cific and
C h icago & A lto n declin ed , and the entire m arket show ed a
te n d e n cy to w eakness to day.
The m iscellaneous list as a w h ole was steady to strong.
G eneral E le ctric a d va n ced 8 points and W estingh ou se 6
points, on an aggressive dem and.
A m algam ated C opper
advan ced 2 points.
A m erica n Sugar R efin in g and th e
U n ited States Steel issues have been rela tively steady.

O u tsid e M a rk et.— A part from the cop p er stocks, w h ich
have been qu ite liv ely , only a m oderate am ou n t o f business
has been done on the cu rb this w eek. P rices, h ow ever, have
been steady and in m ost cases w ith an u pw ard ten d en cy .
The d ecision o f the U . S. Suprem e C ourt on M on day in the
Reserve held........ 267,325,200 Deo
55,400 266,843.400 226,395,200 N orthern Securities case did n ot m aterially a ffect the
Legal reserve...... 254,808,550 Ino 1,048,800 262,296,725 206.716,650 m arket. T he stock itself advan ced early in the da)’ to 104%
(its close last F riday was at 102% ), and a fter the decision
12,456.050 Deo 1,104,200
Surplus reserve
14,546,675
19,678,550
was m ade k n ow n it reacted to 103%. L ater in the w eek it
N o n .-B e tu m s of separate banks appear on page 461.
dropped to 101%, b u t sold up again to-da y to 103. D om inion
S ecurities and H acken sack M eadow s have con tin u ed to ad ­
F o re ig n E xch a n g e.— The m arket fo r foreig n ex ch a n g e has
va n ce, the form er rea ch in g 106% and the latter 63%. a gain
been stron g th rou g h ou t th e w eek on a g ood d em an d and
o f 3% and 1% resp ectively as com p ared w ith last F rid ay’s
a lim ited su pply o f bills.
clo sin g figure. A m erican Can stocks have n ot been as act ive
T o-d ay’s actual rates o f exch an ge w ere as fo llo w s; B ankers’
six ty days’ sterlin g, 4 85% @ 4 8 5 % ; dem and, 4 S 7 % @ 4 87%; as last w eek and close at 15% fo r com m o n and 58% for pre­
ferred, against 16% and 57% last F riday. N orfolk ct W e s t­
cables, 4 88 % @ 4 88%; prim e com m ercia l, sixty days, 4 84% (d>
ern 4s have been steady around 94. The n ew M etropolitan
4 85; d ocu m en tary com m ercia l, sixty days, 4 84% @ 4 85%;
grain for paym ent, 4 85% @ 4 85,%; co tto n for p a ym en t, S ecurities stock has been dull at 183@126. Storage Power
rose fro m 8 % to 9% , closin g at 9% . N. Y . T ransportation,
4 84% @ 4 84% ; cotto n for a cce p ta n ce , 4 84% @ 4 85.
th ou gh q u iet, advan ced from 13% to 13%. A few lots of
Posted rates o f lead in g bankers fo llo w :
A m erica n T o b a cco ch a n g ed hands at 248@255. to-day s price
bein g 250. Corn P roducts shares have been firm at 3,\«i 35%
F e b r u a r y 28
Sixty Days
Demand
fo r com m on and S4(«85% for p referred. The dem and for
Prime bankers’ sterling bills on London. 4 8 5 4 @4 86
4 88
®4 884
copper stocks caused n early all o f these shares to rise, Brit
Prime commercial.........................
4 84\ '®4 86
Documentary commercial..................... 4 84 4 @4 86*4
ish C olu m bia rose from 8 to 8% , Adam s from 57 to 58, T nion
Paris bankers’ (Francs)........................... 5 184 ®5 1 7 V 5 1 5 V ®5 16*8
from 3 to 4, M ontreal & B oston from 8% to 8 %; Tennessee
Amsterdam (guilders) bankers................. 30>i*ifl® 40
40 4 tt> 40»i«
advanced from 1-1 to 15%. but closed at 15%, and W lute
Frankfort or Bremen (relohm’ks) bankers 96
@ 95*ie
96*18 @ 0638
K n ob was particularly strong, g o in g up to 94 from 17%;
* Less h*.
Greene C onsolidated, on the other band, declined from 71
The fo llo w in g w ere the rates o f d om estic ex ch a n g e on to 19%, closiu g at 20.
N ew Y ork at the u n d er-m en tion ed oities to-d a y : S a va n n a h ,
Quotations w ill be found on page 471.

New York Stock Exchange—-Stock Record, Daily, Weekly and Yearly
O C C U P Y IN G

TW O

S T O C K S —H I G H E S T A N D L O W E S T S A L E P R I C E S
S a tu rd a y
F eb. 22

M on d a y
Feb. 2-1

T u esd a y
Feb. 2 5

W ed n esd a y
Feb. 2 6

37

37
66%
65% 65 %
75 *8 75% 75 % 70 *4
1)7 9718 9 6 % 97 %
102% 104% 103% 104%
94
*03% 94%
94
62
65 %
61% 6 ‘2

66

0 0 % 08
7 5 % 76%
9 0 % 97%
103% 104%
* 9 3 % 94*8
64
65
*112 120 *112 120
*112 1 1 0
*140 144
*139 144
*140 144
M U ) 160
*110 160 8 150 150
114*4 11476 114*2 115% 1 1 5 % 116
*85 *2 87
88
8 6 % 8 6 % *86
*192 195
*193 196 i 191 191
45 % 45 %
4 5 % 40
45% 45%
36% 37%
3 6 % 3 7%
36% 37%
76
7638
75% 7 6% *75% 76 %
141*2142
142 J42*2 143 148
*
* ..........140
140
*1 3 8 140
2 4 % 25*4
23*4 24
'2 3 % 24%
*91
*90
92
92*2
89
87
*84*2 80*2
8 4 % 86
47
47
45% 46
4 5 % 46 %
62% 67 %
63 % 64%
63*2 66
79 % 79%
.. *
80
80*2
7 9 34 81
1 6 3 % 164*4
163 1G4% 16 3 % 164
*1 8 8 190
8188*4 189*2 *188 192
218% 218% 2 1 7 % 218% 217 217
24 0 % 240%
161 162
1 6 0 % 160% 1 6 0 % 1 6 1 %
*1 3 0 145
*135 145
v130 145
*193 196
*192 196
16
16
16
17%
1 7 % 18
31
31
3 1 % 3 3%
3 2 % 33
100*2101*4 101 102 % 102 102
* 1 1 8 123
*1 1 8 123
■118 123

20*a 21*2

T hu rad a //
F eb. 2 7
3 8 % 39
68
08
7 5% 70
97
97%
103% LO
*03% 94*4
64% 66

*112

*140
*140
11 5 %
80
*192
45%
36
75 %
146%
§140%.
24*4

120

144
160
115%
86
195
46 %
36%
76
149%
140*4
25

8 7 % 88
46
46%
6 4 % 65
7 9 % 79 %
1 6 2 % 163%
*187 % 190
*217 219
160%
*1 3 0
*193
17%
32%
101%
*118

16 1 %
145
196
17%
32%
101%
123

2 0 % 20%

22
23%
2 0 % 23 %
69
69 *4
69%
69
70*4
36% 3 7%
36%
3 6% 38*4
172 17 2 %
17 5 % * 1 7 2 173
2 8 6 286
289
*286 288
4 4 % 44 %
45
4 3 % 45%
92
9 2%
92
9 2 % 93*4
46
65
4 0% 4 1%
40%
4 0% 42
15%
15
14
1 4% 16
37
37
33
3 5% 3 8 %
13% 14%
1 3%
13% 14%
2 6 % 27%
25%
25% 27 %
3 8% 38%
3 8%
3 8 % 39
6 8 % 68 %
68%
68 % 68 %
5 6% 56 %
56
56% 57
69
66
67
65% 68*4
98*4
97*4 1 0 0 % 100 104%
41% 41%
42%
41%
41
*184 186
186
185 185
79
79
78
78
78
15*4
15
15%
15
1 5%
67
67
68
68%
85
84 %
84% 84% * 8 4
140*4 13 9 % 140% 1 3 9 % 140
4 8 % 48%
48 %
48
48
79%
79% 80
79 %
79
37
36 % 3 6%
37
*3 6
84*4
85
84
84% 84 %
% 23%
22
22 %
21*2 22*2
2 2 % 23%
52
51%
51
51
5 0 % 51%
4 8 % 51*2
15
*1 3
16
1 3 % 13 %
15%
50
*45
*4 0
45
67
67
6 7 % 67%
68
67
67*2 *6 7
*131 1 3 4
*131 136
*131 136
* 1 3 0 135
68%
36%
172%
282
*4 2 %
92
92
92%
*40
60
*40
64
64
*60
40%
3 9 34 4 0 34
13%
*13*4 14*4
33
33
33*2
12
12
12
23%
23*4 23*2
3 7 % 38%
38
68
68% 6 8
56
56
5 6 78
65
65*2 67
97
98*4 § 9 8 %
*37
37%
37*2
186
185*2 187
77%
15
*6 7
*66
68
84%
84*2 84*2
1 3 9 *4 1 4 0 38 1 3 9 %
48
47*2 4 8 34
79%
80
80*2
*36
84 %
83*2 85*4
68*2 6 9 34
36
37 %
172*2173
281 281

l

*66

22

82
82
*8 1
83
82*4 82%
82*4 82*2
103% 104 % 1 0 4 104% 1 0 4 % 104% 1 0 4 104*4
1 33 1 3 3 % 1 3 3 1 3 4 % 1 3 3 13 4 % 1 3 2 % 133%
167*2 168 % 1 6 8 169% 16 8 % 16 9 % 169 170*4
39 % 3 9%
3 9 % 39 %
3 8 % 38%
*37 % 40
90%
90 % *8 9
* 88*2 90*2 *8 8 % 90 % * 8 9
2 8 % 29 %
2 8% 28%
2 8 % 28 %
28*4 28%
1 7%
17
1 6 % 16%
16 % 17%
16*2 17
* ..........165
108% 109
108% 109% 109 109*4 *1 0 8 % 109
*1 1 9 121
*1 1 9 121
*1 2 0 123
*1 1 9 121
4 9 % 50
49
5 0%
47
49
48% 45%
1 1 1 % 1 1 5 % 1 1 4 % 115
1 0 9 *2 1 1 0
1 1 0 111
2 4 % 24%
2 4 % 25%
25
25 %
24*2 25
55 % 56
5 5 % 5 6%
55% 55%
54*2 56
9 9 % 101
99% 102%
102 103 % 1 0 2 % 1 0 2 %
1 9 7 197
1 6 2 * 2 1 6 3 14 163 163% 162 % 163% 16 2 % 162%
50*4 51%
4 9 % 50
4 9 % 49%
4 9 % 4 9%
*115 120
*115 120
*115 120
* 1 1 5 120
8 6 % 87%
*8 2
87
*8 2
87
*83
87

211 % 211 % 2 1 1 % 211 % *211
3 3%
33 % 34
56%
5 6% 56%
66*2 57
91
"9 0 % 9 o% * 9 0 %
91
*72
7 4% *72
*72*2 74
*1 0 3
*103 105
*103 105
*79
*79
81
81
*78
149*4 1 50% 149% 150% 150*4
42
40
40 , 41
*38
*70
*70
78
78
*70
*80
*80
95
95
*80
85 %
*83
86
87
*83
*113
50%
56%
56
56*4 57%
81
81 % 81%
81*4 81*2
68%
6 8 % 69%
6 7 % 09*2
116 116 % 1 1 5 %
1 1 6 116

*211 % 213
213
33% 3 3%
34
5 6% 58*4
56%
9 0% 90%
91
*7
2 % 74%
74
*104 105
105
81
81
* 79
151% 150% 15 1 %
40
41
40
*73
77
78
95
95
*83
86%
8 5 % 85 %
50%
81 %
69%
11 5 %

56 %
81

68%

56%
81 %

68 %

1 1 6 % 11 6 %

IV\<4
R a n g e JOT Y ea r 1 9 0 2 I1llQ/nge lo r J 'n m o u s
S a les o/
Oil ba sis <>J IOU sh a re Lots I
i ea r < W O l >
/hr
W eek
S hares
/ / ta heat
H igh est
L ow est
L ow est

STOCKS
N E W Y O R K STOCK
EXCHANGE

F r id a y
F eb. 2 8

K u ilr o u d n .
650 33 F e b 20 41 F e b
20 F ob 34 N o v
nn A r b o r ..........................
41
41
2,4 IS 03 J a n 9 08 F e b
50 Sop 00 D e c
68
68
n o p r o f..........................
4 2 '-i J an 91 J ’ no
7 5% 7 0
A toli. T o p e k a So S a n ta F e. 4 9 ,3 5 0 74% Jan 27 HI % Jan
9 5 % J an 27 103% Jan
70 May I oh M ay
D o p r o f..........................
0 6% 97
1 0 3 % 105
81% Jan l J4 % M ay
a ltim ore So O h i o ............ 4 7 ,1 0 0 101 J an LI 108% Jan
455 93% F e b 21 97 Jan
83% F eb 97 J ’ lie
94* q 94*4
D o p r o f..........................
5 5 % O ct 8 8 % A p r
64% 06
B ro o k ly n R a p id T r a n s it .. 09,785 60% F eb 14 68% Jan
115 J a n 13 1 1 8 % Jan
77 M ar 122 N o v
*112 120 B u ffalo R o ch . So P it t s b ’ g .
*140 144
141 F e b 11 144 F e b 19 116 M a i 146 N o v
D o p r o f..........................
17 139 F e b 13 160 F e b 17 1120 F eb 130 S ep
*140 160
B u rl. C edar R a p id s& N o r.
112% Jan 28 117 J a il 2 87 M ay 1 17 % M ay
11 5 % 115% / Canadian P a c ific .............
i,1 0o 85 % J an 6 89 F e b 7 54 % Jan 89 N ov
87
87% V Canada S o u th e r n .............
200 188% J a n 17 198 J an 6 14 5% Jan 196% D ec
*192 195
C en tra l o f N o w J e r s e y ...
40
4 0% C hesapeake So O h io ........... 12,010 45 F e b 20 4 8 % ,/an 2 29 M ay 52% M ay
C h ica g o So A lt o n ................. 10,050 3 3 % J a n 22 37% F e b 21 27 May 50 % A p r
35*8 86
1,727 75% F e b 28 77% J a n 3 7 2 % Jan 82% A p r
D o p r e f..........................
75 % 75%
4 ,8 5 0 134% Jan 21 149% F e b 27 91 Jan 140 N o v
148 149% C h ica g o So E a s t’ n Illin o is
137% J an 11 140% F e b 14 120% Jan 136 A p r
*1 3 8 140
D o p r e f..........................
23 % 2 4% C h ica g o G rea t W e s t e r n .. 3 0 ,7 5 0 2 2 % J a n 25 25% F e b 26 16 Jan 27 N o v
91 J a n 8 9 2 % F e b 14 90 J ’ly 94% M a r
D o 4 p. c. d e b e n tu re s
2 ,1 3 0 83% Jan 22 89 F e b 26 75 May 90% J ’ ne
8 7 % 88
D o 5 p. c. p re f. “ A ” . .
1,650
D e c 50 M ar
46% 46%
4 3 % J a n 24 4 7 % Jan 2 41
D o 4 p. c. p r e f. “ B ” . .
6 3 % 64*4 C hic. In d ia n a p . So L o u isv . 28 ,805 49 % Jan 14 6 7 % F e b 24 23 J an 5 2 % D e c
1,495
75 J a n 16 81 F e b 19 58% Jan 77% S ep
79
79 %
D o p r e f..........................
1 6 2 % 16 3 % C h ica g o M ilw . So St. P a u l. 4 1 ,8 1 0 160% Jan 27 168% J a n 2 134 May 188 M ay
100
186 J a n 14 193 F e b 7 175 May 200 M ay
1 8 8 190
D o p r e f..........................
3 ,7 0 0 2 0 4 % J a n 14 223% F e b 7 168% Jan 215 M ay
2 1 7 % 21 8 % C h ica g o So N ortlx W e ste r n
10U
2 30 J a n 18 248 F e b 6 207 M ar 248 A im
D o p r e f . . . .....................
5 ,3 7 0 1 o 2 J an 1 o 166*4 F e b 11 116% Jan 175*4 J ’ ne
161 161% C hic. R o c k I s l ’ d So P a c ific
130 145
140 F e b 6 144 F e b 7 125 M ar 146% N o v
C hic. St. P . M in n . So O m .
193 196
196 F e b 6 197 F e b 7 180 M ar 201 A p r
D o p r e f..........................
4 ,6 0 0 15*4 F e b 21 18 J a n 18 10% Jan 31 A p r
17
17% C h ica g o T e r m ’ l T r a n s fe r .
6 ,3 5 0 30% F e b 20 33% J a n 11 28% D e c 57 % A p r
31% 32*4
D o p r e f..........................
2 ,3 0 0 9 5 % J a n 14 105% F e b 7 73 May 101 N o v
101 1 0 1 % C lev e. C m . C hic. So St. B .
118 J a n 21 123% F e b 6 115% Jan 124 N o v
D o p r e f..........................
35 F e b 10 3 5 % F e b 17 2 7 % Jan 42% N o v
C lev e. L o ra in So W h e e l’ g .
7 7 % J a n 27 7 7 % J a n 28 67 A u g 82 D e c
D o p r e f..........................
6 % Jan 18 A p r
22
22 % C olorad o So So., v o t. tru st 1 67,722 1 4 % J a n 15 23% F e b 27
6 8 % 69%
D o 1 st p f. v o t. tr . cfs. 1 3 ,4 3 0 59% J a n 15 7 0 % F e b 26 40 J an 60 D e c
3 6% 36%
D o 2d p f . v o t. tr . ctfs. 3 0 ,8 1 0 28 J a n 14 38*4 F e b 26 1 6 % J an 28% A p r
5,961 170% J a n 27 1 8 4 % J a n 7 105 May 185 % A p r
17 1 % 172%
ela w a re So H u d s o n ___
3,000 253 J a n 15 297 F e b 4 188*4 Jan 258 D e c
•282 289
elaw . L a ck . So W e s t ’ n .
4 .9 0 0 42 F e b 3 46 J a n 2 2 9 % Jan 53% M ay
*43% 44*4 D e n v e r & R io G r a n d e ....
2 .9 0 0 8 0 % J a n 21 9 4 % F e b 13 80 J an 103*4 J ’n e
92*4 92*4
D o p r e f..........................
49 J a n 10 49 J a n 10 49 N o v 71 J ’ ne
D e n v e r So S o u th w e s te r n .
100 49 J a n 20 64 F e b 24 69 J ’ly 69 J ’ly
D o p r e f..........................
41*4 41% D es M o in e s So F t. D o d g e . 11 ,900 39 F e b 1 42*4 F e b 13 18 J an 45 J ’ ne
15
1 6 % D e tr o it S o u th .v o t. tr . c tfs 1 3 ,0 0 0 13 F e b 3 16% J a n 6 14*4 D e c 17 D e c
9,200 33 F e b 24 3 9 % J a n 6 36 D e c 4 0 % D e c
37
39
D o p re f. v o t. tr. ctfs.
1 3 % 14 D u lu th So. S h o re So A t l . . 2 3 ,4 8 0 10 J a n 15 14*8 F e b 2 6
4% F eb 12% J ’ne
2 6 % 27%
13% Jan 2 2 % Sep
D o p r e f.......................... 2 9 .0 7 0 18% J a n 14 2 7 % F e b 2 6
38*4 38%
r i e ........................................ 4 3 ,6 6 0 37% F e b 21 4 4 % J a n 2 2 4 % May 4 5 % J ’ n e
4 ,3 0 0 67% F e b 21 75% J a n 2 59% J an 75 D e c
68 % 68 %
D o 1 st p r e f...................
2,700 55 J a n 27 63% J a n 2 39*4 Jan 62% D e c
5 5% 56
D o 2d p r e f...................
68 A p r
6 6 % 67 % E v a n s v . So T e r r e H a u t e .. 2 7 ,2 9 6 57 J a n l 3 69 F e b 2 7
41 Jan
8,145 8 7 % J a n 31 104% F e b 27 81 J an 95 A p r
103 103
D o p r e f..........................
4,242 30 J a n 2 4 2 % F e b 2 6 17 J an 36 A p r
*41
4 1% F t. W o r th & D e n . C .,strap.
1,900 183 J a n 14 191*4 J a n 6 1 6 7 % May 208 M a r
1 8 4 186% G re a t N o r th e r n , p r e f........
7 70 J a n 11 79 F e b 27 65 Jan 67% F e b
78
78
G re e n B. So W ., deb. ctf. A
1 4% 15
93
7% J an 11% A p r
9 J a n 8 16% F e b 10
Do
deb. c tf. B
200 66 J a n 15 71 *4 J a n 2 4 0 % May 7 5 % D e c
%
%
o c k in g V a lle y ...............
500 8 1 % J a n 14 85%. F eb 17 69% J an 8 8 % D e c
*8 4
84%
D o p r e f ..........................
.5 ,5 3 0 137 Jan 14 1 4 3 % F e b 7 124 May 154% J ’ n e
139% 139%
llin o is C e n tra l.................
2,865 3 7 % J a n 15 4 9 % F e b 13 21 J an 4 3 % J ’ n e
4 7 % 48*4
o w a C e n tra l.......................
79
80
1,050 71 J a n 14 82 F e b 13 48 J an 8 7 % J ’ly
D o p r e f ..........................
400 33% J a n 25 3 7 % F e b 13 21 Jan 41 J ’ n e
3 6 % 36 %
an aw h a & M ic h ig a n ..
84
84
C.Ft.S.<feM .,tr. c t s .p fd 1 7 .0 7 0 8 0 % J a n 2 85*4 F e b 2 4 7 7 % D e c 81*4 D eo
2 2 % 23% K a n sa s C ity So. v o t. t r . . . 1 5 ,6 5 0 19 J a n 15 2 3 % F e b 2 8
1 3 % J an 25 A p r
51
54 %
35 Jan 49 A p r
D o p re f. v o t. tr. c tfs . 3 8 ,2 0 0 44 J a n 14 54% F e b 2 8
1,000 13 J a n 15 16*4 F e b 28
1 5 % 16*4 K e o k u k So D e s M o in e s ...
5% J an 18% O ct
200 45 J a n 2 47 F e b 28 2 4 Jan 4 5 % S ep
47
47
D o p r e f..........................
67
67
7 00 64 J a n 15 7 1 % J a n 3 39% Jan 7 6 % N o v
a k e E r ie So W e s t e r n ...
*1 3 1 133
D o p r e f..........................
125 J a n 15 1 38 F e b 6 108% J an 135% Sep
§335 J a n 27 §335 J a n 7 §230 A p r §355 N o v
L. S h ore So M ich . S o u th ’ n
700 78% J a n 15 86 J a n 2 67 Jan 90 D e c
*8 1
83
L o n g Is la n d ..........................
1 0 3 % 104
6,710 1 0 2 % J a n 27 108 J a n 3 76 M ay 111% J ’ n e
L o u is v ille So N a s h v i lle ...
132% 133%
an h attan E le v a te d . . . 2 3 ,4 7 0 130% F e b 13 1 4 0 % J a n 29 83 M ay 145 D e c
168*4 16 9 %
e tro p o lita n S tr e e t___ 2 3 ,8 2 0 159% J a n 15 174 F e b 5 150 M ay 177 J ’ n e
*39
4 0% M et. W e s t S ide E l. (C h ic.)
300 38 F e b 7 43 J a n 6 27 Jan 41 N o v
*8 8 % 9 0 %
D o p r e f ..........................
90 J a n 10 91 J a n 29 7 9 % Jan 93 Sep
2 7 % 28% M e x ic a n C e n tra l.................
5,400 2 5 % J a n 15 29% J a n 39 12% Jan 30 M ay
1 7 % 17% M e x ic a n N a t ’ l tr. r e c e ip ts 21,200 14% J a n 15 1 7 % F e b 3
3% Jan 15*4 O ct
M ic h ig a n C e n tr a l...............
§156 J a n 17 160 J a n 7 107% M a r 1 8 0 N o v
1 0 8 % 108% M in n e a p o lis So St. L o u is .
1,500 105 J a n 27 111 J a n 6 67% Jan 111*4 J ’ly
D o p r e f..........................
118% J a n 22 123 F e b l 3 101% Jan 1 2 4 % O ct
4 8 % 49% M in n . S. P . So S. S. M a n e . 1 9 ,8 3 0 3 6 % J a n 2 50% F e b 2 6
15 M ay 36*4 N o v
7 ,1 7 0 90 J a n 14 1 1 5 % F e b 2 6 49 A p r 94% N o v
115 115%
D o p r e f..........................
2 4 % 24% M o. K an sas So T e x a s ........
3,200 24% F e b 10 27 J a n 3 15 Jan 35% A p r
54 % 5 4%
5,100 51 J a n 13 5 6 % F e b 18 37 M ay 6 8 % A p r
D o p r e f..........................
99*4 100% M iss o u r i P a c ific ................. 1 08,780 99*4 F e b 28 107 Jan 2 69 Jan 124% J ’ n e
500 §195 J a n 21 197 F e b 25 §191% J a n 197% A p r
M o rris So E s s e x ...................
80 J a n 24 98% F e b 4 §70 J ’ ne §82*4 N o v
1YT asli. C hatt. So St. L o u is
1 6 2 % 162% Imi Y . C en tra l So H u d so n .
8,210 159% J an 27 168% Jan 2 1 3 9 % J an 174% N o v
50
51% N . Y . C hic. So St. L o u i s ...
6,500 4 6 % J a n 15 52 J a n 9 16 M ay 5 7 % Sep
*115 120
D o 1 st p r e f...................
119 F e b 6 124% J a n 2 7
97 M ar 120 S ep
87
87%
2 ,8 0 0 84 F e b 4 8 9 % J a n 9 47 M ai 95 S ep
D o 2d p r e f...................
N e w Y o r k So H a r le m ........
§ 4 0 9 N ov 120 A p r
N . Y . L ack. So W e s t e r n ...
F eb
1 3 8 % F e b 3 138% F e b 3 §134% Jan 139
231 2 0 9 % J a n 30 2 1 2 % J a n 9 §200% F e b 217 J ’ n e
§212*4 212*4 N . Y\ N . H a v e n So H a r t f.
33*4 3 3% N . Y . O n ta rio So W e ste rn . 10,005 33% J an 25 36 *8 J a n 2 24 May 4 0 % May57 % 58% N o r fo lk So W e s t e r n ........... 32 ,170 55 J a n 14 5 9 % J a n 3 42 Jan 61 % N o v
90
90
412 90 F e b 2 1 93 J a n 14 82 F e b 92*4 N o v
D o adj u stm en t, p r e f.
*7 2
74
a c ific C o a st C o ...............
7 3 *8 J a n 3 75 F e b 7 52 F e b 78 D e c
* 1 0 3 % 105
D o 1 st p r e f...................
100% J a n 6 101% J an 21 89 F e b 1 0 3 % D e c
*7 9
81
D o 2 d p r e f...................
79 J a n 20 81% F e b 7 63 J an 83 N o v
1 5 0 151
P e n n s y lv a n ia ....................... 54 ,458 147 J a n 14 151% J a n 3 137 M ay 161% A p r
P e o ria So E a s te r n ...............
*40
41
400 39 J a n 8 4 3 % F e b 11 1 4 % Jan 50 S ep
P e re M a r q u e tte ...................
71 F e b 15 83 J a n 14 33% Jan 94 N o v
D o p r e f..........................
72 Jan 86 J ’ n e
P itts b. Gin. C hic. So St. L.
80
87
1,300 80 *8 J a n 7 9 1 % J a n 9 57 J an 81 D e c
D o p r e f..........................
88 J an 113 D e o
5 5 % 5 6% I > e a d in g , v o t ’ g tr. c t f s .. 78 ,650 53% J an 14 59 % F e b 13 24% Jan 58 D e c
80% 81% JLv 1 st p r e f. v o t. tr. c t f s ..
5,625 8 0 % J a n 14 84% F e b 19 65 M ay 8 2 7> D e o
6 7% 6 8 % 2 d p ref. v o t ’ g tr. c t f s . . . 99 ,350 60 J a n 14 70*4 F e b 18 38 J an 6 4 % D e c
1 1 6 1 1 6 % R u tla n d , p r e f ......................
700 110% J an 23 118% J a n 31 97 N o v 112% N o v

A

B

D

E

66

66 H

I

K

L

M

P

BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
Bank*

JKK,W

YORK
CITY

B id
A m e r ic a !) . . . 530
A rn er E x c h .. 1275
700
A s t o r ........
B o w e ry !) .
300
J; road way
375
B u t c h '« So Dr IJ 50
C e n t r a l. . .
I 1.85
I I 60
Ci
iry !
1700
Ch&SO «...
C hatham .
3 35
Ii J50
C h e m ic a l.

As/c
280

200
175

350

Banks
C itiz e n s’ ........
C it y ................
C olon ia l !| . . .
Columbia|| . .
C o m m e r c e ...
C orn E x ch fl.
E a st R iv e r ..
J 1 tli W ardlf.
Era p’ e s ta t e !
F id e lity !). . . .
F ifth Ave1|..
F ifth ...............
F irs t (n e w )..

B id
A sk
B anks
n 23% 224
14tli S treotf].
600
F o u r t h _____
350
G a lla t in ........
350
G a n sev oortli
t 350 351
G a rfield ^
430
160
G erm a n A m i
150
••m*mm G erm an Ex*
150
G erinauiall ..
G reen w ich 1|
195
210
210
H am ilton!! ..
3300 3 5 5 0 H a n o v e r .......
375
[fide. So L ’ath
125
850
875
frnp So T ra d .

A 8k
B id
200 300
240
1439%
140
1.40
340
500
290
100
680
150
040

••••••
175
700

. .....

Banks
I r v i n g ..........
J e ffe r s o n !)...
L ea th er M fr.
L ib e r ty ........
L in c o ln .........
M an hattan ll.
M a r k e t s Ful
M e c h a n ic s’ .
Meofit So Trail
M e r c a n t ile ..
M erch E x c h .
M e rch a n ts’ ..
M e tr o p o lis !)

~~ * Bid and asked prices; no sa les w ere m ade on th is day.
§ L os s than 100 sh ares,
1 S ale at Iito c k E xch an g o o r at a u ctio n th is w eek, s T r u s t Co. c e r tific a te s

B id
220
180
255
050
1000
\327
) 257
285
100
1290
150
190
700

X E x rig h ts.

A 8k
240

A

270

295
180
165

- - ^-

B anks
M t M o r r i8lJ..
M u tu a l!)........
N assau !) ___
N e w A m ste r
N e w Y o rk Co
N Y N at E x.
N e w Y o r k ...
19th Ward1|.
N o rth A in or.
O rien talU___
P a c if i c !) ........
P a r k ...............
P e o p le ’ s!)___

S tate ban k s,

B id A s k
1232%
250
190
1 350 1400
1500
1230
1330 345
150
295
305
210
205
1046% 016
2 50

Bunks
P h e n i x ..........
P la z a !)...........
P r o d E xch i] R iversid oD . .
S ea b oa rd ___
S e co n d ..........
S e v e n th ,n ew
S h oe So L e tli.
St a t o l l...........
12 th W a rd !).
2 3 d W a r d !]..
U n ion S q lj...
U n ited N a t’ l.

a E x d iv id e n d a n d rig h ts.

B id

A 8k

112 %
550
170
180
300
450
075
125
120 130
550
110
+

110
325

120

Stock Record — Concluded— Page 2

461

LE

0 C S 8 —M 1 Q M MS T A N D L O W A'8 T £
M unuay
J,'eb. 2 4

tlati

17%
73

19*2
74

138% 139
t)0 4 t i l 1.
8 4 % 84%
O6

*J6 U,

6-1 % 65%

3
>
CO
W
M
Q
rd
rj
CO
w
►
H
W
O
P*

l u csu u y
E eb. 2 *
19
71
334
139
60 4
* 83
*254
57 4
644

22
74%
34 4
39 4
60 4
85
73
26%
of)

i'k U/\u la y
F eb, 2 7

H td n e
Feb.
194
32 4
139 4
604
*83
70 V*
*2 5 4

JlfjO* i||) ‘l;
05 4
41
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216% 216%
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182
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Banks
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STOCKS
N E W Y O R K STOCK
EXCHANGE

M ange to r Y ear 1202
Lange, tor F reu io u s
S ales ol
On ba sis ojlU O -sh u re lots
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20
19
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6 0 4 St. L o u is & San F r a n ........
84
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400 83 l‘Y b 5 88 J an 11
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D o 2 d p r e f ...................
72 4
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41
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113 4 11 8 4 1 1 3 4 T w in C ity R a p id T r a n s it.
158
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3 60 158 F o b IS 1 5 9 4 F ob 18
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87
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58
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5 6 4 58
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i
32
4,067 28 J a n 14 34 F e b 24
D o 2d p r e t ...................
3 2%
9,085 19 % J an 30 2 1 % F ob 26
21%
21
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4 2 % 43
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.Y lfs c c llfu ie o iis .
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A dam s E x p r e s s ............. .
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7 o % 7 1% 2A .m algam ated ( ’ u p p e r ... 182,800 67% Jan 14 79 F e b 1
9 ,6 6 0
34
3 4 A m e r ic a n B i c y c l e .............
3% F ob 27
3
3%
2 F e b 25
2,700 l o
D o p r e f..........................
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1 5 4 15 4 * 1 4 4 15
6,935 2 8 4 J a n 14 3 1 % J a n 4
2 8 % 2 9 % A m e r ic a n C ar A F o u n d ry
2 8 4 28%
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88
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D o p r e f..........................
8 8 4 ft8 Y
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88
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27-4 28% A m e r ic a n l e e ....................... 11,665 2 6 % J a n 15 3 1 % J a il 2
27
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1,730 63% J a n 14 67 J a n 3
64
64
65 4
64
22
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23
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54
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D o p r e f..........................
17,800 3 0 4 J a n 14 3 4 % J an 4
3 1 4 31% A m e r ic a n L o c o m o t i v e ...
31 % 32
2,260 89 J a n 3 94 J an 7
924 924
D o p r e f ...
92 4 9 2 4
600
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5 J a n 20
54
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54
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23
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21 J a n 20 25 J a n 6
47
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99
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5 7 o 115 J an 2 1 1 9 % F e b 18
D o p r e f ..................., . . .
1 1 8 4 1 1 8 4 118% 118 4
v89
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15
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33
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33 4 33 4
200 2 10 J a n 4 222 F e b 13
2 1 6 4 2 1 6 4 *215 217
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D o p r e f ..........................
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17
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6,200 213 J a n 15 2 2 3 % F e b 13
219 2 1 9 4 2 1 9 2 1 9 % C o n so lid a te d G a s (N . Y .) .
4 00 115 J a n 2 121 .Tan 20
*117 118
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50 130% J a n 13 13 9 78 J aI1 2
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*1364140
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8 F e b 20 10 F e b 3
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D o p r e f ..........................
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293 2 9 8
425 3 9 % J an 3 5 1 4 J a n 20
* 4 3 4 4 4 4 * 4 2 4 44 4 G lu co se S u g a r R e fin in g ..
111) 90 J a n 2 110 F e b 10
1 0 4 104
*1014109
D o p r e f ..........................
2 0 % 20% I n te r n a tio n a l P a p e r ........
3 ,5 5 0 19 J a n 14 2 1 % J a n 3
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1,310 7 4 4 F e b 6 7 7 % J a n 7
75
7 5 4 i D o p r e f........................
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7
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64
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200 45 J a n 14 4 7 4 J a n 7
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47
D o p r e f ..........................
53
53
600 47 J a n 2 53% Jan 28
52% 52%
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100 8 7 % J an 13 90 J a n 16
*89
91
D o p r e f ........................
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91
*
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100 88 4 J an 30 91 F e b 6
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3 ,4 2 0 43% J a n 14 48 F e b 17
47
47% \ f a tio n a l B is c u it ...........
4 7 4 47 %
200 104 4 J a n 3 109 F eb 19
1 0 7 4 1 0 7 4 *105 107 4 H D o p r e f ...................
1,300 1 5 4 J a n 18 19% J a n 28
1 7 % 1 7 4 N a tio n a l L e a d .......................
174 174
10 7 8 % J a n 16 86 J a n 29
D o p r e f . . .......................
£ 8 5 4 8 5 4 *82% 8 4 4
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94
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3,075 45 F e b 13 4 8 4 J a n 18
46 % 46% O a c i f i c M a il........................
46
46
99 % 100
9 9 4 1004
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3 9 % 3 9 % P r e s s e d S te e l C a r...............
1,350 39 J a n 14 42 4 J an 3
39
394
83
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1,560 82% F o b 4 8 6 % J a n 2
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. . . . . . 215 J an 13 2 23 J a n 24
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1 6% 16% T> e p u b lic I r o n A S te e l..
8 ,8 0 0 15% J a n 2 1 7 4 Jan 7
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71
7 1 4 i-V>Do p r e f..........................
7 0 4 71%
5,440 17% F e b 2 8 19 4 J an 2
1 7 1 8 % R u b b e r G ood s M f g .............
18
18
69
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70
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550 66 F e b 11 70 4 F e b 25
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32*o Q lo s s -S h e ilie ld St. A Ir o n
32
7 50 2 9 4 J a n 3 33 F e b 19
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2,150
4 J a n 10
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4 2 % 4 2 4 T e x a s P a c ific L a n d T ru st
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*77
80
225 72 J an 16 82
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U D o p r e f..........................
Feb 17
*116 120
213 97 J a n 2 124% F e b 7
*116 120
U n ite d S ta te s E x p r e s s ...
1 1 4 11%
1 1 4 1 1 4 U n ite d S ta te s L e a th e r ___ 24,210 l l % F e b 20 12 4 Jan 4
6,335 7 9 % J a n 21 82% Jan 4
81% 8 1 4
D o p r e f..........................
s 1 4 81 %
2,900 3 8 4 F e b 5 42 F e b 26
41
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6 5 4 65%
5,460 14 J a n 2 17% F e b 24
1 5 4 1 6 4 U n ite d S ta te s R u b b e r ___
1 6 4 16%
5,298 50 % J a n 14 59% F e b 24
57
57
D o p r e f..........................
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a;43 4 : 43 %
94 % 95
D o p r e f.......................... 103,921 9 2 % J a n 27 97% J a n 7
94% 9 5 4
2,200 60 J an 18 63% Jan 2
6 2 4 62%
62 4 62 % V ir g in ia -C a r o lin a C h e m ..
D o p r e f..........................
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123
120% J an 17 1 2 1 4 J an 8
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*19.0 200
-1 9 0 2 0 0
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91
1,140 90 *4 F eb 20 98 J a n 8
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D o l s t p r e f ...................
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19 4
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32
140
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644
324
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40 4
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158
69 4
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24
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19%
57
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21
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banks and
B anks
NEW YORK
J) tit
CITY
V a r ic k H........ 225
W a s h in g t ’ n l 1 2 0 0
W a s h .H ’ htsli 2 0 0
W e s t SideH .. 550
W e s t e r n ........ 610
Y o r k v i l l o l f .. 240

F L I C E*S’

[Vol. LX XIV

7 % J an
55 O ct
17 D e c
57 Jau
2 1 4 Jan
75 J 'ly
5 8 % Jan
16 May
41 4 J an
29 Mil}
18 J an
67% Jan
23% Jan
117 May
10% F eb
28 May
65% Jan
147 A p r
76 Ma>
8 1 % Jan
11 % Jan
23% Jan
11% Jan
45 May
24 May
14 4 J an
38 4 J an

15% J ’ n o
78 4 J ’ no
86 J ’ n o
134 D e c
5 6 4 D ec
88 M a r
76% J ’ n o
39 4 A pr
71 J ’ no
63% J ’ n o
36% J ’ ne
94% N ov
52 % M ay
129 4 J an
2 5 % M ay
39 4 May
109% D e c
160 N o v
133 May
99 4 May
26 J ’ n e
•10% J ’ lie
22 J ’ no
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38 M ar
26 JY ie
49% A p r

£145 Jan
60 4 Dec
1 4 Sep
10 Sep
19 Jan
67 Jan
24 M ar
85 A p r
£109 Jail
39% D ee
25% O ct
62 O ct
5 % Jan
31
J an
2 2 4 A ug
83% O ct
4 4 F eb
22 4 D ec
3 8 4 0 ct
88 F eb
26 M ar
73 A p r
103% D e c
111
D ec
£94 Jan
1 3 % M ar
70 M ar
28% D e c
175 Jan
8% Jan
4 1 % Jan
116 M ar
| 12 4 O ct
187 Jan
93% Jan
1 2 7 4 O ct
6% O ct
23% Sep
183 4 Jan
37 O ct
93% M ai
18 4 May
69 Jan
5 4 % Jan
5 % Feb
33 A p r
2 4 % Jan
74 Jan
70 J an
95 Jan
8 Oct
37 Jau
92 Jan
15 M ai
74% D ee
133 J ’ly
13 D e c
45 Dec
73 4 F eb
30 4 Mu v
95% J an
30 M ar
7 2 4 M ar
195 4 Jan
1% Aj>!
7 M ar
11% Sep
55% Jan
18 D ec
65 D ec
1 9 4 F eb
65 4 Jan
3 4 M ar
4 9 % M ar
19 Jan
12 A p r
65 A p r
£53 Jau
7% May
6 9 4 May

£202 D e c
130 J ’ ne
8% A p r
35 A p r
35 J ne
89 % J ly
3,> 4 J ’ ne
91 4 Jan
2 10 N o v
45 N o v
41% M ar
77% M ar
30% J ly
66 J ly
33% N o v
91 % N ov
ft J ’ n e
3o J ’ne
69 A p r
104% J ’ ne
4 9 % J ’ ne
90 J ’ no
153 J ’ n e
130 J ’ ly
100 A p r
21% J an
82% J ’ ly
54% A p r
228 A p r
14% M ar
1 3 6 4 J ’ne
1424 A pr
2 a 4 J ’n e
238 A p r
124 J ’ n e
15 2 4 Aug
10 4 J ’ n©
3 4 4 N ov
289% D e c
65 M ay
107 A u g
28 M a r
81 % Sep
100 4 M ay
11 J a n
51 D e c
49 N o v
89 O ct
9 5 % J 'ly
1 0 6 4 N ov
22 A p r
46 M ay
103 % N ov
25 4 J 'n e
93% J ’ne
175 A p r
J5 D e c
47% D e c
109 J 'n o
49 4 N o v
120 4 J 'n e
52 J an
89 A p r
225 O ct
5% M ay
12% May
*24 J 'n e
82 A p r
38% M ay
90 M ay
4 1 4 A pr
86% A p r
8 4 J 'n e
76% J 'n e
42 A p r
1 9 % J 'n e
75% D e c
100 A p r
16% M ay
83% A u g

12 4
47
24
69
51
1 16
180
SL
145
57

34 J an
Oct
85 J an
O ct
May 55 A p r
Mn\ 101% A p r
JMy 72 M ar
A p r 125 A u g
J a n r199% Dec
Jan 100 i May
Nov ISO Dec*
N o\ ,187 D ee

t r u s t c o m p a n ie s —b r o k e r s ’ q u o t a t io n s
Banks
BROOKLYN

M id

A sk

T r u s t Co*s
C ’ l R ’ tjB c C T r
C e n tra l T r ’st
C ity T r u s t ...
C o lo n ia l........
C o n t in e n t a l.
F a rm LodbTr
F ifth A r e T r
G u a ra n ty T r
lv n ick ’ r b ’ k T
M an h attan ..
M er can tile ..
M n roh a n ts’
M e tro p o lita n

B ro o k ly n ^ .. 120
1 7 th W ard1). 130
8th W ardfl ..
75
S p ragu e.
200
5th Avenue*, 105
2 6 th W ardH. 140
F ir s t ............. . 300
V nion^] . .
110
160
K in g s C o il... 130
W a lla b o u tj] . 105
M a n u fa c tr s ’ . 300
...... M ech a n icstl - 218%
u er ch a n ts’ . . 100
T rust Cos.
N a s s a u ......... 350
B R O O liL iy
N. Y. CITY
N a t C it y ....... 2 90
D e d fo rd U ___ 225
N o r th Sidelj. ISO
\ 1hml n*. rPr
270
280
B roa d w ay H .. 250
.......... P e op le's*!)..". 2 0 6
......... B o w l’ gG reen 200 208
■ B id a n d a sk e d p rioes; n o sa les w e re m ade on tin s day.
i ^ohs cuaa 10t> sn a res.
1 b a le a t S to c k E x c h a n g e o r a t a u c tio n tin s w eek .
s T r u s t Co. c e r tific a te s .

M id A s k
550
1930%
t
400 425
7)85
1450
670
750
750
640
1 100
400
525

i E x rig h ts.

1550
700
775
5 70

T r u s t C o ’s
M o rto n T ru st
N Y Lite A Or
N Y S e c a Or
N ort b A m er.
R eal Kst Or’ t
s t a n d a n lT r ’ t
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M id A sk
1 1*275
1260 1350
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400
400
8205 4 266
1890 1410
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1700
4 15

T r u s t (Jo’ s
BROOKLYN
B ro o k ly n Or
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F ranklin
H a m ilt o n ,. . K m g s Co
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150
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213
830
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_____
.........
M B ank s m ark ed w ith a p a ra g rn ou c> > are s u u o

Lev
880

8 30
220
220

Mew

Exchange—Bond Record, Friday, Weekly and Yearly

York Stock

O O O U P Y IN U
BONDS
JM. Y . S T O C K E X C H A N G E
W e e k e n d i n g F e b . ‘2 8

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N . Y . STCH1K K X C J IA N G K
W e e k e n d in g f e d . 2 8

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1 J 4 F e b '02 ...111 13% 114
114
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u s 2s c o n s o l r e g is t e r e d .d l 9 3 0
103%
N
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L e li (fe W il k s B C oal 5s 1012
108*2 108 %
100 109% L()8% J a il ’ 02
c o n s o l c o u p o n ___ d 11)30
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S ale 1 0 4 %
105
C on e x t g u a r 4 % s. - •-f/l 01 o Q-M 105
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104
1
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109
109% 1 0 7 % O c t ’ 0 1
U S 3 s r e g i s t e r e d ..............k 101 s
120
1 0 8 78 1 0 9 L C h a rle s cfe S a v 1 s t g 7 s — 103G J -J
100 1 0 9 % 109
L09
V s 3 s c o u p o n ..................... /ill) IS
1 J 1 F e b '02 . . . I 13% J J 4 %
C lies cfe O h io g 6 s s e r A . .h 19081 A -O 111% 116
u s 3 s r e g sm a ll b o n d s . . k 11)IS
1 J6% F o b ’ 02 . - i l l 10% 116%
116%
A
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...........................
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l
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II s 3 s c o u sm a ll b o n d s .. /r l 1)18
3 120 % 121 %
1.2
L
12 J
121
M
N
1
s
t
c
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s
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g
5
s
....................
1030
F e b ’ 02
112 113
111 Oh 11 1 % 112
V s -is r e g i s t e r e d ..............h i 1)07
121 J ’ n o’ OJ
B e g i s t e r e d ........................ 1 030 M-N
111 % 112 %
112 'a 112% 112 *61^e b ’ 02
V s 4s c o u p o n ..................... A 1907
110% 74 lL00% i l 0 %
109% 1 10% 109%
G e n e ra l g o ld i % s ............. 1992 M S
1 3 0 % 13 0 4 1 139% F e b ’ 02
139 1 3 9 %
s 4 s r e g is t e r e d .................. 1 0 2 5
103 A p r ’ 01 - - - ......................
B e g is t e r e d ........................ 1092 M -S
1
3
9
%
D
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c
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139%
1
3
9
34
c
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p
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........................
1025
4
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s
N o v ’ OO
.......... 103
110 M ay’ Ol
C r a ig V a lle y 1 s t g 5s — 1 9 4 0 J - J i o o
1 0 0 % 107
u s 5 s reg is ter ed ................. 1004
3 l i o i ” io*5*’
104 %
10 4 106% 104 %
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107
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.......................
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2 d c o n s o l g 4 s .................. 1089 J - J
.......... 101% A p r ’ 99
W a r m S p r V a l 1 s t g 5 s . . 1941 M -S 10 6
F ore ig n G overn m en t
102
%
........ 102% F e b ’ 02 . . . 1101% 1 02%
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95
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94%
95*2
F r& n k t'ort-on -M a in 3 % s s e r 1
M-N
G
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T h ese a r e p r ic e
103% 103%
C h ic (fe A l t B B s fu n d 6 s . . 1003 M-N i 03 % 1 0 4 % i()3% .Van ’02
3 96
98
06 hi
96 h
U S o f M e x ic o s t g 5s o f 1800 Q-J
87 % 88
8 t
8 7 % Sab.
o i%
R e fu n d in g g 3 s .................. 1040 A -O
'l fu s e a r e p i ices o n th e b a sis o f $5 to £ .
M is s B iv B 1 s t s f g 6 s . .1 9 1 2 A-O
S ta te S ecu rities
'8 4 %
84 % 47 8 4
84
8 4 S ale
R a i l w a y 1 s t lie n 3 % s . . . l 9 5 0 J - J
1 0 6 107
1 0 7 1 0 8 h> 107 J a n ’ 02
A la b a m a c la s s A 4 to 5 ____1 0 0 0 j - j
B e g i s t e r e d ........................ 1 0 5 0 J - J
109 k O c t ’ 00
C la ss B 5 s ..............................1 0 0 0 J - J
104% 10*5%
10.
i ’0’5 ” 105 % i 05
102*2 i'0 2 * i C h ic B u r cfe Q c o n s o l 7 s . . . 1 003 J - J
10-2-ha 102 ha
C la s s C 4 s ..............................lo o t ; j - J
104%. A p r ’ 00
C h ic (fe I o w a D iv 5 s ...........1 905 F -A
100 A u g ’ 01
102 hi
C u r r e n c y fu n d in g 4 s ___ 1 9 2 0 J -J
o j 00% j 0 3 %
100%
101%
D e n v e r D i v 4 s .................... 1 922 F -A i b o% i 02
126 O c t ’ 01
D is t o f C o lu m b ia 3 '0 5 s ------1 0 2 4 F -A 124 hi
102 %
102
%
1
0
2
% 10 102
102*4
104
J
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I
llin
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D
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3*2S................
1
0
4
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106*4
J'ctn
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10G
11)6*4
106*4
L o u is ia n a n e w c o n s o l 4 s . . 1 0 1 4
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.
100
hi
F
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S m a l l .......................................... .
1 1 5 % A u g ’ 01
116
I o w a D iv s in k fu n d 5 s . . 1 9 1 9 A O
M is s o u r i f u n d in g ___ 1 8 9 4 -1 9 0 5 J -J
106 10 6
106 F e b ’ 02
S in k in g fu n d 4 s .............. 1 9 1 9 A - O 10 6
104*2 J a n ’ 02
105
104 104*2
N o r t h C a ro lin a c o n s o l 4 s . 1 9 1 0 J - J
ill
111%
%
%
N e b r a s k a E x t e n s io n 4 s . 1927 M-N 1 1 1 %
136*2 J ’ l.Y ’ 01
0 s ...............................................1010 A -0 1 3 5 %
109 % A u g ’ 01
R e g i s t e r e d ........................ 1 9 2 7 M-N
120 M a r ’ 00
S o C a ro lin a 4 %s 2 0 -4 0 .........1 0 3 3 J - J
1 0 0 % J ’ n e ’ 01
S o u th w e s te r n D i v 4 s ----- 1921 M -S i ’o’6 %
95 % F e b ’ 02
95% 96%
96
07
T e n n n e w s e t t le m e n t 3 s . .1 0 1 3 J - J
J -J
J o in t b o n d s S ee G r e a t N o r th
95
F e b ’ 02
95
95
9 5 hi . . . . .
S m a ll..........................................
109 110
1 09% F e b ’ 02
D e b e n t u r e 5 s ...................... 1913 M-N 1 0 9 % 110
98*4
98*
98*4 99%
V ir g in ia fu n d d e b t 2 -3 S ...1 9 9 1 J - J
121*4 122
12 L% 121%
H a n & S t J o s c o n s o l 6 s . .1 9 1 1 M -S 1 2 1 % 123
J -J
R e g i s t e r e d ...............................
112 % 112
1
1
2
%
1
1
2
%
112
___
J
D
C
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s
.
1
9
0
7
25
8%
8*2
7*4
Gs d e fe r r e d B r o w n B r o s c t f s .
1 3 8 % D e c ’ Ol
1 s t c o n s o l g 6 s .................... 1 9 3 4 A -O 139 . . . .
124
1 2 4 % 11 1 2 2 % 1 2 4 %
R a ilr o a d
G e n e r a l c o n s o l 1 s t 5 s ___ 1 937 M-N 1 2 4 ____
115 A u g ’ 00
B e g is t e r e d ........................ 1937 M-N
la b a m a C e n t S ee S o B y
12 3 .......... 1 2 2 % D e c ’ 01
C h ic (fe I n d C B y 1 s t 5 s . 1 9 3 6 J - J
la b a M u ll S ee S a v F la <fe W
C h ic a g o (fe E r ie S ee E r ie
A lb a n y &, S u sq S ee D e l <fe H u d
12 6 1 2 9 %
128% 128%
J 1 2 8 129
C h ic I n (fe L o u i s v r e f 6 s . . . 1 947
A lle g h e n y V a lle y 6 'e e P e m iK K
11 3 115
115
J .......... 114% 1 1 4 %
R e fu n d in g g o ld 5 s ............1947
ALLeg (fe W e s t S ee B u ff B <fc P
113% 113%
113% F e b ’ 02
J 113% 115
L o u is v N A <fe C h 1 s t 6 3 .1 9 1 0
A m L o c k & 1 m S ee C e n t o f N J
1 8 2 % 1 86
184 F e b ’ 02
J
8 9 5 % 99
C h ic M il (fe S t P a u l c o n 7 s 1 9 0 5
9 8 % Sale
98
98*2
A n n A r b o r 1 s t g 4 s ..........A 1995 Q -J
112 113*4
J 1 1 3 % .......... 1 1 3 % F e b ’ 02
104*2 151 103*4 104*2
T e r m in a l g o ld 5 s .............. 1 9 1 4
A t c h T <fe S F e g e n g 4 s . . .1 0 9 5 A -O 104*4 S a le 1 0 4
U 3 % 50 1 1 0 % 1 1 4 %
J 1 1 3 % 1 14% 1 1 3 %
G e n e r a l g 4 s s e r ie s A _ .e l 0 8 9
103 104
103*2 F e b ’ 02
R e g is t e r e d ........................... 1 9 9 5 A -O
1 0 5 % F e b ’ 98
-J
B e g is t e r e d ......................e l 98 9
9 3 34
9 3 34 *4 3 92
95%
9 3 % Sale
A d ju s t m e n t g 4 s ............/i l9 0 5 N o v
104% 1 0 4 %
104% J a n ’ 02
J
G e n e r a l g 3*2S s e r ie s B .r l 9 8 9
0 4 % J a n ’ 02
94% 94%
B e g i s t e r e d ................... 7CL995 N ov
1 1 9 % ......... 118% N o v ’ 01
89 9 2
C h ic (fe L S u D i v g 5 s . . ,1921 J - J
95%
03%
94
S t a m p e d ..................... 7 il9 9 5 Nov
11 1 1 8 % 1 2 3
12 3
122% ............ 123
C h ic <fe M o B i v D iv o s - .1926 J - J
C h ic cfe S t L o u is 1 s t 6 s . .1 0 1 5 M -S 118
114% 116%
1 1 5 % F e b ’ 02
11 6 117
.1 9 1 0 J - J
108*4 D e c ’ 01
C h ic <fe P a c D iv 6 s.
AtL K n o x & N o r 1 s t g 5 s . . l 9 4 6 J -D 100
116% 120%
120
120
120 121
C liic (fe P W i s t g 5 s ........ 1921 J - J
A t la n t a & D a n v S ee S o u th B y
1 1 2 % 115
115 F e b ’ 02
11 5 11 6
,1916 J -J
D a k cfe G t S o g 5s.
A t la n t a & Y a d k S ee S o u th B y
135
........ 1 3 7 % J ’l y ’ 99
F a r <fe S o u a ssu g 6 s ........ 1 9 2 4 J - J
A u s t in <fe N W S ee S o u P a c ific
4 122 % 122 %
1 2 2 % S a le 122 % 122 %
a t C r e e k <fe S S ee M ic h C en t
H a s t <fe D D i v 1 s t 7 s ........ 1910 J - J
108% 108%
____ 1 0 8 % J a n ’ 02
1 s t 5 s ................................... 1 9 1 0 J - J 1 0 8
a it (fe O h io p r io r l g 3 *28.1925 J - J
96*2 72 9 4 % 9 6 %
96
96*2 96*2
182% 182%
1 8 2 % J a n ’ 02
96*2 F e b ’ 02
B e g i s t e r e d ........................ 7 il9 2 5 Q - J
I (fe D E x t e n 1 s t 7 s ..........1 9 0 8 J - J
96*2 96*2
1 1 7 % .......... 117% O c t ’ 01
82 1 0 2 % 1 0 4 %
L a C r o s s e (fe D 1 s t 5 s ___ 1919
G o ld 4 s ................................7 il9 4 8 A -O 1*04* * S a le 1 0 3 %
104
109% 1 0 9 %
10 9
.......... 1 0 9 % F e b ’ 02
1 0 2 103%
M in e r a l P o in t D i v 5 s ___ 1 9 1 0
B e g i s t e r e d .................... 7CL948 Q -J
102*2 F e b ’ 02
11 4 1 16
116
1 16 S a le 116
S o M in n D i v 1 s t 6 s . . . . . . 1 9 1 0
C o n v d e b 4 s .........................1911 IVI-S 107 34 Sale 107
108*4 4*78 1 0 4 1 0 8 %
113% 114%
1 14% F e b ’ 0 2
1 14 % 1 1 6
S o u th w e s t D i v 1 s t 6 s ___ 1909
90*2 92*2
P J u n & M D i v 1 s t g 3 % s l9 2 5 M-N
92
S ale
91%
02*2
116% 116%
1 1 8 % ......... 1 1 6 % J a n ’ 02
W is & M in n D i v g 5 s ___ 1921 J - J
B e g i s t e r e d .................... p l 9 2 5 Q -F
115 11 6
116
6 4 100*2101
M il & N o 1 s t M L 6 s . . . . 1 9 1 0 J -D 1 1 5 *8 1 1 7 % 116
101
P L E & W V a S y s r e f 4 s l0 4 1 M-N 101
S a le 100%
120% 120%
138 90*8 91
1 s t c o n s o l 6 s .................... 1 913 J -D 121 ........ 1 20% F e b ’ 02
90*2
91
S o u t h w D iv 1 s t g 3 has.. . 1 9 2 5 J - J
9 0 78 S a le
90*2 J ’ n e ’ 01
B e g i s t e r e d .................... 7CL925 Q -J
C h ic a g o <fe N o r t h w e s t e r n
L39% 1 3 9 % 29 1 3 8 % 141
1 1 1 M a y ’ 00
C o n s o lid a te d 7 s .................1915 Q -F 1 3 S % 13 9
M o n o n B i v 1 s t g u g 5 s . . 1 9 1 9 F -A
103% 103%
103% J a n ’ 02
G o ld 7 s ................................... 1 902 J -D 1 0 3 % ____
1 1 2 N o v ’ 01
C en O h io B 1 s t c g 4 % s . . l 9 3 0 M -S
102 D e c ’ 01
B e g i s t e r e d ........................ 1 9 0 2 J -D 1 0 3 % ____
B e e c h C r e e k S ee N Y C & H
B e lle v (fe C ar S ee I llin o is C e n t
E x t e n s io n 4 s .......... 1 8 8 6 -1 9 2 6 F -A 1 0 6 % ____ L09 D e c ’ 01
107 M a r ’ 00
B k ly n (fe M o n ta n k S ee L o n g 1
B e g is t e r e d ______ 1 8 8 6 -1 9 2 6 F -A
111 O c t ’ 01
B r u n s (fe W e s t See S a v F I (fe W
G e n e r a l g o ld 3*2S...............1 9 8 7 M-N
103
N ov ’98
B u ffa lo N Y <fe E r ie S ee E r ie
B e g i s t e r e d .................... 2^1987 Q -F
117
16 115
117
117
B u ffa lo B
P g e n g 5 s . . .1 9 3 7 M -S 1 1 8 *2 1 1 9 *2 1 1 9 * 2 F e b ’ 02
S in k in g fu n d 6 s . ..1 8 7 9 -1 9 2 9 A - O 11 7 1 20
1 1 8 *2 1 1 9 *2
111
O ct ’ 00
B e g is t e r e d ............ 1 8 7 9 -1 9 2 9 A -O
A l l <fe W e s t 1 s t g 4 s g u ,.1 9 9 8 A -O
ib s % io 9 %
C l cfe M a li 1 st g u g 5 s ___ 1 9 4 3 J - J
S in k in g fu n d 5 s . ..1 8 7 9 -1 9 2 9 A -O .......... 1 1 0 % 1 0 9 % F e b ’ 02
103 A p r *97
128
128 1 2 8
B e g is t e r e d ............ 1 8 7 9 -1 9 2 9 A -O ...................... 1 0 7 % M a y ’ 01
B o c h <fe P it t s 1 s t g 6 s . . . 1921 F -A 1 2 8 S ale 1 2 8
i*08% i 0 9 %
1 909 M-N 1 0 9 % j 09% 109%: 1 0 9 %
C o n s o l 1 s t g 6 s ...............1922 J - D 1 2 7 34 120*2 127*2 127*2
D e b e n t u r e 5 s ............ .
127*2127*2
108 O c t ’ 01
1 9 0 9 M-N
B u ffa lo cfe S o u th w e s t S ee E r ie
115
..........i l 5 “
115 J a n ’ 02
1 0 0 N o v ’ 99
D e b e n t u r e 5 s ...................... 1 9 2 1 A -O 1 1 4 %
B u ffa lo <fe S u s q u 1 s t g 5 s . . 1 9 1 3 A -O
114 O c t ’ 01
B e g i s t e r e d ............................1 0 1 3 A -O
B e g i s t e r e d ........................ 1 921 A -O 1 1 4 %
121% 122
122 F e b ’ 02
12 1 %
1 s t r e fu n d in g g 4 s ........ *71951 J - J
S in k in g fu n d d e b 5 s ........ 1 9 3 3 M-N
99 ........ . 101 N o v ’ 03
123 M a y ’ 01
104*2 1 0 5 *<
B e g i s t e r e d ........................ 1 9 3 3 M-N
B u r C e d a r B <fe N o 1 s t 5 s . 1 9 0 6 J -D 1 0 5
........ . 105*4 F e b ’ 02
1 2 4 % 124%
C on 1 st (fe c o l t r u s t g 5 s . . 1 0 3 4 A-O 1 2 4 % ........ 124% F e b ’ 02
D e s M o & M in n 1 s t 7 s . . 1 9 0 7 F -A
124
124% 124%
B e g i s t e r e d ........................ 1 0 3 4 A -O 1 2 4 % Sale 1 2 4 %
M ilW (fe M a d is o n 1 s t 6 s . . 1905 M -S 1 0 9 % ........ 113 J a n ’ 01
1 1 1 % ...... 1 1 0 % O c t ’ 01
118
118
N o r t h I llin o is 1 s t 5 s ___ 1 9 1 0 M -S
C B 1 F & N W i s t g u 5 s . 1921 A -O 1 1 8 % ........ 1 1 8 J a n *02
O tt C F & S t P a u l 1 s t 5 s 1909! M- S 110 % ......... 110% A u g ’ 01
M (fe S t L 1 s t g u g 7 s ___ 1027 J -D
105% 106
105%
106
W in o n a (fe S t P e t 2 d 7 s . . 1907 M-N 1 1 9 % ........ 120*8 N o v ’ 00
la n a d a S o u tli 1 s t 5 s ........ 1 9 0 8 J -J * 1 0 5 % 1 0 6
13 7 % 1 3 7 %
M il L S (fe W e s t 1 s t g 6 s 1921 M-N 1 3 7 % Sale 1 3 7 % 1 3 7 %
'2 d 5 s ......................................1013 M -S * 1 1 0 * 2 1 1 0 % 110*2 110% 1 8 1 0 9 % 111
107 A u g ’ 01
1 28
128%
E x t <fe I m p s f u n d g 5s 1929 F -A 1 2 6 % 126% 128 J a n ’ 02
B e g is t e r e d ........................ 1013 M -S
142% 1 42%
1 4 2 % F e b ’ 02
A s h la n d D iv 1 s t g* 6 s . . l 9 2 5 M -S * 1 4 2 % 1 43
C a rb (fe S h a w n S ee 111 C e n t
139% 139%
1 3 9 % J a n ’ 02
140
....
M ic h D iv 1 s t g 6 s ..........1 9 2 4 J - J
C a r o lin a C e n t S ee S c a b <fe R o a n
1 0 7 % F e b ’ 01
C a r th a g e <fe A d S ee N Y C & H
C o n v e r t ib le d e b 5 s ___ 1907 F -A 1 0 5 % ----113 A p r '01
C ed R l a F <fe N S ee B C B (fe N
I n c o m e s ............................ 1911 M-N 1 1 0 % . . . .
12 8 13 0
130
9 4 D e c ’ 01
129
1 3 0 % 13 0
C en B r a n c h U P 1 s t g 4 s . .. 1 9 4 8 J -D
92
95
C h ic B o c k I s l & P a c 6 s . . . 1917 J - J
12 6 D e c ’ 01
B e g i s t e r e d ........................ 1917 J -J *12 9 130
C en B r a n c h B y S ee M o P a c
111 % 177 105% 1 1 1 %
G e n e r a l g o ld 4 s .................. 1 9 8 8 J -J
C e n tr a l O h io S ee B a lt i <fe O h io
1 1 0 78 S ale 110 %
109 109
109 J a n ’ 02
108%
1 0 8 % 27 106*2 108*2
B e g i s t e r e d ........................ 1 988 J - J
C e n B B (fe B o f G a c o l g 5 s 1037 M-N * 1 0 8
121 *2 J a n ’ 02
D e s M cfe F t D 1 s t 4 s . . . .1 9 0 5 J -J
120 121*2
C e n t o f G a K B 1 s t g 5 s . . p 1945 F -A 110
9 8 % 100% 9 9 % F e b ’ 01
8 6 % A u g ’ 00
1 s t 2 % s .........
1 905 J - J
R e g i s t e r e d ....................... 2? 1 9 4 5 F - A
97
D e c ’ 00
E x t e n s io n 4 s ................ 1 905 J - J
C o n s o l g o ld 5 s .................... 1 0 4 5 M-N 110*2 S a le 110*2 1 1 0 % 65 106*2111*2
1 1 0 % J a m ’ 02
110 % 1 1 0 %
K e g is t e r e d ........................ 1 0 4 5 M-N
K e c k (fe D e s M 1 s t 5 s ___ 1 923 A -O 110 %
105*2 S e p ’ 01
ChiC(fe S t L S ee A t c h T (fe Sa F e
7 9 % 34 ............
79
76
80
1 s t p r e f in c o m e g 5 s
p i 045 O ct
79*2 79
41 32% 3
35
34
34
Sale
2d p r o f in c o m e g 5 s
p 1045 O ct
C h ic S t L (fe N O S ee 111 C e n t
31 18*2 2 1 3 C h ic S t L <fe P it t s See P en n jC o
20
19*2
3d p r e f in c o m e g 5 s
p i 9 4 5 O ct
19*2 S a le
1 3 9 % 140%
9 3 % F e b ’ 02
140% 140%
C hat l D iv p u r rrion g 4 s . J 051 J -D
91% 934 C h ic S t P M <fe O c o n 6 s . . . 1 9 3 0 J -D 1 4 0 % 141
95
C h S t P (fe M in n I s t g G s 1 91 8 M-N 1 4 0 % ........ 1 4 0 %
D e c ’ 99
14 0 1 4 0 %
M a c (fe N o r D i v 1 s t g 5 s . 1 0 4 6 J -J
140%
106
102 J ’ n e ’ 99
140 M a r ’01
M id Ga<fe A t i D i v 5 s ___ 19471 J - J
N o r W is c o n s in 1 s t 6 s . ..1 9 3 0 J -J
129% 130%
1 06 106
S t P <fe S C ity 1 s t g Gs. ..1 9 1 9 A -O * 1 3 0 % ........ 1 3 0 %
M o b ile D iv 1 s t g 5 s ......... 1 9 4 6 J - J
130%
1 0 8 * 2 ........ . 1 0 6 J a n ’ 02
1 0 3 % 103
C h ic a g o T e r T r a n e g 4 s . .. 1947 J - J
C e n t o f N J 1 st c o n s o l 7 s . .1 9 0 2 M-N 1 0 3 * 2 ........ 103*8 J a n ’ 02
87
88
86
90
8 8 S ale
G e n e r a l g o ld 5 s ...................1 9 8 7 J - J
119*4 N o v ’ 01
137
S ale 1 3 6 %
137*2 105 [132 1 3 7 % CliiCcfe W e s t I n d g e n g 6 s <71932 Q-M
21 131 137
137
C h ic (fe W e s t M ic h B y 5 s . . 1921 J -D
............... /U 9 8 7 IQ -J
100 O c t ’ 99
1 3 6 * 2 ........ 136%
B id

rl S k

L ow

H i g h No

L ow

H ig h

v
v

111

111

A

B

C

IV U S C E L LA N E O G S
S treet R a ilw a y
B r o o k ly n B a p T r g 5.8........1 9 4 5 A -O
A t l A v B k ly n im p g 5 s . . 1934 j J - J
B k C ity 1 s t c o n 5 s . 1916, 1941 J - J
B k Q Co<fe S co n g u g 5 « . 1 9 4 1 1M-N
B k ly n Un El 1 st g 4 -5 8 .1 9 5 0 F -A
K i n g s C o E l l e t g 4 8 . . . . 1949 F -A
N a ss a u E le c g u g 4 s ___ 1951 J J
C ity <fe S B y B a lt J s t g 6 8 .1 9 2 2 J - D
C o n n I ly <fe E 1s t <fe re f g 4 %s ’ 51 J - J
D cji C ou T r C o 1 s t g 5 s . . . 1933 A -O
D en '\ ram C o co n g G s.. 1910 J -J
M cl. B y <Jo I s t g u g 6 s . J 9 J J J - J
In t ( \t st. Ify Jst. c o n g 5 s . 1905 J - J
Or B a p id s Ity Js t g 5 s . . . o l 9 1 6 J - D
L o u is B y C o 1s t c o n g 6 s . . J930 J - J
M a r k e t Bt (J B y J st g Gs. .1 9 1 3 J - J
M e t 8 t B y g e n c o l t r g 5 s. J997 F A
B w a y (fe 7 Ui A v 1 s t e g 6 s 1943 J - D

9
107%
108
110
Jan ’ 99
V V V i i 2 % 1 1 2 % F e b ’ 02
100 l 03
** 2
103
103
100% Sab- 100%
103
101
9 0 % 9 0 % 90*8
9 0 % 26
1 0 7 % 108

R O N D S —C o n tin u ed o n N e x t P a g e .

107

108%

i 12% 112%
J00
103
1 0 0 % 102 %
90
92

...................... 100% N o v ’ 01
95 J ’ n e ’ 00
—

.......... - - - - - - 103 * N o v ’*01
109
12*6 * 1 2 i "
119
122

No [u ice Friday; latest price this week,

a

M a r ’ 98

i2i
i2 * f *
J 18% J an ’ 02

Due Jan

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

d

J

ii o ” 122"
1 18% J 18%

Due A or

e

S treet R a ilw a y
M e t S t B y —( C o n tin u e d )
Col<fe 9 t l i A v l e t g u g 5s..1 9 9 3
I (ex A v (fe P F 1 s t g u g 5s 1 993
T h ir d A v o B B c o n gu 4 s 2000
T h ir d A v o B y l e t g 5 s . . 1937
M e t W S E l (C liic ) 1s t g 4 s. 1938
M il E l B y <fe L 3 0 -y r g 5s. 1 9 2 0
M in n S t B y 1 s t c o n g 5 s .. 1 919
S t P a u l C ity C a b c o n g 5 s. 1937
G u a r a n te e d g o ld 5 s .......... 1937
Union El (Cliic) 1st g 5s.. 1945
W C h ic S t '4 0 -y r J st cm* 5s. 1928
4 0 -y e a r c o n s o l g o ld 5 s . .. 1936

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

G a s m id E le c t r ic L ig h t
A t la n t a G L C ' o l s t g o s . .1 9 4 7 J -D
B o s U G a s t r c t f s s i g 5 s. 1939 J-.J
B k ly n [j G a s 1 st c o n g 5 s 194 M-N

Due May

g

Due J 'no

h

Due J ’iy

k

..........
1 23
122
12 4
101 % S a le
124
..........

1 2 4 % F e b ’ 02
12 4 F e b ’ 02
101 % 1 0 1 % li) i
1 2 4 % F e b ’ 02
101
101
10

109%
111E

110 A p r ’ 01
1 1 4 % N o v ’ 01

124%
1.23
99%
123
LOL

124%
124
19! %
125
10 3

J09 % D e o ’ 99
.......... - - - - - -

117

Due Aug

p

99

D e o ’ 97 —

91 % O c t ’9 8 . . . .
.......... 1 17% F e b ’ 02 —

Duo Nov

g

...... ......
— ................

...........
117
119

Due Doc ,vOption sale

Bond Record— Continued— Page 2

466
■

1

HON IJ »
>
N . Y. S T O C K E X O H A N G E J v
E nijlno F e b . 2 8
^
Wu

P rice
F r id a y
Feb. 28

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

Weetc's
R a n g e or
L d ii b a le

R id
A sk
O h oc O k a G g e n g o s __ 0 1919 j J 110 ..........
1905 A O
Oiii H
id 4 *20..................... .. 1937 J J
* 1 14*2.........
(Jili 11 So l 1st g u g 5 s . .. 1941 M
C I St t 6 0 Bee 0 0 0 <fe S t LI
Oin fci Sc (J See G O O 8 t L
C lea r tie Ul & M ah See H R & v
C le v e la n d 0 in C h ic Sc S t L o u is
103*4 Sale
G en era l g 4 s ..................
1996
102
C airo C iv 1 st g o ld 4 s ___ 1939
io i\
C in W Sc M C iv 1st g 4 s . 1991
ib -i S ale
S t L C iv 1st c o l tr g 4 s . . 1990

Low
H ig h No Low H ig h
3 >105 110*2
110*4 110*4
l L I D e e ’ 01
L13 O c t ’0 0
114H» J an 'Wt
114*2 114*2

[Vol. LXX1V.

H O N 'D *
N. Y . S T O C K E X C H A N G E

.2V.

tr ic e
F r id a y
Feb. 28

W eek E nding F eu . 28

R id

So S o b e e Oh M So St P
1Oargo
lin t & F e re M See P e re M ar

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

A 6k Low

<-0
R an ge
S in ce
^<0 J a n u a ry 1

H igh No

Low

H ig h

100 S ep ’ 00
F la C en So P en 1st g 5 s . . . 1918 J -J 105*2
103
1st la n d g r e x t g o ld o s .. 1930 J -J
C o n so l g o ld 5 s ...................1943 J-J
106*2 106 *2
106*4
106*2 106*2
105 M ar’98
F o rt S t IJ 1) Co 1st g 4 % s .l9 4 1 J J
114*4 310 106 114*4
F t W Sc D en C 1st g 6s ___ 1921 J - D 114 Sale 112
15 88
Ft W
R io G r 1 st g 3 4 s. 1928 J -J
88*2
89
89
88*4 80
/ i a l H a r Sc 8 a Bee S o P a o C o
v T a l H So H o f 1 8 8 2 1 s t 5 s. 1913 A O 108 ......... 106*4 .Tan *02
14! 102*4 104
103
103*2 104
106*4
1 10*0 ......... 98*2 N o v ’ 00
G a Sc A la R y 1 st c o n 5fi. . u 1945 J -J
102 J an *02
102
104 *2 D ec ’ 01
109
*2
J
au
’
02
109
*2
109 *2
G a C ar So N o 1st g u g 5 s .. 1929 J -J
110*0.........
104
104
G e o r g ia P a c ilic See So R y
103 104
G ila V G Sc N o r See Bo P a o Co
99 Mu.y’ 99
R e g i s t e r e d ......................... 1990
100 J ’ n e’ Ol
io u v Sc O s w e g a t See N V Cent
Spr
C ol C iv 1st g 4 s . . 1940
83 N o v ’ 99
G ra n d R ap A In d See P en n Co
W W V al C iv 1st g 4 s . . . 1940
G r a y ’ s P t T e r m See S t L S W
C l S t L Sc 0 c o n s o l 6 $ .. 1920
9 5 34
96*8 528 95*2 97
9 5 7e Sale
105 106
G t N o r —C B Sc Q c o ll tr 4s 1921 J - J
104 105% 106 J a n ’ 02
1st g o ld 4 s ......................AH936
G r e e n b r ie r R y See d i e s Sc O
R e g i s t e r e d ................fcl9 3 0
ail & S t J o See C B So Q
116 ____ 115 *2 O ct 01
C in S
01 c o n 1st g 5 s . . 1928
134 *s Jan U2
o u s a to n ic See N Y N II & 11
128 *4 131
134 Sj 134*8
C C C tfc 1 co n s o l 7 s ......... 1914
H o c k V al 1st c o n s o l g 4 %s. 1999 J -J 109 110
109*2 109*2
107*4 109*2
C on sol sin k fu n d 7 s . . ..1 9 1 4
R e g is te r e d ........................... 1999 J -J
135 *2 D e c >01
13 4 %
G e n e ra l co n s o l g o ld 6s . 1934
104 O c t ’ 01
C ol So H V 1st e x t g 4 s. .1 9 4 8 A-O 105*4 106
R e g is t e r e d ............... 1934
ll o u s t E Sc W T e x See S o Pat
104*2 N ovv6 i
I n d HI So W 1st p r e f 4s. 1940
M ount So T e x C en See So P a c C o
O In d So W 1st pf 5 s . . . d l 9 3 8
116 F e b ’ 02
115 116
101*2 Sale 101*2 j 01 % 50 98*a 101*2
llin o is C e n tra l 1 st g 4 s . . 1951 J -J 116
P e o tfe E ast 1st co n 4 s . . . 1940
U S *2 M a r’ 00
R e g is te r e d ...................... 1951 J - J 1 16
81 Sale
81
82
76
82*2
I n c o m e 4 s ........................ 1990 A p r
104
105% F e b ’02
i'0 5 % i 0 5 38
1 st g o ld 3 *28........................1951 J -J
Cl L or Sc W it eo n 1st g 5 8 .1 9 3 3 A O 1 1 6 % ........ 115 N o v ’ Ol
102 *2 A p r ’98
R e g is t e r e d ...................... 1951 J - J
C le v Sc M a rietta See V e n n U li
1st g o ld 3s s t e r lin g ......... 1951 M-S
C lev ife M ahon V al g 5 s . ..1 9 3 s j . j
127 *2 J a n *02
126*4
127*2 127*2
R e g is t e r e d ....................... 1951 M S
R e g is te r e d ....................... 1938 Q-J
10 0 :,4 Jan
105 *2 1 0 6 34
C oll T r u s t g old 4 s ........... 1952 A-O 105*2
C le v Sc P itts See P en n Co
102 O ct
86% Sale
87
R e g is te r e d ...................... 1952 A O
87 241 82
8 5 34
C ol M id lan d 1 st g 3 -4 S ....1 9 4 7 j - j
105 F e b
l o r io o ”
86 *2 S ale
I. N O So T e x g o ld 4 s ___ 1953 M-N 105
86
1st g o ld 4 s ........................... 1947 J . j
86*2 25 82*4 86*2
98 Jau
94 S a le
R e g is t e r e d ...................... 195. M-N
C olora d o So S ou 1st g 4 s . ..1 9 2 9 F -A
94
9 4 7e 204 91
0 4 78
C airo B r id g e g o ld 4 s ___ 1950 J D 112*2 ......
C olu m So G re e n v See S o R y
100*2101
L ouisv ille D iv g o ld 3 *28.1 9 5 8 J -J 101 102
100*2 F e b ’ 01
C ol <fc H o c k V a l See H o c k Y a l
R e g is t e r e d ........................1953 J -J
C ol C on n Sc T e r m See N & W
120
123 M ay’ 99
M id la n d D iv r e g 5 s ......... 1921 F A
C on n Sc P as Hi v s 1st g 4 s . 1943 A -0
90*4 A p r ’ 01
S t L o u is D iv g o ld 3 s ___ 1951 J -J
ak So G t S o See C M Sc S t P
R e g is te r e d ........................1951 J -J
alias Sc W a c o See M K Sc T
1 0 1 % 101*4 A u g ’ Ol
120*s J a n *02
G o ld 3*28........................... 1951 J -J l o l
120 120*3
D e l L acktfc W e s te r n 7 s . . .1 9 0 7 M S 121
101 *« O ct ’ 99
R e g is t e r e d ....................1951 J -J
M o rris Sc E s s e x I s t 7 s . . . l 9 1 4 M-N 136U
l o 6 7s 136 7s 10 1 3 6 * 8 1 3 6 7$
100 N o v ’ 00
S p r in g D iv 1 st g 3*28. . . 1951 J - J
1st c o n s o l g u a r 7 s ........1915 j - D
13738 138
137°8
1 3 7 34 P e l)’ 02
113*2 113*
W e ste rn L in e s 1 st g 4 s .. 1951 F -A 113
140 O ct ’ 98
113*2 1 1 4 3.i
R e g is te r e d ....................1915 J -1)
14 133*2 135
N Y L a ck Sc W 1st 6 s . ..1 9 2 1 J .J 134*2 135
R e g is t e r e d ....................... 1951 F A
135
135
124
M
ay’
01
126
B e lle v So C ar 1 st 6 s ........1923 J -1)
C o n stru ctio n 5 s ........... 1923 F -A
1 1 6 * 2 ____ 119*2 J ’ l y ’ Ol
90 N o v ’ 98
G arb & S h a w 1st g 4 s . . . 1932 M-S * 1 2 6
T e rm Sc im p r o v e 4 s ___ 1923 M-N *1 0 5 *2____ 103*2 103*2
103*2 103*2
1 2 9 * 2 )3 0
130 F e b ’ 02
C h ic S t L Sc N O g 5 s . . .1951 J-D 129*2
S y r B in g <fc N Y 1 st 7 s . .1 9 0 6 A -O 1 1 6 34 ____ 116% F e b '0 2
11634 H O 3.
124 S e p ’ 01
R e g is t e r e d ....................... 1951 J - D
W a rre n 1 st r e f g u g 3 % s. 2 0 0 0 f - A
101 *4 O ct ’ 01
99
G o ld 3*28........................... 1951 J -D
D el Sc H u d 1st P a C iv 7 s . 1917 M -S 147
147*2 D e c ’ 01
149 A u g ’ Ol
R e g is t e r e d ....................1951 J - D
R e g is te r e d ....................... 1917 M-S
106 O ct ’ 01
115% F e b ’ 02
M e m p h D iv 1 st g 4 s . . . 1951 J -D 105
A lb Sc S u s 1 st c o n g u 7 s .1906 A -0 1 1 5 34
115% 1 1 5 34
R e g is t e r e d ....................1951 J -D
R e g is te r e d ....................... 1906 A -0
122 J ’ n e ’ 99
104*2 J a n ’ 02
104 *2104 *u
1 1 0 78 D e c ’ Ol
S t L S ou 1 st g u g 4 s ___ 1931 M-S 102 *2
G u a r g o ld 6 s ................... 1906 A -0 i i i H
1113011138 In d B1 So W e s t See C C O & S t L
R e g is t e r e d ....................1906 A -0
11138 F e b ’ 02
109 N o v ’ Ol
152 O c t ’ 01
In d D e c & W 1 st g 5 s ........1935 J -J 105*8
R e n s Sc S a ra to g a 1 st 7 s . 1921 M-N 150*4
151 J a n ’ 01
1 s t g u a r g o ld 5 s ..................1935 J -J
R e g is t e r e d ....................... 1921 M-N
100 100
1 0 0 *2 ....... 100 J a n ’ 02
I n d 111 So l a 1 st g 4 s ..........1950 J -J
D e l R iv R R B r id g e See P a R R
3 123 126
125
125
101 * 1 0 2 34 Int<& G re a t N o r 1 st g 6 s .. 1919 M-N 125 126
D e n v & R G r 1 st co n g 4 8 .1 9 3 6 J -J 1 0 2 % 1 0 2 78 102*2 1 0 2 34
102*2 1 0 2 34 19 100*2 103
111*4 J a n ’ 02
2d g o ld 5 s .............................1909 M-S 102 103
C on sol g o ld 4 Has............... 1936 J - J
111 112
5 75
80
3d g o ld 4 s ............................. 1921 M-S .......... 82
I m p r o v e m e n t g o ld 5 s . ..1 9 2 8 j - C i i T i i 2 % 1 1 1 34 i l l 34
78*2
78*2
1 1 0 *2 1 1 2
116*4 117*2
I o w a C en tra l 1 st g o ld 5 s .. 1938 J -I) 1 1 7 * 2 ....... 117 F e b ’ 02
R io G r S o g u See R io O r S o
16 89
96 100
96*2 F e b ’ 02
95
96*2)
R e fu n d in g g 4 s .................. 1951 M-S
D e n So S W e s t g e n s f g 5s 1929 J -D
89*4 Sale
90
89*4
90
J e ffe r s o n R R S ee E rie
D ea M o i & F t D See u R «fe I P
D +s M & M in n See Ch So N W
ai A So G R See L B & M S
111 Fe b *01
an So M i d i See T o l So O C
D e s M o i U n R y 1 st g 5 s . .1 9 1 7 M-N 108
D e t M & T o l See Xj S So M So
K C F tS & M
See S t L-<& S F
D e t & M a ck 1st lien g 4 s . 1995 j -D 100 102 102 J ’l y ’Ol
K C <fc M R Sc B 1 st g u g 5s. 1929 A -O
9 4 ........
G o ld 4 s ..................................1995 J -D
92*2 J a n *02
92*2 92*2 K a n C Sc P a c ific See M K So T
73
7334 379 71*4 7 3 34
300 30
7 3 % Sale
K a n C ity S o u 1 st g o ld 3 s. .1 9 5 0 A -0
5 0 Sale
D e t M <fc M Id g r 3 *23 se r A 1911 A -O
54
45*4
54
63*4 O ct ’ 00
R e g is te r e d ........................... 1950 A -0
D e t S o u 1 st g 4 s ................. 1951 j - D
863s Sale
86*8
863s 124 84*2 863a
94
95*2 52 93*2 95*2 K a n sa s M id See S t L So S F
95*2 S ale
O h io S o u D iv 1 st g 4 s . . .1 9 4 1 M- S
D u l Sc I r o n R a n g e 1st 5 s .. 1937 A -O ..........1 1 6
113*2 F e b ’ 02
113*2113*2 K e n tu c k y C e n t S ee L & N
R e g is t e r e d ........................... 1937 A -O
K e o k So D e s M o See C R I So P
K n o x v ille & O h io See So R y
2 d 6 s ......................................1 9 1 6 J -J
120*4 121*2
a k e E r ie Sc W 1 s t g 5 s . . 1937 J -J 121 122 121*2 121*2
D u l S o S h o re So A t l g o s . . 1937 J -J *113 114
1 1 4 F e b ’ 02
111 114
116 11738
a st o f M in n See S t P M So M
2d g o ld 5 s ......................... 1941 J -J
1 1 7 * 2 ____ 11730 F e b ’ 02
113 113
a st T e n V a So G a See S o R y
N o r t h O h io 1 st g u g o s .. 1945 A-O 1 15 . . . . . 113 J a n ’ 02
L S h o Sc M ic h S See N Y Cent
E lg in J o l So E a s t 1 st g 5 s. 1941 M-N
115
115
115 115
109 110*2
E liz L e x So B San See C So O
L e h ig h V a l (P a ) c o ll g 5 s. 1997 M-N 1 1 0 * 4 ..... 110*2 F e b ’ 02
R e g is te r e d 5 s ......................1997 M-N
E lm C o r t < fc N o S e e L e h t fc N Y
i'0’9 *" ii*6 %
110*2 F e b ’ 02
110
E r ie 1 st e x t g o ld 4 s .............. 1947 M-N ..........121
115*2 Jan ’ 02
115*2115*2 L eh V a l N Y 1 st g u g 4 Has. 1940 J -J
1 0 8 34 N o v ’ Ol
R e g is t e r e d ........................... 1940 J J
2d e x t g o ld 5 s ..................... 1919 M -S 1 2 1 34 .......... 122 J a n ’ 02 — 121 122
11834 119
119 J a n ’ 02
3d e x t g o ld 4 ^ s ..................1923 M-S 1 1 6 34 .......... 111 J ’ l y ’ Ol
L e li V T e r R y 1st g u g 5 s .1941 A O 119
109 *2 O ct ’ 99
R e g is t e r e d ........................... 1941 A o
4 th e x t g o ld 5 s ....................1920 A -O 1 2 2 *8 . .
121% J a n ’ 02
121 1 2 1 %
109 J ’ n e ’ Ol
5th e x t g old 4 s ................... 1 9 2 8 J -D 1 0 9 % ......... 109*4 J a n ’ 02
1 0 8 5a 109% L e h V C oal Co 1 st g u g 5 s. 1933 J J 108*2
R e g is t e r e d ........................... 1933 J J
” 5 140% 142
1st c o n s o l g o ld 7 s .............. 1920 M-S 1 4 1 * 2 ......... 141*2 142
97 N o v ’ Ol
1 3 8 ......... 139
1 st c o n s o l g fu n d 7 s ........1920 M -S
L e h & N Y 1 st g u a r g 4 s . . 1945 M s * 9 7 %
2 139 139
139
R e g is te r e d ........................... 1945 M-S
E r ie 1st con g 4s p r io r .. 1996 J -J
99 Sale
9 8%
99*4 67 9 8 *4 1 0 0
99 A u g ’ Ol
R e g is t e r e d ....................... 1996 J -J
E l C Sc N 1 st g 1 s t p f 6 s .1914 A -0 116 119
101 *6 Sep ’ 99
G old g u a r 5 s ....................1914 A -0
146 87*2 9 0
1 st c o n s o l g e n lie n g 4 s . . 1 9 9 6 J -J
’8 7 % S ale
87*2
88
L e li & H u d R S ee C en t o f N J
R e g is t e r e d ....................... 1 9 9 6 J -J
04.
0
4
P e n n c o ll tr g 4 s .............. 1951 F -A
6 93*4 95*2 L e h So W ilk e s b See C e n t o f N J
9 3 * 2 ..........
L e r o y Sc C a n e y V a l See M o P
B u f f N Y & E r ie 1 s t 7 s .. 1916 J -D 1 3 2 * 4 .......... 133 J a n ’ 02
133 133
L o n g D o c k See E rie
B u ff & S W g o ld 6 s ..........1908 J -J
121*2122
122 F e b ’ 02
L o n g Is la n d 1 st co n g 5 s ./il9 3 1 Q -J 120
S m a ll.................................. 1908 J -J
1 st c o n s o l g o ld 4 s ..........931
C h ic So E r ie 1 st g o ld 5 s . . 1982 M-N 1.24 125
124*2 F e b ’ 02
123*2 125
Q -J 104
102 10S%
103
103 F e b ’ 02
G e n e ra l g o ld 4 s ..................1938 J -D
J e ff R R 1 st g u g 5 s ___ a l9 0 9 A - 0
106 J a n ’ 02 — 106 106
......... 1 0 8
104 104
104 F e b ’ 02
F e r r y g o ld 4 % s ..................1922 M-S
L o n g D o c k c o n s o l g 6 s . . 1935 A -O 1 3 6 .......... 137 N o v ’ Ol
100 O ct ’ 00
G o ld 4 s .................................. 1932 J-D
C oal So R R 1 st c u r g u 6 s . 1922 M-N 113 .........
99 102
102
102
U n ifie d g o ld 4 s ..................1949 M-S 101*4 102
D o c k So Im p 1 st c u r 6s . . 1913 J -J
118*2 A u g ’ Ol
111 111
....
111 J a n ’ 02
D e b e n tu r e g o ld 5 s ........... 1934 J -D n o
N Y So G re e n L g u g 5 s. 1946 M-N
109 O c t 59S
B k ly u So M o n t 1st g 6 s .. 1911 M-S 1 16 117
M id R R Ot is' J 1st g 6 s . 1910 A -0 ..........1 1 8
117*2 F e b ’ 02 — 115% 117*2
N Y S u s So W 1 st r e f 5 3 .1 9 3 7 J -J
1 st 5 s .................................. 1911 M-S ........ 111*2 109% J ’n e ’ Ol
118 .......... 116*4 F e b ’ 02
115*2116*4
116 118
2d g old 4*28..................... 1937 F -A
N Y B So M B 1st co n g 5s 1935 A -O ..........117*2 118 F e b ’ 02
95
.......... 94 F e b ’ 01
112*2 112*2
N Y & R B 1 st g 5 s ........1927 M-S 112*2 ....... 112*2 J a n ’ 02
G e n e ra l g o ld 5 s ..............1 9 4 0 F -A
109 F e b ’ 02
1 0 9 110*2
114*2 J a n ’ 02
114*4114*2
N o r S h B 1 st co n g g u 5 s o l 9 3 2 Q -J 1)2*4 . . . .
T e rm in a l 1 st g o ld 5 s . . . 1943 M-N I l 6 .......... 116 J a n ’ 02 — 1 1 6 116
29 1 1 S 34 1 2 0
L o u is v So N a s h v g en g 6 s. 1930 J -D 120 S ale 119*2 120
R e g is § 5 ,0 0 0 e a c h . . . 1943 M-N
G old 5 s .................................. 1937 M-N 1 1 4 * 4 ........ 114 S e p ’ 01
W iik Sc E a 1 st g u g 5 s . 1942 J -D 114*2 Sale 114*2 114*2 18 112*2114*2
101*2 102 101*2 1 0 1 7g 48 1 0 0 % 1 0 1 %
E r ie Sc P itts See P e n n Co
U n ifie d g o ld 4 s ..................1940 J -J
100 100
100 J a n ’ 02
R e g is te r e d ....................... 1940 J -J
E u re k a S p rin g s 1 st g 6s . . 1933 F -A
65 N o v ’ 97
115 115
115
115
E v a n s v ille So T e r r e H a u te
C oll tr u s t g o ld 5 s .............. 1931 M-N 114
1 00% 101*4
101*4 F e b ’ 02
C oll tr u s t 5-20 g 4 s. 1903-1918 A -0 1013s
1 st c o n s o l 6s ....................... 1921 J -J 1 2 2 % .......... 123*8 J a n ’ 02
123* b 123^8
106 D e c ’ 00
1 st g e n e ra l g o ld 5 s ..........1942 A -0
C ecilia n B r a n c h 7 s ..........1907 M-S
1 1 0 " .......... 11034 i n
15 1 0 8 % 111
114% U4%
114 *2 F e b ’ 02
M t V e r n o n 1 st g o ld 6 s . . 1923 A -0 112 ..........
E H So N a sh 1 st g 6s . . . . 1919 J -D 114 115
S u ll C o B ra n c h 1 st g 5 s . 1 9 3 0 A -0 1 0 L ..........
L C in So L e x g o l d 4*28. . . 1931 M-N 111*2 ....... 103 J a n ’ 98
N O <fc M 1 st g o ld 6 s. ...1 9 3 0 J -J ISO *2 Sale 1 30
E v & In d 1 st co n g u g 6s . . 1926 J -J 1 0 8 * 2 ........ . 1 1 4 A u g ’ Ol
130*2 IS i 2 S% i s o * i

102

H

21

I

D

K

L

E

M IS C E L L A N E O U S
G a s a n d E l e c t r i c L ig h t
C h G L & C C o See P G & C Co
C o lu m b u s G as 1 st g 5 s ___ 1932
C o n n R y <fc L See S tre e t R y
C on G as Co See P G So C Co
D e tr o it C ity G as g 5 s ......... 1923
D e t G as C o co n 1 st g 5 s . . .1 9 1 8
E d E l 111 B k n 5 ^ 1 C C o E L & P
E d E 111 See N Y G & E L H & P
E q G L N Y 1 st c o n g 5 s ..1 9 3 2
E q G & F u e l See P G Sc C Co
G a 8 <fc E le o B e r g C o 0 g 5 s . 1949
G r R a p G L Co 1 st g 5 s ...1 9 1 5
K O M o G as C o 1 st g 5 s . ..1 9 2 2
K in g s Co E l L tfo P g 5 s ...1 9 3 7
P u r c h a s e m o n e y 6 s ......... 1997
E d E l II B k n l s t o o n g 4s 1939
L a o G a s L o f S t L 1 st g o s .« 1 9 1 9
•Mut F u e l G a s C o See P e o p G as

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

J -J
J -J
F -A
M-S

94

96

......... 122

J -D
F -A
A -0
A -O
A -O *1 2 2
J -J * 9 6
Q -F 1 0 8

94
105

94
O ct ’ 01

7

92*2 95

118*2 O ct *01
61*o O ct ’ 01
107% D e o ’ 00

.......... 124*2 D e o *01
......... 97 F e b ’ 02
109
108
108*2

* No price Friday; latest bid and asked this week,

a

Due Jan

97
6 108
d

97
110

Duo Apr

G a s a n d E l e c t r i c L ig h t
N e w a r k C on s G as con g 5s 1948
N Y G E L H cfc P g 5 s . ..1 9 4 8
P u r c h a s e m o n e y g 4 s . . . 1949
E d E l 111 1st c o n v g o s . . 1910
1 st o o n so l g o ld 5 s .......... 1995
N Y t& Q E l Lcfc P 1 st co n g p s l 930
P a te r s o n So P G
Si g 5a. 1949
P e o G a sifc C 1 st g u g 6s . . 1904
2d g u a r g o ld 6 s ..................1904
1s t co n g o ld 6s ....................1943
R e fu n d in g g o ld 5 s ............ 1947
Ch G-Ltfe C k e 1 st g u g 5s 1937
C on G Co o f Oli 1st gu g o s . ’ 36
E q G & F Ch 1st g u g fta. 1905
M u F uel G as 1st gu g 5 s. 1947
T r e n to n G db E l 1 st g o s . . 1949
U t ic a E L St. P 1 st s t’ g 5s. 1950
W e s te r n G a s Co c o l tr g 5s 1983
e

Due May

h

Due J ’ty

k

J -D
J -D
F -A

M-S
J -J
F -A

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

1 16*2110
96 *2 Sale
109 Sale
121
105 ..........

115*8 F e b ’ 02
' 29
96*2
97
9
109
109
121 *2 A p r ’ 01
105 F e b *02 . . . .

103 ..........
1 03 ..........
122 124
109 *4.........
108*2 109
103
104

107 J ’ l y ’ OO
103 103
103 J a n *02
126
121*2 122
8 121
106 D e e ’98 ••••
109 * 109%
109 J a n *02
108*8 108*0 " 5 I 08 % 109
103*0 F e b ’ 02 *« « % 102 % 103%
105
i 05
105 J a n *02
109 Fob* 0\

M-N

Due Aug

0

Due Oct

■ fo T W a n 'O i ««««
q

112*2 115%
! 9 6 % 98 *2
1 0 .% 109
104*2 107

Due Deo * Option **is

BONOS
N . Y. S T O C K E X C H A N G E
w e k k E nding F e b . 28

P rice
F r id a y
Feb. 2 S

L ou Ihy cfe N a s h v —( C o n tin u e d )
N U & M 2d g o ld 6 s ........ 1930
P en sa cola D iv g old 6 s . . . 1920
St. L DiV 1st gold Os.........1921
2d gold 3 s .........................19SO
H en dor B d g e l s t s f g G s. 1931
K e n tu ck y C en t g old 4 s . . 1987
Life N cfe M tfe M 1 st g 4 t2s 1945
N F la tfe S 1st g u g 5 s . .. 1937
P ens <fc A t l 1 st g u g O s.. 1921
8 <fe N A la con gu g 5 s .. 1930
S in k fu n d g old 6s .......... 1910
L <fc Jell' B d g e Co g u g 4 s .. 1945
L N A cfe Ch See C I tfe L
ah on C oal See L S & M 8
an liattan R y co n s o l 4 s. 1990
R e g is te r e d ...................1990
M e tro p o l E l 1 st g 6 s ----- 1908
M an S W C olon iz g 5 s — 1934
M c K ’p t <fe B V See N Y C en t
M etro p o lita n E l See M a n R y
M e x C en t co n s o l g o ld 4 s .. 1911
1st co n so l in co m e g 3 s .a l9 3 9
2 d c o n s o lm c o m o g 3 s ..a l9 3 9
E q u ip <fe c o ll g old 5 s ........1917
2d series g old 5 s ........... 1919
M e x I n te r n a t 1 st co n g 4 s . 1977
M e x N a t 1st 6 s c tfs d e p ..l9 2 7
C tfs o f d ep 2 d in o 6 s A .7 il9 1 7
C tfs o f d ep 2 d in c 6 s B .M 9 1 7
P r io r lie n 4*23 (w i ) ........ 1926
1 st c o n s o l 4 s ( w i ) ........... 1951
M e x N o rth 1 st g old 6 s -----1910
M ich C en t See N Y C en t
M id o f N J See E rie
M il L S <fe W See C h ic & N W
M il <& M ad See C h ic <fe N W
M il <fe N o rth See Ch M <fe S t P
M in n & S t L 1 st g o ld 7 s .. 1927
I o w a E x 1 s t g o ld 7 s ........1909
P a c ific E x 1 st g o ld 6 s . . . 1921
S ou th W e s t E x 1st g 7 s . 1910
1 st c o n s o l g o ld o s .............. 1934
1 st a n d re fu n d g o ld 4 s . .1 9 4 9
M in n & S t L g u See B C R tfe N
Mcfe P l s t 5 s s t p d 4 s i n t g u 1936
M S S M & A 1 st g 4 in t g u 1926
M S t P & S S M c o n g 4 in t g u ’ 38
M in n U n See S t P M <feM
M o K a n & T e x 1 st g 4 s . . . 1990
2d g o ld 4 s ...........................#1990
1 st e x t g o ld 5 s ................... 1944
D a l <fe W a 1 st g u g 5 s ...1 9 4 0
K a n C <fe P a c 1 st g 4 s . ..1 9 9 0
M K <fe T o f T 1 st g u g 5s. 1942
S h erS h ife S o 1 st g u g 5 s. 1943
T e b o & N e o s h o 1 st 7 s . . . 1903
M o K <fe E 1 st g u g 5 s ........1942
M iss o u ri P a c ific 3d 7 s ........1906
1 st co n s o l g old 6 s ..............1920
T r u s t g o ld 5s sta m p ed , a l 917
R e g i s t e r e d ................... « 1 9 1 7
1 st c o ll g o ld 5 s ................... 1920
C en t B r R y 1 st g u g 4 s . 1919
L e r o y & C V A L 1 st g 5s 1926
P a c R o f M o 1 st e x g 4 s . 1938
2d e x te n d e d g old 5 s . . .1 9 3 8
S t L I r M<fe S g e n c o n g 5 s l9 3 1
G e n c o n stam p g td g 5s 1931
U n ifie d <fe r e f g o ld 4 s . .1 9 2 9
V e r d i V I & W 1 st g 5 s. 1926
M iss R iv B r id g e See C h ic <fe A lt
M o b <fe B in n p r io r lie n g 5s 1945
M o r tg a g e g o ld 4 s .............. 1945
M o b J a c k <fe K C 1 st g o s . 1946
M ob <fc O h io n e w g o ld 6s . . 1927
1 st e x te n s io n g o ld 6 s ../i l 9 2 7
G e n e ra l g o ld 4 s ..................1938
M o n tg o m D iv 1 st g 5 s .. 1947
S t b <fe C airo g u g 4 s -----1931
C olla tera l g 4 s ..............e l9 3 0
M o h a w k <fe M ai See N Y C if e H
M on on g a h ela R iv See B & O
M o n t C en t See St P M & M
M o r g a n ’ s L a <fe T See S P Co
M o rris <fe E s s e x See D e l L <fe W
ash C hat <fe S t L 1 st 7 s. 1913
1 st c o n s o l g o ld 5 s ..........1928
J a s p e r B ra n ch 1st g 6s . . 1923
M c M M W <fe A i 1 st 6 s . . 1917
T <fe P B ra n ch 1st 6 s . . ..1 9 1 7
N ash F lo r <fe S h ef See L <fe N
N ew H & D
See N Y N H & f l
N J J u n e R R See N Y C e n t
N e w <fe C in B d g e See P e n n Co
N O <fe N E p r io r lie n g 6 s ^ 1 9 1 5
N Y B k ln & M an B c h See L I
N Y C en t <fe H R 1 st 7 s . . .1 9 0 3
R e g is te r e d ....................... 1903
G old m o r tg a g e 3 ^ s . . . . . . 1997
R e g is te r e d ....................... 1997
D e b e n tu re 5 s o f . . .1 8 8 4 -1 9 0 4
R e g is te r e d ........... 1884-1904
B e g is t d e b 5s o f . . .1 8 8 9 -1 9 0 4 MD e b e n tu re g 4 s . ...1 8 9 0 -1 9 0 5
R e g is te r e d ........... 1890-1905
D e b t ce r ts e x t g 4 s ..........1905
R e g is te r e d ....................... 1905
L a k e S h ore co ll g 3 *28--.1 9 9 8
R e g is te r e d ....................... 1998
M ich C e n t c o ll g 3 ^ s ___ 1998
R e g is te r e d ....................... 1998
B eech C reek 1st g u g 4 s . 1936
R e g is te r e d ....................... 1936
2d g u g o ld 5 s ..................1936
C art As A d 1 st g u g 4 s . . .1 9 8 1
C learfield B itu m C oal C orn—
i s t a f Int g u g 4 s s e r A 1940
G ouv«feO H w e 1st g u g 58 1942

M

N

Bond

Record— Continued— Page

W eek's
Jianf/e or
Last Sale.

B on d s
j S old

March 1, 1D02. |

l/ifili No
A slc Low
.......... 122*2 Jail ’ 02
' 10
115
116
120 i«2......... 127*2 F o b * 02
73*2 A u g ’ 01
1 13 Nov* 9 9
" 0934
10 0 34 l()0 ;i.1 2
1 10 ‘4 Jan ’ 02
*1 11^ 11511 1 14:»i F e b ’ 02
1 1 2 18 l l 3 1ti 112*8 F e b ’ 02
110
115 D e c ’01

B id
123

100

95

..........

147*2 f a n ’ 02
119 *4 J a n ’ 02
1 2 7 34 F e b ’ 02
121 J a n ’ 02
122
122
106
106
103
98

99
I 10*4
112
112

1 1)034
1 1 0 'l
1 147g
112*8

13 113

—

82
83*2
3030 33*2
21
23*2

100*2101

20 35
35*8
118 102*8102*2
124 8 0 38 8 0 34

147*2147*2
119*4 119*4
127 1 2 7 34
121 121
' 3 120*4 122
6 103*2106

99*2
99 7g
83
8 3 34
1 0 5 34 1 0 5 78
106*4 Sal© 106*8 106*4
8 9 .......... 92 J a n ’ 02
* l0 5 * a .......... 107 F e b ’ 02
105 *2 J a n ’ 02

99 9 8
99 78
96 8 1 34 84
15 103 106*8
17 102 106*4
91
92
105*210738
101*2105*2

2 111 112
112
112
1 1 3 34 F e b ’ 02
1 1 3 34 1 1 4 34
124*2 124*2 " 7 123*2124*2
43
109
109*4
1 0 6 34 109*4

1
106 78 .......... 1 0 6 34 1 0 6 34
16
91*8
94
9 4 S ale
1 0 0 M a y ’ 01
105 F e b ’ 02
i0 4 * 4 105
113 .......... 1 1 4 J a n ’ 02
118*s S ale 1 1 8
113*8 *75
115*2 D e c ’ 01
94
94*4 101
94*4 Sal©
9 8 ..........

106 -10834
91*8 94*2
105 107*4
1 1 4 114
117*4118*8
92*2 94*2

110*4 J ’ ly *00
8 6 ^ ..........
1 3 0 78 Sale 1 3 0 78 131*8 13 1 3 0
127 F e b ’ 02
* ..........128
127
“ 5 98
98
9 8 .......... 9 8
1 1 4 .......... 114 F e b ’ 02
114
9 9 O c t ’ 01
92*2 9 4
9 9 .......... 95*4 N o v ’ 01

1 2 6 34 F e b ’ 02
"2
115
115
113 D e c ’ 99
111

126*4 127
114 115

D e o ’ 99

4 103*8103*8
1 0 3 *8 .......... 103 ff8 1 0 3 3s
103*8 103*4
1 0 3 * 2 ......... 103*4 F e b ’ 02
*18 1 0 8 109
109 Sale 1 0 8 34 109
109 Jan ’ 02
109 109
1 0 3 78 104
104*4105*4 1 0 4 J a n ’ 02
103*2 J a n ’ 02
103*2 10334
109*2 S e p ’ 97
103*8 A p r ’ 01
101 102
100*4 100*4
1 0 0 * 2 .......... 100*4 J a n ’ 02
1 0 0 78 J a n ’ 02 . . . . 100*2101
101*4 102
1 0 0 * 8 N o v ’ 01
9 5 34
96*4 72 *95*4 98
95*2 96
* 94
94*2 94*2
94*2 50 93*2 96*4
94*4 97*8
.......... 96*2 95*4 F e b ’ 02
9 3 * 4 F e b ’ 02
93
96
1 1 0 .......... 111*4 Sep ’ 01
106 J ’ n e’ 98
1 1 7 * i..........
• ..... . . . . . .

92 *2 D e c ’ 01 —

‘ No p rice

F rid a y ;

100

100
100
100 *2 M ay’ 01
100*2 O c t ’ 00
109 O ct ’ 99
114 N o v ’ 01

••••♦• ••••••

N Y C e n tife II R— (C 'ontinu('d)
M oll <fe Mai 1st gu g Ah.. 1991 M S
I n co m e 5 m........................1992 Sup
N .1 .1 lin o R gu 1h t 4 m. .. 1986 F A
R e g is te r e d ................. .1986 F A
N Y (fe lMi 1st coil g u g 4 m 1993 A O
N or ife M o n t 1Ht g u g 6 m. 11) 16 A-O
W ent S h ore lst4 ,H g u .... 2361 J- . J
R e g is te r e d ....................... 2361 J-.J
L ak e S h ore co n so l 2d 7 m. 1903 J D
RoglHt-ered...................... 1903 J -D
G old 3*98...........................1997 J -D
R e g is te r e d ...................1997 J -D
D o t M on 6b T o l 1 st 7 s. 1906 F A
Ka A 6b G R 1 st g n c 5 s. 1938 J -J
M ahon C ’ l R R 1 st 5 s .. 1934 J -J
P itts M c K cfe Y 1 st g u 6 8 .1 9 3 2 J -J
2d g u a r 6 s ......................... 1934 J -J
M c K e e s & B V 1 st g 6s 1918 J -J
M ich C en t 1 st c o n so l 7 s. 1902 M-N
1 st coil ho i 5 h....................1902 M-N
6 s ......................................... 1909 M-S
6 s ......................................... 1931 M-S
R e g is te r e d ....................1931 Q-M
4 s ......................................... 1940 J -J
R e g is te r e d ....................1940 J -J
B a t C <fe S ta r 1 st g u g 3 s . 1989 J -D
N Y <fe H a rle m g 3 *2 8 ...2 0 0 0 M-N
R e g is te r e d ....................... 2 000 M-N
N Y i f e N o rth 1 st g 5 s. ..1 9 2 7 A -O
R W ife O con I s t e x t 5 s ./ i l 9 2 2 A - 0
O sw e & R 2d gu g 5 s . ..e l 9 1 5 F -A
R W i f e O T R l s t g u g 5 s. 1918 M-N
U tic a ife B lk R iv gu g 4 s . 1922 J -J
N Y C h ic <fe St L 1 st g 4 s . 1937 A -O
R e g is te r e d ...........................1937 A -O
N Y <fe G r e e n w L a k e See E rie
N Y <fe H a r See N Y C & H u d
N Y L a c k & W See D L <fe W
N Y L E & W
S ee E r ie
N Y & L o n g B r See C e n t o f N J
N Y 6b N E See N Y N H <& H
N Y N H & H a r 1 st r e g 4 s. 1903 J -I)
A-O
C o n v e rt d e b c e r ts $ 1 ,0 0 0 ...
Sm all ce r ts $ 1 0 0 .................
H o u s a to n ic R co n g 5 s .. 1937 M-N
N H ife D e r b y c o n g 5 s . .1 9 1 8 M-N
N Y & N E 1 s t 7 s ........... 1905 J -J
1 st 6 s .................................. 1905 J -J
N Y <fe N o r th See N Y C & H
N Y O <fe W r e f 1 st g 4 s . .# 1 9 9 2 M-S
R e g is $ 5 ,0 0 0 o n ly ......... #1992 M-S
N Y & P u t See N Y C & H
N Y & E B
See L o n g Isla n d
N Y S & W See E r ie
N Y T e x & M See S o P a c Co
N o r & S ou th 1 st g 5 s ..........1941 M-N
N o r f & W e s t g e n g 6 s........1931 M-N
I m p r o v e m ’t <fe e x t g 6 s . . 1934 F-A
N e w R iv e r 1 st g 6 s ........1932 A-O
N ife W R y 1 st co n g 4 s . 1996 A -O
R e g is te r e d ....................... 1996 A -O
C C tfe T 1 st g u g 5 s ..........1922 J -J
S c io V tfe N E l s t g u g 4 s 1989 M-N
N o r th I llin o is See C hi tfe N W
N o rth O h io See L E r ie & W
N o r th e r n P a c ific —
P r io r lie n r y cfe 1 g r g 4 s. 1997
R e g is te r e d ..................,..1 9 9 7 Q-J
G en eral lien g o ld 3 s ___ a 2047 Q -F
R e g i s t e r e d ................... u2047 Q-F
C B tfe Q c o ll t r 4 s See G t N o r
S t P a u l-D u l D iv g 4 s . . ..1 9 9 6 J -D
R e g is te r e d ....................... 1996 J -D
S t P tfe N P g e n g 6 s . . ..1 9 2 3 F-A
R e g is te r e d c e r tific ’ s . .l 9 2 3 Q-F
St P a u l tfe D u l 1 st 5 s ___ 1931 F -A
2d 5 s .................................. 1917 A -O
1st c o n so l g o ld 4 s ..........1968 J -D
W a sh C en t 1 st g 4 s ..........1948 Q-M
N o r P a c T e r C o 1 s t g 6 s .. 1933 J -J
N o r R y Cal See So P a c
N o r W is See S t P M tfe O
N o r tfe M o n t See N Y C en t
I n d 6b W See C C C & S t L
h io R iv e r R R 1 st g 5 s. 1936 J -D
G e n e ra l g o ld 5 s ..................1937 A-O
O re tfe C al See S o P a c Co
O re R y tfe N a v See U n P a c
O re S h o rt L in e See U n P a c
O sw e g o cfe R o m e See N Y C
O C P & S t P See C cfe N W
a c C oast Co 1 st g 5 s ___ 1946 J -D
a c o f M iss o u r i See M o P a c
P anam a 1 st s fu n d g 4 * 2 S .. 1917 A -O
S in k fu n d s u b sid y g 6 s .. 1910 M-N
P e n n C o g u 1 st g 4*2S.........1921 J -J
R e g is te r e d ...........................1921 J -J
G u a r 3*28 c o ll tr u s t r e g . 1937 M-S
G u ar 3 *28 co ll tr ser B . . . 1941
C S t L tfe P 1 st con g 5 s .1932 A O
R e g is te r e d ....................... 1932 A -O
Cl tfe P g en g u g 4 * 2 8 s e r A .’ 42 J -J
S eries B ............................ 1942 A -O
S eries C 3*28................... 1948 M-N
S eries D 3*2S................... 1950 F -A
E r ie tfe P itts g u g 3 *28 B .1 9 4 0 J - J
S eries C ............................194 0 J -J
N & C B d g e g e n gu g 4 *2 8 1945 J -J
P C C tfe S t L g u 4 * 2 S A . .. 1 9 4 0 A -O
S e rie s B g u a r ..................1942 A -O
S eries O g u a r ..................1942 M-N
S e rie s D 4s g u a r ............ 1945 M-N
S eries E 3*2 g u a r g ___ 1949 F-A
P itts F t W ife O 1st 7 s . . . 1912 J - J
2(178....................................1912 J -J
3d 7 s ............................... h \912 A-O
P en n R R 1 st real e st g 4 s . 1923 M-N
C o n so l s te r lin g g 6 s ........1905 J -J

Q-J

P rice
F rid a y
Feb. 2H

10

9 9 *8 1 0 0

3 112*2113*2
27 107 *4 109
—
113*8 113*4

55 N o v ’ 00
106*4 F e b ’ 01

latest bid and asked this week, tt Due Jar*

e

W eek's
P ann e o r
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3J
1

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S in ce
J a n u a ry /

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......... 107 *2 J ’ ly ’o o
1J
D e c ’Ol . . . .
1OH I U i, ’() J
....
..........- .........
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105 J2 N o v ’ 0 1

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105

1 12 v ; - G02
Y vl 113
1 I 2 *2 1 12 »v. 52 112 G I 13
10 7 3h F eb ’ 02
107 J4 J07 *2
107*4 F c b ’ 02
1U7]4 107*2
10
108
108
108 i 09 ‘2
1 10*2 M a r’ 00
] 1 4 7h 114 F e b ’ 02 . . . . 114 114

i V*i iV :i“
1 12 *2 Sale
107 3b 108 >8
I0 7 3s .........
10734 108*2
114

k 128 130
1 A0 *4
130
1 2 6 * 8 .........
102*8 103
101*0 102
118*«
1 2 8 * 2 .........
1 2 6 * 4 .........

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127*2 127*2

................. . . . .
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102*2 102G 19 i o i 34 i<)2«w
—
101 38 F o b ’ 02
101% 1 0 1 %
118 ne D e e ’ 0 1
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132*2 F e b ’ 02
132 *2 1 32 '2
130 J a n ’ 02 —
130 130
110 L e e ’ 01
106*2 N oy ’ OO

90*2
* ......... 114
1 1 6 78 M ay’ 00
1 121 *4121*2
121*4 121*4
121 122
127 128
1 2 7 3e F e b ’ 02 . . . . 12534 1 27
1 1 1 * 2 ......... 1 1334 J a n ’ 02 — 1 1334 114*2
110*2 N o v ’ 01
110 111
107*4 1 0 7 34 107*8 107*2
107 D e c ’ 01

15 107

108

100 D e c ’ 01
3 204*2 206*2
206*2 206*2
203 D e c ’ Ol
1 3 4 34 ......... 135*2 J an ’ 02 . . . . 135*2 135*2
117 ..........
1 14 J a n ’ 00
10C78 Jan ’ 02
1 0 6 78 1 0 6 78

206 *2 Sale

105 *8 Sale

105
105*4
1 0 1 * 2 N o v ’ 98

13 104

105*4

114 _____
1 3 4 * 2 .........
1 3 2 * 2 .........
’“ISO
103*4 Sale

112*4 J ’l y ’ 01
135 F e b ’ 02
134*4 135
133 F e b ’ 02
132 133
1 3 1 34 O ct ’ 01
103*8 103*2 118 102 104*2
100*2 J a n ’ 02
100*2100*2
107*2 J ’ l y ’ 01
107*4
5 101*2 102*2
1 0 2 * 8 -........ 102*4 1 0 2 34

105 *2 Sale
7 4 34 Sale
101

105*2 1 0 5 3e 86 104*8 1 0 5 34
4 104 105*2
105*2 105*2
114 73*4 75*4
74*2
75
72
75
75 F e b ’ 02

.......... 100

F e b ’ 02

100

1 3 0 * 2 D e c ’ 01
132 J ’ly ’ 99
121 Jan ’ 02
112*2 112*2
100 Jan ’ 02
9 4 *2 .......... 94*2 F e b ’ 02
115 .......... 116*2 116*2

128*4 . .
- 129*4
1 1 8 * 2 .........
112 *2 Sale

*•106

.........

100*2

121 121
i 112*2112*2
1 00 100
94*2 94*2
3 115 116*2

112*2 J ’ n e ’ 01
95 D e c ’ 00

<109*2.......... 114

112

F e b ’ 02

114

103*4 D e c ’ Ol
4 101 *2 1 Q1 *2
101*^ 10 J *2
112 78 F e b ’ 02 . . . . 1 1134 113*4
112*2 112*2 26 1 1 1 *2112*2
102 N o v ’ 98
6 98
99
99
98*2
9 8 58
123 123
.......... 123 J a n ’ 02

105*4
101 102
112*2113*2
111^ 4 .........
98
122

1 2 1 * 2 ......... 121
122 *4..........
104 .........
1 0 3 * 4 .........
102 .......... 102

C o t ’ 00

N o v ’ 00

1 10 .........
1 1 6 * 2 ......... L16 *2 F e b ’ 02
1 1 5 * 8 ......... 115*2 J a n ’ 02
116*2 F e b ’ 01
1 0 6 34 N o v ’ 01
97 ......... 97 M ay’ 01
131 *2 Sale 131*2 131*2
* 130 ......... 130 F e b ’ 02
+ 130
130 A p r ’ 01
1 10*2.......... 109*2 N o v ’ 01

116*2116*2
115*2115*2

5 130
130

131*2
130

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

113*4 O c t ’ 01

J -J ..........113
113
113*2
M-N
108*4 109
M-N * il3 * 2 1 1 4 t» 113*8 F e b ’ 02
J -J

C o a l a n d Ir o n
Cali Goal M in See T O I 6b H
<Jl ear t H it C oal See N Y <J6b M
Goi G 6b I lie v Go gu g 5 «. J009 J -J
O ol Fuel Go gen gold 6« ..1 9 1 9 M-N

u.

P

J -J * —
Q-J
Q-J
J -J
M-N
M-N

131*s
128*2
98
116*2

B O N DK
N\ Y. S T O C K E X C H A N G E
W h:h: k ENDING FED 58

O

1 2 6 * 2 .........
115 . . . . . .
122 ..........
114*2 . . . . .
»••••• . . . . . .

M IS C E L L A N E O U S
T e le g r a p h an d T ele p h o n e
A m T e l e p 6k T e l c o ll tr 4s 1.929
C om m G able Co 1st g 4 s . . 2397
R e g is te r e d .......................... 2397
E rie T <fe T col tr g 8 f 5 h. . 1926
M e t T 6k T JHt h t g 5 s ........1918
M ut On T e l Go See WcHtn On
; / 7 6b N J 7 eJ g en g 5 S ..1 9 2 0
N o W estn T o le g See W est
W e st U nion col tr c u r 5 s . 1938
Fd and real e s t g 4 ^ . . . 1 9 5 0
M u t On T el s fund 6 S ...1 9 1 J
N o rth w e ste rn T e l 7 s . . ..1 9 0 4

114*2

N o v ’ 01
A p r ’ 01

99*^ 100
8 3 Sale

Ill
..........
113*4 1 1 3 34
124*2 Sale
109*4 Sale

llly ti
3 2 2»u
115
127*2

45 105*2107

9
82*4
8 2 34
3 0 7s
3 1 7s 224
22 F e b ’ 02

90^8 J ’l y ’ 01
101 F e b ’ 02
9 8 ^ . . . . . . 9 9 34 D e c ’ 01
3 4 ......... 35
3 5 fl8
102 Si Sale 102*4 102*2
8 0 34 Sale
803s
S 034
105 M ay’ 00
1 0 0 ..

147 ^ ..........
1 1 9 1* ..........
1 2 8 * a .........
122 ..........
1 2 2 * 4 ..........
1 0 6 _____

L ow
122
115
127

M a r ’ 01

107
106s4 .......... 107
105*4 M a y ’ 01
114
114

8 2 34 Sale
31 Sale
# 21
22

lia n y e
Sioicti
J a n u a ry /

4()7

8

Hue May

C oal and Iron
C o l F <fe I C o g e n s f g 5 s ..1 9 4 3 F -A
D e B a rd e l C tfe X See T C <fe f
G r R iv C oal <fe C 1 st g 6 s ..1 9 1 9
J e ll tfe C lear C<fc 1 1 st g 5 s. 1926
2d g o ld 5 s ............................1926
K a n tfe H C <fe O 1st 8 f g 5 s .1951
P le a s V a l C oal 1 st g a f 5 s. 1928
R och <fe P it C <fc Ep u r m 5 s . 1946
S un C k C oal 1st g s f 6 s . . . 1912
T o n n C oal T D iv 1 st g 6 s . a 1917
B irm D iv l « t c o n s o l 6 s .. 1917
Cah C M C o 1 st g u g 6 m . 1922
D© B a r C <fe I Co g u g O s.1910
W h L E <fe P C Co 1Ht g 5 h.191 9

108 .........
110 .........
109
103 .........
•••••• ••••••

M a n u f a c t u r i n g ife I n d u s t r ia l
A m or B ic y c le s f'd ob on 5s 1919 M-S
........... 1915 Q -F
Arn C ot Oil o x t 4

6 0 Sale
99 'i

#DuoJ*no

/(, Duo J'ly

v

Duo Nov

103*8

s

1 0 3 34

16 103*4106

108
107
80
106
105

J a n ’ 02
M a y ’ 97
M ay’ 97
106*4
O ct ’ 00

109
11 L
105
103
32

F e b ’ 02 —
F e b ’ 02
F e b ’ 00
F e b '02 —
J a n ’00

56
99*8

Option salo.

108
15 106

51
60
4
99* r

108
109

108
106*4

109
111

101*2 103*4

50
80
99*2 lOO1^

Bond Eeoord— Concluded— Page

468
N

MON 118
Y STOCK E X C H A N G E
W T h a E nd ing F e b . 28

tric e
tr id a y
te b. £S

v~ v

P e n n R R —f Continued)
t on c u r r e n c y us r e g . . .j/1905 Q M
C onsul g o ld o s ...................1919 M S
C onsul g o ld 4 s ...................194.1 M N
A l l e g V a l g e n g u g 4 s . .. 1942 M S
C l A Mar 1st g u g 4 % s . . i 9 3 o M ->.
1> H 11 ii A B g e 1st g u 4s g . ’ 36 E A
G r it <-C i e x 1st g u g 4 L s 1941 J J
S un A i.ovv is 1st g 4 b . .. 1936 .) J
LLN J UH A Can g e n 4s. 1944 M-S
P e n s a co la A A l l See L A N a sh
l*oo A E ast See 0 C 0 A St L
P oo A P e k Uu 1st g 6 s . . . 1921 O F
2d g o ld 4 %a...................... 51921 M-N
P o r e M a i q —-E A 1* At g Us. 1920 A O
la t c o n s o l g o ld 5 s ..........1939 M-N
P i H u r o n D iv 1st g 6 s. 1939 A-O
Sag l u s A H i s t g u g 4s. 1931 E A
l ‘ ine creek, r o g g u a r 6 s . . . 1932 J D
P itts C m A St*b S e e P e n u Oo
P itt s C le v A T o i la t g Us.. 1922 A O
Pitta Et W A Oh See P e n n Oo
Pitts J u n c 1st g o ld Us........1922 J - J
P it t s A L E r ie 2 d g 5 s . . a l 9 2 8 A - 0
P itt s M c K e e s A Y S’^ N Y Oen
P itt s Hh A L E 1st g o s . . . 1940 A O
1st Consol g o ld 5 s . . . . . . . . 1943 J - J
P it t s A \V est 1 st g 4 s . . . . . 1 9 1 7 J - J
J P AX A Co c e r t f s ...........................
P itts Y A A s h 1st c o n 5s. 1927 M N
| i en d in g Oo g e n g 4 s ...........1997 J - J
1 Y R e g i s t e r e d ...................... i ■c », J -J
R e n s s e l a e r A Sar See D A H
R i c h A D a n See S o u th R y
R i c h A A le ck See S o u th e r n
R io G r W e s t 1st g 4 s ............. 1939 J - J
C o n s o l a n d co l tru st 4s . 1949 A-O
U t a h C e n t 1st g u g 4 s . a l 9 1 7 A - 0
R io G r J u n c 1st g u g 5 a . . . 1939 J D
R i o g r S o 1st g o ld 4 s ..........1940 J - J
G u a r a n t e e d ........................ 1940 J - J
R u ch <& Pitta See li R A P
R o m e W a t A O g See N Y" Cent
R u t la n d 1st c o n g 4%.s___ 1941
R u t-C a n a d 1st g u g 4 %s. 1949 J-J
C a g T u s A H See P ure M a r q
O a l t L a k e C 1 st g s f 6 a .. 1913 J -J
S t J o A G r Is! 1 st g 3 - 4 s . . 1947 J -J
S t L a w A A d t r o n 1st g 5 8 .1 9 9 6 J - J
2d g o ld 6 s ............................ 1996 A O
S t L A C airo See M o b A Ohio
S t L A I r o n M o u n t See A1 P
f i t L K C A N See W a b a s h
S t L M B r See T R R A o f S t L
S t L A S E ra n 2d g 6 s Cl B 1 9 0 6 M-N
2 d g o ld 6 s C lass C ........... 1906 M-N
G e n e r a l g o ld 6 s .................1931 J - J
G e n e r a l g o ld 5 s ................. 1931 J - J
S t L A S E R R g o l d 4 s . . 1996 J - J
S o u t h w D i v 1 st g 5 s . .1 9 4 7 A-O
KelmJnUiig 5J 4 s .............lt>51 J - J
R e g i s t e r e d ................. 1951 J - J
K C Et S A M c o n g 6 s . . 1928 M-N
K C F t S A M R y r e f g 4 s 1 9 3 6 A -O
R e g i s t e r e d ...................... 1936 A -O
S t L o iu s So See I l lin o is C ent
S t L S W 1st g 4 s bd c t f s .1 9 8 9 M-N
2d g 4s in c bond c t f s ...p l9 S 9 J -J
G r a y ’ s P t T e r I s t g u g 5s 1 9 4 < J -D
S t P a u l A D u i See N o r P a c ifi c
S t P a u l A1 A M a n 2d 6 s __ 1909 A -O
1st c o n s o l g o ld 6 s ............. 1933 J - J
R e g i s t e r e d .......................1933 J - J
R e d u c e d t o g o ld 4 % s . . l 9 3 3 J - J
R e g i s t e r e d ...................1933 J - J
D a k o t a e x t g o ld 6 s ..........1910 M-N
M on t-jex t 1 st g o ld 4 s ___ 1937 J-D
R e g i s t e r e d ...................... 1937 J -D
E M in n 1st d iv 1st g 5 s . . 1908 A - 0
R e g i s t e r e d .......................1908 A - 0
N o r D i v 1st g o ld 4 s ___ 1948 A-O
R e g is t e r e d ...................1948 A -0
M in n t jn i o n 1 st g 6 s ___ 1922 J -J
M o n t C 1 st g u g 8 s ..........1937 J -J
R e g is t e r e d .......................1937 J -J
1 s t g u a r g o ld 5 s ............1937 J -J
R e g is t e r e d ................... 1937 J -J
W il l A~S E 1st trold 5s 1938 J -D
R e g is t e r e d .......................1938 j - b
S t P A "N or P a c See N o r P a c
S t P A S ’x C i t y
S tP M AO
S E e P r e s A P li 1 st g 5 s . . .1 9 4 2 M-S
S A A A P See S o P a c Co
S F A N P 1 st s in k 1 g 5 3 .1 9 1 9 J -J
S av E A W 1 st g o ld 6 s ___ 1934 A -0
1 st g old 5 s .......................... 1934 A -0
St J o h n ’ s D iv 1 st g 4 s . . . 1934 J -J
A la M id 1st g u g o ld 5 s .. 1928 M-N
B r im s A W 1 st g u g 4 s .. 1938 J -J
S il Sp O ca A G g u g 4 S ..1 9 1 8 J -J

H id

■Registered
1 94-fl
M o r t g u a r g o ld 3 % s ..fc l9 2 ti
R e g i s t e r e d ..................... fcl92£
G al H a r A S A 1 s t g 0S..191C
2 d g o ld 7 s .................................190c
H e x A P a c 1 st g o s ____ 1931

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

is

5 0

117

Ku'y'bo

122%

114
117

130L
11434
117

mm m m m m

mm

N Y T A M v \ gu 1st g 4s .1912
N o o f Cal 1st g u e 6 s . __1907
G u a ra n te ed gold 5s. . .. 1938
O re A ( ;ul 1st g u a r g 5s. 1927
S o P o f A r g u 1st g 6 s c l 909-10
S P of Cal 1st g 6 s ____ 1905
,
1st g 6 s serie s ! » . . . . . 1905
1 st g 6 s series E A E. 1912
1 st gold 6 s
11) 1 0

L07% O c t *98

*114

120 *4

130

120 O c t '01
____ r

-••••• ••••••

1 st c on g u a r g 5s
1937
S t a m p e d ....... 1905 1937
s P a c o f N M e x 1 st g 6 s 1911
»S P C oast 1st g u g 4 s
1937
T e x A N O 1st 7 s ............. 1905

118% Sep *01
9 8 J ’l y ‘ 97
100 Ha 1 0 0 % ” 1 100 101
98%
101 Hi D e c ’01
S o u t h e r n — 1st 1:011 g 5s
1994
120 L
121 Ha M d r ’01
99%
9 9 % 1.68 97 Hi 9 9 5w
9 9 % Sale
M o b A Ohio c o ll tr g 4 s . . 1 9 3 s
92
A p r ’ 01
R e g is te r e d
1938
M e m D i v 1 s t g 4 *2 - 5 s . . . 1996
S t L o u i s d iv 1 st g 4 s ____ 1951
A l a C en R 1 st g 6 s ............ 1918
101 101 % 1 0 1 % 101 Hi U 100 1 0 1 G
A t ! A D a n v 1st g 4 s ........1948
9 5 % 95 % 95 F e b ’ 02
93
95
Atl A Y ad 1st. g g u a r 4s 1949
* 94
97 J a n ’ 02
Col A G reen v 1 st i»s
1916
97
97
112 i 15 105 F e b ’ 01
E T Y a A G a D i v g 5 s . . 1930
m•mmm• 82 % 8 2 F eb '02
82
82
C on 1st g o ld 5 s ............. 1956
92 *-2 F o b ’ 02
91
9 2 Ha
E T e n reo r lien g 5 s ........1938

J -D
J -D
J -D
J -J
F-A
F -A
J -B
J -B
F-A
J-B
M-N

• • mmmr n

G a P a c R y 1 st g 6 s ......... 1922
K n o x A Ohio 1 st g 6 s
1925
R ic h A D a n c o n g 6 s .. 1 9 1 5
E q u i p s in k f u n d g 5 s . . 1909
T)eh 5s sta m p e d
1 927

191 Hi N o v ’01
97 *» 1 no

111

no
134
117
98

97

97%

32

95

98
S o Car A Ga 1st g 5 s. . . . 1 9 1 9
Virginia, Mid serT ) 4*5s 1921
S erie s E 5s
1926
G en e ra l 5s
1936

112
Sale
119

ITD

110

110

9 110

To .2
^ k

H ig h

S o u th e r n Pac C o — ( Continued)
G ila V G A N 1st g u g o s . 1924
l i o n s E A W T 1st g 5b. 1933
1st g u g 5s red eom a b te 1933
•«■■••• mmmmmm
11 A T C 1st g 5s int g u . 1937
...... ......
C on so l g 6s ini g u a r. .1 9 1 2
.....................
G e n gold 4s in i g u a r. 1921
W a c o A N W di\ i'>i g ' 6 s ’ 30

131

121

BONUS
N. Y . S T O C K E X C H A N G E
W e e k E nd ing F e b . 28

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

I 3 0 l4 F e b ’ 02
101 o c t ‘00
124%
127 F e b ’ 01
11 4 % 115 Ha 114*4 F e b * 02
1 U % 116 117 Jan *02
...... ......
sa, 9;fl
137 K ov ’ 97

*180

La nge
Since
Ja n u a ry 1

H ig h jN u Lo w

102 N o v ’ 97
. . . . . . 112 *4 M a r 00
......
112 J a n ’ 01

118

S ea b A R o a 1 st 5 s ............... 1926 J - J
C ar C en t 1 st c o n g 4 s . . . 1949 J -J
S lier S h r A So See M K A T
S il S p O ca A G See S a v F A W
S od B a y A S o 1 st g 5 s ........1924 J -J
S o C a r < fc G a See S o u th e rn
2-5 y e a r c o il tr g l ^ s ___ 1905
G old 4 s (C en t P a c c o ll). A:1949
R e g i s t e r e d ................... & 194‘J
A A N W 1st g u g 5 s ___ 1941

A sk Low

>••••«

105
111

Week's
t a n ye or
La st Sale

[Vol. LXXIV

4

111^2

D e c ’ O)
134
134
10 1 3 1 1) 134
118 J a n ’ 02
1 155ft 118
9 8 ’a F e b ’ 02
96 100
iOO 100
100 J a n ’ 02
97%
97 7q ¥ i 96*2 98*8

W () A W 1st c v ‘»u 4s 1924
W e s t N C 1 st c o n g 6 s . . 1914
S A N A la See L A N

H id
M-N
M-N
M N
J-J
AO
A-O
M-N
n il
I J
A -0
J J
AO
J J
J -J
J-J
A -0
AO
\ -O
A - oj
A-O
VI - N
M-N
J -J
J J
E A
MS
J -J
T- .1
J -J
MS
MS
J -J
J-J
J -J
J-J
A-O
J-J
J -J
M-N
M-S
M- K
J-J
J- J
J-J
M-S
A -0
\I-N
M-N
M-S
M-S
M-N
M-N
F-A
J -J
J -J
J -D

S n u b A L e w See P e n n R R
S y ra B i n g A N Y See D L A W
97% Sale
' p e b o A N See M K A T
1 er A o f S t L 1 st g 4*2S..1939 A -O
1 2 3 % D e c ’ 01
1 s t c o n g o ld 5 s ........1894-1944 E-A
9 2 % feaie
92^
93
87 9Q34 9 3
S t L M B g e T e r g u g 5 s. 1 9 3 0 A -O
T e x A N O See So P a c Co
T e x A P a c E D i v 1 s t 6 s 1905 M-S
04 9 6 *a 9 9 *3
1 st g o ld 5 s ............... .......... 2 0 0 0 j - b
9 8 % Sale
98^
99
79*2
2d g old i n c 5 s ................„<?2000 Mar
160 77
7 9 % Sale
79
79
L a D i v B L 1st g 5 s. .. .1 9 3 1 J - J
T o l A O C 1 st g 5 s ............... 1935 J - J
116%
117 F e b ’ 02 . . . 1 1 6*2117
V-O
G e n e ra l g o ld 5s
1935 J -D
1 3 9 x4 F e b ’ 02
139
13738 139*4
13734 F e b ’ 99
K a n A M 1 st g u g 4 s ___ 1990 A-O
114 U 4 3 4 114
114*12
2 114 1 1 4 34 T o l P A W 1 s t g o ld 4 s ___ 1917 J - J
116 xs A p r ’ 01
T o l St L A W p r lie n g 3 *2 S. 1925 J - J
1173s
1 1 7 L F e b ’ 02
5 0 -y ea r g o ld 4 s ................. 1950 A-O
116*2117*4
1 0 6 1 0 6 y4 T o r H a m <& B u f f 1 st g 4 s. h 1046 J - D
106%
1065s J a n ’ 02
I l i s t e r A D e l 1st c o n g 5s 1928 J -D
106 M a y ’ 01
i0 6 3 4 107
U n P a c R R A 1 gr g "4 s..l9 4 7 J -J
107
1 0634 J a n ’ 02
R e gist e r e d .......................1947 J - J
1 s t lie n c o n v e r t 4 s ..........1911 M-N
R e g is t e r e d .......................1911 M-N
1 96
O re R y A N a v 1 st s f g 6s 1909 J -J
128 A p r ’ OO
139*> 141
O re R y A N a v c o n g 4 s . 1946 J -D
140 O c t ’ 01
O re S h o r t L in e I s t g G s ..1922 F-A
115 A p r ’ 97
1 st c o n s o l g 5 s ............... 1946 J -J
122
124 D e c ’ Ol
N o n -c u m in c A o s ___ /il9 4 6 s e p
TTtah A N o r 1 st 7s
1908 J - J
U id '^ F e i) ’ 0;2 ^u4• 1 2 4 °8 125*2
125
G o ld 5 s .............................. 1926 J -J
U n i N J R R A C C o See P a R R
U ta h C en tra l See R io G r W e s
U ta h A N o r th See U n P a cific
109
111 A u g ’ 01
U tic a A B la c k R See N Yr C ent
e r V a l I n d A W See M o p
113s4 D e c ’ Ol
y ir g in ia M id See S ou th R y
128 D e c ’ Ol
i ‘2 8%
W a b a s h 1st g o ld 5 s ........1939 M-N
123 D e c ’ 99
11358
\y
2d g o ld 5 s ...................1939 F-A
9 5 14 N o v ’ 01
90%
D e b e n tu r e se rie s A ........1939 J -J
111 D e c ’ Ol
RR
S e rie s B ......................................1939 J -J
87 A u g ’ 01
D e t A Oil E x t 1st g 5 s. .1941 J -J
* 9 0 % _____ 92 Jan ’ 02
89*2 92
D e s M o in D iv 1 st g 4s 1939 J-J
! S t C lias B r id g e 1 st g 6 s. 1 908 A -O
1 1 2 % .......... 1 0 4 34 F e b ’ 98
W a r r e n See D e l L a c A W e s t
9 5 % _____
W a s h C e n t See N o r P a c
W a s h 0 A W See S ou th ern
W e s t N Y A P a 1 st g 5 s .. 1937 J -J
100 D e c *01
103
G e n g o ld 3 -4 s.....................1943 A-O
Tricorne 5 s
*71943 N ov
101H 60 99 101*4 W e s t N 0 C ar See S ou th R y
1 0 1 S ale 101
W e s t S h ore See N Y C en t
94 5&
95
99 93*4 95
Sale
95
W V a C e n t A P 1 st g 6 s ..1 9 1 1 J - J
89 O ct ’ 01
W h e e l’ g A L E 1 st g 5 s . ..l 9 2 u A -O
111 J ’ n e ’ O,
i m 5. Sale 1m in n n 7, 89 101*4 104
W h e e l D iv 1 st g old 5 $ .. 192b J -J
E x t e n A Im p g old 5 s . . . l 9 3 l F-A
9 9 7g J ’ n e ’ Ol
1 st co n so l 4 s .............................. 1941 M-S
8 8 a4
89
89
58 87
8 8 7c S ale
W ilk e s A E a st See E rie
W il A S io u x E See St P M A INI
11 O G _____ 111
O c t ’ 0]
W in o n a A St P See C A N W
1 0 6 D e c ’ Ol
107
109^2 F e b ’ 05
109*4 i ’0 9*2 W is C e n t 5 0 -y r 1 s t g en 4 s . 1941 J - J
108

102

tr ic e
tr id a y
teb. £S

Week's
t a n g a or
Last Sale

A s k Low

Lange
-4X3
£ O
Since
P
*5 J a n u a r y 1

H ig h JSo Low J l i y k

*107 ......... 106 D e c ’ Ol
*1 0 5
......... 106
106
*105
107
111
11 i *2 111 a4 F e b ’ 02
114*4 F e b ’ 02
..........114
95 .......... 95 E e b ’ 02
125
1.27
127
127**
135*2 137
123 *2 Eel. ’ 02
123*2 . . .

..

4 105
110*4
113
93%
15 1‘2 5%
135
123

106
111%
114*4
95%
197 %
137
123*2

106*2 .........
117

......... 113 J a n ’ 01
105 *2 N o v ’ 01
92 ’ Sale
9 134
92
127 87*4 92
111 *2 113
113 '
113
2 112% 113
108*4 109*2 l o s *4 Jan ’02
107% 108*4
109 11 1 108 D e c ’ Ol
111
1 10% J a n ’ 02
1 16 % 1 1 0 %

102 h

1 197ft......... 120
115
......... 107

110

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

111*. 11 4

10 3 *2.........
113*2 .
107
120*2 Sale
98

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

111

Eel) *01
N o v ’ 00

111

110

A p r ’01
1 14 *2 E e b ’ 02
108*2 J ’ ly ’01
120
1 2 0 *122 J a n ’ 02
98*2
99*4

114 ............. 113 F e b ’ 02
100*4
* ----------- 100*4 100
1 1 7 4 i ............. 120 M a r ’Ol
94*2 96*4 96*4
96*4

120
121 J ’ n e ’ OL
1 1 7 * 2 ......... 117 *2 F e b ’ 02
*121
121% 121%
116 *2 Sale 116*2 116*2
126a4 .......... 126*2 F e b ’ 02
1 2 5 34 .......... 125 J a n ’ 02
121 *a.......... 121% F e b ’ 02
101*4 J ’l y ’ 00
1 12 * 2 .......... 1 1 2 % 1 1 2 %
8 0 ___
83 D e c ’ 00
n o
1 1 0 Sale 110
......... 1 1 7 % 102 O c t ’ 99
1 1 6 * 2 ........ 1 114 S e p ’01
117 .......... 115 J a n ’ 02
116*2 D e c ’ Ol
90
91 *2 S ep ’ 00
1 2 0 Sale 120
120
123

...

60 109

in

1 14*4 O c t ’ 01

117

1i i * * h i * *
44 1 19 *2 121 *2

11
4
5

122
97

122

99%

112% 113
09% 100%
94

96%

117 1 1 7 %
7 120 1 2 2 %
3 1 * 6*2 116%
125 1 2 6 %
125 127%
120*4 122
9 112% 112%
4 109

110

115

115

1 120

120

J ’l y ’ 00

114*4 117
1 1 4 * a N o v ’ 01
1 1 6 % 116 %
1 1 4 * 4 ......... 116*2 J a n ’ 02
113*2 J a n ’ 02 . . . . 113% 11 3 %
104 F e b ’ 01
120Ji Sale 120*2 1 2 0 %
* 1 0 2 14 1 0 2 34 102*4 10 2 %
111 J ’ n e ’ 01
1 1 3 .......... 114*2 J a n ’ 02
1 1 3 .......... 112% N o v ’ 01
107
108*2
98 % F e b ’ 02
.......... 99
92
92
92*2
91 Sale
90
91
85 Sale
85
85*2
98
99 7e 9 8 % F e b ’ 02
*112 .......... 1 1 1 % 1 1 1 %
106*4 Sale 105% 1 0 6 %
105 F e b ’ 02
1 0 5 78 Sale 1 0 5 % 1 0 6 %
104*2 Sale
128 S ale
1 1 7 34 Sale

109 J a n ’ 02
103*2 104*2
128
128
117% 118
103 *2 O ct ’ 01
117*2 J ’ n e ’ Ol
113 M a r’ Ol

58 119
2 98

121
10 2 %

. . . . 11 4 % 1 1 4 %
3 107 1 0 8 %
98% 98%
22 91
92%
29 9 0
91%
213 8 2 % 87
....
97% 98%
1 111 1 1 1 %
80 1 0 4 % 1 0 6 %
. . . . 105
10 5 %
1069 105% 107*4
109
74 102
1 126
28 117

109
104%
129%
118
_ ___

29 1 1 S % 1 1 9
S ale 118%
119
1 1 1 % 20 111 1 1 4 %
111*2 111
•
0 . . . . . . 101 F e b ’ 02 . . . . 100 101
74 Sale
72%
76 7305 6 6 % 76
u%)% n o
111 .......... 109 *2 F e b ’ 02
9r>
95
......... 95 J a n *0°
* 96
<> 1 1 1 % 1 1 1 %
111*2112
1 1 1 % 111*2
119
111

120 1 2 0 3i 120*4 120*2
99*4 100
99%
100
35
40 M a r’ Ol
1 1334 .............
116 ..........
* 112
.............
*110
.............
93 *8 S ale

8 9 % S ale

114 % J a n *02
115*2 F e b ’ 02
112** J an '02
113 D e c ’ Ol
93%
93%

89%

90

1 0 6 % 107% 106%

107

6 119% 1 2 0 %
6 9 9 % 100

....
....

68

138

112% 1 1 4 %
115 115%
112% 112 **2
91 % 94

88

90

M I S C E L L A N E O U S B O N D S —C o n clu d e d .

Manufacturing; A I n d u s t r i a l
A in H id e & L 1 st s f g 6 s .. 1919
A m S p irits M fg 1 st g 6 s . . 1915
A m T h re a d 1 st c o l tr 4 s . . . 1919
B a r & S C ar Co 1st g 6 s . . . 1942
C o n so l T o b a c c o 5 0 -y r g 4s. 1951
D is tillin g o f A m e r ic a c o lla te r a l
tr u s t g o ld 5 s ................... 1911
G r a m e r c y S u g 1 st g o ld 6 s .1923

K n ic k e r b o c k e r I c e
1 s t g old 5 s . .

M is c e l la n e o u s
A d a m s E x co l tr g 4 s ......... 1948 M
A m D k & Im p 5s See C en t N J
B k ln P e r r y C o 1 st co n g 5s 1948
B k in W A W 11 1st 5s tr c it s ..
C h ic J o A St Y ard ool g 5s. 191 5
H o b o k e n L A X g o ld 5 s . . . 1910
86
90*4 M a d Sq G a rd en 1 st g 5 s ..1 9 1 9 ! m
M a n B e ll n A L g o n g I s . 1910 M
N mvp N e S h ip A- 1> D 5s d I990i J
N Y D o c k 5 0 -y r 1st g 4 s .. 1951
N Yr A O lit-L an d 1st g 6 s . . 1910
108% 112
UK S e o u r C o 5 0 -y r g 3 %$. 1951
SI J o se p h S tk Y ds 1st 4 %s. 1980
St L T e r O u p p les S tath i A P ro p
106% 109
C o 1st g 1 %a 5-20 y e a r .. 191 .
89
93 %
55
66*4 s Y u b a W at Oo eon g O s . 1928
6% 10% Sp V a l W a t W o r k s 1st 6s 1906
l S Hod A It of 1st s f g 6s. 193 l
113 % 114

M-S 100 S ale
99%
100
35 9 4 % 100
90
M -S * .......... 8 8 % 87
87
5 SO
j -J
*p ,“ •"**** ******
J -J
i05~* J a n "’ 00
F -A
65 % S ale
65%
65% 240 64% 69 %

..... ......

J-J
A -0
J -J
A -0
F -A

87 S ale
.......... 90

87
88%
9 9 % A p r ’ 01
99 J a n ’ 99
1 0 0 % J ’ n c ’ Ol
1 0 8 % 108% 108% F e b ’ 02

11

....

A -0
93 Aug* 00
M-N 108% . .
109 F e b ’ 02
J -J * .......... 92% 91 %
93 *.* 76
F -A
65 *> Sale
02%
06% 11 l
10 Sale
9
10% 607
M-N 113 % 114
114 F e b ’ 02

* No price Friday; latest bid and asked. aD u eJau

0

Due Feb

....
d

Due Apr y Due J ‘ne

h

Duo J ’ly

k

81

Sale

50

.........

92

Sale

i 01

I ” ]!

........... . . . . .
89% Sale

80
70
111

II
25, 105

65 i 80
81
J a n ‘ 02 -----j 7 6
M a r’ Ol

107%
85 %
76

50

E eb '02 ___ !j 38
50
. . . . |.....................
92
92
U iH>Si
90 Oot ’99
91% I V o ’Ol

10 1 F o b '9 .
1 1 3 % J ’ ly ’ 00
SO %
89%

OP

85

89%

Due Aug n Due Sop p Due Nov c IHio I'oo .vj'uu'u s.uo

THE

M a r c h 1, 1 9 0 3 .J

469

C H R O N IC L E .

Volume of Business at Stock Exchanges

Liiti* N e ciii'ltle i*

in n
55
101
73
J a c k s o n G a s C o .......... 50
uHK 1 9 3 7 .................... A -O §1 0 1
O')
T R A N S A C T IO N S A T T H E N E W Y O R K ST O C K E X C H A N G E
Kansas c i t y G a s......... 100
D A IL Y , W E E K L Y A N D Y E A R L Y
5s 1922................. - - Ac L01
L a cle d e G a s S ee N V St k E x c h
55
1a ifa y ’ e G a s 1s 1 6 a '2 4 . M - A
S tocks
Week en d in g
State
R a ilr o a d <kc
U S
40
L o g A W ftb V 1st 0 s ’ 2 5 .J - 1
F eb 28
B on d s
B on d s
Ponds
M a d iso n G a s 68 1 9 2 6 .A -0 §107*2
P
a
r
va
lu
e
S hares
1902
N © w ark G a s 6s 1 9 4 4 . Q J § 1 4 1 D
56
\..........H O L I D A Y .............
list
S a tu r d a y ............
$ 3 ,4 7 6 ,0 0 0 ” $ 4 ,000*
ostn n 1
M o n d a y ............... ” ” 6 3 0 ,0 6 2 $ 5 9 ,2 5 1 ,7 0 0
N e w E n g G a s A C See
2 ,4 1 4 ,0 0 0
4 3 ,4 6 4 ,3 0 0
4 6 9 ,8 9 3
18
O A I lid C o n N u t A 111 1(
T u e s d a y ..............
” i* o o 6
"* i* 6 o*6
4 .8 5 3 .5 0 0
6 0 ,2 7 9 ,0 0 0
6 1 7 ,1 7 5
48
W e d n e s d a y ........
1s t 6 s 1 9 2 6 .............. J ;
2 5 ,0 0 0
4 .7 1 5 .5 0 0
4 0 ,6 4 1 ,1 0 0
4 1 6 ,1 4 4
P r o v id e n c e G a s ............. ‘ ) t 95 *2
T h u r s d a y .............
• 3 ,2 6 6 ,5 0 0
4 1 ,0 2 2 ,6 0 0
4 2 4 ,7 2 6
§ 95
F r i d a y .................
t J o s e p h G a s 5 s L937.J
S tP a u lG a s G en 5 s ’ 4 4 M
i 89*2
$
1
,0
0
0
$
1
8
,7
2
5
,5
0
0
$
3
0
,0
0
0
2 ,5 5 8 ,0 0 0 $ 2 4 4 ,6 5 8 ,7 0 0
T o t a l ..................
S y r a c u s e G a s s t o c k . . ! ( ) ..........
..........
E xch
J a n u a ry 1 to F eb 2 8
W eek en d in g F eb 2S

S ales at
E ew Y ork Stock
E xch a n g e

Telcgr «fc Telephone

1901

1902

1901

1902

I ndlanapolirt Gas stock 50
1st 6s 1 92 0 .............M-N

5 2 ,9 7 7 ,7 4 1
2 7 ,7 6 6 ,1 6 6
4 ,7 6 9 ,7 8 4
2 ,5 5 8 ,0 0 0
S t o c k s —N o. sh a res
P a r v a lu e .......... $ 2 4 4 ,6 5 8 ,7 0 0 $ 1 0 1 ,1 9 7 ,4 0 0 $ 2 ,6 1 3 ,6 3 8 ,0 5 0 $ 5 ,1 1 4 ,4 2 9 ,7 0 0
$ 7 5 ,8 0 0
$ 1 3 ,4 0 0
$ 2 ,4 5 0
B a n k sh a res, p a r ..

BONDS
G overn m en t bonds
S ta te b o n d s ..............
R R . a n d m is. b o n d s

$ 1,000
3 0 ,0 0 0
1 8 ,7 2 5 ,5 0 0

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

T o ta l b o n d s ___

$ 1 8 ,7 5 6 ,5 0 0

$ 1 5 ,2 6 7 ,3 0 0

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

.

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

$ 2 0 2 ,2 6 1 ,1 5 0

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

W eek en d in g
F eb 2 8
1902
Sa.tn rd av
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 oston
L isted
shares

B on d
sales

U nlisted
sh a res

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

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

T o t a l............ 1 5 3 ,6 1 2

1 1 0 ,0 9 3

L isted
sh ares

U nlisted
sh ares

B ond
sales

........ H O L I D A Y . . . .
4, .^65
4 3 ,7 7 1
$ 2 5 6 ,4 7 5
5 ,1 1 0
9 5 ,6 0 0
2 0 ,2 2 6
1 0 2 ,8 0 0
1 5 8 ,9 0 0
6 ,7 2 3
1 1 2 ,5 1 5
4 0 ,8 6 8
2 8 9 ,7 0 0
3 ,8 3 9
2 7 ,3 7 0
1 4 0 ,6 5 5
T e le g r a m n o t r e c e iv e d .
1 0 6 ,1 2 5
$ 7 1 S ,5 7 0

Outside Securities
F o r W e ek ly .Review of O utside M a r k e t See 7th P a g e P reced ing.

Street Railways
NEW YORK CITY

B id

34
99
248
101*4
108
E xch
$114
§102 h
265
§121
208
101
187
E xch
120
112
103
400
105
400
65
112
99
k E xc
123
10*2
196
217
l s t m o r t 5 s 1 9 0 9 ..M -N § 1 0 5
C o n s o l 5 s 1 9 4 8 ........F -A § 1 1 8
S ix t h A v e n u e s t o c k . .1 0 0
S o u B o u le v 5s 1 9 4 5 ..J-J § 1 1 1
S o F e r 1 s t 5s 1 9 1 9 . . . j.
§108
E xch
T h ir d A v e n u e See StT arry W P & M
108
Y kersStPvR . 5 s 1946^
109
2 8 th A 2 9 th S ts 1 s t 5 s
114*2
T w e n t y -T h ir d S t s t k .
408
100
D e b o s 1 9 0 6 ............. J-J
U n io n R y 1 s t 5 s 19 4 2
116*4
W e s t c h e s t 1 s t 5 s 1941
105

B l e e c k S t A F u l F s tk 100
l s t m o r t 4 s 1 9 5 0 ----- J-J
B’w a y A 7 th A v e s t k . 100
l s t m o r t 5s 1 9 0 4 ...J - D
2 d m o r t 5 s 1 9 1 4 ........ J-J
C o n 5s 1 9 4 3 See S to c k
B ’ w a y S u r f 1 s t 5s g u 1 9 2 4
2 d 5 s in t as r e n t a l 1905
C e n t’ l C r o s s to w n s t k . 100
1 s t M 6 s 1 9 2 2 ........ M -N
C en P k N & E R i v s t k 100
C o n s o l 7 s 1 9 0 2 ........ J -D
C h r is t’ r A 1 0 th S t s tk 100
C o lA 9 th A v e 5 s See S to c k
Dry D E B & B a t s tk 100
1 s t g o ld 5 s 1 9 3 2 . . . J -D
S c r ip 5 s 1 9 1 4 .......... F -A
E ig h t h A v e n u e s t o c k 1 0 0
S c r ip 6 s 1 9 1 4 .......... F -A
4 2 d A G r S t F e r r y s t k 100
4 2 d S t M A S t N A v e 100
l s t m o r t 6 s 1 9 1 0 . . . M -S
2 d in c o m e 6s 1 9 1 5 .. J-J
L e x A v A P a v F 5s See St
M e t r o p o l S e c u r it ie s ( w i)
M e tr o p o lS tr e e tR y r ig '

A sk
36
102
251
102
110
lis t
116
103
280
126
220
104
197
lis t
130
116
105
410
109
410
75
113
101
lis t
127
11
205
220
106*2
120
175
115
110
lis t
110
110
118
415
103
117
108

BROOKLYN
I in p t 5 s See S to c k
B B ® W E 5s 1 9 3 3 ..
B r o o k l y n C ity s t o c k .
C on 5s See S to c k E
B k in Q C o A S u b
B k Jyn R a p T ra n

§106
114
116
h lis t
100*2 103
245
243
104
105
E xch
E xch
325
102
100
113
105
i 106

107
108
lis t
list
400
103
101
115
106
109

1 s t 5 s 1 9 0 3 .................. J 5 s e r t fs in d b t 1 9 0 3 .. J B rk C A N 5s 1939. J G r S t A N e w 1 s t 5 s ’ 0 6 F -i
G r’ p t A L o r im e r S t 1 st 6
K i n g s Co. E le v a t e d —
1 s t 4 s 1 9 4 9 See S to c
E x c h lis t
N a s s a u E le c p r o f ........ 10 )
83
85
5 s 1 9 4 4 ........................A-< * 113
115
l e t 4 s 1 9 5 1 ..................J 90
88
N e w W b ’ g A FI 1 s t e x 4 ^
105
106
S te in w a y 1 s t 6 s 1 9 2 2 . J- n 16 Ja 118

OTHK it CITIES
B u ffa lo S tr e e t Ity —
1 s t c o n s o l 5 s 1 9 3 1 ..F -j i § 1 1 0
118
D e h 6s 1 9 1 7 .............. A.* ) § 1 0 0
107
C h ic a g o C ity K K s t k . 10 > 2 1 0
220
C lu e i, Mion T ra cC o in 10 >
1 3 >2 14
P r e f e r r e d .................... 10 )
48
47
C le v e la n d C ity Jty___ JO )\ 1 0 8
1 J4
C le v e la n d E lect,r R y .1 0 11 84 »4 85
C o lo rn b u s (O j S t H y .. 10 r
Wl >4 53
l ’ r< U s T T t Q .....................10 y 101
102
C ol urn R y c o n 6 b S ee P i ila list
C ro ssV w n 1st5 s '3 3 .J h> § 1 1 0
111
-B u y e r p a y s a c c r u e d in te r e s t.

Street Railways
G r a n d R a p id s R y ___ 100
P r e f e r r e d ....................100
I n d ia n a p o lis S t R y S ee
J C H o b A P a t e r s o n ..100
4 s g N o v i 1 9 4 9 . ..M - N
L a k e S t (C h ic ) E l s t k . 100
D e b 5 s 1 9 2 8 ..............J-J
L o u i s v S t R y 5s 1 9 3 0 J A J
L y n n A B o s 1 s t 5 s ’ 2 4 . J -D
M in n e a p S t R y 5 s S ee S tk
N e w O r le a n s C ity R y 100
P r e f e r r e d ................... 100
N o r t h C h ic S tr s t o c k . 1 0 0
1 s t 5s 1 9 0 6 -1 6 ..........J -J
N o r t h J e r s e y S t sto 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 6s 1 9 1 4 ................. A -O
R o c h e s t e r R y (n e w ) . 100
P r e f e r r e d ....................100
C o n 5 s 1 9 3 0 ..............A -O
2 d 5 s 1 9 3 3 ..................J -D
S o S id e E l (C h ic ) s t k . 100
S y r a c u s e R a p T r 5s 1 9 4 6
V n it R y s ( S t L T r a n s ) 100
P r e f e r r e d ....................10 0
G e n 4 s 1 9 3 4 ............... J-J
W e s t C h ic a g o S t .......... 100
C o n g 5 s 1 9 3 6 ........ M -N

A sk
B ie l
41
89*2 90*2
P h ila lis t
15
18
82
§ 81
11
11*2
104
119
§118
§112
113*2
E x c h lis t
30
31
106
104
180
28
82
§128
§100
45
93
111
100

30
83

46
94
113
104
113
102
103
31
31*2
84*8 8 4 3b
§ 89
89*2
95
9534
§100

Gas Securities
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 Yr) s t o c k N Y
E q u i t G a s c o n 5 s l 9 3 2 See
M u tu a l G a s ....................100
N e w A m s te r d a m G a s—
1 s t c o n s o l 5 s 1 9 4 8 ..J-J
N Y E le c L t H ea tA P ow er
G o ld 5s S ee N Y S to c k
N Y A E a s t R i v e r G a s—
1 s t 5 s 1 9 4 4 ................. J-J
C o n s o l 5s 1 9 4 5 ........... 1-J
N o r U n 1 s t o s 1 9 2 7 .M -N
S ta n d a r d G a s c o m ___ 1 0 0
P r e f e r r e d ....................10 0
1 s t 5 s 1 9 3 0 ..............M -N

§110
112
S to c k E x c
S tk E x list
310
ill

112

E x c h list
112
109
107
130
150
§115*2

113
112
n o
135
155
11S

OTHER CITIES
A m e r L ig h t A T r a c t . 100
29*2
P r e f e r r e d ................... 1 0 0
89*2
B a ltim o r e C o n s o lid a t See B a lt
B a y S ta te G a s ............... 50
S8
B in g h a m to n G a s—
5s 1 9 3 8 ....................... A -O § 93
B o sto n U n ite d G a s b o n d s B o s to
B u ffa lo C ity G a s s to c k 100
9
1 s t 5 s b o n d s .....................
84*2
C h ic a g o G a s See N Y S tk E x c h
C in c in n a ti G as A E le clO O 101 *4
C ol G a s L A H e a t c o m 100
93
P r e f e r r e d ................... 100
1 s t 5 s 1 9 3 2 ................. J-J §10734
C o n s o l G a s (N J ) s t k . 100
12
1 s t 5 s 1 9 3 6 ................. J-J
80
ConsuTii G a s (J C ity )—
1st 6s 1 9 0 4 ..............M -N § 1 0 2
D e t r o it C ity G a s ............50
62
D e f t G a s b ’ d s 8’e e N Y S l k E x c h
E s s e x A H u d so n G a s 100
30
F o r t W a y n e (1 m l)—
J Ht 6 s 1 9 2 5 .................. i -J
52
(law A E le c L erg eu O O 1 0 0
25
G ra n d R a p id s Gas1 s t 5 h 1 9 1 5 ............... F -A § 1 0 5
H a r tfo r d (C t) G a s L . ..2 5 f 4 8
j 11 u d son C o G a s ............100
23
5s g 1 9 4 9 ............................. 1 100
/ n d ia n a N a t A III G a m
1 st 6s 1 9 0 8 ..............M -N 1 45
t P r ic e p e r aliar

1 Sale price

31
90*2
list
78
95
n list
10
86
list
101*2
94*2
1 04*2
109
14
81

list
35
54
30
106
50
26
101*2

50

C e n tr a l A S o A m e r . .
C lies A P o t o T e le p h .
5s 1 9 0 9 -2 9 ................

)
36
.1 104
i 10 3
J
64
J 1 0 5 38
9 175
5 115
0
78
1 o s to n
0
47
0 120

A sk
61)
U3
lb
02
32
0 2 *2

I n d u * f f i n I u l i d M in<c e l
( h a t e a u g u y <>re A. I ( h'lbl
A t <j r a in
)C ...
C

( lo s o b r o u g ii M tg C o i b o
C lulliu (H B ) 1ht prel 100
2d p re fe rr e d ........... i 00
C o m m o n ................... .1 0 0
] 00
(jo
r >1 A J lo ck C oa l A I pf 100
1st g oh 1 9 1 7 ...
50
HC(1 A i r C o . , .1 0 0
09
<
11 CftLiii 100
42
<
.1 0 0
58
(
P r e fe r r e d .................. .1 0 0
st
( o n s o l R u b b e r 'l i r e , .1 0 0
22
C o n t in e n t a l T o b a c d< .1) 7h
50
( o r bin C a b in e t L o c k .1 0 0
........ ( o r b m (P A I’ ; C o ........25
96
( lorn P r o d u c t s (w i ) ..1 0 0 .
P r e fe r r e d (w i ; ........100|
91*2

Iranms' SJi AEn BldglOO

98
lis t
„
40
107
106
67
1.84

|( iruciule Steel............ 100
P r e f e r r e d .................... 100
J)la m o n d M a tc h C o Set
1)o m in lo n S e c u r il ■
|J :le c t n r B o a !............... 100
P r e f e r r e d .................... 100

Clectnc Vehicle........ loo
P r e f e r r e d .................... 100
Crnpire S ta te S u g a r .. 100,
1 s t 6 s 1 9 1 5 .................. J-J
Umpire S t e e l.................100
P r e f e r r e d .................... 1U0

B id
35
15
§88
440
100
102
100*2
60
86
8
50
10
55
3
100
‘n o

70

As
45
20
455
105
102
05
93
10
00
20
4
10 x
3 00

75
801

29
47

1061
30
50
51

80
95 1
'1 0
52
1
69
100

84
list
62
55
F r a n k l i n ........ .
99
P r e f e r r e d .................... 100
123
G o ld A S to c k ,
o rlia m M f g C o c o m . 100 11 5
..........
i ^ s , 1 9 0 5 ...
P r e f e r r e d .................... 100 125
0 z r i o o 102*2
63
63-U
e B o s t o n list II a c k e n s a ck M e a d o w s 100
M e x ic a n T e le p h o n e
50
56
e B o s to n lis t H a LI S ig n a l C o ............ 100
N e w E n g T e le p h o n e
K>
11
H a v a n a C o m m e r c ia l. 100
126
0 12 2
49
53
P r e f e r r e d .................... 100
170
0 167
H k F -J o n e s-J e w ’ i M ill.p fd
sT 112
92*2 100
1 s t 6s 1 9 2 2 ................ M -S
83
5
78
3
H e r r i n g- H all- M a r v i n 10 <>
1*2
0 1 100
1 s t p r e fe r r e d ...............100
37*2 42*2
103
5 10 0
S o u th e r n A A t la n t ic
5
10
2 d p r e fe r r e d ...............100
7
T e l T e l A C a b le o f A m . 155 1 5
H o b o k e n L a n d A I m p 100 n o
Electric Companies
5 s 1 9 1 0 ...................... M -N 1 0 6
In te r n a tT B a n k in g C o lO O 21 0
21 5
A lle g h e n y C o L i g ’t C o l( 0 ..........
21
25
1 6 6 ” I n t e r n a t io n a l S a lt c e r tfs .
C h ic a g o E d is o n C o . . . I t 0 165
E d is o n E l 111 B r k 4 s N i S t o c k E x c h I n t e r n a t T S ilv e r S ee S tk E x c h list
6 s 1 9 4 8 ..........................J -D 100*2 1 02
1%
0 t
1*8
3
Y S to c k E x c h I r o n S t e a m b o a t ............25 i ..........
150
)h n B S te ts o n c o m . . 100 1 4 0
2 00
0 19 6
192
P r e f e r r e d ...................1 0 0 135
K in g s C o E le c L A P C o l O O0 18 9
12
L a n s t o n M o n o t y p e ___ 20 f 11
0 f 94*4
2 15
L a w y e r s M o re in s u r .1 0 0 2 0 0
40
0
38
n o
L a w y e r s ’ S u r e t y ........ 100 10 5
P r e fe r r e d
0
72*2 73
34 0
L a w y e r s ’ T it le I n s . . .1 0 0 335
0 125
L o r illa r d ( P ) p r e f ........ 100 1 20
17
0
15
10
M a d is o n S q G a r d e n . . 100
.
68
714 s 1929.
75
2d 6 s 1 9 1 9 ................ M -N
0 See B a lt list
8*4
M e x N a t C o n s t r u e .p f 100
8 34
Ferry Companies
M o n o n g a h e la R C o a l ..50 f I S h 1334
P r e f e r r e d ....................... 50 t 42*2 43*4
19
0
17
33fc
3*8
M o n t A B o s t o n C o p p e r .5 f
J 113
115
100
M o s le r S a fe C o ............ 1 00
C o n 5s 1 9 4 8 See S1
t E x c h lis t
20
21
n o
N a tio n a l C a r b o n .......... 1 00
[e t r o p o lita n F e r r y 5
. 1 08
82
P r e f e r r e d .................... 1 00
X I i f c E E F e r r y s tk .
73
84*2
0
70
31*4 - 32 *2
N a t E n a in ’ g A S ta m p 100
ST § 9 4
95
85
86
P r e f e r r e d .................... 10 0
0
70
N Y
N a t io n a l S u r e t y ..........100 14 0
\T §112*2 i ’14
33
40
N e w C e n tra l C o a l.......... 20
C o n 5 s 1 9 4 6 ..............J- D § 87
89
SO
N Y L o a n A I m p ........ 100
e w Y o r k A N e w Jers< y
Il6
N Y B is c u it 6s 1 9 1 1 .M -S 1 1 4
1 s t 5s 1 9 4 6 ............... J J 105*2 107
N Y D ock Co
S ee S t o c k E x c h lis t
0
75
P r e fe r r e d
S ee S to c k E x c h lis t
D §105
10 8
1 st 4s 1951
S ee S to c k E x c h lis t
44
0
43
146
148
N Yr R e a lt y C o r p ........ 100
^ §108
n o
N Y T r a n s p o r t a t i o n . ..20 t 13
13*2
N ic h o ls o n F ile C o ___ 100 132*2
Railroad
9
O n ta r io S i l v e r .............. 10 0
7*8
32
33
O tis E le v a t o r c o m ___ 100
C h ic P e o A S t L p r e f.1 0 00
9*2
98
99
P r e f e r r e d .................... 100
P r io r lie n g4*2S ’ 3 0 M A SS § 1 0 6
108
99
C on m t g g 5s 1 9 3 0 . J A J
100*2 P it t s b u r g B r e w i n g ___ 50 t 24 7a 25**
P r e f e r r e d ....................... 50 f 4 4 % 44*2
I n c o m e 5s 1 9 3 0 ............ .
28
31
25*e 25*2
lis t P it t s b u r g C o a l...............100
D e n v e r A S o u th 'll See S tk E x
90
90*8
P r e f e r r e d .................... 100
k E x c h lis t
149
S tk E x
list
P it t s P la te G la s s ........100
k E xch
lis t
P o c a h o n t a s C oa l S u b s . . . 127*2 12 9
88
95
M e x N a t io n a l (w i) ..
0
17*4 17*2
P r e fe r r e d (w i ) ........
0
41
41*2 P r o c t e r A G a m b le ____100 1 365
20 4
P r e f e r r e d .................... 100 199
h lis t
B o n d s See S t o c k £
1
9334 94*4 R a p T S u b O p e r 10 p d 100 13 7
140
N o rA W e s t-P o ca 4 s. 1
1 07
R o y a 1 Bale P o w d p r e f. 10 0 105
N or P ac n e w 4s (w i).
k E x list.
0 102*8 i'03*2 R u b b e r G o o d s M f g S 'e e S Coocck
P it t s B e s s & L E . .
0 t 36
36*2 R u s s e ll A E r w in ...........25 r .......... 62
S a fe ty C a r H e a t A L t 10 0 1 4 0
143
75
P r e f e r r e d ..............
0 1 70
S im m o n s H a r d w c o m 100 18 0 34 185
S e a b o a rd A i r L in e See E a lt lis t
P r e f e r r e d .................... 100 139
2 d p r e fe r r e d ...............100 142
147
Industrial and 3iiscel1
.100 2 35 255
S in g e r M f g Co.
S ta n d a rd M illin g C o . 10 0
A c k e r M e r A C o n d i t ... >s 10 0
4*2
5*4
21
P r e f e r r e d .................... 10 0
12 0
A lli a n c e R e a l t y ..........1 0 1 0 0
24
k
E
x
c
h
73
7
5
5
s
...........................................
lis t
A m a lg C o p p e r S ee S to
A m A g r i c C h em See B o s to n lis t
S ta n d a rd C il o f N J .. 1 0 0 635
64 0
220
A m e r B a n k N o t e C o . .. 0 t 55
58
S ta n d U n d e r g d C a b le 100
A m B ic y c le S ee X Y S k E x c h lis t
S ta n d a rd C o u p le r c o m l 00
31
35
A m e r ic a n C an c o m . . . l 10
15
13 0
P r e f e r r e d .................... 10 0 1 2 0
15*2
S w ift A C o ......................1 0 0 105
>0
58*2 59
10 8
K)
81
102
1 st o s 1 9 1 0 - 1 9 1 4 ....J -J §101
82*2
P r e f e r r e d ........
)0
2
T e n n e s s e e C o p p e r ........ 25 t 15*4 15*2
84
A m e r G r a p h o p l lo n e .
4
T e x a s A P a c ific C o a l. 100
90
0 t
3*2
P r e fe r r eedu ........
0 t
8
1 s t 6s 1 9 0 8 ................ A -O § 1 0 6
n o
8*2
)0
5*2
6*2 T it l e G u a r A T r u s t . . . 100 55 0
P r e fe r r e d ...................
5
)0
38*4 39*2 T r e n t o n P o t t e r y c o m 100
7
6 s See S t o c k E x c h
St
P r e f e r r e d .................... 100
70
73
70
)0
40*2 41*2 T r o w D ir e c t o r y n e w . . 100
P r e f e r r e d ................... )0
80
90
U n io n C o p p e r .................. 10 1 378
4A m e r P r e s s A s s o c ’n . )0
90
10 0
20
U n io n S t e e l A C h a in . 100
33 .
A m e r ic a n S c r e w ........ )() .......... 1 80
40
P r e l e r r e d .................... 100
50
)0
35
80
U n io n S w it c h A S ig n a l 50 f 78
38
P r e f e r r e d ___
P r e l e r r e d ....................... 50 r 95
100
)0
95
97
A m Soda F ou n
U n io n T y p e w r c o m .. 100
74
)0
2
76
6
1 s t p r e f e r r e d ..............100 122
JO
50
55
125
2 d p r e fe r r e d ..........
)0|
7
118
122
2d p r e fe r r e d ..............100
10
A m e r ic a n S u r e t y ...
7
U S C a st Ir o n P i p e . . . 100
iO 175
185
6
A m e r S t r a w b o a r d ..
36
38
P r e l e r r e d .................... 100
JO
23*2 24
B o n d s 6 s ................. F A l 100*4
19
21
U S C o tto n D u c k ........ 100
A m T y p e f o ’ r s s t o c k .. 10JO
0j 4
48 ' 52
P r e l e r r e d .................... .100
A m e r W o o le n See S,tockj
Exx c h lis t
k E
U S E n v e lo p e c o m . ..1 0 0
40
P r e l e r r e d .................... 100
78
2*4
81
J0|
1 *2
P r e fe r r e d ...........
•••«
36
9
U s G la ss c o m m o n ... 100
JO
7*2
5 h 1 9 1 9 .................
P r e f e r r e d .................... 100 140
145
-J 1 68
71
A n t h r a c it e C o a l ..
U S U ed u ct A UeiiinngiS'er S tk E x list
>0
70
80
B a r n e y A Sm C ar.
U 8 S te e l C o rp o ra tio n See S to ck E x c h
)()]
24
30
13
is
)0, 128
131
U n lv e r s a l T o b a c c o . . .1001
55
40
150
l* r e f e r r e d .................... 100
>(>! 142
9
11
P r e fe r r e d ..............
V a C oa l Iro n A C o k e . 100
>0 134
140
51.
loud A .M«ut Guar.
48
5s 1 9 4 9 ........................M -S
JO 4 3 0
»
5 J 8*2
83, W e s t ln g li A ir B r a k e . .50
23 ’2 24
W h ite K n o b M in in g . 100
)0| 107
11 2
127
C e n t F ir e w
W o r t h in g P u m p p r e f. 100 125
)0| 17
20
P r e fe r r e d
JO! 02*2 70

THE

±70
Boston.

P hiladelphia and

r y * 5§Mmr*
Saturday,
Wtb, 2 2 .

•%
.2
2
2
*
J
2
2

t
*

to
p
as

0

to
22
w

0

r>
K

l

B altim ore S t o c k

—N o t P « r O e iti t*i

Hiyndiiy „
Feb. 2 4
30 3
102
‘ 345
193
154
182
73
68 W
140%
30%
80%
90
*28%

28 3
104
193
164

\m
74

58%
U 0S
30^4
86%
90
29

‘ uesday,
T
Feb. 2 5 .
204
*16 1%
*345
193
*160

30 4
.....

*304
*101%
* 14 5
192
193
164% 1 5 3%
133
184
78%
*72 % 74
54
*54% 61
146%
*140%
30%
80
80^,
30
8 8 % 30%
95
90
90
38%

664%
....
193
164
132
70 %
54
140%
00%
80%
90

304
101 %
*345
193%
‘ 153%
*183
78%
54
140%
80%
86
9d

204
163
198
104
«■ 4«,«
73%
54
140%
80%
30%
20%

10 7
107
2 1 1 % 2 1 1 % 2 1 1 % 3 l i % *61 1% 2 1 2
61L
7
6
%
75
8-10
7
5
%
76%
75%
75
75
48 8-10 28%
3 8 % 2 8 % 2 3 8-10 98%
24% 28 4
40% « 0 *
40% 4 0 %
*0% 40%
4054 40 %
84 % 84%
34 1-10 B4% 34 5-1 8 7-10 84 3-10 84 %
3 0% 2 4 % * 2 4 % ..........
25
35
*24 H 25
4 6 % 40 %
* 6 % 48% *46Vf 4 8 %
100
100
X J0% 100
99% 99%
9 1 % 100
8 7 % 87% *87% 07%
87
81%
87
x37
40
88% 8
8 8 % 80%
88%
89
87
10% 1 0 S
16% UH
16^6 10^8
18** 10%
30
60%
W0
96
9 0 % 90% *90%
7C-%
98%
86%
%

09%
24
85%
%

71%
34
86
%

70%
*28
*85

72
88%
85%
%

70%
38
*85
7-1 0

73
33
80
7-1 0

127%
119
16 8
*010
38%
16%
67%
32%

1 2 9% 1 2 7 %
119
119
157
15 8
*010
035
28%
34
10
16*
88
07%
28
mu
78%
78%
85% ! 8 4

13 9
11 6
1 5 7%
01 5
33%

1 2 7%
119
150
01 0
28%
17%
87%
*38 %
7 8%
84
******
76

128%
119
15 7
01 0
28%
18%
68
98%
74
85%

128%
118%
150
01 0
33%
17%
67%
2S %
74
883*
.,« « * »
70

1 3 0%
119
157
61 0
24
18
87%
33
74%

-

7m

*

78

'2

70%
4
%

2

*

9H

H

2
*
*
2
2
2
*
2

70%
4
%

\%

89
89
140
140
6 1 % 31%
3 11-16
3%
12
IS
119% 119%
47%
« x
m
3B%
39
13
12
2
—
39%
•
88
♦80
z
90
90
s
s
k
e
d
p
rices
* B id and

IN A C T IV E S T O C K S
R A ILR O A D S,—P rise#
Amer. Railway s(Phil) 50
A ll & Charlotte (Balt) 100
ISos A Maine pf, (Boat) 100
jgofton A P tot . 4< 100
OoxmAPassum “
100
Conn R iv e r ,.*, 45 100
Consol Tr P itts!(P h il) 50
P r e f t . , 44
50
m South A Fla. (Balt) 100
1st p r e i , ,. ,. . “
100
I d p r e f,:,,,« 44 100
8 ’ nnant’u Pass (Phil) 50
H estonv M A T 44
50
P r e i . . ..............

“

50

Inds S tre e t,.... “
10G
U ttle Schuylk, “
50
Maine Central. (Bost) 100
Minehill A S H , (Phil) 50
Wetquehon’ g V . **
60
M orth P en n .,.. 4f
50
Per® Marqu’te. (B ost) 100

Fref............... 44 100
P M Germ AN.(Phil) 50
Phila, Traction 46
50
By* Co Generali 4>* , •
Rutland pref (Bost) 100
United N J .......(Phil) 100
UnPowATrans "
85
West End pref, (Boat) 60
West Jer ASS. (Phil) 60
W estN Y A P a , 4C 50
Wis Cent, new. (Bost) 100

P r e f ,........
4f 100
W o rN a a h & B . “
IOC
MISCELLANEOUS*
Ailoues Mining (Bost) 35
Am er, Cement, (Phil) 10
A m Gold Dredg(Bost) 10
Amer. L A S ...(P h il) 60
AmPneumServtBost) 50
P r e i . . . “
.50
A rca d ia n .,,, «,♦
35
Arnold Mining* 46
86
Atlantic Mln’g , 14
35
Baltic Mining* * 42
35
M th B tc e l,.* ,.(P h U ) 50
Boston Elec LL (Bost) 100
Cambria Iron ..(P h il) 60
Camb SDrexel ra o t44 ,,,*
Canton C o ....,* (Balt) 100
Central O il.,,.*(B ost) 35
OonMercur gold 44
5
(Dumb Tel & Tel “
100
Daly-West Min “
20
D anv Bessemer (Phil) 1%

DeLong H <& X

w

10

Diam State S t.,
44 10
Pref
Demin Goal pf. (Boat) 100
Bern Iron Ss S.fi 44 **..
maston Con EL (PM1) 60
Edison E l Hl|..(Boat) 100
H leeCoolAm lJ (P hil 50
Franklin M ln’ g, (Best) 25
gen era l E lect. „ 44 100
P r e f...............
w 100
G-B-B. Brewing (Balt)
Ind*EgypCom (Bost) 100
In t B ut H tfe S k ^ 10
Imt gPJbDynam(Phil) 50
Jgljr Boyale1]..(Bost) 25
Mannfao R u b ..(P h il) 50

68
32%
73%
88%
»*»’.».
78
78
!***«• Ml-

H
*m

U

1h
*89
90
140
140
31 % 2 i %
4 4 8-10
UK
13
47
39%
*13

48
39%
13%

A ak,
28.
>«•••*
Mill

a•*« , t »*» *a0
48
100% ■a« «, a
78
79
150
m m aaII1i
TS* .i m .
111aa• a*fl» 0<
•Ml M
175
04
51% iHHI
1 0 9 * 110*
75
70
84
87
99%
6
115%
388%
492*,
115
70

100
u im
110
Mian

«,,»,«

tian

•a» , « a
<«, a, a

is o
s%
m
2
5
**

4
6
3

5
29
6%
m
1
%
SO
S3
47% 47*
*a*. -aa*a,
IHHI Mill
47 U IHIII
iaaaaa M ill)
j« a**a 98
7
8
3
m
•»M|I 125
20
21
H
«
1% aa0?*
iMiU
110% 117
8 3 * 84
35S
6*
J 4 % 14%
304 900
16*,

16%
Q

8
30J,

31%

m
H

IMMI
70
8%

U

n%
n%
1%
m
♦89
90
*82% 00
*140
HO
14 0
2 1 % 23
33W 22 %
8 % 4 3-16 8 18 -10 4
18
12% 1 w
120
IS l
119% 122
4 6 % 46%
4 0 % 47
39
29%
29
29%
♦IS
12%
1 2 % 13%

*87
89
88”
*89
90
90%
n o sal© wa> m a d e.

B id .
F eb.
44
' *M||
173
802
105
285

76

90 *
90%

88
88
90
91%
t W ir e s t o

Fria
Feb.

[V ol. LXXIV,

Exchanges— A
A C T IV E

Wednesday Thursday,
Feb. 2 7 .
Feb. 2 d .

iii

69%
38%
♦86

CHRONICLE
Daily and

Y early
Sales

8 TOCK8 .

o f the
Week.
Shares

U India* tea anH stcd,

Record.

M a n e t o f S a lta i n

Lowest

1902

Highest

t t s f l f o a d 8 t 0« k i .
*04%
202 2 0 1 % Jan. 2 206 Fsb. 28
bouton A Albany.***.,........ (Bouton). . . 1 0 0
*1 0 1 %
.,io o
Boiton Mevsted, full paid.,
*4
19 101% Feb 21 170 Jan 36
*845
.,1 0 0
boston A L o w e l l , , , H
3 4 1 Jan.
2 340 Feb. 4
X l9 1 %
M i 101
Boston A Mains.
"
. .a o o
2 103 Jan 26
Ja n.
162%
,,100
20 l 162 Feb 20 167 Jan 18
Ohio. June. A Un.Stock Yds,
*'
t.t .n
*.1 00
2 42 180 Ja n. 8; 186 Jan 80
Preferred
*o «*•*«
14
70 J a n . 10 70 Jan 18
*
Choc. Okla. A G. trust cert®, (FkUa.L ,, 60
265 68 Jan* 16 64% Jan 0
t
.* 60
Preferred Tr. oertfs
,
‘1
*14 0%
985 143 Ja n. 24 140% Fen 24
Fitchburg, 'prcf*••«•,•,*,,«.,(Boston), ,. i o o
1,921 8 6 % Jan. 14 88% Jan 3
i
60
Lehigh valley...... (Phila,)j,...
88
80% Massachusetts Blent, Cos , ..(Boston)*.,«!00 1,140 3 8 J a n . 30 87% Feb. 17
852 01 J a n 38 97% Feb. 17
9 8 % 00 % P r e f e r r e d * *
**
...,100
38
20 Mexican Central. «*,*,*,«,*,,
85 20 Jan, 16 29% Feb. J7
44
. . . . 100
80 104
*
Northern C en tra l,.**,,,...,, (Balt.)
60
7 107 Feb. 37
Jan
311%
00 210 Jan a 212 Feb. 28
Old C o l o n y . ( B o s t o n ) , ,, , 100
t
1,449 7 3 % Ja n. 14 76% Feb. 11
Pennsylvania,,,,,* ................ (P h lla .),,,, 60
17,139 26 1 l-1 0 J a .l5 m itf Feb. IB
t
Heading Company........
“
,6 0
t
787 4 0 % J a n . 14 m
1st preferred........................
“
60
Feb. 10
t
“
, . , , 6 0 1 4 .087 BO Ja n. 14 85 Feb- 19
2 d preferred,........ .
t
200 3 8 % Ja n. 24 27 Feb. 14
Seaboard Air Line
(Balt.) ,,,,10 0
t
00 4 0 % Ja n. 29 50% Jan. 2
Preferred ..............................
** ,,..1 0 0
9 8 % 99% Onion Paolilo........
1,718 9 8 % F e b 28 104% Jan. 2
(Boston). .. . 100
8 7 % 87%
197
87 Fee, 24 90% J *n. 2
Preferred
... .... ..a ,
“
,,,.1 0 0
X
Onion Traction, 617% paid. (PhU a.),.,, 50 67.088 8 3 Ja n. 0 40 Feb. 27
2,344 1 4 % Ja n. 2/ 16% Feb. 19
X
United Ry A Elec. O o , ( B a l t . )
60
97 West End S t r e e t . * , , , ( B o s t o n ) . . . . 60
07
355 94 J a n . 2 97 Feb. 28
f llls c e ila a e o n i S c o o k i,
70
71% AmalgamatedCopperT .,,* ,(B oston )..., 100 18,181 67% Jan 10 79 Feb. 1
2 3 % 28* Amer. Agrloul, Chemical t ..
44
,,,,10 0
400 31 Jan 10 24% Feb. 10
831 81% Jan i3 80% Feb. 10
Preferred 1,
44
...,1 0 0
84% 85%
i
080
American A l k a l i * , ( P h U a . ) * . . . 50
% Jan. 4
% Feb. 3
t
Preferred, $10 p a id ........ ,
“
,,, , 60
1 3 8 % i 129% American Sugar RefiningT,(Boston)....10 0
8,040 110% J a n 0 132 Feb. 18
1 X0
119
P referred *..,,........ .............
44 ,,.,10 0
185 118 J a n ' 4 119% Feb. 31
1 5 5% 155% Amer. Telephone & Tel, Co..
3,038 1 5 5 % F eb. 98 103 Jan, 3
“
,.,,10 0
00) Calumet A H ecla........
000
43 580 J a n , 14 050 Feb. 1
44 . . . . 25
1,830 2 3 % Feb. 4 20 Jan. 7
X
Camb.Steel,$18% paidreots,(Phlla.) . . . . 50
. 25
9,4 17 11
10% 18% Centennial M i n i n g . ( B o s t o n )
J a n 14 1 8 U Feb. 20
X
1,703 0 2 % J a n 29 68 Feb. 34
Consolidated Gas...... .
(Balt.) ..,.1 0 0
1,545 2 3 J a n 21 at
X
Consol. Lake S u p e r i o r , (Phila.) ,,.,10 0
Jan. 11
2 ,3 7 t 8 6 % J a n
X
P r e fe r r e d .* .,,,,.,,,,,..,.,,
44 ,,,,10 0
8 74% Feb. 19
8 8 % 89% Dominion Coal .,* a ,»,,.,,,,,(B o s to n )....1 0 0 2 3 ,7 8 5 5 4
Jan
2 88% Feb. 38
,.,,1 0 0
Erie T e l e p h o n e . . . “
14% J a n
2 21 Jan, 33
*,,«*«
80 7 0 J a n 14 78% Jan. 8
Lehigh Coal A Navigation.,. (P h lla.), , , . 50
t
050
$
Marg-den Con
*,,,*««,,,
11
,,,,1 0 0
4% Jan 3
2W F e b .
8
X
170
National Asphalt
44 , , , , 50
% J a n 29 L 1-10 Feb. 7
P r e fe r re d .,,,,,,,,
44 , , , , 50
X
1% Jan* 18
oto,*1 1 J a n 29
10 8 9 J a n 16 90 Jan. 2
*8 0 %
New Eng. Cotton Yam, prof. (B oston ).,,, 100
*140
Jan. 29
41
141
18
5
J
a
n
.
2
New England T elephone....
“
,...100
1,895 2 1 % J a n 25 35 Feb. 1
Old Dominion Copper
44
,,.-26
*^1%
X
8% J a n 27 4 13-10Jan 3
Philadelphia Bleo.T 5 paid.. (PhUa.),.......... 1 3 ,4 0 5
9,785 11% F e b . 10 14% Jan. S
Trinity Mining
(B oston )..,, 26
12%
3,218 11 5 J a n 15 L26 Feb. 8
X
United Gas Improvement f.. (Phila.), . . . 50
46%
1,290 4 6
United Shoe M achinery,,,,,(Boston) , , , , 25
Jan.
2 49 Jan. 35
20
29
Jan
9 29% Jan.
1,971 29
Preferred
25
4
IS
135 11
Jan
0 13% Feb.
44 , , , , 25
0
13% United States O il.,,, , 4. , , , , .
4
100 24 J a n , 81 80 Jan. 9
Welsbach C o ..,,,...............
(Phila.).,.,1 0 0
90 Westingh. Electric A M fg,.. (Boston). . . . 60
*88
58 8 0 % J a n 11 90 Jan. 3
*80 %
P r e fe r r e d .....................
“
. 50
170 8 9 Jan. 29 95 Jan. 10
P h ila .
Balt, not working ; therefore Friday’s trars a c tio n s not reported.

Bid, Ask.
8 T O C K 8 -B O N D 8
MISCELIu—Concluded,
Mfd Rubber pfd(P hil) 50
Mergenthaler ..(Boat) 100 178 178%
' '
1C
Mex Telephone
2%
MtYex Cot Duck (Balt)
11%
NewEtogGsA01 (Boat)
5%
5%
New Hay I A S.(Phii)
Old Col Mining. (Bost)
m
Osceola Mining, £*
75 %
78“
Palmetto C o.. . . (Phil)
%
83
82%
Parrott SllACop(Bost)
Penn Elec Y eh ,(P h il)
•IMd
‘* 8%
P r e f . , , “
m
112
Pennsyi S a lt,.. 6f
a» « ,«
Pennsyl S te e l. . 4t ••«• 40
P ref
....... .
<s 100
•, , a
Phila C o .......... 44
50
2^
9
iOM
PlantersComp7 (Bost) 100
140
85 137
Quincy Mining
R hode IslMin™ *•
85
8%
m
5
1
Santa Ysabel G i(
71^
Seattle E lectric 44 100
107
P
r
e
f
44 100
Susqu© I A STLHPhil) ...
5
*« » 8a
Tamarack Min. (Bost) 25 330 885
6
Tidewater S t».. (Phil) 10
Torrington 44A ” (Bost) 85 ,»»,«, 27
88
20
85
Pref*,. .,,«**«« 44
85
U n C o p L A M ’g 44
1%
86
87*
U nB ILAPow pf (Balt) 50
88
89
United Fruit (B ost)„100
17% i m
U S M in in g .,,, 44
25
38% 24%
Utah M ining..
44 4*85
5
Warwick I A S . (Phil) 10
75
W estm rel Coal 44
50
2
W inona Mining (Bost) 85
IK
52
52%
W olverine Min. 44
85
B o n d s —B o s to n *
96%
Am Beil Tel 4s..1908 JAJ 3
A TAB F gen g 4g. ’ 95 AAO IlOS
04
Adjustm ent g 4 s,. 1995
U 7%
Boston T e r m ! 3%s. .1947
86
Bos Un Gas 1st 5s. ’ 39 JAJ I 85
2d M 5§...........1939 JAJ I 58
61
Bur A Mo Riv e x ’ pt 6s. JAJ |lS0
Non-exempt 6 s.’ 18 JAJ
Sink fu n d 4 s ..1910 JAJ
89%
Cent Y t 1st 4s 1 9 2 0 .,Q-F i 89
Ch Bur A Q 4*.1932 F&A * 100 %
Iowa Div 41.1919 AAO §■*-*•*
Chicago J une 5S.1915JAJ *108% 110
Oh A No M gu 5 s.’ 81 MAN 1109 110
Chi A W M gen 5s.’ 21 JAB *109 L1Q
Curr’t R iv 1st 5s.*37 AAO *104
•*a«, *
D G R & W lst4 a .540 AAO §100
>•0•0»
Domin Coal lst8 s.’ 13MA8 $110
East’ll xst M 0s g ,’ O0 MAS §110 113
F t ElkAM V 1st 6s ’ S3end §187 <* •»«
Unst’p’ d 1st 6s.’ 33 AAO §135 »a*.»•t
Blin Steel conv 5s.’ 10 JAJ § 100 % ■I *»•1
D ebenture 5s. 1913 AAO §103
*•*a*■*•
K C CA S 1st 5s g.*25 AAO §104
§114
& C Ft 8 AG 1st 7».’ 08 J AD
, Q, It*>
E O F SAMoon 0s.’ 88MAN
00
S O M AB 1st 4s..’ 34 MAS § 98
95% 00
Income 5 « . . ,*,»
K CA M EyAB 5s.’ 29 AAO §107
•»a« a»
■aa•e*
K C StJo A C B 7 s .’ 07 JAJ §115
L RookAF S 1st 7s,’ 05 JAJ §105
Mar H A Ont 6s...’ 25 AAO §118
83
Mex Cent 4s g.,1911 JAJ § 81
29
S3
1st con Inc 3s g non-oum
2d con inc 8s non-oum..
SO
38

4

BONDS
B o s t o n —Concluded.
NewBng oongen5s’ 45JAJ
N B CotY a m 5s 1929FAA
N B G a s A O 1st 5 s ..1937
New Eng Tele 5 s.118 AAO
0 1 . , , .............. 1907 AAO
N YAN Eng 1st 7s.s05 JAJ
1st m ort 6a„ ..1905 JAJ
Rutland 1st 6s , , ’ 02 MAN
Rut-Can 1st 4s 1949.JAJ
Seat Elec ls t5 s l9 8 0 F A A
Torrington 1st 5s 1918...
W est End St 5s. .’ 03 MAN
4 % s ................1914 MAS
Deb 4 s * .,*,,,1916 MAN
B o n d s —B a lt im o r e *
Anacostia A P ot
5s
A tl A Ch 1st 78.1907 JAJ
A tl Coast L ctfs 5a . . JAD
BaltCPaslst 5i. 1911MAN
Balt Fundg 5s. 1910 MAN
Exchange 8%s. 1930JAJ
Funding, 3%s, 1952JAJ
B altA Plst6sm l 1911 AAO
1st 6s tunnel 191X..JAJ
Bal Trae 1st 5s.l939M AN
No BaltDiv 5S.1943JAD
Con v ’rtible 5s 1906M AN
Central R y 6s.., 1913 JAJ
Consol 5 s ,*,,1932 MAN
E xt A Imp 5s.l982M AS
Chas City R y ls t 5s ’ 28JAJ
Chaa Ry G A El 5s ’ 09 MAS
CharlCAA ext5s.l909JA J
3d 7s 1910
AAO
City&Bub lst5 s.l9 2 3 J A D
City ASub (W ash) lst5 s’ 48
Col AGm vlst5-6.1917J AJ
Consol Gas 6s .. 1910 JAD
5 s . .,, ,- .......... 1939 JAD
Ga A A ialstpf5sl945A A O
GaCarANlst5sg,1939JAJ
GeorgiaPlflt5-6s 19 23JAJ
GaSoAFla 1st 5&.1945JAJ
G-B-S Brewing 8-4s 1951.
Income,
K noxvTrac lst5e ’ 38AAO
Lake R El latgu5s’ 42M AS
Met,Rt( W ash) 1st 5*’ 25F A
MtVernon CotDuck 1st 5s
In com e, * ,,,
,.,*«*.
New Orl Ga® 1st 5s...T ar
NewpNAOPlst5s’ S8.MAN
Norfolk St 1st 5s ’ 4 4 ,JAJ
NorthCent 4% s.l925AAO
6s 1904*.
JAJ
Series A 5s 1026.,,*JAJ
Series B 5* 1926... *JAJ
P itt Un Trac 5&A997 JAJ
Potom Yal 1st 58.1941 JAJ
SeoA vTh (Pitts) 5®’ 8 4J AD
Sav Fla A W eit 5s ’ 34 AAO
Seaboard A L 4s I 9 6 0 ,.,,
Seab A Roan 5s, 1936 JAJ
80.Bound 1st 5s *41.AAO
U nSlLA Plst4% s’ 29MAN
U n R y A El l» t4 * ’ 49,MA6
Incom e 4s 1049,*,*JAD
Yirg Mid 1st 61.1906 MAS
3d series 0 s ..1911 MAS
3d series 0»*.1918 MAS
4th ser 3-4-5s.l031MAS
5th series 6s, 1920 MAS

Bid. A sk.
1«•*•, r ••»••*
1103 104
1 57
58
§109

§100

§101
§103
5105%
5} 0, 0,«
§ ,......

■••, *i
104

100%

•*,,,*
102
•«««,*
f •0»«,« •4**#.64,4.
118*
( » a» 0»
a»o,ftt
•. *4,
111

*, I , 1
, «« tI
•«a•aa
'Mill
M0*
a, 0, »

»» 0 f >MM
•fMII aa0e*
ISO),
M»MI
ilBH
105
01
«••, •a
91%
122
113
110
**«*»«
111
127),
115
53%
48M

4, 1,'

M0{
- •ae
... *
98%
Mil
05'
1SS
»a« •»
111%
-J4, V■
5S%

ICO
1ttt,
121
117^
83%
49

105
111% 112
115
108* •»***»
*•#,*» »* **t
*» **, a
115% ’ ••Ml
w m i 118
118
*•*t
>**+1
85
sm
,»***,
88
"o ix

70% 70%
»»*«** 1MMi
110
113 •*»*,»
U7%

BONDS
B a l t i m o r e —Conolu’ d
Va (State) 8s new.’ 32JAJ
Fund debt8-S*. 1991 JAJ
W est N 0 con 0S.1914 JAJ
W estYaCAPlst6g.’ llJ A J
W il A W eld 5s.. 1935 JAJ
B e n d a —P h ila d e lp h ia
Alle Y y B ex t 7s 191OAAO
Asphalt Co 5s tr ctf#1949
Atl City 1st 5 sg..’ 19 MAN
Bans Ter 1st 5s. 19 20 JAD
Berg AHBrewlst6s’ 21 JAJ
Cambria Iron 0s. 1917 JAJ
ChesAD C&nlstSs.’ i e JA J
ChocAMem lst5 sl 949JAJ
ChocOkAG gen 5s’ 19JAJ
Cit’s’ St Ry (Ind)con Ss.’ SS
Colum St Ry 1st con 5s.’ S2
Con Trac o f N J 1st 5»..’ 33
Del A B Bk 1st 7s.’ 05 FAA
BastAA 1st M 5a,’ 20 MAN
Edison Elec 5s stk tr ctfs.
BlecA P eop’ s T r stk tr ctfs
SlmAWilm IstOs-’ lO JAJ
Income 5 s....2802 AAO
» q 111 Gas-L I s t g 5s.l928
H estonv M A F eon 5s. ’ 24
HA B Top con 5*.’25 A %0
Indianapolis R y 4s,, 19 3 3
Lehigh Nav 4%s. .’ 14 Q-J
RR 4s g .,.. ,,,1 9 1 4 Q-F
Gen M 4%s g ». 1934 Q-F
Leh Y C’l 1st 5s g.’ 33 JAJ
Leh Val ext 4s.. 1948 JAD
3d 7 s .* ,,,,* ..1910 M A S
Consol 6s.,,,,1 9 3 S JAD
Annuity 6s. .*•••• •,JAD
Nat Asphalt 68.1951. JAJ
New’k Con Gas 5s ’ 48 JAD
Newark Pass con 5s.l9S0
N YPhilANorlst4s ’ S9JAJ
Incom e 4 s ,.. 1939 M A N
No Penn 1st 4s.,’ S6 MAN

Bid. Afih~
97% 98%
97% 98 %

120
110

120 *
8S%
114 115
98 J» 0M i
>«•••«
>!*««•
53
115% 116

111

110
118
io6% 100%
107 «4»*M
108% •H4t«
118%
85
86
113% »**•••
mi t i

110

109% 110
118
134%
124
13>
1053118
84

14
108%

103% *****
G e n M ? » ........ ,1 9 0 S JAJ
P e n n g e n 8s r ,. .1 9 1 0 Y a r 183
*****
C o n s o l 6s o , , , , 1 9 0 5 Y a r 108
C o n s o l 5s r . . * . 1 9 1 9 Y ax 133
******
P e n n A M d S te e l c o n 6 s . . 118
******
P a A N Y C an 7 s .,’ 0 0 J A D
110 %
C on s 5 s ........ ,1 9 3 9 A A O
C on s i s . , . , , , 1 9 3 9 A A O
90%
P e n n S te e l l s t 5 s . ’ 1 7 M AN ****** .»**«•
P e o p le ’ s T r t r c e rts 4 s .’ 43 100
******
P hU a E le c g o ld tr u s t c t f s
m i
T r u s t c e r t fs 4 s . . , , , . , , *
08% *****
P h A B r um M 5 g .’ 2 0 A A O 133
*****
G e n M 4s g . .1 9 3 0 A A O 108%
P h A R e a d 3 d 5 s .f8S A A O 183% *****
C o m o l M 7 s , *1 9 1 1 J AD 1*7
*****
C on M 6 s g . * , 1 9 U J A B 191% *** *»
H x t i mp M 4 » g ,% 7 A A O 109
**%♦*
C o n M o f ’ S3 I s . ’ $ 7 j
»ll*i

Terminal 5s g. 1041 Q-l
*****
P WU A Balt 4®. 1917 AAO
' - ' *,
Col las trust 4#, 19 31 J AJ 108% 109
Read Oo gen 4«, 1097 j AJ
99
09%
Rochester Ry con 5#.1980
113
BchRESldelstbs g*35JAD U l%
S cra n T r a c 1 st ds^S2M AN

....

UnTracPitt® genbs* 97J A.1 11 6
Welsbach « f 5* I960, JA1>
4And interest.

03%

♦ P rice include® o v e r d u e com u o us.

171

THE CHRONICLE.

M a rch 1, 1002.]

pjuueslw ettl a m i ^Utilroaxl | u td lx g c w a .
R A I L R O A D
E A R N I N G S .
The follow ing table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two colum ns 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 I to and including such latest week or month.
The returns o f the street railways are brought together separately on a subsequent page .

N o t i c e C h a n g e —Our yearly totals now all date from J u l y I.
Latest Gross Earnings
roads

Week
or Month

Current
Y ea r

P r e v i ous
Y ea r

Latest Or088 Mornings

J u ly 1 to Latest Date
Current
Y ea r

Previous
Year

$
$
$
$
107,482
100,163
16,390
14,727
A d ir o n d a c k ......... D ecem ber.
45 ,9 2 0 1,567,576 1,396,140
51,702
A la G t S ou th ern. 2d w k Feb.
A la N O < fe T exas P a o June.
67 .0 0 0 1,183,557 1,155,135
73 .0 0 0
N O *& N o E a st. 4th w k Jan
559,550
627,536
37.000
41.000
A la & V ick sb ’g 4th w k Jan
619 .1 1 2
541,542
35 .0 0 0
41 .0 0 0
V ick sb Sh <fe P . 4th w k Jan
29 ,6 8 6 1,211,816 1,121,445
34,348
A n n A r b o r ........... 3 d w k Feb.
43 ,4 0 0
32 ,4 5 5
5,778
5,137
A n n W ash <& B al. D ecem b er.
A tch T o p & S F e. J a n u a ry ... 4,878,152 4,416,836 35,754,409 31,3 6 3 ,4 5 2
258,489 249.353 1,254,017 1,208,529
A tla n ta <fc C h ar.. N ovem ber
37,002
282,459
366,651
58,203
A tl K n o x v & N o. J a n u a ry ...
40,502
73 ,3 7 0
7 ,7 6 6
12,740
A tla n tic & Birin. J a n u a ry ...
A t! C oast L in e ... D ecem ber. 644 ,5 5 0 631,811 3 ,769,383 3,6 3 6 ,0 1 6
109,389
131,058
18,985
21,198
A tl V a ld & W est. D ecem ber.
54,941
48 ,4 0 0
7 ,6 4 6
8,077
B a lt <fe A n n S L .. D ecem ber.
B a lt
O h io -----> J a n u a r y ... 4,266,781 3,9 9 7 ,2 2 6 30,2 2 0 ,3 5 6 27,5 5 3 ,6 0 4
B A O S ou th w . <
7 0 6 ,5 4 5
815 ,0 2 0
B a n g o r & A ro o sl D ecem ber. 121,929 110 ,4 5 8
23,951
19,576
5,997
5,043
B ath & H arnm on N ov em b e r
17,772
14,828
B ella Z a n e s & C in N ov em b ei
34,422
23,952
3,971
4,9 1 5
B e lle fo n te C ent’ l J a n u a r y ...
2 2 ,9 5 4
2 ,6 4 4
2,651
21,937
B r id g t & Saco R . D ecem b er.
2,342
1,832
B u ff A ttic a & A r c D ecem b er.
100,827 4,0 7 3 ,9 8 6 3 ,701,755
93.023
B u ff R o ch <fe Pitts 3 d w k F eb
502,822
4 2 5 ,4 1 0
58.479
69 ,7 3 6
B u ffa lo & S u s q ... J a n u a r y ...
447,640 426 ,0 0 7 3,3 3 0 ,5 3 2 3 ,0 3 6 ,5 9 4
B u r DC R a p & N o f a n u a ry ...
592.000 4 9 9 ,0 0 0 2 4,186,551 1 9,762,059
C anadian P acific 3 d w k F eb
157,250 166,150 5 ,3 1 4 ,3 5 4 4 ,802,907
CentT o f G eorgia 3 d w k Feb.
317,763
369 ,4 3 4
65 ,5 4 5
48 ,9 2 6
C en t’l N ew E n g .. D ecem ber
C ent’ l o f N J ersey N ovem ber 1,513,047 1,380,267 7 ,4 8 0 ,1 0 6 6 ,537,935
C en tral P a c ific .. N ov em b er 1,724,443 1,627,697 9 ,400,035 8 ,876,461
59,495
1,551
64,681
1,843
C h attan S outh’ n . 3 d w k F eb.
C heeap & O h io ... 3d w k F eb 325,178 281 ,5 4 8 10,7 1 7 ,8 9 4 10,029,809
C h ic & A lto n R y . J a n u a r y ... 7 8 0 .0 0 2 7 4 8 ,8 3 3 5,6 8 3 ,4 2 6 5*487,423
C h ic B u rl <fc Quin D ecem ber. 4 ,2 5 6 ,9 2 4 4,1 1 0 ,3 7 5 28,4 8 0 ,5 8 7 26,4 6 5 ,4 1 7
120,861 1 1 3 ,1 2 4 3 ,9 6 2 ,4 9 4 3 ,6 0 7 ,6 5 6
C h ic (fe E Illin o is . 2 d w k F eb
136 ,2 8 7 1 3 3 ,4 0 4 5 ,017,247 4 ,519,752
Chiu G t W estern . 3 d w k F eb
7 3 ,5 5 2
68 ,4 5 7 2 ,9 0 2 ,4 8 4 2,6 2 7 ,7 0 1
C h ic I n d & L ’ v . . . 3d,w k F eb.
C h ic M ilw <fe St P 4 th w k D ec 1 ,353,377 1,247,299 2 4,386,248 22,3 9 3 ,2 5 4
C hic & N orth W ’ n J a n u a r y ... 3 ,5 6 5 ,5 2 5 3 ,1 6 0 ,7 9 4 28,2 3 6 ,5 2 7 25,6 3 3 ,2 8 1
124 ,4 9 2
822,968
854 ,8 5 0
113,507
C hic P e o & S t L .. J a n u a r y ...
C h ic R I & P a c ... D ecem b er. 2 ,291,205 2,1 9 4 ,9 5 1 1 6,215,751 1 4 ,3 0 7 ,4 7 4
C h ic S t P M & O. J a n u a r y ... 9 5 6 ,3 6 0 7 7 3 ,3 9 6 7 ,3 2 8 ,2 6 6 6 ,6 1 3 ,6 7 4
9 0 5 ,9 8 4
26 ,8 3 3 1 ,019.000
32 ,2 0 5
C h ic T erm T r R R 3d w k F e b
"98,717
*83,506 *3 ,8 2 7 ,7 2 9 *2 ,7 1 1 ,3 0 7
C h o c Okl & G u lf. 2 d w k F eb.
9 4 ,8 3 7 3 ,408,937 3 ,0 6 3 ,0 0 4
9 7 ,5 8 6
C in N O & T P a c . 2 d w k F eb.
C IC in Ch(fc St L . 3 d w k F eb. 316,139 3 1 9 ,6 0 8 1 2 ,3 2 5 ,9 1 0 1 1 ,5 8 2 ,2 1 4
4 1 ,6 7 4
52 ,5 7 4 1 ,6 4 7 ,6 3 4 1,5 8 3 .0 3 2
P e o ria <fe E a st’n 3 d w k F e b .
194.003 143 ,5 9 3 1,542,222 1 ,162,839
C lev L o r & Wheel J a n u a r y ...
110.000 107,635 3 ,5 5 3 ,2 1 2 3 ,137,791
C olora d o & South 3 d w k F eb
16,121
86,938
86,591
14,568
C ol N ew b <fe L a u . D ecem b er.
21,006
17,899
650.898
771 ,3 0 9
C o l Sand & H ock 2 d w k F eb.
18.034
22,915
123 ,8 6 0
185,784
C o rn w a ll <fc L e b .. D ecem ber.
90,231
4 7 4 ,5 6 0
518,967
95 ,8 2 3
C um berl d V alley N ov em b e r
D e n v e r <fe R io Gr 3 d w k Feb. 186 ,4 0 0 1 8 8 ,6 0 0 7 ,7 9 0 ,8 6 2 7 ,4 8 3 ,6 3 8
37 ,7 5 2
7 5 3 ,4 1 6
36.479
697 ,2 2 6
D e tr o it Southern. 4th w k J an
61,942
59,042
3 9 5 ,9 6 2
393 ,2 5 2
D e t & M a ck in a c. D ecem ber.
4
2
,7
7
6
38 ,9 9 0 1 ,659,946 1,5 4 5 .3 7 6
D u l So Sh <feA tl 2d w k F eb
99 ,8 9 4
15,053
12,695
87,575
E St L & C aron d . J a n u a r y ...
D ecem ber. 3,105,172 3,1 8 7 ,8 9 6 21,3 2 2 ,5 4 5 19,333,938
E r i e ...............
5 ,6 7 4
6,089
218,177
217 ,9 9 8
E v a n sv & Indian 3 d w k Feb.
26,015
938 ,7 9 2
949 ,8 6 6
28 .0 3 5
E v a n s v <fe T H . . 3 d w k Feb.
D
ecem
ber.
33.210
36,217
5,560
6,191
T a r m v <fe P ow h a t
207 ,3 9 4 1 8 2 ,1 3 4 1 ,142,568 1,0 7 8 ,6 9 7
F t W A D en v City D tcein b er.
184 ,8 8 0 1 7 7 ,5 1 0 1 ,203,524 1,1 1 8 ,4 5 0
G eorgia R R ......... J a n u a r y ..
1 1 1 ,4 6 4
110 ,3 0 6
7 2 4 ,4 9 7
743,538
G a S outh A F la .. J a n u a r y ..
216,411
29 ,9 7 4
31,035
221 ,6 0 6
G i l a V a l G A N .. J a n u a ry ..
G r T ru n k System 2d w k Feb. 4 6 9 ,0 7 3 4 7 6 ,0 3 5 1 8 ,452.395 1 7 ,734,206
62,799
67 ,4 9 5 2,622,141 2 ,522,183
G r T r (fe W est’n 1st w k Feb
16,785
1 2 ,4 2 4
6 6 8 ,1 4 0
7 3 9 ,5 1 0
D e t G r H <feM.. 1st w k F eb
G re a t N orth ’ n —
1
8
,776,192
13,957,278
8 t P M in n <fe M . J a n u a r y ... 2 ,178,996 1,549,422
203,213 3 ,333,129 2,4 7 7 ,7 6 6
227 ,9 5 2
E a et’ n o f M inn. J a n u a r y ...
128,192
175,314
9 8 5 ,7 3 4 1,2 5 3 ,1 7 4
M on ta n a C en t’ ] J a n u a r y ...
2 ,535,140 1,927,949 2 3 ,095,055 17,688,218
T o ta l sy stem . J a n u a ry
83,568 3 ,213,895 2 .981,163
6 6 ,8 7 4
H o ck in g V a lle y .. 2d w k Feb.
499,405
635,053 2,426,772 2 ,520,289
H o u s <fe T ex Cent N ov em b er
Illin o is C en tral. J a n u a r y ... 3 ,394,666 3,220,473 2 4 ,029,695 2 1 ,677,173
10,650
8,318
68,303
81,340
Illin o is S outhern J a n u a r y ...
147,090 108,943
400 ,3 9 2
562,796
In d 111 <fe I o w a ... O c t o o e r ...
3d
wk
F
eb
94,537
90 ,9 4 0 3,310,233 3,3 4 5 ,7 8 5
I n t (fe G t N orth ’ n
86 ,6 0 0 2,3 9 2 ,8 7 0 2,4 6 2 ,2 7 0
88,200
In te ro c (M e x )----- Wk F eb 8
53,245
3
d
w
k
F
eb
53 ,7 6 5 1,667,004 1 ,540,536
Io w a C e n t r a l....
J
a
n
u
a
r
y
...
4,712
7,125
46,731
31,198
Iron R a ilw a y ___
19 ,0 9 4
17,453
6 9 6 ,8 1 4
581.662
K an aw h a (fe M ich 3d wk F eb.
D
ecem
b
er.
479,517
427 ,8 4 3 2 ,631,253 2 ,2 7 4 ,8 6 0
Kan C ity S ou th ’ n
32 ,5 4 2
4 0 ,0 3 4
L ehigh & H udson J a n u a r y ...
223,261
263,468
J
anuary,
2
,076,613
2 ,204,642
L ehigh V al R R ..
J
a
n
u
a
r
y
,..
2,000,031
1,915,178
Leh v a l C oal C o.
2 8 .6 9 0
30 ,3 2 2
197,164
176,189
L ex ln g A E a st’ n . D ecem b er.
D
ecem
b
er.
In c. 26 ,915
Inc. 39 2,841
L on g is la n d
J
a
n
u
a
r
y
...
53,417
53,143
L ou H en <fc 8 t L . .
3 9 2 ,2 3 9
411,019
594,415 5 7 4 ,8 3 0 19,595,582 18,048,228
L ou lsv <fe N ash v. 3d w k F eb
12.023
11,614
M acon <fe B irm . J a n u a ry ...
66,981
76 ,4 8 3
23 ,7 2 0
23,362
M auls <fe N o E ast N ov em b e r
J a n u a r y ...
M a n istiq u e .
9.167
7,381
45 ,9 1 5
43 ,7 9 6
19,432
M arylan d <fe Penn D ecem ber.
18,741
[M ex ican Central 3d wk Feb, 354 ,3 3 4 349,687 11,333,657 10,731,693
M e x ica n In tern ’l D ecem ber.
547,038 4 7 4 ,8 3 2 3 ,030,687 2 ,7 0 6 ,9 5 2
^M exican N at’ l . . 3 d w k Feb. 158,786 140,466 4,8 1 9 ,3 6 9 4,7 1 9 ,3 6 1
Wk F eb 8
[M ex ica n R y
97 ,1 0 0
81,800 2,7 0 7 ,1 0 0 2 ,617,000
M exican S oalh 'n 1st w k Feb
17,150
15,926
500,833
406 ,4 3 8

ROADS

Week
or Month

Current
Year

Previous
Year

Ju ly 1 to Latest Date
Current
Year

Previous
Year

$
$
$
3,848
4,307
M illen (fe So’ w ’ n .. D ecem ber.
315,525
302,735
41,395
42,247
M ineral R a n g e .. Decem ber.
66,158 2,271,942 2,105,628
55,828
M inneap (fe S t L . 3 d w k Feb.
92,851
78 ,6 8 5 4,04 0 ,7 6 8 2,83 0 ,8 7 0
M St P & 8 St M. 3d w k Feb.
308,095 3 0 2 ,267 11,083,102 10,220,632
Mo K an & T ex a s 3 d w k F eb
530 .0 0 0 6 0 9 .000 2 3 ,695,104 21,584,189
Mo P a c & Iron Mr 3d w k F ob
872,593
830,700
17,000
14,000
C entral B ranch 3d w k F eb
544 .0 0 0 626.000 24,596,610 22,426,870
T o ta l................ 3d wk F eb
86 ,8 7 4
101,072
3,100
3,475
M ob J a ck (fe K C. W kFeb. 15
599,300 3,690,700 3 ,7 2 5 ,9 7 6
567 ,9 0 0
M obile & O h io .. c J a n u a ry ...
571,892
6 0 3 ,210
115,389
102,408
M ont & M ex G ull N ovem ber
7 0 0 ,1 3 3 7 0 0 ,109 4,616,164 4,560,385
Nash Ch <fc St La. i a n u a r y ...
94,238
96,916
9,121
8,480
N e v -C a l-O re ....... 1anuary*. 12,488
4,184
4,808
13,899
N evada C en tra l.. O c t o b e r ...
N Y C & H u d Riv J a n u a r y ... 5,401,017 5,182,978 43,265,705 39,647,301
N Y O nt <fe W est. J a n u a r y ... 4 6 6 ,4 9 8 483,020 3,55 8 ,7 2 2 3,034,102
258,662 1,453,737 1,16 2 ,1 3 0
205 ,1 2 5
N Y Susq & West D ecem ber.
305,083 304,025 11,044,460 10,443,508
N orfolk & W est’ ll 3 d w k F eb.
643 ,0 4 0 7 5 6 ,8 4 0 4 ,3 1 6 ,2 5 4 4 ,0 4 5 ,5 5 4
Northern Central D ecem ber.
4 9 3 ,660 26,450,459 20,982,917
590,561
N orth’ n P a c ific .d 1st w k F eb
3 8 5 ,0 0 4 389,615 2,770,121 2,818,101
P a cific C oast C o. D ecem ber.
P e n n —E a stP & E . D ecem ber. 7 ,7 2 1 ,6 0 4 7,81 6 ,9 0 4 48,383,901 44,754,601
i?ic.4 ,4 55,900
In c. 27 8,600
W est P & E ___ D ecem ber.
170,417 136,037 6,115,415 5,501,166
Pere M a r q u e tte .. 3 d w k F eb.
516,283 3,80 4 ,9 8 0 3,19 0 ,1 2 6
4 9 6 ,0 4 9
Phil a & E r ie ........ D ecem ber.
953 ,8 0 3 996,603 6,07 4 ,3 3 8 5,934,938
P hila W i l m & B .. D ecem b er.
14,678
18,609
3,806
3 238
P in e Blf.<te A rk .R . D ecem b er.
Pittsb C C & St L J a n u a r y ... 1J377.551 1,656,500 12,810,849 11,285,661
179,797 1,278,792 1.12 0 ,2 5 0
177,853
Pittsb & W e st’n. D ecem ber.
6 1 2 ,756
7 9 9 ,8 5 0
109 ,1 9 0
100,829
P ittsb Ci & T ol D ecem ber
271,631
238,944
30,873
18,741
P ittsb P a & F .. D ecem b er
93,306 2,572,971 2,266,701
1 0 3 ,7S ?
T o ta l s y s te m ... 4th w k Jan
Plant S ystem — 1
A la M id la n d .
B ru n s <fe W ’n. D ecem b er.
823 ,3 5 0 761,104 4,018,274 3 ,8 0 8 ,2 3 3
Chas & S a v ...
Sav F la & W .
S ilS O c & G ..,
R eadin g C o .—
P h il & R e a d ___ D ecem ber. 2 ,4 3 8 ,4 3 4 2,55 2 ,4 2 4 15,271,419 13,976,601
C o a l& Ir C o ___ D ecem b er. 2,4 8 3 ,8 5 7 3,096,053 15,305,238 1 3 ,9 2 2 ,3 9 7
T o t b o th C o’ s .. D ecem b er. 4 ,922,291 5,648,477 30,576,657 27,898,998
4 7 9 ,9 6 1 '
519,615
90,622
87 ,8 6 0
R ich F P k sb & P . D ecem ber.
2 7 4 ,422
275,160
52,229
53,093
R io G rande J e t .. N ovem ber
3 6 5 ,6 7 4
379,774
9,196
11.233
R io G rande S o ... 3 d w k F eb.
120,100 3,195,600 2 ,8 9 1 ,0 0 0
R io G r’d e W e s t .. 4th w k Jajx 427 ,9 0 0
1,132,818
R u tla n d ................ D ecem b er
8 1 7 ,675
108,034
835,819
89,179
S t J o s & G r I ....... J a n u a ry ...
5,267
4,718
St L a w re n & A d ir 3d w k Jan.
8 1 ,9 9 7
106,150
11.170
20,786
St L K en ’ et & S o . J a n u a r y ...
124,725
48 ,3 8 8
7,032
20,507
St L & N A r k ........ D ecem ber.
3 6 9 ,582 14,207,161 1 2 ,3 9 5 ,8 4 0
St L & San F ra n g 3 d w k F eb . 421 ,1 7 9
1 3 6 ,3 1 4 145,332 4 ,8 «5 ,8 0 8 4 ,9 9 5 ,1 2 2
St L S o u th w e s t.. 3 d w k F eb
162,244 1,257,686 1,16 7 ,9 9 6
173,822
S t L V a n & T H . . J a n u a r y ...
223,526 268,999 1,407,858 1,47 5 ,2 2 6
San A n t & A P . . . D ecem ber.
631,541
704,279
62,946
75 ,6 5 9
San F ran & N P .. J a n u a r y ...
San P ed ro L o s A n ­
9,418
18,000
geles & Salt L, N ov em b er
419,379
4 4 8 ,936
19,568
19.743
S F e Pres (fe P h ... 2d w k D e c
Sav F la & W e s t.. D ecem b er /8 2 3 ,3 5 u /7 6 1 ,1 0 4 M ,0 1 8 ,2 7 4 #*3,808,233
S eaboard A ir L .. 2d w k F eb 227 ,6 8 9 231,443 7,03 2 ,7 3 8 6,667,123
165,295
159,926
23,740
23,886
So C & G a E x t . . . J a n u a r y ...
51,387
3,416
46,879
4,628
So H a v e n & E ast. J a n u a r y ...
227,468
3 6 5 ,170
34,837
47.797
S outhern I n d ___ J a n u a r y ...
104,393
121,259
15,783
22,283
So M iss & A rk . . . D ece m b e r.
So P a cific Co 6 ... D ecem b er. 7,3 5 6 ,4 0 3 6,71 8 ,6 1 4 4 3 ,6 7 8 ,1 3 ” 38 ,8 4 9 ,4 0 8
Cent P a c ific___ N ov em b er 1,724,443 1,627,697 9,400,035 8,87 6 ,4 6 1
612,433 3,112,731 2,74 7 ,8 9 1
698,041
G al H a r & S A . N o v e m b e r
53,223
44,501
G a l H ou s (fe No N ovem ber
17,694
51,037
13,773
59,581
G u lf W : T. & P . O c t o b e r ...
87,302
3 4 4 ,3 6 7
102 ,1 2 6
402,278
H o u s.E . & W .T. N ovem ber
7 4 ,8 2 8
19,043
24,256
96,538
H ous. & Shrev. N ovem b er
499 ,4 0 5
635,053 2,426,772 2,520,289
H ou s <feTex Cen N ov em b er
6 6 0 ,952
782,793
176,757 1 4 6 ,200
L ou is’ a W e s t ... N o v e m b e r
8 5 4 ,2 2 0 823,591 3.641.938 3,27 9 ,2 8 2
M org a n ’ s L & T N ov em b er
29,110
119,807
168,165
36,369
N Y T & M e x .. N ovem b er
257 ,6 5 0 226,946 1,239,345 1,044,383
T e x <fe N O r l .. . . N ov em b er
So P a c o f Cal .. N ovem b er 1,808,872 1,512,246 9,103,203 7,78 4 ,1 3 9
442,661
358,059 1,830,783 1,504,469
So P a c o f A r iz . N ovem b er
181,862 1.064.938
240,001
808,861
So P a c o f N M . N ov em b er
S outhern R a llw ’ y 3 d w k F eb. 7 3 0 ,3 2 8 7 3 6 ,685 24,443,239 2 3 ,3 98,481
148,685 124.365 1,003,194
T erre H & In d .. J a n u a ry ...
9 5 1 ,296
43 ,6 8 2
42,973
T erre H & P e o r . J a n u a ry ...
324,359
3 4 5 ,842
10.743
468,079
4 2 6 ,6 3 4
10,409
T e x a s C e n t r a l. . 2d w k F eb
T e x a s & P a cific. 3d w k F eb 216 ,3 7 5 231.366 7,85 5 ,2 5 2 7*415,620
T e x S V (feN W .. J a n u a r y ...
85,500
12,500
99 ,3 0 0
12,000
42,412 1,845,019 1,63 1 ,4 9 0
4.5,722
T o l (fe Ohio C ent 3 d w k Feb.
20 ,1 8 4
T o l P & W e s t . .. 3d w k Feb.
7 6 5 ,4 4 8
21,781
7 5 9 ,2 0
T o l St L <fe W ___ 3d w k F eb
52.170 1,664,723 1,514,458
4 8 ,5 5 6
7 ,0 8 2
T o r H am & B u f f. 2d w k F eb.
2 4 2 ,6 8 4
3 0 5 ,490
6,971
Union P a c R R . 1
O reg R R <fe N > D ecem b er. 3,8 9 6 ,2 2 6 3,G22,475 25,445,085 23,533,467
O reg Sh L i n e .)
W a b a s h ................. 3 d w k F eb. 3 5 9 ,3 2 3 326,304 12,613,598 11,570,454
W J ersey & Sea'e D ecem ber. 2 1 3 ,0 7 4 214,374 2,186,006 2,089,306
W V Cen <fe P i t t .. Septem ber 102,167
280,546
309,588
95,338
W heel (fe I B ....... J a n u a r y ...
235,021 2,055,888 1,782,267
267 ,2 8 3
0,629
W ich ita V a lle y ... D ecem ber.
7,648
W iscon sin C e n t.. 3d w k Feb.
101,000
91,073 3,787,063 3,414,355
W rlghtsv & T ’ n .. D ecem ber.
89,826
15,823
14,116
75,069
Y a zo o (fe M iss V .. J a n u a r y ...
6 0 9 ,6 3 9 646,101 4,020,727 3,83 2 ,8 2 3

' C ov ers resu lts on lin es d ire ctly op era ted ea st o f P ittsb u rg .
* F ig u res fro m D e ce m b e r 1 a re fo r th e ra ilroa d o n ly . \ M e x ica n cu rre n cy ,
a In clu d es Paducah & M em ph is D iv isio n fr o m J u ly 1 in b oth years.
b In clu d e s the H ou sto n <fe T e x a s C entral and its su b sid iary lines. E a rn in g s of the C ro m w e ll S team sh ip L in e, n o t p r e v io u s ly re p o r te d , are
now also In clu ded.
c R esu lts on M on tg om ery D iv isio n a re Included in both years.
^ In c lu d e s Bt. P a u l cfe D uluth lo r noth years.
c In clu d es resu lts on Bher. Blirov. (fe S ou th ern, M o. M idland and Ban A n to n io ex te n sio n fo r th is year, b u t nob fo r la st year.
/ T h ese Ugores
are the results on the A la. M idland, B ru n sw ick (fe W estern , C harleston (fe S avann ah , S a va n n a h F la. (fe W e st’ n and S llv o r S p rin gs O oala (fe G u lf.
a / heso figures in clu d e, besid es th e St. L ouis <fe Jam F ra n cisco p r o p e r , ohe K an. C ity Fc. S c o tt cfe M em .sy stem and F t.W ortn & R io G ra n d e.

|V ol ,

THE OHKONICLE

472

----- C r o s s E a r n i n g s . ——. — E e t E a r n t n g t . —-,

T o t a ls f o r E ia ca i Y ear.
Latent Cross E a r n m g n .
Period.

Roads.

Atlanta A Charlotte Atr Line.
B ellefonte C entral...................
B urlington Cedar Rap. A No.
Central o f New Jersey..........
Chicago A North-W estern__
Chicago Rook Island A Pae.
Ohio. fit. P. Minn. A Omaha.
Choctaw Oklahom a a G ulf.
I 'tunberland V alley— ...........
East St. Louis A Caroudelet
Ft. Worth A D enver C ity.......
International A Gt. North’u.
Lehigh Valley RR ____ _____
Lehigh Valiev C o a l.......... —
Manistee A North Eastern ..
Manis tlqu e.................................
M exican C entral......................
M exican International..........
M exican N ational...................
M exican R ailw ay.......... .
M exican Southern...................
Missouri Paoltlo.-............ . . . .
Central B ranch.....................
T o ta l.....................................
M onterey A M exican G u lf....
Northern C entral-...................
Pennsylvania, East o f P. A E,
W est o f P. A E ............ ........
Pere M arquette.........................
Philadelphia A E rie................
Phlla. w llm ’g ’n A Baltim ore.
Pitts. Clnoln. Ohio. A 8t. L . ..
R io Grande J o n o tlo n ..............
St. L. Vandalia A Terre H ....
South H aven A E astern.........
South. Missouri A Arkansas..
Terre H aute A Indianapolis..
Terre H aute A P eoria............
Texas A P a cific........................
West Jersey A Seashore........

Anr.
Jan.
Jan.
Jan.
June
Apr.
Jan.
Nov.
Jan.
Jan.
Jan.
Jan.
Deo.
Deo.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Apr.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Nov.
Jan.
Deo.
Nov.
Jan.
Jan.
Nov.
Nov.
Jan.
Jan.

l to
1 to
1 to
l to
l to
l to
l to
l to
l to
l to
l to
l to
1 to
l to
i to
1 to
l to
l to
l to
1 to
l to
l to
l to
1 to
1 to
1 to
l to
l 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

Nov.
Jan.
Jan.
Nov.
J an.
Deo.
Jan.
Feb.
Nov.
Jan.
Deo.
Feh.
Jan.
Jan.
Nov.
Jan.
Feb.
Dec.
Feb.
Feb.
Feb.
Feb.
Feb.
Fob.
Nov.
Doo.
Deo.
Dec.
Feb.
Dec.
Deo.
Jan.
Nov.
Jan.
Jan.
Deo.
Jan.
Ian.
Feb.
Deo.

so
31
31
30
31
81
31
15
30
31
31
21
31
31
30
31
21
31
21
8
7
21
21
21
30
31
31
31
21
31
31
31
30
31
31
31
31
31
21
31

Current
Year.

P reviout
Year.

$
1,890.309
4,916
447,640
15 573,724
32,149,628
22,540,01 1
956,360
1,706,869
1,014,874
15,053
2,163 400
679,169
4 014,130
4.041,693
313,339
9.107
2,700,470
5,960,824
1,112,936
545 000
729 338
4.377,164
109.700
4,486,864
1,278,109
8,207,048
93,214,012
Ino. 5,4
1,177,907
6,789,697
1,944,302
1.877,551
575,350
514,754
4,628
226,735
419,850
141,211
1.683,484
3,678,658

$
1,721.868
3,971
426,007
13,927,525
29,321,453
19,804,753
773.396
1,338 579
941,460
12,895
1,807,090
722,231
4,411,082
3,940,464
301,428
7,381
2.487,791
6,378,977
1,021,429
488,000
700,324
4,541,189
149,593
4,690,782
1,269,594
7,845,648
85,575,912
31,700
1,048,899
5,824,635
1,901,062
1,656,500
558,679
480,389
3,416
185.542
391.341
140,015
1,713,471
3,490,458

Latest dross Earnings by Weeks.—In the table which
follows we sum up separately the earnings for the latest
week. The table covers the third week of February and
shows 2‘91 per cent increase in the aggregate over the same
week last year.
3d week o f F ebruary.
A nn A rbor .........................
Buffalo R och. A Plttsb’ g.
Canadian P a d h o ..............
Central o f G e o r g ia ____
C hattanooga Southern...
OhfisapftaTcfl fa Ohio ___
Chicago Great Western
Chle. Indlau’lls A Loulsv.
Cliio. Term. T ransfer___
Gin. N. O. A T exas P a c..
Clev. Cin.Cbio. A St. L ..
Peoria A E astern ____
Colorado A Southern.. .
Denver A Rio Grande .
Evansv. & Indianapolis.
Evansv. A Terre Haute.
Int. & Great N orthern ..
Iow a C entral.....................
Kanawha A M ich iga n ...
L ouisville A N ashville..
M exican Central......... .....
Mft'xioan National* _____
Minn, A St. T.oilis___ ...
Minn. 8t. P„ A S- Ste. W ..
Mo. Kansas A T e x a s ___
Mo. Pacific A Iron M L ...
Central Branch .. . „
N orfolk A W estern . . . .
Por« M arquette............ .
Rio Grande Southern___
St. Louis A San F ra n ___
St. Louis Southwestern..
Southern R ailw ay
T exas A Paoiflo
T oledo A Ohio C entral..
Toledo Peoria A W est’n .
Tol. St. L. A West _____
Wabash
W isconsin Central..........
T otal (S9 roads)...........
Net increase (2-91 p. o.).

In crea se.

1902.

1901.

$
34,348
93,023
592,000
157,250
1.551
325,178
136.287
73.552
32,205
95,671
316,139
41,674
110,000
186.400
6,089
26,015
94,537
53,245
19,094
594,415
354,334
158.786
55,828
92,851
308,095
530,000
14,000
305,083
170,417
11,233
421,179
136,314
730,328
216,375
45,722
20,184
48,556
359,323
101,000

$
29,686
100,827
499.000
166.150
1.843
281,548
133,404
68,457
26.833
92,610
319,608
52,574
107,634
188,600
5,674
28,035
90,940
53,765
17,453
574,330
349,687
140,466
66,158
78,685
302,267
609,000
17,000
304,025
136,037
9,196
369,582
145,332
736,685
231,366
42,412
21,781
52,170
326,304
91,073

$
4,662
. . . . .. ..
93,000

7,068,281

6,868,697

363,596
199,584

mmm _
43,63(
2,883
5,095
5.372
3,061
2,366

D ecrease.

$
7,804
292
............
.... ...
3.469
10,900
2,200

415
3,597
1,641
19,585
4,647
18,320
14,166
5,828
...* ___
1.058
34,380
2,037
51,597

3,310

2,020
___ _
520

10,330
79,000
3,000

...._
9,018
6,357
14,991
1,597

3,614
33,019
9,927
164,012

For thesecond week of February our final statement covers
52 roads, and shows 2*59 per cent increase in the aggregate
over the same week last year.
2d week o f F ebruary.
P reviou sly rep’ d (46r’ ds)
Chattanooga Southern...
Chon. Okla. A. G u lf,..,
Duluth So. Shore A A tl..
Seaboard Air Line _____
T exas Central...................
T oronto Ham. A Buffalo.
T otal (52 roads)............
N et inorease (2-59 p. o.l.

1902.

1901.

LXXIV

In crea se.

$
7,494,892
1,869
98,717
42,776
227,689
10,743
7,082

$
7,311,510
1,384
83,506
38,990
231,443
10,409
6,971

$
403,206
485
15,211
3,786

7,883,768

7,684,213

423,133
199,555

D ecrea se.
9

219,824

3,754

384
111
223,578

C u rren t
Y ear.

H oa d *.

$
230,374
1,484,302
4,878,152
35,754,400
478,514
3,839,166
69,736
502,822
7,197
54,847
594,966
3,726,711
619,153
4,631,090
458,589
3,215,650
184,880
1,203,524
114,405
747,637
31,035

Alabam a (it. Bn'th.aJuu.
July 1 to Jan. 3 i . . .
(t o h .T .A S . Fm b. Jan.
July 1 to Jan. 31 ..
Butt. B . A P I tt b s .b . Jan.
July 1 to Jan, 3 1 . . .
Bndalo A S'sgueh.aJuu.
July 1 to Jan. 31. .
Ohattan’ ga S outh.aJan.
July 1 to Jan. 3 1 .. ..
Ohio. A East. 111.b..Jan.
July 1 to Jan. 31 . . .
('h ie. Gt. W est’ u .b .J a n .
July 1 to Jan 3 1 . . . .
O lr. N. O. A T . P.n.Jan.
July 1 to Jan. 3 1 .. ..
G eorg ia .a ..................Jan.
July 1 to Jan. 8 1 .. ..
la South. A F la.a.Jan .
July 1 to Jan. 3 1 . . . .
B U aV al.G lobeA N o. Jan.
Lake Sh. A M ich. S o .b —
O o t 1 to Deo. 3 1 ___ 7,787,435
Jan. 1 to Deo. 31 .. 29,272.674
L ehighV al. B R .a ..J a n .
2,076,613
Dee. 1 to Jan. 8 1 . . . . 4,014,013
Lehigh V.C oal C o.a. Jan. 2,000,031
Dec. 1 to Jan. 3 1 . . . . 4,041,692
» on .H en . A B t.L .b..D eo.
54,175
July 1 to Dee. 3 1 . . . .
357,702
M aryland & P en n ..D eo.
19,432
N ev.-Cal.-O regon.a. Jan.
8,480
July 1 to Jan. 3 1 .. ..
96,916
w. Y. O nt. A W est.aJan.
466,498
July 1 to Jan. 3 1 .. .. 8,358,722
P itts. 0 . 0 . A 8 t .L ... Jan. 1,877,551
Southern R a ilw ’ y.aJan . 3,259,470
July 1 to Jan. 31 . . 22,254,135
T exas C e n tr a l.a ___Deo.
67,289
July 1 to Deo. 8 1 . . . .
354,430
U lster A D elaw are—
Oct. 1 to Deo. 3 1 . . . .
135,958
July 1 to Deo. 3 1 . . . .
639,251
Wabash, b ..................Jan. 1,660,209
July 1 to Jan. 3 1 ....1 1 ,5 9 7 ,8 2 9
Wheel. A L. E r ie ....J a n .
267,283
July 1 to Jan. 3 1 .. .. 2,055,888
W lsoonsin Central b Jan.
453,362
July 1 to Jan. 3 1 .. .. 3,504,563

P r ev io u s
Y ea r.

$
206,011
1,303,877
4,416,836
31,363,453
403,736
3,399,274
58,479
425,410
7,188
69,968
523,039
3,377,691
531,733
4,136,270
410,732
2.878,284
177,510
1,118,450
111,464
724,497
29,974

P r ev io u t
Y ear.

jD
$
02,501
67,144
440,736
4 0 /,3 4 9
11,990,204 ♦1.749,102
(15462905 (12700434
201,062
182,458
1,724,943 1,416,974
20,215
29,486
190,999
229,377
def. 1,617 def.1,294
d ef.24,613 def.18,411
287,702
245,014
1,720,980 1,425,127
133,085
150,835
1,347,098 1,302,466
100,389
111,995
754,869
833,185
*74,633
‘ 66,677
‘ 891,184
*429,913
31,229
30,127
207,182
211,543
17,033
17,308

7,105,144 1,689,833 1,864,943
26,466,514 9,770,363 9,867,853
130,042
376,133
2,204,641
235,385
820,630
4,411,082
1,915,177
9,777 def.13,697
3,940,463 def. 1,461 def.50,641
10,851
19,797
58,483
99,893
113,145
339,096
2,902
5,805
18,741
1,934
1,816
9,121
36,218
37,955
94,238
98,522
158,222
483,020
963,451
8,034,102 1,052,678
473,484
576,210
1,656,500
879,100
904,978
3,084,187
21,204,237 7,020,028 6,839,358
40,290
57,845
87,391
175,663
210,924
376,463
132,066
566,159
1,518,685
10,622,499
235,021
1,782,267
410,808
3,155,229

34,776
33,232
179,990
182,376
507,181
425,793
3,577,015 3.092,676
65,192
59,058
584,944
581,078
128,540
137,050
1,256,715 1,137,365

a Net earnings here g iv e n are a ft e r d ed u ctin g ta x e s .
Wet earnings here g iv en a re b e fo re d ed u ctin g t a x e s .
‘ A fter allow ing fo r other in com e received, net Incom e in January,
was $132,716, against $124,025. From Ju ly 1 to Jan uary 31 net,
after allow ing fo r oth er in com e received , w as $815,193, against
$746,737.
t F or January, 1902, ta x es and rentals am ounted to $188,528,
against $168,902, a fter deducting w hich net fo r Jan u ary, 1902,
was $1,801,736, against $1,580,860. From Ju ly 1 to January 31,
1902, taxes and rentals am ountea to $1,134,370, against $1,172,502,
after deduotlng whioh n et w as $14,328,535, against $11,587,932.

Interest Charges and Surplus.
- I n t . , r e n t a l s , e tc . ---- - >—B a t . o f N e t E a m ’ t . —.
O u rren t
P r e v io u t
P r ev io u t
O urrent
Y ear.
Y ear.
Y ear.
Y ea r .

v
9
*
9
H oads
*123,158
*166,221
132,312
132,724
Ohio. A E. Illin ois.. Jan.
*647,134
*928,022
917,777
921,411
July 1 to Jan. 3 1 ___
Lake 8h. & M ich, 8 o.—
Oct. l to Deo. 3 1 ___ 1,096,732 1,057,687 *1,099,594 *1.145,520
Jan. 1 to Deo. 3 1 ___ 3,944,529 3,959,045 ‘ 7,155,124 *6,658,430
2,250
def. 894
def. 31^
2,210
N ev.-C al.-O regon. . . Jan.
15,750
22,365
20,468
15,590
July 1 to Jan. 3 1 ___
301,956
267,785
171,528
# 308,425
P itts. C. C. A St. L . Jan.
U lster & D elaw are—
48,693
S8.662 *def.8,397 *def.5,121
Oct. 1 to Dee. 31 —
145,861
140,432 *def.6,871 * d f.ll,3 0 9
W isconsin Central. Jan.
986,627
949,365
*285,142 *197,188
July 1 to Jan. 31 —
» A fter a llow in g fo r oth er Incom e rece iv e d .

Philadelphia Company.}
Results noxo include the Pittsburg Railu-ays Co., operating
the Consolidated Traction and all the other railroad p rop ­
erties controlled in Pittsburg.
--------January.
1901.
1902.
$
$
1,061,552
1,218,953
Gross earn in gs..............................................................1,218,953
557,536
O perating expenses and ta x e s................................. 587,514
N et earnings from o p e r a t io n .............................
Other Incom e...............................................................

631,439
220,667
220.667

504,016
IS ,417

T otal earn’ gs & other in c o m e ..............................
Deductions from inoom e *......

852,106
852.106
79,818

522,433
40,915

T otal Inoom e.............................................................

772,288
772,2«8

481,518

Interest on funded d e b t...........................................
Dividends on preferred sto ck .................................

309,864
134,254
134,25*

164,970
99,167

444,118

264,137

828.170

217,881

Net inoom e o f c o m p a n y ........................................
Proportion to others than Philadelphia C o ...

Net Earnings Monthly to Latest Dates.—The table follow­
ing shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of Feb. 22,
1902, The next will appear in the issue of March 2 2, 1902,

C u rren t
Y ear,

Phil. Co.’ s Interest In n et Incom e.................... —

6*2

2,584

S27.528
327.526

314,797

* These deductions include the follow in g Item s: Rentals o f leased
com panies, Interest, on current liabilities and tenem ent expenses.
1 Includes C onsolidated Gas Co. o f Pittsburg. Allegheny id Co .
Allegheny County Light d o ., Chartter* Valley Gas Co . I ntou Gas
Oo. of M cK eesport, E quitable Gas Co., Pittsburg Railway s Co

THE CHRONICLE

March 1, 1902.]

STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from whioh we are able to ob
tain weekly or monthly returns.
ST R E E T R A IL W A Y S A N D T R A C T IO N C O M P A N IE S.

GROSS
E arnings .

A lto n Ry. Gas & Eleo.
A m erican K’y s .C o .).
Bingham ton R R .......
B r’k lyn R ap.T r. C o ..
Chicago & Mil. E leo..
City Eleo. (Rom e.G a.)
<Clev.Chagrin F’ s E l’ o
C leveland & Eastern.
C leveland E lectric ..
Oleve. E ly & W e s t...
Oleve. P alnsv. & E ...
Dart. A W ’p ortS t.R y .
D enver C ity T ra m ....
D etroit U n ited..........
Rapid R a ilw a y.......
Total,
Dnluth-Snp. Tract. )
Dulnth bt. R y ___ s
E lgin A u rora <fc Sou
G alveston C ity .........
H arrisburg T raotlon.
In tern at’l T ra ction —
(B u ffalo)...................
Lehigh T raotlon .......
L ondon St. R y.(C an.)
Mad. (Wis.) Traotlon
Mass. Eleo. C o.’ s .......
M ontreal 8treet Ry
M uscatine St. R v ___
New Castle Traotlon
New L ond on St. R y ..
N orthern Ohio T ra ct.
Olean St. R y ---------O ran ge Co. T raction .
P hiladelphia Co. 1 )
OoDsol.Tr. (Pitts.) '
United Tr (P itts .))
Potrtsv’ e U n ion Trac.
R ailw ays Co. G en.—
Roads .......................
L ight C o’ s ................
R ichm ond T ra otlon ..
Sacram ento E lectric
Gas A R y ................
8t. Louis T ran sit___
SohuylM ll T ra ction .
Scranton R a ilw a y ..
S ioux C ity T ra ct.......
Southern Ohio T ract.
T acorn a R y. & P ow er
Toledo R ys. & L igh t.
T oronto R y ..................
Tw in City R ap. Tran
Union (N. B ed ford )..
U nited T raotlon — )
A lb a n y C ity 5
United T ract. (Prov.)

L a test G ross E a r n in g s .
O u r’ n t
Week o r Mo T ea r.

P rev’ us
T ea r.

J an. 1 to L a test D a le.
C u r r e n t P rev io u *
T ear.
T ea r.

s
$
$
D ecem ber. 12?567 * 12,293
78,752
62 746
J a n u a ry ... 78,7av 62.746
15.169
13,307
Ja n u a ry ... 15,169 13,367
978,026
12497284
119y6110
D ecem ber. 1.035,625
8,232
1
0
,9
5
1
10,954
8,232
J a n u a ry ...
3,380
3,362
3,362
J a n u a ry ...
3,380
45,152
4,227
43,670
N ovem ber
4,306
82,916
5,591
57,722
N ovem ber
7,753
188,082
166.732
J a n u a ry ... 198,082 166,732
18.760
15,183
J a n u a ry ... 18.760 15,183
10,201
8,674
8,674
J a n u a ry ... 10,201
7,941
7,941
6,964
6,964
J a n u a ry ...
119,702
108,412
J a n u a ry ... 119,702 108,412
303,858
260,903
1st wli Feb 54.959 47,098
3,958
27,066
25,352
1st wk Feb
4,439
330,924
1st wk Feb 59,398 51,056
286,255
36,236
J a n u a ry ... 36,236 31,963
81,963
29,075 26,599
26,599
Jan uary.
29,075
D ecem ber. 10,508
31,947
J a n u a ry ... 31,947 26,018
26,018
Decem ber. 263.242 246,774 4,538,601 2,697,872
9,489
9,489
10,199
J a n u a ry ... 10,199
9 256
9,256
10,118
J a n u a ry ... 10,118
5,260
5.266
J a n u a ry ...
D ecem ber. 424 027 418,031 5,855,230 5,585,174
155,030
J a n u a ry ... 155,030 143 385
143.385
09,176
6,518
73,43
D ecem ber.
7,654
N ovem ber
7,149
119,556
115,080
9,474
61,845
4,031
D ecem ber.
69,138
4 673
48,287
January.
45,631
48.287 45,631
4,428
51,416
D ecem ber.
54,267
4,638
5,803
5,803
J a n u a ry ...
6,236
6,236
J a n u a ry ... 1,318,953 1,061,562 1,218,953 1,061,552
J a n u a ry ...

12,214

10,939

J a n u a ry ...
J a n u a ry ...
Septem ber

16,456
2,073
20,991

13,064
1,848
20,727

J a n u a ry ...
J anuary.
D ecem ber.
O c t o b e r ...
J a n u a ry ...
J a n u a ry ...
Decem ber.
Decem ber.
D eoem ber.
J a n u a ry ...
J a n u a ry ...
la n u a ry ...
J a n u a r y ..

33,605
460,685
10,356
12,638
16,572
23,915
32,524
126,878
145,398
272,158
23,117
118,383
208,000

12,214

10,939

13,064
16,456
2,073
1,848
169,748 ' 156.909

32,105
32,105
33,605
435,933
435,933 460,685
115,676
10,187
140,097
508,189
504,850
48,780
14,683
16,572
14,683
19,854
19,854
23,915
294,132
378 921
28,947
111,847 1,311,084 1,182,516
127,096 1,636,861 1,484,597
236.274
236 274
272,15-J
18,714
18,714
23,117
106,742
106,742
118,383
190,549
190,549
208,000

473
ANNUAL

Annual Reports.—

The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors’ and Street R a i l w a y S upplements.
This index does not include reports in to-day’s C hronicle .
R a il r o

ads

Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings received
this week.
G rots E a r n in g * . ----- -,------ N et E a rn in g * . ----C u rren t
T ear.
R oad s.

Brooklyn Heights—
Oct. 1 to Dec. 31___
July 1 to Dee. 31—
Lond.8t.R y. (Can.).. Jan.
Metropolitan St. R y .b —
Oct. 1 to Dee. 3 1 ___
July 1 to Dec. 31—
Montreal St. R y ___Jan.
Oct. 1 to Jan. 31___
Sacramento E lectric Gas
& Railway Co— Jan.
Feb. 1 to Jan. 31___
Third Ave. (N. Y.) b —
Oct. 1 to Dec. 31___
July 1 to Dec. 31—

P r ev io u *
T ear.

C u rren t
T ea r.

P r ev io u *
T ear.
9

$

$

$

2,791,145
5,844,946
10,118

2,833,681
5,935,595
9,256

835,794
1,958,598
3,039

1,111,302
2,489,480
2,655

3,734,400 3,635,940 2,010,428
7,330,945 7,081,309 4,043,713
54,491
143,385
155,030
598,915
246,353
634,199

1,936.291
3,826,024
48,569
225,293

33,605
419,783

32,105
376,970

17,171
224,516

16,772
203,573

583,368
1,182,774

551,735
1,118,518

187,837
463,605

224,227
490,267

Interest Charges and Surplus.—The fo llo w in g S t r e e i
railways, in addition to their gross and net earnings given in
the foregoing, also report oharges for interest, &o., with the
srorplus or deficit above or below those charges.
-Int.,rental*, etc. . r-Bal. of Net Earn•*.•
R oad s.
B rook lyn BelghtaOct. 1 to Dec. 3 1 . .
J aly 1 to Dec. 3 1 . .
L ond on Street K y. ..Jan,
M etrop olitan St. R y .—
Get. 1 to D ec. 3 1 ___
Ju ly 1 to D ec. 3 1 —
M ontreal Bt. R y . .. .Jan.
Oct. 1 to Jan. 3 1 . . . .
S acram ento E lectric Gas
A R ailw ay Co....... Jan.
Feb. 1 to Jan. 3 1 ___

C urren t
Tear.
$

P rev iou s
T ear.
$

C u rren t
T ear.
$

P rev io u >
Tear.
%

1,065,523
..
2,134,108
..
2,249

1,152,087 * d f.l5 5 9 6 7
2,310,682
*9,314
2,037
790

1,151,140
2,299,864
15,094
59,630

1,138,467
*992,824
*947,914
2,267,452 *2,031,135 *1,872,199
9,021
89,397
39,548
37,039
180,723
188,254

9,723
113,541

8,896
107,185

* After allowing for other lnootne received.

7,448
110,975

*33,826
*347,112
618

Railroads , Kto.—(Con.)— P a n e .
2U3 Knickerbocker Ice Co. of Chicago. 376
2fl5 Lehigh Valley............................ 203
37.5 Monongabela River Consolidated
Coal & Coke............................. 206
823
National Biscuit........................ 426
425
883 National Lead.....................
824 Niles-Bement-Pond Co............. 325
323 Pere Marquette RR ..................... 322
203 People’s Gas Light & Coke....... 370
2tio Pittsburg Coal........................... 370
2(15 Quincy Mining........................... 370
324 Republic Don A Steel............... 825
32t Pressed Steel Car..................... . .. 203
325 U. S. Steel Corporation........... 206, 272
325
Street R a ilw a y s —
P age.
125 Milwaukee Electric Ry. & Light... 425

Pane.

, K t o .—

American I)!hi. ToL Co. of N. Y....
Amerlcun Hide & Leather............
American Strnwboard .................
Ateb. Top. & Santa Fe (0 mos.).. .
Halt. & Ohio (appllc. to list P.. L.
10. Sl W. Va. System ref. bonds)..
Cambria Steel (.2)4 mos.)...............
Chicago Peoria & St. Louis .........
Choctaw Oklahama A Unit...........
Consolidated Gas Co. of N. Y ......
Delaware & Hudson.......................
Diamond Matcb..........................
Distilling Co. of America..............
Electric Co. of America................
General Chemical .......................
Gulf & Shtp Island (bal. sheet of
Oct. 81, 1901)...............................

Northern Central Railway.
( Report fo r the year ending Dec. 81, 1901.)

On pages 483 and 484 will be found the report of President
Below we compare the results for 1901 with
those of several years previous:
A. J. Cassatt.

OPERATIONS AND FISCAL REBULTS.
R oad o p e ra te d .........

1901.
381

1000.
381

1899.
380

O p era tio n s—

Pass, carried, N o . ..
4 ,6 2 8 ,0 3 3
4,321,459
4,102,828
Pass, oarrled 1 m ile. 68,25 0 .5 7 7 59,520,774 57,962,651
R ate p. pass, p.m ile. 2-181 cts.
2*189 cts. 2 1 1 0 ots.
F r’ t (tons) c a r r ie d .. 16,154,552 17,032,280 17,235,927
F r’ t (tons) one m ile . 1076723828 1095295388 1132468350
R ate p. ton p. m ile .
0 583 ote.
0-550 cts. 0-482 Cts.
T rain load (io n s )___ 405-23
397-78
385 03
$2-18967
Earns, p. fr ’ t t r ’ n m .. $2-36188
$1-85582
Earns, p. pass. tF n m $0-99299
$0-98176
$0-91974
Gross earns, p er m ..
$21,695
$ 20,588
$19,060
E xrn m gs—
$
$
$
P assen gers................
1 ,4 8 8 ,5 5 4
1,302,796
1,223,164
6,275,671
6,029,322
F re ig h t.......................
5,457,650
M ail, ex p . & m lse ...
5 02,733
5 13,294
552,603
Gross ea rn in g s........

1898.
380
3,826,779
58,618,976
2-047 ots.
14,932,483
994,571,171
0-491 ots.
176-22
$1-84842
$0-90807
$17,559
$
1,199,815
4,886,455
577,758

8,266,958

7 ,845,412

7,233,417

6,664,028

T ra n sp orta tion ........
M aint. o f e q u ip .......
M aint. o f w a y , & c ..
G e n e r a l.....................

3 ,140,939
1,367,247
1,116,691
130,112

3 ,0 15,600
1,321,593
1,033,776
1 26,569

2,975,750
1,280,745
904,938
121,461

2,792,026
1,016,647
884,448
118,122

T otal op er. e x p .
P. o. o f e x . to earns.
N et ea rn in g s............

5,754,989
(69-61)
2,511,969

5,497,538
(70-07)
2 ,347,874

5,282,894
(7 3 0 3 )
1,950,523

4,811,243
(72-20)
1 ,8 5 2 ,7 8 5

E xpen ses—

INCOME ACCOUNT.
N et earn in gs.............
Other re ce ip ts .........

1901.
$
2,511,969
594,306

1900.
$
2 ,347,874
632,194

1899.
$
1,950,523
533,108

1898.
$
1,852,785
504,154

T ota l in c o m e ...

3,106,275

2,980,068

2,483,631

2,356,939

R eceip ts—

D is b u r s e m e n ts —

* Earnings fo r D ecem ber, 1900, Include an unu su al Item o f $1 ,5 9 1
w h ich does n o t appear in 1901.
♦T hese are results for p rop erties ow ned.
i Strike o f em p loyes In O ctober. 1901.
1 R esults n ow Include th e P ittsb u rg R a ilw a y C o., o p e ra tin g th e Con
aolldated T raotlon and all the oth er co n tro lle d p ro p ertie s In P ittsb u rg '

REPORTS.

464,912
R ent l ’ sed lines, &o.
In terest on d e b i t ..
530,187
D ivid en d s.................. (8) 916,980
T a x e s ..........................
83,179
M isce lla n e o u s.........
9,978
T ransferred to extraordinary fund.
1,101,039
T ot. disburse’ ts.
B alance, s u r p lu s ...

3,106,275

535,618
480,844
480,078
651,116
775,420
796,574
(7) 684,033 (7) 526,267 (7) 526,267
65,9 0=3
88,796
75,708
*4 06,978
77,583
84,720
613,527

300,000

200,000

2,980,068

2,235,830
247,801

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

t Inoludes oar trusts. * O f this $397,926 is “ ex tra ord in a ry e x p e n d i­
tures n ot p rop erly ch argeable to ca p ita l a coou n t.”

BALANCE SHEET DEC. 31.
1901.
1900.
1899.
1898.
jA.8Scts~~
$
$
^
C ost o f road, equ ip., & o ..20,976,470 20,977,243 21,422,659 21,152,247
B onds & stocks o w n e d .. 4,777,723 4,581,683 2,467,209 2,469,895
M aterials and su p p lie s..
230,562
205,334
141,274
155,702
Due from agents, co n ­
n ectin g roads, & o.........
721,551
769,732 1,283,538 1,751,081
G ash...............
758,049
349,590
825,711
457,939
455,841
D ep recia tion fu n d ...........
455,841
430,411
407,296
M orts. and grou nd ren ts
9,752
9,752
9,752
9,752
T otal assets.................27,929,948 27,349,175 26,580,555 26,403,913
L ia b ilities—
C apital sto o k ...................... 11,462,300 11.462,400 7,518,150 7,5 1 8 ,1 5 0
B onds (see I n v . S upp .).. 9,402,000 9,578,000 13,473,000 1 3,629,000
M orts. and grou nd ren ts
112,386
112,386
832,007
349,049
In t. & rentals a c c r u e d ...
349,763
2 6 7 ,7 4 «
332,136
336,506
V ouch ers and p a y -ro lls..
634,495
584,418
658,610
515,370
D iv id e n d s ...............
458,490
458,490
300,724
300,724
E x tra ’y e x p e n d ’e fu n d .. 1,355,050
613,526
D ep reciation fu n d ...........
476,944
456,573
431,163
4 0 7 ,2 9 4
D u e other com p an ies,eto
332,957
470,032 1,045,083
855,891
P rofit and lo ss.................... 3,345,562 3 ,345,603 2,464,732 2,492,429
T otal lia b ilitie s........ 27,929,948 27,349,175 26,580,555 2 6,403,913
—Y . 74, p. 428.

Central Railroad of New Jersey.

( Advance Statement for the year ending Dec. 31, 1901.J
1901.
G ross ea rn in gs..............................$ 15,286,709
O peratin g e x p e n se s.....................
8,465,247
Net earn in gs.

7,876
96,388
- V . 74, p. 93.

. $6,82 1 ,462
.. 1,903,125

1900.
In crea se.
$ 1 3,975,646 $1,311,062
7,878,346
586,901
$ 6 ,0 9 7 ,3 0 0
1,757,702

$724,161
145,424

$7,855,002
$8,72 4,587
.. $ 5 ,501,104
$5,235,639
(5) 1,570,516 (5) 1,855,616

$869,585
$205,465
214,901

$1,263,748

$389,219

. $1,652,967

174

[You LXXIV,

THE CHRONICLE
Bulat ware Lack aw aim a & W estern lilt.

( Report for the year ending December St, 1901,)
President W illiam H. Truesdale Bays in substance:
Earning a. —The year 1901 will pass iuto history as one o f
the moat satisfactory, if not the banner year, for the anthra­
cite coal interests o f this country. The figures show that
the company enjoyed its full share o f the business and
prosperity with which this particular interest was favored,
The tonnage mined, purchased and handled was much greater
than in any previous year in the history o f the company.
The slight decrease in the rate pf r ton per mile earned on
coal (from 9 20 mills to 8'fll mills) was chiefly due to a rela­
tively greater increase in the tonnage o f the smaller or steam
sizes of coal, on which a lower rate is charged to certain mar­
kets where same is sold in competition with bituminous
coals. The small increase in earnings on merchandise freight,
as also the decrease in the rate per ton mile, is misleading.
During the past year $100,267 paid to sundry lighterage
companies for transporting freight between the company’s
terminal at Hoboken and various stations, warehouses and
points of delivery in New York Harbor was charged to m er­
chant! ise freight earnings, these payments having previously
been charged to transportation expenses, station service
account. The increase in passenger earnings was in great
part due to the Pan American Exposition held at Buffalo
between May and Novem ber, $380,000 resulting from this
cause alone.
Concerning these adjustments the report states:
As the lighterage concerns are other transportation companies, the
same as other railway companies, parts of lines handling through
traffic, it was decided that these payments for lighterage service
should be treated as they ordinarily are between such connecting
lines of railway. Had this change in accounting not been made, It
will be seen that the gross earnings on merchandise freight would
have shown an increase of about 7 per cent, and the rate per ton
mile would also have been higher than In the previous year.
The sum of $14.7,057 was during the past year charged against pas­
senger earnings, which under the previous practice had been charged
to transportation expenses, being the amount paid the Hoboken
Ferry Oo. for transporting the passengers of the company between
Hoboken and Ne w York. This change in accounting was made for
the same reason as that affecting the lighterage payments, the effect
being to show a much less increase in gross passenger earnings than
was actually the ease, and also to show a decrease in the rate earned
per paseenger per mile, although this was due In part to tb.e large
excursion travel to the Pan-American Exposition at low rates.

Operating Expenses,—Under the heading o f maintenance
of way and structures is included the cost o f various renew­
als, improvements and additions o f an unusual character to
the company’s property, aggregating the sum o f $1,228,954. Also included therein is the cost of 8,690 tons o f
80-lb. steel rails and fastenings laid during the year, a de­
crease as compared with 1900 of 6,770 tons. Also there was
laid during the year 582,884 cross-ties, or 88,902 more than
in 1900. In addition to the item o f $259,846 84 for repairs to
bridges, there was expended and charged to renewal account
the sum o f $1 ,007,255, paid during the year for new steel
bridges erected at different points to take the place o f old
ones which were light and unsafe. Daring the past two
years 25,770 tons of new steel bridges have been constructed,
aggregating in length o f double track 2*3 miles, and costing
about $2,022,000. In order to bring all the bridges on the
main line up to the standard o f the requirements o f the busi­
ness of the ccmpany, it will be necessary to purchase and
construct about 20,000 tons more o f steel bridges, the cost of
which, with the masonry to be rebuilt, will be between $1,500,CG0 and $2,000,000, which can be distributed over the next 3
or 4 years. Those bridges that were the most urgently in
need of renewal on account o f their weakness have all
been rebuilt during the past tw o years, including four o f the
most expensive and important bridges on the line—draw­
bridges over the Hackensack and Passaic Rivers.
The decrease in expense o f maintenance o f equipment was
in large part due to the change made in the accounts o f the
company whereby all expenditures for new engines and
cars were charged to “ renewal account” during the year,
while in 1900 they were largely charged to operating ex­
penses, repairs and renewals o f locom otives or cars. In part,
however, this was due to a strike in several of the principal
locom otive and car repair shops, which was begun early in
May and continued until the latter part o f July, During
the strike, however, the expense o f repairs o f equipment
was much reduced and has affected the results appreciably.
Coal Department.—The results of the operation o f the
coal department during the past year are very satisfactory.
There has been a large and steady demand for coal through­
out the year from all parts o f the country where the coal
mined by the company is marketed, and in consequence the
mining, shipment and sale of coal has been more evenly dis­
tributed throughout the year than ever before in the history
of the trade. Tire mining operations of the company have
been carried on successfully with but slight interruption
from accidents or casualties o f any kind, and the physical
condition o f the mining properties and collieries not only
fully maintained, but in many respects substantially im ­
proved. The aggregate cost of improvements was $321,853 21. The marketing o f anthracite coal during the
year by the different large interests has been conducted with
exceptional good judgm ent and in the most harmonious
spirit. To this is due the excellent results obtained dur­
ing the year in the handling ol’ this great and growing in­
dustry. The present outlook is favorable to an indefinite
continuance of these favorable conditions. There has re­
cently developed more or less talk or threats o f strikes being

declared by the miners during the coming spring if the
anthracite companies will not concede certain demands of
some o f the professional labor agitators. It should not be
possible with the miners and other employes in the anthra­
cite distiicts earning as much m oneyas they are and have
been throughout the past year to precipitate such a calamity
ou this body o f prosperous contented workmen for as little
reason or cause hb they are urging. The company during
the year paid its various mine employes $1,412,000 or 80 per
cent more than during the year previous.
Financial.—On July 1st last there matured the Morris &
Essex Company’s issue o f $120,000 5 per cent Sussex purchase
bonds, and on October 1st that company’s issue o f $4,991,000
7 per cent general mortgage bonds. These bonds were paid
at maturity, and to reimburse this company for their pay­
ment and for advances made by it for construction and im ­
provements on the Morris &> Essex Company’s lines, there
were issued and sold during the year $5,750,000 o f the latter
com pany’s issue o f 100-year 8 ^ per cent gold refunding
bonds. As a result o f these transactions the rental hereafter
payable by this company under its lease o f the Morris &
Essex Railroad has been substantially reduced, N o im port­
ant issue of bonds of any o f the lines leased will mature
during 1902. The financial condition o f the company is
strong. It is in position to carry on the improvements it'has
planned for the comiDg year and purchase the additional
rolling stock it has contracted for, without incurring in­
creased obligations of any kind, excepting such as will be
provided from current operations,
Renewal Account.—'T he management decided early last
year to set apart from the earnings of each month and credit
to renewal and betterment account a certain sum, w hich
shall aggregate at the close of the year a sum approximately
sufficient to cover the extraordinary expenditures o f the year
for new steel bridges, new engines and cars. This plan was
follow ed, and, as shown in the report in detail, the expendi­
tures for these purchases amounted to $2,523,127 06, which
was charged against the income of the year.
General Remarks.—To sum up the operations o f the com­
pany for the year, it is felt by the management that they
will prove highly satisfactory to its stockholders and assure
them anew of the strength and value o f their property. The
future looks promising, and eo far as we can judge from
present prospects, the business o f the com ing year bids fair
to at least equal that o f the last one, and, with no general
failure o f crops or unlooked for calamities, should exceed it.
It is the policy and purpose o f the management to make
liberal expenditures fo r the improvement o f the physical
condition o f the property, and for the provision o f modern,
up-to-date equipment and facilities o f every kind, with the
view of being able to serve its patrons promptly and ef­
ficiently at a cost per unit o f traffic as low as that of any
other railroad. Likewise, by similar liberal and judicious
expenditures on the coal-mining properties of the company,
to put them in condition to mine its full share o f the anthra­
cite coal marketed each year, at a cost that shall be as low
as that o f any other anthracite mining interest. The work
of changing the line o f the Morris & Essex R R . through the
city of Newark will be undertaken during the coming year.
A contract for this was recently closed with the authorities
o f that city w hich involves heavy w ork and large expense,
but when completed w ill result in the abolishment o f all
grade crossings o f streets in that city. W hen accomplished
the existing heavy grades over w hich the large suburban
passenger business is handled will be greatly reduced, the
cost of watching and maintaining over 20 grade crossings
w ill be entirely wiped out and the great and constant risk of
accidents on these crossings be entirely eliminated. The
city of Newark has agre ed to contribute liberally towards
the cost o f the improvement and the company’s share thereof,
while large, is one that w ill yield large returns.
Income Account.—The income account, balance sheet and
statistics o f operations follow :
OPERATIONS.

1901.
948

1900.
1899.
1898.
Roadoper’dDee.31.
947
900
900
Coal Traffic—
Tons (gross) carried. 7.398,057 6,091,133 6,731,353
6,643,402
Tons carried 1 mile. 1206817509 928,174,664 994,815,755 932,074.585
Rate per ton per m.. '891 cts.
-920 ots. ’946 cts,
1*162 ots.
Merchandise Traffic—
Tons (net) carried.. 6,500,653 6,390,742
5,877,154 5,532,436
Tons carried 1 mile.976,239,851 956,945.711 920,503,533 893.630,730
Rate per ton per m.. *683 ots.
*696 cts. *679 Cts.
*683 ots.

JPClSSCflffCf*

Passengers carried. 15,025,996 14,428,880 12,969,893 11,818,318
Pass, carried lnaile.320,636,013 282,446,842 260,274.836 233,641,749
Rate per pass.perm. 1*410 ots.
1*482 ots. 1*518 ots,
1*500 cts,
EARNINGS, EXPENSES AND CHARGES,

1901.
Ear nings from—
$
G oa l.......... ......... - -- 10,749,344
Misoellan’s freight..,. 6,668,689
Passengers,............. . 4,522,383
Mail, express & miso . 1,567,218

1900.
$
8,535,324
6,660,186
4,186,232
1,506,021

1899,
$
9,407,796
6,800,149
3,961.051
1,666,126

1898.
$
9,902,660
0,105,655
3,501,708
2,658.316

Total............... . 23,507,684 20,887,763 21,325,122 22,168,345
Expenses—
1,881,131
3,081,204
Maint. of way, &e..... 3,304,253
1.896,631
Maint. of equipment. 2,454,237
2,776,826
2,654,760 2,341,645
6,870,534 8,895.083
Conduct, tranporta’n 7,474,433
7,569,491
309,039
379,250
326,621
329,014
General............ .
835,721
836,80*
869,137
Taxes...........— ..... . 778,289
Total......... ............14,386,418 14,(522,279 12,571,210
8,753,912
Net e a rn in gs.......... 9,122,216 6,206,484

14,2 78,552
',88$ 0

THE

M a r c h 1, 1002. J
1900.
1901.
$
$
Add—
1 0 4,650
116,612
Int. on lnvestiuents.
,
3
1
2,380
226.604
D lvld en d s on stooks
1 ,200,082
Coal dep’ rtm ’t earn s * 1,6 38 ,6 4 3
Prem ium on sto ck s1
169,400
and bonds s o ld -----M lecel.—Interest, dls
98 ,17 4
55 ,51 3
count, exoli., & o ----11,202,248
D educt—
214,363
In terest on b o n d s ___
Rentals leased linos 5 ,173,491
A d v ’ e to leased line :j| 119,184
A ooounts charged off.
Rentals N. Y . term ’ s. * 142,028
R en ew als & b e t’m ’ ts,. 2,623,127
. 1,834,000
.1 0 ,00 6 ,1 9 3
. 1,1 96 ,0 5 4

CHKONICLK

1899.
1898.
$
$
1 0 4 ,6 5 0
2 7 0,730
1 9 5 ,7 7 7
209,360
9 0 4,173 d f .l ,726,093
2 3 2,142

2 7 3,849

44,612

d f.1 5 1,8 0 7

8 ,1 07 ,5 0 9

1 0 ,23 5 ,2 6 6

6 ,7 6 5 ,8 3 2

2 1 4,690
5 ,1 5 0 ,3 2 2
12,265

2 1 4,690
5,1 77 ,3 0 0
1479,222
( 9 2 2,882

2 1 4 ,6 9 0
5,191,549

1,8 34 ,0 0 0
7,211,277
896,232

N o t e .—Sin ce the clone o f th e y ea r 1,386 sharea o f s to ck h av e been
purchased and retired, so that th e oapltal stock n ow stands a t $34,507,100.

1,8 34 ,0 0 0

1,834,000

8,6 28 ,0 9 4
1,6 07 ,1 7 2

7 ,275,567
d f.5 0 9 ,7 3 5

T h e total ou tp u t o f coa l, th e a m ou n t p ro d u ced by y o u r
com p a n y and the a m ou n t tran sported fo r others w ere;

CONDENSED GEN ERAL BALANCE SHEET DEC, 31.

1900.
$

17,322,333
8,114,201
7,749,341
3,696,935
2,345,010
4 1 3 ,3 3 0
454,861
1,384,098
890,533
1,141,554
3,468,846
9.767
619,941
2,546,408
119,926

1899.
$
17,323,008
8,114,201
7,657,329
2,756,787
2,236,563
1,304,849
4 5 7,230
1,419,002
2,464,568
991,424
3,108,081
93,160
450,637
2,039,018
113,842

T o ta l................................................51 ,62 1 ,5 1 3 5 0 ,27 7 ,0 8 4 5 0 ,529,701
Liabilities —
Capital s to ck .........................................26 ,20 0 ,0 0 0 2 6 ,200,000 2 6 ,200,000
3 ,0 67 ,0 0 0
3,0 67 ,0 0 0
C onsol, m ortga ge bonds o f 1 9 0 7 .. 3 ,067,000
1,612,779
1,604,338
R en tals accru ed , n o t du e................. 1,523,598
71,563
In terest aocrued, n o t d u e . . . ,........
71,377
71,563
124,312
122,349
Past-one divs., int. and r e n ta ls ....
1 3 1,167
458,502
D. L. & W. div. pa ya b le in J a n .. . .
4 5 8 ,5 0 0
4 5 8 ,5 0 0
997,412
A u dited v o u ch e r s ............................... 1 ,6 4 0 ,4 3 4
1 ,384,187
991,773
1,272,241
A u dited p a y -ro lls ..........................
962,703
436,308
511,260
4 2 7,578
A ccru e d ta xes, n o t d u e....................
62,074
62,074
M ortgages on rea l esta te .................
62 ,07 4
240,047
Sundry a c c o u n t s .................................
357,455
767,229
R eserve fo r im p ro v e m e n ts...............................
P ro fit and loss, surplus.................... 1 6 ,71 9 ,6 2 7 15 ,52 3 ,5 7 2 15,500,703
T o ta l...........
—Y . 74, p. 326.

51 ,62 1 ,5 1 3

o f ou tstan din g car trust certifica tes o f 1899 am on g the lia b ili­
ties ; $150,000 o f these certificates an nu ally m ature and are
paid o ff and ca n celed and 66% per ce n t o f the valu e o f the
equipm ent w h ich they represent is ch a rg e d d irect to op er­
a tin g expenses.
“ On J u ly 1, 1902, the sin k in g fu n d p rovid ed fo r the retire
rnent o f the A lb a n y C ity loan w ill have extingu ish ed all in ­
debtedness on that a ccou n t, and th ereafter the stock o f th o
A lb a n y & Susquehanna R a ilro a d C o. w ill b e en titled to
sem i-annual d ividen d s at the rate o f 9 p er ce n t per annum .
T he first d iv id en d o f 4 % per cen t w ill b e paid Jan. 1, 1903.”

35,328

♦ E a rn in gs o f th e co a l dep a rtm en t In 1901, $27,1 1 8 ,2 1 4 ; exp enses,
$25,4.79,571; net. $ 1 ,6 3 8 ,6 4 3 ; In 1900, earn ings. $ 2 2 ,2 6 1 ,8 8 7 ; e x ­
pen ses, $ 2 1 ,0 6 1 ,8 0 5 ; net, $ 1 ,2 1 0 ,0 8 2 ; In 1899, earn ings, $ 2 3 ,1 3 6 ,8 6 3 ;
exp enses, $ 2 2 ,2 3 2 ,6 9 1 , n et, $ 9 0 4 ,1 7 3 .
1901.
A ssets—
$
C ost o f r o a d .......................................... 1 7 ,330,794
Cost o f e q u ip m e n t............................. 8,114,201
7,255.032
O ther perm anen t In vestm en ts—
Stocks In tr e a s u ry ............................. 4,662,383
B on ds In tre a su ry ............................... 2,728,5 30
4 2 6 ,5 7 0
A d v a n ce s to leased ro a d s ...............
454,861
A d v a n ces to co n tro lle d r o a d s ... .
A d v a n ce s on co a l to b e delivered. 1 ,315,424
C oal on h a n d ........................................ 1,642,573
M aterial, fu el and o th e r supplies. 1,2 43 ,5 3 0
C a s h . . . ,..............................................- 3,193,500
3,745
B ills re ce iv a b le ...................................
5 8 3,360
Due fro m agen ts, con d u ctors, etc.
Coal bills & sundry accou n ts d u e. 2,5 56 ,5 7 9
110,429
Suspense a o co u n t...................... ........

475

50 ,27 7 ,0 8 4

50,529,701

Tons (000’s o m it t e d ).
1901. 1900. 1899.
189°. 1897.
1898. 1895.
T o t a l o n t p u t ......................................50,568 45,107 47,605 41,900 41,838 43,177 46,61:
P r o d u c e d b y D . & H ........................ 5,055 4,017 4.183
3,934 3,9l>6
4,223 4,348
C arried f o r o th e r co m p a n ie s ....... 2,516 2.211 2,24(5
1.679 1,081
1,613 1,803
T o ta l to n s c a rr ie d ...................... 7,571 6,228

6,613

5,647

1901.
O perations—
Passenger e oarrled ea rn in g r e v e n u e .............
5,7 03 ,6 3 5
N um ber o f passengers oarrled on e m ile ......... 9 5 .8 3 5 .0 5 1
A vera ge receip ts per passenger per m ile ___
$0 02255
Passenger earn ings per 1rain m ile....................
$ 1-02770
T on s carried o f fre ig h t ea rn in g re v e n u e ........ 13,057,958
T on s o f fr( ig h t ca rried on e m ile .................... 1274,611,441
$0-00755
$2-68156
355-36
A v era g e num ber o f ton s o f fre ig h t in tra in .
G ross earnings per m ile o f r o a d ......................
$ 1 8 ,4 2 9
E q u ip m en t—
L o co m o tiv e s ..........................................................
Passenger c a r s .......................................................
F reigh t ca rs................................. ............................
C om pany c a r s . . . . ..................................................
E arnings Coal D epartm ent —
lo a l sales at m iDes...............................
“
“
“ railroad departm ents.
I n t e r e s t ...................... .................
V a lu e o f co a l added to stock .
M iscella n eou s p r o fit..................
In terest on in v e s t m e n t s ......

5,838 6,161

346
406
13,295
13,913

1000.
4 ,9 5 2 ,0 6 7
8 7 ,0 6 4 ,8 9 4
$ 0 0 2 3 05
$ 0 -9 6 5 4 2
12,204,307
$0-00789
$ 2 -5 0 6 8 9
31758
$ 1 7 ,2 7 2
332
40 0
13,030
13,638

.
$118,193
828,035
. 1 5 ,390,825
4,6 24
583,255
57,932
335,906

$ 9 0 ,0 9 6
719,699
11 ,52 4 ,0 4 6
2,780

$ 1 7 ,3 1 8 ,7 7 0

$ 1 2 ,8 3 7 ,4 6 0

. $ 7 ,7 2 3 ,3 0 6
. 6,884,019
9 1 0,300

$5 ,60 4 ,2 4 1
5 ,6 93 ,9 1 5
8 6 5 ,8 1 0

.$16,5 1 7 ,6 2 5
. $ 1 ,8 0 1 ,1 4 5

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

. $ 3 ,7 6 2 ,5 0 3
. 4 ,5 39 ,5 7 2
. 2,7 28 ,4 0 1
. 1,1 48 ,2 0 7

$ 3 ,3 9 6 ,6 6 1
4 ,2 51 ,2 2 6
2 ,6 5 6 .3 2 0
1 ,1 80 ,9 3 0

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

$ 1 1 ,4 8 5 ,1 8 7

. $ 1 ,5 9 0 ,8 3 0
2,194,695
. 1,9 04 ,5 5 6
6 8 7,000

$ 1 ,4 4 6 ,4 6 0
2 ,0 35 ,9 8 3
1,8 26 ,9 3 1
7 2 0 ,0 4 4

. $6 ,37 7 ,0 8 1
. $ 5 ,8 0 1 ,6 0 2
2,9 98 ,6 7 2

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

, $ 2 ,8 0 2 ,9 3 0
3 1,801,146

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

. $4 ,60 4 ,0 7 6

$ 3 ,1 8 7 ,3 9 0

-5 0 ,5 9 3

100,018
451,414

E xpenses Coal D ep a rtm en t—
G eneral, ta x es, h an dlin g, e tc .

E a rn in gs o f R a ilroa d s—

Delaware & Hudson Company.
CReport f o r the year ending Dec. 3 1 ,1901.J
P resident R . M. O lyp h an t says in su b s ta n c e ; T h e board
o f m anagers ca ll attention to the g re a tly en larged fo r m o f
the report, w h ereb y the con d ition s o f the com p a n y and the
changes w h ich have resulted fro m the operations o f the year
are set forth in m u ch grea ter d etail than h eretofore. T he
c o a l trade and the railroads have shared in the general p ros­
p erity o f the cou n try . T h e prop erty has been th orou gh ly
m aintained and all the co st th ereof and o f operations have
been ch arged to operating expenses. In addition thereto
and to the charges o f $1,233,369 fo r depreciation s and sinking
fu n d there h ave been ch arged to operating expenses $1,130,951 fo r betterm ents, m a k in g an aggregate o f $2,370,321
(show n in detail in the report). M any o f these betterm ents
are o f such a ch aracter th at th ey should brin g a bou t a low er
p ercen tage o f operating expenses fo r the year 1902.
“ In clu d ed in m iscellaneou s receipts fo r 1900 w ere $101,700 fo r prem ium on sale o f stock o f the P rov id en ce Gas &
W a ter Co. o f P rov id en ce, Pa., and $40,577 profit fro m the
insurance fo n d o f the com p an y. In 1901 th ere w ere n o such
credits, w h ich largely accou n ts fo r the decrease o f receipts
fro m this source.
“ T he cost o f coal in cludes all expense o f m inin g, p reparin g,
general repairs and m aintenance, and $574,552 expended fo r
co a l departm ent betterm ents. N o ch arge w as m ade to coa l
d epartm en t con stru ction d u rin g the year. T he expenses o f
the railroad departm ents include all cost o f op eratin g and
m aintenance and $488,354 fo r betterm ents.
“ T he n ew line, ch an ge o f grades, n ew tracks, e tc., betw een
East W in d sor and N ire v a h , ch a rged to railroad con stru c­
tion , have m ade possible a m aterial increase in the num ber
o f tons o f freig h t hauled per train and have greatly fa c ili­
tated the m ovem en t o f trains. A s this part o f the road is
h eavily burdened w ith traffic, the value o f this fea tu re can
readily be appreciated. The largely increased v olu m e o f
traffic du rin g the year 1901 o v e r 1900 was m oved w ith b u t a
sligh t increase in the co n d u ctin g transportation expenses.
T h e red u ction o f grades and curves and the in stallation o f
larger cars and engines o f greater hauling ca p a city are p r o ­
d u cin g very fav orable com p arative results. On M arch 1,
1901, the com p an y acquired th rou gh the H udson C oal Co.
co n trol o f additional coal property, the results fro m the
operation o f w h ich are v ery satisfactory after ch a rg in g
$125,687 against the earnings fo r a ccou n t o f a sin kin g fu n d
to m eet b oth principal and interest o f th e ob lig a tion s o f that
com p an y as they fall du e.”
T he equ ipm en t, both o f coal and railroad departm ents, is
alm ost entirely new . W e have in clu d ed in the assets $1,200,000 fo r railroad equipm ent, represented by an equal am ou n t

6,430

OPERATIONS AND FISCAL RESULTS.

Operating E xven ses o f R a ilroa d s—

N ew Y ork & C anada R R .

D ed uct—
D eprecia tion o f p la n t, eq u ip m en t, eto.
5 p er cen t sinking fu n d on co a l m in ed .

. $ 1 ,00 0 ,0 0 0
2 3 3 ,3 6 9
$ 1 ,233,369
. $3 ,37 0 ,7 0 7
$ 3 ,18 7 ,3 9 0
.(7 )2 ,4 2 6 ,0 7 4 (5) 1,'150,000

Surplus................................................................. .

$
9 4 4,6 3 3
$94

$ 1 ,4 3 7 ,3 9 0

CONDENSED BALANCE SHEET DEC. 3 1 .

A ssets—
R eal esta te.....................................
Unm ined c o a l..........................................................
♦Railroad c o n s tru ctio n ........................................
R a ilroa d e q u ip m en t...............................................
M arine eq u ip m en t...................................................
Goal departm ent equlp m ’ t, oars, m otors, &c.
M in’g p la n t - B reakers, w asheries, shops, &o.
C oal han dlin g and stora ge p la n ts ...................
Supplies on han d (c o s t)........................................
Shop inaohlnery, tools, & o ...................................
Coal on hand at agenoles (c o s t).........................
Stocks and bonds ow n ed .....................................
A dvan oes on unm ined o o a l.................................
C a sh .............................................................................
B ills and aoooun ts r e ce iv a b le ............................

1901.
$ 5 ,2 6 9 ,8 6 0
>2,089,649
1 4 ,955,186
7,194,651
1 7 3,809
699,713
2 ,6 88 ,6 3 4
305,875
1,507,958
457,661
9 6 5 ,3 0 3
t l , 4 1 9 ,3 0 0
7 8 6 .0 5 7
2 ,049,601
4 ,8 19 ,6 8 0

1900.
$ 5 ,2 6 3 ,7 9 0
1 2 ,036,683
14,428,669
5,7 72 ,5 2 3
3 0 8 ,9 1 7
5 4 5 ,7 5 9
2 ,8 8 8 ,6 3 4
4 4 4 ,8 1 2
1 ,6 78 ,4 0 0
4 2 6 ,6 0 3
3 8 2,047
1 ,427,959
7 8 3 ,7 8 6
2,514,177
3 ,9 8 5 ,8 2 2

T o t a l..................................................................... $ 5 5 ,2 8 2 ,9 3 9 $52,8 8 8 ,5 8 2
L ia b ilities—
Oapltal s t o c k .............................................................$ 3 4 ,6 4 5 ,7 0 0 $ 3 4 ,7 9 3 ,2 0 0
B on ds (see I n v e s to r s ,’ S u p p l e m e n t ) ...................................... 8,7 007,0
0 ,0 0 0
,5000
In terest, div iden ds, &c., due J a n u a ry 1.........
5 2 6,560
5 2 6 ,5 5 0
In terest, d iv id en d s and bonds u n cla im e d ....
133,841
102,333
Sinking fu n d to retire oa plta l s to o k .................
240,028
A ooou nts p a y a b le ...................................................
4,718,655
4 ,4 7 7 ,0 9 0
P rofit and lo s s ..........................................................
6,3 18 ,1 6 5
5 ,4 8 9 ,4 1 0
T otal

$ 5 5 ,2 8 2 ,9 3 9

$ 5 2 ,8 8 8 ,5 8 2

* In addition to p rop erty ow n ed d lreotly, in clu d es stook s o f N ew
Y ork & Canada RR. Co., C herry V a lley Sharon & A lb a n y RR. C o. and
th e Boh. and D uanesb. KK. 1 In olu d es A lb . & Sus. stock , $ 4 5 0,0 0 0 ;
R eus, & Bar. stock , $80 0,0 0 0 ; sundry stock s, $ 6 5 ,7 5 0 ; bonds, $10 3,5 5 0 ,
- V . 74, p. 265, 93.

THE CHRONICLE.

47(5
Chicago Junction Hallways

& Union Stock Sards Co.

( Report for year ending Dee. 21 , 1901,)

T h e r e p o r t sa v e in p a r t:
r » c figures straw total receipts o f alt classes o f live stock am ounting
to 15,tio7,16‘2 head, whose aggregate value was $283,955,239, an inoreaae ov er 1900 o f 1,034,847 tread and In value o f $20,540,516. Tire
ag grogaie o f anim als rooeired during tho year 1901 la tire largest on
record, surpassing the previous record year by 518,225 bead.
1!m m anagement o f tire properties (lave follow ed the usual course
pursued during recent years o f charging outlays for Im provem ents
and betterm ents,w hich have been unusually large this year, to op e ra t­
ing expenses. This policy accounts for the increase In operating e x ­
penses, absorbing, as It does, nearly all the increase in gross earnings.
The im provem ents have been more largely exten ded and diversified
chan usual. The work or repaying the yards w ith vitrified brick c o n ­
tinues, and, while about 56,600 sipiare yards o f this work had been
done last year, m ore than 150,ouu tupuare yards have been laid during
the past summer. The side-tracks and sw itching facilities o f the rail­
road division have been largely Increased, enabling the railw ay com ­
pany to handle with m uch m ore prom ptness the h eavy increase in the
business daring the year. The packing facilities o f tire yards have been
very largely increased by all those interested in the business.
Y our directors feel that events have fully justitied the wisdom o f
tire policy pursued try the com pany in retaining, so lar as p ossible, all
the packing interests at the Chicago yards aud in inducing the estab­
lishm ent or additional packing plants and the extension o f existing
plants This policy has rendered more and m ore stable the business
at the yards, has Increased a perm anent demand for liv e stock and
products, and is con stan tly d evelopin g the incidental sources o f rev eeaue.
L ive Slock R eceipts.-Y h et follow in g Is a com parative statem ent of
live stock and car receipts at the Chicago yards fo r eaoh o f the last
three y e a r s :
Cal. Yr.
Cattle.
Calves.
Hogs.
Sheep.
Horses. Oars.
1899 ...2 ,3 1 4 ,.r46 136,676
8,177,870 3,682,832
111,611 269,406
1 9 0 0 .. .. 2,729,046 186,310
8,109,064 3,548,885
99,0 to 277,205
1 9 0 1 .. ..3.031.3 9 6 181,824
8,290,494 4,044,095
109,353 291,741

The earniDgs, income account, balance sheet, etc,, follow:
EABNINGS OP PROPERTIES CONTROLLED.

1901.
1900.
1899.
1898.
$
$
$
$
..2 ,4 5 9 ,9 5 6 2,242,285 2,185,908 *2,479,081
.1,949,260 1,912,196 1,791,231 *1,252,481

Expen., int. and taxes

Net co m in g s —
Stock Y ards <Jo.......
R ailw ay C o m p a n y ....

,.4 ,4 0 1 ,2 1 6

4,154,481

3,977,139

3,731,542

.. 971,111
781,121
807,296
.1 ,312,253 1,288,354 1,127,099

955,589
752,565

..2 ,2 8 3 ,3 6 4

2,069,475

1,934,395

1,708,155

..1 ,4 8 0 ,8 4 4
.. 637,007

1,461,163
623,842

1,378,611
664,133

1.523,472
499,914

..2,117,851

2,085,005

2,042,744

INCOME ACCOUNT.

1900.

1899.

Bal. from previous y e a r .. 236,911
B iv . from U. S. Y . A T .C o .1 ,8 2 9 ,8 3 9
In terest............................ .
27,786

84,049
1,829,839
24,472

28,382
1,763,839
4,646

1898.
$
43,379
1,697,839
1,544

T ota l....................... 2,094,536
Paym ents—
■General expenses, e tc — .
62,608
I n t e r e s t ...........................
700,000
D iv id en d ...................... 910,000
D ep reciation ...............
55,000

1,938,360

1,796,867

1,742,761

73,845
627,603
910,000
90,000

66,768
646,050
910,000
90,000

64,756
649,625
910,000
90,000

T o ta l............................ ..1 ,7 2 7 ,6 0 8 1,701,448
S u rplu s.............. .
366,928
236,912

1,712,818

1,714,380
28,381

$

$

8 4 ,0 4 9

BALANCE SHEET DEC. 3 1 .
190 1 .
1900.
1901.
1900.
A
^
^
Liabilities—
$
Purchase account.22,744,194 22,744,494 Stock ( s e e I n v e s t ­
o r s ’ S U P P ’M ’ T .) .1 3 ,0 0 0 ,0 0 0 1 3,000,000
Other investments,
less depreciat’d.. 4,087,183 3,538,000 Bonds....................1 4 ,0 0 0 ,' 0 0 14,1 60 ,0 0 0
11,606
589
Cash at bankers... 1,298,384 1,775,628 Dividends unpaid.

Accrued Interest..
Surplus account...
D ivid ers declared
Inc. & exp. account

Total..............28,080,061 28,058,122
-Y . 74, p.154.

294,390
179,636
227,500
366.929

253,285
179,r38
227,500
236,912

Total ............. 28,080,081 28,058,123

A s s o c ia te d M e r c h a n ts ’ C o m p a n y .

( Report for period April IS, 1901, to Feb. 1, 1902, 9% mos.)
T h e r e p o r t f o r 9 ^ m o n t h s t o F e b . 1, 1902, s h o w s t h e f o l ­
lo w in g :
Net earn in gs......................... .................. ............... ......................... $701,221
D ividends on ls t p r e f. stock to Feb. 1, 1902..........................
180,623
do
2d pref. stock to Feb. 1, 1902............ ...............
237,500
T o t a l............ ........ ................................................................ .
B alance fo r com m on stock (equal to 7*15 p. c. p er an nu m ).
BALANCE SHEET FEB. 1, 1902.

The annual report for the year ending Dec. 81,1901, shows:
A m ount to the cred it o f coal account. $1,086,833; coa l on hand,
$5,892; interest received, $13,339; total, $1,105,564. Paid fo r freight,
mining, cilice, etc., $849,050; taxes, $ 9 ,l« 7 ; total. $858,217, leaving
a net profit o f $2*7,347, to w hich Is added the profit on sales of secu r­
ities am ounting to $6,326. m aking a total profit o f $253,673. D e ­
ducting from this the dividend o f 5hs per cent appropriated on the
preferred stock, am ounting to $103,653, leaves a surplus lor the year
o f $150,020 This surplus was distributed to the credit o f the fo llo w ­
ing accounts: Im provem ents and personal property, $9,230; royalty,
$130,000; profit and loss, $10,790.
The production o f the mines o f the com pany amounted to 415,304
tons, against 321,558 for 1900, an increase o f 93,740 tons. The out­
put o f the G eorge’s Greek Cum berland coa l region am ounted to 4,322,371 tons and o f the Elk Garden and U pper Potom ac coal region to
1,817,058 tons, m aking a total for the entire Cum berland region o f
6,139,329 tons, against 5,171,916 fo r 1900, an inorease o f 967,418 tons,
PROFITS AND DIVIDENDS.

1901.
Coal m ined (ton s)................................................... 415,304
Net p rofits...................................................................$253,672
D ividen ds........................................................ . . . . . . . 103,653
Surplus

$418,123
$283,098

A s s e ts —

Cash,,......................................... .........................................
$1,306,015
MeOreery Co. and 12,000 shares pref. stook o f A dam s C o.
3,000,000
P osner B r o s ............................................................
1,000,000
45,001 shares o f H. B. Glafiin C o . . . . . . . . . .....................
5,000,000
Contracts, leases, good w ill, &c., o f; eonstit. oom .’ s and o f
the A ssociated M erchants’ Oo. and 6,000 shares Adam s
Co. common, s to c k ...................................... ................. .
5,000,000
T o ta l............................................................................................ $15,306,015
L iabilities—
First preferred s t o c k ..........................
$5,000,000
Second preferred s t o c k ................. ............................................
5,000,000
Common s t o c k . .. ........ ..............................................
5,000,000
D iv. on 1st and 2d pref. stocks, Jan. 1 5 ,1 9 0 2 , to F eb. 1 . . .
22,917
Surplus.............................................
283,098
T otal........................ ...................................................................$15,306,015
T h e c o m p a n y h a s n o in d e b te d n e s s . T h e fir s t p r e fe r r e d
s t o c k is c o n v e r t ib l e a t a n y t i m e w h e n th e t r a n s fe r b o o k s a re
o p e n in t o s e c o n d p r e fe r r e d s t o c k o r in t o c o m m o n s t o c k .
P r e s id e n t J o h n C la flin c o n c lu d e s h is r e p o r t b y s a y in g :
•‘ T h e c o m p a n y ’s b u s in e s s a n d p r o fit s h a v e s t e a d ily im p r o v e d
a n d w e a r e c o n fid e n t t h a t it s p r o g r e s s iv e d e v e lo p m e n t w i l l
b e s a t is fa c t o r y t o th e s t o c k h o ld e r s ,” — Y . 74, p . 381, 328,

1900
321,558
$140,335
94,230
$46,105

.............. ...$ 1 5 0 ,0 1 9
BALANCE SHEET

31, 1901.
Assets •
L ia b ilitie s Real e sta te ......................$2,000,000 Common stook ....... .
$11,100
Im provem ents, e tc.......
85,075 P referred stock ............. 1,885,005
RR, secu rities............
234,125 Treasury stook ..............
103,895
G, Or. & Cum. R R . stock
105,000 A ccou n ts p ayable.........
14,341
Cash...................................
15,187 Real estate sales. .........
75,012
Dem and lo a n s...............
1 8 0 ,0 0 0 ' R oyalty accou n t............
505,000
Bills and acots. reoeiv.
74,500 Profit and loss................
54,926
Coal on h a n d ..................
5,392
dec.

T o ta l............................ $2,649,279 | T o ta l.............................. $2,649,279

National Carbon Company.
( Report for the year ending Jan. SI, 1902.J

The results for two years past compare as follows:
1901-2.
Net earnings............................................................... $586,812
D ividend on p referred stock (7 % )......................... $315,000
Additions and depreciation a cco u n t.................... 214,462
Charged o ff..........................
3,283

1900-1.
$508,739
$315,000
150,000
1,456

B alance to profit and loss aooon n t................ $54,068

$42,283

BALANCE SHEET FEB. 1.
1902.
1901.

2,023,386

* R ailroad operations com bined w ith those o f the Stock Y ards Com ­
pan y fo r first three m onths.
1901.

l x x iv .

Maryland Coal Company.

( R ep o rt fo r the year ending Dec, 31, 1901.)

Cross ea rn in g s—

[Y ol .

$

t

Assets—

1901.

1902.

Liabilities—

*

Preferred capital
Real estate plants,
machinery, e tc.. 9,200,000 9,283,82'
stock.................... 4,500,000 4,500,000
Merch., manufac.
Common c a p i t a l
S u u m ’n’factn r’d
41«,540 369,214
stock
............... 5,500,000 5,500,000
Tasti..........................
236,473 128,450 4th dividend on
preferred stock,
Cash at North. Tr.
payable Feb. 16..
78,750
78,750
C o.,C hlc..for4th
141,486
65,612
div. on pf. stock.
78,750
78,750 Accounts payable.
Profit and loss.accc.
Cash reserved for
betterments. &c..
65,266
........
to balance...........
183,635
78,368
Bills &aee’tsreeeiv. 354,842 382,610
Totals........ .
-V. 72, p. 479.

.10,352,870 10,222,750

Totals ...............10,852,870 10,228,750

San Francisco Gas & Electric Company.
( Statement for year ended Dec. 31, 1901.)

The report of President Bourn, showed, it is stated, for
1901: Sales of gas, 93,535,000 cubic feet, a gain of 10 per
cent; sales of electricity, 1,361,309 kilowatts, a gain of 12*9
per cent; bills rendered city for street etc., lighting, $225,131; pay-rolls, $462,718; number of shareholders Deo. 31,
1901, was 1,121, The balance sheet of Dec. 81, 1901, follows:
BALANCE SHEET DEC. 31, 1901.

Assets—
R eal estate and plant. $9,708,573
Pipes, lam ps, e t c ..___
4,365,381
Patents and licen ses..
150,000
Oil, coa l, e t c .......... .
119,138
Cash on h an d ...............
16,742
8undry assets .... .........
58,882
Supplies, tools, e tc ___
122,195
Due from consum ers.
119,196
Due from sales o f res­
idue, e t o . . . . . . ...........
28,967

Liabilities—
Capital s to o k .... . ....$ 1 2 ,9 9 4 ,2 8 5
Bonds, E. L. & P. Co.
(assum ed).
623.000
Interest on b o n d s...
7,415
7,605
Unpaid d iv id e n d s ...
33,150
P ay-roll d u e..............
Sundry c r e d it s ___
252,855
B ills p a y a b le ...........
315.000
43,512
D eposits on gas, eto
412,254
De pr e oi a’n & reserve

T o ta l........................ $14,689,075
- Y . 73, p. 1364.

T ota l........................ $14,689,075

Southern New England Telephone Co.
(Report fo r the year ending Dec. SI, 1901.)

The growth of the business appears from the following:
Dec. 31.
1901. 1900. 1899. 1898. 1897. 1896. 1895. 1894
S ta tio n s .......... 17,564 15,278 12,697 10,589 9,376 8,027 6,830 5,536
S u b scrib e rs....1 5 ,1 3 2 14,137 12,019 9,990 8,820 7,519 6,384 5,144
359
304
257
T o ll sta tio n s...
566
529
503 438404

Earnings, eto., have been as follows:
1901.
Gross ea rn in g s.. . . . . . . . $ 8 3 0 , SOI
Operat,, etc.,ex p en ses. 557,561
R entals, e to ..................
49,492
In terest........................ .
45,702

1900.
$739,39S
483,558
45,907
42,029

1899.
$689,005
447,878
42,605
S 5 .0 1 2

1898.
$644,003
414,011
50,535
26,929

B alan ce.................. .....$ 1 7 7 ,5 4 5
D ividends .. . . . . . . . . . . ( 6 ) 1 6 1 , 8 6 5

$167,899
(6 )l£ 0 ,6 6 l

$163,510
(6)150,660

$188,528
(6)150,660

.. $15,680

$17,238

$12,850

$ 1,868

S u rplu s.
Assets—

Franchise......... .

Construction.........
Supply dopartm’t .
Real estate...... .
Stocks and bonds..
R eserves................
a cot’s receivable..
Cash........................

BALANCE SHEET DEO. 81.
1900.
LUlbUiti'S—
1901.
1901.
1000.
$147,500 $147,600 Capital stock..... *2,700.000 $.8,611,000
73,540
Surplus.,..
..........
71,714
3,188,390
h,358,017
768,000
80,878 Bonded debt......................... 790,600
135,724
176,070
188,175
180,1-10 Reserves..............
188,t>17
52.360
18,950 Bills and accounts
148,808
p a y a b l e ........ .........
1120, 197
0,760
83,468
83.447
19,456

9,981

T ota l...... ........ $8,080,610 $3,601,077
-V . 74, p. .371, 150.

T o ta l............... $3,980,610 $3,001.0r

THE CHRONICLE

M a r c h 1, 1 9 0 2 .|

United States Leather Company.
(R e p o r t fo r the year ending Dec. 31,1 9 0 1 .)
The report o f the U nited States Leather C om pany fo r the
year 1901 furnishes little detailed in form a tion , con sistin g
m erely o f a statement o f the assets and liabilities, w h ich we
com pare as follow s:
BALANCE SHEET DEC. 3 1 .

1901.
1900.
Assets—
$
$
C ash ............................ 1,313,386
2,140,133
Due b y cu stom ers.. 5,870,048
4,841,287
Bills receiv ab le.......
58,520
47,495
D oubtful debts, v a l.
61,809
39,015
Other debtors............
251,224
133,864
H ides and lea th er.. 10,772,732
8,647,477
Bark at ta n n eries..
1,102,972
1,157,204
Sundries, personal
property, e to .........
277,278
161,425
Advances' to other
com panies.............. 11,875,143 13,725,399
D raw backs ..............
325,103
199,127
R ailroad m tg ...........
100,000
100,000
Tannery plants, eto.
7,101,114 7,005,872
Stock o f other c o ’ s..
35,678,193 35,446,232
Treasury sto o k .......
100,000
100,000
G ood w ill, e t o . . . . . . .
62,832,300 62,819,8*6
U n exp’d Insurance.
14,829
34,544

1899.

$

1898.
$

3,014,000
6,996,057
124,208
13,012
96,274
8,651,580
928,292

2,203,616
3,448,782
73,124
40,358
5 9 ,799
7,984,526
1,177,224

155,107

161,847

11,483,621 15,433,345
460,782
155,687
100,000
100,000
6,370,028 6,349,212
35,446,232 35,484,033
100,000
100,000
62,819,886 62,804,701
28,070
31,039

T o t a l...................137,724,652 136,598,960 136,787,149 135,607,292
Liabilities—
A corued int., e t c ___
58,440
57,600
63,390
56,670
Current a c c o u n ts ...
156,431
130,919
127,129
118,549
F or.exeli. n ot d u e ...
1,495,058 1,449,971
1,321,542 1,014,727
Bonds, less in treas,
5,280,000 5,2*0,000
5,280,000 5,280,000
Preferred stook ........ 62,282,300
62,269,800 62,269,800 62,254,600
Com mon sto ck ......... 62,882,300 62,869,800 62,869,800 62,854,600
M iscellaneous..........
109,244
.............
...........
202
Surplus....................... 5,460,880
4,540,870
4,855,487 4,027,944
T o t a l....................137,724,652 130,598,960 136,787,149 135,607,292
- V . 72, p. 436.
.

GENERAL INVESTMENT

NEW S.

RAILROADS. INCLUDING STREET ROADS.
Alabama New Orleans Texas & P a cific J u n ction R y s.—
R ep ort.—The receipts fo r the year ended Dec. 31,1901, aggre­
gated £114,599, contrasting w ith £93,520 in 1900, £7,101 being
received from the V ick sbu rg Shreveport & P a cific,’ against
nothing in the preceding year, w hile the road was under re­
organization. The rem aining in com e fro m investm ents in
1901 was as follow s: N ew Orleans & N orth Eastern R R ,,
£88,891; A labam a & V ick sb u rg R y ., £12,915; L evee Steam
C otton Press P roperty, £3,663; interest on deposit accounts
and sundry investm ents yielded £2,028. A fte r p rovidin g fo r
general expenses a balance o f £ lll,0 0 5 jrem a in s to be carried
to the cred it o f net revenue, to w h ich m ust be added £871
brou ght forw ard from the year 1900, m aking together £ l l l , 876. Interest for the year on the “ A ” debentures and in com e
tax am ounted to £41,070. leaving £70,440, out o f w n ich the
fu ll interest o f the year (£5 per cent) has been paid on the “ B ”
(incom e) debentures and 2% per cent on the “ C ” debentures,
leaving £931 to he carried forw ard.
The report refers to the necessity o f p rovid in g further
capital for im provem ents and additions u rgently required
by the N ew Orleans & N ortheastern R R ., and fo r clear­
in g up the indebtedness o f the latter com pany fo r u n ­
paid interest on the first m ortgage bonds and on con stru c­
tion account, and states that a plan is under consideration by
the directors to provide fo r these purposes. See N . O. & N.
E. item , V . 74. p. 268; V . 74, p. 93.
B rooklyn H eig h ts R R . — Q uarterly.— Earnings fo r the
quarter and the six m onths ending Dec. 31, cov erin g the
operations o f lessor com panies, are as fo llo w s :

.

3 m os.en d . Gross
Dec. 31. earnings.
1901........$2,791,145
1900 ....... 2,833,681
6 months—
1901
5,844,94 6
1900....... 5,935,395
-V . 74, p. 337; V. 73,

Net
earnings,
.15835,794
1,111,302

Other
incom e.
$73,762
74,611

Interest,
Balance,
taxes, etc.
sur. or def.
$1,065,523 def.$115,967
1,152,087
33,826

1,958,598
2,4 89.480
p. 1111.

184,824
168,314

2,134.108
sur. 9,314
2,310,682 sur. 347,112

B rooklyn R a p id T ra n s it Co.— Purchase. — See South
B rooklyn R R . & Term inal Co. b e lo w .—V. 74, p. 377, 204.
Bush T e rm in a l C o.—New: E n terp rise.— This com pany was
in corporated at A lbany on Feb. 14 w ith $3,500,000 o f author
ized capital stock by interests identified w ith the Bush
C om pany, Lim ited. T he stock is all o f one class and is d i ­
vided into shares o f §100 each. The directors are :

477

con n ect the eigh t block s of uplands whloh are Included In out p ro p ­
erty w ith the term inal tracks and offer them at a fair price to m an u ­
facturers.
Tho Bush Co. w ill furnish the steam ship com panies which use our
nlcrs with New York offices, superintendents, forem en, tow boats,
floats and all other needed adjuncts on the basis o f a fixed rent.

Mr. Bush believes that, as com pared w ith the New Jersey
shore, the B rooklyn w ater fron t b elow M anhattan offers
special advantages for steam ship term inals, n otably because
o f the crow ded con dition o f the N orth R iv er fron t opposite
New Y ork C ity and the dangers o f delay from fo g and ice,
etc., fer persons crossing North River.

Canadian xVorthern R y.— E xten sion .—'The com pany w ill
extend its road, w hich now runs from P ort A rth u r to W in n i­
peg, at once to E dm onton, N orthw est T erritory, throu gh the
Y e llo w Head Pass o f the R o ck y M ountains into British
Colum bia, the P acific T erm inus to be at Bute Inlet, w hence
ferry com m un ication w ill be had w ith N anaim o, V an cou ver
Island, and w ith V icto ria , the provin cial capital. The B rit­
ish Colum bian G overn m en t, it is reported, w ill grant a cash
subsidy o f $1,800,000, as w ell as a land grant o f 8,000,000
acres.—V . 74, p. 93.
Central o f G eorgia Ry.— D ecision .— See P ort R o y a l & A u ­
gusta R y. b elow .— V . 73, p. 1263.
Chicago & South Side Rapid Tran sit R R .—Sale Confirmed,
—The Illinois State Suprem e C ourt on F eb. 21, in the sto ck ­
holders’ suit, affirmed the decree o f foreclosu re under w h ich
the property was sold and reorganized in 1896.— V. 71, p. 236.

Colnm busBuckeye Lake & Newark T raction C o.—Line
Opened.— The first ca r, on w h ich were the com p a n y ’s officials,
passed over the line on F eb. 23. F u ll passeDger service is
expected to be begu n w ithin a fe w w eek s.— V. 73, p. 1159.
Cumberland & Ohio R R ., N orthern D ivision .— D ecision.
—The C ourt o f A ppeals at F ra n k fort, K y ., on F eb. 13,
affirmed the ju d g m en t fo r $25,000 in fa v o r o f A . L. S ch m idt
(trustee fo r the bondholders) and against the L ou isville &
Nashville fo r damages fo r failure to tu rn ov er the property
in good con dition at the term ination o f the th irty-year lease
in March, 1900 —V . 70, p. 1249,
Denver & R io Grande R R .—A p p lica tio n to L ist.— A p p li­
cation has been m ade to the N ew Y ork S tock E xch an ge to
list $2,400.0CO additional first con solidated m ortgage 4 per
cent gold b on ds.— V . 73, p. 1010.
East St. Louis & Carondelet R y — Change o f C on trol.—
See Terminal R R . o f St. L ouis below .
Evansville & T erre Haute R R .— Change o f C ontrol.— New
Officers.— A t a special m eetin g o f th e board o f directors on
Thursday, E dw in S. H ooley, o f the firm o f R olston & Hooley.,
was elected President in place o f E, R , Thom as, w h o was
elected at the annual m eeting in O ctober last. The fo llo w ­
in g new directors, representing C hicago & Eastern Illinois
interests, were also chosen, v iz .: G eo. H . Ball (w ho becom es
V ice-P residen t), H. H . P orter Jr. and H enry C. Seibert, su c­
ceeding General Samuel T hom as, E. R . T hom as and H . M.
W ork.
D ividend on C om m on.—The d irectors have declared a
dividend o f 2 per cen t on the com m on stock , payable A p ril
10 ont o f the earnings fo r the six m onths ending D ec. 31 last.
N o dividend was paid fo r the preceding sem i-annual period,
— V . 73, p. 899.
Fulton Chain R y.—Successor C om pany. — T his com pany
was incorporated in N ew Y ork on F eb. 25 with $21,000 au­
thorized stock as successor o f the F u lton Chain R R ,, fore­
closed. A m on g the directors are W . Seward W e b b and J.
Pierpont M orga n .—V . 74, p. 378, 93.
Georgia R ailw ay & E lectric Co .— C onsolidation C om pleted.
— The certificate o f the com pany fo rm a lly accepting the term s
o f the ordinance perm ittin g consolidation, accom panied by
payment o f $50,000 as required b y the ordinance, was filed on
Feb, 21. See term s, V . 74, p. 377.

Grand R apids H olland A Lake M ichigan R apid Ry. Co.—
Stock Increased.— The capital stock has been increased from
$500,000 to $1,000,000. See Y . 71, p. 602.

H untingdon & Broad Top M ountain R R . & Coal Co.—
R ep ort.—The results fo r th e year en d in g D ec. 31, w ere:
Year.
Gross.
Net.
1 9 0 1 ................$754,633 $324,964
1 9 0 0 ................ 643,904
247,443
- V . 72, p. 1184.

Interest.
$106,190
100,190

D i v .o n p r e f . B at., sur.
(5) $100,000 $117,774
140,000
1,253

Indianapolis Slielbyvilie & Southeastern T raction Co.—
M ortgage.—This com pany has m ade a m ortgap^ to secure

Alfred T. Britton, George Hoffman, A. Dudley Britton, James H. an issue o f $500,000 5 per cent bonds to provide fo r construe-:
Dawson and .John J. Kuhn of Brooklyn.
President Irvin g T. Bush is quoted by the “ B rooklyn
E a g le ” substantially as follow s :

We shall build piers large enough for the economical discharge of
modem steamships and la Immediate connection with a freight rall"/ay terminal connecting with all the trunk lines entering New York
Oity. The property acquired Is In South Brooklyn, between 43d and
51st streets, and has a depth of one-half mile, extending from the
uplands to the outer pier headline. Half this depth Is land under
water, upon which we can build piers more than 1,300 feet long, which
reach out to the edge of the Government Channel. The work is now
under way to give this channel a uniform depth of 40 feet.
The piers are to be more than 1,300 feet in length, 150 feet wide,
with intervening slips 250 feet in width. They will be equipped with
electrical power and every possible facility for the accommodation of
steamships of the largest size. The piers are to be earth filled In the
centre, and the deck sheds are to be entirely of steel.
As a railroad terminal we purpose (a) to provide slde-traok accom­
modations for more than 1,300 cars, thus giving those who use the
piers facilities for direct shipping and receiving, and (b) to Induce
manufacturers to build upon adjoining property and receive and ship
their merchandise at New York rates. We shall, In all i>robabllity,

tion now in progress from Indianapolis to S helbyville, 25
miles. The com pany was incorporated in Sept., 1901, w ith
$600,000 stock. The officers as last reported were : Presi­
dent, Edw ard K . A dam s; V ice-President, A lb ert L eprez;
Secretary, Thom as E. G ood rioh ; Treasurer, John R . Meesick.
Kansas C ity Fort Scott & Memphis R y .— In terest on K .
C. Memphis & B irm ingham R R . In com es.— See that com pany
b elow .—V . 74, p. 205, 94.
Kansas City Memphis & B irm ingham R y .— F ixed In ter­
est on In co m es— Nathaniel Thayer and Charles Merriam an­
nounce that an arrangem ent has been m ade w ith the K an ­
sas City F ort Scott & M em phis R y. to pay interest on the
incom e bonds, beginning M arch 1, at the fixed rate o f 5 per
cen t per annum , payable semi annually, in consideration o f
an option for 10 years, from Septem ber 1, 1902, to purchase
assenting in com e bonds, on any interest day, on 60 days’
notice, at 95 per cent and accrued interest. H olders of incom e

-178

1HE

CH RO NICLE.

bonds desiring to accept those tonus are requested to deposit
thT -tun' with the o ld Colony Trust Co. of Boston ou or before
April 1, 1902, to be stamped as subject to the agreement of
sale and th ) trust agreement, o f which copies may be o b ­
tained at the offi :e of the trust company. The coupon matur­
ing March 1, 1902, will be canceled on the deposit of the
bonds and the amount thereof paid in cash. Holders of a
large amount of the income bonds have accepted the terms
offered, dee advertisement ou page v ii.—V. 78, p. 887.
Lake Tahoe H allw ay & T ransportation C o.—New Bonds.
—The mortgage recently made to the Mercantile Trust Co.
of S in Francisco as trustee secures $500,000 of 80-year 5 per
cent first mortgage gold bonds o f $1,000 each, dated Oct. 1,
1901, and due Oct. 1,1931; amount outstanding, $275,000,
balance to be issued only for new and permanent improve­
ments and additions to the property. Interest payable April
and October at office of trustee in San Francisco. The m ort­
gage is a first lien on the 10 miles o f road owned, and also
covers all steamers and hotel property, viz.: steamers Tahoe,
Meteor, Tallac and Esmeralda; marine railways, wharfs, etc.,
and hotel embracing 450 acres land and costing over $150,000.
A sinking fund becomes operative in 19 J5, and 1% per cent is
payable yearly to the Mercantile Trust Co. o f San Francisco,
and may be used to purchase bonds at market price, but not
for their compulsory redemption.—V. 73, p. 1160.
Lake Shore & M ichigan Southern Ry.—Quarterly.—Earn­
ings for the quarter ending Dec. 31 were:

LVOL. L X X I V ,

The company has about 6 miles of track in the city of Newark (popu­
lation about 20,000), and the suburban line to Granville (popula­
tion 2,500) la Smiles In length, making 14 miles of road In all. The
gross receipts for 1901 were $48,582; operating expenses, $26,071;
net earnings, $21,911.—V. 74, p. 427.
N ortham pton RR. (P en nsylvan ia). — M ortg a g e.— This
company has made a mortgage to the Fidelity Trust Co. o f
Philadelphia, trustee, to secure $300,000 first mortgage 50ytar 5 per cent gold bonds ($1,000 each), due Jan 1, 1952, but
subject to call at 105 and interest on any interest day. The
company is building a steam road from Martin’s Creek, on
the Pennsylvania and Bangor & Portland railroads to Bath,
Pa., ou the Central R R . o f New Jersey, 15 miles, w hich is
leased to the Lehigh <& New England R R , for 999 years from
Jan. 1, 1902, the latter guaranteeing the bonds, principal
and interest, by endorsement. The road is expected to be
completed about July 1 next.

Northern S ecurities Co.—Application to United States
Supreme Court denied.—The United States Supreme Court
on Monday denied the application of the State o f Minnesota
for leave to file a bill of complaint in equity against the com ­
pany, in an action to have its form ation declared illegal, on
the ground that the court is without jurisdiction.
Th9
opinion, read by Judge Shiras, is voluminous, concluding as
follow s:
“ As the Great Northern and the Northern Pacific Railway
companies are indispensable parties, without whose presence
the court, acting as a court of equity, cannot proceed, and our
3 mos end. Gross
Net
Other
Interest,
Balance,
Bee. 31. earnings,
earnings.
income.
taxes, etc.
surplus. Constitutional jurisdiction would not extend to the case if
1901........$7,787,435 $1,689,833 $506,493 $1,096,732 $1,0 >9,594 these companies were made parties defendant, the motion for
1900....... 7,105,144
1,864,943
338,264 1,057,687
1,145,520 leave to file the proposed bill must be and is denied.” —V . 74,
The preliminary statement for the year 1901 (partly esti­ p. 428, 380.
mated) was given in V . 73, p. 1260.—V. 74, p. 379,
Ohio Northwestern E lectric Ry.—Mortgage. —The com
Lehigh & New E ngland HE. —E xtension—Guaranteed pany, incorporated in Ohio on March 11, 1901, has filed a
Bonds.—See Northampton RR, below .—V. 73, p. 138.
mortgage for $350,000, to cover its proposed road from FosManchester (N. H.) Street R y.—Stock Increased,.— The toria, O., northwesterly to Mungen, 20 miles, where it will
New Hampshire R R . Commission has approved the issue of connect with a road running to Bowling Green. The capital
$149,300 additional stock for extensions and improvements. stock was recently authorized to be increased to $500,000,
See Y . 74, p. 205.
A. N. Chandler & Co. o f Philadelphia are reported to be in­
Marinette Gas, Electric Light & Street Ry.— Control Sold. terested. W m . D. Marks is President; Secretary and Treas­
urer, John A . Bradner.
—See Menominee Electric Light, Ry. & Power Co. below.
P a ris (T e x .) T ransit Co.—M ortga ge—A mortgage has
M arket Street Ry. o f San F rancisco.—Consolidation.—
See United Railroads o f San Francisco below.—V . 73, p. 1356. been filed in favor o f the St. Louis Trust Co,, as trustee, to
secure $100,000 tonds.
Menominee (M ich .) E lectric Light Railway & Power Co.
Pennsylvania Company.—Listed.—The New York Stock
—Acquisition. —Stockholders of the company, we are officially
per cent guar­
informed, have acquired a controlling interest in the Mari­ Exchange has listed the $20,000,000 o f
nette Gas Electric Light & Street Ry., with a view to ultimate anteed gold loan o f 1901, represented by Girard Trust
consolidation of the two properties. F. A . Spies of Menom Company certificates for $1,000 each.—V. 74, p. 95, 41.
inee has teen elected President o f the Marinette Company and
P ennsylvania & Ohio R ailw ay.—Stock In crea sed —The
Edward Daniell is now the General Manager o f both plants. capital stock has been increased from $600,000 to $700,000.
The Marinette Company operates about T% miles of track See page 65 of Street R a il w a y Supplement .
and at last accounts had outstanding $115,000 stock and
P ennsylvania R R .—Yew York Tunnel Bill Passed.—The
$35,000 bonds. A double belt line, it is reported, will be bill enabling the city authorities to grant a franchise for the
built around Marinette and Menominee this spring, and construction o f the proposed tunnel railroad was passed by
about $50,000 spent in improvements at once.
both branches o f the legislature on Wednesday o f this week
Metropolitan Street Ry. of New York.—P roxies Asked and was sent to the Governor for his action. The Pennsyl­
F or.—I. & S. W ormser, bankers o f this city, representing vania New Jersey & New Y ork R R . Co. was incorporated in
themselves and other large holders of the company’s stock, New Jersey on Feb. 13, with $100,000 authorized stock, in
request proxies to be used at the forthcom ing meeting on accordance with the original plan (V. 73, p. 1264) to construct
M arch 20, 1902, in opposition to the proposed lease of the the New Jersey end o f the tunnel.
road and new bond issue, See advertisement on page v ii.—
Terminal RR, Association o f St. Louis.—See that company
Y . 74, p. 437, 379.
below.
Listed.—The New Y ork Stock Exchange has admitted to
Mexican Eastern RR .—New E nterprise.—S. A. Witherbee, Detroit, Mich,, gave the follow in g to the “ Railway A ge;” the list $1,000,000 additional capital stock, on official notifica­
This company holds a concession for a railroad from Merida, the tion that it has been issued in exchange for shares of stock of
capital of Yucatan, around the gulf via Campeche and San Juan Ba­ the Pennsylvania & Northwestern RR. Company, making
tista to Coatzacoaloos, Mex., the eastern terminus of the Tehuantepec total amount authorized to be listed to date $204,593,400. Up
National RR. This portion, together with branches and branch feed­
ers. comprises nearly 1,060 miles of line and carries Federal subsidies to date 85 per cent of the stock of the Pennsylvania & North­
of $12,000 per kilometer and $5,000 per kilometer State subsidy, both western R R . has been delivered for exchange (sea V. 74, p. 152)
in 5 per cent bonds. This $17,000 per kilometer, reduced to gold and
Annual Meeting.—A t the annual meeting on March 11 the
miles, is equal to $14,000 in gold per mile. North of Coatzacoaloos
the Federal subsidies oease, but carry State subsidies equal to $2,500 a shareholders will vote upon an agreement dated June 12,
mile, gold. The concession also runs from Coatzacoaloos to Mata- 1901, for the acquisition of the corporate property and fran ­
moras, via Vera Cruz. Taxpan and Tampico, with a branch from Tux chises of the Trenton Cut-Off R R . Co.; also an agreement
an to the City of Mexico, and inoludes an extension to Ciudad del dated Nov. 27, 1901, for the acquisition o f the corporate p ro­
uarez, opposite El Faso.
The board of direotors will he composed of the Incorporators (V. 74, perty and franchises o f the Schuylkill & Juniata RR. —V. 74,
p. 268), with Myron T. Herrick of Cleveland, Henry M. Whitney of p. 380, 327.
Boston and three residents of Mexico. It is the intention to begin at
P h ila d elp h ia Co. o f P ittsb u rg .—Franchises Purchased.
onee the construction of the south end of the line, where the subsidies
are largest, and build several hundred miles of road and equip it with­ —The company, it is announced, has acquired the elevated
out issuing any bonds. That portion of the line carrying smaller sub­ railroad franchises secured by Thomas Bigelow, Henry W .
sidies and the branches will be constructed by Issuing bonds, whloh
will not exceed $15,000 per mile. With the exception of the line to Oliver, Richard Quay and others at the last session of the Legis­
the City of Mexico, there will be no grades exceeding 1 per cent and lature. President Reed and Vice-President Callery have re­
there are praotioally no curves. Mr. Witherbee states that the busi­ quested Recorder Brown to appoint a commission to consider
ness awaiting the road is both varied and enormous.—V. 74, p. 268.
the question o f constructing one or more roads to relieve the
M ilwaukee E lectric Ry. & L igh t Co.—New Officers.—John congested traffic in the city, which they state in their letter
I. Beggs, heretofore General Manager, was on Feb. 20 elected should be remedied at once. The price to be paid for the
President in place of W m , Nelson Cromwell, the latter suc­ franchises is reported as $2,250,000.—V. 74, p. 380, 201.
ceeding Postmaster-General Henry C. Payne as First ViceP ittsb u rg Cincinnati Chicago & St. Louis R y.—Listed.—
President. Mr. Beggs w ill also remain General Manager. The New York Stock Exchange has listed $2,000,000 addi­
The other officers are: Charles W . W etm ore, Sacond Vice- tional consolidated mortgage guaranteed Sig per cent gold
President ; George R. Sheldon, Treasurer, and Charles A. ooupon bonds o f 1949, making total amount listed to date
Spofford, Secretary. The same gentlemen were elected to $11,257,000.—V . 73, p. 1357.
the corresponding positions in the Milwaukee Light, Heat &
Ponce E lectric Co.—Status,—Stone & W ebster of Boston
Traction Co.—V . 74, p. 425.
write as follow s:
Newark & Granville Street R y .—Bonds.—'The bonds re­
This company has been organized under the laws of New Jersev to
cently offered at 101 and interest by Norton & Co., o f W heel­ operate
street railways and electric lighting plauts In the Island of
ing, W . Va., are part o f an authorized issue o f $250,000 Porto Rloo. Its capital Is $416,000 oomiuon stock; bonds. $260,000, 6
($190,000 outstanding) first mortgage 39-year 5 per cent gold per oent 30-year gold.—V. 74, p. 268.
bonds, due Jan. 1, 1931, interest being payable January and
P enobscot C entral R y.—Botuls, —Montgomery Rollins A
July at the Central Trust Co. o f New Y ork, trustee. A cir­ Co. o f Boston write as follow s in regard to the bonds recent­
cular says:
ly purchased by them:

M arch

1, 1003. j

479

THB CHRONICLE.

The issue of $250,000 bonds, dated July l.lHOS.was nil purchased
in the early part of this yoar and onnoeled and a new Issue of the
same amount, dated l)oo. 2, 11*01, and due Deo. 2, 1921, wan made.
The sinking fund for these new bonds will begin December, 190U, and
m ay bu y the bonds In the open market at not exceeding 110 and ao
orued Interest. The amount of the sinking fund gradually Increases
eaoli year, ho that at maturity of the bonds about $115,000 will have
been redeemed.—V. 74, p. 327.

P ort R oyal Sc Augusta R R .—Guaranty Upheld. —The
Circuit Court o f Appeals on Feb. 21 affirmed the decision o f
Judge Speer holding the Central Railw ay o f (Georgia liable
on its guaranty o f second mortgage bonds o f the com pany.
See V. 72, p. 674.
R eadin g C om pany.— Listed.—The New Y ork Exchange
has listed $23,000,000 Jersey Central collateral 4 per oent
fifty-vear gold bonds of 1957. See abstract o f m ortgage, Y . 72,
p. 487.—V. 74, p. 206, 152,
St. Louis & San F ran cisco R R .—A cquisitions.— The com ­
pany has purchased the Oklahoma City & W estern R R ., which
is nnder construction from Oklahoma City, O. T ., to Quanah,
T ex., 175 miles, and is expected to be com pleted about Jan.
1 next; also the Blackwell Enid & Southwestern R y. com ­
pleted from Blackwell O. T ., to the Choctaw Northern
crossing. 87 miles, and from Vernon, T ex,, rorth to the Red
River. 13 miles, and nnder construction between the Choctaw
Northern crossing and the Red R iver, 154 miles. N o bonds
are outstanding on either o f the properties, and the St. L. &
S. F. w ill eventually issue its own securities thereon.
K ansas City Memphis & Birmingham Incom es.—See that
company above.—V . 78, p. 1358.
S alt Lake & Ogden R y.— To be E lectrically E quipped,—
President S. Bamberger is quoted by the “ Salt Lake Tribune”
o f Feb. 20 as saying that the road w ill be equipped electri­
cally and laid with 70-lb. steel rail and extended to Ogden
and eventually to Brigham City. The line now extends from
Salt Lake to Farm ington, in all 20 miles o f track. A new
com pany, it is stated, w ill be formed to take over the road,
the pleasure resort at Lagoon m idway betw een Salt Lake
and Ogden, and other property.
Savannah F lorid a & W estern R y.—M ortgage Authorized.
—The stockholders voted on Feb. 26 to authorize a consoli­
dated m ortgage to secure $31 000,000 4 per cent bonds to
provide for the refunding o f the outstanding bonds, aggre­
gating about $26,000,000, and for extensions and im prove­
m ents.—V. 74, p. 207.
South B rook ly n R R . & T erm in a l C o .- SoM .—Vice-Prf sident T. S. W illiam s of the B rooklyn Rapid Transit Co.,
representing interests affiliated with the latter, on Feb.
21 purchased the property o f the com pany, consisting o f a
terminal station at the foot o f 39th Street, Brooklyn, tw o
blocks on the shore of N ew Y ork Bay, extending from 87th
to 39th streets, and a line o f railroad running along 39th
Street to 10th Avenue, about one mile in length. The purchase
includes a row of brick tenements on 39th Street. The pur­
chase price is reported as about $1,000,000. The proposed
terminal of the Bush Terminal Co. adjoins the property a c ­
quired. See that com pany above.— V. 70, p. 126.
South Side E levated R R . o f Chicago.—See Chicago &
South Side Rapid Transit R R . above.—V . 74, p. 375, 152.
State L in e & S u llivan R R .—S to c k —The stockholders w ill
meet on March 28 to vote on a proposition to reduce the au­
thorized stock from $1,000,000 in $50 shares to $25,000 in
shares of the same par value, and thereupon to increase the
authorized amount to $175,000. I f the changes are approved
it is proposed to offer the $150,000 new stock to the stock­
holders of record on A pril 7, prorata at par. Vice-President
Charles H. Davis of 25 Broad St., New Y ork, in a circular
addressed to the stockholders, states that the floating debt is
about $200,000 and that about $150 000 are urgently required
to provide for the com pany’s needs.—V . 69, p. 1248
Staten Island E le ctric R R . Co.—In the Supreme Court
John Greenough was yesterday appointed receiver o f the
company and of the tw o controlled properties, the N ew
York & Staten Island E lectric and the New Jersey & Staten
Island Ferry companies.— V. 69, p 646.
Tennessee Central R y.—Purchase.— The Nashville &
K noxville R R . was purchased on Feb. 19. W e are inform ed
the line between Nashville and Lebanon w ill be completed
not later than A pril 1, affording a through line from
Nashville to Emory Gap, there connecting with the Cincin­
nati New Orleans & Texas Pacific Junction R y. and the
K noxville branch of the Southern Ry.—V. 74, p. 96.
T erm in al R R . A ssociation o f St. L ouis.—A cquisition.—
The recent prarchase c f a one-seventh interest in the property
by the Pennsylvania R R. was accompanied by the transfer
by the Pennsylvania interests o f the East St. Louis & Carondelet Ry. to the Terminal Association, which tabes pos­
session to-day. The road acquired becomes part o f the belt
line on the east side, and witn the com pletion o f the north­
ern belt line on the Missouri side o f the river the com pany’s
lines will entirely encircle the city on both sides o f the river.
— V. 74, p. 152.
T oled o R ailw ay & Term inal C'o.—M ortgage.—'The com ­
pany has made a m ortgage to the Common wealth Trust Co.
o f St. Louis, as trustee, to secure $3,500,000 10-year 4 ^ p>er
cent bonds o f $1,000 each. Deeds to important tracts o f real
estate are reported to have been recently acquired; also the
property of the Riverside R y., a short line connecting with
the Malleable Iron Works and some other Industries, which
has just filed a mortgage for $150,000 to the Ohio Savings
Bank <fe Trust Co. as trustee.—V. 74, p. 428.

Union Traction Co.of Philadelphia.— 7o be /.eased. The
comm ittee o f directors to whom was referred the proposition
of the syndicate headed by John M. Mack on Thursday issued
the follow ing statement: “ The com m ittee met this day and
received from Mr. Mack a proposition to lease the Union
Traction Co. Lt was favorably considered and the chairm an
o f the comm ittee was instructed to report the same to the
board for its action on Monday next.” An official circular,
is expected to be issued early next week, giving in detail the
terms of the proposed deal. W hile no official announcement
o f the fact has been made and any statement now, it is said,
would be mere guesswork, it is crenerally believed in
outside circles that the new com pany w ill have a capitaliza­
tion o f $30,000,000, w ith $3,000,000 paid in, and that the
Union Traction Co. w ill be leased on a graduated scale rang­
ing from 3 to 6 per cent yearly.—V . 74, p. 428, 328.
United Railroads o f San Francisco.— Plan.— The plan for
the purchase o f the Market Street R y. and other lines in San
Francisco is being underwritten by a syndicate headed by
Brown Bros. & Co.
The United Railroads upon acquisi­
tion of the stock and rights of the constituent companies and
upon the payment o f $1,600,000 in cash to be used for better­
ments and improvements, will iesue $20,000,000 each in pre­
ferred and com m on stock and four per cent bonds. A portion
o f the above issues is reserved for m inority stocks not yet
acquired. The above tw o classes of stock w ill be owned by a
N ew Jersey corporation called the United Railw ays Invest­
ment Co. of San Francisco, and this latter com pany is per­
fecting the plan for 1he purchase o f the several companies
making up the system. It contracts to purchase the shares
o f the constituent companies, and its obligation for the same
w ill be paid by the delivery o f the 4 per cent bonds o f the
United Railroads o f San F rancisco, which is the name of the
California company. The Investment Company w ill issue
$15,000,000 of 5 per cent cum ulative preferred stock and $5,000,000 com m on. It is the stocks o f the Investment Com ­
pany and the bonds o f the United Railroads o f San F ran ­
cisco that the syndicate will underw rite. The system com ­
prises 229 miles o f road, the com bined earnings o f which in
1901 were $5,125,282 gross and $2,083,155 net.—Y . 74, p. 428.
Wabash RR. —Listed.— The New Y ork Stock Exchange has
listed the $3,000,000 o f 20-year 5 per cent first lien gold
equipment sinking fund coupon bonds o f 1921 for $1,000 each;
also $3,000,000 Omaha Division first m ortgage 3^£ per cent
gold coupon bonds; also $3,000,000 o f Toledo & Chicago
Division first mortgage 4 per cent gold coupon bonds for
$1,000 each.—V . 74, p. 152.
Western Maryland R R .—New P resident.—The directors
on Feb. 26 accepted the resignation o f John M. ELood as
President, to take effect upon the election o f his successor.
Mr. H ood is now the President o f the United R ailw ays &
Electric Co. o f Baltimore. N o developments o f im portance
have transpired during the week in regard to the m uchdiscussed sale o f the road, but the discovery has been made,
it is reported, that it w ill be necessary to obtain the passage
o f a special A c t o f the Legislature to enable the city of
Baltimore to relinquish control of the directorate in the event
o f such sale. The results fo r the year ending Sept. 30 were:

Tear—

Gross.

1900-1................... ,.$2,119,473
1899-0................... 1,823,741
- V . 74, p. 328, 260.

Net.

$784,417
670,529

Charges.
$435,677
436,080

Bal., sur.

$348,840
234,449

White Pass & Yukon Ry. Co., Limited,— Debentures.—
The Railway Share Trust & A gen cy Co. o f London recently
received subscriptions at par for the entire outstanding
£255,555 6 per cent debentures o f 1901, due Jan. 1, 1911, but
subject to call at the option o f the com pany on six m onths’
notice. These debentures are:
(1) A first charge on th e £265,555 first m ortga ge bonds and th e w h ole capital
stock (e x ce p t d irectors’ shares) o f th e B ritish Y u k on N avigation Co.,
Lim ited; and
(2) S ubject to th e 5 par ce n t C onsolidated F irst M ortgage D ebenture Stock.
(a) A charge on th e £752,22:1 bonds and capital stock and shares (e x ce p t
d irectors’ qualification shares) o f the th re e local com panies ow n in g th e
rail w ar.
(b) A floating charge on th e o th e r assets o f th e W . P . & Y . R y .—-V. 73, p. 443.

INDUSTRIAL, GAS AND MISCELLANEOUS.

American Car Co. o f St. Louis.—Chattel M ortgage.— The
com pany on Feb. 19 filed a chattel deed o f trust fo r the sum
o f $379,115 to W illiam B. Thom pson and Henry D. Denker
as trustees, the Boatman’s Bank being named as ch ief credi­
tor on 54 promissory notes, aggregating $341,035. The trustees
will manage the business fo r the present. It is hoped to pay
the creditors in fu ll and to secure additional capital.
A m erican Grass T w in e Co.—F irst Dividend. —The co m ­
pany has declared its first dividend on the preferred stock,
being
per cent quarterly, payable A pril 1 to holders of
record March 15.—V . 74, p. 96.
A m erlcan-H aw aiian Steam ship Co.—Bond Call.— F iftysix first mortgage 6 per cent 15-year gold bonds, dated A pril
2, 1900, o f $1,000 each, have been drawn for redemption at 105
and will be paid at the Colonial Trust C o., Trustee, on A pril
1, when interest w ill cease.—Y . 74, p. 270.
American Laundry Machinery Manufacturing Co.—The
proposed consolidation under this title, it is announced, has
been abandoned.— V. 73, p. 1113.
American Ordnance C o C harge o f C o n tro l-P ro p o sed
Consolidation.—A controlling interest in the stock has been
purchased bv the Hoadley-Cramp syndicate.
President
Charles R. Flint resigned, and on Feb. 21 the follow in g
officers and directors were elected, v iz ,:

THE

480

CHRONICLE,

Gib ears. Pr^ddjity Jo$&pbH. Ho&dUiy: Vioe-PreBicleiifc amd Tre&aarei, George W Hoadiey; Sdoretury, fr»u k W. Oartls.
IM ,% i-. * Joatipli il Hoadley Georgs W Hoadley, Frank W.
Curtis, hi M. Mollv&hie, Waiter 1J. Knight, Edwin 8. Cramp, L. V,
Bouet, B M. Bruit and Gyms Field Judson.
Tiit) property, it ia stated, is to be the nucleus o f a conaoli.1-iiioa d oid u an ce m akers with a capital stock o f $10,000,000
or upwards, w hich ia to be international in its ch aracter, ineluding am ong others the H otchkiss interests b oth here and
abroad. On Thursday the same interests w ere reported to
have acquired fo r abou t $1,300,000 the plant o f the D riggsSeabnry G u n & A m m u n ition Co. at Derby, C onn., giv in g
them practical con trol o f rapid-fire ordnance. R eed, S im p­
son, T b a cb er & B arnum are m entioned as counsel to the
proposed new corp oration .— V . 74, p. 998.
A m erica n P n e u m a tic S e rv ice Co.— B usiness.— T h e c o m ­
pany several weeks since m ailed to the stockh olders a cir c u ­
lar review in g the developm ent o f the com pany. Since its o r ­
gan isation $574,268 has been paid in dividends, including
that paid in January last. T here has been constructed in
B oston, it is stated, the largest pneum atic tube system in the
w orld for the delivery o f parcels, messages and m ail m atter.
The com p an y n ow delivers fo r over 200 stores, and has c o n ­
tracts w ith local express com panies for d elivery tw en ty m iles
ou t o f Boston, and to P rov id en ce, W orcester and Springfield
under a system inaugurated Ju ne 1,1901. It is proposed to
establish a sim ilar service in other large citie s.— V , 72, p, 534.
A tla n tic M u tu a l In s u ra n ce Co.— C ertificates o f P ro fits,—
The fo llo w in g is the form o f one o f the “ certificates o f p rof­
its” issued in 1899, Those issued in other years vary som e­
w h at in w ord in g, b u t are in substance the same, v iz .:
This is to certify th at................is entitled to $ ___in the earnings of
the Atlantic Mutual Insurance Company, subject to the rights of the
company under the charter, and all demands in their favor, and will
receive annually on the first Tuesday of February such part of the
accruing interest as by the company may he deemed equitable, not
exceeding 6 per cent on the said sum, which Interest shall cease on
public notice of redemption, whether called for or not. The amount
hereby represented Is transferable only on the books of the company
by the s a id ..............or his attorney, or the surrender of this certifi­
cate, and subject to regulations prescribed by the by-laws.
New York, ................. ........
.......................

Assisi. Secy.

.............................. V.-President.

Declared in the year 1899. Ou premiums on marked-off risks of the
previous year and subject to any future losses and expeuses o£ the
company until redeemed and to he reduced by the board of trustees
in case of losses and expenses in any subsequent year exceeding the
estimated profits of that year.—V. 74, p. 203.
B em is B ros. B a g Co. o f St. L o u is .—Stock Increased.
— A certificate has been filed o f the increase o f the c a p ita l
stock from $1,600,000 to $3,200,000.
B r id g e p o r t (C o n n .) Gas L ig h t C o .— B onds.— The $1,000,000 new first m ortga g e 4s are g old bonds, due Jan. 1, 1952,
interest dne J s d , 1 and J u ly 1; th ey are all outstanding.
The Central T rust Co. is m ortga ge tru stee.—V . 74, p. 153.
(H . d e ) Cabauas y C a r b a ja l.— In corp ora ted.— This co m ­
pany was in corp orated on F eb. 19 in N ew Jersey w ith $2,500,000 authorized ca p ita l stock , to m a n u fa ctu re ’and deal in
tob a cco. In corp ora tors:
L. Carbajal, J. B. Cobb, F. H. Ray, C. H. Homan, H. W. Cobb, R. A.
C-. Smith and W. J. Seidenberg, all of Jersey City.
The original C uban com p a n y o f this nam e was acqu ired
recen tly by the interests con trollin g the C onsolidated To
b a cco Co. J. B. C obb, ab ove nam ed, is V ice-P resid en t and
a d irector and F . H . R ay is a d irector o f that com p a n y .
Cauda C attle C ar C o .—Sale. —See Street’s W estern Stable
Car L in e below ,— V. 78, p. 34.
C en tra l L ig h tin g C o,— New E n terp rise.—This com pan y
w as in corporated in N ew Jersey last D ecem ber w ith $1,000,000 authorized capital stock , o f w h ich $500,000 is 8 per cen t
cu m u lative p re fe r r e d ; n o bonds. T he d irectors are:
Emerson MeMillin, President; William M. Fleitmam, Vice-Presi­
dent; C. T. Scoville, Treasurer, and W. F. Douthlrt, Secretary. The
other directors are: Charles H. Tweed, W. Emlen Roosevelt, L. F*
Dommerich, Arthur P. Heinze, Eugene B. Boross and E Reeve Mer­
ritt.
T he com p an y is a paren t corp ora tion , organ ized to in tro
duce, th rou g h sub-com panies w h ich are bein g form ed in v a ­
rious States, a patented gas lig h t burner. This burner, it is
claim ed, perm its a saving o f 50 per cen t in cost and affords a
ligh t several tim es as b rig h t as any oth er burner. The c o m ­
pany, it is said, w ill probably use the m an tel o f the W elsbach Com pany. T he bu rn er is in nse at the 23d Street, 33d
Street, 42d Street and 58th Street stations o f the Sixth A v e ­
nue Elevated R a ilw a y . T he com pan y has an office at 40
W a ll St.
C en tra l C oal & C oke Co. o f K an sas C ity .— P urch a se.— R e­
gardin g the reported purchase o f the Kansas & Texas Coal
C o., the “ Kansas City Star” says:
All the contracts have been signed, but a few formalities must he
gone through, and these will take probably two months. One of these
formalities is a vote of the Central Coal & Coke Co. to increase Its
capital stock from $3,750,000 to $7,000,000. The 8q-mUlion increase
represents the purchase price of the Kansas & Texas Company. The
Kansas & Texas stockholders will take part of their pay in stook and
will have one director on the board, but a very large oasli transaction
Is Involved.
The amalgamated oompany will own forty-five coal mines in opera­
tion, embloying 10,000 men, twenty-three company stores doing
a mercantile business of $2,000,000 a year, 2.500 houses for the
miners and lumber workmen, 50,000 acres of carefully selected
coal lands In Missouri, Kansas, Indian Territory, Arkansas, Louisiana,
Texas and Wyoming, lumber mills turning out 180,000,000 feet of
lumber yearly, and offloes and agencies in every large city In the
United States—V. 74, p. 381.

[V ol. LXXIV .

C ham pion I n te r n a tio n a l Co.— Bonds O ffered.—Dean &
Shibley o f P rovidence, R . I., are offering at 102% and interest
$300,000 o f the com p a n y’s $400,000 authorized issue o f first
m ortgage 6 per cent 20-year g old bonds, due F eb. 1, 1922, but
su b ject to call at 105 and interest after 5 years. T he In ter­
national T rust Co. o f Boston is the m ortgage trustee. T he
proceeds o f the bonds are to be used fo r additional w ork in g
capital and to install a ecutral steam and new coating plant
at L aw rence, Mass. W ith these additions the assets are
appraised b y the Eastern A u d it Go, to be w orth $1,073,206,
The com pany is organ ized under the law s o f Maine, w ith
$650,000 authorized stock, and m anufactures book paper,
being a consolidation o f the Russell Paper M anufacturing Go,
o f L aw ren ce, Mass., form erly ow ned by the International
Paper C o., and the Cham pion Card & Paper Co. o f East
Pepperell, Mass, The International Oom pany, it is^stated,
ow ns $350,000 o f the stock received in paym ent fo r the Russell
property and is represented on the board o f directors by
President Chisholm , Treasurer A . N . B urbank and D irector
F. H . Parks. The average yearly n et earnings fo r the past
tw o years, operated separately, are given as $83,969. Charles
M, G age is P resident o f the C ham pion Com pany.
C h a rleston (111.) L ig h t, H ea t & P o w e r Co .— deceiver —
Chaa. A . M, Searles o f C hicago, 111., it is reported, has been
appointed receiver.
C h ica go R a ilw a y T e r m in a l E le v a to r Co.— Bonds P u r ­
chased.— The com pan y has purchased $100,000 o f its bonds
from the proceeds o f the sale o f a Dortion o f its property,
and the adjustm ent o f fire losses.— V . 74, p. 208,
C olu m b u s ( 0 . ) C itizen s’ T e le p h o n e C o,—S ta tu s.—'T he
m inority stockholders w h o reside in C olum bus have made
arrangem ents w ith the bankers’ com m ittee o f the E verettM oore syndicate to purchase sufficient o f the E verett-M oore
holdings to g iv e them a con trollin g interest, the first-nam ed
agreeing in return to extend the business by putting in an
additional sw itch board at a cost o f $300,000 and to give the
syndicate an option upon the shares they bu y so that the
latter m ay, if opportunity should offer, dispose o f the syn­
dicate’ s telephone interests in an entirety.
F . H G off, counsel fo r the com m ittee, on W edn esday said:
While the papers have not yet been draw n, the arrangem ent has
been p ractica lly agreed to. The com pan y already has 8,50 J telephones
in operation and has orders fo r 1,000 more. The Colum bus share­
holders declare that b y the tim e another sw itch board is put in there
w ill he orders fo r 3,000 or 4,oOQ m ore telephones. With these co n ­
ditions the Colum bus shareholders w ere exceed ingly anxious to get
con trol o f the prop erty in order that they m ight put sufficient m on ey
into th e com pany to m ake these needed im provem ents and a t the
sam e tim e p rotect them selves.
W e have a sim ilar arrangem ent w ith the Jackson, M ich , Telephone
Co., hut it is ten tative as yet. I t is the in ten tion o f th e bankers’ co m ­
m ittee to sell the P eop le’ s T elephone Co. o f D etroit and the com pa n y
at D ayton It w ould take $1,509,000 to com plete the system at De­
troit and $600,000 to place the D ayton system in flrst-class operating
order. N egotiations are n ow goin g on fo r the sale o f both these p rop ­
erties, but I am n ot at liberty to say h ow fa r th ey h ave adva n ced.—Y .
73, p. 1266.

C olu m bu s ( 0 . ) Gas L ig h t & H e a tin g Go.— Common Stock
D ividend Increased.—A dividend o f 4 per cen t has been de­
clared on the com m on stock payable M arch 15, m aking, w ith
the d ividen d o f 3 per ce n t paid Jan. 21, 7 p er cen t in 1902.
In 1901. 6 p er cent was paid—3 per cent each, F eb. 1 and
M arch 1.— V . 72, p, 677.
C on cord (N . H . ) E le c t r ic C o.—B onds O ffered.—T hom pson,
T enney & C raw ford, o f N ew Y o rk and B oston, ow n and offer
at 104 and interest the outstanding $278,000 (authorized is­
sue, $350,000) first m ortgage 5 per cen t sinking fu n d g old
bonds, dated Ju ly 1, 1901, due Jan, 1, 1931 ($1,000 ea ch ), In­
terest payable sem i-annually Jan. and J u ly, redeem able at
107% and interest after J u ly 1, 1906. Messrs. Stone & W e b ­
ster, engineers, o f B oston, estim ate the cost o f reprodu cin g
the property (exclusive o f franchises) at $407,500. The average
net earnings fo r last six years, a fter deductin g taxes, are
stated as $25,500; the annual interest charge on the present
issue is $13,600.— V . 74, p. 97,
C on solid a ted C attle Car Co.— Sale.— See Street’s W estern
Stable Car L in e b elow ,—Y . 73, p. 34.
C on solid a ted L and Co. o f W est S u p e rio r.—S old.— The
property o f the com pany was sold on F eb. 18 for $100,000 in
tw o parcels to Talbot J. T a ylor & Co, of N ew Y ork , w h o
propose to reorganize the property.
C o n so lid a te d T o b a cco Co.— English C om p etition .— S9e Im ­
perial T o b a cco Co. o f London b e lo w ; see also H. de Cabanas
y C arbajala b o v e .—V . 74, p. 270,
C orn P r o d u c ts Co.—Stock In crea sed .—T he oom pany on
W edn esday filed a certificate o f increase o f its stock from
|3,000 to $80,000,000, as provided b y the plan, V . 74, p. 881.
The u nderw ritin g m oney, $4,500,000, required to be paid in
cash under the plan, was called and paid on W edn esday o f
this week. The stock o f the new com pan y, it is expected,
w ill not be issued fo r at least tw o weeks. The N . Y . Stock
E xchan ge has adm itted to the unlisted departm ent the cer­
tificates o f deposit issued b y Messrs. Cuyler, M organ & Co.
fo r G lu cose Sugar R efin in g Co. preferred and com m on stock.
—V . 74, p. 429, 381.
C ram p S teel C o., L im ite d .—A cq u isitio n .—The com pany
has acquired the properties o f the Central Steel and Indiana
Steel com panies o f Indiana, the com bin ed output of w h ich is
stated to be 1,100 tons per day, It is also reported that plans
are under consideration for the purchase o f another plant
located in O ntario, Canada, The offices are iu the Grand
Central Depot in this city, w ith branches at Indianapolis and
T oronto. See V . 74, p. 208; V . 78, y>. 85.

M arch

1, 1902.]

481

THE CHRONICLE

D avis Creek C oal & C oke C o —In corp ora ted .—This c o m ­
pany has been incorporated with $275 000 authorized capital
stock, o f w h ich $75,000 is preferred. It ow ns about 600 acres
o f coal land 16 m iles below Bessemer, adjacen t to the Blue
Creek vein, and having a thickness in seam, it is stated, o f Do
inches, and has ordered m achinery and m aterial fo r op era t­
ing coal mines and the construction o f coke ovens. A m ile
and a-half o f railroad to the property is to be built, and m ints
w ith a capacity Of 1,000 tons a day are expected to be opened
shortly. A m on g those interested are:
W. E. Lake, J. O. Maben Jr. o f Birm ingham, and J. O. M aben, G eorge
Parsons. H enry Parsons, H . O. Selxas, C. A. L ow e and A. H. Larkin
o f New Y ork.

D rigg s-S ea b u ry G an & A m m u n ition Co.— R eported Sale.
—See A m erican Ordnance Co. a b ov e.—V . 72, p. 938.
E ast J ersey W a ter C o.—See Jersey City W ater Supply Co.
b e lo w .— V. 72, p. 393.
F a irm o n t C oal Co .—Official Statem ent.— President C. W .
W atson under date o f Jan. 29 writes as follow s to H arvey
Fisk & Sons regarding the bonds they are offerin g as stated
last w eek:
The corp ora tion w as a con solidation July 1st, 1901, o f com panies
some o f w hich h ave been In successful operation fo r tw enty-five years.
I t ow ns 30,280 acres o f coa l lands and rights, and a bou t 4,030 acres
o f surface, In addition It holds 24,986 acres under perpetual lease,
m aking a total o f 55,166 acres o f coa l lands. These mines lie on both
sides o f the M onongahela R iver on the B altim ore <fe Ohio R R . from a
p o in t north o f Fairm ont, W est V irginia, to a poin t south o f Clarks­
burg, W. Va. This region is underlaid by a bed o f ooal 8 feet thick, in­
creasing in plaoes to 10 feet in thlokness, the greater part o f w hich Is
above w ater level and lies nearly flat, or at very gentle angles, with
a good r o o f and floor, and other fav ora b le con dition s f o r cheap
mining. The quality o f th e coa l Is a high-grade gas, steam and coking
ooal. The ve in is the southern exten sion o f the P ittsburg vein from
P ennsylvania in to W est Virginia. As the ooal bed is praotioally un­
broken b y faults o r disturbances o f any kind (w hich produce u nw ork­
able areas), the m lnable coal in reserve Is estim ated from 650,000,000 to 700,000,000 tons. The oom pany has on this property 36 oper­
ating m ines o f large ou tpu t and lo n g life and equipped In the best
possible m anner both as to m achinery and buildings. The oom pany
has 1,051 cok e oven s, ow ns and con trols 5,300 railroad cars and has
25 stores, furnishing goods to its 6,000 em ployes.
The Fairm ont co a l has been distributed from Minnesota to the E ast­
ern seaboard, and has fo r years been very la rgely used fo r fu el by the
G reat N orthern, N orthern P acific, Canadian P a cific, C hicago <fe North­
western. W isconsin Central, M ichigan Central and others, as w ell as
the B altim ore & Ohio. The Fairm ont C om pany has purchased con ­
trol o f the N orthw estern Fuel Co., a large and successfu l dook and
coa l distributing com pany, w hose operations extend from Chicago to
Duluth. This gives to the F airm on t Com pany large storing and docking
plants at Chloago, M ilwaukee, G reen Bay, W ashburn, W est Superior
and Duluth, w ith coa l yards at St. Paul and M inneapolis.
The outpu t fo r s ix m onths ending Deo. 31st, 1901, w as 1,984,811
gross tons, or at the rate o f 4,000,000 tonB a year, in spite ,of the
shortage o f oar supply. The earnings o f these si* months w ere as
follow s: Net earnings, $474,962; interest charges, $112,130; sinking
fund, $39,508; balance surplus, $323,324.—V . 74, p. 329, 98.

F e d e ra l T elep h on e Co.— B onds A u th o rized .—The stock­
holders on F eb. 24 authorized the issue o f $6,500,000 collateral
trust bonds and the sale o f the assets o f the com pany if a su f­
ficiently good offer is m ade. It is understood, h ow ever, that
w ith the sales already effected o f the holdings o f the E verettM oore syndicate and the proposed sale o f the D etroit U nited
R y ., the transfer o f such assets w ou ld be unnecessary, and
strong efforts, th erefore, are to be m ade to dispose o f the c o l ­
lateral trust bonds.— V . 74, p. 429.
F u lto n C oal Co . —R eduction o f Stock.— T h e stockholders
w ill vote on M arch 26 on a proposition to decrease the ca p ­
ital stock to $274,193,
G en eral C a rria g e Co.— Sale.— The Sheriff proposes to sell
45 autom obiles belon gin g to the G eneral C arriage C o. to
satisfy a ju d g m en t.— Y . 73, p. 1162,
G o od rich T ra n s p o rta tio n Go.—D etails o f M o rtg a g e— The
new m ortgage to the A m erican Trust Co. o f Cleveland, as
trustee, is made to seoure $400,000 first m ortgage 6 per cent
g old borids ($1,000 each), all to be issued at once. The bonds
are dated F eb. 1, 1902, and m ature as fo llo w s: Nos. 1 to 136,
inclusive, on F eb. 1. 1906; Nos. 187 to 268 inclusive, on Feb.
1, 1910, and the rf m ainder on Feb. 1,1914. The $200,000 old
six per cent bonds outstanding but never put upon the
m arket w ill be paid off fro m the proceeds o f the new issue.
The capital stock is $500,000, all outstanding, in $100 shares.
— V. 74, p. 329.
Im p e r ia l T ob a cco Co. o f L on d on .— C on solid a tion — This
B ritish consolidation, referred to last week, the press d e­
spatches state, has acquired con trol o f 14 concerns, the stock­
holders o f Salmon & G luckstein, L im ., the largest retail
tobacconists in L ondon, having on Feb. 25 ratified an arrange­
m ent with the Im perial Com pany, under w h ich the latter
guarantees 10 per cent dividends on their holdings.
Secnxrities.—The follow in g securities have been authorized:
£5,000,000 each o f
per cent cum ulative preferred shares,
preferred ordinary shares and deferred ordinary shares and
£2,500,000 43^ per cent debenture (the last named being
lim ited to one-half o f the cum ulative preference shares at
any tim e issued, but to be not in excess o f £2 500.000). O f
the securities £1,000,000 debenture stock and £3,000 000 5]^
per cen t preferred shares were offered for subscription; the
vendors received £500,000 debenture stock, £1,500,000 pre­
ferred shares and £4 259,049 o f each class o f ordinary shares;
leaving unissued £1,000,000 debenture stock, £500,000 pre­
ferred and £740,951 o f each class o f ordinary shares. Under
the plan £4,000,000 cash is provided, o f which £1,438,925 was
payable to the vendors, the rem aining £2,561,075 being avail­
able as w orking capital.
E arnings.—T he certified average annual profit o f the co m ­
bined com panies fo r the past three years, after allow ing for
depreciation and all w orking expenses, am ounts to £1,062,-

922; interest on £1,600,000 debentures calls fo r £63,750, and
dividends on £4,500,000 preference shares fo r £247.500. w hich
would leave au estimated surplus, if earned, o f £751,672, or
nearly 9 per cent on the ordinary shares. — V. 74, p. 429.
Jersey C ity W ater S a p p ly Co . —N egotiations.— C ontractor
Patrick Q, F lyn n , it is stated, has “ practically com p leted ”
negotiations w ith capitalists identified with the East, Jm sey
W ater Co. b y w h ich that com pany, or its friends, w ill ad­
vance $3,000,000 to enable F lyn n to proceed with his $7,595,000 contract for bnilding new water w orks for Jersey City.
In return for the loan the East Jersey W ater Co. w ill be
allowed to elect a m a jority o f the Supply Com pany’s d irect­
ors. The m aking o f the loan, it is understood, is con tin gen t
upon the c it y ’s extending the tim e fo r com p letin g the works
until October 1,1903. I f this extension is granted, a tem porary
supply o f L ittle Falls w ater, it is said, w ill at once be fu r­
nished the city th rou gh a con nection o f the com p a n y’s new
steel pipe w ith the East Jersey W a ter C om pany’s main at
Hepburn F arm , Passaic County.
The dispute w h ich resulted a few weeks ago in an applica­
tion for a receiver has been am icably adjusted and the ap­
plication w ith draw n .— V . 73, p. 1316.
K anaw ha & H o ck in g C oal & Coke C o.—la ste d .— The N ew
York Stock E xchange has listed $2,750,000 first m ortgage
40-year guaranteed 5 per cent sinking fu n d cou pon g old
bonds of 1951 fo r $1,000 each.
E arnings.— F o r the six m onths ending Dec. 31, 1901, the
results o f operation w ere: Gross, $457,073; net over taxes,
$101,507; interest and other deductions, $73,710; balance,
surplus, $27,797.—See V . 74, p. 271.
K ansas & T exa s C oal C o.—Sate.—See Central Coal & Coke
C o. o f St. L ouis above.— Y . 66, p. 616.
L e x in g to n (K y .) H y d r a u lic & M a n u fa ctu rin g Co.— M o rt­
g a g e —The com pany has filed a m ortgage to the A m erican
Loan & Trust Com pany o f Boston, as trustee, to secure an
issue o f $400,000 20-year 5 per cen t first consolidated m ort­
gage gold bonds, dated Feb. 1, 1901, o f w h ich $57,700 have
been issued, and $250,000 o f the balance is reserved to r e ­
tire the first m ortgage bonds o f tbe same am ount, dated
F eb. 1, 1896. The com pany is k now n b y the above title,
although the bonds bear the inscription, “ L exin gton W ater
W ork s Bonds. ” - Y . 72, p. 535.
L o u isv ille B r id g e Co.— D ecision .— Judge Toney in the
U n ited States C ircu it C ourt at L ouisville, K y ., on Feb. 24,
awarded ju d gm en t in fa v or o f th e L ou isville & N ashville
against the B ridge C om pany fo r $150,775 and against the
Pittsburg C incinnati C h icago & St. L ouis fo r $81,786, in the
old suit g row in g ou t o f the con tra ct m ade in 1872. The
action recom m ended b y the Special C om m issioner to w h om
the matter was referred was m odified b y lim iting the recov­
ery to the proportion o f the surplus earnings earned betw een
the years 1872 and 1880, inclusive, and 1888 and 1892, in clu ­
sive. The share o f the surplus du rin g the years 1881 to 1892,
inclusive, was disallow ed because o f the loss o f original
docum ents, w ay bills, etc.
D ividend.— The d irectors have refused to declare the sem i­
annual dividend as proposed b y the m in ority stockholders
because o f the tax ju dgm en ts secured b y the city o f L o u is­
ville, am ounting to about $215,000, although the net earnings
fo r 1901 are reported as $135,924, or about 9 per cen t on the
stock.— V. 73, p. 957.
M edina Q u a rry Co .—In corp ora ted — B ond s.—This co m ­
pany was incorporated in N ew Y ork on Feb. 17, 1902, w ith
$2,000,000 authorized capital stock (all o f one kind) in $100
shares, to operate the M edina Sandstone Q uarry properties
(several hundred acres), form erly w ork ed nnder private o w n ­
ership, located on the E rie Canal about m id w ay betw een
B uffalo and R ochester, the stone bein g loaded d irectly to the
canal boats b y derrick. There is also an issue o f $1,200,000
first m ortgage 6 per cent 30-year sinking fu n d gold bonds,
dated March 1, 1902 ($500 and $1,000 e a ch ), p ractically all o f
w h ich are outstanding, interest thereon being payable Mar. 1
and Sept. 1 at the City T rust Co. o f N ew Y ork , trustee.
The bonds are redeem able at 110 and interest at any time.
The stone is claim ed to be at least equal in strength to Q uincy
granite and to possess fireproof qualities adapting it fo r use
in lining lime kilns, etc.
The follow in g officers and directors have been elected, v iz .:
Ex-Comptroller Bird 8. Coler (President); ex-State Comptroller
James A. Roberts (Vice President); L. A. De Graff (General Manager);
Winthrop E. Searrltt (Treasurer); J. C. Rogerson (Secretary); E. R.
Chapman, L. H. Hole, Edmund Seymour, H. Le Roy Randall. William
8. Harvey, Leonard Baldwin, E. Fanoher, M. H. Phillips, and William
O’Brien.

M ilw a u k ee Gas L ig h t Co.—B ond s.— See W estern Gas Co,
above.
M in n ea p olis G en eral E le c tr ic Co.— R ep o r t.—The results
fo r the year ending D ec. 31, 1901, com pare as fo llo w s:
Tear—

Oross.

1901.........$405,634
1900......... 327,270
—V. 73, p. 443.

Net.

$213,^53
166,754

Charges.

$107,615
100,666

D iv .o n p r e f. B al., sur.

(6)$45,000
(6)45,000

$61,238
21,088

M in n esota T h re sh e r (M a n u fa c tu r in g ) Co .— Threatened
A ssessm ent.— The creditors o f this bankrupt com pany are re­
ported to be contem plating m aking an attem pt in the courts
to com pel the stockholders to pay an assessment to m eet the
com p a n y’s debts. The stockholders have appointed the fo l­
lo w in g com m ittee to resist any such m ove:
Franols H. Dewey,' President of the Merchants’ National Bank of

Worcester; H. Howard Noyes, President of the Georgetown National
Bank; Christopher H. Wells, of the Groat Falls National Bank, of
Somersworth, N. H .; Preston B. Keith, of the Home National Bank of
Brockton, and Frank L Woodard,[of the Merohants’iNatlonal Bank, of
Norwich, Conn.; V. 73, p. 141; V. 72, p. 1083.

4:82

THE

CHRONICLE.

N ew Y o r k T r a n s p o r t a t io n C o.— Assessment. - T h e 2,200
s h a r e s .u p o n w h ich th e r e ce n t $ 10 a ssessm en t w as n ot j>aid
w e r e s o ld at a u c tio n o n W e d n e s d a y , T n e c o m p a u y is r e ­
p o r te d to h a v e n e a rly $1,500,000 in th e tr e a s u r y , w ith o u t
a n y o u ts ta n d in g o b lig a tio n s e x c e p t the. o r d in a r y c u rre n t
a c c o u n t s ,— V . 74, p. 215.
N e w O r le a n s S e w e r C o ,— T h e B o a rd o f S e w e r a g e W a t e r
C o m m is sio n e rs o n F eb . 21 v o te d to a c c e p t th e otter o f th e
c o m p a n y to sell all th e p r o p e rty , b o n d s an d fr a n ch is e s o f th e
c o m p a n y f o r $295,000 cash .
P e n n s y l t a n l a E l e c t r i c V e h ic le 0,0.—Report.— A t th e a n ­
n u a l m e e tin g o n F e b , 18 th e fo llo w in g sta te m e n t f o r th e y e a r
1901 w as issu ed : V a lu s o f p r o p e r t y , v e h ic le s , e tc ., $825,000;
sa les o f v e h ic le s d u rin g th e y e a r, $88,000; loss d u r in g first
s ix m o n th s fr o m c a b s e rv ice , $17,000; p rofit d u r in g se co n d
s ix m o n th s, a b o u t $1,000. T h e b o a rd o f d ir e c to r s w as r e ­
d u c e d fr o m n in e to sev en , G e o . H . D a y an d W . W . G ib b s
re sig n in g . V ic e -P r e s id e n t H e r b e r t L lo y d haB b e e n e le cte d
P r e s id e n t in p la ce o f th e la t t e r .— V . 73, p. 1211.
P n e u m a t ic S ig n a l C o. o f R o c h e s t e r . — Incorporated.— T h is
c o m p a n y w a s in co r p o r a te d in N e w Y o r k on F e b . 8 w it h $3,000,000 a u th o r iz e d s to ck , t o m a n u fa c tu r e r a ilr o a d a n d o th e r
sign a ls. T h e d ir e c to rs a re:

[V o l . L X X IV .

S y r a c u s e G as Vo.-—Bonds Offered,— B a ttle s , H e y e & H a r ­
rison o f N e w Y o r k an d P h ila d e lp h ia o ffe r a t p a r an d in terest
$600,000 o f th e first m o r t g a g e 5 p er c e n t 50-year g o ld b in d s ,
d u e J a n . 1, 1946, o f th e a u th o r iz e d a m o u n t o f $2,500,000 (o u t­
sta n d in g a m o u n t $2,047,000), th e b o n d s b e in g u n c o n d it io n a l­
ly g u a ra n te e d , p r in cip a l an d in te re st, b y th e S y ra cu s e L ig h t ­
in g C o ., w h ic h n o w o w n s n e a rly a ll th e s t o c k (see V . 74, p.
882) b y en d o rs e m e n t, as f o llo w s :
F o r v a lu e r e c e iv e d , S y r a c u s e L ig h tin g C o ., h a v in g 'b e e n t h e r e t o duly
a u th o riz e d , h e r e b y g u a r a n te e s th e p a y m e n t o f t h e p r in c ip a l a n d in ­
te re s t o f th e w ith in b o n d , a c c o r d in g t o th e t e n o r th e re o f.
W itn e s s th e c o r p o r a t e n a m e o f th e S y r a c u s e L ig h tin g Oo. hereunto
s u b s c r ib e d , a n d its c o r p o r a t e seal a ffix e d b y its T r e a s u r e r as of the 17th
day o f J an u a ry , 1902.
S Y R A C U S E L I G H T I N G C O .,
By John J. C um ml us, Treasurer.

T h e a p p r o x im a te n e t e a r n in g s f o r 1901 (D e ce m b e r e s t im ­
a ted ) a re g iv e n as $275,000, w h ile th e in te re st ch a rg e s on
a b o v e n a m ed b o n d s an d $2,000,000 b o n d s o f S y ra cu s e L ig h t ­
in g C o. are $202,350 y e a r ly .— V . 73, p. 1268.

United E lectric Co. o f New Jersey.—R eport,—The results
f o r th e y e a r e n d in g J a n . 31, 1902, w e r e : G ro s s ea rn in g s, $1,677,322; n et ea rn in g s, a fte r p a y m e n t o f ta x e s , $758,414; in ­
terest on b o n d s , $698,134; b a la n ce , su rp lu s, $55,280.— V . 73,
p. 187.
U n it e d

S tates

E n v e lo p e

C o .— Bonds.— P a r k in s o n

&

John N. Beokley, George Weldon. G. W. Archer, Frederick Cook, A. B u rr o f B o s to n h a v e p u rch a se d th e $250,000 fiv e p e r c e n t
H. Harris. G . C Bael, T. A. Smyth, C. H. Palmer, J. H MoCartney, B.
E. Chase, E. SI Upton of Rochester, A. H. Kenshaw of Troy and W. L. seria l d e b e n tu re b on d s issu ed to r e fu n d th e n o te s g iv e n to
th e M o rg a n E n v e lo p e C o. iu p a y m e n t f o r th e ir p ro p e rtie s.
Bull of New York City,
See d e s cr ip tio n , V . 74, p. 385.
(^ueen C ity T e le p h o n e C o. o f S t. Louis.—Increase of Stock,
U n it e d S t a t e s F io n r M i l l i n g C o .— Stole Adjourned,— T h e
— T h e s to c k h o ld e r s w ill v o te o n M a rch 15, 1902, on a p r o p o ­
sitio n to in cre a s e th e c a p it a l s t o c k o f th e c o m p a n y f r o m $50, 000 to $100,000 b y is su in g $50,000 p r e fe r r e d s to ck .
B a i l w a y S t e e l S p r in g Co.— Incorporated,.—T h e c o m p a n y
w a s in c o r p o r a t e d in N e w J e r s e y o n F e b . 25 w ith $20,000,000
a u th o r iz e d s t o c k , o f w h ic h $10,000,000 is 7 p e r c e n t c u m u ­
la tiv e p re fe rre d .
T h e f o llo w in g o ffic e rs a n d d ir e c to r s h a v e haen e le c te d :
D ir e c t o r s —A a r o n F r e n c h (c h a ir m a n o f b o a rd ), S a m u e l R .
C a lla w a y , J u liu s E . F r e n c h (P r e s id e n t), F r a n k S. L a y n g ,
C h a r le s S c o t t J r ., a n d G e o . B. S loa n J r. (a ll th r e e V ic e -P r e s i­
d en ts), C has. H . H a lc o m b , T r u m a n H . N e w b e r r y , C h a rles
S c o t t , F r a n k B . S m ith a n d S. L . S c o o n m a k e r , E x e c u tiv e
c o m m it t e e — J u liu s E F r e n c h , T r u m a n H . N e w b e r r y and
F r a n k B . S m ith . O th e r office rs a re : A s sis ta n t T re a su re r,
F ra n k C a rn a h a n ; S e c r e ta r y , M. B. P a r k e r ; G e n e r a l S u p e r in ­
te n d e n t, D e W it t L o o m is ; G e n e r a l C o u n se l, R e e d , S im p s o n ,
T h a e h e r & B a r n u m ,— V . 74, p. 430, 382.
R e a l t y C o m p a n y o f N e w Y o r k . —Securities Offered— T h is
c o m p a n y , in c o r p o r a t e d in J a n ., 1902, w it h $l,00u ,000 a u th o r ­
iz e d c a p ita l s t o c k (a ll o f on e k in d ), in sh a res o f $1 ea ch , is
o ffe r in g at p a r $200,000 s t o c k a n d $100,000 first m o r tg a g e 20y e a r 5 p e r ce n t g o ld b o n d s (d e n o m in a t io n $10 ea ch ), th e p r o ­
ce e d s “ t o b e n se d e x c lu s iv e ly in o p e r a t in g r e a l estate in th e
b o r o u g h s o f M a n h a tta n a n d th e B r o n x a n d c h o ic e a c r e a g e
tr a c ts in W e s tc h e s te r C o u n ty .” T h e b o n d s m a y b e c a lle d a n d
c a n c e le d as re q u ire d t o c le a r a p lo t o f la n d w h e n s o ld a t a
p r e m iu m o f 5 p e r c e n t d u rin g th e first y e a r , 4 p e r c e n t d u rin g
th e s e c o n d , 3 p e r c e n t th e th ir d , 2 p e r c e n t th e fo u r t h , 1 p er
c e n t th e fift h an d th e r e a fte r a t p a r, b u t th e h o ld e r w ill h a v e
th e o p t io n o f r e c e iv in g “ a b o n d o f e q u a l v a lu e a t th e th en
c u r r e n t b o n d p r ic e issu ed o n p r o p e r t y o f e q u a l a p p ra is e m e n t.”
T h e N o r t h A m e r ic a n T r u s t C o. is th e m o r tg a g e tru stee.
T h e o ffice rs a r e :

President, Frederick F. Nugent; Vice-President, Edwin W. Fiske,
Mayor of Mount Vernon, N. Y.; Treasurer, Judson C. Travis; Secretary,
James M. Simpson.
T h e C o r p o r a tio n T r u s t C o. o f N e w J e r s e y is th e r e g is tr a r
a n d tra n sfe r a g e n t. T h e o ffice is a t 35 N assau S t., N . Y .
R e c o r d P u b l i s h i n g Co. o f P h i l a d e l p h i a . — Auction Sale of
Securities,— T h e S p e cia l M a ster C o m m is s io n e r , b y v ir t u e o f a
d e c r e e o f th e U n ite d S tates C ir c u it C o u r t f o r th e E a stern
D is t r ic t o f P e n n s y lv a n ia , e n te re d A u g . 22, 1901, in p r o c e e d ­
in g s a g a in s t W m . M . S in g e rly , a d v ertis es f o r sale a t a u c tio n
o n M a y 15, 1902, at R o o m 201 in th e P h ila d e lp h ia B ou rse,
P h ila d e lp h ia , th e f o llo w in g se c u ritie s o f th e c o m p a n y : N in e
h u n d r e d a n d fiv e th o u s a n d d o lla r s o f th e $1,000,000 s to ck
(sh a re s $100 e a ch ) an d $470,000 o f th e $500,000 first m o r t g a g e
6 p e r c e n t b o n d s d u e J u ly 1, 1930, c o u p o n s b ein g p a id in f a l l
t o J a n . 1, 1902, N o b id w ill b e a c c e p te d f o r th e b on d s less
th a n p a r v a lu e a n d a c c r u e d in terest.
R e n s s e la e r T e le p h o n e & T e le g r a p h Co.— Mortgage.—T h e
c o m p a n y h as m a d e a m o r tg a g e to th e T r o y (N . Y . ) T r u s t C o.
as tr u s te e to s e c u re $350,000 2 5 -yea r 5 p e r c e n t g o ld b o n d s to
b e d a te d J u ly 1, 1902, in d e n o m in a tio n s o f $500 a n d $1,000,
S t r e e t ’ s W e s t e r n S t a b le C a r L in e .—Acquisitions —P r e s i­
d e n t L o u is E c k s te in , a t th e a n n u a l m e e tin g on F e b . 25, m a d e
a n o fficia l a n n o u n c e m e n t o f th e m a k in g o f c o n t r a c t s w it h th e
p re se n t o w n e r s o f t h e se c u ritie s o f th e C a u d a C a ttle C ar
a n d C o n so lid a te d C a ttle C ar co m p a n ie s , w h e r e b y th e S treets
c o m p a n y w ill a c q u ir e a b o u t M a r ch 1 th e 4,500 ca r s a n d b u s i­
n ess o f th ese la tte r com p a n ies , N o sta te m e n t w a s m a d e as
t o th e p r ic e t o b e p a id b e y o n d th e f a c t th a t th e ba sis u p o n
w h ic h th e ca r s are a c q u ir e d en a b les p a y m e n t t o b e m a d e on
ea sy te rm s o u t o f th e ea rn in g s o f th e ca r s th em s elv es. W it h
th e se a c q u is itio n s th e c o m p a n y w ill h a v e 8,300 ears, o r m o re
th a n t w ic e th e e q u ip m e n t o f th e tw o o u ts id e com p a n ies.
Earnings—T h e e a rn in g s f o r the y e a r e n d io g D e c. 31 w e re :
Tear.
Net.
Onarges. Dividends. Bal., Sur.
1901...................................$200,920
$19,006
*^131,080
$50,174
1 9 0 0 ................................ 185,675
23,679
*131,080
30.916

*7 per cent on preferred and 2 per oent on common.—V. 74, p. 382.

fo r e c lo s u r e sa le has a g a in b een a d jo u r n e d t o M a r ch 7 .— V .
74, p . 382.

U n it e d S t a t e s L e a t h e r C o.— New Officers.— T h e fo llo w in g
o ffice rs w e r e e le c te d on T h u r s d a y o f th is w e e k : E . C. H o y t,
fo r m e r ly T h ir d V ic e -P r e s id e n t , in p la c e o f J a m e s H o r to n ,
w h o r e tir e d on a c c o u n t o f ill-h e a lt h ; F irs t V ic e -P r e s id e n t .
A . A u g u s tu s H e a ly ; S e co n d V i c e P r e s id e n t, W . G . G a r r e t t ;
T h ir d V i c e P r e s id e n t, 0 . J . L a p h a m ; S e c r e ta r y , J. T . T u b b y ;
T rea su rer, J a m es R . P lu m . See b a la n c e sh e e t on p a g e 47 7.—
V . 72, p. 436.
U n it e d S t a t e s N a v ig a t io n C o.— Increase o f Stock.—T h e
d ir e c to rs h a v e v o te d to in crea se th e ca p ita l s t o c k fr o m
$1,000,000 to $2,000,000. T h e c o m p a n y op era tes a fle e t o f
v essels in c o n n e c t io n w it h th e P h ilip p in e tra d e. N e w p iers,
it is sta ted , w ill b e b u ilt on P u g e t S ou n d .
W a r n e r - Q u in la n A s p h a lt C o. o f S y r a c u s e .— Acquisition.—
A press d is p a tch sta tes th a t th e sy n d ic a te in c o n t r o l h as
p u rch a se d th e L o p e z r a n ch in N o r th e rn M e x ic o , e m b r a c in g
1,200,000 acres, an d w ill d e v e lo p th e e x te n s iv e d e p o s its
th e r e o n , a n d b u ild a r a ilr o a d fr o m th e r a n ch t o so m e p o in t
o n the M o n te re y & M e x ica n G u lf R R , ‘ a, d is ta n c e o f a b o u t
60 m ile s . T h e c o n s id e r a tio n in v o lv e d is r e p o r t e d to e x ce e d
$1,000,000.— V . 74, p, 101.
W a u k e s h a W a t e r C o.— R e ce iv e r.— J u d g e S ea m a n , in th e
U n ite d S tates D is t r ic t C o u r t, o n th e a p p lic a t io n o f c r e d ito r s
in in v o lu n t a r y b a n k r u p tc y p r o ce e d in g s , a p p o in te d T im o th y
E. R y a n r e c e iv e r o f th e c o m p a n y . M a n a g e r T . A . B o x , it is
sta ted , c la im s th e em b a rra ss m e n t is o n ly te m p o r a r y , as th e
aseets a re s e v e r a l tim e s g re a te r th a n th e lia b ilitie s .
W e s t e r n G a s C o. o l M ilw a u k e e .— R o n d s Called—New
R o n d s .— A r e -a r r a n g e m e n t o f th e b o n d e d in d eb te d n e ss w ill
b e c a r r ie d o u t b y J. & W . S e lig m a n & C o. a n d V e r m ily e &
C o. U n d e r th e r ig h t r e s e rv e d in th e m o r tg a g e th e W e s te r n
G as C o. h as c a lle d in f o r p a y m e n t, a t th e office o f e ith e r o f
th e a b o v e -n a m e d firm s , o n M a y 1 n e x t , a t 110 an d a c c r u e d
in terest, its e n tire $4,000,000 issu e o f 5 p er c e n t first m o r t ­
g a g e c o lla t e r a l tr u s t g o ld b on d s,
Option.—'T h e firm s m e n tio n e d , h o w e v e r , o ffe r b o n d h o ld e r s
an o p tio n o f e x c h a n g in g th e ir se c u ritie s a t th e c a llin g p r ic e
o f 110 an d in te re st f o r first m o r tg a g e 25 -yea r 4 p er c e n t g o ld
b on d s o f th e M ilw a u k e e G a s L ig h t C o. a t 95 an d in te re st, th e
la tte r t o th e a m o u n t o f $6,000,000 h a v in g b een is su e d , an d
p u rch a se d b y th e m . T h e n e w b o n d s are s u b je c t t o c a ll a t 110
an d in te re st. T h e W e s te r n G a s C o. b o n d s w h ic h h a v e been
c a lle d f o r p a y m e n t are se cu re d o n ly b y d e p o s it o f th e c a p ita l
s t o c k o f th e M ilw a u k e e G a s L ig h t C o ., w h ile th e n e w M il­
w a u k e e G a s L ig h t C o. b o n d s a re s e cu re d b y d ir e c t first lie n
i:upon a ll th e p r o p e r t y o f th a t c o m p a n y . T h e o ffe r is s u b je c t
’ t o c h a n g e o r te r m in a tio n w it h o u t n o tic e . B o n d s sh o u ld b e
p resen ted at th e o ffic e o f e ith e r firm , w h o w ill d e liv e r
C en tra l T r u s t C o. in te r im re ce ip ts e x ch a n g e a b le f o r M il­
w a u k e e G a s L ig h t C o. 4 p e r c e n t b o n d s w h e n e n g r a v e d , an d
a d ju s t ca s h d iffe r e n c e s
A le x a n d e r C. H u m p h re y s , th e w e llk n o w n g a s e n g in e e r, h as p re p a re d a s ta tem en t s h o w in g th at
th e n e t p rofits o f th e M ilw a u k e e G a s L ig h t C o. f o r 1901 w e re
m o r e th a n t w ic e th e a n n u a l in te re st c h a r g e d on th e presen t
issue o f $6,000,000 n e w first m o r tg a g e 4 p er o e n t b o n d s . See
a d v e r tis e m e n t o n p a ge v i i . — V . 74, p. 885.
W e s t e r n N ew Y o r k W a t e r
C o .— Incorporation,— T a e
c o m p a n y w a s in c o r p o r a t e d in N e w Y o r k on F e b . 14 w ith
$5,000,000 a u th o r iz e d s t o c k , in $100 sh a res, t o s u p p ly w a te r
fr o m L a k e E rie t o to w n s a n d ^villages in E rie an d N ia ga ra
co u n tie s . T h e d ir e c to r s a re:
J o h n J . A lb r ig h t , E d m u n d H a y e s , F r a n k H . G o o d y e a r . C lurries W .
G o o d y e a r , W ils o n 8. B ts se ll, C h a rle s R . H u n t le y , A r t h u r D B tsse ll,
W illia m B . C u t te r , F r a n k S M o G ra w a n d M a r t in C a r e y .o f Burt’alo
a n d P e t e r A , P o r t e r o f N ia g a r a F a lls.

W illia m B. C u tte r is P r e s id e n t an d A r t h u r D. B issell.
T re a su re r. A n a rra n g e m e n t has been m a d e , it is sta ted , to
su p p ly w ith w a te r th e to w n o f C h e e k to w a g a .
_

O T 1F o r o t h e r I n v e s tm e n t N ow *

IS t.

THE CHRONICLE

M a r c h 1, 1 9 0 2 .]

llcpocrris amI

d o c u m

483

e n t s .

NO RT H E RN C E N T R A L RAILWAY C O M PA N Y .
FORT Y-S EVE NTH ANNUAL REPORT—FOR THE YEAR ENDING DECEMBER 31, 1901.
O f f i c e © f t h e N o r t h e r n C e n t r a l R a i l w a y C o .,
)
B a l t i m o r e , M d ., February 17, 1902. \

To the Stockholders of the Northern Central Railway Co.:

The Board of Directors herewith submit their report for
the year ending December 31st, 1901, with such data re­
lating to the lines embraced in your System as will give a
clear understanding of their physical and financial con­
dition. The mileage of the system is as follows :
Miles.
115-41

R oad/ow n ed.............................................................

L ines Operated U nder Contract —
R ockville Branch, Pennsylvania Railroad C om pany......... 2-83
Lykens V alley R a ilroa d ............ ..................................................19-29
Sliamokln V alley <fc Pottavllle R ailroad.................................38 42
Elm ira & W illiam sport R ailroad............................................... 75-60
Elmira & Lake Ontario R ailroad...............................................99"61
ye iiinrt
-----------

PERCENTAGE OF O PERATIN G E X P E N 9 E 8 TO EARNIN GS.
1901.
69-61 per oent.

1900.
70 07 per oent.

-----------

T otal Mileage Operated .........................................................381-06

7,845,411 59

I. 421,546 39

1,033,776 08
1,321,592 63
3,015,599 74
126,569 03

I. 82,915
I. 45,654
I. 125,338
I. 3,542

T o t a l E xpenscs ........ .5,754,989 03

5,497,537 48

I.

34
65
76
80

877,728
515%

18,571,560
1-70%

96,463
3-50%

A V E R A G E E AR N IN G S, EXPENSES AN D N ET EARN IN GS
P E R M ILE.

G E N E R A L INCOME ACCOUNT.
F o r Y e a r E nding D ec . 31st, 1901, and Co m parison w it h 1900.
A ll Lines Operated D irectly by the Northern Central R ailw ay Company1901.
1900.
In c. or DecE ar n in g s —
$
$
$
From freight traffic............... 6,275,671 00 6,029,321 75 I. 246,349 25
From passenger traffic____1,488,553 82 1,302,795 82 I. 185,758 OO
From express traffio............ 153,664 43
141,157 96
1 .1 2 ,5 0 6 47 Earnings.......
From transporta’n o f m ails
98,422 25
94,602 37
I. 3,819 88 E x p e n se s___
From miscellaneous sources 250,646 48
277,533 69
D. 26,887 21 Net earnings.
G ross E arnings ......... 8,266,957 98
E x p e n se s —
F or maintenance o f way
and structures.................. 1,116,691 42
F or maint. o f equipm ent... 1,367,247 28
F or conducting transp’n . . . 3,140,938 50
F or general expen ses......... 130,11183

Decrease.
0 46 per cent.

TONS, TONNAGE M IL E A G E AND F R E IG H T T R A IN M IL E A G E .
Tons
Tonnage
*Freight Train
Moved.
M ileage.
Mileage.
1,076 723,828
2,657,064
1 9 0 1 .................................... 16,154,552
1 9 0 0 .................................... 17,032,280
1,095,295.388
2,753,527
D e cre a s e ............................
Percentage o f D ecrease..

T otal Mileage O perated U nder Contract ..................... 235-65
WIT iu

The following statements show the percentage of operat­
ing expenses to earnings and the volume, earnings and cost
of movement of the freight and passenger traffic:

Per Ton P tr Mile.

*Per Freight-Train Mile.
Comparison with

Comparison with

1901.

CENTS.
0-583
0-406
0-177

1900.

Ci.
Increase. Per
o f Inc.

CENTS.
0 033
0014
0-019

6 00
3-57
12-03

1900.

1901.
Increase.

P er Oent
o f Inc.

CENTS.
17-221
8 636
8-585

7-86
5-54
13-61

CENTS.
236-188
164-544
71-644

* N o te .—T rain m ileage represents m ileage o f freight and passenger
trains only; all helping, shifting, or w ork train m ileage and m ileage
m ade by engines and cabooses without cars b ein g excluded.

19
19
07
36
53

The coal tonnage of the main line in 1901 was 6,836,252
net tons, and in 1900, 5,616,290 net tons, an increase of 1.219,962 net tons,
The total coal tonnage to Baltimore was 1,131,614 net
tons, a decrease of 41,437 net tons.
The coal tonnage of the Lykens Valley Railroad was
621,340 net tons in 1901, and in 1900 580,254 net tons, an in ­
crease of 41,086 net tons.
The coal tonnage of the Shamokin Division was 2,584,916
net tons and in 1900 2,306,833 net tons, an increase of 278,083 net tons.
The aggregate movement of bituminous coal was 2,949,595
net tons, a decrease of 597,608 net tons, and of anthracite
coal 5,184,736 net tons, an increase o f 279,777 net tons as
compared with the previous year. The tonnage Of both
classes amounted to 8,134,331 net tons as against 8,452,162
net tons for the preceding year, being a decrease of 317,831
net tons in the actual aggregate of coal transported, irres­
pective of the number of divisions over which it was moved.
The amount of grain received at the elevators at Canton
w as:
.

397,925 70

D . 397,925 70

1901.......................................................................................13,761,874 bushels.
“
1900...................................................................................... 18,456,050

26,582 94

I. 14,525 72

1,088,256 71

1,682,509 97

D. 594,253 26

N et I n com e ................... 2,018,018 83

1,297.557 81

Z. 720,461 02

N et E ar n in g s ................2,511,968
To which add:
Interest on investm ents. 491,229
Interest
account,
ex­
change, & c ... ................
6,741
Interest on equ ip m en t...
28,909
A m ount received from P.
RR. Co., proportion of
loss in operating Elmira
and Canandaigua D ivis­
io n s ....................................
67,426

257,451 55

95

2,347,874 11

I. 164,094 84

00

539,229 00

D. 48,000 00

12
97

49,170 16
30,154 44

D 42,429 04
D. 1,244 47

50

13,640 07

I. 53,786 43

594,306 59

632,193 67

D. 37,887 08

G r o ss I n c o m e ................ 3,106,275 54
I'irom which deduct:
Interest on funded d e b t.. 507,395 00
Interest on m ortgages
and ground ren ts..........
6,743 20
Interest on oar tru sts___
16,04 8 89
Rentals, leased road s___ 423,803 74
T axes....................................
83,179 12
Sundry expen ditu res.......
9,978 10
E xtraord’y expenditures
n ot properly chargeable
to Capital A cco u n t...............................
A dvances to Elmira &
Lake Ontario R R . C o ...
41,108 66

2,980,067 78

I. 126,207 76

616,385 00

D. 108,990 CO

15,466
19,265
509,035
88,796
9,052

D. 8,723
D. 3,210
D. 85,232
D . 5,617
Z. 925

39
08
81
48
57

From this Net Incom e for the y e a r........................................$2,018,018 83
the follow in g am ounts h ave been deducted, viz.:
Dividend o f 4 per cent, paid Ju ly 1 5 ,1 9 0 1 ..$ 4 5 8 ,4 9 0 00
Dividend o f 4 per cen t,'payable Ja n .15,1902 458,490 00
------------------916,980 00
Balance transferred to credit o f E xtraord in ary E x ­
penditure F un d................................................................$1,101,038 83
A m ount to credit o f P rofit and Loss Deo.
p«31, 1900........................ ..................................$3,345,602 67
Less premium on scrip redeemed................
40 00

A decrease o f .............................................................. 4,694,176

“

The amount of grain received at the local elevator, No. 2,
in the city of Baltimore during the year was 2,213,429
bushels, as against 2,006,036 bushels in 1900.
The principal items of tonnage besides coal and grain
were lumber, iron ore, manufactures of iron and petroleum.
PASSENGERS, PASSENGER M ILEA G E AN D PASSENGER
T R A IN M ILEA G E .
Passengers
Moved.
1 9 0 1 ................................. 4,628,033
1 9 0 0 ................................. 4,321,459
Increase............................ 306,574
P e r c e n t a g e s Increase. 7 09%

Passenger
Mileage.
68,250,677
59,520,774

*Passenger
Train Mileage.
1,829,180
1,657,000

8,729,803
14-67%

172,180
10-39%

Bal. to Profit and Loss Deo. 31,1901..$3,345,562 67
A V E R A G E EARNINGS, EXPENSES AND NET EARN IN GS
P E R M ILE.
CAR TRUSTS.

No scries of Car Trusts covering equipment sublet by the
Pennsylvania Railroad Company to this Company matured
during the year.

P er Passenger Per Mile.

Cost o f cars sublet from Pennsylvania Railroad Company
under existing series o f Car Trusts....................................... $183,262 50
Payment# m ade account o f sam e d u rin g 1901..$24,14S 89
Portion a p p llc a b le to ln te r e s ta n d o th e r c h a r g e s . 5 ,8 2 2 64

1901.

CENTS.

Balance applicable to reduction of principal...$18,326 25
Payments account principal rnadepiiorto 1901. 18,326 25
Total payments account p rincipal....... .........

36,652 50

Amount of certificates outstanding D ecem ber31st, 1901,
covering 270 cars sublet to Northern Central Ry. C o ... $146,610 00

*Per Passenger-Train Mile.

Comparison with
1900.

Earnings....... 2 1 8 1
E xp e n se s___ 2-026
Net earnings. 0 1 5 5

Increase Per Ot.
o f Ine.
or
Decrease o r Dec.
CENTS.

n. o - o o 8
1. 0 002
I). 0 010

Comparison with
1900.
1901.

CENTS.

0 37
010
606

99-299
75-605
23-694

Increase
or
Decrease.
CENTS.

Z. 1-123
Z. 2-909
D. 1-786

Per Cent
o f Inc.
or Dec.
1T4
4 00
701

* No te .—T rain m ileage represents m ileage o f freight and passenger
trains only; all helping, shifting, or w ork train mileage and m ileage
made by engines and cabooses without oars being excluded.

484

THE CHRONICLE
general rem arks.

T h e re w as a d e cre a s e in th e m o v e m e n t o f to n n a g e , th e
a g g r e g a te o n a ll d iv is io n s b e in g 16.154,552, as a g a in s t 17,•
Odd,280 to n s in 1900. a d e c re a s e o f 877,738 ton s. T h e r e w a s ,
h o w e v e r , a sm a lle r p e r c e n ta g e o f d e c re a s e in th e t o n m ile ­
a g e , a n d b y re a so n o f a s lig h t im p r o v e m e n t in ra te s th e re
w as a s a t is fa c t o r y in cr e a s e in b o t h th e g ros s a n d n et r e v e n u e
fr o m th e fr e ig h t tra ffic. T h e re w a s a s lig h t d e c r e a s e in th e
g ro s s a n d n e t r e v e n u e p er p a ssen g er p er m ile , b u t on a c ­
c o u n t o f a d e c id e d in cr e a s e in v o lu m e a n d m ile a g e th e re
w as a m a rk e d g a in in th e r e v e n u e t h e r e fr o m .
T h e re w a s a n in cr e a s e in e x p e n s e s in a ll d e p a r t m e n ts , b u t
the n e t o p e r a t in g e a r n in g s s h o w a g a in o f $164,094 84. T h e se
e a r n in g s w o re a u g m e n t e d b y th e in c o m e fr o m in v e s tm e n t s
a n d m is c e lla n e o u s s o u r ce s , so th a t th e a g g r e g a t e n e t r e v ­
e n u e f o r th e y e a r w a s $8,106,275 54.
A f t e r p r o v id in g fo r fix e d c h a r g e s , ta x e s , r e n t a ls o f le a s e d
r o a d s a n d o th e r lia b ilitie s th e n et in c o m e w a s $3,018,018 83,
o u t o f w h ic h d iv id e n d s o f e ig h t p e r c e n t w e re p a id , le a v in g
a su rp lu s o f $1,101,038 83.
A s a la rge o u t la y w ill b e n e ce s s a r y in im p r o v in g th e g ra d e
a n d a lig n m e n t o f y o u r m a in lin e so u th o f H a r r is b u r g , in ­
c r e a s in g y o u r p ie r a n d o t h e r te r m in a l f a c ilit ie s a t B a lt i­
m o r e , a n d in p r o v id in g a d d it io n a l s id in g s a n d o th e r tr a c k s
a t v a r io u s p o in ts , it h a s b een d e e m e d w is e to tr a n s fe r th is
su rp lu s t o th e E x tr a o r d in a r y E x p e n d it u r e F u n d .
T h e E x tr a o r d in a r y E x p e n d itu r e s f o r th e y e a r a g g r e g a te d
$359,513 45, a n d w e re c h a r g e d a g a in s t th e s p e c ia l fu n d a p ­
p r o p ria te d o u t o f th e in c o m e o f th e y e a r 1900. T h e it e m s
w e r e as f o llo w s :
Improvem ent o f Canton Yard and construction of new
pier, 130x934 feet............................................................
$130,687 48
Sidings and Bridgeport Y ............................ ............. ................ f>3,*:75 32
Undergrade bridge at M arysville............... ............ ....... .......
24,000 00
Additional sidings and Cracks at Clark’s Ferry, Fisher's
Ferry, Hanover Junction and other points......................... 91,914 31
Sundry Expenditures, covering w ater supply, telegraph
line, shop tools and other item s. ..................... ................... 4 8,212 06
Right of Way, less credit for property sold ..........................
11,424 2 »
T o t a l . . . . . . . . . . . . ................................................ .....................$389,513 45
T h is c h a r g e le f t a b a la n c e r e m a in in g in th e fu n d a g a in s t
t h e a p p r o p r ia tio n o f 1900 o f $354,011 36, w h i c h , w it h th e
a m o u n t a p p ro p r ia te d fr o m th e e a r n in g s o f th e p a st y e a r,
$1,101,038 83, m a k e s t h e t o t a l c r e d it t o th e fu n d as o f D e ­
c e m b e r 31st, 1901, $1,355,050 19.
T h e w o r k o f e lim in a t in g th e g r a d e c ro s s in g s o n t h e U n io n
R a ilr o a d in B a ltim o r e , a n d im p r o v in g its a lig n m e n t , w as
fu r t h e r c o n t in u e d d u r in g th e y e a r , th e c o s t t h e r e fo r b e in g
p a id o u t o f th e c u r r e n t assets o f th a t C o m p a n y .
T h e r e p la c e m e n t o f w o o d e n b r id g e s b y ste e l a n d o th e r
s t r u c tu r e s b e t t e r a d a p te d t o y o u r h e a v y t r a ffic a n d e q u ip ­
m e n t w a s fu r t h e r c o n t in u e d . E x te n s iv e im p r o v e m e n t s are
u n d e r w a y o n th e t r a c k s a n d y a r d a t M a r y s v ille , a n d th e
n e c e s s a r y w o r k is p r o g r e s s in g a t B r id g e p o r t t o im p r o v e th e
c o n n e c t io n w it h th e C u m b e r la n d V a lle y R R . a t t h a t p o in t.
T h e re w a s a n e t in cr e a s e o f fift e e n a n d o n e -h a lf m ile s in
c o m p a n y tr a c k s a n d s id in g s . T h e r e w e r e 6,877 t o n s o f n e w
s te e l ra ils a n d 237T57 tie s u se d in re p a irs a n d r e n e w a ls , a n d
a d d it io n a l s e c tio n s w e r e b a lla s t e d w it h sto n e a n d c in d e r .
S ix lo c o m o t iv e s , h a v in g b e e n so ld , c u t u p , o r c o n d e m n e d ,
w e r e r e p la c e d b y sta n d a r d p o w e r . F iv e b a g g a g e c a r s , fo u r
b a g g a g e -m a il c a r s , a n d s e v e n b a g g a g e -e x p r e s s c a r s w e r e
b u ilt , a n d n in e s e c o n d -h a n d p a s s e n g e r c o a c h e s a n d s e v e n
s e c o n d -h a n d c o m b in e d p a s s e n g e r -b a g g a g e c a r s w e r e p u r ­
c h a s e d fr o m t h e P e n n s y lv a n ia R a ilr o a d C o m p a n y , t o fill
v a c a n c ie s c r e a t e d in th e p a sse n g e r c a r e q u ip m e n t .
O ne
h u n d r e d a n d fo r t y - f o u r b o s ( in c lu d in g o n e *Car T r u s t c a r ) ,
t w o h u n d r e d a n d e ig h t y g o n d o la s , o n e g o n d o la a n d t w o fla t
s t o n e c a r s, a n d e ig h t e e n c a b in ca r s w e re b u ilt t o r e p la c e
c a r s d e s t r o y e d o r so ld .
.
In a c c o r d a n c e w it h th e te r m s o f t h e C o n s o lid a t e d G e n e r a l
M o r t g a g e , th e a m o u n t o f b o n d s o u t s t a n d in g t h e r e u n d e r w a s

[VOL.

LXXIV.

r e d u c e d J u ly 1st, 1901, th r o u g h th e p r o v is io n o f th e S in k in g
F u n d , b y t h e d r a w in g o f $176,000 o f s e c u r it ie s issu ed u n d e r
S eries A a n d B o f th a t m o r tg a g e , a n d th is r e d u c t io n ap p ears
in y o u r G e n e r a l B a la n c e S h e e t.
T h e se v e n p e r c e n t b o n d s o f th e S h a m o k in V a lle y R a il­
r o a d C o m p a n y , w h ic h w e re e n d o rs e d j o i n t l y b y y o u r C o m ­
p a n y a n d th e P h ila d e lp h ia & E r ie R a ilr o a d C o m p a n y ,
a m o u n tin g t o $2,000,000, h a v in g m a tu r e d J u ly 1st, 1901,
w ere p a id o ff, a n d a n e w m o r t g a g e c r e a te d s e c u r in g a lik e
a m o u n t o f th r e e a n d o n e -h a lf p e r c e n t b o n d s r u n n ih g t h ir t y
y e a rs fr o m th a t d a te .
T h e lea ses o f y o u r e le v a to r s N os. 1 a n d 3, C a n to n , B a ltitim o r e , to th e B a ltim o r e E le v a to r C o m p a n y , h a v in g te r ­
m in a te d D e c e m b e r 31st, 1901, a n e w lease w a s m a d e t h e r e ­
fo r t o th e C e n tr a l E le v a to r C o m p a n y o f B a ltim o r e C ity ,
w h ic h is o p e r a te d u n d er y o u r m a n a g e m e n t .
U n d e r th e p r o v is io n s o f th e P e n s io n D e p a r tm e n t th ere
w e re c a r r ie d o n its r o lls a t the en d o f t h e y e a r o n e h u n d r e d
a n d t w e lv e e m p lo y e s a n d th e c o m p e n s a tio n p a id d u r in g th e
y e a r a m o u n te d t o $33,934 30. E x p e r ie n c e h as d e m o n s tr a te d
th a t a la r g e r p e r c e n ta g e o f e m p lo y e s b e t w e e n th e a g es o f
s ix t y -fiv e a n d s e v e n t y w ill p r o b a b ly a v a il t h e m s e lv e s o f th e
p r iv ile g e o f r e tir e m e n t th a n a p p e a re d t o b e th e ca se w h e n
th e F u n d w a s c r e a te d , a n d w it h a v ie w o f p r o v id in g fu lly
fo r th is c o n t in g e n c y th e a u t h o r it y o f th e s h a r e h o ld e r s w ill
b e a sk e d fo r in c r e a s in g th e m a x im u m a p p r o p r ia tio n t o th e
F u n d t o $40,000 per a n n u m .
I t is w ith th e d e e p e s t r e g r e t t h a t th e B o a rd h a v e to re co r d
th e dea th o f o n e o f th e ir o ld e s t a n d m ost h o n o r e d m e m b e r s,
M r. B e n ja m in F. N e w c o m e r , w h o d ie d a t h is h o m e in B a lt i­
m o r e on th e 30th o f M a rch , 1901. W i t h th e e x c e p t io n o f a
b r ie f in te r v a l b e t w e e n 1874 a n d 1878, M r. N e w c o m e r h a d
beq n a D ir e c t o r o f th e C o m p a n y fr o m 1862 u n t il h is d e a th .
H e w a s th e C h a irm a n o f its F in a n c e a n d R e a l E sta te C o m ­
m itte e s , a n d w a s p r a c t ic a lly o n e o f its e x e c u t iv e c o u n c il.
H is s o u n d ju d g m e n t , fin a n c ia l a b ilit y a n d h ig h s t a n d in g in
th e b u sin e s s c o m m u n it y m a d e h is s e r v ic e s o f e x c e p t io n a l
v a lu e t o th e C o m p a n y , w h ile h is p e rso n a l tr a its o f c h a r a c t e r
w o n th e a ffe c t io n a t e r e g a rd o f h is a s so c ia te s. H is lo n g a n d
c lo s e c o n n e c t io n , n o t o n ly w ith y o u r C o m p a n y b u t w it h th e
o th e r lin e s in w h ic h y o u a re in te r e s t e d , m a k e s h is loss o n e
t o b e d e e p ly d e p lo re d . M r. S a m u e l R e a w a s e le c t e d a D i­
r e c t o r t o fill th e v a c a n c y c a u s e d b y M r. N e w c o m e r ’s d e a th .
M r. R. H . N e w b e r n w a s a p p o in te d A s s is ta n t S u p e r in te n ­
d e n t o f th e I n s u r a n c e D e p a r tm e n t J a n u a r y 1st, 1901. M r.
A r t h u r H a le h a v in g r e s ig n e d th e p o s it io n o f S u p e r in te n d e n t
o f T e le g r a p h , M r. C. M. S h e a ffe r w a s a p p o in te d to fill th a t
v a c a n c y J u ly 1st, 1901.
M r. R o b e r t H . G r o ff w a s a p p o in t e d A s s is t a n t T r e a su r e r o f
t h e C o m p a n y , w it h o ffic e in N e w Y o r k , t o ta k e e ffe c t J a n u ­
a r y 1st, 1902.
T h e w o r k o f a u d it in g th e j o i n t b u sin e s s o f y o u r C o m p a n y
w it h o t h e r lin e s h a s fo r a n u m b e r o f y e a r s p a st b e e n n e c e s ­
sa r ily p e r fo r m e d a t th e G e n e r a l O ffice o f th e P e n n s y lv a n ia
R a ilr o a d C o m p a n y in P h ila d e lp h ia , a n d it w a s d e e m e d b e s t
fo r th e e ffic ie n c y a n d e c o n o m y o f th e s e r v ic e t o m a k e th e
fo llo w in g a p p o in tm e n ts u n d e r t h e r e v is e d o r g a n iz a t io n
a d o p te d J a n u a r y 1st, 1902.
R . W . D o w n in g , C o m p tr o lle r ; M. R ie b e n a o k , A s s is ta n t
C o m p t r o lle r ; J . D . G r e e n e , A u d it o r o f D is b iu -s e m e n t s ;
E . A . S t o c k t o n , A s s is ta n t A u d it o r o f D is b u r s e m e n t s ; J e f ­
fe r s o n J u s t ic e , A u d it o r F r e ig h t R e c e i p t s ; H . C. M c K e e v e r ,
A s s is ta n t A u d it o r F r e ig h t R e c e ip ts ; O. A . K n ip e , A u d it o r
C o a l F r e ig h t R e c e ip t s ; A . J . G illin g h a m , A u d it o r P a s se n g e r
R e c e ip t s ; S a m u e l A n d e r s o n , A s s is ta n t A u d it o r P a s s e n g e r
R e c e ip t s .
Y o u r B o a r d d e sire t o e x p re s s t h e ir a p p r e c ia tio n o f th e
e ffic ie n c y a n d fid e lit y G io w n b y t h e o ffic e rs a n d e m p lo y e s
in’ th e d is c h a r g e o f th e ir d u tie s d u r in g th e p a st y e a r .
B y o r d e r o f th e B o a rd ,
A . J . C A S S A T T , President.

W estern E lectric C o. ( Bell Telephone Manufacturing' 1 propriation. A reserve fund o f $250,000 is to he created, and no
dividends in excess of 6 per cent will be p a il upon the common stock
Concern).— New Stock — T h e s t o c k h o ld e r s a r e o ffe r e d th e until
said reserve fund shall have been fully established.

r ig h t t o s u b s cr ib e t o $2 009,000 o f th e n e w s t o c k a t p a r in th e
r a tio o f on e n e w sh a re fo r e v e r y fo u r n o w h e ld , th e s u b s c r ip ­
tio n p r ic e b e in g p a y a b le M a r ch 10 n e x t .— V . 74, p 885,

T h e c e r t ific a te o f L a w r e n c e E . B r o w n & C o ,, c h a r t e r e d
a c c o u n ta n ts, states th a t th e n et e a r n in g s o f th e o ld firm fo r a
p e r io d o f 14 y ears fr o m Ja n. 1, 1887, t o D e c . 31, 1900, a ft e r
c h a r g in g o ff a ll ex p en ses a n d b a d d e b ts, a m o u n t t o $1,316,766,
an a v e ra g e o f $94,055 a n n u a lly . T h e ea rn in g s f o r th e c a le n ­
d a r y e a r 1900 w e re $108,499 a n d th o se f o r th e y e a r 1901, on
th e basis o f a ctu a l e a rn in g s fo r 11 m o n th s, w e r e estim a te d a t
$115,000.— Y . 73, p. 1268.
Youngstown Iron , Sheet & Tnbe Co.— Plans.— T h e c o m ­
p a n y w ill, it is sta ted , b u ild a $1,500,000 s t r u c tu r a l steel
p la n t, w h ic h w ill in c lu d e a b e a m a n d a n g le m ill an d p ossib ly
a steel r a il m ill. T h is, it is sa id , w ill m a k e it th e la rg e st
in d e p e n d e n t p la n t in th e w o r ld . T h e r e c e n t p u rc h a se o f
m in es o n th e M esa b a r a n g e is e x p e cte d t o s u p p ly ore fo r 30
y ea rs. (S ee V . 74, p, 885), a n d c o a l la n d s h a v e a ls o been
se cu re d , a n d c o k e o v e n s w ill b e b u ilt in th e s p r in g .— V .
74, p. 885, 881.

W estern R a i l w a y Equipm ent C o.— Incorporated.— T h is
c o m p a n y w a s in c o r p o r a t e d in N e w J e r se y o n F e b . 19 w ith
$500,000 a u th o r iz e d c a p it a l s t o c k to dea l in r a ilw a y e q u ip ­
m e n t. N e w J e rse y re p re s e n ta tiv e , C o r p o r a tio n T r u s t C o .,
w h o s e e m p lo y e s a p pear as th e in c o r p o r a t o r s .
Y o u n g , S m y th , F ield C o. o f P hilad elp h ia.—Stock Offered.
— T h e R e a l E sta te T ru s t C o. o f P h ila d e lp h ia r e c e n tly re ce iv e d
su b s cr ip tio n s t o a lim ite d a m o u n t o f th e 6 p e r c e n t c u m u ­
la tiv e p r e fe r r e d sto ck a t p a r ($100 p e r s h a r e ), o n e sh a re o f
c o m m o n s t o c k b e in g g iv e n w it h e v e r y fiv e sh a res o f p r e fe rr e d
s t o c k s u b s cr ib e d fo r . T h e p r e fe r r e d s t o c k is s u b je c t t o r e ­
tire m e n t w ith in fiv e y e a rs a t 105 a n d a ft e r 5 y ea rs a t 110,
d iv id e n d s b e in g p a y a b le q u a r te r ly fr o m Ja n . 1, 1902.
A
c ir c u la r sa ys:
The property Nos. 1 2 1 6, 1218 and 1220 Arch Street has been secured,
on which will be erected a complete and oommodions building for the
— A t t e n tio n is c a lle d t o the o ffe r in g by J . F , W ild A G o ,
Increasing business of the Arm; this property will he subject to a
mortgage of $200,000. In view of recent withdrawals from the dry In d ia n a p o lis, o f the first m o r tg a g e 5 p e r c e n t b o n d s o f th e
goods line, many of the Arm’s customers have requested the addition M a rio n L ig h t & H e a t in g G o. P a r tic u la r s w ill be fo u n d in
of certain branches of a wholesale dry goods business. The new cor­ th e a d v e rtis e m e n t.
poration will be managed b y the surviving partners, whose present
oapitai in the Arm will be invested in its stock on the same terms and
— N . W . H a lse y & C o ., F a r s o n , L e a c h A Go. and M e rrill,
conditions as other subscribers. An amount equivalent to 2 per cent O ld h a m & C o . a d v e rtis e th e n e w S ta te o f M assachu setts
on the preferred capital ($20,000) will be set aside annually as a
sinking fund for the retirement o f this mortgage. No dividends" what­ M e tr o p o lita n W a te r 40 -yea r b on d s. T h e a d v e rtis e m e n t is
ever upon the common stock shall he paid until after this annual ap- on p a g e v iii.

THE CHRONICLE.

March 1, 1002.)

^ h c

(£ m m t t jc r a a l

COMMERCIAL

485
C O T T O N .

^ ir a e a .

EPITOME.

F r i d a y N i g h t , February 28, 1902.
C r o p , as in d ica te d b y our telegram s
from the South to -n ig h t, Is g iv e n b elow . For the week ending
this evening the to ta l receip ts have reaohed 156,847 bales,
against 150,405 bales last week and 156,577 bales the previous
week, m aking the tota l reoolpts sin ce the 1st o f Sept., 1901,
8,371,894 bales, against 5,888,007 bales fo r the same period of
1900-1, sh ow ing an increase sin ce Sep. 1,1901, o f 483,887 bales.
T he M ovem en t

of the

F r id a y N ig h t , Feb. 28, 1902.
Some improvement has been made from the congested
condition o f traffic which prevailed a week ago. Daring
the current week, however, an interruption to telegraphic
Receipts at—
Wed. Thurt.
Hat.
Mon.
tr i.
Tut*.
Total.
comm unication resulting from a sleet storm, which did
much damage to wires, caused further delay in the Galveston........ 5,923 8,420 13,489 5,921 7,638 8,215 64,012
Bab. Pass, Ao.
788
788
full resumption of general business. The situation o f the
iron and steel markets has not changed materially New O rleans... 9,038 9,289 9,096 7,763 9,620 12,434 57,240
37
041
12
1,555
125
35
M ob ile..............
705
from that noted for some weeks past; business has con ­ Pensacola, Ac
915
915
tinued active and prices firm. Reflecting a weak and Savannah......... 2,050 2,159 2,184 2,245 2,688 3,522 15,448
lower hide market, prices for leather have yielded slightly,
......
Brnnsw’k.Ao.
645
645
4,463
892 1,212
616
382
916
445
with shoe manufacturers pursuing a hand-to m outh policy Charleston.......
......
2
2
Pt. R oyal.Ao.
in making purchases. In the cotton gooda trade the action
299
W ilm ington....
160
324
200
1,868
075
210
of the Fall R iver mills in deciding to advance wages has been
Wash’ton, Ao, .........
.........
.........
.........
.........
a factor, and reports from the South intimate that Southern N orfolk ........... .
0,760
380 1,593
444 2,675
768
900
......
693
693
manufacturers anticipate labor troubles. In speculative cir­ N’p’ t News, Ac. . . . . . .
......
1,696
400
444
27
184
215
426
cles prices for grain declined sharply at the opening o f the New Y o rk .......
414
5,220
210 2,959 1,307
330
week, follow ed by a recovery. The outlook fo r the grow ing B o s t o n .........
4,086
4,086
Baltim ore........
......
winter wheat-crop has continued fairly good.
356
74
150
127
5
Phlladel’ a, Ac..
Lard on the spot has had a more active sale, the Continent
156,847
33,602
21,306
35,950
Tot.
this
w
eek
22,318
23,158
20,013
being a free buyer, but it has been on a low er basis o f values,
w hich have weakened under a continued fu ll hog movement.
The fo llo w in g shows the w eek ’s to ta l receip ts, the to ta l since
The close was firmer at 9-70c. fo r prime W estern and
Sept.1,1901, and the stock to -n ig h t, com p a red w ith la sty e& i.
9% c. for prim e City. Refined lard has been easier, with
Stock.
1901-02.
1900-01.
trading m ore active at the lower prices. The close was firmer
Beetipt* to
at 9 80c. for refined fo r the Continent. Speculation in lard
This Since Sep. This S in et Sep.
Feb. 28.
1902.
1901.
fo r future delivery has been fairly active at low er prices.
w eek .
1 ,1 9 0 1 .
wee*.
1, 1900.
Longs have sold to liquidate their accounts. To-day the
G alveston... 54,612 1,795,452 30,722 1,616,246 157,499 191,689
m arket was higher on a smaller hog movement.

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

D A IL Y CLOSING P B I0 E 8 O F LAJBD F U TU R E S.

F eb ru a ry...........................

Sat. Mon.
Holiday. 9 62

Tut*.
9-60

Wed.
9-50

Tkurt. FrX
9-60
97

Sab. P., Ac.
788
54,477
New Orleans 57,240 1,863,367
M ob ile.........
1,555 145,941
P’saoola, Ac.
915 173,955
Savannah... 15,448 1,005,031
645 123,056
Br’ wlok.Ao.
Charleston..
4,463 246,764
2
1,535
P.Boyal.& o
1,868 259,677
Wilmington.
375
Wash’ n, Ao.
N orfolk .......
6,760 394,687
21.678
693
N*portN.,Ao
95,774
New Y ork ...
1,696
5,220
98,440
B oston .........
67,859
B altim ore. .
4,086
356
23,826
Philadel.Ac.

498
37,425
39,681 1,930,206
1,282 108,218
5,729 123,007
19,218 870,741
3,357
85,226
1,928 202,090
852
51
2,461 232,876
522
5,333 317,880
31,419
168
98,787
3,355
4,038 168,730
1,274
47,573
504
10,209

... ....

325,593
24,965

354,829
25,121

Pork has had a better sale in the local market but at low er
46,257
76,100
prices, closing at $15 75@16 50 fo r mess, $17@17 25 fo r fam
4,016
1,087
ily and $17 50@19 50 fo r short clear. Cut meats have had
9,671
8,386
only a small jobbin g sale, but prices have not changed from
..
6% @ 7c. for pickled shoulders, 93^@10}£c. fo r pickled hams
19,522
4,901
and 8J^@8J^c. for pickled bellies, 14@ l0-lbs. average. Beef
.... •.
has been in moderately active demand and steady at $9 50@
20,832
41,263
10 for me38, $10 25@11 for packet, $ ll@ 1 3 25 fo r fam ily and
606
$18 50@19 for extra India mess in tcs. Tallow has been
125,046 141,640
in limited supply and firmer, closing at 6 ^ @ 6 % c . Stearines
75,000
54,500
have had a better sale and prices quoted are lOJ^c. for lard
stearine and 9% c. for oleo stearine. Cotton seed oil has been
10,566
7,824
quiet. The close was steady at 41@413^c. fo r prime yellow .
2,816
2,160
Butter has been easier, closing at 18@27c. for creamery.
6,371,894 124,599 5,888,007
820,369 911,510
Totals.......
156,347
Cheese has had a fair sale at steady prices, closing at 7@12%c.
for State factory, fu ll cream. Fresh eggs have declined,
In order th a t com parison m ay be m ade w ith o th e r years,
closing at 29J^c. for choice W estern.
we g ive below the totals at lea d in g p orts fo r six seasons,
Brazil grades o f coffee have been unsettled. Early in the
1897.
1899.
1898.
1900.
1901.
week the tone was easy, but on better buying less free offer­ Receipts at— 1902.
ings and stronger foreign advices, there developed a better Galves’ n.A o.
30,774
24,172
24,266
15,161
81,220
55,499
undertone and there was a slight im provem ent in prices. New Orleans 57,240 39,681
28,724
57,092
29,424
50,795
The close was steady at 5% c. for R io N o. 7. W est India M obile_____
5,632
4,915
3,470
1,282
1,697
1,555
grow ths have had a moderate sale at steady prices, closing S a va n n a h ...
20,895
12,715
30,809
8,178
10,218
15,448
at 83^c. for good Cucuta. East India growths have been dull Ghae’ton, Ao.
6,333
3,453
1,517
9,791
1,979
4,097
and without changes. Speculation in the market fo r con­ Wllm’ton, Ac
2,374
1,413
761
2,461
1,769
1,403
tracts has been moderately aclive. Forced liquidation o f N orfolk ........
8,722
3,949
4,237
5,333
12,883
6,760
March contracts weakened prices early in the week, but a N. News, Ao.
287
682
455
1,255
108
693
recovery follow ed based on stronger foreien advices. The
18,787
24,308
23,703
13,765
All o th e rs ...
13,286
23,257
close was firmer on small crop estimates. F ollow ing are the
closing asked prices:
95,266
f o t . this w k. 156,347 124,599 157,686
91,128 150,717

March

M a y...
J u n e..

5-40o.
5-eoo.
5-70o.

July
Aug.
Sept

5-750. |O o t .................... 6 OOo.
5 ‘85o. I D e o ___ . . . . . . . 6 15e.
5‘ 95e. I J a n __________ 6 ’20a.

since Sept. 1 6371,894 5888,007 5506,026 7259,516 7519,177 6035,475

The exports fo r the week en d in g this even in g rea ch a total
R aw sugars have been in moderate demand, and w ith lim ­ of 144,872 bales, of w h ioh 60,296 were to Great B ritain, 8,811
ited offerings prices have been w ell maintained at 3% c. fo r to France and 75,572 to the rest o f th e C on tin en t. Below
centrifugals, 98-deg. test, and 33^c. for muscovado, 89-deg. are the exports fo r the w eek and sin ce Sept. 1. 1901.
test. Refined sugar has been quiet and easier, closing at
Wish E nding Feb, 88. 1(H)2
From Sept 1,1901, to Feb 28.1902
4-75@4-80c. for granulated. Other staple groceries have been
E xp orted to E x p o rted to —
BxporU
w ithout im portant changes.
f rom —
G r eet
C onti­ Total
Greai
C o n ti­
F renee
F rance
F etal
Business in the market for Kentucky tobacco has been
B rlt’n.
nent. W eek. B rita in .
n en t.
quiet, the weather checking trading; prices have been un­
14,333 32,949 779,838 293,605 404,147 1,477,590
changed and firm. Seed leaf tobacco has received only a G a lveston ....... 18,616
Pass, Ao.. ......
19,696
18,157
37,868
small amount of attention from buyers and sales made have Sab.
8,811 29,011 80,416 665,810 248,732 490,339 1.410.881
New O rleans.. 22,594
been unimportant. Prices have been quoted nominally steady. M obile............ ......
......
29.809
62,378
82,185
Straits tin advanced early in the week, but later weakened P en sa cola ....... ......
400
07,111 152.151
72,860 12,074
400
under easier foreign advices. The close was quiet at 25@ Savannah........ ......
25,227 25,227 201,844 48,845 401,467 711,660
25’250. Ingot copper has sold slowly, and the close was Brunswick . . ......
66,920
6,048
30,047 101,021
easy at 12}4 <®123^ c. for Lake. Lead has not changed from C h a rle sto n ..
.... . 6,023 05,206
6,023
69,214 134,420
4-1234c., closing quiet. Spelter has been steady at 4*25@ Port R o y a l .... ......
119,076
115,948 835,028
4 80c. Pig iron has been active and firm, closing at $14 75@ W U m lnjfton ...
18,001
2,100
15,961
N orfolk..........
18 25.
27,839
8,880
27,839
Refined petroleum has been unchanged, closing steady at Nf’ port N., Ao.. 2,880
9.916 240,008 18.082 149,399 403,024
8,870
1,240
7’20c. in bbls., 8 30c. in cases and 4-65c. in bulk. Naphtha N ew Y o r k ..
4,627 121,805
1,797 117,278
284
has been unchanged at 9'05c. Credit balances have been u n ­ B o s t o n ............ 1,618
80,160
69,104
ltlraore....
700
698
38,264
692
changed at $1 15. Spirits turpentine has weakened slightly, PHhaila
11,891
d elp h ia ..
8,802
9.089
99
99
closing dull at 4434^44^0. Rosins have been in moderate •tan Fran., Ao..
128.098
183,840
452
4,473
4,473
.........
demand and steady at $1 55@1 57*4 for comm on and good
T o t a l............ 60,298
8,811 75,785 144,872 9,491,112 622,786 2,003,008 5,117,801
strained. Hops have been firm but quiet. W ool has held
steady.
T otal. 1900-01. 48.077
9,763 70.862,126.682 2,201,147 614,639 1,785,704 4,451,650

THE

CHRONICLE

i? UTUKHi«.—H ig h e s t, low eat an d c lo s in g p rice s at N ew Y o r k

In a d d itio n tu A bove e x p o r t s , o u r te le g r a m s to -m g tit aisc
g iv e as th e fo llo w in g a m o u n ts o f c o t t o n on s h ip b o a rd , not
cleared , at th e p o rts n a m e d ,
W e a d d sim ila r fig u re s for
Maw v'ork, w h ioh are p re p a re d fo r o u r s p e cia l use b y M essrs.
L* a h « r f fc, B a rrow s, P r o d u c e E x c h a n g e B u ild in g ,

V*

ON suim ooil), MOT OLK4MBO FOB—
Feb,

28 at —

<3fer~ Other Uva*L&reat
B rita in &rfHce m a n y , F or‘gn w ite.

L ea v in g
ttock.

Total.

I

500 31,500
New Orleans* 10,000 4,000 8,000 9,000
Galveston— 15,715 8,950 20,485 7,223 6,374 68,747
1,000 6,000
Savannah*...
5,000
2,600
400 2,200
Charleston ...
8,000
8,000
Mobile*_____
........ » • . « . *
6,000
10,000
4,000
Norfolk.........
mmmmm+
2,000
New York ...
2,000
6,000
Other ports.
2,000 . . . . . . 4,000 . . . . . . .......
16,074
37,486
16,623
124,847
Total 1902.. 41,715 12,950

294,093
98,752
40,257
5,786
16,965
31,263
123,046
85,360

1

695,622

I

Total 1901.. 46,592 33 383 24,737 16,084 17,294 138,040
Total 1900., 79,212 29,889 ---- 87,645---- - 21,621 218,267

773,470
757,534

1

Estim ated- Returns missing on aocotmt of storm.
S fe cu fa tio n in co tto n fo r fu tu re d e liv e ry has been on a
m oderate scale o n ly , o u t-o f-to w n ord ers c o m in g in slo w ly ,
o w in g to p oor w ire se rv ice. T he tone o f the m ark et has been
u n s e ttle d , a lth ou g h fo r th e w e e k p rices sh o w a slig h t a d ­
van ce. It is rep orted th a t a con sid era b le q u a n tity o f co tto n
is on the w a y to N e w Y o r k fr o m the S outh to be delivered
on M arch co n tra cts. T end ers h a ve been fr e e ly issued d u rin g
th e w eek fo r th e d e liv e ry o f co tto n , b u t th e y have been w ell
taken ca re o f. T he m o v e m e n t o f the c r o p has con tin u ed on
a lib era l sca le, b ein g la rg er than fo r the sam e w eek last
year. M an y interests, h o w e v e r, b e lie v e th a t the present
c ro p has been m ark eted w ith u nusual ra p id ity and c la im
that a p o in t o f ex h a u stio n is b e in g ra p id ly ap p roa ch ed ; th ey
also an ticip ate a m u ch sm aller c r o p m ov em en t d a r in g the
co m in g m on th . E x p o rts h ave con tin u ed lib era l a n d are n ow
a b ou t 700,000 bales in excess o f those fo r th e sam e p eriod
last year. R e p o rts fr o m th e co tto n g o o d s trade here an d in
E u ro p e h a v e been o f a fa v o ra b le c o n d itio n o f business. A d vices fr o m F all R iv e r re p o rt th at m a n u fa ctu rers have agreed
to ad v an ce w a g es. T o -d a y the op en in g w a s at a slig h t a d va n ce
on b etter ad v ices fr o m L iv e rp o o l than exp ected , and d u rin g
the d a y p rices m ade an a d d ition a l ga in on lim ited b a y in g ,
stim u la ted b y sm a ll estim ated re ce ip ts fo r S aturday, T he
close w as firm at a n et ga in fo r th e d a y o f 10@13 p oin ts. Cot­
ton on th e sp ot has been qu iet, c lo s in g at 8 13-16e, fo r m id ­
d lin g uplands.

The rates on and off middling, as established Nov. 20,1901,
by the Revision Committee, at which grades other than
middling may be delivered on oontraot, are as follows.
Pair.......... ............ ........ e. 1T4 on
Middling Pair. . . . . . . . .. ... 0-80 on
Strict Good Middling........0-50 on
Good Middling................ 0 32 on
Strict Low Middling....... 0*14 off
Low Middling...... ..............0-38 off
Strict Good Ordinary..... 0'72 off
Good Ordinary........ .
1*00 off

[VOL. LXXIV.

Even
Good Middling Tinged__
Strict Good Mid. Tlnged.c. 0*20 on
Strict Middling Tinged__ 0*06 off
Middling Tinged................ 0*12 off
Strict Low Mid. Tinged... 0*34 off
Middling Stained.............0*50 oft
Strict Low Mid. Stained... 1*06 off
Low Middling Stained......1*50 off

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T he V isible Supply op Cotton to -n ig h t , as m a d e up b y
ca b le an d te le g ra p h , is as fo llo w s . F oreig n sto ck s, as w e ll
as th e a floa t, a re th is w e e k ’s retu rn s, and con seq u en tly all
foreig n fig u res a re b r o u g h t d o w n to T h u rsd a y ev e n in g ,
B ut t o m a k e th e to t a l th e c o m p le te figures f o r to -n ig h t
(F eb , 28), w e add th e ite m o f e x p o r ts fr o m th e U n ited S tates,
In clu d in g in it th e e x p o r ts o f F rid a y o n ly ,
1902.

1901.

1900.

1899.

On this basis the official prices for a few of the grades for Stock at Liverpool___ .bales. 1,107,000 726,000 630,000 1,785,000
Stock at London_____ . . . . . . .
6,000 n ,000
3,000
10,000
the past week-—Feb. 22 to Feb. 28— would be as follows.
UPLANDS.

S*t. M o n TE®8 W e d Thu

F rl

Good Ordinary... . . . . . . . . ____
7-75 7*75 7*75 7*75 7*81
w
o
Low Middling.™..._____ ....
8-37 8'37 8-37 8'37 8 43
Middling.................................
s
8%
8%
8%
8%
813ie
Good Middling,..... ..................
9*07 9'07 907 9 07 9*13
Middling F a ir..................
9-55 9*55 9*55 9-55 9*61
GULF.
Sat. M on T i e s W ed T h . F r l.
Good O r d in a ry .............__ ' W
Low Middling.™ . . . . . . . . . . .... ©

8*00

tfiddliH§a>esef asccefl oaamam aaaaoo
Good Middling....... . . . . . . . . . . 3
Middling Fair.. . . . . . . . . . . . . . . . . ; wv

9*32
9*80

STAINED.

8*62

9

8*00
8-63

9
9-32

9-80

8*00
8-62

9

9-32
9-80

8*00

8*62
9

9*32
9*80

8*06

8'68
9Hs

9 38

9*86

Sat. M on T n e s W ed T k . F r l.

Low M i d d l in g . . . . . . . . . . .

LlSld&Xing, . •••» BOSSMaoBflBBsssaas Holl*
Strict Low Middling Tinged,.. day.
Good Middling Tinged— .....

7-25
8*25
8'41
8-75

7*25
8*25
8-41
8-75

7*25
8*25
8*41
8*75

7*25
8*25
8*41
8*75

7*31
8*31
8*47
8*81

T he q u o ta tio n s fo r m id d lin g u p la n d a t N e w York on
F eb. 28 fo r ea ch o f th e past 32 y ea rs h a v e b een as fo llo w s
1902.. ,.e. 81316 1894.. ..0. 71% 1886.. ..C. 81S161878.. ..0.10*8
1893........ 9316 1 8 8 5 .. . . . . m 181877.. ....1238
1901..
9_%
1900..
1876....... 12%
9-ue 1892.. .=.. 7iia 1884........10*8

1899..
1898..
1897..
1896..
1895..

SIS
59ta

1883........10S16
1891.. .=.. 9
1890.. ..=.115ia 1882........llU ie
1589.. .„..103 16 1881........119is
1880.. ....13116
1888.. . . . . 101.
9i316
1887........ 8016 1879.
MABKET AND SALES.

1875.. ....16%
1874.. ....1 6
1873....... 20%
1872...... . 22 %
1871.. . ...15%

Total Great Britain stock. 1,113,000 737.000 633,000 1,795,000
19.000
20,000
15.000
Stock at Hamburg............... 9,000
Stock at Bremen...... .
243,000 219.000 248.000 441.000
3.000
2,000
Stock at Amsterdam..........
........
200
200
"206
Stock at Rotterdam...... ........................
3 000
11,000
4.000
Stock at Antwerp. . . . . . . . . . . . .
3,000
Stock at Havre........ ............ 229,000 169.000 261.000 353.000
3.000
4.000
4.000
Stock at Marseilles..... . . . . . . .
2,000
67.000
75.000
56.000
Stock at B a rce lo n a ............ 96,000
61.000
45.000
34.000
Stock at Genoa.............. .
35,000
3.000
13,000
5.000
Stock at Trieste— ............. .
2,000
Total Continental stocks..
619,000 506,200 659,200 973,200
Total European stocks.... 1,732,000 1,243,2001,292,200 2,768,200
India ootton afloat for Europe
79,000 120,000
25,000 117,000
Amer. ootton afloat for E’rope.
470,000 368,000 569,000 442,000
Egypt, Brazil,&e.,aflt.forEfpe
48,000 29,000
38,000 40,000
Stock m Alexandria, Egypt...
252,000 186,000 200,000 273,000
Stock In Bombay, In d ia .......
540,000 479,000 851,000 500,000
Stock In United States ports..
820,369 911,510 975,801 795,928
Stock in U. 8. Interior towns..
537,706 683,597 481,313 458,441
United States exports to-day..
13,990 27,583
20,249 28,759
Total Visible supply.......4,488,065 4,047,890 3,952,563 5,416,326
Of the above, totals of American and other descriptions are as follows:
American—
Liverpool stock ..... ....bales. 1,014,000 641.000 520.000 1,66S,00G
Continental stocks...... ... ... 587,000 460.000 632.000 924,000
American afloat for Europe... 470,000 368.000 569.000 442,000
United States stock............. 820,369 911,510 975,801 795,926
United States interior stocks. 537,706 683,597 481,313 453 441
20,249
36.759
27,583
United States exports to-day.. 13,990
Total A m erican......... ..3,443,065 8,091,690 S,19S,363 4,310,138
Mast I n d ia n , B ra sil, tSc.

85.000 110,000 117.000
Liverpool stock... . . . . . . . . . . . . . . 93,000
10,000
3,000
11.000
London s to ck ................
6.000
49,200
27,300
The total sales of cotton on thespoteach day during the Continental sto ck s..... . . . . . . . 32,000 46,300
25.000 117.000
week are indicated in the following statement. For the India afloat for Europe. . . . . . . 79.000 120,000
40,000
38.000
39,000
Egypt, Brasil, &e., afloat...... 43,000
convenience of the reader we also add columns which show Stock
in Alexandria, Egypt... 252,000 186,000 200,000 273.000
at a glance how the market for spots and futures closed on Stock in Bombay, India.... ... 540,000 479,000 S51,000 500.000
same days.
Total East India, &0..___ 1,043,000 936,200 754,200 1.106.200
Total .American............3,443,065 3,091,690 3,108,363 4.910,1.6
sales o r Spot & Contract .
.4,488,065 4,047,890 8,952,563 5,418.336
Total visible supply.......4,488,065
F utures
Spot Market
5%d.
5%il.
SYssdMarket
Middling Upland, Liverpool..
4%d.
Closed .
Ex­
OonC on­
9 Ho.
9%«0,
Closed .
Middling Upland, New York.. 8i%flo.
p o r t, rum p. tract. Total.
%
8
%d.
7i H«d.
Egypt Good Brown, Liverpool
6 *sd.
6%A
7%d.
Feruv, Rough Good, Liverpool
7d.
7Had.
Saturday..
.. Holl day...
5%d.
5%d.
Broach Fine, Liverpool.......
4»i«d.
Monday'... Quiet at lie dec. B’rly steady.
5Lad.
8 Ua*d.
5d.
4%d.
600 Tlnnevelly Good, Liverpool...
Tuesday... Quiet____ ____ Steady......
600
Wednesday Quiet...... .
Steady......
580
530
gar Continental imports past week have boon U8,000 baitvi.
Thursday.. Quiet........... . Quiet & st’dy
44
*44
The above figures indicate an increase in 1902 o f 4 10,175
Friday,__ Quiet at lie adv. Firm ......... .
200
99
299
Total......

>m»m»ewa*>Ki

530

743

200

1,478

bales as compared with same date o f 1901, a g a in
bales over I IKK) and a decline of 918,SOI bales from

o f 585,509
1899

THE CHRONICLE

M a r c h 1, 1902.]

A t t h e I n t e r i o r T o w n s the m ovem ent— that Is the receipts
for the w eek and since Septem ber 1, th e shipm ents fo r the
w eek and the stocks to -n ig h t, and the same Items fo r the
oorrespondlng p eriod o f 1900-01 —is set o u t in detail b elow .

Q u o t a t i o n s f o r M i d d l i n g C o t t o n j( t O t h e r M a r k e t s ,—
B e l o w a r e closin g quotations o f m id d lin g co tto n a t Southern

a n d o t h e r principal c o tto n m arkets for each day o f the week.
G L O B IN G Q U O T A T I O N S F O R

Feb. 28.

H obo

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G alveston...
New Orleans
M obtle.........
Savannah...
C harleston..
Wilmington.
N orfolk .......
B oston .........
B altim ore. .
Philadelphia
A u gu sta ___
Memphis___
8t. L ou is___
H ou ston ___
Cincinnati ..
Little Rook.

6

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The a Dove tota ls sh o w th a t th e in te r io r sto ck s have d e­
creased durin g the w eek 34,588 bales, and are to -n ig h t 145,881
bales less than at sam e p eriod last y e a r. T he receip ts at all
tow ns h ave been 34,813 bales m ore than sam e w eek la st year.

©

Over la n d M ovem ent

for the

W

eek and

S i n c e S e p t . 1 ,—

W e g iv e b elow a statem ent sh ow in g th e ov erla n d m ovem en t
for the w eek and sin ce Sept. 1, as m ade up fr o m tele g ra p h ic
reports F riday n ig h t.
T he results fo r th e w eek ending
Feb. 28 and sin ce Sept. 1 in the last tw o years are as follow s.
1901-1902.
F ebruary 28.
W eek.
Skipped—
V ia 8 t. L o u i e . _______ ____
28,140
V ia C a i r o . . . ...........
......
9,279
V ia Padnn&h_________ _
300
V ia R o o k l e l a n d . _____ . . . . . . . . . .
5,533
Via L o u is v ilie .__ . . . . . . ------------1,562
V ia C in c in n a ti_________________
9,362
V ia other routes, A c ________ . . . .
T ota l gross o v e r la n d ...... . . . . .
D educt ehipm ente—
O verland t o Bf. Y ., B o s t o n , A c ..
B etw een in t e r io r t o w n s ...........
I n la n d , A o .,I r o m South........ —
T o ta l t o be d e d u o t e d ....^ ^ ...

Since
Sept. 1.

1900-1901.
Fee*.

644,763 15,380
3,885
104,027
174
250
29,656
2,291
149,381
3,114
74,824
9,384
292,154

54,176 1,294,969

Sine*
Sept. 1.
719,865
186,476
5,799
51,048
109,629
75,069
228,616

34,304 1,376,502

11,368
1,975
1,306

285,899 14,171
1,557
48,231
3,072
32,749

331,299
91,473
39,784

14,639

366,879

18,800

462,556

L e a v in g t o t a l n e t o v e r la n d * .. 39,537 928,090 15,504 913,946
* In cluding m ovem en t b y rail to Canada.
T h e f o r e g o i n g s h o w s t h e w e e k ’s n e t o v e r l a n d m o v e m e n t
t h is y e a r h a s b e e n 39,537 b a le s , a g a in s t 15,504 b a le s f o r th e
w e e k in 1901, 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
o v e r la n d e x h i b i t s a n in c r e a s e o v e r a y e a r a g o o f 14,144 b a le s ,
1901-1902.
/ n Might an d S p in n er» ’
Talclngt.

,

F ee*.

Since
Sept. 1.

1900-1901.
Feek.

Satur.

m
pi
v>
VI

Since
Sept, 1.

R eceip ts at ports to Feb. 2 8 ........... 156,347 6,371,894 124,599 5,888,007
Met overla n d to Feb. 2 8 . . . . . . . . . . . . 39,537 928,090 15,504 913,946
Southern consum ption to Feb. 28. 37,000 916,000 33,000 801,000
T o ta l m a rk eted ____ . . . . . . . ___ 232, Sa4 8,215,984 173,103 7,602,953
in te rio r s to ck s In e x c e s s . . . . . . . . . . *34,638 408,401 *12,926 638,970
160,177
Came In to sigh t du rin g w eek. 198,346
8,241,923
8,624,385
T o ta l In sigh t Feb. 28...............
S o rth ’n spin ners tak ’ gs to Feb. 28 86,034 1,599,895 37,453 1,484,885
* D ecrease during week.
M o v e m e n t i n t o s ig h t in p r e v io u s y e a r s .
Bales.
Since Sept. 1
Balee.
Week—
1900—Mar. 2.......... ......... 160,076 1899 00—Mar. 2.......
189 8-9 9 -M ar. 3.......
1899—Mar. 3..........
9,544,934
1897 98—Mar. 4......
1898—Mar. 4 ..........
7,532,819
1897—Mar. 5........... ......... 108,085 1896-97-M ar. 5 .......

M ID D L IN G C O T T O N ON

Mon.

Tuee.

WtdncH.

Thure.

Fri.

8 6ia
63ie
Hi*
814
8i*
- - ...
87;a
8I916
83i
9
8i*
8i*
8<510
87lfl
8%
8

85,«
8aia
8*4
8*4
814
„ _ „ „„
8716
8%
8%
9
87ia
8*4
81*
87!0
8%
7 7e

85ia
83ib
8;)i0
814
8*4
8*4
87i0
8 St
83t
9
87ie
84
84
85i0
8^8
7 78

83,e
83ie
83ie
84
84
84
87i0
84
84
9
87i«
84
84
8r*i0
830
7 7e

86ie
83ia
84
84
84
84
87i0
84
84
91l«
87ie
84
84
8Bia
830
7 78

S o u th e rn m a rk e ts w e r e as fo llo w s .
Athens..............
8*2
Columbus, Miss
A tla n ta ............. mmmmmm E u fa u la .............
C h arlotte.........
L ou lsvlU e........
84
Columbus, G a.
M on tgom ery...

(f ^ 0 5 ^ ^ I^ C ^ C 0 O C ^ C 5 O »M

cou»cototocDoo'jio-^oocO“J to
oo cop»j>ojx>®
o V V V V b o c n ^ 'o 6 ^ o 'b '«V od Ob *J05 c* oo c* u » c d © o d c o c o © © ^ j c c o ©
©XKrJCrXICDMMOF—t005Q0fXO»O00CT»CCMC0ioC0CC|tOM05C0<lt0W
l^®Mrf^CO©COiB*^0O<I^-O5O5O5C0MM^^-^3IW*vltOCDO5iy,ODO500M
to

487

74
84
84

N ashvU le.........
N a toh e*...........
R a le ig h ............
S h reveport___

84
8
85le

W eather R eports b y T e l e g r a p h .—In consequence o f in ­
terru ption to telegraphic com m un ication by the storm , a num ­
ber o f our telegram s have failed to reach us this evening. So
far as received our advices indicate that the w eather has been
u nfavorable during the w eek over m uch o f the cotton belt.
R ain has been qu ite general, w ith the precipitation rather
heavy at som e points. T he tem perature has been high er as a
rule.
Galveston, T exa s.—It has rained on tw o days o f the w eek,
the precipitation reach in g fo rty -fo u r hundredths o f an in ch .
The therm om eter has ranged fro m 48 to 72, averaging 60.
M onth’ s rainfall, one inch and seventy hundredths.
Palestine, Texas.— Rain has fallen on tw o days o f the w eek,
to the extent o f one in ch and th irty -tw o hundredths. A v e r ­
age therm om eter 55, highest 68, low est 42. M onth’s rain fall,
one inch and eighty hundredths.
San A n ton io, T exas.— D ry all the w eek. A verag e th er­
mom eter 60, highest 84, low est 42. F ebruary ra in fall fiftyone hundredths o f an inch.
Corpus C hristi, T exas.— W e have had no rain d arin g the
week. The therm om eter has averaged 66, the highest being
82 and the low est 50. M onth’s rain fall ninety-seven h un ­
dredths o f an inch.
F o rt W orth , Texas, —The w eek’s rainfall has been fourteen
hundredths o f an in ch , on tw o days. The therm om eter has
averaged 53, ranging from 38 to 68. M on th ’s rain fall th irtyfive hundredths o f an inch.
Shreveport, L ouisian a.—There has been rain on fou r days
o f the w eek, to the extent o f one in ch and seventy one hun­
dredths.
Columbus, M ississippi,—W e have had rain on fou r days
during the week, the precipitation bein g tw o inches and
thirty-five hundredths. The therm om eter has averaged 45,
the highest being 60 and the low est 30.
Leland, M ississippi.—T he w eek’s rainfall has been fo rty
hundredths o f an inch. The therm om eter has averaged 43-6,
ranging from 26 to 60.
•
Helena, A rkansas.—There has been rain on one day o f the
week, to the extent o f forty-six hundredths o f an inch, The
thermometer has averaged 48, ranging fro m 26 to 69.
L ittle B ock, A rkansas.— W e have had rain on tw o days
during the w eek, the precipitation being sixty-six hundredths
o f an inch. The therm om eter has averaged 47, the highest
being 65 and the low est 26.
Nashville, Tennessee.—There has been rain during the
week, to the extent o f seventy hundredths o f an inch. A v e r­
age thermometer. 43, highest 60 and low est 26.
Selma, A labam a,—W e have had rain on fou r days o f
the w eek, the precipitation reaching three inches and‘seventy
hundredths. The therm om eter has ranged fro m 38 to 70,
averaging 54.
M ontgom ery, Alabam a.— The w eek’s rainfall has been five
inches and sixty-six hundredths on three days. R ivers are
overflow ing.
Augusta, G eorgia.—The w eek’s rainfall has been one inch
and fifty-eigh t hundredths, on three days. The therm om eter
has averaged 51, ranging fro m 34 to 70.
Charleston, South C arolin a ,—It has rained on five days o f
the week, the precipitation reaching one inch and ten h un ­
dredths. The therm om eter has ranged, from 40 to 65, aver­
aging 50.
Stateburg, South Carolina,— Rain has fallen on six days of
the week. Tem perature is n ow m oderating. A verage th er­
mometer 49'3, highest 68, low est 31.
Charlotte, N orth C arolina,—There lias been rain during
the week to the extent o f one inch and ninety nine hun­
dredths. A verage therm om eter 49, highest 69 and low est 29.
Greenwood, South C arolin a.— W e have had rain on three
days o f the week, the precipitation reaching one inch and
fifty-seven hundredths. The therm om eter has ranged from
84 to 54, averaging 44.

[V ol . LX X IV .

THE CHRONICLE
I n d ia Uo tt o n m o v e m e n t m o m a l l f o n t s . —The reoelpt
of cotton At Bombay and the shipments from all India port
for the week ending Feb. 27, and for the season from Sept. 1
to Feb, 37 for three years have been as follows:
1901-02
Uee s ip is at-

S in es
Sent. 1

W eek.

B om bay........

S in e*
S ept. 1.

W eek

116,000 1,297,000 72,000

B om bay—
1901 0 2 ..
1900-01..
1899 00,
Calcutta—
1901-02.,
1900-01..
1 8 9 a -0 0 ,.
M a d ra s1901-02
1900-01
I ft99-00
A ll others—
1901-02 .
1900-01
1899 0 0 ..
T ota l all—
1901 0 2 ..
1900-01..
1899-00..

Great
B rita in .

1 COO

1,000
«—

A l e x a n d r ia

S in e*
Sept. 1.

W eek,

27,000

936,000

So r Iks Week.
/r o w —

1899 1900.

1900 01,

643,000

Since Septem ber l .

Ooniineat.

Total,

15,000
6,000
7,000

16,000
6,000
7,000

3,000

OontiHem.

(treat
B r ita in .

fa t a l,

l.o o o
36,000

171,000
275,000
86,000

172,000
310,000
36,000

4 ,COO

1,000
3,000
1,000

8,000
11,000
7,000

9,000
14,000
8,000

l 000
1,C00

3,000
1,000

1,000
7,000
1,000

4,000
10,000
2,000

5,000
17,000
3,000

1,000
1,000
6,000

1,000
1,000
6,000

1,000
8,000

41.000
32,000
18,000

42,000
40,000
18,000

17,000
11,000
13,000

17,000
12,000
13,000

4,000
53,000
2,000

224,000
328,000
63,000

228,000
381,000
65,000

and

S hipments

......

R e c e ip t s

of

C otton

Through arrangements we made with Messrs. Davis,
Benaohl & Co., of Liverpool and A lexandria, we now
reoelve a weekly cable of the m ovem ents o f cotton at
Alexandria, Egypt. The follow ing are the reoeipts and
shipments for the past week and for the corresponding
week of the previous tw o years,
A lex a n d ria . B a w l ,
F ebruary 26.
R eceipts (ea n ta rs*)...
This w e e k . .. .. ... ., ,.
Since Sept. 1 .............

1900-01.

160,000
5,865,000

95,000
4,152,000

This
week.
E xp orts (b a les)—
T o L iv e r p o o l.. . . ___
T o C o n t i n e n t ! .. .. .,

1899-1900

1801-02.

Since
Sept. 1.

3.000 231.000
8.000 321.000

Thit
week.

120,000
5,923,000

Since
Sept. 1.

This
week.

Since
Sept. 1

3.000 216,000 7,000 317.000
5.000 175,000 10,000 300.000

T o ta l E u r o p e ....... 11,000 552,000 8,000 391,000 17,000 617,000
* A o a n t a r is 98 p ou n d s.
t Of w h ich to A m e rica in 1 9 0 1 -0 2 ,6 8 ,7 2 4 h a les; in 1900-01. 32,275
b a les; in 1899-1900, 61,441 b a le s .

River of an increase In wages of 0 per cent, to go into effect
April 7. This action on the part of the Association was fol­
lowed on Thursday by Mr. Borden announcing an advance of
10 per cent in the Fall River Iron Works Company mills,
beginning March 17, It is now reported that the Weavers’
Progressive Association has voted unanimously to ask of the
Manufacturers' Association an advance of 10 per. cent to
date from March 17 in lieu of the 6 per cent offered.
Shipping n e w s —A s shown on a previous page, the
exports of cotton from the United States the past week have
reached 144,873 bales, The shipments In detail, as made up
from mall and telegraphic returns, are as follows:
Fotml M e t .
Ne w Y o b k —T o L iv e rp o o l, per steam er Georgia, 7,970 upland
and 700 Sea Island, ................................................. ..............
8,670
T o A ntw erp, per steam er Friesland, 100..... ...................
100
To Genoa, per steam er Kalserla Marla Theresa, 5 0 ___ . . . . .
50
To Naples, per steam er Kaiserln M arla Theresa, 2 98 ...........
298
To Trieste, per steam er Poeasset, 4 0 0.........................
400
To Venice, per steam er Poeasse.t 398 ......
398
N e w O elbans -T o L iverp ool—Feb. 24—-Steamer H ogarth, 150
___Feb. 25—Steamer A lexandrian. 10,000 ........................... 10,150
To M anchester—Feb. 22—Steamer M anchester E xchange,
I t . I l l ........................................................................ ..................... 11,111
To H avre -Feb. 2 2 -S te a m e r Parahyba, 6 ,7 1 8
Feb. 25—
Steamer Ovono, 2 ,0 9 3....... ............................................... .
8,811
To London—Feb. v 8 -8 te a m e r Jam aican. 1 ,383 .......... . .........
1,333
To B rem en—Feb. 26—Steamer Elswiok Manor, 7 ,0 0 0 ........... 7,000
T o H a m b u rg -F e b . 22—Steamer Hoercte, 2 ,9 1 9 ....F e b . 2 6 Steamer Elsw iok Manor, 1,310................................................
4,229
To A ntw erp —Feb 25—Steamer Ogono, 2.700___Feb. 2 6 Steamer Ruperra. 1,480..........
4,180
To B a rcelon a—Feb. 21—Steamer B erenguer el Grande,
2 ,498...........................
2,498
To Genoa—Feb. 21—Steamer Berenguer el Grande, 8,409
....F e b . 25—Steamer Dunnam are, 3 , 6 9 5 . . . . . . . . . . .............. 10,104
To Vera Grass—Feb. 2 1 —Steamer Hugtn, 1 ,0 0 0 ............ .........
1,000
G alveston —T o L iverp ool—Feb. 24—Steamer Bernard H all,
5 ,3 7 8 ....F e b . 25—Steamer Ikbat, 1 8 ,2 3 8 ............................ 18,616
T o Bremen—Feb. 25—Steamer Oriel, 8,278 ...................
8,278
To B arcelona—Feb. 26—Steamer Enero, 3 .425
...............
3,425
To G en oa—Feb. 2 6 —Steamer Enero, 2,130............... .............. 2,130
500
To Vera C r u z -F e b . 2 2 —Steamer Norm andie, 500................
F eb n a n d in a —T o H am burg—Feb. 27 -S t e a m e r -----— , 4 0 0 ...
400
savannah —To Brem en—Feb. 25—Str. Drachenfels, 1 8 ,9 6 7 ....
Feb. 2 7 - Steamer D rottnlng Sophia, 5,910....................... . 24,877
To H am burg—Feb. 2 5 —Steamer Drachenfels, 3 5 0 ___. . . . .
350
Oh ableston —To L iverpool—Feb. 21—Steamer B aron Androssan, 5,380 upland and 6 i3 Sea Isla n d .................................... 6,023
Ne w po rt N ew s —To L iv erp ool—Feb 22—Str. R apidan, 2 ,880. 2 ,8 8 0
Boston —T o L iverpool—Feb 19—Steamer Norsemau, 1 ,5 1 3 ....
1,518
To Y arm ou th —Feb. 2 2 —Steamer Boston, 2 8 4 .........................
284
u a ltim o be —To H am burg—Feb. 22—Steamer Nubia, 6 92 ..........
692
P h il a d e l p h ia —T o H am burg - Feb. 26 —Steamer A ssyria, 9 9 ..
99
Hah F bancisoo —T o ja p a n —Feb. 2 5 —Str, Nippon Maru, 1,150 1,150
S ea ttle -To Japan—Feb. 26 —Steamer Kinahiu Mara, 1 ,0 9 0 .. 1,090
P o k t la n d , O k e .—T o Japan —Feb. 27—Str. In dravelli, 2 ,2 3 3 ... 2,233
T o ta l........................................... .......................... ............................ 144,872

The particulars of the foregoing shipments, arranged in
our usual form, are as follows.
G reat F ren ch

Q er- , - O th .B ’ r o p e -> M e x ic o ,

M anohestkb Ma r k e t .— Our report received by c^ble
iic. J a p a n . Tolai,
B rit’ n . p o r ts . m a n y . N o r th . S o u th .
to-night from Manchester states that the market is quiet New Y o r k . 8,670
100 1,146 ..........................
9 ,9 1 6
811 11,229 4,180 12,602 1,000 . . . . . . 60,416
for yarns and firm for shirtings. The demand for yarn is N. O rleans 22,594
G alveston . 18,616
.. 8,278 .........
5,555 500
32,949
poor. We give the prices for to-day below and leave chose Fernana’
400 ___ _
a ...............
......
......
4C0
for previous weeks of this and last year for comparison.
savan nah ...............
25,227
.. 25,227 .................................................
1901.

8 *4 lbs. Shirt­ Oott’ n
8*4 lbs. Shirt­ Oott’n
32s Cop. ings, common Mid. 87s Oop. ings, common Mid
Twist.
Twist.
Uplds
'Uplds
to finest.
to finest.
d.
d, s.
Jn. 24 6 7s ®7»a 5
« 31 6151697% 5
Feb, 7 6*516» 7 % 5
^ 7 *^ 6 5
“ 14 7
“ 21 V ® 7 is 16 5
7
©71S16 5
“ 28

d.
s. d.
1 ® 7 10
1*2®7 10*9
1*3197 10*3
2 197 10*3
2 ® 7 10*s
2 ® 7 10**

d.
d.
d.
4*3 8*3 '®938
4*3 8 '* i0 »9 ss
4®16 8*9 19038
4**10 838 ®9*4
42*sa 830 #9*4
4% 8516©9*3

s.
5
5
5
5
5
5

d.
8.
6 ®8
6 ®8
6 ®8
5*s®8
5*s@8
5 ®8

d.
1*3
l*s
3
3
3
3

d.
5*s
5*3S3
5*bS2
5*302
5510
5*4

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 M c h . 1.

C harleston 6,023
N’p ’ t New s 2,880
B o s t o n ....
1,513
B altim ore...............
Pkil’delD’ a . . . . . .
San F r a n .................
Seattle-....................
P ortl’ d.O r. ____

692
99

T o t a l.... 60,296

8,811 45,925

Gross overland fo r F ebruary.........bales.
G ross overland fo r 6 m onths.....................
N et overland fo r F ebruary....... ................
Net overland fo r 6 m onths....... .
P ort reoeipts In F ebruary.............. .
P ort receipts In 6 m onths....... ......... .
E xp orts in F ebru ary....... ..........................
E xp orts in 6 months................. .................
P ort stocks on February 2 8 .................. ..
Northern spinners’ takings to M c h . 1 ....
Southern spinners’ takings to M c h . 1 ___
Overland to Canada fo r 6 m onths (ineluded in net ov erla n d )............ ..
Burnt North and South in 6 m onths.___
Stock at North’n interior markets Moli.X
Came in sight during F e b ru a ry ._______ _
A m ount o f crop in sight M a r c h l t. . . ____
Came in sight balance sea son .. . . . . . . . . . . .
T otal orop ___ _______ ___ _____ . . . . . . . . . . .
A verage w eight o f bales .............. .

1900-01.

1899-00

176,798
1,294,969
134,502
928,090
587,683
6,371,894
583,540
5,117,801
820,369
1,599,895
916,000

151,894
1,373,745
79,605
913,661
515,289
5,869,144
471,435
4,423,967
921,268
1,483,125
797,000

181,683
1,437,367
124,350
1,084,591
769,637
5,471,541
718,795
4,049,734
990,139
1,877,428
751,000

60,104
73,208
91,213
5,578
10
14,872
16,035
8,227
13,119
74.8,822 653,894 800,987
8,624,385 8,219,803 7,562,132
2,205,336 1,877,427
10425141 9,439,55a
503-75
503-51
511-46

N e w E n g l a n d C o tt o n M i l l s — A d v a n c e in W a g e s a t
F a l l R i v e r .— Notices were posted on Wednesday in the

mills embraced in the Manufacturers’ Association at Fall

6,023
2 ,880
1,797
692

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

......
1,150

99
1,150

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

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

1,090
2,233

1,090
2,233

4,280 19,303

4,473 144,872

1,784

Exports to Japan since Sept. 1 have been 122,651 bales from
the Pacific Coast.
Cotton freights at New York the past week have been
as. follows.

—In consequence of the crowded condition of our columns
this week, we omit giving the usual extensive details of the
overland movement, Below, however, we present a synopsi s Liverpool, Apr. 5.e.
for the month of February and the six months ended Manchester, ask.e.
Feb. 38 for three years.
Havre.................. e.
1901-02.

......................................
. . . . . . . . . . . . ..........................
........................
2 8 4 ..........
......
.

1902

Satur.

9
, a
■
J ■
■|
Bremen.........„ . . e .
H
H am bu rg.......... c .
____ w
Ghent.........
Em
Antwerp............ .e.

Reval, via H ull..e.
Reval, via Canal.c.
St. Petersburg.. .e.
Barcelona........... c.
G e n o a ................ e.
T rieste............... e.

•
•

Mon.
12*9
15
18
17*fi
17*©
18
12
26
32

9

<

Tues,
12*9
15
18
17*9
17*9
18
12
26
32

Wednes. Thun.
12*9
15
18
17*9
17*9
18

12
26
32

12*9
15
18
17*9
17*9
18
12
26
32

FH.
12*®
15
18
17*9
17*9
18
12
26
32

■■

27
27
27
27
27
16-17*3 16-17*9 16-17*9 16-17*9 16-17*8
1
28
28
28
28
28
Quotations are cents per 100 lbs.
9

L i v e r p o o l . —By cable from Liverpool we have the f o l l o w *
ingstatement of the week’s sales, stocks, A c ., at that port,
Feb. 7.

Feb. 14,

Feb. 21,

Feb, 28.

sales o f th e w e e k ...__ .b a le s .
41,000
46,000
40,000
43,000
Of w hich ex p o rte rs t o o k ...
500
600
1.100
1,000
Of w h ich sp ecu la tors to o k .
•»«««»
800
900
1,500
Sales A m erica n — . . . . . . . . . . .
37,000
86,000
41,000
37,000
10,000
Actual e x p o r t ........ .
8,000
1,000
6,000
99,000
F orw ard ed .....................
62,000
78,000
67,000
Total stock—E stim ated.. . . . . . 1,040,000 1,054,000 1,113,000 1,107,000
O f w h ich A m erican —E s t'd . 946,000
958,000 999,000 1,014,000
103,000
Total im p ort o f the w e e k .....
118,000
93,000 183,000
95,000
Of w hich A m e r i c a n .........
103,000
99,000
78,000
194,000
Am ount a f l o a t . . . . . . . . . . . . . . . .
204,000
244,000 243,000
Of which A m erican ...... ........ 219,000 211.000 178,006 t 71 .OOP

March

THE CHRONICLE

1, 1902.J

The ton e o f the L iv erp o o l m arket for spots and f u t u r e *
eaoh day o f the w eek en d in g Feb. 28 and the d a ily closin g
prioes o f spot o o tto n , h ave been as fo llo w s .
S p o t.

S aV day.

M o n d a y . T u e td a y . W ed ’ d a y . T h u r td ’y

M arket, { In buyers
B arely
su p p orted
fa v o r .
p. m . \

Easier.

1 2 :3 0

M id. U pl’ ds.

421 82

42183

B a l e s . _______

4,000
400

7 ,0 0 0
500

S p e c .* exp.
fu tu r e * .

u ie t a t
M arket \ Q1-04
de­
opened. $
clin e.

M arket, l
4 P. M .
J

D u ll lit
H @ 1 pt.
d e clin e .

F r id a y .

M od era te Q u ie t and
s toad y.
d em an d .

40s

6 ,0 0 0
300

E asier.

430

* al82

* 2132

8 ,000
500

8 ,0 0 0
500

7.000
500

Q u ie t.

S tea d y at Q u iet at
1-04 d e 1-04 © 2-64
ad va n oe.
olln e.

Quiet, at
p a rtia lly
i-0 4 a d v .

Q nlot at
1-04 d e ­
c lin e .

S te a d y .

S teady at S tea d y at
3 pts.
pts
d eclin e. a d v a n ce.

Q u iet at
1 pt.
d e c lin e .

S teady at
% @ l pt.
a d va n oe.

T h e p rioes o f fu tu res at L iv e rp o o l fo r eaoh d a y are given

b e low , P rioes are on th e basis o f U p la n d s, G ood O rdinary
clau se, unless oth erw ise sta te d .
T h e p r i c e s a r e g iv e n i n p e n c e a n d 8A th * .
3 63-64d.. a n d 4 01 mean# 4 l- 6 4 d .

Thut :

C y

S a t.
Feb. 22

Io n .
Feb. 24

T ne*.
Feb 25.

3 63 m e a n *

W ed . T h nr*.
F rt.
Feb. 26. Feb. 27. Feb. 28.

12*9 1 12*9 4 12*9 4 12*9 4 12*9 4 12*9 4
P. M. P. M. P.M. P.M. P. M. P.M. P.M. P.M. P.M. P.M. P. M. P.M.
d.

d.

F e b r u a r y ...
Feb.-M on....
M ch .-A p r. . .
April-M ay...
May-J o n e ...
Jnn e-Ju ly...
J u ly -A u g . . .
A u g.-B ept...
S e p t-O o t. . .
O c t . N o v ....

4
4
4
4
4
4
4
4
4
4

36
35
35
35
35
35
35
31
22
18

4
4
4
4
4
4
4
4
4
4

36 4
35 4
35 4
35 4
35 4
35 4
35 4
31 4
22 4
18 4

d.
36
34
34
35
35
35
35
30
22
18

d

4 37
4 35
4 35
4 35
4 35
4 35
4 35
431
4 22
4 18

d.

4
4
4
4
4
4
4
4
4
4

35
33
33
33
33
34
34
29
21
17

d.

4
4
4
4
4
4
4
4
4
4

35
34
34
34
34
34
34
30
21
18

d.

d.

4
4
4
4
4
4
4
4
4
4

37
35
35
35
86
36
36
31
22
19

4
4
4
4
4
4
4
4
4
4

d.

39
37
37
37
37
37
37
33
24
20

4
4
4
4
4
4
4
4
4
4

38
36
36
36
37
37
37
32
23
20

d.

4
4
4
4
4
4
4
4
4

38
36
36
36
36
36
36
32
23

4 19

d.

4 36
4 35
4 35
4 35
4 86
4 36
4 36
431
4 23
4 19

d.

__

4
4
4
4
4
4
4
4
4

36
36
36
37
37
37
32
24
20

D e o .-J a n ....

J ute B u t t s , B a g g i n g , E t c .— The m arket for ju te bagging
rem ains very dull, w ith prices n o m ira lly unchanged at 5% c.
fo r \% lbs. and 5% c. fo r 2 lbs., standard grades. Car lots o f
standard brands are quoted at 5 % @ 6 c., f. o. b., a ccord in g to
qu ality. Jute butts also dull at l ^ @ l % c . fo r paper quality
and 2% @ 2 ^ c . fo r bagging quality.

BREADSTUFFS.

489

faotors were an increasing m ovem ent o f the crop, freer cou n ­
try offerings and selling by speculative holders to liquidate
contracts and take profits. The decline in values, how ever,
was qu ick ly checked and during the week the loss was m ore
than recovered. Some export demand developed at the low er
prioes, and this induced buying on the belief that prices had
reached an export basis; cable advices also reported firm er
foreign markets. The crop m ovem ent, although show ing a
small increase, is m uch b elow that o f last year, and
the light supplies and the belief that an im proved demand
must soon set in after the dulness that has been experienced
for some time past induced renewed speculative bu yin g for
investm ent a ccou nt. To-day there was a firmer m arket on
smaller receipts.
D A IL T CLOSING PR ICK S O F NO.

Gash com f. o. b...........
Way delivery in d e v __ _
July delivery in elev......
Sept, delivery In elev—

2

HoliIday.

64%

S a t.

Holiday.

NEW

YORK.

T u e*.
69
65%.
65*0
64%

W ed .
69%
66*4
6 5 78

T h u r*.

T u e* .
58
60

W ed.
58%
60%
60%
59%

T h u r*.

7O»0
6 6 70

€6*4

F rt.
71%
67%
66%
65%

t'4 70
65%
2 M I X E D OORN*IN C H IC A G O

.

M on.
57*0
59*4
59
53

P ri.
60%
62%
61%
60

6 2 7a

D A IL T CLO SIN G P R IC E S O F NO,

Feb. delivery in elev......
May delivery In elev......
Jnly delivery In elev__ _
Sept, delivery In elev__

M IX E D CORN IN

M on .
66%
65

S a l.

eo

5 8 70

50 30
61%
61%
59%

Oats for future delivery at the W estern m arket have been
moderately active. E arly in the w eek in sym pathy w ith the
break in other grains and under the increasing crop m ove­
ment, prices declined sharply. D uring the week, how ever,
the market turned steadier and the loss was fu lly recovered.
Speculators generally appeared to be fearfu l o f manipulation
in M ay contracts, and this and some im provem ent in the
cash demand w ere the strengthening factors. L ocally only a
lim ited business has been transacted in the spot m arket.
T o day there was a firm er m arket in sym pathy w ith the ad­
vance in prices fo r other grains.
D A IL Y CLOSIN G P R IC E S O F N O .

2

M IX E D

O ATS IN

Sat

M on.

T u e* .

S a t.

M on.

T u e*.

41%

41%
42%
35%
30*4

No. 2 m ixed In e le v ...... Holi­ 50
49%
Vo. 2 w hite In e le v ___ _
day. 51
51
DAILT CLOSING PRICES OP NO. 2 M IX E D O A TS
Feb. delivery In
May delivery In
July delivery In
Sept, delivery In

e l e v ....
e le v ....
e l e v ....
e le v ....

Holi­ 4 1 7e
day.

34%
30

NEW Y O R K .

T h u r* .
Art.
50
49
49%
51
50%
51
IN C H I C A G O ,
W ed .
A r t.
T h u r* .
42%
43
44
43%
43%
44%
85%
36
36%
30%
30%
31
W ed .

F ollow in g are the closing quotations:
3T.OUK.

F i n e . . . . . . . . .......... $ 2 85 © 2 90
Patent, w in te r ___$4 00 © 4
Su perfine,. . . . __ 3 00 © 3 05
City m ule, patent. 4 10 0 4
Extra, No. Ss. . . . . 3 10 © 3 15
B ye floor,superfine 3 20 0 3
Extra, N o , ! . . v t.. 3 20 0 3 30
B uckw heat flo o r .. 2 10 0 2
C ora m eal—
01eftm..M,M(M.iaM 3 30 0 3 70
Straights. •«*aao amm 3 75 © 4 00
W estern, e t c . . . . . 3 40 0 3
B ran dyw in e . .
Patent, spring *a«s 3 85 0 4 55
3 50
(Wheat flour in caoka sells at prioes below those for barrels.)

35
60
70
20

F r i d a y , F eb. 28, 1902
45
E arly in the w eek, ow in g to a break in values fo r the grain,
the m arket fo r w heat flour was quiet and easier, especially in
epring-w heat grades.
Subsequently, how ever, there de­
G R A IN .
veloped a steadier tone and demand im proved som ewhat. Wheat, per bush —
c.
e.
c.
C om , per
i er bush.—
c.
Hard Man., *0.1.. 87 088%
W est
item m ixed............67 ©71%
W in ter-w h eat straights and patents w ere distinctly m ore
N’them
Dul.,
No.l
83%
085%
No.
2
m
ix
e
d
..................67
©
71%
active, some fair sized trades being consum m ated and on a
Red winter, No. S 85%o87%
W estern y e llow ...........68*4 0 7 0
steady basis of values. The business transacted in spring
Hard N.Y. No. 2. 83%©85%
W estern w h i t e . . . . . . . . 69%©71*4
>ata—Mix’d,p.bush. 48%©51
R ye, per bush—
flours has been alm ost w h olly o f a jo b b in g character. R y e
White. . . . . . . . . . . . . 49 055
W e ste rn .................... „..5 8 % © 6 1 %
flour has had a lim ited sale at about steady prices. B ackNo. 2 mixed......... 49% ©50%
State and J ersey .........62 0 6 3
wheat flour has been quiet. Corn m eal has been in m oderate
No. 2 white........ 51 052
B a rley—W estern............ 6 8 0 7 3
dem and at steady prioes.
F eed in g..........................64 0 6 6
Speculation in w heat fo r future delivery was on a fairly
The m ovem ent o f breadstu ffs to m a rk et as in d ica ted in the
extensive scale early in the w eek, but it was at a sharp break
statements b e lo w is prepared b y us fr o m figures collected
in pricep. A d v ice s from the interior were quite generally o f
by the N ew Y o rk P roduce E xchan ge. The receipts at
a favorable tenor relative to the ou t'ook fo r the g row in g
W estern lake and river ports fo r the w eek ending Feb. 22,
winter w heat cro p , w h ich it was generally believed was w ell
tnd sin ce A u g . 1, fo r each o f th e last th ree years h ave b een ;
protected b y a sn ow coverin g from the recent severe weather.
Cable advices w ere easier and added to this was a fairly free
K iily t i a t—
flo u r .
Whssst.
Corn.
Oats.
9fi.
B arU v
m ovem ent o f the crop, and reports from the Southwest were
Uhl*.19012)i Buth.COlbi B w h .m ib : Buth.SUlbf H u r t.4811 dt&.GQ
o f freer country offerings. Subsequently, how ever there d e ­
145,027
863,016
883,600
731,860
250,726
9,000
veloped a steadier under tone, and although the trading on ih le a g o.........
M ilw a u k e e ..
1S9 200
59,860
27,400
04,900
202,30
8,000
the u pw ard turn to prices was less active, the loss was
in lT ith .........
380,025
75.0C0
3,427
8,380
527
largely recovered.
A n im portant factor in checking the d tn n ea p oll*.
.............
1,200,880
9?,12J
e 9,930
44,810
8,340
decline and turning the market firmer was the export buei
26,000
C oled o.........
SJ ,800
81,680
1,500
ness, shippers being free buyers o f w heat at the decline ie t r o lt .......
7,222
l s,154
4,100
27,CC0
in prices experienced early in the week. European markets l l e v e l a n d ...
33,077
9,816
S0,i 84
79,811
also did not m ake a fu ll response to the break in the A m e ri­ i t . IiOUlt . . . .
102,420
81,875
2:0.710
277,000
27,000
3,750
can m arkets. M uch m ilder weather was reported from the P e o r ia ...........
21,010
21,050
308,000
117,200
89.200
700
113,000
in terior, w ith the snow coverin g disappearing. A dvices also Canaa* C ity.
428,800
116,490
..........
...........
w ere received com plaining o f dam age to the g row in g crop
rot.w k.1902
2,408,775 1,603,413 1,649.018
316,ie8
572,215
31,817
in exposed fields. The “ C incinnati P rice Current” say s o f the lam a w k .’Ol.
2,863,723 5,107,854 8,780,394
411,815
594,090
98,116
crop outlook that w ith the disappearance o f snow the wheat <ame wk.'OO
3.570,331 0,080,050 8,178,903
442,496
1,124,794
129,734
crop is regarded m ore h opefully than a m onth ago. M ost o f it Hues A.u*. I .
is fairly good , but lacking h igh vigor to withstand adverse in ­ 1961-02.......... 12,606,679 177,497,798 82,532,807 89,408,872 34,028,127 4,194,777
fluences." To-day the market was steadier on unfavorable 1900.01......... 11,557,066 158,712 087 133,137.100 105.124.878 34,114,010 3,493,384
1899-CO ...
11,808,080 140,112.158 130,087.890 103,830 776 31,820.084 4.400.080
crop news. The spot m arket was quiet.
B A IL Y C L O S IN G FR ICK S O F NO. 2 R E D W IN T E R W H E A T IN NE W Y O R K .
T he receipts o f flour and grain at the seaboard ports fo r
M on
T u e*.
W ed.
T h u r*
f i .
S at.
the week ended Feb. 22, 1902, fo llo w :
8660
87
86*«
87
87*4
Cash wheat 1. o . b ......... ..
F lour,
W n sa t,
O* ts.
Corn,
Bartsy
Uv*
8230
8200
82%
March delivery In e le v ... H oli- 81%
82%
lUssipts « t—
81%
813s
8038

M ay delivery |in ele v ..........
July delivery In elev —
fiept. delivery In e le v —

82*e
81%

8 0 7b

82*9
82%
8130

82%
8230
81*4

82%
82%
81%

D A I L T CLOSING PR IC E S O F NO. 2 SPRING W H E A T IN C H I C A G O .

Feb. delivery In e le v .......
M *y delivery In e le v .......
July dell very in e le v ......
Sept, delivery Id e le v —

S at.

M on .

T u e*.

Holiday.

73*o
7500
7570
7500

7 3 70
76*0
7 0 t,
7570

W ed.

74%
76%

7 6 7h

7030

T h u r*.

A rt.

74
70%

74%
7 6 70
77%
76%

76%

76%

Indian corn futures have been fa irly active. A t the open­
ing o f the week there was a sharp break in prices in the
specu lative m arkets here and at the W est. T he depressing

la w f o r k , ..........
l o # t o n ,...............
H o n tr e a l..,....... .
Philadelphia^............
B a ltim o re ...................
R ic h m o n d ...................
fe w O rlea n s*...........
N ew p ort New*...........
P ortland, M e..............
S t.J o h n , N . B . .........

bbls.
70,001
18,523
0.882
00,058
40,638
4,843
0,710
42.822
11,320
8.802

b u ah.

270,450
80,411
4,710
70,204
134,020
20,382
50,000
17,003
804,083
80,300

bush.
62,000
7.987
800

67.809

78,770
87,524
87,600

b u sh .
130.600
56,723
01,014
10,348
80,180
88,040
18,725

bush
230,050
4,0(0
2,459
8,800
1,025

0,101

258,834
00,404

0,101
50,006

bush

"9,293

T o ta l w eek........... 283,265 1,016,029
871,909
888,442
W e e k 1001................... 800,118 2,573,272 3,129,108 1,048,025

* Receipt* do not lnolade grain paetins through New Orlean* for tor el# a
port* on through bill* o f 1adlna.

490

THE CHRONICLE.

T ota l receipts at ports from Jan, 1 to Feb, 22 com p are as
follow s fo r fou r years;
1908.
2,941,039

1901.
8,001,805

1000.
2,667,700

1890.
3,439,300

W h e a t . . . . , ............. . . . b a e h . 10,371.969
..,
“
8,285,682
5,877,843
6 a t * . ...........................
*'
002,262
£ W l*jy - . ................. . . .
“
111,600
R y e . . ........................... . . .

J5.857,880
84,618.500
0,762,887
1,174.30*
863,777

0,760,690
26,805,10*
6.401,616
2,150,368
307,885

20,043.943
26,403,407
8,144,200
882,007
1,080,442

01,000,850

47,481,512

56,888,121

,.,,b b l« ,

T otaJ g r a i n — . . .

“

20.199,213

T he exports from the several seaboard ports fo r the week
ending Feb. 22, 19€2, are show n In the annexed statem en t;
Jtmrisy
Hys,
Qali,
Fs*S,
ftOUT,
fVhsat.
busk. b u sh . bush.
bush*
bbls.
bush.
Mmporis tram— bush.
61,183
54,700
80,460
7,718
8,681
266,£03
Maw Y o r k .
B o a t o a ............. 2 6 7 567
P o rtla n d , M •. 804,083
P h ila d e lp h ia .- 3.24,000
66,000
B a ltim o r e .......
S aw O r le a n * ., 76,410

Newu'rt New*

Q a l » e * t o i!-------

Si, John.N.B.

250
11.320
70,886
80,807
1 1,567
42,822
1,011
8,303

111,623
8,707
42,232

17,008
70,000
60,300

T o t a l w e e k ..1,408,881
213,840
S a m e t i m e '0 1 ., 1,616,317 8,184,072

0,203
18,748

233,724
313.330

8,001

62,601
446,778

34,338

7,718
77,004

83.703

The destination of these exports for the w eek a n d sin ce
Ju ly 1,1901, is as below:
Exports tor

wssh und sines

July 1 to—

Flour. •
Week Since July
Feb. 23. 1, 1001.
bbls.
bbU.

-— —

-W h e a t.-

Week Sines July
Feb. 23. 1, 1901.
bush.
bush.
1.211,244
249,007

S r .N .A m . C o lo ’ *
O U tef eou n trle *

’ 12,000

0,026,780
1.007,605
032,213
751,825
07,899
211,404

T o r t U , , , . . ........
T o t a l 1 0 0 1 -0 3 ..,.

230,724 10,217.182
312,330 10.641,780

1,483,251
1,615,317

Oontlnent,..........

160,030
30,803

W asi Indies......

19,957

U uueu K in g d om

8. a C. junerloa.

1 4 ,769

48,378,488
60,920,037
64,050
50

2,000

-Oomr

Week Since July
Feb. 22 1, 1001.
bush.
bush.
84,881 10,888,372
9 ) , 3i50 9,887 079
330
580,802
80,804
724,774

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

2 1 1 ,0 1 6

289,958

101,328

3,186

97,587,58*
213,840 2 1 ,9 4 0 0 7 1
88,280,033 8,184,973 104,211,781

T he visible supply o f grain, com p risin g the stock s is
granary at the prin cipal points o f a ccu m u lation at lake and
seaboard ports, F eb, 22, 1902, was as fo llo w s;
lt» iters at—

New Y o r k ,.....,.
Do
afloat..
• o ito n ................
Philadelphia*....

Wh*«t,
bush,

8,205,000

1,710,000
420.000
514.000
320.000
N ew O r le a n * ..,..
269.000
Q alveeton..........
40.000
M ontreal...... ..
04.000
Toronto3 .2 -2 .0 0 0
B u f f a lo ., ............. ..
801.000
a f lo a t ...........
DO
59.000
T o le d o . , „ , ,. .
Do
a f l o a t ............
D e tr o it.
a flo a t ......
Do
6,604,00(1
C h ic a g o .
417.000
a flo a t ......
Do
801.000
M ilw a u k e e ............
a
f
l
o
a
t
.
.
.
.
.
.
.
Do
f t . W ! l l ’ m * P t A r t h u r 4,786,000
D u l u t h ................
11,503,000
Do
a flo a t ......
511,000
M l n n e a p o l l * ............... .. 10,089,000
S t L o u l * . . . . . . . . . . . . .. 1,120,000
Do
a f l o a t . . . ..........................
K a n s a s C i t y ..............
1,587,000
B a l t i m o r e ...............

P eo ria ............. .

aoo.ooo

I n d i a n a p o l l * .. . . . . . . . .
261,000
O n M ls s lM ip p i H i r e r .
..............
O n L a k e * ........ ........................ . ••••
0 n can al an d r ly e r ..,
46,000
T o t a l F e b . 22, 1 9 0 S .. 64,885,000
T o t a l F e b , 1 5 ,1 9 0 2 ., 66,602,000
T o t a l F e b . 3 3 ,1 9 0 1 .. 67,636,000
T o t a l F e b . 24, 1 9 0 0 .. 53,444,000
T n t a l F e b . 2 5 ,1 8 9 9 .. 29,920,000
* P h ila d e lp h ia —n o w i r e s ; s t o c k s

Corn,
bush.
480,000
444,000
16,000
214,000
180,000

O o ti,

bush.

BVi,
bush.

046,000
12,000
07,000
2 40 , j O->
191,000

69,000

B ert**

busS.

105,000
101,000

44,000

12,000
•
•
484,000
84,000
932,000

m .o o o
14,000
864,000

22,666

629,000

182.666

162000

81,000

110 0 ) 0

28 0«t

4,465,000

462,000

169,00<

122,000

809,000

1,029,000
77,000
84,000

165,000

180,000

455,666

71,000
1,505,000

101,000
223,000

4 0,0 00
101,000

1,006,66b
890,000
118,000

131,000
185,000
54,000

54,000
2 ,000

S.OOe

112,000

37,000

' 50,000

4.004.000
4,290,900
10,567,000
5.755.000
8.309.000
o f F e b r u a r y 21.

2.258.000
8.283.000
1,158,008
1.152.000
1.604.000

2.110.900
3.146.000
1.650.000
1,841,008
2.074.900

10.789.000
11.132.000
18.218.000
16.838.000
81.821.000

2666

5 1,00’
5 8 .0 '’C
818,000

195,001
303.00
78,001
50,001

[Vol. LXXIY.

g ood request. B uying o f light-w eigh ts fo r qu ick delivery is
good fo r this late date, and prices are very firm. There has
been no new feature in the m arket fo r overcoatin gs or cloak ­
ings, Business in dress goods fo r fa ll has been ch iefly In
staple lines o f w oolen fabrics, w h ich are generally firm .
uom estio C otton G oods , —T he e x p o r t s o f cotton goods
from th is p o r t f o r th e w eek e n d in g Feb. 24 w ere 3,870
packages, v a lu ed at $188,850, th e ir d e s tin a tio n bein g to the
points sp e cifie d in th e ta b le s b e lo w :

Njsw Yobk

to

DRY

GOODS

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

1901.

S in c e J a n ,1.

886
365
19,408
5,467
3,363
1,723
3,897
283
765

Since

36
14

Jan,

1,904

.......
41
417
6
.186
404
40

658
510
4,276
576
4,052
723
4,660
315
1,943
9,680
861

45,229

1,144

28,054

7,668

3,370

J itek .

1

T he valu e o f th e N e w Y o r k e x p o r ts since Jan. 1 to date
has been 13,075,532 In 1902, again st $1,333,878 in 1901.
The export dem and for heavy brow n cottons has been m ore
liberal this w eek and in the aggregate fair purchases have
been made fo r China at fu ll prices. The h om e dem and has
been chiefly fo r light-w eight brow n cottons, fo r w h ich som e
good orders have been placed by converters and others. There
has been a firmer m arket fo r bleached cottons in low grades,
but no ch ange in other qualities; the dem and has been o f fair
proportions. Ducks have ruled quiet and business o f all de­
scriptions o f coarse, colored cottons is kept dow n by the diffi­
cu lty o f securing ready supplies m ore than by prices sellers
ask. F or w ide sheetings there is an indifferent dem and on ly
and business in cotton flannels and blankets is moderate.
There have been no further advances in prices o f prints this
w eek, but a fair am ount o f business has been done in various
lines o f staples at current quotations. F an cy prints show no
im provem ent in dem and but are in m oderate supply. P rinted
flannelettes fo r fall are gelling well. G ingham s o f all kinds
con tin u e v ery scarce, but agents do n ot change prices. The
print cloth m arket rules firm at B ^ c. fo r regulars and a steady
dem and for w hatever m anufacturers are w illin g to sell,
F oreign D r y G oods ,— The m arket fo r all lines o f silks
continues very firm w ith a g ood dem and. Drees goods fo r
fa ll are in considerable dem and and thin fabrics sell w ell fo r
qu ick delivery. Linens are quiet, but the tone o f the m arket
is firm . Burlaps are d u ll, but prices are unchanged.
Im p o r ta tio n s a n d W a r e h o u se W it h d r a w a ls o f D ry G o o d *.
The im portation s and w arehouse w ith draw als o f d ry goods
a t this p ort fo r the w eek en d in g Feb. 27, 1902, and sin ce
Jan uary 1, 1902, an d fo r the corresp on d in g periods o f last
year are as fo llo w s:
H
O

U?§M

ff

Is ! Ti |

m
H

TRADE.

W

1
Pi

18,689 327,027
11,526 2,126,170

N e w Y o r k , F r i d a y , P , M ., F eb. 28,1902.
T h e cotton -g ood s division o f the m arket has show n d ecided
strength du rin g the m onth o f F ebruary, in fa c e o f a general
trade dem and o f m oderate proportion s and o f an unusually
large m ovem en t o f raw cotton, In one section o f the m arket
there has been p ron ou n ced activity and a m arked rise in
prices, nam ely in print cloths, these advan cin g fro m 8 l-16e.
to
f ° r regulars, w ith large purchases. A dvan ces o f
have also been m ade in prints and other lines d irectly
affected b y print cloths. T here have been no other open ad­
vances o f im portan ce, bu t the general m arket is. some what
higher at the close than it w as at the opening o f the m onth.
T his w eek the wages question has assumed im portance. The
F all R iver M anufacturers’ A ssociation has offered an advance
o f about 6 per cent, to take effect A p ril 7. The help have
declined to accept that and dem and 10 per cen t advance. A s
M r, Borden has given n otice that he w ill on M arch 17 ad­
van ce w ages in his m ills 10 per cent, it is expected that the
help in other m ills w ill persist in their refusal to a ccept a n y­
th in g less. R eports fr o m som e o f the Southern m an u factu r­
in g centres show restlessness on the part o f labor there. The
result is seen this w eek in even greater indisposition than
b efore on the part o f m anufacturers to accept orders fo r fo r ­
w ard production,
W oolen G oods .—It is evident that the great hulk o f the
first round o f orders for h eav y -w eig h t w oolens and worsteds
for m en's w ear has been placed. There has been a fallin g off
in the attendance o f buyers this w eek, and the dem and has
been m oderate only. The m arket show s som ew hat irregular
con ditions, particularly in w orsteds. Sellers have been d is­
appointed in the course o f the m a jority o f fa n cy worsteds.
Buyers have not bou gh t these w ith any degree o f freed om ,
and there are som e lines w h ich w ill have to sh ow m arked
im provem ent in sales later on in order to m aintain prices.
Staple w orsteds are steady. The best business so fa r has
been done in w oolen goods, w ith fa n cy w oolens as a rule in

Wee*.

Great Britain............. .
63
Other E u ropean.............
23
China....... .
...............
India...................... ............ 1,053
Arabia..... .................. .
Africa_________________
225
West Indies.........................
528
M exico............. ...
81
Central America.. . . .... .... .
92
South America................... 1,074
281
Other Countries............ .

2; : i s 5

THE

1902,

Feb. 24

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1HE CHKONICLE

March 1, 1902.]

S tats ywn City DsfAftTMEnr,
News Items.
C i n c in n a t i, O h io .— Viaduct Law Invalid.— T h e S u p r e m e
C o u r t o n F e b r u a r y 18 d e c la r e d u n c o n s t it u t io n a l th e A c t o f
A p r il 23, 1898, w h ic h a u th o r iz e d th e B o a r d o f C ity A ffa ir s
t o c o n s t r u c t c e r t a in v ia d u c ts w ith in th e c it y o f C in c in n a ti.
U n d e r th is la w th e c it y p r o p o s e d t o is su e $175,000 G r a n d in
R o a d a n d D e lta A v e n u e v ia d u c t b o n d s a n d $250,000 W e s t e r n
S ta te A v e n u e v ia d u c t b o n d s .
,
J o l i e t , 111.—Bond Litigation— T h e S u p r e m e C o u r t h as
a ffirm e d th e d e c is io n o f th e C ir c u it C o u r t o f W i l l C o u n ty
e n jo in in g th e c it y o f J o lie t fr o m is s u in g $200,000 w a t e r -fu n d
c e r t ific a te s f o r ih e p u r p o s e o f e n la r g in g a n d e x te n d in g th e
p re s e n t w a te r -w o r k s s y ste m , an d w h ic h b o n d s w e r e to b e
s e c u r e d b y a m o r t g a g e o r d e e d o f tr u s t o n th e w a t e r -w o r k s
s y ste m . T h e “ G l o b e D e m o c r a t ” o f S t. L o u is , in r e p o r t in g
th is d e c is io n , s a y s :
T h e con te n tion is w h eth er the issue o f these certificates, secured toy a m ort­
gage on th e w ater-w orks system , con stitu tes a debt, in w hich case the city
w ould be prohibited from issuing certificates because it w ould then exceed
th e lim it o f d ebt p rov id ed fo r by th e statutes, w h ich is in th e aggregate 5 per
cen t on th e taxable propert y o f the city. T h e city held that th e issuance or
these certificates w ould n ot con stitu te a debt, because th e w ater w orks w ould
earn the m oney to pay fo r the extension. T h e Suprem e Court, how ever, holds
th a t this issuance o f certificates would con stitu te a d ebt as p rov id ed fo r in the
statute, and th erefore affirms the d ecision o f th e low er Court.

T h e d e c is io n in th e lo w e r C o u r t w a s r e f e r r e d to in an e d i­
t o r ia l in o n r S t a t e a n d C i t y S u p p l e m e n t o f O ct. 12, 1901.
S o u t h C a r o l i n a .—Legislature Adjourns.— T h e S ta te L e g is ­
la tu r e a d jo u r n e d o n F e b . 22, 1902.
W a t e r v l i e t — G r e e n I s la n d , N . Y — Change in Name.— T h e
L e g is la t u r e h a s p a ssed a b i ll c h a n g in g th e n a m e o f th e toiun
o f W a t e r v lie t to G re e n Is la n d .

Bond Calls and Redemptions.
A r i z o n a T e r r i t o r y . — Bond Call.— T h o s . W . P e m b e r t o n ,
T e r r it o r ia l T r e a s u r e r, g iv e s th e f o l l o w i n g n o t ic e :
T h e re b ein g $10,030 in th e red em p tion fu n d fo r th a t pu rp ose, I w ill pay upon
p resentation insane a sy lum bon ds o f the T erritory o f A rizon a and accrued in­
terest thereon , N os. 61 to eo, b oth inclusive. In terest w ill cease from and a fter
F eb. 16 1902.

C a r t h a g e , M o .— Bond Call. —T h is c it y c a lle d f o r p a y m e n t
F e b r u a r y 1 b o n d s N o s . 91 to 100, in c lu s iv e , e a c h f o r $500,
d a te d A u g . 1, 1891. T h e in te r e s t o n th e s e b o n d s w a s 5<(.
C h ic k a s a w N a t io n .— Warrantstobe Paid.—T h e f o l l o w i n g
a p p e a r e d in th e S t. L o u is “ G l o b e - D e m o c r a t ” o f J a n u a r y 10,
M u s c o g e e , I. T.d Jan. 9.—J une 28,1898, th e C hickasaw N a tion issu ed w ar
rants to th e am ount o f *130,000. T h ese warrants w ere issued as sch ool war­
rants and are held b y investors all o v e r th e cou ntry. H on . J. G eorge W righ t,
U nited States Indian In sp ector, has been notlU ed th a t th ese w arrants w ill be
paid Just as soon as th e necessary blanks are m ade o u t and papers com p leted ,
possibly w ithin te n days or tw o weeks.

C o le C o u n t y , M o .— Bond Call.— I n t e r e s t c e a s e d F e b r u a r y
1 o n 5% b o n d s ($500 e a c h ) N o s . 39 t o 50, in c lu s iv e . D a te o f
b o n d s , J a n . 1, 1888.
D e n v e r , C o lo .— Bond Call.— I n te r e s t c e a s e d F e b . 18, 1902,
o n th e f o l l o w i n g b o n d s :
SEWER BONDS.
C apitol H ill Storm Sewer D ist. N o. l —B onds N os. 1 to 60 in clu sive.
Sub Dist. N o. 2u o f th e C apitol H ill Storm Sew er D ist. N o. i —B ond N o. 1.
Sub Dist. No. 22 o f the C apitol H ill Storm Sew er Dist. No. 1—B on d s N o. 1
and 2.
N orth D en ver Sanitary Sewer Dist. N o. 3—B ond s N os. 14 to 10, in clu sive.
South Side Sanitary Sew er Dist. N o. 2 —B onds N os. 50 t o t2, in clu sive.
PAVING BONDS.
Champa St. PaviDg D ist, No. 1—B onds N os. 27 to 30, in clu sive.
C olfa x A v e . P aving Dist. No. 1—Bonds Nos. 64 to 69, inclusive.
C ourt P la ce P aving D ist. N o. 1— Bond N o. 18.
L o w e r S ixteenth St. P a vin g D istrict No. 1—B on d No. 7.
L oga n A v e . lm p t. Dist. No. i —Bonds Nos. 14 to 17, inclusive.
W a te r St. and W est 23d A v e . P aving D ist. N o. 1—B onds N os. 20 to 22,inclusive.
GRADING AND CURBING BONDS.
Capitol H ill G rading and Curbing D ist. N o. 1—Bonds N os. II to 26, inclusive.

B o n d s w ill b e p a id a t th e o ffic e o f t h e C it y T r e a s u r e r , b u t
u p o n r e q u e s t f r o m t h e h o ld e r s o f a n y o f th e b o n d s te n d a y s
b e f o r e th e e x p ir a t io n o f th is c a ll, .a r r a n g e m e n ts w i l l be
m a d e f o r t h e ir p a y m e n t a t t h e M e r c a n t ile T r u s t C o ., N e w
Y o r k C it y , b u t n o t o th e r w is e .
G la s g o w , M o .— Bond Call.— C a ll h a s b e e n m a d e f o r p a y ­
m e n t F e b r u a r y 17 o f b o n d s N o s . 6 a n d 7 f o r $500 e a c h . S e­
c u r it ie s a re d a te d S e p t. 1, 1894, a n d t h e in te r e s t r a te w a s 6$.
G r a n t C o u n t y , N . M ex.—Bond Call—T h is c o u n t y c a lls
f o r p a y m e n t M a r c h 1, 1902, th e f o l l o w i n g b o n d s :
$67,000 bonds dated J u ly 1, 1883.
13,900 fu n d in g bonds dated Jan. 1,1885.
115,500 fu n d in g bonds dated July 1,1889.
27,000 current exp en se bonds dated Ju ly 1,1889.

491

b o n d s N o s . 30, 31 a n d 82, S e r ie s B , $500 e a ch a n d is s u e d in
1883. P a y m e n t w ill b e m a d e a t th e S ta te fis ca l a g e n c y in
N e w Y o r k C ity .
L ib e r t y T o w n s h i p , S c h u y l e r C o u n t y , M o .— R o n d Call.—
J . W . P a y t o n , C o u n t y C le r k , c a lls f o r p a y m e n t M a r c h 1,
1902, a t th e M e r c h a n t s ’ - L a c le d e N a t io n a l B a n k , S t. L o u is ,
b o n d s N o s . 13 a n d 14 f o r $500 e a c h .
L i n c o l n C o u n t y , M o .—Bond Call.— In te r e s t o n b o n d s N o s .
92 to 101 (e a c h $ 1 ,000 ) ce a s e d F e b r u a r y 1. T h e s e s e c u r it ie s
a re d a te d M a y 1, 1888, a n d c a r r ie d 5% in te r e s t.
M o n d e C o u n t y , S. D a k .— R o n d s Redeemed.— T h is c o u n t y
h as r e d e e m e d b o n d s N o s . 1 t o 20, in c lu s iv e , m a t u r in g in
1907. S e c u r it ie s a re f o r $500 e a c h .
M e m p h is , M o .—Bond Call. — T h is o it y h a s c a lle d f o r p a y ­
m e n t M a r ch 1 5% b o n d s N o s . 13 a n d 14, e a c h $500, d a te d
F eb . 1, 1895.
M o n t p e l i e r , Y t .—Bonds Redeemed.—T h is c it y h as r e d e e m e d
$10,000 o f it s w a t e r b o n d s n o w s u b j e c t to c a ll, le a v in g $10,00 0
o f s u c h b o n d s s t ill o u ts t a n d in g .
___ Z
M n lt n o m a h C o u n t y , O r e g o n .— Warrant Call.— T h o m a s
S co tt B ro o k e , C o u n ty T r e a su r e r, h as c a lle d f o r p a y m e n t
c o u n t y w a r r a n t s C la ss 36 d r a w n u p o n t h e g e n e r a l f u n d t h a t
w e r e p r e s e n te d a n d in d o r s e d “ N o t p a id f o r w a n t o f f u n d s ”
f r o m D e c . 8, 1900, t o D e c . 14, 1900, b o t h d a t e s i n c l u s iv e .
A l s o w a r ra n ts “ C la ss C ” d r a w n o n r o a d f u n d a n d p r e s e n t e d
f r o m S ep t. 2, 1900, t o S ep t. 1 4 ,1 9 0 0 .
N e w O r le a n s , L a .--Premium Bonds Drawn.— T h e f o l l o w ­
in g p r e m iu m b o n d s o f th e c it y o f N e w O rle a n s w e r e d r a w n
b y lo t on J a n . 31, 1902, t h is b e in g th e o n e h u n d r e d a n d fift h
a l l o t m e n t : S e r ie s 5, 378, 7 1 4 ,1 0 3 1 , 1296, 1529, 1897, 2 i3 5 ,
2237, 2470,
2523,2765,
2915,
3027, 3104, 3501, 3964,
4271, 4282,
4303, 4357,
4523,4812,
5047,
5666, 5742, 5920, 5959,
6030, 6207,
6385, 6800,
6877,6921,
7C67,
7205, 7578, 7888, 8361,
8454, 8587,
8590, 8850,
8867,9008,
9339,
9523, 9695, 9789 a n d
9951.S e lie s N o s . 6734 t o 10,000 w e r e n e v e r is s u e d . T h e s e b o n d s
h a v e b e e n d r a w n f o r p a y m e n t J u ly 15, 1902.
P i e r c e C o u n t y , W a s h .— R o n d Call.—J n o . B . R e e d , C o u n t y
T re a su re r, c a lle d f o r p a y m e n t F e b r u a r y 8, 1902, a t th e N a ­
tio n a l B a n k o f N o r t h A m e r i c a , N e w Y o r k C it y , f u n d i n g
b o n d s N os. 26 t o 50, in c lu s iv e , o f se r ie s N o . 1, is s u e d J u n e 1,
1891, an d b e a r in g 6% in te re st.
R a l l s C o u n t y , M o .—Bond Call.— O n F e b r u a r y 1 in te r e s t
c e a s e d o n 5% b o n d s ($500 e a c h ) N o s . 866 t o 397, in c lu s iv e .
D a te o f b o n d s , J a n . 1, 1880.
S p o k a n e , W a s h .— Warrant Call.— M . H . E g g le s t o n , C it y
T r e a s u r e r, h a s c a lle d f o r p a y m e n t J a n u a r y 21 w a r r a n t s N o s .
13,886 to 13,890, in c lu s iv e , o f th e R e d e m p t io n a n d J u d g m e n t
F u n d ; a ls o w a r r a n t s N o s . 13,891 t o 13,900, in c lu s iv e , d r a w n
o n th e sa m e fu n d , in te r e s t c e a s e d o n F e b . 24, 1902, a n d N o s .
13,901 t o 13,917, in c lu s iv e , in t e r e s t c e a s in g M a r c h 3 , 1902.
T e n n e s s e e .—Bonds Purchased.— T h e S ta te T r e a s u r e r h a s
p u rc h a s e d a t 9 6 % $20,000 3# S ta te b o n d s . T h e S ta te T r e a s ­
u r e r has a ls o c o n t r a c t e d f o r th e d e liv e r y o f $100,000 S ta te
b o n d s b e fo r e A p r il 10, th e p r ic e p a id f o r th e sa m e b e in g 9 6 % .
U p s h u r C o u n ty ( P . O. B u c k h a n n o n ) . W . V a .—Bond Call.
— J . J . M o r g a n , C le r k , c a lls f o r p a y m e n t M a r c h 1, 1902, a t
th e B u c k h a n n o n B a n k , a t B u c k h a n n o n , b o n d s N o s . 121 t o
130, in c lu s iv e , is s u e d t o th e W e s t F o r k R a ilr o a d C o m p a n y .
V a n B n r e n T o w n s h i p , J a c k s o n C o u n t y , M o .—Bond Call.
— C a ll w a s m a d e f o r p a y m e n t F e b r u a r y 20 o f
bon ds N os.
35 t o 39, in c lu s iv e . S e c u r itie s a re f o r $1,000 e a c h , d a te d
J a n . 1, 1892.
W a s h in g t o n .— Warrant Call.— T h e S ta te T r e a s u r e r c a lle d
f o r p a y m e n t M a r c h 3 o u t s t a n d in g w a r r a n t s N o s . 81,816 to
82,990, in c lu s iv e . T h e a m o u n t o f th e c a ll is $150,386.
W is e C o u n t y , T e x a s .— Bonds Redeemed.— I t is s ta te d in
T e x a s p a p e rs th a t th e C o m m is s io n e r s ’ C o u r t h a s p u r c h a s e d
f o r c a n c e lla t io n a t 108'50 $12,000 c o u r t -h o u s e b o n d s o f W is e
C o u n ty .

Bond Proposals and Negotiations

this

w eek h a v e b e e n as f o ll o w s :
A lle r t o n I n d e p e n d e n t S c h o o l D is t r ic t , W a yn e C o u n ty ,
I o w a . — Bill Legalizing Bonas.— T h e L e g is la tu r e h a s p a sse d a
b i ll (H . B . N o . 119) le g a liz in g th e a c ts o f th is d is t r ic t in
v o t in g b o n d s f o r a s c h o o l h o u s e a t th e e le c t io n M a r c h 12,
1900, a n d e n a b lin g th e d is t r ic t t o is su e th e b o n d s .
A l m a , M ic h .— Bond Election.—An e le c t io n w ill b e h e ld
in th is v illa g e t o v o t e o n t h e q u e s t io n o f is s u in g $12,000 c it y h a ll b o n d s .
A r e c i b o , P o r t o R i c o . — Bond R a le.— R e p o r t s s ta te th a t th e
$100,000 6% 10-20 -yea r (o p tio n a l) g o ld b o n d s e ffe r e d f o r s a le
o n F e b r u a r y 24 w e r e a w a r d e d t o J . M . C e b a llo s & C o . o f
N e w Y o r k C ity . F o r d e s c r ip tio n o f b o n d s see C h r o n i c l e
F e b . 15, p. 892.
Armada, M ic h .— Bond Sale.— O n F e b r u a r y 20 th e $16,000
H w a t e r - w o r k s b o n d s w e r e a w a r d e d a t p u b li c a u c t io n t o th e
A r m a d a S a v in g s B a n k a t ICO’812 a n d a c c r u e d in te r e s t. T h e
f o l l o w i n g b id s w e r e r e c o r d e d :

H a n n ib a l, M o .—Bonds Redeemed—The C it y T r e a s u r e r
h a s re d e e m e d f o u r $1,000 e le c t r ic - lig h t b o n d s , series o f 1892.
H e n r y C o u n t y , M o .— Bond Call.— T h is c o u n t y c a lle d f o r
p a y m e n t F e b r u a r y 10 b o n d s N o s . 77 t o 100, in c lu s iv e , e a c h
f o r $500. S e c u r itie s a re d a te d J u ly 1, 1887, a n d o a r r ie d 5%
in te r e s t.
K in g m a n C o u n t y , K a n .— Bond Call.— J . N . H a y s , C h a ir ­
m a n o f th e B o a rd o f C o u n t y C o m m is s io n e r s , c a lls f o r p a y ­
m e n t a t th e S ta te fis ca l a g e n c y in N e w Y o r k C ity th e f o l l o w ­ A rm ada Savinas Bunk........... $10,130 00 |Citizens’ Nat. Bank, R o m e o ..*16.081 00
l.am preclit Bros. O o - d e v e . . 10,129 00 |State Savings Bank. T oledo.*i6,800:00
in g f u n d in g b o n d s :
17,100 bonds o f
6,800 bonds o f
10.000 bonds o f
10.000 bonds o f
6,600 bonds o f

July 1,1879.
Jan. 0,1880.
April 13,1830.
July 12,1831.
A p ril 26,1882.

I *2,000 bonds o f Jan. 1,1883.
8,000 b ond s o f J uly 3,1883.
| 2,600 bonds o f Sept. 22, 1883.
i 20,000 bonds o f A pril 11,1887.
|

In te r e s t w ill c e a s e a t th e n e x t s e m i-a n n u a l in te r e s t p a y ­
m e n t a ft e r th e d a te (J a n . 9, 1902,) o f th e o ffic ia l p u b lic a t io n
o f th is c a ll.
L a w r e n c e , K a n .—Bond Call—P a u l R . B r o o k s , C it y T r e a s ­
u re r, c a lle d lo r p a y m e n t w ith in th irty^ days f r o m ,J a n . 10 ,1 9 0 2 ,

R om eo Sav. Bank, R o m e o .... 10,128 00 I T . B. Pot ter & Co., C hicago. *16,(i80loo
"
.
I Denison, P rio r & C o ..C le v e ..* lb ,680 00
+ Sealed hlds.

F o r d e s c r ip tio n o f b o n d s see C h r o n i c l e , F e b . 15, p. 392.

Ashland, Ohio.—Bond Ojjering.— P r o p o s a ls w ill b e r e ­
c e iv e d u n t il 12 m ., M a r c h 20, b y th e M a y o r a n d V i lla g e
C le rk f o r $60,000 4# s e w e r b o n d s . S e c u r itie s a re in d e n o m ­
in a t io n o f $1,000, d a te d M a r c h 20, 1902. In te r e s t w ill b e
p a y a b le s e m i-a n n u a lly a t th e F ir s t N a tio n a l B a n k o f A s h la n d ,
P r in c ip a l w ill m a tu r e $1,000 e a c h s ix m o n th s f r o m M a r c f f 20 ,

±92

THE

CHRONICLE

1908, to Sept. 20, 1937, in c lu s iv e . P ro p o s a ls m a s t b e m a d e
o n b la n k s fu rn is h e d by 8 . W . H u ll, V illa g e C le rk , a n d b id ­
ders m a s t s a tis fy th e m s e lv e s as t o th e le g a lity o f th e b o n d s
b e fo r e bid lia g , an d m u st so sta te in b id s. B la n k b o n d s are
a lso to b e fu rn ish e d by th e s u c c e s s fu l b id d e r. A c e r t ific a te
o f d e p o s it fr o m th e F ir s t N a tion a l B a n k o f A s h la n d f o r 2%
o f the par v a lu e o f th e b on d s b id m u st a c c o m p a n y p ro p o sa ls.
B a k e r s fie ld , C a l.— Bond Election Proposed.— T h e C ity
T r u s te e s , it is sta te d , a re c o n s id e r in g th e q u e s t io n o f h o ld in g
an e le c tio n to v o te on th e is su a n ce o f $100,000 lo c a l-im p r o v e ­
m ent bonds.
B a j o n u e , N. J . — Bond Sale.— T h e $56,000 4% 30-year g o ld
w a te r b o n d s, o ffe re d b u t n o t s o ld o n J a n . 7, h a v e b een d is ­
p osed o f at p r iv a te sale at 103 a n d a c c ru e d in te re st.
B e a r d s t o u n , 111.— Bond Sale.— W e are a d v ised th a t th e
$67 000 4% r e fu n d in g bonds m e n tio n e d in th e C hronicle J a n .
11 h a v e been ta k en a t p riv a te sa le b y th e F ir s t N a tion a l
B a n k an d th e F irst S ta te B ank o f B e a rd s to w n .
B e lle v u e , P a .—Bonds Voted,—T h is b o r o u g h on F e b . 18
authorized the issuance o f $100,000 s c h o o l an d $50,000 s treet-

[Vol. LXXIV,

C r a w f o r d ( T e x a s ) 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 . — Descrip­
tion of Bonds.—T h e bon ds r e c e n tly v o te d fo r a s e h o o l h ou se

w ill a g g r e g a te in a m o u n t $6,000. T h e y w ill b e issu e d in d e ­
n o m in a tio n o f $500 an d th e in te re st w ill b e a t th e r a te o f 4%,
p a y a b le in C r a w fo r d . P r in c ip a l w ill m a tu re in 20 y e a rs, s u b ­
je c t to c a ll a fte r 5 y e a rs, F . J . C o s g r o v e is S e c r e ta r y o f th e
S c h o o l B oa rd .
C r ip p le C r e e k ( C o l o .) S c h o o l D i s t r i c t . — Bond Election —
A t a sc h o o l e le c tio n in A p r il th e q u e s tio n o f issu in g $50,000
b on d s w ill p r o b a b ly b e s u b m itte d t o a v o te o f th e p e o p le ,
C u s t e r C o m ity , S. D a k .— Bond Offering.—T. W , D e lic a te ,
C a sh ier o f th e O u ster C o u n ty B a n k , w rite s us th a t b id s fo r
th e $100,000 4% 20 y e a r fu n d in g b o n d s w ill b e r e c e iv e d u p to
J u ly 1, 1902, w h ic h d a te is a lso th e d a te o f th e b o n d s. I n ­
terest w ill be p a y a b le s e m i-a n n u a lly . T h e b o n d e d d e b t o f
th e c o u n t y is $71,000 a n d th e w a r r a n t d e b t a b o u t $105,000,
w h ich la tte r a m o u n t is t o b e fu n d e d b y th e n e w b o n d s. T h e
assessed v a lu a t io n o f th e c o u n t y is a b o u t $1,300,000 a n d th e
rea l v a lu e is e stim a te d a t $8,000,000.
D a u b a r y , C o n n .— Bond Sale.— T h e $225,000
fu n d in g
a n d th e $50,000 3
h ig h -s o h o o l b on d s goffered f o r sa le on.
im provem ent bonds.
B e r k le y , V a .— Bond Offering,— P r o p o s a ls w ill b e r e ce iv e d F e b . 20 h a v e been d isp osed o f A t p r iv a te sa le. F o r d e s c r ip ­
u n til 12 m . M a r ch 15, b y C. L . O ld , T o w n R e c o r d e r , f o r $50,- tion o f b on d s see C h r o n ic l e F e b . 1, p. 282.
D a r b y , P a .— Bonds Voted.—T h is b o r o u g h on F e b . 18 v o te d
000 4% 30 -yea r g e n e r a l-im p r o v e m e n t b on d s. S e c u ritie s a re
d a te d M a rch 1, 1902. A c e rtifie d c h e c k on a n a tio n a l b a n k f o r to increase th e Bchool debt fr o m $25,000 t o $50,000.
5% o f th e a m o u n t b id f o r , p a y a b le to th e a b o v e - n a m e d T o w n
D illo n , B e a v e r h e a d C o u n t y , M o n t .— Bonds Voted.—T h is
R e c o r d e r , m u s t a c c o m p a n y p ro p o sa ls. T h e se b o n d s w ere c it y on F e b r u a r y 10 v o te d to issu e $24,000 5£ 10-20-year (o p ­
T h ese b o n d s w ill b e s o ld at
o ffe re d f o r sa le o n F e b . 8, b u t th e b id s th e n r e c e iv e d w e r e r e ­ tion a l) w a te r -w o r k s b o n d s
p u b lic a u c tio n o n d a te y e t to b e fix e d . In te r e s t w ill b e p a y ­
je c t e d .
B id d e fo r d , M
Temporary Loan.— T h e $25,000 lo a n r e ­ a b le J a n u a ry 1 an d J u ly 1 in D illo n o r in N e w Y o r k C ity .
c e n t ly a u th o r iz e d in a n tic ip a tio n o f th e c o lle c t io n o f ta xes E d w in N o r ris is C ity C lerk .
D o u g la s C o u n ty , M o .— Bond Election.— T h e C o u n ty C o u r t
has b e e n n e g o tia te d w ith J o s e , P a r k e r & C o ., B o s to n , a t Z%%.
has d e c id e d to s u b m it th e q u e s tio n o f is su in g b o n d s t o p a y
L o a n m a tu re s O ct. 6, 1902,
B o y e r t o w n ( B o r o u g h ) , P a .— Bids Rejected.—A l l b id s r e ­ ju d g m e n ts t o a v o te o f th e p eop le.
D o w a g ia c , M ic h .— Bonds Defeated.—T h is c it y h a s d e fe a te d
c e iv e d F e b . 1 fo r th e $35,000 b on d s w e re r e je c t e d .
B re n h a x n , T e x .— R o n d Election.—A n e le c tio n w ill b e h e ld a p r o p o s itio n to issu e $13,000 s c h o o l h o u s e b on d s.
D u lu t h , M in n .— Bond Offering.— P ro p o s a ls w ill b e r e c e iv e d
in th is c it y to v o t e on th e q u e s tio n o f is s u in g $15,000 4% 30u n til 7:30 p. m >, M a rch 17, b y th e C o m m o n C o u n c il, f o r $60,y e a r c it y h a ll b o n d s.
B u f f a lo , N. f .— Bond Sale—Bids Rejected.— T h e sa le o f th is 000 4% g o ld w a te r a n d lig h t b on d s. S ecu rities a re d a te d
J a n . 1, 1902. In te r e s t w ill b e p a y a b le s e m i-a n n u a lly a t th e
c it y ’ s
b o n d s o n F e b r u a r y 25 r e su lte d as fo llo w s :
L o t 1—J25.S75 42 grade-crossing bonds. A il bids rejected.
A m e rica n E x c h a n g e N a tio n a l B a n k , N e w Y o r k C ity . P r in ­
L ot 2— 7.SL9 58 grade-crossing bonds. A ll bids rejected.
A l l b id s m u s t b e w ith o u t
L ot 8—121,257 19 grade-cross, bonds. A w arded to tv. W. Harris & Co. at 104-43, c ip a l w ill m a tu re J a n , 1, 1932,
L ot 4—105,806 74 grade cross, bonds. A w arded to N. W . Harris & Co, at 104-43. c o n d itio n s o r q u a lific a tio n s .
E a c h b id d e r m u s t file w ith H .
L ot 5—138,879 56 grade-cross.jbonds. A warded to N. W . Harris & Co. at 104-43.
W . C h ea d le, C ity C le rk , b e fo r e 2 p. m o f th e d a y o f sa le a
L o t 6 — 54,030 97 grade-crossing bonds. All bids rejected.
Lot 7— 14,098 80 grade-crossing bonds. A ll bids rejected.
c e rtifie d c h e c k o r a c e r t ific a te o f d e p o s it on so m e n a tio n a l
L o t 8— 14,667 35 grade-crossing bonds. A ll bids rejected.
L o t 9—200,0t0 8}$S 1-20-year (serial) consolidated school loan bonds, date Feb. b a n k fo r 1%o f th e fa c e v a lu e o f th e b o n d s b id fo r .
1.1902. as authorized by Chapter 469, Laws o f 1900.§Awarded
D u n m o r e , P a . — Bond Sale,—O n F e b r u a r y 14 th e $20,500
to N. W . Harris &Go. at 102-48.
4% fu n d in g a n d th e $5,500 4% r e fu n d in g b o n d s , f u lly d e s cr ib e d
F o llo w in g are th e b id s :
gH B pS*®
Ittt
in th e Chronicle F e b . 8, w e r e s o ld t o D e n iso n , P r io r & C o ,,
.
■
L o ts N os. i t o 8. L o t No. 9.
C lev ela n d , a t 104-41.
N. W . Harris & Co., New Y ork (lots 3. 4, 5 and 9 )............
104’4S
102"43
L am preeht Bros. & Co., Cleveland (lot 9 )............................................
102-41
E lk la n d , T io g a X o u n t y , P a .— Bonds Voted.—T h is b o r ­
D ick Bros. & Co., New Y ork (lot 9 )........................................................
102-382
W . J. H ayes & Sons, Cleveland (lot 9).................................................
102"35
o u g h on F e b r u a r y 18, b y a v c t e o f 157 to 23, a u th o r iz e d th e
Jos. E. Gavin, Buffalo (lot 3 )..................................................
103 845
.........
N o d e ta ils o f th ese b o n d s
Jos. E. Gavin, Buffalo (lots 5 and 9 )............... ..................
103-815
102-325 issu a n ce o f $19,000 w a te r b o n d s .
E rie County Savings Bank Buffalo (lo t 9 )...........................................
102-21
h a v e y e t been se ttle d u p on .
B. L . Day & Co.. New York Uot 9 ).........................................................
102'09
E l y r ia , O h io .— Bonds Defeated.—T h e C ity C o u n c il h as d e ­
B lodget. M erritt & Co., B oston (lots 1 to 9, In clu sive,)..
102-gl
lo r e s
Farson L ea cb & Co., New Y ork (lots 1 to 9, inclusive,).
102-831
101-463 fe a te d a r e s o lu tio n to s u b m it th e q u e s tio n o f is su in g $75,000
P arkinson & B urr, B oston (lots 1 to 9 )....................
102-71
101-45
c it y -h a ll b o n d s t o a v o te o f th e p eop le.
F o r f u ll d e s crip tio n o f b o n d s see C h r o n ic l e F e b . 15, p. 392,
Bonds Authorized,— T h e C o u n c il h as v o te d to issu e b o n d s
B u t t e C o u n ty , S. D a k .— Rond! Sale. — O n F e b . 17 $7,000 5%
f o r w a te r p u rp os es.
15-21-year (o p tio n a l) ja i l b o n d s w e r e a w a r d e d t o F . R , F u lt o n
F a l l R i v e r ,M a s s .— Bonds Proposed.—L e g is la tiv e a u th o r ity
& C o ,, C h ic a g o , a t 108‘ 60.
is b e in g s o u g h t b y th is c it y f o r th e is su a n ce o f $100,000 p a rk
C a lg a r y , A l b e r t a . — Debenture Offering,—P r o p o s a ls w ill b e
a n d $100,000 se w e r b on d s.
r e c e iv e d u n t il 12 m ., M a r c h 20, b y C h as. M cM illa n , C ity
Bonds Authorized.— T h e C ity T re a su re r h as b ee n a u th o r ­
T r e a s u r e r, f o r th e fo llo w in g g e n e r a l a n d lo c a l im p r o v e m e n t
iz e d to is su e $20,000 3 j| $ w a te r b o n d s . S e c u ritie s a re to be
d eb en tu res:
in d e n o m in a tio n o f $1,000, d a te d A p r il 1, 1902. In te r e s t w ill
$3,000 if 20 year debentures dated A ug. 1, 1901.
25,000 4£ 20-year debentures dated A ng. 1,1901.
b e p a y a b le sem i a n n u a lly a n d th e p r in c ip a l w i l l m a tu re
6,500 if 20-year debentures dated Sept. 1,1900.
A p r il 1, 1932, B o n d s a re a u th o r iz e d b y C h a p te r 156, L a w s
2,900 i% 7-year local-im provem en t debeiitures dated Jan. 1,1901.
400 if 7-year local-im p rovem en t debentures dated N ov. l, 1901.
o f 1900.
1,826 i f 10-year local im provem ent debentures dated Oct. 1 . 1901.
F lo r e n c e , S. C .—Bond Election Proposed.— P e titio n s are
500 if 10-year loca l Im provem ent debentures dated Sept. 1 , 18C1.
16,500 if 20- year loca l-im p rov em en t debentures dated Sept. 1,1901.
b e in g c ir c u la t e d c a llin g u p o n th e C ity C o u n c il t o h o ld an
In te r e s t o n th e a b o v e b o n d s w ill be p a y a b le s e m i-a n n u a lly . e le c t io n to v o t e o n th e q u e stio n o f is s u in g $10,000 w a te r an d
C a n o n s b u r g , P a ,—Bids Rejected.—A l l b id s r e c e iv e d F e b ­ $40,000 s e w e r b on d s,
r u a r y 20 f o r th e $40,000 4% s e w e r b o n d s d e s c r ib e d in th e
F r a n k l i n G r o v e , 111.— Bond Sale.—O n F e b . 21 $4,500.'w ater­
C hronicle F e b . 15 w e r e r e je c t e d . W e a re a d v is e d th a t it w o r k s b o n d s w e re a w a rd e d to th e F r a n k lin G r o v e B a n k at
h as b e e n d e c id e d to t r y a n d sell th ese b o n d s a t p r iv a te sale. p a r f o r 5 p e r ce n ts. S e cu ritie s are in d e n o m in a tio n o f $500
C h a te a u g a y ( T o w n ) , F r a n k l i n C o u n ty , N. Y —Bond Sale. an d th e p r in cip a l w ill m a tu re o n e b o n d y e a r ly o n A u g . 1
— T h is t o w n has s o ld an issu e o f $5,500 4% 6 16 -yea r (se ria l) fr o m 1903 to 1911, in clu s iv e .
b o n d s to R . H . M c E w e n o f N o r t h L a w r e n c e a t par.
F r e d e r i c k , M d .— Bond Bill Passes Legislature. —T h e L e g ­
C h ild r e s s ( T e x . ) 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 . — Bonds is la tu re b a s p a ssed th e b ill e m p o w e r in g th e c it y to r e fu n d at
Not Yet Sold.— W e a r e a d v is e d th a t th e $8,000 s c h o o l h o u s e 2>%% in te r e s t th e $512,500 4% b o n d s m a tu r in g in 1918, b u t
b o n d s m e n tio n e d in th e Chronicle O ct. 12, 1901, h a v e n o t w h ic h w ill b e c o m e s u b je c t t o c a ll on J u ly 1, 1908.
y e t been so ld . T h e S c h o o l B o a r d is d esirou s o f s e llin g th ese
G a r d n e r , M a ss.— Bonds Proposed.— A b ill is b e f o r e th e
b o n d s a n d L . E . H a s k e tt, S e c r e ta r y o f th e B o a rd , m a y b e S ta te L e g is la tu r e w h ic h p r o v id e s f o r th e is s u a n ce o f 4$ 50a d d re sse d o n th e s u b je c t .
y e a r w a te r -s u p p ly b on d s.
C i n c in n a t i ( O h i o ) S c h o o l D i s t r i c t . —Bond Offering.—P r o ­
G r e e n b u r g S e h o o l D i s t r i c t N o. 4 , W e s t c h e s t e r C o u n ty ,
p o sa ls w ill b e r e c e iv e d u n til 12 m ., M a r, 24, b y W m . G ra n t- N. Y.— Bonds Legalized,—C h a p te r 84, L a w s o f 1903, sig n e d
m a n , C le rk o f th e B o a rd o f E d u c a tio n , f o r $70,000 Z% s c h o o l b y th e G o v e r n o r on F e b r u a r y 19, le g a liz e s an issu e o f $60,01'0
bon ds.
F o r t y b o n d s are in d e n o m in a tio n o f $500 an d b o n d s o f th is d is tr ic t.
fiv e h u n d re d o f $100 e a ch , a ll d a te d O ct. 1, 1900. I n te r ­
G r e e n e C o u n ty ( P . 0 . C a t s k i ll) , N. Y .— Bond Sale.—O n
est w ill b e p a y a b le s e m i-a n n u a lly a t th e A m e r ic a n E x c h a n g e F e b r u a r y 24 th e $115,000
b o n d s o f th is c o u n t y w e re
N a tio n a l B a n k o f N e w Y o r k C ity . P r in c ip a l w ill m a tu re j a w a rd e d t o th e C a ts k ill S a v in g s B a n k as f o llo w s :
O ct. 1, 1940, s u b je c t t o c a ll a ft e r O c t o b e r 1, 1910. A c e rtifie d ! $15,000 au© 1903..@100-00 I $80,000 clue 1905..@100-14 I fSO.OOOdue 1907..@ W 9 8
20,000 due 1904..@100-01 | 20,000 due 1900. .@100-56 I 80.000 due 1008. .@101-89
c h e c k , p a y a b le t o th e B o a rd o f E d u c a tio n , f o r 5% o f th e g ros s
F o r d e s cr ip tio n o f b o n d s see C hronicle F eb . 15, p . 393.
a m o u n t o f th e b o n d s m u s t a c c o m p a n y p ro p o s a ls . A c c r u e d
in te re st is to b e p a id b y p u rcn a se r.
G r e e n w ic h , C o n n .— Bond Sale.—I t is r e p o rte d th an an
C le a r fie ld (P 'a .) S c h o o l D i s t r i c t . — R o n d s F o fe d .— T h is issu e o f $150,000 4% s e w e r b o n d s has b een s o ld to th e G r e e n ­
d is tr ic t o n F e b . 1 8 .voted t o issu e $10,000 %%% 30 -yea r h ig h - w ic h S a v in g s B a n k a t 105.
G r e e n w o o d , S. C .— Bonds Voted.—At, an e le c tio n field
s c h o o l-im p r o v e m e n t b on d s. T h e se b o n d s , w e are a d v is e d ,
w ill b e issu e d a b o u t A p r il 1, 1902.
F e b r u a r y 15 th is c it y , b y a v o te o f 140 t o 61, a u th o riz e d th e
C lin t o n (Iow a) S c h o o l D i s t r i c t .—Bond Election. — It is is iu a n e e 'o f $40,000 w a te r a n d s e w e r b o n d s ,
G r e e r C o u n ty , (Mfcla.—No Bonds to be Issued.— S e m e o f
sta te d th a t th is d is tr ic t w ill v o t e o n th e q u e s tio n o f is su in g
$60,000 h ig h -s c h o o l b o n d s .
th e p a p ers h a v e it th a t th is c o u n ty has a u th o r iz e d the W u

{, IW3.1

THE CHRONICLE

a n ce o f $50,000 c o u r t h o u s e b o n d s . W e are a d v is e d t h a t th is
sta te m e n t is in c o r r e c t , as n o b o n d s w ill b e is su e d f o r th is
p u rp o s e . I t is tr u e th a t th e c o u n t y p u rp o s e s b u ild in g a c o u r t
h ou se t o c o s t a b o u t $50,000, b u t p a y m e n t f o r th e sa m e is to
b e m a d e $5,000 y e a r ly .

Groveport School District, Franklin Comity, Ohio,—
Bonds Proposed.—T h e B o a rd o f E d u c a t io n seek s le g is la t iv e
a u th o r ity t o is su e $2,000 s c h o o l-h o u s e b o n d s .
G r u n d y C o u n t y , M o .— Price Paid for Bonds.— T h e T r e n t o n
N a tio n a l B a n k o f T r e n t o n , w h ic h in s t itu tio n , a s s ta te d in
th e C h r o n i c l e F e b r u a r y 15, w a s th e p u rc h a s e r o f $00,000 4%
c o u r t-h o u s e a n d j a il b o n d s o f G r u n d y C o u n ty , p a id 102 fo r
th e sa m e, a b a sis o f a b o u t 3 56i£ i f b o n d s a re c a lle d a t t h e ir
o p tio n a l d a te , a n d 3 850# i f a llo w e d t o ru n th e ir f u l l tim e.
T h e p u rc h a s e r p a ys, in a d d itio n t o th e p r ic e a b o v e m e n ­
tio n e d , th e e x p e n s e o f lit h o g r a p h in g a n d r e g is te r in g b o n d s .
S e cu ritie s are d a te d F e b . 10, 1902, an d w ill m a tu r e in tw e n ty
years, s u b je c t to c a ll a ft e r fiv e y e a rs. E a ch b o n d is f o r $500,
an d c a r rie s in te r e s t p a y a b le s e m i-a n n u a lly .
H a g e r s t o w n , M d .— Bonds Proposed.—T h is c it y seek s le g ­
is la tiv e a u t h o r it y t o b o r r o w m o n e y f o r th e p u r p o s e o f en
c o u r a g in g m a n u fa c tu r e s in th e c it y .
H a m ilt o n , O h io .— Bonds Authorized,— T h e B o a rd o f C on
tr o l has a u th o r iz e d th e is s u a n ce o f $91,000 s t r e e t -p a v in g
b o n d s a n d $3,500 s m a llp o x e p id e m ic b o n d s .
H a m ilt o u ( O h i o ) S c h o o l D i s t r i c t . — Bond Sale.—On F e b ­
ru a ry 21 th e $20,000 4% b o n d s w e re a w a r d e d to D e n is o n , P r io r
& C o ., C le v e la n d , a t lO O ^S—a b a sis o f a b o u t 3 567$. F o l ­
lo w in g a re th e b i d s :
Denison, P rior & Co., C le v e ..121.390 00 |Second Nat. B ’k, H a m ilton . .120,655 00
Keeler, H olzm an * Co., Ctn.... 21,200 00 I W . J. H a res * Sons, C le v e ... 20,641 Oo
Seasongood * M ayer, C in cm . 20,967 60 1 R. K le y b o lte & Co., C tn cin ... 20,030 00

F o r d e s c r ip t io n o f b o n d s see C h r o n i c l e F e b . 8, p. 840.
H a r m o n y , M in n .— Bond Sale.— O n F e b r u a r y 20 th e $9,000
4% w a te r b o n d s d e s c r ib e d in th e C h r o n i c l e J a n u a r y 25 w e re
a w a r d e d to G e o . W . B u r t o n , L a C ro ss e , a t 101 ‘722. F o l l o w ­
in g a re th e b id s :
Geo. W . B urton. L a C rosse___$9,155 00 1 T . B. P otter, C hicago................*$9,100 00
John Jacobson, H a rm on y ....... 9,125 00 Lam precht B ros. (J o ..C le v e ..*+9,000 f'O
------I Kane & Co., M inn eap olis......... 8,750 00
* R e ce iv e d to o late to b e con sid ered . + B id based on 4^% bonds.

H a z le h n r s t , M is s .— Bond Offering.— P r o p o s a ls w i l l b e re ­
c e iv e d u n t il 7 p M ., M a r c h 4yiOy E . M . C o o k , M a y o r , a n d th e
B o a r d o f A ld e r m e n , f o r $85,000 5% w a t e r a n d lig h t b o n d s . I n ­
te r e s t o n th e b o n d s w ill b e p a y a b le a n n u a lly a n d th e p r in c ip a l
w ill m a tu r e $100 y e a r ly f r o m 1903 t o 1922, in c lu s iv e , an d
$88,000 o n A p r il 1, 1922. A c e r t ifie d c h e c k f o r
o f th e fa c e
v a lu e o f th e b o n d s b id f o r , p a y a b le t o th e M a y o r , m u s t 'a c ­
c o m p a n y p r o p o s a ls .
H e m p s t e a d U n io n F r e e S c h o o l D i s t r i c t N o . 9 , N a ss a u
C o u n ty , N. Y .—Bond Offering.—P r o p o s a ls w ill b e r e c e iv e d
u n til 3:30 P . M ., M a r c h 4, b y W . B. O s te r h o u t, S e c r e t a r y o f
th e B o a r d o f E d u c a t io n (P . O . F r e e p o r t ) , f o r $25,000 4% b on d s .
S e c u ritie s a re in d e n o m in a t io n o f $1,000, d a te d A p r il 1, 1902.
In te r e s t w ill b e p a y a b le J a n u a r y 1 a n d J u ly 1 a t th e F r e e p o r t
B a n k in F r e e p o r t. P r in c ip a l w i l l m a t u r e $1,000 o n J a p . 1,
1910, a n d $2,000 y e a r ly o n J a n u a r y 1 f r o m 1911 t o 1922, in ­
c lu s iv e . A c e r t ifie d c h e c k f o r 5% o f th e fa c e v a lu e o f th e
b o n d s b id f o r , p a y a b le t o th e a b o v e -n a m e d S e c r e ta r y , m u st
a c c o m p a n y p r o p o s a ls . B id d e r s m u s t u se th e p r in t e d "form o f
p r o p o s a l fu r n is h e d b y th e S e c r e ta r y . A c c r u e d in te r e s t t o be
i p a id b y p u r c h a s e r . T h e p r e s e n t in d e b t e d n e s s o f th e d is t r ic t
is $24,000. T h e assessed v a lu a t io n is $728,725 a n d th e r e a l
v a lu e a b o u t $3,500,000.
H ig h P o i n t , G u i l f o r d C o u n t y , N. C.— Bids.—W e g iv e b e ­
l o w th e b id s r e c e iv e d F e b r u a r y 20 f o r th e $50,000 5# 3 0 -yea r
g o ld w a te r an d s e w e r b o n d s :

493

v o te r s o n M a r ch 1 th e q u e s tio n o f is s u in g $15,000 b o n d s fo r
th e p u rp o s e o f s e c u r in g w a te r f r o m th e C ity o f C in c in n a t i. A s
sta ted in th e C h r o n ic l e D e c. 14 ,1 0 0 1 , th e v illa g e o f P le a s a n t
R i d g e v o te d t o Issue $25,000 b o n d s f o r w a te r p u rp o s e s . T h is
la tte r v illa g e is to ta k e th e w a te r f r o m C in c in n a ti p ip e s a n d
K e n n e d y H e ig h t s p u rp o s e s ta k in g th e w a te r f r o m th e P le a s a n t
R t d ^ e pipes.
L a fa y e t t e , L a .— Bond Election,— A n e le c t io n w ill b e h e ld
A p r il 7 t o v o te o n th e q u e s t io n o f Is su in g $21,000 s c h o o l,
$30,000 r e d e m p t io n , $12,000 m a r k e t a n d $11,000 w a t e r - e x t e n ­
s io n Qjt 2 5 -yea r b o n d s .
L a k e C h a r le s , L a .— Bond Election Proposed.— A p e t it io n
is b e in g c ir c u la t e d t o h o ld a n e le c t io n t o v o te on th e q u e s ­
tio n o f is su in g $140,000 w a te r , s e w e r a n d e l e c t r i c - l i g h t - i m ­
p rovem en t bonds.
L a k e w o o d ( H a m l e t ) , O h i o . — Bond Election.— A n e le c t io n
w ill b e h eld M a r c h 0 to v o t e o n th e q u e s t io n o f is s u in g $50,000 b o n d s f o r s e w e r p u rp o s e s . J o h n F r e n c h is th e C le r k o f
th e h a m le t.
L a w r e n c e , M a s s .— Bonds Proposed.— T h e C o u n c il h a s
pa ssed an o r d e r p r o v i d in g f o r a lo a n o f $50,000 f o r s e w e r
p u rp oses.
Bonds Proposed.— T h e C o m m it t e e on F in a n c e h as v o t e d t o
r e c o m m e n d th e is s u a n ce o f $100,000 b o n d s f o r f u n d i n g p u r ­
p oses. In te re s t is t o b e a t a r a te n o t e x c e e d in g 4%, a n d th e
p r in c ip a l is t o m a tu r e o n e -te n th y e a r ly .
L im a (O h io ) S c h o o l
D is t r ic t .— R o n d
Offering.— P r o ­
p o s a ls w ill b e r e c e iv e d u n t il 12 m . M a r c h 10, b y A s a C a tt,
C le rk B o a rd o f E d u c a t io n , f o r $15,000 5% b o n d s . S e c u ritie s
are issu ed u n d e r th e a u t h o r it y o f S e c tio n s 22 b, 3,993 a n d
3,994, R e v is e d S ta tu te s o f O h io
T h e y a re in d e n o m in a t io n o f
$1,000, d a te d M a r c h 10, 1902. In te r e s t w ill b e p a y a b le s e m i­
a n n u a lly an d th e p r in c ip a l w ill m a t u r e $1,000 y e a r ly o n S ep t.
1 f r o m 1903 to 1917, in c lu s iv e . A c e r t ifie d c h e c k f o r $750,
d r a w n on a L im a h a n k , m u s t a c c o m p a n y p r o p o s a ls .
M c L e a n C o u n ty ( P . O. W a s h b u r n ) , N. D a k .— R o n d Offer­
ing.—Proposals, w ill b e r e c e iv e d u n t il 3 p . m ., A p r il 8, b y th e
B o a rd o f C o u n ty C o m m is s io n e r s , f o r $14,000 4%% 2 0 -y e a r r e ­
f u n d in g b on d s . S e c u r itie s a re in d e n o m in a t io n o f $1,000.
T h e s u c c e s s fu l b id d e r w ill r e q u ir e t o fu r n is h b la n k b o n d s fr e e
o f c h a r g e . A u g . E . J o h n s o n is C o u n t y A u d it o r .
M a d is o n v ili e ( O h i o ) S c h o o l D i s t r i c t .— Bond Sale.— T h e
h ig h e s t b id r e c e iv e d F e b r u a r y 24 f o r th e $6,000 '4% 3 0 -yea r
b o n d s w a s th a t o f S e a s o n g o o d & M a y e r, C in c in n a ti, a t 104,836.
T h e b id s f o l l o w :
Seasongood & Mayer, Cinein..$6,290 16 I Eeder, H olzm an & Co., Cincln.$6,212 50
Atlas Nat. Bank, C incinnati... 6.277 50 1 Denison. P rior & Co.. C le v e ... 6,184 20
W . R . T o d d * Co., C incinnati. 6,216 00 | W. J. H a y e s * S o n s , C le v e ...... 6,090 00
R . K ley b olte * Co., C ln cin — 0,215 oO 1

F o r description o f bonds see C hronicle F e b . 8, p. 341,
M a n k a t o , M in n .— Bonds Preposed.—T h e s t a t e m e n t h a s
b e e n m a d e th a t th is c it y h a d d e c id e d t o is su e $25,000 e le c t r ic lig h t -p la n t b o n d s . W e a r e a d v is e d , h o w e v e r , b y O le T h r o d a h l, C ity T r e a s u r e r, th a t t h e y are o n ly d is c u s s in g a n e le c t r ic lig h t p la n t a t th is tim e , a n d th a t i t w i l l b e s o m e w h ile b e f o r e
th e p la n s w ill m a tu re .
M a r ie t t a , O h io .— Bond R a le.— T h is c it y , it is s t a t e d , h a s
s o ld an issu e o f $100,000
10 -3 0 -yea r ( o p t i o n a l) w a t e r
b o n d s t o th e N e w F ir s t N a t io n a l B a n k o f C o lu m b u s a t p a r.
M a r s h a ll C o u n ty ( P . O. W a r r e n ) , M in n .— Bids Rejected.
— A l l b id s r e c e iv e d F e b r u a r y 18 f o r th e $75,000 5% d it c h
b o n d s o f th is c o u n t y w e r e r e je c t e d . F o r d e s c r ip t io n o f b o n d s
see C h r o n ic l e J a n . 11, p. 112.
M a s s a c h u s e tts .— Bond Sale.— T h e S ta te T r e a s u r e r on F e b ­
r u a ry 26 s o ld a t p r iv a te sa le an is su e o f $3,500,000 3 %% g o ld
M e tr o p o lita n w a t e r b o n d s is s u e d u n d e r th e a u t h o r it y o f
C h a p te r 488, L a w s o f 1895. S e p u r itie s a r e d a te d JaD . 1,
In te r e s t w i l l b e p a y a b le
8eason good * M ayer, C t n ....$54,534 00 I Eeder. H o lzm a n * Co., C ln .. .$53,591 00 1902, a n d m a tu re J a n . 1, 1942.
R. K leybolte & Co., C ln cin ... 64,085 00 I Lam precht B ros. Co.. C le v e .. 63,318 00 s e m i-a n n n a lly ,
T h e p u r c h a s e r s o f th e b o n d s a re N . W .
R o b y R obinson, A tla n ta ........ 53,881 60 |New 1st Nat. Bank.Colnm bus. 61,81000
D enison, P rior * Co., C lev e.. 53,860 00 1 W . J. H a y e s * S o n s,C le v e .... 50,017 00 H a ls e y & C o. a n d F a r s o n , L e a c h & C o. o f N e w Y o r k C ity
a n d M e rr ill, O ld h a m & C o ., B o s to n . T h e b o n d s a re n o w
A s s ta te d la st w e e k , th e b o n d s w e r e a w a r d e d t o S ea son b e in g o ffe r e d t o th e p u b lic .
g o o d & M a y e r , C in c in n a ti.
M a y a g n e z , P o r t o R i c o . — R o n d Sale.— P r e s s r e p o r t s s ta te
H o lla n d , M ic h .— Bond Election,—T h e C o m m o n C o u n c il
th a t th e $200,000 6# g o ld b o n d s o ffe r e d f o r s a le on F e b r u a r y
has d e c id e d t o s u b m it th e q u e s t io n o f is s u in g $25,000 e le c tr ic 20 h a v e b e e n a w a r d e d t o J . M . C e b a llo s & C o ., N e w Y o r k
lig h t-p la n t -e x t e n s io n b o n d s a n d $30,000 w a t e r -e x t e n s io n
C ity , a t p a r. F o r d e s c r ip tio n o f b o n d s see C h r o n i c l e F e b .
b o n d s t o a v o t e o f th e p e o p le .
15, p . 393.
H o u m a , L a .—Bond Offering.— P r o p o s a ls w ill b e r e c e iv e d
M e d f o r d , M a s s .— Bonds Proposed.— T h e C o m m o n C o u n c il
u n til 12 m . , M a r ch 22, b y H M. W a llis J r ., M a y o r , f o r $ 2 7,h a s a d o p te d an o r d e r a u t h o r iz in g th e M a y o r to p e t itio n t h e
000
w a te r b o n d s as f o llo w s :
L e g is la tu r e f o r a u t h o r it y t o issu e $20,000 p a r k b o n d s .
Series.
M a tu r ity .
I Series.
M a tu r ity .
M e m p h is ( T e n n . ) S c h o o l D i s t r i c t . — Bond Offering.— P r o ­
“ A ” ...........$10,000.............M arch 4, 1917 " C ” . ............$6,000......... ...M a rch 4, 1927
“ B ” ........... 6,000............ M arch 4, 1922 I “ D V ........... 6,000...............M arch 4, 1929 p os a ls w ill b e r e c e iv e d u n t il 1 p. m , t o -d a y (M a r c h 1) t>y A . B .
B o n d s a re d a te d M a r ch 4, 1902, a n d th e in te r e s t w ill be H ill, S e c r e ta r y , f o r $70,000 4£ b o n d s . S e c u ritie s a re in d e ­
p a y a b le s e m i-a n n u a lly . D r e u x A u g e r s is T o w n C le rk .
n o m in a t io n o f $1,000. In te r e s t w ill b e p a y a b le s e m i-a n n u a lly
H u d s o n , M a ss .— Bonds Proposed.— T h ia t o w n h as p e t i­ in N e w Y o r k C ity . P r in c ip a l w ill m a t u r e $25,000 in 1916,
tio n e d th e L e g is la t u r e f o r a u t h o r it y t o is su e $25,000 4 % 10- $25,000 in 1921 a n d $20,000 in 1926. -A c e r t ifie d c h e c k f o r
$2,000, p a y a b le t o A . B H ill, S e c r e ta r y , w ill b e r e q u ir e d w it h
y e a r r e fu n d in g b o n d s .
H y r u m S c h o o l D i s t r i c t , C a ch e C o u n t y , U t a h ,— Bond Sale. b id s. B o n d s a re issu ed u n d e r th e a u t h o r it y o f C h a p te r 123,
— O n F e b r u a r y 15 th e $6,000 H 5-2 0-year (o p tio n a l) b o n d s L a w s o f 1901.
d e s cr ib e d in th e C h r o n ic l e J a n . 18 w e r e a w a r d e d t o th e
M ilw a u k e e , W is .— Bonds Proposed. — T h e is s u a n ce o f $150,S ta te B o a rd o f L a n d C o m m is s io n e r s at 107.
000 e le c t r ic lig h t-p la n t , $50,000 p a rk a n d $85,000 b r id g e b o n d s
I n g h a m C o u n t y , M ic h .— Bond Election—O n A p r il 7 an is u n d e r c o n s id e r a tio n in th e C it y C o u n c il.
e le c tio n w ill b e h e ld to v o t e o n th e q u e s t io n o f is s u in g $4,000
M in g o ( P . 0 . M in g o J u n c t i o n , O h i o ) S p e c ia l S c h o o l D is ­
c o u r t-h o u s e b o n d s .
t r i c t . — Bond Offering.— P r o p o s a ls w ill be r e c e iv e d u n t il 12
J e l l l c o , T e n n .— Bond Election.—A n e le c t io n w ill be h e ld M ., M a r ch 3, b y W . L . D e v o r e , C le r k B o a r d o f E d u c a t io n ,
in th is c it y t o v o t e o n th e is s u a n ce o f $10,000 s t r e e t -im p r o v e ­ f o r $10,000 5% b o n d s . S e c u ritie s are issu ed u n d e r th e a u t h o r ­
m en t b o n d s .
it y o f S e c tio n s 3991, 3992 a n d 3993, R e v is e d S ta tu te s o f O h io ,
J e n n in g s , L a .— Bond Offering.— T h is p la c e on F e b . 18 T h e y are in d e n o m in a tio n o f $500. In te r e s t w ill b e p a y a b le
a u th o riz e d th e Is su a n ce o f $25,000 w a te r , $15,000 s e w e r a n d M a rch 1 an d S ep t. 1 a t th e M in g o N a tio n a l B a n k . P r in c ip a l
>10,000 b u ild in g 5% b o n d s . P r o p o s a ls f o r th e b o n d s , it is w ill m a tu re $500 e a c h s ix m o n th s .
la id , w ill b e r e c e iv e d u n t il A p r il 1.
M o n a c a , P a .— Bonds Voted.— T h is b o r o u g h o n F e b . 18, b y
K e n n e d y H e ig h t s , O h io .— Bond Election.— T h e V i lla g e a v o t e o f 248 t o 89, a u th o r iz e d th e is s u a n ce o f $11,000 w a te r
Council on F e b r u a r y 7 p a sse d a r e s o lu tio n t o s u b m it t o th e b on d s.

494

THE CHRONICLE.

M o u n t H e a lth y , O h io . — Bond Sale.— O a F e b r a a r y 24 th e
|i53ij 70 II 1-10-year (aeria l) s id e w a lk b o n Is d e s c r ib e d in t h e
(Jti c ..m o l l F e b , 1 w ere a w a rd e d to S . i s o n g o o d <Sfc M a y e r ,
C i n c in n a t i, at 100 0 10 an d a c c r u e d in te re st,
N a n t u c k e t, Muse.-— Bondi Proponed. —T h e q u e s tio n o f is s u ­
in g $50,000 r o a d b o n d s w ill b e c o n s id e r e d at th e c o m in g t o w n

[Y o u

Lxxrv.

Temporary Loan.— T h e c it y h a s, n e g o tia te d th e fo llo w in g
lo a n s ;
1 5 0 ,0 0 0

s e w e r - e o n s t r i i o t t o E n o t e s w it h B s t a b r o o k & C o ., B o s t o n . D a t e . F e b , 18,
1003. M a t u r i t y , N o v . 1, 1002.
2 5 .0 0 0 s c h o o l - b o u s e s a n d l o t n o t e s w it h C o m m i s s io n e r s o f D e x t e r D o n a t io n ,
D a t e , F e b . 13, 1902, p a y a b le o n d e m a n d .
18 .0 0 0 p o l i c e - s t a t i o n n o t e s w it h S i n k i n g F u n d C o m m i s s io n e r s , D a t e , Feb. 13,
1902, p a y a b le o n d e m a n d .

(J u ln ey , M a s s .— Bonds Proposed,—T h is c it y w ill p r o b a ­
b ly p e titio n th e S ta te L e g is la tu r e fo r a u th o r ity t o issue
$300,000 s e w e r and $30,000 w a te r b on d s.
Loan Authorized.—T h e C ity C o u n c il h as a u th o r iz e d loa n s
n o t t o e x c e e d $300,000 in a n tic ip a tio n o f th e c o lle c t io n o f
ta x es .
R a p id C ity ( 8 . D a k .) S c h o o l D i s t r i c t . — B e a d s to he Issued.
— W e a re a d v is e d th a t th is d is t r ic t p u rp os es is su in g G%10 o r
P re m iu m . I
P re m iu m .
New UcN a.t.B'k. Columbus. . *406 75 P eople’ s N at. Batik, Newark .. ..*288 10 20-year b on d s t o ta k e u p th e $10,500 o ld b o n d s m a tu r in g on
f e d e r , H olsm au a Co.. C in eln .. 100 00 | ft. iCterbolte A Co., C incinnati.. 105 00
J u ly 1, 1902, a n d t o r e tir e th e flo a tin g d e b t o f a b o u t $25,000.
N e w b u r y p o r t , M ass,— Bonds Proposed.— T h e C ity C o u n c il A n y in v e s to rs in te re ste d m a y a d d ress O . L . C o o p e r, S e cre ta ry
h as a d o p te d an o r d e r in s t r u c t in g th e M a y or a n d th e C ity S o ­ o f th e D is trict.
lic it o r to p e titio n th e S ta te L e g is la tu r e f o r a u th o r ity to issu e
R a p p a h a n n o c k C o u n ty , Y a .— Bond Election.—A n e le ctio n
$70,000 h ig h -s c h o o l-b u ild iu g b on d s.
has b een o rd e re d f o r A p r il 3 t o v o t e on th e q u e s tio n o f issu in g
N o r t h a m p t o n , M a s s .— B o n d s Proposed.—T h is p la c e has $50,000 bon d s to aid in c o n s t r u c t in g an e le c t r ic roa d ,
p e t itio n e d th e S ta te L e g is la tu r e f o r a u th o r ity to b o r r o w $50,R o a n o k e , V n .— Bonds Defeated.—T h e e le c tio n h e ld F e b ­
000 f o r w a te r p u rp oses.
r u a r y 20 re s u lte d In th e d e fe a t o f th e p r o p o s itio n t o issue
Loan Authorized. — T h e C ity C o u n c il has a u th o r iz e d a loa n $25,000 4% 30 -yea r p a rk a n d c e m e te r y b o n d s . T h e v o te w as
o f $175,000 in a n ticip a tio n o f th e c o lle c t io n o f ta xes.
188 f o r an d 330 a g a in st.
Bond Bill in Legislature.— A b ill is b e fo r e th e L e g is la tu r e
R o c k b r id g e
C o u n ty ,
V a —Bonds to he Issu e d .— T h is
p r o v id in g f o r th e is su a n ce o f $150,000 20 -yea r r e fu n d in g c o u n ty p rop oses t o issu e a b o u t $169,000 3)4% b on d s a n d re tire
s e w e r a n d $35,000 10-year r e fu n d in g r a ilr o a d -a id b on d s.
th e $150,000 5# ra ilr o a d a id b o n d s , w h ic h b e c o m e s u b je c t to
N o r t h P l a i n f i e l d ( B o r o u g h ) , S o m e r s e t C o u n ty , N. J . — c a ll J u ly 1, 1902.
Bond Sale — T h is b o r o u g h has s o ld an issu e o f $3,000 4#
R o m e , N. Y .—Bond Sale.—On F e b . 26 th e $14,408 10 3'%%
5 -y e a r ce rtific a te s t o J ose, P a rk e r & C o ., B o s to n , a t p a r.
re g is te r e d p a v in g b o n d s w e re a w a r d e d t o th e O n e id a C o u n ty
O ly p h a n t , P a ,— Bond Sale.—O r F e b r u a r y 26 $3,000 5% 10- S a v in g s B a n k o f R o m e a t 100'416, F o r d e s e tip tio n of b o n d s
y e a r se w e r b o n d s w e r e a w a rd e d a t p a r as fo llo w s : $500 to see Chronicle F e b . 22, p. 443.
N e llie M u r p h y a n d $2,500 to th e T itle G u a ra n te e & T r u s t C o.
S a g in a w , M i c h . —Bond Sale.—O a F e b . 27 th e $50,000 8 y2%
O r a n g e b u r g C o u n ty ( 8 . C .) S c h o o l D i s t r i c t N o. 7 0 .— r e fu n d in g w a te r b o n d s m a tu rin g M a y 1, 1922, a n d th e $10,Bond Bill Passes Legislature.— T h e L e g is la tu r e h a s passed a 000 3%% r e fu n d in g w a te r b on d s d u e M arch 10, 1922, w e re
b i ll e n a b lin g th is d is t r ic t t o issu e b o n d s .
a w a rd e d t o B lo d g e t, M e rr itt & C o ., B o s to n , at 101*933. T h e
O s c e o la C o u n ty , I o w a .— Bond Sale.—T h e $50,000 c o u r t ­ $8,000 3)4% s e w e r b o n d s o ffe re d for sa le o n th e sa m e d a y w e re
h o u s e a n d ja i l b o n d s o ff ere 1 f o r sa le on F e b r u a r y 25 h a v e n o t a w a rd e d . F or d e s c r ip tio n o f b o n d s see C hronicle F e b .
b e e n a w a rd e d t o G e o , M . B e c h te l & C o. o f D a v e n p o r t at 22, p. 443.
102‘95 f o r 4 p e r ce n ts. B o n d s w ill m a tu re $12,000 in fiv e
S t. C h a r le s C o u n ty , M.3.—Bonds Proposed.—T h e L e g is la ­
y e a rs, a n o th e r $12,000 in ten y e a rs, $6,000 e a c h in s ix , se v e n tu r e h as b e fo r e it a b i ll a u th o r iz in g th e C o u n ty C o m m is ­
a n d e ig h t y e a rs a n d $8,000 in n in e y ea rs.
sio n e rs to b o r r o w m o n e y f o r r e fu n d in g p u rp oses.
O s w e g o , N- T .— Bond Bill Passes Legislature.— T h e S ta te
S t. L o u is , M o .— B o n d Ordinance.—A n o r d in a n ce is b e fo r e
L e g is la tu r e h as pa ssed th e b ill r e fe r r e d to in th e C h r o n ic l e th e M u n ic ip a l A s s e m b ly a u th o r iz in g t h e ‘$5,000,000 3)4% b o n d s
D ec. 14, t h e r e b y a u th o r iz in g th e is su a n ce o f $550,000 3)4% 20- to b e issu ed f o r th e L o u is ia n a P u r c h a s e E x p o s itio n , T he
y e a r b o n d s f o r th e p u rc h a s e o f th e w a te r p la n t.
b o n d s are to b e in d e n o m in a tio n o f $1,000, d a te d A p r il 1,
O t s e lic ( T o w n ) , N. Y„— Bond Sale,—'T h is to w n h as s o ld to 1902. In te re st w ill b e p a y a b le s e m i-a n n u a lly a n d th e p r in ­
lo c a l in v e s to rs an issu e o f $55,000 b o n d s a t p a r f o r 3 ‘4%b on d s. c ip a l w ill m a tu re in t w e n t y years.
T h e b o n d s a re 87 in n u m b e r a n d v a r y in d e n o m in a tio n s
S a le m , O h io .— Bond Offering.—P r o p o s a ls w ill b e r e c e iv e d
f r o m $500 t o $8,000. T h e y w ill m a tu re y e a r ly on F e b . 1, as u n t il 12 h ., M a r ch 17, b y G eo. H o lm e s , C ity C lerk , f o r a
f o llo w s : $2,000 f r o m 1908 t o 1907, in c lu s iv e ; $2,500 fr o m 1908 $370 6% 1 -y ea r F r a n k lin A v e n u e im p r o v e m e n t b o n d b e a r in g
t o 1913, in c lu s iv e ; $3,000 fr o m 1914 to 1923, in clu s iv e .
d a te J a n . 2, 1902.
P a s a d e n a , C a l.— Bonds Be awarded.— T h e U n io n S a v in g s
S a lis b u r y , M d .— Bonds Proposed.—T h is p la ce seek s le g is ­
B a n k o f O a k la n d , w h ic h in s t itu tio n w a s a w a rd e d o n J a n . 20 la t iv e a u th o r ity to issu e fire -e n g in e bon ds.
t h e $300,000 4% b o n d s a t 101 '50 h as r e fu s e d to ta k e th e sa m e
S a n B e r n a r d in o , C a l.— Bonds Proposed.—P re sid e n t J . J.
a n d th e s e c u r it ie s h a v e sin ce b e e n r e -a w a r d e d t o th e F ir s t H a n fo r d o f th e C ity B o a rd o f T ru s tees r e c o m m e n d s th e is su ­
N a tio n a l B a n k o f P a s a d e n a a t 100'052,
a n c e o f $50,000 e le c tr ie -lig h t-p la n t b o n d s .
P a t e h o g u e , N. Y.—Bond Election,—An e le c t io n w ill b e
S a n b o r n C o u n ty , S . B.—Date of Bond Election.— T h e e le c ­
h e ld M a rch 18 t o v o t e o n t b e q u e s tio n o f is s u in g $10,000 tio n t o v o t e o n th e is s u a n ce o f $25,000 c o u r t-h o u s e b e n d s w ill
s e w e r b o n d s.
b e h e ld on M a rch 4, 1902.
P a w t u c k e t , R . I . —-B o n d s Proposed,— T h e C o m m itte e on
S a n g a m o n C o u n ty , 111.— Bonds Defeated.— T h e p r o p o s i­
C e m e te rie s r e c o m m e n d sp e cia l le g is la tio n t o a llo w th e is s u ­ tio n to issue $175,000 fu n d in g an d r e fu n d in g b o n d s su b m itte d
a n c e o f $125,000 bon ds.
t o th e p e o p le o n J a n . 14 fa ile d t o c a r r y b y 192 v o te s.
P e t e r b o r o u g h , O a t.— Debentures Voted.—T h is to w n has
S a n S a b a C o u n ty , T e x .— B o n d Election.—T he C o m m is sio n ­
v o t e d to issu e $230,000 3%% d e b e n tu r e s f o r th e p u rc h a s e o f ers’ C o u r t h as d e c id e d to s u b m it th e q u e s tio n o f issu in g
th e w a te r p la n t n o w in o p e r a tio n . S e c u ritie s w ill b e in d e ­ $16,000 b r id g e b o n d s to a v o te o f th e p e o p le . T h e se b o n d s
n o m in a t io n o f $1,000, d a te d M a r ch 1, 1902. In te r e s t w ill b e h a v e a lre a d y b e e n o n c e v o te d u p o n , b u t th e A t t o r n e y -G e n e ra l
p a y a b le s e m i-a n n u a lly in P e t e r b o r o u g h , P r in c ip a l w ill m a ­ has d e c id e d th a t th e e le c tio n w a s n o t h e ld a c c o r d in g t o la w .
tu r e D e c, 81, 1931. T h e d a te f o r th e sa le o f th ese s e c u ritie s
S a n t a M o n ic a , C a l.— Bond Sale,—O n F e b r u a r y 17 th e
h a s n o t y e t b e e n set. F . B r o w n s c o m b e is T o w n T r e a s ­ $35,000 5% 1-3 5-year (seria l) c ity -h a ll a n d th e $25,000 5% 1-25
u re r.
y e a r (seria l) b r id g e b o n d s w e re a w a r d e d to th e O a k la n d
P e t e r s b u r g , P i k e C o u n ty , l a d . — Bonds Authorized.—The B a n k o f S a v in g s a t 109'47, F o llo w in g a re th e b id s :
B o a r d o f T ru s te e s h a s a u th o r iz e d th e is su a n ce o f $2,500 4# O a k la n d B a n k o f S a v i n g s . . . . § 6 5 ,0 8 2 0 0 I E . JET. R o l l i n s & S o n s , S a n
. . . . . . . . . . . . . . . . § 0 2 , 4 6 7 00
b on d s. S e c u ritie s are iu d e n o m in a tio n o f $250, d a te d M a rch L a m p r e c M B s o s . C o ., C l e v e , . 63 ,5 8 8 00 | F r a n c i s c o
D e n is o n , P r i o r & C o . , O l e v e . . 6 3 ,2 0 3 50 | W . 3. H a y e s & Sons, C l e v e . . . 62 ,1 7 5 00
15, 1902, In te r e s t w ill b e p a y a b le F e b . 1 a n d A u g . 1 a n d th e M a s o n , L e w i s &■ C o ., C h i c . . . . 6 2 ,6 6 3 50 J
p r in c ip a l w ill m a tu re o n e -te n th y e a r ly .
F o r f u ll d e s cr ip tio n o f bon d s see Chronicle F e b . 1, p. 285.
P i t t s f i e l d , M a ss.— T e m p o ra ry Loan.—T h is c it y h a s b o r ­
S c h e n e c t a d y , N. Y .— Temporary Loans.— T h is c it y has
r o w e d $75,000 fr o m B o s to n p a rtie s a t 3A4%. L o a n w a s m a d e b o r r o w e d in a n ticip a tio n o f t h e c o lle c t io n o f ta x e s th e su m
in a n ticip a tio n o f th e c o lle c t io n o f ta x e s .
o f $8,000 f r o m ea ch o f th e f o llo w in g b a n k s : T h e S ch e n e c­
P l a i n f i e l d , U n io n C o u n t y , N. 3.—Bonds to he Offered t a d y B a n k , th e S c h e n e c ta d y S a v in g s B a n k , th e M o h a w k
Shortly.—W e are a d v is e d b y W . F . A r n o ld , C ity T re a s u r e r B a n k o f S c h e n e c ta d y a n d th e U n io n N a t io n a l B a n k o f S c h e ­
a n d C a sh ier o f th e C ity N a tio n a l B a n k o f P la in fie ld , th a t th is n e cta d y .
c it y w ill issu e in a f e w w e e k s a b o u t $40,000 4% s e w e r -e x ­
Bond Bill.—C h a p ter 58, L a w s o f 1902, a u th o riz e s th is c ity
ten sio n b o n d s . T h e c it y h a s a b o n d e d d e b t a t p resen t o f t o in cre a s e th e a m o u n t o f b o n d s w h ic h m a y b e issu ed fo r
$104,000 a n d a flo a tin g d e b t o f $4,500, T h e ta x v a lu a tio n h ig h s c h o o l p u rp o s e s fr o m $75,000 to $135,000,
a g g re g a te s o v e r 8)4 m illio n s o f d o lla r s , w h ic h to t a l is a b o u t
S h a m o k in , P a .— Bond Offering,— P ro p o sa ls w ill b e r e ­
50% a c tu a l v a lu e.
c e iv e d u n til 7 p. M , , M a r c h 3, b y th e S c h o o l B o a rd , J o h n
P o n d C r e e k , O k la —Description of Bonds,— W e are a d ­ H a rris, S e c r e ta r y , f o r $15,000 3)4% 5-30 y e a r (o p tio n a l) r e ­
v is e d th a t th e $25,000 w a te r b on d s, th e sa le o f w h ic h w a s fu n d in g b o n d s . T h irte e n b o n d s are in d e n o m in a tio n o f $1,000
r e c o r d e d in th e C h r o n i c l e la s t w e e k , w e r e ta k en b y th e an d fo u r o f $500 ea ch . In te r e s t w ill b e p a y a b le sein i-a n n u a lly.
O k la h o m a B o n d & T r u s t C o. o f G u t h r ie . S e c u ritie s a re in
S h e b o y g a n , W is . —Bond Offering.— P r o p o s a ls w ill b e re ­
d e n o m in a tio n o f $1,000, d a te d F e b . 2 0 ,1 9 0 2 , a n d w ill m a tu re c e iv e d u n t il 4 p, m ., A )> ril 7, b y J o h n F . A r m s tr o n g , C ity
in t w en ty y e a rs. In te re st w ill be p a y a b le se m i-a n n u a lly .
C lerk , f o r $50,000 b o n d s , S e cu ritie s a re in d e n o m in a tio n o f
P o r t C a r b o n , P a .— Bonds Not Voted Upon.—We a re a d ­ $100, d a ted J u n e 2, 1902, In te r e s t (ra te t o be n a m e d in bids)
v is e d th a t th e q u e s t io n o f is s u in g $5,000 d r a in a g e b o n d s w a s w ill b e p a y a b le s e m i-a n n u a lly in S h e b o y g a n . P r in c ip a l w ilt
n o t s u b m itte d t o a v o te at th e e le c tio n h e ld F e b . 18, a lth o u g h m a tu re in t w e n t y y e a rs, s u b je c t t o ca ll' a ft e r fiv e years. A
s o m e o f th e p a p e rs h a d it th a t s u c h a v o t e w a s to h a v e b een c e rtifie d c h e c k f o r 5%o f b id m u s t a c c o m p a n y p rop o sa ls.
ta k en .
S m it h C e n te r , K a n .— Bond Sale.—T h is p la ce has sold
P r o v id e n c e , R . I . — Bonds Authorized.— A n A c t a u t h o r iz ­ th r o u g h J . R . B u r r o w o f th e F ir s t N a tio n a l Bank $17,000 54
in g th is c it y t o issu e $130,000 b r id g e b o n d s h as passed th e 1-17-year (s e r ia l) r e fu n d in g b o n d s . S e cu ritie s a re In d e n o m ­
S tate L e g isla tu re .
in a tio n o f $1,000.
N a v a s o ta , T e x . — Honda Authorized.—T h e C ity C o u n c il h as
a u th o r iz e d th e is s u a n ce o f th e $15,000 c it y h a ll b o n d s v o t e d
at th e e le c tio n h e ld D eo. 10, 1001.
N e w a r k , O h i o ,— Bids, — F o llo w in g a re th e b id s r e ce iv e d
F e b r u a r y 10 f o r th e $40,572 U b o n d s a w a r d e d , as sta te d la st
w e e k , to th e N e w F ir s t N a tio n a l B a n k o f C o lu m b u s :

M arch

THE CHRONICLE

1, 1003.]

Texas.—Bonds Purchased by School F u n d .—Kelly & Kelly,
bond attorneys and brokers fcbf Topeka, have just concluded
a deal in which they sold to the State of Texas nearly $400,000 worth of bonds, of various counties in the State, pur­
chased by them from an- insurance company. The transac­
tion is said to be one of the largest of its kind in the history
of the State Permanent School Fund. The bonds were bought
in a single blook of an insurance company on the 18th inst.,
expressed to Austin and delivered and psid for by the State
Board of Education at Austin on the 18th inst. The amount
of money that was necessary to handle the deal was about
$390,000, and was furnished by the American National Bank
of Kansas City.
Thief Elver Falls Independent School District No. 18,
Red Lake County, Minn.—B on d Sale.— On February 20 the
$18,000 5£ 15-year school bonds were awarded to Trowbridge
& Niver Co., Chicago, at 102*31 for 4)^ per cents. Following
are the bids:

Somerset County, Md.— B ond B ill Passes S e n a te — The
Senate has passed a bill authorizing this county to issue
bonds to defray the expenses of the School Commissioners.
Springfield, Mass.—Bonds P roposed.— A bill before the
State Legislature provides for the issuance of $250,000
10-year refunding water bonds.
Sprlngileld, Ohio—Bonds Proposed.— This city seeks
legislative authority to issue $50,000 fire-department, $100,000 water and $20,000 street improvement bonds.
Stafford Springs, Conn.—Loan A u th orized .— 'The tax­
payers of this borough have voted to borrow $5,000 for the
purpose of paying a judgment obtained by James Wood.
Stevens County, Wash.—Bond Sale.— On Feb. 17 $35,000
10-20 year (optional) gold funding bonds were awarded to
the Spokane & Eastern Trust Co. at 102’02 for per cents.
Stillwater, Okla.—B onds D efeated.—The election held
Jan. 14 resulted in the defeat of the propositions to issue
$15,000 electric-light and $10,000 water bonds.
Sturbridge, Mass.—L oan A u th orized .— This town has
voted to borrow $2,500 to meet expenses of the smallpox
epidemic.
Stutsman County (P. 0. Jamestown), N. Dak.—Bond
Offering.— Proposals will be received until 10
March 3,
by L. B. Niemeyer, County Auditor, for $20,000 4% 20-year
refunding bonds. Securities are in denomination of $1,000,
dated April 1, 1902. Interest will be payable semi-annually
at the office of the County Treasurer, or in New York City,
as may be desired by purchaser. The county prefers that
purchasers furnish the blank bonds. A certified check for 2%
of the amount bid for must accompany proposals.
Swampscott, Mass.—B on ds P roposed.— This town has a
bill before the Legislature providing for the issuance of
$200,000 bonds for drainage purposes.
Taunton, Mass.—L oa n A u th orized . —The Council has given
the City Treasurer authority to borrow $300,000 in anticipa­
tion of the collection of taxes.
L oan Proposed.— The Council is considering an order rela­
tive to a loan of $5,000 for paving Bay Street.
Terry, Miss—B on d Sale.— On Feb. 18 the Board of Aidermen awarded an issue of $10,000 6% 20 year water-works
bonds to the New First National Bank of Columbus at

For 4)4 P e r Cents.
T row b ridge & N iv e r C o.. Chlc.118,417
First N ational B a n k ................ 18,180
P rich a rd -S ton e C o.................... 18,090
For 6 P e r Cents.
T r ow b rid g e & N iv e r C o.. C h i.219,087
P . M .,

h r o n ic l e

T ip p N at. B ank, T ip p e ’ e C ity .il,1 0 2 00
W . R. T o d d & Co. C in cin n a ti. 1,063 00
F irst N at. B ank, B a m e s v ille ,. 1,061 00

NEW LOANS.

NEW LOANS.

^ 9 8 ,0 0 0

BOND CALL.

^ 3 0 0 ,0 0 0

CITY OF COLUMBUS, MISS.,

3K% BONDS.

20-YEAR BONDS.

C ity C lerk’ s Office, City H all,
W a te rb u ry , C on n., F eb ru a ry 25,1902.
S ealed proposals w ill he r e c e iv e d a t th is office
u n til 8 o ’ clock P. M „ M O N D A Y , A P R I L 7 T H , 1902
(a t w hich tim e th e y w ill he op en ed in p u b lic at a
m e e tin g o f th e B oard o f A ld e r m e n ),fo r th e pu rch ase
o f th e fo llow in g -d escrib ed bonds:
$100,000 Storm W a te r D rain age B on d s, o f a
den om in a tion o f $1,000 each, bearin g in te re s t at
th e ra te o f 314 Per ce n t per annum , p a ya b le sem i­
annually. B on ds will be dated J a n u a ry 1st, 1901.
$4,000 o f said bODds will b e co m e d u e and pa ya b le
u p on th e . da te o f issue, as o f J a n u a ry 1,1902, and
$4,000 will b ecom e due and payable on th e first day
o f each succeedin g J anu ary th e r e a fte r u n til th e
final a m ou n t o f $4,000 b e co m e s du e and payable
Janu ary 1,1926.
*100,000 C onsolidated F u n d in g B on ds, o f a d en om l
n ation o f * 1,000 each, hearing in te re s t at th e rate o f
per annum , pa ya b le sem i-a n n u a llv . B on d s will
be dated Ju ly l, 1902. $10,090 o f said b on d s to
b eco m e due and pa ya b le J u ly 1, 1903, aDd $10.C0O
to b ecom e due and payable on th e first day o f each
su cceedin g J u ly th e r e a fte r until t b e final a m ou n t o f
$10,000 becom es du e and payable J u ly 1,1912.
Principal and In terest to be payable in N ew Y o rk
fun ds. T h e bonds w ill be cou p on . Bids sh ou ld be
m arked “ P roposa ls fo r B o n d s .” and add ressed to
M ichael J. R yan, C ity Clerk, C ity H all, W a terb u ry ,
C on n ecticu t, and to b e a ccom p a n ied by a certified
ch e ck , payable t o th e ord er o f th e City Treasurer,
f o r o n e p e r c e n t o f th e par v a lu e o f th e b on d s bid
fo r , as a gu a ra n ty o f g o o d fa ith upon tb e part o f
th e bidder. B ids sh o u ld in clu d e a ccru ed in terest,
and n o bid fo r less than par can be a ccep ted .
T b e rig h t to re je ct any and all bids Is reserved.
F o r fu rth e r in fo rm a tio n address,
M IC H A E L J. R Y A N , City Clerk.
W a te rb u ry , C onn.

S ea led b id s w ill h e r e ce iv e d b y th e M a yor o f said
City o f C olu m b u s, a t his office, u n til 5 o ’ clo ck P .M .,
M A R C H 11TH , 1902, f o r th e pu rch a se o f N in e ty e ig h t T h o u s a n d D olla rs C ity o f Colum bus, M issis­
sippi 2 0 -Y ea r B o n d s , in den om in a tion s o f $1,000
ea ch , a u th orized b y an A c t o f th e L eg isla tu re
a p p ro v e d F eb ru a ry 6th, 1902.
B ids t o be m a d e f o r 4%, i)4% a nd 6$ bond s. In te re s t
to h e pa id sem i-a n n u a lly at th e office o f th e S e c r e ­
tary and T rea su rer o f said C ity o f C olu m bu s. A ll
b ids t o he a ccom p a n ied by a certified c h e ck fo r
$1,000. T h e city reserv es th e rig h t t o r e je c t any
and all bids.
T h e to ta l in d eb ted n ess o f th e City o f C olu m bu s,
o th e r th an th is, is $70,000. A ssessed v a lu a tion ,
$2,500,000. A ctu a l v a lu a tio n , $4,c00,000. T a x rate,
$8'50 per th ou sa n d . T ota l in d eb ted n ess o f L ow n d es
C ou nty, in w hich C olu m bu s is situ a ted , is $15,000.
T h e a b o v e issue o f bonds is to re fu n d a like
n u m ber o f b o n d s issu ed t o th e P olu m bu s F a y e tte &
D eca tu r R a ilroa d C om ra n y or Bearer, F eb ru a ry 1st,
1882, p a ya b le in 20 years, and w h ose v a lid ity h as
b een s e ttled by th e U n ited States C ou rts.
C. L . L IN C O L N , M ayor.

M U N IC IP A L
AND

Public Service Corporation

A U S T IN , T E X A S , B O N D S
W IL L

PLEASE

THE

W HERE

FORW ARD

A U S T IN
NEW

D IR E C T

N A T IO N A L

R E F U N D IN G

BANK,

ARRANGEM ENTS
BANK

AT

COM PLETE

THE

ABOVE

F O R R E F U N D IN G .

H . P. H I L L I A R D ,
City T rea su rer.

MANKKRH,

121 Devonshire 8treet»
B 08T0N .

FA R SO N , L E A C H & CO.,

C H IC A G O .

NEW Y O R K .

C H IC A G O ,

BO STON ,
0 0 Devonshire Mt.

MUNICIPAL
RAILROAD
CORPORATION
C h o ic e

Blodget, Merritt & Co.,
B A N K E R S,

16 Congress Street, Boston.
1 5 W a ll H treet, New Y o r k .

STATE, CITY & RAILROAD BONDS.

BANKERS,
H . o n d n o c k Building,

E.

M U N IC IP A L , R A I L R O A D A N D C O R P O R A T IO N
B O N D S.

NOW A R E .

BOSTON.

M U N IC IP A L BOND8.
C. STANWOOD & C o .

SE N D F O R L IS T

BONDS

E. H. ROLLINS & SONS MASON, LEW IS & CO.
San F r a n c isc o .

TO W H O M IT M A Y CO N CERN :
N o tice is h e re b y g iv e n th a t p u rsu a n t to re s o lu tio n
du ly a d op ted b y th e C ity C ou n cil o f th e City o f M in­
n eap olis, on th e 18th da y o f D ecem b er, A . D . 1901,
th e said City o f M in n ea p olis w ill, o n th e first day
ol A p ril, A . D . 190)2, e x e rcise its rig h t a nd o p ­
tion t o pay, and w ill pay, a ll th o s e certa in ou tsta n d ­
ing b on d s o f th e City o f M in n ea p olis, issu ed a n d
sold pu rsuan t to a re s o lu tio n a d o p te d b y th e City
C ou n cil o n F eb ru a ry 16,1882, a p p ro v e d F eb ru a ry 20,
1882, t o th e a m ou n t o f $366,000, n u m bered co n se c u ­
tiv e ly fr o m 6 0 4 t o 9 6 9 , b o th N os. in clu sive, b e a r­
ing date A p ril 1, 188U . in den om in a tion s o f $1,000
each , bearin g in tere st at 4% p e r c e n t per annum , and
p ayable at th e op tio n o f th e C ity o f M in n eap olis a t
a n y tim e alter *20 years and not longer than
3 0 yeurs from the date ol their issue, w h ich
said b on d s are h ereb y ca lle d in , and th e h o ld e r ,
th e r e o f are h ereb y n otified and re q u ire d t o p resen t
th e said bonds f o r paym ent t o th e U n ited States
M ortga ge & T ru st Co., 59 C edar Street, in th e C ity o f
N ew Y o r k , N . Y , o n th e said 1st day o f A pril, A . D .
1902, at w hich tim e said b o n d s a n d e a ch th e r e o f w ill
cea se to bear in terest.
JO SH U A ROGERS.
C ity C om ptroller.

March Investments.

H O L D E R S OF

BONDS.

D en ver.

City of Minneapolis, Minn.

A U S T IN , T EXAS.

TO

H a rry E. W e il, C in cin n a ti....... $1,052 50
P. S. B rig gs & Co.. C in cin ........ 1,040 60
L a m p reeh t B ro s. C o., C le v e ... 1,020 67

Toledo, Ohio.—Pond Bill Passes Senate.— The Senate has
passed a bill which enables the city of Toledo to issue $175,000 boulevard bonds.

111-20.

W ATERBUKY, 0 0 N N .,

For B P e r Cents ( Cont.) r
00 F ir st N a tion a l B ank................. $18,990 OO
00 P r ich a rd -S to n e C o.................... 18.910 00
CO T . B. P o tte r , C h ica g o ............... 18,077 OO
K a n e & Co.. M in n ea p olis........ 18,690 00
00 T h o r p 'B r o s ................................... 18,201 00

Thomaston, Da.—B ond Offering.— Proposals will be re­
ceived until 8
March 4, by James ft. Atwater, Mayor,
for $10,000 gold bonds. Securities are in denomination
of $500, dated July 1, 1901. Interest will be payable Jan­
uary 1 and July 1 at the office of the City Treasurer. Prin­
cipal will mature $500 yearly on January 1 from 1906 to
1925, inclusive. Accrued interest is to be paid by pur­
chasers. Bidders are required, to be satisfied as to the legal­
ity of the bonds before bidding. A certified check for $1,000
must accompany proposals.
Tippecanoe, Ohio.—B o n d Sale.— The highest bidder on
February 21 for the $1,010 street improvement bonds de­
scribed in the C
Feb. 15 was that of the Tipp Na­
tional Bank of Tippecanoe City at 109*10. The bids follow :

A . M .,

NEW LOANS.

495

BONDS.

INVESTMENT BONDS.
8E N D

FOR

L IS T.

I n a n e ..

Street Railway and Oas Companies.
LIH T ON A P P L IC A T IO N .

DENISON, PRIOR & CO.
C LE V E LA N D .

B O S TO N .

C H R O N IC L E

496

T o p e k a , K a n ,— -B ond Offering. — P rop osa ls w ill b e re ce iv e d
u n til 5 r. M,, M a rch 8, b y J . H , S q u ires, C ity C le rk , f o r
$85,000 (m o r e o r less) 5# l-lO -y e a r (s e r ia l) im p r o v e m e n t
b on d s. In te r e s t o n tb e a b o v e b o q d s w ill b e p a y a b le se m i­
a n n u a lly . A c e rtifie d c h e c k f o r 5# o f th e a m o u n t o f b id
m u st a c c o m p a n y p rop osa ls.
'T roy, N. Y .— Bund Sale,—Un F e b r u a r y 25 th e $15,4-30 4#
1-2 0 -yea r (se ria l) public- im p r o v e m e n t b on d s w e re a w a rd e d
to M. A . S tein o f N e w Y o r k C ity a t 105*51, as w as a ls o the
$0,800 8)4% 1-20-year (a eria l) p u b lio -im p r o v e m e n t b o n d s , tb e
p r ic e p a id f o r th e la tte r b e in g 101*27. F o r a e s c n p t lo n o f
b o n d s see Chronicle F e b . 15, p. 394.
W a s h in g to n . - B o n d Issue.— T h is S ta te h as issu ed s in c e ou r
la st re p o rt $35,000 3%% b o n d s t o th e S ta te P e rm a n e n t S c h o o l
F a n d . T h is m a k es 250 o f s u c h b on d s issu ed to d a te , o r an
a g g r e g a te o f $1,250,000, e a c h b o n d b e in g f o r §5,000.
W a t e r b a r y , C o n n *—Bond Offering.— P r o p o s a ls w ill b e re­
c e iv e d u n til 8 p . M., A p r il 7, b y M ich a e l J. R y a n , C ity C lerk ,
f o r $100,000 3%% s to rm -w a te r -d ra in a g e b on d s, d a te d J a n . 1,
1901, a n d $100,000
c o n s o lid a te d fu n d in g 'b o n d s , d a ted J u ly
1,1902. S e cu ritie s a re in d e n o m in a tio n o f $1,000. In te r e s t w ill

B o n d s a re d a te d A p r il 1, 1902, a n d m a tu re A p r il 1, 1912,
s u b je c t t o c a ll $1,000 y e a r ly f o r fo u r y ea rs and $16,000 a fte r
fiv e y e a rs. In te re st w ill b e p a y a b le se m i-a n n u a lly .
W es t C o v in g t o n , K y ,—Bond Offering— P r o p o s a ls w ill be
r e c e iv e d u n til 12 M., M a rch 8, b y T h u s. D o d d , C ity C le rk , fo r
$1,500 i%% 5 y e a r s tre e t-im p r o v e m e n t b on d s. S e c u ritie s are
in d e n o m in a tio n o f $100, d a te d J a n . 28, 1902. In te re st w ill
b e p a y a b le sem i a n n u a lly .
W h a t c o m C o u n ty , W a s h .—Bond Sale,— O n F e b r u a r y 15
$300,000
r e fu n d in g b o n d s w e re a w a rd e d t o th e S p ok a n e
& E a stern T r u s t C o. at 102*625 a n d a c c r u e d in te re st. F o l ­
lo w in g a r e tb e bid s :
Spokane & Eastern TrustlCo. **205,260 I New 1st Nat. B ’ k, C olu m bus...$200,815
E. 11. Hollins &, Sons, San
I B essongood & Mayer. O incln... 200,688
F ra n cisco ............................. .
205,600
R K leybolte & Co., Cinoln..... 200,600
Unton Bank & T ru st C o............ 201,200 Mason, Lewis & C o „ Chic ..... 200,260
Denison, P rior & Co., C le v e .... 201,001 | S. A . Kean (less %%)........
200,000
* A nd accrued Interest.

S e cu ritie s a re in d e n o m in a tio n o f $1,000, d a te d J a n . 1,1902.
In te r e s t w ill be p a y a b le s e m i-a n n u a lly in N e w Y o r k C ity .
P r in c ip a l w ill m a tu r e in 20 y e a rs , s u b je c t t o c a ll a fte r 10
years.
W h it e h o u a e , O h io .—Bonds Proposed, — T h is v illa g e seeks
le g is la tiv e a u th o r ity to issu e $5,000 w a te r b on d s.
W h it t ie r , C a l .—Bonds Voted.— T h e e le c tio n h eld F e b r u a r y
18 r e su lte d in fa v o r o f is su in g th e $2,500 r e s e r v o ir a n d $2,500
fire -a p p a ra tu s
1-40-year (seria l) g o ld b o n d s . T h e v o te w a s
93 f o r t o 7 a g a in st. N o d a te h a s b een s e t f o r t b e sale o f
th ese b on d s.
W i l l i a m s p o r t , M d .—Bonds Proposed.— A t tb e m u n ic ip a l
e le c tio n M a r c h 8 tb e B u rg es s a n d th e p resen t B o a rd o f C o m ­
m ission ers w ill sta n d f o r re -e le ctio n . T b e is su a n ce o f $5,000
b o n d s f o r an a u x ilia r y e le c t r ic lig h t p la n t t o b e ru n b y
w a te r p o w e r is o n e o f t b e issu es o f th e ca m p a ig n , a n d is a d ­
v o c a te d b y th e p resen t a d m in is tra tio n .
W o r c e s t e r C o u n ty , Mass.—Temporary Loan.— T h e C o u n ty
C o m m is sio n e rs o n F e b . 25 a w a rd e d a lo a n o f $100,000 to
G eo. M ix te r, B o s to n , at 8*44$. L o a n w a s m a d e in a n tic ip a ­
tio n o f th e c o lle c t io n o f ta x e s a n d w ill m a tu r e $50,000 o n
O ct. 15 a n d $50,000 o n D e c. 15, 1902.
Y a te s , IN. Y .—Bonds to be Issued,—T h is t o w n p ro p o se s to
issim $48,000 5% 1-12 y e a r (seria l) r e fu n d in g r a ilr o a d -a id
| bon ds.

b r p a y a b le se m i-a n n u a lly . O f th e w a te r -d r a in a g e b o n d s ,
$4,000 w ill m a tu re as o f J a n u a ry 1, 1902, a n d $4,000 y e a rly
th e r e a fte r u n til J a n . 1, 1926; th e fu n d in g b o n d s w ill m a tu re
$10,000 y e a r ly o n J u ly 1 fr o m 1903 to 1912, in c lu s iv e . A c e r t i­
fie d c h e c k f o r 1% o f th e p a r v a lu e o f th e b o n d s b id f o r , p a y ­
a b le to tb e C ity T r e a s u r e r, m u st a c c o m p a n y p rop osa ls.

The official notice of this bond offering will be found among
the advertisements elsewhere in this Department,
W a t k in g y ill e , d a —Bonds Voted,— T h is to w n o n F e b r u a r y
19 v o t e d t o issu e $5,000 s c h o o l b o n d s .
W a v e r ly ( 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,— O n F e b r a a r y 22 $20,000
r e fu n d in g b o n d s w ere
a w a rd e d to G-eo. M . B e c h te l & C o ., D a v e n p o r t, a t 101*07.
F o ll o w in g a re th e b id s :
G eo. H . B echtel & Co., D ayI State Bank o f W av erly..........$20,100 00
enport....................... ..............$20,211 00 I Denison, P rior & Co.. C le v e .. 20,058 00
John N uveen & Co.. Chicago. 20,212 00 I R. K ley b olte & Co., C in o m ,.. 20.010 00
N. W. H arris * Co., C h ica g o.. 20,108 00 W. J. H ayes & Sons, C le v e ,.. 20,1.10(0
T. B. P otter. C hicago............. 20,107 00 I

IN V E S T M ENTS.

INVESTMENTS.

INVESTM ENTS.

N. W. HARRIS & CO., Geo. D. Cook Company,
BANKERS,

INVESTMENT SECU RITIES ,

31 NASSAU ST., NEW YO R K .

C o u n se lm a n B u ild in g , 2 3 8 La S a ile S t.,
C H IC A G O .
B ro a d E x c h a n g e B u ild in g , 25 B ro a d S t ,
NEW Y O R K .

C H IC A GO.

BOSTON

S ea l exclusively In M unicipal,
R a ilro ad and other bonds adapted
for trust funds and savings.
ISSUE TRAVELERS' LETTERS OT CREDIT
A VAILABLE IN A IL PASTS OT THE WORLD
Quotations furnished fo r purchase, sale or exchange.
W E OFFER,

TO Y IE LD

A B O U T 5%,

Issue,

M U N I C I P A L and
CORPORATION

BANDS

w v su o

8% t o 6%a lw a y s o n h a n d .

OUKE M. FARSON &CO.

8 3 0 0 ,0 0 0
( T o ta l

M e x ic a n G o v e r n m e n t a n d S t a t e B o n d s .

Netting f r o m

1 1 5 D earborn S t,, C H IC A G O .

$ 1 ,0 0 0 , 0 0 0 )

Butte Electric & Power Go.

Send fo r our Investm ent Otreolarn

B u t t e , M o n t.,

5% B O Y D S

&

per

cen

1 s t M o r t g a g e S in k in g F u n d
Gold B o n d s.

LXXIV.

[V O L .

8 9 0 ,0 0 0
MARION

LIG H T & HEATING

CO.

5 % F ir s t M o r tg a g e B o n d s .
T O T A L ISSUE. $150,000.
$ 7 ,0 0 0 .... . . . J u l y 1 ,1 9 0 9
* ‘■',000...
$8,0C 0___ . . . J a n . 1, 1910
* 7 ,0 0 0 ... . . . . J u l y 1 ,1 9 0 8
$ 7 , 0 0 0 ..,.
$ 7 ,0 0 0 ... . . . J u l y 1 ,1 8 0 7
$ 8 ,0 0 0 ,.., . . . J a n . 1 .1 0 1 1
*b ,6 C 0 ... . . . . J a n . 1 ,1 0 0 8
$ 7 ,OOP... . . . . J u l y 1 ,1 9 1 1
* 7 ,0 0 0 ... . . . J u l y 1, 1908
$ 8 ,0 0 0 , .. . . . J a n , 1, 191 2
$ - .0 0 0 ... . . . J a n . 1, 1909
N e t e a r n i n g s , $ 8 5 ,5 0 0 o n E l e c t r i c L i g h t P l a n t .
N e w H e a t in g P la n t , r e c e n t ly p u t in o p e r a t io n , i n -

ciuaea m m ortgage.
City o f M arion, Ind., P opulation , 22,000.
P rice to net,
per cent.

I. F . W I L D

&

CO., B a n k e rs,

I n d ia n a p o lis , In d .

BA TH (N. Y.)
EL EC T RI C & GAS LIGHT
COMPANY

A S P E C IA L T Y ,

D enom ination, $1,000. M aturing 1 to 30 years.

Rudolph Kleybolte & Go.
1 N A S S A U S T .. N E W

Y O R K C IT Y .

I D W . C. JONES & CO.,
SEW Y O R K ,

T . B. P O T T E R ,

MacDonald, McCoy & Co,,
MUNICIPAL

AND

CORPORATION

M U N IC IP A L and
CORPORATION

BONDS.

171

La Salle Street, Chicago,

171

B

u n ic ip a l

LA

SALLE

onds

CH IC A G O ,
U T»T

&

M U N I C I P A L BONDS.
High-G rade City, County, Tow n and School B ond.
Usned in leading prosperous States o f th e Union,
especially adapted for safe and perm anent invest
m ent for Estates and Trust Funds.

-

-

ILLS.

1st M ort. S in k in g Fu n d G o ld S V ft B o n d sDue 1 9 2 5 .
R e d e e m a b le a t 1 1 0 a f t e r 1 9 1 0 .

N et e a r n in g s e q u a l to th ree tim e s it s in ­
te r e s t c h a r g e s . P a r t ic u la r s on a p p lic a tio n .
W e offer a lim ite d a m o u n t to net 5W?L

C. H. W H ITE & CO,
BANKERS.

A PPU TO A V IO N .

PHELPS,
*

New Y o rk -

IN V E S T M E N T B R O K E R S ,

HIGHEST GRADE RAILROAD

_____________ B O Y D S . ___________
W e o w n an d offer

r i B road w ay,

-

N ew Y o r k .

J. Arnold Scudder& Company
b o n d s

.

4 7 B o r d e n B l o c k , Chicago.

$ 1 5 0 ,0 0 0

M ayer,

S . W , C o r n e r T h ir d a n d W a l n u t S tre e t*.
C IN C IN N A T I, O H IO .

ON

15 W a ll S tre e t,

,

STREET,

-

VICKERS &

C H IC A G O .
Seasongood

HQ

d a m

172 Washington Street,

F. R . F U L T O N & C O .,
M

-

P H IL A D E L P H IA ,

1 NASSAU STREET
112 SO. FOUBTH STREET

S O C O R R O C O U N T Y , N. M.,
F u n d in g 5 s , d ue 0 0 - 3 0 y e a r s .
D e s c r ip tiv e C ir c u la r Upon A p p lic a tio n .

T R O W B R ID G E
F ir s t

N a tio n a l

Bunk

& N IT E R
B u ild in g ,

CO.,
C h ic a g o .

T E X A S BONDS.
A p p r o v e d by

th e A tto ru e v

O e u e v u l.

T h i s I s s u e o f b o n d s o f f e r e d u f p u r u u d tut

UAH K V

»-

I 'O W K U

A

\X o o d a i o e k . V I'riimm.

C O ..