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Quotation Supplement (Mommy) Street RailwaySupplement (5cm
iAnnual!)^
Investors Supplement (Q««iy) Stale and City Supplement(^w^
UCntierort »ooor u n it*
\ot >f Congress, tn r,ne year 1902, by the W il l ia m B. D ana C o m p a n y , in the offloe o f the Librarian o f C on gress.]
VOL. 74.
SATURDAY, MARCH 15, 1902.
©hrumcle.
Week ending March 8.
Clearing! at—
PUBLISHED WEEKLY.
Terms of Subscription—Payable in Advance:
For One Y ear___________________ _____ -_____ - ................ ..$10 00
600
For Six Months............ ............................... .......................
European Subscription (Inducting postage)— . . . . . . . . . -------- - 13 00
European Subscription Six Months (Inoludlng poetage).......... 7 60
Annual Subscription In London (inoludlng postage)............ a 2 14s.
SlxMos.
do.
do.
do.
. . . . . . . . . . . 4 1 11s.
Above subscription inoludes—
B ank & Quotation Supplem ent i St b b b t R a i l w a y Supplem en t
I nvestors ’ Supplem ent
1Sta te and Cit y Supplem en t
Terms of Advertising—(Per Inch Space.)
B oiton ..................
Provldenoe.......... .
Hartford...............
New Haven...........
Springfield.............
Worcester..............
Portland................
Fall River..............
Lowell....................
New Bedford........
Holvoke.................
Total New Bag...
Chicago..................
Transient matter............... $4 20 Three Months (13 times).. $29 00 Cincinnati..............
Detroit...................
STANDING BUSINESS OAKDS.
Six Months
(26 “ ).. 50 00 Cleveland..............
Two Months
(8 times).. 22 00 Twelve Months (52 “ ).. 8700 Milwaukee.............
Columbus..............
Indianapolis...........
Peoria....................
Messrs. E d w a r d s A 8 m i t h , 1 Drapers’ Gardens, E. O., will take sub Toledo..................
scriptions and advertisements, and supply single oopies of the paper Grand Rapids........
at Is. each.
Dayton .................
Bvansvllle.............
W I L L I A M B . D A N A C O M P A N Y , P u b li s h e r s ,
Youngstown..........
P in e S treet, C o rn er o f P e a r l S treet,
Springfield, 111.......
Lexington.............
Post Office Box 958.
N E W Y O R K . Akron....................
Kalamazoo.............
Rockford...............
Springfield, Ohio...
CLEARING HOUSE RETURNS.
Canton ..................
Jaoksonvllle. 111....
The following table, made up by telegraph, eto., indicates Quincy..................
Bloomington.........
that the total bank clearings of all the clearing houses of Jaokson
.................
the United States for the week ending to-day, March 15, Ann Arbor.............
Mansfield..............
have been $2,147,359,029, against $2,153,728,112 last week and
Tot. Mid. West’n.
London Agents:
$2,152,897,461 the corresponding week last year.
San Franolsoo.......
Salt Lake City.......
Portland.............. .
Los Angeles..........
New York................. ........................ 11,102,452,728
-4'6 Seattle...................
$1,155,738,186
Boston............ ..................................
112.150,822
114,493,940
- 2 0 Spokane.................
00 370,003
71.101,900
+27-1 Tacoma..................
Philadelphia................................... .
Baltimore..........................................
19,096,849
19,807,348
4-1*4 Helena...................
Fargo.....................
140,108,081
Ohloago..............................................
112,908,953
+241 Sioux
Falls.............
St. Louis............................................
31.139,972
42,123,008
+ 23-4
Total Paoiflo.......
11,302,963
New Orleans..................... ................
10,684,315
+6*8
$1,518,164,115
Seven cities, 6 days..................... 51.617,930,527
-00 1 Kansas City...........
250.047,019
220,103.926
+16*7 Minneapolis...........
Other cities, &days..................... .
Omaha..................
$ t,738,2d8.04 L
+2*1 St. P aul....... .; ......
Total all cities, 6 days.................. $1,774,887,208
372,471.823
414,029 420
-10*2 Denver..................
AU cities, 1 day.................................
St. Joseph..............
$2,152,897,461
Total all cities for week.............. $2,147,359,080
—0*8 Das Moines........... .
Davenport............
The full details for the week covered by the above will be Sioux City..............
Topeka..................
given next Saturday.
W e cannot furnish them to-day, Wlohita.................
clearings being made up by the clearing houses at noon on Fremont................
Colorado Springs...
Saturday, and hence in the above the last day of the week
Tot. other West..
Clearings— H eturne bv Telegraph.
W eek Snding M arch IB.
1003.
1901.
P .C e n i
has to be in all cases estimated, as we go to press Friday
St. Louis................
night.
New Orleans..........
Louisville..............
W e present below our usual detailed figures for the pre Galveston..............
vious week, covering the returns for the period ending with Houston.................
Savannah..............
Saturday noon, March 8, and the results for the correspond Richmond..............
ing week in 1901, 1900 and 1899 are also given. Contrasted Memphis................
with the week of 1900 the total for the whole country shows Atlanta..................
Nashville...............
a loss of 4-8 per oent. Outside of New York the increase Norfolk..................
Augusta.................
over 1901 is 16’0 per oent.
Knoxville..,..........
Clearings
at—
New York..............
Philadelphia..........
Pittsburg...............
Baltimore..............
Buffalo..................
Washington...........
Albany..................
Rochester.,...,......
(Syracuse...............
•wanton................
Wilmington...........
Binghamton...........
Chester ................
Greeusburg...........
Wheeling. W. Ya..
Wilkes Barre.........
Total
W eek ending M arch
1902.
NO. 1916.
8.
1901.
1902.
1900.
1899,
P. Oent.
$
$
$
1,687.987,800 -14 0 088 390.702 301,879 887
109,001 911
90 001 671 +31 0 83,200.478
03 903 673
30,17(J070
80 504 614 -007
20.048 884
19 000 850
—TO
21 3 78 996 22 092 080
20 805 438
31,010 258
6 608,774
+ 1*6
5410205
4 633 478
4 809 477
4,442,280
2,890 812 +63*7
8 058,074
2 800 675
8,'80,710
2,730,104 + 18*2
2 301,304
2,100.000
1,930 903 +20 0
2,852,118
2414910
2013065
1,218 748
+4-9
1,101,783
1,016,028
1,080.281
1,436,841
1,899,550
4 2*0
934,843
958,127
019 249
969,488
+4 8
890,086
818 010
811,000
415,500 -20Z
800 200
880,100
808.820 +186
80J 447
207 272
240.000
404,101
821,080 +44*1
860,000
210.000
634 718
022.793 -141
729,822 Not Inolude d In tot al.
1,5 1,040,0 0 1706 104 840 —140 1,180 407 8 0 ) 1.871 557.790
Fort Worth...........
Birmingham..........
Macon....................
Little Rook............
Chattanooga..........
Jacksonville...........
Beaumont..............
Total Southern...
Total all..............
Outside N. York..
CANADA—
Montreal...............
Toronto.................
Winnipeg..............
Halifax..................
Hamilton...............
St. John.................
Victoria.................
Vancouver.............
Ouebeo....... ...........
Ottawa..................
T o*r'
1902.
$
143.082,047
0 498 800
8,108 085
1.617,610
1.524.302
1.04 >.795
1,353,083
1070,027
519 063
076,050
802 Oil
161,504905
1903.
1901.
P. Cent.
$
+8*9
138 950 237
7.818 400 —11*2
+28*6
2,663 b5l
1,876 778 +20*6
+9*4
1.893 031
1,853 843 + 2 i'2
+15*4
1,172 190
728 201 +43*8
+0*6
510,618
304.144 + 85*7
842 222
+58
+8 5
160,078,818
900.
1899.
$
»
110,473 02? 127,679,038
6,588 800
6,077 000
2,708 8 8
2 882 958
1,328 710
1.078 002
1.220 *87
1 748 909
1,107 530
15 >5 989
968,672
1.457 881
121,889
887,802
411.27’
738 040
417,800
880 889
801,104
850,000
181,430,172 146 182 734
192 050,818 147,908,238 +298 129,899 843 132 874 430
18 021,150 +10*4
15,811 260
20,507.000
14,203 900
+9*1
8 050 099
9 107 008
10 000,000
7.004104
+9 0
9 858,826
13,898 701
12,472 870
9 110.784
+0 2
0 356 432
6,332,030
6,749 083
5,248.960
4 064 400
5,881.800 +13 8
6 098,700
4 294 000
8.617,703 +48’7
2.085 918
5 230 827
2.218,787
2,670 022 +58*0
1 922 843
4.069 881
1,085 871
2 297,452
+10
S 270.502
2 320 933
1 658 178
+12*2
1,200.414
1 332,923
1 494.764
1.009,301
3,101.061
1,199.103
+8*8
1.304,090
807 997
9O8.80Z
9 6,834 —17*4
748.851
649,279
851.480 +59 2
429 8-5
559,208
879 948
010 407
800.888 420-7
966.883
658 878
655 867
640,838 +14*2
781.059
859 765
884,000 + 8 8 * 6
401,000
704 600
804,200
333.652
401.072 +82*0
489.528
852.429
+2*9
440 230
412,970
424,884
844 463
295,320
884.154
810,120 +230
216177
310,389 +37*1
249,062
425.680
806.287
190,541
170 640 +182*9
897,068
116,000
+7*6
350,000
512,826
476.028
833,908 +123*5
880,660
408,201
189,862
137.078 +3 7*8
___
70,804 +69*4
121 601
55,000
75,000 +106*0
199,170
+25*2 188 208,088 184 709,718
871.815.771 217,179,483
26,589 741
8,195,129
2 832,496
4,628 810
8,145,400
1,630,088
1.129.660
430.952
549.164
316,506
14,433.392
22,108,501
2 851.911
2.202 059
8,309.039
2 800 650
1,060.425
1.103,021
034 385
839 607
2 11 493
85 030,031
+19*9
+41*9
+28*0
+89*9
+31-8
+55*8
+2-4
—3P2
+81*9
+ 49*7
+246
19 371 930
1,908,596
1,936 838
2,210,107
2,035 665
1,111,928
001,747
616,000
290,3 >9
162,783
80 601,803
18 019 604
1 720,372
1 832,898
1,704,313
1,250,000
1,077,092
743 526
813,814
834 152
153.180
2? 684 849
18.748.362
11,592,859
8,478,754
5,823 182
4,080.185
6,444 301
8 714.308
8, >99,333
1,909,859
1.521,874
861.902
216 499
700,000
06,980,508
15,741478
8.990.700
0 835 812
4 902,369
4,390,663
4 057,052
2,391,050
1,698,041
1 450,481
1,858,001
693.178
233.023
969 783
68,695 367
+19*1
+280
+24-0
+10*8
+0-8
+84-8
12,110 975
0,570 841
6 992 894
3,973.81?
4.116,517
8,871,801
1,661,864
1,803,342
1,010,490
589 121
590,452
210,710
10 835 807
8,875,722
4 205,790
4 223,318
3 068 884
2 500 000
1,070 412
841,046
1,081,276
714 401
483 201
188.615
44 910,380
38,729 000
86 750.540
12 839 757
8.022 827
3 427 000
4,070.t73
5,075 714
8 4H8 078
3,788 120
1.841 480
1,413 051
1.874 245
1,860+24
527 701
682 731
800 000
007 000
541 946
448,188
290 221
31.083 829
9,202 346
7 840,783
3 180.460
2.840,051
1.932,200
3 000 217
2,125 829
1,515.000
1.248,785
1.040,477
919,198
509,000
853.978
601 184
533,000
881 847
290 397
225,801
18 140 *71
21 844 462
10,108 971 +88*1
8 006 873
14,084 375
12,038 644 + 12*9
1,773 911
3 804 418
2 145 911 +807
1,252 6H4
1570,814
+11*4
1 757 172
815 884
-0-6
878,081
H82 790
591 028
7<4,492
+49
770.080
500 0«7
677.174
-81-0
398 130
601,028
+0 4
767.802
720 912
1,810,913 Not include <1 In tot al.
8,028.819 Not Inolude dIn tot al.
43 8'-* +72
86 7*0 U0U 4-91 *8 87 4t0 094
17,378 511
10,277 317
1.803,787
1,918,068
702 849
581 578
648.097
498,827
*0 595,026
62 307 829
12 868 807
14.187,700
9 288 230
10 657 008
4,014 65U
8,238,600
4,218 468
6,500,000
8 043,876
8,002,866
8890.051
4,120 330
8,873 850
8 718 502
2,083 034
2 841,079
1,854 723
1,600720
1.316,741
1,406,930
1,083,393
1,180,807
708,023
801.930
1.548,110
1,130 900
1.120,000
1,126,000
720,000
712,000
810,409
708 678
616,078
422 476
837.498
400 522
880,981 Not Include d
108.973,856 94 408 470
2,163,728 112 2,363,701 619
840,489.245 794,798.718
+66*i
+ 83*0
+35 8
+12*4
+43-5
-6-0
-27*1
+23-0
+20 0
+9-0
+16*4
-18-2
+80-4
-16-9
+ 6 -9
+10*2
+14*9
-1 0 0
+ 6 '2
-390
+ 0-6
-27-0
+ o-&
-1 * 1
+9 4
+22 0
+20 4
In tot al.
08,953 943
+164
87,708,170
-4-8 1018 601 621 1,830 878 043
+10 0 030110 759 034 908.050
88,004,514
548
THE CHRONICLE.
THE FINANCIAL SITUATION.
There have been a number of unfavorable develop
ments this week, but these have had comparatively
little influence in the financial markets, thus reflect
ing the continued belief in the inherent strength of
the situation. On Monday came the news of the se
vere British reverse experienced in South Afrioa, with
the capture of Lord Methuen and a large number
of British troops. As the week has progressed it has
become apparent that the importance of the affair
was exaggerated. The strike of the freight-handlers
at Boston was another untoward occurrence involving
some serious aspects. It assumed larger dimensions
with each succeeding day, but Thursday night the
labor leaders consented to call the strike “ off.” There
have been labor troubles in other parts of the cou n
try, too. For instance, there was a strike of the
switchmen and other trainmen on the Rocky Moun
tain Division of the Northern Pacific, with head
quarters at Missoula, Montana. The difficulty there,
too, it is understood, is in the way of being over
come.
At Fall River the cotton mill operatives threaten to
stop work. The situation there has not worn an as
suring look for some time. On the 26th of February
the Cotton Manufacturers7 Association announced a
voluntary advance in wages of 6 per cent, the increase
to become effective April 7. The operatives, how
ever, wanted an addition of 10 per cent and the next
day Mr. Borden posted notices that he would grant an
increase of that amount at his mills (the mills of the
Fall River Iron Works Company), and that he
would put the higher schecule into effect on the
17th of March. This made the operatives at the
other mills more insistent than before on a 10per-cent increase, and considerable correspond
ence ensued between the Executive Committee of
the Cotton Manufacturers7 Association and the offi
cials of the Weavers7 Union and the Textile Council,
these two latter representing the operatives. On
Friday of last week Secretary Hathaway, of the Manu
faoturers7Association, officially notified the labor bodie8
by letter that the manufacturers could not see their
way clear to granting the request of a 10-per-cent in.
crease, and that accordingly it would have to be re
fused. On their part the operatives decline td accept
the 6-per-cent advance offered, and on Wednesday
night of this week the labor unions at general mess
meetings voted to go out on strike next Monday
morning. Some hope is still entertained that the
strike may at the last moment be averted.
The filing of the bill of complaint in the action
brought under the Sherman Anti-Trust Law by the
United States Government against the Northern
Securities Company has also been one of the incidents
o f the week, but this has attracted very little atten
tion and has had no influence on the Stock Exchange
markets. A favorable event at the close of the week
is the declaration by the Southern Railway Company
of a higher dividend on its preferred shares.
There is absolutely nothing that can be said in de
fense of such a strike as that which for several days
disturbed all business affairs in Boston the present
week. There is reason for congratulation, therefore,
in the fact that, as far as current knowledge goes, the
disturbance is to be brought to a close without the
gain upon the part of the strikers of any substantial
[Vol. LXXIV.
thing. The faots of the matter are not in dispute.
A few weeks ago the R. S. Brine Transportation
Company had trouble with its teamsters and a
strike resulted.
The Brine Company came out
victorious and has since employed non - union
teamsters.
The freight handlers of
the New
York New Haven & Hartford Railroad con
ceived it an Injury to them to be obliged to handle
freight delivered by the Brine Company, and last
Saturday night decided to go out on strike rather
than touch “ scab” freight. Only about 100 men
were involved. When the railroad company failed to
come to terms, 8,000 to 10,000 teamsters, freight
handlers and clerks on Monday morning also
quit work, thus entering upon a sympathetic
strike. From that time on the movement spread,
assuming larger and still larger dimensions— the long
shoremen, the expressmen, the coal teamsters, the
lumber teamsters, etc., etc., joining, and the Boston
& Albany and the Boston & Maine becoming involved
as well as the New Haven. Thursday saw 20,000
men attempting to uphold the “ cause of labor77 by
abstaining from work.
All this time State and municipal officials and lead
ing merchants were engaged in attempts to end the
disturbance. It seems to us the adoption of a more
vigorous policy towards these misguided people would
have brought an earlier termination of the trouble.
It requires no great amount of wisdom to see that the
railroad company could not legally discriminate
against freight delivered to it from one party any
more than from another. Its contention that its
duties as a common carrier are defined by law and that
it is compelled to handle all freight delivered to it,
whether by union or non-union teams, is absolutely
unassailable. From every standpoint, therefore, the
labor leaders were in the wrong, and it would have
been an act of kindness if they had been plainly told
so and not been given encouragement of any kind. A
firm and resolute stand on such occasions is the only
true policy. Had the labor officials been given to under
stand in unmistakable terms at the outset that their
action had nothing to support it in reason, in morals or
in law, and that therefore it must be opposed on the
part of all right-thinking people, we doubt very much
whether the strike could have attained the propor
tions it did.
The labor leaders seem finally to have become im
pressed with the hopelessness and recklessness of the
whole proceeding; so at the instance of Governor
Crane they agreed Thursday night to declare the
strike off and get the men, if possible, to return to work
Friday morning. They apparently received no other in
ducement for doing this than Gov. Crane7s promise
to use his “ best endeavors” with the New Haven
road to have it adopt rules in conformity with
those in force on the Boston & Maine and
furthermore to urge the various railroad and steam
ship lines “ to reinstate as many men (strikers) as
they possibly can.” The New Haven people declare
emphatically that they will make no rule which shall
discriminate against the Brine Company's wagons or
any other wagons, and so much of course would have
been expected. It is a pity the strikers could not
have been made to realize this at the start. Their
restlessness yesterday and endeavor to reuew the
strike are the best evidence that they have gained
nothing.
MAlton 15, 1902.]
THE
CHRONICLE.
Aa expected, the monthly blast-furnace Btatiatica
published by “ The Iron Age” of this city show a fall
ing off in the capacity of the producing plants aB
compared with a month ago. Our contemporary re
ports the production March 1 1902 as 330,710 gross
tons per week, against 340,612 tons on February 1.
Even at the reduction, however, the output is extra
ordinarily large, being in fact with the exception of
that recorded for February 1, the very largest ever
reached. Furthermore, as the decrease is chiefly the
result of the adverse weather conditions which pre
vailed, intensifying the difficulty of getting a sufficient
supply of coke and of furnishing adequate trans.
portation facilities for the tonnage offered, it is easy to
see that the contraction has very little significance.
The same causes which reduced production also oper
ated, it is stated, to reduce consumption, and yet
there has been a further diminution in furnace stocks
(sold and unsold) during the month. These stocks
for March 1 are reported as only 125,348 tons, as
against 154,200 tons February 1st, 218,084 tons Janu
ary 1st and 361,593 tons October 1st of last year. The
“ Age” thinks that after about thirty days record,
breaking totals of pig-iron production, month after
month, may be looked for, and that this ought to re
lieve the existing scarcity.
The directors of the Southern Railway Company
yesterday afternoon increased the semi-annual divi
dend on the preferred stock of the company from 2
per cent to 2£ per cent. This had been looked for,
and places the stock on a full 5-per-cent basis. It
also brings near the time when the voting trust in the
stock will be terminated, for this trust provides that
the voting trustees shall hold control only until such
time as shall elapse before the preferred stock
shall have paid 5 per cent cash dividends in one
year.
Hence, on the making of a second semi
annual payment at the increased rate of 2£ per cent
in October next both the preferred stock and the
common stock will be restored to full voting
rights. Under the present management the Southern
railway has been enjoying really noteworthy prosper
ity, and the company's annual statement for the year
ending June 30 1901 showed a surplus of $540,500
above the amount which would have been required to
pay the 5 per cent. For the current or new fiscal
year earniDgs have been further increasing. Thus, for
the seven months from July 1 to January 31 gross earn
ings in 1901-2 have been $22,254,135, against $21,204,237 for the corresponding seven months of the preceding
fiscal year, while the net earnings for the same seven
months have been $7,020,028 as against $6,839,358.
The announcement by the Pennsylvania Railroad
Company of an issue of $50,000,000 bonds, while un
expected, can hardly occasion surprise. The amount
may seem large, particularly in view of the other re
cent capital additions, but the Pennsylvania is the
largest system, in point of earnings, in the country,
and everything connected with its affairs Is on a cor
responding scale. Moreover, the management, as we
all know, have extensive plans for the future develop
ment of the system. Twenty-four million dollars of
the amount is to be used to provide new equip
ment and twenty million dollars more to cover
the estimated needs for 1902 and 1903 in build
ing the tunnel extension of the system into New
York.
The bonds will bear a low rate of
549
interest, namely 3^ per cent, making the annual In
terest change $1,750,000. They will also, however,
carry the right of conversion into Pennsylvania
stock at 140 on and after May 1 1904. If the price
of the stock be maintained at above 140,''this right
will of course be exercised. If so exercised, about
36-ifr million dollars of new stook would be required to
take them up. The stock now amounts to $204,593,400, and this would be increased to, roughly, 240
million dollars through the conversion of the bondB.
The shareholders last year authorized an additional
$100,000,000 stock, to $251,700,000, so over and
above the requirements for the new bonds an un
issued balance of stock of
nearly 12 million
dollars will remain for the future use of the
company in completing the tunnel or in other ways.
As to the company's wonderful earning capacity
nothing need be said, since we set out the figures
last week in reviewing the annual report. Of course
in the future prosperity of the road an important ele
ment will be the ability to prevent a relapse in freight
rates to the state of demoralization existing a few
years ago.
There was no change in the official rates of discount
by any of the European banks this week, and with
the exception of London, where discounts were firm,
open market rates were easy. The important political
event of the week was the announcement in the
British House of Commons on Monday of the defeat
in the Orange River Colony, on March 7, of General
Methuen, who had a force of 1,200 men, by General
Delarey with about an equal force. General Methuen
was wounded and captured, and four guns and a large
number of men, with the British baggage, were taken.
The news of the disaster had a temporarily depressing
effect upon the London market, South African mining
shares being especially influenced; but subsequently
there was a recovery. Later in the week General
Methuen was released by the Boer General.
The striking feature of the statement of the New
York Associated Banks last week was the redaction
in the surplus reserve by $6,017,500, to $3,958,425,
the lowest since October 20 1900, when it was $2,947,700. The loans decreased $3,089,100, specie $7,904,000,
legal tenders $1,068,900 and deposits $11,821,600.
The loss of cash appeared to reflect the gold exports
of that and the previous week and also the payment
into the Treasury by banks of about $3,000,000 for
account of those of their correspondents who were re
ducing circulation. The movements during the current
week seem to indicate a further loss of cash, $2,500,000
having been transferred to San Francisco, and the
Treasury also having absorbed considerable amounts
from the banks, while bond redemptions until
Thursday were small. The above-noted trapsfer
of gold to San Francisco was not for the ac
count of the syndicate of bankers who nego
tiated the traction deal in that city, but for
bankers who were supposed to be interested in the
stocks of the railroad companies for the purchase of
which they had options. As these bankers represent
San Francisco institutions the transfers may have
been in part for the purpose of covering exchange on
San Francisco which had been sold to the syndicate.
Offerings of unmatured bonds at the Treasury were,
as above noted, small thiB week until Thursday. Then,
influenced by reports, which were o o d firmed on Fri-
550
THE
OHKON1CLE.
day, that the Secretary of the Treasury would suspend
purchases of bonds, the offerings grew quite large.
On that day payments for bonds were $528,188 11 and
on Friday they were $2,479,554 30, making $3,013,176 08 for the week and $10,339,952 4L since the
beginning of the year, Oflioialjnotlce was received at
the Sub-Treasury on Friday that bond purchases
would be suspended on and after the close of business
at that office March 15, at 1 r, m ,
|Vol. LXXIV.
due to Arm discounts in London ai.d in part to offer
ings of bills representing new exchange loans. Bankers
reported a somewhat better supply of commercial
drafts against cotton but these were promptly absorbed.
After Wednesday the market was quiet and steady
and business in eight sterling was done within the
very narrow range of 4 8750 to 4 8760; continental
exchange was dull and firm. The Assay Office paid
$1,006,509 20 for domestic bullion. Gold reoeived at
the Custom House during the week, $270,009.
Nominal rates for exchange have been 4 8 5 {@ t 86
for 60-day and 4 88@4 88£ for sight. R ites for actual
business opened on Monday at a decline of one-eighth
of a cent all around, compared with those at the close
of last week, and the tone was easy, influenced by ex
pectations of dearer money. There was no change in
rates on the following day and the tone continued
easy, but on Wednesday, after a slight fall to 4 8760
for short, there was a recovery and the market was
firm at the close. On Thursday the tone was steady
at entirely unchanged rates and there appeared to be
a disposition to await money market indications before
buying for Saturday’s mail. The tone was heavy on
Friday at a decline of one-eighth of a cent all around.
The following shows daily posted rates for exchange
by some of the leading drawers:
Influenced by the reduction in bank reserves shown
by last week’s statement, and also by the daily reports
o f important losses of cash by the banks during the
current week, rates for money have been active and
higher. Loans on call, representing bankers’ bal
ances, have ranged from 3 per cent to 4£ per cent at
the Stock Exchange for the week, averaging 3| per
cent. On Monday loans were at 3 f per cent and at 3
per cent, with the bulk of the business at 3 i per cent.
On Tnesday transactions were at 3 f per cent and at 3
per cent, with the majority at 3£ per cent. On
Wednesday and on Thursday loans were at 4 per cent
and at 3£ per cent, with the bulk of the business at
3 f per cent.
On Friday transactions were at
4-J per cent and at 3 f per cent, with the ma
jority at 4 per cent. Banks and - trust com
panies have loaned at 3^ per cent as the minimum,
F r i ,,
Mo k .,
W *D „ T httb., FBI.,
TUBS.,
M ar 7. Mar, 10. M ar. 11. M ar. 12 M ar. 13, Mar. 14.
though the down town institutions generally loaned at
______
~ 86
*89
86
(60 days. 4 8<T
80
the higher Stock Exchange quotations. Time con Brown Bros....... I S ight.... 4 8 8 *
88*
88*
88*
88*
88*
86
J60 days. 486
86
86
86
8arias.
80
tracts were in good demand and rates were firmly Magonn A C o .. {S igh t.... * 8 8 *
88*
88*
88*
88*
88*
86
■lank British
j 60 day*. t 86
86
86
86
86
hold; the business was chiefly in loans for the longest No. Am erica... {S ight.... 4 8 8 *
88*
88*
88*
88*
88*
86*
1 60 days. * 8 8 *
85*
55*
ot
85*
85*
periods. Rates were 4 per cent for thirty to ninety Sank
88
Montreal.. — . { S ig h t -.. 4 88
88
88
88
88
Bank (60 days. 4 8 6 *
86
88
£6
86
88
days and 4| to 4^ per cent for four to six months on anadian
of Commerce.. {S igh t.... 4 88
88*
88*
88*
88*
8fc*
good mixed Stock Exchange collateral. Some loans Ueldelbach, Ick- 160 day*. 4 86
86
80
86
86
86
elheimer A Co. { Sight.... 4 8 8 *
88*
88*
88*
88*
88*
are reported to have been made for five to six months .aiard Freren... j 60 day*. 4 86
86
80
86
£6
86
{S igh t,... 4 8 8 *
8
8
*
8
8
*
88*
88*
88*
at 4 per cent on choice railroad security. The local Merchants’ Bk. 100 day*. 4 8 6 *
86*
85*
86*
85*
88*
Canada.
> S ight.... 4 88
88
88
R8
88
88
inquiry for commercial paper was quite small, and
The market closed at 4 84|©4 85 for long, 4 » 7 f ^
only a moderate business was done with interior
4 874
short and 4 874 @ 4 88 for cables.
Com
banks; the supply of paper was fair. Rates were
per cent for sixty to ninety-day endorsed bills mercial on banks 4 844 @ 4 84f and documents for pay
receivable, 4^@5 per cent for prime and 5 i@ 6 per ment 4 8 3 f@ 4 85. Cotton for payment 4 83f @ 4 84,
cotton for acceptance 4 84^©4 84| a n l grain for
cent for good four to six months* Bingie names.
payment 4 84|©4 85
The following gives the week’ s movements o? money
The Bank of Eagland minimum rate of discount
remains unchanged at 3 per cent. The cable reports to and from the interior by the New York banks.
discounts of sixty to ninety-day bank bills in London
U tceivtd h%) S/V*ie?ed by
W*l In terior
Week En& int M arch 14.1902.
N . Y , Banks. N . Y . Banks.
Movement,
2|@2| per cent. The open market rate at Paris is
*4,210,000
*8,900.000 Gain
*816,000
24 per cent and at Berlin and Frankfort it is I f per 3nrrf5iiey.............. .
40M .....................................................
1.184,000
3,600,000 Loss 8.416,000
cent. According to our special cable from London
*5,400,000
Total gold and legal tenders.......
87,600,000 Less *2,100,000
the Bank of England gained £288,094 bullion during
With
the
Sub-Treasury
operations
the result is as
the week and held £37,649,619 at the close of the
follows.
week. O ar correspondent further advises us that the
out o/
m u
isti- O hatm in
gain was due to imports of £390,000 (£290,000 being
Week Ending M arch 14, 1902
8 a nht.
Sank*.
Bonk MolMnet,
from Holland and £100,000 from Australia), offset by
>4tmka interior movement, a* above
16.400.000
*7,600,000 Loss 13,100,000
exports of £5,000 to Argentina and shipments of 'Jnb-Treafinry operations.............
17.900.000
21,900.000 Loss 4,000.000
£97,000 net to the interior of Great Britain.
Total gold and legal tenders. . . , , 623,800,000
*29,100,000 Loss *6,100,000
The foreign exchange market has more or less
reflected the activity and higher rates for money at
this centre and this has been chiefly observable in the
quotations for sight sterling. The decline has, how
ever, been only fractional and there appeared to
be a good demand for remittance, which has caused
prompt reactions after each fall, and the tone has
been generally steady. No gold has been exported to
Europe, rates for sight bills being too low and those
for exchange at Paris on London too high to permit
the profitable shipment of the metal. There has been
an easy tone for long sterling, which has been partly
The following table indicates the amount of bullion
a the principal European banks.
March 18 1902.
M arch 14. 1901.
Bank o f
E ngland.,..,,
france.. . . . . . .
lermany........
lu s s la ..........
\u*.-Hung’y.
Spain
Italy........... ..
Netherlands..
Nat Belg’m ..
Sold.
Silver,
Total.
BoiA.
£
87,649,619
100,866,093
88.861,000
72.985.000
46.478.000
14.066.000
16.085.000
6,406.700
8,178,000
£
£
87,649,619
144,978,881
63.536.000
80 611,000
87.587.000
31.901.000
18,809,400
18,000,000
4,764,000
~~ £
80,419,983
95,011,848
80.893.000
74.110000
88.883.000
14.003.000
16.348.000
5,067,6J0
2,993,000
44,106,783
14.185.000
7.576.000
laloso.ooo
17.846.000
3,184.400
0,638,800
1.688.000
Silver,
Total,
~ ~~ £
4S,76S,8S«
14.876.000
8.978.000
10,544 000
18.435.000
1,867,300
5,787,290
1.400.000
36,419,939
188,770,071
45.771.000
81.095.000
49.430.000
80.487.000
17,315 870
10,614,800
4,488,000
cot. this week 834,063,412 106047488 440,110,900 8llM«4W74 .10171873® 414,437,10*
Tot. nrev. w’k 888,090,868 106778489 438,383.954 811,687,389 1018WO# 413,014,0*1
March 15, 1902.]
THE
CHRONICLE.
BOER WAR VICISSITUDES.
The capture of the British general, Lord Methuen,
by the Boers at the close of last week, with a loss of
twenty officers and upwards of thirty-eight men killed
or taken, naturally came with something of a shock
to English sentiment. Even Lord Rosebery has ad
vised his hearers not to under-rate the gravity of the
event. At Glasgow he described the news as “ heart
breaking.” But in this, it seems to us, Lord Rose
bery himself exaggerated the significance of the dis
aster, except in so far as he expressed the feeling of
bitterness naturally occasioned by the news.
The capture, as we view it, was not a matter of any
strategic importance. The four guns will of course
be very useful to the Boers. But no important posi
tion was taken, the defeated British commander was
of consequence only because of his rank and title, and
as for the prisoners, the problem of the Boers was
what to do with them after they had been cap
tured. The prompt release of Lord Methuen by
the Boers, when, under ordinary military conditions,
his retention would have been indispensable for pur
poses of exchanging prisoners, sufficiently illustrates
this phase of the matter. The Boers have no longer
eithera government or an army. Nobody discusses Lord
Methuen's defeat, moreover, as in any sense a determin ■
ing factor in the situation. Indeed, the news has been
made the occasion for a rather remarkable and signifi
cant expression of friendliness to England by a Ger
man minister.
“ Lord Methuen,” remarked Baron
von Richthofen, the Prussian Foreign Secretary, to
the Deputies on Tuesday, “ deserves our whole sym
pathy.” This declaration was based on personal es
teem for the wounded general, who had been wellknown in Berlin, and whose personal qualities, we be
lieve, are very pleasing. But the language of the
declaration was too unusual to have been inspired by
this alone, and in fact the Foreign Secretary went on
to warn his hearers not to “ assume from the very first
that everything that happens on the English side is
wrong and bad.” He continued: “ If we feel our
selves cousins and kin to England, we will be able the
more effectively to help our common cousins in South
Africa.”
We have no means of knowing what special purpose
Baron von Richthofen had in making this declaration.
It would, of course, be hasty to assume that he repre
sented German sentiment; for national jealousies, un
fortunately, still survive and govern national judg
ment of events. But we think that we do not exag
gerate in saying that such a declaration before the
Prussian Diet would have been flatly impossible one
or two years ago. It is because the Germans have at
all events learned that the English are generous bel
ligerents, and that they have entered this fight with
determination to settle the large questions which de
pend upon it, that such a public presentation of the
case will be listened to.
That this rebuff will cause any change in the Eog
lish movement towards pacification of the Transvaal
no one of course imagines. Lord Rosebery's remark,
“ We have got to see this thing through,” was hardly
necessary. A mishap of this sort is rather apt to have
the effect, if it has any, of determining the English
mind to increase the resources at Lord Kitchener's
command so as to end a desultory and useless war
fare. If it does this, Lord Methuen's defeat may indireotly have served a valuable purpose.
551
There is no reasonable doubt that the pacification
of the Transvaal is proceeding Bteadily and rapidly,
notwithstanding the persistent guerrilla warfare to
the south. There could be no better proof of this
than the progress of Witwatersrand gold output.
Last Tuesday's cabled estimate of the Chamber of
Mines at Johannesburg reckoned up 81,405 ounces of
gold produced in February. This is considerably
more than double the output of last November or of
any preceding month since the war blockade began.
It compares with 70,340 ounces in January and with
52,897 in December. Let it be remembered that re
sumption of gold mining in the Transvaal has
depended on two things—restoration of peace in the
mining region, so that laborers could return to the
mines, and security for the railway routes, so that the
gold could be forwarded to export points. Both
these pre-requisites have been secured, otherwise this
normally steady return to former conditions would
have been quite inconceivable. In other words, the
situation simply is that the war is over in the two
annexed South African States, while Lord Kitchener
is engaged in putting down desultory warfare on the
soil of a British colony.
Our view of the really slight significance of the
latest incident in this skirmish war is amply borne out
by the action of the London market. It was a matter
much remarked on that shares of the South African
companies, though they had advanced with excep
tional violence during the two preceding months,
hardly wavered when the news was received this
week, and are now practically at the level where they
stood immediately before the announcement of Lord
Methuen's capture. It is true that a sharp recoil, not
based on any news, but caused simply by reaction
from speculative excesses, had somewhat lowered
those values before this week. Our London letters
have fully set forth the circumstances of this reaction.
But the decline was small in proportion to the previ
ous advance, and the fact that such elements of
weakness had been developed beforehand adds sig
nificance to the steadiness of the shares this week. It
seems to us that this judgment of the market is after
all the trustworthy criterion.
THE CENTRAL R A IL R O A D OF N E W JER SEY,
The advent of the Reading people to the control o f
the Central Railroad Company of New Jersey has
been signalized by the issue of the most complete and
comprehensive annual report ever put out by that
company. The report is folio size and occupies over
forty pages. It contains also a balance sheet and
income statement for the Lehigh & Wilkes-Barre
Coal Company, which the Central controls.
This
elaborate document places the Central in line with
the other anthracite companies, all of which have
greatly enlarged their annual statements within the
last few years. The Central report is for the calendar
year, that having long been the company's fiscal year,
but it is announced that hereafter the fiscal year will
end with June 30, to make it conform with the year
fixed by the Inter-State Commerce Commission and
adopted by so many of the roads in the United
States.
The report shows satisfactory results in every direo»
tion. The gross receipts were the largest in the his
tory of the company and at $17,189,834 for 1901
compare with $15,733,348 for 1900,114,810,003 for
THE CHRONICLE
1899 and $12,558,241 and $12,664,290 for 1898 and
1897 respectively. What is particularly noteworthy
is that this growth la found in all branches of the
road’s business. For instance, the revenue from the
merchandise traffic was $5,073,416 in 1901, against
only $3,416,007 in 1897, the revenue from the coal
traffic $7,230,816 against $5,464,354, and the reve
nue from passengers $2,602,746 against $2,281,332
in 1897. It is also worth noting that in the mer
chandise traffic the gain has been proportionately
■heaviest of all, showing that the road is not so largely
dependent upon the anthracite tonnage as in the past.
The merchandise earnings formed 33*19 per cent
of total gross earnings in 1901 and 33*95 per cent
In 1900, against only 29*53 per cent in 1897.
There has at the same time been marked progress
In operating economy and efficiency. Evidences of
this are found in various directions. Thus the num
ber of tons of freight transported one mile increased
10*2 per cent in 1901 over the number moved in 1900,
while cost of conducting transportation increased but
l of 1 per cent. Still more convincing proof of
what is being accomplished in that particular is fur
nished when examination is made of the records of
train mileage. The transportation work done has
steadily increased, while the train mileage has as
steadily decreased. Comparing 1901 with 1897 it is
seen that the number of tons of revenue freight moved
one mile increased from 1,036 millions to 1,395 mil
lions. On the other hand this increased tonnage in
1901 was moved with a freight train mileage of only
2,963,123 miles, whereas the much smaller freight
movement of 1897 required the running of 4,312,391
miles by the trains. What this means will appear
when we say that while in 1897 the average train load
of revenue freight was only 240 tons, for 1901 the
similar average was 470*9 tons. Including company
material the revenue load in 1901 was 492 3.
Considering the small haul that the Central gets
on its traffic (the company’ s freight in the late year
having been moved an average of only a little over 79
miles), such a high train load must be considered
quite an achievement* Bates have varied relatively
little, the average per ton per mile having been 8*82
mills in 1901 and 8*71 mills in 1900, against 8*56 mills
in 1897. As a consequence, however, of the heavier
lading of the trains, the trains earned $4 15 per mile
run in 1901 against only $2 05 per mile in 1897—that
is, in the four years the earnings per mile run have
more than doubled.
The income statement for the year is very encourag
ing. It shows that after contributing $640,000 to
various funds ($350,000 to the renewal and improve
ment fund, $100,000 to the insurance reserve fund
and $190,000 for depreciation of locomotives) there
was a surplus on the operations of the late twelve
months over all charges and expenses in the sum of
$3,223,483. The amount paid out in dividends was
only $1,570,516, leaving a balance ($1,652,967) greater
than the amount so paid for dividends. The divi
dends were 5$ per cent for the twelve months, only
the last quarterly declaration having been at the
higher rate of 2 per cent quarterly. Had the full 8
per cent rate obtained through the whole twelve
months, the call would have been $2,192,944 as against
the $1,570,516 actually paid. But even on that basis
there would be a surplus above the dividend require
ments of over one million dollars— $ 1,030,539. In
brief, the income account shows nearly 12 per cent
[Yol.
l x x iy .
earned on the stock. The Beading Company owns
$14*600,000 of the $27,411,800 outstanding stock of
the Central; 8 per cent on this latter will give the
Beading a return of $1,160,000 per annum. The in
terest on the $23,000,000 Jersey Central collateral
trust mortgage, issued by the Beading Company to
pay for the Jersey Central purchase, is only $920,000
per annum.
The report points out that there was a decrease in
the expenditures for maintenance of equipment and
that this followed from the closing of the shops for a
number of weeks in the summer of 1901 on account
of the machinists’ strike. President Baer states that
the fact should not be overlooked that expenditures for
repairs and equipment will be increased during 1902
because it was impracticable, owing to the strikes and
the burning of the company’s shops, to make the
necessary expenditures in the year 1901 which under
normal conditions good railroading requires. This is
a fact of course that should be borne in mind. At
the same time the comparative statements given in
the report show that the maintenance* expenses in
the late year were nevertheless on a liberal scale.
Thus, for maintenance of equipment $1,654,494 was
spent in 1901 and $1,736,587 in 1900, as against only
$1,198,635 and $1,146,871 in 1898 and 1897, respect
ively, for the same purpose. For maintenance of
way $1,361,760 was spent in 1901 and $1,321,874 in
1900, as against but $875,548 in 1898 and $1,030,633
in 1897 If we take the ratio of expenses to gross earniDgs, we find that exactly the same proportion of earn
ings was spent for maintenance of way and structures
in 1901 as in 1897, namely 8*91 per cent in each year,
while for maintenance of equipment 10*82 per cent of
the gross earnings was spent in 1901, as against only
9*91 per cent in 1897. The advance in operating
efficiency in the same interval is indicated by the
fact that cost of conducting transportation took only
27*49 per cent of the gross earnings in 1901, as
againt 32*80 per cent in 1897.
OLD AND NEW PROBLEMS.
At the recent commemorative dinner given in
Philadelphia by the Baldwin Locomotive Works, now
in its seventieth year, Mr. Stuyvesant Fish of the
Illinois Central Bailroad delivered a brief address
which irresistibly dropped into reminiscence. Going
back to 1775, he said that the battle of Lexington was
heard of in Hew York four days after; thence, after
waiting two days for confirmation, the momentous
intelligence was rushed to Philadelphia by special
relays of horses in twenty hours; thence it reached
Baltimore in another thirty-four, Alexandria in an
other twenty-two, and Charleston three weeks after
the occurrence. The railway did not really take a
start until the middle of the century, yet there were
experimental bits in “ the thirties.” In 1832 the sixth
annual report of the Baltimore & Ohio mentioned with
pleasure the encouraging experiments already had with
locomotives made by several persons, of whom Peter
Cooper was one. In 1829 the Delaware <& Hudson
Canal Co. had tried two English locomotives, and in
1831 the Albany & Schenectady had been opened, one
foreign and one home made machine having been
tried on it. Nor is the “ monopoly” a thing new in
our own time, for just seventy years ago New Jersey
gave to the Camden & Amboy Co. not only a per
petual charter but an exclusive right, declaring it un-
March 15, 1902.]
THE
OHKONICJLE.
lawful to build any other road to ply between Now
Y ork and Philadelphia “ or to compote in business”
with the monopoly. This exclusive grant, long ago
voluntarily relinquished, was then considered only a
fair inducement to hazard such a questionable under
taking.
So much of reminiscence may be mentioned, becauso
naturally appropriate and unavoidable on an occasion
when a locomotive-building company looks back at its
own development, which has kept step with that of
railroads and the country. From the humblest be
ginning, by an artisan who turned aside from his
regular trade to almost literally hammer out by his
own labor a small steam wagon which would propel
itself on rails, this company has grown to a regular
weekly output and a considerable power of elasticity
to execute hurry orders as well. It is a long vista to
look back through, and in the far distance is the
memory of that sturdy English doubter, among
George Stephenson's opponents, who declared that if
the projected railway with a roaring steam engine as
motive power ever did come to pass he would eat a
stewed engine wheel for his breakfast.
The end of one century of the republic brought a
surfeit of review and reminiscence, and so this must
not be further Indulged; but there is an encourage
ment for those who are dismayed by the apparent
piling of trouble upon trouble and the arrayiog of
class and faction against one another now, in having
the fact recalled (as Mr. Fish recalls it in his brief
speech) that such struggles are no new thiDg. When
the young republic had painfully cut itself free,
nearly all its wealth was in land, and this land
was held by only a few persons and families.
So the landed proprietors sought to govern,
and they attached or tried to attach property
qualifications to suffrage; it was not until after
a struggle that democracy based upon individual
suffrage became established. Later, banks appeared
to have an undue share of existing wealth, and hos
tility was aroused against them, culminating in the
action of Jackson against the central bank. Then Eli
Whitney, a Yankee school-teacher, conceived the bet
ter way of cleansing cotton, and without aiming to
make trouble gave a new value to slave labor and
started a strife which took half a century to settle.
Then came an anti-railroad struggle, and this is not
yet ended, for it has expanded into the anti-trust
movement, which ia still on.
The fact that the country has endured and sur
vived the others justifies faith that it will survive this
struggle also, and will continue to grow. We are
not, and cannot again be, a borrowing nation as we
formerly were; on the contrary, we are becoming a
lender for the world. Mr. Fish cites one contrast
which well illustrates the change. When he entered
the service of the Illinois Central less than one
seventh of its capital stock of about 25% millions was
owned in America (by only 338 persons in all), and
the three Illinois stockholders (two of whom were
President and Treasurer of the road) owned only
$15,700; over one half of the whole stock was owned
in Great Britain, and one concern in Holland owned
thirty per cent. Now, 5,180 Americans own nearly
three-fourths of the present stock of about 79 millions
and 989 persons in Illinois (among whom are many of
the road's employes) own over 7J millions, which is
nearly double what is now held in Holland. Onehalf of the number of shares is owned in lots of
553
$60,000 or less, and the averttge holding is $10,386;
there are also 5,684 persons in all, here and abroad*
who hold less than $10,000 eaoh.
As it might be expressed, wo own ourselves now.
Similar changes from foreign to American ownership
of Amerioan properties could be found elsewhere, and
even more striking figures could be given to show the
wide popular distribution of shares in railways, banks
and other so-called monopolies. The old enmity of
Have-not to Have continues. But here is the country
where the number in the latter class grows absolutely
and relatively larger, and where poverty is becoming
almost the result of choice. Hence the final solvent
of contest is the discovery of the fact that in this
country wealth resides not so much in what has been pro
duced as in the qualities the people themselves
possess which make productive and accumulative
power.
R A IL R O A D GROSS E A R N IN G S F O R
FEBRUARY.
The influence of the bad weather experienced dur
ing February, and also to some extent of last season's
crop shortage, is shown in our preliminary statement
of railroad gross earnings for that month, which we
present to-day. Out of 92 roads contributing re
turns, 32 report decreases.
Moreover, if we take
only the larger changes—that is those amounting to
$30,000 or over— we have almost as many decreases as
there are increases. Here is a statement bringing out
that fact. It shows the principal increases and de
creases for the month among the roads which have
thus far reported.
P R IN C IP A L C H A N G E S IN
GROSS E A R N IN G S I N F E B R U A R Y ,
Decreases.
Increases.
$173,000
Northern Paoiflo........
$607,027 Missouri Pacifio........
at. Northern System.
482,868 Texas & P acific.......
84,220
74.409
Canadian Pacific........
360,811 Mo. Kans. & Texas...
65,771
Wabash.......................
125.672 St. Louis Southwest...
63,343
St.Louis & San Fran..
120,961 Buffalo Rooh. & Pitts..
50,438
Baltimore & Ohio......
112,628 Clev. Cin. Ohio. & St. L.
43,552
Louisville & NashviUe
101,968 Peoria & Eastern.......
37,269
Minn. St.P. & S.Ste M..
92.802 Minn. & St. L ouis.....
31,716
Choc. Oklahoma* Gulf
90,641 Seaboard Air Line---30.061
Chesapeake & Ohio...
82,395 Hooking VaUey..........
Pere Marquette........*
48.175
Total (represent
Colorado & Southern.
48,166
ing 10 roads),..
$653,779
Wisconsin Central....
39,108
Chicago & East 111. ...
34,153
Total (representing
16 roads).............. $2,347,370
* For three weeks of February only.
Compared with the long list of gains to which we
have become accustomed the last few years, the num
ber of increases hore obviously seems small. It will
also no doubt be noticed that the amounts of these
increases for the separate roads, outside of the first
three given, are not very large. The three exceptions
are all roads in the same section of the country—
namely the trans- Continental lines on the north— and
their large gains follow presumably almost entirely
as the result of the excellent spring-wheat crop
raised in the Northwest last season. The Northe rn
Pacific reports $607,027 improvement for the month,
the Great Northern $482 868 increase and the Cana
dian Pacific $360,811, making for the three systems
combined only a little leas than 1$ million dollars— in
exact figures, $1,450,706. The grain movement as a
whole in the West, as we shall presently show, under
went striking contraction. But it is noteworthy that
at Duluth the deliveries of spring wheat for the four
weeks ending March 1 the present year amounted to
2,113,645 bushels, against only 793,237 bushels in the
corresponding four weeks of last year.
THE CHRONICLE,
554
Notwithstanding, however, the increased num ber
of losses on the separate roads and the decreased
gales, the final result on the roads that are included
in our com pilation is better than for February last
year. T hat is to say, on the whole body o f roads
(em bracing the present year 94,914 m iles), there is an
increase over the same m onth in 1901 in am ount of
$1,896,954, or 3*92 per cent. It is true that this
increase of $1,896,954 amounts to but little more
than the com bined gain already referred to on the
Canadian Pacific, the Great N orthern and the N orthern
Pacific. W ith these roads excluded and a few others
in the same section which have benefited by reason
o f the same circum stance— that is, the larger spring
wheat results o f 1902 as oompared with the poor
yield o f 1901— there would be a decrease rather
than an increase, though a decrease for only a
small amount. But even this is to be regarded
as a very satisfactory showing, considering the
adverse influences and
conditions w h ich
pre
vailed during the m onth.
It should be rem em
bered that we are com paring with very large earnings
last year (speaking o f the results as a w hole), and that
the roads mnst be regarded as doin g well when they
are m aintaining these heavy totals of 1901. Our F eb
ruary statement last year showed $3,696,858 im prove
m ent, or
91 per cent. This, moreover, follow ed a
still larger im provem ent the year preceding, when the
gain over 1899 aggregated no less than $7,292,080, or
20 per cent. T he fa rth er increase the present year of
$1,896,954 com es on top o f these large increases in
the two years preceding. H ere are the m onthly totals
for the last 10 years.
M ilea g e.
T ea r
G iv en .
T ear
P rec ed in g .
B a r n in o s .
Y ea r
G iv e n .
I n cr ea s e
or
D ecrea se
Y ea r
P r e c e d in g .
F eb ru a ry .
1893 (127 road s).
1894 (119 ro a d s).
1895 (125 road s).
1S96 (123 ro a d s d
1897 (125 roads).
1898 (126 roads).
1899 (118 roads;
1900 (103 roads).
1901 (ice road a).
1908 ( 9 2 road s).
M iles.
88,886
92,039
96,088
89,25)
81,884
95,506
92,273
94,042
98,070
94,914
M iles.
87,108
89,732
95,986
88.892
91,177
94,671
91,211
61,829
95,283
93,269
$
36,498,964
81,185,082
81,720,035
33,778.413
38,398,709
39,207,780
37,059,046
43,739,672
50,480,204
50,301,694
$
86,839,891
85,873,671
33,475,819
20,684,278
84,037,463
34,83E,397
37,580,636
36,447,592
46,733,846
48,404,740
1 to F eb. 28.
(126 roads).
(119 roads).
(125 road s).
(1S2roads).
(125 roads).
(125 road s).
(1 1 7 road s).
(102 roads).
(104 road s).
( 98 roads).
88 4 8 )
92,039
96.088
89,199
91,884
95.367
82,236
93,789
98,039
94,914
86,710
89,782
95,885
88,837
91,177
94,437
91.174
81,556
95,348
95,269
73,406,336
64,924,892
67,052,138
70.641.8C0
67,321,230
80,195,211
79,001.425
92, E6,S6b
106,091,137
108,781,813
73,010,062
74.605,712
67,917,651
02,663,890
70,779,471
69,217,374
76 844,948
78,114,962
98,151,022
102,330,497
Jan.
1893
1894
1885
1896
1897
1898
1899
1900
1801
1902
N ote .—W e do not include tlie M exican roada in any o f
D ec.
D ec.
D ec .
In c.
D ec.
In c.
D ec.
In c.
In c.
In c,
*
1,342,927
4,738,509
756,784
4,092,185
693,694
4,873,338
521,490
7,292.0)0
3,690.858
1,896,954
394.673
In c,
Dec. 9,680,820
Dec.
865,413
I n c . 7,888,110
D ec. 3,458,241
I n c . 10,977,83?
I n c . 2,150,477
I n c . 13,941,298
I n c . 8,539,115
In c . 6,451,316
th e
years.
A s was stated in the review o f the m onth contained
in our B aste a n d Q u o ta tio n S u pple m en t issued
last week, the weather conditions during February
1902 were more seriously and continuously adverse
than in any winter m onth fo r a lon g series of years.
T here was a wide-spread snow storm covering the
northern part o f the country at the very beginning
of the m onth, and from that tim e to the very last day
o f February there was an almost uninterrupted series
o f disturbances and drawbacks o f the same kind, O a
the 17th there was an especially heavy fall o f snow,
the storm on that occasion being second only to the
m em orable blizzards o f 1888 and 1899, thou gh it did
not cover so wide an area as either o f these. On the
21st and 22d came a sleet storm o f unparalleled sever
ity, which caused the prostration o f telegraph wires,
telephone, electric light and trolley wires and poles
[VOL. liX X IV .
to an extent never before known, Philadelphia being
for a time entirely cu t off from wire con nection with
the outside world. T h e m onth closed on the 28th
with an extraordinarily heavy rain storm covering the
greater part o f the country, leading to floods and
freshets nearly everywhere east of the Mississippi
Elver.
The grain movement at the W est was o f unusually
small proportions. N otw ithstanding the increased
spring-wheat deliveries at a num ber of points, the
wheat receipts at the W estern primary markets as a
whole aggregated only 11,605,599 bushels in the four
weeks ending M arch 1 the present year, against
12,416,810 bushels in the same fou r weeks last year.
The corn deliveries were no more than 7,311,645 bush
els, against 21,679,626 bushels last year, while the oats
receipts were only 6,955,035 bushels, against 14,143,624
bushek. In wheat and corn there had been a fallin g
off last year likewise. T aking wheat, corn, oats,
barley and rye together, the receipts for the fou r weeks
o f February the present year were only 28,289,663
bushels, as against 51,083,192 bushels in 1901 and
51,974,543 bushels in 1900. W e annex our usual state
ment gfviDg fu ll details o f the grain m ovem ent at
each o f the leading markets the last two years.
S S O K H T S O F F L O U R AN D G R A IN E O S F O U R W E E K S EN DIN G M A RCH 1
AND SINCE J A N U A R Y 1 .
F lo u r.
(bbls.)
O hicaoo—
766,222
4 wks. Feb., 1902
900,263
4 wks. Feb., 1901
Since J a n .l, 1002 1,831,761
Since J a n .l, 1901 2 043.117
M ilw a u k e e —
95,975
4 wks. Feb., 1902
127,600
4 wks. Feb., 1901
339,445
Since d an. a , 1902
Since J a n .l, 190i
263,675
St. L o u is—
188,110
4 wkg. Feb., 1902
167.80
4 wks. Feb., 100)
339,075
S in ce.Ia n .l, 1902
Since J a n .l, 1801
371,610
T o led o 450
4 wks. Feb., 1902
101,431
4 wks. Feb., 190)
3,200
Since J a n .l. 1903
213,20fe
Since J a n .l, 1901
D e tr o it
i wks. Feb., 1902
19,600
22,100
4 wks. Feb., 1901
43,600
Since J a n .l, 1902
49,009
Since J a n .l, 1901
Clevet 'in a 41,897
4 wks. Feb., 1902
4 wks. Feb., 1901
111,544
since J a n .l, 190»
Since J an .l, 1901
4 wks*! Feb., 1902
4 wks, Feb., 1901
Since J a n , 1902
Since J a n .l, 1901
D tit"
4 wks. Feb., 1902
4 wks. Feb., 1901
Since J a n .l, 1902
Since J a n .l, 1901
H%n r
4- wks. Feb., 1902
4 w k s . Feb., 1901
■Knee Jan. 1 , 1902
Since Jan.1,1901
K a n sa s C ity 4 wks. Feb., 1902
4 wks. F eb., 1901
Since J a n .l. 1902
Since Jan.1,1901
l o t a l o f a ll—
4 wks. Feb,, 1902
4 wks. F eb., 1001
Since J a n .l, 1902
Since J a n .l, 1901
TVheat,
(.bush.)
1,674,650
1.423,249
8,944.947
4,072,910
Corn,
(b u sh .)
Oats,
(b u sh .)
R ye.
(b u sh .)
1,891,611 8.08 \999
8,4*9.106 8,400,08s
6,579.676 8,782,024
20,176.788 18,546,278
1.118,250
1,082,250
2,747.270
8,100 038
70,900
154.499
328,876
330,970
713,300
841,260
2,138,600
2,058.400
53.000
86.500
284,800
311,500
040,200
651,000
1.642,600
1,522,500
205,451
106.200
760,060
777 600
447,200
6t2,40(
1,801,3 Jt
1,895,0!(
482 438
940.795
962.18 s
2,414 006
967,206
2,714,315
3,910 106
5,794,645
1,248,92=
1,4)0,706
8,508,825
2,089,620
146,486
235.166
353.432
07 9 4 *6
309,610
1,417.587
1.472.596
3,268,783
245,100
256,452
704,741
570,433
82,716
109,104
196,895
266 650
123,016
■ 416,201
357,8)8
966.365
206,056
238.483
530,485
489.885
129,874
118,159
394,000
330498
303,659
1,834,362
1,051,676
3,040,17.
326,352
791.103
1,059,303
1,613 289
104,700
88.90C
233,055
220,350
147,100
35,750
884,400
74,960
1,487,500
1,378.800
4,264,816
4,886,200
95,000
2413,645
798,237
4,027,975
1,586,060
95,000
B a r le y ,
(b u sh .)
137,250
121,260
4 3 9 ,7 5 0
10 500
78,750
65,500
309.600
120,000
3,200
87.600
6,070
92,000
10,400
25,020
88,840
00,238
673,875
1,008.61)0
1.764,175
2.215 800
143,200
834,650
3?0,2o0
606.460
S4.600
28,000
43,800
64,000
526
2,106.053
£>2o
3,487,392
17,6 >8
90 573
82,013
840,716
30,789
8,489
68,603
81,412
2.376
18,837
16,000
41,603
6,082,590
6,400,650
15,167,660
13,551,850
318 980
2482,460
982.000
3,904,000
237,800
1,139,890
908,860
2,306,400
160,800
107,720
440,850
276,310
25,760
20,080
89,030
54.040
450,000
1.714,800
981,000
4,154,700
1,663,000
1,004,250
4,845,000
2,074,250
643,600
876,406
1,312,400
684,600
2,813,849
2.4*1,000
0,239,642
6,440,006
204,085
412 186
854,405
880,3* 6
1,251.954 11,506.599
1.470,036 12,416,810
2,988,180 27,895,24b
3,160,070 28,652,850
7,811,645 6,956,03
21,679,023 14,148,621
24,7=0,516 19,8*2,101
47,044,798 80,800,691
As usual, the bulk o f the losses in the grain m ov e
ment occu rred at C hicago, that being the largest
W estern receiving poinr. F or the month the receipts
at that point were no more than 7,755,060 bushels the
present year, as against 18,796,604 in February 1901,
22,580,323 in February 1900 and 24,702,627 bushels
in February 1899. This com parison will serve better
than anything else to indicate the smallness o f the
W estern grain m ovem ent the present year and the
extent o f the deoline which has occurred. The fo l
low ing table shows the particulars o f the Chicago
receipts.
March 15, 1902.]
TH B
R E C E IP T S A T O I1ICAOO D U R IN G F E H R U A K V
AN1> 8INOM J A N U A R Y
February,
1902.
W h eat bush.
Corn., .bush.
Oats., .bush.
Rye ...b u sh .
Barley.bush.
1,671,700
1,882,901
8,040,649
72,000
1,181,150
Total grain
Flour ..bbls.
Pork... .bbls.
Cut m ’tsJbs.
Lard.......lbs.
Live hogsNo
7,755,060
760,926
981
7,888.778
8,715,128
941.050
I.
1902.
1901,
1900,
Ann A rb or.............
8,084,807 8,858,415 2,421,378 Buff.ItOOh. A Pitts
5,144,008 19.262.028 21,220,24 1 Chicago & Mast 1J1.
8,100,774 17,728,207 15,415,265 Chlo.Ind.A Louisv.
289,050
811,120
880,786 O lov.L or.A W heel.
2.576,770 8.090,87( 4,104,851 Hvamiv.ATerra 11.
18,790,604 82,580,823 19,891,151 44,230,800 48,651.400 Hooking V alley...
854,482 1,209,081 1,095,418 1,872,027 2,440,140 Illinois Central *.
490
410
1,816
650
924 Pere M arquette...
11,394.101 14,171,525 10,046,600 25,570,303 31,212,580 Plttsb’g A W est’n .
4,478,160 4,140,767 10,430,580 11,378,619 9,528,137 St. L. Van. A T . H .
794,«47 1,888,948 1.742,470 1,076,748 Tol. A Ohio Cent.
805,800
Tol. Peo. A W est.
it will be noticed, gives a few items T ol.B t. L. A W est.
W heel. A L. Erie.
movement, which also fell below the
Clev. Can. A So
February
P o rts.
Since January 1.
1902.
1901.
1900.
1902.
1901.
174,210
10,589
180,510
10,492
14,789
69,225
10,710
19,273
166
20.082
168,069
8,680
224,800
18,207
26,292
168,644
13,232
87,498
N e w p o r t N e w s , A c ............
88,701
11,421
138,871
0,402
167,577
6,596
10,065
77,306
9,242
6,433
161
11,384
16
20,407
1,891
418,810
13,474
580,274
20,046
56,200
189,508
25,440
40,526
218
40,465
58
90,412
16,207
381,681 816,109
16,408
32,693
417,406 471,042
15 528
89,353
48,796
177,848 278 206
28,674
31,854
19,845
69.401
2P4
27
26,437
47,404
68
147
66,863 104,081
2,971
13.574
T o t a l ...................................
661,125
460,828
733,212 1,409,083 1,175,110 1,455,738
S a v a n n a h .................................
B r u n s w ic k , A o ........ .........
C h a r le s to n ...............................
P o r t R o y a l, A c ..................
W ilm in g t o n ............................
W a s h in g t o n , A c . . . . . . . .
N o r f o i k .... ............................
6
2
23,207
76
64,787
0,274
1900.
To complete our review we give our usual series of
tables showirg the earnings of the leading roads
arranged in groups back to 1897. The Southwestern
group is the only one recording a lower total for 1902
than for 1901, though even here the falling-off is only
small. It was in that section of the country, it will
be remembered, that the crop shortage was most pro
nounced.1
1901.
1900.
1890.
1808.
1807.
9
1
1
%
1
1
187,779
127,241
180,158
112,004
120,002
96,000
403,808
889,965
200,048
258,86H 286,781
880,257
507,24“
478,096
801,848
424,257
837,012
822.820
270,040
287,104
216,406
288,096
227,107
202,720
139,2'0
*189,270
110,708
107.970
82,081
148,018
108,871
102,018
U 7,477
80,083
02,016
77,020
304,211
884,272
100,612
171,899
826,170
167.744
2,984,919 2,969,355 2,034,416 2,152,880 2,188,398 1,704,240
601,842
1*043,617
480,892 4*441,204 4423,628
677,402
288,771
269,215
240,069
106,840
188,247
175,488
161,282
153.520
120,680
118,630
147,lb8
111,228
182,912
108,986
170,828
180,807
114,026
117,470
81,502
87,843
86.327
78,408
77,l24j
76,040
179,022
201,721
187,86k
160 210
133,400
107,477
0 ^,487
166,602 C 06,616
| 290 237
209,073
217,818
( 40,489
40,177
1900.
RECEIPTS OF COTTON AT 80UTHEBN POETS IN FEBRUARY, AND FROM
JANUARY 1 TO MARCH 1 , IN 1 9 0 2 , 1 9 0 1 AND 1 9 0 0 .
P e n s a c o la , A c ........................
1902.
947,010
1,801,904
8,108,680 12,140,419
8,110,88Ji 7,448,920
151,610
151,087
1,063,200 1,891,868
The foregoing,
of the provisions
amounts of the years preceding. The receipts of
live hogs, however, appear to have been larger, 941,050 head having been delivered in 1902, as against
865,880 head in 1901 and 794,847 head in 1900. We
may add that the live-stock movement as a whole (we
mean including cattle, etc.) also appears to have
been a little larger, the statistics showing deliveries
of 24,650 car-loads at Chicago the present year, as
against 23,341 car-loads in 1901, 21,796 car-loads in
1900 and 20,054 car-loads in 1899.
Southern roads had an advantage in a larger cotton
movement than last year, though that does not apply
to all sections of the country. At the Southern outports the receipts were 551,125 bales this year, as
against 460,328 bales in 1901, but as against 733,212
bales in 1900. The gross shipments overland were
176,798 bales, as against 151,894 bales in 1901 and
181,683 bales in 1900.
G a l v e s t o n .................. b a le s .
S a b in e P a s s A c . ..............
N e w O r le a n s ... ..................
M o b ile ........................................
EARN ING S O F M ID D L E A N D M ID D L E W ESTE R N ROADS.
February,
Since Jam* ary 1.
1901.
555
C H R O N IC L E .
0,520,744 0.478,057
T ota l.................
0,018.082 1,828,662 4,726,000 4,122,888
* Includes the operations o f th e St. Louis A lton & Terre Haute, the Chesa
peake Ohio A Southwestern and Ohio Valley for all tne_yoara, and Chicago A
Texas fo r 1902, 1901, 1900, 1899 and Ltt98. Results on Yazoo Branch are not
Included after 1897.
t These figures are simply the totals o f the Chicago & W est Michigan, D e
troit Grand Rapids A W estern and Flint & Here Marquette com bined.
* February, 1902, n ot reported ; taken same as last year.
#AKN [NG & o r
February.
N ORTH W ESTERN AN D NORTH
1902.
1001.
P ACIFIC C R O U P .
ibt0
1900
1808.
1897.
*
$
1
1
$
1
duri.O ed.R.A No
388,012
350,683
355,047
391,240
3 g7 632
810,801
Canadian Pacific.
2.388,003 1,977.189 1,954,08' l,763,3b8 1,494.597 1.272,094
521643
524 833
451,037
Jhio.Gt. W est..
415,686
892.406
5^7,068
160,004
Duluth 8.8.A AtJ
195,176
187,798
134,826
108 453
96,196
Great Northern.. *2,223 370 *1,740,508 *1,827.530 *1 465,186 1,274,306 l,02i,727
170,707
148,817
200,033
200.930
168,418
128,794
towa C entral...
257,703
181,109
220,484
135,109
vttnn.A St. Louis,
175,108
148,297
294,880
330,092
235,077
263,508
M. St. P A S . S.M.
387,0S2
228,448
51,904,767 61,568,918 61,600,640 1,029,505
N >rtbo P a c ific ..)
2,182,13j(
2,789,100
87,279
112,320
121,302
102,068
St.PaulA Du). 3
110,340
91,030
86,172
110,000
108,891
*110,340
St. Jos. A Gr. Isl..
340,104
310,412
300,078
842,503
W isconsin CenPL
396,COO
356.892
9,788,108 8,109,523 8,03 2,426 0,311,54' 0,312,326 5,115,382
T o ta l..............
b Includes proprietary lines In 1902,1901,1900,1899 and 1898.
* Includes th e earnings o f Spokane Falls A .Northern fo r 19C2,1901,1900 and
3899.
* February, 1902, n ot reported ; taken same as last year.
EARNING© OF SOUTHW ESTERN GROUP.
Fdbruary.
1902
S
Choc.Okl.AG.
390,746
Den. A B io Gr.
739,800
Int.A G t, No..
353,818
Mo. K. A T ex
1,111,090
Mo.P.AIr.Mt.
2.450,000
B. Gr. W est
*292,400
St. L. A S .F r . )
K.C.F.S.&M. C 1,574,137
F .W .A B .G r.
St.L. Southw.
550 858
876,480
flPoxas A Pac.
%
800,105
758,100
309,195
1,180,099
2,029,000
292,400
8,360,429
8,570.404
5
T otal..........
1899.
It 00.
1001.
1898.
1897
%
269,710
708,894
330,749
929,894
2.201,351
831,502
r 007,765
1,463,170 ) 419,870
(
27,599
610.629
449,097
730,141
959,70"
%
$
128,996
110,467
600,716
583,348
299,13y
277,970
822,035
840,478
1,890,430 2,098,000
219,382
208,724
522,036
564,898
428 000
353,410
87,062
28,969
401,858
367,111
680,290
652,873
$
88,327
435,953
288,026
877 712
1,853,819
157,078
471,938
391,431
21,703
366,689
532,826
7,000,244
5,788,013 0,277,910
5,484,002
* February, 1902, n ot r e p o rte d ; taken same as last year.
EARNING8 OF TRUNK LINES.
February.
1902.
1
Bal. A Ohio
B.AO.S.W
C.C.C.AStL
Peo.AHast
G .T .of Can.
Gr.T.W est
D.G.H.AM
N.Y.C.AH+
W abash ....
Total-
..
1901.
t
( 3,629,959
3,617,331
1,227,993
100,743
1,278,431
210,205
)
>2,018,926
)
4.499,413
1,896,170
12,939,2(4
2,005,340
4.4J 0,270
1,270,498
12,772,106
1899.
1900.
$
$
c 1,850,953
8,201,114
1 478,872
1,229.380
982,783
197,231
137,128
C 1,528,699 1,448,300
318,702
] 328,982
50,939
(
69,372
4.010,370 3,377,802
1,209,160
1,011,499
11,704,204
9,009,048
1898.
1897.
$
1,912,301
627,729
1,001,718
157,069
1,327,638
294,458
63,*31
8,498,752
052.813
1
1,777,808
464,005
985,400
137,250
1,200,717
221,604
72,420
3,393,649
802,860
9,784,800
9,105.293
EA R N IN G S O F SO U T H E R N G R O U P .
February,
Alabam a Gt. 8o.
Cent, o f Georgia.
Chesap. A Ohio..
Oin.N.O. A Tex.P .
Louisv, A Nashv.6
Mobile A O hio..
Nash.Chat.A St.L.
Norfolk A W est..
Southern B y ... %
Memphis Diy. v
St. Louts Div. )
Yazoo A Miss. Vah
1902
1901.
1900.
1899.
1898
1897.
t
t
212,440
183,017
6(8,486
020,701
1,209,687 1,120,102
42*,00fc
409,001
2 805,000 2,203,9*7
7497,000 +481,400
*018.034 *600.320
1,207,070 1,238,077
!
%
t
$
163.640
131,601
142,770
127,415
660,089
447,87b
474,98J
496,50*
888,71-8
918,390
776 9d8
775.708
392.104
261,614
822,807
321,101
2,183.97b 1,051,34C 1,7540*4 1,667,828
331 529
+477,470 +842,000
861,120
*680,278
430.141
420 982
400,81'
1,000,016
769,404
870,80?773,48
,1,570,022
c2,021,089 c2,937,899 Jc8.fi 68,311 c2,059,012 Cl,852,843 V 100,802
1C4.543
\ 181,086
121,442
114.688
556,874
662,629
841,805
424,884
815,122
480,89*
T o t a l... . . . . . . 10,004,104 10,427,373
9,480,286 7,848,028 7,740,124 0,837,622
1 ["'■latex M ontgom ery Division for 1603,1001,1000 and 1899.
\ Includes I aducab A Memphis Division In these years.
r* Hreign to n ■material carried for com pany’s own use is no longer credited t<
been eliminated from both earnings and expenses
for 1902.1901 and 1900 are given on this basis,
c Figures fo r 1902, 1901, 1900, JSfc9 and 1898 Include Booth Carolina <
D eo/gm Mobile A Birmingham and 161 miles o f A tlantic A Yadkin an
A tlantic A Danville.
♦ Boston A A lbany Included in 1902 and 1901 the Beech Creek RR. and the
W allkill Valley HR. fo r all th e years, and th e Fall Brook system after
1899.
G R O S S E A R N IN G © A N D M I L E A G E IN F E B R U A R Y .
Or 088 E a r n in g s .
N am e o f R o a d .
1902.
$
2 1 2 ,4 4 9
iia b a m a G t.S o u th ’ n .
V la .N .O .& T e x .P a o .—
1 5 8 ,7 0 9
N. O rl. A N o. E a s t ..
8 3 .2 1 0
A la. A V lo k sb .........
V ioksb. S h r .A P a c ..
10 J,310
vn n A r b o r ................ .
1 3 7 ,7 7 9
4 6 ,2 73
A tlan ta K n o x v .A N o .
12 651
A tla n tic & Birrn’ h’ rn.
2 2 ,8 4 4
A tl. V a ld o sta A W . . .
Ba tim o r e & O h io. >
3 ,6 2 9 ,9 5 9
B alt. <fe O. B(Vwn. \
B e lle fo n te C e n t r a l..
3 ,089
3 3 9 ,9 6 5
Butt’. R o c h . A P ittsb .
3 9 4 ,2 4 0
Burl. O ed. R. A N o ...
C anadian P a d t ie ___
2 ,3 3 8 ,t'OO
6 4 8 ,4 3 6
C entral o f G e o r g ia .
0 443
O hattan. S o u th e r n . -
1901.
m ileage,
In crea se or
1902.
D ec r e a s e .
1 9 01.
$
1 8 3 ,9 1 7
$
-1-28,532
310
3
1 6 3 ,9 2 5
7 8 ,7 0 0
8 0 ,2 4 9
1 2 7,241
36 ,0 0 7
7 ,338
1 9 ,6 4 2
-5 ,2 1 6
010
4-20,007
4 1 0 ,5 3 8
4 1 0 ,2 6 *
-l-f' 213
4 3 ,2 0 2
196
143
188
292
228
7i
118
190
143
188
292
22S
71
118
3 .5 1 7 ,3 3 1
4 1 1 2 ,6 2 8
3 ,2 2 0
3 ,2 0 0
3 ,1 1 3
4 0 3 ,3 0 8
3 8 8 ,0 1 2
1 ,9 7 7 ,1 8 9
6 2 6 ,7 0 1
0 ,9 8 0
4570
—0 3 ,3 4 3
4 6 .228
+ 3 0 0 ,8 1 1
4 2 1 ,7 3 5
— 537
27
472
1 ,3 2 4
7 ,5 9 0
1*845
105
27
472
1 .2 7 6
7 467
1,6*70
105
THE
556
Utileaye
ttrosi tCarntnas.
M«me o j Hoad.
1902.
GflceiApaAkC A O h io.
Ghio, A lisidl IUillOlB
Omu. Great We « l nr u
Ohio. lix i. A Louiesv.
Okie. Peoria A tit. L ..
Ohio. Term, T f. UK
Choc. Okla. A Gutft
Oiu. N .0. A Tex.P&o.
Clov <’iu.Lit A Ht. I.
P ool’l l A E a stern .
C olorado A Southern.
Ooi. Sand. A H ocli'g.
D«mv. A R io Gramlm
D al. tio. Shore A A tl,.
East St. L. A Oaroa.
Evansv. A Indianap
Mvanav. A T. H aute.
Da. South. A F lorida
Dr. Trunk o f C an... )
Gr. Trunk W est.. >
D ot.G r.U a v .A M . J
a t. No. —ti. 1*. M. A M
E a ste rn o f M in n ..
Montana C en tral..
H ooking V a lley ........
Illinois C entral.____
Illin ois S o u th e rn ...
tnternat’ 1 A Gt. N o.
lo w a C e n tra l...........
Iron R a ilw a y ........
Kanawha A M ich . . .
Lehigh A Hud. River.
Loulsv, A N a sh v ille ..
Macon A Birtning’ m
M anistioue. ............
Minn. A St. L o u is ....
M ln n .S tP .A g.Ste.M
Mo. R an. A T ex. sys b
Mo. P ac. A Iron Bit..
Central B ran ch —
M obile J ack . A K . 0 .
M obile A O h io............
Nash. Chat. A St. L ..
N. V.Cen. A H u d.R iv,*
N orfolk A W e ste rn ...
Northern Paeiflo-----P ere M arquette....... .
jpittsb. A W e s te r n ..}
F ittsb. 01. A T o l. V
Plttsb. P a.A F a ir.)
R io Grande South’n.
St. L, R en n ett & So.
St. Louis A 3. F ra n ..
St. Louis Southwes’n
St. L. Van. A T. H ...
San Fran. A No. P a c.
S. P edro L. A. & S. L.
Seaboard A ir L in e. . .
So. Car. A Ga. E x t ...
So. H aven A Eastern
Southern In d ia n a ..
Southern R ailw ay..
St.Louls D ivision
T . H aute & Indianap.
T . H aute A P e o r ia ...
T ex as Central...........
T ex as A P a c ific ___ _
T ol, A Ohio Central.
T ol. P eoria A West’n.
T o l. St. L. A W e s t ....
T oron. H am . A B nfi.
W abash................ . . . .
W heel. A L ake E r ie )
Clev. Can. A 8 o .. $
W isconsin C en tral..
Y azoo A Miss. V a l...
CHRONICLE
Increase 0>
Decrease 1902
1901.
JSame o f Road,
1901.
«
*
1,208,587 1,186,192
507,248
473,095
527,068
521,863
27O ,«(0
283,696
108,293
108,288
121,120
101,028
806,105
396,746
402,001
428,665
1.227,993 1,278.431
166,743
210,295
360,334
408,500
80,474
88,311
758,100
730,3u0
166,064
106,176
11,222
10,194
22,*62
28,128
108,871
102,018
99,758
101,717
$
+ 8 2 .3 9 5
+ 3 4 ,1 5 3
+2,206
+ 13,030
+5
+ 20,002
+ 90,6*1
+ 20,661
—50,438
— 48,552
+ 4 8 ,1 6 '
+ 2,837
— 18,800
+ 29,111
—1,02*
+260
—6,85.3
+ 1 ,9 5 9
1,007
727
926
54b
292
107
725
336
1,891
352
1,145
273
1,722
689
13
14b
162
286
1,470
727
929
646
292
2,005,340
+ 13,586
4,042
4,042
2,018,926
1,817,899 1,887,479
171,441
253,153
152,321
181,588
804,211
334,272
2,984,919 2,959.855
9,027
8,283
369,196
853,818
200,939
206,638
6,892
6 ,6 i2
64,263
71,596
25,651
38,873
2,365,900 2,263,937
10,413
10,092
7,981
3,016
257,703
220,434
387,682
294.8S0
1,111.690 1,186.099
2,885,000 2,644,000
71,000
85 OuO
13,110
11,625
481.40c
497,000
609,320
618,934
4,499.413 4,490,270
1,207,670 1,233,977
2,789,160 2,182 133
^462,656 2/414,481
259,215
+ 430,420 4,688
+ 81,712
897
—29,264
2 t0
—30,081
347
+ 25,564 4,265
+ 1,614
96
885
—15.377
+ 5 ,6 9 4
643
+750
20
+ 7 ,3 3 3
173
—8,222
90
+ 101,963 8,313
+ 321
97
— 4,935
64
—37,219
043
+ 9 2 ,8 0 2 1,355
—74.409 2,480
—159,O0u 5,3 L6
—14,000
388
50
+ 1,485
+ 1 5 .6 0 0
87»
+ 9 ,6 1 4 1,195
+ 9,14. 3,2 +
—26,30
i,6 7 5
+ 6 0 7.027 5,302.
+ 4 8 .1 7 5 1,8*1
238,771
+ 20,444
352
180
42,442
36,810
+ 5,632
10,559
11,370
68
—811
1,574,137 1,453,176 + 120,961 8,192
616,629
550,858
-6 5 ,7 7 1 1,293
151,232
153,520
—2,288
158
56,964
—4,056
61,020
165
19,532
13,139
50
+ 6 ,3 9 3
025,770
894,054
—31,716 2,600
26,117
—4,429
21,688
182
37
2,808
3,296
+488
34.532
39,510
+ 4 ,9 7 8
154
2,921,089 2,937,399
—16.S10 6,740
117,597
80
126,915
+ 9 ,3 1 8
48,547
174
34,140
—14,407
—7,558
225
40,350
47,908
959,700
875,480
—84,220 1,665
182,912
+ 18,927
163,985
430
87,848
81,50 i
248
—6.341
204,720
179,022
—25,69451
32,844
3o,092
+ 2 ,7 5 2
88
1,396,171 1,270,4911 + 125,672 2,367
464
230,237
217,816
+ 1 2 ,4 1 9
356,892
982
396,00C
+ 3 9,108
562,526
555,374
—7,155 1,091
102
637
381
1,891
362
1,142
273
1,675
589
13
14 ‘
162
286
4,610
332
260
347
4.241
96
820
610
20
178
9<
8.161
9'
64
618
1,278
2,222
5, LA
386
50
894
1,195
3,223
1,600
5.494
1,8 1
352
18<
68
3,049
1,258
158
165
50
2,600
182
37
164
6,727
SC
174
225
1,514
430
24r
461
88
2.358
464
982
1,047
T o ta l t92 ro a d s)...- 50,301,694 4 8,404,74C +1,896,951 94,914 93,269
M exican R o a d s - (N ot Snclr ded in tot« Is.)
3/270,3UC 3/264,161
+6,14C
In teroeeanic <Mex.).
M exican C e n tr a l....
1,424.811 1,368,711
+ 5 8 ,10s
632,251 i
565.201
+67047
M exican N a tio n a l..
«2 8 7 ,9 0 (
y262,90(
+25,001
M exican R a ilw a y __
3/57,77c
y51,754
+ 6 01£
M exioan S ou th ern ..
555
2,186
1,323
321
260
555
2,054
1,323
321
260
* B oston and A lbany inoluded in both years,
t Earnings h ere given
are fo r railroad on ly and do not c o v e r m ining operations, b In clu d es
Sherman Shreveport A Southern, M issouri M idland, and exten sion to
San A ntonio for 1902.
y Figures here given are fo r three w eek son ly
o f the m onth in both years; the fou rth week not y e t reported.
GROSS E A R N IN G S F R O M J A N U A R Y 1 TO F E B R U A R Y 28.
Name o f Road,
A labam a Gt. S ou th ern..
Ala.. N. O. A T ex . P a c.—
N. O. A N ortheast’n ...
A labam a A V ioksb’ g.
V ick sbu rg Shr. A Pac.
A nn A r b o r . . . . ..............
A tl. K u ox v . & North’ n.
A tlan tic <fc Birmingham
Atl. Valdosta A W esL,
B a ltto o r e & O h io___ )
B alt. A Ohio So’w ’n 5
B elief on te > e n t r a l......
Buff. R oeh , A Pittsburg
Burl. Ced. R ap. A N o ..
Canadian P acific...........
C entral o f G e o r g ia ....
C hattanooga Southern.
Chesapeake A O h io___
Ohio. A E ast’n Illin o is ..
Chic. G reat W estern ...
Chic. Ind. A L o u is v ....
Chic. P eoria A St. L . . .
Ohio. Term’l T ransfer..
C hoc. Oblah. A G ulf t ,
Cln. New Orl. A Tex.Pao,
Olev. Cin. Chic. A St. L . .
Peoria * E mst ern ..
1902,
1901.
$
442,823
S
889,928
343,351
180,301
2Q*,05s
205,209
104,536
25,29 i
51,035
7,925,333
8,6< 4
818,479
841.880
4,959,792
1,410,879
13,640
2,548,433
1,102,214
1,146,2*1
617.7*0
232,785
257,918
866 310
887,2 )4
2.657,589
369 434
336,056
171,784
166,610
281,273
73,009
15,104
43.834
7,514,557
7,083
867,044
814,019
4,031,205
1,297.938
14,10ti
2,354,392
990,134
1,056,596
587,158
221,795
217.747
664,092
812,733
2,629,27
429,910
Increase
Decrease
$
52.895
$
•..........
7,295
8,67^
36,049
13,996
31,527
10,18"
7,2 el
41 0 ,7 7 1
1 ,5 2 1
...
27,86!
928,587
112,941
!
194,041 !
106,080
89,625
30,6*2
10,990
40,1 1
202, *16
74,521
28.317
48,565
528
[VOL. LXXIV
1902
1901.
Increase. O scm a se ,
$
«
$
$
123,887
C olorado A Southern.
787,070
860,957
183.247
uol. Sand. A H ooking.
161,367
21.880
1,604,870
....
Oenv. A Elo G ra n d e ...
1,670,703
06,327
69,005
Dul. 8o. Shore A A tl.. .
387,331
818,826
1,380
a..a ....
East St. L. A O aron del..
25,247
28,917
3,196
45,378
Evansv. A Indianapolis
48,574
^
_
,
216,465
9,070
224,635
Evansv. A Terre Haute
4,899
216,122
211,228
Ga. Southern A F lorida
...........
*rand Trunk_____ ... )
50,447
Gr. Trunk W estern.. >
4,297,901
4,247,457
Det. Gr. H. A M llw .. 5
treat No. 8t. lRM . A M.
2,980,001 1,059,994
3,998,895
100,451
481,106
374,654
Eastern o f Minnesota.
„„„^ _
76,386
358,902
280,516
Montana C en tra l...
.„_„
2,770
711,733
714,512
H ooking V a lle y ......
298,645
6,179.828
•..a....
Illinois C e n t r a l..___
0,478,473
4,026
16,551
I llin o is Southern...........
20,677
42,666
823,135
ait. A Great N orthern..
780,469
nTtmr_
23,466
427,544
451.010
Iow a C entral.............. .
__
3.163
10,004
13,767
Cron R a ilw a y..........
. . . . -a..
20,664
Kanawha A M lohlgan.
170,515
143,851
15,714
73,907
58,1 a8
Lehigh A Hudson R iver
325,082
...» .a.a
4,705.574
5,090.656
Louisville A N a sh v ille..
780
22,436
21,706
viaoon A B irm ingham ..
8,149
15,862
12,218
M anlstlque.......................
35.065
518,475
a •«m.
483,410
Minneapolis A St. Louis
192,020
596,371
788.897
Minn. St. P, A 8. 8te. M„117,236
2,539,949
2,422,714
Mo, Kan. A T exas sys.
149.025
5,379,189
5,230,164
Mo, P aolflc A Iron M t..
_ . ■
; 45,893
184,593
138,700
Central B ranch ...........
25,035
4,075
29,110
M obile Jack. A K. City.
15,800
1,080,700
1,064,900
Mobile A Ohio............ .
.......a
6,974
1,319,896
1,320.370
Nashv, Ghat. A 8t. L {..
227,18*
9,673,248
9 .900,43t>
New Y ork C e n t r a l......
2,600.904
123.3*6
«... WWM
2,724,290
Norfoik A W estern. . . . . .
4,558,622 1,132 973
5,691,596
Northern Paolflc___
136,775
Pere M arquette.............. 2/1,281,652 y 1,097,877
...........
Pittsburg A W e ste rn .,)
518,689
35,377
Plttsb. Cleve. A T ol.
554.066
. . . . ----Pittsb. Paines. A F .. ’
7,685
82,048
89,733
Klo Grande S ou th ern..
22.540
8,805
31,345
St. Louis K em iett & So.
3,153,723
3,373,714
219,991
St. Louis A San Fran .
1,294,341
102,917
--- -1,191,424
St. L ouis Southwestern
315,764
9,290
...a...a
325,054
8t. L ouis V and. A I. H .
8,657
a......a
123,966
132,628
San Fran. A No. Paolflc
20,225
38,063
11,838
San Pedro Los 4. A S. L
13,989
1,892,786
1,878,797
Seaboard A ir L in e.........
.__„
4,283
49,857
45,574
So. Oar. A Ga. E x t e n ...
1,700
6,224
7,924
So. H aven. A E a st’n ..
17,938
69,869
87,307
Southern In d ia n a .......
Southern R ailw ay —
6,021.586
158,973
6,180,559
St. Louis D iv isio n ..
241,962
275,600
33,638
T H aute A Indianap.
13,698
91,520
77.822
Terre H aute & P e o ria ..
112,994
21,032
91.962
Coxae C entral............
94,544
2,033,217
1,938,673
Texas A P a cific..............
364,403
39,089
403,492
Toledo A Ohio C e n tra l..
5,910
184,061
178,151
Toledo P eoria A W est’n.
42,354
439,377
397,022
Tol. St. L ouis W estern ..
65,013
67.241
2,236
T oronto H am . A B u ft...
2,789,183
267,195
3,050,378
Wabash........................ .
Wheeling A Lake E rie )
........ a.
452,830
497,520
44,681
Cleve. Canton & So.. J
849.362
767,700
81,662
W isconsin C en tra l_____
14,942
1,208,630
1,193,688
.......
Y azoo A Miss. V a lle y ..
T ota l (92 ro a d s)— 108,781,813 102,330,497
N e t in o r e a s e ................. .
M exioan R oads—
Interoceanie (M e x .l...
Mexioan C entral.........
Mexioan N ation al.......
Mexican R ailw ay. . . . .
Mexican Southern.......
3/870,500
3,038,174
1,282,527
*735.800
3/183 923
1/680,380
2,826,162
1.167,226
2/669,100
2/127,441
7,387,336
6,451,310
936,020
9,880
212,012
115,301
66,700
6.482
..... ....
t E arnings from F ebruary 1 are fo r railroad only,
t Includes Paducah A M em phis D ivision in both years.
y These figures are d ow n to the third w eek o f F ebruary on ly.
ITEMS ABODT BANKS, B A N K E R S AND T R U S T CO'S.
—The public sales of bank stocks this week aggregate 59
shares and were all made at auction. The transactions in
trust company stocks, also all auction sales, reach a total of
152 shares. Thirty-one shares of stock of the Tradesmen’s
National Bank, upon which 20 per cent has been paid in
liquidation, were soli at 8, and 5 shares of the Franklin
National Bank, now in the hands of a receiver, sold at 10.
In the “ curb” market sales of bank stocks were limited to 15
shares of stock of the National Bank of Commerce at 851.
Shares.
B a n k s —N ew York,
Price.
5 Germ an A m erican B ank............ 177
7 M arket <fe Fulton Nat. B a n k ... 265
12 Mount M orns B ank..................... 200
5 W estern National B a n k . ... .. .. 6 2 4 1
TBtJST COMPANIES— Yew York.
SO A m erica, Trust Co, o f ....... .
2694*
17 Central R ealty Bd. A Tr. C o ...
643-546
5 Cential Trust C o......................
1926*3
50 M anhattan Trust Co..................... 820
20 N. Y. Security & T rust C o ...., 1350
10 U. S. M ortgage A Trust C o ... . 4 69
B a n k s —Brooklyn.
10 M anufacturers’ Nat. B a n k ..... 300
20 M echanics’ Bank ............
219*3
Last
Mar.
F eb.
Feb.
Deo.
previous sale
1902— 1 7 6 Lj
L 0 2 — 257
1902— 2 321a
1901— 629*3
Feb.
Feb.
Mar.
Mar.
Feb.
Feb.
1902— 265**
1 9 0 2 - 550
1902— 1935*j*
1902— 526
1902— 1350
i9 0 2 — 475
Mar. 1901—
Feb. 1903—
285
218*4
— Control of the stock of the Greenwich Bank has been ob
tained by interests identified with the Hanover National
Bank and the Colonial Bank, with the object of reorganiza
tion, an increase of the capital and the establishment of
branches, The Greenwich Bank is a State institution with a
oapitalof $209,000 and surplus and undivided profits of $178,60 476 760, It was originally organized in 1880 and In 1855 its char-
M a r c h 15, 1902.)
I UK
(JU RON UJLK.
557
wrote as follow s: “ No respect that the Clearing House and
the banking and business w orld can show to the mem ory
o f Frederick D. Tappen can exceed that which is due to this
great, courageous and useful man.”
In the report in the C hronicle on Novem ber 17 1900 o f the
presentation to Mr. Tappen by the officers and em ployes of
the Gallatin National Bank o f a golden loving cup and an
album, on the occasion o f the fiftieth anniversary of his entry
into the institntion and o f the thirty-second year o f his presi
dency, the principal incidents o f Mr. Tappen’s banking career
were recorded. N ot the least im portant o f the testimonials
which were given Mr. Tappen in recognition o f his services
at critical periods was the presentation in 1893 o f an ancient
tankard. This was originally the property o f Sir John
H oublon, L ord M ayor o f London in the seventeenth century,
—It was announced in this department, February 8, that and the first G overnor o f the Bank o f England. This tankard
Comptroller G rout had suggested that taxes be made payable was given to Sir John in recognition o f his services in saving
on the first Monday o f February instead o f the first Monday the Bank o f England from a panic in 1693. The inscription
of October each year in order to save interest on revenue placed upon the tankard in 1698 was :
The gift of the directors of the Bank or England to|8ir John Houb
bonds issued in anticipation o f the payment o f taxes. A bill
lon, Governor, Lord Mayor of London, in token of ;his great ability*
em bodying this suggestion has passed the Assembly. Should industry and strict uprightness at a time of extreme difficulty.
it become a law the fu ll effect o f the saving o f interest w ill
1693.
Mr. Tappen’s friends added this :
not be felt until 1909 but at the outset the saving will amount
The gift of the Loan Committee of 1893 of the New York Clearing
to about $1,500,000 which revenue bonds n ow cost and which,
House Association to Frederick D. Tappen, Chairman, in token of his
by the operation o f the discount o f 3 per cent from February
great ability, Industry and striotHuprightness at a time of extreme
1 to August 1, w ill accrue to the benefit o f taxpayers. The difficulty.
Comptroller says that under the present system the city must
1873, 1884, 1890, 1893.
N ew Y ork , November, 1893.
borrow during nine months, from January to October, on
Appropriate resolutions on the death o f Mr. Tappen have
revenue bonds w hich am ount to $50,000,000 or $00 000,000 per
year, paying an average o f ?j% per cent interest. These bonds also been adopted by the N ew York Chapter o f the Am erican
are paid off in October, N ovem ber and Decem ber. The new Institute o f Bank Clerks.
ter was extended for one hundred years. It la a member o f
the Clearing House and It has been conservatively managed
The officers are : John S. M cLean, P resid en t; W illiam A.
Hawes, Cashier, and Frank Ham m ond, Assistant Cashier.
R ecently Charles E. Orvis o f Orvls Brothors, stock brokers ;
Hudson Hoagland, a director, and James M. Donald, Vice
President o f the Hanover Bank, were elected directors to fill
vacancies. The bank is located at 402 Hudson Street, corner
o f Clarkson, and it is expected that when the station o f the
Rapid Transit tunnel shall be opened in the vicinity the busi*
ness o f that locality w ill greatly increase. A special meet
ing of stockholders o f the bank w ill be held on March 27 to
take action on the proposition for increasing the capital
stock and the num ber o f directors, and also fo r the estab
lishment o f branches.
law amends the charter so that the tax for 1903 and there
after will becom e a lien on'the first Monday o f February, and
taxes, unless otherwise sgreed upon by the parties, are to be
apportioned between the buyer and seller o f real estate as
interest and rents are at present. T o avoid hardship, how
ever, the follow in g dates are fixed: F or 1903, 1904 and 1905
taxes are payable, w ith discount o f 3 per cent from February
1 to A ugust 1; flat from A ugust 1 to October 1; w ith penalty
after October 1. F or 1906, 1907 and 1908, they are payable,
w ith discount o f 3 per cent from February 1 to June 1; flat
from June 1 to A ugust 1; w ith penalty after A ugust 1. For
1909 and thereafter they are payable, w ith 3 per cent discount
from February 1 to M arch 1; flat from M arch 1 to A pril 1;
with penalty after A pril 1.
— A new financial institution, referred to in our issue o f
February 15, to be know n as the Lincoln Trust C om
pany, has been organized w ith a capital o f $500,000 and a
paid-in surplus o f a like amount. It w ill be located on
Broadway, between T w enty-fifth and T w enty sixth Streets.
The officers are as follow s : Henry R W ilson, President, and
Frank Tilford, V ice-President. The directors are : John R.
Hegeman, Harrison E. G aw try, Bradish Johnson, Charles S.
Fairchild, W illiam C. Lane, Clarence H . Kelsey, John D.
Hicks, J. Harsen Rhoades, Archibald Turner, Peter A W elch , Samuel D, Styles, A bram M. H yatt, R obert E. D ow
ling, Charles F , H offm an, Douglas R obinson, B. A ym ar
Sands, John B. Dennis, George C. Clark. Louis Stern, T heo
dore B. Starr, George C. Boldt and George P. Butler.
—The New York Clearing House Association on Monday
afternoon took appropriate action in m em ory o f the late
Frederick D Tappen. The attendance was large, every
member of the Association being represented, and there were
also representatives present from nearly all the financial
institutions indirectly connected w ith the Clearing House,
George G. W illiam s, President o f the Chemical National
Bank, presided, and in his brief remarks he recalled the fact
that he and the deceased were settling clerks when the Clear
ing House began business Oct. 13 1853. H e offered the fo l
low ing resolutions, which were unanimously adopted:
— Another new institntion, called the Broadw ay Trust Co.,
w ith a capital o f $700,000 and a surplus o f $350,000, is in
process o f organization. It w ill be located at the corner o f
Broadway and Eighth Street, and am ong the projectors are
ex-Com ptroller Coler, Moses May, J. J. R obertson and L,
M. Jones.
Whereas, Death has removed from our midst our friend and associ
ate, Mr. Frederick D. Tappen, who for nearly fifty years has been
Identified with this Clearing House, giving to It time and thought and
labor without reserve, making it largely his life work; and*
Whereas, We wish to place upon our minutes our appreciation of his
services and our deep sense of the loss we have sustained; therefore
Resolved, That In the death of Mr. Tappen this Association loses a
wlseconnselor, a capable, courageous and self poised leader; one re
sourceful in times of difficulty and financial peril; a man undaunted
In his devotion to the public good as rellected in the great interests
centred In this Clearing House, whose judgment we respected, and
whose presence we always welcomed; further
Resolved, That we {record with sincere appreciation his laborious
and responsible servloes in connection with the Issuance at various
times of Clearing House loan certificates and the resultant good
therefrom; also
Resolved, That an engrossed copy of these resolutions be presented
to his family.
Addresses eulogistic o f Mr. Tappen were delivered by J.
Edward Simmons, President o f the Fourth National Bank,
and one o f his most intimate friends; by Joseph C. Hendrix,
President of the National Bank o f Commerce in N ew Y ork ;
by A . Barton Hepburn, V ice President of the Chase National
Bank; by Thomas L. James, President o f the L incoln Na
tional Bank, and by Alexander Gilbert, President o f the
Market and Fulton National Bank. W . A . Nash, Chairman
of the Clearing House Committee, w ho was absent in Florida,
— The one-hundred-and-eighteenth anniversary o f the or
ganization o f the Bank o f New Y ork , National Banking Asso*
ciation, occurs to-day (Saturday), the institntion having been
organized March 15 1784. A lexander Ham ilton, w ho wrote
the constitution o f the bank, took an active part in its organi.
zation, and he was a m em ber o f the first board o f directors.
The institution was started under the most f avorable aus
pices, and its business has been almost uniform ly successful,
as is attested by the fa ct that tw o hundred and thirty-six
consecutive dividends have been paid to stockholders,
amounting to $16,491 695.
In 1794 the bank loaned $200,009 to the U nited States G ov
ernment, being the first loan ever negotiated by this nation.
The bank was active in receiving subscriptions for G vernment loans fo r expenses incurred by the war o f 1812, and in
1860, when it became evident that a financial crisis was im
pending, the first o f the loan com m ittees o f the Associated
Banks of New Y ork was form ed, and the V ice-President o f
this bank, Charles P. Leverich, was the custodian o f the secu
rities entrusted to the com m ittee, w hich, w ith its successor,
continued until May 1 1862, and rendered great service to
the Governm ent in the financial arrangements necessary at
the beginning o f the Civil W ar. In 1864 the bank, at the re
quest o f many m erchants, opened accounts in g >ld for the
convenience o f importers having gold payments to make to
the Government, and it waB the first institution to ope a such
accounts.
In the crisis o f 1837, when all banks were com pelled by
State law to suspend dividends, the Bank o f New York com -
uo
8
THE
CHRONICLE.
plied with the requirement, but the next dividend was made
for double the usual amount, thus preventing any loss to
stockholders. The Bank was originally located in the W al
ton Mouse at 67 St. George’s, afterward Franklin, Square,
and three years later it was removed to 11 Hanover Square,
in 17117-8 a building was erected on the present site, corner of
W all and W illiam streets, but after its occupation the busi
ness of the Bank was twice temporarily removed, once in
1769 and again in 1823, to Greenwich Village, owing to the
yellow fever epidemic. The present building was erected in
1857 and enlarged in 1879. The Bank took out a ’ national
eharter in 1865, under the extension o f which it is|now oper
ating. The follow ing is a list o f the officers and directors of
the Bank: Herbert L. Griggs, President; John L. Riker,VicePresident; Charles Olney, Cashier; Edward T. Hulst, Asst.
Cashier; George P Hall, Asst, Cashier. Directors: Herbert
L. Griggs, Gustav Anisicek, John Crosby Brown, Daniel A.
Davis, Anson W. Hard, Charles D. Leverich, Gordon M ac
donald, W illiam J. Mathescn, D. O, Mills, John G. M cCul
lough, W illiam A. Read, John L. Riker, George L. Rives,
Henry C. Swords and J. Kennedy Tod.
—The stockholders o f the New Amsterdam National bank
this week voted to increase the capital by $250,000, making
it $500,000, through the issue o f 2,500 shares of stock to the
present stockholders at par.
[VOL. L X X IV ,
system, and the change will be consummated when author
ity has been received from Washington. President Stephen
M. Clement is quoted as saying that the commercial develop
ment of Buffalo is bringing the business interests o f the city
into closer touch with the large financial centres of the coun
try, and it is felt advisable to get Into line under the na
tional system with these other large financial centres. Under
the latest call of State banks (December 3, 1901,) the Marine
Bank showed deposits o f close on to $13,000,000.
—The sale o f the Park Bank o f Albany, N. Y ., tothe Union
Trust Company o f Albany, whose initial opening occurred on
Monday last, was one o f the announcements o f the present
week. The bank has gone into liquidation and its assets
transferred to the trust company, which has taken the stock
at $165 per share. The form er will continue its existence as
a branch of the new institution, Mr. MacNaughton Miller
assuming charge as Assistant Cashier. The trust company,
which occupies the building o f the old A lbany City National
Bank, received deposits of $400,000 on its opening day.
—The increase in the capital o f the Colonial Trust Com
pany of Pittsburg to $1,500,000 has been made, the usual 60day notice having been waived by the stockholders. The
purpose of the increase, as noted in these columns on the 1st
iost., was the purchase of the stock of the Freehold Bank of
Pittsburg. A t a meeting last week of the stockholders of the
—Bills have been introduced in the Legislature changing latter all but tw o o f the old directors resigned, the retiring
the name o f the Am erican Deposit & Loan Co. to that o f the members being succeeded by director* of the Colonial Trust.
The officials o f the bank (which will retain the old name)
Equitable Trust Co. o f New York.
—On March 31 the co-partnership of Vermilye & Co. will w ill continue for the present.
—In the statement just issued by receiver Ellis B Pepper,
expire by limitation and James A . Trowbridge and Edwin
D. Trowbridge w ill retire from the firm. The business will o f the Pynobon National Bank o f Springfield, Maes., two
be continued under the same firm name by the remaining plans are outlined for tbe early settlement of its affairs. One
partners, Donald Mackay, Latham A. Fish, William A.Read, calls for the assessment o f 100 per cent against the stock
George D. Mackay, G. T row bridge Hollister and Arthur S. holders—50 percent payable May 15 1902and 50 per cent pay
able June 15 1902. The other calls for the 1akiDg up by the
Fairchild.
—E. B. Thomas, Chairman o f the board of directors o f the stockholders at 95 (the purchase price) of t he $557,000 bonds
Erie Railroad Co., was on Thursday elected a V ice President o f the American W riting Paper Company held by the bank
at the time of its suspension, and which have so greatly de
of the United States Mortgage & Trust Co.
—The plan for the merger o f the Kings County Bank of preciated since they were bought. It seems not unlikely that
Brooklyn with the Union Bank of that city has been agreed the latter proposition will be accepted.
upon by the directors o f both institutions, who w ill recom
mend that it be accepted by the stockholders. The relative
value of the stocks of the tw o banks has been fixed at $112
per share for the stock of the Kings County and at $170 per
share for the stock o f the Union Bank. In order to give the
shareholders of the Kings County Bank the privilege of ob
taining shares o f the Union Bank, the latter is to increase its
capital stock $100,000, and each shareholder o f the Kings
County Bank w ill have the privilege of selling his entire
holdings at $112 per share, or one-half thereof at that rate,
and receiving for the remainder an equal number o f shares
of the new issue o f stock o f the Union Bank at the rate of
$170 per share. The remaining tw o hundred and fifty shares
w ill not be sold for less than $170 per share, and it is the in
tention to sell these shares to persons other than the present
shareholders in order to bring in new interest. It is ex
pected that the result of this merger w ill place the Union
Bank among the strongest o f the State banks in Brooklyn,
giving it a paid-in actual capital and surplus o f over $340,000,
with the right to establish branches, one o f which, the Ham
ilton Branch, is already doing a prosperous business. The
combined deposits Will also give the consolidated bank tbe
ability to offer accomm odation to a much more liberal extent
than was possible with the separate banks with their smaller
deposits and capital. Arrangements have been made to take
a lease for the new banking quarters in tbe Temple Bar
Building from the first o f May. The capital o f the Kings
County Bank is $150,000 and surplus and profits $62,163, and
the capital of the Union Bank is $100,000 and surplus and
profits $68,751; both are State institutions.
—The Bank o f British North Am erica has just issued its
sixty-sixth annual report. The bank’s capital and reserve
fund now amount to £1,365,000. Deposits on Dec. 31 1901
were £3,151,128, as against £3,124,000 on Dec. 31 1900, £2,908,COOin 1899 and £2,583,000 in 1898. Out of the profits fo r the
half-year a dividend of 30 shillings per £50 share was de
clared, payable April 2, being at the rate o f 6 per cent per
annum, and £15,000 was added to the reserve fund.
—Tbe stockholders o f the Marine Bank o f Buffalo, N. Y .,
have assented to the proposed conversion to the national
—It is stated that the new 4,450 shares o f stock to be issued
by the First National Bank of Baltimore, Md,, w ill be taken
by a syndicate composed o f New York, Boston and Philadel
phia capitalists at $150 per share o f $100. One o f the mem
bers o f this syndicate is understood to be Mr. James T.
W oodw ard, President of the Hanover National Bank of this
city.
—Mr. R ob y Robinson of Atlanta and Mr. W illiam G.
Humphrey, formerly with Messrs. Rudolph K leybolte &
Company o f Cincinnati, have united under the corporate
name o f The Robinson-Humphrey Company for the purpose
o f buying and selling municipal and corporation bonds and
other approved investment securities. Such business here
tofore carried on by Mr. Robinson individually will be taken
over by the new company.
—As expected, Mr. Joshua D. Powers has been chosen as
President o f the new National Trust Company o f Louisville,
K y., and Bethel B. Yeech as Cashier. Mr. H . W . Reese,
President o f the Third National Bank o f Louisville, is one o f
the members of the board of the new institution.
—The American National Bank o f Macon, Ga., has issued
its statement under the call o f February 25. This shows
that the institution is enjoying continued growth. Deposits,
w hich on October 29 1991 were $780,715, are now $823,186.
But the most noteworthy fact is that the institution in its
career has paid out $110,000 in dividends and yet is able to
show surplus and profits o f $108,715. A steel safe deposit
vault is one o f the bank’s recent additions. L. P. H illyer is
Cashier, J. M. Johnston President and R . J. Taylor VicePresident.
— Mr. John W . Dickey, the well-known banker and broker
o f Augusta, Ga., has lately purchased property in that city
and will construct a handsome banking building, to be occu
pied only by himself.
—Messrs. Haskins & Sells, accountants, announce the
opening of a St. Louis office, located In suite 414,415 and 416
Lincoln Trust Building.
— A t the annual election o f the Cleveland Stock Exchange
held Thursday, March 6, the follow ing members were elected
M arch 15, 1902.]
THE
CHKONIGLE.
to the board of gove nors: Charles A . Otis J r., L. W.
Prior, W . H. Lampreoht, H erbert W right, Carl S. Russell,
John C. Chandler, and W ill S. Halle. Subsequently at a
meeting of the board Chas. A . Otis Jr. (o f Otis Sc H ough)
was elected President; L. W . Prior (o f Denison, Prior & Co.)
became Vice-President, and John C. Chandler received th e
votes for Treasurer.
The reports o f officers presented at the
meeting showed a very satisfactory condition o f affairs.
— Mr. Robert McCurdy, President, and Myron B. Dennison,
Cashier, of the First National Bank o f Y oungstow n, Ohio,
capital $500,000, have organized the Old National Bank o f
Youngstown, with $200,000 capital. This latter will su c
ceed to the business o f the First National, whose charter has
expired. The officials w ill continue as heretofore.
559
good will o f the Union National Bank o f New Orleans, the
capital o f which is $600,000. The m erger is already assured,
although the bank’s stockholders will not officially act on the
proposition until A pril 14. The purchase price will be $900,000. The stockholders o f the bank will receive at their option
$150 cash per share (par value $100) for their holdings, or
stock in the new institution on the basis o f $200 per share.
It is expected that the latter will be ready to start business
on A pril 15.
—The M etropolitan Bank o f Minneapolis, Minn , no longer
exists, having this week merged w ith the Northw estern N a
tional o f that city. The absorbed bank was organized in
1889 and had a oapital o f $200,000 and deposits of nearly
$1,500,000. President J. F. W ym an and V ice President L. S.
Gillette o f the M etropolitan will becom e directors of the
—The charter o f the Moss National Bank o f SanduBky,
Northwestern. Mr. F. E H olden, the Cashier o f the M etro
Ohio, which is the successor o f the First National B ink of
politan, will also be identified with the Northwestern. N o
Sandusky, Ohio (the sixteenth bank organized under the N a
increase is to be made in the latter’s capital o f $1,000,000.
tional Banking A ct and in itself the successor o f Moss Broth
The consolidation w ill, how ever, enable it to show a surplus
ers, Bankers, successor to A . H. Moss, Banker), w ill be
o f $500,000.
renewed, we are inform ed, in O ctober under some m ore gen
—The National Safe Deposit Company o f Chicago has filed
eral name.
for record a certificate o f increase of stock from $500,000 to
—Messrs. Otis, W ilson & Co., investment bankers o f C h i
$2,500,000. This is preliminary to the erection of the new
cago, have ju st issued an attractive circular setting forth the
building contem plated for the occupancy of the First National
various national and corporation bonds w hich they own and
Bank and office purposes, the cost o f w hich w ill probably
offer for investment. They make a specialty o f German Im
exceed $3,000,000, Later a 4-per-cent bond issue o f $2 500,perial and Mexican Governm ent issues, in w hich offerings
000 is proposed. The bank (w hich owns all the present $500,they have been very prom inent and successful. They deal
COU stock o f the Safe Deposit Company) w ill have the right
also largely in m unicipal, railroad, street railroad, elevated,
to subscribe to ju st enough o f the new shares to retain con
suburban traction, gas, electric and other pu blic investment
trol—$750,100. The balance w ill be offered to the stockhold
securities of high class.
ers o f the bank in the ratio o f one share fo r each tw o shares
—The “ Proceedings o f the Twenty-seventh Annual Con o f their holdings o f bank stock. Payments are to be made in
vention of the Am erican Bankers’ Association” has just fou r instalments, namely, 25$ on July 1 1902; 25$ January 1
been issued in book form . The book is handsomely gotten 1903; 25$ July 1 1903 and 25$ January 1 1904.
up, three-quarters bound in red leather and with gilt stamp
ing. The inside of the volum e is no less attractive. It em
braces the entire proceedings o f the convention o f October
15, 16 and 17, 1901, held at M ilwaukee. The constitution
IFrom our own correspondent, j
and by-laws are given in full, in addition to com plete lists of
L ondon, Saturday, M arch 1, 1902.
In consequence o f the forced sales during the past fort
the officers and members o f the A ssociation. F inely executed
engravings o f Myron T. Herrick, President, and F. G. Bige night the stock markets have been very quiet this week, and
the fortnightly settlement w hich ended on Thursday night
low , Chairman of the E xecutive Council,|adorn the first contributed to the slackness o f business. The settlement,
pages. The other officers fo r 1901-1902 are: Caldwell Hardy, however, passed off quite sm oothly, no difficulty o f any kind
First Vice-President; G eorge M. Reynolds, Treasurer; James being discovered. It is believed n ow that the forced selling
is over and that the stocks have passed into strong hands.
R. Branch, Secretary, and W illiam G. Fitzw ilson, Assistant Consequently there is again a hopeful feeling.
Secretary.
But ousiness is decidedly less active. Apparently the pub
—The additional $200,000 capital o f the N ew Y ork National lic has not yet quite understood the situation. It has been
disconcerted to find that after so very short an im provem ent
Exchange Bank of this city, w hich became effective in N o so great a trouble was experienced on the Stock Exchange;
vember last, has been listed on the Stock Exchange.
and therefore it imagines that matters are very m uch worse
than they really are The offenders in the present case were
—The stockholders o f the M anufacturers & Traders’ Bank very small people who bought altogether beyond what they
of Buffalo voted on Tuesday last (the 11th inst.) to increase were justified in doing; but even they have closed their
the capital from $100,000 to $1,000,000. U p to a week ago accounts w ithout loss. N ot a single failure o f any kind has
the bank had a capital o f $900,000, the par value o f the occurred. The Continental operators, too, have been som e
what alarmed, and there is a marked absence o f French and
shares being $50 each. But as a preliminary to the increase, German buying this week. A t the mom ent the public both
the stock was first reduced to $100,000. Under the increase here and on the Continent is waiting fo r a lead. The g en
to a million dollars there w ill be 10,000 shares o f a par value eral impression is that preparations are being made for the
of $100 each. The bank w ill also have a surplus of $1,000,- lead and that business w ill broaden out and become m uch
more active next week.
000 and undivided profits o f $250,000.
Outside o f tne mining market there has been very little
—Mr. Frederick H. Mills, form erly o f Messrs. Mills & doing. Here the public is m uch m ore inclined to sell than
to buy Am erican securities, for the Northern Securities dead
Blanchard, announces the form ation o f the corporation o f lock is not in the least understood. People are puzzled to
F. H. Mills & Company, with offices in the Mutual L ife In know why the arrangement com e to has not been thoroughly
surance Co. Building, 95 Milk Street, Post Office Square, carried out, and therefore they are apprehensive that there
Boston, for the purpose of dealing in investment securities may be greater difficulties than are known at this side o f the
Atlantic. The result is a general unwillingness to venture
for trust and personal funds.
upon risks iu the market. There has been some buying, on
the other hand, especially by French capitalists, o f Brazilian
securities, and there are rumors in circulation that some
great plan is in contemplation which w ill raise the prices o f
Brazilian securities largely. One story is that the sinking
lund, w hich need not be resumed fo r 10 years, is to be
resumed at once. Another is that an attempt is to be made
to unify and convert the debt. It is impossible to find out
from those best in a position to know what the real truth is;
but that some o f the great French houses are desirous o f
carrying out something is generally beli ved.
In Paris business is as stagnant as ever. There is a vast
accum ulation o f unem ployed m oney, but tbere is an utter
unwillingness to engage in new enterprise o f any kind.
Probably this temper will pass away soon. It has been in
creased by the strikes in Spain and Italy, bat it existed
—The newly-organized Southern Trust & Banking C om before. Partly it originated, no doubt, in the heavy losses
suffered in industrial enterprises at borne and in Russia;
pany of New Orleans, before mentioned in these columns, partly it was continued by the crisis in Germ any, and partly
has arranged for the purchase of the assets, business and it has been aggravated of late by the fear that Socialism in
—The stockholders of the American TrustJ& Savings Bank,
Chicago, at a special meeting on Tuesday, voted unanimously
(and 95 per cent of the stock was represented) to increase the
Bank’s capital from $1,000,000 to $2,000,000. The new stock
will be issued at 150, thus adding $500,000 to the present
surplus and undivided profits o f nearly $500,000. A pplica
tions must be made on or before May 1, and the stock paid
for on or before June 1. It is probable that all o f the new
issue will be taken by present shareholders, but a syndicate
has been organized to take any that is left. On the day o f
the stockholders’ meeting the deposits of the A m erican Trust
& Savings Bank were $16,400,000.
560
THE CHRONICLE
[Vol. LXXIV
France is growing rapidly stronger and that the coming
elections will probably show a large increase in the Socialist
representatives in the Chambers. In Germany matters are
I m p o r t s a n d E x p o r t s f o r t h e W e e k . — The following are
aa quiet as ever, The slow liquidation goes on. The banks the imports at New York for the week ending March 6:
Of aii kinds find it difficult to employ their surplus funds,
FOR RICH IMPORTS,
and everywhere there is slackness. Yet there are signs of
improvement in many directions, though they are slight
For week.
1902,
1901.
1900,
1899,
&0mmetxtal anti JWsjcsII&ttetftts •$£***>*
yet.
Thursday’s return of the Bank of France shows that the
gold held by that institution now exceeds 100 millions ster
ling, or nearly 500 million dollars. It is the largest sum,
the writer believes, ever accumulated by a single banking
institution. The United States Treasury of course often has
held larger sums; but that is different from the Bank of
France, In the same way the Russian Government only a few
years ago held either itself or in the Imperial Bank of Russia
180 millions sterling; but for a bank proper to hold more
than 100 millions sterling in gold would seem to be unprece
dented; and the accumulation is going on. All the gold
offering in the open market in London is being bonght for
France, and the telegrams state, moreover, that
million
dollars in the metal have been shipped from New York to
Paris this week. In spite, however, of this extraordinary ac
cumulation of unemployed money, there is an utter unwilling
ness to engage in any kind of new enterprise. New loans
are arranged for and are being prepared, not only home
loans, but foreign loans as well; but the public in general is
literally doing nothing. In Germany there is likewise a
great accumulation of unemployed money. The last return
of the Imperial Bank of Germany shows that the coin and
bullion held exceeded the notes in circulation.
Here in London the Bank of England has complete control
of the open market for the time being. Indeed, the open
market has borrowed very large amounts from the Bank;
and in all reasonable probability the Bank will retain con
trol until the interest on the national debt is paid at the
beginning of April; for it is improbable that the Government
will be able to disperse very much in excess of what it is
receiving in revenue. When the interest on the debt is paid
in April, however, there will be probably a few weeks of
ease until the new Government loan comes out. Whether
there will be sucb a period of ease depends, though, upon
whether the New York market is easy or not. Should a
demand for gold arise in New York rates here would proba
bly be fully maintained,
In India, although money is in good demand, as it always
is at this season of the year, there is nothing like a stringency
experienced in former years, The rates of interest of the
Presidency banks, for example, are not higher than 8 per
cent. Yet the India Council continues to sell its drafts well.
It offered for tender on Wednesday 80 lacs and the applica
tions were nearly 1,450 lacs. Applicants for bills at Is, 4 l-33d.
per rupee were allotted about 5 per cent of the amounts ap
plied for. Above that figure applications were allotted in
full. Applications for transfers at Is. 4 3 33d. were allotted
about 5 per cent of the amount applied for. Later in the
day the Council sold a small amount of bills at Is. 4 l-16d.
per rupee and ?>% lacs of telegraphic transfers at Is. 4J^d.
per rupee.
Dry G oods___
Gen’ l m er’ dlse
$2,948,884
9,668,620
$2,818,280
10,520,196
*2,575,015
7,475,060
$2,680,401
12,641,877
T o t a l ......
Since Jan. 1.
Dry G o o d s ....
Gen’l m er’ dise
$12,517,510
$12,844,425
$10,050,075
$15,322,278
$27,919,813
79,804,921
$23,739,844
80,884,506
$28,922,126
80,067,329
$24,354,545
78.277,444
total 10 weeks U 0 7 ,724,734 $104,028,350 $109,589,455 $102,631,989
The following is a statement of the exports (exclusive of
specie for the week ending March 10:
EXPORTS PROM (*KW VORK ROB THB WHBK
1902.
1901.
1900.
$18,049,397
80,870,284
$15,243,999
95,575,329
$9,878,229
82,479,772
t’ota l 10 weeks $88,033,053 $100,525,831 *110,819.328
*92.358,001
f or the w eek ,,
‘rev. reported
*8.950.207
79,082,840
The following shows exports and imports of specie at New
York for the week ending Mar. 8 and since January 1.
EXPORTS AMD IMPORTS OP BPBC1B AT SHW TORS
Exports.
Gold.
Week.
ire a t B ritain.
Prance.
Germany................. .
Vest I n d i e s .....___
R e x io o ......................
South A m erica .......
i l l other cou n tries
T otal 18 02 .
T otal 1901.
T otal 1900.
« ....... .
8,823,826
Im p o rts
Since Jan. 1.
” '2 3 0
$142,250
11,611,649
1,586,104
237,171
47,610
Week.
Since J an. 1.
198,000
198,000
102,840
9,908
1,558
1,180
47,139
9,407
244,237
57,119
$3,371,566 $13,688,014
17,180
8,324,899
357,546
6,761,227
$206 897
42,190
113,055
$550,917
604,154
960,679
15
8,100
Exports.
Silver.
Week.
Im ports.
Since Jan, l . J
Great B ritain .
fr a n c s .............
Germ any........
(Vest In d ie s ...
Mexico
South A m e rica .......
411 oth er countries,
$229,265
$7,047,606
512,943
3,366
35,357
29,011
700
T otal 18 02 .
T ota l 19 01 .
T ota l 19 00 .
$252,631
1,234,050
1,285,104
20,000
Week.
Since Jan. 1.
13,175
132,540
100,204
7,580
19,366
1,000
$7,626,617
10.483,536
9.808,128
$19,366
48,811
162,306
$248,499
624,810
792,225
New York City Clearing House Banks.—Statement of
oomdition for the week ending March 8, based on average of
daily results. We omit two ciphers (00) in all cases.
BANKS.
Capital Surplus
Loans.
Specie.
8
9
9
$
2 , 000,0 2 , 202,6 19.740.0 3.408.0
Sank of N. Y „.
Manhattan Co— 2.050.0 2.103.4 20.994.0 8.542.0
2 , 000,0 1.191.8 14,424,3 2.963.4
Merchants’ .
BmgllsM F i n a n c ia l M arfeete—P e r C a b le .
2 , 000,0 2.410.9 14.974.0 2.627.0
Mechanics’ .
1.500.0 3.177.5 21.380.0 8.205.1
The daily closing quotations for securities, etc. , at Londor Am erica....
4.921.0
1,000,0
776.0
268.7
Phenix.......
are reported by cable as follows for the week ending Mar. 14, City.............. .. . . 10,000,0
7.163.6 123,644,3 29.688.0
24.740.8
300.0 7.113.9
5.197.6
Chemical.... . . . . .
774.0
5.209.6
600.0
253.1
Merchants’ E x ..
Mon. ■ lues.
Wed. Thurs. Fri.
lohbok.
Sat.
Gallatin...._____ 1,000,0 2.079.5 9.229.6 1.060.4
800,0
74,9 1.402.9
340.8
Sutch.A Drov’ s'
25116 i 25%
25%
25
Silver, p er o u n ce ....... d.
24%
180.4 2.931.0
359.0
400.0
Mech.A Traders'
93i51B 94 iie
94%
9 4 i16
943ie
C onsols., n ew , 2 % p .cts.
900,0
175.8
166.1
200.0
Greenwich.........
943j6
94% g 94%
94%
94%
F or a c c o u n t ......... .
501.9
4.668.4 1.111.5
600,0
Leather M’f’rs..
72,1
6.993.0 1.074.7
101*35 101*40 101*40 1 0 1 3 5 101*00 Seventh Nation’1 1.700.0
F r’ eh rentes {In Paris) fr.
American Bxeh. 5.000. 0 8.582.6 80.233.0 4.441.0
76%
76%
76%
Spanish 4 s . . . . . . . . . . . . . .
70%
76%
Commerce___. .. 10 000,0 7,221,8 76.492.0 8.735.7
6%
6%
A n acon d a M in in g ..___
. 6%
6%
6%
Broadway.......... 1 000 0 1.882.9 7.435.6 1.298.7
76%
77
77
77
Ateh, T op. & Santa Fe..
7 6 7e
Mercantile . . . . . . 1 000,0 1.377.6 15.588.8 2.762.8
98%
99
98%
P r e f e r r e d .............. .
99
981a
519.8
3.030.9
264.6
P acific.... . . . . . . . - 422,7
106% 107%
106%
Baltim ore & O M o ___ _
107ia 106%
989.8
758.9
6.128.4
450.0
Chatham. . . . . . . . .
96%
96%
96%
901a
P r e fe r r e d ... . . . . . . . . . . .
90-2
2.216.4
863,6
139.8
200.0
People’ s..............
115% 115%
115% 115% 110%
2.408.2
Canadian P a c lfle .......
17,400,6
2.080.7
North America.. 2,000,0
52.779.5 10.360.8
0
46%
47
46%
46%
Chesapeake «6 O h io ....
Hanover.— . — 3.000. 6.743.8
47%
4.404.0
489.6
098.8
500.0
24%
25
25
25
Irvin g...............
25
OMea. G reat W estern ..
5.971.1 1.041.0
606.1
1.560.0
Oltiaens’ .........
168
168
167
168
167%
C M c.M ll. & St. P a u l...
2.667.0
282,0
289.4
500.0
Nassau..........
.
45
45
Den. Ss B io G r., co m ....
44%
41%
44
900.0 1.028.8 0.498,2 1.198.1
Market A Fulton
93%
93%
93%
93%
93%
Do
do Preferred.
3.889.7
843.7
0244.0
Shoe <fc Leather. 1. 000 .
37%
37%
37%
Brie, c o m m o n . . . . . . . . . .
37%
36%
Corn Exchange.. 1.400.0 1.852.0 23.042.0 4.877.0
69% . 69%
68%
68%
68%
1st p r e fe rr e d . . . . . . . . .
1.997.0
415.4
800.0
206.7
Oriental__
56%
56%
55%
; [mp’t’rs’ A Trad. 1.500.0 8,181,2 24.132.0 4.165.0
2d p r e f e r r e d .,..,.....
55
56
142%
4,208,6
143
Illinois C en tra l. . . . . . . . .
54.384.0
143
14.854.0
143
143
2,000,0
P a rk ....___. . . . .
184.2
1.215.2
250.0
147.1
106% 106% 106%
L ou isville & Nashville..
106%
East R iver........
106%
Fourth............... 8, 000,0 3.623.5 24.008.8 4,461,4
29%
30
30%
M exican C e n t r a l.......
30%
30%
10.974.0
569.2
1
000,0
2.687.0
Central..............
20%
20%
20%
M exican N a t io n a l..,,..
20%
20%
300.0 1.116.0 9.297.0 1.627.0
Second..........
25
25^*4
Mo. K an. & T ex ., co m ..
25
25
24%
First.................... 10 000,0 11,635,0 84.194.1 18.984.8
55%
54%
P referred___. . . . . . . . . .
55
54%
54%
340.2
890.7
5.003.4
500.0
N.Y.NatTExeh,
165%
N. Y . Cent’ l & Hudson..
106%
166
166% 166
376.0
769.9 2.930.0
260.0
Soweiy.......... ...
N. Y . O ntario & W est’n
33%
33%
3v%
33%
33%
761.2
200,0
601.7
8.716.9
N. Y. County....
N orfolk & W e s te r n .....
88
58%
58
3.306.4
416.8
601.3
750.0
58
58%
German Am eri..
11,780,4
2.940.0
43.700.6
1,000,0
Do
do
pref.
93
93%
98
Chase..................
93%
93%
100.0 1.424.1 9.646.7 3.662.3
77%
77%
P en n sylva n ia.................
Fifth A ven u e...
77%
77%
77%
210.0
2.293.0
586.7
200,0
German Exoh—
*Phila. A R e a d . . . . . . . . .
27%
27%
27%
28%
28%
409.9
3.137.6
836.8
200,0
G erm ania........
41%
*Phila. & Bead, ,1st pref
41
41%
41 %
41%
603.4
800,0 1.124.8 11.704.6
L in coln ...........
*PMla. & B ead.,2d pref.
34
33%
33%
34%
84%
1.215.8
1.578.0
7.510.9
1
000,0
Garfield.......
.
.
.
.
05%
Southern P a cific.. . . . . . .
65%
05%
60%
65%
380 2 2.280.9
407.4
200,0
Fifth..................
South’n R ailw ay, co m ..
33
33
33
33%
33%
800,0 1,168 7 7.674.8 1.608.0
Sank of Metrop.
97%
P referred.....................
97%
482.0
97%
97%
98%
461.0
2.781.0
200,0
West Side..........
101%
Union Paoiflo............ .
101
Seaboard.,. . . . . . .
600,0 1,078,3 13,738.0 3,614,0
101%
101% 101%
42.309.6
10,847,3
2.766.6
89%
P referred .....................
2.100.0
Western..............
89
8 «%
89%
84
440.0
4.091.0
648.7
800,0
1st Nat., B’klyn.
44
U. S. Steel Corp., c o m ..
43%
43%
43%
43%
7.333.0 1.460.7
821.0
600,0
Uberiy..............
97
96%
Do
do
p r e f..
96%
90%
*90%
4.328.7
430.8
624.8
1,000,0
<f.
Y.
Prod.
E
x
..
24%
24
W abash........................... .
23%
23%
23%
7.684.7 1.783.7
686.9
260,0
New Amsterdam
43%
Do
p r e fe rr e d ._____
43%
43%
43
42%
777.0
4.143.0
458.8
Astor....
.
.
.
.
.
—
860,0
Do
Deb. “ B ” .........
75%
75
75
75
75
601.9
3.003.3
411.8
600.0
Tide A Leather
.,, .
,
,
,
* P rice ce r snare
1899
ratal
J j« s a is .
$
1.648.0
2.138.0
1.658.4
1,066,0
2.986.1
328.0
0,344,3
2.106.4
646.3
845.4
72,6
308.0
CteDevosit* serve
9
19.889.0
28.405.0
17.228.5
15.699.0
24.215.6
, 4,708.0
139,109,7
26.009.0
6.473.9
7.407.9
1.078.8
3.321.0
121.0
827,2
204.8
4.771.4
301,3
5,611,6
1.362.0 23.792.0
7.732.0 68,191,9
424,2
0.S58.9
1.762.4 11.069.4
8.529.0
396.9
779.6
6.173.4
401.1
2.580.8
1.327.0 10. 818.4
6.633.2 60.800.1
467.2
4.603.0
488.0
6.994.8
3.106.4
374.7
6.990.2
645.2
4.289.4
157.7
1.930.0 38 043.0
272*0
1.922.0
1.148.0 22.084.0
8.783.0 68.681.0
184.0
1.303.8
2.390.5 28,908,8
879.0 13.908.0
1.143.0 10.312.0
1.394,4 83.373.7
357.8
4.911.8
3.181.0
299.0
880.0
4.483.9
8.300.0
207.7
1.973.0 53.044.3
210.8 10.700.0
907.8
3.390.9
718.3
6.080.9
18,380.2
3,088.9
804.1
7.089.1
180.3
3.430.0
8.097.3
447.1
3.104.0
330.0
1.507.0 16.437.0
2.405.2 60.778.8
880.0
426.0
870.7
480.9
3 1 4 .0
108 0
P.C.
35-4
24*2
28-2
33-4
25-3
23*4
25*8
29*2
24*1
25*6
34*6
20*0
33*4
27*6
32*7
24*4
24*1
36*1
36*6
18*7
24*8
20*9
32*4
30*1
25*1
25*5
21*1
S6*S
28*8
24*2
24*9
38*9
37*1
27*0
35*8
25*6
25*1
34*7
25*4
*31*1
35*4
35*8
35*9
25A
34*1
33 1
38*9
34*4
34*8
38*0
S0*O
86*0
36*3
4 . 887.0 39*4
7, 890,8 *85*4
4.060.2
8. 811.5
4.076.0
3.890 8
34*5
34*3
34*8
86 6
88 O'ra.T 108803* 985,103 1 1845390 70,840 6 )0O\««0'! «» 3
THE CHRONICLE
March 15, 1902,j
UeportB of Non Member l*unkB.—The following 1h the
statement of condition of the non-member banke for the
week ending March 8, based on averages of the dally result.
W e om it two ciphers f 00) in all cases.
Leg. T. D eposit.w ith
Net
Sur Loans A
plus. Invest - Specie. A B k. Clear'g Other Deposit*
Notes. Agent. llks.Ac
ments.
C a p i
ta l.
BAN KS.
(OOi o m i t t e d .)
Yo r k C i t y
Borough of
M anhattan ,
n iw
C o lo n ia l..,.
C o l u m b i a ..............
E le v e n th W a r d .., ,
F o u r t e e n t h (S tre e t,
Q a n s e v o o r t . • ..
H a m i l t o n ..........
M o u n t M o r r i s ..........
M u t u a l . , , .........
N in e t e e n t h W a r d .,
P l a a a ...........................
R i v e r s i d e ..................
S t a t e ............................
T w e lfth W a r d .. . .
T w e n ty -th ir d W ’d
U n i o n S q u a r e .........
Y o r k v i l l e ...................
W a s h i n g t o n ............ .
F i d e l i t y ......................
V a r i o k .........................
J e f f e r s o n ...........
C e n t u r y ............
W a s h ’jr t o n H e i g h t s
U n ite d N a t io n a l...
8 0 0 ,0
100,0
100,0
200,0
200,0
2 5 0 .0
200.0
200,0
100,0
100,0
1 2 9 ,1
100,0
200,0
100,0
200,0
100,0
100,0
2 3 1 ,1
200,0
100,0
200,0
5 9 .8
5 5 .8
100,0
100,0
1000,0
B oro’h of Brooklyn.
B e d f o r d ........................
B r o a d w a y ...................
B r o o k l y n .....................
E ig h th W a r d . , , , , , ,
F ifth A v e n u e
K i n g s C o u n t y ..........
M a n u f a o t ’ r s ’ N a t ’ l.
M e c h a n i c s , ...............
M e r c h a n t s ’ ................
N a ss a u N a t io n a l,.
N a t i o n a l C i t y .........
N o r t h S i d e ..................
P e o p l e s ........................
S ev en teen th W a rd
S p ra g u e N a t io n a l..
T w e n ty -s ix th W ’ d .
U n i o n ............................
W a l l a b o u t .............
Other Cities.
1 s t N a t ., J e r . C i t y .
H u d . C o . N a t ., J .C ,
3 d N a t ., J e r . C i t y . .
8 d N a t ., J e r . C i t y . .
1 s t N a t ., H o b o k e n .
2 d N a t ., H o b o k e n ,
1 2 7 ,0
1 5 0 .0
100.0
8 0 0 ,0
100,0
100,0
3 3 .2
7 7 ,4
02.2
1 6 0 ,0
2 5 2 .0
5 0 0 .0
4 6 5 .7
3 5 0 .8
2 7 ,1
0 4 7 ,6
5 8 2 ,4
1 4 4 .8
100.0
3 0 0 .0
3 0 0 .0
100.0
100,0 120,1
100,0
200,0
100,0
100,0
100,0
Borough of
Richmond.
B a n k o f S ta te n I s l
1 s t N a t ., S t a t e n I s l
%
100,0 148
1 8 8 4 ,6
2 0 0 8 ,'
11 48,1
1102 6
1 8 0 9 ,8
1 8 1 2 ,8
2 2 5 9 ,8
1 8 1 1 ,9
1 0 0 4 ,2
2 4 3 8 ,0
1 1 1 2 ,4
4 5 1 8 ,0
1 4 8 0 .0
9 4 5 ,8
2 2 9 1 ,7
1 2 8 0 ,0
0 7 2 ,4
5 0 1 ,2
7 5 4 ,4
1 0 7 0 ,3
2 7 8 .2
8 3 8 ,0
1 0 7 0 ,7
S u
68»
144.
04.-1
6 0 ,0
8 ,0
9 7 .7
1 8 0 .6
2 8 .0
2 6 ,0
1 4 1 .0
1 8 ,7
8 2 1 ,0
2 0 ,0
4 6 .7
4 8 ,8
4 8 .8
1 2 .2
0 ,e
3 ,0
8 ,0
3 .0
1 1 ,8
1 0 1 ,1
1
1 4 7 ,7
9 4 ,0
5 8 .8
5 4 ,8
9 4 ,4
8 0 .7
9 8 ,6
1 4 3 ,8
1 3 9 .7
1 7 3 ,0
0 7 ,7
1 0 1 ,0
1 2 8 ,0
0 8 ,3
2 5 7 ,2
1 2 0 .6
4 3 .2
3 9 ,1
0 0 ,8
7 8 ,2
1 2 .0
1 2 ,1
1 1 1 .7
I
3 2 6 ,4
1 9 1 ,0
2 4 7 ,1
2 0 9 ,6
0 3 ,1
0 8 .1
2 8 9 ,2
2 3 5 .7
3 8 9 ,6
2 6 0 ,4
8 9 ,8
7 7 ,0
1 1 9 ,0
9 0 ,8
3 3 9 ,0
1 6 7 ,0
7 0 .7
0 8 .8
8 7 ,5
1 0 1 ,9
3 0 .0
5 8 ,7
3 8 ,4
1 1 0 9 ,3
1 0 7 7 ,7
1 0 0 5 ,9
3 3 5 ,9
6 4 0 ,5
6 0 3 ,8
2 5 4 7 ,8
3 3 5 9 ,0
0 5 1 ,2
3 5 0 8 ,0
2 7 4 2 ,0
8 5 8 .2
1 ,0 9 4 ,8
5 1 2 ,8
1 0 7 1 ,3
4 8 0 ,8
0 0 2 ,5
7 0 1 ,1
1 2 ,5
2 4 .4
8 4 ,5
1 3 ,1
3 3 ,8
8 1 ,8
4 3 2 .3
1 9 4 ,1
7 .7
1 8 9 ,0
1 4 2 .0
9 ,8
4 2 ,8
9 ,7
8 9 .7
1 5 ,8
2 0 ,9
3 0 ,4
8 0 ,2
1 1 2 ,0
4 0 ,5
2 5 ,5
2 5 ,1
2 3 ,7
1 0 9 .2
1 8 0 ,9
0 1 ,4
3 0 8 ,0
2 3 9 ,0
4 9 ,8
7 8 ,1
3 7 .4
e ,5
3 0 ,4
5 3 .8
2 4 ,0
1 0 4 ,5
1 9 9 ,3
2 1 9 ,1
4 3 ,9
6 0 ,1
0 8 ,5
5 4 3 ,8
2 7 9 ,7
1 0 3 ,0
4 0 3 ,0
5 2 2 ,0
5 3 ,7
5 3 ,0
7 3 ,2
1 2 1 ,7
1 0 1 .9
7 2 .0
0 3 ,0
2 5 0 .7
5 5 8 .5
7 1 0 ,5
1 7 .6
3 7 ,0
1 3 ,0
2 0 ,0
8 1 ,8
1 3 5 ,4
1 4 ,e
6 0 5 .0
7 2 2 ,7
4 7 8 4 ,0
2 2 8 1 ,9
1 1 4 7 ,4
1 1 3 8 ,3
2503 5
8 3 4 ,4
2 5 0 ,1
9 5 ,2
8 3 ,1
5 0 ,7
1 2 2 ,4
3 2 ,8
2 8 2 ,2 1 8 2 3 ,4 1 2 6 4 ,2
1 3 0 ,2
7 4 ,4
7 3 ,5
1 0 ,9 4 4 7 ,4
1 0 ,0
7 9 ,3 , 4 9 1 ,1
4 0 ,1
2 7 .7
1 2 9 ,3
9 3 ,4
2 4 ,0
4 9 ,5
1 0 ,0
7 2 5 0 ,0
1 9 0 7 ,0
1 2 2 6 ,1
1 3 0 0 ,1
2 3 4 7 ,9
8 5 9 ,0
2 5 ,0
100,0
4 0 0 .0
2 5 0 .0
2 5 0 .0
200.0
110,0 4 8 2 ,7
1 2 5 ,0
1
8 ,0
2 5 ,0
2 8 ,1
7 5 ,0
5 2 ,7
8 8 4 ,7
6,1
2 5 7 ,6
4 8 ,7
5 ,6
2 0 ,2
4
8
....
5 ,0
1 .0
2 1 ,6
1 0 0 ,0
2 0 ,0
2 9 ,0
1 1 2 ,0
9 2 .5
6 1 ,7
1 0 ,6
1 4 ,2
2 1
1 8 .3
3 7 ,1
I
2 1 0 0 .0
2 7 4 7 .0
1 4 1 7 .6
1 8 7 0 ,6
1428 8
1 8 0 7 ,8
2 8 6 0 ,0
1 0 4 8 ,0
1 9 0 9 ,0
2 8 8 6 ,0
1172 0
5 0 8 4 ,0
1 7 2 4 ,0
1 1 2 9 .4
2 8 2 0 ,1
1 8 6 2 ,0
0 8 5 ,2
4 7 6 .2
7 0 8 ,0
1 0 4 1 ,9
1 7 8 .8
2 1 0 ,0
8 7 0 ,4
1 4 5 7 ,0
1 8 4 0 ,2
1 1 5 8 ,8
3 1 9 ,0
0 0 5 ,7
0 8 5 .2
3 3 0 2 ,6
4109 7
7 3 1 .3
3 9 1 0 ,0
3 2 3 3 ,0
8 3 2 .8
1 1 7 5 ,2
4 5 1 ,1
8 3 3 ,0
5 3 5 ,9
0 9 5 ,7
7 0 1 ,0
T o ta ls M a r .
8 . . 8 9 6 2 .0 9 4 6 3 .9 7 2 2 3 5 ,5 3 4 9 1 ,8 4 4 0 2 ,9 1 0 1 3 9 , 3 1 4 8 ,7 8 0 0 1 2 ,8
T o ta ls M a r.
1 . . 8 9 6 2 .0 9 4 0 3 .9 7 2 1 2 0 ,9 3 4 7 5 ,0 4 5 4 5 ,7 9 1 3 9 ,6 2 8 2 8 ,7 7 9 2 8 9 ,2
T o t a l s F e b . 2 1 . . 8 0 6 2 .0 9 4 6 3 .9 7 2 3 2 2 ,0 3 3 6 4 ,4 4 5 3 0 ,2 8 9 5 0 ,9 2 7 0 2 ,8 7 8 7 3 7 ,3
661
The exports from cbe several seaboard ports for the week
ending Mar. 8, 1902, are shown In the annexed statement:
W heal
Seaports fr o m — bush
ew Y o r k ------
248,925
l o s t o n ...............
804.616
P ortla n d , M e .
H7 948
-h lia d e lp h la ..
04.000
la lt lm o r e .......
10.265
*<aw O rle a n s .. 135,088
N e w o 'rt N ew t
81.000
talvettoo........
72,00o
Corn.
bush.
F lo u t ,
bbls.
O a ti,
28.411
46.037
8.403
18.488
87,180
49.878
8,704
34.080
3.194
125
19,004
16.036
1.200
120
........
000
. . . . ...
..............
215,777
288.036
17,555
897,034
120,099
81.133
17.142
Charleston.......... .
1 1
. J o n a .N .B .
140,000
..............
242,086
T o ta l w e e k . .1.157.384
Sam e t i m e ’01. 2,837 881 3,784,800
bush.
R ye.
bush.
Ferns.
bush
48,172
11,844
7,770
8,007
Barley
bush.
,.......
8.073
16,074
..............
8,501
60,022
44,235
2 4.472
0,0 89
3,073
66.505
The destination of these exports for the week and slnoe
July 1, 1901, is as below:
E xports fo r
week and since
July 1 to—
- Flour.W eek
Since July
Mar. 8
1 ,1 9 0 1 .
bbls.
bbls.
,---------- W hea t. -----------v
Week Since July
M ar. 8 . 1, 1901.
bush.
bush.
Jnited Kingdom 109,341 0,940,015
J o n tt n e n t.............
1. A 0 . A m e r l o a .
V e s t I n d i e s ........
1 r. N . A m . C o l o ’ s
ttaer c o u n t r i e s
r
............. .
T o t a l 1901-02.,
17,030
2,108
21 ,1 4 0
90 3
1,268
921,205
218,100
1,030,036
044,184
79 6,00 0
99.071
213,889
------------C o r n ,---------- ^
•
W eek Since J u fy
Mar. 8 1, 1901.
bush.
bush.
48,305,282
182,285 11,182.120
90.142 9,6 67,1 40
08
530,005
19,047
708,969
211,016
548
194,118
61.614.V502
54,060
50
17,909
215.777 10,033,404
288 086 11.107,143
257,922
1,157,884 101 231,612
242,085 22.475,024
2,837,881 92 .784.008 8,7 34.8 00 112,824.222
The visible supply of grain, comprising the stocks In
granary at the principal points of accnmnlation at lake and
seaboard ports, Mar. 8, 1902, was as follows:
Wrteae,
C orn,
m store a t—
bush .
bush.
<ew Y o r k .....................
2.947,000
802,000
Do
a flo a t ... ...
. ......
i o s t o n ........................... 1,2 71,00C
387.000
P h ila d e lp h ia ..................
466,000
69.000
24 3.00 0
l a l t l m o r e ......................
451.000
* e w O r l e a n s . . . ................................. 814,000188.000
l a l v e s t o n ...............
86,000
M on trea l
11.000
00,000
T o r o n t o ..
844.006
B u f f a l o ...
301,000
84.000
a f lo a t ., . . . .
DO
83,OJO
87 4.00 0
■oledo
DO
a f l o a t ............
115.000
• e t r o i t ..
a f l o a t ..........
Do
4,480*
J0(i
sm ica g o..
417.000
a f l o a t . . *. •.
Do
030.001
M ilw a u k e e .
20 3.00 0
Do
a f l o a t .................................
....
*
f t , W ilT m A F t . A r t h u r 4,708,000
127,000
D u lu t h ............................ .12,975.000
611,000
Do
a f lo a t ......
102.000
M in n e a p o lis ,................,16 ,502 .ou i‘
808,000
3t L o u i s ...........................
1,131,000
... ...
Bo
a f l o a t .......... .
90 3,00 0
K an sas C i t y . ................ 1,699,000
204,000
423,000
P e o r i a . . . ..................... ..
212.000
I n d ia n a p o lis .................
100,000
•n M is s is s ip p i R i v e r
)n L a k e n ........................
46,000
3,000
can al and r iv e r ..
8 ,1 9 0 2 .. 63.155,000
1. 1902
54.093 »O0
T o ta l M ar.
M ar
10,085.000
10.333 C00
R ye,
bu sh .
O a ts,
bush.
602.000
12,000
65,000
2 2 5.00 0
1 7 1.00 0
25 ,090
21 7.00 0
16,000
83 2.000
22,000
550,000
163.000
B arley
hush.
149.000
188.000
2.0 00
48,000
*******
6 9 .000
4 5 .0 0 0
500,000
2,000
22,000
80 030
421.000
40,030
86L.OOO
973.000
77.000
34 .000
172,000
457,00 0
314,000
170.000
258.000
4 4 .0 0 0
90 .000
71.000
44.000
156,666
1 6 7 ,0 0 0
50,000
*54,000
2.0 0 0
•
M•••t
28,000
109.000
176.000
73,000
112,000
87 ,000
50,000
4.0 14.0 00
4.2 40.0 00
2,121,000
2,193.000
1,885,000
2.0 38 u oo
Anction Sales—By Messrs. Adrian H. Muller & Son :
Breadstuffs Figures Brought from Page 589,—The
Stocks
Stocks.
statements below are prepared by us from figures collected
1 Mem’ ship N. Y. Produce
16 Birming’m Realty Co.,pf. 58%
Exch. (all dues paid).$425
50 Trust Co. of America . ..2693d
by the New York Produce Exchange. The receipts at 31 Tradesmen’s
Nat. Bank
10 Bond & Mtge. Guar. Co.465
(20% pd. in liquidat’n). 3
7 M arkets Fulton Nat Bk.265
Western lake and river ports for the week ending Mar, 8f
Collap.Tube&M.etalCo,$50 lot
20 N. Y. Security & Tr. Co. 1350
and since Aug. 1, for each of the last three years have been; 100
17 Central Realty Bond &
a u tip ts a t —
W heat.
F le u r .
Corn .
Barley.
O a t i.
Sff
Bbls.lQfUbs Bush.QOlbs Bush.BQlbs Bush.SZlbs B u sh M lbs B * .5 0 r
310,025
229,600
760,235
890,520
47,000
42,182
34,191
72 9,15 9
134,900
879,000
97,500
50,240
89,741
97,220
48 ,000
83,988
102,007
184,561
44,800
270,825
107,200
384 000
301,600
55,770
43,858
401,00 5
95 ,050
134,000
2,676,267
4,017,704
8,920,223
2,163,120
5,031,968
4,939,393
8,637.940
3,001,658
182.384
40,025
C h i c a g o ..........
M ilw a u k e e ..
D u lu t h . . . . . .
27,000
M in n e a p o lis .
T o l e d o ............
D e t r o i t ..........
5,400
10,929
43,495
25,650
C le v e la n d . ..
S t. L o u i s . . . .
P e o r i a ............
C e n t a l C it y .
T o t.w k .1 9 0 2
S a m e w k .’O l.
g a m e w k .’ OO.
Bines Aug. 1 .
1 W 1 -0 2 ............
1900*01..........
1 8 9 9 -0 0 ...
334,883
850,401
543,777
179,525
84,550
7,892
89,940
0,268
3,200
..........
1,852,009
18,410,679 184,108,469 87,405,001 93 ,707,022
12,229,389 105,851,407 144.053,728 112.057,113
12,714,458 153,733.400 140.175 851 109,780 094
15,300
7,2 JO
40,500
28,000
750
2,100
380,407
440,465
920,478
84,818
108,949
94 ,940
Trust Co................543-546
B on d s.
5 Central Trust Co............192643 $45,000 Seneca Lake Salt Co.
45 American Surety C o___170*2
1st 6 s, 1931, M&S............$4,000
55 Geo. A. Fuller Co., pref.. 92
$5,000 American Ho me Tele
5 Western National Bank.624
phone Co. Coll.Tr 4s#1921. 92
20 Mechanics’ Bk. of Bkln..219*2 $10,000 Omaha Water Co.
50 Econ.Sew. Maeh.Co.$5 per.sh.
Consol. 5s, 1940.................. 851*
5 Franklin Nat. Bank (hy
$1,000 American Valley Co
pothecated)................. lo
5s, 1911, M&S.................... 89**
50 Manhattan Trust Co ...520
$1,000 Nor*west. Gr’ d'
10 U, S. Mtge. <fe Trust C o..469
Tr. Ry. Co. (in Mich.)
5 German American Bk,..177
6 s, 1910, J&J.
12 Mount Morris Bank....... 200
8 Chic. & Grand Trunk $1,090 lot
3,831 Montclair & Bloomfield
Ry. Co.
Teleph.Co..$10 each.$1751ot $22 20 Chic. & Gr. Tr.
10 Mfrs,’ Nat. Bk. of Bklyn.300
Ry. Co. stock scrip..,
By Messrs. Richard V . Harnett & Co.:
B on d s.
$43,000 Water & Light Co. of Nebraska City, Neb., 1st 6 s, 1922,
reduced to 3s.................................................................................... 20
35.708,149 4,3 08,8 08
35,000,025 8,717,001
33.751,200 4.592,048
Hauhiitfl and f fitretucial.
Spencer Trask & Co.,
The receipts of flour and grain at the seaboard ports for
the week ended Mar, 8, 1902, follow:
Rsssipt$ » t -
*ew York..... .
M o n t r e a l .,
R l e h m o n d .........
O r le a n s * ..
Charleston......
Salveiton ....
T o ta l
w eek.
Flour.
bbls.
08,C83
16,720
8,824
49,174
71,614
2,512
10,850
125
34,030
•. 13,433
10,604
288,029
414.600
Corn,
bush.
O ats ,
bush.
161,050
144,853
88,135
43,018
89,624
10,782
93,000
90,000
7,662
2,230
35,622
110,622
70,160
42.000
21 9,03 0
80,013
10,000
24 ,590
38 ,3 1 3
20.832
12.036
24,000
8,500
87,943
149,000
17,142
845,904
1,832.010
887,144
3.315,872
W heat,
bush .
B a r le y
bush.
R ye
bush
172,812
8,4 00
300
12,800
4,602
740
20 .9 3 9
IN V E S T M E N T
... 7,776
............
120
411,003
1,114,831
189,674
71,780
1902,
8,682,988
1 9 0 ).
8,828,819
1900.
8,008,960
1899.
4,300,070
W h e a t . . . ................. .
C o r a ............................
O a t s .............................
H a r l e y .......................
R y e ..............................
12,038,788
4,208.000
7,048.015
070,095
200,716
19,842,970
41,921,048
12,826,515
1,208,538
487,603
11.049,476
83.478.877
11,028,714
2.526,907
383,082
24,192,133
34 .303.803
10,077,211
955.084
1,8 00,5 60
*6.000,112
75,370.230
M
68.410,116
72 ,114 ,781
S E C U R IT IE S Office. 5 State St„ Albany
A l e x a n d e r M . W h it e
o f f a t
&
W
h i t e
J r.
,
BANKERS,
Members New York Stock Exchange,
N e w O r le a n s f o r fo r e ig n
Receipts o f —
F l o o r - .........................
NEW TORE
y. Stock Exchange.__________ Branch
G eorge Barclay M offat.
33,156
72 .042
Total receipts at ports from Jan. 1 to Mar. 8 oompare as
follows for four years:
T o ta l g r a in ....
-
Transact a general banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
Members N.
• R e c e ip t s d o n o t in c lu d e g r a in p a t t in g t h r o u g h
p o r ts o n th r o u g h b ill* o f la d in g .
«
BANKERS,
2 7 & 2 9 P I N E S T .I L E T ,
N o. 1 N ASSAU S T R E E T ,
___________ I N V E S T M E N T
-
NEW YO R K .
S E C U R I T I E S . ____________
Tracy & Co., Bankers,
N o. 4 0 W a l l S t r e e t . N E W Y O R K .
CHICAGO.
Connected by private wire.
D e a le r s
In
H ig h
G ra d e
MILWAUKHH.
B on d s.
L ist of Current Investm ent O ferings sent on Application.
i# am Ha n
New
Y o r k 8took Exchange.
Mempers ){ C
hl0IM
<0 ytock Bxchange
C
o m m=_____________»r*
l anion O r d e
______
E x e c u t e d In n il M a r k e t * ,
THE CHRONICLE
562
ffo ix t ije r s *
ter When
Cent Payable
Books Closed.
(Days Inclusive.j
lia llr « u ils (S te a m ).
to
Mar 10
a tianUo Coast L ine Co. (G en a.),.
2% Mur 10 M ar 2
3 A pr 231 H olders oi roc. M ar 25
Chiu. M ilw aukee & St. Paul, ooui
do
do
do
pref
3% Apr 23 Holdera oi reo, M ar 25
to
A p r 16
1 Mar 29
Ohio. Booh 1aland &
(quar, >.
l k May
to
Mar 25
11Mar 16
1 A pr
Manhattan (q u a r.)...........................
to
1 Mar 20
M ar 31
r A pr
M obile <fc O h io ......................... . .
2 Mar 8 i H olders of rec. Mar 15
N. Y. N. H. <Sb H artford (q u a r.)____
1 |H olders of roe. Mar 15
Pitta. Bessem er A Lake Erie, com . .
i k A pr
Map 24
M ar 26 M ar 16
to
Pitta. Y oungs. St A etna., com aud pref
to
M ar 16
l k Mar 15 Mar 9
Portland A Hum foni Palls (quad1, ) .......
to
A pr 7
Southern, p re f..... .................................
2 k A p r 15 M ar 26
|
s t r e e t R a ilw a y s .
Miir 31
1 M ar 16
to
1 A pr
Capital T raction, Wash,, D. G. (quar.)-.
Easton ( t'a.) G'ousol. E lectric................ 45o. M ar 19
to
A pr 1
1 A pr
1 Mar 19
d in te d Trao. & Elec., Prov, (q u ar.)___
to
1 Mar 21
M ar 31
Wash. W ater Pow , Bpok’ ne, waaii.(qu,)
i f f Apr
1 M ar 19
to
Apr 1
3 k A pr
W est End st. By,, Boston, coin.
T ru s t Ctrnipantes.
3 Mar 31 H olders o f roe. Mar 29
F ilth A ven u e (q u a r .)...................
4 M ar 31 . . . . . . . . . . .
G uaranty (q u a r .)..... .....................
- ....... .
M is c e lla n e o u s .
to
8 A pr
T M ar 18
M ar 31
A m er, A grieu l. Cfiern,, p re i.........
A m erican Caramel, com. (quar.)
l k Mar
1| .~ ...........
1 M ar 12
to
Mar 31
2 A pr
do
do
pref. (quar.)
llH old ers of reo. Mar 25
Amer. Iron & Steel M fg., pref. (quar.)
I T Apr
1 A pr 15 H olders of reo. A pr 10
A m erican T y pe Pounders (quar.)
A m erican W in dow Glass, com. (quar.) l k A p r 15'1-loldera o f reo. A p r 1
to
A p r 15
Colorado F uel & Iron, com . (q u a r .)___
1*4 A pr 15 Mar 26
M ar 29
to
C rucible Steel, pref. (q u a r .)...................
l a4 Mar 29 M ar 17
2 A p r 16 Holders o f reo. M ar 22
G eneral E lectric, com. (q nar.)............
to
Apr 1
1 Mar 21
International Steam Pump, com. (qu.) 1 A p r
to
Apr 1
3 Apr
1 Mar 21
Journeay & B urnham ....... ......................
to
M ar 31
1 M ar 23
P. Lorlllard, pref. (q uar.)....... ................ 2 A p r
to
M ar 81
M ergenthaler Linotype (quar.).............. 2 k M ar 31 M ar 16
21M ar 19
to
Apr 2
National Sugar Refining, pref. (quar.) l k A p r
M ar 16
to
N. Y . & East B iv er Perry (q u a r.).........
I k M ar 16 M ar 2
to
Otis E levator, pref. (q u a r.)....................
A p r 15
l k A p r 15 M ar 27
ix 2 M ar 15
By. Equipm ent Corporation (m th ly .)..
R oyal B akin g P ow der, pref. (q u a r.)___
l k Mar 31 H olders of reo. M ar 15
Mur 31
Safety Oar Heat. <fe L igh tin g (q u a r .)... 2 A p r
1 M ar 16 . to
to
Apr l
1 Mar 23
Sloss-Sheffield Steel & Iron, pref. (qu.) l k A pr
l k Mar 31 M ar 16
to
M ar 31
S w ift <fe Co. (q u ar.)....................................
M ar 31
to
1 M ar 23
Tefft, W eller, pref. (q u a r.)......................
l k Apr
to
Apr 8
1 M!ar 16
U nion B ag & Paper, pref. (q u a r.).........
Lk A pr
to
Apr 1
1 M ar 21
U nion Ferry (q u a r.)..................................
k A pr
1 i
U nion S w itch <fe Signal, com. (q u ar.)..
2 I
do
do
do
pref. (quar.)..
U nited F ru it (q u ar.)................................
1 k 1A p r 14 H olders o f reo. M ar 31
U n ited Gas Im p rovem en t (q u ar.)......... 2 A p r 15 H olders o f rec. M ar 31
to
M ar 31
2 A p r 15 Mar 23
U nited Shoe M achinery, com. (q u ar.)..
to
Max 31
l k A pr 15 Mar 23
do
do
do
pref. (q u a r .).to
1 Apr
A pr 1
U. S. Reduo. & R efining, com. (quar.).
1 M ar 21
Apr 1
to
do
do
do
pref. (q u ar.)..
1 M ar 21
l k Apr
M
ar 31
15
M
ar
21
to
A
pr
W estern U nion T elegraph (q u ar.).......
lk
A p r 10
to
2 k A p r 10 A pr 1
W estin gh ou se A ir Brake (q uar.)..........
A
p
r 10
3
k
A
p
r
10
A
pr
1
to
do
do
do
(ex tra ).............
to
A p r 10
l k A p r 10 A p r 1
W estin gh ou se M achine (q uar.)............
W A L L S T R E E T , F R I D A Y , M A R . 1 4 , 1 9 0 3 . - 5 P. £».
T h e M on ey M a rk e t and F in a n c ia l S itu a tio n .— Loss o f
reserve b y the lo c a l banks, the prospect o f con tin u ed gold
exports, an d h igh er in terest rates, seem ed to have little or no
im m ediate e ffe ct upon the secu rity m arkets. T hey opened
on M onday w i ll a b u oy a n t te n d e n cy , sim ilar to th a t w h ich
ch aracterized th em at "the close last w eek , and prices w ere
gen era lly a d v a n cin g w h en n ew s o f the B ritish disaster in
South A fr ic a and its e ffect on the L on d on m arket w as an
n oun ced. Im m ed iately the te n d e n cy w as reversed and a
sharp d eclin e fo llo w e d , fro m w h ich , h ow ev er, a re co v e ry has
been gen eral, an d in m an y cases substantial.
This recov ery and a m ore h op efu l fe e lin g have been stim u
lated du rin g th e la tter part o f the w eek b y reports o f rain
in th e w in ter-w h ea t belt, b y w a n in g prospects o f labor
troubles in the coa l regions, b y fa vora b le ra ilw a y traffic
retu rn s and b y th e gen eral in du strial situation.
The m on ey m ark et is firm er on th e late gold exports, loss
o f fu n d s to th e Sub-Treasury and tran sfers to San F rancisco.
The open m arket rates fo r ca ll loans on the S tock E xch an ge
d u rin g th e w eek on sto ck and b on d collaterals have ranged
from 3 to 4% per cen t. T o-d ay’s rates on call 3% to 4% Per
cen t. P rim e com m e rcia l paper q u oted at 4{tt 5 per cen t.
The B ank o f E ngland w e e k ly statem ent on T hu rsday
sh ow ed an increase in bullion o f £388,094, and th e p ercen t
age o f reserve to liabilities w as 46-30, against 45-4S last
w eek ; the d iscou n t rate rem ains u n ch a n g ed at 8 per cent.
The B ank o f F rance show s an increase o f 17,025,000 fra n cs
in gold and a decrease o f 3,000,000 fra n cs in silver.
The N ew Y o rk C ity C learing-H ouse banks in th eir state
m ent o f March 8 show ed a decrease in th e reserve held o f
$8,973,900 and a surplus over th e requ ired reserve o f
9^8.425, against $9,975,925 the previous w eek.
1902
March 8
Differences
from
previous week
1901
March 9
$
$
3,089,100
127,000
11,821,600
7,904,000
1,068,900
$
75,022,700
93,053,500
918,789,600
31,469,000
1,011,928,500
191,134,100
72,665,300
$
68,422,700
83.342.900
763,203,100
18.931.900
829,425,700
152,729,600
60,303.200
R eserve field.........
Legal re s e r v e .___
255.375.100 Deo 8,972,900
251,416,675 D ec 2,955,400
263,699,400
252,982,125
213,032,800
207,366,425
Surplus reserve
3,958,425 Deo 6,017,500
10,717,275
6,676,375
C a p ita l...................
83,622,700
S u r p lu s ................
103,302,500
Loans & discounts 935.102.100 D eo
C irculation............
31,336,800 I n c
N et d e p o sits......... 1,005,666,700 D ec
S p e cie ................ .
184 529,500 Deo
Legal tenders.......
70,845,600 Dec
LXXIV.
cables, 4 87% @ 4 88; prim e com m e rcia l, six ty days, 4 84% @
4 84% ; d ocu m en ta ry com m ercia l, six ty days, 4 83% @ 4 85;
grain for paym en t, 4 84% @ 4 85; c o tto n for p aym en t,
4 88% @ 4 84; co tto n fo r a cce p ta n ce , 4 84% @ 4 84%.
(S a m ite *
IS N 1> S
Name of Company.
[V o l,
1900
March 10
R ote .—R eturns o f separate banks appear on page 660.
Foreign Exchange.— The m arket fo r fo re ig n e x ch a n g e has
been easier on a firm er m on ey m arket, bu t even at low er
rates th e volu m e o f business was lim ited .
T o-d a y ’s actu al rates o f exch a n ge w ere as fo llo w s : B ank ers’
six ty days’ sterlin g, 4 84% @ 4 8 5 ; dem and, 4 87% @ 4 87%;
March 14
Prime bankers’ sterlin g bills on L ondon.
Prime com m ercial..........................................
Docum entary com m ercial.............. . . ..........
Parle bankers’ (F ra n cs)......... .....................
Amsterdam (guilders) bankers...................
Frankfort or Brem en (reiobm ’ ks) bankers
Demand
(Sixty Days
4
4
4
6
88k 0 4
84k 0 4
83k 0 4
18 k -05
3 9 ik « @
9 4 i»i6®
4 88
®4 88k
86
84%
86
17 k * 5 16% ®6 16%*
40% CD 4 0 s x«
40
95
06k ® 966i«
* i.OBB ll4.
The fo llo w in g w ere the rates o f d om estic ex ch a n g e on
New Y o rk at th e u n d er-m en tion ed oities to-d a y : S avann ah ,
b u 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 1-16 p r e m iu m ; N ew Orleans,
bank, $1 00 prem iu m ; com m ercia l, par; C hicago, 5c. p re
m ium ; 8t. L ouis, par; San F ran cisco, 5o. per $100 prem ium .
United States Bonds.— Sales o f G overn m en t bonds at the
Board include $4,000 8s, co u p ., at 109% to 110; $1,500 4s,
cou p ., 1907 at 118; $7,000 4s, re g ., 1907, at 111%, and $11,000
5s, reg., at 106%. The fo llo w in g are the daily closin g q u o
tations : fo r y e a r l y ran ge see th ird paae follow ina.
Interest Mar.
Periods
8
2s, 1 9 3 0 ....___ registered
2s, 1980................. coupon
2s, 1930 .sm aL reglstered
2s, 1930 .small___ooupon
8si 1918............ registered
8s, 1918................. oonpon
3s, 1918, sm all.registered
3a, 1918, sm all___ oonpon
4s, 1907............ registered
4s, 1907................. oonpon
4s, 1926............ registered
4s, 1925................. coupon
6s, 1904............ registered
6s. 1904................. coupon
*Tfiis is tb e p rice bid at
Mar.
10
Q —J ftn *109
*109
Q —Jan *1 0 9 k *10 9k
.............. ......... ____
_____ __ __
Q —Feb *109k *109k
Q —Feb *1 0 9 k *10 9k
Q —Feb ......... _____
Q - F e b *109k *109k
Q —Jan * l l l k * l l l k
Q —Jan *1 1 2 k *11 2k
Q —Feb *13 9k *13 9k
Q —Feb *139% *139%
Q - F e b *10 0k *106k
Q —Feb *10 6k *10 6k
the m orn ing board; no
Mar.
11
Mar.
13
Mar.
13
*109
*109
*109
*109k *109k *1 0 9 k
_____ . . . __
____
*109 k *109% *109%
*109k *109% *109%
.........
*109k *109 k *109%
11 1 k *111 k ‘ 1 1 1 k
*11 2k *112 k *1 1 2 k
*139k *139% *139%
*189% *139% *139%
10 6 k *106k: *1 0 6 k
*1 0 6 k *106k *10 6k
sale was made.
Mar
14
*109
*1 0 9 k
. . . __
__
*109k
110
*109%
* lllk
118
*139%
*139%
*1 0 6 k
*106k
State and Railroad Bonds.—Sales o f State bon ds at the
Board lim ited to $19,000 Y a . fu n d, debt 2-3s at 97% to 97%.
The ra ilw a y b on d m arket has been som ew h at m ore a ctiv e
than last w eek , daily transactions a v e ra g in g ov e r $3,000,000 par value.
F o r d a ily volu m e o f business see pa ge 569.
Railroad and Miscellaneous Stocks.—U n der various c o n
flictin g influences, as n oted above, the stock m ark et has
been unsteady and irregular. M on d a y’s d eclin e has been
follow ed b y a p artial recov ery , especially n oticeable in the
railw ay issues, su ch w eakness as subsequently developed
h a v in g been ch iefly con spicu ou s in the m iscellaneous list.
S om e o f the specialties con tin u ed to be leaders o f the u p
ward m o v em en t, in clu d in g W iscon sin Central, C h icago
T erm in al Transfer, C olorado & Sou th ern. St. Louis S outh
w estern and M ex ica n C entral, co n ce rn in g all w h ich th ere
are rum ors o f p en din g fa vora b le developm ents.
The coa l
stocks w ere stron g on d im in ish in g possibilities o f labor
trouble.
St. Paul has been a stron g feature and B ock
Island sold over 3 p oin ts above its previous highest record
fo r the year.
N orth A m e rica n has been the con spicu ou s feature o f the
m iscellaneous list. It was steadily in dem an d and ad van ced
d ay b y day fro m 93 last w eek to 106%, closin g at 104%.
G eneral E le ctric lost over 3 points d u rin g the d ow n w ard
m ov em en t on M onday, bu t has subsequently recovered ,
clo sin g w ith a net g a in o f 4 % points. W estin gh ou se m ade
a sensational a d va n ce to-day from 183% to 199%. d eclin in g
b e fo re th e close to 192%. C otton Oil and Grass T w ine have
advanced abou t 4 points, w h ile A m algam ated Copper, Sugar
R efining and the Ice T rust issues have been d ecid ed ly w eak.
Oratside M a rk e t.— D ealings on the cu rb have been small
in volu m e and irregu lar as to prices u n til to-day, w h en tra d
in g b eca m e liv elier and prices took an u pw ard d irection .
The strength o f A m erican Can stock w as esp ecially n o tic e
able. On rum ors th at the com p a n y w ou ld be absorbed b y
th e U . 8. Steel Corporation on a basis o f 18 fo r com m on and
05 fo r p referred, the stocks o f th e Can C om pany advanced
to 16% and 60%, resp ectively, again st 15% and 57% last
Friday. C onsolidated R y . L ig h tin g & R efrigeratin g Co. stock
has also gain ed stren gth ; on a statem ent th at orders had
been receiv ed fo r th e equipm ent o f 115 cars for the A tch ison
R y ., R efrigera tin g stock m oved from 5% to 8 and closes at 7.
N orth ern S ecurities stock on T uesday, w h en the su it to test
the leg a lity o f th e corporation w as filed at St. Paul,
dropped to 101%. It sold up to 103 to-day, closin g at
102%. In tern ational Salt con tin u ed to sell d ow n w ard,
goin g to 18% on Tuesday. Corn P roducts stock s dropped to
83%, against 35 a w eek ago, fo r com m on and to 85%
fo r preferred, com pared w ith 86%. U n ited ' R ailw ays o f
San F ra n cisco closed at .33% fo r com m on , 61% fo r preiw
’ t>'q .«
ferred and 160 fo r su bscription receipts, com pared w ith re
64 and 108 last w eek. The ne w bonds w ere quoted at 87@38.
D om in ion Securities fe ll o ff to 107% on W edn esday, but re
covered and close the w eek at 109%.
Standard Retain
M otor rose fro m 29% and 62% to 88% and 68% for the com
m on and preferred, " N ew issues dealt in w ere the Pennsv 1van ia 3% s (w h en issued) at 105%@106%, and the “ rig h ts "a t
1% to T%. The con tem p lated 5 p. c. bonds o f the V . S,
Steel Corporation w ere quoted, “ when issu ed ." at OSqflOO
bid. C opper stock s h ave been w eak, and nearly all close at
lo w e r figures than last Friday, Outside qu otations on p. 569.
New York Stock Exchange-Stock Eecord, Daily, Weekly and Yearly
OCCUPYING
S T O C K S - - H 1 G H K S T A N D L O WICST S A L K P R I C K S
S a tu r d a y
M a rch a
ju unu*uy
M a r c h 10
T u esd a y
M a r c h 11
W ed n esd a y
M a rch 12
'J'hursdftii
M a r c h IS
K 'rtday
M a r c h 14
TW O
PAUEH
STOCKS
N EW YORK STOCK
JCX0 i 1A NG K
J ia n ye f o r Y e a r 1 9 0 2
R a n y e /or J*reviou$
S a tes of
On b a s is o f 10 O -sh a re tots
Y e a r (1 0 0 J)
th e
rl' CdCt
S h a res
L ow est
11 tffhest
L ow est
H ig h e s t
KiiilroadH.
42
42
*41% 43
42
43
*42
43
4 nn A rbor......................
*42
44
$41 Ha 41H
*67% 69
09
68
6 8 % *68
*ii8
6 8 % *68
08%
68% 68%
Do prof.......................
74% 75%
74% 75%
74% 75%
75
75% Atch. Topeka
Bantu Fc.
7.**
75 Ha i 4% 75lj
90% 96%
96% 96%
90
9 0 11 90%
96%
95% 96%
90% 1
1 0 1 % 106 H 104 1U5 K\ 103%104% 104% 104% 101% 105 % 104% 105
I >altimoro A O h io..........
*94
94% -94
94%
*94
94% *94
94
94
94%
94% 91% i > Do prof.......................
63% 65%
03 % 64
62% 63%
63% 64
65
60 Brooklyn Rapid Transit..
04
64%
113 113 M i l 120 *111 120 *111 120 *111 120 Bn Halo Koch. & Pittsb’ g.
*118 llli
Do prof
*140 144 *140 L4 i *140 144 *140 145 *140 144 *140 145
*140 100 *140 100 *140 160 *140 160 *140 100 *140 100 Burl. Collar ltaplds&Nor.
113 1133a 112 % 113% 112% 113% 112% 113% 113% 11 3% 113% 114% / Canadian Pact lie...........
88
87% 8 8 % *87% 8 8 % Vyanada Southern...........
* 87
88
87% 87 % 87% 87% *87
............... *188 192 *189 191 *185 192 Central of New Jersey...
•188 195 *189 192
45 % 45%
45% 45%
45% 45%
45 H 40
$45% J5%
45% 45% Chesapeake <V; Ohio..........
35% 35%
35% 36%
36
36%
35% 36 Chicago <fc A lton...............
35% 36%
35 Ha 36
75
75
75
75
75%
75% 75%
*75% 76
75
*74% 75%
Do prof.......................
159 159
161 161 Chicago& Kast’n Illinois
158 160% 158% 158% *156% 158% 158% 160
* ........ 150
*........ 150
A........ 150
- ........ 150
24% *24% 23% 24%
23% 24%
24% 25
24% 24%
24
24% Chicago Great W estern..
*00
93
93
92% 92%
91% 91% *91
*91
...... ......
92
Do 4 p. c. debentures
89
89
$83
88
88
88
87% 87%
88
88%
88
88
Do 5 p. c. x>ref. “ A ” ..
*45
46
46
46
*44% 47
45 % 45 %
*44 Ha 46
Do 4 p. c. pref. “ B” ..
64% 04*2 63% 64 % 63
63%
63
63%
63
63%
62% 63% Ohio, indianap. <fc Louisv.
79
79%
* 78 % 79 % 79% 79%
*78
79
78% 79
78% 78%
Do pref.......................
108 'g 164% 1 6 2 78 165 ’4 162% 163% 163% 164% 163% 164
163%164 Chicago Milw. & St. Paul.
190%190% 191 Ha191 Ha *190 192 *190 191 *190 191 *189% 191
Do pref.......................
220 230
227 231% 227 229
225% 227% 227% 227% 228 230 Chicago & North Western
410
400
33,870
1 1,092
21,545
500
30,015
33 Feb 20 43 Mar 7 20 Feb 34 Nov
03 J an 9 6 8 % Marl 1 50 Sep 00 JICC
74 % Jan 27 81% Jan
42 % Jan 91 J 'no
95% Jan 27 103% Jan (V 70 May 108 May
101 Jan 14 108%.Jan ;; 81% Jan 1J4 % May
93% F o b 21 97 J an 2 83% Feb 97 J’ne
oo% Feb 14 08% Jan 3 55% Oct 8 8 % Apr
100 113 MarlO 118% Jan 3 77 Mar 122 Nov
141 Feb 11 144 Fell 19 IJ 6 Mar 140 Nov
........ 139 FebJ 3 160 Feb 17 120 Feb 130 Sep
19,250 112% Jan 28 117 Jan 2 87 May 117 % May
1,000 85% Jan 6 89 Feb 7 54 % J an 89 Nov
. . . . . . 188% Jan 17 198 Jan 6 145% Jan ] 90% Dec
3,450 45 F e b 20 48% Jan 2 29 May 52% M ay
4,150 33% Jan 22 37% F eb21 27 May 50 % Apr
800 75 Mar i 77% Jan 3 72% Jan 82 % A pr
2,600 134% Jan 21 101 M arl 4 91 Jan 140 Nov
137% Jan 11 142 M ar 5 120 o Jan 130 Apr
30,025 2 2 % Jan 25 25% Feb 20 1 16 Jan 27 Nov
600 91 Jan 8 92% Feb 14 1 90 J ’ly 94% Mar
1,010 83% Jan 22 89% Mar 3 75 May 90% J Tie
500 43% Jan 24 47% Jan 2 41 Dee 50 Mar
6 , 1 U0 49 % Jan 14 67 % F eb24 23 Jan 52 % 1>ec
1,800 75 Jan 16 81 Feb 19 58% J an 77% Sep
76,880 160% Jan 27 168% Jan 2 134 May 188 Muy
2 i 6 186 Jan 14 193 Feb 7 175 May 200 May
8,850 204% Jan 14 233 Mar 6 1.68 % Jan 215 May
230 .Tan 18
12117 Mai 248 Apr
105 % 167
167 Ha169% 167 168% 167% 169% 108% 168% 1.6 8 % 169% Chic. Rock Isl’d & Pacitic 20,660 152 Jan 15 169 % M arlo 110% Jan 175% J ’ne
lo o lo 3
152 152% 153 153 *150 152% -145 155 *148 153 Chic. St. P. Minn. & Om.
500 140 Feb 6 155 Mar 7 125 Mai 140% Nov
195 200 '195 200 *195 200 *195 200 *192 198 *192 200
195 Mar 6 200 Mar 7 180 Mar 201 Apr
Do pref..
17% 17%
18%
18
18
19%
18% 19%
18
19
18% 18% Chicago Terni’l Transfer. 11,750 15 % Fob 21 19% M arll 10% Jan 31 Apr
38 % 33%
34% 37%
34
36%
36
37%
34% 35
33Ha 34%
Do pref....................... 24,350 30% Feb 20 37% M a rll 28% Dec 57 % Apr
*99% 100% 1 0 0 % 100 % 1 0 0 % 1 0 0 % 1 0 0 % 1 0 0 % Cleve. Cm. Chic. & St. L.
1.500 95% Jan 14 105% Feb 7 73 May 101 Nov
100 HalOl^a 100 101
122 % 1 2 2 % '120 123
180 118 Jan 21 123% Feb 6 115% J an 1.24 Nov
*118 123 *118 123
35 Feb 10 35 Feb 10 27% Jan 42 % Nov
82 DoC
7 7 % J an 2 7 772*>J a.n 9s
25 % 26%
27% 28% . 27% 28% Colorado & So., vot. trust 126,320 14 % Jan 15 28% MarlO
26
28%
27
28%
27% 28%
6 % Jan 18 Apr
71
71% $70
70%
70% 72%
72
73%
73% 73%
70% 73
Do ls tp f. vot. tr. cfs. 18,910 59% Jan 15 73 % M a rl21 40 Jan GO Dec
42% 427s 42% 44%
43% 46%
45% 46%
45% 46%
43% 45%
Do 2d pf. vot. tr. ctfs. 50,350 28 Jan 14 46% M arl 2 16% Jan 28% Apr
170 171% 170% 172
172% 172 Ha 170Hal72
171% 171% 170% 170 Ha FYelaware & Hudson___
3,600 170 M a rll 184% Jan 7 105 May 185 % Apr
280 280
278% 278% *278 285
*279 285 T /fd a w Baek
W est’n
100 253 J an 15 297 Feb 4 188% Jan 258 Dec
44 % 44% *43
44 , *43
44
42% 43%
1,500 42 Feb 3 46 Jan 2 29% Jan 53% May
43
43% Denver & Rio Grande___
43% 43%
90% 91
91
90% 90%
91 Hi 91%
91
90% 90%
*90% 91
2,172 90% Jan 21 94% Feb 13 80 Jan 103% J’ne
Do pref.......................
*40
60
60
*40
*40
60
*40
60
*40
60
*40
60 Denver & Southwestern.
49 Jan 10 49 Jan lo 49 Nov 71 J’ne
*40
00
60
*40
60
*40
*40
60
*40
60
*40
60
49 Jan 20 64 F e b 24 69 J ’ly 09 J ly
Do pref
43% 44% 42
43%
42% 44
8,250 39 Feb 1 45% Mar 7 18 Jan 45 J ’ne
43% 45
43% 43%
43
43% Des Moines & Ft. Dodge.
*15 % 15 Ha 15
15%
1,400 13 Feb 3 16% Jan 6 14% Dec 17 Dec
15% *14
15
15
14% 14%
14% 15% Detroit South, vot. tr. ctfs
-37
38 Ha 37
37
36
36
37
38
*35
39
800 33 Feb 24 39% Mar 3 36 Dec 40% Dec
Do pref. vot. tr. ctfs.
$13
13%
13
13%
13
13%
13
13% $13% 13%
13
13% Duluth So. Shore & A tl..
2,870 10 Jan 15 14% E',eb26
4% Feb 12% J’ne
$25% 25%
24% 25%
24
24%
24% 24% $24% 24%
24% 24%
3,000 18% Jan 14 27% Feb 26 13% Jan 2 2 % Sep
Do p r e f ....................
307g 37%
35% 36%
36% r ? n e . .. ‘ ........................... 58,755 35% M arl2 44% Jan 2 24% May 45% J ’ne
3 6 % 3 6 % 36
36'% 3 / % 35% 36%
67
67%
67% 67% Hi Do 1st pref................ 12,075 66 % M a rll 75% Jan 2 59% Jan 75 Dec
67*4 67%
67% 6 . % 6 6 % 67%
6 <% 67-4
*54% DO1.A 54 Ha 54%
53% 54
53% 54%
53% 54%
3,900 53% M arl 2 63% Jan 2 39% Jan 62% Dec
54
54%
Do 2d pref................
73%
72 Ha 73 Ha 72
72
73%
71% 72%
67
71% Evansv. & Terre Haute.. 26,500 57 Jan 13 74% Mar 7 41 Jan 68 Apr
71
72%
102 102
' 1 0 0 % 101 % 1 U0 % 1 0 0 % 1 0 0 % 1 0 0 % *100 1 0 1 % *........ 101
700 87% Jan 31 104% Feb 27 81 Jan 95 Apr
Do pref............. *.......
41% 41Ha -40
41% '39
41% $41
41
39% 40%
40% 40% Ft. W orth s Den. C., strop.
506 30 ~Jan 2 42% Feb 26 17 Jan 36 Apr
185 185
183 184
184%184% 183% 183% 184 185
185% 186% Great Northern, pref.......
1,315 181%Mar 5 191 Jan 6 167% May 208 Mar
67% Feb
70 Jan 11 79 F e b 27
15 % 15 *4
9 .Tn.n 8 16% Feb 10
15
15
15% 15%
Do
deb etf B
7% Jan 11 % Apr
15
15%
14% 15%
69% 71%
6 8 % 6 8 's
68
68
0734 69
6 8 % 69%
9,420 66 Jan 15 71% Jan 2 40% May 75 % Dec
70% 71% FT ocking V alley.............
*83% 84%
83% 83%
83
83%
83% 84%
84% 86
5,022 .81% Jan 14 8 6 % M arl 4 69% Jan 8 8 % Dec
86
8 6 % i-JLDo pref................ ......
140 140
139% 140% 139% 139% 139 % 139% 139% 139% 140 140 f llinois Central...............
4,300 137 Jan 14 143% Feb 7 124 May 154% J’ ue
50% 5034 49% 51%
49 % 50%
48% 49%
49
49%
49
49% Iow a Central............. .
14,200 37% Jan 15 51% MarlO 21 Jan 43% J ’ne
83 % 83 Ha 8 2 34 85%
84
85
*82
83
7,250 71 Jan 14 85% MarlO 48 Jan 87% J ’ly
83
83%
83
83
Do pref.......................
37
37
37
37% 37%
37% 38
37
38
39
3,000 33% Jan 25 39 M arl 3 21 Jan 41 J no
38% 38% J Z anawlia & M ichigan..
S i \ S334
83% $83
83% 83%
83% 83% *83
83
83% 83% -IVc.Ft.S.&M.,tr. cts. pfd
925 80 % Jan 2 85% Feb-24 t 7% Dec 81% Dec
23% 237& 23
22% 23
23%
2 2 % 22%
23
23%
2,900 19 Jan 15 24% Mar 1 13% Jan 25 Apr
23
23 Kansas City So. vot. tr. ..
5 4 14 54 °8 53% 54%
53% 54%
53% 54
53% 54%
53% 54%
8,600 44 Jan 14 55 Mar 1 35 Jan 49 Apr
Do pref. vot. tr. ctfs.
*10
17
16% 16%
16
16
16% 16%
16
16% Keokuk & Des M oines...
743 13 Jan 15 16% Mar 7
5% Jan 18% Oct
*15% 16%
*45
50
*45
48
*45
4S
*45
*45
48
*45
48
48
Do pref.......................
45 Jan 2 47 F e b 28 24 Jan 45% Sep
68% 6 8 %
07
67
67% 67% '6 7
6 8 % *67
68
600 64 Jan 15 71% Jan 3 39% J an 76% Nov
T ake Erie & W estern...
132 135
132 132
*129 133 *129 133
133 133 JLj Bo pref__
200 125 J an 15 138 Feb 6 108% Jan 135% Sep
L. S h ored Mieh Snnth’n
$335 Jan 27 $335 Jan 7 $230 Apr $355 Nov
*80% 8 l% *80 Ha 82%
8 0 % 80% *80% 82% *80% 82% Long Island.............
100 78% Jan 15 86 Jan 2 67 Jan 90 Dec
104 104
103% 104
103% 103% 103% 103 7s 103% 104% 103% 104% Louisville & N ashville...
9,077 102% Jan 27 108 Jan 3 76 May 111 %.J’ne
13078 131% 129 Ha131
128% 129% 128 129% 129 % 132% $132 134% jVf anhattan Elevated... 134,725 128 M arl2 140% Jan 29 83 May 145 Deo
167x4 108
167 16 7 % 166% 167% 167% 168% 167%168% lyLetropolitan Street__ 12,310 159% Jan 15 174 Feb 5 150 May 177 J’ne
167% 168
*39
41 Ha *38
41% *38% 4J % *38% 41% Met. W est Side El. (Chic.)
41% *39
41% -39
38 Feb I 43 Jan 6 27 Jan 41 Nov
*89
91%
Do pref.......................
$89% 89% *89
*89
91
90
90 % *89
90%
256 89 Mar 3 91 Jan 29 79% Jan 93 Sep
95
29% 30%
28 Ha 28\
29% 30%
29% 30Vs 30
30% Mexican Central............... 70,910 25% Jan 15 30% M a rll 12% Jan 30 Mav
28% 30%
20
20 Ha 19% 2 0 %
19% 20%
20
20%
3% Jan 15% Oct
19% 2 0 % 19% 20% Mexican Nat’l tr. receipts 92,105 14% Jan 15 20% MarlO
44 14 44%
Do pref.(when issued)
40% Feb 24 44% Mar 8 |
43% 44%
43% 44%
43 7a 44%
150 150
$150 159% *........ 160
*150 16U $151 151 Michigan Central..
200 $150 Mar 7 160 Jan 7 107% Mar 180 Nov
111 % 1 12
110 1 1 0 % 1 1 0 % 110 % “110%H0% Minneapolis & St. Louis.
5,600 lo 5 Jan 27 112% Marlo| 67% Jan 111% J ’ly
111 Ha112% “i l l 111
121 123
*120 122
Do pref....................
*120 123 <120 123
118% Jan 22 123 Feb 13 101 % Jan 124% Oct
46% 47%
7,050 36% Jan 2 50% Feb 26 15 May 36% Nov
45% 47
45
45%
45% 46%
46
47 Minn. S.~P. & S. S. Marie.
40Ha 47%
107 Ha108 Ha <107 109
1,860 90 Jan 14 115% Feb 26 49 Apr 94% Nov
Do pref.......................
106 107% 105 % 107
108 108% 110 1 1 0 %
*24% 25
1.900 24 Mar 5 27 Jan 3 15 Jan 35% Apr
24% 24%
24% 24%
24% 24% Mo. Kansas & Texas.......
24% 2 4 14 *24% 25
53% 53 70 *53% 54%
Do pref.......................
700 51 Jan 13 56% Feb 18 37 May 6 8 % Apr
53% 53%
53% 53% *53% 54% *53% 54 %
99% 99 7g 98
97% 99%
98% 99%
98% 99% Missouri Pacific............... 59,300 96% M a rll 107 Jan 2 69 Jan 124% J ’ne
90% 98%
99
$195 Jan 21 197 Feb 25 $191% Jan 197% Apr
Morris & E ssex..
80 Jan 24 98% Feb 4 $70 J ’ne $82% Nov
VT ash. Chatt. & St. Louis
*85
90
162*8 162 7b 162 162% 161 % 162% 162 162% 161%102
162% 163 T^ Y. Central & Hudson. 10,660 159% Jan 27 168% Jan 2 139% J an l74% N ov
oO Ha 50 Ha 50
950 46% Jan 15 52 Jan 9 16 May 57% Sep
50% *49
50 % 50% 50% *49% 51 N. Y. Chic. & St. L ouis...
50 Ha 50
•115 120 *115 120 *115 120 *115 120 *115 120 *115 120
Do 1st pref................
119 Feb 6 124% Jan 27 97 Mai 120 Sep
* 8 6 % 88
Do 2d pref................
87
580 84 Feb 4 89% Jan 9 47 Mai 95 Sep
*86
87
86
86%
87
87
87% *86
87
138% Feb 3 138% Feb 3 $134% Jan 139 Feb
N. Y. Lack. & Western.
>214 215 *214 215
2,564 209% Jan 30 219% Marl 2 $206% Feb 217 J ’ne
215 %218% 218 219% $217 218% *212 215% N. Y. N. Haven & Hartf.
32 78 33
32% 33
32
32%
32% 32% N. Y . Ontario & Western. 11,800 32 M a rll 36% Jan 2 24 May 40% May
32
32%
32% 32%
56% 56% 56% 57 % 56% 56%
6,070 55 Jan 14 59% Jan 3 42 Jan 61% Nov
56% 56% Norfolk & W estern..........
56% 56%
56% 56%
91
91
232 90 F e b 21 93 Jan 14 82 Feb 92% Nov
Do adjustment, pref.
*90% 91
"90% 91
91
91
$91% 91%
*90% 91
74
75 Ha 74
1,565 71 Mar 5 75% Mar 8 52 Feb 78 Dee
75
-73
75 p a c ific Coast Co.............
*73
75
74% 74% *73% 75
>103 105 * 103 106 *103 106 *103 100 *102 105 *102 106 I Do 1st pref........ .
100% Jan 6 105 Mar 1 89 Feb 103% Dec
80 78 82 Ha 80% 80% "78
Do 2d pref................
700 79 Jan 20 82% Mar 8 63 Jan 83 Nov
82
*77
83
*77
82
*77
82
151 Ha152% 150% 152 % 150% 151% 150% 151% 150% 150% 150%151% Pennsylvania.................... 114,790 147 Jan 14 152% Mar 7 137 May 161% Apr
42 % 42 Ha *41
5,620 39 Jan 8 46% M arl 2 147s Jan 50 Sep
43
42% 42%
45% 46% Peoria & Eastern.............
45
45%
43% 46%
*72
78
*72
71 F e b 15 83 Jan 14 33% Jan 94 Nov
*70
80
*72
78 Pere Marquette_________
78
*72
88
*72
78
*83
95
*83
Do pref.......................
72 Jan 86 J ’ne
95
*80
90
*83
95
*83
95
*83
95
*80
87
*85
Pittsb. Cin. Chic. <fc St. L.
ib o 80% Jan 7 o i % Jan 0 57 Jan 81 Dec
87
>112 120
*112 120
Do pref....................
114% Mar 4 114%Mar 4 88 Jan 113 Dec
*111 115 "
54% 54 Ha 5 2 % 54%
52% 53
52% 55%
54% 55% p e a d in g , vot’ g tr. ctfs.. 131,225 52% MarlO 59% Feb 13 24% Jan 58 Dec
54% 55%
* 8 0 % 8 i % 79% 80%
80
80 % 80% 8 1 % 81% 81%
80% 8 J Lv 1 st pref. vot. tr. ctfs.. 14,070 79% MarlO 84% Feb 19 65 May 82% Dec
60
66%
04% 66 % 04% 6514 04% 67%
6 6 % 67 % 2 d pref. vot’ g tr. ctfs... 83,300 60 Jan 14 70% Feb 18 38 Jan 64% Deo
6 6 % 67%
11 0 *2 1 10 % 11 0 % J16% *116 117
2,100 110% Jan ‘23 118% Jan 31 97 Nov 112% Nov
113% 114% Rutland, p re f....................
J 16 110 % 115 " 116
BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
Baulin
Banks
H id
A sk
Bank*
B id
A sk
Banks
B id
A 8tC
Bank*
NKW YORK
Trying ........ 220 >240
Citizens’
Mt Morris!]..
14tli Street!). 200 300
230
R id
A sk City.............. 220
CITY
Jetl’erson!!... 180
MutuaiTl.......
575 600
F o u rth ........ 230 240
America^!... 530 0 5 0
Leather Mfr. 255 270
Colonial'll .. 38.7
Nassaull __
G allatin....... 425
Ai/n r h x ch .. 270 280
........ Liberty ....... 650
- - •••. New A luster
Columbia! . 350
GansevoortH 140
A s to r ........... 700 . . . . . . Commerce.. 34.7 2.7.7 G arfield....... 500
Lincoln........ 1000 __. . ^ N evv York (Jo
Bowery*] ... 300
Corn ExciiD. 430 450
ManhattaulJ. 330
N Y N at E x
Gorman Am!| 1177
Broad w ay...
390
M arket cfcFul 1205
East River.. J.70
New Y ork...
German Ex!l 340
Butch’s de Dr 150 . . . . . . 11 tli Ward!|. J50
Mechanics’ . 290 300
19th WardIJ.
Germania!j .. 500
Central........ 185 200 1Emp’eState* 195 210
M ech <fc Trail 100 170
North A mer.
Green wich *,i 290 310
(jeutiiry
J50* 170 |Fidelity'll___ 210 . M_. . 0 Hamilton!! .. 100 175
M ercantile.. 290 300
Oriental!!..
C h a s e .......... 7 00
Merch Exch. 150 105
Fifth A veil.. 3300
l’aclticli.......
075 090
Chatham . . . . 3 3 5 350
Fifth........
-i»- Merchants’ .. 190
Park.............
375 425
Hide As L’ath 150
Chem ical.... 4)50 4250 j First (new).. 850 870
i mp & Trad. 1045 . . . . . . Metropolis 11 700 . . . . . . People’ s !!....
* Bid and asked >rices, no sales were made on this day.
$ Dess than 100 snares.
t HR rights.
11 * tale banks.
1 Sale at Stock iExchange or at auction this wool;
n Trust Co. certificates. . b N ow stock.
B id
A sk
Banks
B id
Pliennr rrTr- 111)
Plaza!!.......... 550
Prod Exok!|. 100
Riverside!! .. 300
750
- - - - Seaboard ___ 450
Second ........ 050
Seventh,new 125
350
Shoe & Leth. 120
St atoll.......... 550
300
12 th Ward!!. 110
210
Ward!!.. 110
205
Union Sq!|... 325
030 060
United JNat’l. 125
250
a Ex dividend and rights.
f 200
270
190
5700
1500
230
J35
150
290
A sk
120
135
130
......
iio
561
Stock Record —Concluded—Page 2
S 1 'OCA'S— H JU t l A S T A X D L O iLATtfT S A L A
S a tu r d a y
M a rch 8
B A I L JJL'S
M o n d a y 1 T u e sd a y | W e d n e s d a y 1 T h a r s d a y
M a rch 10
M a rc h IS
M a r c h IL
M a r c h 1J
b Y id a y
M a r c h 14
STOCKS
N EW YORK STOCK
EX C H A N G E
[Vol. LXX1V.
Ita u tje lo r 1 e a r HJITJ
Kanye. /or H r m o u s
S a les u
On b a s is 0 / W O-s/inre tots
Yea r 110(11 J
th e
W eek,
Sli a res
L ow est
H i y b est
L ow est
H ig h e s t
QQL
22% 23*4
22% 23*8
22 Hi 24
20
21% O t. J. «fc ti. lei. v. ir. cite 10, h8n 12 Jan 14 24 MarlO
7 % J an 15% J'uo
3,990 62 kef) 6 74% Im*.I»25 55 Oct 78 % J 1ue
71% 72
72
74
71
71 i7 Ho let pref. v. l ra ils.
71 Hi 72*4
72U 73
35
33%
5,048 27 Jan 7 35% Mar 12 17 Dec 36 J ’ne
3 4 14 114St 34
35 % 34
Do 2d pref. v. tr. cits.
35
33
84*4 35*b 34
1 3 9 % ij o % 139H 139H 139 139 4139 Ha 110
139 139
1,050 126 Jan 22 111% Feb 17 57 Jan 134 Dec
139 139 Ht. Law. A Adirondack...
3,700 55% Jaii 2 64 % J an 16 21 % Jau 56 % Dec
61
61 Hi 60 Ha 60 H t>u><j (i"?b 60 Ha 60 Ha 60% 60%
60% 61 tit. Louis <fc San Fran__
•H;i Hi Ho Hi •82
85 H •83
85
81
84 1 *83
85
85
150 S3 Feb 5 88 Jan 11 75 J ’ly 88 Mar
Do 1st p r e f...............
•82
3,700 71V Feb 21 77 Jan 18 53 % Jan 76% .1’mi
73
<— | 72
72
Do 2d pref.................
*<■4 / 7 Hi 7 i% 72
71 Hi 72
71% 72
•24
*25
J,780 24% Mar 6 28 L Jan 3 16 M av 39 % Apr
25
26
ad
25
| 26
26%
26% 27 tit. Louis Southwestern..
•56 % 57 Hi 56
58%
56 14
56
56
•55*4 57
58%
Do pref
71 ,1'ne
64% 64%
64% 64%
63*4 64 % 63 Ha 64*4 | 63 Hi 64*4
64% 64% Southern Pacific Co. ... 130,450 58 Jan 27 67% Feb 10 29 May 63%.) ’ne
32%
32% 33
32 *b 32 H 32*4 32 *b 32*8 32%
32% 33% Southern voting tr. offs.. 52,05o 31% Jan 27 34% Jan 2 IS Jan 35% J’ne
95*4 I 95 % 96*4
95
95 *4 95
96% 95%
95
95%
Do pref. vot. tr. ctfs 36,115 92 Jan 14 97% Feb 1 1 67 % J an 94% Nov
94% 97
39% 39%
39
3y Hi 39 Hi 40*4
5,000 37% Jan 16 13% Feb 18 23% Jan 52% May
39
39%
39*2 39%
40
40% f pexas A, Pacific..........
•129 131 •128 130
325 122 Jan S 134 Feb 7 117 Mil) 129% J an
1- bird Avenue (N. Y .)..
129*4 129 Hi •129 130
129% 129;% *129 132
32
22*4
22 Hi 22 % *22
2 2 Hi 2 2 Ha 22 Ha 22*4 22*4
2,900 18% Jan 21 23% Feb 11 10 % Feb 25 % May
2 2 % 2 2 % Toi. tit. L. A W. v. tr. ctfs.
40
40%
397g 40H
4,045 35 Jan 15 43% Feb 11 28 Mu> 39 % Muy
40
40*4
40
Do pref. vot. tr. ctfs.
40*4 41
40 Ha 40*4
40%
116 115 Hi 115 Hi 116l4 115% 115*4 116 116 §115% 115% 115% 116 Twin City Rapid Transit
3,459 107 Jan 20 118% MarlO 65*4 Jan J09% Dec
•16* 159 *158 159 '158 169 '15 8 159
Do pref........
*158 159
158 Kc*b 18 159 % Feb 18 147 Apr 160 Nov
98% 9878 98 Ha 99*4
99*8 99 % 98% 99%
98% 98% I Tuion Pacific.................. 54,250 9 8 % F eb 28 104% Jan 2 76 May 133 May
98*4 99%
8 6 % 87*8
86*4 87
3,760 8 6 % Mar 6 91% Jan 2 SI % J an 99 % May
8 6 % 87
86*4 8 6 %
8 6 % 87% LJ Do pref.......................
86*4 *?%
23
23% \17abash........................... 13,000 21% Jan 14 25 % Feb 18 11 % Jan 26 J ’ne
‘22*b 23 Ha 2 2 % 23%
23%
23*4 24 Si 23 li 23*i
23
42
42%
41 % 42%
42
42
6,900 41 % Jail 13 44% Feb 18 23% Jan 46% J ’ne
42% 42%
42% 43% >▼ Do pref.....................
41*.j 42*8
19 Hi 19*4
19
19
19
19%
19% 2 0 %
8,400 17 Jan 27 2 0 % F eb 24 J 1% J an 22 J ’ne
19
19*8
2 0 % 2 0 % Wheeling A Lake E rie ...
,.
.•i. : •55 Ha 57
*56
57
57
1,100 49% Jan 27 59% Feb 24 45 May 60% Mar
Do 1st pref................
55% 55 Ha 55% 67
*56
30
32
32% 32%
Do 2d pref................
2,000 28 Jan 14 34 F eb24 24 M ay 38 Mar
§31
32 Hi 30 Hi 30 H •30 Hi 32
32% 32%
2 0 % 20%
23% 24%
20% 21 Hi 21 Ha 2 3 Ha 23% 24%
2 2 % 23% Wisconsin Cent. v. tr. cfs. 92,400 19% Jan 30 24% Mar 12 14% Jan 26 J ’ne
45 *4 46 *4 44% 45 % 44% 44%
42 Hi 42 Hi 42*4 43
43
45*4
Do pref. vot. tr. ctfs. 29,250 39% Jan 24 46% Mar 12 38% Jan 49% Apr
-M iscellaneous.
•202 210
$202 Ha205 •202 215 •202 212 *202 215 *202 210
A dams Express.............
66 199 Jan 4 §220 Feb 7 §145 Jan §202 Dec
68
69 Hi 68
69 *4 64 % 68*4
63% 65%
6 8 % 69*4
04% 65*4 7Y malgamafed Copper... 282,320 63% M arl3 79 Feb J 60 % Dec 130 J ’ne
1 % Sep
•3% 3%
4
4
S% Apr
1 >0
*3 Hi 4
•3 *2 4 *8
3*4 3*4
2 Feb 25
3% 3% American B icy c le ............
4% Mar 4
17% 18
•16
19
18
18
17
17
1,262 10 Jan 6 19 Mar 4 10 Sep 35 Apr
"16
18 Hi
17
Do pref.......................
16
30*4 31
30% 31%
30*4 31 Hi 30=8 31
31
31Hi
31% 32% American Car A Foundry 26,660 28% Jan 14 32 % M arl4 19 J an 35 J ’ne
2,533 85% Jan 14 89% Mar 6 67 Jau 89% J ’ ly
Do pref.......................
89%
89*8 89*8 88*4 89 *4 88*4 89 V 8 8 % 8 8 % 89
89% 89%
41% 42
46% American Cotton Oil....... 57,090 30% Jan 10 47% M a rl3 24 Mar 35% J ’ne
41
42*4
46%
45% 17%
42*4 43 Hi 43
45
94
96
91
92
94
92 Ha 9 2 Hi 91
96
97% *97
99
Do pref.......................
1,950 86 Feb 3 97 % M a rl3 85 Apr 91% Jan
•230 238 *230 235 <225 235 *225 235 *225 235 *225 235 American Express............
210 Jan 13 244% Feb 11 §169 Jan 210 Nov
51 % 55
61% 52
5 4 % 55 % $53% 63% American Grass T w in e .. 22,490 39 % Jan 9 55% M arl3 39% Dec 45 Nov
51% t>2% 51*4 52*4
27
27*8 2 6 Hi 27*4
23*8 26*4
23%
23
22 Ha 24%
2 1 % 23% American Ic e .................... 40,136 21% M arl4 31% Jan 2 25% Oct 41% Mar
63
65*4
61% 63
6,400 61% Marl2 67 Jau 3 62 Oct 77% Mar
62
64
62
65
65*4
62%
Do pref..................... .
62 % 62 %
2 2 % 22*8
22
22
*21
22
22
22*4
5% Jan 30% J ’ ly
23% 24% American Lmseed............ 11,050 15 Jan 14 25% Feb 1
2 2 % 23
55% 5 5 78 *55
55
56
00
55
5,250 43 Jan 13 57 Mar 5 31 Jan 6 6 J ’ly
55Hi 55Ha oo
56 %
Do pref.......................
55
32% 32 Hi 31% 32*4
3178 32*8
31% 32%
31% 32%
31% 32% American L ocom otive... 14,360 30% Jan 14 34% Jan 4 22 % Aug 33% Nov
*92
92 Hi 92 Hi 92 7e •92*4 93
92% 92%
92% 92%
Do pref.......................
2,610 89 Jan 3 94 Jan 7 83% Oct 91 % Nov
92% 93
*5*4 6
**5*4 6
350
8 J’ne
5% 5%
7 % J an 6
4% Feb
6 American M alting............
5 Jan20
5 Ha 5 Ha §5 Ha 5%
*5%
*21
23
*21
23
*21 Hi 23
23
23
•21
Do pref.......
*21 Ha 23
21 Jan 20 25 Jan 6 22 % Dec So J ’ne
*21
46% 46%
46% 46%
46% 46%
4,954 44% Jan 14 49% Jan 29 38% Oct 69 Apr
46% 47 Amer. Sinelt’g A Refin’g.
46*4 46 H 46*8 46*8
99
99
98%
3,760 96 Jan 20 99% MarlO 88 Feb 104% J ’ ne
§99% 99 % 98
Do pref.......................
y « a4 y8a4 98 Hi 99 Ha 9b *8 99*8
*65
70
65
66
68
70 American Snuff
700 40 ^ J an 22 68 Marl 3 26 Mar 49% J ’ne
*65 __...
68
*68
*90
92
93
93
94
94
Do pref__
•90
93*4
600 85 J an 13 94 Feb 18 73 Apr 90 J’ ne
92 Ha 92 Hi
126% 127% 126 127
126 127 Ha i26% 127% 123% 126*4 125% 126% American Sugar Refining 97,100 116% Jail 6 132% Feb 18 103% Dec 153 J ’ ne
900 115 Jan 2 119% Feb IS 111 Dec 130 J 'ly
•116Hi 118
116% 116% 116%116% 116 Ha116% •116 117
Do pref.......................
117 117
*87
90
84
84
•80
90
90
•84
90
90 American Tel’gh A Cable
100 84 MarlO §96 Jan 7 §94 Jan 100 Apr
*80
•80
*15
15 Hi 15 Ha 15 Hi 15 Ha 15 Ha 14*4 16
1,970 14% M arl 4 17% Jan 7 13% Mar 21% Jan
14% 14% American W oolen............
14*4 14%
*78% 79
79 .79
79
79
*78
79
79 • 78% 78%
710 77% Feb 11 79 Jan 10 70 Mar 82% J ’ly
79
Do pref.......................
5,050 29% Jan 14 36% Feb 1 28% Dec 54% Apr
32 78 3 3 Hi 327a 33
31% 32*4
30% 31%
32 H2 33
31% 31% Anaconda Copper.............
*219 221 <219 222 <218 222 *218 222 •220 221 *218 222
I )rooklyn Union Gas___
210 Jan 4 222 Feb 13 175 Jan 228 Apr
200 10 Jan 13 12% Feb 28
11%
*11% 11*4 "11*4 Il% •11
10 % 11
8 % Jan 14% Mar
• L0*4 1 1 % O runsw . Dock A C.Im p’t
11 Hi •11
92
95%
92% 93%
93% 95
95% /Colorado Fuel a Iron ".. 29,500 84 J an 8 98 Mar 6 41% Jan 136% J no
94
92 Ha 96
92 Ha 94
*128 13u •128 Ha130 *1*28 130 *128 130 *128 130 *128 130
Do pref.......
§130 Jan 29 §130 Jan 29 116 Mar 142% Apr
700 14% Jan 16 18% Feb 11 12% Oct 25% J ’ne
IS
16*4 17
17Hi 17 Hi *16
•16 Ha 18
17% Col. A Hock. Coal A Iron.
•16*4 17% v17
220 221
220Hi 221*4 218% 2 2 1 % 219 219*4 219 222% 2 2 0 % 222
Consolidated Gas (N. Y .). 20,800 213 Jan 15 223% Feb 13 187 Jan 238 Apr
•116% 118
•••••*
117% 118 $1,16% 116% Continental Tobacco, pref . 700 115 Jan 2 121 Jan 20 93 % J an 124 J ’ne
116*4 117 Ha *116 Ha118
........ 130% Jan 13 139%Jau 2 127% Oct 152% Aug
•133 137 Hi •133 137 Hi §134*4 134*4 •133 136 •133 137% *133 135 Diamond M a tch .......
6 % Oct 10% J’ ne
' 8 *& S*4
8%
8%
2,530
8 Feb 20 10 Feb 3
8 Ha 8 Ha
8 Ha 8 %
8% 8%
8%
3% Distilling Co of America.
3,055 33 Jan 3 41% Feb 4 23% Sep 34% Nov
Do p r e f . .......... ........
38
38% 38Hi 3 1 *g 38 *4 37*4 37*4
37% 38
38
38% 38%
299 Hi 299 Hi 298 300*4 298 Ha298 Ha 299 303
3,628 276% Jan 15 304 % M arl3 183% Jan 289% Dec
302% 304% 304 304% General E lectric............
2 UU 43 % Feb 28 46% Mar 4
*43
46
44 *4 44 *4 45
45
•43
44 % *43
46
46 Glue’ e Stig.,temp ctfs dep
•43
*106 110 *104 " 109 *104 109 n o 4 109 *104 109 *104 109
Do nreLtemn r.tfs ffpn
109 ‘ Mar 1 1lu Mar 3 j.................
4,300 19 Jan 14 21% Jan 3 18% May 28 Mar
*20
20Hi 19*4 20*4 *19 Ha 20
2 0 % 20%
2 0 % 21
19*4 ‘20
I nternational Paper.......
2,010 74% Feb 6 77% Jan 7 69 J an 81% Sep
*76
76%
76 Ha 76 % 7 6*4
76% 76%
1 Do pref.............
76*4 76*4 * 76
100% May
'900 86 Feb 7 8 S% Jan 6
88
*87% 89
8 8 % International Power
*8 6
89 H2
*87
89 Ha 8 8
88
6 % Jan 27 1 0 % M a rl4
5 % Feb 11 Jan
7% g%
7% 7%
8 % 10%
1 0 % 10 % International Silver........ 31,842
7*4 8
7%
7*a
49
50,
900 45 Jan 14 50 M arl 4 33 Apr 51 Deo
*47Hi 47%
48
50
Do pref.......................
47Ha 47% *45 Ha 47% •45% 48
760 47 Jan 2 54% Mar 6 24% Jan 49 Nov
5± InternatT Steam Pum p..
54Hi 54%
5 4 Ha 53% 53% §54% 54%
54
54Ha 54Ha *53
600 87% Jan 13 91 MarlO 74 Jan S9 Oct
91
91
9 L 91
Do pref.................. "...
*89 Ha 91 Hi 91
90Hi 90Ha 90*4 90*4 *90
*
*......... 90
* ......... 90 * ____ 90 ^____T 91
90
8 8 % Jau 30 91 Feb 6 70 Jan 95% J’ly
r aclede Gas (St. Louis)
<.........109
*.........n o
* .........110
* .........110
J-j Do pref..........
102% Mar 5 110 Jan 27 95 Jan 106% Nov
S Oct 22 Apr
1,610 12 Jan 24 17*4 Marl 1
*15
18
16
17*4
16
17*4
17%
16
16
•16
16% 16% Manhattan Beach............
3,530 43% Jan 14 49% M a rl4 37 Jan 46 May
47% 47Hi $47*4 47*4 *47Hi 477g 47% 48%
48% 49
49
49*4 \[ational Biscuit............
410 104% Jan 3 109 Feb 19 92 Jan 103% Nov
Do pref.......................
*106 Ha107 Hi *106 Ha107*2 §107*4 107*4 *106 107% 1071*107%
6,210 15% Jan 18 19*4 M a rl4 15 Mar 25% J ’ne
17
17%
17% 19*4 National Lead....................
*16*4 17
17
17*4 17
*16% 17% •17
♦80
82
85
1,200 78% Jan 16 86 Jan 29 74*4 Dec 93% J ’ne
81
81*8 *81
85
81
82
84
*81% 82
Do pref.......................
300 15 L M arl 2 162% Jan 3 133 J ’ly 175 Apr
*162 156 *152 154
152 153
151 151 *150 152 *150 152 New York A ir Brake.......
*13
13 7g *13
13% *13
15
*13*4 15 N ew Y ork D o c k ...............
150 12 Feb 7 14 Jan 2 13 Dec 15 Dec
17
13
13
•13
611 39% Feb 21 44 Jan 3 45 Dec 47% Dec
40
40
40
40
40
40
40
40
*39% 40
Do pref.......................
•39% 40
94
96
100 106% 103% 106 North American Co., new 30,795 88 Jan 28 106% M ario 73% Feb 109 J ’ne
96
97
96% 100
95Ha 98%
49 p a c ific Mail..................... 15,472 45 F e b 13 49% MarlO 30% May 49% Nov
47*4 4878 4S
48% 49
18
48
48 78 47*4 48%
49*8
99 % 99*4
99 Ha101*8
99 Ha 99*4
99*4 1 0 1 % 1 0 0 % 1 0 0 % 1 0 0 % 1 0 0 % -t eop. Gas-L.A C. (Chic.) 21,650 98% Jan 15 106 Jan 4 95% Jan 120% J ’ne
40
40
5,150 39 Jan 14 42% Jan 3 30 Mar 52 J an
40
41 Pressed Steel Car_____
40
40
39% 39%
39% 40%
39*8 40*s
83 ~ 83
83 ~ 83% 83%
1,775 82*4 Feb 4 8 6 % Jan 2 72% Mar 89 Apr
Do pref.......................
83 Ha 83 Hi 83
83*4
83
83*4 83
400 215 Jan 13 240 Mar 6 195% Jan 225 Oct
235 235 Pullman Company,.
•235 240
234 234
234 234 *228 234
5% May
1 % Apr
4% Mar 8
3% FeblT
1,100
*3% 4% Quicksilver M ining........
4
•3% 4
4
4*s
4*8 4*8
1%
*3*4 4*8
7 Mar 12% May
•1 0 % 1 1 %
2,500 10 Mar 3 11% MarlO
1 0 % 11
li
n ii
Do pref.......................
11
l l 7e 11
11*4 •10*4 11%
18%
18
17% 18% p ©public Iron A Steel.. 34,150 15% Jan 2 18% MarlO 11% Sep 24 J ’ne
17*4 18%
17*8 17 78 17Ha 18%
17Ha 18*8
75
$72% 74 -tv Do pref....................... 15,014 68 Jan 16 75 M arl3 55% Jan 82 Apr
73
74
74
72
72 Hi 72 Ha 73*8
72Ha 73
3,630 17% F e b 28 20 Mar 5 IS Dec 38% May
18
18
18*4 19% Rubber Goods M fg ............
19*8 19 78 19*8 19%
18 Ha 18*4 *18% 19%
220 66 Feb 11 71% Mar 5 63 Dec 90 May
69
*69
70
TO
70
Do pref.......................
*67
70
*67
69%
66% 66% *6S
34% *34
34% Qloss-Sheffield St. A Iron
829 29% Jan 3 34% MarlS 19% Feb 41% Apr
*34
34Ha 34
34
34
34
34
-3 4
34%
82 J an 3 84% Mar 7 65% Jan 8 6 % Apr
*83% 84% O Do pref....................
*84
86
85
*84
85
*84
85
*84
84*4 *84
3% Mar
8 % J’ne
4 Jan 10 7% M arl 4
6*4
7% Standard Rope A T w in e.. 10,205
7%
5Hi 5%
6
6 H2
6%
5*4 6*4
6%
6 *s
67% 6 8 % Tenn. Coal, Iron A R R ... 27,350 61% Jan 14 71^4 Feb 25 49% Mar j6 % J ’ne
69
697S 67*4 69*8
67*4 6 8 % 67% 69
67Ha 68*8
500 35 Jan 15 44% Feb 18 19 Jan 42 Apr
42
42 Texas Pacific Land Trust
*41% 42% *41% 42
*41 Ha 42%
42*4 42*4
700 13 Feb 1 17% Feb IS 12 Apr 19% J’ ne
15*4 15*4 T Tnion Bag A Paper.......
15% 15%
15*4 16
*15Ha 16
15 Ha 15 Ha *15% 16
300 72 Jan 16 82 FeblT bb Apr 75% Deo
80
*79
81
$78% 78% tJ Do pref.......................
*79
SO
*79
79
79*8 *79
80
210 97 Jan 2 124% Feb 7 §53 Jan 100 Apr
•113 115
*110 114 *110 114 United States E xpress...
112 112
112*2 511^ •11*2 115
7% May 16% May
4,630 11% Feb 20 12% Jan 4
1 1 % 1 1 % United States Leather___
11% 11%
11*4 11*2 11*8 11*4
11% 11%
11*8 HHi
3,908 79% Jan 21 82% Jau 4 69% May 83% Aug
Do pref........... ..........
8134 817g 81*4 82*4 82
82
82%
82% 82% $80% SI
82
4,115 38% Feb 5 44% Mar S
43% U. S. Reduc. A Refining..
43
43
4 4 Ha 44%
43*2 44*4 43
44
44%
43*4
ggl.
6 65?o
815 60*4 Feb 0 6 8 % Mar 6
66
66
6714 67*8
67*4 67*4
1,327 14 ’ Jan 2 17% Feb 24 12% Oct ‘34 Jan
15% 15% United States R ubber__
16
16
15%
*161i 161*
15
15%
15
§15
15
833 50% Jan 14 59% Feb 24 47 Oct 85 Jan
56
66
57
Do pref.......................
55% 55% •56
56Ha 06*2
56
56
§55% 55%
42%
42*4 427g 42*4 42 78 417a 42*8 41*4 42%
42% 42% United States Steel.......... 101,148 41% Jan 15 46% Jan 7 24 May 55 Apr
42
94=8 9478 94*8 94 38 93 Ha 94*8
94% 95
Do pref....................... 94,420 92% Jan 27 97% Jan 7 69 May 101% Apr
93% 94%
93*8 94%
65
66
68*4 69% Virginia-Carolina Chera.. 19,000 60 Jan 18 70% MarlS 51 J ly 72 Mar
67
69
64Ha 65*s
65*4 6 6 %
68*4 70%
4,525 120% Jan 17 131% Mar 14 116 Apr 125 Aug
Do pref.......................
130 131
129*4 131*4
123 Ha123 H 124 125
126 127*8 128% 131
§185 Jan 24 202% Feb 13 §130 Jan 199% Deo
*193 202 •193 203 *190 202 *190 202 *190 200 *190 200
Vl^ells, Fargo A Co......
2,500 90% Mar 5 93 Jan 3 81 Jan 100% May
90*4 91
▼t est’ n Union Tele’gph
*90Ha 91
90Ha 90*4
90% 90*4 •90*4 91
90Ha 90*4
9,892 169% Jan 15 199 Marl 4 145 Nov 180 Dec
183% 199 W est’ gh’se E 1A Mf g assen
184 184Ha 182 lS 4 7s 181 182*4 181 184*8 183 184
200 ISO Jan S 199 Marl 4 157 Nov 187 Dec
•185 188 *185 188 *185 188 •ISO 181 •ISO 188 $190 199
Do 1st pref................
jij ^ y J
(
q
i *y
BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
T ru st C o’ s B i d A s k T ru st C o’s
T rust C o’ s B id I A s k
B id
A sk
B id
A.S/C
B anks
Bunks
MortonTrust 1050 1100
C’lR ’ tyBt&Tr 1543 546
BROOKLYN
BROOKLYN
B i d u is k Brooklyn!) . 120
N Y Life&Tr 1275
Central T r’sT 1926% f
17th Wardl) 130
'Brooklyn ’1% 450
N Y Seo As Tr 11850
Sm’M.anie
City T ru st... 400 1420
200
8 th Ward!)
75
200
Flatbuah. . . . 170
Colonial....... 375 i........ North Amer. 260 265
200
5th Avenue^ 105
26th Ward!). 140
F ranklin___ SI a
Continental. 615 ........ Real Est Tv't 400
200
F irst..’. __
Unions
140 io o
300
Hamilton___ 9 U
T\iu«-.«4 Go!l
Farm Lotfe'li 1490 1520 standardTr’t 400
550
130
105
Kings O o___
Tr Co of Am. 1269%
Fifth Avo Tr 670 700
1624
Manufactrs’ . 1300
L Isi La*.Tr. 290
T rC oof Rpbe 135 it»5
Guaranty Tr 750 775
240
Meohaniosll. 1219%
Knick Tb’k’ r 760 ........ Union Trust 1390 1410 Munufaot’rs 340
Merchants’ .. 100
T rust Cos.
N a s s u u . . . . 215
Manhattan - \520 ........ U S M tgA T r f 4 6 9
N assau........ 350
BROOKLYN
N. Y . CITY
Mercantile .. 1100 ........ Unit States . 1700 •••••• People's....... S30
Nat City...... 290
Merchants’
1(H) ........ Washington. 415 •••••• Will nuns b’ g 215
Bedford^
225
North SideU. 180
Atlantic T r .. 270 280
Broadway^.. 250
Met ropoliian 525
People’s!)___ 206
Bowl’gGreon 203 207
• Bid and asked prioea; no sales were made <m th is day. § Loss than ion shares.
- L\ rights. !i Dunks marked with a paragraph 0!> ***
* Bale at Stock Exchange or at anction this week.
s Trust Co. certificates.
B an k s
NEW YORK
CITY
Varick ^
Wasliingt’n !
W ash.H ’htsI
W est SideU W estern.......
Y ork villel]..
330
......
22 0
27 0
Em
York Stock
Bond Record, Friday*
E xch an ge—
O C C U P Y IN G
BONDS ■
S '. V. S T ( >OK E X ( ’ 11A N G E
W jcick E nding M a r . 14
IS .2
—
T rice
F rid a y
M a r, 1 4
Hid
11. S . G o v e r n m e n t
U H 2 h co n so l r e g is t e r e d .ill930 Q-J
U B 2s co n so l c o u p o n ___ d l9 3 0 Q-J
U B 2s co n so l re g sm all..< i 1930 <4-A
Q-J
U M 3s reg istered .........../c 191S Q- F
u s 3s cou p o n ................ a l :t i s Q-F
U S 3s r o g sm all b o n d s .. k 191 S Q-U
U S 3s co u sm all b o n d s .. /cl9 1 8 Q -F
IT S 4s r e g is t e r e d .............A1907 Q-J
U B 4 s c o u p o n ................... /il9 0 7 Q-J
VJ B 4 s r e g is te r e d ................ 1925 O F
U 8 4s c o u p o n ......................1925 Q-F
U 8 5s r e g is te r e d ................ 1901 O F
U 8 6s c o u p o n .................... 1904 O ' F
109
109 % 108% D e c ’ 01
109% Mai 3)2
109*14 110
109 *.i 110
L10 Sale
............ .........
1 0 9 1i 110
11 L%1 1 1%
L13 Bale
1 8 9 *s 139
139% 139%
100*«2 107
I00*a 107
100
105
Sale
Sale
93*2 94
•*>
R ange
Since
J a n u a ry 1
H ig h JSo Low
A Sic Lorn
F o r e ig n G o v e r n m e n t
9 4 ..........
IT ran kfort-on -M aln 3 %s se r 1 .. M-S
T h ese a re ‘p r ic e s on the ba s is o f
...... ......
IJ S o f M e x ic o s f g 5s o f 1899 0 -3
T liese a r e p r
S t a t e S e c u r it i e s
J -J 107 108*2
C lass 13 5s
...............1906 J -J
J -J
1 0 2 * 2 ..
C u rre n cy fu n d in g 4s ..1 9 2 0 J -J
I )is t o f C olu m b ia 3 '6 5 s ___ 1924 F -A 1 2 5 * 2 .........
J -J 106
Sm all
M issou ri fu n d in g
1894-1995 J - J
105 ..........
N o r th C arolin a c o n s o l 4 s. 1910 J -J
........................ 1919 A -0 135% . . . . . .
6s
S o C arolin a 4 %s 20-40
1933 J -J
T e n n n e w s e ttle m e n t 3 s .. 1913 J -J
9 5 * 2 ..........
95
.........
S m a ll.............................................. J -J
V ir g in ia fu n d d e b t 2 - 3 s . . . 1991 J - J
R e g is t e r e d ................................... J -J
*7*4
6 s d e fe rre d B r o w n B r o s c tfs .
R a ilr o a d
A lfthama C en t See S o Ry
x v l a b a M id i See S a v F la <fe W
A lb a n y <fe S u sq See D e l <fe H u d
A lle g h e n y V a lle y See P e n n 1414
A lle g <fe W e s t See B u ff R & P
A m D o c k <&Im See C en t o f N J
A n n A r b o r 1 st g 4 s ..........M 9 9 5 o - j
A t o h T cfe S F e g e n g 4 s . . .1 9 9 5 A -O
R e g is te r e d ____ _________ 1995 A -O
A d ju s tm e n t g 4 s ........... 7&1995 N o v
R e g is te r e d ...................7tl995 N o v
S ta m p e d .................... 7GL995 N ov
C h ic <fe S t L o u is 1 st 6 s ..1 9 1 5 M-S
A t l K n o x <fe N o r 1 st g 5 s . . 1946 J -D
A tla n ta <fe D an v S ee S o u tli R y
A tla n ta <fe Y a d k See S o u th R y
A u s t in & N W
See S o u P a c ific
| ) a t C reek <fe S See M ic h Cent
A J a lt & O hio p r io r 1 g 3 % s - 1925 J -J
R e g i s t e r e d ...................... /CL925 Q -J
G o ld 4 s ..............................7il948 A -O
R e g is t e r e d ...................771948 Q -J
C o n v d e b 4 s ....................... 1911 M - S
P J u n <fe M D iv 1 st g 3*281925 M-N
R e g i s t e r e d ...................2^1925 Q-F
P L E & W Y a S y s r e f 4 s l9 4 1 M-N
S o u th w D iy 1 st g 3 % s ... 1925 J -J
R e g i s t e r e d ...................7il925 Q -J
M o n o n R iv 1 st g u g 5 s . .1 9 1 9 F -A
C en O h io R 1 st c g 4 % s .1 9 3 0 M -S
B e e c h C ree k See N I C & H
B e lle v <fe C ar See Illin o is Cent
B k ly n & M o n ta u k See L o n g 1
B ru n s & W e s t See S a y F I <&TW
B u ffa lo N Y & E r ie See E r ie
B u ffa lo R & P g en g 5 s . . . 1937 M-S
A ll & W e s t 1 st a 4 s g u .. l 9 9 8 A -O
C l <fc M ali 1 st g u g 5 s . . . . 1943 J -J
R o ch ife P itt s Ist~ g 6 s . . . 1921 F-A
C o n s o l l s t g 6 sh ...........1922 J -D
B u ffa lo <fe S o u th w e s t See E rie
B u ffa lo cfe S u sq u 1 st g 5 s .. 1913 A -O
R e g is te r e d . ..........7 ........1913 A -O
1 st r e fu n d in g g 4 s ............ # 1 9 5 1 J - J
B u r C edar R <fe N o 1st 5 s . 1906 J-D
Con 1 st <fe co l tr u s t g 5 s . . 1934 A-O
R e g is te r e d ................. 7 ............ 1934 A-O
C R X Fcfc N W 1 st g u 5 s. 1921 A -O
M <fc S t L 1 st g u g 7 s _____ 1927 J-D
/C a n a d a S o u th lL s to s ............ 1908 J -J
V J2d 5 s ................................... 1913 M-S
R e g is te r e d ...................... 1913 M-S
C arb <fe S h a w n See 111 C ent
C arolin a C en t See S eab <fe R oan
C arth age <fe A d See N Y C & H
Ce<l R l a F cfe N S e e B G K & N
Cen B ra n ch U P 1 s t g 4 s . . . 1948 J -D
Cen B ra n ch R y See M o P a c
C en tral O hio See B a lti cfe Ohio
Cen R R cfe B o f G a co l g 5s 1937 M-N
C en t o f Ga R R 1 st g 5 s ..2*1945 F -A
R e g is t e r e d ...................... p i 945 F -A
C on sol g o ld 5 s ............................ 1945 M-N
R e g is te r e d ...................... 19 4 5 M-N
1 st p r e f in co m e g 5 s ___ p l9 4 5 O ct
2d p r e f in co m e g 5 s _____ p l9 4 5 O ct
3d p re f in co m e g 5 s . .. .# 1 9 4 5 O ct
C hatt D iy p u r m oa tr 4a 1951 J -D
M a c cfe N o r D iv 1 st g 5 s .l9 4 ( J -J
M id G a cfe A t l D iy 5 s ____ L947 J -J
M o b ile D iv 1st g 5 s ............1941 J -J
C e n t o f N J 1 st co n s o l 7 s ..1902 M - N
G en era l g old 5 s............... 1987 J -J
R e g is te r e d ...................A 1987 Q-J
W eek's
R an ye or
Last Sale
107 *2 O ct ’ 01
110
110
.........................
108*4 F eb *02
111 *2 i n
113
113
139 *2 F e ll’ 02
1397, Dec.’ 01
1 0 6 1100%
100* i F eb ’ 02
107 J a n ’ 02
109*4 O ct ’ 00
1 0 2 1- F e b ’ 02
109 A u g ’ 01
126 O c t ’ 01
106*4 Ja il ’ 02
109 *2 F e b ’ 99
107
102 *0 102 D
1 Unix 1 oh ix
104
Sale
1 06
93
107
Sale
... 104
.. .
104*2
9 6 ce
95
95
97*8 9 9 34
9 5 c8
19
8
9
12 95 58 190
100
100
104% 105*4 149 103*4 105*4
103*2 F e b ’ 02
103 104
62 92
93*2
94
9 5 34
9 4 34 J a n ’ 02
94 34 9 4 38
66 92
93*2
94
9 5 34
80
9 4 34
96D
74 10234
102
85 104
65 90*2
9 6 34
96*2
1 0 4 34
103*4
108*4
93*4
1 0 0 % S ale 1 0 0 5a 1 0 0 7s 37 10 0 * 2 1 0 1
150 90*8 91
90*% 9 0 7s 90*2
91
90*2 J ’n e ’ Ol
111 M ay500
109
112 N o v ’ 01
118*2
2 117*2119*2
103 A p r ’ 97
128
128 F e b ’ 02
128*4129*2 129*2 129*2
128 128
5 127*2 129*2
118 120
102*2
118*2
100
N o v ’ 99
99 .............. 101 N o v ’ OJ
1 0 5 * 4 ............. 105*2 105*2
1 2 4 34 F e b ’ 02
125*2
1 2 4 5e F e b ’ 02
1 1 8 % .............. 118 J a n ’ 02
1 0 6 106*2 1 0 6
10734 . .
108
107
92%
95
93
109 109*4 109*4
119*2
119*2
106*4
108*4
A u g ’ 01
93
109*4
119*2
C!)ijo Rur iKr, Q c o n s o l 7 s __ 1903
D en v er D iv 4s
Illin o is D iv 3*os
. .. 1922
1949
Town I)iv sin k fund 5s
8 34 F e b ’ 02
96
96*4
9 6 * 2 F e b ’ 02
104
104*4
102 *2 F e b ’ 02
106
106*2
93
93*4
W arm S p r V a l 1st g 5s. 194 1
(J re e n b r ie r Jty 1st gu g 1s ’40
C h ic cfe A lt U R s fu n d 6 s .. 1903
R e fu n d in g g 3 s ................ 1949
R a ilw a y 1 st lien 3 -gs. . . 1950
106
93*2 Sale
1 1 4 34 ..............
1 0 9 . . . . . 108*4 D e C ’ Oi
9534 96*4
BONDS
N. Y . S T O C K E X C H A N G E
W kkk E n d in g M a p . m
C entral o f N J ( C o n tin u ed )
A m D o ck
Im p gu 5 s .. 1921
Le <V> ilu d It gen gu g 5s 1920
10','.., )0!P-h
l.rli
WilkM I; ( 'oal OH 1912
( :mi e x t g u a r 4 JyH
g 1910
N Y J. 1iOlig 19' gen g ■! s ! 94 1
i v i i l P a cilic Set} So I'acilie <.’0
4
1 10
( Jlftrles
Sav Jst g 7s.
1936
<'lies <k, O hio g 6s s cr A . . h i 90S
. . . . 108-4 108*4
G obi 6 s ....... ....................... alOJ 1
7 1 1 1 *o |) 3
1st co n so l g 5 h.................. 1939
1 l 1 1r/H 1 13
R e g is te r e d ......................1939
. . . . 189
G en eral g o ld 4 -gs............. 1992
130 7*
R e g is 0 -re d ...................... 1992
1 i 106*2 LO0 *2
C ra ig V a lley J st g 5 s . . . . 1940
. . . . . 106*4 106*4
R & A D iv 1 st con g 4 s . . 1989
95*2
lia r
98
to £ .
2 104*2 i0 5 *2
12 4 3s 1 2 4 34
1 2 4 58 1 2 4 34
118 118
4 105*4 i*06*i
4 10734 H I
3
93
94
J 106*2 109*4
4 119*2 121*2
110*2 11034 19 106*2 i 11*2
105*2 Sep ’ 01
80
78
7 8 34 35 7 6
78*4 Sale
33 Sale
32*2
33*2 153 32*2 36
18*2 2 1 34
♦18 .............. 19*4 M a r’ 02
9 1 34 9 3 38
9 3 3&F e b ’ 02
106 .............. 95 D e c ’ 99
*107 .............. 102 J ’ n e ’ 99
106 106
106 J a n ’ 02
104 .............. 103 Je J a n ’ 02
103*8 103*8
139
7 ‘i 132
139 Sale 1 3 7 34 139
4 [1 3 1 137*2
1377
* 1 3 6 * 2 ......... 137
1 1 0 34 Sale
Y e a r ly
PAUKH
T rice
F r id a y
M a r, 14
H igh
95*2 F e b ’ 02 ___ 9 4 34
fo u r m a r k s to 0 n e do
9 6 *2 F e b ’ 02
m
ices 0 n th e b
o f $5
104*2 J a ,n ’ 02
136% J ’ l y ’ 01
120 M a r ’ 00
9 5 % F e b ’ 02
95 F e b ’ 02
97*s
97*4
FO UR
and
W e e k ly
1919
N e b ra sk a E x te n s io n 4 s. 1927
R e g iste re d
1927
j-j
j-j
H id
114
W eek'8
R an ge or
Lust Sale
U
Ra/nge
S in ce
/ J a n u a ry 1
High No Lon) H ig h
F eb ’02 . . . . I J3% ! 1
A s k Low
......... 111
3
105
105
M-N i 0 l Lb'S
5
105
JV1 103 103 Jj 105
M-S . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I
J J 1 20
1 J4 '-d 1 1•> 1 J.» ,\l ;i t 02
4 -0
A-O 1 16 1,2 1J 7 2 117 iMar’ 02 . . . .
5
......... 12 l % 12 1 *s
IV1 N 121
12 1 J ’ n e’Ol
VI N
72
VI 8 107 Sale 1 0 1 '*8 I 08
VI s ................... 103 A p r ’ Ol •« J J 106 ......... 103 iN'ov’OO -- 105*2 10 1 h, F e b ’ 02 —
J A 101
10 1 *2 J)ee ’() 1
98
101
J A
VI- S 104 ......... 101 *4 A p r ’ 99 —
......................... . . . .
M-N
M-N 1 0 4 _____ 103% J a n ’ 02 . . . .
8
b7%
AO
8 7 's 8 7 L 87*8
AO
62
84
34
.J-J
84 *2 Sale
A-J
8
105%
.J-J 1 0 5 ^ Sale 105%
10 1% A p r ’ 00
FA
0
Sale 101
101
F-A 101
J J 1 0 2 * 4 ......... 102% M ar’ 02
J -J
1
A-O 116*4 Sale 11.6*4 116*4
A -O 106 ......... 106 F e b ’ 02 . . .
M-N I l l
112
111 '4 111*4 10
10 9 Jg A ug’0 1
M-N
M-S
99 .......... 100% J ’ n e ’ Ol
J o in t b o n d s See G re a t N o rth
D e b e n tu re 5s
- 1913 M-N
H a n <fe St J o s con sol 6 s .. 1911 M-S
C h ic & E 111 1 st s f c u r 6s 1 907 J -D
A-O
G en era l co n so l 1st 5 s ___ 1937 M - N
M-N
J-J
C h ica g o cfe E r ie See E rie
C h ic I n & L o u is v r e f 6 s .. .1947 J -J
R e fu n d in g g o ld 5 s __ . 1947 J -J
L o u is v N A cfe C h 1 s t 6 s .1910 J -J
C h ic M il cfe S t P a u l co n 7s 1905 J -J
T e rm in a l g o ld 5 s ............. 1914 J -J
G en era l g 4 s se rie s A ..e l 9 8 9 J -J
O -J
G e n e r a lg 3*2S series B_<?1989 J - J
J -J
C h ic cfe L S u D iv g 5 s ___ 1921 J -J
C h ic cfe M o R iv D iv 5s
1926 J ^J
C h ic cfe P a c D iv 6s
1910 ,1 - J
C h ic cfe P W 1 st g 5 s ........1921 J-J
D a k cfe G t So e- 5s
1 91 6 J - J
F ar cfe Son assn g‘ 6s
1924 J-J
H a s t cfe D D iv 1 st 7 s ........1910 J -J
1 st o s . . . .
. . 1910 J - J
T cfe D E x te n 1 st 7s
1 908 J - J
L a C rosse cfe D 1 st 5s
1919 J -J
M in e ra l P o in t D iv 5s
1910 J -J
So M in n D iv 1 st 6 s ..........1910 J -J
S o u th w e st D iy 1 st 6 s ___ 1909 J -J
W ia cfe M in n D iv g 5s
1921 J - J
M il cfe N o 1 st M L 6 s . . .11910 J - D
1 st c o n s o l 6 s ...................1913 J -D
Ohieae-o cfe N o r th w e s te r n
C o n so lid a te d 7 s ___ __ 1915 Q - F '
G old 7s
1902 J - D
R e g iste r e d
1902 J - D
E x te n s io n 4s
1886-1926 F -A
R e g iste re d
1 886-1 926 F -A
G en era l g o ld 3*os_____ 1987 M - N
R e g iste re d
p i 987 Q -F
S in k in g fu n d 6s. ..1 8 7 9 -1 9 2 9 A -O
R e g is te r e d
1 879-1 9^9 A -O
S in k in g fu n d 5s
1879-19*^9 A -O
R e g iste r e d
1879-1 929 A -O
D e b e n tu r e 5 s .................. 1909 M-N
R e g is te r e d
..
1909 M-N
D e b e n tu r e 5s
1921 A-O
R e g is te r e d
1921 A-O
S in k in g fu n d d e b 5s
1933 M-N
R e g is te r e d
1933 M-N
D e s M o cfe Mvhn 1 st 7 s 1 907 F-A
M ilw cfe M a d ison 1 st 6s 1905 M - S
N o r th Illin o is 1 st 5 s _____1910 M-S
O tt C F <fe St P a u l 1 st 5s 1909 M-S
W in o n a cfe S t P e t 2 d 7 s .. 1907 M - N
M il L S cfe W e s t 1st g 6s 1921 M-N
E x t <fe Im p s fu n d g 5s 1929 F-A
A sh la n d l i i v 1 st g 'h s .. 1925 M-S
M ic h D iv 1 st g 6s .
1924 J -J
C o n v e r tib le d e b 5s
1907 F -A
In c o m e s
_
..
.1 9 1 1 M-N
C h ic R o c k Xsl & P ac 6 s . .. 1917 J -J
R e g is t e r e d ...................... 1917 J -J
G e n e ra l g old 4 s .................1988 J -J
R e g is te r e d ...................... 1988 J -J
D e s M cfe F t D 1 st 4 s . . . 1905 J -J
1 st 2*2 s ............................. 1905 J -J
E x te n s io n 4 s .................1905 J-J
K e o k cfe D es M 1 st 5 s ___ 1923 A-O
Chic<fe S t L See A1 chTcfe S a F e
CliiO St L cfe N 0 See 111 C en t
C h ic St L cfe P itts /SeePenn Co
C h ic S t P M <fe O co n 6 s . . . 1930 J -D
Ch S t P cfe M in n 1 st g 6s 1918 M-N
N o r W isco n sin 1 st 6 s . . . 1930 J -J
St P cfe S C ity 1st g 6 S ...1 9 1 9 A-O
C h ica g o T e r T ra n s g 4 s . . . 1947 J -J
C h ic cfe W e s t in d g en g 6s r/1932 Q-M
C h ic cfe W e s t M ich R y 5 s .11921 J -D
109*2 110
118% 119
1 1 2 * 2 .........
140 '•>
1 2 4 * 2 .........
123 *->
I 05
10 it
J02
10 ./
...... ......
..........
j l 8 *2 I 1./
J l 6"i 1 17
I 20 % 12 L*8
i b o % i 10 *4
......... . . . . . .
* - - - *•
10/
i0 4
......
......
103*4 103%
87 % 88
34
104% 10 5 %
i 06 % 103%
102%
10 2
110*4 1 16*4
106
111
109*2 109% 12 109
5 119
119
119
112 *2 M a r’ 02 . . . . 11 2 %
138*o D e c ’ 01
3 122%
124*2 125
115 A u g ’ OO
1 2 2 % D e c ’ 01
3
129
129 Sale 129
10
115
1 1 3 * 4 ......... 115
113% 115*4 113% M a r ’ 02 . . . .
184 F e b ’ 02
....... 113*4 F e b ’ 02 _____
2
il 4 * 2 Sale 114*4 114%
105 *2 F e b ’ 9 s
..............
104% J a n ’ 02
126
113
113%
182%
112
110%
1 1 9 * 4 ......... 118% N o v ’ 01
123 F e b ’ 02
116*4 M a r’ 02
120% 3 1
120*2 Sale 120
F e b ’ 02
115
.............. 115
135 ......... 137*2 J ’ ly ’99
122% F e b ’0 ‘2 . . . .
122*4 127
1 0 8 * 2 ......... 108% J a n ’ 02 . . . .
182*2 J a n ’ 02
117% O ct 50 i —
117%
109 ......... 109% F e b ’ 02
116 _____ 116 M a r ’ 02 . . . .
M a r ’ 02
1 1 4 7s _______ H 5
1 1 8 % .............. 116*8 J a n *02 . . . .
1 1 6 * 4 .............. 116% M a r’ 02
121 ......... 120% F e b ’ 02 ___
.........
118%
114%
111 6%
112*4
1 3 7 % ......... 139 *s F e b ’ 02
103% J an ’ 02
103% . .
102 ~ D e c ’ 0.1
109 D e c ’ 01
107
107 M a r’ 00
106
111 O c t ’01
103 N o v ’ 98
118 M a r’ 02
118 120
111 Oct, *00
iio .... 109% F e b ’ 02
107% M a y ’ 01
1 0 9 * 2 ......... 109*2 109%
......... 1 1 0
L08 O ct ’ 01
117 ........ 115 J a n ’ 02
1 1 6 * 2 ............. 114 O ct ’ 01
122
122 124*2 122
123 M ay’ 01
106
111%
110
122
112 %
125
129%
115
113%
186
113*4
114%
104% 104 %
423
116%
120%
115
122% 1 2 2 %
108% 1 0 8 %
182% 1 8 2 %
1
109%
114
113%
116%
115
120%
109%
116
115
116 %
116%
120%
1 3 8 % 141
103% 103'%
|_____ •‘
....
115
11.8
109%
....
2 108*4 1 0 9 %
115
115
4 121% 122
li3
J a n ’ 01
109% M a r ’ 02 . . . .
110*4 A u g ’ 01
1
119% 119%
1 3 7 % F e b ’ 02
1 2 6 % 126% ~o
142% F e b ’ 02 . . . .
139% J an ’ 02
107 % F e b ’ 01
113 A p r ’ Ol
5
131%
130*2131 *2 131
130*6 131 1 2 9 % 129*4 15
112% 547
112 % S ale 111
109 J a n ’ 02
9 8 * 2 ......... 9 9 % F e b ’ 01
86*4 A n g ’ OO
97 D e c ’ 00
Ill
......... 110% J a n ’ 02
i0 6 * 2 ..............
108% 110
1 0 8 % ..............
1 1 9 % ............
1 3 6 % .........
1 2 5 % .........
138*2.........
1 3 8 % .........
1 0 5 % .........
140% Sale
141 ..............
1 3 8 * 2 ..............
1 3 0 % ..............
« 9 Sale
116
34%
1 0 9 % 109 %t
119%
137%
126%
142*4
139%
119'%
137%
128%
142%
139%
128
129*4
105*4
109
131%
129*4
112%
109
110%..110%»
55 139% 1 4 !
140% 141
140% F e b ’ 02
140 •140^.
140 M a r’ 01
2 129% 130 %
130% 130%
87 % 90
140 S6
90
119*4 N o v ’ 01
100 O ct ’ 99
M IS C E IX A N E O U S BO ND S—Continued on Next Page.
S tr e e t R a ilw a y
Brooklyn R ap T r g 5 s ........1945 A -O 108% Sale 1 0 8 % 108%
7 107 108%
Atl Av Bklyn imp g 6a.. 191-54 J -J
110 J a n ’ 99
Bk City 1st con 5a.1916, J94 l J -J 1 1 2 i u ’ 1 1 2 % M a r’ 02
ii2 % ii2 %
Bk Q Co <fe Hcon gu g 58.1941 M-N 100 103 103 M a r’ 02 ..
LOO 103
Bklyn Vix El let g 4-58 .1 9 5 0 F-A 100% Sale 100% 100% 73 100% 102%
K in g s C o E l 1st g 4 s ___ 1949 F-A
90
92
90% 90 % 90 *e M a r ’ 02
N a ssau E le c g u g 4 s ___ J 95 J J -J
City & B k y Balt U tg 5a. 1922 J-D * ......... 1 0 1
Conn Ry <fe L 1st <fc ref g 4 %s ' 5 ! J -J
100% N o v ’ 01
9 8 100
Ben Con Tr Co 1st g 5s... 199:; A-O
95 J ’ n e ’ OO
Ben Tram Co con g Os.. 1910 J -J
xVTet Ry Co 1st gu g Os.. 191 1 J -J
Bet Cit St Ry 1st coo g 5s. 1905 J -J
103 N o v ’ OJ
.....................
Cr Rapids Ry Lstg5s...«J91o J -D
J -J
J09 M a r’ 98
M a rk e t Bt C R y 1 st g O s.. 1919 J -J ••rnmmrn
M e t Bt R y g e o coJ tr g 5s. 1997 F A
119 122
1 1 9 % 120
12 J F e b ’ 02
B way <fe 7 Hi A v i s t c g 5s 194 J -D M il)
I 18 % ! ! >n
122
1 18%. Jan ’ 02
....
* N o price Kriday;
latest pric e tills week .
a B o o Jan
d B oo Apr
S tre e t R a ilw a y
M e t St R y —( C o n tin u ed )
Col cfe 9th A v 1 st g u g 5s 1 993
L ex A v cfe P F 1s i g n g 5s 1.993
T h ird A v e R R con gu 4s 2000
T h ird A v e R y 1st g 5 s .. 1937
M et W S El (C h ic) 1st g 4 s. 1938
M il El li.ycfe \j 30-y r g 5s. 1926
M in n St lly 1st co n g 5 s .. 1919
SI, Paul C ity Cab con g 5 s 51937
G uaranteed g o ld 5 s ......... 1937
U nion E l (C h ic) I s t g 5 s ..1 9 4 5
W C h ic 8 t 4 0 -y r 1st c u r 5s. 1928
4 0 -y ea r c o n s o l gold 5 s . .. 1936
M-S
M-S
J -J
J -J
F-A
F-A
J -J
J .J
J -J
\ O
M-N
M-N
G un m id E le ctric, L ig h t
A tlanl a G L Co 1 st g 5 s . .. 1947 J -D
P om U G as tr c tfs s f g 5 m. 1,939 J-J
R klyn U G as 1st cun g 5 s . 19 0» M-N
r. Noe .day g Due.J’ no
h. Doc I ly
120% _____ 124% F e b ’ 02
124% 1 2 4 %
129 121
120 _____ 124 F e b ’ 02
101 % 311 99 '4 101
101*4 Sale 101
124 ......... 125
125
1 1 23 125
101 103
M a r’ 02
101
106
1 10 A p r ’ Ol
109%
1 1 2 % .... .. . 114% N o v ’ 01
.........
—V——
•“
" 109 >.> D e c ’ 99
....
i 17
k Duo Aug
91
.......... 118
p Duo Nov
'QO ct ’ 98
1u % a
gUu* Bos
ii 17
no
sO p tion sale
Bond Record—Continued—Page 2
566
HO.N l ) s
Y S T JCK E X C H A N G E
W &£h. KNOLNU M jJ i. 14
-5 1
-^iS
C h oc o k A G g »n g da . . . o l 0 1 9
Ciii H A D con su l a f l a . . . 1 iJu5
2 d g old 4*
.. .. 1 0 3 7 J . j
C m D & 1 l o i au g * . 104i|MN
C I 8t L A (
Sd6 0 ( 0 A S i L
C in 8 A O
cd O C C it L
C lea rfield A M ail Sea B H A I
Cl*
le v elan d C m C lu e A S t l<uui>
U eu era i g 4 « ...................... 1993 j
C airo D iv l e t g o ld 4 s . . . . 1030 j
C m W A M D iv 1st g 4 s. 101)11J
S i 1 D iv 1st c o l tr g 4 a .. 10001VI
R e g is t e r e d ....................... 1990| \t
8 or A C ol D iv 1st g 4 a .. 1040 vi
W W V al D iv 1st g 4 a .. . 104o| j
C 1 S t L A O coiia oi 6 a .. 1020 M sT
1 st g o ld 4 a . . . . . . . . . . . . I c 1066
R e g is t e r e d ............... A.T936 g - F
C m s A 01 co n 1 at g 5 a .. 1028 j - j
C O C A 1 co a a o l 7 a . . . . . . 10 L4 J -D
C onsu l aink fu n d 7 a ___ 1014 J -D
G e n t m l Consol g o ld 6 a . 1054 J -J
R e g is te r e d ................ 1934
J -J
Inrt Hi A VV 1st p lo t 4a. 1010 A-O
O in d A VV 1st p f 6 a . . . 4 1 9 3 8 D- J
P e o A E a st 1st con 4 s . .. 1040 A-G
In co m e 4 a ............. . ........ 10001 A p r
Cl Dor A W li c o n la t g 6a. 1055 a -O
C le v A M a rietta See P e n n KU
C lev A M ah on Val g 5 a __ 19381 J
R e g is te r e d .
...............1 0 3 s
C le v A P itta See P en n Co
C ol M id lan d la t g 3 -4 a ___ 1047
1st g o ld 4 s .......................... 1047
C olora d o A 8011 la l g 4 a .. . 1020
C olu ai A G reen v See S o R y
C ol A H o c k Val s e e H o c k V al
C ol C on n A T e rm See N A W
C onn A Taa R iv s 1st g 4 s . 1043 A-O
ak A G t So See 0 M A St P
alias A W a co See M K A T
D e l H ack a W e ste rn 7 s . . . 1007 M-S
M o r n s A E ssex 1st 7 a ... 1914 M-N
i a t con su l g u a r 7 s . . . . . 1015 J -D
1
................... 1015 J -D
N V H ack A W 1st 6 s . . . 1021 J -J
C o n s tru ctio n 5 s ........... 1023 F A
T erm A i m p r o v e 4 s .., . 1923 M-N
S y r B in g A N V 1st 7 s .. 1906 A -O
W a rre n 1st ref g u g 3 % s .2 0 0 0 F -A
p e l A H u d 1 st Pa D iv 7 s. 1017 M-S
R e g is te r e d .......................1917 M -S
A lb A S us 1 st c o n g u 7 s. 1906 A O
K e g is te r e d .......................1906 A-O
G u a r g old 6 s ...................1906 A-O
K e g is te r e d ...................19061 A-O
B e n s A S a ra tog a 1st 7 s . 1921 M-N
R e g is t e r e d ...................... 1921 M-N
D e l R iv R ti B rid g e See P a R R i
D e n v A R G r 1st co n g 4 s . 1936' J J
C o n so l g old 4 % s ...............1936 J -J
I m p r o v e m e n t g o ld 5 s . ..1 9 2 8 J-D
R io G r S o g u See R io G r So
D e n A S W e s t g e n s t g 5s 1929 J-D
D e s M 01 A F t D See C R A I P
D e s M A M in n See C li A N W
D e s M o i U n R y 1 st g 5 s . .1 9 1 7 M-N
D e t M A T o l See L S A M So
D e t A M a ck 1st lie n g 4 s . 1995 J -D
G o ld 4 s ................................. 1995 J -D
D e t M A M Id g r in c o m e s ..1 9 1 1 A -O
D e t S o u 1st g 4 s .................1951 J -D
O h io S ou D iv 1 s t g 4 s . . . 1941 M-S
D u l A Iro n R a n g e 1 st 5 s .. 1937 A -O
R e g is t e r e d ...........................1937 A -O
2 d 6 s ...................................... 1916 J -J
D u l S o S h ore A A t l g 5 s .. 1937 J - J
ast o f M in n S ee St P M A M
ast T e n V a A G a See S o R y
E lg in J o l A E ast 1st g 5 s . 1941 M-N
E lm O ort A N o s e e L eh A N V
E r ie 1 st e x t g o ld 4 s .............. 1947 M-N
2d e x t g o ld 5 s ......................1919 M -S
3d e x t g o ld 4 ^ s ..................1923 M-S
4th e x t g o ld 5 s ....................1920 A -O
5th e x t g o ld 4 s ....................1928 J -D
1 st c o n s o l g old 7 s .............. 1920 M -S
1 st c o n s o l g fu n d 7 s........ 1920 M -S
E r ie 1 st co n g 4 s p r i o r .. 1996 J -J
R e g is t e r e d ....................... 1996 J -J
1st c o n s o l g en lien g 4 s . . 1996 J -J
R e g is t e r e d ....................... 19961 J -J
P e n n c o ll tr g 4 s .............. 1 9 5 1 ! F -A
B u ff N Y A E r ie 1 s t 7 s . . 1916 J -D
B u d A S W g o ld 6s ..........1908 J -J
S m a ll.................................. 1 9 0 8 J - J
C h ic A E r ie 1 st g o ld 5 s . . 1982 M-N
J e d R R 1 st g n g 5 s ___ a l9 0 9 A -O
L o n g D o c k c o n s o l g 6 s . . 1935 A -O
C oal A R R 1st c u r g u 6 s . 1922 M-N
D o c k A Im p 1 st c u r 6 s . . 1913 J -J
N Y A G reen L g u g 5 s. 1946 M-N
M id R R o f N J 1 st g 6 s . 1910 A-O
N Y S u s A W 1st r e f 5 s . 193 J -J
F -A
2 d g o ld 4 % s .....................193
G e n e ra l g o ld o s .............. 1940 F-A
T e rm in a l 1 st g o ld 5 s . . . 1943 M-N
R e g is 8 5 ,0 0 0 e a c h ... 1943 M-N
W ilk A E a 1st g u g 5 s . 1942 J -D
fi r ie A P itts See P e n n Co
E v a n s v ille A T e r r e H a u te
1 s t c o n s o l 6 s ....................... 1921 J-J
1 st g e n e ra l g old 5 s ..........1942 A-O
M t V e r n o n 1 st g o ld 6 s . . 1923 A-O
S uit Co B ra n ch 1 st g 5 s . 1930 A-O
E v A I n d 1 st co n g u g 6 s . . 1926 J-J
a rg o A S o See C h M A St P
lin t A P e r e M See P e r e M a r
P rice
P riita y
M a r 14
Hid
110
114
Weefc’ t
R a n g e or
Last S ate
1
<
R ange
S in ce
S 'aj
aq cc J a n u a r y J
A 8k Low
High. A o Low H ig h
......... L10% F e b ’ 02 . . . . 103 l l u %
l l 1 % D c o ’ Ol
L13 O ct *00
114*2 J an ’02
114 % i 14 %
10 -1 ......... 108% F e h ’ 02
102% 104
10 2
i 10 2
10 2
102
10 2
l o 1 Ha......... 10 1 Hi M a r ’02 . . . . 1 0 1 % 1 0 1 %
1 0 3 * * .......... 104
. . . . . . . . . . . . 09
100
83
M a r’ 02
103
Mtt>’99 . . . .
J ’ nc'O l . . . .
N o v ’ 99
104 *8 105°8 106
J a n *02
....
105
116 .......... 115% O ct ’ b l
1 2 8 % ........ 13 4 % J a n ’ 02
....
1 3 4 % l 3 4 'tf
135
106
......... 13 5% D e c ’ 01
.... ......
101 *2 Sale 10 ( 1% 1 0 1 %
mo *4 Sale
80
81
1 1 6 * 2 ......... 115 N o v ’ Ol
......
711 9 8 W 1 02
70 76
82%
.......... 127% J a n ’ 02 . . . . 127% 12 7 %
8 6 % Sale
86 H» Sale
94 % Sale
86%
86 %
86%
86%
94%
95
41
15
218
82
82%
91
87
86 %
95
D
1 1 7 % ..
120%
1 3 6 * 2 ......... 1 36 %
......... 137%
138
140
1.35 % . .
13 5 %
1 1 6 % ........ j 119%
1 0 3 * 2 1 0 5 % 104%
1 1 7 % ......... 117
J a n ’ 02
12 0 1 2 0 %
F e b ’ 02 . . . . 1 3 6 % 136%
F e h ’02 ___ 13 7 % 138
OCt ’Os
135% 13 133% 135%
J ’ ly ’ o l
3 103% 105%
104%
6 116% 117
117
i~43
......... 14 1% D ee '01
149 A n g’ 01
■k~5 H2 I I 6
115% F e b ’ 02 « « •• 1 1 5 % 1 1 6 %
122 J ’ n e ’OV)
i i i % ......... 1 1 0 % D e c ’ 01
111% F e h ’ 02 . . . . 1 1 1 % 1 1 1 %
is i
.......... 152 O ct ’ 01
151 J a n ’ 01
2 2 101 103
103
103
102% 103
1 1 0 % 1 1 1 % 111% J a n ’ 02 . . . . 1 1 1
112
112 M a r ’02 — 1 1 0 % 1 1 2
111* 2 112
•••••• ••••• ■ 88*2
••»••• •••••• 111
F la C en A P e n 1 s t g 6 s . . . 1918 j
1st lan d g r e x t g o ld 5 s ..l 9 3 0 [ J
C o n so l g o ld 5 s ...................1948
F o rt S t U 1) Co 1st g 4 Has. 1941
1 1 VV A D en C 1st g 6 s ___ 1921
Ft W A R io G r 1st g 3 4s. 1928
J i al lia r A S A See S o P a c Co
* *a l M A 11 o f 1882 1st 5s. 1913
G a A A la Ry 1 st c o n os. .o 1945
G a C ar A N o 1st g u g 5 s .. 1929
G e o r g ia P a cific See So R y
G ila V G A N o r See S o P ac Co
G o u v A O s w e g a t See N Y C ent
G ra n d R ap A In d See P en n Co
G r a y ’ s P t T e r m See S t L 8 W
G t N o r —C B A Q c o l l t r 4 s 1921 J - J
G r e e n b r ie r R y See d i e s A O
an A S t J o See C B A Q
o u s a to m o See N Y N H A H
H o c k V al 1 s t c o n s o l g 4 % s . 1999 J - J
R e g is t e r e d .......................... 1999 J -J
C ol A 11 V 1st e x t g 4 s . . 1948 A O
II ou st E A W T e x See S o P a c
K o n s t A T e x C en See So P a c Co
llin o is C e n tra l 1 st g 4 s . . 1951 J -J
R e g is t e r e d ...................... 1951 J -J
1 St g o Id 3 % s...................... 1951 J -J
R e g is te r e d ...................... 1951 J -J
l s l g o ld 3 s s t e r l in g ..........1951 M S
R e g is te r e d ...................... 1951 M-S
C oll T r u s t g o ld 4 s ........... 1952 A-O
R e g is te r e d .......................1952 A-O
L N O A T e x g old 4 s ___ 1953 M-N
R e g is t e r e d ...................... 1953 M-N
C airo B r id g e g old 4 s . . . . 1950 J D
L o u is v ille D iv g old 3 %a. 1953 J -J
R e g is te r e d ...................... 1958 J -J
M id la n d D iv r e g 5 s ..........1921 F A
St L o u is D iv g old 3 s ___ 1951 J -J
R e g is te r e d ...................... 1951 J -J
G old 3 % s .......................... 1951 J -J
R e g is te r e d ...................1951 J -J
S p r in g D iv 1st g 3 4 s . ..1 9 5 1 J -J
W e s te r n L in e s l s l g 4 s .. 1951 F-A
R e g is t e r e d ..................... 1951 F A
B e l le v A C ar l « i 6 s ........1923 J -1)
C a rb A S h aw 1st g 4 s . . . 1932 M-S
C h ic S t L A N O g o s . . . 1951 J-D
R e g is t e r e d .......................1951 J-D
G o ld 3 % s.......................... 1951 J-J)
R e g is te r e d ...................1951 J-D
M e m p li I)iv 1st g 4 s . . . 1951 J -D
R e g is t e r e d ...................1951 J -D
S t L S ou 1st g u g 4 s ___ 1931 M-S
Iild B l A VVest See C C C A St L
I n d D e c A W 1 st g 5 s ........1935 J -J
1 st g u a r g o ld 5 s ................. 1935 J-J
I n d 111 A l a 1 st g 4 s ..........1 950 J -J
I n t A G re a t N o r 1 st g 6 s . . 1919 M-N
2d g o ld 5 s ............................ 1909 M-S
3d g o ld 4 s ............................ 192] M-S
I o w a C e n tra l 1 st g o ld 5 s .. 193£ J -1)
R e fu n d in g g 4 s ..................1 9 5 lfM -S
J e ffe r so n R R See E r ie
al A A G R See L S A M S
k a n A M ic h See T o l A O C
K C F t S A M See S t L A S F
K C A M R A B 1 st g u g 5 s. 1929 A -O
K an C A P a c ilic s e e M K A T
K a n C ity S o u 1 st g o ld 3 s .. 1950 A-O
R e g is t e r e d .......................... 1950 A-O
K e n tu c k y C e n t See L A N
K e o k A D e s M o See C R I A P
K n o x v ille A O h io See So R y
a k e E r ie A W 1 st g o s . . 1937 J -J
2d g o ld 5 s ......................... 1941 J -J
N o r t h O h io 1 st g u g 5 s .. 1945 A -O
L S h o A M i eh S See N Y C ent
L e h ig h V a l (P a ) co l1 g o s . 199 M-N
R e g is te r e d 5 s ......................1997 M-N
L eh V a l N Y 1 st g u g 4 % s .1940 J -J
R e g is t e r e d ....................... .1 9 4 0 J -J
L eh V T e r R y 1st g u g 5 s .1941 A-O
R e g is t e r e d ........................... 1941 A-O
L eh V C oal C o 1 st g u g 5 s . 1933 J-J
R e g is t e r e d ........................... 1933 J -J
L e h A N Y 1 s t g u a r g 4 s . . 1945 M-S
R e g is t e r e d ........................... 1945 M-S
E l C A N 1 st g 1 st p f 6 s .1914 A-O
G o ld g u a r 5 s ....................1914 A-O
L eh A H u d R See C ent o f N J
L eh A W ilk e s b See C en t o f N J
L e r o y A C a n e y V a l Nee M o P
L o n g D o c k See E rie
L o n g Is la n d 1 st co n g o s . / i l 9 3 1 Q -J
1 s t c o n s o l g o ld 4 s ..........7il931 Q-J
G e n e ra l g o ld 4 s ..................1938 J -D
F e r r y g o ld 4 % s ..................1922 M-S
G o ld 4 s ............................. ...1 9 3 2 J -D
U n ifie d g o ld 4 s ..................1949 M-S
D e b e n tu r e g o ld 5 s ............ 1934 J -D
B k ly n A M o n t 1st g 6 s . .1 9 1 1 M-S
1 s t 5 s .................................. 1911 M-S
N Y B A M B 1st c o n g 5s 1935 A-O
N Y A R B 1 st g 5 s . .. .. 1 9 2 7 M-S
N o r S liB 1st co n g g u 5 s o l 9 3 Q-J
L o u is v A N a s h v g e n g 6 s .1930 J -D
G o ld 5 s .................................. 1937 M-N
U n ifie d g o ld 4 s ..................1940 J -J
R e g is t e r e d ....................... 1940 J -J
C oll tr u s t g o ld 5 s .............. 1931 M-N
C o ll tr u s t 5-2 0 g 4 s. 1903-1918 A-O
C ecilia n B ra n ch 7 s ..........1907 M-S
E H A N a s h 1st g 6 s . . . . 1919 J -D
L Ciu A L e x g o ld 4 % s .. .1931 M-N
N O A M 1st g o ld 6 s . . . .1 9 3 0 J -J
N O A M 2d g o ld 6 s ........1930 J -J
P e n s a c o la D iv g o ld 6 s . . . 1920 M-S
2
88%
8 8 % 90
F e b ’ 01 —
••••••
........ 102 J ’ l y ’ 01
92Ha......... 92 *2 Jan ’ 02
92% 92%
6 0 % Sale
50
61 % *36 30
54
8 6 % Sale
86%
8 6 % 42 8 4 % 8 6 %
93%
9 3 % 65 9 3
.......... 95
95%
..........1 16
115 M a r ’ 02 — 1 1 3 % 1 1 5
10 1
I
L
114
F e h ’ 02 —
111
114
115
F e h ’ 02 . . . . 116
115
115%
122
115
121%
109%
138
139
99
99
87%
115% 115%
J a n ’ 02
J a n ’ 02 •••. 1 2 1
12 2
115 __ o 115 115
J a n ’ 02 .... 1 2 1
12 1%
J a n ’ 02 . . . . 10 8 % 109%
M a r ’ 02 . ^. . 138 142
F e h ’ 02
139 139
99 % 63 9 8 % 100
A u g ’ 01
87 % 7 4 8 7 % 90
E
..........1 2 0
1 1 9 % .........
1 1 5 Sale
1 2 2 % .........
1 0 9 % .........
138 140
135*2 139
9 9 % S ale
8 7 % S ale
15 93 % 9 5 %
9 3 % Sale
93%
94
133 .......... 133 J a n ’ 02 — 133 133
1 2 4 .........
1 0 6 S ale
1 3 5 * 2 ..........
113 ..........
1 1 6 % ..........
125
106
137
Mar* 02
106
N o v ’ Ol
8° 12 3 % 1.25
1 106 1 0 6
1 1 8 % A u g ’ 01
109 O c t ’ 98
117
118
3 115% 118
118 M a r ’ 02 . . . . 115% 118
117 S ale
..........117%
10 2
......... 1 0 2
n o
..........I l l
1 1 6 * 2 ......... 116
10 2
110 %
J a n ’ 02
2 10 2
10 2
4 109
116
11 0 %
116
1 1 4 % 115% 1 1 4 % F e b ’ 02
1 1 2 % 11 4 %
1 2 2 % .......... 1 2 3 % J a n ’ 02
1 2 3 % 12 3 %
108% 1 1 1 %
Ill
119,
.......... 111% M a r’ 02
10 1
..........
,
114
n o
P r ic e
P r id a y
M a r. 14
W eek's
K a n g s or
L a st Sate
Hid
Ash' L ow
105 Hi......... 10 0
103 Hi.........
3
So
HighlK'O L ow
S ep 0 0 ___
106 % ......... I on Hi F e b ’02
105 M u r’98
113% Balo 113
113*4
.......... 90
89
89H j
1104, . . . .
H O ? * ....
K angs
S in ce
J a n u a ry 1
106K lOOHa
15
106*4 Jim ’ 02
98*2 N o v ’ OO
1 0 9 *2 J a n ’02
96*4 Sale
95%
96
log'** Sale
108%
108*4
105
104
1 1 5 ^ ...,
113 . . . .
103*4 . . . .
116 F e h ’ 02
113 Ha M a r’ OO
105% F e b ’ 02
102H» A p r ’98
1 07
107
105
106*4
102
105
98
H ig h
106
88
114*4
80 Hi
103
106*4
109 *2 109 Ha
770
95 Ha 97
H
104*2 N o v ’0 1
127
104
BONDS
N. Y. STOCK E X C H A N G E
W e e k E n d in g M a r . 14
[Vol. l x x iv .
, 1TT
A u g ’ 01
F
112 Hi......
101
J 02
120
90
i o f ’ io i%
1L3%
O ct ’01
O c t ’ 01
101
M a r ’ 02
113 Ha 114*-i
129 H> 3 3 0 ”
101
105*8 M a r’ 02
1 04 Ha
105*8 105*8
102 Ha......
100 J a n ’ 02
1 2 5 * 4 ........ 125*4 125*4
301
99 Ha......... 101
78 Ha F e b *02
.......... 80
117*8 117*2
117 Ha 119
97
97
97 Sale
73*8 Sale
106*’
lOOHa 101*8
101 *4 A u g ’ 01
101 *8 O ct ’ 99
100 N o v ’ OO
113 Ha F e b '02
106
........
........
105
M ay’ 99
105"
107
107
105 Ha 106*4
90*4 A p r ’ 01
’ 98 Ha
12 9 Ha
116
105*8 105*8
J a n ’ 02
O c t ’ 01
F e b ’ 02
J a n ’ 00
124 M a y ’ 01
90 N o v ’ 98
130 F e b ’ 02
124 S ep ’ 01
101 *4 O ct ’ 01
i.26*"
115
lOOHaFeb’ 02
128
..........
107*4 109 *2
6
10
17
17
73*4
73% 244
63*4 O ct ’ 00
100
123
100*2
75
116*4
95
71*4
100
126
103
SO
117 Ha
97
74
12 1 * 2
121 HaF e h ’ 02
117*8 F e b ’ 02
113 J a n ’ 02
120*4 121Ha
116 117*8
113 113
1 1 0 % ....
HOHa Feh’02
109
*117
115
io 9 “’ iio * i
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110 M a r’ 02
108*4 N o v ’ 01
119*4 120*4 120*4 120*4
109 Hi O ct ’ 99
109 J ’ n e ’ 01
ib s % ” !
" 96** " I
97
110*2
*118*4 3-20%
N o v ’ 01
101 % Sep ’ 99
120
122
103
lOOHalOl
110
....
1 1 3 *2 1 1 7
107*2108*4
..........117*2
110
....
112*4 . . . .
319*4 1 2 0
116 . . . .
102*4 102*2
114
101*8
114
113
130
........
........
........
123 Ha......
........ 120
121*2 122
F e h ’ 02
102
103
103
104 F e h ’ 02
100 O ct ’ 00
lOOHa lOOHa
111 J a n ’ 02
104
99
111
103*2
104
102
111
109Ha J ’ n e ’ 01
112
112 1 1 8
112
112 HaJ a n ’ 02
112 Ha112*a
114*4 114Ha
114 Ha J a n ’ 02
119*4 M a r ’ 02
118*4 120
116 1 16
116 M a r ’ 02
101 %
102 *2 IS lOOHa 102*2
100 100
100 J a n ’ 02
115 115
115 F e h ’ 02
101*8 101% " i 100*4 101*3
106 D e c ’ 00
114 Ha M a r’ 02
114*2114*2
103 J a n ’ 98
130 *2 F e b ’ 0
128Ha 130Ha
122 HaJ a n ’ 02
122 122*2
115 1 15
115 F e h ’ 02
M IS C E L L A N E O U S B O N D S—Continued on Next P age.
G a s a n d E l e c t r i c L ig h t
O h G L A C C o See P G A C Co!
C o lu m b u s G as 1 s t g 5 s ___ 1932
C o n n R y A L See S tre e t R y
C o n G as Co See P G A C Co
D e t r o it C ity G as g 5 s ......... 1923
D e t G as Co c o n 1 st g ^ 5 s ...l9 1 S
E d E l U l B k n See K Co E L A P
E d E 111 See N Y G A E L H A P
E q G L N Y 1st c o n g 5 s . .1 9 3 2
E q G A F u e l See P G A C Co
G a s A E le c B e r g Co c g 5 s . 1949
G r R a p G L C o 1 st g 6 s . . . 1915
K C M o G as C o 1 st g a s . . . 1922
K in g s Co K I L & P g 6 s . . . 1937
P u r c h a s e m o n e y 6 s ......... 1997
E d E l 11 B k n l s t c o n g 4 s 1939
L a c G a s L o f S t L 1st g 5 s .e l 9 1 9
M u t F u e l G as C o See P e o p G as
J -J
J -J
F -A
95
M-S
117
J -D
F-A
A-O
A -O
A -O
J -J
Q -F
101
96
105
92Ha 96
96
O ct ’ 01
llSH a O c t »01
61*2 O ct ’ 01
107*4 D e c ’ 00
124
97
108
........
98
S ale
121 *2 D e o ’ 01
9S M a r ’ 02
107Ha 108
* N o price Friday; latest bid and asked this week,
97
98
11 107H aU 0
a Due Jan
d Duo A pr
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 1 948
N Y G E L H A P g 5 s . . .1 9 4 8
P u rch a se m o n e y g 4 s . .. 1949
E d E l 111 1 st c o n v g 5 s . . 1910
1 st c o n so l g o ld 5 s ......... 1995
N Y A QE1 L A P 1st co n g 5 s l9 3 0
P a te r so n A P G A E g 5s. 1949
P e o G as A C 1 st g u g 6 s .. 1904
2d g u a r g o ld 6 s ..................1904
1st con g o ld 6 s ....................1943
R e fu n d in g g old 5 s ........... 1947
Ch G -L A C k e 1st g u g 5s 1937
C on G C o o f C h 1st gu g 5 s .’ 36
E q G A F Ch 1st g u g 6 8 .1 9 0 5
M u F u el G as 1st g u g 5s. 1947
T r e n to n G A E l 1st g 5 s .. 1 949
U tioa K L A 1* 1st s i g 5 8 .1 9 6 0
W e s te r n G a s Co c o l tr g 5s 1933
e Duo Muy
A D u e J ’ly
k Due Aug
105*4 106*2
14 112*2 116
115H j 116
116
116
96 Hi Sale
96*8
9 6 7s 34 96*4 OSHa
106*a Sale 106*2 106*2 16 106*2 109
121 ........ 121 *2 A p r ’ 01
105*2105-8 105 M a r’ 02 ...I 104*2 10"
103
103
122
123
109
108
104
......
105
. . 106
106 107
107 J ’ l v ’ OO
103 J a n *02j
122H) 122*2
106
D eo '9 8
109 J a n '02
1 0 8 >8 F e b ’ 02
101*4
105
109
104*4
J a n ‘ 02
F o b ’ 01
103
121
103
126
109 109*2
108*8 109
1102 K* lO i V
105 105
107 *2 Jan ‘01
o Due Oct
q Due Deo
s Option .sale
Bond Record— Continued—
March 15, 1902.J
BONDS
tt .2
N . Y. S T O C K E X. 0 11 A N O E
WICKK E nd INO M AIS. 14
J'rlce
F rid a y
Mar. 14
W eek '8
Kanf/o or
Last S ate
K an jo
Since
Cq00 J a n u a ry 7
High A’o Low H igh
Ii id
A sh Low
Louisv Aj Nasliv—( Continued)
127 127%
St L Div 1st gold Ins....... 1921 M-S 1 23 % ......... 127% F e b ’02
73 4* A.ug’01
2 d gold 8m................. ■-IPSO M-S
113 N o v ’ 90
Header Beige 1st si' g 6s . 1031 M-S
99 100 %
Kentucky Cent gold 4 h. . IOS 1 .1 - J 100 ........ 100*4 M ar’ 02
I 10% 1 10%
L<& N db M A M 1Mt g 4 %h1045 M-S 109 ......... 1101, Jan ’ 02
112 I I4 7m
N Fla & S 1st gu g 5 m. . . 1027 F-A 1 1 4 % ......... 114‘h F ob *02
112 1 12 *h
Pons & Al l 1st gu g 6 m . . 102 1 E-A 1 12 It 114 112*8 Mar*02
S 4b N Ala oon gu g 5 m.. 1080 F-A 1131 a ....... . 115 D eo ’ 01
Sink fund gold 6s .........1010 A-0
ib ‘6 M a r’ Ol"
L «fc J ell Bdgo Co gu g 4s .. 1045 M-S
L N A i f e Cli See C 1 <& L
M ahon Coal Stee L S So M S
107% 35 105% 107 *e
anhattan lty oohmo14s . 1090 A-O 107 107*8 107
1051.1 May’01
Registered.................. 1000 A O
*4 1 1 3 “ 1 V i ''
114
114
Motropol El 1st g Os— 1008 J - J 113 4s 115
Man 8 W Colour/ g 5s ---- 1081 J D
M cK ’p tA B V See N Y Cent
Metropolitan El See Man Ry
83 Sale
83 1.12 82
83 *
824a
Mex Cent consol gold 4s .. 1011 J -J
3 3 7p Sale
34*4 3428 30*8 3 4 %
3 1 34
1 st consol income g 2 s.rrl020 J’ly
535 21
23
24
24
23 4a Sale
2 d consol income g 8s ..ft l039 •Ely
Equip & coll gold 5 m....... 1017 A-O
2d series gold 5s ...........1010 A -O
9 0 % J ’ l y ’ 01
Mex Internal 1st con g 4s. 1077 M -S
101 F e b ’ 02
100%101
Mex N at 1st 0s otfs dep,.1027
100 ........ 9934 D e c *01
Ctfs of dep 2d ino 0s A . h 1017
5 35
38 .......
39
39
31
Ctfs of dep 2d ine Os B .M 017
Prior lien 4 1*2S (w i)....... 1020 A-O 102 **2 Sale 102*3 102 34 50 102*8102^4
8 0 78 8142 732 8Q38 8 1 *
8 1 14 Sale
1st consol 4s (w i) ...........1051 A-O
Mex North 1 st gold 0s___ 1010 J-D 100 ....... 105 M a y ’00
Mich Cent See N Y Cent
Mid of N J See Erie
M i l L S & W See Chic <fc N W
Mil & Mad See Chic <fc N W
Mil & North See Cli M & St P
14742 fa n ’02
147*3147 %
Minn & St L 1st gold 7s .. 1927 J -D 147*8 . . .
119% 119%
Iowa Ex 1 st gold 7s ....... 1009 J -D 119*4......... 119*4 Jan’ 02
127 12734
Pacific Ex 1st.gold 6s . . . 1921 A-O 12834 ......... 12734 F eb’ 02
121 121
South W est Ex l s t g 78.1910 J-D 1 2 2 4 a .......... 121 Ja n ’02
1 120 % 122 %
1st consol gold 5s ............. 1934 M-N 1 2 2 4 a ......... 122*4 122*4
1st and refund gold 4s . .1949 M-S *103*8........ 10334 10334 10 103% 106
Minn <fc St L gu See B C R & N
M & P 1st 5s stpd 4s int gu 1936 J -J
103 Nov’01
M S S M & A 1st g 4 int gu 1926 J - J
95 .......... 9 8 A p r ’ 01
M StP & S S M con g 4 int gu ’ 38 J - J
Minn Un See St P M <fcM
27 98 100
9934 100
9934 10 0
Mo Kan & Tex 1st g 4s ... 1990 J -D
G 81*3 84
82 Sale
8142
83
2d gold 4 s.........................f/1990 F -A
.......106^4 1 0 6
1 0 6 7s 43 103 106*8
1st ext gold 5s .................. 1944 M-N
St L Div 1st ref g 4s . ...2 0 0 1 A-O
106*4 Mar’02
102 106%
Dal & W a 1st gu g 5s. . . 1940 M-N 102*2
89
90*3
90*3
94
Kan C & Pac 1st g 4s. ..1 9 9 0 M -S
9 0 % 92
104*3
Mar’
02
M K & T o f T 1s t g u g 5s. 1942 J-D
104*2 10738
105
*3
J
an
’
02
101% 105 %
Sher Sh So So 1st gu g 5s. 1943 F-A *102*3.........
Tebocfe Neosho 1st 7s . . .1003 J -D
112
F
e
b
’
02
M o K & E 1st gu g 5s ....... 1942 A-O
111 112
Missouri Pacific 3d 7s....... 1906 M-N 11334......... 1 1 3 34 M a r ’ 02
113*4 114*4
1
1
124
34
.......
124*3
124?4
1st consol gold 6s ............. 1920 M-N
12 3 % 12.4*4
16 1 0 6 34 109%
Trust gold 5s stamped.a l 917 M-S 1 0 6 78 Sale 1 0 6 78 107
Registered.................. a l 917 M-S
106 IO834
1st coll gold 5s .................. 1920 F-A 107 108 107 Mar'02
93%
93*3 Sale 93*3
Cent Br R y 1st gu g 4s . 1919 F -A
91% 94%
100 May’ 01
Leroy So C V A L 1st g 5s 1926 J-J
1043a
105 F eb’ 02
Pac R of Mo 1st ex g 4s. 1938 F-A
105 107%
114 Jan’ 02
2d extended gold 5s ... 1938 J -J 113
114 114
118*4 Mar’02
St L Ir M& Sgen con g 5s l 931 A-O 118*3
117% 1 1 8 %
Gen con stamp gtd g 5s 1931 A-O
1154aD ec’ 01
40
Unified So ref gold 4s . .1929 J -J
94 Sale
94
94*3
92*3 94*3
Verdi V I & W 1st g 5s. 1926 M -S 102*4....... .
Miss Riv Bridge See Chic So Alt
Mob So Birin prior lien g 5s 1945 J -J 112 . . . . . . 110*4 JTy ’ 00
Mortgage gold 4s............. 1945 J - J
86 ........
Mob Jack So K C 1st g 5s . 1946 J-D
90
95
Mob So Ohio new gold 6s .. 1927 J-D 13034 131*4 131*4 Mar’02
130 131*4
1st extension gold 6s . . 7i l 927 Q -J 126 ......... 127 F eb’ 02
127 128%
98 F eb’ 02
General gold 4s ................ 1938 M -S
98 100
98
98
114 F eb’ 02
Montgom Div 1st g 5s .. 1947 F -A ......... 116
114 116%
99 Oct ’ 01
St L So Cairo gu g 4s ___1931 J -J
93*3 95
Collateral g 4s............ e l930 Q-F 10 0 **......... 95*4 Nov’ 01
M So O coll 48 See Southern
Mohawk <fc Mai S e e N Y C & H
Monongahela Riv See B <fe O
Mont Cent See St P M & M
Morgan’s La So T See S P Co
Morris So Essex See Del L So W
126% 127
N ash Chat <& St L 1st 7s . 1913 J - J 126*8 128 126*4 Mar’ 02
1st consol gold 5s ......... 1928 A-O 115*411534 116
116
114 116
Jasper Branch 1st g 6s . .1923 J -J 122 ........ 113 D ec’99
McM M W & A i 1st 6s. .1917 J -J 114*3.........
T So P Branch 1st 6s___ 1917 J -J
111 D ec’99
Nash Elor So Shef See L So N
New H <fc D See N Y N H <fc H
N J June RR See N Y Cent
New <fe Cin Bdge See Penn Co
N O So N E prior lien g 6s p 1915 A -O
N Y Bkln So Man Bch See L I
N Y Cent<fe 11 R 1st 7s. ..1 9 03 J -J 10334. . . .
103*8 Feb ’02 8 3 1 0 3 % 103*8
Registered..................... 1903 J -J 10334 . _ .
103*8103%
103*4 F eb ’02
Gold mortgage 3 %s..........1997 J -J 108 108*3 109 F eb ’02
108 109
Registered......................1997 J -J
109 109
109 Jan ’ 02
Debenture 5s of. . . 1884-1904 M-S 102 103 104 Ja n ’02
103*8 104
Registered.......... 1884-1904 M -S
1 0 3 % 10334
103 *3 Jan’ 02
Regist deb 5s o f... 1889-1904 M -S
109 *3 Sep ’ 97
Debenture g 4s . . . . 1890-1905 J -D 101*8 ...... 103 *8A p r’ 01
Registered...........1890-1905 J -D 10 1 ....... 100*4 Jan ’02
100 % 100 %
Debt certs ext g 4s.........1905 M-N 10130....... 101 *4 Mar’02
1 0 0 % 101 %
Registered..................... 1905 M-N 1 0 1 ....... 100*8 Nov’01
Lake Shore coll g 3 % s... 1998 F-A
79 9 5 % 98
9 6 * 3 96
95*3
96
Registered..................... 1998 F-A
94*4
94*4 10 9 3 % 96%
Mich Cent coli g 3 %s..,..1998 F-A
5 9 4% 97*8
95
94*3
94*4
Registered..................... 1993 F-A
93
96
9 3 % F eb ’02
Beech Creek 1st gu g 4s. 1936 J -J 10934
111% S ep’ 01
Registered..................... 1936 J -J
106 J’ne'98
2d gu gold 5s ................ 1936 J -J i l 7 *‘
Cart <fc Ad 1 st gn g 4s . .. 1981 J-D
Clearfield Bitum Coal Corn—
1st s 1 int gu g 4s ser A 1940 J -J
92 4aDec *01
Gouv<fe O sw elstgugD s 1942 J -D
507
8
Page
BONDS
Price
Week's
N . Y. S T O C K E X C H A N G E
hr ida if
/Hinge or
YVl Ui . l '
E N D IN '.
M
A If.
Mar. / t
M
haul Sale
_ ,
Kan go
Since
/ ./anua rn /
Hi gh A 0 Lorn Hi g h
Kill,
A oh Lna)
N Y Ce.nl A. II R ( Continued >
...... ......
M oll & M ai 1st p u g 4 b . -1 9 9 ) M S 105 ......... 1 07 % J ’ ly ’00
1n oom o 5 h........................ 1992 Hep . . . . . . . . . . . . 1 1Of, D c d ’ OJ ••»11 . . . . . . • . . . . .
N J J u n e K gu 1Ml) 4 h. . .19815 F-A . . . . . . . . . . . . 108 D e c ’ 01 ** '||- - - - - - - ........
...... ......
. . . . . . ....• .
R e g is te r e d ...................... '19H6 F A
.................... 105 % Nov 'O J . . . .
N Y So Pu JMl con gu g ir t 1993 A O
............ .........................
......... . . . . . .
N or So M on t Ifltg ll g 5 h. 19 16 A-O
16 112
11 3 %
L13
113
W e s t S h ore 1 s t 4 h g u . ..2361 J .1 i 13 1 i
57 ; 1 I 2 % 1 13
R egisl c r e d ...................... 2 3 6 1 J - .J * 1 12% 1 ) 3% 1 12*8 J13
1 07 ) 07*8
L a k e S h ore co n so l 2d 7s. 1903 .) D 1 6 7 % ....... 107% M ar’ 02
107% 2 0 i J0 7 ' j 107%
107 % ......... ]0 7 %
R e g is te r e d ...................... 1903 J -D
G old 3 %h...........................1997 J 1) * 1 0 8 % ......... 108 Fcl> ’02 . . . . 10W 109%
1 1 ()'•» Mai ’ OO
R e g is te r e d ................... 1997 1.1 >
114 F e b ’ 02 . . . . 114 114
Dot Mon So rPol lflt 7 h. 1906 F-A 1 J 8*4 115
........- . . . . . .
.........................
l<aA(fe G R lrttgu o 5s. 1938 J J
127 % F eb ’02 — 127 % 12 ? %
Malien O’ l RR 1st 5 h.. 1984 J - J
146;% A p r ’01
Pitts Mc K <V', Y 1rtt gu Oh . 1932 r . 1 i 4 0 %
2d gu a r 6 s ......................... 1934 i . .1 130
M c K e e s So B V 1 st g 6s 1918 T . 1 i 9 Affo
10 1% 10 2 %
M ic k C ent 1 st c o n s o l 7 s .1.902 M-N 1 0 2 * s ......... 102*8 F e b ’ 02
1st c o n s o l 5 b ................... 1902 M-N 1 0 1 * 8 .......... lO l^s F e b ’ 02 . . . . 1 0 1 % 1 0 1 %
...... ......
6 s ......................................... 1909 M-S 1 1 5 * 8 ......... 1 18% D e o ’01
152% 132%
......... .................................1931 M-S * 1 2 9 3s ......... 132 '*» F e b ’ 02
08.
R e g is te r e d ................... 1931 O-M * 1 2 6 % ......... 130 Jan ’ 0 - . . . . 130 130
JJO L e c ’ Oj
J- I
4s.
..................... 106% N o v ’ OO
J -J
R e g is te r e d ..................1
Bat O & Slur 1st gug 38.1.989 .T.n
M-N . . . . . . . . . . . . 115*8 M ay ’00
N Y So Harlem g 3 %s. . . 2000 M-N
R e g is te r e d ..................... 2 ........ M-N
N y & North 1st g 5s. ..1927 A O 121 123 121 % F e b ’ 02 . . . . 1 2 1 % 1 2 1 %
5 125% 127%
R W & O con 1st ext 5s. h i 922 A -O 127 128 127% 127%
Os wo <£5 R 2d gu g 5s. . . ^1915 F-A 1 1 1 * 4 ......... 113*4 J an ’ 02 . . . . 113% 114 %
M-N
11 0 % N o v ’ 0 l
111
U tica & Bile R iv gn g 4 s . 1922 J -J 1 1 0
107% 1 07y4 107% 107% 10 i 07 i o s
N Y C h ic & St L l s t g 4 s. 1937 A O
. mmm+m•••••*,
107 D e c ’ 01
R e g is te r e d ..........................1937 A-O
N Y c£5 G reen w L a k e See E n r
N Y & H a r See N Y C & Hud
N Y L a ck & W See I) L & W
N Y L R & W
See E rie
• I
N Y & L o n g B r See C en t o f N J
1
N Y & N E See N Y N H & H
100 D ec *61
N Y N H & H a r 1 st reg 4 -s. 1903 J -L
208% 28 1*204 *•>2 0 8 %
C o n v e r t d eb c e r ts $ 1 ,0 0 0 ....... A -O 2 0 8 ” Sale 207%
207
207
207 207
Sm all ce r ts $ 1 0 0 ....................
1135% 135%
......... 135% J an ’ 02
H o u s a to n ic R con g 5 s . . 1937 M-N 135
M-N 1 17
.1 . 1
114 J an ’ Go
10 6 78 10 6 78
1 0 6 7s J a n ’ 02
J -J
N Y & N o r th See N Y C A H
N Y O & W ref l s t g 4 s ..r /1 9 9 ‘. M- S 103*8 Sale 103% 103% 56 103 105%
AT- S
1 0 1 % N ov*98
N Yr & P u t See N Y C & H
N Y & R B See L o n g Islan d
N Y S & W See E rie
N Y T e x tfe M See S o P a c Co
116% M a r’ 02
1116% 1 1 6 %
N o r & S ou th 1 st g 5 s ......... 194 M-N * 1 1 6 % 1 1 7
i !i 34% 135%
N o r f & W e s t g en g 6 s ........193 M-N 13 5 % 1 0 6 % 1 3 5 % 135%
I m p r o v e m ’ t & e x t g 6 s . . 193 F-A 132 ......... 133% Max” 02 — 113 2 1 33%
131% O ct ’ 01
134
N e w R iv e r 1 st g 6 s ........193
103 e 40 102 104%
A -O 10 3 % Sale 103%
1 0 0 % J an :02 .... !io o % 1 0 0 %
A -O
J -J 1 0 7 % - - .* - . 1 0 7 % J 9 v ’ 01 .... L . ............ .
5 101% 103%
1 0 3 % 103%
M-N
N o r th Illin o is See C hi & N '
N o r th O h io See L E rie & W
N o rth e rn P a cific—
Q-J 10534 Sale 105% 105% 56 104*8105*8
105% 105 **> 5 104 1 0 5 %
R e g is te r e d .................. 1997 Q-J
74%
7 4 34 46 7 3 % 7 5 %
Q-F
74*8
G en eral lie n g o ld 3 s . . .
5 72
75
72
72
72 Sale
Q -F
R e g i s t e r e d .................
C B & Q c o l l t r 4 s See
J -D 1 0 1 % ........ 100 F e b ’ 02 . - . - 100 100%
S t P a u l-D u l D iv g 4 s.
J -D
R e g is te r e d ___ ______
1 3 0 % D e c ’ 01
F- A i2 8 %
132 J ’ l y ’ 99
O- F
F -A 118% . . . . . . 121 J a n ’ 02 ___ 121 121
13 2 % n 2 %
2d 5 s ................................. 191' A -O 11134 ......... 112 % F e b ’ 02
J -D
9 9 % .......... 100 Jail ’ 02 .... 100 100
94% F e b ’ 02
9 4 % 94%
Q-M .......... 95
115 1 1 3 34
N o r P a c T e r Co 1 st g 6 s .. 193c J -J 1 1 8 % ......... 118% M ai” 02
N o r R y Cal See S o P a c
N o r W is See S t P M <fe O
N o r & M o n t See N Yr C ent
In d <fc W See C C C & S t I
1 .................. .
112% J ’ n e ’ 01
h io R iv e r R R 1 st g 5 s. 193f J -D
95 D e c ’ 00
G en era l g o ld 5 s .................1937 A-O
O re <fe Cal See S o P a c Co
O re R R & N a v See U n P a c
O re S h ort L in e See U n P a c
O s w e g o & R o m e See N Y C
O C P & S t P See C & N W
P a c C oa st Co 1 st g 5 s ___ 1941 J-D 113 115 114% 1 1 4 % 2 112 114%
a c o f M iss o u r i See M o P ac
A -O 104 1 0 5 s4 103% D e c ’ 01
1 0 1 % F e b ’ 02 ... 101% 101%
M-N 101 % 103
113
2 111% 113%
J -J 113
......... 113
P en n Co g u 1 st g 4 % s..
R e g is te r e d .................... .1921 J -J 112% 112*8 112 M a r’ 62 ... - 111% 112%
102 N o v ’ 98
M -S
5 9 7 % 99
98
97 . . . . . . 98
Guar 3 %s coll tr ser B... 1941
A - b 1 2 1 % ......... 123 J a n ’ 02 .... 123 123
A -O
J -J 1 2 0 % ........ 121 O ct ’ 00
A O 122 % ........
M-N 104 % ........
F-A 103 % ........
S eries D 3% s.
J - J 102 ‘2 ........ 102 N o v ’ OO
J- J
S e rie s C.
J -J 11()34 .........
A -O 1 1 6 % ........ 116% F e b ’ 02
116% 1 1 6 %
A-O 1 1 534 ........ 115 % J a n ’ 02 .... 115 % 1 1 5 %
M-N 115 *2 ........ 116% F e b ’ Ol
S enes C
M-N
106*4 N o v ’ 01
F-A
9 6 % 97*8 97 " M a y ’ 01
J -J 131 132
131% M a r’ 02
130 1 3 1 %
J -J 131 ........ 130 F e b ’ 02 __ 130 130
2d 7s.
A-O 131
130 A p r ’ 01
M-N 110% 112
110% 1 1 0 %
1 110% 110%
O
M IS C E L L A N E O U S B O N D S-C on tlnn ed on Next Pa«©
Telegraph and Telephone
Am Telep <fc Tel coll tr 4 h 1929 J-J
Comm Cable Co 1st g 4 s. .2397
Registered........................ 2397
Erie T <fc T col tr g s f 5s .. 1920
Met T & T 1st s f g 5s....... 1918
Mut IJn Tel Co See Westn Un
N Y <fe N J Tel gen g 5s .. 1920
No Westn Teleg See West Un
West Union col tr cur 5s. 1938
Fd and real est g 4 % s... 1950
Mot U/I Tel ft fund 0s. . .1911
Northwestern Tel 7a. . ..1904
Q-J
Q-J
J-J
M-N
M-N
J-J
M-N
M-N
J-J
Coal and Iron
Cal) Coal Min See TO /
R
Olearf Bit Coal See N Y 0 So If
Col O <fc 1 Dev Co ga g 5s. J909 J-J
Go! Fuel Co gen gold Os . . 1919 M-N
Coal and Iron
Col F <fc I Co gen s f g 5s. . 1943
De Bardel O <& I See T C & i
Gr Riv Coal <fc O l s t g 6s.. 1919
Jetf <&Clear C <fc 1 1st g 5s. 1920
2d gold 5s ..........................1926
Kan & H O <fe C 1st s f g 5s. 1951
Pleas Val Coal 1st g s r 5s. 1928
113% Oct *01
Roch & Pit C & I pur m 5s. 1946
112%
1
1
3
%
I
Sun Ok Coal 1st g s f 6s. . .1912
* ......... 113
113
118
Toon
Coal T Dlv 1 st g 6s.al 91 7
*107% ......... 109% 109%
6 107% 1 0 9 %
Birm Div 1st consol 6s .. 1917
1 1 3 % Feb’ 02 __ 113% 113%
Cah C M Co 1 st gu g 6s J 922
De Bar O <fc I Co gu g 6s. 1910
W h LE<& P C Co l s t g 58.1919
. . . . . . 100 F eb’ 02
1 0 0 % May’ 01
1 0 0 % Oct ’00
109 O c t’ 99
114 Nov’ 01
e o ^ io o
F-A 103% ....... 103
A-O 1 0 6 % .........
J-I>
J-D
J-J
J-J ....................
M-N
15 103
106
108 J a n ’02
108
107 May’97
80 May’97
1 0 6 % F eb’ 02 . . . . 106
105 Oct ’00
108
104
106%
J -D
A-O
J-J
J-D
F-A
J-J
1 1 0 ......... 109
1 1 0 % ......... i l l
1 0 9 % ..
105
103
32
F e b’02 —
Feb’ 02
Feb’00
Mar’02 —
J a n’00
108
109
109
HI
10 1 % 103%
Manufacturing <fc Industrial
55 Nov’OO
106% Feb’01
M O ptiC 0 F t Uu ' /; latest bid and asked this week,
a iwae Jan
Amer Bicycles f dehen 6s 1919
Arn (lot Oil ext 4 %h.......... 19 J5
e Due May g Due J’ne
h Due J’ly
56
57% 57
.........1 00 % 100
p Due Nov 8 Option sale.
59
Mar’02
70
50
60
9 9 % 100%
Bond Record—Concluded— Page 4
568
BONUS
Y. STOCK. E X C H A N G E
W'faiUK E nding M m 14
F n ce
bH lUtiy
M a r. 14
Jtange
S in ce
J a n u a ry 1
W eek '6
F a n g e or
L ast Sale
ttiii
A s k Law
JJiylt\ J\u , Low L ligh
’tea ii l i B —( C'oiitiiiu eU)
i on cuiT w acy
C on sol gukl 5 s . , ............... 191U 8
C o n so l g o ld 4 s . . . . . . . . .
1943IM N
N o v ’ 97
A lle g V a l gteil g u g 4 s . 1912 M s
‘i M ar 001
01 A Met!' id t gU g 4%S 1935 M-N
1) K It K A Bgtt 1st g u 4s g ,'3 6 i y A 104
112 J a n *01
111
O r R A l ex ItjL g u g 4 Hstt 1 9 4 1 j
B un A EteWlb 1st g 4 a .. . 1938 J ;j |
U N J l i l t A Cali gen 4a 194 4 m a I 1
i 17 M ay’ 0 0 1
P e n sa co la <t A l l *S’ca 1^ A N ash
Pteo A E ast 5>£t* C C C A S t 1,
1301 a F e b "02
130 13 0 %
131
P cu A Ptek If u la t g Os. . . . 1931 q
l 01
o i l ’ 00
2 d g o ld 4 % «...................... 0 192 1j vi
103
100
125 M a r ’02
126 127
125 125
I*cite M arti—F A P M g 8a. 1920| \
115
115
115
111 115
la i Coiiaol g o ld 5 s ........ 1939 m
117 Ju u ’ 02
116H U 7
l 't H u r o n D iv la t g 6a. 1939 a
117 117
S a g 'lu a A H 1 a t g u g -i s . 19 3 l ] p
137 N o v ’97
±*uie C re e k r e g g u a r 6 S ...1 9 3 2 j
P it la C m A S t L S e e Pteiiu Co
l o 7 % G c t ’ 98
P itta CiteV A T o l U t g 6a . 1923 A O 122
P itta PL W A Oil Bre P e n n Co]
120 O ct ’ 01
P i Lite J mi c la t g o ld 6 a .. . . . 1923
122%
P itta A L E rie 2 d g 5 a .. ti 1928
111
P itta M o K e e a A V jS’e e N V Ceil
118% S ep ’ 01
P itta Bh A H K 1st g 5 a ... 1940
120*4
98 J ly ’ 97
l a i con su l g o ld 5 a ............. 1943
100% F e b ’ 02
loos*}
P itta A W e a l la t g 4 a ........1917
100 101
101% D ec ’ 01
J P M 4b Co c e r t l a ....................
121%
M
a
r
'01
P itta Y A A sti 1 st c o il 5 a .1 9 2 7 M-N 1 2 0 % ........
99
9 9% 14'
> en d in g C o g e n g 4 s ......... 1997 J -J
9 9 % Sale
9 7 % 9 9%
92 A p r ’01
V R e g is te r e d .......................1997 J -J
98
98
J e r s e y C en t c o ll g 4 s . . . 1951 A O
9 8 S a le
98
98
R en a a eia er A Bar See D A 11
R ic h A H an See S o u th R y
R ic h A M eek S ee S o u th e rn
R io U r W e s t 1 st g 4 a ..........1939
101 % 100% 1 0 1 % 57 100 1 0 1 %
94 %
95
C o n so l an d c o l tru st 4s . 1949
95%
95
10 93
97 J a n ’ 02
U tah C en t 1st g u g 4 s .a l 9 1 7
95
97
97
Rtu U r J u n e 1st gu g 5 s . . . 1939
*112 115 105 F e b ’ 01
R io gT S o 1 st g o ld 4 s ...........1 940
82
82
8 2 % 82 F e b ’ 02
G u a ra n te e d ......................... 1940
9 2 % F e b ’ 02
9 2%
91
B o o h A P itta S ee B K A P
R o m e W a t A O g See N Y Cent
R u tla n d la t e o n g 4 % s------1941 J - J
R u t-C a n a d 1 st g u g 4 % s. 1949 J - J
101% N o v ’ 01
o a g T u s A 11 See Per© M a rq
O a l t H a k e C 1 st g s f 6 s .. 1913 J -J
S t J o A G r Isl 1st g 3 -4 S ..1 9 4 7 J -J
98% 33 9 5
98%
98% 97%
S t H aw A A d ir o n 1 st g 5 s. 1996 J - J
111
2 d g o ld 6 s ............................. 1996 A -O
S t H A C a iro See M o b A O hio
S t L A I r o n M o u n t See M P
S t H K C A K S ee W abasli
S t H M B r See T H R A o ! S t 1
S t H A S F ra n 2d g 6s 01 B 1 9 0 6 M-N 110 11 0 % 110% 110 %
5 110 1 1 1 %
2 d g o ld 6s C lass C ......1906
M-N 1 1 0 110% 110 % 110 % 10 111) % 1 1 0 %
G e n e ra l g o ld 6 s ........... 1931
134 F e b ’ 02
13 1 % 134
132% 133
J -J
G e n e ra l g o ld 5 s ........... 1931
117 M a r ’02
J -J 1 1 7 1 1 8
1 1 5 % 118
S t H A S F R R g o ld 4 s . .1 9 9 6 J -J
96 100
9 8 % .......... 9 8 % F e b ’ 02
S o u th w D iv 1 st g 5 s . .1 9 4 7 A -O
100 J a n ’ 02
99
100 1 0 0
R e fu n d in g g 4 s ............. 1951 J -J
97% 23 9 6 % 9 8 %
97 % S a le" 9 7 %
R e g i s t e r e d ..................1951 I - J
K C F t S & M e o n g 6 s .. 1928 M-N
1 2 3 % D e c ’ 01
K C F t S A M R y r e f g 4s 1 9 3 6 A O
92 %
93
139 90% 93
9 2 % Sale
R e g is t e r e d ....................... 1936 A-O
S t H orns S o See I llin o is C en t
S t H S W 1 st g 4 s bd c tfs .1 9 8 9 M-N
9 9% 201 9 6 % 9 9 %
98
9 8% S ale
2 d g 4 s in o b o n d c t f s . . . p l 9 8 9 J - J
332 77
80
8 0 S a le
80
79%
• G r a y ’ s P t T e r 1 st g u g 5 s 1947 J -D 102 ......
S t P a u l A D ui See N o r P a c ific
S t P a u l M A M a n 2 d 6 s . . . 1909 A -O 1 1 6 % .,
116% 117
117 F e b ’ 02
1 s t c o n s o l g o ld 6 s.............. 1933 J -J
1 3 7 % 13 9 %
139% M a r ’ 02
1 4 0 % ..
R e g is t e r e d ........................1933 J -J
137% F e b ’ 99
R e d u c e d t o g o ld 4 % s . .l 9 3 3 J -J
114%
114% 27 114 114%
114%
R e g i s t e r e d ...................1 9 3 3 J -J
11 6 % A p r ’ 01
D a k o ta e x t g o ld 6 s ..........1910 M-N 1 1 7 %
116% 117%
117% F e b ’ 02
M o n t e x t 1 st g o ld 4 s ___ 1937 J-D 107
106% M a r ’ 02
106 106%
R e g is t e r e d .......................1937 J -D
106 M a y ’ 01
M in n 1 st d iv 1 st g 5 s . . 1908 A-O 1 0 7 % Sale 1 0 7 % 10 7 % 10 106% 1 0 7 %
R e g is t e r e d .......................19 OS A-O
.N or D iv 1 st g o ld 4 s ___ 1948 A-O i 0 6 % " I ~
R e g is t e r e d ....................1 9 4 8 A-O
M in n U n io n 1 st g 6 s ___ 1922 J - J 1 2 6 . . . .
128 A p r ’00
M o n t C 1 st g u g 6 s ..........1937 J -J
14 0 % 140%
13 9 % 140% 140% M a r ’ 02
R e g is t e r e d ........................1937 J -J
115 A p r *97
1 s t g u a r g o ld 5 s ........... 1937 J -J
1 2 4 D e c ’ 01
124
R e g is t e r e d ....................1937 J -J
W i l l A S F 1 st g o ld 5 s .. 1938 J -D 12 5 %
1 2 5 % F e b ’ 02
1 2 4 % 12 5 %
S t P & N o r P a c See N o r P a c
S t P A S ’x C i t y S e e C S t P M A O
S F e P r e s A P li 1 st g 5 s . . . 1942 M-S 1 0 6 %
111 A u g ’ 01
S A A A P See S o P a c Co
S F A N P 1 st s in k t g 5 s . 1919 J -J
113% D e c ’ 01
S a v F A W 1 st g o ld 6 s . . . . 1934 A-O 1 2 8 % —
128 D e c ’ 01
1 s t g o ld 5 s ..........................1934 A-O 1 1 3 % .......... 123 D e c ’ 99
S t J o h n ’ s D iv 1 st g 4 s . . . 1934 J - J
9 5 % N o v ’ 01
92% 95
A la M id 1 s t g u g o ld 5 s .. 1928 M-N 107 . . . .
111 D e c ’ 01
B r u n s A W 1 st g u g 4 s .. 1938 J -J
87 A u g ’ 01
88 . . . .
S il Sp O ca A G g u g 4 s .. 1 9 1 8 J - J
93 %
93%
S9% 93%
S cio to V a l A N E See X o r A W
S ea b A B oa 1 st 5 s .............. 1926 L -J
104% F e b ’ 98
112%
C ar C en t 1 st c o n g 4 s . .. 1949 J -J
9 6 % M a r’ 02
96% 96%
9 6%
S lier S h r A S o See M K A T
S il Sp O ca A G See S a v i A W
S od B a y A S o 1 s t g 5 s .........1924 J -J
100 D e c ’ 01
103
S o Car A G a See S ou th ern
S o u th e r n P a c ific Co—
2-5 y e a r c o il tr g 4 % s ___ 1905 J -D 101
101% 32 99 101%
Sale 101
G o ld 4s (C en t P a c c o ll). AT949 J -D
139 9 3 % 95
94%
95
9 4 % Sale
R e g i s t e r e d ................... AT 949 J -D
89 O c t ’ 01
A A N W 1 s t g u g 5 s ___ 1941 J -J
ill
J ’ n e ’ 01
C en t P a c 1 st ret g u g 4s 1949 F -A 102 102
102
102 % 61 1 0 1 % 104
R e g is t e r e d ....................... 1949 F -A
9 9 % J ’ n e ’ OO
M o r t g u a r g o ld 3 % s .. AT 92 9 J -D * 8 8 % * 8 9
88%
S9% 37 "8 7 *" * 8 9 %
R e g i s t e r e d ................ A 1929 J -D
G a l H a r A S A 1st g 6 s .. 1910 F A 11 0 % ...
109% M a r ’02
109% 109%
2 d g o ld 7 s ......................... 1905 J -D 107
106 D e c ’ 01
...
M e x A P a c 1 st g 5 s ___ 1931 M-N 107 . . .
109% i o o %
10 9 % F e b ’ 02
120
1
U O .N 0 8
N. Y . S T O C K E X C H A N G E
W
eek
E n d in g
m ak.
14
[V
F r ic e
F r id a y
M a r. 14
ol
LXX1V.
.
W eek's
F a n g e or
L ast s a t e
L'a nge
s in c e
J a n u a ry 1
Hid
A sk , Low
JJigh A o Low H i g h
S ou th ern P a c C o—(C o n tin u e d )
108
1106 D e c ’ 01
G ila Y U A N 1st gu g 5 s. 1924 M
105
106 F © b ’ 02
105 106
lio n s E A W T 1st ix 5s 1933 M
i si gu g 6s re d eem a b le 1933 m
1 10% 111%
111% Sale 111%
111%
11 A T C 1st g 5s ini g u . 1937 .1
I 14 % F e b '02
113 114%
C on sol g 6s la t guar. ..1 9 1 2 A
95
95
Feb ’ 02
93% 95%
G en g o ld 4s Bit g u a r .. 1 9 2 1 A
1*36 129
127 % F e b ’02
W a c o A N W d i \ 1 st g Os ’ 3U
125% 137%
135% 137
135 J a n '02
135
137
M o r g a n ’ s Ha A T 1st 7 s. 1918
123 123%
1 2 3 % ........ 123 % F e b ’ 02
1st g o ld 6 s ...................... 19*20
N Y T A M ex g u 1 s l g 4 s . J 912
1 0 8 % .........
N o o f Cal 1 st g u g Os___ 1907
1 1 8 % ......... 1 13 Jan 01
G u a ra n teed g o ld 5 s .
1938
103 _____ I Of)1 N o VO 1
O re A Cal 1st g u a r g 5s. 1927
91
91% 4 0 87% 92
9 1 % Sale
8 A A A P a ss 1st g u g Is 1913
I 12% i 13
S o P o t A r gu 1si g Os <T 909 10
L1 I % ......... 113 F e b *02
108% 109% LOS % J an ’ 02
107% 108%
S P o f Cal 1st g 6 s ........1905
108 D e c ’01
109
ill
1st g 6s se rie s B .. .19051A
110% 110%
1st g 6 s s e r ie s C A 1>. 1906 A-O 1 1 l .......... 110% J an ’ 0*2
* % ..........
I s t g 6s se rie s E A F. 191*2 A
121 .......... 120 F eb '01
1 st g old 6 s . . .
1.012 A
115 ......... 107
N o v ’ 00
1 st con g u a r g 5s. . 1937 M
110 ......... 1 10% M a r’02
109
11 I
b t a in p e d ........1905-1937
i 1 3 % ......... ! I •
28 1 15 i 15
8 Pac o f N M ex 1 st g 6 s . . 1911
S P C oast 1st gu g 4 s ___ 1937
A p r '01
106 ........ 1 1 0
T e x A N O 1st 7 s ......... ..1 9 0 5
Ill
........ I I I 1- F e b ’ 02
I 14 % 114 %
S a b in e D iv 1 st g 6 s ___1912
107
........ 108% J'Jy ’ 01
C on g old 5 s ......................1913
119 % 12 1%
1 2 1 % Silk* 1211';. 121%
S o u th e r n —1st co n g 5 s ___1991
[*>2
122 J a n ’ 02
R e g is te r e d ...................... 1994
98%
98%
99
97
99%
08
M o b A O hio c o ll 1v g I s .. 1938
R e g is t e r e d ........................1938
3 I 12 % 1 1 5
ill
........ 1 15
J1 5
M em D iv 1 st g 4 % -5 s .. . 1996
l b 9 9 % 100%
loo Sale 99% 100
8 t L o u is d iv 1 st g 4 s ___ 1951
120 ...... 120 M a r’ 01
A la C eil R 1 st g 6 s ......... 1918
94 % 90
96%
96%
96%
94
A l l A I>anv 1st g 4 s ........1948
A tl A Y a d 1st g gu a r 4 s. 1949
121 % ........ 12 L J ’ n e ’01
Col A G r e e n v 1st 6 s ........1916
117 117%
E T V a A G a D iv g o s . .1 9 3 0
... 117 % F e b ’ 02
121 % 24
%
1 2 1 % Sale 121 %
Coil 1st g o ld 5 s ...........1 9 5 6
113 . . .
n o % F e b ’ 02
110 % 116 %
E T e n r c o r lien g 5 s . . . . . 1938
R e g is t e r e d ....................... 1938
125 1 2 6 %
1 - 6 % .......... 126% F e b ’ 02
G a P a c R y 1 st g 6 s ......... 1922
I2 6 % . . . .
125
127%
125 J a n '02
K n o x A O h io 1 st g 6 s . .. 1925
121 % 122%
2 120% 122
i I2J
R ic h A Dan eon g 6 s ___ 1915
101 % J ’ l y ’OO
E q u ip sin k fu n d g 5 s .. 1909
112% F e b ’ 0 2
113b
112% 112%
D e b 5 s s ta m p e d .............. 1927
83 D e c ’00
R ic h A M e e k 1st g 4 s . . . 1948
110% 112 1 10 M a r’ 02
id o " i i o "
Bo C ar A G a 1 st g 5 s ___ 1919
109 115% 102 O ct ’ 99
V ir g in ia M id se r D 4-5S .1921
114 .......... 111 S ep ’01
S e rie s E 5 s ....................... 1926
1 1 7 % .......... 1J 5 Jan ’ 02
115 115
G e n e ra l 5 s ....................... 1936
116% D e e ’ 01
G u a r sta m p e d ........... 1936
93 % ......... 91 % S e p ’ 00
W O A W 1st c y g u 4 s . . 1924
120 F e b ’ 02
120 121
120 120
W e s t N C 1 st co n g 6 s . . 1914
S A N A la See L A N
123 ........ 117 J ’ l y ’ OO
S p o k F a lls A N o r 1st g 6 s .1 9 3 9
Stat I s l R y 1st gu g 4 % s ..l 9 4 3
S u n b A H ew See P e n n R R
S y ra B in g A N Y See D L A W
' p e b o A N See M K A T
114% 114%
1 1 4 % 114%
L e r A o f S t H 1st g 4 % s . .l 9 3 9 A -O 114 115
116% 1 1 6 %
1 st co n g o ld 5 s ........1894-1944 F -A 114% 116 % 116% J a n 5o2
113% 113%
113% J a n ’ 02
S t H M B g e T e r g u g 5 s. 1930 A -O
r e x A N O See S o P a c Co
104 F e b ’ Ol
r e x A P a c E D iv 1 st g 6s . . 1905 M-S
1 st g o ld 5 s ........................... 2000 J -D 120% Sale 120% 120% 40 119 121
23 90 102%
96
97%
97% Bale
2d g o ld in c 5 s ....................^2000 Mar
LI 1 J ’ n e ’ 01
L a D iv B L 1st g 5 s ....... 1931 J - J
114% J an f02
112 %
L14 % 114%
T o l A O C 1 s t g 5 s ................1935 J -J
L12% N ov’ Oi
113
W e s te r n D iv 1 st g 5 s . . . 1935 A O
107 108%
1 0 8 % F e b ’ 02
G e n e r a l g o ld 5 s ..................1935 J-D
98% M a r '02
9 8 % 98%
K a n A M 1 st g u g 4 s ___ 1990 A-O .......... 99
92%
93
91
93
92
93
T o l P A W 1 st g o ld 4 s . ...1 9 1 7 J -J
90
91%
9 0 % 90% 91 F e b '02
T o l S t L A W p r lie n g 3 % s. 1925 J -J
85
85%
85 Sale
46 82% 87
5 0 -y e a r g o ld 4 s ..................1950 A-O
99
99% 98% F e b ’ 02
9 7 % 9 8%
T o r H a m A B u ff 1 st g 4 s . M 9 4 0 J -D
111 11.2
ls te r A D e l 1 st co n g 5 s 1 928 J *D 113 .......... L12 M a r’ 02
104% 1 0 6 %
106 Sale 105% 106%
n P a c R R A 1 g r g 4 s . . 1947 J -J
105%
105% 20 105 106
R e g is t e r e d ........................1947 J -J
106% 858 105% 107%
06 S ale 105%
1 st 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
104% 24 102 104%
O re R y A N a v e on g 4 s. 1946 J -D 104 104% 104
O re S h o rt L in e 1st g 6 s . . 1922 F -A 127% Sale 127% 127% 1* 126 129%
9 117 118
117% Sale 117% 118
1 s t c o n s o l g 5 s ................ 1946 J -J
1.17% J ’ n e ’Ol
U ta h A N o r 1 st 7 s ..........1908 J -J
113 M a r’ 01
G o ld o s ...............................1926 J -J
U n i N J R R A C C o See P a R R
U ta h C e n tra l S ee R io G r W e s
U ta h A N o r th See t i n P a cific
U t ic a A B la c k B
N Y C ent
\ 7 e r V a l I n d A W See M o P
* ir g in ia M id See S ou th R y
119% 11 118% 119%
a bash 1 st g o ld 5 s ........1939 M-N 1 1 8 % 119% 119
2 111 114%
2d g o ld o s ....................1939 F-A 1 1 0 % 1 1 1 % 111% 1 1 1 %
101 F e b ’ 02
100 101
D e b e n tu r e se rie s A ........1939 J -J
7*2%
75
1930 66 % 76
7 4 % Sale
S e rie s B ............................. 1939 J -J
1 s t lie n e q u ip s f d g 5 s .. 1921 M-S
109% F e b ’ 02
111 . . . .
109% U O
D e t A C h E x t l s t g 5 s .. 1941 J -J
95 J a n ’ 02
95% . . . .
95
95
D e s M o in D iv 1st g 4 s .. 1939 J -J
87
87
87
87
8 8 % 87
O m D iv 1 st g 3 % s........... 1941 A O
m % iu %
111 % F e b ’ 0*2
S t C lias B r id g e 1 st g 6 s. 1908 A -O 111% 112
W a r r e n See D e l L a c A W e s t
W a s h C e n t See N o r P a c
W a s h O A W See S ou th ern
32 119% 121
120 % 121 % 120% 121
W e s t N Y A P a 1 st g o s . .1 9 3 7 J -J
1 0 0 % 18 9 9 % 100%
G e n g o ld 3 -4 s..................... 1943 A-O 1 0 0 % Sale 1 0 0 %
40 M a r’ 01
I n c o m e 5 s ......................... $ 1943 N ov
W e s t N o Car See S ou th R y
W e s t S h o re See N Y C ent
1 1 4 % J a n ’ 02
112% 1 1 4 %
114%
W V a C e n t A P 1 st g 6 s .. 1911 J -J
.(115 % F e b ’ 02
115 115%
W h e e l’ g A L E 1 s t g 5 s . . . 1926 A -O 116
112% 112%
112
.j 112% J a n ’ 02
W h e e l D iv 1st g o ld 5 s .. 1928 J -J
113 D e c '01
E x t e n A Im p g o ld 5 s . . . 1930 F -Al
91 % 94
1st c o n s o l 4 s ....................... 1949 M-S
91%
92
91% Bale
W ilk e s A E a st See E r ie
W il A S io u x F See St P M A M
W in o n a A St P See C A N W
89%
90% 255 88
90%
90 Sale
W is C en t 5 0 -y r 1st g en 4 s . 1949 J - J
12 0
120 1 2 2
U
W
100
M IS C E L L A N E O U S R ON DS—Concluded.
M a n u f a c t u r i n g & I n d u s t r ia l
A m H id e A L 1st 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 A S C ar Co 1 st g 6 s . . . 1942
C o n s o l T o b a c c o 5 0 -y r g 4 s. 1651
D is t illin g o f A m e r ic a co lla te ra l
tr u s t g o ld 5 s ....................1911
G r a m e r c y S u g 1st g o ld 6 s. 1923
111 S te e l C o d eb 5 s ................ 1910
N o n -c o n v d e b e n 5 s ..........1913
I n t P a p e r Co 1 st c o n g 6 s. 1918
K n ic k e r b o c k e r I c e (C h ica g o )
1 s t g o ld 5 s ...... ................ 1928
N a t S ta rch M l,g Co 1 st g 6s 1920
N a t s t a r c h On s f d eb 5 s . .1 9 2 5
G ta n R o p e A T 1st g 6 s . . . 1946
I n c o m e g old 5 s ..................1946
U S Heath C o s t d eb g 6 s .. 1913
M iscellaneous
M-S
M -S
J -J
J -J
F -A
J -J
A -O
J -J
A-O
F -A
9 7 Sale
84 % 85
8 2 % 86
6 6 % Sale
* ........
..........
88
90
10 8 % Sale
96%
84%
iO o
65
97
85
9
h
i
J a n ’ 00
66% 1498
87
88
9 9 % A p r ’ 01
99 J a n ’ 99
100% J ’ n e ’ Ol
108%
109
11
9 4 % 100
80
90
64%
69 %
86
90 %
8 1 0 8 % 112
A -O .......... 9 8
93 A u g ’ OO
M-N *109 1 0 9 % 109 F o b ’ 02
106% 109
J -J
9 2 % 94
94 M a r ’ 02
89
94 %
F -A
66%
70
70 Bale
"75 55
70
10%
13% 1271
13 Bale
6% 13%
M-N 1 1 4 .......... 114 M a r ’ 02
113% 114
* N o price Friday; latest bid and asked
A d a m s E x c o l tr g 4 s ..........1948 M-S
A m D k A Im p 5s See C en t N J
B r o o k ly n F e r r y C om p a n y 1st
consolidated gold 5s...... 19.48 F -A
C h ic J c A S t Y ard c o l g 5s. 1915 J -J
H o b o k e n L A I g old 5 s . ..1 9 1 0 M-N
M ad Bq G a rd en 1 st g 5 s . V 919 M-N
M an B o h H A L g e n g I s . . 1940 M-N
N e w p N e S h ip A J) D 5s d 1990 J - J
N Y D o ck 5 0 -v r 1St g -Is.. I 95 l F -A
N Y A O u t L and 1st g 6 s . . 19 10 F-A
R R Seoul* CO 50 } i- g 3 %s. 195 l J-J
Si J osep h st k Y ds l a i 1 %s_ \930 J-J
St L T o r G u p p ies S tn t’ iuv Drop
Co 1st g 4 %s 5-20 y e a r ..49 l 7 J -D
S Y u b a W at V o eon g 6 s .. 1923 J J
Bp V al W at W o rk s 1st 6s 1906 M S
li S R ed A Hoi’ 1st s I .; 6a. 1931
104
80
104% 104%
Sale
79%
80
111 M a t'd t
50
93 % Bale
ibT* I " " '
104
104%
F e b ’ 08
92
93%
90 Oot 99
91% Deo 01
10
107%
9%
..-!
38
59
...I
. I
9 0 % ' 93
......................|.101
F o b 'o : ;
..................... 1113 % vi 'ly 00
87%
88% 1 85
a D ue Jan b D ue Feb d D uo A p r </ Duo J ‘no A Due J ly A Duo A ig n D uo Sop p Duo -Nav •b u o Deo
85%
> Opium
50
89 ,
Volume of Business at Stock Exchanges
TRAN SACTION S AT TU B N EW YORK STOCK EXCH AN GE
D AILY * W E E K LY AND Y E A R L Y
S tock s
W eek e n d in g
M a r 14
190*3
R a ilr o a d <ic
B onds
P a r v a lu e
S h a re s
Saturday ...........
M onday.............
Tuesday.............
Wednesday........
Thursday...........
F riday................
202,914 $19,816,400
57,530.500
696,665
54,330,700
561,257
65,609,450
677,682
55.118.200
673,482
46.709.200
478,297
$2,004,000
3.756.000
1,968,500
2.365.000
3.391.000
3,855,800
T otal...............
3,090,197 $299,120,450
$17,340,900
S tate
B onds
G um H e cu rllilo n
I udlanupoH * <Jfts s to rk 50
1mI 0 m 1 9 2 0 .............M -N
,1iickHon G a s C o ......... 60
5mg 1937...
$.
18,000
500
" 5,006
$19,000
W e e k e n d in g M a r 1 4
1901
1902
Newark Gas 6 s 1.944 Q
Newark Consol Gas HJ
5m 1948 See Stock Exc
New Eng Gas
O See
) <Vs Ind Con N at 6c 111 It
1st 0 h 1 9 2 6 ...............J-
rovidence Gas........... fi
1901
33,510,638
63,164,080
5,040,768
3,090,197
Stocks—N o. shares
Par value........ $299,120,450 $485,512,850 $3,166,362,750 $6,103,076,050
$76,825
$13,400
$1,026
Bank shares, par..
BONDS
$41,500
178,500
39,344,000
$188,700
363,500
208,538,400
$617,450
745,400
266.523,900
$17,383,400 $39,564,000
$209,090,600
$267,886,750
$23,500
19,000
17,340.900
State bonds.
Total bonds___
D A IL Y TRAN SACTIO N S A T T H E BOSTON AN D P H IL A D E L P H IA
EXCH A N G E S
W e ek e n d in g
M a r 14
1902
B o s to n
U n listed
sh a res
L is te d
sh a res
P h ila d e lp h ia
B ond
s a les
L is te d
sh a res
U n listed
sh a res
B ond
sa les
Saturday....... 23,735
M on d a y........ 101,586
T uesday........ 48,181
W ednesday. . 39,675
Thursday....... 34,368
F rid a y........... 28,759
14,619
30,704
20,891
33,023
29,3 58
10,316
$60,500
145,650
256,700
176,500
124,250
148,550
16,800
37,665
35,708
51,557
29,603
28,074
250
2,404
5,619
3,696
1,388
2,270
$129,400
74.000
73.000
82,100
Total.......... 276,304
138,711
$912,150
199,407|
15,627|
$551,600
86,100
107,000
Outside Securities
F o r W e e k ly R e v ie w o/ O u tsid e M a r k e t S ee 7 th R a g e P r e c e d in g .
S treet R a ilw a y s
S treet R a ilw a y s
B id
A sk
Grand Rapids R y.^ ..l00
42*4
91
Preferred................. 100
92
36
Bleeek St & Ful F stk 100 34
Indianapolis St Ry See Phila list
1st mort 4s 1950___J-J
99 102
17
J C Hob & Paterson.. 100
19
B’way 6c 7th A ve stk .100 248 252
4s g N o v i 1949...M -N 2 82*4 83*2
1st mort 5s 1904... J-D 101 *4 102*2
Lake St (Chic) El stk.100
110
11*4 11*2
2 d mort 5s 1914.......J-J 108
Del) os 1928..............J-J 103 103
Con 5s 1943 S ee Stock Excli list
Louisv St Ry os 1930 J&J 2118 119
B’way Surf 1st 5s gu 1924 2114 116
Lynn& Bos 1st 5s ’ 24. J-D 2113
2d 5s int as rental 1905 2102 104
Minneap St Ry 5s S ee Stk Exch list
Cent’l Crosstown stk.100 265 280
30
31
N ew Orleans City Ry 100
1st M 6 s 1922.......M-N 2122 125
P referred................. 100 104 106
Cen Pk N <fc E R iv stk 100 208 220
North Chic Str stock. 100 185
Consol 7s 1902.......J-D 101 104
1st 5s 1906-16........ J-J
Christ’r<fe 10th St stk 100 187 197
30
North Jersey St stocklOO
31
Cohfc 9th A ve 5s S ee Stock Excli list
82
83
4s 1948 ...................M-N
Dry D E B & Bat stk 100 120 130
Pat R y con 6 s 1931..J-D 2128
1st gold 5s 1932...J-D 113 115
2d 6 s 1914............... A -0 2100
Scrip 5s 1914........ E-A 104 105
Rochester Ry (new). 100 48
Eighth Avenue stock 100 400 410
49*2
94
Preferred................. 100
Scrip 6 s 1914........ F-A 105 109
94*2
Con 5s 1930............ A -0 111 113
42d & Gr St Ferry stk 100 400 410
101
2d 5s 1933............... J-D
75
102
42d St M & St N A ve 100
65
So Side El (Chic) stk.100
1 st mort 6 s 1 91 0 ..-M-S 112 114
113
Syracuse Rap Tr 5s 1946 102 103
2dincom e 6 s 1915..J-J
99 101
U nitR ys (St L Trans) 100
28*4
Lex A v & Pav F 5s S ee St k Exc list
85 *4 8 6 * 2
P referred................. 100
Metropol Securities (w i) 120 125
Gen 4s 1934..............J-J 2 88*4 88*2
MetropolStreetRy rights
10
10*4
Unit R ys San Fran subs. 100*2 101
Ninth Avenue stock. 100 196 205
Common (when issued)
Second Avenue stocklOO 215 220
22*4 23
Pref erred(when issued)
1st mort 5s 1909..M-N 2105 106*2
61*4 62
W est Chicago St........ 100
120
Consol 5s 1948.......F-A .
96*4 96*4
C on g 5s 1936.......M-N
Sixth Avenue stock.. 100 170 180
Sou Boulev 5s 1945..J-J 2111 115
G as S ecurities
So Fer 1st 5s 1919...A -0 2108 110
NEW YORK
Third Avenue S ee Stock Excli list
Tarry W P & M 5s 1928 108 no Cent Union Gas 1st 5 s... 2109*2 111
Con Gas (N Yr) stock N Y Stock Exc
YkersStRR os 1946A-C 109 no
Equit Gas con os 1932 S ee Stk E x list
28th <fc 29th Sts 1st 5s ’96 2113 114
Twenty-Third St stk. 100 408 415
Mutual Gas................. 100 315 325
New Amsterdam Gas—
Deb 5s 1906............. J-J 102 106
1st consol 5s 1948..J-J 112*2 113
Union B y 1st 5s 1942 E-A 116 117
W estchestlstSs 1943 J-J 107 113 N Y G EL H&P See Stock Exch list
N Y <fe East River Gas—
BROOKLYN
1st 5s 1944............... J-J 112 113
Allan A ve 5s 1909..A-0 2105
Consol 5s 1945........ J-J 108 112
Con 5s g 1931....... A-O 114 116 Nor Un 1st 5s 1927.M-N 109 110
Xmpt 5s S ee Stock Exc h list
Standard Gas com___100 130 135
B B & W E 5 S 1933..A-O 100*2 103
P referred................. 100 150 155
Brooklyn City stock ... 10 246 248
1st 5s 1930........... M-N 2115*2 116*4
Con os S ee Stock Excli list
OTHER CITIES
BklnCTosstn 5s 1908.J-J 104 107
Bkn H g tslst5 s 1941 A-O 105 108
32
Amer Light 6c Tract. 100
31
Bkln Q Co <fe Sub S ee Stk Excli list
P referred................. 100
91
92
Bklyn Rap Tran See St j; Excli list
Baltimore Consolidate See Balt list
Coney Island & BklynlOO 360 400
Bay State G as..............50
°8
1st 6 s 1903............J-J
102 103
Binghamton Gas—
5scrtlsindbt 1903.. J-J 1 0 0 102
95
5s 1938.................... A-C 2 92
Brk C 6c N 5s 1939.J-J 114 116
Boston United Gas bonds Bosto n list
Gr St&New 1st 5s ’06 F-A 104
Buffalo City Gas stocklOO
10*4 11
Gr’p* <fcLorimer St 1st 6 s 106 109
84
85
1st 5s bonds...........
Kings Co. Elevated—
Chicago Gas See N Y St k Exch list
1st 4s 1949 See Stock Excli list
Cincinnati Gas 6c Elect 00 10J *4 102
Nassau Elec pref.......100
83
Col Gas L 6c Heat comlOO x 8 o
88
85
5s 1944....................A-O 113 115
Preferred................. 100 105*8 106
1st 4s 1951...............J-J
90
1st 5s 1 93 2 .,........... J-J 2108 108*4
New Wb’g& FI 1st ex 4*28 105 106 Consol Gas (N J) stk.100
13
14*.
Stein way 1st 6 s 1922. J-J 2117*2 110
80
81
1st 5s 1936............... J-J
Consum Gas (J City)—
O TH ER CITIES
1st 0S 1904........... M-N 2103 104
Buffalo Street Ry—
62
Detroit City Gas..........50
1st consol 5s 1931. .F-A 2116 118
D eftG asb ’ds S ee NYStk Exch list
Deb 6 s 1917........... a .O 2100
Essex 6c Hudson Gas 100 80
35
Chicago City E li stk. 100 215 219* Fort Wayne 6 s 1925..J-J
55
50
Chic union Traccoin. 100
14*4 15
30
25
<las 6 c Elec BcTgenG'o 100
Preferred................ ] 00
49
60
Grand Bap ids Gas—
Cleveland City K y__ ] 00 107 112*
1st 5s 1916..............F-A 2105 106
Cleveland EiectrKy.100
84 « H5h> Hartford (Ct) Gas L ...2 5 f 48
50
Columbus (O) St B y .. 100 52 >2 54« Hudson Co Gas..........100
23
26
Preferred................ l 00 102*4 104
5s g 1949........................ 100 10 1
Col urn By con 5s See Pli ila lisl
Indiana Nat A 111 Gas
CrossV wn i s t 5 s ’ 3 :;.J i> |2109 i l l
50
1st 6 s 1908............ M-N
B i^
A sk
N E W Y O R K CITY
$ Buyer pays accrued interest.
\ Price per share.
♦ Sale price.
40
4107
4 1 11 0.
50
list
onion l
18
48
11 90*14
4 95
i 88
$23,500
J a n u a r y 1 to M a r 1 4
1902
00
22
KauftiiM O ily G a s .
100
5 m 1 9 2 2 ...............
A<> 4101
L a cle d e G a s See N Y 81k E x cli
55
Iaiiiiy’ oG um 1mI 6 h’ 2 4 .M -N
V 8
Honda
19,000
Hid.
ID!
73
... A O 4101
1st 5s 1946..
S a les at
N ew Y o r k S to ck
E x ch a n g e
569
THE CHRONICLE
M arch 15, 1902.]
Tdegr
........
........
Exch
T e le p h o n e
BellTelepli
Commercial Cable.
4 *28, 1905.
Mexican Telephone
New Eng Telephone
>rthwestern Teleg.
N Y & N J Telephone
36
) 104
) 103
) 62
105*8
) 176
-> 115
) 78
1 oston
) 47
3 120
) i 03
e Bosto
e Bosto
l) 122
0 167
sT 113
Pacific 6c Atlantic.......5 5 78
Providence Telephone. £ 0 1100
Southern 6c A tlan tic..2 5 100
Pel Tel & Cable of A m . 1 5 I 5
A sk
63
03
75
02
32
Iiidu Atriitl a n d IVfl«rel
C i ni Fireworks com. 100
P r e fe r r e d ..
...
loo
CineMCbroiigli .Mfg (Jo 100
C9all In (II B) 1st p n l Jou
2d
p r e f e r r e d ............... JOO
02 *v.
Common
..............100
( !olo Fuel 6c Iroll deb 5h
60
CJol 6c Hock Coal<& I \>\ 100
50
U tg 5h 1917..
-J J
09
( JornprewMiid A ir (Jo 100
42
( JoiiMolld (Jar Healing 100
58
CJonsol Fircw'ks (join 100
Preferred................ 100
Ht
C
22
(
ire 100
50
(. ontinemai Tobac deb 7 h
...... C orbin Cabinet I,ock .ioo
90
( orbiu ( P 6c F) Co...... 25
90
Corn ProduclH (w '1).. 100
preferred ( w i ) ...... 100
98
Cramps’ Sh 6c Eli Bldg 100
list C ruciblo S teel........... 100
Preferred................ 100
I damond Match Co See
40
I
108
I
100
Preferred
100
66
J
Preferred
..........100
184
] implre State Sugar.. 100
1st 6 s 1915............... J-J
84
3 impire Steel..............100
list
P referred................. 1O0
55
(
123
( eneral Chemical. .100
Preferred............ .10 0
.100
106 (
n list
.1 0 0
Preferred
n list :
126
169
Lavana Commercial. 100
117
Preferred................ 100
83
M-S
1st 6 s 1922..
103
1100
[erring-Hal 1-1V
7
.100
1 st preferred.
2 d preferred.
.100
Hid
A sk
20
25
62
65
4 10
155
J00
105
J02
98
102
) 00
100*4
60
65
86
93
9 lv. J J
50
00
JO
20
65
7
7 Hi
2 >12
3 Hi
104
107
2 /5
325
14 5
33
34
85 U 86
72
76
23
23 U
87
87*4
KXCh list
109*4 110
28
30
44
50
2
2*4
4
5*2
80
* ......... 9 5 Hi
9
C k
46*12 50
1
*4
60
70
9 9 % 100
120
125
64*4 64 *2
50
58
10
1 1*12
49
51
94
1 *2
37*2
5
11 0
5s 1 9 1 0 ..................M-N 106
205
17
uternatT Silver S ee Stk E x c h
6 s 1948......................J-D 100
100
*.J
>
42 Hi
10
E lectric Com panies
210
liicago Edison C o... 1C 0 ........
19
Edison El 111 Brk 4s N 1 Stock Exch
list
78
Electro-Pneum’ic Tran] 0 1
1*8
101
General Electric Co N l Stock Exch
0 197 200
ron Steamboat..........25
ohn B Stetson com .. 100 150
0 190 192
0 t 95
P referred................. 100 135
15*4
0
37*2 38*2 anston Monotype___20 1 15
200
23 0
Preferred
0
72*12 73
0 125
Lawyers’ Surety.......100 105 110
yers’ Title In s ...100 53 5 345
17
0
15
Lonllard (P, pref.......100 120
71
.
68
4 s 1929.
10
0 See Ba lt list Madison Sq Garden..100
75
2d 6 s 1919......... ...M -N
8
8*4
Mex
Nat
Construe.pf
100
F erry Com panies
Monongahela R C oal..50 1 13*4 ! 3 3*2
Preferred................... 50 > 4 2 76| 43*4
0 17
»
Mont & Boston Cop per. 5 t 3*4 1 4
J 113 115
100
k Exch list
Hosier Safe Co..........100
Con 5s 1948
1 5 k 16
National B read.......... 100
. 108 110
84*4 85
P referred................. 100
0
70
73
19*? 20
ational Carbon........ 100
S' 4 94
95
84
85
P referred................. 100
0 70
N Y 6c H
31
32
Nat Enam’g 6c Stamp 100
H obF y
S 4112*12 114
86
S8
P referred................. 100
Con 5s
D 4 87
S9
National Surety........ 100 140
y
33
40
New Central Coal........ 20
1st os 1946...............J J 102 105
N Y Loan 6c Im p.......100| 80
Oth 6c 23d Sts Ferry 1C 0 75
N Y Biscuit 6 s 1911.M-S 114 n o
1st mort 5s 1919...J- 3 4105 ib s
N Y Dock Co
S ee Sto civ E x c h lis t
42
Union Ferry stock. ..1C 0 41
N Y Realty Corp.......100 143 146
S 4 96
97
N X Transportation...20 t 1 2 \ 13
Nicholson File Co___100 137*;
R a ilroa d
8
8*4
Ontario Silver............ 100
33
Otis Elevator com__ 100
33*2
0
9
11
100
99
Prior lien g 4 *2S’ 3
P referred................. 100
S 4106 108
Con mtg g 5s 193
J
99 100
2 4 ‘s 25
Pittsburg B rew ing---- 50
Preferred................... 50 4 4 58 44 "8
Income 5s 1930..
..
28
31
25*4 25*2
Denver & South’n
S tk Ex list Pittsburg Coal............ 100
90 4
P referred................. 100
Detroit Southern >
k Exch list
S tk Ex list Pitts Plate Glass.......100 148*2 150
91
k Excli list
340 360
Mex National (w i) .. 0
20
20*8
P referred................. 100 200 205
Preferred S ee Stk F h list
Rap T Sub Oper 10 pd 109 135 140
Bonds S ee Stock E li list
Royal BakPow d pref. 100 105 107
Nor&W est-Poca 4s. 1 1
93 78 94
Rubber Goods Mfg See St ockEx list.
Nor Pac new 4s (w i).
Russell 6c Erwin........ 25 t 60
10 102*4 i03
Pitts Bess 6c L E . .
0 1 36*4 ------- i Safety Car H eat & Lt 100 140 143
Simmons Hardw com 100 172*2 177*2
Preferred...........
0 t 70
75
P referred................. 100 140
It alt list
Seaboard Air Line
2 d preferred............ 100 142 147
Singer Mfg Co............ 100 245 250
Industrial and iYIiscel1
5*2 6*2
Standard Milling Co. 100
22
25
Preferred................. 100
Acker Mer & Condit... 3s 100 102
72
75
os
Alliance Realty........1 )0 100
Standard Oil of N J..100 638 645
Amalg Copper S ee Sto k Excli list
32
Standard Rotary Motor..
33
Am A gric Cliem See B oston list
Preferred.......................
63*2 64
Amer Bank Note C o . . . >0 t 58
Stand Undergd Cable 100 240
Am Bicycle See N YS k Exch List
31
35
16
American Can c o m ...l )0
16*4 Standard Coupler comlOO
Preferred................1 )0 59*4 59*4
P referred................. 100 130 136
Swift 6c Co...................100 104 106
)0
81
83
102
10
S2*i3 85
Preferred .......
1st 5s 1910-1914....J-J n o t
0 » 3*12
4 Tennessee Copper.......25 i 11*4 12*4
Amer Graphopl lone.
Preferred.......
90
.0 1 8
8*12 Texas 6c Pacific Coal.100
JO
5*
1st 6 s 1908..............A-O $106 110
6
P referred................ )0
38
39 Title Guar & T ru st...100 565 595
6 s S ee Stock Exch st
Trenton Pottery com 100
3*2 9*2
74
American Palace Car )0 40L 41*2
Preferred................. 100
80
70
P referred................ JO 85
90 Trow Directory new .. 100
Amer Press Assoc’n. )0 90 100
Union Copper............... 10 ♦ 3*& 3*4
20
33
American Screw...... )0 ........ 80
Union Steel 6c Chain. 100
40
Preferred................. 100
50
)0 38
40
Preferred
)0 97
UDion Switch 6c Signal 50 r 77
99
Preferred................... 50 i 95 100
>0
2
6
1 st preferred......
75
78
Union Typewr com .. 100
)() 53
58
2 d preferred......
1 st pref erred........... 100 125 128 .
)0
6
10
122
American Surety.
2 d preferred........... 100 120
>0 160
185
6*2 7*4
)0 27
27*12 U S Cast Iron P ip e... 100
37
Preferred................. 100
38 ’
A 100
15 ................
U S Cotton D uck...... 100
)0 245 255
U S Envelope com ... 100 . . . . . . •> •>
)0 47
50
78
Preferred................. 100
Exch list
Amor Woolen See S
35
Amer W riting Paper )0
36*j
1 *i
21 i U S Glass com m on... 100
Preferred...............
)0
7
P referred................. 100 140 145
8
U S Rechict<fc Refillin &8ee Stk Ex list
-J
68
5s 1919.............
71
98 100
Anthracite Coal..
)() 70
U S Steel Corp 5s (wli iss)
80
13
18
Barney & 8 m (Jar.
Universal T obacco... 100
JO 24
30
55
Preferred.........
40
JO 128 131
Preferred................. 100
11
8
Va Coal Iron 6c Coke. 100
>0 145
50
48
5s 1949.................... M-S
>0 140 150
Westingh Air B rake..50 1181 182
Bond 6c Mort G uar... I >01* ....... 465
21**2
BriPli Columbia Copp< 5 1 0
9 ]<> White Knob Mining. 100 21
>0i 107 1112 1 Worthing Pump pref. 100 126
THE CHRONICLE.
570
doston, Philadelphia and Baltimore Stock Exchanges— A
r :« r S U a r *
r r 'U « a -N o 4
4*it%irda> y , Mumtlay .
M arch 8. M arch 10
sfle
105* id b *
8 0 1 * 806
100* 107
T u esd a y,
M arch l l
Per
i*r l e e * .
W zdnesda y T h u r s d a y ,
M arch 1 2
M arch 1 3 ,
284% 304%
3 0 3 * 265
10 7
108
108* 109
•445
340
...
•840
■"Ida l e a * la d * Id a * L9 4 1 9 4 * 1 9 4 * 105
[06 168
I d a 15 8
168 100
15 a iaa
139 184
103 ........
13 3
133
74*
76
73* 74*
7 5 * 7 0*
7 8 * 74
00
67
* d l* 55
57
57*
67
57*
U 47*
148
143
148 148
*14?
84*
84*
3 4* 84%
8 1 * B4H 8 4 * 35
30
80%
80
38
38* 30*
80*
30%
m
97
9 6 * 97
9 0* 96*
9 0* 90*
an *
2
9
*
29*
29*
80*
* m 30*
no
no no *109
no no
no
.. ..
-212 .
318 218
3i8 213
*31*8
76% 70%
75*
70*
7 5 * ‘ 7 0 ' 75 9-10 7 0 *
9 0* 37%
8 7 * i7 5-10 9 0 * 87 8-10 3 0 * 30 9-10
40
40 40 1-10 9 -lo
4* * 4 0 *
•40* 1 0 *
8
*
*
8
3
%
32%
8 11-18
33
33% 3 8 * 3 3 *
♦24
34*
3 4* 3 4 *
84
84.
45
45
46
46
4 5 * 4?%
98% 99
*98%
9 9 * 99*
*9ri* 9 9 *
80* 87*
80% 87%
87
87*
87
87%
39*
89*
39% 32%
3 9* 89 *
80* 30*
10
10*
1 0 * 10%
10
10
10* 18%
9
8
*
9
8
*
98* 98%
9
3
*
9
8
*
W8
#8*
00
33
09*
3-4
66
80
*H
>4
08
70
99
22
80* 86*
7-16 'l- 1 8
08
31
87
69*
33
87
*
*
1 2 7 * 1 20* 1 2 7 *
117 1 17* 117 l i t
117
117
100* 163* 10 2 * 1 84* 109% 1 0 3 *
010 010
005
*000 0 !0
33* 33*
28* 28*
3 3 * 88*
2 4 * 28
84* 88*
2 «* 20*
07*
67
07% 07%
S3* 2 3 *
2 8 * 24
2 3 % 94
7 3 * 7-4
7 4* 75
75
75
108 1 0 3 * 1 0 5 * 100*
1 0 3 * 104
127
187*
120
010
78%
74
*80
90
141 141
83
93
2%
5*
10
10*
* 4 0 * *47'
£9%
11%
89*
12*
73*
74
♦89
60
U 0 141
21
21
5*
5*
18
17
119 * 120
47
48
99* 39*
•IS
IS *
73*
■89
141
30*
73*
90
141
21
5*
5%
15
10
n s * 119 *
48
48
39
39*
12
IS
91
9 1 * • 91* 93
♦91* ......... *91
• Bid And naked prices; bo sale wu
91*
•91
9 i%
INACTIVE STOCKS Bid,
S A iL R O A D a,—F r ic e t
Amer. Rallwaj s(Phil) 50
Arti & Chariots©(Balt) 100
So* & Maine pf..(Boat'll00
Boston & P tov . 4‘
100
Conn & Paasum "
100
Conn R iver.o,,
100
Consol T? P ittii (P h il) 5 0
P r e ft.,
” 5G
South St Fla.(Bait) 100
1st p r e f ,...,. u 100
M p r e i , “
100
«J,fmanV'Q PasslPhil) 50
Hcatonv M A T “
50
“
50
P r e i..... .........
Inds Street.. ..
Js 100
AtiStie Schx\yijc. ‘ 4
50
Maine Central. (Boat) 100
M in eM li* S H .lP h ll) 50
W^sQuehon’g V. “
50
^orth P en n —
1 50
?er® Marqu’te.iB oat) 100
Pref.
“ 100
Phil Germ & N.(Phii) 50
Phila. Traction
50
S»ys Co Generali 1‘
,»,.
Rutland pref ..(B o » i>100
aaitedN J.u o, .(Phii)lOO
;/npowih Trans
25
West Bn a pxef. (B o ^ ; 50
West Jer a 8 S.{Phil) 50
West N Y d lp a,
41 50
WIs Cent, new. (B ait) 100
P ref
100
w 0r Nash & B . 11 lo o
MISCELLANEOUS,
^llouvss Mining (Bost) 25
Amer. Cement, (P h il) 10
Am Gold Drettg(Boet) 10
Amer. L A S - . (Phil) 50
AmPnenmSsrvvBost) 50
Pref
“ 50
A r c a d i a n , 14
25
Arnold Mining.
u 25
Atlantic Min’g,
J‘ $5
Baltic Mining.,
i! 25
le t k et$oi
(Phfl) so
Boston Bleo Lt. (Boat) 100
nambrla iron ..(P h il) 50
Camb SDrexel mot64
on C o,.......vBalt) 100
Central Oil.,*v (Best) 25
ConMercxtr gold
M
5
Ouanb Tel A Tel
44 100
D^ly-West Min
• 20
Danv Bessemer (Phil) T*
D eL ong H <fe E
“
10
Diam State S t „
44 10
^r®' ■
,
44
Dom in Coal p t (Bost) 100
Dom Iron A 8.11 u
Boston Con El, (Phii) 50
Edison E l IIli.. (Bost) 100
E lee Co of Amfl (Phil) 50
Pi-anklin Min^g^Bost) 25
General E lect. 44 100
F r e t ............
44 100
G-B-S. Brewing (Balt) ..
Ind-E gypC om (Boat) 100
In t B ut K <fe 8 M 4* 10
In t SP<feDynam(PMl) 50
Isly Royale1]..(Bo8t} 25
Mannfao B ud ..( P hil) 50
A SR,
M a r . 14
48
HHU
.....
173* *
800
165
i»M>
385
**I *i
48
99*
78
10.*.
79
5»*
175
73%
82
75
84
*. *»» 0
98*
MMt;
1 13* 115
1111.
115
09
•»*«*
opoa11
116
•***.
0*0,0
(HI ji
4
4%
5% *090»f
3
3
5*
28
8%
%
-S8
45*
29
9
29
48
HM1I *%*«i
47%
<•**!! . a*« » t
90
98
7
8
2
m
125
is
IB*
H turn
2
m
117
40
so«r
0*••>t
118
40*
* 6 5 " S70
7%
ia * i»H
80S 305
I8&
%
18
>««>!«
04
0 8*
♦21* 22
80
87
18%
3
4IIH
19
*
H
305*
108
240
194%
*160
70
57
14 8
84*
80
97
20%
73^4 73
1%
\%
205
173*
24b
195
♦240
195
...
105
158
158
109
84%
37
97%
7 7 * 80
07* 50*
148 148
3 4 * 84%
86% 37%
00% 9 7 *
2 0 * 80
*0%
no ItO
.....
313 213 ♦211
75*
76%
75* 7 6 *
27% 2 7 *
37 6-10 27%
-4 0 * 40% 40 11-10
33*
83%
83% 13-10
♦24
24*
44% 45
90
90
80% 8 7 *
30% 39%
10% 10%
98% 98%
03%
- 21*
*36
*
129%
130 136
110*
117 117
1 0 2 * 103% 108
590
590 000
38*
S3* S3*
24
)8
19
07% 08*
63*
28
28
23
74
74
78%
1 0 3 * 105
106*
)»«•«« »«•*,<
3 0 6 * *304
173
172
77%
67*
148
73*
90
99
30*
80%
‘ 08%
’ *98%
......
04*
*2 1 *
•80*
*
06%
23
12H*
117
126* 190*
05*
22
*
117
*
117
165% 100%
5 0 3 * ♦000 000
23* 28*
28*
20%
19% 8 i%
08*
23
*98 ** 33%
7 8 * 73%
73%
107
104 10 0 *
100
78*
•«*«««
73* 78*
8%
3%
♦%
♦1*
ig
8 9 * 8 9 * ♦89
eo
142
141 141
143
19% 19%
20
20
1 9 * 19^9
5 6-16 5%
5*
5% 5 * 5 5 -1 0
13*
14*
13
14
13% 15%
110 119%
119%119%
48
48
48
43
47% 48
29
29
2 9*
29
30*
29*
11
U
13
•u*
1 3 * IS *
*27 **««»*
92
03
*9 1 * 9 2 *
96
93
93
93
•05 100
*91
maae.
-89
*140
90
14i
STOCKS—BONDS
MISCELLv—Oonoluded,
M fd Rubber pfd(P h il) 50
Mergenthaler .,(B ost) 100
Mex Telephone
1c
M tVeiCotDuck(Balt) . . , ,
iS©wiflngG&&01(Bost)
New H av i & S.tPhni 5
Old Col Mining. (Bost) 35
Osceola Mining, “
25
Palmetto Co. *,. (Phil) 35
Parrott 311ACop (Bost) 10
P e n n E iic V e h .(P h il) 50
Pref
14
50
Pennsyl S a lt... 4‘
50
Pennsyl S te e l.. “
P r e f ...........
“
100
Phila C o.
“
50
PlantersCompI (B ost) 100
Quincy Mining,
4‘
25
Rhode Ml Min,,
“
35
Santa Ysabei Q li
5
Seattle Electric “
100
P re f... 4‘
100
Susqne I & SI* o(Phil)
5
Tamarack Min. (Bost) 35
Tidewater S t,.. (Phil) 10
Torrington 4<A ,f{Bo3t) 35
P r e f...,, *. .««* “
20
Un Cop L & M’g 41
35
UnBlL&Pow p f (Balt) 50
United Fruit (Bost) .100
25
U 8 Mining .
Utah M ining.,
4*8
W arw ickl & S .(Phil) 10
Westin rel Coal r'
50
W inona Mining(Bost) 25
W olverm e Min. 44 36
iSonde—JBoeton«
Am Beil Tel 4s.,1908 J&J
A TAS F gen g 4s. '95 A&O
Adjustm ent g &S..1995
Boston Term ’l 3 * s . .1947
Bos Un G&e 1st 5s.539 JAJ
2d M 5 c .. . ,,»cl9 S 9 JAJ
BurA Mo Riv e x ’ pt 6s.J&J
Non-exempt 6 s ,’ 18 J&J
Sink fund 4s. .1910 J&J
Cent V t 1st 4a 1930. ,Q-F
Ch Bur &Q 4s. 1933 F&A
Iowa Div 4s. 1919 A&O
Chicago J unc 5 s. 1915 J AJ
Oh & No M gu 5s / 31 MAN
Chi A W M gen Ss.’&l JAt>
Ourr’t Riv 1st 5».}37 A&O
D G R A W 1 st4s.'46 A&O
Domln CoailBtBs.^lSM^S
la s t 'll tet M 6s g.*-06 M&S
F? Blk&M V 1st 6a *33 end
U nkf p ’ d IstesTSBA&O
Illln Steel conv 5s.v10 J&l
Debenture 5a. 1913 A AG
K C C A 8 1 st Qlig.’SB A&O
R C Ft 8&G 1st 7s,'08 J&D
KOW SAMcon 0ST38MAN
K O M k B 1st 4a.,‘ 3 i Mbit
Income 5 s .* ,,.,,,,,
K O & M R y^ B S s.’ Sy A&O
K C St J O& O B 7 i.’ 07 J&J
L Rock&F B 1st 7#.»05 JisO
Mar H & Ont6s...’ 26 A&O
M exC ent 4» g.,1911 J^J
1st con in© 3s g non-cum
3d con ino 3s non-oum*.
Daily and Yearly
Sates
o f the
W eek,
ACTIVE STOCKS-
P rut a y ,
M arch 1 4 .
x U 0 * l8 l*
[VOL. LXX1V.
Bid*
If IncHoatea a n ils to d .
A sk ,
,,
31
•«*.
89
87% . r,-1
48%
10
ii
ISO 134
8
*
7 3 * 75
108
« u*, ■
m
18?
m
«»«««<
SB
%
93
im
S3
■ 6
*%T<
1%
51
f “Ml
U09%
Ina
I 85
I 59
|iao
■111
189
‘ ►
4•
21
39
3%
S5%
94
18*
23%
3
53
00%
117%
80
62
tIMtl
§•«»*»» » *4» *«
§... .
1 89
§101
§108%
§109
3109
$104
IlOO
#110
^110
§1S7
3185
3101
$103
$104
fill 4
3125*
| 99
06
$107
$115
|l05
1118
3 81
88*
38*
R a n g e o f M U * in 1B02
L ow est.
E a U read 8 te ik » ,
Boston & A lb a n y ,................. (B o s to n ),,.*100
2 6 1 * Jan.
Boston Mevatad, full paid.,
“
. . . a 00
2,548 101* Feb
Boston & L ow ell..........
11 ,...1 0 0
80 241 Jan,
242 191 Jan.
Boston & Malms.......... ..............
" ,...1 0 0
Chic* Juno. * Un.Stock Yda.
“
..,.1 0 0
037 162 Feb.
104 180
Preferred
*»
..,.1 0 0
Jan.,
Choc. Qki*. <4 G, trust certs. (P h ils .i.* ., 50 26 ,0 0 0 70 Jan.
Preferred Tr* oertfs ..........
44
. . . . 50 11,103 68 Jan.
Fitchburg, p r e f , , „ » . .......*.(B o s to n ).... 100
680 142 J an.
0,885 34% Mar.
Lehigh V alley.......... .............. (P h ila * ).,,, 50
0,105 88 Jan.
Massachusetts Elect. Cos . .(B o s to n ),*.,100
P r e fe r r e d .,.,.................. .
“
,, 100
a, 177 9 i Jan.
3,016 20 Jan.
Mexioan Central.,
**
,.,.1 0 0
807 104 Jan,
Northern C e n t r a l,,.,,............ (Bait.)
50
60 210 Jan.
Old Col ony. . ,
,
( Bost on) . , , , 100
0,379 78% Jan.
Pennsylvania..........................(P h ila ,),*.. 50
Reading C o m p a n y , . . , . . , . **
. . . . 50 74,32 a 2 0 * Mar
1,102 40
1st p referred...,*.*♦ *............
•* . . . . 50
Mar
2d p r e f e r r e d . . . . , . , “
, , , . 5 0 19,083 80 Jan.
135 28 % Jam
Seaboard A ir Line
(Balt.) ,,,,1 0 0
1,876 44% Mar.
Preferred
“
,.,,1 0 0
469 9 8 * Feb
Onion P a cific.., ................. .(B o s t o n )....,100
304 80% Mar.
“
,..,1 0 0
Preferred ........................«,«
Onion Traction, 9 1 7 * paid. (P h ila * ),,,, 60 18,744 33 Jan.
7,05i 14% Jaru
United Ry & Hlec. C o . ( B a l t . ) , , t. 50
537 94 Jan.
W est End Street..................(B oston ). . . . 50
m i» € ie lla n e o u « S t o c k s ,
Amalgamated Copper 1 , , , , , ( B oston ). . . . 10 0 3S,30i 03% Mar.
Ajmer. Agrioui. Chemical 7 ..
"
,,,.1 0 0
51 0 21 Jan.
Preferred %.......................
“ ,...1 0 0
134 8 1 * Jan.
American A l k a l i , . , . , . , , , , , , , (P h ila .)*,.. 50
2,300
* Feb.
44
,,** 50
Preferred, #10 paid......... .
American Sugar Refining t.(B o s to n ). . . . 100
8,159 1 1 0 * Jam
Preferred If.
,
,
u
.,,.1 0 0
90 115 Jan,
Amer. Telephone & T ehO o,.
“
,„ ,. 1 00
9,880 155 Mar.
Calumet & B e o l a *..............
11 . . . . 25
74 530 Jan.
Cam b.Steel,$ 1 3 * paidreots.( Phila.) . . . . 50
1,984 2 8 * Mar.
Centennial Mi ni ng. ,
( Bo s t on) . . . . 25 53,008
Jan.
Consolidated G a s ( B a l t . ) ,.,.1 0 0
1,180 0 2 * Jam
Consol. Lake S u p erior..,,
(Phila.) .,,,1 0 0
0,378 22 Jan.
1,950 0 0 * Jam
P r e fe r r e d .,,,,,.............
44 .,,,1 0 0
Dominion C o a l ( B o s t o n ) , , , .100
7,033 54 Jan.
Brie Telephone.........»«*.•»,«
"
,,,.1 0 0
1 4 * Jan.
978 7 2 * Mar.
Lehigh Coal & N avigation.* (Phila.) ♦
50
Marsden OoH
44 .,,,1 0 0
m
2 * Feb,
National Asphalt
** , , , , 50
U J an.
80
P
r
e
f
e
r
r
e
d
,
50
1 Jan.
30 89 Jan,
New Eng. Cotton Y a m , pref. (B oston). *»« 100
New England Telephone—
“
....1 0 0
404 185 Jan.
2,782
Old Dominion Copper f ,,.«*»
,f
...
85
1 9 * Mar.
5,217
Philadelphia Elec.1 5 p aid.. ( P h ila J , , , , , , , ,
8 * Jan.
10,725 UM Feb.
Trinity Mining ..........(B o s to n )..,, 35
United Gas Improvement 7. (P h ila.)___ 50
584 115 Jan.
344 40 Jan.
United Shoe M achinery., , , , (B oston ). , 2 5
Preferred
85
B.0H 20 Jan.
United States O i l . , , , , , . . , 25
150 U
Jan.
WeUbach C o.....................
(Phila.) .,<..100
*, U•• 24
Jan.
842 8 8 * Jan,
Westingh, Electric & M fg ... (B oston )___ 50
Preferred
s< . . . . 50
100 89 Jan.
183 184
2%
3*
10*
5
4*
m
3*
02
091
80*
Record.
90
110
110
110
•' »4•
103
LI 3
Jiff u,•
•6 j
J9 0 *
82
84
34*
BONDS
B o a te n —-Concluded,
New Eng congen5s145J&-J
N E Cot Y am 5a 1939F&A
N E Gas & C 1st 5s*. 1987
New Eng Tele 5s*' 16 A&O
6s
,.,.1 9 0 7 A&O
N TAN Bug 1st 7 i.’ 05-J&jT
?-«t mort 6 b.. ..1900 J&J
Rutland 1at 08, . ’ 02 M&N
Rut-Can 1st 4s 1949. J&J
Seat Elec 1st 5sl930F & A
Torrington lo t 5e 1918,,,
West End St 5s, . 102 M&N
4%s .,,.* ..,.,1 9 1 4 M&S
Deb 4 g.*„*,,,1918 MAN
B o n d s - B a t £3m o r
Anacostia & Pot
5s
A tl & Ch le t 7s. 19.07 J&J
A tl Coast L otfa ds ,, J &D
BaltCPaa 1st '6&.1911M&N
Balt Ftmdg 5s. 1910 M&N
Exchange 3*8.1980J&J
Funding; 3%ss 1955J&J
Ba-it&Pl8t6aml 1911A&0
le t 8« tunnel 1911..J&J
Bal Trac 1st 5S.1939M&N
N oBaltDiv 5s.l942J&D
Cony’ruble 5«1906MAN
Central By 8 b,. ,1013 J&J
Consol 5 »,,,,1 9 8 2 MAN
E xt & Imp 5s*1933M&S
Chas City R y ls t 5s ’ 23 J&J
Chas Ry G & El 5 b ’ 09 M&S
CharlC&A ext5s.l909J&J
Sd 7s 1910
City A Sub 1st 5g.l922J&D
City ASub (W ash) lat5s’ 48
Col &Grnvl»t5-0.1917 J&J
Comsoi Gas 8s. ,1910 J&D
5 s,. . . . ........... 1939 J&D
Ga AAlalstpfSs 1945A&O
G-aCarANlstSig* 1929J&J
GsorgiaPlatS-eo 1932J&J
GaSo&Fla 1st 5&.X945J&J
G-B-B Brewing 3-4s 1951 .
Income ,«*,*»*«•««.«,, •»«*
K noxrT rac l»t5s ‘ 28A& 0
Lake R El lBtgu5s’ 42M&8
MetStiWash) 1st 5s’ 95F A
MtVernonCotDuck 1st 5s
I n c o m e ». •< .
New (>ri Gas 1st 5*., .Yar
Newp N&OPlstSffl’ SBM&N
Norfolk St 1M 5s ’ 44. J&J
NorthCent 4*»*1925A&G
8s 1904.. ••*,••••,« .J&J
Senes A 5s 1920.u. .J&J
Series B 5b 1936-,. *J&J
P itt Un Trao 5&.1997 J&J
PotomVal 1st 51.1041 J&J
8ec A v Tn (P itts) 5» ’ 3 4J &B
Bay Fla A W est 5s ’ 34 A&O
Sea board A L 4a 1950*, **
& Roan 5s, 1026 J&»f
Bo. Bound l Bt 5a *41. A&O
OnKllL&Pl»UJ<»,S9M(SW«
U nR y & BU l» t4 s ’ 49.M&S
Income 4s 1949**,,J&D
YirgM id 1st 0S.19O0 M&S
3d series 0 a ,,1911 M&S
8d series 6 s .*1918 M&S
4th aer 3-4-5a.l981M&S
5th series 5s, 1938 M&8
B id. A sk*
8103
§ 58
,*«•«*
104
59
§ ...
Ml
§ 90
§100
’ ftil0C1
§101 * H«M
1103
•< ^ft1
§105% 106%
>'«»*«<
§ 4^9t 102
94
113%
109% ■m »{
(OUI
- ■)>*9 o0441
, r, * »
**not ' *,6*fc*
1 20*
10i%
117%
117
100
t ~1.
•t s
*»HI
KIM! 89%
•» *, » . >(».
!*!>»»»
•&*■•** .. •
•, 4ft 95
>« J» 9* •»*«*»
110
113*
H 5 % 118%
liMII
111
»»***.
......
53%
111%
■>^« •
•U, 4*
54
45% 40%
97
99
119% ■4>D•»
***<*«« I» 9» t>«
80
46 «*** >■
<rt
105 106
111
112
115
.«®ii«>
105% »«sft**
12*
*ftft0!
122
116
•*.» 0*1
♦HIM 118%
318% 119
,,
84%
85
*•**»!! •1*0ft«
84
94%
09%
04%
m i
, , ftiiaft «»»««>
100
110
,*#***
117
Mightoti
2 300
2! 1 7 8 *
2 i240
3 105
20 100
3 186
10 80
16 0 9 *
24 148
6 88*
30 87%
38 0 7 *
15 t o *
7 110
2 218
14 7 0 *
11 20%
0 49*
14 36
24 27
6 60*
28 104*
11
0 40*
3?
% 98*
Mar.
Mar.
Feb.
Mar.
Mar.
Jan.
Mar.
Mar.
Mar,
Jan,
Feb.
Feb.
Mar*
Mar*
Mar.
Mar.
Feb.
Feb,
Feb.
Feb.
Jan,
Jan.
Jan,
Mar.
Feb.
Mar.
13 79
10 24%
1 87
3
*
Feb. 1
Feb. 10
Mar. 11
Jan. 4
7
14
4
ia
12
80
U
14
U
2
17
17
10
8
10
10
18
19
19
14
2
2
%
1
19
13
6 133 Feb. 18
4 1 *9 * Feb. 21
t 100% Mar. 14
14 050 Feb* l
6 20 Jan. 7
14 an Mar. 10
28 6 8 * Mar. 18
21 * '•* Mar, 4
ii 75 M.ar, A
2 108* Mar. 10
2 31 Jan. 38
10 7 8 * Jan* 3
8
4 ^ Jan. 2
2V i 1-16 Feb. 7
20
1% Jan* 13
16 90 Jan. 2
2 142 Mar. H
13 25 Feb. l
27
m Mar. 1
18 1 8 * Mar. 8
15 136 Feb. 8
2 49 Jan. 25
2 2 9 * Jan. 4
9 1 3 * Feb* 6
8 J 80 Jan. 9
11 80 Mar. 14
29 95 Jan. 10
B id .
BONDS
B e.St l m€PS*9—;Co n ciuM,
Y& (Stats) 3gnewT82J&J
00%
Fund debt2-3*. 1991JAJ
W est N C oon 6®.l 914 JdeJ **•*»*
W estVaC&Pl st0g.* 11 J&J 114
W il A W ei a 53.. 1# 5 J&J
B e n d s —F M Iad eijfc& ia
All© Vy E ext 7*1910 A&O
Asphalt Co So i f ctfsl949
A tiC ity lat 5ag,T29 Mm ,( »■•**,
Balls Ter 1st 5s. 1926 J&D
Berg&HBrm J *t0*’31J<fcj
CAm bria Iron 6s. 1917 J <&J
Ches<feD CanlstSfl. >0 J<&J
Choc&Mem stSid 949J&J
ChooOk&G gen 5SU.9J&J 1 1 1 *
Cit's’ St Ry(Ind)oon 5*J33 109*
Colum S tR y 1st con 5s.?S2
Con T ra co f N J ls t 5 » ..73E 1 1 0 *
D el& B Bk 1st 7e.v05 F ^A
East&A 1st M 5s,120 M^N
Sdison Elec 5a stk tr ctfe. 1 1 3 *
331ee& P eop’ s Tr sink tr ctf &
Elm&Wilm 1st 6 aJ10 J<&j
Income 5g... .2862 A&O
m HI Gas-L I s tg 5s, 1928
Hestonv M <&F con 5s.’24
H& IS Top con 5s.’25 A
Indianapolis Ry 4&..1933
Lehigh N a v ^ s . J l d Q~J
RR 4S'-g».,»*««1914 Q-F
Gen M 4 * s g .,1 924 Q-F
Leh V C n in t 5s g.’ SS J&J 1 0 9 *
Lab Yal ext 4s. .19481 &I> <*»%«»
2d 7 a .,.,....... 1910 M&8
Consol 0 s,..*.1923 J^D m m
Annuity 6s,
, J&D
14*
Nat Asphalt 5s.1951.JAJ
New’k Con Ga* 5s ’ 48 J &D
Newark Pas* con 5s. 1930 117%
NYPhii&N or 1st4 s '39 J&J
Incom e 4 s ,.. 1939 M^N
No Penn 1st 4$..'$0 M&N
G en M 7s*.,,««1908 J&j
P enn gen 6 b i%, .1910 Yar
C onsol6#c . , , ,1905 Yar
Consol 5s y .,..1 9 1 9 Yar
Penn ^ Md Steal eon 8?n . 115
Pa & N Y Can 7s..'O0 JJ&D
Cons 5s,,,»*,19S 9 A M )
Cons 4 s ...,,,1 9 3 9 AAO
09*
Penn Steel lat5*.,17 McsA
**>*»*
People’s Tr tr certs
Phila Elec gold trust otfs i 0\> *
04
Trust oertfs 4
c
,
Ph^B r geo M 5g..'30 A&O u« Mv
Gen M 4s g. .1920 A AO
Ph A Read 2d 5s.‘83 A M ? (IlHt
Consol M 7s. .1 9 U JAB
Con At B ig .. ,1911 JAD
Ext { mp
g. '47 A AC
Con M o f ’ 88 4c/87 J^-/ 107
Terminal 5« g.1941 Q-t
P W il & Bait 4*. 19 i 7 AkO
Coliat trust 4^.1921 ja j sJ* ***
W0*
Read Co gen 4a, 1097 J A.'
Rochester Ry con 6s, X030
SchRRAldeUt5» g*35J AD
Scran Trac i it 6*
AN
UnTraoPiUd genSs‘ 97 J AJ M*« H
W elibach s c 5s 1980 >JA i> tu%
lAnd interest.
♦Price include* ov erdue e o i p e
AU SZ-
115*
i «•»,
U lM
119
110
**, *««
127
>•4I»
,**•««
(MIX
*♦, 9
<m i
IMH
», *«,
<*$*'
•»M » 1
. »*V3
*» 9» t
•*•4«
.liO
i**«#
i}*M
» ttiH
%*«,**
00*
i* *' 4*
63
xia.
571
THE CHRONICLE
March 15, 11)0?.|
|m )e$traeut am i ilailvoatl Intelligence.
R A I L R O A D
E A R N I N G S .
riie following table shows the gross earnings of every S team railroad from which regular weekly or m o n t h l y returns
can be obtained. The first two columns o f , figures give the gross earnings for the latest week •r mon I h, and the last two
columns the earnings for the period from J u l y ■ to and including such latest week or month.
The r e t u r n s o f m e street railways are brought together separately on a subsequent page .
N otice Clianjsc—Our yearly totals now all date from J u ly 1.
L atest G ross Ea/m ings
ROADS
W eek
o r M o n th
C u rren t
Y ea r
Previous
Y ea r
Previous
Year
%
1 25,660
1,697,751
$
116,525
1,487,794
16 3 ,9 2 5 1 ,342,266
7 1 0 ,7 4 6
78 ,2 0 0
719 .4 2 8
80,249
32 ,8 6 8 1,2 9 4 ,0 2 3
49,767
3,8.57
4 ,416,836 3 5 ,754,409
2 49.353 1,254,017
4 1 2 ,9 2 4
36,007
85,922
7 ,3 3 8
6 92,783 4,464,031
1 82,093
19,642
6 ,2 6 5
63,889
3 ,517,331 3 3 ,878,908
1 2 4 .2 4 0
95 5 ,5 8 9
5,997
19,576
1 5 ,7 0 4
3,113
38,111
25,929
2,926
1,643
15,706
10 9 ,9 6 0 4,2 7 9 ,0 4 0
50 2 ,8 2 2
58.479
3 8 8 ,0 1 2 3,7 2 4 ,7 7 2
53 2 .0 0 0 2 5 ,513,342
1 49,770 5 ,608,009
364,241
62,976
1,406,018
1,458,655 10,909,231
59,495
1,843
2 91.240 11,298,609
74 8 ,8 3 3 5,6 8 3 ,4 2 6
3,734,061 3 2 ,6 9 4 ,6 0 4
1 33,538 4 ,3 8 4 ,6 8 6
132,981 5 ,2 9 4 ,7 2 0
67,231 3,0 6 8 ,2 8 3
3 ,318,569 2 7 ,9 8 5 ,1 9 0
3 ,1 6 0 ,7 9 4 28 ,2 3 6 ,5 2 7
96 3 ,1 4 3
108,288
2,1 9 4 ,4 9 0 18,513,269
7 7 3 ,3 9 6 7,3 2 8 ,2 6 6
25,734 1,0 8 2 .0 8 3
73.527 3,6 3 5 ,2 4 8
1 24,672 3,6 4 4 ,3 1 6
3 19,815 12,966,447
47 ,8 5 3 1 ,734,543
1 43,593 1,5 4 2 ,2 2 2
1 02,269 3 ,7 9 4 ,2 4 4
103,153
16,148
24,923
8 1 4 ,8 1 0
18,034
1 8 5 .7 8 4
95,309
6 1 4 ,6 2 6
19 7 .0 0 0 8 ,1 7 8 ,9 6 4
36 .4 7 9
75 3 ,4 1 6
65 ,3 4 4
4 6 9 .7 8 4
47 ,4 6 6 1 ,767,773
11,222
110,068
3 ,1 8 9 ,8 9 4 2 4 ,621.036
5 ,7 8 4
234,071
26,210 1,0 1 0 ,0 4 0
5 ,5 6 0
36,217
1 91,317 1 ,3 4 5 ,2 3 6
177,510 1 ,203,524
111,465
7 4 7 ,6 3 7
216,411
29,974
480,281 20 .0 8 3 ,2 0 0
7 2 ,0 6 0 2,768,841
7 7 1 ,7 1 7
18.527
1,319,060
637 ,7 5 0
621,791
1,199,087
36 ,3 1 2
31,363,453
1,208,529
318 ,4 6 6
47,841
4,328,799
153,223
54,665
$
18,078
A d i r o n d a c k ... . J a n u a r y ...
58,328
A la G t Southern 4th w k F eb
A la N O < fe T exas P ac J u no.
N O A N o E ast- F e b r u a r y . 158.709
83 ,2 1 0
A la A Vicltsb’ g F e b r u a r y .
V ick sb Sh A P . F e b r u a r y . 100,316
35,367
Ann A r b o r ........... ls t w k M a r
6,367
A nn W ash A B al. J a n u a ry ...
Atoh T o p A S F e. Jan uary*.. 4,878,152
A tla n ta A C h ar.. N ov e m b e r 258,489
46 ,2 7 3
Atl K n o x v A N o. F e b r u a r y .
12,551
A tla n tic A Birin. F e b r u a r y .
694,648
A tl C oast L in e ... J a n u a r y ...
2 2 ,8 4 4
A tl V aid A W est. F eb ru a ry..
8 ,9 4 8
B a lt A A n n S L . . J a n u a r y ...
B a lt & O h i o .... > F eb ru a ry .. 3 ,629,959
B A O S outhw7. S
140,569
B a n g o r A A roost J a n u a r y ...
5,043
B ath A Ham rnon N ov em b er
15,006
B e lla Zanes A Gin J a n u a r y ...
3,689
B e lle lo n te C ent’] F ebruary..
2,975
B n d g t A Saco R . J a n u a r y ...
2,000
Bull' A ttic a A A r c J a n u a r y ...
9 9 .9 1 5
B u ll K och A . icts L stw k M a r
69 ,7 3 6
B u b a lo A S u s q ... J a n u a r y ...
B u rl C R a p A No F eb ru a ry.. 394 ,2 4 0
C anadian Pacilic ls t w k M a r 656 ,0 0 0
140,130
C en t’l o f G eorgia ls t w k M a r
46,478
C en t’l N ew E n g .. J a n u a r y ...
C ent’ l o f N J ersey J a n u a ry .. 1,309.512
C entral P a c ilic .. D ecem b er. L,509,196
1,551
C hattan S outh’ n. 3d w k Feb.
C hesap A O h io ... 1st w k M ar 270,530
C hic A A lto n R y . J a n u a r y ... 780.002
C h ic B u rl A Quin J a n u a ry ... 4,214,017
C h ic A E I llin o is . I s t w k M ar 150,727
C hic G t W estern. ls t w k Mar 136.562
83,526
C h i c ln d A L ’ v ._. I s t w k M ar
C hic M ilw A St P J a n u a r y ... 3,598,939
Chic A N orth W ’ n J a n u a r y ... 3,5 6 5 ,5 2 5
C hic P eo A St B .. F e b r u a r y . 108,293
C h ic R I A P a c ... J a n u a ry ... 2 ,297,518
956 ,3 6 0
C hic S t P M A O . J a n u a r y ...
31 ,0 6 5
C h ic T erm Tr RR 1st w k M a r
C h oc O k l A Gulf* 4 th w k F eb 116,968
139.709
O ln N O A T P a c. ith w k F eb
Cl C m Oil A St B. ls t w k M a r 3 0 5 ,2 5 4
41,681
P e o ria A E a st’n ls t w k M a r
194.003
C lev B or A Wheel J a n u a r y ...
C olorad o A S ouch 1 st w k M a r 116,075
16,562
C ol N ew b A Bau. J a n u a r y ...
24,191
C o l Sand A H ock 4 th w k F eb
D
ecem
ber.
22.915
C orn w a ll A B e b ..
95,659
C um herl d VaLey D ecem ber.
1st
w
k
Mar
178 ,5 0 0
D e n v e r A R io Gr
37,752
D e tro it Southern. 4th w k j an
J
a
n
u
a
r
y
...
76,532
D e t A M a ck in a c.
4th
a
k
F
eb
55,613
D u lS o Sh A A t l..
10,194
E St B A C aron d . F ebruary..
J
a
n
u
a
r
y
...
3,2 9 8 ,4 9 0
E r i e ........................
is
t
w
k
M
ar
5,894
E v a n sv A Indian
26,472
E v a n sv A T H . . . i s t w k Mar
D
ecem
ber.
6,191
Farmv A P ow h a t
202,668
F t W A D en v City J a n u a r y ...
J
a
n
u
a
r
y
..
184,880
G eorgia R R .........
114 ,4 0 5
G a South A F la .. J a n u a r y ..
January
..
31,035
G ila V a lG A N ..
G r T runk System ls t w k M a r 507 ,0 1 4
3
d
w
k
F
eb
G r T r A W est’ n
72,153
16,376
D e t Gr H A M .. 3d w k F eb
G reat N orth’ n —
F
eb
ru
a
ry
.,
1 ,817,899
S t P M inn A M .
E ast’n o f M inn. Feuruary.. 2 5 3 ,1 5 3
February.,
M on tan a C ent’l
1 5 2 ,3 2 4
T o ta l system . F ebruary.. 2 ,223,376
H ock in g V a lley .. ls t w k M a r
81,245
H ou s A T e x Cent D ecem ber. 505 ,2 4 5
Illin ois C en tral.. F ebruary.. 2,984,919
Illin ois Southern F ebruary..
9.927
In d I I I A I o w a ... O cio o e r. ..
147,090
In t A G t N orth’ u ls t w k M a r
75,544
In te ro c (M ex )___ Wk F eb 22
91,500
Io w a C en tral___ 1st w k M * r
52,456
Iro n R a ilw a y ___ February..
6,642
K an aw h a A Mich ls t w k M a r
12,940
K a n C ity South’n J a n u a ry ...
512.563
B ehigh a Hudson F ebruary..
25,651
L ehigh Val R R .. J a n u a r y ... 2,076,613
Beh v a l C oal C o. J a n u a ry ... 2,000,031
B oxin g A E ast’ n . D ecem ber.
28 ,6 9 0
B on g i s l a n d ___ J a n u a ry ...
I n c . 34
L ou H en A S t B .. J an u a r y ...
53,417
B onis v
N ashv. 1st w k M ar 576,940
M acon A K irm ... F ebruary..
J0,41
Man is A N o E ast N ovem ber
23,720
Manif tiq u e .
F ebruary..
3.046
M ary lan d A Penn J an ua r y ...
18,123
{M ex ica n Central 1st wk Mar 381,88
M exican in tern ’ } J an uary.
547,763
tM exi can N at’l.. 1st w k M ar 153,152
{M exican R y ........ Wk F eb 22
91,000
M exican S ou th ’ n 3d wk Feb
21,300
C u rren t
Y ea r
16.362
47,449
3 1 ,070,935
830,785
23,951
27,065
24,863
16,472
3 ,913,542
425 .4 1 0
3,424,606
20,848,248
5,102,128
432 .4 1 0
10,335,116
64,681
10,602,597
5,487,423
30,200,078
3,9 8 4 ,3 8 4
4 ,794,114
2,767,587
2 5 ,711,824
25,633,281
931,256
16,501,964
6 ,613,674
958,897
2,534,355
3 ,280,286
12,221,636
1,683.459
1,162,839
3,305,661
103,086
696.120
123,860
569,869
7,910,813
697 ,2 2 6
461 ,3 0 6
1,634,012
98,797
22,523,833
229,922
9 9 4 ,2 2 4
33,210
1,2 7 0 ,0 1 4
1,118,450
724,498
221,606
19,264,021
2,678,411
704 ,7 9 0
1,387,479 20,594,091 15,344,757
171,441 3,5 8 6 ,2 8 2 2,649,207
1 81,588 1,138,058 1,434,762
1,740,508 2 5 ,318.431 19,428,726
79,799 3,491,169 3 ,228.097
5 9 8 ,8 2 4 2 ,932,017 3 ,119,213
2 ,959,355 27,113,502 24,636,528
8,233
76 ,5 3 6
91,267
400,392
108,943
562 ,7 9 6
78 ,7 0 0 3,487,087 3,525,995
91,560 2 ,5 7 4 ,9 7 0 2,639,830
45,971 1,778,905 1,637,576
37,090
5,892
o 3.3 / 3
616,963
735,541
14,981
4 35,062 3 ,143,816 2 ,709,922
297,341
248,912
33,873
2 ,204,642
L,9 1 5 ,1 7 8
176,189
197 ,1 6 4
30,322
Inc. 4 - 7,709
,868
392,239
411,019
53,143
55 2 ,3 6 5 2 0 ,839,023 19,174,755
10,092
77.073
86,896
23.362
53,896
46,842
7,981
144,357
15,549
159,261
11,417,044
34 6 ,9 8 0 12,047,218
4 85,608 3,5 7 8 ,4 5 0 3,1 9 2 ,5 6 0
149,541 5 ,142,112 5,014,699
89 ,3 0 0 2 ,897,900 2 ,798,100
502 ,2 6 6
17,033
5 4 1 ,4 5 6
July I to Latest Date
L a test C ro ss E a r n in g s
J u l y I to Latest Date
ROADS
W eek
o r M o n th
M ilieu A So’w’n.. Ja n u a ry.
M ineral R a n g e .. J a u u a r y ...
M inueap A St B. Is tw k .viar
M St P A 8 St M. 1st w k Mar
Mo K an A T exas 1st wk Mar
Mo P a c A Iron Mt Istw k Mar
C entral B ranch Istw k Mar
ls t w k M a r
T otal
M ob J a ck A K C. Wk M ar 1
M obile A O hio, .c F e b r u a r y .
M ont A M ex Gull N ovem ber
Nash Oh A St La. F ebruary .
N e v -C a l-O re ....... J a n u a ry ...
N evada C en tra l.. O c t o b e r ...
N Y C A H u d Riv F e b r u a r y .
N X O nt A W est. J a u u a ry ...
N Y Susq A West J a n u a ry -..
N orfolk A W est’ n ls t w k M a r
Northern Central J a n u a ry ...
N ortli’ n P a cific.. it h w k F eb
P a cific C oast Co. J a n u a ry ...
P e n n —E a s tP A E . J a n u a ry ...
W est P A E . . . . J a n u a ry ...
Pere M a r q u e tte .. 3 d w k F eb
Phtla A E r ie ____ J a n u a ry ...
Phila W ilm A B . . J a n u a ry ...
P ine B lf. A A rk. R. D ecem ber,
Pittsb C C A St L J a n u a r y ..
Pittsb A W est’n . Decem ber,
P ittsb C l A Tol D ecem b er
D ecem ber
P ittsb Pa A F
T o ta l s y s te m ... F ebru ary.
Plant
'
■ System
1
A la M id la n d .
B run s A W ’ n. J a n u a r y ...
Chas A S a v ...
Sav F la A W .
S iiS O c A G . .
R eadin g C o .—
P h il A R e a d ___ J a n u a r y ...
C oal A I r C o ___ J a n u a r y ...
T o t b oth Co’ s .. J a n u a r y ...
R ich F r ’ksb A P D ecem ber.
Rio G rande J e t .. N ovem b er
R io G rande S o ... ls t w k M a r
Rio G r’de W e s t.. J a n u a r y ...
D ecem ber.
R u tla n d .......
J a n u a ry ..
St Jos A G r I
St L a w ren A A d ir 3d w k J an.
St B K e n ’ c t A S o. J a n u a r y ...
D ecem ber.
St L A N A rk
St L A San F ran g I s t w k Mar
St L S o u th w e s t. is t w k M ar
S t L V a n & T H . F ebruary.
San A n t A A P . .. J a n u a r y ...
San F ran A N P .. F eb ru a ry.
San P ed ro L o s A n
geles A S ait B. F ebru ary.
S F e Pres A P h ... 2 d w k D ec
Sav F la A W e s t.. Jan uary.
S eaboard A ir L .. 4 th wk F eb
So C A G a E x t . . . F eb ru a ry..
So H a v e n A E ast. F ebru ary..
F eb ru a ry.
S outhern In d .
D ecem b er.
So M iss A A rk
So P a cific C o 6 ... J a n u a r y ...
Cent P a cific___ D ecem ber.
G al H a r A S A . D ecem ber,
G al H ou s A N o D ecem ber.
G u lfW . T. A P . D ecem ber,
H ous. E. A W.T. D ecem ber.
H ou s. A S h rev. D ecem ber.
H o us A T e x Cen D ecem ber.
L ou is’ a W e s t ... D ecem ber.
M org a n ’s L A T D ecem b er.
N Y T A M e x . . D ecem b er.
T e x A N O r l . . . . D ecem ber.
So P a c o f Cal .. Decern ber.
So P a c o f A r iz . D ecem ber.
So P a c o f N M . D ecem ber.
Southern R a llw ’ y 1st w k M a r
T erre H A In d . . . F ebruary..
T erre H A P e o r .. F eb ru a ry ..
T e x a s C e n t r a l. . 4 th w k F eb
T e x a s A P a cific. I s t w k Mar
T e x S V A N W . January.
T o l A O hio C e n t . L stw k M a r
T o l P A W e s t . . . . ls t w k M a r
T o l St L A W ........ ls t w k M a r
T o r H a m A B u ll'. 4th wk F eb
Union P a c R R . )
O reg R R A N > J a n u a r y ...
G reg Sh L i n e .)
W a b a s h ................. ls t w k M a r
W J ersey A Sea'e J a n u a ry ...
W V Cen A P itt .. S eptem ber
W heel A B E ........ F eb ru a ry
W ich ita V a lley .’.. J a n u a r y ...
W isconsin C e n t.. ls t w k M a r
W rightsv A T ’n .. D ecem b er.
Y azoo A M iss V .. F e b r u a r y .
C u rren t
Y ear
P r ev io u s
Y ea r
Current
Y ear
P r ev io u s
Y ea r
$
$
$
355,803
2,243,950
2,977.247
10,805.585
23,001,189
9 3 0 ,593
2 3 ,901,870
9 2 ,7 5 5
4,20 7 ,3 7 6
571,892
5,173,672
04,238
12,483
44,137,571
3,03 4 ,1 0 2
1,425,804
11,124,514
4 ,7 2 9 ,9 9 0
2 2 ,671,392
3,15 5 ,6 0 0
52,220,772
44,000
5 ,5 5 0 ,1 4 4
3 ,6 3 1 ,5 2 2
6,81 9 ,0 7 8
14,678
11,285,661
1.120,250
612,756
271,631
2,50 5 ,4 7 2
3,987
43 ,9 5 6
64,362
92,474
249,451
6 0 6 ,000
18,000
624.000
3,368
4 9 7 .000
115,389
6 1 8 ,934
8,480
4,808
4 ,499,413
4 6 6 ,498
257,186
269,479
738,736
801,211
316,806
8,008,371
I n c 58
170,417
4 6 5 ,6 4 4
9 3 3 ,0 4 0
3,238
1,877,551
177,853
109,190
18,741
259,215
3,978
40,279
70 ,2 1 4
71,656
275,479
579.000
23,000
602.000
3,311
481,400
102,408
609,320
9,121
4,184
4,490,270
483,020
263,674
296,909
684,436
607,153
337,499
7,466,171
136,037
441,396
8 8 4 ,140
3,806
1,656,500
179,797
100,829
30,873
238,771
340,691
2,400.760
4,273,445
11,623,148
25,154,161
877,700
26,102,610
107,623
4,187,700
6 0 3 ,210
5,242,402
96,916
13,899
47,765,118
3,558,722
1,710,923
11,665,919
5 ,Oo 4,9 90
28,779,002
3,086,927
56,392,272
I n c . 5,0
6,17 2 ,1 6 0
4 ,2 7 0 ,6 2 4
7,007,378
18,609
12,810,849
1,278,792
7 9 9 ,850
2 3 8 ,944
2,832,186
7 5 2 ,584
7 4 2 .604
4,770,858
4 ,5 5 0 ,8 3 7
2 ,630,695 2,490,817 17,902,114
2,658,061 2,826,354 17,963, *z99
5 .288,756 5,317,171 35,865,413
87,860
519,615
90,622
53,093
275,160
52,229
8,383
4 0 3 ,474
8,687
4 3 5 ,688 348,761 3,254,351
1,132,818
9 7 ,1 6 4 l i 3°,6*8*8
8 4 3 ,804
5,267
4,718
20,786
106,150
11,170
20,507
124,725
7,032
3 8 1 ,5 5 4 350,937 15,019,831
131,632 141,196 5,171,886
151,232 1 5 3 ,520 1,408,918
175,936 224,838 1,583,794
56 ,9 6 4
761,243
61,020
16,467,418
16,748,751
3 3 ,216,169
479,961
2 7 4 ,4 2 2
386,309
2,898,739
8,100
19,532
13,139
19,743
19,568
/7 5 2 ,5 8 0 /7 4 2 ,6 0 4
205,912 199,633
21,688
26,117
3,296
2,808
39,510
34,532
22,283
15,783
7 ,148,918 6,150,182
1,509,196 1,458,655
610,035 611,377
40,410
47.373
12,355
12.373
94 ,1 1 0
94,322
25,065
23,633
505,245 5 9 8 ,924
167,605 153,891
9 0 4 ,0 7 0 819,675
35,195
26,694
252,466 2 5 0 ,090
2 ,025,407 1,550,506
4 3 5 ,694 4 2 1 ,6 0 4
221,674 223,798
703,114 7 3 3 ,5 1 6
126,915 117,597
34,140
48,547
11,147
8,609
157,539 178,246
12.500
12,000
50,310
46,360
19,761
20,286
47,637
52,131
9,818
7,502
822,729
*81*997
48,388
13,210,902
5,30 5 ,5 3 0
1,321,516
1 ,7 0 0 ,0 6 4
692,561
4 1 9 ,379
448,936
M ;770.858 A4,5 5 0 ,837
7,500,828 7,09 8 ,1 9 9
1 9 1 ,412
1 8 1 ,614
54,195
50,175
2 6 2 ,000
404,680
121,259
104,393
50,827,054 44 ,9 9 9 ,5 9 0
10,909,231 10,355,116
3,722,766 3 ,3 5 9 ,2 6 8
496388
438,689
98 ,4 6 1
121,603
2,932,017 3 ,1 1 9 ,2 1 3
814,843
950,398
4,54 6 ,0 0 8 4 ,0 9 8 ,9 5 7
146,501
203,360
1,491,811 1,294,473
11,128,609 9,33 4 ,6 4 5
2,266,477 1,926,073
1,286,612 1,032,659
25,878,339 2 4 ,799,284
1,130,109 1,068,893
379,982
372,906
446,392
489,457
8,267,979 7,913,611
85,500
99,300
1,945,552 1,720,339
810,486
802,475
1,758,794 1,617,245
2 5 8 ,4 0 0
323,638
3,942,208 3,211,591 29,387,294 26,745,058
337,495
196,510
102,167
230,237
4,918
103,800
14,116
5 5 5 ,374
311,067 13,331,493 L2,204,064
185, L10 2,382,516 2,27 4 ,4 1 6
309,588
2 8 6 ,546
95,338
217,818 2,286,125 2,000,085
9,395
93,658 4,004,363 3,605*,779
75,069
89,826
15,828
562,529 4,604,776 4,39 5 ,3 5 2
fj C ov ers result# on lines d ire ctly op erated east o f P ittsb u rg ,
* F ig u res fr o m D e ce m b e r 1 a re fo r th e railroad o n ly . { M e x ica n cu rren cy
n in clu d e s J a d u ca h A M em phis D iv isio n fro m J u ly 1 in b oth years.
----'
nnJo
^ j rjAwr, v>»5ui/irii
C entral anil
andits
itsHuDHiuiary
su b sid iarylines,
lines. rju
E arn
rnin
ings
g soio 1tn
thee uCrom
rom w ell S team sh ip B ine, n o t p re v io u s ly re p o rte d , ar<
“ on tg
' om ery “D iv
‘ isio n are in clu d e d in v—
t . ------------j. jrau i a
luth
,,
r at ^ £...................
f a u l t s on M
both
years.
^—x u
ciu u es oat.
as D
jmuiu
tn fo
io r b o th yea rs.
/ T h ose tigu
arc tin- rl J a L im / h ! I L 8 f r n 8
& S ou th ern, Mo. M idland a n d Han A n to n io e x te n sio n fo r tills year, b u t n o t fo»r
r last year.
__________
„ —n.
~ TTnlN TINT''"
u unssw
w i ick
c K os
st!
..........
—
---------------------~ W est’' n an d' S ilv e r ~
‘ gs O
~ ca la A
M Gul'
J u lia n a , uBxru
A w
Weestern,
C harleston
A B avannah,--------S avann ah Fla. A
S p rin
U ; /J6se figures in clu d e, besides th e St. L ouis A dann F ra n cisco p r o p e r , the K a n . C ity F t. S c o tt A M em .system and F t, W orthi A R io G rande,
TMK CHRONICLE.
t o t a l s t o r F is c a l
tea r.
\Latent Croat Earnings.
R o ad s .
Period,
Atlanta & Charlotte A ir Line. Apr. 1 to Nov. 30
Bellefonte C entral......... .......... Jan. 1 to Feb. 28
Burlington Cedar Rap. A No. Jan, 1 to Feb. 28
Central o f New J ersey........ . Jan. 1 to J a n 31
Chicago A N orth-W estern,... June 1 to J a n 31
Chicago Rook Island A Pac. Apr, 1 to J a n 81
Ohio. St. P. Minn. & O m a h a .. Jan. 1 to J a n 31
C hoctaw Oklahom a A G u lf.. Nov. 1 to Feb. 28
Cumberland V a lle y .......... . 6 an. 1 to Deo. 31
East St. Louis A Oarondelet. Jan. 1 to Feb. 28
Ft. W orth A Denver City____ Jan, 1 to Jan. 31
International A Gt. North’® Jan. 1 to Mar. 7
Lehigh V alley R R .. . . ______ Deo. 1 to J a n 3i
Lehigh Valley C oa l_____ . . . . Deo. 1 to J a n 31
Manistee A North E a s te rn ... Jan. 1 to Nov. 30
ManlstLq u e ............................ .. J a n 1 to Feb. 28
J a n 1 to Mar. 7
M exican Central.......... .
M exican in te rn a tio n a l..____ J a n 1 to J a n 31
M exican N a t io n a l,..,............ J a n 1 to Mar, 7
M exican R a ilw a y .,................. J a n 1 to Feb. 22
M exloan So uthern....... ........... Apr. 1 to Feb. 22
Missouri P acific....... ................ J a n 1 to Mar. 7
'Central B ranch.................. J a n 1 to Mar. 7
T o t a l , ., ............. .. ............... J a n 1 to Mar. 7
Monterey A M exican G u lf.,.. J a n 1 to Nov. 30
Northern Central___________ J a n 1 to J a n 81
Pennsylvania, East o f P. A E, J a n 1 to J a n 31
W est o f P. A E ,................... J a n 1 to J a n 31
Pere M arquette..................... .. J a n 1 to Feb. 21
Philadelphia A E rie............... J a n 1 to J a n 31
Phlla, Wllm’ g ’n A B altim ore. Nov. 1 to Jan. 31
Pitts. Olnein. Ohio. A St. L ... J a n 1 to J a n 31
Rio Grande J u n ction ............ Deo. 1 to Nov. 30
St. L. Vandalia A T erre H „ .„ Nov. 1 to Feb. 28
South H aven A E astern_____ J a n 1 to Feb. 28
South. M issouri A Arkansas.. J a n 1 to Dec. 31
Terre H aute A Indianapolis.. Nov. 1 to Feb. 28
Terre H aute A P eoria............ CJov. 1 to Feb, 28
T exas A P acific___ . . . ___ . . . . J a n 1 to Mar. 7
West Jersey A S e a s h o r e ...... Jan. 1 to Jan. 31
j C urrent
Previous
Year.
!
Year.
9
$
1,899.309 : 1,721,868
7,083
8,004
814,019
841,880
1,309,512 1,406,018
32.149,028 20,321,458
2 4 ,8 8 7 ,5 '9 22,069,244
773,896
956,360
1,917,578 1,491,441
1,110.083 1,036,775
26,247
23,017
191,317
202.6C8
901,841
856,013
4 014,013 4,411.082
4.041,693 3,940,404
813,339
301,428
12.213
15,362
3,420.061 3,173,142
547,764
485,009
1,435,879 1,316,767
735.800
669,100
736,152
769,961
5,836,164 5,958,189
156,700
207,593
5,992.864 6,185,782
1,269,594
1,278,109
738,736
684,436
8,008,371 7,406.171
Ino. 588.100
1,177,907 1,048,899
465,644
441,396
2,877,402 2,845,202
1.877,551 1,656.500
575,350
558,679
665,986
683,909
7,924
6,224
226,735
185 542
646,765
508 938
175,351
188,562
2,096,212 2.211,463
196,510
185,110
Latest Gross Earnings by Weeks.—In the table which
follows we sum up separately the earnings for the latest
week. The table covers the first week of March and
shows 2'58 per cent increase in the aggregate over the same
week last year.
1st week o f March.
A nn A r b o r ... ...............
Buffalo Booh, A P ittsb’ g.
Canadian P a oifio.. . . ____
Central o f G e o r g ia . . . . . .
C hattanooga Southern...
Chesapeake & O h io____
Chicago A East. Illinois.
Chicago Great W estern
Chic. IndlanTia A Louisv.
Chic. Term. T ran sfer___
Clev. Cin. Ohio. A St. L ..
P eoria A E astern .........
Colorado & Southern___
Denver A R io G ra n d e.
Evansv. & Indianapolis.
E vansv. A Terre Haute.
Grand T r u n k ............... >
Grand Trunk W e s t.. >
Det. Gr. H av. & M ilw ,)
H ocking V a lley ...............
Int. & Great N orthern ..
Iow a C en tra l............... .
Kanawha A M ich iga n ...
Louisville A N ashville..
M exican C en tral.___ . . . .
M exican N ation al.. . . . . . .
Minn. & St. L ou is......... .
Minn. St. P . A 8. Ste. M ..
Mo. Kansas A T e x a s___
Mo. Pacific A Iro n M L . . .
Central B ra n ch .___...
N orfolk A W e s te r n ......
Rio Grande S ou th ern... .
St. Louis A San F r a n ....
St, Louis Southw estern..
Southern R ailw ay . . .
T exas A P a c i f i c .'...........
T oledo A Ohio C entral..
T oledo Peoria & W est’n .
ToL St. L. A W e s t ........
Wabash ............................
W isconsin C e n t r a l.......
T otal (42 r o a d s )........
Net increase (2,58 p. c .l.
1902.
1901.
$
35,367
99,915
656,000
140,131
1,831
270,530
150,727
136,562
83,526
31,065
305,254
41,681
116.076
178,500
5,894
26.472
9
32,868
109,960
532.00C
149.770
1,518
291,240
133,538
132,981
67,231
25,734
319,815
47,853
102,269
197,000
5,784
26.210
507,014
480,281
20,733
81,248
75,544
52,456
12,940
576,940
381,887
153,152
64,362
92,474
249,451
606,000
18,000
269,479
8,388
381,554
131,632
703,114
157,539
50,310
19,761
47,637
337,495
103,800
79,799
78,706
45,971
14,981
552,365
346,980
149,541
70.214
71,656
275,479
579,000
23,000
296 909
8.687
350,937
141,196
733,516
178,246
46,360
20,286
52,131
311,067
93,658
1,446
7,361,698
7,176,737
Increase.
$
2,499
124,000
Decrease.
$
10,045
9,640
313
17,189
3,581
16,295
5.331
13,806
110
262
6,485
20,710
14,561
6,172
18,500
3,162
2,041
24,575
34,907
3,611
5,852
20,818
27,000
_______;
.
30,017
___ £;•:
-- 1
3,950
_______
26,428
10,142
400,008
184.961
26,028
5,000
27,430
304
9,584
30,402
20,707
........
525
4,494
........
215,137
For the fourth week of February our final statement covers
52 roads, and shows 8’74 per cent increase in the aggregate
over the same week last year.
4 t» week o f February.
P reviou sly rep ’ d (38r’ ds)
A labam a Gt. Southern..
Chatt&Dooga Southern...
Choc. Okla. & G ull..........
Oln. ST. O. & T exas P ao..
Colorado A S ou th ern...
>oi. Sandusky A Hock's?.
Duluth 8o. Shore & A tL .
Mob. Jackson A K. City,.
Northern P acific..........
St. Louis & San F r a n ....
St. Louis S ou th w estern ..
Seaboard A ir L in e...........
T exas Central...................
T oron to Ham. & Buffalo.
Total (52 roads)............
Net Increase <8‘74 p. o.).
1902.
1901.
Increase.
$
6,068,928
58,328
1.795
116,968
139,709
96,000
24,191
55,613
3,368
801,211
448,099
154,447
205,912
11,14“
9,818
$
5,752,971
47,449
2,267
73,527
1 24,67‘7
65,601
24.923
47,466
3.312
607,153
397,631
169,214
199,833
8,609
7,502
9
4 2 1,059
10,879
8,190,534
7,531,930
779,677
658,601
---..„„
43,441
15,037
30,399
8,147
56
194,058
45,468
Decrease.
$
105,102
472
__ _ _ ,
„_„„,
732
14,767
6,279
2,538
2,316
121,073
[VOL, LXXIV,
Net Earnings Monthly to Latest Dates.—The table follow
ing shows the gross and net earnings of S t e a m railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the C h r o n i c l e of Feb. 22
1902. The next will appear in the issue of March 22, 1902.
Cross E a rn in g s.—* •----N et Jtarn in g t.— .
C urrent P reviou s
C u rren t P revious
Y ear.
Tear.
Tear.
Tear,
Hoad*.
§
*
*
.
A diron dack a ___ Jan.
18.078
16,362
7,027
5,620
July l to Jan. 8 i . . „
126,560
116,636
34,002
38,288
A n n ’p .W ’sh. A B al.aJan.
6,387
3,867
2,176
372
July l to Jan. 3 1 ___
36,312
49,767
18,592
9,803
Ann a r b o r . b ......... Jan.
154,032
167,490
57,675
64,877
July X to Jan. 3 1 ___ 1,120,877 1,038,978
352,916
305,573
12,851
A tlantic & B in n ’ gh.Feb,
7,338
6,451
1,905
July l to Feb. 2 3 .....
47,841
37,372
85,923
10,274
B altim ore A Annapolis
Short L in e .a . . . . . Jan.
8,265
8,948
2,838
1,815
July 1 to Jan. 3 1 .. ..
68,889
54,665
20,082
18,593
B alt. A O h io .b .. ...F e b . 3,629,959 3,517,331 1,022,265 1,093,494
July 1 to Feb. 28 ..3 3 ,8 7 8 ,9 0 8 31,070,935 12,507,719 10,427,083
B eilaire %. A Oln.—Jan,
15,704
4,371
15,006
1,880
Bellefonte Cen tra l.. Feb.
3.113
3,689
1,584
025
Jan. 1 to Feb. 28 . . .
1,482
7,088
8,604
3,401
B rid gt, & S a co K .bJan,
2,975
620
784
2,926
July 1 to Jan. 3 1 ___
6,558
7,762
24,868
25,929
Surl.C ed. R. A N o.a. Jam
447,640
146,082
192,829
426,007
Central P a c ific .b ...D e o . 1,509,196 1,458,655
484,907
416,775
July l t o Deo. 31___ 10,909i281 lO ia a s ilie 4,339,370 4,316,970
Ohio. In d .A L o u ls.a .J a n .
334,084
316,512
101,174
105552
July l t o Jan, 3 1 ___ 2,701,062
' ''
907,299
2,429,710 1,062,730
Ohoctaw O kl.& G .b, Jam
357,987
162,982
188,273
■*469,504
Noy. 1 to Jan. 3 1 .. ., 1.428.163 1,087,913
572,653
545,103
O olum .N ew b.A L .b Jam
9,256
16,148
16,562
8,595
July 1 to Jan, 3 1 ___
103,080
103,153
32,278
37,624
Oenv. A R io G ’d e.b.Jan.
306,783
931,403
252,502
846,276
July 1 to Jan. 3 i ___ 7.261.164 0,955.713 2,701,604 2,567,458
F t.W .A D en , C ity .b J a m
202,668
68,931
57,000
191,817
Honst. & T e x . Cent.Dec.
226,210
505,245
598,924
289,457
July 1 to Deo. 3 1 ___ 2,932,017 3,119,213 1,221,377 1,540,021
Illinois C en tra l...a .J a n . 3,493,554 3,220,473 1,382,831 1.269,669
July l t o Jan. 3 1 .. ..2 4 ,1 2 8 ,583 2 l',6 7 7 ;i7 3 8,021.860 6,683,540
M exican C en tra l...J a n . 1,629,969 1,460,976
388,506
545,788
771,996
Pere M arq u ette.a -.J a n .
120,149
683.396
122,797
465,644
ch ila . A E r ie .b ..... Jan,
133,039
441.396
112,389
Rio Grande South, fc Jan.
47,291
22,476
21,771
45,238
352,649
July 1 to Jan. S I . . . .
340,812
156,913
101,909
435,688
Bio G rande W est. b. Jan.
348,761
129,413
197,838
July 1 to Jan. 3 1 ___ 3,254,351 2,893,T39 1,301,041
924,043
Southern P a e.C o.a . Jan. 7,148,918 6,150,182 2,185,834 1,862,573
July l t o Jan. 3 1 .. .. 50,827,054 44,999,590 18,496,891 16,211,835
Central P a ciflo-b .D ec. 1,509,196 1,458,055
416,775
484,907
July 1 to Dec. 3 1 .. 10,909,231 10,335,116 4,839,370
-------------- 4,316,979
'
------G al.H ar.& S an A .bD ec.
610,035
611,377
128,600
149,689
July l t o Dee, s i . . . 3,722,766 3,359,268 1,099,941
732,801
G u lf W. T. A P ae.bD ee.
12,355
12,373
3,475
def.798
H oust.E . & W .T .b .D ec.
94,110
37,169
94,322
42,793
July 1 to Dee. 3 1 . . . .
496,388
438,689
175,15.4
162,487
25,065
H ou st.A S h reye.bD ec.
12,206
23,633
2,4,547
July 1 to Dee. S i . . . .
121,603
49,230
50,437
98,461
153,891
Louisiana W est.b ,D ec.
167,605
70,108
74,466
July 1 to Dec. 3 1 . . . .
950,398
438,367
814,843
352,978
Sf’ g’n ’ sL a .& T ex.b D ec.
904,070
381,934
416,686
819,675
J u ly l t o Dee. 3 1 .. .. 4,546,008 4,098,957 1,891,502 1,642,463
N. Y . T e x . & M .b . Dee.
35,195
9,253
12,143
26,694
July 1 to Dee. 3 1 . . . .
203,360
146,501
85,417
58,737
250,090
T exas A N. O rl.b .D e c.
252,406
58.476
94,255
July l t o D ec. 3 1 . . . . 1,491,811 1,294,473
467,452
376,881
So. P ac. o f C a l.b .D e c . 2,025,407 1,650,506
635,343
898,661
J u ly l t o D ec. 3 1 ....1 1 ,1 2 8 ,6 0 9 9,334,645 4,720,641 3,894,465
435,694
421,604
8o. P ao. o f A riz .b Dee.
237,805
191,781
Ju ly l t o Dec. 3 1 .. ,. 2,266,477 1,926,073 1,189,250
997,385
121,775
223,798
So. Pao. o f N. M .b. Dec.
221,674
145,840
622,576
July 1 to Deo. 3 1 .. .. 1,286,112 1,032,659
798,289
81,502
87,843
Tol, P eoria A W est...Feb.
21,981
20,497
790,201
782,715
200,752
201,215
July l t o Feb. 2 8 . . . .
9,895
W ichita V a lley .. . . . . Jan.
_______
4,918
5,028
2,101
a Met earnings h e r e g iv e n a re a ft e r d ed u ctin g t a x e s ,
**
*ar»nus-«
a r » b e fo re d ed u ctin g ta x e s .
* Covers railroad operations only.
Interest Charges sad Surplus.—The following roads, In
addition to their gross and net earnings given in the fore going, also report charges for interest, & e.s with the surplus
above or deficit below those charges,
-Iwt., ren tais, ete.C urren t P reviou s
C urrent Preview*
Tear.
Tear.
T m r.
Tear.
*
Send*
$
8
$
2,083
2,083
A tlan tic & Blrm’ gh.Feb,
4,368
def.178
10,666
July l to Feb. 2 8 .. ..
16,066 . £0,706
def.892
550
B ellefon te Central..Feb.
551
1,034
74
1,100
2,801
Jan. l to Feb. 28 —
1,101
381
Choc. Okla. A G ulf.Jan.
55.636
4S.612
1131,416
1127,059
Nov. 1 to Jan. 3 1 ----159,027
434,940
129,957
1402,528
Oen. A R . G ra n d e... Jan.
196,897
216,397
1119,873
tl8 6 ,0 9 8
July 1 to Jan. 8 1 .. ., 1,451,891 1,420,214 11,374,265 *1,258,888
Pere M arquette. . . . Jan.
133,270
8,465
114,382 def.13,121
R io Grande S ou th .. Jan.
18,084
17,683
8,737
4,793
29,702
36,450
July l t o Jan, S I . . . .
127,211
125.459
Tol P eo. A W e s t...F e b .
22,450
28.730 def. 1,953 def, 1,749
16,984
188,804
July 1 to Feb. 2 8 .. ..
183,768
17,411
I These figures are a fter allow ing fo r other Incom e and fo r discount
and exchange. A fte r deductin g $10,000 for Renew al Fund and
bond con version in Jan,, 1902. and $10,000 in J an ,, 1901, the surplus
for the-m onth is $109,872, against $176,098 a year ago. From July t
to Jan. 81, 1902, the deductions for this purpose were $70,000,
against $90,009 a year ago, leaving a surplus o f $1,804 ,2 6 c tu 1902.
against $1,168,838 in 1900.
\ Includes net earnings o f mines.
THU CHRONICLE
M arch 15, 1902. J
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period o f all s t r e e t railways from whloh we are able to on
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that Is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last tw o columns the earnings
for the calendar year from January 1 to and including such
latest week or month
8T R E E T R A IL W A Y S
A N D T R A <T T IO N C O M P A N I E S .
Latest Cross Earnings. Jan. 1 to Latest Date.
Prev’ue Ourrent Previous
Week or Eo Our’nt
Tear.
Tear.
Tear.
Tear.
G ross
E a r n in g s .
A lt o n R y . G a s & E le c .
A m e r i c a n K 'y » . O o .fr.
B i n g h a m t o n R R .........
B r ’ k ly n R a p .T r . C o ..
C h ic a g o & M il. E le o ..
O lt y E le o . (R o m e .G a .)
d e v .C h a g r ln F ’s E l’ o
C le v e la n d & E a s te r n .
C le v e la n d E le o tr lo . .
d e v e . E ly A W e s t ...
O le v e . P a ln e v . & E . . .
D a r t .& W ’ p o r t S t.R y .
D e n v e r C ity T r a m ....
D e t r o i t U n i t e d .............
R a p i d R a i l w a y .........
T o t a l ...........................
D u ln t h -8 u p . T r a c t . >
D u lu t h 8 t . R y . . . , s
E lg in A u r o r a & S ou
G a l v e s t o n C i t y ...........
H a r r is b u r g T r a c t io n .
I n t e m a t ’l T r a c t io n —
( B u f f a l o ) .......................
L e h i g h T r a o t i o n ..........
L o n d o n 8 t. R y .(C a n .)
M a d . ( W l s .) T r a o t i o n
M a s s . E l e c . C o . ’ s .........
M o n tre a l S tre e t R y .
M u s c a t i n e S t . R y ____
N e w C a s tle T r a c tio n .
N e w L o n d o n S t. R y . .
N o r th e r n O h io T r a c t .
O l e a n S t . R y ..................
O r a n g e C o. T r a c t io n .
P h ila d e lp h ia C o .{
)
O o n s o l .T r . ( P i t t s .) V
U n it e d T r. ( P i t t s .) )
P o tt s v ’e U n io n T ra o .
R a ilw a y s C o .G e n .—
R o a d s ............................
L i g h t C o ’ s ....................
S a c r a m e n to E le c tr ic
G a s & R y .....................
S t. L o u i s T r a n s i t ____
S c h u y lk ill T r a c t io n .
S i o u x C i t y T r a c t ........
S o u t h e r n O h io T r a c t .
T acom a R y. & P ow er
T o le d o R y s . & L ig h t.
T o r o n t o R y ......................
T w in C ity R a p . T ra n
U n i o n (N . B e d f o r d ) ..
U n ite d T r a o t io n — )
A lb a n y C ity j
U n it e d T r a c t . (P r o v .)
$
$
9
$
D ecem ber.
1 2 ,5 6 7 * 1 2 ,2 9 3
F e b r u a r y .. 7 0 ,6 1 b
58 058
1 4 9 ,8 6 7
120 804
1 5 ,1 6 9
1 8 ,3 6 7
J a n u a r y ..
1 5 ,1 6 9
1 3 .3 6 7
D e c e m b e r . 1,085,625 9 7 8 , 0 2 6 1 2 4 9 7 2 8 4 1 1 9 8 6 1 1 0
8 .2 3 2
J a n u a r y ...
1 0 ,9 5 4
1 0 ,9 5 *
8 ,2 3 2
J a n u a r y ...
3 ,3 8 0
3 ,3 6 2
3 ,3 8 0
3 ,3 6 2
D ecem ber.
4 ,3 e ti
4 7 ,9 7 0
7 ,4 7 4
D ecem ber.
9 0 ,3 9 0
J a n u a r y ... 1 8 8 D 8 2 1 6 6 ,7 3 2
1 8 8 ;0 8 2
1 6 6 .7 3 2
J a n u a r y ...
1 8 .7 0 0
1 5 ,1 6 3
1 8 .7 6 0
1 5 ,1 8 3
J a n u a r y ..
1 0 ,2 0 1
8 ,6 7 4
1 0 ,2 0 1
8 ,6 7 4
J a n u a r y ...
7 ,9 4 1
6 ,9 6 4
7 ,9 4 1
6 ,9 6 4
J a n u a r y ... 1 1 9 ,7 0 2 1 0 8 ,4 1 2
1 1 9 ,7 0 2
1 0 8 ,4 1 2
Istw k M a r
6 7 .4 7 7
5 0 ,0 8 3
5 3 0 ,3 8 2
4 6 3 ,3 3 6
4 ,3 1 4
1st w k M ar
5 ,0 6 3
6 4 ,0 3 3
3 2 ,4 8 7
l s t w k M a r 6 2 ,5 4 0
5 4 ,3 4 7
5 9 0 ,4 1 5
4 9 5 ,8 2 3
J a n u a r y ...
3 6 ,2 3 6
3 1 ,9 6 3
3 6 ,2 3 6
3 1 ,9 6 3
F e b r u a r y ..
D ecem ber.
J a n u a r y ...
2 8 ,2 1 5
1 0 ,5 0 8
3 1 ,9 4 7
2 4 ,5 1 9
5 7 ,2 9 0
5 1 ,1 1 8
2 6 ,0 1 8
3 1 ,9 4 7
2 6 ,0 1 8
D e c e m b e r . 2 6 3 .2 4 2 2 4 6 ,7 7 4 4 ,5 3 8 ,6 0 1 2 , 6 9 7 , 8 7 2
J a n u a r y ...
1 0 ,1 9 9
9 ,4 8 9
9 ,4 8 9
1 0 ,1 9 9
J a n u a r y ...
1 0 ,1 1 8
9 ,2 5 6
1 0 ,1 1 8
9 ,2 5 6
5 .2 6 6
J a n u a r y ...
5 ,2 6 6
J a n u a r y ... 3 8 5 4 9 3 3 6 3 ,5 3 9
3 8 5 ,4 9 3
3 6 3 ,5 3 9
J a n u a r y ... 1 5 5 ,0 3 0 1 4 3 3 8 5
1 5 5 ,0 3 0
1 4 3 .3 8 5
J a n u a r y ...
6 ,5 3 8
6 ,0 8 7
6 ,0 8 7
6 ,5 3 8
J a n u a r y ...
9 ,5 9 4
7 ,9 2 8
9 ,5 9 4
7 ,9 2 8
Ja n u a r y ••.
3 ,4 1 2
3 971
3 ,4 1 2
3 ,9 7 1
J an u ary.
4 8 ,2 8 7
4 5 ,6 3 1
4 8 ,2 8 7
4 5 ,6 3 1
D ecem ber.
4 ,4 2 8
5 1 ,4 1 6
4 ,6 3 8
5 4 ,2 6 7
J a n u a r y ...
6 ,2 3 6
5 ,8 0 3
6 ,2 3 6
5 ,8 0 3
J a n u a r y ...
1,218,953 1,061,552 1 ,2 1 8 ,9 5 3 1 ,0 6 1 ,5 5 2
J a n u a r y ...
1 2 ,2 1 4
1 0 ,9 3 9
1 2 ,2 1 4
1 0 ,9 3 9
J a n u a r y ...
J a n u a r y ...
1 6 ,4 5 6
2 ,0 7 3
1 3 ,0 6 4
1 ,8 4 8
1 6 ,4 5 6
2 ,0 7 3
1 3 ,C 6 4
1 ,8 4 8
J a n u a r y ...
F e b r u a r y ..
D ecem ber.
J a n u a r y ...
F e b r u a r y ..
D ecem ber.
J anu ary.
D ecem ber.
J a n u a r y ...
J a n u a r y ...
3 3 ,6 0 5
4 1 9 ,4 4 9
1 0 .3 5 6
1 6 ,5 7 2
2 1 .0 5 0
3 2 ,5 2 4
1 1 4 ,1 1 3
1 4 5 ,3 9 8
2 7 2 ,1 5 8
2 3 ,1 1 7
3 2 ,1 0 5
3 2 ,1 0 5
3 3 ,6 0 5
4 0 5 ,9 3 7
88 0 134
8 4 1 ,8 7 0
1 4 0 ,0 9 7
1 1 5 ,6 7 6
1 0 ,1 8 7
1 4 ,6 8 3
1 6 ,5 7 2
1 4 ,6 8 3
4 4 ,9 6 5
18 332
3 8 ,1 8 6
2 9 4 ,1 3 2
2 8 ,9 4 7
3 7 8 921
1 0 1 ,1 3 2
1 0 1 ,1 3 2
1 1 4 ,1 1 3
1 2 7 ,0 9 6 1 ,6 3 6 ,8 6 1 1 ,4 8 4 ,5 9 7
2 3 6 274
272,15* 2 3 6 , 2 7 4
1 8 ,7 1 4
1 8 ,7 1 4
2 3 ,1 1 7
J a n u a r y ... 1 1 8 ,3 8 3 1 0 6 ,7 4 2
1 1 8 ,3 8 3
1 0 6 ,7 4 2
J a n u a r y . . 2 0 8 ,0 0 0 1 9 0 ,5 4 9
2 0 8 ,0 0 0
1 9 0 ,5 4 9
578
Central R ailroad o f New Jersey.
(F o r the year ending Dee. 31,1901. J
The report of President Baer for the year 1901, with the
income account in detail for two yearn, arid the balance sheet
Dtc. 81, 1901, are published on pages 581 to 588. Below are
comparative statistics for seveial years:
O P E R A T IO N S , E A R N IN G S, E X P E N S E S A N D O il A RUES.
Operations
1801.
1900.
1899.
Earnings—
M e r c h a n d is e ................ $ 5 , 0 7 3 , 4 1 7
C o a l....................................
7 ,2 3 0 ,8 1 7
P a s s e n g e r s ....................
2 ,6 0 2 ,7 4 6
E x p r e s s a n d m a l l..
2 9 3 ,8 7 7
M i s c e l l a n e o u s ...........
8 5 ,8 5 3
$ 4 ,7 4 4 ,0 3 9
6 ,2 8 3 ,6 5 3
2 ,5 6 9 ,0 « 5
2 8 4 ,2 7 2
9 4 ,5 9 7
$ 4 ,5 1 8 ,4 8 8 $ 3 ,7 0 9 ,0 5 0
6 ,2 0 8 ,7 9 3
6 ,0 6 7 ,3 8 8
2 ,6 3 6 .1 5 9
2 ,3 8 0 ,0 2 9
2 7 1 ,7 2 9
2 8 5 ,0 5 6
1 0 9 ,5 4 6
1 1 4 ,3 2 4
T o t a l e a r n i n g s ..$ 1 5 , 2 8 6 , 7 1 0 $ 1 3 , 9 7 5 , 6 4 6 $ 1 3 , 6 4 5 , 7 1 0 $ 1 1 , 5 0 5 , 8 4 7
Expenses—
M a tn t . o f w a y , & c . . , $ 1 , 3 6 1 , 7 6 0 $ 1 , 3 2 1 , 8 7 5
M a ln t . o f e q u i p . . . .
1 ,6 5 4 ,4 9 5
1 ,7 3 6 ,5 8 8
C o n d u c t in g t r a n s p .
4 ,2 0 1 ,4 0 5
4 ,1 9 0 ,3 6 5
G e n e r a l a n d tra ffic .
6 0 7 ,5 8 7
6 2 9 ,5 1 8
T o t a l e x p e n s e s .. $ 7 , 8 2 5 , 2 4 7
$ 7 ,8 7 8 ,3 4 6
P .c . o f e x p . t o e a r n .
(5 1 -1 9 )
(5 6 3 7 )
N e t e a r n i n g s ............... $ 7 , 4 6 1 , 4 6 3
$ 6 ,0 9 7 ,3 0 0
O th e r o p e r a 's ( n e t ) .
5 9 3 ,7 4 9
5 2 1 ,3 8 4
In c o m e fr o m in v e s t.
1 ,3 0 9 ,3 7 6
1 ,2 3 6 ,3 1 8
T o ta l in c o m e .... $ 9 ,3 6 4 ,5 8 8
$ 7 ,8 5 5 ,0 0 2
$ 9 9 1 ,1 5 8
1 ,6 0 1 , 7 8 8
4 ,2 3 7 ,5 0 8
5 9 4 ,9 5 3
$ 8 7 5 ,5 4 8
1 ,1 9 8 ,6 3 5
8 ,7 2 0 ,2 3 0
6 0 0 ,0 6 5
$ 7 ,4 2 5 ,4 0 5
(5 4 -4 1 )
$ 6 ,2 2 0 ,3 0 5
5 0 6 ,0 0 5
6 5 8 ,2 8 8
$ 6 ,3 9 4 ,4 7 8
(5 5 5 8 )
$ 5 ,1 1 1 ,3 6 9
4 5 5 ,8 6 9
5 9 6 ,5 2 6
$ 7 ,3 8 4 ,5 9 8
$ 6 ,1 6 3 ,7 6 4
INCOME ACCOUNT.
N e t i n c o m e , a s a b o v e ...............................................
Deduct—
1901.
$ 9 ,3 6 4 ,5 8 8
T o ta l....................
Surplus fo r y e a r ...............................................
$7,711,620
$1,652,968
B A LA N C E SHEET DEC. 31.
1901.
1900.
1 0 1 ,1 3 2
5 6 ,3 4 6
5 0 ,5 1 5
ANNUAL REPORTS.
203
520
37s
325
325
Knickerbocker Ice Co. of Chicago. 376
Lehigh Coal ft Navigation........ 627
Lehigli Valley............................... 203
Maryland Coal.......................... 170
Monongabela River Consolidated
Coal ft Coke............................ 266
National Biscuit........................ 126
National Carbon........................ 476
National Lead. ........................... 425
Niles- Bement- Pond Co............. 326
Northern Central...................... 473
Periusylvnrilu ItR.................. 625, 631
Pennsylvania Company........... 525
Pere Marquette RR. ............... 322
People’s Gas Light ft Coke....... 376
Philadelphia ft Erie.................. 520
Philadelphia VVUrn. ft Baltimore.. 52(1
Pittsburg Coal........................... 370
Quincy Mining........................... 8"fl
Republic li on & Steel.............. 825
Pressed Steel Car...................... 203
San Francisco Gas & Electric... 470
Southern New England Telephone 47(1
United States Leather.............. 477
U. S. Steel Corporation.......... 206, 272
426
Milwaukee Electric Rv. & Light... 426
206
IM
470
320
383
324
473
476
323
527
203
{27
2«6
475
474
324
324
Str e e t R a il w a y s —
1899.
T o t a l ............................... ..........................8 9 , 2 1 2 , 9 0 4
- V . 7 4 , p. 4 7 3 , 93 .
8 6 ,4 7 5 ,0 6 4
8 3 ,6 5 4 ,1 7 4
2 7 ,0 5 5 ,8 0 0
4 6 ,9 5 4 ,3 5 0
1 ,0 7 8 ,4 5 5
1 ,6 3 6 ,3 0 4
1 ,6 2 3 ,3 8 3
5 ,3 0 5 ,8 8 0
8 3 ,6 5 4 ,1 7 4
Missouri Pacific Railway.
Annnal R eports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the I nvestors ’ and Street R a i l w a y S u p p l e m e n t s .
This index does not include reports in to-day’s C hronicle .
Railroads , Etc.—
P a g e.
Ra il r o a d s , Etc.—(Con.)— Page.
American Dlst. Tel. Co. of N. Y__
American Hide & Leather...........
American Snuff.............................
American Strawboard..................
American WeOlen.................. 527,
Associated Merchants. .............
Atcb. Top. & Santa Ke (0 mo«.)__
Balt, ft Ohio (applic. to Mat I’ ., L.
E. ft W. Va. System ref. bonds)..
Cambria Steel 12)^ mos.)...............
Central RR. of New Jersey (ad
vance report).............................
Chicago Junction Ryu. & Union
Stock Yards................................
Chicago Peoria ft St. Louis..........
Chicago Telephone........................
Choctaw 02laharna ft Gulf'...........
Commercial Cable.........................
Consolidated Gan Co. of N. Y.......
Delaware ft Hudson......................
Delaware Lack. & Western..........
Diamond Match.........................
Distilling Co. of America..............
Electric Co. of America................
General Chemical...............
Gulf ft Ship Island (bal. sheet of
Get. 81. 1001)...............................
$ 6 ,5 9 1 ,2 5 5
$ 1 ,2 6 3 ,7 4 7
$
R a ilroa d and eq u ip m en t.......................................... 55,112,875 52,701,271
5 0 ,9 0 2 ,9 3 5
Securities o w n e d ........................................................ 26,143,275 26,495,528
2 3 ,1 7 6 ,9 1 0
610,951
....
A d v a n ces fo r c o n s tr u c tio n .....................................
In su rance fu n d .................................
100.000
........
Supplies and m a teria ls.............................................
612,020 592,390
5 3 7 ,6 1 8
C a s h .....................................
1,398,733
1,037,593
1 ,1 0 6 ,5 2 0
D ue fro m a g e n ts..............................
6 0 4 ,2 9 1 )
D ue from railroads, & c....................
517,283 > 1,594,537
4 ,1 2 7 ,4 0 9
Other com p an ies & in d iv id u a ls..
4 2 7 ,1 2 3 )
598,729
.............
In terest du e.................................... .
B ills receiv ., L. & W .B . Coal C o ... 8 ,0 2 5 ,2 2 5 ) .
,,,
3 ,8 0 2 ,7 7 9
Other a c co u n ts....... „ ..........................
6 2,399 5 *>003 ,
8treet Railway Net Earnings.—
the
1 1 4 ,1 1 3
1900.
$ 7 ,8 5 5 ,0 0 2
I n t e r e s t o n b o n d s a n d g u a r a n t i e s ..................
$ 2 ,6 7 6 ,7 6 4
$ 2 ,6 9 3 ,2 7 9
M is c e lla n e o u s i n t e r e s t ...........................................
6 6 ,6 4 4
6 6 ,9 7 3
R e n t a l s ............................................................. - .................
2 ,3 5 4 ,7 4 7
2 ,1 2 3 ,6 0 7
4 0 :4 ,9 4 9
T a x e s ....................................................................................
8 5 1 ,7 8 1
I n s u r a n c e r e s e r v e f u n d ........... ..........................
1 0 0 ,0 0 0
R e n e w a l a n d i m p r o v e m e n t f u n d ....................
3 5 0 .0 0 0
D e p r e c i a t i o n o f l o c o m o t i v e s .................... ..
1 9 0 , ObO
D i v i d e n d s .................................................................... (5 % % ) 1 ,5 7 0 , 5 1 6 ( 5 % ) 1 , 3 5 5 , 6 1 5
* E a r n in g s f o r D e c e m b e r , 1 9 0 0 , in c lu d e a n u n u s u a l I te m o f $ 1 , 5 9 1
w h ic h d o e s n o t a p p e a r In 1 9 0 1 .
T o t a l a s s e t s ......................................... 8 9 , 2 1 2 . 9 0 4 8 6 , 4 7 5 , 0 6 4
fr T h e s e a r e r e s u lt s f o r p r o p e r t ie s o w n e d .
L ia b ilities —
+ S t r ik e o f e m p lo y e s In O o t o h e r . 1 9 0 1 .
1
R e s u l t s n o w I n c lu d e t h e P i t t s b u r g R a ilw a y J C o ., o p e r a t i n g t h e C o nC a p it a l s t o c k ............................................ . 2 7 , 4 1 1 , 8 0 0 2 7 , 2 1 3 , 8 0 0
B o n d s (se e I n v . Sup . ) ...................... 4 6 , 6 8 4 , 1 0 0 4 6 , 5 8 6 , 1 0 0
s o lid a te d T r a c t io n a n d a l l t h e o th e r c o n t r o ll e d p r o p e r t ie s In P it t s b u r g .
I n t e r e s t d u e ................................................... 1 ,0 3 6 , 6 1 5 | 1 , 0 6 9 , 3 5 4
The follow ing table gives R e n t a l s .............................................................
returns of S t r e e t railway gross and net earnings reoeived V o u c h e r s a n d p a y - r o l l s ........................ 1,429,'k 96 )
D u e r a ilr o a d a n d c o m p a n i e s ...........
this week.
M l.’f o l \ .1 4 9 8 .2 6 8
O th e r c o m p a n ie s a n d in d iv id u a ls .
.---- Gross Earnings.—
— Ne t Earnings. —
3 4 ,1 0 6 J
I n t e r e s t , d i v ., e t c ,, o v e r d u e ...............
Previous
Ourrent
Current Previous
5 4 8 ,2 3 6
........
D iv i d e n d d u e F e b ., 1 9 0 2 ..................
Tear.
Tear.
Tear.
Tear.
8 6 2 ,1 9 6 )
T a x e s ..................................................................
Boads.
%
9
9
$
1 4 9 ,4 4 6 V 2 , 3 9 0 , 6 1 6
M i s c e l l a n e o u s .............................................
874
298
N e w L o n d on S t. R y . Jam
3 ,9 7 1
8 ,4 1 2
E q u i p m e n t a o o o u n t s ............................. 1 , 0 4 7 , 1 9 2 )
1 5 ,8 0 8
J u ly 1 t o J a m 3 1 . . .
1 9 ,9 3 1
4 7 ,3 2 2
4 3 ,2 3 2
ICO,ObO
...............
I n s u r a n c e r e s e r v e f u n d ......................
3 5 0 ,0 0 0
................
1 4 ,1 1 2
1 3 ,0 9 5
R e n e w a l and Im p ro v em e n t fu n d .
N o r t h e r n O h io T r a o . F e b .
4 1 ,6 4 3
3 5 ,3 4 8
2 6 ,9 9 5
P r o fit a n d l o s s .............................................. 9 , 3 6 9 , 8 9 3
7 ,7 1 6 ,9 2 6
3 3 ,2 1 6
Jam 1 to F eb . 2 8 . . .
8 9 ,9 3 0
8 0 ,9 7 9
T o le d o R yB. & L t .a . J a n .
1898.
M ile s o p e r a t e d ...........
677
677
678
685
P a s s e n g e r s c a r r ie d . 1 4 . 1 9 8 , 6 1 2
1 3 ,9 1 0 ,6 3 8
1 3 ,8 4 4 .2 7 3
1 2 ,8 1 5 ,5 1 1
P a s s , c a r r ie d 1 m l l e . 1 7 5 , 5 0 8 , 4 9 7 1 7 4 . 5 8 6 , 4 1 1 1 6 9 , 4 4 8 . 9 8 7 1 5 7 , 1 6 4 , 7 4 5
Rate p e r p a s s .p e r in. 1 '4 8 3 o ts.
1 - 4 7 2 o ts.
1 -4 9 7 o ts.
1 - 4 8 3 o ts .
F r ’ t t o n s o a r . ( r e v .) . 1 7 , 5 9 6 , 8 4 3
1 6 ,2 5 6 ,8 2 1
1 6 ,1 8 4 ,3 2 9
1 2 ,9 5 9 ,9 1 8
F r’ t to n s ea r. 1 i n lle l3 9 5 3 lB 5 9 1 1 2 6 6 1 1 3 2 4 4 1 3 0 3 8 6 8 2 5 8 1 0 6 b 7 4 2 H 4 2
R a te p e r to n p e r m . 0 8 8 2 o ts .
0 - 8 7 1 o ts .
0 8 2 3 o ts .
0 8 2 3 o ts.
R ev en u e to n s per
t r a in m i l e ..................
4 7 0 -9
4 1 1 -7
3 5 4 -1
305
F r o lg h te a r n in g s p e r
t r a in m i l e .................
$4152
$ 3 -5 8 6
$ 2 -9 1 4
$ 2 -5 0 9
P a s s e n g e r e a r n in g s
p e r t r a in m i l e .........
$0 79320
$ 0 -7 3 2 8 1
$0 72910
$ 0 -6 8 3 7 0
G r o s s e a r n s , p e r m . $ 2 3 , 9 2 4 - 7 3 $ 2 1 , 7 5 5 - 7 0 $ 2 1 , 3 3 2 - 0 9 $ 1 8 ,0 6 9 * 3 6
Page.
(R eport f o r the year ending Dec. 31, 1901.)
President Q-eorge J. Gould says in part :
General Results.—Since Jan. 1 the net income and current
resources have been further increased by $1,113,800, being 5
per cent interest on the Texas & Pacific second mortgage
bonds owned by the St, Louis Iron Mountain & Southern
Railway Company, and this amount, although applicable to
the business of 1901, will be taken into the income account
for 1903. Interest, dividends from investments and income
from sources other than operation amounted to $2,473,431, or
37*4 per cent of the amount required to pay interest on bonds
and rental charges, so that only 11-3 per cent of the gross
earnings from operation, or 34-0 per cent of the net operating
income was called upon to meet the fixed interest and rental
charges of the system. The gross earnings per operating
mile were $6,600. The net operating income was $3,154. The
amount called upon to meet fixed interest and rental charges
(after applying other income) amounted to $745 per mile.
The property and the income having reached a point where
dividends could be resumed and maintained at the rate of 5%
per annum, the board of directors declared dividends of 2%%
each, payable July 20,1901, and Jan. 20,1902, and appropriated
the remaining surplus income to the improvement of the
property and to strengthening its financial resources. The
574
THE OHBONLOJLB.
results accom plished du rin g the past year are particularly
gratify in g , in view o f the alm ost com plete failure o f the corn
crop in tire tributary cou ntry, Present indications for b u si
ness in 1902 are bright,
Im p r o v e m m ts. — The p olicy o f m a tin g liberal exp en di
tures, w ith a view o f reducing cost o f transportation and
m eeting the necessities o f an increased volu m e o f traffic, has
been continued. These expenditures aggregated $2,645,018,
v iz .: Grade reductions and changes o f line, $1,020,251 ; new
steel and m asonry bridges, $869,939; new station buildings,
fuel and water stations, $399,179; additional side tracks,
$348,455; equipm ent, 500 b o x cars fo r Central B ranch R y.,
$343,720; balance, $263,467 m iscellaneous. O f these exp en di
tures $294,328 were ch arged to capital accou nt and the ba l
ance, $2,350,885, to in com e a ccou nt, as fo llo w s ; T o m ain
tenance expenses, $398,808; against in com e accou n t year
1901, $1,608,657; to surplus incom e Central Branch R y.
year 1900, $343,720. N o other charges have been m ade to
capital accou nt except fo r additional equipm ent, costing
$6,267,417, the purchase o f securities cov erin g , or the con
stru ction o f new m ileage, or the purchase o f real estate and
righ t-of-w ay.
O pera tin g R esu lts.— The result o f these expenditures w ill
be to redu ce the cost o f transportation. S om e benefit has
already been received, but the fu ll measure o f econ om y
should be fou n d in the reports o f subsequent years. D u ring
the current year co n d u ctin g transportation expenses in
creased on ly $666,481 over last year, or 8*3 per cent, w h ile
gross earnings increased $4,368,806, or 18 5 p e r c e n t. The
average train load o f the system increased from 252*5 tons in
1900 to 284T tons in 1901. Independent o f the appropriations
o f in com e fo r im provem ents ab ove specified the expenditures
fo r m aintenance o f the road and equipm ent w ere on a liberal
scale. The am ou n t charged to m aintenance o f w a y was
$905 per m ile ; repairs o f locom otives am ounted to 5 98 cents
per m ile run ; repairs o f freigh t cars, 4 ‘5 m ills per m ile run.
A cqu isition s — In v iew o f the recent large railroad co n
solidations in the territory tributary to the M issouri P acific
lines, it was deem ed prudent, in order to p rotect throu gh
business to the P acific Coast, as w ell as the business to the
im portant and g row in g States o f C olorado and U tah, to ac
quire an interest in the D enver <fc R io G ran de R R . Co.
[$14,800,000 com m on and $7,800,000 preferred stock w ere ac
qu ired from the proceeds o f $18,495,805 new stock issued du r
in g the year.— E d .] This has been done in con n ection w ith
allied interests. C ontrol is n ow in frien d ly hands. W h ile
p rotectin g the M issouri P acific system , this acquisition need
not interfere w ith the frien d ly interchange o f business w h ich
has alw ays been m aintained b y the D en ver & R io G rande
w ith its other Eastern connections.
T he St. L ouis Iron M ountain & Southern R y. has ae
quired the securities o f th e N e w Orleans & N orthw estern R R .,
w h ich runs iro m C ollinston to N atchez and opens up val
u able territory, and in connection w ith a lin e being con
stru cted by the Texas & P acific road fro m R ed R iv er to Con
cord ia provides a line fo r traffic to N ew Orleans w ith grades
o f 15 feet to the m ile, as against a grade o f 52 feet to the m ile
b y w ay o f A lexan dria, at the same tim e shortening the dis
tance over 80 miles ; also o f the L ittle R ock & H ot Springs
W estern B y ., the latter securing to the road the best possible
lin e fro m the north and east into H ot Springs, a g row in g
cen tre of traffic and an im portant health resort.
[N o t e —T h e V ic e P re s id e n t’ s r e p o r t s h o w s th a t $ 4 ,1 7 2 ,9 0 0 stock: an d
$ 2 ,0 0 0 ,0 0 0 b o n d s o f th e N e w O rle a n s & N o r th w e s te rn a n d $ 1 ,1 4 0 ,0 0 0
(e n tir e ) s t o c k o f th e L ittle R o o k & H o t S p rin g s W e s te r n w e r e a c q u ir e d
a t a c o s t o f $ 2 ,0 9 8 ,5 0 0 fr o m f u n d s in th e t r e a s u r y a n d $ 1 ,4 9 0 ,7 0 0 A r
k a n sa s M id la n d R y . s t o c k an d $ 1 2 4 ,8 7 5 B r in k le y H e le n a & In d ia n
B a y R R . s to c k , b y th e p r o c e e d s o f $ 8 8 2 ,0 0 0 o f St. L o u is I . M . & S o u th
e r n g e n e r a l c o n s o lid a te d r a ilw a y a n d la n d g r a n t b o n d s .—E d .]
New M ileage.— The expenditures fo r new m ileage are
prin cip ally represented b y the finishing o f the line a lon g the
M issouri R iv er from Jefferson C ity to B oon ville and from
Lake C ity to Kansas C ity, thus com p letin g a low -gra d e line
from L abadie to Kansas C ity, 248 m iles. T he com p letion of
th is line, avoiding the heavy grades o f the present m ain line
o f the M issouri P acific road, w ill m aterially increase the
efficiency and redu ce the transportation expenses o f th e sys
tem ,
These are expected to be opened fo r traffic abou t
.A pril 1, 1902.
T he report o f Secon d V ice- President Charles G . W arn er
says in p a r t ;
E q u ip m en t.— In addition to the equipm ent acquired and
paid fo r during 1901 orders have been placed fo r d elivery in
1902 o f 88 locom otives (68 for use in freigh t and 15 in passen
ger service), 400 R ?gers ballast cars, 500 stock cars, 880 lu rid
tnre cars and 2 cafe observation cars. F o r the still fu rth er
im provem ent o f grade lines 3 additional steam shovels and 3
L id gerw ood unloader engines w ill be available in the early
part o f 1902.
R oadw ay, E tc.—-Adjustm ent o f grades was accom plished
along 150 m iles to standards h eretofore reported as adopted
and additional side tracks and fa cilities furnished ; bridges
w ere replaced and, together w ith culverts, strengthened and
m ade available for heavy traffic ; heavier rail w as laid along
226 m iles, releasing other rail w h ich has been used to the
best possible advantage at other locations. The total num ber
o f miles n ow p rovided fu lly w ith Class A steel structures is
as fo llo w s: M issouri P acific R y. and branch lines, 1,945; C en
tral Branch R y ., 208 ; St. L ou is Iron M ountain & South: rn
R y. and branch lines, 1,484 ; total, 3,637 m iles.
Traffic Statistics.— The fo llo w in g tables com piled fro m the
com p a n y’s reports show the changes in tonnage of principal
articles carried, and other statistics;
[Vou LXXIV.
MISSOURI PACIFIC itY.
Year,
Total. Lumber.
TONS CARRIED (000a O m itted).
Live Stock. Bulk Grain.
Goal.
1901.............7,770 52fi(6'7% ) 697 (7*7%) 1,495(19-2% ) 1,627(20-9% )
1900 ..........6.895 475 (6*9%) 552 (8-0%) 1,392 (20-2%) 1,451 (21-1%)
ST. LOUIS IRON MOUNTAIN * SOUTHERN (0008 Omitted).
Year.Total.
Lumber.
1901 ........,6 ,9 4 8 1,703(24-6% )
1900 ........ ,5,8 46 1.470(2^-2% )
1 8 9 9 -----------5,389 1,356 (25 1%)
Live Stock. Bulk Grain.
9 0 (1 -3 % ) 768 <ll%.)
101(1*7% ) 549 (9*4%)
118(2*2%) 440(8*2% )
Goal.
878 (12*6%)
655 (11*2%)
510 (9*5%)
S tatistics. —The statem ent o f operations and earnings o f
the com bined M issouri P acific and St. L . I. M. & So. system s
(in clu din g the Central B ranch R y ., h eretofore show n separ
ately, the Kansas C ity N orthw estern R R . and the Sedalia
W arsaw & S outhw estern R y. in b oth years for the purpose
o f com parison) fo r tw o years is as b elow given ;
OPERATIONS AN1) FISCAL RESULTS OF MO. PAG. AND ST. L I. M. & SO.
1901.
5,570
M iles o p e r a te d , a v e r a g e ..................... ...
Operations—
1900.
5,352
P a sse n g e rs c a r r ie d ........................ ..
5.074,892
P a sse n g e rs c a r rie d o n e m i l e . . ..............
270,895.220
R a te p e r p a sse n g e r p e r m ile .................
2*210 ots,
F r e ig h t (tons) c a r r ie d (r e v e n u e ).. . . .
1*3,059,027
F re ig h t (ton s) o a r r ie d 1 m ile (r e v e n u e )..3, 234,221,895
R a t e p e r t o n per m ile (r e v e n u e )......... .
0*825 ots.
N o, o f r e v e n u e to n s In t r a in .................
259*4
E a r n in g s p e r fr e ig h t tra in m ile ...........
$2*30547
E a r n in g s p e r passe utter tra in m ile ___
$0*98600
G r o s s e a r n in g s p e r m ile o f r o a d . . ........
$6,600*25
5,308,519
249,958,897
2*219 Ots.
11.480,732
2,718,013,993
0*854 cts.
230 8
(2*11370
1-00030
.,826*18
$26,676,118
5,975.544
1,239,346
706,297
72,460
1,991,328
$23,224 617
5,546.092
1,230,599
- 622,218
70,800
1,597,962
Total earnings.................................. $36,661,693
$32,292,288
Earnings—
F rom
F rom
F rom
F rom
F rom
F rom
fr e ig h t .................................................
p a s s e n g e r s ....................... ................
m a ils .......................................... ........
e x p r e s s . . . . .....................................
r e n t s .....................................................
m is c e lla n e o u s .................................. .
Expenses—
Transportation... .................................
Motive power...............
Maintenance ol w a y..............................
Maintenance ol oars...............................
General.........................................
$8,789,816
7,088,137
5,013,920
1,905,763
817,878
$8,123,336
5,95h,111
4 306.996
2,106,640
708.312
Total................................................ $23,615,514
Ratio of operating expenses to earnings,
(64*416)
Net earnings........................................... $13,045,579
$21,203,395
(65 661)
$11,088,893
T he consolidated in com e accou nts o f the M o. P ac. & St.
L, I. Mt. & So., in clu d in g all leased and operated lines, fo r
1901 and 1900 are as b elow g iv e n :
CONSOLIDATED INCOME ACCOUNT OF MO. PAC. AND ST. L. I. MT. & SO.
1901.
Net earnings........................
$13,045,579
Other income, dividends, interest, & o ...
2,473,431
1900.
$11,088,893
1,371,889
T o t a l ................................................................
$ 1 5 ,5 1 9 ,0 1 0
$12,460,782
Deduct—
Interest on bonds, and rentals................
$6,615,889
T a x e s ........... ................................................. . . . . . .
S u n d r y a c c o u n t s .................................................
1 ,0 8 2 ,9 1 6
3 4 1 ,6 8 3
$6,791,798
1,061,094
785,340
T o t a l ...................................
B a la n c e , s u r p lu s .......... ....................................
$ 1 1 ,6 0 4 ,2 9 0
$ 3 ,9 1 4 ,7 2 0
$8,642,232
$3,818,550
Dividends on Missouri Pacific stock........
3,563,802
T b e statem ents o f the M issouri P acific R a ilw a y system and
o f tb e St. L ouis Iron M ountain & Southern R ailw ay system ,
separately, are given below for fo u r years:
MISSOURI PACIFIC RAILWAY.
M iles o p e r . D ee. 31.
E arnings—
P a s s e n g e r s .........—
F r e ig h t ..........
M a il, e x p . & m is c e l.
T o t a l ___ . . . . . . . .
EARNINGS AND EXPENSES.
1900.
1901.
1899.
1 ,5 1 3
1 ,5 3 9
1 ,5 1 3
$
$
$
2 ,0 7 6 ,5 9 4
2 ,1 7 8 ,4 7 2
1 ,9 8 8 ,7 6 9
8 ,7 0 9 ,3 2 2
8 ,0 7 8 ,3 8 8
7 ,3 7 e ,9 (i6
2 ,2 7 5 ,1 1 9
1 ,9 7 8 ,0 9 8
1 ,7 9 1 ,8 9 1
1898.
1,5 1 3
$
2 ,5 4 6 ,4 9 0
9 ,6 9 1 ,7 4 2
1 ,8 7 3 ,0 4 5
1 3 ,1 6 2 ,9 1 3
1 2 ,1 3 3 ,0 8 0
1 1 ,’ 5 9 ,7 2 6
1 4 ,1 1 1 ,2 7 7
T r a n s p o r t a t io n ........
M o tiv e p o w e r ........ ...
M aln t. o f w a y ............
M ain t. o f e a r s .........
G e n e r a l .............
.
3 ,0 2 6 ,5 6 1
2 ,5 7 9 ,4 3 6
1 ,7 9 3 ,8 9 0
1 .0 3 5 ,0 8 2
3 1 4 ,6 5 8
2 ,9 3 2 ,8 5 2
2 ,3 1 2 ,9 8 6
1 ,5 2 3 ,4 3 4
1 ,1 1 7 ,1 4 4
2 6 9 ,2 4 0
3 ,2 0 8 ,7 1 1
2 ,1 8 5 ,4 0 5
1 ,3 1 3 ,1 5 2
1 ,0 9 1 ,1 8 8
2 6 2 ,2 4 3
4 ,3 7 2 .2 7 4
2 ,9 7 0 ,4 1 3
2 ,2 0 5 ,4 1 0
9 9 5 ,3 7 6
2 9 8 ,5 1 8
T o t a l .....................
P .c . o f e x p . t o e a r n ’ s
N e t e a r n in g s ___ . . . .
8 ,7 4 9 ,3 2 7
8 ,1 5 5 ,6 5 6
(66*46)
(67*38)
3 ,9 7 7 ,4 2 4
4 ,4 1 3 ,5 8 6
INCOME ACCOUNT.
1900.
1901.
$
$
3 ,9 7 7 ,4 2 4
4 ,4 1 3 ,5 8 6
1 ,3 3 8 ,9 3 2
6 4 2 ,7 6 1
8 ,0 6 0 ,6 9 9
(72*14)
3 ,0 9 9 ,0 2 7
1 0 ,3 4 1 ,9 9 0
(76*83)
3 ,2 6 9 ,2 8 7
1899,
$
3 ,0 9 9 ,0 2 7
3 1 9 ,0 9 8
1898.
$
3 ,2 6 9 ,2 8 7
1 6 7 ,4 9 9
Expenses—
Meceipts—
N e t e a r n i n g s ...........
S u rp lu s o f b r a n c h e s
D iv s ., in t., r e n ta ls ,
e t c — ..................... .
2 ,9 4 7 ,3 0 2
2 ,3 1 0 ,3 8 5
9 1 7 ,2 7 7
6 2 3 ,0 3 1
8 ,6 9 9 ,8 2 0
6 ,9 3 0 ,5 1 0
4 ,3 8 5 .4 0 2
4 ,0 5 9 ,8 6 7
2 ,8 8 1 ,1 9 4
6 9 5 ,2 2 1
1 6 7 ,4 3 6
9 2 ,0 0 8
3 .5 6 3 .8 0 3
3 ,3 0 1 ,7 2 9
6 5 7 ,4 4 3
1 1 6 ,2 8 5
7 7 ,1 5 9
3 ,0 5 8 ,4 3 8
6 4 5 ,8 7 4
3 ,0 5 8 ,4 3 8
6 4 9 ,3 5 9
1 1 5 ,0 8 6
2 2 8 ,3 4 1
T o ta l d is b n r ’ t s ..
7 ,3 9 9 ,6 5 7
3 ,9 3 5 ,5 3 0
4 ,1 5 2 ,6 1 6
S u rp lu s f o r year—
1 ,3 0 0 ,1 6 3
8 9 9 ,8 7 2
2 ,7 7 7 ,8 9 4
GENERAL BALANCE SHEET DEC. 31
4 ,0 5 2 ,2 2 0
7 ,6 4 7
T o ta l n e t in e ’ e ..
Disbursements —
I n te r e s t o n b o n d s .T a x e s . . . . ............. . . .
Rentals.......... .
Other charges— ...
TDividfYndft .........
1901.
^
1900.
^
116,182
1899.
^
116,182
1898.
Road & equipm’t... 59,782,291 55,631,854 54.948,522 58. i l l , 488
Stocks & oonds ... 71,331,657 60,101,122 56,018.672 56.805,061
144,000 1,414,000 1,414,000
M.P. 5 p .O .f'd notes _____ ...
S t.L .I . M .& S o . n o t e s
............................... ...........
4 9 5 ,0 0 0
495,000
847,384
Materials & sup.... 2,086,868
990,984 1,007,196
962,721
Cash ___
4,009,469 4,949,951
719,482
Sundry aoets. ooll’i. 2,093,080 1,441,138 2,166,801 2,161,183
658,318
Misoel. accounts.... *2,072,018 1.185,013 1,063,703
Total assets....141,374,978 124,443,562 117,828,376 116,023,006
M
a r c h
575
THE CHRONICLE
15, 1902.]
American Tobacco Co.
1899.
1898.
1900.
1901.
CjJ
$
$
Liabilities—
$
Stook.................... 76,402,876 50,432,150 47,448,660 47,447,075
Bondsisee INV.Sup.) 64,012,000 66,374,000 62,138,000 62,138,000
980,088
966,690
Int. due Ac accru’d ..
954,180 1,135,475
753,108 2,714,040 1,702,188
Notes payable.........
653,162
2,277,910
2,699,156
2,598,401
Accounts payable.. 3,528,282
816,970
500,000
Loans payable...........................
Dividend................. 1,910,050
711,850
6(10,355
1,257,311
Miscellaneous........
776,781
435,715
35,843
Income account.—
3,237,705 3,213,608
f Report f o r year ending Dee. 31, 1D01.)
The report says in substance: “ There has been no change
in the capital stock or dividend scrip daring the year. Cash
to the extent of $11,908,205 has been expended during the
year in the purchase of properties, plants, businesses and
stocks of other companies. The [following] statement does
not include the company’s share, of the undivided net earn
ings for 1001 of companies in which it is interested, amount
Total liabilities.141,374,973 124,443,562 117,828,376 116,023,005 ing to about $1,500,000, which it has been deemed advisab
* inoludes $1,368,822 “ expenditures on account of construction not to declare as dividends, but to let remain for the prese
as surplus on the books of those companies.”
and projected lines.”
The earniD gs, balance sheets, etc., compare as follows:
ST. LOUIS IRON MOUNTAIN & SOUTHERN RAILWAY.
EARNINGS, CHARGES, ETC.
RARNINOS AND EXPENSES.
Miles operated Deo. 31.
1901.
1,774
1900.
1,774
1899.
1,774
1898.
1,774
1901.
1900.
1899.
1898.
$
$
$
$
1901.
1900.
1899.
1898.
Net earns, over oharges.. 6,647,114
E arn in gs fr o m —
$
$
$
$
D educt—
Passengers................... 2,596,181 2,448,302 2,389,637 2,162,687 Dlv.
on pref. st’k (8 p. o.) 1,120,000 1 , 120,000 1 , 120,000 1,007,020
Freight........................ 13,104,756 11,014,596 10,340,270 9,492,157 Dlv. on common stock *. 3,270,000 3,270,000 2,872,500 1,612,300
Mail, express&miso... 1,260,134 1,118,139 1,076,211
988,701 Interest on scrip............
180,834
1 9 2 ,1 4 3
214,800
180,890
Total earnings........ 16,961,021 14,581,037 13,806,118 12,633,545
Total......................... 4,570,890 4,570,834 4.184,643 2,834,120
E xoen ses—
Surplus for year............ 2,076,224 1,732,664 1,017,741 2,123,684
Transportation............ 4,050,273 3,622,063 3,647,842 3,493,763 Surplus Jan. 1 ............... 4,308,093 2,575,430 22,557,689 7,447,850
Motive p ow er.............. 2,990,655 2,378,299 2,230,067 2,126,627 Sale of plug business.......................
.... ......
...... ...11,701,414
Maintenance of way.... 1,858,146 1,385,581 1,665,793 1,714,267 Other sources......................................................................... 1,284,741
Maintenance of cars__
744,722
847,868
791,262 726,583
General........................
377,278
314,204
441,573 269,339
Total......................... 6,384,317 4,308,094 23,575,430 22,557,689
Scrip dlv. on oom. stook..................
........... 21,000,000
...........
Total expenses....... 10,016,074 8,548,015 8,776,538 8,330,579
P.0, of op. exp. to earns,
(59-053)
(58-624)
(63-570)
(65-940)
Surplus Deo. 31........ 6,384,317 4,308,094 2,675,430 22,557,689
Net earnings................ 6,944,947 6,038,022 5,029,581 4,302,966
* In 18 98 , 8 p. c.; In 1 8 9 9 , 6 ^ p . e.; In 1 9 0 0 and in 1 9 0 1 , 6 p . o.
INCOME ACCOUNT.
R e c e ip ts -
Net earnings................. 6,944,947
Dividends,Int.,premium
on bonds and mlso__ 1,062,572
6,033,022 5,029,581 4,302,966
6 ,3 0 3 ,4 9 8
BALANCE SHEET DEC. 31.
1901.
A ssets—
$
5 ,2 0 2 ,3 8 4
4 ,9 5 7 ,8 0 4
1900.
1899.
$
$
Real estate, maoh’y, fixtures, etc___ 5,007,146 4,880,245 4,636,838
399,235 997,051
44,856 Leaf tobacco, stock, supplies, etc___ 11,024,441 9,887,723 10,286,750
Stocks in other companies..................26,581,407 22,630,136 17,929,987
Total net Income...
8,007,519 6,432,257 6,026,632 4,347,822 Stocks in foreign companies............. 9,956,458 4,456,373 4,363,755
Cash........................
1,496,662 1,292,441 4,445,592
^Dl/S t)XL V S C1YLG71/tS
Interest on bonds......... 3,118,403 3,070.598 2,638,313 2,287,758 Bills and accounts receivable........... 7,369,683 6,864,867 3,525,453
T axes...........................
301,000
288.951
269,289 264,289 Patents, trade-mark, good-will, etc..29,747,816 29,921,469 31,887,167
Rentals.........................
210,495
210,495
381,095 381,095
Total assets..................................91,183,613 79,933,253 77,075,543
Prem., adj. of int., com.
L ia b ilities—
onbds.exck,,cartr.,<fce
245,973
706,101 1,981,135 242,437
Stock, common................................... 54,500,000 54,500,000 54,500,000
Dividends..................... 1,547,283 1,547,242
515,745
........
8orip issue........................................
3,014,490 3,014,490 3,024,490
Total disbursements 5,423,154 5,823,387 5,785,577 3,175,579 Stock, preferred......... ...................... 14,000,000 14,000,000 14,000,000
Dividends......................................... 1,097,500 1,097,500 1,097,500
Balanoe, surplus.......
2,584,365
608,870
241,055 1,172,243 Accounts and bills payable.............. 11,777,974 2,895,746 1,729,482
GENERAL BALANCE SHEET DECEMBER 31.
14,319
50,246
Accrued consignees’ commissions...
1,433
72,967 ’ 68,260
Advertising fond...............................
377,756
1901.
1900.
1899.
18 98 .
30,138
30,136
Interest on sorip...............................
30,142
A ssets—
$
$
$
$
6,384.318 4,308,093 2,575,430
Road and equipment... 72,190,027 69,581,893 69,183,147 69,063,568 Surplus...........................................
Land grants................
1,273,062 1,549,424 1,598,707 1,817,39s
Total liabilities............................ 91,183,613 79,933,253 77,075,543
8tocks and bonds......... 27,902,139 25,132,826 25,779,850 8,270,809
Bonds and notes.................. . ........
606,000 250,000
771,000 - Y . 7 4 , p . 2 0 8 .
Cash on hand................
550,867
442,042
923,699
135,762
Continental Tobacco Company.
Land grant accounts...
258,419
217,679
226,014
146,894
Little Rock & Ft. 8. Ry.
381.466
325,309
328,559
328,546
( Report for year ending Dec. 31, 1901.)
Miscellaneous........... ..
335,7o9
83,574
76,607
127,369
The report of the Treasurer says in substance :
Total assets . ...... 102,841,689 97,938,747 98,366,584 80,661,344
‘ ‘There has been no change in either the capital stock or
L ia b ilities—
the 7 per cent gold debenture bonds duririg the year. The
Stock (see I nv. Supp.).. 25,795,710 25,795,035 25,795,055 25,795,115
Bonds (see Inv. Supp.). 67,610,997 65,790,556 66,487,543 47,558,543 company has expended during the year cash to the extent of
Car trusts ................... 1,741,000
319,000
516,000
683.000 $5,737,375 in the purchase of stocks in and property, business
Loan to refund bonds
.................................................... 1,850,000 plants and assets of other companies. The financial state
Interest dne & accrued. 1,063,574, 1,005,800
9-5,974
624,547
Due Missouri Pao. RR.
353,711
411,588
126,128 .............. ment does not include the company’s share or the undivided
Rentals guar., accrued.
91,270
97,242
96,565
179,517 net earnings for 1901 of companies in which it is interested,
Notes & miscellaneous
277,166
415,362
894,023
746,380 amounting to more than $500,000, which has been deemed
Improvement fund......
750,000 ................................................ .
Income account.......... 5,128,261 4.074,164 3,465,296 3,224,242 advisable not to declare as dividends but to let remain for
the present as surplus on the books of those companies.”
Total liabilities...... 102.841.689 97,938,747 98,366,584 80,661,344
The earnings and balance sheet follow:
—V. 74, p. 206, 94.
1901.
1900.
1899.
American Ice Co.
Net earns, after all charges
and expenses.................$7,600,740
$4,480,858
x$2,082,756
( Report f o r the year ending Dec. 31, 1901.)
Dividend on pf. stock (7%) 3,419,122 (7%) 3,419,122 (3h % ) 1,709,561
President Schoonmaker says in substance: “ The outlook Dividend on oom. stock... 976,922
..............
..............
for the cnrrent year is very encouraging. The sales for the
Net applio. to surplus... $3,204,696
$1,061,736
$323,195
past year were the largest in the history of the company.
The company is organized in a number of Eastern cities, in
x This “ represents the efficient conduct of the business for a period
cluding Washington, Baltimore, Philadelphia. Boston and of only a little more than six months, and not for a whole year.” See
V.
70, p. 738.
New York, besides many other cities. The object this year
BALANCE SHEET OF DEC. 3 1 .
will be to increase the tonnage. The present policv is to dis
1901.
1901.
1900,
1900.
courage the purchases of competing companies. The present
L ia b ilitie s —
$
Assets—
$
$
$
Preferred
stock.
48,844,600
P
l
a
n
t
,
t
r
a
d
e
48,844,600
properties are ample to do the business at all the places where
marks, etc....... 78,874,145 78,504,960 Common stock.. 48,*46,100 4S,846,100
the company does business. A coal business is being done in Supplies, etc...... 7,587,741 6,259,160 Debentures....... 1,581,100 1,581,100
in other
Provision forint.
27,669
27,669
Baltimore and Philadelphia, and has been recently started in Stock
companies...... 15,591,245 11,318,950 Div.onpfd. stock
854,781
854,781
New York on a small scale. The docks, barges, horses, Cash.................. 3,130,627 3,194,1-27 Div. on com. st’k 976,922
and acc’ts
375,880
Accrued coinmts 1,181,746
wagons, etc., can be used to good advantage in the coal busi Bills
receivable,...... 6,437,855 5,100,948 Advertising f ’d.
855,237
501,725
Bills & accts pay. 3,803,833 1,962,365
ness, especially during the winter, when one-half the horses
Surplus.............. 4,589,627 1,384,931
are idle. The coal business should be a prominent feature
Total........... Ill ,621,613 104,378,952
Total...........111,621,613 104,378,952
in the future. The policy haB been to concentrate plants
wherever conditions justified. The crop of ice the past sea - V . 74, p. 530.
son has been satisfactory. The company has under cover
American Writing Paper Company.
between 4 and 4% million tons, sufficient for the needs this
(Report f o r the year ended Dec. 31, 1901.)
year in connection with the 30 artificial ice plants operated.
The executive committee, consisting of W. N Caldwell, G.
Propositions have been made to acquire the Knickerbocker
B. Holbrook, C. A. Crocker and others, say in substance :
Ice Co. of Chicago, but so far nothing definite has been done.”
For the period covered by the first seventeen months the company
The management feels that it would be more profitable to earned
at the rate of $906,703 per annum over all expenses ; during
confine operations to the seacoast towns and is also of the the labt 12 months the amount was $1,064,086, or $214,086 above the
opinion that the litigation which has been carried on against $850,000 Interest on bonds. SlnoeJuly t, 1901. the sinking fund pro
the company i- about over and nothing further is to be feared vision has .come into operation and from this surplus of $ ‘ (4,086
$50,000 haB been used to purchase and retire $71,00“ bonds The in
in this direction.
come from all bonds thus purchased for the sinking fund will be avail
BALANCE SHEET DEC. 33.
able to retire additional bonds. The re-distribution of tlie prodnot of
the company among its 30 different mills, so as to secure for eaoli mill
1001.
1900.
1901.
1900.
Assets—
I
C
UabllUies*
the
kina of paper it is best fitted to make, has been continued along
Oen’J prop. acet... .41,183,890 35,112,570 Capital stock.........40,000,000 34,773,700
Cash........... ........ 1,280,376 2,030,207 Bills, etc............... 1,805,304 1,733,182 conservative lines, and a position has been reached where very consid
Surplus................
668,870 066,895 erable advantages can he expected to be reaped from the practloal
completion of this work. The profits of the mills producing the higher
Total.............. 42,464,264 37,472.777
Total.............. 42.464,264 87,472,777 grades of paper are now very satisfactory, but during the ensuing year
—V. 73, p. 1358.
it will he necessary to direct attention especially to increasing, so far
IH K
57<>
O H R O N IO L K
as possible, tlxe output of the reiualulaK wills tu order to reduce the
oust of the cheaper grade. With ihie end in view various Improve
ments will be Introduced. The sales department id now thoroughly
well organized and doing effective wort at very reasonable cost. All
purchases have been made for cash to secure all cash discounts. The
coippany has no tieating debt. The general business outlook seems
favorable Tue various mills are running full and the earnings so far
this year are in excess of those for the same period last year.
The profit and loss account and balance sheet follow :
Jan. 1,1901. <0
Dec. 31, 1901.
Net earnings........................................$1,228,890
interest, ete.................... ...... ..........
72,862
A n y .I, 1899,(0
Dei al, 1900.
$1,454,973
97,364
(You LXXIV.
ital stock, o f w hich $5,000,000 is 4% per cent non cum ulative
preferred (also as to assets in case o f liq u id a tion ). as a stock
holding com pany to take over the C incinnati N ew port &
C ovington Ry, and the U n ion Heat, L igh t & P ow er Co. (See
V. 72, p. 992; V. 73, p. 36, 394.) C irculars have been issued to
tbe stockholders o f both o f the com panies last named offer
ing them tor each $100 par value o f their stock the am ount
set opposite thereto in preferred and com m on stock o f the
new L ight & T raction Com pany, viz.:
Name o f com pany.
Olu. Newport & Cov
New pref. New com.
stock.
Block.
Ity., stock ($3,200,000).. ........*$10 )
*$100
$1,301,742
#1.651.737 Union Light, Heat Ac Power Oo., stock;($ 1,500,000).
40
70
$850,OuO (17urns.)$1,224,816
237,658
215,216
* Or optionallyi$100 In cash. Bee below.
.................................................. 51,993
The circu lar signed b y C. W . W etm ore and Jam es C.
$1,490,05^ Ernst, syndicate m anagers, says in p a r t :
$1,087,655
$214,087
Surplus
$ 11,680
A syndicate has been formed by subscribers (tnoludlng many large
stockholders of tbe two companies named) to oarry out tbe arrange
BALANCE! BliKiST J A N . 1.
ment
herein stated and provide the funds required under tbe plan.
1902.
1901.
1902.
1601.
Tbe syndicate lias ma ie a contract with the new light ana traotlon
Liabilities—
K
I
4 tseti—
4
|
P
refe
rre
d
-to
o
k
.
12.5OO.0CO
12,500,000
company under which tbe latter will Issue and deliver $1,300 00o pre
Plant,trealestate..35,110,600 34,890,484
i ioinmou sto ck ... .11,500,000,11,500,000 ferred aud $6,000,000 common stock in payment for all tbe stocks of
Cash and accounts
r e c e iv a b le ....,,, 1,976,18) 1,798,671 5 [). C. bon ds.......... 17,000,' 00 17,000,000
tbe
two oompanies aud $500,000 In cash, to be used by tbe new com
77,497
Company bonds..
159,934
169.93* A ccounts payable. 183,79?
Surplus..................
275,708
01,680 pany to provide for permanent Improvements and extensions of the
U lscel’ous stocAs.
10,235
10,330
property
of tbe constituent companies and other corporate purposes.
tiup. A m aterials.. 3,072,339 2,273,903
Tbe remaining $700,000, par value, of the preferred stook will be held
S in k in g f u n d ..........
50,000
..............
In the treasury to provide for future development and requirements.
Tress, com . stock. 2,000,000 2,000.000
Stockholders of the R*llwav Company who do not desire to make the
.41,409,505 41,130,178 exchange, but prefer to sell their holdings, are offered $100 lo oash for
T o ta l.......
T o ta l... ..........41,400,505 41,139,178
- V . 72, p. 578.
euoh share of stook delivered at the German National Bauk of covington, Kentucky, within 20 days after notloe from the syndioate man
American Iron & Steel Manufacturing Company.
agers deolarlug the plan effeotlve.
Total uot Income....................
Interest on bonds ...................... .
Expenses, Including maintenance
Bau debts, etc..............................
( R ep ort fo r the y ea r ending Dec. 31, 1901J
President J. H. Sternbergh says in substance :
During the year the company manufactured 117,661 net tons of bar
iron and steel. Of this quantity we sold 36,469 net tons merchant
bar Iron, and of the remainder we manufactured and sold 02,106 net
tons of miscellaneous finished goods, bolts, nuts, rivets, etc. Our
total sales of all produots for the year amount to $1,754,560. Divi
dends paid In 1901 were: On preferred stock (5%—1^% quarterly);
on common stock, one dividend of 5% and two of 3%; total, 11%
on amount paid in; ordinary repairs and renewals of build
ings and maohlnery are charged monthly to ‘‘operating ex
penses,” and new oonstruotlon to “ plant and equipment” . The com
pany’s credit Is first class. We pay for all of our purchases promptly,
and discount our bills whenever possible.
We have sold the real estate and buildings of our North Reading
Works, and shall move most of the machinery to Lebanon and concen
trate more of our work at this point. We are obliged to practically
rebuild muoh of our Central Works. Muoh of this work has already
been done, and when all of the above improvements are oompleted,
we shall be able to execute our orders m,uoh more satisfactorily and
economically.
BALANCE SHEET DEC. 31.
A
S—
1901.
^
1900.
^
1901.
Liabilities—
$
1900.
$
Plant and equ ipm 't.8,597,847 3,439,758 P referred stock....... 3,000,010 8,000,000
Supplies..................y 1,269,840 1,348,309 Cominob sto ck
x l , 700,000x1,700,0 0
CaBli...................
104,169 172,599 A ccounts p ayable... 600,323 637,889
A ccou n ts receivable 512,785 503,582 Undivided profits... 184,818 128,839
T o ta l.................... 6,484,611 5,464,228
T otal.....................5,484,641 5,464,228
x Issue is $17,000,000, 10 per cent paid,
ket prices.
y V alued at less than present m ar
The directors for 1902 are ;
J. H . Sternbergh (President and General Manager), Reading, Pa ; H. M.
Sternbergh (V ice President), Reading, Pa.; James Lord (Manager), Lebanon
P lants, H. M. M. Richards (Treasurer), Lebanon, Pa.; C. M. Hallman (Secre
tary, Lebanon, Pa.; Edward Bailey, A rthur Brock, H orace Thom as Evans,
H . H . Light, W illiam H. W allace. - V . 73. p. 673.
Lehigh & Wilkesbarre Coal Co.
( Statem ent fo r the y ea r ending D ec. 31, 1901. J
The results for two years past have been:
1901.
Receipts from all sources.................$12,576,247
Operating expenses, renewals, taxes, eto.. 11,008,868
Net earnings............................... $1,567,379
Interest oharges............................... $1,469,188
Sinking fund oharges........................
100,108
Balance for year................................. def. $1,918
-V . 71, p. 26.
1900.
$10,061,519
8,528,797
$1,532,722
$1,388,140
124,935
sur. $19,647
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
Austin (Tex.) Rapid Transit Ry.—Sale .—The foreclosure
sale will take place on May 6; upset price, $100,000.—V. 74,
p. 426.
California & Nevada RR.— Proposed Successor C o ,—See
Oakland & East Side RR.—V. 73, p. 1342.
Canada Atlantic Ry .— New M ortga ge.— A. dispatch from
Montreal states that it was decided on Wednesday to issue
bonds on the entire system at $25,000 per mile and $1,200,000
on the St. Lawrence bridge at Cotean, the entire issue to b9
$11,200,000 in 100-year bonds bearing about 4 per cent in
terest. The issue of bonds, it is stated, has nothing to do
with the sale of the road, Presumably the new issue will
provide for the retirement of the $4,950,000 bonds now out
standing.—V. 74, p. 426, 204.
Central Railroad of New Jersey.—R esig n a tion .— VicePresident Charles H. Warren, who has been Vice-President
and General Manager since the Reading Company secured
control early in 1901, has resigned. The resignation will
take effect on June 1, at or before which time it is generally
expected the offices of the company will be removed to the
Reading Terminal in Philadelphia. See report and also edi
torial on page 551.—V. 74, p. 473, 93,
Cincinnati Newport & Covington Light & Traction
Co.—A m a lga m a tion. —This company was incorporated in
New Jersey on March 11 with $10,000,000 authorized cap
All stock to be exchanged m ust be deposited bn or before
May 15, 1902, w ith the C incinnati Trust C o., w h ich w ill issue
reoeipts exchangeable for the engraved certificates ot the
new stock when ready. The right is reserved to w ith draw
the offer at any tim e in the discretion o f the syndicate m an
agers. More than a m a jority o f the stock o f each o f the c o m
panies has agreed to the plan.
T he directors are as fo llo w s :
D irectors.—James O. Ernst, O. W. Wetmore, Julius Flelsohmann,
Joseph F. Trevor, James M. Hutton, Henry O. Burkhold, George R.
Sheldon, Charles A. Spofford and Randolph Rodman.
James C. Ernst, President o f the C incinnati N ew p ort &
C ovington R y ., w ill be P resident o f the new com p an y and C,
W . W etm ore, o f the N orth A m erican C o., V ice-P resident.
C in cin n a ti N ew p ort & C o v in g to n Ry. —A m a lg a m a tion .—
See Cincinnati N ew p ort & C ovin gton L ig h t & T raction Co.
a b ove.—V . 74, p. 528, 426.
C levelan d C ity R a ilw a y s .— In ju n ction .—J u dge Phillips in
the Com m on Pleas C ourt on M arch 10 dism issed the m otion
o f the C leveland E lectric R a ilw a y and the Cleveland C ity
R ailw ay to dissolve a tem porary in ju n ction obtained by
John B. H oefgen, restraining them fro m ju te rfe rin g w ith his
efforts to secure the consent o f property ow ners fo r the p ro
posed three-cent-fare street car system .— V . 74, p. 378, 93.
C levela n d E le c tr ic Ry.— R eported C onsolidation.—The
Cleveland “ Plaindealer,” in a recent issue, stated that term s
have been agreed upon fo r the consolidation o f the Cleveland
E lectric and the Cleveland C ity E lectric railw ay com panies,
w ith Senator Mark Hanna as P resident, the consolidated c o m
pany to be k n ow n under the name o f the Cleveland E lectric
R ailw ay Co. By th e term s o f the agreem ent, it is stated, all
the $13,000,000 E lectric R a ilw a y stock w ill g o into the gen
eral pool at $80 a share and the C ity R ailw ay stock at $120 a
share, or the C leveland E lectric w ill g o in at $100 a share
and the Cleveland C ity at $140 a share. The general opinion
in C leveland now is that a con solidation w ill be b rou gh t
abou t shortly or at any event w ith in the next few m onths,
the capitalization o f the com bined properties to be about
$25,000,000 or $30,000,000 in stock, w ith a bond issue to p ro
vide fo r the outstanding bonds and necessary im provem ents.
New Officers.— H orace F, A ndrew s has been elected Presi
dent and H . C. Davies, Secretary. See C leveland C ity R a il
w ays a b ove.— V. 74, p. 528, 426.
Cleveland Paines v ille & E astern RR.— Increase o f Stock.
—The stockholders w ill vote on A p ril 10, 1902, on a p ro p o
sition to increase the capital stock fr o m $1,500,000 to
$2,000 000, the proceeds to be used to com plete the road, to
pay off the unfunded and floating debt, and other liabilities
incurred in con stru ction and equipm ent.— V. 74, p, 267,
Denver & Rio G ran d e RR. Co.— L isted .— The N ew Y ork
Stock E xchange has listed $2,400,000 additional first con soli
dated m ortgage 4 per cent g old cou pon bonds o f 1936, fo r
$1,000 each, m aking the total listed to date $31,050,000. The
bonds have all been used in the purchase and acquisition o f
locom otives and c a rs.—Y . 74, p. 477.
East St. L o u is E le c tr ic S tre e t RR.— C onsolidation.— E.
W . Clark & Co. o f Philadelphia have purchased the road,
and, it is understood, other lines operating in East St. L ouis,
v iz .: the St. L ouis & B elleville T raction C o,, running b e
tw een B elleville and East St. L ouis, and the St. L onis & East
St. Lonis E lectric R y ., the latter crossing the Eads Bridge.
A b o u t $4,000,000 are reported to be in volved in the deal and
$1,000,000, it is stated, w ill be expended in im provem ents
and new equipm ent. A general consolidation is planned, but
details, w e are in form ed , have n ot yet been definitely ar
ran ged .— V . 74, p, 426,
E rie RR.— L isted .—The IN ew Y o r k Stock E xchan ge has
listed $1,028,000 additional gen eral lien 4 per cent gold oou
pon bonds o f 1996, m aking the total am ount listed to date
$34,885,000. T h e, bonds have been issued to reim burse (he
com pany fo r expenditures iu cu rred in the purchase aud n >
THE
March 15, 1902.]
CHRONICLE.
quisition of $965,000 Suspension Bridge & Erie Junction It It.
bonds and $5,000 Buffalo Bradford & Pittsburg lill. bonds,
which now com plete the ownership o f the Erie “Company o f
the entire issuts o f bonds of those companies, and other
bonds, capital stock and equipment obligations.—V. 74, p.
528, 326.
E vansville & T e r r e H a u t e R E .— New D i r e c t o r s E. W.
W inter and Aloert Lauterbach were on W ednesday elected
directors to fill vacancies. The directors discussed the sub
ject of retiring the preferred stock,' but no conclusion was
reached.—V . 74, p. 477.
F o r t W orth & D e n v e r C it y R y .— R eport.—The results for
the year ending Dec. 31 were:
5 77
have been redeemed and canceled and $1,120,000 L ouisville
& Nashville unified 4s and $320,000 Paducah Sc Memphis D i
vision 4s (being a proportionate part o f the collateral) have
been thereby released to the company. There having been
$4 000,000 o f said issue previously redeemed and can celed,
there remains outstanding as o f this date o f said issue $7,50 0 ,0 0 0 ,-V. 74, p. 528, 326.
Manhattan R y. (N ew Y ork ). -E lectrical Equipm ent.—On
Tuesday, with the exception ot the rush hours, all the trains
on the Second Avenue line were operated by electricity at a
schedule o f one every fou r minutes during the greater part
of the day. Sixteen trains are now in service and about six
more w ill be delivered during the next tw o weeks. It is
Tear.
Gross.
Net.
Oth. inc.
Charges.
Ha l , stir. hoped to change the m otive pow er on the Third Avenue line
1901........ $2,163 397
$573,592
$11,982 $54\£>74 $39,981 within six weeks, or as soon as sufficient equipment is re
387,019
17,083
400,376
3,726 ceived, and unless unexpected delays occu r, on the west side
1900........ 1,807,089
—Y. 74, p. 528.
next fa ll.—V. 74, p, 427, 94.
G le u w o o d & P o l y ie c h n i c S t r e e t R y ., f t . W o r t h , T e x .—
M etrop olita n W est Side E levated Ry. o f C hicago.—E x
Sold.—Judge M. E. Smith, in the 17th District Court, on
March 8 made an order transferring the property to Frank tension.—The D.iuglas Park extension, 1-80 miles in length,
H. G-rim of Cleveland, O., the purchaser on March 3 at fore was opened at m idnight on March 9. Five o f the seven sta
closure sale. The question o f affirmance o f the sale will tions have been com pleted, but the tw o remaining stations
w ill not be ready fo r some weeks.—Y . 74, p. 628, 327.
com e up later.—V . 74, p. 151.
N ashville & C la rk sv ille R R .— Consolidation.—The stock
holders will vote on A pril 15 on the approval o f a con tract
fo r the purchase o f the property and franchises o f the T en
nessee Central, the Nashville & K noxville R R . and The T en
nessee Central R y ., and the m aking o f a lease or service Sontract between the com pany and the Nashville Term inal C o .;
also on authorizing a general m ortgage and bonds upon the
IHretlors—F. R . P e m b e rto n (P resid en t), E rn st T balm an n (V ice- property and franchises and those to be acquired. The
P resid e n t), B. 8. G u in ness (T reasu rer) an d O. S id n e y Shepard o f N ew stockholders o f the Tennessee Central R y. and Nashville
Y o rk ; J o h n Shelton W illia m s, o f R ic h m o n d , Va.; J. W illc o x B row n , Terminal Co. w ill vote on these matters on the same day;
R ob ert O D a v id so n an d J . W illiam M id d e n d o rf, o f B a ltim ore. M d.;
E v a n s R D i e t , o f P h ila d e lp h ia an d W illiam F. B on b rig h t, o f C olorad o those o f the latter w ill also vote on the question o f authoriz
B prings, Col. O. W . K in g Is S ecreta ry an d W illia m M o A d o o g en eral ing a mortgage to secure $1,000,000 bonds for the construc
cou n sel.
tion o f terminal facilities. See Y. 73, p. 337, 392.
Several vacancies have been left on the board fo r English
N ash ville T erm in a l Co.—Lease.— See Nashville & Clarks
men w h o have been invited to come in if they desire.
ville R R. above. Contracts fo r the new terminal, it is stated,
W illiam M cA doo is general counsel. President Pemberton have been let and w ork w ill he started shortly.
sa y s:
New Y ork & J ersey R R .—M ortgage.—The com pany has
T he re a so n w h y th e n e w c o m p a n y w as in c o r p o r a te d in the U n ited
S ta ff s is th at p r a c tic a lly a ll o f th e c a p ita l w ill b e fu rn ish e d b y A m e r i filed its new mortgage to the G uaranty Trust Co. of New
can in terests. Our p o lic y w ill b e to m ak e th e n e ce ssa ry a d v a n ces to Y ork, as trustee, to secure $7,000,000 30-year 5 per cent gold
B ritish com p a n ies f o r b u ild in g t r o lle y lin e s, o r p o ssib ly fo r a cq u irin g
e x istin g roa d s, if this is d esired . T h e lin es, h o w e v e r , w ill b e op era ted bonds o f $1,000 each, due Feb. 1, 1932, su bject to call at 110
and interest on any interest day, The follow in g officers and
solely b y B ritish com p an ies.
Several of the directors are also identified w ith the Yerkes directors have been elected:
D ir e cto r s—W illia m G . M o A d o o (P resid en t), W a lte r G. O akm an an d
syndicate which is building tunnel railroads in London.
E d m u n d O. C on v erse (V ice-P resid en ts), E lb ert H . G a ry , J o h n S k elton
G r e a t E a s t e r n R R .— Sale.— This partially constructed line W illia m s, A n th on y B r a d y . E . E. C. Y o u n g , D a v id Y o u n g , J o h n G,
in North Carolina is advertised fo r sale on May 5.— V. 71, M cC u llou gh , F red eric B . J e n n in g s an d G. T r a c y R o g e rs . H e n ry A .
M u rray is T rea su rer; C harles W . K in g , S e cre ta ry , a n d C h a rles M .
p. 1120.
J a co b s, C hief E n g in eer.
H n d s o n T u n n e l R y . C o .— Aero Securities.—The reorgani
The engineers express the hope o f being able to com plete
zation com m ittee gives notice that stockholders w ho deposit the tunnel in about tw o years .—V . 74, p. 380,
their certificates duly endorsed in blank with the Conti
N orthern S ecu rities Co.—A ction begun by Governm ent.—
nental Trust Co., 30 Broad St., New Y ork , on or before April
7, and pay to it in ca6h 5 per cent o f the par value o f such The petition in the action against the com pany, the N orthern
stock, with interest at-5 per cent per annum upon such cash Pacific and Great Northern companies, J. Pierpont Morgan
payment from Feb. 1 to date o f payment, w ill be entitled to James J. H ill, and others, fo r alleged violation o f the Sherman
receive com m on stock o f the New Y ork & Jersey R R . (the A ct o f 1890 (A nti-Trust L aw ) was filed on Monday in the
successor com pany) to an amount equal to one-half o f the United States C ircuit Court fo r the District o f Minnesota.
The application o f a com pany o f the same name, w ith
par value of the stock deposited, and first m ortgage bonds o f
said com pany to the amount o f snch cash payment, bearing $1,000,000 capital, fo r a charter, filed at Ottawa, Canada,
interest'st 5 per cent from February 1. No stock will be re early this m onth, is claimed by President James J. H ill and
ceived after the date mentioned.
See N ew Y ork & Jersey others to have no connection whatever with this com pany.
Messrs. M cG ibbon, Casgrain, R yan & M itchell o f M ontreal,
R R. below .—Y . 74, p. 379.
counsel for the Canadian com pany, declined to give any in
K a n s a s C ity F o r t S c o t t & M e m p h is R y .— Assents.—The form ation concerning the m atter.—V, 74, p. 478, 428.
Old Colony Trust Co. of Boston announces that over a ma
Oakland & East Side R R .—In corporation.— The com pany
jority of the Kansas City Memphis & Birmingham income
bonds has been deposited w ith it under the plan providing was incorporated on March 4, w ith $1,000,000 authorized
for the payment of fixed interest in consideration o f a ten- capital stock, to take over the California & Nevada R R .,
years’ option o f purchase. The tim e to make deposits has now being foreclosed, w hich operates a narrow-gauge road
been extended to A pril 1. See advertisement on page v iii.— from Oakland, Cal., to Bryants, 22 miles, and convert the
same to standard gauge, and extend it to W alnut Creek, w ith
V . 74, p. 477, 205.
a branch to San Pablo, at a connection w ith the A tchison
K a n s a s C it y S o u t h e r n R y .— New D irectors.—H. P. W ertTopeka & Santa Fe, making a total o f about 40 miles. The
heim, of Probst, W etzler & Co., bankers, o f New York, and
Herman Sielelren, o f W . H . Crossman & Bro., coffee m er incorporators are M. J. K elly, F. C. Havens and George E.
Pratt o f Oakland, and A. E. Bolton aDd M. A . de Laveaga o f
chants, of New Y ork, have been elected directors.—V. 74, p. 94.
San Franciscb, w ho each ow n $8,COO stock .—V . 78, p. 1312.
L i t t l e F alls & D o lg e v ille R R .— Sale.— The foreclosure
P enn sylvan ia R R .— Offer to Subscribe.— Stockholders of
sale has been ordered and w ill probably take place in about
60 days. The New York Central & Hudson R iver R R ., it is record March 26 are given the privilege between A pril 21 and
May 1 to subscribe at par to an amount equal to 25 per cent
expected, will purchase the p rop erty .—V . 72, p. 1188.
of their respective holdings in stock, to $50,000,000 ten year
L o u is v i lle & N a s h v il le R R . —Lasted.—'T he New Y ork Stock 3J£ per cent gold bonds o f the denomination o f $1,000 and
Exchange has listed $882,000 additional unified 50-year 4 per $5llO each, bearing date N ovem ber 1, 1902, payable 50 per
cent gold coupon bonds o f 1940, making the total amount cent on subscription and the rem aining 50 per cent between
listed to date $39 276,000. The m ortgage is fo r $75,000 000, Oct. 20 and Nov. 1, inclusive. The bonds are convertible at
o f which $41,917,660 was reserved to take up prior liens. the option o f the holder into capital stock at $70 per share on
Since June 1, 1890, expenditures and redemption o f prior lien May 1st, 1904, or any subsequent semi-annnal interest period
bonds under the terms o f this mortgage have been ipade to the during the life o f the bond, on 30 days’ written notice to the
extent of $41,181,408, entitling the com pany to that amount company. They may be called fo r redem ption by the com
o f unified bonds, viz.:
pany at 102% per cent and accrued interest at any interest
®r??55triJOtlon’ ^1,290,697; extensions, $2,710,440; sinking funds, period beginning with May 1st, 1904, on 90 days’ notice, but
$3,596,42.*; premium on bonds for sinking funds, $301.20o; corporate when so called they may be converted, at the option o f the
purposes $5,000 000; purchase of stocks, $1,475,767; equipment,
$995,025; prior issues, $19,760,000; double track, $338,;<0O; pur holder, on the day named for redemption, into stock at $70
chase of roads. $3,712,948 ; total, $41,181,403. Accounted for bb fol per $50 share on 30 days’ written notice. The bonds are
lows: Listed on the New York Stock Exchange, $78,394,000; retired issued to provide the necessary funds fo r the purchase o f
and canceled, $17,000; now asked to be listed, $882,000; deposited as
part collateral to $7,500,000 L. A N. five twenty coll, trust bonds, 19,000 additional fifty-ton steel cars and 260 locom otives,
hOO °0,000: ln trea8liry 01 company, $3,488,000; total Issue, $11,181,- required, as stated in the last annual report, for the in
creased traffic o f the com pany, at an estimated cost o f $24,Blnce the last application to list unified 4s, $1,000,000 Louis 000,000 and for the construction o f the tunnel extension o f
viile & Nashville RR, Co. 5-20-year collateral trust bonds the system into the City o f N ew Y ork and the purchase o f
G reat
B r ita in
R a ilw a y s
D e v e lo p m e n t
C o r p o r a t io n .—
Incorporation.—This company was incorporated in New Jer
sey on Dec. 17, 1901, with $100,000 authorized stock, to be
largely increased, as a securities holding com pany, to control
interurban trolley roads in Great Britain. The $3,300 000
capital required at once has, it is understood all been raised.
The officers and directors are:
578
THE
CHRONICLE
the real estate required for the passenger station, the e x
penditure for w hioh purposes for the years 1902 and 1900 are
estimated at #20,000,000 and for other corporate purposes.
W arrants w ill be issued to each stockh older sp ecify in g the
am ount of bonds to w hich he is entitled to subscribe, and
these warrants, accom panied by the paym ent for the su b
scriptions, must be returned bv the stockholders to the
Treasurer on or before N ov. 1, 1902, when the bonds w ill be
ready for delivery. The party paying the second instalm ent
and receiving the bonds w ill also receive at the sam e tim e a
check for interest on the first instalment lrom May 1 to Nov.
1, 1902, at the rate o f 812 per cent per annum . U pon the
acqu isition o f all the stock o f the Pennsylvania & N orthw est
ern R R ., now m ostly exchanged for stock o f the P enn syl
vania R R ., there w ill lie outstanding stock o f the latter
am ounting to #204,593,400; the am ount o f stock required for
the exchange of all o f the #50 000,000 bonds above m entioned
is #35,714,285, m aking a total o f #240,307,685. The total
am ount o f stock thus far authorized by the stockholders is
#251,700,000. See advertisem ent on page ix.
R a tifie d . —The stockholders at the annual m eeting on
M arch 11 ratified the absorption o f the Trenton Cut-off and
S ch uylkill & Juniata railroads.—V . 74, p. 478, 380,
P h ila d e lp h ia & Cam den T u u u e l Co — In co r p o r a te d .— The
com pany was incorporated in N ew Jersey on M arch 5, w ith
$1,000,000 authorized sto k, o f w h ich #10,000 is paid in, to
build a tunnel under the Delaware R iv e r betw een Philadelphia
and Camden for both freigh t and passenger travel. P hila
delphia and C hicago capitalists are reported to be interested
in the project. The in corp orators are;
E D. French, of Oarnden; Joseph H. Bally, of Wilmington, Del.;
Mayne O. F. Parker, of Philadelphia; Daniel H. Hallahan, of Philadel
phia.
P itt s b u r g S h a w w u t & N orth ern R R .— C ir c u la r .- P r e s i
dent John Byrne, in a circu la r dated M arch 8, announces
that over five-sixths o f the holders o f the 5 per cen t bonds
have consented to the exch ange for the new 4 per cen t bonds
under the term s stated in V . 74, p. 327. The circu la r says iu
substance:
Under the agreement no advantage Is given to a non-assenting
bondholder, and therefore the action of those negleoting or refusing
to co-operate may result In a necessary foreclosure of the mortgage
on the property. Until all the bonds assent no improvement of the
property can go forward, as the neoessary oapital oannot be made
available. If the road is to be completed for use during the winter of
1902 the neoessary work must be commenced within the Dext thirty
days. Unless this is done the management will not undertake It this
year, because It would simply result In carrying over next winter an
incomplete property. Involving several million dollars of nead oapi
tal, upon whioh interest would have to be paid, without being able to
effectively use the road. Orders for bridges, rails, ties and power,
whioh require several months to procure, mast be plaoed early to in
sure delivery for use this year. Unless early action Is taken the in
terest of the bondholders, therefore, will be very seriously endan
gered. Financial resource Is impossible under the present b per cent
mortgage beoause of its terms and conditions. The new mortgage Is
an absolute necessity, and the terms offered to the present bondhold
ers are unquestionably fair and advantageous. If the pian is ap
proved the property oan he put In condition to earn Interest on all
the bonds; If not, aud the bonds deposited by the majority holders
should be withdrawn, as the plan permits, the value of all tue bonds
would be depredated. —V. 74, p. 327.
R h od e Isla n d C om p a n y .—New com pany— Consol- o a t ion—
A n A c t to in corp oia te this com pany was in t r o d a o d on
M arch 11 in the R h ode Island Legislature. The com pany
w ill have the righ t to acq u ire b y lease or purchase, gas and
electric lig h tin g properties and street railw ays in corporated
under the law s of the State, or their securities, and w ill begin
business w ith $2,000,000 stock, in $110 shares, all paid in in
cash. Its purpose, it is understood, is to consolidate or brin g
under one con trol the U nited T raction Co. o f P rovidence,
P rovid en ce Gas Co and N arragansett E 'e c tr ic L ig h tin g C o.,
having a com bined capital o f about $16,000,000. The in c o r
porators named in the bill are H M artin B row n, J E l ward
S tndley and Stephen O, E dw ards, o f P rovidence.
Sacramento Electric Gas & K y.— R ep o r t.—The rep ort for
the year ending Jan. 31, 1902, show s, G ross earnings, $419,781, against $376,970 in 1900 01; net, $224,514, against $203,572; fixed charges, $113,541; profit and loss entries (net)
$9,603: dividends (1*8 per c e n t), $36,104; balance, snrplns,
$65,266.—Y . 72, p. 581.
St. L o u is & Belleville T r a c tio n Co.— Sale.— C onsolida
tio n .— See East St. L ou is E le ctric Street R R .—V . 73, p. 83.
St. Louis & East St. Louis Electric R y — In crease o f Stock.
— B o n o s.—The stockholders w ill vote on M ay 10, 1902, on
propositions to increase the capital stock ir o m $250,000
to $5UU,000 and to authorize bonds to the am ount o f $500,000,
secured by a m ortgage oa all o f the property, righ ts and
franchises o f the com pany. L. C. H aynes is P resident and
E dw ards W hitaker, Secretary.
R eported C onsolidation — See East St. L ouis E lectric Street
R R . above.— V . 73, p. 1011.
St. Louis Southwestern R y. —Plan E ffective. —A large m a
jo r ity of the second m ortgage in com e bonds h avin g been d e
posited, the directors have declare i the plan fo r financing
the property effective and extended th e tim e w ith in w h ich
further deposits w ill be received to H aroh 27, inclusive.
Deposits w ill be accepted after that date on ly on such terms
as the com pany m ay prescribe. See advertisem ent on page
i x . —V. 74, p. 328, 207.
St. Louis Transit Co.—R ep o r t.—The results fo r the year
en din g Dec. 31, 1901, com pare as follow s;
[V ol. LXXIV.
The expenses o f operation w ere reduced from 72‘86 in the
first quarter o f 1901 to 58'53 per cen t in the last qu arter o f
the year.— V. 73, p. 1265.
S ou th ern P a cific Co.— C onsolidation o f Controlled Coni'
parties.— See Sonthern P acific R R . below.
R etirem ent o f Mr. H a w ley.—The executive com m ittee, at a
recent m eeting in this city adopted resolutions com plim en tary
to Mr. E dw in H aw ley, w h o retires at the end o f this m onth
from the position o f Assistant G eneral Traffic Manager. The
com m ittee expresses appreciation o f his consent to remain a
m em ber o f the com m ittee and o f the board o f directors and
tn this way give valuable experience and advice derived from
nearly tw enty years con nection with the com pan y and its
predecessors.—V . 74, p. 880, 269.
S ou th ern P a c ific R lt.— New C om pany.— L egislative action
in C alifornia this last year has perm itted the Southern P a
cific management to m erge its lines in C alifornia, A rizon a and
N ew M exico into one corporation. A rticles o f in corporation
w ere filed on the 7th inst. in San F rancisco fo r a new c o m
pany styled the Southern P acific R ailroad C o., w ith a capital
stock o f $159,445,000. T his is the am ount o f the com bin ed
stocks o f the Southern P acific R R . o f C alifornia, the Sonth
ern Pacifio R R . o f A rizon a and the Southern P acific o f N ew
M exico, and the stock o f these com panies w ill be exch anged
for the stock o f the new com pany. This action w ill do aw ay
with the necessity o f m aintaining three corporations and
sim plify m atters very m aterially by brin gin g the three c o m
panies into oue. The officials o f the Southern P acific Co.
say that the in corporation o f the new com pan y has no bear
ing w hatever on the proposed refu n din g operations, w h ich,
w hile contem plated, are still m ore or less rem ote.
S ou th ern R a ilw a y .—Dividend Increased.— T he directors
have declared a semi-annual dividend of 2% per cent, pay
able April 15, thus raising the annnal rate to 5 per cent,
against 4 per cent paid in 1901,3 per cent in 1900 and 2 per
ceDt in 1899.
E arnings. —The fo llo w in g is an approxim ate statem ent o f
earnings for the six m onths endin g Dec. 31.
6
mos.
gross earns. Net earns. Oth. ine. Charges.
*
*
$
*
Balance.
$
1901 (approxJ
18,994,665 6,115,050 414,527 4.090,622 2,438,955
1900 (aotual)....... 17,082,760 5,672,756 216,547 3,125,204 2,464,098
F rom the surplus as above for 1901 w ill be paid the 2%
p tr cent next m onth, am ounting to $1,500,00 ), against 2 per
cent ($1,200,000) paid out of- the earuings o f the earlier p e
riod , leaving a fiaal surplus o f $938,955 for the six m onths o f
1901, against $1,264,098 in 1900. —V. 74, p. 96.
T ennessee C en tra l Ry.—M erger.— See Nashville & C larks
ville R R . a b o v e .— V.74. p. 479, 96.
T ex a s S h o rt L in e R R .—R onds A u th orized .— The Texas
Board o f R ailroad C om m ission ei8 have authorized the co m
pany to issue $185,785 bonds on 9 miles o f road lrom G rand
Saline to A lb a , from w h e n o an extension is to be built to
H oy t on the M issouri Kansas & Texas. Further extensions,
it is stated, are also contem plated. H enry M. S tron g o f
G rand Saline, T e x ., is President.
T exas S ou th ern R y .— Bonds. — The com pany has applied to
the Texas R ailroad Com m ission for a u th ority to issue $1,296,000 bonds on 72 miles o f road extending from M arshall n orth
w esterly to W in n sb oro, T ex. E xtensions are said to be p ro
je cte d south from M arshall to Beaum ont and Sabine Pass,
about 200 m iles, and north from W in n sb oro to the R ed R iver
b y w ay o f Paris, about 65 miles
L . E, W alk er, o f Marshall,
T ex., is President and General M anager,
U n ited T r a c tio n Co. o f P r o v id e n c e .— C onsolid ation .—See
R hode Island Co. a b o v e .—V , 70, p. 177.
W h e e lin g & Lake E rie R R .—E quipm ent Bonds Offered.—
F. J. Lism an & Co. offer at 104J^ and interest, su b ject to
sale or advance in price w ith ou t n otice, $1,000,000 equipm ent
sinking fu n d five per cent gold bonds, dated Jan. 1, 1902, due
Jan. 1, 1922, interest payable Jan. and J u ly , at the M ercan
tile Trust Co.. N ew Y ork , trustee. The bonds are part o f a
total issue o f $2,500,000, secured by new and m odern equ ip
m ent costing in the aggregate over $2,750,000, in clud ing 2,600
forty-ton coal cars, 500 th irty ton b ox cars aad 32 locom otives.
The trust agreem ent establishes a sinking fund under w h ich
these bonds are to be retired as follow s; $75,000 per annum
for 4 years, beginning Jan. 1, 1903, then $100,000, $125,000
$150,000 and $175,000 per annum fo r each successive period o f
4 years to the date o f m aturity. I f the bonds cannot be p u r
chased at not exceedin g 105 and interest, the com pany has the
option either to draw the bonds by lot fo r paym ent at 108 and
accrued interest, or to purchase additional new and m odern
equipm ent fo r the am ount o f the sinking fund, to be delivered
to the trnstee as additional security fo r the paym ent o f the
then outstanding bonds.
A letter from President Joseph Ram sey Jr. s a y s ;
The equipment now being delivered will add nearly 60 per cent to
the tonnage oapaolty of the equipment, and I anticipate an increase
of at least four to live hundred thousand dollars iu the gross earuings
from the increased oarrying oapaolty.
In addition, the completion of the Pittsburg Carnegie A Western
line between Jewett aud Pittsburg will op >u up to theW. Al . E.
direct access to the large freight tonnage of thts territory, giving it a
heavy tonnage of coal to the lakes aud of ore from the lake-* to Pitts
burg, with Its shipments of manufactured articles to the West. The
Pittsburg inlet will be completed early in 1903. The company is also
largely increasing lts dook facilities at Huron by the construction of
the latest improved coal aud ore-haudling machinery, enlargement of
dooks and the doubling of track oapaotty, so that It will be aide to
Tear.
Cross.
N et(over taxes). Olh. in e. Ini. and div. Hal., def. handle during the coming season at least double the tounage tv' and
1901 $5,777,599 $2,085,199
$0,313
$2,1,17,142 *525,030 from vessels that the present machinery will handle Two branch
1900 ... 4,462,991
816,503 6,216
2,517,112 1,691,393 lines are now In course of construction which will develop large coal
M ar ch
15, 1902. J
THE CHRONICLE,
579
Helds and will add, under oontrnot already made, at least 700,000 tons be re-elected next week. It is understood that quarterly
of coal traillo per annum.
statements o f earnings w ill be issued, beginning with the
L isted .—The N ew Y ork Stock E xchange has listed $847,500
additional first preferred stock and $129,800 additional second
preferred stock, m aking the total am ount o f first preferred
stock listed to date $4,980,900 and o f second preferred stock
$11,993,500. The proceeds o f the sale o f these shares have
been or are to be all used for additions and im provem ents or
to pay off obligations incurred or to reim burse the treasury
fo r sim ilar expenditures.— V . 74, p, 529, 207.
W i l k e s b a r r e & W e s t e r n K it.—Sold.—The road was sold in
foreclosure at Philadelphia on Mar, 10 to J. W . Turner,
chairm an o f the reorganization com m ittee, for $75,000. In
terest on the $620,000 bonds had been in defau lt since 1895.—
V. 73, p. 1814.
INDUSTRIAL, DAS AND MISCELLANEOUS.
& M a c h in e C o . o f T o r o n t o , Can.—
Stock Offered.—This com pan y, having $1,000,000 authorized
stock in shares o f $100 each, divided equally into 7 per cent
cum ulative preferred and com m on stock, recently offered for
subset iption $400,000 o f the preferred stock at par and $100,000 com m on stock at $110 per share, $250,000 additional o f
com m on stock h avin g been “ taken by venders in lieu o f cash
at $110 per share.” The rem aining stock is all unissued.
The actual net profits fo r t h e year ending Oct. 81,1901, above
proper charges fo r repairs are given as $59,647, against $37,468 the previous year. The N ational T rust Co. o f T oron to is
the registrar o f the stock and transfer agent.
A m on g the d irectors are:
(J o h n ) A b e l l E n g in e
March quarter. See report on page 575.—Y . 73, p. 1858.
A m erican H traw bourd Co. -S ta t u s .— A n official is quoted
as saying:
We not only have mors than enough stock deposited to make the
consolidation plan operative so far as this company Is concerned, but
all outside negotiations are making gratifying progress and we be
lieve there will be a deal. The work of appraising the plants as a
basis for their purchase is making satisfactory headway and will be
com Dieted by A or. 1. The strawhoard business has been extremely
good this year.—V. 74, p. 529, 975.
A m erica n ( B e l l ) T elep h on e & T e le g ra p h Co — Output. —
The output o f instrum ents for the m onth ended Feb. 20 in
1902 and 1901, and for the tw o m onths ended Feb. 20, was:
,-----Month. ——.
/------ 2 Months.----- ,
To Feb. 2 0 1902.
1901.
1902.
100)
Gross output (number).......... 95,584 79,810
182,996 139,358
Net output (number)...............58,729 47,166
111,346
87,448
Total number of Instruments out Feb. 20....... 2,637,355 2,040,264
LN ted.— The New Y ork Stock E xchange has listed $18,000,000 additional 4 per cent collateral trust coupon bonds o f
1929, m aking the total am ount listed to date $28,000,000.
The bonds were used to acquire a con trollin g interest in the
W estern Telephot e & T elegraph C o., the successor o f the
Erie Telegraph & T elephone Co. There are now deposited
as security fo r all bonds w hich have been issued, in cluding
the $28,000,000 collateral trust bonds and the $10,000,( 00 is
sued by the A m erican Bell Telephone Co , $37 459,050 stocks
and $1,911,000 bonds o f various telephone com panies o f the
system, having a value, as ascertained in accordan ce w ith
tb eterm s o f the trust indenture, o f $56,447,668
R ep o r t.—The results fo r the year ending Dec. 31, 1901,
W. D. Matthews (President), Director of Canadian Pacific Rail
way; Robert Kllgour (Vice-President), President Carter-Orume Co. w ere: Gross earnings, $11,167,104, against $9 534,499 in 1900;
and Vice-President Canadian Bank ot Commerce; Frederlo Nioholls net revenue applicable to dividends, $7,350,051, against
and W. R. Brook, managing director and President, respectively, of the
Canadian General Electrlo Co., and 8. C. Wood, Vice-PresidentToronto $5,486,058.— V . 74, p. 328, 270.
General Trusts Corporation.
A tla n tic (C o p p e r ) M in in g Co . —Increase o f Stock.— The
A m a l g a m a t e d C o p p e r C o .—Subsidiary Com panies.— See stockholders on M arch 11 voted to increase the stock from
Boston & M ontana C onsolidated Copper & Silver M ining Co, f $1,000,000 to $2,500,000 per plan V . 74, p. 428.
below .
A tla s T a ck C o r p o r a tio n .— D istrib u tion .— N otice is given
A ction on D ividend.— The board o f directors at their last to the holders o f the 6 per cent bonds that a dividend o f 32-779
m eeting changed the date at w h ich dividends w ill be declared per cent from the net proceeds o f foreclosu re sale o f the
to the third Thursday o f A pril, J u ly, O ctober and January. property o f the com pan y w ill be paid on presentation o f
N o action w ill therefore be taken on M arch 20 as expected bonds and coupons o f said corporation at the Boston Safe
on the quarterly dividend, w h ich in the regular course w ould Deposit & Trust C o.—V . 74, p. 428.
be payable at the end of the next m on th .—Y . 74, p. 269, 153.
B ay C ity (M ic h .) Das Co.— Bonds Offered,— C. P . Phelps &
A m e r i c a n B r a k e S h o e & F o u n d r y C o .— C onsolidation.— Co., o f 50 State Street, Boston, offer at 105 and interest,
The com pany was recently incorporated in N ew Jersey with su b ject to prior sale or advance w ith ou t n otice, $150,000 o f
$100,000 authorized stock, since increased to $4,500,000 (in the outstanding $300,000 (authorized issue $500,000) 20-year
$1C0 shares), o f w h ich $3,000,000 is 7 per cent preterred and gold bonds due June 1, 1920, redeem able at 110 and interest
$1,500,000 com m on stock , as a consolidation o f the follow in g on any interest date, interest payable June and Dec. 1 at the
New Y ork Security & T rust C o., trustee. The property is
com panies:
Ramapo Foundry Co. of Mahwah, N. J.; Sargent Co. of Chicago n ow operated and con trolled by the U nited Gas & E lectric
Heights, 111.; Lappin Brake Shoe Co. of .Bloomfield, N. J., and the Co. o f N ew Jersey, w h ich see below . O f the bonds, $60,000
Corning Brake Shoe Co. of Corning, N. Y.
are reserved to retire the prior lien 6 per cent bonds to the
The com bined properties m anufacture about 50,000 tons o f same am ount due Oct. 1,1902. The com pan y serves a popula
brake shoes used on steam and electric ca is, and are stated tion o f about 40,000 people, and is n ot dependent fo r revenue
to con trol that industry, and also iron and steel castings, par on m unicipal contracts, as the city ligh tin g is done by a
ticularly those em ployed in m ining operations, the whole m unicipal lightin g plan t.—V . 69, p. 1195.
representing a yearly output o f $2,500,000 to $3,000,000. The
B o r d e n ’ s C ondensed M ilk Co.— A cq u isition s.— The c o m
brake shoes controlled are k n ow n as the Sargent Skeleton pany. it is understood, has p ra ctica lly arranged to purchased
Steel Shoe, Diam ond “ S,” Skeleton Steel Insert, Lappin Steel the M ichigan Condensed M ilk C o., the M ohawk Condensed
B ack, Corning and Ross-M eehan. The com pany w ill also Milk Co., the A m erican business o f the A nglo-Sw iss Con
issue $1,000,000 bonds. The officers are:
densed M ilk C o., as w ell as several other independent co n
President, W. D. Sargent; Vice-President and General Manager,
Otis H. Cutler; Second Vice-President, Jos. D. Gallagher; Treasurer, cerns in various parts o f the cou n try, w hich, it is stated, give
it practical con trol o f the entire p rod u ct in this country. A r
H. K. Gilbert; Secretary, R. J. Davidson.
The office is at 26 Cortlandt Street, N ew Y o rk , and after rangem ents have been m ade to purchase the property on tbe
northeast corn er o f F ranklin and H udson streets, this city,
May 1 w ill be at 170 B roadw ay.
about 80x100 feet, and in cluding Nos. 104, 106, 108 and liO
A m erican Coke & Das Co .—Stock Offered.— This com pany, Hudson Street, on w h ich it is proposed to com m ence about
in corporated in New Jersey w ith $1,000,000 authorized capi
May 1 t o erect a b u ildin g to be used exclu sively fo r the com
tal stock (all o f one kin d ), w hich claim s to ow n fundam ental pany’s business.—Y . 74, p. 428, 97.
patents for a burner fo r m aking from the low est grades o f
B oston & M on tan a C on solid a ted C opp er & S ilv e r M in in g
crude petroleum oil a safe, econ om ical and p ow erfu l gas fuel
Co.— D irectors.— The present board o f directors having re
by im pregnating superheated steam th erew ith , thus d ecom
posing it into a carburetted w ater gas, is offerin g $500,000 o f signed, a new tem porary board has been elected w ith Sydney
Chase as President, pending the annual m eeting on A pr. 24,
its treasury stock at $5 per $10 share. The process, it is
when it is expected H. H . Rogers w ill be chosen P resident
stated, is applicable to any purpose requ iring heat. The
not only o f the Boston & Montana, but o f all the constituent
officers a re:
com panies o f the A m algam ated Copper Co. T he head
President, Geo. B. Davis; Vice-President, William Lockhart; Treas quarters' are to be m oved to N ew Y ork to the same offices as
urer, George A. Wies; Secretary, Arthur G. Andrews.
those occupied by the A m algam ated and A nacon da com panies.
Tbe Corporation Trust Co. o f N ew Jersey is registrar of
D ecision.—Justice Beach in the Suprem e Court in this city
the stock. The office is at 25 Broad Street, N ew Y ork .
on Mar. 11 sustained the dem urrer interposed in the actions
A m e r ic a n H a r d w a r e C o m p a n y .— In corp ora ted .—The co m brou ght by James A . Forrester and John M cGuinness ch a rg
pany was incorporated in C onnecticut on M ar. 11 with in g that tb e assets o f the com pany have been illegally trans
$5,000,000 stock. The greater part o f the stock o f the tw o old ferred to the Am algam ated Com pany and seeking to restrain
companies has been deposited for exchange. P hilip C orbin the collection o f dividends on the holdings o f the latter.—See
is President; A. J. Sloper o f New Britain, Conn.. V ice-P resi V . 73, p. 1315.
dent, and Theo. E. Smith, Secretary.— V. 74, p. 529.
C olu m bu s Das L ig h t & H ea tin g Co.— Increase o f S tock.—
A m erican Ice C o . — New D irectors.— The directors elected The stockholders w ill vote at the annual m eeting on a propo
at the annual m eeting on Tuesday o f this w eek w ere:
sition to increase the capital stock from $5,000,000 to $5,800,John R. Bennett, I. O. Blake, William N. Bavier, Oren Dennett, D. 000, the new stock to be 6 per cen t non-cum ulative preferred,
W. Hnnt,, K. D. Haley, J. F. Haynes. R. W. Hopkins, John Hancock, in addition to the $3 300,000 now outstanding. The new
Heury H. Head. Walter Lee, H. F. Morse, James MoOutcheon, Weststock w ill n ot be issued at once, bu t from tim e to tim e as
ley M. Oler, S. W. Poor, H. L. Parnell and John D. Schoonmaker.
The follow in g directors retired, v iz ,: Charles W . Morse, required fo r extensions and im p r o v e m e n t s .-V . 74, p. 480.
Charles T . Barney, F. K. Sturgis, W . H. Gelshenen, E. H.
Com pressed A ir Co. o f New Y o r k .— R ep o r t.— Bonds O f
R ood and J. W . Scott, but their resignations are stated to be fe r e d .—President H. D. Cooke at the annual m eeting on
o f no especial significance, Mr. Morse desiring to devote his M arch 10 said:
The withdrawal of the air oars from Twenty-eighth and Twonth-ninth
entire tim e to his various banking and telephone interests
New York, was for the time being a trying ordeal. The Rome
and all the retiring directors retaining their investm ents in streets,
City Street Ry. has been equipped with air motors and the night
the com p an y’s securities. The old officers are expected to service by air cars In Chicago, commenced In May, 1890, continues.
580
THE
CHRONICLE.
Wo are receiv in g Inquiries from uwuera o f street aud lm e ru ib a u frau ,
chigoe. and have boon offbrod m any piutttabls co n tra cts The tlnau
olai altua'luu o f (h o com p an y baa chan ged very m aterially fo r the
b ettor during the year. The llrat m ortg ag e 3 per ce n t g old bon ds
h a v e been sold to an am ouut sufficient. if ao applied, to d isch arg e the
entire floating debt. The earnings o f the Hom e L o o o m o th e <& M achine
W orks at present (about $X,OOJ net per m onth) are m ore than su f
ficien t to pay all the op era tin g ex p en ses o f the C om pressed A ir C om
p a n y , Including interest ch a rg es o n all the oblig ation s o f both com
panics
i t Is b eliev ed that the ex pen d itu re o f an ad d ition a l $ 10 ,0 0 0
Would largely Inurease the ou tp u t and by furnishing Im proved faollt
ties m aterially Increase the ratio o f prollts T o p rov id e ab u n d an t
w orking cap ital fo r the tw o com pan ies, the C om pressed Air C om pan y
ofl’ers to Its stock h old ers the righ t to su bscribe to $*>0,0u0 additional
o f its kO year 3 p er cen t g o ld bonds, redeem able at the p leasure o f
the com p a n y, at & 18 40 per ce n t and Interest. The su b scrip tion s w ill
be closed M arch 25.
l'nore are now outstanding $105,000 bonds of the Rome
Locom otive Works and $305,000 o f the authorized issue of
$500,000 first mortgage 5 per cent bonds o f the Compressed
A ir Company.— V. 71, p. 1168.
B riggs Seabury Uon & A m m unition Co.—Attachments.—
An attachment for $30,000 was served on the company onMar. 7 and on the follow ing day an additional attachment in
the sum of $850,000, the latter at the instance of J. B. M.
Qrosvenor, the V ice President and Secretary, to secure money
loaned. The plant of the oompany is now idle. Reports
were recently current that the property has been acquired in
the interest of a general ordnance consolidation, but their
truth has been denied, A plan of re-capitalization has also
been spoken o f.—V. 74, p. 481.
Du Pout (E . I.) De Nemours Co.—Incorporation.—This
company was incorporated in Delaware on Feb. 27 with
$20,000,000 capital stock (all o f one kind) in $100 shares, to
manufacture gunpowder and other explosives, taking over
the business of the firm ot' which Eugene Du Pont, who died
recently, was the head. The incorporators are:
F rancis G. D a P ont, H en ry A. Du P on t, A le x is A. Dn P ont, A lfred 1.
D a P ont, T hom as C olem an Du P ont and Charles I. Du P on t, all o f
W ilm in gton , D el., and P ierre S. Du P ont o f L orain, O.
Thomas Coleman Du Pont is President.
Fay-Sholes T yp ew riter Co. of Chicago. — Increase o f
Stock.—The capital stock has been increased from $300,000 to
$500,000, and the new stock has been taken by a syndicate
composed of the follow iog :
O w en F. A ldis, Jam es H. E okel». O. N. F a y , H. H. F ay, F ra n k lin H.
H ead, B ryan Lathrop, Franklin M aoV eagli, S am uel M ather, C yru s H.
M oO orm iok. H arold F. M oOorm iok, Stanley M oOorm lok, W illia m E.
Stone, A. D. W h eeler and P eter White.
F ederal Telephone Co.—Status.—W e are officially in
form ed that ow ing to some recent changes in the situation it
is doubtful whether the collateral trust mortgage w ill be
executed as previously contemplated. A sale o f the property,
it is understood, it is now thought may be more advisable.—
V. 74, p. 481, 429.
Hom estake Mining Co.—Increase o f S tock —The stock
holders will vote on Apr. 1, 1902, on increasing the capital
stock from $21,000,000 to $22,000,000. The proposed increase
is believed to be incident to the absorption of the DeadwoodTerra mine,—V. 69, p. 1105.
Hudson County Gas Co.—R eport.—President E, F. C.
Y onng at the annual meeting on March 12 reported that the
net profits for the year 1901, after payment o f all interest and
fixed charges, were $115,008. The outstanding stock is $10.500.000, mostly owned by the United Gas Improvement Co.
— V. 69, p. 957.
Illinois Anti-Trust Law.—Unconstitutional —The United
States Supreme Court, Justice Harlan delivering the opinion,
on March 10 decided the Anti-Trust A ct o f 1893 to be illegal
on the ground that it contains special legislation, agricultural
products and live stock not being included in the operation
of the law. The Court holds that this exempting clause is so
interwoven with other portions of the statute as to render it
impossible to eliminate it from the law as an entirety, and
that therefore the entire law is invalid.—See V . 70, p. 283.
Journeay & Burnham of Brooklyn.—First Dividend.—
The first dividend on the stock of the reorganized company
has been declared, being semi-annual, 3 per cent, payable
A pril 1.—V. 72, p. 1139.
Knickerbocker Ice Co. of Chicago.—Offer to Sell.—Presi
dent Field is quoted by the N ew York “ News Bureau” as
saying that the advances made to the American Ice Co. to
sell were by unauthorized persons having no connection with
the management of the company and that no official action
has ever been taken or contemplated.—V. 74, p. 375, 330.
La Belle Iron Works of Wheeling, W. Ya.—Increase o f
Stock.—The stockholders will vote on March 25 on increas
ing the stock from $3,000,000 to $5,000,000.—V . 73, p. 902.
Lackawanna Steel Co.— Over-subscribed.—Announcement
is made that the $15,000,000 new stock has been largely over
subscribed, all the stock having been taken by the stock
holders of the old company, and many applications having
been put in by outside parties.—V. 74, p, 429.
Marconi Wireless Telegraph Co. of America.—Offering.
—An offer of stock for development purposes will shortly be
made, from the proceeds of w hich, it is understood, $500,000
w ill go into the treasury o f the New Jersey company and
about $250,000 into that o f the parent company, an English
corporation. Messrs. E. Rollins Morse & Bro. o f Boston
have charge of the financing operations.—V . 74, p. 155,
Montreal Light Heat & P ow er Co .-B o n d s Offered.— The
Bank of Montreal and N. W . Harris & Co. o f New Y ork,
Boston and Chicago, own and offer at 102 and interest $2,500,
000 first mortgage and collateral trust 4>.£ per cent gold
[V o l . L X X IV
bonds, dated Jauuary 1,1902; due January 1, 1982; optional at
105 and interest on and after Jan. 1, 1912; interest payable
January 1 and July 1 in Montreal or New Y ork; Royal Trust
Co. of Montreal, trustee. The bonds are coupon bonds in
denomination o f $1,000 each and may be registered as to
principal. They are part o f an authorized issue of $7,500,000,
o f which $3,695,000 are reserved for extensions and $1,405,000
to retire the only outstanding bonds o f constituent com pa
nies not deposited under the mortgage, viz.:
Montreal Gas Go., $243,414 4Jcs, due Deo. 16,1002; $160,000 Ss,
flue J due 23, 1908 ; #480,Olio 4s, flue July 1,1021; $623,000 Royal
Electric Co. 6a. due Oot. 1, 1914.
The Light Heat & Power Co., whose capital stock is $17,*
000,000, has acquired and now operates the properties of the
Montreal Gas Co., the Royal E lectric Co., the Imperial E lec
tric Co. and the Montreal & St. Lawrence Light & Power Co.,
which owns a large water power plant at Chainbly, 18 miles
from Montreal, and controls the entire gas business in the
city of Montreal and its suburbs, furnishes power to the
Montreal Street E iilw ay, does all the public lighting, and
distributes a large volume o f electric current for lighting and
power purposes. The charter and those o f all the constituent
companies are perpetual. See advertisement on page x.
Earnings—The earnings for 1901, as reported fer the prop
erties operated independently, were ; Gross earnings, $1,090,706; n d earnings over taxes, $300,877; interest on bonds,
$176,070; balance, surplus, $023,707.
Officers -President, Herbert 8. Holt; First Vice-President, James
Ross; Second Vloe President, Rudolph Forget; Seoretary-Treasurer,
H. H. Henshaw
Directors— Herbert 8. Holt, James Ross, Rudolph Forget, H. Mon
tagu Allan, O. E. L. Porteous, Hon. L. J Forget, H'»n. Robert Maokay,
Hon. H. B. Ralnville. F. C. Hensbaw.—V. 74, p. 208, 155.
N airngausett E lectric L igh tin g Co.—Consolidation.—See
Rhode Island Co. under “ Railroads.”— V. 72, p. 286.
National Bread Co.—Subsidiary Company.—The National
Bread Co. o f St. Louis, with a capitalization of $600,000, has
been incorporated in Missouri as a subsidiary com pany to
use the patents of the parent company, being similar to the
United States Bread Co. o f New Y ork. Notice is given that
applications will be received for the formation of additional
subsidiary companies.—Y . 74, p. 330.
New Haven Iron & Steel Co.—Earnings.—For the 6
months ending Mar. 1, 1902, earnings were: Gross earnings,
$395,384; net earnings, $40,181; dividend, payable Mar. 18 (25
cents per share), $25,000; charges, $2,802; balance, surplus,
$12,379 — V. 72, p. 85.
New York & New Jersey T elephone Co.—R eport.—Results
Jor the year ending Dec. 31 were:
Cal.
Year.
Gross
Earnings.
Net
Fixed
Earnings.Charges.
Dividends
Paid.
1901.. ..$3,376,432 $1,081,799 $174,104 (7) $316,285
1900.. .. 2,827,481
808,877 174,731 (7) 490,650
-V . 72. p. 583.
Balance,
Surplus.
$281,409
143,496
N icaragua Canal Co.—R eport.—The Senate Committee on
Thursday reported favorably, without amendment, the Hep
burn bill for the construction of the Nicaragua Canal. The
written report is expected to be ready to-dav or early next
week. A minority report w ill be presented by Senator
Hanna and several others.—V. 74, p. 530, 99.
P acific L igh t & P ow er Co.—Incorporated.—The company
was incorporated in California on March 6 with $10,000,000
authorized capital stock, as a consolidation, it is understood, of
the electric light and power companies in Los Angeles and
other parts of Southern California, including the San Gabriel
Electric Co. (See V. 72, p. 991. The incorporators are :
Henry E. Huntington, I. W. Heilman. A. Borel, Charles de Guigne
of San Franolseo, William Kerckhoff, Kaspare Cohn aud H. W. O’Melveney.
The company has the right to manufacture, produce and
sell light, heat, power, gas and water for power and irriga
tion and domestic purposes.
Pennsylvania Farnace Co.—Increase o f C apital.—The
stockholders w ill vote on March 18 on providing sufficient
working capital for conducting the business of the company,
and to that end reducing the capital stock and thereupon in
creasing the same; also as to whether they will lease or sell
the property, and appoint a comm ittee or committees with
full power to carry out such action as the stockholders
may take.—V. 72, p. 441.
Pressed Steel Car Co.—Suit.—'T he company has co m
menced an action in the United States Circuit Court in P itts
burg against John M Hansen, its form er chief engineer, to
compel him to assign to it certain inventions made by him
while in its employ up to Dec. 81 last, and covered by six
pending applications forletters patent, as called for by his con
tract with the company. Judge Buffington has granted an
order restraining him from assigning or making use of these
inventions and the pending applications and from in any
way interfering with their prosecution in the Patent Office,
or the grant and issuance o f patents to the Pressed Steel
Car Co. A further hearing will be held about April 1.
The refusal to assign the patents is alleged to be the re
sult of a conspiracy with other form er employes to establish a
competing manufacturing company, to wit, the Standard
Steel Car Co., and wrongfully turn over to the latter the
patents in question. The Pressed Steel Car Co, claims to
have an absolute monopoly, under nearly 300 patents, of the
manufacture o f steel cars, withont the infringement of
which, it is stated, the Standard Steel Car Co., if established,
cannot carry on business.—V, 74. p. 208, 215.
YW
C o r o t h e r I n * out i n c u t N e w * * e e r a g e * 5 S S u n i t t S I .
THE CHRONICLE,
fk p m is mx& ^otmacntz.
Ma rch 15, 1902.J
THE
CENTRAL
REPORT
R A ILRO A D
FOR T H E Y E A R
COMPANY
OF
581
NE W
JERSEY.
ENDING DECEM BER 31, 1901.
$141,775 23 were expended for ch a n g in g grades and e lim
inating grade crossings.
A t Bayonne the work o f e lim in a tin g all grade crossings o f
N e w Y o r k , F ebruary 25th, 1902.
)
To the Stockholder* o f tli<} Central, Railroad, C om pany oj streets is in progress; the expen ditu res w hich have been
made during the year on a cco u n t o f this w ork (w h ich is
' New J e r s e y :
'WThe Board o f D irectors subm it the follow in g report for the nearing com p letion ) aggrega te $111,822 1)9.
W est o f Raritan the grade through V a n d e v e er’s Out has
year en din g Dec. 31st, 1901.
The operations o f the C om pany fo r the year,as com pared been reduced from *414 o f one per cen t to -271 o f one per
w ith the previous year, are shown by the follow in g state cen t, perm itting the haulage o f a h eavier ton n a g e with a
given power.
m ent:
$101,902 08 w ere expended for im provem ents at term inals.
1901.
1900.
Reoeipts, inoluiilng income from invest$
The work o f filling the tide-w ater flats at Jersey C ity , c o m
$
ments and net earnings of water
m enced in 1900, has been con tin u ed , 887,903 yards o f fill
routes, shipping ports, etc................ 17,189,884 65 15,733,348 20
Operating Expenses.............................. 7.825,247 01 7,878.345 83 havin g been placed du rin g the year, m ak in g the total
quantity to date, 1,496,336 yards. There y et rem ains abou t
Net Earnings .................................. 9,364,587 64 7,855,002 37 300,000 yards o f fill to be placed to com p lete the first section
L e s s Insurance Reserve
o f this w ork.
Fund......................................$100,00000
Renewal and Improvement
Plans are b ein g prepared fo r a series o f large piers,
Fund.............................
350,000 00
adapted and equipped for the q u ick h andling o f fre ig h t d i
Depredation on 45 Locomo
rect betw een ocean steam ships and cars, as w ell as fu rn ish in g
tives ................................. 190,000 00
---------------640.000 00
storage and warehouse fa cilities. It is hoped to begin early
8,724,587 64 7,855,002 37 in the year 1901 the con stru ction o f the first pier o f th e s e
5,501.104 25 5.235,639 49 ries and have it com p leted d u rin g the co m in g season.
Fixed Charges and Taxes................
The term inal yard at E lizabeth p ort has been enlarged,
Surplus............................................. 3,223,483 39 2,619,362 88
Less Dividend paid to Stockholders....... 1.570.516 00 1,355,615 0 0 14,290 feet o f tra ck h a vin g been a id e d th ereto.
Surplus............................................ L652.967 39 1,263,747 88
$42,964 82 were expen ded fo r station b u ildin gs and appur
The details of the accounts will he found on page 583.
tenances.
N ew passenger stations have been b u ilt at Roselle and th e
F rom the foreg oin g statem ent it w ill be seen th at there
was a surplus, resu ltin g from the operation o f th e year large passenger station on the south side o f tra ck at P lain field has been com pleted.
1901. o f ................................................. .....................$1,652,967 39
A freigh t transfer station has been b u ilt at P hillipsbu rg
and th at there was d educted fro m th e in com e:
For renewals and improvements........., .......................... $350,00000and freigh t houses at G arw ood, A sbury and H ighlands o f
For Insurance Reserve fund........................................
100,000 00 Navesink.
$59,939 82 w ere expen ded fo r sidings and con n ection s.
making a total of............................................................$2,102,967 39
D uring the year there w ere con stru cted 63 sidings to m a n
T o this sum m ay be added the fo llo w in g
u fa ctu rin g plants and alon g the C om pany’s rig h t-of-w a y ,
am ounts obtained du rin g the year 1901 from 1
am ounting in all to 88,636 fe e t o f track.
the sources nam ed belo w :
$19,161 57 were expended for w ater stations, etc.
Sale of securities owned........................... $838,253 34
W a ter stations have been erected at E lizabethport Y a rd ,
Decrease of material and supplies........... 94.252 35
Sundries.................................................... 206,700 83 1,139,706 52 W h ite H ouse, H igh B ridge, B loom sbu ry. H op ateon g J u n c
$3,242,173 91 tion . and a w ater supply system and w ater station at
R ockport.
O f this am ou n t o f $3,212,173 91, the sum o f $319,164 84 was
$57,874 10 w ere expended fo r land and rig h t o f w ay.
added to the cash on hand, and the balan ce w as disposed o f
A lso the sum o f $1,811 78 fo r m iscellaneous purposes.
as follow s:
The total o f these expen ditu res fo r addition s to the
$635,639 32 w ere expended fo r shops and engine houses.
property aggregate $1,192,222 92, from w h ich should be d e
The repair shops located near the w ater fro n t at Elizabeth- d u cted $105,425 30, representing land sold and track s and
port w ere bu ilt over fo r ty years ago to m eet the conditions buildings rem oved , m a k in g the n et expenditures $1,086,th en existin g. W ith the in trodu ction o f h ea v y m odern 797 62.
pow er and a larger type o f cars, the fa cilities afforded were
$1,419,273 94 were expen ded in a cq u irin g a d d ition al equip
inadequate to the needs o f the service, and early in 1901 the m ent and for equ ipm en t to take the place o f th a t dism antled
erection was begun o f n ew shops on a plot o f grou nd (p u r and sold, as show n b y the fo llo w in g statem en t.
chased some years ago fo r this purpose) opposite the Eliza
,----- Additions.------,
Dismantledor Sold.—,
beth port Passenger Station. The con stru ction has been so
Capacity.
CapacityTractive
Tractive
No.
No.
fa r com pleted that the M achine Shop was opened for work
Power—Lbs.,
Poivet— Lbs.
on F ebruary 1st, 1902.
Locomotives —
2 0 0 ,6 7 0
6 4 3 ,1 9 0
18
R o a d e n g in e s ................... .
.
21
The w ork n ow under con stru ction com prises:
O
f
c ice
of
the
of
C en tu ai. R a
N ew Jersey.
h ,r o a d
Co.
i
M a c h in e . E rectin g a n d B o il e r S h o p s ...........................150 x 700 feet
B l a ck sm it h S h o p ...................................................................... 80 x 300 “
P o w e k H o u s e ............................................................................. 8 0 x 1 4 0 “
S to r e H ouse an d O f f ic e ................................................... 5 0 x 3 0 “
O il H o u s e .................................................................................. 3 0 x 70 •*
T r a n s fe r T a b l e ....................................................................... 8 0 x 8 4 0 “
P assenger Oa r S h o p ............................................................... lO o x 4<>o “
P a i n t S hop ................................................................................ 1 5 0 x 3 0 0 “
R o u n d h o u s e ...............................................................................
2 5 stalls
The con stru ction has been first class in all respects; the
Store House, Oil H ouse and P ow er House are o f con crete
construction throughout, the Round H ouse and B lacksm ith
Shop have con crete walls, w h ile the oth er shop buildings
have con crete fou n dation s w ith steel fram es and b rick walls.
The tools w ill be operated b y e le c t r ic i'y and com pressed
air carried through tunnels ru n n in g beneath all the b u ild
ings. The shops are also well equipped w ith e le ctric cranes,
th e largest bein g capable o f handling our heaviest lo co m o
tives.
The m ajor part o f the work o f con stru cting and equipping
these shops has been dune; the balance, tog eth er w ith the
necessary yard facilities, will be com pleted du rin g the c o m
in g year.
The cost o f the buildings, equipm ent and yard when fin
ished will represent an expenditure o f abou t $850,000.
A t C om m unipaw a tw enty-stall round house and an ash
pit have been com pleted
$128,151 20 w, re expended for au tom atic signals.
ri he line between Bound Brook, N. .1., and W h ite H aven,
Penn. (224 miles of main track), has been equipped during
the year with automatic electric block signals.
The entire line from Jersey C ity to W h ite H aven, P a., is
now equipped with au tom atic signals, thus insuring m u ch
greater safety in the handling o f traffic, as well as in creas
ing the efficiency o f the service by the m ore regular and
prom pt m ovem ent of trains. In no case does the length o f
an y block in this system exceed one m ile.
S w itch e n g in e s .....................-
8
Capacity,
Tons.
Freight Oars—
B o x ca rs ...........................
S teel c o a l c a r s .....................
H o p p e r o o a l o a r s ...............
G o n d o la c a r s .......................
S tock c a r s ...... .................. .
D r o p -b o tto m g o n d o la c a r
F la t C ars.________________
Oil ta n k o a r s .......................
O re o a rs—s ix -w h e e l.........
C oal o a r s —s ix w h e e l........
C oal c a r s —fo u r w h e e l___
O re c a r s —fo u r-w h e e l........
L im e c a r s —fo u r -w h e e l...
Passenger Oars—
C o a c h e s.....................................
C o m b in a tio n o a r s .................
B a g g a g e o a r s ..........................
B a g g a g e an d m all c a r s ___
Service Oars—
Bnow plow. ......................
B a lla st d is tr ib u te r ...............
P o lin g c a r ................................
C a b o o s e c a r s ..........................
G ra v e l dump c a r s .................
Y a rd ea rs................................„
Ferryboats—
s t e e l—d o u b le -d e o k ...............
W o o d e n ............. i .....................
1 ,0 0 0
l.O tO
200
3 0 ,0 0 0
4 4 ,0 0 0
8 ,0 0 0
__
....
2 ,2 0 0
8 2 ,0 0 0
Cavacit
Tons,
92
1 ,8 4 0
190
169
4
9
8
9
20
17
1,0 1 3
52
18
4 ,7 5 0
3 ,1 0 8
56
225
144
225
132
204
5 ,0 6 5
260
10 8
1,6 01
1 6 ,1 1 7
15
5
28
8
........
i
5
25
37
1
1
1
13
13 2
1
3
14 6
2
1
$100,000 w ere set apart as an Insurance Reserve fu n d.
A n analysis o f the am ounts paid to Insurance C om panies
as prem ium s and the am ounts collected on a c c o u n t o f fire
losses have dem onstrated the d esirability o f the C om pany
ca rryin g its ow n fire risks on the greater p a r to f its property.
T o establish a fund to provide for fire losses w h ich m ay
o ccu r after January 1st, 1902, the sum o f $100,000 was set
582
THE
CHROM OliE,
[VOL. LXXIY,
INTEREST AND RENTALS.
aside from the in com e o f the year 1901 ami tlie a m ou n t in
vested in
C onsolidated E xtension Bonds o f the L eh igh
Charges fo r interest have decreased $16,843 94 as com
& W ilk esbarre Coal C om pany.
pared w ith previous year throu gh retirin g E quipm ent Bonds
The earn in gs o f the Insurance Fund to g e th e r w ith the and the con version o f D ebenture Bonds in to C apital S tock .
prem ium s ch arged against the op era tin g expenses w ill, it is
Charges for rental o f leased lines have increased $231,a n ticip ated , in a fe w years be sufficient to provide fo r all 140 38 on a cco u n t o f am ounts payable to lines leased on a
lire losses w h ich the C om pany m ay su stain.
percen tage o f gross receipts, the increased rental bein g due
$190,090 were used in th e red u ction o f th e jfu n d e d d e b t as to increased business.
follow s:
CAPITAL STOCK.
F o r E q u ip m e n t L e a se b on d a ....... .............................. .— $ 1 7 0 ,0 0 0
O f the $30,000,000 au th orized C apital S tock o f the C om
“ R eal E sta te M o r tg a g e b o n d s ......... ...........................................
2 0 .0 0 0
pany, there is n o w ou tsta n d in g $27,411,800-t h e r e having
$90,907 51 were used for advances for co n stru ctio n .
been issued d u rin g the year 8198,000 for red em p tion o f an
The im provem ent o f the physical con d ition (of the p r o p equal am ou n t o f C on vertib le D ebenture Bonds,
erty has been con tin u ed d u rin g the year.
FUNDED DEBT.
The w ork o f rep la cin g w ooden and lig h t iron bridges w ith
The total fu n ded in debtedness o f the C om pany at the
m ore substantial structures has been co n tin u ed , six teen
close o f the fiscal year (in clu d in g real estate bon d s and
bridges having been renew ed du rin g the past year.
m ortgages) am ounted to $46,684,100, as again st $47,072,100
D uring th e year 44 m iles o f m ain tra ck were relaid w ith
at the close o f 1900, a decrease o f $388,000: representing
n ew steel rails o f 85 pound section , and 31 5 m iles o f o th e r
tra ck relaid w ith rail (m ostly 70, 70 and 80-pound s e ctio n ) $198,000 C on vertible D ebenture Bonds retired th rou gh e x
ch a n ge fo r C apital S tock , $170,000 E quipm ent Lease Bonds
rem oved from m ain tracks.
C on tracts have been placed for d eliv ery o f 10,000 tons ot m atured June 1st, 1901, and paid, and $20,000 Real Estate
Bonds and M ortgages paid.
85-pound steel rails for renew als d u rin g 1903.
O f the $50,000,000 G eneral M ortgage F ive per cen t Bonds
There were 317,557 ties ren ew ed and 434^ m iles o f tra ck
there have been issued (in clu d in g both registered and
reballasted w ith broken stone.
cou pon bonds) $43,924,000, lea vin g a balan ce unissued o f
A t N ew ark exten sive im provem ents and ch a n g es are u n
der w ay in v olv in g the elevation o f both fre ig h t and passen $6,076,000, o f w h ich there are held b y the Trustee o f G eneral
M ortgage $1,221,000 to co v e r prior lien bonds (b e in g $1,167,ger yards, depression o f M ulberry S treet, b u ild in g n ew
000 bonds due N ovem ber 1st, 1902, and $54,000 D ebenture
freig h t houses, a n ew train shed, a new b rid ge ov er the
B onds due 1908).
P enn sylvania R ailroad , and the raising o f the b rid ges ov e r
NEW EQUIPMENT.
the streets west o f U nion S treet.
C ontracts have been aw arded fo r the fo llo w in g new
equ ip m en t:
EARNINGS.
60 Locomotives,
750 Coal Oars of 80,000 lbs oapaolty,
The receipts o f the C om pany from th e several classes o f
30 Coaches,
500 Gondola Cars of 80,600 lbs. oapaolty,
5
Combination
Cars,
1,000
Box Cars of 60,000 lbs. capacity,
business fo r the last five years were as fo llo w s :
5 Baggage Oars,
1 Steel Double deck Ferryboat,
1897
1898
1899
1900
1001
60 Refrigerator Cars,
3 Tlirec-traok Car Floats.
EarniTHw—
$
$
!
>
$
$
M erchandise........................ 8,410,007 3,709,050 4,519,483 4,744,089 5,073,417
The con tra cts en tered in to for rollin g stock to be delivered
C oal........................................ 5,454,354 5.007,388 6,iO8,70S 6,388,653 7,330,817
du rin g the co m in g year aggrega te $2,858,657 50. To provide
8,870.361 8,776,439 10,738,370 11.037,092 12,304,833 fo r this an E q uipm en t Trust M ortgage has been created
Passenger............................. 2,281,333
2,330,'29 2,530,159 2,500,085 2,002,710
Express and M all..............
200,992
285,060
271,'29
284.272
293,877 under w h ich ten -yea r fou r per c e n t bonds w ill be issued,
125,042
114,324
109,540
94,597
85,863 a m ou n tin g to $2,500,000.
M iscellaneous.....................
O ne-tenth o f these bonds to m a
Total Rail L ines.......... 11,508,328 11,505,847 13,645,710 13,795,646 16,286,709 ture each year a fte r 1902.
Other operations (net)......
397,824
456,869
500,006
521,384
593,749
PAY ROLLS AND MATERIAL ACCOUNT.
Incom e Irom investm ents
698,139 596,526
058,288 1,236,318 1,309,310
The pay roll fo r the year aggregated $5,492,319 95, and the
12,004,291 12,558,243 14,810.003 15,733,348 17,189,835
m aterial used a m ou n ted to $2,583,079 68. The value o f m a
B y referen ce to th e fo re g o in g statem en t it w ill be noted
terial on hand D ecem b er 31st, 1901, w as $612,020 36, bein g a
th at m arked increases have been m ade in th e reven ue from
decrease o f $94,252 35.
all classes o f traffic; the gross earnings o f rail lines fo r the
CHANGE OF FISCAL YEAR.
yea r ($15,286,708 80) b e in g the largest in the h istory o f the
The Inter-S tate C om m erce C om m ission and the a u th ori
C om pany, sh ow in g an increase over the previou s year o f
ties o f m ost o f the States h a vin g fixed upon the year en din g
$1,311,062 52, or a gain o f 9‘38 per cen t.
T he earnings for the m on th o f D ecem ber. 1901, fe ll o ff as June 30th as the period fo r w h ich reports m ade to them shall
com p ared w ith previous m on th s on a cco u n t o f a severe be rendered, and a large n um ber o f railroad com pan ies h av
storm on th e 14tli o f th at m on th , cre a tin g a flood in the in g ch anged their fiscal years to m eet these requirem ents, it
L eh ig h R iv er, cau sin g w ashouts and dam age to tra ck s at a is deem ed advisable, fo r the sake o f u n ifo rm ity , th at this
n u m ber o f points on the L eh igh and Susquehanna d ivision , C om pany shall co n fo rm to the gen eral p ractice and end its
b lo ck in g the road fo r a n um ber o f days and seriously in te r fiscal year on June 30th instead o f D ecem ber 31st, as h ereto
fe rin g w ith the m ovem en t o f traffic fo r the b a la n ce o f the fore. The n e x t report w ill th erefore co v e r the six m onths
m on th . The w ork o f rep airing the dam age has been v ig o r from Jan uary 1st to June 30th, 1902.
B y resolution o f the Board o f D irectors th e annual m eet
ou sly prosecu ted and traffic is n ow m ov in g regu larly.
U n d er the term s o f th e lease fo r the L eh igh and Susque in g o f S tockh olders fo r the e lection o f D irectors w ill, a fter
hanna R ailroad, the cost o f repairing the dam ages caused the annual m eetin g in May, 1902, be held on the F riday fo l
b y fresh et w ill be assum ed b y the ow n ers, th e L eh ig h Coal lo w in g the th ird M onday in Septem ber in each year.
& N avigation C om pany.
G E O R G E F. B A E R , P resident.
The op eratin g expenses for th e year as show n b y the a n
n exed statem ents w ere less than th e previou s year, resu lt SECURITIES OWNED BY THE CENTRAL RAILROAD COMPANY
in g in a gain in n et earnings o f m ore than the en tire in
OF NEW JERSEY.
Pledged
Uncrease in gross receipts. The decrease in M ain ten an ce o f
'ar value, under mtge. pledged.
E quip m en t ch arges is largely due to closin g the shops fo r a
St o c k s —
$
$
$
n u m ber o f w eeks in the sum m er o f 1901 on a cco u n t o f the A m erloa n D o c k & I m p r o v e m e n t C o.. 1.000.
000 3,000,000
A
llia
n
c
e
C
o
a
l
M
in
in
g
C
o
........................
150.000
.
.
.
.
150,000
m a ch in ists’ strike. It m ust n ot be overlook ed th a t e x p e n d i
225.000
225,000
A lle n to w n T e rm in a l R y . C o ...............
.............
tures fo r repairs to equ ip m en t w ill be in creased d u rin g the A
lle iA o w n I r o n C o ....................................
148,500
.........
148,500
year 1902,because it w as im p ra ctica b le , o w in g to th e strikes B a lto. C lies. (V A tla n t ic Ry. Co. (p f.).
1,000
.........
1,000
4 5 .000
45,000
.............
and th e b u rn in g o f our shops, to m ake th e necessary e x p e n D o v e r & H ook a w a y R R . C o ............. ..
u n te r R u n W a te r C o ............................
5,000
.........
5,000
ditures in th e year 1901, w h ich , u nder norm al con d ition s, H
20.000
............
20,000
L a ob a w a rm a Iro n & S teel C o .............
good railroad in g requires. No sum has been set apart out L eh igh <- W ilk e s b a r r e C o a l C o ............ 1,124,650 7,S50,000
274,650
,600,000
.......... 1,600,000
o f the earn in gs fo r 1901 to co v e r this item .
L e h ig h V a lle y R R . C o ............................
4 3 7.100
.........
437,100
The ch ange in m ethods o f assem bling and h a n d lin g fre ig h t L eh ig h & H u d s o n R iv e r R R C o ..........
New Y o r k & L o n g B ra n oh R R . C o . . . 1.000 .
000 2,000,000
...
trains w h ich w as inaugurated in the la tter part o f 1897 has O g d e n M in e R R . C o .................................
20,000
.........
20,000
been con tin u ed and fu rth e r p erfected , and the ben efit result
P a ssa ic R iv e r E x te n s io n R R . C o ........
7,700
.........
7,700
.................
10,000
.........
10,000
in g from this ch a n g e, to g e th e r w ith th at fo llo w in g the use S cra n to n Steel C o ...........
p rin g B r o o k W a te r S u p . C o. o f P a ..
3 7 6 ,9 0 0
.........
37 5 .9 0 0
o f the heavier p ow er and larger cars, the d eliv ery o f w h ich S
T e m p le I r o n C o..........................................
66,300
.........
66,300
w as com m en ced in 1899, is la rg ely shown b y the statem ents
16,236,150 13,120,000 3,116,150
on page 24 o f pam phlet, and also by the very m aterial re d u c
tion in the cost o f C on d u ctin g T ransportation fo r the past
BONDS—
year, The ton s transported one m ile have in creased from Alliance Coal Mining Co., 6%.........
48,000
48,000
...........
1,266,113,244 in 1900 to 1,395,516,591 in 1901, or 10'2 per cen t, Brooks, R. G ...................................
28,000
...........
28,000
Carbon
Iron
&
Steel
Oo,
5%
.........
150,000
...........
150.000
w h ile the cost o f C on d u ctin g T ransportation in creased but
Rea) Estate Mortgages (receivable)
132,167
...........
182,167
$11,040 or on ly -26 o f one per cen t.
3,600
Sea Coast RR. Oo.............................
3,500
...........
N otw ith stan din g the fa c t th a t the len g th o f haul on our Lehigh & Wilkesbarre Coal Co.—
........... 2.353,000
7% Income, 1 8 9 ....................... . 2,353,000
fre ig h t business con tin u ed v e ry sm all (each ton o f fre ig h t
5% ,1910..................................... . 8,834,339
........... 8.8S4.3S9
h a v in g been m oved an average o f o n ly 79-29 m iles), fo r the past
...........
811,000
5%,1912 ..................................... . 811,000
year this C om pany reached an average o f 470-9 tons o f re v
. 4,332.000
........... 4,333.000
432.000
432,003
...........
enue freig h t per train per m ile, a v ery g r a tify in g increase C. RR. Co. of N. J „ Equipment.
29,000
29,000
com pared w ith form er years.
A com parison o f the various a ccou n ts com p risin g the
........... 17,163,006
17.16S.006
op eratin g expenses o f rail lines for th e years 1901 and 1900
33,389,166 13,120,000 20,269.156
is show n on page 20 o f pam ph let; and on page 23 a com p a ri
son o f the earnings and expenses o f rail lines fo r the past Book value of above.......................... 26,143,275
five years.
THE
March 15» 1902.]
583
C H R O N IC L E
INCOME
ACCOUNT.
Changes.
1900.
1901.
Increase.
E arn in gs :—R a il L in k s .
M e r c h a n d is e T r a f f l o ..........................................................
C o a l T r a f fic ...............................................................................
P a ss i u g e r T r a fflo .................................................................
E x p r e s s u n d U . 8 . M a i l....................................................
M i s c e l l a n e o u s ........................................................................
T o t a l ................................................................
O p e r a t in g E x p e n s e s : - R a il L in k s .
M a in t e n a n c e o f W a y a n d S t r u c t u r e s ..................
M a in t e n a n c e o f E q u ip m e n t .......................................
co n d u ctin g T ransportation .................................
G e n e r a l and T r a fflo ...........................................................
T o t a l ..............................................................
N et E ar n in g s o f R a i l L in e s . ..............................
L ess :—I n s u r a n c e R e s e r v e F u n d ..........................
R e n e w a l and Im p r o v e m e n t F u n d ...
D e p r e c ia t io n
on 4 5 L o c o m o tiv e s
(s e e p a g e 2 5 o f P a m p h l e t ) ..................
$5,07 3 ,4 1 6
7,230,816
2,602,745
293,876
85,853
$4,744,039
6,283,653
2,609,085
284,272
94,597
53
66
52
82
27
$1,321,874
1,736,587
4,190,3B4
629,518
45
71
79
06
$7,826,247 01
$100,000 00
3 50,000 00
$329,377
947,168
33,660
9,604
$1,311,062 62
59
57
69
98
$39,885 86
$82,092 86
11,040 10
21,931 92
$7,878,345 83
$53,098 82
$ 6 ,0 9 7 ,3 0 0 45
$7,461,461 79
$1,364,161 34
$10 0 ,0 0 0 00
350,000 00
1 90,000 00
190,000 00
$ 640,000 00
6 40,000 00
E ar n in gs o f W a t e r R o u te s , Sh ip p in g
P orts an d N. Y . & L. B. R R .........................
46
69
43
79
$8,743 75
$ 13,975,646 28
$ 15,286,708 80
$ 1 ,3 6 1 ,7 6 0
1,654,494
4,201,404
607,587
07
07
09
03
02
Decrew •*.
$6,821,461 79
$ 6 ,0 9 7 ,300 45
$724,161 34
593,749 47
521,383 96
72,365 51
$7,415,211 26
1,309,376 38
$ 6 ,6 1 8 ,684 41
1 .236,317 96
$ 796,526 85
73,058 42
$7,856,002 37
$869,585 27
$51,168 32
et
N et E ar n in g s f r o m O p e r a t io n . .........................
I n c o m e f r o m I nvestm en ts ...................................
T a x e s .............................................................. ...............
In terest on F unded D ebt and G uaranties (see
p age 18 o f P a m p h let).........................................
In terest—M ifoellaneous ..........................................
R entals o i L eased L in e s...........................................
$ 4 0 2,949 34
$8,724,587 64
$351,781 02
2,676,764 09
66,643 64
2,354,747 18
2,698,278 95
66,972 72
2 ,1 2 3 ,6 0 6 8<
231,140 38
$5,09 8 ,1 5 4 91
$4,883,858 47
$214,296 44
$16,514 86
329 08
5 ,501,104 25
5 ,235,639 49
265,464 76
Less D ividends to S to ck h o ld e rs !* )............
$3,223,483 39
1,570,516 Oj
$2,619,362 88
1 ,355,615 00
$604,120 51
214,901 00
S u r plu s c r e d it e d to P r o f it a n d L o ss .
$1,65 2 ,9 6 7 39
$ 1 ,2 6 3 ,7 4 7 88
$389,219 51
(*) D i v i d e n d s :
- l 1* p er ce n t p aid M ay 1 ,1 9 0 1 .......................................................................................................................
1^4 per cen t paid A ugu st 1 ,1 9 0 1
...............................................................................................
14t p er oent p a id .N ovem b er 1, 1 9 0 1 ..................................................................... .....................................
2 per cen t p a y a b le F eb ru a ry 1, 1902............................................. .....................................................
$310,635
340,785
3 4 0 .9 6 0
5 4 8 ,2 3 6
00
00
00
00
$ 1 ,5 7 0 ,5 1 6 00
CONDENSED B A L A N C E SH EET.
R a ilroa d and E quipm en t...........................
$55,112,875
Securities o w n e d .......................................................................... 26,143,275
A d v a n ces fo r co n stru ctio n ........................................................
610,951
In su ran ce Fund, rep resen tin g bon ds in hands o f T rea s
urer.
.........................................................
100,000
M aterial Su pply, as p er in v e n to r y .............
612,020
Cu r r e n t a s s e t s .
C ash....................................................................... * 1 ,3 9 8 ,7 3 2 77
D u e from A g e n ts..............................................
604,291 31
D u e from R ailroads and T ran sportation
C o m p a n ie s ......................................................
5 17,282 7 6
D ue from Other Co.’ s and In d iv id u a ls___
42 7 ,1 2 2 86
In t. due Jan. 1 ,1 9 0 2 , sin ce paid in ca sh ..
5 98,729 02
3,546,158
O t h e r A sse ts .
B ills receiv a b le, L. & W .-B. C oal C o ......... $ 3 ,0 2 5 ,2 2 4 80
Other a cco u n ts..................................................
62 ,3 9 9 24
---------------------- 3,087,624
38
43
01
00
36
72
04
$ 2 7 ,4 1 1 ,8 0 0
C apital S tock
F unded Debt—
Bonds, 1 9 0 2 .............................................................. $ 1,167,000 00
G eneral M ortga ge b o n d s. 1 9 8 7 ........................ 43,924,000 00
E quipm en t B onds, 1 9 0 2 -1 9 1 0 ............................ 1,360,000 00
C onvertible D eben tu re B on d s, 1 9 0 8 ___
54 ,0 0 0 00
46,505,000
179,100
R ea l E state M ortgage B on d s........................
C u r r e n t L ia b il it ie s —
V ouch ers and P a y -R o lls.................................$ 1,429,896 17
In terest due Jan u ary 1st, 1 9 0 2 .................. 1,036,615 00
In terest. D ividen ds, etc., due p rior to
D ecem ber 3 1st, 1 9 0 1 ..................................
34,106 50
R e n ta ls ................................................................
1,495 00
D ue to R a ilroa d s and T ra n sportation
C om panies....................................................
132,826 53
D ue to Other C om panies and In d iv id u a ls.
55,101 65
2,690,040
D ivid en d s due S tock h olders, p a yable
548,236
F ebruary 1st, 1 9 0 2 .....................................
O t h e r L ia b il it ie s —
In terest aoorned. n ot d u e .............................
$56 374 75
R entals accru ed , n o t d u e ..............................
5,6 0 0 01
T a x e s ..................................................................
862,195 95
E quipm en t A cco u n ts, p a ya b le in m on th ly
instalm ents and b e a r in g 4% in t e r e s t ... 1,047,192 00
Other A o o o u n ts................................................
87,471 89
2,058,834
In su rance R eserve F u n d .............................. $100,000 00
R enew al and Im p rov em en t F u n d ..............
350,000 00
45 0 ,0 0 0
P r o f it an d L o ss —
Jan uary 1st. 1 9 0 1 ...........................................$7,7 1 6 ,9 2 6 10
In co m e A cco u n t, cu rren t y e a r ................... 1,652,967 39 9 ,3 6 9 ,8 9 3
00
00
00
85
00
60
00
49
$ 8 9 ,2 1 2 ,9 0 4 94
$89,2 1 2 ,9 0 4 94
Providence (las Co.—Consolidation .—See Rhode Island
The total surplus on Feb. 28, 1902, was $611,996.—V . 78,
p. 1268.
Standard Steel Car Co. of Pittsbnrg.— Litigation .— See
Pressed Steel Car Co. above.—V. 74, p, 382, 100.
Toledo Home Telephone Co.—Increase o f S tock —A certifi
cate of increase of stock from $50,000 to $2,500,000 was filed
with the Secretary of State of Ohio on March 11.
Trenton Potteries Co.— Dividend .— A dividend of 2 per
cent on the preferred stock was paid on March 10. Since the
resumption of dividends in 1900 they have been paid quar
terly in Jan., April, July and October, in the first month of
each quarter, but the payments are now to be made instead
in the l ist month. The comDany, it is stated, is in no way con
cerned with the proposed combination of pottery manufac
turers in a different branch, viz,, crockery.—V . 70, p. 592.
Union Has & Electric Co.— Liquidation .—This company,
it is understood, has been practically wound up, most of its
stock having been already retired,—V. 70, p. 133.
Co. under *• Railroads.”
Rocky Monntain Telephone Co.—Report, —The results for
the year ending Dec. 31,1901, were: Gross earnings, $522,984;
net earnings. $175,567; dividends, $81,517; balance, surplus,
$94,050.—V . 70, p. 283.
'
San Uabrlel Electric Co. of Los Angelep. —Reported Con
solidation.—See Pacific Light & Power Co, above.—V. 72,
p. 991.
Sioss-Sheflleld Steel & Iron Co.—The results for the three
months ending Feb. 28 (Feb. estimated), were: Earnings
from operations, $279,623; deductions for depreciation and
charges to extraordinary repair and renewal fund, $38,357;
net earnings, $246,266. applicable as follows:
3
» M , end.
fled. 28—
Net
Itond
fla m in g * . Intereel.
1 9 0 1 - 0 2 ................ $ 2 4 6 ,2 6 6
$ 5 2 ,5 0 0
P rop, o f
Taxes.
P ref.
Dividend!.
$ 7 ,5 0 0
$ 1 1 4 ,0 0 0
B alance,
Surplus.
$72,206
THR
584
CHRONICLE,
Union Heat, L igh t & L ow er Co. o f C ovington.—Am al
gamation.—s~oe Cincinnati & Covington Light & Traction
Co. under ’ ‘ Rall^oadd.,,— V. 74, p. 430.
United tins & E lectric Co. o f New Jersey.—Bonds O f
fered
Bertron & Storm, of 40 W all Street, New York, are
oifeiiug ui ItkiLj acd interest the outstanding $600 0 0 first
mortgage collateral trust 20-year 5 per cent gold bonds of
this company, dated Jan. 1, 1902, interest payable Jan. and
July at the Continental Trust Co. o f New York, trustee,
The bonds are part of an authorized issue of $3,000,000, and are
asoured by the various stocks of the gas and electric proper
ties owned, mostly in New York, .-applying towns and cities
of an aggregate population of over 180,000. Of the $2,500,000 common and $1,500,000 preferred 5 per cent cumu
lative stock (par of shares, $100), $1,000,000 com m on and
$600,000 preferred stock, respectively, are outstanding. The
joint operations of the constituent companies for the year
ending Dec. 31, 1901, show results as follow s: Gross Income,
$505,054, against $428,634; net, $214,732; fixed charges, $105,600; balance, surplus, $109,132. See Bay City (M ich,) Gas
Co. above.—Y . 73, p. 1268,
Hailed States P rin tin g Co.—New President.—A t the
recent annual election John H. Frey succeeded John Hodge
as President and some minor changes were made. A one
per cent quarterly dividend was declared, reducing the rate
from 6 to 4 per cent yearly. The reduction, however, it was
stated, will be only temporary to enable the company to
build up a surplus.—V. 71, p. 1313.
United States S teel.—Exchange o f Preferred Stock.—'The
finance comm ittee, it is learned, are maturing a plan to con
vert a portion of the preferred stock, now involving a charge
of seven per cent, into a five per cent bond, and also to rrovide
some new capital. N o action has yet been taken, tint the
follow ing is an outline of the plan understood to be imder
consideration: To convert $200,00c,000 o f the preferred stock
into an issue o f au equal amount o f five per cent 60 year c o l
lateral trust second mortgage bonds and to issue an additional
$50,000,000 of the new bonds, which may be used from time
to time, as necessary, in harmonizing the entire property and
operating it to the best advantage.
It is claimed that the expenditure o f this new capital in
rounding out and perfecting the plants will add to the earn
ing power of the corporation $5,000,000 to $10,000,000 per
annum and that this result may be obtained and at the same
time a saving of $1,500,000 effected In the reduction of the
fixed charges.
The plan under advisement gives an option to the preferred
stockholders to exchange 40 per cent of their holdings for
the new bonds and to subscribe to a further amount o f the
bonds at par, to the extent o f 25 per cent of this 40 per cent,
A feature o f the plan is a provision which will contribute
$1,000,000 annually towards a sinking fund which, with its
accumulated interest, w ill provide fo r the retirement o f the
bonds. The bonds w ill be redeemable at 110 at the end of
ten years. It is understood that the plan outlined as above
has the approval of some of the largest holders of the pre
ferred stock.— V. 74, p. 585, 434.
Utah Sugar Co,—Acquisition o f Stock.—T . R . Cutler, Gen
eral Manager o f the company, on Mar. 5 closed a deal in New
Y ork for the purchase o f one-half o f the stock. He is re
ported as saying: “ N o one else is interested as far as the
stock is concerned, I being the sole purchaser.” The amount
involved is stated to be about $1,250,000. There were un
confirmed rumors that the American Sugar Refining Co. was
interested in the purchase; also others, that the Colorado
Beet Sugar Company was the real purchaser and that the
deal was one of several pending w hich are designed to bring
about a consolidation o f beet sugar as opposed to the cane
sugar interests.—V. 72, p, 1241.
W estern Union T elegraph Co.— Q u a r t e r Earnings for
the quarter and the nine months ending March 31 were:
3 mos. ending
Net
Interest
Dividends
Balance,
MarchZX—
earnings.
charge.
paid.
surplus
1902 (est.) ............$1 ,6 0 0 ,0 0 0
1901 (a c t u a l ) ...... 1,5 04,2 36
9 months—
1901-02 (e e t .) .,.... 5,4 0 7 ,6 3 4
1S0O-O1 (actual)
4,9 22,8 12
$2 44,' OO
23 9 ,0 4 0
$1 ,2 1 7 ,0 1 0
1,2 17,0 01
$ 1 38,9 90
48 ,138
7 2 7 ,0 4 0
71 7,12 0
3,6 5 1 .0 2 4
3,6 5 1 ,0 0 2
1,0 29,5 70
5 5 4 ,6 9 0
Total surplus (estimated) March 81, 1902, $10,348,856.
The regular
per cent dividend is payable April 15.
New Officers.—A t the meeting on March 12 Thomas T.
Eckert retired as President and Robert C. Clowry, Vice-Pres
ident, was elected as President and General Manager. The
new office of Chairman o f the board of directors was created
and form er President Eckert elected thereto — V. 73, p. 1268.
—Messrs. Otis, Wilson & Co,, 182 La Salle St., Chicago,
have issued a pamphlet o f 15 pages, giving very fu ll descrip
tions of a number of bond issues which they have for sale.
The list includes United States o f Mexico issues. The house
make a specialty of foreign government bonds, principally
German and Mexican issues.
— Attention is called to the offering by Courtlandt Babcock
& Co., 44 Pine St., o f American Cigar Co. four per cent
notes, endorsed jointly by the American T obacco Co. and
the Continental T obacco Co.
—United Gas & E lectric Co. is very fully described in a
four-page circular issued jointly by Messrs. Bertron & Storrs,
40 W all St,, and Francis R . Cooley, Hartford.
3£he
[V o l . LX XI V.
C o m m e r c ia l
C O M M E R C I A L
g g im r a .
E P I T O M E ,
F r id a y N ig h t , March 14, 1902,
Generally favorable weather has been experienced through
out the country the past week, and with the m ore seasonable
climatic conditions, a normal condition o f traffic is being es
tablished. An exception, however, is noted at Boston, re
sulting from a strike o f freight handlers and longshoremen.
Local dry goods merchants especially are feeling the effects
o f this trouble, as it is delaying the arrival o f goods, and they
are unable to guarantee deliveries. Reports from Fall R iver
also indicate probabilities o f labor troubles. Beneficial rains
have fallen in the Southwest, im proving the condition of the
winter-wheat crop. A report issued on Monday by the A gri
cultural Bureau showed small reserve supplies o f all kinds o f
grain in farmers’ hands. Continued activity has been re
ported in the iron and steel markets. Stocks o f iron at fur
naces are reported as unusually small. Prices for leather
have shown a declining tendency, with the trade still hold
ing off from making c o n ta c ts of importance. Washington
advices report slow progress towards a settlement o f the ques
tion of Cuban reciprocity, although latest information indi
cates that Cuba will soon be granted a small concession on
the present im port duty on sugar into the United States.
Lard on the spot has been in moderately active demand,
exporters being the principal buyers; early in the week
prices yielded slightly, but the loss was recovered.
The
close was steady at 9*80c. for prime Western and 9^@9J£c.
for prime City. Refined lard has had only a small sale, but the
market has held fairly steady, closing at 10c. for refined for
the Continent. Speculation in lard for future delivery has
b-en moderately active, with prices holding steady ou small
receipts of hogs. T o day the market was quiet but steady.
DAILY CLOSINGPRICES OF LARD FOTOBB8.
8a t.
Mon. Tues.
Wed.
Thurt.
Fii.
Maroh......... ................ . . . 9 7 2
9 '7 2 9*75
9-77 9 7 7
...
Pork has bad only a small jobbing sale in the local market,
but prices have been unchanged and steady at $15 50@16 50
for mess, $16 50@17 for fam ily and $17 50@l9 50 for short
clear. Cut meats have been dull and unchanged at 6% @7c.
for pickled shoulders. 9J^@10Mc. for pickled hams and 8 ^ c .
for pickled bellies, 14@l0-lbs. average. Beef has had a fair
sale at steady prices, closing at $9 50@1Q for mess, $10 25@
11 50 for packet, $11@13 for fam ily and $19@19 50 for extra
India mess in tcs. Tallow has been quiet and slightly
easier, closing at 6 % c. Stearines have been in slow demand
and quoted prices have been somewhat nominal at 1 0 ^ @ !0>£c,
for lard stearine and 9J^c. for oleo stearine. Cotton seed
oil has been steadier, closing at 41^@42c-. for prime yellow.
Butter has been in fair demand and steady at 18@27c. for
creamery. Cheese has continued to meet with a fair de
mand and prices have advanced to 7@ l3c. for State factory,
fu ll cream. Fresh eggs have been in increased supply and
prices have declined to 16c. for choice Western,
Brazil grades o f coffee have been dull. Buyers generally
have shown a tendency to hold back and await developments.
Offerings have not been large, but prices have weakened
slightly and the close was steady at 5%e. for R io No. 7,
W est India growths have been in moderate demand for the
better grades at about steady prices, closing at 8@8J^c. for
good Cucuta. East India growths have continued to drag.
Speculation in the market fo r contracts has been moderately
active. Tired speculative holders have sold to liquidate
their accounts and prices have weakened. The close was
steadier. F ollow ing are the closing asked prices:
March______ . . . . 5-15a. i J u ly . . . . . . . . . . . . 5 '5 0 c . i O ct .....................
5*75e.
M ay. . . . . . . . . . . . 5-35o. I A u g .................. 5'60e. D e o ..
5*90c.
J u n e . . . . . . . . . . . . 5*40o.l Sept
. . . . . . . . . 5*700. IJan . . . . ------- . . . 5 9 5 a
R aw sugars have weakened slightly under limited offer
ings. The close was steady at 3 13-33c. for centrifugals 96deg. test and 2 29-32c. for muscovado 89 deg. test. Refined
sugar has been dull and unchanged at 4 75o. for granulated,
T eis have been in moderate demand and steady,
Kentucky tobacco has continued to meet with a fairly
good demand from both home trade buyers and exporters;
prices have been well maintained. A n uninteresting market
has been reported for seed leaf tobacco, brokers reporting
practically no business being transacted, and prices have been
largely nominal. Foreign tobacco has been unchanged
Business in the market for Straits tin has been quiet and at
the close prices declined under weaker foreign advices to 36
@26*30c. The demand for ingot copper has continue d limited,
but prices have held steady at 1 2 ^ @ l2 ^ c . for Lake, Lead
has not changed from 4 T3%c,, closing steady. Spelter has
advanced and closed firm with buyers at 4*85c. Pig-iron has
continued in active demand and firm at $15 50@ '9 50,
Refined petroleum has been unchanged, closing steady at
7*20c. in bbls., 8'80c. in cases and 4*65c, in bulk, Naphtha
has been unchanged at 9 o5c. Credit balances have been un
changed at $1 15. Spirits turpentine has continued to ad
vance, closing steady at 4tl@46}£e. Rosins have had a mod
erate eale at steady prices, closing at $1 55 for comm >n and
good strained. Hops have had a limited sale at. full values
W ool has been firm but quiet.
TH E
M arch 15, 1902.]
C O T T O N .
F r i d a y .N ig h t , M arch 14, 1902.
C r o p , as in d lo a te d b y o u r telegram s
fro m th e S ou th to -n ig h t , Is g iv e n b e lo w . F o r th e w eek ending
this e v e n in g th e t o t a l r e c e ip t s h a v e rea oh ed 129,107 bales,
again st 126,886 b a le s la st w eek an d 156,847 b a les the previous
w eek , m a k in g th e t o t a l r e c e ip ts s in c e th e 1st o f Sept., 1901.
6,627,387 bales, a g a in s t 6,154,158 ba les fo r th e sam e period of
1900-1, sh o w in g an in orea se sln o e S ep. 1,1901, o f 473,229 bales.
T he Movem ent
of th e
Mon.
Sat.
Receipts at—
Tuet.
Thun.
Wed.
G a lv e s t o n ..........
S a b . P a s s , A o.
N e w O r l e a n s ...
M o b i l e ................
P e n s a c o la , A o .
S a v a n n a h ..........
B r u n s w ’ k .A o .
C h a r le s t o n ........
F t . R o y a l , * 0.
W ilm in g t o n —
W a s h ’ t o n , &o,
5 ,6 3 6
5 ,4 8 0
5 ,6 8 8
2 ,4 7 4
......
......
......
......
N o r f o l k ..............
N ’p ’ t N e w s , * 0.
N e w Y o r k ........
B o s t o n . . ....................
B a l t i m o r e .........
P h U a d e l’ a , A c ..
491
......
6 ,7 1 3 1 2 ,0 0 5 1 0 ,3 8 1 1 1 ,6 9 2
15
14 3
616
185
Sri.
6 ,1 3 2
......
9 ,2 3 1
24
.....r
......
......
......
......
1 ,7 3 7
2 ,8 8 6
3 ,6 6 1
1 ,2 8 8
1 ,3 3 4
......
......
......
17
229
..........
267
2 ,3 3 3
..........
778
..........
741
..........
692
......
......
......
......
269
277
......
......
2
13 6
33
177
......
......
838
......
..........
337
......
......
......
208
718
18
.............
252
214
......
......
......
555
200
97
710
485
975
706
13 7
Tota:
2 ,6 5 8
333
5 ,3 2 5
87
1 0 ,5 4 2
1 ,0 8 7
597
172
2
319
2 8 ,0 0 9
333
5 4 ,3 4 7
1 ,0 7 0
1 0 ,5 4 2
1 1 ,9 9 3
597
1 ,9 7 1
2
1 ,6 8 8
..........
840
2 ,3 0 7
606
622
4 ,1 8 3
21 7
5 ,° 8 1
2 ,3 0 7
2 ,5 7 8
2 ,3 4 0
4 ,1 8 3
1 ,2 0 6
T o t . t h i s w e e k 1 4 8 6 4 2 4 ,6 5 7 2 2 .1 8 4 1 8 ,9 9 1 1 9 ,0 1 9 2 9 ,8 9 2 1 2 9 ,1 0 7
T he fo llo w in g sh ow s th e w e e k ’ s t o t a l r e c e ip t s ,th e to ta ls in o e
S ept. 1,1901, a n d th e s to c k t o -n ig h t , c o m p a r e d w it h la st y ea r,
Beeeiptt to
March 14
Stock
1 9 0 0 -0 1 .
1 9 0 1 -0 2
Thit
toeeft.
Since Sep.
1, 1901.
G a l v e s t o n ... 2 8 ,0 6 9 1 ,8 5 7 ,2 5 4
6 4 ,6 8 0
333
S a b . P ., A o.
N e w O r le a n s 5 4 ,3 4 ? 1 ,9 5 9 ,8 6 6
1 4 7 ,9 2 8
1 ,0 7 0
M o b i l e ..........
1 9 0 ,2 6 2
P ’ s a o o la .& o . 1 0 ,5 4 2
S a v a n n a h ... 1 1 ,9 9 3 1 ,0 2 6 ,1 9 4
597
1 2 6 ,5 1 5
B r ’ w le k .A o .
2 5 2 ,3 8 4
1 ,9 7 1
C h a r le s t o n ..
2
1 ,5 4 0
P .R o y a l .A c .
2 6 3 ,6 9 4
1 ,6 8 8
W ilm in g t o n .
382
W ash ’n , A c .
4 0 2 ,9 3 7
5 ,8 8 1
N o r f o l k ........
2 9 ,4 7 0
2 ,3 0 7
N ’ p o r t N ., A c
9 9 ,9 5 6
2 ,5 7 8
N ew Y o r k ...
1 0 4 ,8 2 0
2 ,3 4 0
B o s t o n ..........
7 3 ,8 9 8
4 ,1 8 3
B a ltim o r e . .
2 5 ,6 0 7
1 ,2 0 6
P h ila d e l, A c .
Thin
week.
Since Sep.
1 ,1 9 0 0 .
4 0 ,7 5 8 1 ,6 9 4 ,1 5 9
103
4 1 ,0 1 9
4 3 ,7 0 3 2 ,0 1 8 ,5 0 7
9 9 ,7 8 9
594
1 3 6 ,0 3 2
211
1 7 ,0 1 1
9 0 7 ,4 5 6
9 6 ,3 0 2
2 ,0 9 8
2 0 7 ,7 0 9
3 ,3 2 9
50
910
2 3 7 ,6 9 1
1 ,4 6 9
522
3 3 1 ,2 2 8
6 ,2 6 4
3 1 ,5 8 7
1 0 4 ,7 9 5
2 ,9 3 9
1 7 4 ,3 8 6
2 ,0 5 9
3 ,9 1 2
5 4 ,4 1 8
743
1 7 ,6 1 8
T o t a l s ........ 1 2 9 ,1 0 7 6 ,6 2 7 ,3 8 7 1 2 5 ,2 7 8 6 ,1 5 4 ,1 5 8
1902.
1 3 7 ,1 5 4
1901
1 3 4 ,6 7 6
.....
2 8 7 ,0 6 8
2 7 ,4 3 3
3 4 0 ,0 4 1
2 0 ,5 1 8
4 2 ,7 0 0
7 ,1 4 7
3 ,2 7 7
104 559
5 ,6 0 7
9 ,u 5 6
7 ,2 5 7
2 ,9 7 5
3 7 ,8 6 5
8 ,3 0 1
1 5 5 ,9 2 2
5 3 ,0 0 0
6 ,9 2 8
3 ,9 3 1
2 6 ,7 3 2
1 4 6 ,4 4 8
6 5 ,0 0 0
1 0 ,7 7 8
4 ,2 2 0
7 7 2 ,9 8 3
8 7 0 ,6 1 5
In o r d e r th a t co m p a riso n m a y be m a d e w ith o th e r years,
w e g iv e b e lo w th e to ta ls a t le a d in g p o r ts f o r s ix season s.
Receipts at—
1902.
1901.
1900.
1899.
1898.
1897.
1 1 ,9 9 2
1 6 ,7 2 0
4 3 ,4 8 6
2 ,9 4 0
2 0 ,2 2 2
4 ,1 9 5
3 ,3 6 3
6 ,5 7 1
214
1 4 ,7 2 1
2 2 ,7 4 7
3 5 ,6 0 8
3 ,3 4 2
1 0 ,0 7 3
2 ,2 3 3
1 ,0 2 9
8 ,3 8 6
161
1 1 ,9 3 0
2 3 ,4 3 0
4 2 ,9 1 8
7 ,9 2 4
1 8 ,2 3 7
1 7 ,1 8 2
2 ,5 7 2
5 ,4 2 7
597
2 7 ,5 0 7
1 6 ,5 2 3
2 3 ,6 1 6
3 ,4 2 9
7 ,3 5 0
1 ,5 7 0
35 5
4 ,2 7 0
194
8 ,1 5 2
1 2 5 ,2 7 8
1 1 2 ,4 3 2
9 5 ,5 1 0
1 4 5 ,7 9 4
6 5 ,4 5 9
G a lv e a ’ n .A o .
N e w O r le a n s
M o b U e ...........
S a v a n n a h ...
C h a s’ t o n , Ao.
W ilm ’ t o n , A c
N o r f o l k .........
N . N e w s, A c.
A ll o t h e r s . . .
2 8 ,4 0 2
5 4 ,3 4 7
1 ,0 7 0
1 1 ,9 9 3
1 ,9 7 3
1 ,6 8 8
5 ,8 8 1
2 ,3 0 7
2 1 ,4 4 6
4 0 ,8 6 1
4 3 ,7 0 8
594
1 7 ,0 1 1
3 ,3 7 9
1 ,4 6 9
6 ,2 6 4
l o t . t h is w k .
1 2 9 ,1 0 7
585
CHRONICLE
S in c e S e p t, l 6 6 2 7 ,3 3 7 6 1 5 4 ,1 5 8 5 7 7 1 ,6 1 3 7 4 4 1 ,9 3 9 7 8 1 5 ,1 9 2 6 1 8 0 ,8 6 5
In a d d itio n to a b o v e e x p o r ts , o u r te le g r a m s to -n ig h t a lso
{iv e us th e fo llo w in g a m o u n ts o f c o tt o n on sh ip b o a rd , n ot
oleared, a t th e p o rts n a m e d .
W e add sim ilar fig u re s fo r
Kew Y o r k , w h io h are p rep a red fo r o u r sp e cia l use b y Measr*.
L am bert A: B a rro w s. P r o d u c e E x c h a n g e B u ild in g .
ON SHirBOAltD, NOT CLEARED POR—
M ch . 1 4 at—
Great „ ,
Qer- Other I CoastBritain
nce many. Eor'gn wise.
N ow O rlea n s.
lialveston----
1 1 ,3 4 3
2 0 ,8 1 9
Savannah. ...
C h a r le s t o n . . .
M o b ile ............
N o r fo lk ..........
N ew Y o r k . . .
O ther p o r t s .
2 ,3 2 1 1 3 ,1 8 0 1 2 ,1 9 9
1 3 ,1 7 6 1 4 ,415
9 .5 0 0
2 .5 0 0
500
100
2,000
2,000
36 1
7 ,9 8 3
Total.
3 9 .3 9 1
5 6 .3 9 2
1,000
1,000
800
800
9 .5 0 0
9 .5 0 0
7 ,0 0 0
500
1,100
4 ,0 0 0
2 4 7 ,6 7 4
8 0 ,7 6 2
4 1 ,7 0 0
2 ,4 7 7
1 7 ,9 3 3
2 8 ,3 6 5
1 5 4 ,8 2 2
7 7 ,5 6 4
T o ta l 1902
4 6 ,6 6 2
121,686
6 5 1 ,2 9 7
T o ta l 1 9 0 1 ..
T o ta l 1 9 0 0 .
3 7 .7 6 2 2 2 6 3 6 1 6 .7 3 0 3 6 ,5 9 3 1 9 ,5 4 7 1 3 3 ,2 6 8
3 6 ,6 6 8 4 6 ,1 6 9 -----1 0 1 ,4 5 9 — - 2 0 ,5 6 2 2 0 3 ,8 5 8
7 3 7 ,3 4 7
7 0 1 ,3 8 0
2 ,8 2 1 2 8 ,4 5 6 2 7 ,1 1 4 1 7 ,1 3 4
Speculation in co tto n fo r fu tu re d eliv ery has been fa irly
a ctiv e . T he tone o f the m a rk et has been som ew h at u n set
tled, and fo r the w eek prices have d eclin ed slig h tly . T he
bear interests h ave la id con sid era b le stress u pon the reports
o f E nglish m ills g o in g on sh orter tim e, and also on th e r e
ports o f the p rob a b ility o f la b o r trou b les at F all R iver. T h e
sellin g has been qu ite aggressive b y the bear traders, fo r c in g
prices d o w n som ew h at, and this has served to b rin g about
som e liq u id a tion o f the sca ttered lo n g interest. The crop
m ovem en t has con tin u ed large, the am ou n t o f cotton in sigh t
fo r the w eek sh o w in g a m aterial gain o v er the sam e w eek
last year, and this to o has had a w eak en in g influence. T h e
leading b u ll interests, h ow ever, h ave con tin u ed to sh ow d e
cided confidence in the o u tlook . T h ey claim th a t th s re
ports o f “ s h o r t-tim e ” fo r the E nglish m ills is n ot im p ort
ant, and that it w ill n ot m aterially influence the con su m p
tion o f cotton . T hey also stick to th eir assertions that the
present c ro p is a sm all one and that the large crop m o v e
m ent is ab ou t at an end. Southern spot m arkets have co n
tinued firm , w ith fa ir b u y in g by dom estic spinners. T o-d ay
tnere w as an u nsettled m arket. The op en in g was at a slight
im provem en t in p rices on better L iv e rp o o l a d v ices than ex
pected ; then cam e a d eclin e o f several points under the large
in sigh t m ov em en t fo r the w eek . Subsequen tly, h ow ever,
the m arket again tu rn ed stron ger and advan ced on sm all
estim ated receip ts at N ew Orleans and H ouston fo r S aturday.
T he close w as v e ry steady at u n ch an ged prices to 3 points ad
vance. C otton on the sp ot has w eakened sligh tly, closin g at
93^ 0. fo r m id d lin g uplands.
rh e ra tes on a n d o ff m id d lin g , as esta b lish ed N o v , 20,1901,
by th e R e v isio n C o m m itte e , a t w h ic h g ra d e s o th e r th an
m id dlin g m a y b e d e liv e r e d o n o o n t r a o t , a re as fo llo w s ,
G oooodd M
M id
idddlin
lingg T i n g e d . . . .
F a ir— ........ .......................... 0. l - 1 4 o n
G
E ven
M id d lin g F a i r ........................ 0 -8 0 o n ~S tr ic t G
~ o o d- -MJ?-----id . T ih g e d .c . 0 -2 0 o n
S tr ic t G o o d M id d lin g ____ _ 0 -5 0 o n
S tr ic t M id d lin g T i n g e d . . . . 0 -0 6 o ff
G o o d M id d lin g .................... 0 -3 2 o n
M id d lin g T in g e d ..................... 0 T 2 o ff
S tr ic t L o w M id d lin g ___ _ 0 T 4 o ff S tr io t L o w M id . T i n g e d . . . 0 -3 4 o ff
L o w M i d d l i n g . . . . . . . . . . . . . . 0 -3 8 o f f M id d lin g S t a i n e d ..................0 -5 0 off
S tr ic t G o o d O r d i n a r y .......... 0 -7 2 o ff S t r ic t L o w M id. S t a in e d ... 1 -0 6 o ff
G o o d O r d in a r y ............................... 1*00 o ffL o w M id d lin g S ta in e d ___ _ 1 -5 0 o ff
On t h is b a sis th e o ffio ia l p r ic e s fo r a fe w o f th e g ra d e s fo r
the p a st w e e k —M ch. 8 to M ch. 14 —w o u ld b e as fo llo w s .
UPLANDS.
i o o d O r d in a r y _____ _____ . . . . . .
uow M i d d l i n g . . ^ . . . . . . . . . . . . . . .
M id d lin g ......... ..
i o o d M id d lin g ............ ..
d id d lin g F a ir ................................
GULP.
S a l.
8-18
8 80
9 3ie
9 -5 0
998
S a t.
M on T ne«
W ed
TM .
F r i.
8-12
8 -7 4
9%
9 '4 4
9-9 2
8"12
874
9%
9 -4 4
9-92
8-12
8 '7 4
9*8
9 -4 4
9 -9 2
8 -1 2
8 -7 4
9%
9 -4 4
9 -9 2
M on T ue«
W ed
TM .
F r i.
8-12
8-7 4
9%
9 -4 4
992
8-4 3
i o o d O r d i n a r y ............. ............... . 8 4 3
8-43
8 -3 7
8 -3 7
8 -3 7
M id d lin g ___ . . . . . . ______ _
905
9 -0 6
905
8-9 9
3 99
8 -9 9
M id d lin g _____ ____________ _
9%
9*8
9716
9 718
9 7 is
9*8
i o o d M id d lin g ....... ............ .......... 9-75
9-7 5
975
9-6 9
9 69
9 -6 9
■liddUng P a i r . . . . .......................... 1 0 2 3 1 0 2 3 1 0 -23 1 0 1 7 1 0 1 7 1 0 -1 7
j OW
S T A IN E D .
S a t.
M on T nes
W ed
The e x p o rts fo r th e w eek e n d in g th is e v e n in g r e a o h a tota l u ow M id d lin g ............................
7-68
7-6 8
7-6 8
7 -6 2
o f 129,962 bales, o f w h ic h 44,036 were to G reat B rita in , 22,662 'd id d lin g .............................. ............ 8-68 8-68 8-68 8-62
8-8
4
8-8
4
t
r
lo
t
L
o
w
M
id
d
lin
g
T
in
g
e
d
...
8-8
4
8 78
to F rance and 63,264 to th e re st o f th e C o n tin e n t, b elow
3 o o d M id d lin g T in g e d ...............
9*18
9 18
9*18
9-12
are th e e x p o rts fo r th e w eek a n d s in c e S ept. 1, 1901.
The
q
u
o
ta
tio
n
s
fo
r
m
id
d
lin
g
u
p
la
n
d
at
N ew
Wm*Mniiint Meh. 14, 1908 from fleat 1,1001 toMch 14 1902
Bxportid to—
Exported to—
Mch. 14 fo r ea oh o f th e past 32 years h a v e been as
Bxvorti
from—
Leaving
stock.
T k.
F r i.
762
8 -6 2
8-78
9 -1 2
7 -6 2
8 -6 2
8-7 8
9 -1 2
Y o r k on
fo llo w s .
1 9 0 2 . . . .0. 9*8
1 8 9 4 . . . . C . 7 ia
1 8 8 6 . . . .0. 9 %
1 8 7 8 . . . . o .101516
Oonti- 19t«!
Br$at
Oont4- Total 9rta’
1 9 0 1 ... . . 8%
1893.
1 8 8 5 . . . . ...1 1 %
1 8 7 7 ......... 1 1 78
Bril'n. France n«nt. Week. Britain. franca ntnt.
1 9 0 0 ...
1 8 9 2 . . . . . 61318 1 8 8 4 . . . .
1 8 7 6 .........1 2 7e
1 8 91 . . . . . 91T8
1 8 8 3 . . . . - 1 0 3 16
Salreiton.... 7,047 16,570 14,001 87,518 795.829809,175 4355051,640.009 1 8 9 9 ...
1 8 7 5 .........1 6 %
1890
1 8 8 2 . . . . . . 1 2 l 18
1 8 7 4 ......... 1 6 %
1 1 716
27,241 46,939 1 8 9 8 ... . . . 6 %
..... 19,695
Sab. Pan, Ac..
1
8
9
7
...
1
8
8
9
,
.
.
7*4
1
8
8
1
.
.
.
.
.
.
1
0
%
“
1 8 7 3 ......... 19 78
Saw Orleam.. 20,645 6,500 17,972 45,117 726,366255.231 5285621,636.148 1 8 9 6 ... . . . 7 l l ie 18 88
1 8 8 0 . . . . ..1 3 * 4
1 8 7 2 ......... 2 2 %
29,809 82,185 1 8 9 5 ... . . . 6
63.370
Mobil#........
1 8 8 7 ........ 9 78
1 8 7 9 .... . . 9%
1 8 7 1 ......... 1 4 78
Peniaeola....
70
7,464 7,524 78,061 12,600 74,585 105325 « o t k .— u n u o t . i , A S 7 4 , g r a d e s 01 c o t t o n a s q u o t e d w e r e c h a n g e d .
...... 15,694 15,694 201,844 48,345 477,101 727,360 A c c o r d in g t o t h e n e w c la s s if ic a t io n M id d lin g w a s o n t h a t d a y q u o t e d
Savannah.....
Brunswick.... ...... ...... .....
66.920 6,048 80,449 101,423 *00. l o w e r t h a n M id d lin g o f t h e o l d c l a s s i f ic a t i o n .
71,414 130,020
Charleston.... .... . ..... 2,200 2,200 05,200
M A R K E T AND S A L E S .
Port Rorai_ •a... . ...... ......
Ba l k s ox S p o t a C o n t r a c t .
WUmlngton...
181,587 860,842
110,076
F utures
Spot Market
2,100 19,244
Norfolk....... .... .
17,144
Market
’ Closed .
Ex
Oon- Con
27,030
Closed .
N’port N., Ao.. .... . ..... ...... ..... 27,639
port. iump. tract. to ta l.
New York.... 7,653 502 1,087 9,337 253,776 16,030 153,281 424,137
Boiton........ 0,607
o6fi7 JflO 2 2 0
4747 184,907 Saturday .. Dull................... S t A a d y _____
o n d a y ___ Q u ie t a t i i 8 deo. B’rly steady.
4 ,1 0 0 4 ,1 0 0
Baltimore.... 2,100
976 8,086 41,751 700 81,120 78,677 M
a y . . . Dull.................... B’rly steady.
T s
1 ,8 0 0 1 ,8 1 5
2.202 12,890 rWueednndesd
Philadelphia.. ...... ..... ......
10188 ......
a y Quiet.................. F ir m ...............
2
1
2 ,7 0 0 2 ,7 2 1
Sanf ran., Ac.. ..... ..... 2,030 8,080 1,084 ..... 127,067 129,041 T h u r s d a y .. Q u ie t .......... ........... Steady____ _
67
67
F
r
id
a
y
........
Q u ie t ___________ _ S t e a d y ..........
200
200
Total...... 44.086 22,662 63,264120,9628,009,670046,2782,180,7795,870,036
Total, 11(00-01. 78,247 10,683 63,147156,1272,326,402661,071 1,832,0604,718,622 T o t a l____
200
1 0 3 8 ,6 0 0 8 .9 0 3
THE
586
tf'ciTUitKei,
CHRONICLE
Highest, ioweat tuia closing prices at New Y o r i.
[YOU LXXIV
A t t h e I n t e r i o r T o w n s t h e movement—that is the receipt#,
fo r the week and s in c e September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1900-01 -i s set out in detail below.
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T h e V i s i b l e s u p p l y o p C o t t o n to-night, as made u p gj
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week’s returns, and consequently a il
foreign figures are brought down to Thursday evening,
But to make the total the complete figures for to-night
(Mch. 14.), we add the item of exports from the United States,
including in it the exports of Friday only,
1902.
1901.
1900.
1899
S loe* at L iv e rp o o l__ . . . Dales. 1,086,000 757,000 632,000 1,787,000
S t o e k a t L o n d o n . . . , , . 4, 000
10,000
3,000
6,000
T otal G reat B ritain stock. 1,090.000 767,000 635,000 1,793,000
Stock at H a m b u r g . . . 14, 000
16,000
17.000
20,000
Stock at B re m e n ........ 214 ,0 0 0
251,000 256.000
418.000
S tock a t A m s t e r d a m ..... . . . . .
1,000
......
3.000
2,000
200
Stock at R o t t e r d a m . . . . . . . . . . .
_____
200
200
Stock at A n tw e r p ....... .
8,000
4,000
3.000
12,000
294.000
237.000
S tock at H a v r e ............
235,000 148,000
S tock at M a r s e i l l e s . .. .. ... .. ..
2,000
4,000
5.000
3.000
Stock at B a r c e l o n a . . . . . . . . . . . . 109,000
58,000
75.000
82.000
61.000
45,000
Stock at G e n o a ................
31,000
42,000
15,000
Stock a t T r ie s t e .. . . . . . . . . . . . . .
2,000
5,000
1.000
T otal C ontinental s to c k s ..
6J 6,000 528,200
646,200 903,200
T otal E uropean s t o c k s .... 1,706,000 1,295,200 1,281,200 2,696,290
India cotton afloat fo r E u rop e
93,000 124,000
31,000
94,000
Am er, cotton afloat fo r Europe.
453,000 373,000
493,000 263,000
E gypt, B razil,& c.,aflt.f or E 'p e
43,000 41,000
32,000
49,000
Stock in A lexan dria, E g y p t ...
237,000 177,000
185,000 258,000
Stock in B om bay, I n d i a . . . . . . .
567,000 515,000
844,000 587,000
Stock in U nited States p o r ts ..
772,983 870,615
905,233 794,131
Stock in U. 8. in terior to w n s ..
467,190 640,676
390,228 461,755
United States ex p orts to-day..
17,306 49,173
48,489
15,641
T ota l v isib le s u p p ly .......4 ,3 6 1 ,4 7 9 4,085,664 3,710,155 5.218,727
O f the above, totals o f A m erican and other descriptions are as fo llo w s:
A m erican —
L iv erp ool stock ____ ....b a le s . 982.000 665,000 527.000 1,667,000
C ontinental s t o c k s ...... . . . . . . 576.000 472,000
622.000 849,000
A m erican afloat fo r E u ro p e ,.. 453.000 373,000 493.000 263,000
U nited States s t o c k . . . . . . . . . . . . 772,983 870,615 905,238 794,131
United States in terior sto ck s. 467,190 640,676 390,228 461,755
48,489
15,641
United States ex p orts to-day..
17,306
49,178
T otal A m e r i c a n .. .. .. .. ... 3,268,479 3,070,464 2,985,955 4,050,527
Mast In d ia n , Bra*U, Ac.—
L iv erp ool s t o c k . . . . . . . . . . . . . . . . 104,000
92.000
105.000 120,000
L ondon s t o c k . . . . . . . . . . . . . . . . . .
4.000
6,000
10.000
3,000
Continental stock s___. . . . . . . .
54,200
40,000
24,200
56,200
In dia afloat fo r E u r o p e . . . . . . .
93,000 124.000
94.000
31.000
49.000
82.000
E gyp t, B razil, & e., afloat.. . . . .
48,000
41,000
Stock in A lexandria, E g y p t... 237,000 177.000 185.000 258.000
Stock in B om bay, I n d i a . .. ... . 567,000 515.000 344.000 587.000
T otal E ast India, & e.. . . . . . 1,093,000 1,015,200 724,200 1 , 168,200
T otal A m erican ...............8 ,2 6 8 ,4 7 9 3,070,464 2,985,955 4,050,527
T ota l v isible su p p ly ....... ..4 ,3 6 1 ,4 1 9 4,085,664 3,710.155 5,218,727
330(1.
M iddling U pland, L iv e rp o o l..
41S16d.
5d.
519S2d.
M iddling Upland, New Y o rk ..
9180,
6%e.
8%C.
9180.
E gy p t G o o d B row n , L iv erp ool
5i&ie d.
544d.
8®8d.
7l4d.
Peruv. R ough G ood, L iverp ool
7d.
678d.
7lfld.
7 ssd.
B roach Fine, L iv e rp o o l.. . . . . .
6d,
59i0d.
SH3adTinnevelly G ood, L iv e rp o o l...
SSjgd.
5 Bi ttd.
4 H 10d.
Continental imports past week have been 105,000 bales.
The above fig ares indicate an increase in 1902 of 275,815
bales as compared with same date of 1901, a gain of 651,324
bales over 1900 and a decline of 857,248 bales from 1899,
fcOlfk.
CO M M
CD
CO
<1 ^ tOM M CH
m
WM
CDfcoCSOMj \f* OC CW<1 CO on CO ©
lOCF^-tOCOCOC&^COH^M
COV cn <1MCOCOa CO« Ol-^OOtCOCOMaCD-dObOSCCXOOOU coaooo<jtfs»
QOCCCbOOCOCBOlf^rf^! ODb3MC5^0tfi-^i^tOCb^<!OCOO^^COQO^O
Cl t O O ^ Q O g O C Q q i O r
Q QQ 0 0 K> t o tO
t-> Qj Q
M
(X tO
H CO m
I se
?*
Ob M CS CO Cl
The aoove bocais snow that tne interior stocks nave de
ceased during the week 26,200 bales, and are to-night 173,486
bales less than at same period last year. The receipts at all
towns have been 5,903 bales more than same week last year.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S i n c e S e p t . 1 ,™
We give below a statement showing the overland movement
for the week and since Sept, 1, as made up from telegraphic
,*sports Friday night. The results for the week ending
Mch. 14 and since Sept, 1 in the last two years are as follows.
1901-1902.
M arch 14.
Week.
Chipped—
V ia 8 t. L o u is
Via P a < S u e a h „ , „ ....
Via R o o k I s l a n d . . . . . . . , r a „
Via L o u i s v i l l e , » „ » . . . . . . .
Via C i n c i n n a t i......
.......
Via oth er rou tes, & o . . . . . . . . . . . . . .
T otal gross o v e rla n d .. . . .
Osduct shipm ents—
Overland t o N. Y ., B o s t o n , & e..
B etw een in t e r io r t o w n s .. . . . . . .
In la n d , < S o.,from S o u th .. . . . . . .
19,148
0,139
944
100
5,983
2,670
5,829
Since
Sept. 1.
1900-1901,
Week.
690,165 11,309
845
119,467
1,118
too
31,215
1,691
162,946
3,402
80,552
3,083
301,610
Mms
S ep t 1.
743,498
189,817
5,899
52,048
13 2,363
80,719
237,862
40,813 1,387,078 20,934 1,422,206
10,507
905
3,047
304,281
50,384
38,386
9,683
1,169
1,971
351,217
93,715
42,785
12,259
393,061
12,823
487,717
L ea vin g to t a l n e t o v e r la n d * .. 28,554
* Including m ovem en t b y ra il to Canada,
994,012
8,111
934,489
T o t a lt o be d e d a o t e d . . . . « « . .
The foregoing shows the week’s net overland movement
this year has been 28,554 bales, against 8,111 bales for the
week in 1901, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 59,523 bales,
1901-1902,
in S ight a n d S p in n ers’
T akings,
Week.
6iHce
Sept. 1.
1900-1801.
Week.
S ine *
Sept, 1.
129,107 6,627,387 125.278 6,154,158
R eceipts at p orts to Mch, 14.
8,111 934,489
28,554 994,012
g et overland to Moh, 14..........
southern consum ption to Mch, 14 37,000 990,000 33,000 867,000
T o ta l m a r k e t e d ........
n terlor stock s in e x ce ss.
194,661 8,611,399 166,389 7.955.647
26,200 337,885 * 22,462 596.049
143,927
Came in to eight du rin g w eek. 168,461
8.551,666
8,949,284
T otal in sig h t Mch. 1 4 — . . . . . .
North’ n spinners tak ’ gs to M oh.14 45,493 1.699,050 47,1561,554.176
* 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 .
Sales.
WeekBales.
Nwoc* Sept. 1—
7 ,9 8 6 .7 9 3
1900—Mar. 16................. . 138,336 1899 0 0 -M a r . "1 6
9,049.040
1899—Mar. 17...................... 142,227 1898 9 9 -M a r. 17
1898 -M a r . 18................... . 172,741 1897 9 8 -M a r. 19........... 9,993,110
19,____
_
7,695.532
1897—Mar. 19..................... 77,804 1806-97 Mar.
. .
11
THE
March 15, 1902.]
Q uotations
for
M iddling * C otton
at
CHRONICLE
O t h er M a r k e t s .-
B elow are closin g quotations o f m id d lin g co tto n at Southern
and other principal cotton m arkets for each day o f the week.
Week ending
March 14
CLOSIN G Q U O TA TIO N S S O U M ID D LIN G COTTON ON
Satur.
Mon.
Tues.
Wednes.
Thurs.
Fri.
8*8
8*8
80s
8*8
8 “e
Galveston...
8*8
8*8
8*8
8*8
New Orleans 8*8
8*8
8*8
8*8
8*8
8l L«
8*8
Mobile........
8Uie
8*8
8 hi
8 hi
8hi
8 » ,a
Savannah...
8 °ia
8 hi
8hl
8hi
Charleston.. 8hj
8 hi
8 ha
8 ha
8 hi
8hi
Wilmington.
8h>
8 ha
8h»
8*3
8
U
l
e
8^
8*0
Norfolk......
8*8
8*8
8 l l ie
9h3
»h )
Boston.......
9hJ
9318
9%
9316
9*e
9hi
9hs
9hi
9h)
Baltimore..
9 ia
9*8
9*8
9*8
Philadelphia » 716
9*8
9*8
813le
8^»
Augusta —
8 78
87s
87S
878
8 9 io
8*s
Memphis—
8*8
8 9 ia
8 9 ia
8® le
8 y ia
8 9 ia
8»ie
St. Louie__
8yia
8 »I6
8 °ie
Houston__
8*8
8*s
8*8
8*8
8*8
8*8
8%
8\
8%
8Si
Cincinnati..
8%
8®b
83(1
83g
8
3
s
8
%
83e
Little Rook.
838
The closin g quotations to-d a y (F riday) at other im p orta n t
Southern m arkets w ere as follow s.
Athens............ 87s
Columbus, Miss 8 k
NashvUle........ 8 hi
Natchez.........
Atlanta........... 8Uie Eufaula...........
87ia
Charlotte........ 9
Louisville....... 8'nia Raleigh.......... 9
Montgomery... 8*8
Shreveport__
Columbus, Ga. 8 hi
8iiia
W e at h er R eports b y T e l e g r a p h .— A d v ices to us by tele
graph from the South this evening indicate that the weather
has been m ore favorable during the w eek. T he temperature
has been higher generally, and w hile rain has fallen in most
sections the precipitation has been ligh t or m oderate as a
rule. The m arketing o f ootton continues on a fairly liberal
scale.
Galveston, T exas.—There has been rain on tw o days o f the
w eek, the precipitation reaching fifty-one hundredths o f an
inch. Tne therm om eter has averaged 62, the highest being
70 and the low est 54.
C orpus Christi, T exas.— There has been rain on one day
during the week, the rainfall reaching fo u r hundredths o f
an inch. The therm om eter has averaged 66, rangiug from
56 to 76.
F o r t W orth , T exas.—W e had rain on three days o f the
w eek, the precipitation reaching one in ch and fifty hun
dredths. The therm om eter has ranged from 44 to 72, aver
agin g 58.
San A n ton io, T exas.—R ain has fallen on one day o f the
w eek, the rainfall reaching one hundredth o f an inch. P lo w
ing is active. A verage therm om eter 63, highest 78, low est 48.
Palestine, T e x a s— W e have had rain on one day during the
week, the precipitation being one in ch and tw enty hun
dredths. The therm om eter has averaged 60, the highest be
ing 76 and the low est 44.
New Orleans, L ouisiana.— There has been no rain the past
week. The therm om eter has averaged 66.
Shreveport, L ou isia n a,— W e have had rain on three days
during the week, the precipitation reaching one inch and
th irty-fou r hundredths. The therm om eter has ranged from
44 to 78, averaging 60.
Columbus, M ississippi.—R ain has fallen on one day o f the
w eek, to the extent o f tw enty-eight hundredths o f an inch.
A verage therm om eter 55, highest 65, low est 45.
Leland, M ississippi.—W e have had rain the past w eek, the
rain fall being one inch and seventy-three hundredths. The
therm om eter has averaged 49 6, the highest being 77 and the
low est 40.
Vicksburg, Mississippi— Planting preparations are three
weeks behind. There has been rain on tw o days du rin g the
week, the precipitation being seventy hundredths o f an inch.
T he therm om eter has averaged 64, ranging from 49 to 77.
L ittle Rock, A rkansas.— W e have had rain on one day the
past w eek, to the extent o f one inch. The therm om eter has
ranged from 43 to 76, averaging 60.
H elena, A rkansas.—There has been raiu on one day o f the
week, the precipitation being one inch and sixty hundredths;
not m uch p low in g yet; labor scarce. A verag e therm om eter
60, highest 79, low est 49.
Memphis, Tennessee.—F arm ing preparations are active. W e
have had rain on one day during the w eek, to the exten t o f
ninety-eight hundredths o f an inch. The therm om eter has
averaged 59’4, the highest being 73’8 and the low est 42 3.
Montgomery, Alabam a.— There has been rain on tw o days
o f the week, to the extent o f fourteen hundredths o f an inch.
A verage therm om eter 62, highest 77, low est 38.
Selma, Alabam a.— It has rained on one day o f the week,
the precipitation, how ever, being tw en ty hundredths o f an
inch. The therm om eter has averaged 65, the highest being
78 and the low est 50.
Mobile, Alabama.— Crop preparations are backw ard in
most sections. W e have had rain on three days du rin g the
week, the rainfall reaching thirty-three hundredths o f an
inch. Therm om eter has raDged from 39 to 71, averaging 61.
Madison, Florida. —There has been rain on tw o days the
past week, to the extent o f one in ch and tw enty hundredths.
The therm om eter has averaged 64, ranging fro m 52 to 76.
Savannah, G eorgia.—There has been rain on one day d u r
ing the week, the rainfall being one hundredth o f an inch,
'the therm om eter has averaged 61, the highest being 74 and
the low est 38.
Augusta, G eorgia.— W e have had rain on one day during
the week, to the extent o f five hundredths o f an inch. The
therm om eter has averaged 59, ranging from 32 to 76.
Stateburg, South Carolina.— Peach trees and w ild plum s
are blossom ing. W e have had rain on one day o f the w eek,
587
to the extent o f thirteen hundredths o f an inch, follow ed by
dense fog. A verage therm om eter 60, highest 76, low est 40.
Greenwood, South C arolin a.— It has rained on tw o days o f
the week, the precipitation being forty-tw o hundredths o f an
inch. The therm om eter has averaged 54, the highest being
68 and the low est 40.
Charleston, South C arolin a .— T here has been rain on three
days during the week, but to an inappreciable extent. The
thermom eter has ranged from 40 to 75, averaging 60.
Charlotte, North C arolina.—There has been rain during
the week, to the extent o f th irty-eigh t hundredths of an inch.
The therm om eter has averaged 53, ranging from 86 to 70.
I n d ia Ootton M o v e m e n t fr o m a l l P o r t s .— T he receipts
if ootton at B om b a y and th e sh ip m en ts fro m all Ip d ia porta
for the w ook en d in g Mch. 13, and fo r th e season fro m 8ep t. 1
o March 13 for th re e yea rs h a ve been as fo llo w s :
1901-02.
Receipts at—
IfeaAc.
1899 1900.
1900-01.
Sine*
Sept. 1.
Week.
Since
Sepl. 1.
Since
Sept. 1.
Week.
-tombay......... , 64,000 1.447,000 48,000 1,045,000 27,000
Since Septem ber 1.
For the Week.
Exports
from —
G reat
B ritain .
C on ti
nent.
Total.
4,000
13,000
10,000
2,000
13,000
14,000
2,000
lombay—
1901 02..
1900 01..
1899 00..
Jaleutta—
1901-02..
1900-01..
189W-00..
Madras—
1901-02 .
1900-01..
1899-00..
ill others—
1901-02..
1900-01..
1899 00..
Total a ll1901 02..
1900-01..
1899-00..
____ .
______
......
1,000
......
4,000
A l e x a n d r ia
1,000
Great
B rita in .
Conti
nent.
210,000
303,000
39,000
212,000
349,000
39,000
1,000
3,000
1,000
9,000
13,000
8,000
10,000
16,000
9,000
1,000
7,000
1,000
5,000
11,000
3,000
6,000
18,000
4,000
1,000
8,000
46,000
32,000
22,000
47,000
40,000
22,000
270,000
384,000
72,000
275,000
423,000
74,000
3,000
3,000
1,000
16,000
10,000
4,000
16,000
14,000
4,000
5,000
59,000
2,000
an d
S h ip m e n t s
of
A lexa n d ria . E g y p t,
March 12,
1901-02.
1900-01
teoeipts (oantars*)...
This week...... .
Since Sept. 1........ .
120,000
6,095,000
110,000
4,412,000
This
week.
Since
Sepi. 1.
teports (bales)—
To L iv erp ool........ 13.000 249.000
To Continent t .. .. .. 14.000 356.000
Total.
2,000
41,000
1,000
R e o e if t s
697,000
This
week.
Oo tto n —
1899-1900
90,000
6,104,000
Since
Sept. 1.
This
w eek.
Since
Sepi. 1.
9.000 240.000 11,000 336.000
6.000 199.000 6,000 315.000
Total Europe____ 27,000 605,000 15,000 439,000 17,000 651,000
* Acantaris98 pounds.
t OI which to America In 1901-02,78,293 bales; in 1900-01 35,114
Dales; In 1899-1900, 62,922 bales.
M a n c h e s t e r M a r k e t . — O ur re p o r t r e c e iv e d by cabin
to-night fro m M an chester states th a t th e m ark et is quiet
for yarns and steady fo r shirtings. Spinners are con sidered
to h old large stock s o f yarn. W e g iv e the prices fo r to-d a y
below and leave chose for previous w eeks o f this and last
year for com parison.
1 9 02
19 01.
S q lbs. Shirt- Oott’n
32 s Cop. xngs, common Mid.
Twist.
d.
d.
F eb 7 61510» 7 %
« 7 1 3 16
“ 14 7
® 71316
“ 21 7
« 7 1 3 16
“ 28 7
M ar. 7 m
® 7 7s
“ 14 7 q © 7 78
to finest.
s.
d.
s. d.
t> i h a » 7 l o q
5 2 <*7 lOhi
5 2 « 7 10hl
5 2 ® 7 1 0 's
5 3 3 7 11
5 3 3 7 10hl
Uplds
8 q lbs. Shirt Oott’n
3 2 s Cop. ings, common Mid.
Twist.
d.
d.
d.
4®ia 8hi '3>&se
83s
a
9
q
4 U 16
42 i sa 8 s® © 9 q
4*8 8E>ig ® 9hi
413le 8 k © 9
413lg 8 iie ® 9
to finest.
s. d.
b.
ft 6
5 5 h i® 8
5 5 h i® 8
5 5 08
5 4h a*8
5 4 «*8
d.
3
3
3
3
3
lh »
Uplds
d.
5 15S2
51332
I5i*
5*32
5
N e w E n g l a n d C o t t o n M i l l s S i t u a t i o n .— The operatives
in the various Fall R iver M ills included in the M anufacturers’
A ssociation, at m eetings held W ednesday evening, M arch 12,
voted not to accept the six-per-cent advance in wages granted
bv the A ssociation, and decided to strike on M onday, M arch
17, unless ten per cent advance was allow ed. This action
does n ot o f course affect the F all R iv er Iron W orks M ills,
Mr. Borden having volu n tarily granted a ten-per-cent a d
vance, w h ich goes into effect on M onday.
C u r t a i l m e n t R e c o m m e n d e d i n L a n c a s h i r e . — Cable ad
vices from L ondon are to the effect that “ the General C om
mittee o f the Federation o f Master C otton Spinners, repre
senting a m ajority o f the cotton firms o f L ancashire, has
adopted a resolution that it is desirable that the m ills in the
A m erican cotton trade adopt short-tim e.
It recom m ends
that all m ills spinning A m erican cotton im m ediately close
for tw o days \yeekly.”
J ute B u t ts , B a g g in g , & c .— The m arket fo r ju te baggin g
has been very quiet during the past w eek at unchanged
prices, v iz., 5% c. fo r I V lbs. and 5 % c. fo r 2 lbs., standard
grads. Car lots o f standard brands are quoted at 5 % @ 6c ,
f. o. b ., a ccord in g to quality. Jute butts continue dull and
nominal at
for paper quality and 2%<&2%c. fo r
baggin g quality.
588
the
E u r o p e a n C o t t o n C o n s u m p t io n to M a r c h 1 , — By cable
to-day we have Mr, Elliatm’a cotton figures brought down to
March 1. We give also revised totals for last year that
comparison may be made. The spinners takings in actual
bales and pounds have been as follows:
fo r
Continent.
Great B ritain
O ci. 1 to March 1.
[V ol. LXXIV,
c h r o n ic l e
Total.
1 9 0 1 -0 2 .
T a k in g s b y s p i n n e r s ... b a le s
A v e r a g e w e ig h t o f b a le s .lb s
T a k in g s in p o u n d s .......... ..
2 ,2 3 8 ,0 0 0
3 ,8 1 0 ,0 0 0
497
501
499 9
7 9 2 ,2 8 8 ,0 0 0 1 ,1 1 2 ,2 8 6 ,0 0 0 1 ,9 0 4 ,5 7 4 ,0 0 0
f o r 1 9 0 0 -0 1 .
T a k in g s b y s p i n n e r s ...b a l e s
A v e r a g e w e ig h t o f b a ie s .ib s
T a k in g s In p o u n d s ........ .
2 ,0 5 4 ,0 0 0
1 ,5 1 0 ,0 0 0
8 ,5 6 4 ,0 0 0
511
490
498 9
7 7 1 ,6 1 0 .0 0 0 1 ,0 0 6 ,4 8 0 ,0 0 0 1 ,7 7 8 ,0 7 0 ,0 0 0
1 ,6 7 2 ,0 0 0
u i v k r p o o i ., -B y uable fr o m L iv e rp o o l we n av e th e f o l l o w In g sta te rn e u t o f th e w e e k ’s s a le s, s to c k s , & a ,, a t t h a t p o r t,
Feb. 2 1 .
Mch. 7.
Feb. 2 8 .
4 0 .0 0 0
4 1 .0 0 0
6 2 ,0 0 0
tales of the week.. . . . . . bales.
4 4 .0 0 0
3 ,4 0 0
Of which exporters took ...
600
1 ,1 0 0
2 ,8 0 0
Of which speculators took.
900
1 ,5 0 0
1 ,4 0 0
Sales A m erica n ..... .. .. .. .. .. .
3 7 .0 0 0
3 6 .0 0 0
3 8 .0 0 0
5 3 .0 0 0
1 0 .0 0 0
6 ,0 0 0
8 ,0 0 0
Actual e x p o r t . . . . . . . . . . . . . . . . .
1 2 .0 0 0
9 9 .0 0 0
6 7 .0 0 0
fo r w a r d e d .___. . . . . . . . . . . . . .
5 8 .0 0 0
6 6 .0 0 0
total stock—Estimated__ _ 1 ,1 1 3 ,0 0 0 1 ,0 8 8 ,7 8 5 1 ,0 7 5 ,0 0 0 1 ,0 8 6 ,0 0 0
Of which American—Est’d. 9 9 9 .0 0 0 9 0 8 ,7 3 8 9 7 3 .0 0 0 9 8 2 .0 0 0
1 8 2 .0 0 0
total import o f the w eek___
6 8 .0 0 0
1 0 3 .0 0 0
8 6 ,0 0 0
9 5 .0 0 0
9 8 .0 0 0
2 9 ,0 0 0
7 3 ,0 0 0
Of which A m e r ic a n .........
1 9 4 .0 0 0
2 0 4 .0 0 0
1 9 5 .0 0 0
2 0 4 .0 0 0
Amount alloat.. . . . . . . . . . . . .
1 7 1 .0 0 0
1 7 8 .0 0 0
Of which American.......... .
1 6 7 .0 0 0
1 7 6 .0 0 0
The tone of the Liverpool market for spots and futures
eaoh day of the week ending M c h . 14 and the dally closing
prioesof spot ootton, have been as follows.
According to the above, the average weight of the deliverin'
in Great Britain is 504 pounds per bale this season, against
Sat'd a y Monday, Tuesday. Wed’day.
Spot.
511 pounds during the same time last season, The Continents 1
M a r k e t, (
deliveries average 497 pounds, against 490 pounds last year,
M oderate
Q u ieter, In b u y ers’ In fabvuoyrers’
.
d em a n d .
fa v o r .
and for the whole of Europe the deliveries average 499 9 1 2 :3 0 P. M. j
pounds per bale, against 493 '9 pounds last season. Our d i d , U p l’ d s.
425aa
42632
4%
dispatch also gives the full movement for this year and last
Jales... . . . . .
7 ,0 0 0
5 ,0 0 0
6 ,0 0 0
8 ,0 0 0
year in bales of 500 pounds,
ip s e ,
Cet. 1 to M arch i
Bales of 5 0 0 lbs, earn
000s omitted
1 9 0 1 -0 2
Great
Britati
Conti
nent.
S p in n e r s ’ s t o c k G o t . 1
49,
T a k in g s to M a r c h 1 .. 1 ,5 8 4 ,
317
2 ,2 2 4 ,
1 ,6 3 3 ,
1 ,3 6 2
2 ,5 4 1
1 ,8 9 0 ,
S u p p l y . . . . --------------. . .
O on su m p t’ n, 21 w eek s
S p in n e r s ’ s t o c k M a r . I
271
Weekly Consumption.
0 0 0 # omitted.
In O c t o b e r . . . ..........
In N o v e m b e r . . . .
In D e c e m b e r ...........
In J a n u a r y _______
651,
*60,
Great
Britait
Conti
324
3 ,8 0 8 ,
47,
1 ,5 4 3
2 ,0 1 3
371
3 ,5 5 6
4 ,1 7 4
3 ,2 5 2
1 ,5 9 0
1 ,3 2 2
2 ,3 3 7 ,
1 ,8 4 8 ,
3 ,9 2 7
3 ,1 7 0 ,
366,
9 2 2 ,1
268
n e n l.
489
dsexp.
Tola
500
500
H a rd en 'g
E asier.
#
1 ,0 0 0
427s2
4161 a
9 .0 0 0
1 ,0 0 0
8.000
1.000
757.
Easy at
Q uiet at S teady at Q u iet at S tea dy at S tea dy at
Market ? 1-61
<®2-64 1 -6 4 ^ 2 -6 4
2-64 d e 3-64 @ 4-64 2-64 d e de
opened, j d e clin e . d e clin e. 8-64
a d v a n ce .
clln e.
c lin e .
clin e.
Q u iet at S teady at Q u iet at S teady at Stead y at B r'ly s t ’ d y
Market, £ 3(33%
8% @4 pts. 816 Pts.
% Dt.
14 Pt.
14 Pt.
4 P. M. J d eclinpts.
e.
d e clin e ., ad v an ce.
d eclin e.
declin e.
d e clin e .
The prices of futures at Liverpool for eaoh day are given
below, Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
p y * The p r i c e s a r e g iv e n i n p e n c e a n d 6 4.ths.
3 6 3 - 6 4 d .. a n d 4 0 1 m e a n s 4 l - 0 4 d .
150,
*50.
138
88,
154,
66,
156,
£6,
88,
154
66,
156,
66,
88,
154,
66,
156,
66.
88,
66
In F e b r u a r y
154,
156.
66.
88.
* T h e a v e r a g e w e e k l y r a t e o f c o n s u m p t i o n i n (T re a t B r it a in In e a o a
■ear is aa g i v e n b y M r. E l l i s o n , a f t e r a l l o w i n g f o r s t o p p a g e of s p in d le s
a c o n s e q u e n c e o f sh o rt s u p p ly o f c o t t o n ,
90,
90,
90,
90,
90.
f a t a l bales.
7 ,6 5 8
267
325
31
600
S06
150
S a t.
M on.
T oes.
W ed.
M ch. 8
M ch. 10
Mch 11.
M ch. 1 2 .
Thus ;
3 6 3 m ean t
T bu r*.
M ch 13 .
F r l.
M ch. 1 4 .
4
4
1 12%
4
12%
12%
1 2 ia
4
4
12%
1 2 ls
P. K. P. M, P .M . P .M . P. M. P.M . P. M. P.M . P. M. P, M. P. M. P .« L
4.
d.
M arch-----„.
M o h . -A p r ...
A p r il- May...
May-June...
S h ip p in g ! fisws,—As shown on a previous page, the Jnne-July...
txports of ootton from the United States the past week have July-Aug...
Aug.-Sept...
reached 129,962 dales. The shipments in detail, as made up Sept.-Oct..
.
from mail and telegraphic returns, are as follows:
Oet-.Nov.--N e w Y o r k —T o L i v e r p o o l , p e r s t e a m e i s B o h e m ia n , 5 , 3 1 6 ___
C e v io , 2 , 3 4 2 .............. . ................................................................. ..
T o H a v r e , p e r s t e a m e r L a B r e t a g n e (a d d i t i o n a l ) , 2 6 7 ..........
T o M a r s e ille s , p e r s t e a m e r P a t r i a , 3 2 5 ................................ ...........
T o B r e m e n , p e r s t e a m e r K r o D p r in z W ilh e lm , 3 1 . . . ...................
T o B a r c e l o n a , p e r s t e a m e r P d e S a a t r u s t e g u i. 6 0 0 . .................
T o G e n o a , p e r s t e a m e i s A r e h im e d e , 4 6 ___ T r a v e , 2 6 0 .............
T o N a p le s , p e r s t e a m e r T r a v e , 1 5 0 ....................................................
N e w Or l e a n s - T o L iv e r p o o l—M a rch 7 — S te a m e r W a n d e r e r ,
7 , 8 2 * — M a r c h 1 1 - S t e a m e r C u b a n , 6 ,7 9 5 ...........
T o B e l f a s t —M a r c h 1 2 —S t e a m e r T o r r H e a d , 6 , 0 2 6 ........ . . . . .
T o H a v r e —M a r c h 1 4 — S t e a m e r C a in p a n a , 6 , 5 0 0 . ......................
T o B r e m e n — M a r c h >3 —S t e a m e r I n k u m , 7 , 8 0 0 ..........................
T o B a r c e l o n a —M a r c h 1 2 — S t e a m e r C a t a lin a , 6 , 8 2 7 .................
T o G e n o a —M a r c h 1 2 —S te a m e r C a t a lin a , 3 , 3 4 5 ..........................
G a l v e s t o n —T o L i v e r p o o l —M a r c h 1 3 —S t e a m e r T e x a n , 4 , 4 4 7 . .
T o B e l f a s t — M a r c h 8 —S t e a m e r C a r r ig a n H e a d , 2 , 6 0 0 . . . . . . .
T o H a v r e —M a r c h 7 — S t e a m e r M o h a w k , 1 0 , 1 6 5 ___ M a r c h
1 1 — S t e a m e r B e r n a r d , 5 , 4 0 5 .................... .—
............................
T o B r e m e n —M a r c h 7 — S t e a m e r C a s s e l, 1 4 , 9 0 1 . . . . . .................
P e n s a c o l a —T o L i v e r p o o l — M a r c h ’ 7 —S t e a m e r A l i c i a (a d d i
t i o n a l ) , 7 0 ............................ ..........................................................................
T o B r e m e n —M a r c h 8 —S t e a m e r I n o h m o n a , 7 , 4 5 4 , . ...................
S a v a n n a h — T o B r e m e n —M a r c h 8 —S t e a m e r s K r o n p r l n s G u s t a f ,
8 , 0 3 8 . . . . P o l a , 7 ,4 5 6 .................................... ............................................
T o R o t t e r d a m — M a r c h 8 — S t e a m e r K r o n p r i n s G u s t a f , 2 0 0 ..
C h a r l e s t o n — T o B a r c e l o n a —M o b . 8 — B a r k S a s b a s t ia n a , 2 ,2 0 0
b o s t o n — T o L i v e r p o o l — M a r c h 5 — S t e a m e r L a n c a s t r i a n , 1 ,0 3 1
— M a r c h 7 — S t e a m e r N e w E n g la n d , 1 ,1 0 5 . . . . M a r c h 1 0 —
S t e a m e r S y lv a n .a , 1 ,0 9 7 . . . . . M a r c h i l — S t e a m e r D e v o
n ia n , 3 ,2 7 4 . . . .
. . . . . . ...... ..................................................................
B a l t i m o r e — T o L i v e r p o o l —M a r c h 7 — S tr. Q u e r o m o r e , 2 , 1 0 9 . .
T o B r e m e n - M a r c h 1 2 —S t e a m e r Willehad, 9 7 6 ........... .
S a n F e a n c i s c g —-To J a p a n —M a r c h 1 3 — S t e a m e r C o p t i c , 7 5 0 . .
S e a t t l e T o J a p a n — M a r c h 1 2 —S t e a m e r S h in a n o M a r a , 2 ,0 3 0
T o S h a n g h a i—M a r c h 1 2 — S t e a m e r S h in a n o M a r a , 2 0 0 . . . . . .
500
Thursday Friday.
F u tu res.
1 9 0 0 -0 1 .
Tolat.
M ch, 1 4 .
N iw .-D fto ___
D e o ,-t a .
Jan.-Feb..
4
4
4
4
4
4
4
4
4
48
48
48
50
50
50
44
33
28
4
4
4
4
4
4
4
4
4
47
47
47
48
48
48
43
32
28
<t.
4 45
4 45
4 45
4 46
4 46
4 40
4 41
4 31
4 27
d
4
4
4
4
4
4
4
4
4
46
46
46
47
47
47
43
33
28
d.
4
4
4
4
4
4
4
4
4
45
45
45
45
45
45
41
31
27
d.
4
4
4
4
4
4
4
4
4
45
45
46
46
46
46
42
32
28
d.
d.
4
4
4
4
4
4
4
4
4
43
43
44
44
44
44
40
31
26
4
4
4
4
4
4
4
4
4
45
45
45
46
46
46
41
32
27
d.
4
4
4
4
4
4
4
4
4
49
49
49
50
50
50
46
36
31
d.
d.
d.
4 49 4 4 7 4 4 6
4 4 9 4 47 4 46
4 4 9 4 48 4 4 6
4
4
4
4
4
4
50
60
50
45
36
31
4
4
4
4
4
4
48
48
48
44
34
29
4
4
4
4
4
4
47
47
47
43
33
29
i
EREADSTUFFS.
F r id a y , March 14, 1902,
Basic
ess
for
the
week
in
the
market
for wheat flour has
1 4 ,6 1 9
reached only very moderate proportions. Prices for the
6 ,0 2 6
6 ,5 0 0
grain have shown a tendency to sag, and this has increased
7 ,8 0 0
the conservatism shown by buyers. Purchases made have
6 ,8 2 7
been confined almost exclusively to jobbing lots, with values
3 ,3 4 5
4 ,4 4 7
showing some irregularity, It was learned, however, that
2 ,6 0 0
during the preceding week fairly large lines of spring patents
were sold on the basis of $4 for standard brands. City mills
1 5 ,5 7 0
have been in fair demand at steady prices. Rye flour has
1 4 ,9 0 1
been quiet but steady. Corn meal has had a small sale at
70
steady prices.
7 ,4 5 4
Speculation in wheat for future delivery has been fairly
1 5 ,1 9 4
active. Early in the week there was a fractional improve
200
ment in prices, European cable advices were of a more en
2 ,2 0 0
couraging nature and some crop-damage reports were re
ceived from Paris. Advices from interior markets reporting
a small crop movement and complaints of the lack of moisture
6 ,5 0 7
in the winter-wheat belt also were strengthening factors, The
2 ,1 0 9
Government report issued Monday afternoon, giving the re
976
750
serves in farmers’ hands, had a temporary strengthening in
2 ,0 3 0
fluence upon values. Tuesday, however, advices were re
2C 0
ceived from the Southwest reporting good rains, with the
T o ta l.
.........
......... ....... 1 2 6 ,9 6 2
drought completely broken; this information started fairly
Ootton freights at New York the past week have been general selling for both long and short account, in fact on
Thursday the market developed decided weakness, prices for
as follows,
the day declining % @ lc., with tired speculative holders free
sellers to liquidate their accounts. The Cincinnati Price
Satur.
M on .
FH.
Ttses. W ednes. Thurs.
Current says that March thus far has been favorable to
L iv e rp o o l... -------c. 1 1 ® 1 2 . n ® i a
1 1 ® 12 1 1 @ 1 2 1 L ® 1 2
lla > 1 2
wheat. It is maintaining a fairly good promise of sufficient
Manchester, a s k .c .
15
15
15
15
15
15
moisture for the present. The spot market has been easier,
18
H a v r e ............e .
18
18
18
18
18
following the decline in futures, and at the lower prices ex
Bremen, ask e d . .. e.
17ks
porters have been fairly free buyers, their purchases for the
1 7 ia
17%
1 7 is
1 7 is
17k»
Hamburg............ c.
17
week amounting close to 2,000,000 bushels. To-day the mar
17
17
17
17
17
ket opened steady on reports of cold weather in the North
18
G h e n t................ e.
18
18
18
18
18
12
west, but during the day turned weaker, and prices declined
A ntw erp.......... ..c .
12
12
12
12
12
under favorable crop news. The spot market was quiet,
Beval, via H ulh.c.
26
26
26
26
26
26
Bevai, via Canal.e.
B arcelona. . . . . ..e .
G e n o a .............. e.
T r ie s te .............. e.
J a p a n (v i a S u e z ).* .
32
27
16
28
60
32
27
16
28
60
Q u o t a t io n s a r e c e n t s p e r 1 0 0 lb s .
32
27
16
28
60
32
27
16
28
60
32
27
16
28
60
32
27
18
28
60
0A IL Y CLOSING PRICKS OP NO, 2 RED WINTER WHEAT IN N SC W Y O t t S A .
Thurs,
Ffi.
Mon.
Two*.
W ed
sat.
85%
87%
87%
86%
86%
Dash wheat f. 0 . b ------- .... 8 8 I q
81%
80%
82%
82%
82%
March jdelivery I n ©lev... 8 3 %
83%
80%
81%
82%
82%
May delivery in elev------ 83*8
81%
83%
81%
83%
83%
July delivery In e l e v ........ 83*8
82%
80%
81%
81%
80 %
Sept,delivery In e le v .... 8 2 %
I'H K
March 15, 1902. |
O H K O N IO L K
D A IL Y OLOWING PR IC E S O F NO. 2 SPRIN G W H E A T IN D I I H J A M O .
Maroli delivery In elev...
May delivery In elev......
delivery In elev ...
8ept. delivery Id elev...:
J a lv
Mon.
Sat.
75%
76%
77%
78%
77
77%
70%
Tue*.
74%
76 M
i
77
7638
Wed.
TKurt.
74%
76%
70%
7038
78%
75%
76
75%
Fri
73%
75%
75%
747b
77*11
Indian corn futures have been moderately active. The
Bureau report show ed unusually sm all reserve supplies in
farm ers’ hands, and this has bad a strengthening influence.
A gainst, how ever, this bull fa ctor has been the m ild weather
W est, w h ich it is generally figured w ill m aterially lessen the
use o f corn fo r feeding.
Sym pathy with the decline in
prices fo r wheat also has operated against an im provem ent
in values. The m ovem en t o f the crop has continued sms 11,
but as available supplies are not decreasing materially,
show ing a light consum ptive demand, the small receipts
have no pronounced effect.
The spot m arket has been
steady, but business has been quiet, as exporters have done
practically nothing. To-day the market was steadier on the
smallness o f the crop m ovem ent.
The spot market was
quiet.
DAILY CLOSING PRIOB8 OF NO. 7 MIXED CORN IN IV1SW Y O R K .
Mon.
Slat.
Cash corn f. o. b........... 70
May delivery in elev...... 67%
July delivery in eiev___ 6 6 7s
Sept, delivery In elev— 653s
Tues.
69 %
69%
673s
67%
66%
66 %
65
65%
DAILY CLOSING PRICES OF NO. 2 MIXED CORN
Mon.
Tue*.
Sat
60%
March delivery In elev... 603s
5 9 7e
62
May delivery m elev...... 62 %
61%
61%
6i %
July delivery In elev...... 6 l 78
59%
Sept, delivery In elev.... 5 9 78
59%
Deo. delivery in elev...... 4 9 %
48 7s
49 %
Wed.
TKurt.
Frt
70%
70%
67 %
67%
66%
<r6 %
65%
65
IN CHICAGO
70 %
67%
66%
653a
Wed.
Thurt.
Fri
60 %
623s
62
60%
50%
60 %
61 %
61 %
59%
50%
60%
62 %
61%
60
49%
Oats fo r future delivery at the W estern m arket have been
m oderately active.
The com p aratively small reserves in
farm ers’ hands, as rep orted by the Bureau, had its influence
in favor o f the m arket and prices have m ade a m oderate ad
vance. The bu ll interest in May continues in control, and
w ith short buyers to cover contracts, values have im proved.
L ocally the spot m arket has been m ore active and prices
have advanced. T o-day the m arket was quiet and w ithout
Im portant changes.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN N E W
No. 2 mixed in elev......
Ko. 2 white in elev....^
Sat.
Mon.
Tues.
52
50 %
51%
52
53
54
DAILY CLOSING PRICES OF NO. 2 MIXED OATS
Sat.
Fue*.
Mon.
March delivery in elev.. 4 3 %
.....
43%
4 4 s4
May delivery in elev__ 44%
44%
353s
35%
July delivery In elev.... 35 %
30%
Sept, delivery In elev.... 30%
30%
Deo. delivery in elev.... ......
30%
Wed.
YO RK .
Thurs.
Fri.
52
52
52
64
54
54
IN 0H 1CA6O .
Wed.
7 Kura,
443s
453s
35 %
30%
31
44%
45%
35%
30 %
—
Frt.
44%
45%
35%
30%
....
F ollow in g are the closing quotations:
FLOUR.
GRAIN.
o.
c.
85% ©87
81%©83%
86 ©88%
ai%©83%
51 ©53
53 ©58
52 ©53
54 ©55
Com, per hush.—
o.
e
Western mixed........ 67 ©70%
No. 2 mixed__ . . . ___ 67 ©70%
Western yellow____ 68%®70%
Western w h i t e . 6 9 % ® 7 1 %
Rye, per bush—
Western................ ..59 ©60
State and Jersey......61 ©62
Barley—Western....... 68 ©73
Feeding...... ....
64 ©66
lav- F or o th e r ta b le s u s u a lly given h e re se e e a s e 5 6 1 .
THE
DRY
GOODS
TRADE,
1902.
190 1 .
N e w Y o r k t o m o d . 10
S i n c e J a n . I.
W eek .
W eek.
S i n c e J a n . J.
25
510
178
511
151
50
683
184
471
4C0
19.436
6 ,78 0
3,908
2 ,66 5
4,951
485
1,051
9 ,10 0
2,158
126
32
3 ,22 6
104
400
106
331
44
222
498
120
829
545
8 ,85 2
6 80
4 ,45 2
934
5 ,18 9
392
2 ,46 0
1 2,0 8 0
1,01 3
2 ,38 3
5 0,8 4 5
5 ,209
3 7 ,4 2 6
42
49
Great B ritain ................... .......
Other E u ro p e a n .....................
China................................... .......
In d ia _________ ___________ . . .
A rabia.............................. ..........
A frica ....................................... .
W est In d ies...............................
M ex ico...... ............................—
Central A m erica.....................
South A m e r i c a ......................
O therO onntrlea____________
T o ta l_____ ________ ______
.....
The value o f th e N e w Y o r k e x p o r ts since Jan. 1 to date
has been $2,375,408 in 1902, again st $1,777,694 in 1901.
The principal advances this w eek have been in cotton d u ck,
several makes o f these having been raised
per yard.
T h e r e have been no open changes in the prices o f heavy
b r o w n sheetings or drills, but prices are gradually stiffening.
T here is m ore bidding than b u yin g in progress, sellers being
difficult to deal w ith. B leached cottons are in fa ir request
and m arket indications point to h igh er prices before lon g in
m edium and fine gra d es; lo w grades are being quietly ad
vanced. T he dem and f o r various descriptions o f coarse, c o l
ored cottons kept the m arket clean o f ready supplies and
prices very firm . Cotton flannels and blankets have an ad
vancing tendency, but w id e sheetings are dull and un
changed. K id finished ca m b rics have advanced % g. per
yard. There has been n o quotable ch a n g e in the price o f
staple prints, but printers are taking orders to arrive at value
on ly, in view o f the prin t-cloth situation. T h e demand fo r
fan cy prints is quiet, but fine printed specialties are in fair
request and firm. G ingham s and other w oven patterned
wash fabrics are very firm. T here has been but a lim ited
am ount o f business in print cloths, but the m arket is
strong; regulars quoted at the close at 3 5-18c. per yard.
F oreign D r y G oods .— T hin fabrics in foreign dress goods
are scarce. A fa ir business is reported fo r fa ll in new lines.
Silks are quieter than o f late, but firm. R ibbon s are alto
firm. There is no change in the m arket fo r linens or burlaps.
Im p ortation s and W areh ouse W ith d ra w a ls o t Dry G oods.
The im portations an d w arehouse w ithdraw als o f d ry goods
a t this port for the w eek en d in g M arch 13, 1902, and sin ce
January 1, 1902, and fo r the corresp on d in g periods o f last
year are as follow s:
T o t a lim p o r t s .....
Wheat, per BUBl —
Hard Man., t. ) ' ..
flf’therii Dul,, Wo.t
Red winter, No. 3
Hard N. Y. No. 2.
Oats—Mix’ d,p. bush.
White......... .
No. 2 mixed.........
No. 2 white__ ....
the business doing. R eorders for light-w eights have been
moderate, but the m arket is in a clean condition. A good
business has been done in staple w oolen dress good s at fu ll
prices for the fa ll season. The market is firm fo r flannels
and blankets.
Domestic C otton G oods. —T h e e x p o r t s o f cotton goods
from this p o rt f o r the w eek en d in g M arch 10 were 2,883
packages, valued at $122,898, th e ir d e stin a tio n being to the
points specified in th e ta b le s b e lo w :
1
.......... .$ 2 85 ® 2 9 0
Patent, winter__ $4 10 ©4 35
Superfine
City mills, patent. 4 00 ©4 55
3 0 0 © 3 05
Extra, Nr>, ? ..... . 3 10 © 3 15
Rye flour,superfine 3 20 ©3 75
Extra, Ko 3, ,
3 20 © 3 30
Buckwheat flour........... ® __
Clears..
3 3 0 © 3 75
Corn meal—
Straights...,
3 65 © 4 00
Western,etc..... 3 30 ©3 40
Patent, spring ... 3 8 5 © 4 65
Brandywine .... 3 45 ©3 50
(Wheat flout in caahs sella at prices below those for barrels.)
589
w
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N ew York:, Fr id a y , P. M ., M arch 14, 1902.
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The labor situation is at the close o f the w eek the most en CO
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gin at Fail R iver w ith th e p rob a b ility o f strikes follow in g in £
other places unless the m anufacturers recede from their to
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OUkONlOLK.
S W £ ATJB Cltr D£fAPTM£WT.
News
Items.
A u stin , T e x a s.—BtmJ J u d g m en t,—T he H ouston “ Posl*
on M arch 0 contained the fo llo w in g :
AUSTIN, T exas, March 6.—1q the fc'ifiy-ililrd District Court to-day Judge If.
G. Morris rendered an opinion in favor o f (he nlainutl m the suits against the
city o f Austin instituted by Jules K. Y'al e, William il. i'upiu, James U Cahill
and Ehhu J . McKee. 1'he suHa were brought to recover ti e interest due aud
Owing on certain bouda issued ny (he oily as a part o f the bond issue o f f t.i h.uju authorised by a two thirds vote 'r i' people for the purpose a t ereot
log a waLer and light plant. The defense o f the city was that when the Vote
wasiaUeu the issuance exceeded the limit o f indebtedness the city could
legally assume for the purpose stated. The Court overruled this defense b e
cause the bonds had been issued by the City Council from year to year as
needed to accomplish rhe work, and that In no year bad the actual issuance
exceeded the legal limitation, m e C jurt holds that though the people voted
an issuance o f bonds larger than was author ied bv the taxable values o f the
city at the time tue vote was taken, the City Council haO authority 10 issue a
portion o f the bonds in subsequent years, aud, having kept within legal lim
itation*. the bonds are valid.
See C h r o n i c l e N o v . a, 1001.
C olu m bu s, O h io.—Suit D ism issed .— T he C ircu it Court
early this m onth dismissed the suit instituted by J a cob Lind,
a taxpayer, to have the $68,0i0 e le ctric-lig h t-p la n t bon ds
issued aud taken by the Sinking Fund Trustees in 1897 da
d a r e d invalid, and to restrain the issuance o f the rem ainder
o f the $300,000 bonds authorized by the L egislature for this
purpose. T he allegations upon w h ich this suit was brou ght
w ere noted in the C h r o n i c l e A p ril 27, 1901.
D efiance, O h io.—B jn d a V alid .— The T oled o “ B lade” on
F eb . 10 con ia in rd the fo llo w in g :
Jn dgeW tn g, In Dinted States Circuit Court, lias rendered a decision that
means many thousands o f dollars to be paid l>y tne city o f Uetlance, aud also
decides that a municipality cannot repudiate its obligations through a techni
cality.
_
„
The suit was that o f John VV. Schm idt and Edward Scnmidt v». the City o f
Dehance, and was for the purpose o l re overlng on certain bonds Issued in
April, isSw. This entire bona issue am ounted to $50,0uo. uud was for the pur
pose o f building a bridge to help the Columbus Lima A Milwaukee Railroad,
then being projected. A contractor took tUe b m dsand g * »e another bond tor
the building o f the Drldge. but now the city claims that the railroad never ar
rived aud the bridge was nol built, and therefore it seeks to uvoid payment o f
the obligation. In order to Invalidate the securities the city sets up that the
bonds were never given tne seal o f the Mayor, out that they were sealed by
the City Clerk. Iu the meantime the bonds had found their way into the
hands o f Innocent parties, and as such this suit was hr night in Schm lot.
Judge Wing decides that the oonds are a bindlug obligation on the city aud
gives Judgmeut fo r the pla ntlfl in the sum o f $7,TCI 96.
[V o l .
L X X IV .
cago. The suit is a friendly one brou ght at the instance of
ihe C hicago firm , whose attorneys claim that the ob je ct
o f the State law under w hich the bonds w ere adver
tised is to “ perm it com p etitiv e bidding on the rates o f inter
act, and in this w ay secure the low est possible rate.” In
stead of this the school board fixed the interest rate at 4%
aud invited bids on this basis. T he soh ool board contends
•hat the provisions o f the law in this respeot Is not m anda
tory. It is expected that the case w ill be carried to the Supr«m e Court and an opinion obtained at an early date.
S u p e rio r, W is. —B ond D ecision .— Press dispatches state
that Judge V in je o f the C ircuit C ourt on M arch 2 banded
itowu a decision dism issing the bond suit brought by the
L u cas National Bank o f N orw ich , C onn., against the city
o f Superior. The action was begun on a bon d o f $1,000
issued under the city ch arter o f 1889. The decision declares
that the b in d upon w h ich su it is brought is v oid for the
reason that it is a general bond, and when it was issued
there was no provision m ade, as should have been done, fo r
its payment. The im portance o f the case is based on the
fact that there are $600,000 in sim ilar bonds outstanding
against the city, w hich are a lio m ade void by the decision.
T o e bank’s attorneys w ill at on ce appeal,the case to the S u
preme Court. F or various bond suits against this city , see
C hronicle Jan. 11, 1902, N ov. 23 and Oct. 12, 1901.
T y le r , T e x a s — Bonds V alid.—The fo llo w in g is taken from
the Houston “ P o s t:”
T v l e r , Texas, February 25.—In the case o f I,. L. Jester A Co. vs. the City
o f T yler a verolol was rendered ic-d ay In fa vor o f the plaintiffs for approxi
mately the am ount sued for. The suit was based on seven bonds o f the city,
aggregating som e lla.uoo. The city reluseu 10 pay. as at the time the bonds
were issued they were in excess ot the constitutional limit aud therefore in
valid ; also at the time o f issuance the city wus attem pting to operalp as a city
ot 10,000 Inhabitants, when in u u tli and fact it had less than that number
The tlual result o f this case will be watched wllh great Interest by the taxpay
ers here.
3 o n d P r o p o s a l s and N e gotiations this
v e c k h a v e b e e n as f o l l o w s :
A da C ounty (P . 0 . B o ise ), Id a h o .— B ond Sale,— On M arch
7 the $19,784 10-19-year (serial) g old bridge bonds and the
$6,769 40 10 19-year (serial) gold vault and ja il bonds w ere
aw arded to T hom pson, Tenney & C ra w ford C o., C h icago, at
103 28 and 103*32, respectively, fo r
per cents. T he pu r
chasers also pay accrued interest and fu rn ish blank bonds
free o f charge. F o llo w in g are the bids :
F ra n k lin T on iiS lilp , T o w u o f N u iley , Essex C ounty, N.
J .—Totcn In corp ora ted .— The G ov ern or has signed a bill
in corp oratin g F ranklin T ow n sh ip as a tow n under the nam e
o f th e T ow n o f N utley.
For
B on ds.
P r e m iu m . I F o r
B on ds.
P r e m iu m
L ea v en w orth , K an .—L itig a tio n ,—T w o suits have been in Thom pson, Tenney j fo r $19,781. .$650 |M. Alexander, agen t........................ ♦Par
& Crawtord, Chic.. \ for
6,769.. 225
For
Bonds.
stituted to restrain the city from ow n in g and operating its R. Kleybolte & Co., fo r a ll.............. 500 Spokane & Eastern Tr. Co., fo r a ll.$725
I w . J. Hayes & Sons, fo r all............. 10
ow n system of w ater-w orks. The first is one filed b y the ------♦ Requires $200 fo r blank bonds.
L eavenw orth & Fort L eavenw orth W a ter C o., to restrain
W e described these bonds fu lly in the Chronicle Feb. 22,
the city officials from proceedin g any fu rth er in their efforts
to obtain a water plant, on the grou nd that the steps taken p. 441.
A lam eda, C al.—B ond Sale.— T he $100,000 4% g o ld sch ool
so far have not been legal. T he second suit is one b rou g h t
b y John W ilson , President o f the G reat W estern M a n u fa c bonds offered but n ot sold on F ebruary 17 w ere awarded on
tu rin g Co., as a taxpayer. M r. W ilso n seeks to restrain the M arch 3 to Denison, P rior & C o., Cleveland, fo r $101,600, the
M ayor an i City C oun cil fro m issuing the $4.00,000 w ater bonds $1,600 above par being accru ed interest fro m D ec. 1, 1901,
voted at the election Dec. 31, 1901, on the grou nd that the up to May 1, 1902. F o r description of bonds see C hronicle
election was not con ducted legally and that the proposition Feb. 1, p. 281.
A r e cib o , P o r to R ic o .—P rice Paid fo r B on d s.— W e are ad
did not receive the affirm ative vote o f a m a jority * f the legal
voters. T he suits were filed in the State D istrict C ourt, but vised that J. M. Ceballos & C o., N ew Y o r k , w h o on Feb. 24
th e expectation is that tn ey w ill be transferred to the fe d were awarded $100,000 6% 10-20 year (optional) g old bonds,
paid par and accru ed interest for the same.
eral cou rts, as the stockh olders o f the w ater com p an y are
A sh e v ille , N. C.— B ids R ejected .—W e are advised that the
m ostly residents o f N ew Y ork .
M in n esota.— Legislature A d jo u r n s — The special session o f bids received M arch 12 fo r the $200,000 4% w ater and the
the State L egislature adjourned on M arch 11 after p rovid in g $10,000 4# school bonds were not satisfactory. The Board o f
fo r the subm ission o f several con stitution al am endm ents re A lderm en w ill n ow endeavor to sell these bonds at private
sale and invite propositions to this ead at any time,
latin g to taxation.
A tkiusoD , R o ck in g h a m C ounty, N. H .—B onds D efea ted .—
M ississip p i.— Legislature A d jo u r n s — T he State L egisla
This town recently voted against the issuance o f $10,000 electu re adjou rn ed on M arch 5, 1902.
tiic-ra ilw a y-a id bonds.
New Y ork S ta te.—Savings B an k Bill Passes S enate.—The
B a k er C ity, O re.—B ond S ale.—Oa M arch 3 the $45,200 5%
State Senate on M arch 13 passed the bill o f Senator Krurn
20 year w ater bon ds w ere aw arded to L ack & S ch m itz,
au th orizin g savings banks to invest in the m ortgage bonds
Baker City, at 103 98, this bein g the on ly “ absolutely u n
o f the M orris & Essex R ailroad C om pany, the Central R a il
conditional” b id received. F o llo w in g are the bidders :
road o f N ew Jersey, the U nited N e w Jersey R ailroad & Ca
& Schmitz, Baker C ity.$47,000 00 I E. H. Rollins & Sons, D en y..$46.700 00
nal C om pany, and in the bonds o f railroad com panies w hose Lack
seasongood £ Mayer, Cincin. 47,080 32 Lamprecht Bros. Co.. C leve.. 46,198 92
lines are leased or operated or con trolled b y these com panies New IstN at. B’k,C olum bus.. 46,813 65 |
See Y . 74, p. 281, fo r description o f bonds.
under certain conditions, and also in the m ortgage bonds o f
B a ltim o re , Md.— B onds P rop osed .— A n A c t enabling the
the C hicago M ilwaukee & St. P aul R ailw ay Com pany and
C hicago R ock Island & P a cific R a ilw a y C om pany, so loDg as city o f B altim ore to vote on tbe question o f issuing $1,000,000
they continue to earn and pay at least 4 per cent dividends bonds to continue w o rk on the electric subw ays is before the
per annum , and provid ed that the capital stock shall equal State Legislature.
B e a trice , N eb.—B onds A u th orized .— L oca l reports state
or exceed in am ount one-third o f the par value o f all their
bon d ed indebtedness. The am ended b ill also increases from th at tbe C ity C ouncil has authorized the issuance o f $49,888
20 to 25 per cen t the am ount o f deposits banks m ay loan on 8$ 10-year refu n din g bonds to take up a like am ount or 6 per
or invest in railroad bonds.
cents.
B essem er, A la — D escrip tion o f Bonds. —W e stated several
S an ta C ruz, C al,—B ond D ecision .—The fo llo w in g is taken
fro m the L os Angeles “ T im e s ” o f Feb. 25, 1902: “ T he weeks ago that $70,000 sew er bonds had been authorized.
U n ited States Suprem e C ourt to-day (F eb. 24) handed dow n W e are n ow advised that $15,000 sch ool bonds have also
its decision in the case o f A lb ert H. W aite vs. the C ity o f been authorized. B oth issues w ill be dated Feb. 1, 1902, and
Santa Cruz, Cal., to decide the valid ity o f a certain bond j w ill be put ou t in denom ination o f $1,009. Interest at tbe
issue made b y that city and w h ich has been in litiga tion fo r j rate o f 5%, payable semi aunually in g old at the Central N a
m any years. The case cam e to the Suprem e C ourt fr o m the I tional Bank, N ew Y o rk C ity. P rin cip al w ill m ature F eb. 1,
C ircu it C ourt o f Appeals at San F ran cisco, w h ich had de- j 1932. These bonds w ill be offered fo r sale in A pril.
cided that the entire issue o f bonds was invalid. T hat de
B lu e fle ld , M e rce r C oun ty, VY. Y a.—Bond Sale.—The $35,cision is reversed and the case was sent back w ith in stru c 000 5% 30 year bonds offered fo r sale on F ebruary 28 have
tions.” See S t a t e a n d C i t y S u p p l e m e n t O ctober, 1901, page been awarded to Seasongood & M ayer, C incinnati, at 107*47.
Bracebridge, Out.— D ebenture O ffering.—Proposals will be
149.
S ea ttle S ch o o l D is tr ic t No. 1, K in g C ounty, W ash .— received u ntil 12 m , M arch 24, by A lex. C. Salm on, T ow u
B ond L itig a tio n .— E. J . Parkinson, a taxpayer, has insti Clerk, fo r $12,000 4% pow er-extension debentures.
Bradford, P a .— Bona Sale,— On M arch 1 the $20,000 8tai
tuted suit in the Superior C ourt to restrain the sch ool board
from delivering the $275,000 4% 20-year bonds awarded on street-im provem ent bonds described iu the Ch ronicle Feb.
January 10 to T hom pson, T enney & C ra w ford Co. o f Chi 22 were awarded to “ C, M. B. A. o f N ew Y ork ” at par.
March 15, 1903. |
THE
591
CHRONICLE.
D rook liaven , Mint*.—B onds A u th orized .— The issuance nr
$3,500 bonds fo r the com pletion o f the sch ool house bus been
authorized. The bonds, it is stated, w ill be sold at the April
meeting o f the Board o f A lderm en.
ltrow n County (P . 0 . A b erd een ), S. Dak.— Bond Offering.
—Proposals w ill be received until 13 m ., April 3, by the
Board o f C onnty Com m issioners—C. H . Seeley, Chairman —
fo r $65,000 4% cou rt house bonds. Securities are in denom i
nation o f $1,000, dated J u ly 1, 1903. Interest w ill be payablo
semi annually and the principal w ill m ature $5,000 yearly on
January 1 from 1908 to 1930, inclusive. These bonds were
authorized at the election held N ov. 5, 1901, by a vote o f
1,309 to 415. This cou n ty has never before issued bonds o f
any kind nor has it any indebtedness w hatever. The assessed
valuation is $7,280,725 and the real value about $20,000,000.
T he official circu lar states that there is n o litigation or
threatened litigation over issuing these bonds. Cbas. Eygabroad is County A u ditor.
B u ffalo, N. Y.—Bonds Proposed.— This city seeks legisla
tive authority to issue $350,000 bonds to dredge the B uffalo
R iver, the C ity Ship Canal and the Peck Slip.
B ond Issu e.—The city o f B uffalo has issued a tem porary
loan bond o f $5,000 to one o f the city ’s sinking funds as an
investm ent. Loan is dated M arch 6, 1902, and w ill m ature
Ju ly 1, 1902. Interest is at the rate o f 3%.
C alhoun, d a .—R ond Sale.— L oca l papers report the sale o f
$5,(00 5% 20 year school bonds to W . H. Patterson & C o.,
A tlanta, at 102 and blank bonds.
C arthage, S. Dak.— R onds V oted.— It is stated that this
place has voted to issue $4,(00 artesian-well bonds.
C entral F a lls, R. I .—L oa n A u th orised .— The C ity Treas
u rer has been authorized to borrow $20,000.
C harleston (W . T a .) In d ep en d en t S ch o o l D is tr ic t.—B ond
Offering.— Proposals w ill be received u ntil 12 m ., A pril 1, by
B . B. Lew is, Cashier o f the K anaw ha B anking & Trust C o.,
Charleston, fo r $50,000
5 30 year (optional) bonds. Se
curities are issued under authority o f Chapter 69, Laws o f
1887, and were voted at an election held Jan. 25, 1902. T h ey
are in denom ination o f $1,000, dated M ay 1, 1902. Interest
w ill be payable annually at the office o f the Sheriff o f K a
nawha County. The bonded debt o f the d istrict is $131,200
and the total value o f taxable property in 1901 was $4 004,140.
C levelan d, O h io.—Bona S a te .- On March 10 the $700,000
4% coupon city -b a ll bonds were aw arded to R . L . Day & Co.
and E stabrook & C o., Boston, at their jo in t bid o f 110-139—
a basis of about 3*279%. The bids io llo w :
R . L. Day & Co. and Estabrook
I Denison. Prior & Co., Cleve__ $766,640
& Co.. Boston........................... $770,973 |Lamprecht Bros. Co., C leve___ 762,650
B lodget,M erritt & C o.,B oston. 766,9fc0 1 W. J. Hayes <S Sons, C le v e
759,640
F or description of bonds see C h r o n i c l e Feb. 1, p. 282.
C lin ton , M ass.—Lo n A u th orized .—A loan o f $65,000 in
anticipation o f the collection o f taxes has teen authorized.
Cohoes, N. Y.—B ond B ill Passes H ou se.—The House o f
the State Legislature has passed the bill authorizing $20,000
fire departm ent bonds.
C olum bus, Ha.— B ond E lection P roposed.— A resolution
has been introduced in the C ouncil callin g for an election
June 19 to determ ine the question o f issuing $150,000 sewer
bonds.
C oshocton, O h io.— B ond O ffering.— Proposals w ill be re
ceived until 12 M ., A p ril 4, by F. F. W agn er, C ity Clerk, for
$1,100
sewer bonds. Securities are issued under the
authority o f sections 2267, 2204 and 2205, R evised Statues of
Ohio. F ive bonds are in denom ination o f $200 and one is
fo r $100, all dated Mar. 1, 1902. Interest w ill be payable semi
annually and the principal w ill m ature $100 on M arch 1,
1903, and $200 yearly on M arch 1 from 1904 to 1908, in clu
sive. A certified ch eck fo r 5% o f the gross am ount o f the
bonds bid fo r m ust accom pany proposals.
C ra w ford C ounty (O h io ) R oad D is tr ic t No. 1 .— Bond
Sale.—This cou nty on M arch 11 sold an issue o f $30,0(0 5%
10 and 11 year bonds o f special road district N o. 1 to F. L.
Fuller & Co. o f Cleveland at 111*73. F o llo w in g are the bids :
tu re k a , J u a b C ounty, Utah.— Bonds Voted.—The election
held M arch 4 resulted in favor o f issuing $20,000 water
bonds by 25 m a jority . T he City C ouncil has not yet deter
mined upon the details o f these bonds.
F ra n k lin C ounty (P . O. C olu m bu s), O h io.— B ond Offering.
— Proposals w ill be received until 12 m ., March 28, by L. E.
Jones, C ounty A u d itor, for the fo llo w in g bonds :
*70X00<% bridge em ergency bonds, maturing $20,000 yearly on April 1 from
19011 to 1905, InohiHlvo, arid tI0,0u0 nil April 1, 19,6
100,0004% Unydeo Kuo bridge bonda, maturing <20,000 .yearly on April 1 from
1903 to 1007, inclusive.
The above bonds are all in denom ination o f $20,(00 ex cep t
one bridge-em ergency bond, w h ich is for $10,(00. T hey are
all dated A pril 1, 1902. Interest w ill be payable semi annu
ally at the office o f the C ounty Treasurer. Bidders are re
quired to be satisfied as to th e,legality o f the bonds before
bidding. A certified ch eck on a trust com p an y or a national
bank for 1% o f the par value o f the bonds bid for muBt be de
posited w ith N elson A . Sim s, C ounty Treasurer.
Gleu R uck, P a . — B ond Sale.— This borough has sold to N .
W . Harris & Co., N ew Y ork, an issue o f $20,000
80 y ear
water bonds voted at the election held F ebruary 18. B onds
are free from tax.
B lo v e r s v ille , N. Y — B ond Sale.— On M arch 7 the $8,200
4J^% lccal-im p rovem en t bonds described in the C h ronicle
F eb, 22 were aw arded to the F u lton C onnty N ational Bank
o f G loversville at 103 25. A bid o f 103 was received from
the Fulton Savings Bank o f F ulton.
Bonds V oted.— The election held M arch 6 resulted in fav or
o f issuing $25,000 30 year fire-departm ent bonds.
C raham , Y a.—B ond Offering.— P roposals w ill be received
until M arch 29 by O, A . M etcalfe, T ow n R ecorder, for $25,000
6% 3-30 year w ater-w ork s bonds. These are the first bonds
issued b y the tow n.
R ueydan (L a .) L evee D is tr ic t.—B onds N ot Sold.— N o sat
isfa ctory bids w ere received on M arch 1 fo r the $50,000
drainage bonds described in the C h r o n i c l e Feb. 8 .
H am blen C ounty, T e n n .— Bonds V oted .—This cou n ty has
voted to issue $50,000 road bonds,
H am burg, N. Y.—B ond Offering.— T he V illa g e C lerk w ill
sell to the highest bidder on M arch 17 an issue o f $8,GOO
street-im provem ent bords.
H a m ilton , O hio.— Bond Offering.— Proposals w ill be re
ceived until 2 p, M , M arch 26, b y M. O. Burns, City Clerk*
for the fo llo w in g bonds :
S tr e e t-A s s e s s m e n t B o n d s .
$3n,000 4% 1-10-year (serial) High Street bonds, in denom ination o f $600.
10.000 4% 1-10-year (serial) Buckeye Street bonds, in denomination o f $600.
6,000 4% 1-10-year (serial) Court Street bonds, in denom ination o f $500.
26,(00 4% l 10-year (serial) Front Street bonds, in denomination o f $500.
S t r e e t- I n t e r s e c ti o n B o n d s.
18,0C0J4% 12-year bonds, in denom ination o f $1,000.
Interest on the above bonds w ill be payable an nu ally a t
the office o f the C ity Treasurer. A certified ch eck fo r 5% o f
the am ount bid m ust accom pan y proposals.
H astings, M in n .— B ond Sale.—T his city has arranged for
the refunding o f $16,000 6# St. Paul & C hicago R ailroad Co.
aid bonds w hich m atured M arch 1, 1902, by an issue o f new
4% bonds. O f the new bonds, $7,500 were taken by the
holders o f the old bonds and the rem aining $8,500 w ere sold
to local banks. The new bonds are in denom ination o f $500,
dated M arch 1,1902. Interest w ill b6 payable sem i-annu
ally at the office o f the C ity Treasurer. P rin cipal w ill m a
ture $2,000 yearly on M arch 1 fro m 1903 to 1910, inclusive.
H endrum , N orm an C onnty, YLlnn.—B ond Offering.— P ro
posals w ill be received until 8 P. M ., M arch 2 0 , b y the V il
lage Council, at the office o f A . H . Gc rdan, R ecorder, fo r
$3,500 5% fire-departm ent bonds. Securities were author
ized at the election held Feb. 25,1902. They are in den om
ination o f $500, dated M arch 21, 1902, Interest w ill be pay
able annually on May 5 at the State Bank o f H endrum .
Principal w ill m ature $5005yeaily on M ay 5 fro m 1915 to 1921,
inclusive. The village has no debt at present, and the as
sessed valuation is $62,500.
H en ry County (P . O. N ap oleon ), O h io .—B ond O ffering.—
F. L. Fuller & Co., Cleveland.$33,519 00 | R. Kleybolte & Co., Cincln. ..$32,295 00
John H. Sheets........................ 32,689 00 P. 8. Briggs & Co.. Oincin__ 82.290 00 Proposals w ill be received u ntil 1 p, M., A pril 3, by D, F .
Providence Sav. <&Trust Co..
I New 1st Nat. B’k, Columbus. 32,256 00 Coe, C ounty A u d itor, fo r the fo llo w in g bonds :
Cincinnati............................
Lamprecht Bros. C o.,C leve..
Heasongood <fe Mayer. Cincln.
Columbus Sav. & Trust C o ...
Denison, Prior A Co.. Cleve .
Cit. Bay. & L ’n Co., Manul’lcl.
Feder, liolzman A Co., Cln....
W. tt. Todd & Co., Cincinnati.
32,875 00 I W. O. B licke ...........................
32.680 <0 Spitzer & Co., T o le d o .............
32,5r,7 00 I W. J. Hayes & Sons, Cleve...
32,417 00 |S' ate Savings Bank, T oledo..
32,417 00 Robinson, Humphrey & Co.,
32,444 44 I Atlanta...................................
32,412 00 1 First Nat. B’ k. B arnesvllle...
32,400 OU |Thos. S. Bolger, Chicago.......
82,222 00
32,15100
32.100 00
31,276 00
31,8?3 00
30,927 00
30,750 00
D alton, Qa.— Bond E lection .— A n eleclion has been called
for March 25 to vote on the question o f issuing $10,000 elec
tric-plant bonds.
Darby S ch ool D istrict, D elaw are C ounty, P a .—B ond
O ffering.— Proposals w ill be received until March 25 by A.
E. Williams,•Secretary, fo r $25,000 %%% 20-30 year (optional)
gold bonds. Securities are exem pt trom ail taxep, and the
interest w ill be payable sem i-annually. A certified check
for $500, payable to the school district o f the borou gh o f
Darby, m ust accom pany proposals. The existing debt o f
the district is $25,000
Fasten, M d.—Bonds P roposed,— A b ill is before the State
L egislature providing for the issuance o f $35,000 sewer
bonds. It is stated that a m ajority o f the tax-payers have
sent a protest to t he Legislature against the passage o f this
bill.
E ureka, C al.— Bond S a l e .- On M arch 3 the $30,000 school
and the $85,000 sewer gold 4%% 1-40 year (seiial) bonds w ere
awarded to the Oakland Bank o f Savings at a price said to
be 103*40, F or description o f bonds see C h r o n i c l e Feb. 8,
p. 340.
$15,000 4% Freedom Township road bonds, m aturing, $1,000 each six m onths
ir< m April 1, 1905, to April 1, 1912.
24.000 i% Liberty Township road bonds, maturing $1,500 each six m onths from
April 1, 19i 3, to Oct. 1,1910, inclusive.
Securities are in de nom ination o f $500, dated A p ril 1, 1902.Interest w ill be payable sem i-annually at the office o f the
C ounty Treaeuier. A draft for $500 on a N ew York bank,
accepted by the Citizens’ or First N ational Bank o f N apoleon,
and made payable to the Connty A u d itor, m ust accom pany
proposals. A ll bids m ust be unconditional and bidders must
satisfy themselves as to the legality o f the bonds before bid
ding.
H ills b o r o u g h C oun ty ( P . 0 . T a m p a ), FJa.— B en d Offerin g .—Proposals w ill be received until 2 p. M., A p ril 10, by
the Board o f C ounty Com m issioners, at the office o f the
City Clerk, fo r $400,0(0 4% 30-year g o ld bonds. Securities
are in denom ination of $1,000, dated A p ril 1, 1902. Interest
w ill be payable sem i-annually in Tam pa at the office o f
B enjam in N . M athes, Samuel L . V ernadoe and E dw ard D.
H obbs, as trustees o f c ounty bonds and their successors in
office. A certifieducheck for 2% o f the face value o f the bonds
bid fo r, draw n on a national bank in fa v or o f the abovenam ed trustees, m ust accom pany proposals. The successful
bidder w ill be furnished with a cop y o f the opinion o f D il-
592
THE
CHRONICLE
Ion & Hubbard of New York City in^favorof the validity of
the bonde.
A. J. K night is Chairman of the Board of
County Commissioners,
The official notice o f this bond offering will be found among
the advertisements elsewhere in this Departm ent.
Uobokeu, N. J .—Bond Offering,—Proposals will be re
ceived between the hours o f 4 and 5 i\ u , March 26, at the
office of John Haggerty, City Clerk, lor $20,000 20 year
school-house bonds. Bids are asked for bonds bearing
interest, and also 4$, which will be payable semi annually,
A certified check for $L,000 required.
The official notice o f this bond offering will be fou n d among
the advertisements elsewhere in this Department.
llyde P ark, Ohio.— Bond Offering.— Proposals will be re
ceived until 12 M., April 2, 1002, by Frauk Lewis, Village
Clerk, at the office of F. H. Kinney, Room 110, 519 Main
Street, Cincinnati, for the follow ing bonds :
$10,000 i* ao-year sidewalk bonds.
S.Suo So year di e department bonds.
Securities are in denomination ot $500, dated Mar. 10, 1902.
Interest will be pavable annually at the Franklin Bank of
Cincinnati. A certified check for 2% o f bonds, payable to
E. F. Walter, Village Treasurer, must accompany proposals.
The amount of bonds to be issued may be reduced if any
assessments are paid in cash.
Hyrunx School D istrict, Cache Couuty, Utah.— Bond
Bids. —Follow ing are the bids received February 15 for the
$6,000 6$ 5-20-year (optional) bonds :
StateBoard of Land Com’rss. 16.42000 ISeasonirood A Mayer. 0tncm. t3.076 00
Utah Mortgage Loan Co. ..... 6,110 76 R.V.Montuitue<xCo.,Kan.City. 6,026 00
Tnomiisou.Teuuey.A Crawford
IWestern Mining A Inv. Co.,
Co., Chicago . ................... 6,105 00 1 Sait Lake City................... 6,015 00
Chas. H. Coffin. Chicago....... 6.001 00 |
As stited iu the C h r o n i c l e March 1, the bonds were
awarded to the State Board o f Land Commissioners.
Irv in g ton , N. J .—Bonds Re-awarded.—The $33,000 4%
school bonds awarded some weeks ago to C. R. W illiams &
Co , Pittsburg, at 104 48, have been declined by that firm and
the bonds re-awarded to the Sinking Fund Commission of
Essex County at the same price.
Jackson, Miss.—Bond Offering.—Proposals w ill be received
until 3 P. M., A pril 15, by A. P. Lusk, City Clerk, for $100,000
5$ paving bonds. Securities are in denomination o f $500.
Interest will be payable annually on April 1. Principal will
mature $500 yearly for nineteen years and $90,500 in twenty
years. No conditional bids w ill be considered. A ll bidders
must satisfy themselves as to the legality o f the bonds before
bidding. A certified check for 5$ of the amount o f the bonds
bid for, payable to the above-named City Clerk, must accom
pany proposals.
Jersey City, N. J .—Bond Offering.—Proposals w ill be re
ceived until 3 P. M., March 19, by the Clerk of the Board of
Finance, for $800,000 4% refunding water bonds (to tik e up
bonds maturing A pril 1, 1902,) and $375,000 4% refunding
water bonds to take up bonds which matured Jan. 1, 1902.
Securities are coupon bonds dated April 1, 1902. Interest
will be payable semi-annually in gold. Principal w ill m a
ture April 1, 1932. Each bid must be accompanied by a cer
tified check for 2% of the par value of the bonds bid for, pay
able to the City Treasurer. Bonds are exempt from taxes.
George R. Hough i3 City Comptroller.
Bond Issue.—The Board of Finance has arranged for the
issuance of $100,000 4# 30-year park bonds carrying interest
payable March 1 and September 1. Bonds are to be taken
by the sinking fund as an investment.
J op lin (M o.) School D istrict.—Bonds to be Issued.—This
district will issue $18,030 4% 10-20-year (optional) bonds to
refund a like amount of 6 per cents wnich are subject to call
on May 1, 1902.
Kearny, N. J.—Bonds Preposed.—The Town ^Council has
under consideration the issuance o f $115,000 4% funding
bonds.
Kountze School D istrict, Hardin County, Texas.—Bonds
Registered.—The State Comptroller has registered an issue
of $1,800 school-house bonds.
Lafayette S pecial School D istrict, Coshocton County,
Ohio.—Bond Offering.—Proposals w ill be received until 1
P. M., to-day (March 15), by A . L. Fonts, Clerk o f the Board
of Education (P. O. W est L afayette), for $12,000 5$ bonds.
Securities are issued under the authority o f Sections 3991,
3992 and 3993, Revised Statutes o f Ohio. They axe in de
nomination of $500, dated March 15, 1902. Interest will be
payable semi-annually at the Commercial Banking Co., Co
shocton. Principal w ill mature one bond o f $500 each six
months from March 1, 1903, to Sept. 1, 1914, inclusive. The
successful bidder will be required to furnish blank bonds.
A ccrued interest is to be paid by purchasers.
Lawrence, K an—Bonds Registered.—The State Auditor
has registered an issue of $15,000 general-improvement bonds
of this city.
Lima, Ohio.—Bond Sale.—The highest bid received on
March 10 for the $59,569 03 4% paviDg bonds described iu
the Chronicle March 8 was that o f Feder, Holzman & Co.,
Cincinnati, at 100‘758. Following are the bids :
Premium. I
Premium.
Feder, Holzman A Co.. Clncln..$462 72 Lamprecht Bros. Co., Cleve. ... $41 00
S3 26
Denison, Prior A Co., Cleve....... 422 04 |Seasoupood A Mayer. Clncin
New 1st Nat. B’k. Columbus....... 416 00 Parson. Leach A Co.. Chlcapo.. 26 00
Columbus Savinus & Trust. Co.. 21600 I R. Kleybolte A Co., Cincinnati,
Provident Sav. A Tr. Co., Cln... 210 97 I par less...................................... 125 00
F. L. Fuller A Co., Cleveland.... 100 00 |
[VOL. LXXIV.
Only about $52,000 of the bonds will be awarded to Feder,
Holzman & Co , Cincinnati.
Lincoln, Neb.—Bond Offering.—Proposals will be received
until 4 p. m ., April 14, by Beuien C. Fox, City Treasurer, for
the follow ing paving bonds :
*0,200 ft^LOO-year (serial) bonds o f repaving district No. 8, in denomination of
12,500 5> I 10 -year (seria l) b o n d s o f r e p a v in g d istr ic t N o . 13, in d e n o m in a tio n
O t *625.
Securities are dated May 1, 1902, and the interest will be
payable at the State fiscal agency iu New York City. A cer
tified check for $500 must accompany each bid.
Llano County, Texas.— loa d s Approved.—The AttorneyGeneral has approved $80,0j0 refunding bridge and $4,000
refunding j iil bonds.
Bond S a te— It is stated that on March 8 the Slate Board
of Education purchased $58,000 refunding bonds of this
county as an investment.
Lorain, Ohio.—Bond Sale.—Oa March 10 the $15,000 5%
sewer bonus described in tne C hronicle Feb. 15 were
awarded to W. R. Todd & Co., Cincinnati, at 104 20.
Manassas, Va.—Bonds Authorized.—The Town Council has
passed a resolution providing for the issuance o f $30,000
water-works, electric light and street improvement bonds.
M arshall, M ich.—tiond S a le.- Ou March 8 the $16,000 elec
tric light aud water-works-improvement bonds described in
the C hronicle Feb. 8 were awarded to the St. Johns N a
tional Bank at 100'135 for 4 per cents.
M aryland,— Bond Bill Passes Senate.—The State Senate
has passed a bill authorizing a loan o f $600,000 for the fo l
lowing purposes : $250,000 lor an annex to the State House,
$140,000 for heatiDg aud furnishing Court o f Appeals Build
ing, $120,000 for completion o f Fifth Regiment A rm ory and
$90,000 for building a wing to the House of Correction. It
is proposed to take up the loan by the sinking funds as an
investment.
Mason County (P . 0. Shelton), W ash—Bond Offering.—
Proposals will be received until 12 m ., April 8 . by the Board
of County Commisssoners, T. W . Daniels, Chairman, for
$20,000 refunding bonds. Securities are in denomination of
$1,000, dated March 1, 1902. Interest is to be at a rate not
exceeding 5$, payable annually at the office of the County
Treasurer. Principal will mature in ten years, subject to
call after one year. Purchasers will be required to pay
accrued interest and also to furnish blank bonds free of
charge. A certified check for 2% o f the amount bid, payable
to the Coun'y Treasurer, will be required.
M ineral W ells, Texas.—Bond Election.—A n election will
be held April 3 to vote on the question o f issuing $18,000
water and $4,003 city ja il bonds.
M inneapolis, M inn.—Bonds Proposed.—The City Council
has under consideration an ordinance providing for the issu
ance of $215,000 4% 30-year bridge bonds. Securities are to
be in denomination of $1,000, dated Jan. 1, 1902. Interest
will be payable semi annually.
Bond Sale.—The five issues o f bonds aggregating $249,000
described in the C h r o n i c l e February 1 were awarded on
March 12 to the Minnesota Loan & Trust Co., Minneapolis,
at l08,978.
M issoula, M ont.—Bond Offering.—Proposals will be re
ceived until 8 P. M ., A pril 7, by W. L. Murphy, City Clerk,
for $93,000 4% 10 20 year (optional) coupon refunding bonds.
Securities are in denomination o f $L,Oo(), dated May 1, 1932.
Interest will be payable Jan. 1 and July 1 in Missoula or in
New York City. A certified check for 1$ required.
M ount P leasant, Texas.—Bonds V oted — This place has
voted to issue $10,003 water works bonds.
Mount Vernon, N. Y.— Bond S a le— On March 10, $130,000
3 2 1 - 3 3 year (serial) deficiency bonds were awarded to W.
J. Hayes & Sons, Cleveland, at 10P02—a basis of about
3 442$. Securities are in denomination o f $1,000, dated
March 1,1902. Interest will be payable semi-annually at the
offic3 of the City Treasurer.
Needham, Mass.—Bonds Authorized.—The Water Com
missioners, it is stated, have been authorized to issue $15,000 bonds.
New B altim ore, M ich ,—Bond Sale.—W e are advised that
the $24,000 water and $6,000 electric-light bonds voted at the
election held January 27 have already been sold. These
bonds are in denomination of $1,000, dated March 1, 1902.
Interest is at the rate o f 4%% and will be payable in Detroit.
Principal will mature in 30 years, subject to call after 20
years. S. A. Knight is Village Treasurer.
New R och elle, N. Y.—Bona Sale.—On March 11 the $40,000 6$ certificates o f indebtedness maturing Oct. 1, 1902,
were awarded to O'Connor & Kahler, New York, at 100‘61.
For full description o f loan see C h r o n i c l e March 8, p. 543.
Norhorne Land D rainage D istrict, C arroll County, Mo.
—Bond Offering.—Proposals will be received until 1 p . m .,
March 29, by E. D. Brown, Secretary, for $65,000 6$ bonds.
Securities are in denomination o f $500. Interest will be pay
able annually at the office o f the County Treasurer. P rinci
pal will mature as follow s :
$2,500
5.000
8.000
3,600
3,60u
8,500
In 6 years.
in 6 ye ars.
in 7 years.
In 8 ye ars.
In 0 ye ars.
In 10 years.
$4 ,000
4.0 00
4,6 00
4,5 00
6.000
lu
m
In
lu
lu
11
13
18
14
16
years.
years.
years.
y e a rs.
ye ars.
$3 ,000 in 16 years.
6 .. '0 0 ill 17 years.
6 .0.
0 in 18 years
6,000 In u> years.
1,600 iu 20 years.
A certified check for 5$ of the face value of the bonds bid
for, payable to E. D. Brown, Secretary, must accompany
proposals. This district Is incorporated under the laws of
Missouri as contained in Sections 8251 to 8.970, inclusive, of
March
15, 1902.]
lUh
CHRONICLE.
the Revised Statutes of 1899. Bonds were voted at an elec
tion held Dec. 15, 1901.
Northampton, Mass.—Temporary Loan.—This oily has
borrowed $75,000 at 8*44£ from Geo Mixfcer of Boston. The
only other offer was 3*70# made by Jose, Parker & Co., Bos
ton. Loan matures Oct. 3, 1902.
Norwalk, Ohio.—Bond Election Authorized.—The City
Couucll has passed a resolath n to submit the question of
issuing: $3,200 bonds to purchase real estate to the voters on
April 7.
Norwood, Ohio.—Bond Offering.— Proposals will be re
ceived until 12 m . , April 7, by W. E. Wichgar, Village Clerk,
at the office of William R. Collins, Room 505 Johnston
Building, Cincinnati, for $10,0004% 30-year street-extension
bonds. Securities are in denomination of $500, dated March
1, 1902. Interest will be payable semi-annually at the Atlas
National Bank of Cincinnati. A certified check for $500, pay
able to the Village Clerk, must accompany proposals.
OakyiUe”lndependent School District, Live Oak County,
Tex.—Bonds R egistered. —The State Comptroller has regis
tered an issue of $2,0< 0 bonds of this district.
Otsego (M idi.) School District.—Bond Election.—This
district will vote upon the question of issuing $15,000 bonds
to rebuild school house destroyed by fire.
Owosso, M idi.—Bonds Voted.— This city on March 5 voted
to issue $15,000 4% 15-year factory-aid bonds.
Pasadena, CaJ.— Bond Offering.—Proposals will be re
ceived until 9 a . M . , April 1, 1902, by Herman Dyer, City
Clerk, for $300,000 4% bonds as follows :
593
bids must be subject to the light of the|city to withhold $100,000 of the bonds until needed, and then to deliver the same
iu blocks of $25,000, as required for the purposes intended. A
certified check for \% of the face value of the bonds bid for,
payable to the Mayor, will be required with bids.
These bonds will be certified to as to genuineness by the
United States Mortgage & Trust Co., New York, and the
opinion of Messrs. Dillon & Hubbard of the same city ap
proving the legality of the bonds will be furnished the suc
cessful bidder. These are the bonds offered for sale on Jan.
20 (mentioned in the C h r o n i c l e March 1, Feb. 1 Jan. 25 and
Jan. 11, 1902), but the sale was not then consummated.
The official notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
Plerpont, Potsdam and P arlshville(Tow ng) Joint School
District No. 4, N. Y.—Bond Sa'e.—On March 1 the $5,300
1-20 year (serial) school-house bonds described in the C h r o n
i c l e Feb. 22 were awarded to W. J. Hayes & Sons, Cleve
land, at 103*53 for 4 per cents. The bids follow :
$127,000 paib bonds. Two hundred bonds o f $#35 each, maturing $6,350 yearly*
25.000 park bonds. Forty bonds of $626 eac h, maturing $l,26u yearly.
49,600 city-hall and jail bonds. Two hundred bonds o f $247 6u each, matur
ing $1,237 60 yearly.
20.000 fire-house bonds. Forty bonds o f $600 each, maturing one bond yearly.
17.000 street bonds. Forty bonds o f $437 50 each, maturing one bond yearly.
6.000 well bonds. Forty bonds of *150 each, maturing one bond yearly.
36.000 sewer bonds. Forty bonds o f $876 each, maturing one bond yearly.
5.000 sewer-farm bonds. Forty bonds of $125 each, maturing one bond
yearly.
15.000 park-improvement bonds. Forty bonds of $875 each, maturing one
bond yearly.
Securities were authorized at [the election held Dec. 9,
1901. They aie all dated Jan. 1, 1902. Interest will be pay
able eemi-acnually at the office of the City Treasurer. All
For 4 P er Cents.
For 1 Per Cents ( ContO
W . J. Hayee & Sons, Cleveland.lOS^S
M. A. Stein, New Y ork ...............100*37
I. W. Sherrill, Poughkeepsie__102*67
For 3*90 P er Cents.
O’Connor & Kahler, New York.l00*8fc8 O’Connor & Kahler, New York.100'09
Lamprecht Bros. Co., C leve___ 100*61
Pleasant Ridge, Ohio.—Bond Offering.—Proposals will be
received until 12 M ., April 14, by J. B. Hayden, Village
Clerk, for $5,100 4% refunding street bonds. Securities are
in denomination of $500 (except one $600 bond), dated April
1, 1902. Interest will be payable annually at the First Na
tional Bank of Cincinnati. Principal will mature April 1,
1917. See Section 2701, Revised Statutes of Ohio, for authirity. A certified check on a national bank for 5% of the
gross amount of bonds bid for, payable to the Village Clerk,
must accompany proposals.
Randall County, Texas.—Bond Sale.—This county has
sold through M. S. Swain of Austin an issue of $13,000 4% 5-40year (optional) refunding bonds.
Randolph, Mass.—Loan Authorized.—A loan not exceed
ing $38,000 in anticipation of taxes has been authorized.
N EW LO A N S
N EW LO ANS.
N E W LO AN S.
S 4 0 0 ,0 < -0
BOND CALL.
$ 3 0 0 ,0 0 0
Hillsborough County, Florida, City of Minneapolis, Minn.
4 per cent 1 hirty Year Gold Bonds.
N otice is hereby given that the Board o f County
Commissioners o f the County o f H illsborough,
Florida, w illreceive bids fo r the purchase o f $400,000
bonds o f said county at th e Clerk’s office o f said
cou n ty in the City o f Tampa, Florida, on or before
2 o ’clock P. M. ON TH E 10TH DAY OF A P R IL ,
1902. Said bonds will be o f the denom ination o f
$1,000 each, dated A pril 1st, A. D. 1902, and mature
thirty years thereafter, and bear interest at the rate
o f 4 per cent per annum, and payable semi-annually
at the office o f Benjamin N. M athfs. Samuel L. V ern adoeand Edward D. H obbs, as trustees o f county
bonds o f said county, and their successors in office,
In the City o f 1ampa. Florida: principal and interest
payable in gold coin o f the United States o f America
o l the present standard weight and oneness.
Each bio must be accompanied oy a certified
check on a national bank fo r 2 per cent o f the face
value o f the bonus bid for, payable to th e order o f
the said Benjamin N. Matbee, Samuel L V ernadoe
and Edward D. H obbs as iruf-tees o f the county
bonds o f Hillsborough County, Florida. The right
is reserved to reject any ana all bids; th e checks o f
tbe unsuccessful bidders will be returned. The
check o f the successful bidder will be applied in part
payment o f his bid or retained as liquidated dam
ages for bis failure to com ply w»th the te r n s o f his
bid in case tne bonds are awarded to him.
T be purchaser m ust take and pay fo r th e bonds
within ten days after he receives notice by mail
from the said Beniamin N. Mathes, Samuel L V e r
nadoe and Edward D. H obbs, as trustees o f said
county bonds, and their successors in office, that the
bonds are ready for delivery i o him.
No bid will be received fo r less than’ par and ac
crued interest to date o f delivery.
No less than $125,000 o f said bonds will be sold,
and the option is reserved to the Board o f County
Commissioners fo r said county whether a greater
amount than that sum will be sold on the 10th clay
*
H. 1902, but if a larger sum than $125,000
or Haul bonds shall be sold, the accepted bidder will
be given the option to take the remainder o f said
bonds at the same bid, to be delivered at different
times from the 1st day o f Juiy, 1902, io t h e 1st day
T#
1905’ a" fur
are needed.
\ . l a d d e r to whom the bonds shall be awarded
snail ran to take and pay for the same as required
by bis b id ,, he county rcHerves the right, if it shall
elect to do so, to award bones to the next highest
Dictaer.
I he successful bidder will be furnished with a
w p y o f the opinion o f Dillon & U uub»rd o f New
York in favor o f the validity o f said bonds
i n ! 1r
^fd^mation address the undersigned.
BOARD Ob
COUNTY COMMISSIONERS OF
O
HILLSBOROUGH COUNTY.
March 6th, A . D. 1W i. A ’ J*KN1GHT> C h a lm a n '
Blodget, Merritt & Co
BANKERS,
16 Congress Street, Boston.
1 5 W a l l H tre e t, N e w Y o r k *
8TATE, CITY & RAILROAD BONI
TO W H O M IT M A Y CONCERN:
N otice is hereby given that pursuant to resolution
duly adopted by the City Council o f the City o f Min
neapolis, on the 18th day o f December, A. D. 1901,
the said City o f Minneapolis will, on the f i r s t d a y
o f A p r i l , A . D . 1 9 0 2 , exercise its right and op
tion to pay, and will pay, all those certain outstand
ing bonds o f the City o f Minneapolis, issued and
sold pursuant to a resolution adopted by tb e City
Council on February 15, 1882, approved February 20,
1882, to the amount o f $366,000, numbered consecu
tively from 0 0 4 to 9 0 9 . both Nos. inclusive, bear
ing date A p r i l 1, 188*^* in denominations o f $1,000
each, bearing interest at 4 ^ per cent per annum, and
payable at the option o f the City o f Minneapolis at
any time n i t e r 2 0 y e a r s a n d n o t l o n g e r th a n
3 0 y e a r s f r o m t h e d a t e o f i h e l r i s M u e , which
said bonds are hereby called in, and the holders
th ereof are hereby notified and required to present
tbe said bonds for payment to tb e United States
Mortgage & Trust Co., 59 Ceoar Street, in the City ol
New York, N. Y., on the said 1st day o f April, A. D.
1902, at which tim e said bonds and each th ereof will
cease to bear interest.
JOSHUA ROGERS.
City Comptroller.
PASADENA, GAL.,
BONDS.
Bids will be received by th e City o f Pasadena,
California, until 9 o ’ clock A. M., T U E SD A Y , April 1,
1902, for $300,000 Municipal Im provem ent BDnds,
dated January 2, 1902, serials, m aturing at various
dates, bearing interest at th e rate o f fo u r per cent
per annum, payable semi annually, both principal
and interest payabie at th e office o f the City Treas
ured in said city o f Pasadena.
Send fo r circular giving full particulars to George
F. Kernagban, City A uditor, Pasadena, California;
Dillon & H ubbaro. 195 Broadway, New York, or
United States Mortgage & Trust Company, 59 Cedar
Street, New York.
Bonds will be ensraved and certified by United
States Mortgav e & Trust Company, New Yr rk.
O pioion o f Dillon & Hubbard, approving tbe
legality o f bonds, will be furnished to the successful
bidder.
H E M A N D YE R,
City Clerk.
A U S T IN , T E X A S .
P R O PO SA L S F O R SCHOOL BONDS.
PUBLIC NOTICE is hereby given, in accordance
with a resolution o f the Council o f the
H O L D E R S OF
CITY OF HOBOKEN,
A U S T IN , T E X A S , B O N D S
passed on the 26th day o f February, 1902, that
SEALED PROPOSALS lo r the purchase o f bonds
o f the City o f H oboken, known as “ S c h o o l
H o u s e B o n d s , ” to the am ount o f t w e n t y
t h o u s a n d d o l l a r s , to run t w e n t y y e a r s , regis
tered or coupon, at the option o f th e bidder, will be
received a t t h e ofil«-e ot t h e K i i y C l e r k a t t h e
t .it y H a l l , in the City o f H oboken, on ihe
2 6 T H D A Y O F IY1 A K C H , 1 9 0 2 ,
between the hours o f 4 and 5 P. M.
B i d s t o - l u t e p r i c e s on b o n d s b e a r i n g I n
t e r e s t a t 314 p e r c e n t a n d « n b o n d s b e a r i n g
in te re s t a t 4 p er cent, p a y a b le s e m i-a n n u a 11y •
A certified check fo r $1,000 should accompany
bids.
The Mayor and Council reserve the right to reject
any or all bids if deemed in the interest o f the city
so to do.
By order o f the Council.
JOHN H A G G E R T Y , City Clerk.
W IL L
TO
PLEASE
THE
WHERE
FORW ARD
A U STIN
NEW
D IR E C T
N A T IO N A L
R E F U N D IN G
BANK,
BONDS
NOW ARE.
ARRANGEMENTS
BANK
COM PLETE
AT
THE
FOR
ABOVE
R E F U N D IN G .
H . P. H IL L I A R D ,
C ity T r e a s u r e r .
I n v e s t m e n t bonds .
SEND
FOR
L IS T .
MASON, LEW IS & CO.
BANKERS,
C H IC A G O ,
llo n a d n o c k B u ild in g ,
MUNICIPAL
RAILROAD
CORPORATION
D E N ISO N , P R IO R & CO .
CLEVELA N D .
BOSTON,
9 0 D e v o n s h i r e St.
BONDS*
C hoice Issues,
Street Railway and Gas Companies.
L,IHT ON A P P L I C A T I O N .
E.
BOSTON.
MUNICIPAL BONDS.
C. S t a n w o o d o C o .,
S
BANKERS,
121 Devonshire Street.
B08T0N.
594
THE
CHRONICLE.
Riverside High School District, Riverside County, Cal.
— B ond Sale.—Oh M arch 4 the $7,000 4$ bonds described iu
the C h r o n i c l e February 22 w ere aw arded to the First N a
tional Dank o f R iversid e at par. This was the only bid re
ceived.
Rente, N. Y.— Bond Bill 1’asaes S ena te.—T he State Senate
on M arch 5 passed the bill au th orizin g this city to issue
$50,000 street im provem ent bonds.
R u th e rfo rd , N. J .— BuruU Voted. —This place recently au
th orized the issuance o f $40,000 street-im provem ent bonds
by a vote o f 850 for to 121 against.
R u tla n d , V t.— L oan A u th orized .—The A lderm en have au
thorized a loan o f $10,000, to m ature O ct. 20, 1002. Interest
m u st not exceed
per aunnrn.
S an du sky, O h io .— Rond ^ tie.— T he highest bid received
M arch 12 lor the $14,000
12-year general refu n din g and
the $8,000 4% 9 year refunding water w orks bonds was that
o f M orris Bros., Pendleton, at 102 7b. The bids fo llo w :
V. 1,. Culler Sl Co., Clevo .. .»22,230 00
tt. iileybolte s Co., Clncln.. ..*22.2061 0
e. o. Brigga A Co., Cl no in....... 22.*3'>00
Seasongood A .M ayer, i 'in...... 22,173 68
W. H. Todd A Co., Ctncln___ 22.U60 GO
W. J. liayea A Song. C le v e ... 28,009 00
♦ Bid received too late to be considered.
F or description o f bonds see C h ronicle Feb, 22, p. 443.
Morris Bros.. Pendleton
. (32,812 00
S c * tat Nat. H a n k . Columbus. 22,460 00
Demsun. Prior a Co.. Clave . 28.*S2 <so
Lauuorecht Broa. Co., Cleve . 22,37(1 so
N. W . lla m a A Co., Chicago.. *2,804 00
S avann a (111.) T o w n sh ip H ig h S ch o o l D is tr ic t .— Bond
S a le — This d istrict has sold $25,000 4% bon d s to Geo. M.
B echtel & C o., D avenport, at 103‘55. The fo llo w in g bids
w ere r e c e iv e d :
Geo. M. Bechtel A Co., D avenp.irt........................
1*5,887 60
T. B. Potter. Chicago............. 26,887 00
N. W. H arris A Co.. C hloago.. 26,726 oo
Savanna State Bank............... 26,805 00
D evltl, Trem ble A Co.. Chic.. *6,487 60
Lainprecht Broa. Co.. Cleve.. 25.302 60
K. Kleybolte a Co., C lnaln .. 25,278 00
Mason, Lewis A Co.. C bic__ (26.275 00
Chas. H. Coffin. C hicago........ V5.201 00
Seasi-ngnod A Maver, C ln.... 25,106 76
Geo. M. Brtnkerhofl, Sp’tleld. 26,121 26
Thompson, Tenney A Craw
ford Co., Chicago.................. 25,100 00
Denison, Prior a Co..C le v e .. 24,75u 00
Securities are in denom ination o f $500 and w ill m ature
$1 ,000 yearly fo r the h ist ten years and $1,500 yearly fo r the
n ex t ten years.
S le l t o n , N eb.—B on d E lection .— A t the A pril election the
question o f issuing w a ter-w ork s bonds w ill be subm itted to
the voters o f this village.
S ou th B eth leh em , P a — B ond Offering.— Proposals w ill be
received until 7 p . m ., A pril 7, by L D. R itter. C hairm an o f
_____I N V E S T M E N T S.
[VOL. LXXIV,
the Finance C om m ittee, for $100,000
sew er bonds. Inter*st w ill be payable sem i-annually at the office o f the Borough
Treasurer. P rin cipal w ill m ature iu thirty years, su b ject to
call after tw enty years. Bonds are free from all taxes. A
certified check for $1,000 is required.
South B r o o k ly n , O h io .—B ond Sale.—On M arch lt h e $3(* 000 5# 20-year ele ctric-lig h t bonds and the $16,000
1- 10year (serial) paving bonds w ere awarded to The L am prech t
Bros. C o., Cleveland, at 102'57 and 100*^44, respectively.
For description o f bonds see C hronicle Feb. 1, p. 285.
S ou th Omaha, N eb.—B ond Sale— B ide R ejected ,—On M arch
10 the city sold au issue o f $5,000 5% 20-year intersection
bondB to the State Savings Bank o f Toledo at 100TO. The
T oled o bank also bid 101 125 fo r $140,000 5% 20 year renew al
bonds, but this bid was rejected.
S p rlu g fle ld , T eu n .— Bonds A u th orized .—The M ayor re
cen tly vetoed an ordinance passed in F ebruary authorizing
the issuance o f $25,000 w ater-w orks bonds. The A lderm en ,
how ever, have passed the bill over the M ayor’s veto by a vote
o f 4 to 2.
Syracuse, N. Y.— B ond O ffering.— Proposals w ill be r e
ceived until 8 p. M., M arch 25, b y F . W . T raugott, C ity
Treasurer, for $126,000
local im provem ent boDds. Se
curities are dated A p ril 1, 1902, and are issued pursuant to
Chapter 229, Law s o f 1895, as amended b y Chapter 661, L aw s
o f 1898, and in accordan ce w ith Chapter 182, L aw s o f 1898,
as amended by Chapter 581, L aw s o f 1899. Interest w ill be
payable A p ril 1 and O ctober 1 at the U nited States M ortgage
& Trust C o., N ew Y ork C ity, and the said com pan y w ill oer*
tify as to the genuineness o f the issue. B onds are to be
registered at the office o f the C ity Treasurer. P rin cip al w ill
m ature tw o bonds o f $5,000 and one bon d o f $4,000 yearly on
A pril 1 from 1903 to 1912, inclusive.
T opsham , M e.—L oan A u th o r iz e d —A $2,000 tem porary
loan was authorized at a recent tow n m eeting
T rem on t, M e.— Loan A u th orized .—A t a recent tow n m eet
in g a 4£ loan was authorized to take up outstanding tow n
orders.
W areham , M ass.— L oan A u th orized . —The usual tem po
rary loan order was passed at a recent tow n m eeting.
W a te rto w n , N. Y.— B onds P roposed . —The L egislature is
com -id eiiog a bill provid in g fo r the issuance o f $25 000
IN V ESTM EN TS.
IN V ESTM EN TS
N. W. HARRIS & CO., Geo. D. Cook Company,
8 A N K K R 8,
INVESTMENT SECURITIES,
31 N A S S A U S T ., N E W Y O R K .
CHICAGO.
BOSTON
Deal
exclu siv ely
In m u n ic ip a l.
R a ilr o a d a n d o th er b o n d s adapted
fo r tru st fu n d s a n d sa v in g s.
ZB8 TJX T E A VX LEES' L E T T E R S OX O B X D It
A V A IL A B L X
in a l l e a s t s ox th e w osll
Quotations furnished for purchase, sale or exchange
Perry, Coffin
Sc Burr,
IN V ESTM EN T BONDS,
E. H. R O L L I N S & S O N S
BO STON.
D en ver.
San F r a n c isc o .
MacDonald, McCoy & Co,,
BONDS
M U N I C I P A L and
CO R PO R A TIO N
N e t t in g f r o m 8 > £ t o
a lw a y s o n h a n d .
D U K E M .FA R S O N & C O
AMD
CORPORATION
BONDS.
171 L a Salle Street. Chicago.
C.
D.
K N A P P , J R . , 8l C O . ,
B A N KE RS and
D e a le r s In I n v e s t m e n t S ec u rities,
3 1 N a ssa u S tr ee t,
NEW Y O R K C IT Y .
1 3 3 L a iSalle Str ee t,
CH ICA G O .
CO
1 1 5 D e a r b o r n S t ., C H I C A G O .
Send for our Investment Circulars
T.
F.
W IL D
&
C O ., B a n k e r s ,
1st Mort. Sinking Fund Gold 5^% Bonds-
1 N A S S A U STREET
Du e 19113.
Redeem able at 1 1 0 a lter 1 9 1 0 .
112 8 0 . F O U R T H ST R E E T
B.
POTTER,
M U N I C I P A L and
CO R PO R A TIO N
d a
Net e nrn in g s ettunl to three tim es it s In
tere st c h a r g e s . P a r t i c u l a r s on im p lic a ti on .
W e oiler a lim it e d am o u n t to net 5ML
wn c
C. H. W H I T E
172 Washington Street,
C H IC A B O ,
I.THT
J.
B A T H (N. Y.)
E L E C T R IC & G A S LIG H T
COMPANY
EDW . C . J O N E S & C O . ,
NEW Y O R K ,
P H IL A D E L P H IA ,
T O T A L ISSUE, (150,000.
I n d i a n a p o lis . Ind.
lilt
•
•
AP PI.TC ATT O N .
Season good
&
M
ayer
Tl B r o a d w a y ,
,
8c
CO.,
B ANKERS.
!L L I .
C IN C IN N AT I. O H IO.
MUNICIPAL
H E A T IN G
$7,000.........July 1. 1909
(8,000........ Jan. 1,1906
(8.0CO......... Jao. 1, 1910
*7,000.........July 1, 1900
*7,000........... J u l y l , 1910
*7,000........ July 1 .11-07
*8,000........ Jan. 1,1911
(8,000.........Jan. 1, 1908
*7,00o........J u ly l, 1911
(7,000........ J u ly l, 1908
*8 000......... Jan, 1,1912
(-.000........Jan. 1. 1909
Net earnings, *35,600 on Electric Light Plant.
New Heating Plant, recently put in operation, in
cluded in mortgage.
City o f Marlon, Ind.. Population, 22,000.
Price to net, 434 per cent.
A S P E C IA L T Y .
BONDS.
&
Broad Exchange Building, 25 Broad S t ,
NEW YORK.
M exica n G ov ern m en t and S tate B ond s.
BOSTON,
Public Service Corporation
L IG H T
5% F ir s t M o r t g a g e B o nds.
5% B O N D S
AND
M A R IO N
Counselman Building, 238 La Salle St.,
C H IC A G O .
6o State Street,
MUNICIPAL
$ 9 0 ,0 0 0
-
N ew Y o rk .
% ^ v n old J>cuddcv X* <£cl,
H IG H GRADE
M U N IC IP A L AND O T H E R
BONDS.
BORDEN BLOCK,
11ST ON A P PL IC A TIO N .
Chicago, Illinois.
V IC K E R S & PHELPS,
15 Wall Street,
INVESTM ENT
-
New York-
BKOKEKH,
HIGHEST GRADE RAILROAD
B O N D S .
TEXAS
BONDS.
A p p r o v e d by ihe Att orn ey G e n e r a l .
T h i s issue o f bonds ottered at p ar and lut.
11A K K Y
l». P O W E L l ,
A
W o o d s to c k , Vcruiont.
CO .,
THK
M a r c h 15, 1902.]
sewer, $25,000
pavem ent and $25,000
highw ay
bonds.
W -aterville, Me.— L ean A u th orized .—The City Treasurer
has been authorized t6 borrow $10,000 in anticipation o f the
collection c f taxes.
W ayne T ow n sh ip , Jay C ounty, In d .—Subsidy E lection .—
A n election has been ordered in A p ril to vote a subsidy o f
$58,000 to the Dayton Union City & H untington Railroad.
W e llsb n rg , W- Va.—B ond E lection .—A n election has been
called fo r A pril 8 to vote on the issuance o f $10,000 w ater
bonds.
W estch ester C ounty (P . 0 . tW h ite P la in s ), N. Y.—B ond
Offering. — Proposals w ill be received until 2 p. m ., M arch 17,
by F racois M. Carpenter, C ounty Treasurer, for $115,340
3%% registered bonds as fo llo w s :
$30,(00 bonds
30.000 bonds
40,340 bonds
16.000 bonds
fo r im provement o f high ways, maturing June 1,1020.
lor im provement o f highways, maturing Juno 1, 1030.
for im provem ent o f highways, maturing June 1,1931.
fo r new indices, maturing Juno 1,1012.
Securities are in denom ination o f $5,000, except one bond,
w h ich is fo r $5,340, all dated A pril 1, 1902. Interest w ill be
payable June 1 and Decem ber 1 at the office o f the County
Treasurer. Separate bids m ust be m ade fo r the $100,340
highw ay bonds and the $15,000 bonds fo r n ew indices. A
certified check for $3,000, payable to the C ounty Treasurer,
m ust accom pany proposals.
Westerville, Ohio.— Bond Sale.— On M arch 4 the three
issues o f
20-year bonds, aggregatin g $75,000, w ere
awarded to the Colum bus Savings & T rust Co. at par and
accrued interest, am ounting to $231. For description o f
bonds sj e C h r o n i c l e Feb. 15. p. 395.
W est P oin t, M iss.— Rond B ill Passed.— The Legislature has
passed H. B No. 98 authorizing $10,000 sch ool bonds.
W est P o in t, N eb.— R ond E lection .— A t the com in g spring
election the question o f issuing $7,500 bonds fo r the exten
sion of the water system w ill be subm itted to a vote o f the
people.
W ilk e s B a rre, P a .—Bonds N ot A u thorized .— W e are ad
vised that the ordinance p rovid in g fo r the issuance o f $33,000 sewer, $12,000 street and $15,000 fire departm ent bonds,
w h ich was under consideration in the C om m on C ouncil last
fa ll was tabled and has never been revived.
W ilk es C ounty, Ga.— B ond E lection .—A n election w ill
probably t o held In May, according to local papers, to vote
on the question o f Issuing $35,000 cou rt house bonds.
W illln in n tic, C onn.— Loan A u th orized . —T he A lderm en
have authorized the M ayor to b orrow $0,500 for current ex
penses.
W i l m i n g t o n , O h i o .— Bonds P roposed — A b ill Is before
the State Legislature w hich authorizes this place to issue
$3,000 library-site bonds.
W y m o r e , N eb.—B ond E lection.— This tow n w ill vote at
the spring election on the question o f issuing $50,000 refu n d
ing bonds. J. R. Dodds is M ayor.
Y a k im a C ou n ty ( W a s h . ) S c h o o l D istr ic t N o . 2 H.—B ond
Offering.— Proposals w ill be received until 3 r. M., M arch 29,
b y W . B. Dudley, C ounty Treasurer, N orth Y akim a, W ash.,
for $7,000 10-15-year (optional) school-house bonds. Bidders
are to name rate o f interest, n ot exceeding 10$. D enom ina
tion o f bonds, $500. Interest payable annually at the office
o f the County Treasurer.
Y o n k e r s , N . Y — B onds A u th orized .— Chapter 33, L aw s o f
1902, authorizes the Com m on C ouncil to increase the bond
issue for fire departm ent purposes from $30,000 to $50,000.
Bond Sale.—The sinking fu n d has taken an issue o f $60,000
3%% water bonds, dated F eb. 15, 1902. Securities are in de
nom ination o f $10,000 and the interest w ill be payable semiannnally in F ebruary and A ugu st o f each year. P rin cip al
w ill m alure A p ril 1, 1921.
Y o r k C o u n t y ( P . O . T o r o n t o ) , O n t .— Debenture Offering —
Proposals w ill be received u ntil 12 m ., M arch 27, by John A .
Ramsden, C ounty Clerk, fo r $84 000 i% debentures. Securi
ties are dated A p ril 1, 1902, and the principal w ill m ature
part yearly fo r thirty years.
Y o u n g s t o w n , O h io . — B ond Offering.— Proposals w ill be re
ceived until 2 p. m ., M arch 31, by W m . I. Davies, City C lerk,
fo r $1,485 5% H im rod A ven u e and F orest A ven u e sew er bonds,
m a tu rirg one bond o f 297 yearly on Oct. 1 from 1903 to 1907,
inclusive. Bonds are dated A p ril 1, 1902. Interest w ill b e
payable sem i-annually at the office o f the City Treasurer.
Purchasers m ust be prepared to take the bonds n ot later than
A pril 7, the m oney to be delivered at one o f the city banks or
at the office o f the City Treasurer. A certified ch eck fo r 2% o f
t h s amount o f bonds bid fo r m ust accom pan y proposals.
IN V E S TM E N TS .
IN V ESTM EN TS .
W E O F F E R . T O Y I E L D A B O U T 3%.
W E OFFER,
$ 3 0 0 ,0 0 0
Butte Electric & P o w e r Co.
Bn tte, M o n t.,
per
cent 1 s t M o r t g a g e S in k in g Fund
Go ld Bo nd s.
Denomination, $1,000. Maturing 1 to 30 years.
N A S S A U S T .. N E W
Y O R K C IT Y .
GRAND
P R IX .
an improved farms, worth from 2^ to 5 time*
the amount loaned thereon,
Netting the investor
6 per cent interest.
Each of the securities has been personally «a
amined by one of our salaried examiners.
Write for our latest offering.
SEND FOR LIST
March
THE
CHOICE OKLAHOMA
FIRST MORTGAGES
R u d o l p h Kl eybol t e & C o .
I
M IS CELLA N EO U S .
SUBJECT TO PRIOR SALE
( T o ta l I s s u e , 8 1 , 0 0 0 , 0 0 0 )
3
595
CHRONICLE
I nvestments.
W H IT IN G ’S
STANDARD
PAPERS.
They are the only American papers which have
ever received this—the highest honor that can be
conferred. It means they are the most p erfect
made. Insist on having them fo r your fine corres
pondence and your office stationery. Are you using
Whiting’s .L edger Papers In you Blank-Book
Samples and booklet free.
W HITING PA PER C O M P A N Y ,
H O L Y O K E . M A S S ..
M UNICIPAL, R A ILR O A D AND CORPORATIOh
BONDS.
FARSON , LE A C H
C H ICAG O .
& C O .,
M ention this -paver.
NEW YORK.
F. R. FULTON & CO.,
Mu N i c i P A L
171
W IN N E & W IN N E,
ffinne Building W ichita, Kansas
LA
SALLE
B onds,
STREET.
C H IC A G O .
TRANSM ISSION r o p e .
The
Investment
M
SPECIALTIES.
THE A M ERICA N
M A N U FA CTU R IN G
COMPANY
03
W A Z -h H T H K K T , M t W
YORK.
BANK VAULTS.
of Philadelphia.
North American Bldg., Philadelphia
GENUINE
C a pit al Stock
S 2 ,0 I I O ,0 « *
Surplus and Undivided Profits $ 1 JlOO.OUt
This Company undertakes the negotiation ane
issue o f loans and capital o f Companies on the Nev
Fork or Philadelphia Market, and will make advar
ces upon approved Corporate, Personal or Ro*
Estate security.
Under Its charter rights It will act as Trusts*
ygent or Manager for the control o f corporations oi
for the construction o f public or private works.
W E L D E D C H R O M E S T E E L A N D IR O N
Round and Flat Bars and 5-PIy Plates and A ngle
FOR SAFES, V A U LT S, &c.
Cannot be Sawed, Cut or Drilled, and positively
Burglar Proof.
CHROME STEEL W O R K S ,
Kent Ave., Kcap and H ooper Sts.,
Sole Mun’f’ers in the U. S. B R O O K L Y N , N, Y .
J
1 A $ A U
M
I N
SECURE
Company
C O R D A G E a CLINTON GILBERT,
S
A nd 150 Duane Street , N ew Y ork ,
2
W a l l S t r e e t ,, N e w
BANK
AND
TRUST
INVESTM ENT
CO.
Y o rk .
STO CKS
SE C U R IT IE S.
Chronicle Numbers Wanted.
Issues o f Jan. 17,1891; Jan. 14, 21, Feb. 4,11, May
18,20,1893; May 11, June 29, 1806; Jan. 4, Feb. 22,
Sept. 28, Nov. 21, 1898; Jan. 8, 1808; Jan, 14, 21, 28,
Feb. 18,1899, and Jan. 12, Feb. 2,1901.
Qu o t a t io n s u p p l e m e n t Jan., March & No v., 1901
I n v e s t o r s ’ Su p p l e m e n t Jan., 1898,1899,1900 and
1901.
Will pay 10 cents a copy for the C h r o n ic l e s and
16 cents for the Su p p l e m e n t s .
W IL L IA M B. DANA COMPANY,
76)4 Pine Street.
THE
596
CHRONICLE
[Vol. LXXIV.
ffttmtueiatf.
^ tts ttr a n c e ,
[ he First National Bank
O F F IC E O F T H E
O F SAN F R A N C IS C O , C A L .
U N IT HD 8 T A T H 8 D E P O S IT A R Y ,
Q «»lta .l, 8 1 , 3 0 6 , 0 0 0 I M u r » l« > , 8 1 , 0 0 0 ,0 0 0
A T L A N T IC
S. G. Mcnara v, President. JAS, K. L ynch , Cashier,
l it iiu Movvitt , V.-Pres. J. K. M o m w , AantCush.
General Banking Business. Accounts Solicited.
Oominerolal and Travelers’ Credits Issued, availa
ble In all parts of the world.
IN S U R A N C E
T H E A U D IT C O M P A N Y
OF N E W YORK,
FIRST NATIONAL BANK
OF
M ILW A U K EE.
P h y sic a l a n d A cco u n tin g
£
Transacts a Genera Banking and Foreign Bxoliange
Muslness. Collections receive Special Attention,
OFFICERS!
f . G. BxaiLOW, Pres't.
F. J. Kipp. Cashier.
#M. BiaiLOW. V.-Brest. T. ®. Cam p , Ass’t Cashier
H. G. Goth, Ass’t Cashier.
la m in a t io n s .
A udits an d A pp raisals w ith
Ladd 8c Tilton,
C ert i fi cat es .
HEW YORK.
CHICAGO.
ESTABLISHED IN 1859.
rra u a u ct a
G en eral
B a n k in g
CoungoTiosrs G ivbn S p u c ia l
of
th e
m ent of
C o m p a n y , su b m it
i t s a f f a ir s
B n s ln a e s
a t t u n t io w .
29 B R O A D W A Y , N. Y .
Investigations and Reports on
Electric
Railway, Gas, Electric
NEW YORK LIFE BUILDING
Light,
and
Power Transmission
CHICAGO.
Properties for Financial Insti
Public Accountants and Auditors. tutions and Investors.
D IR E C T O R S :
A . G . B e c k e r , A . G . B e c k e r & C o ., C h ic a g o .
IT. W. L ittle , V .-P r e s . P e oria G as & E le c . C o., P e o r ia .
G. A. R T T H E B .C a sh ’r N a t ’l L iv e S tock B a n k , C h icago .
J. R. WALSH, P res. C h icago N a tio n a l B a n k , C h icago .
L. A. WAI,TON, Y.-P r e s . E q u ita b le T r u s t C o., C h icago.
Fred.
M.
&
SELLS,
Certified Public Accountants,
D earborn S t„
3 0 C o le m a n
S t .,
L O N D O N , B , C,
W M . FRANKLIN HALL,
Accountant,
YORK,
BONDS
HASKINS
C H IC A G O , I L L .
A. Strassburger,
AND
LONDON C O R R E S P O N D E N T S :
J . G . W H I T E <fe C O ., L im it e d .
3 3 a C o l le g e H i l l , C a n n o n S t r e e t .
304
Broker in Securities,
STOCKS
L ig h t and
Financed
30 BROAD ST., NEW YORK.
Smith,
AUBURN, NEW
E lectric Railways, E lectric
E le ctric Pow er Plants
Designed and B u ilt.
BOSTON “ ASS’
ESl S aST a t,BSUt!de i r
BROKER.
Books audited. Examinations and investiga
tions eonduoted with the utmost
care and efficiency.
S outhern Investment S ecurities .
JAM ES PA RK ,
M O N T& O M M M Y , A I jA ,
P ublic A ccountant
A. G. Becker & Co.,
52 Broadway,
-
and
A uditor,
New York,
[ IWOOBPORATED, |
Patterson, Teele & Dennis.
C O M M E R C IA L P A P E R
8 .W . Oar.
Monroe & La
S a lle S t s ., C h ic& g*.
N O W
THE
C E R T IF IE D P U B L IC AC CO U N TA N TS.
s o B road stre e t.
N ew Y o r k .
R E A D Y .
FIN A N C IA L
l r e m iu m s o n M a r in e R is k s fro m
1st J a n u a ry , 1 9 0 1 , to 3 1 s tD e e e t o b e r , 1 9 0 1 ................
........... $ 3 , 6 0 4 , 9 1 7 6 3
P r e m iu m s
on
P o lic ie s
not
m a r k e d o ff 1 s t J a n u a r y , 1 9 0 1 .
6 9 9 , 3 2 3 61
REVIEW.
A YEAR BOOK OF FINANCIAL INFORMATION— 282 PAGES.
Includes a copy of tlie January issue of the I nvestors ’ S upplement .
Also a five-year monthly range of Stock and Bond Quotations.
B O U N D I X C L O T H ...................................................................|!iOO
B.
DANA
COMPANY,
$ 4 3 0 4 ,2 4 1 2 4
In te re st re c e iv e d
d u r in g th e y e a r .
R e n t
re c e iv e d
d u r in g th e y e a r ,
l e s s T a x e s ............
71
$ 2 7 5 ,1 0 2 1 9
5 4 ,8 8 9 8 5 '
L o s s e s p a id d u r in g
th e y e a r w h ic h
w e re e s tim a te d
in 1 9 0 0 a n d p r e
v i o u s y e a r .i -------$ 3 9 8 ,1 8 4 81
occu rred
and
w e re e stim a te d
a n d p a id in 1 9 0 1 1 ,4 5 8 ,8 5 9 4 8
$ 1 ,8 5 7 ,0 1 4 2 9
L e ss sa lv a g e s
1 1 2 ,0 3 1 9 8
R e -in s u r a n c e s
8 5 ,6 1 7 6 5
$ 1 9 7 ,6 4 9 6 3
R e tu rn s o f P r e m i
u m s & E x p e n s e s . $ 4 3 0 ,5 1 1 5 2
$ 1 ,6 5 9 ,3 9 4 6 6
T h e C o m p a n y h a s th e fo llo w
i n g A s s e t s , v i z .;
U n ite d S t a t e s a n d S t a t e o f N e w
Y o r k S to c k , C ity , B a n k a n d
o t h e r s t o c k s .........................................
$ 5 ,4 0 3 ,8 2 4
L oa n s se c u re d b y S to c k s a n d
sp ec i 1 d e p o sits in B a n k s a n d
T r u s t C o m u a n y ................................
1 ,2 9 1 ,2 3 6
R eal E s ta te , co r.
W a l l & W illia m
S tr e e ts, c o s t ... $ 1 ,0 1 7 ,0 0 0 0 0
P a id t o w a r d e r e c
tio n o f n e w b u ild
i n g ...........................
1 ,5 4 7 ,0 0 0 0 0
O ilie r R e a l E s t a t e
a n d c la im s d u e
th e C o m p a n y —
7 5 ,0 0 0 0 0
2 ,6 3 9 ,0 0 0
P r e m iu m N o t e s a n d B i lls R e
c e i v a b l e . . ............................
........
1 ,1 5 9 ,3 8 5
C a sh in th e h a n d s o f E u r o p e a n
b a n k e r s to p a y lo sse s u n d e r
p o lic ie s p a y a b le in fo r e ig n
c o u n t r i e s ...................................................
2 5 3 ,1 9 3
2 2 5 ,7 1 0
C a s h i n B a n k . . . .....................................
A m o u n t,
00
62
00
19
27
12
$ 1 0 ,9 7 2 ,3 4 9 2 0
S ix p e r c e n t in te r e s t on th e o u t s ta n d in g c c r tific a t, s o f p r o fits w ill b e p a id t o t h e h o ld e r s
th e r e o f, o r th e ir le g a l r e p r e s e n ta t iv e s , o n a n d
a lte r T u e sd a y , th e fo u r th o f F e b r u a r y n e x t.
T h e o u t s ta n d in g c e r tific a te s o f th e i s s u - o f
1 8 9 6 w ill b e r e d e e m e d a n d p a id to th e h o ld e r s
th e r e o f, o r th e ir l e g a l r e p r e s e n t a t iv e s , o n a n d
a fte r T u e s d a y , th e fo u r th o f F e b r u a r y n e x t,
f r o m w h i c h d a t e a l l i n t e r e s t t h e r e o n w i ll o e a s e .
T h e c e r tific a te s t o b e p r o d u c e d a t t h e t im e o f
p a y m e n t a n d c a n o e le d .
A d i v i d e n d o f F o r t y p e r r e n t i s d e c la r e d o n
th e n e t e a r n e d p r e m iu m s o f t h e C o m p a n y fo r
t h e y e a r e n d in sr 3 1 s t D e c e m b e r , 9 o l , f o r w h ic h
c e r t i f i c a t e s w i ll b e i s s u e d o n a n d a l t e r T u e s
d a y , th e s ix th of M a y n e x t .
B y ord er o f th e B o a rd .
1
J, H. CHAPMAN, Secretary.
ANNUAL.
W ILLIA M
D ecem ber,
$ 3 2 9 ,9 9 2 0 4
J. C. W H I T E & C O ,
Engineers, Contractors,
O F F IC E R S :
L . A. W A L T O N , P re sid e n t.
F . W . L I T T L E , T ic e -P r e s id e n t .
C. D. O R G A N , See. an d T r e a s .
H . J . D . W O D R I C H , M a n a g e r.
(M e n fb . Illin o is A s s o c ia tio n o f P u b lic A c c o u n ta n ts ).
th e f o l l o w i n g s t a t e
th e 3 1 s t o f
1901 :
I T tiB c X ta r ic m iB .
T H E A U D IT C O M P A N Y
OF ILLINOIS,
on
P r e m iu m s m a r k e d o ff fr o m 1 s t
J a n u a r y , l o o l , to 3 1 s t D e c e m
b e r , 1 9 0 1 ................................................... $ 3 5 1 2 , 3 S 9
P O R T L A N D , OREGON.
N. Y. Life Building,
N e w Y o r k , J a n u a r y 21sfc, 1 9 0 2 .
T o t a l M a r i n e P r e m i u m s ..............
BANKERS,
Queen Building,
CO.
T li e T r u s t e e s , i n c o n f o r m i t y w i t h t h e C h a r t e r
8 1 . 0 0 0 ,0 0 0
8 7 0 0 ,0 0 0
U A r lT A U
SU R PLU S AN D P R O F IT S .
MUTUAL
PU BLISH ERS
P in e Street, C orn er P e a r l Street, N ew Y o r k .
TRUSTEES;
G u s ta v A m s in o k .
F r a n c is M . B a c o n ,
V ernon H . B row n ,
W a ld r o n P. B r o w n ,
W illia m B B o u lt o n ,
Josep h H . C h a p m a n ,
G e o r g e C . C la r k .
J a m e s G. D e F o r e s t ,
W illia m K. D o d g e ,
C o r n e li u s E ld e r t ,
EC,void i- h i u i .n t u n ,
C le m e n t A . G r is e o m ,
n son W . H a rd ,
Joh n D . H e w le tt,
C h a r le s D . L e v e r lc h ,
F r a n c is H . L e g g e tt ,
L e a n d e r N . L o v e ll,
L e w is C a ss L e d y a u l,
C h a r l e s H . M a r s h a l l,
G eorge H . M any,
L e v i P. M o rio n ,
W .H . H . M oore.
F r e d e r ic A . P a r s o n s ,
H e n r y P a r is h ,
G e o r g e \V. Q n m u t r d ,
A . A R aven,
J o h n V . B ik e r ,
.1i o u g l a s R o b i n s o n .
G u s t a v 11. S c h w a b ,
W illia m C. S tu r g e s .
A A. RAVEN. President.
F. A l ’ AK S ’ NS, Pi-a- P/vki.
CORNELIUS
rurm n
c
ELDERT.
m il Voi i V
* v
.. \ .
P
t v. . -
@FedFRASER