View original document

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

fttmnrtal
nmnmti
Quotation -Supplem ent (Mth)
o ly
n
In v e sto rs S u p p le m e n t (utely
Qrr)
a

Street Railway Su p p lem en t
State and C ity S u p p lem en t^ A n aag

[Entered aooordlug to A ct of Congress, in the year 1 902, by the W i l l i a m B, D ana C o m p a n y , in the office of the Librarian of Congress.]

SATURDAY, MAY 24, 1902.

VOL. 74.

xt (&hxmxtlt.

W eek en din g M ay 17.
Clearings a t —
1902

PUBLISHED WEEKLY.

Terms of Subscription—Payable in Advance:
For One Year
. . . . . . . . . . . . . . . . . . . . . . . . . . $ 1 0 00
For Six Months........................................................................
6 00
Xoropean Subscription (including postage)................................ 18 00
European Subscription Six Months (including postage)
7 60
Annual Subscription in London (including p o s t a g e )........... A2 14 s.
SlxMos.
do.
do.
do.
............. . . A l l i s .
Above subscription includes—
B ank a Quotation supplement i street Railway Supplement
I nvestors’ Supplement
1State and City Supplement

Terms oi Advertising—
(Per Inch Space.)
Transient matter...... ....... . $4 20 Three Months (13 times) ..$29 00
STANDING BUSINESS C ARDS.
Six Months
(26 “ ).. 50 00
Two Months
(8 tim es).. 22 00 Twelve Months(52 “ ).. 8700

London Agents:
Messrs. E dwards & Smith , 1 Drapers’ Gardens, E. G., will take sub­
scriptions and advertisements, and supply single copies of the paper
at Is. each.
W I L L I A M B . D A N A C O M P A N Y , P u b lish e rs,
P i n e S tree t, C o r n e r o f P e a r l Street,

P ost Oppioe B ox 958.
C L E A R IN G

NEW YORK.
HO U SE R E T U R N S.

The following table, made up by telegraph, eto., indicates
that the total bank clearings of all the olearing houses of
the United States for the week ending to-day, May 24.
have been $2,118,877,355, against $2,844,233,953 last week and
»2,222,763,418 the corresponding week last year.
Clearings -R e tu r n s by Telegraph.
Week E n din g M ay 24.

1902.

1901.

C h lo a g o ........... ..................................................
S t. L o u l i .................................................... .
N e w O r le a n s ....................................................

11,102,025,-183
102,068,466
105,382,006
17,544,231
130,602,962
42,391,213
9,843,986

*1,259,433,980
119,455,500
86,4 6,294
18,964,803
132.564,731
27,690,751
8,230.162

-1 2 * 1
-1 4 -6
+ 2 1 '9
—7*6
4 5 -2
+ 38-1
+19 6

S e v e n o l t l e i , 6 d a y * .............................
O th er a l l l o i , 5 d a y i .....................................

11,518,758,377
260,091,017

*1,649,766,401
230,018,761

- 7 '9
+ 13'1

T o t a l a ll o lt le s , 6 d a y * .........................
A ll o l t l e i , I d a y ..............................................

11,778,849,394
340,027,981

*1,879,785,162
342,978,256

N e w Y o r k .........................................................
B o l t o n ...................... .......................................
P h ila d e lp h ia ...................................................

NO. 1926.

P. Cent

B o i t o n .........................
P r o v i d e n o e ...............
H a r t f o r d .....................
N e w H a v e n ...............
S p r in g fie ld ..................
W o r o e it e r ..................
P o r t l a n d .....................
P a ll E l v e r ...................
L o w e l l ..........................
N e w B e d f o r d ...........
H o l v o k e .......................
T o ta l N ew E n g ...
C h lo a g o ........................
O ln o in n a tl...................
D e t r o i t ..........................
C l e v e l a n d ...................
M ilw a u k e e .........
C o l n m b m ...................
I n d ia n a p o lis ...............
P e o r i a .........................
T o l e d r .........................
G r a n d R a p i d s ..........
D a y t o n .......................
E v a n s v i l l e .................
Y o u n g s t o w n .............
S p r in g fie ld , 111..........
L e x i n g t o n .................
A k r o n ........................
K a la m a s o o .................
R o c k f o r d ....................
S p r in g fie ld , O h io ...
C a n to n ........................
J a c k s o n v ille . 111.. . .

A n n A r b o r .................
D e e a t n r ........................
T o t . M id . W e s t ’n .
S a n F r a n o l s o o ......
S a lt L a k e C i t y ..........
P o r t l a n d ...............
L o s A n g e l e s ............
S e a t t l e ..........................
S p o k a n e . . . . . ..............
T a c o m a . . . . . ...............
H e l e n a ....... .................
F a r g o . . . . . ...................
S io u x F a ll s .................
T o t a l P a c if ic ...........

1901.

1002.

1900.

1899.

P . Cent.
-9 6
+84
—2-6
+ 6 -8
—4-9
—B'7
+06
+13-1
+18
+ 1 -4
+-42‘o
-8 8

(
112,008.644
6,673.100
3.220.000
1,285,002
1,219,708
1,278,430
1,044 316
078,803
499,897
S55.731
274,739
123,017,958

*
132.780.904
6.980,700
2.404,984
1.634,023
1,841,682
1,403,690
1,832 654
014,753
855,177
476,295
240,009
150.906,078

166.415 296 160,208,317
+3*9
20,801,600
20.250,400
-0 -2
9,600.000
10 241 480
-6 * 3
15.099 378
15,180 058
-3 6
7,087,807
0,082.131
+90
7 300 000
6,508 200
+ 1 2 -2
5.803 074
3.733,673
+ 4 1 -0
2 341,703
2,883 856
-1 * 8
2 805 285
2,028 515
4-7*0
1.761 863
1 467,821
+ 2 0 -1
1.657,232
1,295 076
+ 2 0 -2
1,148,682
872 958
+31*4
001,880
-t-36-7
487.198
648,699
432 919
+ 2 6 -8
519,315
494.631
+7_0
707 600
709.900
-0 '3
616,758
428 210
+206
409.992
332.703
+21 2
804.808
304,085
+ 2 9 -6
626.920
367.446
+43-3
204 974
181 286
+12*7
218 838
376.861
—41-9
214.894
197,707
+ 8*0
188.2,-8
178,263
+ 2 ’3
748 8
72.638
+ 3 ’0
100.000 + 112-7
818,715
184.240 N o t In c lu d e d In t o t
246,089.300 236,486.446
+4*1

185.966.640
14.986.450
7.932,010
11.041.923
5 482.014
5 502 200
8,438,847
1.786.442
2 021,801
1,402,609
1,008.888
958,311
819.180
424,843
442.760
415.700
586.278
408,878
242.200
287,814
167,879
876,000
184.766
131,078

127,790,162
14.300,850
8,817,185
8,930.418
5.404.078
4,769.800
2.778.945
1 042,768
1.702,623
1,104,953
1,023 103
948,915
392.192
428 049
400.059
8 09,0C0
380,003
293,466
340,370
233 151
189,820

t
150,080 074
7 585 400
8 ,7 4 8 0 1 8
1,867.888
1,642,678
1.702 297
1,415,220
974,785
638,195
638,890
415,270
109,538.465

27,948 5 34
8.420,918
2 788,131
5 443 339
8,747,521
1,675,884
1,136 951
610.084
484,810
284,288
47.108.9U1

*
165.798 914
7.316,800
2,822 539
1,739.653
1.727,286
1,824 832
1,389,019
861,567
620.706
631,049
291.775
184,805,030

24 020 643
8 439 490
2 377,220
3 112.907
2.289,101
1,196 501
1,027,255
527.586
364.616
205,000
38,610,427

+ 1 0 -4
-0 -6
+ 1 5 -2
+ 7 6 -0
+ 8 7 ‘3
+ 8 1 -7
+ 1 0 -5
-3 3
+ 1 9 -2
+14*2
+22 5

al.

65,000

195,117,915

181,844,411

2L.478 864
2.007 027
1,867.328
2,800.615
2,318 006
1,809.844
1,017,705
646,884
270,838
150,869
83.976,880

19,008.481
2.102.155
1,482,887
1,589,808
2,000.S02
1,321.599
867 200
687,647
265,070
55.709
20.850,486

18,812,985
K a n s a s C it y ...............
20,257 504
—19-6
14 985,946
12,437.550
11,340,613
9.004,791
M in n e a p o lis ...............
+18 2
8 819 914
8,290,106
-5 '4
7.162 526
6,454 080
O m a h a .........................
+ 1 1 -0
0 309.193
4 430.450
5 063.659
4 975,049
-0 -9
S t . P a u l .......................
+ 1 8 -0
4,828,881
4.644.163
4,123.349
4 300,233
D e n v e r ............. ............
-4 -1
8 781,711
8,001.897
T o t a l a l l o l t l e i f o r w e e k ................... *2,118,877,865
*2,222.763,418
- 4 7 8 t . J o B 6 p h i *••_•••••••
4 315,616
4 737,127
-8 -8
4,837,890
8.862,601
2 449 008
1,630,008
+ 6 0 -2
B e s M o in e s ...................
1,816,682
1,474 870
907,088
758,892
The full details for the week covered by the above w ill be D a v e n p o r t - .................
+81>
755,087
708,375
1,475,036
1.819,219
+ 9 -3
1.199.083
S io u x C it y , ...................
934.459
giveD next Saturday. We cannot furnish them to-day, T o p e k a ...........................
1,137,974
910,450
+238
767.877
590.060
590,915
589,855
+ 0 -2
W l o b l t a .........................
6?.0 272
584 688
clearings being made up by the clearing houses at noon on F r e m o n t ... ...................
169,096
101,808
+ 56-1
89,524
80.550
650,000
635.475
—13-6
Saturday, and hence in the above the last day of the week C o lo r a d o S p r i n g s ...
56,808,361
66.802 332
T o t. o th e r W e s t..
+ 0-01
49 276 480
40,693,070
has to be in all oases estimated, as we go to press Friday
52 894 764
50 587.280
B t. L o u i s .......................
+ 4-7
83.191.901
88 *98,757
uight.
12 467,236
10 732 070
N e w O r le a n s ..............
+ 1 0 -2
8 M25 002
7 *8* 8*7
11,178 499
9 949 309
L o n l s v l l l e .....................
+ 1 2 -4
8 883 678
7,882,029
We present below our usual detailed figures for the pre­ G a lv e s t o n .....................
8,303.000
3,287,500
-0 -4
2,072 000
2,270,100
* 3 6 4 932
vious week, covering the returns for the period ending with H o u s t o n ......................
5.463,728
+ 21-9
2,768.758
2,456,711
2,620,411
8,4b8 868
+ 37-9
S a v a n n a h ...................
2,906.808
2 004,408
Saturday noon, May 17, and the results for the correspond­ R io h m o n d ...................
4,370,745
4 064 663
+ 7 ‘8
2.907.871
3,000,497
4 096.285
3,31* 983
ing week in 1901, 1900 and 1899 are also given. Contrasted M e m p h is ........................
+23 6
2 473,848
1,986 54?
8 217,716
1 074,667
+128
At
1.539.702
1,291,142
with the week of 1900 the total for the whole oountry shows N alsahnvtial l..........................
1,676.238
1,641 243
+ 8-7
e .......................
1,009 443
1 8 7 9 ,7 1 4
1,865,707
1.428,904
a loss of 20’8 per cent. Outside of New York the increase N o r f o l k ......................
-5 -X
1,477,309
1 023.059
1,445,485
876 292
+651
A u g u s t a .........................
633,668
528,383
over 1901 is 1'9 per cent.
812,886
741,ZJ4
+-18-6
K n o x v i l l e . . , ...............
607 811
007,204
1,421,108
1,323.009
-f-T**
F o r t W o r th .................
1,118 427
800,729
1.000.000
740,000
+49 8
B ir m in g h a m ...............
718 795
022,106
We«k ending M ay 17.
617,060
432,000
+ 85-1
M a o o n ............................
436 000
427,000
920,471
566,101
+ 0 3 -6
L i t t l e R o o k ..................
432 605
402 269
1902.
1801.
100*.
1900.*
696.000
1899.
600,000
+5 0
C h a t ta n o o g a ...............
600,000
878.692
*07,700
285,000
+43 1
282.162
J a c k s o n v ille ...........
219,283
P . Cent.
1
t
*
397,072 N o t In c lu d e d In t o t a l.
- 2 0 - 0 1,003 808 479 1,246,292 980 B e a u m o n t ....................
N e w Y o r k ................... 1,498 162.070 2,129,410,350
99,192.152
1 2 1 046 122
+ 29
P h ila d e lp h ia .............. 124,57 6 664
93.283 006
+100
T o t o i S o u t h e r n ... 100,702.066
00 4 17.J-81
78 776 958
08,212,107
43.471 477
49,828,416
P lttS b U T g....................
+*•»■
3 1 8 7 6 711
28 587 221
T o t a l a ll................ 2,844,233.958 2,969,427.641
- 2 0 8 1,651 1 6 1 4 5 2 1,878,022,529
27 048 2428 851 470
—11-7
B a lt im o r e ...................
21,282.267
82,878 801
O u ts id e N . Y o r k .. 846.071,870 880.011,211
+ 1 -0 044,800.078 027.320,602
6 4 3 0 /7 8
6.520 202
-1 -6
6 702 049
B u f f a l o .........................
0.015 297
4,165,749
8 4 S3 074
+ 21 8
W a s h in g t o n ... . . . . . .
2 009 442
2 634 945
CANADA—
8 662,667
8,807.501
-b '8
A l b a n y .........................
3,202.117
8,214.919 M o n t r e a l . . . . . ............
81,560 988
20 389 839
+ 6 -7
16 821 291
15,208.193
8,030 872
3 025,489
R o c h e s t e r ...................
-0 2
2 264 650
1 898 812
6,050,312
9 802 618
1,610 290
1.874.811
+ 9-0
B y r a m a ie .....................
1,302,094
1,160.188
9,910
1 HM 4QH
1,402 410
1,602,421
+7 1
S c r a n to n ......................
1,116,807
1 024,172 H a l i f a x ..........................
1,658 426
1 ,710,048
—8*1
1,179,867
1,810.607
1,108.000
1,081 047
+ 10-0
W ilm in g t o n ...............
1,005.702
884,180
H a m ilto n ........ ..............
886,430
960 804
-7 -0
780 941
'769.065
860,600
810 000
+ 18 9
B in g h a m to n ...............
304 300
868,400 8t . J o h n .......................
832,888
768,1M
+ 1 0 -6
698 908
672 148
420 844
280 930
+60 0
C h eater
...................
801 012
820,000
V ic t o r ia ........ ...............
624 009
012 801
-2 9
702 430
531 212
417,140
+304
200,430
G r e e n s b u r g ...............
180 858
160,000
V a n o n n v a r ...............
8 6 1 134
945 001
-8 -9
860 240
780,958
878 927
786 471
+ 140
V, h e e lin g H . Va.
Q u e b e c .......... ...........
1,466 072
1,686,631
-7 -1 al.
795 121 N o t In olu d e ii In t o t al.
W llk e i B a r r a ...........
O tta w a ............................
1,834,748 N o t In olu d o d In t o ! al.
1.715,888.7/6 2 84 4.172 854
- 2 6 H 1.170 000 IM 1.401.700 734
r;
T o t a l O ai/adh . . .
48,851 208
41,621 4 /9
+10 3
81,018,700
80,2110,304

1058
OUR

THE

CHRONICLE.

[Vox. LXXIV.

was too deep and broad in its propelling forces to

RECORD
OF
B O STO N
STOCK suffer greatly from the idleness of a few hundred
E X C H A N G E P R IC E S E N L A R G E D .
miners more or less, notwithstanding it might also

Oor compilations of Boston stock and bond prices force the passing of a dividend here and there. The
have been greatly extended, and now appear in a new improving orop conditions strengthened the general
form. They will be found on pages 1078 and 1079.
situation materially. As to both Western and South­
ern productions, the outlook has appeared to be grow­
ing better all the time. An early start of the cotton
T H E F I N A N C I A L SIT U A T IO N .
orop is almost sure to result in early maturity of the
The anthracite coal strike continued to be the more orop, while what are called at some points in the West
important influence early in the week. In one respect over-abundant rains, though they may delay planting
at least it has laid bare a condition which is somewhat, are likely to end in quick germination,
in truth a revelation.
The surmise was that with a strong stocky early growth, when the seed once
with the enlarged production the surplus stocks of gets into the ground.
coal must have become large. On the contrary, the
Other favorable influences have been the growing
developments prove the existence of such a remark­
able activity in the demand during the past twelve ease in money; the decline in foreign exchange, not­
months that the coal has been consumed as fast as withstanding the lower rates for loanable funds; the
mined. This has been the verdict in whatever quar­ prospect of early peace in South Africa; the large
ter one may look. As a general rule holders have purchase here of securities on European account; and
consequently put up the price a dollar a ton, and are an early industrial revival in Europe. The latter
selling at that advance only to their customers. That seems to be assured—a sequence to the close of the
is an unfortunate state of affairs for the public, but it Boer war. As is well known, there has been a severe
is merely a natural sequence of a causeless strike. liquidating movement in progress in Europe for a
At the same time chief thought centered not long time, especially on the Continent. It had already
on existing conditions but on the possibilities run its course, and a turn upward in the tide of
held in reserve. What next ? was the engrossing affairs was evident. Industrial progress in Great
question early in the week; for the same reckless­ Britain also continued in some measure under re­
ness and disregard of private and industrial interests straint while the campaign in South Africa looked dis­
that brought the matter to its present stand threat­ couraging, at times almost unending. The lifting of
ened to call out the bituminous miners also. That this source of depression which an end to that con­
occurrence would occasion no surprise; it would only flict will bring would operate as a stimulus to
be a product of the same spirit that has incited and business activity and be widely felt.
pervades the whole scheme. The miae worker was
While the city of New York has lately undertaken
contented and making money as ne ver before when
the movement was begun to stir up strife; the agita­ to encourage the issuance of bonds of small denomi­
tors have succeeded by a bare majority vote in get­ nations, even as low as $10, it is interesting to note
ting a large department of th e people's business in­ that in certain parts of the West where the practice
terests in the present fix. Logically, according to has been tried the effort is now being made to get rid
the labor theory, the next step would be to increase of this feature. It will be remembered that at the
the crowd of idlers. Only through these oonstant last two sales of New York City bonds there were a
drafts on excitement can such a strike as this be kept number of awards on bids for only $10. At the time
up. Of course the method proposed would be suici­ we pointed out that even though the bidders for such
dal; time and time again it has proved so. But the small amounts gave a higher premium, the operation
more ignorant and least frugal of the workers—and would not pay the city because of the extra work in­
it is that section of labor that plunges the whole volved, the keeping of the accounts for a $10 bond
union into a strike—never learn anything from ex­ involving as much care and trouble and bookkeeping
as for a $1,000 bond. The $10 man must be paid his
perience.
17$ cents interest twice a year just as the $1,000 man
The influence of this crusade on Wall Street afEairs gets his $17 50 semi-annually, and it takes 100
was early in the week simply quieting; that was really of the former entries to equal one of the latter.
beneficial. Indeed, nothing could suit the temper of That is precisely the objection which is now being
conservative classes better than to extract and cool urged in the West. In Minnesota, school districts are
down the speculative spirit from the securities market allowed to borrow money from the State, and the
which has been so long rampant there. But later, State Board of Investment has permitted the dis­
developments in other matters of influence became tricts to pay back the sums borrowed in any amounts
too favorable to permit of the continuance of any con­ desired. As a consequence, so many small bonds have
siderable reactionary movement. The little decline been issued, one payable each year, that the- Board,
in prices that had taken place began to recover. This according to the St. Paul “ Pioneer Press," is how con­
arose in some measure from a more hopeful view as to sidering the advisability of fixing a minimum amount
a speedy settlement of the mine workers' strike, added in which bonds will be accepted. Ten-dollar bonds
to the feeling which had been growing that even are very oommon and the Board also holds many
if no settlement was reached the movement would bonds of $11 each and of other odd and small de­
collapse before long any way. Or, even accepting the nominations. The practice has been pursued even in
contingency of continuance, that situation had begun the case of school districts having quite a large assessed
to be looked upon as a much less serious matter than it valuation. The Board finds that the keeping of the ac­
was at first thought; for even in that case developments counts for $10 and $11 bonds with the 40 oents and
were making which showed a coal strike oould not 44 oents interest a year whioh they bear, causes a
stop the industrial prosperity, the progress under way great deal of trouble and entails rnuoh labor. It is

May 24, 1902.]

THE

CHRONICLE.

■hence thought probable that these very small denom­
inations will be allowed hereafter only in exceptional
cases. The money is loaned at 4 per cent interest,
and the pregnant observation is made that noindlvid
ual would bother with a loan of $100 at that rate, with
10 notes of $10 each given to secure it. We think in
the course of time New York Oity will come to the
same conclusion and recognize that $10 bonds under
prevailing conditions are a good deal of a nuisanoe,
especially as the attempt to popularize the bond issues
in that way has, as we have shown on previous occa­
sions, proved a flat failure, the number of small bid­
ders of this kind being really insignificant.
The kindly and considerate interest felt by railroad
managers for their employes is well illustrated by the
action taken this week by the Philadelphia & Read­
ing Railway Company with reference to inaugurating
a system of pensions for the men in its employ. The
action attracts the more attention because it comes
at a time when in another department of the Read­
ing Company’s business—we mean the mining branch
—a whole body of laborers have left their employment
without any good reason, and when, therefore, it
would not be strange if for the moment a little bitter­
ness and possibly some resentment were felt against
the entire class of wage earners. The pension system
is already in force on some other large railroad
systems, and the desire to promote the interests of
the wage earning class is so strong on the part of those
in control of our leading corporations that it is only
natural to find the Philadelphia & Readingfollowing in
the same course. Official action was taken in the matter
this week, the board of directors of the railway com
pany having on Wednesday authorized President Baer
and the Executive Committee to prepare and put into
effect a pension system to supplement the Philadel­
phia & Reading Relief Association, and to provide for
employes who cannot be reached by the Relief Asso­
ciation. It is intended that a similar pension plan
shall be adopted by all the transportation companies
which the Reading Company controls. Employes who
have reached the age of 70 years are to be retired (ex­
cept in the case of executive officers) and those who
have been 30 years in the service are to be pensioned.
All employes 65 to 69 years of age, who have been 30
or more years in the service, and who have become
incapacitated, may be retired and pensioned. The
monthly allowance is to be based on the average
regular monthly pay for ten yearB [next preced­
ing retirement, one per cent of this amount being
given for each year of service. The pension board is
also to have power, in case a faithful employe of the
company shall have received injaries which totally
incapacitate him for his regular or other vocation, to
take his case under consideration and award him such
sum as a pension for such length of time as the board
shall determine. No person is to be taken Into the
service of the company who is over 35 years of age,
though certain exceptions to the rule are enumerated.
There are also some other features of the plan into
which it is not necessary to enter here. The whole
matter furnishes a new demonstration of the wise and
beneficent attitude assumed by our large corporationB
towards those upon whom they depend so much for
their success.

1059

unofficial or open market rates at London and Paris
were steady, while they were firmer at Berlin.
The striking feature of the statement of the New
York Associated Banks last week was the reduction
of $22,908,100 in loans. This is presumed to be
largely due to liquidations of loans against stock col­
lateral which was transferred to Europe during that
week for the purpose of dlreotly borrowing upon these
securities in the London market, and it waB also due
to the settlement of some large syndicate negotiations.
There was a net decrease of $1,132,900 in cash, the
loss in specie being $1,664,600, while the gain in
legal tenders was $531,700. Deposits were decreased
$24,073,700, reducing the required reserve by $6,018,425, and the surplus reserve was increased $4,885,525
to $8,346,525. A further reduction in loans is looked
for this week as the result of additional transfers of
collateral to Europe. It is reported from Washington
that the withdrawals during the current month of
bonds held as security for national bank circulation
have amounted to $2,200,000, while the applications
already in for such withdrawals in June are $1,187,500.
Money on call representing bankers' balances has
loaned at the Stock Exchange during the week at 5£
per cent and at 2 per cent, averaging about 3 f per
cent. On Monday loans were at 5£ per cent and at 2
per cent, with the bulk of the business at 4 per cent.
On Tuesday transactions were at 4£ per cent and at 3£
per cent, with the majority at 4 per cent. On Wednes­
day loans were at 4£ per cent and at 3 per cent, with
the bulk of the business at 3£ per cent. On Thurs­
day transactions were at 4 per cent and at 3 per cent,
with the majority at 3$ per cent. On Friday loans
were at 3£ per cent and at 2£ per cent, with the bulk of
the business at 3 per cent. Banks and trust com­
panies have loaned at 3£ per cent as the minimum.
Time contracts have been more freely offered this
week, but the demand has not greatly increased, and
a moderate business is reported. Rates are 5 percent
for thirty to sixty days and 4£©4£ per cent for ninety
days to six months on good mixed Stock Exchange
collateral, the rate depending upon the character of
the security offered. Some money has been placed at
5 per cent for eight months on a choice grade of rail­
road collateral. The commercial paper market is dull,
with a light supply of bills and a moderate inquiry,
chiefly from the East, though some paper has been
sold In Western cities. Rates are 4£ per cent for
sixty to ninety day endorsed bills receivable, 4£@5
per cent for prime and 5@5£ per cent for good four
to six months’ single names.

The Bank of England’s minimum rate of discount re­
mains unchanged at 3 per cent. The cable reports dis­
counts of sixty to ninety day bank bills in London 2 f per
cent. The open market rate at Paris is lf@ l£ per cent
and at Berlin and Frankfort it is 2£ per cent. According
to our special cable from London the Bank of England
lost £316,480 bullion during the week and held £35,044,066 at the close of the week. Our correspondent
further advises us that the loss was due to the export
of £100,000 to the Cape, to shipments of £330,000
net to the interior of Great Britain and to £114,000
imports, of which £77,000 were bought in the open
market, £25,000 were from Hong Kong and £12,000
There was no change in the official rates of dis­ from miscellaneous.
count by any of the European banks this week, and

1060

THE

CHRONICLE.

Foreign exchange, after opening strong on Mon"
day, gradually grew easier, notwithstanding lower
rates for money in the New York market. The chief
cause for the easy tone was the offering of
sight drafts by arbitrage houses through whom
transfers of securities have been made for the pur
pose of employing them as collateral for direct
loans In Europe instead of their being used here as
the basis for sterling loans. There have also been
offerings of bills against purchases of stocks in this
market for European account. The resulting decline
in sight sterling seems to have had a slight sympa­
thetic effect upon long bills and also upon commer­
cial exchange. Francs have responded to the com­
paratively high rates for sterling at Paris on London,
but the fluctuations in this class of exchange have
been quite narrow. The Assay Office paid $512,176 67
for domestic bullion. Gold received at ^the Custom
House during the week, $23,623.
Nominal rates for exchange were advanced on Mon­
day to 4 85# for sixty day and 4 88 for sight, and these
were the ruling rates thereafter. Quotations for ac
tual business opened on Monday at an advance of onequarter of a cent for long and for short compared with
those at the close of last week, to 4 84#@4 84# for the;
former and 4 87#@4 87f for the latter, while cables
were three-eighths of a cent higher at 4 87f@
4 87f, and there then seemed to be a demand
for exchange for remittance by Tuesday's steamer;
sight bills were sold at 4 8725 to 4 8730. On
the following day the market grew easier, influ­
enced by the above-noted offerings of sight ster­
ling, and while there was no change in rates
for long, those for short and for cables fell off oneeighth of a cent to 4 87#@4 87# for the former and
to 4 87#@4 87i for the latter; sight sterling sold at
4 8715 to 4 8725. On Wednesday there was a still
easier tone due to additional offerings of sight bills
and rates were one-eighth of a cent lower all around at
4 84f@4 84§ for long, 4 87@4 87# for short and
4 87f@4 87# for cables ; sight sold at 4 87 to 4 8715.
On Thursday the market was quite dull, though
barely steady, and with the exception of cables, the
asking price of which was one-eighth of a cent lower,
at 4 87#, there was no change in quotations; sight sold
at 4 87 to 4 8710. The market was quiet on Friday
and the tone was easy, asking rates for long falling
one-eighth of a cent while sight declined one-eighth
of a cent for bid and asked. Sales of the latter
were at 4 8690 to 4 87. The following shows daily
posted rates for exchange by some of the leading
bankers.
FBI.,
MOST., T u b s ., WMD., t o t b ., F r i .,
May 10 M ay 19. M ay 20 M ay 81. M ay 22 May 23.
5
Brown B ro* ....... 1 60 days.
Sight....
Baring.
180 day*.
Magcran & Co.. 1 Sight....
B a n t B ritlfh
( 80 day*.
No. A m e ric a ,,. i S ight....
B a a s or
S80 days.
M ont real.. . . . . . 1 S ight....
C anadian B an* (80 day*.
o f C om m erce.. 1 S ig h t....
H eldelbaeh, ics- (60 day*.
e lheim ar & Co. 1 S ight....
LrtiEard F r e re a ... (80 days.
1 S ight,...
M erchant*' B*. (60 days.
of C a n a d a ....... ) S ig h t....

T is 5 ~ ~ ~ i 6 * ~ ~ 8 f 5 T ~ 8 5 *
4b7*
88
! 1|8
88
65 *
4 65
85*
*5*
88
88
86
4 87*
4 65
85 *
85*
t6 *
4 87>4
88
88
88
4 8 5*
86 *
8 8*
86 *
4 88
88
88
.8 8
4 85*
6 5*
86 *
8 6*
4 88
88
88'
88
4 65
85*
86 *
85*
*87*
88
88
08
4 66
66 *
6 5*
4 87 *
*
88
88
4 65*
86*
66*
4 88
88
88
“

~ ii* ~
88
86*
88
8 6*
88
6 5*
88
86*
88
85*
88
85*
88
86 *
88

8 5*
88
86*
es
65 *
88
65 *
t8
85*
88
85*
88
f5 *
88
|6 *
88

1
8
The market closed at 4 84f @4 84# for long, 4 86#@
4 87 for short and 4 87f@4 87# for cables. Commerclal on banks 4 84@4 84# and documents for pay­
ment 4 83#®4 84#. Gotten for payment 4 83#<g|4 83#,
cotton for acceptance 4 34@4 84# and grain for
payment 4 84#@4 84#. _____

[Vol. LXXIV

The following gives the week's movements of money
to and from the interior by the New York banks.
Week UnM na M ay 28, 1908,

N et Interior
M ovemsnt.

fC u tiv ti bv
H1
N . Y . B ank). N . F . B ank)

Ou rr^iu iy __, ,, T...
S o l d ,. .. . .................................. ..............

*8,648,000
1,8*1,000

*6,080,000
604,000

Gain. *3,464,000
G ain.
027,000

T o ta l gold an d legal te n d e r* .. . . .

*8,884,000

*6,788,000

G ain. *4,081,000

With the Sub-Treasury operations the result Is as
follows.
Week JBndirm M ay 23,1002,

in to
B a n k).

Out Of
B a n k).

M t Oh a n t) in
B a n k t ’aid h m .

Bank* in te rio r m o v em en t, a* above
3 ab-T rea* a ry o p e ra tio n s............... .

*0,884,000
10,600,000

*6,783 000
20,600,000

G ain. *4,081,600
Loss. 1,000,000

T o ta l gold an d leg al ten d e r* .......

120,464,000

*26,888,000

G ain. *3,081,000

The following table indicates the amount of bullion
In the principal European banks.
M ay 22, 1003.

M ay 88,1901.

B ank e!
Bold.
England _
_
F ra n c e ... ...
G erm any .....
a u M is ..........
A n*.-Hung’y
S p a in ....... .
I ta ly .......... ..
fa th e rla n d * ..
S a t Belg’m ..

£
35,044,088
102,928,018
88.758.000
74.065.000
44.213.000
14.116.000
18.076.000
4,789,510
8,174,607

Silver.

Total.

£
85,044,086
44 511,320 147,430,888
14.885.000 63.008.000
8,911,000; 82.906.000
12.480.000 68.003.000
18.622.000 82.837.000
2,208,800 18,279,800
0,849,400 11,438,900
1,687,888 4,762,000
&

Ovid.

Silver.

Totel.

£
35,880.008
97 938,011
84.003.000
70.088.000
88.801.000
14.002.000
15.124.000
5,248,800
2,635,000

£

£
86,290,008
142,371,388
49.410.000
78.012.000
49.708.000
80.682.000
17,084,400
10,970,900
4,402,000

44,438,827
15.817.000
7,329,000
10.007.000
18.080.000
1,910,410
5,722,100
1,407,010

I'ot.thi* week 383,153,248 100189883 442,353,009 314 114,819 103765327 417,830,846
T ot. prey, w ’is 830,753,892 107988087 438,788,979 318,294,340 102845811 415,139,000

THE CUBA INCIDENT,
The United States has had the gratifying privilege
this week of adding a new member to the family of
nations. In fulfilment of a pledge made April 13 1898,
by a joint resolution of the two Houses of Congress,
the administration of Cuba's affairs on May 20 1902
was passed over to its own people. At Havana, where
the inauguration took place, it was a day of unquali­
fied jo y ; all races of which that nation is made up
seemed to vie with one another in the effort to give
expression to their approval and exultation. The
decorations which were met with at every house in
every part of the city, the many arches erected, es­
pecially those at the entrances of plazas full of palms
and tropical flowers, the bunting spread on Venetian
masts so as to canopy the narrow streets from the rays
of the sun, beneath which, as elsewhere, were Cuban
colors and every sort of device or combination that
could aid in adding to or voicing the enthusiasm felt
—all together helped to make a festival day long to
be remembered.
Probably the most Inspiring scene was on the occa­
sion of the lowering by General Wood of the American
colors from the flagstaff on the roof of the Palace
and the hoisting of the Cuban flag, also done by Gen­
eral Wood, being assisted in the latter act by the Cuban
General, Gomez. Preliminary to this event crowds had
filled all the streets leading to the Plaza; and every
door and window fronting the square, as well as the
roofs of every building that commanded even a most
distant view of the flagstaff,were thronged with human
beings. When that act had been completed cheeis
and salutes came as an outburst of the uncontrollable
joy and delight of the people. Indeed, the spirit
of the festival which had Its center at Havana per­
vaded all classes in all parts of the island. From
the moment President Palma landed at Santiago and
at each city through which ho passed he received a
continued ovation.

May 34, 1903.)

THE CHRONICLE.

We have mentioned in brief these conditions merely
to emphasize the patriotic feeling and judicious spirit
under which the entire population of Cuba seems to
have welcomed and entered into their new estate. No
doubt they have got more to learn through coming
experiences before they will attain full possession of
such a government as the United States enjoys. At
the same time the past encourages hopefulness with
regard to the future; for there is no doubt truth in
the statement made by President Roosevelt in speak­
ing in his address at Oarnegie Hall Tuesday evening
as to the readiness of that people for free government
when the war closed. He said: “ Mind you, that
anarchy and ruin would have lain before the island if
we had contented ourselves with the victories of war and
turned this island loose to run for itself.”
It seems to us that all one has to do to be in full accord
with this remark is to let the mind go back to that period
in Cuban history, and to the then existing conditions—
as disclosed by the revengeful ways in practice, the
bitter animosities expressed, and the total lack of ex­
perience had of a righteous government—to convince
one of a great unreadiness for any speedier approach
to freedom than has been attained. What has been
learned in the meantime ? If there was nothing but
the value of cleanliness as a sanitary measure, and of
schools for the education of coming generations, they
would have come into the possession of knowledge pay­
ing well for the delay. These and many other advances,
too, have been gained by and through a wise, kindly
and orderly government—a daily object lesson—of
almost infinite worth to a people of no experience of
government except of the tyrranical sort.
We think the case has been very wisely handled.
Results seem to prove that.

10(>1

But neither is the eight-hour day a burning argu­
ment with this whole body of 143,000 miners. Dr.
Roberts writes of this : “ The demand for eight hours
a day concerns only half of the mine employes. The
miners and laborers are employed by contract and
form about one-half of the whole number employed;
the remainder work by the hour. However, the union
as a body demands eight hours aB a shift and the
present rate of wages.” It asks this on the ground
that labor-saving machinery has made possible econo­
mies the benefits of which the wage-worker ought to
enjoy. Nothing, however, seems to be said regarding
the actual and already granted increases in the work­
ers’ money wages. The article remarks concerning
even the eight-hour demand, however: “ This demand,
touching only the interests of one half the mine em­
ployes is not at present sustained by a force of sen­
timent that threatens a conflict if it be not con­
ceded.”
Again, as to the method of weighing coal, Dr. Rober's makes sufficiently clear what has been pretty gen­
erally understood already—that the so-called “ top­
ping” of the car is required by the operators to make
good what is known to exist of waste material in the
load beneath. On the question whether the system
as now applied is the fairest solution of the problem,,
he frankly admits, as most people would, that there
is room for difference of opinion. Were this question
alone brought up with a request for arbitration, it
seems to us reasonable to expect that the employer©
would grant it—always with a proper tribunal of
arbitration. But the matter is not now, and so far as
we know has never been, brought up as a single and
clean-cut issue.
The real motive for a good share of recent labor de­
monstrations, and we strongly suspect for this, is the
MOTIVES OF THE MINING STRIKE.
question of the organization itself. In this matter
The article in the “ Yale Review” by Dr. Peter Dr. Roberts’s words are striking and enlightening. He
Roberts of Scranton, on the anthracite coal situation, says: “ The leaders of the miners’ organization are
has been quoted to some extent in the newspapers. kept busy devising means whereby the interest of the
We think it worth while to refer again to Dr. members in the union may be maintained. Indiffer­
Roberts’s article, however, for it speaks with evident ence, jealousy and dissension are constantly invading
authority on a very perplexing question, is perfectly its ranks. During the last year, when the industry
fair to both sides in its discussion, and from the public’s was to a great extent peacefully conducted, the in­
terest flagged. About twenty per cent of the men
point of view throws light on some very dark places.
What the public has wanted to know is, what these neglected to pay their dues, and another twenty per
140,000 miners are really striking for. We pointed cent perfunctorily paid their money and took no in­
out last Saturday the astonishing manner in which the terest in the organization. When the last convention
labor leaders had withheld this information. Was it was called and the rumors of conflict filled the air,
because wages were inadequate to support living ex­ the delinquents soon fell into line. The union is
penses, or because the day’s work was too long, or only interesting to a large number of its members
because weighing of coal is practiced in alioting the when a conflict is impending.”
miners’ wages, or because the miners’ union demanded
It is easy to understand what this must lead to
recognition? All of these arguments have been We suggested last week the analogies between a de­
alleged in unofficial discussion of the past few weeks; claration of military war by a State power and declara­
but nothing has developed to give a consciousness of tion of industrial war by union leaders. The words
sure information to the public.
which we have just cited bring to mind very forcibly
Dr. Roberts’s article points very plainly to the con­ the wars declared by embarrassed public leaders or
clusion that the demonstration is really a matter of sovereigns of a restless people and declared for the
what has been called “ labor politics.” Recognition simple purpose of diverting the minds of such con­
of the union, he explains, was, indeed, general; “ the stituents from their internal quarrels. For ourselves,
143,826 mine employes,” the article declares, “ are a with every willingness to consider dispassionately such
unit on this issue.” But Dr. Roberts adds that when, real grievances as the labor unions may set forth in
under the auspices of the Civic Federation, the oper­ decent and intelligible detail before the public, we
ators consented to confer with the union leaders that have been unable from the first to divest ourselves of
consent was accepted as sufficient recognition. the belief that in the manner described it is “ union
“ Generally speaking,” he remarks, “ the employes politics” which has forced the issue.
are satisfied with this. The universal Impression "is
If this be true, the public owes it to Itself to speak
out plainly.
Labor unions may be desirable and
that recognition is no longer a burning issue.”

1062

THE

CHRONICLE.

necessary, but if continued disturbance and annoyance
of the public interest is indispensable to keep them
alive, then we should say they become something
not very far from a public nuisance. In the present
strike we think it incumbent on the union leaders to
prove the negative. It can do this only by speaking
out and saying what the miners want and why they
need it. Obstinate silence will very reasonably be
taken as confession.
This is the more true in the present instance, where
60 per cent of the anthracite miners in convention
voted against aj strike, and where the union, at the
very moment of asking from the operators a new con­
tract highly beneficial to the miners, deliberately dis­
cuss the forcing of another union to break its contract
pledges. “ Employes/3 Dr. Roberts frankly admits,
'
**■ dictate
terms to operators that are intolerable.”
Daring the year 1901, when a contract drawn In re­
sponse to increased wages was in force, he points outthat
123 small anthracite strikes occurred. This impresses
us as something not easy to describe save as outright
arrogance on the part of labor. When it is considered
that a very considerable part of the union membership—
Dr. Roberts in this confirms the recent assertion of
the “ Engineering and Mining Journal”—do barely a
half-day's work, going home at noon if the work in
their respective chambers is fairly under way—the
case demands still more criticism. Dr. Roberts sums
up the matter thus :
“ The evils which are to fall upon these comm unities in the
future will arise because men are ‘ unable to sit still in a
room .5 Local unions are not trained to discuss patiently,
adopt calmly, and execute bravely, plans for the am elioration
of m ine employes. Their m inds constantly dwell upon im ­
m ediate personal advantage, either in shorter hours of labor
or increased pay. M aterial interests seem to be the pivot of
ail th eir movements. They demand im m ediate action w ith a
view to direct personal gain. The fu tu re welfare of the
industry, the difficulties and outlays of operators, the con­
ditions of the trade, and the intellectual and m oral elevation
of the m ine employes are seldom thought of. As long as this
is the case, w hatever advantage the workm en may gain will
be only tem porary, for they do not m anifest the wisdom of
wise builders who lay deep the foundation and exercise such
forethought as w ill assure, them continued peace and
prosperity.”

There is much food for reflection in this paragraph,
“Direct personal gain” is certainly something which
every workingman has a right to seek. But has he
the moral right to seek it through coercion of his as­
sociates and embarrassment of the general public's
interests, while refusing to allege that a real and se­
rious grievance exists in his own case? Let it be
imagined what sort of picture the industrial and com­
mercial world at large would present if its employes
of every class, profession and station were to act upon
this principle,

PER VERTING “ LABOR ” IN 1 Q POLITICAL
“ ISSUES.”
Several incidents in a single day's news this week,
although inconspicuous among the more sensational
occurrences which have been claiming attention lately,
are suggestive of reflection to thoughtful readers who
look below the surface. The usual free library offer,
on the usual terms, having been made to the city of
Albany, a leading journal there criticised it as an
insult to organized labor, and the ordinance for ac>
ceptance failed of the required number of votes in
the Common Council, although having a majority of
one, the labor element being strongly against it. In
the Massachusetts Legislature, according to another

[Vol. l x x i y .

dispatch, “ the corporation lobbyists of the State dealt
labor legislation a body blow" in killing, by a vote of
two to one, the bill prohibiting the labor of women
and children at night in factories. In Congress the
House has passed, without division and without debate,
a bill requiring all contracts made with private per­
sons for Government work to contain a proviso that
eight hours shall constitute a day's work.
The significance of these incidents does not turn
solely on the precise accuracy of the statements as to
the influence at work to cause them, nor is that sig­
nificance limited to the intrinsic merits of the subjects
themselves. I t is not a matter of great consequence
whether Albany shares in the distribution of largess
for free libraries, although very singular that a propo­
sition which has been cheerfully accepted in so many
other places should be an insult to labor th ere; the
significance is that labor has taken, or is reported to
have taken, this occasion to demonstrate its power.
The textile situation in New England has been con.
fronted with changed conditions by the development
of looms nearer the cotton fields, and the factor of
labor becomes therefore a more delicate problem. The
merits of the bill referred to, said to have been unani­
mously reported by “ the labor committee” in the
Legislature, we do not now discuss; the significant
feature is that the labor men, according to the report,
accuse the corporations of lobbying against a bill
which received only a notably small vote (after having,
possibly, lobbied themselves on its behalf in committee)
and intend to move for an investigation and to black­
list Senators who opposed it.
We have also the coal strike on at present, and can­
not foresee the end of it, either in duration or in con­
sequences. The very busy condition of Industries
has kept coal consumption closely up to production,
so that there is a very small stock of coal on hand.
The railroads, obeying the law of necessity, have put
a precautionary embargo on what they could control;
retailers advance their prices, in part, for the pre­
cautionary purpose of discouraging orders beyond
immediate need; and resort to soft coal is impending,
and, indeed, has already begun somewhat. One of
the first results was that the railroads began laying
off men for whom they had no present work—
men who had no share in the strike but
were first to be hit by it; and if the mines stay idle,
the process must go on through other industries from
half time to shut-down. An imaginative and tru th ­
ful picture might be drawn, but it is needless to dwell
on the cold fact that stoppage at the coal mine means
gradual slowing and stopping of wheels in many other
directions. The Civic Federation, from which much
was hoped and is still to be hoped, has thus far failed
in this case, but its efforts to bring interests into
harmony must go on. For how long yet before
all men will have discernment to see that the
catchy motto, “ An injury to one is the concern of
all,” devised as excuse for the sympathetic strike,
is far too narrow for the whole truth ? Change
one word, and we have a broad and unassailable truth-—
An injury to one is injury to all; for such a situation
as a struggle to the death between two contestants,
capital and labor, with the rest of mankind as uncon­
cerned spectators, is purely Imaginary; there is no
such contest between two distinct interests and no
such contest is possible. The workingmen (for the
limitations of speech force us to use terms which
are themselves false and misleading) have long been

May 24, 1902.]

THE

1063

CHRONICLE.

in error—and never b o much as now—as to the ex
iatence of an antagoniam of Intereat between labor
and capital, the *‘belly and the members.” It is not
neceaaary to bring in any aentiment of brotherhood;
intelligent aelfishness ia quite enough for the case.
Suppose every man who owns a tenth of a million or
more would cheerfully dine on the fleah of a laborer,
ao far as his feelings go: it is the faot—as has been
over and over proved by the conduct of even the
hated trusts—that the capitalist knows he cannot
grind down and devour labor without bringing de­
struction upon himself. Thus far, he sees the funda­
mental identity of interests clearly, and the man he
hires does not; this is the unfortunate situation we
must strive over until we can change it, and mean­
while we must endure its ills as best we may.
There is also the factor of organization. Capitalist
and corporation have been the last to realize that
they, too, must have a defensive union on the prin­
ciple that control of business cannot be surrendered
to any outside demand, as (for instance) that the steel
mills cannot and will not require workmen to join a
workmen’s union; to employ union men, indifferently
with others, is to allow them the right to voluntarily
organize; but to boycott non-union men would be
to surrender a vital principle. The vice in labor
unionism is that the leaders see, as under present
conditions they cannot help seeing, that their personal
fortunes are in a measure dependent upon strik es; in
smooth times they are obscure and forgotten, and
peaceful arbitration does not seem to offer them ao
much eclat as does the triumphant strike. They are
thus under some temptation to be agitators rather than
pacificators, and the natural consequence is a contest
for organization’s sake. The coal strike of to-day,
ordered only by a not large majority and without any
specific grievances which have been made known, is a
case suspiciously illustrative; it has the marks of a
contest not so much to gain some special points as to
emphasize and strengthen the organization. If so,
this is another instance of making an end out of what
ought to be only a means.
The matter looks even farther. One party in the
Massachusetts Legislature, according to the dispatch,
voted solidly for the defeated bill, and it is intimated
that this will be made an issue in the next campaign.
The cost of coal will necessarily be raised by the coal
strike, directly and through all industries, so that the
whole public must suffer, just as the private con­
tractors on Government work must charge over to the
nation the extra cost which a compulsory eight-hour
day may impose upon them. How is it the affair of
Congress what sort of bargain contractors make in
the open market with the persons they hire? It is
the same old story. One party wants to “ go before
the people this fall as champions of labor,” and the
other party does not intend to permit that strategic
movement and is “ laying a good foundation for re­
pelling it.” It is all in course of maneuvering for
position. It ia in the search for “ an issue.”
But how petty and miserable is all this bidding for
“ a vote,” not now for the first time, or confined to
one place or campaign, or indulged in by one party
more than another. The solicitude is insincere.
There is no such thing, justly and properly, as “ labor
legislation." The object is not the furtherance of
any real principle, or of any public end which is
really believed in, but only to win control of a
faction.
The worst is that this attempt to make

a party division is founded on an untruth, for there
Is no “ labor,” or “ workingman,” or “ people,” in any
such separative sense; these very terms themselves are
odious because false, and ought to be shamed out of
use. The only true course for a political party is a
broad espousal of the 'public interest by support of
some real public policy whioh is honestly believed in,
or (for prudential reasons) so much so that even tem­
porary defeat is acceptable for its sake, instead of
casting about for something which can be caught up
and converted into “ an issue” by which to get through
the next elections. The time-serving habit does not
elevate our politics, and it does tend to retard or pos­
sibly to check national prosperity by fomenting dis­
sensions and divisions where there is really only a
common interest.
Certainly we are not so sanguine as to suppose that
a single article, or any moderate number of articles,
however truthful and forcible, in this or any other
journal, will speedily correct the situation. The Civic
Federation is a position in advance which must be
maintained and moved forward. There is nothing
for it but to keep at the work of explaining and
reasoning until the facts are seen as they are. The
characteristic of the demagogue is a willingness to
use any means to keep on top, but his arts will be­
come futile when the case is generally understood.

R A I L R O A D G R O SS A N D N E T E A R N I N G S
FOR M ARCH.

The compilation of the gross and net earnings of
United States railroads which we present to-day for
the month of March is of the same favorable charac­
ter as the preceding monthly exhibits. In the gross
results there is an increase of 14,346,471, or 4*68 per
cent, and in the net earnings an increase of $562,836,
or 1-83 per cent. Examined in the light of the many
adverse circumstances and conditions that controlled
the result, this is a very gratifying showing.
As was pointed out in our early review of the gross
earnings for that month, there was much interruption
from bad weather the present year, while the cotton
movement in the South, as well as the grain move­
ment in the West, fell considerably below that of the
corresponding month of 1901. In the Middle Atlan­
tic States railroad operations were greatly interrupted
the early part of the month by the serious Goods and
freshets which marked the close of February and con­
tinued into March. The anthracite coal roads par­
ticularly suffered in that way. Adverse weather con­
ditions were also encountered at different times in
other parts of the country. The effects of these dis­
turbances are naturally most evident in the net results
(for necessarily the damage done by the floods and
other like obstacles greatly added to the expense ac­
counts) and that will explain why the increase in net
earnings is so much smaller, both absolutely and rela­
tively, than the increase in gross earniDgs.
J a n u a r y 1 to M a rc h 31.
(146 ro a d s .)

M a rc h .
(120 road s.)
1002.

1901.

»
Gross e a m ’ s 07,290,101
O per. e x p ... 06,990,717

*
92,048,633
02,207,082

N e t e a m ’ s 81,290,387

80,738,651

Increase.

1902.

1901.

In crea se.

$
1
1
*
4,346,471 313,512,310 290,870,021 10,085,089
8,788,08t 217,680,860 203,952,625 13,584,841
602,631

95,075,444

92,024,096

3,051,848

It is almost needlessjto add that what gives special
emphasis to the present improvement is that it is
made on earnings which have been successively in-

1HE OHHONIOLE

1064

creased for a number of years past. la 1901 aud 1900
particularly the additions were very noteworthy, the
Increase in 1901 for Mirch having been $8,654,153 or
9'8.2 per cent in gross, and $3,877,243 or 13"41 per
cent in net, while the gain for March 1900 was
$9,627,658 or 13 31 per cent in gross, and $2,886,403
or 12*08 per cent in net earnings. The following are
rtlb>o totals for March and the three months lor a
number of years past.
Year A
A®, o f
tu a d i.
Mjuwnb.

•WSt.1331
>#1(181)
>05(130)
>06(1*1)
’07(1527)
*U8(137)
>00(123 >
*00(126)
>01(123)
*02(120)

G f o a E a rn in g sYear
G iv en .

Year
P reced in g .

«
60,500,119
47,786,231
48,890,180
62,803,083
60,603,838
05,920,850
71,822.188
81,946.008
90,788,826
07,290,104

N e t D a r n in g s
increa se or
D ecrease.

t

%

67,105,068
67,802,036
48.084,490
61,230,440
56,708,831
57.813,607
00,780,838
72,818,540
88,081,073
02,04?,088

-t-3,130,401
-9,717,703
+211,081
+1,172,014
+800,474
+8,007,163
+4,683,800
+9,027,55'+8,051,163
+4,310,471

Year
G iv en .

Year
Inereaee or
P reced in g . D ecrease.

*
18,247,8+(
14,814,000
15,104 708
16,004 800
17,002,126
21,838,910
28,570,797
20,782,183
82,78),489
31,299.887

*
16,148,520
17,719,312
16,013,010
10,061,229
10,607,389
18,045,860
21,872,718
28,895,780
28,903,190
80,780,551

%

+104,823
-2,904,000
+91,768
—46,839
+ 1,424,7e0
+3,78+044
+ 1,704,084
+2,880,403
+3,877,243
+502,830

J i m . 1 bo M a rch 31.

>03(177)
>04(170)
*03(177)
>00(178)
*97(171)
>08(168)
>90(157)
>00(131)
*01(149)
>02(116)

204 239,834
105,140,894
179,329,908
187,900,091
191,633,704
219,038,430
230,635,5:8
200,868,143
832,090,725
813.512,310

199,100,733
194,058,081
176,476,680
176,103,181
106,101,441193.631,003
220,893,721
228,312,302
295,345,496
200,871,021

+5,072,621 50,408,850
-23,917,187 47,388,101
+2,854,400 61,048.085
+11,760,910 | 55,304,256
—4,407,051 50,931,787
+ 25,610,827 07,170,006
+10,242,857 71,270,07-1
+33,085,786 83,078,383
+20,745,230 105,005,186
+10+35,080 96,975,444

60,001,741 —2,606,885
64,284,067 —0,896,800
60,283,083 +1,415,062
50,083.440 +4,711,816
65,570,727 +1,855.000
57,270,820 +9,900,670
70,836.000
+-933,112
07,809,588 +16,103,855
92,762,9561 1 2 ,313,211
+
92,924 ( 081 +8,051,848

N o te .—We no longer Include th e M exican roads or the coal m ining
operations of the anthracite coal roads In onr totals. F igures for
p reviou s years have b een revised in accordance w ith this ch an ge.

When the roads are arranged in groups there is just
one group which shows a loss in gross earnings,
namely the anthracite coal group, the reason for the
falling off on which has already been explained. The
same group also suffered a heavy decrease in net earn­
ings from the same cause. There are also two other
groups that have fallen behind in net, namely the
Southwestern and South Pacific group and the
Southern group. In both these latter instances, how­
ever, the decrease is comparatively small. Unfavor­
able weather conditions seriously affected the roads
there the same as here in the Erst. In the extreme
Northwest weather conditions were much more pro­
pitious, and hence for the group of roads in that part
of the country the showing as to net is very satisfac­
tory, amounting to almost 19 per cent.
SUMMAEY BT GROUPS.
SICEION OB
Gro u p.
M a rc h .

T r a n k lines.(IS )
A n th r a . coal (4)
Blast. & M id. (19)
M id. W e s t’n .d S
N o rth w e s t’ll (IS)
N o r th P acific (2)
S o u th w e s te rn &
S o u th Pac.i26)
S o u t h e r n .... (26)

G ross D a r n in g s .

1902.

J a n . 1 to M a r. 31
N ew E n g l’d ..(7 )
T r u n k l in e s .(15)
A n th r .c o a l..( 9)
M id d le .......... (80)
M id . W e s t’m (lS)
M o rth w e st’n (13
N o r th Pacific(2)
S o u th w e s te r n &
S o u th P a c . (20)
S o u th e rn _ (26)
_

N e t E a r n in g s .

1992.

1901.

*
*
26,806,068 25,418,193
5,167,101 6,624,83 i
2,914,425 2,791,102
7,020.742 6,803,716
13,010,514 12,142,374
6,430,629 5,794,982

7,946,435
1,257,144
902,336
2,560,892
6,147,684
2,485,217

$
7,886,124
1,733,180
878,454
2,302,140
4,334,379
2,811,002

20.841.53S 20,218,937
14,49j,O30 13.857,049

6,617,100
4,432,580

6,713,576
4,527,797

02,948,033 31,209,387

80,736,551

T o ta l (ISO r’ds) 97,280,101
M e x ic a n ......... (3)

1901.

3,006,652

2,724,370

$

1,066,481

904,245

I n c . o r D ec.

P . 0.
9
+60,311
0-76
—526,030 29-60
+23,881
2-72
+258,752 1P24
+813,405 18-76
+124,215 5-S7
—90,476
-8 5 ,2 1 7

1-44
2-10

+502,836

1-83

+132,286 17-94

There are likewise, of course, some considerable de­
creases (more numerous in the net earnings than in
the gross), but these have followed entirely from the
conditions already noted.
PhXNOIPAL CHANGES IN G R O S S DAKNINGS IN M i B O H .

I li c r c i i s c s .
Pennsylvania f . _..........
Canadian P a cific.........
Illinois Central . . . . . . .
Ohio. Burl. A Q u in c y ..
Bt. Louis A San F ra n ..
Ohio. MU. A St. P a u l..
Brand T runk......... .
Union P a cific ,..............
Chesapeake & O h io. . .
Atch. Top. A Santa Pe
Ohio. R. I. A P a o iflc...
Missouri P a cific...........
Pere M arquette......... .
Louisville & N ashville
Colorado & Southern.
M in n .S t.P .A S .S te.M .
W a b a sh ....___. . . . . . . .
Southern P a c ific ..___
Oleve.Cin.Chic.& St.L.
W isconsin C en tral___
Baltim ore & O hio.......
Norfolk A W e s te r n ....
Kansas City Southern
Hooking V alley............
Central of G eo rg ia .. . .
Burl. O. Bap. A] N o ,...

$837,900
4.53,151
2 8 2 ,6 8 2

222,947
214,012
209,464
192,231
182,546
169,708
155,548
149,000
137,416
137,140
108,132
86,889
86,241
84,248
82,434
74,573
72,698
72,098
65,779
64,797
64.028
59,206
51,855

In c re a s e s ,

Vazoo A Miss, V alley.
Reading 1 ............
Chic. Ind. A L o u is v ...
V . Jersey & S eashore.
V
Chicago A A lto n . . . . . .
A tlantic Coast Line. .
Chicago A E a st 111___
Ohio. G reat W estern..
W heeling A L. E rie....
Bangor A A ro o sto o k ..
Ctn. N ew Or. A T. F ao.
Sav. F la. A W estern ..

$49,855
49,522
48,315
42,000
40,875
39,764
39,428
87,670
35,720
38,601
81,847
81,317

T otal (representin g
47 road s)................. $4,796,197
D ecreases,

Lehigh V alley R R .*...
D enver & Rio Grande
Grand Truna W estern
E rie..................................
N. Y. Basque. A W est.

$488,921
68,822
4 1 ,799
34,711
3 8 ,975

T otal (representing
5 roads)............ ..

$669,728

* D oes not inolude resu lts for Lehigh V alley Ooal Co., wliioh la tter
show s a decrease of $364,465.
t Covers lin es direotly op erated e a st and w e st o f P ittsb u rg and E rie.
The gross on E astern lin es (Including Buffalo A A llegheny V alley
D ivision) increased $ 4 4 7 ,2 0 0 and th e gross on W estern lin es in ­
creased $390,700.
1 These figures are for th e R ailroad C om pany; the Coal A Iron Com­
pany reports a decrease o f $ 2 7 1 ,034.
PBINOIFAL CHANGES IN N E T EABNINGS IN M A R C H .
Hm
gn u
In c re a s e s .

Ohio. Rook I. & Pacific ‘ $387 ,3 4 2 W. J ersey A S eash _
_
$ 3 0 ,1 0 0
A tch.Top. A S a n ta Fe.
306,199
Grand Trunk S ystem .
205,371
T otal (representing
Ohio. Burl. & Q u in cy..
167,986
20 road s)................. $ 2 ,150,698
Ohio. Mil. A 8t. P a u l..
126,482
Missouri Paoiflo...........
124,929
D e c re a se s.
Canadian Paoiflc.........
106,579 Lehigh V a lley R R *______________ $605 ,3 0 1
Chesapeake A O h io ..
93,441 Southern Paoiflo S y s ..
3 8 1,450
Reading i ......... ................
9 0 ,552
Southern R a ilw a y ....
214,986
Pere M arquette......... .
85,864 Baltim ore A O hio.......
180,391
A tlantic Coast L in e ...
85,398 L ouisville A N a sh v ille
7 0,797
Bur. Oed. Rap. A N o..
72,852 Denver A Rio Grande.
67,881
Illinois C entral.............
46,735 Seaboard Air L ine—
5 5 .9 9 7
Minn. St.P. A S.Ste M ..
43,043 Nash. Chat. A St. L ouis
53,825
Wabash.................................
41,513 Louis S o u th w est. ..
St.
50,366
Kan. City S o u th ern ...
38,739 Buffalo Roch. A P itts .
38,070
Chic. In d ’s & L ou isv..
32,751
Yazoo A Miss. V aR ey.
32,472
T otal (represent­
in g 15 r o a u s,... $ 1 ,7 1 9 ,0 6 4
W isconsin C entral—
3 2 ,360
* Does not include results for Lehigh V alley Ooal Company, which
la tter shows $114,774 decrease.
t These figures are for the R ailroad C o m p an y; the Coal A Iron Com­
pany reports a decrease of $ l14,816.

ITEMS ABOUT BANKS, BANKERS AND TRUST CO ’S.

—The pnblic sales of bank stocks this week aggregate 652
shares, of-which. 214 shares were sold at the Stock Exchange
and 433 shares at auction. The transactions in trust com­
pany stocks reach a total of 150 shares, The first sale at
auction of the new stock of the Seventh National Bank was
made this week at 136>£. Mutual Alliance Trust Co. stock
was also sold for the first time this week, the price paid being
348K. The only sales reported in the “curb” market were
of Trust Co. of the Republic stock at 200 and Williamsburg
Trust Co, stock at 220,
Share*.

Banks—New York.

20 A m erican E xeh. N at. B an k ___
4 Broadway Bank, N a tio n a l. . . . .
200 Chatham N ational B a n k . .. .. ..
*189 City Bank, N a tio n a l..........
38 Commerce, Nat. B ank o f . . . . . . .
10 Corn E xch an ge B a n k .... ........
5 0 German A m erican B a n k .......
50 New York, N, B, A,, Bank o f . ..
40 O riental B a n k ...........................
J26 Park Bank, N a tio n a l................
25 Seventh N ational Bank . . . . . . .

Price.

Last previous sa le .

275
327*s
34©
6 )0 -6 2 5
3 4 9 7s
461*4
165
35 i
2231a
645-653
136)8

May 1 9 0 2 May 1 9 0 2 —
Jam 1902 —
May 1 9 0 2 May 1 9 0 2 May 1902—
Apr. 1 9 0 2 May 19 0 2 Jam 1 9 0 3 Apr. 1902—
F irst sale.

265
120
110O
34814
248

May 1 9 0 2 - 265
Apr. 1 9 0 2 — t33
May 1902—1,100
F irst sale.
May 1902— 256

275
391
3801s
640
365
464
157*8
350
225
640* b

Tbust Companies—Neiv York.

17,737,623
85,695,254
18,082,049
8,776,635
22,561,750
S7,603,723
18,668,823

16,601.82:
+270,406 6-10
4,638,963 4,368,562
81,5:3,803 24,837,651 24,500.848
+886.803 1-37
19,878,890 6,318,562 0,349,131 -1,030.571 16-23
8,414,07
+16.653
0-75
2.098,218 2,08 ,66)
2O,803,77r
7,299,875 7,006,721
+283,154
4-18
34,845.881 13,592,000 11.685,080 +2,000,920 17’83
16,934,410 7.343,770 5,974,832 +1,809,388 23-02

61,203,173' 58,393,604
42,384,327 40,430,207

17,411,494 17,680.159
13.4S4.906 13,870,646

-208,665
+58,200

T o ta l ( I 4 5 r ’ds) 313,512,810 ;93,870,621

96,975,444 9j,924,O90

+3,051,348

3-28

+414.37

16-43

M ex ican — (3)

[V ol. LXXIV.

8,515,068

7.752,911

2,935,700

2,521.389

1-52
0*43

In the case of the separate roads we have a very
large number of increases and for quite considerable
amounts. This applies particularly to the gross earn­
ings, but is also to an extent true of the net earnings.

100 Amerioa, Trust Co. o f . . . . . . . . . .
5 H olland Trust C o . , . . . . , . . . . , . . .
10 Morton Trust C o . . . . . . . . . . . . . . .
1 0 Mutual A llianoe T rust C o .....
2 5 Van Norden Trust C o ..............

* Sales at th e Stock E xchange, t Of this 25 shares w ere sold at th e
Stook E xohange at 645. t Closing up its business,

—The bankers of Kansas and Missouri, and of the Indian and
Oklahoma territories, who at the ioint convention in Kansas
City, Mo. (as noted in these columns last Saturday), adopted
resolutions against branch.banking, took no action on the
question of “Assets Currency,” It is understood that a joint
session will not be held next year, but that each association
will meet within its own territory.
—The Chatham National Bank of this city had a balance
at the Clearing House yesterday of only 10 cents. Its credit

May 24, 1902.J

THE

CHRONICLE

item s aggregated $6(51,847 11 and its debit item s $661,847 01,
leaving the difference noted. N o such sm all balance, it is
stated, has been recorded since May'1873. On one occasion
as far back as 1863 there was an instance of a difference of
only one cent.
—In reply to numerous inquiries, Charles H. Treat, Col­
lector id1 Internal Revenue for the Second Collection District
of N ew York, states that bankers w ill not be required to
pay special taxes this year on bank capital and surplus, the
provisions of the War R evenue A ct relating to these taxes
having been repealed, to take effect July 1. These taxes w ere
com puted on the basis of the ca p ital'an d surplus employed
as capital for the fisoal year preceding, and w ere payable at
the beginning of the new year. The taxes w ere $50 for
am ounts of capital not]exceeding $25,000 and $2 per $1,000 for
each additional $1,000 in excess of that amount.
—John A. McCall and Charles W. Harkness w ere on
W ednesday elected trustees of the C ontinental Trust Co. to
fill vacancies.
—The stockholders of the National City Bank w ill m eet on
June 2 to vote upon the proposition for an increase of the
capital from $10,000,000 to $25,000,000, and o f the surplus
from $7,500,000 to $15,000,000, as noted in this departm ent
April 26. The transfer books of the bank w ere closed on
Friday of this week, they w ill reopen June 3 and again close
June 4, after w hich all transactions in the stock w ill be “ ex ­
rights.” On June 17 the subscriptions to the new stock w ill
be received and on the follow ing day the transfer books w ill
reopen; paym ent for the new stock m ust be m ade by July 1.
Stockholders w ill have the privilege of subscribing for one
share and a-half of new stock at $150 per share for each share
of their present holdings.
—The directors of the Southern Trust & Banking Co. and
the Hibernia N ational Bank of N ew Orleans have voted in
favor of a merger of the tw o in stitu tions, w ith a capital of
$1,000,000 and a surplus of $2,000,000. The Southern Trust Co,
recently absorbed the U nion N ational Bank of N ew Or­
leans. In case the necessary legislation can be obtained, the
merger is to be under the name of the H ibernia Bank & Trust
C om pany; otherwise it is to be under the name o f the H i­
bernia N ational Bank. For every share they now hold the
stockholders of the H ibernia N ational are to receive T4285
shares in the new corporation, w hile the Southern Trust &
Banking stockholders w ill r e c e iv e ‘5715 of a share. Mr. J,
W . Castles, President of the Hibernia N ational Bank, is to be
made President of the Southern Trust & Banking Company,
and w ill also be at the head of the proposed new com pany,
w ith Mr. Charles Palfrey as Cashier. It is understood that
even if the am algamation is voted by the stockholders, the
Hibernia N ational w ill continue to do business under its own
name and in its own building for a w hile longer.

dividends.

1065

It was announced on Wcdftesday that the syndi­

cate of w hich the Trust Co. is a member had secured con trol
of the bank, and that this purchase com pletes a chain of
banks em bracing in stitu tions in College P oint, Flushing,
Elmhurst, Richm ond H ill, Far Rockaway and R ockaw ay
Beach having total resources of about $3,000,000.
—The new Northern N ational Bank of this t ily , located at
Broadway and Fourth Street, opened for business cn Monday
under very auspicious circum stances, the officials’ rooms
being sim ply a bower of roses. The President, Mr. Frank C.
Mayhew, has a host of friends, having lately resigned aa
President of the Broadway Branch of the Corn E xchange
Bank, and having form erly held the sam e position w ith the
Bowery Bank.
Mr. Charles G. Balm anno, Cashier, w as
previously connected w ith the M echanics’ Bank of B rooklyn,
—The Schenectady Trust Company of Schenectady. N . Y .,
expects shortly to be ready for business, authority having
been reciived from the Superintendent of Banks last w etk .
Some decidedly influential men are interested in the com ­
pany, am ong others Mr. Charles T Barney and Frederick L„
Eldridge of the Knickerbocker Trust Company of this city ;
Mr. G. L. Boissevain of this city, Julian M. Gerard of th is
city, P lin y Fisk of Messrs. H arvey Fisk & Sons, John D.
Parsons Jr., President of the N ational Exchange Bank o f
A lbany and of the A lbany Trust Company; A . Foster H ig ­
gins, President of the R io Grande Sierra Madre & P acifie
Railroad, as w ell as parties identified w ith the General E lec­
tric Company.
—Mr. W illiam P. Haw den, Jr., has been elected Secretary
of the Montclair Trust Company of M ontclair, N. J ,
—An increase in the capital of the Fourth N ational Bank
of Boston from $750,000 to $1,000,000 has been voted by the
stockholders. The additional shares, 2,500. w ill be disposed
of pro rata at $125 per share to stocholders "of record May 7
1902, their right to subscribe expiring on June 6 1902.
F ifty per cent of the am ount due for the stock m ust be p a id
in on Ju ly 1 1902, and the balance not later than Septem ber
30 1902. The prem ium realized by the sale w ill be added to
the surplus.
—The resignation of Mr. Oliver M. D ennett as Treasurer c f
the Beacon Trust Company of Boston has necessitated several
changes in the officials. Mr. Harry M elville Taylor has been
appointed A ctin g Treasurer and Mr. Benjam in Dobson, A s­
sistant Treasurer.
—Mr. Oliver P. Cornman has been selected as A ssistan t
Treasurer and Mr. Sam uel W oodward as A ssistant Secretary
of the Philadelphia Savings F un d Society of P hiladelphia,
recently created offices in that company.

—Mr. Jam es Y. W atson, now in his 85th year, has relin­
quished the P resides cy of the Consolidation N ational Bank
—Howard H. Henry, the Stock E xchange m em ber of the of Philadelphia. Mr. W atson had been at the head of the
firm of Henry Bros, & Co., w hich recently suspended, was institution, originally a State bank, since its organization 47
restored to membership on Thursday by the G overning Com­ years ago. He w ill continue as a director and w ill also rep­
m ittee. The affairs of the firm are reported in a satisfactory resent the bank this year in the Clearing House, The Con­
solidation N ational’s new President is Mr. Horace T. P otts.
condition and all its obligations have been m et.
—The N ational Bank of N orth Am erica w ill to-day (Satur­
day) remove from its offices, at the corner of N assau and
Cedar streets, to the quarters of the old Bank of the State cf
N ew York, w hich institution it absorbed. The bank w ill
occupy the main and also the second floors of that building,
corner of W illiam Street and Exchange Place, u ntil the new
bank edifice on Exchange Place, extending through to W a ll
Street, shall be completed.

—Since the increase in the directorate of the Trust Com.
pany of N orth Am erica of Philadelphia in Feb. 1900, that
institution has been steadily advancing and show s a marked
im provem ent in its line of deposits. In February 1900 th e
deposits w ere about $1,000,000, w hile they now reach a total
sum of $3,010,C O The officials consist of A dam A. S tu ll,
O.
President; Thomas Robins, Vice-President, and H enry G.
Brengle, Secretary and Treasurer.

—A report w as current on Tuesday that efforts w ere being
made to secure control of the stock of the H ide & Leather
N ational Bank, and that the interests of Charles A. Schieren
had been bought. This report was denied, though it was said
that an offer had been made for a controlling interest in the
bank. President Ram say asserted that there w as no proba­
b ility that control could be obtained.

—The death is announced of Dr. A llen H . H ulshizer, V icePresident and director of the Industrial Trust, T itle & Sav­
,
ings Company of Philadelphia. Dr. H ulshizer w as also on©
of the board of the N inth N ational Bank of Philadelphia.

—The Philadelphia Stock Exchange w ill be closed on May
30, Decoration Day, and also on Saturday the 31st, the same
as our Stock, Cotton and Produce Exchanges and also the
Boston Stock Exchange.
—The Long Island Trust Co. has arranged to buy a con­
trolling interest in the Flushing Bank, offering to pay $5G0
per share for not less than 53 per cent of the stock. The
bank is in a prosperous condition, paying 10 per cent annual

—The Comm onwealth R eal Estate & Trust Company of
Pittsburg, w hich w ill be form ed by the consolidation of the
Commercial N ational Bank and the firm of Messrs. W . A,
Herron & Sons, is to have a capital of $1,500,000. P aym ents
on the stock (w hich w ill be put out at $200 per share) w ill
be made at 25 per cent m onthly, beginning June 1. Mr. John
W. Herron, it is understood, w ill be President; Sam uel
Bailey Jr., Vice-President; A. J. K elly Jr., Secretary, and
George D. Edwards, Treasurer. The stockholders of th e
Commercial N ational w ill m eet on June 17 to arrange deails of its liquidation.

1066

1HK CH RO N ICLE.

—The stockholders of the Peopled Savings Bank of P itts­
burg w ill shortly be asked to ratify the proposition of the
trustees to increase the capital from 1800,000 to |600,000. An
addition of $800,000 w ill be made to the surplus (at present
$400,000) as the new issue, par $100, w ill be put out at $800
per share. The officials of the bank are Mr, D. McK. Lloyd,
President; Thomas W ightm an, Vice President; Edward E.
Duff, Secretary and Treasurer, and J. K. Duff, Assistant
Secretary and Treasurer.
—A safe deposit department is to be added to the Pittsburg
Trust Company’s (of Pittsburg) business, and a modern fire­
proof vault installed in the building.
—The merger of the City Trust and Colonial Trust compa­
nies of Pittsburg was approved by the stockholders this
week, the former acting on the proposition on Tuesday and
the latter on Thursday. The terms and method of consoli­
dation, as given in a circular published in the Pittsburg
papers, are as follows,
A ah are of the etoeh of th e Colonial T ru st Com pany for a share of
stock of the City Tr ust C om pany and $30 p er share In oash to he paid
to the Colonial T ru st Com pany. The c ap ital stock of th e consolidated
com pany will he $2,000,000, or $1,500,000 lo r the present Colonial
T ru st Com pany and $500,000 for the City T ru st Com paay. M. K.
MoMuliin holds options upon the stock of the City T rust Com pany
which req u ire him to deliver to th e stockholders of th a t com pany
3,500 shares of the consolidated oom pany (valued a t $250 p e r share,
the original subscription price), a nd $375,000 In cash. To ra ise th is cash
he proposes to offer to th e p re sen t stockholders of the Colonial T ru st
Oom pany, In proportion to th e ir holdings, the 1,500 shares of th e con­
solidated com pany rem aining In his hands a t $350 p e r sh a re, w hich
w ill raise $525,000. A fter paying th e City T ru st Com pany stock­
holders $375,000, he will have left $150,000 (equal to $30 p er sh are to
he p a id on the 5,000 shares allo tte d to the City T ru st O om pany),
which he w ill p a y In to be added to th e surplus fund of th e Colonial
T ru st Com pany. By th e acquisition of th e a ssets of th e City T ru st
Oompany th e new capitalization of th e Colonial T ru st Com pany will
be as follow s: $2,000,000 c ap ita l and $3,150,000 su rp lu s.”

—Forty per cent of the new 5,000 shares to be issued by
the Union Trust Company of Pittsburg w ill be allotted to
the present shareholders, and in order to interest other de­
sirable capital, the rem aining 60 per cent w ill be sold to out­
siders at not less than $1,000 per share. The company is also
prom oting the organization of a new bank—the Union Sav­
ings Bank—w hich w ill have a capital of $1,000,000 and w ill
locate in the Frick Building. The same directors w ill serve
both institutions. The Union Trust Company’s stockholders
w ill vote on the increase in capital on Tuesday next.
—The m eeting of the stockholders of the Diamond National
Bank of Pittsburg, called for the purpose of acting on an in ­
crease in the capital stock from $200,000 to $500,000, w ill be
held on W ednesday, June 4.
—For the purpose of taking over the Third National Bank
of A llegheny, Pa., the Allegheny Trust Company of A llegheny
w ill increase its stock from $500,000 to $700,000, the stock­
holders at a m eeting on Monday approving the proposed
issuance of new stock. The shareholders of the bank w ill
receive $252 50 per share in cash, or one share of Trust Com­
pany stock and $112 50 in cash, for each share now held.
This w ill be the second institution taken over by the
A llegheny Trust Company since its organization last fall—
the other being the N ation’s Bank for Savings.
—Mr. J. B. Shea has been elected V ice-President of the
N ational Bank of W estern Pennsylvania, Pittsburg, to s u c ­
ceed Mr. Frank Semple.
—The capital of the Sharon Savings & Trust Company of
Sharon, Pa., has been increased from $125,000 to $300,000.
This addition is made necessary on account of the absorption
by it of the Sharon National Bank, organized in 1875 w ith a
capital of $125,000.
—The authorized capital of the U nited Banking & Savings
Company of Cleveland has been increased from $100,000 to
$500,000. Designs for a new five-story building which the
institution intends to erect are now being subm itted to the
company,
—Mr. Thomas W . Latham, Cashier of the Century N a­
tional Bank of Cleveland, now consolidated w ith the Colonial
National Bank of Cleveland, has been elected a member of
the board of directors of the Colonial, in the management of
w hich he w ill take an active interest. The Century Na­
tional’s liquidation has practically been completed. Its
stockholders have already received a dividend of 80 per cent,
and it is expected that a further dividend of 20 per cent w ill
be paid w ithin the next six months.

[VOL. LXXIV.

—The statement of the Fifth N ational Bank of Cincinnati,
Ohio, for April 80, 1902, shows the business of that in stitu ­
\
tion to be rapidly expanding. On October 6, 1896, the total
1
of
< deposits was but $946,524, Two years later, September
20,
! 1898, the amount had advanced to $1,376,581. On Septem ­
ber 5, 1900, the figures stood at $2,757,188. Now (April 80,
1902) the aggregate of deposits is $3,537,485. The bank is
under the m anagement of Mr. Charles A. Hineeh, President;
James M. Glenn, Vice President; Thomas J. Davis, Cashier,
and Edward Seiter, Assistant Cashier.
:
—The m eeting of the stockholders of the Central Trust &
Safe Deposit Company of Cincinnati, held on the 19th in st.,
i
was favorable to the proposed increase in capital. The new
stock, 2,500 shares, w ill be issued on J u ly 1. Ome-half w ill be
i
sold to the present stockholders and the other half to out­
siders at the uniform price of $150 per share. The capital
w ill thus be enlarged from $250,000 to $500,000 and the sur­
plus from $60,000 to $185,000.
—Preparations for the consolidation of the Provident Sav­
ings Bank and the Provident Trust Company of Cincinnati
are now being made. The institutions were organized the
latter part of 1900 with a capital of $250,000 each, the same
officials serving both. The merger w ill be effected under
the name of the Provident Savings Bank & Trust Company,
the capital being increased to $500,000. The stockholders w ill
ratify the consolidation on May 27.
—A bank is shortly to be established in Norwood, Ohio, a
suburb of Cincinnati, principally throngh the efforts of Mr.
Charles A. Hinsch, President of the F ifth N ational Bank of
Cincinnati; Mr. W illiam R. Collins, the V illage Attorney,
and other prominent citizens in that locality. The Comp­
troller has already approved the organization of the institu­
tion, to be known as the First National Bank of Norwood
and capitalized at $100,000.
—The Central Trust Company of Illinois, President Charles
G. Dawes’s new Chicago company, w ill, about June 20, occupy
the quarters on the corner of Dearborn and Monroe streets
so long the home of the Chicago National Bank.
—The Union Trust Company of Chicago has taken posses­
sion of its spacious and beautiful quarters in the new Tribune
Building, corner Madison and Dearborn streets. The floor
area occupied is nearly 7,000 square feet. The fittings are in
green Georgia marble and fluted mahogany, w ith handsome
tiled floor and abundant light. The officers of the company
are: S. W . Rawson, President; F . L. W ilk, Vice-President;
F. H. Rawson, Vice-President; G. M. W ilson, Cashier; F .P .
Schrieber, Assistant Cashier.
—The Germania Trust Company of St. Louis has made the
proposed reduction in its capital from $2,000,000 to $1,000,000, as w ell as in its surplus, w hich latter is now also $1,000,000. Mr. Thomas H. W agner becomes Secretary of the com ­
pany on June 2. It w ill be remembered that a month or so
ago the officials of Germania and the Colonial Trust compa­
nies had under consideration the consolidation of the two,
but the plans never matured.
—The convention of the Mississippi Bankers’ Association,
which continued for two days (May 14 and 15) in McComb,
was opened w ith an address by Mayor O. B. Quin, VicePresident of the McComb City Bank. In the E xecutive Com­
m ittee’s report, read by the Chairman, R. L. Bennett, Presi­
dent of the First National Bank of Yazoo City, Miss., the
questions of cotton insurance and cotton warehouse certifi­
cates were recommended for consideration by the associa­
tion. Several important topics w ere discussed at the m eet­
ing. “ State Bank Supervision” was one of these, and was
the subject of Mr. J, T. Thomas, Cashier of the Grenada
Bank of Grenada, Miss. “ The Financial and Commercial
Future of South Mississippi” was treated by Mr. W . S. Pettis,
Cashier of the Bank of E llisville, of EUisville, Miss. Mr. B.
W. Griffith, Secretary of the association, and President of
the First National Bank of Vicksburg, gave his view s on
“ The State Revenue Agent; His Past, Present and F utu re.’’
“ Trucking and Its Relation to Banking,” by Mr. A. Lot ter hos, a director of the Bank of Commerce of Crystal Springs,
and “ Cotton Insurance,” by Mr. Edwin MeMorries, Cashier
of the First National Bank of Meridian, Miss., also formed
part of the proceedings. Mr, J, J. W hite, President, of the
McComb City Bank of McComb has been chosen President
of the association; Mr. J. T. Thomas as Vice-President,

May 2 , 190
4
2,]

THE

w hile Mr. B. W. Griffith was re-elected Secretary.
year the m eeting w ill be held in Hattiesburg.

CHRONICLE
N ext

—Mr. George B. Ward of Messrs. Caldwell & Ward,
bankers, of Birm ingham , A la., has been elected Manager of
the Birm ingham Clearing-House Association.
—The com pletion of the new building of the First National
Bank of Montgomery, A la., is cause for particular gratifica­
tion on the part of the officials. It has been erected on the
site of its old home on Commerce Street and has been splen­
didly equipped. Special pride is taken in the safety deposit
vaults, a new feature of the bank’s business. Mr. A. Mt
Baldw in is President and Mr. J. C. Stratford A ssistant
Cashier.
—The statem ent of the W ashington N ational Bank of
Seattle, W ash., w hich has just come to hand, furnishes an
excellent illustration at once of the grow th of this wellm anaged institution and of the city of Seattle. On Sept. 30,
1897, the deposits of the bank were only $838,790. On Sept.
30, 1899, they were $2,116,452, and on Sept. 30, 1901, they
showed $3,159,664; the surplus and profits on this latter date
were $194,878. The new statem ent now gives the deposits as
$3,355,021, or a gain of nearly $2,500,000 in less than five
years. The surplus and profits are now $236,329, a gain of
$41,451 in about seven months. The officials consist of M.
F. Backus, President; E. O. Graves and W . H. H. Green,
Vice-Presidents, and Charles S, Miller, Cashier.
—A more than ordinarily interesting convention is a n tici­
pated by the W ashington State Bankers’ A ssociation at this
year’s session to be held iu Ssattle on June 19, 20 and 21.
Two excursions have been arranged, one to Snoqualm ie
F alls and another to the P uget Sound N a v y Yard. Mr. J.
E. Dyer, President of the E xchange N ational Bank of
Spokane, is President of the A ssociation.
—That Spokane, W ash., is forging ahead at a noteworthy
pace has been evidenced recently in the city's figures of bank
clearings. The deposits of its various financial institutions
also furnish additional proof of this prosperity. Mr, R. L,
R utter, Secretary of the Spokane & Eastern Trust Company
of Spokane, has favored us w ith a table show ing the advance
in this particular since 1895. In May of that year the aggre­
gate of deposits in Spokane was but §1,042,642. By May 14
1897 $2,451,393 had been accum ulated. In A pril of the years
of 1899, 1900 and 1901 the am ount hovered around $5,000,000,
the figures in 1900, at $5,719,494, being the highest. This
year, on April 30, the am ount w as $7,166,081.
—The new ly organized City and County Bank of San
Francisco w ill begin business about Ju ly 1 w ith Mr. A. J
Lowenberg as President, L. V. Merle, V ice-President, and A t
Tonn, Secretary and Cashier.
—The statem ent of the Chartered Bank of India, Australia
and China as of December 31st last shows a profit and loss
surplus—after transfer to reserve fund, paym ent of dividend,
etc.—of $200,520; capital and reserve now aggregate $7,250,000, an increase of $375,000 over that previously reported,
and fixed deposits are now $23,132,660. The head office of the
bank is at H atton Court,Threadneedle Street, London, and an
agency w ill shortly be established at 16 E xchange Place, N ew
York, in charge of Mr. G. Bruce W ebster, one of the bank’s
own officers. In the m eantim e business w ill be transacted as
usual through the present agents, the Canadian Bank of
Commerce, at the same address.
—The increase from $125,000 to $250,000 in the capital of the
V alley Trust Company of P ittsburg voted by the stockhold­
ers w ill be offered to the latter at $135 per share.
—W e have been favored w ith a photograph of the archi­
tect's perspective of w hat is to be the permanent home of the
M ercantile Trust Company of San Francisco, to be located
on California Street, between Montgomery and Sansome
streets. The building, now undergoing construction and to
be ready for occupancy by January 1908, w ill be a fitting
place for this grow ing institution, to w hose exclu sive use it
is to be devoted. The banking room w ill be the fu ll height
of the building above the ground floor. The basement w ill
contain burglar proof vaults of modern construction and
commodious accommodations for the com pany’s patrons.
A lthough but three years old, the bank shows deposits on
A pril 30 of $3,364,828. Its m anagem ent is made up of Mr.
Frederick W . Zeile, P re sid en t; N. D, Rideout, V ice-Presi­
dent, and John D. M cKee, Cashier.

10(57

IMPORTS A N D E X P O R T S ’ OF (IOLD AND
S I L V E R A T SA N FRANCISCO.
The C o lle cto r o f C ustom s a t Han F ran cisco has furnished
us this w eek th e d e ta ils o f im ports and exp orts o f gold and
silv er th ro u g h th a t p ort fo r the m onth o f April, and
they are given b elo w in co n ju n ctio n w ith th e figures for
preceding m on th s, th u s co m p letin g the resu lts for the
ten m onths of the fiscal year 1901-02. The im ports of gold
were very m oderate, reaching only $157,093, of w hich
$13,768 w as in coin. Of silver th ere cam e in $188,078, of which
$187,895 was b ullion. D arin g the ten m onths there was
received a to ta l of $12,619,652 gold and $2,582,548 silver,
w hich com pares w ith $24,016,173 g o ld and $2,679,155 silver
in 1900-01.
The sh ipm ents of g o ld d uring A pril were
only $4,439 coin, and the exp orts of silv er have been
$322,052, of w h ich $13,052 was coin. F or th e ten m onths the
exports o f gold reached $768,154, again st $156,239 in 1900-01,
and $7,393,583 silv er w as sen t ou t, a g a in st $6,970,876 in
1900-01. The ex h ib it for A pril and th e ten m on th s is
as f o llo w s :
IMPORTS OP GOLD AND SILVER AT SAN FRANCISCO.
GOLD.

SILVER.

M O N TH S.

O oin.

1901-02.
J u l y _ __
_
A u g u st—
Septem ber
O c to b e r...
November.
D ecem ber.
J a n u a ry ...
F e b ru a ry ..
M aroh.......
A p ril.........

B u ll i o n .

$

$

17,823
1,465,926
4,874,768
2,446,046
2,824,195
251,475
3,454
47,290
25,825
13,768

T o ta l.

42,862
84,873
150,057
58,491
535,459
48,287
43,090
5,139
37,499
143,325

O oin.

B u llio n .

$
$
60,685 109,347
1,550,799 118,232
5,012
5,024,825
5,207
2,504,537
2,859.654 106,088
299,762 44,647
46,544
3,930
52,429 67,799
3,370
63,324
183
157,093

T o ta l.

$

272,978
220,686
159,818
420,876
211,198
259,505
88,879
131,075
165,823
187,895

" a l.3 2 5
338,918
164,830
4z. 3,083
317,286
304,152
92,809
198,874
169,193
188,078

lo t.lO m o s 11470570 1,149,082 12619652 463,815 2,118,733 2,582,548
EXPORTS OF GOLD AND 8ILVER FROM SAN FRANCISCO.
GOLD.

SILVER.

MONTHS.

O oin.

B u l l ’n

1901-02.
J u ly ...........
A u g u st_
_
S eptem ber
O c to b e r...
Novem ber.
D ecem ber.
J a n u a ry ..
F e b ru a ry ..
M arc b ....
A p ril_ _
_

5,085
4,066
2,564
350
3,260
4,937
145
3,575 732000
5,673
4,439

SCot.lOmos

35,804 732350

2 ,0 6 0

$

T o ta l.

C o in .

$
247,755
508,226
523,835
568,942
258,518
839,159
8,862
34,232
30,319
13,052

B u ll i o n .

T o ta l .

$
157.000
434,700
552,200
429,900
469,500
556,800
466,100
419,400
566,083
309.000

$
404,755
842,926
1,076,035
938,842
728,018
1,395,959
474,962
453,632
596,402
322,052

768,154 3,032,900 4,360,683

7,393,583

1,060
5,085
4,066
2,914
3,26C
4,937
145
735,575
5,673
4,439

[F rom o a r ow n co rre sp o n d e n t.]

L ondon , Saturday, May 10, 1902.
Outside of the m arket for British Governm ent securities
there has been very little anim ation upon the Stock E xchange
this w eek. The general public is doing next to nothing in
the A m erican department. It is equally inactive in the m in ­
ing departm ent; and indeed it is doing very little in any
other market. Y et there is a hopeful feeling and there has
been a further advance in consols during the week. This,
however, has been brought about m ainly by Continental
buying. It is assumed everywhere upon the C ontinent that
peace is at hand, and it is expected that as soon as it is
assured there w ill be a marked rise in consols. Therefore,
Continental buyers have been purchasing very actively,
On the Continent itself there is utter unw illingness to en­
gage in new enterprise. In Paris the value of m oney has
decidedly fallen once m ore, and, ow ing to a further decline
in Russian industrial securities quoted in Paris, a very bad
impression has been m ade upon the Paris Bourse. E very­
body know s of course that the condition of R ussia, both
econom ical and political, is very unsatisfactory; and France
is more susceptible to w hat happens in R ussia than other
countries, not only because of her close alliance w ith the
Russian Government, but also because of the im m ense sums
she has invested in R ussia itself. She ha3 been disappointed,
too, in her hopes for a reform in the Spanish currency; and
the w arning w hich has been addressed this week by the
Foreign Minister of A ustria H ungary to Bulgaria and Servia
reminds people all over the Continent that the state of affairs
in the Balkan Peninsula is threatening. In France, then, in
spite of the accum ulation of unem ployed m oney, there is a
total u nw illingness to engage in new enterprise. The French
banks are em ploying im m ense sum s in this m arket, and
French investors are buying British securities on a large
scale.
German capitalists have likew ise been buying consols; and
generally, indeed, the capitalists of moBt foreign countries

THE OHKONIOLE

1068

[V O L .

LXXIV.

The B ank rate o f d isco u n t an d open m a rk et r a te s a t th e
have been in v estin g herd. Ia G erm any there is reported to
be som e very slig h t im provem ent in th e iron trade; but the ohief C o n tin e n ta l o itie s h a v e been as fo llo w s:
depression in other in d u strial, and esp ecially in electrical,
May 2.
A pril 18.
Apr. 86.
May 9.
Rates ot
enterprises, is very great. D istru st is general. T he bauks
Interest a t
Rank Open Rank
Open
Open Rank
Open
Rank
are s till d iscrim in atin g in respect of their custom ers; and
Rate. Market Rate. Market R ate. Market Rate. Market
the public is to ta lly u n w illin g to buy an yth in g but w hat can
3
3
2
3
3
3
24k
P a n * ...................
m
be looked upon as very tirst-clase secu rities. T he bonds of B erlin .................. 3
8
3
8
141
UK
194
8
8
8
144
m
144
th e Im perial and S ta te governm ents aod also of m unicipalities H am b u rg. . . . . . . a
14k
144
8
8
8
8
144
144
F ran kfort..........
are in good dem and, but scarcely a n yth in g else.
3
3
8
8
24k
m
2k
A m sterdam .......
m
T h e Board of Trade returns for A p ril are, upon the w hole, B russels.............
3
8
8
8
2k
ak
2k
29k
814
m
8k
8k
24k
2k
8k
V ien n a................
8k
satisfactory. T he v a lu e of the im p jrts is £16,199,938, a de
nom.
nom .
nom.
4*
4k
4k n om .
3t. P eter sb u rg .,
crease o t f i 56,68 9, or about 0 ‘1 per cent. R ou gh ly, it m ay be M adrid................ 1k
4
4
4
4
4
1
8k
sk
4
said, that the im ports are very nearly about w h at th ey w ere C openhagen. .. 4
4
4
8k
8k
sk
m
in the corresponding m outh o f 19)1. On th e one hand, in
Messrs. P ix ley < A bell w rite as fo llo w s under d ate of
!k
A pril o f last year the im ports of sugar w ere excep tion ally May 8 :
large in an ticip ation of th e budget proposals; on th e other
G o ld -W ith no outside dem and of any sort, all arriv als on th e open
the B ank of E
e
hand, there w ere 28 w orking days in A pril th is year and m ark et have found th eir way to In b ars and thengland, thIn to tal being
12553,000, of wliioh £363,000 Is
balance
sovereigns
only 24 in A pril of 19 >1. T he extra tw o days th is year m ay from Egypt. T here have been no w ithdraw als. F or th e w eek—
Arrival*: A ustralia, £20,000; Bombay, £ 116,000; Cape Town, £266,->
be set off against th e excep tion al im ports of last year, le a v ­
Total, £424,000. S hipm ents:
in g the position pretty nearly th e sam e. T he exports of 000; W est Indies. £22,000. Total, £10,000. For m onth orBombay,
£7.50U; Col unbo, £2,500.
A pril—
B ritish and Irish produce and m an u factu res w ere of the A rrivals: G erm any, £16,000; H olland, £36,000; Franoe, £24,000;
valu e of £23,492,529, an increase o f £1,505,496, or about 6 8 Egypt, £250,000; South Arrloa, £687,000; E a st Indies, £171,000.
per cent. There are increases in th e exports under m ost Shipm ents: Germ any, £160,000; Franoe. £148.000; South Africa,
£350,000; E ast Indies, £ 2 )5 ,0 0 0 ; Ja p a n , £92,OoO.
head in gs, bu t there are Bmall decreases ia raw m aterials and
Stiver—The m ark et gradually w eakened la st week on A m erican
m anufactures, in m etals and in n ew ships. In raw m aterials selling and lower E astern rate s u ntil 236iad. w as again touohed. A t
this point India beoame a buyer and the prioe th e re rose from 5958 to
esp ecially the fa llin g off is accounted for by th e decline in
This induced covering orders here and th m a rk
th e price of coal. T he q u an tity o f coal exported is greater e itjd . d. This riHO has n o t been m aintained, ande In d ia e t im proved to
23i3iB
being supplied
by 8,618 tons, and yet th e valu e is less b y £232,615. Gener- we have dropped to 28%d., closing weak. For the w eek—A rrivals:
New York, £174,000; A ustralia, £7,000; West Indies, £25.000. T otal,
erally speaking there is an increase in th e q u an tities exported,
S hipm ents: Bombay, £95,000; M adras. £2,500. Total,
th ou gh in som e in stan ces there are decreases in th e value. £206,000. For m onth of A p ril— rriv a ls : G erm any. £64,000; F rance,
£97,500.
A
For exam ple, cotton yarn is considerably larger in q u an tity, £12,000; U nited States, £754,000. S hipm ents: G erm any, £51,000;
France, £149,000; E a st Indies, £864,000.
b u t slig h tly sm aller in value.
M exican D o lla rs-T h e m ark et for th ese ooin continues w ithout fresh
M oney has been in good dem and th rou ghout the w eek,
business and is quite nom inal.
largely, no doubt, o w in g to th e paym ent of an in stalm en t of
The q u o ta tio n s for b u llio n are rep orted as fo llo w s:
5% per cen t upon th e consol, loan. Ia reality, h ow ever, the
open m arket it poorly supplied w ith funds and is la rg ely in ­
S il v e r .
M ay May
M ay
M ay
GOLD.
debted to th e Bank of E ngland, It has had to renew m ost of
1.
L ondon S ta n d a rd .
8
1.
8
Condon S ta n d a rd .
the loans that fell due at th e Bank during the w eek, and it
has lik ew ise had to borrow considerable further sum s. . The
d
d.
8. d . I . d .
com p arative scarcity of m oney is lik ely to continue for som e 3ar gold, lin e— oz. 77 9 [77 9 B ar silv e r, fine.. .oz. 23% 23 k
Do 2 mo. delivery 23% 23718
tim e, n ot on ly because of th e loan in stalm en ts th at w ill J . 8. gold ooin...oz. 76 4 76 4
jlerna’n gold coin.oz.
have to be paid up so freq u en tly, h u t also because of the con­ French gold ooln.oz. 76 4 k 76 4 k B ar silver, co n tain ’g 24% 24
do 5 g rs. gold.oz.
76 5 76 5
trol the Bank now has over th e outside m arket, and the Tapanese y e n — oz. 76 4 76 4.
do 4 g rs. gold.oz. 24iie 231316
s
do 3 g rs. gold.oz. 23 78 23 t>
fa ct th a t coin and notes have flow ed ou t from London to the
>
Cake silv e r.......... oz. 250J6 25‘ 10
interior in considerable am ounts, and w ill n ot begin to return
Mexioan dollars.oz. nom. nom.
u n til n ext m onth. The great F rench banks have again begun
to increase th e balances th ey are em ploying here. The value
The fo llo w in g sh ow s th e im p orts o f o erea l p ro d u o eln to the
o f m oney has suddenly fa llen very sharply in Baris, appar­ J n ited K in gd om d u rin g th e thirty-five w eeks of th e season
en tly because th e preparations, firstly, for the recent R u s­ compared w ith p reviou s s e a s o n s :
sian loan brou gh t out in G erm any, and, secondly, for the
IMPOKTH.
1898-99.
1899-00.
subscrip tion s for th e V ienna m u n icip ality loan have com e to
1901-02.
1900-01.
40,435,250
an end, and th e banks, th erefore, are free once m ore to em ­ unp’ts of w h eat, ow t.42,916,801 47.293.000 39.066,100 18,035,743
Barley.......................... 17,730,615 15,761,100 11,391,200
ploy all their surplus funds. In P aris there is p ractically O a ts ............................11,767,998 14,367,200 12,071,800 9,673,620
no dem and, and th ey are looking for th e em ploym ent of ? e a s................
1,632,380
1,938,300
1,822,930
1,424,198
1,418,240
1,288,700
their fu n d s m ain ly to N e w Y ork and to London. In London SeanB.... . . . . . . . . . . . . . 1,264.354 1,170,140
37.312.700 39,373,900 36,871,160
th ey have been em p loyin g im m ense balances for the past Indian c o r n ................ 30,616,552 15.253.700 11,191,000 15,855,230
F lo u r............................13.761,923
cou p le of years. F or a m onth or so back th ey had reduced
Supplies a v a ila b le for co n su m p tio n (e x c lu siv e of sto ck s on
slig h tly those balances, but again th ey are b egin n in g to in ­
crease them . D u rin g th e w eek th ey have also been buying September 1):
1888-99.
1899-00.
1900-01.
1901-02.
A m erican b ills on an u n u su ally large scale, and probably if Wheat Im ported, cw t.42,916,804 47.293.000 39,066,100 40,485,250
m oney continues in stron g dem and in N e w York a good deal Cmportsof flo u r.........13,761,923 15.253.700 14,191,000 15,855,230
tales of home-grown.19,673,583 18,113.378 23,126,844 23,866,607
o f F ren ch m oney w ill be invested in A m erican b ills. G9r
m an bankers are lik ew ise reported to have taken considera­
T o tal................... 76 352,310 80,660,078 76.383.944 80,157,087
ble am ounts of A m erican b ills and other securities.
Aver, price w heat,w eek,29s. 9d.
26 b. 8d.
26s. 01.
25s. 21,
The India C ouncil con tin u es to sell its drafts w ell. It of
Average p rice, season.27a. Od.
27s. Od.
26s. Od.
26s, 51.
fered for tender on W ednesday 30 lacs and th e applications
The fo llo w in g sh ow s th e q u a n titie s o f w h e a t, flour and
exceed ed 1,000 lacs at prices ranging from Is, 3 % ^ . to Is. naize afloat to th e U n ite d K in gd om :
3 31-32d. per rupee. A pplicants for b ills at Is. 3 29-32d. w ere
1901.
1900
TAi* w e e k .
L a st week.
3,270,000
3,005,000
a llotted ab ou t 8 per cen t o f th e am ount applied for, and Wheat............... q r s . ) 1,495,000
i iq h non
4,075,000
255,000
375.000
335,000
applicants for telegrap h ic transfers at Is. 3 31-33d. w ere Flour, equal to qrs. 5
555.000
580.000
620,000
allotted in fu ll. L ater in th e day th e C ouncil s o l i b ills for Maize. T - .......... q r s ... 580,000
The B ritish im ports sin ce Jan. 1 h ave been as fo llo w s
5 lacs at Is. 3 15-16d. per rupee.
D ifferen ce.
1901.
1902.
The fo llo w in g return sh ow s th e p osition o f th e B a n k of
P e r Ot.
£
£
Im po rts.
£
E nglan d , th e B an k rate of d isco u n t th e price o f con sols, &e, Ja n u ary ......... 50,131,348
+90
+4.14S.832
45,987,516
+4-9
+ 1,977,152
com pared w ith th e la st three years :
39,714,439
F e b ru a ry ---- 41,691,591
1908.
M ay 7.

£

O irea la tlo c...................................... 29,513.245
Publlo d e p c s lt i., ....................
7,935,418
O ther d ep o sit* ....................
41,081113
G overn m en t se c u r itie s .............. J4 824.003
Other geonritles............................. 28,831,701
R eserv e o f n ote* and co in ......... 23,967,145
C oin& bnU ion.both d ep a rim ’t* 36,768,390
P r o p .r e a e r v e to H a b tlltie s..p . o.
48%
B a n i r a te ...................... p e r c e n t.
8
C onsols, 254 per c e n t . . . . , ...........
9415-18
S ilv e r ........................................ .
23 13-16d.
C learing-H ouse r e tu r n s............ 189,391.000

1901.

May 8.

£

1899.

1900.

May 10,

May 9

£

£

29.72-1,355 29,7 j 6 630 27,7^8,260
7,663 607
7,383,116 11,889,570
89,718,231 41,719,831 37,791,803
13,768,206 14,519,878 13,873.128
28,018,5 h7 32,237.004 34,161,661
23,619,803 20,343,556 19,474,420
36,474,168 82,334,186 30,397,086
49 7-16
41k
S9>a
3
4
4
94 3-16
100 3-16
UOK
27 7-164.
27kl
8P9k<L
132,414,000 154,308,000 156,409,000

Interest, allowed
a
for deposits by
London.
'Irade Rills. Joint D is’tR 's
Bank Billa.
£
Stock A t 7-14
e
3 Months. 4 M onths. 6 Months. 3 M ots . 4 Mos. Banks Call Days
Open M arket R a te s .

19
26
Alay 3
1 10
1
•4

3
3

3
8

3 13-lfl@2%
144@3 18-ie
29402 13-16
2tf@3 13-16

2 13-16® 2Jk 2 13-1602%
244@« 13-16 24402 13 -16
844@2 13-16 244@2 13-10
24402 13 16
2 13-16

3
S
8
SOSk
3

8© 3 k
8© 3k
3
8k
8© 8k

46,426,056
48,265.617

—5,528,195
—65,689

—11-9
—0-14

F o u rm o s.,.. 178,841,736

178,373,053

+468,683

+0-26

The exports since Jan.

h ave been as fo llo w s :

1902
E x po rts.

£

1901.

£

D iffe r e n c e .
£

Ik
Ik
Ik
Ik
Ik

ik
ik
ik
ik
ik

lk
144
144
144
144

24,254,571
21,312,276
22,217,238
23,492,529

24,753,531
21,037,455
25,021,293
21,987,033

—498,957
+274,821
—2,804.055
+ 1,505,496

Four in o s... 91,291,217

T h e r a te s fo r m o n e y h a v e b een as fo llo w s:

Apr. 12 3 2 11-16@244 2 11-160244 2 11-160294

40,897,861
46,199,928

M aroh. . . . . . . .
April...............

92 799,312

—1,508,095

J a n u a ry ........
F ebruary.......
M a rc h ...___
April.................

P e r Ct.

—2 9
+1-3
—11-2
+ 6*8

—1 6

The re-exports of fo reign and co lo n ia l produce since Jan. 1
show the fo llo w in g c o n tr a s t:
1902.
r e -e x p o r t s .

la n u ary ........
February . . . .
M arch............
A pril..............

£

5,340,446
5,801,101
4.314,471
6,673,949

1901.

D ifferen ce.

5,051,307
5,966,288
5,200,525
6,286,007

+ 289.139
—162,187
—886.054
+387,942

£

£

P e r Ct.
+6*7

Oil?
-- M 4
— 1 7 -0
+62

—1'6
—371.160
F o u rm o s ... 22,132,967
22,501,127
Note ,—The aggregate figures are official. They Indicate th at slight
adjustm ents have beeu m ade lu the m onthly re tu rn s as Issued.

THE CHRONICLE

M ay 24, 1902.]

1069

The following table shows the exports and Imports of
specie at the port of New York for tho'week ending May 17
The dally olosing quotations for securities, eto., at London
are reported by oable as follows for the week ending May 20: and sinoo Jan. 1, 1902, and for the corresponding periods in
1901 and 1900.
B n g l l i k P l n a n o l a l M a r k e t * —P a r C a b l e .

I-uee.

Wed.

23%
9 5 :iio
95r
’io
10105
78%
5 7e
80%
99%
108%
97%
132%
47%
29
171%
42%
91%
87%
68%
83%
155
141%
28%
18%
26%
56%
159
33%
67%
92
76
31%
42%
34%
65%
37%
97
106%
89%
40%
92%
26%
44%
77

23%
95%
9B»,«
10106
78%
5%
81
100%
109%
98%
138
48
29%
173
43%
92%
38
69%
53%
156
144
28%
18%
26%
58
160
34
58%
92
76%
32%
42%
35%
66%
38%
97%
107%
89%
41%
93
26%
44%
77%

Mon.

LONDON.

Sal.

S ilver, per o u n o e____d.
C onsols., n e w ,2% p .ots.
For a o o o n n t........... .
F r’oh ren te8(lnP art8)fr.
S panish 4a...................
A n acon d a M in in g.........
A toll. Top. & S an ta F e..
P referred .......................
B a ltim ore & O h io ..........
P referred .......................
C anadian P aolfio...........
C hesapeake & O hio___
Obioa. G reat W estern ..
Chic. Mil. & St. r a u l . ..
D en. & R io G r .,c o m ..-.
Do
do Preferred.
E rie, c o m m o n ................
1 s t p refe rre d ...............
2d p referred .................
Illin o is C e n tr a l...............
L o u isv ille & N a sh v ille..
M exican C e n tr a l..........
M exioan N a tio n a l.........
Mo. K an. < T e x .,o o m ..
fe
P r e f e r r e d ..................
ST. Y. O ent’l & H udson..
N. Y. O ntario & W est’n
N orfolk & W estern ........
Do
do
pref.
P e n n s y lv a n ia ..................
*P h il a. A R e a d ...............
*Phila. & R ead, ,1st prei.
*P hil a. & R ead ., 2d pref.
S outhern P a o iflc.........
S o u tli’n R a ilw a y , com ..
P r e fe r r e d ........ ............
U n ion P a o iflc...............
P referred .......................
U . 8. S teel Oorp., co m ..
Do
do
p r e f..
W ab ash ................... .
Do
p referred ....... ..
Do
n eb . “ B ” .........

2311 io
95%
95*4
101 T o
78
5%
BO'S
99%
108%
97%
130%
47 hi
29%
171 %
42%
92
37%
686s
53%
155%
143
28%
19
26
57
159%
33
57%
92%
76%
31%
42
34%
66%
37%
97%
106%
89%
41%
93
26%
44%
78%

<1
Q
3
o
b
l
«
O
s
H
M
W
£

TKurt,

EXPORT! AMD IMPORTS O f SPECIE AT MEW YORK.

Sri.

24

24
90
95%
901, A
101-15 01 0 7 %
78%
78
6
6%
81%
82%
100%
100%
109%
109%
98%
97%
138
137%
48
48
30%
30
173% 175
43%
43%
92%
92%
38%
38
69%
69%
53%
53%
156% 156%
143% 142
28%
28%
18%
18%
26%
26%
57%
58
160% 160%
34
34
58%
58%
92
92
76%
76%
32%
32
42%
43%
35%
35
66%
66%
38%
38%
97%
97%
107% 107%
90
89%
41 s4
41%
93
92%
275a
27%
45%
45%
77%
77%

* P rice per share.
e w

a

N a t i o n a l B a n e s . —The follow ing inform ation regarding
national banks is from the Treasury D epartm ent.
N A T IO N A L B A N K S O R G A N IZ E D .

Certificates Issued A pril 9 to A pril 16, 1902.
6.200— The City N ational Bank of E van sville, Indiana.

Capital,

$ 2 0 0 ,0 0 0 . F ran cis J. R eitz, P resid en t; F ra n cis A. F o ster,
Cashier.
6 .2 0 1 — The F ir st N a tio n a l B an k o f S id n ey, N eb rask a. C apital, $25,000. J o h n W . H arper, P resident; Chas. C allahan, Cashier.
8 .2 0 2 — T he C itizen s’ N atio n a l B an k of P ooom oke C ity, M aryland.
C apital, $20 ,0 0 0 . E lijah J. Sohoolfleld, P resid en t; H ow ard
H all, Cashier.
6 .2 0 3 — The F irst N ation al B ank of T yler, M inn esota. C apital, $ 25,000. A n th on y W. M agandy, P resident; M. G lem m eatad,
C ashier
6 ,2 0 1 —The F ir st N ation al B an k o f M inn esota L ake, M innesota. C ap­
ita l, $25,000. P eter K rem er, P resident; M. 8. F lse h , V iceP resid en t; O. H . Schroeder, Cashier.
6 .2 0 5 — T he F irst N ation al B an k of K eyser, W est V irginia. C apital,
$60 ,0 0 0 . F. M. R eyn old s, P resident; J. T. C arskadon, C ashier.
6 .2 0 6 — T he P age V alley N ation al B ank o f L nray, V irginia. C apital,
$25 ,0 0 0 . W illiam O. Y ager, P resident; C harles S. Landram ,
Cashier. C onversion o f P a g e V a lley B an k o f V irgin ia, a t
Lnray.
6 .2 0 7 — T he F irst N ation al B an k of L ou isville. G eorgia. C ap ital, $35,030. H ugh M. Comer, P resident; W. W. A bbot, C ashier.
6 ,2 0 8 —
The F irst N ational B ank of Long P rairie, M inn esota. C ap ital,
$ 2 5 ,0 0 0 . A lbert Rhoda, P r e s id e n t;----------------- , C ashier.
6 ,2 0 9 —The A m erican N ation al B an k of Ebenshurg, P en n sy lv a n ia .
C apital, $ 1 0 0,000. 3 ohn L loyd, P resid en t; R obert Soanlan,
Cashier.
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
the imports at New York for the week ending for dry goods
May 15 and for the week ending for general merchandise
May 16, also totals since beginning first week January,
F O R E IG N IM PO R T S.

f o r week.

1902.

1901.

1900.

1899.

D r y G ood s—
GenT. m er’dise

$ 1 ,911,405
8,733,378

$ 1 ,617,656
10,124,013

$1 ,8 2 7 ,3 0 4
8,435,6 3 2

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

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

$10,644,783

$11,7 4 1 ,6 6 9

$ 1 0 ,2 6 2 ,9 3 6

$ 1 1 ,1 4 6 ,0 1 5

D ry G oode—
G en ’l m er’d ise

$51,6 4 6 ,7 0 7
168,5 4 9 ,6 7 2

$ 4 3 ,6 7 9 ,3 4 9
177 ,5 6 6 ,4 9 9

* 5 1 ,6 2 9 ,7 5 6
172,518,8 4 2

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

Since Jan. 1.

Week.

Im p o rt!.

S in ceJ a n .l.

$ .........

Week.

Since Ja n . 1,

T otal 1 9 0 2 ..........
T o ta l 1 9 0 1 ..........
T otal 1 9 0 0 ..........

* 1 3 ,9 0 0 $16,866,401
2 ,1 9 8 ,8 4 1 17 ,9 4 1 ,7 9 2
3 ,2 3 1 ,4 6 4 1 7 ,9 2 1 ,4 9 3

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

$ .. _
4 8 5 ,5 5 0
25
1 33,829
1 7 ,4 8 5
41 9 ,0 8 4
8 8,638

$ .............
1 ,800

lo a th A m erio a ........
HI oth er co u n tries.

$ 1 8 2 ,8 5 0
14 ,1 3 0 ,3 8 8
1,586,104
5 12,939
2 3 ,1 0 0
32 7 .9 7 4
1 03,016

; rea t B r i t a i n . .. .. ..
F rance.........................
le rm a n y ....................
Vest In d ie s...............

13,900

3 ,809
1 3,765

Since Jan. 1.

Week.

$ 1 ,0 9 4 ,0 0 6
99 6 ,0 6 8
1 ,2 1 4 .8 7 5

Imports.

Export!.

Silver.

Week.

S in c e J a n .l.

Great B r ita in ............
France......................
G erm any............
West I n d ie s ....... .
M exico...........
South A m e r ic a .....
I l l oth er co u n tries.

* 5 5 0 ,1 7 0 $ 1 3,894,701
5 29,731
1 ,000
57,513
1 ,7 5 0
52,661
700
1,000

$ .............

$844

2 ,7 8 0
3 ,368
260

2 6 ,0 1 3
24 4 ,6 1 8
1 8 4 ,7 6 0
1 1 ,2 4 4

T otal 1 9 0 2 ..........
T o ta l 1 9 0 1 . . . . . .
T otal lf»on..........

$ 5 5 7 ,9 2 0 $ 1 4 ,5 3 7 ,3 0 6
617,485 20 ,6 6 2 ,6 2 1
1 ,3 0 0 ,2 0 5 19 ,5 1 4 .5 3 8

*6 ,4 0 8
6 4 ,1 7 4
7 9 .2 8 2

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

Of the above imports for the week in 1902 $5,215 were
American gold coin and $6,002 American silver coin. Of the
exports during the same time $13,900 were American gold
coin.
New York City Clearing House Banks.—Statem ent of
jondition for the week ending May 17, based on average of
iaily results. W e o m it tw o ciph ers ( 0 0 ) in a ll cases.
BANES.

g flr o r o s r jc ia l a n d p t is c g H a t u e g u s H

Export!.

Gold.

C a p ita l. S u rplu s.

2, 000,0 2,240,8
Bank of N. Y ..
M anhattan Co... 2.050.0 2,388,5
2,000,0 1.246.7
M erchants’,
2,000,0 2.496.3
tteohsnios’ .
A merioa............. 1.600.0 3.207.8
P h e n ix .............. 1, 000,0
285.6
C ity .............
10, 000,0 7.383.4
300.0 7.0 37,1
Chem ical....
600.0
M erchants’ E x ..
273.1
Gallati2 . . „ . . „ „ , 1 f\(\f\ n 3.044.1
B a tc h .* u r o v ’s’ "’Soolo
I (,o
142.1
Meoh.* T rad ers’ 400.0
181,9
200.0
G reenwich..........
528.2
600,0
L eather M’f’r s ..
99,8
Seventh N ation’l 1.700.0
Am erican Exoh. 5.000. 0 8.300.0
C om m eroe..._ 10, 000,0 7.837.2
_
Broadway........... 1 000 0 1.902.1
M e rc a n tile ...... 1,000,0 1.416.3
535.8
Paoiflc_ . . . . . . .
_
422,7
C hatham ...........
450.0 1 .002.1
864.9
200.0
People’s..............
N orth A m erica.. 2, 000,0 2.027.7
0
H anover.......... . 3.000. 5.912.1
484.0
I rv in g ............ .
500.0
603,4
1.550.0
Citizens’....... .
289.1
500.0
N a ssa n ..........
1.046.5
900.0
M a rk e t* F u lto n
Shoe * L ea th er. 1.000 . 0 247.9
Corn Exchange, 1.400.0 1.788.7
405.2
800.0
O rien tal............
tm p’t ’r s ’A T rad. 1.500.0 6.278.3
2,000,0 4.192.7
P a r k ...............
152.1
250.0
E ast R iver..
8, 000,0 2 , se e 5
F o u rth ........ .
690.1
1, 000,0
C e n tr a l.....
300.0 1.135.8
Second..........
f i r s t ..................... 10, 000,0 11,960,1
341.9
600.0
N .Y .N at’lE xoh.
766.2
260,0
B ow ery..............
604.1
200,0
N. Y. C o u n ty ....
410.1
750.0
German A m eri..
Chase................... 1, 000,0 3.029.2
100.0 1.485.8
Fifth A v e n u e ...
002.7
200,0
German E x o h ...
863.6
200,0
G erm ania....
300.0 1.171.2
Lincoln.........
Garfield............... 1, 000,0 1.234.4
887.6
200.0
F ifth ....................
300.0 1.200.6
Bank of M etrop
481.7
200.0
W est S ide...........
500.0 1,108,1
Seaboard.............
W estern.............. 3.100.0 2,874,7
638.2
800.0
1st N at., B ’klyn.
829.3
Liberty................
500.0
458.1
N. Y. Prod. E x .. 1,000,0
663.2
600.0
N ew A m sterdam
469.3
Astor...................
860,0
422.4
500,0
Hide A L ea th er.

. .

L oans.

Specie.

$
*
18.175.0 2.944.0
21.853.0 4.025.0
12.470.5 1.546.3
13.042.0 2.078.0
19,888,8 2.633.4
6.095.0
937.0
113.265.0 25,648,5
24,781.3 4.023.3
749.8
5.010.6
8=696,6 1.080.1
l,UO£,S
alo.S
3.096.0
457.0
97,8
1.268.1
4.411.6
913.1
6.078.0 1.154.8
33.785.0 6.047.0
69.410.7 11.488.1
7.103.3 1.334.4
13.486.8 1.745.0
358.4
3.005.7
792.5
0,110,4
224.9
2.070.4
15.410.1 1.746.0
46.890.5 9.684.2
634.2
4.491.0
808.2
6.702.9
372.4
2.902.6
099,2
6.584.6
3.908.9
966.5
20.923.0 3.657.0
203.8
1.949.0
23.568.0 4.018.0
51.818.0 12.440.0
1.257.0
161,1
20.058.5 2.980.8
10.425.0 2.009.0
9.584.0 1.527.0
74.527.1 18.239.2
6.806.8 1.022.0
2.801.0
335.0
3.865.3 1, 020,0
3.476.4
627.1
38.601.7 9.406.7
9.692.3 2,672,e
2,443,2
222.8
2.870.4
412,9
13.928.7 2,181,1
8,034,8 1,004,6
2.269.0
457,8
7.928.6 1.688.8
469.0
2.781.0
12.718.0 2.428.0
38.732.0 9.114.2
4.481.0
404.0
7.118.7 1.098.3
744.0
4.208.8
7.918.8 1,744,8
770.0
4.349.0
374.2
3.050.1

Re­
Legals. Deposits. serve
P.O.
, *
17.703.0 2 5 6
24.759.0 2 5 2
14,282,4 2 2 0
13.104.0 24- 9
32.005.3 2 5 0
5.089.0 25- 7
125,786,0 28-3
23,912,7 2 0 1
5,208,3 2 5 2
6.722.5 27'8
41,~ 1.510.6 23‘9
288,
3.696.0 20-1
1.128.6 19- 5
123,
4.310.2 2 5 8
202,
5.946.0 24'5
294,
2,133,- 28.005.0 256.839.6 62.761.3 29'2
216.8 0.288,2 24'8
1.843.1 14.220.3 26488.2 3.912.0 21-5
856.0 6.258.0 26'3
515.4 2.829.0 28-5
1.808.6 13.962.3 2 4 0
6.104.6 64,983,2 28- 7
583.0 4.729.0 25'7
833.4 0,435,4 25 4
373.6 3.354.2 2 2 2
748.8 6.986.3 24’9
238.8 4.632.8 26- 5
2.591.0 25.284.0 24-7
286.4 1.882.0 2 5 2
1.208.0 21.238.0 24-6
4.251.0 63.841.0 28-1
191.8 1.417.2 242.589.7 21.629.6 251.005.0 12.878.0 231.055.0 10.869.0 241.442.7 71.179.6 27309.2 6,849,7 2 0 0
302.0 3.237.0 20509.9 6.247.0 29239.8 8.383.0 25- 6
2,110,6 45.951.7 25-1
100.3 10.732.0 25-4
446.6 3.170.4 21-0
684.8 4.084.6 23-3
1.571.8 16.034.0 23 2
338.4 8.302.9 23132.8 2.387.3 24828.5 9.087.7 2 4 3
324.0 3.070.0 251.490.0 15 063,0 25 9
2.240.0 45,098,5 25-1
454.0 4 321,0 19425.0 0,798,4 22378.8 4.179.5 20- 8
531.5 8,045.2 25-1
227.0 4.283.0 2 3 5
101.4 2.214.1 21-6
$
1.583.0
2.216.0
1,599,4
1.185.0
2,886,8
370.0
7,470,2
2,236,7
579.2
793.7

T otal..............88.872,711050079 879,029,9 1083258 73,581,2 936,161.9 2 6 '8

New York City, Boston & P hiladelphia Banks.—Below
we furnish a summary of the weekly returns of the Clearing
The following Is a statement of the exports (exclusive of House Banks of New York City, Boston and Philadelphia.
specie) from the port of New York to foreign ports for the
Capital del
week ending May 19, and from January 1 to date.
Loans. Specie. Legals. OepositsA Oirc’l’n. C
b a n k s . Surplus.
Hearings .

T otal 20 w eeks 2220,187,379 *221,2 4 5 ,8 4 8 $ 2 2 7 ,1 4 8 ,5 9 8 ^ lO ,6 5 5 ,7 2 6

EXPORTS FROM NEW YORK FOR THE WEEK,
1903.
F or th e w eek. J *10,4 9 8 ,6 4 3
P rev. reported 179,067,470

1 901.

1900.

1899

* 8 ,2 3 8 ,9 5 6
1 9 5,705,483

$ 1 0 ,2 9 3 ,6 0 4
197,7 8 9 ,9 8 5

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

T o ta l 20 w eek s $189,5 6 4 ,1 1 3 * 203,944,439 * 208.083.5 8 9 * 1 7 9 ,1 9 9 ,5 8 5
N o te .—As th e figures of ex p o rts as reported by th e N ew York
Oustore H ou se from w eek to w eek fre q u en tly sh ow d iv er g en ce from
th e m o n th ly to ta ls, also com plied b y th e C ustom H ou se, w e sh a ll from
tim e to tim e ad ju st th e to ta ls by adding to or d ed u ctin g from the
am o n u t " p reviou sly reported

N. V,*
Apr. 20..
May 3..
“ 10..
“ 17..
B o*,’
May 3..
“ 10..
" 17..
P h lla .*
May 3..
" 10..
“ 17..

9

187.278.4
187.278.4
187.278.4
188,880,0

*
893,394.1
904,162,5
901.933.0
379.029.0

9

1730940
1788504
1701904
1083258

9

75,003,7
75,681,0
73.029,5
73,501,2

t

954.540.8
368.189.0
900.235.8
336.101.9

$

30.970.3
31.049.3
31,229,0
81,273,2

19040000
19253502
18100075
14981021

6.152.0 1 1 5 .2 1 0 .0 4.988.0 158.244.8
6.090.0 2 0 8 .4 1 6 .0 4.999.0 187.588.9
6.510.0 208.516.0 5.015.0 150.030.1
314.080.0 9.304.0 183.140.2
67.035.0
2 1 5 .5 1 7 .0 9.272.0 185.280.9
66.791.0
3 1 5 .2 0 3 .0 9.088.0 124,675,0
56.041.0

52.001.0 190.039.0 15.490.0
62.061.0 189.100.0 1 5 .3 8 7 .0
52,001,0 185.231.0 10.310.0
38,715,3 182.443.0
38.716.8 183.808.0
88.715.8 181.933.0

• W e o m it tw o ciphers i n a ll t hese lloures.
t In o ln d ln g f o r B o s to n a n d P h lla a o lp n ia t h o Ite m " d ta e t o o t h e r b a n k a ."

0
2

2
8
4
9
6
6
1

3
7
8
8
3

T M li

107 U

C H R O N IC L E

[VOL. LXXIV,

fitapbrt** ot Noji tteuitiar Batiks—ffae following is the
The exports from & several seaboard ports for the week
he
itat*merit of condition of the non-member banks for the ending May 17, 1903, are shown in the annexed statement*.
lour,
Wheat.
fly «,
Pifil*
week erutlug May 17, based on average! of the daily result* M&portreftem- Lu^h. Corn, Itbbls* Oats, hush bush, M&rhw
bush.
bush.
hU*h ■
W i m it two dp/mr# f 00) in all cases.
23,029
85.016
Aprs Y o r k ,,.., 787,028
24,302 208,703
1,988
2,816
Ld«i T Deposit .With

Met
Capi­ Bur- \Loans del
x
q
plus. Invent- i&pecie. < ILk. Clear* Other LhpotiU
ta l
Motes. Agent. BksM
1meat e.

BANKA.
t<hj« om itted.)
N*W r O tti CiTY.

Bo-rough oj
Manhattan

t |
i
2344,9 45.4
290$, 0 134.0
1446.7
03.8
10.8
1423.3
1001.8
86.7
2436.0 147.9
1672,8 40.1
1421.7 23.7
2976.0 73.8
18.8
1028.1
4829.0 844.0
1470.0 84.0
1111.0 42.8
2068.7 49.0
1457.8 48.0
898.0
11.0
630.1
8,6
178.8
2,7
1092,1
10,6
3.0
269.0
407.9
9.1
1999,6 210.9

*
„ ?
UOiOOiaL' .< .*«*•«»** 100,0! I60,b
O eium bia., . . v • 800,0 225.6
Youjrteeiith str e e t. 100,0 86.9
GanaevoorC *«..,».. 300.0 86,1
H a m ilto n .,,
. 200.0 98.6
M ount M orris........ 250.0 86.9
300.0 174.6
M utual.
N in eteen i h W ard .. 200.0 162.9
100,0 230,5
? i n a ..........
' f t i r e r a i d e . , . 100,0 187,4
100,0 817.9
T w elfth Ward. *«„ 200,0 66,8
100,0
77.6
T w enty -third W
U nion S q u a re,.«.«« 200,0 872.9
100,0 244.2
fork rilid .M .
87.6
W ashington..,........ 100,0
200,0 100.2
jftdelity
100,0
60,8
▼ w ic k ,.
200,0
06.6
Jeflera on
100,0 60,7
Century
W ash* * U>nH ei*h is 100,0 100,2
U nited N a tio n a l... 1000,0 180,3

Boro’h o} Brooklyn.

150.0 132,2
100.0 180,1
800,0 105.9
100,0
15,6
80,0
100,0
262,0 480,1
500.0 349.7
100.0 29,1
300.0 027.0
800.0 686.0
100,0 148.1
100,0 133.2
100,0 70.0
200,0 269.0
100,0 67.0
200,0 126.0
100,0 67.0

B e d fo rd * ............. ..
B ro a d w a y ... . . . . . .
Brooklyn.*
E ighth W a r d .......
F ifth A v e n u e .,,..,
Mannfact/ra* N&t’l.
M e c h a n ic s ,.. . . . . . .
Merchants*..............
N assau N ational*.
N ation al C ity .. . . . .
N orth S id e ,........ .
P e o p le s ,..,....... .
S even teenth Ward
Sprague N ation al,.
T w enty sixth W*d.
U n i o n .,.,,..,...........
W ailabout,

1407.3
1080.4
1828.8
332.8
737.8
2804.8
4254.9
756.0
3708.0
2971.0
873.4
1.281.9
669.1
1043.4
672.4
1,283,2
819.1

I
144/3

$
163.4
100,0 219.0
00,5 239.8
109.8 106.9
107.8 138.4
88,9 326,8
120,0 182.0
105.7 308.7
224.6 201,2
18.5
05/1
172.0 116,0
136.0 174.0
121.8
70.0
219.7 230,6
139.0 127.5
40.2
11,4
83.4
64.3
64,8 124.4
100.7
84.7
10.3
31.8
9.0
34.0
62,2
58.0

12.4
17,3
80.9
4,0
87,6
326,4
190.1
9,5
191.0
140.0
10.5
44.5
9,9.
94.2
10.5
46,8
89.3

88,7
185.8
48.6
88.0
21.5
161,2
100,4
48.0
310.0
200.0
48.1
79.0
41.7
4.0
24.8
00,7
29.1

$

2350.0
8,0 8015.0
1069.0
00,0 1019 9
6,0 1003.2
62,8 3067.7
8,8 1684.3
25,9 1760.7
3157.5
1041.4
214,0 5811.0
1879.0
28,0 1287.1
2801.2
883,8
0,6 1500.0
21,9 709.8
612.0
812.5
1103.4
3
165.6
202.8
1019.2

132,2
143.6
128.5

120.5 1680.3
1810,2
28,0 1334.7
16,0 384.0
2] ,9 078,5
3307.8
2*6,0 4725.0
757.0
87.0 4233.0
88.0 8210.0
58.0 777.4
43,8 1350.8
41.4 582.2
29.0 905.5
1.0 007.7
133,5 1.205.5
87.5 823,9

68.0
88.8

12.500

Boston............ 237 392
Portland, Me. 104,138
iMRladeiphia, . 811,032
Baitianore___ 208,501
novy Orlo&n#. 402,000
Hewp’rt New./ 88,750
M ontreal..... 1.268,803
32.000
Galveston.__
M obile..........
Quebec. ........ 201,001

8.422
3,740
41,991
00,101
15,580
8,456
21,992
681
8,876

2,515
18,600
13,872
2,416

Tr
T-

18,970
ii,0 io

1,869

118,027

101,033

16,821
— «...

07,991
Tefcal w eek . 3.042.306
Same time ’OL .2.760,033 2,899,203

235,818 173,678
312,142 1,820,170

305*390
81*191

569,8
730,6

H ,4
30,1

Bank of Staten I si
1st Nat.*Staten I s l

26,0
100,0

Other Cities,
1st N at., Jer. C ity.
Hud. Co, N at., J.O,
Sd N at., Jer. C ity .,
3d N at., Jer. C ity ,,
1st N at., H ohoken.
*d N at., H oboken.

601.0
354,0
38,8
03.4
03.6
152.5
94.7
82.4
01,3

20,5

400.0 984.9 4849.2 288,0
250.0 615,4 2273,0 17,4
82,1
250.0 804.9 1208,8
41,1
2 0 0 .0 249.7 1118,'?
110,0 403,1 2490,8 183,2
907,0
125,0 126.8
31,8

70,6

01,8

88,0

85,8
00,7

10,0

022,1

20,0

092,7

324,1 1180,1 524,0 5951,1
49,8 1780.3
02,9
90,5
78,6 1348.8
13,3 394.1
250.1
65.8
23,1 1154.3
40,7 138,8
22,0 2317.8
40.9
45,5 1055,0
88,1

T otals M ay 1 7 .. 8812,0 9494.7 76788.1 3339,0 4453,6 8355,9 2214,0 81900,6
T otals M ay 1 0 .. 8828,0 9412.8 78204,8 3423,6 4530,9 8809,6 2027,6 84473,4
T otals May 8 .. 8828,0 9412.8 77729.1 3618,8 4219,2 8935,2 3004,9 84740,1

Breadstuff8 Figures Brought from Page 1101.—Tbe
•tatenxente below are prepared by us from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending May 17,
and since Aug, 1, for each of the last three years have been:
MiiiipU fit—

Fl$ur.
W hm t.
Oats,
Corn,
m n .w e m BiMk.60l6« Buth.BSlbs Bush.SSlbs

O hliago....... .
M ilw auk ee..
Dwlnth
Mlnnoapolla.
T o la d o .. . . . .
D o tr o it.......
O lovelanfi,..
S t.L ou i* . .. .
F to f i a ..........
M amas City.

102,620
57,760
138,500

7,000
16,748
38,240
13,050

301,900
48,800
42,370
585i620
7,000
19,395
44,039
214,143
21,600
138,400

448,557
15,200
24,200
7,000
21,240
91,180
?83,2S5
101,000
320,800

1,014,490
102,700
10,534
58,100
7,000
61,405
126,511
351,200
819,350
202,800

week and sinco May VI.
July 1 to—
bU».

1,1901.

bbl*.

Gutted Kingdom 137,834 8,397,446
Continent............ 50.905 2,410,601
S. A 0. Am erica.
7,787
847,871
W ist indie*— , 28,828 1,010,742
Br.N.Anc Colo’s
600
118,924
lib e r countries
9,929
830,687
T o t a l ................ ..
T o t a l 1 9 0 0 - 0 1 ....

May 17.
bu$h.

1, 1001.

bush,

8,898,470 03,088.693
1,230,810 60„083t69O
2,000
60,848
50
10,018

Week Since July
May 17. 1, 190L

bush.

The receipts of flour and grain at the seaboard ports for
he week ended May 17s 1902s follow:
JFlOUr,
Ofits,
fVASfit 9
Corn,
B *rup
JEUtiipU fii«
bhts.
hush.
buth c
bM9h,
hush.
Mew York*,
BOSSOn*........
Montreal^........
Fhiladelphia*...
R ichm ond.
Newport News.
S a lv esto n * ,^ .,.
Portland, M e...
M obile,..
Quebec..............
Total w e e k ,,,...
W eek 1901...............

347,275
109,911
46,053
334,166
29.925 1,496,572
. 72,002
358,167
67,081
415,683
2,529
19,476
10,198
72,080
88,750
8,456
11,060
8.740
104,123
3,875
---- .
201,001

133,890
10,495
27,279
31,700
91,115
128,176
21,000
18,372
2,415

444,000
144,129
80,262
07,259
70,123
11,993
27,980

1,125

88,775

1,800
f t^ ff f #

8,500
4,720

381,489

The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, May 17,1902, was as follows:
fvasfit,

Instore a t—

Oats,
bush.

Corn,

bush.

bush.

W heat.......... .......... ..bnah, 36,377,258
1
8,081,497
C o r n .................... .. 4
.
* 15,019,065
Oats.
. "
1.401,324
B arley ........ .......... .
1.019,231
Rye........................... . “
Total grain....... .

“

03,498,870

23.000

470',000
223,000

201,000

4,870.000

3,014,000

1,135.000

820,000

67.000

175,000

16,ode
0,000
61,000
38,000

' 1,000
88,000
88,000

15,000

*iSS* • e
-s

8,000

li.ooo

.261,000

271.000
15,000
162.000

100,000

17,000
a,oee
821,000

ieo.ooo

leo.bbd

84,000

8,182,000

759,000

448,000

6,000

121,000

19,(300

87,000

48,000
.........
3,000
109,000

31.000

90.000

50,000

05.000
48.000

34.000

2,000

6,000

17,000

1901.
8.028,812

1900.
8,150,571

1899.
7,971,113

41,018,905
65,082,404
82,813.828
2.497,520
1,149,824

29,206,201
71,704,811
25,744.007
5,837.015
817,412

T?,600,854
66,728,708
20,694.841
1,838,840
3,084,018

142,557,137

133,339,006

134,881,751

20,000

88,000

'

1/100

14.000

603,900

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

Stocks
200 Chatham Nat, B a n k ........ 340
20 Am er. E xch . N at. B a n k .275
10 M orton T rust C o . . . . ___ 1100
ICO T rust Co. of A m erica___ 265
40 O riental B a n k .................. 223%
25 V an Norden T rust C o ...2 4 8
25 S even th N a t. B ank.*..,... 136%
88 N at. Bk. of C o m m erce..3 4 9 7e
4 Nat. B roadw ay B a n k ....3 2 7 %
10 Mut. A llian ce T rust C o ..348%
10 CornExeh.Bfr. (rights on) 461%
10 R ealty A ssociation (50
per cen t paid in)............*116%
B on ds .
$ 1 ,560 Sub*Co. Land Trust,
Series 3 ___________
$1,500 J. B. W atkins Land
M ortgage Co., Series 4 2 ...$ 2 3 5
$ 4 1 0 A tla n tic M at. Ins. Co,
scrip of 1 8 0 2 .........
107%
$ 1 8 ,0 0 0 G uanajuato Consol.
M ining & M illing Co. 1st
Consol. 6s, 1910. M .& N ...
5
$ 3 0 ,0 0 0 Cape Breton B y .
Co. 1 st 5s, 2 0 0 1 ............ $ 1 6 1 0 lo t

gjmMn$ and JffitianctaL
Spencer

Trask

&

C o .,

BANKERS,
2 T «fc 2 9 F I N K S T R E E T ,

.

.

.

.

NEW

YOKE

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

o f f a t

9,925 100,001
64,922 151,438

Total receipts at ports from Jan, 1 to May 17 compare as
follows for four years:
1902.

108,000
34,000

830,000

IN V E S T M E N T

9 R eceipts do n o t include grain p asting through N ew Orleans to r toyeien
porta on through b ills o f lad in g.

Receipts of—
F iona:.....,,............. .

123,000
8,000
59,000
.......
407,000

M

854,629 3,448,298
459,448
821,314
837,203 2,829,088 8,275,574 2,640,410

Barley
hush,

hushn

New York.................. . 1,052.000
Do
a flo a t... ..
io s t o c ......... ....... . . . . . 408,000
Philadelphia....... . . 404,000
599,000
Baltimore......... .
New Orleans.......... . . 383,000
Galveston . . . . . . . . . . . . ,
76,000
Montreal................ . 238,000
ffnronto^...___ . . . . .
10,000
Buffalo................... . 950;OOO
Do
afloat.. • • •.
Toledo . . . . . . . . . . . . .
45,000
bo
a f lo a t......
Detroit.
. . . . . . . . . . . 100,000
Do
a f lo a t......
Ohloago... ................. . 6,280,000
Do
a flo a t,.......
M ilw a u k ee ............. . 294,000
Do
a flo a t......
rt-W ill’m&Pt-ArtJtinr 2,492,000
D u lu th ..................
9.080,000
Do
afloat...........................
M inneapolis, >............. 8,435.000
St* L ouie.................
95,000
Do
a flo a t,,... ..................
Kansas C i t y .. .. ,. ., .,
830,000
Peoria..........................
6i,ooo
Indianapolis..............
84,000
On Mississippi E lv er. 256,000
On L akes..................... 1,281,000
On canal and r iv e r ... 506,000

S E C U R IT IE S .

Members N. Y. Stock E xchange.

18,979

bush.

15,287 11,069,198
4,467 10,026,092
6,183
021,121
28,682 1,006,511
17,460
281,490
2,072
251,744

8,042,805 123.169,070
67,991 24.430,750
2.750,088 113,049,010 2,899,203 187,071,918

28 5 ,8 1 8 1 3 ,120 .1 3 0
842,142 14,059,401

130 Safe D ep osit Oo. of N. Y .130
F ellow ship in perpetuity
In Nat. Acad, of D esig n .$160
120 Central N, J . Land Impt.
Co. (old stock), upon
w hich $ 2 ,790 has been
p a id .................... . $1 per share
Bye.
.Barlsg,
100 Omaha & St. Louis')
B y ., p ref......................I
£tt*A.*8ZZ>s B«s§Slb
50 Omaha < St. L. B E ., I ^
fe
204,900
10.000
com ., tru stee’s cert.
10t
124,450
6.600 100 Omaha & St. L. B E ., j
989
com ., tru stee’s cert. J
0,350
4,C90 350 Cornish Silver M ining
Co. of Canada......... „ ..$ 3 lo t
2-B ights N. Y. S ociety Li*
,,,,,,,,
brary, free from all
annual p a y m en t___$ 5 0 each
3,000
9,000
80 H anover Fire Ins/^Co.* ..1 3 8
5 0 U nion Selling C o ./..........113%
1,400
13,600
1 N at. Park B a n k ,.............. 653
50 G erm an-Am erican Bk .1 6 5
1 Adlrond’k L eague C lub..$560
850,289 ~ 24,090
5 H ollan d T rust C o........... 20
220,870
120,999
50 B an k of N, Y ., N, B. A . -354
111,843
378,702

433,908 1,423,276 1,372,408 2,255,150
TOt.Wk.1902
Ssm ewk.ffiJ.
368,166 2,811,658 2,862 890 2,961,281
3S3.648 2,857,^95 1,955,827 2,000,003
Sam« w k.‘00
S in u A u §. 1
1961-02....... 17,275,464 204,525,975104,455,541 115,080,268 89,104,042
1900.01........
16,221,619 196,171,700171,301,710 189,851,001 37,898,836
1899=00 ...
17,422,241 184.276 6991184.001.684 136,415,621 39,341.62© 5.571,405

2,810
33,846

The destination of these exports for the week and since
July 1, 1901, is as below:
Fiowr.---- — \ r--------Wheati
/----- -Corns------s
Exports for
Week Since July
Week Since July

Total May 17, 1902.. 83,577.000

Borough of
Richmond,

423.0
407.7

.......... .

19*003
01,489

Branch Office, 65 State St., Alban j

&

W

h i t e

,

M e m b e rs N e w Y o r k S to c k E xch an ge*
1 NASSAU STREET, CORNER WALL.

D e a le r s In I n v e s tm e n t S e c u r itie s .
Tel. 5820-5821 Corfclandt.

T e le p h o n e S t o c k s a S p e c i a l t y

T racy & C o ., Bankers,
CHICAGO.

N o, 4 0 W a ll s tr e e t* N E W Y O R R .
Connected by private wire,
MILW AUKls 18,

D e a le r s in H ig h G r a d e B o n d s .
List of Current Investment Qferirw sm t on Application.
Com m ission Order#
MamhAva ' New York Stock Exchange,

Members j 0 ]JieftgO stock Exchange

E x e c u t e d In a l l M u rk # * *

$13

IHK

M a t 24, 1002.]

( I HRONI CI . K

gutters’ (S&aette.
K

I n te r e s t
P e r io d s

N 1>N .

W hen
P er
C e n t P a y a b le

H om e oj C om pany.

Itiillroncln (H team l.
3
19
Chicago < Alton / ’ A'., com.............
fc
.T’lio
clo
do
do prof.............
J ’llO
Mexican N orthern (quar.).............
2 J ’ne
Panam a (speolal)..............................
W trcei R a ilw a y .
1% flue
Am erican Railways, Phila, (quar.)
H ank.
4 May
Bedford, Brooklyn............................
3 flue
Union Square....................................
M iscellaneous.
Borden’s Condensed Milk, pref. (qu.).. i% flue
City & Suburban Homes........................ 2 J ’ue
Columbus (O.) Gas L. «fe Heat., p re f... 3 .flue
Ohio < Ind. Cons. Nat. < 111. Gas (qu.) 1 J ’ne
&
fc
’ne
16o. •T
Philadelphia E lectric.....................
1 4 J ’ne
Southern Cotton'Oll.......................

B o o k s C lo se d .
( D a y s I n o lu s iv e .)

2
2
2 Holders of roe. May 23
to
J ’ne 8
6 J ’uo 3
16 J ’ne 1

to

J ’ne 16

31 May 29
2 May 23

to
to

J ’no 1
J ’ne 2

16 J ’ne 5
to
.T’nolG
3 Holders of rec. .ru e 1
6 Holders of reo. J ’no 2
to
J ’no 2
2 May 24
to
J ’ne 16
16 J ’ne 1
14 Holders of rec. May 20
i

W A L L f'T K K K T , K K 1U A V . M A Y 4 1 . 1 U O J .H

*1.

The Money Market aud F in au cial S itu a tio n .—A feelin g
of apprehension as to the probable duration of th e coal strike
w as reflected in th e secu rity m arkets on M onday, th e effect
b ein g gen eral w eakness in the bond d ep artm ent and a de­
clin e of from 1 to 5 points in a large portion of th e stocks
dealt in. This fee lin g d im inished as th e w eek ad vanced
and other factors o f an en cou raging ch aracter h a v e exerted
a favorable in fluence, the resu lt of w h ich is a gen eral re­
storation of prices and in som e cases a su b stan tial ad vance
above recen t quotations.
The labor situ ation in th e coal region s is s till an u n cer­
ta in factor, but buyers of coal stock s seem to regard it as
n o t of a serious nature. Copious rains in th e S o u th w est are
reported to have m aterially ch an ged the outlook for a w interw h ea t crop in th a t section , and stock s lik ely to be b en efited
thereby have been stron g in consequence.
Abroad th e financial situ ation has im proved of la te and
hopes of an early cessation of h o stilities in S outh A frica
h ave stim u lated a tone of b u oyan cy on th e London Stock
E xchan ge. The foreign ex ch an ge m ark et has been stea d ily
grow in g easier sin ce M onday, and d uring th e sam e period
call-loan rates have d eclined at th is centre.
The open m arket rates for call loans on the Stock E xch an ge
d uring th e w eek on stock and bond collaterals h ave ranged
from 2 to 5 ^ per cent. To-day’s rates on ca ll 3 to 3%. per
ce n t. P rim e com m ercial paper quoted a t 4}£@5 per cen t.
The Bank of E n glan d w eek ly sta te m e n t on Thursday
sh ow ed a decrease in bullion of £316,480, and th e p ercen t­
age of reserve to lia b ilities w as 48’11, ag a in st 46’94 la st
w eek; the d iscou nt rate rem ains u n ch an ged a t 3 per cen t.
The Bank of France show s an in crease of 5,350,000 fran cs
in gold and 4,075,000 fran cs in silver.
The N ew York C ity C learing-H ouse banks in th eir sta te ­
m en t of May 17 show ed a decrease in th e reserve held of
$1 ,132,900 and a surplus over th e required reserve of
$8,346,525, a g a in st $3,461,000 th e previous w eek.
1903
M a y 17

D iffe r e n c e s
fr o m
p r e v i o u s v ie e k

$

1901
M a y 18

1900
M a y 19

Dec 22,908,100
Ino
43,600
Dec 24,073,700
Deo 1,664,600
In c
631,700

$
75,099,300
95,927,400
873.512.100
31,109,000
951,626,700
176.889.100
74,317,500

$
72,222,700
87,979,300
788,226,400
21,617,000
868.620.300
164,929,100
68,781,200

242,387,000 Deo 1,132,900
234,040,475 Deo 6,018,425

261.206,600
237,006,675

233.710.300
217,155,075

Surplns reserve
8,346,625 Ino 4,885,525
13,299,925
N ote.—Returns of separate banks appear on page 1069.

10,555,225

Capital ..................
Su rp lus.................
Doans & discounts
Circulation............
N et deposits.........
Specie....................
Legal tenders.......

$
83,872,700
105.007.900
879.029.900
31.273.200
936.161.900
168,826,800
73.561.200

Reserve held........
S5 p. c. of deposits

Foreign Exchange. —The m arket for foreign exch a n g e w a s
firm on M onday, sin ce w h ich it has been d ull and w eak on a
lim ited dem and for bills.
To-day’s actu al rates of exch an ge w ere as follow s: B ankers’
six ty d ays’ sterlin g, 4 84%@4 84%; dem and, 4 86^ @ 4 87;
cab les, 4 87%(®4 87}^; prim e com m ercial, six ty days, 4 84(3)
4 84%; docum entary com m ercial, six ty days, 4 83% @4 84%;
grain for paym ent, 4 84%@4 84%; cotton for p aym en t, 4 83%
@4 83%; cotton for accep tan ce, 4 84@4- 84%.
Posted rates of lead in g bankers follow :
M a y 23

S ix ty D a ys

Prim© banker©’ sterling bills on liondon.
Docum entary commercial..........................
Paris hankers’ (Francs)..............................
Amsterdam (guilders) han k ers..................
F rankfort or Bremen (reichm’ks) bankers

D em and

4 85%
4 84
4 83%

-®4 8 4 %
84%
18% * ®5 18%
39%
3 9 J ni s
94% ® 9 4 , %«

6

-0

1071

4

8
8

617 V

®5 17%
40% ® 40%s
95% ® 96»is

* Ltaa lie.
The fo llow in g w ere th e rates of d om estic ex c h a n g e on
N ew York a t th e u nd er-m en tioned c ities to-day: S a v a n n a h ,
b u y in g 75c. discou nt, se llin g 75c. prem ium ; C harleston,
b u yin g par, sellin g % prem ium : N ew O rleans, bank, .$1 00
prem ium ; com m ercial, 7oc.@ $1 00 prem ium ; C hicago, 20c.
p rem iu m ; St. Louis, par; San Francisco, 15c. per $100
prem ium .
U nited S ta tes B on ds.—Sales of G overnm ent bonds a t the
Board are lim ited to $30,000 4s, reg., 1907, a t 110% to 111,
and $500 3s, reg,, a t 107%. The follow in g are th e d aily clo s­
ing quotations ; for yearly range nee third page following.

2s, 1080........... registered
2n, 1030..........
2 m 1980 .sraa-Lreglstered
.
2s. 1930 .small ...coupon
Us. 1918......... registered
8m 1918..........
,
8h. 1918, sm all.registered
_
8s. 1918, small _ coupon
4h, 1907.......... registered
... coupon
4S, 1907..........
4s, 1925............ registered
4s, 1925..........
5s, 1904............ registered
58.1904............
•This la the prloe bl<l a t

M ay
17

M ay
19

M ay
20

M ay
21

y —J an *109 % *100% *100 % *109
Q —Jan *109 % *100% *100 % *109

......

......

y —Feb * 108 *i08
y —Web *108 *108
Q Feb ...... ......
y —Feb *108 *108
y —J an 111 *111
y —Jan *111 *111
y - F e b *137% *137%
y —Feb *137% ‘ 137%
y - F e b *105% *105%
Q -F e b *106% *105%
the m o ru las board; no

......

‘ 108
*108

......

......

*" 08
l
*108

M ay
22

M ay
23

*108% *108%
*108% * 108%

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

*107% *107%
*107% *107%

......

*108 *108 *107% * 107%
•111 *111 *110% *110%
‘ 111 *111 *110% 110%
*187% *137 *186% ‘ 136%
‘ 137% ‘ 137 *130% *130%
*105% *105% *106% *105%
‘ 105% *105% * 105 % *105%
s a le wan made.

State and R ailroad Ronds.—Sales of S ta te bonds at th e
Board are lim ited to $1,000 V irg in ia fund, d eb t 2-3s a t 95%
and $10,000 V irg in ia 6s deferred tru st receip ts a t 9%.
The m arket for railw ay bonds has been on ly m oderately
a ctiv e, d aily tra n sa ctio n s a v era g in g about $2,350,000 par
value, and a fter w eak n ess on M onday in sy m p a th y w ith
the stock m arket it has been g en era lly firm. A n ad vance
of from % to 2 points in sev era l cases in d ica tes a dem and
for those special issues, b u t as they are g en era lly low -grade
bonds no stric tly in v estm en t dem and is su ggested . Standard
Rope & T w ine issues are alm ost the o n ly a ctiv e bonds th a t
recorded a n e t decline.
Railroad and M iscellaneous Stocks.—A s noted ab ove, the
ten d e n c y has been to a less d iscou ragin g v ie w of th e coal
situ a tio n , th e crop prospect and m oney m ark et co n d itio n s
as the w eek ad vanced , and a su b sta n tia l recovery in stock
quotations has ta k en place. There h ave been a fe w ex cep ­
tion al fea tu res on th e railroad list, con sp icu ous am ong
w h ich w as C leveland Lorain & W h eelin g . This sto ck ad­
va n ced from 57 to 84% on b ids th a t brought out o n ly a few
shares. C anadian P a cific has b een one of th e m ost a ctiv e
stock s, and w h en a t th e h ig h est, near w h ich it closes, it
show ed a g a in of over 9 points. The su bsidiary lin e s—D u­
lu th South Shore & A tla n tic and M inneapolis St. P a u l &
S a u lt . Ste. M arie—have also been strong. The a n th ra cite
coal stock s recovered sharply from the low quotations re­
corded on M onday, D elaw are & H udson sh o w in g a gain of
6% points and L a ck a w a n n a se llin g 20 p oin ts above the bid
price at th e close la st w eek. The grangers and S ou th w estern
group have been stron g on favorab le crop reports. N ew
York N ew H aven & H artford an d th e V and erbilt stock s
advanced on rum ors o f m a tu rin g plans.
The m iscellan eou s list co n ta in s, as usual, several erratic
features. In tern a tio n a l P ow er sold a t 75, a d eclin e of 18
points from la st w ee k ’s qnotations; W estin g h o u se E. & M.
covered a range of 10- points. A m a lgam ated Copper w as
one of th e a ctiv e stock s and a d van ced over 5 p oints on a
strong m arket for its product. A m erican Sugar R efining
has been stron g and G eneral E lectric weak.

For daily volume o f business see page 1080.
The fo llo w in g sales have occurred th is w eek of shares n o t
represented in our d eta iled lis t on th e p ages w h ich follow .
May 17.
A m .A g .C h e m .
A m .T o b .,p r e f .
C a n . P a o . Sub.
$ 2 '’ p a id —
C. L o r . A W h .
D o p r e f . ..
C ru c . S t ’l, p r f .
D e t. C ity G a s .

M ay 19.

May 20.

26% 2616
1 2 2 ^ 122%
55
55
90
65

90
65

K in g k P . 11R.
L u c ie . G a s, pf.
O n t a r i o S ilv e r
Q u ic k s i'v ’r . p t 30
U . S. R e d u e t,’n 40

10
40

M ay 21.
27

27

May 22.
28
151

May 93.

28
161

Tot’l
300
150

1 2 J 12 M 128 127
83
84% m3
81
99
96

129 4.300
83
1,600
96% 1.300
235
Sx.%
06
(0
1,000
65051*
66% 67
150
0716 6716 68% 68%
100% 100%
240
101% 101%
200
12 12
70
109 109%
8%
8% 100
100
39% 40
ir t
40
600
39 :-9
124
00

125
60

127
63
91
85%

O utside M arket,—The m ark et on th e curb has been q uiet
b u t som ew h at stron ger th a n la st w eek. It closes to-day
stead y but dull. S everal stock s w h ich d eclined last w eek
have recovered, n o ta b ly N orthern S ecu rities. This prop­
erty rose from 99% to 101% and ends th e w eek a t 101.
E lectric V eh icle issues have also risen, th e com m on to 7%
and the preferred to 15%. U. S. S teel 5s (w . i.) fell off to 92
on Monday on u n foun ded reports th a t som e h itch had oc­
curred at the m ee tin g held th a t day to au th orize th e bonds,
but su bsequ en tly regain ed m uch of th e loss and closes to ­
day at 95, com pared w ith 96% last F riday. B ay S ta te Gas
ranged b etw een 2% and 1%, to -d a y ’s sales b ein g at 2%.
General Carriage, on th e an n o u n cem en t of th e plan of e x ­
ch an ge for sto ck of th e n ew M anhattan T ransit Com pany
carrying an assessm en t of $2 per share, dropped from 4% to
2% on Saturday and sin ce th a t day has ranged b etw een 2%
and 2%. H avana C om m ercial stock s have risen a g a in , the
com m on to 19% from 15% and th e preferred to 57 from 50.
A m erican Tobacco sold at 285 th is aftern oon and G u ggen ­
heim E xp loration s su bscriptions, 70# paid, w ere quoted a t
130@132. A m erican E levated , fo llo w in g th e sudden fall
last F riday, got dow n to 1 on W ed n esd ay and sold at 1% to ­
day. fihe “ Meybr ’ sto ck s, w ith th e ex cep tio n of a sale of
Storage Pow er a t 4, have not been d ea lt in . It is exp ected
th a t the co m m ittee w h ich is in v e stig a tin g the condition of
th ese concerns w ill publish a report on Monday. A m on g
the copper stock s British C olum bia d eclin ed from 9 to 7,
g e ttin g up a g a in to 8. N early all the o th e r copper issues,
h ow ever, ad vanced , U n ited Copper from 35% to 36%, Greene
C onsolidated from 25% to 26% and T enn essee from 11
to 12%. T he others in a lesser degree. Q uotations w ill be
found on page 1080.

New York Stock Exchange

Stock Record, Daily, Weekly and Yearly

0 1 ( 1 r \ IN l i
S T O C E S —H I (A1 1 E S T A N L > L O W E S T S A L E T K I L 'E S
M a y 1?~

M onday
M ay lii

I

M ay 20

7,

M a y Hi

M ay 22

1 Ma y 23

TW O

V AU

STO C K S
N E W YORK STOCK
EXCHANGE

L a n g e lo r Y ea r 1 0 0 2
T a n g e for T rev io u a
S a t e s o/
o n b a s i s of 1 0 0 - s h a r e lo ts
Y e a r ( TOO1 j
th e
S h a tes

U u ilr o iu U .
48
*46
48
44% 45%
4o% 4o%
44
44
*40
43
800
A nn A rbor.........................
7o % 76
76
*/6
77
/t)
lo
70
76
70% 72
1,500
7 V l)u pl*et.........
• 8 % 7 9 % 79% 8 0 % 79% 80% A tc h .'Topeka A Santa Fe 102,500
77% 7«%I / 8 % *
1
9 6 % I) 7
9t>% 0 7
97% 98%
D(
ir<
98
98% | 98
98%
Do pref......................... | I7,24u
l o t %lo o % 104% 105
[
105 %le d
100 %100% 106% 107
106 %100% | Baltimore A O h io ........... 16,050
05'% uo% *9 5
95% 95%
9 0 S "'a.*
v7
»
*95
96% D l)o pref.........................
*05
95%
200
li 1 % 05
64 % 65 le 65 % 60
6o% 66%
6b
66%
66
67% Brooklyn R apid T r a n sit.. 32,575
• I 13 %11 6 v l i t
114% 1*114 122 *114 ......... 115 115
116 116 Buffalo ltoch. A P ittsb ’g.
400
•1 3 o ......... |*139 ......... |*139 ......... • I i o ......... '1 3 9 ......... "140 .........
Do p ref.........................
|
l ’ ii’i 127 % 126% 127 s | 12*% 133
^
132% 135% 132% 135
133 134% / fauadian P a cific............. 259,875
■94% 96%
04% 05
05
96%
90
96%
96% 97
95
96 V^unada .Southern ...........
4,120
•1 8 1 100
*180 190 "182 190 * 182 192 Central of N e w J m s e y ...
..................... h lb O lo o
45% i b H 45% 46
j
46
46 S
46% 47
46% 46%
46% 46% Chesapeake < O hio...........
9,590
fc
36
36%
36% 37%
36% 37%
3 7 % 39
38% 39%
38
38% Chicago A A lto n ................ 38,250
* 75
77
<6
76
* i 5 A 76 Si
,2
77
77%
77
77
76
76%
3,200
Do p ref..... ...................
• 1 0 i 164
150 161
161 162
163 165
2,800
164% 105% 165 165% Chicago A E ast’ll Illinois
•1 3 8 l i t
••••••
• •* ------ *138 141 *138 114 * 138 115 *138 145
Do p ref.........................
28
28%
2 i % 28%
27 34 28%
28% 29%
29
29 % 28% 29% Chicago Great W estern .. 33,150
•0 3
94
*03
94
93% 93% *93
93%
93% 93%
93% 93%
850
Do 4 p. o. deb en tu res
88
88
•8 8
89
* 37 % 89
*88% 89
88% 88%
89
89
400
Do 5 p. c. pref. “ A ” ..
•4 7
48
46
47
46% 47%
48
49%
49
49
*47% 49
2,70u
Do 4 p. o. pref. “B ” ..
7o
75
75
78
75
76
7 5 % 76%
75% 75%
73% 75 Chic, lndianap. & Louisv. 12,120
86% 86%
■86
88
86
86%
86% 88
§85
85
*86
88
Do pref.........................
3,443
100% 11*7% I6a% 16 7% 166% 168 % 167% 169
168% 171% 169% 171 %Chicago jUilw. A St. Paul. 151,585
189 13u
138% 180
188 188% *188 1 8 s % 188 Si 189
190 190
1,274
Do p ref.........................
•2 4 5 248
242 %246
244 248% 248 g |Q
251 252
245 250 Chicago A N orth W estern
7,400
47
7H

i 7 1 171% 170 171
170 171%
•1 5 5 160 *155 160 *155 160
•2 0 0 208 *200 208 *200 210
20% 21%
20% 20% * 20% 21%
38%
37
37 % 38
37 Si 38%
10
10
18% 18%
1 8 34 19*4
...... .....
. . . . . . .........
...... ....
•1 0 3 105
103% 103% 103% 103%
i...... ......
•1 1 0 122
••••••
29
29%
29% 30%
2 0 34 3 0 1
4
*71% 72
71
71
71H» 71
40% 41%
41% 42%
4 2 Sa 4 2 Si
171 172 % 171 172% 173 175
•2 6 0 274
•••••• •••••« . . . . . . . . . . . .
41% 41%
42
42
41
41%
89
90
89
S9>-j 88% 88%
•4 6
50
*45
50
*45
49
19% 20%
20
20%
20
20 S
40
40
40% 40%
40% 41%
15% 15%
14% 15
16
17 %
• 28
28
97
27 *2 28% 31%
35% 36
36% 36%
3o% 3 6 1
4
6o% 66%
67
67%
66% 66%
51% 52%
51
ol%
51
51%
65 % 56 s 55% 57
*56% 58
1 86% 86%
80% 86%
‘ 83
87
50
*46
50
46
47 % i*r45
• 1 8 2 185
lt>3 183*2
85
85

171 172%
*155 160
*200 210
21
21%
38% 39
19% 19%
51
51
105 105%
...... .
30% 31%
72
72
42% 43%
174% 176
...... ......
42
42
90
90%
*46
48%
20% 20%
40
40
17% 18%
32
33
3%% 37%
67% 67%
51% 52
55% 55%
83
84

L oivest

H ig h est

L ow est

33 F eb 2(J 48% Mayl 6
63 Jan 9 77 % a y ]5
A1
74% Jan 27 84% Apr 18
95% Jan 27 103% Jan i;
101 Jan 11 110 Apr 18
93% F eb 21 97 Jan 2
00% Feb 11 72% A p r28
110 A pr 4 118% Jan 3
139 Apr 2 L it Feb 19
112 %J an 28 135% AIay21
85% Jan i 97 May 2 2
187 May 12 198 J an 6
45 F e b 20 49 A pr 2 5
33% Jan 22 39% Apr 19
75 Mar 1 77% A pr 19
134% Jan 21 174 A p r i l
137% Jan 11 144 A pr 12
22% Jan 25 32% Alay 7
90% May 5 93% May 2 3
83% Jan 22 90 A pr 17
43% Ja n 24 50% Alay 7
49% Jan 14 80 Alay 7
75 Jan 16 90 Alay 15
160% Ja n 27 175 Alay 1
18 6
Ja n l i 190% A pr 4
204% Jan l i 271 A p r 29

172 174
173% 174
*155 160 *155 160
*200 210 *200 210
21% 21%
21% 2 2 ^
39
39
38
38%
18% 19%
19
19

H ig h est

20 Feb
50 Sep
42% Jan
70 Ala\
81 % Jan
83% Feb
55% Oct
77 Alai
116 Alai
87 AIa>
54 %J an
145% Jan
29 Ala)
27 Ma>
7 2% Jan
91 Jan
120% Jan
16 Jan
90 J ’ly
75 Ala>
41 D ec
23 Jan
58% Jan
134 Ala>
175 Ala)
L68 %Jan
207 Alai
116 %J an
125 Alai
180 Alai
10% Jan
28% Dec
12 ' Jan
5 8 AIay
73 Ma)
L15 % J ail
6% Jan
40 J an
16% Jan
105 Alay
188% Jan
29% Jail
80 J an
18 Jan
1 4 %D ec
36 Dec
4% Fob
13% Jan
24% May
59% Jaii
39% Jan
41 Jan
81 Jan
1 7 Tmi
1 6 7 ^ AI ay

34 N ov
mi D eo
91 J ’ne
108 Ai ay
114% May
97 J ’lie
88% A pr
122 N ov
146 N ov
117% May
89 N ov
196% Deo
52% May
50% Apr
82% Apr
J 10 N ov
130 A pr
27 N ov
94% Mar
90% J ’ne
56 Mar
52% Deo
77% Sep
188 Alay
200 May
215 Alay
248 Anr
175% J ’ne
146% N ov
201 Apr
31 A pr
57% A Dr
20% Alay
60 Alay
101 N ov
124 N o v
18 A pr
60 D eo
28% Apr
185 %Apr
258 Deo
53% May
103% J ’ne
45 J ’ne
17 Deo
40% D eo
12% J ’ne
22% Sep
45% J ’ne
75 Deo
62% D eo
68 A pr
95 A pr

Chic. R ock Islhi A Pacific
7,422 152 Jan i 6 181% Mar22
Chic. St. P. M inn, A Orn.
140 Feb 6 170 %A pr 30
Do pref.........................
195 Mar 6 210 A pr 15
4,300 15% F o b 21 23% A pr 21
Chicago T erm ’l T ransfer.
4,800 30% F e b 20 42 Aj)r21
Do pref.........................
Chicago U nion T raction . 10,100 10% Jan 8 23 Apr 29
700 14% Alar 15 60 A pr 28
Do p r e f...
*105 100 *105 106 Oleve. Cm. Ohio. A St. L.
500 95% Jan 14 107% A pr 24
Do pref......................
118 Jan 21 123% Feb 6
3l% 31%
31% 31 % Colorado A So., vot. trust 16,800 14% Jan 15 33 Apr 19
70% 71% *70% 71
1,270 59% Jan 15 75% Apr 21
Do 1st pf. vot. tr. cfs.
42% 43
3,200 28 Ja n 14 47 A pr 21
43
43%
Do 2d pf. vot. tr. ctfs.
175 177 S 175% 177
>
lY e la w a r e A H u d son ___ 14,600 170 M arl 1 184% Jan 7
282 285 *270 281
600 253 Jan 15 297 F eb 4
l^ e la w . Lack. A W est’n.
*41% 42
1,400 41 A pr 7 47 A pr 17
"41% 42% D enver A Rio G rande___
90
91%
90
90%
Do p ref.........................
2,470 88% jVluylO 94% Feb 13
*46
49
48% 49 D es M oines A F t. D odge.
650 39 F eb 1 50 A p r 15
21
22%
21% 22 D etroit South, vot. tr. ctfs 18.735 13 F eb 3 22% Alay 2
41% 42% *41% 42%
2,300 33 F e b 24 44% May 7
Do pref. vot. tr. ctfs.
17% 18%
17% 17% D uluth So. Shore A A t l.. 14,985 10 Jan 15 18% A pr 9
31% 32%
31% 32
Do p ref.........................
9,508 18% Jan 14 35% A pr 9
36% 37%
36% 37% I^ r ie ....................................... 40,050 35% May 19 4 4% Jan 2
67% 68
4,500 65% May 19 75% Jan 2
67% 67% Hi Do 1 st p ref..................
51% 52
3,010 51 May 17 63% Jail 2
§ 51 % 51 %
Do 2d p ref..................
55
55
2.500 50 Mar2(> 74% Mar 7
54% 54% E vansv. A T erre H a u te..
*83
86
Do p ref.........................
700 83 May 21 104% F eb 27
*83
86
* a ft
aft V t Wnrfh.fe r u .T » P utrm.
T
i (win 30 T n 9
*1
47
47
184 185% *184 186 *184 186 G reat N orthern, pref
800 181% Alar 5 191 ,Jan 6
208 Alar
ftU3, W 7^
O
ft73, TPAh
ft7
on
i
26 70 .Tan 11 on ai <vO •>
1 ] io Apr
20% 20%
2 3 5a 2 4 7a
21
23%
708
79
80
79
80
81% 81%
81
82
81% 81%
3,050 66 Jan 16 85% A pr 29 40% Alay 75 %D e«
81% 82% TT ock in g V a lle y ...............
89
89
90
90% *90
91
90% 90%
90% 90% 11-D o p ref..........................
975 81% Jan 14 92% A pr 3 69% Jan 88% D eo
89 78 89 7s
160% 151 % 150% 151
151% 152% 152% 152% 152% 154
153 153% I llin ois C entral................ 17,516 137 Ja n 14 155% Alay 1 124 Ala) 154% J ’ne
43 % 44
44% 45
•4 4
46
45 % 45%
45% 45%
2,300 37% Ja n 15 51 %MarlO 21 Jan 43% J ’ne
45% 45% I o w a C entral......................
82
82%
•8 2
84
82
83*2
83% 84%
2,200 71 Jan 14 90% A pr 28 48 Jan 87% J ’ly
Do pref..........................
84% 84%
83% 83%
40% 40% "40 .........
40% 40%
40 Si 40% *40% 42% *40% 42 ] 7 a n a w h a cfe M ich ig a n ..
500 33% Jan 25 42% A pr 4 21 Jan 41 J ’ne
8 2 34 8 2 34
82% 82%
*82% 83
82% 82%
1,500 80% Jan 2 85% F e b 24 77% D ec 81% Deo
82
82%
82% 82% lV C .F t,S .A M .,tr. cts. pfd
30
32
32*2 33*4
33% 35
31% 32%
34% 35%
34% 34% K ansas C ity So. vot. t r . .. 34,350 19 Jan 15 35 %Alay22 13% Jan 25 A pr
59% 60
58% 60
69
60
60% 61
60% 61%
61% 62
Do p ief. vot. tr. ctfs. 15,200 44 Jan 14 62% A pr 21 35 Jail 49 A pr
*31
35
*31
35
•3 2
35
34
200 13 Jan 15 40% A pr 29
5% Jan 18% Oct
33% 33% *33
*32% 33% K eokuk & D es M o in e s...
*65
75
*65
75
•7 0
75
*65
70
Do p r e f..........................
*65
70
45 Jan 2 84 A p r 22 24 Jan 45% Sep
*65
70
64
65
"64
67
65% 65%
66
66% *65
1,400 64 Jail 15 71% Jan 3 39% Jan 76% N ov
67
65% 65% T ake E rie & W e ste r n ...
*125 132 *125 132 *127 132 *125 132 -Li Do p ref..........................
*125 132 *125 132
125 Jan 15 138 F eb 6 108% Jan 135% Sep
3b5 Apr 7 340 A pr 25 §230 Apr §355 N ov
L. Sliorft
Mich. S ou th ’!)
86% 87
36
87
88
88% *86
90
1,220 78% J an 15 91% May 2 67 Jan 90 D eo
89
89
*86
89 Long Isla n d ..........................
136% 138
137*21-11*4 1 3 9 7s 140*2 139 139% 139% 140% L o u isville & N a s h v ille ... 15,830 102% Jan 27 116 Alay 7 70 Alay 111% J ’ne
1 3 8 139
i s o ' . j m s f i 131 132
181 132
131% 132% 132 132% 131% 133% jVT anhattan E leva ted . . . 27,450 128 Mar 12 140% Jan 29 83 Alay 145 D eo
110*4 110% 109% 110 *108 114% *109 113
2,277 109% May 19 118% A pr 2 9
112 V 113
>
H IM 113% iLLetrop. Secur., sub. reo
146% 147*8 147% 148
147% 148% 148% 149% 149 149 % M etropolitan S tr e e t.........
3^320 146 M ayl2 174 wFeb 5 150 Alay 177 J ’ne
1 4 6 34 147
*39
41
"39
40
*39
41
*39
40
39
39
110 38 F eb 7 43 Ja n 6 27 Jan 41 N ov
§38
38 Alet. W est Side E l. (Chic.)
90% *89
90% ‘ 88
Do p ref.........................
-8 9
90*2 *89
23 89 Alar 3 91% Alar22 79% Jan 93 Sep
90*2 *89
90% §89% 89%
27% 2/%
7,825 25% Jan 15 31 %Alar31 12% Jan 30 May
27% 27%
27 78 27%
2 <38 2 7 34
27% 28
27% 27% M exican C entral................
ATichigan C entral.
* ..........175
§150 Mar 7 192 A pr 29 107% Alar 180 N o v
ll0 % 1 1 0 % I i o n o
2,700 105 J an 27 115 A p r 19 67% Jan 111% J ’ly
i i i i i i * 2 111%111% '110% 112 % 112 112% M inneapolis & St. L ou is.
Do p ref......................
118% J an 22 127% A p r 28 101% Jan 124% Oct
v124 12S
126 126
54% 55
55
58
800 36% J an 2 64 A pr 5 15 Alay 36% N ov
58
59%
58% 59%
59
59 Minn. S.~P. c%S. S. M ane.
5538 553s
1 1 8 34 120
119 122% 1 2 2 34 123*2 123 124% 124 124%
Do p ref.........................
100 90 Jan 14 125% A pr 28 49 A pr 94% N ov
•1 1 9 121
24% 24% *25
24% 25
28
8,300 24 Mar 5 27% Apr 18 15 Jan 35% A pr
25% 25%
25% 25%
25% 25% Mo. K ansas & T e x a s ........
Do p ref.........................
55
56
54% 5 5 S
3,685 51 Jan 13 58% Apr 29 37 Alay 68% A pr
54*4 5 4 3i
55% 56
55% 56%
56
56%
99
98*s 99
98% 99%
3,650 96% Alar 11 107 Jan 2 09 Jail 124% J ’ne
9 . * 98*% 98
-3
99% 100
99% 100 M issouri P a cific ................
4,750 80 Jan 24 122 A pr 2 2 §70 J ’ne §82% N o v
*105 110
104% 104% 1 0 4 105
107 107
107 107 *102 107 IVT ash. Cliatt. & St. L ouis
17% 18
17% IS
18
18%
18% 13%
18% 18%
18% 18% 1^1 at. of M ex., vot. tr. ctfs 34,500 o 14% Jan 15 20% Alar 10 c 3% Jan 15 %Oct
39% 40
40% 40%
40
40%
40% 40%
Do pref., v ot. tr. ctl’s
1,400 39% AIayl9 4 5 % ALar 18
40% 40%
40% 41
154% 155% 153% 155% 154% 155% 155% 156% 156% 157% 156 157% N. Y. Central & H u d son .. 28,443 153% A!ayl9 168% Jan 2 139% Jan 174% N o v
52
03%
52% 53
5,100 46% Jan 15 54% A pr 17 10 Alay 57 % Sep
52
52%
53
54%
53
54
53% 53% N. Y. Chic. & St. L o u is ...
Do 1 st p ref..................
320 117% A!ay21 124% J an 27 97 Mar 120 Sep
»115 120 *115 120 *115 120
117% 118 *115 119 *115 119
Do 2d pref..................
4 ,200 84 F eb 4 92% May 21 47 M ai 95 Sep
•8 6
90
89% 90
89 78 8 9 7s
90% 92%
91% 92
90% 91%
230 230
231 231
1,650 209% Jan 30 255 A pr 2 8 §206% Feb 217 J ’ne
2 3 0 230
232% 238
236 236
234% 234% N. Y . N . H a v en & H artf.
32
32%
32
32*i
32
33
32% 33%
32% 32% N. Y. Ontario & W estern. 10,400 32 Alar 11 36% Jan 2 24 May 40% Alay
32% 33
55% 56
56
56%
55% 56%
56% 57
56% 57%
56% 57 Norfolk & W estern ........... 11,400 55 Ja n 14 59% A pr 25 42 Jan 61% N ov
*89
91
*88
90
Do adjustm ent, pref.
20 90 F eb 21 93 Jan 14 82 Feb 92% N o v
*89
91
§91
91
*89
91
*89
91
*66
70
100 68 A pr 30 75% Mar S 52 F eb 78 D eo
* 66
70
99*2 69*2 "67
70
*67
70
*65
70 p a c if ic Coast Co...............
*100 105 *100 105 *102 106 •1 0 0 104 *100 104 *101 104 L Do 1st p ref...........
100% Jan 6 106 Alar 2 5 89 Feb 103% D eo
Do 2d p ref..................
*76
80
*76
80
79 Ja n 20 S2% Alar S 03 Jan 83 NoV
*76
80
*76
80
*76
SO
*75 ' 80
147% 148% 14734 143*2 148 1493s 149 149% 149% 149% 149% 149% P en n sylvan ia....................... 64,242 147 Jan 14 154% Alay 2 137 May 161% A pr
*36
41
?eoria < E a stern _______
fc
-3 5
42
39 Jan 8 47% A pr 9 14% Jan 50 Sep
*36
41
*36
43
*38
43
*36
43
*72
75
*72
75
*71
75
100 71 F e b 15 S3 Jan 14 33% Jan 94 N ov
*71
75
*71
75
*71
73 Pere M arquette..................
*.......... 90 *
80
80
Do p ref.........................
*.......... 90
100 SO Alayl7 §85 Mar 2 5 72 Jan 86 J ’ne
90
fc
93
94
4,125 80% Jan 7 98% May 9 57 Jan 81 D eo
92
92%
92
93
93% 95%
94
95
95
95% P itts b. Cm. Chic. < St. L.
Do p ref.........................
L13 Mar 2 5 128 M avl4 88 J an 113 D eo
*116 127 *120 127 *116 127
*116 127
•95% 9 6 ^ *95% 98% *95% 96%
p R. Securities, “A ” ctfs
700 95% Al ay 21 96% AIavl5
95% 96
96
96%
5 9 34 61*8
61% 62%
60% 61%
62% 63%
61% 62% rV eading, v o t’g tr. c tfs .. 243,450 52% MarlO 68% A pr 2 S 24% Jan 58 D eo
62% 63%
1st pref. vot. tr. c tfs ...
82
S 2 5g 82% 82%
5,730 79% MarlO 87 A pr 22 65 May 82% Deo
82% 82%
82% 84
83
83%
83
83%
66% 67%
2d pref. v o t’g tr. ctfs. 47,600 60 Jan 14 74% A pr 2 2 38 Jan 64 %Deo
66% 67%
67
6S*2
68
69 % 68
69%
68
68%
•80% 80%
81
83
82
82
82
82
675 75 May 16 125 A pr 23 97 N ov 112% N ov
*83
85
82 *2 82 h Rutland, p r e f ......................
*19
21
rt t. Joseph & Gr’d Island.
7% Jan 15% j ’n e
21
200 12 Jan 14 24 MarlO
20% 20% *20
19
19
/
67
67
Do 1 st p ref............. .
311 62 F eb 6 74% F eb 25 55 Oct ;8% J ’ne
63
68
*29
31
Do 2d p ref..................
30
30
*30
31
500 27 Jan 7 35% M arl 2 17 D ec 36 J ’ne
29
29
*29
31

BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
Banks

Banks

C itiz e n s’........
A s k C ity ..................
B id
A m erica!] . . . 5 2 5 540
C olon ial 1 . . .
J
A m er E x c h .. t 2 7 5 . . . . . . C olu m b ia n . .
A s t o r 1 .............. 7 0 0
C o m m e r c e ...
B o w e r y !)---- 300
Corn E x c h lj.
E a s t R iv e r ..
B r o a d w a y ... t327%
B u tc h ’s A Dr 155
E m p ’e S ta te l
C e n tr a l......... 185
F id eiity V i___
195
F ifth A v e il..
C en tu ry fl.... 150 170
C h a s e ...........
. . . . . . F if t h ................
Chatham . . . . 1340
F ir st ( n e w ) ..
C h e m ic a l___ 4 3 0 0 . . . . . . 1 4 tliS tr e e t1 l.
N E W YORK
CITY

B id

A sk

205
21 5
t c i o 625
__
385
351)
t349% ••••••

Banks

F o u r th
G a lla t in ........
G ansevoortH
G a r fie ld ........
G erm an Amt!
1461%
G erm an Exti
155
G erm aniat] ..
195
210
G r e e n w ic h 1
J
210
H am ilton!) ..
4000
1la n o v e r ........
375
42 5
H id e
L ’ath
825
Im p A; T ra d .
200 3 0 0 * ’ I r v in g ..........

B id

235
4 25
14 0
5 00
1165
350
600
300
170
650
340
640
220

A sk

Banks

J e ffe r s o n l]...
L ea th er M fr.
L ib e rty ........
L in c o ln ..........
.......... M a n h a tta n !].
M arket A Ful
M e c h a n ic s’ .
M ech A Tra*
Ale r can tile ..
M eroli E x e li.
M e rc h a n ts’..
ALetropolis li
2*30"" M t M o r risli..
24 5
440

B id

175
2 55
6 50
1000
325
250
290
16 0
290
150
185
900
215

A sk

B anks

M u tu a l!)........
2 70
N a ssa u !! ___
m mm N e w A raster
m mr
n
-••••• N c w Y o rk Oo
340
X Y N a t E x.
270
N e w Y o r k ...
300
19 th Ward* .
170
N or til A m e r .
30 5 ! i >riental1l___
165 1 I’a c it ie t i........
T u rk ...............
195
1V ople\s1|---t 'h m n x ..........

B id

2 90
190
650
1500
240
t 354
15 0
250
1223%
205
i 645
250
1 10

A sk

Banks

P la z a !!............
P ro d E x c h !].
725 • R iv e r s id e !]..
;Seab o a rd ___
..........| s e c o n d ..........
S e v e n th ,n e w
s h o e A l.o th .
2 7 5 , s t a t e 1 ______
12th W ard1 .
. W. uP. .
«- »-i - I
6 53 ; C m en S o t;..
U nited N a n
ia o 1 Y a n o k !)........

B id

AS*

650
160
300
56 0
65 0
1136%
120
ISO
6 60
1 10

no

330
125
260

i»r

* B id and asked prices; no sa les w ere made on this day. § L ess than 100 shares, t Ex rig I lls . • State hanks, a Kx d ividend a ml rights. 5 \ o\n stock.
s Trust Co. certilica tes.
c Includes, prior to .May 17, d ea lin gs in eld Alex. N at. t r u s t re c e ip ts

1 S ale at S tock E x ch a n g e or at auction th is week,

Stock Record —Concluded— Page 2

May 24, 1902, (

S T O C K S - - H I G H E S T A N D L O W E S T SA L E l ‘U l( 7JSS
S a tu rd a y i
M a y 17

J\Ion da 11
M a y 19

T u e sd a y
M a y 3()

Wednesday
M a y '31

Thursday
M a y 33

F riday
M ay 33

STOCKS
N E W Y O RK STUCK
E X C 1i A N O K

*30
*80 ......... : L Law. tfe A d iro n d a c k ...
08%
68
(58 : 1. Louis A San F r a n .......
08
*83
84
1 >o 1 Ht p r o ! ................
7 1 % 71 %
J >0 2 d p r o f ........... ...
7 i % 71%
27 1., *26% 28 ML Louis S o u th w e s te rn ..
27%
59 % 59% 59%
59
Do p r e f .........................
64% 04%
0 1 % 05 11 Sou th o rn Pacific Co.........
30% 37%
30% 37% Mon th o rn v o tin g tr . C1 fm..
94 % 94%
Do prof. vot. tr. c LI'h.
94% 95
90
90% *90 ......... AI A O. sto ck tr. otffl . ..
- 0 % - 0 % 40% 41 % •I P , 41% r IVxnH A P a c ific ..............
1
* 40
40%
39% 40%
1
39 % 40
1 b ird A v e n u e (N. Y .)...
*131 1 3 ‘
2
130 131 *130 131 *130 132 *130 131 *130 131
21
21
2 1 Tol. St. L. A W. v. tr. CtJ'H.
20% 20%
21% 2 1%
21
21
21
2 0 % 23
38
3 0 % 37%
37% 37%
Do prof. vot. tr. c tfs.
37% 37%
38
88%
38
37
8734
119% 120% 1 2 0 1 2 0 % T w in C ity R apid T ra n s it.
118% 118% 1 18 118 % *118 119 *118 1 2 0
M 50% 1 HO *156% 10)0
T)o p r o f . _____ . . . . . .
★
160 * 15 0 % 160
1 3 6 11 L60
’
3 02 7e 103 % 1 0 2 % 103% 103% 104% 104 104% 104% 105% 104 % 105% 1 f 11 ion P acific....................
87%
87% 87%
87
87%
87% 87%
87
87
87 % 8 6 % 87
2 0 % 27
27
27 % \ \ T a b a s h .............................
20
26%
25% 26%
26% 27%
26
20%
44%
43% -14%
42% 43%
Do p r e f .......................
43%
4 3 30 4 3 78 41% 43%
43% 43%
22
*22
2 2 % W h eelin g So L ake E r i e ...
2 1 % 2 1 % *2 1 % 22 %
21
21
21
22%
22%
62%
62%
02
02%
*57% 61 % *00
03
02
62
Do 1 st p r e f ..................
60% 60%
35 % §33% 33%
85% *34
33% 34
33% 33% *34
D o 2 d p r e f ..................
34% 34%
20% 20%
27% 27% W isconsin C ent. v. tr . cfs.
25% 26%
2 0 % 27%
27% 27%
25 Si 26%
47% 47%
48%
Do pref. vot. tr . c tfs.
46% 47%
48
48% 49% §48% 48%
47
47%
M is c e lla n e o u s .
200 215
205 §225 §205 205 *205 215 *205 215 A
A dam s E x p re s s ..............
*195 220
67% 6 8 % 08% 70%
69% 71%
70% 71% f-a m alg am ated C o p p e r...
67 % 67%
6 6 % 68
6%
7
7
7
7
7
6%
0 % A m eric an B ic y c le .............
6%
6%
0%
6%
*21% 23% *2 1 % 23% * 2 0 % 23% *22
23 %
22
22
Do p r e f .........................
2 1 % 22%
30
30% A m erican Car
29% 29%
29% 30%
29%
30%
F o u n d ry
29
30
29% 29%
90
90
89% 89 % 89% 89%
8 8 % 8 8 % *8 8 % 89
Do p r e f .........................
8 8 % 881.1
52% 52%
53
53 A m erican C otton O il.......
53%
51% 51%
53% 53%
53
61
62
*96
99
*90
97
Do ])ref .......................
40
*37
40 A m eric an D ist.T e le g ra p h
*38
38
37% 37% *37
40
38
- *37
39
225 225 §225 230 *225 230 *225 230 A m erican E x p re s s .............
220
220
*220 230
57%
57
57% A m erican G rass T w i n e ..
55% 56%
57
55% 55%
64
55%
50% 57
18
18%
18%
18%
17% 18
18
18% 18% A m erican I c e ......................
18
] 7 5a 18*8
61% 61%
61
61
61
Do p r e f ......... : ..............
61
61%
61% 61%
*60 ......... *60
23% 23% §23% 23%
24% 26% A m erican L in se e d .............
24%
23% 23%
24
*24% 25%
*50% 54
51
51
52
50% 50%
*50% 55%
52
Do p r e f .........................
*50
57
30% 30%
31
31% A m eric an L o c o m o tiv e ...
29% 31
30% 31%
30% 31%
31% 31%
92% 92%
91% 92%
92% 92%
91% 92%
92
92%
Do p r e f .........................
92% 92%
5%
5% A m erican M a ltin g .............
*5
6
5% 5%
5% 5%
*5 % 6 %
*22
24
23% *22
24
* 2 2 “ 24
*22
24
23%
Do p r e f .........................
45% 46
47% 48% A m er. S m elt’g & R e fin ’g.
46% 47%
46% 48%
* 4 5 6a 45 34 45% 45%
96
96
96% 97%
95% 95%
96% 97
96
96%
Do p r e f .........................
96
96%
103 103
103 103
103 103 *103 110 A m erican Snuff:..................
103 103
*97% 98%
98
97% *96% 97% §98
98
98
Do p re f.........................
97% 97% *96
1 26 127% 125% 126% 127% 128% 127% 128% 127% 130% 128% 129% A m erican S u g a r R efin in g
119 119 *118 119% 118% 118 % 118% 118% §118 1 ]9
Do p r e f .........................
*11812 1 2 0
*90
95
*90
95 A m erican T el’gli & Cable
95
*90
*90
95
*90
95
*90
95
*177 180 *177 180
A m er. T elep h .
T e le g .
178 178
14
14
14
14 A m erican W o o l e n ...........
*13% 14% *13% 14%
14
14
70
76
76
76
*74
75%
Do p ref
*73 ” 75
112% 113% 112% 115
115% 117
117 118% d A n aco n d a C o p p er...........
*112
113% 1 1 2 1 1 2
234 235
231 231
O ro o k ly n U n io n G a s___
237 237 *230 240 *232 240 *230 240
§12
12
*12% 13 -O ru n sw . D ock & C .Im p ’t
12
12
1 2 % 13% * 1 2 % 13
*1 1 % 12
95% 98
95% 97
98% 100% /Plolorado F u e l & I r o n . ..
98
99%
98% 99%
97
99%
•1 3 2 136 *132 136 *132 136 *132 136 *132 136 *132 136 vg Do p r e f ...............
18% 18%
18% 18% Col. & H ock. Coal & Iro n .
17% 17%
18% 18%
17% 18%
*17% 18%
221 221% 221% 222
522% 222% 221 % 223% C onsolidated G as (N . Y .).
220% 221% 219% 221
120 120% §121% 121% *120 121 §121% 121% C o n tin e n ta l Tobacco, p ref
119 119% 119 119
32% 32%
32% 3 3 1
4
33
33
33% 33% C orn P r o d u c ts _________
33% 33%
32% 32%
87
87
87% 87%
D o p r e f ......... ...............
87
87
*86% 88 ~ *86% 88
136 136
•1 3 4 136 *134 136
136 136 *135 137 *135 137% D iam ond M a t c h ................
8%
8%
8% 8% D istillin g Co of A m eric a.
8
8%
8%
8%
8% 8%
38
38%
39% 39%
37% 38
39% 40%
Do p r e f .........................
38
38^
38% 40%
314% 317
314 316% 315 316% *311 319
315 316 G en eral E le c tr ic ................
815 317
41
44%
41
41%
44
48% G eorge A. F u lle r Co.........
43
45%
43
44%
40
41 %
92
93
93
95
97%
93
93
*99 101
Do p r e f ................
92% 92% *91
20% 21
*20% 21% *20% 21%
21
21%
*20% 21
in te r n a tio n a l P a p e r .......
21% *21
75
74% 74%
74% 74% i Do p r e f .........................
74% 74%
74% 75
*74
74% *74
87%
75
80
75
I n te rn a tio n a l P o w er
"75
80
14%
14
14%
13
14
14
14
14
m - s 1 4 % I n te r n a tio n a l S ilv e r.........
13
16
65
60% 64%
60
62% "60 % 64%
65
65
61
Do p r e f .................. .
69% 65
53% *53
55
*53
55 I n te r n a t’l S team P u m p ..
54
53
*53
56
54
( *53% 55
*87
93
*87
93
*87
93
90% "87
93
90%
Do p r e f .........................
*87
'93
*14
17
17
*14
17
16% 16% M a n h a tta n B e a c h .............
*14
17
"14
*14
17
47% 47% V T ational B is c u it.............
47
47%
47
47
47%
48 *2 4 8 34 47% 48
47%
107 107 3105% 105% 105% 106 *105% 107% H Do p r e f .........................
107 107
•1 0 7 109
21% 23% N a tio n a l L ea d ......................
20
19% 19% *19% 20%
20
20% 21%
1 9 58 20
89% *88% 89% "88% 89%
#89% 91
89% 90
Do p r e f .........................
i *88
89% *88
170 170 N ew Y o rk A ir B ra k e ........
165 165 *164 170
170 170
167 167
165 167
17 N e w Y o rk D ock .. ..
25
*16
25
25 : *14
25 1 *18
*16
★ 16 ......... * 18
§50
50
53
53
54
53
*50
"50
*50
,* 5 0
54
53
Do p r e f .........................
124% 124% N o rth A m erican Co., new
123 123
120 122% 119 121% 121 121% 121% 123
*38
41
40
41
42% O a c ific M ail . . . .
40
40
37% 37% *38
101% 101% 100% 101% 101% 101% 102 102% 102% 102% 102 102% IT eop. G as-L.& C. (Chic.)
42% 43%
44% 45% P re sse d S tee l C a r...............
43
43% 43%
44
44 % 44%
43%
44%
84
83
84% 84 'g 84% 84%
*84 .........
84% 84%
Do p r e f .......................
83% *83
•2 3 0 236 *231 238 *232 238 *231 238 "235 239 *235 234 Pullm an* C o m p an y ...
31
31% 32
31
32
31% 31% *30% 32
32%
I > ail w ay S tee l s 'p rin g ...
86% 86%
86% 86%
86% LV-Do pref.
86
85% 85%
86 % 86% 8 6 ^ *86
17% 17% R e p u b lic I ro n & S t e e l . . .
16% 17%
16% 17%
17 % 17%
17% 17%
17
17%
72% 72%
72% 73% *72% 73%
73% 73%
72% 73
73% 73%
Do p r e f ___...................
*20
22
21
*19% 22 R u b b e r Goods M fg .............
20
20
19% 20
19% 20%
21
*67
72
*67
72
72
*67
69
*67 % 72
*67
72
* 67
Do p re f.
30
*28
31
30
*28
31 Q losS'Shefiield St. & Iro n
30
30% 31
*29
32
81
82
82
*81
82 O D o p r e f .........................
*80
82
80% 80% *78
*81
"81
*7% 8%
7% 7%
"7%
8
7% 7%
7% 7%
7% 8 S ta n d a rd R ope & T w in e ..
61% 62 % 62% 63%
64
63
63%
63
63
63% T en n . Coal, I ro n & R R ...
61% 62%
42
*39
42
*39
"39
42
T ex as P acific L an d T ru s t
*15
16
*15
*15% 16
*15
16
15% 15% J Tnion B ag & P a p e r .......
16
*15% 16
81% 81% *81% 82
*81% 82
§SL% 81% t J Do p r e f .........................
'81% 82
81% 82
11% 12
12%
12% 12%
11% 12
12
12% 12% U. S. C ast 1. P ip e fr, Eon n .
11% 12
42%
44
44%
43
43
42
43% 44
43
43
43% 43%
Do p r e f ...
115 115 *115 119 *114 118
114 114% 115% 115% U n ite d S ta te s E x p r e s s ...
*115 118
12% 13%
13
13%
13%
13%
13% 13%
13
13%
_
13% 13% U n ited S ta te s L e a th e r _
83% 83%
83% 83%
83% 84%
84% 84%
84% 84%
Do p r e f .........................
83% 83%
16% 16%
15%
16%
14% 15% U n ite d S'tates R u b b e r___
15
16
16
16%
*16% 17
*57 % 59
*57% 59
*57% 59
56% 57 % 0 6 % 57
*57% 59
I)o p re f.........................
39% 40%
40% 40%
40% 40% U n ite d S ta te s S te e l...........
39% 40%
38% 40
40% 40%
90
90%
90% 90%
90 % 90%
90% 90%
88% 90%
90% 90%
Do p re f.........................
71%
71% 72%
71% 72% #70% 71% V irg in ia-C aro lin a C hem ..
72
73
7 1 ’2 72 % 71
'1 3 0 133
'
132% 132%
l)o p re f..
*132 134% • ] 30 132%
205 205 *205 215 *205 220 ~ "205 220 '2 0 5 220
Y l^ e lls, F arg o & C o.......
1215 215
89%
89% 90%
90% 91%
90
91%
89
91%
91
88% 90
e s t’n U n io n T e le ’gph
208 212
210 213
212 215 W est’g h ’se E l <&M fg assen
210 210
205 206
207 208
210 210 '2 0 6 215
*210 215
...... _____ -208 210 *212 220
Do 1 s t p r e f ..................
*3*0 .........
04% 05%
01%
*83
84 % *83
71
71
71%
26%
*27
28
f>S
58%
57%
03
04 *4 04%
30
30 Si
35%
94
04 *8 94%

*30
05 % 05%
*83
84
71
70%
26 % 27%
58%
58
03%
64%
30%
37%
94 % 94%

.........
07
85
71
27%
58%
04%
30%
94%

*30
07%
*83
7 1%
27
58%
03%
30%
91%

08
84
71%
27
m
04%
37%
95

1073

SaD'.s 01 Jianye fo r Year V.Lf)'! 1 Hang* foi J'revioui
On basis of 1 0 0 -share lots
t loWee Ic,
Shares
Lowest
j I l i y he,st
/ / 1a best
1 Lowest
.........

134 Dec
50 % Dec
88
M ar
7 0 1 .J’ne,
4
39 % A p r
71 J IK
)
03% J ’ne
35% J ’nfl
94 % Nov

225,360
2,900
29,050
20,505
2,950
700
1,250
17,120
6,325

50 May 16 1-11 % F eb J.7 I 57 J a n
55% .7an 2 72% A pr A 21 % Ja n
83 F eb Ij 88 J a n 11 75 J ’Jy
70% M ay 5 77 J a n L 1 53 % .1an
24% M ar 6 30% A p r 19 JO Mm,
5 5 M ar .5 03% A p r C 4 1 % Ja n
M
58 Jim 27 69% A p r 2 1 20 JV
f.flr)
5 J % J an 27 -19 % A p r J 5 .18 J an
92 J a n 1.4 98 % A p r I 5 67 % J an
90 May 2 2 0 0 % i
37% J a n I 5 A 4% A p r l 9 23 % J a n
i 55 J a n • 134 F eb 7 1 J 7 May
1s % J an 21 23% F eb 1 1 10% Fell
35 J a n 15 13% I eh 1 J 28 M ay
107 J a n 20 124 A p r 21 05% Ja n
157 May! 5 J 59 Feb 1■ 147 A p r
98% F e b 28 108 % A p r 2 ) 70 May
80% M ar 0 91% J a n 2 8 J % J an
21 % J a il 14 28 A p r 30 J 1 % Ja n
41 % J a n 13 46% A p r 30 23% Ja n
17 J a n 27 23% A p r 29 1 1% J an
49 % J a n 27 06 A p r 20 45 May
28 J a n 14 38 % A p r3 0 24 May
19% J a n 3o 29% May 7 J 4 % J an
39% J a n 24 51% M ay 7 38% J a n

400
230,135
1,400
977
5,560
1,315
3,500

199
61
2
10
28%
85%
30%

2202 D ec
130 J ’ne
. 8 % A pr
35 A p r
35 J ’ne
89% J ’Jy
35% J ’ne
91 % J a n
40 May
210 Nov
45 N ov
41% M ar
77% M ar
30% J ’ly
06 J ’ly
33% Nov
91% Nov
8 J ’ne
30 J ’ne
69 A p r
104% J ’ne
49% J ’n«
90 J ’i 4
153 J ’ne
130 J ’ly
100 A p r
167% Sep
21% J a il
82% J ’ly
54% A p r
228 A p r
14% A lar
136% J ’ne
142% A p r
25% J-’ne
238 A p r
124 J ’ne

0

.........
3,415
606
2,528
92,810
00,4 65
4,925
1,060
7,000
(540
810
2,400
2,600

200

371
6,153
4,600
1,160
2,550
300
10,700
5,825
400
10 0

38,650
5,760
500
380
103,510
586
100

440
420
15,600
400
725
60,720

e:
00

00

1,400
8,900
1,066
3,150
540
200
10,700
8,200
3,110
27,112
3,070
600
1,008
600
7,873
3,626
500
100
200
3,800
800
25,525
2,100
600
500
166
1,800
2,700
6,800
10,550
1,200
1,700
1,112
5^00
1,800
1,690
300
100
1,000
13,600
100
335
1,810
1,420
'510
10,635
2,700
2,0 JO
820
155,935
55,772
8,900
3 47
19,097
2,620
100

J a n 4 §225 MaylO
M ar 2 5 70 F e b 1
F eb 2 5
8 % A p r 14
J a n 6 26% A p r 14
A p r i l 32 % M ar24
J a n 14 0 1 % M ar25
J a n 10 57% A p r 28
86
F eb 3
32% J a n 14 42% M ay 2
210 J a n 13 244a4 F e b 11
39% J a n 9 59% A p r 28
16 A p r 10 31% J a n 2
54 A p r 8 67 J a n 3
15 J a n 14 28 A p r 30
43 J a n 13 58 M a r l 7
29% M ay 19 36% A p r 29
89 J a n 3 100% A p r 2 9
5 J a n 20
7 % Ja n 6
21 J a n 20 2 5 % A p r 9
43% A p r 22 49 % J a n 29
95 A p r 30 99% M arlO
40 % J an 22 106% A p r 28
85 J a n 13 100 A p r 19
116% J a n 6 135% M ar31
115 J a n 2 120% M ay 7
84 M arlO §96 J a il 7
160% J a n 13
13% May 1 17 % J an 7
73 A pr 2 3
dl 10 A p r l ? 146 F e b 1
210 J a n 4 242 A p r 25
10 J a n 13 14% A p r 23
84 J an 8 110% A p r 24
§130 J a n 29 2140 M sr20
14% J a n 16 23% A p r 4
213 J a n 15 230% A p r 2 5
115 .Tan 2 124% A p r 25
32% M ay 19
86 Ap r 2 3
130% J a n 13 1 3 9 % J a n 2
8 F e b 20 10 F e b 3
33 J a n 3 42% A p r 4
276% J a n 15 334 A p r 9
40 M ay 17 48% M ay23
92 - M ay20 97 % ATay 2 3
2
19 J a n 14 23% M a r‘ 0
73% M ay 5 77% J a n 7
75 M ay l9 199 A n r 29
6% J a n 27 19% A p r 18
45 J a n 14 65 M aylT
47 J a n 2 57% M a r l 9
87% J a n 13 94 M ar21
12 J a n 24 19 A p r 24
43% J a n 14 53% M a r20
104% J a n 3 109% A p r 4
15% J a n 18 2 3 ^ M a y 2 3
78% J a n 16 91 May 2 3
148 M a r l 7 196 A pr21
12 F e b 7 28 Ap r 4
39% F eb 21 5 6 % A p r 3
88 J a n 28 132% A p r 29
37 % M ay 17 49% M arlO
98% J a n 15 106 J a n 4
39 J a n 14 46% A p r 28
82% F e b 4 89 A p r 28
215 J a n 13 250 A p r 29
24 A p r 16 34% A p r 29
80 A pr 1 88 A p r 5
15% J a n 2 20 A p r 24
68 J a n 16 76 A p r 2 5
17 % F e b 2 S 25% A p r 21
66 F e b 11 74% M a r 2 2
2 9 % J a n 3 34% M a rlS
80% M ay l9 84% Alar 7
8% A p r 29
4 J a n 10
61% J a n 14 74% A p r 24
35 J a n 15 44% F eb 18
13 F e b 1 18% A p r 3
72 J a n 16 85 A p r 5
10% M ay 5 13% M ay 6
42 ' M ayl 9 47 M ay 7
97 J a n 2 126% A p r l ?
11% F eb 20 14% A p r 3
79% J a n 21 86% A p r 2
14 J a n 2 19 % A p r 14
50% J a n 14 64 A lar24
38% M ay 19 46% J a n 7
88% May 19 9 7 % J a n 7
60 J a n 18 76% A p r 28
120% J a n 17 134% May 15
§185 J a n 2 1 §220 M ay 2
88% May 17 94%. A p r 19
169% J a n 15 230% A p r 9
180 J a n 8 234 A p r 9

§145 J a n
60% Dec
1 % Sep
10 Sep
19 J a n
67 J an
24 M ar
85 Af>r
32 O ct
§169 J a n
39% D ec
25% O ct
62 Oct
5% J a n
31 J a n
22% Aug
83% Oct
4% F eb
22 % D ec
38% Oct
88
F eb
26 M ar
73 A p r
103% Dec
111 Dec
§94 J a n
157% N ov
13% M ar
70 Alar
28% D ec
175 J a n
8% Jan
41% J a n
116 M ar
12% O ct
187 J a n
93% J a n
127%
6%
23%
183%

62% Alay
129 % J an
25 5, May
39 % May
109% Jice
100 Nov
133 May
90% May
20 J ’lifl
40% J ’jjc
22 J ’ne
0 0 % Mar
38 M ar
26 J ’ne
49% A p r

O ct 152% A u g
O ct 10% J ’ne
Sep 34% N ov
J a n 289% D ec

18% Alay
69 J a n
54% .Tan
5% F eb
33 A p r
24% J a n
74 J a n
8 O ct
37 J a n
92 J a n
15 Alar
74% D ec
133 J ’ly
13 D ec
45 D ec
73% F eb
30% Alay
95% J a n
30 Alar
72% Alar
195% J a n

28 Alar
81% Sep
100 !->Alay
11 J a n
51 D ec
49 N ov
89 O ct
22 A p r
46 May.
103% N ov
25% J ’ne
93% J ’ne
175 A p r
15 D ec
47% D ec
109 J ’n e
49% N ov
120% J ’n e
52 J a n
89 A p r
225 O ct

11% Sep
55% J a n
18 D ec
65 D ec
19% F eb
65% J a n
3% M ar
49% Alai
19 J a n
12 A p r
65 A p r

24 J ’ne
82 A p r
38% May
90 Alay
41 % A p r
86% A p r
8% J ’ne
76% J ’ne
42 A p r
19% J ’ne
75% D ec

§53
7%
69%
12%
47
24
69
51
116
§130
81
145
167

Jan
May
Alay
O ct
Oct
May
May
J ’ly
A pr
Jan
Jan
Nov
Nov

100 A p r
16% Alay
83% A ug
34 J a n
85 J a n
55 A p r
101% A p r
72 A lar
125 A ug
199% D ec
100% Alay
180 Dec
187 Deo

BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
f lu n k s
Hid A8lc
B i d A sic T r u s t C o’s B i d A s k
B anks
T r u s t C o’s B i d A sic T r u s t G o’s B id A sic
BROOKLYN
BROOKLYN
C e n tral T r ’st 1925 1950 M o rto n T ru st 11100
W ash in g to n . 420
A 81C 1: Brook fynfl .. 130 . « ... S p ra g u e ....... 200 -•«••• C ity T r u s t... 400 420
M ut. A llian ce +348%
75
j 26tli Ward*,) 1 40
<lolonia.l
Y 1 ,i IVA T r 1 225 i 275
200
BROOKLYN
570 ;;;)()
....... 5 th A v e n u e ' ] 05 ....... , L n io n lj......... 140 l S 6 " C o n tin e n ta l. 645 660
200
B ro o k ly n T r 450
N Y S ee A T r 1390
*
550
j F i r s t .......
170
W allaboutlf . 105
272 L
1475
610 625
M a n u fa c trs’. 300
F ifth A ve T r
Real Hs t t r ■ 400
I
1
675
F r a n k lin ___ 325
240
M echanics’! . 218
St a n d a rd T r’t 400
G u a ra n ty T r 750 800
11 am 11 to n _
_ 311
1 T r u s t C on .
j M e rc h a n ts’.. 100
1 i 11 gs ( ’0
C
430
l\ n ick T b ’k ’r 800 825
1265
X. Y. CITY
IN a s s a u ......... 350
L incoln T r ... 350
L Is i 1 T r. 290 ......
T rC o of K pbc 1 95 20 0
N a t C ity ....... 290
1 A flan In; Q?r
M a im fac t’rs . 340 . . . . . .
310
M an h at tan .. 500
U n io n T r u s t 1390
BROOKLYN
N o rth Side*:. J 80 185
Jlowl’gG reen 205
N a s s a u ......... 215
M ercan t ile
1J S M 1g<fc T r 475
1 J 00
JFiedfordli___ 225 . . . . . . ! P eople's^!.... 206
B road w ayT r. 170 180
M e rc h a n ts’.. too
U n it S ta te s . 1750 1800 P eo p le’s ....... 350 ...... .
Broad way* .. 250 ......... j 17th WardH. J 30
| (J’IR ’ty B&Tr 540 ......... AI etropolit.au 650 ....... V a n N ’d o n T r I 248 ....... W ill lam sb ’g. 215 220
* Bid ;unI ask ed prices; no sales on th is day. § L ess th a n 100 .shares, t iv< rig h ts. d B e g in n in g Mai ch 31 q u o te d p e r c e n t in ste a d o f d o lla rs p e r sh are.
1 Hale a t .Stock E x ch a n g e or a t au c tio n th is w eek.
8 T r u s t Co. ce rtific a te s.
1 B an k s m ark ed w ith a p a ra g ra p h HI) a re S ta te b a n k s
1

B ank*
VKW YORK
CITY
W ash 1n g t’n '
W ash . I F lits '
W e st Hide'!..
W e s te rn .......
V orkviJJe', ..

Uew ¥ork Stock Exchange--Bond Record, Friday* Weekly and Nearly
o c c ji
BONDS
N . V. b f u O l i E X C H A N G E
WEEK EMDUfti M .iV *23
1 . S . liuVl'I'IIIIILMil
U & .s L-misnl I tim sli i e.d tl 11130
U
, iil> vil eoUlVdl
. / i i i - ji
i
U ft 'js» c o n s o l r e g s m a ll, .d L d 30
U to j c o i i b o l c u u p s m a l l d \ \ i j o
U to 3b r e g i s t e r e d ..............A1 9 1ft
;
U to 3b c o u p o n ..................... kLOLft
l 1 > . - 11
1 N
1 , ;, 1| | k , 1| | 1^ /.111
,
,
U to 3a cull s m a ll b o n d s . . A:IVI Lft
U to 4b r e g i s t e r e d ..............A190 7
U to
coupon
h 100 i
U to 4 a r e g i s t e r e d ................. 1025
i s t.-» n ii|iii,n
ur
U to 5a r e g is t e r e d
..........LOU1
U to 5a c o u p o n ....................... 1304

Week* a
H a n g * or
L a 41 S a le

U -F
tj- F
G J
t >- .1
<4 F
( -F
4
G F

F o re ig n G o v e rn m e n t
\ |. s
x on
U to of M e x ic o b t g 5b or 1830 14- J
J
^ u u e S e c u r itie s *
A la b a m a cl abb A 4 lo o , __1300 J - J
•J • J
C la s s C 4 b ............................. 1000 J - J
J-J
D lb t of C o lu m b ia 3 r0 5 .s.__1024 F A
L o u is ia u u now coUboi 4 b .. 1014 J - J
M i s a o i m t u u d i n g ___ 1 804-1003
N o r t h C a ro lin a control 4 b . l l ) l o
Ob...............................................1010
too C a ro lin a 4 4 s 2 0 -4 0 ........1035
T e n ii n e w s e t t l e m e n t 3 s . . 1013
S m a l l .................................................
V ir g in ia f u n d u e b t *2-3b... 1001
R e g i s t e r e d .....................................
6 s d e f e r r e d D r o w n B r o s c tfa .
U a ilru u d
\ la b a in a C e n t S e e too K y
x jL la b a M u ll See toav F la & \Y
A lb a n y A tousq S e e D el A 11 ud
A lle g h e n y V a lle y See P e n n K K
A lle g A \v c s l S e e D u n It A F
A m D o c k A 4 m S e e C e n t of N J
A n n A r b o r 1 s t g 4 b ..........hlOOO
A tC h T A to F e g e n g 4 b . .. 1005
R e g i s t e r e d ........................... 1005
A d j u s t m e n t g 4 b ............ /M 995
R e g is te r e d I ..................MOO 5
to ta m p e d ..................... M 0U 5
C h ic A to! E o u ib 1 s t tib .. 1015
A l l K n o x A N o r l b t g o b . . 104 0
A t l a n t a A D a n v S e e too n th Uy
A t l a n t a A Y a d k S e e S o u th R y
A u s t i n A N W S e e S o u P a c ific
| > a t C r e e k A to S e e M ic h C e n t
-L >alt A O h io p r io r l g 3 4*>.1925
R e g i s t e r e d ........................h 102 5
G o ld 4 s ............................... h i 0 4 8
R e g i s t e r e d ....................M 0 4 S
C o n v d e b 4 s ........................ 1011
P J u n A M D iv 1 s t g 3 4 s l 9 2 5
R e g i s t e r e d ....................p l 9 2 5
P L E A W V a toyb r e f 4 s 1041
S o u th w D iv 1 s t g 3 4 s . . .1 0 2 5
R e g i s t e r e d ....................h i 02 5
M o tio n R iv 1 s t g u g 5 s . . 1010
C e n O h io R 1 s t c g 4 4 s . .1 0 3 0
B e e c h C r e e k S e e N V C A 41
B e lle v A C a r S e e I llin o is C e n t
B k l y u a M o n ta u k S e e L o n g I
B r u n s A W e s t S e e toav F I A W
B u ffa lo X V A E r i e s e e E r i e
B u ffa lo K A P g e n g o s . . . 1037
A ll A W e s t 1 s t g i s g u . . 199ft
C l A M a li 1 s t g u g o s . ...1 0 4 3
K o c h A P i t t s 1 s t g 6 s . . . 1921
C o n so l 1 s t g Us..............1022
B u ffa lo A S o u th w e s t S e e E r i e
B u ffa lo A to u sq u 1 s t g o s . .1 0 1 3
R e g i s t e r e d ........................... 101 3
1 s t r e f u n d i n g g 4 s ........ M 0 5 1
B u r C e d a r R A N o 1 s t o s . 10013
C o n 1 s t A co l t r u s t g o s . . 103 4
R e g i s t e r e d ............ .......... 103 4
C R - L F A N W 1 s t g u 5 s . 1021
M A tot L 1 s t g u g 7 s . ...1 0 2 7
/C a n a d a to o u th T - s r o s ........ 1 9 0 8
v ^ 2 d 5 s ..................................... 1013
R e g i s t e r e d ........................1013
C a r b A S h a w n S e e 111 C e n t
C a r o lin a c e n t S e e S c a b A R o a n
C n .rtb a g e A A d S e e N V O A H
C ed R l a F A N S e e B C R A N
C e n B r a n c h U P 1 s t g 4 s . . . 104 8
C en B ran c h R y s e e M o P ac
C e n tr a l O h io S ee B a lti A O hio
C e n R R A B of G a co l g 5 s 1037
C e n t of G a R R 1 s t g 5 s . . p l 9 4 5
R e g i s t e r e d ........................p l 0 4 5
C o n s o l g o ld o s ________7 1945
R e g i s t e r e d ........................1045
1 s t p r e f in c o m e g 5 s ___ p l 9 4 5
2 d p r e t in c o m e g 5 s ___ p l 9 4 5
3 d p r e f in c o m e g o s ___ p l 9 4 5
C h a tt D iv p u r m o n g 4 s . 1051
M a c A N o r D iv 1 s t g o s . 104 6
M id G a A A t i D iv 5 s .
1047
M o b ile D iv 1 s t g 5 s ........ 104 6
C e n t of N J 1 s t c o n s o l 7 s . . 10U2
G e n e r a l g o ld 5 s ..................1087
R e g i s t e r e d ....................h l 9 8 7

J -J
J -J
A U
J-J
J -J
J-J
J-J
J-J

b iJ
A-O
AO
N ov
N ov
N ov
art- S
J-D

J-J
(4-J
A-(J
g -J
ivi-s
M-N
<4-4
M-N
J-J
F-A
M-S

M-S
A-O
J-J
F-A
J -O
A-O
A-O
J-J
J -D
A-O
A-O
A-O
J-D
J-J
iVl- 8
M-S

J -D
iVl-N
F -A
F -A
M-N
M-N
OCt
O ct
OCt
J-D
J-J

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

5 -i
Lange
S^ i
f
S in c e
-N -C J u n u u r g 1
’

BONDS
N . Y. S T O C K E X C H A N G E
W e e k K n d in o M ay 23

< 1
.

J 'r i ce
Prida.u
M a y 25-

O
B
IF

H i g h A 4 | L ulu H i g h

L ilt
A sk
C e n tr a l of N J —( U u n t i m u i i )
A m D o ck Jc Im p g u 5 s .. 1921 J - J
1 1 4 4 ..........
Ino 4 100 4
.1 J
108 4 1 0 0 4
M N
C on e x t g u a r 4 4 s
p i 9 1 0 G-M 1 0 3 4 S ale
Al S
100 1 0 9 4 C e n t P a c ific See So P a c ific Co
U )7 k I 0 8 l4 100 k A p r ’02
108 4 ll o
..........
H )7 k 108 k 168 4 M uy’02
C h a rle s A toav 1 s t g 7 s ___1036 J - J '1 2 5
A-O 112 1 1 2 4
tl) 74 a 10 8 L 100 4 A p r '0 2 — 10 8 k lOO k
G old Os
.
. a 191 1 \ 0 113 ..........
L104 a l I l k 111
111
1 st co n ho l g 5 s . ................ 1030 IVIN 119 4 toale
5 111 4 113
l UM 2o l L0 l 13
iV N
S
1 1 0 k S ale l lu h
137 k I J O k F o b ’02 . . . J 130 130 4
G e n e ra l g o ld 4 4 « ..............1002 M-S i o s k toulc
1304 1304
137 l j 1304] A p r l'-'
M- 8
l y 5 l4 106 k 105 4 M a y '02
1 0 5 4 106 4
C ra ig V a lle ) i g 5 s .., 1 9 4 0 J J 11 2 ..........
4
105 k i 0 6 L 106 k F e b ’02 . . . . 1 0 6 4 106 4
R A A D iv lb t co n g-As. 1080 J -J l o t 4 IO 6 4
99 1 0 1
J -J
W a rm topr V al 1 s t g 5 s . . 1941 M-S 1 08 ..........
\| N
94
95 k F e b ’02
9 1 4 95 4
|
th e Ou 6lS 0/ fo il/’ m u r k s to t> ne do lia r .
C in e A A il K it s f u n d 6 s .. 1903 M-N 102 ..........
08 k
0 8 4 l0 : 06
85
85 4
00 4
R e fu n d in g g 3 s ................. 1919 A O
t'e pv ices 0 n th e 5 US IS 0 / $5 to £ .
A O
8 4 4 S a lt
JiaLLway 1 s t lie n 3 4 a . . . 1950 J J
:
100 107
R e g is te r e d ....................... 1950 J - J
.......... 1 0 8 H 107 May* 02
m u c ism iv- G eon so l < s ... 1 ou..
........ .
102 k M a r'0 2
102 k 1 0 2 k
F-A
L11 M a r ’02
111 111
F A 100 k 10 2 k
126 O c t ’01
124
I llin o is D iv 3 4 s ................1919 J J 1 0 2 4 1 0 3 4
106 51 a y ’02
105k
106 i 0 6 4
.J - J
100 4 1 e b ’OO
\ O 1144 -.......... : : : : : :
__
S in k in g f u n d 4 s ..............1919 A O 1 0 4 4 ..........
- .«•••
ii)4 4 J a n ’02 - • • * 1*04 1*04 4
N e b r a s k a E x te n s io n I s . 1925 VI-N 109 4 1 LO
136 4 J ’1V ’01
M- N
1*3) M a r ’ou
M S 10 0
0 6 :ttt A p r ’02
05 k
05 4 9 6 4
J o i n t b o n d s See G r e a t N o rth
..........
05 F e b ’0_
95
95
D e b e n tu r e 5 s ..................... 1913 VI-N 1 0 7 4 8 a le
. . . . . . 07
0 5 y4
0 5 a4
i 05 4 9 0 4
H a n A ST J os c o n s u l 6 s . . 191 1 M-S '1 1 8 4 1 19
J -D 111 ..........
8
10 k
0 k S a lt
04
9 4 10
139 4 ..........
1 s t c o n s o l g 6 a ................... L934 A O
G e n e ra l c o n s o l 1 s t 5 s ___1937 M-N 1 2 4 k ..........
R e g is te r e d ....................... 1937 M-N ....................
1 25 ..........
C h ic A I n i l C K y 1 s t 5 s . 1936 J - J
C h ic a g o A E rie See E r i e
1 3 1 4 ..........
C h ic I n A E o u is v re f 6 s ___1947 J - J
R e f u lid im r g o ld o s ............1947 J - J
1 1 4 4 ..........
115 115 4
E o u is v N A A Cli 1 s t 6 s. 1910 J - J
C hic M il A S t P a u l eo n 7 s 1905 J - J
99 1 0 0
..........i l l i 4
99
9 0 4 15 9 5 4 1 0 0
T e r m in a l g o ld 5 s ..............1914 J - J
103 4 S ale 1 0 3 4 1 0 3 4 124 103 1 0 5 4
1 15 117
G e n e ra l g 4 s s e r ie s A . . <*1989 J - J
% 103
103
103
R e g is te r e d
c 1089 0 - J * ..........1 1 6 4
105 k
13 92
03 4 04
034
94
954
G e n e ra l g 3 4 a a o n e s B ^1989 j . j
0 4 1>A p r ’02
R eg 1s 1 c r e d
e 1 *1811 J - J
aa*a
92 s a le
02
*02
30 92
954
C h ic A E ton D iv g 5 s ___1921 J - J
1 2 0 4 ..........
114
C h ic A M o R iv D iv 5 s
19‘b* ./ J 1 2 3 4 ..........
115
1 0 8 4 D e c ’Ol ___
C h ic A P a c D iv 6 s ............1910 J - J 1 16 4 1 1 7 4
C h ic A P W 1 st g 5 s ........ 1921 J - J
1 2 1 k 122
D a k A G t too g 5 s ..............1916 J - J
1 1 4 4 .........
135
J-J
F a r A S o u a s s n g 6 s ........ 1924
1 2 3 4 ..........
H a s t A D D iv 1 s t 7 s ........1910 J - J
36
1 s t 5 s ................................... 1910 J - J
9 6 k 06 4
9 6 4 80 9 4 4 97
1094 1114
07 A p r ’02
9 6 4 97
I A D E x te n 1 s t 7 s ..........1908 J - J
1 1 8 4 ..........
1 0 2 4 208 102
L a C ro s s e A D 1 s t 5 s ___1919 J - J
102 4 S ale 102
1044
1 0 2 k F e b ’02
M in e ra l P o in t I)iv 5 s
1910 J - J I l l ) ..........
102 1 0 3 k
107 1 0 8
24 104 1 1 0
So M in n D iv 1 s t.6 s
1010 J -J 1 1 6 4 . .
106
107
003^ 0034
01
00
0 90 4 9 3 4
S o u th w e s t D iv 1 st. 6 s
1009 J - J
1 1 5 k ..........
W is A M in n D iv g 5 s
1921 J - J
50 97 4 i o i
07 4
98
M il A N o 1 s t M L 6 s . . . .1 9 1 0 J-D 117 k 1 1 9 4
97 k 0 8
01 S a le
9 0 34
01
41 9 0 4 9 1 4
1 s t c o n s o l 6 s ....................1913 J-D 123 1 2 4 4
0 0 4 J ’n e ’Ol
C h ic a g o A N o r t h w e s t e r n
111 M a y ’00
C o n s o lid a te d 7 s ................1915 Q- F 1 34 ..........
100
112 N o v ’01
G o ld 7 s ...................................1902 J -D 104 4 ..........
R e g i s t e r e d ....................... 1902 .J -D v1 04 ..........
E x te n s io n 4 s ..........1 8 8 6 -1 9 2 6 F-A iu 7 109
R e g is te r e d
1886-1 92 6 F -A
G e n e ra l g o ld 3 4 s
1987 M-N
R e g is te r e d
p l9 8 7 Q -F
►
S in k in g f u n d 6 s . . . 1 8 7 9 -1 9 2 9 A -O 1 1 4 1 1 7 4
1 18 11 8 A p r *02
11741194
R e g is te r e d .
1 8 7 9 -1 9 2 9 A-O
102 4
103 A p r ’07
S in k in g f u n d 5 s . ..1 8 7 9 -1 9 2 9 A-O 1 0 8 ..........
1 198 1 3 0 4
R e g is te r e d
1 8 7 9 -1 9 2 9 A-O
13 0
130 1 3 0
1 127 4 1 2 9 4
D e b e n tu r e 5 s ..................... 1909 M-N 1 07 4 ..........
1274 1274
R e g is te r e d
1009 M-N
10 0 N o v ’99
D e b e n tu r e 5 s ......................1921 A-O 1 1 4 k toalc
R e g is te r e d .
___ 1921 A-O
lOO3^ 10 2 A p r ’02
S in k in g f u n d d e b 5 s ........ 1933 M-N ..........1 2 3 4
102 102
R e g is te r e d
1933 •Vi-N
105 S ale 1 05
106
9 1 0 4 4 106
123%
D ps M o A M in n 1 s t 7 s 1 0 07 F-A
1 2 6 4 M a r'0 2 . . . . 1 2 4 4 12 6 k
1 2 4 4 F e b ’02
M ilw A M a d is o n 1 s t 6 s 1905 M-S
1244 1244
N o r t h I llin o i s 1 s t 5 s ___1910 M-S
11 8 J a n ’.02
11 8 ' ' 1 1 8 “
*117k
O tt C F A S t P a u l 1 s t 5 s 1909 M-S
W in o n a A S t P e t 2 d 7 s .. 1907 M-N 1 16 ........
1 0 6 k S ale 10 6 34 1 0 7 4 15 10 5 k 1 0 7 4
5 1074111
MU L S A W e s t 1 s t g 6 s 1921 M-N 1 3 3 4 - ----109 1 1 0 1 0 9 4 1 0 9 4
E x t A Im p a f u n d g 5 s 1929 F-A 1 2 5 4 ..........
1 07 A u g ’01
A sh la n d D iv 1 s t g 6 s . . 1925 M-S 1 3 S 4 . . . . . .
M id i D iv 1 s t g 6 s ..........1924 J - J
1 3 8 4 ..........
C o n v e r tib le d e b 5 s
1907 F-A
M-N 107 4 ..........
I n c o m e s ........................... 1911
Chic R o c k I s l A P a c 6 s . . . 1917 J - J 1 3 0 ..........
93
95
94^2 95
9 4 4 M a y ’02
R e g is te r e d ........................1917 J - J * 1 3 1 4 ..........
G e n e r a l g o ld 4 s ..................1988 J - J
11141124
R e g is te r e d ........................1988 J-J
1 0 6 4 A p r ’02
10641094
10s
9 8 ..........
D e s M A F t D 1 s t 4 s . . . . 1905 J-J
121
121 A p r ’02
11941214
1 s t 2 4 s ...............................1905 J-J
9 0 ..........
io h u
1 no
E xten sion 4 s .... ......... ..1 9 0 5 J-J
97
48 1 0 6 4 1 1 3 4
K e o k A D e s M 1 s t 5 s ___1923 A-O
105 4 S e p ’01
8534 S a le
85
8 5 34 35 7 6
*894 Chic A S t L S ee A tc li T A S a F e
30
41
41 S ale
86 3 2 4 4 4 4 Chic S t L A N O S ee 111 C e n t
Chic S t L A P i t t s S e e P e n n Co
2 6 M a y ’02 sQ 1 8 4 31
25
26
92
02
2 3 9 1 4 933e Chic S t P M A O con 6 s . . . 1930 J -D 141 14 2
92
Cli S t P A M in n 1 s t g 6 s 1 9 1 8 M-N 1 3 8 4 ..........
05 D e c ’09
100
N o r W is c o n s in 1 s t 6 s . ..1 9 3 0 J - J
>
100 111 k 10 2 J ’n e ’99
112 k 11 3 k 112 k A p r ’02
S t P A S C ity 1 s t g 6 s . . .1 9 1 9 A-O 1 2 8 k ..........
106 i l 2 4
10 3 4 J a n »02
89
90
lO lL
1 0 3 4 1 0 3 4 C hicago T e r T r a n s g 4 s . . .1 9 4 7 J - J
1
i an 1 3 8 4 1 3 8 4
Chic A W e st 1 n d g e n s b s 0 1 9 3 2 10 -M * 1 1 8 k ..........
3 1 3 2 141
1 3 8 M a y ’02
137
131 1 3 9 k Ohio A W e s t M ic h R y 5 s . . 1921 J - D 1 OS 4 ..........
A ah L ulu

O .l

t*v i n a k o u u p a <; e s

1 1>0 V 1 0 9 7q A p r 02
1 1)84 l u o ^ 100*^ May*02

W e e k ’s
L a n g e or
L u s t S a le
Low
114

H uj/i A 0 L ow i l i y l i
F e b ’u2 . . . . 1 1 3 k 114

106 M a i ’02
1 0 3 4 1 UJJj
......
112
114
119 4
121
108
J 03
108 4
105 k
10 1
101k

Lange
S in c e
< 'j J a n u a r y 1

105
26 102

........
112
A pr o‘
j
1191
J ’ne'O i
1o s 4
A p r ’0 1
May*U 2
A p r ’02
D» 1 ’0 !
A p r ’99

....

1 0 4 4 A lai 02
85
86

106
105

....
5 112 115
111 117
31 1 19 4 1 2 3 4

69

08

....
...

1064110k
1

108 4 108 4
104 105 4

103 k 104 4
85
88
......................
84 4
84
84 k 62 84
8 3 k A p r ’02
834 33k
I ||Ti •> 1(IK - 21 1 n ifl, 1 nit
.,
1 0 4 k A p r ’06
101 k A p r ’02
l o o k 103 4
1 0 2 k M u y ’02 • • • . 1 0 2 1 0 3 4
11 4 :,.j A p r ’02
1 1 4 k 11 6
105 M a y '0 2 H
L05 106
no
no
17 n o
1114
109 k A u g ’Ol
100 M a r ’02
9 9 k io o
8 1074110
107k 1 0 9 4
118k
1 1 8 k 32 1 1 8 k 122
114
11 4
' 'A 112 4 1 14
4 13841394
1 3 9 4 139 4
124 k
1 2 4 4 40 122 4 126 4
12 4 k M a r ’02 . . . . 12 4 k 1 2 4 k
125 M a y ’02 . . . . 125 12 5
13 I k
116
115
196
115
I 16k
105 k
104k

*
>
13 l k
M u y ’02 . . . .
M a y ’02
A p r ’02 . . . .
M a r ’02 . . . .
A p r ’02
F e b ’98
J a n ’02

126 1 32
113 116
1134115
182 4 196
112 115
110 k 1 1 6 k
104k 10 4 4

124 4
117 4
1214
1 15k
137 4
124
110 4
182 4
1184
100 4
117
115
120k
117
123k

M a r ’02
A p r ’02
M a y ’02
1214
M a y ’OJ ’l y ’99
12 4
A p r ’02
J a n ’02
M a y ’02
F e b ’02
117
M a r ’02
120k
M a r ’02
M a y ’02

138
104k
104
107 4
107
111
103
118
111
no
1074
107 4
108
114k
1 14
123
123

13 8 141
M a r ’02
M a y ’02
10 3 4 1 0 4 4
A p r ’02
1 0 3 4 104
M a y ’02
107 4 1 0 7 4
M a r ’00
O c t ’01
X o v ’98
M a r ’02 . . . . 11 5 11 8
O c t ’00
A p r ’02
1084110
M a y ’01
107 4
i 1 0 7 k 10 9 4
O c t ’01
6 11 4 1 1 7 4
1144
O c t ’01
M a v ’02 . . . 1 2 1 4 1 2 4
M a y ’01 ___

113
10 9 4
110 k
119 4
1334
1 26
142 4
139k
107 4
1 10 4
1314
131
lllk
11 1 4
994
86k
97
1104

J a n ’01
M a r ’02
A u g ’Ol
A p r ’02 ..
1 34
14
A p r ’02
F e b ’02 . . . .
J a n ’02 . . . .
F e b ’01
M a y ’02
1 3 1 4 10
M a r'0 2
1 1 2 k 104
A p r ’02
9 9 4 10
A u g ’00
D e c ’00
A p r ’02

1414
,1 4 1 4
140
128k
89 4
119
1 09

4 139 ^2 142
1 -1 1 4
140 1 1 1 4
M a r ’02
M a r ’01
12741304
A p r ’02
90k
8 9 k "if- 8 6
119
0 LIS 11 9
A p r ’02 . . . . 1 0 9 1 0 9

1204

. . . . 120 4 1 2 0 4
i 1841244
,.. 1144118
28 1 1 6 4 1 2 1 k
112k 115k
__
......
u 122 4 1 2 4
10841104
18241824
1 1 8 4 HO
. . . . 109 4 1 0 9 4
1 114 1 1 7 4
1 1 3 k 115
10 1 1 6 4 1 2 1 4
115 117
.... 120k 123k

10741094
11941194
1334 137k
12541284
142 k 1 4 2 4
1 39 4 1 3 9 k
110 4 1 1 0 4
12S 132
1 2 9 k 131

105k 1 1 3 4

109
98

11 2
99 4

109k 1 1 0 4

A Q S C E L JL A jS E O U S B O N D S —C o n t i n u e d o u N e x t P a g e .

S tre e t R a ilw a y
B r o o k ly n R ap T r g 5 s ........ 194 5 A-O
A t l A v B k ly n im p g 5 s . . 193 4 J -J
B k C ity 1 st con 5 s . 1916, 1941 J - J
B k Q Co & S con g u g 5 s . 1941 M-N
B k ly n U n E l 1 s t g 4 - 5 s .l 9 5 0 F-A
K in g s Co E l 1 s t g 4 s ___ 1949 F-A
N a s s a u E le c g u g 4 s ___ 1951 J -J
C ity & to R y B a lt l s t g 5 s . 1922 J-D
C ohn R y 6b L 1 st <&r e f g 4 4 s ’51 J - J
D e n Con T r Co 1 s t g 5 s...* 1933 A-O
D e n T ram Co con g 6 s .. 1910 J -J
M e t R y Co 1 s t g u g 6 s .. 1911 J-J
D e t Cit tot R y 1 s t c o n g 5 s . 1905 J - J
G r R a p id s R y 1 s t g 5 s . . . a l 9 l 6 J -D
± J \J

U lO

XV $

V ^U A O L G U 1 1 g u a .

. ll^ O U

j

-

j

M a r k e t tot C Ry 1 st g 6 s .. 1913 J-J
M e t S t R y g e n col tr g 5 s . 1997 F-A
Bway<fe 7 t h A v 1 st e g 5 s 1943 J-D

108
108
1 10 J a n ’99
112 11 4
1 1 2 4 M a r’02
........ 106 4 A p r ’02
101
102 4 S ale 10*2
102 4
*89k 90k 89k
90 4
.......... 1 0 8 4

98
95

S tre e t R a ilw a y
110k M et St R y —( C ontinued)
Col < 9 th A v 1 s t g u g 5 s . 1993 M-S
fc
Lex A v & P F 1 s t g u g 5 s 1993 M-S
11241124

1 107

100 1 0 6 4
17 1 0 0 k 1 0 2 4
11 8 9 k 93

V n r’02 *** 98
J ’n e ’OO

103

N o v ’Ol

l Ui/

nil < 1
1

98

T h ird A v e R R con g u 4 s 2 0 0 0
T h ird A v e R y 1 st g 5 s .. 1937
Met W S E l (C lue) 1 st g 4 s . 1938
Mil E l R y & L 3 0 -y r g 5 s . 1926
Minn St R y 1 st co il g 5 s . . 1919
St P aul C ity Cab co n g 5 s . 1937
G u a ra n teed g o ld 5 s ........ 1937
Union E l (C hic) 1 s t g 5 s .. 1945
W Ohio St 4 0 -y r 1 st cu r 5 s . 1928
40-yeai* o o n s o lg o lil 5 s . . . 1936

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

122 4 M av’02
121k
121
121
4 120k
152 99 k
lo o k 1 0 1 4
123
126 4 A p r ’02
102
102
i 101
106 Oct ‘99
A p r’01
1 0 9 4 .......... n o
1 1-1 G N oy‘01
112L .
1 2 1 k 1 23
122 123 4
101 4 S ale
..........121 k

......
109 g P oo ’99
..................... .... _„^^^^ . . . . . .
^ •m
•
99 D e c ’9 .

V
l-N
M-N

Gut* an d E le c tric U g lii
A tlanta G L Co 1 s t g 5 s . .. 1 9 1 T J -D
Bos U G a s tr Otis s f g 5 s. 1939 J -J
5 119 122
I
1 1 8 4 1 1 9 4 B k ly n U G as 1 s t con g o s . 1945 V N 117 4 1 1 8

J1 9 4 1 1 9 4 1 1 9 4 i l 9 4
1 2 0 122
1 1 9 4 A p r ’0*2
" N o p ric e Friday; la te s t p ric e t h is w eek- a D u e J a n d D u e A p r

c D u e May g D u e J ’n e

A D u e J ’ly

v o u e Aug

12 4 4
121
UU4
1264
108

9 1 4 Cot ‘93
118
n s

p D ue N ov

vPueD oo

......
1 2 117

120 4

sO p tm u sa l*

B on d B eoord — C ontinued— P a g e 2
In t'st
P erio d

MAT 24, 1902.]
BONDS
N. Y. S T O C K E X C H A N G E
W e e k E nding m a y 23

P ric e
F rid a y
M ay 22

W e e k 's
R an ge or
b a s t S a le

A 8k b o w

H id

0
9

>
5
So

Range
S in c e
January 1

No

bow

11 ig h

1075

BONDS
N. Y. STOCK E X C H A N G E
W e e k E n d in g M a y 2 3

-A

J J
a n
.1 J
M-N

J GG

1 0 7 11

'

Range

Since

|

/; J a n u a n / 1

H ig h No

j 05

115% Sale
8 9 ‘.i 9 0 L

103

100

1 1 3 * 8 ..........

111

89 *2

106*2 106 %

Mar’9 8

11&•'»1 84 ioY f* i'iY%
89 % 3 8 8
92 %

103
103 *2
98*2 N ov'00

102

110

112

106*4

i o 9 % i i ‘i%

1 1 3 jh ......... 111 *2 M ar’02

95% Bale

bow H i g h

Hop GG

1 0 6 * 4 ..........
1 0 7 % .......... I 00*2 F e b ' 0 2

95%

96

494

9 5 % 97

110*2

111

57

107*4 1 1 2

i s r :::::

105% A p r ’02

105% i 0 6

115*8
113

115% A p r ’(J2
113*2 M ar’00
] 04 *2 Mar,02
102*2 A p r ’98

115

116

104% 105%

105

106%

105*4 106*2 106*4 106*4
102 O ct ’01
193% 103%
i()3% 105
104% 104%

10 104% 104%

112
....
101*4 1 0 1 * 8 101 *4 A p r ’02
*

1 0 0 %1 0 1 * 4

123 M ay’99
87*2M ay’02

87% 87%

120

87*2

D

E

W e e k 's
/i’a n p c o r
b a s t S a te

A Hk bow

H id

H igh

t
112% ......... 1 1 1 4 M ay’02 . . . 105 1 1 4 4 If la Con cfe Poll 1 M g 5 m. .. 191H
11 k 11.,
<
1 1 1 l >er ’0 1
I m land gr e x t gold 5 s .. 1030
i
113 O ct,’00
Consol gold 5 s ...................1043
H.
1 1 2 % ......... 1 13% M ay’02
1 18% L'lff% Ifort S t 1/ D Co 1st g 4 % I 04 1
Et W cfe Don C 1 st g 6 m.. .. 1921
El, W cfe Rio Gr 1 st g 3-4s. 1928
/ D l l lia r cfe B A S e e So PuoOo
V Jul 11 cfe II of 1.882 1 s t o s. 15)1:5 A 0
3 102% 104% Ga cfe A la R y 1 M coil 5 m. . 0 15) 15 .1 - J
t
J-D 1 0 4 1 0 4 4 104% 104%
Ga ( :ar cfe N o 1 st gu g o h . . 1929 J -J
......... 102 A p r ’02 . . . . 102 102
J -J 101
1 1 0 1 4 1 0 3 % G eorgia P acific S ee So Ry
.1 - J 102 ........P 103% 103%
6 102% 104% G 1la V G cfe N o r S e e So 1*ac Co
M-N 10 2 % ......... 102% 103*.i
99 M ay’99
\T. I
M
G ouv cfe O sw eg a t S ee N Y C ent
100 J ’11b’01
Grand Itapcfe In d S e e V e n i n RR
S p r cfe Col D iv 1s t g 4 s . .1 9 4 0 M.Q
1 |
83 N o v ’O
O
G ray’s P t T erm S e e S t L S W
98
W W V a l D iv 1 s t g 4 s . . . 1940
G t N o r—C B cfe Q coll tr 4 s 1921 .T-J
C I S t L cfe C con sol 0 s . .1 9 2 0 M- N 10 4
G reen b rier R y S e e d i e s cfe O
Q-F 1 0 3 4 1 0 5 % 105% M ar’02 — 105 106
1 s t gold 4 s ...................../cl
.... ........ ....
an cfe S t J o S e e C B cfe Q
R e g is t e r e d ................ /cl9 3 0 Q-F
J -J 1 15% ......... 115% A p r ’02 . . . . 115 115 4 H o u sa to n ic S ee N Y N H cfe IT
Cin S cfe Cl con 1 st g 5 s .. 1
J -l) 131 1 3 5 4 134% J a n ’02 — 134% 134% rrock V al 1 s t co n so l g 4 %a.1999
C C C ( H co n so l 7 s ..........1
R eg istered ........................... 1999
C onsol sin k fund 7 s ___1914 J -D
Col cfe H V 1 st e x t g 4 s .. 1948
G en eral con sol g o ld 6 8 .1 9 3 4 J -J i3 6 % : : : : : : i'3 8 " M ay’02 . . . . 1 3 8 138
ITo u st E cfe W T ex S e e So Pac
R e g is t e r e d ................. 15)34 J - .1
104% N o v ’01
A-D
lio u s t cfe T ex Cen S e e So P a c Co
f llln o is C entral 1 st g 4 s . . 1951 J - J
O. .7
3 984102
1 R e g iste r e d ....................... 1051 J - J
100%
A-O 1 0 0 Bale 100
P e o & E a st 1 s t con 4
11 72
72
73
82%
1 st gold 3% s....................... 1951 J - J
73 Sale
.1
In co m e 4 s ...............
R e g iste r e d ....................... 15)51 J - J
Cl Lor So W li con 1 st g 5 s. 1933 A-O 115 ......... 114% A p r ’02 — 1 1 4 4 1 1 4 %
1 st gold 3s s t e r lin g ..........1051 M-S
O lev So M arietta See P e n n HR
R e g iste r e d ....................... 1951 M-S
J -J 1 2 7 % ......... 127% J a n ’02 . . . . 1 2 7 4 1 2 7 %
C lev So .Mahon V al g t
Coll T r u st gold 4 s ............1952 A - 0
Q-J
R e g iste r e d ....................... 1952 A -O
C lev So P itts S ee P en n Co
52 82
84
85
87
L N O cfe T e x gold 4 s ___1953 M-N
84% S ale
Col M idland 1 st g 3 -4 s
1947 J - J
3 82% 86%
84
85
R egi s ter ed ........................1953 M-N
84 S ale
1 st gold 4 s ..........................1947 J -J
Cairo B ridge gold 4 s ___1950 J - D
94%
95% 48 91
94% 95
96*4
Colorado < Sou 1 st g 4 s . . . 1929 F-A
fc
L o u isv ille D iv gold 3 % s.l9 5 3 J - J
Colum So G reen v S ee So R y
R e g iste r e d ....................... 1953 J - J
Col So H ock V a l S ee H o ck Val
M idland D iv r e g 5 s ..........1921 F - A
Col Conn So T erm S ee N So W
S t L ou is D iv gold 3 s — 1951
Conn So P as Hi v s 1 st g 48.1941 A-O
R e g ist ered ....................... 1951
ak tfe G t So S ee C M & S t 1
Gold 3% s.......................... 1951 J -J
alia s So W aco S ee M K So *
]
R e g iste r e d ....................1951 J -J
117% 120%
M-S 1 1 7 % ......... 117% M ay’02
S p rin g D iv 1 st g 3 % s ...1951 J -J
138 A p r ’02 . . . . 136% 138
M-N
3 137% 141
140
W estern L in es 1 st g 4 s .. 1951 F - A
J-D 140 141 140
1 s t con sol gu ar 7s.
R e g iste r e d ........................1951 F-A
140 O c t ’98
J -D
1 1334137
B e lle v cfe Car 1 st 6 s ........1923 J - D
137
N Y L a ck So W 1 s t 6 s . ..1 9 2 1 J -J 13 5 % i 3 6 % 137
Carb & S h aw 1 s t g 4 s . . . 1932 M-S
C on stru ction 5 s ...........1923 F-A 1 1 6 % ......... 118*4 M ay’02 ___ 116% 118*4
Chic S t L cfe N O g 5 s . . . 1951
T erm cfe im p rove 4 s ___1923 M-N 101% 103% 103% A p r ’02 . . . . 103% 105%
R e g iste r e d ........................1951
Svr B in g So N Y 1 st 7 s . .1 9 0 6 A-O 1 1 3 % ......... 114% M ay’02 . . . . 114*4 117%
Gold 3% s........................... 1951
W arren 1 st r e f g u g 3 % s.2000 F-A
144 M ay’02 __. _ 144 144
R e g iste r e d ....................1951
D el So H u d 1 s t P a D iv 7 s . 1917 M-S ..........144
149 A u g ’01
M em pli D iv 1 st g 4 s . . . 1951
R e g iste r e d ...................... 1917 "M
-S
R e g iste r e d ....................1951
A-O 1 1 2 % .......... 115% F e b ’02 • • «• 115% 115%
122 J ’n e ’99
S t L Sou 1 st g u g 4 s ___1931
R eg istered .
A-O
A-O 1 0 8 % .......... 108% A p r ’02 - • • . 108% 108% In d B1 cfe W e s t S ee C C C cfe S t L
111% F e b ’02 . . . . l i l % l l l %
Tnd D ec cfe W 1 st g o s ........1935 J - J
A-O
R e g is te r e d ................... 1
1 s t gu ar gold 5 s ..................1935 J -J
R en s So S aratoga 1 s t 7 s .1921 M-N 1 4 7 % ......... 151% A pr ’02 . . . . 1 5 1 4 1 5 1 %
151- J a n ’01
In d 111 & l a 1 s t g 4 s ..........1950 J -J
R e g is te r e d ....................... 1921 M-N
I n t cfe G reat N o r 1 st g 6 s . .1 9 1 9 M-N
D e l R iv R R B rid g e S e e P a RR
2d gold o s ............................. 1909 M-S
101 104%
D e n v So R Gr 1 st con g 4 s . 1930 J -J *103% 104% 104% M av’02
110*4112
3d gold 4 s .............................1921 M-S
C onsol gold 4% s................ 1930 J - J 1 1 0 * 4 1 1 2 4 112 A p r ’02
8 1 1 0 4 1 1 3 * 4 Io w a C entral 1 s t gold 5 s. .1 9 3 8 J-D
111
Inrp rovem en t g o ld 5 s . . .19 2 ? J-D 1 1 1 % ......... 111
R efu n d in g g 4 s ..................1951 M-S
R io Gr So g u S ee R io Gr So
Jefferson R R S ee E rie
88 M ay’02 —
D e n So S W e s t gen s f g 5 s 1929 J-D * .......... 90
88
90
W al A & G R S ee L S < M S
fe
D e s M oi So F t D S ee C R So I P
XV an cfe M ich S ee Tol cfe O C
D e s M So M in n S ee Cli cfe X V
K C F t S cfe M S ee S t L cfe S F
D e s M oi U n R y 1 s t g 5 s . . 1917 M-N 1 0 4 .......... 111 F e b ’01
K C cfe M R cfe B 1 st g u g 5 s. 1929 A-O
D e t M & T ol S ee L S So M So
K an C cfe Pacific- See M K cfe T
.......... 102 J ’l y ’Ol
J-D 1 0 1
J -D
95
95% 95% M ay’02 . . . . 92% 95% K an C ity S on 1 st gold 3 s .. 1950
G old 4s.
13 30
R e g iste r e d ........................... 1950
60
53 S ale
52
53
A-O
87%
87% 114 84% 87% K e n tu c k y C ent S e e L cfe N
87% Sale
J-D
D e t S ou 1 st g 4 s ..
94% Sale
94
94 4 48 92% 95% K eok cfe D es Mo S ee C R I cfe P
Ohio S ou D iv 1 st 4s.
M-S
K n o x v ille cfe Ohio S e e So R y
112% 115
V-O 1 1 2 % ........ 112% M ay’02
I ak e E rie cfe W 1 st g o s . . 1937 J - J
R e g is te r e d ..........................19i
A-O
2d gold 5 s ......................... 1941 J - J
2d 6 s .....................................19:
J -J
1 111 115
N o rth Ohio 1 s t g u g 5 s .. 1945 A-O
115
J -J 115 .......... 115
D u l So Shore cfe A tl g o s .. 191
L Slio & M ich S S e e N Y Cent
a st of M inn S e e S t P M cfe
L eh ig h V a l (Pa) coll g 5 s. 1997 M-N
a st T en V a cfe Ga S e e So I
112% M ay’02 — 112% 115
R eg istered 5 s ......................1997 M-N
E lg in J o l cfe E a s t 1 s t g 5 s . 19* M-N
Leli V a l N Y 1 st g u g 4 %s. 1940 J -J
E lm C ort < N o S e e L eh cfe N
fe
2 1154118
R e g is t er ed ........................... 1940 J -J
118
118
M-N ..........121
1 118% 122
M-S 1 1 8 % .......... 118% 118%
L eh V T er R y 1 st g u g 5 s .1941 A-O
R e g iste r e d .......................... 1941 A-O
; M -s 1 1 3 % .......... 116% A p r ’02 ... . 115 116%
1 A-O 1 1 9 * 4 ......... 121% J a n ’02 ... . 121 121% Leli V Coal Co 1 st g u g 5 s. 1933 J - J
4 th e x t gold 5 s .................
J-D 1 08*8......... 109*4 Jan ’02 ... 108% 109*4
R e g iste r e d ........................... 1933 J - J
5 th e x t gold 4 s .................
7 138 142
) M-S 138 ......... 138
L eh cfe N Y 1 st guar g 4 s . . 1945 M-S
1 st co n so l gold 7 s ...........
138
7 136 139
R e g iste r e d ........................... 1945 M- S
) M-S * ..........139
1 st con sol g fund 7 s ___
136
136
99% 100%
6 98*4=100%
El C cfe N 1 st g 1 st p f 6 s .1914 A-O
5 J-J
99% Sale
E rie 1 s t con g 4 s p rior.
; J -J
99 A u g ’O]
R e g is te r e d ....................
Gold gu ar 5 s ....................1914 A-O
; j -j
87% 36 87% 90
L eh cfe H u d R S e e C ent of N J
87% 87% 87%
; j -j
R e g istered .
Leh cfe W ilkes-b S e e C ent of N J
45 93*4 96
F-A
L eroy < C aney V a l S e e M o P
fe
94% Sale
94%
95
; j - d 133 ......... 133 J a n ’02 . . . . 133 133
L o n g D ock S ee E rie
j-j
L o n g Isla n d 1 st con g 5S./M 931
B u ff So S W gold 6s.
1 s t coh sol gold 4 s ..........7il931
i> J - J
13 123*4 125%
C lue cfe E rie 1 st gold 5 s ..
> M-N 123 %124% 124
G eneral gold 4 s ..................1938
124
F erry gold 4% s..................1922
) A-O 104*4 108 103% A p r ’02 .... 103% 106
J eff R R 1 st gu g 5 s ___ a
" A-O 1 3 6 * 4 ......... 1 3 6 4 136*4 11 136% 136*4
>
L o n g D ock con sol g 6 s ..
Gold 4 s .................................. 1932 J-D
U nified gold 4 s ..................1949 M-S
^ M-N 115
Coal cfe l i f t 1 s t cur gu 6s.
D eb en tu re gold 5 s ............1934 J-D
D ock cfe Im p 1 s t cu r 6 s ..
^ J - J 1 1 8 % .......... 118% A p r ’02
1184118%
1 M-N 1 1 5 % ......... 109 O c t ’98
B k ly n cfe M on t 1 st g 6 s .. 1911 M-S
N Y < G reen L gu g os.
fe
) A-O 1 1 5 % ........ 115% 115%
1 st 5 s ..................................19] ] M-S
1 U5% 1*18
117 A p r ’02
7 J-J
N Y B cfe M R 1 st con g 5 s 1935 A-O
115% 118
7 F-A ........ 1 1 0
N Y cfe R B 1 st g 5 s ........1927 M-S
103 A p r ’02
102 103
) F-A
109 110*o
N o r S liB 1 st con g g u 5 s o l9 3 2 Q-J
110
M ar’02
G en eral gold os.
J M-N 1 1 7 % ........ 116% M ay’02
116 116% L o u isv cfe N a s h v g e n g 6 s .1930 J-D
Gold 5 s ................
1937 M-N
R e g is $ 5 ,0 0 0 e a c h ... 194.' J M-N
2 J-D 1 1 5 % ........ 115% 1 1 5 4
1 1124115%
U nified gold 4 s ..................1940 J -J
W ilk cfe E a l s t g u g o s . l
R e g iste r e d ....................... 1940 J -J
E r ie < P itts S ee P e n n Co
fe
E v a n s v ille < T erre H a u te
fe
Coll tr u st gold 5 s .............. 1931 M-N
Coll tru st 5-20 g 4 s . 1903-1918 A-O
1 J -J 1 2 3 % ....... 124 M ay’02
123 125%
2 A-O ......... 109*4 112 M ar’02
C ecilian B ranch 7 s ..........1907 M-S
108% 112
E H cfe N a sh 1 st g 6 s ___1919 J - D
M t V e r n o n 1 st gold 6 s . . 192: ; A-O 1 1 0 ........
L Cin < L ex gold 4 % s ...l9 3 1 M-N
fe
Bull Co B ranch 1 st g 5 s .1 9Ii 1 A-O 100
N Ocfe M 1 st gold 6 s ___1930 J -J
114 M ay’02 . . . . 114 116
E v cfe I nd 1 st con gu g 6 s . . 192 3 J - J
N O cfe M 2d gold 6 s ........1930 J -J
r^argo < Bo S ee C h M So Bt
fe
JJ 1int. cfe P ere M S e e P ere M i r
P e n sa co la D iv gold 6 s . . . 1920 M-S

Choc Ok tfe G gen g 5 s
o il) 1.0
Ctn H cfe 1) consol s t’ 7 s . . . 1005
2d gold 4% s..........................1937
Cin D cfe I 1st gu g 5 s . . . 1041
C I S t li < C S ee 0 C C cfe S t L
fe
Cin S & C
C C C St L
C lear 1 eld cfe Mali S ee B R cfe P
1
C lev ela n d C in C h ic & S t Louis
G eneral g *ls....................... 1903
Cairo D iv 1 st gold 4 s ----- 1030
Cin Wcfe M D iv 1 s t g 4 s . 1991
S t I, Div 1 st col ir g 4 s . .1 9 9 0

P rice
F rid a y
M ay 2d

112

1 103% 106

Lo6% io o %

1 0 1 34 100% M ay’02
101% Oct ’99
100 N o v ’O
O
113% F e b ’02

113% 114%

124 M ay’01
90 N o v ’98
131 A p r ’02
124 S e p ’01
104% A p r ’02

126
130*4
129%

107

106
107*2 101

i ’ 4% 104%
0

O ct ’01

104

L29% 1 31

M ar’02

101

105% M ar’02

102*2

123
io l
78
118*2

72% Sale

105% 105%

102% M ar’02

108%
108

100

121% 122*2.
to o .
100 I
75 M a v ’02

121% 127
I GO

119 A p r ’02
96*2 M ar’02

II 6 *
4

72
72%
63% Oct ’00

75
95

41

il7 % ----109*2
108
96
*104

111*4 111%
108% N o v ’01
118% M ay’02
109% Oct ’99
109 J ’n e ’01
97

106

80
119%
97

71*4 74

109

110%

20 i c h T i i T ’
1 1 8 %1 2 0 %

N o v ’01

101% Sep ’99

1 2 1 %122

122

M ar’02

104
104
100

119%
*103
104

103

116 117%
112% 113

. . . . . . 110% F e b ’02

111*2 Sale

102%

120*4 1 2 2

1 2 1 % 1 2 2 % 1 2 1 * M ay ’ 0 2
2
1 1 8 .......... 117% F e b ’02
112*2 S ale 112% 112%

107

104%

104%
F e b ’02
Oct ’00

13

10 2

*6

102% 1 0 2

111

J a n ’02

1 0 7 % ......... 109*2 J ’n e ’01
* 1 1 5 % ......... 112 M ar’02
1 1 3 % ......... 112% J a n ’02
1 1 2 .......... 112 %A p r ’02
119% 121% 121 M ay’02
1 1 5 % ......... L17 A p r ’02
103*4
103 ]03% 103
10 0 J a n ’02
1 1 0 % ____ 115 F e b ’02
100
100
1 0 0 10 1
106 D e c ’00
115 M ay’02
116*4
103 J a n ’98
111%
130* _ F e b ’02
131%
124% A p r ’02
125
116% M ar’02
110%

102
104

104%
104

99

102%

111

111

112 118
112% 1 ] 2 %

LI 2 % 114%
118% 12 2
116 117
50 100% 103%
100
16

100

115

115

10 0

101%

114% 116
128% 130%
122 124%
115 116%

M ISC E L L A N E O U S BO ND S—C ontinued on Next P a g e .
K a s an d E le c tric L ig h t
it
Ch G L So O Co S ee P G So C C o
C olu m b u s G as 1 s t g 5 s ___1932
Conn Ry cfe L S ee S tr e e t R y
Con G jw C o S ee P G < C Co
fe
D e tr o it C ity G as g 5.h......... 1923
D e t G as Co con 1 st g 5 s. ..1 9 1 8
E d El HI Bkn S ee K Co E L<fe P
E d E HI S ee N Y C So E h l i So P
Ed G L N Y 1 s t con g 5 s .. 1932
Ed G So Fuel S e e P G cfe C Co
G as A E lee Berg Co c g 5 s . 1949
Or lean G L Co J sI g 5 s . . . 1915
K C m o G as Co Jst g 5 s . .. 1922
K in g s Co lA lj So P g 5 s . . . 1 937

Caw a n d E le c tric L ig h t
J -J
J -J
F-A
M-S

96% 97%

1 18

122

97%

97%

118% O ct ’01

D
61 * O ct ’01
2
F A ...................... 107% D e c ’00
A Ol
.........................
A o
P u r c b a e e m o n e y 6 s .......... 1 99 7 A o 124 Bale 124
124
Ed El /! Bkn J s t c o n g 4 s 1939 J J
97 %......... 98
98
L a o (> ;» 1 , of 8 1 L J y.t g 5 s el 91 9 Q F 108% Bale 108% 109%
M u t V <el G as Co S e e p e o p Gasl

N o price F /id , 1 /, la te st bid and ask ed th is w eek,

N ew ark Con s G as con g o a l 948
N Y G E L H < P g 5 s . . . 1948
fe
P u rch ase m on ey g 4 s . . . 1949
Ed E l 111 1 st Conv g 5 s .. 1919
1 s t consol gold 5 s .......... 1995
19 92% 97%
N YcfeQEl Lcfe P 1 st con g 5 s l9 3 U
P aterson < P G < E g 5 s. 1949
fe
fe
P e o G as cfe C 1 st g u g 6 s .. 190 1
2d guar gold 6 s ..................1904
1 st con gold Os....................194 3
R efu n d in g gold 5 s ............ 1947
Gh O-Lcfe Cke l s t g u g 5s 1937
—
-----*.............
Con G Cool' Ch ls t g u g 5 s . ’36
E(j G cfe F C h l s t g u g 6 s . 1905
M u F u el G as l s t g u g 5 s . 1947
124 124
i
T ren ton G cfe LI I s t g 5 s . . l 9 4 9
97
98
U tica E L cfe R 1 st s Fg 5 8 .1 9 5 0
9 1074110

a D u e Jan

112 % 116%
116% 116 A p r ’02
96
96% 104 95% 98%
100 4 1 0 9
107*4108% 106 %A p r ’02
*121................. 121% A p r ’01
1044107%
106% 107 107 M ay’02

113

96% Sale

103 ___
1 0 5 % .......
1204122

109 110
1 0 7 % .......
104 .......
101 107

10 7 J ’l v ’OG
10 6 M ay’02
121 M a y ’0 2
10 6 D ec ’08
109*o 109%
109% jLpr’02
105 A p r '02
106 M ay '62
109 F e b ’OJ

103 106
120% 126
109 110
108 *s 109%
102 4 105
105 106

1

d D u«A pr

e D uo May

h D uo J ’ly

k D u e A ug

0

Duo Oct

q Duo D ec

s O ption sa le

Bond E eoord—Continued—“
Page 8

1070
HONUa

Wee/c’a
K a n ye o r
L a st S a le

)C K E X C H A N G E
E n d in g MAV 23
l

'fa sk v —( Continued
-.utter B ilg e ltt
u lu e k y C en t

c X A MA M l

Fkt A H l i t g

u i A A tl l i t t
e 7s A la Cull
lit
f in k lu u d
L A J elf Btlgt
L N A

•la.

191

Metr<

Man S
M e K ’p

M etros
M e x C'i

LZ
I1

AC
A <

ut
i\ia
dtL la .

J J

til
F ly
uL
U LC lilt3 g
1 IO
F iy
'imjj fc coll g o ld S s........1917 A O
•iea gold 5 a ........... 1919 A O
m a t 1st con g la . 1977 M-S
M.
1st da otfs d e p ..l9 2 7
C tfs ut dep 2 itiu c 0 a A .ftl'J l'i
Ctta of dop 1 < iuc lia B .f t lb 17
7t
M e x Nor tli la t go Itl u s . 1910 J O
M ich C ent S ee N V Cent
Mitt of N J S ee Erie
M il L H A W S ee Chic A N W
MU A Mad S ee Cldc A N W
M il A N orth S ee CU M A S t 0
M in u A S t l i la t gold 7 a .. 19*27 J -D
Io w a E x 1 st gold 7 s ....... 1909 J - D
Paoitio E x 1st gold d a ... 19*21 A - O
South W eal E x la t g 7a. 191 0 J-D
l a t con sol gold 5 a..............1931 AIN
l a t and refund gold 4 s . .1 9 4 9 M-S
M inn A S t L g u S ee B C H A N
M A P l s t o s s t p i l l s in t g u 193d J - J
M S S M A A la t g 4 in t g u 1926 J - J
M S t P A S S M con g 4 i n t g u ’38 J - J
M lun Un S ee S t P M AM
Mo Kan A T e x la t g 4 s . . . 1990 J - D
2d gold 4 a ................
01990 F-A
1 st e x t gold 5a................... 1944 M-N
S t L 1)1 v 1 st ref g l a ___2001 A O
D al A W a 1 st g u g 5 s . . . 1940 M-N
K an (J A Pac 1st g 4 s . . . 1990 M-S
M K A T of T 1st gu g 5 s. 1942 J - D
Sher Sh A So 1st gu g 5 s. 1913 F-A
T ebo A N eo sh o 1 st 7 a ... 1903 J -D
Mo K A E 1 st g u g 5 s ........1912 A-O
M issouri P acific 3d 7 s ........1906 M-N
1 st con sol g o l d 6 s ...«
____ 1920 M-N
T ru st gold 5s stam ped. « 1 9 1 7 M-S
R e g is te r e d ................. a 1917 M-S
1 s t coll gold 5 s ................... 1920 F-A
C ent B r Ry 1st g u g I s . 1919 F-A
Leroy A O V A L 1st g 5s 19*20 J - J
Pac R of Mo 1st ex g I s . 1938 F-A
2d exten d ed gold 5 s . ..1 9 3 8 J - J
St L Ir M A S gen con g 5 sl9 3 1 A -0
G en con stam p gtd g 5s 1931 A -0
U n ified A ref gold 4 s .. 1929 J - J
V erd i V I A W 1st g 5 s. 1920 M-S
M iss R iv B rid ge S ee Cldc A Alt
Mob A Birin prior den g 5s 1915 J - J
M ortgage gold I s ............. 1945 J - J
Mob J a ck A K C 1 st g 5 s. 1940 J - D
Mob A Ohio n ew gold 6 s .. 1927 J-D
1 st ex ten sio n gold 6 s . . h 1927 Q-J
G eneral gold 4 s ................. 1938 M-S
M o n tg o in D iv 1 st g 5 s . .1947 F-A
S t L A Cairo g ii g 4 s ___1931 J - J
C ollateral g 4 s ..............e l9 3 0 Q-F
M A O coll I s S ee Southern
M ohaw k A M ai S e e N Y C A H
M onongahela R iv S ee B A G
M ont C ent S ee S t P M A M
M organ’s La A T S ee S P Co
M orris A E sse x S ee D el L A W
Chat A S t
s t 7 s. 1913
N ash con sol goldL51 ......... 1928 J -J
1 st
s
A -0
J a sp er B ran ch 1 st g Os.. 1923 J -J
M cM M \Y A A 1 st GS..1917 J -J
JL
T A P B r a n d i 1st 6 s ___1917 J -J
N a sh FI or A Slief S ee L A N
N a t of M ex prior lie n 4 4 s . 19 2 6 A - 0
1 st con sol 4 s .......................1951 A - 0
N e w H A D S ee N Y N H A H
N J J u n e R R S ee N Y C ent
N e w A Cin B d ge S ee P e n n Co
N O A N E prior lie n g 6s p l9 1 5 A - 0
N Y B k ln A M an B ch S ee L I
N Y Cent A H R 1 st 7 s . . . 1903 J -J
R e g iste r e d .......................1903 J -J
Gold m ortgage 3 4 s .......... 1997 J - J
R e g iste r e d ...................... 1997 J - J
D eb en tu re 5 s o f . . . 1884-1904 M-S
R e g iste r e d ........... 1881-1904 M-S
R e g ist deb 5s o f . . .1889 -1 9 0 4 M-S
D eb en tu re g 4 s ___1890-1905 J -D
Register® d........... 1890-1905 J -D
D eb t certs e x t g 4 s ......... 1905 M-N
R e g is te r e d ...................... 1905 M-N
L ake Shore coll g 3 4 s . . . 1998 F-A
R eg istered .......................199S F-A
M ich C ent coll g 3 4 s ___1998 F-A
R eg istered .......................1998 F-A
B eech C reek 1 st g u g 4 s . l 9 3 6 J - J
R e g iste r e d .......................1936 J - J
2d g u gold 5 s ................. 1936 J - J
Cart A Ad 1 s t g u g 4 s . . . 1981 J-D
C learfield B itu m Coal Corp—
1 st s f in t gu g 4s ser A 1910 J -J
G out A Os we 1 st gu g 5s 1942 J -D
Lit c«

K a n je
'> nee
<
January 1

J -J
Q-J
(j- J
J -J
M-N

100 M ar’02
100 k A p r ’02
>
1 0 0 4 Oct ’00
109 O c t ’99
......... ------ 1 1 4 4 A p r ’02

M-N

1 1 3 4 Oct ’01
107

Sale

1124
107

1124
1074
1 1 0 4 M ay ’ 02

P ric e

P riday
Ma y S3
\K id

M oli A Mai 1st g u g 4 s .. 1991 M-S
Incom e 5 s ........................1992 Sep
N J J u n e it gu 1st 4 s . ..1 9 8 6 F-A
101 May’u2
99 1 0 1 4
R e g iste r e d ................ ... 1986 F-A
110 . . . .
N Y A t'u 1st con gu g 4a 1993 A O
110 4 M ar’02
n o i 1104
N or A M ont 1at gu g 5 s. 1916 A O
I 1 4 4 11 ti l l l ;h F e b ’02
112 1 1 4 4
L13 JB M ar’02
W e st Shore la t 4 s g u . ..2 3 6 L J-J
112 1 1 3 4
liP c ....
115 D ec *01
R eg istered ......................2 3 6 1 J-J
l.ako Shore consol 2d 7s. 1903
100 Mar'Ui
R eg istered .......................1903
99 . . . .
Gold 3 4 « ...........................1997
R eg istered ................... 1997
IOI^q 105
104 105
D ot Mon A T ol 1st 7 s. 1906
3 10441074
105 4 May'01
Ku A A G U 1st gu c 5s. 1938
114
i l l ' Sa il 114
Mahon O'l Kit 1st 5 s .. 1934
o ' i i T ’ i i ‘4 4
P itts MCK A Y 1s t gu 6 s . 1932 J -J
2d guar 6 s ........................1934 J -J
M cK ees A B V 1 st g 6s 1918 J -J
83 Sale
824
M ich C ent 1st c o n so i7 s. 1902 M-N
85
8 3 4 3 7 82
32 4 Hale
32 4 71 3 0 4 3 6 4
1st consol 5 s ................... 1902 M-N
314
32 2 0 4 2 5 4
6 s .........................................1909 M-S
*214 22 4 2 0 4
o s .........................................1931 M-S
R e g is te r e d ..................1931 Q-M
9 0 4 J ’l v ’Ol
4 s .........................................1940 J-J
1 0 1 Feb ’02
R egis tered ................... 1940 J-J
1 0 0 4 101
9 9 4 Dec'01
B a t C A iStur 1st gu g 3 s. 1989 J-D
4 0 4 Mar’02
N Y A H arlem g 3 4 s . ..2 0 0 0 M-N
35
40 k
105 May'00
R eg istered ...................... 2006 M-N
100 4
N Y A N orth l st g 5 s . .. 1927 A-O
R W A O con 1st ext 5s. ft 1922 A-O
O sw e A It 2d gu g 5 s . . . ^1915 F-A
R W A O T R 181 gu g 5 s . 191S M-N
U tica A Blk R iv g u g i s . 1922 J - J
148
1 4 7 4 tan ’02
1 4 7 4 1 4 7 4 N Y Chic A S t L 1st g 4 s. 1937 A O
121
121 A p r ’02
R egistered .......................... 1937 A-O
119 121
1 2 6 4 A p r ’02
127
126 4 1 2 7 4 N Y A G reenw Lake S ee Erie
124
121 J a n ’02
N Y A lia r S ee N Y C A II ml
121 121
122 4
1 2 2 4 123
1 2 0 4 1 2 4 4 N Y Lack A W S ee D L A \V
105
105
N Y U A W S ee Erie
103 4 1 0 6
N Y A L ong Br S ee C ent of N J
N Y A N E S ee N Y N H A H
103 N o v ’Ol
97
N Y N H A lia r 1st r e g 4 . . 1903 J-D
3
98 A p r ’01
C onvert deb certs $ 1 ,0 0 0 ....... A -0
Sm all certs $ 1 0 0 ....................
1 0 1 4 Sale 1 0 1 4 1 0 1 4 36 98 1 0 1 4
H ou saton ie R con g 5 s .. 1937 M-N
103 8 1 4 8 4 4
83 Sale
82 4
83
N 11 A D erby con g 5 s .. 1918 M-N
N Y A N E 1 st 7 s ........... 1905 J-J
......... 1 0 6 4 1 0 6 4 1 0 6 4 24 103 108
1st 6 s .................................. 1905 J -J
102 .......... 102 4 May’02
'
102 1 0 6 4 N Y A N orth S ee N Y C A II
N Y O A W ref 1st g 4 s . . 01992 M-S
90 4 ......... 9 0 4 May’02
90 4 92
*105 ......... 106 A p r ’02
R eg is $5,000 o n ly ......... 01992 M-S
1 0 4 4 10738
105 4 Jan ’02
1 0 1 4 105 4 N Y A P u t S ee N Y C A 11
N Y A R B S e e L ong Island
112 ........ 1 1 1 4 May’02
111 1 1 3 4 N Y 8 A W S ee Erie
1104113
1 1 0 4 110 h
1 1 0 4 1 1 4 3 4 N Y T ex A M S ee So P ac Co
N or A South 1 st g 5 s ......... 1941 M-N
1 2 2 4 Sale 1 2 2 4 122 k
122 126
*107 ........ 1 0 7 4 1 0 7 4
10634 1 0 9 4 N orf A W est gen g 6 3 ....... 1931 M-N
Im p rovem ’t A e x t g 6 s ..1934 F-A
107 108 107 A p r ’02
N e w R iver 1 st g 6 s ........1932 A -0
106 1 0 8 4
92 4 .......
N A W R y 1st eon g 4 s. 1996 A O
934
93 4
9 1 4 95
100 Mav’Ol
R eg istered .......................1996 A-O
105 108 1 0 5 4 M a y ’02
C C A T 1st gu g 5 s ......... 1922 J -J
10441074
Scio V A N E 1 st gu g 4 s 1989 M-N
1 1 5 4 ......... 114 J a n ’0*2
114 114
10 1 1 5 4 1 2 0
116 Sale 1 1 5 4 116
N orth Illin ois S ee Chi A N W
115 116 115 4 D e c ’01
N orth Ohio S ee L E rie A W
90 92 4 95
94^3 Sale
N orthern Pacific—
944
95
Prior lien ry A 1 gr g 4 s. 1997 Q-J
1 0 3 4 .......
R eg istered .......................1997 Q-J
1 1 2 .......... 1 1 0 4 J ’l y ’O
General lien g o ld 3 s ___a2047 Q-F
O
90 .......... 93 A p r ’02
R egistered ................... a2047 Q-F
93
93 4
90 ......... 97 Ain*’02
C B A Q coll tr 4 s S ee G t Nor
97
97
S t P aul-D ul D iv g 4 s ___1996 J-D
130 1 3 1 4
13 L5a 1 3 1 34 1 3 1 4 1 3 1 4
126 ......... 127 F e b ’02
R eg istered ................... .".1996 J- D
127 3 2 8 4
99 ......... 100
100
S t P A N P gen g 6 s . . . . 1923 F-A
98 100
R egistered certitic’s .. 1923 Q-F
1 1 6 4 ......... 118 4 May’02
114 1 1 8 4
St P au l A D u l 1 st 5 s ___1931 F-A
9 2 4 ......... 99 O c t ’01
2d 5 s ..................................1917 A-O
1 0 0 4 ......... 9 5 4 N o v ’Ol
1st consol gold 4 s ......... 1968 J - D
W ash Cent 1st g 4 s ......... 1948 Q-M
N or P ac Ter Co 1 st g 6 s ..1 933 J - J
N or R y Cal S ee So P ac
N or W is S ee S t P M A O
N or A M ont S ee N Y Cent
128 129 128
128
1 2 6 4 1 2 8 4 O In d A W S ee C C C A S t L
hio R iver R R 1st g 5 s. 1936 J-D
114 1 1 4 4 1 1 4 4 M ay’02
114 116
G eneral gold 5 s ................. 1937 A -0
119 ......... 113 D e c ’99
Ore A Cal S ee So P ac Co
1 1 5 4 .........
Ore R R A N a v S ee Un Pac
111 D e c ’99
Ore Short Line S ee U n Pac
O sw ego A Rom e S ee N Y C
79
7 9 4 104 M ay’02
102 104
10341044 794
8 1 4 O C F A S t P See C A N W
7 9 4 2 0 79
Coast Co 1 st 5 ___1946
P ac of M issouri g eesMo Pac J -D
ac
S
Panam a 1st s fund g 4 4 s . . 1917 A-O
Sink land su b sid y g 6 s ..1 9 1 0 M-N
*113
Penn Co gu 1 st g 4 4 s ........1921 J - J
R eg istered .......................... 1921 J - J
1 0 4 4 ....... 104 A p r ’02
1034104
Guar 3 4 s coll tru st r e g .1 9 3 7 M-S
1 0 4 4 - . . . . 1 0 4 4 1 0 4 4 25 1 0 3 4 1 0 4 4
Guar 3 4 s coll tr ser B . . . 1941
108 109 109 A p r ’0*2
108 1 0 9 4
C S t L A P 1 st con g 5 s. 1932 A-O
1084109
1 0 8 4 A p r ’02
R eg istered .......................1932 A-O
1 0 2 34 104
103 ......... 1 0 2 34 May’0 ‘
2
Cl A P gen g u g 4 4 s ser A .’42 J - J
102410334
10*24......... 102 4 A p r ’02
S eries B ............................ 1942 A-O
3 0*2 ........ . 1 0 9 4 S e p ’97
S eries C 3 4 s ................... 1948 M-N
101410134
1 0 1 4 . . . . . . 10 1 4 A p r ’02
S eries D 3 4 s ................... 1950 F-A
99 4 ......... 1 0 0 4 J a n ’02
10041004
E rie A P itts g u g 3 4 s B .1 9 4 0 J -J
10041014
100 ......... 1 0 1 4 A p r ’02
S e n e s C............................ 1940 J - J
9 9 4 ......... 1-00 4 N o v ’Ol
N A C E d ge gen gu g 4 4 s 1945 J - J
9434
9 5 4 54 94«4 98
9 5 4 Sale
P C C A S t L g u 4 4 s A . . . 1940 A-O
94 May’02
93 4 9 6 4
S eries B g u a r................. 1942 A -0
9 4 4 Sale
944
9 4 4 15 9 3 4 9 7 4
S eries C g u a r................. 1942 M-N
93
96
9 3 4 F e b ’ 02
S eries D 4 s gu ar............1945 M-N
1 1 1 4 Sep ’01
i i ’i '
S eries E 3 4 guar g ___ 1949 F-A
106 J ’n e’98
P itts F t W A C 1 st 7 s ... 1912 J - J
117 4
2d 7 s ................................... 1912 J - J
3d 7 s ...............................ft 1912 A -0
P enn R R 1st real e s t g 4 s . 1923 M-N
93
93
95
95 A p r ’02
Consol ste r lin g g 6 s ........1905 J - J

T e l e g r a p h a n d T e le p h o n e

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

co-Z
k

1 125 4 1 2 7 4
77 4 7 7 4

M IS C E L L A N E O U S

A m T elep & T el c o ll tr 4 s 19*29
Comm Cable Co 1 st g 4 s . . 2397
R eg istered ......................... 2397
E rie T & T col tr g s f 5 s .. 1920
M et T & T 1 st 3 f g 5 s .......1918
M u t U n T e l Co S e e AYestn U n
N Y & N J T el gen g 5 s ..1 9 2 0
N o W estn T e le g S ee W e st U n
W e st U nion1col tr cur 5 s. 1938
Fd and real e st g 4 4 a . -.1 9 5 0
M ut U n T el s fund 6 s . . . 1911
N o rth w estern T e l 7 s . . . . 1904

BONUS*
N . Y. STOCK E X C H A N G E
W eek E nding M ay 23

JJlyh S o Low Jiifffl N Y Cent tfc U R —( C o n t i n u e d )

125 4
125 4
77 4 A p r '02
113 N o v ’9 9

a. 1931
i. .1987
191*
,..1 9 3 7
L. 19*21
l.. 193ti

l1 la
»

AiAaiii
H

Low

|

[VOL. l x x i v ,

105

Week's

K a n y e or
L a s t S a le

A sh Low

K a n ye
S ce
5 iQ J a n ina r y 1
^
u

High A 0 Low JJiyti

107 4 J ’l y ’oo

1 1 0 4 D ec ’01
108 D e c ’01
105 4 N o v ’Ol

1 I 112
114
115
1 1 12 4
1144 1144
107 7s A p i ’0 ‘
J
io s
1074
1 0 4 * 4 ......... 104«s
1 0 1 4 10 1 0 4 4
108 e ..
109 4 May’02
108
110 4 M ai’00
ill
114 F e b ’0*2
114
1 1 4 4 Sale

127 4 F e b ’02
1 4 0 4 ......... 1463s A p r ’01
131 .........
1 2 0 * 8 ..........

115
126 4 130
125

115
114 4
1074
1074
109 4
114

12741274

102 «s M a r’02
101 F o b ’02
1 18°s D e c ’01
128 4 A p r ’02
130 J a n ’02
110 L e o ’Ol

1014 1 0 2 4
10141014
12841324
130 1 30

1 0 6 4 N o v '0 0
1 1 5 7s M a y ’OO

123

123

121 4 M ay’02
1 2 3 4 May*0*2
H 3 a4 J a n ’02

121 4 1 2 1 4
1234127 4
1134 1144

110 4
10534

1054108

107

N o v ’Ol
106
D e c ’01

132 4

100
214
212 4
135 4

D e c ’01
A m ’02
A p r ’02
Ja n ’02

2044214
207 212 4
135 4 1 3 5 4

1084
105 4

114 J a n ’00
1 0 6 4 M ar’02

10641064

1034104

104
104
101 4 N o v ’98

103

.........1144
1324134
1 3 2 4 .........
129 .........

1 1 6 4 M ar’02
135 4 Ax>r’02
133 4 M ar’02
135 A p r ’02
10134 I 02
1 0 0 4 J a n ’02
1 0 7 4 JTv ’01

11641164
1344 1354
132
133 4
135
135
1014104 4
1004100 4

......... I l l
1 0 5 4 Sale

215

1014102

109

102

102

1044 Sale

104*8 105
103 4 A p r ’02
734
’ 7 3 4 ’ 734 73
72 A p r ’02
1024

45

1024

10141044

45
34

112

10441064
10341054

73
72

25 100

1 2 9 4 M a y ’02
132 J ’l y ’99
122 A p r ’02
1 1 0 4 A p r ’02
100 J a n ’02
9 4 4 94 4 F e b ’02
119 May’02
1164

115
*108

1054

io

75
1024

i ’2 9 4 1294
121

122

1104 1124
100 100
9 4 4 944
115 119

117
.......

1 1 2 4 J ’ne’01
110 A p r ’02

no

110

1144

113

112

1144

1134

102 4 May’02
102 A p r ’02
1 1 2 34
1124
112 M ar’02
10*2 N o v ’98
97
99% 98 May’02
2
1 2 1 4 ......... 122 4 M ay’0 ‘

1024104
9 9 4 .........
113 114
1 1 2 3 s.........

122 4
1213s
1044
1034
1024

1*21

9 7 4 99
122412s

Oct ’00

102

10 2410 24
1014102
n i3 4 1 1 3 4
1114 112 4

N o v ’00

1 1 4 4 ......... 1144 A p r ’02
1 1 4 4 ......... 1 1 4 4 A p r ’0*2
1 1 6 4 F e b ’01
1 0 6 4 N o v ’Ol
105
96
9 8 4 97 Mav’Ol
1 3 1 4 Mar’02
1 3 1 4 May’02
130 A p r’01
1 1 0 4 M a r ’0*2
109

I U 34 1 1 6 4
11434 1 1 5 4

130
130

1314
1314

11041104

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

C o a l a n d Iro n
Col F & I Co g en s f g 5 s .. 1943
C onvertible deb g 5 s ___1911
D e Bard el C c b 1
V
T 0 A i
Gr R iv Coal A C 1st g 6 s .. 1919
—
1 1 4 4 1 1 4 4 J e ll A Clear C A I I s t g 5 s . l 9 2 6
2d gold 5 s ........................... 1926
K an A H C A O 1st s f g 5s. 1951
P leas Y al Coal I s t g s f 5 s .1928
2 112 1 1 3 4 Rook A P it C A l pur m 5 s. 19 16
36 100*8 1 0 9 4 T enn Coal T B iv 1st g Gs.ulO 17
Birm D iv 1 st consol 6 s .. 1917
11041134
Cah C M Co 1 st gu g 6s. 19*22
D e Bar C A 1 Co gu g 6 s. 1910
W h L E A P 0 Co 1st g 5 s. 1919
99*8 1 0 0 4
10041004

C o a l a n d Iro n
Cah Coal M in See T C I & R
Clear! B it Coal See N Y C & H
SO ......... 55 N o v ’O
Ool C So I D ev Co g u g 53.1909 J -J
O
Ool F u e l Co g en gold 6 s ... 1919 M-N * 1 0 9 4 ......... 115 A p r ’02 . . . . 112 116
* N o p rice Friday; la te st bid and asked th is w eek, a D ue Jan e D ue May

F-A
F-A

105 4 Sale
105 Side

A -0 108 .........
J-D
J-D
J -J
J-J
M-N
A-O 109 1 1 1 4
J-J 1 1 2 4 1 1 3
J -D
F-A 1 0 2 4 Sale
J-J

105
1024

1 0 5 4 76 103 1 0 6 4
105 908 1 0 2 4 1 1 1 4

108 108
Jan ’02
May*9 7 . . . .
Mav ’07 . . . . ...........
F eb ’02 — 106 1 0 6 4
Oct *00
...... ......
108 U 1 4
1OS 4 Alay’0 ‘
.
1 1*24 May*0*2
1109 11*24
105 Feb'OO
102
108
8 ! 1 0 1 4 UU
82 Jan ‘00 . . . .
108
107
SO
10 6 4
105

M a n u fa c tu r in g A In d u stria l
Am er B lo y o le s fd eb en 5s 1919 M-S
66
0 6 4 68
Am Cot Oil e x t 4 4 a ........... 1915 Q-F 1 0 0 100-4 1 0 0 4
y Duo J ’no ft Due J ly /> Duo Nov a Opt ion snlo

664
1004

42

8!

60
T$
9 9 4 101

BONDS
H . Y. S T O C K E X C H A N G E
W
iCTEIC FNDLNO MAY 23

1017

B ond R ecord— Concluded— Page 4

Ma t 24, 1902.]

* 4;

P ric e
P rid a y
M a y 2J

W e ek 's
S a n y o or
L a st S a to

Sanyo
l r~■
«
■
S in ce
^'0 J a n u a r y /

! l if/h A 0 L o w J /iy /i
JlliL
s in k L o w
Ponn l i l t ( C o n t i n u e d )
178 103*8 164%
W a rra n ts co n v 3 l»s 50 u
..................... 103*8 104
Con cu rren cy 0a r e g ...(/1 9 0 5
Coxvsol gold oh...................ll»H)
. . . . .....................
....
Consol gold 4 s ...................IO ld
i*0‘ ’ " No‘
j
v’97
A Hog Y ill geu gu g -I s ... 10 12
( ’l <t M ;ir 1st. gu g l %s .. 1905
■L 08% 1 1 i 1 12Ai Mar’90 ___
___
105 ......... ......... ............... , . . .
1) U U Uilfc Lltfo ls t.g u l a g . '06
.... i 1 i %111 %
112 *2......... ill% M a
Gr l i i t 1 ox l s t g u g4% $ 10 1 l
.... . . . . . . . . . . . .
. . . . . . -----S u n i t L ew is 1 st g 4 s . . . 1906
117 May»00
U N J UU i t Call go 11 4 s . 1941
P e n sa c o la ito A t l S ee L i t N ash
P e o it Blast S ee C C c i t St■L
130% F e b ’02
130 130*.]
Poo it Pole Un 1st g Om— 1021 Q -F
101. O c t ’00
*2(1 gold 4 »as...................... 610*21 M-N
P e r e M u r q - K it P J l g 6 s. 1020 A-O 123 1*26 124 %A pr *02 . . . . 1 2 i 125
V
1 st con sol gold o s ..........11130 M-N 1 1 L ......... 115 M ar’02 p. , . 114 115
113 % Sale 113% 113% 20 113% 117
P t H uron I)iv 1 s t g 6 8 .1 9 3 9 A
S ag T u s i t 11 L stgu g 4 s . 1931 F
137 N o v ’97
P in e C reek reg g u a r O s... 193*2 J
P it t s Cm i t S t L S ee P en n Co
P it t s O lev i t T ol 1 st g 6 s . . 19*22 A-O 122 ......... 107% Oct *98
P it t s F t W i t Cli S ee P e n n Co
P it t s J u n e 1 s t gold 6 s . ___1922
- J 1 2 4 % ......... 120 O c t ’01
I ll
.........
P it t s i t L F rio 2d g 5 s ...a l9 * 2 8
P it t s M cK ees it Y S ee N Y Cen
121 121
1 1 9 34 .......... 121 M ay’02
P it t s Sli i t L F 1 s t g 6 s . . . 1940
9 8 J ’l y ’97
1 st con sol gold 5 s ............. 1943
100 101%
101% 102 101% M ay’02
P it t s i t W e st 4 st g 4 s ........4947
......... 101% 101 A p r ’02 . . . - 101 101
J P M i t Co certt's.....................
121 %M ar’01
P itts Y i t A sh 1 st con 5 s. 1927
99 38 100 101 97% 100
100 S ale
1 > ending Co g en g 4s*.___ 1997
92 A p r ’01
JLv R e g iste r e d ....................... 1997
25 95% 98
96
95% 96% 9 6
J e r s e y C en t coll g 4 s . . . 1951
R e n sse la e r i t Sar S e e D & H
R ich i t D an S e e S o u th R y
R ich i t M eek S ee S ou th ern
101% 27 100 102%
R io Gr W e st 1 s t g 4 s .......... 1939
101% Sale 101
9 2 34 A p r ’02 . . . . 92% 95%
C onsol and col tr u s t 4 s .1 9 4 9
93% 96
* 92 .......... 97 J a n ’02
U ta h C ent 1 s t g u g 4 s .a l9 1 7
97
97
R io Gr J u n e 1st gu g 5 s . . . 1939
11 4 .......... 114 M ay’02
112% 115%
82% A p r ’02 . . . . S2
R io gr So 1 st gold 4 s .......... 1940
84
S6
82 %
94% M ay’02
91
94%
G u a ra n teed ......................... 1940
R och i t P it t s S e e B R i t P
R om e W at i t O g S e e £1 Y Cent
R u tla n d 1 s t con g 4% s___ 1941
101% N o v ’01
R ut-C an ad 1 s t g u g 4 %s. 1949
a g T u s <t 11 S e e P ere M arq
t L ak e C 1 s t g s f 6 s .. 1913
2 95
S t Jo i t Gr Isl 1 s t g 3 -4 S ..1 9 4 7
97
98
98%
S t L aw <t A diron l s t g 5 s . 1996
__________
2d gold 6 s ............................ 1996
S t L i t Cairo S ee M ob i t Ohio
S t L i t Iron M o u n t S ee M P
S t L K C i t N S e e W abash
S t L M B r S ee T R R A of S t L
S t L i t S F ran 2d g 6 s Cl B 1906
107 .......... 107% May*02
107% 111%
2d gold 6s C lass C............1906
107 .......... 107 M ay’02
107 110%
G en eral gold 6 s ..................1931
* 1 3 2 . . . . . . 132% A p r ’02
131% 134
G en eral gold 5 s ..................1931
3 115% 118
118
1 1 6 3 ......... 118
4
S t L i t S F R R gold 4 s .. 1996
9 8 .......... 99 M ay’02
96 100
S o u tliw D iv l s t g 5 s . .1 9 4 7
100 J a n ’02
100 100
R e fu n d in g g 4 s ............. 1951
97% 26 96% 98%
9034 97% 96%
K C F t S i t M c o n g 6 s . .1 9 2 8
125 ......... 1 2 3 % D e c ’01
K C F t S i t M R y r e f g 4 s 1936
9 0 34 91
14 90% 94%
91
91
R e g is te r e d ....................... 1936
......................
S t L o u is So S e e I llin o is C ent
S t L S W 1 s t g 4 s bd c tfs .1 9 8 9
98% S ale
97%
98% 192 96% 1 00%
2d g 4 s m e bond c t fs ...jp l9 8 9 -J
84
85
83%
84% 16 77
88
T r u s t Co e t f s ............................
81% Sale
81
81% 83 80% 81%
G ray’s P t T er 1 s t g u g 5 s 1947 J -D 1 0 2 % .........
S t P a u l i t D u l S e e N o r P a cific
S t P a u l M i t M an 2d 6 s . . . 1909
1 1 4 116 114% M ay’02
114% 117
1 s t co n so l gold 6 s .............. 1933
140% 141 141 A p r ’02 . . . . 137% 141%
R e g is te r e d ....................... 1933
1 3 9 % .......... 140 M ay’02
139 140
R ed u ced to gold 4 % s ..l9 3 3
2 114 115%
115 116 115
115
R e g is te r e d ....................1933
116% A p r ’01
D a k o ta e x t gold 6 s ..........1910
1 1 6 % ii8 %
1 1 4 % .......... 118% A p r ’02
M on t e x t 1 s t gold 4 s ___1937
5 106 109
1 0 7 % .......... 107% 107%
R e g iste r e d ....................... 1937
.................... 106 M ay’01
E M m n ls t d .iv l s t g 5 s . .1 9 0 8
1 0 6 % .......... 107% M ar’02
106% 107%
R e g is te r e d ....................... 1908
..............
N o r D iv 1 s t gold 4 s ___1948
1 0 4 % ...
M in n U n io n 1 s t g 6 s ___1922
128 A p r ’02
M on t C 1 s t g u g 6 s ..........1937
1 4 0 % .......... 141% A p r ’02
140% 141%
R e g iste r e d ....................... 1937
115 A p r ’97
1 s t g u a r gold 5 s ............1937
124% 125
i ’ 3 % ......... 125 A p r ’02
2
W ill & S F 1 s t gold 5 s .. 1938
124% 125%
1 2634 .......... 1 2 5 % F e b ’02
St P it N or P ac See N or P ac
S t P i t S ’x C ity S e e C S t P M i t 0
S F e P r e s i t P li l s t g 5 s . . . 1942 M-!
111 A u g ’01
S A <t A P S e e So P ac Co
S F <t N P 1 st sin k f g 5 s . 1919 J113% D e c ’01
S a v if <t W 1 s t gold 6 s ___1934 A129%
128 ‘ D e c ’Ol
1 s t gold 5 s ........................... 1934 A114
123 D e c ’99
S t J o h n ’s D iv 1 s t g 4 s . . . 1934 J 95% N o v ’01
95 100
A la M id 1 s t gu gold 5 s .. 1928 M-l
1 0 8 % ......... 111 D e c ’Ol
B r u n s i t W 1 s t g u g 4 s . . 1938 J9 3 34 ......... 87 A u g ’01
S il Sp Oca i t G g u g 4 s . .1 9 1 8 J 93 ......... 93 A p r ’02
89% 93%
S cioto V ai i t N E S e e N or i t W
Seaboard A ir L in e g 4 s ...1 9 5 0 A80 Sale
86
86% 77 8 4
87%
Coil tr refu n d g 5 s ..........1911 m -:
1 102% 105%
102% 102% 102% 102%
S cab i t R oa 1 s t 5 s ................ 1926 j 1 1 4 % .......... 104% F e b ’98
Car C ent 1 s t con g 4 s . . . 1949 j 9 6 34 ......... 96% M ar’02
96% 96%
Slier Shr i t So S e e M K i t T
S il Sp Oca i t G S e e S a v F i t W
Sod B ay i t So 1 s t g 5 s ........1924
1 0 3 % .......... 100 D e c ’Ol
So Car <t Ga S e e S ou th ern
B o P a c Co—Coll tr g 4 %s.. 1905
99 101%
101% 102% 101 A p r ’02
Gold 4 s (C ent Pac c o li). k 1949
> 95% S ale
95
95% 158 93% 96
R e g is te r e d ................... I d 949
) ..............
95 A p r ’02
94% 95
A i t N W 1 st g u g 5 s ___1941
111 J ’n e ’01
C ent P ac 1 s t ref g u g 4 s 1949
1 0 1 34 102% 102
102% 40 101% i"04
R e g is te r e d ....................... 1949
................
99% J ’n e ’00
M ort g u a r gold 3 % s.. I d 929
88%
88% 10 87
89%
88% 89
.
R e g is te r e d ............... k l 929
G al l i a r i t S A 1 s t g 6 s . . 1910
1 1 1 % .......... 112 A p r ’02
109% 112
2d gold 7 s ......................... 1905
107 ......... 108 M ar’02
108 108
M ex < P ac l s t g 5 s ___1931
fc
109% 110%
107% .......... 110% A p r ’02

M ISCELLANEO US
M a n u f a c t u r i n g tfe I n d u s t r i a l

Arn i Iide So L 1 st s f g 6 s . . 1919
A rn S p irits M fg 1 st gO H ..1915
A m T hread Js t col tr 4 s . . . 1919
B ar So S Car Co 1s t g Oh . . . 1942
Con -ol T ob acco 50-yr g 4 s. 1551
R e g iste r e d 4 « ....................1951
D j ill of A m er coll tr g a s . J 9 1 1
G raniercy B ug 1 st gold 6 h . 1923
111 s t e e l Co deb OH.............. 3.910
N on-con v deben 5 s .........1913
Jn t Pa per Co J st con g 0 8 .1 9 1 8
K n ick erb o ck er Ice (C hicago)
1st gold 5 s ...................... 1928 A-O
N a t S ts roll M fg Co 1 st g 6s 1920 M-N
N a t Starch Co s f deb 5 s ..J 9 2 5 | J -J
S tan Rope So T Js t g 0 8 ... 1946 F A
I mx/rne g o ld 5 h................ J9 4 0
U B i u n t l i Co Hr deb g 0 f .1 9 1 3| M-N
,

BONDS
W ISft 1
C

YG F
UJN<1 MAY 23

H

Prion
Pet d a y
M a y US

9

Week’s
U m y e or
Last Pate

|

I

Hanye
S in c e

- /.

.January /

Hid
A8h Juno
JJiyi>\ ' o \ ' I / O ’UJ / / i f j l o
S o u l h o r n P a c < •> ( C ont n v e d )
J 1*3
G ila VO & N l i g u •• B . 1924 M-N LOS .......... 10 8 Muy'(J ‘2 . .J lO H
100
11oils H »t W T 1-I V ■ . 1933 M-N 107 .......... 106 F e b ’0 2 . . 1 0 5
i
>
] mI gu g 5 h rod ecn ia b h .1 9 0 8 M-N 160 .......... ...........................
2 1 LOU 1 1*2 12
1115
11 i t 'J' 0 1 st g r> in t gn . .1 9 8 7 J - J 1 1 1% 1 13% 111%
M
1 10 ‘-.j Muy'O ' .. 1 10 % 114 %
1 Lo
C o n so l g Oh in f g u n r. .1 9 1 2 A G
94 ‘.j
Ji| 9 3 9 5 »
m
94
94% 94 '.j
Goui g o ld 4rt i n i g lia .1 9 2 ) A-O
.......... 1127 % F c b ’o
W aco & N VV d iv Lsl 0 s ’3O M-N * 12 9
105 .Jan ’0 2
137
(.1 9 1 8 A-O 1 ■
L35
123
1 2 3 % .......... 123 % Jfeb ’02
1 st gold Oh................... .1 9 2 0 J - J
N Y Tito M ex gu 1 st g 4 h. 191 2
N o of Cal 1 st gu g Os___1907
G uaranteod gold 5 h ___1938
Ore it Cal 1st guar g 5 s. 1927
S A <t A P ass 1s t gu g 1s , 194 3
So Pot' Ar g u l s t g Os c l 909 10 .1 - .J
S P of Cal l s l g Os........1905 A-O
j st g Os se r ie s is........1905 A-O
I s t g G s s e r io s C i t I). 1900 A O
1 st g Os se r ie s E So I f .1912 A-O
l s l gold Gs....................1912 A-O
1 st con gu ar g 5 s ___1937 M-N
S ta m p e d ........1905-1937 M-N
S P ac of N M ex 1 s t g 6 8 .. 1911 J -J
S P C oast 1 s t g u g 4 s ---- 1937 J - J
T ex it N O 1 st 7 s .............. 1905 F-A
Sab in e D iv l s t g 6 s ___1912 M -S
Con gold 5 s ......................1943 J - J
S ou th ern —1 st con g o s ---- 1994 J - J
R eg istered ....................... 1994 J - J
M ob & Ohio coll tr g 4 s .. 19 3 s M-S
M em D iv 1 st g 4% -5s...l99(> J -J
S t L ou is di v 1 s t g 4 s ---- 1951 J - J
A la Cen R 1 st g 6 s ..........1918 J - J
A tl ct D an v 1 s t g 4 s ........1948 J - J
A ll it Yad 1 st g gu ar 4 s. 1949 A-O
Col & G reen v 1 st 6 s ........1910 J - J
E T Y a ct Ga D iv g 5 s . .1 9 3 0 J - J
Con 1 s t gold 5 s .............. 1950 M-N
E T en reor lie n g 5 s ........1938 M-S
R e g iste r e d ....................... 1938 M -S
Ga P a c R y 1 s t g 6 s ......... 1922 J - J
K nox ct Ohio 1 s t g 6 s . . . 1925 J - J
R ich it D an con g 6 s ___1915 J - J
E q u ip sin k fu n d g 5 s .. 1909 M -S
D eb 5s sta m p ed .............. 1927 A-O
R ich Sb H e c k 1 s t g 4 s . . . 1948 M-N
So Car & Ga 1 s t g 5 s . . ..1 9 1 9 M-N
V irg in ia M id s e r D 4-5S.1921 M-S
S eries E o s ....................... 1926 M-S
G eneral o s ....................... 1936 M-N
G uar sta m p ed ............1936 M-N
W O So W 1 s t c y g u 4 s .. 1924 F-A
W est N C 1 s t con g 6 s . .1914 J - J
S it N A la S ee L & N
Spok F a lls < N o r 1 st g 6 s. 1939 J - J
fe
S ta t I s l R y 1 st g u g 4 % s ..l9 4 3 J-D
Sunb it L ew See P en n R R
Syra B in g i t N Y S e e D L i t W
r r e b o <t N S ee M K ct T
JL er A of S t L 1 st g 4 % s ..l9 3 9 A -O
1 st con gold 5 s ........ 1894-1944 F - A
S t L M B g e T er g u g o s . 1930 A -O
T ex i t N O S e e So P a c Co
T ex i t P a c E D iv 1 st g 6s ..1 9 0 5 M-S
1 s t gold 5 s ........................... 2000 J -D
2d gold in c 5 s ....................g2000 M ar
L a D iv B L l s t g 5 s ........1931 J - J
T ol i t O C 1 s t g o s ................1935 J - J
W e ste r n D iv 1 s t g 5 s . ..1 9 3 5 A -O
G eneral gold 5 s . . , ............ 1935 J - D
K an ct M 1 s t g u g 4 s ___1990 A-O
T ol P ct W 1 s t gold 4 s . ...1 9 1 7 J - J
T ol S t L i t W pr lie n g 3 %s. 1925 J - J
50-year gold 4 s ..................1950 A-O
Tor H am i t B u ff 1 st g 4 s ./il9 4 6 J -D
r D
t con
1928 J
U ls te a ci tR Re il ti s 1 gr g g4 5 s.1 9 4 7 J --D
J
n P
s.
R e g iste r e d ....................... 1947 J - J
1 st lie n c o n v e r t 4 s r ........1911 M-N
R e g iste r e d ....................... 1911 M-N
Ore R y i t N a v con g 4 s . 1946 J -D
Ore Short L in e l s t g 6 s .. 1922 F-A
1 st co n so l g 5 s ................ 1946 J - J
U tah i t N o r 1 s t 7 s ..........1908 J - J
Gold 5 s ...............................1926 J - J
U n i N J R R ct C Co S ee P a RR
U ta h C entral S e e R io Gr W es
U ta h i t N o rth S e e U n P acific
U tica i t B la ck R S e e N Y Cent
er
l
ee Mo P
Y ir gV aia In d & SWe SSou th R y
in M id
e
ash 1 s
W ab2d gold t 5gold o s ........1939 M-N
s ....................1939 F-A
D eb en tu re se r ie s A ........1939 J - J
S eries B .............................1939 J - J
1 s t lie n equip s f d g 5 s . . l 9 2 1 M -S
D et ct Oh E x t 1 st g 5 s .. 1941 J - J
D e s M oin D iv 1 s t g 4 s .. 1939 J - J
Cm D iv 1 st g 3% s............ 1941 A -O
T ol i t Ch D iv 1 s t g 4 s . . .1941 M-S
S t Chas B rid ge 1 s t g 6 s. 1908 A -O
W arren S e e D el L ac i t W e st
W ash C en t S e e N o r P ac
W ash O i t W S e e S ou th ern
W e st N Y i t P a 1 st g 5 s . .1 9 3 7 J -J
Gen gold 3 -4 s......................1943 A-O
In com e 5 s ......................... $ 1 943 N o v
W est N o Car S e e S ou th R y
W est Shore S ee N Y C ent
W V a C ent So P l s t g 6 s .. 1911 J - J
W h eel’g i t L E 1 s t g 5 s . . .1 9 2 6 A -O
W h eel D iv 1 st gold 5 s . .1 9 2 8 J - J
E x te n ct Im p gold 5 s . . .1 9 3 0 F -A
1 st co n so l 4 s ....................... 1949 M-S
W ilk es i t E a st S e e E rie
W il <t S io u x F S ee S t P M <t M
W inona i t S t P S e e 0 i t N W
W is C ent 50-yr 1 st g en 4 8 .1 9 4 9 J - J

1 09

1 17 i,,

91
90
112 ___
105 *8 107
105% ___
107 ___
115;
108 V 109
.
1151
'-l.......

1 13 J a n ’01
105 •j N o v ’01
0
1 1 2 A A pr *02
]
1051; A p r ’02
108 D o c ’01
110% J a n ’02

87 % 92
112*8 1 H %
1 0 5 U 1 0 8 ‘i

110*6 110*4

12 0 F eb ’01
107 N o v ’00
10 8 At lOHAj
110*4 A p r ’02

108
108
114 %F eb ’02
01
122% 123
122 Jan ’02
98%
98
99
98%
115 ......... 115 M ar’02
101%
101 S ale 101
119 ......... 120 M ar’01
97 A p r ’02
95% 98
98 ..........
1 2 1 % ......... 121 J ’n e ’01
118 120% 118% 119
1 2 0 % ......... 120% M ay’02
116 116% 117 M ay’02
111
107
122% S ale

* i ib 8 ~ i o s "

. . . |114.Ha 1 J4.la
II.
119% 123
. 8j 122 122
T9 %
6 97
112% 115
*18 99% 101%
....

94

97

4 117 120%
. . . . 120 122%
— 113% 117

1.28 .......... 128
1 2 6 % .......... 125
121% 123 122

125 129
- - • • 125 127%
. . . . 120% 122*2

1 1 1 % .........
9 0 ..........
109% 112%
112 115%
114% . .
1 1 5 % ..........

• • • • 111% 113%
. *»• 9 0
90
. . . . 109 111

9 3 % ..........
120 %121
125

M ay’02
J a n ’02
M ay’02
1 0 1 %J ’ly ’00
111% M ay’02
90 M ay’02
109% M ay’02
102 Oct ’99
114 Sen ’01
115% M ay’02
1 1 6 ^ D e c ’Ol
98 A p r ’02
120% M ay’02-

!108 % 111
,115 116*i

.......... 117

_ 115
_

116

98
120

98
121

J ’l y ’OO

114% 114%
112% 11 6 114% M ar’02
1 1 6 % .......... 116 M ar’02 . #4# 116% 116%
1 1 4 .......... 115% M ay’02 . . . . 112% 115%
104 F e b ’01
.......... 121% 121%
.......... 97% A p r ’02
111 J ’n e ’Ol
113% A p r ’02
i o o i ’0 9 112% N o v ’01
109
109 S ale 109
.......... 97% 98% A p r ’02
92%
92%
92% 93
90% 91% 91% M ay’02
82% S ale
82
82%
.......... 99% 99% M ay’02
113
113
106 S ale 105% 106%
105% M ay’02
107% S ale 106
107%
106 A p r ’02
104% 104% 104% 104%
127
126% 128% 127
118
118
...........119
117% J ’n e ’01
114% A p r ’02
121
98

1 2 0 S ale
110% 112

120
120%
110% 110%
102 A p r’02
75%
75% Sale
74%
105 106 105% A p r ’02
111% Sale 111% 111%
97 M ay’02
96
97
88 ......... 89 M ay’02
98% 100
98 M ar’02
109 .......... 110 M ay’02

63 119
. . . . 96

121%
102%

. • «• 113% 114%
10 107 110%
. . . . 98% 98%
1 91
93
• • • • 90
91%
29 81% 87
....
97% 99%
10 111 113
136 104% 106%
. . . . 104% 1 06
3625 105% 110%
«• • • 106 106
12 102 104%
1 126 129%
2 117 119%
**** 114% 114%

18 118% 121
1 110% 114%
. . . . 100 102
922 66% 78%
. . . . 105 105%
1 109% 111%
. . . . 95
97
. . . . 86% 89
. . . . 98
98
. . . . 109 111%

121
98
35

Sale 120% 121
17 119% 121
98% M ay’02 • • «• 98% 101
99
.......... 40 Alar’01

114
114
112

......... 114% J a n ’02
112% 114%
116% 113 A p r ’02 • • • • 113 115%
_
......... 112% J a n ’02 _ 112 %112%
113 D e c ’Ol
94
93% 93
93% 21 91

93

93%

94

104%

105

101%

93% S ale

45

1 0 1 % 20 1 0 1 % 1 0 1 %
11
82
79% 65%

88

95

BON OS— Concluded.
M iscellaneous

12

A dam s E x col tr g 4 s ..........1948 M-S
A m D k it Imp 5s S ee C en t N J
86
86
90
2 80
83 M ay’02
Arn SS Co of W V a g 5 s ___1920 M-N
82% 83
105 J a n ’00
B ’k l’n FerryC o 1 st co n s g 5 s ’48 F-A
00%
67
8U4 64% 69% Chic J c i t S t Yard col g 5 s .1915 J -J
60% Sale
65 %M ar’02
6 0*2 65% H ob ok en L i t I gold 5 s. ..1 9 1 0 M-N
86
92% Mad Sq G arden 1 s t g 5 s .. 1919 M-N
92 *2
02% Safe* 9 2
90
M an B ch H<fcL gen g 4 s .. 1940 M-N
99% A p r *01
99 Jan *99
N ew p N e S h ip i t D 1> 5s $ 1 9 9 0 J - J
1 0 0 100
100 M ay’02
N Y D ock 50-yr 1st g 4 s .. 1951 F -A
106 108 108 *2 May’02
108 112
N Y <t O ut Land 1 st g 08. .1 9 1 0 F-A
R R Scour Co 50-yr g 3 * 8 - 1 9 5 1 J - J
2
93 A u g ’O
O
98
St J o se p h S tk Y d s 1 st 4 ^ 8 .1 9 3 0 J -J
109 100*2 100*2
1 0 0 110*2 S t L T er Cup p ics S ta t’n Sr Prop
9 4 A p r ’02
95
89
95
Co 1st g 4 H 5-20 y e a r .. 1917 J-I)
sB
71*2
73
74
30 55
72 Sale
S Y uba Wat Co con g 6 h . . 1923 J -J
10
I7
I 0 *4 Sale
Si) Val W at W orks I s t 6 b 1900 M-S
179
0% 10
112 1 16*2 U S Red it R ef 1st w ig 0 s . 1931
112 % 1 J4 11.2*2 M ay’02
N o price Friday; latent bid and ankrMl. a b u o J a n b Duo Feb $ D u o A p r y Duo J ’n e h D uo J ’ly Ic Duo A ng n D u e
93% S ale
80
88

97^4

98*4

94*2 1 0 0

104

105

V .Y .Y /s i '

82
111
50

97% Sale
j b i ” IZIZZI

7 103% 107%

M ar’01

F eb *02 . . . .

97%
98
90 Oct ’99
91% D e c ’Ol

10

38

50

90% 100

. . . . . . . . . . . . 101 F e b ’97
113% J ’l y ’00
18 85
89%
*87 S ale
86
88
Sop p D u e N o v q D u e D eo a O p tio n s a lo

BOSTON STOCK EXOHANG-E—Stock Eecord, Daily, Weekly and Yearly
t
S h a i ’t) P r ic e s - N o t P e r ( ’e m u 111 P r ic e a

S a tu r d a y
77% 77%
*96% 97%
*•262 9 6 3
* 163 161
• ..........215
197
L97
* ..........163

M onday
M ay 19
77%
90 4
it)3
197
*305

* 1 6 6 S i..........
* 1 9 9 201 *19 9
* ..........L65
*285
.......... 2 9 5
* ..........116
*1 7 3 4
42%
42**4 4 4 ^
97
97% *97
*274 284 *274
230
229 4 230
2 0 9 209
* 7 1 4 73
*79
81
80
82
* 85
87 4
* 1 0 6 107
103 1 0 3 4
87 4 8 7 4

*150

160

*1104
914
34
145
6
235
*9
103
264
*28
*2
107
544
32
13

914
44
145
6
235
103
264
29
24
108
544
32
134

40
404
90% 90%
*•90
1%
9QX-, oi)
* 1 0 1 102
*1034106
* 1 0 6 110

100

*15 0

I Wednesday

M ay 21

964

160

*2 0 8
209 210
68
70
68
79%
7 9 4 80
8 1 4 85
83
86
*84
*84
107 107
*105
104%
1 0 3 4 104
87%
87
87 4

La8t sa le

43 4 4 5 ^
97
97
27% 2 7 4
235 237

Last sa le
L a st S a le

210
210
70
-7 0
80
82
83
*84
86
-1 0 5
107
104% 104%
87
87 4

210
72
82

-Lf Olay
M a y 2o
80
98%
261
-1 6 3
*243
200

183
306
16 7

M ay'0 2
M ay’02
*285
..........
145
14 5
175
A p r '02
43
44 4
96 4
96 4
*27%
28
234
234
171 4 M ay'02
232
M ay’02
209
309
*70
72
83
83

ML

86
85
1 08
*105
105
1044
87%
87 4

95 4 96
115 115

95
114

L a s t S a l e 28
L a s t S a le 40 4
150

152

80%
98%
26 1
164
245
200
A p r ’02
May* 02
170

200

L a 81 S a l e 17b

* 9 5 4 96
95 4 95 4
115 115
115 115
*26
264
k
47%
* 1 6 0 160
*15 0 1 6 0

*150

85
108
1054
874
F e b '02
96
115
M ay’02
M ay'02
160

27
28
27
27
26
28
28
264
87
87
8 6 4 86%
86 4 8 6 4
864 864
9%
9
9
9
94
9
94
94
35
35
36%
36 4 37%
35
354
36%
128% 129%
1 2 7 4 128% 127% 1 2 8 4 127% 130
118% 118% 11 8
119 119
119 119
118%
178 1 7 8
179 179% 179 179
178
17 9
14%
14%
13% 1 4 4
144
1 3 4 1 4 4 *14
76
764
7 6 4 76 4
76
764
75 4 76
*4 .......... L a s t S a l e 4
M ay’02
*4
k
129% 1 2 9 4 1 2 9 % 129% 129% * .......... 129%
129% V |
54% 5b % 54%
54% 57
53
554
544
524 534
8%
*8%
8%
84
84
*84
84
84
84
*8 4
k
k
L a s t S a l e 280
280
* ..........2 8 0
M ay’02
280
*313 316
8 1 4 315
313 316
-3 1 3
316
315 3 1 5
*180 .......... *180
*180
180
180 180
O3o
2%
2%
k2%
2%
2%
2%
*2%
24
2%
—0
L a s t s a l e 50
J ’l y ’01
*1104
*1104
* 1 1 0 4 .......... L a s t S a l e 206*4 M ar’02
92
*91% 92
92% * 9 2
92%
91% 92
91% 92
*4
44
4
*4
44
4
, 4
*4
44
44
148 1 4 8
* 146 1 4 8
147 148
*147
1 48
145 145
*5
6
6%
5
5%
*5
6
6
6
*5 4
235 235
230 236
2 3 5 235
235 235
235*4 2 3 li
10
*9
9
9
9
9
*9
*9
Oi
102% 102% 103
102% 102%
102 102
102 1 0 2
2 6 4 26 4 * 2 6 4
27
264 264
2 6 4 2 6 4 * 2 6 4 27
29
*28
29
29
29
29
29
*28
*28
29
2
2
*2
*2
2%
2%
*2
2%
*2
2%
10 9
106 1 0 7 4 1 0 7 4 1 0 8 4 1 0 8 109% 1 0 8 4 1 0 9 4 1 0 7
54
54
54
544
54
5 4 4 5 4 4 * 54
544
54%
32
32
32
32
32
32
32
32
32
32
134 134
134 134
L a s t S a l e S5
A p r ’02
L a s t S a l e 7S% A p r ’02
L a s t S a l e 57% M av’02
40% 4 0 4
40%
40%
39% 40%
39
40
40% 40%
90% 90%
90% 90%
90%
90%
90% 90%
89%
89
1 4 L a st S a le 1
A p r ’02
**90
1 4 *•90
1 4 *•90
204
28 ~ 28
2 8 ^ * 2 8 4 29 4
28
28
28
28
102 10 2
101 102
1014
102%
1 0 0 1 0 0 % 102 102
*103 107 " 1 0 6 4 1 0 6 4 * 1 0 3 106 * 1 0 4 4 1 0 6 4 * 1 0 4 4 1 0 6 4
L a s t S a l e 107
M ay’02
'1 0 6 1 0 8
*106 1 0 8
* 1 0 6 109
L a st S a le 14
J a n ’02
25
*85 4
8%
35
125
1184
177
134
764
*4

26
834
9
36
126%
119
179
134
764

*224 234
2 2 4 2 2 4 *23
*3
34
*3
4
34
67%
67%
67
674 674
34
34
34
34
34
12
*11
*11
*11
12
* 2 7 4 2 8 4 * 2 7 4 2 S 4 *27%
54
6
64
54
54
1
•60
*■60
*•75
1
32
32
32
33
*31
35% 35%
36%
36
36
-7 5
*75
•75
*•75
*85

23
234
3%
34
68%
68%
34
*24
12
*11
2 8 4 *28
6
54
1
*•60
32
33
37
37
•85
•75

*9
550

Sales Han ye Since J a n u a r y 1
1002
of the
Week
Lowest
Share*
H ighest

Lange Jor Previoui
Vanr f IQfht i
Lowest

H ighest

74% J a n 27 84% A pr 18
95 % M a r l2 103% J a n 3
B o sto n & A lb a n y ___100
2 6 0 M ay 2 2 2 6 6 M ay 9
B oston E le v a t e d ........ 1 00
161% F e b 21 173% M a r l4
B o sto n & L o w e ll........ 100
241 J a n 2 2 4 8 A p r 8
B o sto n < M a in e ........ 100
&
191 J a n 2 2 0 9 A pr 28
172 J a n 13 183 A p r 26
D o nr e f ................. 100
B o sto n dL P r o v id e n c e 100
301 J a n 2 3 0 7 Mar 2 6
C hic J u uo H y & U S V 100
3 4 0 152 F e b 2 0 172 M ar20
2 130 J a n 3 130 M ar 20
Do p r e f................. 100
2 0 0 May 7 2 0 2 J an 27
Oou & M o n t C la ss 4 . . 100
164 M ay 8 166% F e b 10
Comi<fc P a ss R iv p ref 100
C o n n e c tic u t l l i v e r . . . lo o
1 2 9 0 J a n 23 2 9 5 F e b 6
102 142 J a n 24 118 M a r l ]
F itc h b u r g p r e f............ 100
M aine C e n tr a l............. 100
172 J a n 7 177 J a n 10
M ass E le c tr ic C o s___100 2 1 ,2 0 2 33% J a n 2 8 45% A pr 21
2 9 9 9 2 J a n 13 98% A pr 28
D o p r e f ................. 100
4 2 8 2 6 J a n 15 3 1 M ur 31
M e x ic a n Ce 11t r a l........ 100
4 0 0 2 1 0 J a n 31 2 5 4 A p r 28
N Y N If & H a r t-.... 100
N o rth e rn N 11............lo t)
I 7 0 J a n 14 175 J a n 3
2 3 0 J a n 9 2 3 8 A pr 5
N o r w ic h tte W or p ref 1 0 0
Old C o lo n y ....................1 0 0
63 2 0 9 M ay 3 2 1 7 A p r 4
F er e M a r q u e tte ..........100
1 35 6 8 M ay 20 83% J a n 4
195 79% M ay 19 8 8 J a n 31
D o p ref ........... .. 1 0 0
R u tla n d pref .
..1 0 0
2 9 6 7 4 M ay 16 125% A p r 23
100 58 J a n 8 9 0 M ay 13
S e a ttle E le c t r ic ..........1 00
7 0 10 6 M ar 2 2 110 M a r l J
D o p r e f................. l o o
U n io n P a c in o ..............lo o 4 ,2 3 4 98% F e b 28 107% A p r 21
D o p r e f ..................1 0 0
2 9 6 86% M arl 1 90% J a n 2
V erm o n t
M ass
100
172 J a n 15 176 F e b 18
W e s t E n d S t ................ 50
3 3 8 9 4 J a n 2 9 9 M ar 18
D o p r e f .................. 50
51 112% J a n 2 116% M a r 3 1
W isc o n sin C en tra l
100
19% J a n 28 2 8 M ay 7
39% J a n 28 49% M ay 7
Do p rof . .
LOO
W ore N a sh & R o c h .,1 0 0
18 148% F e b 11 152% M ay 12

42% J a n
8 0 M ay
25 1 J a n
159% J an
2 3 8 J ’ly
189 D ec
168 F eb
2 97 May
143% J ail
126 J an
L98 J a n
160 Jan
276 Jan
139 J a n
166 J a n
2 4 J an
77% J an
13% J an
• mm
F eb
163 J an
2 2 3 J a il
2 05 J a il
3 0 J an
70 Jau
87 J a n
42 A u g
9 8 J ’n e
78% .Ian
8 2 J ail
172 N o v
92% J a n
110 J a n
17 F eb
4 0 %D e c
150 A u g

90% J ’ini
107% May
265 A pr
190 J ’ly
248 A pr
200 A pr
176 A p r
3 07 A p r
162 J ’liu
135 A p r
200% N ov
165 D ee
2 8 6 May
148 A p r
173 N ov
15 J ’ly
9 6 J ’ne
29% Mny
2 17% J ’ne
173 N o v
2 3 1 J ’ne
2 12 % A pr
95 N o v
8 9 N ov
12 0 D eo
61 D eo
108 D eo
132 %M ay
99 M ay
173 % A u g
99 "A pr
118% A p r
24% A p r
4 8 J 'iie
155 A u g

2 ,2 6 5 21 J a n 16
2 5 8 81% J a n 2
2 ,7 2 7
4 J a n 21
1,227 2 8 J a n 24
17,667 116% J a n 6
2 9 0 115 J a n 4
1 ,6 9 6 155 M ar 1
55 5 13 A p r 23
647 73 A p r 24
3% M ay 5
16 0 122% A p r 4
8 ,4 8 2 25 J a n 15
270
7% F e b 6
244 Jan 2
27 2 7 5 J a n 13
2 170 J a u 2
7 10
2 Jan 6

30% A pr 29
88 M arl 5
9% M ay22
37% M ay22
135% M ar31
120 A p r 4
185% A p r 4
17% J a n 7
80% J a n 2
4% M ay 6
130% A p r 30
75 A p r l 4
9% M ar27
28 5 J\lay 0
332% A p r 9
l 8 8 ‘-> M ar31
3% A p r 7

103 F e b 7
189 8 9 J a n 15
8 62
3% M ay 5
22 135 J a n 2
3 05
4 A pr 24
174 2 1 6 J a n 7
30
6 J a n 23
201 10 0 J a n 9
7 25 26% May 17
60 2 8 J a n 23
10 0
1% F eb 25
6 ,3 8 0 85% J a n 8
1,271 4 6 J a n 2
456 29 Jan 2
4 0 0 11 % J an 2 5
80% J a n 22
13% J a n 25
49 Jan 2
4 ,5 8 5 3 9 M ay 19
2 ,1 3 9 8 9 M ay 19
•72% M a r l 1
4 6 3 26% M ar 11
121 9 1 F o b 28
3 86% J a n 11
89 J a n 29
1% J a n 27

106% M arlO
92% M ay2 2
7% M a i2 0
151 A p r 3o
13 M ar 4
2 4 8 A p r 28
9 M ay 15
107 F e b 24
27 J a n 2
2 9 J a n 28
2% M arlO
110 M ay 5
57% M ay 1
33% A p r 28
14% A p r 2
86% A p r 2
18% A p r 14
62% M ar25
46% J a n 7
97 % J a n 7
1*12% A p r 15
3 3 X>Apr 4
106% A p r 4
115% A p r 9
117 A p r 9
1% J a n 17

2 0 O ct
79% D eo
3% J a il
28 A ug
103 D e c
112 D ec
151 J a n
14 G ot
70% M ar
4 F eb
129% N o v
2 0 O ct
7 N ov
217 Jan
184% J a n
J53 F e b
1 % D ec
50 A p r
101% A u g
88 D ec
4% N o v
127% J a n
12 A p r
198 J a n
5% O ct
100 ‘ D e c
25% D ec
27 J a n
2 N ov
7 3 S ep
30% F ob
2 3 % J an
9 M ay
74 Jan
13% O ct
46 D ec
33 M ay
86% J ’ly
% O ct

34% J ’ne
91 J ’ne
i 1 M ar
33 J a n
152% J ’n e
130 J T y
182 M ay
2 1 %Jan
83 J ’ly
4 % O ct
140 A u g
39 M ar
9 % F eb
•>70 M ar
288 F ee
182% N o v
3 % M ar
55 F eb
103 L e o
99 Jan
15 J a n
146 A p r
24% J a n
2 2 5 O ct
9 Jau
1 1 0 M ar
29 A ug
2 9 M ay
5
M ar
137 M ar
4gi<> N o v
3 0 S ep
1 0 % May
83 iQA u g
3 4 J an
82% J a n
54% A p r
1 0 1 5a M ay
1 % F eb

R a ilr o a d *
A teh T op A; Kalita FelOO

M iscellaneous

A m er A g r ic u l O hem .lOO
D o p r e f ..................l o o
A m er P n e u S e r v ........ 50
D o p r e f ................. 50
A m e r S u g a r R e fin ___100
D o p r e f..................100
A m er T e le p & T e l e g .i o o
A m er W o d le n ..............100
D o p r e f ..................1 0 0
B o sto n L a n d .
.
10
C um berl T e le p & T e l 100
D om inion Ir o n
S t ........
E a s t B o sto n L a n d ..............
E d ison F le e I liu m
10 0
G en era l E le c t r ic ........100
M e r g e n th a le r L ino TOO
M e x ic a n T e le p h o n e .. 1 0
M ich ig a n T e le p h o n e l o o
M in n G en E le c p ref 1 00
N E C otton Y a r n p r e f 100
N E G as & C T r r e c t s . 100
X E T e le p h o n e ............100
P la n t Comp T r r e e l s . . 100
P u llm a n C o....................1 00
R ee ce B u tto n -H o le
10
S w ift <fc C o....................1 00
T o r rin g to u C la ss A . . 25
D o p r e f .................. 25
U n io n Cdp L ’d & M g . 25
U n ite d F r u it ................100
U n ite d S h o e M a c h ... 25
D o p r e f .................. 25
U S L e a th e r ..................1 00
D o p r e f ________ 1 00
U S R u b b e r ..................1 00
D o p r e f ..................1 0 0
U S S te e l C orp............ 100
D o p r e f..................100
W e s t E n d L a n d .......... 25
W e s t T e le n & T e le " 10 0
D o p ref
10 0
W e s tin g E l & M f g . . . 50
D o p r e f_________ 5 0
W o lla sto n L a n d ..........
5

M ining

2 ,2 2 3
680
30
217
6
342

54
66

Jan
Jan
% N ov

8 9 I>e0
91 L e e
lio F e b

8 8 0 1 8 J a n 14 24% A p r 2 8 59% J a n 3 3 Sep
23% A d v e n tu r e C o n ....................
4% M ar 3 51% O ct 56% A u g
1 50
2% J a n 14
3% A llo u e z ........ ; ................. 25
71% A m a lg a m a ted CopperlOO 2 3 ,S 8 7 61% M ar 2 5 78% F e b 1 60% D ec X 29i8 J ’ue
5 % J ’ne
375
2 N ov
3% A p r 8
.......... A m e r G old D r e d g in g 0
2 F e b 28
1 50
9 F e b 18 A p r
9% M ar 2 7 14% A p r 7
12 A m Z in c L ea d & S in . 25
10 27% A p r 17 35 J a n 31 2 9 D e c 03 A p r
29 A n a c o n d a ........................ 25
3% J a n 1 4 13% M arlO
3% D ee 24% M ar
6% A rca d ia n ........................ 25 2 ,9 4 0
5 % M ar
•50 M ay 9
S a l e •70
1 J a n 31 50c. D e c
M ay’02 A rnold ........................... 25
35
8 0 6 2 2 J a n 23 3 6 M ay 8 24% D e c 4 3 Sep
34
3 4 A t l a n t i c ......................... 25
37%
37%
37% B in g h a m Con M in& S 50 1 ,5 1 0 20% J a n 17 39% A p r 21 15% J a n 4 3 % A u g
178 M ar
1 Jan
*85
5 5 0 •75 M ay 6 l i 20 M ar 6
*•75
*85 B o n a n z a (D e v C o ) ... 10
7 X Jan
7
5% M ay
L a st S a le 5
2 Jan 2
A p r ’02 B o s to n (Q u ic k silv e r ) 10
5 A p r 23
6%
6%
8
8 B r itis h C olum (L td )l
5 1 ,1 6 0
6% M ay 2 2 10% M ar 1 011% O ct 23*8 J a n
56 0 5 65
40 5 3 3 A p r 3 0 65 0 F e b 1 5 35 D e c 8 6 0 M ar
560
5 6 0 C a lu m et & I-Iecla___ 25
TO A p r i l 12 J a n 20 T 2 D ec •2 2 % A p r
L a s t S a l e '10
M ay’02 C atalpa ( S ilv e r ) .......... 10
20% 20%
20
20% C e n t e n n ia l................... 25 4 ,0 0 0 11 J a n 14 2 8 M arlO 10% D e c 3 4 % M ay
8% M ay 3
84
8 A u g 13 Feb
70
7 J a n 20
84
*8
8% C en tra l O il.................... 25
L a s t S a l e 50
1% D e c 13% J a n
2 J an 8
M ay’02 C och iti T r Co r e c t s .. 10
*25 A p r 24
4
A pr
138 J a n 2
1% N o v
2% F e b 18
*1% 1 3132 13132
1 3132 C on s M ercu r G o ld ... 5 4,031
3
D ec
2 J a n 21
4 M ay 2 2
1 M ar
4
4
68
.......... C o n tin en Z in c & LcL. 10
*3
584 594
584
5 9 C opper R a n g e Con C o l00 1 1 ,4 5 3 43% M a r l7 6 4 A p r 12 4 4 D ec 5 5 is D e e
* 44
44%
43
4 3 D a l y - W e s t .................... 20
60 18% M ar 1 46% M ay 6 2 8 N o v 41 J ’n e
1 36 1 36
1 3 4 4 13 7 D o m in io n C oal............1 00 1 ,2 2 5 5 4 J a u 2 14 6 A p r 15 3 2 M ay 5 8 *4 D eo
L a s t S a l e 115
115 M ay 13 119 J a il 23 1 0 8 J a n 1 2 0 L e o
D o p r e f..................100
M ay’02
7
M ar
5% M ar 1
2 D ec
4
4
1% J a n 16
3%
3% E lm R iv e r ...................... 12 6 ,0 5 4
790 10% M ay 3 15% F e b 3 11% D e c 25 M ar
1 1 4 11%
114
1 1 4 F r a n k lin .......................... 25
8% O ct
3% F e b 7
5% J a n 3
4 D ec
3%
3% G u a n a ju a to C o n so l..
5 2 ,1 7 8
3%
3%
13
13
13
13 I s l e R o y a le (C op p er). 25 3 ,5 9 8 11 % M ay20 2 5 F e b 1 18% D eo 56% M ay
2 0 4 21%
20 4
2 1 4 M a ss C o n so l.................. 25 1 3 ,3 9 3 15% J a n 15 21% M ay 9 11 J a n 37% S ep
25
3% M ar 4
1 %J ’n e
L a st S a le 2 4
2 J a n 28
5% O ot
M ay’02 M a y flo w e r ............
6 wJ an
L a st S a le 4
4 Jan 8
4 A ug
3 J an 6
J a il ’02 M erced (G o ld ).............. 15
2 0 S c*
.
9 J a n 16 13% M arlO 55% F e b
10% 10%
666
104
1 0 % M ic h ig a n ___ ’ ............... 25
40% 40%
41
41 M o h a w k ......................... 25 3 ,7 4 7 (Z27 J a n 14 4 1 M ay 21 52 2 J a n 56%
7
Jan
3% M ar 3
4 F eb
L a s t S a le 4
4% M ar 7
M ay’02 M o n ta n a C oal & C oke 25
5 i 8 D eo
2%
3
5 2 ,8 8 0
2% A p r 15
4% M arlO
4% D ee
2%
3 M o n tre a l & B o s t o n ..
4% A u g
L a s t S a le l
1 J a n 25
1% J a n 31 50o. J a n
M ay’02 N a t io n a l.................... . 25
5% Oot
4% M arlO
3 A ug
3%
561
3 Jan 2
*3%
3%
’ 3% O ld C o lo n y .................... 25
21
22%
21%
22% O ld D o m in io n (C o p ).. 25 1 ,2 9 5 17% A p r 28 2 5 F e b 1 20 % D ec 38% M ar
62
63 4
62
63 O s c e o la ........................... 25 1,932 58% M ar 2 5 89% F e b 1 72 D ee 1 2 0 S ep
29%
28
294
32 P a r r o tt (S ilv & Copp) 10 2 ,6 7 7 24% A p r 3 0 3 4 F e b 1 27 % D ec 58 A p r
8% S ep
8 % May
L a st S a le 5
5 M ay 14
3% F e b 27
M ay’02 P h c e n ix C o n so l............ 25
12 8 1 2 8
13 0
13 0 Q u in c y ............................. 25
34 12 5 " A p r 9 147 F e b 1 125 D ec 187 A p r
3% M ar 3
3 D e c 10 F e b
445
2 J a n 27
24
2%
2% R h o d e I s la n d ................ 25
24
2% D e e 1 0 >8 A p r
2% M ay 9
4 F eb 1
24
24
2%
2 4 S a n ta F e(G o ld & Cop) 10 3 ,6 5 0
2 %J a u
L a s t S a l e ■50
•50 J a n 27 •50 M a r l 7 •50 J ’n e
5
A p r ’02 S a n ta Y sa b el (G o ld ).
18
17 4
17% S h a n n o n ____________ 10 3 ,7 2 0 16 % 3 lav 20 1 8 M ay 2 2
175 175
2 3 0 1 70 " A p r 8 2 8 1 F e b 1 2 3 0 D e c 3 6 8 S op .
17 3
1 7 3 T a m a r a c k ...................... 25
2 A pv 16 *62% D eo 58 Fob
170 •50 J a n 6
1%
1%
1%
1% T o o u m s e li...................... 25
. d S 4 J a u 2 12 5 F e b 26 519% Jan 5 8 Sep
L a s t S a l e 1 0 0 4 M ay’02 T r im o u n t a in ................ 25
13 4 13%
13%
1 3 4 T r in ity ............................. 25 4 ,3 4 3 11% F e b 19 18% M a r 3 1 0 D oe 41 J 'n o
21
21 4
9 %J an 2 4 A p r
20%
20% U S M in in g v tr c t f s . 25 0 ,6 0 0 13% J a n 14 22% A p r 21
1 6 4 10%
164
17% U n ite d S ta te s O il— 25 1 0 ,2 2 8 11 % J a n 2 18 M ay 6 10% D ee 17 Mar
U ta n Con (G old) tr ro4-85 1 ,4 2 0 21 M ay 13 27% F e b 1 18 % Deo 87% Mar
224 224
22 4
23
4% M ay 5
8 % May 19 s o i.
6% M arlO
44
44
4%
4 4 V ic t o r ia ......................... 25 1 ,9 5 0
1 J a n 14
8 % M ay 2 l
l %D oe 10 F eb
3%
3%
3%
3 4 W in o n a ......................... 25 3 ,4 6 0
97 4 2 J a n 11 5 6 Mav 7 4 4 Deo 73 S ep
56 4 55 4 *5 5
5 6 W o lv e r in e .................... 25
1%
1 % W y a n d o t......................... 25 3 ,0 7 0 •75 J a n 21
2 % F eb
l May
1 % M ay*21
1%
14
1 9 0 1 . d B e fo r e p a y m e u t of a s s e s s m e n ts c a lle d d u r in g 1 9 0 2 . * B id a n d a sk ed p ric es; no s a le s on t ills day

24
23
*3%
3%
69%
704
3
34
12
114
*28%
29
6
6%
1
Last
34
344
374
374
*•75
*75

10
9%
*9
555 5 6 0
*550 5 6 0
550
•15
*•10
*15
* • 10
*•10
•15
20
204
19 4 20
184 184
*8
8%
8%
*8
*8
8%
•ol)
•50 * .......... *50
*•20
**20
1%
2
14
1%
1%
1%
3
3
3
*2%
3
3
58% 58%
56
56 4
5 6 4 58%
44% 44%
*44
444
* 4 4 4 45
134% 134% 1 3 6 136
136 1 3 6
- 1 1 6 ..........
* 115 117
*116
3%
4
*3%
34
34
34
11
11
*11
11
11%
114
4
4
3%
4
4
3%
12% 13%
1 1 4 12 4
12 4 13
20
21
19
19%
19% 20%
3
*2%
3
*2%
3
*2%
*
*
9
2 *
2
10% 10%
1 0 4 11
104 104
40
40
41
40
384 404
4^
*34
44
*34
44
,,3 4
2%
3
2%
‘%
2
2%
2%
2
2
*14
2
*14
*14
3
3
3
*3
3%
3
20
21
21% 21%
20
21
614 624
6 0 4 62
6 0 4 62
27
27
26
26
27
27
5
5
*4%
5
*4%
*4%
1 3 0 130
130 1 3 0
*125 130
*9
2%
24
24
24
2%
2%
24
24
24
24
24
1
*•50
1
*•50
*•50
1
16% 17%
16% 17
1 6 4 16%
170 173
1 7 2 175
T 6 S 174
1 7 0 170
2
*1%
2
*1%
14
14
*14
14
k
*
1 0 0 * .......... 100
100
* .......... 100
12% 13% *13% 1 3 4
1 2 4 12%
1 2 4 12%
20% 21
20
20%
20 4 2 0 4
204 204
16
17
15% 16
16
16
15% 16
22%
22
22
22
22
224
214 214
4%
4%
44
44
44
44
44
44
34
3%
3
3
3
3%
34
34
55
56
56
55
* 5 4 4 56
55 4 5 5 4
1%
1%
1%
1%
1%
14
14
1%
b B e fo r e p a y m e n t of a s s e s s m e n t s c a lle d for d u r in g
8
8
*545 5 5 5
*•10
*15
184 194
8
8
**30
*50
14
l 7s
* 3 ..........
56% 5 7 4
* 4 4 4 45
1 3 6 136
* 1 1 5 117
*34
4
11% 11%
34
34
*13
134
1 9 4 19%
*2%
3
. . . . .t
2
104 104
39
394
*34
44
2%
2%
*ix>
2
*34
3%
1 9 4 20
634 634
*26
27
*4%
5
*125 130
*2 4
24
*24
2%
*•50
1

T h u n may
M ay 2 ^

80
79
7 8 4 78%
98 4 98 4
97 4 *97% 98%
W) — * 2 6 L 2 6 2 1 2 6 0 2 6 0
■
163 163
*163 164
163
*243 24 5
245
243 243
200 200
199
199 2 0 0
L a at S a l e
183
* ..........183
*305 .......... L a at S a l e
167
166 166
*167 4
......................
L a s t 8 a le
201
*19 9 2 0 L
L a at S a l e
* ..........165
165
’ 28 5
* *ioO
145 145
145 145
145

* 285
145
*1734
44% 45%
44
444
44 4
97
97
97 4 97 4
97 4
*27
27
27
28
*230 2 3 0 % 231 238%
230

295
U6

209
7L
7‘ 4 794
J
81
80
*84
86
107 107
102 4 103
87 4 87 4

96
.......... *115

264 264
864 8b4
9
94
*35
36
12641274
119 119
1 79 179
134 134
76
76
*4
129% 129%
52% 54
84
84
*
280
3 1 6 3L5
•1 8 0
*2%
2%

vl Li
784
96%
97
263
262
163
163
245
197
* 197
183
*305
1....
135 4
*199
201
7

209

: 16
*115

Tuest lay
M ay 20

STO O K 8
B O S T O N ST O C K
EXCHANGE

24
3%
71%
3
114
29 4
64

234
*3%
704
*3
*11
29
6

BON IDS
B O S T O N STOCK KXCJ I T
W e e k E nding m a y 2 3

o te —B

II "eric's
/tango nr
Last Sato

/ V700
Frida i/
May

*8

A m Bel! T e le p h o n e 1h. . 1908 .1 J
A im T e le p A '1V1 coll I r 4 m 1020 J , J
A tc li A N eb rask a 1st 7 m. 190S M S
1995 A O
A tc-li Top A S Fo g en g 1
A d ju s tm e n t g I s _ .1 M 1995 Nov
_
y
B o sto n A Low i'll d s .......... 1907 J -1)
B o sto n A M aine -1 h-s. ____ 194 1 J-J
F-A
P la in 4 s
1
B oat A Mon . Ul is s u e 7 s . . . 190 1 M-N
‘
B o sto n T erm in a l 1st 3 Kx. 19 17 F-A
B o sto n l n itod G as 1 st 5 s . 19119 J-J
2(1 5 s ....................................... .1999 J-J
B u r *fe Mo B iv e\; (is............1 9 i s ,i J
N o n exem p t (>s................. 19 IS J - J
S in k in g l'ninl 4 s .................1910 J - J
B u tte A B o sto n 1st O s .... 1917 A-O
C edar lia p & M o K 1st 7 s. 1910 M- N
2d 7 s ........................................1909 J - 0
C en t V er m t 1 s t g‘4 s .-M a y 1920 Q-F
Chic Burl A Q 1 s t 7 s ......... 1909 J - J
Iow a D iv 1st 5 s .................1919 NO
I o w a I ) iv 1st 4 s ................. 1919 A-O
D e b e n tu r e 5 s ...................... 1919 M- N
D e n v e r E x ton 4 s ___; ...1 0 2 2 F - A
N e b r a sk a E x t e n 4 s ........1927 M - N
B A- S W s l ' t s .................... 1921 M- S
I llin o is D iv 2 O s................ 1949 J -J
J o in t b onds Mfo G t N o rth e rn
C hic J c By A- Stk Yds 5 s . 1915 J - J
( ’oil tru st r e fu n d in g g 4 s l9 4 0 A-O
Ch M il A S t P D u b I) Os.. 1920 J - J
Ch M A sr P W is V d iv 0 s l9 2 0 J - J
C lue A N o M ich 1s t g u 5 s. 1991 M - N
C h ic A W M ich g e n 5 s . . . . 1921 J -D
C oncord A Mont, co n s 4 s .. 1920 J-D
C onn A P a s s K 1 st g 4 s . . . 1949 A -0
C u rren t B iv e r 1 s t 5 s ..........1927 A-O
D e t O r B a p A W 1 s t 4 s . . . 1946 A -0
D o m in io n Coal 1 st 6 s ........1919 M - S
Ea«stern 1 st g old 6 s ..............190 6 M-S
E itc h b u r g I s ..........................1904 M-S
4 S ............................................. 1927 M-S
F rem t E lk A M o V 1 s t 6 s . . 1933 A - O
U n sta m p e d 1 s t 6 s ............1933 A - O
Gt N o r C B A Q co ll tr 4 s 1921 J - J
B e g is te r e d 4 s ...................... 1921 Q-J
N

1079

Boston Bond Record

M a y 24, 1902.J

Itwngo,
St nor
H \
January /

^ u

High A'o
■ ftk Loiv
l
3
DO 1 0 0
99%
0 0 ‘v
HOD, 0 0 hi 0 0 '.j
90% 40
110 D ec ’01
102 B S ale lo 'h d 1 0 2 hi 1 ::
r
>
03%
03 ‘v
03 Sale
104 ». A p r ’O
■
G
L20% A j»l*’0 1
00% J an ’()•’ . . . .
__ 104 A p r ’02 . . . .
■
1 L5 hi A ug’O1
04 %
95
i ii
94 ha 95
4
09
70
68
70
120
.......... 12 0 M ay ’ 0 2
105 %A p r ’02 . . . .
. . ...... 00% Jan ’ 0 2 - .. .
.*
lo o J ’no’Ol
1 38 S e p ’01 __
125*8 A u g ’O
O
28
89
90
so
Oo
103 .......... 108% M ay’02 . . . .
110 A p r ’01
10 1 % A p r ’ 0 2 __
107 ha M ay’02 . . . .
i ’ OhalOl 1 0 0 M ay’02 . . . .
o
1 0 8 ha A p r ’02 . . . .
10 0* 4 M ar’02

Mil

102

109

Sale

105 107
09 ha 100
110
..........
1 0 9 78 ..........
137 ..........
135 ..........
94*8 S ale
......................

hmo ii i< It
i
09
99

100
9 9 :'i

103
0 1 V 0 0 '1
,

10 2

99% 99%
104 104
S3
0 5 ',
56
73
120 P I v
105 % 103 p
9 0 7h 99%

85
00
103 hi 104%
10 4 1 04 *a
107 *2107 *2
1 0 0 %1 0 1 >
«
l() 8 ha 108**2

100
1 0 0 *4
2 1 0 1 % 102*2

102

109

109
M ay ’ 0 2
132 M ay’02
1 3 1 12 M a y ’02
1 0 9 1 M a y ’()2
e
10 9 D M ay’02
109*4 M ar’02
115 A p r ’02
106 A p r ’02
99 ha
99%
110
11 0*4
109% 109%
100% M ar’02
111*4 111 *4
138ha 139
1 38 M ay’02
94*8
94%
94*8
94*8
101

132 ..........
131 Hi..........
109 110
109 110
...............

BONDS
B O S T O N S T O C K K X CI KG
W jciok E n d i n g M ay 23

D |

9
....
....
....
....

__
__

■
7
2
1

108 1 1 0
10 0 * 2 101 ha

120 ha 132
128% 131*2
10 0
no
10 9 110*4
109% 109*4
114*4 115
1.06 1 06
99*2 101
109ha H I
109% H I

1 0 0 78 1 0 0 78

i 110*2111*4
1 138
139
13 8 138
80 9 4
9 6 7b
6 94
96%

Prior
F riday
Min, •’ i

I llinols Stool deheii 5H___19 J 0 4 -4
N on eon v e r t (lehcri 5 h . ..191 3 A - 0
la I''alls A S i o u x C 1s t 7 s 1917 A O
U an O ( 'llii tV Mpr I s t 5 s .. 1925 A-O!
K a n ( ’ I t H A G u l f I st I t . . I 908 J O
K an ( J F t Se c t I A- M Oh
. 193', M-N
K an U M A 11 g e n 4 h ............1934 M-H
Income, 5 m ............. M a r 193 I Sj> j
( )ld ( h d o n y rl’r <Jo reel s
Kail ( J A M By A Hr I hi 5 k J 929 A O
K a i l C S t .To 6 O B I ; 3
i o n , J -4
I j l i A, F t S m Id g r I x1 7 s . . . 1 9 0 5 J -4
M n i n e Ce i i t c o n s 1st 7 s _ 1912 A-O
_
(Jons 1st 4 s ................. . . . . 1 9 1 2 A - 0
M a r q 11 on g h A O u t 1 s t 6 s . I 925 A-O
M ex loan Ce nt r al c o n s 4 s . . 191 I 14 - J
1 s t c o n s i n c 3 s ............J a n 1939 P l y
2(1 co n s in c 3 s ............. Jan I 939 4 ’I y
M ich T e le p h co n s 5 s ..........1929 J - 4
M im ic Gen E le c con g 5 s 1929 J-.T
N e w E n g C ot Yarn 5 s ___1929 F-A
N c w E n g G as A C 1s t 5 s . . 1 937 J - D
N e w E n g T e le p h 6 s ............1 9 0 6 A-O
6 s ............................................. 1907 A - 0
6 s ............................................. 1908 A - 0
5 s ............................................. 1915 A - 0
N Y A N E n g 1 s t 7 s ............1905 J -J
1 s t 6 s ......................................1905 J-.T
Old C olony gold 4 s ...............1924 F-A
O reg Tty A N a v co n g 4 s . . 194(5 J - D
O reg Sh D in e 1 s t g 6 s ........1922 F-A
B e pub V a lle y 1 s t s f 6 s . ..1 9 1 9 J - J
itu tla n d 1 s t 6 s ........................ 1 9 0 2 M-N
B u tlan d -O an ad ian 1 s t 4 s 1949 J - J
S e a ttle E le c 1 s t g 5 s ..........1 9 3 0 F-A
T o rrin g to n 1 s t g 5 s ............1 9 1 8 M-S
U n io n P ac B B A 1 g r g 4 s . 1 947 J - J
1 s t lie n o o n v 4 s .................. 1911 M-N
V er m o n t A M a ss 5 s ............1 9 0 3 M-N
W e s t Find S tr e e t R y g 5 s .. 1 9 0 2 M-N
Gold 4 ^ 3 ................................1 0 1 4 M-S
G old d e b e n tu r e 4 s ............191 O'M-N
G old 4 s . . . . . ..........................1 9 1 7 F-A
W e ste r n Telexvh A T e l 5 s . 1932 J - J
W isc o n s in C en t 1 s t g e n 4 s l9 4 9 J - J
W isc o n s in V a lle y 1 st 7 s . . 1909 J - J

u y er p a y s a cc ru ed in te r e s t in ad d itio n to t h e p u r c h a se p r ic e fo r a ll B o sto n B o n d s.

Util

fW w li '
Jitiiifjr (tr
haul Sale

io /T i o7
114 ..........
1 25 %..........
0 8 ..........
.......... . . . . . .
j 1(Ik, S a le
114 ..........
105 ..........
......................
..........
82
32
22

1 0 4 * 2 .........
.103 *2 S ale
55 S a le
1 0 4 ..........
104

/

A file LdW

101 % 102
101 *2 102

118
81
31
21

Jtarnio
Minor
January/

..........

1 0 8 * 2 ..........
1 0 5 * 2 ..........
......................
1 0 0 * 2 ..........
10 2 ..........
1 0 5 h a l0 6
......................
.......... 1 02

105% S a le
....... . . . . . .

High *Vo I Lon) ninth
101 > A n r’02
2
101
102
!0 2
J02
4 lo i % 102
1„,., A pi <
).'
133 133*3
105 J a n ’03
105 105
1 J4 3. A ; O '
I
111 1 14 *
i,
i i , 123% J 26
L25% 125
OSD
9 8 3, 20| 98
99*2
92
92
12 84
97%
92 M ay‘02
92
95
J 108 1 J |
1 | 0 ' H J 10 21 14% A pr *02
1 J 1% J 15 %
105 M uv’02
105 105*%
130% Jan ’02
I 30 *4 130%
I or; b, M ay’O J
1 J 7 J Fed)’00
2
4 81
81.
82
84 %
31%
31% In I 30*4 35%
20%
20% 20 20% 24*3
00 Oct ’0)
104 M ar’02
103 104
103% J 03 % 24 103 J 04
51 | 52
63
55
56*2
104 A p r ’02 . . . . j 04 104
105 F e b ’02
J05 105
10 3 A p r ’02
103 J 04
107*4 AlaV’02
J07 J 107*4
4
108% 100%
1 08% M ay’02
105% M av’02
105% 107
112 M av’O
J
102% M ai ’0 ‘ . . . . 102% 102%
2
125 A p r ’02
125 128%
106% F e b ’02
] 06% 106%
100% A p r ’02
J00% 101*4
102 Alar’02
102 103%
105 107
1 06
106
108% J ’l y ’01
103% A p r ’02
103% 103%
106*4 106D ’ **2j 104*4 107*4
10-2*8 N o v ’01
4 100*4 100%
100*4 100*4
107 M ay’02
107 107*3
105% D e c ’00
103*8 A ay’02
X
103*8103%
105 % 105% 41 103% 106ha
87*4 J ’l y ’01
119%. M ar’02 . . . . \ l l 9 : 4 i ’ 9 3
> l 4

* N o p r ic e F r id a y ; la t e s t b id a n d a sk ed t in s w e e k .

Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
Sales Range Since J a n u a r y 1 Range fo r Previous
1902
Year (1901)
of the
(For Bonds a nd Inactive Week
Stocks see below)
Highest
Lowest
H ighest
Lowest
Shares

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

S a tu rd a y
M a y 17

M onday
M a y 19

Tuesday
M a y 2d

67% 67%

Wednesday
M a y 21

67%

A C T IV E

Thursday
M a y 22

T'riday
■ M a y 23

STOCKS

B a lt im o r e

67*2 67*2
26% 26%
4 6 *2 46%
*16
16*4

*67

67%
67ha 67*2
k
■
x
117
116*2 *
116*2 *115 117
2534 25%
25%
25
*25% 2 6
25
25%
26*4 26*4
* 4 5 34 46
46
45 h2 45%
46
45 ha 46%
*453 4 4 6
16
16
16
16
16
16*8
*15% 16*4
16*4 16*4

C on solid ated G a s .......... 1 0 0
N o r th e r n C e n tr a l........ . 50
Seaboard A ir L i n e ___ 1 0 0
D o p r e f.................... 1 0 0
U n ite d B y & E le c tr ic . . 50

%

*%

P H IL A D E L P H IA

%

78

B id

%

Ask

I n a c tiv e S to c k s
7
A m e r ic a n C e m e n t........10
7*8
5
5 *2
A m e r Ir o n <fc S t e e l— 50
A m e rica n R a ilw a y s .. .5 0
46
75
B e ll T e le p h o n e ..............50
47% 47%
C am bria I r o n ..................50
C am den 6c T r e n to n ___10
C onsol T ra c P i t t s ___ ..5 0
P r e f e r r e d ..................... 50
D a n v ille B e s s e m e r ... 1*2
%
10
n 78
D e L o n g H o o k & E y e . 10
D ia m on d S ta te S t e e l...
1%
P r e fe r r e d .
3%
19%
E a sto n Con E l e c t r ic ...50
E le c tr ic of A m e r ic a .. .5 0
7*8
E le c S to r a g e B a tt___100
89 h*
P referred ................100
88
G erm a n to w n P a s s ........50 145 150
30
H a r r iso n B r o s p r e f ... 100
11 est.oii v A lan & F a i r .. 50
48%
P r e f e r r e d ..................... 50
73
63
In d ia n a p o ls S t . . . ___100
9
J n ter Srn P 6c D y n a m ..5 0
9 hi
Lit, B roth ers ............... 10
10 h*
60 ..........
L ittle S c h u y lk ill............50
65
M in e h ill 6c S c h u y l i f . .5 0
51*4
N o - q ueJioning ............. 50
N H a v e n Ir o n 6c S t e e l.5
6
5%
N or11j P en n sy 1v a n ia .. 5 0 108 110
\J<firmv'lvania. S a lt
50
110
p e n n - y lv a n ia S t e e l.. 100
90% 9 i *8
P r e fe r r e d ................... 100
P b ila d e lp h ia C o............. 50
48% 49
48
P r e fe r r e d ..................... 50
48%
P hil G erm an 6c N o r r is .50
P hila '1T action
. . 50
97%
Ba i I w ay s Gen o ra l........10
Sosqiie.ti ir o n 6c S t e e l . . 5
2%
2%
T id e w a te r S t e e l........... 10
0
6*2
K nifed N J B B 6c C ..1 0 0 283 »2
1,’ii .l P ow 6/. T ra n s
25
K nifed T r a c P i t t s ........50 .......... ..........
P r e fe r r e d ..................... 50
Wa.r w ick / ron 6c S te e l. 10
5
5%
W est J e r sc y 6c Hr,a. Sh . 50
69 J 70
2
W estm orelan d Coa.J. .. 5 0

%

%

*%

7s

P H IL A D E L P H IA
Bonds

A1 V a l E e x t 7 s 1 9 1 0 A-O
B a lls T er 1 s t 5s 1 9 2 6 . J-D
B e r g A E B r w 1 s t 6 s’21 J -J
B e th le steel 6 s 1 9 9 8 .Q-F
C he A D Can 1 s t 5s ’16 J -J
Choc A M e 1 st 5 s 1 9 4 9 J-J
Ch Ok A G g e n 5 s *19 J -J
C it S t B y (In d ) co n 5 s ’33
Col S t B y 1 s t con 5 s 1932
Con T r a c of N J 1 s t 5 s . ’33
D e l A B B k 1 s t 7 s ’05 F-A
E A A 1 s t M 5 s 1 9 2 0 M -N
E le c A P e o T r s t k tr ctfs
E lm A W il 1 s t 6 s ’1 0 . J -J
_
In c o m e 5 s _ 2 8 6 2 . A-O
E q II G as-L 1 st g 5 s 1 9 2 8
H A B T op Con 5 s ’25 A -0
In d ia n a p o lis Ity 4 s . 1933
L eh ig h N a v 4 1 ’1 4 .Q -J
as
B B s 4 s g ........1 9 1 4 .Q-F
G en M 4 %s g . 1 9 2 4 . Q-F
L eh V C 1 s t 5 s g ’3 3 .. J-J
L e h V e x t 4 s 1 st 1 9 4 8 . J-D
2d 7 s 1 9 1 0 .................. M-S
C on sol 6 s 1 9 2 3 ........ J-D
A n n u ity 6 s ................ J-D
L eh V T ra c 1 s t 4 s ’2 9 . J-D
N a t A sp h a lt 5 s 1 9 5 1 .J-J
N e w Con G as 5s 1 9 4 8 J-D
IN ew ark P a s s con 5 s 1 9 3 0
N Y F h A N o 1 st 4 s ’39 J-J
J ri corn e 4 s 1 9 3 9 ... M -N
N o P e n n 1 st 4 s ’3 6 . . M N
G en M 7 s 1 9 0 3 ..........J-J
P e n n g e n 6 s r 1 9 1 0 .. V ar
C onsol 6 s c 1 9 0 5 ...V a r
C onsol 5 s r 19 1 9 . . . V a r
P en n A Md Steed con (5s.
P a A N Y Can 7 s ’0 6 . J-D
Con 5s 1 9 3 9 ..............A-O
Con 4 s 1 9 3 9 ...............A -0
P en n S te el l s t 5 s ’17 M-N
P eo p le’s T r tr c e r ts 4 s ’43

B id and a sk ed p r ic e s; n o sa le s on th is day

B id

62*4 J a n 28 72*4 A p r 18
10 4 J a n 7 117 *2 A laylB
i,04*i 2 3 34 J a n 24 28% A p r 26
1 ,1 1 6 4 4 A p r 2 50 *8 J a n 2
72 0 14% J a n 27 17 M a r l 5

58

J an

Ask

600
2 ,8 0 1
1 8 ,5 2 5
2 ,9 7 6
653
1 3 ,7 9 6
30 0
53
15 8
1 ,0 2 3
8,251
8 7 ,7 1 2
2 ,0 3 8
9,301
1 0 ,5 5 2
7 ,1 1 6

P H IL A D E L P H IA

9% J an
24% J an
1 4 D ec

30*2 J ’ne
54% Sep
18 *8 Alar

*4 F e b

3

M ay 17
J a n 10
J a n 16
2 1 * 2 AIar 2 0
6 6 * Jan 3
2
71 A p r 15
33*8 A laylT
2% F e b 3
*4 J a n 29
34 A p r 2
7 3 34 J a n 14
3% J a n 27
26*4 M a r ll
4 0 A lar 6
3 0 J a n 14
32 J a n 6
1 0 3 AlaylB
2 4 J an 31

B id

1

A p r 28

% D ec
*e A pr
15% Alar
37*2 Jan
45 F eb
2 0* 2 D ec
40 F eb
62*2 J an
28*2 Jan
3% D ec
*4 D ec
1 J an
69 Alay
4% D ec
12% J a n
34*2 Jan
19 J a n
24*4.J’ne
113 S ep
38 D ec

2 3« J an
% Alar
31% J ’ne
8 2 34 N o v
5 9 34 Alay
38*2 A p r
80*4 J ’ly
79% A p r
39 38 Alay
7% J a n
8*2 F e b
16 F e b
81 A p r
8 % F eb ,
28% D e c
4 1 3g D e c
32 *8 D e c
37 Jan
128*2 J a n
55 A p r

23
70
53

26 Jan 7
83 *9 A p r 2
6034 A p r 10
3 6 A p r 29
80% A p r 29
78% J a n 2
38*4 J a n 2
4% J a n 2
l*if? F e b 7
2 A!ar24
7 7 * 2 Alay 2
5% A p r 10
34*8 M ay 1
4 3 * 2 A p r 25
37 A p r 22
44% A p r 3
126 F eb 8
30 Jan 9

Ask

B A L T IM O R E

C has B y G A E l 5 s ’99 M -S
C hari C A A e x t 5 s . ’09 J -J
2d 7 s ................. 1 9 1 0 A -0
C ity A Sub 1 s t 5 s . . ’22 J-D
C ity A S u b (W as) 1 s t 5 s ’48
13 0
Col A G r n v 1 s t 6 s . 1 9 1 6 J-J
128 128% C onsol G as 6 s . . .1 9 1 0 J-D
120 122
5 s ........................ 1 9 3 9 J-D
109
G a A A la 1 st p f 5 s . ’45 A-O
108
G a Car A N 1 s t 5 s g ’29 J-J
G eo rg ia P 1 s t 6 s . .. ’22 J -J
109
G aSo A F la 1 s t 5 s 1 9 4 5 J-J
. . . . . . . . . . . . G-B-S B r e w B A s 1951M -S
2d in co m e 5s 1 9 5 1 M -N
113*2 114*2 K n o x v T r a c 1 s t 5 s ’2 8 A -0
L a k eR E l 1 s t g u 5 s ’42M -S
M e tS t (W ash ) 1 st5 s ’2 5 F A
64 *2 65
M t V e r Cot D u c k 1 s t 5 s.
108% i'09*2
I n c o m e s .............................
B A L T IM O R E
N e w Orl G as 1 s t 5 s ..V a r
In a c t iv e S t o c k s
86*2 8 7
N p t N A O P 1 s t 5 s ’38 M -N
A tla n ta 6c C h a r lo tte ..1 0 0 16 7
N o rfo lk S t 1 s t 5 s ’4 4 . . J-J
C anton C o..................... 100
N o r th C en t 4 has 1 9 2 5 A -0
G eorgia S o u 6c F l a . . . 100
48
52
6 s 1 9 0 4 ......................... J-J
1 st p r e f ....................... 10 0
99 100
112
S e r ie s A 5 s 1 9 2 6 . . . . J -J
2d p r e f......................... 100
81
1 18 .......... G-B-S B r e w in g ............10 0
S e r ie s B 5 s 1 9 2 6 . . . . J-J
16*2 17
125 %
P it t U n T ra c 5 s 1 9 9 7 . J -J
M t V e r n o n C ot D u c k ........
10% 11
125 hi
U n it E le c L 6c V p r e f .50
40% 41*2 P o to V a l 1 s t 5 s 1 9 4 1 ..J-J
S ec A v T ( P it t s ) 5 s ’34 J-I>
S a v F la A W e s t 5 s ’3 4 A-( >
Bonds
S eab oard A L 4 s 1 9 5 0 A-O
04
96
.......... A n a c o stia 6c P o t 5 s ............
i 06*2
A tl 6c Ch 1 s t 7 . . . 1 9 0 7 J-J 115
115*2 Seat) A K oan 5 s 1 9 2 6 . J-J
A tl C oast L (C t)c tfs 5 s J - I ) 11 8
S o u th B o u n d 1 s t 5 s ..A - 0
U E l L A P 1 s t 4 has’29 M -N
103*2 B a lt (J P a ss 1 s t 5 s M 1 M-N 107% 109
B a lt F u n d g 5 s . 191 6 Al-N 123
Un B y A E l 1 s t 4 s ’4 9 M-S
..........
E x c h a n g e *28 1 0 3 0 J-J 1 1 1
In c o m e 4 s 1 9 4 9 ......... T-I)
F u n d in g 3 '28 1 9 5 2 ..J-J 114
V a M id 1 s t 6 s 1 9 0 6 ..M -S
B a lt A P 1 st Os in I ’l l A-O
2d s e r ie s 6 s 1 9 1 1 . .. M-S
1 s t 6 s t u n n e l ..1 9 1 1 J-J
3d s e r ie s 6 s 1 9 1 6 ..M-S
1 17
4 th se r 3-4-5s 1 9 2 1 . M-S
.......... B a lt T ra c 1 st 5 s . . ’20 M -N i n ;
ii5 * '
N o B a lt D iv 5 s 1942 J - I) 1 2 0
5 th se r ie s 5 s 1 9 2 0 .M-S
122
C onvertible, 5 s . ’06 M-N 1 0 0
101
V a (S ta te ) 3 s n e w ’3 2 . J-J
..........
C en tral B y O s... 1 9 1 2 J-J
Fund d eb t 2-3s 1 9 9 1 . J -J
W e s t N C con 6 s 1 9 1 4 J-J
C onsol 5 s . . . . 1 9 3 2 M -N 117
120
.......... ..........
E x t 6c Im p 5 6 .1 9 3 2 M-S 1 16
W es Vit CA P J s t Og’l l J-J
C has C ity B y 1 s t 5 s ’23 J -J 10 7 %i 0 8
W il A W eld 5 s . . 1 9 3 5 .J-J
i 06% i 07
P Co l s t & co l tr 5 s ’49 M -S
P h il E le c g o ld t r u s t c tfs.
T r u s t certify 4 s .
P 60 E g e n M 5 g ’2 0 .A-O
G en M 4 s g 1 9 2 0 Ac&O
P h 6c B e a d 2 d 5 s ’3 3 .A-O
Con A! 7 s 1 9 1 1 ........J-D
Con M 6 s g 1 9 1 1 ___J-D
119%
E x Im p M 4 s g ’4 7 . A -0
1 1 2 hi 113%
Con A! of ’82 4 s ’3 7 . J-J
T e rm in a l 5 s g 1 9 4 1 . Q-F
109*4 109%
P W 6c B co l tr 4 s ’2 1 . J -J
1 1 1 % 112
R ead Co g e n 4 s 1 9 9 7 .J-J
B o d ie s te r B y con 5s 1 930
115
S E E S id e 1 s t 5 s g ’35 J-D
98% 99
U T rac P it g e n 5 s ’9 7 J-J
1 17 1 2 0
W elsb a c h s f 5 s 1 9 3 0 .J-D
123
27*4 27%
1 1 2 h?
98

121

65% J ’ly

8 8 *^ J an 106h> D ec

P h ila d e lp h ia

*%

% A m e rica n A l k a l i .......... . 50
D o p r e f.................... . 50
23%
23*4
23*2 23*2 C am bria " S te e l................ . 50
23
23*2
23*8 23%
23*2 23*2
23*2 23%
Choc Ok <fc G tr c t f s . . . . 50
D o p ref tr c tfs . . . . 50
30%
29
30
30*4
29% 3 0 C o n so l L a k e S u p erio r. . 1 0 0
28% 29*4
28ha 28%
28*4 29
7 6 34
75
75
76% 76-%
D o p r e f ................... . 1 0 0
74% 75
76*2
75*2 76*4
74*4 75
77
71% 72
74
74
*75
*73*2 7 4 L e h ig h C oal & N a v . . . . 50
*73*2 75
71*2 73
33% 34
35
36%
35*4 35% L e h ig h V a lle y ................ . 50
34*8 35*4
33% 33%
33*8 34
334
* 334
3 34
4 M arsd en Co...................... . 1 0 0
3%
3%
*2
N a tio n a l A s p h a lt.......... . 50
*2
1
1
1
1
1
1
D o p r e f................... . 50
74% 74**16
74% 75
74
74% 74% P e n n s y lv a n ia R B ........ . 50
74*4
74*4 74ha
74
74%
5%
5%
5%
5%
5%
5 5ie
5 5 i0 5% 6
5*2
5716 0716 P h ila d e lp h ia E le c tr ic . . 25
5*4
30% « SO
11™
, 30 *2 31*4
31
31% R e a d in g ........................... . 50
29% 30'%p
31*4 31**16 3 1 ° ie 31%6
D o 1 s t p r e f............ . 50
41
41 % 41*2
41*2 41-%
41
41*4 41%
41% 41%
41
41*4
D o 2d p r e f.............. . 50
34
33
33*2 33*3-^ 34*16
34*4 34*2
34*8 34*4
34316
33*4 33ha
40% 41 U n io n T ra ct o n .............. . 50
40% 41
40% 41*4
£40% 41
40*2 41
41*4 41%
10 3 103% 103 103% 103*8 103*4 103*2 103*2 103% 10334 103% 1 0 4 U n ite d G as I m p t .......... . 50
30
30
*27
30 W elsb a c h C o .................. 1 0 0
*28
30
30
30
*28
'2 8
*28
*28
%

45

98
65*2

B id

Ask

89
12 0

90

115% 116%
92
94
122*2
114*2 115
115% 116%
113*2 114
128
115% 1 16
52
53
42
43
97
97 h»
117
11 6
79
79 %
46*2 46%
115
113
107
122
122
117
110
117
112
86%
115
112*2
84
95
71%
107*2
116
121

120
86%
113
85
05*8
71*2

m mm
m mm

i' 1 5 *'
95*2 . • ••
90
11 9 ha..........

114%Jll5%
121 hall 23

1080

T tiE

Volume ot Business nt Stock ijxchuuires
NS

AT

d a il y

Stocks

UtfS/C ending

M a y 23
iyu2
S a t u r d a y ..........
M o n d a y ............
T u e s d a y __. . . .
W e d n e s d a y ___
T h u r s d a y ..........
F r i d a y ...........
T o t a l ...............

ST O C K E X C H A N G E
EARLY

H t rs i
W EE KL

t

Shares

Railroad
Bonds

j t a r value

State
Bonds

V s
Bonds
$ 5 ,0 0 0
5 00

3 flu 27 i ,1129,326.1 60
59.s! 598| 5 i! 8 7 4 . 8 6 0
5J6 746
4 7 ,7 2 1 .5 0 0
651 329] 6 1 ,6 8 0 ,8 0 0
59:^ 983
5 7 .0 3 9 ,8 0 0
3 6 1 ,2 6 3 /
3 4 ,9 5 4 .3 0 0

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

$ ..............

1 0 ,0 0 0

2 5 ,0 0 0

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

$ 1 2 ,9 7 0 ,7 0 0

$ 2 1 ,0 0 0

$ 3 0 ,5 0 0

1

Week ending M a y 23

Sales at
Neui^York Stock

1901

1902

1 ,0 0 0
1 0 ,0 0 0

J a n u a r y 1 to M a y 23
1901

1902

G o v e r n m e n t b onds
S t a t e b o n d s. . . . . . . .
R R . an d im a . bonds

$ 3 0 ,5 9 0
2 l.OUO
1 2 ,9 7 0 ,7 0 0

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

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

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

T o ta l b o n d s___

$ 1 3 0 2 2 .2 0 0

$ 2 1 ,3 5 7 ,9 0 0

$ 4 0 8 ,2 9 1 4 0 0

$ 5 4 4 1 2 3 ,0 7 0

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

Week ending
M a y 23
1202

Listed
shares

Unlisted
shares

1 3 ,6 7 2
1 7 ,4 1 6
14,7 6 1
3 3 ,9 3 4
3 1 .9 9 1
2 4 ,0 3 4

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

T o t a l............ 1 4 1 ,8 0 8

8 0 ,0 0 2

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

P h ila d e lp h ia

Boston
B ond
sales

Listed
shares

Unlisted
shares

B ond
sales

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

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

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

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

$ 4 7 2 ,9 2 5

1 9 3 ,6 5 8

2 4 ,8 6 5

$ 7 0 5 ,1 2 2

$ 7 4 ,0 0 0
1 0 2 ,0 0 0

Outside Securities
A Weekly Review of Outside M a rk et w i l l be f o u n d on a preceding page.
S tr e e t R a ilw a y s

B id

Ask

33
99
249
101
108
E x ch
§ 114

36
102
252
102
109*2
lis t
116
102
275
125
220
104
195
list
130
116
104*2
410
109
415
75
113
101
list
x lis t
x lis t
205

N E W YORK CITY

B le e c k S t A F u l F s tk 100
1 s t rnort 4 s 1 9 5 0 ___ J*J
B ’ w ay A 7 tli A v e s t k . 100
1 st rnort o s 1 9 0 4 ...J - D
2 d m ort 5 s 1 9 1 4 ........ J-J
C on 5 s 1 9 4 3 See S tock
B ’w ay S u rf 1 s t 5 s g u 192 4
2d 5 s in t as r e n ta l 1905
•Cent’l C ro ssto w n s t k . 100
1 s t M 6 s 1 9 2 2 ........ M -N
C e n P k N A E R iv s tk 100
C o n so l 7 s 1 9 0 2 ........ J-D
C h r istT A 1 0 th S t s tk 100
C olA 9 tli A v e 5 s See S to ck
D ry D K B & B a t s t k 100
1 s t go ld 5 s 1 9 3 2 . .. J-D
S crip 5 s 1 9 1 4 .......... F -A
E ig h th A v e n u e s to c k 100
S crip 6 s 1 9 1 4 .......... F-A
4 2 d A Gr S t F e r r y s t k 100
42(1 St. M A S t N A v e 100
1 s t rnort 6 s 1 9 1 0 . . . M -S
2 d in co m e 6 s 1 9 1 5 ..J-J
L e x A v A P a v F 5 s See St
JVletropol S e c u r itie s See
M e tro p o l S tr e e t R y See
N in t h A v e n u e s to c k . 100
S e c o n d A v e n u e stocklO O
1 s t m ort 5 s 1 9 0 9 ..M -N
C o n so l 5 s 1 9 4 8 ........ F -A
S ix t h A v e n u e s t o c k .. 100
S o u B o u le v 5 s 1 9 4 5 ..J-J
S o F e r 1 st 5 s 1 9 1 9 . . . A-O
T h ir d A v e n u e See S tock
T a r ry W P & M 5 s 192S
Y k e r sS tR E 5 s l 9 4 6 A - 0
-28 th A 2 9 th S ts 1 st 5 s ’96
T w e n ty -T h ir d S t s t k . 100
D eb 5 s 1 9 0 6 ................ J-J
U n ion R y 1 st 5 s 1 942 F -A
W est c h e s t 1 st 5 s *43 J -J

§101
265

§122
208

101

185
E xch

120

114
103
400
105
405
70

I ll's

99
k E xc
S tk E
S tk E

200

217 221
§105
106
§117 *2 119*2
180
170
§111 115
110
§108
E x ch lis t
108 110
108*2 110
§113
115
4 0 8 415
102 106
117
116
108 112

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

B id

Ask

52
45
98
95
P h ila list
17*2 17%
79
\ 78
13% 14
103*4 103^4
119
§117
§112 113*2
E x ch lis t
32
109
30
82% 83*,
§128 132
27*2

§100
63*2

67
98*2 100
§ 111*2 112*2
§103 10 4
115
102 1 0 4
3138 3 1 5e
84
85
§ 87% 87%
1 0 2 34
102*4
2434 25*8
61
61*4
91
92
94
§ .••••»

G a s S e c u r itie s
NEW YORK
•Cent U n io n G as 1 s t 5 s . . . §110
Con G as ( N Y ) s t o c k N Y S to ck
E q u i t G a s c o n d s l 9 3 2 See S tk E
M u tu a l G a s .................... 100 3 3 0
N e w A m sterd a m G as—
1 s t c o n so l 5 s 1 9 4 8 . . J-J §112
NY' G E L H A P See S to ck E x ch
BROOKLYN
N Y A E a s t R iv e r G a s—
■Allan A v e 5 s 1 9 0 9 . . A -0 §103
1 st 5 s 1 9 4 4 .................. J-J 112
Con 5 s g 1 9 3 1 ...........A -0 114 115
C onsol 5 s 1 9 4 5 .......... J-J 1 08
1 n ip t 5 s See S to c k E x c h lis t
N o r U n 1 s t 5 s 1 9 2 7 .M -N 10 8
23 B A W E 5 s 1 9 3 3 ..A -O 101*2 103*2 S tan d ard G as c o m ___ 10 0 13 0
B r o o k ly n C ity s t o c k . . . 10 247 2 5 0
P r e f e r r e d .................... 1 0 0 15 0
C on 5 s See S to c k E x c h list
1 s t 5 s 1 9 3 0 ...............M -N §115*2
B k ln O r o s s tn o s 1 9 0 8 .J-J 104 107
O TH ER CITIES
JBk-n H g t s 1 s t 5 s 194 1 A-O 105
10S
J B k ln Q C o A S u b See S tl E x c li lis t
A m e r L ig h t A T r a c t. 100
36*2
JBkLyn.Rap T r a n See S tk E xch lis t
91
P r e fe r r e d .....................10 0
C o n e y Is la n d & B klynlO O 3 5 0 400
B a ltim o r e C o n so lid a t See B a lt
1 s t 5 s 1 9 0 3 .................. J-J 101
B a y S ta te G a s .................50
2*4
o s e r t f s i n d b t 1 9 0 3 .. J-J 101 103
B in g h a m to n G as 5 s 1 9 3 8 § 93
B r k C A N 5 s 1 9 3 9 .J-J 115
B o s to n U n ite d G as b ond s B os to
116
O r S tA N e w 1 s t 5 s ’06 F -A 103*2
B u ffalo C ity G as stocklO O
11*2
O r ’p t A L o r im e r S t 1 s t 6 s 105
84
1 s t o s 1 9 4 7 ...............A -0
i c i n g s Co. E le v a te d —
C h icago G as See N Y' S tk E x c h
1 st 4 s 194 9 See S tock E xch lis t
C in c in n a ti G as A EleclO O 103
JN assau E le c p r e f........ 100
83
85
91
Col G as L' A H e a t com 100
5 s 1 9 4 4 ........................A-O 113
115
P r e fe r r e d .....................100 1 0 7
1 s t 4 s 1 9 5 1 .................. J-J
88
90
1 s t 5 s 1 9 3 2 .................. J-J §107*2
, W b ’g A F la t 1 st e x 4%s
105
106
15
C onsol G as (N J ) s t k . 1 00
S t e in w a y 1 s t 6 s 1 9 2 2 . J-J §117
119
85
1 s t 5 s 1 9 3 6 .................. J-J
C ousu m G as (J C ity )—
1 st 6 s 1 9 0 4 ...............M -N §103
O TH E R CITIES
D e tr o it C ity G a s............50
B u ffa lo S tr e e t R y —
D e t ’t G a sb ’d s See N Y 'Stkj E x ch
1 s t c o n so l 5 s 1 9 3 1 ..F-A §116*2 118*2 E s s e x A H u d so n G as 100
27
D e b 6 s 1 9 1 7 ...............A.O §106 107
50
F o r tW a j’no 6 s 1 9 2 5 ..J -J
C h ic a g o C ity R R s t k . 100
210
G a s A E le c B e rg eu C o lO O
C h ic U n io n T r a c See S t ’ck E x c h list
G rand R a p id s G as—
C le v e la n d C ity R y ___ 100
110
1 s t 5 s 1 9 1 5 .................F-A §105
C le v e la n d E le c tr R y .1 0 0
83*2 H artfo rd (C t) G as L ...2 5 t 49
O o iu m b u s (O) S t R y ., 1 0 0
51*2 5 3 * 2 H u d so n Co G a s............ 100
30*2
P r e fe r r e d .....................100 105*2 107
o s g 1 9 4 9 ...................M -N 102
O l u m R y con 5 s See Ph ila list
In d ia n a N a t & 111 G a s—
C ro 88 t ’w n 1 s t 5 s ’33. J-D §109 i l l
1 s t 6 s 1 9 0 8 ...............M-N
49
§ B u y e r p a y s a ccru ed in te r e st.
\ P r ic e p er sh are.
1 S a le prlct

lit dust r iu I a n d IH iseel
i L is fe e c u r il le s
Bid A s k
80
C iio seb ro u g h M fg Co 100
74
l u d ia n a p o lls G as cdot 50
1 st 6 s 1 9 2 0 ........ ..M -N 1 0 3 ’l 05 | l lallin ( Jl B ) 1 st p ref 100
2d p re fe rre d ........... 100
74
70
J ack son G as Co .. . . . 50
C o m m o n ...................100
.0*3
$8g 1937.......... . .. A-O §101
32
C olo F u e lA lr o n deb See
K an sas C ity G a s. . . . 100
ol A J l ock Coal A I p f 100
5 s 1 9 2 2 ................ ...A -O
90
1st g o s 1 9 1 7 ..............J-J
L aclede G as . . . . . . . . 1 0 0
10
C
P r e fe r r e d .......... . . . 1 0 0 1 08
60
C
55
ifa y ’e G a s ls t 6 s ’ 4.M
40
50
C
L ogA W ab V' l s l 6 s ’25.J D
v
P r e f e r r e d .....................1 0 0
M adison (Jus 6 s 1 9 2 6 .A -O § 107 * i L09»2
141*2 CJons R y L tg A R ef rig. 100
N ew a rk G as 6 s 1 9 4 4 .0 .J § 140
60
61
t Jonaol R u b b er T ir e .. 100
N ew a rk C onsol G as. .1 0 0
D e b e n tu r e 4 s ...............
5s 1 9 4 8 See S to c k E xcli list
( ’u n tm e n ia lT o lm c d eb 7s
N ew E n g G as A C See B o sto n 1 ist
22
( Joru P ro d u c ts See S to ck
18
) A i ud Con N a t A III 100
53
C
50
'ram ps' S h A Eli B ld g 100
1 st 6 s 1 9 2 6 ................J-D
.......... ( J m cib le S t e e l ..............100
P r o v id e n c e G a s ..............5 1 - l o o
P r e fe r r e d .................... 10 0
St J o se p h G as 5 s 1 9 3 7 .J .J § 95*2 97 *2
95
Mamoncl M a tc h Co See
\ 93
St Pan lG as G en 5 s ’44M
98
lo ih in lo n S e c u r it ie s .10 0
S y ra cu se G as 5 s 1 9 4 6 .J-J
e le c tr ic B o a t.................100
37*4 38
niterl G as A E le c ,N J 10
P r e fe r r e d .................... 100
87*4 87%
P r e fe r r e d ...................10

T d e g l 1A T e l e p h o n e

1 6 2 ,5 6 4 ,6 5 1
7 8 .0 8 4 ,0 3 1
4 ,5 9 1 ,5 6 3
S to c k s—N o. sh a res
Par v a lu e .......... $ 2 7 5 ,0 9 7 ,3 0 0 $ 4 3 8 ,3 1 6 ,7 75 $ 7 ,3 7 0 ,6 2 7 ,1 2 5 $14,838,735,225
$ 1 1 8 ,4 7 5
$ 3 3 6 ,9 0 0
$ 2 1 ,4 0 0
B a n k sh ares, p a r..
BONDS

[V ol. LXXIV.

C H R O N IC L E .

‘ ____________________________________________________________________________________ ________________

112
Exc
x lis t
340
113
list
114
112
no
140
160
116*4
38
92
lis t

2*2

95
n list
12*2
85*2
List
103%
94
111
108*.
17
87
104
73
lis t
28
55
1 06
31

102 *
51

Bid
440
100
102
US
S tuck
60
86
9
50
10
55
5*4

Ask
455
102*2
LO
O
E x ch
65
93
1L
60
20

5%
4
18*4
17*2
10 4
LO
O
E x ch list
72
75
22*8 22*4
85% 86
E x ch lis t
15
30
29
31
48
52
8
7*2
15*2
15
1*4
1%
9
n
49
2 *2
2*4
68
06
0

P r e fe r r e d .....................100
lis t
le c tr o -P n e u m ’io T ra n 10
110
m p ire S t e e l.................100
107
P referred ................... 100
64
e n e r a l C a rr ia g e........ 1*
d i e s A P o to T elep)
en e r a l C h e m ica l___100
107
5 s 1 909 2 9 .............
101
99
P r e fe r r e d ....................100
184
C om m ercial C a b le.
........
orliam M fg Co co m . 100 120
Goramer U 11 T e l (N V).
P r e fe r r e d .................... 100 125
84
Em p A Bay S ta te Tel
55
<
26% 26%
F r a n k lin .......................
12
19
x 12 3
Gold A S to c k ..............
08
75
H a ll S ig n a l C o .............10 0
4 * 8 , 1 9 0 5 ..................
2
17*2 19
) 106 109
JI u dson R iv er T elep l
H a v a n a C o m m ercia l. 100
54
57
M e x ica n T e le p h o n e Set • B osto ii lis t I P r e fe r r e d .................... 10 0
t- B osto n lis t
N e w E n g T e le p h o n e
e c k e r -J o n e s-J e w ’l Mi l l
95 100
) 122
126
l s l 6 s 1 9 2 2 .................M-S
N orth w e s te r n T e l e g .
2
3
) 175
173
H e rr i u g - H a 1 - M a r v 11110 0
1
N Y & N J T elep h on e
37*2 42*2
1 s t p refe rre d ...............100
6
10
80
2d p refe rre d ...............100
3
75
P a cific A A tla n tic .
l) 1 109
H o b o k e n L and A Im p 100 105
P r o v id e n c e Tolephc
5 s 1 9 1 0 ...................... M -N 10 6
“ .......... i o i
)
S o u th ern A A t la id
22
18
H o u sto n O i l ..................100
7
) t ••••■•
79
75
P r e f e r r e d .....................100
210
E le c tric C o m p a n ie s
1 n te r n a t’lB a u k in g C o 100 20 6
16
14
) ..........
I n te r n a tio n a l S a lt c e r tfs.
E d ison E l 111 B rk 4 s N l S to c k E xcli I u te r n a t’l S ilv e r See S tk E x c li list
104*2
1 S to ck Excli
6 s 1 9 4 8 ..........................J-D 103
G en era l E le c tr ic Co
2
) 198
Iron S te a m b o a t ............ 25 * 1
160
J o h n B S te ts o n c o m .. 100 150
) 1 9 8 200
0 l 1 00
P r e f e r r e d .....................100 150
(J 4 0
N Y A Q KIT.
L a n sto n M o n o ty p e ___ 20 1 12*4 13
) lb
L a w y e r s M o rt i n s u r .i o o 2 0 8 2 1 4
P r e fe r r e d .
78
D 125
L a w y ers' S u r e t y ........ 100 1 1 0
)
1 3% 14*4 L a w y e r s’ T itle I n s . ..1 0 0 3 6 0 3 70
j
on
70
L o rm a rd (P ) p r e f........ 1 0 0 1 2 0
14
19
0 See Ba It list M ad ison Sq G a r d e n .. 1 00
75
2d 6 s 1 9 1 9 .................M -N
F e r r y C o m p a n ie s
7
8*2
M ex N a t C o n str u e .p f 100
0
17
19
M o n o n g a h ela l i C o a l..5 0 \ 1 2 % 13
J 113
115
P r e fe r r e d ....................... 50 1 41% 42
k E x ch list
M on t A B o s Cop see B o st on S tk E x
Con 5 s 1 9 4 8 See
102*-i
. 108
110
M o sie r S a fe C o............ 100
22
0
78
N a tio n a l B r e a d ............ 1 00
91 *2 92*a
s § 94
’
P r e f e r r e d .................... 10 0
1 st 5 s
2 5 34 26
0
71
75
N a tio n a i C a rb o n ..........10 0
N Y A J
92*3
91
S §112*12 114
’
P r e fe r r e d .....................10 0
29*2 30*3
N a t E n a m ’g A S ta m p 100
Con 5 s 1 9 4 6 .............. J- :> § 87*12 8 8
85
84
P r e fe r r e d .....................100
N e w y ork A N e w J er se y
105
N a tio n a l S u r e t y ..........100 1 4 0
1 s t 5 s 1 9 4 6 .................J ■ j 1 0 2
33
38
75
1 0 th A 23d S ts F e r r y H 0
N e w C en tral C o a l..........20
116
1 s t m o rt 5 s 1 9 1 9 . .. J- ) §105
N Y B is c u it 6 s 1 9 1 1 .M -S 1 14
r
108
164
42
U n io n F e r r v s t o c k . . . I t 0
44*4 N Y R e a lty C orp........ 100 161
1334
T
1 st 5 s 1 9 2 0 ................ M- s § 9 8
N Y T r a n s p o r t a t io n ...20 l 13
N ic h o lso n F ile C o .. .. 1 0 0 1 3 6
R a ilr o a d
20
7
N o r A m L n m ’r A P ulp 100
9
8
4
98% 99% O n tario S ilv e r ...............1 00
32
33
V ..........
O tis E le v a to r co m ___ 100
102
0
14*2 .15*2
P r e fe r r e d .....................1 00 100
S §106
P rio r lie n g 4 *2S’3
P itts b u r g B r e w in g ___ 50 I 25% 26
108
J 101
Con m tg g 5 s 193
P r e fe r r e d ....................... 50 I 4434 45
103
24*2 2 4 34
.
34
In co m e 5 s 1 9 3 0 ..
P itts b u r g C oal............ .1 0 0
38
89
S tk E x lis t
P r e f e r r e d .................... 1 00
89*3
D e n v e r A S o u th ’n
149
v E x c h lis t P it ts P la t e G la s s ........ 100
D etro it S o u th e rn i
91
S tk E x lis t P r a tt A W h itn p r e f .. 100
385
R e fg g -4 s 1 9 3 6 See £ k E x c h lis t P r o c te r A G a m b le .. .. 1 0 0
205
< S to ck E x c h
M e x N a t - N a t of M e x
P r e f e r r e d .....................100 2 0 0
13 0
l? E x ch List • R ap T S u b O per 10 pd 100 1 2 0
P re f an d B o n d s See
107
N o r A W e s t-P o c a 4 s . 1 1 § 93
93*8 i R o y a l B a k P o w d p ref. 10 0 104
0 101
101 > R u b b er G oods M fg See St ock E x list.
2
03
P it ts B e s s A L E . .
0 t 36*2 37
R u s s e ll A E r w in .......... 25 t 60
148
P r e fe r r e d ..............
O t 73
76
S a fe ty Car H e a t A L t 100 145
^ B a lt lis t
165
S ea b ’d A ir L in e sto
S im m o n s H a r d w com 100
145
k E x c h lis t
P r e fe r r e d .................... 10 0 1 4 0
B onds
See N Y
145
2d p r e fe r r e d ...............100 140
270
S in g e r M fg C o...............100 25 0
10*2
10
s 1 00
102
S ta n d a rd M illin g C o. 100
3 4 *2 35
A llia n c e R e a lt y .......... 1 0 1 0 0
P r e fe r r e d .................... 10 0
105
80
82
A m a lg C opper See S to k E x c li list
5s
63 0
A m A g r ic C liem See B o sto n list
S tan d ard Oil o f -N J ’ . 1 0 0 * 6 2 5
.
A m er B a n k N o te C o ...
S ta n d a rd R o ta r y M o to r.. •••••• 2 6
60
00
A m B ic y c le See N Y S c E x c h lis t
P re fe rr ed ...........................
A m e rica n Can co m . . . 1 0
13*4 1334 S ta n d U n d e r g d C able 1 00 2 40
........
35
32
0
55*2 56
S tan d ard C ou p ler c o m l 00
125
0
94
96
A m e rica n C h icle Co.
P r e f e r r e d .................... 1 0 0 1 2 0
5
3
0
88
92
S to r a g e P o w e r .................5 0
1
A m erica n E le v a te d .
1*2 S w ift A Co See B o s to n St k E x c ii’g e
10 2
3*2
0 1
3
A m er G rapliophone
1 st 5 s 1 9 1 0 - 1 9 1 4 ....J - J § 1 0 1
P r e fe r r e d .................
0 1 ..........
7% T e n n e s s e e C opper See B o sto n S t k E x
90
A m er H id e A L e a th e
0
7*4
7*2 T e x a s A P a c ific C oal. 100
110
P r e fe r r e d .................
0
39
40
1 s t 6 s 1 9 OS.................A -0 a 06
6 s See S to c k E x c l
it
T itle G uar A T r u s t ... 100 5 90 600
172
A m e rica n P a la c e Ca:
0
39
41
T itle I n s Co of N Y ..1 0 0 165
16
15
P r e fe r r e d .................
0
85
90
T r en to n P o tte r ie s com 100
102
0
90
95
100
P r e fe r r e d ....................10 0
73
74
A m e rica n S c r e w ___
0
60
T ro w D ir e c to r y n e w . .1 0 0
4
A m er S h ip b u ild in g .
U n io n C o p p er.................. 10 • 3%
0
3S
39
20
33
0
98
P r e fe r r e d ................ .
98% U nion Steed A C hain. 100
50
0
2
40
A m Soda F o u n com
P r e f e r r e d .................... 10 0
6
91
0
55
1 s t p ref erred ..........
U n io n S w itc h A S ig n a l 50 t 90
2d p r e f e r r e d ..___
0
10
P r e fe r r e d ....................... 50
98 "
0 165
95
A m e rica n S u r e t y ...
180
U n io n T v p e w r c o m .. 10 0
130
A m er S tr a w b o a rd ...
0
38*2 39
1 st p r e fe r r e d ...............100 127
133
A 100
.
2d p r e fe r r e d ...............10 0 1 30
0 30 0
A m er T o b a cco c o m ...
U n ite d C o p p er C o___ 1 00
36% 36%
Ik E x
P r e fe r r e d ...................
0 145
U S C a st Iron P ip e . See X Y S
152
16
0
45
14
A m T y p efo ’ra s t o c k ..
U S C otton D u c k ........ 10 0
50
40
A m er W oolen See St k E x ch list
U S E n v e lo p e c o m ...1 0 0
73
76
A m or W r itin g P a p e r .
0
3
P r e f e r r e d .....................100
3
35
11
34
P r e fe r r e d .................... 0
U S G la ss c o m m o n ... 100
12
146
J
70
P r e f e r r e d .................... 100
72
43
0 ..........
A n th r a c ite C o a l..........
41
U s ReduotARoiinin& TOO
64
65
B a rn ey A Sm C ar........
0 ........ . 22
P r e fe r r e d ................... 10.0
P r e fe r r e d ...................
94*2 9 5
0 127
U s S te e l Corn o s (w h iss)
130
9
10
B liss C om pany c o m ..
0 145
U n iv e r s a l T o b a c c o ... lOu
35
0 140
15
115
P r e fe r r e d .....................100
12
14
0 470
\ a Coal Iron A C oke. 100
57
55
st S lo c k E xch
B rit C olum Cop
5 s 1 9 4 9 .........................M-S
184%
0 110 113
\ \ o stin g h A ir B rak e. .5 0 f 183
2 2 *2 23
W h i l e Kuol> Mi ni n g . 100
► 21
0
24
C om
126
W o rth in g P um p p ref. 100 1 2 2
0
65
67
P re
i:\ch
106
) 103
)
5 6 Si
105
) 175
> 115
> 78
) 47
) t ..........

THE CHRONICLE

M ay 24 1903.]

1081

Jrawsimeui and pjlaxlroad %\xUllx%mtz. '
R A IL R O A D

EARNINGS.

The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from J u l y fl to and including such latest week or month.
The returns of the street railways are brought together separately on a subsequent page,
N o tice Chang©—Our yearly totals now all date from J u ly 1.
L a t e s t G r o ss E a r n i n g s

ROADS

W eek
o r M o n th

C u rren t
Year

I ’resVi ou8
Year

L a test Gross learnings

J u l y 1 to L a t e s t L a t e
C u rren t
Year

P revio u s

ROADS

Year

$
$
$
$
155,810
149,654
A d iro n d ack .......... March ...
18,198
14.070
2,164,072 1,922,664
A la G t S outhern . 2d w k M ay
3 3 ,8 4 9
43,491
A la N O A T exas Pao J u n e
55.000 1,689,806 1,634,247
N O & N o E a st. 1th w k Apr
00,000
872,517
28.000
78 *,329
A la A V icksb’g it h w k A pr
32.000
910.871
27,000
770,400
V icksb Sll A P. 4th w k Apr
34.000
A lle g h e n y V alley M a r c h ...
598
In c.
32,080 1,645,23
1,531,643
28,837
A im A rb or........... d w k M ay
5,895
64,519
A nn W ash A Hal. M a r c h .......
46,232
7,131
A teh Top A S F e. M a rch .__ 4,794,270 4,638,722 44,826,176 40,145,164
A tla n ta & C har.. F e b r u a r y . 236,964 236.416 1,989,694 1,957,288
018,721
36,892
A tl K n oxv A N o. A p r il.........
396,163
51,628
110,641
8,477
A tla n tic A B irm A p r il.........
64,783*
12.193
A tl C oast L in e ... M a rch ....... 822,678, 79SJH 4 6,011,814 5,809,97c
227,562
21,070
194,378
21,975
A tl V ald A W est. A p r il.........
B a lt A A nn S L .. M a rch . . . . .
68,302
80,635
7^29
B a lt A O h io .... > A p r il......... 4,142,540 3,879,745 42,227,063 39,084,197
B & O SouthwT. <
B a n g o r A A roost M arch
171,389 137,788 1,266,049 1,081.714
B a th A H am nion M arch
2,133
28,794
2,250
33,519
B e lla Zanes A Cin March,
14,421
13,106
B e lie f o n te Cen IT A p r il.
48,445
34,362
3,599
5,719
B r id g t & Saco R. March
30,912
31,813
3,543
2,714
Bull' A ttic a A A rc March.
19, MO
18,975
2,135
2,304
B u ll R ocli A cT its 2d w k M ay 128,716 117,191 5,332,815 5,013,294
B u ffalo A S u s q ... M arch
629,237
56,830
65,590
531,985
B u rl C Rax> A No A p r il. .
396,825 348,175 4,559,904 4,159.231
C anada A tla n tic February,
123,195 106,871 1,187,097 1,172,246
C anadian P acific 2d w k M ay 730,000 565.000 32,529.152 26,607,179
130,734
C ane B e l t ............. M arch
39,411
5,676
12,387
C en t’l of G eorgia 2 d w k M a y 121,530 101,270 6,880,248 6,178,707
C en t’lN e w E n g .. M arch.. ..
449,309
47,850
52,410
534,035
CentT o tN J ersey February 1,217,279 1,164,482
C entral P a c ific .. M arch........ 1,466,185 1,575,810 15,193,285 14,418,316
C hattan South’n . 2d w k M a y
83,895
2,125
1,433
81,718
C hesap A O h io ... 2 d w k M a y 318,799 291,812 14,470,346 13,330,553
Chic A A lton R y . A p r il.___
662,058 661,637 7.794.197 7,531,169
Chm B u rl A Quin M arch .... 4,163,014 3,940,067 40,615,757 37,754,832
Chic A E Illin o is. 2d w k M a y 104,713
97,710 5,476,041 4.977.436
Chi-j G t W estern. 2 d w k M a y 121,340 125,253 6,622,392 6,067,792
Chic In d A L ’ v . .. 2d w k M ay
85,717 3.942,448 3,570,733
92,717
Chic M ilw A St F M a r ch ....... 3,740,369 3,530,905 34.817,100 32,336,634
Chic A N orth W’n A pril
3,772,224 3,478,050 38,770,897 35,747,181
Chic P eo A S t L .. A pril
122,939 102,241 1,198,915 1.145.437
C hic R I A P a c ... M a r ch .. . . 2,214,010 2,064,950 23,010,435 20,508,795
Chic S t P M A O . March
982,062 856,149 9.127.198 8,225,006
C hic Term Tr RE ls t w k M ay
2 9 ,5 8 2 1,377,241 1,200,271
33.281
C hoc Okl A Gulf* rtlrwk Mar
89,707
75,378 4,054,742 2,877,751
Cin N O A T P a c. 2 d w k M ay 110,157
96,922 4,811,187 4,334.384
Cl Cin Ch A S t L. 2d w k May 333.457 338,999 16,182,125 15,323,036
P eo ria A E a st’n 2d w k M ay
50,077 2,185,736 2,141,318
45,051
C lev Lor A W heel Jan u ary
194,003 143,593 1,542,222 1,162,839
C olorado A Souch 2d w k M ay
99,556
84,808 4,733,509 4,091,445
Col N ew b A L au. M arch
18,962
20,343
139,176
138,888
Col Sand A H ock 2 d w k M a y
22,220 1,056,901
27,191
908,880
C o rn w a ll............. M arch
10,444
7,417
86,358
77,583
C orn w all & L e b .. M arch
24,741
190,281
254,470
23,455
Cum ber 1 d Val ey M arch
890,072
81,619
88.427
822,851
D en v er A R io Gi 2 d w k M a y 209.300 210,300 10,151,75
9,927,102
D etro it Southern, u f iw k j a n
37,752
697,226
753,416
36,479
D e t A M ackinac. M a r c h ......
93.282
640,214
611,083
77,291
D u l So Sh A A t).. 2d w k M ay
52,861
46,660 2,313,456 2,133,690
E S t L A G arond. February .
10.194
98,797
11,222
110,088
E r i e .........................M a r ch ____ 3,364,923 3,399,634 30,738,354 28,660,569
E v a n sv A In dian 2 d w k M a y
5,681
294.686
5,084
283,631
E v a n sv A T 11... 2 d w k M a y
25,642 1,289,275 1,256,228
27,159
F ’rch ild A N ’r ’e ’n .M arch. . . . .
3,627
3,140
F a rm v A Po w hat M a r c h 6,859
53,001
5,215
46,198
F t W A D en y City M a r ch ....... 169,017 171,884 1,670,646 1,599,049
G eorgia R R ..........M a rch .........
179,386 163,49
1,552,51 8 1,450,404
Ga South A F la .. IA pril
93,207
91,268 1,0 15,377 1,011,393
G ila V a i G A N . . M arch___
1
28.428
271,583
25,999
277,348
Gr T runk System 2d wk May 579,916 509,716 25,732,596 24,558,259
Gr Tr A W est’n 3 a w k Apr.
98,948
86,898 3,537,798 3,452,730
D e t Gr H A M .. 3 d w k Apr.
19,179
937,950
18,225
860,663
G reat N orth’n —
S t P M inn A M. A p ril......... 2,282,812 1,917,004 25,192,421 19,214,773
E a st’n of M inn. A p r il....... . 556,525 183,843 4,194,903 3,033,115
M on tan a CentT A p ril.........
170,624 178,153 1,463,246 1,815,186
T o ta l sy stem . A p ril......... 2,809,961 2,279,000 30,850,570 24,063,074
G u lfA S h ip Islan d F eb ru a ry . 109,192
898,787
85,488
621,5051
H o ck in g V a lle y .. 2d w kM ay 126,464 103,539 4,488,722 4,010,356
H o n s A T ex Cent March
361,640 443,790 4,082,969 4,476,659
Illin o is C en tra l.. A p ril.
3,344,162 2,953,757 34,096;/63 30,816,719
Illin o is Southern A pril.
9.915
8,917
112,139
95,246!
In t A G t N o rth ’n 2d wk May
74,778
84,475 4,296,209 4,416,242j
In te ro c (M ex)___ • - k Apr. 26 103,900
A
83,300 3,425,595 3,424,930!
Io w a C en tra l___ 2d wk May
38,585
35,629 2,193,114 2,017,358
Iron R a ilw a y ___ A p r il.........
7,667
5,151
48,282
68,989
K an aw ha A Mich.«.A wk May
id
22,997
962,644
18,848
790,729
K an C ity S ou t/i’n'M arch..
511,019 446,222 4,097,676 3,563,561
L ehigh A H udson IFebruary.
297,341
248,912
33,873
25,651
L ehigh Val R i i . . IM arch . .. . 2,042,982 2,531,903 21,076,120 19,622,973
Leb Val C oal C o. M arch . . . . 1,192,416 L,556,881 16,323,845 15,191,43 5
L ex m g A Kejtif n . M a r c h _
_
55,084
29,404
297,485
260,264
J>ong Islan d .
M arch
In c. 41) 0,465
In c . 51 ,958
iV nnsv a N ash v. 2d. w k M ay 5 7 0 ,7 4 0 527.000 26,532,262 Ti,401,568
'Macon A B ir m ... A p ril.
7,222
9,157
93.976
105,065
Man te e A G r. Iid s March
7,802
9,806
M an i* A N o East F eb ru a ry .
33.071
32,790
M an 1s t jq u e .......... Apr i 1..
8.034
7,978
72,579
58,283
M aryl and A Perm vi a r c h .. ..
20,622
179,255
195,232
19,536
1M exican C entral 2d wk M ay M55,9 JO 369,129 16,061,653 14,760,436
M exieari Jntern’l'M arch .. .. 540,373 512,201 4 ,606,496 4,181,689'

Week
or M onth

Wk Apr 26
3d wk Apr.
_
March •_
M arch___
2d wk May
2 d wk May
2 d wk May
2 d wk May
2 d wk May
Total.............. 2d wk May
Mob Ja ck A K C. WkMay 17
M obile A O hio, .c A p ril____
N ash Oh A S t La. A p ril.. .
NatT Ry. of M ex. 2d wk May
N ev-C ai-O regon. March.......
N evad a C e n tr a l.. February
N Y C & H ud Riv Aj>ril.........
N Y O ut A W est. March.......
N Y Susq A West M arch......
N orfolk A WesPn 2 d wk May
v or th e m C entral M arch......
NortlVn P aclffc.. A p r il.........
P acific C oast Co February .
P e n n —E astP A E e M a r c h ,,...
W est P A E § ... M arch......
Pere M a r q u e tte .. 2 d w kM ay
P hlla A E r ie ........ M arch.....
Pliila Wilm A B . . M arch......
P in e Blf.A A rk.R . M arch......
Pittsb C C A S t L April .......
P ittsb A W est’n. March-----l M exican R y ........
M exican South'd
Ml lien A Ho’w T i..
M ineral R a n g e ..
Minneap A S t L.
M St P A S St M_
Mo K an A T exas
Mo P ac A Iron Mt
C entral B ranch

Plant S y ste m — 1
A la M idland.
B run s A W ’n. (
M a rch ,....
Chas A S a v ...
Sav F la A W .
S ilS Oc A G ..
R eading Co. —
P hil A R ea d ___ M arch.. ..
C oal A i r C o .... M arch..
T o t b oth Co’s .. M arch......
Rich F r’ksb A P . M arch......
Rio G rande J e t .. M arch......
Rio G rande S o ... 2d w k May
Rio Gr’d e W e s t .. A p ril.........
R u t la n d ..........
March.......
S t J o s A Gr I ........ A p ril....... .
S t L K en ’e t A S o. A p r il......
S t L A N A rk ........ March___
St L A San F ran g id w k May
S t L S o u th w e s t.. 2d wk May
S t L V an A T H . . A p ril.. ..
San A n t A A P . . . M arch.....
San F ran A N P .. April.........
San P edro LosAng eles A S a lt L. February..
Sav F la A W e s t.. March
Seaboard A ir L .. 2d w k May
So C A Ga E x t . . . A p ril.. ..
So H a v e n A E a st. A p r il_ „.
_
S outhern I n d ___ A p r il....... .
So P acific Co 6 ... M arch......
C arson A Colo. vi ar c h ......
c e n t P a cific___ d a rch .......
D ir e c t N a v . Co. March......
G al H a r A S A . v a rch ......
?
Gal H ou s A N o d a r c h ......
G u lfW . T. A P. M arch......
H ous. E. AW .T. M arch......
H ou s. A Slirev. Ma rch ......
H ou s A T ex Cen A a rch ___
l
Ib eria A Verm . Ma rch ......
L o u is’a W e s t... vi a r c h ......
M organ’s L A T M arch......
N. M ex.A A riz.. 4 a rch ......
N Y T A M ex .. March......
O regon A Calif. March......
Sonora R y
M arch......
T e x A N o r l ___ M arch......
So P a c o f Cal .. March....
So. P ac. C oast.. M arch......
So P a c o f A riz. Ma rch .......
So P a c o f N M . M arch......
Southern R a ilw ’y 2 d w k May
T erre H A I n d . . . April ____
T erre H A P e o r .. April . ...
T e x a s C entral . . . 1st wkMay
T e x a s A P a c ific .. 2d wk May
T e x S V A N W .. A p r il... ...
T o l A Ohio C e n t . 2d wk May
T ol P A W est . . . . 2 d wk May
Tol St L A W ........ 2d wk May
Tor H am A Buff . 1st wkM ay
Union P ac RR . )
Oreg RR A N > M arch......
O reg Sh L ine. )
W a b a sh ................. 2d wkMay
W J ersey A S ea ’e March.......
W heel A L E ........ A p r il....... .
W ichita V a lle y ... M a rch ___
Wm’sport A N . Br. March .. .
W isconsin C e n t.. 3d wk May
W rightsv A T ’n .. M arch......
Y azoo A M iss V.. A p ril.........

Current
Year

P revious
Year

%
$
80,400
92,600
19,229
18,065
3,01 1
3,843
46,124
43,103
59,609
59,230
11 5,352
97,961
278,677 267,151
571,000 610,000
19,000
14,000
585,000 629,000
3,067
2,648
553,295 443,517
664,113 561,185
161,470 155,140
9,531
8,555
2,700
2,476
o,78£f,793 5,188,745
462,428 446,284
196,417 230,392
368,060 336,290
671,310 645,210
3,164,855 2,738,715
314,418 327,525
8,686,104 8,238,904
I n c . 39 0,700
165,807 161,270
475,061 486,129
963,607 983,307
2,214
3 211
1,792,125 1,642,847
326,491 367,798

806,972

775,655

J u l y I to L a t e s t h a t e .
C u rren t

Year

P r e v io u s
Year

3,754,200 3,584,300
435,423
3,025,690
5,314,049
14,426,356
31,519,164
1.051.700
32,676,994
144,124
5,367,402
6,583,231
6,927,043
111,910
26,081
59,032,522
4.355.005
2,089,036
15,209,482
6,327,779
35,189,975
3,401,345
73,206,003
In c . 5,7
8,298,178
5,163,770
8.783.701
28,276
18,039,272
3.210.005

438,195
2,832,812
3,867,135
13,476,802
29,040,294
1,155,405
30,158,181
123,163
5,149,319
6,413,239
6,647,447
109,732
22,046
54,655,872
3,865,427
1,888,903
14,123,065
5,956,979
28,096,072
3,483,126
68,178,903
47,700
7,490,952
4,518,492
8,621,701
22,586
16,120,405
2,910,210

6,357,908

6,109,320

2,465,274 2,415,752 22,541,495 20,923,337
1,772,286 2,043,320 21,928,904 21,129,682
4,237,560 4,459,072 44,470,399 42,053,019
739,540
797,607
92,314
9 6 ,1 2 2
433,343
443,170
39,702
41,145
476,024
501,279
9,415
10,80«
428,700 427,900 4,431,603 4,019,517
1,560,572
__. . . .
90,253 110,953' 1.127.400 1,158,860
114,696
160,809
10,084
23,100
69,207
174,619
18,384
7,763
409,148 361,062 18,969,226 16,706,335
121,236 121,080 6.431.400 6,608,338
175,006 165,809 1,766,934 1,656,959
173,282 192,002 1,918,908 2,070,929
846,801
919,532
81,729
79,791
19,532

13,139

f S 06,972 f 7 7 5 ,0 5 5 (6,357,908 / 6,109,320

220.612 213,171 10,049,876 9,569,795
243,786
236,454
19,732
24,824
62,067
59,514
4,766
4,567
339,867
504,175
51,210
42,129
6,528,219 6,445,785 63,435,970 57,180,822
14 921
29,293
1,466,185 1,575,810 15,193,285 14,418,316
10,04o
7,076
537,689 598,995 5,449,022 5,069,790
23,584
31,046
9,624
9,174
662,430
721,541
70,522
75,618
145,S09
177,087
18,294
13,968
361,640 443,790 4,082,969 4,476,659
3,512
4,993
159,780 145,834 1,441,233 1,254,077
403,283 0 5 0 ,6 0 0 5,954,636 6,027,645
20,853
23,470
210,658
21,472
275,576
24,809
287,991 249,166
49,453
49,330
243,367 257,379 2,212,657 2,055,166
1,700,995 l ,644,794 16,244,536 13,921,183
6 6 681
63,927
446,132 3.-6,035 3,608,078 3,166,406
223,806 219,246 1,988,352 1,701,995
698,373 647,924 32,894,962 31,374,767
131,038 126,892 1,403,727 1,325,473
40,010
461,135
40,773
458,618
8,760
614,723
13,797
526,698
187,661 202,235 10,245,628 10,009,025
11 *,900
10,600
9,500
135.800
60,023
45,098 2,468,058 2,161,841
24,822
989.801 1, 011,220
22,561
44,803 2,241,149 2,094,713
44,725
336,019
8,684
9,149
415,016
3,476,859 3,294,313 36,189,309 32,926,054
339,520
- 285,710
310,373
4,793
8,521
124,500
12,785
520,533

315,622
243,710
217,857
4,824
9,594
100,678
13,678
422.931

16,695,893 15,340,429
2,838,570 2,699,870
2,863,836 2,455,747
84,489
98.299
5,282,376 4,644,748
132,114
115,509
5,663,909 5,324,284

fj C overs r e su lts on lin e s d irectly op erated. * F ig u res from D ec. 1 are for th e railroad o n ly .
LMex lean cu rren cy, ^ In c lu d e s P aducah A M em ph is D iv isio n from J u ly 1 in b o th y ea rs, t R esu lts on M on terey A M oxican G u lf are
me; udod from March 1 ,1 9 0 2 , but for no p a rt of 1 9 0 c
c c o v e r s lin e s d ire ctly o p erated , in clu d in g th e B uffalo A A ilo ’y Val. D iv .l’or b oth y ea rs.
b In clu d es the H ouston A T e x a s C entral and its su b sid ia ry linos. E a rn in g s oi th e Crom well S tea m sh ip L ine, n o t p rev io u sly rep o rted , are
noy/ al •() include,d.
c R esu lts on M ontgom ery D iv isio n are in clu d ed in both y ears.
d In clu d es Hfc. P a u l A D uluth lor b oth y ea rs.
i f 5 c ’e figures are th e resu lts on th e A la. Midi., B runs w ick A W est., C harles, A S av., Sav. Fla. A Wosr/n an d S ilv e r Springs'. O cala A G u lf
,
V 'i nese figures Include, b esid es th e Bt. Louis A San Fran, p rop er, the Kan. C ity F t. S o o tt A M em .sy stem and
& I& (j
1</

fH E CHRONICLE.

1082
T o t a ls fo r F isc a l Y e a r.

i f u ll p a g e s t a t e m e n t o n t h e p r e c e d in g p a g e w e s h o w
cn«j g ro is e a r n in g s o f a ll ro a d s fo r th e p e rio d f ro m J u l y 1,
t h e b e g i n n in g o f t h e U sual y e a r o f t h e g r e a t
t h ait be:
t bem
m ajority i f th t; ro a d s
T h e r e a r e , h o w e v e r, so m e r o a d s t h a t
s till h a v t their o w n tiscal years. These w ith their dates are
together iu the f o llo w in g .
L atest

Period.

Roado.

trevu rus
Year.

9

lno. 13,305
Alleghen; V alley................... Jan. 1 to Mar. 31
to Feb.
2,634,986 2,470,627
t l l l H A) (.'A arlulte A ir L in e . Apr.
to Apr.
16,939
14,381
B e ll e f o n t e G e n e r a l....................... Jan.
1,677,012 1,648,645
to Apr.
B u r lin g t o n C e d a r R ap . A N o. Jan.
2.526,792 2,570,501
to Feb.
C e n tr id o f N e w J e r s e y .............. Jan.
to Apr. 30 42,663,998 39,4.35.373
C h ic a g o A N o r th -W e s te r n ___ Ju n e
to Mar.
C h ic a g o K ook I s la n d A K a o .. IA pr.
29.334,694 26,066.074
2,755,292 2,884,728
to Mar.
O hio. S t. P. M in n . A O m a h a .. J a n .
2,297,157 1,805.684
C h o c ta w O k la h o m a A G u l f ..|N o v . 1 to Mar.
253,948
237,379
r n m h e r la n d V a l l e y . . . . .............IJan. 1 to Mar.
528 077
F t. W o rth A D e n v e r C it y ........ J a n . 1 to Mar.
520,350
I n t e r n a t io n a l A G t- N o r t h ’n . |J a n . 1 to May
1,677,963 1,789,038
72,241
M a n is te e A N o r th E a s t e r n . . . J a n . 1 to Feb.
66,329
23,654
M a n ls t lq u e ......................................... J a n . X to Apr.
34,044
6,516.833
7,434.466
1 to May
M e x ic a n C e n t r a l l ...................... J a n .
M e x ic a n I n t e r n a t i o n a l ...............J a n . 1 to Mar.
1,575,809 1,474,737
1,592,100 1,455,300
M e x ic a n R a ilw a y ........................IJ a n . 1 to Apr.
57 073
M e x ic a n S o n t h e r n .......................A pr. 1 to Apr.
52,897
12,201.164 11,997,294
M is so u r i P a c ific ...............................J a n . 1 to May
1 to May
333.700
432,400
C e n t r a l B r a n c h ........................... J a n .
12,614,512 12,429,699
T o ta l
.....................
[Jan. I to May
3,128,994 2,840,972
N a t io n a l R R . o f d e x l o o ...........jja n . 1 to May
2,011,625 1,911,425
to Mar.
N o r th e r n C e n t r a l...........................J a n .
P e n n s y l v a m a .E a s t o f P .A E ..' J a n ,
24,822.102 23,424,302
to Mar.
Inc. 1,285,800
to Mar.
W est o f P . A E ........................ Jan.
3,360 671 3,038,686
to May
P e r e M a r q u e t te ............................. Jan.
1,358,790 1,328,366
to Mar.
P h ila d e lp h ia A E r ie ................... Jan.
P h lla . W ilm ’g ’u A B a lt im o r e . Nov.
4,653,725 4,647,825
to Mar.
7,105,974 6,491,244
to Apr.
P it t s . C ln o ln . C h ic . A 8 t . L . . . Jan.
168,010
158,921
to Mar.
R io G r a n d e J o n o t l o n ................. Deo.
1,024,002
969.352
8 t . L . V a n d a ila A T e r r e f i . . . . Nov.
to Apr.
17,263
14,096
S o u th H a v e n A E a s t e r n ........... Jan. 1 to Apr.
820 383
765,518
T e r r e H a u t e A I n d ia n a p o lis .. Nov. 1 to Apr.
253,987
276,791
T e r r e H a u t e A P e o r i a ............... Nov. 1 to Apr.
4,073,863 4,30S,744
T e x a s A P a c l ll o ............................. Jan. 1 to May
610,564
W e s t J e r s e y A S e a s h o r e .......... Jan. 1 to Mar.
652.464
14.271
18,158
W ic h ita V a l l e y ............................. Jan. 1 to Mar.
* T hese figures lnolude th e Buffalo A Allegheny Valley Division In
both years. tT h e operations of th e M onterey A M exican Gulf are
inoluded from M arch 1,1902.
L a te st G ro ss E a r n in g s by W e e k s .— In the ta b le w h ic h
fo llo w s w e sum up separately the e a rn in g s fo r the latest
w eek .
T h e ta b le covers the second w eek of M a y an d
show s 8‘76 per cen t increase in the a g g re g a te over the sam e
w e e k last year.

2d week of May.

A labam a Gt. S outhern..
Ann Arbor
.
Buffalo Rooh. & P lttsb ’g.
C anadian P ao ifio ... . . . .
_
C entral of G eo rg ia_ _
C hattanooga S outh ern ...
Chesapeake & O h io ........
Chioago A E ast. Illin o is.
Chioago G reat W estern.
Chio. in d la n ’lls A Loulsv.
Cin. N. O. A Texas P a c ..
Clev. Cin. Ohio. A St. L ..
P eoria E astern
Colorado & S outhern_
_
Col. Sandusky A H ock’g.
Denver A Rio G rande .
D uiuth So. Shore A A t . . .
Evansv. & Indianapolis.
Evanev. A T erre H aute.
G rand T ru n k ............... 1
G rand T runk W e st.. >
Det.Gd. Hav. & M ilw . )
Hooking V alley...............
In te rn ’i A Gt. N orthern.
K anaw ha A Michigan....
Louisville A N ashville ..
M exican C entral.............
Minn & fit. LoillS..........
Minn. St. P. A S. Ste. M..
Mn K ansas & T exas___
Mo. Paoifio A Iro n M t....
Central Rranoh.............
Mob. Jackson A K .C lty..
N ational RR. of Mexioo,.
Norfolk
W estern____
Pere TVTarqnatte____ ___
Rio G rande S outhern_
_
St. Louis & San F ra n _
_
8t. i.ouis Bouthweeterii..
Seaboard Air L ine_____
Southern R ailw ay ..........
Texas A Paoifio _ ...
_
Toledo A Ohio C e n tral..
Toledo Deorla A West'D..
Toledo 8t. L. & West.......
W a b a s h ...........................
Wisconsin C entral..........
Total (48 roads)...........
Net increase (8-76 p. o.)..

Increase.

1902.

1901.

$
43,491
28,837
128,716
730,000
121,530
2,125
318,799
104,713
121,340
92,717
110.157
333,457
45,051
99,556
27,191
209,300
52,861
5,681
27,159

33,849
32,080
117,191
585,000
101,270
1.433
291,812
97,710
125,253
85,717
96,922
338,999
50,077
84,808
22,220
210,300
46,660
5,084
25,642

579,916

509,716

126.464
74,778
38,585
22,997
579,740
455.910
59,609
115,352
278,677
571,000
14,000
3,067
161,470
368,060
165,807
10,808
409,148
121,236
220,612
698,373
187,661
60,023
24,822
44,725
339,520
109,000

103,539
84,475
35,629
18,948
527,000
369,129
59,230
97,961
267,154
610.000
19,000
2.648
155,140
336,290
161,270
9,415
361,062
121,080
213,171
647,924
202,235
45,093
22,561
44,803
315,622
91,550

22,925

8,444,041 7,763,677

767.537
680,464

Decrease.

70,200

9

turns are b ro u g h t to geth er h ere in the w e e k in w h ic h w e p u b ­
lish our m onthly a rtic le on net e a r n in g s - say abou t the 20th
of the m on th .
Besides the com panies fu rn ish in g m on th ly
returuB, w e h ave ad d ed this tim e the roads w h ich m ake
q u a rte rly returns.

The retu rn s o f the stre e t ra ilw a y s we g ive by them selves
under a separate head a t the e x tre m e e n d o f these ta b u la tio n s
—see page 1084 ■

tiross N a m i n g * .

O u rrent
Year.

$
9,642
11,525
165,000
20,260
692
26,987
7,003
7,000
13,235
14,748
4,971
6,201
597
1,517

2,956
4,149
52,740
86,781
379
17,391
11,523
419
6,330
31,770
4,537
1,393
48,086
156
7,441
50,449
14,925
2,261
23,898
17,450

$

........

3,243

3,913
_ __ _
_
5,542
5,026
1,000

9,697

39 000
5,000

i4,574
78
87,073

Net Earnings Monthly to Latest Dates.—T h e fo llo w in g
sh o w sth e g ro ss a n d n et e a r n in g s to la te s t d ates o f a ll S t e a m
ra ilro a d s fu rn is h in g m o n th ly statem en ts. T h e com pilation
Includes e v e ry ro a d fr o m w h ic h w e c a n g e t re tu rn s o f this
character a n d in th a t fo r m is g iv e n once a m o n th . E a r ly re­
tu rn s art p u blish ed fr o m w e e k to w e e k , as soon as issu e d , but
fo r the convenience o f o u r re a d e rs a ll th e roads m a k in g re_

[VOL. LXXIV.

--- tiros* Namings.----, Ourrent

Previous

9

Year.
9

Year.

H oad*.

—N e t N a m i n g * .
O urrent
P reviou s
Year,
Year,
9
9

A dirondack a
..Max’.
14,070
18,198
7,311
1,447
July 1 to Mar. 3 1 __
155,810
149,654
45,146
46,007
A labam a Gt. 8o’t h.uMar.
188,458
190,781
52,438
44,634
Ju ly 1 to Mar. 3 1 _ 1,876,284 1,678,675
_
499,544
545,677
Allegheny V alley.. Mar.
lno.
598
Dec. 35,847
Jan . I to Mar. 3 l . . . .
lno. 13,365
Deo. 72,201
Ann A rb o r.b
...M ar.
171,603
142,654
51,616
32,626
July 1 to Mar. 3 1 _
_ 1,437,493 1,310,068
444,954
342,634
Ann’p. W’ah.A ital.aM ar.
7,131
5,895
2,491
2,073
Ju ly 1 to Mar. 3 1 _
_
62,519
46,232
21,924
12,888
x teh .T . A 8. Fe.i* Mar. 4,794,270 4,638,722 12,059,142 11,752,943
Ju ly 1 to Mar. 3 1 ... 44,826.170 40,145,164 119218759 U 6023638
All. K nox. A N o.a Mar.
51,739
38,502
18,391
9,439
Ju ly 1 to Mar. 31 .
467,093 359,271
181,371 110,247
A tlantic A B lrui’gh.Apr.
12,193
8.477
4,934
3,271
Ju ly 1 to Apr. 30 ...
110,641
64,783
47,513
22,450
A tlantic Coast 1..a.M ar.
822,678 782,914
431,571 346,183
Ju ly 1 to Mar. 3 1 ....
6,011.814 5,809,978 2,358,725 2,291,243
B altim ore A Annapolis
9,616
7,629
3,445
2,503
Short L in e .a .......Mar.
July 1 to Mar. . 1 _
_
80,635
68,302
25,019
23,159
B alt. A O h io .b . ...A p r.
4,142,540 3,879,745 1,274,644 1,250,591
Ju ly 1 to Apr. 30 .42,227,063 39,084,197 15,113,053 13,188,745
Bangor A A ro o st’k bMar.
171,389
137,788
60,020
53,857
Ju ly 1 to Mar. 31_ 1,266,049 1,081,714
_
465,156
410,839
2,133
2,250
B ath A H am m ’ds.bM ar.
683
747
Ju ly 1 to Mar. 31. ..
33,519
28,794
12,778
18,507
13,106
14,421
Belial re Z. A Gin... Mar.
1,547
2,878
39,921
Jan. 1 to Mar. 3 1 _
_
41,758
6,987
9.163
5,719
3,599
2,374
Bellefonte C entralbA pr.
213
Jan. 1 to Apr. oO__
14,381
18,939
7,507
2,915
Boston A M aine b—
Jan. 1 to Mar. 31_ 7.112,257 6,814,186 1,938,775 1,915,588
_
Ju ly 1 to Mar. 3 1 .... 23,792,650 23,055,892 6,972,771 6.970.741
B rld g t. A Saco R .bM ar
2,714
3,543
399
842
Ju ly 1 to Mar. 3 1 ....
31,813
30,912
9,210
7,887
21
Buff.Att AA rcade...M ar.
2.304
2,135
644
Ju ly 1 to Mar. 3 1 ....
18,975
19,810
3,326
2,710
189,675
Buff. R. A P lttb s .b .M a r.
516,541
486,968
227,745
Ju ly 1 to Mar. 3 1 .... 4,708,033 4,289,549 1,991,860 1,816,781
25,400
Buflalo A 8’squeh.aM ar.
65,590
56,830
20,721
277,346
Ju ly 1 to Mar. 3 1 ....
629,237
531,985
228,812
S arl.C ed. R.A No.a.M ar.
438.307
386,452
185,793
112,941
537,592
Jan. 1 to Mar. 3 1 .... 1,280,187 1,200,472
395,114
C anada A tlantic.h.F eb.
123,195 106,871
34,888
11,713
340,922
Ju ly 1 to Feb. 2 8 .... 1,187,097 1,172,246
206,593
C anadian P acific.a.M ar. 2,953,770 2,500,619 1,054,915
918,336
Ju ly 1 to Mar. 3 1 ....2 7 ,8 2 2 ,1 5 2 22,816,867 10,780,576 8,796,850
5,676
2,353
Cane B e lt................. Mar.
2,813
12,387
48,674
18,696
Ju ly 1 to
Mar.3 1 .... 130,734 39,411
572,502
53,238
67,729
Cent, of G eo rg ia.a.M ar.
631,708
Ju ly 1 to Mar. 3 1 .... 6,106,240 5,524,860 1,721,638 1.719.741
18,343
52,410
13,520
C entral New E ng.b.M ar.
47,850
534,035
136,269
123,575
Jn ly 1 to Mar. 31_
_
449,309
462,874
444,394
Gent, of N. Je rsey .a.F eb . 1,217,279 1,164,482
Jan . 1 to Feb. 2 8 .... 2,526,792 2,570,501 1,004,952 1,098,738
457,199
590,879
c e n tra l Paolflo. b...M ar. 1,466,185 1,576,810
Ju ly 1 to Mar. 3L._.. 15,193,285 14,418,316 5,636,605 5,624,858
815 def.3,438
CUattan’ga S outh.aA pr.
9,285
5,570
Ju ly 1 to
Apr.3 0 .... 79,963 79,041 def.22,073 def.25,303
504,568
411,127
C iesap . A Ohio b .M a r . 1,434,081 1,264,373
------------Ju ly 1 to Mar. 3 1 .... 12,478,825 11,575,730 4,692,357 4,430,861
176,232
210,165
Chioago A A lto n .a . Apr.
662,058
661,637
Ju ly 1 to Apr. 3 o .... 7,794,197 7,531,769 2,535,433 2,582,102
O H I O . B url. A O m n.bM ar.
4,163,014 3,940,067 1,559,160 1,391,174
Ju ly 1 to Mar. 3 1 ....4 0 ,6 1 5 ,7 5 7 37,754,832 15,690,141 14,124,241
484,080
438,235
205,943
187,743
Uhio. A E a st. 111.b.. Apr.
Ju ly 1 to Apr. 3 0 _ 5,246,406 4,769,109 2,396,764 2,0*2,687
_
578,968
569,318
167,514
179,967
Uhio. G t. W est’n .b .A p r.
Ju ly 1 to Apr. 3 o — 6,374,466 5,813,550 1,800,315 1,804,230
386,327
338,012
147,950
115,199
Ohio. Ind.A L ouis. a.M ar.
Ju ly 1 to Mar. 3 i _ 3,375,208 3,043,066 1,291,274 1,089,377
_
Calc. M. di 8 t. P .a ..M a r. 3,740,369 3,530,905 1,367,226 1,240,744
Ju ly l t o Mar. 31 ...3 4 .8 1 7 ,1 0 0 32,3S6,634 12,507,850 11,709,723
Calc. R .I. A P a o .a d M ar. 2,214,010 2,064,950 1,189,618
802,276
Apr. 1 to Mar. 3 1 ....2 9 ,3 3 4 ,6 9 4 26,006,074 11,079,969 8,900,981
53,942
C ilo .T e r.T ra n si.b .M a r.
135,306
112,885
63,330
501,250
Ju ly 1 to Mar. 3 1 .... 1,186,223
1,046,268 851,631
162,982
'C h o ctaw O k .A U .b Jan .
469,564
357,987 188,273
545,103
Nov. 1 to Jan. 3 1 .... 1,428,163
1,087,913 572,653
114,440
Oln. N. O. A T. P .a.M ar.
477,519
445,672 127,194
966,092
Ju ly 1 to Mar. 3 1 .... 4,121,835
3,726,958 1,062,978
357.976
Cl.Om.Ohlo.ASt.L.aMar. 1,460,436 1,385,863
338,821
Ju ly 1 to Mar. 3 1 ....1 4 ,1 2 3 ,3 4 2 13,287,684 S,767,234 3,834,167
76,160
P eoria A E a s t’n.a.M ar.
209,289
207,360
48,515
652,055
Ju ly 1 to Mar. 3 1 .... 1,902,127 1,842,965
510,814
102,005
Ooloi’do A South. b.M ar.
451,690
366,301
115,597
949,744
Ju ly 1 to Mar. 31 .4 ,1 4 0 ,3 0 5 3,569,693 1,110,500
193
Oolum.Newb.A L. b.Mar.
20,343
18,962
S,585
S3,744
Jnly l to Mar. 31 . . .
139,176
138,838 47,401
8,455
Col. Sand. A H ock.bM ar.
91,260
71,791
17.9SS
128,931
Ju ly 1 to Mar. 31 . . .
916,553
789,134 205,491
Cooperstow n& O har.V al.—
„
S.40A
Jan . 1 to Mar. 3 1 ....
12,242
12,597
S.725
5.235
C o rn w all.a................Mar.
7,417
10,444
2,206
33,030
Ju ly 1 to Mar. 3 1 ....
86,358
77,£>83 36,306
18.045
Cornw all A Leban.aM ar.
24,741
23,455
li.4 l3
82,537
Ju ly 1 to Mar. 3 1 ....
264,470
190,2b*
VH.865
36,788
C um berland V al.b.M or.
88,427
81,619
S0,6t».>
78,643
Jan. 1 to Mar. 3 1 ....
263,947
237.378
89,502

THE CHRONICLE

M ay 24, 1902,]

R o a d s.

— Gross E a rn in g s.---- * ,---- R et E a rn in g s.— C u rren t P reviou s
C u rren t P revious
Year.
Y ear.
Year.
Y ear.

$

$

D e la w a r e A H ’d so n C o.H enna. A S a r a to g a b —
1 2 2 ,8 0 0
5 2 8 ,7 9 1
5 5 7 ,9 4 5
Jan . 1 to Mar. 3 1 _
_
N. Y. A C anada b 8 9 ,0 3 3
2 3 7 ,6 3 8
2 3 8 ,3 1 9
Ja n . 1 to Mar. 3 1 . . .
A lb a n y A S u sq . b —
5 6 3 ,6 4 0
Ja n . 1 to Mar. 3 1 . . . , 1 ,1 1 5 ,9 4 2 1 ,2 6 1 ,3 0 6
D e l. L a ck . A W estern —
N . Y. L aok. A W e s t.b —
8 2 2 ,3 5 0
Ja n . 1 to Mar. 3 1 . . . 1 ,7 9 6 ,2 0 6 1 ,9 6 4 ,1 1 7
S y r. B in g . A N . Y .b —
9 7 ,3 5 7
2 2 9 ,7 i 0
2 3 0 ,5 6 8
Jan . 1 to Mar. 31 . .
3 1 6 ,2 6 4
9 0 9 ,7 4 8
8 4 1 ,4 2 0
D e n v . A R io G ’d e.b .M or.
J u ly 1 to Mar. 3 1 . . . . 8 ,8 6 1 ,6 5 5 8 ,6 4 9 ,2 0 2 3 ,2 4 7 ,7 0 5
4 5 ,8 5 0
7 7 ,2 9 1
9 3 ,2 8 2
D e tr o it A M aok’o.aM ar.
6 1 1 ,0 3 3
1 8 4 ,2 8 0
6 4 0 ,2 1 4
J u ly 1 to Mar. 3 1 . .
7 1 ,0 2 3
2 0 1 ,0 2 1
2 0 4 ,7 4 7
D n l. So. 8 b .& A tl. b.M ar.
7 1 1 ,4 1 5
J u ly 1 to Mar. 3 jl. . . . 1 ,9 6 8 ,7 9 4 1 ,8 3 8 ,7 6 0
9 0 4 ,7 9 4
B rie, a .......................... Mar. 3 ,3 6 4 ,9 2 3 3 ,3 9 9 ,6 3 4
J u ly 1 to Mar. 3 1 . . . 3 0 ,7 3 8 ,3 5 4 2 8 ,6 6 0 ,5 6 9 8 ,8 6 7 ,5 2 8
2 ,2 6 2
3 ,1 4 0
3 ,6 2 7
F a ir ch ild & N . Mast.Mar.
9 ,9 7 2
6 ,5 0 5
1 0 ,3 9 1
Jan . 1 to Mar. 3 i . . .
1 ,0 7 5
5 ,2 1 5
6 ,8 5 9
F arm v. & P o wh* tfd . aM ar.
4 ,1 0 8
4 6 ,1 9 8
5 3 ,1 0 1
J u ly 1 to Mar. 3 1 . . .
F o n d a J o h n st. A G lo v .
2 2 ,6 9 4
6 8 ,9 0 3
7 3 ,0 0 3
Jan . 1 to Mar. 3 1 . .. ,
4 3 ,3 4 5
1 6 9 ,0 1 7
1 7 1 ,8 8 4
FC.W.ds D e n O ity .b M a r.
1 4 5 ,0 0 0
5 2 0 ,3 5 0
5 2 8 ,0 7 7
Jan . 1 to Mar. 31 —
1 6 3 ,4 9 2
6 0 ,9 8 5
1 7 9 ,3 8 6
G e o r g ia .a ................ . Mar.
5 5 4 ,2 0 3
J u ly 1 to Mar. S t . . . , 1 ,5 5 2 ,5 1 8 1 ,4 5 0 ,4 0 4
1 3 ,7 1 1
9 3 ,2 0 7
9 1 ,2 6 8
G a. S o u th . A F la .a . Apr.
2 5 8 ,5 0 2
. 1 ,0 4 5 ,3 7 7 1 ,0 1 1 ,3 9 2
J u ly 1 t o Apr.
1 5 ,3 2 2
2 5 ,9 9 9
2 8 ,4 2 8
G ila V a l.G lo b eA N o .M a r.
1 4 1 ,6 6 3
2 7 1 ,5 8 3
2 7 7 ,3 4 8
J n ly 1 to Mar. 3 1 . . .
7 9 8 ,6 0 9
© r, T r a n k o f C a n ,..M a r . 2 ,0 6 8 ,7 9 2 1 ,8 7 6 ,5 6 1
Jan . 1 to Mar. 3 1 _
_ 5 ,4 9 0 ,4 9 8 5 ,3 3 9 ,1 4 7 1 ,7 8 7 ,0 1 5
7 0 ,5 6 6
3 8 2 ,0 2 8
4 2 5 ,8 2 7
Gr. T run k W est...M a r .
1 5 9 ,6 2 5
Jan . l to Mar. 3 1 - .. 1 ,0 7 9 ,8 9 8 1 ,0 5 7 ,0 2 5
8 6 ,6 2 6
8 3 ,2 1 9
2 5 ,3 0 7
D e t. Gr. H . A M il.M ar.
7 8 ,8 3 9
2 6 3 ,2 8 4
2 3 6 ,5 1 7
Jan . 1 to Mar. 3 1 . . .
G reen w ich & J o h n s o n v .3 ,3 6 5
1 0 ,8 1 1
Jan . 1 to Mar. 3 1 . . .
3 4 ,0 3 8
1 0 9 ,1 9 2
8 5 ,4 8 8
G u lf A Ship I s i . . . a. F eb.
6 2 1 ,5 0 5
2 7 0 ,2 7 3
8 9 8 ,7 8 7
J u ly 1 to F eb . 2 8 _
_
1 4 8 ,0 9 8
4 0 9 ,8 2 1
H o c k in g V a lle y .a ..M a r .
3 4 5 ,7 9 3
J u ly 1 to Mar. 3 1 . .. , 3 ,8 3 3 ,4 3 5 3 ,4 9 4 ,0 9 1 1 ,4 5 9 ,2 5 0
3 6 1 ,6 4 0
4 4 3 ,7 9 0
3 8 ,8 4 6
U o u s t. A T e x . O ent.M ar.
J u ly 1 to Mar. 3 1 _
_ 4 ,0 8 2 ,9 6 9 4 ,4 7 6 ,6 5 9 1 ,4 3 8 ,4 9 8
I llin o is C e n tr a l.. .a.M ar. 3 ,5 0 9 ,1 1 6 3 ,2 2 0 .4 3 4 1 ,2 3 2 ,5 3 1
J u ly 1 to Mar. 3 i — 3 0 ,7 5 2 ,6 0 6 2 7 ,8 6 2 ,9 6 2 1 0 ,2 4 8 ,8 1 9
2 2 2 ,0 2 1
1 9 2 .3 6 3
4 5 ,2 7 8
Io w a C en tr a l a . . . Mar.
3 8 5 ,4 6 8
J u ly 1 t o Mar. 3 1 . . . 1 ,9 4 9 ,6 0 8 1 ,7 8 2 ,7 2 6
6 ,0 4 1
3 ,4 2 0
7 ,9 4 9
Ir o n R a ilw a y , b ___Mar.
2 5 ,8 8 0
9 3 ,4 1 2
K a n a w h a A M ich .a.M ar.
8 2 ,5 2 8
1 7 0 ,2 9 2
8 2 6 ,7 1 5
6 9 1 ,9 9 7
J u ly 1 t o Mar. 3 1 . . .
K a n o n a A P r a tt sb u rg—
d e f.1 8 2
3 ,9 4 2
4 ,0 3 2
Jan . i to Mar. 31 —
4 4 6 ,2 2 2
1 7 1 ,8 7 0
5 1 1 ,0 1 9
K a n .C ity S o u th .a ..M a r ,
J u ly 1 to Mar. 31 — 4 ,0 9 7 ,6 7 6 3 ,5 6 3 ,5 6 1 1 ,3 1 0 ,1 4 7
L a k e 8h . A M ich . S o .b —
Jan . 1 to Mar. 3 1 ___ 6 ,8 4 5 ,8 9 7 6 ,6 0 7 ,7 4 8 2 ,3 8 5 ,8 7 5
1 6 6 ,3 0 5
L e h ig h V a l. R R .a -.M a r. 2 ,0 4 2 ,9 8 2 2 ,5 3 1 ,9 0 3
J u ly 1 to Mar. 3 1 . . . 2 1 ,0 7 6 ,1 2 0 1 9 ,6 2 2 ,9 7 3 3 ,8 9 4 ,4 9 7
Le . Y . C oal Oo.a.M ar. 1 ,1 9 2 ,4 1 6 1 ,5 5 6 ,8 8 1 d f.1 5 2 ,0 1 5
J u ly 1 to Mar. 3 1 . .. , 1 6 ,3 2 3 ,8 4 5 1 5 ,1 9 1 ,4 3 5 d f.3 5 6 ,2 3 9
T o ta l b o th co ’s.a .M a r
1 4 ,2 8 9
3 ,5 3 8 ,2 5 8
J u ly 1 to Mar, 3 1 . . .
1 4 ,0 2 1
L e x in g ’n A E a s t.b ..M a r .
3 5 ,0 8 4
2 9 ,4 0 4
1 1 1 ,9 6 4
2 9 7 ,4 8 5
2 6 0 ,2 6 4
J u ly 1 to Mar. 3 1 . . .
L o n g I s la n d b —
9 5 3 ,4 2 3
1 5 ,8 3 4
Ja n . 1 to Mar. 3 1 . . .
8 3 4 ,6 2 6
8 0 7 ,7 8 0
L o u lsv . A N a s h v . b.M ar. 2 ,0 0 6 ,3 7 5 2 ,4 9 8 ,2 4 3
J u ly l to Mar. 3 1 . . . .2 2 ,9 0 4 ,2 0 7 2 1 ,1 2 0 ,6 3 4 7 ,4 5 4 ,5 4 8
8 ,4 7 0
M a co n A B lrm ln g b M a r .
9 ,6 8 1
d ef. 1 ,1 9 0
8 6 ,7 5 4
9 5 ,9 0 8
7 ,9 8 8
J u ly 1 to Mar. 3 1 . . .
M a n h a tta n E le v a te d b Ja n . 1 to Mar. 3 1 . . . . 2 ,8 7 8 ,2 3 6 2 ,5 0 2 ,0 4 3 1 ,4 7 7 ,8 5 8
7 ,8 0 2
9 ,8 0 6 d e f.1 ,8 7 5
M a n istee A Gr. R ap-M ar.
3 3 ,0 7 1
3 2 ,7 9 0
1 8 ,8 6 2
M a n istee & N o. E .a .F e b .
7 2 ,2 4 1
6 6 ,3 2 9
4 4 ,4 6 6
Jan. 1 to Feb. 2 8 . . .
8 ,0 3 4
1 ,5 7 5
M a n istlq u e .to ............Apr.
7 ,9 7 8
2 3 ,6 5 4
3 4 ,0 4 4
8 ,0 9 3
Jan . 1 to Apr. 3 0 . . .
2 0 ,6 2 2
1 9 ,5 3 6
0 ,0 5 3
M arylan d & P e n n ..M a r .
1 9 5 ,2 3 2
1 7 9 ,2 5 5
5 8 ,4 4 9
J u ly 1 to Mar. 31 ..
M ex ica n C e n tr a l...M a r . e l , 8 0 8 ,2 5 8 1 ,5 3 6 ,8 5 4 e 6 2 3 ,2 6 4
Ja n . 1 to Mar. 3 1 . . . e 4 ,8 8 8 ,7 8 4 4 ,3 6 8 ,7 1 1 e l , 6 4 8 ,9 1 3
2 2 0 ,2 0 4
5 1 2 ,2 0 1
M ex . In te rn a tio n a l.M a r .
5 4 0 ,3 7 3
6 3 7 ,8 1 2
Jan . 1 to Mar. 3 1 . . . 1 ,5 7 5 ,8 0 9 1 ,4 7 4 ,7 3 7
3 ,0 1 1
3 ,8 4 3
890
M illen A S o u th w est. Mar.
4 0 ,1 2 4
4 3 ,1 0 3
8 ,4 8 4
M ineral R an g e, h . . . Mar.
0 4 ,0 7 5
4 3 5 ,4 2 3
4 3 8 ,1 9 5
J u ly l to Mar. 31
1 4 1 ,8 6 3
298,1 69
2 8 2 ,4 9 9
M inn. A S t. L ou is.a .M a r.
J u ly I to Mar. 3 1 . . . . 2 ,0 3 6 ,7 0 2 2 ,4 5 8 ,1 6 7 1 ,1 2 2 ,0 3 2
4 5 0 ,3 4 7
3 0 4 ,1 0 6
2 0 7 ,7 3 4
M, St. P. A S. H. M .b.M ar.
J u ly 1 t o Mar. 3 1 . . . , 4 ,0 2 0 ,5 8 5 3 ,2 6 5 ,4 3 2 2 ,5 1 1 ,0 8 7
2 7 1 ,2 6 4
Mo. K an . A I e x a s .a .M a r . 1 ,2 4 0 ,3 3 7 1 ,2 5 9 ,7 0 1
J u ly 1 to Mar. 3 1 . . . 1 2 ,0 1 4 ,0 3 2 1 1 ,7 8 9 ,8 0 0 3 ,7 9 4 ,1 5 4
M issou ri P a d fic . b . . Mar. 3 ,0 6 9 ,2 6 5 2 ,9 3 1 ,8 4 8 1 ,1 7 2 ,6 7 7
Jan. 1 to Mar. 3 1 _
_ 8 ,5 0 3 ,5 1 3 8 ,5 0 0 ,2 9 9 2 ,2 5 3 ,1 6 2
6 7 0 ,6 1 0
6 6 4 ,6 6 3
1 0 8 ,1 4 4
n N a s h . O h.A St.L.fcM ar.
J u ly I to Mar. 3 1 . .. , 5 ,9 1 9 ,1 1 8 5 ,8 5 2 ,0 5 4 1 ,7 9 9 ,9 1 2
7 1 7 ,9 2 1
Jfat’l HR, of M ex,c.M ar.
6 7 5 ,3 1 5
2 2 3 ,0 1 3
Jan, 1 to Mar.
_
_ 2 ,0 8 1 ,3 0 5 1 ,9 0 9 ,4 8 3
6 4 9 ,0 3 5
H er.-C al.'-O regon, a . Mar.
8 ,5 5 5
9 ,5 3 1
3 ,0 1 9
1 1 1 ,9 1 0
1 0 9 ,7 3 2
_
J u ly 1 to Mar. 3 1 _
4 0 ,3 3 1
2 ,4 7 6
N e v a d a C e n tr a l — Feb.
2 ,7 0 0
640
26,081
2 2 ,0 4 6
J u ly 1 to Feb. 2 8 . . .
348
We wb. IPfccb e s s A Co ii n .3 4 ,7 9 2
3 7 ,2 0 8
J an . 1 to Mar. 3 1 . . . .
8 ,1 2 5

$

1 2 2 ,4 2 1
8 0 ,8 7 0
0 9 8 ,8 4 3
8 8 5 ,0 8 7
1 1 7 ,6 8 4
3 8 4 ,1 4 5
3 ,2 4 2 ,0 9 6
2 3 ,8 4 7
1 8 1 ,6 6 2
7 5 ,8 3 4
6 1 9 ,1 8 8
8 9 2 ,2 9 0
7 ,5 9 9 ,7 0 9
2 ,0 4 7
0 ,3 3 1
d e f.8 4 0
d e f.9 ,O i l
1 6 ,8 0 3
4 9 ,6 8 4
1 5 9 ,1 6 7
4 7 ,4 2 5
4 8 8 ,9 7 6
1 6 ,5 3 5
2 6 1 ,0 7 0
1 1 ,0 8 2
1 4 9 ,4 8 3
593*238
1 ,5 7 9 ,6 9 8
7 7 ,3 7 9
1 5 3 ,7 8 5
1 8 ,9 8 0
5 2 ,5 5 9

8 ,2 7 2
1 2 8 ,6 4 1
1 3 0 ,2 5 2
1 ,4 2 7 ,9 6 2
1 3 4 ,9 7 4
1 ,9 9 5 ,9 7 5
1 ,1 8 5 ,7 9 0
8 ,8 7 3 ,0 8 4
5 6 ,9 ) 5
3 1 4 ,6 9 5
1 ,3 7 9
2 3 ,8 0 8
1 4 0 ,2 7 6
1 ,2 0 5
1 3 3 ,1 3 1
9 2 0 ,3 7 9
2 ,4 2 6 ,7 3 3
7 7 1 ,6 0 6
3 ,5 1 3 ,5 4 2
d ef. 3 7 ,2 4 1
df. 4 7 4 ,7 4 3
7 3 4 ,3 6 5
3 ,0 3 8 ,7 9 9
1 1 ,6 7 9
9 7 ,6 9 0
1 4 ,9 4 3
8 7 8 ,5 7 7
7 ,7 9 3 ,9 0 0
def. 1 ,7 8 6
d e f.6 2 0
1 ,1 5 3 ,9 0 7
ICO
1 8 ,7 0 0
3 7 ,0 6 6
3 ,7 5 5
1 9 ,5 2 1
6 ,8 7 9
4 3 ,0 0 3
4 3 6 ,4 0 1
1 ,2 1 9 ,5 7 8
2 3 2 ,3 4 7
6 5 5 ,8 8 9
586
795
7 4 ,8 9 1
1 3 9 ,8 3 8
1 ,0 4 3 ,1 9 3
1 6 4 ,6 9 1
1 ,3 7 9 ,8 8 1
2 8 5 ,4 1 9
3 ,6 7 3 ,3 0 7
1 ,0 4 7 ,7 4 0
3 ,0 8 6,45b
2 2 1 ,9 6 9
1 ,9 8 8 ,7 8 8
2 3 5 ,4 9 7
0 1 5 ,9 2 2
2 ,3 1 0
3 7 ,5 7 0
d e f.2 1 7
4 ,1 7 8
7 ,1 0 5

R oasts.

1083
— Cross E a rn in g s.—
C u rren t P reviou s
Y ear.
Year.
&
%

— Net E a rn in g s.---- *
C u rren t P revious
Year.
Year.

%

%

N ew J e r s e y A N e w Y ork b
Jan. 1 to Mar. 3 1 . . . .
7 5 ,0 6 2
7 2,39ft
1 9 ,1 1 2
9 ,3 6 5
N ew L on don N o r th e r n —
4 9 ,1 0 4
Jan . 1 lo Mar. 3 1 . . . .
2 2 3 ,5 3 6
2 1 9 ,3 7 8
2 8 ,3 6 2
N. Y. C hic. A S t. L. b —
4 4 4 ,8 8 7
Jan . 1 to Mar. 3 1 . . . . 1 ,7 5 4 ,6 4 5 1 .7 8 5 ,5 2 7
4 3 4 ,7 6 1
N. Y. N. II. A H a r t.b —
Jan . 1 to Mar.
9 ,7 2 7 ,2 1 0 8 ,9 4 9 ,8 3 7 2 ,4 5 2 ,5 9 8 2 ,2 4 1 ,8 8 6
J u ly 1 to Mar. 3 1 ....3 1 ,9 5 4 ,0 0 6 2 9 ,5 3 2 ,3 1 0 9 ,8 2 6 ,2 8 8 9 ,0 7 6 ,4 6 7
1 1 3 ,5 0 2
4 4 6 ,2 8 4
N. Y. O n t. A W est.a M a r.
1 0 1 ,9 6 2
4 6 2 ,4 2 8
J u ly 1 to Mar. 3 1 . . . . 4 ,3 5 5 ,0 0 5 3 ,8 6 5 ,4 2 7 1 ,1 6 9 ,7 2 9 1 ,1 4 2 ,0 7 5
N. Y. A O tta w a —
1 9 ,2 4 0 d e f.3 ,5 5 2 d ef. 1 4 .3 0 0
Jan . 1 to Mar. 3 1 . . . .
2 2 ,6 5 7
N . Y . A P e n n s y lv a n ia —
1 8 ,6 0 6 d e f.4 ,7 8 5
2 ,6 5 2
Jan . 1 to Mar. 3 1 ----1 9 ,2 1 6
N . Y . A K o c k a w a y B .—
2 1 ,1 7 2 d e f.1 0 ,8 2 2 d ef. 1 7 ,2 7 3
2 4 ,1 6 6
Jan . 1 to Mar. 3 1 . . . .
8 0 ,2 7 2
2 3 0 ,3 9 2
1 9 6 .4 1 7
N. Y . S u s. A W est.a .M a r.
1 0 3 ,0 9 9
9 7 1 ,8 0 1
J u ly 1 to Mar. 3 1 ----- 2 ,0 8 9 ,0 3 6 1 ,8 8 8 ,9 0 3
8 1 1 .5 2 5
5 8 8 ,4 4 3
N o rfo lk A W est’n .a .M a r. 1 ,4 8 6 ,8 6 5 1 ,4 2 1 ,0 8 6
5 5 8 ,5 1 1
J u ly 1 to Mar. 3 1 ... .1 2 , 9 5 8 ,4 1 4 1 2 ,2 7 4 ^ 7 2 5 ,4 6 9 ,9 6 2 4 ,0 6 4 ,9 1 6
1 7 4 ,7 9 6
o rth er n C en tr a l, b Mar.
6 7 1 ,3 1 0
0 4 5 ,2 1 0
1 6 9 ,8 9 6
5 4 8 ,9 0 8
Jan . 1 to Mar. 3 1 . . . . 2 ,0 1 1 ,6 2 5 1 ,9 1 1 ,4 2 5
4 5 9 ,5 0 8
N o rth e rn P a c if ic .b . Feb. 2 ,8 0 5 ,5 1 8 2 ,0 6 6 ,7 1 8 1 ,3 6 3 ,3 9 7
9 4 2 .5 2 6
J u ly 1 to F eb. 2 t t . . . . 2 8 ,2 0 6 ,1 7 2 2 1 ,6 3 0 ,6 8 1 1 4 ,3 4 3 ,8 7 8 1 1 ,0 0 7 ,9 0 2
P a cific C o a st C o m p a n y - S e e M is c e lla n e o u s C o m p a n ie s.
P e n n s y lv a n ia —
L in es d ir e c tly o p e r a t e d
| E a st o f P itts.A E .M a r . 8 ,6 8 6 ,1 0 4 8 .2 3 8 ,9 0 4 2 ,6 8 6 ,9 1 9 2 ,6 5 4 ,9 1 9
*j Jan . 1 to Mar. 3 1 ....2 4 ,8 2 2 ,1 0 2 2 3 ,4 2 4 ,3 0 2 7 ,4 3 6 ,2 1 5 7 ,3 4 6 ,5 1 5
D ec. 3 ,4 0 0
tf ea t o f P it t s . A E.M ar.
In c. 3 9 0 ,7 0 0
In c. 2 5 6 ,1 0 0
Ja n . 1 to Mar. 3 1 . . . .
In c. 1 ,2 8 5 ,8 0 0
8 3 2 ,3 5 5
0 9 5 ,2 1 5
P er e M a r q u e tte .a .. Mar.
2 1 5 ,4 5 4
1 2 9 ,5 9 0
4 5 5 ,3 8 6
Ja n . 1 to Mar. 3 1 . . . .. 2 ,2 8 0 ,3 7 0 1 ,9 7 3 ,9 5 4
3 3 3 ,1 2 2
4 8 6 ,1 2 9
4 7 5 ,0 6 1
1 5 1 ,5 5 9
-P h ila . a E rie, b .. - .. M an
1 6 0 ,8 9 6
3 9 6 ,8 8 4
Ja n . 1 to Mar. 3 1 . . . . 1 ,3 5 8 ,7 9 0 1 ,3 2 8 ,3 0 6
3 8 8 ,8 6 2
9 6 3 ,6 0 7
2 8 6 ,2 1 8
P hil. W H i d . A B& it.bM ar.
9 8 3 ,3 0 7
2 0 7 ,9 1 8
N ov. 1 to Mar. 3 1 . . ... 4 ,6 5 3 ,7 2 5 4 ,0 4 7 ,8 2 5 1 ,3 4 8 ,7 1 3 1 ,3 5 3 ,0 1 8
3 ,2 1 1
2 ,2 1 4
1 ,7 3 5
P in e B lu fi A A rk. R .M ar.
1 ,0 6 2
2 2 ,5 8 6
2 8 ,2 7 4
1 2 ,9 2 9
1 1 ,0 5 2
J u ly 1 to Mar. 3 1 . . . .
4 3 6 ,7 9 1
4 3 9 ,1 0 4
F it t s . O. C. A S t.L .a .A p r,. 1 ,7 9 2 ,1 2 5 1 ,6 4 2 ,8 4 7
..
Ja n . 1 to Apr. 3 0 ----- 7 ,1 0 5 ,9 7 4 6 ,4 9 1 ,2 4 4 1 ,8 7 5 ,1 4 5 1 ,7 4 4 ,0 3 9
P itts: S lia w m u t A N o .—
1 4 7 ,2 0 3
5 2 ,4 8 2
Jan . 1 to Mar. 3 1 . . .
3 0 0 ,7 1 3
2 9 9 ,0 0 4
P itts.A W est. S y s.b .J a n .
6 6 ,9 8 6
9 5 ,2 5 5
- 2 ,6 2 4 ,2 9 9 2 ,3 0 3 ,6 4 1
9 1 6 ,1 4 1
J u ly 1 to Jan . 3 1
7 8 5 ,0 3 8
P o rt J ’rv is M ont, A N . Y .—
Jan . 1 to Mar. 3 1 , . . .
1 2 ,0 0 3
1 1 ,1 2 7 d e f.2 ,8 8 3
d e f.5 9 5
R ea d in g C o m p a n y —
A R ea d ’g. b.M ar.. 2 ,4 6 5 ,2 7 4 2 ,4 1 5 ,7 5 2
8 9 7 ,0 6 5
8 0 6 ,5 1 3
J u ly 1 to Mar. 3 1
.2 2 ,5 4 1 ,4 9 5 2 0 ,9 2 3 ,3 3 7 8 ,6 0 7 ,8 7 1 7 ,1 2 2 ,9 2 4
Goal A Ir o n C o. b .M ar.. 1 ,7 7 2 ,2 8 6 2 ,0 4 3 ,3 2 0
4 7 ,0 1 3
1 6 1 ,8 2 9
..2 1 ,9 2 8 ,9 0 4 2 1 ,1 2 9 ,6 8 2 1 ,8 2 6 ,1 0 4 1 ,6 6 4 ,9 2 8
J u ly 1 to Mar. 3
T o ta l b o th C o.’s.bMar^ 4 ,2 3 7 ,5 6 0 4 ,4 5 9 ,0 7 2
,
9 6 8 ,3 4 2
9 4 4 ,0 7 8
J u ly 1 to Mar. 3 1 — .4 4 ,4 7 0 ,3 9 9 4 2 ,0 5 3 ,0 1 9 1 0 ,4 3 3 ,9 7 5 8 ,7 8 7 ,8 5 2
R ea d in g C o. b . . . . . Mar.
7 8 ,9 0 2
1 3 ,2 2 9
J u ly 1 to Mar. 3 1 . . .
8 0 4 ,3 4 7
1 8 6 ,6 4 6
a ...........
T o ta l a ll C om p's.bM ar.
1 ,0 2 2 ,9 8 0
9 8 1 ,5 7 1
J u ly 1 to Mar. 3 1 . . ..
1 1 ,2 3 8 ,3 2 2 8 ,9 7 4 ,4 9 8
9 6 ,1 2 2
R ich . F red . A P o t..M a r .
9 2 ,3 1 4
3 0 ,0 4 0
3 0 ,6 3 8
J u ly 1 to Mar. 3 1 . .
7 9 7 ,6 0 7
7 3 9 ,5 4 0
2 7 4 ,3 5 2
2 9 5 ,3 6 8
R io G ran d e J n n o t..M a r .
3 9 ,7 0 2
f 1 2 ,3 4 3
4 1 ,1 4 5
f 1 1 ,9 1 0
D eo. 1 to Mar. 3 1 . . . ..
1 6 8 ,0 1 0
1 5 8 ,9 2 1
T 5 0 ,4 0 3
f 4 7 ,6 7 6
E io G ra n d e S o u th , h Mar.
4 0 ,6 4 2
1 8 ,4 7 4
3 9 ,8 7 8
1 7 ,7 9 7
J u ly 1 to Mar. 3 1 .,....
4 1 7 ,9 0 1
4 3 0 ,1 6 1
1 9 4 ,8 0 1
1 9 7 ,1 7 3
3 8 6 ,3 5 2
R io G ra n d e W est.b .M a r.
4 0 0 ,7 3 2
1 6 9 ,3 7 9
1 4 4 ,3 3 0
J u ly 1 to Mar.
4 ,0 0 2 ,9 0 3 3 ,5 9 1 ,6 1 7 1 ,5 9 1 ,3 9 7 1 ,1 9 0 ,4 7 5
R u tla n d —
Jan . 1 to Mar. 3 1 ----.
4 3 4 ,9 1 0
6 3 ,8 6 6
1 0 7 ,9 3 1
81. J o s . A Gd. I s l.a .M a r .
1 1 4 ,8 3 6
3 4 ,6 5 7
4 2 ,0 0 0
3 3 8 ,4 6 0
J u ly 1 to Mar. 3 1 . . ... 1 ,0 3 7 ,1 4 7 1 ,0 4 7 ,9 0 7
3 8 8 ,2 1 2
1 8 ,3 8 4
7 ,7 0 3
7 ,2 2 2
S t. L o u is A |N . A rk .b M ar.
2 ,9 5 7
1 7 4 ,0 1 9
6 9 ,2 0 7
7 9 ,7 1 5
J u ly 1 to Mar. 3 1 . . . .
3 0 ,6 5 6
5 7 8 ,4 4 2
K S t.L o u is A S a h F .b M ar.. 1 ,8 1 7 ,1 1 7 1 ,6 0 3 ,1 0 5
5 8 3 ,6 0 9
J u ly l to Mar. 3 l . . . .1 6 ,4 7 9 ,9 2 9 1 4 ,5 0 0 ,3 2 7 6 ,7 3 8 ,4 6 7 6 ,0 4 0 ,4 9 2
6 2 1 ,4 3 6
1 6 6 ,9 8 1
B t.L ouis S ,w e s t .b § Mar.
6 0 3 ,8 2 6
2 1 7 ,3 4 7
J u ly 1 to Mar. 3 1 . . . 5 ,6 4 4 ,0 8 4 5 ,7 8 5 ,7 7 7 1 ,6 8 4 ,7 2 6 2 ,4 1 8 ,9 3 3
S t. L o u is V a n d . A T. H .
5 0 8 ,0 6 4
Ja n . 1 to Mar. 3 1 . . . .
4 8 5 ,3 9 8
1 6 0 ,5 3 4
1 7 2 ,5 1 1
S an A n t. A A ra n . P. aM ar.
1 7 3 ,2 8 2
1 9 2 ,0 0 2
1 4 ,7 2 4
d e f.2 ,1 1 0
J u ly 1 to Mar. 3 1 . . . . 1 ,9 1 8 ,9 0 8 2 ,0 7 0 ,9 2 9
5 0 8 ,8 1 4
6 4 4 ,9 8 5
8 1 ,7 2 9
San F r. A N . P a o .a .A p r .
7 9 ,7 9 1
6 ,8 2 5
1 8 ,5 2 9
9 1 9 ,5 3 2
J u ly 1 to Apr. 8 0 . . . ..
8 4 6 ,8 0 1
2 5 4 ,1 8 5
2 8 6 ,5 3 4
8 0 6 ,9 7 2
b 8 a v .F la . A W e st.b Mar.
7 7 5 ,6 5 5
3 0 4 ,4 8 3
2 8 9 ,9 9 9
J u ly 1 to Mar. 3 i ___. 6 ,3 5 7 ,9 0 8 6 ,1 0 9 ,3 2 0 2 ,1 1 8 ,7 3 5 2 ,0 3 4 ,8 5 3
S ch oh arie V a lle y —
3 ,2 6 6
Jan . 1 to Mar. 3 1 . . .
3 ,0 4 5
1 ,8 4 0
1 ,6 5 8
Seab oard A ir L in e aM ar. 1 ,0 5 4 ,5 0 8 1 ,0 5 4 ,6 9 8
2 9 8 ,0 5 5
3 5 4 ,0 5 2
J u ly 1 to Mar. 3 1 . . - 3 ,5 6 7 ,1 0 1 8 ,1 5 2 .8 9 6 2 ,0 4 9 ,0 5 2 2 ,0 2 2 ,2 5 7
i o u th er n P ao.C o.aM ar.. 0 ,5 2 8 ,2 2 0 6 ,4 4 5 ,7 8 0 1 ,5 0 3 ,1 6 0 1 ,8 8 4 ,6 1 0
J u ly 1 to Mar. 3 1 . . . .6 3 ,4 3 5 ,9 7 1 5 7 ,1 8 0 ,8 2 3 2 1 ,5 4 8 ,4 1 1 1 9 ,8 2 5 ,1 1 4
C arson A C o lo ..b .M a r.
2 9 ,2 9 3
1 4 ,9 2 1
1 9 ,5 0 4
0 ,7 7 3
C en tra l P a c ific . b. Mar.. 1 ,4 6 6 ,1 8 5 1 ,5 7 5 ,8 1 0
4 5 7 ,1 9 9
5 9 0 ,8 7 9
J u ly 1 to Mar. 3 i . . . . 1 5 ,1 9 3 ,2 8 5 1 4 ,4 1 8 ,3 1 6 5 ,6 3 6 ,6 0 5 5 ,6 2 4 ,8 6 8
D ir e c t N a y . C o .b Mar.
7 ,0 7 6
1 0 ,0 4 0 d ef. 3 ,7 7 0 d e f.1 3 ,1 1 3
G a i.H a r.A S a n A .b M a r.
5 3 7 ,6 8 9
5 9 8 ,9 9 5 d e f.5 4 ,1 8 1
2 8 ,2 1 4
J u ly 1 to Mar. 8 i . . . . 5 ,4 4 9 ,0 2 2 5 ,0 6 9 ,7 9 0 1 ,2 3 5 ,4 4 9
9 1 0 ,4 7 2
G al. IIo u s.A N o.b .M ar.
2 3 ,5 8 4
3 1 ,0 4 6 d ef. 1 5 ,5 3 0 d e f.8 ,5 0 0
G u lfW . T .A P a o .b M a r.
9 ,6 2 4
9 ,1 7 4 derf.4,500 d e f.2 ,4 3 5
H o u st.E .A W .T . b.M ar.
7 0 ,5 2 2
7 5 .6 1 8
1 8 ,4 0 2
1 7 ,4 8 7
7 2 1 ,5 4 1
J u ly 1 to Mar. 3 1 . . . .
6 6 2 ,4 3 0
2 3 2 ,5 9 4
2 1 9 ,3 0 4
3 ,1 8 7
H o u st.A S hrev e.b M a r.
1 8 ,2 9 4
1 3 ,9 6 8
4 ,4 5 9
J u ly 1 to Mar. 3 i . _ .
1 7 7 ,0 8 7
5 6 ,0 2 6
1 4 5 ,8 0 9
6 8 ,4 2 9
Ib eria A V erm 11. b. Mar.
4 ,9 9 3
3 ,4 1 2
3 ,2 1 1
1 .5 8 0
1 4 5 ,8 3 4
5 1 ,2 9 0
1 5 9 ,7 8 0
L o u isia n a W est, b.M ar.
5 3 ,8 7 8
6 8 2 ,9 0 0
J u ly 1 to Mar. 3 i ___. 1 ,4 4 1 ,2 3 3 1 ,2 5 4 ,0 7 7
5 3 4 ,1 9 7
1 1 7 ,5 0 0
M'g’n ’sL a .A T e x . L Mar.
4 0 3 ,2 8 3
6 3 9 ,6 0 6
1 9 6 ,8 4 9
J u ly 1 to Mar. 3 1 . . . . 5 ,9 5 4 ,0 3 6 0 ,0 2 7 ,6 4 5 2 ,4 9 1 ,6 1 5 2 ,2 8 0 ,5 2 0
2 3 ,4 7 0
N . M cx. A A rlz. b .M ar.
2 0 ,8 5 3
d e f.3 ,3 0 7
4 ,8 7 4

THE CHRONICLE

1084
Roads.

f- —drot» E arnings.— s > Net Earnsngs. --------C urrent P'tiViQUH
C urrent Previous
Y+ar.
Year.
Year.
Year.
»
$
•

S outhern Fao. (Ooncl.)
flf. Y. T ex . * M b Mar.
24,809
2 1 ,4 7 2
J u iy 1 to Mar. 31 . .
2 1 0 ,6 5 8
275 ,5 7 6
Oregon A Calif, b Mar.
2 4 9 ,1 6 6
287,991
Sonora R a ilw ’y .b Mar.
49 3 30
49,4 5 3
66,681
So. P ao. C oast, b Mar.
68 ,9 2 7
So. Pao. o f a riji.b Mar.
446 ,1 3 2
3 8 6 ,0 3 5
Ju ly 1 to Mar. S i ___ 3 ,6 0 8 ,0 7 8 3 ,1 6 6 ,4 0 6
So. P ac. o f C al.b .M ar. 1 ,7 0 0 ,9 9 5 1,644 ,7 9 4
Ju ly 1 to Mar. a t — 1 6 ,2 4 4 ,5 3 6 1 3 ,9 2 1 ,1 8 3
2 1 9 ,2 4 6
So. Pao. of N M.b Mar.
2 2 3 ,8 0 6
J u ly 1 to Mar. 3 1 ___ 1,98 8 ,3 6 2 1 ,7 0 1 ,9 9 5
T e x a s A N. Orl. h . Mar.
2 4 3 ,3 6 7
257 ,3 7 9
J u ly 1 to Mar. 3 1 ___ 2 ,2 1 2 ,6 5 7 2 ,0 5 5 ,1 6 6
S ou th ern R allw 'y.aM ar. 3 ,2 1 2 ,0 2 1 3 ,1 8 8 ,9 1 5
J u ly 1 to Mar. 31
2 9 ,4 2 3 ,4 6 0 2 7 ,3 4 1 ,1 4 2
S ta ten Islat-d R a ilw a y —
Jan. 1 to Mar. S i . . .
32,552
29 ,7 3 5
T erre H. A In d ia n a p o lis.
Jan. 1 to Mar. 3 1 . . .
4 1 8 ,1 8 0
3 7 1 ,6 5 0
T erre H au te A P eo ria —
Jan. 1 to Mar. 3 1 ___
116,448
1 3 8 ,9 7 6
3 4 ,4 4 2
T e x a s C entral «
Mar.
5 5 ,6 4 6
5 4 7 ,5 4 6
J u ly 1 to Mar. S I . . . .
492,3 0 8
T oledo A O. C en t.a.M ar.
2 3 2 ,8 2 5
2 0 2 ,9 0 2
Ju ly 1 to Mai-. S i ___ 2 ,1 3 6 ,3 7 3 1 ,8 9 1 ,9 6 1
80 ,9 5 2
T ol.P eoria A W est !)Apr.
8 4 ,3 9 9
J u ly 1 to Apr. 3 0 ___
9 4 7 ,7 3 5
9 6 9 ,1 6 9
T oronto H am . A Buffalo—
4 0 4 ,1 1 4
Jan. 1 to D ec. 3 1 ___
491,181
U lste r A D ela w a r e—
104 ,6 0 6
9 6 ,6 8 9
Jan. 1 to Mar. 3 i ___
U n ion Pac.8yBtTua.M ar. 3 ,4 7 6 ,8 5 9 3 ,2 9 4 ,3 1 3
Ju ly 1 to Mar. 3 1 ___ 3 6 ,1 8 9 ,3 0 9 3 2 ,9 2 6 ,0 5 4
U . 8. A C anada—
12,947
7 ,1 5 4
Jan. 1 to Mar. 3 1 ___
1 ,5 5 1 ,5 5 6 1,467 ,3 0 8
W a b a s h .b .... ------Mar.
J u ly 1 to Mar. 3 i ___ 1 4 ,5 4 5 ,5 5 8 1 3 ,3 6 0 ,3 0 5
2 4 3 ,7 1 0
2 8 5 ,7 1 0
W. J e r se y A 8p«sh.hM ar.
6 5 2 ,4 6 4
6 1 0 ,5 6 4
Jan. 1 to Mar. 3 1 ___
217,8 5 2
W heel. A L. E r ie . b . Apr.
310 ,3 7 3
J u ly 1 to Apr. 3 0 . . . . 2 ,8 6 3 ,8 3 6 2 ,4 6 5 ,7 4 7
4 ,793
4 ,8 2 4
W ichita V a lle y .a — Mar.
14,271
Jan. 1 to Mar. 3 1 ___
18,1 5 8
8,521
9 ,5 9 4
W’ruso’rt A N o.B r.aM ar.
J u ly i to Mar. 3 1 ___
9 8 ,2 9 9
8 4 ,4 8 9
5 0 1 ,8 0 4
4 3 2 ,1 0 6
W isconsin C entral bMar.
J u ly 1 to Mar. 3 1 ___ 4 ,4 2 2 ,6 4 1 3 ,9 1 4 ,2 6 2
12,785
13,678
W righ tsv.A T enn .b M ar.
1 1 5 ,5 0 9
1 3 2 ,1 1 4
J u ly 1 to Mar. 3 1 ___
6 5 5 ,8 5 5
5 0 6 ,0 0 0
Y azoo A M lss. V a l.a Mar.
J u ly 1 to Mar. 3 1 ___ 5 ,1 4 3 ,3 7 6 4 ,9 0 1 ,8 5 3

5 ,1 1 7 def. 2,938
1 0 1 ,1 7 7
5 8 ,7 9 5
6 9 ,0 1 7
4 2 ,9 7 0
11 ,1 4 6
18 ,1 4 4
d tf.7 ,2 6 4 d ef.2 9 ,6 0 0
2 1 3 ,5 1 8
18 9 ,7 9 7
1 ,8 5 8 ,1 0 2 1 .6 7 1 ,0 8 6
5 3 6 ,9 1 6
61 8 ,2 3 7
6 ,3 8 6 ,6 3 9 5 ,5 6 4 ,4 9 5
11 6 ,1 8 2
1 3 3 ,0 1 0
1 ,2 1 8 ,9 6 0 1 .0 4 9 ,7 6 0
1 ,375
7 3 ,8 4 9
4 2 5 ,5 2 4
7 20.011
7 7 5 ,6 0 5
9 9 0 ,5 9 1
8 ,5 7 7 ,0 2 6 8 ,6 6 7 ,3 0 4

(VOL. LXXIV
— in t., ren tals, etc.—

Roads.

C urrent
Year.

9

A tla n tic A Blrm ’gh..Apr.
2,083
J u ly 1 to Apr. 3 0 . . . .
2 0 ,8 3 3
B e lle fo n te C entral..A pr.
550
Jan. 1 to Apr. S o . . . .
2 ,2 0 0
B o sto n A M aine—
Jan. 1 to Mar. 3 1 . . . . 2 ,0 2 7 ,2 7 8
J u ly 1 to Mar. 3 1 . . . , 6 ,0 3 1 ,7 4 8
Cent. N ew E n g la n d . Mar.
1 2 ,4 4 9
Ju ly 1 to Mar. 3 4 . . . .
110,051
Ohio. Burl. A O aluu) Mar.
8 0 0 ,0 0 0
J u ly 1 to Mar. S i . . . . 7 ,2 0 0 ,0 0 0
Ohio. A E. Illin o is,. Apr.
12 8 ,1 7 4
July 1 to Apr. 3 o ___ 1 ,3 1 0 ,0 9 8
Chic. R. Isl. A P ac.. Mar.
3 5 0 ,0 2 8
Apr. 1 to Mar. 3 1 . . . . 3 ,8 5 9 ,0 2 8
Choc. O kla. A G u lf Jan.
5 5 ,6 3 6
Nov. 1 to Jan. 3 1 . . . .
1 5 9 ,0 2 7
d tf. 14,354 d ef.8 ,5 5 3
Olev. Cin.Ch. A 8 t. L Mar.
2 3 9 ,1 9 2
J u ly 1 to Mar. 3 1 . . . . 2 ,0 9 9 ,7 9 3
11 0 ,4 6 4
127,893
3 3 ,6 8 9
P eo ria A E a s t ___Mar.
Ju ly 1 to Mar. 3 1 . . . .
3 0 3 ,1 9 6
d ef.2 ,7 0 3
38 ,1 2 0
Col. Sand. A Hook. Mar.
7 ,1 4 3
9 ,4 8 4
26 ,0 7 5
J u ly 1 to Mar. 3 1 . . . .
6 5 ,6 5 2
2 2 3 ,8 0 5
3 0 1 ,2 6 4
C ooperst’n & O har.V al.—
4 8 ,8 6 8
4 2 ,0 0 6
Jan. 1 to Mar. 3 1 . . . .
2 ,923
4 4 3 ,6 0 5
4 5 8 ,9 1 9
D ela w a re A H u d so n —
9 ,5 1 0
15,490
R en ss, A S a ra to g a —
2 3 1 ,4 1 8
23 9 ,9 2 8
Jan. 1 to Mar. 3 1 . . . ,
3 0 6 ,4 3 2
N. Y. & CaD»da—
1 9 0 ,8 7 9
14 6 ,7 1 3
Jan. 1 to Mar. 3 1 ___
9 1 ,8 5 8
A lb an y A S uequ ch .—
2 0 ,6 5 3
1 2,256
Jan. 1 to Mar. 3 1 ___
3 0 9 ,0 0 5
1 ,3 8 0 ,3 0 2 1 ,3 6 2 ,6 6 6 D el. L ack. A W est.—
1 7 ,2 8 1 ,7 6 9 1 4 ,4 8 5 ,6 8 5
N . Y. Lack. A W est.—
Jan. 1 to Mar. 3 1 ___
6 1 6 ,4 2 8
2,018
1 ,9 4 5
Syr. B ing. A N. Y . 4 4 5 ,6 1 4
4 0 4 ,1 0 1
Jan. 1 to Mar. 3L___
4 6 ,4 0 5
4 ,3 4 5 ,8 2 4 3 ,7 7 3 ,4 1 6 Uen. A R .G ra n d e ..M ar.
2 1 5 ,7 4 0
8 4 ,5 1 8
5 4 ,4 1 8
J u ly 1 to Mar. 3 1 . . . . 1 ,8 8 3 ,4 8 1
7 3 ,7 0 6
7 9 ,7 0 6 D al. So. Bh. A A tl...M ar.
7 8 ,6 4 2
9 5 ,5 0 9
40,170
J u ly 1 to Mar. s i . . . .
7 0 7 ,7 7 5
7 5 8 ,2 5 2 H ocking V a lle y ___Mar.
7 7 9 ,9 0 6
7 1 ,7 3 9
842
2 ,0 2 5
7 1 7 ,1 0 4
J u ly 1 to Mar. 3 1 ___
4 ,8 7 2
8 ,7 2 7 K anaw ha A Mi oh. ..M ar.
1 2 ,2 8 4
2 ,781
4 ,0 9 2
J u ly 1 to Mar. 3 1 . . . .
1 0 3 ,7 5 0
4 1 ,1 5 7
2 7 ,5 0 5 K an ona & P ra ttsb u rg —
1 6 9 ,5 4 3
1 3 7 ,1 8 3
Jan. 1 to Mar. 3 1 . . . .
1,191
1 ,5 4 0 ,1 8 1 1 ,3 6 0 ,3 0 6 Long Isla n d R R .—
3 ,8 0 7
4 ,7 8 9
3 6 2 ,0 4 4
Jan. 1 to Mar. 3 1 —
4 3 ,8 5 9
56 ,6 4 7 M anistee & N o. E ...F e b
6 ,051
1 6 4 ,5 5 7
1 3 2 ,0 8 5
12,101
Jan. l to Feb. 2 8 ___
1 ,6 9 0 ,9 0 1 1 ,9 4 4 ,0 7 8 M anhattan E le v a te d —
Jan. 1 to Mar. 31 —
6 5 8 ,3 3 6
a N e t ea r n in g s h ere g iv e n a re a lt e r d e d u c tin g t a x e s ,
M ineral R a n g e ___ Mar.
8 ,1 1 4
b N et ea r n in g s h ere g iv e n a r e b e fo r e d e d u c tin g t a x e s ,
J u ly 1 to Mar. 3 1 . . . .
7 2 ,8 7 1
c T h ese figures are in M exioan ourrenoy, and are c o n v e r tib le Into Mo. K an . A T ex a s,.M a r.
3 0 4 ,8 1 0
g old a t tlie cu rren t ra te o f ex c h a n g e,
J u ly 1 to Mar. 3 1 ___ 2 ,7 1 4 ,3 5 2
d G ross earn in g s in clu d e oth er Incom e.
1 5 2 ,5 1 0
S a sh v . C hat.A St.L.M ar.
e R e su lts on M onterey A M exican G u lf in clu d ed from M arch 1 ,1 9 0 2
J u ly 1 to Mar. o l . . . 1 ,3 7 2 ,4 8 9
2 ,3 0 4
f T h ir ty p er c e n t o f g ro ss ea r n in g s.
N ev.-C al.-O regon .. .Mar.
1 9 ,4 1 2
J u ly 1 to Mar. 3 1 ___
1 T h ese figures in olu d e H o u sto n & T e x a s C en tral an d it s su b sid ia ry
lin e s and th e C rom w ell S team sh ip Line.
N ew b. D ’tc h e ss A C onn,—
Jan. 1 to Mar. 3 1 . . . .
4 ,5 0 6
j T h ese figu res in o lu d e re su lts on th e Buffalo & A lle g h e n y V a lle y
D iv isio n in b oth years.
N ew J er se y & N ew Y ork—
Jan. 1 to Mar. 3 1 ___
1 5 ,4 4 6
k T h ese figures in clu d e in b o th years re su lts o n K a n sa s C ity Fort
S cott & M em phis RR. and F o rt W orth & Rio G rande KR.
N. Y. N. H . A H a r tfo r d .—
Jan. 1 to Mar. 3 1 ___ 2 ,0 5 2 ,5 7 7
n In clu d e s P ad u oah & M em phis D iv isio n from J u ly 1 in both y ea rs.
J u ly 1 to Mar. 3 1 ___ 6 ,1 2 7 ,5 3 8
* C overs railroad o p eration s on ly.
N. Y. A O tta w a —
li
T h ese figures in olu d e—besid es the old 8 a v a n n a h F lorid a & W est’rn — Jan. 1 to Mar. 3 1 . . . .
5 ,9 4 0
th e A lab am a M idland, B ru n sw ick A W estern, C harleston & Savann ah
and S ilv er Springs Ooala & G ulf, all of w hich h a v e n o w b een co n so li­ N. Y. A P e n n s y lv a n ia —
Jan. 1 to Mar. 3 1 . . . .
5 ,2 5 5
dated. For la s t year th e earn in gs of th ese sep a ra te roads are oom bined
fo r p urposes of com parison.
N. Y . A R tc k a w a y B .—
Jan. 1 to Mar. 3 1 . . . .
1 7 ,0 3 0
t F or M arch, 1 9 0 2 , t a x e s and r e n ta ls am ou n ted to $ 1 8 1 ,1 3 0 , a g a in st
$ 1 6 3 ,2 2 3 , a fte r d ed u ctin g w h ich n e t for M a tch . 1 9 0 2 , w a s $ 1 ,8 7 8 ,0 1 2 , N ew L o n d on N o r th e r n —
a g a in st $ 1 ,5 8 9 ,7 2 0 . From J u ly 1 to M arch 31, 1 9 0 2 , ta x e s and r e n ta ls
Jan. 1 to Mar. 3 1 ___
6 1 ,8 4 8
am ou n ted to $ 1 ,4 9 3 ,3 4 1 , a g a in st $ 1 ,5 0 2 ,8 1 0 , a fte r d ed u ctin g w h ich N. Y. Chic. A St. L o u is—
n e t w a s $ 1 7 ,7 2 5 ,4 1 8 , a g a in st $ 1 4 ,5 2 0 ,8 2 8 .
Jan. 1 to Mar. 3 1 ___
3 1 3 ,9 8 5
{ K an sas C ity Sub. B elt in olu d ed from J a n u a r y 1, 1 9 0 2 .
N orfolk A W est’n .-.M ar.
2 0 1 ,6 0 5
5 N e t earn in gs are after a llo w in g for ex p en d itu re s fo r b etterm en ts
J u ly 1 to Mar. 3 1 ___ 1 ,7 5 3 ,2 7 5
Pare M arq u ette. . Mar.
1 3 2 ,3 2 5
3 9 8 ,0 0 5
Jan. 1 to Mar. 3 i . . . .
Hiscellaneons Companies.
P itts. C. 0. A S t. L ..A p r.
34 1 ,3 4 9
------Gross E a rn in g s. ----- ,.----- Net E a rn in g s .—
Jan. 1 to Apr. 3 o ___ 1 ,2 5 2 ,7 3 4
C urrent Previous P ittsb . S h a w m u t A N o .—
Current Previous
Year.
Year.
Year.
Year.
Jan. 1 to Mar. 3 1 ___
7 9 ,2 7 8
$
Companies.
$
$
$
483
P in e B luff A A ik . R.Mar.
2 0 ,4 3 7
2 6 ,1 1 5
B uffalo G as C o .. .. Apr.
J u ly 1 to Mar. 3 1 . . . .
4 ,4 8 7
2 0 7 ,0 1 0
2 3 2 ,7 7 8
Oct. 1 to Apr. 3 0 . . . .
P o rt .1’rv is M ont. A N. Y .—
1,287
1,733
C onsol. G as C o..N .J.M ar.
4 ,4 1 4
Jam 1 to Mar. 3 1 ___
6 ,045
7 ,0 6 7
Jan. 1 to Mar. 3 1 ___
R e a d in g G as A E lec tr ic Co. of
8 9 7 ,0 0 0
A ll c o m p a n ie s ... Mar.
6 ,1 5 5
18 ,6 3 4
6 ,4 0 9
2 0 ,1 0 9
B ergen C o u n ty ..F eb .
J u ly 1 to Mar. 3 i . . „ . 7 ,7 9 3 ,0 0 0
65 ,9 3 6
8 7 ,8 8 7
2 1 0 ,1 4 9
1 8 0 ,1 7 4
Ju ne 1 to Feb. 28 . . .
G rande J n o t’n
7 ,7 0 8
2 ,477 Rio Deo. 1 to nMar. 3Mar.
2.S45
Jaok son G as-L. C o.F eb.
3 0 .8 3 3
i ___
2 9 ,0 6 9
3 6 ,3 5 3
Mar. 1 to Feb. 28 . . .
1 8 ,0 3 3
G
9 0 ,5 7 5 Rio J urandetoS o u th . 3Mar.
9 5 ,2 8 7
L acled e G a s L ’t C o.F eb.
16 3 ,2 7 8
ly 1
Mar. 1 ___
1 7 9 ,9 4 9
2 0 9 ,4 6 4
Jan. 1 to Feb. 2 8 ___
G
est...M
1 01,137
5 ,6 3 8 Rio Jurande WMar. 3 1a r .
15,856
15 ,1 8 2
6 ,3 1 7
L o w ell E leo. L t. Co.M ar.
9 0 6 ,7 3 9
ly 1 to
___
4 6 ,2 8 4
144,773
5 8 ,2 8 9
J u ly 1 to Mar. 3 1 . . . .
1 3 7 ,2 9 7
7 ,4 0 9
6,077 R u tla n d — to Mar. 3 1 ___
19 ,0 9 6
17 ,2 0 4
M exioan T eleph one. Mar.
1 2 7 ,9 8 4
Jam 1
314,418
327,5 2 5
5 3 ,6 7 6
5 5 ,5 4 1
P aclflo C oast O o ..n F eb .
1 1 ,6 6 7
St. J o s. A Gr. la id ..M g r .
7 1 0 ,8 2 2
7 9 0 ,3 4 8
Ju ly 1 to Feb. 28 — 3 ,4 0 1 ,3 4 5 3 ,4 8 3 ,1 2 6
8 7 ,5 0 0
J u ly 1 to Mar. 3 1 . . . .
P h ila d elp h ia C om pany—See sta te m e n t V. 74, p. 8 78.
5 0 4 ,7 4 8
8t. L. A San F ra n ...M a r.
J u ly 1 to Mar. 3 1 ___ 4 ,1 5 1 ,7 5 7
Interest Charges and Surplus.—The following roads, In S an Ant. A Ar. P a ss—
addition to their gross and net earnings given in the fore­
Ju ly 1 to Mar. 3 1 ___ b 6 2 1 ,285
going, also report oharges for Interest, &o., With the surplus San Fran. A No.Pao. Apr.
2 2,771
22 7 ,7 0 9
J u ly 1 to Apr. i O . . . .
above or deficit below those oharges.

P revious
Year.
9
2 ,083
2 0 ,8 3 3
551
2,203

—E at. o f Net R a m ’s.

Current
Year,
9

2,851
2 6 ,6 8 0
1.824
5 ,3 0 7

Previous
Year.
9
1 ,188
1 ,617
def. 83 8
712

1 ,9 9 0 ,6 9 1
*22,079
*28,906
0 ,0 1 7 ,9 7 2 *1,332,245 *1,342,693
1 2 ,6 0 4
5 ,894
910
1 1 2 ,2 2 3
7 ,5 2 4
2 4 ,0 4 6
7 9 7 ,2 6 0
7 5 9 ,1 0 0
5 9 3 ,9 1 4
7 ,1 7 5 ,3 4 2 8 ,4 9 0 ,1 4 1 0 ,9 4 8 ,8 9 9
12 9 ,1 2 3
*107,606
*77,369
1 ,3 0 4 ,7 2 7 *1,259,863
“9 1 7 ,5 3 4
3 1 6 ,9 9 7
8 3 9 ,5 9 0
4 8 5 ,2 7 9
3 ,8 0 3 ,9 6 4 7 ,2 2 0 ,9 1 1 5 ,0 9 7 ,0 1 7
4 3 .6 1 2
J131,410
{1 2 7 ,0 1 9
1 2 9 ,9 5 7
{402,528
{4 3 4,940
2 4 9 ,4 0 2
9 9 ,0 2 9
1 08,574
2 ,1 6 6 ,4 4 0 1 ,6 6 7 ,4 4 1 1 ,6 3 7 ,7 2 1
3 3 ,7 5 0
14,820
4 2 ,4 1 0
3 0 3 ,7 5 0
2 0 7 ,0 1 9
3 4 8 ,3 0 5
7 ,2 0 6
1 0 ,7 9 5
1 ,2 4 9
04 ,0 9 8
13 9 ,8 3 9
6 4 ,8 3 3
2 ,8 8 0

•1 ,0 2 3

*570

3 0 9 ,8 5 0 d f.1 8 3 ,5 7 2 df. 187,429
9 4 ,7 2 7

d ef.2 ,8 2 5

def. 7 ,8 8 1

3 1 3 ,9 7 7

2 5 4 ,6 4 1

3 8 4 ,8 6 6

6 1 9 ,5 2 4

2 0 5 ,9 2 2

2 6 6 ,1 0 3

4 4 ,9 0 5
5 0 ,9 5 2
7 2 ,7 7 9
1 9 1 ,1 2 7
1100,536
t l9 2 ,0 1 3
1 ,8 0 6 ,2 2 5 (1 ,4 9 0 ,1 9 7 t l , 5 4 5 ,6 7 9
7 8 ,7 0 2 'd e f.7 ,0 2 4 *def.2,131
7 0 6 ,3 5 9
*7,508 ‘ d f.8 3 ,8 5 5
80 ,2 4 8
7 6 ,3 5 9
5 0 ,0 0 4
7 1 2 ,4 0 3 * 1 ,078,653 * 1 ,0 0 0 ,7 0 7
1 0,607
*14,224
*13,768
9 0 ,0 5 6
*71,381
* 49,320
r 83 ‘ d ef.1 ,3 5 2
.

*559

3 5 4 ,9 4 8 * d f.2 9 1 4 7 3 d * f.2 8 i,2 0 3
6 ,0 9 2
12,811
1 2 ,6 0 8
1 2 ,1 8 4
32 ,3 6 5
2 4 ,8 8 2
6 5 3 ,3 5 7
‘ 9 4 1 ,4 5 9
*70 0 ,8 3 7
4 ,8 1 1
*417 * d ef.3,807
4 2 ,1 9 6 *d ef.8,034
*33,585
2 9 4 ,5 3 6 d ef.3 3 ,5 4 6 d ef.9 ,1 1 7
2 ,6 1 0 ,4 9 6 1 ,0 7 9 ,8 0 2 1 ,0 6 2 ,8 1 1
1 4 5 ,7 1 2
1 5 ,6 3 4
7 6 ,2 5 7
1 ,4 0 7 ,0 9 3
4 2 7 ,4 2 3
5 8 0 ,7 4 5
2 ,2 5 0
715
66
2 0 ,2 5 0
2 0 ,9 1 9
1 7 ,3 2 0
4 ,7 9 6
1 4 ,8 4 7

*3,756

‘ 2 ,3 9 3

*4,000 * d ef.5,475

1 ,9 7 6 ,7 5 9
* 478,826
*309,471
6 ,0 1 0 ,0 5 5 *4,276,522 *3,404,641
0,511

d e f.9 ,4 9 2 d ef.2 0 ,8 1 1

5 ,9 8 2 def. 10 ,0 4 0

d ef.3 ,S 3 0

1 6 ,2 0 0 * d f.2 7 ,7 9 0 S*df.32,714
6 0 ,6 9 4 *d ef.8,253 * d f.l8 ,S 8 5
3 1 4 ,2 9 5
1 8 7 ,4 3 3
1 ,6 8 7 ,8 2 0
1 2 0 ,2 2 3
3 5 5 ,3 3 4
2 3 1 ,3 0 4
1 ,0 9 2 ,4 7 0

*136,182
*124,974
3 8 6 ,8 3 8
3 7 1 ,0 7 8
3 ,7 1 6 ,6 8 7 3 ,2 7 7 ,0 9 6
8 3 ,1 2 9
9 ,3 6 7
5 7 ,3 8 1 d e f.2 2 ,2 1 2
9 5 ,4 4 2
2 0 7 ,8 0 0
6 2 2 ,4 1 1
6 5 1 ,5 6 9

482
4 ,5 8 4

d ef2 6 ,7 9 6
1 ,252
8 ,4 4 2

580
6 ,4 6 8

4 ,4 0 9

d ef.7 ,2 9 7

d ef.5 ,0 0 4

7 9 0 ,9 7 9
7 ,1 1 8 ,8 1 6
7 ,708
3 0 ,8 3 3
1 7 ,6 8 3
1 6 0 ,8 7 5

1 2 5 ,9 8 0
3 ,4 4 5 ,3 2 2
4 ,2 0 2
1 9 ,5 7 0
d ef.‘ S6
2
0 1 ,5 2 3
*45,403
* 709,219

1 9 0 ,5 9 2
1 ,8 5 5 ,6 8 2
4 ,6 3 5
16 ,8 4 3
791
S6.29S

*d f.59.20S
SS.310
2 2 ,9 9 0
8 ,7 5 0
3 0 9 ,1 6 2
2 5 0 ,9 6 6
7 8 ,7 6 0
*20 1 ,8 5 6
*77,867
3 8 7 ,7 9 0
3 ,4 3 5 ,2 5 2 •2 ,6 7 0 ,9 7 0 •2 ,7 2 3 ,3 8 1
.............. d t.112.472
2 2,771 def. 15,946
2 0,470
22 9 ,3 7 7

def. 4 ,2 4 2
iS A o 1

May

24,

THE CHRONICLE

1902.J
Current
Year.
$

Road 8.

Previoui
Year.
$

Schoharie V alley —
027
Jan. 1 to Mar. 31___
Southern Pao. C o...M ar. a 2 ,9fl5,789
.Tnlv 1 tin Mur. 31
ft.lHtt.1 ftO
Staten Islan d R y .—
Jan. 1 to Mar. 3 1 ....
T oled o A Ohio Oen..Mar.
July 1 to Mar. 31 ...
T o l. Peo. A W e s t... Apr.
July 1 to Apr. 3 0 ___
U lste r A D e la w a re —
Jan. 1 to Mar. 31 —
W ichita Valley. ...M ar.
Jan. 1 to Mar. 31___
W’m sport A No. Br. Mar.
July 1 to Mar. 31 ___
Wisconsin C en tral.. Mar.
July 1 to Mar. 31___

-R ul.of Net E a r n ’*.—
Current Previoui
Year.
Year.
$

642

1,213
d f.733,395
-2,218,984

$
1,011

8,778
39,023
356,487
22,097
228,354

8,217 "df.17,495 *df.l0,G08
*10,121
36,499
*4,046
*96,964
*145,563
315,199
23,469 def.l 2,587 def 7,979
3,064
8,964
230,964

40,572
1,922
5,768
2,405
21,638
145,128
1,276,874

38,361 *d f.l9 ,3 1 I *df.24,594
1,922
d e f.l,080
103
2,959
5,768
def.896
376
2,917
1,175
19.519
4.688
22,917
*26,052
IE 6,917
*878
*280,743
*152,185
1,218,078

* A fter allowing: fo r oth er lnoorae reo elv ed .
t T h ese figures are after allow in g for otlier inoom e and fo r d iscount
and exoh an ge.
A fter d ed u ctin g $ 1 0 ,0 0 0 for K enew al F und in
March, 1902, and $10,0 0 0 In M arch, 1901, th e su rp lu s for th e m onth
is $ 9 0 ,5 3 6 , a gain st $ 1 8 2 ,0 1 3 a year ago. From J u ly 1 to March 31.
1 9 0 2 , th e deductions for tilts purpose w ere $ 9 0 ,0 0 0 , a g a in st $ 1 1 0 ,0 0 0
a year ago, leavin g a su rp lus of $ 1 ,4 0 0 ,1 9 7 In 1902, a g a in st $ l,4 3 a ,679 In 1901.
I In clu des n et earnings of m ines.
a T h ese figures for March Inolude $ 9 4 7 ,8 7 8 appropriated for
b etterm en ts and ad dition s to properties and equipm ent; from J u ly 1
to Mar. 31 th e am ount exp en d ed for th ese p urposes w as $ 8 ,0 3 3 ,3 8 9 .
b These figures inolude $ 5 3 ,1 2 0 ap propriated for b etterm en ts and
ad dition s.

STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the lateei
period of all st r e e t railways from whioh we are able to ob­
tain weekly or monthly returns,
STREET RAILWAYS AND TRACTION COMPANIES
G r o ss
E a r n in g s .

Latest Cross Earnings. Jan. 1 to Latest Date.
Week, or ife Our’ni Prev’us Current Previoui
Year.
Year.
Year.
Year.

%
$
$
$
A lton Ry. G as & Elec. F e b r u a r y . 11,415
9,293
23,058
19,265
A m erican Jft’ys. Co.$. A p r il......... 79,619 64,339 30 9 ,3 9 9 2 50,209
B ingham ton R R ....... A pril ___ 14.84S 13,994
57,073
53,856
Br’k ly n B a p .T r. Co., M arch ....... 1,030,918 955,504 2,889,439 2 ,7 16,648
Chicago & Mil. E lec. A p r il......... 13,uo8 10 443
4 4,750
34 04.2
Cln. N ew p. & C ov.. . . A p r il......... 69,382 62,980 267,529 24 2 ,5 9 5
A p r il.........
C lty E lec. (Rome.Ga.)
3,062
2,831
12.654
12,150
Olev. Chagrin F ’s E l’o F e b r u a r y .
2,435
3,454
_
_
C levelan d A E astern. F e b r u a r y .
3,525
• • «- 4i91f
C leveland E lectric . A p r il......... 192,852 174,848 743,466
6 66,389
C leve. E ly & W e s t... A p ril......... 21,065 17,054
7 8,149
64.083
Gleve. P a in sv. A E .. A p r il......... 1 2 ,6 9 t 10,184
44,682
3 6 ,2 0 3
D art. & W’port S t.R y . A p r il.........
7,852
7,610
31,123
2 8,860
D enver C ity T ram ... A p r il___ 124,516 110,358
48 1 ,3 4 8 4 3 5 ,2 8 6
D etroit U nited ____ 2clw k May 61,158 51,577 1,133,526
974,871
D etro it & P ort H uron
Shore L in e ...... ......... 2d w k May
6,321
5,427
126,837
9 2,787
Dnluth-Sup. Tract. /
A p r il......... 40,920 36,744 152,181
131,507
D nluth 8t. R y___ \
E lgin A urora & Sou A p r il......... 29,642 26,613
117.467
105,418
G a lv esto n C ity .......... F e b r u a r y .
8 ,8 6 k 6,56>
H arrisburg Traction A p r il......... 32,012 27,00-3
125,296
104,588
I n t e m a f l T raction —
(Buffalo).................... F ebruary.. 225,160 214,585
475.309
4 4 7 ,7 5 6
9,997
Lehigh T raction....... . A p r il.........
9,333
38,262
37,712
London St. R y.(Can.) A p r il........
9,942
9,496
3 6,192
39,188
Mad. (Wls.) Traotion A p r il........
5.238
20,75 9
Mass. E lec. Co.’s ___ M arch ....... 410,000 38 2 ,O C 1,130,129 1,072,614
O
M iam isburg A Ger­
m an tow n T raction. M arch .......
950
2,529
M ontreal S treet R y .. A p r il......... 154,390 144,794
599,941 55 7 .2 8 6
M uscatine 8t. R y ___ M arch .......
5,357
6,113
18,524
16,851
N ew C astle Traotion. A p r il......... 10,648
8,728
40 465
32,525
N ew L ondon St. R y .. A p ril.........
3,636
4,058
15,602
13,381
N orthern O hloT ract. A p r il......... 49,425 39,618
162,271
190,559
O lean St. B a il w a y ... M arch .......
3,835
3.994
11.004
11,222
O range Co. T raction. A p r il.........
6,372
6,593
23,155
22,854
P hiladelp hia C o.{ ;
Cod eol.Tr. (Pitts.) > M arch ....... 1,163,227 1,057,133 3,535,695 3,126,809
U nited Tr. (Pitts.) )
P o ttsv ’e U n ion Trao. A p r il......... 12,187 11,941
45,696
44,445
R ailw ays Co.Gen.—
R o a d s........................ A p r il......... 17,87( 14,136
66,231
5 1,563
L ight Co’s ................. A p r il.........
1,8 04
l,6 0 i
7,251
6,769
Sacram ento E lectro
G as A R y............. .
A p ril......... 36,291 31,954
142,252 127,746
St. L ouis T ra n sit___ A p r il........ 509,609 464,454 1,889,860 1,767,676
S ioux C ity Traction.. M a rch ....... 18,448 15,427
50,161
43,441
Southern Ohio T ract A p r il......... 27,774 23.530 100,437
8 5,033
T acom a Ry. A Pow er February
28,373 24,299
58,846
50,891
Toledo Ryu. A L ight. F e b r u a r y . 99,950 89,079 214,063
190,211
Toronto R ailw ay . .
Wk M aylT 29 460 26,948
Tw in C ity R ap. Tran M arch ....... 279,383 242 214 796,322
694.068
Union (N. B edford ;.. A p r il......... 22,881 18,846
89,039
7 3 ,6 4 7
U n ited T raction — »
401,363 4 2 5 ,4 8 0
A lb an y C ity 5 A p r il......... 110,453 109,512
U nited Tract, tProv.i A p ril......... 223.458 198.348
8 4 2 .3 5 0 7 6 7 ,7 5 5
$ T hese are resu lts for p rop erties ow ned.
t R esu lts now Inolude th e P ittsb u rg R ailw ay Co., o p era tin g th e C on­
solidated Traction and all th e other con trolled p ro p erties In P ittsb u rg.

Street Hallway Net Karnings.—In the following we show
both thegrosaandthenetearnings to latest d a te s of all S t r e e t
railways from which we have been able to procure monthly
returns. As in the case of the steam roads, the returns of the
d iffe re n t roads are published by us each week as soon as re­
ceived, a n d once a month (on the third or the fourth Satur­
day of the month) we b rin g together a ll the reads reD orting,
as Is d o n e to-day.
R oatli.
A lton Ry. G as A E l. Feb.
Ju ly 1 to Feb. 2 8

----- C ron E arn xn gt.—
C urrent P reviou i
y e a r.
Year.

%

11,415
94,593

#

9 ,293
81 ,2 7 2

,---- N et E arnxngt.---C urrent P revioui
Year.
Year.
$
4 ,9 9 1
4 4 ,9 7 2

«
8,981
40 ,1 5 8

1085
< Cross Earnings. ----- . , ---- Net E arning!. ----->
-----

Current
Year.

Previoui
Year.

C urrent
Year.
%

Roads.
$
$
A inor. L ight A Trao. Fob.
6 5 ,0 6 3
B allston T erm inal—
8 ,5 1 6
Jan. 1 to Mar. 3 1 ___
d e f .l ,0 3 4
Blnc-hamton KK.I»..Apr.
1 4 ,8 4 3
1 3 ,9 9 4
5 ,002
Oct. 1 to Apr. 3o.__.
107,301
9 8 ,8 9 0
4 3 ,4 6 1
Brooklyn H o lg h tsb —
6 4 5 ,9 2 9
Jan. 1 to Mar. 3 1 ___ 2 ,0 2 5 ,5 9 0 2 ,0 5 0 ,2 3 5
Ju ly l to Mar. 3 1 . . . . 8 ,4 7 0 ,5 3 6 8 ,5 8 5 ,8 3 0 2 ,6 0 4 ,5 2 7
2 0 2 ,5 7 0
Brooklyn Rap. T r.a Mar. 1,030,918
9 5 5 ,5 0 4
July 1 to Mar. 8 1 ___ 9 ,4 2 6 ,3 6 6 8 ,8 5 4 ,6 0 5 2 ,6 4 1 ,4 6 7
B klyn Queens f’o. A 8 .—
Jan. 1 to Mar. 3 1 ___
1 8 1 ,4 2 8
79 ,7 3 1
OatHldll E lectric—
1 ,2 5 9
Jan. 1 to Mar. 3 1 ___
1 ,383
d ef.271
1 0,443
Chic. A M llw. E leo.A pr.
13,058
7 ,1 5 9
21 ,1 4 0
4 4 ,7 5 0
3 4 ,0 4 2
Jan. 1 to Apr. 30 . .
6 9,382
6 2 ,9 8 0
Cln. N ew p. A C ov. a Apr.
2 8 ,9 8 0
Jan. 1 to Apr. 3 0 ___
2 6 7 ,5 2 9
2 4 2 ,5 9 5
10 4 ,9 2 9
C itizons’ RR. Lt. A P ow er
Co. of F b h k i l l Jan. 1 to Mar. 3 1 ___
1 2 ,6 6 6
6 ,818
2 ,4 4 9
(JltvE leo(R om e.G a) Apr.
3 ,062
2,831
d ef.573
Jan. 1 to Apr. 3 0 ___
12,654
1 2 ,1 5 0
583
01. & Chag. F. E le c .. Feb.
3 ,4 5 4
2 ,4 3 5
1 ,199
C lev. A E a ste r n _ Feb.
_
4 ,9 1 6
3 ,5 2 5
1,3C0
Olev. E lyria A W est Apr.
2 1 ,0 6 5
1 7 ,0 5 4
8 ,0 4 3
Jan. 1 to Apr 3 o . . . .
78 ,1 4 9
6 4 ,0 8 3
2 6,158
O lev .P a ln esv .A E ..,A pr.
1 2 ,6 9 6
1 0 ,1 8 4
5 ,7 6 2
4 4 ,6 8 2
Jan. 1 to Apr. 3 u . . . .
3 6 ,2 0 3
1 8 ,5 4 2
C ohoes C ity R R .—
Jan. 1 to Mar. 3 1 ___
5 ,7 7 4
5 ,7 4 8
944
C oney Isi. A B r’k ly n .b —
Jan. 1 to Mar. 3 1 ___
2 8 2 ,5 6 6
2 6 8 ,0 5 0
6 9 ,2 9 2
J u ly 1 to Mar. 3 1 ___ 1 ,0 7 9 ,8 5 0 1 ,0 6 2 ,3 3 1
4 0 0 ,4 8 5
Den v. C ity Tr’tn w ... Apr.
1 1 6 ,3 5 6
1 2 4 ,5 1 6
5 7 ,9 8 3
Jan. 1 to Apr. 3 o ___
4 8 1 ,3 4 8
4 3 5 ,2 9 6
2 2 0 ,2 2 9
D etroit U n ite d .a ...A p r .
2 5 8 ,0 5 1
2 2 0 ,6 8 7
1 0 7 ,3 3 2
Jan. 1 to Apr. 3 0 ___ 1 ,0 0 9 ,5 3 6
8 7 0 ,3 5 9
4 2 3 ,1 6 2
Rapi d R ail w a y . a Apr.
2 9 ,3 7 2
1 0 ,9 8 0
J u ly 1 to Apr. 3 0 ___
3 3 0 ,0 1 4
1 3 9 ,7 9 6
D uluth-Sup. T rao.. Mar.
3 3 ,2 1 2
4 1 ,1 4 0
1 7 ,1 9 3
Jan. 1 to Mar. 3 1 ___
11 1 ,2 6 1
9 4 ,7 6 3
4 3 ,3 7 4
E lgin A urora A 8 o ... Apr.
2 9 ,6 4 2
2 6 ,6 1 3
1 0 ,0 4 6
June 1 to Apr. 3 0 . . .
3 4 4 ,1 3 6
3 0 0 ,9 6 2
14 8 ,4 6 2
G a lv e sto n C ity R y. Feb.
8 ,862
6 ,5 6 8
385
H arrisb’g T ra o t’n .. Apr.
3 2 ,0 1 2
2 7 ,0 0 4
12,461
Jan. 1 to Apr. 3 0 ___
1 2 5 ,2 9 8
10 4 ,5 8 8
4 7 ,1 7 5
H u dson V a liev R v.—
Jan. 1 to Mar. 3 1 . . . .
6 1,278
4 ,5 5 5
In tern ’l Tr. (B uft.)..F eb.
9 2 ,2 4 0
2 2 5 ,1 6 0
2 1 4 ,5 8 5
Jan. 1 to Feb. 2 8 . . . .
4 7 5 ,3 0 9
4 4 7 ,7 5 6
1 8 9 ,7 2 9
rthaca S treet R v —
Jan. 1 to Mar. 3 1 ___
1 4,665
1 4 ,1 4 7 d e f.5 ,7 8 7
Lehigh T r a c tio n .. .. Apr.
9;383
9 ,9 9 7
4 ,1 5 4
Jan. 1 to Apr. 3 0 . . . .
3 8 ,2 6 2
3 7 ,7 1 2
1 3 ,6 3 9
Land. S t.R y . (Cart.).. Apr.
9 ,9 4 2
9 ,496
3 ,5 4 7
Jan. 1 to Apr. 3 0 . . . .
3 6 ,1 9 2
1 2 ,4 6 4
3 9 ,1 8 8
M adison T ra ctio n ..A p r.
5 ,2 3 8
247
Jan. 1 to Apr. 3 0 . . . .
2 0 ,7 5 9
2 ,4 8 0
M iam isburg A Germ antow n T raotion ___Mar.
950
443
M ontreal St, R y ___Apr.
1 5 4 ,3 9 0
1 4 4 ,7 9 4
7 0 ,5 4 0
Oct. 1 to Apr. 3 o ___ 1 ,0 7 9 ,1 1 0 1 ,0 1 2 ,8 1 6
3 9 9 ,6 5 3
M uscatine St. R y ...M a r ,
6 ,1 1 3
5 ,3 5 7
1 ,9 8 4
Jan. 1 to Mar. 3 i ___
1 8 ,5 2 4
1 6 ,8 5 1
5 ,2 8 2
N ew C astle T r a c t.. Apr.
3 ,3 5 2
10 ,6 4 8
8 ,7 2 0
N ew London St. Ry.Apr.
4 ,0 5 8
3 ,6 3 6
626
Ju ly 1 to Apr. 3 o . . . .
59 ,2 5 3
5 3 ,2 0 1
2 1 ,5 3 6
N ew P a ltz & P o ’sle Tr.—
Jan. 1 to Mar. 31
2 ,505
2 ,5 8 6
d ef.6 0 0
N. Y. A N orth 8b o re—
Jan. 1 to Mar. 3 1 ___
1 7 ,2 2 0
2 0 ,4 6 5
d ef.5 0
N iagara G orge—
Jan. 1 to Mar. 3 1 ___
1,803
1,293
d ef.4 ,2 0 7
N orthern OhioTrao.Apr.
49,42 5
39 ,6 1 8
2 0 ,8 9 8
Jan. 1 to Apr. 3 o . . .
1 9 0 ,5 5 9
162,271
7 5 ,6 9 8
3 ,9 9 4
O lean S treet R y ___Mar.
3 ,835
1 ,584
Jan. 1 to Mar. 3 1 . . . .
1 1 ,2 2 2
11 ,0 0 4
3 ,5 7 2
O range Co. T rao___Apr.
6 ,593
6 ,372
1 ,648
J u ly 1 to Apr. 3 0 ___
8 2 ,9 4 7
7 9 ,4 0 7
3 0 ,8 3 4
O sw ego TraouoD —
Jan. 1 to Mar. 3 1 . . . .
7 ,1 7 9
5 ,7 1 7
475
P h ilad elp h ia C om pany—S ee sta te m e n t V. 7 4, p. 878,
P la ttsb u rg T raction —
Jan. 1 to Mar. 3 1 ___
2 ,801
1 ,803
def.533
R o ch ester R ailw ay b—
Jan. 1 to Mar. 3 1 . . . .
2 6 4 ,6 5 9
2 4 4 ,4 3 3
11 7 ,7 2 7
Ju ly 1 to Mar. 3 1 . . . .
7 8 5 ,6 1 2
735,561
3 5 3 ,7 0 2
8aoranuerto E leo trio G as
A R a ilw a y Oo---- Apr.
3 6 ,2 9 0
3 1 ,9 5 4
2 1 ,2 6 7
Feb. 1 to Apr. 3 0 ___
8 5 ,6 4 0
1 0 8 ,6 4 7
6 0 ,0 5 6
S ch en ectad y R y .b —
Jau. 1 to Mar. 3 1 ___
6 9 ,5 4 3
2 1 ,3 7 5
8 ,8 1 7
J u ly 1 to Mar. 3 1 ___
1 90,641
01 ,8 9 9
5 9 ,0 8 0
South. Ohio T ra o t. Apr.
27 ,7 7 4
2 3 ,5 3 0
1 2,529
May 1 to Apr. 3 0 ___
3 5 3 ,1 4 5
3 0 3 ,7 0 4
1 6 6 ,7 7 9
Staten Island U -uiidTr.—
Jan. 1 to Mar. 3 1 . . .
1 3 0 ,0 8 6
1 1 2 ,5 7 0
51 ,0 5 6
S y ia o u seR a p id T ran s. b—
Jan. 1 to Mar. 3 1 ___
1 7 0 ,3 3 3
15 3 ,4 9 9
7 3,061
Syr. Lakes. A B aldw in sv.
Jan. 1 to Mar. 3 1 . . . .
9 ,445
d ef.5 ,7 7 7
Toledo R ys. A L t.a .F eb .
9 9 ,9 5 0
8 9 ,0 7 9
4 7 ,4 2 7
Troy A N ew England—
Jan. 1 to Mar. 3 1 . . .
2 ,994
2 ,8 9 6
d ef.487
Twin City Rap. Tr.. .Mar.
2 7 9 ,3 8 3
2 4 2 ,2 1 4
151,423
Jan. 1 to Mar. 3 1 ___
7 9 6 ,3 2 2
4 1 5 ,0 7 1
694,068
U nited Trao.(A lb any )b—
Jan. 1 to Mar. 3 1 ___
3 4 4 ,9 0 9
3 1 5 ,9 6 7
8 7 ,1 3 4
J u ly 1 to Mar. 3 1 ___ 1 ,0 92,137 1 ,0 2 8 ,1 7 9
3 8 5 ,9 5 1

Previoui
Year.

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

87 4 ,0 1 9
3,: 6 3 ,4 0 9
2 4 1 ,4 6 0
2 ,9 9 0 ,1 5 4

d ef.5 0 5
4 ,8 5 9
1 1 ,4 2 8
2 3 ,4 6 9
9 0 ,3 2 9
1,647
180
2 ,0 9 8
d ef.581
d ef.5 1 2
7 ,5 4 6
2 0 ,7 0 2
4 ,2 4 9
1 4 ,5 9 3
1 ,1 3 7
8 7 ,2 9 6
4 2 0 ,6 0 3
5 3 ,4 9 0
1 8 8 ,3 8 1
9 4 ,7 9 9
3 7 2 ,7 2 8
1 1 ,9 7 4
3 5 ,1 4 0
8 ,328
1 0 8 ,2 3 6
1 ,216
9 ,1 9 7
3 6 ,4 1 7
9 6 ,3 1 2
2 0 6 ,2 2 6
d ef.5 ,8 6 5
4 ,7 9 2
1 6 ,9 0 6
3 ,4 9 7
1 1 ,0 5 6

5 1 ,5 2 2
3 5 9 ,8 9 5
d ef.€ 0 3
d e f .l,186
1 ,8 6 4
67
1 6 ,1 8 6
341
162
d ef.5 ,3 9 9
1 4 ,1 4 2
5 8 ,2 3 8
3 ,7 9 2
4 ,9 1 8
1 ,8 1 8
3 4 ,9 7 5
160
d ef.8 9 0
8 2 ,5 5 1
2 7 4 ,0 3 4
15 ,6 5 9
4 9 ,4 2 6
7 ,3 6 5
2 2 ,1 7 3
9 ,1 2 5
1 3 6 ,9 4 7
4 3 ,4 9 3
6 7 ,2 9 9
4 4 ,1 1 7
115
1 26,318
3 5 6 ,4 8 7
9 0 ,5 6 5
3 2 8 ,6 9 4

THE CHRONICLE

1086

Houston (Tex.) Electric (Railway) Co.

in te r e st Charges aud Su rp lus.—The follow ing S turm
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &0Mw ith the
surplus or deficit above or below those oharges.
,---- i n i . ,ren l u l l , e t c . ----- .
C u r r e n t P revio u s
Y ear.
Y ear.
*
*

H oads.

ba iia to n T e rm in a l—
Jan, 1 to Mar. 1 1 ....

06

fik lvn Queens Co. <& 8 .—
Jam 1 lo Mar. 3 1 ....
C at*kiU E lectric—
Jam l tu Mar. 3 L----Olm Newk». A C o v ..,A p r .
Jam 1 to Apr. 3 0 ___

Y ea r.
*

P la n t ...
,$3,999,800
U n e x p ire d
In su ran ce.A ccoun ts re c e iv a b le ...

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

S u s p e n s e .......

2 1 ,0 1 7

C a sh ...

38,902

def.1,130

l,144,420*df.348,466*df.204,938
3,455,102*df.339,152
142,174

92,885
780
15,417
61,994

562 *d e f.l,0 4 2
13,563
15,009
42,935
62,942

def. 1,127
7,5€0
27,387

*def.058

1,799

1,650

def.855

d e f.513

C on ey I s l. Sl B r ’k ly n —
Jam 1 to M ar. 31 ....
July 1 to M ar. 3 1 -----

69,576
210,411

67,986
298,642

*def,145
*191,813

*34,660
*145,068

T ra m w . Apr.
Jan. 1 to Apr. 3 0 -----

32,864
131,258

31,304
125,622

25,119
88,971

22,186
72,759

E lg in A u ro ra cz H o.Apr.
June 1 to A pr. 3 0 ....

8,333
91,666

8,333
91,666

1,713
56,795

def.5
16,569

*811

29,286
84,411
169,813

*3,548
*9,469

$28,000,000

2,083

2,083

1,269

def. 219

1,466

1,376

def.2,066

d e f.1,035

9,765

8,600 *def.9,794

*def.8,340

N o rth ern Ohio T rac.A p r.
Jan 1 to A pr. 3 0 ___

12,500
50,000

10,970
42,221

8,398
25,698

3,172
16,017

O sw ego T r a c t i o n Jam 1 to M ar. 3 1 ....

3,621

3,650

def.3,146

def.3,490

P la tt8 b u rg T ractio n —
Jan. l to M ar. 3 1 ___

1,475

1,509

def.2,008

def.2,399

R ochester R y.—
Jam 1 to M ar. 31___
July 1 to M ar.

74,374
228,355

71,589
218,097

43,353
*133,921

*12,733
*61,004

Baoram ento E leo trio G a s
< R a ilw a y C o------Apr.
fe
Feb. 1 to A p r. SO ___

11,565
33,599

9,345
28,034

9,702
26,457

6,314
21,392

Schenectady R y .—
Jam l to M ar. 3 1 ----July 1 to M ar. 3 1 ___

13,687
32,451

5,310
16,272

*10,456
*64,258

*14,449
*39,701

South. O hio T ra c t. A pr.
M a y 1 to A p r. SO ___

7,500
90,000

7,500
90,000

5,029
76,779

1,625
46,947

S taten Islan d R a p id T r.—
Jam i to M ar. 31___

50,349

47,349

*5,346

*9,597

S yr. Lakes. & B ald w in sv .
Jam 1 to M ar. 31___

6,700

Syracu se R a p id T r.—
Jam 1 to M ar. 3 1 ___

*17,626

*12,992

1,432

1,332

def.1,919

def. 1,217

76,017
228,051

71,265
212,294

75,406
187,620

55,053
144,193

59,703
179,533

*20,358
*150,294

*32,319
152,041

T w in C ity R ap . T r...M ar.
Jan. 1 to M ar. 3 1 ...,
U n ite d T rac. (A lb a n y )—
Jam 1 to M ar. 31___
J u ly 1 to M ar. 3 1 -----

69,203
192,219

for other in com e reoeived.

ANNUAL

R E P O R T S.

A nnual R eports.—The following is an index to all annual
reports of steam railroads, street railways and m iscellaneous
companies which have been published since the last editions
of the Investors’ and Street R ailway Supplements .
This index does n o t include reports in to-day’s C h r o n i c l e .
R a i l r o a d s . E t c .—

Page.

A llegheny V alley.............................. 934
A m erican Ca-i
.............................. 881
C alilornia F ru it Cannera’ A ssn __ 831
C entral U nion T elephone................. 828
Chicago E d iso n ...........
984
Chic. Roc* Islan d & P ac................... 984
Colorado F uel & i r o n ... ............... 10S6
D enver & S o u th w este rn .................. 880
E lectric Co of A m erica.....................985
F isheries C j ........................................ 984
G eneral E le c tric .......................... 891, 8S9
G rand T ru n k ....................................... 880
L ake E rie & W ester a ....................... 827
L ake Shore & M ichigan S o u th ern . 879
M exican C en tral........................983,1034
M exican N ational........................ 820, 834
M ichigan C e n tra l...............................1035
New M exico Ry. & Coal................. 827
New York Chicago & St. L ouis...... 1035
New York & New Jersey T eleph.,.. 984
P ennsylvania l i l t ........................ 625, 631
P en n sy lan ia S teel..............
881
P ere M a rq u e tte.................................. 983

Glucose Sugar ltef. pref. to be acq ’d.
do
do
com. to be acq’d.
N at. S tarch Co. pref. to be acquired..
do
do
com. to be acq u ired ..

R a il r o a d s , E tc .—(Con.)—
Page
P h ilad elp h ia E le c tric ....................... 881
P ittsb u rg & L ak e Erie ................... 880
R ’y Steel Spring (official sta te in ’t).. 984
T am arack M ining .................
882
T ennessee Coal Iro n & R R ............ 985
T erm . R R of St. L o u is.................... VSI
U nited Gas Im p ro v e m e n t............... 986
U nited Shoe Mach, (sta te m e n t of
M arch 1,1902)................................. 935
U. S Cast Iro n P ip e & F o u n d iy
(bal. sh e et J au. 31, 1902)............... 828
U. S. Red. A Ref. (official st.atem ’t) 882
U. S. Steel Corp. (statistics for y ’r ) . 9b6
St r e e t R a il w a y s —
Page.
Capital T ractio n (W ash., D. C .).... 723
L ouisville (K y.) K y.......................... 828
M etropolitan W . Side Elev.(Chic.) 828
M ilwaukee E lectric R y. A L ig h t... 425
N orth Je rse y S tre e t.......................... 077
P hiladelph ia Co. of P itts b u rg ..........1030
S acram ento Elec. Gas A Ky............ 984
S t. L o u is T r a n s i t ...................................... 077

120.000

1,225,000

To be Acq.
$773,1)00
2,747,000
370,600
150,100
$40,386,800

T otal of all

Of th is $1,400,000 cash w orking capital, $529,417 was used to discharge
bonded d eb t of Illinois Sugar Refining Co.
T he fo llo w in g table gives som e essential facts r e g a rd in g the m a n u f a c t u r i n g plants o f the constituent com pany, the “ bushels c ap acity / '
x

m eaning the n um ber of bushels o f corn w hich the p la n ts can grin d
daily:

CONSTITUENT COMPANIES.
P la n ts o f
C o n s t i t u e n t C o m p a n ie s —

D a te o ro a n iz e d .

Glucose Sugar Ref. Co.......Aug., 1897
N ational sta rc h Co............. May, 1900
Illinois Sugar R e f ................ N ov.,1898
Chas. Pope Glucose C o ...Ju n e , 1880
N. Y. Glucose Co..................Feb., 1901

M a n u fa c tu r in g
P la n ts .

B u s h e ls
C a p a c it y .

B onded
D e b t.

See “ a ”
105, 00
None.
See “ o ”
43,000 c?,139,000
P ek in , 111.
16,000
None.
j ( V enice ^
} 15,000
None.
Shadyside, N. J .
25,000 2,500,000

a Chicago, P eo ria and Rockford. Ill, an d M arshalltow n an d D avenport, la ,
A t Glen Cove. Oswego an d Baflalo, N. Y.: C incinnati, O.; Indianapolis aud
E lk h art, lud.; W ausegan, 111.; Des M oines an d Sioux City, la., an d N ebraska
City, Neb.

b

“ The Oorn Produots Oo. has not In term s assum ed the fu n d ed debts
and obligations o f the N a tio n a l Starch Oo. and the N e w Y o r k Glucose
(Jo. (as show n In above ta b le ), b u t u n der the term s o f the agreem ents
the Interest an d sinking fu n d charges in each case a re p a y a b le from
the earnings p rio r to a n y distribution th ereof b y w a y o f dividen ds on
the stocks of the N a tio n a l Starch Co and the N e w Y o rk G lucose Co.”
The bonds of the N a tio n a l sta rc h Oo., as a b o v e, include $ 4 ,1 3 7 ,0 0 0
o f Its ow n debentures o f 1900, p art of an authorized issue of $8,000,0 0 0 [o f w hich $ 9 8 ,0 0 0 canceled by sinking fu n d and $ 3 ,7 7 8 ,0 0 0 u n ­
issued can be used, on ly to retire bonds of constituent com panies, as
b e lo w ], and the rem ainder are the bonds of the constituent com panies,
of w hose share capital it o w n s or controls the fo llo w in g amounts.

COMPANIES CONSTITUTING THE NATIONAL STARCH CO. OF 1 9 0 0 .
D a t e ,---------------- C a p i ta l
Urg’d .
Issu ed .

“
def. 12,309
55,850

57,075

T ro y & N e w E n g la n d —
Jam 1 to M ar. 31 -----

* A f t e r a llo w in g

$42,338,300

$18,000,000

14,053 *d f.l6 ,2 5 3 *d f.l9 ,2 0 3

Acquired.

$20,070,100
.........T o ta l.............................$17,000,800
SHARES ISSUABLE AND TO BE ACQUIRED.

$44,311,090

42,234
295,532

12,114

Stock ------->
$12,886,400
21,280,300
3.051.800
2.446.800
750.000

54,692
293,418

N ia g a r a G o r g e Jam 1 to M ar. 31 -----

,------- C a p i ta l
Issu ed .

G lucose Sutr. Ref. p ref...... $18,039,300
do
do
com. .. 24,027,300
N at. S tarch Co. p re f.......... 4,028,800
2,201,226
............
do
do com . ___ 2,695,900
15.539,600
7 ,1 2 6 ,2 0 0 1 Illinois S ugar Hof. Co.......
3760,000
f o r $ 1 ,4 00,000 c u s h ( b u t I C harles Pope G lucose Co.
120,000
see x ) and fo r shares ;
acquired In _
.J N. Y. Glucose Co................. 2,600,000

9,288
64,363

1 ,2 1 2

N. Y. < N orth
fe

S h o reJam 1 to M ar. 3 1 ___

N am es of
C o n s t i t u e n t C o m p a n ie s .

P r e fe r r e d .
$10,081,750
..............
3 ,4 00.210

225,090

15,848
106,235

C astle T r a c t ... A pr.

C om m on.
..............
$ 2 0 ,000,376
..............

3,568

M o n treal St. B y — A pr.
Oct. 1 to A p r. 3 0 ....

New

SHARES ISSUED AND ACQUIRED.
,----- C o rn P r o d u c t s Co. -----»

$3,4 83,750

1 to A pr. 3 0 ___

N e w P altz & Po'eie T r .—
Jan. 1 to M ar. 3 1 ....

T he com pany w as organized u n der the la w s of N e w Jersey F eb . 6,
1902,with $28,000,000 of preferred stock an d $48,000,000 o f com m on
stock, which has been, o r is to be, Issued as fo llo w s in exc h a n g e (com ­
p are V . 74, p. 3 *9 , 381) fo r shares of constituent com panies:

1,499
3,248

1,998
7,808

Jam

*32,338
*62,860

The following data have been compiled for the Chronicle
in connection with the official statement made upon the list­
ing, April 28, of the company’s shares, viz.:

*def.3,158 *def.2,643

4,709

2,335
8,896

T o t a l.........................$4,066,491

(Official S ta te m e n t o f A p r il 1 0 ,1 9 0 2 ,)

$900,125
........
357,025
............

5,734

Lond.So. Ry. (C a n . ) .. Apr.

Stock ($500,000 pref.) .$2,500,000
B on d s............................. 1,600,000
Accounts p a y a b le ........
12,656
E m p loyes' deposits......
2,885
Supplies (credit b a l.)*..
4,725
46,225
S u rp lu s ...........................

Corn Products Company.

-def.795

94,276
192,289

2,845
3,927

T o t a l........................ $4,066,491
- V . 74, p. 680, 629.

* def.12,432

2,347

Ith a c a Street R y.—
Jam 1 to M ar. 3 1 ___

L ia b ilitie s—

Y ear.
$

3,511

In t e m a U lT r . (B u ll.)F e b .
Jam 1 to Feb. 2 8 ....

BALANCE SHEET A P R I L 2 8 . 1 9 02.

Previous

Cohoes C ity R R ,—
Jam 1 to M ar. 3 1 ....

H u dson V a lle y R y —
Jam 1 to M ar, 31 —

A statement made to the Boston Stock Exchange shows:

o f N e t J O a m ’s

C itizens’ RR. Lt. & P o w e r
Co. o f i idhkiil—
Jam 1 to M ar. 3 1 ..—

Den v 'r C ity

('B alance S h eet A p r il 28, 1902,)

C u rren t

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

B ro o k ly n H e ig h ts—
Jan, 1 to Mar. 3 1 . . . . 1,061.766
July 1 to Mar J l . . . 3,195,874

LVol . lxxiv .

N at. S tarch Mfg. Co.. 1899
do
do ...
do
do ...
U nited S tarch Co......... 1899
U. S. G lucoseC o............1899
U. S. Sugar K ef......................

Com.,
1st pf.,
2d pf.,
T otal,
do
do

$4,460,700
2,219,400
1,840,600
5,059,000
1,832,000
2,000,000

S t o c k . ---------------- ■
>
H e ld .
O u t ’g.

$4,420,900
Canceled,
a367,800
5,050,000
J,828,5t0
bl,975,100

Bonds
O ut.

$29,800)
None. > c$3,002,000
7.U00)
None.
.................
4,100
...........
24,900 d l 000,010

a A nd $1,482,000 canceled. 1 In clu d es §1.831,600 held by U. S. Glucose Co.
>
and $143,600 held by Nat. S tarch Co. c “ N ot assum ed” by N at. S tarch Co.;
on Feb. 28,1902, th e tru ste e s of th e sinking fu n d fo r th is loan h e ld stocks and
bonds valued in balance sh eet a t $184,881, an d th e re was due said tru ste e s $200,607. d Includes $222,010 retire d an d held by or fo r N ational Starch Co. T h ere
are also $939,000 2d m ortgage 6s held by N at. S tarch Co.
F u rth er facts resp ectin g the constituent; com panies are
m ay be foun d) as follow s:

giv e n (or

GENERAL INFORMATION.
G lucose S u g a r R e fin in g Oo .— L a s t rep o rt Y . 73. p. 722 and 842; s t a te ­
m ent to N. Y . Stock E x ch an ge, V . 67, p 1263; also see V. 65, p. 327.
The net e arn in gs from A u g . 1, 1901, to M arch 31, 1902(M aroh b e in g
estim ated), am ounted app ro xim ately to $1,500,000.
N a tio n a l S ta r c h Go.—Consolidation plan , see V . 70, p. 742- O n F eb .
28,1 9 0 2 , the com pany had outstan diug Dills p ay ab le, $1,503,805;
accounts p ay ab le, $405,439; interest accrued, $134,851. Contra;
Cash, $156,803; bills and aocounts receivable, $774,553; supplies,
$2,311,585; interest, etc., p rep aid , $59,549.
U n ited Starch Co.— C onsolidation, see V. 69, p. 593.
U . 8. G lucose Co. and U . 8. S u gar R ef.— See V . 68, p. 1134.
I ll i n o i s Suga?' R e fin in g Oo.—P la n t at PekiD, 111., built w ithin last tw o
years. N e t quick con vertible assets o ver $200,000. B o n d s a ll p aid
off a t 105. See also V. 73, p. 496.
C h a rles P o p e G lucose Oo .—O rig in a lly k n o w n as G e n e v a G ra p e S u g a r
00. N e t quick con vertible assets o ver $100,000.
N e w Y o r k G lucose Go.—P la n t at Shady Side, N . J., is p ra c tic a lly com ­
pleted, and Is equ ipped w ith a ll the latest machinery- It is expected
to be in fu ll operation w ith in a co m p aratively shore time, and then
to h a v e a g rin d in g capacity of app ro xim ately
30,000 bushels
of oorn daily; funded debt, $2,500,000 bonds, all outstanding, b e in g
ffrst m o rtgage 6 p. o. 25-year $1,000 gold bonds; sinking fund, 4 p.o.
yearly, $40 of the p rin cip al of each bond being retirab le Sept.
1, yearly , begin n in g in 1902, b u t the bonds not b e in g subject to c a ll,
O f its oapital stock 49 p e r oent is ow n ed by the C orn P ro d u c ts Co.
- V . 72, p. 393.

RIGHTS OF PREFERRED STOCK—BONDS.
T he rights of the preferred shares an d the provisions respecting
bond Issues are stated In the A rticles of luoorporattou as follows;
“ The holders of the preferred stock sh all be entitled to receive.w beu
and as declared from the su rplu s or net protits o f the corporation,
yearly dividends at- ih e rate of
p o. per annum , aud uo more, pay able
q u a rte rly on dates to be fixed by the b y -law s. The dividends ton the

IH.K CHRONICLE

M ay 24, 1902.]

1087

pref. stook sh all ho cu m u lative, and shall be p ayable before an y d iv i­
The authorized capital stock of the Safety Company is $5,dends on the eoim uon stock sh all bo paid or se t apart; ho th a t I t In 000,000; outstanding in April, 1902, $4,849,600.—V. 73, p. 1268.
any year dividends am oun ting to 7 per ce n t sh all not h ave been paid
thereon th e detlolenoy shall be p ayab le b efore an y divid en ds shall be
United StateB Rubber Company.
paid upon or se t apart, on the com m on stoolc. In th e e v e n t of any
( Report for the year ended March 31, 1902.)
liq u idation , d issolu tion or w in d in g up (volu n tary or Involuntary) of
the corp oration , th e lioldors o f th e preferred stoolc shall bo en titled to
President Colt alludes to the acquisitions in 1802 93 by
be paid In full both the par am oun t of their sh ares and th e unpaid
d iv id en d s accrued thereon b efore an y am ount sh a ll b e p aid to th e which the percentage of productof the United Stato Rubber
holders o f th e com m on stock.
Co. and its subsidiary companies was raised to abm' threeU n less authorized by vote given In person or by p ro x y by stoekliold
era holding a t least tw o-thirds of th e cap ital sto ck ,a t a sp ecial m eeting quarters of the total output of rubber shoes in the United
called for th a t purpose, or an an nu al m eetin g, the board o f d irectors States (V. 74, p. 733), and then says in substance:
It becam e ap paren t m ore than a year ago th a t prions w ere m ain­
shall not m ortgage or p led ge any e:f the com p any’s real p rop erty, or
an y shares of th e oap ltal stoolc of any other corporation; but th is pro­ tained at a figure w liloh stim u la ted com p etition. A redu ction was
h ib ition sh all n ot be con stru ed to ap ply to the exeon tio n of any pur­ made in th e se llin g p rice of standard goods to the co st of m a n u ­
ch ase m oney m ortgage or any other purchase m oney lien or the facture. A s a resu lt our sa les w ere la rg ely in creased. For th e year
assu m p tion o f an y m ortgage debt resting upon an y p ro p erty pur­ ending March 31, 190^, th e g ro ss sa le s w ere $ 1 5 ,9 1 7 ,6 3 6 , as again st
$ 3 2 ,2 z4 ,216 th e p rev io u s year, and for th e year ending March 31,
ch ased, or to b e purchased, by the corporation.”
1902, th e n
sa les were 2 5 3
$
All the acquired shares of stock are temporarily held by an Increase et g ross of 4 2 ‘5$per,4ce6 ,1 5 0 . an a gea in st22 2 0 ,8 5 3 ,6 3 3 , being
In
n t and in n t of
per cent.
Cuyler, Morgan & Co., and will immediately after July 1,
W hile It is tru e th a t th e op eration of th e U nited Hta’es Rubber Oo.
com
ies
profit,
1902, be transferred to the Guaranty Trust Co. in the names and 9 its subsidiarycon p anated sh o w s a very sm all n et snrplu* n am ely
11
and th
b alance
eet
of
of persona other than members of the board of directors of $ 4 2 ,0,4 9 5 ,and w heile itsolidalso tru e th a t sh e chshow s a off on p ro ponly
$
11,
Is
th
arging
erty
the Corn Products Co., with proper provisions against the accoun t th e Item s of d oub tful v a lu e has caused a deficit of $ 1 ,110,314
sale or disposition of any such shares by the Corn Products in the b alance sh ee t of th e U nited S ta tes Rubber Itself, n ev er th e less
t ev e
g is
a
Co., except with the consent of the majority of the stock­ It Is believed th a from ry th intim en o w brought e dow n to of rook-bottom
th
forw
th
up
holders, proper reservation, however, bemg made for the use basts and th a t W ith amis w orking ard p ita l p rocessith thbuilding for
should go on.
ple
ca
and w
e p lans
of such shares for purposes of consolidation. The officers and con centration and econom ies in p u rch asin g and m anu factu ring, and
th e broad p o licy in sa les recom m ended b y you r m a n a g em en t to fo l­
directors were given in V. 74, p. 530,— 74, p. 886, 777.
-V.
lo w the large v o lu m e of b u sin ess alread y secured, th ere Is ev e ry
reason to b eliev e th a t In th e fa tu r e th e b u sin ess ca n be a s profitable
George A. Fuller Company.
as It has been In th e p a st h a lf oentury.
{Official Statement of May 7 ,1902.J
T he m an agem en t has recen tly funded th e en tire floating Indebted­
U
ta tes
and
oom
y
Issue
The official statement to the New York Stock Exchange n ess 1of ,0 0n0ited0 S3-year R5ubber ce n t su b sid iaryo te s, panles, bon th epril 1,
of * 2
,0 0
per
funded n
w hich
A
says in substance:
1 902, w er e sold to th e F irst N ation al B an k and B lair & Co. (V. 7 4 ,
The com p any w a s Incorporated In N ew J ersey on M arch 3 0, 1901, p. 733.
The com pany, under recen t a rran gem en ts, Im ports m o st of Its crude
and took over th e b u sin ess and properties of the G eorge A. F u ller Co.
of Illin o is, w hich had a large and profitable b u sin ess In th e c o n str u c ­ rubber under Its ow n le tte r s of credit, thereby sa v in g co m m issio n s
tio n of buildings. The a sse ts of th e Illin ois corporation a s appraised In­ and ob talu in g other a d v a n ta g es of dlreot im portation . A s th e co st of
cluded: (1) S ecu rities, con tracts and property read ily co n v ertib le in to crude rubber is n early one-half th e to ta l co st o f th e m a n u fa ctu red
cash valu ed at $ 2 ,1 5 0 ,0 0 0 , and (2) good-w ill, to o ls, m ach inery and product, tn e n ew m a n a g em en t fe e ls th a t th e subject d em ands th e
other p rop erties w hich w ere n o t rea d ily co n v ertib le in to ca sh , and c lo sest a tten tio n , and th a t ev e n g reater o p p o rtu n ity th a n ka-i y e t
th e v a lu e of whloh w a s d ep en dent upon th e oon tin uan oe o f th e busi­ b een realized e x is ts for o b ta in in g crude rubber a d v a n ta g eo u sly . T h e
n ess of th e corporation, valu ed a t $ 1 0 ,0 0 0 ,0 0 0 . Comm on stock o f th e physioal condition o f the p la n ts has beeu w ell m a in tain ed , th e b u ild ­
n ew com pany to th e am ount of $ 1 0 ,0 0 0 ,0 0 0 and preferred sto ck to in g s are in good repair, and th e m ach in ery is up to d a te and first-class
th e am ount of $ 2 ,1 5 0 ,0 0 0 w ere issu ed in e x c h a n g e fo r th e se a sse ts. In ev ery resp ect.
W e h ave arranged for q u a rterly a u d its o f th e books and a cco u n ts of
T he rem ainder of th e $ 5 ,0 0 0 ,0 0 0 preferred stock , am o u n tin g to $2,8 5 0 ,0 0 0 , w as issu ed for cash. The b alan ce ($5,000,00 0 ) of th e $ 15,- both th e U nited S ta tes R ubber and th e su bsidiary com p an ies by a
firm of certified p ub lic acco u n ta n ts.
0 0 0 ,0 0 0 com m on stock has n ot as y e t b een Issued, b u t m a y be Issued
W hile the ex p o rts of rubber are still r e la tiv e ly sm a ll, it is g ra tify in g
on order of directors.
to know th a t our foreign trade h as in crea sed from a to ta l o f n e t sa les
The business i s principally the construction of large fire­ in 1899 o f $ 1 2 2 ,3 2 2 to $ 7 4 1 ,7 3 7 .

proof buildings in the cities of New York, Boston, Chicago,
The operations of the U. S. Rubber Co. for the year ended
Pittsburg, Philadelphia, Washington, Baltimore and Rich­ March 31 were:
mond. The statement for the fiscal year ending March 31,
1902.
1901.
1 900.
1899.
Profit from oper. p la n t,
$
$
$
$
1902, shows:
The com pany en tered in to 38 co n tra cts for b u ild in gs in va rio u s
cities, viz.: N ew Y ork, 18, aggreg a tin g $14,65 0 ,0 0 0 ; B oston , 6, a g ­
g regatin g $1,805,000; C hieago, 4. a g g reg a tin g $2,8 5 0 ,0 0 0 ; B a ltim o re,
5, a g g regatin g $810,000; P ittsb u rg, 3, a g gregatin g $ 5 ,3 0 0 ,0 0 0 ; P h ila ­
d elphia, 2, aggreg a tin g $600,000; to ta l, $ 2 6 ,0 1 5 ,0 0 0 .
PEO FIT A ND LOSS ACCOUNT Y E A R E N D E D MAECH 31, 1902.
N et profits d erived from co n tra cts for th e con stru ctio n of
b u ild in gs (allow ance b ein g m ade for th e re n e w a l and r e ­
p air o f p la n ts and m a c h in e r y ).................................................... $ 1 ,5 2 0 ,1 2 7
1 2 0 ,1 2 4
In te re st and r e n ts..................................................................................
T o ta l....................................................................................

Deduct—

$ 1 ,6 4 0 ,2 5 2

Office, ad m in istrative and other ex p en se s......... ........................
D ep recia tion w ritten off (on re-v a lu a tio n o f sto ck s and
bonds March 3 1 , 1 9 0 2 ) .....................................................................
D iv id en d s aggregatin g 7 p. c. paid on p referred s to c k ..........

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

$ 5 8 9 ,5 0 6
B alan ce, s u r p lu s ................................................................
BALANCE SH EET MAECH 31, 1902,
Assets—
Liabilities —
C ash..................................
$ 5 1 3 ,5 9 7 Common stock ............. $ 1 0 ,0 0 0 ,0 0 0
S tocks .............................. 3 ,1 4 9 ,3 9 8 P referred sto ck ............ 5 ,0 0 0 ,0 7 0
B e a l esta te m ort. bds.
7 8 7 ,0 8 0 B ills p a y a b le .................
6 2 0 ,0 0 0
R eal e s ta t e .....................
8 85,949 A ccou n ts p a y a b le ___
3 1 9 ,0 3 7
B ills re ce iv a b le...........
131,717 Subscription acoonnt.
1 8 0 ,0 0 0
A cco u n ts r e c e iv a b le .. 1,325,921 D ivid en d No. 4 ...........
8 7 ,5 0 0
x P la n t, e t c ................... 1 0 ,0 0 2 ,4 8 0 Surplu s.......... .................
5 8 9 ,5 0 6
T o ta l..........................$ 1 6 ,7 9 6 ,0 9 3

T o t a l.........................$ 1 6 ,7 9 6 ,0 9 3

x In clu d es fixtu res, tools, m aterials, eto.; also good -w ill o f G eorge
A. F u ller Co. of Illin ois.

The greater part of the stocks and bonds which the com­
pany owns (aggregating $3,936,428. as per balance sheet,!
has been taken in part payment for the erection of build­
ings. Directors and officers;
D irectors.—J a m es Stillm an , H ugh J. G rant, H en ry M orgenthau, H .
8. B lack , 8 P. M cConnell, C harles G. G ates, all of N ew Y ork C ity;
Thorw ald S tallkn echt, Orange, N. J ., and JohnO . F lem in g, C hicago, 111.
Officers —H 8. Black, P resident; 8. P. M oConnell, V ice-P resident;
B yron M. F ello w s, Treasurer, and B. G. B abbage, S ecretary.—V. 74,
p . 1041.

Safety Car Heating & Lighting Co,
( Statement for year ended Mar. 31, 1902.J

An official statement showing profits of the Safety and
Pintsch companies for year ended Mar. 81,1902, is as below:
EABNINOS Y EAR ENDED MAECH 31, 1902.
S a f e t y Co .
P in t sc h C o .

Received for equippi/ng—

Received from —

1,777 ca rs, lig h tin g ___ $ 4 0 2 ,3 4 1 Sale o f g a s ........................... $ 3 7 8 ,3 1 7
1 ,3 3 0 cars, h ea tin g .............................. 89,883 s o u r c e s ....................
1 9 ,7 6 0
Other
12 b u oys, e t c .................
7,501
Other re v en u e..................... 37,757
C ross Incom e............... $ 3 9 8 ,0 7 7
L ess e x p e n d itu r e s ...........
9 2 ,5 8 0
T otal gross In c o m e ...$ 5 5 7 ,4 8 2
L ess e x p e n d itu r e s _____ 118,857
N et Incom e...................$ 4 3 8 ,6 2 5 |
N et In com e....................$ 3 0 5 ,4 9 7
Total net in com e for both com p anies .................................... $ 7 4 4 ,1 2 2
L ess d iv id en d s S afety Oo., 1 1 p. c ................................$5 0 7 ,7 6 2
do
do
P in tsch Co. pfd., 6 p. o........................ 1 8 ,0 0 0 — 52 5 ,7 6 2
B alance, surplus

$ 2 1 8 ,8 6 0

incom e from in v e st’s .
1 1 5 .8 0 2
N e tfr o m s a le o f g ’ds,&c. def. 57 ,4 2 1
E x p en se s, e t c ..................
B a la n c e .............
D iv id e n d s................... .

5 8 ,3 8 0
4 7 6 ,4 8 9
d ef.4 1 8 ,1 0 9
........

2 3 1 ,3 5 5 2 ,2 4 6 .0 3 0 2 ,5 1 9 ,2 3 1
3 4 ,2 6 7
9 8 7 ,7 4 3
8 9 7 ,ISO2 6 5 ,6 2 2
2 0 3 ,0 1 6

3 ,4 1 6 ,3 8 1
18 9 ,8 6 7

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

B alan ce . . ............... d ef.4 1 8 ,1 0 9 4 ef.6 4 3 .1 5 9
P rev io u s su rp lu s............
2 5 ,0 1 3
8 3 2 ,7 0 3
T otal su rp lu s........... d ef.3 9 3 ,0 9 6
C hargedoff........................
7 1 7 ,2 4 9

3 ,2 8 3 ,7 7 3
2 2 5 ,8 8 6

1 8 9 ,5 4 4
1 6 4 ,5 3 1

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

1 ,3 4 4 .4 7 4
1 0 8 ,9 1 3

1 ,0 0 2 ,7 2 9 1 ,4 5 3 ,3 8 7
170,026
6 2 9 ,8 6 4

B a la n c e ..................... d ef.1 ,1 1 0 ,3 4 5 8 u r.2 5 ,0 1 3 su r.8 3 2 ,7 0 3 su r.8 2 3 ,5 2 3
U , S. B U B B E E CO. BALANCE SH EET MARCH 31.
1 902.
1 901.
1600.
1 899.

A s s e ts —

$

$

$

$

C ash.....................
1 ,4 1 8 ,9 7 2
7 6 3 ,4 9 1
6 2 8 ,6 3 0
5 5 7 ,6 6 7
N otes & aeots. reo’v a b le .
4 ,9 1 9 ,2 9 5 6 7 0 ,1 5 5 1 ,8 8 7 ,5 0 3 1 ,7 9 9 ,1 5 6
M erchandise on h a n d ___ 1 ,1 3 7 ,6 3 4 1 ,2 5 9 ,3 5 3 1 ,3 9 4 ,0 1 9 1 ,6 1 7 ,6 1 0
P rop erty, p la n t & in v e st.4 8 ,6 4 5 ,7 7 0 4 7 ,3 2 3 ,3 5 6 4 6 ,9 6 1 ,8 3 6 4 6 ,9 1 0 ,5 0 9
D efloit.................................... 1 ,1 1 0 ,3 4 4
............................................................
T o ta l..............................5 7 ,2 3 2 ,0 1 6 5 0 ,0 1 6 ,3 5 6 5 0 ,8 7 1 ,9 9 3 5 0 ,8 8 4 ,9 4 2

Liabilities—

Preferred sto c k ..................2 3 ,5 2 5 ,5 0 0 2 3 ,5 2 5 ,5 0 0 2 3 ,5 2 5 ,5 0 0 2 3 ,5 2 5 ,5 0 0
Comm on sto c k ................ 2 3 ,6 6 6 ,0 0 0 2 3 ,6 6 6 ,0 0 0 2 3 ,6 6 6 ,0 0 0 2 3 ,6 6 6 ,0 0 0
A ccoun ts p a y a b le..............
4 1 9 ,1 8 8 1 ,6 4 8 ,6 9 4 1 ,4 1 7 ,0 9 4 1 ,7 1 1 ,2 6 3
D ue oom pan ies................... * 3 ,4 3 5 ,1 9 7 * 1 ,1 5 1 ,1 4 9
*253,015
* 217,635
R eserved for d iv id en d ................................................... 1 ,1 7 7 ,6 8 0
9 4 1 ,0 2 0
B ills p a y a b le....................... 3 ,3 4 5 ,0 0 0
............................ ........
..............
L oans p a y a b le ..................... 2 ,7 8 0 ,3 5 6
.............................................................
R eb ates, n ot d u e ...............
6 0 ,7 7 4
.............................................................
S u rp lu s.........................................................
2 5 ,0 1 3
8 3 2 ,7 0 4 8 2 3 ,5 2 3
T o ta l................................5 7 ,2 3 2 ,0 1 6 5 0 ,0 1 6 ,3 5 6 5 0 ,8 7 1 ,9 9 3 5 0 ,8 8 4 ,9 4 2
* A m ount “due oom pan ies” rep resen ts goods so ld by th is com p any
on com m ission for m an u fa ctu rin g oom panies for w hich p a y m e n t has
not been m ade.
CONSOLIDATED INCOME ACCOUNT OF THE U. S. RUBBER CO. AND ITS
SUBSIDIARY COMPANIES FOR YEAR 1901-02.
Gross sales boots and shoes.$15,917,537 M anufacturing profits ........ $1,697,665
Less discounts, allowances,
Selling and general exp’ses. 1,223,196.
rebates and returns
__ 24,721,107
Operating profits
...... $474,460
Net sales boots & shoes.. $21,106, '29 O ther income
.............
708,126.
Miscellaneous n et sales ...... 4,239,720
N et profits....................... $1,182,605
Total n et sales................$26,436,160 In terest on loans ................ $820,709
Cost of goods sold ($23,105, •
in te rest on B. It. Shoe deb..
240,000
814) & m anufacturing ex­
In terest allowed customers.
202,380penses & taxes ($032,670). 23,738,-185
$1,063,099
M anufacturing profits... $1,607,665
Surplus for period........... $119,495
CONSOLIDATED BALANCE SHEET MAECH 31, 1902, OF U. S. RUBBER CO.
AND ITS SUBSIDIARY COMPANIES.
yi 88dt8_
Liabilities—
Property and plnntK..............$46,293,839 P r e f e r r e d s to c k ....................... $23,526,500
Inventories, m ’f ’d goods and
C o m m o n s to c k .......................... 23,666,000
m a te ria ls ............................ 13,642,834 it. H ub. S h o e Co. d e b ............. 4,800,060
Cash
................................ 3,881,699 F ix e d s u r p l u s e s ...................... 6,939,606
Bills receivable......................
500,125 B ills p a y a b le ........................... 9,892,267
A c c o u n ts r e c e iv a b le ................ 5,800,936 Loans payable....................... 2,829,193
Securities owned ................. 8,838,057 A c c o u n ts p a y a b le ................... 1,196,078
Miscellaneous assets............
172,19} D e fe rre d l ia b i li t ie s '...............
211,340
D o u b tfu l a c c o u n ts ...................

Surplus...................................
Total assets......................$78,181,236
- V . 74, p. 991, 836.

29,361

42,011

Total liabilities................$78,131,286

IHE
GENERAL IN V E S T M E N T

CH RO N ICLE

NEWS,

M ILKOADS, INCLUDIN'** STREET ROADS,
a
Akron A Barberton Belt Line 11Lt -Consolidation ,—This
oompanj , having $100,000 capita,! acock in $100 shares, and a
proposed bond issue for $1,5 0,000, baa been form ad by conrioiidatiou of the following corporations, to retire whose
existing stock and bonds new securities to the amounts indi­
cated will, it is stated, be applied, viz,:
I. a.! tier ton Hell Line R ft., $40,00} stool: and $360,000 bonds; Clove*

land B arberton at Western lili, $10,00 > stook and $90,000 bonds,

and B arberton A kron &. E ast B elt Liao Oo„ $50,000 stook and $450,000 bonds.

The remaining $600,000 of the new bonds will, it is re­
ported, be reserved to meet future requirements. The road,
which embraces a belt line around Barberton, O., was re­
cently a dd to the Pennsylvania RR., the Baltimore & Ohio
RU , tbeErie UR and the Vanderbilts, each of which fourinterests owns $15,00 ) of the capital stock. Directors: James
Me Tea (President), W, H. Newman, E, B. Thomas and
Oscar G, Murray. 8, B, Liggett is Secretary.
American Elevated RR. ~ <87aLn.—The fall in the price of
the company’s shares from 44% last month to 1 on Wednesday
has aroused inquiry as to the character of the enterprise.
President Coagelton made a long statement, which was pub­
lished in the “ Evening Post” of Wednesday, and which was
mostly covered by the extracts from the prospectus in the
Chronicle , V. 78, p, 337. Besides the alleged franchise for
an elevated road in this city from the Battery to Harlem,
etc., the President says the assets include “ the right of way
for a road between Camden and Atlantic City and two other
charters in cities outside of New York State.” Stock to a
total of about $3,000,000 has been issued, of which all except
about $750,000, it is asserted, is owned by the management
and its friends, and is under lock and key.— 74, p. 629,
V.
528, 149.
Ann Arbor RR.—Sold to Gould Interest*.—A syndicate
closely identified with the Gould interests has purchased
from leading stockholders the control of the Ann Arbor RR,,
extending from Toledo northwesterly across the State of
Michigan, a distance of 293 miles, and also operating car fer­
ries across Lake Michigan. The road will hereafter serve as
a feeder for the Wabash Ry. See maps on pages 9 and 143
of Investors’ Supplement .— V, 73, p. 493.
Atchison Topeka A Santa Fe R j —Earnings.— President
Ripley says:

The earnings for nine m onths of the y e ar have been published, and
if, as seem s probable, th ere are no losses w ithin the n e x t th ree
m onths, th e figures indicate th a t an a m ount equal to ab o u t 10 p er
c en t on the common stook will hav e been earned d u rin g th e year. I t
should be borne In m ind, however, th a t th is does n o t tak e into ac­
count the proportion of p rincipal an 1 in te re st due on th e debenture
bond issue during th e p a st w inter, am ounting annually to $2,500,000
fo r th e p rin cip al and $1,200,000 for the in terest. I t is tru e t h a t none
of th is w ill become pay ab le before the end of th e fiscal year, but
n e a rly h a lf of it w ill have accrued as an indebtedness, and th is w ill of
course ten d to reduce th e aotual earnings available lo r dividends.—V.
74, p. 1037, 882.

[VOL. l x x iv .

new mortgage has been made to the Knickerbocker Trust Go.,
as trustee, to secure $2,000,000 5 p. c, 20-year gold bonds.
Of the new issue $850,000 are held to retire at maturity
(May 1, 1920) the bonds of the Canton Massillon Electric Ry,;
$400,000 are reserved for future improvements on the consoli­
dated property; and the remaining $750,000 are issuable at
once on account of the construct! >n and equipment of the
road, to be opened to the public: June 1, from Canton to
Akron, a distance of 22 miles, The first car was run over
the line on May 15,
Consolidation,- The shareholders of the Canton-Massillon
Electric Railway Go. will vote June 19 on a proposition to
consolidate with the Canton be Akron Electric Ry. Co,
Preferred Stock. —
Tucker, Anthony & Co. have placed
$600,000 6 p, c. non-cam. pref. stock of the Canton & Akron
Railway Go. at par ($100 a share), each share carrying
with it a bonus of 50 per cent in common stock.
Canton-Massillon (0.) Electric Ry.—Consolidation.—See
Canton-Akron Ry. above,—Y. 74, p. 629, 528.
Cape Breton Ry.—Sale o f Ronds,—
Muller & Co. sold at
auction this week $30,000 of the first mortgage 5s at $1,610
for the lot.—V. 74, p. 986, 775.
Chicago Burlington & (|ulmcy RK.—Called Bonds.— On
June 2 tnere will be paid at par and interest by the trustees,
No. 50 State Street, Boston, $11,000 Tarkio Valley RR. and
$10,000 Nodaway Valley RR. first 7s.—V. 74, p. 426, 204.
Chicago I ndianapolis & Louisville Ry.—Ex ict Terms o f
Exchange.—It is officially announced that the Southern
Railway and the Louisville & Nashville RR companies will
offer a joint 4 per cent bond in exchange for the stock of the
Chicago Indianapolis & Louisville on the basis of 78 for the
preferred. The offer includes an option of 60 per cent in cash
common in the new bonds [at par] and 90 for the
and 40 per cent in bonds in case stockholders do not wish to
take the entire payment in bonds; in other words, for $100.
preferred, $540 cash and $360 bonds, and for $100 common,
$468 cash and $312 bonds. The new bonds have been under­
written at par by a syndicate. It is understood that a con­
trolling interest in the stock has already beep acquired on the
terms stated.
The bonds will be a collateral issue secured by deposit of
the stock in trust, being a joint liability of the Southern
and the L. &N.; should either fail to meat its part of the
obligation, it will be incumbent upon the other road to make
goed the entire amount. Theoretically, each road is liable
for one-half of the debt, but in reality, i, e., if it came to an
issue, each road is liable for the whole debt. President Spen­
cer of the Southern Ry. says the “ Monon” (as the road is
commonly known) will continue to be operated as an inde­
pendent property. The boards of directors of both the pur­
chasing companies have ratified the transaction.—V. 74, p.
1037, 775.
Columbus & Hocking Coal & Iron Co.—New Management.
— the annual meeting on Wednesday the party in opposi­
At
tion to the existing management voted 84,808 shares, against
14,185 shares voted by tlie old management. The following
were elected directors:
William P. Bloom, Charles S. Binns, Win. H. Ziegler, S. A McMani.
gal. A, L. Thurman, M L. O Kaclielmaeher, P. M Oronise, Robert
.
.
.
Dixon and Joseph H. Outhwaite.
The first three men were re-elected by the old management
through the cumulative method of voting permitted under
the Ohio law; the others, including Messrs. Dixon and
McManigal of the old board, were elected through the votes
of the New York party. Mr. Kaehelmaeher was elected to
the presidency. Ex-President Ziegler and associates claim
the election of directors was illegal and refuse to surrender
the company’s books.—V. 74, p. 1040, 990.
Connecting Ry. of Philadelphia.—
Mortgag<.—This com­
?
pany, which is controlled by the Pennsylvania RR,, and
which on Jan. 1,1902, absorbed several other subsidiary lines,
has made a mortgage to John P. Green, as trustee, to secure
$5,000,000 bonds.—V. 73, p. 39).
D elaw are & Hudson— lbany &S u sq uehan na—N#w York
A
& Canada—
Rensselaer A Saratoga.—Earnings of the D, &
H, leased lines in New York State for the three months end­
ing March 31 were:

A tla n tic V aldosta & W estern Ry .—
Sale Reported. —This
road is reported as having been sold to the Southern Railway
Co. At the offices of the respective companies our repre­
sentative was informed that nothing could be said regarding
the report, but its truth was not denied.—V. 73, p, 956.
Berkshire Street Ry,—
Approved.—
-The Massachusetts
Railroad Commissioners have authorized the issuing of
$500,000 5 p. e, 20 year bonds.—V. 74, p. 726.
Birmingham & Atlanta Air Line Ry.—Connection to B ir ­
mingham, for Seaboard A ir Line .—This company, which ob­
tained a charter a year ago and is owned by the Seaboard
Air Line, will take over the East & West Railroad of Ala­
bama, which has just been purchased from the Kelly Estate
(see East & West RR. below).
The new company will be capitalized for $5,000,000 each
of stock snd bonds. Tne latter will be first 50-year bonds,
bearing not more than 4 p. c, interest and issuable at not
exceeding $25,000 per mile, Tney will cover the road, ter­
minals and rolling stock, and will include new construc­
tion. Some 80 miles of road will be built to extend the Sea­
board system from Atlanta to Birmingham, where ample
terminals have been secured. Work will begin at once and
the extension will be completed within a year. Th9 neces
sary financing of the project has been arranged. The Bir­ S months. r-Albany & Susqueh,—, —N.T.& Canada.-. r-Bens. & Saratoga,-^
1902.
1901.
1902.
1801.
1902.
l£)Jl.
G
$557,915
$538,791
mingham Belt road, we are informed, will not form part of N reot s s _____ .$1,115,942 $1,261,306 $238,319 $337,688
.................. 663,646
693,843
89.033
86,878
123,860
133,421
91,85 8
9 *.727
806,432
309.850
the n6W line. [This is not the Birmingham & Atlantic RE.] C h a rg e s .......... 309,005 313.977
a n c ____
254,641
Brooklyn Heights R R .— Quarterly,—Earnings for the -BV la 74,e p . 475, 265; V . 73, ■ 384.866 d ef.2 ,8 3 5 0 1 7 ,8 6 1 df.lS S .573 d f.lS 7 .4 2 9
.
p. 1111.
quarter and the nine months ending March 31, covering the
Detroit & Mackinac Ry.—
New Directors. -Henry McHarg,
operations of lessor companies, were:
Walton Ferguson, A. D. ‘
Moran and Edward H, Bonner have
3 mos. end. Gross
Net
Other hit., taxes,
Balance.
been elected directors, succeeding Charles Steele, Anthony J.
Mar. 31— earnings, earnings, income.
etc.
surp. or def.
1 9 0 2 ......$2,625,5i»Q
$345,929
$67,371 $1,051,765 def.$34S,466 Thomas, Henry B. Hollins and Edmund B. Randolph, who
1901...... 2,650,234
874,019
65,432
1,144,418 def. 204,937 resigned.—V. 74, p, 629,
9 mos.—
East & West MR., Alabama.—Sold,—A syndicate headed
1901-2...$8,470,536 $2,604,527 $252,195 $3,195,874 def.$339,152
1900-1... 8,585,830
3,363,499
233,777
3,455,102 sur. 142,174 by Ladenbarg, Thalman & Go. has purchased the $1,500,0)0
capital stock of this unbonded road from the Kelly estate
—V. 74, p. 935, 477.
See Birmingham & At­
Buffalo A ttica & Arcade RR.-—
New Mortgage.—President for the Seaboard Air Line,
lanta Air Line Ry. and map on page 129 of Investors’ S up
S. S. Bulbs of Glean, replying to oar inquiry, says:
The East & West road extends from Cartersvllle,
T he underlying bonds have a ll been re tire d and m ortgages sa tis­ e l e m e n t
V.
fied of record. The new lo an for $750,000 is for im provem ent of Ga,, to Pell City, Ala,, 116 miles,— 71, p. 60,3.
p re se n t property, p ay m e n t of indebtedness and e xtension to Buffalo;
Fries Manufacturing & Power Co., Winston-Salem.
€.
also to develop a w a te r pow er and to change th e m otive pow er to eleotrio. The details of the new m ortgage have n o t been decided upon. — Bonds Offered.—O. D, Knapp Jr. & Co. of Chicago were re­
See V. 74, p. 986.
cently offering at 98 and interest a block of this company’s
Canton-Akron (E lectric) Ry.—Mortgage.— The mort­ authorized issue of $50),000 first mortgage 5 per cent gold
gage for $1,000,1)00 made last September was canceled and a coupon bonds, dated Jan. 1,1900; optional at 110 J an. 1,1910,

THE CHRONICLE.

May 24, 1902.J

due Jan. 1, 1940. These bonds, of w hich $50,000 are held in
treasury for im provem ents, were Issued for the purpose of
purchasing, consolidating and enlarging the power, electric
street railw ay, electric lighting, ioe and gas plants under one
m anagem ent.—V. 70, p, 483.
G eorgetow n & L ex in g to n (K y .) T raction Co.— About Com
p'.eted.—This lir e, it is stated, w ill shortly bo put in opera
tion; fare for round trip, 40 cents. A line betw een Louis­
v ille and Mount W ashington, 23 m iles, is being surveyed in
the com pany’s interest.— V . 73, p. 1010.
G eorgia F lorid a & A labam a R y .—First Passenger Train.
—The first passenger train was run from A rlington, G a., on
the Central RR. of Georgia southerly to Tallahassee, F la,,
81 m iles, on May 9.—V. 73, p. 32.
H ocking T a lley Ry.— Car Trust B onds—The company
has sold an issue of $1,600,000 of 4 y2 per cent car trust bonds
m aturing in series from Nov. 1, 1902, to 1912, in order to
acquire new rolling stock for the Kanawha & Michigan.
— V. 74, p. 1038, 836.
Houston (T e x .) Electric (Railway) Co.—Listed in Boston.
—The Boston Stock Exchange has listed the $1,500,000 out­
standing first m ortgage sinking fund 5 per cent gold bonds,
due Aug. 1, 1925, but subject to call as an entire issue (but
not in part) at 1073^ and interest, on or after A ug. 1, 1910;
also $500,000 6 per cent non cum ulative preferred stock, and
$2,000,000 common stock, $100 being the par value of shares.
The total bond issue is $2,500,000, but $1,000,000 is reserved
for extensions, additions and improvements; trustee, Inter­
national Trust Co., B oston; annual sinking fund, 1J£ per cent
of outstanding bonds. President, B enjam in H. Diblee;
Treasurer, Henry B. Sawyer. Office, Houston. See balance
sheet on page 1086.—V. 74, p. 680, 629.
|
Interborough Rapid Transit Co., New York C ity.—Pos­
sible Extensions at Company’s Expense.— Chief Engineer
W illiam Barclay Parsons was requested by the R apid Transit
Commission several w eeks ago to subm it plans for an east
side line connecting w ith the present rapid transit route at
42nd St. and Park A ve.; last w eek he was further requested
to prepare plans looking far into the future for a com plete
system of rapid transit roads connecting all the boroughs of
the city. It is announced that A ugust Belm ont, in be­
half of the Interbcrough Rapid Transit Co., recently incor­
porated. to operate the underground lines as now planned,
has offered “ to construct extensions and connections
w ith the com pany’s ow n capital and credit,” the “ con­
struction being in all details conducted precisely in the same
manner as the present work is being done, and becom ing a
part o f the system as a u n it,” and the bonds of the operating
com pany being convertible into city bonds at the option of
the Rapid Transit Commissioners.” Legislation w ill probably
be required to permit the carrying out of this offer. See
official statem ents in fu ll in “ N ew York Tim es” of May 16.—
Y. 74, p. 987.
Kanawha & Michigan R y .—New E quipm ent—See H ock­
ing Yalley R y. above.—V. 74, p. 267.
Lake Shore & Michigan Southern R y —Quarterly.— Earn­
ings for the quarter ending March 31 were:
3 m os. en d .
Gross
N et
M a r. 3 1 —
e a rn in g s,
e a rn in g s.
1 9 0 2 ..............$ 6 ,8 4 5 ,8 9 7 $ 2 ,3 8 5 ,8 7 5
1 9 0 1 ............... 6 ,6 0 7 ,7 4 8
2 ,4 2 6 ,7 3 3
- V . 7 4 , p. 8 7 9 , 680.

O ther
in co m e,
$ 3 9 0 ,0 0 0
3 0 4 ,9 2 0

I n te r e s t,
B a la n c e,
taxes, etc.
s u r p lu s .
$ 9 9 0 ,0 0 0 $ 1 ,7 8 5 ,8 7 5
9 7 9 ,9 2 0 1 ,7 5 1 ,7 3 3

Lake S treet E levated R B ., C hicago.— O ptions.-S. W .
A llerton of Chicago, representing a syndicate, has recently
been obtaining options on the stock at $18 a share good until
July, 1903, the shares assenting to be held in escrow u ntil
that date. The syndicate is also credited w ith having bought
largely in the open market, but for w hat purpose, whether
speculative or otherw ise, and whether, as claim ed, to an e x ­
tent foreshadowing a change in control does not appear.—V.
74, p. 265, 268.

Lima (0.) Electric Railway & Light Co.— I n c r e a s e

of

Stock .—The capital stock has been increased from $500,000

to $850,000.— Y. 74, p. 829.
L ittle Rock ( A rk.) T raction & E lec tr ic Co.—New Presi­
dent.—Judge W . E. H em ingw ay is President.—V. 73, p. 784.
Long Isla n d R R .—Bonds .—The N ew York Stock Exchange
has been requested to list $675,000 additional'unified m ort­
gage 4s, m aking total listed $6,360,000.—V. 74, p. 829.
L o u isv ille & N ash ville RR .—Joint Control.—See Chicago
Indianapolis & Louieville above.— V. 74, p. 1038, 987.
M anistique M arquette & N orthern R R .— Officers.—'The
officers of this company, w hich has purchased the Manistiqne & N orthw estern Ry., are: R. R. Metheany, President;
D. W . K aufm an, Vice-President and Treasurer, and B. B.
M etheany, Secretary.—V. 74, p. 883.
M assachusetts E lectric C om panies .—Subsidiary Com­
panies .—The Massachusetts Railroad Commission has author
ized the Lawrence & R eading Street Ry. Co. to issue $167,000
capital stock in jilace of the bonds for a like amount sanctioned
March 22, 1901. The applications of the Boston & Northern
Street Ry. and the Old Colony Street Ry. com panies for a u ­
thority to issue new stock to the am ount of $400,000 and
$ 100, 000, respectively, have been withdrawn.
New Stock.—T he shareholders w ill vote May 29 on issusuing $5,000,000 additional preferred stock “ for the purpose
of increasing (he investm ent of the ‘companies’ in the stock
of corporations already controlled by it, and of investing In
the stocks of other like corporations, as the interests of the

10 8 0

trust may require.” tt is expected thab th e new shares w ill
be offered to the stockholders at $96 per share, and t hat a
portion of the proceeds w ill ho used to retire the $3,700,000
\% per cent coupon notes, releasing the collateral. The issue,
it is understood, has been underwritten -V. 74, p, 427, 268.
M em phis S treet R y.—No Consolidation at Prerent -VicePresident F. G. Jones, replying to our inquiry, says:
At present there is no plan on foot for the consolidation between the
elect)lo light and gas companies. The otoek of both concerns has
changed hands recently, but at present no departure from the present,
arrangements Is contemplated.- V. 74, p. 987.
M exican N orthern R y.— Dividend Reduced.—The com pany
has declared a quarterly dividend of % per cent, payable
June 2, reducing the annual rate to 2 per cent, as against 4$£
per cent paid in 1901, 5 per cent in 1900 and 4 per cent yearly
from 1895 t o l8 9 9 .- V . 72, p. 1011.
M inneapolis & S t.L ou is RR .— Director.—John W. M ackay
has been elected a director, succeeding W illiam Strauss, d e­
ceased.—V. 74, p. 94.
M issouri K ansas & T exas R y.—Extension. —See Texas &
Oklahoma R y. b elow .— V. 74, p. 1038, 884.
N a sh v ille & C la rk sv ille RR .—Change of Name.—See T en­
nessee Central RR. below .—V. 74, p. 577,
N ation al RR. o f M exico.—Securities o f Predecessor Com­
pany.—The statem ent to the N ew York Stock E xchange
shows outstanding, aside from the prior lien bonds called fer
payment June 1 and^for the m ost part already retired, only
the follow ing am ounts of stock and bonds of the M exican
N ational R y .: Second m ortgage series A bonds, $3,500; series
B bonds, $4,500; incom e bonds of 1937 none; capital stock,
$454,000 —V. 74, p. 1038, 988.

New Orleans Railways.—F urther Facts Regarding A m a l­
gamation. —The m ain features of the am algam ation plan,
by w hich the street railw ay and ligh tin g interests of N ew
Orleans are to be brought under control or this com pany,
were given in the Chronicle of M sy 10, page 988. The
capitalization of the various constituent com panies is as
follow s, at least a m ajority of the stocks of each com pany
(except the St. Charles Street R R . Co.), as w ell as a ll the
bonds of the N ew Orleans L ighting Co. and the N ew Orleans
R ailw ay Co., being controlled by optional feature or other­
w ise for the purpose of this plan :
CAPITALIZATION OP PEOPOSED CONSTITUENT COMPANIES.
Miles of ,---- Capital stocTc.---- . ,--------- Bonds.--------- ,
road. Common. Preferred. Retirable. Notret’ble.

N ew O rle a n s Li g b tiu g C o ...............
N e w O r le a n s G a s L i g h t C o .............
N e w O r le a n s R a ilw a y s ......... l i i c i
N e w O rle a n s C ity R R . C o . . . ) 110 {
N e w O rle a n s & C a r r o llto n
R R . L i g h t & P o w e r C o ........ 35
S t. C h a r le s S t r e e t R R . C o . . . . 18
O rle a n s R R . C o .......................... 10

$2,000,000
.................
$1,500,000 ..................
3,750,000
...........................................
76,010
5,000,000
.................
2 ,t00,000
.................
5,000,000 $2,000,000
...............
$6,531,000
2,500,000

1 ,0 0 0 ,0 0 0

4,600,000
........................
........................

300,000

T o t a l ................................ ...... 178 $19,560,000

$7,100,000

5,549,000
300,000
400,000

$3,500,000 $12,810,000

The stocks and bonds acquired are to be deposited under
the new $40,000,000 4}~£ per cent m ortgage. U nless at least
a m ajority of the stock of the St. Charles Street RR . Co. can
be secured, it w ill not be included in this plan.
E arnings.— For the year 1901 the receipts of the various
companies, it is stated, w ere approxim ately $3,900,000 gross,
$1,500,000 net. The plan says :
The increase in the gross receipts should he not lees than 10 p. o. per
annum, based uponw batthepropertieshavedonein the past. Operat­
ing expenses can be reduced by a consolidation of the power houses
and shops; reduction in dead ear mileage; substitution of oil as fuel,
and reduction in general expenses about $265,000 per annum.
“ The first year of operation under consolidation, based on
the report of the engineers, Sanderson & Porter of N ew
York, should be :
ESTIMATED EE8ULTS FO E T EA S 1902.
Gross
Net
■------Interest.-------. Balance,
4 p. c. on
earnings.- (over taxes). Old bonds. New bonds, surplus. pref.sik.
$4,234,000 $2,117,000 $630,855 $900,000 $586,14 5 $400,000
Surplus for common stock in 1902, $186,145; in 1903, $319,145.
Voting Trust.—In order that the m anagem ent for five
years may be controlled, it is intended that the scope of the
voting trust of the N ew Orleans R ailw ays Co. shall be so
extended as to cover the intended new issue o f stock, viz.,
common stock, $30,000,000; 4 per cent cum ulative preferred,
$10,000,C O
O.
t yndicate Agreem ent.— The agreem ent provides as follow s:
Subeeribers to the syndioate are to receive a commission of 5 per
cent in cash and 10 per cent in common stock, one fifth ol eaoh to he
retained by the manager as compensation for managing the syndioate;
and also for each $1,000 subscribed to receive $769 23 in 4ig
per cent bonds, $384 61 in prefened stock and $769 23 in oommon
stook, all at par. The securities taken by the syndicate may he held
by the manager for not exceeding twelve months from June 1,1902,
and may be sold by it for account of the syndioate at not less than the
following prices; Bonds; $100 and interest; preferred stook, $60;
oommon stook, $15. Twenty-five per cent of the subscriptions will be
payable on June 1, 1902, and the balance when called for on thirty
days’ notice in instalments of not moie than 25 per cent of the sub­
scription.- V. 74, p. 988, 937.
N ew port N ew s & Old P o in t R a ilw a y & E lec tr ic Co.—
Am algam ation. —See Norfolk Portsm outh & N ew port N ew s
Co. below .—V. 74, p. 327.
New York St, P en n sy lv a n ia HR.— Sale.—This property is
to be sold under foreclosure to-day.—V. 74, p. 428.
N orfolk P ortsm outh & N ew port News Co.— Am algam a­
tion Plan. —Alexander Brown & Sons and J . W illiam Middendorf & Co. of Baltim ore and John L. W illiam s & Sons of
Richmond are the syndicate managers under a plan of a m a l­
gam ation w hich provides that the Norfolk Portsm outh &
Newport N ew s R ailw ay Co. shall change its name to th e
Norfolk Portsm outh & N ew port N ew s Co., increase its

1090

1 HK

CHRONICLE

ca p ita liz itio u as a u th o riz e d by th e A ct of th e V irg in ia L tg isla tu re , 19/2, an d a c q u ire by p u rc h a se a ll th e p ro p e rty a n d
r ig h ts of th e fo llo w in g co m p an ies :
Pttoi-K&Tifc-b t o am a o q u ih e u in P e e .
Berkeley Street Hy. Oo.
PortHUiouth Electric A Gas Co.
N a t i o n a l ( J a a Co. o f H m h o l e y .
It w ill also acquire a m ajority of the com m on stock ($1,075,000) of the N ew port N rw s & Old P oin t R ailw ay & E lec­
tric C > and a m ajority of the stock ($1,650,000) of the Nor.
fulk R ailw ay & L ight Co., w hose system s and ea p ita liz ttio n
em brace :

[VOL. LXXIV,

P e n n sy lv a n ia RR.—Termination o f Contract. —See W est­
ern Union Telegraph Co. below under “ In du strials.”
Honda Assumed. —The bonds of the Sunbury H azelton &
W ilkesbarre and the Sunbury & L ew h tow n are now included
by the P en nsylvania RR. as part of its funded debt, the
S ch u y lk ill & J uniata, w hose obligations they w ere, having
been m erged.—V . 74, p. 880, 577.

P h ila d e lp h ia R apid T r a n s it Co.— Lease Signed—Officers.
—The lease of the U nion Traction C om pany’s lines w as signed
on Monday and w ill become operative on J u ly 1. The n ew
com pany has elected the fo llo w in g officers and directors:
Co m p a n ie s t o b e Oo n t h o ll k d by Sto c k O w n e r s h ip .
President, John B. Parsons; Vloe President, George D. Wldener;
(.C apitalization su p p lied uuottiulally; n o t In plan.)
Beoretary and Treasurer, Gharles O. Kruger.
—
Slock o u t s t a n d i n g ,-------- B o n d s . --------->
Directors, John M. Maok and Michael Murphy, for four years; Win.
C o m m o n . 1‘r e f e r r e d O u ts ta n U ’g. Ow ned.
L. Elklus and P. A. B. Wldener, for three years; J. J. Sullivan and
*
9
$
#
Win, H. Bhelmerdlne, for two years; John B. Parsons and George D.
Newport News * Old Point
£
Wldener, for one year.
R a il w a g it JStedric Oo.*1,075,000 725,000 2,400,000
............
The capital stock is now $30,000,000, of w hich 10 per cent
Citizens’ Hy, Bight &
Power of Newport News.............
675,000
............ ($5 per $50 share) is paid in .—V . 74, p. 1039, 989.
Norfolk .v Atlau Term Oo.................................
............ y5o0,000
Danville Hy. A Elect, Co..
8,000 ............
............ y235,000
P itts b u r g C arn egie & W estern Ry.—C onstruction— The
Ne v port News Gas Co.........................................
...........
y75,000 rem aining contracts for the construction of this extension of
Nor fo li. Hy J L ig h t V o . .. x l ,650,000
........... 2,800,000
............ the W abash system in to P ittsb u rg have been aw arded and
City Gas Oo. of Norfolk (V .62,p.ll39)...........
SCO,000
............
it is ex p eettd the n ew line w ill be in operation before the end
x Majority of this to be held hy the new company. yH eld of the yea r.—V. 73, p. 663.
by Newport News & Old Point Ry. A Eleotrlo Co.
Pittsburg & C h a rlero i Street Ry.— Oversubscribed.—The
Tne above com panies, w hose fran ch ises have from 43 to 47
bonds offered last w eek w ere over-subscribed.—V . 74, p. 1039.
years to run and in som e instances are perpetual, em brace :
Reading Belt RK.—See R eading Co. below.—V. 71, p. 751.
Seven eleotrlo railway systems, owning and operating over 120 miles
of trackage and occupying all of the principal streets of Norfolk,
R ea d in g Co.—Opened.—T he im portant b elt line, 7 % m iles
Portsmontn, Newport News, Hampton, Phmbus, Old Point, Berkeley,
PlunePs Point, Lambert’s Point, Port Norfolk and 8onth Norfolk, in length, around th e city of R ead in g, P a., w as opened last
covering three olties and eight towns located around Hampton Roads, week (see V. 71, p. 751).
and. In addition thereto, ooveriug thickly populated suburban dlsPension System.—The directors of th e railw ay com pany
tries In connection with the above the company will own and oper­
ate six ferry lines, six electric-lighting plants, three ice plants and have authorized the preparation o f a pension system for the
three gas com panies; also three popular sea-aide resorts, with their benefit of em ployes. —V. 74, p. 989, 937.
hotels, bath-houses and pavilions.
R hod e Isla n d Oo.—Details o f Plan. —The report th a t the
The new com pany w ill create the follow in g :
U nited G as Im provem ent Co. of P hiladelp hia has com pleted
N e w S e c u r it ie s .
arrangem ents for th e am algam ation of th e street railw ay,
x F i r s t ( a n d co lla ter a l) m o r t g a g e 5 p. o. gold bonds,
dated June 1, 1902, and due June 1,1942, but subject
gas and electric com panies of P rovidence, is, w e are in ­
to call a t an y In te re s t d a y on 60 d a y s’ n o tic e a t 107 an d
form ed, a m istake. So far a defiuite proposition has been
In te re st; c o u p o n s p a y a b le Deo. 1 an d J u n e 1 a to ttio e o f
m ade only to the stockholders of the tra ctio n com pany, i. e.,
A le x a n d e r Brown A Sons, B a ltim o re , a n d a t th e ir
agency in New York City. Total authorized Issue........$ 4 ,0 0 0 ,0 0 0 the U nited T raction and E lectric Co. This proposition is
Of which to be Issued at once for above acquisitions,
su bstan tially as follow s:
working capital, eto....................................... ................
3,000,000
The Gas Im provem ent Company w ill organize a n ew com ­
To be reserved for future extensions, improvements
and additions.....................................................................
1,000,000 pany', the “ Rhode Island Co.” (see V. 74, p. 884), su bscrib ­
in g for its $2,000,000 stock at par. T his Rhode Island Com ­
Five p e r cen t n o n - c u m u l a ti v e in c o m e b o n d s, dated June
pany w ill lease the traction com pany, guaranteeing expenses,
1, 1902, due June 1, 1942, but subject to oall at par at
any Interest period on 60 days’ notice, the holder,
in terest charges and 5 per cent on the stock. The G as Im ­
however, having the right at any time until May 1,
provem ent w ill guarantee fu lfillm en t of th e o b ligation s of
1912, if the bonds have not been previously retired, to
the latter u n til such tim e as $4,000 000 of n ew property shall
convert them at par Into the stock at Its par value.
In terest payable Feb. 1 and Aug. 1, if earned. See y.
have been added to the traction com pany’s system .
Total authorized, all Issuable at once............................... 2 ,0 0 0 ,0 0 0
A nother com pany, know n as th e Rhode Island Securities
C a p ita l slo c k , total authorized Issue....................................1 0 ,0 0 0 ,0 0 0
Co., w ill be organized in N ew J er sQ w ith $20,000,000 stock
y
Of which present issue to be.............................................
4,000,000
and an authorized issue of $20,000,000th irty-year bonds, viz.:
x T h e m o r t g a g e w ill b e a f ir s t l i e n o n a ll p r o p e r t y a n d r i g h t s n o w o w n e d b y
Series A , $5,000/ 00 four per cen ts, w ith an annual sin king
t h e N o r f o l k P o r t s m o u t h A; N e w p o r t N e w s R y . C o., B e r k e l e y S t r e e t R y . C o.,
fund of one per cent, and Series B, $15,000,000 five per cents,
P o r t s m o u t h E l e c t r i c A U tis C o. a n d N a t i o n a l U a s C o. o f B e r k e l e y , a n d w ill a ls o
b e a c o l l a t e r a l t r u s t lie n o n t h e s t o c k a n d b o n d s t o b e a c q u i r e d a s p r e v io u s ly
w ith no fin k in g fund. The G as Im provem ent Com pany w ill
m e n t i o n e d , y B u t i f t h e s u r p l u s e a r n i n g s , a f t e r p r o v id i n g f o r tt e i n t e r e s t o n
t h e f ir s t m o r t g a g e b o n d s , d o n o t a m o u n t t o a s u f f ic ie n t s u m t o p a y a t l e a s t 2 p. deposit th e $2,000,000 stock of th e R hode Island Company
a p e r a n n u m o n t h e in c o m e o o n d s , t h e n s u c h i n t e r e s t , i n t h e d i s c r e t i o n o f
w ith the S ecu rities Company and w ill receive $3,500,000 o f its
t h e b o a r d o f d i r e c t o r s o f t n e c o m p a n y , n e e d n o t b e p a id .
4 per cent bonds and $12,000,000 stock, $2,000,000 of th e $12,Earnings.— The plan contains the follow in g data :
000,000 stock to be su b seq u en tly given as a bonus to the
The total earnings for the year 1901 of eleven out of the fourteen traction stockholders in the proportion o f one to four, upon
companies first mentioned were; Gross, $1,502,111; operating ex­
penses, $1,005,379; net earnings, $496,732. The above earnings, to­ the acceptance of th e term s fof exchange ?] sh ortly to be
gether with the net earnings from two eleotrio-light companies recent­ offered th e m .—S ee Y . 74, p. 884.
ly established and one gas plant ju st completed, will be more than suf­
R u tla n d R R .—President Webb's Statement. —P resid en t
ficient to pay the entire fixed charges of all the constituent companies,
including the Interest on the proposed issue of $3,000,000 first m ort­ Seward W ebb May 18 issued th e fo llo w in g statem ent regardgage bonds of the new oompany. These figures do not, however, em­ ic g a new spaper story of an attem p t to “ unload” the stock
brace the earnings from the extension of the Berkeley Btreet Ry. on the public:
Into Norfolk, which has already more than doubled the earnings of
Last fall, when the road issued 35,000 shares of new stook at 90, to
th a t company. An expert estimates th a t the total net earnings of the
properties operated under one management will be at least $665,000 pay its floating debt of $1,700,000, which has been done, leaving a
for the first r ear. The average yearly increase In gross earntngs of large sum still in the treasury for improvements, 1 underwrote the
the principal properties for the past three years has been over 13 per whole amount and only succeeded in securing 2,000 shares, the bal­
ance being taken up by stockholders. Having lived many years on
cent.—V. 70, p. 584.
the property, and knowing all its possibilities, 1 went into the open
N o rfo lk R a ilw a y & L ig h t Co.—Am algam ation.—See N o r­ m arket and bought some forty odd thousand shares, paying for the
folk Portsm outh & N ew p ort N ew s Co. ab ove.—V . 74, p. 830. greater p art of It from 110 to 117. I bought two large blocks from
private estates a
and 117, saying at the time th at as a 4
N o rth e rn C en tral R y.— Application to Lis#.—A pp lication two cent stook It was t
per
not worth so much, but that I wished it for con­
ha9 been m ade to list th e com p any’s shares cn th e N ew York trol and was willing to pay th at price. The road has to-day $1,200,000 in the treasury applicable to the work we are doing, and Its earn­
Stock E x ch an ge.—Y. 74, p, 776, 483, 473.
ings are Increasing heavily each month, showing for the month of
N orw ood & St. L a w ren ce R R .—New Securities.— The N ew April an increase of $22,032.
York State R ailroad C om m ission has au th orized the com ­
Dr. W ebb says he still ow ns control and sh all keep it, as
pany to m ake a first m ortgage for $300,000 and to increase he believes absolutely in the fu tu re of th e p rop erty.—V. 74,
its capital from $75,000 to $100,000 in $100 shares. T he com ­ p. 1039, 989,
pany w as organized Ju n e 10, 1901, and in N ovem ber, 1901,
St. L o u is & E ast S t. L o u is E le c tr ic R y .— New Stock.—
p u t in operation as a steam freigh t road a lin e 7J^ m iles
long b etw een N orw ood and R aym on dville, N . Y . P resid en t, The com pany has filed a certificate of increase o f capital
stock from $250,000 to $500,000. See V. 74, p. 578
This is
C harles R . R em in gton , W atertow n , N . Y. says :
one step in th e consolidation of E ast St. L ouis electric lines
The new bonds are gold 5 per cents, dated April 1,1902, and due w hich E. W . Clark & Co. are arranging and under w hich
April, 1932, but subjeot to oall at 110 on [or after 1] April 1,1912; tru s­
new securities w ill probably be issued n ex t J u ly .—V . 74. p.
tee, Trust Co. of Amerloa; present Issue to be $10o,000.
O hio R iv e r & C h arleston R y.—Proposed Sale.—The share- 578.
holders w ill vote J a n e 25 on a proposition to sell th e road
St. Paul U n io n Depot Co.—Increase o f Stock.— The com ­
and its franchises to the South & W estern R ailw ay Co., pany proposes to increase its capital stock from $750,w h ich see b elow .—V . 74, p. 830.
000 to $1,000,000, to provide for extensions.
There are
O regon & C a lifo r n ia R R .— Called Bonds.—F irst m ortgage also ou tstan d in g $250,000 first m ortgage 6s due in 1980, and
bonds to a total of $386,000 have been draw n for can cellation $250,000 consolidated m ortgage bouds, of w hich $150,000 are
w ith proceeds of land sales, and w ill be paid at par and in ­ 5s and $100,000 are 4 s.—V . 72, p. 876.
terest on Ju ly 1 at the Union T rust Co. See advertisem ent
Seaboard Air L in e R y .—A cq u isitio n .—See E ast * W est
on another page of to-day’s C h ro nicle .—Y . 72, p. 1188.
RR. of A labam a and Birm ingham & A tla n ta A ir L ine Ry.
P an am a R R .— Special Dividend. —The directors have de­ above.—V. 74, p. 989, 938.
clared a special dividend of 2 per cent, payable on J u n e 5th,
S o u th e rn R a ilw a y .—Joint Control.—See C hicago ludiau1902, to stockholders of record J u n e 2d.—V . 74, p. 827, 95.
apolis & L ou isville R y. ab ove.—Y. 74, p. 1089, 989.

May 34, 1903.]

THE

(JHKOJNIULK

South & W estern l i l t .—Proposed Purchase and New Bow Is.
—The shareholders w ill vote in B ristol, V a., on June 2 5 upon
propositions (1) to purchase the property and franchises of
the Ohio R iver & C harleston R y. Co; (3) to authorize a
m ortgage upon the property and franchises so acquired to
secure $000,000 bonds, and (8) to purchase the property and
franchises of the South A W estern R y. of N orth Carolina.
t
The South & W estern R y. o f Tennessee was incorporated
on Dec. 30, 1901, w ith $100,000 capital stock, to build a r a il­
road from a point in U nicoi County, Term., on the N orth
Carolina State lin e, to the State line of V irginia, in S ullivan
C ounty, Tenn, In A pril last the V irginia com pany of
the sam e nam e w as absorbed. The Ohio R iver & Charleston
is in operation from Johnson C ity, T enn., to Caney R iver,
N . C.,
m iles; also graded from Johnson C ity, T enn., to
G ate C ity, Va., 40 m iles, and from C linchport, V a., to Min­
neapolis, V a., 40 m iles. George L. Carter is P resid en t of the
purchasing com pany.
Staten Island Electric RR. — Reorganization Plan.—A
com m ittee con sistin g of W illiam Lanm an B u ll, R , Som ers
H ayes, John G reenough and W alter G. Gakm an, has pre
pared the follow in g plan of reorganization, w h ich has been
declared operative, a m ajority of the m ortgage bonds of the
Staten Island E lectric R R . Co. and of the stock of the R ich ­
m ond Borough Co., and of the bonds and stock of N ew Jersey
& Staten Island Ferry Co. and R ichm ond C ounty P ow er Co.
having been deposited w ith the G uaranty Trust Co., the de­
positary. F urth er deposits w ill be received on or before
June 2; see advertisem ent on page viii.
The operations of the several com panies show gross earn­
in gs and n et earnings after paying operating expenses, as
below ; since Ju ly 1, 1901, th e operations of the L ig h t Com
pany, it is stated, have been very in ju riou sly affected by
deterioration of its m achinery:
Tear e n d . N . T . <t S. I . E . Oo.
S. 1. E . H R . Go. N . J . & S. I . F e r r y Go.
June 30. Gross.N e t .
Gross
N et.
Gross.
N et.
1900 ....... $190,V
66 $59,639 $204,049 $47/776 $<*2,862 $11,314
1901 ......... 191,345 55,077 214,063 66,307
26,609
13,947
Total gross earnings in 1901 $432,018, against $417,177 in 1900;
net earnings, $135,331, against $118,628.
The plan provides th at a new corporation sh all be form ed
under the law s of N ew York State to acquire title to the
properties of Staten Island E lectric R R . Co., N ew York &
Staten Island E lectric Co. and R ichm ond C ounty P ow er Co.,
and to become the ow ner of the capital stock of th e corpora­
tion ow ning the properties of th e N ew Jersey & S taten Island
Ferry Co. The new corporation w ill authorize:
First and collateral trust mortgage Guaranty Trust Co. of
New York, trustee, securing 4 per cent gold bonds pay­
able in 50 years, interest to accrue from July 1 ,1 9 0 1 .$ 2 ,5 0 0 ,OOO
Of which in exchange for existing securities as per table
below........................................................ ............. ..........„ 1,925,000
To be sold with $733,000 stock for $438,880 cash...........
220,000
55,000
For reorganization or treasury purposes..........................
Issuable only upon acquisition of new property under
proper restrictions.............................................................
300,000
C a p ita l sto c k (to be represented for five years by voting
trust certificates, issuable by G uaranty Trust Co.)...... $3,000,000
Of which in exchange for existing securities as per table
below...................................................................................
2,138,750
To he sold with $220,000 bonds for $438,880 cash ...___
733,000
For purposes of reorganization or to he retained in
treasury..........................................................
128,250
V o tin g tr u s t —
All of the new capital stock (except shares to qualify
directors) shall be vested for five years In Henry H. Rogers, Walter
G. Oakman and William L. Bull, as voting trustees, who, by a majority
vote, shall at any time have the power to sell the same on suoh terms
as they see fit, distributing the net proceeds of sale p r o r a ta among the
voting tru st certificate holders.
The old securities w ill be exchanged as follow s:
/—W ilt be e x c h a n g e d f o r —.

E a c h $1,000 o f—
N e w 4s.
Staten Island Elect.rio RR. 1st M., $1,250,000.. $1,000
do
do
consol. H., $750,000
_
_
N. Y. & 8 .1. Electric Co. 1st M., $500,000......... x l,200
do
do
stock, $1,600,OOOy..................
N. J. & S. T. Ferry 1st M., $75,000............ .......... 1,000
do
stock, $100,000....................................
Richmond Borough Co. cash receipts ($743,000)
_
_

N e w stock.

........
$1,003
........
300

1U'.J 1

U nited R a ilr o a d s o f San FrancigOO. - Over-Subscribed
The $5,000,000 bonds offered last week wpre over-subscribed.
—V. 74, j>. 1039, 938.
W abash R R .—New Alliance. —Bee Ann Arbor RR. above.
Pittsburg Connection.- -See P ittsb u rg Cun; gie & W estern
Ry. above.—V. 74, p. 1040, 989.
West Entl St. R y .—Bonds.— The shareholders on May 21
authorized an issue of $300,000 bonds to reim burse Boston
Elevated Ry. Co. for paying $300,000 H ighland Street R y. Co.
bonds clue May 1, 1 9 0 2 .-V . 78, p. 1358.
Western M arylan d R R . — 'Members o f “ Fuller Syndicate .”
—The F u ller syn dicate, w hich underw rote the $3,751,000 re­
quired to purchase the interests of th e city of Baltim ore in
this road, includes:
George W. Gould, President of the Missouri Pacific; E d w i n Gould,
President of the 8t. Louis Southwestern; Myron T. Herrick of the
Wheeling & Lake Erie; Howard Gould; E. L. Fuller of the Interna­
tional Salt Go.; Winslow 8. Pierce, General Attorney for the Gould
systems; Alvlu V . Kreoh, Vice-President of the Wheeling & Lake
V
Erie; Joseph Ramsey, President of the Wabash; Louis Fitzgerald,
President of the Mercantile Trust Go.; John T. Terry, a director in the
Gould railroads; John W. Gates; Jam es II. Hyde, Vice-President of
the Equitable Life Assurance Society; Cornelius Vanderbilt, James
Parmelee, A. II. Galef, G. M. Dodge, W. H. Taylor, 8. B. Elkins, R. C.
Kerens and Walter 8cranton.
Offer to Shareholders—The F u ller syndicate offers to p ur­
chase any or a ll of the m inority stock through Tow nsend
Scott & Son, N o . 209 E ast F a y ette S t., B altim ore, Md., on
or before Ju ne 2, at the rate of $35 per $50 sh are.—V . 74, p.
989, 938.
Winston-Salem (N. C.) R a ilw a y & E le c tr ic Co.—See F ries
M anufacturing & P o w er Co. above.—Y . 70, p. 482.

INDUSTRIAL. GAS AND MISCELLANEOUS.
Alabama Consolidated Coal & Iron Co.—E arnings —The
net earnings for the quarter ending April 30, after deducting
improvements, royalties, depreciation and interest, were
$90,968, being equivalent to more than 7 per cent on the en­
tire capital stock. The Det earnings for April were $43,374.
The coal output is averaging about 10,000 tons a week,
against 6,000 tons last year, and is to be further largely in­
creased.—Y. 74, p. 724.
American Can Co.—Controlled Companies. -T h e American
Solderless Can Co. was incorporated in New Jersey on April
3 with $5,000,000 authorized capital stock, to control in the
interest of the American Can Co. the American patents for
sanitary solderless cans obtained by Archibald W. Maconocbie of England.—V. 74, p. 881, 885,
American Pneum atic Service Co.—Report D enied— The
company denies the report that it has arranged to absorb the
Tubular Despatch Co, (See V. 72, p. 1241.)—V. 74,p. 480.
American Rubber (Tire) Works.—New Enterprise—Stock
Sold. — his company was incorporated in New Jersey on Sept,
'T
12, 1901, with $1,000,000 authorized capital stock in $25
shares, of which $200,000 is 7 per cent preferred. Some
weeks ago 2,500 shares of the preferred stock was offered
at $25 per share and 2,500 shares of the common stock
at $15 per share. The company has works at New Bruns­
wick, N . J , where it is manufacturing patent rubber tires
for automobiles, carriages, etc, I. S. McGiehan is President,
277 Broadway.
American Solderless Can Co.—Subsidiary C om pany— See
American Can Co. above.
American Spirits M anufacturing Co.—Decision.—See
Distilling Co. of America below.—V. 74, p. 938.
American (B ell) Telephone & Telegraph Co.— Telegraph
Service.—In the telephone directory of the Pacific States
(Bell) Telephone & Telegraph Co., Louis Glass, the YicePresident and General Manager of the company, says:

All stations of the Pacific States and Sunset Telephone & Telegraph
100
being
rapidly as possible
1,250 companies are ents in equippedaas a regular telegragh with Morse tele­
graph instrum
order th t
business may be
done oyer the lines of the companies. Telegrams should be accepted
N o t e .—T h e s to c k (§1,250,000) o f t h e S t a t e n I s l a n d E l e c t r i c I iR . is a l l o w n e d
by all agents and employes whenever offered for transmission.— 74,
V.
b y t h e N e w Y o rk & S t a t e n I s la n d E l e c tr ic C o. a n d is n o t r e c o g n iz e d in t h e p la n
a s i t s e q u i t y is d e e m e d t o h a v e d is a p p e a r e d . T h e s e c o n d m o r t g a g e (8300,000) o f p. 938, 729.
t h e E l e c tr ic b i g h t C o m p a n y p le d g e d a s c o lla te r a l w ill b e s a tis fie d .
x I n t e r e s t t o b e a d j u s t e d i n c a s h , y O f t h i s $1,264,OuO w a s d e p o s it e d , w ith
y ie w t o e x c h a n g e f o r $126,400 p r e f e r r e d s to c k o f R ic h m o n d B o r o u g h Co.

The $220,0'JU of new bonds and $733,000 of n ew stock to be
sold for $438,880 are offered to th e holders of first and
second m ortgage of the E lectric Railroad Company and the
receipts callin g for delivery of R ichm ond B orough Co. stock
for cash subscriptions, each holder to be allow ed to subscribe
for an am ount equal to 10 p. c. of the face value of his h old ­
in gs and to receive therefor per $1,000 cash, $800 bonds and
$2,000 stock. A syndicate has underw ritten the sale of these
securities. There being “ a very notable reduction in fixed
charges, the new com pany w ill start w ith an apparent snr
pins of n et earnings yielding an appreciable ratio of profit
upon the new stock .”—V, 74, p. 479.
T enn essee C en tral R It .—Entrance into Nashville .—On
May 27 the first train over th e road w ill m ake its entrance
in to N ashville.
'Stock, E tc .—A n am endm ent to th e charter of the N ash v ille
& C larksville w as filed in T enne-see May 1, ch an ging its
nam e to the Tennessee C entral and increasing the capital
stock from $7,000,000 to $8,000,000. The $15,000,000 m ort­
gage w as officially described in V . 74, p. 831,
Subsidies .—The cities of N ash ville and C larksville in A ugu st,
1901 .voted to subscribe for $1,000,000 and $100,000 respectively
of the stock of the N ashville & C larksville (com pare S tate
& C ity S upplem ent and V. 78, p. 406, 387).—V. 74, p. 831, 577.

Armour & Co., Packing.—
Injunct ion.— Judge Peter S.
Grosscup in the United States Circuit Court at Chicago on
Tuesday granted a temporary injunction against the mem­
bers of the so called packers’ combine, restraining them from
continuing their present alleged arrangements for harmoni­
ous action in the matter of prices, purchases, sales, etc. See
Y. 74, p. 1040.
Associated Merchants Co.— Alliance. — President John
Claflin has been admitted to partnership in the Newark
firm of Hahne & Co., proprietors of the largest department
store in New Jersey, their building and stock being valued
at several millions of dollars.—V. 74, p. 476, 381.
Beaver Talley (Pa.) Water Co.—Bonds Offered.—The
North American Savings Co., the mortgage trustee, with
office at Pittsburg, is offering at 103)^ and interest $800,000
of this new company’s $1,000,000 first mortgage gold 5s dated
May 1, 1902, and due May 1, 1932, interest May 1 and Nov. 1.
The company as a consolidation of the Union Wa er Co., People’s
Water Co., NewBrighton W ater Co., North Rochester Water Co.,Free­
dom Water Co., Conway Water Co. and West Bridgewater Water Co.,
owns 80 miles of pipeage and supplies Beaver Falls, Roohester, Free­
dom, Economy, Conway and AUlquippa, Pa. Of the bond issue, $200,000 is reserved for extensions and Improvements. P r e s t , J . F. Grimes
of Pittsburg; Treas., John F. Taylor of the Monaea National Bank.

Bell Telephone Co. of Philadelphia.—L isted .—The Phila­
delphia Stock Exchange has listed the $1,000,000 new stock,
making total listed $6,981,700.—V. 74, p. 990, 886.

1092

THE CHRONICLE

Huil .lt) Jk S m q u clm u u a ir o n Co.— Bondi Offered.—Fiak
& Robinson, having purchased the $3,000,000 fleet m ortgage
5 per cent goM bonds, are offering them for advance suba iription at 96l and interest to the purchasers of Buff do & Sns4
q u -n an u a HR 4 p. o. preferred stock ( s e e V . 74, p. 1037).
F arth er facts follow :
Nos. 1 to 750 will be ready tar delivery on ut about July 1, 100?;
7M to l,5uo on ..r about Ueo. 1 loon, anil l,50l to 3,000 on or about
Juno 1 1U03. rha loan la dun Juno 1, 1982. but is Bllbjsot to call ua
a whole on any intern it da, alter June 1, 1007, on 00 days’ notice, at
107»» a n d tuterent. The bonds are redeemable ror the eluting fund
a t par aud Interest In the order or their numbers, beginning at the
lowest uurnber, *100,000 yearly from June 1, 1907, to June 1,1931,
both inclusive, the riaal $r0o,ou0 being due June 1,1932 In consid­
eration of the upeolal price at which tnese bonds aro now ottered the
purchaser agrees n t to otter them for sale prior to July 1, 1903.
8 ) 0 furth er particulars in V . 74, p. 1040; also C leveland
F urnace Co. b elow .—V, 74, p. 1040.
B u r lin g to n (Io w a ) W ater C o.— Purchase by C ity.—See
page 1050 of last week’s Chronicle .
Cam den (M e.) Land Co.— Harmony.— A t th e recent annual
m eetin g all differences w ere adjusted, F. M. T ucker, of B o s­
ton , and John A. Balistier, of N ew Y ork, being elected « b
d irectors to represent the d issen tin g shareholders.
Capita' stock. $720,000, in $20 shares,of which $14,000 In treasury;
debts and mortgages, $25,155; contra, 800 acres of land on the sea­
shore at Camden aud Lluoolnville, Me., aud $42 cash. President,
Frederick M. Peck, H artford, Conn.— 74, p. 886.
V.
C a lifo r n ia C en tral Gas & E le c tr ic Co.— Earnings.—'T he
receipts for the 10 m onths ended March 81,1902, ate reported:
Gross receipts, $256,109; net, $63,708, bond interest to April 1,
$23,624; sinking fund, $13,338; balance, $26,751.
Possession o f the plant of the Fresno G as & E lectric Co.
w ill be taken J u n e 1.—V. 74, p. 1040.
C h em ical Co. o f A m e rica .—Incorporated. —This com pany
w as incorporated in N e v Jersey on T uesday w ith $5,000,000
authorized capital stock. Incorporators : H ow ard S. G ould,
E van J. D udley and K enn eth K. M cLarin.
C in c in n a ti (la s & E le c tr ic Co.—Earning*.—' he “ C incin­
T
n a ti Enquirer” says that th e report of the President a t th e
annual m eetin g on M ay 5 for the ten m onths sin ce the co n ­
solidation show ed:
Gross receipts, $2,104,308; operating expenses, $1,167,959; net
profits, $936,349. Output of gas for the past quarter increased 17-51
er cent; applications for service In buildings into which gas has not
een piped Increased 44 per oent; eleotrloal output Increased 18-95
per cent.— 74, p. 729, 97.
V.
C itiz e n s’ T e lep h o n e Co., G rand R a p id s, M ich .—See F ed ­
eral Telephone Co. b e lo w .—V . 72, p. 1138.
C la ir to u S te e l Co.— Consolidation— New Bonds. —A p p lica ­
tion w ill be m ade in P en n sylvan ia on J a n e 6 for a charter
fo r this com pany, w hioh w ill absorb the St. C lair F urnace
C o., b uilding three b last furnaces at C lairton, and also the
St. Clair Steel C o., b u ild in g open-hearth and Bessem er steel
w ork s at the sam e place (see V . 73, p, 9)2,1364). The plans
o f th e C rucible Steel Co. o f A m erica, the parent com pany,
fo r w orks at C lairton h ave been m uch enlarged, and it is the
in ten tio n to add finishing m ills, and probably roll rails, sheet
bars, and perhaps stru ctu ral m aterial. To carry out these
p lans th e C lairton Steel Co. has been organized. A n official
sta tem en t follow s;
The Clairton Steel Co. lias arranged w ith the Union Trust Co. to
purchase $5,000,000 new bonds to provide for completing thefnrnaoe
and steel plants and to furnish working capital. The bonds will be
guaranteed by the Crucible Steel Co, of America, which will own the
entire capital stock of the new company. It is expected th a t eight of
the 12 50 ton open-hearth furnaces will be in operation about Sep­
tem ber 1, and the balanoe, together w ithjthe,three blast furnaces, be­
fore the first of next year. With the completion of the above the
Cruoible Steel Company of America will be able to supply from its
own works all the pig iron and steel it will need for its various oruelble plants. The Exeouttve Committee of both the Crucible Steel Co.
of America and the Clairton Steel Co. embrace C. fl. Halcomb, W. P.
Snyder, A . W. Mellon, Reuben Miller, Jam es H. Park, Frank B . Smith
and R. E. Jennings. C. H. Haloomblwlll oontinue as President of the
former company and W. P. Snyder will be President of the latter.
T he report th at H enry C. F rick has acquired 39,000 pre­
ferred shares of the C rucible S teel Co. of A m erica, and w ill
be m ade a director, is officially denied. It is probable, h o w ­
ever, th at H enry W . Oliver, of P ittsb u rg, w ill go on the
board.
C ity Gas Co. o f N o r fo lk .—See N orfolk P ortsm outh &
N ew p ort N ew s Co. under “ R ailroads.”— V, 62, p, 1139.
C levelan d ( 0 .) F u rn a ce Co.—New Enterprise.— T his c o m ­
pany recen tly incorporated in N e w Jersey w ith $1,000,000
authorized cap ital stock is preparing to b uild at C leveland a
m odern b last furnace of ab out 409 tons cap acity per day, and
later plans to build a second furnace. M em bers of th e firm
o f R ogers, Brow n & Co. are largely in terested in th is en ter­
prise. as also in the follow in g:

[Y o l . l x x i y .

Consolidated Rubber Tire Co.—Unfavonible Decision.—
The United States Court of Appeals at Cincinnati recently
reversed the decisions of two lower United States Courts and
decided adversely to this company its suit against the Good­
year Tire & Rubber Co. for infringement of the Grant patent
on rubber tires. The directors have decided to appeal the
case to the United States Sapreme Court. See Goodyear
Tire & Rubber Co. below and American Rubber Works Co.
above —V. 74, p. 632.
Corn Products V o.—Dividend Period.—The by-laws have
been changed to permit the payment of dividends, when and
if declared, the 10th day of July, October, January and
April, instead of June, September, December and March.
Official Statem ent.—See page 1086, — 74, p, 835, 777.
V.
Crucible Steel Co.—New Bonds.—See Clairton Steel Co.—
V. 73, p. 1359,
Daly Gold Lining Dental Co.—Stock Offerei. —Howth &
Co. of this city are offering a portion of this company's
$500,000 capital stock at $1 50 per $5 share. W. E, Howth is
President and Silas B. Dntcher is named as a director,
Deadwood Terra Mining Co.—Payment in Liquidation.—
All debts having been paid, $221,000 remains for distribution
to shareholders, being equal to $1*105 per share, payable at
office of the transfer agents, Lounsbery & Co., 15 Broad St.,
on surrender of certificates,
Dillon (Mont.) Electric Light & Power Co. — Bonds
Offered.— Lawrence Barnum & Co. were recently offering at
lb3 and interest the entire issue of $80,000 first mortgage 6
p, c, gold bonds, dated April 1, 1902, due April 1, 1932, but
subject to call at 110 and interest. Capital stock, $100,000.
Distilling Co. of America.—L itigation. —Justice O’Gor­
man in the Supreme Court of this state on May 17 granted
the application of M. L. & C, Ernst and Frederick G. Reeves,
as stockholders of the American Spirits Manufacturing Co.,
for an order requiring the transfer back to that company of
all its property and assets. Tne Distilling Company, how­
ever. as owner of over 92 per cent of the stock of the Ameri­
can Company, continues in practically complete control of
its operations. This suit is independent of the one brought
by the protective committee, Bert Reiss, Chairman. (See V.
73, p. 393; V. 70, p. 536; V. 69, p. 128.)
A somewhat similar suit brought by Kalmann Hass and
E. O. Ditman for the appointment of a receiver for the Ken­
tucky Distilleries & Warehouse Co. is pending in the Court
of Chancery of New Jersey. (V. 71, p. 392)— 74, p. 939,
V.
777.
Dominion Coal Co., Limited.—Called Ronds.—The New
England Trust Co. of Boston will pay at 110 and interest on
June 1 $118,000 6 per cent first mortgage bonds, due March 1,
1913, drawn for payment.—V. 74, p. 832.
Dominion Iron & Steel Co.—Status o f P lant.—At the
shareholders’ meeting on May 1 James Ross, managing di­
rector, said in substance:
Delays in oonneotion with the completion of the plant, principally in
the coal-washing department, have limited very considerably our out­
put of pig iron and steel. The original Intention was to wash about
one-third of the coal, but we find it is best to wash the whole of the
coal before sending it to the blast furnaces. We are now able to wash
1.000 tons a day, and expect steadily to inorease this to 1,600 and
2.000 tons a day.
The blooming mill is working most satisfactorily, and all the prod­
ucts made in the open-hearth furnace lhave turned out in excellent,
condition, several changes in the blast furnaces are now in progress.
Our fundamental problem has been successfully solved, but we do
not expeot to get results showing our earning capacity until we are
turning out our full output.

In a few months, he added, the output will be 1,000 tons of
steel of the best quality per day.—V. 74, p, 990, 832.
Eastern Paving B rick Co., Catskill, N. Y.—R e c e i v e r . —
Interest on the $180,000 mortgage bonds of 1898 being in de­
fault since Sept. 15,1900, President Howard P. Eslls has been
appointed temporary receiver on application of the Wood­
land Avenue Savings &Loan Co. of Cleveland, Ohio.
Eastman Kodak Co.—Consolidation.— The consolidation,
it is announced, has been effected. See official statement in
V. 74, p. 939.
Electro Pneum atic T ransit Co.—Stock Returned. —The
shares which were deposited with the Manhattan Trust Co.
under protective agreement issued in January, 1898, by the
Waterbury Committee were returned to the owners some
months ago. An assessment was made of t wenty cents a
share, for which amount the holders received a certificate of
indebtedness. Nothing, it appears, is being done at present
looking to the rehabilitation of the company.—Y. 71, p. 915.
Federal Telephone Co.—S a l e , — The control of the People’s
Telephone Co. of Jackson, Mich., has been sold to persons
B u ffa lo & S u s q u e h a n n a I r o n C o. ( s e a b e lo w a n d V o l. 74, p. 1040): T o n a w a r .d a identified with the Citizens’ Telephone Co. of Grand Rapids,
I r o n & S te e l C o., w ith e x t e n s i v e p l a n t o n N i a g a r a R iv e r , n e a r b u ff a lo ; I r o q u o is
Mich.—V. 74, p. 580, 481.
I r o n Co., w i t h tw o l a r g e f u r n a c e s a t S o u th C h ic a g o ; H a n g i n g R o c k I r o n o o . i n
O h io a n d , P u n x s u t a w n e y I r o n C o., in W e s t e r n P e n n s y l v a n i a , a ll u s in g L a k e S u ­
General Carriage Co. of New Jersey.—Reorganization
p e r i o r o r e s . T h e firm is a ls o c lo s e ly a llie d w i t h t h e E m p ir e I r o n & S te e l C o.,
w i t h 12 f u r n a c e s in P e n n s y l v a n i a a n d N e w J e r s e y , a n d t h e A lle g h e n y I r o n A P l a n . — C. S. Drummond of London, England, and William
O r e C o., w ith t h r e e f u r n a c e s i n V irg in ia .
J. Arbell of New York present the following plan:
C o n so lid a te d M atch Co.—New Enterprise ,—This com pany
The Manhattan Transit Co., incorporated May 14 under
w as incorporated in N ew Jersey on Thursday w ith $10,000,- the laws of New York, with general powers for m anufactur­
000 authorized capital stock, of w hich $4,000,000 is 7 per cent ing, operating and otherwise dealing in vehicles of all kinds
cu m u la tiv e preferred; par valu e of sh a res$100. Incorporators for tran sportation of passengers or freig h t, sh a ll issue:
— Frederick B. M arekle, S tello V in ton and Joh n J . R anagan, C a p i ta l stock, all common, in $20 shares........................... $ 10,000,000
N e w Y ork, all associated w ith the law firm of S eym our, Sey
T
Of which, to b eset apart for the benefit of the company.
4.000.000
Exchangeable for $20,000,000 stock of General C ar­
m our & H irinon of 40 W all S t. The new com p m y is said to
riage Oo. on basis of $20 new fo r each $100 obi stock
ow n a num ber of valuable p atents and to be p lan n in g a n u m ­
paying $2 (such payments to aggregate $400,000) .
4,000,000
ber of plants in various places.
Immediately available for other purposes ...................
2,000,000

M a y 24, 1902.]

Fifty-year 4 p.

THE CHRONICLE

c. g o ld m o rtg a g e b o n d « ..................................
Of which applicable for retirem ent a t or before m a­
tu rity of $276,000 existing 4 p. c. mortgages below
mentioned..........................................................................

8 0 0 ,0 0 0
300,000

By means of the aforesaid s^ook and bonds the new com­
pany w ill acquire besides the $100,000 cash the follow ing:
(1) Land on northw est oorner of 47tli St. and 2d Ave., New York
City, extending 100 feet on 2d Ave. and 227 feet on 47th St., together
•with all the buildings thereon (portions subject to short leases). This
property being subject to 4 p. o. mortgages for $276,000, not due,
either said mortgages will be dlsohargcdor $300,000 of the new bonds
will be reserved to provide for the payinenttheroof. (2) All machinery,
tools and supplies In said buildings, the Diesel engines being held by
lease. (3) All the capital stook of the General Carriage Co. of New
York, covering special charter franchises. (4) 150 automobile vehicles,
mostly electric, including omnibuses, landaus, broughams, hansoms, de­
livery wagons, eto. (5) Exclusive rights for New York State to use
the autotrucks m anufactured by the International Power Co. (0) All
stock of the General Carriage Co of New Jersey exchanged pursuant
hereto.

Stockholders of the General Carriage Co. of N ew Jersey
desiring to exchange their shares for the shares of the new
oompany on the basis of $100 old for $20 of the new stock
are asked to deposit their certificates on or before May 25,
w ith the A tlantic Trust Co., 49 W all St,, and pay to said
trust company $2 per share o f stock deposited. The money
and stock are to be returned if the plan is not carried out by
Ju ly 1, 1902.
Joseph H. Hoadley, President of the International Pow er
Co., it is understood, has sold control to Messrs. C. S. D rum ­
mond and associates of London and W . J. Arkell, but w ill
retain an interest and continue as one of the directors. (See
V. 74, p. 886.
General Chemical Co.— Official Statem ent. —On page 1094
w ill be found tbe full statem ent made to the N ew York
Stock Exchange in connection w ith the listing last w eek on
the Exchange of the preferred and com m on stock. The
statem ent includes a history of the organization, a list of the
properties owned, a balance sheet, the incom e account for
1901, the names of the officers and directors and m u oh other
inform ation.—V. 74, p. 1041, 990.

1093

$1 25 is called for payment Sept. 2. The dividend is payable
on June 16 to stockholders of record on M ay 81. Should the
same amount be distributed next September and subsequent­
ly, the shares being then $7 50 paid in, the dividend rate w ill
be 4 per cent per annum on the actual cash investment,— V .
74, p. 881, 778.

R ecord P u b lis h in g Co. o f P h ila d e lp h ia . — Prtyperly
Sold. —A t the M aster’s sa le on M ay 15 th e co n tro l of th e prop
erty w as bough t in by W. S. Stenger, a P hiladelp hia a tto r­
n ey, for $2,874,800, v iz .: $2,800,000 for $905,000 ot th e c o m ­
pany’s $1,000,000 stock; $501,000 for $470,000 of its 6 per cen t
bonds and $10,800 for overdue in te re st.—V. 74, p. 132.

Steamship Amalgamation.— Plan Approved. —A t th e
m eetin g o f th e W h ite Star L ine on M ay 17 th e a greem en t
to p articipate in th e steam sh ip a m a lgam ation , it is u n d er­
stood, wan approved by a large m a jo rity , if not u n a n im o u sly .
Plan.— The fu ll te x t o f th e agreem en ts en tered in to under
date of F eb. 4, 1902, by J , P. M organ & Co. and rep resen ta ­
tiv es of the variou s steam sh ip com p anies and also th e firm of
sh ipb u ild ers, has been receiv ed in th is co u n try and w a s p ub ­
lished in th e “ Jou rn a l o f C om m erce and C om m ercial B u lle ­
tin ” on M onday. T h ese d ocu m en ts afford th e fo llo w in g :
C a p it a l iz a t io n .

The new company is to have $120,000,000 capital stock, of which
$60,000,000 preferred stock, 6 p. c. cum ulative, and $60,000,000 com­
mon stook, lim ited to dividends of 10 per cent per annum so long as
there shall be outstanding any of the debentures, and $50,000,000
of collateral tru st debentures, bearing Interest a t the rate of 4*6 per
cent per annum, payable semi-annually,the principal to be payable In
tw enty years, with the right to the corporation a t any tim e after five
years to redeem the same a t 105.
P r o p e r t ie s

to

Be

a c q u ir e d .

(a) All the shares, namely, 750 sbareB of £1,000 each of the Oceanic
Steam Navigation Co., together w ith new vessels building for the
company, and all rights In the “ White Star Line” name, etc.; also the
business, etc., of Ismay, Im rie & Co., exoluding certain properties
and rights reserved.
fb) All the'shares of the ^Dominion Line (the British < North A t­
fc
lantic Steam Navigation Co. and the Mississippi & Dominion SS. Co.),
including all new vessels building, nam e and good-will; also th e busi­
Goodyear Tire & Rubber Co. of Akron, O.— New Stock. ness, etc., of Richards, Mills & Co., agents of the line, except certain
properties and rights specified.
—This Ohio corporation has increased its authorized capital
(c) The capital stook, properties and assets of the International N av­
igation Co. (American and Red Star lines), including new vessels
stock from $200,000 to $1,000,000, to provide for extensions.
building.
Decision.—See Consolidated Rubber Tire Co. above.
(d) The capital stook and property of the A tlantic T ransport Co.,
vessels
International Telephone Co. of America.—
-Re-incorpo­ Including newordinarybuilding.
(e) 118,463
shares and 58,703 preference shares of Fred­
rate i, —This company recently surrendered its corporate erick Leyland & Co. [viz., £1,184,630, being all of the common stook,
franchises and filed certificate of re-incorporation. The in ­ also £587,030 of the £1,402,030 preferred stock, b ut none of the
corporators are Josiah Marvel, Edward Marvel and W illiam £500,000 of 4 p. c, debentures].
The
to take any one of the properties of
M. Lupton, all of W ilm ington, Dal.; capital, $1,000,000.—V. which corporation m ay declineshall be delivered on or before Dec. 20,
less than three-fourths
74, p. 380.
1902. The White S tar Line and the Dominion Line are to be tak en
over as of Jan. l, 1901, w ith interest on the purchase prices a t 5 per
Kentucky Wagon Manufacturing Co.—Dividend Increased. cent to the date of paym ent.

—The company nas declared a quarterly dividend of *1% p, c.
V a l u a t io n s P l a c e d on t h e S e v e r a l P r o p e r t ie s .
and one-half of 1 p. c. extra for the quarter, m aking a total
(a) The shares of the White Star Line are to be valued on a basis of
of 9 p. c. for the year, the first three-quarters having been 2 capitalizing the net profits for 1900 a t 10 per cent (after deducting
from profits an am ount for d ep red atio n equal to 6 per cent on book
p. e.—See Y. 74, p. 1041.
value of steam ers and other items); and the same m ethod is to be

Kingston(N. T.) Gas & Electric Co.—Incorporated. —This adopted w ith regard to the firm of Ismay, Im rie & Co. Sums paid on

or before Deo. 31,1900, on vessels building are to be repaid.
(5) The Dominion Line stock is to be valued on substantially the
same basis as the White 8tar Line, and so also is the business of R ich­
Directors— W. Btroud and R. L. Babcock of Philadelphia, F. W. ards, Mills & Co.
M.
-i(c) The aggregate valuation of the American Line and A tlantic
Prout and M. P. Osterhondt of Kingston.
M anhattan T ra n sit Co.—Successor Company. —See General Transport Line shall be $ 3 1,158,000, subject to $19,636,000 5 per
oent bonds of the American Line.
Carriage Co. above.
(d) The valuation of the Leyland Line shares shall he $11,786,000,
left outstanding £315,000 5 per cent preference shares and
Marconi Wireless Telegraph Co. of A m erica.— Contract, there being per cent debentures not inoluded in the purchase.
£500,000 4

company was incorporated at A lbany on W ednesday w ith
$700,000 authorized capital stock.

etc.—The company has been awarded the contract for the in ­
stallation of a w ireless telegraph system between Government
stations on the mainland of Alaska, no othsr company, it is
stated having offered to provide service covering the 195
m iles betw een Fort Gibbon and Bate3 Rapids. The Papin
patent rights for electrical tuning so as to ensure secrecy in
the transmission of messages were recently purchased. Of
the company’s $6,650,000 stock, Mr. Marconi, it is understood,
received 55 per cent, in addition to $250,000 cash.
Possible R ival. —Prof. R A. Fessenden has recently been
conducting experim ents before representatives of the Navy
Department w ith his new w ireless telegraph instrum ents
w hich he claim s can transm it messages several tim es as fast
a3 the Marconi system , whose speed is said to he lim ited to
from fifteen tw enty-tw o words a m inute.—V. 74, p. 887, 580.
New Jersey Steam boat Co. (P e o p le ’s L in e).— Change o f
Control. —Charles W . Morse and associates have purchased
a m ajority of this company’s $1,000,000 capital stock and
Director John E nglis, father of Charles M. E aglis, President
of the Citizens’ Steamboat has been elected temporary Pres­
ident of the N ew Jersey company. These events have given
rise to rumors of a possibly im pending merger of the leading
steam boat lines on the Hudson River. Further particulars:

The New Jersey Steamboat Company’s capital stock w as originally
$2,000,000, b u t was reduced some years ago to $1,000,000 by reduc­
tion In the par v a lu e of the shares from $100 to $50. Bonds author)'/.< ,<i, $1,:.00,000; outstanding, $1,400,000 consolidated (now first)
■
mortgage 5*, du e 1021; Interest May 1 and Nov. 1 a t office of Farm ­
ers’ Loan & T ru s t Co., trustee; denominations, $100, $300 and $1,000.

New York G lucose Co.—Bonds.—See “ C om Products Co.”
on page 1086,—V. 74, p. 330.
New York A Staten Islan d E lectric C o.— Reorganization
P lan, — See Staton Island E lectric RR. under “ R ailroads”
above.—V. 08, p, 857,
P h ila d e lp h ia E le c tr ic Co.—F irst D ividend. —The di­
rectors on Wednesday declared a first dividend of 15
cents a share on the 1,009,000 shares of $35 each, on
w hich $6 25 per share has been paid in, and a further

M e t h o d [o f P a t m e n t .

(a) For the total valuation of the White Star, the business of Ism ay,
Im rie & Co , and the Dominion Line, w ith the business of R ichards,
Mills & Co., determined In eaoh case as aforesaid (exclusive of new
tonnage and except as otherwise provided in collateral agreements),
paym ent is to be made ot 25 per oent in cash, 75 per cent In preferred
stock and 37*2 per cent in common stook of the new company.
(6) For the American Line and the A tlantic Transport there are to
be paid $18,314,000 preferred stock, and $9,157,000 common stock,
and for the new tonnage and indebtedness, $15,844,000 cash.
(c) For the stock of the Leyland Line there is to he paid $11,736,000
cash, w ith interest a t not exceeding 6 per oent.
Sa le

to

S y n d ic a t e —W o r k in g C a p it a l .

The rem ainder of the stook of th e new company and Its collat­
eral tru st bonds are to be sold to a syndicate for $50,000,000 oash,
except th a t there are to be contributed to the corporation as working
capital $786,000 preferred stock and $6,643,000 common stock, tbe
syndicate receiving for tb s $50,000,000 oash and in full paym ent
for its services the said $10,000,000 debentures and $2,500,000 of
preferred stook and $25,000,000 oommon stock.
(a)

B u il d e r s ’

agreem ent.

All orders for new vessels and for heavy repairs, requiring to be
done at a shipyard of the United Kingdom, are to be given to Harland & Wolir, b ut “ nothing herein contained shall prevent the p ur­
chasers from placing orders for new steam ers and repairs a t ship­
yards In the United States.” In return H arland & Wolff agree not to
build ships for any persons not in the combination, except the Hamburg-Amerioan company, so long as orders from tbe combination
keep the builders’ works busy. H arland & Wolff are to be paid the
cost of the work plus 5 per cent on new ships, IO per cent on new
machinery in old vessels, and 15 per cent on repairs. This agreem ent
runs for 10 years and is term inable thereafter only on five years’ n o ­
tice from either side.
Second Instalm ent. —T he second in sta lm e n t o f 25 p. c. on
th e $50,000,009 gu aran teed b y th e u n d er w r itin g sy n d ica te
w as payable yesterd ay. A s sh o w n b y th e above agrem en t
the und erw riters receive, fo r ev ery $10,000 cash, $10,000 in
bonds, $590 preferred, sto ck and $5,000 of com m on sto ck . Of
th is J . P . M organ & Co., it is said, w ill g e t one share
of preferred and five shares o f com m on stock as th eir b onus
for o rgan izin g th e sy n d ic a te.—V . 74, p. 991, 941.
B T F o r o t b e r In v e s t m e n t N e w s nee P a g e 1095.

10C
J4

iH B
lljc p o r ts

CHRONICLE.
am i

IV o l . L X X IV ,

g o c m u jc n ts*

THE GENERAL CHEMICAL COMPANY.
VTION 'I*» i .

1 1 . V VORK STOCK EX C H A N G E TO LIST T H E PR E F E R R E D A N D COMMON STOCK.
V

N e w Y ork , F ebruary 20, 1002.
All of w hich had been co ncerns long established in b u si­
I he G eneral i Chemical C om pany h ereb y m akes ap p licatio n ness.
A u n ifo rm m ethod w as a t th a t tim e adopted for d e te rm in ­
to liave placed on th e re g u la r list of th e New Y ork Stock
E xchange $0,410,000 Six P er C ent C u m u lative P referred ing th e purch ase prioes to be paid ‘for these properties.
T angible p ro p erty , in clu d in g land, p lan t, m aterials, stock,
Stock an d $7,410,300 Com m on Stock.
The C om pany was organized u n d er th e g eneral law's of etc., w h ich w as paid for in P re fe rre d (Stock, w as appraised
th e S ta te of New Y ork in F e b ru a ry , 1890, by C ertificate of by an A ppraisal C om m ittee a t th e b a re cost of reproducing
In co rp o ratio n , tiled w ith the S e c re ta ry of S ta te on F e b ru ­ the sam e, based upon th e prices p rev ailing on M arch 1, 1899.
In ta n g ib le p ro p erty , in clu d in g business, good-will, tra d e ­
ary 15, 1890, a n d w ith th e C lerk of P u tn a m C ounty, New*
m arks, tra d e nam es, c o n tra c ts, etc ., for w hich Com m on
Y ork, on F e b ru a ry 16, 1899.
The purposes for w h ich th e C om pany w as form ed are set Stook w as issued, w as appraised a t ten tim es th e average
fo rth in A rt. 2d of th e C ertificate of In co rp o ratio n as follows- a n n u a l earn in g s for th e period of five an d one-half years,
from J a n u a ry 1,1898, to Ju ly 1, 1898, as those earn in g s
“ To e s ta b lish , m a in ta in a n d oon d u ot, In th e S ta te o f N ew Y o rk an d
else w h e r e , th e b u sin e s s of m a n u fa c tu r in g , p u ro h a stn g and s e llin g a n y
w ere a scertain ed and certified by th e A u d it Com pany of N. Y.
a n d a ll k in d s o f c h em ica ls, a n d a n y and a ll In g r e d ie n ts an d c o m ­
No P re fe rre d Stook w as issued ex cep t in so fa r as th e ta n g ­
p o u n d s th e r e o f, a n d a n y a n d a ll m a te r ia ls th a t m a y be u sed In or In
c o n n e c tio n w ith su c h m a n u fa c tu r e or s a le , In clu d in g a s a p a rt o f and ible p ro p erty purchased h ad been ea rn in g n o t less th a n a t
in cid en t to su c h b u sin e ss, m in in g an d o th e r m o d e s o f a c q u ir in g s u l­ th e ra te of E ig h t P e r C ent per a n n u m for a c e rta in tim e
p h u r, b a u x ite a n d o th e r ores, and raw m a te r ia ls u sed In sa id b u sin ess; theretofore.
In cases w here less had been earned, Prefen-ed
and th e s a le , u tiliz a tio n an d d isp o s itio n o f a ll su r p lu s or b y -p r o d u c ts
Stock w as issued for th e ta n g ib le pro p erty to an a m o u n t on
a risin g from th e o on d n ot o f sa id b u sin ess; w ith th e r ig h t, in oon n eo
rlon w ith Its b u sin e s s, to p u r c h a se , o w n , u se an d s e ll p a te n ts , p a te n t w hich such earn in g s had been E ig h t P e r C ent, and th e
r ig h ts, In v en tio n s an d p r o c e sse s r e la tin g th e reto ; to p u r c h a se , a c ­ balance of th e ap p raised price due for such ta n g ib le s w as
q u ire, h o ld , s e ll an d c o n v e y in th e S ta te o f N e w Y ork an d e ls e w h e r e
In th e U n ite d S ta te s an d fo reig n c o u n tr ie s , su oh re a l or p erso n a l paid in Com m on Stock.
For th e p lan ts and properties acq u ired on M arch 1, 1899,,
e s ta t e a n d p ro p erty a s m ay b e n e c e ssa r y or p ro p er fo r th e b u sin e s s
p u r p o se s o f th e co rp oration ; a n d g e n e r a lly to do a n y an d a ll t h in g s
th e prices paid and th e stocks issued w ere: In P referred
n o t co n tr a r y to la w w hich m a y b e n e c e ssa r y or p rop er In c o n n e c tio n $7,401,300, in Com m on $6,970,300.
w ith th e sa id b u sin e s s.”
Since th e fo rm atio n of th e C om pany o th e r p la n ts and
T he au th o rized c a p ita l of said Com pany is $25,000,000, as properties have been acquired.
follows; $12,500,000 P re fe rre d Stock, divided in to 125,000
The p lan ts a t th e p resen t tim e ow ned in fee are as follows:
shares, an d $12,500,000 Common Stock, divided in to 125,000
N a m e o f P .a n t.
L o c a tio n .
shares; all th e sh ares being of th e p ar v alu e of $100 each.
Bayonne Works . .......Constable Hook, Bayonne, N. J.
Since J a n u a ry 1st last 48 sh ares of Com m on S tock w ere Bridgeport Works..........Worden Avo., Bridgeport, Conn.
ssued to c o rre c t an erro r, m ak in g th e a m o u n t now o u t­ Dundee Works................Lodi and 8th Sts., Passaic, N. J.
Fairfield Works..............Fairfield, C o u d .
sta n d in g $7,410,300.
Buffalo W orks................Abbott Road and Buffalo River, Buffalo, N. Y.
The P re fe rre d an d Com m on shares have equal v o tin g Chloago W orks............. . 21st Street and Stewart Ave., Chloago, 111.
Calumet Works.............. Chicago, 111.
rig h ts, an d are fu ll paid an d non-assessable.
Highlands W orks..........Highland Station, Putnam Co., N. Y.
T erm s of p referen ce of P re fe rre d Stock a re as followsHudson River Works ...Shadyslde, N. J.
Laurel Hill Works......... Laurel Hill, Long Island, N. Y.
Lodi W orks.................... Lodi, N. J
Moro Phillips W orks__ Camden, N. J.
National Works............. Cleveland, Ohio.
Passalo W orks................Brill Ave., Newark, N. J.
St. Louis Works............. St. Louis, Mo.
Syracuse W orks.............Marsh Road, 8yraouse, N. Y.
Troy W orks.................... Look No. 4, Erie Canal, Troy, N. Y.
United States Works__ Camden, N. J.
N J.
The C om pany c a n n o t m o rtg ag e its p ro p e rty or a n y por­ Standard Ohem. Works..Camden,Heights, 111.
Illinois Works.............. Chicago

T h e h o ld ers o f P refe rred S to c k sh a ll b e e n title d to r e o e lv e c u m u la ­
t iv e d lv ld en d s'.th er eo u a t th e r a t e o f S ix P er C en t p er a n n u m , p a y a b le
fro m th e n e t e a r n in g s or th e su r p lu s a r is in g from th e b u sin e s s o f th e
c o r p o ra tio n b efo re a n y d iv id e n d s sh a ll b e s e t a p a rt or p a id on th e
C om m on S tock; a n d u p on liq u id a tio n th e h o ld e r s o f P refe rred Stook
sh a ll b e e u title d to p a y m e n t In fu ll a t p ar, w ith a ll aooru ed d iv id e n d s ,
o u t o f th e n e t a s s e ts o f th e c o rp o ra tio n , b e fo r e a o y d istr ib u tio n o f a s ­
s e ts to h o ld ers o f th e C om m on 8took; an d h o ld e r s of P refe rred sh a ll
h a v e n o fu r th er r ig h t to th e e a r n in g s or t h e a s s e t s o f th e co rp o ra tio n .

tio n th e re o f w ith o u t th e w ritte n co n sen t of th e holders of
a t le a st tw o -th ird s of th e P re fe rre d Stock o u tsta n d in g a t
th e tim e.
W ith th e co n sen t in w ritin g an d p u rs u a n t to th e vote of
th e holders of tw o -th ird s in in te re s t of each class of stock
issued a n d o u tsta n d in g , th e D irectors sh all have pow er and
a u th o rity to sell, assign, tra n s fe r, ex ch an g e or otherw ise
dispose of the w hole or a n y p a r t of th e p ro p erty a n d busi­
ness of th e C om pany.
T he P re fe rre d Stock now o u tsta n d in g am o u n ts to $9,416.000 an d th e Common S tock to $7,410,300. T he rem ain d er of
th e P re fe rre d S tock, $3,084,000, a n d of Com m on S tock $4,0S9,700, is u nissued, an d c a n only be issued for v alu e re ­
ceived, as p rovided by law.
The stock is q u ite g en erally d istrib u te d , th e re being 499
holders of P re fe rre d sh ares a n d 233 holders of Common.
The rev e n u e ta x on th e o rig in al stock issued has been
du ly paid.
T here is no bonded in d eb ted n ess w h a te v e r and no m o rt­
gage in d eb ted n ess w h a te v e r due or ow ing by th e G eneral
C hem ical C om pany or a n y of its c o n s titu e n t com panies,
ex cep t t h a t th e T hom sen C hem ical C om pany of B altim ore
has a m o rtg ag e fo r $50,000, se c u rin g an issue of bonds b e­
com ing due M ay 1, 1918. b u t s u b je c t to red em p tio n a t any
tim e a fte r May 1, 1903, in sum s n o t less th a n $4,000, an d
ex cep t th a t, t h a t sam e C om pany h as o u tsta n d in g a second
m o rtg ag e, w h ich th is C om pany owns.
E x cep t as aforesaid, n e ith e r th e G eneral C hem ical Com­
pany n o r an y of its contro lled com panies ow es debts of an y
k in d , ex cep t c u rre n t bills, w h ich are se ttle d m o n th ly .
The C om pany w as o rganized for business an d com m enced
business on M arch 1, 1899, on w h ich d a te it purchased
an d took over th e p la n ts an d businesses of th e tollow ingnam ed com panies:
C h a p p ell C h em ica l C o., C hloago, 111.
W. H . C h a p p ell & Co., S t. L o u is, Mo.
D u n d e e C h em ica l W ork s, D u n d e e , N . J .
F a ir field C h em ica l W orks, B r id g ep o rt, C onn.
H ig h la n d s C h em ical C om p an y, H ig h la n d s S ta tio n , N . Y .
J a m e s Ir -A n & Co., P ittsb n rir, Pa.
L od i C h em ica l Co., L od i, N. J.
M a rtin E a lb fleiso h C h em ica l Go., B a y o n n e , N . J .
M artin K a lb fielso h C h em ical Co., B u ffalo, N. Y .
J a m e s L. M organ & C o., S h a d y sld e, N . J.
J a m e s L. M organ & Co., B rid g ep o rt. C onn.
N a tio n a l C h eraloal C o., C le v e la n d , O hio.
T h e N ic h o ls C h em ical Co., L au rel H ill, L. I.
T h e N ic h o ls C h em ica l C o., T roy, N . Y.
T h e N ic h o ls C h em iea l C o., S y r a c u se , N. Y .
P a s s a ic C h em ioal C o., N ew ark , N. J .
M oro P h illip s C h em ica l Co., P h ila d e lp h ia . P a.
N lo h o ls C h em ioal C o., o f C an ad a (L im ited ).

The corporations whose ca p ita l stocks are ow ned by th e
G eneral C hem ical C om pany rep resen t an in v e stm e n t by th is
Com pany of $2,560,760 26, a n d are as follows:
N a m e o f C o rp o r a tio n .
L o ca tio n .
G en eral C h em ical Co o f P e n n s y lv a n ia .P it ts b u r g , P a .
N loh ols C h em ioal O o .o f C an ad a (L td .).C a p e lto n , P . Q . C anada.
C an ad a C h em ieal M fg. C o...........................L o n d o n , E a s t P . Q , C a n a d a .
B ak er & A d a m so n C h em ica l C o ..............E a s to n , P a . an d V e r sa ille s, P a .
T h o m sen C h em ioal Co...................................B a ltim o r e . Md.
G en era l L ig h te r a g e C o ................................ 2 5 B r o a d S t., N e w Y ork .

Besides these p la n ts th is C om pany also ow ns a b o u t oneth ird of th e stock of a n o th e r corporation a t a cost of $100,000, a n d operates u n d e r th e n am e of th e C rescent & Sher­
brooke T ank L ines 259 cars, w h ich it ow ns, an d likew ise
controls th e G eneral L ig h terag e C om pany, w h ich operates
seven ta n k boats an d steam lighters.
The follow ing ta b le shows in a su m m ary m a n n e r how the
stock of th is Com pany was issued:
P r e f. S to ck .
Issu e d fo r p r o p e r tie s a cq u ired a b o u t M arch
1 , 1 8 9 9 .......................................................................... $ 7 ,4 0 1 ,3 0 0
Issu e d in p a r t p a y m e n t fo r p ro p e r t’e s a c ­
q u ired s in c e ...............................................................
40S,70O
Is su e d fo r oash a t p ar n e t t o th e C o m p a n y ... 1 ,6 0 6 ,0 0 0
$ 9 ,4 1 6 ,0 0 0

Com . Stock.
$ 6 ,9 7 0 ,3 0 0
4 4 0 ,0 0 0
..............
$ 7 ,4 1 0 ,3 0 0

N e ith e r in th e o rg an izatio n of th e Com pany nor a t a n y
tim e since have an y fees, com m issions, discounts or allow ­
ances been paid, w h e th e r for th e acq u isitio n of p ro p erties or
th e sale of P re fe rre d Stock, ex cep tin g th e expenses of C oun­
sel and of th e A ppraisal C om m ittee aforesaid.
D ividends have been paid as follows: U pon th e P re fe rre d
Stook a t th e ra te of Six P e r C ent per a n n u m since M arch 1,
1899, a n d th e sam e a re now paid q u a rte rly . One and OneH alf P e r C ent on J a n u a ry 1, A pril 1, Ju ly 1 an d O ctober 1 in
each year; on th e Common S tock a t th e ra te of F our P e r
C ent per a n n u m from a n d a fte r M arch 1, 1900, and th e sam e
are now paid q u a rte rly , One P er C ent on M arch 1, Cue Per
C ent on J u n e 1, One P e r C ent on S eptem ber 1 an d One P e r
C ent on D ecem ber 1 in each year.
The Incom e A cco u n t for th e year 1901 alone is as follows:
S u rp lu s o n b o o k s D eo em b er 3 1 , 1 9 0 0 .......................................
N et p ro fits fo r th e y e a r 1 9 0 1 ..........................................................

$ s8 9,10t> S7
l,S 6 S ,S 4 7 S3

$ 3 ,8 4 7 ,4 5 8 7 0
L ess d lv s. p a id to sto ck h o ld ers: P r e f e r r e d ...$ 5 2 0 ,4 4 0 0 0
C o m m o n .... 2 9 3 ,3 4 8 0 0
--------------------8 1 3 ,7 8 8 OO
L e ss ch a rg ed off P la n t A c c o u n t, e t c ..........................................

$ 1 ,4 3 3 ,6 6 5 TO
UVv- .’S 38

S u rp lu s, D e e . 3 1 ,1 9 0 1 ................................................ ...............$ 1 ,3 3 8 ,4 3 7 3 7

M a y 24, 1902.]

THE

CHRONICLE

1095

renew als and b e tte rm e n ts of p lan t, which have g reatly in ­
creased tho efficiency of tho same.
The G eneral Chem ical Com pany hereby agrees to publish
a fairly detailed balance sheet, show ing the general co n d i­
A ssets —
Manufacturing Investment a t ooat....................................$12,910,102 20 tion or th e Com pany, a n d also an incom e account in each
Investments lu other corporations........................................ 2,060,70020 year, and will have the sam e ready in such tim e as to te
Merchandise on hand, at factory o o st.................................. 1,100,04770 able to deliver th e sam e to stockholders a t least fifteen days
Receivables................................................................................ 1,873,01782
before its A nnual M eeting.
Classified as follows:
Due from customers...................... ........$811,230 44
The D irectors are: W illiam H. Nichols, S anford If. Steele.
Due from corporations controlled........ 472,566 01
George W. K enyon, Jam es L. M organ, Chas. Robinson
Bills receivable do
do
........ 89,221 37
Cash............................................................................................
372,55039 S m ith, E dw ard H. Rising, H en ry W. C happell, all of th e
■Unexplred msuranoe premiums, stamps, e to .....................
20,02029 C ity of New York; E ugene W augh of S um m it, N. J .; W illiam
M. Johnson of H ackensack, N. J . ; R obert N. H all of Mon­
$18,533,464 66 treal, Canada; C larence P. T iers of P ittsb u rg , Pa.; H ow ard
F. Chappell of C hicago, 111.; A ngus C am eron of B altim ore,
L ia b il it ie s —
Capital S tock-Preferred......................................................... $9,416,000 00 Md.
do
do
Common......................................... - .......... 7,405,500 00
The Officers are: P resid en t, W illiam H. Nichols; F irst ViceAocounts payable........................ - .....................................
332,287 29 P resident, Sanford H. Steele; Second V ice-P resident, Chas.
Dividends accrued...................................................................
141,24000Robinson Sm ith; C hairm an E x ecu tiv e C om m ittee, E dw ard
Surplus....................
1,238,437 37
H. Rising; T reasurer, Jam es L. M organ; S ecretary , J. H e r­
$18,538,464 66 b e rt Bagg.
The C om pany’s p rin cip al an d official office is a t H ighlands,
The item “ m a n u fa c tu rin g in v e stm e n t” includes real e state in th e Tow n of P hillipstow n, P u tn a m C ounty, New Y ork,
an d p la n t ow ned in fee, value $7,002,526 83, to g e th e r w ith w here one of its p lan ts is situ ated .
$5,814,321 50 allow ed for th e good w ill thereof.
The Com pany also has an office a t 25 B road S treet, in th e
In v estm en ts in o th er corporations include th e am o u n t C ity of N ew Y ork.
paid th erefo r, w h e th e r in cash or in th e secu rities of the
The T ran sfer A gent of th e Com pany is A lfred D. B yrne,
w ith an office a t th e New Y ork office of the Com pany, a t
G eneral Chem ical Com pany or both.
The item s “ m erchandise on h an d an d c a sh ” in d icate only No. 25 Broad Street.
th e item s of those descriptions an d a p p e rta in in g to th e
The R eg istrar in th e C ity of New Y ork is th e M a n u fa c tu r­
p lan ts directly ow ned in fee, an d do n o t include th e item s ers’ T rust C om pany of 20 Broad S treet, M an h attan , an d 189
of those descriptions ow ned by th e com panies co n tro lled by M ontague S treet, Brooklyn.
There are su b m itte d h e re w ith a copy of th e C ertificate of
th e G eneral C hem ical Com pany.
The Balance Sheet show s every lia b ility of th e G eneral Incorporation of th e Com pany; a copy of its By-Laws;
C hem ical Com pany. These consist of c u rre n t accounts, Opinion of Counsel th a t C om pany lias been legall}- o rg an ­
w hich are paid m onthly.
ized, and th a t th e securities have been legally issued, th a t
The corporations controlled by th e G eneral C hem ical all real esta te is free an d clear of en cu m b ran ce, ex cep t as
Com pany had o u tsta n d in g on D ecem ber 31, 1901, accounts stated th erein an d h erein; Specim ens of each k in d of S tock
payable am o u n tin g to $67,699 04, w h ich are likew ise c u rre n t C ertificates, Com m on an d P re fe rre d , bo th one h u n d red
accounts, paid m onthly. As a g a in st such acco u n ts these share lots a n d lots of less denom inations; a copy of Resolu­
corporations had in quick assets, co n sistin g of m erch an d ise, tions as to Sale of Stock of o th er com panies.
cash and receivables, $545,312.
R espectfully,
N either th e G en eral C hem ical C om pany n o r an y of th e
WM. H. NICHOLS, President.
aforesaid corporations co ntrolled by it has an y obligations
The C om m ittee on Stock L ists recom m ends th a t the
o u tstan d in g except as h erein stated .
above-described $9,416,000 Six P e r C ent C um ulative P re ­
The item “ surplus, $1,238,437 37 ” in d ic a te s th e su rp lu s of ferred Stock an d $7,410,300 Common S tock be ad m itte d to
earnings from th e operations of th e C om pany since its th e list.
o rganizatio n on M arch 1, 1899, a fte r th e p ay m en t by it to
W . H . G r a n be r y , Chairman.
and inclu d in g J a n u a ry 2 la st, of $1,988,930 in dividends to
A dopted by th e G overning C om m ittee May 14, 1902.
its stockholders, an d a fte r large ex p en d itu res for repairs,
W m . McCl u r e , /Secretary.
The Balanoe Sheet of the assets and lia b ilities of the Com ­
p a n y as of D ec. 31, 1901, as certified by said acco u n ta n ts, is
n s follow s:

S t. C la ir S te e l Co.— Consolidation,— See C lairton S teel Co.
ab ove.— V. 73, p. 902.

298,912 represented proxies held by th e m anagem ent
and 87,189 by Talbot J. Taylor & Co., th e la tte r con­
S t. L ou is N a tio n a l S tock Yards Co.— Listed in Boston .— fining th eir efforts to th e re-election of M. S. B u rrill.—V.
The Boston Stock E xchan ge has listed the $2,500,000 first 74, p. 991, 835.
U n ited S ta te s S teel C o rp o ra tio n .—Plan Ratified.—A t
m ortgage 4 per cen t gold bonds. The com pany is an Illin ois
corporation organized N ov. 4, 1872; capital stock is $4,300,- the m eeiicg on Monday th e bond plan w as ratified by a vote
of 3,745,731 shares of th e preferred and of 3,958,557 shares of
000; cash in treasury $418,110.—V . 73, p. 1211.
the common stock,—V. 74, p. 1042, 991, 985.
S tan d ard M illin g Co.— In Possession.—This com pany on
Y irg ln ia -C a ro lin a C hem ical Co.—Acquisitions.— The co m ­
May 11 took over all the property of th e U n ited States F lo u r
pany confirms th e rep o rt th a t it has arran g ed to p u rc h a se :
M illing Co., in clu d in g its interest in the H eck er-Jon es-Jew ­
M on tgom ery F e r tiliz e r Co. an d A la b a m a F e r tiliz e r C o., b o th o f

ell M illing Co., w hose property w as also taken out of re­ M on tgom ery; O p elik a C h em ica l Co. o f O p elik a, M ob ile P h o s p h a te Co.
o f M obile an d P a cific C h em ical Co. o f D o th a n , le a v in g o n ly o n e in d e ­
ceiver’s hands.—V. 74, p. 785, 100,
p e n d e n t fe r tiliz in g m a n u fa c tu r in g p la n t in A la b a m a , v iz ., a t T roy.
S tan d ard S te e l Car Co.—New Directors.— W . L. M ellon of
The com pany, we are inform ed, w ill m ake surplus earn in g s
M ellon & Sons, bankers, P ittsburg, and H enry A iken have
been added to the board, m aking seven directors.—V . 74, p. this year sufficient to pay for these acquisitions.—V. 74, p.
1042, 942.
732, 583.
W estern U n io n T e le g ra p h Co.—Contracts with Pennsyl­
T ex a s O il C om panies.—Forfeited.— The “ St. L ouis G lobe
D em ocrat” published a list on May 18 of 242 oil com panies vania RR. Lines to Terminate —The P ennsylvania R R , Co,
organized under the law s of Texas, w ith share capital ag g re­ has notified th e W . U. Co. th a t the agreem ents u n d er w hich
g a tin g about $40,000,000, w hose charters have been declared the la tte r operates telegraph lines over the rig h t of w ay of
forfeited by the authorities of th at S tate for failu re to pay the railroad so far as they have expired by lim itation, w ill
th e franchise tax due on or before May 1; also the nam es ot' term in ate a t the end of six m onths from Ju n e 1, 1902. This
27 foreign corporations, w ith total capital stock of about action is officially explained as due to the failu re to agree on
$20,000,000. w hose perm its to do business in Texas w ere for­ satisfactory term s for a continuance of th e agreem ents, b u t
is popularly tak en as occasioned by th e persistence of th e
feited for the sam e reason.—V. 73, p. 448.
Goulds, who control the telegraph com pany, in th e ir p ro ject
T hom as Iron Co., E aston , P a .— Offers.— Verner & Co., for a com peting railroad line to th e A tlantic Seaboard (see
P hiladelphia, are ad vertising for offers of th e com pany’s $50 W heeling & Lake E rie item , V. 74, p. 1040.)
shares, total issue $2,500,000. A t last accounts there w ere
The follow ing was given out as official:
$350,000 5 per cent bonds, due in 1910. The property includes
T h e n e t y e a r ly r e s u lts to th e W estern U n io n Co, o f th e m a tte r in
blast furnaces at A lburtis, H ellertow n and Island Park, Pa. d isp u te do n o t a m o u n t to m ore th a n $-10,000. T h e d isp u te is sim p ly
a le g itim a te d ifferen ce o f o p in io n o v e r a o o n tr a o t, an d th e r e is n o
—V 69, p. 286.
w a rra n t for th e ta lk th a t it w ill lea d to a n y d istu rb a n ce o f th e h a rm o ­
T u b u la r D esp atch Co.—Deport Denied.— See Am erican n io u s r ela tio n s b e tw e e n th e G ould an d th e P e n n s y lv a n ia in te r e s ts .
P neum atic Service Co. above.— V. 72, p. 1241.
Telephone Companies in the Telegraph Business.—See A m er­
U n ited Fruit, Co.— Offer to Purchase Boston F ru it Co. ican (Bell) Telephone & Telegraph Co. above.—V. 74, p. 785.
Bonds.—The com pany offers to purchase the $25,000 Boston
W estinghouse E le c tric & M a n u fa c tu rin g Co.—Acquisi­
Fruit Co. 6 p. c. first m ortgage bonds m aturing May 1, 1903, tion,—This com pany recently acquired from the L orain Steel
at 102 and Interest any tim e prior to Ju ne 1.
Co. (U nited S tates Steel Corporation) th e electric-railw ayP u r c h a s e The com pany has bought out the D um ois Bros, m otor m an ufacturing business form erly carried on u n der
of C uba.—V. 74, p. 1060,1066.
the nam e of the Steel M otor Co. a t Johnstow n, P a , w here
U n ited S ta tes Bobbin & S h u ttle Co.—Called Bonds.—The the motors w ill continue to be made. The proposed new
Industrial Trust Co., Providence, R. I., w ill redeem on A ug. building at P ittsb u rg , it is said, w ill be 1,700x1,800 feet, w ill
1 at 105 and interest ICO first m ortgage 6 per cent gold bonds cost about $1,500,000, and will double th e capacity of the
of the par value of $500 each .— V. 72, p. 245.
works a t th a t place.—V. 74. p. 942, 101.
W iggins F e rry Co., St. L ouis.—L itigation.—The re tu rn of
U nited S ta tes R ubber Co.— Directors Re-elected.—The
board of directors as recently changed (V. 74, p. 835) w as the Mississippi Valley T ru st Co. of Sc. Louis to th e C ourt in
re-elected on Tuesday and now stands as show n on page 165 the recent in ju n ctio n suit grow ing out of the contest for
of the I n v esto rs ’ s u p p l e m e n t . Of the total votes cast control has been printed in pam phlet fo rm .—V. 74, p. 942.

THE CHRONICLE

lOliB

[V o l . L X X IV ,

C O T T O N .
F riday N ig h t , May 23, 1902.
Tub Movbmknt o f t h b C r o p , as Indicated by our telegram s
COMMERCIAL
EPITOME.
from the South to -n ig h t, Is g iv e n below . For the week ending
this evening the to ta l receip ts have reaohed £0,269 bales,
F riday N ig h t , May 28, ltK)3.
against 46,289 b ales last week and 59,368 bales the previous
A waiting policy has appeared to develop in a number of week, m aking the to ta l receipts sin oe the 1st of Sept., 1901,
iiuea cf trade. Both buyers and sellers have shown a dis­ 7,257,368 bales, again st 7,041,529 bales for the same period of
position to hold off aw aiting developments in the near 1900-1, sh ow ing an increase sin ce Sep. 1, 1901, of 215,839 bales.
future, and business has accordingly been curtailed to some
eteetipte a t—
Mon.
Hat.
Yves. Wed. Tkur*. F ri.
to ta l.
extent. As to prices, no important changes have occurred, Galveston......
386 1,568
743 4,237
342
481
717
and the general undertone has been reported as steady. The
flab. Pass, Ao
235
235
883 1,564 1,601 1,096 8,047
strike of the anthracite coal miners has continued a matter Mew Orleans... 1,201 1,802
20
7
478
101
606
of much interest to the business world; judging, however, Mobile...... .....
......
......
441
441
from surface indications comparatively little progress has Pensacola, Ac
641 1,943
HO
709
225
265
3
Savannah........
been made the past week by either strikers or operators.
Bnmsw’k.Ao. ...... ...... ........ ........ ...... ........
9
Crop news from the West and South has been generally i
.
5
20
6
favorable. The grain crops are reported as making good
9
9
......
Pt. Royal,Ao.
progress and the outlook for the cotton crop is promising. Wilmington....
348
377
2
12
15
A feature of the week w ts the inaugurat'on on Tuesday of
Wash’ton.Ac ...... ........ ........ ...... ........ ........
the independent government in Cuba.
920 2,912
530
182
87
166 1,027
Norfolk..........
Lard on the spot has had only a email sale, both refiners N’p’t News, Ao ...... ...... ...... ...... ......
207
207
and exporters being ligh t buyers ; prices have declined, fol­
372
372
lowing a break in the speculative market, which has been Ronton _____
24
226
34
62
63
48
adversely influenced by expected increased receipts of hogs B altim ore.....
........
118
118
and an unsatisfactory cash demand. The close was quiet at
519
50
27
3
68
133
238
10‘55c. for prime W estern and 10@10)^c. for prime City. Re­ PhHadel’a, Ac..
fined lard has been quiet and prices have declined, closing at Tot. this week 2,762 4,019 3,271 2,883 2,490 4,844 20,269
10 85c. for refined for the Continent. Speculation in lard for
The follow in g shows th e w eek's to ta l receip ts,th e to ta lsln o *
future delivery has been moderately active. Speculative Sept,1,1901, and the stook to -n ig h t, com pared w ith lastyear>
holders have been sellers and prices have declined. The close
S to ck .
was quiet.
1901-02.
1900-01.

JChue

C o m m e r c ia l

DAILY CLOSING PRICKS OP LARD

Sat.

Mon

FU TURES.

Tut*.

Wed.

T k u r t.

F ri.

10-67 10-62 10-52 1050 10-52 10-50
May
The demand for pork has been lim ited, but w ith small
stocks of fam ily and clear these grades have been firmly
held, closing at $18@18 50 for mess, $19 25@20 for fam ily
and $18 75@21 for short clear. Cut meats have had only a
lim ited call and prices have shown an easier tendency,
closing at 8 ^ 0 . for pickled shoulders, llj^ @ 12 c. for pickled
hams and 10c. for pickled bellies, 14@10 lbs. average. Beef
has been in small supply and firmly held, w ith mess at $14 50,
packet $15@16, fam ily $16@17, and extra India mess in tcs.
$26. Tallow has been firm but quiet at 6%c. Stearines
have been quiet and prices have weakened slightly,
closing at 12 c. for lard stearine and 18J^c. for oleo
stearine. The..demand for cotton-seed oil has been lim ited,
exporters doing practically nothing, but prices have held
steady, w ith prime yellow at 45j^@46c. Butter has been in
increased supply and prices have been easier, although dur­
ing the latter part of the week there was a steadier tone and
the close was at 19^@22c. for creamery. Cheese has been in
limited demand and. steady, w ith new State factory, full
cream, quoted at 10^@123^c. Receipts of fresh eggs have
been fairly heavy, but w ith a good demand prices have
held steady, closing at 17@17j^c. for choice Western.
Brazil grades of ccffee have been dull. Both jobbers and
roasters have reported only a very moderate distributing
business and they in turn have been slow buyers of invoices.
There has been, however, no especial pressure to sell and
prices have held fairly steady, closing w ith Rio No. 7 at 5j^c.
The feature of the market for W est India growths has been
the scarcity of the better grades, which have sold readily at
full prices, closing at 834@8%c. for good Cucuta. Specula­
tion in the market for contracts has been quiet. There has
been some buying by shorts to cover contracts, and this has
held prices fairly steady. The close was quiet.
Follow ing are the closing asked prices:
505o. Aug.
5-25c. [ Deo...
5-550.
May.
6'35o. Jan....
5-650.
5-Ooe. S ep t.
June
5-40e I Marcli,
5-800.
5-15c. Oct
July
Offerings of raw sugar have been light, and w ith a lim ited
demand from refiners prices have held steady at 8 7 16c. for
centrifugals, 96-deg. test, and 2%c. for muscovado, 89-deg.
test. Refined sugar has had only a lim ited sale; prices have
been unchanged at 4-65c. for granulated. Teas have been
dull. Pepper and nutmegs have been steadier.
Business in the market for K entucky tobacco has been
quiet, both exporters and the home trade being light buyers;
prices have held steady. Seed leaf tobacco has had only a
small sale and there has been an absence of tone to the mar­
ket. Foreign tobacco has been quiet; sales reported for the
week included 250 bales Sumatra.
Business in the market for Straits tin has been quiet, and
there has been a slight reaction in prices, closing at 29-35@
30'25c. Ingot copper has been in fairly active demand and
higher, closing at 12-55@12'65c. for Lake. Lead has had a
fair sale and prices have held steady at 4T23^c. Spelter has
advanced, closing at 4 75c. P ig iron has been in fair de­
mand and firm.
Refined petroleum has been unchanged, closing steady at
7'40c. in bbls., 8'50c. in cases and 4'85c. in bulk. Naphtha
has been unchanged at 9-05c. Credit balances have been
steady at $1 20. Spirits turpentine has reacted slightly, but
the close was steady at 47^@48c. Rosins have weakened
slightly, closing at $1 60 for common and good strained.
Hops have been in small supply and firmer. Wool has been
quiet.

Receipt* to
M ay 23.

IK i*
week.

S in ce Sep.

1,1901.
Galveston... 4,237 2,013,686
85,469
235
Sab. P., Ao.
Hew Orleans 8,047 2,187,093
606 151,649
Mobile........
441 216,623
P’saoola.Ao.
Savannah... 1,943 1,095,812
134,267
Br’wlok.&c
20 262,694
Charleston..
1,565
9
P.Royal.&o
377 275,139
Wilmington
382
Wash’n, Ac.
Norfolk----- 2,912 444,967
35,240
207
N’portN.,Ac
372 109,830
Now York..
226 117,550
8oston........
94,193
118
Baltimore..
31,259
519
Phlladel. Ao
Totals...... 20,269 7,257,868
In order th a t com parison
we g iv e below th e to ta ls at
Receipt* a t—

Galves’n.Ao.
New Orleans
M obile......
Savannah...
Ohas’ton, Ao
Wilm’ton, Ac
N orfolk.....
EL News, Ao.
All ethers...
«ot. this wk.

1902.
4,472
8,047
606
1,943
29
377
2,912
207
1,676
20,269

I h it
week.

Sin ce Sep.

1, 1900.

18,163 1,970,093
421
49,723
17,953 2,288,758
109 106,687
1,609 165,640
5,2E0 1,032,681
2,248 121,164
270 216,774
1,619
7
232 256,500
522
3,608 883,091
168
33,518
2,071 133,010
375 189,906
62,227
978
23,610
440

1902.

1901.

45,847

65,367

147,020
9,589

164,495
9,287

20,236
1,905

51,497
2,398
5,398

6,406

7,406

......

......

18,331
129
186,412 123,096
26,000
17,000
5,188
8,389
3,998
3,821
53,832 7,041,529 475,758 481,580
m ay be m ade w ith other years,
lea d in g ports for six seasons,
1897.
1898.
1899.
1900.
1901.
2,853
1,139
5,359
6,302
18,584
4,795
8,361 15,320 19,812
17,953
175
368
116
471
109
2,423
1,933
4,625
5,280
3,327
700
993
247
277
1,237
32
620
54
1,094
232
4,446
3,962
4,322
2,513
3,608
482
198
128
168
848
8,102
3,511
7,178
7,621
8,635
53,832 32,433 38,058 39,038 16.152
29,133

since Sept, l 7257,368 7041.529 6337.128 8155,194 8440 049 6628,167
The exports for the week en d ing th is ev en in g reach a total
of 49,261 bales, of w hich 18,348 were to Great B ritain, 1,714
to France and 29,199 to the rest of th e C ontin en t. Below
are th e exports for th e w eek and sin oe Sept. 1,1901.
23,1902. F ro m S e t t 1, 1901, to M a y 23,190*
S x y o r ie d to —
Assorted to—
G rist Frsnee C o n ti­ lot# l Q reel F r a m e C o n ti­ l e t e l.
fr o m —
n e n t,
B r i t ’n .
n e n t . Wisfc. B r ita in .
.... 5,120 5,420 832 109 828,186 517,672 1,708,200
Galveston...... .....
85,293 02,987
27,696
Sab. Pass, AO.. ...... ...... ..... .....
Haw Orleans. 15.371 ...... 7,015 22,389 662,87S 278,527 018,288 1,789,688
29,809 93,330
83,511
...... ...... ........
Mobile.........
..... ..... C4.72S 18,099 88.S7S 1S9.8C0
Pensacola..,. ........
0,797 8,967 219,145 18,815 619,911 7S7.7S1
2,170
Savannah.....
71,769 5,018 88,759 115,570
...... ........
...... .......
Brnnswiok..
65,300
73,41* 137,020
........ ......
Charleston..
........ ........ ........ .......
Port Royal.
119.076
112,580 201.005
Wilmington,. ....... ....... .......
......
3,100 83,338
21.239
200 35,575
200 36,375
......
200
g’port N.. Ao..
023 1,711 6,093 9.0S0 2,-9 904 21,876 212,873 521.713
New York....
154,.-98
......
181 149,310
181
Boston.........
760 48,201 98,8*8
........ ........ 2.771 2,771 49,891
S altim ors...
2,303 16,*77
14,275
Philadelphia. .....
119 814 10,',078
300 10,801
300
ten Fran.. Ao.. .....
T otal......... 18,818 1,714 29.199 19,201 8,960,138 095,430 9 508,058 6,159,631
>
Total. 1900-01. 22,350 15,503 15,051 82,90712,771.017 09?,M * 4889 00 5,858 077
W eek B o d in g M a y

ifassort*

THE OHKONICLE

M a y 2 4 , 1902.1

1097

F u t u r e s .—H ig h e s t, lowest and closing prides at New York.

In addition to above exports, our telegrams to-night also
g iv e ua the following amounts of cotton on shipboard, not

cleared, at the ports named. We add similar figures for
Mew York, which are prepared for our speolal use by Messrs.
Lambert ft Barrows. Produce Exchange Building.
ON SHIPBOARD, NOT CLEARED FOR—
M ay

23 a t—

G rea t
B r i t a in F r’nee

New Orleans.
G alveston__
S av an n ah ....
Charleston...
Mobile
Norfolk..........
New York__
Other p o rts .

Ger­ Other O oaitmany. F or'gn w ise.

T otal.

1,649 10.255 5.365 11,342 1,261 29,872
6,705 9,348 5,769 1,302 1,446 24,670
500
60 J
........
........ ........ ........ ........ ........
......
200 6,300 7,200
700
4,288
1,050
i,400 1,833
2,500
2,000
eoo

Total 1902.. 10,604 19,603 14,534 14,077 9,507 68,925
Total 1901.. 22,282 2,709 20.767 11,600 8,116 65,474
752 ---- 24,533---- - 5,180 41,496
Total 1900.. 11,031

L e a v in g
•took.

117,148
21,277
19,730
1,905
9,689
21,933
182,129
33,116
406,883
416.116
240,756

Speculation in cotton for future delivery has been on a
moderate scale only and the undertone of the market has
been unsettled. The bull interest has continued to express
decided confidence in the future for this crop deliveries,
based on the small supply of cotton coming into eight, a
rapidly decreasing visiole supply, and the strength of the
Southern spot markets, which have continued to hold firm at
above the parity of the local market. Despite, however, the
strength of the statistical position, the bull interests have
not been aggressive, being held in check by the reports of
less favorable trade conditions and the favorable progress of
the growing crop. The latter feature, in fact, is the princi­
pal bear point of the situation. Spinners naturally are not
disposed to purchase freely of actual cotton with the present
favorable outlook for a large yield from the growing crop,
and the sentiment among many of the speculative element
appears to be growing more bearish. To-day there was a
quiet market, but prices made an advance of a few points
on the light crop movement, the amount of cotton “ in
sigh t” for the week being below general expectations.
During the late trading, however, under scattered selling by
local traders, the improvement was lost. The close was quiet,
with prices 1 point higher to 6 points lower for the day.
Cotton on the spot has been quiet, closing at 9%c. for mid­
dling uplands.
The rates on and off middling, as established Nov, 20,1901,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows,
Fair...................................o. 1*14 on Good Middling Tinged_
_ Even
Middling Fair ..................... 0*80 on Striot Good Mid.Tlnged.o. 0*20 on
Strict Good Middling..........0*50 on Striot Middling T inged.... 0*06 off
Good Middling.................... 0*32 on Middling Tinged................ 0 1 2 off
Striot Low Middling..........0-14 off Striot Low Mid. T inged... 0 34 off
Low Middling............................0*38offMiddling Stained.............. 0 50 off
Striot Good O rdinary.......0-72 off Striot Low Mid. Stained... 1 0 6 off
Good Ordinary................ 1*00 off Low Middling S tained..... 1*50 off

On th is basis the official prioes for a few of the grades for
the past week—May 17 to May 23 -w ould be as follows.
UPLANDS.
S a t.
Good Ordinary__________ ... 8-37
Low M iddling..——
— . . . . . . 89 9
Middling------ ----------- . . . . . . . . 9%
Good Middling________ ____ 9 69
Middling F air............................ 1017
GULF.
S a t.

M on T uea W ed

F ra .

8-56
918
9 9ie
9-88
10-36
W ed

8-50 8-50
9*12 91 2
98s
9^
9-82 9-82
10-30 10-30
T h , Firi,

8-68 8 81

8-75 8-75
937 9-37
9%
9%
10 07 10 07
1055 10 55
T k , F ri.

8-37
899
9%
9-69
10 17
M on

Good Ordinary........................ 8*62 8-62
Low Middling..,___ ________ 9-24 9 24
Middling.................................... 9®8 9*8
Good Middling........ . ............. 9-94 9-94
Middling F air........................... 10*42 10-42
STAINED.
S a t. M o n
Low Middling— — . . —— 7-87 7-87
Middling.............. - .................. 8'87 8'87
Strict Low Middling Tinged... 9 0 3 9 03
Good Middling Tinged............. 9 37 9-37

8-43
9-05
9 ’ ifl
9-75
10-23
T ues
9-30
9 lli6
IO 00
10-48
V u es

943
9 l3ie
10-13
10-61
W ed

7*93
8*93
9 09
9-43

8*06
9 06
9'22
9-66

8-00 8-00

9-00
9-16
9-50

90 0
9-16
9-50

The quotations for middling upland at New York on
May 28 for each of the past 32 years have been as follows,
1902— 0.
1901........
1900........
1899........
1898........
1897........
1896........
1 3 9 5 ......

9^2
0®
16
0q
6h*

8*8

75ie

1894. ...c . 73]0 1886.. - 0. 9ti
1893.
1885..
1884.. — 11»8
1892. ....... 738
b
1891. . . . . . 8> 16 1883.. — 11
1882.. — 1218
1890.
1889.
1881..
1880.. ....1 U 3 16
1888. — 10
1878.. — 1318
1887. ....... 11
MABKET AND SALES.

1878. . .. 0.111 i 8
1877. ....... 10?8
1876. .......11 13H
1875. — *1618
1874. .......188s
1873. .......101*
1872. ....... 2**8
1871. .......1618

The total sales of ootton on the spot each day during the
week are indicated in the following statem ent. For the
convenience of the reader we also add columns whioh show
at a glance how the market for spots and futures closed on
same days.
Sales or Spot A Oontraot
Spot M
arket Futures
Market
Closed.
x­
ConC on ­
Closed, pE r t. tu m p . tra ct. T o ta l.
o
Baturday.. Quiet at i8 dec.. W eak.......... 3,000 410
3,410
....
Monday__ Steady............. Very steady.
512 1,000 1,512
ready.......
j
Tuesday... Qnler, at ■« ad v. H
90
90
Wednesday Steady at, Qad.. Steady.......
--- 103
103
« ___
Thursday.. Quiet at Qe dec Bteadv.......
100 118
16
Friday...... Quiet.... .......... Quiet Ast’dy 1,100 303
700 2,106
Total......
4,100 1,438 1,800 7,338

1 1

1 1

14

14

I 1

1 1

11

1 1

14

14

1 1

1 1

1 -to
GD
O
00 ■ CDO
CD
CD
14
1 4
<1, <1<I
aP On 00
rf*CO
c*
31
*» 1 <1<
O ' oboo
O
■4 05 CD
*
14 14
. <1<1
O * •O CD
D good
00

14
I

1
11

i a
aa
14
l 1
i i
1 1
14
1 1

1I
14
1I
S9

1 1

<J ,

<l<l

c
d

1 1

00
0 00
0to

1 4 14
! 1 •? 1
1 1 CO '
o
Q
i *? CO*I
' C
D
if* IP
*
14 i 4
-? 1
'1 *? CO ■
©
< 05
1
1 1 *? i
1 I
00*
00
14 14
9 1 <1*4
1 1
00 CD
©cx
-? 1
1 1 00 ■
cx
1 4 14
1 1 -? 1
1 a
00 '
*4

I 1

i -?
' ©

14

t

1 s
l 1

i *?
! CD

4

9 1
[ 1

*4*4
obob
14
*4*4
O CO
D
**©
*4*4
obob
O'CD
14

•4*4 *4*4
toco
M M
14 14
*4*4 *1*4
oom CD CO
*l
0510 hO
*4*4 *4*4
or oo CD 00
05 0*
o oo
14 14

*4*4

*4 *4

CD CD

OO Q
D

oboo oboo
00*4

*3 00

*4*4
00 OD
*4 CD

14

14

*4*4
00 00
CO 00

*4 * 4

*4*4

*4*4
CD 00
if* CD

00O
D
00*4

coco
cx o
I 4 14
<1<1 * 4 * 4
CD CD
COCO
050) CXCX
-J-J
ooob 00 00
ac
d
*4 *4
14 i ©
<1*4 * 4 * 4
00 CD obco
OO CO

00 05

<1*4

*4*4

I *?
' CD
to
1 4

1 CD
CD
i 4
14
I -?
1CX 1 T 1 CD
T 1 *? 1 *?
O O

6©
to to
14
go
od

©M
CD CD

00 00

©O
-JO
14
00O
D
©©
00 OD

00Q 00 00 O O
D
DD
|f* 05© CD©
CD CD ©© CO
1o 1« 14
00 00
OO OO
DO C O
O
C *4 00 C ©
X
if* CD ©<l
^05
O C OO GO
C D DO OD
0 05
oo© © O
O
If* © ©o
OO 05
4 1 14 14
OO ODOO CO©
DO
OO OO © M
DO 6 ©
w- to
0 05

00 00
00O
D
*4 * 4
*4*4
OO coco ©o O |f>
DO
*
C
C # 05© coo © D
D*
1 4 14 19 14
DO
-J-J * 4 * 4 OO 0000
0505
CD CD M M
CD 00
©CD
< 05 © © o©
3
OD
-j -j 0 0 * 4 a oo GO
coco ©CO M M *405
CD CD 00 to
to t o
14 14 1 4 14
D
D
-J-J 00C 00O 1 °?
to tb * *4
CD CD o o
*4 V*
IF o o
*
to
DO
*4*4
-J-J OO 00 00
obco coco ©o o o
OOjfh.
cxcx *4 00 ©©
14 14 14 14
-JO *4 0 0 C 00 GO
OD
D
a c cd
CD©
©to 05* 4
00 be
CD 00
05 05
©O
O | * 4 * 4 ODOO ODOO
0 0*
coco c© OO
cx
tote C M ©*4
"
14 14 14 14

oboo obob
|P C
*5
14 14
o<s *3* 4 *4 * 4
obco oboo ooob
050 0 * 0 0 05 QD

CX©5

*4*4
CD CD
05* 4

00 00

1

*?
* 00
If*

14
1 *?
•©

*4*4
CD CD
CD *4

00 CD

i <i
1 GO
QD

00
* ©
©

14
S° ?
“©

©M

© to

.

00 00
<35©
© 05
i 00
* CD
©
1 4

00 QD
00*4
05 CX

14

00 00

0000
*4 * 4
© 00

©O
G
to©
14
©©
OO
wco

©CD

c? ©
CC
X5
14
©©
o©
0505
©©
tO M
©o
T4
©©

O©
D
rb©
O©
O
14
©©
©M
©M
©D
C
O©
CD©
14
©©
©6

i °?
‘ 00
©

©<
*

©©
M ©
05 to

14
©©

tog-

MM
*4 * 4

©©
CD tb
©M

14
l *9
t o to
1 CO
tO M
©
00 00
©© © ©
CD 00
©o M tO
©© ©cx QXM
14 14 14
00© ©© ©©
©6 ©M *J CI
to M CD
M 05
00
J
00 00
© 00
©©
©CD
M M
© 00
© GO O X
C
14 14 14
GOOD ©©
©©
©CD
M
©O C htO
©
M *4
M Co
i °?
' C5

. O
ft
oi
m 2.

.5
II
<g
xc
. S
»5
^ 6
0
10^.
to©
•

l |
5;
"

i 00
1 CO
©

1 4
1 4 1 4 Cb
l *9
1 *4 ‘ © * to * CO
°?
1
1 *9
* to *
to
K
3 CI
*
OD
<35
©
O
of C otton to -n ig h t, as m ade up by

14

| OD

<
1
CO
05
T he V is ib l e (s u p p l y
cable and telegraph, is as follows.

Foreign stocks, as well
as the afloat, are this week’s returns, and consequently all
foreign figures are brought down to Thursday evening,
But to make the total the complete figures for to-night
(May 23;, we add the item of exports from th e United States,
Including in it the exports o f F riday o n ly ,
1902,
1901.
1900.
1899.
*toek at Liverpool__...b a le s. 1 ,000,000 749,000 599,000 1,477,000
stock a t L o n d o n ...............
8,000
8,000
5,000
5,000
Total G reat B ritain stook.1,008 000 757,000 604,000 1,482,000
itook a t Hamburg.— — —
17.000 20,000
16,000
27.000
Stock a t Brem en..............
154,000 206,000 325.000 801,000
Stock a t A m ste rd a m ..... . . . . .
........
. .. .. .
1,000
3.000
Stock a t R otterdam . . . . . . . . . . .
........
200
300
200
dtoek at A n tw erp ...—
.........
6,000
5,000
3.000
4.000
Stock a t Havre..........„.........— 184,000 170,000 192.000 203.000
3.000
Stock a t M arseilles................
3,000
4,000
6.000
Stock at B arcelona.................. 103,000
61,000
93.000 103.000
Stock a t G enoa...............
15,000
43,000
70.000
63.000
Stock a t T rie s te ..... .... ........
4,000
14,000
6.000
26.000
Total Continental stocks..
486,000 503,200 702,300 743,200
T etal European sto ck s.... 1,494,000 1,260,200 1,306,300 2,225,200
India cotton afloat for Europe 127,000 85,000
49,000 115,000
Amer. cotrtonafloatforE’rope. 201,000 303,000 193,000 208,000
Egypt. Brazil,&o.,aflt.for Efpe
60,000 23,000
16,000 26,000
Stock in Alexandria, E g y p t...
124,000 171,000 125,000 160,000
Stock in Bombay, India.......... 550,000 610,000 321,000 678,000
Stock in United States p o rts..
475,758 481,690 282,252 721,713
Stook in U.B. interior towns..
193,734 415,627 170,982 377,630
United States exports to-day..
3,678 11,715
18,018
12,527
Total Visible su p p ly ..__..8,229,170 3,366,132 2,481,562 4,524,070
Of the above, totals of American and other descriptions are as follow s:
American—
uiverpool stock_____ —
bales. 887,000 619,000 491.000 1,395,000
Continental stocks................
440,000 450,000 672.000 678,000
American afloat for Europe... 201,000 308,000 193.000 208,000
United States stock................. 475,758 481,590 282,252 721,713
United States interior stocks. 193,734 415,627 170,982 377,630
United States exports to-day..
3,678
11,715
18,018
12,527
Total Amerioan.................. 2,201,170 2,285,932 1,827,252 3,392,870
M a it I n d ia n , B r a x il, Ac.—
Liverpool stook....................
113,000 130.000 108,000
82,000
London stook...................
8,000
8,000
5,000
5,000
(Continental stocks......... .
46,000
53,200
65,200
30,300
India afloat for E urope.......... 127,000
85,000
49.000 115.000
2 3,000
Egypt, Brasil, &o., afloat........
60,000
26,000
16.000
Stook in Alexandria, E gypt... 124,000 171.000 125.000 160.000
Stock In Bombay, India.......... 550,000 610.000 321.000 678,000
Total E ast India, Ac. ____1,028,0001,080,200 654,300 1,131,200
Total Amerioan.................2,201,170 2,285,932 1,827,252 3.392,870
Total visible supply......... 8,229,170 3,360,132 2,481,652 4,524,070
3*8d.
4H32d.
middling Upland, Liverpool.. ' 5*8 L
5d.
middling Upland, New York..
9 8jo.
8*60.
9516o.
8*46.
Egypt Good Brown, Liverpool 0uq«d.
5®sd.
6&
lfld.
f'oruv. Bough Good, Liverpool
6Ved.
% d.
W
Broaoh Fine, Liverpool__ . . .
413,„d.
31732d.
%£
580d.
ilnnevelly Good, Liverpool...
4>8d.
8®
32<L
4 i16d.
5 ilad.

ttSF" Continental imports past week have been 83,000 bales.
The above figures Indicate a desreaae in 1902 of 130,932
jales as compared with same date of 1901, a gain of 747,618
dales over 1900 and a decline of 1,294,900 rales from 1899.

lH E

1098

OHKONICLE

[You LXX1V.

Qu o tatio n s fo r M id d l in g C otton a t Ot h e r M a r k e t s ,—
Below are clo sin g q u otation s of m id d lin g co tto n a t S outhern
and other principal co tto n m ark ets for each day of th e w eek ,
GLOBING QUOTATIONS FO B MIDDLING COTTON ON-

M a y 23.

ouoM ^oe w mm- if* m> w
m
bo; 4-t»tCls) < MO<M
B
rOia>ioftMWua!^U'>(u<i>- uiAO*.*-MOacetao

© 0*q«0© 0l

1

S
o
©

a

to

O

M

*0

■
e
S

N 3 « - * f c 0 M

0 i a ® o i ^ a « ( j - 'M '- ia © v t^ .- ] c i) O

c o o iO ik 'iw s o 'm w H

0> m m M K» © O W © J 3 ® j A M 40 to OS 0 0 « p » J S
H jb tD W O J S !^ # ^ #
M
is
b<V') -J ba»
©VMla InbTL«
t*IkV M®C W000)0) M ®s
B
M
SO M © SW © -qO O Q i.K O
M O O © M «O tBM o<IH )lM <CClfi-.<. © *- to i- O
I
M
ot^K iso tO ao tJM O o ^ -O M M W M M M Q O fcateM to o sca-O O M M ©
00 |

s

Is

Galveston,..
New Orleans
Mobile... .. .
Savannah.,
Charleston..
Wilmington.
Norfolk___
Boston........
Baltim ore..
t'hlladelphia
A ugusta....
Memphis__
8t. L ouis....
H ouston_
_
Cincinnati..
Little Rook.

S a tu r .
9H

9aie
87a
9h

M on.

93ig
9alS
B78
01
*

'Puts.

W e d n tt.

Thura.

P r i.

931«
9*8
878
9*4

9*16
9*18
87e
93i«

9*18
0*16
87a
4*16

9*16
9*16
87s
88i«

oq
9*8

9
9*4
9*4
9*4
9*8
9*8
9*8
9*8
9*4
9*8
9*8
9*8
9*16
9h«
H^a
9*8
9*8
9*8
9*8
9*8
9»8
0Hl8
918la
088
9*i
9*S
s
9*8
9*8
9*4
9j4
9*8
9*8
9is
9
9*8
9*4
9*8
9tie
9*8
9*8
0*8
9*8
0*8
9*8
9*8
She
9*16
9*16
9*18
9*18
9*4
9*4
9*4
9*4
9*4
9*4
H78
87e
878
87s
878
87a
The clo sin g q uotations to -d a y (Friday) at other im p o rta n t
Southern m arkets w ere as follow s.
A th e n s ....._
_ 9*4
Columbus, Miss 8%
N ashville....... . 0
A tlanta............ 87s
E u fa u la ..........
N atohez.......... 9
Charlotte......... 9*8
L ou isville........ 9*8
R aleigh ........... 9*4
Golumtms, Qa. 9
M ontgomery... 9*8
Shreveport_
_
81B1S

srS
Js-fig

N ew Orleans Option Market .—The highest, lowest and
closing qu o tatio n s for leading options in th e New Orleans
cotton m a rk e t th e past w eek have been as follows.

to ; M® tO - - 1K X00p « O
M
)
< PHKOJ}
<o
s
*
Q ‘ <ktiSM
0W
©'i.w>* M'-l'oMHtn’oi® 0»*4®©% ©V CBMgto to (%
sl?r
o m ‘ © C O O M O ® ; - q ® ® - 4 -q©-q#*.aOO><*-<olsuiP-tOMO«©®C?>to
©©■ to |S-00-4 to #■ eoto q c «ie-C O towoococc t3»o® f wcfc-q w *
J ««
do
D «#>.

iSat"day. Monday. Tuesday, Wed’day, Thursd'y Friday,
May 17. May 19 May 20. May 2 1. May 22. May 23.

-

Oiwl :
MOD.

•

M

J tK tH ^ U

K)'

© -JM M

CO

CS IXl Olb HH ib OOO O

©* « * © 0i»o«o! fflO HOJ»ffi«li-ibo-©0C MOt©w
1

B » a ® - J W to < l© -q .

to

M (-* ® t o 0 5 © - q

13 < l ‘- *q © © * * « *-•

to

m

M

M

a«

K
>
O«
to *3
C
i
; M
v
-»
SiQDW^WH QDHW W i> * <JH»
tt
3
< 7T «0 K*
1C ^
>>
j^b0O C l to-d--J<*lcgM
)C O
>*-*W M < -*»-‘00<J^>^nO fcO
tO to, 0^
W <35M
€0
v jso cfS i^^ciiai& jd w ^o w w c*

H*^c&cc<iocK>Mcnoc^c«co<i

I?
wS*

S
o
* - * * O M d 3 t O G O
03
K f M M
M
H ce
1 HMHW
^
<1# ffi M©W6 ^C ^esO feltO aiO l^H f t p
3M C <D M »
< | j f t 03p p
C*<* O . 06
Co.JW O CO 03 <1 *-*
Jf*
^ V ^ mmV ^ V o W ^ V io oW m ^ wVkW&isVVb &
V
co
^00>00®<li<JQO<S»toOj05^<doeCiOc^O*cr’< C» ‘C3^01 ^030'4 o »
S ?H
<
^W
O«>-‘00K)03Q0OC3^i-Ot3fc0^CPO03l^O^^H-^<0>-»^<0O^ ©
^

W

K>

60

<3

;

a&

©OWK)W© bo to OO© 03*3to * ^

^

m

w

KOVtO ^
>
*

M

WH

00 CO 00 © 00 O <3 »-* <£> 03 #»* -3 N> 03 bB 03 J CJ» 00 Cb O 03 00 CD 00 O fcO<1 <C QD CH
t o <© O ©* <© C* SO * • < t o C * 3 0 t o > ^ * - * 00 O* 03 03 ^ fcO !► < J 00
3&
Ct> 03 05 00
t*

iffcbS

00

M > -p < )iM <

<J

M

to to k i-q

w

a o j-y i

M ta

CO

H M »sya0 * ► » < ! » « »

S M

8?
wS

I

a a V ^ ct>®o>©V ? oooo® to © m a m
©'©V ® ©<] <i » ©
*. A©©®#.©®®! MO»ffl©O>®lfe.00<>®CTC0©MOIit>.M«©aM
*
HW(8W»»e<PHi »-0<~3lt>Ca©l)OKlO».M©©000©H^MKI«q©
T he ab ove to ta ls sh o w th a t t h e in te r io r sto c k s have de
greased d u rin g th e w eek 19,135 b ales, and are to -n ig h t 221,893
bales less th a n at sa m e period la s t y ea r . T h e receip ts at ali
to w n s h a v e b e e n 30,295 b a les less th an sam e w eek la s t year.
Ov e r l a n d M o v e m e n t f o b t h e W e e k a n d S in c e S e p t , 1,—
W e g iv e b elo w a sta tem en t sh o w in g th e overlan d m ovem en t
for the w eek and sin ce Sept, 1, as m ade up fro m teleg ra p h ic
reports F riday n ig h t,
T h e r e su lts fo r th e w eek ending
M ay 23 and sin c e S ep t, 1 in th e la s t tw o y ea r s are as follow s,
1901-1802.
M ay

23.
W eek.

S in e s
S e p t. 1.

S h ip p e d —

Via St. Louie
.........
Via C a iro .. . . . . . . . . . . . . . . . .
Via P adu cah ..., ...........
...
Via Book Isla n d ........... ..........
V iaL o u isv llie .... . . . . . . ........
Via C in c in n a ti...... . . . . _ . . .
_
Via other routes, <feo.... „. . . . . . .

786,709
145,389
1,192
38,093
806 188,509
306
89,158
1,013 338,457

6,257
2,185

1900-1901.
W eek.

Sines
1.

S ept.

7,043
8,193

811,728
219,Si*'
5,101
280
57,140
1,165 129,393
1,212 100,743
1,803 255,012

10,567 1,582,507 14,196 1,578,462

Total gross overland___

D e d u c t sh ip m e n ts —

Overland to S . V,, B oston, &o..
Between In te rio r to w n s.______
In la n d , & o„from South----- . . . .
T otal to he d e d n e te d ^ ..

1,235 352,832
62,213
26
54,119
947

3,864 408.753
97,097
8,230
68,857

2,208 ~469,164

7,094

574,707

Leaving to ta l n e t o verland*.. 8,359 1,113,343 7,102 1,003,755
* Including movement by rail to Canada.
T he fo reg o in g sh ow s th e w eek ’s n et o v erla n d m ovem ent
th is year has b een 8,359 b ales, a g a in st 7,102 b ales fo r the
w ee k in 1901, and th a t fo r th e season t o d ate th e a g g reg a te net
overland e x h ib its an excess over a y ea r ago o f 109,588 bales,
1900-1901.
1901-1902.
m M ight an d ,S p i n n e r s ’
Nines
Nines
T a k tn g s .
W eek. S e p t. 1. W u k . S e p t. 1.
Receipts a t ports to May 2 3 ....... 20,269 7,257,368 53,882 7,041,629
8,359 1,113,843 7,102 1,003,755
Vet overland to May 28...... .........
Southern consumption to May 23. 37,000 1,360,000 33,000 1,197,000
85,628 9,730,711 93,934 9,242,284
T otal m a rk e te d .................
64,469 * 19,320 371,000
in terior stocks in e x c e ss...___ _ *19,135
74,614
Came in to sight dnrlng week. 46,493
9,796,180
9,613,284
T otal In sight May 28...— ...
Vorth’n spinners tak'ga to May 23 20,438 1,976,504 20,242 1,778,144
M ovem ent in to sig h t in previous years.
W eek—

1900-M ay
1899-M ay
1898-M ay
1897-M ay

25...................
26...................
27...............
2 8 ............ .

B a les.

54,745
69,840
52,723
29,642

S in ce S ep t. 1—
B a les.
1899-00—May 25.......... 8,619,863
1898-99-May 26.......10,659,141
1897-98—May 27.......... 10,615,906
1896-97—May 28......... 8,181,371

Ma t —

Range__ 8‘90®’00 — a) — 8-92®-95 — -a — 9*I5®*21 — ® 9'2 L
Closing... Nominal. 8-92@-94 8-94®-96 9*20 *28 9* ®
10
9* ® —
14
J uly—
Range__ 9 00@-20 8-95®-09 8-98-a-lO 9*
14^*37 9* ® *38 9*
23
24®*34
Closing... 902'®‘03 9-Oo'S>06 9-09'a>'i0 9* -a-35 9*
34
23®*24 9* ® * 9
28 2
AUGUST—
Range__ 8‘ 52'®*63 8-48®‘59 s-si-auea 8*
67^*81 8*
67®*33 8*
65®*77
Closing,. 8"52@5a 8'55'3>5(i 8-61®-63 8* < 80 8* ®*6* 8*
‘
79 ®
67
68®*70
O c to b er —
Range... 7-75@-82 7‘ 72®’82 7’ 75'®-84 7*85*90 7*
80®-90 7*
77®*82
Closing... 7-76®-78 7-79® '8o J*83®-84 7* @8fc 7* ®-8 l 7* ®*S0
88 *
78
80
T o ne—
Spots...... Dull.
Quiet. Steady. F irm . Steady. Quiet.
Options... B r’ly st’y Quiet.
Quiet. Steady. Steady. Steady.
W eather R eports b y T eleg r a ph —T elegrap hic advices
to n s th is even in g from th e South in dicate th a t th e w eather
has in general b een fav o ra b le d uring th e w eek. R ain has
fallen in m ost d istricts and on the w h o le the p recip itation
has been m oderate. A t som e p o in ts in M ississippi and th e
S ou th w est dry w eather has prevailed.
Galveston , Texas.—There has been b u t a trace of rain d u r ­
in g th e w eek. T he therm om eter has ranged from 74 to 82,
averagin g 78,
Abilene, Texas.—W e have had rain on four days of th e past
w eek, the ra in fa ll being tw o in ch es and eig h ty -eig h t hun­
dredths, A verage therm om eter 74, h ig h est 88, lo w est 60.
Brenham , Texas ,—W e h ave had rain on one day of th e
past w eek, to the ex ten t of tw e lv e hundredths of an inch.
The therm om eter has averaged 83, the h ig h est being 99 and
th e lo w est 66.
Corpus Christi, Texas.—There has been no rain th e past
w eek. The therm om eter has averaged 81, ran gin g from 76:
to 86.
Dallas, T exa s—W e h ave had h ea v y rain on one day d ur­
in g the w eek, th e ra in fall reach in g one in ch and fifty -tw o
hundredths. The therm om eter has ranged from 60 to 92,
averagin g 76.
Henrietta. Texas.—W e h ave had rain on three days o f th e
past w eek, the rainfall being eig h tv -fiv e hundredths o f an
inch. A verage therm om eter 75, h igh est 93, lo w est 57.
Huntsville , Texas.—W e h ave had h eavy rain on one day o f
the past w eek, to the ex ten t o f n inety-tw o hundredths o f an
inch. The therm om eter has averaged 77, the h ig h est b ein g
90 and the lo w est 63.
Kerrville, Texas.— There has been rain on four days d uring
th e w eek, th e p recip itation reach in g one inch and n in ety-five
hundredths. T h e therm om eter has averaged S2, ran gin g
from 69 to 92.
Lampasas, Texas.—It has rained on three days o f the
w eek, th e p recip itation reach in g one in ch and eig h ty -eig h t
hundredths. The therm om eter has ranged from 60 to 92,
averagin g 76.
Longview, Texas.—W e h a v e had show ers on tw o d ays of
th e past w eek, the ra in fall b ein g fifty -eig h t hundredths of an
inch. A verage therm om eter 79, h ig h est 94, lo w est 68.
Luling, Texas.— There have been sh ow ers on three days of
th e w eek, the precipitation b ein g eig h ty -six hundredths of
an in ch . T he therm om eter has averaged 80, th e h ig h est
b ein g 91 and the lo w est 68.
Palestine, Texas.— There h as been rain on one day of the
w eek. The precipitation reached fo rty -tw o hundredths of an
inch, The therm om eter has averaged 74, ran gin g from 60
to 88.
Paris, Texas.— There has been rain on tw o days of th e past
w eek, and th e rainfall has been on e in ch and tw enty-five
hundredths. T he therm om eter has ranged from 60 to 91,
averagin g 76.
Cuero, Texas.— There has been no rain the past w eek.
A verage therm om eter 82, h ig h est 95, lo w est 68.
San Antonio, Texas .— W e h ave had rain on three days dur­
in g the w eek, the precipitation being six ty hundredths oi'.an

THE

May 24. 1902.

inch. The thermometer has averaged 76, the highest being
■94 and the lowest 58.
W e a th e rfo rd , T e x a s.— W e have had heavy rain on one day
during the week, the rainfall reaching one inch and fifty nine
hundredths. The thermometer has averaged 74, ranging
from 58 to 91.
S h re v e p o rt, L o u is ia n a . — We have had rain on tw o days of
the week, the precipitation being one inch and nineteen hun­
dredths. The thermometer has ranged from 01 to 92, averag­
in g 76.
N ew O rlean s, L o u is ia n a —We have had rain on four days
of the week, the rainfall aggregating fifty six hundredths of
an inch. Average thermometer 80.
C o lu m bu s, M is s is s ip p i. —We have had ho rain during the
week. The thermometer has averaged 79, the highest being
88 and the lowest 70.
V icksbu rg, M is s is s ip p i. —There has been rain on one day of
the week, the rainfall reaching one inch and seventy hun­
dredths.
The thermometer has ranged from 04 to 98,
averaging 80.
M e r id ia n , M is s is s ip p i. —It has rained on one day of the week,
and the temperature has ranged from 66 to 90. Crop con­
ditions continue excellent.
L itt le R ock, A r k a n s a s .— Crops of all kinds are fine. It has
rained on one day of the week, the rainfall reaching tw entyfive hundredths of an inch. The thermometer has averaged
78, the highest being 92 and the lowest 63.
H elen a, A r k a n s a s . —W e have had heavy local rain on two
days during the week, to the extent of one inch and twentyfour hundredths. Crops are in good condition. The ther­
mometer has averaged 78, ranging from 65 to 92.
M em ph is, T ennessee.— Crop reports are good and cultiva­
tion is being actively prosecuted. We have had ligh t rain on
tw o days during the week, the precipitation reaching four­
teen hundredths of an inch. The rainfall was heavier in the
immediate neighborhood. The thermometer has ranged^from
84 to 93, averaging 78’2.
M obile, A la b a m a .— The weather is warm and crop condi­
tion quite satisfactory. Rain has fallen on four nights of the
week, to the extent of tw o inches and eighteen hundredths.
The thermometer has averaged 75, the highest being 95 and
the lowest 68.
M o n tg o m e ry, A la b a m a . —The weather has been splendid
and crops generally are doing very well. The week’s rainfall
has been one inch and twenty-one hundredths, on three days.
The thermometer has averaged 81 and ranged from 67 to 95.
S elm a , A la b a m a .— The crop outlook is good. W e have had
rain on tw o days during the week, the rainfall reaching fiftyfive hundredths of an inch. The thermometer has ranged
from 62 to 94, averaging 78.
M a d iso n , F lo r id a .— W e have had rain on three days of
the past week, the rainfall being eighty-five hundredths of
a n inch. Average thermometer 82, highest 100, lowest 66.
A u g u s ta , G e o rg ia . —Chopping is nearly done. Prospects are
favorable. W e have had rain on four days of the past week,
to the extent of tw enty hundredths of an inch. The ther­
mometer has averaged 76, the highest being 95 and the low ­
est 60.
S a v a n n a h , G e o rg ia . —There has been rain on three days
during the week, to the extent of seventy-nine hundredths
of an inch. The thermometer has averaged 78, ranging
from 66 to 94.
S ta te b u rg , S o u th C a ro lin a . —Conditions continue favorable.
Stands are generally good and growth vigorous, requiring
steady work. W e have had light rain on four days of the
past week, the rainfall being thirty-four hundredths of an
inch. Average thermometer 738, highest 93, lowest 57.
G reen w ood, S o u th C a r o lin a . —W e have had rain on two
days during the week, the rainfall reaching thirty-tw o h un­
dredths of an inch. The thermometer has averaged 73,
ranging from 64 to 82.
C h a rlo tte , N o r th C a r o lin a . —The weather has been all that
could be desired, and farmers report fine stands. The week’s
rainfall has been fifty-eight hundredths of an inch, and the
thermometer has ranged from 52 to 90, averaging 71.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o’clock May 22, 1902, and May 23, 1901.
M a y 2 2 , ’02. M a y 23, ’01.

New Orleans— ..........Above zero of gauge.
Memphis.............
N ashville............ .........Above zero of gauge.
Shreveport..........
Vicksburg...........

F eet.

F eet.

7-5
9-3
4-8
70
172

131
123
15 3
141
32-7

Qua C otton A c rea g e R e p o r t .— Our cotton acreage
report w ill probably be ready about the 6th of June.
Parties desiring the circular in quantities, w ith their business
card printed thereon, should send in their orders as soon as
possible, to ensure early delivery.
I n d ia C o tton M o v e m e n t p b o m a l l P o r t s .— The receipts
of cotton at Bom bay and th e shipm ents from all India ports
for the wook ending May 22, and for th e season from Sept, 1
to May 22 for three years have been as follow s:
1901-02.
k ec tip U a t Week.

Bombay..........

k in e e
k e p t. 1.

1900 01.
W eek.

H inee
k e p t. 1.

1899 1900.
W eek.

29,000 1.952.000 54,000 1,618,000 11,000

1099

C H R O N IC L E .

k in e e
k e p t. 1.

849,000

k in e e S e p tem b e r 1.

F at th e W eek.
M u porti
tr a m —

Bombay—
1901-02..
1900 0 1 ..
1899 0 0 ..
Calcutta—
1901-02..
1900-01..
1899-00..
Madras—
1901-02 .
1900-01..
1899-00..
ill others—
1 9 0 1 0 2 ..
1900-01..
1899 0 0 ..
Total all—
1901 0 2 ..
1900-01..
1899-00..

G reat
B r i t a in .

C o n ti­
n e n t.

T o ta l.

2,000
1,000

25,000
3,000
7,000

27,000
4,000
7,000

7,000
64,000
3,000

406,000
463,000
72,000

413,000
827,000
75,000

1,000
2,000
4,000

1,000
2,000
4,000

3,000
3,000
1,000

24,000
27,000
19,000

27.000
30,000
20,000

1,000

1,000

1,000
7,000
2,000

5,000
12,000
7,000

6,000
19,000
8,000

1,000
2,000
2,000

1,000
2,000
2,000

1,000
8,000
1,000

54,000
72,000
40,000

55,000
80,000
41,000

27,000
7,000
14,000

29,000
8,000
14,000

12,000
82,000
7,000

489,000
574,000
138,000

501,000
656,000
145,000

and

S h ip m e n t s

op

2,000
1,000

A l e x a n d r ia R e c e i p t s
A le x a n d r ia . E g y p t,
M a y 21.

G rea t
B r i t a in .

C o n ti­
n e n t.

T o ta l.

Co tto n . —

1901-02.

1899-1900.

4,000
6,468,000

aeoelpts (oantars*). . .
This w eek.................
Since Sept. 1 ............

1900-01.
45,000
5,224,000

4,000
6,413,000

T h ie
w eek .

exports (bales)—
To L iverpool..—. . . .
To Continent t . . . . . .

k in e e
k e p t. 1.

4.000 303.000
8.000 451.000

TM t
w eek .

k in e e
S e p t. 1.

5.000 290.000
8.000 261.000

T h ie
w e ek .

S in c e
S e p t. 1.

2,000 877.000
4,000 873.000

Total E u rop e....... 12,000 754,000 13,000 551,000 6,000 750,000
* A oa n ta rls 93 pounds,
t Of which to A m erica In 1901-02,96,016 bales; in 1900-01, 41,326
bales; in 1899-00, 67,359 b a les.
M a n c h e s t e r M a r k e t . — Our report received by cable

to-night from M anchester states th a t the m arket is quiet
for both yarns and shirtings, on account of the holidays.
W e give the prices for to-day below and leave those for
previous weeks of this and last year for comparison.
1902

1901.

BH lbs. S h ir t­ O ott’n
32s Cop. in g s , com m on M id .
T w ist.
to fin e s t.
XTplds

d.

d. s. d.

A p .1 8 7*a ®83i8
•• 25 71110® 83s
M ay 2 7*8 ©81s
“ 9 7 \ ® 8ia
“ 18 7i lie® 8*10

5
5
5
5
5
“ 23 7Hi8®8*i6 5

5
8
7
6
5
5

0. dL
®8 0

®8

«8

08
©8

2
m
1
1

82* C op. in g s, com m on M id.
T w ist.

d.
d.
<L
5332 7% ®8*s
7 U 16®8%
514 7 1* ®8*s
7^10 0838
« S 7H 0880
SJ-e 7i« n>8h

®8 lis 5H

81* lbs. S h ir t­ O ott’n
to fin e st.

s.
5
5
5
5
5
5

d.
3
3
2
1
1
1

s. d.
0 7 11
0 7 11
® 7 1 0 ig
07 9
07 9
07 9

TTplds

d.

4*8
*» 2
a s,

41133
41133

G o v e rn m en t W e e k l y C otton R e p o r t . —Mr. James Berry,

Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the following telegraphic
reports on the crop in the Southern States for the week
ending May 19.
N o r t h Ca rolina ..—Refreshing rains this week, but more required
in oentral-east portion; considerable damage to crops by hail in sev­
eral counties on 13th; cool nights checked growth somewhat; late
cotton not up to good stands, some replanting necessary.

S o u t h Ca r o l in a .—R a in fa ll u n e v e n ly d istrib u te d ; d e s tru c tiv e h a il
in th r e e cou n ties; o u t w o rm s iD jured s ta n d s of co tto n ; fields g e n e ra lly
w ell c u ltiv a te d ; c o tto n h a s good sta n d s. Sea Is la n d in good c o n d itio n .
G e o r g ia .—Copious show ers o c c u rre d o v e r la rg e r p o rtio n of S ta te ;
m o istu re now re q u ire d in b u t fe w counties; c ro p s g e n e ra lly in e x ce l­
le n t co n d itio n ; c o tto n ch o p p in g b eg u n in n o rth , w ell a d v a n c e d in
m iddle sectio n a n d p ra c tic a lly c o m p le te d in so u th , p la n ts th iif ty ,
sta n d s good, la te p la n tin g s com ing u p well.
F l o r id a .—Sh o w ers to h e a v y r a in s q u ite g e n e ra l o v e r w e s te rn a n d
p o rtio n s of n o rth e rn d istric ts; less sa tis fa c to ry elsew here; a lth o u g h
m u ch re lief fro m w id e r d is trib u te d sh o w e rs; good p ro g re s s w ith
w o rk in g co tto n ; som e c o tto n fru itin g .
A labam a .—D ro u g h t b ro k e n b y g e n e ra lly copious ra in s, th o u g h m o re
n eed ed in n o rth ; e a rly c o tto n cle an , h e a lth y , a n d w ell c u ltiv a te d ; la te
c o tto n oom ing u p nicely.
M is s is s ip p i .—W a rm w eek; lig h t sh o w ers in n o rth , good ra in s e lse ­
w here; a ll orops m u ch im proved; e a rly o o tto n d o in g w ell, o h o p p in g
in full p ro g re ss, la te -p la n te d g e n era lly oom ing u p to good sta n d s.
L o u is ia n a . —W ea th e r g e n e ra lly fa v o ra b le fo r c u ltiv a tio n a n d g ro w th ;
e a rly c o tto n good sta n d * a n d g e n e ra lly in good s t a te of c u ltiv a tio n ,
b u t In a few lo ca lities fields a re fo u l fro m too m uoh ra in ; la te -p la n te d
o o tto n oom ing u p to good sta n d s, e x c e p t o v e r a le w n o r th e r n p a ris h e s ,
w h ere ra in Is need ed to g e rm in ate .
T e x a s .—W a rm a n d fa v o ra b le fo r ra p id p la n t g ro w th , w ith h e a v y
ra in fa ll o v e r c e n tra l a n d n o rth e rn sectio n s a n d m o d e ra te ra in fa ll
elsew here; o o tto n m ak in g ra p id a d v an c e m e n t, a n d o v e r so u th p o rtio n
is fo rm in g sq u a res; fields g e n e ra lly c le a n a n d m uoh of c ro p ohopped
to s ta n d s ; boll w e ev il b e g in n in g to in fe s t o o tto n in so u th c e n tra l
p o rtio n .
A r k a n sa s .—H ig h e r te m p e ra tu re s a n d g e n e ra lly good ra in s , w ell
d istrib u te d ; c o tto n good s ta n d , g e n era lly clean , h e a lth y a n d v igorous.
T e n n e s s e e .—Local show ers, h e a v y in se c tio n s, b u t m o stly lig h t a n d
beneflolal; In fa v o re d se c tio n s orops a re m a k in g good g row th; good
s ta n d s of e a rly o o tto n b e in g c u ltiv a te d .
O k la h o m a a nd I n d ia n T e r r it o r ie s .—Co n d itio n s fa v o ra b le fo r
fa rm w ork; orops w e ll c u ltiv a te d ; o o tto n b ein g ohopped, w ith fine
sta n d s.

These report3 are
follows:

summarized by the Department as

The ootton crop la In promising condition generally throughout the
cotton belt Good stands of early cotton and satisfactory g e rm i­
nation of the late planted are Indicated, except in portions of the
Oarolinas and Louisiana, with clean fields and healthy growth In
praotloally all sections. In Southern Texas the crop has made rapid
advancement and squares are forming.
N e w Y ork C otton E x c h a n g e N om in ation s .—T he follow ­
ing selections to be voted for at the annual election on June 2

have been announced by Mr. Henry Hentz, Chairman of the
Nominating Committee: President, J. Temple Gwathmey;

IHK CHRONICLE

1100

Vice-President, Hubert P. McDougall; Treasurer, George
Hrennecbe. Board of Managers; George W. Baily, E. A.
Factairi, E. M. Weld, H. Hagedorn, J. F, McFadden, David
H. Miller, M. J. Parrott, James F. Maury, W illiam Ray,
Albert L. Rountree, Richard A. Bpriuga, Frederick Van
Riper, Frank B. Guest and Henry H. Wheeler. Trustees of
Gratuity Fund, to serve three years, A. G. Munn Jr., J. F.
Black and H. H. Royoe.
S h i p p in g n k w s . - A s show n on a p r e v io u s p a g e , th e
• x p o rta of cotton from the U nited S ta te s the past week have
re a c h e d 19,2(11 Dales. The sh ip m en ts in d eta il, as m ade up
fro m m all and celegraphlo retu rn s, are as follow s:

[VOL. L X X IV ,

The prices of futures at Liverpool for eaoh day are g iv e n
below, Prioes are on the basis of U plands, Good Ordinary
clause, unless otherw ise sta ted .
13r The p r ic e * a r e g iv e n i n p e n c e a n d 64 th e . T hu* . 4 63 m ea n *

4 63 044.. a n d 5 01 m e a n * 5 1-644.

S a t.

ITlOii.

T u e i,

W ed.

T h n ri.

F rl

M a y 17.

M ay 10

M ay 20

M a y 21.

M a y 22.

M ay 2

1 2 k 4 12 k 4 12i* 4
P.M. P.M. P.M. P.M. P.M. P.M.

May-----....
T otal bale*. May-June...
Juue-July...
N iw Yuan To Liverpool, per steam ers Cevlo, 323__ Saxouta, 3CO........................................................................................
623 July-A ug...
Aug.-Bept...
To Havre, per steamers Albano, 7 2 7 .... La Bretagne (addi­
8ept.-Oot...
tional), 200— La Champagne, 435 upland and 152 Sea
Island__ La Lorraine, 200...................................................... 1,714 OoV.Nov__
To Bremen, per steamer Bremen, 3,044.............................. 3,044 Nov.-Deo. .
To Hamburg per steam er Waldersee, 958.................................
958 Deo.-Jan__
Jan.-Feb__
To Antwerp, per steamers 8t. Nicholas, 6 0 0 ....Vaderland,
4 0 0 ..........................................................
1,000 Feb.-Moh.
To Wasa, per steamer Oscar II., 400.......................................
400 Moh.-April..

1 4.
4 55
'4 55
4 55
4 64
4 49
4 34
4 27
4 25
4 24
4 23

_

C
o.
fiP
V
d

W
£

ft

S

4.
4 63
4 53
4 53
4 52
4 47
1 33
4 25
4 28
4 22
4 22

4.
4.
4 68 4 59
4 57 4 58
4 57 4 6 8
4 60 4 67
4 SO 4 51
4 35 4 30
4 27 4 28
4 25 4 26
4 24 4 25
4 23 4 24

4
4
4
4

4.

63
02
61
60
4 55
4 39

i;o
4 28
4 27

4 20

4.
62
01
60
59
53
4 38
4 29
4 27
4 26
4 25
4
4
4
4
4

a

•
•
a

to
9

a
■

To Genoa, per steamers A ttivlta (additional), 100.......
Trave. 765.................................................................................
865
J ute B utts , B agging , &c .—There has been practically no
To Naples, per steamer Trave, 426 .......................................
426 bnainess in jute bagging during the week under review and
Niiw Orleans- T o Liverpool—May 17—
Steamers Antillian,
prices are unchanged at 5%c. for 1% lb?, and 5%c. for 2 lbs.,
4,500; Barrister, 4,351....M ay 19-Steam er Explorer,
2,223............................................................
11,074 standard grades. Car lots of standard brands are quoted at
To Hull—May 19—
Steamer Mohawk, 4,300........................... 4,300 6f£@6e. f. o. b., according to quality. Jute butts dull and
To Brem en-M ay 20—Steamer York, 4,165............. . ............ 4,165 nominal at
for paper quality and
for
To H am burg-M ay 20—
Steamer Hoerde, 2,750.................... 2,750
To R otterdam -M ay 20—Steamers Dimraven, 100...............
100 bagging quality.
GALVESTON— Bremen—
To
May 16—
Steamer Orefeld, 6,420...... 5,420
Savannah— Liverpool—May 16—
To
Steamer Sardlnero, 7 62...
762
To M anchester-M ay 16—
Steamer Sardlnero, 1,308 upland
BREADSTUFFS.
and 100 Sea Island.......................
1,408
F b id a y , May 23, 1902,
To Bremen May 17—
Steamer Nyassa, 6,797......................... 6,797
Boston—
To Liverpool-M ay 15—
Steamer Ottoman, 86.......
A slightly easier market has been experienced the past
May 20—Steamer Commonwealth, 95..................................
181
Baltimore—To Brem en-M av 21—
Str. Brandenburg, 2,774
2,774 week for spring-wheat flour, but winter-wheat flours have
San F rancisco— o Jap an —
T
May 17—
Steamer Peru, 300..........
300 held steady, and low grades, which have been in sm all sup­

ply, have been firm. The volume of business transacted has
reached only very moderate proportions. There have been
The particulars of the fo re g o in g sh ipm en ts, a rra n g e d in no developments of a character to stim ulate buyers, and they
our usual form , are as fo llo w s.
have continued to operate on a hand-to-mouth basis. Rye
a r e a l F r e n c h O er- . - O t h .B ’ro p e -^ M e x i c o ,
B r i t ’n . p o r t s . m a n y , / f o r t h . S o u th .
A c. J a p a n . Total. flour has been quiet but steady at unchanged prices, Corn
N ew Y o r k . 6 2 3 1 ,7 1 4 4 ,0 0 2 1 ,4 0 0 1 ,2 9 1 ........................................
9 ,0 3 0 meal has been quiet and without changes.
N. O r le a n s 1 5 ,3 7 4 .......... 6 ,9 1 5 1 0 0 ............................................. 2 2 ,3 8 9
Speculation in wheat for future delivery has been on a very
G a lv e s to n .
.......... 5 ,4 2 0
............................................
5 ,4 2 0 moderate scale only, The fluctuations in prices have aecordS a v a n n a h . 2 ,1 7 0 .......... 6 ,7 9 7
............................................
8 ,9 6 7
N’p ’t N e w s
..........
200
............................................
2 0 0 ly been within a narrow range, and the tendency has been
B o s t o n ___
1 8 1 .......................................................................................
1 8 1 towards a slightly lower basis. The principal factor has been
B a lt im o r e ................................ 2 ,7 7 4
............................................
2 .7 7 4 the crop news. Early in the week there were complaints
S a n F r a n ................................................................................................
300
300
from the Northwest of excessive moisture, retarding the
T otal.™ 1 8 ,3 4 8 1 ,7 1 4 2 6 ,1 0 8 1 ,5 0 0 1 ,2 9 1 ..........
3 0 0 4 9 ,2 6 1 planting of the spring-wheat crop. Subsequently, however,
Exports to Japan since Sept. 1 have been 147,335 bales from weather conditions became generally favorable in both the
spring and winter-wheat belts, which prompted some
the Pacific Coast and 800 bales from N e w Y o rk .
and under which prices weakened
Cotton freights at New York the oast week have bee : speculative selling favorable crop news were bullish statis­
slightly. Against the
tical developments, the visible supply statement showing
S a tu r .
T u e t. W edne*. T h u rs.
M on .
F ri.
a large decrease. The crop movement in the Northwest was
reported as light, and this, coupled with the fact that ex­
10
10
10
Liverpool....... . . . c . 9@10
10
10
13J*
Manchester.........c.
13i*
13i*
13i*
131s
13i* porters came into the spot market as fairly free buyers, had
a steadying it fluence, and held the downward tendency to
18
18
18
H avre................... e.
18
18
18
prices in check. To-day there was an easier market under
16
16
16
16
16
Bremen................e.
16
favorable crop news and a falling off in the export demand.
15
15
15
15
15
15
Hamburg............ e.
Total..........................................- ................................................ 49,261

19
19
19
19
19
G hent................... e.
19
13
A ntw erp.............. e.
13
13
13
13
13
25
25
25
Beval, via HulL.e.
25
25
25
30
B eval, via Oanal.c.
30
SO
30
SO
30
27
Barcelona, J’ne 2.e.
27
27
27
27
27
Genoa................... c. 1 0 -12k 10-121* 10-121* 10-121* 10-121* 10-121*
26
Trieste..................c.
S6
26
26
26
26
Japan (via 8uez).e.
55
55
55
55
85
55
Quotations are cents per 100 lbs.

B A IL Y 0 L O 8 IN G P R IC E S O P N O .

M a y 2,

M a y 9.

M a y 16.

M a y 23

55.000
SaleB of the w eek..........hales.
47.000
36.000
21,000
3,900
2,600
Ol w hlohexporters to o k ...
2,500
6,600
300
Of whloh speculators took.
1,000
200
400
Sales American___ . . . . . . . . . .
44.000
42.000
20,000
34.000
4,000
3,000
7,000
8,000
Actual export...........................
67.000
47.000
73.000
Forwarded.............................
53.000
Total stook—E stim ated ..._ 1,062,000 1,032,000 1,013,000 1,000,000
_
Of whloh American—E st’d. 933.000 909,000 894.000 887,000
37.000
Total Import of the w e e k .....
44.000
43.000
52.000
Of which American..........
30.000
30.000
33.000
29.000
95.000 100.000
90.000
Amount afloat............... .......... 106.000
76.000
85.000
Of which American..............
85.000
82.000

R E D W IN T E R W H E A T IN

S a t’d a y .

M onday

1
.|

1
*

:

M ld .C p T d S .

;

Market,

12:30 P. M

Bales...........
Spec. A exp.
fu tu r e * .

Market ^
opened, j
Market,
4

P . M,

)
j

B
©
£
p.
»
•e

•

|
•
■
5

!

T u e s d a y . W ed’d a y . T h u r sd ’y

Quiet.

Moderate M oderate
demand. demand.

1

5*3*

5 !sa

B

6,000
50C

8.000
2,000

©

5*8
7.000
1,000

P*

9

<
<
c
a
■
•

Steady ai Steady a l
partially 1 64 tq, 8.64
1-64 dec. advance.
Easy at Steady at
pits.
1*4- 2% ptf.
docllne. advance.

Firm at
8-64 4-64
ad ranee.
Quiet at
1(4>3 p ta

advance.

F r id a y
»
•

H
o
t2
e*
■
i
•
a
a

Wed.

T k u r t.

F ri.

92%

92%

£0%

80%

92
80
80
78%
79%

91k
79%
79 k
77%
79%

8C5s

8i%

80%

78%
79k
80
80%
S P R IN G W H E A T IN

78k
80

2

M on.

74%
74%
73k
743a

Tue*.
74%
74%
73%
75

C H IC A G O .

Wed.

74%
74k
73k
74%

Sat.

74k
7 ik
73 k
74 k

T hur*.
73%
74
73
74%

F ri.
73k
73%
72k
73%

Indian corn futures have been quiet. The market for
this crop deliveries has been firmer, and for the near-by
months prices have made a fractional advance. The feature
has been the receipt of advices from interior points report­
ing small available stocks and light receipts ; this has stim u­
lated some buying by a scattered short interest to cover their
outstanding contracts. Despite the steadiness shown by the
near-by deliveries, new-crop months have been slightly easier.
Weather oonditions have been reported favorable for the
crop, and this has had a weakening influence. Business in
the spot markets at the seaboard has been quiet, there being
no export demand. To-day there was a slightiy easier market
under profit-taking sales. The spot market was quiet.

May delivery In elev.......
July delivery in elev.......
Sept, delivery In elev_
_
Dec. delivery In elev.......

2 MIXED CORN IN N E W

67 k
66%
65
52

DAILY CLOSING PRICES OP NO.
a
a
a
■

Tue*.

925s
806s

9 2 i*
8 0 i*
8 0 i*
78^8
7 9 1*
D A IL Y CLO SIN G PRICES O F N O.

The tone of th e Liverpool m arket for spots and futures
D A IL Y CLO SIN G P R IC E S O P N O .
eaoh day of the w eek ending May 23 and the daily closing
S al.
prloesof spot ootton, have been as follo w s.
Cash corn f. o. b............. 69%
S p o t.

NEW Y O RK .

M on.

Cash wheat f. o . b............
May delivery In elev.......
July delivery In elev.......
Sept.delivery In e le v ....
Deo. delivery in elev.......

May delivery In elev.......
July delivery in ele v ......
S ep t delivery in e le v ....
L iverpool.—By cable from Liverpool w e have the follow ­ Deo. delivery In elev.......

ing statem ent of the week’s cables, stocks, &c., at that port.

2

Sat.

May delivery In elev.......
July delivery In e le v .....
Sept, delivery In elev _
_
Deo. delivery In elev.......

Sat.

60 k
61%
59%
46k

M on .

69k
68k
66k
64%
5 lk

2

Tue*.

70
69k
67
65%
51k

T h u rs.

Fri.

70 k
70
67 k
65%
51%

70 k
70
67 k
65%
51%

70
70%
67
65
51 k

M IXED CORN IN

Mon.

60%
61k
59k
46k

Tue*.

61
62
60%
40k

YORK.

Wed.

C H IfA O O .

Wed.

Thur*.

F ri.

61%
62 k
60 k
46 k

6 ik
•2
00%
46 k

61k
61 %
59 %
46

Oats for future delivery at the Western market have been
moderately active and firmer. Reports have been current
that the large outstanding short interest in May contracts is
quietly settlin g at about present prices. The weather has
been reported favorable for the growing crop, bu: as shorts
have been buyers of the new-crop deliveries to cover oou-

THE CHRONICLE

May 24, 1902.J

tracts, prices have im proved slig h tly . The local spot m arket generally cl6t.n. Staple lin es in cheviots, clays, serges, etc.,
has been m oderately active and firmer for m ixed oats. To­ are, as a rule, w ell sold and steady In price. Fancies are quiet
w ith m edium grade woolen goods w ell sold. The dem and for
day the m arket w as steady.
overcoatings and cloakings has been indifferent. W oolen
DAILY CLOSING PRICES OP OATS IN N E W Y O R K .
and w orsted dress goods are q u iet but steady for staples;
W ed. T K u r t.
F rl
T u e i.
M on .
S a l.
46
46
464
4 6 4 fancies irregular. F lan n els and blankets are w ith ou t new
46
NO. S
45ki
51
51
61
61
51
Mo. 2
516 j
feature.
OE NO. 2 MIXED OATS IN C H IC A G O .n
D o m e s t ic C o t t o n G o o d s . — T h e e x p o r t s o f cotton goods
W ed.
TK u r t. F r i . from th is p ort fo r th e w eek en d in g May 19 w ere 2,32o
T u es.
M on .
S a l.
42
42
434
43 4
4211
May delivery In elev_
_ 43
3 7 4 packages, v a lu ed a t $158,774, th e ir d e stin a tio n being to the
3678
874
374
368a
Ju ly delivery In elev_
_ 36k>
3 0 4 points sp eoifled in t h e ta b le s b e lo w :
30®a
304
304
304
Sept, delivery In elev_
_ 3O 9
B
Deo. delivery In elev_
_

31

8078

3 1 :1
8

31

314

314

F ollow in g are th e closing quotations:
ELODB.
P aten t, w in te r— $3 90 ©4 15
Fine..
....... $ .... © __
City mills, p aten t. 4 10 ©4 65
© ....
S u p erfine,. . . . . . .
Bye flour,superfine 3 00 ©3 65
E x tra, No. 2 ,. . . . . 3 10 ®3 15
_
Buckw heat flour............. « _
E x tra, No, J,
3 10 ©3 35

Corn m eal—
S 30 ©3 65
C lears..
W estern, eto ___ 8 30 ®3 35
8 to n ig h ts.....a . . . . 3 70 ©4, 00
B randyw ine . . . .
3 40
P aten t, s p__ o___ _ 95 ©4 75
rin g ,... 3
(W heatflouS in eaoka sells a t p rices below those fo r barrels.)
GBAIN.
Com, per bush.—
o.
c.
o.
o.
W heat, per b ush,—
W estern m ixed............ 68 ® 7 0 4
H ard M a n .,N j.l.. f. o. b.86
No. 2 m ix e d ....f. o. b .6 8 4 ® 7 0 4
N’th ern Dul., N o.l f. o. b.82
No. 2 yellow .........f. o. b .6 9 4 ® 7 l
Red w inter, No. 2 f. o. b.9 1 4
No. 2 w hite........... f. o. b .6 8 \® 7 0 i«
f.o. b.834
H ard N. Y. No. 2.
Bye, per bush—
Oats—Mix'd, p. bush. 46 ©48
W estern _ _________ 595a® 65 ^
_
W h ite ..................... 49 ©55
S tate and J e rse y ........ 61 ©62
No. 2 m ixed........... 4 6 4 ©471*
B arley—W estern............68 ©79
No. 2 w h ite ........ 504® 52
F eeding........... .......... .Nominal,
G o v e r n m e n t W e e k l y G r a in R e p o r t .— Mr, Jam es Berry,

C hief of the C lim ate and Crop D ivision of the U . S. W eather
Bureau, m ade public on Tuesday th e telegrap h ic reports on
the grain crops in th e various States for th e w eek ending
May 19 as follow s:
W ea th er .—The drought conditions prevailing a t the olose of th e
previous week In the South A tlantic and E ast Gulf States h av e been
largely relieved, except In Southern F lorida, b u t the continued dry
w eather In the Ohio V alley and Middle A tlantic States, w ith low
tem peratures during the first half of th e week over th e n o rth ern
portion of the Middle A tlantic States and In New England, have
proved unfavorable, while the D akotas, M innesota an d portions of
Iow a have suffered from excessive m oisture. F rosts, m ore or less
destructive, w ere quite general in the Lake region, upper Ohio Valley
and in the n o rth ern portions of the Middle A tlantic S tates and New
England. The tem perature conditions In the Lower Ohio, M ississippi
and Missouri valleys and throughout th e E astern Rocky M ountain
slope were highly favorable, b u t on the N orth Pacific Coast and in the
Middle P late au districts the week was m uch too cool.
Corn .—Corn planting has m ade favorable progress in th e C entral
valleys, exoeDt in Iow a, w here It has been delayed by rains, and Is
n earing com pletion in Southern N ebraska and Illinois. The earlyplanted is growing vigorously in Oklahoma, K ansas, Missouri and
N ebraska, and is in fine condition in Texas, w here a considerable
portion of the crop is made. C at worm s are causing considerable
dam age in N orthern Missouri and in the U pper Ohio V alley,and while
good stands are reported in the Middle A tlantic S tates, low tem p era­
tu re s have been unfavorable.
Win ter Whea t .—
Winter w heat has experienced no m aterial Im­
provem ent In the States of the Ohio Valley, deterioration being
reported In some districts and a slight advance in others. In Missouri
th e crop continues in exceptionally prom ising condition, although
some lodging is reported, and fu rth er im provem ent in N ebraska and
A rkansas and more favorable conditions in N orthern K ansas are
indicated. The crop has m ade vigorous grow th in Oklahom a, and
harvesting, with light yields, is In progress in Texas. On th e Pacific
Coast w inter w heat has m ade favorable advancem ent and is ripening
in San Joaquin Valley.
Sp r in g W heat . - U nder exceptionally favorable tem p eratu re con­
ditions, germ ination of spring w heat has been rapid, and over the
southern portion of the spring-w heat region th e early-sown is m aking
vigorous grow th; bu t continued w etw eath er stilld e lay sseed in g o n lo w
land In the Red R iver Valley.
Oats .—The oats crop is much in need of rain In the Ohio Valley, and
th e reports from the Gulf S tates are generally unfavorable. In th e
Middle A tlantic S tates and th e M issouri Valley the general outlook Is
satisfactory.
W F # r o th e r ta b le s u s u a lly g iv e n h e r e s e e s a g e 1 0 7 0 .

N ew Y o r k

to

DRY GOODS TRADE.
N e w Y o r k , F r id a y , P. M ,, M ay 23,1902.

General conditions in the dry goods m arket have not un­
dergone any m aterial change during the w eek, the actions of
both buyers and sellers being regulated by their respective
positions, b eiog unaffected by outside influences. There is ap­
parently no necessity for th e form er to depart from their
conservative position nor on the part of th e latter to force
m atters. D ay to day business is therefore of a featureless
character. There i3 continued scarcity of m erchandise in a
num ber of departm ents, and in such instances prices are
firm ly m aintained.
In a few cases th ere are more or
less goods on hand, and in these price irregu larities are n o­
ticeable. T t e lattor are seen chiefly in balances of season­
able fan cies w h ich sellers are cleaning up.
L ast w eek ’s
decline in print cloth s has n ot stim u lated b uying nor has it
had any effect upon th e prices of allied fabrics. The im ­
pression prevails that an expansion of buying w ill be seen
n ext m onth, and m ore favorable crop reports encourage this
view . T he local job b in g trade is quiet, but som e out-oftow n d istributing centers report an im proving tendency in
business.
W oolen G oods .—T he A m erican W oolen Company is evi
dently increasing its production as its d eliveries have been
m ore liberal th is w eek than of late. T his has had some effect
upon the dem and from clothiers, w ho have recently been in
the m arket for su b stitu tes to m ake good th e com pany’s short­
com ings. Tin re seem s to be an im pression that the strike is
nearing an end and th at the m arket m ay soon be m uch m ore
liberally supplied with goods than it is a t present. This keeps
b u yers con seivative. The present condition of th e m arket is

1901.

W eek. S i n c e J a n .

1. W eek. S in c e J a n . 1.

G roat B r ita in ........................ .
87
O ther E n ro p e a n ................. .
4
C h in a............................. ......... .........
I n d ia ................ .... ..........
97
50
A rabia.................................. .
A lrlo a.................................
5
522
Went I n d ie s .......................... .
69
M exico---------------------- 178
C en tral A m erica...................
854
S outh A m e ric a ....................
459
O th er C o u n trie s ....... .............

1,068
592
58,016
8,336
8,235
4,269
9,942
1,030
3,138
18,7 72
5,450

168
69
70
65
3,454
260
374
20
53
958
75

1,948
819
17,083
1,144
16,803
3,736
9,229
803
4,065
25,844
2,502

2,325

113,854

5,566

83,976

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

The v a lu e o f th e N e w Y ork e x p o r ts since Jan. 1 to date
has been $5,226,203 in 1902, a g a in st $3,975,198 in 1901.
There has been an increase in the num ber of inquiries from
buyers for th e China m arket, but little in the w ay of actual
business. From the hom e trade th e dem and for heavy brown
cottons has been dull. A ll lead in g brands continue steady in
price, but sm all sales of outside m akes have been m ade at
sligh t concessions. B usiness in bleached m uslins has ruled
generally quiet but cam bric m u slin s are in good request.
Prices are steady. W ide sheetings and cotton flannels quiet
and unchanged. Cotton blankets are very firm. There has
been no change in ducks or in brow n osnaburgs. Denimp,
plaids and fine-grade tic k in g s are in lim ited supply and firm
in price. N ew lines of fa ll prints have n ot sold freely and
some sellers decline to book orders excep t “ at v a lu e .” T he
demand for staple prints has been on a m oderate scale and
w ith ou t change in price. L ig h t fan cy prints are slo w and
irregular. G ingham s are firm. F in e cotton w ash fabrics are
in good request for the spring of 1903. T he print-cloth m a r­
ket has ruled dull at 3J^c. for regulars. W ide goods are in
favor of buyers.
F o r e ig n D r y G o o d s , —The dem and for silks and ribbons
has been quiet b u t firm. Supplies are lim ited . There has
been no change in the m arket for dress goods. L inens and
burlaps are quiet at previous p r ic e s.
I m p o r t a t io n s a n d W a r e h o u s e W i t h d r a w a l s ot D r y G o o d s .

The im portations and w arehouse w ith d raw als of dry goods
a t th is port for the w eek en d in g M ay 22,1902, and sin ce
January 1, 1902, an d for th e corresponding periods o f la st
year are as follow s:
g
£
a
s
HH
• to i?s§g
to
9 S fe t £ p
2 s*
0
* jp
-•
*-o £
pM . ef ©
©- p
13
e; S
° l
1
©i
a g Si
©J
9 5 21
05
a2
B
3
>
02
■! I £
0889»

II

< S.
0
03

m i*

© £0tO<JtO
C WD
O
£> © C
*

00 CM

THE

1902.

May 19.

f t <1 oJ QO *

05 03

tfsu 00M
fh -q

CM ©

pp

o»co
o to

co M

O i-J
© to
CO©

© W
CO©
CD 1*
l* to

i*
to
CM
CD
to
CM

K )M
CM©
CO©
1*1*
M 1*
—
CM ©

CO CM w o o *
© 00© * © "cm
CM © 1* ©
c n O D tO a o O

*M
©
CM
CO

1*
© p
M ©
©
©W

CO
©

CO©
— CM

©
CD
CO
to
M 1

o>o
M ©
to c o
©W
M
COCO

©
00 tO M CO H*
tO tO CO © M
to c o * q © C M

00 to

w oo
GO©

CO*© go CM 03
00 -4 00 CO 00

to co

M

w©

to
«q

03 CO

VooVnq

0 05 0 OCR
CO * WCM©

• q ^ © © CD
CM <35 O ' © co

cocoto © I*
*

*

05 <1

©OOtO©>*
M
I*C* O) 05 05 © tO
M
y iw x ©
CO
®
<JQ < | t o c o O DO
0

050

H O )

© c m n j © cm
0 0 CD 4 ^ CO CO

—D < J M W M
tfC C ifkO O )
O
O i^O
co© CD CO © t o CD
CO to
t o -4

M tO W O O ©

i^ p p p p

M O W M ^I©
C
C tO
CD ©
© to
to to

wco
q
CD©
cm

— CO

no to

© V

< l < ! CO *

n
o
<1

W © 03 ©CO

’o»to»-co©
W-ioVioo
CO (^ ©
rfA
.

M

© I
CD

to M M to M
© t * © CM CM
oom cm m ©

© to
•“n ©
©GO

CM CM

CM 00

©
to

p i*
V ©
MQC
00 *

©
to
00
to
to
CD

tO M

co
*^0
M CO

M
to

M M M COM

ooV i iLMVn*M
O ' to I © * Q D © 1 *
op I
w p
Cji -4 j M x k m © to
©w CD O QD 00 -q
0-1 I CJI CO CO ©

w
© p

c*o

©

M
CM
1*
©

© © M tO CO
OO t O © © CM
00 00 © C *
M
( - • - 1 0 5 ( 0 05
t o t o CO © ©

M

CM © C O M rf*

1* GO tO CMCO
C ©GO©CO
IO

I M M M
cmTo 1
©
CO © ©
©© I p © p
CM CM j
* M
h

00© i

CM
©
©
to
CM

M

O
© H ©M - C ©
I

MCM
*0 to

©
©

C
M
W p CM
w © to
©CM <1
1 •— ©
*

q n CM CJI 03
p © p topop©

Cm
M

-1
p.
M
CD
M

M M

^ CO
CO CO
© p

0000*00

CD©
O 1 ©>uqoM
©to

i*
©
CO
H4

H* M M tO

4

0 0 i * CO tO CM
®q © cm
l* M © 0 *

© to

to © cm m

CC 1* CO '1 K>
< l© tv © © ^ 9
—
©
CM CO CO © 00
CO CM COM

©©©

ft

ts
s

©2

tO
ift

M
© 1* CO CMM
© CO CM tO CD
t o '© c o 00©
© • * © t o *q
M © -4 co t o
MM
!* © © !* * *
b l * r 'c o b o
©
0 © 0 © IO
W © to © M
< ti-© © * q
1 |* C M q iM
*

w w t o CM©

■ <4C M©
q 1 M0
to — © 0 I*.
tO CM I* M

ft
S'

< 3
e
to *

p 0c*
0m

Q O tO t O M M

si

C * * >* 00
M
00CO 0300
C©
C Mto O I*
M

©55

M W t o I* M

00 —UO M C
M

'•tO O M O
O M CD
O^
10 CM t o
0 © —M
0 JC ©
C O C M jO p 03
03 t o 00 CM<1
CO © M CO © (Sfit
O J* * © p

© MO<T
co
03 tO t O © ©
tO»* -1 W1
*

THE

11 02

S t/I T L

/*T4B

C H R O N IC L E .

p E fA liT W E N T s
Index.

An index to all the no we m atter appearing In this Depart­
m ent for the period from Jan. 4, 1903, to A pril 5, 1902, incineive, was published, in the CHRONICLE of A pril 19, 1902,
pages 791, 795, 796 and 797,

Cincinnati, Ohio. -B o n d L itig a tio n .—Suit was instituted
in the Common Pleas Court, Slay 14, by the Corporation
Counsel, to test the validity of the Act of the State Assembly
(passed April 39) authorizing the issuance of $500,000 bonds
to repair the Cincinnati Hospital Building.
Galveston, Texas ,—R e d u c tio n in I n te r e s t .—At a confer­
ence held early this week between a committee of Galves­
ton’s bondholders and Messrs. I. H. Kempner and B. Adoue,
representing the city of Galveston, a compromise of the city’s
indebtedness was effected, Under the agreement the bonds
of the city of Galveston w ill carry %%% interest in lieu of 6#
for a period of five years, dating from Dec. 1, 1901, at the end
of which time the interest rate will revert to the original
figure.
superior, W Is.—B o n d s V a lid .—Samuel J. King has re­
ceived a favorable decision in the United States Court of
Appeals in his suit brought to enforce payment on $2,000
bonds of the city of Superior, the effect of which involves a
large amount of special-improvement bonds. In concluding
its decision, the Court eaid :
We are of the opinion that as against a bona fide holder before m aturity and
for value the bond in question must be held to be a valid legal liability of the
municipality. We are gratified th a t no inequitable result can flow from this
holding. These bonds were required to be, and presumably were, sold at par,
and the city received the full tace value tor them , and presumably expended
the amount received in the improvement contemplated. That amount, Iu
large measure at least, has been returned to It by the assessment upon the
property benetlted. It would be unjust th at the city should be Improved at
the expense ot strangers who have advanced their money upon the faith of
declarations by the city, authorized by law. We are not greatly grieved th at
our duty constrains us to require of th e defendant in error th at It comply with
the dictates of common honesty.

Numerous suits have been In the courts affecting the valid­
ity of these special-improvement bonds, and we would refer
our readers to items in the Chronicle March 15 and Jan. 11,
1902, and Nov. 23 and Oct. 12,1901, the last-mentioned refer­
ence containing a letter from the City Attorney on the sub­
ject.

Bond Proposals and Negotiations tWi
week have been aa follows :
Abington, Mass.—Bids.—The following bids were re­

ceived May 15 for the $43,000 3>£# high-school bonds :

Gee. A, Fernald A Co., Boston..l02'ST6 | Blodget. M erritt & Co., Boston.101*411
Lorlng, Tolman A Tupper, Boat. 101*988 N. W. H arris & Co., Boston...... 101*275
E. H. Rollins & Sons, Boston,, ,101*87 I Farson, Leach & Co., B oston...101*163
Jose, Parker & Co., Boston....... 101*697 I Estabrook & Co.. Boston...........101*15
K. L. Day & Co., Boston..............101*589 B. C. Stanwood & Co., Boston...101*00
Adams A Co., Boston...... ......... 101*61 I

As stated last week, Geo. A. Fernald & Co. were the suc­
cessful bidders.
'
Adams, Mass.—B o n d M e etin g . —This town on May 17
voted to issue $30,000 4# water bonds to mature $5,000 yearly,
beginning in 1915.
Algonac, Mich.—Bonds V o ted .—By a vote of 43 to 4 this
village recently authorized the issuance of $4,400 waterextension bonds.
Allegan, Mich.—B o n d s V o te d .— This village on May 12,
by a vote of 224 to 26, authorized $6,000 water-works-im­
provement bonds,
Alton a, Clinton County, N. Y.—B o n d O fferin g,— Proposals
w ill be received at anytim e by John B. Trombly, Superin­
tendent, for $2,500 4% bridge bonds of this town. Denomina­
tion, $500. Interest, annual, Maturity, $500 yearly on Feb.
1 from 19C4 to 1908, inclusive.
Appanoose Connty, Iowa.—B o n d s N o t S o ld ,— W e are ad­
vised that no sale was made on May 15 of the $20,000 4 %
funding bonds offered on that day.
A sheville, N. C.—B o n d Bede.—This city has awarded the
$200,000 4% 20-year water and the $10,000 4% 30-year school
bonds offered but not sold on March II to the N ew First
National Bank of Columbus at par.
Bay City, Mich.—B o n d S a le .—On May 19 the $10,000 4% 30year refunding bonds described in the Chronicle May 17
were awarded to Denison, Prior & Co., Cleveland, at 108*401
—a basis of about 3*543$. Following are the bids :
Denison. Prior A Co., Cleve...... 108*401
§. A. Kean, Chi cago — ----- - 108*30
W. J. Hayes A Sons, Cleve..... .107*68
Bay City Bank.................. ......... 107*80

N. W. Harris & Co., Chicago.... .107*18
Bay Co. Sav.Bank, Bay C ity.,.. 105*41
l,ampi-echt Bros. Co.. Cleve.... 102*56
S’. L. Fuller A Co., Cleveland.. ,100*75

Bellevue, A llegheny County, P a .—B o n d O ffering.— P roposals w ill be received until 8 p . m ., May 31, by J. M. Simeral, Borough Secretary, for $50,000 4% bonds, issued part
for the purpose of taking up the floating debt of the borough
(most of wnich was incurred for street purposes), and the
balance for street improvements. Denomination, $1,000.
Date, June 2, 1902. Interest semi*annually at the Bellevue
National Bank. Maturity as follows : $2,000 yearly on June
2 from 1904 to 1931, inclusive, except in the years 1904, 1906,
1907, 1908, 1909, 1911, 1912,1914 and 1917, when $1,000 will
mature, and in the years 1927, 1929 and 1930, when $3,000 will
mature.
Belview , Redwood County, Minn.—B o n d S a le .— On May
17 the $8,500 5# bonds describedlin the Chronicle May 10 were
awarded to C. A. Boalt &Co,, Winona, at 101'428.

[V ol. LXXIV.

Benton Harbor, Mich,—Price P a id f o r a n d D esc rip tio n
o f B unds. — W e are advised that the price paid by the Farmers’
& Mechanics’ Bank of Banton Harbor for the $25,000 water
and street bonds was par. Denomination of bonds, $500,
Date, April 29,1902. Interest annually on Oct, 1. Maturity,
Oct. 1, 1921.
Berlin, N. 11— B o n d O fferin g .—Proposals will be received
until 2 P. M., June 2, by L. H, Yeiileux, City Treasurer,
for $60,000 ‘ %% funding floating-debt bonds. Denomination
6
of bonds to suit purchaser. Date, June 1, 1902. Interest
semi-annualiy at the National Shawmut Bank, Boston.
Blank bonds to be furnished by purchaser.
llig g sv ille, 111. —B o n d S a le. —This village has sold an
issue of $2,200 5# 1-11-year (serial) water works bonds dated
July 1, 1902, to the First National Bank of Barnesville at
101*863.
Bow ling Green, Ohio .— B o n d s A u th o r iz e d .—The City
Council has authorized the issuance of $41,500 4# Main Street
and $25,500 4# Wooster Street improvement bonds.
B ristol, B. I .—B o n d S a le .—On May 8 an issue of $25,000
refunding bonds were awarded to W. J. Hayes & Sons,
Cleveland, at 108*50. Following are the bids :
W. J. IIaye« A Boas, Clev«....103*60 Bltke Bros. & Co.. B oston......102*81
N. W Harris A Co., New York. .103*487 I H. Gay A Co., Boston............101*52
.
H.
Estabrook A Co.. Boston........ 103*807 I Jose, Parker A Co.. Boston...... 101*60
R L. Day A Co.. Boston. ...... 103*17 I
.
Bonds mature Sept. 1, 1930.
B ristol, Ya.—B o n d S a le ,—On May 20 the $6,OCO 5# 1-6year (serial) fire hall and jail bonds described In the Chron­
icle April 26 were awarded to the Dominion National Bank
of Bristol at 100*25.
Brockton, Mass.—L o a n s A u th o r iz e d b y A ld e rm e n .—The
Aldermen have passed resolutions providing for $230,000
loans, $200,000 of which is for the construction and furnish­
ing of a new high-school building and $30,000 for other pur­
poses.
Brookhaven, Mias.— B o n d O fferin g .—Proposals w ill be
received until 7:30 p . m., June 3, by W. H. Seavey, City
Clerk, for $40,000 5-2(J-year (optional) refunding bonds. De­
nomination, $500. Interest, not exceeding 0%. payable semi­
annually at the Fourth National Bank of New York City.
Certified check for $500 required.
Brown County, Texas.—Bond S a le .—We are advised that
the entire $30,000 jail bonds recently registered by the State
Comptroller have been purchased by that official for the
State School Fund at par. Denominations, $500 and $1,000.
Date, April 10, 1902. Interest, 4%. Maturity, 20 years, sub­
ject to call $15,000 at any time and $15,000 after five years.
Brunswick, Me.—Bond O fferin g.— J. W. Fisher, Village
Treasurer, requests proposals until 12 M., June 18, for $30,000 4# sewer bonds. Denomination, $1,000. Date, July 1, 1902.
Interest semi-annually in Boston. Maturity, $1,000 yearly
on July 1 from 1915 to 1944, inclusive.
Buffalo, N. Y. —B o n d S a le .—On May 22 the $150,000
1-20-year (serial) consolidated school bonds were awarded to
Joseph E. Gavin of Buffalo at 101*785—a basis of about
3*297#—and the $100,000 3>£# 1-20 year (serial) refunding
water bonds were taken by the Buffalo Police Pension Fund
at 102-66—a basis of about 3 20#. Following are the bids :
*160,000 B d s . 8100,000 B d s .
Buffalo Police Pension Fund................
loa-ce
103*485
Joseph E. Gavin, Buffalo................. ..................... .. 101*785
; 101*785
101*76
Erie County Savings Bank, Buffalo................... . .. 101*76
, T - - r101*73
W J. Hayes A Sons, Cleveland... ..................................... .
101*87
.. 101*37
Denison. Prior &Co., Cleveland..... .............. .......... *101*37
101*53
..
N. W Harris A Co.. Chicago.................................... 101*35
.
..
loi-ae
Blodget, Merritt &Co.. Boston................................. 101*28
101*09
R. L. Day &Co., New York ................................... ... 101*09
For description of bonds see Chronicle May 17, p. 1050.
B u rriliv ille, R. I —B o n d s A u th o r iz e d .—A t a town meet­
ing held recently the Treasurer was authorized to issue $40,000 bonds to take up the floating debt,
Caldwell, N. J .—Bond S a le ,—On May 19 the $20,000
4# 30-year water bonds described in the Chronicle May 10
were awarded to the Montclair Savings Bank of Montclair
at 104*50—a basis of about 8*75#. Following are the bids:
Montclair Savings Bank..........101*50 t W J. Hayes A Sons, Cleveland. 100*088
.
Jno. D. Everitt A CO..N. Y...... 101*25 1
Cambridge, Ohio .* o n d O ffe r in g — Proposals w ill be re­
—B
ceived until 12 m , June 9, by T. R, Deselm, City Clerk, for
$7,000 4# refunding bonds. Authority, Section 2701 and
amendments, Revised Statutes of Ohio. Denomination,
$1,000. Date, June 1, 1902. Interest semi-annually at the
office of City Treasurer. Maturity, June 1, 1912.
Cape May, N. J.—B o n d lS a le ,—On May 21 the $75,000 4#
20-year bonds described in the Chronicle May 10 were
awarded to Lewis T, Stevens, Attorney.
B o n d E le c tio n .—The City Council, it is stated, has called
an election for May 27 to vote on the issuance of $100,000
beach-improvement bonds.
Carlstadt, N. i . —B o n d S a le .—On May 15 the $10,000 4%-6
20 year refunding bonds were awarded to W, R. Todd & Co,,
New York, at 104'50. Following are the bids considered :
W R. Todd &Co., New York. ..104*50 IFarson, Leach ACo., New York.l0i*76
Jno. D. Everitt A Co., N. Y. .102*60 |
Bids received from Lawrence Barnum & Co,, New York,
and Jose, Parker & Co., Boston, were rejected As irregular,
C arterville (Mo.) School D istrict .—B o tid s D e fe a te d .—
The question of issuing $21,000 school-house bonds was de­
feated at the election held May 18.
Cincinnati, Ohio .— B on d S a le .—The highest bid received
May 22 for the $8,000,000 3%# 80-50-year (optional) refund­
ing bonds described in the Chronicle April 5 was that, of
Harvey Fisk & Sons of New York and the First National
Bank of Cincinnati at 108*81. This bid is on a basis of about
3*80# if bonds are redeemed at their optional date and 8*848*

May 24, 1902.]

THE

C H R O N IC L E .

ir allowed to run their full time. The above parties secured
the award.
. „
Clearfield (P a ) School D istr ic t.- B o n d S a le .—On May 17
one-half of the $10,000 3%<jl 10 30-year (optional) bonds were
awarded to the Clearfield National Bank and the remaining
one-half to the Clearfield Trust Co., both institutions having
bid 100-50 for the issue.
Cleveland, Ohio .— Bond O ffering .—Proposals w ill be re­
ceived until 12 m ., June 28, 1902, by J. P. Madigan, City
Auditor, for $938,000 4% sewer district bonds maturing April
1, 1913. Securities are coupon bonds in denomination of
$1,000, Dated, April 1, 1902. Interest (semi-annually) and
principal payable at the American Exchange National
Bank, New York. A certified check on a national bank for
5$ of the amount of bonds bid for and payable to the “ Treas­
urer of the City of Cleveland” must accompany propo­
sals. Blank forms obtained from the City Auditor must be
used by all bidders.
Cleveland (Ohio) School D istrict .— B o n d O f f e r i n g - Pro­
posals w ill be received until 12 M., June 2, by J. P. Madi­
gan, Auditor Board of Education, for $350,000 4% coupon
building bonds, maturing April 1,1922. Denomination, $1,000.
Date, April 1,1902. Interest (semi-annually) and principal
both payable at the American Exchange National Bank,
New York, A certified check on a national bank for 5% of
the amount of bonds bid for and payable to the “Treasurer
of the Board of Education” must accompany proposals.
Bidders must use blank forms obtained from the Auditor.
Clinton, La.— Bond O ffering — Proposals w ill be received
until 5 P. M., June 12, by C. W. Ball, Mayor, for $6,000 5%
20-year school-house bonds. Denomination, $500. Date,
May I, 1902. Interest w ill be payable semi-annually at the
office of the Treasurer. A certified check for $100 required.
These bonds were originally advertised for sale May 15.
Clyde (N. Y.) School D istrict .—B o n d s D e fe a te d .—'This dis­
trict recently voted against the issuance of bonds.
Cohoes, N. Y.—B on d O ffering .—Miller Hay, City Chamberlain, will sell at public auction at 12 M June 7 $20,000 3%%
.
fire-department bonds. Date, May 28, 1902. Interest semi­
annually on January 1 and July 1 at the Central Trust Co.,
New York City. Principal w ill mature $5,000 yearly on
January 1 from 1921 to 1924, inclusive.
B o n d s P ro p o se d .—The Public Improvement Commission
has passed resolutions asking the Common Council to issue
$79,575 79 bonds.
Columbia County (W ash.) School D istrict No. 2 —B o n d
S a le — On May 19 the $50,000 4}#6 bonds described in the
C h r o n icle April 5 were awarded to the Columbia National
Bank of Dayton, Wash., at 100*20.
Colorado Springs, Colo.—B id s .—Following are the bids
received May 12 for the $129,000 4$ 10-15-year (optional) gold
water bonds:

1108

Farmington, Mo.—B o n d O ffering. —Proposals will be re­
ceived until 12 M,, May 25 (this date falls on Sunday, but it is
so given in the advertisement,) by John B. Highley, Chair­
man Finance Committee, for $25,000 4% 5 20-year water-works
bonds. Denomination, $1,000.
Flathead County, Mont,—Bonds V a lid .—The State Su­
preme Court has declared valid the $55,000 4% court-house
and jail bonds which have been in litigation for some time.
These bonds, It will be remembered, were awarded on April
8, 1901, to the Conrad National Bank of Kalispell at 100 936,
but the consummation of the sale was prevented by litiga­
tion. Now that the case has been determined, we are ad­
v is e d that the bank above mentioned will take the fronds.
See C h r o n i c l e April 18 and Dec. 28, 1901.
Florence, S. C.— B on d S a le .—The highest bid received
May 20 for the $10,000 5£ 20-40-year (optional) bonds descri bed
in the C h r o n i c l e April 26 was that of Feder, Holzman &
Co., Cincinnati, at 108*03. The bids follow :
Feder. Holiman A Co., Cincin.. 108-03 I H. II. Rollins A Sons, Boston. ..103 65
Martin & Bush, Augusta...........103-86 Commercial Sav. B’k, Florence. 102 00
Seasongood & Mayer, Cincin....103-787 I R. Kleybolte A Co.,Cincinnati..101-50

Fort W illiam , Ont.— D eben tu re O fferin g .— Proposals will
be received until May 28 by Jas. McLaren, Town Treasurer,
for $17,000 consolidated debt debentures. Maturity, part
yearly for twenty years.
Galveston County, Texas .— D e sc rip tio n o f B o n d s .—The
County Commissioners have decided upon the details of the
$1,500,000 sea-wall and breakwater bonds voted at tbe elec­
tion held March 20, as follows : Denomination, 5,000 bonds of
$100 each, 1,000 of $500 each and 500 of $1,000 each. Date,
June 10, 1902. Interest 4£, payable April 10 and Oct. 10 in
New York City or at the office of the State Treasurer. Ma­
turity, 40 years, subject to call after 20 years.
Gary, Norman County, Minn.—B o n d O fferin g,— Proposals
w ill be received until 2 p. m ,, June 3, by the Village Coun­
cil, care of O. T. Rishoff, Recorder, for $2,000
15-year re­
funding bonds. Bonds were authorized at election held
April 30, 1902, Denomination, $100. Interest semi-annual.
Gloucester, Mass.—B o n d S a le. —On May 15 the $60,000
3%% 1-30-year (serial) water- ex tension bonds were awarded
to N. W. Harris & Co., New York, at 102-785—a basis of
about 3'27$. Following are the bids :
N. W. Harris & Co., New York. .102-785
R. L. Day A Co.. B o sto n .......... 102-680
Geo. A. Fernald & Co., Boston.102-526
Adams A Co., Boston................. 102-43
Jose, Parker A Co., Boston....... 102-39

Lee, Higginson A Co., Boston..102*36
Blodget, Merritt A Co., Boston.. 102'34
Merrill. Oldham A Co., Boston..102-175
BlakeBros. A Co.. Boston........ 102"16
Estabrook A Co., Boston..........102-047

For description of bonds see C h r o n icle May 10, p. 1000,

Great Barrington Fire District, Mass.—B o n d s A u th o r ­
ize d b y L e g isla tu re .—T h e State Legislature has authorized
the issuance of not exceeding $200,000 additional water-sup­
ply bonds,

Groveport (Ohio) Special School District.—B o n d

O ffer­

Denison. Prior A Co., Cleve*|180,303 28 I Seasoneood A Mayer. Cin...$129,451 50 in g .— P ro p o sa ls w ill be received until 12 M., June 10, by C, D,
R. Kleybolte A Co.. Cincin... 120,820 G I E. H. Rollins & Sons.Denv.. 129.000 00 Rarey, Clerk, for $2,000 5% 1-10-year (serial) bonds. Denom­
O
W. J. Hayes A Sons, Clere. 1129,650 00 I Jose, Parker & Co., Boston..4131,18'.) 10
-----I S. A. Kean, Chicago............ 1130,315 80 ination, $200. Date, June 10, 1902. Interest, semi-annual.
* And one-half expense of printing blank bonds. t And blank bonds, t Bids Bidders are required to satisfy themselves as to the legality
adjudged irregular and rejected.

As stated last week, Denison, Prior’< Co., Cleveland, were
&
the successful bidders.
Comal County, Texas.—B o n d S a le. —The School Board on
May 16 purchased §6,000 bonds of this county.
Comanche, Texas.—B o n d s A p p r o v e d a n d R e g iste re d .—
The Attorney-General has approved and the State Comp­
troller registered an issue of $10,000 water-works bonds of
this city.
Coshocton, Ohio.— Bond O ffering. —Proposals w ill be re­
ceived until 12 m ., Jane 24, by E. M. Wimmer, City Clerk,
for $2,000 4\4,% sewer bonds. Authority, Sections 2267, 2204
and 2205, Revised Statutes of Ohio. Date, June 1, 1902.
Interest, March 1 and Sept. 1 at office of City Treasurer.
Maturity, one bond of $330 yearly on Sept. 1 from 1903 to
1907, inclusive, and one bond of $350 on Sept. 1, 1908. Pur­
chaser must furnish blank bonds. Certified check for 5# of
the gross amount of bonds bid for, payable to the City Clerk,
is required.
Denver, Colo.—B on d S a le .— On May 17 $5,000
5-year
grading and curbing district bonds were awarded to E. L.
Wemple of Denver at par and interest.
Dover, N. J .—B o n d s V o ted . —This town has voted in favor
of $70,000 water bonds. We are advised that it w ill prob­
ably be some time before the bonds w ill be issued.
Dunmore, Pa.—B o n d O ffering.— Proposals w ill be received
until 8 p. m., May 28, by H. B. Gilligan, Borough Secretary,
for $35,000 4% coupon sewer bonds, “Series A .” Danomination, $500. Date, Sept. 1, 1899. Interest, March 1 and Sept.
1 at the First National Bank of Scranton. Maturity, $8,500
on Sept. 1, 1904, and also on Sept. 1, 1909; $9,000 on Sept. 1,
1914, and $9,000 on Sept. 1, 1919. Bonds free from all taxes.
Certified check for $500 required.
Enid, Okla.—Bond S a le.— On May 16 an issue of $40,000
4%,% 30-year public-improvement bondB was awarded to D.
K .' Dunne, Wichita, and J. B. Ferguson of Enid at par.
Bonds will bear date the day of sale.
Essex County, N. J.—B on ds A u th o r iz e d . —The Board of
Freeholders has authorized the issuance of $800,000 addi
tional court-house bonds.
Everett, Mass.—B on d s A u th o rize d . —The |Mayor has been
authorized to issue $15,000 sewer bonds,
Fair Haven, Vt.—Loan V o ted , —This village has voted to
borrow $15,000 for sewer purposes. We are advised that the
notes cannot be issued until the village authorities obtain the
signatures of a majority of the taxpayers.

of the bonds before bidding.
Hackettstown, N. J.—B o n d R e so lu tio n . —The Common
Council has under consideration a resolution providing for
the issuance of $14,000 bonds authorized by the recent Legis­
lature.
H all County, Tex.—B on d S a le. —The State has purchased
$50,000 3% court-house bonds of this county. These bonds
are subject to call after July 1, 1904.
Ham ilton, Ohio.—B o n d S a le ,—On May 6 the Board ofControl awarded an issue of $3,500 1-7-year (serial) street
and sanitary bonds dated Feb. 17, 1902, to the Second
National Bank of Hamilton at 102*028.
B on ds A u th o rize d . —The Board of Control on May 6 author­
ized the issuance of $140,800 4% street-assessment and $30,000
4% intersection bonds.
.-*4®*.
Hardin County, Tex.—B o n d S a le .— The State Permanent
School Fund has purchased $1,000 bridge-repair bonds of
this county.
Harrisburg, Pa.—B o n d O rd in a n c e.— An ordinance provid­
ing for the issuance of $1,090,000 bonds voted at the elec­
tion Feb. 18, 1902, will come up for final action in the Com­
mon Council on May 26. These bonds are to be issued for
the following purposes : $310,000 water, $365,000 sewer, $65,000 dam, $250,000 park and $100,000 paving bonds. The in­
terest rate must not, under the ordinance, exceed
pay­
able semi-annually on March 1 and Sept, 1 at the office of the
City Treasurer. Principal will mature $180,000 (Series “A”)
on Aug. 31, 1907, and one series of $36,400 each year there­
after.
Harrisburg (Pa.) School District.— B o n d s to be Issu e d .—
It is stated in local papers that this district will offer for sale
in October an issue of $100,000 3% bonds.
Havana, Cuba.—B on d S a le. —On May 17 Farson, Leach &
Co. of New York City were awarded $1,000,000 of the Ha­
vana City 5% municipal loan at 90 and given an option on the
authorized balance of $27,000,000 by the Havana City Coun­
cil. See C h r o n icle May 10, p. 1000, and April 26, p. 901.
Haverhill, Mass.— B on ds A u th o r iz e d . —The Aldermen
have authorized the issuance of $10,000 school building
bonds.
:££«.
Hillsboro, WIs.—B o n d s V o ted . —This town has voted„to
issae $19,000 4% railroad-aid bonds.
Hopkluton, Mass.—Honda to be O ffered S h o r tly .— W e are
advised that the $20,000 town-hall bonds mentioned in the
CnRONiOLE March 29 will be offered for sale about June 1.
Securities will be issued in denomination of $1,000, dated

1104

1HK CHRONICLE,

Oct. 1, 1901. Interest w ill be at the rate of 4#, and the prin­
cipal will mature in thirty years.
Hudson Couuty, N. J .—B o n d B ill S ig n e d . —The Governor
on May 6 signed what is known as Tennant’s Hudson County
Par k bill, which authorizes the issuance of bonds for park
parposes to the amount of VVi% of the assessed valuation of
all the taxable real and personal property in the county, pro­
vided the question be submitted to a vote of the people at
the November election. Provision is made for 4# 50 year
bonds.
Hughes County, S. Oak - B on d O fferin g.— Proposals will
be received until July 1 by the Board of County Commission­
ers for $00,000 4# 20 year refunding bonds. L. S. Westfall is
County Auditor.
Hyde Park, Ohio.—B o n d O fferin g . —Proposals w ill be re­
ceived until 13 M., June 17, by Frank D. Ebersole, Village
Clerk, for $1,500 07 5# 1-10-year (serial) Josephine Street
assessment bonds, dated May 38, 1903. Interest payable an­
nually at the Franklin Bank of Cincinnati. A certified
check for 2# of bonds, payable to E. F. Walter, Village
Treasurer, required. The amount of bonds to be issued may
be reduced if any assessments are paid in cash.
Idaho Falls, Bingham County, Idaho.—B o n d O fferin g.—
Proposals will be received at any time by D. G. Platt, City
Clerk, for the $13,500 electric-light-extension bonds author­
ized at the election held April 1, 1902.
Independence, WI s.—B o n d s V o ted .— This village has voted
to issue bonds for a city hall and for an electric light plant.
Iowa Falls, Iowa.— B o n d S a le .— This city, according to
local papers has arranged for the sale of $8,000 4# refunding
bonds. N. W. Harris & Co., Chicago, are the purchasers.
Jefferson County, Ind.—B o n d S a le .— On May 8 $18,000 4#
toll-road bonds were awarded to E. M. Campbell & Co.,
Indianapolis, at 102'91. Denomination, $450. Date, May 8,
1902. Interest semi-annually at office of County Treasurer.
Maturity, $450 each six months from May 8, 1903, to Nov. 8,
1923, inclusive.
Jefferson County, Tex.—B o n d s A u th o r iz e d . —The County
Commissioners have authorized the issuance of $1,800 court­
house-repair bonds.
Kearney, Neb.—B o n d O ffe r in g — Proposals w ill be re­
ceived until 6 p . m ., June 2, by H. A. Webbert, City Treas­
urer, for $30,000 4# 5 20-year (optional) refunding bonds.
Denomination, $500. Date, July 1, 1902. Interest, semi-an­
nual in Kearney. Certified check for $1,000 required.
Kent County, Md.—B o n d Safe.—The following are the bids
received May 13 for the $10,000 4t! 10-19-year (serial) refund­
ing jail and bridge bonds described in the C hro n icle May 10:
Seasonuood & Mayer. Clncin....l06‘88^ | Kent County Savings Bank...... lOO'lO
Smith Bros.. EJesville............... 102-6U Second Nat. B’k, Charlestown. .lOO’lO
William W alter Chapman.........102-07J |

[Vol. LXXIV,

April 30, 1002. Denomination, $1,000. Date. July 1, 1903.
Interest payable April 1 and October 1 in New York City.
Maturity, April 1, 1933, but $5,000 Bubjeot to call every five
years.
Methueu, Muss.—D e sc rip tio n o f B o n d s. —We are advised
that it has not yet been determined when the $35,000 sewer
bonds mentioned in the Ohuoniole March 29 will be issued.
The interest rate w ill be 3
payable semi-annually at the
office of the Town Treasurer. Prinolpal will mature $10,000
in five years and $35,000 in thirty years from date of issue.
M inneapolis, M inn.—B o n d S a le .— On May 19 the $70,000
30-year park bonds dated April 1, 1902, were awarded
to DeniBon, Prior & Co.. Cleveland, at 1C4 07 and interest—a
basis of about 8'286#. Following are the bids :
eenlsou. Prior A Co., Cleve. ,$72.H49 00 | Adams A Co.. Boston............ $72,114 00
Security Bank of Minnesota.*73,010 00 ICslahrook A Co., Boston....... 72,037 00
Vermilye A Co., Now York.. 72.140 00 I U. L. l)av A Co.. New York... 71,96230
Blodget, Merritt A Co.. Boat.. 72,110 00 I Soasongood A Mayer. Chi.... 71.771 20
-----| W. J. llayes A Sons, Cleve.... *71,167 00
* Bid fla t; uti other proposals to Include accrued Interest.
For description of bonds see C h r o n ic l e April 26, p. 903.

Mouroe City, Mo.—B o n d O fferin g .—This city on May 10,
by a vote of 220 to 47, authorized the issuance of $15,000 5#
electric-light-plant bonds. Proposals for these bonds w ill be
received until 7 P. m., June 6, by Geo. W. Tompkins, City
Clerk. Date, July 1, 1902. Interest semi-annually at State
National Bank of St. Louis, Maturity, July 1,1922, one-half
optional after July 1, 1912, and one-half July 1, 1917.
Montreal, Qae.—B o n d O fferin g, —Proposals will be re­
ceived until 3 p . m,, Jane 4, by the City Clerk, for $2,000,000
registered stock ($100 each share) or coupon bonds (from
$ L Oto $2,000 each), issued by this city for refunding pur­
O
poses. Interest payable May 1 and Nov. 1 at office of City
Treasurer or in London or in New York City as regards cou­
pon bonds and in Montreal and London as regards registered
stock. Payment is to be made as follows : 2# on application,
23# on allotment, 25# on July 1, 25# on Sept. 1 and 25# on
Nov. 1.
N avarre Union School District, Stark County, Ohio.—

Bond S a le. —The $10,000 5# 1-10 year (serial) building bonds

offered for sale on April 10 have been disposed of to the Co­
lumbus Savings & Trust Co. of Columbus at 105‘20 and ac­
crued interest. See description of bonds C h r o n ic le March
29, p. 093.
Nether Providence Township (P . 0 . W a llin g fo rd ) School
District, Pa.—B o n d S a le .— On May 10 the $14,000 4# bonds
described in the C h r o n ic le May 3 were awarded to J. H.
Roop, Executor for the J. Lewis Crozer estate, at 101 ’OS.
The bids follow :
J. H. Roop, Executor.................101-03 I Delaware Co. Trust, Safe Dep.
Lamprecht Bros. Co., Cleve...... 100’125 | A Title InB. Co. of Chester....lOO'OO
New G larns, Green County, W is.— L o a n N e g o tia te d .—

This village has negotiated a loan of $14,000 with the State.
Loan carries 3^ # interest and is for water purposes,
Norfolk, Ya. —B o n d s A u th o r iz e d . —The City Council, it is
stated, has authorized the issuance of $63,500 bonds to meet
outstanding notes and $16,C O bonds for street improvements
O
in Brambleton Ward.
Oaklawn (111.) School D istrict No. 116.—B o n d s V o ted .—
This district on May 3 voted unanimously4 issue $6,000
to
school house bonds.
Oneida County (P . 0. U tica), N. Y.—B o n d O ffering.— Pro­
Pettibone Park Commission__ $25,000 I T. B. Potter, \ $15,000streetbds.f 15,087 posals will be received until 2 p. m ,, June 5, by James H.
S. A. Kean, Chicago (less $125). 26,000 | Chicago... ( 10,000 waterbds. 10,023
Lancaster, T exas.—Bonds A u th o r iz e d . —The City Treas­ Flanagan, County Treasurer, for $350,000^3)^# court-house
urer writes us that $8,000 4# 20 40-year (optional) water bonds as fo llo w s:
bonds and also $12,000 school bonds have been authorized, $1CO,000 bonds to be delivered June 16, 1902. Maturity, $8,000 yearly on Feb. 1
from 1903 to 1912, inclusive; 810,000 on Feb. 1, 1913. and *10,000 on
bat that no date has been set for the sale of these bonds.
Feb. ). 1914. Certified check for b% of the par value of bonds bid for
required.
Lew is County (W ash.) School D istrict No. 9.—B o n d Sale.
be delivered, $100,000 Oct.
on Feb.
—On May 17 $2,000 5%# 12-year bonds were awarded to A. L, 250,000 bonds to on June 1, 190J, and $50,000 1,1902,150,000Maturity. 1,1903,
45o,000
Oct. 1, 1903.
810,000
yearly on Feb. 1 from 1916 to 1939, inclusive. A certified check for
Coffman & Co., Chehalis, at 102. A bid of 101'85 was also
'/> of the par value of the bonds bid for required.
%
made for the bonds by Thompson, Tenney & Crawford Co.,
All deliveries to be made at the United States Mortgage &
Chicago. Denomination of bonds, $500. Interest, semi-an­
Trust Co., New York City. Denomination of bonds, $1,000.
nual.
Malheur County (Ore.) School D istrict No. 3 .— B o n d Date, March 20, 1902. Interest, Feb. 1 and Aug. 1 at offLe
S a le. —Tnis district has sold an issue of $2,000 6# 20-year
bonds to Thompson, Tenney & Crawford Co., Chicago, at of County Treasurer. Bidders must use printed form of pro­
posal furnished by the County Treasurer. The entire issue
102 55.
Manistee, Mich.—B o n d O fferin g. —Proposals w ill be re­ will be certified to as to genuineness by the United States
ceived until 2 p. m , May 27, by Wm. H. Pfeiffer, City Clerk, Mortgage & Trust Co., N ew York City. Certified checks are
for $125,000 4# street-repair and paving bonds. Interest, semi­
annual. Maturity, $5,000 on May 1, 1910, and $10,000 yearly to be drawn on a national bank and payable to the aboveon May 1 from 1911 to 1922, inclusive. Certified check for named County Treasurer.
$2,500 required. Accrued interest to be paid by purchaser.
The official n o tic e o f th is b o n d offerin g w ill be fo u n d
Manitowoc, WIs.—B o n d s A u th o r iz e d . —The Common am ong the a d v e rtise m e n ts elsew here in th is D e p a rtm e n t.
Council on May 5 authorized the issuance of $25,000 improve­
Ontario County (P . 0. W h itb y ), Out.—D eb en tu re O ffering.
ment bonds.
Mansfield, Ohio.—B o n d S a le . —On May 14 the three issues —Proposals will be received until 1 p. m ,, June 6, by J. E.
of 5# 1-3-year (serial) sewer-assessment bonds, aggregating Farewell, County Clerk, for $20,000 4# House of Reiuge de­
bentures maturing part yearly for twenty years.
$3,100, were awarded to the Mansfield Savings Bank at par.
Orange, Texas.—B o n d s V o ted . —This oity on May 6 voted
M arshalltown (Iow a) Independent School D istrict.—
Bond S a le. —On May 20 $57,000 4# 5 10-year (optional) re­ to issue $15,000 4# 30-40-year (optional) gold street and bridge
funding bonds were awarded to the Marshalltown State Bank bonds. We are advised by J. W. Link, Mayor, that pro­
posals for $13,500 of these bonds'will be received at any time.
at 10P228 and blank bonds. Following are the bids :
Orisliany Falls, N. Y. —B o n d s V o te d .— This village on May
Marshalltown State Bank.. .*$57,700 00 I Trowbridge^ NiverCo.,Chi.*§57.169 00
S. A. Kean. Chicago............... 57.68t 00 | V . J. Haves A Sons. Cleve... 67,223 uO 12 authorized the issuance of $19,000 water works bonds by a
V
Merch’ts ’ L'u & Tr. Co., Chic. 57,007 60 Cbas. W. Jones & Co.. Cleve.. 5‘ ,147 50 majority of 29 votes.
Thompson, Tenney & CrawI Jas. Jefferies <s Co.. Cleve .. b7.125 60
Otsego (M idi.) School D istr ic t.—
Roads Voted. -T his dis­
fora Co.. Chicago................. 57,306 00 I C. It. Hanna, Council Blutts.. 67,132 00
G. M. Bechtel A Co.,Dav’p’rt.*d7,280 00 N. W. Harris A Co., Chicago. 57,080 00 trict recently voted in favor of issuing $13,500 bonds, the pro­
-----1 Denison, Prior & Co., Cleve.. 57,076 C
O
ceeds of the sale of which, together with $14,000 insurance,
* And blank bonds.
Denomination, $1,000. Date, July 21, 1902,
it is proposed to use in rebuilding the school house destroyed
M eridian, Miss.—B o n d O fferin g .—Proposals w ill be re­ by fire last February.
ceived until 7:30 P. m ., June 17, by J. C. Lloyd, City Clerk,
Owonton Graded Cummou School D istrict, Owen t'ouuty.
for the $40,000 4>£# school bonds voted at the election held Ky.—B o n d O fferin g.—Proposals will be received until 3 i\ m .

Keystone, W est Ya.— B o n d s A u th o r iz e d .— The issuance of
$25,000 light, water and paving bonds have been authorized.
W e are advised that these bonds w ill be sold on or about
June 15.
La Crosse, WIs.—B o n d S a le .—O n May 15 the $10,000
10-20-year (optional) water and sewer-extension bonds and
the $15,000
10-20-year (optional) street-improvement
bonds described in the C h r o n icle May 3 were awarded to
the Pettibone Park Commission at par. Following are the
b id s:

M a y 24, 1902.]

THE

CHKONICLE

May 31 (lime extended from May 15), by W. P. Swope, Sec­
retary, for $10,000 5# 15-80-year (optional) gold school-houfie
bonds. Denomination, $1,000. Date, July 1, 1902. Interest
semi-annually at Farmers’ National Bank of Owenton.
Palestine, T exas—Bond Stale.—This city recently sold
the $40,000 4% street-improvement bonds| described in the
C h r o n i c l e Dec. 21, 1801, to the Nelson Paving Co. of San
Antonio at par.
Paterson, N. J .—Bond S a le — On May 19 the $49,000 4%
15-year renewal bonds described last week were awarded to
Denison, Prior & Co., Boston, at 102'277—a basis of about
8'80#. Following are the bids :
D enison, P r i o r * C o ., B o s to n ... 102-277 I W. J . H ay e s * Hons, C leve........ 101T>1
L am p ro c h t Bros. C o.,01eve.......102*016 | HUH. H ollins & Bona. Bo»ton...lo0*03

Pattonsbnrg (Mo.) School D istrict.—Bonds Voted,.—This
district has voted to issue bonds for a new school house.
Pease Township, Belmont County, Ohio.—Bond Offering.
—Proposals will be received until 12 m., June 17, by W. G.
Morgan, Township Clerk (P. O. Martins Ferry), for $25,000
road-improvement bonds. Denomination, $500. Interest
payable March 1 and Sept. 1. Maturity, $2,0C0 each six
months from March 1, 1914, to Sept. 1, 1919, inclusive, and
$1,000 March 1, 1920.
Pierce, Neb.—Bond Offering .—Proposals will be received
until 2 p. M., June 2, by L. R. Hertert, City Clerk, for $9,800
4% 5-20-ycar (optional) water bonds, nineteen of which will
be in denomination of $500 and one of $300. Interest pay­
able May 1 annually in New York City. A certified check
for 5# of amount of bonds must accompany each proposal.
Pierre, S. Dak.—Bonds Voted .—'This place has voted to
issue$125,000 20-year refunding bonds. These bonds, we are
advised, will only be issued to the holders of the old securi­
ties to be refunded, and will carry 2% interest for the first
three years and 3% thereafter.
P latte Center, Neb.—Pond Offering .—Proposals will be
received until 8 p . m.. June 30, by John G-. Regan, Village
Clerk, for $2,300 5# 5-20-year (optional) water bonds dated
July 1, 1899, Certified check for 5% of bid required.
Pony School District No. 11, Madison County, M o n t.Bond Hale.- On May 1 $9,000 4%$ 5-10-year (optional) bonds
were awarded to the Morris State Bank of Pony at 101‘144
and blank bonds. Following are the bids :

NEW LOANS.
$ 3 5 0 ,0 0 0
New Court House Registered
Bonds of the

COUNTY OF ONEIDA,N. Y.
S e a l e d proposals will b e receiv ed by tb e u n d e r­
signed u n til 2 o ’c l o c k P . M . c n th e 5 i h clay ©I
J a n e 19(P£, a t th e office o f th e T r e a s u r e r o f th e
C o u n t y c»f O n e i d a , in th e C i t y o l U t i c a , N . Y .,
fo r th e p u rch a se of S i 0 0 , 0 0 0 3 % p e r c e n t
R e a i s i e r e c i N e w C o u r t H o u s e B o n d s of said
county, b e a iin g d a te M a r c h 2 0 i l i , 1 9 0 2 , of th e
d en o m in atio n s o f S i,O O O each, to m a tu re as
fo llo w s:
$ 8 , 0 0 0 an n u ally from F e b r u a r y 1 s t , 1 9 0 3 to
F e b r u a r y 1 s t , 1 9 1 2 , in c lu siv e ; $ 1 0 , 0 0 0
F e b r u a r y l « r , 1 9 1 3 , an d # | 0 , 0 0 0 F e b r u a r y
1 , 1 9 1 4 , w ith in te r e s t payable on th e 1 s t days of
F e b r u a r y an d A u g u s t in each year, principal
an d in te r e s t payable a t th e office o f th e County
T re a su re r o f th e C ounty o f O neida a t U tica, O neida
C ounty, N. Y.
E ach proposal m u st be accom panied by a c e r t i f i e d
check on a N a t i o n a l B a n k , payable to th e o rd er
o f th e u n d ersig n e d as T re a s u re r of tb e County of
O neida, to th e am o u n t of 5 p e r c e n t o f t h e f a c e
v a l u e o i t b e b o n d s b id f o r . B i d d e r s m u » t
u s e p r i n t e d f o r m o f p r o p o s a l f u r n i s h e d by
t h e u n d e r s i g n e d . A ccrued in te r e s t to be paid
by th e purchaser.
D elivery of $ 1 0 0 , 0 0 0 bonds will be m ade on
J u n e l O i h , 1 9 0 2 , a t J 1 o’clock A.M., a t tb e office
of th e U n i t e d S t a t e s M or t«ageI< & T r u s t ^ C o .,
59 C edar S treet, New Y ork City.
P roposals will also be received a t th e sam e place
an d h o u r fo r th e b alan c e o f th e issue, $ 2 5 0 , 0 0 0 ,
b e a rin g sam e date, m a tu rin g S I 0 , 0 0 0 a n n u a l l y
from F e b r u a r y 1 s t , 1 9 1 5 , to F e b r u a r y 1 s t .
1 9 3 9 , Inclusive, to be d elivered in th e o rd er of
th e ir m a tu rity as follows:
* 1 0 0 . 0 0 0 O ctob er 1 s t, 1 9 0 2 ; $ 5 0 , 0 0 0
F e b r u a r y 1st, 1 9 0 3 ; $ 5 0 ,0 0 0 J u n e 1 st,
1 9 0 3 , and * 5 0 , 0 0 0 O c to b e r 1 s t, 1 9 0 3 .
All deli /e n e s to he m ade a t th e office o f th e abovem e n tio n e d T r u s t C o m p a n y .
E ach proposal m u st b e accom panied, by a c e r t i f i e d
check on a N a t i o n a l B a n k payable to th e o rd er o f
th e u n dersigned as T re a s u re r o f th e C ounty of
O neida, to th e a m o u n t o f 2 p e r c e n t o f t h e f a c e
v a l u e o f t h e b o n d s b id f o r . B i d d e r s m u s t
u s e p r i n t e d f o r m o f p r o p o s a l f u r n i s h e d by
t b e u n d e r s i g n e d . A ccrued In te re s t to he paid by
p u rch aser.
A ll en velopes ro u st he endorsed “ P r o p o s a l f o r
N ew C ourt H o u se B o n d s.”
The entire issue will he engraved under th e super*
//-ion of and certified as to genuineness by the
U n i t e d Hi r i t e s M o r t g a g e As T r u s t C o m p a n y .
T he right is reserved to reject any and all bids.
J A M K8 H . F L A N A G A N ,
County Treasurer of Oneida County.
Dated IJtlca N . Y .. May J0.1000.

1105

Morris State Hank, P o n y ,.... *$0,108 00 Thompson. Tenney « Crawfc
B. A. ICoiwi, Cl.*< uko.................. *0,000 00
-------

fo rd Co., Chi c a g e ................... *UU>25 00
JOI0i I'arJf <*r A (Jo.# BOftOXU.

• And blank bonds.

0*000(0

Poplar Bluff, Mo.—Bond Offering.—Proposals will be re­
ceived until 8 P . m . , June 2, by Ed. L. Abington, Mayor, and
the City Connoil, for $0,000 4% 10-20 year (optional) city hall
and jail bonds. Authority, Section 0353, Article xlil., Chap­
ter 91 of the Revised Statutes of 1899. Denomination, $500.
Date, July 1, 1902. Interest, semi-annual. Blank bonds to
be furnished by purchaser. Certified check for $100 required.
Bonded debt, including this issue, $36,000. Assessed valua­
tion, 1902, $1,142,210. Wm. A. Spencsis City Clerk.
Raym ond In d ep en d en t School D istr ic t No. 49, Kandi­
yohi County, M inn .— M a tu r ity o f B o n d s .- T h e $10,000 4%%
bonds, proposals for w hich are asked until May 28, w ill be
issued in denomination of $1,(00 and w ill mature one bond
yearly on July 1 from 1908 to 1917, inclusive. For term s of
offering and other details see Chronicle last week, page 1053.
Refugio County, T exas.—Bond Sale.—T he $5,000 bridge
bonds m entioned in the Chronicle May 3 have been pur­
chased by the State School Board.
R erelsto k e, B. C.—Debenture Offering.—Proposals w ill be
received untilJ12 M.,JJune 6,|by(C. E. Shaw, City Treasurer, for
$7,000 5% 25-year debentures. Date, May 15, 1902. Interest,
semi-annual.
R ichland C enter (W is.) School D istrict.—Loan Nego­
tiated.— This district has borrowed $9,000 from the State of
W isconsin at 3$££ for 15 years.
Rochester, N. H.—Notes A uthorized. —The City Council

has authorized the issuance of $10,000 refunding school notes.
Rock H ill, S. C.—B ond Offering.— Proposals w ill be re­

ceived at any tim e by C. S. May, City Treasurer, for $10,000
4% 20-ye8r bonds, the same to be sold “ by the first day of
J u ly .” Denom ination, $1,000. Date, July 1, 1902. In­
terest sem i-annually at the N ational U nion Bank of R eck
H ill.
Rockport, Mass.—
Loan Proposed.—At a recent town meet­

ing the Water Commissioners were authorized to petition the
State Legislature for authority to borrow $25,000 for water
extension.
R o ck w a ll, T exas.—Bonds V o ted — The election held May
12 resulted in favor of issuing the $12,000 5% 5-20-year (op-

NEW LOANS.

NEW LOANS.
$ 5 0 ,0 0 0

WINONA, MINNESOTA,
R efunding Water Bonds.
P ro p o sals will b e receiv ed u n til 8:30 O’CLOCK
P. M., JU N E 9T H , 1902, by th e C ity Council o f th e
City o f W in o n a, M innesota, fo r $50,000 R efu n d in g
W a te r B n d s in d en o m in atio n s o f $1,000 each, d ated
J u ly 1st, 1902. I n te r e s t will he payable sem i-an n u ally .
P rin c ip a l w ill m a tu re $15,000 on Ju ly 1st in each of
th e y ears 1929, 1930 an d 1931; a n d $5,000 J a n u a ry
1st, 1932. Principal a n d in te re s t payable a t th e
N atio n al P a rk B ank o f New York City. B idders
will s ta te r a te o f in te re s t fo r w hich p u rch a ser
d esires bonds issu ed an d a m o u n t of p rem iu m offeree
if any, based on such ra te . A d ep o sit of five (6) p er
c e n t o f th e p ar v a lu e o f bonds bid fo r, e ith e r in
m oney or certified check, on a b an k in th e city o f
W inona will be req u ired .
A ddress P A U L K EM P, City R ecorder, W in o n a,
M innesota.
P A U L K E M P, City R ecorder.

$ 4 0 ,0 0 0

W ILMING-TON, DEL.,
S IN K IN G FUND LO A N .
Sealed b id s will be receiv ed fo r $40,000 Sinking
F u n d L o an o f W ilm in g to n , D elaw are, u n til 12 M.,
W E D N E SD A Y , MAY 28TH . 1902. B onds will d a te
fro m J u n e 2d, 1902, in d en o m in atio n s o f $50 or
m u ltip le s th e re o f, an d b ea r fo u r p e r c e n t in te re s t,
p ayable se m i-an n u a lly on A p ril 1st an d O cto b er 1st,
and will m a tu re $25,000 on A p ril 1st, 1927, fo r use
o f Board o f S tre e t an d S ew er C om m issioners fo r
im p ro v em en ts of s tre e ts, etc., an d $15,0oo fo r u se of
th e B oard o f P a rk C om m ission fo r p a rk im p ro v e­
m en ts, m a tu rin g $6,900 on O ctober 1st, 1920, and
$8,100 on A pril l^ t, 1927.
All prooosals fn u st be accom panied by certified
check, p ayable to th e o rd e r o f “ T h e M ayor a n d Coun­
cil o f W ilm in g to n ” to r tw o p e r c e n t o f th e am o u n t
o f b onds bid fo r, an d th e sam e to be fo rfe ite d it th e
b idder fails to ac ce p t an d pay fo r th e b onds aw arded,
t h e successful b id d er o r bidders will be req u ired to
s e ttle fo r th e bonds, v 1th accru ed in te r e s t fro m
J u n e 1st, 1902, a t or b efo re 12 M., J u n e 9 th , 1902.
T h e r ig h t to r e je c t an y an d all bids is reserv ed .
A d d ress all bids in sealed envelo p es to S eth H .
F e a s te r, City T re a su re r, m arked “ P ro p o sals fo r
Sinking F u n d L o an .”
A tte s t:

SETIX H . FEASTER, City Treasurer,
W ilmington, Delaware.

Blodget, M erritt & Co.,
BANKERS,

16 C o n gre ss Street, Boston.
3 0 NAH8AU S T R E E T , N E W Y O R K . ~

STATE, CITY Sc RAILROAD BONDS.

CITY OF ST. LOUIS
IS S U E OF

3 ff0

PER

CENT TWENTY-YEAR
COLD BONDS.

M a y o r ’s O f f i c e .
St. L ouis, M ay 7 th , 1902.
B y v irtu e o f O rd in an c e No. 20,641, au th o riz in g th e
issu e a n d sale of b o n d s of th e C ity o f St. L ouis,
se a le d p ro p o sals fo r th e p u rc h a se o f five m illio n
d o lla rs ($5,000,0(0) in said b o n d s, h e r e in a f te r d e­
scrib ed , w ill be re c e iv e d a t tb e M ay o r’s Office, in
th e City o f St. Louis, u n til 12 o ’clock, n o o n , OF T H E
2D DAY OF JU N E , 19(2, a n d p u b licly o pened by
th e u n d e rsig n e d a t said place an d h o u r.
Said b o n d s w ill b e d a te d A pril 1st, 1902, an d w ill
each be o f th e d e n o m in a tio n o f $1,000 U n ite d S ta te s
gold coin, pay ab le tw e n ty (20) y ea rs a f te r th e ir d ate,
an d w ill b ea r in te r e s t fro m th e ir d a te a t tb e r a te o r
th r e e 25ioo (3 25%) p e r c e n t p er a n n u m . S em i-an n u al
in te re s t coupons, p ay ab le on th e 1 st d ay o f A pril
an d O ctober, re sp e c tiv e ly , will be a tta c h e d to each
bo n d , an d b o th bonds an d coupons w ill be p ay ab le
to b ea rer, a s h e m ay elec t, e ith e r a t th e N a tio n a l
B an k o t C om m erce, in New York, in U n ite d
S ta te s gold coin, o r a t th e N atio n al Bank of S cot­
land, L im ited , 37 N icholas L an e, L o n d o n , England^
in p o u n d s S terlin g , a t th e r a te o f fo u r d o lla rs,
eig h ty six cen ts, six an d one h a lf m ills ($4*8665) p e r
pound S terlin g . T h e bonds will co n tain th e con­
d itio n th a t in p ay m en ts o f p rin cip al a n d in te re s t,
th e U n ite d S ta te s gold d o llar an d th e p o u n d S terlin g
will be ca lc u lated a t th e p re se n t s ta n d a rd o f w e ig h t
a n d fineness. T h e bonds m ay be ex c h an g ed fo r
reg istered b onds a t an y tim e.
B id d ers a re re q u e ste d to s ta te in th e ir p ro p o sals
tn e p rice offered p er bond, tb e p a r a n d p rem iu m to
be s ta te d as one am o u n t.
No bid will r e co n sid ered t h a t is n o t m ad e o n
blan k fu rn ish e d by th e C o m p tro ller.
P ro p o sa ls m u st be acco m p an ied by a c a sh ie r’s o r
certified check, pay ab le to th e o rd er o f th e co m p ­
tr o lle r (an d s u b je c t to his ap p ro v al), eq u a l to five
(5) p e r c e n t o f th e n o m in al am o u n t of th e bonds
bid f o r ; said d ep o sit to be re tu r n e d Im m ed iately if
th e proposal is n o t ac ce p te d , o th e rw ise to be h eld
su b je c t to fo rf e itu re to th e City in e v e n t of fa ilu re
on th e p a rt o f th e b id d e r to com ply w ith h is pro­
posal, o r in case o f co m p lian ce to be re ta in e d as
p a rt o f th e p u rch ase m oney. A d ep o sit in th e
re q u re d a m o u n t, to tb e c re d it of th e C ity o f St.
L ouis, in tb e N atio n al B a n k of Com m erce, In New
Y ork.c n o r b efo re M ay 31st, 1902, w ill be accep ted
as fu ll com pliance w ith th e re q u ire m e n ts re la tin g
to deposirs. No in te re s t will be allow ed o n e a rn e s t
m oney d ep o sited .
P ro p o sals will be su b je c t to all tb e co n d itio n s an d
re se rv a tio n s of th is a d v e rtise m e n t, an d m u st r e fe r
to sarno as a p o rtion o f th e a g re e m e n t on th e p a rt o f
tb e bid d er.
P ro p o sals sh o u ld be enclosed an d ad d re ssed to th e
u n d ersig n e d an d en d o rse d “ P roposal fo r P u rc h a se
o f St. L ouis City Bonds.’*
T h e u n d ersig n e d re se rv e th e rig h t to r e je c t any or
all bids.
T h e bonds will be d eliv ered ag a in st p ay m en t
th e re fo r in c u rre n t fu n d s, a t ih e office o f th e Com p­
tro lle r in th e City o f St. L ouis on tb e 20th day of
Ju n e , 1902,or. if th e b id d e r so elects in his proposal,
a t th e N atio n al B a rk of C om m erce, in New York,
on th e 21st day o f Ju n e , 1902.
T h e opinion of M essrs. D illon & H u b b a rd , A tto r­
neys an d C ounselors a t Law, New Y ork City, as to
th e v alid ity o f th e bonds, will be fu rn is h e d th e
su ccessfu l b id d er by th e City.
A sam p le bond can bo seen an d f u r th e r in fo rm a­
tio n o b ta in e d a t t h e office o f th e C om ptroller.
HOLLA W E L L S , M ayor.
JA M E S Y . F L A Y E R ,C o m p tro ller.

1HE

1106

CHRONICLE

tion&J) watar bonds. The date for the eale of these bonds
has not been determ ined, D, C. Fondren is Mayor.
Koine, N. f , — Bond Election. An election has been called
for May 22 to vote on the question of issuing $9 000 schoolbuildm g bonds and $6,000 bonds for the purpose of m aking
connections between several of the present school buildings
and the sewers,
K je (N, ¥ .) U nion Free School D istr ic t No. 3 . —Bond
Sale .—On May 19 §70,000
5 94-year (serial) gold bonds,
dated July 1, 1902, were awarded to Farson, Leach < Co.,
&
N ew York (m e only bidders) at 100*0625, Denom ination,
*3 ,600. Interest, annual.
St. H ila ir e ( A in u .) School D istric t. -Bond* Defeated.—
This district has voted against the issuance of $5,500 schoolbuilding bonds.
S a lisb u r y , Md .—Bond Offering.—Proposals w ill be re­
ceived until 12 m ,, May 29, by W illiam A. Ennis, Clerk, for
$4,000 4 % tire-engine bonds. Denom ination, $590, Date,
%
June 1, 1602. Interest, annually. M aturity, $500 yearly from
1908 to 1915, inclusive, A uthority, Chapter 463, L aw s o f
1902. Certified check for $100 required.
Sandusky, O hio.—iJow i Offering —Proposals w ill be re­
ceived until 12 m, , June 14, by A lex. M, W agner, City Clerk,
for $13,000 4# refunding bonds. Denom ination, $1,0 10. D rte,
March 1 1902. Interest sem i-annually at office of City Treas­
urer. M aturity. 18 years. Certified check for $1,000, p ay­
able to City Clerk, required.
Saratoga S p rin gs, N. Y.—Bond Sale,—Ou May 21 $25,000
i.% sew er and water bonds were awarded as follow s :
P u r c h a s e d by I . 11'. S h e rr ill, P o ’keevsie. I P w c h . b y W . W .A U e r d ic e .S a r . S p r in g s.
$6,000 due low............ .............@100-40 | »5,00>due 1815
...................@165-05
6.000 due 1013...........................@100-60 1 6,000 due 1810
.............. .„@l05-e5
6.000 due 1814....................,....@101-00 I

Denom ination, $500. D ate, March 1, 1903. Interest sem i­
annually at the Adirondack Trust Co., Saratoga Springe.
M aturity, $5,000 yearly on Sept. 1 from 1912 to 1916, in clu ­
sive,

Schneider School District, Riverside County, Cal.—Bond

Sale.—On May 10 $5,000

school bonds w ere awarded to the
Bank of San Mateo County, R edding, at 106*62. The bids
follow :
B’k of San Mateo Co., ked’Bg.16,331 00 I T. B. Poiter, Chicago...... .......$5,257 00
Oakland Bank of Sayings....... 6.82" 0 0 I s a a o Springer, Pasadena........ 5 , 2 5 1 1 6
W , J. Hayes & Sons, Cle»e__ 5,281 00 | H. C. Rogers. Bos Angeles
5,287 11

[VOL. LXXIV,

P rincipal w ill m ature one bond of $500 yearly on Sept. 4
from 1903 to 1912, inclusive. Interest payable annually.
Som erset County, Md.— Bids.—The bids received May 6
for the $18,000
school bonds are as follow s :
W, j . Hayes & Sons, Cleve. ,..$20,658 I Bank of Crlsfleld.....................)
11 G. Stanwood & Co., Boston.,. 20,100 Savings Bank of Somerset Co. j $18,260
1.
Trowbridge & Niver Co., Ohio.. 10,676 I Townsend, Scott & Sons. Balt.. 19.185

As stated last week, W . J. H ayes & Sons w ere the highest
bidders.
S o m erv ille, Mass.— Loan Authorized.—The Board of A l­
dermen has passed a resolution providing for an armory loan
of $60,000 in case the land upon w hich the building w ill be
erected is already owned by the city and $75,000 if land is
pm chased for th at purpose.
Southam pton , M ass. -L o a n Authorized.— This tow n has
authorized a loan t f $7,000 for a new tow n hall. Loan w ill
mature $500 yearly.
South B eth leh em (P a .) S ch ool D is tr ic t.—Bond Sale.—
O q May 16 the $89,100 4% 20-80-year (optional) bonds were
awarded to the F, P. W ilbur Trust Co, of South Bethlehem
at 108,
South Omaha, Neb.— Bond Offering.—It is reported in local
papers that proposals w ill be received until May 26 by the
City Council for $3,500
10-year library site bonds. D e­
nomination, $500; dated Dec. 1, 1901. Proposals m ust be ac­
companied by a certified check for $300.
Stanw ood (Io w a ) School D is tr ic t.—Bond Sate.—On May 2
$5,700 5%10-year bonds, dated May 1, 1902, were awarded to
the Stanwood Savings Bank at par. Interest payable May 1
and N ovem ber 1.
S to u ffv iile, Uni.—Debenture Offering,—Proposals w ill be
received u ntil 6:20 p, m ., June 17, by A, G-, Brow n, Town
Clerk, for $5,000 4% debentures, dated May 16, 1902, and ma­
turing part yearly for 15 years.
U tica, N. Y.— Temporary Loan Bonds.—The $189,323 83 4%
1-year temporary refunding bonds, dated May 1, 1902, m en­
tioned in the Chronicle A pril 26, have been taken by the
Savings Bank of U tica. These bonds, together w ith $10,678 17
cash now on hand, w ill be used to retire the $200,000 U tica
Clinton & Bingham ton Railroad aid bonds issued J u ly 1,
1871, and w hich m atured last July, since w hich tim e they
have been held by the South Brooklyn Savings Institution.

INVESTMENTS.

INVESTMENTS.
8 9 0 ,0 0 0
Geo. D. C ook C o m p a n y ,
MARION LIGHT & HEATING
IN V E S T M E N T S E C U R IT IE S ,
Salle S t . ,

C o u n s e lm a n B u ild in g , 2 3 8 L a
C H IC A G O .

B r o a d E x c h a n g e B u ild in g , 25 B ro a d S I ­
NEW YORK.

Mexican Government a n d State B o n d s .

M UNICIPAL
AMD

INVESTMENTS.
N. W. H A R R IS & CO.,
CO

& F ir s t M o r t g a g e B o n d s .
%

TOTAL ISSUE, $160,000.
$8,000.........Jan. 1,1808
$7,000...... .July 1,1808
*7,000......... J u ly l, 1906
$8,000......... Jan. 1,1910
$7,000......... Ju ly l, 1007
17,000..........Ju ly l, 1910
$8,000........ Jan. 1,1908
*8,000......... Jan. 1.1911
$7,000....... Ju ly l, 1908
$7,000.........Ju ly l, 1811
$8,000.........Jan. 1,1909
$8,000, .......Jan, 1,1912
Net earnings, $35,600 on Electric Light Plant.
New Heating Plant, recently put in operation. In­
cluded in mortgage.
City of Marlon, Ind., Population, 22,000.
Price to net,
per cent.

Public Service Corporation J. F . W IL D & CO., B an k ers,
I n d ia n a p o lis , In d ,
BONDS.
E, H. ROLLINS & SONS MASON, LEWIS & GO.
BOSTON.
San Francisco.

D en v er.

BANKERS,

C H IC A G O ,
M on ad n oek B v lld ln g ,

MUNICIPAL
R A ILR O A D
C O R P O R A T IO N

FARSON, LEACH & 00.,
Public Securities,
C H IC A G O .

NEW Y O R K .

BOSTO N.

M U N IC IP A L B O N D S .
G .

S

t a n w

&

o o d

C o .,

BAN K ERS,

121 Devonshire Street.
BO STO N .

F. R . FULTON
M

371

unicipal

LA

SALLE

BONDS*

C h o ic e I s s u e * .

Street Railway and Gas Companies,
L I S T ON A P P L I C A T I O N .

P H IL A D E L P H IA .

E.

BO STO N ,
6 0 D e v o n s h ir e S t,

T . B. P O T T E R ,

BANK B B S,
S I a n d 3 3 P I N E S T ., N E W Y O R K .
CHICAGO.
BOSTON.
D eal
e x c lu s iv e ly
In M u n ic ip a l,
R a ilr o a d a n d o th e r b o n d s a d a p te d
fo r tr u s t fu n d s a n d s a v in g s .
IS S U E T R A V E L E R S ' L E T T E R S OT CREDIT
A V A IL A B L E I N A L L P A R T S O f T H E WORLD.
Quotations furnished for purchase, sale or exchange.

BONDS
SUITABLE

Savings Banks,
T ru s t Companies,
T ru s t Funds,
Individuals,

Rudolph K l e y b o l t e & C o . ,
1 N A S S A U S T ., N E W Y O R K C I T Y .
MacDonald, McCoy k Go,,
M U N IC IP A L

C O .,

B onds,
STREET,

CHICAGO.

ANS

C O R P O R A T IO N

BONDS.
M U N IC IP A L and d / )U
C O R P O R A T IO N
171 La Salle Street, Chicago.
172 Washington Street,
CHICAGO,
- ILLS. M U N I C I P A L and
RO N T T T 3
L I S * ON A P P L IC A T IO N ,
CORPORATIO N
Netting from 8 ^ to 6# always on hand.
V I C K E R S & PHELPS,
15 Wall Street
*
New York. DUKE M. FARSON &CO.
IN V E S T M E N T B R O K E E S ,

St.,

115 D earbo rn
C H ICAG O .
Send for our Investment circulars.

HIGHEST GRADE RAILROAD
&

FOR

B O N D S ,
C H O IC E

a%

M I N N E S O T A BONDS,
y ie ld in g
n e t.
Pull particulars uponlappHeatloo.
H A R R Y B , P O W E L L & C O .,
W o o ib io s k , V erm o n t,

C.

D.

KNAPP, J R.,

&

CO.,

B A N K E R S and
D e a le r * In i n v e s t m e n t S e c u r it ie s ,
31 N a ssa u S tre e t,
NEW Y O R K C IT Y .

1 3 3 I.a S a l l e S tr e e t .
C H IC A G O .

THE CHRONICLE

Ma y 24, 1902.J

The oity holds stock of the said railroad com pany to the par
valne of $200,000, but does not deem it advisable to sell it at
this tim e,
W alla W a lla . W ash.— Bond Election—-The C ity C ouncil
has voted to subm it the question of issuin g $100,000 bonds
for a w ater system to a vote of the people.
W arren, M inn.— Bond Sale.—On May 12 the $14,000
30year electric lig h t and w ater bonds described in the C h r o n ­
i c l e A pril 19 w ere awarded to C, C. G ow ran of Grand Forks
at 105'357 and blank bonds. F ollow in g are the bids :
C. C. Gowran. Grand F o rk s..tl4 ,780 oo I C. A. Boalt & Oo., W inona.. $14,100no
MacDonald,MoCov&Co..Chic. 14,781 40 S. A. Kean, Chioaao...... .........J4.100 00
Stoddard, Nyo & Co., Minn... 14,600 (J I
O

W eber C ounty, U ta h .—Bonds Authorized. —The C ounty
Board has authorized $80,000 bonds to refund part of an issue
of $110,000 5< bonds su b ject to call J u ly 1, 1902. The re­
£
m aining $30,000 of the old bonds w ill be paid ou t of cash
now on hand.
W h ite C ounty, In d.— Bond Sale.—On M ay 17 $22,845 50
Round G rove T ow nship gravel-road bonds w ere a w ard ­
ed to the N ational F ow ler Bank of L afayette at 101'454.
W ich ita , K an.—Bond Sale.— This city has aw arded $5,500
1 year internal-im provem ent bonds dated M ay 1, 1902, to
the A m erican Fire E ngine Co at par.
W illia m sp o rt, P a .— Bonds Voted.—The election held May
13 resulted in favor of issuin g $81,000 Grafius R un conduit
bonds.
W illit s S ch ool D istr ic t, M endocino C ounty, Cal.— Bond
Offering.—Proposals w ill be received u ntil 2 p . m ., Ju ne 2,
by J. N . Rea, C ounty Treasurer, for $8,000 6% 1-10 year
(serial) gold school-house bonds voted A pril 14, 1902. D e­
nom ination, $400. Interest payable sem i annually in IJkiah.
Certified check required for 10# of bid payable to Chairman
Board of Supervisors.
W ilso n , N. C.—Bond Offering.— Proposals w ill be received
u ntil 4 P. M,, Ju n e 2, by Jonas O ettinger, Treasurer, for $12,000 coupon graded school bonds. D enom ination, $1,000.
Date, J u ly 1, 1902. Interest sem i-annually in N ew York
City. M aturity, $1,000 yearly on J u ly 1 from 1904 to 1915,
inclusive.
W in ch ester, M ass.— Fond Sale. —The $12,000 3 ) ^ waterfund bonds w h ich w e stated last w eek had been sold w ere

INVESTMENTS.

awarded to N. W . Harris & Co., N ew York, at 105'155.
F ollow in g are the bids,';
N. W. Karri* & Co.. Now York..l06T65
10. 11. HoIIIm A N o o k . Boston— ]06'00ll
h
Hlodget. Merritt, A Co.. Boston..103*01
Goo. A. Fern aid A < Boston..IOB‘02
!o.,

H.

W H I T E

&

The official notice o f this bond offering will be fo u n d among
the advertisements elsewhere in this Department.
W oodlaw n, A la.— Bond Offering.—P roposals w ill be re­
ceived u n til 12 m ., Ju n e 2, by ,T. B. Helm . M ayor, for $25,000
D enom ination at op­
tion of purchaser. D ate, May 1, 1902 Interest sem i-an n u ally
in N ew Y ork C ity. T otal debt w ill be represented by ab ove
issue. Assessed v a lu a tio n , $510,000, R eal valu e, ab ou t
$750,000. Certified check for \% required.
Y oun gstow n , O hio.—Bond Offering.—The C ity C ouncil
has authorized the issuance of $4,675 5$ M adison A ven ue as­
sessm ent bonds. Interest A pril and October each year. Ma­
turity, $467 50 yearly on October 1 from 1903 to 1912, in clu ­
sive. Proposals for these bonds w ill be received u n til 2 p. m ,,
June 16, by W m . I. D avies, C ity Clerk. P urchasers m u st b e
prepared to take the bonds not later than Ju ne 23, the m oney
to be delivered at one of the city banks or at th e office of the
City Treasurer. A certified ch eck for 2% of the am ount of
bonds bid for m ust accom pany proposals.
Z eeland , M ich.— Bond Election.—A n election w ill be held
May 26 to v o te on the question of issu in g $18,000 lig h tin g plant bonds.

5% 20 year gold coupon funding bonds.

BANKERS,
B r o o k ly n L ife B u ild in g ,

51 Liberty Street, cor. Nassau Street,

&
W
m
*
<

CORDAGE
§

w

M

J

g f i ;
j.
A E

S P E C IA L T IE S

THE

GRAND

PR IX

C. H . W HITE & CO.
v* t o . ,

Chicago, UlUnois.

IN V E ST M E N T BONDS.
LIS T .

DENISON, PRIOR & CO
CLEVELAND.

0O8TON.

C H O IC E O K L A H O M A
F IR ST M O R TGAGES

STA N D A R D

PAPERS

They are the only American papers which have
ever received this—
the highest honor th a t can be
aonferred. It means they are the most perfect
made. Insist on having them for your fine corres
gondenee and your office stationery. Are you using
whiting’s .’
.Ledger Papers In you Blank-Book
Samples and booklet free.

W HITING P A P E R C O M P A N Y ,
H O L Y O K E . M A S S .,

And 150 D u a n e S t r e e t , N e w Y o r k ,

M e n t io n th is p a p e r .

Unlisted Stocks and Bonds.
A l» o O ld D e f a u lt e d R R . B o n d * .

D A V ID P FEIFFER , 18 Wall St.

P. M u n n , M.D., P resident.

B. Borg,

BONDS.

BROAD

STREET.

-

NEW

YORK.

T R U S T COMPANIES.

Maryland Trust Co.,
N . W . C orn er C a lv e r t nnd G erm a n S tr e e ts ,
B A L T IM O R E .

C A P I T A L , - - $2,1125,000.
S U R P L U S , - - $2,437,500.

A Legal Depository for Court and Trust Funds.

QENUIN
W ELDED CHROME STEEL AND IRON

SAFE DEPOSIT BOXES FOR RENT. '
Acts as Financial Agent to- States, Cities, Towns,
Railroads and otner Corporations. Transacts a gen­
eral tru st business. Lends mon-y on approved
security. Allows interest on special deposits. Acts
as Trustee under Mortgages, Assignment s and Deeds
of Trust, as Agent, for m e Transfer or Registration
Of Stocks and Bonds, and l’or the payment of coupons,
Interest and dividends.
J. WILLI OX BROWN, President.
HENRY J. BOWDOIN, 1st Vice President.
LLOYI) L. JACKSON, 2d Vice-President.
,1 BERNARD SCOTT. Secy. & Treas.
CARROLL VAN NESK, Asst.Secy. & Treas.

Round and Flat Bars and 5-Ply Plates and Angle
FOR SAFES, VAULTS, &c.
Cannot be Sawed, Cut or Drilled, and positively
Burglar Proof.
CHROM E STE EL W O R K S,
Kent Ave., Keap and Hooper Sts.,
Sole Man’f ’ers In the U.S. B R O O K L Y N , N, Y .

Wm. A. Marburg.
11, j. Bowdotn,
i .eopold Hi rouse,
Henry Walters,
w. ft. Brooks J r.,
Lloyd L. Jackson,
If. A. Parr.
Clayton C. 11a,It,

SECURE BANK V A U LTS .

S e n d f o r b o o k le t, a n d l a t e n t o f f e r i n g .

W IC H IT A . KANSAS.

YORK.

A c tiv e a n d s u c c e s s fu l A g e n ts w h o d e s i r e
to m a k e D I R E C T C O N T R A C T S w i th th is
w e ll- e s ta b lis h e d a n d p r o g r e s s iv e C o m p a n y ,
th e r e b y s e c u r in g f o r th e m s e lv e s n o t o n ly a n
im m e d ia te r e t u r n f o r th e ir w o r k , b u t a l s o
mn i n c r e a s in g a n n u a l in c o m e c o m m e n s u r ­
a te w i th th e ir su c c e ss , a r e i n v i t e d to c o m ­
m u n ic a te w i th R I C H A R D E . C O C H R A N ,
T h ir d V ic e - P r e s id e n t, a t th e C o m p a n y 's
Office, 9 7 7 B r o a d w a y , N ew Y o r k C ity .

40

W HITING’S

On Improved Farms

W IN N E M W IN N E ,
e

HEW

BROKER IN INVESTMENT SECURITIES.

N e t t in g t h e I n v e n t o r « p e r c e n t I n t e r c u t .

W lrine B u ild in g ,

OF

G e o . G . W i l l i a m s , p res. Ohem. Nat. B a n k
E . H . P e r k i n s J r ., P r. i m p . < T r a d . N at.B k.
&
J a m es It. P l u m ,
. .
.
.
Leather
C l a r e n c e H. K e l s e y , P r . T i t . o u a r . & T r . Co.

Vi ax

523 W e s t e r n U nion B uilding ,

FOR

J ohn

C IT Y

A s s e ts , o v e r # » ,0 0 0 ,0 0 0 .
In su r a n c e In F o rc e, o v e r S 4 0 .0 0 0 .0 0 0 .

S a n d s ,

SEND

THE

F I N A N C E C O M M IT T E E :

THE A M E R IC A N
M AN U FAC TU R IN G
We beg to announce our removal
COMPANY,
from 7/ Broadway to the above
0 3 W A L L S T R E E T , N E W
Y O R K .
address on May 1st, 1902.

1902.

The United States Life
Insurance Co.
IN

m

H ■
H A
L

1860 .

ROPE.

m

W
tfl

NEW YORK.

% gucixDltl jstadiUr

MISCELLANEOUS.

IN V E S T M E N T S .
C O ,,

I Estatirook A Co., B o sto n ........10V02
| R. I,. I>ay A Co. Boston............. 104’78
I Adams & Co., Boston..................J0V7O
| Blako Bros. A Co.. Boston.......... 108'81

BoDds m ature $6,000 N ov. 1, 1929, and $6,000 N ov. 1, 1930.
W inona, M in n .—Bond Offering.—Proposals w ilt be re­
ceived u n til 8:30 P. M., Ju n e 9, by P aul Kem p, C ity R e­
corder, for $50,000 refunding w ater bonds. D en om ination ,
$1,000. D ate, J u ly 1, 1902. In terest sem i-an n u ally at N a ­
tional Park B in k , N ew York C ity. M aturity, $15,000y ea rly
on J u ly 1 from 1929 to 1931, in clu siv e, and $5,000 on Jan. 1,
1932. Interest rate on w h ich bids are based is to be nam ed
in bids. E ith er m oney or a certified check for
of the par
value of the bonds bid for on a bank in th e city of W in ona
required w ith bids.

T R A N S M IS S IO N

C.

1107

D IR E C T O R S :

J.Willcux Brown,
B. N. Baker,
Fred’k W. Wood,
Andrew I).Jones,
Joshua Levering,
James Bond,
J. D. Baker,
(LA. von Lingen,

J. A. Tompkins,
s. Mandelbaum,
John Pleasants,
J. L. Blackwell,
Geo. C. Jenkins,
John S. Wilson,
J. s. Lemmon,
L. F. Loree.

THE CHRONICLE

1108

$ an

ami Brokers ©tit at Hetu Uork.

SOUTHERN.

C H IC A G O .

WYNDHAM BOLLING,
B A N H .S E AMU B t tO H S H ,

U lO U a iO ^ D , V I R G I N I A .
Southern Securities
Virginia Bonds,
Vlr^inla'Carollna Chemical Co. stock.
Reference—
Mechanics' National Bank, New York.

Scott & Stringfellow ,
B iM K E B S ,
R IC H M O N D , V A .
. Sew Y
ock
xch aase
M e m b e r s ** New' Y o r k S lo tto nEE x c h a n g ,e .
t
o rk C

Our Treatises on Louisville S Nashville,
t
Chesapeake S Ohio, NorfolkISt West­
t
ern and the Consolidated Tobacco
Co. will be furnished on application.

Lancaster 8c Lucke,
B a n k e rs a n d B ro k ers,
HO?

EAST

MAIN

STREET,

R I C H M O N D , VA.
D e a le r s

in

I n v e stm e n t

S e c u r itie s.

M ILW AUKEE.

Bartlett, Frazier & Co.,
STOCKS AMO BONDS,
GRAIN AND PROVISIONS .

B A N K E R S

A N »

B R O K E R S ,

RICHMOND, VIRGINIA.
E s t a b l is h e d 1800.

C o rre sp o n d e n c e so lic ite d and in fo rm a tio n f u r ­
n is h e d a b o u t S o u th e rn S ta te , M u u lcip al a n d B a lload In v e s tm e n t S e c u rities.

Reference—
Bank or New York, N. B. A.

Oliver C. Fuller & Co.
Bankers,

NO. 7 NEW STREET, ■ NEW YORK.
Dealers in Railroad and Corporation
Chicago and Milwaukee.

B O N D S .

m em bers;

NEW YORK 8TOCK EXCHANGE.
CHICAGO STOCK EXCHANGE.
CHICAGO BOARD OF TRADE.

M ILW AU KEE,

WIS.

P R IV A T E W IR E S .

ST. LOUIS.

A. O. Slaughter 8c Co.,
B A N K E R S AND B R O K E R S ,
1 1 3 - 1 IT L A S A L L E S T R E E T ,

C H IC A G O , IC C .
f N ew Y o r k S to c k E x c h a n g e ,
icago t
hange,
M e m b e rs I C h w Y o rsk o c k E x cE x c h a n g e an d
IN e
Cotton
(C h ic a g o B o a r d o! T r a d e .

F r a n c i s ,B r o .
& C o .,

Edwin L. Lobdell 8c Co. 214 N. Fourth St.
8tock« and Bonds

Davenport & Co.,

[V o l , LX X IV .

T he Rookery,”

ST . L O U I S .

C H IC A G O , IL L ..

(N S W YORK STOCK EXCHANGE.)
MEMBERS < CHICAGO STOCK EXCHANGE. [
CCHICAGO BOARD OF TRADE.
J

M em bers N e w Y o r k , St.
L o u is an d C h ica go
S to ck E x c h a n g e e .

B ay a i l
sell on com­
mission local
s e c u r i ti e s ,
also l i s t e d
and unlisted
securities In
all principal
markets.
P E IV A T B
W IR E S .

W. H. Horine 6c Co.,

Whitaker 6c Company,

(INCORPORATED.)

Bankers and Brokers,

171 L A S A L L E S T R E E T ,

Successors to
W H IT A K E R d HODGMAS,
fc
BOND AND STO CK B R O K E R S ,
300 N orth F o u r th Street,

NORFOLK, V A .

C H IC A G O .

S T . L O U IS .

Members New York and Norfolk Cotton Exchanges.
P riv ate W ire communication with
L A B E N B U R G , T H A JL M A N N t& CO .,
N ew Y o r k .

WM. H. HORINE, late National Bank Examiner.

Mottu, de W itt 8c Co.,

C O M M E R C IA L

PAPER,

B A LT IM O R E .
_______ P I T T S B U R G . _______

B A K E R ,W A T T S & CO
Otto Marx & Company, Henry Sproul 6c Co.,
BANKERS,
Bankers* a n d B r o k e r s ,

S TO C K S A N D B O N D S ,
B IR M IN G H A M ,

.

.

ALABAMA.

John W . Dickey,

P IT T S B U R G , PA .
N E W Y O R K O F F IC E ,
J o h n s t o n B u ild in g .

MEMBERS
NEW YORK, PHILA DELPHIA , CHICAGO AND
PITTSBURG STOCK EXCHANGES
AND
CHICAGO BOARD OP TRADE.

BROKER,

AU G U STA, QA.
S O U T H E R N SE C T T R IT JU B ik

PH IL A D E L P H IA .

E. W. Clark & Co.,
BANKERS AND BROKERS,

N o . 13© South F ou rth St.,
P H IL A D E L P H IA .
Transact a genera! banking business. Allow in­
terest on deposits.
Members of th e Philadelphia and New York Stock
Exchanges, and connected by private wire with New
York,
W. G. HOPFEK,
H, S. H0FF2K,
Members of Philadelphia Stock Exchange.

N. Holmes & Sons,
BANKERS,
P IT T S B U R G ,

P A .

CORRESPONDENTS;
Bank of New York, N. B. A.
F irst National Bank of Philadelphia,
The Philadelphia National Bank.
_______ F o u rth National Bank, New York.
P I T T S B U R G ,
PA
H82ABLIBHXD 1871.

Whitney & Stephenson,
BANKERS AND BROKERS,
FR IC K BUILDING,
Oldest Pittsburg Members N. V. Stock Exchange.

203 E. GERMAN STREET,

BALTIM0BE, MB,
Dealers iu Investment Securities
m bm bbbs

Baltlmokb

stock

ExoHAsrax

Wilson, Colston 6c Co.,
Members of Baltimore Stook Exchange,
BANKERS,
3 1 6 E a s t B a l t i m o r e S tr e e t, B a l t im o r e .
Investm ent and Miscellaneous Securities a spec­
ialty, and whole issues handled.
Exceptional facilities for dealings in all classes o±
Southern Bonds. Loans on Collateral Securities
negotiated.

Charles B. Hoblitzell 8c
Company,
B A N K E R S AND B R O K E R S ,
H IG H G R A D E IN V E S T M E N T S .
S O U T H E R N S E C U R IT IE S A S P E C IA L T Y .

2 0 1 E a s t G e r m a n S t., B a l t i m o r e , M d .

BUFFALO.

Wm. G. Hopper 8c Co.,

T. Mellon & Sons’ Bank,

STOCK AND BOND BROKERS,
29 S o u th T h ird S tr e e t, P h ila d e lp h ia ,

PITTSBURGH, PA.
GENERAL BANKING, COLLECTIONS,
UNDERWRITING INVESTMENT SECURITIES.

W alfi, Steele 6c Co.,

HA
Battles, Heye 8c Harrison R O B E R T C. Exchange.L L ,
Member Pittsburg Stock

Brokers and Dealers in Buffalo and
Western New York Securities.

Investm ents receive our special attention. Infor­
mation cheerfully furnished regarding present
holdings or proposed Investments.

Bankers and Bond Dealers,
135 S O U T H

FOURTH

STREET,

P H IL A D E L P H IA .
7 1 B R O A D W A Y ', N E W

YORK.

'Phone, 8818 Court.
*45 F o a r tlC A v c ,, P lu s b u r g , P a .

S p e c ia lis t in P it ts b u r g and W ester*
P e n n s y lv a n ia S tock s.
Hand-book of Pittsburg Securities mailed upon
application.

B U F F A L O , M. Y.

M. S. SWAIN, Broker,
A U ST IN , TEXAS.
m i s ik

Texas Bonds, Mineral, Oil and Ranch Lands