Full text of Commercial and Financial Chronicle : May 3, 1902, Vol. 74, No. 1923

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[Entered according to Ac\> of Congress, in the year 1902, by the W illiam B. D ana C o m pan y , in the office of the Librarian of Cong ress.]

SATURDAY, MAY 3, 1902.

VOL. 74.

CLEARINGS— FOR APRIL 1902 AND 1901.
A L S O SIN C E J A N U A R Y 1 1902 A N D 1901.
April.

D f T a b l e C le a r in g * b y T e le g r a p h on p a g e 1# I 9 .

CLEARINGS— WEEK ENDING APRIL 26 1902.
ALSO S A M E W E E K 1901, 1900, 1899.
Week endi/uQ April 26.

Four Months.

1902.
1901.
1901.
P.Vt.
1902.
$
7.862 647,688 8,080,888,67* —14 9 25,188,011,77( 28,548,438,700
New York,—
Philadelphia.. 618,411,898 482,568,47? +7*6 1,892,206,865 1,745,217,931
700,458,935
701,240,041
188.266.7W9 205,868,44. —8*0
Pittsburg........
893,388,94b
417,863,286
Baltimore........ 106,867,590 126,128.674 -16*7
98,979,IT;
26,484,77b -5*0
93,388,853
81,065,724
Buffalo............
60,047,390
48,118,98b
11,105,40) ■1-25*0
13,878,123
Albany.............
01,232,168
12,240,122 F87*0
40.,688,000
16,892,130
Washington..
44.581,4080,018,100
11,926,915
10,646, m H 8 ’0
Rochester.......
24.948,450
6,779,964 +15*3
22,044,012
0,662.162
Seranton.........
82,288.010
5,047,885 T18*3
19,980,756
6,714,821
Syracuse.........
17,825,103
10,527,075
4,284,03' 1-13*4
4,826,905
W ilm ington...
0,147,500
7,127,200
1,501,000 f l l *0
1,732,900
Binghamton...
6,824.347
0,520,492
1,774,02? +9*6
1,948,288
Greensburg.. .
6,081,925
6,330,174
1,332,078 F24’ 8
1,660,102
Chester............
2,995,84V
866,091
2,088,190
708,40? +11*3
Frederick.........
Total Middle 8,255,828,026 9,581,424,986 - 1 8 4 28.400,070,379 31,728,809,018
Boston.............. 019,878,508 090,470,419 -10*9 2,850,598,440 2,409,216,aS6
20,000,100 +9*6
120,784,500
116,731,000
31,826.600
Providence....
48,244,23)
12,224,187 + 1*6
44,989,258
12,224,187
H a rtfo rd .......
28,581,301
25,902,50*
0.407,813 +17*8
7,587,203
New H a v en ...
29,961,377
0,920,980 +2*b
28,907,945
7,118,852
W orcester.......
+*7*2
20,891,889
0.420,003
6,886,874
28,080,831
Springfield.......
6,090,079 + 8*6
83,579,640
21,180,382
6,895,538
Portland...........
8,507,876 + 259
18,551,238
4,417,959
13,422,487
Fall River.......
2,511,20b + 0*6
9,751,192
9,645,19+
2,625,363
Lowell...............
9,104.530
2,049,706 +29*0
7,903.824
2,043,867
New Bedford.
0,238,507
1,897,661 ■+88T
0,328,568
1,711,171
H olyoke...........
Total N. Bng 702,899,410 706,732,201 -8*3 2,077,810,978 2,701,780,8*2
780,745.530 040,819,498 + 13 4 2,815,328.090 2,392,189,259
Chicago............
347.090.100
328.483,600
82,710,260 +n*e
92,909,000
Cincinnati.......
280,280,047
67,610.858 +10*2
217,818,502
03,495,278
Cleveland.........
181,548,673
41,246,113 —2*5
167,640,460
40,387,378
D etroit............
101,209,112
110,067,707
23,790,82'/ +144
27,226,277
Milwaukee......
122.819.100
20,816.000 t20*b
100,190,800
34,000,000
Colum bus.......
14,938,378 -+4l*4
83,874,730
60,704,67r
21,127,869
Indianapolis..
48,981.003
10,107,82* +11*4
40,094,331*
11,381,369
P eoria..............
+24*8
44,818,950
8,007.959
30,744,023
11,076,075
Toledo..............
25,669.311
5,784.40? +12*9
22,873,156,531,069
Grand Rapids.
0*224,910 +4*7
23,858,846
20,530,129
0,518,869
D ayton ............
10,537,509
4,250,107 +13*6
10,172,742
4.823.328
Bvansvllle.......
10,831,900
2,620,300 +10*7
9,018,900
2,789,100
Akron................
10,043,076
2.181.771 +24*3
0,019,353
2,048,118
Springfleld.Ili.
10,020,558
2.435.771 +0*fc
9.822,659
2,449,639
L ex in g ton .....
1,980,419 +80*1
2,599,144
9,838,015
0,473,074
Youngstown..
8,194.897
1,049,009 + 2 9 1
7,021,300
2,129,157
K alam azoo....
1,490,476 +24*0
0,870,886
5,600,068
3,848,484
Rockford.........
8,494,602
2,535,700
1,008,80? +52*0
6,590,433
Canton............
0,144,06b
1,620,761 + i e
1,651,901
6,844,944
Springfield, O.
0344,001
1,222,103
1,018,60b +20*e
4,722,881
Bloomington..
+ 0*1
6,562,25b
1,281,944
1.280,430
5.418,030
Quincy............
804,070 +244*
3,632.057
985,502
1.040.328
Mansfield.........
3,315,477
080,080 +■25 8
£00,278
2,753,14b
Jacksonville.il
2,931,334
659,061 +32*7
742,401
2,329,809
Jackson, Mich.
1,618,147
267808 +85*t
1,228,926
802,681
Ann A rb o r.. . .
Tot. M . W est 1,009,650,480 942.780,210 +13*6 4,144,099,40? 8,509,580,021
98,868,955 + m
420,919,718
308,291,21 fc
San Francisco. 112,035,038
70,840,435
14,870,607 + 4 4 0
20,039.775
52,737,692
Los A n geles...
60,895,52k
14,820,429
13,605,946 +24*6
46,263,310
Salt Lake City.
50,959,809
10,101,496 +87*7
13,914,967
87,090,041
Seattle..........
44,748,032
9,030,717 +84*b
11,200,096
84,788,033
Portland.. . . .
7,198,870
4,888,847 +06*9
26,505,418
10,401,571
Spokane.......
4,775,517 + 10*2
5,204,100
20,890,25+
19,477,90?
Tacoma........
8,194,877
2,845,201 -22*9
9,718,878
12,757,244
Helena..........
1,493,070
1,286,047 +16*2
0,909,851
5,031.487
Fargo.............
891.726 +84*1
4,583,801
1,196,271
3,480,704
Sioux Falls..
722,410.830
501,890,707
Total Pacific 189,578,093 167,514,047 +20*4
320,686,302
79,060,064
72,808,85? + 8*6
272,178,021
Kansas C ity..
205,451,4*8
50,407,627
40.874,119 +28*?
101,501,690
Minneapolis..
119,510,440
80,129,807
20,429,800 +14*C
100,050,660
Omaha............
23,380,068
19,093,39? +18*7
89,288,024
79,025,699
St. Paul..........
80,082,276
+ 0*0
18,820,7i9
17,767,16b
07,001,670
St. J o sep h ....
75,977.374
20,423,129 -10*4
18,289,647
78.036,944
D en ver...........
34,880,224
9,078,863
0,784,091 +83*t
27,714,263
Des Moines...
20.934,104
0,882,607
5,820,009 +18*1
21,443,049
Sioux C ity ....
23,025,414
5,961,103
4,374.846 +-8b*0
19,190,17?
Topeka ..........
6 ,237,043
20,802,852
4,227,613 +23*0
17,041,167
Davenport,...
2,272,763
11,108,12?
2,849,920 -3*3
8,960,431
Wichita..........
3.064.000
12,106,803
3,755.150 —18*7
17,840,672
Colorado Sp’gs
2 007,57V
___ 685,106
560,80b +3*2
2,486.031
Fremont..
878,030,700
Tol. oth’r W . 258,200,047 220,932,514 +13*1 1,024,646,090
820,926,027 182,950,314 + 20*8
801,080,008
095,164,284
8t. Louis.........
50,115,306
48,324,402 +10T
234,790,120
213,288,447
New Orleans.
43,894,489
106,620,070
40,420,006 -+8*0
156,920,94+
L o u isv ille....
24,109,527
9 4,074,55c
<
14,123,066 -+70*7
05,091,386
Houston.........
16,183,600
16,072,600 — 8*1
03,167,00?
05.113.000
Galveston . . . .
19,740,841
17,238,707 fl4*2
78,923,881
07.781,348
R ichm ond....
13,004,406
62,460,124
18,629,45b -4*0
00,206,112
Savannah......
12,828,882
11,791,289 + 8 ‘f
55,943,574
e
58,900,034
Mem phis.......
0,476,478
8,023,640 + 9 9
42,087,728
37.373.866
Atlanta...........
7,230,742
29,472,070
0,714,858 +7*6
20,440,933
Nashville........
0,481,784
21.539.780
5,074,829 +14*2
23,398,350
Norfolk..........
6 , 010,442
6,089,427 -1 1 2
21,800,814
Augusta.........
25,739,801
5,701,118
5,129,962 + 11*2
22,427,003
24,247,977
Fort W orth ..
4.124,677
4,005,600 +■3*0
18.050,83?
10.588.001
Birmingham..
3,504,633
2,803,00b +48*8
16,160,592
10.781.867
Little R o ck ...
2.707.000
2,793,000 - 8 8
11,810,000
12,275,000
Macon.. .......
8,049,908
2,685,076 +20*3
12,122,410
10,809,740
Knoxville . . . .
2.220.000
1,789,490 +24*1
8.745.121
7,768,407
Chattanooga..
1,714,798
1,243.071 +87* b
0,819,80?
4,970,791
Jacksonville...
Total South. 467,077,062 890,677,370 +17% 1.814,540.00+ 1,588,708,847
Total a ll.... 10,928184668 12,01600740b - 9 0 38,830,488,861 41, 108, 8 ^ 8.631
Outside N. Y. 8,675,487,080 8,878,178,8*7 + 6*8 18,772,477,0*1 13,568.419,870
95,000,000
69,182,047 +87*4
Montreal........
820,880,400
260,907,411
88,057,257
Toronto..........
49,079.942 +0fT2
201,027,473
105,887,002
13,199,816
7,084.294 f72*0
Winnipeg.......
48,V
,87,770
82,255,728
8,004,832
H alifax..........
0,023.474 + 1 5 0
20,708,005
27,328,978
4,219,850
Hamilton.......
8,519,508 + 197
12,961,402
14.556.781
3.750,906
Vancouver...
8,611,44< + 0*8
14,041,50+
18,624,494
8,275,020
St. John ........
8,000,040 + 7-0
12,842,16?.
11.765,503
2,228,814
Victoria.........
2,670,015 -18*3
8 . 707.121
10,263,244
212.728.000 14\48» 4W + 4 " -'
Tot. Canada..
>
7 1H.402,18'.
604,*)0.r>H7

NO. 1923.

OUartnga at—

P.Ct.
11*2

-

+8*4
-0 T
-5*0
+0*7
+105
+23*5
-i4*a

- -13*2
- -

11*6

+7*9
-13*7
+-11*9
+•6*6
+1T7
-10*3
-4 *0
+4*8
+7 2
+10 1
+25*0
+11*7

+ 11*8
+882
+ 2*2
+16*2
+1*4
—3*0
+17*7
+ 6*8
+5*7
+15*^
+ 8*8

+22*0
+37*2
+ 22-2

+ 22*0

+11*7
+16*2
+2*3

+ 20*1

+18*0
+7*5
+62*0
+10*7
+24*9
+51*9
+8*9
+34*3
+ 2*0
+209*
+20*4
+25*8
+23*0

+ 10*1
+17*8
4"4 4*8
+21*9
+-85 3
+28*8
+56*5
+-4*7
-23*9
+227
4-32*1
+ 22‘2
+ 17 9
+27*3
+12*7
+ 13*0
+20*3
— 2*0
+25*8
- -25*7
- -24*0
- -

22*1

--24 0
-2 9 8
+10^4
+10*7
+23*9

+ 10*1
+ 0*2

+48*3
-8 0
+9*1
-

20*8

+3*8

+ 12*0
4-1T4
+4*0
-15*3
-7 * 6
+9*1
+40*5
-8*7

+12*1

4-13*7
4-30*0
+14*0
-5*5
+9*2
+26*3
+34*1
4-49*9
+8*7
+7*0
+8*4

4-4*1

-1 4 5
+20*9

1009.
1002.
1900.
1901.
1899,
P. Oent.
*
$
«
-12 * 1,004 446.058 1,201,110.309
0
New Y o r k ................ 1,904 900,011 2,187,473,59+
127.475,077 113 999 2+8 +11 + 94.868 940 89.040,105
Philadelphia............
43.077.041
— *0 39 606.013 36 251.787
13
60 547 71'
Pittsburg.................
24,028,834 20 740.510
—*
7v 24,874 O P 32,225.070
O
Baltimore....... .
4 021 0 C
0
6 573,122
-7*0
0 082.838
4 ,3 1 5 ,m
Buffalo......................
3,802,13f
2,622.49V
2.603,10? +56*E
2.802 841
W a sh in g to n .........
2,892.85k
8.623,82?
2,504,281 +12*+
8,609,147
A lbany......................
+17
2.608.006
2 090 181
2,526.272
1.031.166
R o ch e ste r............
+9*9
1,310 99b
1,007,324
1,198,441
1,048.028
Syracuse.................
1,813,227
1,403,054
+7*?
1,800.008
1,150,240
Scranton....................
1.079,047
892 072 +21*0
942.938
893.844r
Wilmington.............
401,60'
442.100
833 200 +20*6
837,800
Binghamton..........
1 *4
305 067
810 77?
863.099 — 3
310.000
Chester......... ...........
12*5
328,212
875,744 —
282,462
220.000
areen sburg...........
008 43?
491 506 +80-C
Wheeling, W . V a .u
772,080 Not include d in tot al.
Wilkes Barre...........
-116 1,240.302,044 1,302,300,606
Total M iddle... . . . 2,121,160,172 3,397,388.180
149,184,810 101 700 021
-7*7 126 052.069 158,707,950
B o sto n .....................
7634,00(
0,709.000 +13*+
0 0C6 400
6,061 500
Provldenoe ........... — *0
6
2,642,408
2,003.338
2.23*,44b
H artford.
2,131,448
+9*+
1,594,90?
1,458,838
1,298,24"
New H aven ............
1,685,779
1,107,195
1,710,132
1,631,02V +1T7
2,068,918
Springfield.......... .
+8*C
1,206,38b
1.845,08
1,709.459
1.081,104
W o rcester.... . . . . . .
1,220,8H
1,341,09
—
9(
982,731
1.827.106P o rtla n d .................
+8*7
910,029
750,286
887.61?
800.Q4&
Fall River................
627,893
680 08k
599,670 +14-5
717,868
Low ell...................
558,22?
431,19f =+80’/
346,091
431.069
New Bedford.........
+274
419.278
202,824
8c9 155
270.000
H o ly o k e ...................
—
e** 141.487.011 170 908 410
108,800.40? 179,340.019
Total New E n g ..
Chicago.....................
159.813,702 141,424.35k +18*C 129.788 850 118,827,108
< +10*0 14,421 1 C 18,870,000
5
20,207,000 17,407,5O
Olnoinnatl...............
8,401 444
8,511,401
-+1*»
7,133 072
Detroit*. •
«
0,008 889
11038.521 420*8
9 700.042
14,088.18?
Cleveland................
8 906 603
5 708,020 +19*6
6,814.431
5620 209
4 890.580
Milwaukee..............
6,568.100 +38-7.702 20(
4 013 900
4.201 300
C o lu m h u s.... . . . . .
8,041,0a? +48*7
4,623.14?
2.851 51b
3,008,308
Indianapolis...........
2,147.72*
+7*8
2 803,00?
1.843.307
1,757 194
Peoria-......................
2 34?,47>
+41*2
1 002 03
1 722,805
1 365,002
T oledo............. .........
1.410 1 V
3
1148,89
+28*3
1,110.682
1,068.700
Grand Rapids.. . . . .
1,278,87v
1,118 740 +14°+
1,130.094
935 537
Dayton ................ .
900,494
911,292
070.80? +35*V
739,840
E van sville..............
608.60
414,201 +22-7
287.064
800.449
Youngstow n...........
397,14? +33*2
589,800
303,798
867 X48
Springfield, 111.......
450.00V
—*
31
408,893
803.792
280.618
L ex in g to n ..............
504,900
+8*k
611.800
898.60
392 000
A k r o n ......................
410 15b +15*0
474,862
395,808
279,090
K alam asoo......... .
283,729 +50 2
434,741
810.98V
831,124
R ookford................
384,80?
238,19+ +40*8
281,551
210 627
Springfield, Ohio..
278.109 +57*2
437,58+
229,100
236 000
C an ton .....................
107 24’;
169 406 +42*6
180,69b
160.000
J acksonYllle, 111...
287,372
+ 63
■*
220,000
289.932
Q u in cy......... ...........
209,704
234,454 +14*9
863,104
Bloomington..........
120,74( +12*6
140,00t
Jackson.....................
46,8L +79*6
I
81848
.. Ann Arbor................
216,07V
85,001 +152*V
55,000
Mansfield........ .
334,818,53? 203.943,0071 +15*1 j 188898,30V 168 804 933
Tot. Mid. W esV n
23,470.27+ 21,103.097
+0*?
15.003 981 19 830 216
San F ran cisco..*...
2 038,08k +18*0
8.128,12t
1,754,788
2,017 13'*
Salt Lake City......... i
1,880,21c +28*6
! 2 320,20+
1.657 566
P ortland......... .
1,497,856
3 420,78k +39*3
1 4 424 05?
1,462;078
2,800.80?
Los A n geles..........
2,349 23, + 2
8 **5
8.118,874
1,830,870
1,460.472
Seattle......................
961.21+ +71*8
1,029.240
809,710
1,169,280
Spokane...................
I,19U,80f
-0*1
1,189.297
943,487
081 162
Tacoma.....................
513.29
-22 0
443,06b
897 327
050,000
H elena......................
384,70) +21*2
820.94V
25Q
.522'
839101
Fargo........................
210 390
220.581
158,40*
188,073
+4*1
;
Sioux Falls...............
34,634 40) +13*6 20 216.005 28,494.713
39,231.69}
T otal P a c ific ..,..
40 0 14 840,091 11,965 390
Kansas City..............
17,783.00? 10,780.289
11.057,478
8,771,18? +82*6
7911.373
8 763.68b
Minneapolis..............
5.971 2
2.6,827,217
+0*(
O m a h a ......................
5.331,203
4 688.861
+10*3
5 309 4 V
2
4 800,373
4 287,64V
St. P a u l.....................
3,987 007
4 209,20+
-7*9
8,932,70(
8,912.159
D enver.............. . . . . .
2,865 228
4 841,05V —
4,268,173
118
2,700.000
St. Joseph.................
4,886.368
1,303,104 +88'0
1.889 276
1,401,010
1,141 824
Des M oines.,. •«.»««*
833,84V
897,085
+7*7
674.906
Davenports..............
671.789
1,499,14?
1,433.80)
+5*8
1,835.008
909.781
Sioux City.................
1,862,89k
517 C33
904,815: +49*0
537,801
T op ek a......................
672,450
505,68?
+1*2
488,795
505,850
W ic h ita ...................
121,123 -10*7
109,101
117,807
93,912
Frem ont....................
600,000
817 08) -88*+
Colorado Springs...
6B.167.t6? 61,629 407
+9*1 45,835 814 37.718 480
T o t. other W est*
43,800.24?
40,688 911
+7*C 81,269.03< 29.466.983
St. L ou is...................
?
12.500.472 10 743 337 +16*9
6,859 046
New Orleans............
8,507.045
8,600.06? +18*4
0.040 057
7,192.312
7,631 814
Louisville................
3,051,500
8,452.00(! -11*?
2982,300
2,771 500
G alveston,. . . . . . . . . .
5,000,00(
3.150,000 +58*7
2.537,014
H o u sto n ................. .
3,108 203
2,798,7071 -10 4!
2,608 920
Savannah................ .
1,700,6? «
3,570,73?
4,208,098
3 725.80+1 +14*4
2,308,429
8tl€8 231
Richmond......... .
2,597.316
2 619 183
-0-8
1.460 733
9,984 776
Memphis....................
1,005.897;
1 480,87+: +13V
1.243 6W1 1,284,076
A tlan ta.....................
1,834,730 +17*7
1.570 143
1.391,576
1,214 870
Nashville..........
1,880,343
1.224,72? +12*7
N o rfo lk ...................
1.010.710
1,010.041
1,184,989
1,094,8311 +8*7
060,572
608 888
A u g u sta ... . . . . . . . . . .
649,057; +20*0
003,138
510 418
468.576
K n o x v ille ..,...........
1,189,032
1,010.8+8 +10*0
1,129 306
1,011867
Fort W orth ............
1,000,000
950,000'
+6*8
892 764
087 796
B ir m in g h a m ........
561,000
078,0001 -—
18'7
407,000
400 000
M acon ...................... .
878,014
658.531 +69*4
440 7091
840 600
Little Rock.............
399,016 +256
600,000
860 90
837,422
Chattanooga............
880,000
230 008 + 05*2
223 719
280 079
J a ck so n v ille .........
93,069,690 85 019,688 +10*5 70 081 712 02.299,280
T otal Southern.*..
2.951,778.005
-8*1 1,708 431,725
Total a ll..................
+5*8 048,975 00? 029 022 008
Outside N . York.. 808.784.017 704,805.007
M ontreal...................
24 652 850 15 010 198 +67*2 18 709 874 14 771.414
0,087 427
17 978 540 10,890 932 +05*0
8.428 862
T o ron to .....................
8,135.370
1,691,627
1.08L80+ +80A
1,000 77?
W innipeg.................
1,244,795
1420,000 +20*0
1,300.001
1.712,802
H alifax... > ••♦••••i
•
728 820
825,4 1
H
721 980 +14*4
784,852
Hamilton
661 295
798,087
046,550
705,910
-3*4
St. John............
—
0V
045723
050 002
408 «0«
006.084
Victoria............
767,480
808,950
084 020
48
*2
1,000,900
Vancouver....
M
M.580.854 39 04+ 027 4-68 0 2 ,0f»7 58W 80,283,481
Total Canada
. T T ..

908

THE CHRONICLE.
THE FINANCIAL SITUATION.

The peculiar speculation which has been in progress
the past month met a set-back Wednesday in the
heavy decline of the International Power Company
from 198 at the close Tuesday to 120 the close the
following day and 103 at the close of Thursday; Fri
day it dropped to 85, closing at 89. Snoh a tumble
of course brought discredit upon all that olaas of in
dustrials that give the public no statement of their
affairs and condition, leading to considerable dis
crimination in the loan market and a flurry among
borrowers in the money market. The whole list of
railroad shares was also adversely affected, the declines
being general on Wednesday and Thursday, with a
very few exceptions, prominent among the latter
being the Illinois Central and St. Paul, each of whioh
was conspicuously active, resulting in material ad
vances. Friday afternoon there was a severe break in
the market in which all properties shared.
Call
money touohed 6 per cent on Wednesday, 15 per cent
on Thursday and yesterday the highest rate was 10
per cent. Of course this increase of activity in the
money market was also in part due to calling in of
loans in preparation for the first of May interest and
dividend payments; but probably it was chiefly owing
to the discredit produced as stated above.
An interesting and assuring announcement was
made this week by the Clearing House Committee.
The very large additions within a short period to the
number, capital and demand deposits of financial in
stitutions other than Clearing House banks in New
York has led to repeated expressions of opinion that
more frequent reports and better knowledge ought to
be in the hands of the public as to their affairs, and
that some reserve ought to be carried in their own
vaults. The latter seemed to be a particularly im
portant feature. Entire dependence on our Associated
Banks’ reserves in every emergency, with such a multi
plication of these institutions, carrying on such en
larged and varied business operations, was not cal
culated to inspire confidence at a time of trouble.
Now, when every kind of business is prospering and
no alarm is felt with reference to affairs, is j ust the
time to consider and attend to such matters.
The acquisition of the St. Louis Kansas City &
Colorado Railroad by the Chicago Rock Island &
Pacific Railway Company seems to be an important
move in the railway world. The road cannot be con
sidered of very great consequence as it now exists,
though having (according to the newspapers) good
terminals at Si. Louis. Years ago it was controlled
by the Atchison Topeka & Santa Fe, but as it did not
connect with the Atchison system and as the Atchi
son people were unwilling to build a line to Kansas
City to connect with it, it was not retained at the time
of the Atchison reorganization. It comprises now
only a little over 100 miles of road from St. Louis
westward, but 76 miles more are under con
struction and a line is projected west to Kansas City,
120 miles further. This projected extension will now
undoubtedly be built, giving the Rock Island a line
between St. Louis and Kansas City and an entrance
for the first time in its history into St. Louis. The
Rock Island also, as is known, recently acquired the
Choctaw Oklahoma & Gulf Railroad, and thus has a
line likewise into Memphis. We give a map of the
Rock Island system on page 41 of the number of our

[Y ol. hXXIV.

I nvestors’ S upplement issued last Saturday, and
from an examination of the same it will be seen that
with this outlet to St. Louis the Rock Island is placed
in a very strong geographical position, for thus reenforoed its northern termini comprise a number of
very important centres, namely Memphis, St. Louis,
Kansas City and Chicago. The acquisition of these
new lines to St. Louis and Memphis will give the
system aooess to a section of the Southwest where
previously it was not a factor.

Trade records still continue very favorable, indica
tive of the activity and prosperity of industrial in
terests. Mercantile failures seem to be running a
'little larger than a year ago, the statement appearing
in “ Dun’s Review” to-day (with an advance copy of
which we have been furnished), showing 855 insol
vencies with $7,859,341 liabilities in April this year,
as against 763 failures in the same month of last year,
with $5,571,222 liabilities. The editor of the “ Re
view” points out, however, that the fact must
not be overlooked that a year ago the April state
ment was the smallest as to liabilities of any
year since these monthly returns were first com
piled. Bank clearings make similar comparisons—
that is, while the exhibit is not quite as good as a year
ago, the result yet appears very satisfactory when the
exceptional nature of the total for 1901 is recalled.
Roughly, the aggregate of the clearings for the whole
country falls 9 per cent below the total for April last
year, but the loss is due almost entirely to the falling
off at the financial centres like New York and Boston.
At New York there is a decrease of almost 15 per cent
and at Boston of over 10 per cent. The reason for these
declines is of course obvious. Stock Exchange specu
lation while active the present year was on a much
smaller scale than in April of last year, when the
total of the sales reached the largest figure for any
month in the entire history of the Stock Exchange.
Out of that uncontrolled speculation, it will be re
membered, the panic the next month arose. The
share sales on the New York Stock Exchange the
present year in April amounted to 26,567,743 shares; in
April last year the total was 41,719,088 shares.
The market value of this year’ s sales was only
1,998 million dollars, as against 3,515 million dollars
last year, a difference against 1902 in the sum of 1,517
million dollars. Oatside of New York there is an
increase in clearings over the large total of last year,
the amount for 1902 being 3,575 million dollars,
against 3,378 millions for 1901, 2,757 millions for 1900
and 2,706 millions for 1899. Even with New York
included, the present year’s total shows a large in
crease over all previous years except 1901. In brief,
while the clearings for April 1902 amount to 10,928
millions and this compares with 12,015 millions in
April 1901, for 1900 the corresponding total was 7,473
millions and for 1899 it was 8,283 millions.
Announcements this week of enlarged dividends by
two prominent systems furnish evidence of the con
tinued prosperity of railroad interests. Both the
Pennsylvania Railroad and the Northern Pacific
Company have altered their rates of distribution.
The Northern Pacific Company makes the quarterly
dividend on its stock (whioh is all common now) 1$
per cent, whereas before only 1 per cent had been paid
on common and preferred alike. In other words,
dividends are now at the rate of 6 per cent per au-

May 3, 1902.]

THE CHRONICLE.

num against 4 per oent previously. Hardly any of the
Northern Pacifio stock is outstanding, it being nearly
all held by the Northern Securities Company, so
that the general public has little interest in the
matter. But nevertheless the fact is of importance as
showing prosperous conditions in an important section
of the United States. The Pennsylvania Railroad of
oourse lies in a totally different part of the country,
its large earnings reflecting the condition of trunk
line properties in the territory between the Atlantic
seaboard and Chicago and St. Louis and also of the
great coal and iron industries which are embraced
within this territory. The Pennsylvania Railroad has
been paying 2-£ per cent each six months with an
extra 1 per cent at the end of the year, so that stock
holders have been receiving 6 per cent per annum.
Now 3 per cent is to be paid in the regular way the
coming May; with this the regular rate, shareholders
will receive the usual 6 per cent for the year, even if
no extra distribution should be made next Novem
ber.
The Pennsylvania Railroad statement for the month
of March has been issued the present week, and shows
continued improvement in the earnings of the system.
On the lines directly operated east of Pittsburg and
Erie there is an increase for the month of $447,200
in gross earnings and of $32,000 in net earnings;
while on the lines directly operated west of Pittsburg
and Erie there is $390,700 increase in gross, with
$3,400 decrease in net. On the combined lines, there
fore, the result for the month is a gain of $837,900 in
gross, with a gain of $28,600 in net. The large aug
mentation in expenses shown by these figures can occa
sion no surprise when the damage and interruptions
occasioned by the severe floods at the end of February
and the beginning of March are recalled. The present
improvement in earnings we need hardly say follows
large improvement in the same month of both
of the years immediately preceding. In March 1901
there had been $644,200 gain in gross and $444,700
gain in net on the combined lines and in March 1900
the gain for this one month had amounted to $1,802,100 in gross and to $541,800 in net. Below we furnish
a six-year comparison for March and the three months
on the lines east of Pittsburg and Erie—the only
portion of the system for which we have the data for
such a comparison.

909

and it now stands at $9,461,050. The indications
point to the absorption by the Sub-Treasury, through
operations incident to the retirement of bank note
circulation and internal revenue collections, of
amounts in excess of the net receipts of money from
the interior during the week.
Money on call, representing bankers’ balances, has
loaned at the Stock Exchange during the week at 15
per cent and at 3£ per cent, averaging about 7 per
cent. On Monday loans were at 4£ per cent and at 3 f
per cent, with the bulk of the business at 4 per cent.
On Tuesday transactions were at 4 per cent and at 3f
per cent, with the majority at 4 per cent. On Wednes
day there was an active demand for money caused by
calling in of loans preparatory to the disbursement of
May interest and dividends, and in the last hour
money rose to 6 per cent, and some few transactions
for small amounts were recorded at 8 per cent, owing
to an urgent inquiry from borrowers who had failed to
make sufficient provision for their requirements earlier
in the day. The unsettling fall in International Power
stock also had considerable influence; the lowest rate
was 3f per cent and the bulk of the business was at 5
percent. On Thursday transactions were at 15 per cent
and at 5 per cent, with the majority at 8 per cent; the
demand was more or less urgent until the close, when
the rate fell to 6 per cent. On Friday loans were at
10 per cent and at 6 per cent, with the bulk of the
business at 7 per cent. Time contracts are offered
with some freedom, chiefly by trust companies and
institutions in the interior, but the demand is only
fair and business is light; the majority of borrowers
seem inclined to defer making engagements until
later in the month, expecting then to obtain more
favorable terms. Rates are 4@4£ per cent for four to
six months on good mixed Stock Exchange security.
Commercial paper is in request by local and country
buyers, but the supply is only moderate. Rates are
4^@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 minimum rate of discount
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
2$ per cent. The open market rate at Paris is 2 per
cent and at Berlin and Frankfort it is If per cent.
Lone E
or
1902.
1901.
1900.
1899.
1898.
1897.
Pr-rrsBUBG.
According to our special cable from London the Bank
March.
$
•
•
•
9
9
of England lost £429,356 bullion during the week and
Gross earnings.... 8,002,332 7,615,182 7,014,982 5,820,982 5,488,332 6,064,782
Our cor
Operat’g expenses 5,583,310 5,170,110 4,922,210 4,188,210 8,802,410 8,444,810 held £35,925,872 at the close of the week.
N et earnings.. 2,477,022 2,445,029 2,092,722 1,637,722 1,685,922 1,610,022 respondent further advises us that the loss was due to
Jan. 1 to M ar, 31.
the export of £40,000 (of which £30,000 were to
G ross ea rn in gs.... 28,115,787 21,717,987 19,692,687 16,701,987 15,356,087 14,808,637
Operat’g expenses 16,176,217 14,868,117 13,866,217 12,034,817 11,209,117 10,267,117 Argentina and £10,000 to Peru), to shipments of
N et earnings.. 6,989,520 6,849,820 6,726 820 3,867,120 4,147,820 4,039,620 £627,000 net to the interior of Great Britain, and to
imports of £238,000, of which £176,000 were bought
in the open market, £57,000 were from Australia and
There was no change in the official rates of dis £5,000 were sundries.
count by any of the European banks this week; un
official rates at Continental centres were easy, while
The foreign exchange market was generally strong
those at London were firm. The Bank of Bengal and early in the week, influenced by a scarcity of bills and
the Bank of Bombay reduced their rates from 6 per a good demand for remittance; later it was easier, being
cent to 5 per cent.
affected by high rates for money. Commercial drafts
The notable feature of the statement of the New continue in quite scant supply and the few that are
York Associated Banks last week was the gain of $3,- offered are against commodities other than grain and
326,500 in cash, of which $761,600 was specie and cotton; deliveries of this class of bills for which con
$2,663,900 legal tenders. The loans were decreased tracts have been made are prompt, but they have no
$1,097,300, while the deposits were increased $1,772,- effect upon the market. The higher discounts In
400. The surplus reserve was augmented $2,882,400, London seem to have restricted the negotiation of
a st

910

THE CHRONICLE,

sterling loans, and consequently offerings of sixty and
ninety day bills for this purpose have been few. A
fall in the rate for exchange at Paris on London on
Tuesday to 25 francs 17 centimes from 25 franca 19
centimes on Monday seemed to make it probable that
gold might be exported by Thursday’s steamer, but
on Wednesday exchange at Paris recovered and on
the following day sterling in New York grew slightly
easier, in consequence of the higher rates and firm tone
for money; hence gold exports, at least this week,
were made unprofitable.
There was considerable
business in Continental exchange, though on quite a
narrow margin, especially for francs. Transactions
in sight sterling were between 4 8780 and 4 88 dur
ing the week. The Assay Office paid $721,158 35 for
domestic bullion.
Gold received at the Custom
House for the week, $49 99.
Nominal rates for exchange were 4 86@4 86$ for
sixty-day and 4 88$@4 89 for sight. Rites for actual
business opened on Monday unchanged compared
with those at the close of last week, at 4 85$@4 85f
for long, 4 87$@4 88 for short and 4 88f@ 4 88$ for
cables, and the tone was firm though business was
small. Oa Tuesday the asking price for long was ad
vanced one-eighth of a cent, to 4 85$; with this ex
ception there was no change in rates, and the tone
continued firm, with sales of short sterling at 4 88,
against 4 8795 on the previous day. On Wednesday
the bid quotation for long was at an advance of oneeighth of a cent, to 4 85§@4 85$, and there was no
change in short or cables, the former selling at 4 88,
receding to 4 8795 by the close. Oa Thursday long
fell off one-eighth of a cent, to 4 85$@4 85$, and
though there was no quotable change in short or
cables, the tone was easier, influenced by dear money;
offerings of short bills were at 4 879) at the close.
The market was heavy on Friday at a decline of $ of
a cent all around, and sight bills were sold at 4 8780
@ 4 8785. The following shows daily posted rates for
exchange by some of the leading drawers.

[VO L.

LXXIV.

The following table indicates the amount of bullion
m the principal European banks.
May 1, 1902

May 2, 1001.

Bank « /
Hold.

ag n _
nla d
F rance... . . . .
Germany .....
ttn*ela............
4.a*.-Hnng’y
Spain . . . . . . . . .
Ita ly . . . . . . . ..
(fatherland*.,
(fat Belg’m ..

ailvtr.

Total.

Sold.

S ««*r.

£

~£

£

£

86,986,872
103,801,149
87.884.000
78.672.000
44.808.000
14,090 000
16.110.000
4,788,100
8,138,000

44,842,908
18,810,000
8.409.000
12.167.000
18.420.000
3,188.100
6.817.000
1.669.000

£
83,086,872
147.204 117
61.144.000
82 171,000
60,760 000
82.528.000
18,243,100
11.401.000
4,707,000

86,439 819
00 483,787
81.289.000
70 876,000
38.787.000
14,003 000
16.816.000
5,067,8)0
8,014,000

Total.

£

86,499,819
48,977,010 140,418,830
14.886.000 45.009.000
0,616,000 70.891.000
10,908 000 40.006.000
10.084.000 80.080.000
1,924,700 17,140,700
5,787,0)0 10,784,800
1,457,0 >0 4,871,000

rou th ls week 832.226021 107837008 440,094,089 3(9,480,930 101579719 411,000,036

T t. orev. w 882,096,477 107001241 440.607.718 318.008.764 101877994 413,811,748
n
’k
IN TER-ST A. TE COMMERCE COMMISSION.
ITS POWER TO M AKE RATES.

We have quite recently written severalarticles to show
why it would be very wrong and hurtful to graut the rail
road rate-making power to the later-State Commerce
Commission. As the writer looks at it, the proposal
(1) is prejudicial to national morality; (2) seeks torch
railroad investors of their capital in whole or in part—
that means the large number of small as well as the
smaller number of large security holders; (3) risks
a return of industrial prostration; and (4) conse
quently exposes the whole body of wage-earners to
great loss. These, we believe, are the issues this pro
posal raises— issues that are involved in a grant of the
request made. They are not met and still less an
swered by such suggestions as have been put forth by
those who have criticised our articles, especially the
last one of March 29^ which has apparently attracted
widest notice. Professor Bascom of Williams College
has given to the press the latest disapproval we have
seen—-his strictures being contained in a letter to the
“ New York Evening Post,” published last Saturday.
The course of argument he adopts is much like that
of all the other critics, only he does not directly ques
tion a single fact we presented.
ri
S. 5AO2 Tr.s., W ., May s.. F 2 Indeed, the Professor seems to ignore facts. For
0
A’B2 MW.Aon2.A r. 8 T u1 May ., . instance, he'bases an argument in favor of the capac
p l™ p .. p 9 pID h
r
r. 8
6
6
6 8
0 8
T ie
8* 8* 8* 8* 8* ity of the Commissioners to make rates upon the
6
B w B * f sight!!; 48* 8
ro n ro ...
8
8
8
8
8
8
8
8
8
6
«* 8
6 £
0
6
Brino & o 1S dt.... *8* 8* 8* H 8* 8* hypothetical statement that having had a hearing,
a agtin C., \9iga * 4 9
,
Chy . 8
8
9
9
8
9
9
8
9
Mg
8 8
8
6
0 8
6
B n.A erica i S dt.... 48 * 8* 8* 8* 8* 8* and thereby gained the knowledge to pronounce a
ao B
* ritish .. «5iga * 48
0 hy . 6
8
8
8
8
8 8
8
8
8
N m
0 8
8
6
0 8
6
6
B n of l,....,, tS dt™ 48* 8* 8* 6* 8* 8* certain rate wrong, they are fully prepared—that is,
a on
*
40hy.. 4 6
8 a* 8
8
8
8
8
8
8
8
M trea
ig . 8
6 oj
CnCia mrce {S dt.... 48 * 8* 8* 8* 8* 8?a have all the information needed— to determine what
a ao nB n ., 4 0 hy . 48
dm e * 8iga * 6
a
6
6
6 8
0&
q
8
8
8
8 q rates would be right; “ the two judgm ents/’ he says,
8
8
o
of
8
8
HidlmrsOo.i 6iga * 48* B
e elbeh
8
8
6 8
0
0
0 8
8
slhe so , Ic*-4 0dt.... 48
S hy , 6
8
8
8
8
8
8* 8* 8 * 8* 8* “ are inseparable.” In other words, the Commission
8
6
6
6
8
6
6 8
0
n ia dF re ,.. j | n 48* 8* 8* 8* 8* 8*
a r re * ig tf.! 48
8
8
8
8
8
8
8
8 8
Mrc a t*a* )jS0h y . *8* 8* 8* 8
e h n ’ ... ig a
aa
6
6
6 8
6
6
6 8* 8* having obtained enough facts to pronounce a decision
of Cn dB. 8 d * 48
t.... 8
8
8
8
8
8 of unfairness with reference to a certain existing rate,
8
8* 8
8
The market closed at 4 85$ @ 4 85$ for long, 4 87|@ it has all the material requisite to reach a correct
4 87$ 'for short and 4 88$@4 88f for cables. Com judgment fixing upon any other rate, high or low.
mercial on banks 4 84f @ 4 84$ and documents for pay
Such an assumption is unquestionably defective and
ment 4 84$ @4 85$. Cotton for payment 4 84$ @ 4 84$-, illogical. Even leaving out of consideration the dif
cotton for acceptance 4 84f@ 4 84$ and grain for ference between a tentative decision of the Commis
payment 4 85f ® 4 85$
sion, as now authorized, and a quasi-absolute one to
The following gives the week’s movements of money be established under the amendments if passed—
leaving that difference out of the questioa, we should
to and from the Interior by the New York banks.
still have to take issue with the Professor’s statement
Sfit Interior
by Shippsd by
W uk Ending May 2 92
,10,
1. r . Banka. iVT. Banks. Movtmsnt. that “ the same knowledge which prepares the Com
S
T
.
C rren .,.................
u cy
1.89 0 $,90 0 Cin $,49 s mission to pronounce a rate unfair prepares it also
6 4,00 4 8,00 a , 1 1A
Q oU ...............
1,00 a . 7
1 2.00 94 0 Gin 10-m to determine what is fair.” Bear in mind that the
,10 0
Tta g lda dle a te d rs... $ ,49 0 * .84 0 Gin * ,56 3
o l o n gl ne
7 0,00 5 7,00 a . 1 9,00
subject under discussion is inter S ;ate rates— not a
Result with Sub-Treasury operations :
simple but a complex problem— involving about as
K u Chants »
* many differing factors as there are possibilities of
in to
out 0
}
WkEnding May 2,1902
w
Banks.
Bn * Sank Holdings
a k.
Bn s in rio mv mn a a o e *7,409,000 *6,874.000 Gin *1,593,000 rates and changes in situations. We are aware that
a k te r o e e t, s b v
a.
B b re s r o e tio s............. 16,800,000 21,800.000 1 8. 6,000,000 the proposed amendments to the law assume to intro
n -T any p ra n
,08
T 4 O *)
9
Tta g lda dle a te d r* 123.709.000 «£‘\ *7 OO 109 #8,405,000 duce this impossible method; but that attempt is not
o l o n g l n e ...

May 3, 1902.]

THE CHRONICLE.

by any means the only incongruity or the chief
among the incongruities those amendments contain.
We hardly need to impress upon the reader the added
seriousness which would attach to the idea Professor
Bascom suggests after the amendments are passed.
As the Inter-State Commerce Law now stands, a de
cision and an order, when the evidence is all in, is
not final, because the railroad affeoted can file a bill
and obtain an injunction suspending the enforcement
of the order until the case is tried and the Court pro
nounces the order just. That method is strictly in
accord with equitable principles— not to allow a
man's property rights to be foreclosed until after
judgment, or, in case of a criminal proceeding, until
he has been tried and convicted. No such regard for
a railroad stockholder's property will be permissible
under the proposed amendments. We do not intend
at this point to discuss them, but shall do so
shortly. The Professor does not directly consider
them, but he adopts and clearly interprets their
spirit in the remark he makes that “ the entire
efficiency of the Commission, the value of its services,
depends on the directness and speed with which this
conclusion, the right rate, is secured." That, we say,
expresses the spirit of the amendments, and the fact
is noteworthy that it is the very same argument which
is always used in those districts of the country where
they hang men first and try them afterwards.
“ Speed" in applying the penalty is, they'tell us, the
required course for public safety; it is better for the
community that a few innocent men should die rather
than a guilty one should escape. We are thankful to
say such is not the kind of law which is in favor where
we live, nor is it the kind of law ^likely to swayphe
judgment of our highest court.
Perhaps some will say we have not done Professor
Bascom's argument full justice in assuming that a
need for “ directness” and “ speed" is the ^basis of or
excuse for his plea. It may be we ought to state that
he does urge further that the arbitrary law ^advocated
is a righteous judgment for crimes committed; “ the
intolerable wrong," he says, which it|is the purpose
of the law to punish, “ has arisen from the action of
railroads themselves.”
“ Their unjust] discrimina
tions merit” these unusual measures. Suppose we
admit the correctness of the charge, that a large
number of roads have at times been amenable to the
accusation— is that any justification for the enact
ment of a law that carries with it, as we shall presently
show, the power of confiscation ? Peradventure there
be some that have not been culpable. Must we take
away from the righteous also a free and unobstructed
way to the courts ? Besides that, remember that
the matter at issue is not a question that concerns
primarily the officers of the railroads— it is the stock
holders who are the parties in interest; they are the
ones whose property is to be confiscated— the men
and women who by hard work have been able to be
come the possessor of perhaps ten, twenty or a hun
dred shares in a railroad company. They certainly
have rights, and when Congress puts up barriers in
the way of a free access to the courts, it is robbing
them under the plea of retributive justice for the un
pardonable crime of discrimination of a management
or perhaps of its freight agent.
But passing these matters, let us look at the pro
posed law now before Congress and see what our
critics are presumed to be advocating. We will take
the bill introduced in the House of Representatives

911

by Mr. Corliss January 9 1902. It is well enough to
base our remarks on that bill, because it was the first
that was introduced in either House of Congress at
the current session; because also the same bill about
a month later was introduced by Mr. Nelson in the
Senate; and because the House is now taking evi
dence with relation to the matter. The Corliss bill is
a modification of Mr. Bacon's measure— the bill intro
duced into the previous Congress and the only one we
had before us when we first wrote on this subject in
February last. A few preliminary words seem to be
desirable with reference to the Bacon bill; by that
means all who are interested may have in outline the
genesis of the measure now holding the foremost posi
tion on the subject. Be it known, then, that the Ba
con bill was prepared by the Executive Committee of
the Inter-State Commerce Law Convention held at
St. Louis, of which Mr. E. P. Bacon of Milwaukee was
and still is Chairman, and it has ever since been known
and spoken of in the daily press and in magazine arti
cles as the bill which Mr. Bacon prepared. He was
helped in its preparation by one or more members of
the Inter-State Commerce Commission, and it re
flected quite truly, we think, the ideas expressed in
the Inter State Commerce report advocating the power
to make railroad rates and reflected also the senti
ment of the speech which one of the Commissioners
made a month or more ago.
It is worth remarking also that Mr. Bacon and his
committee, so far as we know, form the center of the
only force that has been or is pushing the matter of
endowing the Inter-State Commerce Commission with
rate-making power, or has given vitality to any move
ment in its behalf, other than the log-rolling the
Inter-State Commerce Commission has been doing for
itself. Months ago he solicited the co-operation of
“ the commercial, manufacturing and mercantile or
ganizations of the country," and secured the ear of a
sufficient number of them to enable him and his com
mittee to raise a fund of $5,000 to keep a representa
tive in Washington during the current session of
Congress “ to look after the work and secure the at
tendance there of prominent men from different sec
tions of the country;" and this was done in order
that they might “ exert their influence on members
of Congress in favor of the proposed legisla
tion at such time
and in such manner as
will, be most effective." We take the above
from a letter of Mr. Bacon’s dated November 26
1901, written by him just before Congress assembled
In the same letter he also stated “ that a delegation
organized by his committee had a conference with
President Roosevelt on the 9th of October last with a
view to securing a recommendation in his forthcoming
message to Congress of the desired legislation, the re
sult of which was highly satisfactory.
There is good
reason to believe that he will recommend it and give
it his active support.” In another letter dated the
18th of December, after Congress had come together
and he had studied its attitude, he writes “ that no
legislation in this direction can be secured without
bringing to bear upon members of Congress of both
houses the direct influence of their respective con
stituents.” “ This can be accomplished by the passage
of suitable resolutions,” by commercial organizations,
“ by securing the cooperation of the local press," and
by the writing of personal letters to members of Con
gress, Senators, as well as Representatives, urging their
active support of the bill.”
“ Later it will be deBir-

912

THE CHRONICLE,

able to send delegates to Washington to oome into
personal touch with members of both Houses and
awaken their interest in the measure."
The foregoing facts throw special light on our sub
ject because there is no method which will yield
such good results in exposing the real character and
animus of an undertaking of the kind we are
reviewing as a study of what the chief advocates
of the measure have done and written in further
ing it. Mr. Bacon has been more busy in get
ting this legislation up to Its present condition
than any other individual. He has not only pushed
the matter in the manner set out above, but he has
published his views at length advooating it. Evi
dently, judging from his published opinions, he thinks
railroads have very few rights that any one need re
spect. If he were granted the power, we must as
sume that he would take away the ability even to pay
regular dividends, and would give the roads’ no oppor
tunity to develop. In an article in the “ North
American Review” for January he asserts “ that ex
isting railroad rates are higher than is necessary
to afford a suitable return on the capital
invested in railway property.” “ This,” he says,
“ is apparent from the fact that the net earn
ings of the railways of the country, as shown
in the annual report of the Inter-State Gommerce Com
mission for the year ending June B 1900, the last
O
fiscal year for which returns have as yet been compiled,
after paying interest on their funded debt and* divi
dends on their stock aggregating $118,624,409, pro
duced a surplus of $142,754,358, an amount actually
over twenty per cent greater than the sum paid out
in dividends.” A little lower down he goes on to say
— “ by what right the railway corporations of the
country levy a tax on the public for funds with which
to make permanent improvements which add to the
value of their property and in addition thereto pile
up a surplus to further enhance the value of their
stock, the present writer is unable to determine.”
Then he closes with these strenuous words— “ The
entire surplus first above mentioned, over one hundred
and forty-two million dollars, was wrongfully wrung
from the pockets of the people during the year.”
In a previous paragraph of the same article he like
wise wrote— “ If consumers * * are to be pro
tected from the rapacity of the common carriers of the
country, it must be accomplished by a body organized
by the Government for the purpose, with due authority
to administer equal justice between the two opposite
interests.”
To make the foregoing intelligible a few more fig
ures must be added to those given above by Mr. Bacon.
It will be observed that Mr. Bacon says $118,624,409
was paid out in dividends and that a surplus was left
over after paying these dividends of $142,754,358 in
the year 1900. The only inference the reader could
draw from that statement is that the same railroads
which paid the dividends referred to had the left over
surplus of 142f million dollars. That is not the truth.
The stock on which the dividends was paid, the report
says, was $2,668,969,895; there was outstanding at
that time other stock to the amount of $3,176,609,698
on which no dividend was paid; and the surplus over
the dividend mentioned ($142,754,358) was a surplus
made up from returns which included the whole
$5,845,579,593 stock—that is, the whole body of roads.
But passing that error, suppose the reader should
try to conceive in what shape our railroads and our

[V ol, LXXIV,

country would be in to-day if the railroads had been
managed according to Mr. Bacon's wisdom. He says
he would reduce rates below those prevailing in 1900
if he had the power, although not half the existing
capital received dividends that year; he also asserts
that a railroad has no right to earn a surplus or to use
such funds for progressive work. Have in mind that
this is a very large, new country, and that our rail
roads of necessity were built at first in a primitive way,
like our turnpikes, starting from a corduroy road and
working up. Suppose the railroads had progressed
only as fast as they could borrow money for the pur
pose^—would one half of the lines we now have have
been constructed up to this date? Could more than
one half the country have been opened and populated
— that is, raising wheat and corn and other products
to-day? Perhaps Mr. Bacon could tell us. Population
would not go where it could not have railroads to
get its crops to market. It is easy to borrow money
when the owner of a property year by year puts large
value into the property and develops new tributary
territory with capital he himself furnishes. But it is
quite a different undertaking to borrow for such a
purpose if one has no resource of Ms own to pnt with
it. Had Mr. Bacon been Railroad Commissioner and
had his advice been followed in the formation of onr
statutes so that he could have enforced Ms policy of
requiring borrowed money for all permanent improve
ments, he would have kept the United States a lag
gard among the nations of the world. Then, too, it
would make an interesting study to investigate the
other side of the problem and determine what rates
for freight would have been required to pay the inter
est on all this borrowed money! Or bring the matter
down to 1902 and enforce such a policy from this day
forth on our whole system of roads, stopping every
permanent improvement, every new railroad enter
prise except such as could be carried forward with
borrowed money—it is our belief that three-quarters
of the work that is being done now would on that
basis thereafter be held up.
It seemed needful to bring forward these facts with
relation to Mr. BacoMs measure and views, because his
original bill has been set aside, having excited strong
opposition, and a new one has been put in its place. It
prepares us to study what is proposed now and to un
derstand the spirit which has brought forth the new
device. We can only discuss to-day the changes It
will introduce relating to the grant of the rat8-making
power to the Commission. Those provisions are no
worse than some other parts of the bill; they enable
one, however, to see how adroitly the purpose of the
Bacon hill is attained under apparently a more liberal
garb. It is claimed for instance that the order of the
Commission does not under these amendments become
operative until passed upon by the courts. Let us
see what is meant by that claim. The provisions
referred to are found in the amendments to Section
Fifteen of the Inter-State Commission Act.
According to them, the first step in the proceeding
against a railroad is the petition specifying a viola
tion of the Act. A f ter that has been filed the hearing
is had before the Commission. Then follows the de
termination by the Commission. The amendments
make this threefold— (1) as to the rate violated, (2) as
to what rate for the future should be observed, and (3)
the issue of the order directing that the defendant
company or companies observe the same. If the order
changes the relation of rates between companies, those

May 8, 1902.]

THE

CHRONICLE.

companies have the opportunity within the next ten
days to oome to an agreement in respeot to the d i
vision of the joint rate; if no agreement Is reached
within that time the Commission fixes the proportion
of each company “ to be observed for the future."
Then an order is issued, called a “ definitive order,”
specifying that the rates named will take effect “ in
not less than twenty days.” “ Within twenty days from
the service ” “ any defendant may review said order
by filing with the Circuit Court of the United States
for that district in which its principal office is situated
a bill in equity.”
Within fifteen days thereafter
the Commission shall file a complete certified copy of
the entire record in such case and the Court shall
thereupon proceed to hear the same upon such record.
Up to this point notice the sharp, short, arbitrary
nature of the proceeding. Eemember in doing so, that
the defendant railroads are probably companies o f
large capital, having stockholders almost everywhere,
managed by men of eminent ability in railroad affairs,
and of high standing in the community. Y et the
foregoing proceedings are all in the hands of the Com
mission; it conducts the hearing, has everything to do
'With the taking of evidence, and the record on which
the trial is to proceed is made up by it. The animus
of the Commission is fully understood after reading
the facts we have already set out. It would, if it had
power, cut down railroad rates below those of 1900,
make the managers borrow all the money needed fo r
permanent improvements, and produce the business
stagnation that would necessarily follow. There is no
more reason wby the Commission, with such a bias,
should conduct the hearing, take the evidence and
make the record for trial, than that the defendants
should. The truth is, if justice was the end sought,
the hearing would be before the court or by a
referee appointed by the court and acting under the
rules of the court, and the case would be settled by
it in an orderly fashion.
But let us proceed. This record having been filed,
the proposed amendment goes on to state— “ in case
either party desires to submit further testimony, and

such testimony could not reasonably have been pro
duced before the Commission,” the court “ may in
struct”
*
*
*
“ the Commission to take and
certify up such testimony.” We should call that a
contrivance for suppressing truth. Who ever before
heard of such a provision in any legal instrument ?
Why should any facts that couid contribute to disclose
the condition of affairs and aid in reaching a righteous
judgment be omitted ? Why should it be necessary
for the
defendants, before they are allowed
to introduce any added proper evidence, to prove
that “ such testimony could not reasonably have
been produced before the Commission ” ? It seems
that we are forced to understand by the char
acter of this provision that the aim of the law is
to shut out as many facts bearing upon the issue as
can be done. This conclusion Beems to be inevitable
when we remember what the decision and order of the
Commission cover. They not only include its determi
nation whether the existing rate is a violation of the
statute, but in case that is so, it also determines what
rate is to be observed in the future. We have already
shown the wide field for inquiry the latter determina
tion opens and how varied the relations and circum
stances bearing upon it are. For a law to assume
that a defendant company could anticipate what was
to be the conclusion of the Commission as to a future

913

rato, and could have put in its evidence bearing
upon those matters before the rate was announced, iB
absurd, and shows the animus of the bill. Evidently
the object of the provision was to have just as little
light as possible before the court on this issue of the
future rate.
There are many other equally instructive features
in this remarkable proposal for amending the InterState Commerce Act. We can only find space to notice
one other point, and that is the claim put forth that
the Corliss amendments give the defendant railroads
opportunity of a stay of proceedings while they test the
Commission's order and get the determination of the
court as to whether it is just or not. The paragraph
containing and defining this so-called stay is ai
follows:
(A m ending the F ifteen th Seetion.)
The filing of a petition to review an order shall of its e lf
suspend tbe effect of such order th irty days, and the court
before w h ich the sam e is pending m ay also, if upon an in 
spection of the record it p l a in l y appears that the order
proceeds upon some error of law or is u n ju st and unreason
able upon the fa cts and not otherw ise, suspend the operation
of the order during the pendency of th e proceedings in r e 
v iew or u n til further order of the Court.
Either party m ay w ith in th irty days appeal from the
jud gm en t or decree of the C ircuit Court to the Supreme
Court of the U n ited States; but such appeal shall n ot operate
to stay or supersede the ord er o f the C ircuit C ou rt,

(A m ending th e Sixteen th Section.)
A definitive order w h ich has becom e operative by its term s
and has not been suspended or vacated in the m anner sp e c i
fied in the preceding section shall be ob liga tory upon and ob
served by the defendant ca rrier or ca rriers against whom it
is made, Provided th at w h en a carrier has actu ally o b 
served said order for th e space o f two yea rs i t sh all no
longer be binding upon said carrier.

In the foregoing we have the whole of this muchtalked of stay of proceedings. What does it amount
to ? A stay of thirty days and no more. But it may
be asked, is not the court authorized to prolong it ?
N o; substantially no. The only exception is, if on
inspection of the record it “ 'plainly appears” that the
Commission has no case, the court may make a fur
ther order. Of course that will never occur. The Com
mission makes the “ record,” and we think it can be
trusted to so frame it that it will hold water. But if by
some oversight it should so happen that the Commis
sion finds itself “plainly” unsupported by the “ record,”
it will allow the order to be vacated, and will use a
privilege granted in a previous paragraph of the bill
to “ malce a neio order without further hearing” (see
page 6 of the A ct, lines 5 and 6). We see no escape
from the conclusion that these amendments as they
stand are merely a series of traps set to catch rail
roads, partly concealed so that the bill might wear
the appearance of being more liberal than Mr.
Bacon's.
We said in opening that the granting of the rail
road rate-making power to the Inter-State Commerce
Commission was prejudicial to national morality;
tended to rob railroad investors of their capital;
risked a return of industrial prostration; and exposed
the whole body of wage earners to great loss. We
repeat these words, though we have not the space
now to enlarge upon them at length. Of course it is
not assumed that any one of our railroad Commission
ers to-day in office is dishonest; but see what a tempta
tion to dishonesty this bill if passed would hold out to
any set of men who, by obtaining the appointment of
Commissioners, could secure control of that body. Our
railroads represent approximately a capital of eleven
thousand million dollars, half stock and half bonds, and
an annual gross income of 15 hundred million dollars.
The Commissioners under the amended bill could

914

rHB CHRONICLE

begin proceedings and threaten to continue them
until they had saddled the road with a low rate. The
road would know—granting the law was constitu
tional, which we doubt— that a rate could be named
and enforced for two years which would injure it ma
terially if not bankrupt it. To show how easily this
could be done it is only necessary to remember the
trilling difference there is to-day between a rate that
is profitable and one that is unprofitable. Under
such a threat on one side, and with the management
and the stockholders on the other acting under the
impulse of self-preservation, what would happen we
need not say.

THE OCEAN TRADE SITUATION.
Without discussing at present the plans of the in
ternational shipping combination, which are appar
ently not yet sufficiently completed for analysis, it will
be worth while to review the situation which made the
movement possible. Like the steel consolidation, this
movement was not an accident. In the merger of the
steel manufactories the motive clearly was to provide
some means by which an outbreak of competition, so
aggressive and violent as to injure all participants,
could be averted..
It will be recalled that, in the year before the
United States Steel Corporation was organized, pro
duction showed some signs of outstripping consump
tion. Unsold stocks of iron had risen from 127,346
tons on January 1 to 670,531 at the close of Septem
ber. Weekly production of iron and steel had been
at first curtailed, but at the opening oE 1901 was
again expanding. Several of the huge compa
nies which were then engaged independently
in the various branches o f the business be
gan to make demonstrations towards the invasion of
one another's territory. This movement culminated
in the famous announcement of Mr. Carnegie
that he would build a tube mill at Conneaut and enter
the field of the National Tube Company. The upshot
o f the whole affair was the gathering of all these com
panies under the domination of the United States
Steel Corporation. This is the story of the consolida
tion as it will hereafter be related in industrial
history.
It has not, perhaps, been equally well known how
closely conditions of the ocean freight trade during
1901 resembled those of the steel trade during 1900,
In the first place, the enormous production of new
vessels (merchant and other vessels—not war-ships)
should be noticed. T o such a movement the records
of the British shipyards give the safest guide. Prior
to 1898 the largest tonnage built in any year of
British history was 1,333,000 tons, in 1889; as lately
as 1897 the output stood as low as 952,000 tons. The
movement during a series of subsequent years may be
thus summarized from Lloyd's reports.
1898.
1897.
1898.
1899.
1900.
1901.
No. ships. 696
591
761
726
692
0S9
Tonnage.1,159,751 952,486 1,367,570 1,416,471 1,442,471 1,524,739

It will be observed that, although there has been
much irregularity in the number of vessels produced
during recent years, the total carrying capacity has
been continuously enlarged. On this point the Lloyds
figures for last year were ^striking. They showed
that whereas the steamers of 4,000 tons or more
launched in the United Kingdom numbered 37 in
1892, 50 in 1895 and 83 in 1898, the number rose to
125 in 1900 and to 140 in 1901. This was a highly

[VOL. LXXIV.

important element in the situation, particularly since
the figures cited above exclude all war-ships.
In 1897, as shown by the figures of the same au
thority, the whole world's output of new ships was
1,331,000 tons. In 1898 it rose to 1,893,000, in 1899
to 2,122,000, and in 1900 to 2,304,000. Last year the
total rose to 2,617,000 tons. Iu other words, the in
crease foutside of Great Britain during this period
was greater even than that at the British shipyards,
both in ratio and in aotual amount.
Now, the peculiar fact of this immense new con
struction was that the normal requirements of mer
cantile trade did not keep pace with it. Increase in
the foreign trade of nations was, to be sure, enormous.
To take but two instances, the outward and inward
trade of the United States in 1900 was valued at
$2,307,095,000, as against $1,687,416,000 in 1896;
Great Britain's total being $4,390,920,000 in 1900 and
$3,690,640,000 in 1896. That other nations— Ger
many in particular— made similar increase in its for
eign trade, is sufficiently well known. Yet even these
very large figures show no such ratio of increase as
the new ship tonnage launched.
The reason why reaction in the movement was so
long averted has been rather commonly ignored. We
may give some inkling of it by citing a London re
view of the ocean freight markets of 1900. It was
thus stated:
“ The steamers employed in the transport of troops,
horses, mules, etc., have approximately been 2,000,000 tons. This total includes the tonnage of
vessels employed for more than one voyage and is
nearly equal to the total steam tonnage of Germany
(which country ranks next to our own in steam ton
nage), and is nearly double that of Prance."
In addition to the requirements of the South African
campaign, the transfer of troops and stores to China
had called on the mercantile marine. Now, the pe
culiar nature of such a situation m ist be obvious.
The Boer war was not over in 1901, and is not over
yet. But the feeling was general that an artificial
element bad played a part in the situation. Conse
quently the first sign of any slackening of demand in
another quarter was bound to have more than the
usual effect. Such a slackening cam8 in 1901, during
which period England's foreign trade contracted vio
lently, with a still more rapid shrinkage in Germany.
The shortage in the American com crop followed,
and the decline in many lines of heavy outbound
freight from this country.
The consequences were
very striking. Ocean freights from this port on grain
declined as much as 5 cents per bushel.
In
several directions
rates on England's freight
routes to transoceanic countries brok8 no less
than 30 per cent from the year before.
In the
autumn it became a familiar story for first-class ships
to clear from our Eastern harbors half in ballast. It
was said in the grain trade that on one occasion $18,000 was paid to cancel a charter for a large ocean
vessel entered on at the rates of six months or so be
fore. The experience of a German grain importer who,
finding his market disadvantageous on the arrival of a
vessel from America, was able to keep the wheat on board
during the vessel's trip to America and back on lower
terms than the German storage warehouse would al
low him for land storage for an equal period,
was the year's most picturesque illustration of the
state of things. As to what happened to the profits
of well-known ocean carriers, this season's heavy out

May 3, 1902.1

1It H
i

7 T T
T T

ascertained however in the London “ Country” ClearHouso that in 1881 the average amount of those
documents passing through that establishment was
less than £25, and twenty-five per cent of them was
for under £5. Since that year the tendency has been
to use this mode of payment for still smaller sums,
and there can be no doubt that the average is now
much less than it was in 1881. Until 1832 the Bank
of England did not allow checks to be drawn upon it
for less than £10. In that year the limit was reduced
to £5, but not until 1854 was it legal to issue checks
for less than £1.
It is stated that a few London bankers are in favor
of the increased stamp duty because it will tend to
diminish the number of small drafts upon them.
That is certainly not the disposition in Manchester.
A manager of one of the leading banks in this city
said a few days ago that he was opposed to any such
THE BRITISH BUDGET PROPOSALS AND reduction, that he thought it advisable to encourage
THEIR RECEPTION—THE E X T R A CH ECK
the payment of small amounts in this manner, and
D U T Y — THE C R A IN AND FLOUR D U T Y *
that he himself made a regular practice of discharg
M anchester , April 23 1902.
ing debts of even only a few shillings by check. Un
In attempting to form an estimate of the reception less the exemption of such minute drafts from the
by the British public of the Budget proposals increased duty is granted, the business of branch banks,
submitted to the House of Commons two days of which there are enormous numbers in England and
ago, the cardinal fact to be borne in mind is Scotland much used by private persons and retail
that the whole country recognizes the need for tradesmen—their business will certainly be much
increased revenue and is conscious of the" im curtailed.
possibility of raising an adequate amountj'byjlenlargThe re-establishing of the old “ registration” duty
ing the rates of taxation on the existing bases alone. on grain and its products is the most disturbing and
Some new sources of national revenue must be found. debatable feature in the Budget proposals. Its an
Those selected by the Chancellor of the Exchequer nouncement was welcomed by the “ Fair Traders,” as
meet with opponents, of course. Every new tax hurts the Protectionists in the House are called, with bois
somebody, and, except in rare cases, men grumble less terous cries of delight. There are unmistakable signs,
at a moderate addition to a tax which they are too, that it is received as a promise of greater things
accustomed to bear than at an equivalent amount by those at home and in the Colonies— especially in
drawn from them by a novel imposition. The criti Canada—who have long desired to see an Imperial
cism of the new departures made by Sir Michael Hicks Customs arrangement based upon the principle of
Beach is not founded, therefore, upon the fact that mutual tariff preferences as between the several por
they take more money from the pockets of the people, tions of the Empire. They think that this duty on
but upon other issues.
grain stuffs will accustom the British public to the
The doubling of the stamp duty on checks, divi tolerance of a small degree of protection, and that
dend warrants and sight bills is regarded not so much this duty can hereafter be used as a precedent j astifyas the increase of an old charge as the creation of a ing the Imperial fiscal policy on which they have set
new one. The penny stamp may be described as the their minds. The cable already brings us the com
unit of indifference.
Nobody ever thinks of the ments of Canadian advocates of this policy that the
amount when drawing an order upon his banker, not way is now tolerably clear in the direction of exempt
even the poorest man who possesses a check book. ing colonial grown grain from the “ registration”
But not he alone will now be constrained to cease duty.
paying small sums in this manner if the two-penny
They probably misinterpret the absence of any pro
stamp be insisted upon. Well-to-do people in large nounced opposition to the,grain duty in the House of
numbers will use coin for this purpose, and it may be Commons and in the country generally. If it had been
that checks will circulate to a much larger extent brought forward at any other time than one of admit
than they now do instead of being paid immediately ted financial pressure, it would have met with wide
into the recipient's bank. There is consequently the spread and instantaneous condemnation. Even now
prospect of a vary small increase or no increase at all there are unmistakable signs of disapproval from
in the receipts from this portion ?of the stamp duty. many quarters. The Manchester Chamber of Com
Sir Michael Hlcks-Baach has promised to consider, merce, for example, has forwarded to the Chancellor
and if possible remove, the objections to this part of of the Exchequer a protest against the duty on the
his budget at a later stage, and it is thought likely ground that it is an infraction of the fiscal principle,
that he will exempt checks and like instruments long regarded as settled in this country, that no tax
from the added duty when they represent a value of must be levied upon an imported commodity unless
£2 or under.
the National Treasury receives the whole of the
It will probably be surprising to American readers benefit accruing from its imposition; that is to say,
to learn how small is the average amount for which unless an equivalent excise duty is placed upon com
checks are paid in this country. No statistics throw peting home productions. Numerous other public
ing light upon this subject are available— at all events bodies, including the great co-operative distributing
in the Manchester Bankers' Clearing House. It was societies, have also objected to the revival of the grain
*
aA by oar Special C
orrespondent at Manchester.
duty. A considerable proportion of the farmers, too,
In the dividends of German and English steamship
companies has been sufficient evidence. The London
review, from which we have alroady cited, ended the
year with the observation that “ a little of tho spirit
of combination, which has been so prevalent during
the past year, and appears to be possible in every other
industry, might with advantage be extended amongst
shipowners.”
This, briefly summed up, is the situation which was
taken in hand by the recent striking negotiations.
When it is considered that the end of the Boer War
is momentarily expected, and that the two million
tons of shipping above referred to as engaged in
military transport would gradually be released for
competitive mercantile business, the motive of the
shipowners is not difficult to discern.

THE CHRONICLE

916

are opposed to it on the ground that it increases the
coat of the cattle food which they have to buy.
This last consideration Is significant of the great
change which has come over British agricultural in
dustry since the days of the Corn Ltwa. Yery much
the largest proportion of the cultivated area is de
voted to grazing or to the growth of roots or other
cattle food, including hay-grass and miscellaneous
crops, and an enormous amount of maize or other im
ported cattle-feeding grain is used by British farm
ers. In so far, therefore, as the new duty will be
protective, it is of vastly less importance to the agri
culturalists and landlords than it was even just before
the abolition of the “ registration” duty, the equiva
lent approximately of the present one in 1869. The
schedules defining the particular commodities placed
within the scope of the tax, issued yesterday, run as
follows.
S c h e d u l e i „ ch a rg eab le a t 3d. a c w t.—W heat, b a rley , o a ts, r y e,
m a ize, b u ck w h ea t, b ear or b igg, p e a se (not green ), b e a n s (n ot k id n ey
or F ren ch ), lo c u s t b e a n s, le n tils an d rioe.
Sch ed u le I I ., ch a rg ea b le a t 5d. a o w t.—F lou r a n d m e a ls of an y o f tb e
a r tic le s in S ch ed u le I., sta rch , arrow root, o a ssa v a p ow d er an d ta p io c a ,
p o ta to flour, sa g o , a n d p rep a ra tio n s o f a n y o f th e a r tic le s In eith er
sch ed u le.

[Y ol.

l x x iy

.

that the only issue o f the bonds o f this county has been
bought by the State fo r the University o f California fund,
and school funds are^exempt from taxation; therefore the
bonds are not taxed.
A t the general election o f ‘N ovem ber next there w ill com e
before the voters o f this State an amendment to the State
Constitution exem pting from taxation the bonds o f the State*
its counties, cities, m unicipalities, school districts, etc. It is
a proposition that interests not only banks and investors in
California, but is also o f m om ent to the political subdivisions
that issue bonds.
Because such bonds are su b ject to taxation they theoretic
ally have to bear a rate o f interest equal to that with which
investors are content plus the rate o f taxation; in fact such
excess in the rate o f interest is not sufficient to cover the tax,
but is yet m ore than the bonds w ou ld have to bear if they
were not su bject to taxation, and because o f the tax the
com petition fo r their purohase is lim ited, as a rule only a
fe w Eastern bond dealers bidding therefor.
It is probably known to you that the bonds o f quasi-public
and other corporations o f this State are, under a decision o f
our Supreme Court, exem pt from taxation, fo r the reason
that the bonds represent nothing m ore than the assets o f the
corporation, and such assets being taxed, to also tax the
bonds w ould be double taxation; so that we have the anom
aly o f a State taxing its ow n b orrow in g power, but exem pt
ing that o f its creatures.
V ery truly,

Parliament has adopted the proposal'of the Chan
R , M. W e l c h , Secretary,
cellor of the Exchequer by a majority of 283 to 197.
The following is the full text of the proposed Con
Its adoption may possibly be regarded abroad as more
stitutional Amendment to which Mr. Welch refers in
significant than it really is. It does not mean that
the foregoing.
the country has abandoned its traditional fiscal policy,
C H A P T E R X X X IV .
bnt that, impressed by the need of raising additional Senate C on stitu tion a l A m en d m en t N o. 3 , to p r o p o se to the p eop le o f the
revenue and by the desirableness of getting some of State o f C a lifo r n ia a n A m en d m en t to the C on stitu tion o f the tilale,
a m en d in g A r tic le T h irteen , by a d d in g a new sectio n thereto, to be
it by a tax to which everyone must contribute some k n ow n as S ection N u m b er One a n d T h ree-fou rth s rela tin g to the e x 
thing, it has accepted this particular tax because it em p tion f r o m ta xa tion o f all bonds issu e d by the Slate o f C a lifo r n ia >
o r by a n y cou n ty, city, city a n d c o u n ty , tow n, m u n icip a lity , m u n icip a l
is light, and in the absence of a better proposal.
corp ora tion o f a n y sort, or d istrict (in c lu d in g school, recla m a tio n and,
ir r ig a tio n d istricts) w ith in sa id Stale.

TAXING CALIFORNIA MUNICIPAL BONDS.
The following letter, relating to
amendment to the Constitution of the
fornia, so as to exempt from taxation
that State and its municipalities, will
to many of our readers:

the proposed
State of Cali
the bonds of
be of interest

Ca lifo r n ia B an k er s ’ A ssociation , )
Sa n F rancisco , A pril 26, 1902.
f

Commercial and Financial Chronicle, N ew Y ork City :
In your S tate and Cit y Supplem ent to your issue of
12th inst. you set forth the debts and resources o f the State,
counties and m unicipalities o f California, and as to certain
issues o f sundry o f the counties and municipalities yon refer
to the bonds as being free from, taxation. This is in a degree
inaccurate and ;misleading. Such bonds are free from taxa
tion in the sense that when the coupons are paid nothing is
w ithheld to cover a tax on the bonds, bnt in the hands o f
investors the bonds are su b ject to assessment if they can be
located by Assessors. F or this reason banks, insurance com 
panies and sim ilar institutions o f this State that are under
the control o f State comm issions and have to disclose their
holdings are unable to invest in this class o f bonds, fo r the
bonds w ou ld be assessed to the holders at their face value,
and after paying the tax that w ould be levied thereon, rang
ing from
to 2 per cent, the incom e left w ould he trifling.
The bonds are therefore bou ght alm ost exclusively by bond
dealers outside o f C alifornia, or by such investors as are
able to conceal their holdings fro m the Assessor,
R eferrin g specifically to several o f the connties and m unici
palities, under Alam eda City you say: “ A ll bonds o f this
city, except the four per cent, school bonds, are exempt
from taxation.” I have been able to refer this statement d i
rectly to an officer o f Alam eda City, and he says most
em phatically that such is not the case; that the bonds o f
A lam eda City are sn bject to assessment fo r taxation if they
can be located by an Assessor in the hands o f any person
residing in this State,
U nder Glenn County you say: “ A ll bonds o f this county
are exem pt from taxation.” This is true, but fo r the reason

(A d o p t e d M a r c h 8, 1901.)
R e so lv e d b y th e S en a te, th e A sse m b ly co n cu rrin g, T h a t th e L eg isla 
tu re o f th e S ta te o f C a liforn ia, a t it s reg u la r sessio n , co m m en cin g
on th e se v e n th d a y o f J a n u a ry , n in e te e n hu n d red a n d o n e , tw o th ird s o f a ll m em b ers e le cte d to ea ch H o u se con cu rrin g , h ereb y p ro 
p o ses th a t A r ticle T h ir tee n o f th e C o n stitu tio n of sa id S ta te be
am en d ed b y ad d in g th e r eto a n e w se c tio n —to be k n o w n a s S ectio n
N um ber O ne an d T h ree-F ou rth s, w h ic h sh a ll read as fo llo w s, to w it:
Section 1%. A ll b o n d s h er ea fte r issu e d b y th e S ta te o f C alifo rn ia ,
or b y any c o u n ty , o ity an d co u n ty , m u n icip a l corp o ra tio n , or d istrio t
(ineludingL school, r ec la m a tio n an d ir r ig a tio n d istricts) w ith in said
S tate sh a ll b e fr ee an d e x e m p t from ta x a tio n .

IT E M S A B O U T

BANKS,

BANKERS

AND

TRUST

C O 'S ,

—The a action sales o f bank stocks this w eek aggregate 194
shares and o f trust com pany stocks 175 shares. Sales o f bank
stocks at the E xchange reached a total o f 2,547 shares in
consequence o f a well-defined rum or that a Stock E xchan ge
firm w h ich form erly transacted a large business in bank
shares w ould appeal to the G overning Committee for the
strict enforcem ent o f an article in the E xchange’s con stitu 
tion prohibiting members from “ dealing p u b licly outside o f
the E xchange in securities listed or quoted in the E x 
change.”
The transactions were all in the stock of
the National Bank o f Commerce, at prices ranging
from 367 to 390. On Tuesday the Stock Exchange tickers
printed an announcement that until further notice sales of
fractional lots o f bank stocks w ou ld be reported on the tape.
In the “ curb” market the new stock to be issued by the N a
tional City Bank was dealt in for the first tim e on Saturday,
The stock was sold “ when issued” and opened at 375; sales
were made later in the week at 365. Other sales were o f
National Bank o f Com m erce stock at 370 to 895, and stock of
the Trust Com pany o f the R epublic at 201 to 205. The bid
price fo r First N ational Bank stock advanced to 875 on Tues
day, as com pared w ith 820 last week ; but no sales w ere made.
Price.
B an ks —New York.
5 0 C itizen s’ B an k , N a tio n a l.......... 213h»
*2 557 C om m erce, N a t. B ank o f .......... 307-800
406*2-480
52 Corn E x c h a n g e B a n k ...........
6 0 G erm an A m erican B a n k .. .. .. . 157*a
2 M arket & F u lto n N a t B a n k ... aeot*
5 M ount M orris B a n k .................. 23941
*
25 P lie n ix N a tio n a l B a n k ............... 116 s
Shares.

Last previous sate.

Apr.
Apr.
Apr.
Mar.
Mar.
Apr.
Mar.

190219021902 1902 1902 1902
1902

227 ifl
SO?
-AtlO
's
185
305
238
1151*

TH E CHRONICLE

May 3, 1903.]
Bharat. T rubt Go m p a n ib b —IV. T
100 Atlantlo Trust Oo.....................
ft Holland Trust Oo......................
50 Republic, Trnst Oo. of the.......
20 Van Norden Trust Oo..............

Price.
31ft
133
210
260*4

Last previous sate.
Apr. 1 9 0 2 - 287
Apr. 1 9 0 2 - t38
First sale.
First sale.

917

his fifty-second year. The bank on Tuesday adojited reso
lutions com m em orative o f his services.

—A new financial institution to be known as the Mutua*
A lliance Trust Co., with a capital o f $500,000 and a paid-in
•All except 10 shares were sold at the Stock Exchange. t Closing
surplus o f the same amount, has been organized and it w ill
up its business.
—R. W . Poor, who was Cashier o f the Garfield National be located at 828 Grand Street, corner o f Orchard Street.
Bank, and w h o has been connected with the institution since Kalman Haas is President; H. M. Hum phrey, Vice-President
1888, has been elected President. W . L. Douglass, Assistant and Secretary, and Gustav Blumenthal, Treasurer.
Cashier, has been promoted to the position o f Cashier.
— Redm ond, K err & Co. have issued a pamphlet contain
—The follow in g announcement was made public by the ing the laws relating to investments o f savings banks and
Clearing House Committee o f the New Y ork Clearing House trustees in the State o f New Y ork; also a list o f the railroad
Association on Tuesday, and it was sent to every m em ber o f securities which, in the firm ’s interpretation o f these laws,
com e within their provisions. The pam phlet is intended fo r
the A ssociation:
gratuitous distribution.
I beg to hand you herewith, for your Information, the following
resolution unanimously adopted by the Clearing House Committee.
The preamble and first section were adopted at a meeting held April
21,1902, and the other sections on April 28,1902.
R e s o l v e d , that, aotlng under the authority given this Committee
by the amendment to the Constitution, adopted Oct. 14, 1890, and
further amended Deo. 21, 1896, the olrcular issued Nov. 6, 1899, be
amended to read as follows:
First.—No Institution shall be permitted to clear through any mem
ber of this Association unless such institution shall have been In
aotual operation for at least one year at the time of making the
application.
Second.—No institution shall be cleared by any bank member of
this Association until it shall have been examined by the Clearing
House Committee, or some other Committee of the Association duly
appointed for such purpose.
Third.—Every institution which hereafter may be granted permis
sion to clear through a member of this Association shall furnish a
weekly statement of its condition to the Manager, in the same manner
as weekly statements of non-members clearing through this Associa
tion are now rendered, or in such form as m aybe prescribed by the
Clearing House Committee.
Fourth.—Every institution which hereafter may be granted permis
sion to clear through a member of this Association shall be required to
keep in its vaults such cash reserve to its deposits as the Clearing
House Committee may determine. The percentage of such reserve>
however, is not to exceed that required of banks, members of the
Clearing House Association.
B y o r d e r o f W il l ia m A . N a s h ,
Chairman Clearing S ou se Committee.
W il l ia m S h e r e r , Manager .

These resolutions affect new banks and trust companies.
The first, second and third sections are similar to those
w hich were adopted by the Clearing House Committee Nov.
3 1899, w ith the exception that in the resolutions now
adopted the w ord “ institution” is substituted fo r “ trust com 
pany,” and the com pound w ord “ non-m em ber” is omitted.
The fourth section of the resolution, requiring the keeping o f
a cash reserve in the institution’s vaults, is new.
—On Saturday o f last week the National City Bank an
nounced the perfection of an arrangement w hereby it is en
abled to issue certificates representing British consols. Tfce
plan contemplates the'purchase b y the bank o f such consols,
w hich w ill be registered w ith the Bank o f England in the
jo in t names o f the Union Bank o f London and o f Baring
Bros. & Co. Against these coosols the National City Bank
proposes to issue certificates endorsed by the bank and by
the Farmers’ Loan & Trust Co. calling for certain specified
amounts o f the British security, w hich certificates will bear
the same interest as that of British consols, less expenses and
the British income tax.

—The Bergen & Lafayette Trust Company opened for
business on Monday in its tem porary quarters at 96 M onticello Avenue, Jersey City. The offices have been attractively
fitted up, and an auspicious start was accorded the com pany.
The officials, as already stated in these columns, are: W il
liam C. Heppenheimer, President; John P. Landrine, V icePresident, and George C. Smith, Secretary and Treasurer.
—The Marine National Bank o f Buffalo, w hich recently
changed to the national system, has taken over the B uffalo
Commercial Bank. The latter was organized in 1836, and
capitalized at $250,000. Its deposits w ere not far from
$3,000,000. Mr, Stephen M. Clement w ill continue at the
head o f the Marine National. In fa ct its entire roster re
mains as heretofore w ith but one exception—there are now
tw o Vice-Presidents instead o f one, Mr. Henry H . Persons,
w ho was President o f the Buffalo Commercial, being the new
appointee.
— Mr. H ugo Baring and Mr. G eorge D. H alloek have been
admitted to the firm o f Messrs. Baring, M agoun & Co. o f
this city, Mr. Cecil Baring retiring therefrom .
—The Am erican Bankers’ Association has adopted reso
lutions expressive o f regret at the death o f Samuel A . M or
rison, who at the convention o f 1900 was elected a m em ber
o f the Executive Council o f that organization. Mr. M orrison
was at one time Assistant Cashier o f the Fletcher N ational
Bank o f Indianapolis.
—The Franklin National Bank o f Philadelphia has in 
creased its semi annual dividend from 3 to 4 per cent.
— The Philadelphia National Bank o f Philadelphia, after
providing fo r its semi-annual dividend o f 5 per cent ju st de
clared, has added $250,000 to its surplus, making the am ount
now $1,750,000.
— The Lincoln Trust Com pany o f this city , w hich w ill
locate at 1128 Broadway, w ill establish a branch in U nion
Square as soon as arrangements are completed.
—The M anufacturers’ & Traders’ National Bank o f Buffalo,
w hich voted to increase its capital in March to $1,000,000,
and about a m onth ago changed from a State to a national
institution, this week absorbed the M erchants’ Bank o f B u f
falo, taking over its business on M onday, A pril 28. The
Merchants’ Bank was capitalized at $300,000, and had depos
its amounting to slightly over $1,000,000.

—T o Mr. Seymour Van Santvoord has been assigned the
ch ief executive office o f the Security Trust Com pany o f
—A t a meeting of stockholders o f the Bank o f the State o f T roy, N. Y . The institution w ill be officered by fou r V iceN ew Y ork , now in voluntary liquidation, it having been Presidents, the elections having occured last week: First
virtually merged w ith the National Bank o f N orth Am erica Vice-President, George A . Stone, President o f the Troy City
in New Y ork , the proposition for the reduction o f the capital National Bank; Seoond Vice-President, W illiam H. Van
to $120,000 through the reduction o f the par value o f the Schoonhoven, President o f the Central National Bank of
12,000 shares from $100 to $10 each, as noted in this depart T roy ; Third Vice-President, G eorge P. Ide, President o f the
ment A pril 19, was ratified by over 11,900 out o f 12,000 Manufacturers’ National Bank o f Troy, and Fourth V iceshares. It was announced that only tw enty-four shares o f President, J. K . P. Pine, President o f the People’s Bank o f
old stock are now outstanding; the remainder o f the stock T roy. The Secretary and Treasurer is Mr. Frank E . Norton,
has been either purchased or exchanged fo r the stock o f the Cashier o f the Troy City National, w hich is to be absorbed
National Bank of North A m erica, or it im mediately w ill be by the new trust com pany.
so exchanged.
—In regard to the rumors that con trol o f the Third
—The directors of the Mechanics’ & Traders’ Bank have National Bank o f Baltimore is being sought by the First
decided to increase the capital from $400,000 to $700,000. The National o f that city, President R. M. Spedden, o f the firstnew stock is being subscribed for at 165 per cent; the par named institution, says that “ the First National Bank has
value is $25 per share.
never made an offer to us to buy our bank.” The stock he
—Jacob 8. Bernheimer, a director in the Central National considers to be w orth m ore than $120 per Bhare (the price at
Bank—succeeding his father, who had been a director for which the reported offer was made to the shareholders), and
thirty years—and a member o f the firm o f Jacob 8. Bern- adds that if a stockholder wants to sell his interest, prefer
heimer & Bro., dealers in cotton goods, died on Sunday in ence should be given to his associates in the Third National.

918

THE

GHROJNKJLR

[V ol. LXXIV.

— The stockholders o f the Trust Com pany o f North and Mr. A ndrew Russel, of Messrs. Dunlap, Russel & Co.,
A m erica of Philadelphia, Pa., recently adopted a resolution Secretary,
to reduce the number o f its shares from 40,1)00 to 10,000,
- The City and County Bank is the name o f a new financial
chaugiug the par value from $25 to $100 per share, thus leav institution incorporated in San F rancisco, Cal. The concern
ing the capital as heretofore at $1,000,000, The exchange o f has an authorized capital o f $250,000.
Oortihoatea is now being made. The com pany is in a very
— Just now the Chicago financial atmosphere is fu ll of
prosperous condition, show ing deposits o f nearly $3,000,000.
rumors ol Bank and Trust Company consolidations and affili
— It is reported that negotiations are pending for the sale ations.
It is said that the Continental and Com m ercial
to Pittsburg parties o f a large block o f the stock o f $150,000 National banks are to merge, w ith President Blaok of the fo r 
o f the Erie Dime Savings & Trust Company o f Erie, Pa. mer as Chairman o f the Board o f Directors and President
The capital and surplus, it is stated, w ill be increased to Eckels o f the latter as President o f the amalgamated institu
$1 ,000,000, and new directors, representing Erie and P itts tion, with a selection o f directors from both to form a new
burg interests, will be added to the board.
board ; but inquiry from the official heads o f each bank w ar
— The present year’s convention o f the Ohio Bankers’ A sso rants no good ground for this report.
ciation will be held in Cincinnati on October 15 and 16.
R um or also has it that a large trust com pany and a bauk
— In less than one year the State Savings Bank o f D etroit on La Salle Street are to affiliate, but this, too, is thought im 
has added over $2,000,000 to its deposits. In May o f last probable.
year we called attention to the maraed grow th o f this insti
tution, and in tabular form showed the gains from 1897 to
A p ril 24 1901. The deposits at the latter date were $10,221,892. In its last report (February 25 1902) the am ount had
risen to $12,728,998—certainly a very creditable showing.

—The National Bank o f the R epublic, Chicago, w ill soon
have, we are inform ed, the largest floor space o f any bank in
that city, having taken a lease o f the entire second story o f the
New York L ife Building. They get possession o f a part o f
the additional space at once and a little later o f the large
—The V andeventer Bank o f St. Louis, M o., m entioned in and beautiful room in the rear now occupied by a prom i
our issue o f March 22, had its initial opening on Monday. nent insurance agency and form erly the quarters o f the
Guardian Trust Co. It is reliably reported that the Bank of
The institution is located in the west end o f the city.
the R epublic w ill shortly increase its capital from $1,000,000
—Chiefly interested in a banking venture in Kansas City,
to $2,000,000. In view o f this prospect and o f the general
K an., is Mr. John W . Breidenthal, ex-State Banking C om 
prosperity o f the institution, its stock has been advancing
missioner and President o f the Parker State Bank o f P ark er,
rapidly.
Kan. A charter has been secured for the new organization,
—Isaac N. P eiry , late Vice President o f the Continental
w hich w ill take the name o f the Banking & Trust C om pany
National Bank o f Chicago, and who accepted the Presidency
of Kansas City and have a capital o f $100,000.
o f the Southern Bank & Trust Company o f New Orleans
—G roup 1 of the Iow a State Bankers’ Association, which
(as recorded in these colum ns last w eek), has caused a gen
is com posed of bankers in the Southwestern section o f that
uine surprise by asking to be relieved from the latter high
State, held its annual m eeting in Council Bluffs on A pril 23.
position to take instead the Presidency o f a new national
A t the convention the fo llo w in g resolution was adopted by
bank in Chicago. His petition has been granted by the
the m em b ers:
“ Resolved, That it is the sense of this convention of banters that Southern institution, and already an application has been
the proposed banting legislation now under consideration by Con made to the Com ptroller o f the Currency to organize the
gress known as the Fowler bill will not tend, If enaoted Into law, to National Bank o f Commerce o f Chicago, w ith a capital of
advance the best good of the business interests of tho people of this $2,000,000. A surplus o f at least $500,000 w ill be provided,
country, especially that feature of the bill relating to branch banting,
and it is expected the new bank w ill be in operation by July 1.
and we hereby request our Senators and Representatives from this
State to use their influence against the enaotment of this proposed Ow ing to the recent consolidations o f national banks in
Chicago, and the prospect o f still other mergers, Mr. Perry’s
hill into law.”
A num ber o f interesting papers were read at the gathering, friends urged upon him the great advantages offered in that
the titles and their authors being “ The N ew Banking B ill city for the establishment o f another large bank, w ith a man
Reported F avorably by the Banking and C urrency Com  o f his w ide experience and acquaintance at its head. A nd
m ittee,” by D. L. Heinsheimer, President o f the M ills County w ithin 48 hours after the plan was proposed the entire capital
National Bank, G lenw ood, Iow a; “ The Financial O u tlook,” was subscribed. The principals associated w ith Mr. P erry in
discussed by Mr. S. C. Campbell, Cashier o f the Bank of the enterprise are N. W . Harris, B. A . Eckhart, Edward
Carson, Carson, Iow a; “ The N ew Banker’s Money Orders,” Hines, A zel F. H atch and La Verne W . N o y es; but other
by Mr. F. F. Jones, Cashier o f the Farm ers’ Bank, o f V illisca, prom inent Chicago capitalists are interested. The exact lo 
Iow a; “ Is the R ecent Increase in Banks L ikely to be P er cation o f the National Bank o f Com m erce is not yet deter
manent?” by Mr. John Beresheim, Vice-President o f the mined.
— The First National Bank o f Chicago, w hich is to absorb
C ouncil Bluffs Savings Bank, C ouncil Bluffs; “ la the Group
System a Success as a General T h in g ,” by Mr. L. F. Potter, the M etropolitan National, w ill hold a stockholders’ m eeting
President of the First National Bank, o f Harlan, Iow a, and on the 29th inst. to vote on several matters connected w ith
“ Has the Sending o f M oney by Insured R egistered Mail the consolidation, particularly the increase in the capital
P roven Satisfactory?” by Mr. Thom as H. Read, President o f from $5,000,000 to $8,000,000.
the First National Bank o f Shenandoah, Iow a. Mr. E. F.
— N inety employes o f the M etropolitan National Bank o f
W en tz, Cashier o f the Citizens’ State Bank o f Oakland, Iowa, Chicago are the happy recipients o f gifts to the am ount o f
was re-elected Chairman o f the Group fo r the ensuing year, $75,000, ranging from $50 to the messenger boys up to $10,000
w hile Mr. T. K . E lliott, Cashier o f the Com m ercial National and $15,000, respectively, to the Assistant Cashier and the
Bank of Essex, Iow a, was re-elected Secretary.
Cashier. This is in recognition o f their faithful services to
—The Security Trust Company o f M ilwaukee, W is., has the bank fo r a series o f years, and was cheerfully voted by
been organized with a capital o f $200,000. A general trust the directors on the eve o f consolidation with the First
com pany business w ill be engaged iu, but no banking de National.
— The W estern State Bank o f Chicago has been duly em 
partment will be operated. The incorporators include Mr.
G eorge W . Strohmeyer, President o f the M ilwaukee National powered to do a general trust business, and will add a de
Bank; Mr. R . B. Bates, form erly a national bank examiner partment o f this nature after rem oving to its new quar
and at present conducting a brokerage business in M ilw au ters in the National L ife Insurance Building this week.
kee; Judge Gebhardt W illrich o f St. Paul, F. T. A dler and
—A permit was issued A pril 29th by the A uditor of Public
Dr. Louis F. Frank.
A ccounts at Springfield to Charles N. Morehouse, Christian
—The National Exchange Bank o f Dallas, Texas, now
reports a capital o f $500,000 and surplus and profits o f a
like amount.
This is a gain respectively o f $200,0U0 and
$254,505 in the tw o items since the date o f the last call—
F ebruary 25 1902.
—A t the recent m eeting o f the Jacksonville (Fla.) Clearing
House Association, Mr. Frank E lliott was elected President,

G. H. Zillm au and Patrick J. M iuogue to organise the
Northw estern Trust and Savings Bank at Chicago, with a
capital o f $250,000.
—E. L. L obdell & Compauy o f C hicago will rem ove their
offices some tim e in May from the 4th floor to the rotunda
o f the R ookery Building. This rotunda is the center o f the
brokerage business in Chicago, no less than a dozen prom

Big

TAB CHRONICLE

May 3, 1902.]

Inent stock and bond firms haviDg their offices in this choice
location.
—Isaac N. Perry sold his 1,500 shares o f stock in the C on
tinental National Bank o f Chicago to J. Ogden Arm our, at
$225 a share. The price o f the shares has since advanced at
a rapid rate, nearing the $300 mark this week. Cashier
George M. R eynolds has been chosen by the board to succeed
Mr. Perry as Vice-President.
—The directors o f the City National Bank o f Paris, Texas,
have decided to increase the capital from $100,000 to $400,000
as w ell as to increase their number from nine to fifteen
members. The bank has a surplus o f $200,000.

of comparison the figures for the corresponding period of
1901 are also presented.
Fowr Months, 1001.

Four Months, 1902.
Uscriptton.

Par Value
or Quantity

Aver'tie Par Value
Price. or QuanUt/y

Actual
Value.

<10,291,818
•Jtook | y^i*; *0277.120,875 4,927,410,018
HR. bond*.. *808,880,200 *276,807.750
*808,4-01
*823,200
Gov’t bonds
*481 167
*1.188,600
State bonds
*888,082
*286,200
Bankstooks

Actual
Value,

Aver’ gi
Price.

120,907,931
11750888350 *0278700,948 78-9
*415,684,000 *374,010,251 84-7
*1,065,118 US-7
*928,170
*005,880 88-1
*1 827,900
*882,282 303-9
*100,826
12199388245 *0860809,081 79-1
Total — *0082,059,975 *5206023,718 78-5
Grain, bush. 240,814,000 188,024,226 78^0. 284,820,060 181,731460 77 0-100
5,898,047,948
0.832,011,882
Total value.
78-6
78-0
111-9
428
877-9

The volum e o f transactions in share properties on the N ew
—The California Bankers’ Association w ill again hold its Fork Stock Exchange each m onth since January 1 in 1902
convention at San Jose — last year’s m eeting point. The and 1901 is indicated in the fo llo w in g :
gALBB OF STOCKS AT NEW TOKK STOCK EXCHANGE.
session will continue three days, May 29, 30 and 81. It is
intended to have but few specially prepared papers at the
1902.
1901.
business session to be held on Friday, consideration being
Values.
Values.
« onth. Number
Number
chiefly given to questions o f immediate concern to the bank
> Shares.
1
Actual. o1 Shares.
Par.
Par.
Actual.
ing interests o f C alifornia. There w ill be a reception to the
«
*
*
1
delegates on Thursday, the 29th inst., at the H otel Vendome, isn .. 14,779,228 1,380,108,000 1,039,582,016 30,285,056 2,911,531,850 2,081,745,276
12,930,943 1,227,680,050 1,010,947,208 Jl,902,822 2,125,937,450 1,578,947,098
while Saturday will be devoted to drives through the sur fe b ....
March. 11,957,409 1,143,409,750 876,941,208 27,080,968 2,024,011,160 2,097,984,688
rounding country.
—Charles Fearon & Co., bankers, 511 Chestnut Street,
Philadelphia, announce that Mr. John H. Coates was on
May 1 admitted to the firm.
—Mr. M. A . Stein, of New Y ork , and Mr. M. W olff, here
tofore connected w ith Messrs. Knautb, N achod & Kuhne in
N ew Y ork as manager of their bond department, have form ed
a copartnership under the firm name o f M. A . Stein & Co.,
to deal in G overnm ent, m unicipal, railroad and corporation
bonds, with offices at 7 Pine St.
— A . A. Lisman and J. B. Lorge w ill continue the business
o f the form er as specialists in tractions and industrials under
the style o f Lisman, L orge & Co., at the old address, 25 Broad
Street, with largely increased capital. H arry Ingram w ill
sign fo r the firm by procuration.
—A nost successful convention, from every point o f view,
and one w hich awakened keen enthusiasm, was that o f the
Louisiana Bankers’ Association, held this w eek in New
Orleans. The m eeting lasted tw o days—Tuesday and W ed 
nesday—and was the occasion fo r the presentation o f
several excellent papers. The election o f officers for the
ensuing year resulted in Mr. John H , F alton being chosen as
P residen t; Mr. Leon M. Carter (President o f the Merchants’
& Farmers’ Bank o f Shreveport, La.) as V ice-P resid en t;
Mr. L. O. Broussard (Assistant Cashier o f the Bank o f A bbe
ville, A bbeyville, L a.) as Secretary—re-elected ; and Mr. R.
L. T ully (Cashier o f the Bank o f Plaquemine, Plaquemine,
L a .) as Treasurer. The new President, Mr. Fulton, is the
youngest man who has ever been elected to that position. He
is Manager of the Comercial National Bank o f N ew Orleans.

Clearings by Telegraph.—Sales of Stocks, Bonds,
The subjoined table, covering clearings fo r the current week,
usually appears on the first page o f the C h r o n i c l e , bnt on
account of the length o f the other tables is crow ded out
once a month. The figures are received by telegraph from
the leading cities. It w ill he observed that as com pared with
the corresponding week o f 1901 there is a decrease in the
aggregate of 16-2 per cent. So far as the individual cities are
concerned, N ew York exhibits a loss o f 22*0 per cent, Boston
13'2 per cent and Baltimore 7’0 per cent. Philadelphia records
a gain o f 1'6 per cent, Chicago 7*3 per cent, St. Louis 37’5
per cent and New Orleans 15’3 per cent.
Cleartn/j.i - Returns by Telegraph.
Week E'ad'mi] May 3

1002.

*1,571,805,409
130,577,410
106,782,700
19,900,749
152,642,394
53,629,005
10,142,114
Haw Orleans..........................................
*2,044,979,901
275,903,401
Gth«T aitiwt, 6 day*................................
*2,320,888,422
469,980,792
All oltle*, x day......................................
Total all oltle* for weak................ *2,780,870,214

1901.
*1,983,017,770
150,450,203
105,070,400
21,404,402
142,297,984
38,998,018
8,793,044
*2,455,042,013
251,000,232
*2,700,042.845
011,507,511
*3,318,150,350

P. Cent

-22-0
-1 8 2
+1-6
-7 0
+7-3
+87-5
+15-8
—
10’7
+ 99
-14-3
-24-8
—10 2

Our usual m onthly detailed statement o f transactions on
the various N ew Y ork Exchanges is appended. The results
for the four months o f 1902 are given below, and fo r purposes

Istqr 39,723,576 3,757,048,400 2,927,470,432 79,248,845 7,681,480,450 5,758,877,001
April... 28,567,748 2,520,078,475 1,998,940,211 41,719,086 4,089,407,800 3.615,023,287

The follow in g com pilation covers the clearings b y m onths
since January 1,
MONTHLY CLEARINGS.
Month.

Clearings.Total All.

1902.

1901.

Clcarines Outside New York.
P.Ct.

1902.

1901.

P.Ot.

*
$
*
*
January. .. 10,805,690,294 10,720,800,045 —0-5 3,780,227,588 3,319,085,772 +12*6
February. 8,303,711,478 8,303,706,015 +0'0 3,014,741,508 2.740,111,090 +10-0
March....... 8,892.946,411 10,007,814,918 —11-2 3,380,020,916 3.120,474,186 + 8*5
1st quar.. 27,922,884,183 29,091,821,178 -4-0 10,130,900,001 9,180,271,048 +10-4
April..

10,928,134.068 12.015.067.403 -9*0 3,575.487,080 3.378.178.827 +6-8

The course o f bank clearings at leading cities o f the cou ntry
for the m onth o f A pril and since January 1 in each o f
the last fon r years is shown in the subjoined statement.
BANK OLEAKINGS AT LEADING CITIES IN APEIL.
April.— J a n . 1 to A p r il 30.1 9 0 2 . 1 9 0 1 . 1 9 0 0 . 1 8 9 9 1902. 1 9 0 1 . 1 9 0 0 . 1 8 9 9 .
om itted .)
$
$
$
$
$
$
$
$
Blew Y o r k ... 7 ,3 5 8 8 ,6 3 7 4 ,7 1 6 5 ,5 7 7 2 5 ,1 3 8 2 8 ,5 4 8 1 8 ,1 6 3 2 1 .7 2 0
727
611
548
505 2 ,815 2 ,3 9 2 2 ,2 1 6 2 ,1 1 8
C h ica g o ...* ..
528
690
011 2 ,3 5 7 2 ,4 6 9 2,111 2 ,3 4 0
620
B o s t o n .......
483
401
425 1 ,892 1,745 1 ,557 1 ,6 1 1
518
P h ilad elp h ia
221
183
137
132
861
695
3 t .L o u i s . . . .
54 4
527
206
149
188
153
700
701
P ittsb u r g .. .
52 6
536
112
75
98
76
427
362
San F ra n ’c o .
308
287
106
126
105
108
393
418
382
B a ltim o r e...
453
92
83
68
62
C in cin n ati,..
348
328
270
241
73
62
50
321
272
79
K ansas C ity.
224
183
34
34
S e w O rleans
56
48
235
213
185
159
43
39
58
68
230
218
C le v e la n d ...
179
159
41
50
39
35
205
162
M inneapolis.
16 2
141
32
35
44
40
160
156
L o u is v ille .-.
152
133
41
34
31
40
188 ' 158
130
D etroit..........
139
29
27
26
32
121
P rovid en ce..
116
108
100
26
25
17
120
100
30
106
O m a h a ......
91
20
34
20
123
C o lu m b u s...
24
97
83
81
20
110
101
27
24
23
100
M ilw au k ee..
89
21
94
24
25
19
93
82
S u f i a l o ......
78
16
89
79
23
20
18
8t. P a u l........
75
69
16
12
76
18
20
D en ver..........
78
73
51
11
48
H artford___
12
12
10
45
45
47
T o t a l.......... 1 0 ,4 7 0 11,628 7 ,1 3 8 8 ,0 0 7 3 7 ,0 5 2 3 9 ,5 5 2 2 7 ,7 8 4 3 1 ,3 5 5
335
2 7 6 1,799 1,555 1 ,39 1 1 ,131
Other c itie s .
458
387
T o ta l a l l . .. 110,928 1 2,015
O utside ar.Y. 3 ,5 7 5 3,373

7 ,4 7 3
2 ,7 5 7

8 ,2 8 3 3 8 ,8 5 0 4 1 ,1 0 7 2 9 ,1 7 5 3 2 ,4 8 6
2 ,7 0 6 1 3,712 1 2 ,5 5 9 1 1 ,0 1 2 1 0 .7 6 0

[F rom our o w n co rresp on d en t.]
L o n d o n , Saturday, A pril 19, 1902.

The stock markets have been occupied almost altogether
this week by the new loan. The budget was introduced in
the House o f Commons on Monday night. It showed an
estimated deficit for the year, w hich began on the first o f
this month, o f 41 m illions sterling after again suspending
the sinking fund. T o cover this deficit the Chancellor o f the
Exchequer proposes to raise £5,150,000 b y new taxation. He
adds Id. to the incom e tax; he adds Id. to the stamp duty on
bills at sight, including checks and dividend warrants, and
he suggests a duty of 3d. per cw t. on grain o f all kinds and
5d. per cw t. 6n meal and flour. Then he is raising a loan in
the form o f consols o f 82 millions sterling; and he takes
temporary borrow ing powers fo r ten or tw elve millions
more.
The loan was issued on W ednesday afternoon, and im m e
diately the applications began to pour in. It is stated that
the amount to the public has been covered about 20 times.

920

THE

CHRONICLE

H a lf the loan was taken firm by the Messrs. R oth sch ild , B a r
ings and Morgans. O nly 16 m illions sterlin g, th erefore, were
offered to the general p u blic.
T he applications from all
parts o f the U nited K in gdom were on an extraordinary
scale, and there w ere large applications likew ise fr o m the
C ontinent, p articularly from F rance. O nly 8 per ce n t was
required as a deposit on application; and as the outside m ar
ket was bare o f supplies, im m ense am ounts had to be
borrow ed at the Bank o f England. It is very generally esti
m ated in the city by g ood authorities that the borrow in gs
exceeded 10 m illions sterling.
T he consol m arket con sequ ently Is firm and th ere has also
been a m arked im provem ent in B ritish railw ay stocks, a l
th ou gh the am ount o f business done has n ot been great. It
is gen erally believed in the city that the b u yin g both o f c o n 
sols and o f B ritish railw ay stocks is largely on Continental
a ccou n t, and there seems to be no reason to doubt that there
is a very large “ bull” a ccou nt, especially in consols. I f
peace results fro m the negotiation s w h ich have been goin g
on at P retoria and w h ich are n ow suspended fo r about three
w eeks in order that the Boer leaders m ay take the vote o f
the com m andoes on the q u estion , p robably there w ill be a
fu rth er rise both in consols and in B ritish railw ay stocks.
I f the n egotiation s fail, h ow ever, everybody is looking for a
set-back in both classes o f securities. Y e t, how ever the
m arket goes, the loan is n ow secured.
U pon th8 C ontinent business is ex ceed in gly quiet. The
riotin g in B elgium fo llo w e d b y the general strike has greatly
disorgan ized trade o f every k in d in that cou ntry. A b roa d
it has deepened the fears o f Socialism th at already w ere
stron g enough. In G erm any the strike has led to an im 
provem en t in the coal trade, as the Germ ans anticipate that
a good deal o f the coa l business o f B elgiu m w ill, fo r the tim e
being at all events, be transferred to them selves; b u t in
F ran ce the influence o f the disturbed state o f B elgiu m has
been to increase the depression.
T he state o f affairs in Russia, likew ise, is having a bad
effect in F rance. T he m urder o f the M inister o f the In terior
m ay be an isolated act, bu t there is no reason at all to doubt
th at the N ih ilists are again b eco m in g exceed in gly active,
that the econ om ic con dition o f the cou n try is deplorable, and
that the w ork -peop le in the tow n s are b ecom in g alm ost as
d iscon ten ted as the students.
A s said above, the b orrow in g at the Bank o f E dglan d this
w eek has been on an enorm ous scale, b u t the B ank is w illing
to lend at 8 per cent very readily to all w h o have g ood
secu rity to offer. M oney is o f course in stron g dem and in
the outside m arket; h u t because the B ank is w illin g to lend
so freely at 8 p er cent, rates have not advanced very m uch.
T here is also som ew h at m ore dem and fo r m oney in Paris,
th ou g h th e best authorities find it difficult to accou n t fo r
th e fa ot, since there is no apparent increase o f a ctiv ity in
any direction . In G erm any m on ey is v e ry p len tifu l and
v e ry cheap, and the G erm an exch ange u pon L on d on has
n o w risen v ery close to the point at w h ich it w ou ld pay to
ship g o ld to L on d on . It is anticipated that p rob a b ly som e
g old w ill he received fr o m B erlin. B ut the best opinion is
that n ot very m u ch w ill com e, as it is anticipated that i f there
w ere danger o f large shipments the Im p erial B ank o f G er
m any w ou ld bestir itself to stop them . The sca rcity o f m oney
in the outside m arket in L on d on is o f course on ly tem porary,
b ein g b rou gh t about by the applications fo r the n ew loan.
In respect to the larger applications, less than 5 per cen t has
been allotted, bu t applicants fo r sm all am ounts w ill p robably
receive a som ew hat greater proportion. T herefore a g ood
deal o f the ap plication m on ey w ill very soon be returned and
w ill relieve the m ark et; w h ile o f course the co lle ctio n o f the
revenue is n ow on a very m oderate scale. On the other
h and, it is to be borne in m in d that there is alw ays an ou t
flow b oth o f coin and notes fro m L on d on to the interior dur
in g the m on th o f M ay, and m oreover an instalm ent o f the
n ew loan w ill have to be paid up. Consequently it does not
seem at all lik ely that fo r som e tim e to com e m on ey w ill be
either very plen tifu l o r very cheap.
The India C ouncil continues to sell its drafts fa irly w ell.
I t offered fo r tender on W ednesday 30 lacs, and the applica
tions exceeded 594 lacs at prices ra n gin g from Is. 8 29-32d. to
Is. 3 31-32d. per rupee. A pplican ts fo r h ills at Is, 8 29-32d.
w ere allotted about 1 per cent o f the am ounts they applied
fo r , and applicants fo r transfers at Is. 3 31-32d. w ere allotted
in fu ll.

LX XIV,

[V o l.

The fo llo w in g retu rn show s the position o f th e B an k o f
England, the B ank rate o f d iscou n t the prloe o f con sols, & c.
com pared w ith the last three years ;
190*.

Olroolatlon.............................
faoJio d ep osit..........................

Other seoaritlea...

1901,

A pril 16.
A
*9.074.760
9,301,667
27,080,618

Other d ep osits..............................
jkiVeruinefii neo<trlliea.............
.................

I960.

April 17,

April 18,

29,190,080
0,089,741
38,146,72*
18,623,011
28,400,263
23,761,077
86,110,707
49 7-16

89,825,606
8,729,461
39,447,770
14,140,418
81,094,247
20,808,480
81,016,98*

X

89,0*5,104
14,774,886

£

&e*erve of note* and coin...... . 24,394,218
Join & bullion,both departm 'ts 86,093,002
Prop.reserve to liab ilities., d, o.
ook
4*k
Sank rate....................p e r c e n t.
8
110 1-10
Oonaol*. 3jg per oent.................. 93 11-10
86«
27 3-10d,
Silver.............................................
24kd.
37<hid
Olearlnar-Honae returns............ 200,201,000 200,470,000 123,262,000

T he rates fo r m o n e y h a v e been as fo llo w s ;

London.

a
c

8 Months.
22
20
6
12
19

3
m
8
m
8 2$g@2 11-10
3 a ii-ie @ ? k
-i«@ 2^
3 a i8

4 Months.

Joint Diu’tW s .
At
4 Mos. Banks Oall Daps

'irade Bills.

Bank Bills.

£

Mar.
“
Apr.
"
“

Interest allowsd
for deposits bp

Open Market Hates .

$s
V

0 Months. 8 Mos.
8
3
3
6
8

2 11-16&2M
2 11-10® 2%
m

2k® 2 I t - 19 2°8@2 11-10
2 11-1
2 ll-16@ 2k
2 13-l6@3Ji 2 13-16@2k

lk
Ik
Ik
Ik
lk

8®8k
3@8k
8@3k
8@8q
8@8k

ik
lk
ik
ik
ik

m
m

ik
ik

The B ank rate o f d isco u n t a n d open m a rk e t rates at the
oh ief C o n tin e n ta l c itie s h a ve b e e n as fo llo w s :
Bates ot
Interest at

P a ris.............
Berlin.................
H am burg..........
Frankfort..........
Amsterdam.......
Brussels.............
Vienna...............
3t, P etersburg..
Madrid...............
Copenhagen. ..

Apr, 11,

April 18.

Open Bank
Bank
Open
Bate. Market B ate. Market

3
8
8
8
3
8
8k
*k
4
4

3
8
8
8
8
8
8k
*k
4
4

m
m
m
m

2k
2k
nom.
3k
8k

Mar. 88.

Apr. 4.
Bank
Open
Bate. Market
3
8
8
8

m

ik
m
m
m

2k
m
m

1M
8
2k
2k
nom.
3k
?k

3
3
8k
4k
4
4

2k
2k
nom.
3k
8k

Bank
Open
Bate. Market

8
8
8
8
3
3
8k
4k
4
4

2 5-16
2
2
2
m

8k

2%
nom.
8k

Messrs. P ix ley & A b e ll w rite as fo llo w s under date o f
A p ril 17 :
G old—T h e d e m a n d for P a r la is s t ill su ffic ie n t to ab sorb a r r iv a ls , b u t th e
r ise In th e P a r is oh eq u e t o 25*18, an d th e fa c t t h a t n e a r ly £ 5 0 0 , 0 0 0 i s
d u e In th e n e x t fe w d a y s , m a k e s It p o s sib le t h a t th e B a n k w ill r e c e iv e
som e a t le a s t. S in ce ou r l a s t th e B a n k h a s r e c e iv e d £ 1 6 5 .0 0 0 , c h iefly
from E g y p t, an d £ 5 0 ,0 0 0 h a s b e e n w ith d r a w n fo r S o u th A fr ic a .
A r r iv a ls: A u str a lia , £ 8 3 ,0 0 0 ; W e st In d ie s . £ 4 0 ,0 0 0 ; N e w Z ea la n d ,
£ 1 3 ,0 0 0 ; W est A frio a . £ 1 0 ,0 0 0 ; C h ile, £ 2 ,0 0 0 . T o ta l, £ 1 4 8 ,0 0 0 .
S h ip m en ts: B o m b a y , £ 4 6 ,5 0 0 ; C olom b o, £ 7 ,5 0 0 ; C a lc u tta , £ 5 ,0 0 0 .
T o ta l, £ 5 9 ,0 0 0 .
S ilv e r —T h e m a r k e t is s t ill In a d e p r e sse d s ta te ; t h e s a le s o n E a ste r n
ao o o u n t h a v e c o n tin u e d , a n d C h in ese e x c h a n g e is n o w 2 p e r c e n t
b e lo w s ilv e r . T h ere is n o o u ts id e in q u ir e , an d In d ia is o n ly a m o d e r a te
b u yer. Wo q u o te 24% d., a n d th e m a r k e t lo o k s w e a k a t th e c lo s e .
T he I n d ia n p r ice Is R s 62%. A r r iv a ls : N e w Y o r k , £ 1 4 .6 ,0 0 0 ; W e st
In d ies, £ 3 ,0 0 0 ; A u str a lia , £ 2 0 ,0 0 0 ; C h ile, £ 6 ,0 0 0 . T o ta l, £ 1 7 5 ,0 0 0 .
S h ip m en ts: B o m b a y , £ 1 7 1 ,0 0 0 ; O alou tta, £ 6 5 ,0 0 0 . T o ta l, £ 2 3 6 ,0 0 0 .
M e x ic a n D o lla r s —N o b u s in e s s t o rep o rt.

The q u o ta tio n s fo r b u llio n are re p o rte d as fo llo w s :
Q o u ),
L o n d o n S ta n d a r d .

«.
S a r g o ld , f l n e .. .. o z .
0 . S. g o ld e o i n ...o z .
G er a rii g o ld o o ln .o z.
F ren ch g o ld o o ln .o z .
fa p a n e s e y e n . .. .o z .

A pr.
10 .

A n r.
17.
77

d.

9

8.
77

SILVEB.

d.

9

76 4 76 4
76 4k 76 5
76 5 76 5
76 4 78 4

A pr.

A pr.

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

17.

1 0.

d.

a.
B a r s il v e r , f lu e .. . oz. 24% 24%
D o 2 m o. d e liv e r y 24?18
B a r s liv e r , c o n ta in ’#
d o 5 g r s . g o ld .o z . 24% 25%
d o 4 g r s . g o ld .o z . 2 4 U , 6 251 la
d o S g r s . g o ld .o z . 24k 24%
C a k e s i l v e r ..........o z . 26% 26H i 6
M e x ic a n d o lla r s .o z . n o m . n o m .

The fo llo w in g sh ow s th e im p o rts o f ce r e a l p rod u ce in to the
United K in g d o m d u rin g the th irty-tw o weeks o f the season
com pared w ith p rev iou s s e a s o n s :
IMPOSTS.

1 9 0 1 -0 2 .
1 9 0 0 -0 1 .
1 8 9 9 -0 0 .
1 8 9 8 -9 9 .
u n p ’t s Of W h eat, OWt.3 9 ,5 6 7 ,6 0 0 4 2 ,2 2 0 ,3 0 0 3 4 ,6 1 6 ,6 0 0 3 6 ,5 9 1 ,2 5 0
B a r le y ........... . . . . . . . . . 1 7 , 1 1 2 , 6 0 0 1 4 ,8 1 2 ,4 0 0 1 0 ,8 1 1 ,0 0 0 1 7 ,4 8 7 ,8 4 3
oats .......................... ... .1 0 , 8 5 2 ,9 0 0 1 3 ,2 3 1 ,7 0 0 1 1 ,0 3 8 ,6 0 0
9 ,0 7 8 ,1 2 0
P e a s . . . . . . . . . . . . . . . . . . 1 ,3 3 5 ,0 0 0
1 ,7 2 4 .3 3 0
1 ,8 6 0 ,3 0 0
1 ,5 1 8 ,0 5 0
S e a n s...............
1 ,1 2 5 ,2 0 0
1 ,1 3 1 .6 4 0
1 ,1 9 9 .9 0 0
1 ,2 9 2 ,4 7 0
In d ia n c o r n . . . . . . . . . . 2 8 , 4 6 8 , 6 0 0 3 4 ,7 9 8 ,0 0 0 3 6 ,4 5 4 ,7 0 0 3 3 ,4 7 7 ,1 6 0
P l o u r . . ............................1 2 ,8 7 3 ,7 0 0 1 3 ,6 7 4 ,9 0 0 1 2 ,8 4 4 ,2 0 0 1 4 ,7 7 9 ,8 3 0

Supplies a va ila b le fo r con su m p tion (e x clu siv e o f stock s on
September 1):
1 9 0 1 -0 2 .
1 9 0 0 -0 1 ,
1 8 9 9 -0 0 .
1 8 9 8 -9 9 .
W heat Im p o rte d , c w t. 3 9 ,5 6 7 ,6 0 0 4 2 ,2 2 0 ,3 0 0 3 4 ,6 1 6 ,6 0 0 3 6 ,5 9 1 ,2 5 0
Im p orts o f f lo u r .........1 2 ,8 7 3 ,7 0 0 1 3 ,6 7 4 ,9 0 0 1 2 ,8 4 4 ,2 0 0 1 4 ,7 7 9 ,8 3 0
S a les o f h o m e -g r o w n ,1 8 ,2 6 0 ,0 8 8 1 6 ,9 9 0 ,0 3 5 2 1 ,2 9 0 ,6 9 2 2 1 ,6 5 5 ,1 5 0
T o t a l .. . ...........
7 0 ,7 0 1 ,3 8 8 7 2 ,8 9 5 ,2 3 5
A v er.p rice w h e a t,w e e k ,2 7 s . 5 d .
2 6 s, 3d.
A v e ra g e p r ic e , s e a s o n .2 6 s . lO d ,
2 7 s. I d .

6 8 ,7 5 1 ,4 9 2 7 3 ,0 2 6 ,2 3 0
2 5 s. 10d.
2 4 s . 7d,
2 6 s . Od.
2 6 s . Sd,

T he fo llo w in g sh ow s th e q u a n tities o f w h ea t, flour and
maize afloat to th e U n ited K in g d o m :
T h itw e e k .

W h eat................ q r s . . . 8 ,9 8 5 ,0 0 0
F lou r, e q u a l to q r s ... 2 5 0 ,0 0 0
M aize................... a r s ... 3 9 0 ,0 0 0

L a st w eek ,

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

1901,
8 .5 7 0 ,0 0 0
4 3 5 ,0 0 0
5 3 0 ,0 0 0

1SC0.
8 .2 2 5 ,0 0 0
2 9 0 ,0 0 0
5 * 0 ,0 0 0

The B ritish im p orts sin ce Jan. 1 have been as fo llo w s :
1902,
£
5 0 ,1 3 1 ,3 4 8
4 1 ,6 9 1 ,5 9 1
4 0 ,8 9 7 ,8 6 1

£
+ 4 .1 4 3 ,8 3 2
+ 1 ,9 7 7 ,1 5 2
—5 ,5 2 8 ,1 9 6

P er a .

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

T h ree m o s .. 1 3 2 ,6 9 4 ,2 5 0

1 3 2 ,1 2 1 ,4 3 2

+ 6 7 2 ,8 1 8

+0*4

I m po rts.
J a n u a r y ..........
F eb ru ary ----M a rc h ........ ..

1901.
A

in feren ce.

+90
+ 4-9
-1 1 9

THE

M a y 3, 1902.J

iiX l'O H T I AMD IM POSTS OP SPMOIM AT MEW Y O R K .

The exports since Jan. 1 have been as follow s :
1901.
A
2 4 ,7 5 3 ,5 3 1
2 1 ,0 3 7 ,4 5 5
2 5 ,0 2 1 ,2 9 3

x p o r t s

.

a

January......... 21,254,,574
February........ 2 1 ,8 1 2 ,2 7 0
M a rch .............. 2 2 ,2 1 7 ,2 3 8
Throe m o a ..

D iffe r e n c e .
&
-4 9 8 ,9 5 7
+ 2 7 4 ,8 2 1
—2 ,8 0 4 ,0 5 5

7 0 ,8 1 2 ,2 7 9

1002.
E

— 8 ,0 1 3 ,5 9 1

0 7 ,7 9 8 ,6 8 8

P e r Ol.

—2 0

+ 1-3
— 11-2
—4-2

The re-exports o f foreign and colonial produce since Jan. 1
show the fo llo w in g c o n tra st:
e

-e

x p o r t s

.

a

January.........
F eb ru a ry ___
M a rch ..............

D i f fe r e n c e .
A
+ 2 8 9 ,1 3 9
-1 6 2 ,1 8 7
-8 8 6 ,0 5 4

1901.
A
5 ,0 5 1 ,3 0 7
5 ,9 6 0 ,2 8 8
5 ,2 0 0 ,5 2 5

1902.
K

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

P e r Oi.
+ 5 -7
-2 -7
—1 7 0

—7 5 9 ,1 0 2
-4 -6
1 6 ,2 1 8 ,1 2 0
Three m o s .. 1 5 ,4 5 9 ,0 1 8
N o t e .—T lie aggregate ligures are official. T h ey indicate th a t slight
adjustments have been made in the m onthly returns as issued.

E n g l i s h F i n a n c i a l M a r k e t i - F c r C a b le .

The dally d o s in g quotations for securities, e t c ., a t London
are reported b y cable as follow s for the w eek ending M ay 2:
M on .

Sat.

LONDON.

Sliver, per ounce........ d. 2313 10
C on so ls.,n ew . 2 % p. cts. 9 4 %
For a cco u n t.................. 9 4 %
Fr’ oh rentes (In Paris) fr. 1 0 0 9 0
Spanish 4 s ...........
78 %
Anaoonda M ining..........
5%
Ateh. Top. & Santa Fe.. 82%
P r e fe r r e d ................... 1 0 1 %
Baltim ore & O h io . . . . . . 1 1 1 %
98%
Preferred............... ..
Canadian Paoiflo........... 132%
Chesapeake < O h io .... 4 9%
fe
Chloa. Great W estern .. 2 6 %
Den. & R lo G r .,o o m .... 45
Do
do Preferred. 9 4 %
Erie, c o m m o n . . . . . . . . . . 4 1%
1 st p r e f e r r e d ............ 7 2 %
2 d p r e f e r r e d .......... 5 7 %
Illinois C en tra l............... 1 5 1 %
Louisville < N ashville.. 130%
fe
M exican Central— . . . 3 0 %
M exican N ational.......... 2 0 %
Mo. K a n . & T e x .,c o m .. 2 6 %
P r e f e r r e d .................. 57%
N. Y . Cent’l & Hudson.. 163%
N. Y . Ontario & W est’ n 3 6%
Norfolk & W estern ........ 61
Do
do
pref. 93
77%
P ennsylvania............. .
•Phlla. & B e a d ................ 3 4 %
*Phlla. & Read, ,1st pref. 4 4%
*Phlla. & R ead., 2 d pref. 3 7 %
09 %
Southern Pacino.............
Sonth’n Railw ay, com .. 39
99
Preferred..............
108%
Union Paoiflo............. ..
90%
Preferred......................
U . S. Steel Corp., co m .. 44%
Do
do
p r e f.. 9 6 %
27%
W abash .......................
Do
preferred........... 47%
Do
D eb. “ B ” .......... 79 %

fu ett.

W ed .

23%
94%
94 %
00-77%
78%
5%
81%
101 %
111%
9 8%
131%
4 9%
2 6%
45
9 4%
4 0%
7 2%
56 %
151%
130%
30%
20%
263s
5 7%
166%
35%
60%
92%
78%
33 %
44%
37
6 8%
38%
9 8%
107%
S0%
43%
96%
27 %
46 %
79 %

2 3%
947 16
947 ] 6
00*57 H
78%
5%
8 2%
101 %
111 %
98 %
1 31%
49%
27
45
94%
40%
72%
57
1 52%
130
30
20%
26%
58 %
166
35%
60%
92
78%
34%
4 4%
37%
69
37%
98 %
108%
90%
43%
96
2 7%
46%
79%

Thun.

23%
9 4 l l ie
9 4 l5 le
0 1 -0 7 %
78%
5%
82%
101%
111 %
98%
130%
49%
2 7%
44%
94%
40%
72%
56%
153%
130%
29%

20
27%
59-a
166
35%
60%
92%
78%
34%
44%
37%
69
38
98%
108
90%
43%
95%
2 8%
47%
80

Writ
23%
94i3ie

0 1 -0 7 %
78%
5%
82%
101%
111 %
98%
1 28%
49%
W
o
28%
A
44%
<1
94%
w
40%
O
71%
M
56%
1 57%
1 86%
Q
29%
19 ^
£4
27
0D
59
165
o ■
35%
60%
93
79%
M
34%
44%
o
37%
w
68 %
38 %
98%
1 07%
90%
43
94%
28
4 6%
80

* Price per share.

®0mmsrciaX
Imposts

and

J^tisjczllKuzons Hew 9

E xpoets

foe the

W eek .—The fo llo w in g are

the im ports at N ew Y o r k for the w eek en d in g for d ry goods
A pril 24 an«J for the w eek ending for g en era l m erchandise
A pril 25, also totals since b eg in n in g first w eek January,
FO REIGN IM PORTS.

For week.

1902.

1 901 .

1900.

1 899 .

$2,14.5,427
8,76 6 ,6 5 7

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

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

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

T o ta l.......... $ 1 0 ,9 1 2 ,0 8 4
Since Jan. 1.
Dry G oods___ $ 4 5 ,7 0 8 ,9 4 3
Gen’l mer’ dlse 1 4 1 ,8 0 1 ,7 7 0

$ 1 0 ,9 6 8 ,6 2 2

$ 1 1 ,2 2 5 ,7 7 5

$ 1 0 ,9 4 6 ,5 2 6

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

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

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

D ry G oods___
Gen’ l m er’ dise

Total 17 weeks $ 1 8 7 ,5 1 0 ,7 1 3 $ 1 8 6 ,4 2 5 ,8 0 8 $ 1 9 6 ,2 0 4 ,1 3 8 $ 1 7 9 ,7 6 2 ,4 1 1

T he im ports o f dry goods fo r one w eek la ter w ill be found
in our report of the dry goods trade.
The follow in g is a statem en t of the exp orts (exolu sive of
apeoie) from the port of N ew Y o r k to foreign ports for the
week en din g A p ril 28, and fro m J anuary 1 to d a te.
EXPORTS FROM MEW Y O R K FO R THE W E E K .

1902.
For the w eek..
Prey, reported

921

C H R O N IC L E

1901.

1900.

1 899 .

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

$ 1 1 ,8 8 7 ,2 5 3
16 0 ,8 8 5 ,4 7 1

$ 1 1 ,4 0 8 ,9 7 5
165,64 3 ,8 9 8

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

Total 17 weeks $ 1 6 0 ,1 8 2 ,3 6 8 $ 1 7 2 ,7 7 2 ,7 2 4 *1 7 7 ,0 5 2 ,8 7 3 $ 1 5 4 ,4 4 5 ,1 9 2
N o t e .— A n the figures of exports as reported by the New Y ork
Custom House from week to week frequently show divergence from
the monthly totals, also compiled by the Custom H ouse, we shall from
time to time adjust the totals by adding to or deducting from the
amount “ previously reported.”

The follow in g table show s the exports and Im ports of
specie a t the port of N ew Y o r k for the week ending A pr. 26
and since Jan. 1, 1902, and for the corresponding periods in
1901 and 1900,

Exporte.

Im p o r tt.

Gold.
Week.

Since Jan. 1.

$ ..............
150

Great B ritain.......... Franoe.........................
Germany___________
West I n l l e s ...............
M e x ic o ........................
South A m erica........
All other countries.

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

$ 1 4 3 ,2 5 0
1 4 ,1 3 0 ,3 8 8
1,58 6 ,1 0 4
4 9 7 ,0 3 2

8 ,6 0 7

Since Jan. 1.

Week.

$
4 8 4 ,2 5 0

20

2,000

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

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

T otal 1 9 0 2 ..........
T otal 1 9 0 1 ..........
T otal 1 9 0 0 ..........

21.100

1 4 ,900

1,6 5 0
568
1 2 ,0 1 9
3 ,2 6 2
$ 1 7 ,4 9 9
1 7 ,7 2 9
6 8 ,5 0 1

Export*.

1 2 4 ,2 2 5
1 6 ,4 2 4
4 0 5 ,2 0 6
8 8 ,683
$ 1 ,0 6 8 ,7 6 3
8 7 0 ,0 8 8
1 ,1 6 8 ,7 1 3

Im port*.

Silver.
Week.

Since Jan. 1.

Great B ritain ............
F r a n c e ....___ . . . . . .
G e r m a n y ..... . . . . . .
West Indies...............
M e x ic o ............. .
South A m erica ___ _
All other countries.

$ 9 2 8 ,3 7 5 $ 1 2 ,5 1 7 ,4 9 0
1 6 ,7 8 8
529,731

Total 1 9 0 2 ...... .
Total 1 9 0 1 . . . . . .
T otal 1 9 0 0 ....„ „

Kince J a n . 1.

Week.

$ 9 4 5 ,6 6 3 $ 1 3 ,1 3 1 ,7 9 9
2 ,0 2 0 ,4 1 8 1 8 ,2 4 8 ,7 7 9
7 2 0 ,7 0 0 16,269,687

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

$844

2 ,0 5 0
1 0 ,3 0 4
979

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

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

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

1,000
52,801
29,011
700

500

1,000

B re a d stu fls F ig u r e s
B r o u g h t fr o m P a g e 9 4 8 .— T he
statements below are prepared by us fro m figures collected
by the N ew Y o rk Produce E xchange. The reoeipts at
W estern lake and river ports for the week ending A p r. 26,
tad since A u g . 1, for eaoh of th e last th ree years have b een ;
Mtlvts * t~

Fleur.

W heat.

Oats.

Oorn,.

Barley.

Kbit.160251 BushMlbe Bwh.Bfflbi BushMlhs Bu*h.*Slbt 3
hilaago........
Allwauko®..

125,836
58,575
102,000

302,800
00,800
184,308
000,020
23.000

dtnneapolla.
Polsdo..........
ileveland ...
it . Louis . .. .

482,750
7,000
47,850
50.000
22.000
47,360
310,170
200,800
93,000

11.000

7,000
13,817
30,190
14,700

78,718
100,409
18,000
132,200

.cnia* Olty.

1,103,255
87,100
1,410
101,090
68.400
30,000
185,753
284,850
290,300
98,000

lbs.

117,325
75,050
1,517
7,200

14,600
6,400

8,000
10,400

4,627

9,460
800

218,492
Pot.Wk.1908
358,718 1,493,915 1,380,020
85,087
2,193,784
181,400
410,478 2,554,943 1,830,247 2.081,900
88,000
iamb wk.’Ol.
358,317
90,785
420,752 2.218,008 2,837,800 2,058,400
lam e wk.’O .
O
Hnet A u t. 1.
1001-02.......... 10,014,187 190,073,480 98,930,378 107,558,204 38,110,783 4,606,001
1000.01....... 16,015,804 189,010,675 101,887,005 130,720,530 37,198,077 3,350,603
1800*00...
10,173,007 170.700,434 177,805,454 129,872,118 38,263,708 5.286,375

The receipts of Hour and grain at the seaboard ports for
he week ended A p r. 2 6 ,1 9 0 2 , fo llo w :
Oorn
bush

Flour
Wheat,
buth.
bbls.
181,678 1,220,700
273,820
60,071
220.850
21,302
493,099
81,373
Philadelphia......... .
207,930
72,410
B a ltim ore............
20,560
5.189
200,000
11,807
33,604
Norfolk.......................
5,640
" 5,956
5,918
243,721
80,698
i,337
Mobile..... ...... ............
184.760
St.Joh n, N .B ......... .
2,910

stesip ts at—

92,400
19,811
1,000
11,810
67,631
30.190
10,850

!«w Y ork .............. ...
3o*ton,.................. .

Gets.
buth
355,509
112,744
41,700
7J,713
47,847
8,909
11,726

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

Barley
bueh
3,375
800

Bye.
buth.

42,900

14,231

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

soa»<**«

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

o*««**««

28,446
19,477

4,175 67,131
239,198
692.120
Total week........ , 457,087 3,112,189
42,150 32,690
Week 1901.
348.705 1.782.906 1,098,274 1,047,959
* Beeelpt* do n o t lnolude grain passing through Wow O rleans to r fo r e ig n
ports on through b ills o f 1ad ln g .

T otal receipts at ports from Jan, 1 to A p r, 26 compare as
follows for four years:
SeeeivU of—

1008.
6,540,206

F io n a -- .......................... bbls.

1901.
7,019,691

Wheat.................. bush, 26,895,733
Corn...................... • H 92,503
• ,'1
Oats....................... ■ 12,664.418
*
Barley................... " 1,3)9,834
Sye.......................
“
571,900
Total grain........

“

47,204,887

1900.
7,003,833

1899.
7,063,679

83,650 269
69,260,071
26,069,869
2,080,093
920,491

20,494,198
68.611,142
21,370,149
6,185,606
608,829

32,067 2 .5
1
63,811,t5S
19,824,868
1,218,210
2,358,926

121,920,785

100,230,118

100.270,898

The exports from the several seaboard ports for the week
ending A p r. 26, 1902, are shown in the annexed sta te m en t:
Oats,
bush.

Wheats
Oorn,
Bxports fret*— buth
bush.
42,831
s»w Y ork ....... 087,480
Boston.............. 210,731 80,079
Portland, M b. 243,721 ............
Philadelphia.. 232,014 ..........
Saltim ore....... 499,600 108.000
tew Orleans.. 281,612 37,294
N orfolk ...........................................
Sewu’ rt New* .............................
la lT e ito Q ..... 40,000 ............
Pensacola......
80,093 ............
M ob ile..............................................
i t . Jon n .N .B . 132,760 ............

Flour.
bbit.
07,616
8,440
6,918
87,198
68,622
11,690
6,640
83,504

28,4*0

4.887
2,940

1.9.477

Total w eek . .2,408.011 268,801
Same tim o’01..2,213,790 1,673,435

895,028
78,808
272,100 1
.,387,874

21,100

100
4,505

live,

buth.
26,443

Pe at
bush
51,432

.Barley
bush.

26,040
8,571

000

10,000
84,014
84,751

93,081
20,120

The destlnatidn of these exports for the week and since
July 1 ,1 9 0 1 , is as below :
,----------Flow.---------- > ,---------Wheat.--------- , ,---------- Oorn.---------- .
Exports for
Week Since July
Week Stnee July
Week Since July
week and eince Apr. 20 1,1901.
Apr. 20. 1,1901.
Apr. M
1,1901.

July 1 to—
bble.
United Kingdom
170,899
lontlnent..............
70,022
4. St 0. A m erica.
20,920
Wbbt Indie*....... 28,093
Sr.N .Am . C olo’ s
1.060
U her oonntrle*
8,225

bbls.
7,884,634
2,240,1*8
793,060
042,042
111,030
826,818

T o t a l .................... 2 9 5 ,9 2 4 12,300,528
T otal 1900-01.... 273.108 13,703,707

buth.
buth.
1,618,958 60,851,808
888,040 60,702,841
1,012
68,348
............
60
..........
..........
........
810,481

buth.
buth.
120,180 11,584,998
'.'8,050 10,505,603
306
003,480
81,288
954,238
6,372
241,012
22,146
231,171

2,408,011 118,089,118
200,804 24,180,108
2,213,700 104,003,710 1,573,483 180,628,601

CHRONICLE.

922

The visible supply of grain, comprising the stocks It
graiiary at the principal points of accumulation at lake and

HANKS.

(00» omitted.)

s e a b o a r d p o r t s , A p r . 2 6 , 19 02 , w a s a s f o l l o w s :

In i-.o-rsai—
limw Y ork ................

203,000

41,000
10,000
95,000
10,000

3,000
47.000
84,000

1.000
00,000

13,000

100.000
14,000
460,000

23,000
. . . ,*
321,000
104,000

61,000

276,000
.jjA ,,,
1,000

4,881,000

780.009

707,000

19,00*

72,000

23,000

114,0U

43,000

14,000

n• 4
*
280,000

106,0.

8,000
149,000
48,000
29.000
76.000

73,000
98,000

15,000
07,000

78,000
97,000
38,000

37,000
1,000

468.000
873,000

ft.,Will mj* Pi.Arthur 2,980,000
11.342,000
Duluth.......... ..
DO
t
.10,002.000
Minneapolis........ .
St.LoitU............ . 800,000
Kansas C ity,.,..,,..,. 1,002,000
76,000
Peoria-------------- 81,000
Indianapolis......... .
On Mississippi Ri ver
1,009,000
on Takes............... .
On eanaland river, . , 113,000
rota) Apr.
Total Apr,
Total Apr.
-1
'
' :
Total Apr.

26,1902,.
10, 1003,.
27,1901..
2H lilOU
.
,.
29, 1899..

Borough of
Manhattan,

113,000

Bu
adm it... .
koatoii...... ..........
96,006
.
362,<i09
Baltim ore----- -------........ . . 1,056,0C%
.
168,000
374,000
U out eat - . ,
43,00<0
ffo ro u to .... . . . .
., 1,7^1,000
Bo
aJiutil].* ..
35,000
DO
ttJ&o&i-. . . ,
.. igfl.bdfcj
det?oU< .. ... . .. . .
Do
,....
OaU'fiiigo,.. ..... 4..*« „ 0,607,000
Do
ttilu at.,...
Mii vfti Hi -d<---- -- - • . . 501,000
i
.

hush.

274,000

*«*V
82,H
0
16,or,
490,000

30,01)0

9,0' •
0,001

.... . „t

37,000
1,838,000
1,843,000
970,000
1,4rt'l,000
1.197,000

Capital. Surplus

Loans. | Specie.

$
B ank o f N . Y — . 8,000,0 3.202.0
M anhattan C o... 2,060,0 2,288,6
M erchants’ —___ 2,000,0 1.191.8
M echanics’ ......... 2,000,0 2.440.9
A m e r ic a .—- —.. 1.500.0 3.207.8
P fcenix.......... .
1,000,0
268.7
C it y .----------------- 10,000,0 7.160.0
300.0 7.113.9
O h e m io a l.........
600.0
M erchants’ E x —
253.1
G a lla tin ,............ 1,000,0 2.079.5
74,9
300.0
Butch.<&X)rov’ s’
142.1
400.0
M e o h .* T raders’
181,9
200.0
G re e n w ich ...—..
800,0
501.8
L eather M ’ f ’ra—
72,1
Seven th N a tion ’ l 1.700.0
A m erican E xoh . 5.000. 0 8.682.6
C om m erce..____ 10,000,0 7.221.8
1.882.9
0
B roadw ay........ . 1.000.
M e rc a n tile —. . . . 1,000,0 1.377.0
422,7
P a c if ic ..___ . . . . .
636.8
989.8
460.0
C h a t h a m .....—..
854.9
300.0
P eople’ s.___ . . . . .
N orth A m erica . _ 2,000,0 2.030.7
H a n o v e r .... . . . . . 8,000,0 6.743.8
409.6
500.0
I r v in g
600.1
C itizens’ ............. 1.660.0
289.1
500.0
N a s s a u .. . . —
900.0 i,0 2 3 ,e
M arket A P u lton
344.0
Shoe & L eath er. 1,000,0
C orn E x ch a n g e.. 1.400.0 1.788.7
405.2
800.0
O rie n ta l............
Im p ’t’ rs’ A T rad. 1.500.0 8,181,2
4.208.5
P a r k ............... .
2,000,0
147.1
250.0
E ast R iv e r — . .
3.000. 2.623.5
0
F ou rth ,.........
0 508.2
C e n t r a l............... 1.000.
300.0 1.118.0
S e c o n d ...—
—
Ifirst.,. . . . . . . . . . . . 10,000,0 11,635,0
340.2
600.0
N .Y .N a t’ lE x o h .
768.2
250.0
B o w e r y ..—
..
601.7
200.0
N. Y . C ou n ty___
410.1
750.0
G erm an A m e r i..
Chase.—
. . . . . . 1,000,0 2,940,0
100.0 1.485.8
F ifth A v e n u e ...
602.7
200,0
German E x o h .—
858.6
200,0
G erm an ia..—
300.0 1.124.8
L in coln .— . —..
1,000,0 1,215,3
G arfield....... .....
880.2
200.0
F ift h .— —
800,0 1.200.6
B a n k o f M etrop.
461.7
200,0
W est S ide..—
600,0 1,078,2
S e a b o a r d .......—
W estern ............... 2.100.0 2,766,5
548.7
300.0
1st N at., B ’ klyn.
821,0
L ib e r^ -. . . . , ___ _
600.0
458,1
N. Y . Prod. E x „ 1,000,0
635.9
250.0
N ew A m sterdam
458,3
A ster..................
850.0
411.8
H ide & L eather.
600.0

«

$

18.833.0 3.049.0
22.089.0 7.776.0
12.750.7 2.638.0
13.628.0 1.807.0
21.681.4 3.279.3
5.180.0
720.0
109,627,6 20,641,1
24.191.0 4.761.8
872.8
8.078.3
951.0
9.177.4
1.572.9
447.3
3.003.0
320.0
1,188,8
119.0
959.8
4.851.3
6.090.6 1.043.3
80.143.0 4.500.0
74.002.0 8.504.8
7,177,2
900,6
14,581,9 2.079.4
*34,0
2.838.9
6.091.4
700.1
249.2
2.173.7
16.405.8 1.827.1
49.447.8 9.874.7
4.551.0
730.9
788.0
0,104,7
2.833.7
578.4
8.505.6
837.3
8.826.0
810,2
22.516.0 4.176.0
1.963.0
180.9
23, fe63,0 4.205.0
51.371.0 12,405,0
1.243.1
219.4
20.882.1 3.130.9
10.083.0 2.186.0
0,444,0 1.528.0
70.852.8 17.647.3
6,106,0
893.9
2.914.0
480.0
3.886.2
941.8
3.637.2
694.5
89.880.1 10.210.4
9.548.1 3.443.8
2.426.0
219.0
2.994.7
416.2
11.408.1
828.3
7.068.8 1.926.8
2.285.0
467.3
7,824,8 1.684.9
2.886.0
450.0
13,522,0 2.219.0
40.802.8 9,869,3
4.382.0
404.0
7.841.0 1.739.1
700.4
4.476.4
7.984.5 1,528,8
4.175.0
790.0
2.971.2
457.8

1,660,0
2.O04.C
1.667.7
1.247.0
2.047.1
450.0
7.032.8
2.225.9
570.0
809.2
49,1
306.0
93,0
195.6
288.5
1.945.0
0,879,0
310.9
1.782.6
492.0
888,8
453.9
1.540.7
5.925.8
607.3
780.8
335.2
828.7
211.7
2.781.0
318.C
1.197.0
4.147.0
202.1
2.668.3
1.072.0
1.183.0
1.517.1
362.9
377.0
470.9
278.1
2.060.4
240.6
066.3
816.2
2.540.9
368,2
151.1
082.8
298.0
1,832,0
2.219.2
718.0
425.0
863.0
451.2
239.0
103.3

Jf.
A p r. 5..
“
12..
«
19..
“
20..
B o s ,*
A p r. 12..
“
19..
“
26..
Pfalla..*
A p r. 12..
«
19..
•
• 20..

$

187.278.4
187.278.4
187.378.4
187.278.4

907.123.4
900,881,8
894.491.4
893,394,1

Specie.
$

1782842
1719958
1723324
1780940

52.001.6 187.867.0 15.862.0
52,601,0 188.672.0 18.685.0
52.661.6 187.200.0 16.422.0
38.715.3 180.230.0
38.715.3 179.804.0
88.715.3 180.408.0

Legals.
70,649,9
71.910.8
72.439.8
76,003,7

964.618.3
967.361.4
952,774,2
954.540.0

0.251,0 218.900.0
0,261,0 210.781.0
0,329,0 212.389.0

53,0 41.0
56.8 31.0
55.8 38.0

207.397.0
311.711.0
211.172.0

9

2178.0
28O0,e
1248.7
1382.8
1848.9
1780.1
2840,7
1074.2
1450.6
2076.0
1022,4
4508.0
1484.0
1113.2
2106.0
1885.9
093.0
496.0
708.7
1108.7
268.8
8 0 1 ,.
1976.8

66,8

77.8

200,0 372.9

100,0 244.2
37.6
100,0
200,0 100.3
69.8
100,0
00,6
200,0
60.7
100,0
100,0 100,2
98.0
916.0

a

J
i

1
7
7
i
U
B
0

i

l)
3
7

t

1336,4

160.0

133,2

300.0

108,0 1228,0
381,7
15.0
089.0
80.0
464.0 2795,1
340.7 8589,6 199,1
719.0
29.7
021.8 3058.0
872,8 3005.0
864.2
9,4
148.1
41,6
183.2 1.212.9
617.2
79.0
9,1
361,6 1081.8
94,1
639.0
10,5
87.0
68,0
126,0 1.253.9
799.3
33,0
67,6

100,0 189,1 1770.7

100.0
100,0

262,0
600,0
100,0
300.0
300.0

26,0

883.8

70,8

728.8

90,1

10,8

42.0

»
f
%
2200,0
144,t
228,1
3,0 2918.0
67 4 299, J
26,0 1600.0
02,8 259,6
1016,6
101,2 147,4
38,8 1654.7
04,7 135,5
6,0 1804.0
62,8 2808.9
80,0 247,e
105,3 289,4
8,8 1709.9
167,8 2fc5,8
71,7 1742.8
3120.0
197,0 177,5
1008.1
00,9
90,0
163,0 186,0 821,0 6822,0
.
1780.0
187,0 170,0
28.8 1272.8
111,0
81,6
207,0 438,0 169,7 2886.1
167.8 117,1
27,0 1466.8
43,7
50,0
087.8
20,1
56,8
475,1
30,6
790.0
00,3
79,9
4
108,1 128,2
a 1182.4
28,4
152.8
18,6
236.1
9,H
20,4
50,3
40,7
. . . . 1074.5
I
187,a

96,(

89,0
137,3
40.4
33,0
27,4
151,4
104,4
47,0
288,0
207.0
48,9
76.6
46.4
10,2
20.4
106,8
31,3

180,8 160,7 1521.1
1914.6
108,7
147,2
31, P 1239.2
870.0
48, S
23,0
040.8
75,1
10,8
8313.0
364,2
200,2
20,0 4246.1
778.0
09,0
412,0
22,0 8918.0
836,0 144,0 8311.0
788.1
47,4
41,7
S3,7
42,7 1207.8
504.8
76,4
16,6
842.0
141,1
24,0
542.8
61,0
3.8
7 7, a
65,4 .,248,8
808,5
73,7
37,3

4822,9 289,8
2268.7
90.4
1207.8
88.4
1186.8
54,9
135,2
2087,8
808,8
27.0

112,0 ■ 43,8
100,9

651,1

1125,9 1570,9
148,0
87,4
482,0
88,6
82,3
499.1
33,6
150.0
80,8
87,6

24,0
10,0

6904,9
1861,1

778,4

31.059.9
80,920,0
30.970.9
30,970,3

Sc Co,3

Trask

BANKERS,

Depostes.t Otrc’l’n. Clearings

9

100,0
100,0
200,0
100,0

Sp< encer
>

2 7 Sc 2 9 F I N ® S T R E E T ,

N ew Y o r k C ity , B o sto n & P h ila d e lp h ia B a n k s .—-Below
we furnish a su m m ary o f the w eek ly returns o f th e Clearing I
H ouse B anks o f N ew Y o rk C ity , Boston and P hiladelphia,
Capital &
Surplus. Loans.

100,0

16?*,
226,6
129,7
80.9
36,1
98,0
80.9
174.0
103.9
280,6
187,4
817.9

251,1
18,000,0 25 8 IstN at., Jer. City. 400.0 934,1
72,7
29.490.0 33-3 Hud. do. Nat., J.O. 260.0 000,2
1430,4
13,4
iSd Nat., Jer. C ity.. 260,0 801,9
16.190.0 20-9
63,4
3d Nat., Jer. C ity .. 200,0 260,0
13.402.0 23T
80,6
24,382,9 26-S 1st Nat., Hoboken. 110,0 4,73,0
977,6
26,6
5.010.0 2 3 4 2d Nat., Hoboken. 126,0 116,8
122,290,0 2T 4
Totals Apr. 28.. 8828,0 9412.8 76100,4 3446.8 4434,2 1945,6 3292,3 8
24.038.0 29 O
totals Apr. 10.. 8828,0 9412.8 75518,2 3541,4 4409,1 :1800,9 3482.6 3
5.425.4 20 6
Tjsaia Apr. 12.. 8728,0 9350,0 75858,) 3544.8 4350,9 3803,0 3900,9 8 701,3
7,009,8 24 8
1.031.7 2 5 0
3.814.0 1 8 8
1.032.0 20-6
A u c tio n S a le s— By Messrs, A drian H . M uller & Son :
4.552.3 25-3
Stocks.
Stocks.
5.881.5 22-0
2 0 V a n N o r d e n T ru st 0 0 .- 2 6 0 * 4
24.430.0 20-3 100§M ount H o p e C em etery
A ss n ............. $1 80 p er share
5 C en tu ry R ea lty Co...........100*4
04,433,2 23 9
2 M a r k e t * F u lton Nat.Bk.260*4
0,115,1 20'S
60 T he E v ergreen s C em e
15.449.1 2 6 0
50 C itizens’ Nat. B a n k ..........218*3
te r y C o ............. ........... 100
3.727.4 24 8 217 H u dson
R iv e r
B rick
100 A tla n tic T ru st Co ------- 315
7 M fg. Co. o f V erpla n ok s
0,182,8 2550 G erm an-A m er. B a n k ___ 157*#
2.705.0 26- 4
l C ontin ental I n s .C o ......... 685
P o in t ...........30 o. p e r share
16.145.6 22-2 150 S tu yvesant In s. C o ......... 60
52 C orn E xoh . B a n k ..466*3 480
87,468,5 27 4
15 C on ey Isl’d J o c k e y C lu b.l75*2
50 T r. Co. o f th e R e p u b lic ..210
4.801.0 25'7
Bonds.
70 K n ick e rb o ck e r Steanab’t
0,291,0 24-7
C o.............................. $101 lo t $ 2 ,0 0 0 C ity o f J ersey C ity 7s,
3.422.0 20 6
3
0,833,8 246 Pt. Jefferson M illing C o. 45
1913. J & J ..............................128*4
4.271.0 239 M editerranean & N. Y.
$ 6 ,0 0 0 B klyn . H eigh ts R R .
5
27.453.0 25- 2
88. Co., lim — $ 1 4 p e r share
Co. 5s, 1941. A & O ....... ...1 0 8
1.809.0 20-4
$1 ,0 0 0 C leve. Term . & Yal.
25 A llia n ce R ea lty C o .......... 102
21.794.0 26- 0
R R . Co. 1st 4s, 1995. Guar.
5 L aw yers’ T itle I n s .C o .. .3 6 0 ^
63.333.0 26-2
50 R e a lty A ss’ n (5 0 % pd. in) 116*4
M & N ......... ..................1 0 0 and int.
1.463.0 28'7
10 Nat. B ank o f C om m eroe.385% $6 ,0 0 0 W a sh in gton R y. &
22.493.8 2 5 3
1 N. Y . L aw In s titu te ....$ 1 4 9
E lec. Co. 4s tem p , r e c ’t s . . . 82*a
13.380.0 £4'2
15 The E. D . A lb ro C o ......... 50
$2 ,0 0 0 C h icago R y . T erm .
10,37 0,0 20T
73.172.9 20 0
E le v a to r Co. 1st 6 s............... 49*4
29 L aw yers’ M ort. Ins. C o ,.212%
6.013.3 25-0
2 N iagara E ire In s. C o ___ 2 3 4 1 $7,310 A tla n tic M utual Ins.
4
3.343.0 25’0
5 H ollan d T rust C o............. 33
Co. scrip o f 1 8 9 7 ................... 102*s
4.992.7 28-2
10 M utual Tr. Co. o f W est
$8 ,3 4 0 A tla n tic M ntual Ins,
3.581.1 2A3
ch ester C o...... ............. . 213
Co. scrip o f 1900................... lO l^s
48.033.9 25*6
63 A m erica n Surety C o........ 17334 $1,000 D eutsoher V erein 5s.. 651#
10,SC4,2 25*3
5 M ount M orris B a n k ........ 239% $10 ,0 0 0 C onsol. W ater Co. o f
3.343.4 26'5
25 R h en ix N at. B a n k ............116*4
U tica, N. Y „ 1st 5s, 1 9 3 0 ..1 0 0
4.960.6 24*7
13.144.0 25*6
B y M essrs. R ichard Y Harnett & Co.:
8.192.7 27'8
Stocks.
2.500.7 24*7
9.066.2 25-0 2,333 E m p ire Consol. Q u icksilver Min. C o,($ 1 0 ea eh )$ 2 5 0 to $3 p e r sh,
3.111.0 ?4 '0
18.006.0 25'3
47,924,8 25*2
M u u h iM g x u &
f f it m m c ia l
4.578.0 25*7
8.172.7 20*4
4.306.1 24- 1
8.779.1 2'i-5
4.110.0 £5-0
2.234.1 25*0

T o t a l . .. . .___ 33.622,7 1030557!393,394,1 1730940 75,003,7!J54 540 0 25*9

BANKS.

200,0

100,0

Other Oities.

P. c

$

200,0
260,0
200,0

100.0
100,0
100,0
200,0
100,0
200,0
100,0

Borouah of
Richmond.

Re
Legals. Deposits serve
S

100.0
100,0
200,0

Bank of Staten Isl
IstNat.,Staten Iai

1,132,001
1,305,001
090,001
1,099,001
1 073.00

New f o r k U lty C le a rin g H ou se B a n k s .— s ta te m e n t of
condition for the week ending A p ril 26, based on average of
daily resu lts, We omit two ciphers (00) in all cases.
BA N K S.

1 0 1 .0

300.0

B edford .......... .
Broadway. . . . . . .
Brooklyn........
Siighth W ard..,.
itifth Avenue...... .
Manufaot’rs’ Nat’l.
M echanics., . . . . . . .
Merohants’ .............
Nassau N ational..
National C ity ,. . . . .
North S i d e . . '........
Peoples...... ............
Seventeenth Ward
Sprague National.
Twenty-sixth W ’d
Onion..... ..............
Wallabout.............’

12,001
eo.om

0 888,000 3,114,000
7,220,000
3,114,000
10,295,000 12,304,000
21,917,000
7.987,000
35 880 >n'
9 577.000

40,449.000
44,282,000
48,352,000
52,471,000
2b. 144.one

Colonial,,..........
C olu m bia.,.,. . . . . .
Dleveath W ard ...
fourteenth Street,
S a a s e v o o r t.,,,..,,,
Ham 11 to n ....
Mount M orris........
Mutual............
Nineteenth W a rd ..
P l a z a ....... .
ftiveraide,. . . . . . . . . .
State___ ______ . . . .
Twelfth W ard.......
Twenty-third W ’d,
O'nion s q u a r e . ,
Yorkville,. . . . . . . . . .
W a sh in gton .......
F id e lity .— . . .
Vai-lok..................
fefierson ____ . . . . . .
C entury................. 1
W ash'gtonHeights
0 nlted National ..

8oro‘h of Brooklyn.

189.000
184,000

808,000
80,009

Let. T Deposit .wit),
Capi Sur Loans A
S et
plus. In v ev i- dvtcit. JfcB’k. Clear’ i Othes Deposits
..
ta l
Notes Agent
mems.

NUW fOBJt OlTY
,a#j,
built.
59,000

Wheat,
hueh.

[T ol, l x x i v ,

9

14769916
15851900
17601188
19049000

4.993.0 187,270,4
4.970.0 122,088,0
4.970.0 149.184.3
9.805.0 100.047.4
9.339.0 120,944,8
9.817.0 127,475,0

* We omit two ciphers in all these figures.

Members N, Y. Stock Exchange.
Gkobgb Ba r clay M offat.

Moffat

NEW YORK

Branch Office, rt5 State St., Alban y
A l e x a n d s k M. W h it s J k

& W hite,

BANKERS,
MembersONew York Stock Exchange,
N o. 1 NASSAU' S T R E E T ,
-

IN V E ST M E N T

NEW

YORK.

S E C P R ITIES. _________

Tracy & Co., Bankers,

+ Including fo r Boston and PhUadelnnla th e Item " d u e t o oth er b a n ss.”

R e p o rts o f N o n -M em b er B a n k s .— T h e fo llo w in g is the
statem en t o f oondition o f the non -m em ber banks for the
week ending A p ril 26, based on averages of the d aily resu lt,
We omit two ciphersC00) in all cases,

-

Transact a genera! banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
IN V E ST M E N T S E C U R IT IE S .

CHICAGO.

N o . 4 0 W a l l S t r e e t , NKVV Y O U H .
Connected by private wire.
M l lOV A 0 KSH,

D e a l e r s fit H i g h O r t i d o H a n d s .
List of Ourrmt Investment Vferings uni on AppHsafteu,
New York Stock Exchange.

M em b er* j Chicago Stock llixohangw

C « i u m U , t < i \ i O r d era

Ki m m i s J tu j»H ,Hn

r k e fa .

Ma y

THU CHRONICLE

8, 1903.]

prem ium ; com m ercia l, 25c. p rem ium ; C hicago, par;
Louis, par; San F rancisco, 15c. per $100 prem ium .

fBaulijm’ (fetelie.
(> I V I D K N

ItN.

Per When
Cent Payable

Name of Company.
R a ilr o a d s (HtrniiOA tla n tic Coast Lino Hit., p rof...............
N orthern Pactllo, com. (q u a r.)...............
N orthern Securities (q u ar.)..................
P enn sylvania.......... ..................................
P ittsbu rg V irgin ia A Charleston..........
8 t. l.outs A San Fran., 2d prof, (quar.)
S tre e t U a llw a r * .
Cln. N ew p. A C ovington St. B y. (quar.)
M etropolitan St., Kan. City, Mo. (qu.).
tllilted E lec. I,. A P., Baltlmoro, prof.
Bnnlt.
N a ss a u .........................................................
T ru st C o m p a n y .
P eople’ s, B rooklyn (m o n th ly )...............
M isce lla n e o u s.
A m erican D istrict T elegraph.................
A m erioan Radiator, prof, (quar.)..........
Calumet A H ecla M ining........................
Niles-Bem ent-Pond, com. (extra ).........
P eople’ s Gas L ight A Coke (q u ar.)-----Tennessee Coal Iron A R R ., pref. (qu.)

< )2 3

Boohs Closed.
(Pays Inclusive.)

United States B onds.—Sales o f G overn m en t bonds at the
Board are lim ited to $4,000 4s r e g ., 1907, at 111%, and $500
3s, cou p ., at 109%. The fo llo w in g are the daily closin g
quotations : fo r yea rly range nee, third page, follow ing.
Interest
Periods

to
May 10
2 b May 10 May 1
to
May 1
1'u May 1 A pr 20
1 H olders of roe. A p r 30
1 May
3 May 31 H olders o f reo. May 5
3 May 1 Holders of roo. A p r 23
1 J ’ llO 2 May 17
to
Juie 1

1 May '
1 A pr 26
l b May
2 b May 1 A pr 25

to
to

May 1
May 1

to

May 1

4

May

1 A pr 27

1

May

1 H olders of reo. A p r 30

1 May 15 May 6
13
4
$5
1
lb
2

May
May
May
May
May

15
20
15
24
1

to
May 11
to
H olders of reo.
May 11
to
May 14
to
A pr 16
to

May 14
M ay 15
A p r 30
May 15
May 25
May 6

V V A U . S T R E E T , * K i l l A Y . M A Y 3 , 1 9 0 3 . - 5 F. M.

The M oney M arket and F in a n c ia l S itu a tio n .— The gen 
eral ch aracter o f the secu rity m arkets has con tin u ed sim ilar
to that n oted last w eek. The volu m e o f business, n otably
in the shares departm ent, has been larger than the average,
and fluctuations in a fe w cases e x cep tion a lly w id e. The
latter applies especially to some high-grade ra ilw a y issues,
in clu d in g N ew Y ork N ew H aven & H artford and C h icago
& N orth W estern, and to several industrial stocks as to the
real value o f w h ich but little is k n ow n . P rob a b ly less sur
prise has been created b y th e decline o f 114 points this w eek
in International P ow er than there was b y its ad van ce o f 113
points du rin g the fe w preced in g w eeks, and n o doubt the
unusual advance in the railw ay shares m en tion ed w ill be
better understood w hen official plans are better know n.
A n otew orth y even t o f the w eek has been a tem porary
ad van ce in call-loan rates to 15 per cen t, due in part to the
unusually h eavy M ay 1st disbursem ents, but m ore to an in 
clin ation to scrutinize ca re fu lly m u ch o f the industrial c o l
lateral held and bein g offered fo r loans. C oncurrent w ith
this advance in interest rates was a decline in the foreign
exch an ge m arket, w h ich had p reviou sly been strong and
ad van cin g. F avorable w eather has u ndou bted ly im proved
the crop prospect, and if the labor con fe re n ce n o w in p rog
ress results in a satisfactory settlem ent o f m atters under
con sideration, the gen eral situation m ay be regarded as
better than fo r som e tim e past.
The open m arket rates for call loans on the S tock E xchan ge
du rin g th e w eek on stock and bond collaterals have ranged
from 3% to 15 per cen t. T o-d ay’s rates on ca ll 6 to 10 per
cent. P rim e com m ercia l paper quoted at 4 % @ 5 % per cen t.
The B ank o f E ngland w eek ly statem ent on Thursday
show ed a decrease in b u llion o f £439,350, and the percent
age o f reserve to liabilities was 44'88, against 49'83 last
w
eek; the discou n t rate rem ains u nch an ged at 3 per cent.
The B ank o f F rance shows a decrease o f 4,150,000 fran cs
in gold and an increase o f 225,000 fran cs in silver.
The N ew Y ork C ity C learing-H ouse banks in th eir state
m ent o f A pril 26 show ed an increase in th e reserve held o f
$3,325,500 and a surplus over the required reserve o f
$9,461,050, against $6,578,650 the previous w eek.
1902
April 26

Differences
from
previous weeh

$

$

1901
April 27

1900
April 28

$
75,022,700
93,365,000
884,444,900
31,314,900
970,790,500
187,157,800
72,299,600

$
72,222,700
86,348,100
774,548,600
21,128,300
852,062,500
163.468.900
66.621,000

St.

2s, 1930........... registered
2s. 1930.......... ... coupon
2s. 1930 .sma.l.registered
2s, 1930 .small ___coupon
8s, 1918........... registered
*s. 1918..........
8s, 1918, smaU.reglstered
8s, 1918, small ___coupon
4s, 1907.......... registered
4s, 1907..........
Is, 1925.......... registered
4s, 1925..........
5s, 1904.......... registered
58,1904.......... ... coupon

A pr.
20

Apr.
28

Apr.
■9
S

Apr.
SO

Mo'll
1

Mazy
2

Q —Jan *109b *109b *109b *109 b *109b *109b
G —Jan *109b *] 09 b *109 b *109 b *109 b *109b

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

_ _ ..
_

Q —Feb
Q —Feb
Q —Feb
Q —Feb
Q —Jan
G —Jan
Q —Feb
Q —Feb
Q —Feb
G -F eb

......

_____

-----

.......

*108*4 *108*4 *108*4 *108*4 *108*4 *108*4
*109b *109b *109b *109 b **08*4 *108*4

____

*109b
*11 l b
* in b
*138
*139b
*105*4
*107

___ _...

*109 b
* lllb
* lllb
*138
‘ 139b
*105*4
*107

*109b
*111 b
*11 l b
*138
*139b
*105*4
*107

......

*109 b
111b
* lllb
*138
*139b
*105*4
*107

**08*4 ‘ 108*4
111b * l l l b
*111 > *11 l b
4
*137*4 *137*4
**37*4 *137*4
*105*4 *105*4
**05*4 *105*4

•This Is the price bid at the morning board; no sale was made.

State and R a ilr o a d B on d s.—Sales o f State bonds at the
Board in clude $36,000 Tennessee settlem en t 3s at 96% to 96%
and $590,000 V irg in ia 6s deferred trust receipts at 9 to 10%.
The m arket for ra ilw a y bon ds has been som ew h at irregu 
lar in sym pathy w ith the stock m arket and less a ctiv e
than last w eek, a lthou gh daily transactions were abou t up
to the usual average.
Standard R ope & T w ine in com e 5s have been con sp icu 
ously a ctive and a d van ced from 14 to 19, subsequently losin g
about h a lf the gain.
R a ilro a d and M iscella n eou s S tock s.—The stock m arket
has displayed m u ch less a c tiv ity than last w eek , bu t the
transactions, a m ou n tin g to n early 1,000,000 shares per day,
w ere still w ell above th e average.
There has con tin u ed to be a good deal o f irregu larity,
especially n oticea b le in high -grade issues, w ith varyin g
results. N orth W est, com m on advan ced nearly 20 points
and the preferred 15 points, a large part o f w h ich has
been retained in both cases.
N e w Y o r k N ew H aven &
H artford was b id up 19 points in ad d ition to the ad van ce ,
noted last w eek, and, a fter losin g 15, closes w ith a net gain o f
16% points w ith in the tw o weeks. M ichigan C entral added 14
points to its m arket value on bids fo r a fe w shares. Central
o f N ew Jersey has been m ore a ctiv e than fo r som e tim e past,
and w ith St. Paul, R ock Island, Illin ois C entral, L ouisville
& N ashville and M inneapolis & St. Louis preferred ad van ced
from 4 to 5% points. P ennsylvania, D elaw are & H udson,
N ew Y o rk Central and oth er V a n d erb ilt stocks have been
strong. On the oth er hand, Canadian P a cific lost abou t 6
points o f its recen t ad van ce, and the A tch iso n issues, U n ion
P acific, Southern P a cific and B altim ore & Ohio sh ow ed a
ten d en cy to weakness. A sharp decline to-day, esp ecially
during the last hour, carried a lo n g list o f stocks d ow n from
3 to 5 points, R utlan d preferred lead in g in a drop o f 18 points.
The fluctuations noted above seem tam e w h en com pared
w ith those o f som e industrial issues. In tern a tion al P ow er
was the leader in this respect, sellin g at 199 on Tuesday, an
advance o f over 92 points w ith in tw o w eeks, and droppin g to
85 to-day. A t the same tim e N ew Y o r k A ir Brake sold at
161, a decline o f 29 points w ith in the w eek , and P ullm an
C om pany shares at 250 show ed an advan ce o f n early 12
points. A m erican Sugar R efin in g, A m erica n C otton Oil,
A m erica n Ice , Pressed Steel Car, R ailw ay Steel Spring and
W estinghouse E. & M. w ere stron g features u n til to-day,
w h ile the iron and steel issues w ere g en era lly w eak.

F or daily volume o f business see page 930.

O utside M a rk e t.— The w eek on the cu rb has been an ex
citin g one, w ith a larger tota l o f sales than in an y like period
fo r a lon g tim e. P rices gen erally a d van ced early in the
C apital...................
83.622.700
103.655.700
S u r p lu s .................
week, bu t this has been follow ed the last tw o days b y sharp
Loans A discounts 893,364,100 Deo 1,097,300
reactions, and to-day the m arket was w eak. T ransactions
6,600
Circulation............
30,970,300 Deo
954,546,600 Ino 1,772,400
N et d ep osits.........
in G eneral Carriage form ed a large part o f the dealings and
S p e cie ....................
761,000
173,094,000 In o
the p rice o f this stock has fluctuated violen tly. It reached
Legal tenders.......
75.003.700 In o 2,563,900
20% on Tuesday, but on W ed n esd ay, affected b y the w ea k 
Reserve held_____ 248.097.700 In o 3,325,500 259,457,400 230.089.900 ness o f International P ow er on the S tock E xoh an ge, it
26 p. c. of deposits 238,636,650 In o
443,100 242,697,625 213,015,625
dropped to 5. Its range since then has been betw een 4 and
16,759,775
17,074,276 7%,_ closin g at 5 % @ 5 % . B ay State Gas w as also v ery a ctiv e,
9,461,050 In c 2,882,400
Snrplns reserve
selling up to 4 (fo llo w in g the appearance o f th e L aw son a d 
NOT*.—Return* o f separate banks appear on page 922.
F oreign E xchan ge.—The foreign ex ch a n g e m arket was vertisem en t asking deposits o f s to c k ), bu t q u ietin g d ow n
firm and rates high during the early part o f the w eek, bu t to-day and closin g at 2% . T he B rooklyn R apid Transit n ew
4s (w hen issued) cam e ou t at 87% @ 87% ; and the stocks
becam e easier on a firmer m on ey m arket tow ards the close.
T o-d ay’s actual rates o f exchange w ere as fo llo w s: B ankers’ o f the V u lca n D etin n in g Co. at 34%@3(1 fo r com m on an d
six ty days’ sterling, 4 85% @ 4 85% ; dem and, 4 87% @ 4 87,%; 80@82% fo r preferred, C onsolidated Storage B attery at 15@
cables, 4 88% @ 4 88%; prim e com m ercial, six ty days, 4 84%(d> 17%, and U nited Copper Co. at 32% @ 36% , all m ade their
4 84% ; docu m en tary com m ercial, six ty days, 4 84% @ 4 85%; initial, appearance. Copper shares have been a ctive and
grain for paym ent, 4 85% @ 4 85% ; cotton for paym en t, 4 84% quite strong. Som e o f the m ore im portan t changes w e give
below , the prices being (in order) last F rid a y ’s closin g, the
(®4 84%; cotton for a ccep ta n ce, 4 84% @ 4 84%.
highest this w eek and to-d a y ’s final p rices: Storage P ow er,
Posted rates o f leading bankers fo llo w :
9 % -1 4 % -9 % ; N. Y . T ransportation, 1 8 % -14% -13% ; E le c
May 2
Demand
Sixty Pays
tric V eh icle com m on 6 % -8 -8 , p referred 1 0% -13% -13% ;
A m erican Can com m on 1 3 % -14% -14% , p referred 55% -58Prim e hankers’ sterUng hills on London. 4 86
@4 86b
4 8 8 b ® 4 89
Prim e com m ercial.......................................... 4 84% ® 4 847s
57%; A m erica n H ide and L eath er com m on 8-9-9, preferred
Docum entary com m ercial........................... 4 8 4 b ® 4 8 5 b
44% -46-45; N orthern Securities, 102-104 (w ith dividen d 1%
Paris hankers’ 1F rancs).............................. 5 1 7 b * ® 5 1 7 b
6 1 6 b ® 5 168**
Amsterdam (guilders) hankers................... 39i
on )-102% x d iv .; Standard Oil, 624-640-640; Greene C onsoli
40
40 b ® 408l9
Frankfort or Brem en (relchm ’ ks) hankers 94iBj«® 95
9 6 b ® 95<q8
dated Copper, 22 % -2 6 % -2 6 % ; U nion Copper, 8 % -4 % -4 ;
* lms q«.
Tennessee Copper, 11-13-13; and W h ite K n o b Copper, 2 5 % The follow in g were the rates o f dom estio ex ch a n g e o n 27%-25. H ack en sack M eadow s sto ck was offered, dow n to
New York at the under-m en tion ed cities to-d a y : S a v a n n a h , 74% this aftern oon w ith ou t bids, and tra d in g in D om in ion
bu yin g 75c. discount, selling 75o. prem ium ; C harleston, Securities also seem ed to stop a b ru p tly. (Quotations w ill bo
bu yin g par, selling % prem ium ; N ew Orleans, bank, $1 00 fou n d on page 930.

New York Stock Exchange—Stock Record, Daily, Weekly and Yearly"
OCCliPViNC; T W O
ST O C K S -- H I Q U E S T A ND X O W ES T 8 A X A BJi 1 C ES
atll'Ui au ‘i
A p r il 26
*42
44
•67
69
8 1 % 82 %
9 8 % 99%
K>8% 109 4
95
95
7U
70 4
1L5 115
*1 4 0 14 J 4
1 2 8 % 129%
92 % 93
*190 193 4
48
48%
37% 38
4 76
77
*
167
«
145
” 25% 26%
91% 92%
89
• »0
* 40% 47 4
71 H 72%
i
82
82
169 ^ 170%
191 191
253 253
2 60 2 6 0
173 % 174

M onday
A p r il 48
*42
69
814
98%
108%
U
69%
115
*1404
1284
93
192
48 %
8<
nL 1
i
<0 ^
167

1 Tuesday

44
7-2

99
109%
96
72%
115
1414
129%
93%
196
48 %
37%
76 4
167
144
2 6 % 2 6%
92 4 92 4
*88
89
46 4 4 6 4
7 0 % 72 4
82
82
1694171%
192 192%
253 4 2 6 0 4
2 5 9 4 268%
173 % 175

31
31%
73% 73%
4 5 % 45 4
176 1 7 6 4
*284 291
43 4 43%
*92
924
•25
50
65
*30
48
494
21% 22
41% 42
17 4 17%
32% 32%
39% 40
70% 70%
65
55%
*59
59 4
90
*8 8
*46
49
1 85 185

20% 21
38 % 39
21
22%
59
60
1064107
1214 1214
3 1 4 32
74
74
45
4 5%
177 18 0 %
290
43% 44
92
92
*40
50
*30
65
48% 50
21
21%
4 1 % 4 1%
1 7 % 17%
32
32 4
39% 39%
70% 70%
55
55%
584 584
*89
90
*46
49
1854187%

84
84%
9 1 % 92
148 1 4 8 4
48 78 48%
* 8 8 78 89
424 424
82%
82
* 2 6 4 27
60 4 6 0 4
3S% 3 8 4
85
*82
6 7 4 68
*130 133

84
85
914 914
148% 149%
49
5 0%
88% 9 0%
42% 4 2 4
82
82 4
26
2 6%
60
60%
38 % 40
*82
85
6 7 4 68 4
130 130

9 0 4 90%
12841294
135% 135%
118 118
1 5 2 4 152%
*394 404
•90% 91 %
2 9 4 29%
‘ 19% 20

87 4 90
127 4 1 2 9 %
135% 136%
118
118
152 4 153%
-3 9 4 41
*90 % 91%
29 %
29
19 % 20
42 5o
179 185
112% 1 1 4 4
122 4 127%
60 4 61%
1 2 3 % 125%
25% 26%
56
57 %
100% 1014

20*4 20%
38
38
21%
21
*57
59
1 0 0 % 100%

AA

1 75 1 783,
112% 112%
*121
123
60% 62%
122 125
2 5 7s 25%
56
56
101 101%
51984 1984
108% 108% 106 107
160 162% 162 163%
53
u4%
534 534
1115 119
*115 120
89% 89%
894 894
2 48 255
2 3 6 % 248
34% 35 %
35
35%
59
58% 5 9 4
594
9 0 4 90%
90 4 9 0 4
70
*6 7
*6 7
70
*103 106
*1 0 3 106
80
*77
80
*77
151% 152% 152 % 1 5 3 4
45
•43
46
45
*73
75
*83
90

66% 6 7 4
8 6 % 87
72%

73%

65%
864
71%

68%
87
73%

A p r il 29

W ednesday
A p r i l 80

T h u r sd a y
M ay 1

ft AUEtt
’
Sanyo lo r Jxreviom
Sales of L an ge fo r Year 1002
On basis of 100-share lots
Y e a r (1 9 0 1 )
the
Week
Shares
Lowest
H igh est
Lowest
H igh est

STOCKS
N E W Y O R K STOCK
EXCHANGE

F r id a y
M ay 2

I t a ilr o u iia .
45
*43
45
*42
45
*42
45
\ nil A r b o r ..........................
7A. Do p r e f ...................... ..
71 % 72
72
72
72
72
73
83% ^ 79 4 81 %
80
HI
78
80 % A tell. T o p e k a A S an ta Pc.
9 8 % 99%
98% 0 9
9 8% ' *3 %
l>o p r e f ............. ...........
97 4 98%
107% 108% 107% 109% 107
108% 109
108 4 1 > aitiu iore A O h i o ...........
96
96
96
9 6 4 * > D o p r e f........... ..............
96
§ 9 6 4 9 6 4 *9 5
6 8 % 71
69
70
6 7 % 69 4 B ro o k ly n R a p id T r a n s it ..
70% 7 1 4
115
*112 % 120
115
*112% 120
<112% 117% B u ffalo R o c h . A P itta b ’ g .
* 140 111 % '1 4 0
1 4 1 4 m ;; o i -U 4 *1 4 0 1 4 1 4
i>o p r e f ..........................
127% 129
126 127 4 125% 127% 1 2 2 4 1 2 0 4 / ia n adian P a c ific .............
96
9 5 % 95%
93
93
95% t Canada S o u th e r n .............
93 4 9 6 %
190
192 192
C en tra l o f N e w J e r s e y ...
1 9 4 4 1 9 5 4 192 4 1 9 2 % *192
4 7 % 48
47% 48
47% 48 %
4 0 % 4 7% C h esa p ea k e A O h io ...........
3 7 % 37 4
37 4 37%
36 4 3 7 4
36 4 67% C h ic a g o A A lt o n .................
76% 70%
§7 6 % 76%
76
76
D o p r e f ..........................
169
165 166% *100
167 167
107 107
C h ic a g o A E a st’ n Illin o is
* .._ . 1 4 4
. 1 4 1 * ..........144
20
2 7% 29%
27 % 2 8 4
2 6 % 28
C h ic a g o G re a t W e s te r n ..
27 4
92
9 2% * 9 1 4 92 4 <91
9 2 4 * 9 1 4 92 4
D o 4 p. c. d e b e n tu re s
8 9% 90
86% 89
88% 90
*8 9
90
D o 5 p. c. p ref. “ A ” ..
47
48%
46% 1 7%
D o 4 p. c. p re f. “ B ” ..
47 4 48
46 4 4 8 4
70
7L%
72
74% C hic. India nap. A; L o n isv .
68
70 4
69% 72 4
82
82
8 1% 81%
82 % 85 %
81
824
D o p r e f ..........................
170% 172% 171% 173% 17 3 % 175
1 7 0 174 4 C h ica g o M ilw . A St. P aul.
19 3 % 194
134
193 193
D o p r e f..........................
192 4 1 9 3 4 193
261
2 0 5 270
2 6 5 266
271
2 6 4 271
C h ica g o A N o r th W e ste rn
269 274 4
2 7 3 273 4
D o p re f
,1 7 4 % 180% 177 180% 1 7 8 4 1 7 9 % 175 179
C hio. R o c k I s l ’ d A P a c ific
165 174
C hic. St. P. M in n . So Oin.
1 7 0 4 1 7 0 4 *1 0 0 171
200 210
195 195
D o p r e f ..
21%
2 1 % 21%
21
20% 2 1 4
20
20% C h ica g o T e rn iT T r a n s fe r .
3 8 % 39
3 8 % 39%
38
39%
D o p r e f ..........................
37
3 7%
2 0 % 21% C h ica g o U n ion T r a c tio n .
22
23
2 L% 2 2 %
2 1% 2 2 4
57
57
58
584
D o p r e f ___
106 1 0 6 4 105 4 106% 1 0 0 % 100% 1 0 4 % 105
C lev e. C m . C hio. A St. L .
*118% 123
D o p r e f ...
3 0 % 31%
31
314
29 4 3 1% C olorado*A So., v o t. tru st
3 1 4 32
7 3 4 73 4
73 % 74%
D o 1st pf. v o t. tr. c fs
73 4 74
73% 7 3 4
45%
4 3% 45
4 4% 4 5%
45
D o 2d pf. v o t. tr. ctis.
43 4 44
179 180% 1 7 6 % 1 7 9 4 1 7 8 179% 175 1 7 7 4 lY e la w a r e A H iid so n . . . .
*285 290
*282 286
288 288
282 282
H ^elaw . L a ck . A W e s l ’ 11 .
43% 43%
42
43
43% 44
43
43 4
D e n v e r A R io G r a n d e ___
91% 92
9 1% 92
91% 92
91
91%
D o p r e f ..........................
*25
50
*25
50
*25
40
*2 5
50
D eliv ered S o u th w e s te r n .
*30
65
*3 0
65
*3 0
65
*30
65
D o p r e f ......................
47
48%
4 7 % 47%
45
45 4 D es M o in e s A F t. D o d g e.
4 8 4 49%
20%
20
19% 21%
19 % 22% D etroit S o u th .v o t. tr. etfV
1 9 4 20%
40
42 %
4 0 4 41%
40 % 43 4
D o p ref. v o t. tr. otfs.
3 9 4 41
16% 16%
17
16 % 17
17%
15
1 6 4 D u lu th So. S h ore A A t l . .
31
31
32
32
3 0 % 31
D o p r e f ............... ..........
30 4 3 1 4
3 9 % 39%
38 4 39%
39
39 4
37 4 39% I ? r i e ........................................
69% 70%
70
70%
69% 70
69
69% L i D o 1 st p r e f...................
55
55%
54 4 55
*54% 5 5 4
5 3 % 54
D o 2d p r e f........... .......
*58
*58
59
*5 8
59
59
E v a n s v . A T e r r e H a u t e ..
57
58
*89
*88
90
90
*86
90
D o p r e f..........................
*8 6
90
* .......... 4 8
*46
48
*46
48
F t. W o r tliA D e n . C .,stm p
186 1 8 7 % *1 8 6 1 8 6 4 *186 4 1 8 7 4 1 8 5 4 1 8 6
G re a t N o r th e r n , p r e f..." ..
G reen B a y A W e s t e r n ...
Do
'
d eb . ctf. A
22
22*0
21
22
20
20
Do
d eb . otf. B
214 214
84% 8 5%
84
84
F T o c k in g V a lle y ...............
8 3 4 8 4%
82*2 84
91% 91%
91% 91%
91
91%
9 1 % 91% l l . D o p r e f................... .
149 15 0 % 1 5 0 153% 153% 15 5 % 152
155% 1 llin o is C e n tr a l.................
49
50
49 % 50
48% 4 8 %
47 % 48 % I o w a C e n tra l......................
89
90
88
88
D o p r e f..........................
*87
88
* 8 7 4 89
42% 42 4
an aw h a A M ic h i g a n ..
42 4 42 4
42 4 4 2 4
4 1 4 41 %
82
8 3 % 83%
83
83
83 % IV c .F t.S .(& M .,t r . cts. p fd
82 4 8 3%
26
2 6%
2 5 % 2 6%
26
26%
20
2 6 % K a n sa s C ity So. v o t. t r . ..
59% 60
5 9% 60%
58% 5 9 4
D o p re f. v o t. tr. c tfs .
5 8 4 59
39
40%
30
36 %
K e o k u k A D e s M o in e s ...
31% 35
35% 4 0 4
*80
84
82
85
D o p r e f ..........................
*7 8
80
83 4 *80
68
68%
6 7 % 67 %
65
67
IT a k e E r ie A W e s t e r n ...
67% 6 7 4
L i D o p r e f ..........................
* 128 133
* 1 2 8 132
<128 133
§ 1 3 0 130
L. S h o re A M ich . S o u th ’n
89
90
88
89%
88
89%
87 4 91 % L o n g Is la n d ..........................
1284129% 1274129
128 133% 1 3 2 % 1 3 9 % L o u is v ille A N a s h v i lle ...
135% 136% 13 4 % 136% 135 13 5 % 1 3 2 % 135% iV Tanhattan E le v a t e d . . .
118 1 18 % 1 1 7 4 1 1 8
117 117% 1 1 5 4 1 1 5 t. i ’ X e tro p . S ecu r., su b . r e c
152 4 152% 152 152 4 15 0 % 151% M e tr o p o lita n S tr e e t ..........
1 5 2 4 153
M et. W e s t S ide E l. (C h ic.)
* 3 9 4 41
* 3 9 4 41
* 3 9 4 4 0 4 * 3 9 4 41
*9 0 % 9 1 4 *90% 9 1 4 *9 0
9 1 4 *8 9 % 9 1 4
D o p r e f........................
29%
28% 2 8 4
2 8 4 29%
28
28% M e x ic a n C e n tr a l.................
1 9% 19%
19% 20%
19 % 19%
1 8 % 19% M e x ic a n N a t’l tr. r e c e ip ts
4 2W A In
> .A
41 V 4.8X>
>
42
42%
4 2 % 42%
185 192
186 187
M ic h ig a n C e n tr a l...............
*175 190
M in n e a p o lis A St. L o u is .
114% 114% 1 1 3 % 1 1 4 4 114 il4 %
1124H 4
D o p r e f........................
*126 130
127 127
*125 129
M in n . S.^P. & S. S. M a n e .
6 0 4 61%
6 0 4 6 0 4 * 5 9 4 61
6 7 4 60
1 2 4 % 125% 123 4 124% 1 2 4 4 1 2 5
D o p r e f ..........................
121 4 1 2 4 %
2 6 % 26%
2 5 % 27
26
2 6%
2 4% 26% M o. K a n sa s A T e x a s ........
57
D o p r e f..........................
58%
5 7 % 58%
5 6% 57%
57 4 58%
100% 1 0 1 4 1 0 0 % 101% 1 0 0 % 101%
9 8 % 101% M iss o u ri P a c ific .................
M o rris A E s s e x ...................
\J ash. C hatt. A St. L o u is
106 109
108 108
1 0 5 % 1 0 7 4 106 1 0 6
1 6 0 % 1 6 1 % 1 5 8 161% i ^ Y . C en tra l A H u d so n .
161% 1 6 2 4 1 5 9 % 1 6 2
53 % 54
53
54
* 5 1 4 53
5 1 4 52 4 N . Y . C hic. A St. L o u i s ...
D o 1 st p r e f ...................
*115 120
*115 119
*115 1 2 0
*115 120
89
D o 2 d p r e f ...................
89
*87
8 9 4 *87
8 9 4 *87
394
N . Y . L a ck . A W e s t e r n ...
N . Y . N . H a v e n & M a rti.
240 249% 245 2 4 7 4 242 2 4 5
240 244
34% 3 5%
33% 34%
3 4 % 34%
3 3 % 34% N . Y . O n ta rio A W e ste rn .
58% 58%
5 7 % 58%
5 8 % 58%
5 7% 58% N o r fo lk A W e s t e r n ...........
D o a d ju stm e n t, p r e f.
90
90
91
904 904
9 0 4 9 0 4 *90
p a c i f i c C oa st C o ...............
*67
70
63
68
*6 8
70
*68
72
1 D o 1 st p r e f ...................
-1 0 3 107
<102 106
*1 0 2 106
D o 2d p r e f................. .
*7 7
80
*76
80
*7 7
82
1 5 1 4 1 5 2 % i52’ 154% 1 5 2 4 1 5 4 % P e n n s y lv a n ia .......................
1 5 2 4 153
*44
46
*44
47
*4 4
46
4 4 4 4 4 4 P e o ria So E a s te r n ...............
Pare M a r q u e tte ...................
*73
75
*73
75
*73
75
*73
75
D o p r e f..........................
*83
86
*8 3
86
*83
86
*83
86
88 % 88%
90
9 2 4 P ittsb . Cin. C hic. A St. L.
91
924
D o p r e f..........................
*116
.........
67
65% 67%
68
66% 6 8 %
6 4 4 67 % p e a d i n g , v o t ’ g tr. c t f s ..
86
8 4 % 86% Lv> 1 st p ref. v o t. tr. c t f s ..
86%
85
86%
80
86%
2d p ref. v o t ’ g tr. c t f s . . .
72% 73%
70% 72%
70
72%
7 2 % 72%
*42
72

......
1,750
181,770
19,850
2 L .n o
8 ‘J o
110,075
510
%
6 6 ,0 5 0
11,900
3 ,2 0 0
1 9 ,8 5 0
4 ,7 9 0
5 50
1 ,1 0 0
144,460
1,900
1,410
3,700
64,435
0,250
45 5 ,2 0 0
6 ,5 9 0
2 2 ,4 8 5
4 ,2 0 0
13,090
150
2 00
4 ,4 0 0
0,500
4 7 ,4 4 0
1 ,4 0 0
4,900
2 00
8 2 ,2 0 0
1,800
5.35U
3 4 ,2 9 0
700
3 ,1 0 0
4,005
5 ,7 1 0
18,000
10,400
7 ,3 4 5
2 ,3 6 5
4 8 ,9 0 0
1 0 ,0 /U
1,900
900
2 00
49
9 ,1 0 0
2 ,1 0 0
12 6 ,1 0 0
5 ,0 0 0
4 ,7 0 0
3 ,3 5 0
5 ,4 2 3
4 ,2 2 0
5 ,4 0 0
1 5 ,0 1 0
300
1 ,9 0 0
1 00
60
3 6 ,3 0 0
89 ,6 3 5
7 0 ,9 1 0
4,204

10:310
16,420
2 5 ,9 0 0
12,700
2', 020
7 ,9 5 0
1,450
5 ,4 0 0
7 ,3 4 0
14,900
54,350
83,900
40
3,800
138,635
4 ,7 0 0
4 00
9 ,2 6 5
3 7 ,7 5 0
19,167
690
2 00
«•••••

30 2 ,2 0 3
200
......

6,100
316,350
10,600
6 3 ,1 0 0

33

F e b 20 46 A p r 9
J a n 9 73 A p r 29
74% Jan 27 8 4 % A p r 18
95 H J a n 27 103% Jan 0
i
1 0 1 J a n 14 NO A p r 18
93% F e b 21 97 J a n 2
00% F e b 14 7 2 % A p r 28
110 A p r 4 118% J an 3
L39 A p r 2 144 F e b 19
1 12% Jan 28 129% A p r 25
8 5 % Jail 0 9 6 % A p r 30
188% J a n 17 198 J a n 0
45 F e b 20 49 A p r 25
3 3 % Jan 22 39 % A p r 19
75 M ar 1 7 7 % A p r 19
134% Jan 21 174 A p r 14
137% J an 1 l 144 A p r 12
2 2 % J a n 25 29% A p r 30
91 J a n 8 9 2 % F eb 14
83% Jail 22 90 A p r 17
43 % J an 24 4 8 % A p r 30
49 % J an 14 7 4 % M t*y 2
75 J ail 10 85% M ay 2
1 60% J au 27 175 M ay 1
180 J a n 14 196% A p r 4
204% J a n 14 271 A p r 29
230 Jail 18 274% A p r 2 9
L52 J a n 15 181% M a r22
140 F e b 6 170 % A p r 30
195 M ar 0 210 A p r 15
16% F e b 21 2 3 % A p r 21
30% F e b 20 42 A p r 21
10% J a n 8 23 A p r 29
14% M a rl 5 60 A p r 2 8
95 % J a n 14 107% A p r 24
118 J a n 21 1 2 3 % F e b 6
14% J an 15 33 A p r 19
59% J a n ) 5 75% A p r 21
28 J a n 14 47 A p r 21
170 M ar 11 1 8 4 % J a il 7
253 J a u 15 297 F e b 4
41 A p r 7 47 A p r l ?
90% J a n ‘21 94% F eb 13
40 A p r 22 49 J a n l o
49 J a n 20 04 F e b 24
39 F e b 1 50 A p r 15
13 F e b 3 22% M ay 2
33 F e b 24 4 3 % M ay 2
lo
J a n 15 18% A p r 9
18% J a n 14 35% A p r 9
35% M a r l 2 4 4 % J a n 2
66% M a r l l 75% J a n 2
52% A p r i l 63% J an 2
50 M a r‘2 6 7 4 % M a r 7
85 M a r2 6 104% F e b 27
30 J a n 2 51 % A p r 2 3
181% M a r 5 191 J a n 6
75 J a n 8 8 4 % A p r 9
70 J a n 11 87 A p r 9
9 J a n 8 25 A p r 9
66 J a n 15 8 5 % A p r 2 9
8 1 % J a n 14 92% A p r 3
137 J an 14 1 5 5 % M ay 1
3 7 % J an 15 51% M a rlO
71 J an 14 9 0 % A p r 28
> 3 % J an 2 0 42% A x>i 4
>
8 0 % J a n 2 8 5 % F e b 24
19 J a n 15 28 A p r 21
44 J a il 14 02% A p r 21
13 J an 15 40% A p r 29
45 J an 2 84 A p r 22
64 J a n 15 7 1 % J a n 3
125 J a n 15 138 F e b 6
325 A p r 7 340 A p r 2 5
78% J a n 15 9 1 % M ay ‘2
1 0 2 % J a n 27 139% M ay 2
128 M a r l 2 140% J a n 29
115 A p r 28 1 1 8 % A p r 2 9
]5 0 A p r 12 174 ~ F e b 5
38 F e b 7 43 J a n 6
89 M a r 3 91% M a r22
25% J a n 15 3 1 % M a r 31
1 4 % J a n 15 20% M a rlO
4 0 % F e b 24 4 5 % M a r l 8
§ 1 5 0 M a r 7 192 A p r 29
105 J a n 27 115 A p r l 9
118% J a n 22 127% A p r 28
3 6 % J a n 2 64 A p r 5
90 J a n 14 1 2 5 % A p r 28
24 M a r 5 2 7 % A p r 18
51 J a n 13 58% A p r 29
96% M a r l l 107 J a n 2
§195 J a n 21 § 19S % A p r 2 6
80 J a n 24 122 A p r 2 2
156% A p r 2 3 168% J a n 2
4 6 % J a n 15 54% A p r 17
119 F e b 6 124% J a n 27
84 F e b 4 90% A p r 3
1 3 8 % F e b 3 §141% A p r 15
2 0 9 % J an 30 255 A p r 28
32 M a r l l 3 6 % J a n 2
55 J a n 14 59% A p r 25
90 F e b 21 93 J a n 14
68 A p r 30 75% M a r 8
10(1% J a n 6 106 M a r2 5
79 J a n 20 8 2 % M a r 8
147 J a n 14 1 5 4 % M ay 2
39 J a n 8 4 7 % A p r 9
71 F e b 15 83 J a n 14
83 A p r 24 §85 M a r 2 5
80 % J an 7 9 2 % M ay 1
113 M a r‘25 114% M a r 20
52% M a rlO 6 8 % A p r 2 8
7 9 % M a rlO 87 A p r 22
60 J an 14 7 4 % A p r 22

03

20 F eb
50 S ep
42% J a n
70 May
81% Jan
83% Feb
65% O ct
77 M ar
116 M ar
87 Flay
5 4 % Jau
L 45% Jan
20 May
27 May
7 2 % Jan
91 Jan
120 % .Jan
16 J an
90 J ’ ly
75 May
41 D e c
23 Jan
58% Jan
134 May

,1 13

168 % J an
207 M ar
116 % J an
L25 . M ai
180 M ar
10% Jan
28% D e c
12 J a n
58 May
73 May
115% J an
6% J an
40 Jan
16 % J an
105 May
188% Jan
29 % J an
80 Jan
49 N ov
69 J ’ly
18 Jan
14% D e c
36 D e c
4 % F eb
13% Jan
24 % M ay
59% Jan
3 9 % Jan
41 Jan
81 Jan
17 Jau
167 % M ay
50 F e b
65 J an
7 % J an
4 0 % May
69% Jan
124 May
21 Jan
48 Jan
21 Jan
77% D ec
1 3 % Jan
3n J an
5% Jan
24 Jan
39% Jan
108 % Jan
§230 A p r
67 J an
7 6 May
83 M ay
150
27
79%
12%
3%

34 N o v
60 D e o
91 J ’ nq
108 M ay
114% M ay
97 J ’ na
88% A pr
122 N o v
140 N o v
117% May
89 N o v
196% D e o
52% May
50 % A p r
82% A p r
140 N o v
136 A p r
27 N o v
94% M ar
9 0 % J ’ nq
56 M ar
6 2 % D eo
77% Sep
188 M ay
200 M ay
215 M ay
248 A p r
175 % J ’ n c
140% N o v
201 A p r
31 A p r
57% A p r
20% M ay
60 M ay
101 N o v
124 N o v
18 A p r
60 D e o
28% A p r
L85% A p r
258 D e c
6 3 % M ay
103% J ’ no
71 J ’ ne
69 J ’ly
45 J ’ ne
17 D e c
40% D ec
12% J ’ ne
2 2 % Sep
4 5 % J ’ ne
75 D e c
62% D e c
68 A p r
95 A p r
36 A p r
208 M a r
59% A pr
67% F e b
11 % A p r
75% D ec
8 8 % D eo
154% J ’ ne
43% J ’ ne
87% J ’ly
41 J ’ ne
81% D eo
25 A p r
49 A p r
18 % O c t
45 % Sep
76% N ov
135% Sep
§355 N o v
90 D e c
111% J ’ n e
145 D e o

M ay 177
J an 41
Jan 93
J an 3 0
J an 1 5 %

107% M a r
67% J an
101% J an
15 M ay
49 A p r
15 J an
37 M ay
69 Jan
§191% Jan
§70 J ’ ne
139% J an
16 May
97 M ar
47 M a i
1134% Jan
§206% F e b
24 May
42 Jan
82 F o b
52 F e b
89 F e b
63 J an
137 M ay
14% Jan
33% J an
72 J an
57 J an
88 J an
24 % J an
65 May
38 J an

180 N ov
111% J ’ly
124% O ct
86% N o v
94% N o v
35% A p r
68% A p r
124% J ’n e
197% A p r
§82% N o v
174% N o v
o7% Sep
120 S ep
95 S ep
139 F e b
217 J ’ ne
4 0 % M ay
61% !Nov
92% ISov
78 D e o
103% D e o
83 N o v
161% A p r
50 S ep
94 N o v
86 J 'lie
81 D e o
113 D e o
58 D e o
82 'tt D e o
64% D eo

BANKS AND TRUST COMPANIES—BROKERS' QUOTATIONS
B anks
NEW YORK
CITY
A m e r ic a ^ ]. . .
A m e r E x c h ..
A s t o r .............
B ow ery 1 . . . .
1
B roadw ay...
B u tch ’s A Dr
C e n t r a l..........
C e n tu r y ___
C h a s e ............
C h a t h a m ___
C h e m ic a l___

B anks
C itiz e n s’ ........
B id /I S C ity .................
n,
530
550
C olon ia l n . .
« mm m C o lu m b ia ^ . .
mr
n
275
700
C o m m e r c e ...
C orn E xefP j.
300
300
E a st R iv e r ..
325
150
E m p ’ eS taten
F i d e l i t y ! ___
195
185
150
170
F ifth A v o l )..
700
Fifth,...............
F irst ( n e w ) ..
335
350
4 150 . . . . . . 1 4 ill S t r e e t !.

B id
f213%
645
385
350
1 367
NGO %
155
195
210
3900
875
850
200

A sk
650
390
480
210
425
875
300

B anks
F o u r t h ..........
G a lla t in ........
G a n se v o o rtn
G a r f ie l d ........
G erm a n A m i)
G erm an E x ’]
G e r 111auian -G re e n w ioh ]\
Ham iltouU
H a n o v e r ." . . .
H id e iV L*ath
;
1nip <& T r a d .
I r v i n g .........

B id

A sk

240
440
140
500
1157 %
350
600
310
LOO 175
085
000
160
650
......
220

B anks
JF lV ersonn ...
L e a th e r M fr .
L ib e r ty ........
L in c o ln .........
M an h attan n .
M ar k e t A F ul
M e c h a n ic s ’ .
M ooli A Tran
M e r c a n t ile ..
M o roll Ex oh.
M e rch a n ts’ . .
M e tr o p o lis 1
|
Mb M o r r is l!..

B id
175
255
050
1000
330
1260%
290
150
295
150
185
800
1239%

* Bui and a sk ed p rice s; n o saLes w e re m ade o n th is day.
§ L oss m a n 100 sh ares.
t Ev rig h ts,
1 S ale at S to c k E x c h a n g e o r at a u c tio n th is w eek , s lTust* Oo. c e r tific a t e s .
b N e w sto ck .

A sk

B anks
M u tu u lll........
N assau ll ___
270
. . . . . . N e w A lu ster
. . . . . . N e w Y ork Co
350
A N Nat Ex
.......... N ow \ o r k .. .
300
19th \Vanin.
170
N orth A m or.
3 1>
5
O rien tal'll.....
P a c illo ll........
165
l‘a r k ...............
195
*»•••« P e o p le ’ s 1 )....
. . . . . . P h o n i x .........
fl S ta te bauks*

B id

A sk

275
190
700
1600
225
8 85
150
270
210
205
640
2 50
1110%

......
......
725
,.....
......
350
......
290

B id
B anks
1 P la z a ll........... 550

P rod K\oU1j.
I R iv e rs id e !1
1s e a b o a r d . . . .
'S e c o n d .........
Se\ entU.uow
s h o e A Loth.
Staten ...........
1 2 ! U \\ a n il ......... 23d W a r d l,..
060 ) U uton S q li.. .
......... U n ited N a n .
\ anok

a K\ d iv id e n d a u d righ ts.

J ’ ne
N ov
S ep
M ay
O ct

to o
800
oOO
09 0
125
120
59 0
110
l 10
825
125
200

StOOk Record— Concluded— Page 2

M a y 8, 1902.

925
---—

H T O C h 'S — 11JO 1/It'ST A N D L O W E S T S A L 1 B 111 V ICS
C
S a tu rd a y
A p r t l 26

M onday
A p r il 28

T u esd a y
A p r i l 29

W ed n esd a y
A p r i l SO

T h u rsd a y
M ay 1

STOCKS
N f W YOU K ©TOOK
ICX03J A N G 1
0

F r id a y
M ay $

Sat kh
th e
W eek ,

S'haven

lia/nye f o r Y e a r 1 9 0 7
O n inis is o f lO O -s h a r e lo ts
L Qwest

J ll y h e s t

la/nfie f o r i* r e v U m s
Y e a r (1 9 0 1 )

Lowest

Highest

100 120 Iin l land, pref................... 1 0 ,0 0 0 too Muy ‘2 125 Apr 23 97 Nov 112% N o v
2,280 12 Jan 14 24 Ma/ I0
7% Jan J5 U J ’ n o
‘ 1% 21% it. Joseph & Gr’d Island
3
800 02 Feb 0 74% Feb 25 55 O c t 78% J ’ n o
*09% 71 S ' Do 1 st prof................
00 0 27 Jan 7 35% Marl 2 17
D e c 36 J ’ n o
*32
32%
Do 2d iiref.......... .
ooo 126 Jan 22 1 11 % Feb J7 57 J an 134 L e o
1.88% L88% SI,. Daw. A Adirondack...
* 72% Apr 4 2 J*2 Jan 50 % J)e c
2
3.040 55 \i Jan
07% 08'-. : It. 1jouIh Han Fran.......
4 2D 83 Feb 5 88 Jan 1 1 75 J’J 8 8 Mar
y
*83% 84
Do Jst pref...............
3.100 71 hFeb 21 77 Jan 18 53*8 Jan 701 J ’ n o
1
72% 73%
Do 2d prof................
1.040 24 % Mar 0 30% A pr 19 16 M ay 39 *2 A pr
28% 28% St. Louis Southwestern..
2,500 55 j Mar 5 63% A pr 18 4 J % Jan 7 J J ’ n o
60
00%
Do prof.......................
65% 67 % Soul horn Pacific Go........ 0 1 ,0 1 0 58 Jan 27 60% A pr 2 1 29 M ay 03% J ’ no
40 % A pr 15 18 J an 35% J ’ n o
30
37% Southern voting tr. ctfs.. L78,4 10 31 % Jan
7,805 92 Jan 14 98% Apr J5 67 % J a;i 94% Nov
95% 96%
Do prol1 vot. tr. otfs.
.
41% 42% rpoxas tfc Pacific............. 15,050 37 % Jan 15 4 4 % A prl9 23 % Jan 52 % May
050 122 Jan 8 134 Feb 7 117 May J2 9 % J a n
I idl'd Avenue (N. Y.)--1.710 18 % Jan 21 23% Feb 1J 10% F eb 25*0 M ay
21% 22% Tol. St. i i.
W. v. tr. ctfs.
7.100 35 Jan 15 4-3% Feb I l 28 M ay 39 >2 M a y
38% 4 0
Do prof. vot. tr. ctfH.
1,035 107 Jan 20 124 Apr21 65% Jan J09% Doc
119% 120% Twin City Rapid Transit.
102% 104% U nion Pacific.................. 183,440 98*9 Feb28 108*2 Apr 21 76 M ay 133 M ay
5,807 80% Mar 6 91*4 Jan 2 81% Jan 99% M ay
87% 87%
Do pref........ .
88
25% 27
26%
abasil........................... 38,025 21% Jan 14 28 Apr 30 11 *8 Jan 20 J ’ n o
43% 45% W Do pref..................... 50,1 15 41*8 Jan 13 46% Apr30 23% Jan 40% J ’ n o
45*2
2 1 % 2 2 % Wheeling < Lake Erie... 21,485 17 Jan 27 23% Apr29 1 1 % Jan 22 J ’ n o
21
&
63
64
Do 1st pref................ 20,540 49*2 Jan 27 66 Apr 29 45 M ay 00% Mar
58%
35% 36
Do 2d prof................ 14,030 28 Jan 14 38*2 Apr 30 24 M ay 38 M ar
34*2
25% 26% Wisconsin Cent. v. tr. ofs. 26,900 19 % Jan 30 28% Apr 17 14 *2 Jan 26 J ’ n o
26%
8 ,0 1 0 39% Jan 24 50*2 Apr 17 38*2 Jan 49% Apr
47% 49
Do pref. vot. tr. otfs.
48%
Xiscellaneous.
199 Jan 4 §220 Feb 7 §145 Jan §202 Deo
205 220 *205 220 *205 220 *205 220 *210 220 *210 220 A dams Express.............
malgamated Copper... 75*54(3 61 Mar25 79 Feb 1 60 *2 Dec 130 J’ne
66 %
65% 6 6 % 65% 06%
6 6 % 67%
65% 6 6 % 65% 66 % 65
1*2 Sep
5.200
8 *4 Apr
8*2 Apr 14
2 Feb 25
7
7%
7%
8
7% 7%
6%
7 % American Bicycle...........
7*4 7*4
6%
7%
4,425 10 Jan 6 26*2 Apr 14 10 Sep 35 Apr
23
23%
23
23%
23*q 24%
23
23%
26
25
Do pref.......................
23*8 24
30% 30%
30% 31% American Car & Foundry 25,670 28*4 A p ril 32%Mar24 19 Jan 35 J’ne
30% 31%
31
31%
30
30%
30*8 31%
1,810 85% Jan 14 917 Mar 2 5 67 Jan 89% J’ly
8
90
91
91
91
91%
91% 91*4 90% 91
Do pref.......................
*90% 91%
91*4
53
56 American Cotton Oil....... 48,890 30 % Jan 10 57% Apr 28 24 Mar 35% J’no
62% 64%
55
55% 57%
55% 57
56% 67%
57%
100 86 Feb 3 99*2 Apr 23 85 Apr 91*2 Jan
99% 99%
Do pref.......................
2.710 32*2 Jan 14 42% May 2 32 Oct 40 May
*37
39
-37
§38
38
38
39
39
*38
39
40
42% Am erican Dist.Telegrapli
250 210 Jan 13 244% Feb 11 §169 Jan 210 Nov
*228 235
234% 234% *230 235 *230 235 *230 235 *230 234 American. Express...........
55% 56%
54
56% American Grass Twine.. 1 1 ,2 1 0 39 % Jan 9 59% Apr 28 39% Dec 45 Nov
58
58*2 58
54% 58
59%
58% 59%
19% 2 0 % 20
18% 19% American Ice.................... 23,655 16 Apr10 317 Jan 2 25% Oct 41% Mar
s
18% 2 0 % 18% 19%
17% 19%
20%
62
63
69
62
60% 64
61% 62%
63% 65%
Do pref....................... 11,720 54 Apr 8 67 Jan 3 62 Oct 77% Mar
64% 64%
5% Jan 30 % J’ly
26% 27%
26
27% American Linseed........... 16,850 15 Jan 14 28 Apr 30
25
25*2 25
25
25% 25
28
25*4
1,088 43 Jan 13 58 Marl7 31 Jan 66 J’ly
*54
56%
57
57
*54
56% *53
55
55
56
56
57%
Do pref.....................
35% 35%
32% 34%
31% 33% American Locomotive... 133,940 30 % Jan 14 3 6 % Apr 29 22% Aug 33% Nov
35*4 36% 35% 36%
31
36
92% 95
98% 100%
94% 95%
98
98%
98*4 100
93
98%
Do pref....................... 39,100 89 Jan 3 100% Apr 2 9 83% Oct 91% Nov
8 J’ne
4% Feb
500
*6
7% Jan 6
5 Jan 20
*6
6%
6% 6%
6%
6% 6%
6%
6 % American Malting............
6*4 6*4
1 0 0 21 Jan 20 25*4 Apr 9 22*2 Dec 30 J’ne
*23% 24
23
23
*23
24
*23
24
*23
24
*23
24
Do pref.......................
43% 44%
43% 43%
43% 44%
44
45% Amer. Smelt’g < Refin’g. 12,060 43% Apr 22 49 % Jan 29 38*2 Oct 69 Apr
44% 44%
43% 44
fc
3,220 95 Apr 30 99*2 MarlO 88 Feb 104% J’ne
*96
96%
93*8 96% 95*4 95%
95
96
95
95%
95% 95%
Do pref.......................
102% 104% 105% 106*4 105 106% 105%105% *........ 105
*100 105 American Snuff................
2 ,6 8 8 40% Jan 22 106*4 Apr28 26 Mar 49% J’ne
1 .2 0 0 85 Jan 13 100 Apr 19 73 Apr 90 J’ne
99
99
99
99
99
97 % 97 *
o 97% 98
99
98% 98%
Do pref.......................
125% 126% 124 125% 124% 125% 124%126% 126 127% 125 % 128% American Sugar Refining 98,200 116% Jan 6 135*8 Mar31 103 *8 Dec 153 J’ne
250 115 Jan 2 120 Apr 29 111 Dec 130 J’ly
120 120
*118 120 *119 120
*118 120 *119 120
Do pref.......................
*85
90 American Tel’gh & Cable
*90
84 MarlO §96 Jan 7 §94 Jan 100 Apr
*90
92
92
*90
92
*85
90
*85
90
S 10 160% Jan 13 186 Apr 4 157 *2 Nov 167% Sep
183 183
182 183 Amer. Teleph. & Teleg...
*180 184
183 184% 184% 184% 183 183
800 13% May 1 17% Jan 7 13*4 Mar 21% Jan
*13% 14
*13
15
14
14
14
14
13*4 13% *13% 14% American Woolen............
484 73 Apr23 79 Jan 10 70 Mar 82% J’ly
74
74
79
§73% 73% §74% 74%
Do pref.......................
76
76
75% 75%
1,050 £110 Apr17 146 Feb 1 28*4 Dec 54% Apr
.112 112 d Anaconda Copper..........
114 114 *112 114
113 116
*111 116
111 112
235 235 T>rooklyn Union Gas___
1 ,1 0 0 210 Jan 4 242 Apr25 175 Jan 228 Apr
*235 240 *235 240 *237 242 *236 242
235% 239
1,370 10 Jan 13 14% Apr 23
13 Inrunsw. Dock & C.Imp’t
8 % Jan 14% Mar
13% 13% 13
14%
13% 13%
13% 13%
14*4 14*4 14
41%
108 109% 107% 110% 108% 1 1 0 % 106%109% 105% 108% 1 0 2 % 1 0 6
84 Jan 8 110*2
C olorado Fuel & Iron... 234,050 §130 Jan 29 §140 Apr 24 116 Jan 136*2 J’ne
Mar26
Mar 142% Apr
*137 139 -137 139 *137 139 *136% 139 *136% 1*39 *136% 139
Do pref.......................
2,800 141 Jan 16 23% Apr 4 12 *2 Oct 25% J’ne
19% 20 Col. tfc Hock. Coal & Iron.
21% 2 i %
21
21
20
20%
8
2 0 % 21
2 0 % 20%
227 229
227 228
225 226% 223 225% Consolidated Gas (N. Y.). 25,050 213 Jan 15 230%. Apr 2 5 187 Jan 238 Apr
226 228
225 227
121% 123% 121 122 *121%123
119 121% Continental Tobacco, pref 6,025 115 Jan 2 124*4 Apr 25 93*4 Jan 124 J’ne
123% 123% 123% 124
34% 34% Corn Products.................. 19,088 33% Mar20 38% Mar24
34% 35
34% 35%
34^2 34 >2 34% 34%
34% 35%
87
87
970 86 Apr 23 90 Mar 25
87
87
-8 6
88
Do pref.......................
8 6 % 8 6 % §87% 87% *8 6 % 87%
*135 137 *135 137 -135 137 *136 137 *135 137 *135 136 Diamond Match...............
130*4 Jan 13 139% Jan 2 127*2 Oct 152*2 Aug
9% 9% Distilling Co of America.
9,850
8 Feb 20 10 Feb 3
6 % Oct 10*2 J’ne
§9% 9%
9
9%
9
9%
9% 9%
9*8 9%
39% 41%
40% 41
40
41
Do pref........... .......... 11,460 33 Jan 3 42% Apr 4 23*4 Sep 34*2 Nov
40% 41%
40
41
411 41 h
4
800 276 34 Jan 15 334 Apr 9 183*2 Jan 289% Dec
326%326% 327 327
325% 326 General Electric...............
326 % 326% 327 327
828 328
21
21
600 19 Jan 14 23%Mar20 18*2 May 28 Mar
* 2 1 % 2 1 % 2 1 % 22
- 2 1 % 22
21*4 21%
I nternational Paper.....
93
633 74 Mar26 77*4 Jan 7 69 Jan 81*4 Sep
*75
Do pref............. ........
76
75% 75%
74*4 74% *91
74% 74%
85 102 International Pow er..... 42,005 85 May 2 199 Apr 29 54% Jan 100*2 May
101 135
192 i93 *4 193 198% 195 199
120 198
15
17 International Silver........
1,835
5*4 Feb 11 Jan
*13
16
12% 15
*14
17 *
16% - ........ 16
6 % Jan 27 19*4 Apr 18
125 45 Jan 14 62 Apr 2 5 33 Apr 51 Dec
§60% 60%
59
59
-52
62 * ........ 59 - ......... 59
Do pref.......................
*59
61
54
55 Internat’l Steam Pump..
1,910 47 Jan 2 57*4 Marl9 24% Jan 49 Nov
*54% 56
55
55 % 55% 55% *54% 56
54% 55
*91
93
*90
93
20 87*4 Jan 13 94 Mar21 74 Jan 89 Oct
*90
94
Do pref.......................
§94
94
*90
94
*90
94
*16
18 Manhattan Beach............
700 12 Jan 24 19 Apr24
19
*16% 18
8 Oct 22 Apr
17
17% -17
177 177
8
8 17% 18
49% 50
50
50
50
1,950 43s8 Jan 14 53*4 Mar20 37 Jan 46 May
50
49% 50
50
50%
*50
50%
N ational Biscuit........
107% 107 %
400 104*2 Jan 3 109 *2 Apr 4 92 Jan 103% Nov
107%108
107^107 > -107% 109 *107% 109 *107% 109
a
Do pref......................
18% 19
19% 20*4 18% 20 National Lead.................... 15,900 15*2 Jan 18 20%Marl7 15 Mar 25% J’ne
-18% 19
19
20*8 19% 20%
88
88
89%
410 78*8 Jan 16 89% Apr 30 74% Dec 93% J’ne
§ 8 6 % 863
89
Do pref..................... .
*87
39
89
89% *88
4 89
161 165 New York Air Brake.....
163 172
185 187
4,645 148 Marl7 196 Apr21 133 J’ly 175 Apr
189 189
182% 183% *170 180
-2 0
26 New York Dock...............
*20
26
§26*4 26% - 20
26
*20
26
10 12 Feb 7 28 Apr 4 13 Dec 15 Dec
54
54
54
54
*54
57
*54
65
Do pref.......................
537 39*2 Feb 21 56*2Apr 3 45 Dec 47*4 Deo
54% 55
125% 130 North American Co., new 10,550 88 Jan 28 132% Apr29 73*2 Feb 109 J’ne
130 132
130 130
131 132% 128% 131% 129 130
41% 42
42% 42%
43%
43
43
1,400 41 Apr12 49% MarlO 30*2 May 49*2 Nov
*42
44
acific Mail.....................
42% 43% -42
104 104% 104% 105
104% 105% 103 105% P eop. Gas-L.& C. (Chic.) 20,784 98*4 Jan 15 106 Jan 4 95% Jan 120*2 J’ne
1041, 105
103% 105
44% 45% Pressed Steel Car............. 32,270 39 Jan 14 46*2 Apr 28 30 Mar 52 Jan
45% 45%
46%
45% 46%
45*4 46%
4 3 ^ 437
g 44
84% 85%
85%
Do pref....................... 11,085 82 34 Feb 4 89 Apr 28 72*2 Max 89 Apr
87% 8 8 % #85% 8 6 % 85
86
86%
8 6 % 89
238 240 Pullman Company...........
239%248
2,760 215 Jan 13 250 Apr29 195*2 Jan 225 Oct
239 239
248 250
247 248% #245 245
31% 32%
30% 32% I> ailway Steel Spring... 24,650 24 Apr16 34*2 Apr 29
29% 33
33
34%
28
30
30
33
87
87% -LVdo pref...,,................
87% 88
87% 88
87% 88
88
88
5,460 80 Apr 1 88 Apr 5
87 > 88
4
18% 19% Republic Iron < Steel. . . 17,950 15 *8 Jan 2 20 Apr24 11% Sep 24 J’ne
19
19%
19
19%
19
19%
19% 19%
19
19%
fc
74
74%
74% 75%
75
75%
75
75 % 74% 75%
5,265 68 Jan 16 76 Apr 2 5 55*4 Jan 82 Apr
Do pref.......................
75^2 75%
23
23% Rubber Goods Mfg............
24
24
24
23% 23%
2 ,1 0 0 17*4 Feb2S 25% Apr 21 18 Dec 38*4 May
24
24%
24*8 24% 24
70% 71%
71
72
*70
72
Do pref.......................
930 66 Feb 11 74% Mar22 65 Dec 90 May
*70
72
71
71% *70% 72
30% 30% loss-Shelfield St. & Iron
30% 30%
*32
34
*32
33
400 29*2 Jan 3 34% Marl 8 19 % Feb 41*2 Apr
*32
33
*32
34
*82
83 S Do pref.......................
*82
84
84
82
82
*82
84
20 0 8 1 3 A p ril 84*2 Mar 7 65*2 Jan 8 6 % Apr
82^ 82 >2 *82
4
7% 8 Standard Rope < Twine.. 23,330
7% 8 %
3 *2 Mar 8*2 J’ne
7
7%
4 Jan 10 8 % Apr 29
8
8%
&
7% 8*4
7
7%
6 6 % 70% Tenn. Coal, Iron & R R ... 47,025 61*2 Jan 14 74% Apr24 49% Mar 76% J’ne
70
71%
72% 733
4 72
73%
72% 73%
70*4 72%
41% 41% Texas Pacific Land Trust
41
41%
1 ,2 0 0 35 Jan 15 44% Feb 18 19 Jan 42 Apr
• 40
41%
*41
41% *40
41%
16
16
16%
17% 16% 16%
Bag & Paper.......
Apr 3 12 Apr 19%
13
1
16
16% 16% *16
16
16
U nion pref....................... 4,200 72 Feb 16 18*4 Apr 5 65 Apr 75% J’ne
Dec
*81
82% §82% 82%
85
Jan
*80
82% *80 *82%
80
82%
Do
160
82
82
122 123 *119 123 § 1 2 2 %] 2 2 % 118 118 United States Express...
497 97 Jan 2 126% Aprl7 §53 Jan 100 Apr
*119 123 *120 124
13
13% United States Leather___ 65,600 11 *8 Feb 20 14% Aj)r 3
13% 14
7% May 16% May
13
14
13% 14
13% 14%
13% 14%
84% 85%
84% 85%
84% 85%
Do pref....................... 15, J70 79 7 Jan 21 86*2 Apr 2 69*2 May 83% Aug
84% 80*4
85
86
q
84
85%
42% 42% U. S. Reduc. < Refining..
43% 43%
42% 43
*43
44
fc
1 700 38% Feb 5 44% Mar 8
42% 42%
43% 44
64 % 64 %
Do pref.......................
400 63 *2 Apr 4 6 8 % Mar 6
65
65*4 65*4 *64
1,300 14 Jan 2 19*4 Apr 14 12*2 Oct 34 Jan
17% 17%
17% 17%
17
17 United States Rubber___
18
18
*17% 18*4
17
17%
60
60
60
60
Do pref.......................
50 *8 Jan 14 64 Mar 2 4 47 Oct 85 Jan
69% 59% *58% 61% 59% 59% *59
61
42% 43
42% 42%
41
42 United States Steel.......... 107,566 40% Apr 15 46% Jan 7 24 May 55 Apr
43
43%
42
42 % 41% 42%
93% 93%
91% 92%
Do pref....................... 76,096 91% May 2 97% Jan 7 69 May 101% Apr
92% 93%
91% 92%
94*4 94% 93% 94%
74% 75%
74
75%
72% 75 Virginia-Carolina Chein.. 28,250 60 Jan 18 76% Apr 28 51 J’ly 72 Mar
75*4 76% 75% 76
74% 75%
*131 132
132 132% 132% 132% 132% 132% 131 ^ 1323b *130 132%
Do pref.......................
1,700 120*4 Jan 17 133 *2 Apr 3 116 Apr 125 Aug
*210 235 *210 225 *210 225 *205 225 "210 225 §220 220 W ells, Fargo & Co.......
27 §185 Jan 24 §220 May 2 §130 Jan 199% Dec
92% 92%
est’n Union Tele’gph 6,887 89 % Mar25 94% Apr 19 81 Jan 100*4 May
92 U 92%
91% 91%
92
92%
91% 92
92% 92%
227 227
226 227 *22(5 227 * ........ 226
222 222
218 218 West’gh’seEl&Mfgassen
800 169*2 Jail 15 230 *2 Apr 9 145 Nov 180 Dec
*230 240
233 233 *226 230 * ........ 230
*225 230 *225 230
10 0 180 Jan 8 234 Apr 9 157 Nov 187 Deo
Do 1st pref................
120% 121
§22% 22%
*69% 70%
*32
33
»139 139%
*69
70
*83
84%
74
74
§29% 29%
01
6L
67% 68
37% 38%
96
96%
43% 48%
130% ISO's
22% 23V
;
40% 40%
128 123
106*8 U)6

121 % 122
22*4 22%
70
70%
LSI % 3‘2 %
* 139 139 %
09
70
*8,3% 84
73% 73%
29 % 29*4
60% 62
67
67%
37
37%
90*4 90%
43% 44
*130 130%
23
23 *4
40% 4 1*4
1 2 2 % 123*.j
104% 105%
87% 8 . %
88
8
26% 27
27
45*4 45%
45%
2 1 % 21*8 21*4
59%
59
60
34% 34%
35
26%
26
■27%
49% 49
49%

121 *4 12 2 * 121 121% 120 120%
21% 22%
21%
21% 21%
*69% 70%
70% 70%
7(>7 707
h
g
32
82 % *82% 32%
*31
33
139 139
139 139
139 139
07% 08%
09% 09 % 67% 69
*83% 84
*83% 84
83% 84
73% 73%
73% 78%
73% 73%
29
29%
29
29
28% 28%
00% 00%
00% 60% *00% 61%
06% 67%
00% 67%
07*s 67%
36% 37 *
h 30% 37%
30% 37%
96
90%
95% 96%
96
96%
42% 43
43% 4 3% 42 % 143%
130 130% §131 131
L
30% 131
22
22%
22% 22%
22% 22%
39% 40%
39% 40
40
40%
122% 123 § 1 2 0 % 1 2 0 %
123 123
104% 105% 103% 105% 104% 105%
87% 8 8 %
87% 8 8 % 87% 88
2 0 % 28
26% 27%
27
27%
45% 46%
45% 40%
45*8 46%
22
23
22% 23%
21% 23%
64% 65%
63% 65%
00
66
35% 38%
35
38%
36*4 37%
26% 27%
26% 27%
26% 27%
49% 49%
49
49%
49*4 50

BANK S A N D TRUST COMPANIES— BROKERS’ QUOTATIONS
Banks

Banks

KEW YORK
CITY

BROOKLYN

Banks

A sk
B id
B id
A sk
Trust Co’s
C’IR’tyB&Tr 535 555
MortonTrust 1050
A s k Brooklyn^
B id
A sk
B id
BROOKLYN
Central Tr’st 1925 1950 N Y Life&Tr 1275
12 5
Sjiragtie....... 200
Wasbi ngt’n€ 2 0 0
8 th Ward!) .. 75
City Trust... 400 , 420
N Y Sec & Tr 1390
Brooklyn Tr 450
26th W
arcl^J. 140
Wash. JFlits* 2 0 0
Colonial....... 370 390
6 th Avenueli 1 0 5
North Amer. 270
Flatbush___ 170
Union!)........ 140 160
West Sidejj.. 550
First............. 300
Continental . 635
Real Est Tr’t 400
Franklin___ 315 330
WallaboutlJ . 105
W c e te r a ........ 600 6 2 0
Manu factrs’ . 3 0 0
Farm Lo&Tr 1490 1520 StandardTr’t 400
1Limilton___ 311
Yorkville!).. 2 4 0
Meehanicsjl. 2 1 8
Fifth Ave Tr 050 690
Kings Co. . . . 430
Tr Co of Am. 205 275
Guaranty Tr 750 800
Merchants’ .. 100
L Isi LJbTr. 290 -•••••
TrOoof Rpbc 200 205
T n u t Cos.
Nassau ........ 3 6 0
ManufactTa. 325
Knick ’rb’k’r 750
Union Trust 1390
N. Y. CITY
Nat City...... 2 9 0
Manhattan.. 500
Nassau____ 210
U S Mtg<& Tr 475
BROOKLYN
North Si dell. 1 8 0
Mercantile.. 1100
Atlantic Tr.. 1315
People’s ....... 350
Unit States. 1750
Bedford!)___ 2 2 5
P e o p le ’ s ^ ___ 2 0 6
Merchants’ .. 400
Bowl’gGreen 210 220
Williamsb’g. 215 225
VanN ’denTr 1260%
Broad way!).. 2 5 0
17th Ward1|. 1 3 0
Metropolitan 525
BroadwayTr. 170 180
Washington. 420
* Bid and asked prices; no sales on this day. § Less than i 00 shares, t Ex rights, d Beginning March 31 quoted per cent instead of dollars per share.
1 Sale at Stock Exchange or at auction this week.
s Trust Co. certificates.
!| Banks marked with a paragraph (!j) are State banks.
B id

A 8k

BROOKLYN

B id

A sic

New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
OC’l ’L'i* V 1NG I’Ol it I*Ai«KS
c 1
ISO M I S
< N . Y. S T O C K E X C H A N G E ,
^ |
W bifiK E n d in g iv ay 2
I

Week's
Tan ye or
Last Sale

Trice
Triday
M ai

Low

t>ill
U
U
U
U
U

l . S , (jio v e i'iiiiie iit
S 2 s co n so l rog U lo ru d .<11030
8 2a oo u so l cou p o n
.d i b i t )
8 2a co n s o l Lug
(41930
8 2a c o n s o lc o u p sm all d 1930
h a s re g iste re d "............. /d i H s

L 8
J
U S
U S
U S
U S
TJ 8

Q -J
U J
Q 4
ij - j
Q •1
ij .
*4 1
3s Coil sm a ll bon ds .4 1 9 1 s Q F
4a r e g is t e r e d ............. /tio o T Q J
4
4a c o u p o n ................... /t 100 , < •J
4a r e g is t e r e d .................1 9 -5 *i-F
c o u p o n ...................... 1 0 - 5 q F
5b r e g is t e r e d ................ 1004 Q F
OS COLIUOU.......................1004 Q F

■ I
b

Tange

t** 3|
^
sin ce
-N -C| Jan u ary /

Hl(jh Ao Low

BONDS
N. Y. S T O ( ’ K K X O H A X ( i K
W kkk K n d ik u M a y 2

13 i %
137%
105%
105%

i
138 H 139 H f o b ’ 02
a
4
138 H 139a A p r '02
j
LOOh 105 x A p r '02
4
I 0 d3i lO d ^ F e b 02

108*4 109 H
i
4' 111 *4 113
111
113
. . . .1 139
139 H
i
13 9 3j 1 3 9 3i
105*4 100 *2
100*4 100*4

G old 0 s ............................... a 1911
1st c o n so l g 5 s .................. 1939
R e g is te r e d ...................... 1939
G en era l g old 4 H» ............. 1992
2
R e g is t e r e d ......................1992
C ra ig V a lle y 1 st g 5 s ___1940
ilifc A Div 1st con g 4 s ._ 1989

W omIII L!m. XL.I 1 Jl ^ I/O 1 U I 1
H M n IJJII > (U l. t m- J«r I 1
l
G r e e n b r ie r R y 1 st gu g 4 s ’ 40
These are price 8 Oh the Oa sie oi fou r m arks to 0 ne do Liar. C h ic i t A lt H R s fu n d 0s 1003
. . . . . . , , , , , , 9 8 A p r '02 . . . . 9 0
If h ul M e x ic o b i g 5s ot 1 8 9 9 Q'J
98 H
i
R e fu n d in g g 3 s ............. . 1949

F ra n k for l-on - M a iu 3 % s act* 1 .. M-S

State Securities

94

95 H F e b '02
i

9 1 34 95 V

i hese a vd’ f} v ices o n the 0 a sis 1 ot $5 to a .
i

A labam a, cla s s A 4 to 5 ___ 1000
C lass B o s ............................ 1000
C lass C 4 s ...... ..................... 1000
C u r r e n c y fu n d in g As___ L920
y>isi o f ( .'o Iliiulua 3*65s
1 924
L ouisiana. n ew c o n s o l 4 s . . 1014

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

M iss o u ri tu n n in g . 1 8 04.1005
N o r t h C a rolin a co n su l 4 s . 1010
Os
1010
S o C a rolin a 4 %s 2 0 -4 0
1033
T e n n n ew se ttle m e n t 3 s . .1 0 1 3
S m a ll___
V ir g in ia la n d d e b t 2 -3 S ...1 9 9 1
R e g i s t e r e d ............... ...................
6s d e te rre d B r o w n B r o s e tts.

J -J
J -J
AO
J -J
J J
J -J
J -J
J -J

108 H 107 A p r ’ 02
i
109 M O ct ’ 00
102 Si M a r ’ 02 —
111
M a r '02
126 O ct '01
120%
1 0 6 14 J an ’ 02
1 0 5 3^
1 0 9 £ F e b ’ 99

106

104

104 H J a n '02
i
120 M a r’ 00
9 6 H 36
z
96 h 96 H 96Hi
i
95 F e b ’02
95 H
i
97 a M a r ’ 02 ___
4
97
- , • mm
m ....... . . . .
MO
9
lOHi 589
lOHa

R a ilr o a d

R e g i s t e r e d ...................h l9 4 8
C o n v d e b 4 s ....................... 1911
P J u n & M D i v 1 st g 3%sl9*25
R e g i s t e r e d ...................p l9 2 5
P L L A W V a S y s re t 4s 1941
S o u th w D iv 1 st g 3 % S ...1 9 2 5
R e g i s t e r e d .................../i-1925
M o n d n R i v 1 st g u g 5 s . . 1919
C en O h io R 1 st c g 4 % s . .l 9 3 0
B e e c h C re e k See N Y C A H
B e lle v A C ar Sac 11lin o is C ent
R k lv n A M oil ta n k See T.nn«* I
B r u n s A W e s t See X av El A' W
B u ffa lo N Y A E r ie See E r ie
B u ffa lo R A P g e n g 5 s . . . 1937
.a 1 A W e s t 1 st g 4 s g u . 1998
1
C l A M ali 1 st g u g 5 s . . ..1 9 4 3
R o c k A P itt s ls t ~ g Os
1921
C on sol 1 st g 6 s ............. 1922
B u ffa lo A S o u th w e s t See E rie
B u ffa lo A S u sq u 1st g 5 s . . 1913
1913
R e g i s t e r e d . /............
1 st r e fu n d in g g 4 s ........ d l9 5 1
B u r C edar R <fe N o 1st, 5s 1906
Con 1st A co l tr u s t g 5-S 1934
R e g is te r e d
1934
C R I F A N W i s t g u 5 s . 1921
M A S t L 1 st g u g 7 s.
1927
/ i a n a d a S o u th T .s t 5 s ........ 1908
^ 2 d 5 s ....................................1913
R e g is t e r e d ____ ________1913
C arl) A S h aw n See 111 C ent
C a rolin a C en t See Seal) A R oa n
Earth n o e &. \ ff spp V Y H A T
4
C ed R l a F A N See B C R A N
C en B r a n c h U P 1 st g 4 s . .. 194S
C en B r a n c h R y se e M o P a c
C en tra l O h io See B a lti A Ohio
C en R R A B o f G a c o l g 5s 1937
C en t o f G a R R 1 st g 5 s . .p l 9 4 5
R e g is te re d
045
R e g is te r e d .
1945
1 st p r e f in c o m e g 5 s ___ p l9 4 5
2 d p r e t in co m e g 5 s ..- ..p l9 4 5
3 d p r e f in c o m e g 5 s ___ p i 945
C liatt I ) i v p u r in o n g 4 s .1 9 5 1
M a c A is o r D iv 1 s t g 5 s. 1946
M id Ga A A t l D iv 5s
1947
M o b ile D iv 1 st g 5 s .
1946
C en t o f X J 1 st c o n s o l 7 s .. 1902
G e n e ra l g o ld 5s
1987
R e g is t e r e d ................... h i 987

18
Q -J * 9 9 L 100
99 H 100
i
AO
103 H 189
i
103 H 103 D 103
i
A -O
1033 A p r ’ O4
4
'
N ov
94 x 9 4 34 9 4
4
9 4 at 45
N ov
94 C A p r ’ 02
N ov *91 H
i
94^
94 H 41
i
M-S
J -D M 1 5
lOSHi D e c ’ 01

J -J
Q-J
A -0
Q-J
M -S
M-N
Q -F
M-N
/- J
Q-J
F-A
M-S

9 6 34 Sale

1 0 2 34 Sale
9 0 ^ Sale
98
90
9 1 ^ Sale
109

M-S *
120
A -O 100
J -J
F-A IS S 1
*
..........
J -D M 29
A -O
A -O
J -J
J-D
A-O
A-O
A -C
J -D
J -J
M-S
M-S

J-D

26
963
4
97
3
97
97
102*4 1 0 2 34 279
1 0 2 H F e b ’ 02
i
109 G A p r ’ 02
14
90 H
i
93
......................... - . - 100*4 100*4 10
91
9138 46
90H2 J ’ n e ’ 01
111 M a y ’ 00
112 N o y ’ 01

118

A p r ’ 02

103
129
129

A p r ’ 97
129
129

100

N o v ’ 99

2
2

102 A p r ’ 02
1 0 5 78 A p r ’ 02
126 *4 Mar* 02
.......... 1 2 4 5g F e b ’ 02
1 1 8 J a n ’ 02
117 lq

105 5*
1 2 3 5a

J 0 7 ^ Sale
109

94

S ale

107*o 107 H 14
z
109 A n r ’ 02
107 A u g ’ Ol

94

94

M-N
F -A

l l m . qq Ip

5

1 07
1 0 9 3 A p r ’ 02
4
120Hi 121 H 121 A p r ’ 02
i

M-N
M-N
O ct
O ct
oct
J-1)
J -J
J -J
J -J
M-N
J -J
Q -J

86 Sale
4 0 Hi 41^2
26 Sale
105 H
i
105 v
109 1 1 3 L
101
1 ^0 3 1 .401,
.-.
1 3 8 3i

110
l l ^ 3a
105H2Sep ’1)1
85
87*^
41
42 H
i
25*o
26
93 ^ F e b ’ 02
95 D e c ’ 99
10*2 J ’ n e ’ 99
112*2 112 V
103 *s J a n ’ 02
140
140
139 A p r ’ 02

104 H
i

H allw ay 1 st lien 3 Has. • 1950

R e g is te r e d ...................... 1950
C h ic B ur it Q c o n s o l 7 s. 1903
110*2 H i 02 H
i
z
C h ic it Iow a D iv 5 s ......... 1905
ill
111
D e n v e r D iv 4 s ...................1922
Illin o is n i r :n.m
1<U9
R e g is te r e d
1949
LOOM 106*4

\ labam a C en t See S o R y
a x . lab a M idi See SaY F la <fc W
A lb a n y 6c S u sq See D e l & liu d
A lle g h e n y V a lle y 8‘e e P e n n li lt
A ll eg & W e s t See B u ll R A P
A m D o c k < 1m See Gen t ot N J
fc
A n n A r b o r 1 st g 4 s ........../r l9 9 5
A t c h X 6 c S -b'e g e n g 4 s . .. 1005
S
R e g is t e r e d .......................... 1005
A d ju s tm e n t g 4 s ............/il9 0 5
R e g is t e r e c l____ _____ h 1005
Stain x>ed...................../r l9 9 5
C h ic &, S t L o u is 1 st O s.. 1015
A t l K n o x & N o r 1 st g 5 s . . 1040
A tla n ta A D a n v See S o u th R y
A tla n ta A Y a d k See S o u tli R y
A u s t in A N W
S ou P a cific
T > a t C re e k A S See M ic h C ent
J 3 a lt A O h io p r io r l g 3 % s . 1925
R e g i s t e r e d ......................./il9 2 5

107

82
i l-i

009
57
....

20
is

N e b r a s k a E x te n s io n 4 s. 1927

J o in t bon ds See G rea t N orth
D e b e n tu r e 5s
1913
Plan it x t J os co n so l Os.. 1911
C h ic it E il l l s t s f cu r Os. 1907
1st c o n so l g 6s
1934
8
10 H
i
G en era l c o n s o l 1st 5 s ___ 1937
R e g is t e r e d ...................... 1937
C h ic it In d 0 R y 1st 5 s. 1936
C h ica g o it Ph io See E rie
C h ic In i t L ou is v r e f 6 s . .. 1947
R e fu n d in g g o ld 5 s ........... 1947
L o u is v N A it C h 1 st 6 s. 1910
C h ic M il it Xt P a u l co n 7s 1 905
95^8 100
T e r m in a l g o ld 5 s .............1914
103 1 0 5 3j
G en era l g 4s s e r ie s A ..M 9 8 9
103 105*4
R e g iste re d
M 989
92
953
4
G e n e r a lg 3 HiS s e r ie s B . e l 989
9 3 H 94 H
i
i
C h ie #t L X 11 D iv g 5s
] 021
92
953
4
C h ic it M o l i i v D iv 5s
1926
C h ic it P a c D iv 6s
1910
C h ic & P AV 1st g 5 s ....... 1921
D ak it G t S o g 5 s ............. 1916
F a r it S ou a ssu g 6 s ........1924
H a s t & D D iv 1 st 7s
1910
9 4 3 97
4
1 st 5 s ...................*
..............1910
T & D E x t e n 1 st 7s
.
1908
9 6 V 97
L a C ro sse it D 1st 5 s ___ 1919
102*4 1 0 4 34
102 103*4
M in e ra l P o in t D iv 5s
1910
So M in n D iv 1st 6s
191 0
104 110
S o u th w e st D iv 1 st 6 s ___ 1909
90*2 9 3 L
W is it M in n D iv g o s ___ 1921
i'o o i d I
M il <t N o 1 st M L 6s
1910
1st c o n s o l 6 s ...................1913
90*8 9 i v
C h ica g o & N o r t h w e s te r n
C on solid a ted 7 s ________ 1915
G o ld 7 s ..................................1902
R e g iste re d __
1902
E x te n sio n 4 s
1886 .1 9 9 6
95 G 9 6 58
95
95
97
993
4

G fin era 1 irn 1 3 *«s
d
1 987
R e g is te r e d
n l 987
117*2119*2
S in k in g fu n d 6 s . . . 1873-1929
R e g is te r e d
1879-1929
S in k in g fu n d 5 s . . . 1879-1929
128 1 3 0 V
R e g is te r e d
1879-1929
D e b e n tu r e 5 s .....................1909
127Hz 129Hz
R e g is te r e d
1909
D e b e n tu r e o s .............. 1921
R e g is te r e d .
1921
S in k in g fu n d d e b 5 s ........1933
102 102
R egistered
1933
Dfts T T &. M in n 1 st, 7s 1 907
Yo ■
1 2 4 3» 1 2 6 L
1 2 4 5ft 1 2 4 3
4
M ilw i t M a d iso n 1 s t 6s 1905
N o r th I llin o is 1st 5 s ___ 1910
118 118
O tt C F it S t P a u l 1 st 5s 1909
W in o n a it S t P e t 2d 7 s . . 1907
105*4 107*2
M il L S i t W e s t 1st g 6s 1921
1 0 7 34 H I
E x t it Im p s fu n d g 5s 1929
A sh la n d D iv 1st g 6 s . . 1925
M ic h D iv 1st g 6 s ......... 1924
C o n v e r tib le d eb 5s
1907
i n c o m e s .......................... 1911
93
94*2 Clue R o c k I s l ct P a c 6 s . .. 1917
R e g is t e r e d ...................... 1917
G en era l g o ld 4 s ................. 1988
R e g is t e r e d .......................19 88
106*2 1 0 9 34
D e s M c t F t D 1 s t 4 s . . ..1 9 0 5
119*2 121*2
1 st 2 V s
1905
106*2113*2
E x te n s io n 4s
_____ 1905
K e o k i t D es M 1st o s ___ 1923
76
89*2 C liic i t S t D See A t c h T i t Sa F e
32*o 4 4 V C h ic S t L i t N O See 111 C en t
C liic S t L ct P itts See P en n Co
1 S *2 31
9 1 34 9 3 3s C h ic St. P M ct O con 6 s . . . 1930
Ch St P i t M in n 1st g 6s 1918
N o r W is c o n s in 1st 6 s ...1 9 3 0
St P ct S C ity 1 st g 6 s . . . 1919
106 112*2
1 03 !8 103 *8 C h ica g o T e r T r a n s g 4 s . . . 1947
C liic ct W e s t Ilid g e n g 6s ql 930
132 141
131
139*4 C h ic ct AVest M icii R y 5 s / . 1921

Trice
J rut ay
M ag 2
n ia

H igh

C en tra l ot N J —( Continui U)
A iu D ock A Im p gu 5s. 1921
109 G 1 09 ve
109 % 1 1 0
109 rs A p r '0*2
/
L c A H ud K g c i i g u g n s 1920
L09 ‘*2 LLO 109 H A p r ’ 021
109 V 109 'h
i
L, h A W ilk s !i t.’oal 5s 1912
t diii e x t g u a r 4 ’g.s
'
//1910
....
N Y it L ong Ur gen g 4 s ! 911
108 it i 09 *4 1 0 9 ^ A p r d >2 -----j 1.09 1 0 9 ‘ h C ent P a c ific See Su Pacitd ( 0
1
1 in
109 *
•

L08 % 109 H 109 H A p r *02
,!
i
111*4 1 1 2
1 11 A
4 11 1 l4
1 L1 l4 1 1 1'\ 1 LI aH A p r '02

5
■j "H
w r5
cc
V j.

J J
J J
M N
Q-U
A S
l

Week 1s
Tange or
Last sa le

s sir Looj

l U ;*8 ......... 1 1 1
......
......... 1100
102
iO m !j......... 104
...... ......

•
4

Tange
sin ce
8 T January 1

Jligh A 0
F eo 9)2 . . . .
—
ALir'lL
A p r '02 . . . J

1,010 H igh
l 13% 114

io o
102

ioti
105

.1 . .1 1*25
112
i !3 K 112
112
1 15
A -O 1 1 2
117
114
A -O 113 116 H 114
i
A Ml
1 2 0 % 123%
......... 1 2 0 % 123%
M-N 1 2 0
u i
M-N ..................... 121 J ' j u ’ U i
------- --------M-S 108 V Sale 1 0 S '4 L0 S% 94 1 0 0 % 1 10*4
W S . . . . . . . . . . . . 103 A p r ’ Ol . . . . ...................
I......... lt);'» N o v ’ 00
.............
J J 10 0
105 *4 A p r ’ 02 . . . 104 105 %
J J ......... 100
.1 . j
10 1 Dec 0 1
.........
98 V It) l
M • 1 04 C
l. <
101 ! | A pr *99
»*» ■
M N
1 0 3 % io .r* ;
M-N i o i v ......... 104% M a r’ 02
85 *4 Sale
So *4
« 6% 1 1
85
88
A O
\0
84 V 84 7 8 4 %
b
8 1 7e
J -J
84% 29 84
83% 83%
J J . . . . . . . . . . . . 83% A p r ’ 02
3 104% 105%
105 H 1053.j 11)5% 105%
i
J -J
. . . . . . . . . . . . 104% A p r ’ 00 — ......... . . . . . .
FA
1 0 0 % 103%
F-A U /l v 102*1 101 V A p r ’02
i 102 103%
102%
.1 J lt) 2 3j 103*- 1 0 2 %
J -J
1 14% 1 16*4
A O 1 14 *4......... 1 14% A p r 5,2
106
106
AO
1 0 1 * 4 ......... 106 F eb ’ 02
1 1 1% A p r ’ ()2 . . . . 1 1 1
111%
M-N 109% 110
109 *> A u g ’ Ol
•
M N
99% 100
.......... LOO M a r’ 02
M-S 1 0 0
M-N
M-S
J D
A -O
M-N
M-N
J-J

107 H Sale
a
1 1 8 % .........
113 ..........
139 G .........
1 2 3 7s .........
...... ......
1 2 4 % ..........

107% 107%
1 19% A p r ’ 02
1 12 % M a r’ 02
139 A p r ’ 02
126 % A p r ’ 02
124% M a r’02
122% D e c ’ 01

1 3 1 % ......... 131*4 132
J -J
115 .......... 115% A p r ’ 02
J -J
i 14%
J -J
114 115*4 114%
J J . . . . . . . . . . . . 1.96 A p r ’ 02
J J 1 1 4 % ......... 115 M a r’ 02
L16%
J -J * 1 1 6 117*3 110%
105 % F eb ’ 98
Q-J
104% J a n *02
J -J
J -J
J -J
1 2 0 % .......... 120% M a r ’ 02
1 2 3 % .......... 124*8 124%
J -J
117 118Ha 118 M a r ’02
J -J
121*4 122% 121% 121%
J -J
z
J -J ; 116 V 117 H 115 F e b ’ 02
J - J 135 Ha.........
123 Hz......... 124 A p r ’ 02
J -J
110% A p r ’ 02
J -J
n o
111
J -J *118 Ha......... 182% J a n *02
1 1 8 % ......... 119 M a r’ 02
J -J
......... 109*8 F e b ’ 02
lit)
J -J
117
J -J
1 1 6 * 3 ......... 117
J -J
1 1 5 *2 .......... 115 M a r ’ 02
1 2 0 % ......... 121*8 A p r ’ 02
J -J
J -D 117 .......... 117 -Mar’ llJ -D 122*4........... 122 M a r ’02

s 5 107% 110
— 119 122
112% 1 12%
. . . . 138% 139
122% 126%
. . . . 124% 124%

20 126
. . . . 1.13
1 i J 3%
182%
112
2 110%
....
. . . . 104%

132
115 %
114%
196
115
116%

120%
i 118%
114%
5 110%
— 112%

120%
121%
118
121%
115

104%

122% 124
. . . . 108 % 1 1 0 %
. . . . 182% 182%
. . . . 119 119
. . . . 109% 109%
1 114 117%
... 113% 115
— 116% 121 *8
115 117
. . . . 120% 122

135 .......... 138 M a r’ 02
104 V Sale 104% 1 0 4 % 3 3
104 A p r ’ 02
109 D e c ’ 01
107 M a r ’ 00
111 O c t ’ 01
103 N o v ’ 98
.........
118 M a r ’ 02 . . . .
111 O c t ’ 00
108 .......... 110 A p r ’ 02
107% M av’ 01
1 0 7 V Sale 107% 107%
1
108 O c t ’ 01
117 *8 M a r’ 02
..........l i e
114 O ct ’ 01
3
123
123
123 M a y’ 01
____124

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

113 J a n ’ 01
109% M a r ’ 02
110*4 A u g ’ 01
1 1 9 % A p r ’ 02 ••••
137% A p r ’ 02 . . . .
126 A p r ’ 02
142% F e b ’ 02 •••«
139% J a n ’ 02
107% F e b ’ 01
5
1 10 H Sale L10*8 110%
z
0
132
132
1 3 1 V 133
1 3 1 * 2 ......... 131 M a r’ 02
112% 1 1 6
112 Sale 112
111% A p r ’ 02
98 .......... 98
i
98
89
86*4 A u g ’ OO
97 .......... 97 D e c ’ 00
110% A p r ’02

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

142
141 H 142*4 142
i
1 3 8 * 8 ......... 141% M a r ’02
140 M a r’ 01
1 2 8 % ......... 128*4 A p r ’ 02 ‘
89 Sale
89
89%
110 .......... 1 19 % N ot HU
1 0 8 * 2 ......... 109
109

M-S
M-S
J-J
J -J
F A
F-A
J-J
J -J
J -J
AO
M-N
M-N

123 V Sale
121% Sale
100% Sale
......... 121 V

IO 6 H ..........
2
109 ..........
1 0 8 % ..........
116 ~ ........
133% 134*4
125% 126*4
1 3 8 * 2 .........
1 3 8 % .........

138 141
103% 104%
103% 104

115

118

108% 110
107% 109%
115

117%

121% 124

i0 7 % i" 0 9 %
119%
137%
125%
142*4
139%

119%
137%
1*28%
142%
139%

110 %
128
129%
105%
109
98

116 %
132
131
113*8
112
98

109% 110*1

1 139% 142
140

141%

" 1127% 130%
90%
6 86
i 1109

109

M I8 C E L L A N E O li8 BO N D S —Continued on Next Page.
Street R ailw a y

Street R ailw ay

B r o o k ly n R a p XX* g 5 s ........1945 A -O 107 109
109
109
1 107 110*4 M et St R y — ( C ontinued)
Col & 9th A v 1st g u g o s . 1993
A t l A v B k ly n im p g 5 s .. 1934 J -J
110 J a n ’ 99
L ex A V it P F 1 st g u g 5s 1993
112 V 112 V
B k C ity 1 s t c o n , 1916, 1941 J -J
112 H M a r ’ 02
i
112 H
i
T h ird A v e R R coil g u 4s 2 000
B k Q Co A S co n g u g 5 s . 1941 M-N M 0 3
1OK H 106*o id 100 106*2
i
T im 'd A v o R y 1 st g 5 s .. 1937
B k lv n U n E l 1 st g 4 -5 S .1 9 5 0 F-A 102 Sale 101 H 102
105 100*4 102*4
i
M et W S E l (C h ic) 1st g 4 s . 1988
K in g s Co E l 1 st g 4 s ___ 1949 F-A
93
91
923b 16 90
9 2 H 92
i
.Mil E l R y it L 3 0 -y r g os. 1926
N a s s a u E le c gu g 4 s . ..1 9 5 1 J - J
,\1 i mi St It v 1st c o il g 5 s L919
C ity A 8 R y B a it 1 st g 5 s. 1922 J -D
x t P a u l C ity C ab co n g 5s. .1937
C on n R y A L 1 st A r e f g 4 V s ’ 51 J -J
98 A p r ’ 02
98
98
G u a ra n teed g o ld o s ......... 195 ,
D e n C on T r C o 1 st g 5s
1933 \ o
U n ion El (O hio) 1 st g 5 s .. 19 15
D e n T ra m Co co n g 6 s . . l 9 1 h J - J
1 1p.t. R y Co 1 s t gu g ds 191 1 J - J
V
\V C h ic St 4 0 -vr 1 st c u r 5s 1928
4 0 -y ea r c o n s o l g o ld 5 s . . .1 9 3 6
D o t C it S t R y 1st c o ii g 5 s. 1905 J -J
103 N o v ’ 01
O r R a p id s R y 1st g 5 s . . . « 1 9 1 0 J -D
G a s a n d E l e c t r i c L ig h t
L o u is R y Co 1 st c o n g 5 s .. 1930 J - J
L09 M a r'9 8
A tlanta G L Co 1st, g o s . ..1 9 17
M a rk et St C R y 1 st g 6s 1913 J - ,J
B os U G as tr etts s f g 5 s. 1939
M e t S t R y gen^col tr g 5 s. 1997 F A
1 119 122
1 1 9 l4 Sale 1 19 l4 1 19 l4
9
B w a y A 7 t h A v l s t c g 5 s 1943 J -D 120
liS H M 1 9 7b B klyn U G as 1st co n g 5s. 1915
1 19 7a 1 1 9 7h
• N o p r ic e Friday; latest pviO(

D ue J a n

tl D u e A p r

d D uo .Uny

(/ U uo j 'u e

h Duo

j

\y

J -D
J-J
tf-N

,v D u o A u g

......

|
1
123% 123%
7 121%
121% 122
■ni 120%
100% 101
171 99%
126% A p r ’ 02 . . . . 123
101% A p r ’ 02 . . . . u n

1 09 Ha......... lit ) A p r ’ 01 —
1 1 2 * 2 ......... 114% N ov’ Ol

124%
12 4
101%
126%
103

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

109 % b o o *99
99

118% Sale

b o o ’ 97

•••« *• •••••«

9 1 % Oot ’ 08
118%
120 % 28 117

i> D ue N ov

y Due D eo

120%
‘

927

1 Bonds

Bond Record— Continued— Page 2

M a y 8, 1902.]
tt.2

O lioo Ole fib G g e n g 5 s __ o 1019
Otn IL <fe 1) c o n s o l h f 7 s . . . 1 9 0 5
2d g o ld 4 % s......................... 1937
G in 1) fib 1 1s t g u g 5 s . .. 194 l
C 1 St L i t e
See G O O < S t L
lb
G in S & 0 S ee 0 C 0 S t L
C le a rfie ld
M ali NYc it H A P
C le v e la n d G in O h io fib S t L o u is
G o n e r a l g 4 s ....................... 1993
C a iro D iv 1at g o ld 4 s — 1939
G in W fib M D iv 1 s t g 4 8 .1 9 9 1
S t L D iv 1s t co l t r g 4 s . . 1990
R e g i s t e r e d . .....................1990
S p r fib C ol D iv 1st g 4 s . , 1940
V V V a l D ie 1 s t g 4 s . . . 1 9 4 0
Y
c l S t Lfib O c o n s o l 0 s . .1 9 2 0
1 s t g o ld 4 s .............. ,../M 9 3 G
R e g i s t e r e d ................ k 1936
C in S & C l c o n 1 st g 5 s .. 1928
C C C A I c o n s o l 7 s ..........1914
C o n s o l s in k fu n d 7 s ___ 1914
G e n e ra l c o n s o l g o ld 6 s . 1934
R e g is t e r e d .................... 1934
I n d HI A W 1 s t p r o f 4 s . 1 9 4 0
O 1 nd fib W 1 s t p f 5 s . . . $ 1 9 3 8
P e n fib E a st 1st con 4 s ___ 1940
I n c o m e 4 s ..........................1 9 9 0
C l L o r fib W li c o n 1 st g 5 s . 1933
C le v fib M a r ie tta S ee P e n n R R
C le v fib M a h o n V a l g 5 s . . . 1 9 3 8
R e g is t e r e d ........................1 9 3 8
C le v & P itt s S ee P e n n Co
C ol M id la n d 1 s t g 3 -4 s ____1 947
1 s t g o ld 4 s ............................1947
C o lo r a d o fib S ou 1 s t g 4 s . . . 1929
C o lu m & G r e e n v S ee S o R y
C o l & H o c k V a l See H o c k V a l
C o l C o n n fib T e r m See N fib W
C o n n fib P a s R iv s 1 s t g 4 s . 1 9 4 3
a k fib G t So S ee C M A S t P
a lia s fib W a c o S ee M K & T
D e l L a c k & W e s t e r n 7 s . . .1 9 0 7
M o r r is fib E s s e x 1 s t 7 s . . .1 9 1 4
1 s t c o n s o l g u a r 7 s ........ 1915
R e g is t e r e d .................... 1915
N Y L a c k < W 1 s t Os. ..1 9 2 1
fe
C o n s t r u c t io n 5 s ............1923
T e r m fib im p r o v e 4 s ___ 1923
S y r B in g fib ]S Y 1 s t 7 s .. 1 9 0 6
T
W a r r e n 1 s t r e f g u g 3 % s .2 0 0 0
D e l & H u d 1st P a D iv 7 s .1917
R e g is t e r e d ........................ 1917
A l b fib S u s 1 st c o n g u 7 s . 1906
R e g i s t e r e d ........................1 9 0 6
G u a r g o ld 6 s .................... 1 9 0 6
R e g i s t e r e d .................... 1 9 0 6
B e n s & S a ra to g a 1 s t 7 s . 1921
R e g i s t e r e d ........................ 1921
D e l R i v R R B r id g e S ee P a R R
D e n y fib R G r 1 s t con g 4 s . 1 9 3 6
C o n s o l g o ld 4 ^ 8 ................ 1 9 3 6
I m p r o v e m e n t g o ld 5 s . ..1 9 2 8
R io G r S o g u S ee R io G r So
D e n & S W e s t g e n s i g 5s 1 9 2 9
D e s M o i & F t D S ee 0 R & I P
D e s M <fe M in n S ee C h & N W
D e s M o i TJn R y 1 s t g 5 s . .1 9 1 7
D e t M fib T o l S ee L S fib M So
D e t fib M a c k 1 s t lie n g 4 s . 1 9 9 5
G o ld 4 s ................................... 1995
D e t M & M l d g r in c o m e s .. 1911
D e t S o u 1 s t g 4 s .................. 1 9 5 1
O h io S o u D iv 1 s t g 4 s . . . 1941
D u l fib I r o n R a n g e 1 s t 5 s . . 1 9 3 7
R e g is t e r e d ............................1 9 3 7
2 d 6 s ....................................... 1 9 1 6
D u l S o S h o re fib A t l g 5 s . .1 9 3 7
? a s t o f M in n S ee S t P M & M
Jast T e n V a fib G a S ee S o R y
E lg in J o l fib E a s t 1 st g 5 s . 1941
E lm O ort & N o S ee L e h & N Y
E r ie 1 st e x t g o ld 4 s ...............1947
2 d e x t g o ld 5 s ...................... 1 9 1 9
3d e x t g o ld 4 % s .................. 1923
1th e x t g o ld 5 s .................... 1 9 2 0
5th e x t g o ld 4 s .................... 1 9 2 8
1 s t c o n s o l g o ld 7 s ...............19 2 0
1 s t c o n s o l g fu n d 7 s .........1 9 2 0
E r ie 1 s t c o n g 4 s p r i o r .. 1 9 9 6
R e g is t e r e d ........................ 1 9 9 6
1 s t c o n s o l g e n lie n g 4 s . . 1 9 9 6
R e g i s t e r e d ........................ 1 9 9 6
P e n n c o ll t r g 4 s .............. 1951
B u l l N Y fib E r ie 1 s t 7 s . . 1 9 1 6
B u f f fib S W g o ld 6 s .......... 1 9 0 8
S m a ll................................... 1 9 0 8
C h ic fib E r ie 1 s t g o ld 5 s . . 1982
J eff R R 1 s t g u g 5 s ___ a l 9 0 9
L o n g D o ck c o n s o l g 6 s . . 1 9 3 5
C oa l & R R 1 s t c u r g u 6 s . 1922
D o c k fib I m p 1 s t c u r 6 s . . 1913
X Y fib G re e n L g u g 5 s . 1 9 4 6
M id K K o f N J I s t g 6 s . l 9 1 0
N Y S u s fib YV 1 s t r e f 5 s . 1937
2d g o ld 4% S ...................... 1937
G e n e ra l g o ld 5 s ...............19 4 0
T e r m in a l 1 s t g o ld 5 s . . . 1 9 4 3
R e g i s $ 5 ,0 0 0 e a c h . . . 1 9 4 3
W ilk fib E a 1 s t g u g 5 s . 1 9 4 2
E r ie fib P it t s S ee P e n n Co
E v a n s v i lle fib T e r r e H a u t e
1 s t c o n s o l 6 s ........................ 1921
1 s t g e n e r a l g o ld 5 s ..........1942
M t, V e r n o n 1 s t g o ld 6 s .. 1923
Bul l C o B ra n ch J st g 5 s . 1 9 3 0
L v «fe In d J hr c on g ri g 0 s .. ] 9 2 6
,
IT a r g o fib S o S ee Oh M fib S t P
X 1i n t fib P e r e M S ee P e r e M a r

J -J
AO
J J
M-N

1 12 *2.......... 1 1.3*4 A p r ’ 02
1 11 G H c c ’ OI
115 O c t ’ 00
1 1 2 3<t.......... LI 5 H 1 1 5 H
a
a

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

z
1033,i 1 0 4 L 10334 1 0 4 H 4 9
102
.......... 102 A p r ’02
101 H M a r ’02
a
lO R j A p r ’ 02 —
ib a
99 M a y ’99
...................... 100 J ’ n o ’ 01
99
........'. 83 N o v ’ 99

102% 104 %
102
102
101 *2 10 1 *2
103 104%

Q -*

1 0 3 H 1 0 5 ^ 105 °8 M a r ’ 0 ‘2 . . . .
a

105

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

115

z
.......... 115 H A p r ’ 02 —
134 >8 J a n ’ 02

136

140

A -0
Apr
AO

1 0 0 S ale 100
100
75
75
75 S ale
11 6 k .......... 1 14Hz A p r ’ 02

J -J

127H z.......... 127Hz J a n ’ 02

P rice
P rld a y
M ay a
Hd

D

1

M-N

A-0
Q-J

J -J
J -J
F -A

Week's
Jianye or
Last Sate

i

BONDS
N . Y . STOC K K X O M A N Q K
WlDRK KNOINO I I AY 2
N

Jimiye
Since
J a n u a ry J

//iyh No Low

A sk Low

lliy li
1 1 3 11

105

6 114*2115*2

106

115 115»o
134 % 1 8 4 *8

1 3 5 H D e c ’ 01
z
104 H W o v ’ 01
z

85
85 H 85
z
85
8 5 H S ale
i
95 H S a le
z
95Ha

85*4
85
96

25
19

9 8 H 102
z
75
82*2
U 4 H z ll4 H z
127 H 127 H
z
z

56
1
68

82
82*4
91

87
86%
96%

A-0
M -S
M-N
J -D
J -D
J -J
F -A
M-N
AO
F -A
M -S
M -S
A -0
A -0
A -0
A -0

1
117H z.......... 117*o 117Hz
.......... 1 3 8 A p r ’ 02
135
141 A p r ’ 02 . . . .
1 4 0 141
1 4 0 O c t ’ 98
2
1 3 6 38 .......... 1 3 6 H A p r ’ 02
5
1 1 S1 S a le 118*4 118*4
.*
1
1 0 1 38 1 0 3 38 1 0 3 38 1 0 3 %
1 1 3 78 .......... 1 1 7 3s M a r ’ 02

M-N
M-N

1 4 5 H 147 *2 D e c ’01
z
149 A u g ’ 01
1 1 2 .......... 1 1 5 34 F e b ’ 02
122 J ’ n e ’99
1 0 8 % .......... 1 0 8 % A p r ’ 02
1 1 1 % F e b ’ 02
1 4 7 Hz.......... 151Hz A p r ’ 02
1 5 1 J a n ’ 01

J -J
J -J
J -D

1 0 4 3 S a le 104*4 104*2
2
1 1 0 34 112Hz 112 A p r ’ 02
1 1 3 A p r ’ 01
112 1 13

J -D

89*4 A p r ’ 02

117% 120%
136*8 1 3 8
1 3 7 % 141
133Hz 136Hz
116% 1 1 8 * 4
1 0 3 % 105*2
116% H 7 %

144

115% 115%
108% 1 0 8 %
111% 111%
151 H 151Hz
z
43 101
104Hz
110*4 112
110*2 113*4
88

90

P rice
F rid a y
M ay 2
Itiil

F la C m fib P m 1 s t g 5 h. .. 1 9 18 J J
.1s t land g r e x t g o ld 5 m. . 19 3 0 J .1
O oiimoI g o ld 5 h ................. 1943 J J
F o r t Ht D D Go J.M g 4 % s. 194 I J J
t
F t W A D on G I hI, g On . J92 I .1 D
F t W 0b R io G r iH f g 3 A h I 92. • J J
z m l li a r
H A Sue Ho Pan (Jo
" * a,I IJ fib 11 o f 1.882 I s t 5 h . J9 I 3 A -O
G a A, A la R y 1hI c o n 5 h. . o 19 4 ■ J - J
>
>
G a G ar fib N o l s t g u g 5 h . . 1929 J - J
G e o r g ia P a c ific See S o R y
G ila V G A N o r See Ho Put; Go
G o u v A O H w egat See N Y C e n t
G rand R ap A in d NW G'ejm K R
G r a y 's P f T e r m See S t L H W
G t N o r G H A Q c o ll tr 4 s 1921 J -J
G r e e n b r ie r R y See (H ies A O
I I an A S t J o See G H A Q
",
I I o u s a t o n ic See N Y N H A II
H o c k V a l l s t c o n 8 o l g 4 1 -1999 J - J
2S
R e g i s t e r e d ............................1999 J -J
C o l A II V 1 st e x t g 4 s . . 194 8 A -O
I I o u s t E A W T e x See S o P a c
II o u s t A T e x C en See S o P a c Go
llin o is C e n tr a l 1 s t g 4 s . .1951 J - J
R e g is t e r e d ....................... 1951 J - J
1 s t g o ld 3 *28........................ 1951 J -J
R e g is t e r e d ........................1951 J -J
1 s t g o ld 3 s s t e r l in g ..........1951 M -S
R e g is t e r e d ........................1951 M -S
C oll T r u s t g o ld 4 s ............1952 A -0
R e g is t e r e d ........................1952 A - 0
L N O A T e x g o ld 4 s ___ 1953 M-N
R e g is t e r e d ........................ 1953 M-N
C a iro B r id g e g o ld 4 s ___ 1950 J -D
L o u is v ille D i v g o ld 3 % s .l 9 5 3 J - J
R e g is t e r e d ........................ 1953 J - J
M id la n d D iv r e g 5 s ..........1921 F-A
S t L o u is D iv g o ld 3 s ___ 1951 J - J
R e g is t e r e d ....................... 1 951 J - J
G o ld 3 *28............................1951 J - J
R e g is t e r e d .................... 1951 J - J
S p r in g D iv 1 st g 3 % s . . . l 9 5 1 J -J
W e s te r n L in e s 1 s t g 4 s . . 1951 F-A
R e g is t e r e d ........................ 1951 F -A
B e lle v A C a r 1 st 6 s ........ 1923 J -D
C arl) A S h a w 1 st g 4 s . . . 1932 M-S
C h ic S t L A N O g 5 s . . . 1951 J -I )
R e g is t e r e d ........................1951 J -D
G o ld 3 ^ s ............................1951 J -D
R e g is t e r e d .................... 1951 J -D
M e m p li D iv 1 s t g 4 s . . .1 9 5 1 J -D
R e g is t e r e d .................... 1951 J -D
S t L S o u 1 st g u g 4 s ___ 1931 M -S
I n d B 1 A W e s t See C C C A S t L
I n d D e c A W 1 s t g 5 s ........1935 J -J
1 s t g u a r g o ld 5 s .................. 1935 J - J
I n d 111 A l a 1 s t g 4 s ..........1 9 5 0 J - J
I n t A G r e a t N o r 1 s t g 6 s . .1 9 1 9 M-N
2 d g o ld 5 s ..............................1909 M -S
3 d g o ld 4 s ..............................1921 M -S
I o w a C e n tr a l 1 s t g o ld 5 s . . 1 9 3 8 J -D
R e fu n d i n g g 4 s .................. 1951 M -S
J e ffe r s o n R R See E r ie
a l A A G R See L S A M S
a n A M ic h See T o l A O C
K C F tS A M
See S t L A S F
K C A M R A B I 8 t g u g 5 s . l 9 2 9 A -O
K a n C A P a c ific See M K A T
K a n C ity S o u 1 s t g o ld 3 s ^ .l9 5 0 A - 0
R e g is t e r e d ............................1 9 5 0 A -0
K e n t u c k y C e n t See L A N
K e o k A D e s M o See C R I A P
K n o x v il le A O h io See S o R y
a k e E r ie A W 1 s t g 5 s . . 1937 J - J
_2d g o ld 5 s ..........................1941 J - J
N o r t h O h io l s t g u g 5 s . . 1945 A -O
L S lio A M ic h S See N Y C en t
L e h ig h V a l (P a ) c o ll g 5 s . 1 997 M-N
R e g is t e r e d 5 s ...................... 1997 M-N
L eh V a l N Y 1st g u g 4 1
2S. 1 9 4 0 J - J
R e g is t e r e d ............................1 9 4 0 J - J
L e h V T e r R y 1 s t g u g 5 8 .1 9 4 1 A -O
R e g i s t e r e d ............................1941 A -O
L eh v C oal C o 1 s t g u g 5 s . 1 933 J - J
R e g is t e r e d ............................1 933 J - J
L e h A N Y 1 s t g u a r g 4 s . .1 9 4 5 M -S
R e g is t e r e d ............................1 945 M -S
E 1 C A N l& t g 1 s t p f 6 S .1 9 1 4 A-0
G o ld g u a r 5 s .................... 1 9 1 4 A-O
L e h A H u d R See C e n t o f N J
L e h A W ilk e s b See C e n t o f N J
L e r o y A C a n e y V a l See M o P
L o n g D o c k See E r ie
L o n g I s la n d l $ t co n g 5 s . M 9 3 1 Q -J
1 s t c o n s o l g o ld 4 s ...........M 9 3 1 Q -J
G e n e r a l g o ld 4 s .................. 1 9 3 8 J -D
F e r r y g o l d 4 % s .................. 1922 M -S
G o ld 4 s ................................... 1932 J -D
U n ifie d g o ld 4 s .................. 1949 M -S
D e b e n t u r e g o ld 5 s .............1934 J -D
B k ly n A M o n t 1 s t g 6 s . .1 9 1 J M -S
1 s t 5 s ................................... 1911 M -S
N Y B A M. B 1 s t c o n g 5s 1935 A -O
N Y A R B 1 st g 5 s ........ 1 927 M -S
N o r H liB 1 s t c o n g g u o s o l9 3 2 Q -J
L o u is v A N a s h v g e n g 6 s . 1930 J -D
G o ld 5 s ................................... 1937 M-N
U n ifie d g o ld 4 s .................. 1 940 J - J
R e g i s t e r e d ....................... 19 iO J - J
C oll tr u s t g o ld 5 s ..............1931 M-N
C o ll tr u s t 5 -2 0 g 4 s . 1 9 0 3 -1 9 1 8 A-0
C e c ilia n B r a n c h 7 s ..........1907 M -S
E 14 A N a s h 1 s t g 6 s ___ 1 919 J -D
L C in A L e x g o ld 4 % s . . . l 9 3 1 M-N
N O A M 1 s t g o ld 6 s ___ 1 930 J -J
N O A M 2 d g o ld 6 s ........1930 J -J
P e n s a c o la D i v g o ld 6 s. ..1 9 2 0 M -S

I

Hiin ye
Since
,g. /; J a n u a ry 1

W eek's
P anye o r
I,ast Sale

A sk Low

High\ No 1 Low

lliy lt

1 0 7 * 4 .......... 1.00 S< p Oil
1 0 6 U ..........
J 07 *4.......... 106 G E ch *02
J06**2 J0 6 %
105 M a r ’ OH
i 14 %
J 1 5 G 39 l o o "
L6 %
1 14% : -'ii'
9 0 *4
90% 37 8 8
90 G Sale
92 %

j

102
J 13
113

.......... J06*4 Jan ’ 02 . . . .
.......... 9 8 G N o v ’ OO
.......... 1 J J ‘2 M ar’ 02

90

S a le

95%

11 2

S a le

111Hz

10 5

.......... 105%

96*4 552

100*4

i o 9 % i i i *2

95*2

97

112

2 2 107*4 11 2

105%

1 0 105% 1 06

1 1 5 % .......... 1 1 5 *r A p r ’ 02
1 1 g jvi hr’ o o
J J3
104 *2 M a r ’ 02 —
1 0 2* 2 A p r ’ 98
i' 0 5 " m m

105*2* *105*2
102 O c t ’ 01
1 0 3 * 2 .......... 103*2 10 3 H
z
9 8 J a n ’ 00
112%
101*4 A p r ’ 02
1 0 1 *4 ..

1 20

103

115

11 6

10 4 *2 J 05 %

Q id 5 * ' i*06%
O
5 103*2 1 0 6
1 0 0 % 1 0 1 *4

123 M a y ’99
90*4 A p r ’ OJ

87

.. 1 0 1 % 101 % A u g ’ Ol
101 *8 O c t ’ 99
100 N o v ’ OO
1 1 3 % .......... 113*2 F e b ’ 02 . . .
124
90
131
.......... 131
129%
124
104%

M a y ’ 01
N ov’98
A p r ’ 02
S e p ’ 01
A p r ’ 02

107

106

O c t ’ 01

101

M a r ’ 02

113 *2 114%

12 6

1 0 8 ..........
108
1 03
..........
122*4 1 2 4
100% 1 0 1 %
75
..........
1 1 9 * 4 ..........
.......... 9 7

129*2 ^ 31
104% 104%

101

104*2

1 0 5 % M a r ’ 02

1 0 5 % 105%

102% M a r ‘ 02
127
127

100 10 2 %
35 123 1 27
58 1 00 103,
23 75
80
8 116*4 119*4
95
97

101

101*2

75
75
119
119%
9 6 % M a r ’ 02

K

M-N

1 0 2 Hz.......... 111

J -D
J -D
A -O
J -D
M -S
A -O
A -O
J -J
J -J

1 0 0 .......... 1 0 2 J ’l y ’ Ol
9 4 34 .......... 94Hz
95
56
57
*55
58
87 H S a le
z
87 H
z
8 7 34
94Hz
95
94Hz 95
1 1 2 Hz.......... 1 1 2 % A p r ’ 02
115

.......... 1 1 4 % A p r ’ 02 —

111

114%

M-N

115

.......... 115

115

115

M-N
M -S
M-S

..........1 2 0
1 1 8 58 ..........
1 1 3 5h ..........
1 1 9 * 4 ..........
lO S 1 ..........
^
1 3 8 5q 139

A-O
J -D
M -S
M -S
J -J
J -J
J -J
J -J

F-A
J -D
J -J
J -J
M-N
A -0

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

A-0
J -J
F-A

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

A -0

A-0
A -0
J -J

F e b ’ Ol
6
8
57
37

92Hz 9 5
30
60
84*2 8 7 %
92Hz 95*2
112% 115

L

F e b ’ 02

117
117
122 J a n ’ 02
116*8 A p r ’ 02
121% J a n ’ 02
109*4 J a n ’ 02
1 3 8 % A p r ’ 02
1 3 9 F e b ’ 02
1 0 0 ]4 l 0 0 34 1 0 0 % 1 0 0 %
9 9 A u g ’ Ol
8 8 Sale
88
88*4

1 115*2117
121
122
1 1 5 116*8
121 1 2 1 %
108% 109%
52 1 3 8 142
139 139
48 98*4 1 0 0 %
48

87%

90

176 93*4 9 6
95*2
96
9 5 58 S ale
133
.......... 1 3 3 J a n ’ 02
133 1 3 3
1 2 4 S ale 123*4 1 2 4
103% A p r ’ 02
..........1 0 8
1 4 0 .......... 137 N o v ’ 01

8 123*4 1 2 5 %
1 0 3 % 106

118Hz A p r ’ 02
109 O c t ’ 98
1 1 4 34 .......... 118 M a r ’ 02
115
.......... 117 A p r ’ 02
103 A p r ’ 02
110 M a r ’ 02 . . . .
..........113
1 1 4 Hz.......... 116 J a n ’ 02
114*2 F e b ’ 02

118*2118*2
115% 118
] 15 *2 118
102 1 0 3
1 0 9 llO H z
1 1 6 116
112Hz 114Hz

123
.......... 1 2 3 % J a n ’ 02
123 *b 1 2 3 %
108% 112
..........109*4 112 M a r ’ 02 —
110
..........
1 00
111
115
115%
115%
5 115% 1 1 6

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

•
72

Sale

72
72*2 24 3
63*4 O c t ’ 00

121%
121Hz 123*4 1 2 1 %
118
.......... 1 1 7 % F e b ’ 02
112H z.......... 113 J a n ’ 02
108

117*2
109 H
z

104

1 09

110Hz

111Hz A p r ’ 02 . . . . 1 0 9 111*2
108% N o v ’ 01
1 18% 1 2 0 %
120 *4 M a r ’ 02
1 0 9 % O c t ’ 99
109 J ’ n e ’ 01
97

96

74

1 1 2 0* 4 1 2 2
1 16 1 1 7 %
1 13 113

.......... llOH z F e b ’ 02

iiiH a iis

71%

N o v ’ Ol

106*2 101 *8 S ep ’ 99

1 1 9 * 2 .......... 122

M a r ’ 02

121Hz 1 2 2

104*2 1 03% 1 0 3 %
104 F e b ’ 02
100 O c t ’ 00
1 02 *8 S ale 1 0 2
102%
111 J a n ’ 02

102

1 0 7 * 2 ..........
1 1 4 % ..........
1 1 2 * 2 ..........
1J 2 ..........
121
S a le
..........
1 15
1 0 2 % S a le

13 10 2
104
14

99

111

109*2 J ’ n e ’ Ol
112 M a r ’ 02
1 1 2 g j a n ’02
112 *2 A p r ’ 02

104
104
102%

111

112
11 8
112* 112%
2

1 1 5 % ..........
1 1 0 % '..........
1 3 1 * 4 ..........
1 2 4 * 8 ..........
1 1 6 * 2 ..........

112 H 114Hz
z
“ 5 118% 122
117 A p r ’ 02
116 117
82 100*2 103
102*4
103
100 J a i l ’ 02
100 10 0
115 F o b ’ 02
115 115
2 1 0 0* 2 1 0 1 * 2
1 0 0* 2 1 0 0 %
106 D e c ’ 00
115 M a r ’ 02
114*2 1 1 5
103 J a n ’ 98
1 3 0 *2 F e b ’ 02 — i 2 8 H 1 3 6 H
z
z
1 2 4 % A p r ’02
122 124%
1 1 6 % M a r ’ 02 —
115
116%

.......... 116Hz
9 6 % Sale
1 0 6 % ..........
121
..........
10 7
..........

11 6
116
•96%
96 %
106%
106%
121 % A p r ’ Ol
1 0 6 % A p r ’ 02

100

..........

121

121

B O N D S—Continued on N ext P age.

O r * and Electric 1fight
C h G L A C C o See P G A C Co
C o lu m b u s G a s 1 s t g 5 s ___ 1932
C o n n R y A L See S tr e e t R y
C on G as C o See P (1 A C C o
D e t r o it C ity G a s g 5 s ......... 1923
D e t G a s C o c o n 1 st g 5 s . . .1 9 1 8
E d El HI B k n See K C o E L A P
E d K i l l See N Y G A H L H A P
E g G L N Y 1 s t c o n g 5 s . . 1932
E g () A F u e l See P G A O Co
(> hs A V.1eo B e rg C o c g 5 s . 1949
G i R ap G L f Jo J s t g 5 s . . . J 9J 5
K C M o G as C o Js t g oh . .. J922
K in g s C o EJ L A P g 5 S ...1 9 3 7
P u r c h a s e m o n e y 6 s ......... 1997
E d EJ II B kn Js t c o n g 4 s 1939
L n c G a s // of Gt L J s t g 5s. el 9 J 9
M u t F u el G as C o See P e o p G as

BONDS
N. Y . S T O O K E XG 11 A N G E
W ji'LK E nd j. o M a y 2
n

(la s and E lectric Light
J -J
J -J
F -A
M -S

95 Hz..........

117

122

95 *2 A p r ’ 02 —
105 O c t ’ 01

92*2

97%

118Hz O c t ’ 01

J -D
61 *2 O ct ’ 01
F-A .............------- 107% D e c ’ 00 ....
......................
AO
AO
A -O m
125
124 A p r ’ 0 2 —
1 2 4 124
J -J * 97 Hz.......... 9 8 M a r ’ 02
97
98
Q -F ..........1 1 0
110
110
~~5 107*2 110

ouJ an < a s k e d thin w e e k .
1

aD ueJan

U D oo A p r

N e w a r k C o n s G a s c o n g 5s .1948
N Y G E L H A P g 5 s . . . 1 948
P u r c h a s e m o n e y g 4 s . . . 1 949
E d E l Jll 1 s t c o n v g 5 s . . 1910
1 s t c o n s o l g o ld 5 s ...........1995
N Y A Q E l L A P 1 s t c o n g 5 sl9 5 U
P a te r s o n A P G A E , g 5 s. 1949,
P e o G a s A C 1 s t g u g 6 s . . 1904
2 d g u a r g o ld 6 s .................. 1904
1 s t c o n g o ld 6 s .................... 1943
R e fu n d in g g o ld 5 s .............1947
C h G -L A C k e l s t g u g 5 s 1937
C o n G C o o f C h l s t g u g o s . ’ OO
E q G A F Ch 1 s t g u g 6 s. 1905
M u F u e l G as 1 s t g u g 5 s .1 9 4 7
T r e n t o n G A E l 1s t g 5 s . J 949
U t ic a E L A P l s t s f g S s .1 9 5 0
eD ueM uy

aD uoJO y

k D uo Aug

.......... 10 7
10 3
1 0 5 % ........ 1 0 3 %
..........122
121
106
1 0 9 % .......... 110
109%
1*05% i ’0 0 *' 105
.......... 107
105
109

o D ue O ct

3 112% 116%
42 9 6
98%
2 1 0 6 % 109

... .

J ’ l y ’ OO
M a r ’ 02
A p r ’ 02
D e c ’ 98
A p r ’ 02
A p r ’ 02
105
J a n ’ 02
F o b ’ Ol

g D u o D eo

1 0 4 % 107
i*03* 1 0 3 %
121 1 2 6

* *i
*

10 9 11 0
108 *h 10 9 %
1 0 2 % 105
J 05 .105

f O p t io n s a le

Bond R ecord — Continued— Page 8

928
HON U S
N . Y . fci'l'UOK E X C H A N G E
Wb&K ENDING M iV *
2

'S
J
^ '

trice

F rid a y
M ay 2

W e e k 's
Jia/nye o r
L a s t S a le

bangs
S in c e
J a n u a ry 1

81

H igh Flu Low H igh
b id
A s k Low
Loulov ifc N aeliV —{ Continued j
S t L D iv lo t g o ld da........1921
127 127 4
125 Hi......... 12 7 4 F e b ’ 02
77 4 A p r '0 2
2d g old 6 * ........................ 1980
77 4 77 4
tto u u o i ttdgo 1st a t g 6a. 1981
113 N o v ’ 0 9
iO l ........ 1 0 1 4
k u iiL u ck y C ciit g o ld 4 a .. 1987
1 0 1 4 15 99 1 0 1 4
110 4 ........ 110 4 M a r’ 02
11041104
L & N Jfc Altft M 1st g 4 4 b 1945
N b la ik, S la t g u g do. ..1 9 3 7
1 1 4 * 4 ........ 1 1 4 4 E e b ‘ 02
112 1 1 4 4
Pella <c A l l lo t gu g d o .. 19*21
5
1 1 3 4 115
113 4 M ar'0 2
112 113 4
115 D e c ’01
114 l i d
8 A N Ala. cull gu g 6 o .. 193d
Sink: fu n d g o ld d a . . - ...1 9 1 0
100
100 M a r’ 01
L it; J elt B d g e Co g u g 4 o . . 1945
L N A < Cii See 0 I <fe L
fe
\ | aliuu C oal See L B A M S
15 105 107 4
1 auliaLLau tty cou a oi 4a. 1990 A O 1 0 5 4 1 0 5 4 1 0 5 4 100
1 0 5 4 M ay'O l
R e g is te r e d ................* 1 9 9 0 A O
63 u s ” i i ’4 4
114
114
M etru u ol El l o t g d a ...* 1 9 0 8 J* J i l 4 * ‘ III!
M an 8 Yv O oion iz g 5 a - ...1 9 3 4 J -D
M c K 'y t A 11 V See N Y C en t
M etrop olita n E l See M an Ity
1 82
84
83
84
84
85
M e x C en t con su l g o ld 4 a ..19 1 1 J - J
1 st c o n o o l in co m e g 3 a .a 1939 J T y
3 3 4 Sale
33 4
34 4 451 3 0 % 3 6 4
120 21
2 d con ool in co m e g 3 a ..n l9 3 9 J T y
24
2 3 4 Sale
234
25 4
E q u ip A c o ll g o ld 5 o ........1917 A -0
2d aeriea g o ld 5 s ........... 1919 A O
9 0 4 J T y *01
M e x In te r m it lo t co n g 4a. 1977 M S
101 F e b *02
H e x N a t lo t do ctfo d e p .,1 9 2 7
1004101
9 9 4 D e c ’ 01
O tfo of d ep 2d iU 0 da A .h 1917
4 0 4 M a r ’ 02
C tfs o l d ep 2d m e da B ./11917
35
4 0 ‘4
in 102 102*4
102
102
P r io r lie n 4 4 s (w i ) ........ 1926 A - 0
la t co n o o l 4 s (w l ) . . . . . . . 1 9 5 1 A - 0
80
8 0 4 53 80
814
105 M ay’ 0 0
M a x N o rth la t g o ld d a ....1 9 1 0 J -D 100
M ic h C en t See N Y C ent
M id o l N J See E rie
M il L S & W See Clito A N W
A lii A M ad See C h ic A N \V
M U A N o rth See Oh M A S t P
M in n A St L la t g o ld 7 a .. 1927
1 4 8 ........ 1 4 7 4 ran ’ 02
14741474
Io w a E x l o t g o ld 7 o ........1909
121 ..... 121 A p r ’ 02
119 121
P a c iiic E x l o t g o ld d a ... 1921
1 2 6 4 ...... 120 4 A p r ’ 02
12641274
S o u th W e st E x l o t g 7a. 1910
121 121
123 4 ........ 121 J a n ’ 02
l a t con aol g o ld 5 a .............. 1934
122 ....... 1 2 4 4 A p r *02
12041244
la t anil re fu n d g o ld 4a. .1 9 4 9
1044
1 0 4 4 S ale 1 0 4 4
1034106
M in n A S t L g u See R C H A X
M A P l a t 5 a s t p d 4 o i u t g u 1936
103 N o v ’ 01
M S S M A A lo t g 4 iu t g u 1920
97
M S t P A S S M c o n g 4 i n t g u ’ 38
98 A p r ’ 01
•««•••
M in n U n See St P M A M
98 9 3 1 0 1 4
M o K an A T e x l a t g 4 s . . . 1990
D 1 0 1 4 Sale 1 0 0 4
1014
87 8 1 4 8 4 4
84
2 d g old 4 s ...........................#1990
83 4 S ale
A
83 4
24 103 108
106
la t e x t g o ld 5 a ....................1944
N
108
S t L D iv 1 st r e f g 4 s ___ 2001
O
1 0 6 4 M a r ’ 02
D a l A W a 1st g u g 5 s . . .1 9 4 0
N 100
102 1 0 6 4
9 1 4 M a r ’ 02
K a n C A P a c 1st g 4 s . . . 1990
S
90 4
9 0 4 92
100 A p r ’ 02
D 105 4
M K A T o t T 1 s t g u g 5 8 .1 9 4 2
1044 1074
105 4 J a n ’ 02
S h er Sh A S o 1st gu g 5 s . 1943
A
10141054
T e b o A N e o s h o lo t 7 s . . .1 9 0 3
D
111 4 A p r ’ 02
M o K A E 1st g u g 5 s ........1942
O 1114113
111 1 1 3 4
M is s o u r i P a c iiic 3 d 7 s ........1900
N 1 1 0 4 ....... 1 1 3 4 M a r’ 02
11341144
4 1234126
120
126
1 st c o n s o l g o ld 6 s .............. 1 9 2 0
N 1224123
T r u s t g o ld 5 s s ta m p e d .a l9 1 7
S 1 0 7 4 Sale 107
1 0 7 4 67 1 0 6 4 1 0 9 4
R e g i s t e r e d ....................a l9 1 7
S
1 st co ll g o ld 5 s ....................1920
A 107 1 0 8
107 A p r ’ 02
106 1 0 8 4
C e n t B r tty 1 st g u g 4 s . 1919 F-A
93 4 94 4 93 4
93*8 11 9 1 4 95
L e r o y tfe C V A L 1st g 5s 1920 J -J 1 0 5 1 0 7 4 100 M ay’ 01
P a c R o f M o 1st e x g 4 s . 1938 F -A 105 ........ 1 0 4 4 A p r ’ 02
10441074
2d e x te n d e d g o ld 5 s . . . 1938 J -J
115 ........ 114 J a n ’ 02
114 114
S t L I r M A S g e n c o n g 5 s l9 3 1 A -0 1 1 6 4 ........ 1 1 6 4
1164120
1164
G e n c o n stam p g t d g 5 s 1931 A -0 ......... 116
1 1 5 4 D e c ’ 01
U n ifie d A r e f g o ld 4 s . . 1929 J -J
9 4 4 Sale
94
9 4 4 176 9 2 4 95
V e r d i V I A W 1 st g 5 s . 1926 M-S 1 0 3 4 ........
M is s R iv B rid g e
C h ic tfe A lt
M o b & B irin p r io r lie n g 5 s 1945 J -J
1 1 0 4 J T y ’ 00
1124
M o r tg a g e g o ld 4 s .............. 1945 J -J
93
9 3 A p r ’ 02
90
934
10 97
97
97
M o b J a c k A K C 1st g 5 s .1940 J -D
90
97
M o b A O h io n e w g o ld O s.. 1927 J -D 1 3 1 4
8 130 1 3 1 4
1 3 1 4 1314
1 st e x te n s io n g o ld 6 s ../t l9 2 7 Q-J 1 2 7 4
127 1 2 8 4
127 F e b ’ 02
G e n e ra l g o ld 4 s ..................1938 M -S
9 8 4 A p r ’ 02
99
98
M o n tg o m D iv 1 s t g 5 s ..1 9 4 7 F-A 1 1 6 4
114 F e b ’ 02
114 1 1 6 4
St L A C airo g u g 4 s -----1931 J -J
99 O ct ’ 01
924
C olla tera l g 4 s .............. e l9 3 0 Q-F 1 0 0 4
9 5 4 N o v ’ 01
M A O c o ll 4s See S ou th ern
M o h a w k A M a i S ee N I 'C & H
M o n o n g a lie la R iv See B A O
M o n t C en t See S t P M A M
M o r g a n ’ s L a A T See S P Co
M o r r is A E s s e x See D e l L A W
XT ash C hat A St L 1 st 7 s .1913 J -J 1 2 8 1 2 8 4 1 2 8 4 1 2 8 4 10 1 2 6 4 1 2 8 4
.P i 1 s t c o n s o l g o ld 5 s ..........1928 A -0 1 1 4 * 4 .......... 1 1 4 4 1 1 4 4 22 114 1 1 6
J a s p e r B ra n ch 1 st g 6 s .. 1923 J -J
119 .......... 113 D e c ’ 99
M c M M W A A1 1st O s.. 1917 J -J 1 1 5 ..........
T A P B ra n c h 1st 0 s ___ 1917 J -J
111 D e c ’ 99
N a sh F lo r A S h e f See L A N
N ew H A D
See N Y N H A H
N J J u n e R R See N Y C en t
N e w A C in B d g e See P e n n Co
N O A N E p r io r lie n g 0s p l9 1 5 A - 0
N Y B k ln A M a n B c h See L I
N Y C ent A H R 1 st 7 s . ..1 9 0 3 J -J 1 0 4 4
1034104
104
104
R e g is t e r e d ....................... 1903 J -J 1 0 3 4
103 4 A p r ’ 02
1034103*8
G o ld m o r tg a g e 3 4 s ..........1997 J -J
1 0 9 4 109 A p r ’ 02 5 6 1 0 8 109 4
R e g is t e r e d ....................... 1997 J -J i 0 9
108 4 A p r ’ 02
1084109
D e b e n tu r e 5s o f . . . 1 8 8 4 -1 9 0 4 M -S 1 0 3 4
1024104
1 0 2 4 A p r ’ 02
R e g is t e r e d ........... 1 8 8 4 -1 9 0 4 M -S
102 4 A p r ’ 02
1024103*4
R e g is t d e b 5s o f . . .1 8 8 9 -1 9 0 4 M -S 3 0 2 4 ......... 1 0 9 4 S e p ’ 97
D e b e n tu r e g 4 s ___ 1 8 9 0-1905 J-D 102 ..... . 1 0 1 4 1 0 1 4 15 1 0 1 4 1 0 1 3 4
R e g is t e r e d ............1 8 9 0 -1 9 0 5 J-D 1 0 1 4 ......... 1 0 0 4 J a n ’ 02
10041004
D e b t ce r ts e x t g 4 s ..........1905 M-N
10041014
9 9 * 8 ........ 1 0 1 4 A p r ’ 02
R e g is t e r e d ....................... 1905 M-N
9 9 4 ........ 100 4 N o v ’ 01
L a k e S h ore c o ll g 3 4 s . . . 1993 F-A
98
9 5 4 Sale
954
9 5 4 77 95
R e g is t e r e d ....................... 1998 F -A
93 4 A p r ’ 02
93 4 961
M ic h C en t c o ll g 3 4 s ____1998 F-A
95
15 9 3 4 9 7 4
95
95 4 95
R e g is te r e d ....................... 1998 F-A
93
96
9 3 4 F e b ’ 02
B e e ch C reek 1st g u g 4 s . 1930 J -J
1 1 1 4 S ep ’ 01
R e g is te r e d ....................... 1930 J -J
100 J ’ n e’ 98
2d g u g o ld 5 s ..................1930 J -J 1 1 7 4
C art A A d 1st g u g 4 s. ..1 9 8 1 J -D
C lea rfield B itu m C oa l C orp —
1 st s f in t g u g 4 s s e r A 1940 J -J
93
95
95 A p r ’ 02
93
G o u v A Os w e 1 st g u g 5 s 1942 J -D

■* ©
0

BONUS
N. Y. STO C K E X C H A N G E
W e e k E n d in g M a y 2

LXXIV

[VOL.

• ft*
5

trice
F rid a y
M ay 2

W eek's
Mange or
Last Sale

<
0
£

Mange
Since
January 1

A sk Low
fi4gh A 0 Low h igh,
N Y C e n t tfe IT It— (C on tin u ed )
b id
1 0 7 4 J T y ’ 00
M oU A M a i 1 st g u g 4 s .. 1991 M S 105
1 10 4 D e c ’ 01
I n c o m e 5 s ........................ 1992 Sep
108 D ec ’01
N J J u n c R gu 1st 4 s . .. 1980 F-A
R e g is te r e d ....................... 1986 F-A
1 0 5 4 N o v ’ 01
N Y tfe P u 1st co il gu g 4s 1993 A O
N o r & M o n t 1 st g u g 5 s. 1910 A - O
l 112 113*8
114
W e s t S h o re 1st 4s g u . . . 2361 J-J
1 1 3 4 113*8
24 112 4 114
113 114
R e g is te r e d ....................... 2301 J -J
1134
114
L a k e S h o re co n so l 2d 7s. 1903 J D 108 ........ 107*8 A p r ’ 02
107 4 107*8
1 0 7 * 4 ....... 1 0 7 4 A p r ’ 02
R e g i s t e r e d . . . . * . . , ........1003 J -D
1074 1074
1084
108 4
G o ld 3 4 s ...........................1997 J -D 108°a 110
low
109 4
1 1 0 4 M a r’Oo
R e g is te r e d ...................1997 J -1 >
114 F e b '02
114 114
D o t M o n tfe T o l 1 st 7 s . 1906 F A 1 1 4 4 1 1 6 4
K a A tfe U R 1st g u c 5 8 .1 9 3 8 J - J
127 4 F e b ’ 02
M ah on C ’ l R R 1st 5 s .. 1934 J -J
12741274
146*8 A p r ’01
P itts M c K tfe Y 1st gu 0 s. 1932 J - J 1 4 0 4
130
2d g u a r 0 s ......................... 1934 J - J
M c K e e s < B V 1st g 0s 1918 J -J
&
1204
1 0 2 4 M a r’ 02
M ic h C e n t 1 st c o n s o l 7 s . 1902 M-N
101*4 1 0 2 4
101 % F e b ’ 02
101*81014
1st c o n so l 5 s ................... 1902 M-N
1 1 8 4 D e c ’ 01
0 s ..........................................1909 M S 115
128 4 A p r '02
5 s ......................................... 1931 M S 127 130
12841324
130 130
130 J a n ’ 02
R e g is te r e d ....................1931 Q M 125
110 L e o ’ 01
19 to J-J
1 0 0 4 N o v ’ 00
R e g is te r e d ....................1940 J*J
B a t C & St 11 r 1 st gu g 3 8 .1 9 8 9 J - D
115*e M ay’ 00
N Y & H arlem g 3 4 s . -.2 0 0 0 M-N
R e g is te r e d ....................... 2 0 0 0 M-N
12141214
N Y tfe N o rth 1st g 5 s . .. 1927 A -O ......... 1 2 2 1 1 2 1 4 1 2 1 4
124*4 1 2 7 4
R W A O c o n 1st e x t 5 s ./i 1922 A -0 1 24 124*8 1 2 4 4 A p r ’ 02
113*4 1 1 4 4
1 1 3 4 J a n ’ 02
O sw e tfe R 2d g u g 6 s. ..« 1 9 1 5 F-A 111 ....
R W A O T tt 1st g u g 5 s. 1918 M-N
1 1 0 4 N o v ’ 01
U tic a tfe B lk R iv gu g 4 s . 1922 J -J 110 I l l
100
1 0 0 4 11 105*4 108
N Y C h ic tfe St L 1st g 4 s . 1937 A -O 100
107 D e c ’ 01
R e g is te r e d ........................... 1937 A -O
X Y i G r e e n w L ak e See E rie
N Y tfe l i a r See N Y C tfe 11 Ud
N Y L a ck < W See D L tfe W
fe
N Y L E tfe W See E rie
N Y < L o n g B r See C e n t o f N J
fe
N Y < N E See N Y N H tfe H
&
100 D e c ’ 01
N Y N H
H a r 1 st r e g 4 s . 1903 J -D
2044214
214 A p r ’ 02
225
C o n v e r t d e b c e r t s $ 1 ,0 0 0 ........A -0
‘2 12 4 A p r ’ 02
207 212 4
S m all c e r ts $ 1 0 0 ...........
13541354
H o u sa to n io R co n g 5 s .. 1937 M-N 1 3 2 4 ......... 1 3 5 4 J a n ’ 02
N H tfe D e r b y con g 5 s . . 1918 M-N *114 . . . .
114 J a n ’ 00
1 0 9 ‘4 . . . .
N Ycfe N E 1 st 7 s ............. 1905 J -J
1 0 6 4 _____ 1 0 0 4 M a r’ 02
1004100*8
1 s t 0 s ................................... 1905 J -J
N Y cfe N o r th See N Y C tfe H
13 103 1 0 5 4
105
N Y O < W re f 1 st g 4 s . . 01992 M-S 1 0 4 4 Sale 104
fe
1 0 1 4 N o v ’ 98
R e g is $ 5 ,0 0 0 o n ly ........... 0 1992 M-S
N Y ife P u t See N Y C cfe H
N Y & R B See L o n g Islan d
N Y S cfe W See E rie
N Y T e x tfe M See S o P a c Co
1 1 6 4 M a r ’ 02
11641164
N o r tfe S ou th 1 st g 5 s ..........1941 M-N
135 4 A p r ’ 02
132 4 1 3 4
134 4 135 4
N o r f tfe W e s t g e n g 0 s ........1931 M-N
132 1 3 3 4
I m p r o v e m ’ t tfe e x t g 0 s . . 1934 F-A 1 3 2 4 ......... 1 3 3 4 M a r’ 02
135 135
N e w R iv e r 1 st g 6 s ........1932 A-O 1 3 2 4 ......... 135 A p r ’ 02
157 1 0 1 4 1 0 4 4
102
N tfe W R y 1 st con g 4 s . 1996 A -O 1 0 1 4 S ale 1 0 1 4
100 4 J a i l ’ 02
10041004
R e g is te r e d ..............
1996 A -O
109
1 0 7 4 J T v ’ 01
C C tfe T l e t g u g o s ..........1022 J - J
102
102
10141044
S cio V tfe N E 1 st g u g 4s 1989 M-N 1 0 1 4
N o rth Illin o is See Chi tfe N W
N o rth O h io See L E rie tfe W
N o rth e rn P a c ific —
105 4 89 1 0 4 4 1 0 6 4
P r io r lie n r y tfe 1 g r g 4 s . 1997 Q- J 1 0 5 4 Sale 105 4
103 4 A p r ’ 02
10341054
R e g is te r e d ....................... 1997 Q-J
7 3 es Sale
734
7 4 4 214 7 3 4 75 4
G en era l lie n g o ld 3 s ___ « 2 0 4 7 Q -F
72
75
72 A p r ’ 02
R e g i s t e r e d ................... a 2047 Q -F
7 1 4 ........
C B tfe Q c o ll t r 4 s See G t N o r
100 102
102
102
S t P a u l-D u l D iv g 4 s ___ 1996 J -D
R e g is te r e d ....................... 1990 J -D
St P tfe N P g e n g 68___ 1923 F -A
12941294
1294 1294
152 J T y ’ 99
R e g is te r e d c e r t ifie s * . 1923 Q-F
121 122
122 A p r ’ 02
St P a u l tfe D u l 1 s t 5 s . . . . 1931 F -A
1 1 0 4 A p r ’ 02
1104H 24
2d 5 s .................................. 19.17 A -O
100 100
100 J a n ’ 02
1st c o n s o l g o ld 4 s ..........1968 J -D
94 4 F e b ’ 02
944 944
W a sh C en t 1 st g 4 s ..........1948 Q-M
944
115 119
119 M a r ’ 02
N o r P a c T e r C o 1 st g 6 s ..1 9 3 3 J -J
1184
N o r R y C al See So P a c
N o r W is See S t P M tfe O
N o r tfe M o n t See N Y C en t
lrnt tfe W See C C C tfe S t L
1 1 2 4 J ’ n e’ 01
h io R iv e r R R 1 st g 5 8 .1 9 3 6 J -D 1 14 116
n o
n o
110 A p r ’02
G e n e ra l g o ld 5 s ..................1937 A -0 107
O re tfe Cal See S o P a c Co
O r e R R t f c N a v See U n P a c
O re S h o rt L m e See U n P a c
O s w e g o < R o m e See N Y C
fe
O C F tfe S t P See C <fc N W
112 1 1 4 4
a c C oast Co 1 s t g 5 s . . ..1 9 4 6 J -D ..........1 1 3 4 1 1 3 4 M a r ’ 02
a c o f M is s o u r i See M o P a c
P an am a 1 st s fu n d g 4 4 s . . l 9 1 7 A-O 1024103*4 1 0 3 4 D e c ’ 01
1014102
102 A p r ’ 02
S in k fu n d su b sid y g 6 s .. 1910 M-N
113 A p r ’ 02
P en n C o g u l s t g 4 4 s ........1921 J -J
111*4 1 1 3 4
1134
112 M a r ’ 02
112*8
R e g is te r e d ...........................1921 J -J
11141124
98
G u a r 3 4 s c o ll tr u s t r e g .1 9 3 7 M-S
9 8 4 102 N o v ’ 98
9 8 4 A p r ’ 02
9 7 4 99
G u a r 3 4 s co ll t r ser B . . . 1941
122 4 1 2 3
C S t L tfe P 1st coil g 5 s .1932 A -O 122 4 Sale 1 2 2 4 122 4
R e g is t e r e d ....................... 1932 A -O
Cl tfe P g e n g u g 4 4 s ser A . ’ 42 J -J 1 2 2 4 .......... 121 O ct ’ 00
S e rie s B ............................ 1942 A -O 1 2 1 * 8 ....
S crie s C 3 4 s ....................1948 M-N 101*4
S e rie s D 3 4 s ....................1950 F-A
102 N o v ’ 00
E r ie tfe P itts g u g 3 4 s B .1 9 4 0 J -J 102
S eries C ........... ................1940 J -J
N tfe C B d g e g e n g u g 4 4 s 1945 J - J 111
114*4 A p r ’ 02
114*4 1 4 6 4
P C C cfe S t L g u 4 4 s A . .. 1 940 A -O 1 1 4 4
114*4 A p r ’ 02
S e n e s B g u a r ..................1942 A -0 1 1 4 4
114*4 1 1 5 4
1 1 6 4 F e b ’ 01
S eries C g u a r ..................1942 M-N
1
100*4 N o v ’ 01
S e rie s D 4 s g u a r ............ 1945 M-N 1 0 6 4
S eries E 3 4 g u a r g ___ 1949 F-A
9 0 4 9 S 4 97 M a y’ 01
130
1 3 1 4 M a r’ 02
P itts F t W tfe C 1 st 7 s . . . 1912 J -J
180 1 S 1 4
2 d 7 s .................................... 1912 J -J 1 3 1 4 Sale* 1 3 1 4 1 3 1 4
130 A p r ’ 01
3d 7 s ................................ A1912 A-0
11041104
P en n R R 1st rea l est g 4 s . 192 M-N 1 0 9 4 ..........1 1104 M a r’ 0:
C on sol s te r lin g g 6s.
1905 J -J

O

P

M IS C E L L A N E O U S B O N D S — Continued on Next Page
Coal and Iron

Telegraph and Telephone
A m T e le p tfe T e l c o ll tr 4s 1929
C om m C able Co 1st g 4 s . . 2397
R e g is te r e d .......................... 2397
E r ie T & T c o l tr g s f 5 s .. 1926
M e t T tfe T 1 st a f g 5 s ........1918
M u t U n T e l C o See W e s t n U n
N Y tfe N J T e l g e n g 5 s . .1 9 2 0
N o W e s tn T e le g See W e s t U n
W e s t U n io n c o l tr c u r 5 s .1938
F d an d rea l e s t g 4 4 s . . . 1950
M u t U n T e l s fu n d 6 s ...1 9 1 1
N o r th w e s te r n T e l 7 s . . ..1 9 0 4

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

100
100 4
1004
109
1144

M-N

1 1 3 4 O ot ’ 01

M a r ’ 02
A p r ’ 02
O ct ’ 00
O ct ’ 99
1144

J -J
112*8 A p r ’ 02
M-N * i l 3 4 .......... 1 0 9 4
109*4
M-N ■ *1 10 4......... 112 4 A p r ’ 02
J -J

9941004
10041004

—

1 11441144

112 1 1 3 4
13 1 0 7 4 1 0 9 * 4
11241134

Coal and Iron
C ah C oal M in S ee T C I tfe R
C lea r! B it C oal S ee N Y C & H
C o l C < I D e v Co g u g 5 s. 1909 J -J
fc
Ool F u el Go g en g o ld 6 s . . . 1919 M-N

C ol F tfe I Co g e n s f g o s . . 1943
C o n v e r tib le d eb g 5 s ___ 1911
D e B a rd e l C cfe I See T C tfe I
G r R iv Coa? J* C 1 s t g 6 s ..1 9 1 9
J e ff tfe C lea r C ct l i s t g 5s. 1920
2d g o ld 5 s ............................1920
K a n cfe H C tfe C 1st s f g 5s. 1951
P le a s V a l C oal 1st g s f 5s. 1928
R o e h tfe P it Ccfe 1 p u r m 5 s . 1940
T e n n C oal T D iv 1st g 6 s .a l 9 1 7
B irm D iv 1st c o n s o l 0 s .. 1917
Cah C M C o 1st g u g 6 8 .1 9 2 2
D e B a r C cfe 1 Co gu g 0 s . 1910
W h L E cfe P C Co 1st g 5s. 1919

*105
1 00

1054 1054
Sale 106

1 0 5 4 i s ! 103 106
1 1 1 4 2112 1 0 2 4 1 1 1 4

108
107
SO
1064
105
......... I l l
1 1 2 4 ____

J a n ’ 02
M ay’ 9 7
MaV’ 97
F e b ’ 02
O ct '00

1124
105
1 04
32

A p r ‘ 02
F e b ’ 00
A p r ‘ 02
J an ’ 00

108

108

. . . .

106

1004

. . . .

109

1124

. . . .

l o i 'i i o i

Maniitactiiring A Industrial
112

55
......... 115

N o p r ic e F rid a y ; la te st b id and a * k e d th is w eek ,

N o v ’ 00
A p r ’ 02

. . . .

a D u e Jan

il2

116

e D u e M ay

A m e r B io y o le s f d e b e n 5s 1919 M-S
A m C ot Oil e x t 4 4 « ........... 1916 Q -F

99 H

g D ue J ’ne

s O p tio n sale*

A D u e J Ty

p D ue N or

72

7 1 4 A p r *02
100 A p r ‘02

60
73
994101

Bond Beoord— Concluded— Page

M a t 3 , 1 9 0 2 .]
HON l)S
N. Y. STO C K E X C H A N G E

■SS

So Is.

WlLFCK ENDING M A Y 2

P rice
F r id a if
M ay ‘
J

«2

W eek's
R ange
R a n ge or I s©
Since
O
Last siiii1 =qco J a n u a ry 1

A sk Sow

Hid
P e n n K B — (C o n tin u ed )
1 0 4 S a le
W a r r a n ts c o n v 3 %a 5 0 % p a id
C on c u r r e n c y OS r e g . . . # l 91)6 Q-M
C o n so l g o ld n s .................... 1919 M s
C o n s o l g o ld 4 s .................... 1 9 4 3 M-N
A l l o g V f t l g e n g u g 4 8 . . . 1 9 4 2 M-K
C l c b M a r 1 st g u g 4 % s .. 1935 M-N ib ’8% IIIIII
V
I) R U R cfc B g e 1 st g u 4s g . ’ 3G F -A 105 ’ ..........
U r R A I e x l s t g u g 4 %h 1941 J - J
1 1 2 % ..........
S u n < b L e w is 1 st g 4 s . .. 1936 J - J
\
U N J U K tfc C an g e n Is. 1914 M -S 117 ..........
P e n s a c o la tfc A t l See L & N ash
P e o A; E a s t See C C 0 <fc S t L
P e o «fe P elc U n 1 st g Ga___ 1921 Q -F 1 2 0 * 3 ..........
2d g o ld 4 % s........................51921 M-N
P e ru M a r q — F A P M g Os. 1920 A O
1 s t c o n s o l g o ld 5 s ...........1939 M-N i i ‘i % . . . . . .
P t H u ro n l n v 1st g 5 s. 1939 A -O 1 1 3 * a l l 5
S a g T n a < 11 l s t g u g 4 s . 19 3 1 F -A
&
P m e C re e k r e g g u a r 6 s . . . 1932 J'-D
P it t s C in & S t L S o o P e n n C o
P it t s C le v & T o l 1 s t g 6 s . . 1 9 2 2 A -O 1 2 2 ..........
P it t s F t W <fc Oh See P e n n Co
P it t s J u n c 1 st g o ld 6 s ........ 1922 J -J
1 2 4 * 2 ..........
P it t s tfc I j E r ie 2d g o s . . . a 1928 A-O 1 1 4
..........
P it t s M c K e e s & Y S e e N Y Coil
P it t s S h <fe L E 1 st g 5 s . . . 1949 A-O 121 S a le
1 st c o n s o l g o ld 5 s .............. 1943 J - J
P it t s t& W e s t 1 s t g 4 s ........ 1917 J - J
101*2102
J P M & C o c e n t 's .....................
P it t s Y & A s h 1 s t c o n 6 s . 1 9 2 7 M-N
1 > e a d in g C o g e n g 4 s .........1997 J -J
9 9 34 S ale
XY> R e g is t e r e d ........................1997 J - J
9 6 S ale
J e r s e y C e n t c o ll g 4 s . . . 1951 A -O
R e n s s e la e r <fc S a r See D t fe H
R ic li A D an See S p u tli R y
R ic h A M e e k See S o u th e r n
R io G r W e s t 1 s t g 4 s .......... 1939 J - J 101 *2 S a le
C o n s o l a n d c o l t r u s t 4 s .1 9 4 9 A -O
93
96
U ta h C e n t 1 s t g u g 4 s .a l 9 1 7
93
..........
R io G r J u n e 1 st g u g 5 s . . . l 9 3 9
1 1 4 S ale
R io g r S o 1 s t g o ld 4 s .......... 1 9 4 0
80
..........
G u a r a n te e d ......................... 1940
R o c h & P it t s See B R A P
R o m e W a t A O g See N Y C ent
R u t la n d 1 s t c o n g 4 % s ____1 9 4 1 J - J
R u t-C a n a d 1 s t g u g 4 % s. 1949 J - J
a g T u s A 11 s e e P e r e M a rq
a lt L a k e C 1 s t g s f 6 s . . 1913 J -J
S t J o A G r Isl 1 st g 3 - 4 s . . 1947 J -J
9 8 ..........
S t L a w A A d ir o n l s t g 5 s . 1 9 9 6 J - J
Ill
..........
2d g o ld 6 s ............................. 1 9 9 6 A -O
S t L A C a iro See M o b A O h io
S t L A I r o n M o u n t See M P
S tL K C & N
See W a b a s h
S t L M B r See T H R A o f S t L
S t L A S F ra n 2 d g 6 s C l B 1 9 0 6 M-N 108 108*2
2 d g o ld 6 s C la ss C ......... 1 9 0 6 M-N 1 0 8 108*2
G e n e r a l g o ld 6 s ............... 1931
J -J
131*2133
G e n e r a l g o ld 5 s ............... 1931
J -J
117 118
S t L A S F H R g o ld 4 s . .1 9 9 6 J - J
99
..........
S o u tliw D i v l s t g 5 s . .1 9 4 7 A -O
R e fu n d in g g 4 s . . . ........1951 J - J
97*2 S ale
X C F t S A M c o n g 6 s . .1 9 2 8 M-N 1 2 5
..........
K C F t S A M R y r e f g 4 s 1 9 3 6 A -O
91*8 S ale
R e g i s t e r e d .......................1 9 3 6 A -O
S t L o u is S o See I llin o is C e n t
S t L S W 1 s t g 4 s bd c t f s .1 9 8 9 M-N
9 8 % S ale
2d g 4 s m e b o n d c t f s . . . p l 9 8 9 J - J
85*4 S a le
T r u s t C o c t f s .............................
8 1 % S a le
G r a y ’ s P t T e r 1 s t g u g 5s 1947 J - D 1 0 2
..........
S t P a u l A D u l See N o r P a c ific
S t P a u l M A M a n 2d 6 s . . . 1909 A - O 1 1 4
..........
1 s t c o n s o l g o ld 6 s ..............1 9 3 3 J - J
1 4 1 141*2
R e g is t e r e d ........................ 1933 J - J
R e d u c e d t o g o ld 4 % s . . l 9 3 3 J - J
115
..........
R e g is t e r e d .................... 1933 J - J
D a k o t a e x t g o ld 6 s .......... 1 9 1 0 M-N 1 1434 ..........
M o n t e x t 1 s t g o ld 4 s ___ 1937 J -D 1 0 7 34 ..........
R e g is t e r e d ........................ 1937 J - l )
E M i n n 1 st d iv l s t g 5 s . .1 9 0 8 A -O i 0 5 * 2 ..........
R e g i s t e r e d ........................ 1 9 0 8 A -O
N o r D iv 1 s t g o ld 4 s ___ 1 9 4 8 A-O 1 0 4 % ..........
M in n U n io n 1 s t g 6 s ___ 1 9 2 2 J -J
M o n t C 1 s t g u g 6 s ..........1937 J -J
1 4 0 * 2 ..........
R e g i s t e r e d ........................1937 J -J
1 s t g u a r g o ld o s ............ 1937 J - J
1 2 4 * 2 ..........
W il l A S F 1 s t g o ld 5 s . . 1 9 3 8 J -D 1 2 6 % 127*4
S t P A N o r P a c See N o r P a c
S t P A S ’ x C ity See O S t P M A O
S F e P r e s A P h 1 st g 5 s . . . 1 9 4 2 M-S
S A A A P See S o P a c C o
8 F A N P 1 st s in k t g 5 s . 1919 J -J
S a v F A W 1 s t g o ld 6 s . . ..1 9 3 4 A -O 129*4
1 s t g o ld 5 s ............................1 9 3 4 A -O 1 1 4
..........
S t J o lin ’ s D iv 1 st g 4 s . . . 1934 J - J
95 1 0 0
A la M id 1 s t g u g o ld 5 s . . 1 9 2 8 M-N 1 0 7 * 2 ..........
B r u n s A W 1 s t g u g 4 s . . 1 9 3 8 J -J
93
..........
S il S p O ca A G g u g 4 s . . 1 9 1 8 J - J
93
..........
S c io to V a l A N E See N o r A W
S e a b o a rd A i r L in e g 4 s .. . 1 9 5 0 A O
8 7 S a le
C o ll t r r e fu n d g 5 s ..........1911 M-N 1 0 3
S a le
S e a b A R oa 1 s t 5 s ................ 1 9 2 6 J - J
114
..........
C ar C e n t 1 s t c o n g 4 s . ..1 9 4 9 J -J
9 6 34 ..........
S lie r S h r A S o See M K A T
S il S p O ca A G See S a v F A W
S od B a y A S o 1 s t g 5 s .........1924 J - J
103
..........
S o O ar A G a See S o u th e rn
S o P a c Oo— C oil tr g 4 % s .. 1905 J -D 1 0 1
10 1%
G o ld 4 s (C e n t P a c c o ll ) ./c l 949 J -D
9 5 % S ale
R e g i s t e r e d .................../c l 9 4 9 J -D
A A N W 1 st g u g 5 8 ___ 1941 J - J
C e n t P a c 1 s t ret g u g 4 s 1949 F -A 102 Sale
R e g is t e r e d ........................1 9 4 9 F -A
M o r t g u a r g o ld 3 % s .. /cl 929 J -D
88*2 89
R e g i s t e r e d ............... /cl 929 J -D
G al H a r A S A l s t g 6 s . . 1910 F -A m % ..........
2 d g o ld 7 s ..........................1905 J -D 107
..........
M e x A P a c 1 s t g 5 s ___ 19 31 M-N 1 0 7 % ..........

104

Jltfjh JS Low
io
104

HI 10 4

H igh
104*2

102 N o v ’ 97
112% M a r ’OO
111 *2 M a r ’ 02
117

111 *2 111*2

M a y ’ 00

130% F o b ’ 02
130
101
O c t ’ 00
3 124
124*2 124*2
115 M a r ’ 02
111
117 J a n ’ 02 —
117
137

130*4
125
L15
117

N o v ’ 97

107*2 O c t ’ 98
120

O c t ’ 01

121
121
50 121
9 8 J ’ l v ’ 97
101*2 101*2 32 100
101 A p r ’ 02
101
121 *2 M a r ’ 01
99%
100
2 5 8 97*2
92 A p r ’ 01
33 95 %
95*2
96

101*2 101*2
9 2 % A p r ’02
97 J a n ’ 02
114
114
82*2
82*2
93%
94

121
101*2
101
100
98

2 100 101%
9 2 % 95%
97
97
2 1 1 2 % 115%
5 82
82%
5 91
94

101*4 N oy ’ 01

S

98

A p r ’ 02

95

98%

110*2 A p r ’ 02
110 111%
110%
110% “ 2 110% 110%
1 3 2 % A p r ’ 02
1 3 1 % 134
117% A p r ’02
115% 118
3 96 100
99
99
100 1 0 0
1 0 0 J a n ’ 02
97%
9 7 % 3 4 96*2 98*8
123 *2 D e c ’ 01
91%
91*2 54 9 0 b4 9434
98%
85*4
81*8

84
73
87
81*2 185

100%

1 1 4 % A p r ’ 02
141
141%
139
139
115 A p r ’ 02
116*8 A p r *01
1 1 8 % A p r ’ 02
1 0 9 A p r ’ 02
1 0 6 M a y ’0 1
107*2 M a r ’ 02
1 2 8 A p r ’ 02
141% A p r ’ 02
115 A p r ’ 97
125 A p r ’ 02
1 2 5 * 2 F e b ’ 02
111

96% 1 00%
77
88
81
81%

114% 117
15 1 3 7 % 1 4 1 %
5 139
139
114 115%
116*2118%
1 0 6 109
1 0 6 % i0 7 %

140*4 141*4
1 2 4 % 125
124% 125%

A u g ’ 01

113% D e c ’ Ol
1 2 8 D e c ’ Ol
123 D e c ’ 99
95*4 N o v ’ 01
111 D e c ’ Ol
87 A u g ’ 01
93 A p r ’ 02

89%

93%

D e c ’ Ol

20 9 9 1 0 1 %
96
2 4 0 93*4 96
A p r ’ 02
9 4 % 95
J ’ n e ’ 01
102
1 0 2 % 33 1 0 1 % 1 0 4
9 9 % J ’ n e ’ OO
88*2 A p r ’ 02 . . . . 8 7
89%

101

95
95
111

112

10 1%

112

1 0 8 M a r ’ 02
110*4 1 1 0 %

2 109% 112
1 0 S 108
3 109% 11 0 * 4

M lS O K h liA N E O U S
M anufacturing t e IndiiMfrinl!
A m H id e A L 1 s t s f g O s ..1 9 1 9 M
A rn S | i fit s M fg 1 s t g 6 s ..1 9 1 5
>
A m T iir e a d 1st, c o l tr 4 s . . . 1919
B a r A H C ar C o 1s t g 6 s . .. J942
C on sol T o b a c c o 5 0 -y r g 4 s . 1951
R e g is ! oicyH h ..................... 1951
I m t .ilI o f A m er co ll tr g 5 s . 1 9 1 1
O ra m o r c y B u g 1 st g o ld 6 s. 1923
i l l S te e l C o d e b 5 s ................19101 J
N o n -c o n v d e b e /i 5 s ........... 1913 A
/ n t P a p e r C o Js t eon g 6 s . 1 9 1 8 F
K n i c k e r b o c k e r i c e (C h ic a g o )
I d g o ld 5 s ............ ........19 2 c A
’ ai ; • roh M 1'g f 1o I s t g 6s 10 2 0 M
>
; at Airoh C o s t d e b 5 s . . 1925 .J
S t a n P o p e A T Jsty g 6 s . . . J 9 4 6 j F
I n c o m e g old Off...................1 9 4 6 .

BONDS
N. Y. STO C K E X C H A N G E

k
3$

W icibk E nding M ay 2
S o u th e r n P ao Co—(C o n tin u ed )
(Ilia V O A N 1M gu £ 6 8 .1 9 2 4
l
li o n s E A W T 1 st g 5 8 .1 9 3 3
I mI gu g 5 h r e d e e m a b le .. 1933
II A T O 1s t g 6 s In t g u . . 1937
C o n so l g 6 s Int g u a r . . . l 9 1 2
G e n g old 4 s in f g u a r .. 1921
W a c o A N W d iv 1s t g 6 s ’ 30
M o r g a n ’ s I ,a A T 1 st 7 s . 1918
1 s t g o ld Os....................... 1920
N Y T A M ox g u 1 st g 4 s . 1912
N o o f C al 1 s t g u g 6 s ----- 1 907
G u a r a n te e d g o ld 5 s — 1 9 3 8
O re A Cal 1 s t g u a r g 5 8 .1 9 2 7
8 A A A Pft 8 8 1 s t g u g 4 s . 1943
S o P o f A r g i l l H t g 6 s c l9 0 9 - l 0
S P o f C al l s t g 6 s ........1905
1 st g 6 s s e r ie s B ........ 1905
l s t g 6 8 a e r ie s O A D .1 9 0 0
1 s t g 6 s s e r ie s E A F . 1912
1 s t g o ld 6 s .................... 1 9 1 2
1 s t c o n g u a r g 5 s ----- 1937
S t a m p e d ........1 9 0 5 -1 9 3 7
S P a c o f N M e x l s t g 6 s . . 1911
8 P C o a st 1 s t g u g 4 s ----- 1937
T e x A N O 1st 7 s .............. 1 9 0 5
S a b in e D iv l s t g 6 s ----- 1912
C on g o ld 5 s ......................1943
S o u th e r n —1 s t c o n g 5 s ----- 1994
R e g is t e r e d ........................1 9 9 4
M o b A O h io c o ll tr g 4 s . . 1 938
M e m D iv 1 st g 4 % - 5 s ... 1990
S t L o u is d iv 1 s t g 4 s -----1951
A la C eil R 1 st g 6 s ..........1918
A t l A D a n v 1 s t g 4 s ........ 1 9 4 8
A t l A Y a d 1 s t g g u a r 4 s . 1949
C o l A G r e e n v 1 s t 6 s ........ 1916
E T V a A G a I ) i v g 5 s . .1 9 3 0
C o n 1 s t g o ld 5 s ..............1 9 5 6
E T e n r e o r lie n g 5 s ........ 1 9 3 8
R e g is t e r e d ........................1938
G a P a c R y 1 s t g 6 s ..........1922
K n o x A O h io 1 s t g 6 s . . . 1925
R ic h A D a n c o n g 6 s ___ 1 9 1 5
E q u ip s in k fu n d g 5 s . . 1909
D e b 5s s ta m p e d .............. 1927
R ic h A M e e k 1 s t g 4 s . . . 1948
S o C ar A G a 1 s t g 5 s . . ..1 9 1 9
V ir g in ia M id s e r D 4 - 5 s .l9 2 1
S e r ie s E 5 s ........................1 9 2 6
G e n e r a l 5 s ........................1 9 3 6
G u a r s ta m p e d ............1 9 3 6
W O A W 1 s t c y g u 4 s . .1 9 2 4
W e s t N C 1 s t c o n g 6 s . . 1914
S A N A la See L A N
S p o k F a lls A N o r 1 s t g 6 s . 1 9 3 9
S ta t I s l R y 1 s t g u g 4 % s . .l 9 4 3
S u n b A L e w See P e n n R R
S y r a B in g A N Y
See D L A W
eboA N
See M K A T
er A o f St L 1st g 4 % s ..l9 3 9
1 s t c o n g o ld 5 s ........1 8 9 4 -1 9 4 4
St L M B g e T e r gu g 5 s. 1930
T e x A N O See S o P a c C o
T e x A P a c E D iv 1 s t g 6 s ..1 9 0 5
1 s t g o ld 5 s ............................2 0 0 0
2 d g o ld i n c 5 s ....................# 2 0 0 0
L a D iv B L 1 s t g 5 s . . . . . 1931
T o l A O C 1 s t g 5 s ................ 1 9 3 5
W e s t e r n D i v 1 s t g 5 s . . . 1935
G e n e r a l g o ld 5 s .................. 1 935
K a n A M 1 s t g u g 4 s ___ 1 9 9 0
T o l P A W i s t g o ld 4 s . . . .1 9 1 7
T o l S t L & W p r lie n g 3 % s . 1925
5 0 -y e a r g o ld 4 s .................. 1 9 5 0
T o r H a m A B u ff l s t g 4 s . h 1 9 4 6
j Ulster A D e l 1 st c o n g 5 s 1 9 2 8
vJ n P a c R R A 1 g r g 4 s . .1 9 4 7
R e g is t e r e d ........................1 9 4 7
1 s t lie n c o n v e r t 4 s ..........1911
R e g is t e r e d ........................ 1911
O re R y A N a v c o n g 4 s . 1946
O re S h o r t L in e l s t g 6 s . . 1922
1 s t c o n s o l g 5 s ................ 1 9 4 6
U ta h A N o r 1 s t 7 s ..........1 908
G o ld o s ............................... 1 9 2 6
U n i N J R R A C C o See P a R R
U ta h C e n tra l See R io G r W e s
U tah A N o r t h See U n P a c ific
U tic a A B la c k R See N Y C en t
e r V a l Tnd A W See M o P
ir g in ia M id See S o u th R y
a b a sh ls t -g o ld 5 s ........ 1 939
2d g o ld 5 s .................... 1 939
D e b e n t u r e s e r ie s A ........ 1939
S e r ie s B ............................. 1 939
1 s t liCn e q u ip s fd g 5 s . . 1921
D e t A Oli E x t 1 st g 5 s . .1 9 4 1
D e s M o in D iv l s t g 4 s . .1 9 3 9
O m D i v 1 s t g 3 % s .............1941
T o l A C h D iv 1 s t g 4 s . ..1 9 4 1
S t C h a s B r id g e 1 s t g 6 s . 1 908
W a r r e n See D e l L a c A W e s t
W a s h C e n t See N o r P a c
W a s h O A W See S o u th e rn
W e s t N Y A P a l s t g 5 s . .1 9 3 7
G e n g o ld 3 -4 s ...................... 1943
I n c o m e 5 s ..........................r tl9 * 3
W e s t N o C a r See S o u th R y
W e s t S h o r e See N Y C e n t
W V a C e n t A P 1 s t g 6 s . .1 9 1 1
W lie e l’ g A L E 1 s t g 5 s . . . 1926
W h e e l D iv 1 s t g o ld 5 s . .1 9 2 8
E x t e n A I m p g o ld 5 s . ..1 9 3 0
1 s t c o n s o l 4 s ........................1949
W il k e s A E a s t See E r ie
W il A S io u x F See S t P M A M
W in o n a A S t P See C A N W
W is C e n t 5 0 -y r 1 s t g e n 4 8 .1 9 4 9

P r ic e
F r id a y
M ug 2

W eek's
R ange or
Last Sate

Jtange
Since
J a n u a ry 1

B id
A sic Low
H ig h A o Low H ig h
12 1 0 9 % 1 12
M-N 10 9 *2 Bale 1 09% 112
.......... 106 F e b '0 2 . . . . 106
M-N 1 0 4
106
M-N 1 0 2 % ..........
1 11 % .......... J 11% A p r ’ 02 . . . . 1 10% J 12%
J -J
110
.......... 1 13 % M k r ’02 . . . . 113 1 M %
AO
9 4 % .......... 94
94% 36 9 3% 9 5 %
A -O
mm
mmm
M-N •••••• m mm 127 % F o b ’ 02 mm 125% 1 2 7 %
m
A-O 1 3 2 % .......... 135 J a n ’ 02 •• m 135 137
1 2 3 % .......... 123 % F e b ’02 . . . . 123 1 2 3 %
J -J
A -O
109 ..........
J -J
11 9
.......... 113 J a n ’ 01
AO
.......... 105% N o v ’ 01
J - J * 10 2
9 1% 97 8 7 % 92
91
91 % 9 0 %
J -J
112
.......... 1 12% A p r ’ 02 . . . . 1 12 % 114 %
J -J
A -O 1 0 5 % 106% J05% A p r ’ 02 . . . . 105% 108%
D o o ’ 01
A -O 1 0 5 % .......... 108
.......... 1 1 0 % J a n ’ 02
110 % i 10%
A -O 107
A -O 1 1 5 % ..........
i ’2 0 F e b ’ 01
A-O
107 N o v ’ OO
M-N
8 1 0 8 % J 11
M-N 1 0 8 % S a le 1 0 8 % 1 0 8 %
1 1 5 % .......... 116*4 A p r ’ 02 . . . . 115 1 1 6 %
J -J
J -J
110 A p r ’ 01
F -A
M -S I l l
.......... 1 1 4 % F o b ’ 02 ___ 1.14% 1 1 4 %
J -j
107
.......... 1 0 8 % J ’ J y ’ Ol
122*4123*4 122*4 122% 40 119 % 1 23
J -J
122 J a n ’ 02 . . . . 12 2 122
J -J
98% 99
9 8 % A p r ’ 02 . . . .
97
99%
M -S
1 1 5 % .......... 115 M a r ’ 02 - ••- 1 1 2 % 11 5
J -J
.......... 1 0 1 %
3 99% 101%
10 1
101%
J -J
T. ,) 11 9
.......... 120 M a r ’ Ol
97
.......... 9 7 A p r ’ 02 . . . .
94
‘9 7
J -J
98
..........
A -O
.1 .;r 1 2 1 % .......... 121 J ’ n e ’ Ol
1 1 8 % 1 2 0 % 1 2 0 % A p r ’ 02 - ••• 117 i~20%
J -J
M-N 1 2 0 % .......... 1 2 2 % A p r ’ 02 . . . . 120 1 2 2 %
6 116% 116%
116%
M -S 1 1 2 % ] 16% 1 1 6 %
M- 8
.......... 129 A p r ’ 02
1 25 129
12 8
J -J
1 2 6 % .......... 125 J a n ’ 02 . . . . 12 5 1 2 7 %
J -J
122 .......... 122*4 A p r 0 ? . . . . 1 2 0 % 1 2 2 %
J -J
101*4 J ’ Jy ’ ()()
M-F5
4 111% 113*4
A -O 1 1 1 * 4 .......... 111*4 111*4
88
.......... 83
D e c ’ 00
M-N
6 109 1 1 1
S a le 109
109
M-N 109
O c t ’ 99
M- S 1 1 2 1 1 5 % 102
M -S 1 1 4 * 4 .......... 114 S ep ’ 01
.......... 1 15 J a n ’02
1 15 11 5
M-N 115
1 1 6 % D e c ’ Ol
M-N
9 3 % .......... 9 8 A p r ’ 02 . . . - 9 8
98
F -A
12 1
S a le 121
121
2 120 121
J -J

T

V
W

87*4
86%
87*4 142 8 4
105%
103
105*2 30 103
104% F e b ’ 98
96*4 M a r ’ 02
96*4 96*4
100

929

4

J -J
J -D

123

........ . 117

A -O
F -A
A -O

112
116
112

.......... 1 1 4 % M a r ’ 02
.......... 1 1 6 % M a r ’ 02
112%
113*2 1 1 2 %

M -S * ..........105
J -D 1 2 0 % 121*2
M ar
9 7 % ..........
J -J 114
..........
J -J
..........
A -O 11 2
..........
J -D 1 0 9
A -O .......... 98%
93 S a le
J -J
91
91%
J -J
83*4 S a le
A -O
J -D .......... 9 9 %
..........
J -D 11 3
J -J
1 0 5 % S a le
........ . . . . . . .
J -J
M-N 1 0 6 % S ale
M-N
J -D 1 0 4 % S a le
F -A 1 2 8
S ale
J -J
1 1 8 34 S a le
J -J
J -J

J ’l y ’ OO

1 0 4 F e b ’ 01
121
121*4
9 7 % A p r ’ 02
111
J ’ n e ’ Ol
113% A p r ’ 02
1 1 2 % N o v ’ 01
1 1 0 % A p r ’ 02
9 8 % A p r ’ 02
92%
93
91*4 A p r ’ 02
88
83%
99*4 M a r ’ 02
112 M a r ’ 02
105%
10 6
1 0 5 % A p r ’ 02
106
109%
1 0 6 A p r ’ 02
104%
104%
127%
128
118%
11 9
117 % J ’ n e ’ Ol
1 1 4 % A p r ’ 02

114% 1 14%
1 16 % 1 1 6 %
6 112% 113%

....

7 1 19

....

1 1 7 % ..........
Ill
S ale
102
..........
76*4 S ale
10 5 10 6
1 1 1 * 4 ..........
9 5 * 2 ..........
88
S ale
98*4 9 9 %
109
..........

J -J
A -O
N ov

•••• 1 1 3 % 1 1 4 %
« . . . 107 i i o 38
....
98*4 9 8 %
24 91
93
....
90
91%
38 8 1 % 87
....
9 7 % 99*4
111
112
77 1 0 4 38 1 0 6 33
. . . . 104% 106
2575 1 0 5 % 1 1 0 %
. . . . 106 1 0 6
10 2
104%
129%
18 1 26
8 117 1 1 9 %
114% 114%

1 2 0 % 1 2 1 % 1 2 0 % A p r ’ 02

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

11 4

J -J

..........
..........
..........
..........
9 3 % S ale

112
112
112

94*4 S a le

12l’ %
102%

29 i l 8 % 1 2 1
6 110% 114%
10 2
A p r ’ 02 . . . . 1 00 10 2
76*4
78 % 1581 6 6 % 7 8 %
1 105 1 0 5 %
105%
105%
1 0 9 % F e b ’ 02 . . . . 1 0 9 % 110
95 J a n ’ 02
95
95
88
88
4 86*4 8 8 %
9 8 M a r ’ 02 • • 9 8
98
10 9 A p r ’ 02 . . . . 109 1 1 1 %

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

98*4 S ale
35 ..........

96

118%

121

111

111

3

98%
98%
40 M a r ’ Ol

1 1 9 % 121
98*4 101

1 1 4 % J a u ’ 02
1.12% 1 1 4 %
11 3
113
i 113 1 1 5 %
1 1 2 % J a n ’ 02
112%112 %
113 D e c ’ 01
92%
93% 131 9 1
94

93%

95

M-S 104% Sale 104*4

596

105

88

95

B O N B S —Concluded.
M iscellaneous

S
S
J
J
A
A

.1
O
.1
O
A

Sale
S a le

O
N
J
A
-N

A d a m s E x c o l tr g 4 s .......... 1 9 4 8
A m D k A Im p 5 s See C en t N J
B r o o k ly n F e r r y C o m p a n y 1st
c o n s o lid a t e d g o ld 5 s ___ 1948
C h ic J c A S t Y a r d c o l g 5 s . 1915
H o b o k e n L A I g o ld 5 s . ..1 9 1 0
M ad S q G a rd e n l s t g 5 s . . 1919
M a n B c h H A L g c n g 4 s . .1 9 4 0
Newi> N o S h ip A D D 5 8 r f l9 9 0
N Y D o c k 5 0 -y r J st. g 4 s . . 1951
N Y A O n t L and 1 st g O s .. 1 9 1 0
I t l i S e c u r C o 5 0 -y r g 3 % s. 1951
St J o se p h St'k Y d s J 8 t 4 % s .l9 3 0
93
A u g ’ OO
_ i 0 6 % i 1 0 >4 S t li T e r G u p p ie s S ta t/n A P r o p
J 1 0 % A p r ’02
95
04
94
10 89
Oo 1 s t g 4 Cs 5 -2 0 y e a r .. 19 J7
74
S Yu ha W a t C o co n g Oh. . 1923
69
74
158 05
6 % 19
15
19
VM
J 'A
S p Val W a t W o r k s 1st Os J 9()6
112
1 1 .2 %
5 112
1 1 6 % U H R ed A R e f 1 s t n f g Oh. 19 3 J

14 9 4 % 1 0 0
97
99
90
87
87
8 80
82 % 8 2 %
8 2 7e M a r ’02
105 J an ’ ()()
GO S ale
66
6 8 % 1028 64% 6 9 %
• • m m+ m 65 % M a r ’ 02
mmm« mm
6 5 % 65%
90
91
91
1*6 86
00
9 9 78 A p r ’ 01
*99*’
99
Jan ’ 99
1 0 0 Halo 1 0 0
J 00
1 1 0 0 1 00
109 S a le 108
109
23 108 1 1 2
99
87

98

- - .- .•

05
Hale
Hale
1 1 2 % Hale
70
15

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6 D u o F ob d D u o A p r j / D u o J ’ no A D u o J ’ ly Ic Duo A u g n

F -A * 80

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

82

82
111
50

20 103% 107%

Apr’02 —
Mar’Ol

79*4 85%

Feb’02

38

50

" Io6”
i)o%

’ *99” Sale” *98% ” *9 9 ” ‘ ‘ *2
90 Get ’99
91% Dec’Ol .... ......................
101 ........

J-D
J-J

i 01** Feb* 9
*7

M-S

'87% Sale

. . . . . *»•••. . . . . . .

113% JTy’O
O
87%
87% 34

y % Duo N o r
)

D ue Doo

85

89%

$ O ption sale

930

THE

C H R O N IC L E

LVo l . L X X IV

i b i s S eeu vitieH
In d ia n a p o lis G as s to c k 50
1 st 6s 1 9 2 9 ............ M- N
J a ck so n G a s G o .......... 50
5s g 1 9 3 7 __________ A -O
K an sas C ity G a s ....... . 100
5s 1 9 2 2 ___ . . . . . . . . . A-O
L a cle d e G a s ................. 190
P r e fe r r e d . . . . . . . . ___199
L afay ’ e G as 1 s i 6 s ’ 2 4. M -N
LogtfeW ab V 1st OsYo.J t)
M a d ison G as 6s 1 9 2 6 .A-O
N e w a r k G a s 6s 1 9 4 4 .Q-J
N e w a r k C ou so 1 G a s .. 190
5s 1 9 4 8 s e e S to c k E x c h
N e w E n g G as
O See B
O & la d C on N a t A IU 100
1st 6s 1 9 2 6 ...............J-D
P r o v id e n c e G a s ............. 59
St J osep h G a s 5s 1937 J -J
S t P a u l G as G e n 5 s ’44M s
S y ra cu s e Gas-—
1st o s 1 9 4 6 _________ J-J
W e ste r n G a s—-5s See S t'k

B id
A sk 1 Industrial and .Uiscel
R id
A 8to
9O
,
74
75
Jent P ir e w o r k s p om . 100
iJ
24
106
104
P r e fe r r e d .....................100
65
67
73
75
hiesi.lj ro u g h M fg Co 100 4 1 U 455
£101
102
B affin (H B ) 1st, p re f 100 100
1. 0 2 %
T R A N HA CIT I ON'S A T T t l K N E W Y O R K S T O C K E X C H A N G E
22
32
2 d p r e fe r r e d .............. 100 102
D A IL Y . ' W E E K L Y A N D Y E A B L Y
£99
98
C o m m o n ..................... 100
ib o "*
-T--Tf
80
Stock E x c h
90
105
lid
!
60
m
W eek entitling
S tate
U S
R a ilr o a d &c
55
60
93
1 st g 5s 1 9 1 7 ......... . .J-J
86
M ay 2
R onds
R onds
B onds
40
50
10
Lmipressed A ir C o . . . 100
•ill
jy o 2
Share#
P ar v a lu e
£ 1 0 7 % 109% O on solid Oar H e a t in g 100
50
60
£141% 142
C on sol F ir e w ’ k s c o in .100
10
20
$ 1 0 ,0 0 0
$ 2 ,3 7 1 ,0 0 0
4 7 4 ,9 8 8 $ 4 6 ,0 3 3 ,8 0 0
Sat u rd ay . . . ___
56
58
55
P r e f e r r e d ...................100
500
1 ,0 0 0
4 .1 1 4 .5 0 0
1,012,5251
9 5 ,3 9 5 ,5 0 0
M onday . . . . . . . . .
list
C on s B y L t g A R e fr ig . LOO
6
6%
3 1 5 .0 0 0
3 .4 1 2 .5 0 0
88 7,850
8 6 ,1 4 0 ,6 0 0
T u e s d a y ________
o s to n 1 ist
C on sol R u b b e r T ir e . 100
3%
”8 , 0 0 6
2 8 0 .0 0 0
2 .3 7 6 .0 0 0
W e d n e s d a y .. . . . . 1 ,0 4 2 ,2 1 i 1 1 0 0 ,9 4 3 ,6 u u
22
18
27
D e b e n tu r e 4 s .................29
10 .0 0 0
1 ,0 0 0
2 .4 0 2 .500
8 0 0 ,9 0 3 ;
7 6 ,6 i 0 ,5 0 0
T h n r s d iy r ............
48
50
C o n tin e n ta l T o b a c d e b 7s 104
106
lOjOoO
3 .4 3 6 .0 0 0
9 8 3 ,6 0 7
9 3 ,6 3 0 ,7 0 0
F r i d a y ............ .
......... C orn P r o d u c t s See S tock E x c h listt 97
£ 95
96% Cram o s ’ Sh A K u B l d g lo o
76
$ 4 ,5 0 0
5 ,2 0 2 ,0 9 0 ] $ 4 9 8 ,7 5 4 ,5 0 0 $ 1 8 ,1 1 2 ,5 0 0 $ 6 2 6 ,0 0 0
T o t a l ............
i 92
94
22% 22%
C r u c ib le S t e e l ............. 100
P re fe r r e d _ .. ............. 100
80 % 86%
W eek en d in g M a y 2
l
J a n u a r y 1 to M a y 2
98
D ia m on d M a tch Co se e E X cli list
h a tes at
E x c h list
D o m in io n S e c u r itie s . 100
118
R ow Y ork hitoe i
34
36
E le c t r ic B o a t .........
100
1901
1902
E'&ehange
1901
1902
T e i e g r A ; T e le p h o n e
50
64
P r e f e r r e d ........ . . . . . . 1 0 0
7%
E le c t r ic V e h i c le ......... 100
8
1 2 9 ,5 9 1 ,3 9 5 A m e r D 1 st T e 1e g B eeS l o c k E x c h lis t
6 8 ,0 7 5 ,8 2 8
6,202,09.0
14.524,4*26
S to c k s —N o , sh ares
111)
12% 1 3 %
P r e f e r r e d ____ . . . . . . 100
Par v a lu e ___ . $ 4 9 8 ,7 5 4 ,5 0 0 ;$ !,4 3 9 ,0 ^ ,1 0 0 $6, 44 7 ,3 6 7,87 5 $12,599,700,630 B e ll T e le p h o f B u ffalo 190 196
106
8
10
E m p ire S te e l................100
$ 1 0 9 ,3 2 5 C en tra l & So A m e r . ..1 0 0 102
$ 2 6 6 ,7 0 0
$ 2 5 7 ,2 0 0
H an k sh ares, pai
48
55 :« *m *m1 P r e f e r r e d ....................100
50
m
d i e s & P o to T e le p li.. 190
BONDS
105%
5
5%
5s 1 9 0 9 -2 9 ..................J-J
G e n era l C a r r ia g e .. . . . . 100
$ 9 6 8 ,1 7 0 C om m ercia l C a b le ...... 109 175
$ 3 6 0 ,1 0 0
$ 6 7 ,0 0 0
$ 4 ,5 0 0
G overn m en t bonds
67
69
184
G e n e ra ! CO einieal . . . . 1 0 0
2 ,0 2 2 ,9 0 0 C ornm er U n T e l (N Y ). 25 115 __ M .
1 ,1 5 7 ,5 0 0
2 4 2 ,0 0 0
62 (>,000
S tate bonds............
M
99
101
P r e f e r r e d ....................100
4 7 0 ,0 4 8 ,6 0 0 E m p tfe B a y S ta te T e l 190
3 5 9 .6 6 8 ,7 0 0
3 8 ,1 7 5 ,0 0 0
1 8 ,1 1 2 ,5 0 0
R lt . a n d nils* b on d s
78
84
G orh am M fg Co co m . 100 120
..........
47
55
F r a n k l in ........... ........... 100
P r e f e r r e d ....................100 125
$ 4 7 3 ,0 3 9 ,0 7 0 G o ld & S t o c k .............. 100 +
$ 3 6 1 ,1 5 6 ,3 0 0
T o ta l b o n d s , . . . ] $ 1 8 ,7 4 3 ,0 0 0 $ 3 8 ,4 8 4 ,0 0 0
irl2 3 H a ck e n s a c k M en d ow s 100
79
4 l‘>s, 19 0 5 .
54
H a ll S ig n a l C o ........... 100
58
D A IL Y T R A N S A C T IO N S A T T H E B O STO N A N D P H I L A D E L P H I A
10
12
H u d so n R i ver T e le p h 190 106
109
11 a v a n a C orn m ercia l. 100
M e x ic a n T e le p h o n e See B osto n list
47
50
P r e f e r r e d ....................100
EXCHANGES
N e w E n g T e le p h o n e See B osto n lis t H e c k e r -J on es-J e w ’ 1 M ill
95
100
N o r th w e s te r n T e l e g . .. 50 122
126
1 st 6s 1 9 2 2 ____ .. .. M - S
2
B h ila d e l'p h ia
3
N Y A N J T e le p h o n e 100 173
B o sto n
176
H err in g - H a ll- M ar y in 10 ()
W eek en d in g
37% 4 2 %
112
114
5 s 1 9 2 0 ...................... M -N
1 st p r e fe r r e d ___ : . . . 100
M ay 2
5
10
78
83
P a c ific A A t la n t ic ........25
2d p r e fe r r e d ............. 100
R ond
U nlisted
Ro'tid
L iste d
L isted U nlisted
u rn
P r o v id e n c e T e le p h o n e . 50 1109
H o b o k e n L a n d A Im p 100 105
sa les
sa les
sh a res
sh a res
sh a res
sh a res
S o u th e rn A A tla n t i c .. 2 5 100
IOS
5 s 1 9 1 0 ..................... M -N 106
2 1 % 22
7
H o u s to n O i l ..............,.1 0 0
3,487
$ 1 6 ,3 0 0 T e l T e l A C a b le o f A m . 15 t . . . . . .
$ 1 3 ,9 0 5
3 4 ,5 0 0
37 ,7 8 9
16,7.81
S a tu rd a y - ___
75
'P r e fe r r e d ......... ..........100
79
1 32,150
6 8 ,1 5 0
1 ,8 1 6
1 3 1 ,6 3 1
17 ,9 1 4
33 ,3 8 9
M o n d a y ___ _
E l e c t r i c C o m p a n ie s
210
I n te rn a t’ 1B a tik i n g C o 100 205
5 9 ,0 0 0
9 ,7 5 3
16 ,7 2 7
54 ,1 6 5
1 0 5 ,1 6 7
2 8 ,1 8 4
T u tis d a y ______
14
16
In te r n a tio n a l S a lt ce rtfs.
9 ,5 2 6
1 0 7 ,5 0 0 C h ica g o E d iso n C o ... 100 167
1 6 ,5 7 8
2 0 3 ,4 0 0
8 7 ,3 6 4
1 9 ,6 0 9
W edn esday. .
9 0 ,8 0 0 E d is o n E l i l l B r k 4 s N V S to ck E x c h In te r n a tT S ilv e r See Stk E x c h list
5 ,1 0 3
3 7 ,5 5 0
1 1 ,8 0 0
6-2,707
T h u r s d a y ........ 1 4 ,1 7 9
104%
1%
6s 1 9 4 8 ........................ J -D 103
1%
1 1 2 ,6 1 2 E le c tro-P n eu in ’i c T T a n l 0 t
4 ,9 5 2
5 6 ,8 1 0
2 0 ,2 7 0
5 2 ,0 9 4
2 8 ,5 9 4
F r i d a y ............
1
G e n e ra l E le c tr ic Co N X' S tock E x c h I ro n S t e a m b o a t ........... 25 f _____
H a rtfo rd (C t) E le c L t 100 198
160
J o h n B S te ts o n c o in .. 100 150
34 ,4 3 7
$ 5 1 8 ,3 6 2
9 7 ,1 9 4
$ 4 5 4 ,5 7 5
4 7 6 ,7 5 2
T o t a l .___ _ 1 4 0 ,7 3 6
K in g s Co K le o L A P O o lO O 198 2 00
P r e f e r r e d ....................100 150
N a r r a g a n (P r o v ) E l Co 50 f 98%
L a n s to n M o n o ty p e ___ 20 t 11% 1 2 %
N Y A Q E l L A P ow C olO O
39%
L a w y e r s M o r t ln s u r .1 0 0 2 10
74
P r e f e r r e d ............... .. 109
L a w y e r s ’ S u r e t y ........100 n o
76
365
B h o I s l E le c P r o tec C o l 00 125
L a w y e r s ’ T itle i n s . . . 100 3 60
L o r illa r d (P ) p r e f........100 129
U n ite d E le c t r ic o f N J 100
15
17
F o r W e e k ly R e v ie w o f O u tsid e M a r k e t S ee 7 th R a g e R reeed in g .
14
19
4s 1 9 2 9 ................................
M a d ison Sn G a r d e n .. 100
68
71
75
U n it E l e c L t A P o C o . . 50 S ee B a lt list
2 d 6s 1 9 1 9 ................M -N
8
8%;
M e x N a t C o n s tr u e . pflOO
S t r e e t R a ilw a y s
S treet R a ilw a y s
F e r r y C o m p a n ie s
R id
A sk
R id
A sk
M o n o n g a h e la B C o a l..50 t 13% 1 3 %
NEW YORK CITY
47
P r e f e r r e d ...................... 50 t 42%
B r o o k ly n F e r r y stock lO O
19% 20
95
P r e f e r r e d ..........
...1 0 0
97
36
B le e c k S t A F u l F s tk 100
N Y A B 1 st 6s 1 9 1 1 . J-J 113 1 1 5
34
3%
M o n t A B o s to n C o p p e r .5
S ee P h ila list
99
102
102 %
1st more 4s 1950_ J-J
C on 5s 1948 See S tock E x c h lis t j M o s ie r S a fe C o ........... 100
_
18
17
252
28% 2 4 %
M e tr o p o lita n F e r r y 5 s . . . 108
B ’ w a y A 7 th A v e s tk .1 0 0 247
n o
,1 N a tio n a l B r e a d ........... 10 0
4 s g N o v i 1 9 4 9 ..-M -N £ 7 8 % 79 %i X V A I-; R F e r r y s tk .1 0 0
93
93%
103
1 s t in e rt 5s 1 9 0 4 .. . J -D 102
P r e f e r r e d ....................100
76
25
13 % 13 %3
E l s tk .1 0 0
25%
109% L a k e S t
1st 5s 1 9 2 2 ............. M -N £ 94
2 d m o r t 5 s 1 9 1 4 . . . . . J-J 108
N a t io n a l C a r b o n ......... 100
90
D e b 5s 1 9 2 8 ............... J-J 103^2
91
C on 5s 1 9 4 3 See S tock E x c h list
P r e f e r r e d ....................100
N Y A H o b o k e n s tk .1 0 0
71
1181
29
30
116 J
B ’w a y S u r f 1 s t 5s g u 1924 £114
£117
H o b F y 1st- 5s 1 946 M -N £112% 114
N a t E narn ’ g A S tam p 100
£112 1 1 3 1 2
83
86
2d 5 s int- as re n t id 1905 £101% 102
C on 5s 1 9 4 6 ............. J -D £ 87
P r e f e r r e d ....................100
E x c h list.
280
C e n t’l C ross to w n s tk .1 0 0 265
N a tio n a l S u r e t y ......... 100 140
N e w Y o rk A N e w J ersey
3L %
33
125
38
1 s t M 6s 1 9 2 2 ........M -N £122
2
1 st 5s 1 9 4 6 ............... J-J 102
N e w C en tra l C o a l......... 20
105
220
P r e fe r r e d
.100 108%.
C e n P k N A E B iv stk 100 208
116
1 0 th A 2 3 d S ts F e r r y 100
75
N Y B is c u it 6s 1 9 1 1 .M -S 114
160
104
1 st m o rt 5s 1 9 1 9 ...J -D £105
C on sol 7 s 1 9 0 2 ____ J -D 10L
N Y B e a lty C o r p ___ .1 0 0
1 9 6 % 199
108
1 s t 5 s 1909 . . . . . . . . . J - J 1 0 4
195
U n io n F e r r y s t o c k . . . 100
42
C h rist’r A 10 th St s tk 100 185
44% N Y T r a n s p o r t a tio n . . . 20 t 13% 13%
N o r t li J e r s e y S t stock lO O
28
C o lA 9 tli A v e 5s See S to c k E x c h list
3
1 st 5s 1 9 2 0 ............... M -N £ 98
N ic h o ls o n F ile C o ,. ..1 0 0 132
85
84
4 s 1 9 4 8 ................ .. .M - N
39
130
40
D r y I) E B A B a t s tk 100 120
N o r A m B urn Y A P u lp 100
R a ilr o a d
at B y c o n 6s 1 9 3 1 ..J -D £126
8%
9%
116
1 st g o ld 5s 1 9 3 2 ...J - P 114
O n ta rio S ilv e r .............. 100
3 3% 3 4 %
105
2 d 6 s 1 9 1 4 .............. ..A - O £105
A t c h T A S F e d e b 4 s 1904
S c r ip 5 s 1 9 1 4 ..........F -A 103
99% O tis E le v a to r c o m ___ 100
o e lie ste r B y _____ . . . 1 0 0
400
410
60
. ' D e b 4 s 1 9 1 4 ..........F A A
E ig h th A v e n u e s to c k 100
P r e f e r r e d ....................100 1 01 % 103
99
P r e fe r r e d . . . . . . . . . . . 1 0 0
109
S c r ip 6s 1 9 1 4 . . . . . . F -A 105
C h ic P eo A S t L p r e f. 100
14
*15% P itt s b u r g B r e w in g ___ 50 f 26% 26%
415
C on 5s 1 9 3 0 . . . . . . . . A - O £111 113
4 2 d A G r S t F e r r y s t k 100 4 0 0
P r io r lie n g 4 % s ’ 3 0 M A S £106
P r e f e r r e d . . . .................50 t 45% 46
108
24% 25
70
75
4 2 d S t M A S t N A v e 100
2 d 5s 1 9 3 3 ..................J -D £101 103
. C on mt-g g 5 s 193 0 . J A J 1 0 0
103
P it t s b u r g C oa l.............1 0 0
90%
S
.
In c o m e 5 s 1 9 3 0 . . . _____
m
1 s t m o ld 6s 1 9 1 0 ...M -S 1 1 1 %! 113 | o S id e E l (C b ie ) s tk .1 0 0
33
35 ; P r e f e r r e d . . . . . . . . . . .,1 0 0
99
101
S y r a c u s e B a p T r 5s 1946 102*" i b T
155
2d in c o m e 6s 1 9 1 5 ..J^J
D e n v e r A S o u th ’ n See S tk E x lis t
P itts P la te G la s s . . . . . 100 152
U n it B y s (S t L T r a n s ) 100
L e x A v A P a v F 5s See St k E x c lis t
91
D e tr o it S o u th e rn See S tk E x c h lis t P r a tt A W h it n p r e f .. 100
3 0% 32
P r e f e r r e d ................ ..1 0 0
8 3 % 85
M e tr o p o l S e c u r itie s See S tk E x lis t
365
K C F t S c A M e m p f See S t k E x lis t P r o c t e r A G a m b le ___ 100
205
M e t r o p o l S tr e e t B y See S tk E x lis t
2
B e fg g 4 s 1 9 3 6 See S tck E x c h lis t
G e n 4 s 1 9 3 4 . . . . . . . . .J -J £ 88
P r e f e r r e d ....................100 200
U n it B y s S a n F r a n su b s. 101%
205
N in th A v e n u e s to c k . 100 200
2 M e x N a t io n a l (w i) . . 109
128
1 9 % 20% B a p T S u b O p e r 10 p d 100 125
221
S e c o n d A v e n u e stocklO O 217
C o m m o n (w h e n iss u e d )
25
107
2
P r e fe r r e d See S tk E x e b lis t
B o y a l B a k P o w d p r e f . 100 105
P r e f e r r e d (w h e n iss u e d )
106
1 s t m o rt 5s 1 9 0 9 ..M -N £105
60
61
B o n d s S ee S to c k E x c h list
R u b b e r G o o d s M fg S ee St o c k E x list.
62
1 N o r A W e s t - P o c a 4 s . 1941
4 s 1927.
91
C o n s o l 5s 1 9 4 8 ----- «F -A £117% 11 9 %
£ 9 2 % 9 3 % B u s s e ll A E r w in ___ ..2 5 f 58
W e s t C M ca g o S t . . . . . . 10*6 102%
S ix th A v e n u e s t o c k . .100 1 8 0 . 185
145
N o r th e r n S e c u r itie s .. 100 1 0 2 % 103% S a fe ty C ar H e a t A L t 100 142
165
115
P e n n B B e o n v 3 %s (w i ) . 103
S o u B o u le v 5s 1 9 4 5 .-J-J £111
103% S im m on s H a r d w c o m 100 160
G o n g 5 s 1 9 3 6 .. . . . M - N £ 100 % 101
110
155
S o F e r 1 s t 5s 1 9 1 9 ... A -O £108
P itt s B e s s A L E _____ 50 f 36% 36%
P r e f e r r e d ....................100 1 5 9
G a s S e c u r it i e s
160
E x c h lis t
P r e f e r r e d . . . . ..............50 f 74
2 d p r e fe r r e d .............. 100 154
T h ir d A v e n u e S ee S
76
N E W YORK
270
S ea b ’ d A ir L in e s to c k See Balt. lis t
108
110
T a r r y W P & M 5s ]
S in g e r M fg C o ............. 100 250
9% 10%
Y k ersStB P v 5s 1 9 4 6 A -0 1 0 8 % 1 0 9 % C e n t U n io n G as 1 s t 5 s . . . £110 111
B onds
See N Y S to ck E x c h lis t
S ta n d a rd M illin g C o. 100
32
P r e f e r r e d ...................100
3 3%
£113
114
C on G as ( N Y ) s t o c k N Y StOCk E x c
83 ‘
84
E q u it G as c o n 5 s 1 9 3 2 See S tk E X
408
415
5s.
^ I n d u s tid a l M u d M i s c e l
106
640
M u tu a l G a s . . . .............1 0 0 350
D e b 5 s 1 9 0 6 ............. J-J 102
S ta n d a rd O il o f N J ..1 O 0 682
. . . __ 26
i A c k e r M e r A C o n d i t ..t6s 100
S ta n d a rd B o t a r y M o to r
N e w A m ste r d a m G as—
102
116% 117
A llia n c e B e a lt y ..........100 100
55
108
o
s
-J
P r e fe r r e d . . . . . . . . . . . . . . . .
112 N 1 st c o n sEl&5P 1 9 4 8 ..Jc k £ 1 1 1 % 1 1 2
Y G -E L
See S to
. m
a
A m a lg C o p p e r S ee S to ck E x c h lis t
S ta n d U n d e r g d C a b le 100 240
E x c h list
BROOKLYN
31
N Y A E a s t B iv e r G a s—
S ta n d a rd C o u p le r com lO O
35
A m A g r ic Chern See B o sto n last
A tla n A v e 5s 19 0 9 .
1 s t 5s 1 9 4 4 .......... ...L L J 1 1 3
P r e f e r r e d ........ ..........100 120
125
A m e r B a n k N o t e C o . . . 50 t 58
£105
60
115
C on 5 s g 1 9 3 1 ........
A m B ic y c le S ee N Y S t k E x c h lis t
C o n so l 5s 1 9 4 5 ..........J-J 1 0 8
114
S to r a g e P o w e r ................50
112
iia
9% 10
I m p t 5s S ee St-oci
h lis t
106
N o r T in 1 st 5s 1 9 2 7 .M -N 108
A m e r ic a n C an c o m . .. 100
14
110
14% S w ift & C o......................100 105
102
B B & W E 5s 1933.
P r e f e r r e d ...................1 00
101% • A
•
S ta n d a rd G as c o m . . . . 100 130
140
57% 58
1 s t 5s 1 9 1 0 -1 9 1 4 ....J -J £101
P r e f e r r e d ....................100 150 1 6 0
244
A m e r ic a n C h icle C o .. 100
T e n n e s s e e C o p p e r........25 t 1 2% 1 3%
246
98
103
C o n 5s
list
90
1 s t o s 1 9 3 0 .............. M -N £115%
2
P r e f e r r e d ...................100
T e x a s A P a c ific C oal. 100
90
95
n o
104
107
A m e r G ra p h o p h on e . . .1 0 t
1 st 6s 1 9 0 8 ................A -O £106
3%
3
O TH ER CITIES
105
P r e f e r r e d .................... 10 t
108
T itle G u a r A T r u s t ...1 0 0 570 595
7
8
B k ln Q C o A S u b
E x c h list
A m e r L ig lit A T r a c t . 100
A m e r H id e A L e a th e r 100
9
36
34
9% T itle I n s Co o f N Y .. 100 165 1 7 0
15
B k ly n B a p T ra n
E x c h list
P r e f e r r e d _____ _____100
P r e f e r r e d ........ . . . . . . 1 0 0
T r e n t o n P o tte r y coin 100
16%
45
92
91
46
C o n e y Is la n d A B
390
P r e f e r r e d ....................100
6s See S to ck E x c h list
B a ltim o r e C o n so lid a t See B a lt lis t
410
95
74
1 st 5s 1 9 0 3 . . . .
T r o w D ir e c to r y n e w ..1 0 0
101
i A m e r ic a n P a la c e Car. 100
....... B a y S ta te G as ................50
78
2$
39
41
2%
101
U n io n C o p p e r ..................10 t
P r e f e r r e d ...................100
8%
B in g h a m to n G as o s 1 9 3 8 £ 93
io s
85
90
96
4%
20
B rk C A N 5s 1 9 3 9 .J-J 114 116
88
U m o n S te e l A C h a in . 100
B o s to n U n ite d G as b o n d s B o sto n Ik t A m e r P r e s s A s s o c ’n .1 0 0
99
100
l B u ffa lo C ity G as stocklO O
!
40
G r S t A N ew 1st 5s ’ 06
50
P r e f e r r e d ....................100
104
A m e r ic a n S c r e w ____ 100
60
12
U
G r’ p t A L o r im e r S t Is
A m e r S h ip b u ild in g .. .1 0 0
106
1 st 5 s b o n d s ___ . . . . . . . .
id 5
85
3 7 % 38% U n ion S w itch A S ig n a l 50 1 94% 95
86
K in g s Co. E le v a te d —
n o
P r e f e r r e d ........... ...... 100
P r e fe r r e d _______ — 5 0 1107
C h ica g o G as See N Y Stic E x c h list
96% 97%
1 st 4 s 1949 See S
95
U n io n T y p e w r c o m .. 100
- E x c h lis t
98
A m S od a F o u n c o m .. 100
2
C in c in n a ti G as A Ele-clOO 103
104
6
N a ss a u E le c p r e f .. . ^
182.
1 st p r e fe r r e d ............ 100 129
83
C ol G as L A H e a t com 100
85
2
1 st p r e fe r r e d ............. 100
58
90
58
o s 1 9 4 4 ....................
130
188
113
115
P r e f e r r e d ....................100 110 %
a
2 d p r e fe r r e d ............. 1 0 0
9 ' 12 : 2d p r e fe r r e d .. . . ____100
1 st 4s 1 9 5 1 .............
8 6 % 86%
A m e r ic a n S u r e ty ..........50 160
U n ite d C o p p e r C o ____100
1 st o s 1 9 3 2 . . . . ..........J-J £108 109
90
185
105
13
18%
A m e r S tr a w b o a fd ___ 100
C o n so l G as (N J ) s tk .1 0 0
106
39% 31% U S C ast Ir o n P i p e .. . 100
18
15
47
47%
P r e f e r r e d ................ 1,00
£117
119
2
B o n d s 6 s .....................F -A
1 s t o s 1 9 3 6 ................. J-J
100
85
15
18
U S C otton D u c k ........100
A m e r T o b a c c o c o m . . . 50 280
G on su m G as (J C ity )—
300
85
U s B n v e lo p e c o m .. . 100
A m T y p e l o ’ r s stock ... 100
1 s t 6s 1 9 0 4 .......... ..M -N £103
47
50
104
O TH ER CITIES
70
76
P re fe r r e d ....................100
. A m e r W o o le n See S to ck E x c h list.
D e tr o it C ity G a s ........... 50
B u ffa lo S tr e e t B y —
38%
U S G lass c o m m o n ...lO o
A m e r W r it in g P a p e r . 100
D e t’ t G as b ’ ds See N Y S tk E x c h list
3
4
1 st co n so l o s 1 9 3 1 ..
146 *
P r e f e r r e d ....................100
£115
P r e f e r r e d ...................100
117
E s s e x A H u d so n G as 100
11
12
30
35
. • V list
£106
T
F o r t W a y n e 6s 1 9 2 5 ..J -J
5s 1 9 1 9 . v . . .................J-J
71
72% X S R o d u o tA B etU lin g '
55
50
97%
) 220 223
X S S te e l C orn 5s (wl\ tss)
T
A n th r a c ite C o a l......... 100
G a s A E le c B e r g e n Co 100
80
70
SO
25
16
\1C
1 E x c h list
B a r n e y A Sm O ar........100
\Y\iversal Tubi\O0O
G ra n d B a pid a G as—
20
25
) 105
40
112
P r e f e r r e d ...................100 127
P r e f e r r e d ___ - .......... 100
1 s t 5s 1 9 1 5 . . . . . . . . . F -A £1 0 4 % 106
128
It
)
80
* m«
,%
Y u C oal Ir o n w C ok e. 100
84
. B liss C oiu pany c o in ___ 50 145
H a r tfo r d (C t) G as L . . . 2 5 f 49
■>,+
W4 %
.
55
C olu m b u s (O )
5s 1 9 4 9 . . . . .............. M S
P r e f e r r e d . . . ...........
h
)
50
54
H u d s o n Co G a s . . . . . . . 100
140
145
23
26
to o
P re fe r r e d . . ,
a
) 105% 197
B o n d A M o r t G u a r .. . 100 4 50
W e s tin g h A ir B rake .50 l
5s g 1 9 4 9 ............................ 101 102
475
i ila list
C olu m B y c o n 5s
In d ia n a N a t A 111 G as—
B r it ’ ll C o lu m b ia C op p er 5 \ 8%
9% W h it e i< u ob M iilin g .1 0 0
W o r th in g Pm up pref 100 121
) £109 | x u
1 st 6s 1.908.......... ..M -N
v,
n o
50
IIM
5 1 %? C ellu lo id C o ____ _____ lO o

Volume of Business at Stock Exchanges

Outside Securities

t m

£ B u y e r p a y s a c c r u e d in te re s t.

t P r ic e p e r share,

f B ale p rice .

THE

Ma y 3, 1902.]
B o s t o n ,

P h ila d e lp h ia

a n d

B a ltim o r e

K W S h a rn P r ic e * —N o* P e r (le n t a n

S a tu rd a y ,
A p r il 2 0 .

M onday,
A p r il 2 8 .

T u etd a y ,
A p r il 2 9 .

♦204
107

2 0 4 * 905
109
170
248
201 209
108
109

2 0 4 * 804*
168 170
i ••»•• 248
905 8 0 7 *
109 1 7 1 *
135 185
•79% 79%
♦60% 59%
1 4 0 * 147
36% 87%
45
45%
V8
98*
♦29
20*

205
100
240

100% 201
105

105

•709* 79%
*50% 5914
140*1 14094
80*

30%

07%

9?%

44*
•39*

45

80

214% 2 1 4 *
75* 76*
38 7 ' 1 0 8 3 *
♦ 4 3* 43%
•86% 86 *
27% 38%
47% 4H
1 0 5 * 105*
♦67% 88 %
43% 43%
1 0 * 16%
♦90
96*

79% 7 9 *
♦59% 59%
146% 146%
S6%
00
45
45%
07* 93*
• 28* 3 9 *

•no*

•215 . . . . . . *.........2 1 4 *
70* 70*
70 7-10 7 0 *
88 34 1-10
43% 4 3 *
43 5-' 6 4 3 *
8 0 * 8 «%
35% 0 11-10
27% 21 ‘
* 7 * 87*
4 7 * 47%
*47* 47*
1 0 4 * J0 5 * 1 0 3 % 1 0 5 *
87
88 *
8 7 * 88
4 3 * 43*
4 3 * 48%
10%
*0

'6 *
90*

•1 « %

95%

90*

07%
28*

05%
80*
60

00%
80*

05*
39*
87*

06*
30*
87*

%

%

12B* 126*

184%
319
182
589
24%

125*
119*
184
570

124*
H 8
183*
584

*4*

19*

20
72

24%
19*
*71*
33

67
27*
85

86

%
120

♦119
181
•570

182
575
24%
20
20
71* 71*
29*
29
77% 7 7 *
143*
I 4 i*
77*
4

77*
4%

%

+

90
♦89
149* 140*
19* 19*
5*
5%
1 8 * 18%

122

122 %

88
1

71*
29% 32%
77* 78*
142 143
77*
4*

77*
4*

%

1«*

*

1

79
141*

125*
119
184*
540
24ft
19*
72
30
80*
142

77*
4*

78
4*

%

80
89
148*150
17* U *
5%
5*
13* 13*
121 * 1 2 2 *
55
55
3 1 * 88*
1 C% 15%

•S9
90
1 4 8 * 150
1 7 * 18
5%
5*
13
13*
121 * 121 *
54% 55
33
33
1 5 * 18

54*
54
3 1 * 31*
15% 1 5 *
•t m . •••••
114 114
114 1 1 4 * 114 114
♦118 115
*118 115
♦113 115
B<&snd asked price c no sale wm

IN A C T IV E 3 T O C K 8
RAILROADS.—P r ic e *
Amor. Railway■(Phil) 50
A t l A Charlotte (Balt) 100
Bo* A Maine pf.( Boat) 100
vostcn A
"
100
CamdenATren. (Phil) 10
jonn A PassuDL (Bost) 100
Oonn R iv e r.,.. “
100
Oonsol Tr PittsT(Phil) 50
P ref L , . , c . . .. 4
4
BO
South A Fla.(Balt) 100
1st p r e f .,,,,. 4
4 100
2d p r e f ,,.,,.
4
4 100
G’ rmant’n Pass (Phil) 50
Hestonv M A T
1
4
50
P ref....... .
4
4
50
Inds Street.......
6
4 100
Little 8ohuylk. 8
4
50
Maine Central. (Bost) 100
MinehUi A S H . (Phil) 50
gfesqaehon’g V. 4
4
50
North P e n n .... 4
4
50
?ere Marqu’te.(Bost) 100
Pref.......... .
4
4 100
PM1 Germ A N.(Phil) 50
1
Phila. Traction 4
4
50
Rys Co General 4
4
10
Rutland pref ..(B ost) 100
United M J ........(Phil)100
UnPowA Trans
“
25
West End pref.(Bost) 50
West Jer A SB.(Phil) 50
W e stN Y A P a . 4
4
50
Wls Cent, new.(Bost) 100
P ref............
4
4 100
Wor Nash A R. 4
4 100
MISCELLANEOUS.
4 1one* Mining (Bost) 36
.1
Amer. Cement. (Phil) 10
Am Gold Dredg(Bost) 10
Amer. L A S . . (Phil) 50
AmPneumServ(Bost) 5C
P r e f .............. 4
4
50
A r ca d ia n ..,,.,, 4
4
25
Arnold Mining.
4
4
25
Atlantic Mln’g. 4
1
25
Seth Steel........(Phil) 50
Boston Eleo LL(Bost) 100
Cambria Iron..(Phil; 50
Canton Co......... (Balt) 100
Oentral O il....... (B ost) 25
ConMerour gold “
5
Cop.Raoge,con. {t
,,,,
Comb Tel < Tel 4
fc
4 luO
Daly-West Min “
20
Deny Bessemer (Phil) 1 *
La Long H < K
fe
4
4 10
Dlam H tateSt.,
4
4 10
Pref. . . . . . . . .
4
4 ..
IHnnln Coal pf. (Bost) 100
Item Iron A S.tf 4 . . . .
4
Kaeton Con J J (Phil) 50
CL
M laon Ki 111!.,(Bost; 100
FleeCoof Arnlf (PhlJ) 50
Franklin Mln'g.(Bost) 25
General E lect..
“ lOO
Pref.....................
4 100
4
GhB-S, Brow lrig(Balt; . . . .
I n d -F g r p Com rB ost; 100

IntBatHAHk 4
4

10

l e t B P A Jjyn aro(P h il) 50
I s ly RoyaieT|..(Bost) 25
Merger*thaler ..
4
4 00

CHRONICLE
S t o c k

P r ic e * .

W ednesday T h u r td a y ,
M ay l .
A p r il 3 0

A ek.

2.

A

D a ilv

a n d

A C T IV E 8 T O C K 3 F r id a y 9
M ay 2.

7 I n d i c a t e s u n li s t e d .
1

Y e a r ly

Balt*
o f the
Wtt/c.
Share*

R a i l r o a d H toek n .
284
204
203 208** 208 2 0 8 * B oston A A lb a n y ...................t(B o s to n )* ...1 0 0
810
B oston E levated, fa ll p a id ..
4
4
....1 0 0
107 107
1 0 4 * 108
108
7
24H
B oston A L o w e ll....................
“
. . . . 1 00
245 240
248 ♦ m i l
4,807
B oston A M aine..................... .
41
... . 1 0 0
1 0 9 * 201
200
203
804*' 205
950
♦......... 171
170
Ohio. Juno. A U n .S tock Y d s.
41
....1 0 0
108
1 7 0 * 172
17
•135 134
P referred ..........................
“
....1 0 0
♦185 188
185
135
200
7 9 * 7 9 * *79% 79% *70% 1 0 % C hoc.O kla. A G. trust certs. ( J P h l i a . ) . . 00
P rof erred T r. oertfs . . . . . . • 4
4
. . . . 50
♦50% 69% ♦59% 50% ♦59% 50%
398
1 4 0 * 1 4 0 * F itchburg, p r e f . . . . . .........(B o s t o n ).*..1 0 0
147
140% 1 4 ” *140
8 0 * 30%
30
80% Lehigh V a l l e y . . . . . . .................( P h ila .)],,,, 50 18,009
30% 8 *%
44.
9,018
43
4 1 * 43% M assachusetts E lect. Cos . ..(B o s t o n ). . . . 100
44
45
4,868
9 7 * 08
98% 98%
P r e fe rr e d .. ...........................
“
..,.1 0 0
9W
% » 8%
2 C0
♦27* 2 8 * M exioan C e n t r a l . . .........
“
.* ..1 0 0
9 8 * 3 8 * *28
a «*
• n o * .......... N orthern C e n t r a l . . , , , , . . . . . . (B a lt.)
50
54
2*
1*6 810* 210 210 Old C olon y ... •••* . . . . . . . . ••«u(B oa ton ) . . . . 100
2 1 2 312
70
77%
7 0 * 7 7 * P e n n s y l v a n i a .. , * , ,. , .. , ,. . .. (P h ila .).* .. 60 14,557
70 70 7-1 0
84%
83'
Reading C om pany......... “
. . . . 50 103,802
83
83%
2,281
43 * 43*
47 * 48*
43
43%
1st p r e f e r r e d . . . “
. . . . 50
85% 30
2d pr ef er r ed. .
“
«••• 50 17,510
30% 3 « *
4,755
26% 27
£7%
37* 27*
Seaboard A ir L in e
(B a it.) ,«*,L0Q
3,336
<17*
47
47
47* 47*
P r e fe r r e d ....... 4
4
.,. . 1 0 0
!? &
4,844
104% 104% 103 10«% Onion P a c ific .........................( B o s t o n ) ... .100
104% 105
186
8 7 * 88
87% 87% P r e fe r r e d ....... ..................
87% 88
4
4
... . 1 0 0
9,338
43% 48% Union T raction , $ 1 7 * p a id . (P h lla .) . , , , 50
48% 44
43%
2,443
1 0 * M 0% 1 0 * United R y A B leo. O o......... (B a lt.) , , , , 60
10% 16 *
1,071
0 5 * 00
96*
9 5 * 90
W est Bnd S t r e e t ....,....... . ( B o s t o n ) ,,.. 50
W tR»e©H ane«u® S t o c k s *
5,097
0 0 * Am algam ated CopperV
(B o s to n ). . . . 100
06% 00
06 * 00 % 05
28
28%
20 * 28 A m or. A gricu l. Chem ical T. .
28
30*
“
,,,,1 0 0 10,335
8,020
88
87*
8 7 * 88
P referred 7 .........••<,•.«««,.•
“
... . 1 0 0
87* 87*
11-10
* 1 1 - 1 0 13-10
*
1 Am erioan A l k a l i , . ( P h l l a . ) , . . . 50 25,486
P referred, $15 paid
<
4 ,«,o 50
1 8 5 " 1 2 6 * 130% 1 3 7 * 1 2 6 * 1 2 8 * A m erican Sugar R efin in g 'L ( B o s t o n ) .... 100 10,734
1 1 9 * 1 1 0 * 1 1 « * ISO
305
P referred t . . . , . . . , ........
4
4
,,. . 1 0 0
5 ,«9 i
1 8 3 * 183 184 A m er. T eleph on e A T el. O o. .
183 1 8 4 * 183
4
4 . . . . 10 0
845
510 540 Calumet A H
585 536
533 540
e
c l a
4
4
« . . . 35
4.874
2 4 * 24% Camb. S teel.............. . ..( P h ila .) . . . . 50
24% 34%
3 4 * 24%
2,276
19* 10*
1 9 * 19%
1 7 * 1 9 * Centennial M in in g ..,,.........(B o s t o n ), , , . 95
72
1,400
♦ 71* 7*
• 7 1 * 72
Consolidated G a s . . ( B a l t . ) ....I C O
32% 38% Consol. Lake S u p e r io r ..,,,, (P h lla .) ..,.1 0 0 67,984
3 3 * 3«%
S3
85
77% 78
7 7 * 77%
7 7 * 70
P r e fe r r e d ..,,,....... ..............
4
4
...„ 1 0 0 12,714
1,006
141
141
140 140
135
D om inion Coal
.( B o s t o n ) ,... 100
Erie T e l e p h o n e - . . , “
... . 1 0 0
780
7 8 * 7 8 * ♦ 7 7 * 7 8 * L ehigh Coal A N a vigation ... (P h lla .) . . . . 50
7 7 * 78
3,105
Maraden CoH
,,,,,•
4
4
.,.,1 0 0
400
“
, , , , 50
i * National A sphalt
•%
•1
4
4
50
1 % P r e f e r r e d . ,, , ,. , ,,
89
89
76
♦ 8 9* 90 New Eng. Cotton Y a m , pr e f. (B oston ).««*100
89
89
150
151 151
886
New England T e le p h o n e ...,
‘4 ....1 0 0
18
IS *
Old D om inion Copper T . , , , o )
e
14
. . . 25 1,071
18% 18%
5 11-10 5% 5 13-10 5% 5 * 5 13-16 Philadelphia Elec. 0 * p a id . . ( P h ila .). •,. 25 19,005
1 2 * IS
5,875
( B o s t o n ) ..., 25
12% 1 3 *
1 1 * 13% Trinity M ining
1 2 1 * 1 2 ' * 121 * 1 2 1 * 1 2 1 * 132 United Gas Im p rovem ent 7.. (P hila.) ••. • 50
3,040
4,664
55* 57*
55
65*
50% 5 0 * United Shoe M ach in ery., • ,,(B o s to n ), , , , 25
2,577
32
32*
3 2 * 33
32
33
P r e f e r r e d “
. . . . 25
1 4 * 1 5 * United State* O il..,o o ,...o c o
4,427
15
15*
1 « * 15%
“
25
SO W elsbach C o , •m . i m i u m n (P h ila o ),,»»1 0 0
•««««> *28
111 111 ♦ ...........1 1 2
n ia " iiT
70
W estingh. E lectrlo A M f g .. . (B o s to n ). . . . 50
. . . . 113
112 113
115 115
73
a S3 e-te 33 15-10
made.
6 35 9 10 30 8-16**0 33 9-10 38 11-16'*
203
108

Bid A s k .
M ISCB LL.—Concluded.
M ex T elep h on e(B oa t) 10
2*
4b
8%
M tY erC otD uok(B alt) .« ,
105
11* 12
4
3*
175
NewBngGsAC 1 (B o s t ). , .
New H ay I A S .(P h ii;
5
806
6%
5%
S* 3%
5% Old Col M ining. (B ost) 25
5*
O sceola M ining. 4
4
25
105
P alm etto C o ... .(P h il) 25
285*
%
P arrott SllACop( B ost) 10
24* 25*
P en n M e c v e h .( P h il) 50
1%
P r e f ................... 4
4 50
48
110*
ICO ! 0 2 * P en n syi S a it ... 4
4
50 1 1 0
88
81
P en nsyl S t e e l. . 4
4
147
P r e f ..................
4 100 *91%
4
, r ,.»
50
47
P h ila Co
i 4
4
50
6
73
0*
PlantersCompH (B o s t) 100
123
128
57%
Q uincy M ining.
4
4
25
%
.....
R h od e Isl M in..
4
4
S5
2*
1
178
Santa Y aabel G 4
4
5
*
Seattle E lectrlo 4
4 100
107*
P r e f .. . ,, , . . . . 4
4 100
8%
S u s q u e l A S 7 ..(P h il)
5
9*
7SHi Tam arack M in .(B ost) 25
72*9
0*
88
T idew ater S t ... (P h il) 10
0%
37
T o r rin g to n 4A ” (B ost) 25
4
20
28
98
P r e f........ .
4
4
35
U n C o p L A M ’g 4
4
25
4*
43
41
104
100
U n E lL A P o w p f (B a it) 50
283h>
United Fruit (B ost) . 100 107% 10 *
20%
40
20*
U S M in i n g .,,,
“
25
115
110
Utah M ining..
4 4*85 22 % 2 3
4
W arw ick I A S .(P h il) 10
4*
6 9 h 70
W e atm rel Cnal 4‘
50
80
W esL T el. A T . .(B oet)1 00
P r e f . . . , .........
4 100 S o l* 102 *
4
a
1 5 2 * >«•«•
W in on a M ining
4
4
25
55
S i*
W olv erin e Min. 4
4
25
B o n d s —B o s t o n *
m
?*
A m B eil Tel 4S..1908 JAJ . »9% 9 6 *
2
8
A TAS F gon g 4 s . ’ 95 A AO J108
A d ju stm en t g 4 s .. 1995 | 04
5*
0*
U 7*
B oston T erm ’ l 3 * s . .1947 a.
90
Bos Un Gas 1st 5 s .’ 30 JAJ \ 87
j» *‘
71
2d M 5 s ...........1039 JAJ
4%
4*
•« ••0»
1
Bur A Mo R iv e x ’pt 0s. JAJ | l 20
80
N on-exem pt 0 s .’ 18 JAJ
28
Sink f u n d 4 e ..1910 JAJ 3l M.
90
Cent Y t 1st 4s 19 2 0 ..Q -F f 89
Ch Bur A Q 4 b . 1922 FA A $101
4 7 * 48
Iow a D ly 4 s .l9 1 9 A A O OtIM
*% >
,
05
98
110
0%
&* Chicago J uno 5s. 1015 J AJ $108
Ch A No M g u 5 s .r81MAN $ 1 0 0 *
Chi A W M g e n 5 s.’ 21 JAD $100 *
5 3 * 57
107
129*
Curr’t Riv lo t 5a.’ 27 A AO $305
D G R A W i s t 4s,’ 40 A AO $ 0 9 *
44 ^ 45
••es
D om in Coal ls t0 s .’ 13MA8 $110
*
1
r
.*;ast’n 1 st M 0s g .’ O0 M A 8 a 109% se *f f
t
»*»•
Fr ElkAM V la t B r 138 end $ 1 8 7
1%
$1*7
Unst’ p’d l s t 0 s .’ 8 8 A A O
4
III in 8teel oonv 5s.’ 10 JAJ $ 1 0 1 *
118
05*
05
De ben t u re 5 s. 1913 A. A O $ 1 0 1 * . . . .
100 *
K C C A 8 1st 5 s g .’ 25 A AO $106
%*
%
270
275
K 0 Ft SAG lstvs.'O S JAD $114
• ***
*
$125
j 0 F BAMoon 0s.’38MAN
K
7*
99
10 * 1 1
R O M A B U t 4 s ..’ 84 MAH $ 98
9 4 * 90
In com e 5 s .,...............
827
112
K CAM RyAB6ffl.’ 20 A AO $ 1 1 0
K O St J o A C B 7 ».’ 07 JAJ $114
*••»
12* 18
$105
a * L R ookA F 8 ls t 7 s .’ 05 JAJ
i*
Mar II A O n t0 s...’25 AAO 1118
a*
lH
9
88
M ex Cent i s g .. 1911 JAJ $ 81
83
85
14
1 at oon luo 3s g non-onm
88* 85
100 J « a *
2 d oon 1/10 3s non-onm..

B id .
M ay

E x c h a n g e s —

931

8 T Q C K 8 -B Q N D 8

BONDS
B o s t o n - Concluded.
New Bng con gen5s’ 45JAJ
N B C otY ara 5s 1929FA A
N B Gas A C i s t 5 a ..1987
New Eng T ele 5s.’ 16 AAO
0 s . . , , , ....... ,,1 8 0 7 AAO
N YAN E ng lo t 7 s .J JA J
05
1st m o r t 6i .. ..1 9 0 5 JAJ
Rutland 1st 0 s , , ’ 02 MAN
Rut-Can 1st 4s 1949. JAJ
Seat E lec 1st 5& 1930FAA
T orrin gton 1st 5s 1 9 1 8 ...
W est End St 5s. . ’ 02 MAN
4 * * ....... o » .,,1 9 1 4 MAS
Deb 4 s...........1918 MAN
S o n d e —B a lt in a ©ya®
A n acostia A P o t 5 a
A tl A Ch 1st 7S.1907 JAJ
A tl Coast L c tfs 5 a . , JAD
BaltCPas 1st 5s. 1 9 1 1M AN
B alt Fundg 5s. 1910 MAN
E xch ange 3 * s .l9 S 0 J A J
Funding, 3 * s , 1952JAJ
B a itA F lst 6sm l 1911AAO
1st 6s tunnel 1911..JAJ
Bal Trac 1st 5».1929M A N
N o B altD iv 5®.1942JAD
C on v’rtible 5sl0O8M AN
Central R y 0s.. ,19 12 JAJ
Consol 5s. ...1 9 3 2 MAN
E x t A Imp 5 s.l93 2M A 8
Chas City R y ls t 5s ’ 23J AJ
Cha* R y G A H 1 5 s ’ 99M A 8
CharlCAA ext5s,1909JA J
2d 7s 1 9 1 0 ....... ,,.A A O
CityASub 1st 5s. 1922JAD
C ityA Su b(W ash ) l® t5»’ 48
C olA G rn vlst5-0.1917JA J
Consoi Gas 6s. .1010 JAD
5 s .,.« .
1939 JAD
Ga A A ia lstp f5 sl9 4 5 A A O
G aC a rA N lst5sg.l9 29 JA J
G eorg iaP lst5-0s 1022JAJ
G aSoAFla lst5 *.1 9 4 5 J A J
G-B-S Brew ing 3-4* 1051.
In com e.
K n ox v T ra c ls t5 s ’ 28 A AO
Lake R El lstg u 5 o’ 42MAS
M etflt ( W ash) 1 at 5 »’25F A
Mt VernonCotD uok 1st 6s
In com e. .............................
New Orl Gas 1st 5s...V a r
N ew pN A O P lstS s’ SSMAN
N orfolk St 1st 5s ’ 4 4 .JAJ
NorthCent 4 * s .l 925AAO
6s 1 9 0 4 ................... JAJ
Series A 5s 1020....JA J
Series B 5s 1920— JAJ
P itt Un Trac 5 s.l9 0 7 JAJ
P otom V a l 1st 5 s .l0 4 lJ A J
SecA vT n (P itts) 5s’ 34 JAD
Qav Fla A W est 5s ’34AAO
Seaboard A L 4s 1 9 5 0 .,,,
Scab A Roan 5s. 1920 JAJ
So.B ound 1st 5 s ’ 41. AAO
U n E lL A P le t4 * » ’ 29MAN
U n R y A El ls t 4 s ’ 40„MAS
In com e 4s 1 9 4 9 ,.,,JAD
V lfg Mid 1st 0s. 1006 MAS
2d series 6 s ..1911 MAS
8d series 0 s . . 1910 MAS
4th ser H-4-5s.l921MAH
5th series 5s. 1026 MAh

B id , A e k .

R e c o r d .

U a n y t o f B a lt$ in 1 9 0 2 .
L ow etL
201*
101*
241
191
152
180
70
53
143
34
33
9d

20
101
210

78%
20*
40
30
28%
44
98*
86%
32
14%
94

Jan.
Feb.
Jan.
Jan.
Feb.
Jan.
Jan.
J An.
J an.
Mar.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Mar.
Mar.
Jan.
Jan.
Apr.
Feb.
Mar.
Jan.
Jan.
Jan.

UiytxtMl

200 Mar. 7
21 1 7 3 * Mar. 14
2 948 Apr. 8
V 209

Apr.
Mar.
w 130
Mar.
10 88 * Apr.
le 60% Apr.
21 148 Mar,
20 88M Jan.
80 4 5% A pr.
2 b 9 8 * Apr.
16 81 Mar.
7 1 1 1 Apr.
r 217
Apr.
14 7 7 * M a 7
1 * 3 4 * May
0 41^ Apr.
1 * 37 Apr.
3
24 2b% Apr.
2 5 0 * Jan.
28 1 0 7 * Apr.
n
90% Jan.
0 4 4 * Apr.
27 17 Mar.
98% Mar.

20 172

01% Mar. 25
21 Jan. i e
8 i% Jan.
3i Feb. 3
*
116*
115
155
583
83%

Jan.
Jan.
Mar.
A pr.
Mar.
1 1 Jan.
8 3 * Jan.
21% Mar.
0 6 * Jan.
54 Jan.
1 4 * Jan.
71
A p r.
2% Feb.
Jan.
* Apr.
89 Jan,
185 Jan.
1 7 * A pr.
8% Jan.
1 1 * Feb.
115 Jan.
46 Jan.
29 Jan.
1 1 Jan,
34 Jan,
86* Jan.
89 Jan.
| L ow est is

BONDS

28
28
26

2
10
11
2
21

28
81

22

14

2

).
25

22
20

A
21

2
8

15
18

79
Feb. 1
8 0 * Apr. 29
88 Mar. 15
1 Apr. 28

0 135% Mar. 81
Apr. 20
1 185% Apr. 4
30 050
Feb. 1
0 28 Jan. 7
M 28 Mar. 10
4 120

7 2 * Apr. 18
38 A pr. 29
8 0 * A pr. 29
2 148 Apr. 15
2 8 t Jan. 28
15 78% Jan. 2
3
4% Jan.
2
39 1 1-10 Feb. 7
2
2 Mar. 24
15 90 Jan. 2
2 151 Apr. 30
20 25 Feb. 1
27
5% Apr. 10
1 & 1 8 * Mar. 3
Feb. 8
3 5 120
2 5 7 * M ay I
2 S 3 * A pr. 28
9 16 Apr. 29
3! 30 Jan. 9
11 1 1 5 * A p r. 0
29 117 A pr. 9
ex divid .
38

20

3

Bid. Aiko

B a l t i m o r e —Conolu’ d
90
95
•
1 ......... 8« fto■ V a (State) 3s n ew .’ 32JAJ
95%
95*
S103 1 0 8 *
Fund debt3-3s. 1901 JAJ
5 7 * W e s tN C con 6 ®. 1914 JAJ 120
5 55
116%
W e s tY a C A P lste g .’ llJ A J 115
§ .....
W il A W eld 5s., 1985 JAJ 122 * 12S
$108*
B e n d s —P h ila d e lp h ia
$100 (iioei A lle Y y B e r t 7 sl9 1 0 A A O
$100 *
A sph alt Co 5s tr c tfs 1949
.’
6102
•••»«» A t l City 1st 5fsga 19 MAN
5100
Balls T er 1st 5S.1926 JAD
108% B ergA B B rew lst0 s’21J&J
5•••
••«
102
Cambria Iron 08.1917 JAJ
§ ........
ChesAD C a n lst5 s.’ 16 JAJ
\.......
C h ocA M em lst5sl94 9J & J 1 1 9 *
C h oc Ok A G g en 5s?19JAJ 'IS*
97
95
Cit*s’ S tR y (In d )o o n 5s.’ 3h 1 0 9 *
Colum St R y I s tc o n S s .’ SS
115
no%
117
Con Trac o f N J 1st 5s..’ 3c
no
05
1 1 3 * D el A B Bk 1st 7a.5 F&.A
120 1 2 2
E astA A 1st M 6a.’ 20 M&I>
111
E dison E lec 5s stk tr ctfs
n o*
0 8 * 99
114
115
E lec A P e o p ’s T r stk tr c t f t
«•• • '«•••• B lm A W ilm 1st 0s.’ 10 JAJ
•
In com e 5s... .2862 AAO
118
iso
Bq 111 Gas-L lg tg 5 * .1 9 2 b 108%
1 2 2 * H eston v M & F con 5s.’ 24
131*
103
1 0 8 * H A B T op con 5s.’35 A AO
Indianapolis R y 4s. ,1933
8 0 * 87
it s
L eh igh Nav 4 * s . . ’ 14 Q -j
120
H R 4« g0. . . , , ,19 14 Q-F
117
100 id s
G en M 4 * s g . .1924 Q-5
90
b9
L eh Y O’l 1st 5s g .’ SS JAJ 1U% 112%
120 «e**1 Leh V a l e x t 4s.. 1948 JAD 118 1 3 2 *
* •, M ill!
•
2d 7 a . . , , , , 0. .1910 MAS 125
117
118
Consol 6s .. , , , 1923 JAD 125
92
04
144
A n n uity 0s....... ,,,,J A D 141
1 2 2 * 124
Nat A sph alt 5S.1951. JAJ
1 1 4 * 115
N ew ’k Con Gas 5s ’ 48 JAD
m j * 1 1 6 * Newark Pass co n 5s. 1930 118%
N Y P h ilA N orlst4 s ’ 39JAJ
In com e 4 s ,. .1939 MAN
118* 114*
N o Penn 1st 4s..’ 36 MAN 110
138)*
115
lie
104
G en M
,1903 J& j
02 % 53
P en n gen 0s ro..1 9 1 0 Var 120*
45
45*
Consol 0 s o , , , , 1905 Yar
97
97*
Consol 5s r ..,.1 9 1 9 Vai
117
P en n A Md Steel oon 6s . . 114
117
P a A N Y Can 7s..’ O0 JAD
79
80
Cons 5 s . , , , , , 1939 AAO
Con* 4 i ........ 1939 AAC
42% 40
P en n Steel ls t5 s .’ 17 MAN
10 0 *
P e o p le ’s T r tr cert® 4s.’ 4 .; 1 0 0 * 107
1
118
i 14
P hlla M e c gold trust ctf»
115
T rust certfs 4 s . . . , .......
65*
107
P h A E r gen M 5g.’ 20 AAC • • • • • '
123
Gen M 4s g .. l 9 2 0 AAO
123*
Ph A Read 2d 6s.*8S AAO 132
,,
117
Consol M 7 s . .1011 JAB 127% 128%
118
122
118*
Con M 6s g ... 1911 JAB 121
117
H x t lm p M 4 s g .’ 47 A A t
116* 110 *
Con M o f ’ 83 4s.’ 37 JA,
87
Term inal 5s g.1041
87*
115
U 7 * P W il A Balt 4 s .l9 1 7 AA<
112*
112
Collat trust is . 1021 j A,*
80
87
Read Co gen 4s, 1997 JAJ
95% R och ester R y oon 5 b. 193(
■ »!* 7 1 * SohRM SldelstSs g ’ 85J AL 113% 1 1 4 *
1 10
Scran Trao 1st 0s ‘ 82MAN
114
1 1 6 * UnTraoPItts gen5s’ 97J AJ
1 2 3 * 124
W elsbaoh s f 5s 1980, JAD
ftA rid interest.
114
n o*
♦Price Includes overdue c o n p o ns.
117
110

THE

932
lu iJ je s t m

je u t

CHRONICLE.

a u x l

R

[V

ol

L X X IV .

.

a ilr o a d

RAILROAD

EARNINGS.

The follow ini' table shows the gross earnings of every S team 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 i l l ) I to and including such latest week or month.

The returns of the street, railways ore brought together separately on a subsequent page,
N o t ic e C lia ii^ e -Our yearly totals now all date from J u l y I .
L a te s t G r o s s h a r n i n y s

ROADS

W eek,

or Month,

Current
Year

d eviou s
Year

July 1 to Latest Date
Current
Year

Previous
Year

$
5
k
*
$
131 ,4 5 6
141 .7 4 0
F ebruary..
14,931
16 .1 8 0
Jd wk A pr.
35 ,5 1 4 1,999,707 1 ,785,018
4 7 .4 9 4
Pao Ju ne,
ls t w k A pr
34 .0 0 0
3 2 .0 0 0 1 ,547,005 1,519,883
7 3 4 ,2 2 9
1st wk A pr
801,689
14 .0 0 0
10.000
1st w k A pr
7 1 7 ,0 2 7
827,684
15.000
14 .0 0 0
F ebru ary.
Dtc. 11 ,031
32,024 1 ,528,576 1 ,417,297
31 ,9 2 9
A n n A r b o r ............ d w k A p r
40 ,3 3 7
55 ,3 8 8
4 ,02 5
5,621
A nn W ash A Bal. F ebruary .
A tch T o p A 8 F e. M arch. .. 4 ,7 9 4 ,2 7 0 4,638,722 4 4 ,8 2 6 ,1 7 6 4 0 ,1 4 5 ,1 6 4
249 ,7 0 5 253 .11 9 1 ,752,730 1 ,7 2 0 ,8 4 2
A tlan ta A C h a r .. J anu a r y ..
3 5 9 ,0 6 9
466 ,3 6 4
3 8 ,3 0 0
51 ,0 1 0
A tl K n o x v A N o. M a rch .......
56 ,3 0 7
98,448
8,460
A tla n tic A B irin M a rch .......
6 9 4 ,6 4 8 692 ,78 3 4,464,031 4 ,3 2 8 ,7 9 9
A tl C oast L in e ... J a n u a r y ...
173,308
23 .4 9 4
205 ,5 8 7
20,085
A tl Va d A West. M a rch ___
60 ,6 7 3
71 ,0 1 9
6,008
7 .1 3 0
B a lt a A n n S L . . February.*
B alt A O h io-----) M a r c h ,.... 4,123,667
4,133,517 3 8 ,0 0 2 ,5 7 5 3 5 ,2 0 4 ,4 5 2
B A O South'w . <
9 4 3 ,9 2 9
B a n g o r A A roosl F ebruary . 139 ,0 7 2 1 1 3 ,1 4 4 1,094,661
31 ,3 8 6
26 ,5 4 4
1,701
B ath A H am m on F eb ru a ry .
1,868
B ella Zanes A Cin M arch.......
13 .1 0 6
14,421
30,763
3,698
4 ,6 1 5
4 2 ,7 2 0
B e lle fo u te C en t’ i M a rch .......
2,506
2 7 ,3 6 9
29 ,0 2 9
3 ,1 7 0
B riclgt A Saoo R . e b ru a ry .
19,^10
2,135
2 ,3 0 4
B ull A ttica A A rc M a rch .___
18.975
;?k A p r.
114,185 4 ,9 0 6 ,7 8 5 4 ,6 3 2 ,1 0 3
93,63
Bull K och A Pitts
5 3 1 ,9 8 5
56 ,8 3 0
65,590
B u ffalo A S u s q ... M a r c h ____
029.23
4 3 8 ,2 0 9 386,451 4,1 6 2 ,9 8 1 3 ,8 1 1 ,0 5 8
B u rl O B a p A No M a r c h .......
123,195
C an ad a A tla n tic F eb ru a ry..
106,871 1 ,187,097 1 ,172,246
C anadian Pacific 3 d w k A p r. 7 4 6 ,0 0 0 6 1 3 ,0 0 0 30 .0 0 1 ,1 5 2 24,688,367
39 ,4 1 1
130 ,7 3 4
12.38
5 ,6 7 6
C ane B e l t ........... M a r c h .......
122,680
9 9 ,1 2 0 6 ,4 7 3 ,8 8 0 5 ,8 1 4 ,8 2 0
C en t’ i o f G eorgia 3d w k A pr.
401 ,4 5 9
37,218
C en t’ i N ew E n g .. F eb ru a ry .
4 8 1 ,6 2 5
4 9 ,2 1 5
C ent’ i o f N J ersey F e b ru a ry 1,217,279 1,164,482
C entral P a cific.. F eb ru a ry . 1,324,945 1,212,593 1 3 .727.100 1 2 ,842.506
C hattan S ou tli’ n. 3 d wk A pr.
7 7 ,4 4 6
7 7 .1 8 6
1,275
2,138
C hesap A O h io ... 3d w k A p r. 3 1 2 ,7 9 0 2 7 0 ,5 8 4 13,438,671 12,387,482
7 5 6 ,9 5 6 716,081 7 ,1 3 2 ,1 3 9 6,8 7 0 ,1 3 2
C hic A A lton B y . M a r c h ....
C h ic B url A Quin F ebru ary 3,7 5 8 ,1 3 9 3 ,614,687 36 ,4 5 2 ,7 4 3 3 3 ,8 1 4 ,7 6 5
135,978
C hic A E Illin o is . 3a w k A p r.
125,713 5 ,1 2 1 ,4 4 0 4 ,6 5 8 ,5 1 0
Chi •Gt W estern. 3d w k A p r. 125,698 1 2 4 ,3 7 4 6 ,1 8 7 419 5 ,6 3 3 ,2 1 7
89,665
84 ,0 1 6 3 .6 3 2 ,9 8 2 3 ,2 8 6 ,4 8 4
Chic In d A L ’ v . . . 3d w k A p r
C hic M ilw A 8t P M a r c h ....... 3 ,740,369 3 ,530,905 3 4 .8 1 7 .1 0 0 3 2 ,3 3 6 ,6 3 4
Chic A N orth W’ n M a r c h ....... 3 ,4 7 4 ,2 0 4 3 ,531,113 34 ,9 9 8 ,6 7 3 3 2 ,2 6 9 ,1 3 1
111,940 1 ,075,976 1,0 4 3 ,1 9 6
112,833
Chic P eo A S t L M arch . ..
C hic R I A P a o ... F e b ru a ry . 2,2 8 3 ,1 5 6 1.941.881 20 ,7 9 6 ,4 2 5 1 8 ,443,845
C hic St P M A O . F e b r u a r y . 816 ,8 7 0 7 5 5 ,1 8 3 8,1 4 5 ,1 3 6 7 ,3 6 8 .8 5 7
34,217
C h ic T erm T r RR 3 a w k A p r.
27,602 1,2 9 9 ,3 5 8 1 ,1 3 2 ,1 5 0
89,707
C h oc O kl A Gulf* it h w k war
7 5 ,3 7 8 4 ,0 5 4 ,7 4 2 2,8 7 7 ,7 5 1
104,381
C m N O A T P a c . 3d w k A pr.
88,878 4,428,59"" 3,9 9 6 ,9 4 8
Cl C m Ch A s t L. 3d wk A pr. 3 1 8 ,8 4 6 3 1 3 ,2 3 6 1 5 ,075,885 14,227,392
P eoria A E a st’n 3 d w k A p r.
43,723
45 ,7 3 8 2 ,0 3 5 ,1 7 3 1 ,9 8 0 ,1 8 0
194,003 143,593 1 ,5 4 2 ,2 2 2 1,1 6 2 ,8 3 9
C lev L o r A vv heei J a n u a r y ...
100,575
C olora d o A South 3d w k A pr.
8 8 ,7 6 4 4 ,426,880 3,8 2 1 ,0 7 8
15,680
16 ,3 4 0
C ol N ew b A L au. F e b r u a r y .
119 ,9 2 6
118,833
21,261
C ol Sand A H ock 3d w k A pr.
8 3 4 ,5 7 0
15 ,9 4 0
9 7 8 ,5 0 6
F ebru ary.
7 ,0 7 4
C o r n w a ll.......
78,941
9,375
67,139
20,589
20 .6 8 2
C orn w a ll A L e b . . February..
166 ,8 2 6
229,729
88,42
C u m berl d V alley M a r c h . , . . .
890 ,0 7 2
81,619
822,851
D e n v e r A R io Gr 3 d w k A p r. 213 ,2 0 0
1 9 8 ,6 0 0 9 ,4 5 3 ,7 3 0 9 ,2 3 1 ,0 5 4
37,752
D e tro it Southern. *til w k j an
6 9 7 ,2 2 6
36 ,4 7 9
753 ,4 1 6
77 ,2 9 1
93,28
D et A M a ck in a c. M a r c h .......
6 4 0 ,2 1 4
611 .0 8 3
4 5 ,0 7 2 2 ,1 1 6 ,9 9 2 1 ,9 8 5 ,4 3 9
49,131
D u l So Sh A A t l.. a w k A p r.
11,222
10,194
E St L A C a ron d . F e b r u a r y .
98,797
1 10,088
M a r c h ..... 3 ,3 6 4 ,9 2 3 3 ,3 9 9 ,6 3 4 3 0 ,7 3 8 ,3 5 4 28 ,6 6 0 ,5 6 9
E r i e .................
5,809
E v a n sv A Indian 3d w k A p r
5,181
2 66.083
274 ,5 2 7
E v a n sv A T H . . 3 d w k A p r
29 ,7 0 5
26 ,4 6 4 1 ,194,909 1 ,1 6 8 ,2 7 4
F ’ rch ild & N ’r 'e’n M a r c h ......
3 ,1 4 0
3,627
3,452
3,843
F a rm v A P ow h a t F e b r u a r y .
46 ,1 4 2
40 ,9 8 3
169,017 1 7 1 ,8 8 4 1,6 7 0 ,6 4 6 1 ,5 9 9 ,0 4 9
F t W A D en v City M a r c h .
M arch .
1 7 9 ,3 8 6 1 63,492 1,552,518 1 ,4 5 0 ,4 0 4
G eorgia R R ___
M a r c h ,....
97 ,4 0 8
G a S outh A F la
9 5 2 ,1 7 0
95 ,8 6 8
9 2 0 ,1 2 4
26,743
G ila V a i G A N .. F e b ru a ry .
29,743
2 43,155
2 51,349
G r T ru n k System 3 d wk A pr.
584 ,1 9 7 54 6 ,1 1 8 23,800,038 2 2 ,8 3 7 ,4 1 4
96 ,6 1 2 1 0 7 ,3 2 8 3 ,4 3 8 ,8 5 0 3 ,3 0 5 ^ 3 2
G r T r A w e s t ’ u 2 i w k A p r.
2 0 ,6 6 4
D e t Gr H A M .. 2 u w k A p r.
20,489
918,771
84 2 ,4 3 8
G reat N orth ’n
St P M in n A M . March........ 2 ,315,51 1,953,012 22 ,9 0 9 ,6 0 9 17 ,2 9 7 ,7 7 0
E a st’n o f M inn. M arch.......
252,096 20 0 ,0 6 4 3 ,8 3 8 ,3 7 7 2,8 4 9 ,2 7 0
M on tan a C en t’i Ma r c h .......
154 ,5 6 5 20 2 ,2 7 2 1,2 9 2 ,6 2 2 1 ,637,033
T o ta l system M arch.......
722.178 2 ,355,348 28,040.608 21 ,7 8 4 ,0 7 3
G u lf A S h ip lslan d J anu ary.
121,856
90 ,9 0 9
7 8 9 ,5 9 5
5 36,017
H ock in g V a lle y .. 3d w k A pr.
87,225 4 ,1 4 7 ,9 8 3 3 ,7 4 3 ,3 0 5
118.019
H ou s A T e x Cent F ebruary . 359,315 406 ,5 0 6 3 ,7 2 1 ,3 2 9 4 ,0 3 2 ,8 6 9
Illin ois C en tra l.. M arch....... 3 ,391,088 3 ,2 2 6 ,4 3 4 30 ,6 3 4 ,5 7 8 2 7 ,862,962
Illin ois Southern M a r c h ___
10.957
9,793
86 ,3 2 9
1 02,224
In d 111 A I o w a ... Decem ber.
138,227 1 13,612
6 2 2 ,3 5 2
84 8 ,7 6 5
In t A G t N orth ’ ll 3d w k A pr.
88 ,5 6 0
95,027 4 ,0 1 9 ,2 4 4 4 ,1 2 4 ,8 6 6
In te ro e (M ex)
Wk A pr. 12
9 6 .0 0 0
7 8 ,6 0 0 3,2 1 5 ,1 9 5 3 ,2 5 3 ,7 3 0
Io w a C en tra l___ 3d w k A p r.
34,805 2,071,001 1 ,9 0 0 ,4 8 0
36 .0 3 8
Ir o n R a ilw a y ___ M a rch .......
6,041
7,949
61,322
43,131
K a n a w h a A M ich 3d w k A pr.
2 2 ,0 1 4
15,447
742 ,6 5 1
8 89,967
K an C ity S outh’ n F ebruary . 4 4 2 ,8 1 0 40 7 ,4 1 5 3 ,5 8 6 ,6 5 7 3,1 1 7 ,3 3 8
L eh igh a H udson F ebruary.
25,651
33 ,8 7 3
297,341
2 48,912
L eh igh V a i R R . . M a r c h ...... 2 ,042,982 2 ,531,903 2 1 ,0 7 6 ,1 2 0 19,622,973
L eh Vai C oal C o. M a r c h ...... 1,192,416 1.556.881 16 ,3 2 3 ,8 4 5 15,191,435
L e x in g A E a st’ n. F ebruary,
30.52z
25 ,2 8 4
262,401
2 3 0 ,8 6 0
L o n g Isla n d —
March
In c . 51 ,958
Inc . 49 0,465
L ou H en A St L . J a n u a r y ...
55.229
53,143
41 2 ,9 3 0
39 2 ,2 3 9
L o u isv a N ashv 3d w k A p r
600,345 5 0 1 ,0 8 0 24 ,6 3 1 ,7 2 22 ,6 6 5 ,0 6 9
M a con A B irm . . . M arch.......
8,184
9,682
95,631
8 6 .7 5 4
M an ’tee A Gr. Rds F e b r u a r y ,
11,053
10.106
M an is & N o E ast F ebruary
33 ,0 7 1
32 ,7 9 0
M an istaqu e..
Ma r c h .___
3.407
10,705
61,601
50,249
M a ry la n d A Penn F ebruary
15,349
15,362
1 7 4 ,6 1 0
159 ,7 1 9
A d i r o n d a c k ...
A in OH S o u th e rn .
A la N O A iexafe
N O A N o E a st.
A la ite V ick sb ’ g
Viekab Sh A P.
A lleg h en y V alley

Latest Gross Earnings
ROADS

Week
or Month

Current

Year

JPrevious
Year

July l

to L a t e s t D a t e ,

Current
Year

Previous
Year

$
$
$
100.870 353,872 14,675,144 13,577,135
JM exican Centra) hi wk A pr.
476,927 4,066,123 3.669,488
M exican ln te rn ’ i F ebruary . 487,672
170,349 148,219 6,308,153 6,120,246
! (Mexican N a t'L . 3d w k A pr.
89,300 3,57 0 ,9 0 0 3,42 3 ,0 0 0
[M exica n B y ....... Wk A p r 13 100,000
16,896
19,206
M exican South*n 2d w k A p r.
3,01 J
3,843
M illen A S o’ w ’ u. F ebru ary..
389,299
3 9 5 ,092
42,608
39,289
M ineral B a n g e .. F ebruary .
62,918
56,711 2,825,421 2 ,6 2 9 ,3 4 8
M inneap A St L. 3d w k A pr.
98,546 4,948,364 3 ,5 4 9 ,6 2 6
114,159
M St P A 8 St M hi wk A pr.
276,125 13,440,980 12,566,509
Mo K an & T exas 3d w k A pr. 3 0 6 ,303
6 1 9 .0 0 0 5 2 1 .000 29,301,164 2 6 ,8 8 5 ,9 5 7
Mo P a c & Iron M i hi w k A pr.
15,000
9 9 2 ,7 0 0 1,07 6 ,3 4 2
21,000
C entral Branch 3d wk A pr.
T o ta l................ hi wk A pr. 6 3 4 .000 542.000 30.382.729 2 7 ,9 23,932
3,080
130,912
2,069
112,026
Mob J a ck A K C . 3d w k A pr.
502,500 4,74 0 ,8 0 0 4 ,7 0 9 ,8 7 6
553,100
M obile A O h io ..r March. ..
7 3 9 ,902
137,370
7 0 9 ,3 6 0
136,692
M ont A M ex Gull D ecem ber.
6 7 6 ,610 664,663 5,919,118 5 ,8 5 2 ,0 5 4
Nash CL A St La. M arch .......
109,732
111,910
9,531
8,555
N e v -C a l-O re g o n . M arch.......
2,476
2,700
26,081
22,046
N evada C e n tr a l.. F ebruary
N Y O & H ud Riv M arch .... 5,483,620 5,329,556 53.248.729 4 9 ,4 67,127
4 6 2 ,428 4 4 6 ,2 8 4 i ,355,005 3 ,8 6 5 ,4 2 7
N Y O ut A W est. M arch .......
196.417 2 3 0 ,392 2 ,0 8 9 ,0 3 6 1,888,903
N Y Susq A West M a r c h . . ..
N orfolk A W est’ u 3d w k A pr. 3 8 7 ,010 305,188 14,002,608 1 3 ,0 52,166
6 7 1 ,3 1 0 6 4 5 ,2 1 0 6,327,779 5,956,979
Northern Central M a r c h ___
N orth’ n P a cific.. 1st w k Ax>r 6 5 9 ,209 617,960 3 2 ,6 28,408 2 5 ,9 7 5 ,3 1 7
P acific C oa st C o. F e b ru a ry . 314.418 3 2 7 ,525 3,401,345 3,48 3 ,1 2 6
P enn—E a stP A E . M a r c h ....... 8,06*2,332 7,615,132 71,499,638 60. 172,538
Inc. 5,7 47 ,7 0 0
Jnc. 39 0,700
W est P A E . . . M a r c h .......
169,604 7,68 4 ,5 5 9 6 ,8 8 7 ,9 9 7
172,578
Pere M a r q u e tte .. 3 d wk A pr.
400,841 4,68 8 ,7 0 9 4 ,0 3 2 ,3 6 3
Phtla A E r ie ........ F ebru ary . 418,085
9 6 3 ,607 9 8 3 ,3 0 7 8,783,701 8,621.701
Phila W ilm A B .. M a r c h .......
2,214
3 211
28,274
22 ,5 8 6
P in e B lf.A A rk .R . M a r c h .. ..
Pittsb C C A St L Ma r c h ....... 1 ,870,175 1,722,612 16,247,147 14,477,558
168,312
173,057 1,447,104 1,2 9 3 ,3 0 7
Pittsb A W est’ n. J a n u a r y ...
916,653
7 1 4 ,0 4 9
101,293
116,803
P ittsb Ci A T ol J a n u a r y ...
260,542
2 9 6 ,2 8 5
24,654
21,598
P ittsb Pa A F .. J a n u a r y ...
326,491 367.798 3,210,005 2 ,9 1 0 ,2 1 0
T o ta l s y s te m ... M a r c h .___
Plant S ystem — ]
A la M id land .
B run s A W ’ n. [
February. 7 8 0 ,0 7 ' 782 ,8 2 7 5,5 5 0 ,9 3 6 5 ,3 3 3 ,6 6 5
Chas A S a v . ..
Sav F la A W .
S ilS O c A G . .
R eading C o .—
2 ,46 5 ,2 7 4 2,415.752 2 2 ,5 41,495 2 0 ,9 2 3 ,3 3 7
Phil A R e a d ..
M arch •
•
C oal A i r C o ... . M a r c h ....... l,772,28t> 2,043,320 2 1 ,9 2 8 ,9 0 4 21,129,682
4 ,2 3 7 ,5 6 0 4,459,072 44,470,399 4 2 .0 53.019
T o t b o th C o’ s .. M a r c h ...
701 ,4 8 5
79 ,9 7 5
85.390
6 4 7 ,2 2 6
R ich F r’ ksb A P F e b r u a r y .
275 ,1 6 0
274 ,4 2 2
52,229
53,093
R io G ra n d e J e t .. N ovem ber
463 ,8 6 9
9,559
445 ,6 0 6
9,978
Rio G ran de S o .. 3d w k A p r.
292,146 3,6 1 6 ,5 5 2 3,1 9 0 ,8 8 5
3 6 2 ,199
Rio G r’d e W e s t. F eb ru a ry..
1 5 4 ,460 159,065 1,132,318 1,0 0 2 ,6 4 0
R u tla n d ................ D ecem ber.
111,546 1,037,067 1,044,617
107,851
St J o s A G r I ___ M a r c h ....
137,709
11,245
104 ,6 1 2
21,000
St L K e n ’ et A S o. M a rch .. . .
156,235
6 1 ,4 4 4
5,889
14,446
St L A N A r k ........ F ebru ary
St L A San F ran g 3 d w k A p r. 3 9 8 ,6 6 0 338 ,7 1 8 17,590,226 1 5 .5 1 1 .0 2 0
124,175 6,007,581 6 ,1 8 1 ,4 1 0
129,877
St L S o u th w e s t. 3 d w k A p r.
1 8 1 ,570 169,634 1,590,488 1 ,4 9 1 ,1 5 0
S t L V a n A T H . . M arch ........
178 ,8 6 4 1,745,626 1 ,8 7 8 ,9 2 7
San A n t A A P .. . F e b r u a r y . 161,832
837,802
74 .4 4 9
76 ,5 5 9
7 6 7 ,0 1 0
San F ran A N P .. M arch .......
San P ed ro L o s A n
19,532
13,139
geles A S a it L. F ebruary..
Sav F la A W e st.. F eb ru a ry /7 8 0 ,0 7 7 f 782 ,8 2 7 / 5 , 550.936 / 5 ,3 3 3 ,6 6 5
225,077 9 ,2 6 1 ,5 6 6 8 .8 5 8 .7 9 4
S eaboard A ir L .. 3d w k A p r. 233.261
32,642
30.016
2 2 4 ,0 5 4
2 1 1 ,6 3 0
So C A G a E x t . . . M arch.......
3,305
5 7 ,5 0 0
4 ,5 7 3
54,748
So H a v e n A E ast M arch.......
48,285
35,738
297,738
452 ,9 6 5
S outhern In d . . . . M arch.......
1 ‘>1 ‘jC
vQ
15,783
104 ,3 9 3
22,283
So M iss A A rk . . . D ecem ber.
So P a cific C o b
F e b r u a r y . 6 ,08 1 ,4 1 2 5,735,447 5 6 ,9 08,466 5 0 ,7 35,037
Cent P a cific___ F e b r u a r y . 1,324,945 1,212,593 13,727,100 12,842,506
Gal H a r A S A . F eb ru a ry . 5 4 8 ,377 539,669 4,91 1 ,3 3 3 4 .4 7 0 .7 9 5
25,685
33,298
G al H ou s A N o F eb ru a ry .
7,569
7,541
G u lfW . T. A P . F e b r u a r y .
68,592
68,722
591 ,9 0 8
645 ,9 2 3
H ous. E. AvV.T. F e b r u a r y .
16,303
131,841
158,793
18,316
H ou s. A Slirev. F e b ru a ry .
H ou s A T e x Oen F e b r u a r y . 3 5 9 ,315 4 0 6 ,5 0 6 3,7 2 1 ,3 2 9 4 ,0 3 2 ,8 6 9
148,064
140,201 1,281.453 1,1 0 8 ,2 4 3
L o u is’ a W e s t ... F ebruary..
M org a n ’ s L A T F e b ru a ry . 4 2 8 ,2 3 7 625,591 5,b 5 1 .5 o3 5,3 8 8 ,0 3 9
20,059
189,186
250,767
20,136
N Y T & M e x .. F e b ru a ry .
T e x A N O rl----- F ebruary . 220,078 243,115 1,9 6 9 ,2 9 0 1,7 9 7 ,7 8 7
So P a c o f Cal .. F e b r u a r y . 1,609,489 1,422,896 14,543,541 12,276,389
So P a c o f A riz . F e b r u a r y . 4 0 4 ,8 7 " 4 2 4 ,2 9 0 3,1 6 1 ,9 4 6 2,780,371
209,373 234 ,4 4 0 1,764,546 1,482,749
So P a c o f N M . F ebruary.
S outhern R a llw ’ y 3d w k A p r. 7 1 1 ,935 647.119 30,555,187 2 9 ,3 08,663
142,121
129,688 1,272,230 1,198,581
T erre H A In d . . . M a r c h ,...
47.450
420 ,3 6 2
4 1 7 ,8S7
37.905
T erre H A P e o r .. M a rch .......
15,930
8,925
505,886
586,207
T e x a s C e n t r a l. . . 3d w k A pr.
T e x a s A P a c ific .. 3 d w k A p r. 2 1 1 ,496 201,620 9,568.111 9 ,3 3 9 ,8 5 2
109,400
12,900
125,200
13,500
T e x S V A N W .. M a r c h . . . . .
43,316 2,2 9 0 ,5 9 0 2,015,874
53,665
T o l A O hio C e n t . 3 d wk A p r
9 4 2 ,6 1 0
923,520
20.279
20,116
T o l P A W e s t ___ 3d w k A p r
43,328 2,080,891 1,934,956
47 ,5 4 1
T ol St L A W ........ 3d w k A p r.
301 ,9 3 3
373,800
9,045
7,-130
T o r H am A B u ff. 1st w k A pi
Union P a c R R . )
O reg R R A N > M a r o li....... 3 ,476,859 3,294,313 30,189,309 3 2 .9 2 6 ,0 5 4
O reg Sh L in e. )
W a b a s h ................. 3 d w k A pr. 3 5 2 ,5 1 8 314,478 15,582,096! 1 -l .801,021
2 8 5 ,710 248,710 2,838,570 2,09 9 ,8 7 0
W J ersey A Sea e M arch ..
273,526 237,806 2,553,403 2 ,2 3 7 ,8 9 0
W heel A L E ........ M a r c h ...
3,940
4,560
W ich ita V a lle y ... F ebruary
. 4,895
8,33 l
89,778
8,198
Wm’ sport A N.Br. F ebruary
W isconsin C e n t .. tth w lc A p r 157,000 128,593 4,933.141! 4,362.849
132,144
115,309
13,678
12,785
W rightav A T ’ n .. M a r c h ...
________
563,196 506 .0 0 0 5.150,7171 4.901,353
Y a z o o A M iss V .. M arch. .

6 C ov ers resu lts on lin es d ire ctly op era ted ea st o f P ittsb u rg .
* F ig u re s fr o m D e ce m b e r 1 a re fo r the railroad o n ly . \M e x ica n cu rre n cy ,
a In clu d e s P a d u ca h A M em p h is D iv isio n fro m J uly 1 in b o th years.
^ In clu d e s th e H ou ston A T e x a s C entral and its su b sid ia ry Hues. E arn in gs ot the C ro m w e ll S team sh ip Ltue. not p reviou sly r e p o r te d , are
n ow also in clu d ed .
c R esu lts o n M on tg om ery D iv isio n a re In clu d ed in both years.
cl In elu des St, P aul A Duluth to r b o th > care.
< In clu d es resu lts on Slier. Slirev.
S ou th ern, M o. M idland and San A n to n io ex te n sio n tor this y ea r, but not tor last > oar
' fh o s o figures
are the resu lts on the A la. M idland, B ru n sw ick A W estern , C h a rleston A S avann ah , S avann ah Fla. A W est’ n and Sll\ or S p rin g s O cala A G u lf.
it T h ese figures in clu d e, besid es th e St. L ouis A- San F ra n cisco p ro p e r, th e K an. City Ft. S c o tt A .Meat,ay stem and Ft, W orth A Ulo U ra a d e,

THE CHRONICLE

May 3, 1902.1
T o ta ls for F iscal Year.

In the full page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
t h a t Doing now the beginning of the fiscal year of the great
majority of th-_- roads. There are, however, some roads that
still have their own fiscal years. These with their dates are
brought together in the following.
L atest d ron e E a r n in g s ,
P e r io d .

Ro ads.

A llegheny V a lle y .......................
A tlan ta A Charlotte A ir Line.
Bellefonte C entral.....................
Burlington Cedar Rap. A No.
Central of New Jersey.............
Chicago & North-W estern.. . .
Chicago Rock Island A P ao..
Ohio. St. P. Minn. A O m aha..
Choctaw Oklahoma A G u lf..
Cumberland V alley...................
E ast St. Louie A Oarondelet.
Ft. W orth A Denver City.......
International A Gt. North’n.
Manistee A North E a ste r n ...
Manlstlqne....................................
Mexican Centr a l........................
Mexican International............
Mexican National.....................
Mexioan R a ilw a y ....................
Mexloan Southern....................
Missouri Paoltlo..........................
Central B r a n c h ....................
T o t a l ...................................
Monterey A Mexloan G u lf....
Sorthern Central.......................
Pennsylvania, E ast of P. A E.
W est of P. A E ............... . . . .
Pere Marquette...........................
Philadelphia A E rie.................
Phlla. W ilm ’g’n A Baltimore.
Pitts. Clncln. Chic. A St. L . . .
St. L. V andalia A Terre H ....
South H aven A E astern..........
Terre H au te A Indianapolis..
Terre H aute A Peoria.............
Texas A Pacific...........................
W est Jersey A Seashore.........
W ichita V a lie v ................. .........

Jan.
Apr.
Jan.
Jan.
Jan.
Jane
Apr.
Jan.
Nov.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Apr.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Nov.
Jan.
Nov.
Jan.
Nov.
Nov.
Jan.
Jan.
Jan.

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

Feb.
Jan.
Mar.
Mar.
Feb.
Mar.
Feb.
Feb.
Mar.
Mar.
Feb.
Mar.
Apr.
Feb.
Mar.
Apr.
Feb.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Dec.
Mar.
Mar.
Mar.
Apr.
Feb.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Apr.
Mar.
Feb.

C u rren t
Y ea r.
28

SI
31
31

28
31
28
28
31
31
28
31

21
28
31

21
28

21
13
14

21
21

21
31
31
31
31

21
28

31
31
31
3*

31
31

21
31
28

9

P r e v io u s
Y ear.

*
Ino. 12,768

2 ,3 9 8 .0 2 2
13,219
1,2 8 0 ,0 8 9
2 .526,792
88,911,774
2 7 ,1 2 0 ,6 8 4
1 ,7 7 3 .2 3 0
2 ,2 9 7 ,1 5 7
2 5 3,948
25,247
5 2 8,077
1 ,4 0 0 ,9 9 7
72,241
1 5 ,620
6 ,0 4 7 ,9 5 7
1,03 5 ,4 3 6
2,51 0 ,1 0 4
1.40 8 .8 0 0
39 008
9 ,9 8 3 .1 6 4
2 7 1 ,7 0 0
1 0,320,348
1.414.801
2 ,011,625
2 3,116,737
Ino.
2 ,710,343
8 8 3,728
4 ,6 5 3 ,7 2 5
5,31 3 ,8 4 9
8 4 7,556
12,497

688.886

2 1 3,256
3 ,3 9 6 ,8 8 2
6 5 2,464
9,478

2 ,234,181
10,782
1,20 0 ,4 7 2
2,5 7 0 ,5 0 1
3 5 ,9 5 7 ,3 2 3
2 4 ,0 0 1 ,1 2 4
1 ,5 2 8 ,5 7 9
1 ,8 0 5 .6 8 4
2 3 7 ,3 7 9
2 3 ,917
5 2 0 ,3 5 0
1,4 9 7 ,6 6 3
6 6 ,329
2 6 ,066
5 ,3 3 3 ,2 3 2
9 6 2 ,5 3 6
2 ,3 1 3 ,7 7 1
1 ,2 9 4 ,0 0 0
3 3 ,668
9 ,8 4 0 ,1 8 9
360,593
10,195,451
1,40 6 ,9 6 4
1,91 1 .4 2 5
21.71 7 ,9 3 7
1 .285,800
2 ,3 9 4 ,1 6 7
8 4 2 ,2 3 7
4 ,647,825
4 ,8 4 8 ,3 9 7
8 0 3 ,5 4 3
9,5 2 9
6 3 8 ,6 2 6
2 3 6 ,0 1 8
3 ,6 3 7 ,7 0 3
6 1 0 ,5 6 4
13,335

L a test Gross E a rn in g s by W e e k s.— In the table w hich
follows we sum up separately the earnings for the latest
week.
For the third week of A p ril our final statem ent oovers
50 roads, and shows 18'77 per cen t increase in the aggregate
over the same week last year.
3 d w eek o f A p r il.
Previously rep’ d <24r’ ds)
Alabam a Gt. Southern..
Central of Georgia.......... .
Chattanooga Southern.
Chicago A East. Illinois.
Chic. iDd’ plls A Loulsv..
Oln. N. 0 . A Texas Pac.
Clev. Cln. Ohio. A 8t. L ..
Peoria A E astern .........
Colorado A Southern..
Col. Sandusky A Hook's?
Duluth So. Shore A A t l..
Grand Trunk...................)
Grand Trunk W e s t .. >
Det. Gr. H av. A Mllw. )
Hocking V a l l e y ..............
Int. & Great N orthern..
Kanaw ha A M ich igan ...
Louisville A N ashville..
Minn. St. P. A S . Ste. M ..
Pere M arquette...............
8t. Louis A San F ran___
St. Louis Southwestern..
Seaboard Air Line............
Southern R a ilw a y ..........
TexaB C entral...................
Toledo Peoria A W est’n .
Total (50 roads)..............
N et Increase ( 12-77 p.c.).

1902.

1901.

In c r e a s e .

9
4 ,3 9 9 ,2 7 9
4 7 ,494
1 2 2,630
2,13S
135,978
89,665
104,381
3 1 8 ,8 4 6
43,723
100,575
21,261
4 9 ,131

$
3 ,831,741
35,514
9 9 ,1 2 0
1,275
125,718
84,016
88,878
3 1 3 ,2 3 6
4 5 ,7 3 "
88,764
1 5 .940
45,072

9
5 8 9 ,1 8 6
11,980
23,560
803
1 0 ,265
5,6 4 9
15,603
5,610

5 8 4,197

5 4 6,118

3 8 ,079

118,019
88,560
22,014
600,345
114,3 59
172,578
3 9 8 ,6 6 0
129,877
233,261
711,936
8,925
20,116

8 7 ,225
95,027
15,4.47
5 0 1,060
98.545
169,604
338,718
124,175
2 2 5 ,0 7 7
647,119
15.936
2 0 ,279

3 0 ,794

8,63 7 ,7 9 7

7 ,6 5 9 ,3 5 7

D ecrea se.

-- .
.

2 ? ,848

2,0 1 5
11,811
5,321
4,059

0,4 6 7
6,567
9 9 ,265
1 5 ,614
2,9 7 4
59,942
5,7 0 2
8,184
0 4 ,816

....__

7,011
163
1 ,015,744
9 7 8 ,4 4 0

3 7 ,3 0 4

N et E a rn in g s M o n th ly to L a te st D a tes.— The table follow
in g shows the gross and n et earnings o f S t e a m railroads
reported this w eek. A fu ll detailed sta te m en t, inclu din g all
roads from w hich m on th ly returns can be obtained, is given
once a m onth in these colum ns, and the latest statem en t of
this kind w ill be found in the C h r o n i c l e o f A p ril 19,
1902, T he n e x t w ill appear in the issue o f M ay 17,1908.
- — C ross E a r n in g s .----C u rren t
P r e v io u s
Y ea r.
Y ea r.
R o a d s.
9
*
A tO h .T .A B . F e . b . Mar. 4 ,7 9 4 ,2 7 0 4 ,6 3 8 ,7 2 2
July 1 to Mar. 3 1 .. . .4 4 ,8 2 6 ,1 7 6 4 0 ,1 4 6 ,1 6 4
14,421
1 3 ,1 0 6
B ella]re Z. A C ln ...M ar.
39,921
4 1 ,758
Jan. 1 to Mar. 3 1 ___
2,304
2,1 3 5
B uff.A tt &A rca d e... Mar.
1 9 ,8 1 0
18,975
July 1 to Mar. 31—
4 8 6 ,9 6 8
5 1 6 ,5 4 1
Bull. R . A P lttb s .b .M a r .
Ju ly I to Mar. 3 1 ___ 4 ,7 0 8 ,0 3 3 4 ,2 8 9 ,5 4 9
Buffalo & B’ sq oeh.aM ar.
6 5 ,5 9 0
5 6 ,8 3 0
5 3 1 ,9 8 5
Ju ly I to Mar. 3 i ___
6 2 9 ,2 3 7
5 ,0 7 6
Oane B e lt ............... Mar.
1 2 ,3 8 7
39,411
1 3 0,734
July 1 to Mar. 3 1 ___
Canadian P acific.a. Mar. 2 ,9 6 3 ,7 7 0 2 ,5 0 0 ,6 1 9
July 1 to Mar. 3 1 ___ 2 7 ,8 2 2 ,1 5 2 2 2 ,8 1 6 ,8 6 7
Cent, o l G e o rg ia .a .M a r.
6 3 1 ,7 0 8
5 7 2 ,5 0 2
July 1 to Mar. 3 1 .. ., 6 ,1 0 0 ,2 4 0 5 ,5 2 4 ,8 6 0

-— P e t E a r n in g * .----C u rren t
P r e v io u s
Y ear,
Y ear.
t2,0 5 9 ,1 4 2 t l , 7 5 2 ,9 4 3
t 1921 8759 t 1602 3638
1,5 4 7
2 ,8 7 8
9 ,1 3 6
6 ,9 8 7
644
21
3 ,3 2 0
2 ,7 1 0
2 2 7 ,7 4 5
1 8 9 ,6 7 5
1 ,9 9 1 ,8 5 0 1 ,816,781
2 0 ,7 2 1
2 5 ,4 0 0
2 2 8 ,8 1 2
2 7 7 ,3 4 6
2 ,8 1 3
2 ,3 5 3
4 8 ,6 7 4
1 8 ,0 9 6
1 ,0 5 4 ,9 1 5
9 4 8 ,3 3 6
1 0 ,7 8 0 ,5 7 6 8 ,7 9 6 ,8 6 0
5 3 ,2 3 8
6 7 ,7 2 9
1 ,7 2 1 ,6 3 8 1 ,7 1 9 ,7 4 1

— C ross E a r n in g s .—
C u rren t
P r e v io u s
Y ear.
Y ea r.
R oad s.
9
9
1 ,3 2 4 ,9 4 5 1 ,2 1 2 ,5 9 3
C entral P a c ific .b ...F e b .
July 1 to Fob. 2 8 .. . .1 3 ,7 2 7 ,1 0 0 1 2 ,8 4 2 ,5 0 0

933
-N et E a r n in g s .— C urren t
P r e v io u s
Y ea r.
Y ea r.
9
9
3 8 7 ,7 3 5
3 6 4 ,8 7 9
5 ,1 7 9 ,4 0 0 5 ,0 3 3 ,9 7 9

5 0 4 ,5 0 8
4 1 1 ,1 2 7
C hcsap. A Ohio b ..M a r. 1,43 4 ,0 8 1 1 ,2 6 4 ,3 7 3
July 1 to Mar. 3 1 .. . 1 2 ,4 7 8 ,8 2 5 1 1 ,5 7 5 .7 3 0 4 ,6 9 2 ,3 5 7 4 ,4 3 0 ,8 6 1
Ohio. M. A Ht. I*.a..M ar. 3 ,7 4 0 ,3 6 9 3,5 3 0 ,9 0 5 1 ,3 6 7 ,2 2 0 1 ,2 4 0 ,7 4 4
July 1 to Mar. 81 .. 3 4 ,8 1 7 ,1 0 0 3 2 ,3 8 6 ,0 3 4 1 2 ,5 0 7 ,8 5 0 1 1 ,7 0 9 ,7 2 3
3 3 8 ,8 2 1
3 5 7 ,9 7 6
Ol.Oln.Ohlo.AHt.L.aM ar. 1 ,4 0 0 ,4 3 0 1 ,3 9 5 ,8 6 3
Ju ly 1 to Mar. 8 1 .. ...1 4 ,1 2 8 ,3 4 2 1 3 ,2 8 7 ,0 8 4 3 ,7 6 7 ,2 3 4 3 ,8 3 4 ,1 6 7
2 0 9 ,2 8 9
2 0 7 ,3 6 0
4 8 ,5 1 5
7 0 ,1 6 0
P e o ria A E a st’ n.n.M ar.
5 1 0 ,8 1 4
6 5 2 ,0 5 5
Ju ly 1 to Mar. 31 — . 1 ,9 0 2 ,1 2 7 1 ,8 4 2 ,9 0 5
4 5 2 ,0 9 0
3 0 6,301
1 1 5 ,5 9 7
1 0 2 ,0 0 5
O olorM o A S o u th .b .M a r.
9 4 9 ,7 4 4
Ju ly 1 to Mar. 31 ... 4 ,1 4 0 ,3 0 5 3 ,5 6 9 ,6 9 3 1 ,1 1 0 ,5 0 0
1,733
1 ,2 8 7
C onsol. Gas Oo..N . J.M ar.
7 ,0 6 7
6,0 4 5
Jan. 1 to Mar. 3 1 ___
Del. L ack. A W estern —
N. Y . Laok. A W o st.b —
8 2 2 ,3 5 0
8 8 5 ,6 8 7
Jan. 1 to Mar. 3 1 . . . . 1 ,7 9 6 ,2 0 6 1 ,9 6 4 ,1 1 7
Syr. Bing. A N. Y .b —
2 3 0 ,5 0 8
2 2 9 ,7 1 0
1 1 7 ,6 8 4
Jan. 1 to Mar. 31 ... .
9 7 ,3 5 7
9 3 ,2 8 2
4 5 ,8 5 0
7 7 ,2 9 1
*»etrolt A Maolr’ o.aM ar.
2 3 ,8 4 7
6 4 0 ,2 1 4
6 1 1 ,0 8 8
1 8 4 ,2 8 0
1 8 1 ,6 6 2
Ju ly 1 to Mar. 31 —
E dison E leot. 111. Co. ot
8 ,1 4 9
7 ,0 6 2
3 ,0 6 5
B r o c k t o n ............. . Mar.
3 ,0 2 5
9 0 4 ,7 9 4
8 9 2 ,2 9 0
K rle.a.......
. . . Mar. 3 ,3 6 4 ,9 2 8 3 ,3 9 9 ,6 8 4
Ju ly 1 to Mar. 3 1 ___ .3 0 ,7 3 8 ,3 5 4 2 8 ,6 6 0 ,5 0 9 8 ,8 6 7 ,5 2 8 7 ,5 9 9 ,7 0 9
3 ,6 2 7
3 ,1 4 0
2 ,2 6 2
F airch ild A N. Cast.Mar.
2 ,0 4 7
1 0 ,3 9 1
9 ,9 7 2
6 ,5 0 5
Jan. 1 to Mar. 8 i . . .
0 ,3 3 1
1 6 9 ,0 1 7
Ft.W A D en O U y.b M a r.
1 7 1 ,8 8 4
4 3 ,3 4 5
4 9 ,6 8 4
5 2 8 ,0 7 7
5 2 0 ,3 5 0
Jan. 1 to Mar. 31 —
1 4 5 ,0 0 0
1 5 9 ,1 6 7
1 6 3 ,4 9 2
1 7 9 ,3 8 6
6 0 ,9 8 5
9-eorgla.® ..Mar.
4 7 ,4 2 5
5 5 4 ,2 0 3
July 1 to Mar. 3 1 ___. 1 ,5 5 2 ,5 1 8 1 ,4 5 0 ,4 0 4
4 8 8 ,9 7 6
4 0 9 ,8 2 1
3 4 5 ,7 9 3
1 4 8 ,0 9 8
H ooking V a lle y .a ..M a r.
1 3 0 ,2 5 2
July 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 1 ,4 2 7 ,9 6 2
3 5 9 ,3 1 5
4 0 6 ,5 0 6
H oust. A T e x . ''e n t.F e b .
4 0 ,3 9 1
1 0 9 ,2 3 2
July l to Feb. 2 8 ___ . 3 ,7 2 1 ,3 2 9 4 ,0 3 2 ,8 6 9 1 ,3 9 9 ,6 5 2 1 ,8 6 1 ,0 0 1
2 2 2 ,0 2 1
1 9 2 .3 6 3
4 5 ,2 7 8
Io w a C entral a . Mar.
5 6 ,9 1 5
July 1 to Mar. 3 1 ___. 1 ,9 4 9 ,6 0 8 1 ,7 8 2 ,7 2 6
3 8 5 ,4 6 8
3 1 4 ,6 9 5
7 ,9 4 9
6 ,0 1 1
3 ,4 2 0
' ro n R a i l w a y .b ___Mar.
1,3 7 9
9 3 ,4 1 2
2 6 ,8 8 0
8 2 ,5 2 8
la n a w h a A M ich.a.M ar.
2 3 ,8 0 8
8 2 6 ,7 1 5
6 9 1 ,9 9 7
1 7 0 ,2 9 2
July 1 to Mar. 31 ... .
1 4 0 ,2 7 6
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
7 7 1 ,6 0 6
J u ly 1 to Mar. 31 ... 2 1 ,0 7 6 ,1 2 0 1 9 ,6 2 2 ,9 7 3 3 ,8 9 4 ,4 9 7 3 ,5 1 3 ,5 4 2
Le v . c o a l c o .a .M a r. 1 ,1 9 2 ,4 1 6 1 ,5 5 6 ,8 8 1 d f.1 5 2 ,0 1 5 d e f.3 7 ,2 4 1
July 1 to Mar. 31 . . . 1 6 ,3 2 3 ,8 4 5 1 5 ,1 9 1 ,4 3 5 d f.3 5 6 ,2 3 9 df. 4 7 4 ,7 4 3
1 4 ,2 8 9
T o ta l b oth c o ’s.a .M a r
7 3 4 ,3 0 5
3 ,5 3 8 ,2 5 8 3 ,0 3 8 ,7 9 9
July 1 to Mar. 3 i ----Ino. 1 9 ,3 9 6
Ino. 5 1 ,9 5 8
L on g I s la n d ........... Mar.
Ino. 4 9 0 ,4 6 5
Ino. 2 7 1 ,4 8 8
July 1 to Mar. 31 ..
8 0 7 ,7 8 0
houlsv. A N asby.fc.M ar. 2 ,6 0 6 ,3 7 5 2 ,4 9 8 ,2 4 3
8 7 8 ,5 7 7
Ju ly l to Mar. ax . . . 2 2 ,9 0 4 ,2 0 7 2 1 ,1 2 0 ,6 3 4 7 ,4 5 4 ,5 4 8 7 ,7 9 3 ,9 0 0
1 5 ,1 8 2
6 ,3 1 7
1 5 ,8 5 6
L ow ell E lec. Lt. C o.M ar.
5 ,6 3 8
1 4 4 ,7 7 3
5 8 ,2 8 9
1 3 7 ,2 9 7
Ju ly 1 to Mar. 3 1 —
4 6 ,2 8 4
1 6 ,7 0 9
8,7 0 1
1 0 .6 8 3
1 9 ,3 4 6
M exican T e le p h o n e Feb.
1 0 0 ,9 1 1
1 8 7 ,4 6 7
2 1 6 ,0 6 1
Mar. 1 to Feb. 28 ..
8 4 ,8 3 1
1 7 ,4 1 4
2 9 ,4 6 4
3 8 ,8 1 3
1 5 ,0 0 2
M inn. G en ’l E le ct..M a r.
1 4 1 ,8 6 3
2 8 2 ,4 9 9
2 9 8 ,1 6 9
M lnn.A St. L ou is.a.M ar.
1 3 9 ,8 3 8
July 1 to Mar. 3 i ___ 2 ,6 3 6 ,7 0 2 2 ,4 5 8 ,1 6 7 1 ,1 2 2 ,0 3 2 1 ,0 4 3 ,1 9 3
4 5 0 ,3 4 7
2 0 7 ,7 3 4
3 6 4 ,1 0 6
« . St. P .A 8 . S .M .b .M a r.
1 6 4 ,6 9 1
July 1 to Mar. 3 i ___ 4 ,6 2 0 ,5 8 5 3 ,2 6 5 ,4 3 2 2 ,5 1 1 ,0 8 7 1 ,3 7 9 ,8 8 1
W ashy Ch.&St L .b .M a r.
J6 8 ,1 4 4
6 6 4 ,6 6 3
676,610
2 2 1 ,9 6 9
Ju ly 1 to Mar. 3 1 . . . . 6 ,9 1 9 ,1 1 8 5 ,8 5 2 ,0 5 4 1 ,7 9 9 ,9 1 2 1 ,9 8 8 ,7 3 8
9 ,5 3 1
8 ,5 6 5
3 ,0 1 9
N ev.-C al.-O regon.a.M ar.
2 ,3 1 6
1 0 9 ,7 3 2
4 0 ,3 3 1
3 7 ,5 7 0
1 1 1 ,9 1 0
July 1 to Mar. 31 —
4 4 6 ,2 8 4
1 1 3 ,5 0 2
4 6 2 ,4 2 8
St, Y. O ut. A W est.aM ar.
1 0 1 ,9 6 2
Ju 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 d e f.3 ,5 5 2 def. 1 4 ,3 0 0
1 9 ,2 4 0
2 2 ,6 5 7
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. Bus. A W est.a.M ar.
1 0 3 ,0 9 9
9 7 1 ,8 0 1
Ju ly l t o Mar. 3 1 ___ 2 ,0 8 9 ,0 3 6 1 ,8 8 8 ,9 0 3
8 1 1 ,5 2 5
8 4 5 ,2 1 0
1 7 4 ,7 9 6
6 7 1 ,3 1 0
S orth ern C entral, b Mar.
1 6 9 ,8 9 6
5 4 8 ,9 0 8
Jan. l to Mar. 3 1 ___ 2 ,0 1 1 ,6 2 5 1 ,9 1 1 ,4 2 5
4 5 9 ,5 0 8
P e n n sy lv a n ia —
L ines d ir e e t ly o p e r a te d
E a st o f P itts. A E.M ar. 8,062,832 7,615,132 2 ,4 7 7 ,0 2 2 2 ,4 4 5 ,0 2 2
Jan. l t o Mar. 3 1 ....2 3 ,1 1 5 ,7 3 7 21,917,937 6 ,9 3 9 ,5 2 0 6 ,8 4 9 ,8 2 0
Ine. 3 9 0 ,7 0 0
Dec.
3 ,4 0 0
W est o f P itts. AE.M ar.
Ino. 1 ,2 8 5 ,8 0 0
Ino. 2 5 6 ,1 0 0
Jan. 1 to Mar. 3 1 . . . .
9 6 3 ,6 0 7
9 8 3 ,3 0 7
2 8 6 ,2 1 8
2 6 7 ,9 1 8
P hil.W llm .A B a lt.b M a r.
N ov. 1 to Mar. 3 1 . . . . 4 ,6 5 3 ,7 2 5 4 ,6 4 7 ,8 2 5 1 ,3 4 8 ,7 1 3 1 ,3 5 3 ,0 1 8
R eadin g C om pany—
8 9 7 ,0 6 5
P hlla. A R e a d ’ g.b.M ar. 2 ,4 6 5 ,2 7 4 2 ,4 1 5 ,7 5 2
8 0 6 ,5 1 3
Ju ly 1 to Mar. 3 i . . . . 22,54 1 ,4 9 5 20,923,337 8 ,6 0 7 ,8 7 1 7 ,1 2 2 ,9 2 4
4 7 ,0 1 3
C oal A Ir o n C o. b .M ar. 1 ,772,286 2,043,320
1 6 1 ,8 2 9
Ju ly 1 to Mar. 3 1 . ..2 1 ,9 2 8 ,9 0 4 21,129,682 1 ,8 2 6 ,1 0 4 1 ,6 6 4 ,9 2 8
T o ta l b o th C o.’ s.bM ar. 4 ,2 3 7 ,5 6 0 4,459,072
9 4 4 ,0 7 8
9 6 8 ,3 4 2
July 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 6 2
Beading C o. b ........Mar.
7 8 ,9 0 2
1 3 ,2 2 9
8 0 4 ,8 4 7
July 1 to Mar. 3 1 ___
1 8 6 ,6 4 6
1 .0 2 2 ,9 8 0
Total all Com p’ s.bM ar.
9 8 1 ,5 7 1
1 1 ,2 3 8 ,3 2 2 8 ,9 7 4 ,4 9 8
July l t o Mar. 3 1 . . . .
Southern Pao.Co a .F e b . 6 ,0 8 1 ,4 1 2 5 .7 3 5 ,4 4 7 1 ,5 4 0 ,8 0 2 1,728^ 928
July l t o Feb. 2 8 . ...5 0 ,9 0 8 ,4 6 7 5 0 ,7 3 5 ,0 3 7 2 0 ,0 3 7 ,6 9 4 1 7 ,9 4 0 ,5 0 4
Central P aolflo.b.F eb.
1 ,3 2 4 ,9 4 5 1 ,2 1 2 ,5 9 3
3 8 7 ,7 3 5
3 6 4 ,8 7 9
July l t o Feb. 2 8 . . . . 1 3 ,7 2 7 ,1 0 0 1 2 ,8 4 2 ,5 0 6 5 ,1 7 9 ,4 0 6 5 ,0 3 3 ,9 7 9
5 3 9 ,6 0 9
8 7 ,4 0 5
G al.H ar.A B an A .bF eb.
5 4 8 ,3 7 7
8 3 ,9 7 5
July 1 to Feb. 2 8 ___ 4 ,9 1 1 ,3 3 3 4 ,4 7 0 ,7 9 5 1 ,2 8 9 ,0 3 0
8 8 8 ,2 5 8
2 5 ,6 8 5
3 3 ,2 9 8 def. 1 5 ,7 0 7
Gal. H o n s .* N o.b.Feb.
d ef.2 ,4 2 5
7 ,5 6 9
d ef.0,782
7,5 4 1
d e f.2 ,1 1 6
G ull W . T .A P a o .b F c b .
6 8 ,7 2 2
6 8 ,5 9 2
1 7 ,2 5 5
H o u st.E .A W .T .b .F e b .
1 3 ,7 5 0
5 9 1 ,9 0 8
2 1 4 ,1 9 2
6 4 5 ,9 2 3
2 0 1 ,8 1 7
July 1 to Feb. 28 —
1 8 ,3 1 6
1 6 ,303
d ef.2,956
6 ,8 9 7
H oust. A Shreve.bFeb.
1 3 1 ,8 4 1
5 2 ,8 3 9
1 5 8 ,7 9 3
6 3 ,9 7 0
July l to Feb. 28 ..
1 4 8 ,0 6 4
1 4 0 ,2 0 1
6 0 ,7 1 4
5 7 ,9 7 7
Louisiana W est. b.Feb.
5 8 1 ,0 1 0
4 8 0 ,8 1 9
July 1 to Feb. 2 8 . . . . 1 ,2 8 1 ,4 5 3 1 ,1 0 8 ,2 4 3
4 2 8 ,2 3 7
2 1 1 ,3 6 9
6 2 5 ,5 9 1
1 9 2 ,2 9 6
M’ g’ n’ sL a .A T ex .b F eb .
July 1 to Feb. 2 8 . . . . 5 ,5 5 1 ,3 6 3 5 ,3 8 8 ,0 3 9 2 ,3 7 4 ,1 1 5 2 ,0 8 9 ,6 7 7
2 ,4 7 4
2 0 ,0 5 9
3 ,5 0 0
2 0 ,1 8 6
N. Y . T e r . A M .b .F e b .
9 6 ,0 0 0
1 8 9 ,1 8 6
6 1 ,7 3 3
2 5 0 ,7 6 7
July 1 to Feb. 2 8 ___

THE OHKONICLE
Hoads.

ANNUAL REPORTS.

— Cross E a rn in g *.— - —-Net Earning *.—Our rent
Previous
C urrent
Previous
Year.
Year.
Year,
Year
%
%
$
$

Southern Pacific—(Continued.)
Tos. ltd Jt N. O rl.b Feb.
220,078 243,115 d e t 4,260
80,154
July 1 to Feb. 2 8 — .
1,969,290 1,797,787
424,149
646,102
flo Lao. ot O aL b.F eb.
1,009,489 1,422,890
538,102
515,090
5,849,723 4,951,258
July 1 Co Feb. 2 9 ___ 14,543,541 12,270,389
8o. F t o .o t A iU .b Fob.
404,877 424,290
199,297
245,083
July 1 to Feb. 2 8 ___ 3,161,946 2,780,371 1,644,884 1,481,230
So. f*ao. of N. M .b.F eb
209,373
234,440
121,504
157,401
July l to Feb. 2 8 ___ 1,704,540 1,482,749 1,102,778
915,844
0oa.tti.btJi Kailw'y.-uMar.
3,212,021 3,188,915
775,805
990,591
July l co ivur. 31
28,423,400 27,341,142 8,577,020 8,657,304
Tam pa Eleet. Oo
Mar.
20,121
15,580
9,250
6,307
T oledo i‘u O Lent, a Mar,
232,825
202,902
48,868
42,006
July 1 t o Mar 3 1 ___ 2,130,373 1,891,901
448,605
458,919
Onion Pau.Sydt’ uitt.Mar. 3,476,859 3,294,313 1,380,302 1,302,666
July 1 to via.-. 31. . 86,189,309 32,926,054 17,281,709 14,485,685
Wabash b. ..
Mar. 1,551,556 1,467,308
445,614
404,101
J u ly 'IC o Mar. 3 1 ... 14,545,858 18,360,305 4,345,324 8,773,416
W Jersey * Seash.bM ar.
285,710
243,710
84,518
54,418
Jau. 1 to M a r. 31 . . .
652,404 610,564
73,706
79,706
W isconsin Central bMar.
504,804 432,100
169,543
137,183
July 1 to Mar. 3 l . . „ .
4,422,041 3,014,262 1,540,181 1,860,306
W rights v.ffc T een .b M a r.
12,785
13,078
3,807
4,789
July 1 to Mar. 3 1 .. ..
115,509
132,114
43,859
56,647
a Net earnings hare g iv e n are a lta r d ed u ctin g t a x e s ,
b Net earnings here g iv e n are b e fo r e d ed u ctin g ta x e s
t F o r M arch, 1902, ta x e s and rentals am ounted to $181 ,1 8 0 , against
$163,223, after deductin g w hich net fo r M arch, 1902, was $1,878,012,
against $1,589,720 From J u ly l to March 3 1 ,1 9 0 2 , taxes and rentals
am ounted to $1,493,341, against $1,502,810, after deducting w hich
net w as $17,725,418, against $14,520,828.

Interest Charges a M Surplus*—
’The following roads, In
addition to their gross and net earnings given in the fore
going, also report charges for interest, &o., with the surplm
above or deficit below those charges.
,— Int., rental*, etc.—— —Bat. o/ N etE am ’ s
.

Current
Year.

Souds,

Previous
Year.

Current
Year.
$

Previous
Year.
$

$
$
108,574
99,629
Olev. Gin,Oh. & St. L.Mar.
249,402
289,192
July 1 to Mar, 3 1 . . . . 2,099,793 2,196,440 1,667,441 1,637,721
42,410
33,689
33,750
14,826
P eoria & E a st___ Mar.
348,305
303,195
308,750
207,619
Ju ly 1 to Mar. 3 1 . . . .
D el. L ack. & W est.—
N . Y . L ack & W est.—
266,163
619,524
205,922
Jam 1 to Mar, 3 1 ___
616,428
S yr. B ing. A N . Y . —
60,952
72,779
Jan. 1 to Mar. 3 1 .. ..
46,405
44,905
E dison E lect. 111. Co. of
2,294
2,246
771
779
B rock ton _____ . . . Mar.
71,739
80,248
76,359
50,004
H ook ing V a lle y .......Mar.
717,104
712,403 *1,078,653 *1,060,707
Ju ly 1 to Mar. 3 1 ___
*14,224
K an aw ha & M ic h .. .Mar.
12,284
10,607
*13,768
90,050
103,750
*71,381
*49,320
Ju ly 1 to Mar. 3 1 ___
1,176
4,556
L o w e ll E lec. Lt. Co.M ar.
1,761
4,462
8,150
9,264
7,029
M inn. G en ’i E lect..M a r.
7,973
145,712
15,634
Washy. Chat.& 8t.L.M ar.
152,510
76,257
427,423
July 1 to Mar. 81 .. 1,372,489 1,407,993
580,745
2,304
2,250
715
Nev.-Cal.*O regon. . . Mar.
66
19,412 a
20,250
20,919
Ju ly l t o Mar. 3 1 ___
17,320
N. Y . & O ttaw a—
5,940
6,511 def.9,492 def.20,811
Jam 1 to Mar. 3 1 .. .,
R ea d in g —
897,000
790,979
125,980
190,592
A ll com p a n ies— Mar.
July 1 to Mar. 3 1 .. .. 7,793,000 7,118,816 3,445,322 1,855,682
1,250
1,787
7,463
Tam pa E lect. C o ...M a r.
5,117
39,023
36,499
*10,121
*4,046
T oledo & O hio Cem.Mar.
356,487
315,199
*96,964
*145,563
July 1 to Mar. 31 . . .
*Q7Q
136,917
*26,052
145,128
W isconsin Central. .Mar.
*280,743
July 1 to Mar. 3 1 .. .. 1,276,874 1,218,078
*152,185
* A fter allow in g lo r o th e r in co m e re c e iv e d .

[T ol. l x x i v .

A nnu al Reports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies w h i c h h a v e been published since the la s t editions
of the I n v e s t o r s ’ a n d Street R a il w a y Supplements ,
This index does n o t include reports in to-day’s C hronicle .
Railr o a d s . Etc.—

Pane.

R a il h o a d s , E m — ow,)—
(C

P « o«.

A m erica n C an
........................
881 P itts b u r g & L a k e E r ie ........................ 880
882
C a lifo rn ia F r u it C anuera’ A s s n . , ., 881 T a m a ra ck M in in g ........................
U . 8. C a st Ir o n P ip e & F ou n d ry
C entral U n ion T e le p h o n e ............. 828
D e n v e r & S o u t h w e s t e r n ............... 880
(bal. s h e e t J a n . 8 1 ,1 9 0 2 )................. 828
G en eral E le c t r ic ........... ..881, 880
U . 8. R ed . < R e t. (officia l sta to r n ’t) 882
fc
Gra: (1 T r u n k ..........................
880
BTEkitT R a il w a y s —
Page.
L ake E rie A W e s t e r n .......................... 837
L a k e S h o re & M ich ig a n S o u t h e r n . 879 C ap ita l T r a ctio n (W a sh ., D . 0 . ) . . . . 723
L
828
M ex ica n N a t io n a l.................................8 2 0 , -884 o u is v ille ( R y .) R y ........................
M e tr o p o lita n W . S id e K iev .(O h io .) 828
N ew Mexico Ry. & Coal.............8*7
M
P e n n sy lv a n ia K it ................................... 525, 531 ilw a u k ee E le c tr ic U v. it L i g h t . .. 435
PennsylanjLa S t e e l- ............................... 891 N o r th J e r s e y S t r e e t ............................ 677
S t. L o u is T r a n s it ................................... 677
P h ila d e lp h ia F le d n o ............. 881

Allegheny V a lle y R a ilw a y .
( R eport fo r the y ea r ending Dee. 31, 1901.)

Earnings and balance sheet have been as follows;
1901.
1900.
$
$
P a ssen g ers. . . . . . . . . . . . . . . . 903,133 790,614
F r e ig h t................... .............2,735,485 2,640,581
Mall, express and m leeel. 145,345
114,833

Earnings —

T o ta l................. .. .. .. .. 3 ,7 8 3 ,9 6 3

1898.
$
674,568
1,899,293
95,585

3,546,028 3,183,044 2,069,440
,
727,004
611,295
367,737
505,818
409,092
330,347
1,123,813
994,651
795,444
60,028
62,281
59,469

Expenses—

Malnt. o f w ay & street's. 689,240
Malnt. o f e q u ip m e n t...... 553,850
C onducting transporta’n. 1,203,493
G en eral............................
38,937

T ota l..................... .......2 ,3 8 5 ,5 2 0 2,416,663
Net e a r n in g s ...........
1,398,443 1,129,365
Other in com e.............
91
7,061
T otal in co m e............ ..1 ,3 9 8 ,5 3 4

1899.
$
741,228
2,331,362
110,454

1,136,420

2,077,319 1,552,997
1,105,724 1,116,449
1,170
1,081
1,100,894 1,118,110

Deduct—
T a x e s......................
Interest on b o n d s........... .
M iscellaneous.....................

112,789
975,540
56,408

100,984
977,207
53,704

108,245
970,918
7,408

04,411
981,748
24,122

T o ta l...............................1,144,737 1,131,895 1,081,631 1,070,281
Balance, su rplu s................ *253,797
4,531
25,263
47,829
* A pplied to paym en t o f “ extraordinary exp en ses.”
GENERAL BALANCE SHEET DEC. 31, 1901.

Dr.

Or.

Cost o f roa d .................. $41,398,828
Real esta te.................
101,647
1,671,816
Cost o f equ ipm en t___
Cost o f P itts.'fer p rop .
680,474
Stocks o f other c o s . ..
22,634
C ash................................
93,469
Individuals, & e...........
5,693
Profit and lo s s ............. 1,324,398

C om m on s to ck ......... ..$1 0 ,5 4 4 ,2 0 0
P referred sto o k ........... 17,174,398
B onded d e b t................ 16,695,000
Real estate m orts.......
589,065
Unpaid int. & coupons
22,771
Interest a ccru ed .........
273,525

T o t a l....................... $45,298,959
- y . 74, p. 829.

T o t a l, ................... $15,298,959

Chicago Rock Isla n d & P acific R a ilw a y .
{Statem ent fo r y ea r ended M a rch 31, 1902.)

The bond offering of Speyer & Co. mentioned on page xii
contains the following official statement for the fiscal year
ended March 81, 1902 (March estimated), comparing With
earlier years as below:
1902.
M ile a g e .............
3,971
Gross in c o m e ...$29,351,684
Operat’g ex p ’ ses 18,280.333

1901.
3,818
$26,066,074
17,165,092

1900.
8,047
$23,S52,044
14,982,451

1899.
3,619
$21,378,382
13,676,110

Street Hallway Net Earnings.—The following table gives
N et in co m e ..$11,071,351
$3,900,882
$8,369,593
$7,702,272
the returns of Street railway gross and net earnings received Less fix'd ch’rges,
rentals, e t c —
3,855,000 8,303,963
3,907,531
3,929,156
this week, In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
S u r p lu s ...... $7,212,351
$5,097,019
$4,462,061
$3,773,117
roads—that is, we print each week all the returns received
Dividends at the present rate of 5 per cent on the capital
that week, but once a month (on the third or the fourth stock, as shortly to be increased from 160,000,000 to $75,000,Saturday), we bring together all the roads furnishing re 000, will call for $3,750,000 annually.—V, 74, p. 883, 829.
turns, and the latest statement of this kind will be found
in the Chronicle of April 19, 1902. The next will appear
Term inal Railroad Association o f St. L o u is.
in the issue of May 17, 1902.
—— Gross E a rn in g s .— ’, —- N e tM a rm n g s.—
C u rren t Previous
Current Previous
Year.
Year .
Year.
Year.
$
$
$
$

Moods.
B allston Term inal—
Jan. 1 to Mar. 3 1 ___
N ew Castle T ract..-M a r.
N. Y . & North S h o r e Jam 1 to Mar. 3 1 .. ..

8,516
10,881

.............
8,396

d ef.1,034
3,348

........
1,377

20,465

17,220

d ef.50

162

Interest Charges and Surplus.—The follow ing Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges.
Roads.

----- Int. .ren tals, etc.— . r-Mal. o f Net M am ’s .Current P m d otw
Current Previous
Year.
Year.
Fear.
Year.
$
$
$
$

B allston Term inal —
Jam 1 to Mar. 3 1 .. ..
N ew Castle T ra ct.. .Mar.
N. Y . & North S h o r e Jam 1 to Mar. 3 1 .. ..

96
2,083

2,083

9,765

8,600 *def.9,794 *def.8,340

* A lte r allowing for other Income received.

def.1,130
1,265

d e f. 706

( R e p o r t fo r the yea r ending D ec. 31, 1901 J

President Julius S. Walsh says:
e s u l t s . -T h e increase in gross earnings, $25S,218, is
attributable to the large in crea se in the am ount o f business in and about
St. L ouis, also the enlargem ent o f the term inals, w hich has increased
the earning ca p a city o f the property. The Increase in expenses, $97,728, was occasion ed by the large increase “in taxes and the increase
in con ductin g transportation and m otive p ow er necessitated by in
creased business. F ix ed charges, rentals, interest, etc., r e m a in ‘sub
stantially the same, leaving a n et surplus o f $437,813, an increase of
$191,500, notw ithstanding the large increase In expenses.
I m p r o v e m e n t s —The expenditures fo r extraordinary expenses, im 
p rov em en ta ccou n t, etc., aggregated $84,295. The estim ate fo r the
current year is $260,500, as follow s: 11 new locom otives, $115,600;
East S t. Louis in terlockin g plant, w ith track changes, $120,000; new
girders, w est approach, $25,000. The com p an y’s requirem ents for in 
creased yard, storage and warehouse room are n o w under considera
tion and should receiv e prom pt attention.
N e w T e n a n t a n d P r o p r i e t o r , - On Feb, 18 the St. Louts Y andalia
& Terre H aute lilt. Oo. was admitted as a mem ber of the Terminal
UR. A ssociation o f 8t. Louis, taking a one-seventh interest. The Fitts
burg Cincinnati Chicago & St. Louis Ry. guaranteed the perform ance
o f the con tra ct on the part o f the new proprietary Rue, the rerre
H aute & Indiauapolis R R ,, as lessee o f the Sc. Louis Ya.uda.ita A Terr*
H aute, approving and b ecom ing also a party; and the Pennsylvania
Co., b y resolu tion o f its board, approvin g the action.

General R

TUB

May 8, 1903.3

935

OH EON IDLE.

The earnings, balance sheet, etc., compare as follows:
1CABNINOS AND BXPBMBKS.

1899.
1898.
1001.
1000 .
«
#
Harnings—
$
Freight tolls.................. 1,277,915 1,127,479 1,127,295 1,004,852
330,117
824,127
328,770
Passenger tolls--------- 34.1,993
50,000
50,000
50,000
60,000
Mali tolls.
01,055
55,6^2
59,182
45,93d
Express tolls..................
224,706
265,016
255,777
285,043
Upper roadway tolls...,.
81,3 02
81,911
76,367
80,039
Kent earnings...............
213,165
192,910
233,080
298,386
Mlso. ifeswitolUngearns.

The "other income” item for 1899 represented prom mum on the sale
of treasury stock; for I960, profits on the sale of the Long island
plant, and for 1901, profits on the sale of the Camden plant.
BALANCE SWEET OF DISC. 81.

Asm s—
1901.
1900.
1809.
Stocks and bonds......................... $2,7 55,789 $2,584,050 $8,071,361
Accrued earnings...... - ...............
031,884
469,138
352,489
Accrued Interest .. .. .. — ............
2,568
3,903
19,495
Hills receivable...........................
382,345
349,582
,67,591
Cash...............................................
i 97,25©
392,002
275,553
Charter and organization expefi..
10,000
10,000
12,525
Olilce furniture, ote............... ......8,549
1,587
1,388

.. 2,385,309 2,127,090 2,119,209 1,997,753
Total____ ......
Total.................
$3,983,325 $3,810,8X9 $3,900,405
Expenses—
L ia b ilitie s —
287,663
280,438
292,488
Conducting transporta'n 321,030
180,847
192,648
169,354 Capital stuck paid In.................... $3,060,534 $3,060,511 $3,084,063
212,040
Motive power..........
910,191
742,045
838,925
55,471.
75,732
73,924
60,557 Credit profit and loss......... .........
Maintenance of way......
6,597
8,262
27,416
34,304
33,074
34,869 Accounts p a y a b le........................
41,421
Maintenance of ears......
15,787
6,763
16,872
19,984
Maint. of bridge & tunnel
Total........................................$3,983,325 $3,810,8X9 $3,900,405
43,874.
it3,102
38,922
35,189
Upper roadway expenses
_
.
62,992 —V 74, p. 832,777.
52,246
60,028
63,477
General expenses...........
93,880
96,202
138,432
108,085
Taxes..............................
734.286
797,767
758,943
T o ta l.......................
895,490
(37*60)
(36*25)
(35-81)
Katioof exp, to earn.,p.o.
(37*84)
Wet earnings__________ 1,489,813 1,329,322 J,360,265 . 1,263,407
327,007
327,007
327,007
Rent, Union Statin prop,. 327,007
21,623
21,339
21,212
Int. on deposits & miso..
23,136

GENERAL INVESTMENT NEWS.
KAIUKOABS, INCLUDING STREET HOADS.

A la sk a C entral By, — Stock Offered.— This company, which

proposes to construct a railroad from Resurrection on the

Total income.... ........ 1,839,956 1,677,542 1,708,896 1,611,813 coast of Alaska northerly over 400 miles to Rampart on the
Deduct—
315,000
315,000
315,000 Yukon River, through a timber and mineral district, is offer
Interest 1st mort. bonds. 315.000
230.000
227,599
22®,©00
225,000' ing for sale at five dollars per $50 share a portion of its
Int. eons. mort. bonds...
36,482
4©,107
37,823 $3,500,000 five per cent preferred stock:.
39,476
Int.on loan & re.eat notes
The authorized
666,900
666,900
666,900
Rentals, bridge & tunnel. 600,900
84,004
85,204
86,971
Rentals, leased property
86,981 common stock is $27,500,000. Office, Seattle. Directors:
96,924
64,295
100,956
48,680
Improvement account...
D.W. Dickinson (President and General Manager), Ex-Gov. John
M’ Graw (Vice-President), J. W. Godwin (Treasurer), Geo. Turner
1,428,343 1,875,383 (General Counsel), John E. Ballaine (Secretary and Auditor), Chas. L.
1,402,642 1,431,728
Total.
.sur.437,314 sr.245,813 sr.2 80,553 sr.23 6,430 Denny, Capt. E. E. Caine, Chas. F. Peck.
Balance..
Am erican H allways Co.—Bonds Offered.—Bioren & Co.
BALANCE. SHEET DECEMBER 31.
and E. C. Miller & Co,, Philadelphia, and W ells, Herrick &
1900.
1801.
1899.
- 1898.
jj*
;
Assets—
$
$
9
Hicks, New Y ork, offer by advertisement in another colum n,
Property and franchises. 6,441,200 0,441,200 6,441,200 6,441,200 at 102% and interest, $1,000,000 American Railways Co. con
Real estate.................... 1,821,852 1,671,810 1,665,117 1,665,117
Construction, general... 3,339,250 3,334,610 3,341,746 3,327,585 vertible collateral trust 5 per cent gold bonds dated Dec. 2,
209,720
Do East Belt Line__
271,415
272,255
65,90.0 1901, and due Dec, 1, 1911. The authorized issue of these
Do 111. Trans. RR .
337,626
223,386
57,364
bonds is $2,500,000, of which $500,000 are reserved for exten
683,193
Do W.& No. Belt Lines 848,097
654,085
528,629
sions. The bonds are secured by deposit with the Provident
Do Gr.C.&M.BeltLi’e
574
Stocks owned...... .
1,466,5®® 1,45 i ‘,500 1,826,500 i:,s i i’5®o Life & Trust Co., Philadelphia, trustees, of the follow ing:
C ash.....................
492,729
368,881
312,451
419,402
Pledged. Total issue.
Due by agents, ete... . . . .
66,17 0
45,671
37,317
38,283 Peoples’ Pass. Ry. Co., Dayton, O., stock.— ,...$1,050,000 $1,100,000
Due by railroads, aeet.
Chic. & Joliet Elec. Ry. Co. cob. intge. bonds... 1,600,000 1,000,000
passenger tolls...........
28,041
42,288
56,882
57,721
500,000
500,000
Snndryeos.&individnals 1,229,221 1,199,434 1,158,677 1,276,549 Springfield (0.) By. Co. first mtge. b o n d s.......
Supplies and mien, aeets.
78,115
The bankers state that the properties covered by these se
71,888
58,527
29,801

curities have cost the American Railways Co, over- $4,000,006,
and the improvements how being made w ill add $500,000 to
this amount and largely enhance the earning power, _Further particulars w ill be found in the advertisem ent,--V. 74,
p. 882.
A nthracite Coat K o a ls,—N egotiations— A t a meeting held
in this city on April 26 under the auspices of the National
Civic Federation, the follow ing join t committee was ap
pointed to try to arrange the differences between the anthra
Totalliabilities.... ..16,410,790 15,803,53115,382,131 15,176,666 cite coal operators and the workmen, v iz ,:
—V. 74, p. 479,152.
Total assets............16,410,790 15,803,53115,382,131 15,176,666
Liabilities—
Capital stock...........
1,441,200 1,441,20© 1,441,200 1,441,200
Bonds (see Supplement) ! ! , 680,00© 11,690,000 11,590,000 11,590,000
Due for current opera’s.
624,401 396,199
867,341 485,881
Accrued rentals...........
98,333
98,352
98,353
98,353
Matured and accrued int.
194,414 183,566
180,202 187,784
Bills p a y a b le .............
689,464 763,897
725,897 682,077
M i s c e l l a n e o u s . . . . 25,511
22,10©
18,786
9,522
Balance income account, 1,64?,447 1,208,216
962,403 681,849

U n ite d Shoe M a ch in e ry Co,
{Statement o f date March 1, 1902.)
The statements filed with the Massachusetts authorities
com pare as follow s:
BALANCE SHEET MARCH 1.

Assets—

1902.

1901.

1900.

L e a se d m a c h in e s, s to c k s an d
b o n d s in o th er c o m p a n ie s ....$ 1 5 ,6 3 9 ,7 0 3 $14,505,624 $16,934,342
R ea l e s t a t e ----- . . . — . . . . . . . . . .
4 5 3 ,0 3 7
435,539
M a ch in er y ..............................
1 ,1 1 5 ,7 3 8
■1,126,535
C ash a n d d eb ts r e c e iv a b le .................................. 3 ,3 8 7 ,3 1 0
1,676,907
781,431
S to c k in p r o c ess........................ . .
1 ,8 9 8 ,8 5 5
1,432,501
...
5 7 1 ,3 3 2
P a t e n t r ig h ts ................
745,269
7*40,488
M is c e lla n e o u s................
...
5 7 7 ,3 5 3
328,109
6,525

$20,249,485 $18,462,783

T o t a l . . . . . . . . . . . . . . . . ......... ...$ 2 3 ,6 4 3 ,3 2 5
L ia b ilitie s —

$18,292,218 $17,783,405
601,353
89,185
1,335,914
012,192

C a p ita l s t o c k ................
...$ 2 0 ,8 5 7 ,8 9 4
D e b t s ..............
4 7 6 ,4 7 9
2 ,5 0 8 ,9 5 2
P rofit a n d lo s s s u r p lu s...............
T o ta l........................................$ 2 3 ,6 4 3 ,3 2 5

$ 2 0 ,2 4 9 ,4 8 5

$ 1 8 ,4 6 2 ,7 8 3

The above statement shows an increase in surplus during
the late year of $1,153,000 after payment of dividends, The
annual charge for dividends on the stock as at present out
standing, at, the existing rates, is on the preferred shares (6
per cent), $596,186, and on the common shares (8 per cent),
$860,680,- V , 74, p. 892, 430.
E lectric Company o f America,
( Report for the fiscal year endued Dec, 81, 1901.)
President Snowden states that 38 plants were offered for
purchase during the year, but only 13 were carefully ex
amined and tw o only were purchased—Canton, O., and
Auburn, N, Y. (See list, V. 72, p. 820; V. 73, p, 238,289, 495.)
The results of operations for three years past and the bal
ance sheets of December 31 compare as follows:
„
1601.
Net earning* of plants..................... $281,232
O ther In co m e................

1 9 8 ,9 8 4

Total net income.........................$480,186
Dividends paid...............
306,038

1900.
$374,538
86,150

1899.
$4.07,975
633,369

$41.0,605 $1,041,844
406,281
202,410

$4,414
$838,925
Surplus..................................... $174,14.8
Note,- The individual plants, it is stated, chow a substantial in
crease in earn Inga from year to year, the apparent decrease being due
to change in the number of plants owned. During the year 1900 the
folio wing plants were sold: Jamaica Electric Light Co. and Electric
Illuminating < Bower Co. of Long Maud City; sold in 1901 Camden
fe
(N, J.) Lighting < Heating Oo.j
k

President; Baer of the Central Railroad of Few Jersey, President
Trnesdale of the Delaware Lackawanna & 'West., Chairman Thomas
of the Erie RR., President Mitchell of the United Mine Workers and
District Presidents Thonaas Fahey, T. D. Siohol and Thomas Duffy of
the same organization.

This joint committee finished its work on Wednesday, but
no particulars regarding its proceedings will, it is announced,
b© made public until the committee’s report is laid before the
next meeting of the Conciliation Committee of the National
Civic Federation.—-V. 74, p. 679,629.
B rooklyn K a p il Transit Co.—Safe o f Bonds.—The com 
pany has sold to Flower & Co. |5,000,000 four per cent bonds
of the $150,000,000 issue, the proceeds to be used to pay
for equipment and other new property. The bonds so sold
have a convertible feature, which, it is said, m ay.not apply
to future issues (see V. 74, p, 877).—V . 74, p, 629, 477.
B uffalo ‘R ochester & P ittsbu rg By.— Quarterly.— Earnings
for the quarter and the 9 months ending March 81 w e r e :
3 mos. end. Gross
Mar, 31— earnings.
1902...... .$1,344,552
190 1 ...... 1,348,210
9W
108.—
1901-02... 4,692.034
1900-01... 4,208,490
—V. 74, p. 829, 726.

Net
earnings.
$446,537
595,068

Other
income.
$2,827
5,801

Int., taxes, Balance,
etc.
surplus.
$326,842 $122,522
345,336
255,533

1,975,852
1,795,722

15,997
21,058

1,033,513
1,040,457

958,336
776,323

Canada A tlan tic B j , —Guaranty.—The directors of the
Rutland RR. it is announced have voted to guarantee the
principal and interest of this company’s 4M per cent bonds,
- V . 74, p. 679, 576.
' A ^
Canadian Pacific Ily.— New Acquisition.—This company
has purchased the Ottawa Northern & Western Ry. See
that company below and V. 73, p. 1161.
Lands, Etc,—A statement compiled “ from official sources”
gives the company’s total land grant holdings as 22,274,403
acres, v iz . :
„ _
„
A cres.
B a la n c e o f o r ig in a l la n d g r a n t ................... . ...................... . . . . . . . . 1 6 ,1 04,403
B r itish C olu m b ia S ou th ern lan d g r a n t....................... .............. . . 3 ,3 5 0 ,0 0 0
C olum b ia & W estern la n d g r a n t ........................................... . ...... 2 ,5 0 0 ,0 0 0
G reat N o r th w e s t C en tra l la n d g r a n t................................................
3 2 0 ,0 0 0

J, L, Mitchell & Co, o f Toronto, in a circular, estimate
the value of these lands at $3 20 per acre, making the total land
assets after adding $3,467,804 of deferred, payments, $74,745,484; land grant bonds, $17,831,000; balance, $56,914,484. They
ako note the fact that the express, telegraph, elevators,
steamers, sleeping cars, hotels and smelters, usually man
aged by separate companies along the lines of great railroads,

936

THE CHRONICLE

[V ol.

Lxxrv,

D etroit U n ited B y.— Bonds Offered,—E. H. Gay & Co.
are offering at 97)^ and interest, by advertisement on another
page, $1,000,000 o f this com oauy’s first consolidated mortgage
4J^ p. c. gold bonds, due Jan. 1, 1932, but subject to call at
105 and interest. The D etroit United Ry, owns or controls
the 504 miles o f street railway in D etroit and suburbs, the
system com prising ten form erly independent roads. The
com pany’s total outstanding bonds are $16,880,000, and its
capital stock o f $12,500,000 pays 4 per cent dividends and
sells at 75,
The net earnings in 1901 were $1,345,472, and interest on
funded debt $675,843, leaving a surplus before dividends o f
$670,129. Net earnings in first quarter o f ishis year increased
14 per cent
The earnings after providing for operating
expenses and interest on all outstanding bonds are at the
com pany has asked the New York Stock ex ch a n g e to list rate o f 7 per cent per annum on the capital stock, but d ivi
$400,000 additional 4 per cent debenture stock, m aking total dends, it is said, w ill be limited to 4 per cent and the balance
listed $24,837,000.—V . 74, p, 726, 93,
pat into the com pany’s plant.— V. 74, p. 775, 727.
Chicago Greenville < Southern B y.—Sold. —At theforefc
D uluth V irg in ia & R a in y Lake lty .—Details o f Mortgage.
closure sale in Springfield, III., on April 29, the road was bid —The m ortgage to the Minnesota Loan & Trust Co. o f Min
in for the first mortgage bondholders.—V. 74, p, 150.
neapolis, as trustee, recently filed, is made to secure $2,000,000
Chicago Rock Island & Pacific B y.—Bonds Offered.— 20 year 5 per cent gold bonds, dated March 1,1902, inter
Speyer & Co. offer by advertisement on another page, at est baing payable at Minneapolis on March 1 and Sept. 1.
prices to yield the purchaser
per cent on the investment, See V. 74, p. 679.

bat ui the case of the Canadian Pacific owned absolutely by
it, represent on the basis of their net earnings of $2,141,187
capitalized at 5 per cent, a value of §12,828,741. In other
quarters the value of the land is stated much higher, a
large amount of valuable real estate in the city of Vancouver
being included. The good reports of earnings and the circu
lation of such dal a as thu foregoing presumably account for
the advance in the price of the stock. — V. 74, p. 829, 775,
1 iie-tuut H ill RR. -New Stock —The stockholders of this
road, which is leased to the Reading, will vote ;June 7 on in
creasing the capital from $120,650 to $195,650.
Chicago & Eastern Illin ois UR.—Bridge.—See Southern
Illinois & Missouri Bridge Co. below.—V, 73, p. 1207.
C hicago Great W estern B y .—A pplication to L ist.—The

the entire issue of $24,000,000 4 per cent collateral trust gold
bonds of 1902, issued to provide the cost of the purchase of
at least a majority of the preferred and common stock of
the Choctaw Oklahoma < G a lf RR. Co. These bonds are
fe
secured by deposit with the Central Trust Co., as trustee, of
all such shares purchased, or any additional shares of the
same road which may at any time hereafter be acquired.
The bonds are dated May 1, 1902, interest payable semi
annually on May 1 and Nov. 1 in the City of New York.
They are issued in series of $1,500,000 each, “ A ” to “ P,” in
clusive, series A maturing May 1, 1903, and the succeeding
series annually thereafter until and including May 1, 1918.
The entire issue outstanding, but not any part of such issue,
is redeemable at the option of the company at lOlj^ per cent
and accrued interest, on any interest date, upon 60 days’ pre
vious notice. See statement of earnings for fiscal year ended
March 31, 1902, on page 934.
Purchase.—A syndicate interested in and embracing this
company has purchased control of the St. Louis Kansas City
& Colorado R R ., which extends from St. Louis to Belle, Mo.,
105 miles, and was recently under construction westerly to
Versailles, Mo., 76 miles additional. A montu ago this road
had outstanding $1,989,800 stock and $3,030,000 first mort
gage 4s.
The syndicate also secured options on a majority of the
$1,000,000 stock of the Wiggins Ferry Co. of Sc. Louis, at
$500 per $100 share, but later paid still higher prices in the
effort to prevent the control being wrested from it by other
interests. See WiggiDS Ferry Co. on page 942.
The St. Louis Kansas City & Colorado Railway, when ex
tended to Kansas City, will form for the Rock Island a line
into St. Louis; the property of the W iggins Ferry Co. would
furnish terminal lacimies in that city. The R ick Island
interests a r e also said to have acquired at St. Louis adjoining
the St. L. K. C. & C. a tract of land 180 feet wide by 3 000
feet in depth, for yards, paying therefor $425,000.—V. 74,
p. 883, 829.
Cincinnati Dayton & Toledo Traction Co.— Consolidated
C om pany.—See Southern Ohio Traction Co. below.—V. 74,
p. 884.
Cleveland ( 0 .) City B
y.— Cleveland (O.) Electric Ry.
See
below.—V. 74, p. 205, 93,
C leveland(O .) Eleetrie R j . —Consolidation in A beyance.—
The Cleveland papers have lately been talking of a rumored
hitch in the plans for uniting this company and the Cleve
land City Ry. Co. President Andrews, of the Cleveland
Electric Ry,, on April 28 said that there was nothing new in
the situation, and that nothing was being done witn the
proposition at the present time, though consolidation would
ultimately take place. A director of the Cleveland City Ry.
Co. says: “ Consolidation plans as contemplated a month ago
are all off, and if consolidation is effected within the next
month it will be on an entirely new basis.—V. 74, p. 629, 576.
Consolidated Railw ay Light & Pow er Co., W ilm ington,
N. C,— Consolidated.—On April 24 were consolidated under
this title the Wilmington Street Ry. Co., the Wilmington
Seaeoast Ry. Co. and the Wilmington Gas Light Co. A new
mortgage will be made shortly. Directors:
H u g h M cB ea, P resid en t; M. F. H . G ou vern eu r, V ice-P resid en t; G eo.
R. Frenelx, M. J . H ey er, G. H erb ert S m ith , W. R. K en a n . J. W. N or
w o o d , Chas. P. B o lles, O scar P ear all. C has. W. W orth, J. V, G rain ger,
W alter L. P arsley , J a n iu s D a v is, J a s. H . O hadbourn, a ll o f W ilm in g 
to n , and W. W. R an dolph , o f N e w York.

C oshocton & Southern R R .—Paym ent on B onds.— Clarence
E. Sanders, Special Master, will distribute the proceeds of
the foreclosure sale on May 15 at 808 Perry-Payne Building,
Cleveland, Ohio, at which time and place the bondholders
are directed to present their bonds for payment.—V.70, p.632.
Denver & Southwestern By. Co.—Dividends Deferred —
The executive committee, it is stated, decided on Thursday
to defer payment for the present of the quarterly dividends
on both the preferred and common stocks, because of the
rate war in which the company is involved.—V. 74, p. 880,727.
Des Moines ( I » .) City By.— Colled.—Bond No. 75, issued in
1889 by the Des Moines Street R R ., has been called for pay
ment at par on May 8 at the American Trust & Savings
Bank, Chicago,

Erie R R .— New General Manager.—Daniel W illard , re
cently elected Ttiird V ioe-President, has, it is announced, as
sumed the duties o f General M anager, replacing in that
capacity C. R . F itch , resigned. — V. 74, p, 576, 528.
F loren ce Iro n , P hosph ate & R R .—Purpose o f Road.—Sec
retary T. B. Leonard writes as follow s:
The road is being built principally to develop the rleh Iron ore de
posits In Wayne Go., Tenn., ibrougb whiob the road will run, and to
furnish the Southern fnrnaoea with ore. This ore assays from 48 to
55 per cent metallic iron. The phosphate beds are at the northern end
of the road.—V, 74, p. 727, 326.
Great N orthern, o f Canada C on solidated Co.— Incorpor
ated.—This com pany was incorporated in N ew Jersey on
Tuesday with $10,000,000 authorized capital stock, the in cor
porators including A rthur L. M eyer, W . Seward W e b b ’s
right-hand man and Secretary and Treasurer o f the D o
m inion Securities Co., and James M cNaught, Second V icePresident of the Great Northern R y. o f Canada (see map,
page 66 of I n v e s t o r s ’ S u p p l e m e n t ) , The new com pany is
no doubt intended to control one or both o f the follow in g
companies in which Mr. W ebb and his associates are inter
ested or for w h ich they have been negotiating:
G reat N orth ern R y, of C an ada..............................................................1 7 7 m ile s
Canada A tla n tic R y. (see th a t com p an y a b o v e ;...........................4 6 6 "

The Rutland R R ., o f which Mr. W ebb is Chairman, ope
rates 4l6 miles o f i o id , and the St. Law rence and A d iron 
dack, 56 miles.
The New Jersey r e p r e s e n t a t i v e t h e new com pany is the
Corporation Trust Co.
Great N orthern R y. o f C a n a d a .-S e e G reat N orthern o f
Canada Consolidated Co. above.—V . 74, p. 426, 267.
H ock ing V a lley B y .— Called B onds.—F ifty-on e ($51,000)
Columbus H ocking V alley & T oledo R y. Co. Car Trust Series
“ A ” binds nave been drawn by lot fo r redem ption at par
and accrued interest, on Ju ly 1, 1902, at the office o f the
A tlantic Trust Co., N ew Y ork City.
Bonds.—The New York Stock E xchange has been re
quested to list $1,000,000 additional 1st consol. 4)£s o f 1999,
making total listed $11,237,000.—V . 74, p. 267, 94.
H ouston & T exas C entral K B .— Called B o n d s — First
m ortgage bonds aggregating $100,000 and consolidated m ort
gage bonds aggregating $50,000 have been draw n by lot and
w ill be redeemed at 110 and interest June 80, See advertise
ment on another page o f to-day’s C h r o n i c l e . — V . 74, p. 680,
267.
In d ia n a p olis S treet R R .—Law V alid.— The Supreme
Court o f Indiana on A p ril 30 held constitutional the law
passed in 1899, on which the charter o f the com pany is based,
so confirm ing the right o f the com pany to collect a 5-cent
fare or a 4 cent ticket from each passenger. The objection
urged against the law was that it violated the constitutional
prohibitions against granting special privileges and im m uni
ties by, in effect, singling out an existing corporation, and
conferring upon it the special privilege o f charging m ore
than 8 cents as car fare. See V. 68, p. 379.—V . 78, p. 184.
Iow a C entral R y ,—New Officers.—F . H . Davis and A . C.
Doan have been appointed respectively Treasurer and Secre
tary, to succeed George R , Morse and S. Seaman Jones. Mr.
Davis retains his office, as V ice-P resident.— V . 78, p, 1206,
1217.
Jam aica (N . ¥ .) T n rn p ik e Co.—Sse R ockaw ay E lectric
Ry. b elow .—V , 69, p. 180.
Kansas City F o r t S cott & M emphis R y — Called Bonds.—
Ozark Equipment Co. 5 per cents in the fo llo w in g amounts
have been drawn for payment on May 1, 1903, at par, ex
coupon due on that day, v iz .: 1st series due May 1,1910,
$40,000; 2d series due Nov. 1,1910, $74,000. Payment, w ill be
made by the trustees at 50 State St.. Boston, interest ceasing
after April 30, 1902.—V . 74, p. 728, 577.
M exican N ation al R R .—New Securities B ead y.—' he now
T
securities and cash to be given in exchange for existing
securities and assessments fo r plan o f Oct. 8, 1901, are now
ready for delivery, See notice on page x. The basis of
exchange is shown on page 85 of the I nvestors ’ S u m .euknt,
—V. 74, p. 820, 834.

THE

M a y 3, 1903.]

CHRONICLE

V61

contrasting with 1 per cent quarterly since February,
1900. In othei words, the rate is advanced from 4 p ercen t
to 0 per cent per annum. The $75,000,000 o f 4 per cent pre
ferred shares were recently converted into comm on stock,
increasing the issue thereof to $155,000,000. T he increased
dividend therefore applies to the entire stock and raises the
annual income to the Northern Securities Co., from its h old
ings o f substantially the full issue, from , say, $6,300,000 to
about $9,300,000. This additional income is equal to threefourths o f one per cent or thereabouts on the $400,000,000
authorized stock of the Securities Company.
P u r c h a s e . — A press despatch sayti the company will pur
M nskegon (M ich .) T ra ction S L igh tin g Co*—Annual chase for $145,000 the W ashburn Bayfield & Iron R iver Ity.,
t
Statement— The follow in g has been furnished us covering extending from Washburn to Bayfield, 115 miles, with
the street railway and electric light departments from April branches 80 miles, w hich was recently ordered by the Court
1, 1901, to A pril 1, 1903, and the gas department from March to be dismantled (V . 74, p. 777). R eceiver Frost has been
authorized by the Court to advertise for bids for the road, to
1, 1901, to March 1, 1903:
facilitate the sale.—Y . 74, p. 681, 380.
E A R N IN G S FOR YEAR 1901-2.
M ohawk & M alone lilt .—New Mortgage.—The company
has filed its new consolidated mortgage to the Guaranty
Trust Co. of New Y ork, as trustee, to secure $10,000,000 o f
3 ^ per cent bonds.—V. 74, p. 830, (130.
M onterey S M exican Lj-ulf R y.—The Supreme Court of
t
New Mexioo is said to have rendered a unanimous decision
sustaining the claims o f the A m erican creditors for sums ag
gregating, it is said, about $500,000 in gold, the largest oredi
tor being form er General Manager Joseph A . Robertson of
Monterey, Mex.
These cases have been in the Mexican
courts for a period of years.—Y. 73, p. 337.

8 t. Ry.

Gross earnings........ ................ $83,<525
Operating expenses,including
insurance and taxes............ 56,066

El. L igh t. Gas Dept.
Total.
$ 2 8 ,4 1 3 $ 3 1 ,0 1 6 $ 1 4 3 ,0 5 4

17,787

18,989

92,842

Net earnings for year........$27,659 $10,626 $12,027
Bond interest for twelve months............................................

$50,212
25,000

Balance for stock, but expended for improvements —

$25,212

Northern Securities Co.— Increased Income from Stock
Owned.—See Northern Pacific R y. above.
Dividend.—The company on W ednesday declared its sec
ond quarterly dividend o f 1 per cent, payable May 1 to stock
holders o f record A pril 30.
Suits. .—F ollow ing is an index to the suits grow in g out o f
this com pany’s organization :

Stock outstanding, $600,000; bonds, first m ortgage gold 5
per cents, $600,000 authorized, $500,000 outstanding, dated
Mar. 1, 1901, and due Mar. 1, 1931, but su bject to call after
Mar. 1, 1911, at 105; interest payable Mar. 1 and Sept. 1 at
W yom ing Valley Trust Co., mortgage trustee, W ilkes Barre,
Pa. Road is 15 miles in length, serving as a terminal line for
the Grand Rapids Grand Haven & Muskegon R R ., which
extends from Grand Rapids 1o Muskegon, 40 miles. Presi
dent, F. A. Nims, Muskegon; Vice-President, Liddon Flick,
W ilkes Barre.
National ER. of Mexico.— Directors.— The board o f direc
tors is announced as follow s:

(I) U n ited S ta tes vs. N orthern S ecu rities Oo.; t e s t su it under F ed 
eral A n ti T rust A ct. S ee V. 74 , p. 5 77. 428.
<2) S tate of M in nesota vs. N orth ern S ecu rities Oo., in S ta te C ourt fo r
v io la tin g sta tu te s of th a t S ta te and also of F ed era l A n ti-T ru st A ct.
V. 74, p 4 7 8 , 884.
(3) S tate o f W ashington vs. N orthern S ecu rities Co., for an in ju n c 
tio n by th e U n ited Srates, on th e ground th a t th e c a se is w ith in certa in
c o n stitu tio n a l proh ib ition s of th e S ta te of W ash in gton . See V. 7 4 , p.
884.
(4> P eter P ow er vs. N orth ern P acific Ry. Co., regard in g retirem en t
of th a t com p an y’s preferred stock . V. 74, p. 630.
(5) John B. M arquand v s. N orthern P a cific R y ., on ground o f co n 
spiracy. V. 74, p. 380.
(6) M ilton L. B ou d en e t al. v s. G reat N orth ern R y. V. 7 4 , p. 2 6 7 .—
V. 74, p. 884, 776.

E. H. Harriman, President of Southern Pacific Co.
George J. Gould, President of Missouri Pacific Ry. Oo.
W. E. Leeds, President of Chicago Rock Island & Paolflo Ry. Co.
L. F. Loree, President of Baltimore & Ohio RR. Co.
Martin Erdmann and Gordon Macdonald Of Speyer & Co.
Felix M. Warburg, of Kuhn, Loeb & Co.
William G. Raoul, President of the company.
F. B. Drake.
Henry W. Taft, of Strong & Cadwalader, counsel.
Mexican dlreotors: E. N. Brown. Third Vice-President and General
Manager; William Landa y Escandon, Emilio Velasco, and Gabriel
Morton, Vice-President of the road, all of the City of Mexioo.

North Shore RR. (California).— Power Company Bonds.—
See Valley Counties P ow er Co. under industrials below .—
V . 74, p. 830, 327.

New Securities Ready,—See M exioan National R R above.
The readjustment of the Mexican National securities has
been accomplished in a remarkably short space o f time, the
call for deposits having been made last October. Out o f the
$34,830,000 A and B bonds all hut $5,000 have been deposited,
and of the $33,350,000 of stock there is but 3,717 shares out
standing. The new securities, it is expected, w ill be listed
on the Stock E xchange in the course o f the next few days.
Opening o f Standard-Gauge Line.—The opening o f the
Texas-M exican Railw ay Division as a standard gauge road
between Laredo, T ex,, and Corpus Christi, has been set for
June 15. The Monterey Division o f the system it is ex
pected w ill be com pleted as standard gauge during Septem
ber.—V. 74, p. 830, 776.
New Orleans & Carrollton RR., Light & Power Co.—
Change in Control,—See New Orleans R y. Co.— V. 74, p. 94.
New Orleans Ry.—Purchase.—H. H. Pearson, representing
the New Y ork Security & Trust C o., has purchased fo r a c
count o f the New Orleans R y.C o. a m ajority o f the $7,100,000
capital stock of the New Orleans & Carrollton R R . L ight &
Pow er Co. The New Orleans R y. Co. already controlled the
N ew Orleans City R R . and the Orleans R R .
A t the time o f goiDg to press it was learned that all the
street railways, gas and electric-lighting properties o f N ew
Orleans are to be absorbed by the N ew Orleans R y. Co. The
latter is capitalized at $5,000,000 stock and $3,000,000 bonds,
w hich amounts w ill probably be considerably increased. The
street railways are described on page 56 o f the Street R a i l 
w a y S upplement ; for New Orleans Lighting Co. see V. 73,
p. 7 3 5 .-Y .7 4 , p. 738, 681.
New York Central & Hudson River RR.— Vetoed— Gov.
Odell on April 18 vetoed the A pgar and Bedell bills, the first
providing that the use o f steam within the Park A venue
tunnel should be discontinued within three years, and the
cecond, as a general law, aiming to give the com pany the
right to acquire land for the im provem ent o f its N ew Y ork
terminals by condemnation, purchase or otherwise. The
Stranahp.n A ct drawn in the first instance fo r the further
ance of the Pennsylvania Railroad’s tnnnel plans (V. 74, p.
880) will, it is believed, permit the Central to proceed w ith
its plans for the construction o f a loop at the Grand Central
station for the use of suburban electric trains (V. 74, p. 151).
— V. 74, p. 880, 776.
N orfolk & W estern R y.— Change o f Office,— On May 1 the
offices o f the President and the Secretary and Assist. Treas
urer theretofore located at No. 40 Exchange Place, New
Y ork, were removed to the Arcade Building, Market and
15th streets, Philadelphia. The capital stock is now trans
ferred by the A tlantic Trust Co., 39 W illiam St., New York,
and the bonds are transferred and registered by the Mercan
tile Trust Co., 120 Broadway, New Y ork .—V. 74, p. 630, 528.
N orthern P acific R a ilw a y . — Dividend Increased.—The
qnar'erly dividend paid May 1 was
per cent,

Orange S N orthw estern RR.— Bonds.— The Texas R ail
t
road Commission has approved the issuing o f bonds to the
amount of $650,000 on about 30 miles o f constructed line
from Buna to Orange. The capital stock, $200,000, w ill, it
is stated, be reduced by cancellation to $35,000. L. M iller is
President; W . W . R eid, Secretary and Treasurer; C. W .
Hole, General Manager. Office, Orange, Tex.
Ottawa Northern & Western Ry. — A cquisitions.—A t Ot
tawa last week the bill authorizing this com pany to acquire
the Pontiac & Pacific Junction R y., the Ottawa Interpro
vincial Ry. and the H ull E lectric R y. was passed. The bill as
amended gives the com pany the power to sell or lease its
property subject to the approval o f the Canadian Govern
ment in Council.
Sold.—' he Canadian Pacific, it is announced, has pur
T
chased the property fo r a sum stated in the press dispatches
as about $4,000,000.—V . 73, p. 1161.
Pennsylvania RR.— Dividend.—The directors on Thurs
day declared a half-yearly dividend o f 3 per cent, placing the
stock on a regular 6 per cent dividend basis. Last year there
were paid tw o semi-annual dividends o f
per cent each,
and 1 per cent extra in the last half o f the year.—V . 74,
p. 830, 577.
Railroad Securities Co.— “ Stock Interest Certificates”
Offered.—The firm o f Knhn, Loeb & Co. is offering at 943^
and accrued dividend $8,000,000 o f this com pany’s authorized
issue of $30,000,000 4 per cent “ Illinois Central stock interest
certificates, Series A ;” United States Trust Co. o f N ew Y ork ,
trustee. Each o f the certificates is secured by the deposit
w ith the trustee o f $1,000 par value Illinois Central R R . Co.
stock, deliverable on Jan. 1, 1952, to the holder o f each out
standing certificate, unless sooner redeemed, as permitted,
on any Jan. 1 or JuJy 1, at com pany’s option, at 105 and ac
crued dividend. The Illinois Central R R . Co. has paid nine
ty fou r semi-annual dividends in cash upon its share capital,
which now amounts to $79,200,000, 6 per cent per annum
being the present rate. See further particulars in advertise
ment on page xi.
The authorized capital stock o f the Railroad Securities Co.
is $20,000,000, divided into $10,000,000 o f non-cum ulative 4
per cent preferred stock and $10,000,000 o f com m on stock, of
which $2,800,000 o f preferred stock and $5,200,000 o f com m on
stock have been issued. The “ Stock Interest C ertificates’
offered fo r sale replace the 3% per cent collateral bonds
o f 1901 ($10,000,000 authorized) which it was originally pro
posed to issue and which were listed last year on the New
Y ork Stock Exchange.—Y . 74, p. 428.
R eading Com pany.— Rumored Gould Purchases.—See
W estern Maryland R R . below. If it be true, as rumored, that
the Gould interests have been acquiring stock in the com 
pany, the other report appears probable that the interests
heretofore in control have been strengthening their position
by increasing their holdings.—V . 74, p. 681, 479.
Rockaway (N . Y.) Electric Ry.— Mortgage.—The company
has filed a mortgage to the Hamilton Trust Co. o f Brooklyn,
as trustee, to secure $350,000 of $1,000 4 per cent 50-year gold
bonds, to provide for the building o f the proposed trolley line
between Arverne, R ockaw ay Beach, etc. Frederick Cocheu
is President. The company is allied with the Jamaica Turn-

THE

C H R O N IC L E

pike Co. (P. H. Flynn's company), which is building an
eighty loot boulevard from the terminus o f the Kings County
Elevated lift., Liberty Avenue, Brooklyn, southwardly
across Jamaica Bay to Rockaway Beach, The boulevard
over Jamaica Bay is said to be nearly finished, except for a
short ejection of trestle.—V, 68, p, 1036.
R utland lilt - D r Webb Elected President.—Dr. W . Sew
ard Wobb was on Tuesday elected President of the road t o
succeedPerclval W. Clement, resigned,
Guaranty,--T h e directors, it is announed, nave voted to
guarantee the principal and interest o f the
per cent bonds
of the Canada Atlantic By,
Possible Alliance —See Great Northern o f Canada Cousoli
dated Co.—V. 74, p, 884, 728.
St. Louis & G u lf R ailw ay.—Consolidation.— This co m 
pany, incorporated on April 18, with $5,000,000 authorized
capital stock, has absorbed the follow ing lines in which
Louis Houck, of Cape Girardeau, was the leading spirit, viz.:

[Vox. LXXIV.

Goulds, it appears, are abetting, if not financially aiding,
Senator Clark in his project, which is in effect an extension
for the Gould system to the Pacitio coast, and members of
the Clark syndicate are co-operating with the Gould interests
in securing access to the Atlantic seaboard,—V. 74, p, 831, 777.
W ilm in gton (N . C.) Street Ry.—See Consolidated Ry.
Light & Power Co. above.— V. 74, p, 269.

INDUSTRIAL. GAS AN D MISCELLANEOUS.
A m erican A lk a li Co.—IVew D irectors.—A t the annual
meeting on Thursday the follow ing directors were elected,
President A. K. Brown and H. C. Magee being the only m em 
bers o f the old board re elected:
A. K. B row n. J . 8. B ioren. Sam uel G. D e C oursey, H . F. B achm an,
E. O. M iller, II. O. M agee and P. M. Chandler.

The new board, it Is said, proposes to undertake a reorga
nization, probably by form ing a new oompany, with $3,000,000
capital stock, all o f one class, in $5 full paid shares. A
P e m i B calou in e r a \ 8v : , ER::} \
to O aru thersvllle, M o........44
roLulcool t f S eru u v ...........
stockholders’ committee which recently visited the company’s
i£ en n ett & O sceola R t: .K e n n ett to Arbyrd, M o ..................................... 14
tic. F ran cis V alley K tu, Cam pbell to C allgon, M o .................................... 10 plant, reported favorably regarding the outlook for the busiOape G irardeau B loom field & So., B loom field to Zalina, Mo............ . 26 n e s s .-V . 74, p. 885, 831.
W orley & M orehouse KR., M orley to M orehouse, M o......... ............... .. 16
Am erican Car & F oun dry Co.— Earnings.—The results
H oucks' M issouri & A rkansas E B ., Cape G irardeau to M orley, Mo. 26
O larkton B r a n c h ....................................................... ............. ............................. 5 /o r the quarter and 10 months ended Feb. 28 were as below,
The new company is intended to unite these more or less the entire year’s dividend being included for the longer
disconnected pieces or road by or into a line to extend from period:
N et
P refer red
C om m on
B ala nce, Total su rp.
Cape Girardeau through the counties o f Cape Girardeau, 3 rnos. to
ea
g
d ivid en d
dividend.
Feb. 28.
Scott, New Madrid, Stoddard & Dunklin to the Arkansas Feb. 2 8 — $ 7 rn in 4 s. (1%>$ 5 2 5.000 (iel$L 50,000 su rplus. 2 $5,1 8 1 ,0 6 8
1901-02.
8 0 ,6 2
$ 1 0 5 ,6 4
State line, a distance of 125 miles,
1900-01. 9 18,798 (1%) 52 5 ,0 0 0 (hi) 15 0 ,0 0 0
2 4 3,798 4,4 8 5 ,1 4 9
10 mos.
St. L ouis Kansas City & C olorado RU.~-Sold.-~See Chi 1901 0 2 .2 ,8 0 6 ,1 1 8 (7) 2 ,1 0 0 ,0 0 0 (2) 6 0 0 ,0 0 0
106,1X8 5 ,1 8 1 ,0 6 8
cago R ock Island & Pacific Ry. above.—V . 78, p. 83.
19 0 0 -0 1 .3 ,4 6 6 ,0 2 5 ( 7 ) 2 ,0 8 4 ,0 7 5
(2 )5 9 5 ,4 5 0
7 8 6 ,5 0 0 4 ,4 9 5 ,1 4 9
St. L ouis Memphis <e Southeastern HR,—E xtension,—
t
The net earnings in March and A pril, it is stated, were
The last spike m the extension from Poplar Bluff, Mo., to approximately $1,219,000, making total net earnings of over
Pocahontas, A rk,, 52 miles, was driven on April 26, and $4,000,000 for the fiscal year ended A pril 30, Dividend re
through service will shortly be established to the latter quirements were $2,700,000, leaving a surplus for the year of
place from Cape Girardeau, Mo,, 116 miles,—V. 74, p. 268,207 about $1,300,000,—Y. 74, p. 729.
San Pedro Los Angeles & S alt L ake R y.—Alliance with
Am erican Cigar Co.—Purchase.—This company has pur
Gould Interests —
West ern Maryland R R , below .— V. 74, chased and taken over the large cigar factory at Cincinnati
p. 269, 95.
of- the Roth, Bruner & Feist C o.—V. 73, p. 1113.
Seaboard A ir Line Ry.—Stock P urchase—The stockholdings
Am erican Cotton Oil C o.—Proposition Not to Sell.—The
of the Cochran estate o f Yonkers, amounting to about 31,000 stockholders’ committee in a circular says; “ It has been sug
shares ($8,100,000), have been purchased by a syndicate in  gested by some o f the largest stockholders who have signed
cluding the dominant interests in the property and the New the agreement of July 22 and Oct. 16, 1901, that in view of
Y ork banking houses which have recently handled the bonds, the recent large transactions o f the Stock Exchange in this
namely, John L. W illiam s & Sons of Richm ond, V a.; J. W . company’s stock and the m ultiplicity o f rumors connected
Middendorf & Co, of Baltimore. Verm iiye & Co. o f N ew therewith, the interests o f the assenting stockholders will be
Y ork, Hallgarten & Co. o f N ew Y ork; also Ladenburg, Thai- served by a request to tbe Stockholders’ Committee not to sell
man & Co. of New Y ork.— V. 74, p. 773, 776.
the stock at prices named in the agreements, viz.: $60 for
Southern I llin o is & M issouri B rid g e Co — Contract common and $1.05 for preferred, and by an agreement not to
L et.—Contracts have been let for the construction o f this sell their holdings prior to Jan. 1, 1903, except with the con
bridge, which is to span the Mississippi River between currence o f a m ajority.” The depositing shareholders are
Thebes, 111., and G ray’s Point, Mo., affording direct con nec accordingly asked to sign a papsr saying in substance:
We, th e u n dersign ed a ssen tin g stock h old ers, b e lie v in g , in v iew o f
tion between the Chicago & Eastern Illinois and the St. Louis
th e earn in gs of th e cu rren t year, th e In crease o f th e b u sin ess and
Southwestern Ry. (V, 71, p. 1221.)
other causes, th a t th e p rices 105 p er oen t for th e p referred slo c k a n d
Southern Ohio T ra ction Co,—Consolidation.— A fter the 60 per oent for th e com m on stock , do n ot rep resen t the fa ir and tru e
consolidation with the Cincinnati & Northwestern Electric values of su ch stock s, do hereby req u est th a t said com m ittee do n o t
exercise th e p ow ers upon i t conferred by said agreem en t to m ake sa le
R y ., the company will, it is stated, be known as the Cincin a t said p rices, b u t th a t th ey m ake sa le of said stock only w ith th e co n 
nati Dayton & Toledo Traction Co, See V, 74, p. 884,
currence of stockh old ers g iv en a t a m eetin g called in th e m ann er p r e 
scribed in said agreem ent.
U nited R a ilroa d s o f San F ra n cisco.—Strike Off.—The
And w e sev era lly agree to and w ith each other th a t w e w ill n o t sell
strike was ended A pril 26, the company having granted an our resp ective h old in gs of said stock or w ith d raw our assen ts to sa id
agreem en ts prior to J a n . X, 1903, e x ce p t w ith th e con cu rren ce In
advance in wages, a 10-hour day and, in a measure, recog 
Writing of th e holders of a m ajority in am oun t of each class o f sa id
nized the Car Men’s U nion,—V. 74, p. 885, 831.
stock covered b y th is p resen t agreem en t.—V. 74, p. 832.
W abash R R .—E xtension to Atlantic Seaboard.—See West
A m erican M alting Co.—Decision—Directors Not Liable.—
ern Maryland R R . below .—V . 74, p, 479,152.
Vice-Chancellor Pitney, in New Jersey on April 26 decided
W ashburn B ayfield & Ir o n R iv e r R y .—Sale.—See’ North- in favor o f the defendants the suits brought by Richard
Siegman and others against the directors o f the E lectric
ern Pacific R y, above.— Y. 74, p, 777.
W estchester T raction Co., Ossining, N.
M ortgage.— Vehicle Co. (V . 73, p. 495), and by Aaron Appleton against
This company has filed a mortgage to the N ew York Security the directors o f the American Malting Co. (V. 73, p. 238),
& Trust Co,, as trustee, to secure $1,500,009 o f 5 per oent both suits having been tried together, the issues being the
$1,000 bonds dated A pr. 1. 1902, and due Apr. 1, 1932; in same. The Court holds that the law forbidding the payment
terest payable April and October; immediate issue to be of unearned dividends was intended for the protection o f
creditors and that it would be unjust and inequitable for the
$600,000,—V , 74, p. 42S.
stockholders, directly or indirectly, to recover from the di
W estern M aryland R R .—Final A ction Deferred—Rela rectors the very moneys w hich they have already received.—
tions with Reading Co,—The First Branch o f the Baltimore
City Council on A pril 29 passed the ordinance accepting the V . 73, p. 1060, 1063.
A m erican S p irits M anufacturing 0 o —Remanded to State
Fuller syndicate’s bid o f $8,751,370 45 for the city’s interest
in the road, The ordinance provides that the bidders shall Court.—Judge Lacombe of the United States Court on M on
make payment within 90 days and shall connect the road day remanded to the State Conrts fo r trial the suit o f Moritz
with the coal fields o f W est Virginia, Pennsylvania and L, Ernst and other stockholders of the company against its
Maryland. Final action on the ordinance by the Second directors, the Distilling Co, o f Am erica, et ah, to com pel
Branch of the City Council was deferred on Thursday until them to restore the property to its form er condition o f inde
May 5, by a vote o f 5 to 4. for the purpose o f investigating a pendence, on the ground o f misapplication o f assets, misman
published report that the W abash R R , is seeking a Phila agement, etc. A form er suit brought by the same stock
delphia terminal through a traffic arrangement with the holders under the Sherman Anti-Trust A ct was discontinued
Philadelphia & Reading, and that “ a strong Gould repre when the present action was brought. The transfer to the
sentation w ill be found in the Reading’s directorate in the State Court was desired by the plaintiffs to avoid the delay
near future,” George J. Gould and other directors in the incident to the taking of testimony before a Master. • V. 70,
W abash are members o f the Fuller syndicate. The ordinance p. 585.
provides that the Western Maryland shall not be sold to any
A m erican •( B e ll) Telephone & T elegraph Go,—Stock
railroad controlling, owning or operating any line terminat Owned. —The balance sheet o f the old American Bell T ele
phone Co., lately filed with the Massachusetts authorities,
ing in the city o f Philadelphia.
Senator Clark Alliance,-—Published
interviews with shows that of the $25,886,300 o f capital stock all except
R ichard C. Kerens of St. Louis, a member o f Senator Clark’s $10,700 is owned by the American Telephone A Tele
syndicate which is building the San Pedro Los Angeles & graph Co, On the other hand, $33,181,800 of the stock of t he
Salt Lake Ry. from Salt Lake City to Los Angeles, confirm the last-named company is owned by the American Bell Tele
report that the Clark-Gould interests have j oined hands for phone, and is therefore virtually the property of the new com 
the purpose o f establishing a new transcontinental line. The pany.—V. 74, p. 729, 683.

Ma y

TJJ JK vJMKUiN 1(J JLK

3, 1902.]

American Telephone & Telegraph Co*— O u tput.— The
output o f instruments tor the m onth ended A pril 20 in 1902
and 1901 and for the 4 m ouths ended A pril 20 w as:
To A p r il 20

,----- M onth .------ .

15302

1901.

G ro ss o u tp u t (No.)..................... 1 0 3 ,2 1 2

72 3 * 0

N e t output, (N o .)............................ 7 0 ,0 6 6

3 9 ,2 1 9

.---------4 1 onths.------- ,
M

1902.

1901.

3 3 7 ,7 0 5

2 3 3 ,5 0 5

2 3 5 ,7 1 0

165,901

Dr. W arner is President and F . B. Sam mis Secretary and
Treasurer. A n extension o f the mains to S outhport and
Fairfield has been authorized, and the fuel gas plant o f the
Citizens’ Gas Co. (con trolled bv the same interest) w ill, it is
said, shortly be turned into an illum inating gas plan t.—V. 74,
p. 480, 153.

Calumet & Hecla (Copper) Mining Co.— Dividend D e
creased.—The quarterly dividend declared on M onday was
A m erican W oolen Co .—Official Statement as to Strike,— $5 a share, being on ly 20 per cent, as against 40 per cen t in
Treasurer W o o d is quoted in the “ Boston News B ureau '’ January last and 60 per cen t each in A pril, J u ly and O ctober,
o f A p ril 24 as saying:
1901, aud 80 Der cent in Decem ber, 1900. See dividend p olicy
T he w ord '‘str ik e ” Is a p t to c re a te u n w a r ra n ted a p p re h e n sio n In th e outlined in Y . 73, p. 893.— V. 74, p. 42.

T o ta l n u m b er o f In str u m e n ts A p ril 2 0 .................
—V. 7 4 , p. 7 2 9 , 6 82.

2 ,7 6 1 ,7 2 0

2 ,1 1 8 ,7 1 7

m in d s o f sto ck h o ld ers. Of c o u r se strik es n e c e s sa r ily d e la y d e liv e r ie s,
a n d in th is w a y red u ce e a rn in g c a p a c ity for th e tim e b e in g , b u t In our
c a s e th e str ik e In th e P ro v ld e n o e m ills Is n o t w ith o u t Its c o m p e n sa 
tio n . J u s t p rior to th e str ik e w e w ere g ro a tly In n eed o f y a r n , so th a t
th e str ik e o f th e w e a v e r s lia s en a b led u s to p u sh Its m a n u fa ctu re .
F u lly n in e-te n th s o f th e la b o r In th e R h ode Isla n d m ills h as b e e n a t
w o rk p r o d u cin g y a r n , th u s m ore th a n e n a b lin g th o s e m ills to
p a y o p e r a tin g e x p e n s e s . I figu re th a t m ore th a n o n e -h a lf o f ou r
to ta l n u m b er o f lo o m s are ru n n in g , o r s a y In th e n eig h b o rh o o d o f
3 ,5 0 0 lo o m s o u t o f a to ta l o f 6 ,4 9 7 . O f co u rse th e str ik e a t th e W ash
in g to n m ills la u n fo rtu n a te, an d o u t o f 1 ,5 0 0 lo o m s a t L a w ren o e le s s
th a n 1 0 0 Is ru n n in g , a lth o u g h m y l a t e s t r ep o rts in d lo a te th a t th e r e Is
an im p r o v em e n t In th e situ a tio n a t th a t p oin t.
E v e n sh o u ld th e str ik e be p ro lo n g ed u n til n e x t A u g u s t, or e v e n a
y e a r, so m e th in g n o t to b e ex p o o ted a t th is tim e, th e p r eferred stoolc
d iv id e n d s w ill iio t be en d a n g er e d , an d I am co n fid e n t o f b e in g a b le to
sh o w a sa tis fa c to r y rep o rt fo r th e c u r re n t y ea r. T he b u sin e ss is
ste a d ily In cr e a sin g In 1 8 9 9 w e d id a g ross b u sin e ss on th e b a sis o f
$ 2 1 ,0 0 0 ,0 0 0 p er annum ; In 1 9 0 0 , $ 2 9 ,0 0 0 ,0 0 0 ; In 1 9 0 1 , $ 3 5 ,0 0 0 ,0 0 0 .
D u rin g th e co m p a n y ’s b rief e x is t e n c e $ 3 ,5 0 0 ,0 0 0 c a sh h a s b een a d d ed
to th e v a lu e o f th e p la n ts from e a rn in g s, w h ic h In c o n n e c tio n w ith th e
h e a v y e x p e n d itu r e s fo r rep a irs c h a rg ed to cu r re n t e x p e n s e s and th e
$ 1 ,0 0 0 ,0 0 0 ch a rg ed o ff fo r d ep recia tio n , in su re s th e s ta b ility o f th e
p la n t v a lu e s.

The com pany on Thursday ordered the gradual shutting dow n o f the yarn-m aking departments in the Olneyville
Mills at Providence. This measure, it is said, is attributable
to the decreased requirem ents fo r yarn, ow in g to the closin g
o f a num ber o f m ills in other cities because o f the strik e.—
V. 74, p. 832, 534, 527.
A tla n tic P a lp & P a p e r Co., L td., T o ro n to , C a n a d a .—
Stock Offered —Sutherland & Cam eron, o f Ottawa, C an., and
the N ational T rust Co., L td ,, T oronto, M ontreal and W in n i
peg, are receiving subscriptions fo r 8850,000 o f this co m p a 
n y ’s $1,500,000 7 per cent cum ulative preferred stock ; price,
par ($100 per share), one share o f com m on stock to be given
as bonus w ith every tw o shares o f preferred. T he au th or
ized issue o f com m on stock is $1,500,000, A n advertisem ent
contains the follow in g data:
I t is p ro p o sed to e r e c t a t N e w R loh m on d , Q u eb ec, o n t h e B a le d e s
C h aleu rs, a p a p er m ill, w ith a d a ily c a p a c ity o f 5 4 to n s , a gro u n d
w ood p u lp m ill, w ith a d a ily c a p a c ity o f 5 0 to n s a n d a s u lp h ite p u lp
m ill, w ith a d a lly c a p a c ity o f 4 0 to n s , th e e stim a te d c o st,I n c lu d in g th e
d e v e lo p m en t o f th e w a te r p o w er , b e in g $ 9 5 0 ,0 0 0 . T he p r o p e r tie s
a n d lim its a cq u ired c o n ta in a b o u t 8 0 2 sq u are m iles; th e w o o d Is p r in 
c ip a lly sp ru ce. T h e fr ee h o ld p ro p erty c o n sists o f 2 0 a c re s, w h e r e th e
sa w m ill, d w e llin g s a n d office a re s itu a te d , an d 3 5 6 k i a c r e s on th e ban k
o f t h e L ittle C a sca p ed ia R iv e r, w h er e it is p r o p o sed to b u ild th e p u lp
an d p a p er m ills.
Officers: P re sid e n t, W. C. E d w a rd s, o f W. C. E d w a rd s & Co., L td .,
lu m b erm en , O tta w a ; V ic e-P re sid e n t, R Y . E llis. T h e o th e r d ir ec to rs
a r e C h arles H . W a tero u s, B ra n tford ; R. H . T h o m p so n , Buffalo; A . J.
H . E c k h a r d t a n d W . R . P. P a rk er, T oron to; C h arles L y m a n an d J .
W. W ardrope, M on trea l a n d W illiam M. M o ln ty re (G en eral M anager).

B ay State Gas Co. o f D e la w a re .— Reorganization—De
p o s its —Law son, A rn old & Co. o f B oston announce by
advertisem ent that they have consented to form ulate reor
ganization plans in con form ity w ith w h ich legitim ate h o ld 
ers o f the stock are requested to deposit their shares on or
before June 1 w ith the A m erican L oan & T rust Co. o f B os
ton and the Standard Trust Co. o f N ew Y o rk , in exchange
fo r negotiable receipts. A ll stock m ust be approved by the
firm , w h ich w ill refuse deposit to stock dated after A p ril 29.
Shares deposited m ay be w ithdraw n w ith ou t cost up to the
day o f pu blication in Boston and N ew Y ork by the A m erican
Loan & Trust Co. o f notice that Law son, A rnold & Co. have
secured a purchaser fo r all deposited stock at a price n ot less
than $6 per share.
I f the price paid is not m ore than $6, the firm w ill be en
titled to a com m ission o f 25 cents per share, or if in excess o f
that am ount, an additional 12% cents per share fo r each d ol
lar per share additional; the trust com pan y also w ill deduct
3 cents a share fo r its expenses.
A ll stock owned by the Bay State Gas Co. directly or in
d irectly w ill not be allow ed deposit. Mr. L aw son claim s
that the com pany has issued its shares to a total o f $120,000,000, instead of $100,000,000, as com m only supposed, and he
wishes, he states, to reserve for the legitim ate stockholders
participation in liquidation. The com p a n y’s equities in
the Boston gas com panies, he says, “ can p robably, under
certain conditions, be sold for som ething rising $5,000,000
cash or its equivalent.”
Sinking Fund.—An officer o f the M ercantile Trnst C o., re 
ferring to the request fo r proposals to sell $90,000 Boston
U nited Gas bonds,tirst^eeries, to the sinking fund, stated yes
terday that the necessary funds had not yet been received,
but it was supposed paym ent w ould be made. A pril 29 was
the last day for receiving the proposals.—V . 74, p, 886, 832.
B lu e M ountain Iro n & Steel Co. o f B a ltim o r e .—Receiver
Applied F o r .—The application o f W iillam T . R ainey o f
Cleveland, assignee of a m ortgage, for a receiver fo r the c o m 
pany will com e up before Judge M otter in the C ircuit C ourt
at Frederick, Md., on M ay 5. — V. 69, p. 796.
B r id g e p o rt (C o n n .) Gas Co .—New D irectors—The fo l
low in g have been elected directors:
A n th o n y N . B ra d y , O. F . D ie tr ic h , A. B. P r o a l, A. E. D ie tr ic h a n d
C. II. M end o f N e w Y ork , and D r. I. D e Ver W arner, W illiam D.
B ish o p , W. B . I lln c k s and G ood w in S tod dard o f B rid gep ort.

Central Fireworks Co.— New D irectors.— T he num ber o f
directors has been increased from seven to nine and John 8.
Stanton and A. M. P oole elected to fill the new places.— V.
72, p. 841.
Champion Coated Paper Co. of Hamilton, Ohio.— P r e 
fe r r e d Stock Offered.— The U nion Savings Bank & T rnst Co.
and the Germ an N ational Bank, both o f C in cin n ati, Ohio,
and the Second N ational Bank o f H am ilton, Ohio, recen tly
sold at 112% $300,000 o f this com pan y’s n ew $600,000 6 per
cent cum ulative preferred stock. A n advertisem ent said:
T h e co m p a n y Is e n g a g e d c h ie fly In th e m a n u fa c tu r e o f c o a te d or
g la z e d p a p er , used e x t e n s iv e ly fo r m a g a z in e an d p a p er b ook c o v e r s,
e tc . T he p la n t h a s a c a p a c ity o f 2 0 0 ,0 0 0 p o u n d s p e r d a y , c o v e r s a b o u t
1 4 a c re s o f g rou n d an d c o s t to b u ild a n d eq u ip o v e r $ 1 ,3 0 0 ,0 0 0 . T he
p ro ceed s o f a ll o f th e p referred s to c k is n o w b e in g u sed in e x te n d in g
th e p la n t. T h e n e t e a r n in g s h a v e y e a r ly b e e n m ore th a n liv e tim e s
th e a n n u a l d iv id e n d c h a rg e o n th e p r eferred sto c k . T h e c o m p a n y h a s
n o b on d ed or llo a tin g In d e b te d n ess. C a p ita l sto c k : P referred , $ 6 0 0 ,000; com m on , $ 1 ,0 4 0 ,0 0 0 ; th e l a s t rec o rd ed s a le o f th e c o m m o n sto o k
w a s a t $ 4 0 0 per $ 1 0 0 sh a re . P e te r G. T h o m so n Is P r e s id e n t, a n d 8.
M. G ood m an , S ecreta ry a n d T reasu rer.

The com m on stock was increased from $130,000 to $1,040,000 in Decem ber, 1900.
C levelan d & S an du sk y B r e w in g C o.— P u rch a ser.— T his
com pany on A p ril 24 purchased the business o f its lead in g
com petitor, the Schlather B rew in g Co., fo r a sum reported in
Cleveland as about $1,500,000.—V . 66, p. 1188.
C olora d o F u e l & I r o n Co.— Conversion o f D ebentures.—
The 5 per cent debentures issued in 1901 becam e in F eb ru a ry
last convertible in to com m on stock at par at the op tion o f
the holder. O f the $10,000,000 o rig in lly outstanding $931,000,
it appears, have already been con verted, redu cin g the am ount
to $9,069,000.—V . 74, p. 832.
C o n v e rtib le Car Co.— B onds Offered.—This com pan y, o r 
ganized under the law s o f N e w Jersey, has recen tly been o f 
ferin g for sale at par $250,000 o f 5 per cent 30 year first m ort
gage sinking fu n d g old oondg; interest payable Jan. 1 and
Ju ly 1; Easton (P a .) T rust C o., trustee. Subscribers to the
bonds w ill receive a bonus o f 40 per cen t in com m on stock.
A n advertisement says:
B u ild ers of ca rs fo r lo c a l tr a o tio n u n d e r s p e c ia l p a te n ts ; c a r s
c h a n g e a b le from o p e n to c lo s e d c a r s a t a n y m o m e n t d u rin g u se. C ap
ita liza tio n : $ 7 5 ,0 0 0 6 p er c e n t c u m u la tiv e n o n -v o tin g p r e fer re d stook ;
$ 5 0 0 ,0 0 0 com m on stook , f u ll paid a n d n o n -a ss e ss a b le ; b o n d s, $ 2 5 0 ,OOO. T h is bon d issu e is fo r th e p u rp o se of c o n s tr u c tin g a n d o p e r a tin g
a t B lo o m sb u ry , N. J ., a m a n u fa c tu r in g p la n t w ith a c a p a c ity o f 6 0 0
c o n v e rtib le car b o d ies p e r a n n u m .

The office at No. 32 B roadw ay has been g iv en up,
C uyahoga T e le p h o n e Co., C levela n d , O.—S ta tu s.— T he
interest due January 1, on this com p an y’s $2,238,000 ou t
standing bonds ($3,000,000 authorized) remains in d efau lt,
but w ill, it is said, be paid as soon as funds are in hand. T he
expenditure o f $125,000 is contem plated, w ith a v ie w to in 
creasing the business sufficiently to perm it the issue o f $467,000 additional bonds. The earnings fo r the three m on th s
ended M arch 31, 1902, are reported as fo llo w s : Gross, $92,368; net, $40,460; interest on bonds, $18,912; balance, surplus,
$21,548. See Federal Telephone Co. b e lo w .—V . 74, p. 42,
D is tillin g Co. o f A m e r ic a .— L itig a tion .— See A m erican
Spirits M an ufactu rin g Co. a b ove.—Y . 74, p. 777, 682.
Eastman Kodak Co. o f New J e r s e y .— S tatus,E arnings,E tc.
—W e have been fa vored w itn the fo llo w in g official state
m en t:
“ This com p an y was incorporated Oct. 24, 1901,
under the law s o f N e w Jersey, and expects w ithin the n ext
fe w m onths to absorb the three existing com panies, v iz .:
K odak L im ited (V . 67, p. 1160, 1207), Eastman K odak Co.
and G eneral A risto Com pany (V . 69, p. 387). The n ew co m 
pany was incorporated to acquire the capital stock of or
absorb the follow in g m an u factu rin g and selling corp oration s:
“ K od ak . L im ite d , L ondon; E a stm a n K o d a k Go., R o c h e ste r, N . Y .,
an d th e G en eral A r isto C o., R o c h e ste r, N. Y.; h a v in g fa c to r ie s a t
R o c h e ste r, N. Y ., J a m e sto w n , N . Y .. a n d H a rro w , E n g la n d ; a lso th e
E a stm a n K odak S o e le te A n o n y m e F ra n o a ise, o f F ra n ce, an d K o d a k
G e s e llse h a ft m . b. H , o f B erlin , t h e a b o v e c o m p a n ie s h a v in g h e a d 
q u a rters in R o ch ester, L ond on, P a r is a n d B e r lin , an d b r a n c h e s in
N e w Y ork C ity, O hioaeu, Ban F r a n c isc o , L iv e r p o o l, G la sg o w , B r u s s e ls ,
L y o n s, M ilan, V ien n a , M oscow , St. P ete rsb u rg a n d M elb ou rn e.

“ Tibe authorized capital stock o f the new com pan y consists
o f $10,000,000 5 per cent cum ulative preferred and $25,000,000
com m on stock ; o f w h ich $4,673,100 preferred and $15,004,500
com m on are to be issued fo r the above purchases. D ividends
on the preferred stock are payable quarterly, 1% per cent on
January, A pril, J a ly and O ctob er 1st. T ransfer agents for
A m erica, A llian ce Bank, R ochester, N. Y .; R egistrar, S ecur
ity Trust Co., R ochester, N. Y.
“ The com bined earnings o f these com panies have been as
follow s fo r the year ending Dec. 31:
1 9 0 1 ..................................... $ 2 ,5 0 2 ,7 0 2
1 9 0 0 .................................... 2 ,2 7 9 ,0 8 2
1 8 9 9 ..................................... 1 ,6 2 9 ,2 0 8

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

THE CHRONICLE,

940
“ The d irectors (and officers) are as follow s:

“ G eorge E a stm a u (P resid en t), R o ch ester, N .Y ; H en ry A. S tro n g (1 st
Vloe. P resid en t a n d T rea su rer), R o ch ester, N. Y.j O ca r les 8. Abbott
(2 a Vic-. P r e sid e n t). Jam estovr a, N v , W alter S. liu b b e l l (S e c re ta ry ),
R o ch ester, R. V.; L iiw in O . S a g e, R o c h e ste r, N. Y.; G eorge B llw & nger,
R u oneater, N. Y.; W illia m H C orbin, J e r s e y C ity , N. J.; S ir J a m e s
P en d er, L o n d o n , E n g la n d ; Tire R ig h t H on . L ord K e lv in , L o n d on ,
E n g la n d ,

“ A nnual M eeting.— The first Tuesday in A pril, A m erican
office N o, 3d3 State St,, R ochester, N , Y*” -**Y* 73, p. 1114,
E le ctric V eh icle Co. ■Decision, —See A m erica n M alting
Co. above. 8ee also V , 73, p. 495.
C oupon P aym en t.- The cou p ons due M ay 1 w ere paid
through the M orton T rust C o.— V . 74, p, 98,
E q u ita b le Gas & E le c tr ic Co. o f U tica. — C onsolid ation .—
See U tica E lectric L ight & P ow er Co. b elow .
F ed era l T elep h o n e Co.—Sale.— On A p ril 16 the stock o f
the Dayton T elephone Co, and 2,200 shares o f the C olu m bu s
citizens’ Telephone Co. ow ned b y the F ederal T elephone Co.
w ere sold fo r $90,000 and $99,000, respectively, to residents,
it is understood, o f the tw o cities nam ed, these bein g represented by A . G . R eber, Jam es B a rlow , F . A . Davis, Cyrus
H alin g in the case o f the D ayton prop erty, and by F , A .
Davis, H enry Lanm an, Cyrus H a lin g and E. R , Shart in the
case o f the C olum bus com pan y.
O perating C om panies,—T h e num ber o f telephones In oper
ation at the exchanges o f the con trolled com panies on F eb.
1, 1901, and Feb. 1, 1902, and the proportion (percent) o f the
stock o f each local com p an y recen tly ow n ed by the Federal
T elephone Co. is reported u nofficially as fo llo w s:
,— T elep h o n es .— >
Feb.

Feb.

1901.
A k r o n .. ........................................ .............. ...............................
B o w lin g G re en .................
300
C o lu m b ia n a C o u n ty .............. ............................. . . . . . 1 , 8 6 3
C o lu m b u s (see a b o v e ) . . . , . . . . . . ..............................4 ,6 3 4
F r a n k lin C o u n ty .............................................................. ..
O u y a b o g a ................................................... . . . . . . . . . . . 6 , 0 3 5
D a y to n (see a b o v e )..................................................................
D e t r o i t ( n o t o p e r a t e d ) .. .. .. . .................
....
D u n k i r k . . . . . ........ ......................... ............... ...................... ..
F in d l a y .........................
688
F o s to r ia ...................................................
474
L a n c a s t e r .. .. . ............................................................... 3 5 0
L i m a . . . . . . . . . . . . . . . . .........
655
L o g a n ......................................................................................... ..
M an sfield ........................... ........................................ .................
M a s s i l lo n ........... .....................................
584
P o r ts m o u th ...................................................................... 6 5 6
S h e lb y .......... ........................................................
342
S ta rk C o u n ty ................ ............................................................
U . 8. T e le p h o n e Co. (lo n g d is ta n c e lin e s ) . . . . ............
W i ll o u g h b y ..............................................................
126
Y o u n g s t o w n .................
1 ,2 2 7
Z a n e s v ille ..........................
....

1902,

E xch an ge —

603
2 ,3 3 9
5 ,9 1 7
580
9 ,6 0 6
....

90
968
711
760
845

mm
m :m

1 ,4 5 8
894
913
533
1 ,3 7 8
.

..

146
1 ,7 5 2
1 ,2 1 6

Stock
Owned.
P . Ol.

50
95
95
80
'8 0
70
80
100
96
80
100
80
100
90
80
<i)
(1)

85
100
80
90
85

[You L X X IV .

purpose o f assuring the p u blic that the com p an y’s affairs are
sound n otw ithstanding the extraordinary beh avior o f the
stock, w h ich sold this w eek as high as 199, fell to 85, and
closed yesterday at 89, President H oadley says:
T h e b rea k o n T h u rsd a y w a s p r e o ip ita te d b y th e liq u id a tio n o f a n i n 
sid er, w h o h ad agreed n o t to s e ll y e t , b u t w h o eo u ld n o t sta n d th e a l
lu r in g te m p ta tio n . W h en I w a s In form ed t h a t t h e sto o k w a s b e in g
fr e e ly so ld a n d th e b e s t offers w ere 1 8 8 , X s e n t w o rd to b u y a ll th a t
w a s offered , a n d X to o k c o n sid e r a b le a b o v e 1 9 0 . T h en i t c a m e in su ch
la r g e a m o u n ts th a t I c o u ld n o t ta k e a n y m ore.

He also is quoted as stating that som e $2,000,000 p re
ferred stock o f the A m erican L ocom otiv e Co. received in
exchange for the R h od e Island L o co m o tiv e Co. is still in tact
in the treasury.
D irector R esign s.—Cyrus Field Judgon lias resigned from
the board. Mr. Judaon is President o f the General Carriage
C o., in w h ich M r, H oadley and his friends recen tly becam e
interested, and w hose stock participated in the late rem ark
able speculation, its price rising fro m about 1 on A p ril 16 to
20% on the 29th, and fallin g back to 4 on Thursday, closin g
yesterday about 5 % .— V. 74, p. 832.
In te r n a tio n a l S a lt Co.— Neiv S ecretory.— H enry S. F lem 
ing has been appointed S ecretary.—V . 74, p. 382, 830,
In ter-S ta te In d e p e n d e n t T ele p h o n e & T e le g ra p h C o,—
M ortgage.—' his com pan y, w h ich was in corporated in New
T
Jersey on N ov. 7, 1901. w ith $8,000,000 authorized capital
stock in $100 shares, and which, purchased the real and per
sonal property o f the N orth W estern Telephone Co. of
Illinois, su b ject to a m ortgage fo r $500,000 (dated N ov. 1,
1900), recen tly m ade a m ortgage o f its o w n to the A m erican
Trust & Savings Bank o f C hicago as trustee. A co p y o f the
m ortgage n ow at hand show s that the m ortgage is fo r the
total authorized am ount o f $50,000,000, and that the bonds
are $1,000 g old 5 per cents, dated Jan. 2, 1902, and are due
Jan. 2, 1927, b u t are su b je ct to call f c r the sinking fu n d
w h ich begins in 1906 at 105 and interest. Other facts fo llo w :
Of tho authorized issue *500,000 can be issued only in exchange for the bonds
of the North Western Telephone Co. The new bond s may bo used to meet
cost of additional property, improvements and extensions to an amount at par
not exceeding the bona fide cost thereof. On account of the purchase o f prop
erty already constructed the bonds may bo issued to an amount at their par
value not exceeding one-half of the estimated value thereof. Similarly, for
the purchase o f the capital stock of solvent companies having no bonded debt,
the stock to be purchased must be fairly worth double the amount o f bonds
given in payment therefore. Beginning in 190(5, a sum equal to 12^6 p. c. of the
net income is to be appropriated to a sinking fund.

H enry H , Evans is P resident and E. R. C onklin, Secretary,
A urora, 111. See V. 73, p. 1210, 1064.
L in c o ln (111.) W a te r L ig h t & P o w e r C o.—R eorganiza
tion Plan.—T he first m ortgage bondholders’ com m ittee, c o n 
sisting o f C. E. K im ball, G . C. Sherman and E, D. Shepard,
in a circular, say in part:

A d e c re e o f fo r e c lo s u r e in th e s u it o f th e A t la n t ic T r u st Oo. i s a b o u t
to be en te re d , a n d sh o u ld th is c o m m itte e a c q u ir e t h e p r o p e r ty a t th e
The F ederal T elephone Co. in F eb ru a ry last ow n ed $1,- a p p ro a c h in g s a le , it is p r o p o sed to o r g a n iz e a n e w c o m p a n y w it h a
269,500 o f the $5,787,000 outstanding bonds ($8,840,000 author c a p ita l sto o k n o t e x c e e d in g $ 2 5 5 ,0 0 0 a n d an is s u e o f $ 7 5 ,0 0 0 p rio r
n
or
ge 5 e cen
s,
ee m a b
t
p le
o
ized ) and $5,955,806 o f the $7,078,000 Issued stock and pool re lie m pmn y tgta p ar. pTr e se t ob o n da n dr ed e c a sh len ahta nh e w illa su r e id f th e
co
a
a
h
b nds
th
o
d
p r o v e fo r
ceipts o f the operating com panies. See statem ent o f earn n e c e s s a r y im p r o v e m e n ts, e tc.
A s s e n tin g b o n d h o ld ers w ill r e c e iv e , t o r e p r e se n t p r in c ip a l a n d u n 
ings, etc,, in V . 74, p. 429.— V . 74, p, 580, 481,
p a id in te r e s t t o J u ly l , 1 9 0 2 , fo r e a c h $i,OOO b o n d n e w sto o k t o th e
G en era l C a rria g e C o.— See International P o w e r C o. b e  a m o u n t o f $ 1 ,4 0 0 ; $ 1 8 2 ,0 0 0 o u ts ta n d in g b e n d s w o u ld r e c e iv e n e w
sto ck , $ 2 5 4 ,8 0 0 . T h e g r o ss e a r n in g s from S ep t. 1 7 to D eo . 3 1 , 1 9 0 1 ,
lo w ,— Y . 74, p. 886, 481.
w e r e $ 9 9 ,2 4 9 ; n e t o v e r t a x e s , $ 4 9 ,8 6 2 ; p a s t d u e r e n ta ls c o lle c te d
G ran d C rossin g T a ck Co., C h ica g o.— New M ortgage.—This fro m o ity , e tc ., $ 6 ,6 4 1 ; t o t a l, $ 5 6 ,5 0 3 ; p aid fo r e x t e n s io n s a n d n e w
com pan y, about to bu ild a new plant to cost $500,000, has p r o p e r ty , $ 1 4 ,3 4 5 ; ju d g m e n t a n d r e c e iv e r s ’ c e r tific a te s , $ 2 5 ,3 8 3 ; b a l
m ade a* m ortgage to the C hicago T itle & T rust C o., as a n c e o n h a n d , $ 1 6 ,7 7 5 .

Deposits o f bonds m ust be m ade on or b efore M ay 20 w ith
the A tla n tic T rust Co. D epositors have the privilege up to
and in clu d in g M ay 10 o f su bscribing at 95 and interest to any
part o f $50,000 o f the said p rior lien bonds.
L it t le W o lf R iv e r (In d e p e s id e n t) T e le p h o n e Co., F o n d
d u Lac, W ls .—-Receiver,— F rank H . Sw eet o f F on d dtt L a c
T h e s it e o f t h e n e w p la n t w ill h e o n th e 5 0 ao res o n th e e a s t sid e o f was appointed(receiver on A p ril 24, the com p an y bein g in 
t h e C a lu m e t E lv e r b e tw e e n 1 1 8 th a n d 1 2 0 th s t r e e t s , r e c e n t ly p u r  solvent.
c h a se d f o r 8 1 2 5 ,0 0 0 . T h e p la n s e m b r a c e 1 2 b u ild in g s, c o n ta in in g 70,OOO sq u a r e f e e t o f floor sp a ce . T h e p la n t w ill in o lu d e a n o p en -h ea rth
M ad ison C ou n ty (N . Y .) Gas & E le c tr ic Co.— R onds
s t e e l d e p a r tm en t, a r o llin g m ill fo r t h e m a n u fa c tu r e o f s t e e l b ille ts , Offered — L aw ren ce B arnum & Co. o f this city offer at 108
w ith a ll t h e r eq u ire d a c c e s s o r ie s . I t i s e x p e c te d a p a r t o f th e p la n t
and interest $150,000 o f this com p a n y’s first m ortga ge 5 per
w ill h e in o p e r a tio n b e fo r e th e c lo s e o f t h e y e a r.
cent g old bonds. A circu la r says:
I n la n d S teel Co. o f C h ica g o .— New Stock.— The com pan y
nds
1
due J n
b u t su b c
c
t
has increased its capital stock fro m $1,500,000 to $2,000,000,— 1 1B oan d id a terde sJ a n . t1e,r e9s0 2 ,a y a b le aJ a. n1 ,1 9a3 2 , J u ly 1, a tjeN t r t o A a lle a i
0
n te
t ; in
tp
. 1 nd
o th m r
V. 72, p. 939.
c a n T r u st C o., N e w Y ork , T ru stee. T h is c o m p a n y h a s r e c e n tly a c 
pu ha
th v
s
ie o trio lig h t
t
In te r n a tio n a l B e ll T e le p h o n e C o.—Decrease o f Stock.— q u ireda, b y. Y ., rcn d se a n e stoa lu a b. le . g aC a a n d l esto o k , $ 2 0 0 ,0 0p la n tsn das,
O neid N
a
C a
ta , N Y
p ita
0; bo
The shareholders w ill v ote M ay 7 on proposition to reduce $ 2 0 0 ,0 0 0 . N e t su r p lu s in 1 9 0 1 w a s o v e r tw ic e th e in t e r e s t o n th e e n 
the capital stock fr o m $500,000 in $50 shares to $250,000 in tir e is s u e o f b o n d s. P o p u la tio n se r v ed , 1 6 ,7 0 0 .
shares o f the par valu e o f $25.—Y . 78, p. 289.
See fu rth er data in advertisem ent on page x.
In te r n a tio n a l P o w e r C o.~ Purchase, Etc.—' he com pany
T
M cC lou d R iv e r E le c t r ic a l P o w e r Co., Shasta C ounty, Cal.
announces b y advertisem ent its acqu isition o f exclusive —Contract — This com pany has placed a con tract w ith the
m an u factu rin g rights fo r all vehicles o r apparatus m an  B u llock E lectrica l M an u factu rin g Co. o f C incinnati fo r the
u factu red under som e 69 patents granted to R u d olp h M. electrical equipm ent o f its proposed plant, w h ich is to have
H u n ter from 1885 to 1895. The com pany has also entered a capacity o f 10,000 horse p ow er. The pow er com p an y is a u 
in to a close trade alliance w ith the A m erican O rdnance Co. thorized to issue $1,500,000 capital stock in ten-dollar shares,
(see Y . 74, p, 682). Interests identified w ith the com pany are and is offering at par and interest a lim ited am ount o f an
also reported to have purchased all the proper! ies o f the M errill issue o f $600,000 30-year 5 per cen t $500 g o ld bonds, secured
A ir Brake Co. o f B rook ly n and con trol o f the A m erican b y m ortgage to the U n ion Trust Co. o f San Francisco as
Diesel Engine Co. The com p a n y’s officials disregard re  trustee. D irectors:
R o b er t G ib son , H e n r y B . T w o m b ly , W illia m R . A . W ilso n a n d G eorge
quests fo r in form a tion as to reports such as the foreg oin g .
D ividend.— In addition to the regular annual dividend o f 6 H . F r o e to r o f N e w Y ork; A. F . J o h n s , S a n F ra n cisc o ; A, H o& kheim er,
W illo w s, Cal.; L. 8. B a r n e s, R e d d in g , Oal.
per cen t on the pref. stock , payable May 20th, the d irectors
M r. P roctor is President, N ew Y o rk office, 27 W illia m Si.
last w eek declared an additional dividend on the preferred
M o n tre a l L ig h t, H eat & P o w e r C o.— AppHea tion. —The
shares o f 2 % per cent, out o f the earnings fo r the quarter
ending A p ril let, 1902, consequent u pon the declaration o f a N ew Y ork S tock E xch a n g e has been asked to list $17,000,009
stock.— V . 74, p. 683, 580."
dividend on the com m on stock payable M ay 20.
N a tio n a l A sp h a lt Co .—Status o f G u aran ty F u n d — .{'ho
Investigation. — H arvey Fisk & Sons announce that at the
request o f President H oadley, o f the International P o w e r C o., Land T itle & Trust Co,, custodian o f the $6,000,000 guarantee
th eir firm w ill at once m ake an exhaustive exam ination o f fu n d created D ec. 81, 1900, b y the National A sphalt Co. for
the con dition o f that com pany. This exam ination is fo r the the benefit o f the $80,000,000 collateral g old certificates of

trustee, to secure $800,000 o f 6 per cent im provem ent bonds,
running thirteen years. T he new bonds, it is understood, are
su b ject to the prior lien o f $150,000 o f 6 per cent bon ds dated
Ju ly 1, 1899, and due J u ly 1, 1909, secured b y m ortgage to
the S ecurity T itle & T rust C o., as trustee. T he “ C hicago
T ribu n e” says:

May 3, 1002.]

IHE

CHRONICLE

941

the Asphalt Com pany o f A m erica, and for oth er purposes, Net earnings In 1900. $313,288; In 1901, $251,983, a lire having re
duced ilie earnings In 1901. The company proposes to build 100 ad
has issued a loDg statement o f its relations w ith the fund, t o  ditional ooke ovens in 1902 and a further 100 lu 1903.
gether with tabular exhibits sh ow ing how the fu n d has been
The President Is W m . B. C am pbell; Secretary and Treas
applied. The “ Philadelphia T im es” o f May 2 gave this
urer, E dw ia H enderson; office, A rcade B uildin g, P hilad el
statement at considerable length. The securities held under
the trust agreem ent o f July 15, 1830, to secure the gold c e r  phia.
Pottsville (P a.) H ub C o.— Purchase.— V erner & C o., o f
tificates, remain unchanged (see list in V . 70, p 998). The
securities and cash held under the trust agreem ent o f Dec. Philadelphia, recently purchased con trol o f the P ottsville
Gas Co. and the P ottsville E lectric Co. fo r a clien t o f theirs,
81, 1900, are stated as follow s:
but as yet there has been no plan form ulated fo r issuing new
TKD8T FOND OF DEC. 31, 1900—INVESTMENT PORTION.
stock or m ortgages.
/------- Dee. 31, 1900.------- . May, 1902.
Par.
Act. Value. Par value.
Consolidated Paving Co................$ 1,600,000 $1,500,000 $1,500,000
Asphalt Co. of Amertoa collateral
gold certlHoates.......................
398,000
286,500
398,000
Glison Asplialtum Co. first mort.
gold 5s, due July 1, 1925............
132,900
132,900
275,000
Cash................................................... 1,080,540
1,080,540
14,725

Pressed Steel Car Co.— Injunction Dissolved.— V ice-C h an 
cellor Stevens, at Jersey C ity on Thursday, dissolved the
tem porary in ju n ction recen tly obtained b y J a cob R u bin o and
associates. See V. 74, p. 835.

Rubel Paper & Lithographing Company, Nntley, N. J .—
Bonds Offtred.—The Federal Trust Co. o f N ew ark recen tly
Total............................................ $3,111,440 $3,000,000 $2,187,725

TheTremalnlng $8,000,000 o f this trust fund is Invested in notes o f various
o f the subsidiary companies.

O f the $1,080,540 cash in the fu n d on D ec 31, 1900, there
was draw n out,as perm itted by the trust agreem ent, as a loan
tow ard payment o f interest on the collateral g o ld certificates
due A p ril 1, 1901, $745,709, o f w hich $560,000 was afterw ards
returned to the fu n d; and fo r interest due O ct. 1, 1901,
$745,769, m aking a net loss to the fu n d o f $931,536; a further
$142,100 was invested in the purchase o f $142,100 additional
G ilson A sphalt Co. 5s, leaving a balance o f $6,902. A n item
o f $7,823 interest received brings the cash on hand up to
$14,725. O f the $30,000,000 collateral gold certificates $70,173
have been redeem ed (and canceled) by the sinking fu n d ,—
V . 74, p. 887, 730.
Nevada Tower Light & Water Co.—Bonds.—The share
holders recently authorized the m aking o f a m ortgage to
secure $300,000 o f 6 per cent 30-year bonds to p rovide fo r im 
provem ents and retirem ent o f outstanding obligations. T he
plant is located in R eno, and consists o f w ater-w orks, ice and
cold storage plant and an electric distributing system , w hich
handles the current o f the Truokee R iver G eneral E lectric
Co. (see V . 69, p. 1016), the same interests con trollin g both
companies. Office, 520 Market S t., San F rancisco.
N ew Orleans Lighting Co.—Amalgamation.—See N ew
Orleans R y. Co. on page 937.—V . 73, p. 725.
Northern California P o w e r Co.— Consolidation.— This
com pany was recently in corp orated in C alifornia w ith
$2,000,000 authorized capital stock in $20 shares, to purchase,
it is understood the fo llo w in g com panies :

offered 1or sale at 101 and interest this com p a n y’s $250,000 o f
first m ortgage 6 per cen t 20 year bonds, dated A pril 1, 1902,
and due A pril 1,1922, w ith guaranty o f paym ent o f prin cipal
at m aturity endorsed on each bond by the Federal T rust C o.,
trustee. Denom inations, $100, $500 and $1,000.
Shelby Iron Co .—E xtra Dividend .— A dividend o f 5 per
cent and 5 per cen t extra has been declared, payable M ay 15,
on stock o f record M ay 1, 1902.—V . 69, p. 1066.
Steamship Amalgamation.— Further Particulars.— Ism ay,
Im rie & Co. announced as follow s in L iverp ool on A p ril 30
the relations o f the W h ite Star Line, o f w h ich they are
managers, to the “ International Steamship C o .,” as the p ro
posed holding com pany m ay perhaps be called:
T h e W h ite S tar L in e en te re d in to a p r o v isio n a l a g r e e m e n t w ith th e
M organ C om p any in F eb ru a ry , w ith th e o b je c t o f s e c u r in g c o m m u n ity •
o f in te r e s t b e tw e e n th e A m e ric a n , A tla n tic T ra n sp o rt, D o m in io n , L ey lan d , R ed S tar and W h ite S ta r lin e s . T h e a g r e e m e n t w a s b in d in g o n
th e W hite S tar L in e, b u t i t w a s o p tio n a l as r eg a r d s Mr. M organ u n til
A p ril 3 0 . Mr. M organ to -d a y h a s g iv e n n o tic e t o th e W h ite S ta r L in e
ot h is in te n tio n to e x e r o is e th e o p tio n an d o f p r o c e e d in g w ith th e
a g r ee m en t. I t is n o w in o rd er fo r th e a g r e e m e n t to b e su b m itte d to
th e sh a reh o ld ers o f th e W h ite S ta r L in e a n d oth er c o m p a n ie s, th e c o n 
firm ation r estin g a b s o lu te ly in th e sh a re h o ld e r s' h a n d s. T h e sh a re 
h o ld ers o f th e W h ite S ta r L in e w ill m e e t in M ay.

The “ Shipping G azette” o f L on d on says it is authorita
tively inform ed that w h ile there w ill be no sale o f W h ite
Star shares, there w ill be an exchange o f these shares fo r
those o f the new com pany.
The position o f the tw o great G erm an lines is stated in
H am burg as below :
U n d er th e a g reem en t, it is cla im ed , th e G erm an lin e s h a v e p r e se r v e d
th eir in d ep en d en ce in e v e r y r esp e o t. T h e s y n d ic a te is b o u n d n o t to

The Keswick Electric Power Co., Redding Water Co., Redding Elec sen d a sh ip to a n y G erm an h a rb or w ith o u t p e r m issio n o f th e G erm a n
tric Light & Power Co. and the Tehama County Electric Light Co. of lin e s , w h ich in tu r n b in d th e m s e lv e s n o t to in c r e a se th e ir p r e se n t
Red Bluff.
trafl&o from E n g la n d to th e U n ite d 8 t a t e s b e y o n d a c e r ta in fix ed

The shareholders w ill vote at 1804 M arket St., San F ra n 
cisco, M ay 26, on a proposition to issue $1 000,000 bonds.
D irectors: H. H. N oble, President, James Coffin, V ice-P resi
dent, A . Borel, Treasurer, E dw ard Colem an, and E. E.
Shotw ell.
Ohio S teel Co —Called Bonds.—See U nited States Steel
Corporation below .

Old Dominion Iron & Nail Works, Richmond, Va.—

p o in t. M any oth er c la u se s in th e a g r ee m en t aim a t p r e v e n tin g co m 
p e titio n b e tw e e n th e sy n d ic a te an d th e G erm an lin e s.
A c o m m ittee is to b e fo rm ed , c o n s is tin g o f tw o r e p r e s e n ta tiv e s o f th e
sy n d ic a te and tw o r e p r e s e n ta tiv e s o f th eJG erm an lin e s , fo r th e s e ttle 
m e n t o f a ll q u e stio n s c o n c e r n in g th e ir m u tu a l in te r e s ts . T h is co m 
m itte e w ill h a v e n o e x e c u tiv e p o w er, and a n y d ifferen ces in c o n s tr u 
in g c la u se s o f th e a g r ee m en t m u s t be su b m itte d to a r b itra tio n .
T h e d u ration o f th e a g r e e m e n t is lim ite d to t w e n t y y e a r s , b u t e ith e r
sid e m a y te r m in a te it a fte r t e n y e a r s, or d em a n d a r e v is io n o f th e
c o n tr a ct an d w ith d r a w i t if r e v isio n is r efu sed .

A press despatch from A m sterdam says that at a m eeting
stock was purchased last A u gu st b y John L. W illiam s & o f the shareholders o f the H ollan d -A m erica Line held in that
city on A p ril 29, a circu lar was subm itted d eclaring the ad
S ods o f R ich m on d, has filed a m ortgage to the R ichm ond
Trust & Safe Deposit Co,, as trustee, to secure $500,000 o f 30- vantage o f jo in in g the com b in e. It is stated quite positively
that the $50,000,000 syndicate w h ich is to u nderw rite the
year $1,000 gold bonds, dated A pril 1, 1902, to provide fo r the
International Steamship C om pany w ill receive in return new
present indebtedness and fo r im provem ents and extensions.
securities as follow s: $50,000,000 in new 5 per cent bonds,
The greater part o f the $200,000 6 per cent bonds due in
$2,500,000 new preferred stock and $25,000,000 new com m on
1908 have already been bou g h t in by the com pany. The
stock. The syndicate, it is said, w ill continue operative u ntil
directors are:
January, 1904, unless previously dissolved by the managers.
G.
V. Lewis (President), E. L. Bemlss (Vice-President), Arthur B- The capitalization and vessel tonnage o f m ost o f the lead
Clarke (Secretary and Treasurer), R. M. Blakenship (General Superin.
tendent), J William Middendorf, R. L. Williams, F. C. Todd, L. M. ing steamship lines affected directly or in d irectly b y the plan,
Williams and Fred. E. Nolting.
were given last w eek (page 888)
T he W ilso n line, w e are
The com pany ow ns a large plant on Belle Isle in the James now inform ed, has 85 vessels bu ilt and bu ildin g, w ith aggre
River. The business was established about six ty years ago. gate tonnage 187,893; in North A tla n tic service 10, aggregate
F rom 1886 to 1888 the cash dividends aggregated over 8 per tonnage 45,126. The A tlan tic Transport Co, fo r 1901 paid
three quarterly dividends o f 2 14. Per cen t each, but n o action
cent per annum; the present rate is 7 per cent.
Plymouth Cordage Co.—New Stock.— The shareholders on has been taken on a dividend fo r the last qu arter; a stock 
A pril 29 approved the proposition to increase the capital holders’ m eeting has been called fo r M ay 5.—V . 74, p. 888.
Swift Refrigerator Transportation Co.— Bonds, E tc .—
stock from $1,0,0,000 to $1,500,000 b y sale at par ($100 a
share) to present stockholders, paym ent to be m ade 40 per The First National Bank o f C hicago recently placed at par
per
cent July 19 and 60 per cent Sept. 19. A quarterly dividend and interest this com p a n y ’s new issue o f $1,000,000
cent bonds, dated March 1, 1902, and m aturing in series
o f 2 per cent was paid last week.
Pocahontas Collieries Co.—New C orporation—New Con $100,000 yearly on J n ly 1 fro m 1903 to and in cluding 1912.
trol.— This com pany, incorporated under the laws of Interest is payable in C hicago Jan. 1 and J u ly 1 at the First
N ew Jersey on A pril 18 w ith $4,500,000 o f capital stock, National Bank. The m ortgage covers 1,673 dressed-beef re
o f w hich $1,500,(00 6 per cent cum ulative preferred, frigerator cars, also an assignment to the trustee (the
has acquired the entire $1,200,000 stock o f the Pocahontas A m erican Trust & Savings Bank o f C hicago) o f a con tract
Collieries Co. o f Ya. The last-named com pany is, next to the dated M arch 1, 1902, betw een the T ransportation Com pany
Pocahontas Coal & Coke Co. (controlled by the N orfolk and S w ift & Com pany, by w h ich the latter agrees to use the
& W estern R y ,), the principal com pany in the Pocahontas cars, the interest to be paid and the bonds retired out o f the
The T ra n sp orta
coal field, its property em bracing the entire city o f P ocahon rental receiveable under this con tract.
tas and all its pu blic works, 7,208 acres o f fine Pocahontas tion Company is g M aine corporation w ith $2,000,000 capital
coal, 800 coke ovens, etc., etc. A n issue o f $1,250,000 o f first stock, on w hich 12 per cent has been paid yearly since organ 
m ortgage 5 per cent 35 year sinking fund collateral trust ization, and a total funded debt, in clu d in g this issue, o f $1,bonds has been placed by Kean, V an Cortlandt & Co. o f this 408,240, coverin g in all 4,726 cars. The report fo r 1901 show s:
Gross earnings, $1,275,362; operating expenses, repairs, etc.,
city. Further facts fo llo w :
$640,824; balance, $684,538 — V. 74, p. 684.
The aforesaid coal lands are held under lease from the Flat Top Coal
Land Association, the lease running until July 1, 2001, and calling for
T ex a s Pacific Land T r u s t.—IVew Trustee.— The certificate
the payment of a royalty of 10 cents per ton. About 1,250 acres of holders w ill m eet at the Central T rust Co. on June 10 to elect
the original tract of 8,458 acres have been exhausted; the life of the
remaining mines at present rate of output, It, Is estimated, will exceed a trustee in the place o f W illiam Strauss, deceased.— V. 74,
80 years. In 1900 mined 808,100 tons; in 1901 mined 059,154 tons. p. 725.

Bonds.— This com pany, a m a jo rity o f w hose $300,000 capital

942

THE CHRONICLE.

Untied Copper Co, o f Mon tana.—Consolidatio n o f H einze
Com panic a .—This com pany waa incorporated In N ew Jersey
on Monday, with $80,000,000 authorised capital stock, in $100
shares, o f which $5,000,000 is 6 per cent cum ulative pre
ferred, to take oyer the control of the Montana copper prop
erties developed by JT A o . ustus Heinze and his associates.
E,
The present issue o f stock is to be $4.5,000,000 com m on
stock and $5,000,000 preferred, the remaining $80,000,000 o f
com m on stock being reserved fo r the acquisition o f new
properties upon a three-fourths’ vote o f directors and stock
holders.
The new com pany will have in its treasury all the bonds
and 95 per cent o f the capital stock o f the follow in g c o m 
panies, whose capitalization is:

[V ol.

LXXIV.

authorized capital stock by the owner o f the N orth Shore
R R . Co. Directors:
R. R. C olgate of N ew Y ork, E u g e n e J. <le Sah la J r ., J o h n M artin, R.
M. M etalin g, J ohn O. O olem an, W illiam M. P ierso n an d O. A. G row.

Y irg iu la -C a ro lln a C hem ical Cp,— Options on German
P roperties.—This com pany, which is a large buyer o f Ger
man potash, has obtained options on tw o small potash c o n 
cerns, and has received offers o f sale from , or inquired the
price o f, several other companies.
Consolidation. -See Am erican Cotton Oil Co. above—V, 74,
p. 836, 101.
V ulcan D ctim iin g C o M erger,— This com pany was in
corporated about A pril 26, ult., under the laws o f N ew Jer
sey w ith $3,500,000 stock in $100 shares, o f w nich $1,Stock.
B onds.
M ontana Ore ru n :h a v in g C o .___________ ...$ 2 ,5 0 0 ,0 0 0
$ 1 ,0 0 0 ,0 0 0 500,000 is 7 per cent cum ulative preferred stock, and has
N ipp er C on so lid a ted C op per Go — . — . . . . . 8 ,7 8 0 ,0 0 0
2 ,5 0 0 ,0 0 0 acquired the plants, business, etc., o f the V ulcan Metal R e
fining Co., Sewaren, N. J., and the Vulcan W estern Co,,
M in nie H ea le y C opper M in in g C o ,........... ...... 2 ,0 0 0 ,0 0 0
— .—
(Jorra-RooA Isla n d C opper M in in g C o.......... 2 ,0 0 0 ,0 0 0
.............. Streator, 111,, reclaimers o f tin and steel from scrap tin. On
B e lm o n t C opper M ining C o................................ 1 ,0 0 0 ,0 0 0
....
the basis o f the earnings o f the old companies it is said the
John M acGinnis, Vice-President o f the M ontana Ore P ur new com pany is now able to pay dividends on both preferred
chasing Co., gave out substantially the follow in g statement, and com m on shares. The directors (and officers) are:
w hich has been confirm ed fo r the C h r o n ic l e , v iz .:
P resid en t, J o s, B. B lo om in gd ale; V ic e-P re sid e n t, S tep h en A . G lnna;

A sid e from th e se m o rtg a g e b o n d s h eld by th e n e w c o m p an y a s ab ove S ecretary, M eyer H eoh t, and G en eral M anager, A d olp h K ern. Sam u el
sho wn, the p a r e n t and su b sid ia ry co m p an ies are free from d eb t, and R. B eard sley, L ym an G. B lo o m in g d a le an d H a rry K raus.
the new h old in g c o m p a n y w ill th erefo re h a v e no b on d ed in d eb te d 
Sidenberg & Kraus, bankers, of this city financed the co n 
n ess. T here are a lrea d y In th e tr ea su rie s of th e su b sid ia ry co m p an ies
ea rn in g s su fficien t to p a y th e 6 per c e n t d iv id en d on th e n e w p re solidation. N ew Jersey representative, Corporation Trust Co.
ferred sto ck , so th a t all su rp lu s ea rn in g s from th is d ate c a n ne a p 
W eatinghouse E le ctric St M a n u factu rin g Co.—Enlarge
p lied to d iv id en d s o n th e com m on sto c k . G reat sa v in g s in in te r e st
ment o f Works.— Contracts have been awarded for a new
a n d o th er fix ed ch a rg es w ill be effeoted b y th e n e w com p an y.
T h e su b sid ia ry co m p a n ie s h a v e th u s far th is y ea r p rod u ced 3 ,5 0 0 ,. factory at East .Pittsburg, the cost, it is said, to be about
0 0 0 pou n d s o f co p p er a m o n th , or a t th e ra te of 4 2 ,0 0 0 ,0 0 0 p ou n d s of
co p p er a year. T h at la, a p ro d u ctio n of 4 2 ,0 0 0 ,0 0 0 p o u n d s of cop p er $1,500,000.— V, 74, p. 101.
p er ann um is c a p ita liz ed at $ 5 0 ,0 0 0 ,0 0 0 . Of th e an n u a l p ro d u ction
W ig g in s F erry Co., St. L ou is.— Change in C on trol—Featas
o f Its su b sid ia ry c o m p a n ies, th e A m a lg a m a ted Cupper Co. o w n s 143,- J. W ade, President o f the M ercantile Trust Co. o f St. Louis,
0 0 0 ,0 0 0 p ou n d s, w h ich Is ca p ita lized a t $ 1 5 5 ,0 0 0 ,0 0 0 . I f th e sam e
r a tio o f c a p ita liz a tio n an d m in in g b e ta k e n a s e x is ts in th e case of last week contracted to purchase from President Sculth e A m a lg a m a ted , i t Is figured th a t th e sto ck o f th e United. C op per Co. lin and others a m ajority o f this com pany’s $1,000,000 cap
o f M on tan a sh ou ld se ll a t $ 6 5 a sh are. T h is com p arison , h o w ev e r, ital stock at $500 per $100 share. This contract was made
ta k es n o a cco u n t o f th e fa c t th a t w e prodn oe ooppar, as w e b e lie v e , 2 on behalf o f a syndicate in w hich the Chicago R ock Island &
c e n ts a p ou nd ch ea p er th a n d oes th e A m algam ated .
Subsequently the Mis
T he e x t e n s iv e co p p er litig a tio n th a t is b e in g w a g e d in M on tan a, to- Pacific (see page 936) is interested.
g eth er w ith th e c o n seq u en t p o litic a l e x p e n s e s a risin g th erefro m , it is sissippi V alley Trust Co. offered $600 a share and a contest
e stim a te d , h a s add ed o v er 2 c e n ts a p ou n d to th e c o s t of p ro d u ctio n for control ensued in w h ich one side or the other paid ac
o n ea ch a n d e v er y pound o f th e cop p er o u tp u t o f th e B u tte cam p .
T he a n n u a l o u tp u t l o f th e B u tte cam p Is 2 4 0 ,0 0 0 ,0 0 0 pounds; cording to reports $750 and even $1,000 a share. The M er
co u ld th is u n n e c e ssa r y le g a l e x p e n se b e elim in a te d a n a n n u a l sa v in g cantile Trust C o., it is admitted, obtained the signatures of
o f $ 4 ,8 0 0 ,0 0 0 w o u ld b e effeoted. The p ro d u ctio n of th e M o n tan a Ore persons holding 51 per cent o f the stock, but not all, it is
P u rch a sin g Co. a lo n e la s t y e a r w a s 3 0 ,0 0 0 ,0 0 0 p ou nd s, an d it s ea rn 
in g s o n a c tu a l o p e r a tio n s w e re $ 1 ,5 8 9 ,0 0 0 . In th e th ree y e a r s th a t claimed, in binding form ; suit to com pel delivery has been
h a v e ela p sed sin c e th e A m algam ated C opper Co, w a s in corp orated , brought against holders o f 517 shares w h o thought better o f
th e M ontana Ore P u rch asin g Co. h a s d ecla red in d iv id en d s $ 1 ,5 2 2 ,0 0 0 . their bargain and sold out to the Mississippi V alley Trust Co.
The su b scr ip tio n s for u n d erw ritin g th e U n ite d C op per Co. of M onThe com pany has been paying dividends o f 8 per cent per
tan a in tw o d a y s w ere d ou ble th e am o u n t of sto c k offered, an d th is
u n d e r w r itin g Is d istrib u ted In P ra n ce, S w itz e rla n d , G erm an y, H ol- annum fo r a long time past. It operates tw o wagon ferries
1 a n d , E n g la n d and th e U n ited S ta tes.
between East St. Louis and St. Louis (Carr and Spruce

streets); car transfer (m ileage 11 m ile s); St. Louis Transfer
R y. (mileage 11 miles); East St. Louis Connecting R y. (m ile
age 30 m ile s); Madison County Car Transfer, By one or
another o f these roads the com pany perform s sw itching
service between all connecting railroads, industries and
elevators in East St. Louis and the same in St. L ouis; b y
means o f the car ferries connection is furnished between the
two sides o f the Mississippi River.
C ubic fe e t gas—
3 902.
1 901,
1900.
Z e n ith P o r tla n d Cement Co.— Receiver.— E. J, Foster, a
3 m o n th s, ............................1 ,4 0 3 ,8 7 2 ,0 5 0 1 ,2 7 2 ,2 3 4 ,8 0 0 1 ,1 5 8 ,7 5 7 ,6 0 0
3 m os. g ro ss r e v e n u e ........
$ 1 ,4 0 3 ,8 7 2
$ 1 ,2 7 2 ,2 9 4
$ 1 ,1 5 8 ,7 5 7 stockholder residing in Grass Lake, Mich,, has brou ght suit
Of w h ich c ity r e c e i v e s ...
1 4 0 ,3 8 7
1 2 7 ,2 2 9
1 1 5 ,8 7 5 at Jackson, M ich., fo r a receiver, on the ground of misman
—V. 7 4 , p. 8 9 2 , 684.
agement. The capital stock is unofficially reported as $700,U n ited States M in in g Co.— Called Bonds.— A ll the out 000 ; bond issue, $800,000.
standing 7 per cent first m ortgage bonds dated M arch 1,1900,
have been called for paym ent at 105 and accrued interest, at
—In the Chronicle , issue o f A p ril 19, page 809, reference
the Am erican Loan & Trust Co., Boston, on Sept. 1,1908, on was made to the annual statement o f the Direction Der Disw hich day interest w ill cease. There are $320,000 o f these conto-G esellsehaft, and attention is now directed to the
bonds outstanding and they are called, it is stated, to prevent detailed balance sheet, w hich m ay be found in the advertising
their holders extending them , as they have had the option to columns o f this issue.
The Direction Der Disconto-G eselldo.—V , 73, p, 1212.
sehaffc is a very large Germ an banking institution in Berlin,
U n ited States Steel C orp ora tion ,— Cabled B ond s.— E ighty established in *1851, and has branches in London and Frank
bonds o f the $1,000,000 issue made in 1898 by the Ohio Steel fort. The balances on deposit and current accounts at the
Co. have been drawn by lot fo r redemption on June 1, 1902; close o f the year stood at £11,195,176, as against £9,040,934
principal and interest w ill be paid at the D ollar Savings in 1900.
and Trust Co., Y oungstow n, Ohio, on that date. The Ohio
— Messrs, Otis, W ilson & Co., the Chicago bankers, have
Steel Co. was one o f the constituent com panies o f the N a opened an office in M ilwaukee on the 9th floor o f the new
tional Steel C o.—V. 74, p, 892, 886.
W ells Building, fo r the handling o f bonds and other highU nited States T ube Co., B u ffa lo , N. 1 .— R e-incorporated, grade investment securities, w h ich n ow form so large a part
—This com pany has surrendered its W est V irginia charter o f their business. Mr. Frederick M erritt, form erly a bond
and re-incorporated under the laws o f the State o f N ew Y ork. salesman fo r Mason, L ew is & Co, and T racy & C o., is Man
—V. 72, p. 824.
ager o f the M ilwaukee office.
—The dissolution o f the firm o f W ilson & Stephens and the
U tah Sugar Co .—New Stock.—The Salt Lake ‘ ‘ Tribune”
says the directors have authorized the sale o f 20,000 shares o f form ation o f the firm o f T. W . Stephens & Co., to continue
treasury stock at $15 a share to stockholders o f record on the business o f the old firm, was referred to in last week's
June 23d, prorata. The proceeds, $300,000, w ill be devoted C hro nicle . The form al announcement appears to day in
to im provem ents in the Bear D iver V alley, including a new our advertising department.
—Rehfisch & H ochstadter, bond and stock brokers. 418
plant, etc.— V. 74, p. 584.
U tica (N . Y .) E le c tr ic L ig h t & P o w e r Co.— Consolidation. California St., San Francisco, have issued their annual in 
— This com pany and the Equitable Gas & E lectric Co. of vestment guide fo r 1902, containing description, incom e,
U tica have agreed to a m erger and consolidation o f their price and dividends o f stocks and bonds listed at the Stock
propeities, and a new com pany w ill be form ed whose stock and Bond Exchange,
— T racy & Com pany on May 1 took possession of 216 La
w ill be taken in exchange by the stockholders in each o f the
constituent companies. The new com pany w ill thus control Salle St., in Chicago, fo r their bond department. This adjoins
the entire electric lighting, gas and pow er business in U tica, their present offices, Nos. 212 and 214.
— Moffat & W h ite, bankers. 1 Nassau Street, New York,
including the extensive water pow er plant o f Trenton Palls.
announce that Mr. Harold T. W hite was, on May 1, admitted
—V . 74, p. 101.
V a lley C ounties P o w e r Co. o f C a lifo rn ia .—B onds.— The to m em bership in the firm.
—Reitze, Stern & Schm idt have moved from 45 Exchange
shareholders were to vote at 824 .Pine St., San Francisco,
A pril 19, on a proposition to make an issue o f $2,500,000 o f 5 P lace to L ord’s C ourt Building, corner W illiam Street and
per cen t 28-year $1,000 bonds to provide for the construction Exchange Place,
— N. W . Harris & Co. removed on May l their offices to
o f an electric pow er plant in Butte County. The com pany
was incorporated in California on Jan. 26 w ith $2,500,000 Nos. 31 and 38 Pine Street, New York City.
A syndicate headed by H allgarten & Co. is reported to
have bought a large block o f the com m on stock at $80 per
share,
U n ited G
rES Im p rov em en t Co.— Output.— The statement o f
gas sold in the city o f Philadelphia fo r the quarter ending
M arch 81, as filed w ith the city authorities', com pares as
fo llo w s:

f lu

C o m m e r c ia l

COMMERCIAL

f im

e a ,

EPITOME.

F r id a y N i g h t , May 2, 1902.
Exclusive of Kansas and parts of Nebraska, good rains have
fallen over the vast grain-growing section of this country in
the Middle West and Southwest. The tenor of the crop
news has accordingly shown an improvement, and at present
the general outlook for the crops is considered promising.
Weather conditions in the South have been generally
favorible. The business situation has presented few new
features,
S to ck ! o f M e r c h a n d is e .,

Pork..........................
Lard.........................
Tobacco, domestic .
Coffee, R io...............
Coffee, other............
Coffee, Java, A o___
S u gar......................
S u g a r ................. .
Molasses, foreign ..
Hides........................
O ottou ............. .
Bosin.........................
Spirits turpentine..
........ bbls.
T a r ....______ . . . . .
Bice, E. I ..............
Bice, dom estic......... .......... bbls.
Linseed.... ............
Saltpetre..................
Manila hem p......... .
Sisal hemp...............
Jute b u tt s .............
F lou r..................bbls. and sacks

943

THE CHRONICLE

May 3, 1903.]

A p r il 1,

M a y 1,

1902

1902.

7,647
5,400
1,881,131
210,913
107,801
500
292,203
None.
20,300
195,584
23,806
1,130
2,348
10,200
7,400
None.
1,000
7,448
479
None.
90.700

9,899
5,078
1,968,002
225,965
124,956
None.
176,406
None.
33,100
183,057
21,502
592
2,672
3,300
7,600
None.
1,350
7,777
1,005
None.
97,900

M a y 1,

1901.

5.541
8.251
3,469
793,437
130,495
167,295
1,132
162,132
None.
14,900
146,925
26,516
456
830
5,500
3,500
None.
3,000
1,672
750
None.
97,600

Lard on the spot has been firmer, but the volume of busi
ness transacted has been limited, neither exporters nor re
finers making purchases of importance. Wednesday prices
declined under large hog receipts. Subsequently, however,
the market again turned firmer. The close was firmer at
10*45c. for prime Western and 9%@10^c. for prime City.
Refined lard has been quiet. The close was firm at 10'60c.
for refined for the Continent. Speculation in lard for future
delivery at the Western market has been fairly active. Early
in the week prices advanced; then came a reaction under
realizing sales and large hog receipts, followed by a recov
ery. To-day the market was firmer on the decrease in Chi
cago stocks during April,
DAILY CLOSING PRICES OP LARD FUTURES.
Sat. Mon. Tues. Wed. T h u r t.

A pril...................................... 10-30 10-40 10 45
M ay .................................................. „....................

Fri.

................................. .
10-35 10-40 10-50

Th e M o v e m e n t

of

C O T T O N .
F r i d a y N i g h t , May 2, 1902.
t h e C r o p , as indicated b y our telegrams

from the South to-night, is given below. For the week ending
this evening the total receipts have reached 58,142 bales,
against 58,587 bales last week and 04,885 bales the previous
week, making the total reoeipts since the 1st of Sept., 1901,
7,131,442 bales, against 6,850,519 bales for the same period of
1
900-1, showing an inorease sinoe Sep. 1, 1901, of 280,923 bales.
Sat.

R eceip ts a t—

Galveston........
Bab. Pass, <fto.
New O rleans...
M obile..............
Pensacola, <jo.
5
Savannah........
Brunsw’ k.Ae.
lharleston......
Pt. Boyal.Ao.
W ilmington....
Wash’ton, Ao.
N orfolk. . . . . . . .
N’p’t News, Ac.
New Y o rk .......
B o s to n ............
Baltimore........
PMladei’ a, Ac.,

M on .

T u es.

W ed.

T h a rs.

T ota l.

1,061
3

2,637
1,102
3,015
71

14,896
1,352
23,934
155

1,180

6,990

3,393
......
3,758
35

1,046
......
3,799
20

3,631
......
5,830
26

1,914
......
4
......
234
......
469

877
......
160
......
641
......
357

1,482

......
J.,073

464

......

......

......

3,038
......
337
......
295

11
......
593
......
690

197
70

524

235
325

70
67

34

25

15

ts m*
mm
360

......
555

950

25

Tot. this week 10,152

1,803
250
6,471

T ri.

7,424 12,789 11,921

2,343

......
601

1,829

......
339
......
739
97

2,554

57
624
27

3,105
97
1,026
519
624
1,061

5,327 10.519

58,142

The following shows the week's total reoeipts, the total since
Sept. 1,1901, and the stook to-night, compared with lastyear,
1901-02.
R eceip ts to
M a y 2.

Stock.

1900-01.

This S in c e Sep.
week. 1,1901.

T h is
w eek .

S in c e

Sep.

1,1900.

Galveston... 14,896 1,983,389 28,176 1,911,017
80,744
142
Sab. P., Ac. 1,352
47,052
New Orleans 23,934 2,135,984 25,386 2,230,492
155 150,483
473 105,314
M obile.........
211,587
P’saoola,Ao.
3,723 159,778
Ssv&unah... 6,990 1,082,433 14,232 1,008,301
3 r wick, Ao.
134,267
5,283 114,330
1,829 262,033
Jharleaton..
1,199 215,519
2
1,558
3,562
P.Boyal.Ao.
679 255,837
Wilmington. 2,554 273,865
382
522
Wash’ll, Ao.
3,105 434,643
N orfolk.......
4,398 372,616
97
34,476
32,10"
N’port N..AC
1,026 108,545
1,940 126,128
New Y ork...
519 116,572
1,463 187,589
B oston ...
624
91,281
984
59,952
Baltimore. .
29,205
586
22,403
Phlladel.Ao. 1,061

1902.

1901.

61,070

117,948

189,918
9,986

204,597
11,392

......

ia

1,897

63,839
3,702
6,675

16,454

7,811

26,381
1,072
195,976
28,000
12,543
1,767

20,892

31,217

......

135,652
The demand for pork in the local market has been of a
40,000
small jobbing character, but prices have advanced, closing
4,655
with mess at $17 25@18. Cut meats have been firm and
2,791
higher. Tallow has been sparingly offered and prices have
advanced, closing at 6%c. Exporters have been buyers of
Totals....... 58,142 7,131,442 88,666 6,850,519 576,281 619,954
cotton-seed oil and prices have advanced, closing at 45@46c.
In order that comparison may be made with other years,
for prime yellow. Butter has been in fair demand and steady.
e
Cheese has had a moderate sale and prices have been well w give below the totals at leading ports for six seasons.
maintained. Fresh eggs have been steady.
Receipts at— 1902.
1901.
1900.
1899.
1898.
1897.
Brazil grades of coffee have been steadier. Trade condi
4,822
16,526
2,556
5,243
tions have not improved, but the leading bull interests here Galves’n.Ao. 16,248 28,318
and in Europe have been more aggressive buyers, and this New Orleans 23,934 25,386 23,332 23,695 20,507 16,375
demand has steadied the market. The close was steady at M obile.........
1,864
2,236
1,710
155
2,334
473
5-44c. for Rio No. 7. West India growths have been quiet. Savannah...
6,990 14,232
8,291
3,519
3,874
5,195
Offerings of Cucuta grades have continued small, due to the Ohas’ton, Ao.
1,829
1,201
631
935
1,611
7,392
light stocks, and prices have been well held at 8jifc. for good Wllm'ton, Ac
137
2.554
449
1,779
679
87
Cncuta. East India growths have been quiet. Speculation Norfolk____
8,232
4,732
3,105
2,777
2,533
4,398
in the market for contracts has been moderately active. N. News, Ao.
948
97
348
76
Local and European bull operators have been buyers and Ail oth ers...
11,675
3,230 13,979
4,811
10,687
3,098
prices have advanced. The close was steady. Following are
sot. this wk.
58,142 88,666
42 509
66,966
63 109
42,333
the closing asked prices.
M a y ............ 5-05o. (A u g .. . . . . . . ___ 5-25e.
Jane................. 5-ipo. |S e p t ............ 5*3Sc.
5 -45c.
J u l y . .. . . ......... 5-20o. I O c t........... .

5-600.
D e o ..........
Jan
____ . . . 5-65o.
March............... 5 eOo

4inee Sept. 1 7131,442 6850,519 6235.684 7994.369 8327 964 6530,729

The exports for the week ending this evening reaoh a total
Raw sugars have been in more active demand, and prices of 76,884 bales, of whioh 31,695 were to Great Britain, 2,463
have advanced to 3%c. for centrifugals, 96-deg. test, and 3c. in France and 42,726 to the rest of the Continent. Below
f j T muscovado, 89-deg, test. The price for refiaed sugar has are the exports for the week and sinoe Sept. 1,1901.
been lowered to 4 70c. for granulated; business has been
Wssk Mndin| May 2,1902.
From Sept i, 190 L to May 2,1902
more active, Other groceries have been unchanged.
sn-jivortid to—
Reported to—
Mwports
Kentucky tobacco has been in moderate demand and prices
from—
Great Trance Oonti- Total Great
France Conti iTstai.
have been well maintained, reflecting tbe firmness of the in
Brit’n.
nsnt. Week. Britain.
nent.
terior markets. The amount of business transacted in seed- Galveston....... 10,098
761 9,710 21,107 858,487 822,413 301,530 1.680,480
1eaf tobacco has been reported as light, bnt prices have held Bab. Pass, AO.. ..... ..... ..... .....
24,196
84,368
68,653
about steady. Foreign growths of tobacco have received Nsw Orleans.. 10,310
8,084 25,000 823,140 278,522 014,700 1.711.422
some attention from buyers and have been well held.
..... .....
03,511
M o b ile ......... .....
20,809
92,820
The tone of the market for Straits tin has been steadier, Pensaeola...... .....
90,500 13,699
81,920 186,126
following the course of the foreign markets and prices have Bavannah......
..... 12,352 12,852 217,275 48,345 607,231 772,861
advanced slightly. The close was steady at 28-30@28-60c. B runswick.... 1,775
71,709 6,048
4,455 0,330
89,258 110,076
05,200
72,414 137,020
Ingot copper has declined and closed at 11*75(3112c. for Lake. C harleston.... ........
........
.....
Lead has oeen unchanged and steady at 4 12%c. Spelter has **ort R o y a l.... ..... .....
110 076
131.507 250,042
held steady at 4-42^c. Pig iron has been firm with buyers W ilm ington... ........ i .......
21,231
2,100
23,339
anxious for supplies for prompt delivery; quotations were Norfolk........... ...... .
$15 50^,20 00

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 been quiet and un
changed at
Rosins have been steady, with com
inon and good strained at $1 02]^. Hops have been in small
supply and firm, Wool has been dull and unchanged.

N’ port N., Ao..
New Y o r k .....
B oston ...........
Baltimore......
Philadelphia..
Ian Fran., Ao..

........
1,021
1,889

.....
.....

498

T ota l............ 31,895
Total, 1900-01. 72,881

...... .
4,530
........
989

7,259
1,869
989

2,00 >

1,702

2,498

.....

35,248
277,083 10,857
148,598
47,741
750
11,086
10,804

186,881
4,971
41,460
2,302
113,018

85,218
482,024
163,609
89,941
14,187
154,477

2,403 42,720 70,884 2,883,510 082.134 2,303.120 5,968,779
22,901 07,711 103,478 2,057,4:18

6,678,015

THE CHKONIOLE

944

In addition to above exports, our telegrams to-night also
give ua the following amounts of cotton on shipboard, not
cleared, at the porta named. We add aimliar figures for
Hew v u whlon are prepared for our special use by Messrs,
r
Lambert A Barrows. Produce Exchange Building.
on smrBOAnn, n o r o u n u i u
M a y i at—

FTW
O O ffifl,—Highest,lowest and closing prices at New York.

r g ? is ? 3 if
:I

fob—

0tr~
Other Q W ftr
d r ea t
B r ita in Jftr'fux m a n y . F or’ i/n wig

L e a v in g
stock.

Total.

5,396 5,431 16,276 1,801 33,768
852 3,530 29,010
5,455 12,196
4,400
6,900
1,500
4
4

11

11

3,500
8(595
6,000
85,778

490,508

10

Total 1901.. 31,847 12,137 27,867 28,519 12,069 110,439
7,765 3,613 ----- 33,528-----' 8,469 63,275
Total 1900.

509,515
334,092

11

Total 1902..

4,799
0,983

700
3,600
3,000

795
2,000

4,300
.........

18,982 10,851 24,882 21,423

2,800

9,635

Speculation in cotton for future delivery has been fairly
active. Early in the week prices advanced sharply on free
baying, largely by outside interests, stimulated,by decidedly
stronger European advices. Liverpool reported a sharp ad
vance in prices, based, it was reported, on active buying for
both Continental and Egyptian account. Indications were,
however, that with the rapid up-turn to prices early in the
week the long interest became congested; consequently when
an attempt was made to realize profits in the speculative mar
ket, it unearthed the fact that there was a scarcity of
buyers. As prices weakened the selling pressure increased,
with the result that practically all of the recent improvement
in prices was lost. To-day there was a weaker market early,
reflecting weaker advices from Liverpool, with continued
gelling by longs to liquidate contracts the “in sight” movement
for the week being moderately full. Subsequently, however,
there developed a steadier undertone. The fact that the
Southern markets failed to follow the decline to any extent
and indications that the long liquidation was about over
were the principal strengthening factors. The close was very
steady, with prices unchanged to 2 points lower for the day.
Cotton on the spot has been unsettled, closing at 9 ll-16e. for
middling uplands.
The rates on and off middling, as established Nov. 20,1901,
by the Revision Committee, at which grades other than
middling may be delivered on oontraot, are as follows.
F a i r . . .. . .. . .. .................... 0. 1 1 4 on
Middling F a ir. . . . ___ . . . . . 0 80 on
Strict Good M id d lin g ...... 0*50 on
Good M id d lin g ...............0-32 on
Strict Low Middling.........0-14 off
Low Middling.............
0-38 off
Strict Good O rdinary.......0 72 off
LOO off
Good Ordinary........... .

Good Middling T in g e d ....
Even
Striot Good M Tlnged.o. 0-20 on
id.
Striot Middling T in g ed .... 0-09 off
Middling T in g e d .............. 0*12 off
Striot Low Mid. T in ged ... 0 34 off
Middling S tain ed............. 0 50 off
Striot Low Mid. Stained... 1'06 off
Low Middling Stained.......1*50 off

m:

I |?

« f
l

156,155
82,054
25,317
1,893
9,986
22,881
187(381
64,836

Mew Orleans.
Galveston ,. ,
S avan nah...
Charleston -,.
M obile.. ....
N orfolk.
Mew York
Other ports .

[VOL. LXXIV,

10

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The V is ib l e is u p p l y o p C o t t o n to-night, as made up by
cable and telegraph, is as follows, Foreign stocks, as well
as the afloat, are this week’s returns, and consequently all
foreign figures are brought down to Thursday evening,
But to make the total the complete figures for to-night
On this basis the official prioes for a few of the grades for (May 2), we add the Item of exports from the United States,
the past week—April 26 to May 2—would be as follows,
Including in it the exports of Friday only,
<
1

1902.
1901.
1900.
1899.
Stock at Liverpool____ bales.1,062,000 771,000 670,000 1,601,000
Stock at L o n d o n ....... . . . . . . . . .
8,000
10,000
5,000
6,000
Good Ordinary— ----------------- 869
8*87 8*81 8*81 8*75 8*69
Total Great Britain Btoek.l,070,000 781,000 075,000 1,607,000
Low Middling_ _
_
. . . . . . . . . . 931
9*49 9-43 9*43 9*37 9*31
14,000
20,000
16,000
M id d lin g ......--- ------- . . . . . . . . . 9U16 9%
27.000
913ie 01316 9%
9n ie Stock at Hamburg______. . . .
Stock at B r e m e n . .. . .. . . . . . . . . 204,000 237,000 349.000 346.000
Good M iddling...— . . . . . . . ------- 10*01 10*19 10*13 10 13 10*07 1 0 01
......
......
2,000
1,000
Middling Fair..... ................... . 10*49 10*67 10*61 10-61 10*55 10-49 Stock at A m sterdam .... . . . . . .
Stock at E otterdam ............................... .
300
200
200
GULF.
S a t. M o n T e e s W e d T in. F r l .
Stock at A n tw erp.............
5,000
6,000
3.000
5.000
Stock at H a v r e ....____. . . . . . . 196,000 160,000 210.000 230.000
Good O r d i n a r y .. . . .. . .. . .. . .. . . 8*94 9*12 9*06 9*06 9*00 8*94 Stock at M arseilles..... . . . . . . .
2,000
5,000
2.000
5.000
9*56 9*74 9*68 9*68 9*62 9*56 Stock at B arcelon a.. . . . . . . __ 104,000
Low M iddling..—. . . . . . —
69,000
92.000 126.000
M id d lin g ....-. . . — . . . . . . . . . . . . 91516 10% lO be ICflia
10
9 « ie Stock at G e n o a ..... . . . . . . . . . . .
38,000
46,000
66.000
73.000
Good M id d lin g ,....— . . . . . . . . . . 10*26 10*44 10*38 10*38 10*32 10*26 Stock at Trieste..........
3,000
4,000
10,000
18,000
Middling F a i r . . .. . . ................. . 10*74 10*92 10*88 10*86 10*80 10*74
Total Continental stock s..
567,000 543,300 749,200 825,200
S a t. M o n T u e s W e d TSu F r l .
STAINED.
Tetal European s to ck s .... 1,637,000 1,324,300 1,424,200 2,432,200
India cotton afloat fo r Europe
121,000 106,000
30,000 101,000
8*19 8*37 8*31 8*31 8*25 8*19 4m ei. cotton afloat!or E’rope,
250,000 326,000 265,000 194,000
Low M iddling..—. ——. ------- —
30,000
32,000
15,000
23,000
Middling.. . . . . . . . . . . ..=..= .=..=. 9*19 9*37 9*31 9*81 9*25 9*19 Egypt, Brazil,&o.,aflt. for Efpe
157,000 177,000 150,000 204,000
Strict Low Middling Tinged... 9*35 9*53 9*47 9*47 9*41 9*35 Stock in Alexandria, E g y p t...
9*69 9*87 9*81 9*81 9*75 9*69 Stock in Bombay, India.......... 591,000
565,000 825,000 681,000
Good Middling T in g e d ...------Stock in United States ports..
576,281 619,954 387,367 766,742
The quotations for middling upland at New York on Stock in U .S . interior tow ns.. 276,628 485,343 216,512 421,014
United States exports to-day.,
6,082
27,705
15,212
34,242
May 2 for each of the past 82 years have been as follows,
.„C.10Ui« Total Visible supply..........3,644,991 3,662,302 2,828,291 4,857,198
1
1 9 0 2 ..
..0 . 9U168 9 4 .. ,0.. 75ia 1 8 8 0 .. . .c. &ha 1 8 7 8 ..
1877....... .11
1885 ......1 0 %
19 01 ..
. . . . 85l81893.==, . . 7%
Of the above, total* of American and other descriptions are as follow s1
1 8 8 4 .. ....1 1 %
18 76 ..
..==12% American—
1900........ 91*16 1 8 92 .. .. .. 7%
1 8 8 3 „ .„ .1 0 %
1 8 7 5 ..
....1634 Liverpool stock___.....b a le s . 933,000
1 8 91 ..
..
1899........ 8%
651,000 561.000 1,516,000
1874....... .17%
1 8 9 8 ..
. . . . 65161 8 9 0 .. ..1 2
1882.— .12%
.
Continental s t o c k s .. . .. . . . . . . . 524,000 474,000 723.000 767,000
1873.. ....1 9 %
1881.10%
.
18 97 ..
. . . . 7% 1 8 8 9 .. ...ll^
American afloat for E u rope... 250,000 325,000 265.000 194,000
1 8 7 2 ..
. . . . 2 3 . United States s t o c k ....... . . . . . 676,281 619,954 387,367 766,742
1880.........11%
1 8 9 6 ..
. . . . 83* 18 88 .. ,..10
.
1 8 7 1 ..
===.14% United States interior stocks. 276,628 485,343 216,512 421,014
1
1 8 9 5 ..
. . . . 0t3168 8 7 ... ,..101316 18 79 .. ....1 2
15,212
34,342
6,082
27,705
H o m —O nO ot. 1 ,1 8 7 4 , grades o f cotton as quoted w ere changed. United States exports to-day,.
According to the new classification M iddling was on th at d a y quoted
Total A m e r ic a n ............2 ,5 6 5 ,9 9 1 2,583,002 2,168,091 3,698,998
3se. low er than M iddling o f the old classification.
Most Indian, Brasil, <»c.~
129,000 120,000 109,000
85,000
Liverpool stock.......... ..........
MARKET AND SALES,
London s t o c k .........................
8,000
10,000
5,000
6,000
The total sales of cotton on the spot each day during the Continental s t o c k s ..... . . . . . . . 43,000
69,300
26,200
58,200
week are indioated in the following statement. For the India afloat for E u r o p e ..__ _ 121,000 106,000
s o ,000 10 1,0 0 0
15,000
23,000
convenience of the reader we also add oolumns which show Egypt, Brazil, &e.„ a flo a t...... 30,000 32,000
Stock in Alexandria, E g y p t... 157,000 177,000 ISO,000 204,000
at a glance how the market for spots and futures closed on Stock in Bombay, I n d ia ....... 591,000 565,000 S25.000 681,000
same days,
Total East India, &0 ....... ..1,079,000 1,079,300 660,200 1,158.300
Total A m erican...__ ......2 ,5 6 5 ,9 9 1 2,583,002 2,168,091 3,898.998
Sales o r Sp o t a Contract
F utures
Total Visible sm pply...M..S ,644,991 3,662.302 2,828,291 4,857,198
Spot Ma bk et
S%A
Ma r k e t
5%d.
Sited,
Middling Upland, Liverpool..
, Liver
Closed ,
Ex
Con- Con
Closed ,
6sia«j,
9%o.
port. sump. tract. Total. Middling Upland, New Y ork..
“ 6?ed.
««?■
56ieA
6°iad,
8sit)d.
Egypt Good Brown, Liverpool
7stsd,
7%d,
6 V I.
7d,
1,396 Peruv. Rough Good, Liverpool
Saturday.. Quiet & stea d y. S te a d y _____ 1.300
96
4%1.
5%d.
Broach Fine, Liverpool........
3i-sad.
4V1.
eoo
M onday.... Quiet at 3ie adv. V ery steady.
9.300 9,900
41&19d,
s°ssd
56ie*L
4%ed.
dec. S te a d y . . . . . .
T u esda y... Quiet at
SCO
223 2,500 3,223 Tinnevelly Good, L iverpool...
1.300
8.300 4.600
Wednesday Quiet____. . . . . . . Steady —
Continental imports past week have been 65,000 bales.
E asy........
49,100 49,100
Thursday.. Quiet at lie
The above figures Indicate a decrease in 1903 of 17,611
F riday....... Quiet at lie fl©0- V ery steady.
....
—
UPLANDS,

S a t.

M on T net W ed

TM .

F r l.

%

Total......

-----------------—

—

•m» » m
mm

3,700

319 64,200 68,219

bales as compared with same date of 1901, a gain of 810.700
bales over 1900 and a decline of 1,313,307 bales from 18u>.

At

945

THE CHRONICLE

May 3, 1902.]

I n t e r io r T o w n s th e m o v e m e n t— th a t la th e receip t*
w eek a n d s in c e S e p te m b e r 1, th e s h ip m e n ts for th e
W eek an d th e s to c k s t o -n ig h t , a n d th e sa m e ite m s for th e
o o r re s p o n d ln g p e r io d o f 1900-01—Is set o u t in d e ta il b e lo w .
th b

lor th e

Q u o ta tio n s

fob

G L O B IN G Q U O T A T I O N S V O It

M a y 2.

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Athens.............
Atlanta............
Charlotte........
Columbus, Ga.

to

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to

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05

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M-J^JOCCiK-©^®. O£.H.|-HJOO}-l©O©-J'©ifrWm0-‘ O00t3 I
The aDove totals show that the interior stocks have detr e a te d during the week 29,153 bales, and are to-night 208,715
bales less than at same period last year. The receipts at all
towns have been 21,891 bales less than same week last year.
a

Ov e r l a n d M o v e m e n t

fob te e

W

eek and

S in g e S e p t . 1.—

We give below a statement showing the overland movement
fo r the week and since Sept. 1, as made up from telegraphic
reports Friday night. The results for the week ending
May 2 and since Sept, 1 in the last two years are as follows.
1901-1902.

May 2.
Fee*.

Since
Sept, 1.

1900-1901.
Fee*.

Since
Sept. 1,

Skipped—

Via St. L o u is ._______ . . . .
Via C a ir o ................ .. — . . . . . .
Via P a d u c a h ....______ _.....___
Via B ook Islan d_________ __
Via Lou lavilie..^ . . . . . . . . . . . . . . .
Via C in cin n a ti____ ________. . . .
Via other routes, &o___________
Total gross overland...... _____

Deduct ehipmente—

7,785
727
"il8
1,416
1,524
1,856

766,622
189,330
1,128
32,044
185,217
87,344
334,987

6,767
3,216
134
1,301
1,464
4,023

788,934
209,263
5,086
55,105
127,121
93,586
272,849

18,426 1,546,672 16,905 1,551,944
896.072
97,058
61,351

3,230
15
2,189

345,603
62,135
51,231

4,973
100
4,692

5,434

458,969

9,665

554,481

7,992 1,087,703
Leaving tota l n et ov erla n d *..
* Including movement by rail to Canada.

7,240

997,463

Overland to K. Y ., B oston , <fcc..
Between Interior to w n s ..___ ...
Inland, <ko.,from South------ —
T o ta lto be dedu oted_____

The foregoing shows the week’s net overland movement
this year has been 7,992 bales, against 7,240 bales for the
week In 1901, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 90,240 bales.
In Sight and Spinners'
Taktnge.
Receipts at ports to May 2 ..........
Met overland to May 2...................
Southern consumption to May 2..

9<4
94
94
94
94
84
94
94
9 7a
9 15ie
9«b

1901-1902.

Week.

Since
Sept. 1.

1900-1901.
Fee*.

Since
Sept. 1.

58,142 7,131,442 88,666 6,850,519
7.992 1,087,703
7,240 997,463
37,000 1,249,000 38,000 1,098,000

Total marketed......................... 103,134 9,468,145 128,906 8,945,982
nterlor stocks In ex cess............. *29,153 147,323 *21,893 440,716
107,013
Game into sight dnrlng week. 73,981
9,386,698
9,615,468
Total In sight May 2................
North’n spinners tak’ gs to May 2.. 23,475 1,924,377 24,236 1,729,470
* Decrease during week.
M o v e m e n t in to sig h t in prei rious years.
Since Sept. 1—
Bale*.
Week—
Bale*.
1900 May 4..................... 59,372 1 8 9 9 -0 0 -May 4 ............ 8,452,905
1899-M ay 5 ..................... 72,111 1898-99-M ay 5 ............10,431,691
1898—May 6 ..................... 55,408 1897-98—May 6 ........... 10,481,960
1 8 9 7 -May 7 ................... 38,614 1896-97-M ay 7 ............ 8,076,642

94
94
9>4
94

91110

Columbus, Miss
Eufaula............
Louisville.......
M ontgomery...

9 78
101,e
94
94
94
8°ie
9
94

84
9=4
94

94

94
9<4
9
94

Nashville........
Natchez..........
R aleigh...........
Shreveport___

94
9‘4 «
94
9*4

N e w O r l e a n s O p t i o n M a r k e t . —The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.

tO

tOObOO Q
OM O-afcOO
OOr-CO ^tOQOO
CO
-sJcw CDOO OOM
M
bO
rf^fcOtOCOM
fcO ^XJO b^C D O O ^C O C O O JiC C O tO O C O W
O
O oC C O O ^tO ^tO SO O C O D O O Q l^O C

V

Jhri.

9=4
94
9M
,«
94
04
94
94
9 ia18
94
10
94
94
94
9<4
9
94

The closing quotations to-day (Friday) at other important
Southern markets were as follows.

M bOM

^ O o* to

QD fb» 00 GC t o O t o cn cn 05 C?» 05

CO
© M toco

9'.)lfl
94
9=4
9»s
9\
9 7a
9 78
10h«
94i
94
94
9»i0
9
94

T kur*.

90s
9=h
9” i«
« ftie
0»8
9=4
6=4

s
£?

dks» ■- 05 C <3 C O ^ ^ C
—
O D D
O M to C to to ^
O
H
C5
Si
O^CDCO"
C MCW
O
CDM
OOH*C0C^O<It0<||^05 W ^ 1
bOO N050 C MC < ® <ICOU1<JCOO^ OB^tOOC5COM COCJ»Oai<^M
5 5 O O1
M
O 005>—
Q
O-OCCr-COc OO Mto C tO 00tOf-*< C MMC C K C C C
* -3
8 O
HO > O O H

toM
CO

9»b
9<a
914
914
9 Si
9 u ie
97e
lOifl
9%
94
94
94
9
9

Wedncu.

9»«

r-

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tO T *
CO

Tut*.

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if

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r»

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Man.

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9*4
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9 1B
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ooocoiP-cotso^K ) - -oom *■ -a-itoao
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05

S a tu r.

M ID D L IN G O O TTO H O N —

K>c*®®eo

sg sg s i

© (£■ ® t o ® N oo *0 MU* to COO CWCO<1<I<I o o >

-- ■
*

O t h e k M a r k e t s .—

Galveston...
New Orleans
M obile........
Savannah...
Charleston..
Wilmington.
Norfolk.......
Boston........
Baltimore. .
PliUadelphla
Augusta___
Memphis___
8t. Louis_
_
Houston___
Cincinnati..
Little Rock.

SS§............. F. s . .

© N D **®

at

w

H H*b V M
oO
M W td s
u S Q u Qtt*

..S J®s ih s d
Oi..
o

M id d l in g C otto n

Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.

Sal'day. M on d a y, T u esd a y, W ed’d a y , T h u rsd ’y
A p r. 26. A p r . 28. A p r . 29. A p r . 30.
M ay 1 .

May —
R ange___
Closing...
J uly —
Range___
Closing...
A ugust—
Range___
Closing..
October —
Range. . .
Closing...
T one—
Spots.......
Options...

F r id a y ,
M a y 2.

9’58©-62 9-72®-80 9*67®*80 9*78®*84 9*68®*77 9*63®*65
9-61@-62 9‘79®-80 9*75®*76 9*83®*85 9*66®*68 9*63@*65
9-69@-7S 9*81® ”90 9*70®*86 9*79®*88 9*69® *83 9*65®*75
9-72@-73 9*88®*89 9*78®*79 9*86® *87 9*69®*70 9*67®'68
9-27®-38 9-40® *50 9*30® *47 9*37®'46 9-26®*41 9*24®*34
9-31@-32 9'48®*49 9*38®*39 9*44®*45 9*27® '2 s 9*24®*25
8-10@-12 8*17®*28 8*13® *24 8*18®*24 8*16® *22 8*12®*17
8-12@-13 8*21®*22 8*17®*18 8 '2 i® *22 8*16@*18 8*15®*16
Strong.
Steady.

Strong.
Firm.

Steady.
Steady.

Firm.
Steady.

Quiet.
Steady.

Quiet.
Steady,

W e a t h e r R e p o r t s b y T e l e g r a p h .— Our telegraphic ad'
vices from the South this evening are as a rule of a favorable
character. Planting has made rapid progress and at most
points has been finished or is nearing completion. On the
whole, indications are that the weather has been quite satis
factory, but in portions of Texas, Mississippi and Alabama
rain is claimed to be needed. The Alabama Commissioner
of Agriculture reports a decrease in cotton acreage of eight
per cent, and a falling-off of fourteen to fifteen per cent in
the sales of fertilizer tags.
G alveston , T e x a s, —Rain has fallen on one day of the week,
to an inappreciable extent. Average thermometer 75, high
est 78 and lowest 72.
A bilen e, T ex a s.— W e have had light rain on one day of the
past week, the rainfall reaching two hundredths of an inch.
The thermometer has averaged 79, the highest being 100 and
the lowest 58.
B ren h a m , T e x a s, —There has been a trace of rain on two
days of the past week. The thermometer has averaged 77,
ranging from 66 to 87.
C orp u s C h risti, T e x a s. —There has been no rain during
the week. The thermometer ha3 ranged from 72 to 80, aver
aging 76.
C u ero, T e x a s. —Dry weather has prevailed all the week.
Average thermometer 82, highest 93, lowest 71.
D allas, T ex a s. —There has been rain on one day of the week,
the precipitation reaching two hundredths of an inch. The
thermometer has averaged 73, the highest being 94 and the
lowest 52.
H e n r ie tta , T exa s. —There has been rain on two days of the
past week, the rainfall reaching forty-three hundredths of
an inch. The thermometer has averaged 73, ranging from
49 to 96.
L o n g v iew , T e x a s.— W e have had rain on one day of the
week, the rainfall reaching two hundredths of an inch. The
thermometer has ranged from 59 to 89, averaging 74.
H u n tsv ille, T exa s. —There has been rain on one day the past
week, to an inappreciable extent. Average thermometer 77,
highest 87, lowest 67.
K er rv ille , T exa s. —It has been dry all the week. The ther
mometer has averaged 78, the highest being 92 and the lowest
64.
L a m p a sa s, T e x a s.— There has been no rain during the
week. The thermometer has averaged 78, ranging from 64
to 92.
P a lestin e, T exa s. —There has been a trace of rain on two
days during the week.
P a ris, T ex a s.— Dry weather has prevailed all tne week.
The thermometer has averaged 72, the highest being 89 and
the lowest 52.
S an A n to n io , T e x a s. —We have had a trace of rain on one
day during the week. The thermometer has averaged 79,
ranging from 64 to 94.
W e a th e rfo rd , T e x a s .. —It has rained on two days during
the past week, to the extent of seventeen hundredths of an
inch. The thermometer has ranged from 65 to 96, averag
ing 81.

946

THE

(JHKONICLE

L u lm g , Tewaa ,— Wd have had no rain during the week.
The titci an meter has averaged 80, the highest being 94 and
the lowest 85
S h rev ep o rt, L o u is ia n a ,—-There has been rain on three days
of the week, the precipitation reaching twenty-four hun
dredths of an inch. The thermometer has averaged 72, the
highest being 88 and the lowest 58.
N ew O rleans, L o u is ia n a .- We have had dry weather all the
week. Average thermometer 75.
C olu m bu s, M ississip p i,— There has been no rain the past
week. Thermometer has averaged 64, ranging from 58 to 70.
L ela n d , M is s is s ip p i. - faere has been no rain during the
week. The thermometer has ranged from 53 to 80, averag
ing 67*4.
Yioksburg, Mississippi. — Conditions are favorable, but
local showers now needed. Planting is practically com
pleted. Rain has fallen on one day of the week, to the ex
tent of forty four hundredths of an inch. Average ther
mometer 73, highest 85 and lowest 55,
M erid ia n , M is s is s ip p i,— It has rained on one day of the
week. Conditions have been favorable for crops. Planting
is completed and some cotton is tip and chopped out. Sales
of fertilizers in this market are officially reported as 20 per
cent greater than last year.
L ittle R o ck , A r k a n s a s ,— Planting is finished. There has
been rain on three days of the past week, the rainfall reach
ing forty hundredths of an inch. The thermometer has aver
aged 68, ranging from 52 to 83.
H elen a , A r k a n s a s — Cotton planting is not yet finished.
There has been light rain on four days during the week, to
the extent of fifty five hundredths of an inch. The ther
mometer has ranged from 49 to 84, averaging 78.
M em ph is, T en n essee.— W e a t h e r conditions have been favor
able and cotton planting is active. Rain has fallen on three
days of the week, to the extent of one inch and thirteen
hundredths. Average thermometer 70'3, highest 81, lowest
52'2.
N ashville, T en n essee.— There has been rain during the
week, the precepitation reaching four inches and nine hun
dredths. The thermometer has averaged 66, the highest
being 86 and the lowest 47.
Selm a, A la b a m a — No rain has fallen during the week.
Chopping cotton is well under way. The thermometer has
ranged from 62 to 93, averaging 72.
M obile, A la b a m a , —The weather has been favorable except
that rain is needed for late plantings. About one half of the
eotton planted is up to fair stands and planting is nearing
completion on lowlands. There has been rain on three days
of the past week, the rainfall reaching one inch and four
hundredths. The thermometer has averaged 72, ranging
from 62 to 81.
M o n tg o m er y , A la b a m a .— Crops are doing well, but additio: al moisture would help materially. The Alabama Agri
cultural Commissioner reports to-day that cotton acreage
has decreased eight fper cent but corn has increased six
per cent. He estimates the sales of fertilizer tags at 14 to 15
per cent less than last year and says the crops are very good
but are beginning to need rain. We have had light rain on
one day of the week, the rainfall reaching eighteen hun
dredths of an inch. The thermometer has ranged from 55 to
88 , averaging 73.
M a d ison , F lo r id a .— There has been one shower during the
week, the rainfall reaching twelve hundredths of an inch.
Average thermometer 78, highest 94, lowest 62.
A u g v s ta , G e o rg ia ,— Planting is substantially completed.
Rain has fallen on one day of the week, to the extent of one
inch and six hundredths. Average [thermometer 72, highest
87 and lowest 54,
S a v a n n a h , G e o r g ia , —The week's rainfall has been one
inch and forty-four hundredths, on two days. Average ther
mometer 74, highest 87, lowest 62.
G reen w ood , S ou th C a r o lin a .— Cotton is coining up to a fair
stand. About the same acreage as last year. There has been
rain on three days of the week, the precipitation being thirtyfive hundredths of an inch. The thermometer has averaged
70, ranging from 56 to 85.
S ta teb u rg , S ou th C a ro lin a , —The weather conditions have
been very favorable for farmers. Cotton is coming up well
and some fields are chopped over. Planting is nearly com
pleted. We have had rain on three days of the past week,
the rainfall reaching fifty-three hundredths of an inch. The
thermometer has averaged 7 the highest being 86 and the
lowest 58.
C h a rleston , S ou th C a r o lin a .— W e have had light rain on
two days of the past week, the rainfall reaching eight hun
dredths of an inch, The thermometer has averaged 72, the
highest being 84 and the lowest 62.
C h a rlo tte, N o rth C a r o lin a .—The weather has been fine for
farm work, which is progressing rapidly. There has been
rain the past week to the extent of six hundredths of an
inch. Average thermometer 70, highest 85, lowest 55.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o’clock May 1, 1902, and May 2, 1901.
May 1, ’02.
Feet.
« e w Orleans.— ...........A b o v e aero o f ga u g e.
13 1
M e m p h is ........
12-4
Nashville------- 45‘5
11-2
D hreveport.... .
32'2
V ick sb u rg...........

May 2, ’01.
Feet.
13-8
31-2

15-6

96
400

[V ol. LSX1V,

I n d ia C o t t o n M o v e m e n t

eeom a l l

P o s t s ,— T h e r e c e ip ts

if cotton at Bombay and the shipments from all India ports
for the week ending May 1, and for the season from 8ept, 1
to May i for three years have been as follows;
1901-02,

Beceipts a tBombay___...

Export*
from —

1900 01.

Nines
Sept. X,

Week.

Week.

1899 1900.

Sine*
Sept. X.

Week.

60,000 1,836,000 64,000 X.436,000 11,000

For tki Week,

Niue*

Sept. 1.
812,000

Since September 1.

Great
Britain.

Conti
nent.

Total.

Great
Britain.

5,000

16,000
14,000
5,000

16,000
19,000
5,000

1,000

Conti
nent.

Total.

5,000
61.000
2,000

836,000
431,000
54,000

341,000
492,000
56,000

1,000

2,000
3,000
1,000

19,000
20,000
12,000

21,000
28,000
13,000

6,000
12,000
5,000*

6,000
19,000
6,000

Bom bay—

1901-02..
1900 01..
1800 00..
Calcutta—

1901-02.
1000-01..
1890-00..
Kadraa—
1901-02 .
1000-01..
1899 00 ..
til others—
1901-02..
1600-01.
1899 00 .

Total a l l 1901 02..
1900-01..
1899-00..

i,<foo

1,000

1,000
7,000
1,000

2.000
4,000
7,000

2,000
4,000
7,000

1,000
8,000
1,000

46,000
63,000
33,000

47,000
71,000
34,000

18,000
18,000
14.000

18,000
23,000
14,000

9,000
73,000
5,000

400,000
526,000
104,000

415,000
605,000
109,000

e c e ip t s

and

5,000

A l e x a n d r ia

R

Alexandria, Egypt,
April 30.

S h ip m e n t s

op

C otton.

1901-02.

1899-1000.

18,000
6,442,000

Reoelpts (oantars*)...
This w eek . . . . . . . . . . .
Since Sept. 1 . . . .......

1900 01.
85,000
5,039,000

23,000
6,395,000

This
Since
week. Sept. 1.
Exports (bales)—
To L iverp ool.____ _
To Continent t . —

Since
This
Tki*
Since
week. Sept. 1. ■week. Sept. 1.

5.000 291.000
7.000 425.000

7.000 281.000
4.000 237,000

3.000 369.000
3.000 355.000

Total E u r o p e ....... 12,000 716,000 11,000 518,000 6,000 724,000
* Ao&ntaria 98 pounds.
t Of which to Am erica In 1901-02,92,016 bales; In 1900-01, 40.775
bales; tn 1899-00, 66,136 bales.

This statement shows that the receipts for the week
ending April 30 were 18,000 oantars and the shipments to
all Europe 12,000 bales.
M a n o h e s t e b M a r k e t . —Our report received by csble
to-night from Manchester states that the market is firm
for both yarns and shirtings. The demand for home trade is
improving. We give the prices for to-day below and leave
those for previous weeks of this and last year for comparison.
1902

1901.

8i* lbs. Sflirt Oott’n
8i* Lbs, Shirt Oott’n
32s Cop. ings, common Mid. 32s Cop. ings, common Mid.
Twist.
to finest.
Uplds Twist.
Uplds
to finest.
d.
d. s.
Mr. 28 7%8 ,®7i5ie »
5
Apr. 4 7% @3
11 7*9 ©8% 5
“ 18 7% ®8316 5
“ 25 7111808% 5
5
May 2 7%

d.
3
4
5
5
0
7

a. d.
®7 10%
©7 11
©8 0
@8 0
« 8 1%
P-8 2

<
L
a.
d.
4% 7% ©8%
4 % 8 71316®8%
5 ii8 7% ©8%
5-*32 7% ® 878
5% 7Hi6®8%
5% 71* 98%

a.
5
5
5
5
5
5

d.
3
3
3
3
3
2

s. d.
©8 1
©S 1%
©7 10%
©7 11
©7 11
© 7 1G%

d.
41116
423s2
4 *®
32
4%
4S!32
4716

G o v e r n m e n t W e e k l y C o t t o n R e p o r t .— M r. 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 crops in the Southern States for the week
ending April 28:
North Carolina —W arm , dry, sunny w eath er v e ry beneficial; farm
w ork and grow th o f vegeta tion m uch adva n ced; plan tin g co tto n gen 
eral, som e up.
South Carolina—Tem perature favora b le; m oisture gen erally defi
cient; rapid progress m ade In plan tin g cotton , w hich is n earing com 
pletion, and som e Is up.
Georgia.—T em perature a b ov e norm al; sunshine abundant; p recipi
tation 'deficient and n o rain in m any connties; cotton p la n tin g prac
tica lly com pleted in south, nearing com pletion in m iddle, progressing
rapid ly in north; stands generally good ; ch oppin g begun In a few
southern connties.
F lo r id a . - W eek rainless; tem perature? sligh tly above seasonal aver
age; germ ination o f late-seeded cotton u n satisfactory, ea rlj-p la n te d
w orked and d oin g w ell.
A l a b a m a .— A m ple w arm th and sunshine; fa v o ra b le show ers, but
general rain needed; cotton plan tin g n earing com pletion, m u ch cotton
up. stands g ood , some ch opped, plan tin g in low lan d s being pushed.
Mississippi.—W arm , w in dy w eek w ith scattered show ers; farm
w ork pushed vigorously; cotton plan tin g con tin ues, m uch u p to fair
stands, ch oppin g ou t south.
L o u i s i a n a . —W eather excellen t fo r field operations and good progress
reported gen erally; vegetation respon din g to fa v o ra b le w eath er c o n 
ditions; cotton planting nearing com pletion, early pla n tin g up to
good stands and w ell cultivated, recen t plan tin g needs rain.
Texas.—W arm and dry w ith con stant high south w inds: rain u rgently
needed in w estern h alf o f State; cotton planting p ia o tica liy com
pleted, m uch o f cro p up and cultivation w ell advanced.
Arkansas.—We ather fa v ora b le for w ork ba t crop s b egin nin g to need
rain; farm ers ca tch in g u p with w ork; cotton plan tin g general and
progressing rapid ly, som e early planted com ing up,
Tennessee.—W arm , dry w eather, w ith brisk w inds m ost o f week,
checking germ ination and grow th, but g ood show ers fell Friday night,
greatly relievin g co n d itio n s farm w ork progressed .rapidly; cotton
planting w ell advanced, b ein g m ostly com pleted.
Missouri —G ood show ers; cotton pla n tin g progressing well,
Oklahoma and Indian Territories. —Tem perature a b ove and p r e c ip i
tation beiow the average; cotton being planted; early being cu l
tiv a ted .

THE

Ma y 3, 1903.]

These reports are summarized by the Department as
f o llo w s :
The
co tto n
t ic a lly
co tto n

c o t t o n S ta te s h a v e e x p e r ie n c e d a v e r y fa v o r a b le w e e k , an d
p la n t in g h a s m a d e r a p id p r o t e a n In a ll s e c t io n s , b e in g p r a c 
fin ish e d In T e x a s . M u ch o f th e e a r ly p la n t e d t h r o u g h o u t th e
b e lt Is u p to g o o d s ta n d s a n d c u lt iv a t io n 1b w e ll a d v a n c e d .

C o t t o n C o n s u m p t io n

and

O ver la n d Mo vem en t

Xhoprioes of futures at Liverpool for each day are given
below. PriooB are on the basis of Uplands. Good Ordinary
clause, unless otherwise stated.
Y W T A e price* art j t v t n In pence a n d 6 4 I h t .
4 6 8 - 6 4 d . , a n d 5 01 m e a n t 5 1 - 6 4 d

Nat.

1901-02

1900-01.

1899-00

81,496
1,544,224
49,750
1,085,952
279,271
7,115,596
352,018
5.938,186
584,324
1,916,727
1,239,000

71,668
1,542,603
30,831
992,951
405,306
6,817,725
455,309
5,470,798
691,212
1,722,013
1,083,0.0

52,634
1,653,326
5,628
1,193,390
236,751
6,208,225
523,061
5,261,022
447,740
2,062,636
1,023,000

97,018
78,002
92,186
10
5,613
14,839
15,534
6,289
12,147
355,021 498,137 282,647
9,594,948 9,347,676 8,409,615
1,077,465 1,029,944
10425141 9,439,559
511 37
503-33
503-61

ITIon.

Apr . 26

M a y 1.

to

—In consequence of the crowded condition of our columns
this week, we omit giving the usual extensive details of the
overland movement. Below, however, we present a synopsis
for the month of April and the eight months ended
April 30 for three years.

Gross overland for A p ril............... bales.
Gross overland for 8 months.......... ........
Net overland for A p ril.............................
Net overland for 8 months.......................
Port receipts In A pril.................................
Port receipts In 8 months...................... .
Exports In A p ril..........................................
Exports In 8 months...................................
Port stooks on April 30..............................
Northern spinners’ takings to May 1 —
Southern consumption to May 1............
Overland to Canada for 8 months (ineluded In net overland)................ ........
Burnt North and South in 8 months.......
Stock at North’n interior markets May 1
Game in eight during A p ril......................
Amount of crop in sight May 1................
Came In sight balanoe se a so n ...............
Total orop_____________________ _____ _
Average weight o f b a le s ..........................

947

CHRONICLE

Apr. 28

T n «a,

d.

5 11
5 09
5 09
5 09
5 09
5 03
4 49
4 38
4 35
4 34
4 33

d

d.

5 09 5 13
5 08 5 12
6 08 5 12
5 08 5 12
5 08 5 11
5 02 5 06
4 48 4 50
4 37 4 40
4 34 4 37
1 33 4 36
4 32 4 85

d.

5 15
5 14
5 13
5 13
5 12
5 07
4 50
4 40
4 S6
4 35
4 34

W ed.

d.

4

12 %

4

12 **

4

4

P . M . P . M . P . M . P . M . P .M .

d.

5 13 5 13
5 12 5 12
6 12 ft 11
5 1 1 5 10
5 11 5 10
5 05 5 04
4 49 4 48
4 39 4 3 8
4 36 4 35
4 35 4 34
4 34 1 33

d.

5 15
5 14
5 13
5 12
5 12
5 05
4 49
4 39
4 35
4 34
4 33

63 meant

T h ora .
May 1,

Apr. 29. Apr. 30.

12 % 4 12 % 1 12*4
P.M. P.M. P.M. P.M. P.M.
A pril...........
Aj»rll-May...
Mav-J nne...
June-Jnly...
Jn ly-A u g...
Aug.-Sept...
Sept.-O ct. ..
Oct-. Nov___
N ov .-D eo...
Deo.-Jan_
_
Jan. -Feb..

Tkut

d.

d.

613
5 12
4 11
4 10
5 05
4 48
4 38
4 34
4 33
4 32

5
5
5
5

F r l.

May 2.
12% 4
P. M. P.M.

a.

14
13
12
11
6 05
4 50
4 40
4 37
4 36
4 35

a.

5 <09 5
5 08 5
5 07 5
5 07 5
5 01 4
4 40 4
4 36 4
4 33 4
4 32 4
4 31 4

a.

06
04
04
04
02
43
33
30
29
28

5 06
ft 05
5 05
5 04
4 62
4 14
4 34
4 31
4 30
4 29

Peb.-Moh

J u t e B u t t s , B a g g i n g , &o.—The market for jute bagging
has been dull 1he past week. Quotations are unchanged at
5%c. for 1 % lbs. and 5%c. for 2 lbs , standard grades. Car
lots of standard brands are quoted at 5;5
£@6c. f. o. b., accord
ing to quality. Jute butts inactive and nominal at
for paper quality and 2%@2%c. for bagging quality,

B R E A D S T U FFS.

F r i d a y , May 2, 1902,
The market for wheat flour has not shared in the specu
lative activity of the wheat market. Prices for the grain
have continued to advance, much stress being laid on the
continued dry weather in the State of Kansas. Buyers of
S h i p p i n g in k w s ,— A s saown on a previous page, th e flour, however, have continued to show extreme conserva
•sports of ootton from the United States the past week have tism and have bought sparingly at the higher prices mills
reaohed 76,884 bales. The shipments in detail, as made up have been disposed to name. Oaly a small volume of busi
ness has been transacted in rye flour, buyers operating on a
from mail and telegraphic returns, are as follows:
to ta l bale*
hand-to mouth basis. Corn meal has been in limited demand
N ew Y o rk —T o L iverp ool, per steamer Nomadic, 46 9...............
469
To Hull, per steamer Buffalo, 5 5 2 ..............................................
552 at steady prices.
Speculation in wheat for future delivery has teen fairly
To Havre, per steamer La G afoogne, 1,702............................. 1,702
To Bremen, per steamer Oassel, 1 2 6 3 . . .. ........................... 1,263
active, and prices have shown an upward tendency. Ex
To Hamburg, per steamer Pretoria, 641..................................
641 clusive of the State of Kansas beneficial rains have quite
To Antwerp, per steamers British Trader, 2 5 0 _ Zeeland,
_
110...............................................................................
360 generally fallen through the winter-wheat belt, and the out
To Genoa, por steamer Hohenzollern, 2.272...........................
2,27 2 look for the crop has accordingly improved. However, the
N e w Orleans —
To Liverpool—April 26—Str. Diotator, 8,181
market has been practically flooded with poor crop ac
___April 28-S team er Darien, 3,8 35
May 2—Steamer
Traveller, 3,000........................
15,016 counts from Kansas, and this has served to create specu
lative bullish sentiment.
There has been fair buying
1,300
To London - April 28 -8team er Jamaioan, 1,300..................
To Hamburg - April 29 -Steam er Rhodesia. 850....................
850 for investment account, and this demand has served to
To Barcelona April 2 6 —Steamer Plo IX ., 5 ,2 34..................
5,234
carry prices upward. Another factor in the advance has
To Genoa April 30—Steamer Sicilia, 2,600............................
2,600
been the statistical development, the visible supply
G alveston —To Liverpool—April 30—Steamer Actor, 2,906
2,906
To M anchestrr—
April 26—Str. Maria de Larrinaga, 7,790. 7,790
statement showing a considerable decrease in available
To H avre—April 25—Steamer Clinton, 761............ ................
761
supplies. Business in the spot markets here and at outports
To Bremen—April 26—Steamer Oriel, 8,041...........................
8,044
has reached only very moderate proportions, exporters as a
To Ham burg—May 1—Steamer G anecogorta.1,666.............. 1,666
Ba VaNnah —To Bremen—April 25—Steamer Drumcruil, 8,884
rule being slow to follow the advance in prices. The Cin
upland and 60 Sea Island
April 2 6 —
Steamer Nordhcinnati Price Current says of the crop situation that, except
valen, 9 6 5 ...................................................................................... 9,909
ing Kansas and Nebraska, wheat has been benefited by rains
To Hamburg—April 2 6 —Steamer Nordhvallen, 2,443........
2,443
B runsw ick —To Liverpool—April 2 5 —
Str. Glenwood, 1,0 00...
1,000 and milder temperature and is now doing fairly well. The
To M an ch ester-A prii 25 -S team er Glenwood, 775..............
775 average condition is as good as a month ago. To-day there
To Bremen - April 30—Steamer Hardanger, 4,455................
4,455
was an easier market under predictions of favorable weather
B oston —'To L iv erp ool-A p ril 25—Steamer Sagamore, 112
for the growing crop. The spot market was quiet and easier.
April 28—Steamer Ivernia, 8 ) 0 ....... April 29—Steamer

Merlon, 427...........................
B altimore — To Bremen—April 29—Steamer Willehad, 989___
P or t l a n d , M b.—T o Liverpool—Apr. 25—Str. Irishman 498.
S eattle - T o Japan—April 24—Steamer Riojnn Mara, 2 ,0 0 0 ...

1,339
989
498
2,000

Total.
76.884
L i v e r p o o l .— B y c a b le fr o m L iv e r p o o l w e h a v e th e f o l l o w 
ing sta te m e n t of th e w e e k ’s c a b le s , s to ck s , & c ., a t th a t p o r t.

DAILY CLOSING PRICES OP HO. 2 BED WINTER WHEAT IN N E W Y O R K .

u%sh wheat f. 0. b ....... —
May delivery in elev.......
July delivery In elev.......
Sept.delivery in e le v ....
Deo. delivery in elev.......

Sat.

90%
81%
S I1
*
80%
82%

Mon.

903s
807e
805s
79%
81%

lues.

Wed

90%
81
81%
80%
81%

90%
80%
80%
80
81%

D A I L Y C L O S IN G P R IC E S O P H O . 2 S P R IN G W H E A T IN

Apr. 18. Apr. 25

74.000
53.000
Sales o f the w eek.........b a le s .
62,000
4,000
1,100
800
Of w hlohexporters to o k ...
4,300
800
3,900
Of whloh speculators took .
54.000
Sales Am erican........................
47.000
54.000
8,000
10.000
5,000
Actual exp ort...........................
67.000
Forw arded...................... .........
59.000
72.000
Total stock—Estimated.......... 1,122,000 1,111,000 1,086,000
Of whloh Amerioan—E s l ’ d . 1,005,000 1,000,000 965,000
Total Import o f the w e e k .....
66.000
58.000
43.000
Of whleh Am erican.............
47.000
17.000
67.000
94.000
87.000
56.000
Am ount afloat..........................
68.000
76.000
34.000
Of which A m erican..............

May 2
55.000
2,500

May delivery In elev.......
July delivery In elev ......
Sept, delivery id elev—
Dee. delivery in elev.—

Mon.

Tuea.

75te
76*8
755s

7378
75%
74%

74%

74%

75%

75%

77%

78%

74%
76%

Fri.

91%
91%
81%
82%
82%
82
81%
81%
83
82%
C H IC A G O .

Wed.

Sat.
Apr. 11.

Thura.

Thun.

Frl.

75%

75%
76%
75%

76%

75%

76%
77%

76%

77%

Indian corn futures have been moderately active. The
undertone of the market has been unsettled and for the week
prices show no decided changes. Early in the week predic
tions of colder weather in the corn belt, with possible frests,
served to bring about a fractional decline in prices; then
followed a gradual sagging of values. Weather conditions
have been reasonably favorable for the new crop. One
authority states that corn has a good stand in the South,
The tone of the Liverpool market for spots and futures favorable progress in the North, and a large acreage. Owing
each day of the week ending May 2 and the daily closing to the shortage of this, crop the receipts at interior points
have continued light, and with only a limited cash demand
prices of spot ootton, have been as follows.
prices have been well maintained. At the seaboard business
transacted with exporters has been practically nothing. To
Sat’day. Monday. Tueaday. I fe d ’ eiay. TKurtd’y Friday.
B'pol.
day prices declined sharply. Favorable climatic conditions
Fair
and increasing receipts were the featurep. The spot market
Market, \ M oderate Harden'd.
Quiet.
baalnesa M oderate
Q uiet
12:80 P. M J dem and.
demand
was dull.
doing.
M id . U p l’ dR.

t 510

S k ies..........
flp eo. <feexp.

7,000
500

6 l i 3a

5 n 82

12,000
1,500

10,000
1,000

5%
8,000
1,000

1,000

44.000
3,000
73.000
,062,000
933.000
52.000
29.000
106.000
85.000

53a

5 t4

7 ,0 0 0
50 0

7 .0 0 0
500

*

Wuturet.

Steady at
at Easy at
Market ( 2 -«4 ® 8 m Steady2-04 oartfally Irregular, Steady d at
1-4-s ®
anchang'a 2-04 a 
opened. (
advance.

advance.

1-04 ad v.

vance.

Easy at
2-04 d e
cline.

ly
Easy
at.
*et, ( Br’• . at’ dy Steady at 1Cc/jtiU at '/Easy dec. Weak at Steady at
1%/ pt*. 2®*i pt».
pis.
'% pts.
4 P. M, ) advance. ho vance. decline. <•1pt„.ad v. 1<8 1 pts.
declin e
declin e.
" pi

DA ILY GLOBING PRICED OP NO. 2 M IXED CORN IN

eorn 1. o. b.............
May delivery In elev.......
July delivery in elev .......
Sept, delivery In elev—
G ash

Sat.

Mon.

71%
68%
68%
67%

71%

Sat.

Mon.

63%

62%
63%
62%

Tuts.

NEW

Wed.

Y O R K .

Thun.

72

71%
71%
68%
69
68%
68%
68%
68%
08%
67%
67%
67%
67%
DAILY CLOSING PRICES OP NO. 2 M IX E D COHN IN C H I C A G O

May delivery In elev.......
July delivery In elev.......
Sept, delivery In elev___
Deo. delivery In elev.......

62%
63%
48%

48%

69%

Tuea.
62%

08%
62%
48%

Wed.

Thnra.

61%
63%

62
63%
02%
48%

62%
47%

Frt.
70%
67%
67%
66

•
Fri.
60%
62%
61%

47%

THB CHRONICLE.

948

O a ts fo r fu t u r e d e liv e r y at th e W e s t e r n m a r k e t h a v e b een
m o d e r a te ly a c tiv e a t a g r a d u a l s a g g in g o f p rices. T n e w e a k 
n ess has b een m o s t p r o n o u n c e d iu th e n e w -c r o p d e liv e rie s
a n d h as been th e r e su lt o f th e im p r o v e d p r o sp e c ts fo r th e
n o w c ro p d u e to th e fa ll o f n eed ed ra in s w it h in th e p a st
w eek.
L o c a lly th ere has b een o n ly a s m a ll c h a n g e in
p rices in th e sp o t m a r k e t.
B u sin e ss, h o w e v e r , h a s b een
q u ie t a n d th e u n d e rto n e ea sie r. T o -d a y th e m a r k e t w a s
easier u n d e r g e n e r a lly fa v o r a b le c r o p n ew s,
D A IL Y OLOBISfct r a i u t o <>» OATH IN N E W

Y O K K .

re d . Thun.
48
48
48
48
NO. 3 m ix e d m aieV,....... 48*0
52
52%
61%
Mo. 2 w hite La 6 i e v - , ___ 52 “4
52%
DALLY OLOfllSCJ PHIOBa o r s o . 2 MlXiW OATS IS C H I C A G O

Mai.

M uh.

Mai
M » y deU very Ln elev . . .
*J u ly d e liv e ry la ole v . . .
• S ep t d e liv e ry la e ie v . , .
'D e e . d e liv e r y la e l e v . . .
* N ew g ra d e.

Mon.

42 ia
3738
82%
33*8

42%
37
32
3 2 7a

Tuan.

Tuts*.
42%
36%
31%
32%

JFH.
47
62
•

Wed.

lh u r t.

Mri.

41%
86%
81%
81%

42%
36%
31%
32%

42%
36%
31%
32%

F o llo w in g a re th e c lo s in g q u o t a t io n s :
floub

.

_

F i n e .... . . . . . . . . . . .
#
® ....
P a te n t, w in t e r .. , . # 4 10 ® 4 30
S u perfin e. ................ 8 0 0 ®3 1 0
C ity m il la, p a te n t.
4 1 0 ® 4 65
Extra,, N o, 3 .. . . . .
3 10 ® 3 20
R y e flo o r,s u p e rfin e 8 0 0 ® 3 60
E x tr a , N o 1
....
3 10 ® 8 35
B u ck w h e a t flo u r . ® . . . .
C le a r s .,...
. ...
8 30 ® 3 75
C o m m ea l—
S tr a ig h ts ... ........ 3 60 ® 4 10
W e s t e r n , e t c . . .. .
8 80
P a te n t, s p rin g . . . 4 0 0 © 4 6 5
B r a n d y w in e —
3 30
(W h ea t flo m m L ochs sells a t p r ic e s b e lo w th o s e f o r b a rre ls .)
GKAIK.
C orn , p e r b u sh ,—
o.
e.
o.
e.
W h e a t, p e r b u s n .—
W estern m ix e d .............6 7 % © 7 0 %
H a rd M an . . f i l l . . f. o, b .8 8 %
N o. 2 m ix e d ............. . . . f . o. b .7 0%
N’th e rn D u l., N o .i f, o. b .8 5
N o. 2 y e llo w .......................f. o. b .7 0 %
R e d w in te r, N o. 3 f . o . b .9 1 %
N o. 2 w h ite ......................... f. o. b .7 0 7s
H a r d N. Y. N o. 2, f . o . b .8 4 %
R ye, per b u s h O ats—M ix ’ d, p. bu sh , 47 ® 4 9
w e s t e r n . . . . . . . . . . . . . . . 5 8 ® 64%
W h i t e . . . . . . . . . . . . . 50 © 55
S ta te a n d J e r s e y ........ 61 ® 6 2
N o, 2 m i x e d . . . . . . . 4 7 % © 48%
B a r le y —W e s t e r n .... . . . . 6 8 ® 7 3
N o, 2 w h i t e . . , . . . , . 5 2 ® 5 3
F e e d in g ................
N om in a l.
G o v e r n m e n t W eekly G r a in , & c
\, R e p o r t .— M r . J a m e s
B e r r y , G h i f o f th e C li m a t e a n d C r o p D iv is io n o f th e U . 8 .
W e a t h e r B u r e a u , m a d e p u b lic o n T u e s d a y th e t e le g r a p h ic
r e p o r ts on th e g r a in c ro p s in t h e v a r io u s S ta te s fo r t h e w e e k
e n d in g A p r i l 28 , s u m m a r iz in g t h e m as f o ll o w s :
W e a t h e b .—M u ch -n eed ed a n d g e n e r a lly a b u n d a n t ra in s f e ll o v e r a
la r g e p a r t o f th e M issou ri, u p p e r M ississip p i a n d lo w e r O h io v a lle y s ,
b u t d ro u g h ty c o n d it io n s h a v e c o n tin u e d In th e u p p e r O h io V a lle y ,
M id d le A tla n tlo S ta tes, a n d o v e r th e s o u th ea stern R o c k y M ou n ta in
slo p e . R a in Is n o w v e r y g e n e ra lly n e e d e d o v e r th e g re a te r p a r t o f th e
S ou th ern S ta tes, m o r e p a r t ic u la r ly In th e ea stern a n d w e s te rn d is 
tr ic ts , g o o d s h o w e rs h a v in g fa lle n o v e r a p o r tio n o f th e c e n tr a l G u lf
States. A h e a v y s n o w s to rm In te rfe re d w ith fa r m w o r k In M on ta n a ,
th e D a k o ta s a n d M in n esota d u rin g th e e a rly p a r t o f th e w eek , a n d th e
h ig h a n d d r y in g w in d s o f th e la tte r p a r t in th e ce n tra l v a lle y s a n d
M id d le A t la n t ic States w e r e d e trim e n ta l. T h e tem p era tu re co n d itio n s
in th e S ou th ern S ta tes a n d In th e n o rth e rn d is tricts e a s t o f th e M issis
s ip p i w e re v e r y fa v o r a b le , b u t th e w e e k w a s to o c o o l f o r fa v o r a b le
g r o w t h in th e R o o k y M ou n ta in a n d n o rth P a ciflo C oa st States.
C o b n . —Co n sid e ra b le c o m h as b e e n p la n te d in Illin o is , so m e in
s o u th e rn p o r tio n s o f O h io a n d Io w a , a n d p la n tin g is w e ll a d v a n c e d In
M issou ri, K a n sa s, K e n tu c k y , a n d V irg in ia . In th e S ou th ern States
c o r n h as m a d e g o o d g r o w t h a n d is in v a rio u s sta ges o f cu ltiv a tio n ,
gom e b e in g r e a d y to b e la id b y in T e x a s a n d L ou isia n a .
W i n t e r W h e a t .—W in te r w h e a t h a s e x p e r ie n c e d im p r o v e m e n t in
I llin o is a n d p o r tio n s o f M issou ri, a n d is s lig h tly im p r o v e d in O hio and
th e M id d le A t la n t ic States. T h e c r o p is r e p o r te d t o h a v e su ffered n o
in ju r y as a resu lt o f m a rk ed te m p e ra tu re e x tre m e s o f th is a n d th e p re
c e d in g w e e k in K a n sa s a n d N eb ra sk a , w h ere, h o w e v e r , in so m e s e c 
tio n s it is in n e e d o f m oistu re. W in ter w h e a t is a lso in n e e d o f r a in in
th e ce n tra l and u p p e r O h io v a lle y s , u o im p ro v e m e n t b e in g r e p o r te d
fr o m In d ia n a , w h e re a c o n s id e ra b le a cre a g e in th e c e n tr a l p a r t o f th e
S ta te is b e in g p lo w e d u p . O n th e P a c ific C oa st w in te r w h e a t h a s m a d e
fa v o r a b le p r o g r e s s , a h e a v y c r o p b e in g p ro m is e d in C a lifo r n ia n o rth
o f T eh a eh a p i.
S p r in g W h e a t .—Ov e r th e so u th e rn p o r tio n o f th e s p rin g -w h e a t
r e g io n th e s e e d in g o f s p r in g w h e a t is n e a r ly c o m p le te d a n d th e ea rlys o w n is c o m in g u p , b u t is m a k in g s lo w g ro w th . T h e s e v e re s n o w s to rm
o f th e 2 2 d in te r r u p te d se e d in g in she R e d R iv e r o f th e N orth V a lle y .
Oats .- Oats h a v e m a d e fa v o r a b le g r o w th in th e S ou th ern S ta tes a n d
a re g e n e r a lly im p r o v e d in M issou ri a n d I llin o is . P o o r sta n d s a re r e 
p o r te d fr o m N e b ra sk a , a n d g e rm in a tio n h as b e e u u n s a tis fa c to r y in
M ich ig a n a n d P e n n s y lv a n ia .
S eed in g co n tin u e s in th e n o r th e r n
s e ctio n s.
' F o r o th er ta b le s a s a a i l r g iv en h ere see page 9 2 2 .

THE DRY GOODS TR A D E .
N

ew

Y

ork,

F r i d a y , P . M . , M a y 2 ,1 9 0 2 .

T h e m a r k e t d u r in g t h e m o n t h j u s t c lo se d h a s c h a n g e d
v e r y lit tle in c h a r a c t e r .
T h e d a y -t o -d a y d e m a n d h a s b e e n o f
a n e v e n n a tu r e a n d m o d e r a te in v o lu m e in b o t h t h e c o tto n
a n d w o o le n -g o o d s d iv is io n s . T h e r e h a s n o t b e e n a n a c c u m u 
la tio n o f s to c k s in first h a n d s o f a n a tu r e t o a ffe c t p r ic e s in
a n y d ir e c tio n , w h i le in s o m e th e r e h a s b e e n a n o c c a s io n a l
g a in o n th e p a r t o f s e lle r s .
T h u s th e c o tto n -g o o d s m a r k e t
h a s n o t s h o w n a n y re sp o n se o f m o m e n t t o th e c o u r se o f th e
m a r k e t fo r r a w m a t e r ia l, a n a d v a n c e o f %a. p e r p o u n d in
th e la tte r fa i li n g t o ex e r c ise a n y a c t iv e in flu e n c e .
F r o m th is
i t w o u ld a p p e a r t h a t a lth o u g h s to c k s o n h a n d a r e lim ite d
a n d m a n y m ills a re w e ll s o ld a h e a d , th e c u r r e n t su p p lie s o f
t h e r a w m a t e r ia l a re su ffic ie n t t o m e e t t h e c u r r e n t d e m a n d
fo r s p o t g o o d s , a n d fo r w a r d b u sin e ss is b e in g
booked
w i t h o u t r e g a r d t o p r e v a ilin g c o tto n q u o ta tio n s . T h is w e e k 's
m a r k e t h a s been q u ite in k e e p in g w it h t h e c o n d itio n s n o te d
a b o v e , a n d c lo ses w it h o u t th e in tr o d u c tio n o f a n y n e w fe a t u r e
t o s u g g e s t a n e a r c h a n g e o f a n y im p o r ta n c e .
W oolen G oods,— The
d e m a n d h a s b e e n c h ie fly f r o m
b u y e r s se e k in g fo r s u b s titu te s t o r e p la c e g o o d s w h ic h s h o u ld
h a v e b e e n d e liv e re d to t h e m o n o r d e r s p la c e d e a r lie r in th e
se a s o n . T h e s tr ik e in t h e A m e r ic a n W o o l e n C o m p a n y ’ s m ills
s h o w s n o s ig n o f s e t t le m e n t , h a v in g sp r e a d fu r t h e r th is

LX X IV .

[VOL.

w e ek , a u d th ere is c o n s e q u e n tly a d e c id e d s h o r ta g e in th e
o u tp u t and d e liv e rie s o t th is c o m p a n y ’ s fa b r ic s . T h e f u ll
e ffe c t o f th is h a s n o t b een f e i t y e t , as b u y e r s h a v e n o t g o t b e 
y o n d the sa m p le -p ie c e s ta g e u p to th e p re se n t t im e in e it h e r
w o o len s or w o rste d s fo r m e n ’s w e a r .
M i l l s o u ts id e o f th e
A m e r ic a n C o m p a n y are b u s y , a n d th e m a r k e t r u le s firm fo r
th eir p r o d u c t, p a r tic u la r ly in s ta p le lin e s .
B u s in e s s in o v e r 
c o a tin g s a n d c lo a k in g s h a s b een q u ie t, b u t th e m a r k e t is fir m .
In d ress g o o d s th e d e m a n d h as b e e n m o d e r a te fo r s ta p le
v a r ie tie s a t s te a d y p r ic e s , w ith o n ly a lim ite d b u s in e s s p a s s in g
in fa n c ie s .

Domestic C o t t o n G oods. —T h e e x p o r t s o f c o t t o n g o o d s
fr o m t h is p o r t f o r t h e w e e k e n d in g A p r i l 28 w e r e 8 ,4 3 6
p a o k a g e s, v a lu e d a t $ 1 81 ,8 61 , t h e i r d e s t i n a t i o n b e in g t o th e
p o in ts s p e c if ie d In t h e t a b l e s b e l o w :
Nh w Y o r k :

to

1902.

A p b . 28

1901.

Week. Mince J a n .1. Week. Mince Jan. 1.
G reat B r ita in ............. ..... . . . .
Other E u r o p e a n ____ _ _____
C h in a .... . . . . . . . __. . . . . . . . . . .
In d ia ................... ................
A rabia____ . . . . . . . . . . . . . .
A fr ic a .. . . ........ ................. .
W est I n d i e s . . . . . . . . . . . . . . . . .
M e x ic o .._____ ____ . . . . . . . .
Central A m e rica ...,................
Sou th A m e r i c a .. . . ........... .
O ther C o u n trie s.
........
T o ta l....................... ...........

42
100
697
446
445
33
234
1,000
432

900
65 7
4 3 ,7 7 7
7 ,8 78
7 ,2 5 9
3 ,7 1 5
8 ,6 5 9
914
2 ,6 53
1 6 ,77 4
4 ,2 7 4

53
481
12
168
1 ,578
136

1 ,582
740
1 5 ,973
1,0 76
1 0 ,7 6 9
2 ,341
8 ,0 4 6
71 9
8 ,8 6 2
2 1 ,0 5 1
1 ,921

3,436

9 7 ,3 6 0

2 ,6 99

6 8 ,0 8 0

7

200
69
2

T h e v a lu e o f t h e N e w Y o r k e x p o r t s sin c e J a n . 1 t o d a te
h as been $ 4 ,4 4 8 ,8 6 9 in 1902, a g a in s t $ 8 ,2 4 3 ,8 4 7 in 1901.
T h e h o m e d e m a n d th is w e e k h a s c o n tin u e d q u ie t in b ro wn
sh ee tin g s a n d d r ills a n d b u y in g fo r e x p o r t h a s been v e r y l i m 
ite d , lo w s ilv e r s t ill t e llin g a g a in s t th e d e m a n d fr o m C h in a
a n d o th e r s ilv e r -u s in g c o u n tr ie s.
P r ic e s a re w it h o u t m a 
terial o h a n g e . In d u c k s th e r e h as b e e n an a d v a n c e o f 6 per
cen t in a n u m b e r o f le a d in g lin e s. B r o w n O m a b u r g s a re
q u ie t.
B u sin e ss in b le a c h e d c o tto n s h as b e e n o n a s o m e w h a t
m o r e lib e r a l s c a le , th e m a n u f a c t u r in g tra d e s b e in g c h ie f
b u y e rs.
P r ic e s a re u n c h a n g e d , a p a r t fr o m a n in c id e n t a l r e 
v isio n w it h o u t in flu e n c e u p o n th e g e n e r a l m a r k e t.
W id e
sh ee tin g s a re q u ie t t h r o u g h o u t b u t s te a d y .
I n a ll d e s c r ip 
tio n s o f c o a rse, c o lo r e d c o tto n s th e m a r k e t is s te a d y w i t h a
m o d e r a te d e m a n d .
K id -fin is h e d c a m b r ic s a re q u ie t a t p r e 
v io u s p r ic e s.
T h e r e h as b e e u o n ly a q u ie t d e m a n d t h is w e e k
fo r p rin te d c a lic o e s, b u t p ric es are m a in ta in e d . A l l g r a d e s o f
g in g h a m s , both s ta p le a n d f a n c y , a re fir m .
P r i n t c lo th s
h ave been in q u ie t r e q u e s t and are u n c h a n g e d a t 3 ^ 0 . fo r
r e g u la r s.
F o r e ig n D r y G o o d s — T h e
dress g o o d s is firm fo r a ll th e
a n d fa n c ie s. S ilk s a re s te a d y
co n tin u e s t r o n g , b u t b u sin e ss
and unchanged.

m a r k e t fo r w o o le n a n d w o r s te d
b e tte r q u a lit ie s o f b o th s t a p le s
w it h a fa i r d e m a n d .
L in e n s
is m o d e r a te . B u r la p s a r e q u ie t

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THE CHRONICLE

M a y 3, 1902.]

<)49

Bonds culled are in denomination of $500, dated June 1,
1902. They are all payable June 1, 1912, but are subject to
call June 1, 1902.
Cluckamus County, Ore.— W a r r a n t C a ll .—The County
Treasurer has called for payment county warrants indorsed
% \ iz
(& \ ix o n x t lt .
prior to Nov. 11, 1899, and road warrants indorsed prior to
April 5, 1902. Interest has ceaBed.
P U B LISH E D W EE K L Y.
Crawford County, Fa.— B o n d C a ll .—The Commissioners
Terms of Subscription—Payable in Advance:
of this county call lor payment on July 1, at their office in
O Meadville, the following bonds, interest on which will cease
F or Ono Y ear, including' all S u pplem ents ......................... .............$10 O
0 00 on the above date : No. 10 of $5,000 denomination; Nos. 1 to
F o r Six M onths...................................................- ........................ ............
European Subscription (In clu d in g p osta g e)....... .............. .............. 13 00
7 50 25. inclusive, each of $1,000 denomination.
E uropean Subscription Six Months (including p o s ta g e ). ..............
Polk C o u n ty , Ore.— W a r r a n t C a ll .—The County Treasurer
Tho I nvestors ’ S upplem ent is furnished without extra, charge to has called for payment all unpaid county warrants issued
every annual subscriber o f the C om m ercial and F inancta l C h ro n icl e . prior to Feb. 10, 1900. The amount of the call is about $25,000.
Tho State and C ity Supplem en t is also furnished without extra
Portland, Me.— B o n d C a ll.— Geo. H. Libby, City Treas
charge to every subscriber o f tho C h ro n icle .
Tho St r ee t R a il w a y S upplem ent is likew ise furnished without urer, calls for payment July 1, 1902, at the National Bank of
Redemption, Boston, or at the Merchants’ National Bank of
extra charge to every subscriber o f tho C h ron icle .
The B a n k and Q uotation S upplem en t , issued m onthly, is also, fu r Portland, the 4% funding bonds numbered from 1 to 727, in
nished without extra charge to every subscriber o f tho Ch r o n ic l e .
clusive, issued July 1, 1887. These bonds mature July 1,
1912, but are subject to call July 1, 1902.
Termsflof Advertising1
—(Per Inch Space).
S a la m a n c a T o w n s h ip , C h e r o k e e C o u n ty , K an .— B o n d
Transient m atter (each time) $4 20 Three M onths (13 times) .$29 00 C a ll .—Bonds Nos. 13 to 16, inclusive, issued Jan. 1, 1886,
Six Months
(26 times) . 50 00 were called fo r payment May 1, 1902, at the State fiscal
STANDING BUSINESS CARDS.
Tw o M ouths (8 tim es)...........$22 00 Tw elve Months (52 times) . 87 00
agency in New York City.
W I L L I A M H . D A N A JC O M P A N Y , P u b lis h e r s ,
Spokane, Wash.— W a r r a n t C a ll. —M. H. Eggleston, City
Treasurer, calls for payment May 9 warrants Nos. 7, 8 and
P in e S tre e t, c o r n e r o f P e a r l S tre e t,
P ost O f fic e B o x 958.
N E W Y O R K . 9 of the Hamilton Street sidewalk fund District No. 1; also
for payment May 1 of Redemption and Judgment Fund war
rants Nos. 14,009 to 14,023, inclusive.
Index.
T e n n e s s e e .— B o n d s P u r c h a s e d .—The State Treasurer on
An index to all the news matter appearing in this Depart April 24 purchased $11,800 %% State of Tennessee settlement
ment for the period from Jan. 4, 1902, to April 5, 1902, in bonds from John B. Manning of New York City, paying for
clusive, was published in the Chronicle of April 12, 1902, the same 96 and interest. On April 23 $32,000 bonds of
the State were purchased from the same party at the same
pages 794, 795, 796 and 797.
rate.
T e r n o n T o w n s h ip , C la r k C o u n ty , M o .— B o n d C a ll .—In
C a lifo r n ia .— T a x a tio n o f M u n icip a l B o n d s .—In our edi
torial columns on page 916 will be found a communication terest will cease May 10, 1902, on bonds Nos. 12 and 13 for
bearing upon the liability of municipal bonds in California $1,000 each and Nos. 14 to 18, inclusive, for $100 each. In
to taxation and referring to the proposed amendment of the terest was at the rate of $6$ and bonds were dated May 12,
Constitution of the State for the purpose of exempting such 1886.
W a s h in g t o n .— W a r r a n t C all .—The State Treasurer called
bonds from taxation.
C e n tr a l I r r i g a t i o n D is t r i c t , Cal.— B o n d s I n v a lid .—The for payment April 26 outstanding warrants Nos. 84,133 to
San Francisco “Chronicle” states that the Superior Court of 85,137, inclusive. The amount of the call is $82,523 69. Call
Glenn County has declared void all bonds (whether sold or is also made for April 28 of Capitol building fund warrants
unsold) of this district. The district was organized under Nos. 187 to 159, inclusive, amounting to $1,911 35.
West C h ic a g o P a r k , C h ic a g o , 111 — B o n d C a ll .—The fol
the Wright Law in Colusa and Glenn counties in 1887, and
$750,000 bends were authorized to be issued, of which amount lowing town of West Chicago bonds have been called for pay
ment July 1 by the West Chicago Park Commissioners at
$574,000 were sold.
K e a r n e y County, K a n sa s.— B ond D e c is io n .—Judge J. F. the office of the Treasurer at the Chieago National Bank :
Philips of the United States Circuit Court rendered a de Five per cent bonds, dated July 1, 1897—Nos. 11, 6 6 ,1 2 7 ,1 6 3 .
165, 176,
cision on April 18 in favor of the holders of certain bonds of 281, 292. 188, 193, 196, 197, 199, 201, 202, 223, 226, 287, 246, 269,
.
this county. The case involves the validity of $46,500 bonds,
Five per cent bonds, dated July 1 ,1 8 9 5 —Nos. 47, 83, 112, 124,
with interest from 1888, and has been in the courts for nearly 131, 132, 144, 147, 157, 165, 183, 1 8 7 ,1 8 9 ,2 3 4 ,2 7 6 ,3 0 7 . 308, 333,
437, 443,
518,
a decade. Application has been made for a new trial and 355, 377, 420, 421, 428, 436, 599, 600. 450,475, 484, 499,. 501, -HWag
532, 540, 554, 559, 564, 573,
\
the matter has been taken under advisement by Judge Five per ot. bonds, dated July 1,1891—Nos. 24, 31, 86, 46,1:56,
58, 64, 94, 97, 100, 103, 104, 112, 124, 132, 162,173, 190, 216,
Philips,
220, 233, 247, 254, 303, 307,
384, 399, 416,
457,
New Y o r k C ity .— C ity B u d g e t .—On April 30 the Board of 473, 527, 528, 544, 550, 564, 839, 365, 641, 646, 661, 436, 456, 706,
571, 588,
678, 705,
Estimate and Apportionment adopted the rev ised city budget 715, 738, 742, 758, 763, 765, 779, 780, 782, 786, 794, 810, 820, 821,
for the year 1902. The figures as finally approved give $98,- 822, 833, 841, 854, 864, 892, 898, 907, 918, 928, 933, 941, 944, 959*
619,600 88 as the aggregate of the appropriations for all pur 964,97 9,98 7,99 0, 995.
Whitman County, Wash.— B o n d s R ed eem ed .—This county
poses, while the original budget approved last October
amounted to $97,974,541 83. The increase is in part the result on April 1 redeemed $90,000 outstanding bonds of the $200,of various changes made with the view to making adequate 000 issue subject to call on that date.
provision for the city’s needs, and in part the result of the
omission from the original budget of items which the new
Bond Proposals and N egotiations this
administration claim should have been included in the first
place.
week have been as follows :
R e d o n d o Beach, Cal.— B o n d s In v a lid .—The following is
A b in g t o n , Mass.— L o a n A u th o r iz e d .—On March 26 this
taken from the Los Angeles “ Times
notes or bonds for the pur
R e d o n d o , March ZB.—In January, 1900, Redondo Beach, which is a city o f town voted to issue $43,000
the sixth class, undertook the issuance o f bonds fo r the purpose o f grading, pose of purchasing land and erecting a high-school-building.
guttering, curbing and sewering certain streets. The proper ordinances were Interest will be payable semi-annually. Principal will ma
passed and finally the bonds and coupons, which it is ordinarily the duty o f
the City Treasurer to sign, were prepared. T he Treasurer peremptorily re ture $3,000 yearly in 1903, in 1904 and in 1905 and $2,000
fused, and the authorities o f the city Bued out a writ o f mandate to compel yearly from 1906 to 1922, inclusive. Date of sale not yet de
him to do so. T he demurrer o f the defendant Treasurer, based upon the alle
gation that there was no authority to issue municipal bonds fo r the purposes termined.
named, was sustained by the Superior Court. The Supreme Court in San
A d d y s to n , O h io .— B o n d S a le .—On April 19 the $4,500 30Francisco, in affirming this decision to-day, says the objection o f the Treas
urer is valid and justifiable, as the A ct o f March 19,1899, authorizing the issu year street-improvement bonds were awarded toP. S. Briggs
ance o f municipal bonds, does not authorize their issuance fo r the purposes
named, except when the cost o f im provements proposed would be too great to & Co., Cincinnati, at 102 for 4 per cents. Following are the
bids :
be paid out o f the ordinary annual incom e and revenue o f the municipality.
St. Croix County, WiS.—L itig a tio n .—The following is
P. S. Briggs & Co., Cincinnati... 102‘00.!; |State Sav. Bank, Toledo..0? . .. ..110'377
taken from the Milwaukee “ Sentinel

8TAT£ AND 0 ITT DtfAWWfWT.

H u d so n , Wls., A p r il!.—Theinterest and 46,000 o f the principal were recently
due upon the bonds fo r the construction o f the county insane asyluru. The
County Treasurer, however, has refused payment because he has been en
joined from paying the Interest on the new court house bonds, which are
alleged to be void. The bonds are practically alike in their legal status and
both amount to about 4100,600. The litigation arose out o f the desire o f a l ew
persons to head off the building o f the court house at H udson in the hope that
the location might be m oved to Hammond.

Bond Calls and Redemptions.
C a pe G ir a r d e a u ( M o .)

S ch ool

D is t r i c t .— B o n d C a ll.—

Geo. E. Chappell, Secretary, calls for payment May 15 at
the Third National Bank of St. Louis bonds Nos. 8 and 9 of
$500 each. Securities are dated July 1, 1890, and carry 5%
interest.
C in c in n a t i, O h io .— B o n d C a ll .—The following bonds have
been called for payment June 1, 1902, at the Ameiican Ex
change National Bank, New York City :
1160,000 4j£ additional pavement bonds Nos. A 1201 to A 1600, Inclusive,
a00 000
additional pavement bonds Nos. A 1501 to A 2100, Inclusive.
; 00,060 4% bowlder pavement bonds Nos. 1 to 800, inclusive.
66,000
avenue bonds Nos. 1 to 110, Inclusive.:

P. S. Briggs f c o 5
.fcm ?m natl...n3'033 |R‘ K)eyb° lt0 & C ° " Cincln .........1O‘ 0G

For description of bonds see C hronicle March 29, p. 691.
A k r o n , O h io .— B o n d O fferin g .— J.
will sell at auction at 10 a . m ., May

V. Mahar, City Clerk,
10, the following bonds:

43,500 6* Lods Street sewer bonds, maturing 41,000 in one year, *1,000 in two
years and $1,500 in three years.
9,600 5% South Street sewer bonds, maturing 43,000 in one year, 43,000 in two
years and $3,600 in three years.
25,000 b% Grant Street assessment bonds, maturing 16,000 each year fo r 6 years.

All the above bonds are in denomination of $500, dated
May 10, 1902. Interest will be payable semi-annually at the
National Park Bank, New York City.
Albany, N. It.—B o n d s Authorized.—The issuance of $35,000
1-20 year (serial) school bonds has been authorized.
A lb a n y , S te a r n s C o u n ty , M in n .— B o n d O fferin g . —Propo
sals will be received until 10 a . m ., May 24, by Thos.
Tamasek, Village Recorder, for $7,000 water-works bonds.
Securities were authorized at an election held April 18, 1902.
They are in denomination of $500, dated May 1, 1902. In
terest will be at a rate not exceeding f>%, payable annually at
the National Bank of Commerce, Minneapolis. Principal

THE

CHRONICLE

w ill tu .fure $500 yearly on May 1 from 1904 to 1914, inclu
give, and $1,500 on May 1, 1915.
liiacu u d a, Mu lit,—A'o Bond E lection. —Some o f the papers
stated last m onth that an election woutd be held on April 7 to
vote on the question o f issuing $300,000bonds. This, we are
advised, is an error, as no election was held on A pril 7 to
vote bonds, nor is there to be any such election.
A ndover, Mass —Bond Offering.—
Proposals will be r e 
ceived until 8 t*. si., May 8, by Geo. A. Parker, Tow n T rea s
urer, for $'15,000 '£%% coupon water bonds issued under
authority o f Chapter 278, Laws o f 1901, Securities are in
denomination of $1,000, dated A pril 1, 1902, Interest w ill
be payable semi annually at the National Exchange Bank in
Bo.-don, Principal will mature fd,000 yearly on A pril 1
from 1903 to 1927, inclusive. The legality o f these bonds
has - u passed upon by Messrs. Storey, Thorndike, Palmer
& Thayer, Boston,
A shland, O h io,— Bond Sale,— On A pril 29 the $60,000 4#
sewer bonds described (in the Chronicle last week w ere
awai-lad to the First National Bank o f Ashland at 105T1,
Bayonne, N. J .—Bond Sale.—'This city has sold to parties
uot named an issue of $50,000 4% 6-year im provem ent bonds
dated May 1, 1902, The $100,000 school bonds offered but
not sold on A pril 1 have not yet been disposed of,
B ea trice, tieh.—Bonds Authorized.—The C ity Council on
A pril 23, according to local dispatches, passed an ordinance
providing fo r the issuance o f $50,388 3$ refunding bonds.
B enn in gton (V t .) S ch ool D is trict.—L ean Negotiated,—
This district on A pril 24 negotiated with the National L ife
Insurance Co, of M ontpelier the $25,000 refunding loan m en
tioned in the C hronicle A pril 19. Interest on the loan is at
the rate of %%% and w ill be payable semi-annually. P rin ci
pal will mature on A pril 24 $3,000 each year from 1903 to
1909, inclusive, and $4,000 in 1910.
B ilo x i, M iss.— Bond Elect ion,— On May 7, 1902, this city
w ill vote upon the question of issuing $40,000 bonds for
w ater-w orks purposes.
B oise City, Ada County, Id a h o .—B ond E lection .— The
M ayor has called an election M ay 8 to vote on the question
of issuing the follow in g gold bonds :
$12,500 bonds fo r fire-department building.
8,SCO bonds i or stone crustier and street roller.
i.OtO bonds for library site.

Securities, if authorized, w ill carry interest at a rate not
exceeding 5%, payable semi-annually. Principal w ill mature
in 20 years, su bject to call after 10 years.
B o w lin g Green, Ohio.— C orrection .—In the C hronicle
A pril 19, on page 844, in noticing the offering fo r M ay 10 o f
4% refunding bonds, we are made to say that the am ount o f
such bonds offered is $8,500, whereas the am ount should have
read $6,800. The rest o f the details concerning the bonds
w ere correctly stated, except that one bond (that m aturing
M arch 1, 1921,) is for $600.
B ra d ford , Ohio.—Bonds D efeated.— This tow n has voted
against the issuance o f bonds fo r a light and water plant.
B u tle r County (P . 0 . H a m ilton J, O h io .—Bond bale. - O n
A pril 25 the $12,000 4% county-debt refunding bonds were
awarded to Denison, P rior & Co,, Cleveland, at 106’28— a
basis of about 3’437$, and the $10,000 4 & court-house debt r e 
<
funding bonds were awarded to J. F. W ild & Co., Indian
apolis, at 106T0—a basis o f about 3'453$, F ollow in g are the
bids ;

$13,000 B o n d s.
$10,000 Bds.
Denison, Prior & Co., Cleveland................... .... $13,753 60
$10,644 00
J. F. Wild & Co., Indianapolis.............. ............... 13,815 00
10,610 00
W. J. Hayes & Sons, Cleveland......... ................. 12,717 00
10,530 00
10,497 50
Parson, Leacb & Co., Chicago................ ............ 12,675 00
Seasongood & Mayer, Cincinnati......................... 13,652 32
10,453 60
12,608 20
10,444 00
R. Kleybobe & Co., Cincinnati........................ .
Oglesby & Barnitz, Middletown......... ................ 12,60100
10,450 00
P, S. Briggs & Co., Cincinnati .............................. 12,600 00
10,425 60
Second National Bank, Hamilton.
............... 12,492 O
O
10,36100
S, Kahn & Sons, Cincinnati — ............................ 12,450 00
10,420 00
MacDonald, McCoy & Co., Chicago......................
For all@$23,S61
F. Xi. Fuller & Co., Cleveland................... ......... For all.® 22,805
Feder, Holzman & Co„ Cincinnati.......................
For all@ 22,486

F or description o f bonds see Chronicle A pril 19, p, 844.
C am bridge, O h io,— Bond Sale.— On A pril 21 the tw o issues
of 5% 1-10-year street-paving bonds, aggregating $17,762 20,
/ and the seven issues o f 5$ 1-10-year (serial) sewer bonds, a g 
gregating $9,830—a total o f $27,592 20—were awarded to
Seasongood & M ayer, Cincinnati, at 1Q4’141— basis o f about
-a
4T5L F ollow in g are the bids :
Premium.
Seasongood & Mayer, Cincln..$1,14280
Demson, Prior & Co., Cleve... 1,800 00
State Sav. Bank. Toledo_____ 1,191 75
W . J. Hayes & Sons, Cleve_ 1,13199
_
L&mprecht Bros. Co., C leve.. 985 76

I
Premium.
W , R. Todd & Co.. C incinnati...$965 00
I Harry E. W eil & Co.. Cincin— 186 88
I R. Kleybolte & Co., Cincinnati.. 360 00
F. L.^Fnller & Co., Cleveland... 5800
|

[V o l . L X X IV ,

June l, 1902, were awarded to 'h e Citizens’ National Bank of
Charles City at 101 375, F ollow in g are the bids :
Citizens’ Nat. B'k, Charles City.101-375 I Commercial Nat. Bank, Charles
Duke M. Parson, C h ica g o ....... ..X00’ 3?
W,

C U y............. .............. ..... ...

J, Hayes & Sons, Cleve........iOO’ 17 I N. W. Harris

&

. 10013

Co., Chicago.. h .0‘00

Securities are in denomination o f $500 and the interest will
be payable aemi-aunually at the office o f the City Treasurer.
Chicopee, Mass.— Loan Ordered.—The Alderm en have
passed an order providing for a 10 year loan to be negotiated
with the Springfield institution fo r Savings. The loan is
for school purposes.
C in cin n a ti, O.—Bond Offering.—A s previously announced,
this city w ill receive bids until 12 M. May 22 fo r $8,000,000
3)4% 30-50-year (optional) refunding Cincinnati Southern R ail
way bonds. The official notice o f this offering w ill be found
among the advertisements elsewhere in this Department.
C learfield (P a .) S ch ool D istrict.— Maturity o f Bonds .—
W e are advised that the $10,000 %%% bonds to be offered for
sale on May 17 w ill m ature in 30 years, su bject to call after
10 years. For details of this offering see Chronicle last
week, page 901.
C olorado S prings, C olo.—Bond Offering.— Proposals w ill
be received until 7:80 p. m ,, May 5, by K M. Macmillan,
City Clerk, for the $35,000 water-extension, the $1.0,000 waterextension, the $60,090 reservoir and the $34,000 water ju d g 
ment 4% bonds mentioned in the C h r o n ic l e last w eik . Secu
rities are in denomination o f $1,000, dated May 1, 1902. In 
terest will be payable semi-annually in gold at the office o f
the City Treasurer or at the Chemical National Bank o f N ew
York City. Principal w ill mature in 15 years, su bject to
call after 10 years. A certified check for 5# o f the am ount
o f bid drawn on a local bank must accom pany proposals.
C olum bia C ounty (W a sh .) S ch ool D is tr ic t No. 2.— Bids
Rejected— Bond Offering.—W e are advised by the County
Treasurer that, ow in g to irregularities in the advertisement,
all bids received A pril 21 fo r the $50,000 school bonds de
scribed in the C h r o n ic l e A pril 5 were r e j ected. Bids are
again asked for these bonds, this time until May 19,
Colum bus, O hio.—Bonds Authorized,— The City Council
has passed an ordinance authorizing the issuance o f $13,000
4% Central A venue im provem ent bonds. Securities are in
denomination o f $1,000, dated M arch 1,1902. Interest w ill
be payable semi-annually.
The City Council has 'also passed the ordinance providing
for the issuance o f $175,000 3 jf# 10 20-year (optional) electriclight works bonds. Securities are to be in denom ination o f
$1,000, dated M ay 1, 1902. Interest w ill be payable semi
annually at the office o f the City Treasurer,
Concord, N. H„— Bonds Proposed,— It is stated that the
question o f issuing $35,000 school-house bonds is being con 
sidered.
C oryell County, T exas.— Bond Sale.—W@ are advised that
$12,000 o f the $85,000 court-house bonds called fo r payment
A pril 10 (the advertisement of w h ich call appeared in the
C h r o n ic l e o f March 8) w e r e paid off in cash; that refunding
bonds were issued to take up the rem aining $73,000, and that
o f these latter $57,000 w ere sold to the State Board o f E duca
tion and $16,000 to the Coryell County School Fund. The
new bonds are in denomination o f $1,000, dated A pril 10,
1902. Interest w ill be at the rate o f 3’ 70$ and the principal
will mature A pril 10,1942, su bject to call after A pril 10,1907.
C ripple Creek (C o lo .) S ch ool D is tr ic t No. 1.—B onds
Voted.— This district on A pril 16 authorized the issuance of
$50,000 refunding bonds by a vote o f 53 to 48. Bonds w ill
mature $5,000 yearly from 1912 to 1921, inclusive. A ll bonds,
however, are under the statutes su bject to call after 10 years.
The issue, we are advised, w ill be sold at private sale.
Crystal F alls, M ich ,— Bonds Voted.— This city has voted,
it is stated, to issue bonds fo r electric lights and for water
works.
Davies County, Mo. —Bonds Defeated. —The question o f
issuing $75,000 court house bonds failed to carry at the elec
tion held A pril 22, 1902,
Deep R iv er, Iow a. —B ond O fferin g —Proposals w ill be re
ceived until May 5 by H, L. Connell, M ayor, fo r $6,000 5#
5-10-year (optional) water-works bonds. Interest w ill be
payable semi annually at the State Bank o f Deep River.
Blank bonds are to be furnished by the successful bidder,
and all proposals must be accom panied by a certified check
for $ L O
O.
Bast L iv e rp o o l (O h io ) S ch ool D is t r ic t — Bond Offering.—
Proposals w ill be received until 12 M,, M ay 12, by tne Board
o f Education— W alter B. H ill, Secretary—fo r $20,000 44
school-house bonds, Securities are issued under the author
ity o f sections 3991-8993, Revised Statutes o f Ohio, They are
in denomination o f $500, dated July 1, 1902, Interest w ill be
payable semi-annually at the office o f the Treasurer o f the
city o f East Liverpool. Principal w ill mature $1,000 yearly
on July 1 from 1910 to 1929, inclusive. A certified check lor
$500, payable to the Clerk o f the Board o f Education, must
accom pany proposals.
East M cK eesport (P a .) S ch ool D istrict.— Bond S ale—On
April 26 $18,500 5$ coupon bonds were awarded to Denison,
Prior & Co,, Cleveland, at 106 017 and accrued interest, F ol
low ing are the bids :

F or description o f bonds see C hronicle A pril 12, p. 792.
Capac, M ich .—Bond Offering,—Further details are at hand
relative to the offering fo r sale o f $17,500 4% w ater bonds.
Proposals for these bonds w ill be received until 7 P. M., May
5, by A , S MeEntee, V illage Clerk. They are in denomina
tion o f $500, dated M ay 1. 1902. Interest will be payable
February 1 and A ugust 1 at the Capac Savings Bank. P rin
cipal w ill mature 24 years after date. The purchaser w ill be
required to furnish blank bonds ready fo r execution. A cer
tified check or bank draft for $500, payable to the V illage o f
Capac, must accom pany proposals.
Carlstadt, N. 3.—Bond Sale Postponed.—The sale o f $10,000 15-year refunding bonds, bids fo r w h ich were originally
asked for until May 1, has been deferred until May 15.
Denison, Prior A Co., Cleve.. 114,310 25 ] Lampreoht tiros. Co.. Cleve. $13,116 95
Center In dep en d en t S ch ool D is tr ic t No. 48, S h elby W. J. Hayes & Sons, C lave.,,. 14.289 60 |
Securities are in denom ination of $500, dated May 1. 1903
County, T exas.— Bonds A p p rov ed .— The Attorney-G eneral
Interest w ill be payable semi-annually. P rincipal will m a
has approved an issue o f $4,u00 bonds o f this district.
C harles City, I o w a — Bond Bate.—On A pril 28 $10,000 4# ture $500 yearly ou May 1 from 1008 to 1918, inclusive, and
5 20-year (optional) refunding water works bonds, dated $1,000 yearly on May I from 1914 to 1931, inclusive.

May 3, 1902.]

1HE

C H R O N IC L E

951

Eden Valley, M eeker County, M inn.— Bond Election.— An
election will be held May 5 to vote on the question o f issuing
$10,000 water bonds.

principal will mature J u re 2, 1912. A certified check for
$150 must accom pany bids.
Ith aca, N. Y.—Bond Sale.— On April 24 an m ue o f $25,000
Elk River School District, Sherburne County, M inn .— bonds was awarded to the Ithaca Havings Bank as 3-3 per
Bond Offering.— Proposal^ w ill be received until May 5 by cents. Securities will mature $5,000 yearly on July 1 from
this district for $8,000 4# 10-year school-im provem ent bonds. 1903 to 1907, Inclusive.
Securities ware authorized at an election held A pril 21. In
Jefferson County (P . O. W a tertow n ), N. Y.—Bond Sale.—
terest will be payable annually at the Security Bank of M in On A pril 28 the $50,000 %%% 2-11 year (serial) county-build
ing bonds were awarded to the Jefferson County Havings
nesota of Minneapolis.
F all R iv er, Mass.—Bond Offering.—Proposals w ill be re Bank o f W atertow n at 101— a basis o f about 3-328#. F ollow 
ceived until 10 A, M , May 8, by Charles P. Brightm an, City ing are the bids :
JvlI'ernon Co. Havings Hunk...... 10P 00J l Edmund Seymour & Co., N. Y ..100-67
Treasurer, for the follow in g bonds :
Lamprocbt Brow. C o.,C lave.... 1OO'03 W .J. Ilu yen * Bonn, Clove...... 100’14
$100,000 Sh4% 80-yoar special sewer loan, Issued undor Chapter 107, l.aw sof 1002.
60,C O8k* 80-yoar special reservoir loan, Issued under Chapter 114, Laws
O
ot 1891.
26.000 814% 50-year special park loan, lssuedlunder Chapter 281, Laws o f 1902.
120.000 8k* 10-year high way loan.
80,000 3)4% 10-year paving loan.

Denison, Prior A Co.. Cleve......100'67 I

For description o f bonds see C hronicle April 19, p. 844.
Kewanee, 111.—Bond Sale.—A n issue o f $10,000 4% 8%year (average) water bonds, it is reported, has been sold to
the Union National Bank of Kewanee at 102-72.
Securities are all dated A pril 1, 1902, and will be registered
K iltery, Me.—Ronds Defeated.—This tow n on April 28
in denominations o f $1,000 or any multiple thereof. Interest voted down a proposition to issue $15,000 road-repair bonds.
will be payable semi annually by check. A ccrued interest
K n ox County, In d .—Bonds Authorized.—It is stated that
is to bs paid by purchasers. A certified check for 2% o f the an issue of $35,000 4# 5-11-year (serial) bonds.has been au
amount bid for, drawn on some national bank, must accom  thorized.
pany proposals. Separate bids are requested for each loan.
K nox County, O h io .—Bonds Defeated.—The proposition
F itzgerald, Ga.— Bond Offering— Proposals w ill be re to issue $30,000 ja il bonds was defeated by a small m ajority
ceived until 2 p . M., May 26, by Thos. W ilson, Mayor, for at the election held A pril 7.
$11,000 5# funding and $7,000 5# city-hall bonds. Securities
La Crosse, W is .—Bond Offering.—Proposals w ill be re
are in denomination o f $1,000, dated June 2, 1902. Interest ceived until 2 p. m ., May 15, by Lemuel W . Gosneli, City
w ill be payable semi annually and the principal w ill mature Clerk, for the follow in g bonds :
June 2,1932. A certified check fo r $300 must accompany $10,000 SU% 10-20-year (optional) water and sewer-extension bonds, dated June
1,1902.
proposals. The issuance o f these bonds was validated and 16,000 3)4% 10-20-year (optional) street-improvement bonds, dated July 1,1902_
continued by the Judge o f the ^Superior Court on A pril 21,
Securities are in denomination o f $1,000. Interest will be
1902.
Fresno S ch ool D istrict, Fresno County, Cal.— Ponds payable semi-annually at the cffice o f the City Treasurer.
Luke County, O hio .—Bonds Defeated.—The proposition to
Fofed.—The election held A pril 19 resulted in favor o f issu
in g the $75,000 5% gold bonds described in the Chronicle issue $20,000 bridge bonds voted upon at the election held
A pril 19. The date lor the sale o f these bonds has not yet April 7 failed to carry,
L am berton, M in m —Bond Election.—A n election w ill be
been fixed.
G ain esville, Ga.— Bond Election.— We|are advised that an held May 5 to vote on the question o f issuing $5,000 lightingelection wili be held in this city on May 6, when the ques plant bonds.
Lampasas Com ity, T exas.—Bond Sale.—W e are advised
tion of issuing $50,000 4# bonds—$20,000 for sewers, $20,000
for public schools and $10,000 fo r street im provem ents— will that the entire $10,000 refunding bridge bonds mentioned in
the Chronicle April 19 have been sold, being taken in part
be submitted to the taxpayers,
Grand R apids, M ich.— Bond Offering. - Proposals will be by the State Permanent School Fund and the remainder by
received until 4 p , m ., May 12, by Isaac F Lam oreaux, City the Permanent School Fund o f the county.
Lancaster (S . C.) S ch ool D istr ic t .—Bonds Voted.—W e
Clerk, for $100,000 4% 20-year bridge bonds. Securities are
in denomination o f $500. Interest will be payable semi-an are advised that this district has voted to issue $15,000 20nually in Grand Rapids or in New Y ork City. A n uncondi year school-house bonds by an overwhelm ing m ajority.
La Rue, Ohio .—Bonds Defeated.—This village on A pril 7
tional certified check fo r $4,000 must accom pany bids.
G rant County S ch ool D is trict No. 38 (P . O. B a rre tt), voted against the issuance o f $10,000 electric light bonds.
L in n eu s(M o.) S ch ool D istrict.— Bond Rale.— This distiict
M inn.— Bond Sale.- On A pril 26 the $5,000 10-year bonds,
dated May 1, 1902, were awarded to T. B. Potter o f Chicago has sold an issue o f $10,000 4% 5-20 year (optional) building
bonds voted at an election held early last month.
at 100-06 for 4% per cents,
Las Anim as County (C o lo .) S ch ool D istrict No, 1 .—Bond
G reen ville, P a.— Bond Sale Postponed.— The sale o f the
$20,000 4% building bonds advertised to take place on May 1 Election.—An election w ill be held May 5 to vote on the
was indefinitely postponed. This action, w e are advised, question o f issuing bonds for school-building purposes.
Lucas County, Ohio.— Bond Sales.— On A pril 29 the fo l
was owiDg to a desire o f citizens to change the site fo r the
proposed building and possibly to increase the amount o f low ing bids were received for the four issues o f bonds fu lly
described in the Chronicle A pril 19, 1902 :
bonds to be sold to $30,000.
H arrisbu rg (P a .) S ch ool D istrict.— Bonds Proposed .—The
$37,6004%’ $3,561 00 416% $5,0004)4%
27.008 4%
Road
Bitch Bitchred’n
Bridge
issuance of $105,000 3# 5 30 year bonds is under consideration.
Bonds.
Bonds.
Bonds.
Bonds.
H artford (C onn.), South Sch ool D istrict.— Bond Offering. Second National Bank, T oled o..$647 00
$43 00
$*1 U0
.$647
$450 00
423 75
53 26
SO 40
Merchants’ Nat. Bank, T oledo.... 497 10
—Proposals will be received until 12 M., May 13 by C, T. Toledo Bond Co............................. 626 00
74 50
437 25
37 50
34 00
W elles, Treasurer, for $65,000 3)£# coupon school-house Lamprecht Bros. Co., Cleveland.. 407 10
2130
247 50
50 25
333 75
36 25
Denison, Prior & Co., Cleveland.. 450 30
bonds. Securiiies are in denomination o f $1,000, dated May W . J. Hayes.& Sons, Cleveland... 435 00
6010
262 00
33 00
98 75
3 50
5 00
1, 1901. Interest w ill be payable semi-annually and the prin Seasongood & Mayer,Cincinnati.. 243 CO
00
21 00
103 00
Spitzer & Co., Toledo..................... 817 00
17 00
cipal will mature May 1, 1931,
47 40
32 10
56
Security Trust Co., T oledo_____. 120 65
36 80
53 50
Hem pstead, Nassau County, N. Y.— Bond Sale— On April State Savings Bank, Toledo .. ..
42 60
30 00
25 this village sold $3,000 “ New B oiler (water-works) bonds” H. E. Weil & Co., Cincinnati......
The stone road im provem ent, the bridge and the ditchand $6,900 water works extension bonds to the Hempstead
Bank o f Hempstead at par fo r 3)^ per cents. Securities are redemption bonds were all awarded to the Second National
in denomination of $100, dated May 1, 1902. Principal will Bank o f Toledo, while the $3,561 60 ditch bonds w ere dis
mature $*00 of the $3,000 issue and $3C0 o f the $6,900 issue posed o f to the Merchants’ National Bank o f Toledo.
M acon (M o .) S ch ool D istrict .—Bonds D efeated — An
yearly on May 1, beginning in 1905.
H en rico cou n ty , Ya .—Bonds Proposed.—The question of election was held in this district March 25 at w hich the prop
holding an election to vote on the issuance o f $250,000 street- osition to issue $40,000 school-building and im provem ent
bonds failed to carry.
improvement bonds is beiDg discussed.
M alden, Mass.—Bonds Prcposed.—This city proposes to
H ighlands Sch ool D istrict No. 2, H ighland F alls, N. Y.
—Bond Offering.— Proposals will be received until 2:30 p . m ., issue $17,000 bonds fo r the erection o f a new fire station.
M ansfield, O hio .—Bond Offering.—Proposals w ill be re
May 15, for $13,000 4% bonds. Securities are dated M a y ‘ l,
1902. Interest w ill be payable semi-annually.
Principal ceived between the hours o f 10 A. m . and 2 p, m , May 19, by
will mature $1,300 yearly on November 1 from 1905 to 1914, F. M. R em y, City Clerk, fo r $17,800 bonds as follow s :
$800
inclusive. The bonded debt o f the district, including this 6.000 6% 1-3-year (serial) W est First Street assessment bonds.
6% 1-3-year (serial) Wayne Street assessment bonds.
issue, will be $21,000. The assessed value o f property is 5,600 5* 1-3-year (serial) South Main Street sewer-assessment bonds.
3.000 5% 1-3-year (serial) Lexington Avenue sewer asseBsment bonds.
given as $750,100.
2,500 5% 1-8-year (serial) W est First Street sewer-assessment bonds.
H ills b o ro (N . Dak.) Sch ool D istrict.— Bond Offering.— 1.000 5% 1-3-year (serial) Bast Second Street sewer-assessment bonds.
Proposals w ill be received until 9 A. m . May 6 for $4,400 5# 20Securities are in denominations o f from $100 to $500, dated
year school bonds, dated A pril 1, 1902. A certified check for May 19, 1902. Interest will be payable annually. A certi
$100 is required. Win, Barclay is Clerk Board o f Education. fied check for 10# o f the bonds bid for, drawn on one of the
Hudson County (P . 0 . Jersey C ity), N. J .— Bond Sale.— local banks in favor of F. M. Remy, City Clerk, must accom 
W e a re advised that the $04,000
20 year gold registered pany proposals, which are to be made on form s furnished by
r e fu n d in g bonds described in the C h r o n ic l e last w e e k have the City Clerk.
been sold to the Sinkir. g Fund Commissioners at par.
Mauch Chunk, Pa.— Bond Sale.—W e are advised that the
Hyde P ark , Ohio.—Rond Sale.— The $10,000 4% 20-year $25,000 'd%i bonds offered fo r sale on A pril 15 wili all be
sidewalk bonds and the $3,500 4% 20-year fire-department taken by local investors. The bonds were described in the
bonds offered for sale on April 2 have been awarded to Sea- Chronicle A pril 12, p. 793.
songood & Mayer, Cincinnati, at par. F or description of
M elrose, Mass.— Bonds Proposed.—The Board o f A iderbonds see Chronicle March 15, p. 592.
men has passed an order authorizing the M ayor to borrow
Iona, M urray County, M inn.— Bond Offering.—Proposals $100,000 for surface drainage.
will be received until 2 p. m., May 20, by J. J. Griffin, City
M idland, M ich.— Bond Rate.—The $3,000 4# 10 year w a'er
Recorder, fo r $4,7o0 5# gold water-works bonds. Eight bonds bonds dated A pril 1, 1902, mention o f w hich was made in tbe
are in denomination of $500 and one o f $700, all being dated C h r o n ic l e March 22, have been sold to the First National
Jane 2, 1902. Interest will be payable semi annually and tbe Bank o f Flint at par and blank bonds free o f charge.

952

IHE CHRONICLE

[VoL. LXXIV.

M ilwaukee, W is.—Bond Offering. — Proposals will be re
P hilad elp h ia, P a .—Bond Ordinance,— An ordinance has
ceived until 10 a , ii . May 8, by the Commissioners o f the been introduced in the City Councils providing for the issu
Public Debt at the office o f the City Comptroller, for the fo l ance of the $5,000,000 bonds voted for various improvements
at the general election held last fall. Under the ordinance
lowing b o n d s :
|85,000
1-20-year (aerial) bridge bonda, uigbty Lein# o f $1,000 each and. the interest rate is limited to 3%$, payable January 1 aud
i-wouty o f |W each.
SO
July l in Philadelphia. Principal will mature in 30 years.
60,1)00
1-20-year (aerial) park bonds, forty of $1,000 each and twenty o f
Bonds will be made free from all taxes. This ordinance is
Securities are ail dated Jan. 1, 1902, and the interest will required to be published In local papers for four weeks before
be payable semi annually at the office o f the City Treasurer being brought forw ard for passage.
or at the Morton Trust Co., New Y ork City,
Pim a County (P . 0 . Tucson), A riz.—Bond Sale.—Oa April
Modesto irrig a tio n D istrict, Stanislaus County, Cal.— 21 the $25,000 4% 50-year gold refunding bonds described in
Bonds to be Ismael.—W e are advised that the new issue of the C h r o n ic l e April 19 were awarded to Julia Cunningham,
$1,056,611 5$ funding and refunding bonds voted at the guardian o f A . T, Bisbee, at 100 75 and accrued interest—a
election held early this year are now being signed and will basis of about 3'066$.
be. issued to the holders of the old bonds In exchange for
P in e Island, Minn .—Bond Offering,—Proposals will be re
their holdings at par. The old bonds aggregate $800,000, ceived until 8 P. m , May 10, by D. C. Sheldon, V illage R e
and the interest that has accrued thereon is $306,5 ll. The corder, for $4,000 funding bonds, to be issued under Chapter
floating debt, also to be retired by the new bonds, amounts 223 o f the General Laws o f 1899, and which were authorized
to $50,000, The new issue is dated May 1, 1903, and one- at an election held March 11, 1902. Interest (to be named in
twentieth of the bonds is to be retired yearly after twenty bid) must not exceed 4*4% and will be payable semi-annually,
years. Interest will be payable Jan. 1 and July 1 in Modesto. Bonds are in denomination o f $500, the first one becoming
M onroe City, Mo.—Bond Election,.—A special election has due on May 1, 1907, payable at the Bank o f Pine Island. The
been ordered for May 10 to vote on the question o f issuing official circular states that the village has never defaulted in
$15 000 electric-light-plant bonds.
payment o f its obligations and that there is no litigation
M ontgom ery Township, Ashland County, O hio.—Bond affecting these securities. The total bonded debt, including
Sale.—On April 28 the $10,000
road-improvement bonds this issue, is $8,000; total assessed valuation, $152,107; total
described in the C hronicle A pril 12 were awarded to the actual valuation, $416,300. Tax rate is about $4 80 per $1,000.
First National Bank o f Ashland at 113‘98.
P la in field , N. J .—Bond Offering.—Proposals will be re
Mount Vernon, lu d ,—Bond Sale.—This city has sold to
Henry W. Marshall o f the W estern Construction Co, o f L a  ceived until 8 p. m ., May 14, by the Common Council, for
fayette an issue of $19,745 5% street-improvement bonds. Se $41,000 4$ sewer bonds. Securities are in the form of coupon
curities are dated Feb. 15,1902, and w ill mature $1,745 on bonds of $1,000 each, dated May 1, 1902. Interest willbe pay
July 1, 1902, and $2,000 yearly thereafter. Interest w ill be able semi annually and the principal will mature $5,000 yearly
payable semi-annually.
Nacogdoches County, T ex.—
-Bond Election.—A n election on May 1 from 1928 to 1934, inclusive, and $6,000 on May 1,
has been ordered for May 6 to vote on the question o f issuing 1935, A ccrued interest is to be paid by purchasers. James
$60 ,000 court-house and jail bonds.
T. MacMurray is City Clerk.
N elson tille, Ohio.—Bond Safe.—The $7,000 5# refunding
The official notice o f this bond offering will be found among
bonds offered for sale on A pril 5 were awarded to the Co
the advertisements elsewhere in this Department,
lumbus Savings & Trust Co. o f Columbus.
P leasan tville, W estchester County, N. Y .—Bond Offering.
Nether P rovid en ce Tow nship (P . O. W a llin g fo rd ) S ch ool
D istrict, P a.— Bond Offering.—Proposals w ill be received —Proposals will be received until 7 p, m ., May 7, by W illiam
until May 10 by Edward Minton, Secretary o f the board o f S. Moore, Village Clerk, for $9,000 registered water bonds, to
directors, for $14,000 4$ bonds, Securities are in denomina carry interest at a rate not exceeding 5$. Securities are
tion of $500, dated May 24, 1902. Interest w ill be payable issued under the authority o f Chapter 414, Laws o f 1897.
semi-annually. Principal will mature on May 24 as follow s: They are in denomination o f $1,000, dated A pril 1, 1902. In
$500 each year from 1904 to 1910, inclusive, and in 1912, 1913, terest w ill be payable semi-annually at the United States
1915, 1918 and 1928; $1,000 in each o f the years 1911, 1914, Mortgage & Trust Co., New Y ork City, which company w ill
also certify as to the genuineness o f the bonds. Principal
1916, 1917, and from 1919 to 1922, inclusive.
New Haven, Conn.—Bonds Authorized.—The Board o f will mature $1,000 yearly on April 1 from 1907 to 1915, in
Education has authorized the issuance o f $20,000 %%% 20- clusive. A certified check on a State or national bank for
$1,000, payable to A lbert See, Village Treasurer, must accom 
year bonds.
New Y ienna, Ohio.— Bond Sale.—The $10,000 5$ electric- pany proposals. The bonded debt o f the village at present is
light bonds and the $20,000 5% water bonds offered for sale $25,000. The assessed valuation for 1901 was $974,174 and
on April 21 have been awarded to The Lam precht Bros. the estimated actual value o f property is $1,298,893.
Plym outh, lu d .—Bond Sale.—On A pril 21 this city sold
Co., Cleveland, at 105*00. F or description o f bonds see
an issue of 5% street-improvement bonds, aggregating a little
C hronicle March 22.
New Y ork City.— Bond Offering.—Attention is called to the over $6,000, to the First National Bank o f Plym outh at 101.
This was the only bid received. Interest on bonds w ill be
official advertisement o f N ew Y ork City elsewhere in this payable semi-annually at the Plymouth State Bank, and the
Department, offering for sale $4,993,000 %%% gold corporate principal w ill run for a period o f ten years,
P o rt H uron, M ich .—Bond Offering.—Proposals w ill be re
stock. Proposals for these securities w ill be received until
2 p. M., May 6, 1902, by Edward M. Grout, City Comptroller. ceived until 12 M ., May 8, by E. A. Cady, City Comptroller,
for $100,000 4% canal-construction bonds. Securities are in
For fu ll description o f securities see C hronicle last week, denomination o f $1,000, dated Jan. 1, 1902. Interest w ill be
payable semi-annually at the Hanover National Bank, N ew
p. 903,
York City, Principal w ill mature Jan. 1, 1932, A certified
Niagara F alls (N . Y .) School D istrict.— Bond Sale.—On
A pril 25 the $35,G O %%% gold school bonds described in the check fo r $5,000, payable to the city o f Port Huron, must
O
Chronicle April 12 were awarded to Seasongood & Mayer, accompany proposals.
P ortsm outh (O h io) S ch ool D istrict .—Bond Sale,—On
Cincinnati, at 104*57 and accrued interest—a basis of about April 18 the $38,000 8%% school bonds described in the
3*297$. Follow ing are the bids :
Chronicle March 29 were awarded to the Portsmouth Na
Seasonsrood & Mayer, Cinciru...104*57 [ Denison, Prior & Co., Cleye......103*07
Jos. E. G-avin, Buffalo........ .....104*295 I W. J. Hayes & Sons, Cleve...... 102*61
tional Bank and the Central Savings Bank o f Portsmouth at
Northam pton, Mass.—Bond Sale—The sale o f $20,000 %%% par,
R acine, W is .—Bonds Authorized,—An ordinance has been
5-year (average) bonds to Loring, Tolman & Tupper, Bos
passed providing for the issuance o f the $25,000 school bonds
ton, at 101*401 is reported.
N orw ood, Ohio. — Bond Sale.—On A pril 7 the $10,000 i% voted at the election held A pril 1,1902.
Red Cloud (N eb.) School D istrict .—Bonds Defeated.—
80-year street-extension bonds described in the Chronicle
March 15 were awarded to the Atlas National Bank o f Cin This district on April 23 voted against the issuance o f $4,000
bonds.
cinnati at 103 75,
R efu gio County, Texas .—Bonds Approved.—The A ttor
Oneida, N. Y.—Bond Sale.—On April 25 the $36,000
5*
16-year (serial) school bonds described in the Chronicle ney-General has approved an issue o f $5,000 bridge bonds.
Rochester, N. Y.—Temporary Ijoan ,—This city on A pril 88
A pril 5 were awarded to the Oneida Savings Bank at 100* ‘ '
borrowed $150,000 for eight months from Dnnscomb & Jen—a basis of about 3*40$. Follow ing are the bids :
OneWa Savings Bank..............100*88
Denison. Prior & Co.. Cleve .., .100*73 nison, New Y ork City, at '3*875$. One other offer was made
Geo, M. Hahn. New York........101-03
W. J. Hayes & Sons, Cleveland. 100*69
M. A. Stem, New Y ork ...........100*90 Edmund Seymour & Co., N. Y. .100*46 for the loan, that o f Blake Bros. & Co. o f N ew York City
Osceola County, Iow a .— Bill Legalizing Bonds.— The State at 4%
.
R ockw all, T exas .—Bond Election .—An election w ill be
Legislature which recently adjourned passed a bill legalizing
the issuance of $50,000 court-honse and j ail bonds voted at held May 12 to determine whether or not to issue $13,000
the election held Nov. 5, 1901. There had been some ques water-works bonds.
Rye, W estchester County, N. Y .—Bond Offering.—Propo
tion as to the legality and regularity o f the proceedings of
the Board of Supervisors leading up to this election, and to sals will be received until 3 i\ m ., May 10, by Edwin F . Studremove all doubts the above-mentioned legislation was en well, Town Supervisor in the village of Port Chester,
for $125,000 3%i> registered highway-improvement bonds.
acted.
Owatonna (M in n .) School D istrict .—Bonds Authorized.— Securities are in denomination of $1,000, Interest will be
payable semi-annually at the First National Bank o f Port
The Board o f Education has authorized the issuance o f 1
Chester. Principal will mature yearly on J nue 1 as fo llo w s:
000 school-house addition bonds.
P ain esville, Ohio .—Bonds Defeated.—This village at the $2,000 in 1906, $3,000 in 1907, $4,000 in each of the years 1908,
recent election voted against the issuance o f $10,000 bridge 1909, 1910,1911 and 1912, and $5,000 each year f rom 1918 to
1932, inclusive. A certified check for 'H of the par value of
bonds.
P aw tucket, R. 1.—Bonds Authorized.—The issuance of the bonds bid for, payable to the order o f the Supervisor,
must accompany proposals. The present debt of t he town Is
$250,000 bonds has been authorized.

THE

M a y 3, 1903.j

$29,876 75 and the assessed valuation fo r 1901 w as $12,677,859.
St. L on ls, M ich .—Bond Offering—P roposals w ill be r e 
ceiv ed nnttl 8 p . M ., May 26, by Chas. H . C rand all, M a y o r,
fo r $12,000 4;£ p u b lic im p rovem ent bonds. S ecu rities are in
denom ination o f $1,000, dated M ay 20, 1902. Interest w ill
be payable sem i an nu ally, and the principal w ill m a tu re 25
years from date o f issue. T h e purchaser w ili be req u ired to
fu rn ish blan k bonds ready fo r execu tion . A certified ch eck
o r d ra ft fo r $200, payable to the M a yor, m ust a cco m p a n y
proposals. T h e to ta l bonded d eb t, in clu d in g th is issue, w ill
be $42,000.
S t. L o u is P a r k (M in n .) S c h o o l D is t r ic t .— B o n d Offering.
— P roposals w ill be receiv ed b y H . (J. F reem an, D istrict
Clerk, fo r $12,000 4# 1-12-year (serial) bonds. S ecu rities are
in d en om in ation o f $1,000. T he d istrict has n o d eb t at pres
ent, and the assessed valu ation is $1,300,000.

The official notice of this bond offering will be found
among the advertisements elsewhere in this Department.
S a n g am on C ou n ty, I I I .—Bonds Voted.— T he question o f
issuing $175,000 bonds carried b y a m a jo r ity o f 640 votes at
the election held A p ril 22, 1902. Securities are to b e dated
J u ly 1, 1902, and the interest w ill be payable annually at a
rate n ot exceed in g 3)^#. P rin cip al w ill m a tu re $10,000 on
J u ly 1, 1903, and also on J u ly 1, 1904; $30,000 on J u ly 1 o f
each o f the years 1905, 1906,1907 and 1908 and $35,000 on
J u ly 1, 1909.
S cra n to n , P a .— Bond Sale.—On A p r il 28 th e $285,000 3%%
ju d g m en t fu n d in g and m u n icipal p erm a n en t-im p rovem en t
bonds d escribed in the C hronicle last w eek w ere aw arded
to W . J. H ayes & Sons, C levelan d, at 102'477 and accru ed
interest— a basis o f abou t 3’307$, F o llo w in g are the b id s :
W . J. H ayes & Sons, Cleve.$292,069 00
P ittsburg T rust Co., P itts... 291,850 00
Dick Bros. & Co., P b ila ........ 291,476 60
R . K ley bolte & Co., Cincin . 291,377 60
Denison, P rior & Co.. C leve. 290,i-98 00
M ason, Lew is & Co., C h ic... 290,889 60

953

CHRONICLE

Seasongood & M ayer, C in ...$290,745 00
M. A . Stein. New Y o r k ........ 290,614 60
N. W . Harris A Co., N. Y ___ 288.790 60
T itle G uarantee & T r. Co.,
S cranton............................... 288,619 50

S io u x C ou n ty ( P . O. O ra n ge C ity ), I o w a .—Bond Sale.—
On A p ril 24 the $60,600 4# co u rt-h o u se bon ds described in the
C hronicle A p ril 5 w ere aw arded to the N orth w estern State

B ank o f O range C ity a t 103-601— a basis o f a b ou t 3-878^. F o l
lo w in g are tbe bids :
Hirst, Nat. Il'k, Rock V alley..$60,900 00
W, K. Itlecktioll S.Co.. O r'ngo
c
C ity..................... ................. 60,826 00
Cherokee State Bunk............. 60,729 00
w . j . i laves a Sons, C lo v e -.. 61,286 oo Trow bridge & N lvorC o.,C blo. 60,409 00
Goo. M. Brin kerholi. ........... 61,01126
Northwestern State

llanlt.

O ran ge C ity ..............................$02,161 00
D en ison , Prior A Co., C lo v e .. 61.740 00
First N at. l l ’ k, Orange C ity.. 61,726 00

S ou th D a k ota.— Bids.— F o llo w in g are the b id s received
A p r il 21 fo r the $150,000 on e-year reven ue w arrants
First Nat. Hank, Deadwood, $160,000
fo r 4s.
First Nat. B’ k, Load, $150,000 for 4s.
Hloux Falls Nat. ll’ k. $160,000 fo r 4s.
(loo. B. Lane, M inn., $149,651 fo r 4s.
L. W . Morrison, Now York, $160,025
fo r 4MH.
Chas. R. Hannan, Council Bluffs,
$160,000 for 4)48.

T he three banks p rop osin g to take the loan at 4£ w ere each
offered on e-th ird o f the en tire a m ou n t, w h ich offer w as d e
clin ed b y the S iou x F a lls N ation al B ank, w h ereu p on th e
oth er tw o banks w ere a w a rd ed $75,000 each.
S p r in g h il), C u m b e rla n d C ou n ty, N. S .—Debenture Offer
ing.— Proposals w ill be receiv ed u n til 8 P . M., M ay 15, by
D aniel M cL eod , T o w n C lerk, fo r $160,000 H 80 year g ra v ity
w ater-w ork s bonds. In terest on a b ove securities w ill be
payable sem i-annually. T h e present d eb t o f th e tow n is $21,000 and coa l m inin g is th e p rin cip al in d u stry. T he p op u la
tion is estim ated at 5,500.
S ta n w o o d In d e p e n d e n t S c h o o l D is t r ic t , C edar C o u n ty ,
Io w a .— Bill Legalizing Bonds.—T here h a v in g been som e
qu estion as to th e v a lid ity o f an issue o f $8,500 s c h o o l-b u ild 
in g bonds voted at an election h eld Sept. 16, 1901, th e S tate
L egislature has passed an A c t leg a lizin g the same.
S tev en s P o in t , W is .—Bonds Authorized.—T he C om m on
C ou n cil has au th orized the issuance o f $11,000 sanitary sew er
bonds.
S yra cu se, N. Y —Bond Offering.—P rop osals w ill be re
ceiv ed u ntil 3 p. m ., M ay 7, b y E. J . M ack , C ity C om p troller,
fo r $25,000 3 ^ fire-departm ent b on ds. S ecu rities are dated
M ay 1, 1902. In terest w ill be payable sem i-a n n u ally at th e
U nited States M o rtg a g e & T ru st C o., N e w Y o r k C ity , an d
the said com p a n y w ill c e r tify as to th e genuineness o f the
issue. B onds are to b e registered a t th e office o f th e C ity
Treasurer. P rin cip al w ill m ature on e b on d o f $1,250 y ea rly
on M ay 1 fr o m 1903 to 1922, in clu siv e.

N E W LO A N S.
TO

3/ %
6

N E W LO A N S.
N O T IC E

INVESTORS.

$4,993,000 Of
CORPORATE STOCK

Proposals

O F T H E C IT Y O F N E W YORK.
P rin c ip a l a nd In te r e s t P a y ab le in C o ld .
EXEMPT FROM ALL T A X A T IO N IN THE STATE OF NEW YORK, E XC E P T TAXATION
PURPOSES.

E x e c u t o r * , A d m in is t r a t o r s , G u a r d ia n s , a n d o t h e r s h o l d i n g T r u s t
F u n d ’s a r e a u t h o r i z e d b y S e c t io n 9 o f A r t i c l e I. o f C h a p te r 41 7, I.in v s
C f 1897, t o in v e s t in t h is s t o c k .
W S j L E P PR O PO SA LS W IL L BE RECEIVED BY TH E COM PTROLLER OF TH E CITS
OF NEW YO R K , at his office, No. 280 Broadway. Borough o f Manhattan, until

TU ESD AY, TH E 6TH D A Y OF M A Y, 1902,

a t a o ’ c l o c k P . M., for the whole or part o f follow ing described Registered Stock of the
City o f New York, bearing interest at rate o f Three and One-half Per Cent, per annum, to will
8 3 , 0 0 0 ,0 0 0 CORPORATE STOCK OF THE CITY OF NEW YORK. FOR CONSTRUCTION
„

OF R A PID TRAN SIT R AILROAD. Principal payable November 1st, 1951;
CORPORATE STOCK OF TH E CITY OF NEW YORK FOR SCHOOL HOUSES
AND SITES TH E R E FO R . Principal payable November 1, 1942;
1 5 0 ,0 0 0 CORPORATE STOCK OF TH E CITY OF NEW YORK, FOR IMPROVEMENT
OF PA RK S. PA R K W A Y S, AND D R IV E S IN CITY OF NEW YORK. Principal
payable November 1, 1942;
4 3 ,0 0 0 CORPORATE STOCK OF TH E CITY OF NEW YO R K FOR TH E EREC
TION OF A SOLDIERS’ AND SAILORS’ MEMORIAL ARCH in the City o f Nfew
York. Principal payable November 1, 1942.
Under the Charter o f tbe City “ A ll or None” bids cannot be received, and preference
Must, as far as practicable and without pecuniary disadvantage to the city, be given to bid
ders for tbe smallest amounts. Subject to these provisions, the said stock will be awarded
te the highest bidders.
In accordance with the uniform custom o f tbe City In tbe past, the stock w ill be issued
ha such legally authorized denominations as the buyers may wish.
A D e p o s it o f T W O P E R CENT, o f th e p a r v a lu e o f s t o c k h id f o r (in

1 , 8 0 0 ,0 0 0

io n e y o r c e r t if ie d c h e c k o n a N a t io n a l o r S ta te B a n k in th e C ity o f
e w Y o r k ) is r e q u ir e d .
For fuller Information see "T H E CITY RECORD” (copies to be procured at No. 2 City

»

Hall), or apply to the Comptroller for a printed circular.

E D W A R D M . GrROUT, Com ptroller.

The ©My of New York Department of Finance, Comptroller’ s Office, April
fork,
1

M a c D o n a ld , M c C o y

&

Oo.,

G eo.

D.

22A, lfK)%

Cook

Com pany,

AND

C 0 R P 0 R A T I0 *

BONDS.
171

La Salle Street, Chicago.

S C H O O L BONDS.

T h e a b o v e b o n d s w i l l he t a k e n a t
p a r a n d a c c r u e d in te r e st to J u ly 5 ,
1 9 0 2 , i n p a r t p a y m e n t fo r th e n e w
R e f u n d in g 1 0 -2 0 Y e a r F o u r P e r C ent
B o n d s , b y E . I I . G ay & C o ., B o s t o n ,
N e w Y o r k , P h ila d e lp h ia a n d M o n 
tr e a l.
JA M E S F. BURTON,
Treasurer B oard o f Education.
Ogden City, Utah.

S

B lo d g e t,

M e r r itt &

C o .,

BONDS.
T he School B oard o f St. L ouis P ark, a suburb o f
M inneapolis, will issue tw elve one thousand-dollar
($1,000 00) Bonds, due one each year fo r the n e x t
tw elve years at fou r per cent interest, Our last a sdebtedness. A ddress your bids t o undersigned.
H. G. F R E E M A N , D istrict Clerk.
St. Louis Park, Minn.

5%
A

N EW Y O R K ,
1 N A S S A U ST.
P H I L A D E L P H I A , 112 SO. FO U RTH ST.

Bonds.

BOND S.

BONDS

S P E C IA L T Y .

EDW. C . JONES <& C O .,

B ro ad E x c h a n g e B u ild in g , 2 5 B ro a d St*
NEW YORK.

IN V E S T M E N T

i s , o o o

ST. LOUIS PAKK, MINN,,

C o u n s e lm a n B u ild in g , 2 3 8 L a S a lle S t.,
C H IC A G O .

M exican G overn m en t and State

R E D E M P T IO N .

T he Board o f E ducation o f Ogden City, Utah,
hereby notifies the holders o f $100,000 City o f Ogden,
U tah ,F iv e P er Cent School Bonds, dated M arch 1st,
1892, due M arch 1st, 1912, optional M arch 1st, 1902,
that It has availed o f Us op tion to redeem th e same
at any tim e a fter M arch 1st, 1902, and that said
bonds w ill be paid at their fa ce value with accru ed
interest to Ju ly 6th, 1902, at W ells, Fargo & Com 
pany’s Bank, New Y ork City, a fter which date said
interest shall cease. Said bon ds m ust be accom 
panied by th e Septem ber 1, 1902, and subsequent
m aturing coupons.

IN V E S T M E N T S E C U R ITIE S ,
M U N IC IP A L

OF

OGDEN, UTAH,

fo r

F O B STATE

O’Connor & Kahler, New York, $160,106 f o r t e s .
W. J. Hayes & Sons, Cleveland,
$180,360 forl5s.
First National Bank, Rapid City,
$160,000 for 6s.
Citizens’ State Bank, A rm our, $160,O00 fo r 0s.

2J.

M tu M te v

Sc

BANKERS,

16 Congress 8 treet, Boston.
15 W all Htreet, New Y ork.
S T A T E , C I T ¥ :& R A IL R O A D

BO N D 8.

8END

FOR

L I8 T .

D E N IS O N , P R IO R
CLEVELAND.

1 3 o titis ,
&

CO.

B O 8T O N .

BORDEN BLOCK,

C h ic a g o , U lltnote.

$ 0 .f

lflE

OHRONKJLE.

by county notes bearing 5i interest, with the Cambridge
Valley National Bank of Cambridge at par. Notes are dated
April 26, 1902, and mature Feb. 15, 1903,
Watertown, N. Y.—B o n d Sale.— The highest bid received
April 30 for the $75,000 %%% bonds described in the Chron
icle April 26 was that of W. J, Hayes & Sons, Cleveland, at
104*475. The bids follow :

U n i o n 1 o n ru sh ip , U n i o n C o u n t y , I n d . — S u bsid y Defeated.
- T h i s to w n s h ip h a s v o t e d a g a in s t th e g r a n t in g o f a s u b s id y
to th o C i n c i n n a t i R i c h m o n d & M a n c i e R E .
tjtlea, N. Y.—Bond O fferin g—John A . C a n t w e l l , C i t y
Clerk, w i l l s e l l a t p u b li c a u c t i o n a t 13 M ., M a y 6 , a t h is o ffic e ,
$ 3 3 ,0 0 0 3 %% r e g is t e r e d tire d e p a r t m e n t b o n d s .
S e c u r itie s a re
H eu e d u n d e r t h e a u t h o r i t y o f C h a p t e r 5 5 8 , L a w s o f 19 02 .
T h e y a r e d a t e d A p r i l 18, 10 03 , a n d t h e i n t e r e s t w i l l b e p a y a id e a n n u a l l y a t t h e o ffic e o f t h e C i t y T r e a s u r e r .
P r in c ip a l
w i l l m a t u r e if4 ,4 0 0 y e a r ly o n A p r i l 18 f r o m 19 08 t o 1 9 0 7 , i n 
c lu s iv e .
T h e p u r c h a s e r s w i l l b e r e q u ir e d t o d e p o s it a c e r t i h e d c h e c k f o r $ 2 ,0 0 0 o n t h e d a v o f s a le .
V i c k s b u r g , M i s s — Bid# liejeeted. — A l l b id s r e c e i v e d A p r i l
31 fo r $ 5 0 ,0 0 0 4 $ 1 0 -4 0 -y e a r (o p t i o n a l) c i t y - h a l l b o n d s w e r e
(e je c te d .
P r o p o s a ls a r e a g a i n a s k e d f o r t h e s e b o n d s , t h is
t i m e u n t i l 7 :3 0 P. M , M a y 1 9 , b y W . L . T r o w b r i d g e , M a y o r ,
a n d th e B o a r d o f A l d e r m e n .
S e c u r i t i e s a r e in d e n o m i n a t i o n
or $ 1 ,0 0 0 , d a t e d F e b . 1, 1 9 0 2 .
A c e r t if i e d c h e c k f o r $ 5 0 0 r e 
q u ir e d w i t h b i d s .
Y o o r h e e s v i i l e , A l b a n y C o u n t y , N . Y .— B o n d Sale.— O n
A p r i l 2 6 t h e $ 4 ,0 0 0 <%% w a t e r b o n d s d e s c r i b e d i u t h e C h r o n 
ic l e A p r il 19 w e re a w a r d e d to Is a a c W . S h e r r ill, P o u g h 
k e e p s i e , a t 1 1 3 *0 5 .
T h e f o ll o w in g b id s w e r e r e c e iv e d :

W . J. H ayes A Sons, O le v e ,,___104U75

J no 1). ifiverltt A OO..N. Y ........ 104*81

Lam preoht Bros. Co.,<’ i e v e . . . ,.108*70
D enison, P rior A Co., C lo v e .......108*17

W a r r e n C o u n t y , I n d . — Bond O ffering. — P r o p o s a ls w i l l b e
r e c e iv e d u n til 1 p , m . M a y 15, b y th e B o a r d o f C o u n t y C o m 
m i s s io n e r s , f o r $ 2 0 ,3 0 0 H 2 - 8 - y e a r ( s e r ia l) g r a v e l - r o a d b o n d s .
S e c u r i t ie s a r e iu d e n o m i n a t i o n o f $ 3 ,9 0 0 , a n d t h e i n t e r e s t w i l l
b e p a y a b le s e m i a n n u a l l y .
VY. H . S t e p h e n s is C o u n t y A u d 
ito r .
W a r r e n ( O h i o ) S c h o o l D i s t r i c t , — B o n d O ffering.— P r o p o 
s a ls w i l l b e r e c e i v e d u n t i l 12 m ., M a y 2 6 , b y t h e B o a r d o f
E d u c a t i o n — A . L . J a m e s o n , C l e r k — f o r $ 3 0 ,0 0 0 H s c h o o l 
b u ild in g b ou d s.
S e c u r itie s w e r e a u th o r iz e d b v a v o te o f 823
t o 1 9 4 a t t h e e l e c t i o n h e l d e a r ly m A p r i l .
T h e y a r e in d e 
n o m i n a t i o n o f $ 1 ,0 0 0 ,
In te r e s t w i l l b e p a y a b le M a r c h 1 a n d
S e p t e m b e r 1.
P r i n c i p a l w i l l m a t u r e $ 1 ,0 0 0 y e a r l y o n S e p t . 1
f r o m 1904 lo 19 33 , in c lu s iv e .
A c e r t if i e d c h e c k f o r $1,000
m u s t a c c o m p a n y p r o p o s a ls .
W a s h i n g t o n C o u n t y , N . Y .— T em p ora ry L o a n . — T h i s c o u n l y
o n A p r i l 2 6 n e g o t i a t e d a t e m p o r a r y lo a n o f $ 2 0 ,0 0 0 , e v i d e n c e d

# 4 1 , 0 0 0

IN V E S T M E N T S .

IN V E S T M E N T S .

$ 8 , 000,000

N. W. HARRIS & CO.,
B A N K S it 8,

City of Plainfield, N. J. CITY OF CINCINNATI, 0,,
SEWER BONDS.
P u rsuan t t o a resolu tion adop ted by th e Com m on
C ou n cil o f th e City o f Plainfield, New Jersey, at a
m eetin g th e r e o f held A pril 28th, 1902,n otice Is here
b y feiven th a t th e Com m on C ouncil w ill m eet on
W E D N E S D A Y , T H E H T H D A Y OF M A Y , 1902, at
8 0 ’elock P. M. at th e C ou ncil cham ber, N o. 151 North
A v e n u e , in th e City o f Plainfield, N ew Jersey, at
w h ich tim e and place said C om m on C ouncil w ill re
ce iv e and o o e n sealea proposals fo r th e purchase o f
sew er bonds to th e am ou nt o f fo r ty -o n e T h ousan d
dollars t o be issued by th e City o f Plainfield u nder
th e OTdinanee o f said city en tM e d “ A n ordinance to
p rovide f o r th e issue o f bonds to defray th e costs
and expenses o f th e im p rovem en t o f sewage dis
posal w orks, beds and app u rten a n ces” approved
A pril 7th, 1W02, and th e A c t o f the L egislature o f
N ew Jersey en titled “ A n A c t to p r o v id e fo r drainage
and sew erage in cities o f this s ta te ” approved A pril
7th, 1890, arid acts a m en datory th ere j f and supple
m en ta l th e re to .
Said bonds will he vr date th e first day o f M ay. 1902,
and be payable as follow s: th a - is to say, o n th e first
day o f M ay n ineteen hundred a nd tw enty- eight, five
bon d s; and oh th e first da y o f M ay o f each ana every
yea r th ereafter, duwn t o and in clu d in g th e year
nineteen hun dred and th irty fou r, five bonds, and
on th e first day o f May in the year nineteen hundred
and thirty, five th e rem ainm * six bon d s; th a t said
b on d s shall b ea r in terest at th e rate o f lo u r per
cen tu m per annum , payable sem i-annually.
Said b on d s are to be cou p on oonds and are to be in
th e fo rm app roved by the Com m on C ou ncil and now
o n file in th e ofiice o f th e City Clerk o f said city.
Upon receip t o f th e bids or proposals th e Council
w ill Im m ediately proceed to unseal sam e and pub
licly ann oun ce the con ten ts in th e presen ce o f th e
parties bidding or their agents, provided said parties
or agents ch oose to b e then and th ere present, and
also to malae proper record o t th e prices and terms
upon th e m inutes o f th e Council.
T h e righ t to r e je c t an y or all bids is exp ressly r e 
served b y the Common. C ouncil.
A ll proposals m u st be en dorsed ‘ ‘ Proposals fo r
pu rch ase o f sew er bon d s.” and should include th e
a ccru e d in terest fro m date o f bonds to date ot pur
chase.
B y order o f th e Com m on C ouncil o f th e City o f
Plainfield.
JA M E S T. iU n V IC lU lA V ,
D a ted M ay 1st, 1802.
City Clerk.

Consolidated Sinking Fund
S }4 Per Cent 30-50-Sear Bonds.

i ^

AN®

Public Service Corporation
BONDS.
E. H. ROLLINS & S O N S
BOSTON.
D en ver.

San Francisco,

3

50

0

3 1 a n d 3 3 P I N E S T ., N E W Y O R K .
CH ICAG O .

Sealed bids will be received by the T r u s te e s o f the
Sinking Fund o f th e City o f Cincinnati at th eir office
in th e City H all, C incinnati, at or b efore T W E L V E
O'CLOCK NOON T H U R S D A Y , M A Y 22, A D. 1902,
fo r th e purchase o f Eight M illion D ollars ($8,000.0 -u)
o f cou p on or registered bonds o f th e said city, to be
issued u n der th e provision s o f the Statutes o f Ohio,
to m eet **,108,000 Cincinnati Sou th ern Railw ay
bonds o f said city m aturing on July 1, 19o2.
T h e bonds w ll bear date July 1.1902; be payable
J u ly l. 195-/*; be redeem able at th e option o ' the
city on July l , ls)32 or at. »n y tim e th e r e a fte r ; bear
in terest at the rate o f three and one h a lf p e r c e n t
per annum , payable sem i-annually.
Principal
and in terest payable at. th e A m erican E xch a n ge
National Bank. New Y ork City.
F or fu lle r in form a tion see circulars, cop ies to be
b a d at th e A m erica n E xch ange N ational Bank, New
Y ork City, or a t th e office o f the said T rustees in
Cincinnati, O.
C H A R L E S P. T A F T , President.
Att est :
L O U IS C A R R O L L , Clerk, e x officio Secretary.

BOSTON.

D ea l
e x c lu s iv e ly
In M u n ic i p a l,
R a ilr o a d a n d o t h 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 .
ISSUE TRA V SLER 8' L E T T E R S O f CR ED IT
d V A IL A B L E I N A L L P A R T S OT T H E WORLD.
qu ota tion s fu rn ish ed fo r purchase, sale o r exch a n ge.

BONDS
SUI TABLE

FOR

Savings Banks,
Trust Companies,
Trust Funds,
Individuals.

Rudolph Kleybolte 8b Co.,

0

OITY OF CISCO, TEXAS,

«

N A S S A U S T .. N E W

Y O R K . C IT Y .

5 Per Cent Bonds.
Sealed bids will be receiv ed by the City o f Cisco,
T exas, until M A Y 10TH, 1802, A T 2 P . M „ fo r
$23,C0i- F .ve P e r C e n t F orty-year B on ds W e re
serve t b e right to re je ct any and.all bids.
W . F. TU R N ER,
City Secretary.

MARION

LIGHT

&

H EATING

FARSON, LEACH & 00.,
Public Securities,
CHICAGO.

8 9 0 ,0 0 0
5% F i r s t

MUNICIPAL

J oil arson Co. Say. It’ k.WatarL’ n,108*10
B lodget, M erritt A Co.. B oston . 102-48
G eo. M. H aim , New Y o r k ...........102*10
Edm und Seyinoar A Co., N. Y ., 101*0$

Waynesboro, Burke County, Oa.—B o n d s V o ted .— The
election held late in March resulted in favor of $30,000 light
and water bouds. There appears to be some opposition, how
ever, to the Issuance of these bonds, and local despatches
have it that the same will probably be contested.
W ellsbnrg, W, Y u .— B o n d s V o ted .— This city on April 8
authorized the issuance of $10,000 water-works bonds.
West Hazleton, Pa,—B o n d E lection . —The Borough Coun
cil has passed a resolution to submit the question of issuing
$20,000 6$ 7-15 year (optional) sewer bonds to a vote of the
people. If authorized, bonds will bear date J u ly l, 1902.
West Point, Neb.—B o n d s D efe a te d .— The recent election
resulted unfavorably to the issuance of $7,500 water exten
sion bonds.
White House, Ohio.—B o n d s V oted.— This village on April
7 voted to issue bonds for the construction of a water-works
system.
Williamsport, Pa.— B on d E le c tio n .— On May 13 an elec
tion will be held in this city for the purpose of submitting
t ) the people the question of issuing $81,000 Grafius Run
conduit bonds.
Winchester (P . O. Wlnsted), Conn.— Bond Sale.— On April
28 the $84,000 %%% 1-14 year (serial) funding and refunding
bonds described in the Chronicle April 19, page 848, were
awarded to the Winsted Savings Bank at 102— basis of
a
about 3*20$.
Worcester, Mass.— Loan P ro p o sed .— An order providing
for a lorn of $100,000 for street paving is being considered
by the Finance Committee.
Yoakum, Texas . — B on d s A u th o r iz e d .— The City Council
has authorized the issuance of $3,000 funding bonds.

L W . bm-rrili, P o u g h k e e p s ie ....1 1 8 ‘05i I Edw . 8 eym ourj& C o.,N ew York.lbtrub
O’ C on n er & K ahler, N ew Y o rk . 11803 |

N E W L O A N S _____

[VOL, L X i l V .

NEW Y O R K .

BO STON ,

P H IL A D E L P H IA .

GO

M o r t g a g e Bonds.

T O T A L ISSUE, *150,000.
*7,000........J u ly 1, 1009
*3,000....... ,.Jan. 1,1900
*8 ,000....
1, 1906
*7,000.......
*7,000....
*7,000....... ..J u ly 1, 1907
*8,000,.......J a n . 1.1911
*8,000.......
1,1908
*7,000... . . . . J u l y l . 1911
*7,000.......
1, 1908
*8.000. ......J a n , 1, 1912
*8,000....... . Jan. 1,1909
N et earnings, *95,600 on E lectric L igh t Plant.
New H eatin g P lan t, recen tly put in operation, in 
cluded in m ortgage.
City o f Marion, Ind.. P op u la tion , 22,000.
P rice to net,
per cent.

J. F. W I L D

&

M A S O N , L E W IS 8b C O .
BANKERS,
C H IC A U O,
fitm a tlt tv c lt B u i l d i n g ,

MUNICIPAL
RAILROAD
CORPORATION

BOSTON ,

8 0 B e t n n t h l w St.

BONDS.

O hele«> I s s u e * .

CO., Bankovs, Street Railway mid Bus Com pan Ips.

I n d ia n a p o lis , In d .

L I S T ON

.4 P P L I C 4 T I O N .
Full text of Commercial and Financial Chronicle : May 3, 1902, Vol. 74, No. 1923

FRASER
