The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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..
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inanrta
rontrle
nmrnerri
r
Supplement
Quotation
Street Kailway<Supplement sm/am$
(M<m»i y)
Investors Supplement (Quarterly)
Entered according to Act of Congress, in the year 1902,
VOL.
t»y
State and City
the
William
B.
Dasa Comi-an v,
SATURDAY, NOVEMBER
75.
Supplement (smxm^
in the office of the Librarian of Congress.
NO. 1952.
22, 1902.
Week ending November 15
—
3?he (Khvouitlt.
Clearings at
1901.
1902.
Inc. ur
1900.
Dec.
1899.
PUBLISHED WEEKLY.
Terms
Subscription— Payable in Advance
of
One Year
$10
For Six Months
6
European Subscription (including postage)
13
European Subscription Six Months (including postage)............. 7
Annual Subscription in London (including postage)
£2
Six Months Subscription in London (including postage)
£1
*"or
00
00
00
60
14s.
lie.
Above subscription includes—
Ba> k asd Quotation supplement
Street Railway Supplement
Investors' Supplement
state and City Supplement
-
|
Boston
Providence
Hartford
Advertising— Per Inch Space
of
Worcester
Portland
Kail Kiver
Lowell
New Bedford
Two Months
(
gix
(
$4 20
22 00
29 00
50 00
87 00
(8 times)
Months
Twelve Months
-,
(13 tunes)
(26 times)
(52 times)
L ONDON A GENTS :
Edwards &
Messrs.
scriptions
Smith, 1 Drapers' Gardens, E. C, will take subof the paper at Is.
DANA COMPANY,
Publishers,
Box 93S.
Office
1902.
P. Cent.
1901.
Baltimore
Chicago
St. Louis
'New Orleans
$1,214,478,033
108,904,641
102,359,675
19,981.080
144,704.187
46,741.570
14.240,665
+10-5
+9-0
+9-1
+6-2
+5-1
Seven cities, 5 days.
Other cities. 5 davs
Sl.915,237.875
315,169.841
$1,651,389,851
274,878,964
+16-0
+14-7
$2,230,407,716
456,213,018
$1,926,268,815
409,507,594
+15-8
+11-4
for week.
$2,686,620,734
$2,335,776,409
+15-0
All cities, 1 day
Total
ail cities
—3-7
+2-3
days.
all cities, 5
.
Ill
Akron
Kalamazoo
Rockf ord
Springfield. O...
$1,451,936,223
118,730,083
111,663,872
21,225,443
152,103,351
45,017,771
14.561.132
Total
Grand Rapids..
Dayton
Evans vide
Youngstown
Jacksonville
been $2,686,620,734, against $2,670,719,959 last week and
$2,335,770,409 the corresponding week last year.
Philadelphia
Indianapolis
Peoria
Canton
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States' for the week ending to-day, Nov. 22, have
Boston
...
Lexington
CLEARING HOUSE RETURNS.
New York
Cleveland
Milwaukee
Columbus
.
NEW YORK.
.
Clearings— Returns by Telegraph,
Week Ending Nov. 22.
Cincinnati
Detroit
Springfield.
Pine Street, Corner of Pearl Street,
Post
New England,
Toledo
and advertisements, and supply single copies
WU.LIA.II B.
551,806
572,690
410,688
Holyoke
Total
...
Quincy
Bloomington
Jackson
Ann Arbor
.,
Mansfield
Decatur
Total Mid. Western
San Francisco
Salt Lake City.
l'ortlaud
Los Angeles....
Seattle
Spokane
Tacoma
Helena
Fargo
Sioux Falls
Total Pacific.
Kansas City
Omaha
Paul
Denver
the week covered by the above will be
given next Saturday. We cannot furnish them to-day, clearings bemg made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
•be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, Nov. 15, and the results for the corresponding
week
1901, 1900 and 1899 are also given.
Contrasted with
the week of 1901 the total for the whole country shows a gain
of 4-5 per cent. Outside of New York the increase over 1901
is 8-3 per cent.
full details for
Joseph
Des Moines
Davenport
Sioux City
m
Wetk ending November
—
Clearings at
New York
Philadelphia
Pittsburg
Baltimore
Buffalo
Washington
Albany
Rochester
Syracuse
Scrant on
Wilniinirton
Blnt,'U;imtou
Chester
(Jreensburg
Wheeling
Wi kes Barre
Utiea.
Total Middle...
1902.
1901.
$
S
Inc. or
1900.
Dec.
Wichita
lYemont
Colorado SpringsTotal other West'rn
Louis
Orleans
New
Louisville
(lalvestou....
Houston
Savannah
Richmond
Memphis
Atlanta
Nashville
1899.
Little Rock.
.
Chattanooga
4-7M
+159
-002
+'.
+222
-11 -9
+160
+1.2
-55
102,433,182
35,466,395
26,389,838
6,116,733
2,707,563
8,531,819
8,972,080
1,379,410
1,058,186
+12-5
426,000
386,000 +104
331,393 +37-7
450.929
—9-6
498,796
847,977
770.560 +10-0
880.633
—9-0
967,396
2,985,018 Not inclnde d in to
923.0(11
471.1500
456,886'
1.958.622.350 1.900.298.092
i
357,624
279.545
100,982,156
31,564,886
8L888.101
6,001 680
3,163.181
2,949.858
2,325.828
1,318.106
1,295 329
908,712
398,300
316,383
320,000
tal.
+3-1 1.730.069.934 1.448.267.653
Beaumont
Total Southern
Total all
Outside New York.
1,836,432
1,742,409
1,583,052
1,647,062
1,190,454
680,484
154,375.056
7,757. 600
587,574
481,871
812,320
148,110,047
7,443,900
2,470,416
1,599,563
1,478,238
1,618,185
1,302,452
1,147.820
648,198
633,279
437.236
174.325,563
166.917,334
145.599,511
16,642,550
9,321,831
12.295,779
7,207,911
5,520,900
4,653,678
2,574,502
2,419,325
1,246,006
1,307,639
966.241
148,511,440
17,023,150
9,188,043
11,946,587
6,737,269
5,314,900
3,387,845
2,153,848
2,402,152
1,327.832
1,165.620
1,080,599
293,402
426,936
440,999
424.900
558,075
386,958
262,280
268,134
140,046
8,527,081
1,505,801
2,894.631
1,592.808
1.245 225
1,045,590
-(-6-4
—0-5
+127
—18-8
—8-8
—12-5
651.846 —12-1
+8-7
377,936
+3-2
163,734,323
+6-3
169,173,781
20,968,350 +10-3
14,656,122 —13-1
+8"5
14,201,220
7,177,598 +22-1
8,021,500 +15-5
5,053,522 +136
+7-0
2,785.373
2,637,029 +26-2
1,630.929 +26-0
1,335.295 +299
902.457 4-2V9
490,723 +42-6
504,212 +24-9
540,908 —16-5
607,600 +33-5
492,024 428-3
+7-2
390,248
384,075 +24-5
450,780 423-6
141,100 +63-1
319,482 +22-8
—3-4
292,425
181,901 +144
+5-3
78,555
78,500 +177-5
Not include d in to
876,326
498.816
450.985
514,500
418.410
296,012
285,146
313.87
158.439
204,915
231,744
170,000
50.000
tal.
+11-3
213,725,038
213,390,515
35,691,785
4,004,915
4,528,018
5,915,441
5,175,303
2,290,223
2.300,000
753,013
842,096
276,918
28,180,139
4,056,034
8,659,862
4,260,613
3,830,753
1,486,476
1,450,000
+26-7
—1-3
+27-2
+38-8
+35-1
25,305,916
3,436,990
2,699,546
2,891,491
3,606,065
1,301,454
1,419.335
610,583
522,898
190.281
25,856,579
3,033,361
41.9S4.o59
40.214.64S
18,526,849
15,295,502
6,149,635
6,757,525
5,143.743
4,297.823
15.114,152
14,849,792
6,793,917
6,296,831
4,082,047
3,517.615
1,705.442
830.489
1,383,856
587.007
482,852
99.378
61,777,712
r
640,045
131,435
509,420
74.042,477
51,143 .338
17,782 ,087
10,278 ,32'
4.808 ,000
8,483 ,931
5.243 .821
4,332 ,95'
6,287 204
3,198 ,063
2.288. 701
1,740, ,089
.
2,713,6,-5
+4-0
—2-5
—0-6
253,495.709
2,297 ,287
Knoxville
Fort Worth...
143,207,623
8,152.500
282,119,280
Augusta
Jacksonville
+2-5 1.546,582,958 1,264.834,833
1.747.727,857 1,704,438.589
119,249,063
111,319.925
42,628.231
36,783,217
24,402,343
24,407,853
7,178,952
6,659,921
3,796,831
3,105,829
3,759,964
4,265,261
2,703,844
2,330,072
1,406,796
1,389,470
1,400,000
1,482,087
1,306.044
1,161,723
699,617
629.661
531,978
810,900
631.338
418,369
478,846
557,150
216,041
326,778
282,579
207,905
82,746
217,813
220.066
Norfolk
Birmingham
Macon
15.
1,100.051
4,854,539
2,695,351
988,889
1,671,09^
1,453.942
St.
St.
179,792,897
23,129,500
12,738.014
15,406,146
8.762.688
9,263,600
5,741.468
2,980,070
3,324,687
2,054.030
1,734,348
5,205,3
Topeka
The
169,007,140
20,963.605
20,747,756
7,760.060
6,920,961~
Minneapolis
St.
7,952.200
2,696,871
1,954,634
1,732,860
1,784,659
1,338,215
1,085,922
Springfield
Chicago
Transient matter
Standing
»tanain
Business cards
Cards 1 Tnree Months
e .Business
,
New Haven
|
Terms
14,8.926,595
915 473
1,789, 045
1,284 ,78'
927, 000
1;441. ,1386
600, ,000
369, 209
400, ,000
125,151,000
2.670,719,959
922.991,502
J-54-1
455'2
+23-4
4l5'2
—7-2
48 463.396 +27-5
610,82'
730,893
298,279
19,060,055
21,745,732
6,876,496
7,016,455
4,888,560
5,413,599
2,192,724
1,163,356
1,614,880
1.318,183
563,269
160,689
919,300
+100
—1-6
+129
—1-4
+65
—10-3
+22-9
—150
1,645,251
859,806
+3-5
1,406,172
+102
884,859
491.583
108,165
1,245,610
4l3-7
—18-2
—44
2,4:34,320
2, 56.424
2,592,25 i
1,422.294
1,149.108
777,994
1
611.010
181.309
72,933,298
+1-5
62,812,523
55.692,776
53,903,932
15,708,053
9,699.156
3,912,800
7,322,480
4,645,936
3,795.176
4.725.064
2,954.356
1,663,163
1,545.179
1.401,477
761,744
1,779,291
1,195.821
787,000
1,000.903
503,453
399.285
—5-1
+13-2
+6-0
41,575,689
15,717.873
9,277.007
5,092,500
6,618,044
5,789,580
4,365.620
36,222,035
12,363,753
10,278.396
4,181,250
5,369.981
4,384.803
3,150,025
+229
+15'-
4-12-9
+14-1
s
+33-1
3,491
4,570,01 15
+8-3
2,810,087
8,245,167
+34-0
2,642,0)2
1,494,257
+12-6
1.877.6?.)
1,457,488
+63-9
1,294,814
1,466,279
+20-2
648.300
514.996
+0-5
1,050.864
1,123,701
+7-4
900,000
800,000
+17-8
825
867,000
444-0
812.251
556,25
+19-2
440.255
407,148
—7-5
1.046
208,000
Not include d In to tal.
--'0-,
+6-3 106.267.
90,981.450
117,704.269
+4-5 2,829,784,5
2.005 466,376
2,556.629.06
+8-3 783.201,916
740.631.548
852,190.478
I
'
I
Canada—
Montreal
Toronto
Winnipeg
Halifax
Hamilton
St. John
Victoria
Vancouver
Quebec
Ottawa
London
Total Canada
24,724.644
21,000.000 +17-7
17,804.571
11,43!'. 773
16.112,044
14 078 092 +14-5
+9-4
5,285,945
8,501,601
4,832,027
1.700.000
1,845,678
1,500.000
868,31
1,032.894
964,987
7^1.,
-,'->:
+10-4
868,878
721,191
595,262
189,660 +21-7
+,8'6
1,147.012
1,053,668
1,05
4-12"-'
1,506,082
1,690,217
1,970,083
1,75
724.271 Not include 4 In ti> tal.
5s
[6,
'11.033
4.i93
3.283,580
1.457.486
889,900
834
584 979
SS2.207
I
-UM
55.273,65?
48.165.446
-*-14-s|
36.157.570
34.073.dft
;
THE CHRONICLE.
1114
[Vol.
LXXV.
$252,649,341 in 1901, or a gain this year of nearly
twelve million dollars. Even a more striking contrast
to-day, a is afforded if we take the two months separately
or
THE BANKERS' AND TRUST SUPPLEMENT.
In our Bankers' and Trust Supplement
copy of which is sent to every subscriber of the still better if we go back one month further and
Chronicle, we present to our readers a complete note also the monthly progress making the current
report of the proceedings of the annual convention of year. The August exports in 1902 were $94,942,310,
the American Bankers' Association held last week at in September they were $121,220,378 and in October
New Orleans. The Supplement contains 136 pages, $143,179,752. A comparison with other years shows
and, as the reader will notice, is gotten up in a very that even the September 1902 result exceeds by
;
$14,230,452
attractive as well as useful shape.
the
The Supplement embraces the proceedings not furthermore
the bankers' doings, but also of the Trust
Company Seotion, a dJ 8 ^ 110 department of the
only of
*'
which,
Association,
steadily growing in
We
would
like
the Association
membership and
itself,
is
influence.
also direct attention to the advertisements
We
think we are within bounds
when we say that no higher class of financial advertising can be found anywhere.
in this
publication.
THE FINANCIAL SITUATION.
A
highly significant change for the better is dis
closed by the latest foreign trade statement that for
October, issued this week. The agency which has of
—
done most to derange industrial surroundings has
been the prohibition put upon the export of manufactured commodities and the stimulus imparted to
their import by high prices; thereby our large favorable trade balance has been gradually lessening until
it is assumed now to be wholly used up and an export
of gold needed to meet current trade requirements.
Under these circumstances any suggestion Govern-
late
ment returns
afford of a reversal in these conditions
becomes of course a source of hopefulness. This is
chiefly so because contained in the thought is a
chance that a way is in process of being opened for
paying what we owe abroad without sending so much
gold as has been the prospect recently.
Of course it has' all along been felt that our abundant crops afforded ground for a belief that the;
would help us to work through the strain. That expectation has not been given up, and yet the material
decline in the favorableness of the foreign trade
fig-
months has been in that way a little
discouraging. We have been wont to charge the decrease in exports to the small remnant left for export
of our very small crops of corn and oats last year.
That explains the situation only in part. For instance, the totals of merchandise exports for July and
August of the current fiscal year were only $183,732,ures for some
same month the previous year
that the last total, the one for October,
the largest merchandise outany month of any year in our record except
October 1900, when it was $163,389,680, and December
1900, when it was $145,889,865, and October 1901,
when it was $145,659,415.
The chief interesting fact, however, with reference
to this year's report for October remains still to be
stated.
It has already been noted that last year's
total October exports were about 2£ million dollars
larger than this year's total, and that the 1900 October total was 20 i million dollars larger. Notwithstanding that circumstance, the general merchandise
exports (that is, the exports over and above the total
of the articles grouped by the Statistical Bureaujunder
the head of Exports of Breadstuffs, Provisions, Cotton, Petroleum, &c.) in October 1902 exceeded the
month a year ago by $3,682,484, and were very nearly
the same as they were in 1900. That is to say, the
outflow of general merchandise this year is as large as
it was two years ago and larger than it was a year ago;
consequently, if, when the larger crop movement gets
fully under way, this feature of increase in the general
merchandise movement is continued, we may assume
that our exports will exceed any former total.
This
is
significant as being
flow in
conclusion
inevitable unless general exports fall off;
is
that the
we have presented would indicate
progress is now the other way, and the infer-
ence
that
whereas the facts
is
it
will so continue.
gree of hopefulness
We
is
A
considerable de-
warranted by that
fact.
column that "general
industrial progress appears to move on wholly undisturbed by the happenings on Wall Street." There is
stated last
week
apparently no reason
in this
why
there should be any present
change in the course of commercial affairs.
At the same time is it not a reasonable presumption
that a more or less general though slow decline in
the values of commodities will be a feature during
the coming year. That to a small extent might be expected to follow from the influences which have affected
937, against #217,476,719 in 1901; as the imports in Stock Exchange quotations. Of course rates for money
those months of 1902 reached $168,071,155, against and a lack of buoyancy here, if continued as now, will
$146,209,652 the same months in 1901, the favorable in time affect money and buoyancy all over the country.
balance was o&ly $25,667,782 this year against $71,- There are though other reasons for declines in the
267,067 in 1901. These adverse changes are only to prices of commodities. Our own large crops of breada moderate extent due to breadstuffs shortage, but to stuffs give promise of cheaper food and they ought to
a considerable extent to smaller exports of other com
and already are affecting, not only the
affect,
modities and also to the high prices for goods, which grain and bread markets, but the provision marstimulated imports.
kets as well and as the new year advances and our
But what we referred to above as affording new corn begins to move freely, that supply and the better
hope was the returns for September and October the yield of grain in Europe would seem likely to result
latest figures issued by the Bureau of Statistics. in further price reductions.
Of course speculation
Those returns would seem to indicate a substantial may temporarily check this tendency, but it cannot
improvement, especially since the revision of the ex permanently prevent its action. The cotton crop
port total for September, which raises that month's too Is believed to be considerably In excess of last
exports about six million dollars. With that revision year's yield, and though consumption abroad as well
it seems that the merchandise exports for those two as at home is increasing, the prospect is that the quotatwo months have aggregated $264,400,130, against tion for that raw material will average less than in the
radical
;
—
November
past year.
THE CHRONICLE.
22. 1902,]
As the cotton goods market always
antici-
pates or closely follows the raw material, average rates
Several of
there are already tending to a lower level.
the products of iron and steel have likewise disclosed
a declining tendency, and if the question of f nel does
not interfere with the supply, it ci>uld oause no surprise were those markets to become in a measure un-
and prices lower. Finally, the almost prohibitory cost of building would seem to enforce a curtailment of construction in coming months. Until that
department of industrial work has become less ex
settled
pensive, the individual house builder,
will certainly have to be counted out.
unless rich,
1115
compelled to meet and answer that issue to-day.
that we have no sympathy
This, however, we will say
with those who are always anticipating a deadly conWe feel the utmost
test between capital and labor.
confidence in the power and good sense of public
opinion in this country. Further than that, it will
be soon enough to discuss such a contest when it
It is only right at a
actually becomes a live issue.
time like the present for our carriers, if revenue perThe work their labor does
mits, to advance wages.
secures at no time, in most grades of it, more than
moderate pay. Certainly to have taken a step which
—
is
right and
just
now
public
will, in
estimation,
greatly strengthen their position in holding
An
interesting incident of the last
two weeks has wise decision whenever the
been the wide adoption of the 10-percent increase
in the wages of railroad employes which we referred
It seemed to us to be a desirable step
to a week ago.
and one that the roads in their great prosperity could
We are consequently surprised
well afford to take.
to notice within the last few days that the public is
leceiving the act with disfavor, and that the advance
is to be followed by "a combined putting up of
It
rates " to get the revenue to pay the wages.
and
to
quickly
what
is
strange to note how
extremes Wall Street public sentiment swings.
A short time ago operators put no limit
to the
current and to the probabilities of coming
upon net revenue,
security values; all this was based
present and future.
Now,
if
we
are to
believe the
trial
comes,
on to a
if it
ever
does.
The
increase in the semi-annual dividend on the
common
&
Western Railway
Company from 1 per cent to 1£ per cent;, is what
might have been expected. The company has been
enjoying notable prosperity. The road is under the
domination of the Pennsylvania Railroad and is a
large carrier of coal and other minerals industries
which have been especially active. In reviewing the
company's annual report in our issue of September 6
1902, we showed how striking had been the expansion
in the company's revenues during the last few years
and also the conservative policy being pursued in
the management of tbe property, which has led those
in control to appropriate extraordinarily large sums
out of earnings to Improve the efficiency of the road
and raise its physical standard. For the twelve months
ended June 30 the company had available net] income
of $7,490,872, while the call for fixed charges was only
stock of the Norfolk
—
rumors, the roads are forced by some unknown power
to add to the pay of their employes, which they are
It is of course well in studyreally too poor to grant.
ing the upshot of any act or condition to include the
future outcome, but it is not sensible to be always
clothing the future in either deep red or dead black $2,367,777, leaving a balance of $5,123,094. Out of
trappings.
this latter sum, 2£ million dollars was appropriated
As to the wisdom of these advanoes, our opinion still for additions and betterments, while on the other hand
is
that they are timely and that, leaving out the coal
and nearly all of them
for the future appear likely to have, the means to pay
the advance; if it were not so the presumption is it
would not have been made. Certainly railroad managers
would to a man resist force used to drive them to do
an injudicious act. But seemingly the opposite view
has come to be the popular one. Suddenly the carrying industry, we are told, is impoverished and higher
wages to employes means no dividends or a lower dis
roads, the others as a rule have,
tribution
among
stockholders, with insolvency in the
amount paid out
the
in dividends was only $2,199,398,
on the adjustment preferred shares and 2 per cent on the common stock.
The 2£ million dollars appropriated for betterments was eqial to 4 per oent on the $64,469,200 of
Norfolk & Western common stock outstanding. The
this representing 4 per cent
increase therefore of i of 1 per cent in the semi-annual
payment on the common stock (or at the rate of 1
hence only a very moderate addition in view of the extent of the company's earnings.
per cent a year)
The
is
only $644,692 per
annum. For the three months of the new fiscal year
from Jaly 1 to September 30 gross earnings have
1 per cent increase calls
for
near future to a large body of the roads and in
the end to all except the richest of them; so
as an offset to one heedless, foolish act, we are told further increased (on top of the large earnings of last
they are to do another one still more foolish of enter- year) in the sum of $784,930 in gross and $304,081
ing into a combination to raise freight rates. We in net. The advance in the dividend puts the stock
venture to say there is no truth in any part of this on a 3-per cent dividend basis.
statement. It is quite possible that rates on some
which never meet the cost of carriage will
There is no new feature in the copper situation and
be advanced not long hence. We say that because there seem no substantial reasons for expecting any
such an adjastment has been a usual step with the great change in the immediate future. The stock of
close of navigation.
Probably if any changes in rates the Amalgamated Copper Company suffered a sharp
are made now they will be mainly of that character, decline early in the week, but that was in common
and have nothing to do with a shortened present or with the rest of the list and was apparently due to
future income produced by the higher wages an- general market conditions rather than to any new adnounced.
verse development affecting this particular company.
But, says the critic, even granting that, what will be It has since recovered with the general list. As far as
the outcome when hard times return and we all have the statistical situation is concerned, no improvement
to economize, railroads among the rest ? Will it not has yet occurred or seems to be under way. Expectacause the bitterest and the most socialistic of strikes tions of a falling off in the output of copper as
to get wages down at such a crisis ? We do not feel a result of the low prices prevailing have been thus
articles
—
.
THE CHRONICLE.
1116
Mr. John Stanton issued the usual
monthly figures on Friday of last week and they
showed that the output for October ran above that for
September and was close to the largest figure ever
reached in any single month, the amount being put at
26,252 tons, which compares with 24,098 tons In 1901
and 23,345 tons in 1900. On the other hand, the exports of copper are only of moderate proportions, though
much larger, of course, than in this month last year,
when the movement was unusually small by reason of
the artificially high price then maintained for the
metal. In other words, the shipments in October this
far disappointed.
year amounted to 12,515 tons as against 8,016 tons in
October 1901 and 12,682 tons in October 1900. The
month's total is the smallest of any month this year
with two exceptions. At the same time foreign copper production keeps large. Following we show the
statistical situation in our usual form.
[Vol.
LXXV.
Money on call, representing bankers' balances,
loaned on the Stock Exchange during the we k at 6
percent and at 2 per cent, averaging 4£ par cent.
On Monday loans were at 6 per cent and at 3£ per
cent, with the bulk of the business at 5 per cent. On
Tuesday transactions were at 5 per cent and at 3£ per
cent, with the majority at 4£ per cent.
On Wednesday loans were at 5 per cent and at 2 per cent, with
the bulk of the business at 4£ per cent ; the lower
rate was recorded, however, in the last half hour, and
only a small amount was placed at this figure.
On
4£ per cent and at 3
per cent, with the majority at 4 per cent. On Friday
loans were at 4£ per cent and at 4 per cent, with the
bulk of the business at 4 per cent. Time loans were
qnoted early in the week at 6 per cent for thirty days,
6^@7 per cent (representing the legal rate plus a
Thursday transactions were
at
commission for negotiating) for sixty to ninety days,
and 5£ @6 per cent for four to six months on good
1900.
1902.
1901.
244,633 223,724 223,387
mixed Stock Exchange collateral. After Wednes78,126 138,883
147,820
day, however, the quotation for sixty to ninety
84.604
96,713 145,598
13.787 16,082 10,663
Kemainder
days was reduced to 6@6£ per cent, and some
Production of forelgn-report73,186
90,122
82.718
8,960
7,920
ingmines
9.707
large loans
were reported at the lower figure.
It will be observed that for the ten months ending
There was no demand for money for thirty days, as
with October 31 1902, 96,713 tons of our domestic
loans for this period will mature in December, when
production has been retained at home, which commoney is expected to be active. Borrowers were
pares with 145,598 tons in the corresponding ten
therefore disposed to pay the higher rate for sixty to
months of 1901, but with only 84,504 tons in 1900. ninety day loans, which will carry them over into
Foreign production for the ten months has been 90,January and February, when renewals are expected
122 tons in 1902, against 82,718 tons in 1901 and
The offerings of time
to be made at lower rates.
73,186 tons in 1900.
money by the banks were not liberal, these instituCopper Production.
Tons of 2,210 lbs.
U. S. production
Exports
Ottober
1900.
1902.
1901.
26,252 24,098 23,346
12,516
8,016 12,682
/
1
,
Jan,
1 to Oct.
81
—
There was no change in official rates of discount by
any of the European banks this week. The feature
of the statement of the New York Associated Banks
last week was the comparatively small decrease of
$5,056,400 in loans, whereas a larger decrease was ex-
tions generally preferring to confine their business to
There are large syndicate payments
which are expected to have more or less
influence on the market.
These include the second
instalment of $21,500,000 on new Baltimore & Ohio
Monday and the first Instalment of $7,500,000
pected as the result of the liquidation of speculative stock on
Illinois Central stock on Dec. 2.
on
the
$15,000,000
accounts in the stock market. There was a reducThe commercial paper market was dull and there was
tion of $1,174,100 in specie and of $265,600 in legal
Quotations were 6 per cent for sixty
local buying.
tenders, making the total loss of cash $1,439,700. no
day
endorsed
bills receivable, 6 per cent for
ninety
Deposits were decreased $7,662,800 and the required to
reserve was thereby lessened $1,915,700.
Deducting prime and G-£ per cent for good four to six months
from this sum the decrease in cash, left $476,000 as single names; a few very choice lots were sold at 5|
the amount of the increase in surplus reserve.
Com-
puted on the basis of deposits, including $40,259,700
of public funds, the surplus was $18,328,350; calculated on the basis of deposits less those of the
Government, the surplus was $28,393,275.
Those
movements of money during this week which are
likely to influence
the bank statement include
the transfer through the Sub-Treasury of $1,160,000 to New Orleans and of $1,250,000 to San
Francisco $300,000 was shipped to Canada. There
was a transfer hither from San Francisco on
Tuesday of $960,000 and on Wednesday of $250,000, a
;
total
of
$1,210,000,
representing
Australian
gold
which arrived at that Pacific port on Monday. On
Thursday the Sub-Treasury paid out $400,000 for
London
account of the Navy Department. There was an arrival on Saturday of last
week of $671,389 French gold coin in transit for
Cuba. Payments of rebated interest thus far reported
have amounted to $3,446,865. Substitutions of State
and municipal bonds for Government bonds as
pledges for public deposits have been $20,488,500.
A
new low- record price for bar silver in London was
made on Thnrsday, when it fell to 22$ pence per
transfer to
ounce.
loans on call.
nearly due
per cent to out-of-town institutions.
The Bank of England minimum rate of discount
remains unchanged at 4 per cent. The cable reports
discounts of sixty to ninety-day bank bills in London,
The open market rate at Paris
3f@3£ per cent.
is
3 per cent, and at Berlin and Frankfort
it is
3| per
According to our special cable from London,
of England lost £285,795 bullion during the
the
week, and held £33,062,122 at the close of the week.
Our correspondent further advises us that the loss was
due to exports of £475,000 (of which £350,000 were to
Egypt, £100,000 were to Buenos Ayres and £25,000
were to miscellaneous points) and £189,000 net
receipts from the interior of Great Britain.
cent.
Bank
for
The
foreign exchange market was easy
early
in
by the firm rates for time
money in New York; the tone improved, however,
after Wednesday, and it was strong at the close.
The high time loan rates encouraged the negotiation of sterling loans, thus causing a decline in
Commercial drafts,
and ninety-day bills.
sixty
against cotton, were offered freeespecially those
but the demand for them was good; consely,
quently rates declined only fractionally. Bankers
the week,
influenced
.
;November
,
H 17
THE CHRONICLE.
22, 1902.]
generally seamed to limit thoir purchases of short
needed for immesterling to those which were
Cotton for payment
ments for payment 4 82f@4 84.
for
acceptance
cotton
4 83£@4 83$ and
83,
4 82£@4
and in the absence of urgent demand grain for payment 4 83|@4 84.
One feature was an
these bills gradually fell off.
inquiry for marks for direct remittance to GerThe following gives the week's movements of money
many, but this had little or no influence upon to and from the Interior by the New York banks.
Until Thursday exchange at Paris on
quotations.
diate remittance,
London
times.
francs
cenwas maintained at 25 francs 11
was
a
rise
there
to
25
Then, however,
13 centimes, and concurrently our ster.
Wttk Bndinu Nov.
-J-
SM99** bv
31, 1903.
N. T. Bankt. N.Y.mnkt.
11,908,000
949,000
Onrreney.
9cld
»3,862,0C0
708,000
Wei Inter!*'
.Movement.
Gain $1,146,000
Gain.
341,000
Gain. 11,387 000
16,947,000
14,560,000
market and that for francs became more
-1'owl gold and legal tender*.
result
of
the
arbitrage
active and fractionally higher,
With the Sub-Treasury operations the result is as
On Frioperations and buying for Saturday's mail.
follows.
day there was a further advance in sterling at Paris
Out$f
Ntt Oh*nto in
fate
to 25 francs 13£ centimes, and the New York exWeek BndUvo Nov. 31, 1902.
Bunk*.
Bankt.
Bank fioidiMfi.
strong.
noted,
was
The
change market, as above
$4,560,000 Gain $1,387,000
Bankt interior movement, at above $5,947,000
sensitiveness of French exchange, indicated by the ?ub-Trea». operations
20,700.000
81,200,000
Loss
600,(00
upward movement, seems to make it improbable
$25,760,000
tenders.
$36,647,000
Gain.
$887,000
Total gold and legal
that gold will be engaged for export to Paris even if
The following table Indicates the amount of bullion
sight bills shall advance to figures which will apparprincipal European banks.
ently show a profit, for it is regarded as doubtful if in the
ling
sterling at Paris
on London can ba obtained in
suf-
Nov.
ficient amounts to cover the reimbursing draft without causing a rise in the French exchange to points
which
will
make
Still
profitable.
the export ^movement actually unit is possible that bankers having
may be
even under
the existing conditions of the two markets. Indeed,
it was reported on Thursday that some gold would go
forward next week. The AsBay Office paid $772,565 97 for domestic bullion. Gold received at the
special facilities
able to ship gold
Custom House for the week $16,008.
Nominal quotations for exchange are 4 84$ for
On Saturday of
sixty-day and 4 87^@4 88 for sight.
last week some business was done in sight exchange
at an advance of 5 points, compared with the rate on
There was no change
Friday, to 4 8695® 4 8705.
either in long or cables and the market was dull and
On Tuesday
steady on Monday at unaltered rates.
long fell 15 points to 4 8375@4 8390, but sight was
unchanged, though the tone was easy; cables were
On Wednesday long declined 15
5 points lower.
points to 4 8360@4 8375, influenced by offerings of
loan bills, and short fell 5 points to 4 8690@4 87 in the
absence of demand] cables were unaltered. On Thursday the market grew firmer and long rose 5 points to
4 8365@4 8375, while short and cables advanced 10
points, to 4 87@4 8710 for the former and to 4 8750®
4 8760 for the latter. The tone was strong on Friday, and short closed at an advance of 10 points to
4 8710@4 8720 and cables were 10 points higher at
4 8760@4 8770; long was unchanged. The following
shows posted rates for exchange by some of the leading
drawers.
DAILY POSTED BATES FOB FOREIGN BXGHAHQE.
FBI.,
Nov
78
Brown Bros
{fight
60 days
Baring,
(
Magonn & Co.
Bank British
No. America.
Bank
.
<
.
of
(
(
Canadian Bank
of Commerce..
Heldelbach, Ickelhelmer & Co.
Lazard Kreres
\
.
(
(
(
(
Sight
60 days
.
Sight..
60 days
60 days
Sight..
60 days
8ight .
f° days
.
{
4 85
4 8*
4 85
4 88
4 85
488
4 85
4 88
4 85
4 8S
4 8S
4
4
4
4
8S
85
83
85
4 88
14.
MON.,
Nov.
86
88
85
88
85
88
85
88
85
83
85
88
85
88
85
88
17.
Tubs.,
WED., Thdb., FP.I.,
Nov. 18. Nov. )9. Nov. xo. Nov. 81
85
88
85
83
85
88
85
83
85
88
85
88
85
88
84*
84*
84*
88
88
88
84*
84*
84*
88
85
88
88
88
84*
84*
88
88
84*
87*
84*
87*
84*
84*
87*
84*
87*
84*
84*
87*
84*
87*
81*
88
88
88
84*
84*
84*
88
88
88
Bank
Gold.
£
Jngland
Total.
Gold.
21. 1901.
£
£
£
'-•Mia
m-Hnng'yt
loam
,
.
Netherlands.
»»t Belg'tt*
Silver.
46,344,000 12.180,000
11830.000 19,700,000
lotaL
£
33.062129 36,313.817
101.530,846 44.280,458 145,810.701 98,895,971
3»,239.000 10,984,000 44,163,000 83,994,000
74,080.000 6,870,000 80 480,000 85,953,000
German)*.
Italy
BOxtr.
38,063,182
.
France..
.
Nov.
80, 1902.
of
68.604.000 45,567.000
34,080,000 14,068 000
36.213,617
44,088.769 140.784,740
13,220,000 47,914,000
5,698,000 71,649.0Cii
10,893 000 56,449. i
18,966,000 81,013.>
'
16,719,000
3,083,700
18,752,700
15,934.000
2.048.9'JO
17,988,9"
4,697.700
6,429,2?0
11.126,900
6.741.810
6,982,100
11.733,910
3,053.667
1,626,333
4,379,000
3,046,000
1,533,000
4,669,
'
Pot. this week 328,034 785 103423691 429,468.626 316,192,338 100405769 416.599,167
Tat. prey, w'k 385,034.783 101081149 489,148,932'316,670,790 99,851,100 115,631.820
* The division (between gold and silver; given In our table of coin
and bullion in the Bank of Germany and the Bank of Belgium is made
from the best estimate we are able to obtain In neither ease Is It
alaimed to be accurate, as those banks make no distinction In their
weekly returns, merely reporting the total gold and silver, but we
;
believe the division we make is a close approximation.
+ The Anstro-Hungarlan Bank Statement is now issued in Kronen and Heoer instead of Gulden and Kreutzer. The redaction of the former currency to
sterling £ was by considering the Gulden to have the value of 50 cents. As
the Krone has really no greater valne than 20 cents, our cable correspondent in
Loudon, In order to reduce Kronen to £, has altered the basis of conversion by
dividing the amount of Kronen by 24 Instead of 20
UNIONISM AND THE BOYCOTT.
Three very notable incidents of the past few days
have been the attempted boycott of the Schenectady
street car lines by a trades union of that city, the
continued attack by other unions on workingmen
identified with the National Guard and the examination of Mr. John Mitchell before the Strike Commission in the matter of the coal-strikers' attitude
towards non-union men. We have grouped these
three incidents under the general head, " Unionism
and the Boycott," because that is the question which
was involved in each of them. The purpose of the
Trades Assembly at Schenectady was avowed with
more openness than that of the other bodies referred
to, but it is sufficiently clear that in a greater or less
degree the State militia has been boycotted in the
case of the several unions who have proscribed members connected with it, and that the whole community
in the coal fields was boycotted by the anthracite
union miners, so far as it had anything to do with
non-union labor. We have a word to say about each
of these undertakings.
The attempt
Sohenectady street-car
lines collapsed ignominiously, and it was bound to do
The market closed at 4 8365@4 8375 for long, so. It was, in fact, an insane experiment by a body
4 8710@4 8720 for short and 4 8760@4 8770 for of agitators who utterly failed to understand the forces
cables.
Commercial on banks 4 83i@4 83£ and docu- with which they were dealing. The performance
Merchants' Bk.
5
60 days
85
83
84*
87*
84*
87*
84*
87*
to boycott the
THE CHRONICLE,
1118
[Vol.
LXXV.
be described as ludicrous, because it in order. But the militia has no more interfered with
effect demanded that an entire community, at the the strike itself than the policeman has who arrests
word of a conclave of laborers, should alter the habits a drunken striker putting a torch to his former emIf the militia are to be boycotted,
of their life and give up the use of certain provisions ployer's dwelling.
of civilized society which had become indispensable. why not the police ?
We have reserved to the last a word or two on the
There was but one trolley company which could serve
the needs of the traveling public in that section, and boycott in the coal fields as developed through this
this company also supplied the lighting facilities of a week's testimony of Mr. Mitchell before the Strike
good part of the community. The public was warned Commission. This testimony has been exceedingly
that whoever patronized this company would be significant, not less so because of the fact that Mr.
"spotted" by the union, expelled from its rolls Mitchell himself does not appear to be personally an
if
he was a member, and in any case deprived advocate of such methods. Mr. Mitchell in fact was
The citizen who in the position of the unwilling witness.
Mr.
of the patronage of unionists.
did not walk where the trolley had formerly MacVeagh had referred to the famous and perfectly
carried him to his work, or who did not sit in well-known " boycott notice " served on the merchants
darkness where the electric company had formerly where the non-union men bought their goods. The
lighted him, was to be an outlaw and a public enemy. following colloquy ensued :
Unionists must not deal with him; if they did, the
" Do you approve of the acts of these officers of your union
decree,
with
them.
Such
a
must
rest
on
anathema
in this matter ? "
"Were they officers ? "
It
its sweeping consequences, was inevitably futile.
" They were."
was a twentieth century attempt at excommunication
"What did they forbid the merchant to sell to the nonby a body which had no right to excommunicate. It
union men ? "
was, to pursue the figure, a bull against the comet,
" The necessities of life."
and the committee of agitators who launched it were
" Then I should say that was wrong."
"You do not know of any disciplinary acts toward these
in twenty-four hours the laughing stock of the entire
"
officers
?
episode
it
may
said
that
the
be
community. So far,
" I never heard of these cases before."
marked the victory of society over the boycott.
This was the nature of the response in every inUnfortunately, the same attempt has been made in
a less stupid and more insidious way by leaders better stance. Mr. Mitchell's union had "never heard" of
We need the notorious oases of violence, or it was "looking
able to measure the forces at their hand.
only refer for an instant to the attempt of certain into them," or it had "not yet had the cases officially
New York State labor unions to force their members brought before it." Asked as to specific acts of
out of the National Guard. This matter has been pre- violence, the union president always "disapproved of
sented speciously by the unions. They have explained, such methods." He had always "advised members
in their resolutions and public comments, first that against violence;" had "regarded such acts as prethey object to such affiliations of union members judicial to the unionist cause. But he was wholly
because, as they allege, the militia may be used to unable to point to an instance where the union had
break strikes and fire upon strikers, and, second, that taken aggressive steps to investigate accusations of
they merely set up a policy for their own members and assult, arson and murder, preferred against its memIt was always ignorant even of such accusabers.
do not attack the National Guard itself.
But what are the actual facts ? A union member tions; much more, then, was its confession of ignorance
who insists on remaining in the National Guard is dis- probable as to the notorious boycott of non- union
This is no men in the coal-fields, and of all who dealt with them.
ciplined by expulsion from the union.
theory ; it is what happened a week or two ago in Mildly deprecating the boycott, as described to him
New York State. Becoming a non-unionist, he is by cross-examining counsel, Mitchell was next conboycotted as other non-unionists have been. To the fronted with his own words, in a former strike,
extent, therefore, that laboring men are members of approving the use of boycott as a weapon against nonthe State militia, the militia itself is boycotted ; and unionism. This wretched piece of insincerity spoke
may, in
it is
fact,
easy to see
how
slight the intervening step
would
be to boycotting all who deal with such disobedient
unionists, and then to boycotting militiamen who
never were members of a union. There is, in fact, no
limit, once it is started, to the extension of this savage industrial persecution. And, let it be observed,
this is done on grounds which have not a particle
Militiamen have at times fired
of basis in fact.
on crowds in which strikers were present, and
have been an indirect means of breaking strikes but
why ? Only because the strikers were in mobs assailing private property, and because the only real support behind the ^strikes in question was that of the
violence cf a mob. This summer's coal strike had
other support, and the militia was on the ground for
It is perfectly well
fully two months without effect.
known that the National Guard has never been called
out until violence and anarchy have passed beyond
;
the control of local authorities.
If a strike's
success
for itself.
We
wish only to point out the natural sequence of
events when once this dangerous, anarchistic and
thoroughly uo- American expedient is employed.
First, as Mr. Mitchell put it on the stand, strikers
"naturally prefer to support only their friends," and
were therefore encouraged to prevent other people
from supporting those who were not the strikers'
The non-union man's family is driven out of
friends.
employment. Next, the merchants who provide him
with necessaries of life are warned to stop doing so
under pain of boycott. Next, the citizen soldiery
which is summoned to keep public order is made inFinally, as at
direct subject to the same anathema.
Schenectady, the entire community
stand and deliver.
this boycott craze
We
is
called
affirm that the last
upon
to
phase of
the legitimate, normal and indeed inevitable outgrowth of the first; and we further
register our belief that, sooner or later, society will be
forced, as a matter of self-preservation, to take this
is
depends on such accessories, then the continuance of
such a strike is incompatible with public peace and sort of conspiracy resolutely in hand.
November
THE CHRONICLE
22, 1902.]
This Includes what
215,153.
THE GROWTH OF 1HE BALTIMORE
trolled
£ OHIO RAILROAD.
1119
are
called the con :
or affiliated lines, the most of which
were
acquired during the late year. The net earnings
Baltimore
Ohio
the
&
with
connected
Everything
on the same mileage were over 22£ million dolBailroad Company is now on a scale of extraordinary lars— $22, 644,064. Even on the Baltimore & Ohio itmagnitude. No feature in the report of the company self that Is independent of the affiliated lines the
issued the present week stands out so prominently as total of the gross was $51,178,060 and the total of the
The property is under the domination of the net $18,289,497. The Increase in the gross over the
this.
Pennsylvania Railroad Company, and its affairs are year preceding in this last Instance was $4,063,630,
being managed on the same comprehensive scale as and we have striking testimony to the efficiency
—
—
which is being attained in the management of the
those of that company.
Take for example the construction and improve- property and the benefits resulting from the enormous
ment expenditures. These aggregated $6,834,329 in expenditures of recent years partly from earnings
the year ending June 30 1902 and $9,221,995 in the and partly from capital that this increase of $4,063,-
—
—
year preceding, making over 15 million dollars in 630 in gross receipts was attended by an augmentaConsidering the sums applied tion of only $1,842,333 in expenses and that of this
these two years alone.
in the same way in the two years immediately preceding Increase $1,162,847 represented enlarged outlays on
and the enormous amounts spent upon the road by
Mr. Cowen while he waB receiver of the property, it
becomes evident that exceptional efforts are being
made to increase the capacity and efficiency of the
maintenance account. The addition on account of
Maintenance of Way and Structures was $549,291 and
on account of Maintenance of Equipment $613,556.
The increase in the cost of conducting transportation
road so as to enable it to handle the steadily expandWe
ing volume of business which it commands.
Railroad
Pennsylvania
should say that outside of the
itself there is no other railroad system in the country
upon which the outlays, present andjf uture,|are at this
time of the magnitude of those planned and being
was only $689,770.
Turning now to the
carried out
on the Baltimore
Daring the
& Ohio
Railroad system.
late year the outstanding stock
was
traffic statistics,
we see marked
The company
evidences of economy in operations.
carried 5,181,703 tons more freight than in the previous year
and 354 million tons more one mile, yet
managed
to diminish its revenue freight-train mileage,
the trains having run 627,257 miles less than in the
in-
preceding year. Translated into different Ian guage, this
creased $30,996,200 in addition to an increase of means that the company's average train-load increased
$23,500,000 in the funded debt, making $54,496,200. 32 tons during the year, bringing it up to the high figure
To be sure $39,385,186 of this went to acquire the of 406} tons. As a larger train-load is one of the main
stocks and bonds of sundry affiliated companies, but objects of the expenditures of money for reducit should not escape notice that since the close of the ing grades, curves, etc., it is obvious that the end so
made for the further much sought in economical operations is being atnew shares going to tained. The train-load given is simply the average
Of this amount no less than 20£ on revenue freight alone. It does not include comstockholders at par.
million dollars is to go towards! the acquisition of pany freight at all. Paranthetically, it may be re-
year provision has been
issue of $42,316,900 stock, the
fiscal
additional equipment and 9£lmillion dollars
is
to be
applied in providing double track and to pay for
miscellaneous construction, while the remaining 12£
million dollars'will be used to acquire stocks, bonds,
be placed as security under the mortgage of
the Pittsburg Lake Erie & West Virginia.
The needs of the system and the growing extent of
its business are well illustrated by this capital appropriation of 20£ million dollars for additional equipment.
etc., to
It
may be
recalled that the
company
In
April of
last
year issued 10 million dollars of equipment bonds.
appears from the report that at the close
the late fiscal year, that is on June 30 1902,
Moreover
of
it
the company's freight and service equipment
(in-
than
84,551 cars and that the company had 1,690 locomotives and 1,112 passenger cars.
The balance sheet
shows that on June 30 1902 the total of preferred and
cluding the
common
affiliated lines)
stock
amounted
aggregated no
to $135,357,467,
less
that
the
funded debt at that date was
$221,851,530 and that there were $11,281,034 of assumed liens, making $368,490,032 not counting the
10 millions of car trusts just mentioned which were
issued last year, and have since been reduced to 9 million dollars, 1 million having been paid off. The $42,316,900 of new stock now to be issued will bring the
total of stock and debt well above 400 million dollars.
It will no doubt be a surprise to most persons
to hear that the annual gross earnings now reach
over 62 million dollars, the total for the twelve
months ending June 30 1902 having been $62,-
amount
of the direct
—
—as showing the extent of the company's
business —that the total of revenue freight carried one
marked
mile during the late year
fell
only a
trifle
7,500 million tons, being 7,495,527,780.
short of
The
figures
the 3,233 miles directly
embraced in the Baltimore & Ohio system, the 1,106
miles of affiliated roads not being included in these
in this instance cover only
statistics.
On
this
latter 1,309
million
more tons
were moved one mile, bringing the grand aggregate
up to the imposing figure of 8,804,371,123 ton miles.
We have stated that gross earnings had Increased
$4,063,630; the increase in the net earnings on the
3,233 miles was $2,221,297, and the ratio of expenses
to earnings (notwithstanding the increased maintenance outlays) was reduced from 65*89 per cent to
64-26 per cent. It will be asked, did not the company
realize very much better average rates?
In reply it
may be said that there was a slight improvement in
this respect, the average for the late year having been
5 '15 mills per ton per mile, as against 4*98 mills per
ton mile in the previous year.
The improvement, It would seem, however, does not represent
any increase
in the charge to shippers
for the transportation services rendered, but simply
means that there was a falling off in
the lower and cheaper class freights, while at the same
time there was an increase in general merchandise
freight comprising many items of traffic bearing
higher rates. The loss in low-class tonnage followed
from the poor crops of the year preceding, while the
increase in merchandise and higher-class freights is
THE CHRONICLE.
1120
one of the incidents of the existing period of trade
prosperity,
and particularly the
activity of the iron
This view is fully borne out on further study
In the case of the soft-coal tonnage,
of the statistics.
which is each year rising to larger proportions on the
Baltimore & Ohio, the inorease in the average rate
was really very trifling indeed. On this soft-coal tonnage the company realized only 3*52 mills per ton per
mile in 1901-2, an Increase of barely *03 of a mill as
compared with the year preceding.
The annual report is in larger and better shape
than ever before, and from a table showing the ton
nage in the different commodities we see that the increase of 5,181,703 tons in total freight traffic was
made in face of a diminution in the grain and flour
tonnage of no less than 680,009 tons this reflecting
There was also a decrease
last year's crop shortage.
of 13,227 tons in the live-stock tonnage and 19,975
tons in the tonnage in dressed meats, both presum-
trades.
[Vol.
LXXV.
twelve months from a par of $3,983,100 to $5,353,200.
The balance sheet shows that on June 30 1902 the
company had $15,190,650 cash on hand and
in bank,
including which the cash assets were $25,883,225.
The current liabilities, including interest accrued but
not due, and also the dividends payable in September,
were at the same date only $18,169,749.
GOLD AND SILVER PRODUCTION OF THE
WORLD IN 1901.
Through the courtesy
Mr. George H. Roberts,
Director of the United States Mint, we have received
this week an advance copy of the Bureau's compilation of the world's production of gold and silver in
1901, and from it the subjoined tables have been prepared.
The difference between the present total and
the results we gathered and made public last February is very slight.
To be exact, the Mint returns for
1901 make the amount of gold mined in the world
The anthracite coal ton- 12,740,746 fine ounces, valued at
ably due to the same cause.
$263,374,700; whereas
nage also declined 91,906 tons, the miners' strike, which in the Chronicle of February 8th, page 295, we
began on May 12, being of course the reason. Aside from placed the yield at 12,894,344 fine'ounces, valued at
the items mentioned there are only three others where
$266,649,300.
the tonnage for 1901-02 was less than that for 1900-01.
The final official total of gold yield for the United
On the other hand the bituminous coal tonnage in- States is somewhat less than the approximate result
creased 2,957,380 tons and the coke tonnage 516,273 made
public by Director Roberts in January last. But
Then there was an increase of 501,043 tons in the various States occupy practically the same relative
tons.
the shipments of iron and of 61,588 tons in the ship- positions as indicated in our February compilation.
ments of rails, besides 490,392 tons in the shipments The loss from 1900 for the whole country is shown to
of what are called "other castings and machinery."
have been 24,397 fine ounces. TLe United States,
These are the classes of items that reflect the pros- however, continues to lead the world as a gold properity of trade and we may add that the company also
ducer, but by a much smaller margin over Australasia
carried 704,621 tons more of stone, sand and like ar- than in 1900.
ticles, 243,222 tons more of lumber, etc., and 158,422
For other countries the Bureau's results indicate,
tons more of cement, brick and lime.
with but a few exceptions, a continuing tendency
The company's income statement shows that the toward enlarged production. Africa shows a slight
net income for the twelve months was $9,020,945, after gain over 1900, but a decidedly small yield compared
charging up $1,038,743 for discount and commission with 1899; but since the conclusion of peace negotiaon securities sold and $265,194 for miscellaneous im- tions production has been increasing from month to
of
—
Out
provements.
of
this
$9,020,945,
the
sum
of
appropriated for
was
additions and
being the portion
improvements, that
the
of
construction and betterment
expen$5,834,329
for
the
twelve
months
ditures
which waB paid for
out of income. We may add that in the previous
year there was a similar appropriation of 2£ million
With the 2£ million dollars
dollars out of income.
deducted the available net income for 1901-02 was
The call for 4 per cent dividends on the
$6,520,945.
preferred stock and also 4 per cent dividends on the
common stock as it stood June 30 1902 would aggregate altogether $5,439,848, so that over and above all
$2,500,000
these special appropriations and outlays a surplus
month, the October 1902 total being reported at 190,000 ounces. Australasia's output also increased in
1901, but Canada exhibits a considerable decrease
from 1900. Russia, with an excess over the previous
year of 130,875 fine ounces, approaches closely to
Canada. Of the smaller producing countries, China
records the greatest proportion of gain in 1901, the
advanced to 439,801 fine ounces. The details for 1901, re- arranged by us so as to give the countries in the order of their prominence as producers,
are herewith appended, comparison being made with
1900. Only those countries producing a value of $2,000,-
yield having
000 or more in the last year are stated separately.
of
WORLD'S GOLD PRODUCTION.
a million dollars remains on the operations of the
,
—
twelve months $1,081,097. We may say that for the United States
four months of the new fiscal year from July 1 to Australasia
Canada
October 31 earnings show an increase of $1,670,927 Russia
in gross
and
of $525,446 in net.
The annual
Mexico
report furnishes full and explicit state-
ments regarding the
year's acquisitions as represented
in the controlled or affiliated lines,
way a
satisfactory document.
and
It Is well
is
in every
enough
to
British India
China
Afrioa
Korea
aGuiana
Colombia
point out that 116 19 miles of main track and second, Brazil
Austria-Hung'ry.
third and fourth track were added during the year Other European..
and that 154*67 miles
were built ; that 832
miles of track were ballasted and no less than 58,582
tons of new steel rail laid of a weight of 85 to 100
lbs. to
of
the yard.
Consolidation
of sidings
The company increased its holdings
Coal Company stock during the
Other 8o. Amer'n.
AUoth'r countries
Totals
1901.
Fine ounces.
3,805,500
3,719,080
1,167,216
1,105.412
497,527
454,527
439,801
439,704
217,687
202,072
135,513
134,260
103,363
21,703
145,552
151,829
.
Value.
$78,666,700
76,880,200
24,128,500
22,850,900
10,284,800
9,395,900
9,091,500
9,089,500
4,500,000
4,177,200
2,801,300
2,775,400
2,136,700
448,700
3,008,900
3,138,500
1900.
.
Value.
Fine ounces.
3,829,897 $79,171,000
73,498,900
3,555,506
27,880,500
1,348,720
20,145,500
974,537
9,000,000
435,375
9,435,500
456,444
5,574,400
269,662
8,671,900
419,503
4,500,000
217,687
4,193,000
202,837
1,194,900
57,804
161,104
3,330,300
2,141,900
103,615
465,200
22,505
3.820,800
184,830
126,293
2,610,700
12J40.746 $263,374,700 12,366,319 $255,634,500
a British Guiana, 85,701 ounces; French, 96,750 ounces, and Dutch,
19,621 ounces, a total of 202,072 ounoes, in 1900; against British,
98,487; French, 76,468, and Dutch, 27,882 ounces, a total of 202,837
ounoes, in 1900.
j
N»YHM8ER
1
.. .
.
THE CHRONICLE.
22, 1902.
1121
The
further improvement in earnings the,
present year comes after exceptionally heavy gains in
the same month last year, our return for September
1901 having shown $10,481,041 or 10-88 per cent
This aggregate compares with 172,838,873 ounces in
gain in gross and $4,393,211 or 12 45 per cent gain
1900 and 167,224,243 ounces in 1899. Mexico leads
The following table furnishes the September
In net.
in silver production, being followed closely by the
back to 1893; also the figures for the nine
United States. Next in order are Australasia, Bolivia totals
months, the results in this case including a number
and Chili. Canada and Germany have done better
of roads which make auarterlv returns but not
than in 1900, but Peru has fallen back materially.
exhibits.
The details for 1901 make the following comparison monthly
railroads.
world's production of silver in 1901, according
to the Bureau, was 174,998,573 ounces, or 755,216
ounces less than we estimated the total in February last.
The
with the results for 1900.
We
give separately only
those countries producing more than 2,000,000 ounces
in either year.
WORLD'S SILVER PRODUCTION.
1901.
,
Fine
ounces.
Fine
Coining
value.
ounces.
value.
57,656,549 $74,545,900
United States... 55,214,000
71,387,800
Australasia
16,871,700
13,049,243
Bolivia
13,258,000
10,254,260
ChiU
11,966,200
9,255,130
Peru
7,241,500
5,600,848
Germany
7,139,100
5,521,648
Canada
6,778,400
5,242,697
Spain
3,185,316
4,118,400
Colombia
1,881,649
2,432,800
Other European. 5,393,605
6,973,500
Oth'rSo.Amer'n.
53,700
69,400
All oth'r count's.
2,689,928
3,478,000
57,437,808 $74,263,000
74,533,500
57,647,000
17,248,000
13,340,263
12,904,400
9,980,731
5,382,100
4,162,718
9,433,000
7,295,825
5,411,441
6,996,600
4,448,755
5,751,900
4,118,400
3,185,316
2,410,200
1,864,165
6,643,100
5,138,135
45,306
58,500
3,725.500
2,881,407
174,998,573 $226,260,700
172,838,870 $223,468,200
Totals
RAILROAD GROSS AND NET EARNINGS
FOR SEPTEMBER.
Our compilation
Tear
Given.
Preceding.
•93(127)
t
54,803.622
and net earnings of
the month of September
of the gross
Net Earnings.
Increase or
Decrease.
-0.880,337
-8,291.204
J4(1SB)
58,183.079
'96(184)
66,379,678
64.061,541
'96(186)
67.063,112
68.277,749
97(181)
72,671,090
62,866,614
+3,318,032
—1,824,037
+9,704,57?
'08(123)
81,574,080
88,46P,145
79.290,848
-f 8,283,282
'00(128)
92.274.231
77,606,660 +10,863,486
90,880.548 +l,t 93,688
'01(1 18)
108.840,715
90,369,674 +10.481.041
•08(108)
108,277.736
99,002.819
'99(183;
lan. 1
Tear
Increase or
Preceding Decrease.
Fear
Given.
~~t~
$
I
61,743,959
66,454.343
,
Coining
Mexico
Tear
roads.
oept.
1800.
.
Brou Earnings.
Tear A
No. of
+8,014,917
$
22.982,488
8
-1.994.620
18.514,718 21,382,593 -2,807,880
20.423,570 19,385,370 +1,038,200
19.899,887 80,478,809
-B88.982
27.53S.974 81,860,419 +6,678,555
31,520,183 80,352.609 +1,167.574
33,488 813 29,398.146 44.090,067
31.078,^53 84,790,545
-710,092
39,663.022 85,270,41
+4,393,811
37,380.366 86,485,814
+901,162
20,987,968
to Stpt. 30.
•98(142)
647,584.831
•94(162)
476,859,447
•96(174)
580,286,710
'96(157)
•97(156)
549,979,276
597,281,139
•98(143)
699,037,384
99(142)
748,504,479
•00(141)
871,341,224
'01(122)
910,186.820
•08il27)
904,266,169
560,628.016 -8,048,186 170,819,396 177,805,807
547,632,761 -70,973,314 160,266,046 170,029,907
649,773,887 +80,511.828 184,128,510 169,105,858
641.713,858 +8,805,91* 169.207,741 168,855,099
673,680,914 +23,764.226 195,111,274 175,090,757
647,706,658 +61,270,726 287,627.024 810,882,145
682,697,231 +05,807,248 246,340,093 219,111.861
791,087,245 +80,313,979 286,447,458 202,386.890
828.991,836 +86.194,435 309.153,145 207.878.786
856,698,478 +48.583.081 290,709.623 288,396,466
-0,980,481
—19,768,868
+14,722,668
+ 1,412,048
+19,420,517
+16.744,879
+27,828.282
+84,121,568
+41,874,359
+2,378,168
Notk.— We no longer include the Mexican roads or the coal-mining
operations of the anthracite ooal roads in our totals. Figures for
previous years have been revised in accordance with this ohange.
Among
the separate roads we have a very extensive
both in gross and
net.
The decreases come mainly from the roads
In the case of the
which
have suffered from the miners' strike or some
gross earnings the increase reaches $8,614,917 or 8*64
other exceptional circumstance. The following is the
per cent, though in the net the increase is only $901,
list:
152 or 2*47 per oent. Trade and business continued
PRINCIPAL CHANGES IS GROSS »ARNING8 IN SEPTEMBER.
very active and some items of the grain movement in
Increases.
Increases.
the West were larger than a year ago, while the cot- Pennsylvania
$1 ,866,700 Georgia
$71,209
R. I. & Pacific...
,575,343 Chicago & Alton
70.964
ton movement in the South was very much heavier Ohio.
Southern Pacific
906,197 Ft. Worth* Den v. C.
60,895
Railway
528,015 Colorado A Southern.
59,985
than in 1901. The roads also had the advantage oi Southern
Louisville & Nashville
441,701 Kan. City Southern..
53,916
Baltimore A Ohio
433,096 Long Island
51,206
an extra working day the present year, September Union
Pacific
396,757 Chic Ind's &Louisv..
46.151
387.458 Minn. A St. Louis
45,439
1902 having contained only four Sundays whereas Canadian Paolfio
Atlantic Coast Line...
369,177 Hooking VaUey
45.076
326.263 Wheeling & Lake Erie
41,329
September 1901 had five. Furthermore we are com St. Louis A San Fran.
Illinois Central
309,177 St. Louis Southwest...
39,829
292,723 Cin.N.Orl.&TexasP..
39,538
paring with the month In 1901 when President Mc- Ohio. MU.& St. Paul..
Western
Norfolk &
283,807
Kinley's assassination was somewhat of a disturbing Gr. Trunk 8ys.(3 rMs).
Total (represent255,978
ing 44 roads).. $10,931,981
Central of Georgia....
230.409
influence on business, as previously pointed out in Mo. Kansas A Texas..
200,359
Wabash
179,625
Decreases.
these columns. On the other hand the anthracite coal Seaboard Air Line
174,896
Minn. St.P. A S.Ste M.
156,543 Lehigh Valley*
$923,278
miners' strike was this year an adverse element of Atoh. Top. & Santa Fe
128.S40 Phil. & Reading Ry.j.
496,109
Nash. Chat. & St. L...
121,510 Cent, of New Jersey...
446,294
decided importance, and the absence^of the large pas- Chic. & East Illinois..
113.261 Chesapeake
Ohio..
274,207
Yazoo A Miss. Valley.
103,457 N. Y. Ont. & Western..
140,707
senger traffic which last year>ttended the holding of Wlsoonsin
Central
100,647 N. Y. Susque. & West..
118,511
Pere Marquette
100,435 Denver <& Rio Grande§
69,986
the Pan-American Exposition at Buffalo also operated Clevd.Cln.Chio.&
84,400 Northern Central
StL.
56,000
Ant. & Ar. Pass.
80,436 Erie
50,150
against the roads.
It might be added that besides San
Phil. Wilm. ABalt....
80.COO
Total (representing
79,234
the anthracite miners' strike, the Chesapeake & Ohio Buff. Rooh. A Pittsb'rg
United States railroads for
makes a strikingly good showing.
list
of increases for large amounts,
t
<fc
9 roads)
continued to suffer from the soft-coal miners' strike
at the mines along its lines.
September
January
1 to Sept. 30.
(127 roada.)
(108 roads.)
1902.
1901.
Grose eam'8 108,277,78e 99,662,819
Oper. eip.
70,C41,3;0 63,227,605
Net eara's
S7,836,36e
36,436,214
Increase.
1902.
1901.
Increase.
8,614,917 904,266,169 865,698.478 48,563.681
7,718,766 613,4fc6.636 567,298,023 46,190,513
901,15* 3BO,;60,CtS 288,696,4 56
* Does not include results for Lehigh Valley Ooal Co., which latter
shows a decrease of $1,456,61)0.
t Covers lines nireotly operated east and west of Pittsburg and Erie.
The gross on Eastern lines '(including Buffalo A Allegheny Valley
Division) increased $1,120,800 and the gross on Western lines in-
creased $745,900.
iThese figures are for the Railroad Company
pany reports a decrease of $2,148,898.
5 Including Rio Grande Western.
PRINCIPAL CHANGES IN
2,373,168
Chic R.
The comparatively
small iacreas* in net, with so
large a gain In gross, reflects the prevailing tendency
to spend large amounts in renewals and betterments
by taking the necessary money out of earnings.
we must suppose, the increased cost
and materials and of nearly every item
It
also reflects,
of
labor
of
supply that enters into the operating accounts of
the
$2,575,242
I.
Increases.
& Pacific
Southern PaoifioSys..
Pennsylvaniat
Union Pacific
Atlantic Coast Line. .
Chic
Mil.
Louisville
& St. Paul.
& Nashville
Norfolk & Western
Southern Railway....
Baltimore A Ohio
Mo. Kans. & Texas...
Mo. Paciflo A Iron Mt.
Chicago A East IU....
St. Louis Southwest. .
Mlnn.St. P.&S.Ste.M.
NET
the Coal
;
A Iron Com-
SEPTEHBEH.
EARNINGS IN
Increases.
$803,917
488,110
261,400
234,356
204.197
174,346
158,155
124,636
108,833
91,863
84,628
75,119
70,878
69,040
68,499
Gr. Trunk Sys. (3 i^ds).
Canadian Pacific
SanAnton.&Ar.Pass..
Georgia
Wisconsin Central
Buff. Roch. A Pitts....
UUnois Central
Wabash
Central of Georgia
Pere Marquette
St. Louis a San Fran..
Nash. Chatt. A St. L..
$66,671
58,023
57,616
52,423
52,110
48,744
47,370
45,439
38,757
37,282
37.263
36,909
Total (representing
30 roads)
$3,595,584
..
)
:
H
.
THE CHRONICLE.
1122
Decreases.
Decreases.
Lehigh Valley
Phil. & Reading RR.J.
Cent, of New Jersey.
Atch. Top. & Santa Fe.
Chesapeake
Ohio.
Erie
N. Y. Ont. & Western.
&
N. Y. Susque. & WeBt.
Northern Central
Denver <fc Rio Grande§
$779,423
523,103
516,945
251,524
237,846
148,913
121,999
.
& L. Erie..
Wheeling
$98,230
89,600
48,518
33,999
.
Total (representing
11 roads)
$2,850,100
Covers lines directly operated east and west of Pittsburg and Erie.
lines (Including Buffalo & Allegheny Valley
Division) Increased $131,800 and the net on Western lines int
The net on Eastern
creased $129,600.
* Does not include results for Lehigh Valley Goal Company, which
latter shows $70,518 decrease.
t These figures are for the Railroad Company ; the Coal <fc Iron Company reports a deorease of $522,150.
§ Includes Rio Grande Western.
[Vol.
LXXV,
"Depository" is derived from the word meaning place or
and even in the most liberal definitions it contemplates a deposit of property for safe keeping, which identical
property is to be returned to the depositor, who holds condepot,
tinuously some title in it. It is in law termed a bailment.
On the other hand, "depositary" conveys the idea of personality or relationship between the one depositing and the
one receiving the deposit, with the idea more of a fiduciary
or pecuniary responsibility.
The
relation of a
and creditor, and
bank and
its
depositors
is
that of debtor
whether the depositor is a private individual or the Government. The money becomes at
When arranged in groups the anthracite coal once the property of the bank, with an obligation on the
group is the only one showing a loss in gross receipts, part of the bank to pay an equal sum in any legal tender on
demand. Therefore it seems to me that a bank is a "deposand that and the Eastern and Middle group are the
itary" of money deposited, but is a "depository" of property
only ones reporting losses in net for the month. in its safe deposit vaults, and perhaps of bonds, stocks and
The net of the anthracite group is only $392,437 all collateral pledged to secure the obligations of borrowers.
this is true
The use of the word "depository" in connection with the
tember last year.
Moreover,
is
the re- Government money seems entirely unwarranted.
this
Very truly yours,
only of these
sult for the railroad operations
Edmund G. Vauohan,
companies, as we do not include the coal operations
the
present
year,
against
as
in
12,432,137
Sep-
Vice-President.
Mining, of course, was at a stand-still,
making the loss in gross receipts of the coal companies
ITEMS ABOUT BANKS BANKER8 AND TRUST CO.'S
very large. For instance, the Lahigh Valley Goal Com—The public sales ot bank stock this week aggregate 92
pany suffered a decrease in gross receipts of $1,456,- shares,
of which 2 shares were sold at the Stook Exchange
690 and the Beading Coal & Iron Company a decrease and the remainder at auction. The transactions in trust
The loss in net, however, has been company stocks reach a total of 87 shares, In the "curb"
of $2,148,898.
much less important since the profit of these coal market 10 shares of stock of the Trust Company of America
companies is not ordinarily very large. On the were sold at 297. Central Realty Boni & Trust Company
Lehigh Valley Coal Company the decrease in net for stock was offered down to 715, without bringing out any
in our totals.
the month has been only $70,518 ; on the Beading
Coal & Iron Company net results were diminished
We
$522,150.
give herewith
our
usual
summary
showing the comparisons of earnings for each leading
group of roads.
bids.
4Aor«t
Banks— New York.
Price.
2 American Exchange Nat. Bank 277
4 Central National Bank
186
285
*2Clty Bank, National
10 Commeroe, National Bank of.. 320
.
64 Fourth National Bank
lOVarlokBank
Trust Companies—New York.
2 Bowling Green Trust Co
5 Broadway Trust Co
5 Central Trust Co
50 Empire State Trust Co
10 Guardian Trust Co
15 Merchants' Trust Co
SUMMABY BT GROUPS.
1902.
September.
Trunk
Net Earning*.
Grots Earning*.
SlOTION OB
Group.
1901.
s
1
t
lines. (10)
30,622,900
1901.
1902.
27,831,64«r 10,339.498
7.831.168
392,487
Anthra. coal <fi) 5,100,254
3,995,094
«a»t..AMId.<16;
Mid. West'n.U7i 8,199,135
Horthwest'nU2< 11,694,161
North Paolflc(4) 8,839,709
South western &
South PaO.au) 24.22S.698
Southern ... (25) 16,694,290
1
10,017,098
2,432,187
8,-114,801
1,508,851
1.680.85S
7,460,586
2,682,280
8,438,170
9,511.122
4,627,474
3,529,317
8,067.127
3,888,839
8,5i6,943
22,871,203
9,011,117
8,451,289
Inc. or utt.
%
+382,395
—2,089.700
—88,007
+160,109
+1,098.167
+297,21)6
3'22
1'44
6 17
81*18
8'43
663
1185
13,386,884
5,061,467
4,516,453
99,062,810
37,836,866
36,485,814
+001,158
2-47
3,029,612
2,878,413
960,746
010,095
+850,651
57 47
Trunk
lines. 1 13) 331.221.6C2 311,779,621 106,406,281 102,578.761
3-78
Anthr.
coal.. (9)
+3,827,460
-7,536.908
-154.4-9
3483
+487,004
+1,493.713
+8,391,611
8-65
1 to Sept. 30
64,413,126
14.100,850
81,087.768
27,037.883
27,191,828
80,941,018
18,970.664
20,464,614
17,476.941
North
P*olflc<4)
47,004,666
67,547,613
00,378,867
26,678.176
21.-J80.6J6
Southwest. A
South PaaUfl) 115.785,499
111.815,1601
89,158,631
40,310,636
Southern.... (81) 184,007,470 112,609,711
37,482.240
34,469,858
066
238
908
2*87
-1,168,105
+8,028,882
8*77
Total (127 r'ds) 90* ,268,159 856,692,178 290,7«2,«23 288.396.466, +2,373,163
0-o2
Mexican
(8)
£6,870,287
22,914,978
8,552,*58
7,091.0971
+1.461,266
*
83 87
Total (108 r'dH) 108.277,730
Bast. & Mid. (31 92,861,217 87,229,85b
Mid. West'n.(10) 09.976.161 64.6J7.183
North west 'n (Hi 60,352,026 68,709,456
240
150
1941
198^
200
358°8
vrewiotu Male.
1902— 275i«
Nov.
Nov.
Nov.
Nov.
1902—
1902—
1902—
1902—
190
297 »a
325
237
July 1902—
Aug. 1902-
212HJ
Jjant
182
1902—1941
1902- 198
Nov. 1902— 200
Oct 1902- 375»4
Oct.
Oct.
P. 0.
+569,888
+535.0 14
Jan.
235
205
Oct.
80-61
Sold at the Stook Exchange.
—Mr.
James Speyer has been eleoted a member of the
board of directors of the North British & Mercantile Insurance Company.
—The
Herald Square branch of the Eastern Trust Co.
and Broadway, has issued a useful pamphlet ex-
36th Street
plaining the great variety of ways in whioh a trust company
can serve the public.
—Mr. C. A. Coffin, President of the General Electric Company, and Mr. Clarence II. Mackay, President of the Commercial Cable Company, were on the 20th inst. eleoted directors
of the
United States Mortgage
&
Trust
Company of
this city.
—Henry R. Winthrop, director of the Equitable Life Assurance Society, was on Monday elected a director of the
Fidelity Trust Co. of Newark, N. J.
&
—Mr. William L. Moyer, President of .the National Shoe
Leather Bank of this city, was yesterday elected President
Banking Corporation. Mr. Moyer will
retain his position as head of the bank until the election of
his successor, when he will become a member of its executive
committee. The International Banking Corporation will, it
of the International
DEPOSITARY AND DEPOSITORY.
The
following letter explains
fore print
it
itself,
and we there-
without comment:
BANCO NACIONAL DE CUBA.
(NATIONAL BANK OF CUBA).
To
the Editor of the
icle,
Havana, November 12, 1902.
Commercial and Financial Chron-
New York
is
stated, increase its paid-up capital to $10,000,000.
—On Monday the stockholders of the Title Guarantee &
Trust Company of this city and those of the Manufacturers'
Trust Company of Brooklyn unanimously voted in favor of
a proposition for a merger of the latter with the former company. The Title Guarantee & Trust Co. will on December 31
increase
its
capital,
which
is
now
$2,500,000, to $4,000,000,
some confusion in regard to and on January 2 1903 it will further increase its capital to
the use of the words "depositary" and "depository" in $4,375,000. The terms of the above-noted merger provide for
designating the relation of banks to the Government or the exchange of four shares of Manufacturers' Trust for
municipalities whose money is reoeived on deposit. The three shares of the Title Guarantee & Trust. The Manufaccommon word in the advertisements of the banks is "depos- turers' will be operated as a branch of the Title Guarantee &
itory," but according to my interpretation of the definitions Trust Company.
I am unable to find any authority for the word in this con—At a conference of the clearing houses of the United
nection.
States held at New Orleans last week, a resolution was
Dear Sir.— There seems
to be
NOTEJUBKB
THE CHRONICLE.
22, 1902.]
1123
adopted providing for the appointment of an Executive Its directors include several officials of the Carnegie Steel
Committee of seven members to confer with tha various Company, as well as influential railroad men and bankers of
clearing houses of the country for the purpose of securing Pittsburg. The officers are, President, W. Howard Nimick
uniform action in regard to collection charges on out-of- Vice-Presidents, F. T. F. Lovejoy, William C. Baldwin and
town items. The following were appointed on the commit- Colin McF. Reed; Secretary, H. L. Borland; Treasurer, A. S.
tee, leaving three vacancies to be filled: W. T. Fenton, Chi
Beymer; Comptroller, F. C. Parsons and Actuary Miles
cago; L. G. Cox, Louisville; George Guckenberger, Cincin- Meander Dawson.
nati; E. D. Hulbert, Chicago. The matter of charges on
The opening of the new home of the Park National Bank
out-of-town items was briefly discussed, the Boston system of Cleveland occured on Monday of this week. The
building
was explained by Manager Ruggles, and a vote was taken on is at 23-25 Euclid Avenue, and the needs and comfort of the
the question of whether or not the banks of the clearing officers and employes, and likewise of
the customers, have
houses represented favored a uniform charge for collections, been provided for in it* construction. The bank is managed
or any changes in the present rules. The vote did not, how- by Mr. H. A. Bishop as President;
R. A. Harman, Viceever, definitely settle the question, it being stated that no President; John Sherwin,
Cashier, and F. J. Woodworth,
action had ever been taken by the banks in the clearing Assistant-Cashier.
houses represented by most of those present.
—The People's Trust & Savings Company of Fort Wayne,
A meeting of secretaries of State Bankers' Associations Ind., is being organized, the capital of which is $200,000.
was held in New Orleans last week, after the convention of The officers have been selected and are as follows: Presithe American Bankers, for the purpose of affecting a perma- dent, William L. Moellering; Vice-President, R. W. T. De
nent organization. A constitution and by-laws were adopted Wald, and Secretary and Treasurer, P. J. McDonald. The
and the following were elected officers for the ensuing year: opening date has not yet been announced.
S. B. Rankin, Ohio, President L. P. Hillyer, Georgia, First
—The Old Detroit National Bank of Detroit, Mich., began
Vice-President
L. O. Broussard, Louisiana, Second Vice- business on Tuesday as the successor to the Detroit National
President and Frederick E. Farnsworth, Michigan, Secretary Bank, whose oharter expired the previous day. With
an
and Treasurer. James R. Branch, Secretary of the American enlarged capital, now $2,000,000, and a surplus of $400,000,
Bankers' Association, was made ex-officio and an honorary the bank is well equipped for handling its increasing
patmember. The object of the organization is to discuss methods ronage.
;
—
—
;
;
and plans
to
further the interests of
the
various State
associations.
—The Stapleton National Bank of Stapleton, S.
—In
increasing
its
capital to $1,500,000
to $750,000, the Wisconsin National
I.,
has been
organized with a capital of $100,000.
—
The stockholders of the Oriental Bank of this city will on
December 2 vote on a proposition to increase the capital from
|300,000 to $600,000.
Bank
of
and its surplus
Milwaukee has
provided more facilities for its growing business requirements. The bank is the second largest in Milwaukee both
in point of capital and deposits; the latter amounted on Nov.
1 to $10,098,470.
Mr. Frederick Pabst is the President ; L.
J. Petit and Frederick Kosten, Vice-Presidents
Charles E.
Arnold, Cashier, and Herman F. Wolf, Assistant Cashier.
;
—Mr. George M. Gillies has resigned as President of the
Century Bank of this city, at West End Avenue and 106th
—The following directors have been chosen by The First
George Mortgage Bond & Trust Company, of Chicago, which has
just opened for business at 179 La Salle Street. F. W. McKin—General Samuel E, Merwin will retire from the presi- ney, H. I. Irwin, Isaac N. Perry, Charles C. Broomell, R. W.
dency of the Yale National Bank, of New Haven, Conn., Sears, J. E. Otis, J. C. Fetzer, C. D. Dunlop and George
on December 1. His successor will be the present Vice- Thomas. Mr. McKinney was elected President and Mr.
President, Gen. E. S. Greeley.
Broomell, Cashier.
The
Chapman.
Street.
directors have elected in his place Mr.
— Mr. Morgan G. Bulkeley has been elected Vice-President
—The
capital stock, $1,000,000, of the Imperial National
Chicago has all been underwritten and mostly subbrother, the late William H. Bulkeley. A son of the latter, scribed for through the instrumentality of the private bank*
W. E. A. Bulkeley, has been chosen to fill the vacancy in the ing firm of H. L. Turner & Co. Some 200 country banks are
board due to his father's death. Mr. Morgan B. Brainerd said to be among the shareholders, and there are many promhas also replaced his father (deceased) as a director and Mr. inent Chicago subscribers. The "Metropolitan Trust ComD. Newton Barney has been added to the list of directors.
pany" scheme, with which the banking house of Turner &
—The Cleveland Trust Company of Cleveland has in view Co. was identified, will probably be abandoned and its interBank.
the erection of a modern building where it will permanently ests merged in the formation of the Imperial
—Mr. Ulrich Schneider, a well known business man of St.
locate.
The plans will not be realized at an early date owing
to the fact that although the property, corner Euclid Avenue Joseph, Mo., died on the 10th inst. Mr. Schneider was born
For
and Erie Street, has been purchased, the site cannot be ob- in 1837 in Germany, but came to America in 1857.
insurance,
in
the
real
had
been
engaged
twenty-five years he
tained for two years.
and abstract business in St. Joseph, and he was also
estate
—The Diamond Savings Bank of Pittsburg, Pa., opened its
one
of
the members of the board of the German- American
doors on Monday. The fact that the officials of the Diamond
of the United States
Bank
of Hartford, Conn., to succeed his
National Bank are guiding the affairs of the savings bank
bespeaks for the latter a successful career, Both institutions are located in the same building. The capital and surplus of the savings bank are $250,000 each, and its officers
are President John S. Scully, Vice-Presidents H. C. Wettengel and J. W. Lee and Cashier John S. Scully, Jr.
—The Franklin Savings & Trust Company, with $250,000 capand $50,000 surplus, is being organized in
will cater to a section of the city which has
banking institution— Pennsylvania Avenue
second Street— although a heavy business is
ital
the neighborhood.
selling price $60.
Pittsburg.
It
at present no
and Twenty-
transacted in
The shares are to be of $50 each and the
Bank
of
Bank
of that city, of
which
his son, J. G. Schneider, is a
Vice President.
—At their
meeting on the 29th ult., the stockholders of the
Bank of San Francisco voted unanimously
Italian- American
to increase the authorized capital from $500,000 to $1,000,000.
Of the new issue only $250,000 has been put out at $105 per
share, $5 above par, so that the bank's capital is now $750,000.
seven-story building will shortly be erected on recently
A
purchased property at the oorner of Montgomery and Sacra-
mento Streets.
—A meeting of
the stockholders of the California Bank of
Los Angeles has been called for December 10 for the purpose
of arranging a plan for its liquidation. This is preliminary
to the absorption of the bank by the American National
'
—The Pittsburg Life & Trust Company of Pittsburg, Pa.,
Bank of Los Angeles which we stated in our issue of October
has been organized with $250,000 capital, and will begin
25 was being organized with $1,000,000 capital.
active business on January 1. The company is temporarily
—Mr. H. L. Miller has been made Cashier of the Salt Lske
located in the Keystone Bank Building, but will later remove
Company Bank,
to offices in the Farmers' Deposit National Bank Building. City (Utah) branch of the Wells, Fargo &
Francisco.
San
Although permitted by its charter to engage in a general the principal office of which is at
banking and trust business, the company's principal ob—The consolidation of the Ains worth and the United States
ject of organization is for the transaction of a life national banks of Portland, Ore., under the last-mentioned
insurance business, and this is the field it is intended to cover. name, has been consummated. The bank numbers among its
»
.
THE CHRONICLE.
1124
directors Mr. Isaac W. Hellman, President of the Nevada
National Bank of San Francisco, and this connection will
doubtless add greatly to the strength of the Oregon institu-
The capital of the amalgamated bank has been increased to $300,000, and the amount will be further increased
when the business warrants it. The officers are: President,
J. C. Ainsworth; Vice-President, W. B. Ayer; F. C. Miller,
Cashier, and A. M. Wright and R. W. Schmeer, Assistant
tion.
Cashier.
—The
Comptroller of the Currency has granted a certificate of incorporation to the First National Bank of Porto
Rico, at San Juan, and which we stated in our issue of
October 11 was being organized. Mr. S. O'Donnell is President and F. M. Welty, Cashier.
IMPORTS AND EXPORTS FOR OCTOBER.
The Bureau
Washington has issued
the country's foreign trade for
October, and from it and from previous statements
we have prepared the following interesting su mmaries
[Vol.
LXXV,
BXOESS OF MERCHANDISE IMPOSTS OB EXPORTS.
10 months ending October 31—
4 months ending October 31—
1875
Imports.$13.973.143
1876
Exports. 43.586,158
1877
Exports. 34,095,076
1878
Exports. 81,811,116
1879
Exports. 86,406,582
1880
Exports. 74,298,997
1881
Exports. 32,201.956
1882
Imports. 4,676,046
1883
Exports. 17,131,847
1884
Exports. 26.582,317
1885
Exports. 6,155,030
1886
Exports. 3,214,668
1887
Imports. 3,200,743
1888
Exports. 19,747,537
1889
Exports. 15,517,670
1890
9,593,805
Imports.
1891
Exports. 59,749,371
1892
Imports. 2,359,953
1893
Exports. 82,636,681
1894
Exports. 28,175,297
1895
Imports. 26,370,010
1896
Exports. 132,066.428
1897
Exports.182,286,245
1898
Exports. 164,888,467
Exports. 165,735.637
1899
1900
Exports.227.640,860
Exports.175,642.832
1901
Exports.l 14,836.263
1902
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
Imports.$35,768.355
Exports. 93,649,941
Exports. 71991,489
.Exports.237,665,651
Exports.201,443,193
Exports. 105,462.491
Exports.130,201,922
Imports. 44.113,076
Exports. 63,214,886
Exports. 37,338,152
Exports 61,468,823
Imports. 2,235,930
Imports. 30,290,870
Exports. 81.322,837
Exports. 15,137,586
Imports. i8,315,168
Exports. 46,487,800
Exports. 45,065,459
Exports. 22,190,325
Exports. 96.661,889
Imports. 31,105,045
Exporte.207,022,868
Exports.219,248,144
Exports.460,1 69,226
Exports.370 309,391
Exports.800.255,451
Exports.464 054,350
Exports 296.690,284
of Statistics at
the statement of
SJOtottietargs ®0mmtvtii%l^UQli&hMtm&
(From oar own correspondent.!
London, Saturday, November 8, 1902.
The stagnation on the Stock Exchange continues. There was
[In the following tablet three oipheri (000s) are In alleaiei omitted.
a disposition when the result of the elections in the United
1901.
1902.
States became known to put up prices in the American marExport*. Imports. Exctst
Excess.
Exports, import*.
ket, but as New York did not support the movement, it very
»
8
Olerch'dlee. 8
*
931.716+103.748
373.757 209.090+104.061 soon came to an end. In other departments there is exceed*
Jaa.-March. 337.431
348.096 993.748 +124.36C ingly little life. Last week there was more buying of British
394.026 +70.100
April-June. 300.738
109.458
73.088 +30.870
79.148
+9.043
88.781
July
73.187 +34.897 railway stocks than for many months before, but even in that
78,928 +10.019
108.084
94.942
August
FOBEION TEADE MOVEMENT OF THE UNITED STATES
1$
,
87.788
87.498
191.820
143.180
September.
October.....
~~
Total
1.080l829
.
.
100.990
145.660
+33.482
+55.092
789.619 +990.600 1,191J>79
+40,103
+04.213
00.887
81.447
797.925+404.054
Gold and Gold In Ore.
Jan.Marcta.
April-June.
+484
5,208
7.885
9.306
680
1,447
5.831
7.366
1,465
5.884
4,981
9,118
+9.242
-9.158
+0,480
—9.979
—4.451
-7,666
9.128
90.363
9.876
152
8.044
7.884
4.070
3.4S1
163
4.066
11,906
9.188
—11.749
-5,078
39.413
34.020
-1.577
30.747
44,538
^7,791
15.073
July.
August
September.
October....
+1 3.07b
-1.801
-3.339
department there
is less activity this week.
Consols also are
neglected and somewhat lower. Evidently the bull account
in consols still continues large, for at the settlement this
week the charge for carrying over was about 4>£ per cent»
while the interest on consols is only 2% per cent and next
year will fall to 2J£ per cent. Still the operators hold on,
for the belief is very general, both here and upon the Continent, that there will be a very marked recovery early next
year.
Total
Sliver and Oliver In Ore.
Jan. -March.
April-June.
July.
+5.338
+4.970
+1.814
+3.118
+9.237
+1,616
14,620
13.915
3.671
4,746
4.636
4,333
0.420
5.800
9.467
1.627
2.399
9,767
39.9*3
91.470
+18,493
40,826
11,762
10.776
August
September.
October
Total
+ Hxceasof
— Excess of
exports.
+0.484
8.086
7.040
9.668
9.699
9.1«6
3,071
3.838
4.380
4,836
4.788
+0.8M
+1,876
+1.781
+9.640
+1,667
95,562 ~+9<M?84
Imports.
We
subjoin the totals for merchandise, gold and
silver for the ten months since Jan. 1 for six years.
Mbbohandisb.
Ten
Mos.
Exports. Imports.
GOLD.
Excess
of
Ex-
Exports ports.
~i~
Imports.
SILVIK.
Excess
of
ExporU
Ex-
Im-
ports.
ports.
Excr.il
Of Exports.
T"
t
$
I
•lJWi 39.963 91.470 18 493
*7.79 10 2,6 '45 58* 20,684
1901 1.191 97).
9.826 53,615 33 30' 90.80a
1900. 1.195,864
1899 1,028.444 05N 135 37 «»3<>« 33.25* 42.811 •9.65H 43.422 9I.0<6 18.376
1898. »87.89h 197.789 41)0169; I 4 092 144,(82 '130.02ft 43.916 23.0»» -o 2-«8
4.613 47.83^ 47,166 JO 667
18»7. 857.9->3 H38.78P 1!I?4K32,9»H -48.388
190.*
1,086.820
t
I
I
789.639 990690 39.443 34.02P
727,9.'5 4(14054 30.747 44638
095.C98 5002E6 V3.047 5<» 781
>.2
*
Excess of Imports.
Similar totals for the four months for six years
the following exhibit.
MlRCHANDISl.
SOLD.
make
8ILV1R.
Four
Mos.
Bxports. Imports.
Bxcest
of
ExporU
»
*
t
Ex-
Im-
ports.
ports
8
t
1902. 448 133 333.297 1 1 4836 12.167 20.838
1901 470 1WS 2H4.4-8 175-8 7.266 98,610
1900. 483.8>!> 255 6*0 22? 040 22.607 34 005
1899
434.886 209.090 1 05786
1898. 3titS366 201.46* 1048«K
18M7 3HN.2S5 185>29 1 N2886
•
Bxcsss
of
Bxporu
Ex-
Im-
ports.
ports.
»
•9.866
•21.864
•11,485.70 19.42 •13,Uf>
7 886 51,486 •43 660
7.901 22.158 •14,256
8
17
435
t
t
9.950
lO 427
17,79
23.235 14.453
10.30k 1 0.610
1 W,848
10 760
ltt.678
Bxctt
of a.
port
1
J.
118
8185
7 364
8
78*
5.69 2
8.538
7,660
Excess of Imports.
In these tables of totals, gold and silver in ore for
years are given under the heads respectively of
gold and silver.
all
The following shows the merchandise balance
each year back to 1875.
Unfortunately, the free gift of three millions sterling for
and of two millions sterling to
compensate the loyalists for their losses will practically wipe
out the surplus which Sir M. H. Beach anticipated. It will
be recollected that he expected a total surplus of revenue
over expenditure on the basis of the taxation of the present
year of about 10 millions sterling. Oat of this he proposes to
resume the sinking fund, which will require somewhat over
four millions sterling and which of course will go to the
the repatriation of the Boers
foi
There would then remain between five
and six millions sterling, which would also goto the redemption of debt. Unfortunately the Boer gift thus wipes out
five millions, so that the redemption of debt in the three
months ending with April will be five millions less than
everybody anticipated recently. Still, there will be a sinking fund available of over five millions, and that will no doubt
soon affect the market, especially as ruon-y is likely by and
by to be plentiful and easy. Moreover, next year the reduction of the interest on consols by \i per cent will set free
about a million and a-half sterling, wmch will also be available for the redemption of debt.
In other departments there is little to call for notice.
There is some uncertainty as to the course of trade in the immediate future. Up to the present the Clearing House returns
and the railway returns are exceedingly satisfactory and
show that business is very active. But there are complaints
that new orders are not coming in freely, and there is some
apprehension that we are entering upon a less active period.
On the other hand, careful observers and gool judges think
that the outlook is favorable, and that we are much nearer
an improvement than is generally supposed. la any event,
the uncertainty has some inflaence upon Stock Exchange
redemption of debt.
opinion.
Upon the Continent
there is little improvement. The strike
true, has very materially benefited the coal
trade in Germany. It is said that imtuense quantities of
coal, which could not be disposed of at almost any price, a
little while ago has now been sold favorably to France.
Moreovtr, a very satisfactory report has just been issued by
It is true the
the largest electrical company In Germany.
company had to reduce its dividend by about one-third,
but still it pays as much as a per cent, and has a very
large amount of money in baud. The rep >rt has made a
very favorable impression; but outsiie of coal and electrical
securities there is exceedingly little doing.
in France, it is
In France the recovery at the end of last week and the
beginning of this week has not been maintained. French
NOVEMBER
There has
this year is anything but satisfactory.
this week of a large number of the chief iron
facturers in Russia. The meeting was presided over
meeting
been a
manu-
by the
Assistant Minister of Finance, and the members clamored
The Mimster of
for the assistance of the Government.
Finance, however, urges that they most not depend upon
the Government, but must look rather to the development of
Unfortunately tnere are
all kinds of industry in Russia.
very few industries capable of demanding much. Tne one
great customer is the Government.
Money has become
week unexpectedly
this
plentiful
and
List week
it was believed that the ease had come to
The leading French banks were withdrawing the
balances they employed here in London upon a great scale
and the Paris exchange upon London had fallen very low,
bo low that a fall of another couple of centimes won id have
brought it to gold point, Therefore, the Bank of England
began to borrow in the open market, and as many of the
bills taken some time ago matured, it was hoped that its con
trol over the open market would rapidly increase.
Apparently, however, the Bank has not continued borrowing.
It
is believed, indeed, that it has repaid some of the loans,
while the Government has disbursed exceptionally large
amounts.
The result is that the rates, both of interest
and of discount, have fallen materially. For the mement
an end.
the withdrawals of French capital are not very large. Although all the gold offering in the open market is being
bought up either for France or for Austria, the demand for
gold in Paiis is lees strong than it was last week.
Meantime, the Iodia Council continues to sell its drafts
well.
It offered for tender on Wednesday 50 lacs, and the
applications exceeded 4,350 lacs at prices ranging from Is.
8 31-32d. to Is. 4d per rupee. Applicants at Is. 3 31 32d. were
allotted about 1 per cent of the amount applied for. Appli
cants at higher prices were allotted in full.
The following return shows the position of the Bank of
England, the Bank rate of disoount, theprioe of consols, &c,
compared with the
last three years
:
Nov.
PsbllO deposit*
Otter deposit!
government
1801.
Nov.
6.
£
89,426rt75
8,441.798
40.023,754
29.853.985
7.641,560
41.951,758
17.52^,736
86,»ai,606
23.09»,r«5
86.183,650
22,282.769
S3.484.l34
Coin & bunion. both depanui'U
Prop, reserve to liabilities, p. o.
46*
Bank rate
peroent.
Consols, 3* per oent
SU>«r
Clearlne-Honse returns
1900.
Nov.
6.
*
16,416. 182
87,7U5,M4
securities
Other •eourlt.Iei
Reserve Of notes and OOtn
4
89.6*0,216
88 490.970
6/99,7 ll
7170791
416i0 08»
80 54*640
19,Si4.986
81,730.151
80760054
32 441022
4
287,536.000
15 4B5'990
84,1(0782
4.34
445.0
4
989-ie
29 11-16d
166811,000
iV>%1.
172,539,000
9.
J
88.107,760
18,^49 034
915-16
28 3-ltid
6
103 13-16
26 16-lfld.
154.a63.0t0
The Bank rate of discount and open market rates at the
ohief Continental cities have been as follows:
November 8
Rates
Vienna
Madrid
Copenhagen
.
.
The rates
3
*K
3
3
i
3
4
3
4
8
4
8
4
3
4
3
3
3
*U
2U
SH
3
8
i%
24
3
4
4
4
3
8
34
84
34
44
St, Petersburg.
for
4
4
4
4
4
4
4
4
money have been
m
2*
SH
24
3%
nom
m
4
4
S3
11 4
'*
18 i
-•
SB i
1
4
8
I
3
Monthi
s-ie®^
3 5 1«®3%
s
Messrs. Pixley
Months. 3 Mot.
9%
3«
3«
3%®'M
W
»*
m
8i4@S«
4
3 9-16®?**
3!4®'< 5-1* 3<4®S '5-16
3
&
3E-16
24
;
Oct.
Silver.
Nov.
Oct.
6.
30.
London Standard.
6.
30.
d.
oz. 77 101,
gold ooln...oz. 76 5*3
lerm'n gold coin. oz 76 5 4*
French gold ooin.oz 76 5
far gold, fine
V
1802.
4
4
4
7.617.914
3,597,502
307.H90
3arley
)»te
Peas
Jeans
4.78,006
[ndianoorn
5,915,002
3,671,366
'lour
4
Mo*. Banks
4
4
24
24
4
4
®4M
8fc@*
S4
24
Call
•
Daw
2213 ia
1900.
14,339,900
4,744,000
4,993,800
437,510
397.740
8,880,400
3,958,600
11.143.000
5,647,600
3,602,300
348,400
524,800
7,538,900
3,250,300
1899.
11.449.200
3,508,900
3,910.900
621,800
329,100
10.507,200
4,007,400
1901.
1902.
1900.
1899.
11,449.200
4,007,400
6,280,405
Wheat imported, cwt. 16,889 981 11,143.000 14*39.900
3,250.300
imports of flour
3.671,366
3,958 600
tales of home-grown. 4.471,683
5,776,979
4,920,066
25,033,030 20,170,279 23,218,566 21,737.005
Total
27a. lid.
28s. Id*
4ver.prloewheat.week 25s. Od.
26s. 2d.
25s. lid.
28s. 6d.
26s. 3d*
iverage prloe, season. 26s. 5d
The following shows the quantities of wheat, flour and
cnaize afloat to the United Kingdom:
Last wee/c.
Tkisweek.
1901.
1900.
•Vheat
qrs... 1,945.000
1,815,000
2,055.000
1,870.000
300,000
305,000
350,000
Flour, equal to qrs... 305 000
785,OO0
670,000
**lse
730.000
485.000
ars.
Bniclisili Financial Markets— Par Cable.
The daily olosing quotations for securities, etc., at London
ue reported by cable as follows for the week ending Nov. 21:
Loudon.
Sliver,
per onnoe.....d
Spanish 4s
-
47 16
Inaconda Mining......
4tch. Top. & Santa Fe..
84
1004
1014
Pref erred.. ...........
Baltimore A Ohio
Preferred
96
Janadlan Pacific....... 132*
46
Jhesapeake & Ohio
Jhioa. Great Western.. 2«4
Ohio. Mil. & St. Paul... 1763s
Oen. A Rio Gr.,oom.... 414
..........
1st preferred .........
914
344
65%
2d preferred
49
do Preferred,
common
'die,
......
1444
1274
23%
Mexican Central
Mo. Kan. & Tex., com..
do
pref
Pennsylvania...........
Phlla. 4 Read
Phlla. A Read, ,1st pref.
'Phila.
Read.. 2d pref
outhern Pacific
&
Do
do
pref.
Vabash
Do
no
*
preferred
h»t«,"B"
Prioe p«r
96*
183
464
264
178
374
864
314
964
954
95*
132*
180Ba
1324
132*%
464
2b*
45*
454
46
2538
256s
177
1464
.444
1254
128
244
264
58*
17
80
28 7e
37*
86*
31*
444
36*
65*.
S3»s
1774
40
3438
654
65 »8
4b 4
145
126
234
25*
574
16*
234
36
364
1524
29*
704
944
26
584
17
154
2J*
714
944
79*
794
284
474
146
1264
24
264
59
164
36
1564
ao^
71*
944
80
374
654
334
944
64
8
7
e
103
92
376a
86
31
924
37*
86*
314
914
44 4
794
66
36^8
63 7
1034
4"v4
914
34*
44
324
9*4
784
26%
1794
404
36*
324
944
4 >4
101
29*
l01»8
45
46g
854
1004
28 78
44
94*
78
S
44
914
474
80
8«4
94*
404
664
494
944
103'8
92
175
35
72
64^8
44
91
84
93*
364
93
99274
83*
1004
1014
7178
44
99 30 99-274
2263
9215 18
99*
99*
954
100
102
1534
304
364
92 ?«
83*
364
If 44
304
284
92is le
9Z15 1(
92i»i 6
8458
1464
1274
3779
44
TKurt
8388
414
914
24
Wed.
22H U 22%
884
4Kb
84*>
414
914
34*
664
494
36
64
33
94
103
92
com.
0. 8. Steel Corp.,
102*
17
714
9-4
794
& Western
101
364
574
Cent'lA Hudson.. 153
Ontario & West'n 30
Do
40s
84»s
26*
584
164
26
Preferred
National RR. of Mex...
Preferred
Norfolk
lutt.
22* ~22n76 22" 16
93i, 8
936, 6
934
93Ss
987, 6
934
9970 99-55 9945
844
83*
854
f r'oh rentesdn Paris) fr
Do
Man
Sat.
Preferred
14
254
i2«B
1):
outb'n Railway, com
Preferred
.......
B
24 78
Supplies available for consumption (exoluslve of stocks on
September
inlon Pacific
Joint Uift
Stock At 7
235 18
oz.
IMPORTS.
1901.
mp'tsof wheat.owt.l 6,889.98
3
»«'
3«
d.
w
The following shows the imports of oereal produce Into the
United Kingdom during the nine weeks of the season
compared with previous seasons
4
nom.
d.
oz. 23l
Mexican dollars. oz.
Cake silver
8. x.
84
44
.
SV
5V
•Nominal.
«. Y.
24
Bar silver, fine. .
77 10%*
76 r>4
Do 2 mo. delivery 231 le 2b5j. 6
76 54* Bar sliver, oontaln'g
76
do 5 grs.gold.oz. 2S9 19 2S18 16
spanese yen....oz. 76 54* 76
do 4 grs.gold.oz 23* 23*
do 3 grs.gold.oz 233 16 237ia
3
3
3
d
s.
7. S.
3
*6?8
96
SO*
45
79
784
44
10389
92
3768
864
814
4
54
79
«h»m
2«
24
24
84
«4
*
m
Abell write as follows under date of
6 :
Gold— The Paris enquiry has been the only Important factor In the
Gold market and this has sufficed to take all arrivals. The Ban « has
received £10.000 from Australia, and there have been withdrawals of
£400,000, of which $'50,000 has gone to Egypt. Arrivals Cape
Town, £248.ooO; Bomhav, £115,000; Australia. £3S,000; Straits,
£2,000; Klver Plate £31 ,000; total, £434.000. Shipments: Bombay,
£27,001 Colombo, £*>,75C; Madras, £10,000; total, $42,750.
Silver— The marker silli continues very depressed. aDd we have fallen 4d. during the week to the very low level of 23ii 6 d. The Eastern
exchanges have rather anticipated the fall, neither India. China, or
the Straits giving us any support, and if it had not been for a few special orders the price would have been even lower. In India the rate
has fallen to Rs. .Sb's Arrivals: New York, £170.000; Australia. £13,000, New Zealand. £x,000; total, £186,000. Shipments: Bombay,
£125,000; Colombo, £2,500; total. £127,5(0.
Mexican Dollars— These coin have also been offering, though the fall
has not been so great as in Silver. The nearest price is 22 ^d. About
November
Nov.
s.
4
Interest allo%e*t
for depoiitt t>»
84®Sfc
m
9-16@S^
Gold.
London Standard.
3
4
4
Trade Bids
6
Oven
Rate. Market
as follows:
Bills.
Monthi
4
Bank
4
X
Bank
The quotations for bullion are reported as follows:
Illinois Central
Lioulsviiie <St Nashville..
October 17.
4
Oven Market Ratei.
£
e
Nov.
-
nom.
noo.
a
Oct.
October 24
Bank Open Bank Oven Bank Oven
RaU. Market Rate. Market Rate. Market
Berlin
Lendon.
October 81.
1
Interest at
£55,000 has come from Vera Cruz, and the Nippon, Nord Deutsche
and the P. & O. steamers have taken £156,100 to the Straits.
For account
1899.
Nov.
7.
£
467-16
»«H
1125
Consols. , new. 3% p. ets
1902.
OlrflTilation..
:
THE CHRONICLE.
20, 1903.]
rentes have again been nnder par this week, and there has
been heavy selling of Spanish securities. There is not likely
to be any recovery nntil the coal strike is ended and the
withdrawals from the savings banks cease. From Russia
the news is far from good. There is evidently widespread
discontent, and it is admitted that there is deep distress,
especially amongst the peasantry. It is now acknowledge!
that the famine of last year was much more severe than was
officially admitted at the time, and the condition of things
cheap.
1
.
.
ommexciaiand flEUscellaueons^ew?
Imposts and Exports for the
Week.— The
following are
-he imports at New York for the week ending for dry goods
Nov. 13 and for the week ending for general merchandise
Nov. 14; also totals slnoe beginning first week January,
FOREIGN IMPORTS.
For week.
i»ry
1902.
Goods..
*en'l mer'dlse
Total
Since Jan.
1899.
1900.
12.233 416
9,799,230
81,971,771
8,090,395
81.683,685
7.927,945
•12,032,640
$10,062,166
89,611,630
91.956,503
7,752.537
99,709,040
1
Jry Goods
8111,120,145
ien'l mer'dlse 388.825,564
fotai
1901.
894,297,651 8102,022,734
396,545,747 369,591,403
4
91.326,801
364 137,605
46 weeks *499 945 709 f490,843 398 8471,614137 9455,464,406
The imports of dry goods for one week later will be found
n our report of the dry goods trade.
.
.
.
THE CHRONICLE.
1126
:
.
.
LXXV.
(Vol.
The receipts of flour and grain at the seaboard ports for
The following la a statement of the exports (exolusive of
from the port of New York to foreign ports for the the week ended Nov. 15 1902, follow:
Berlty
0*t».
0«m,
By*.
juwr.
(Vheat,
week ending Nov. 17, and from January 1 to date.
kuik
buik.
bulk.
*">nk.
3l««4»tt«i-
specie)
,
HXPOKT8 FROM
^..
For the week.. $11,257,635
Prev. reported 415,161,786
>iton
P-iilaiielpMa,
1901.
1900.
1899.
$8,758,199
442,276,042
$10,060,847
466,675,362
$12,846,829
403,521,313
time to time adjust the totals by adding to or deducting from the
amount "previously reported.
The following table shows the exports and imports
of
•pecie at the port of New York for the week ending Not. 15
and sinoe Jan. 1, 1902, and for the corresponding periods in
1901 and 1900.
8PB0IB AT
Newport News
tew Orleansiaiveston....
Montreal...
Toui week..
_
<w*ak 1M1
Sine* Jan. 1.
$184,625
18,774,614
4,921.099
1,042,676
52,776
1,375,294
103,046
$19,853
$26,453,930
$4,610,223 38,545,593
5,100 47,460,164
$35,345
98,974
9.820
France...... ........
Germany,.
South America
All other countries.
Total 1902
Total 1901
Total 1900
.
15,492
Import*.
Export*.
Since Jan.
Week.
JKneeJan.l.
Week.
$566,316 $28,580,884
698,485
Vranoe.. ............
1,763
South America
1.
8,000
....
All Other countries.
$2,997
1,694
1,900
168,224
52,661
314,076
7,212
$1,420
$2,046
19,877
89.361
$1,078,491
3.306.652
4.234,685
Of the above imports for the week in 1902, $20,625 were
American gold coin and $872 were American silver coin.
87,823
2,453
41,277
1,814,088
1,070.349
322,678
91,768
228.516
80,790
New Orleans
tor rorels-
compare as
1899.
19,883,310
.bush. 120.313,581
"
16.777,025
45.332,234
2,717,074
4,658,810
148,646,021
101,694 8 JO
65,497.903
4.6^8,628
8,642.697
89.900.161
159,650,525
70,94 ^ 037
9,481.851
8,533 510
104,779,780
178,844,707
85,416,092
11,398,988
6,267.871
188,698,124
318,970,088
882.411,141
383,066,423
'•
"
Total grain....
The exports from the several seaboard ports for the week
ending Nov. 15, 1902, are shown in the annexed statement
Barin
Oaf,
By 4,
.flour,
Oat
i,
Piai,
Corn,
Whsat.
kutk.
bfiU.
buik
hulk.
fimortf from — bush.
bulk.
68.63S
110,628
145.419
59.188
9,158
116.803
New York
853,488
Boston
'
16,000
Norfolk
newo'rt News 118,000
95.989
Montreal
week
Tetal
Same
60.000
46.621
4,941
17.000
8,160
'48,857
818,000
853,013
664.516
.2,048,866
time '01.. 8,684,898
.
2,400
9,182
81,145
2,369
23.016
39,477
8.391
21.881
49.481
5.8S5
1,239
1.107
8,906
299.908
fortiand, Me. 119.842
Philadelphia.. 118,228
163.989
Jaltimore
*ew Orleans.. 461.481
'30,160
3.810
1901, is as
1,
8,750
-Wheat.
Week
With
since
bbli.
bbls.
bulk.
917,896
1,013.633
1,600
8.766
25,708
294.208
88,337
Total.
Total 1900-01....
269.918
407.363
6.471,619
6,311.899
2,04-\883
8.681.896
-Oorn.Since Jui»
1, 1908.
1902.
Nov. 15.
buik.
bulk.
34,240 983
107,646
119,929
20,719.910
6,935
5,798
250
6.287
1.600
116
532,188
14.289
1,
167.764
60,722
7.817
1963"
0. America.
West Indie*
r.N.Am. Colo's
1
Sine* July
ither countries
Continent.
147.798
22,411
9,103
70,673
week and
for the
Nov. 15
4,081,956
1,178.803
876.196
453.606
J. at
239.167
31,286
below:
-Fl&wr.-
Kingdom
81,985
276.710
870,073
889,913
407.863
Bapert* for
W$ek Sine* July
meek an* since Nov. 16. 1,1902.
Seyt.lto-
179,999
'86.000
61,991
The destination of these exports
July
Onited
$576,078 $29,723,392
683,900 43,021,927
895,057 46.013.115
Total 1900
72,689
536,672
445,669
18,970
626
*
19,412,339
,
Galveston
Mobile.
Silver.
29,760
22.200
21.468
19,865,139
aye.....
$5,376,121
4.511.740
10,472.266
1,603
736
114,966
1,070
bbli. 18,994.213
Hour..
OaU....
Barley
$2,415,983
822.560
447,748
486,124
40,875
996,513
167,333
68,970
"
"29,689
24,000
'85.000
8,760
98,400
464,679
481,648
2.794.914
266,560
Total receipts at ports from Jan. 1 to Nov. 15
Follows for four years:
1901.
1908.
1900.
BteeHpt of—
Sine* Jan. 1
Week.
'
Receipt! do not lnoiade grain pawing tbr
orts on through bills of lading.
Bold.
Week.
18,884
17,(00
8,100
*
Corn....
Importt.
25,008
75,913
1468(6
614 336 2,793,184
520,858
767.800
9 182
197.175
128,744
26,196
60.018
91,900
'
416,000
127,950
604.135
83,324
«.-
Wheat.
HBW TORS.
Export*.
Richmond
Norfolk
Mobile
Note.— As the figures of exports as reported by the New Yorfc
Custom House from week to week frequently show divergence from
the monthly totals, also compiled by the Custom House, we shall from
XPORTI AMD IMPORTS OT
,
Baltimore
Total 46 weeks $426,419,420 $451,034,241 $476,736,209 $416,368,042
819.026
119.812
258,332
129,570
162,680
37,760
18.000
118.000
169.910
2.389
66,100
106,960
68,466
1.650
24,381
49.481
1.107
11,678
B
1902.
butk.
bbli
N»wYork~
P irtland. Me
NEW YORK TOR THE WBBK.
^•3.875
buik.
800,888
606,663
46,791
881,786
124,104
66,906
258 013
1,976,188
661.515 18,016,712
61,691,390
76.985,030
The visible supply of grain, comprising the stocks in
Treasury Currency Holdings.—The following compilagranary at the principal points of accumulation at lake and
tion, based on official Government statements, indicates the ieaboard ports, Nov.
15, 1902, was as follows:
currency holdings of the Treasury on the 1st of August,
September, October and November, 1902. For statement for
corresponding dates last year see Chronicle of October 19,
l£01,pa(/e823.
TREA80RT NET HOLDINGS.
Aug.l 1902 Sept.l 1902
Holdings in Sub-Treasuriet-
Net gold coin and bullion
Met silver coin and bullion
Net U. 8. Treasury notes
Net legal-tender notes
Net national bank notes
Net fractional silver
Cash in Sub-Treasuries
.
Amount in national banks..
Cash in banks Aeub-treas..
Deduct current liabilities.*...
Gold reserve fund,
Available cash balance.
»
Oct. 1 1909 Nov. 1 1908
»
$
248,005,006 264,667,694 886,124,771 263,642,988
87,010,170 22.882.9H0 19.0nB,8fi2
7,455,4 *9
127,416
78,250
94,210
47,782
9,258.3*7
8.75U.830
5.589.242
3,041,934
18,937,219 14.725,818 14.810,339 18,468.862
12.002.W80 10,851,174
8,082,871
6,909,606
809,886,086 817,784.608 S24,718,4-<8 2P4.40«,478
186,152,991 186,888.170 138,982,197 146.886,013
Flour.
OhUano
Milwaukee..
Dilath
Mlnneapoi h,
Toledo
Detroit
10,200
St.
Louis
672.000
672000
oflalo
Do
Do
Barley.
Bye.
218.126
43.000
115.726
171,825
Do
Do
Do
Do
Do
Capital 4
Surplui.
N. V.»
$
Oct.
318.840,6
318.840,6
8.. 218,810.6
318.840.6
16..
25..
1..
71,164
4,100
428,8 JO
884,000
133,200
8..
" 16..
fhlla.*
Nov. L.
Cine* Aug.
1802
1801
1800
3.682,940
2,068,480
1,600,024
4,479.277
8,969,513
897,574
1,871.486
1,681,825
865,408
808,367
84,872
1
"
Boa.*
Not. 1..
8..
«•
23,58B.8flo| 4.677.788
21,302,688! 6,000,085
21,410.264 2.108.099
481.000
8,103,000
174,000
870.000
16.000
189,000
'87,000
816,000
1,726,000
8,076.000
1,000
1,930, >ov
"7,000
1,771,000
1,000
91,000
1,174.000
66,000
48,000
688,000
10,000
1,050,66b
43,000
0O.OOC
10.000
48.000
67,000
846.000
16,000
65,0On
2.0O0
889,000
26,000
221.000
623,000
208,000
111.000
764.000
887,000
8,105.000
8.790,000
12,158,000
8.3*8,000
11.057.000
7,571,000
7,08 i. 000
6,860,000
12,838,000
0.125.000
1.313,000
8,693,000
8.580,000
2.628.000
3.886,000
8.119.0OO
8(i
..
.
'
l,700,ooo
825,000
ISl.onn
94.000
2.567,000
672 000
88,092.000
1,272, JOU
2.23» 000
1,871,000
1,862.000
18..
Loans.
Specie.
S
•
870,977.6 1690326
378,608,7 1746340
876,480 6 1732014
870,134,11710808
£>epoiite.+
9
S
CircTn. Olearines.
$
69.130.8 383.086,8 10,128.9
70.363.C 198,791,3 13.098.9
0T.118S S85,882,2 18.801.8
60,853.9 378,319,1 11,006,1
»
10073194
11380980
18978375
17177879
0,001.0 218.239.0
8,683.0 217,830.0
0,782,0 215,786,0
0,149,0 183.183.3
0.739.0 167.974.7
0,488,0 118.930,0
19450,0
306,183,0
206.310,0
18.2C5.0
20t).H80.C
9,130,0 108,910,8
9.161.0 111,860.3
119. 319.1
9,161
63,822.0 191.860.0 10,161.0
63,833,1' 198,938,0 17,168.0
63,832,0 193,218,0 17,100.0
44,764,0 188,037,0
44,764,0 183.831,0
41.704.0 188.686.0
Legal*.
60,347,0
We omit
two ciphers in nil these figures.
+ Including for Boston and Philadelphia the item " due to ot not Kmka." and
Kor Boston these Government deposits amounted
also Goverunieut deposits.
on Nov. 15 to $5,529,000; on Nov. 8 to $5,607,000 on Nov. 1 to $5,356.000
*
7,861,941 128.206,617 80.106.612 70.861,046
7,555.806 118,000,648 44,313,854 55,317,088
6.665.631 108.997.689 60,422.016 68.682.721
7.000
6,782,000
Citj,
BANKS.
78,200
8,102,867
1,000
88,000
member banks.
109.000
1,938.185
63,000
93,000
Boston & Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
Souse Banks of New York City, Boston and Philadelphia.
The New York figures do not inolude results for the non"
New York
176.900
2,412,895
810.000
I'otalNov. 10. 1901.. 46,677,000
Total Nov. 17. 1900. 6-S.a91.000
Total Nov. 18, 1899.. 64.000.000
890,700
7,429,926
river.
Vital Nov.lt. 1908
148.946
8,646,901
163,000
afloat
369.450
598,669
1,075,000
TjtaiNov. 8,1902.. 88.098.000
Nov.
489.864
679,000
626,000
afloat
Minneapolis
8t. Louis
286,440
wk.'Ol.
wk.'OO.
'63,000
164,000
afloat
rt.Wlirm*Pt.Arthnr
111,873
TOt.Wk.1902
17.000
607,000
afloat
Milwaukee
977.644
23,000
Kansas City
84,000
2,178,000
afloat
Jhioago
6T.280
19,860
s.ebb
176,000
60.000
27,000
5io,ooo
20,696
,
busk.
44.000
86,000
afloat
•etrolt
JnLakes
m oanal and
Oat*.
811,000
Barley
afloat
Toledo
208,074.599 209,491.501 2*1.238,391 206,402.878
Corn.
69,001/
By,
buik.
38.00r-
20.001)
••oria
lnlianapolls
a Mississippi River.
Wheat.
7,000
1,000
18,000
47,000
l.s.oot
OOO.ooc
1,698,006
982,000
S01.C00
roronto...
...
Peoria
Same
aame
OStOn.
Philadelphia
Baltimore
Haw Orleans
Salveston
Montreal
....
Oleveianc
1,718.00V
Kansas City
llble.lWlbs Bush.QOlbs Bulk. 60 lbs Bush.32 IbM J3u»k.48lbi Bu.00 lb*.
918,950
150,918
1,296,689
2.017,965
616.288
162,000
49,400
117,426
304,000
139,100
517.760
36,100
1,602,189
220,300
45,674
895,878
40,654
8,463,680
46,630
362,380
851,870
36.800
178,000
221,000
119,000
6,600
Oats,
bush.
740 on°
afloat
368,974,699 369,491,601 871.268,894 856.421,878
160,000,000 150.000,000 160,000,000 150,000,000
Breadstuffs Figures Brought from Page 1164.—The
•tatements below are prepared by us from figures oollected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Nov. 15,
and sinoe Aug. 1, for each of the last three years have been:
at—
Do
buik.
109,000
Osrn,
buik.
Omluth
435,488,077 443,116,772 468,660,680 441.351,491
81,013.478 88,626,871 87,897,280 84,929,613
"Chiefly disbursing officers' balances."
Rtteipt*
Wheat,
1% store at—
flew York
;
..
November
THE CHRONICLE.
22, 1902.]
DITIDEN DS.
New York City Clearing House Banks.— Statement of
condition for the week ending Nov. 15, based on average of
We omit two ciphers (00) in all cases.
daily results.
Capital. Surplus.
*
9
Loan*.
89*Ci*.
Legal*.
9
9
9
2,618,0
8,942,0
2,074,8
1.947,0
8.059,6
1,078.0
29,660,8
4.700.8
882,1
879,2
425.6
1.437,0
3,026,0
1,289,0
1,829,0
2,871.2
286,0
5,427,1
3.094.2
618.6
771.8
37,6
826.0
173,6
165,0
217,4
1,898,0
4,614,8
166.0
1.278.2
448.6
724,8
376,0
1.237.6
6.932.6
491,8
414,2
830,6
700,0
255.8
8,207.0
898,8
1.208.0
8,870,0
190,9
2,215.6
738,0
1,178,0
3.498,1
N. T.... 3,000,0 2,269.1 17.780,0
Manhattan Co... 3,060,(1 2,284,3 19,230,0
3.000.C 1,285.6 11.425,4
Merchants'
2.000.C 2,652,4 13.477,0
Meohanlos'
ol
1,600,0 8,276.7
287,0
1,000,0
City .............. 36.000.C 16,888,1
aoo.o 7,240,7
Chemical
600.fi
286.4
Merchants' Ex..
»al latin
1.000.C 2,147,1
800.C
86,2
Batch.* Drov's"
400.C
Meoh. Traders'
171,1
300.C
197,7
526,1
Leather M'fri..
600,0
•Tenth Nattoi'l 1.700.C
161,0
American Exoh. 6.000.C 8,876.1
Commerce
1O.000.C 7,484,1
Broadway
1.000.C 1.K98.7
Mercantile
1.000.C 1,429,2
560,8
422,7
Chatham ..
450,0 1,084.4
People's
868,5
300,0
North Amerioa.. 3,000.0 1,977.8
Hanover
6,908,8
8,000,0
Irving ........... 1,000,0 1,000,1
Cltieens'
601,8
1,660,0
804.1
600,0
Market Fulton
900,0 1,049,1
Shoe
Leather. 1,000,0
371,6
Exchange.. 2,000,0 3,176.0
407.3
800,0
Imp't're'ATrad. 1,600,0 6,277,6
Park
3,000,0 4,611.4
161,2
360.0
Fourth
8,000.0 2,710.4
Central
577.7
1,000,0
Second
800,0 1,206.6
First..... ......... 10,000,0 12,219,9
Phenlx
A
20,725,6
6,249.0
119,078.1
24,183,0
6,024,4
8.278.6
1,639.6
8.543,0
1,171.9
4.429.8
424.0
112,2
971,6
,,
1.428,2
8,423,0
6.9 2,9
28,540,0
69,283,0 10.673,8
6.868.0 1,882.1
18,826.4 2,206,6
808.0
8,085.6
751.4
5.678,4
204.6
2.114,9
16,652.6 2.088.2
46,584,4 7.947.6
448.9
6,632.0
6.669.2 1,236.1
381.4
2,668,6
815,6
6.087,0
A
4,686,4 1.108.7
A
38.868,0 8.870.0
227.3
1,812,0
22,706.0 8.873.0
47,928.0 16,049.0
142.5
1,109.1
18,285.6 2,972,2
9.862.0 2,281,0
9.406.0 1,527.0
76,246,8 16,872,2
762,5
443,2
6,826.8
N.T.Nat'lExoh.
869.0
600,0
395,0
395,0
Bowery
2.486.0
776.5
360,0
820,6
410,8
8.758,4
606.4
N. T. County....
300,0
577.4
238.2
German Amerl..
8.676.8
431,9
760,0
Chase
1,000.0 8,262,7 40,091.6 10.488,3 1,953.8
266.8
Fifth A venae ...
8,927.6 2.287.1
100,0 1,570,9
140.0
625.0
€terman Exoh...
S26.6
2.666.4
200,0
416.4
469.4
866.6
3.946.8
300,0
659.8 1,668,3
9.783,3
800,0 1,186.6
344,6
aarneld
7,461.7 1.485,8
1,000,0 1,282.0
442.5
3,822,7
171,4
Fifth
395.9
300.0
494,3
Bank of Metros. 1,000,0 1.277,0 7,912,2 1,742,4
382.0
8.106,0
408,0
470,7
200,0
600.0 1,157.6 11,400,0 2,808.0 1,839.0
Western
J.100,0 3,1^3,0 38,868.8 8.330,9 8,230.4
608,0
476.0
1st Nat., B'klyn.
550,6
4,368,0
800,0
Liberty
826.0
892,2
7.782,2 1.299,0
500,0
846,6
4,294.8
260,6
N. Y. Prod. Ex.. 1.000,0
470,3
New Amsterdam 600,0 570.7 7.219.9 1.223.9 661,9
6P8.0
250.0
4,165,0
478,2
850,0
United States...
4,160,1
8)8.7
78.0
461,1
600.0
Com
L00673.7 1176679 870,424,2 1710308 66,852,9
*
Nam*
When
Per
Company.
of
Book* Closed.
(Days Inclusive.;
0«nt Payable
Re-
BANKS.
Bulk
1127
Dttotitt **rv*
P.O.
16.286,0 24'9
22.088,0 27*0
12,811,6 258
18.641,0 241
28.088,1 24'8
6,205.0 26-3
108,814,1 32'1
23,688,1 38-6
6.836,3 28-4
6.026,4 27-4
2.084.2 22-2
8,883,0 196
269
266
1,056,6
4,248.8
6,630,0
22,288,0
66,486,1
8.072,2
18,848,2
3,885,2
6.607,6
2,726,8
18,028,8
52,911,0
4,858,0
6,334,8
8,087.1
6,246,0
6.418,2
37,418.0
1.828.0
19,842.0
60,669,0
1,288,2
19,866,1
12.302,0
10.810,0
07,245.5
6,188,6
2,969,0
4.791.9
8,622,8
47,170.8
9,812,6
8,166,4
4,561,2
10,270,8
7,648,9
3,882,6
8,694,2
8,078.0
18.836,0
42.395,2
4,614,0
7,470,9
4,283.4
7.944,6
4,080,0
8,688,8
28-8
21-7
25-9
23-6
23-2
24-6
678,219,4
27-0
t
251
28'8
36-8
25-4
25'2
19'S
28 8
21*3
26-8
26-2
21-6
28-0
22'3
21 2
26-1
26-8
82 3
B&NKB.
Gael,
Sur-
Loam A
tai.
•>lu«.
Invest- 8tHtU
iff*.
ment*.
268
248
261
286
230
23-3
25-7
22'5
28-8
260
24-1
19-2
21-6
23-9
266
257
26-6
27-8
370
Net
Olear'g Other Oteeiib
Notts. Agent. Bkt.Stc
Hvw Yon* City
Borough of
Manhattan,
f
Colonial
100,0
800,0
Fourteenth Street 100,0
etaneevoort
300,0
Hamilton
200.0
Mount Morris
250.0
Mutual
200,0
Nineteenth Ward
200,0
Plaaa
100,0
Riverside.....
100,0
State
100,0
Twelfth Ward
200,0
Twenty-third
100,0
TorkvUle
100,0
100.0
Washington
Fidelity
300,0
Tarlek
100.0
Jefleraon
300,0
Century
100,0
Wash'rtonHelghts 100,0
UnltedNaOonal... 1000,0
Boro'h of Brooklvn.
Bedford
150,0
Broadway
100,0
Brooklyn
800,0
Eighth Ward. ..„.. 100,0
Fifth Avenue
100,0
ManufaotfTB' Nat'l. 253,0
Meohanlos
500,0
Merohants'
100.0
Nassau National.. 800,0
National City
800,0
North Side
100,0
Peoples
100,0
Seventeenth Ward 103,0
Sprague National
200,0
Twenty-sixth Wd. 100.G
Union
300,0
Wailabout
100,0
Columbia
Wd
.
Borough of
Richmond.
Bank of Btaten Isl
l8tNat„StatenIsi
26.0
100,0
I
%
I
42.0
170.2 2184,0
258,7 3301,0 201.0
79,8
95,2 1688.8
20.1
49,6 1652.0
107.7 1915,1 112.8
94,6 3883.4 189,6
41,6
177,4 2103,0
176,8 1610.1
37,3
327,6 2992.0 118.0
20,2
102.3
868,9
869,6 6626.0 420.0
36.0
74.7 1616.0
49.3
81,1 1252.1
83,6
261,6 1626.8
787.1
10.6
45.8
642,2
10.6
108,8
784.3
eo,9
3.7
82,0 1542.2
18,4
264.6
2,2
53,7
103,8
480.2
18,8
218,4 2856.0 316,7
631,6
6S9.7
156,6
144.1
76,8
J67.0
59.8
130.1
65.7
1602,1
1718,7
1378,3
305,7
760.7
8046.4
4436,2
910.8
4094,
8086.0
919,6
1247,4
570.6
1108,7
592.0
1242,7
810.7
76.1
100,3
662.1
748,2
187,2
201,2
165,4
17,7
82,7
488,6
361,9
86,9
Othtr Cities.
1st Nat., Jer. City. 400,0 996,8
Hud. Co. Nat., J.O. 360.0 818,2
3d Nat., Jer. City.. 350,0 804,6
Id Nat.. Jer. City.. 100,0 356,8
1st Nat., Hoboken. 110,0 198,6
3d Nat.. Hoboken. 125,0 130.8
18.8
17,7
87.6
6,8
88.8
*
170,2
109.0
72.4
125,4
92.8
89.4
182.7
188.7
317.0
95.6
210,0
178,0
129,4
185.3
48.7
88.8
68.8
65.5
18.0
12.7
70,9
101.6
169,8
185,6
210.0
356.9
162,5
188.0
214.9
189.9
460,7
139.0
70,8
189,0
156.0
83.8
65.8
89.6
48.7
86.7
273.2
36,9
46.8
84,4
1618,6
1793.6
87.6 1383.4
367.1
14,0
881.0
6
8504.0
20,0 4510,1
951,6
37,0 4163,0
107,0 8169.0
886.4
65,3
60,7 1384.0
674,3
87 6
885 2
87,0
628,2
4.4
188.f 1263,5
761,2
89,6
107.1
8.0
12.4
44,8
80,8
28 8
88,6
25,0
14.0
47,6
22.5
10,0
82,4
90,6
13,3
48,8
78
843,6
122.6
10.0
174.0
186.0
7,9
4846,4 278.1
2218.7
67,5
1188,2
01,3
1112.7
87.8
3269,2 127,2
1062,1
38.8
4
48,2
206,8 1281.8
66.2 107.9
16.8 166,6
56,6 806,6
24,2 161,8
87.8
<
160,0 2400,0
8,0 8102.0
1899.4
36,'3
1803,6
6,0 2056.8
68.4 2877,1
2096,8
28,'5 1862,8
8141,0
938,6
846,0 6328,0
2031,0
S9,"« 1462,9
1,8 1625,4
802,8
17,8
613,1
16,C
825,0
1896,8
180.4
864.8
1874,8
181,9
83.6
112,0
48.8
74,9
486,0
162.7
65,8
589.0
892,0
46.2
80,8
66.9
140.6
86.6
58,3
31.7
68.0
40.6
27,2
98.7
341,6
59,7
804,0
278,0
60,2
I
37,6
Norfolk
382
f
66.7
10.1
19,6
11,4
24,1
l'l
1
2Hi
&
&
&
Jan
Dec
Nov 30
Nov 30
Nov
Dec
2
Ik Deo
Western, com
1"9
Dec
3
Deo
Nov 1
Nov 26
Nov 23
Deo 9
to
to
to
to
to
to
Nov 21
to
Deo
Deo
Deo 5
Nov 30
Dec 13
Banks.
Avenue
Fifth
Fire Insurance.
1
Dec
1
On dem
10
Paolflo
Miscellaneous.
American Dist. Teleg., Brooklyn
American Express
do
do
3Hi
3
1
(extra)
Dec 10 Deo
Jan
Jan
*
4
Deo 10
to
Nov 29
Nov 29
a Holders of reo
2 Holders of reo
1 Nov 26
to
15 Dec 6
to
21 Holders of reo
American Steel Foundries, pref. (qu.).
Dec
Borden's Condensed Milk, pret. (qu.)..
Ik Dec
Central Oil
50c. Dec
Fisheries Co., pref. (annual)
Jan 10
7
General Chemical, com. (quar.)
Dec
1
1
National Fire Proofing, com. (quar.)..
Ik Nov 25
National Lead, pref. (quar.)
Ik Dec 15
Hallway Steel Spring, pref. (quar.)
Ik Dec 20
Standard Oil (quar.)
$10 Deo 15
Trenton Potteries, pref. (quar.)
Deo 10
2
1
Jan
1
U. 8. Beduc. & Bef'g, com. (quar.)
do
do
pref. (guar.)
Ik Jan 1
.
Dec 16
Nov 22
to
to
to
to
to
Nov 18
Nov 29
Deo 1
Deo 15
Dec 10
Jan 10
Deo 1
Nov 25
Dec 15
Dec 21
Holders of rec. Nov 21
Holders of rec, Nov29*
Dec 21
to
Jan 1
Dec 21
to
Jan 1
Deo
6
Transfer books not closed.
National Banks. — The following information regarding
is from the Treasury Department.
national banks
NATIONAL BANKS ORGANIZED.
Certificates Issued October 21 to October 27, 1902.
6,463—The First National Bank of Page, North Dakota. Capital $25,000. L. B. Hanna, President W. B. Morrish. Cashier.
6,464—The Anoka National Bank, Anoka, Nebraska. Capital, $30,000.
;
Will D. Forbes, President
6C8.0
687,6
5688.4
1718,7
1015,7
1327,4
2027,2
1073,5
Totals Nov. 16.. 3612,0 9198,3 78768,6 3608,6 1486,6 7822,8 1922 6 32641.4
Totals Nov. 8.. 8813,0 9468.8 78311,8 3288.9 1288,4 8246,8 1895,! 33064 8
Totals Nov. 1.. 8612,0 9498,8 77768,6 3887,3 4284,6 7508,4 1638,7 81408,0
;
A. Richardson, Cashier.
S.
6,465— The Merchants' National Bank of Qaafcertown, Pennsylvania.
Capital, $50,000.
James H. Shelly, President; John D.
Moyer, Cashier.
6,466—The Ravenna National Bank, Ravenna,Ohlo. Capital, $100,000.
Charles Mertz, President; Robert B. Carnahan, Cashier.
6,467—The First National Bank of Ivanhoe, Minnesota. Capital,
$25,000. John Swenson, President George Graff, Cashier.
;
Conversion of " State Bank of Ivaahoe."
6,468-'The First National Bank of Hendriofce, Minnesota.
Capital,
$25,000. John Swenson, President; L. M. Lerwiok, Cashier.
Conversion of The Lincoln Coanty State Bank of Hendrloks.
6,469- The National Bank of De Pere. Wisconsin.
Capital, $50,000.
A. G. Wells, President Hugo Kiel, Cashier.
6,470- The Sandy Hill National Bank, Sandy Hill, New York. Capital,
Chas. T. Beaoh,
$50,000. L. W. Cronkhite, President;
;
Oft ft hi fir
Citizens' National Bank of Italy, Texas. Capital, $25,000.
J. C. Couch, President ; Fount Ray, Cashier.
6,472- The Citizens' National Bank of Sugar City, Colorado. Capital,
6,471-
The
$25.000.
, President; J. B. Williams, Cashier.
6,473- -The First National Bank of MUbank, South Dakota. Capital,
$25,000. F. B Roberts. President; George C. Mlddlebrook,
Cashier. Conversion of " The First State Bank of Milbank."
—By Messrs. Adrian H. Muller & Son
Auction Sales
325 The
) $50
595 The
S lot
300 Internat'l Bank. Corp'n.200
5 Central Trust Co
1941
3 Herring-Hall-Marv. Safe
Co. 1st pt.&$60 scrip. $95 lot
15 Herring-Hall-Marv. Safe
Co. 2d preferred
$54 lot
15 Herring- dall-Marv. Safe
Co., common
$16 lot
19 American Press Ass'n. .. 90
34 American Soda Fountain
70k
Co. 1st pref
10 American Soda Fountain
Co., 2d pref
20k
10 Nat. Bank of Commeroe.320
117 Otis Elevator, common.. 38
2 Amer. Exchange Nat.Bfc.277k
10 Guardian Trust Co
200
SftttMtig
it
&
29
156
5 Broadway Trust Co
54 Lawyers' Title Ins.Co.375-376
186
4 Central Nat. Bank
2 Bowling Green Trust Co.240
50 Empire State Trust C0..1981*
50 P. Lorillard Co.. pref..-.126 1fl
546 American Spirits Mfg.
Co., com
$1 18 per share
15 Mexioan Trust Co., com.
(International
fleld,
Bergen
Co.,
5s,
road improve'*
and
N. J.,
M&N... 90-85
ffiuatixial.
&
Co.,
....
PINK STREET,
&
Bank
Trust Co. of Amerioa). .116
358<*
15 Merchants' Trust Co
64 Fourth National Bank. .235
25 Westchester Trust Co. ..150k
205
10 Varlcfc Bank
Bonds.
$2,600 Borough of Bergen-
Trask
BANKERS,
Spencer
:
Stocks.
Slocks.
Cameron Co., pref..
Cameron Co,, com..
101,8
9.C
Maine, com. (qnar.)
36-8
Reports of Non-Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Nov. 15, based on averages of the daily resultWe omit two ciphers (00) in all cases.
(00s omitted,)
<&
Buffalo & Susquehanna, pref. (quar.)..
Catawlssa, pref. stocks
Loulsv., pref
Chlo. Indianapolis
Tex. Pao.,pf.(qu.)
Cln. New Orleans
246
320
United States deposits Included $40,269,700.
L*t,T. Dtpoiit.with
Railroads (Steam).
Boston
•
NEW
YOKS.
Transact a veneral banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIES.
Members N.
Branoh
Y. Stock flxohanee.
Moffat
New
&
Office,
65 State
St.,
Albany
White,
York Htoch Exchange,
Members
1 NASSAU STREET, CORNER WALL.
Dealers In Investment Securities.
Tel. 6820-6821 Cortlandt.
Tracy
&
Teleph one Stocks a SyeelaltT.
Co., Bankers,
No. 40 Wall Street,
CHICAGO.
NEW YORK.
MILWAUKEE,
Connected by private wire.
Dealers in High Grade Bonds.
Lift of Current Investment ufcrings tent on Application.
New York Stock Exchange.
Members { c£caKO
Stock Exchange.
i
C*<anil«sleii
in all
Exeoated
Order*
M«rk»u
1128
1
7
THE CHRONICLE,
[Vol.
coup, at 105.
The following are closing quotations
yearly range see third page following.
iawfem* (ia&etle.
For Dividends see page
1127.
WALL STKEET, FRIDAY.
NOV. til, ltfO*.-3 P. M.
The Money Market and Financial Situation.— The liquidating movement which was the conspicuous feature of last
week's market had practically finished its course when that
week closed. There was a hardening tendency during the short
session on Saturday and Monday's market showed still further
improvement. During the progress of the week the tendency
has, with more or less irregularity, been to firmness under
the stimulating influence of a 20-point rise in Manhattan
Elevated shares. Various rumors accompanied the latter
movement, the latest and best accredited of which seems to
be that a lease of Manhattan has been made to the iDterborough Company. If this is true it will result, as is well
known, in a passing of Manhattan control from Gould-Sage
to Belmont interests, and therefore in a harmonious management of the Elevated and Rapid Transit systems when
the latter
is
LXXV.
completed.
Other developments of the week are of a more general
character an<i importance. The foreign trade statement for
October, just issued, shows an improved condition of our
export trade, and suggests the possibility of a change in the
international trade balance during the coming grain and
2s, 1930
registered
2s, 1930
coupon
2s, 1930 .amaJ.registered
2s, 1930 .small
coupon
38, 1918
registered
3s, 1918
coupon
8s, 1918, small.regtstered
3s, 1918, small
coupon
4s, 1907
registered
4s, 1907
coupon
4s, 1925
registered
4s, 1925
coupon
5s, 1904
reg'jtered
6s. 1904
oouion
•This
is
Interest
Nov.
Periods
IS
Q—Jan
Q—Jan
Q— Feb
Q— Feb
Q— Feb
Q— Feb
Q— Jan
Q— Jan
Q— Feb
Q— Feb
Q— Feb
Nov.
17
Nov.
Nov.
19
;
for
Nov.
Nov.
20
21
'1084 *108>9 '1084 •1084 '108S '1084
'1084 •108 4 •1084 «i084 •1084 «i084
•ib's"
•ib's" •ib's"
'108
-108
1084 'ib's" •108
•108
108
108
•108
•±064 •1064 ib"64 •1064 '1064 •1064
110 * 1 09»4
•109»4
'110
136
•136
•136
•136
•104
•104
Q -Feb •104 •104
the price bid at the morning board; no
•109»4 '109*4 *109»4
109*4 •109*4 *109»4
*
•136
'136
'104
•104
sale
"136
•186
•104
•104
'136
•136
•104
105
109"g
'1094
•1354
•1354
104
•104
was made
—
State and Railrn«d Bonds. Sales of State bonds at the
include $10,000 Virginia 6s deferred trust receipts at
12, $1,000 North Carolina consol. 4s at 104 and $10,000 North
Carolina special tax at 2.
The market for railway bonds has been less active than
last week, but firmer, and in a few cases a substantial
recovery has been made from the depression then noted.
Low-priced issues continue to be the active feature, including new Rock Island 4s, which show an advance of 3 points,
Oregon Short Line, Union Pacific convertible and Wabash
debentures.
The last-named have also recovered 3%
Boar
1
The local money market is somewhat points, Green Bay
Western debentures 3 points, and
Call-loan rates have had a tendency to decline, and several issues are fractionally higher than last week.
In
time-loans, especially at the close, are more readily negotia- addition to the above. Consolidated Tobacco, Burlington
ted than for some time past.
Quincy, Atchison, Northern Pacific, Pennsylvania and ReadThe open market rates tor call loans on the Stock Exchange ing bonds have been notably active.
during the week on stock and bond collaterals have ranged
Railroad and Miscellaneous Stocks.— The stock market
from 2 to 6 per cent. To-day's rates on call were 3% to 4% has been alternately strong and weak. The prevailing tendper cent. Prime commercial paper quoted at 6 per cent.
ency, however, has been in the direction of higher prices,
The Bank of England weekly statement on Thursday and the active list has generally recovered from 2 to 6
showed a decrease in bullion of £285,795, and the percent- points of the decline noted last week. To-day's market has
age of reserve to liabilities was 45*77, against 46'75 last week, been the most active of the week, with a sharp advance in
The several issues, led by a rise of nearly 7 points in St.
the discount rate lemaining unchanged at 4 per cent.
Bank of France shows an increase of 7,400,000 francs in gold Paul, on rumors of stock privileges. There has been a fair
and 3,000.000 francs in silver.
volume of bu-iness, the transactions averaging about 800,The New York City Clearing-House banks in their state- 000 shares per day. but it was very unevenly distributed.
ment of Nov, )5 showed a decrease in the reserve held of Manhattan Elevated has been a prominent feature. Begin$1,4 9,700 and a surplus over the required reserve of ning on Monday, it was persistently bid for at rapidlv ad$18,328,350, against $17,852,350 the previous week.
vancing prices. It sold up to 154%. a gain of 20 points
within the week and about 15 points above its previous
Differences
1900
1902
1 90
from
highest price this year. Naturally this movement had a
Nov. 17
Nov. 18
Nov. IS
previous week
stimulating effect on the other local transportation issues,
resulting in an advance of about 8 points in Metropolitan
9
9
9
9
Capital
100.672,700
83 622,700
74.222,700 Street Railway and 9 points in Brooklyn Rapid Transit.
Surplus
90.109 900
.
117.687.900
99.050,400
Louis & IHsoounta 870 424.200 Deo 6,066.400 8«2,567.400 787,846 100 New Yorft Central also advanced over 6 points. Otherwise
Circulation
Ino
814,300
982,600
30,677.500 the railway list has been relatively dull and featureless.
44,606,100
31
Net deposits
'878,219,400 Deo 7,662,800
946 084,300 830,670 100
Of the industrial stocks, American Sugar Refinng advanced
5x 852 500
176,fi89,600
Specie. ............
171,030,300 Deo 1,174,100
Legal tenders
266,600
68.734 800 on a firmer market for refined sugar, the copper stocks, Ten66,862,900 Deo
70,035,400
Iron and United States Realty have been
217,587,300 nessee Coal
387.848,200 Deo 1,439,700
246,624,900
16 p. 0. of deposits 219,664,860 Deo 1,916,700 236.621,(175 209,917 625 notably strong and United States Steel Corporation issues
advanced about a point.
Surplus reserve
18,328350 Ino
476,000
10,103,825
7,669,776
For <taily vomme of business see page 1135.
* $40,259,700 United States deposits inoluded, against $4u,8*4,100 last
The following sales have occurred this week of shares not
week. With these Onlted States deposits eliminated, the surplus reserve
would be $28,393,275 on Nov. 16 and $28,073,375 on Nov. 8.
represented in our detailed list on the pages which follow.
NOT**.— Returns ot separate banks appear on page 1127.
&
cotton movement.
easier.
&
1
&
Sale 1
STOCKS
Range for Week
Range Sine* Jmn. 1
for
Foreign Exchange. The market for foreign exchange was
Week Ending Nov 21 Week
easy u* til Thursday, when there was an improvement in the
B. & O. subsonp. rects
tone, and at the close it was strong.
1,680 96 B8 Novl5 98 s4Nov20
50 per cont paid
96 s8 Nov 108'8 Oot
To-day's (Friday's) nominal rates for sterling exchange BntwrlckCo
200 50 Nov 17 £51 NovvO 41 J'ne 63 Sep
4th pd
200 128 n8 Nov20 1304Nov21 128°8Nov 136 Not
were 4 84% for sixty-day and 4 87%@4 88 for sight. To-day's Canadian Pac subs
Wh.,com
100 66 Nov 16 6d Novl5 35 Feb 844May
Cleve Lorain
(Friday's) actual rates were 4 836-1(34 8375 for sixty day, Commercial Cable
100 176 Novl7 176 Novl7 160 Mar 180 Oct
Chemical,
pref..
200
100 Nov21 100 Nov21
OeDeral
984I'ne 103 Sep
4 87l0«*4 8720 for demand and 4 8760(34 8770 for cables. Com200 37 Novl7 41 Xovl6 35 Sep 65 May
International silver, prf
mercial on banks, 4 83^@4 83%, and documents for payment, Maryland Coal preferred 100 994Novl8 994Novl8 72 Apr 100 Sep
loo 45 Nov 18 45 Nov 18
4 82%@4 84. Cotton for payment, 4 82%(34 83; cotton for ac- New Central Coal
33 May 45 Aug
Ontario Silver Mining...
100
7 a8 Mar
7 8 Novl9
7«bNov19
9 4 Jan
ceptance, 4 83%(34 83%, and grain for payment, 4 83% @4 84.
29"tjNov 34 40ct
Vulcan Detinmng. com. 400 30 Novl5 30 Nov
—
,
<fe
fl
1
To-day's (Friday's) rates for Paris bankers' francs, long,
5 18%@5 18i'8 *; short, 5 15% T @5 15%*. Germany bankers'
marks, long, 94%t@94%; short, 95 5-1 6f@95 5-16. Amsterdam
bankers' guilders, 1< >ng, 39%T[@39 15-16; short.40%^7340 3-16.
Exchange at Pr.ris on London to-day, 25 francs 13% centimes; week's range, 25 francs 13% centimes, high; 25 francs,
11% centimes, low.
The week's range
of
exchange
-Long.-
Sterling Actual
High... 4 83!H)
Low.... 4 8360
—
I
I
©4 84
©4 8375
I
I
®
I
I
I
I
I
|
'Less ha.
t
Less
1
3 2-
t
Less
-Cables.-
@4 8720
@4 87
4 8710
4 8690
Paris Bankers' Francs—
High... 5 18»4
5
@5 184*
Low.... 5 18 34
@5 18 34*
5
Oermany Bankers' Marks—
943,1
High...
<J434
Low....
94Hie © 94»4
Amsterdam Bankers' Guilders—
High...
39*8 U © 3915,6
Low....
® 39i» le
39'eli
I
rates:
-Short.-
15"et
@5
95»i 9 t
©
©
16^t ©5
953 ia
4 8760
4
8740
©4 8770
©4 8760
15"%*
15<£
95B 18
954
O'Hside M-rfeet.- The curb market has followed the course
Exchange, that is, was depressed early in the
week, but recovered lone at the close. Northern Securities
opened around 104 and on Monday fell off sharply to 10334,
rallying on Friday, however, to 106,%. Manhat' an Transit
moved between 5%@»% until Thursday, when on heavy demand it made a su iden advance to 6V£ and closed on Friday
at 5%. The rumors of a merger of some of the local traction
companies in which the Interborough Rapid Transit Company is to play an important part is responsible for a sharp
advanoe in this stock.
The stock on Friday brought
121%, an increase of 16% points over last Friday. Seaboard Air Line ranged at 26%(826 and preferred 44%(344.
The copper group showed moderate animation; Greene Consolidated advanced 2% points to 25%; the "rights" brought
of the Stock
United Copper sold from 31 down to 29\j and
oston realized 2%@2J6
Standard Oil dropped
from 675 to 665, a loss of 10 points. Distillii g Securities,
after an advance to 28 on Tuesday, fell off 2 points the following da3T to 26; the bonds sold at75@71, a drop of 4 points.
American Can common fetched 9%'d>l0% and the preferred
40 3^@43. Allis-Chalmers issues were irregular, the common
55c.w»95o.
40 VII
v,-
4041T
a
3 32-
403ia
403ie
U Plus he.
Montreal
&
'
The following were the rates of domestio exchange on
New York at the under-mentioned cities to-day: Savannah,
buyine 1-16 discount, selling 1 16 premium; Charleston, buying par; selling 1-10 premium New Orleans, bank, par; bringing 26%
;
commercial. $1 25 discount; Chioago,
St. Louis, par;
San Francisco,
10c. per $l,0c0 discount;
par.
United States Bonds.— Sales of Government bonds at
the Board include $3,000 3s, coup., at 108; $9,000 3s. reg., at
108^; $37,200 4s, reg., 1907, at 109% to 110, and $10,000, 5s,
a23; the preferred, after a decline of 2%
points to 82%. recovered on Friday to 85. Pnilippine Transportation and Construction issues were dealt in on the curb
for the first time this week; the stock realized 90(396 and
the bonds 106*107. Otis Elevator common advanced 2
points to 40 and the preferred 1% points to 100.
Outside quotations will be found on page 1135.
New York
Record, Daily, Weekly and Yearly
TWO PAGES
Exchange— Stock
Stock
OCCUI'YlNtt
STOCKS— H JG HEST AAD LOWEST SALE PRICES
Monday
Saturday
-You.
•38
88
40
70
SI
97
83
'38
•68
98J,
96% 99%
93% 944
56 Hi 58 >«
'120 125
'141 143
127 129%
•78
83
"160 170
43% 45
31% 82%
69
Tuesday
xrov. is
Kov. 17
15
69
5
.
.
40
»3S
•68
70
120
141
125
143
*38
40
•67
69
80% 82%
§93
57%
574 58%
•120
•141
120
125
144
'141
76
165
*80
83
83
166 •165 170
44% 45 4 44% 45
* 80
166
65
•69
•
•
80
170
43% 44%
31% 32%
69% 69%
32% 33%
32%
70
210
94
125
144
127% 129% 126% 128%
128% 129%
32
70
10
68
97 4 98
96% 98%
93-u 94
94
57% 59
yoo. 19
81% 82%
97% 98%
97% 994
Sl^ 83%
9S% 98%
98% 99%
94
Wednesday
70
210
134
25% 26
•89
90
Thursday
A'ov.
STOCKS
NEW YOBK STOCK
Friday
20
EXCHANGE
Xov. 21
Sales
40
69
40
40
68
68
Arbor
Ann
Do prei
300
100
Santa Fe. 199,370
21,287
224
226
180
•150
*190
17
180
162
200
32i2
15
*47
96
223
17%
33%
15%
96%
155*2157
244 245
39% 39%
884 89
45
17
84%
§83% 83%
164
16*,
34
24
'-
I
,
32% 34
64
47
200
18
33%
15% 15%
97
50
98
"28% "28%
•70% 71%
70% 71
43% 44
16%
162
33*4
'48
50
"27
•40
150
190
18
224
64 %
44
157
245
40
44%
158%
245
40 4
88% 39%
•40
45
17% 17%
34% 34%
174
24% 24%
33% 344
644 64%
17
•222
150
*190
18
98
*93
99
64
48
183%
183
186
'183
•120
130
73
*73
76
•120
150
190
150
200
18
225
162
200
17% 17%
31% 33
15% 16%
223
•150
"190
224
»36
•84
'36
"83
39
22% 23%
«103
118
108
128
74% 76%
38
87
23% 23%
106
•115
76
93% 96
89
89%Novl4 95 4 J'ne"
elo
82 Novll 90% J'neL 4
38 Novl4 51% Aug2:o
50
96
470
§84
86
182
183
87
87
185
186
Detroit United
174 17 4 Duluth So. Shore & Atl..
16% 16% •16% 17%
24
244 24% 24% *24% 25%
Do pref
33%
344
33% 34% Erie
344 32% 33%
63% 64
63% 64% 64
64%
65
Do 1st pref
44% 46% 45% 46% 46% 47%
Do 2d pref
47%
54
53
574 57
53% 53
57
Evansv. & Terre Haute..
'82
-82
*82
38
88
88
88
Do pref
67
57
60
63
60 Ft. Worth* Den. C.,stmp.
174
185
•
72% 72%
183
183
Great Northern, pref
120
125
+120
125
*120
125
73
73
75
70
76
76
ctf-A
Do
107
•115
75% 75%
*90
•60
•98
•65
154
•32
93
72
106
75
156
38
105
•110
74
• 121
25
106
130
75
125
106% 108
•112
78
• 121
*107
*115
128
76%
84
•15
63
17
64
91
69
105
75
94
•110
94
120
92
92
70
105
72
•90
94
120
•90
•101
94
72
106
•90
93
120
90
94
71
• 100
• 100
•100
105
•70
74% 74% 75% 76
155% 156% 154% 1564 153% 156
1 55% 1564
'34
•30
40
*35
•30
40
40
37
83
S3
53% 55%
84
70
91
69
•100
•68
70%
42% 43%
73% 75
25% 25%
54% 57%
85
86
714 72%
42% 444
74% 764
'15
65
27
17
65
27
Mich. South'n
<fe
122% 122% •121 124
124
25% 26
25% 26%
25% 25% 26%
56% 574 56% 58
55% 574 57
57%
55% 56%
104% 106% 105% 1074 105% 106% 105 107% 107% 108%
100 1004 •100 104 *100 103 • 1004 103
100 100
15% 16% 16% 16% 16% 16% 15% 16% 16% 164
35
35
*34% 35
34% 35% 35% 35%
34% 35
'148% 1494 149 151
149% 1504 1484 150% 150 1534
"41
•40
44
43
42
42
424 42%
41
41
115 118
110%110% •110 120 •110 120 *110 120
'81
•82
84%
84%
85
80
82% 83%
80
84%
226 226
225 225% §223% 223 %
•221 225 *221 226
294 29% 28% 29% 29
29
29% 294 30
29%
69% 70% 69
70
68% 69% 69% 704
68% 70
125
24% 25 Hi
121
;
&
1224124
123% 125% Ijouisville Nashville...
147% 154% 149% 154% Manhattan Elevated...
123 125
etrop. Secur., sub. rec.
122% 124
1404 142% 139 140 Metropolitan Street
•36
36 38 -36 38 •36 38 % Met. West Side El. (Chic.)
38
•84
•83
•83
•84% 88
88
88
Do pref
88
23% 23% 22% 23% 23
23% 23% 23% Mexican Central
128
77
pref
Shore
Long Island
122% 124% 121% 123%
1384 142% 142 Ha 151%
117 117
118%123
137 137% 136%1434
128
'66
94
100
55%
85%
71%
43%
76%
69%
•67
57% 55% 56%
85% 854 85 4
724 •71% 72%
44% 42% 444
76
764 75
69%
•15% 17
65
Feb
•15
17
65% 65%
65
27% 28
*24
27
>id
101
95
120
58%
85% 86
72% 73%
44
44%
76
76%
56
68
16
9,600
22%Novl6
§150 Mar 7
1,110 105 Jan 27
<fe
<fc
,
.
Rutland, pref
200
16% 16% St. Joseph &Gr'd Island.
Do 1st pref
66% 66%
Do 2d pref
29
27
66% 65%
*26
1,300
118% Jan 22
Do pref
70% 77% Minn. S. P. S. S. Marie. 4,873 36% Jan 2
• 121
300 90 Jan 14
Do pref
125
10,860 24 Mar 5
26
26% Mo. Kansas
Texas
8,900 51 Jan 13
Do pref
57% 58%
298,410 96% Marl 1
107% 110H Missouri Pacific
1,500 80 Jan 24
103 105 Nash. Cliatt. & St. Louis
at. of Mex., vot. tr. oils
6,100 c 14% Jan 15
164 16%
3
Do pref., vot. tr. ctfs 1,300 34%Novl9
35% 35
152% 154% N. Y. Central & Hudson.. 66,471' 147 Novl4
42% 43% N. Y. Chic. & St. Louis... 1,400 40 Novl4
*110 120
Do 1st pref
400 110%Novl5
•82
Do 2d pref
600 80 Novli
85
*221 227 N. Y. N. Haven & Hartf
679 209%.J an 30
294 30 N. Y. Ontario & Western. 24,700 28%Novl9
72,086 55 Jan 14
69% 71% Norfolk & Western
-90
Do adjustment, pref.
200 90 Feb 21
94
2,700 67 4 J'ne23
71% 72 4 pacific Coast Co
I Do 1st prof
• 100
105
100% Jan
77
Do 2d pref
900 74% Novll
77
195,507 147 Jan 11
155% 157% Pennsylvania
•34
40 Peoria & Eastern
30 Novl4
71 Feb 15
83% Pere Marquette
Do pref
80 Mavl7
•90
Pittsb. Cin. Chic. & St. L.
95
400 80% Jan 7
Do pref
'101
13 Mar25
120
57% 60% Reading, vot'g tr. ctfs.. 262,020 52 4 MarlO
1st
pref.
86
vot.
86
tr. ctfs...
6.50P 79% MarlO
2d pref. vot'g tr. ctfs. 14,100 60 Jan 14
734 73%
165,400 41 Novll
44% 46% Rock Island Company
Do pref
76% 81%
17,130 71 Novll
68
16
28
79%Augll
15
45 Jan 2
50 Novl2
500 120 Oct 8
325 Apr 7
950 72%Novl8
42,400 102% Jan 27
653,240 128 Marl 2
13,734 109% May 19
65,480 135 Oct 13
37 Novl4
89 Mar 3
Michigan Central
Minneapolis & St. Louis.
108
125
594 Jan
90
75
41
134
175
J')y
May
Dec
May
Maj
168% Jan
207
Mai
116% Jan
125 Mai
180 Mar
10% Jan
28% Dec
12
Jan
58
73
May
May
115% Jan
6% J an
40
Jan
88% Apr
122
146
Jfov
Nov
117% May
89
Nov
196% Dec
52% May
50 % Apr
824 Apr
140 Nov
136 Apr
27 Not
94% Mar
90% J'ne
56 Mar
188 May
200 May
215 May
248 Apr
175 4 J'ne
146% Nov
Apr
Apr
57% Apr
20% May
60 May
101 Nov
124 Nov
18 Apr
60 Deo
28% Apr
185% Apr
258 Deo
53 % May
201
31
5,710 28 Jan 14 53% Sep 2 16% Jan
5,900 153% Novll 184% Jan 7 105 May
1,400 231 Nov 8 297 Feb 4 1884 Jan
7,700 39 Novl9 51% Aug21 29% Jan
2,900 88 Novl2 96% Aug21 80 Jan 1034 J'ne
1,200 39 Feb 1 53% J'ly 11
18 Jan 45 J'ne
3,700 13 Feb 3 25 Sep 2 144 Dec 17 Dec
2,000 33 Feb 24 484 Sep 3 36 Dec 40% Dec
465 75 J'ne 2 97 Sep 2 75 Oct 82 Aug
1,710 10 Jan 15 24 Aug27
4% Feb 12% J'ne
1,205 18% Jan 14 35% Apr 9 13% Jan 22% Sep
79,255 32% Nov 14 44% Jan 2 24% May 45% J'ne
11,487 63%Novl4 75% Jan 2 59% Jan 75 Dec
6,000 45%Nov2o 63% Jan 2 394 Jan 62% Dec
2,050 50 Mar26 74% Mar 7 41 Jan 68 Apr
82 May29 104% Feb 27 81 Jan 95 Apr
500 30 Jan 2 66 Sep 17 17 Jan 36 Apr
1,300 181% Mar 5 2024 Sep 4 167% Maj 208 Mar
70 Jan 11 90 May22 65 Jan 67% Feb
335
9 Jan 8 29% Oct 20
7% Jan 11% Apr
4,950 66 Jan 15 106 Aug 8 40% May 75% Dec
1,015 81% Jan 14 97 4 Aug 7 69% Jan 88% Dec
23,333 137 Jan 14 173%Aug27 124 May 154% J'ne
3,900 37% Jan 15 51% Aug21 21 Jan 43% J'ne
910 65 Novll 90% Apr 28 48 Jan 87% J'ly
33% Jan 25 50%Augl4 21 Jan 41 J'ne
2,600 77 NovlO 88 Aug 1
77% Dec 81 4 Dec
7,300 19 Jan 15 39 Aug25 13% Jan 25 Apr
10,600 44 Jan 14 62% Apr21 35 Jan 49 Apr
1,300 13 Jan 15 41 Sep 10
5% Jan 18% Oct
25i.
106% *105
1
1,300
364,001 160% Jan 27 198% Sep 210
2,916 186 Jan 14 200% Sep 20
3,100 204% Jan 14 271 Apr 29
224 225 Chicago & North Western
230 Jan 18 274% Apr 29
Do pref
*
Too 152 Jan 15 206 Sep 22
Pacific
Isl'd
&
Chic. Rock
100 140 Feb 6 170% Apr 30
•150 160 Chic. SL P. Minn.
Om.
•190 200
195 Mar 6 210 Apr 15
Do pref
15%Fcb21 24%Augl9
2,500
18
Chicago Term'l Transfer.
30%Fel)20 44 Sep 10
6,000
33
Do
pref
33%
4,600 10% Jan 8 23 Apr 29
16% 157, Chicago Union Traction.
•47
44% Maris 60 Apr28
50
Do pref
4,510 93 NovlO 108% Aug 8
96
97% Cleve. Cin. Chic. & St. L.
118 Jan 21 124% Sep 2
Do pref
"28% "so" Colorado <fe So., Tot. trust 9,960 14% Jan 15 35% J'ly 17
L.
122% 124% 123% 125%
132% 134% 134% 139%
119% 119%
117 118
136 136% 1374139 4
i
&
160
200
17% 17%
32% 33
15 4 15%
*47
50
125
34 Nor
Sep 66 Dec
91
42 4 J an
J'na
70 Maj 108 May
81% Jan 114% May
83% Feb 97 J'na
20
50
ii
Green Bay&W..deb.
74
1
744 Jan 27
96 % Jan 2
(
22
22% 22% 23
23%
deb. ctf. B
23%
24%
Do
22
89% •86% 89% 88
91% 91% 92 Hocking Valley
87% 88^ 88% 88% •87
•88
•87% 90
88
90
88% 91
90
§88
Do pref
88
90%
88
14241434 141% 143
140% 142 4 141% 142% 1434 144% Lllinois Central
140 143
384
39
38%
39%
33%
38%
384
384
39
owa
Central
384
40%
4
37%
"68
69
69
69
*Mhi 68
66% 67
67% 68%
Do pref
68
68
•37% 42
•37%
*37% 45
•37% 43
•38% 4f Kanawha & Michigan..
•37
42
78% 79
794
79
79
C.Ft,S.<fcM.,tr. cts. pfd
78% 794 79
794
78% 78% 79
30
30
30
29% 31
31
31
30% 30% 31
30
32% Kansas City So. vot. tr. ..
55
53% 53% 52
57
Do pief. vot. tr. ctfs.
534 534 55
51% 52% 52% 54
34% 34»4 34% 34% 34% 34% 34% 354 35% 35% Keokuk & Des Moines...
•30
35
*55
*55
•55
•55
-55
65
65
•55
65
65
Do pref
65
65
•50
"52
52
56
52
53
52
50
56
52
53% Lake Erie & Western...
50
120
Feb 20 18% Ma,
ayl6
Jan 9 77% May1 5
.
22
120
Highest
Lowest
1
m
254
33%
33
63
Highest
'4
94%
"ds" 28% "27% "28% "28% "29%
•70% 7~
§70% 70% §70% 70% 71% 71%
Do 1st pf. vot. tr. cfs.
42% 44% 44 44%
43
43% 44 4 43
Do 2d pf. vot. tr. ctfs.
157 158% 158 160
154 157
157 4158
Delaware & Hudson
•235 248
•235 245
'235 248
245 245
elaw. Lack. & West'n.
39% 39% 39% 39% 41% Denver & Rio Grande
39% 40% 39
89% 90
80% 90
88% 894 89
90%
Do pref
*39
*40
40
43
43
42
42% 43% Des Moines & Ft. Dodge.
16%
17 4 17% Detroit South. vot. tr. ctfs
16% 17
16% 16%
33% 34% 35
34
33% 34
34
35
Do pref. vot. tr. ctfs.
46%
53% 53% 534
51% 53
'83
*83
88
•83
88
57
60
56% 66% 60
X83
220
225
95% 96%
•84
17
Lowest
<
32% 32%
15% 15%
•47
Year 1HU2
Range lor Previout
lOU-share lots
Year(iyui)
/or
01
96% Sep
83% 84% Atch. Topeka &
Oil V Sep
Do pref
99%
205,57(1 95%Novl4 U8 % Sep
98% 109% Baltimore & Ohio
Sep 1
97 5 92% Sep 26 99
94% •93
Do pref
94%
61% 614 62
63% Brooklyn Rapid Transit.. 166,702 54% Novl4 72%J-'ly 1 55% Oct
110 Apr 4 128 Aug 6 77 Mai
120 125
120 125
Buffalo ltoch. & Pittsb'g.
139 Apr 2 145 Sep 9 116 Mar
141 143
141 144
Do pref
61,850 112 4 Jan 28 145 4 Sep 3 87 May
127% 1294 128% 130% (Canadian Pacific
ay22 54% Jan
1,610
76 Novl9 97 Maj
80
80 %
Canada Southern
80% 83
400 165 Nov2'o 198 Jan 6 145% Jan
165 165
166 166 Central of New Jersey...
22,100 43 Novl4 57% Sep 3 29 May
44% 45% 44 78 46 7 Chesapeake & Ohio
27 May
9,125 39 NovlO 45% J'ly 1
32% 33
33
34 Chicago <fc Alton
1,000 68 Nov 12 79 J'lyl 7 72% Jan
70% 70% 70% 70%
pref
Do
134% Jan 21 220% J'ly;30 91 Jan
Chicago & East'n Illinois
136% Sep 13 151 J'ly 1 120% Jan
Do pref
•20
16 Jan
27,550 22% Jan 25 35 Aug2
254 25%
e 26% Chicago Great Western
82% 834
97% 98%
24% 26
25% 26%
24% 26
•89
•89
•89
90
90
•89
90
Do 4 p. c. debentures
90
90
*82% 83%
83% '82% 83% •82% 83
Do 5 p. c. pref. "A"..
83% •82
83% 81
39
39% 40% 39% 404 40% 41%
Do 4 p. c. pref. "B"..
39
40
39% 40
172%
169 4172%
173% 173% 180 Chicago Milw. & St. PauL
170% 173
170%173% 171% 174
190
190
190
190%
189%
pref
189%1904
192
Do
190
190 190 4 §190
•89
•81
39
Range
On basis
Week
Shares
Railroads.
•38
•67
01
the
OS
12
62
Jan 45% Sep
39% Jan 76% Nov
138 Feb 6 108% Jan 135% Sep
340 Apr 2 §230 Apr §355 Nov
91% May 2 67 Jan 90 Dec
159%Aug20 76 May 111% J'ne
154% Nov20 83 May 145 Dec
134% J'ly 23
174 Feo 5 150 May 177 J'ne
43 Jan 6 27 Jan 41 Nov
91% Mar22 79% Jan 93 Sep
31%Mar31 12% Jan 30 May
192 Apr29 1074 Mar 180 Nov
115 Apr 19 67% Jan 111% J'ly
127% Apr 28 101% Jan 124% Oct
84 Nov 1 15 May 364 Nov
139 Sep 12 49 Apr 94% Nov
35% Sep 10 15 Jan 35% Apr
69% Sep 10 37 May 68%Anr
125 % Sep 10 69 Jan 124% J'ne
122 Apr 2 2 §70 J'ne J 82 4 Nov
21% Sep 4 c 3% Jan 154 Oct
45% Marl8
168% Jan 2 139% Jan 174% Nov
57% Aug 8 16 May 57% Sep
124% Jan 27 97 Mai 120 Sep
100 Aug 7 47 Mai 95 Sep
255 Apr2S §206% Feb 217 J'ne
37% Sep 8 24 May 40% May
80% Oct 17 42 Jan 61% Nov
98 J'ly 23 82 Feb 92% Nov
81% Sep 20 52 Feb 78 Dec
106 Mar25 89 Feb 103% Dec
84% Sep 8 63 Jan 83 Nov
170 Sep 4 137 May 161% Apr
47%Apr 9 14% Jan 50 Sep
85 % Sep 10 33% Jan 94 Nov
24
93
72
57
88
Sep
s
105% Sep 4
128 Mayl4
Oct 10
Jan 14
Feb 6
1,195
900 24% NovlO
SOJ
Apr 2 2
71% Jan 3
84
78% Sep 3
904 Sep lo
80% Sep 11
48% Nuvl2
Sl%Nov21
125 Apr23
244 Aug29
81% Sep 19
42
Sep 2
Jan 86
Jan 81
Jan 113
24% Jan 58
J'ne
38
Dec
Deo
Dec
May 82% Dec
Jan 64 % Deo
97
Nov
60
7% Jan
1 1
2% Nov
55
Oct
154 J'ne
73% J'ne
17
Dec
36
J'ne
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
NEW YOBK
America
1|
..
•Ainer Exch.
(Astor
IBoweryli ...
Bid
545
Banks
555
f277%
750
325
1000
(Broadway
325
jButch's& Di 150 170
Central
tl86
. .
Bid
Ask City
Ask
t285
Colonial Tl ... 375
Columbia!! .. 350
Commerce... t320
Consolidated
C'rnExchge", 420
East River.. 155
Equitable ... 115
430
Bid
Banks
Ask
t235
425 435
Gallatin
Gansevoortll 140
500
Garfield
German Ami, 155
German Ex1| 350
German iali .. 600
350
Greenwich
Hamilton .. 170
Hanover
635
Imp ib Trad. 650
1|
Banks
Ask
Bid
Leather Mfr. 260
Liberty
650
Lincoln
1000
.Manhattan';. 325
Market <fc Fill 265
Mechanics'
290
Mech & Tra1 160
Mercantile .. 310
Merch Exch. 165
Merchants'.. 185
Metropnew 500
Mt Morrisli.. 190
.
Banks
Bid
Ask
Bid
600
Banks
280
Nassaufl
335
275
300
168
340
600 65o" Prod ExchU
Riverside", ..
1500
275 300
Seaboard
Second
350
340
Seventh
19th WardU. 150
Shoe it Leth.
North Amer. 230 240
state'
Northern
185
12th Ward'
Oriental"
205
23d Ward' ..
240
PaciticH
United
Park
620
135
New Amster
New York Co
N Y Nat Ex.
New York...
195
Plaza'i
.
Ask
165
300
600
650
L20
iso
700
135
.Century 1].... 175
10
Fulelityli
210
175
Chase
700
Fifth Aveli .. 3500 4000
Chatham
.HO 360
Fifth
130
140
375
125
Chemical
1300 1400 First
UnitedState.- .<50
2 75
770 790
240
People's!]
210
140"
Citizens
r.'l'5
200 210
14th Streets
Mutual!!..
Vforiok
275
130
200 300
Jetfersonll... 165
no Pheuix
» Bid and asked prices; no sales were made ou this day.
.sewstock.
1 dix rtgnw.
state hauKs. a i^x dividend and rignta.
i Less man 1JJ shares.
t Sale at Stock Exchange or at auction this week.
c Includes, prior to May 17, dealings in old Mex. Nat. trust receipts.
s trust Co. certificates.
1]
.
.
1
;
4
1
1
1
U
1
Stock Record— Concluded— Page 2
1130
STOCKS—HIGHEST AND LOWEST SALE PRICES
STOCKS
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Nov. 15
Nov. 17
Nov. 18
Nov. 19
Nov. SO
Nov. 21
72 4
71
*8l
73
'81
703s
83
704 704
26
614 634
61^ 63*2
31% 324
3214
91ia 92i2
41%
124
101
34
89i2
21 4
62 V
30%
43is
25
52
234 244
4734
*200
63
4834
%
651a
1
*3
4
33 34 34
•88
89
46
46
*90
97
•38
39
62
9%
37
52
101,
37
*89
92i?
44i4
24%
53
344
244
48% 48%
230
200
230
62 a4 63
62 34 63%
31 34 32%
92 4 92 4
200
53
230
54
225
60
10
104
36
104
38
126
1-2
79
87
230
4
• 125
184 184
214
II634 117
2734 28
81
81
6
344
884 S9 4
39
1034
38
17
60
28
92
*5 34
64
23% 24
43
434
924 93 4
>34
924
924 934
92 34
126 126
126
126
*97 100
*954100
98
115 117% 11641194 11634 118 34
117 117
118 118 11641184
*89
*89
94
94
94
§94
•160 163 {161 34 162 *160 169
12 14
12
14
12
14
.74
75
75
75
75
77
*87
88
884
874 89
92
218 227 220 220 *216 224
+ 10
10
10
11
8534 88 14
86
84
874 81
*125 130 125 130 125 130
19
20
194 194 18% 194
214 214
210 421334 209 213
*116 34ll74 117%118
117 117
29 14
29
28
234 27% 27%
82
81
81
81% 81% •80
*124
98
92 4
{1264126% *124 126
99
•954100
99
87
91
{89
89
•12
14
79
89
222
•10
14
75
•87
216
8234 84
130
19
19
125
65
*8
44
*8 4 10
•43 4 45
101 105
25
25 4
*91
944
10
44
25 14 25 s8
92 13 92 4
165
164 167
•115 125 *118
37 14
30
37
99%
99 100
....
58 4 5934
90
*90
91
•222 228 {228
34 14 3434
31
•87 4 881*
88 4
18 14 18 34
18%
7514
744 75
203
20 4
20=8
4
71
69
69
61
62 '4
61
+89%
•89% 92
54
64-2
38
13
•77
134
50
•125
6
501*
88
54
13"!.
•124
*76
50
180
1004
5934
228
84
'223
88
19%
75%
204
184
754
204
714 *70
63
93
834
88
4
89%
67 34
0^34
17
65
224
154 104 *16
+52
36% 37
83% 841*
61
»120
»200
88
190
200
160
115
374
94
166
119
37',
100%
574
904 90 4
99
56 34
604 60%
89
3
4
6
54% 50%
65% 57
35
39
•124 13 4
76
124
*77
80
12 4
J.89
12
125
12
4
80
132
124 124
12%
904
89
21 34
4 23
67 4 684
89'.
22%
674 68
17
53
53
40
134
60 4 50 4
22
*16
I:.',
i
50 4 50 4
36
374
84% 83% 844
62
63
62% 63
123 4 1234 120 125
84
8484
63
125
*120
*200 230
200 230
88 34
88 4 894
8884 89
190 *195 200 *195 205
'2(H)
210
2004 205
.
200
-
8
88
196
jiii
230
g
....
10
ig
*434 45
102 103
25% 25k
844
83
125
130
22
20
29
82
29
82
•44
•33% 34%
179 4 181
•174 184
•714 72 4
•57
65
•484 51
{87 4 87 4
•9
10
'44% 45
•lo_'4
25 4
lO'-' 1^
2734
94
93
93
163 1644 16334 163 34
115 120
119 121
37 4 39
39
1004 101% 3014 102
58
58
59
90 4 92 :mj 92
223 230 •223 228
34 34
35
354
834 884 •88
884
18%
De
illiscell
206,240
400
1,100
6,890
1,500
1,700
112
Do
9,650
3,380
1,160
3,280
2,090
..
pref
American
American Linseed
Do
pref
American Locomotive...
Do
pref
American Malting
Do
pref
Amer. Smelt'g
8,900
3,010
Refin'g.
<fe
Do
pref
American Snuff
Do pref
130
200
714
•85
72
63
93
"5
6
60
147,410
1,660
117
American Tel'gh & Cable
100
Amer. Teleph. <fe Teleg...
100
American Woolen
Do
d Anaconda Copper
Brooklyn Union Gas
runsw. Dock & C.Imp't
(Colorado Fuel<fc Iron...
J Do pref
CoL & Hock. Coal & Iron.
Consolidated Gas (N. Y.).
Continental Tobacco, pref
Corn Products
Do
pref
Diamond Match
76
22
72
•60
Power
Pump..
63
92
54
1>acific Mail
eop. Gas-L.<fc C. (Chic.)
Pressed Steel Car
pret
200
way Steel
Do pret
ail
spring...
Iron<fc Steel...
202
15 4 J an 18
78 4 Jan 16
Sloss-Sheltield St.
Do pref
&
205
204
st
;
1,700
172
9.77o
Oct 20
Apr 9
Mar20
32
.:.
I
1.;
10,31u
42
114
105,505
74,571
11,375
18 4
35
Jan
89
Oct
22
Apr
175
109
Apr
15
'4 3
.i
5
Aug28 {53
J'ne
Apr
Jan 100
7% May 16% May
69 4 May 83 34 Aug
12
4 Oct
Oct
76-V
Sep
1
M ay
51
J'ly
2
34
85
Jan
Jan
55
Apr
101%.\pr
Apr 2,8
9 lit!
72
.Mar
Apr 125
Aug
l!t'.» 34
l'eo
*130 Jan
Jan 100 4 May
81
145 Nov 180 Deo
10
ranis 233
.l:in
24
Oct
a,;
47
700
516 1*0
Apr
Dec
L8
65 Dec
19 4 Feb
05 4.7 an
1
,. Ply
89
225
Oct 20
Sep 6
Tan 24
pref
.'
Oct
-i
J'ne
494Nov
1204J'n«
52 Jan
764
400 1204 Jan 17
6,937
»Ct
83 Apr
384 May
90 May
41 4 Apr
86 34 Apr
84J'ne
Mat
34
49% Mar 76%J'ne
19 Jan 42 Apr
12 Apr 19%J'n«
do Apr 75 34 Deo
554
Feb 18
A pr 3
A pr
*
.
2
.Jau 18
J'ly
Jan 46 May
Jan 103% Not
Mar 254J'n«
Dec 93% J'ne
504Jau 14
Mai 24
35%Novl2 46 34 .Jan 7
Jan
Novl
2
7
82%
97»i
60
J'ne
J'ne
90
153
130
100
37
22
Jan
49% J'ne
74
^. p
14
610
Apr
104%J'n«
1004May
49 Nov
n
Sep lo
I
30 Novl4
64 4Novl4
J'ne
J'ne
8
30
69
4 Jan 289 34 Deo
184 Mov 28 Mar
69 Jan 814 Sep
I
79%.);ui 2
J'ne
894 J'ly
35 V J'ne
914 Jan
40 May
210 No*
45 Nov
83
1
Sep 26
Oct 2
17
Moyl9 59
160
Jan 2
97
84 Apr
Apr
35
35
i
.
800 35 J an 15
200 114NovlO
210 72 Jan li
1,900 10 4 May 12
{202 Deo
130 J'ne
.
•
West'gh'seEl&M tgassen
I
384 Oct
88 Feb
26 Mar
73 Apr
103 4 Dec
111 Dec
{94 Jan
174Feb2- 25% Apr 21
700 63 J*ly25 74% Mar22
1,300 294Jan 3
8ep 4
100 804 Miivl'.i 95 4 Se]l 9
400
4 Jan 10
Apr29
71
Apr 2 4
54% Nov
Iron
26 J'ne
49 34 Apr
Apr
1574 Nov 167% Sep
174 Jan 7 134 Mar 21% Jan
804 Sep 22 70 Mar 8234 J'ly
146 Feb 1 284 Deo 544 Apr
253 Aug28 175 Jan 228 Apr
14% Apr 23
8% Jan 14 34 Mar
1104 Apr 24 41% Jan 1364J'ne
{140 Mar26 1 1 6 Mar 142 4 Apr
25 4 J'ne
24% Oct 17 12
2303.1 Apr 25 187
Jan 238 Apr
126 4 J'ne 3 934 Jan 124 J'nt
38% Mar24
Mar25
Jan 2 127 4 Oct 152 4 Aug
7
5
Aug22
Jan 16
68
i
202
204
44 Feb
22 4 Dec
5,350
1
200
205
2
60% Mar
38 Mar
41% Mar
77 34 Mar
54 Jan 304 J'ly
31 Jan 66 J'ly
224 Aug 33% Nov
S3 38 Oct 914 Nov
i
Pullman Company
I
1
Oct
101 Oct 2
135 4 Mar31
122 Aug26
{96 Jan 7
186 Apr 4
'..
5,900
200
{784 784
Do pref
124 134 13% 14 U. S. Cast 1. Pipe & Foun.
47 4 53
Do pref
50% 54
125 132 {130 1314 United States Express...
123
124
States Leather
United
24
4
88 4 894
89
89 4
Do pref
22
22% 22% 24 U SRealtyAConstriu-t ion
684 68%
684 69%
Do pref
16
174 164 18 United States Rubber
+61
l>o
pref
52 4 54
55
364 37
36% 37% United States Steel
833
83% 814
Do pref
4 84%
63 4 a;63
6434 Virginia-Carolina Chein..
122 1":.
126
Do pref
*210 230
200 230
Wells. Fargo & Co
est'n
88%
894
1
135
Jna
22
25 34 Oct
62 Oct
1,110 148 Marl 7
Apr 21 133 J'ly
1,200 88 Jan 28 134
800 37 Novl5
MarlO 304 May
16,300 984 Jan 15 109 4
95 34 Jan
7,487 39 Jan 14
Oct 8
125 82%1'eb 4 964 )ct 25 72 4 Mar
92 215 Jan 13
Apr 29 1954 Jan
2,820 24 Apr 16
ep 19
1,025 80 Apr 1
Oct 31
6,200
1134 Sep
Ian 2
6
Standard Rope & Twine..
57% 58% Tenn. Coal. Iron & UK...
39 4 39% Texas Pacific Land Trust
•12 4 134 Union Bag& Paper
56
57%
39 4 394
•12 4
77
78
1004 J'ne23
4 Augl8
31% Augl9 39
40
pref
Do pref
4 76
23% Kubber Goods Mfg
72
Do pref
85
79
(
Brake
North American Co., new
V
38 4 Jan
Novl2 534 Mar 20
300 1024 NovlO 109 4 a pr 4
Xew York Air
1>
91 NovlO
40 4 Jan 2
85 Jan 13
113 Novll
115 Jan 2
84 MarlO
160% Jan 13"
1,000
pref
26 J'ne
46 4 J'ne
11% Jan
45 May
24 May
144 Jan
240 Oct
i
39%Novl2 49% Mav26
l
National Lead
Do
11 4 Jan
2334 Jan
;
300
NovlO
472 704 Oct
.Jan 7
600 55 J'ne 4 199 Apr 29
300 47 Jan 2 57 4
50 87 4 Jan 13 95
2
>ct
100
9 Oct 18 19 Aiir'J 1
Manhattan Beach
National Biscuit
Do
An<?13
4,277 ol704O«-t IS 334
Inlernat'l Steam
i>u
pref
Do
J'Iy30
80%J'ly30
39
SO
2 £145 Jan
Feb 1 60 4 Dec
84 Apr 14 14 Sep
4 Nov 17 264 Apr 14 10 Sep
284 Apr 11 37% Oct 3 19 Jan
854 Jan 14 93% Oct 31 67 Jan
304JanlO 57 34 Apr 28 24 Mar
86 Feb 3 994 Apr 2 3 85 Apr
324 Jan 14 42% May 2 32 Oct
210 Jan 13 265 Aug28 {169 Jan
394 Jan 9 624 Aug21 39 34 Dec
9% Sep 11 13% Oct 21
36 Novlo 43 4 Sep 26
392
818
Distill. Co. of Am.,tr recta.
Do pref., tr rects
General Electric
International Paper
Do pref
International
UP8 J'lyll
53 Novl4
%Nov 5
1234 J'ne
300 73 Apr 23
2,700 d83 Novlo
150 210 Jan 4
100 10 Jan 13
66,800 73 34 Aug22
{130 Jan 29
3,025 14% Jan 16
15,070 209 Novll)
1.2 60 115
Jan 2
2,354 27 J'lylS
1,126 80 Novl 4
1304 Jan 13
pref
90
Highest
4 Jan 564 Deo
75 J'ly 88 Mar
53 4 Jan 764 J'ne
16 May 39 4 Apr
414 Jan 71 J'ne
29 May 63% J'ne
18 Jan 35% J'ne
674 Jan 94% Nov
234 Jan 52% May
117 May 129 4 Jan
10 34 Feb 25 4 May
28 May 394 May
65 34 Jan 109% Deo
147 Apr 160 Nov
76 May 133 May
81% Jan 994 May
21
94J'lyll 31% Jan 2
32 J'lylO 67 Jan 3
100 15 Jan 14 28 Apr 30
41 Novl2 58 Marl7
7,920 26 Novl2 36% Apr29
2,380 89 Jan 3 1004 Apr 29
100
5 Jan 2o
74 May26
1,500 21 Jan 20 29 Sep 5
Ice.............
pref
194 19% Republic
19
754
214 244
75
6
38
36% 874
84
62 34
62
125
230
254 25%
99
6:!
14
124 13
5034 6034
50
50
126 126 +126 133
88
•85
-8
10
41
44
102 4 1024
+223 228
35
3434 •34
8-4
88 14
194 184 19
74% 754
75 4
204 204 22
70 72
72
*5
13
123.,
51
8.1',
131..
12%
5i
»i;04
6
12=8
21 Hi '-;'•>
65 14 684
344
4.
*67
23i>
88 4
12
60
50
93
574 58%
5924 924
91%
56 4 674
•35
38
79
131*
165
122
39
*85
9
9
44
44
+ 102
105
25 4 25%
•91
94
163 166 4
•118 122
38
38 4
99% 100 4
60
•48
76
89% 91
{224 224
284 28 34
804 81%
64
60
48
90
&
Express
American Express
American Grass Twine
Amer Hide & Leather
76
2114 2134 2124215%
1164118
11841184
18
71 Hj
60
48
Adams
tor Previou*
Year (1901)
Lowest
854J'ly31
Sep 9
58 Jan 27 814 Sep 10
31 Novl9 41%Aug21
91 NovlO 984Aprlo
90 May22 924J'lyl9
43,750 37 4 Jan 15 54 34 Sep 3
830 122 Jan 8 134 Feb 7
130 324Novl8 38 Sep 11
5,llo 18 4 Jan 21 334 Oct 24
4,020 35 Jan 15 49 34 Sep 2
2,435 107 Jan 20 129 Aug25
1564 Aug 5 1594 Feb 18
284.815 984 Nov 19 1134Aug26
9,380 86% Mar 6 95 An S 29
100 20 4Novl3 24 7d Oct 27
400 61 Oct
66 Nov 1
14,700 21 34 Jan 14 38% Sep 10
15,050 41 4 Jan 13 54 4 Sep 10
3,350 17 Jan 27 304 Sep 9
600 494 Jan 27 66 Apr 29
1,450 28 Jan 14 42% Sep 10
6,800 19 4 Jan 3o 31 Aug20
3,650 39 4 Jan 24 57% Aug29
11841204 11941214 Amerioan Sugar Refining
117 118
117 117
Do pref
178
65
48 34
91% 93
93
5
*00
4834
& Light
4,400
3,150
7,400
180,240
51,800
4,410
3434 American Car & Foundry
904
Do pref
47 American Cotton Oil...
95
Do pref
39 American Dist.Telegraph
34
90
*92
97
39
323.
182
230
Range
Highest
55% Jan 2
81 Novl2
70 Novl2
24% Mar 6
554 Mar 6
540
57% 60
malganiated Copper...
Bicycle
51% 101% American
Do pref
34
414
44
4% 4% •44 5
44 44
33
334 34 34 33 34 344 33
344 344
176 177
179 180
1794 178 179
»1734 18
+ 18
18
18
184 184
184 18
73
714 {72 4 7214 +714 72 4 *72
724 724
»4
*32
176
Industrial
200
554 584
14 1%
46
46% 464
•90
92
97
$91
34 39 •34
39
240 220 240 *220 245 *228 245
484 49
49% 50
484 60
48% 49
1034 11
10
104
10
104 10
104
36
36
37
37
37
374 37
374
104 10% 104 10% 10% 10 34
10 4 10 34
38
38
374 38
374 374 374 38
15 20 174 20 •15 20
*16
20
*41
+42
41 45 •41 45
45
45
27
27 34
274 27% 274 27%
27% 27
9034 92
91
91
904 904 904 91
3
*6
64 *534 64 •6 34 6
6
6
4
2234 22 34 *224 234
234 234
234 24
4234 43
44
43
44
434 44
44
*92
*34
*225
97
39
245
61
230
*200
55%
14 1%
644 66%
lor year 1902
or 100-share lots
Lowest
7,300
71
Do 2d pref
27% 29 St. Louis Southwestern..
Do pref
634 644
63 4 65% Southern Pacific Co
32% 33 4 Southernv.tr. cfs. stmped
9238 92%
Do pref.
do
274 274
1% 1%
43.
5
5
44 434
334 33 34
344 34
34
^8 90
88% 834 '884 89
46
464
46
46
464 45
*124
*9% 10%
212
55
35
64% 664
li4
1%
17
83 4 85
130
65
304
30-?
82
Shares
Louis* San Fran
Do lstpref
St.
Mange
On basis
LXXT.
Week,
EXCHANGE
Toledo Railways
99% 1014
894 90
214
43 4
24
63
34
24
82
70
the
294 294 294 294 29% 304 Tol. St. L. & W. v. tr. ctfs
46% 46% 464 46% 464 474
Do pref. vot. tr. ctfs.
11441144 11441144 115 117 Twin City Rapid Transit.
Do pref
984 100% 99% 101
100% 1024 Union Pacific
90
92
Do pref
894 90
894 90
20 214 20 214 224 224 UnitRysInv'tof SanFran
62% 634 *62 34 65 624 65
Do pref
29% 304 304 30 34 30% 314 Wabash
42 34 444
Do pref
43% 444 4434 45
24
25
254 25 34 2534 25% Wheeling & Lake Erie.
62 55 •53 56
534 55
Do lstpref
344 35
354
354 354 35
Do 2d pref
233, 24%
244 2434 24% 26 Wisconsin Cent. v. tr. cfs.
4834
49
48
484 48
60
Do pref. vot. tr. ctfs.
*20
344
2414 244
484 48%
*40
27
92
116
94
324 324
294 294
65
73%
Sales 01
STOCK
904
904.--.
904--..
M. <fe O. stocktr. ctfs...
41
424 41% 434 434 414 r Pexas & Pacific
A hird Avenue (N. Y.)...
125 128
1244127 125 127
4234
41 % 42%
125 *123 125
304 30%
434 444
24% 25
17
134 134
•75
87
*218
*6234
50
*954 100
1144 1153
116
,
92
*904
10041014
90
904
*20
214
•34
{89 34 8934
61-2
*6
23 % 25
43
42
124
45
114
90
26% 27 V
924
32%
72
73
81
814
a;70% 71
4
34
104 104
37% 37%
•15
•40
6334
32 3
92
62
32%
82
7034 71%
264 26 34
614 63
614 634
31
324
91% 92\
4634
464 464
114 {114% 114 34
•200
230
{82
274 274
62
634
29% 29 34
*52
34i*
704 72
8S
72
71
34
'
29
29 34
47
47
11318114
894
§80%
*91
40 34 41 %
«125 125
99
83
71%
924 93
*904
*20
62 4
29
42 H»
23
52
72
27 4 274
63
63
624 63 %
27
724
74
72 34
NEW YORK
[Yol.
Apr
8
9 157
Nor 1^7
Deo
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Washingt'nH 200
Wa.sh.ll'ht.sli 200
WestSidell.. 690
Western
600
Yorkvillell .. 375
BROOKLYN
Bedlordll
....
Broad wayll.. 300
1
1
Banks
325 350
220 4
Nassau
350
200
..
130
..
75
1
1
i.'ity
North Side!
)
10
190
Spragne
206
130
200
26th Wanlli
135
1
•
ople'sTl
17th Ward!
CITY
Atlantic Tr.. 290 295
Bowl'gGreen I210
K ayTr. tl56
N. Y.
Manufactrs'
\i eohaniosH
Merchants'.
.
Ask
Bid
BROOKLYN
%
225
BoroughU.... 100
Brooklynll
81
Ward]]
Ask
C'IR'tyB&Tr 725
.1
Tr'sl
(
1
870
mental. 660
11 Tr.. 180
Jolonial
!on(
1
Jitd
Guaranty Tr 725 760
Guardian Tr t200
175
'rb'k'i
800
tnooln Tr...
loo
K nu'k
410
377
1
Empire state 11B84
5th Avenue^ 120
UnionH
140 160
F.quitableTr 475
Pirst
Wallabout.11
360
105
Exchang'e Tr
* Bid and asked prices; no sales on this day.
i Less than 100 shares,
t
1 Sale at Stock Exohan s?e or at, auction this week.
Ex stock dividend.
480
1
McV'ok'rlUy 275
\i rahattan .. 500
685
185
As*
1
735
tliill
City Trust... 385
Bid A ski Trust t'o'->
Trust Co's Bid Ask
1CI.YN
Farm Lo&Tr 160 1490 NYLife&Tr 1175
Fifth Ave Tr 600
645
L350 1390 Brooklyn Tr
\i
ercantile
..
EstTr't 425
StaudanlTr't too
Tr Co of Am. 300
TrCoot Kpbe 165
Union Trust
825
1
1
5
280
CTSM1
1100
Tint States
Merchants'..
m etropolitan 7oo
MortonTrust
Mut.Allianee 270
Ex rights, d Beginning
* Trust Co. oortiiicates.
1
1
i
1
"I
1
120
;
Indsor
1
Banks
1
302
170
1700 L750
255
2 15
Washington
Plat bo
Franklin
185
Van NMenTr
\s
1
300
North
Lamllton
00
-
L
1 81
I
400
220
847
'a
Williamsb'g. 236
MiUiuf.ict'rs.
130
1
240
240
qnoi ed per oent instead 01 dollars per share.
marked witti a p; aragrapb (U) ire suite banks.
6
11
'
.
New York
Stock
—
1
Exchange— Bond
9
Weekly and Yearly
Record, Friday,
OCCUPYING FOUR PAGEBONDS
trice
STOCK EXCHANGE
Wbek Ending xov 21
Week's
Range
Friday
Nov 21
N. Y.
3 o
Last nale
Ask Low
Bid
D. S. Government
V S 2s oonsolregistered.<fl930
<ii93o
U S2sooD8ol ooupon
XT S 2s consol reg suiaU..dl930
V S 2s cousoleoupsuiall.cnOoO
fcl918
S 3s registered
33 j;
108
108
109
1084
109
108
107
1064....
108 <%
108
J'ne'02
108*4 Oct '02
10941104 109^
110
1094 1101a 111 Oct '02
135 4136 4 137 Sep '02
13541364 137% Oct '02
104 105 105 '4 Sep '02
104 105
105
105
Foreign Government
.
.
.
FA
.
.
95 4 Feb '02
four
marks
98% Aug'02
n
ices
the b
104% Sep '02
1094 Oct '00
1024Mar'02
Mar'02
Oct '01
1064 Oct '02
109 4Feb'9'J
111
126
104
104
1364J'lv'ol
120 Mar'00
95 34 Oct '02
94 4 Oct '02
98 4 Oct '02
12
12
Railroad
1995
Stamped
AO
M99 Nov
Xov
k 199 M-N
6s. .1915 M-S
4 Sale 95
1% sale 1014
97
lo
'90%
20
903,
91
95
MO
LOO
50
904
91
100
105 34
1054
90% 97
93 4 94 34
90 4 95%
94 4 Apr '02
I™
J-D
4
Nov'02
101
904 91
97
101% 366
72
11441144
114 4 Oct '02
(
J-J
95
A-O
100%
Sale
04
111
""""964 894
944
89
95
Sale
Registered
7tl025 Q-J
Monou Riv 1st gu e 5s. .1919 F-A *110
Cen Ohio R 1st cg44s.. 1930 M-S 107
nee X Y C & II
(Jar nee Illinois Cent
Montauk nee Bong I
West nee Sav Fl &
Vii! Brie nee Erie
Beech Creek
Buffalo
Buffalo
100%
1
93
974
96 4 97
1014 304 99% 105
Sep '02
102 104
lol 118
Oct '02
93 4
89 4
89
95
95
95 120 95 101
89
89% 77 884 91%
90 4 J'ly'02
90 4 904
1144J'ne'02
U44H44
108 Sep '02
108 108
W
N
R ifc P geu g 5s.. .1937 M-S
.117
All<fc West 1st g 48 gU.. 1998 A-O
Cl<fc Mall 1st gu g5s
1943 J-J
Roch & Pitts 1st g 6s. ..1921 F-A *126 127 4
Consol 1st g 6s
1922 J-D 1254....
Buffalo & Southwest nee Brie
Buff & Susq lstref g 4a.dl951 J-J
Registered
dl951 J-J
Bur Cedar B <fc Xo 1st js.1900 J-D 104% 105 4
Con 1st & col trust g 5s.. 1934 A-O 1214.--.
1934 A-O
Registered
CR IF&X
Wlstgu5s.l921
M& StBlstgu
g7s
1027
A-O
J-D
1908 J-J
'2d 5s
1913 WI-S
Registered
1913 M-S
Carb 6a Shawn nee 111 Cent
Carolina Ceut neeSc-Ab&, Roan
Carthage <fe Ad nee N V C Ac H
Clanada South 1st 5s
Oct '02
116
116
128
125 34
1304
1294
103
102
103
J'ne'02
104»4 Oct '02
103 41064
Nov'02
1244 1264
124% 124 34
122
124% Feb '02
114
Jan
118
105% Sale 105%
108
Sale
1194
103 Apr'97
130 May'02
125 34 Oct '02
108
107
118
'02
118
104% lo" 4
106
108
Aug'01
107
111
KlaF&N
nee B C R & N
Cen Branch U P 1st g 4s... 1948 J-D * 93
954 93 J'ne'02
Cen Branch Ry nee Mo Pac
Central Ohio nee Balti & Ohio
Cen
Bof Ga col g 5s 1937 M-N 107 % 108 108
108
Cent of Ga RK 1st g 5s.. #1945 F-A 122
21% Oct '02
Ced
50
Apr'02
97
c^-J
W
&
944
Sale
U.-J
M-S
PJun&M Divlstg34sl925 .UN
Registered
pl925 y-F
PBE&
Va Sys ret 4si 94 M-N
Southw Div 1st g34s... 1925 J-J
Bklyu <fc
Bruus &
RR&
Registered
pl94o
Consol gold 5s
1945
Registered
1945
Istpref income g 5s
pl945
2dpref income g 5s
pl945
3d pref income g 5a
#1945
Chatt Div pttrmon g 4s. 1951
Mac & Nor Div 1st g 58.1946
Mid Ga<fc Atl Div 5s
1047
Mobile Div 1st g 5s
1946
Coat of N J geu'i gold 5s. 1987
Registered
A.1987
Am Dock Ac Imp gu 5a. .1921
Be & Hud R gen gu g 5s 1920
.
F-A
M-N
M-N
Oct
Oct
Oct
J-D
st
By
1st con g 5s. 1905
Q-J
J-J
J-J
St
1014Nov'02
101
107 4 Sale
75
35
25
Sale
37
27
904
93
95
112
115
112
1184
1
10 106 4109 34
1194123
106% 107'4 47 1064113 4
105 4 Sep >01
1
8
121
ib*5*"
Sale" 10-14
112
1099
114
:!
4
1 1
Nov
2
103
jo V
•a L03 4Nov
99 Oct
108 4
99
82%
79%
J'ue '01
10
Apr
103
Low
High,
105 106
lol 4 105
,
1)2
10241044
824 88
so
",
1114.
114% Aug'02
L03
103
118
Sale
.
Mar'02
123
Nov'02
130
132
1174
1174
106 4110
116 122
111 114
138 4139%
120 120 4
12434 124 34
123 125
1324
126
113
117
113% 115
1824196
May'02
1944 Oct '02
115
1
113
10741U4
9934 100
.,
12-1%
106
103
1124 1124
139% J'ly'02
120 4 120 3
137%
1204 sale
1174
1124. ...
11441164
15
10634 10634
117 Nov'02
124
132
102% 1064
1004 103 4
10 98 1034
Mar'02
100
86
9
83% 83%
Oct '02
1074 1074
1094 Aug'01
107
100
102%.T'ly'02
82 4 Nov'02
104% Apr '00
101 Nov'02
984 98
98
1
98
(.2
101
'
IOS41I6
103 105%
02
83 34 Apr '02
104
104
'"99'.'
85 10441104
01
1
104
.
115
117
1234
10641064
794
10 7%.
112
111
118
1064 Oct 02
Sale
98
134Nov'02
4
115
112
113
1054 Feb' 98
3
104 4 Jan '02
1104117
L204 Mar'02
1204120 4
118% 124%
1144 US
113 34 113
lis
120
116
119 4 Sak
W
1
M
104%
104 34
Ashland Div 1st g 6s. .1925
Mich Div IstgOs
1924
Convertible deb 5s
1907
Incomes
1911
Chic Rock Isl <fe Pac 6s. ..1917
Registered
1917
General gold 4s
1988
Registered
1988
C
M
117
109
LI 5
.Mar'02
110
1154
115
118%
,
Sale
1
ls%
120% 124
107% 1104
182 4 1914
116 119
1084 1 09 4
114 1174
113 34 115
118%
1164 1214
Mar'02
115 117
120 4 123%
134 14J
112
117
1204
121.4 Aug'02
135
135
134
103
103
Oct '02
107% Oct '02
100% Oct '02
L024 1024
103 Xov'98
101% 104%
1014 104
107
1074
1063* 106%
1024 106%
115 4 J'ly'02
115
103
102
106
'
i~05"
110
114
i'l'44;;!;!
112 4..
106 4..
1134
130%
124
10634
108
118 4
114
1064 iio"
i05 4 1094
Xov'02
Oct '01
Nov'02
Oct
125
1184124
118% Nov'02
123
May'01
106
10s
107
Nov'02
Oct '02
Oct '02
1084
12/% 131
1054 113%
108%
14 Apr '02
100% J'ly'02
74
36
97
93
93
96
97
99
132
128
108%
85 J4 sale
107
1104 110%
109 112
100 4 100%
11
99% J'ne'02
994 J'ly'02
99% j'ne'02
853,
83 4
1004
1424142 4
139 4 1 3934
Oct '02
129
106
123 41284
Feb '02
Jan '02
ao4
107 4 Feb '01
1144116% 114% Sep '02
128%
L28% 128 34
4 2'..
139-4
126
IC6
108
107
116% 1194
133 137%
133 Oct '02
123 4 Oct '02
1
1184
114
'ol
1164 J'ne'02
1304
136%
118
Oct '00
111
1064 100 4
107% May '01
106 4.
1905
lst24s
754 124 74
894
1905
Extension 4s
364 30 324 444
1905
Keok<fe DesMlst 5s ...1923
254
26
39 184 31
92 Aug'02
91=4 93% Chiccfe St B nee Atcli T
Sa le
108 4 Sep '02
10841084 Chic St B & N O nee 111 Cent
Chic St B
102 J'ne'99
Pitts nee Penn Co
112t Apr'02
100 1124 Chic St P M & O con 6s. ..1930
Ch St P & Minn lstg 6s 1918
1364 136% 32 132 141
109
115
'02
Sep '02
Oct '02
Sep '02
H5 34
1124
1914 Oct
1910
1915
1916
4s. .2002
2002
Registered
Des
& Ft D 1st 4s
116%121%
1194 1194
1124 Oct '02
L374 J'ly'99
I
4s ...1905
H4s
M4s
X4s
Chic R I & Pac RR
'02
Oct '02
12041234 ;_
Oct '02
10S4
107% Aug'02
1
Winona <fc St Pet 2d 7s. .1907
Mil B S & West 1st g 6s 1921
Ext<fc Imp sfund gos 1929
4 Oct
121
116
1134
1334
North Illinois 1st 5s
1910
Oft C F & St Paul 1st 5s 1909
Coll trust Series
...
Mav 02
Nov 02
Xov •02
109% 113 4 112
el989
Chic& BSuDivg5s
1923
ChiCcfe MoRiv Div 5s... 1920
Chiccfe Pac Div 6s
1910
1921
Chic& P
lstgos
Dak & Gt So g 5s
1916
Far & Sou assu g 6s
1924
1910
HastJc DDivlst7s
1910
1st 5s
I& D Exten 1st 7s
1908
BaCrosse&D 1st 5s
1919
Mineral Point Div 5s
1910
So Minn Div 1st 6s
1910
Southwest Div 1st 6s
1909
92
Wis & Minn Div g 5s
Mil <fe No 1st
B 6s. ...1910
1913
1st consol 6s
Chic & North w cons 7s
1915
Gold 7s
1902
Registered
1902
Extension 4s
1886-1926
1886-1920
Registered
General gold 34s
1987
Registered
nl987
Sinking fund 6s. ..1879-1929
Registered
1879-1929
Sinking fund 5s. ..1879-1929
Registered
1879-1929
Debenture 5s
1909
Registered
1909
Debenture 5s
1921
Registered
1921
Sinking fund deb 5s
1933
Registered
1933
Des Mo & Minn 1st 7s.. 1907
Milwdfc Madison Ist6s..l905
1(141)
99%
99%
994
82 4
99%
994
99%
85%
98
99%
914 93
4 May'02
93
Dec. '00
1094 1104
1104Apr'0
<jc
136% 137
134
114
i;m
;i
.
Oct
'02
L31
1134 Nov'02
1394
112% 115
Nor Wisconsin
St
P&
1st f.s. ..1930
S City 1st g 6s.. .1919
A-O 102%
J-J
J-J
102
110
114
109
MX *100
F-A
F-A
101 4 Sale
86
87
103
100 34
86
Nov'02
Jan '99
May'02
Sep '02
102
1064
1014 107 1OO4105
87
loo
34
,-6
J-D
J-J
....
1104 Met St
1124 114
J-J
J-J
1384 Sale 1384
136
*
"137
126
Chicago Ter Trans g4s.,.1947
994 99% Oct
98
'02
95
j'ne'00
103
Nov'01
on Next
Ry— rCon;Ref g 4s2002
Col&9thAvlstgu g 5s. 1993
Bex Av & P F 1st gu g 5s 1903
Third Ave RR con gu 4s 201
Third Ave Ry 1st g 5s. .1937
>l
95
121
9S%
1
121
109
86
130%
90%
<«us and Electric Light
Atlanta G L Co lstg 5s.. .191 7
Bos V Has ti cms s f g 58.19
Bklyn U Gas 1st con g 5S.1945
96% 99
1204
Sale
^'-44
124
Nov'02
120
98%
1204
106
110
1204
1
98%
131
121
97 101%
1204127
101
Oct '99
lol
103
J'ne'02
110
110
1144 1144Nov'01
1
1937
5s.. 1945
Chic St 40-yr 1st cur 5s. 192S
40-year consol gold 5s. ..1936
1
125 4
87
101
Guaranteed eoldos
Union El (Chic) 1st g
Mar'9s
126%
S7
964 96% Nov'02
121
109
W
109
138 4
137 4 140
126%
87
141%
'0-
'02
I'ase.
Met WS El (Chic) 1st g4s. 1938
Mil El Ry & B 30-yr g 5s. 1926
Minn St Ry 1st con g 5s.. 1919
99% st Paul City Cab con g 5s. 937
93
137 4142
1384
1384 Oct
4 Sep
137
Railway
Ry 1st g 6s„1913 J-J
Ry gen col tr g 5a 1997 b'-A 1174118 1174 1174
16 3* 122
.pwayas
Bway<fe7thAvlstcg5s
iu i AVistcgos lt)43
1943 .J-D
J-D 119
119 Nov'02
117 4119%
•No price Friday; latest price this week, a Due Jan d Due Apr e Due May j/Duej'ne /iDueJ'ly
Met
1/0
Registered
Street
Gr Rapids By 1 si g 5s...ol91 J-D
Boms Ry Co 1st con gas. .1930 J-J
Market St
High
Mar'02
106
si nee
January 1
nale
<to
Den Con Tr Co 1st g 5s. ..1933 A-O
Den 'Pram Co con g 6s. .1910 J-J
Met Ry Co 1st nu g 6s.. 191 J-J
Det Cit
102
Chic ln<fe Lotiisv ret 6S...1947
1947
Refunding gold 5s
Bouisv
& Ch 1st 6s. 1910
Chic Mil <fc St Paul cou 7s 1905
Terminal gold 58
1914
General e 4s series A..el989
Registered
<?1989
General g 34s series B.el989
MISCELLANEOUS BONOS—Continued
Street Railway
Brooklyn Rap Tr g 5s
1945
Atl Av Bklyu imp g 5s.. 1934
BkCity lstcon os.l'i., 1941
Bk Q Co & S con gu g 5s. 1941
Bklyn Un El 1st g 4-5S.1950
Kings Co El Istg4s....l949
Nassau Elec <ru g 4s
195]
City <fc .S Ry Ball 1st g 08.1922
ConnRy& 1, Lst<6 refg44s'53
Ask Low
Bid
(Continued)
J^ast
:,
W
Belle v
NJ
Beh<fcWilksB Coal 5s.. 1912
</1910
Con ext guar 44s
N Y & Bong Br gen g 4s 1941
XA
/
CUic <& St Eouis 1st
Atl Knox it Nor 1st g 58.. 1946
Atlanta & Dauv nee .South Ry
Atlanta & Yadk See South Ry
Austin ct X
i'eciSoii Pacific
Creek & 8 nee Mich lent
Bat
alt <ic Ohio prior lg34s.l 925
Registered
fcl925
Gold 4s
/U04S
Registered
h.1948
Conv deb 4s
loll
Central of
Nov 21
Range
Is
Range or
J^ridau
Cent Pacific See So Pacific 'o
1930
Charles & Sav 1st g 7s
105% 1094 Ches& Ohio g 6s ser A.. Moos
1911
a
Gold 6s
105% 110
193
107 107
1st consul g 5s
1939
Registered
106% 1094
37 107% 1124
1992
General gold 44s
10- 4 113
1992
Registered
1940
132 1394
Craig VaUey lstg 5s
3
137 4 139 34
R<fe A Div Istcong4s..l9.so
105 14 1064
1989
2d consol g4s
10 104 1064
Warm Spr Val 1st g 5s.. 1941
Greenbrier Ry 1st gu g 4s '40
Chic <fe Alt RR s fund 6s. .1903
1949
94 34 95 4
Refunding g 3s
to
tie do liar.
Railway 1st lien 34S-..1950
96 100
Registered
1950
asis 01 $5 to £.
Chic Bur & Q consol 7s.. .1903
1905
Chic<& Iowa Div 5s
1922
104% 107
Denver Div 4s
1949
Illinois Div 34s
loin
H124IO24
Registered
111 111
Iowa Div sink fund 5s. .1919
1919
Sinking fund 4s
106 107
Nebraska Exteusion 4s. 1927
1927
Registered
1921
Southwestern Div 4s
104 1044
Joint bonds See Great North
Debenture 5s
1913
Han & St Jos consol (is. .1911
954 96% Clnc&E 111 1st sf cur 6s. 1907
1934
94
95
1st consol g 6s
1937
954 9934
General consol 1st 5s
Registered
1937
Id
Chic <fe Ind C Ky 1st 5s. 1936
15%
Chicago ifc Erie nee Erie
l
Registered
Registered
10S34 109%
107 34 109%
A
Midi
Albany &Sus(]
Adjustment g 4s
JJ igh
Ry
\V
*«e sav Fl;i
nee Del <£:. ml
Allegheny Valley nee Venn KH
Alleg <fc West See Bun B 6) P
Ainboek&lin nee Cent of Is' J
Ann Arbor 1st g 4s
/<1995 q-j
Atcli T do S Fe gen g 4s. ..1095 A-O
la ba
January 1
Week's
J*rice
stock exchange
Week Ending Nov 21
n. y.
(
M-S
934-.-.
Frankiort-on-Main 3 4s ser 1
These are price S on the basis 01
U S of Mexico 8 t g f.s of 1399 Q-J 95 ....
V hese are pr
State Securities
Alabama class A 4 to 5
1906 J-J 106%
Class B5s
1906 J-J 106%
190(3 J-J
Class C 4s
1014.
1920 J-J 107
Currency funding 4s
1234.
Diet of Colombia 3*65s
1924
Louisiana new consul 4s.. 1914 J-J 104
Small
Missouri tuu ding
1894-1995
North Carolina consul 4s. 1910
1064.
132
£g
1919
So Carolina 4%8 20-4(L"I!l933
Tenu new settlement 3s. .1913
964.
Small
Virginia fund debt 2-3S...1991
99
Registered
'.*•••• 134
6s deferred Brown Bros ctfs.
See So
Since
High Ac Low
10841094 108% Aug'02
108 'slog's 10S 34 Nov'02
V
fcl918
USSscoupuii
V s 3s reg small bonus.. kl 918
U S 3s cou small bonds. ./.191S
M907
U S4s registered
M907
U S 4s ooupon
1925
V S 4s registered
1925
U S 48 coupon
1904
U 8 5s registered
1904
S
5s
coupon
U
Alabama Cent
BONOS
Range
or
4 Dec '99
"99"
Dec"' '.'7
91% Oct
116
& Due Aug
p Due Xov
'91
110
1
1154120%
yOue Deo sOption
sale
7
1
1
1
.
Bond Record— Continued— Page
1132
bonds
STOCK EXCHANGE
5 a.
Week Ending Nov 21
K. Y.
Price
Ween's
Friday
Nov 21
Range or
12
©o
Last Sale
aico
;
2
BONDS
Range
STOCK EXCHANGE
Week Endino Nov 21
N. Y.
Since
Januani
1
LXXV.
[Vol.
Range
Price
Week's
Friday
Nov 21
Range or
Since
o
Last Sale
January 1
High No Low High
Bid
Ask Low
High Ao Low High
Bid
A sic Low
Fla Cen & Pen 1st g 5s... 1918 J-J 106
West Ind sen g Os q\ 932 Q-M 116 34Sale 116 34 1163.4 In 11634 119
100 Sep 00
3
Apr
'02
109
109
109
West
107
1st
land
1
tic&
ic<fc
Mich Ry 5s.. 1921 J-D
%
gr ext gold 5s.. 1930 J-J
03 4
114*2 May'02
108
105 114*2
106*2 Feb '02
Consol gold 5a
106*2 106%
oc Ok & G gen g 5s
.olt'19 J-J
1943 J-J 106*2.
111*2 Dee'01
Fort St U D Co 1st g 4*28.1941 J J
105 Mar'98
l H <fe D consol s f 7s. ..1905 A-O
113
Oct
'00
Ft Wcfe Den C 1st g 6s
78 106 116%
2d gold 4*28
1937 J-J
1921 J-D 114 Sale 112*2 114
14
114 34 J'ly'02
113 34 115*2 Ft
87 Sale
86*4
Cin D<fe I 1st gug5s...l941 M-N 113»4
Rio Gr 1st g 3-48.1928 J-J
87
86% 92%
I 4.al Har
C I St L & C See C C O <fe St L
S A See So Pac Co
*T
a iH& Hofl8821st5s.l913 A-O 101*2.
102 Nov'02
Gill S & C See C C C St L
102 IO6I4
Ga & Ala Ry 1st con 5s..ol945 J-J Ill
Olearileld & Man See B R
P
112 Sep '02
112 112
GaCar& No 1st gn g 5s.. 1929 J-J 110*2.
Cleveland Cm Chic <fe St Louis
112 Sep '02
109%112
100 104% Georgia Pacific See So Ry
General g 4s
1993 J-D 101 *2 Sale 101% 102
'02
101*2
Oct
103*2 102
Gila V G <fc Nor See So Pac Co
1939 J.J 100%
Cairo Blv 1st gold 4s
101*2Nov'02
100 10334 Gonv & Oswegat See N Y Cent
Cin W<& M Div 1st g 48.1991 J-J 100*2
102
103 102
101% 10434 Grand Rap <fe Ind SeePenn RR
St L Div 1st col tr g 4s.. 1990 M-N
103 Oct '02
103 103
Gray's Pt Term See St L S W
1990 M-N
Registered
100 J'ne'01
95 34 Sale
Gt Nor— C B <fe Q coll tr4s 1921 J-J
95% 9534 596 9434 97%
Spr & Col Div 1st g 4s. .1940 MS
83 Nov'99
Greenbrier Ry See Ches <ft O
Val Div 1st g 4s... 1940 J-J
C I St L & C consol 6s.. 1920 M-N
Gulf&SIlstref<fetg5s 61952 J-J
10238 Oct '02
102 106
fcl936 Q-r 101
1st gold 4s
Han & St Jo See C B <fe Q
.
.
. .
W
.
<fe
<fc
<fc
.
WW
.
fcl936
Registered
S<fc CI con 1st g 5s. .1928
1914
CCC<fe I consol 7s
Consol sink fund 7s
1914
General consol gold 6s. 1934
Registered
1934
Ind Bl &
1st pref 4s. 1940
OInd&
lstpf 5s...dl93R
Peo<fc East 1st con 4s. ..1940
Income 4s
1990
CI Lor & Whoon 1st g 5s. 1933
Clev & Marietta SeePenn RR
Clev«fc Mahon Val g 5s... 1938
Registered
1938
Cin
WW
Q-F
J-J
J-D
J-D
J-J
J-J
M
M
Dak A &
Del Lack <fe Western 7s... 1907
Morris & Essex Ist7s...l914
1st consol guar 7s
1915
Registered
1915
lstrel'gug3*2S
2000
NY Lack<fe W 1st 6s. ..1921
Construction 5s
Term
J-J
122%.
78
80
92
4
99
78
116*4 Aug'02
98 102
72
82*2
114*2116*2
128
127*2 128
J'ne'02
80
91
80*2
80
91
80*2
Sale
92
M-S 115
M-N 132%
Nov'02
115
.
Sep
Oct
137
140
J-J *133
115%Aug'02
.
,
103*2 Oct '02
143 J'ne'02
143
144
Aug'Ol
Aug'02
113
115»4
110
0(
i06"i09"
111%111%
'02
1
105
1 10
101
105
Oct -02
89
Aug'02
111
Feb'01
89
W
Des M <fe Minn See Ch & N
Des Moi Un Ry 1st g 5s. .1917 M-N 104
Det M & Tol See L S & M So
Det& Mack 1st lien g 48.1995 J-D
94
Gold 4s
1995 J-D
86
Det Sou 1st g 4s
1951 J-D
Ohio Sou Div 1st g 4s. ..1941 M S
Dul& Iron Range lst5s.. 1937 A-O
Registered
1937 A-O
117%
103% 103%
J'ne'99
100%
Sale
104*2
J-D
105*2
1U%F.'I>'02
14334 Nov'02
147%J'ne'02
RR
101
U5%118%
102
112
112
149
113
122
106
.
138
141
132% 137
Nov'02
103
112
111 1"..
135
137
'02
'98
1923 F-A *115%..
M-N *103 ..
J-D
102% Oct
14334 1511-2
147*2147*2
Atl g 5s.. 1937
East of Minn See SI J M A- .M
ast Ten Va <fe Ga See So Rv
Elgin Jol <fe East 1 st g 5s. 1941
Elm Cort & No See Leh <fe N Y
Erie 1st ext gold 4s
1947
2d est gold 5s
1919
3d ext gold 4>2S
1923
4th ext gold 5s
1920
5th ext gold 4s
L928
1st consol gold 7s
1920
1st consol g fund 7s
1920
112
109
113*4
84*2 91
101 102*o
92*2
84*2 8734
!>:,»,.
91
'02
113 34 Nov'02
112%115
116
Sep
115
111
'02
115
Erie 1st con g 4s prior.. 1996
Registered
1 996
1st consol gen lien g 4s.. 1996
Registered
1996
Penn coll tr g 4s
L951
Burt N
Erie 1st 7s.. 1916
Burt & S
gold 6s
1908
Small
1908
Chic& Erie 1st gold 58
Jeff RR 1st gu g 5s....al909
Long Dock consol g 6s. .1935
Coal <fe RR 1st cur gu 6s. 1922
Dock<fc Imp 1st oux6s..l913
Y cfc Green L gu g 5s. L94I
V&
W
N
Mill
RRot NJ
M-N
1937
General gold 58
1940
Terminal 1st gold 58. ..194!)
Regis $5,000 each. .191;;
Wilk & Ea 1st gu g 5s. ] 942
Erie <fe Pitts See Penn lo
Evans & T H 1st cons 6s. 1921
lstgeneral gold 5s
1942
Mt Vernon 1st gold 6s. .1923
Sull Co Branch 1st g 5s. 1930
Ev& Ind lstcon gu g6s..l926
Eargo & So See Ch M & 8t P
114
112%115
J'ne'02
J-
1.
J-J
J-J
J-J
J-J
FA
113%Sale
1
>2
'4
1
1
3
110'sApi '02
117
117
106*2
L09»4
136%137>2
i:;7',
M-N
A-O
A-O
M-N
120*2.
'02
137*4
Sep
109*4
137
142
136 139
97 V 102
'02
SS * J'ly'02
8434
84 >2
85'
92%
92*2
Oct
130
'02
32
9S*-2
!K'v
84
90
91
96
133
130
120*2 Nov'02
Ang'02
L06
134*.
134*2 134*2
113%.
11634Sep'02
110
109
1
IS
'2
Apr '02
Oi
1
12534
106
11634 121
118*2118*2
9S
1
114*2"
103 Apr'02
108 Nov'02
110 Oct '02
.116
J-J
100
F-A
.108
M-N
M-N
113*4 Oct '02
113*4 116
113*2Mar'00
1
1%118
114
lis
103
L02
107*8 11(1'.,
110 116*2
116
84
105%
104*2 Mar'02
102*2 Apr '98
104*2
104% Aug'02
104%10634
Oct
102
'01
103% 103*8 10 103% 106
104% May'02
104% 104%
101%
98*2 Nov'02
98*2
May'99
87% May'02
87% 87%
123
90
98% 99
114*2Nov'02
112*2115*2
121
121%
121*2 J'lv '02
105
110
112
J'ne'02
121*2 126*2
1('S' 8 112
112
112
115
May'02
114
A-O
A-O -111
A-O
105
111
....
....
Aug'02
116
110*a.
Nov'00
Oct '02
122"
124
May'01
Nov'98
127*4!
127*4
126*4
106
107
107
101
110
110
il6""il4 34
127*4 131
127*4
126*4
104% Apr .'02
126% 126*4
104% 104%
106 34 Nov'O
10034 106 34
Lbl"MaV'02
101
104*2
105% 109
Sep'02
108
100
Mar'02
123
99
9S
Oct '02
98
98 Hi
7
Oct '02
119*4 Nov'02
96*2 9o*2 Aug'02
195]
M-S
117
95
A-O
107*2
'-j
10234
121% 127
125
97
15
71
1
J-D
l
M
Registered
Kentucky Cent See L
Keok & i>cs Mo See C
.fe
N
1:
I
<fc
A-O
A-O
116
95
103
80
119*4
97
&
Mich S .see N Y
Q1
Lehigh Val (Pa) coll g 5s.l997
1997
Registered 5s
Leh Val N V 1st gu
Registered
1940
Leh V Ter Ry 1st gu g 5s. 911
Registered
1911
119 *a 122
117
120*4 123
116 118*4
122
122
117%
117%
5
Sep '02
112%115 34
110*2
Feb '02
109
1
1
(
I
Registered
Leh
68% 74
12
63*4 Oct '00
.
Slio
M\
69%
69*2 Sale
P
Knoxville<fc Ohio See So Rv
I ake Erie <fe Wist g5s. .1937 J-J
l-i 2d gold 5s
1911 J-J
North ohm 1st lii 2 5s 19 t." A-O
& N
\ 1st
M-N
M
104*2.
110%
>,
J-J
J-J
io's"
A-O
A-O
111*2.
gugos
J-J
1933 J-J
guar g ts.,1945 M-S
1st
M-S
lstglstpi 6a 19! A-O
Gold guar 5s
1911 A-O
Leh & Hud R See Cent of N
Leh ifc Wilkesb See Cent of N J
Leroy & Caney Val See Mo P
Long Dock See Erie
Oct '02
L09%J'ne'02
109 112
109*2 109%
11 8% J r.e'02
let '99
109
108*2 Sep '02
118%120%
109
'.
'
in5"
!
97
108%108%
97***97"
J'ly'02
Registered
Ki
c& N
i
114
106
101% Sep
'99
.1
L.,,|,i
I
J-D 102 103
M-S
103
J-D
M-S 100
Unified gold 4s
J-D
Debenture gold 5s
l'.klvn <t Mont 1st g 6s. .1911 M-S
1IIS> V
1st 58
1911 M-S *
A-O *114
N V B&M B 1st con g:",A,
1st
gos....
V
MS
*113
N
RB
Nor S!iH 1st con ggu5s
Q-J *112
LouiSV & Nashv gen g (is. 930 J-D 1 19 121
10*2
191 17 M-N
Gold 5s
988
192
1932
1919
1934
I
1
Unified gold 4s
Registered
Coll trust gold f,s
19
11
19 in
J-J
J-J
M-N
Coll trust 5-20sr -is. 1903-1918 A-O
M-S
Cecilian Branch 7s
190
E H <fe Nash 1st g (is. ...1919 J-D
I, ('in & Lex gold t'-.s...]9:;i M-N
J-. I
N O & M 1st gold 6s
lo;;;
2d gold 6s
MISCELLANEOUS BONDS—Continued
117%122
118% Nov'02
117*a.
ftl931 Q-J
,.
;
General gold 4s
Ferry gold 4 '28
Gold 4s
NO&M
Gas and Electric l.iglii
Ch G L & C Co See P G & C Co
98*4 Oct
100
110
90
98% 101
'02
'99
101% Oct
mi
1
lo 3 ,
n
1
1
5
'-2
100%
109
1-2
\
118
12%112%
112%114%
1
118% 122
Nov'02
5 111
11
1
101
*2
•is
HO 3
Nov'UJ
1103,
106
Dec '00
May'02
.,
18
J'.>
117
100% 103 n4
ion
98
100
U6
101%
124% Apr'02
114%116
109% 109%
128*2 130%
122 124%
113
94*2
106 Nov'02
121 Ool ic
oot '02
108
105% 109
120 121%
104% 108*2
I:".
Ool '02
130 >a Feb '02
130
112
J'ne'01
.Ian '02
1
126
103
111
99
'02
Mar'02
1191-2
111
100*2
112*2 Jan '02
112*2 Apr '02
11734
1930 J-J
10134 104%
104
108
Nov'02
May'O
Oct '00
Jan
111
99*2
99
1
m:;
103
inn
111
101*2 101
LOO
1
J-D
J-J
113*2.
&M
1st cons,.
J-J
J-J
10534 106
Oct
106
:<:;^
.
Long Island lstcon g5s.'il931 Q-J
SeePereMar
Columbus Gas 1st g 5s
1932
Conn Ry & L See Street Ry
Con Gas Co See P G & C Co
Detroit City Gas g 5s
1923
Pet Gas Co con 1st g 5s. ..1918
EdElIlIRkn SeeKCoEL.tl'
Ed E 111 See N Y G <fe E L II & P
EqG LN Y 1st con g 5s.. 1932
Eq G & Fuel See P G <fe C Co
Gascfc ElecBergCoc g 5s. 1949
Gr RapG L Co 1st g 5s... 1915
KC Mo Gas Co 1st g 5s. ..1922
Kings Co El L <fe P g 5s... 1937
Pnrohase money 6s
1997
Ed El II Bkn lstcon g4s 1939
LacGas Lot St L 1st g5s.el919
Milwaukee Gas L 1st 4s.. 1927
5s.
Jerterson 111! See Erie
S
Kal A<fe G R See L S
an <fe Mich See Tol & O C
1'
KCFtScfe M See St L <V s
R<fe B 1st gu cos. 1929
K
Kan C & Pacific See
K <fe T
Kan City Sou 1st gold 3s.. 1950
Leh V Coal Co
1
108%
1
92 *2 Sale
130%
Jan
97%
Sale
"84""
117
1
136
98
113*2118
118% 122
115 116*8
"2
J'ne'02
113%
J-D
J-J
J-J
FA
3
19
1 1
116 a4
(
lint&PereM
1921 M-S
3d gold 4s
Iowa Central 1st gold
Refunding g 4s.
•.
M-N
I8tg6s.l910 A-O
W 1st ref 5s
2d gold 4*28
N YSusA
W
L
I
M-S
M-S
107%112
'02
1
C&M
93*2 Aug'02
86 Ool '02
92 Nov'O'
95
87
94
J-J
M-N
M-S
M-S
A-O
J-J
J-J
J-J
J-J
1953 J-J
1921 F-A
1951 J-J
Registered..
1951 J-J
Gold 3*28
1951 J-J
Registered
1951 J-J
Spring Div 1st g 3%s...l951 J-J
Western Lines 1st g 4s. .1951 F-A
Registered
1951 F-A
BellevA-Car 1st 6s
1923 J-D
Carb&Shaw Istg4s...l932 M-S
Chic St Life N O g 5s... 1951 J-D
Registered
1951 J-D
Gold 3*23
1953 J-D
Registered
1951 J-D
Memph Div 1st g 4s... 1951 J-D
Registered
195 J-D
St LSou 1st gu g 4s
1931 M-S
Ind Bl & West See CCOA-s
IndDeCifc
1st g5s....
J-J
1st guar gold 5s
1935 J-J
Ind Ill<fc la 1st g 4s
J-J
Int<fc Great Nor Istg6s..l91
M-N
2d gold 5s
1909 M-S
99>2 104*2
105
1916 J-J
&
A-O
M-S
M-S
A-O 102
A-O
LN O&Tex gold 4s.. ..1953 M-N i 03% Sale
Registered
1953 M-N
Cairo Bridge gold 4s
1950 J-D
?
'7*2.
Louisville Div gold 3*2S.1953 J-J
8634
II434 120*8
13534 Sep '02
J-D
J-D
J-D
J-J
J-J
W
11
109
108
108*a.
J-J
Registered
133*8 Oct '02
Bridge SeePaRR
Denv & R Gr 1st eon g 4s. 1936
Consol gold 4*28
1936
Improvement gold 5s... 1928
Rio Gr So gn See Rio Gr So
Den <fe S West gen s f g 5s 1929
Des Moi & Ft D See R <fe I P
1999
Col<fe H V 1st ext g 4s.. 1948
Houst E &
Tex See So Pac
Honst&TexCen See So Pac Co
Illinois Central 1st g 4s.. 1951
Registered
1951
1st gold 3*2S
1951
Registered
1951
1st gold 3s sterling
1951
Registered
1951
Coll Trust gold 4s
1952
Registered
1952
97
A-O
A-O
Registered
Middle Divreg5s
St Louis Div gold 3s
Warren 1 st ref gn g 3 >2S 2000 F-A
140 142
<fc Hud 1st Pa Div 7s. 1917 M-S
Registered
191 M-S
Alb <fe Sus 1st con gu 7s. 1906 A-O 109% I""'
Registered
1906 A-O
Guar gold 6s
1906 A-O 106
Registered
1906 A-O
Bens <fe Saratoga 1st 7s. 1 92 M-N 143->4
Registered
1921 M-N 14334
2d 6s
138
Q-J
Del
Dul So Shore
138
99
78
Sale
..
& improve 4s 1923
N Y 1st 7s. .1906
SyrBing*
Del Riv
May'02
138
i04*2NoV'0i
A-O
Apr
134*8134*8
N&W
& Term
See
Conn
Pas Rivs 1st g 4s. 1943
Gt So See C
<fe St P
alias
Waco See
K <fe T
&
133*2.
99
76
113
A-O
onsatomc See N Y N H & H
113%115*2 Hock Val lstconsolg4*28.1999 J-J
115 Nov'02
134*8 Jan '02
'.
A-O
Q-J
Clev & Pitts See Penn Co
Col Midland 1st g 4s
1947 J-J
Colorado & Sou 1st g 4s. ..1929 F-A
Colum & Greenv See So Ry
Col & Hock Val See Hock Val
Col Conn
ii4 34
on Next Hage.
nnd Electric light
Mnt Fnel Gas Co See Peop
Newark Cons <ias con g5s 9 is
N V Q E L II <t P g .Vs.. .19ls
Purchase money g 4s... 19 19
Ed El III 1st couv g 58.. L910
92% 99%
(•n»
J-J
J-J
1
97%
99
F-A
98%
104
98%
May'02
104
104
199
1st consol gold 5s. ..
I.A I' 1S1 oon
581930
Paterson & P G ct E g 5s 1949
-t gu g6s.. 1904
I'eo Ga -a
2d guar gold 6s
1st con gold 6s
19 43
Refunding gold 5a
.
NYA'((K1
M-S
117
117
J-D
F-A
A-O
A-O
A-O
Nov'02
117
118
61*2 Oct '01
107 34 Dec '00
si isn goa
OhG a
con G Coof Ch 1st gu g
F Ch 1st gu g lis. 1905
K<1 G
1
124
98
Oct '02
J-J
95%
97% Sep '02
Q-F 108*4 108% 108
108*2
M N 98
95 J'ly'02
* No price Friday; latest bid and asked this week, a Due Jan
121
121 124*4
99
97
in 107*2110
9534
95
oDueFeb
i
...
1
<fe
Mil Fuel
li'cnton
I'hca K
d Due Apr
Gas
(i ifc
L&
1st
gu g
El 1st
P
1st s
118
104
107
''
'-
101
104
110
lin
*108
un-', 105
1947
1919
58.1960
fcDue Aug
LOB
1
J'ne'02
'•
120
I119
1
,
101
1
104
5s.
eDueMny ADueJ'ly
L3% 113
1053,,
102
k 58..
1
1
Sale
105
121
105
1
1» t-'j
105
109
Nov*02
\ov'02
Nov'02
Nov'02
Sep'02
iiir-i
Oct '02
Feb'01
oDueOct cDueDeo
111%116%
94
98 *u
104 104
106
103
117 34 126
101
101
108% 111%
107*4 109*2
102*2 105
105 106
t Option sale
%
A
November
Bond Record— Continued—Page 3
22, 1902.]
BONUS
STOCK EXCHANGE
Week Ending Nov 21
N. V.
Ixmisv Lt Nashv— Continued
Peusacola Div sold 6s... 1920
1921
St E Div 1st mold Os
1980
2d sold 3s
Heuder Bdse lstatgGs.1931
Kentucky Cent gold Is.. 1981
LAN & MA M ls1 g4*asl946
NFIa&S
Pons A Atl Isi gu
S & N Ala con gu
g 5S..1921
g 08.. 1936
1910
Sink tuiul sold 6s
Life Jell Bdge Co gug 4s.. 1945
NA&
See C I & L
S
"\ 1 ahou Coal See L S &
Ryconsol4s.l990
1'i.anliattan
1990
Registered
Metropol El 1st g 68.—1908
Colomz g 5s.. ..1934
Man S
McK'pt & B V Bet N Y Cent
Metropolitan El .see Man Ry
Mex Cent consol gold 4s. .1911
1st consol income g 3s.al939
2d consol income g 3s..al939
1917
Equip & collgold5s
1919
'_a series sold 5s
Coll tr g 4^8 1st Ber....l907
Mex Internat 1st con g 4s. 1977
1910
Mex North 1st gold 6s
Mich Cent See N Y Cent
Mid olSJ See Erie
Mil E S <&
See Chic &
Mil & Mad See Chic &
Mil <fc North See Ch
<fc St P
Minn & St E 1st gold 7s.. 1927
1909
Iowa Ex 1st gold 7s
Paciric Ex 1st gold 6s. ..1921
South West Ex 1st g 7s.l910
1934
1st consol gold 5s
1st and refund gold 4s.. 1949
Minn & St L gu See
& P 1st 5s stpd 4s int gu 1936
SS
& A 1st g 4 int gu 1926
Ii
Oh
W
Nov 31
Last Sale
J-J
100
MS
Ask Low
High
116%Mar'02
125
112
I'-
>2
")
A'o
Aug' 02
1 1 *a
1
114
115
112
100
.
F-A
98
A-O
A-0
104% Sale
J-J
lii"
1
Low High
115 116%
125*2l27*i
75
77*2
.T'ne'irj
113 Nov'99
100 Sep '02
110*2 Mar'02
111*2.
A-0
M-S
January
BONDS
99
101*2
110*4 110*2
Sep '02
Sep '02
Dec'Ol
Sep '02
Mar'01
114*2114%
104*4
105
105' 4 MuY'0i
il2*2 111^4
112
112
117
112
11 -J
103*2 107*^
111
114%
J-D
BCK&K
J-J
80
J'ly
26*2 Sale
16% Sale
Jiy
A-0
A-O
80
81
25
80
2d *, 159
15%
i6*a 101
79*a 85
25
36*.
15% 25*2
M-S
J-D
96
90=8 J'ly '0
105 May'00
98%
1
97
J-D
J-D
A-0
J-D
M-N
147*4
M-S
103%
147*2 Jan '02
119*4 Nov'O-:
129*4 Aug'02
121
Jan '02
119
125*4
121*2
119*2
120
147*2147*2
118 121
126*81291*
121 121
120 124*2
102*2106
120
103%Nov'02
103
98
J-D
<H990 F-A
1944 M-N
& Wa
Kan C& Pac 1st g 4s.. .1990
M K & T of T 1st gu g 5s. 1942
Sher.sh.fc So 1st sug5s.l943
Tebo & Neosho 1st 7s.. .1903
Mo K & E 1st gu g 5s
1942
A-0
M-N
M-S
J-D
F-A
J-D
A-O
1906 M-N
Missouri Pacific 3d7s
1st consol gold 6s
1920
Trust sold 5s stamped. al917
Registered
al917
1st coll gold 5s
1920
Cent Br Ry 1st gu g 4s. 1919
Leroy & C V A L 1st e 5s 1926
Pac R of Mo 1st ox g 4s. 1938
2d extended gold 5s... 1938
St E Ir M<fc Sgen con g 5sl931
Gen con stamp gtdg 5s 1931
Unified & ref gold 4s.. 19?
1st g 5s. 1926
Verdi V 1 &
Mob& Birm prior lien g 5s 1945
1945
Mortgage gold 4s
Mob Jack & K C 1st g 5s. 1946
Mob & Ohio new gold 6s.. 192
1st extension gold 6s../tl92
193s
General gold 4s
Montgoni Div 1st g 5s. .194*7
St E & Cairo coll g 4s..el930
1931
Guaranteed g4s
& O coll 4s See Southern
W
M
Nov'01
Apr '01
M-N
M-S
M-S
F-A
F-A
J-J
F-A
J-J
A-O
A-0
J-J
M-S
J-J
J-J
J-D
J-D
100
81
r
Sale
99*a 100
Sale
80
81
102*4 103*2Nov'02
90
104
F-A
Q-F
J-J
Oct
Sep
Nov'02
!03
105*2 J'ly '02
10934
113 Oct'0 r
3
121 121*2 120 4 121*2
10534 106 105% 106
105% Sale 105
92
92%
105
114
114
105 a4
100
105
Sale
114
113*2
92% Sale
103
112
114
92
1053.
Nov'02
May'01
105
Oct '02
I'-'o^
93
102
130V
14 105 109
91*8 95%
104*4 107*4
114 116*2
J-J
A-O
M
.
93
Apr '02
93
97
129 132
127 128*2
97 100
114 118*2
91
91
100*2101*2
J'ly '02
115
91
Nov'02
Oct '02
101*iJ'ne'02
"vTh,'.
Registered
1903
1997
1997
Debenture 5s of.. .1884-1904
Registered
1884-1904
Regist deb 5s of... 1889-1904
Debenture g4s
1890-1905
Registered
1890-1905
Debt certs ext g 4s
1905
Registered
1905
Lake Shore coll g 3*28...1998
Registered
199s
Mich Cent coll g 3 >2S
1998
Registered
1998
Beech Creek 1st gug 4s. 1936
Registered
1936
2d gu gold 5s
1936
3
Beech Cr Ext 1st g *28 61951
Cart& Ad lstgn g 4s... 1981
Clearf Bit Coal 1st s f 4s. 1940
Gouv& Oswe 1st gu g5s 1942
Moh<fc Mai 1st gug-is.. 1991
Income 5s
1992
Registered
127
126
125 34 129
126
112*2116
J-J
112*2 113H113 Dec '99
J-J
J-J
116
111
116
111*2
J-J
100%
A-O
75
New H & D toNYNH&ll
N J June RR See N Y Cent
New & Cin Bdge See PennCo
E prior lien g 6s pi 915 A-O
NO&N
N Y Bkln & Man Bch See L I
N Y Cent& H R 1st 7s... 1903 J
Gold mortgage 3 *2S
Sale
<fc
102*2...
102*2 102*2
102*2 Nov'02
101% 104
101% 104%
106
Nov'02
102% 1023e
101*4 Oct '02
109*2 Sep '97
IOC'S Oct '02
106 109*2
106 109
1023gl04
101*4 103 34
J
U-
1021-2....
2 'J
M-S 102 103
M-S
J-D 101'
J-D
100*4 Jan '02
M-N 99*2.
100 Nov'02
M-N
99*2 Nov'02
94'e
F-A
94 is Sale
94
100
1
95
93
10538
105
105
105*2 106*2 I"
:-;-"!
112
116
1
12 '„] 15*2
Nov'02
104*4107%
Oc1 '02
10734
105*2109*2
lli.V',
:
i
L10*2 War'OI
111
Feb'02
114
.
114
114
122*2.
127*2 Feb '02
140
133
127*2127*2
146%Apr'01
.
.
i2;;3 t
.
113*8.
11
1931 M-S
1931 Q.-M
8% Dec '01
128 J'ne'02
127 J'ne'02
lio Dec'Ol
106*2Nov'00
1940 J-J
1940 J-J
1951 M-S
12S
127
132 *»
130
115% May'00
...119=8 121*aMav'02
A-O
N YNH&Har 1st reg 4s. 1903
J-D
A-O
100 Dec'Ol
229 *2 Sep '02
220 J'ly '02
135*2Jan'02
AO
NY4 Long Br See Cent of N J
NY&NE SeeNYNH&H
Convert deb certs $1.000
Small certs §100
Housatomc R con g 5s.. 1937
N H & Derby con g 5s. .1918
1st 7s
1905
1905
1st 6s
NY&NE
N Y & North See N Y C & H
N YO& Wref lstg 4S..&1992
Regis $5,000 only
yl992
N Y Put See N Y C & H
N Y & R B See Long Island
N Y S & W See Erie
N Y Tex & M See So Pac Co
121*4 121*a
118*2127*2
11334 114*a
122
122
11334 Jan '02
108 108
104*2108
105 106%
Nov'02
204*2 229 *a
207 220
135*2135*3
M-N
M-N
130*4
J-J
104*2.
114
J-J
102
106*4 Mar'02
106*4
M-S
M-S
102*2 Sale
102*2
101*2 105*4
.
.
Jan
'00
102H
106%
101*2Nov'98
<fe
Nor& South 1st g 5s
1941 M-N
Norf & West gen g 6s
1931 M-N
Improvem't& extg6s..l9:S4 F-A
1932 A-O
New River 1st g 6s
N & W Ry 1st con g 4s. 1996 A-O
131
133
'129
& C joint 4s. .1941
J-D
93 Sale
108
100*2
Q-J
Q-J
103*4 Sale
102%
W
N
Q-F
Q-F
J-D
101
128
88
117
J-J
Nor Wis See StPM&O
Nor & Mont See N Y Cent
See C C C & St L
OInd &
105*2
72
72
75%
102*2May'02
100
102*3
127 34
129%
118
110
100
122
112*a
100
58
Nov'02
75
J'ly '99
Nov'02
Oct '02
Aug'02
94*2 Feb'02
117*2 Oct '02
A-O
J-D
Q-M
6 102
Apr '02
128
132
118
110*2 110
100
Q-F
F-A
103% 107 102% 106*4
103
73
103
72*2 Sale
72
72
71
199f J D
1923 F-A
Registered certific's..l923
StPaul&Dul 1st 5s.. ..1931
2d 5s
1917
1st consol gold 4s
1968
Wash Cent 1st g 4s
1948
NorPacTerCo 1st g 6s. .1933
Nor Ry Cal See So Pac
116*2116*3
133 135*3
132 136
l:U34 135*4
83 100 104*3
13134 Nov'02
100
100
100*2 Jan '02
100*2 100*3
93
95
93 ** i.94 92
107*2J'ly'Ol "3
100*2 100*2
100*2 104*8
132
100*2 Sale
C& T 1st gu g 5s
1922 J-J
Scio V & N E 1st gu g 4s 1989 M-N
North Illinois See Chi & N W
Registered
P gen g 6s
St P &
Aug'02
132*4 Aug'02
1996 A-O
Registered
PocahC
'112*2117*2 116*2 Mar'02
C
hio River RR 1st g 5s.l936 J-D *115
General gold 5s
1937 A-0 *110
Ore & Cal See So Pac Co
Ore RR & Nav See TJn Pac
Ore Short Line See Un Pac
NYC
NW
Oswego & Rome See
O C F & St P See C &
Pac Coast Co 1st g 5s
94*2 94*a
119*?
115
1921
1921
Guar 3*2S coll trust reg. 1937
Guar 3 *2S coll tr ser B...1941
C St L & P 1st con g 5s. 1932
Registered
1932
93
93
93
N&C
1st
11334
104*2 105
107*2
96
B
C
D
E
guar
guar
4sguar
3*2 guar g
/tl912
RR 1st real est g 4s. 1923
a
101
Oct '02
102
Apr '02
101 102*a
101*2 102
109*2113*3
98
a-o
A-O
109*2 11234
Nov'98
Oct '02
102
98
123
J'ly '02
121
Oct '00
102
Nov'00
97*2 99
122*2 123
111
A-0
M-N
Sale
130
'
11434 116*3
112 115*3
115*8 J'ne'02
A-0 112*2
M-N 109
M-N 102
93*2
F-A
112*2 112*2
116*2 Feb'01
106*4 106*4
97*2 J'ne'02
127% Oct
127 s8 132
12834 131*3
'02
104*2.
12734 Oct '02
130 Apr'01
105*2 105*2
107
10534
Sale
106*4 106*4
97
97*3
107
105*2110*3
561 103*6 ii"2%
on Next Pnsre
Due Jan
110*2115
6
Due Feb
M-N
A-0 107
107*2**107*2
J-J
.110*2 110
J-D
DeBarC& I Co gu g lis. 1910 F-A
Wh LE & P C Co 1st g 5s. 1919 J-J
105
Amer. Bicvcle
55
week,
109*2 114*3
110
HC4C
Nov'00
110*2 Aug'02
this
111 1*
110*4 Oct '02
109*2 109*2
M-S
J-J
W&C 1st 7s. ..1912
1912 J-J
Manufacturing
and asked
1942
1942
1945
1949
109% 110*2 RochcfcPitCfc Ipiirni 5s. 1946
16 104*b 109 34 Tenn Coal T Div 1st g6s.ol917
Birm Div 1st consol 6s.. 19] 7
110*4 113*4
Cah C M Co 1st gu g 6s. 1922
tol'Cl&R
Bit Coal See N Y C & H
latest bid
J-J
J-J
Consol sterling g 6s
1905 J-J
Convertible g 3*4s
1912 M N
Con currency 6s reg. ..#1905 Q-M
Consol gold 5s
1919 M-S
95
and Iron
1
111*4
Bdge gen gug4*2S 1945 J-J
Series
Series
Series
Series
Pitts Ft
97%
Cah Coal Min
Col C <fe 1 Dev Co gu g 5s. 1909 J-J
Col Fuel Co gen gold 6s. ..1919 M-N
108
Coal and Iron
102*4 106*4
103 Oct '02
97*2 100*8 Col F & I Co gen s f g 5S..1943 F-A 103
95*8 111 92*2111*4
94*2 Sale
93
Convertible deb g 5s
1911 F-A
100*2 100*2
De Bardel C & I See T C & I
108 115
115 J'ne'02
Gr Riv Coal & C 1st g 6s. .1919 A-O
107 May'97
114 114*2 Jell & Clear C& I 1st g 5s. 1926 J-D
80 May'97
1920 J-D
2d gold 5s
106 106*4
lo6*4Feb'o2
Kan &
1st s f g 58.1951 J-J
105 Oct '00
Pleas Val Coal 1st s s I os.1928 J-J
97*2 Aug'02
100*2Apr'02
100*2 Oct '00
109 Oct '99
114 Nov'02
Fd and
real est g 4*2S...1950 M-N
Tel s fund 6s. ..1911 M-N
Northwestern Tel 7s
190-1 J-J
g 4*2S
102
98
110
PCC&StLgu4*2sA...1940 A-O
98
107*2 J'ly '00
110*4 Dec'Ol
Sep
112
111
CI & P gen gug4*2sser A. '42 J-J
Series B
1942 A-O
Scries C 3*2S
1948 M-N
Series D3*2S
1950 F-A
Erie<fe Pitts gug 3 *2S B.1940 J-J
Series C
1940 J-J
J-D
M-S
Mut Uu
1946 J-D
See Mo Pac
Panama 1st s fund g4*2S.. 1917 A-O
Sink fund subsidy g 6s. .1910 M-N
112*2J'ne'01
108*2 J'ly '02
ac of Missouri
92*2 96*4
Apr '02
110*2 Nov'02
104*2 105
111 J'ne'02
No price Friday;
112':
105
Penn
113*4 Oct '01
*
12*2
L05*4
108*2 Nov'02
108 ....
104*2 105*4 104'8 105
2d7s
3d 7s
J-J
Tel Co See Westn Un
J Tel gen g 5s. .1920 M-N
No Westn Teleg See West Un
West Union col tr cur 5s. 1938 J-J
Clean
li
1
J-J
115
&N
t'oal
113*4
113*2
121
101%
A-0
J-D
1918 M-N
s 5s
114
A-0
F-A
MN
99*2 99*2
93
93
93*2 Sep '02
111*4 Sep '01
106 J'ne'98
J-J
Cable Co 1st g 4s. .2397 Q-J
Registered
2397 Q-J
Erie T & T col tr g a t 5s. .1926 J-J
1st 8
105
105*2Nov"oi
R W&O con 1st ext 5s. h 1922
Oswe& R 2d gug5s...el915
RW&OTRlstgug5s.l918
TJticaifc BlkRivgug4s.l922
N Y Chic & St L 1st g 4s. 1937
1937
Registered
N Y & Greenw Lake See Erie
N Y & Har See N Y C & Hud
N Y Lack & W See D L & W
N Y L E & W See Erie
101*4 101 34
100*4 100*4
93 h 93
93% 93
Comm
Y
-D
J-D
J-D
F-A
J-J
J-J
J-J
J-J
J-J
Registered
Am Telep &> Tel coll tr 4s 1929
N
.1
Unih,
105
Sturlstgug3s.l989 J-D
MISCELLANEOUS BONDS—Continued
Mut Un
J-D
N & Harlem g 3*28. ..2000 M-N
2000 M-N
Registered
N Y<fc North 1st g 5s... 1927 A-O
Penn Co gu
'105
F-A
F-A
F-A
J-J
J-J
J-J
116
Dec '99
100 104
101 Oct '02
To 104 74*2 81*2
74*a
10:;%. ._
106*2 106
106 106
J
J
J'ly '02
Telegraph and Telephone
Met T & T
113
1934
2d guar 6s
McKeestfe B V IstgOs 1918
Mich Cent 1st consol 6s. 1909 M-S
Registered
\o how
Oct
W
"\j
J.^1
T&P
105
J-J
North Ohio See L Erie &
Nor Pac— Prior lien g 4s. .1997
Registered
1997
General lien gold 3s
a2047
Registered
a2047
93*2
C B & Q coll tr 4s See Gt Nor
St Paul-Drd Div g 4s. ...1996
102
112*4120
114 114
92
95
114*4
J'ly '02
130*2 Nov'02
127 Sep '02
97 Oct '02
114V
126
105*2 109*4
110*4 J'ly '00
88
87*4
109*2 113*2
110*2 11434
110
102*4
101*2
103 108
85*2 88*4
102 106*4
88
92
103 108*2
101*2105*2
'02
'02
109^ Sale 109*2
Q-J
M-S
86
106
90
103
102
93
SO
Mohawk & Mai SeeNYC&H
Mouongahela Riv See B & O
Mont Cent See St P M & M
Morgan's La & T See S P Co
Morris & Essex See Del E & W
ash Chat <fc StElst7s.l913
1928
1 st consol gold 5s
Jasper Branch 1st g 6s.. 1923
McM W<& Al 1st 6s. .1917
Branch 1st 6s
1917
Nash Flor & Shef See L & N
Nat of Mex prior lien 4 *2S 1 926
1951
1st consol 4s
KaAAGRlstgue58.1938
Malum C'l RR 1st 5s.,19:U
Pitts McK & Y" 1st gu 6s. 1932
L& Slstg 3*2S
Hujli
'02
105
i'
97*2 Sep '02
96*2
t>
1st est gold 5s
St L Div 1st. ref g 4s.. ..2001
Dai
1st gu g 5s. ..1940
.
Bat C
FA
MStP&SSMcong4mtgu'38
Minn Uu See St M &M
Mo Kan Tex 1st g 4s. ..1990
<fe
1
Registered
2361
Lake Shore consol 2d 7s. loo:;
19t>3
Registered
1997
Goiil 3*28
Registered
1997
Det Mou & To I 1st 7s. 1906
4s
Sine's
January 1
Last Sale
Ask Lou;
F-A
or
9 so F-A
NYJi Pu 1st con gu s Is 1993 \ O
Nor <fc Mont 1st gug 5s. 1916 A-o
West Shore 1st 4s gu. 136 J-J
J
Range
21
Bid
1
1
Registered
M
2d gold 4s
(
<fe
Registered
Nov
50.
Range
Week's
Friday
N Y Cent H R— Continued
N J June R gu 1st 4s.. .1986
5s
1
Price
STOCK EXCHANGE
Wkek Endino Nov 21
N. Y.
NW
NW
M
M
M
Since
126
70
M
W
Range
M-S
M-S
M-S
M-S
gag 5s. ..1931 FA
1st
Week's
Range or
Bid
i
(
Price
['rid a n
1133
Am
e
s f
«fc
j
Due
'02
Feb '00
102%
32
Jan '00
44
42
Nov'02
99
98*2 Nov'02
12
lll*a
113
100*al04
Industrial
deben 5s 1919 M-S
1915 Q-F
Cot Oil ext 4*2S
Due May
102*8 102*8
*
106
108
Oct
J'ne
h Due
J'ly
98
p Due Not
*
Optica
sale.
42
73
98*4 102
—
9
7
9
..
Bond Record— Concluded— Page 4
1134
BONDS
STOCK EXCHANGE
Wekk Ending Nov 21
N. Y.
BB (Continued)
1943
Consol gold 4s
Alleg Val gen gu g 4s... 1942
DBEB& Bge 1st gu 4s g.'3C
GrB& Iexlstgug4%sl941
Sun A; Lewis 1st g 4s... 1936
U N J BB& Can gen 4s. 1944
&
N
112
113-4 111
'4
AO
130%
Oct
121% 125
112
115
111%117
'02
Nov'97
137
107 % Oct '98
120
lie's.
121
May'02
98
J'ly'97
101
Nov'02
Oct '02
101%
100
101
115%
i
Oct
122
112%...
96 34 Sale
(eadingCo gen g 4s
1997
1997
.1951
g 4s..
94
H
'01
121
100
100
100
111 J'ue'02
111
96*4
97% 326 96
92 Apr '01
93% 94
93
99% 100
99 % 100
91% 92% 91I4N0V '02
94
116
80
'
112
'
97
114
&P
N Y Cent
Borne Wat &
Bntland 1st con g 4%s
1941
Rut-Canad 1st gu g 4 '28. 194!
Tus & H .See Pere Marq
Sag
alt LakeC 1st g 8 f 6s.. 1913
StJo<feGr Isl Istg3-4s..l94
St Law & Adiron lstg 5s. 1996
2d gold 6s
1996
St L & Cairo See Mob & Ohio
Jan
99
91%
*02
May •02
80%JTy '02
94.v.
94%
See B B
Og See
Pitts
130
Oct '00
121% Oct '02
112% Aug'02
121
102%
101
111
101
98
102%
9534
97
97
112%
llSii
80% 82%
91
94%
lOl^Nov'Ol
97
L & Iron Mount See M P
L K C & N See Wabash
StLMBr SeeT RR A of St L
St L & S Fran 2d g 6s CI B 1906
97
Nov'02
95
99%
St
St
2d gold 6s Class C
General gold 6s
General gold 5s
1931
cons g 4s. .'96
Southw Div 1st g 5s. .194
Refunding g 4s
1951
K C Ft S & con g 6s. .1928
K C Ft S <fe Ry ref g 4s 1936
Registered
1936
St Louis So See Illinois Cent
bd
1st
4s
ctfs.1989
St L S
g
StL&Sl' BK
94?8
'
87
Sale
W
6s
1
1
Jan '02
87
88
97
9714
Vov'()2
11(> 58
134
9434
77
90 >2
88
112%
136% 138
112 Oct '02
137 34 137»4
140 May'02
112%.
112% Nov'02
116% Apr '01
1
1
3
'4
1133s Nov'02
.
104%.
931
105%
!05'4
106
104 %
si
107% Sep
'02
112
Sav
128
115
118
123
'a
125
109%.
128%
W
114
St John's Div lstg 4s.. .19:;
Ala Mid 1st gu gold 5s.. 1928
Bruns<&
1st gu g4s.. 1938
Sil Si) Oca & G gu g 4s.. 1918
Scioto Val & N E See Nor <fc
Seaboard Air Line g 4s. ..1950
Coll tr refund g 5s
1911
*
*
W
112%.
96
140
1
Apr '02
133% 141%
Apr '97
124 4 125
124% 125%
96
101%
112%
Aug'01
11334
Dec '01
128
123
Oct
112'4
87
96
.
84
Seab<& Boa 1st- 5s
1926
Car Cent 1st con g 4s. ..1949
Shr
So
See
M
Slier
&
K&T
Sil Sp Oca & G See Sav F &
Sod Bay & So 1st g 5s
1924 J-J
So Car & Ga See Southern
Coll
Pac
Co—
tr
4
So
g %s..l905
Gold 4s (('cut Pac ooli)./cl949
.
128
,
101M
104%
110
Aug'01
Oct '02
"
843s
101 h
Registered
k 949
97
Oct '02
104
100
Deo '01
128
100% Sale 100%
93 Sale
92%
1
101%
112%
87
Sale
95
111
101
87% 86
110
104
109%
108
103 34
84
90
101
105%
Apr '02
87
110% Oct
99
92
&L
Am Spirits Mfg 1st g(>s..l915
Am Thread 1st col tr 4s.. .191
Bar&
S Car Co 1st g 6s. ..1942
Consol Tobacco 50-yr g 4s. 1 9 :>
1951
Begistered 4s
Distill of Am it coll tr g 5s. 1 91 1
Grameroy Sug 1st gold 6s. L928
1910
111 Steel Co deb 5s
Non-con v deben 5s
1913
Co
con
Dat Paper
1 st
g 68.1918
Knickerbocker Ice (Chicago)
1st gold 5s
1928
Nat Starch M fg Co 1st g 6s 1920
Nat Starch Co s f deb 5s.. 9_\>
Stan Bope & T 1st g 6s.. .1946
Income gold 5s
1946
1
Mar'02
110'4
112
103
1
US
Sale
87% 90
J-J
J-J
80
1
64
J-J
Sale
98
A-O
J-J
22
104
85% 89%
'01
86
92
113
17
S7
Apr '02
Il-_"*
108
Aug'02
112%114%
105% 108%
Dec'01
110% Jan
.
'02
110% 110%
119% J'ne'02
Il9%i'l9%
117%.
108%.
L07
110
110% Sep '02
11 6% Apr '02
.
J-J
J-J
FA
108
107
112
1 03 %
M-S
J-J
J-J
J-J
96
M-S
122% Jan
95% Oct
94%.
U18
120
118
....
J-J
J-J
J-J
126
126
M-N 118%....
M-S *113 ....
....
62 118
129
'02
'02
9.-. i
4
112%115
120
96
120
Sep '02
119 120
11034 120%
99»4
117%
117%
118%122 34
13% 117%
1
126%
118
Ill
....
....
113%
114 34
....
125
119
122%
lll'allSU
112
Sep
129
127 34
125
127%
4 Oct '02
121% 122 Oct '02
....
ioi%j-iyoo
112
92
106
123
102
114
117
%
98%
94
118% Nov'02
114%Nov'(>2
123%
101
99
126 3
M-S "100
112
A-O
87%....
M-N
10S
M-N
124
122
100
Mar'02
99 34
Mar'01
Sep '02
115
J-J
J-J
108
108
111%114%
'(:•:
108%J'lv'01
118 34
118
100
116
lo.-%lll
115 116%
May'02
111% Oct
HS^Sale
J-J
J-J
J-J
J-J
Nov'OO
'02
W>\
Feh'02
90
106
123
92
112
123
115
117%
Oct '99
Sep
Oct
'01
'02
116%Dec*01
98
118 34 118
9234....
113
122%...,
117
Apr'02
118.
98
121
98
20 118
J'ly'00
104% Sep
98% 104%
'02
Ill
118
A-O
111
119
99
J J
J-J
114
A-O
113
J
Oct
89
80
79
109
99
93%
88% 92%
91
79',
99%
110%113
106%
104 106%
1 1
14B 103%
104
J-J
M-N
M-N
106% Side
J-D
F-A
102
106%
io:»'4
103
Apr'02
102% 102%
125%
J-J
115% sale 115%
F-A
93
110
J-J
J-J
87
78
97
2 %
104% Sale 104%
J-D
.J-J
112% 114%
113% 113%
107 110%
94% 98 34
'02
113%
Sep '02
98% Sep '02
92 Aug'02
89
89
96
114
115%
10134 10134
119 122
96 10234
91
A-O
J-D
116% 119
101'4 Sep '02
120
120
100 Nov'02
111 .Tne'ol
114
.
114%
111
11234
113%
.109
J-D
A-O
J J
.1
100
Oct '02
Nov'02
115% May'02
126%
116
2701 lor.
^n 3%
106
106
47 101 %104»4
2 125
129%
9 115
119%
96
's;
Sale
110
115
115
114%Apr'o2
116%
Sale
116
114%114%.
Bee
I
»ei
Lac
M-N
F-A
J-J *100
79
J-J
Sale
M-S *105%
J-J 110%
J-J
*
A-O
M-S
A-O
*
n*"'
1-:
108% lo8% 108%
100% B
i
:
Aug'02
105
110%o
1
94
19
1
95
85*
8534 Oct '02
85
98
109
dar'02
110
ill
Sep
Sale
118
99
40
Mar'01
'02
121
II434
104
66% 89
124",
:>-'4
1(17
19 116
1 108
100
107
11
l
l
4
97
89
98
111%
& West
I
Nov
119
98
35
J-J
112
1943 A-O
gold 3-4s
"1 9 13
neiiine 58
West No !ai Set Soul b Rj
West -<hore See N Y Cent
121%
98% 102
119
IT*
'
W
Va ('eiit&J? 1st 6S..1911
v> aeerg A L E 1st g 5s. ..1926
Wheel Div 1st gold 6S..1928
Extendi Imp gold 5s.. .1930
19 19
1st eon sol 4.East See Erie
Wilkes
* -M
Wil <k Sioux F See St P
\v
Winona StP See C <&
WisCent50-.vr 1st «en 4s. 19 19
::
114% Jan
A-O *113
113
J-J *113
F-A *U3
113
112%114%
'02
Nov'02
Sep '02
115%
12% 113
'%
113
!
111=8 11
lit!
92% Sale
91%
92% 30 91
97%
J-J
91% Rale
91%
91%
104
96
1948 M-S 104% Sale 104% 104 ss
Adams Ex col tr g4s
94% 100
80
91% AmDk&Impos See Cent N J
ne'02
A
SSCOof W Va g 5s.... 1920 M-N
82
83
79% 79 '4 Nov'02
B'kl'n FerryCol8tconsg5s'48 F-A
111 £
63% 69% ChiO Jo & st Vard col g 58.1915 J-J *104
80
66% 65% Del M & M ldgr incomes.. 1911 A O 80 Sale 79
18
10S
108
Apr '02
109%110i4
Ool '02
108
103
112
106
Aug'02
Gen
M-S
109 34 113
100
95
96
86%
87%
82
05
J'ne'02
&
A
M
N
BONDS-CSoncluded.
111
Jan '00
63%
66% Oct '02
97% Oct '02
99% Apr '01
1332
86
Jan '99
A-O
99%....
May'02
F-A 107% 108% 108% Nov'02
....
99
100
98
Hoboken L
93
96
J-J
64
80
66
11% Sale
80
65
10%
Aug'00
Oct '02
Nov'02
Nov'02
11%
<fc
I
gold 5s. ..1910
100
112
N Y Dock 50
Vi
1st
g 4s.. 1951
r a
J-J
Joseph si k Yds
L Ter Cupples Stat'n * Prop
Co 1st u %s 5-20 year.. 19 17 J-D
S Yuba Wat Co con g 6s.. 1923 J-J
Sp Val Wat Works 1st (Is 1906 M-S
U S Ked & Bef 1st s f g 6s. 1931
1
50
95%
95%
96
Feb '02
96
38
50
90% 100
102
St
95
73
55
;,:.
634
110 l4
95
74
1
1
101
105
1
Feb':
i:;%.i 15 i"'
>5
LeathCosfdebg6s..l913 M-N 111
11034 Nov'02
110%116%
*No price Friday; latest bid and asked, o Due Jan Due Feb oDue Mar d Due Apr g Due J'ne ADue J'ly * Duo Aug p Due Nov
I)
85 %
"91%
13 'SO""
79
M-N
Mad Sq Garden 1st g 5s. .1919 M-N
Man Bch H& Lgen g 4s.. 9 10 M-N
Newp Ne Ship & i> D5sdl990 J-J
1
100
107
103% 107%
I
St
A-O
M-N
F-A
Jan
123%
Miscellaneous
95
M-S
F-A
F-A
1
101%
96
94% 95
8 100
'02
108
113
97
127%
<fe
J'ue'01
%
'02
90%
1253i
105% J
.
107
A-O
A-O
A-O
M-N
M-N
Wash Cent See Nor Pac
W SeeSoutln
Wash
West N Y<fe Pa 1st g 5s.. 1937 J-J
123
1(11
1939
1939
1939
1939
2d gold 5s
Debenture series a
B
1st Hen equip 8 td g 5s. .1921
Del <fc Ch Ext 1st g 6s.. 1941
Des Mom Div lstg 4s. .1939
19
Oil! Div 1st g3%s
Tol & Cli Div Istg4s...l9tl
St ('has Bridge 1st g 6a. 1908
98
MISCELLANEOUS
ninnufacturin» cV Industrial
Am Hide
1st sfg6s.. 1919 M-S
W
89% "9(8"
96 '4
100% 22
99%J'm on
W
1
abash 1st gold 5s
Warren
1941
Registered
1949
Mort guar gold 3%s.. fcl 929
Registered
fcl929
GalHar& S A Istg6s..l910
2d gold 7s
1905
Mex<fc Pac lstg 5s
1931
Gila VG<fcN 1st gug 5s. 1924
Hous E <fe
T 1st g 58.1933
I
Ore Ry & Nav con g
Ore Short Line Istg6s..l922
1st consol g 5s
1946
4s & participating
1927
Utah & .N01 1st 7s
1908
1926
Gold 6s
Uni N J BB& C Co See Pa 1:1:
null Central See RioGTWes
tan & North See Un Pacific
Utica & Black B See N Y Cent
See Mo 1'
\'rf Val Ind &
IrginlaMid See South i:y
I
97
137
Sen
130
122
130
W
'02
112'4
84
Sale
Sale
130
122
1
W
Cent Pac 1st ref gu g 4s 1949
gold 48..
115%
D
95%Nov'01
.
1
W
W 1st
1
124%
125% Feb 02
111
1st gold 68....1934
F<fc
1st gold 5s
1934
A& N W lstgug5s
105
A-O
1
81 34
1931
La Div BL lstg 5s
90 % Tol& O C 1st g5s
L935
Western Div 1st g 5s... 1935
193;
General gold 5s
117
1990
Kan & Mist gu g 4s
I
SA
J-J
A O 105%.
J2000 Mar
2d gold inc 5s
Tol StL&Wprlieng3%8. 1925
."iH-year gold 4s
1950
Tor llam&Bult 1st g4s.A1946
113%118'>i Ulster* Del 1st con g5s 1928
n Pac nil & gr g 4s.. 1947
20 104 109
1947
stered
1st hen oui 11
106% 107%
Begisten
19J
133*2 Sep '02
112%
110% 114%
127%FeD'02
11234
11 2%
1894-1944 F-A
1st con gold 5s
1
139
High,
110
<fc
1!
135
Low
Oct '02
11()34 Nov'02
90 % Nov'02
r
133% 141 % TolP&
139
112
A'O
January 1
118% Sunb
101
100
87
80%
88
88
High
86%
St LM BgeTergugos.1930 A-O
Tex <& N O See So Pac Co
Tex & Pac E Div 1st g6s
905 M-S 102
96%100%
2000 J-D 120%
1st gold 5s
12
Since
111
86 34.
J J
J-J
A-O
Low
Ilar.ge
==;4;
105%Nov'0l
J-J
1926 M-S
1936 M-N
1936 M-N
Guar stamped
WO<fe
lstcv gu 4s.. 1924 FA
West N C 1st con g 6s. .1914 J-J
S & N Ala See L & N
Spok Falls & Nor 1st g 6s. 1939 J-J
Stat Isl By 1st gu g 4%s..l943 J-D
125%125%
100
1937
g 5s. .1908
Registered
1908
Nor Div 1st gold 4s
1948
Minn Union lstg 6s
1922
Mont C 1st gu g 6s
1937
Registered
1937
1st guar gold 5s
1937
WU1& S F 1st gold 5s.. 1938
St P <fe Nor Pac See N or 'ao
3tP<fcS'xCity See est PM<8sO
SFePrescfc Ph lstg 5s.. .1942 il-S
& A P See So Pac Co
V & N P 1st sink f g 58.1919
div
A-O
C 6s.. .1916 M-S1921 M-S
& Lew See Penn BE
W
Syra Bmg & N Y See D L
pebo<feN SeeMK&T
93% 98% 1 er A of St L 1st g 4%s..l939
81%J'in- 02
88
1910
ext 1st gold 4s
Registered
.
. .
97 \t
L933
Mont
105%111%
107
130
114
96
100
Nov'02
Noi 02
Sep '02
94 '>
94%
125% J'ne'02
1221-2
2d g4s inc bond ctfs...pl989
Trust Co oils
Consolgold 4s
1932
Gray's Pt Ter 1 st gu g 5s 194
St Paul & Dul see Nor Pacific
St Paul M & Man 2d 6s. ..1909
1933
1st cousol gold 6s
Registered
1933
Reduced to gold 4 'as.. 1933
EMinulst
130
115
101
100
100
M
M
Dakota ext gold
Guaranteed gold 5s
1938
Ore <fc Cal 1st guar g 58.1927
S A<fc APasslstgug4s.l943
So P of Ar gu 1st g 6s. .el909
1st guar g 6s
cl910
S P of Cal 1st g 6s
1905
1905
1st g 6s series B
lstg 6s series C <fe D...1906
lstg 6s series E& F...1912
1912
1st gold 6s
1937
1st con guar g 5s
Stamped
1905-.. 1937
SPacofNMex lstg 68. .1911
S P Coast 1st gu g 4s.. ..1937
1905
Tex <fc N O 1st 7s
1912
Sabine Div lstg 6s
1943
Con gold 5s
Southern— 1st con g 5s
1994
1994
Begistered
Mob & Ohio coll tr g 4s.. 1938
Mem Div 1st g 4%-5s... 1996
St Louis div 1st g 4s
1951
1918
Ala Cen B 1st g 6s
Atl& Danvlstg4s
1948
Atl& Yau lstg guar 4s. 1949
1916
Col & Greenv 1st 6s
E T Va <fe Ga Div g 5s. .1930
1956
Con 1st gold 5s
E Ten reor lien g 5s
1938
1922
Ga Pac By 1st g 6s
Knox & Ohio 1st g 6s.. .1925
Rich & Dan con g 6s
1915
Equip sink fund g 5s. .1909
Deb 5s stamped
1927
Rich & Meek 1st g 4s. ..1948
So Car & Ga 1st g 5s... .1919
W
105% 105%
108% Aug'02
105
105
130
115
1906
1931
Registered
NYT&Mexgulstg4s.l91J A-O
No of Call st gug6e....l907 J-J
Virginia Mid ser
Series D 4-5s
Series E 5s
General 5s
Week's
Hange or
Last sale
Price
Friday
Nov 21
ca.
W
.
&
P M & Co certfs
Y & Asa 1st con 58.1927
Boch &
111
101
Rich & Meek See Southern
1939
Rio Gr West 1st g 4s
Consol and col trust 4s .1949
Utah Cent 1st gu g 4s.al917
Rio Gr June 1st gu g 5s. ..1939
1940
Bio gr So 1st gold 4s
Guaranteed
1940
1
Ask
High Ao Low High Southern Pac Co— (Continued)
Bid
HE&WTlstgu5sred.l9:;:; M-N 102%103 a4
102 Nov'97
HA T C lstg 5s intgu.. 1937 J-J 111
112 34Mar'00
Consol g 68 int guar. ..1912 A-O
Gen gold 4s int guar. .1921 A-O 90% 93
111 Sep '02
111 111%
Waco & N div 1st g 6s '30 M-N
Morgan's La & T 1st 78.1918 A-O
iiT'May'OO
1st gold 6s
1920 J-J
120
Y Cen
^Registered
Jersey Cent coll
Rensselaer & Sar See D &
Rich <fe Dan -See South By
January
STOCK EXCHANGE
Week Ending Nov 21
N. Y.
Ask Low
U25 128% 130k Feb '02
Y See
Pitts McKees
L E 1st g 5s... 1940
Pitta Sh
..1943
1st consol gold 5s
1917
West 1st g 4s
Pitts
&
oqta
[Vol. t.xxv.
BONDS
L'ange
Since
Last Sale
110
101
112
CCC&StL
W
Week's
Range or
107
108
104
Cl&Marlstgu g4%s..l935
Pensaeola & Atl See L & Nasli
Peo & East See
Peo & Pek Un 1st g 6s. ...1921
61921
2dgold4%s
Pere Marq— F & P M g 63.1920
1939
1st consol gold 5s
Pt Huron Div 1st g 5s. 1939
SagTus& Hlstgug 48.1931
Pine Creek reg guar 6s. ..1932
Pitts Cin & St L See Penn Co
Pitts Clev & Tol 1st g 6s. .1922
Pitta Ft
& Cli See Penn Co
1922
Pitts June 1st gold 6s
Pitts & L Erie 2d g 5s...al928
Price
Friday
Nov 21
Bid
Penn
i
1
Oct '02
84% 89*
Due Deo *Optionsaie
— ——
——
.
NOTEMBKR
THE CHBONICLE.
22, 1902.]
Gas
of Business at
Volume
Nov
Stocks
Jackson Gas Co
5s g 1937
Kansas City Gas
5s 1922
Laclede Gas
Saturday
...
....
Tuesday
Wednesday.
Thursday...
Friday
Total.
U 8
State
>frc
Bonds
Bonds
Bonds
Sh ares
Bar value
660,630
721,686
645.JH0
905,278
768,496
1,085,156
$62,612,500
67,353,300
61,318,600
86,451,300
73,257,850
103,457,000
$2,380,500
3,061,500
2,108,000
2,009,500
1,940,500
2,815,000
$10,000
1,000
10,000
4,786,752 $454,350,550
$14,315,000
$21,000
1902
Monday
Railroad
21
Sales at
Stock
Week ending Nov 21
New York
Exchange
1901
1902
January
1 to
1902
$10,000
500
1,000
9,000
11,500
27,000
$59,000
Nov 21
1901
169,059,155
245,627,367
4,401,443
4.786,752
Stooks— No.shares
$23,828,794,225
Par value...., $454,350,550 $402,065,300 $15,987,170,350
$423,000
$130,575
$1,000
200
Bank shares, par
BONDS
$59,000
21,000
14,S15,000
$13,500
14,411,000
$1,243,400
3,479,900
807.887,650
Total bonds....! $14,395,000
$14,424,500
$812,610,950
Government bonds
State bonds
R R. and mis. bonds
,
$1,625,070
2,381,300
901,700,600
$905,706,970
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Week ending
Nov 21
1902
Philadelphia
Boston
Unlisted
shares
Listed
shares
Bond
sales
Listed
shares
Securities
Un listed
Bond
sliares
sales
Monday
Tuesday
Wednesday
Thursday....
Friday
Total.
10,658
10,620
9,897
10,976
10,439
16,765
16,181
15,072
17,254
17,075
19,548
16,531
$23,000
38,700
46,760
57,200
30.400
32,000
17,339
30,191
17,589
27,761
27,072
50,446
6,185
4,190
2,159
3,523
2,770
4,249
$43,000
77,000
89,600
43,400
93,032
113,660
69,355
101,661
$228,060
170,398
23,076
$459,722
50
100
A-O
J-D
1926
50
Providence Gas
st Joseph Gas 5s 1937. J-J
StPaulGas Gen 5s'44M-S
Syracuse Gas 5s 1946.J-J
United Gas<fcEleo,N J 100
100
Preferred
1st 6s
Telegr
100
So Amer... 100
Ches<fe Poto Teleph. .100
J-J
5s 1909-29
100
Commercial Cable
Commer Un Tel (N Y).25
Emp & Bay State Tel 100
100
Franklin
100
Gold& Stock
4*2S, 1905
Hudson River Teleph 100
New Eng Telephone See
Northwestern Teleg. .50
N Y & N J Telephone 100
M-N
5s 1920
25
Pacific & Atlantic
Providence Telephone. 50
Southern & Atlantic. 25
Tel Tel & Cable of Am. 15
<fc
.
3
3
4' 4
4
7
4
t
t
5
12
3
12
41
62
99
125
125
25
150
'
13
43
65
101
25*8
160
Guggenheim Explorati'n
4
3
HackensackMeadowslOO
100 115 125
Hall Signal Co
Havana Commercial. 100 18*2 20
104
107
101 104
Preferred
100
35
45
10434 105*2 Havana Tobacco Co (w i)
Preferred (w i)
175 184
110 120
Hecker-Jones-Jew'l Mill
M-s
84
78
1st 6s 1922
55
Herring- Hall-MarvinlOO
47
120 123
1st preferred
100
100
2d preferred
Hoboken Land& ImplOO
102 108
Bosto n list
M.N
5s 1910
Houston CHI
122 126
100
Preferred
100
163 166
Hudson Realty
2110 112
(full paid)
85
Int erboro
80
126
1 114
40% paid
Internat'lBankingColOO
96 102
International
Salt
100
2*2
6
t
60
46
65*2
96
International Silver. 100
Preferred
100
1st 6s 1948
J-D
John B Stetson com. .100
Preferred
100
Lanston Monotype
20
Lawyers Mort lnsur.100
Lawyers' Title Ins.. .100
Lonllard (P)pref
100
Madison Sq Garden.. 100
2d 6s 1919
M-N
Manhattan Transit
20
Mex Nat Construe, pf 100
Monongahela R Coal. .50
100
2
3
30
40
5
10
15
18
50
115
120
70
121*2
195
10
47
15
32
100
160
140
Istg5sl951
176 180
Stock Exch
200
210 214
110
t.
41
44
79
81
125
18*2
18
69 *» 70
62
47*a
67
105
106
RT
Ferry Companies
Outside Securities
35
42
2 34
8
f
28*a
75
18
13
28
30
Preferred
Companies
Chicago Edison Co. ..100
Edison El 111 Brk 4s N Y
Hartford (Ct) Elec Lt 100
KingsCo Elec L&PColOO
Narragan (Prov) El Co 50
NY<fe Q El L&PowColOO
100
Preferred
Rho Isl Elec Protec Col 00
United Electricof N JlOO
J-D
48 1929
73*2
Electric Boat
& Telephone
Bell Teleph of Buffalo
Central
66
84
27
Dominion Securities. 100
110
60
50
109
141
72
Ask
20
107*
19*g
103
15
100
100
Electric Lead Reduo'n.50
Preferred
50
Electric Vehicle
100
Preferred
100
Electro-Pneum'icTranlO
20
Empire Steel
100
56
Preferred
100
112
General Chemical
100
95
97
100
Preferred
94
92
Gorham Mfg Co com. 100
2100 102
100
Preferred
37 34 39
88*2 89*4 Greene Consol Copper.lO
Log&WabV lst6s'25.J-D
Madison Gas 6s 1926.A-0 2107
Newark Gas 6s 1944. Q-J 2140
Newark Consol Gas.. 100 70
5s 1948 See Stock Exch list
O&IndConNat&IUlOO
Industrial and Miscet
Bid
15
Cons Storage BatterylOo
Continental Tobac deb 7s 104
60
Cramps' Sh<fe En BldglOO
Ask
Crucible Steel
100
Preferred
100
12
100*2 101*2 Distil'gSecnnt'snew(wi)
New 5s (when issued)..
90
A-O 8101
100
100
Preferred
Lafay'eUaslst 6s'24.M-N
Electric
Saturday
Bid
75
60
103*2 105
83
Indianapolis Gas stock 50
M-N
1st 6s 1920
Stock Exchanges
TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
DAILY. WEEKLY AND YEARLY
Week ending
1135
200
12
53
24
60
100 *a
180
160
10
9h
f
265
370 380
126 135
19
14
55
5°b
5
f
10
38 34
5 78
6
Preferred
50 f
102*2
Mosler Safe Co.. .....loo
20
National Bread
100
Con 53 1948 See Stock Exch list
Preferred
92*a
110
100
108
Ferry
Metropolitan
5s...
29
Street Railways
26
Street Railways
National Carbon
Bid
Ask N Y & E R Ferry stk.100
82
100
Bid
Ask
95
98
loo
95
Preferred
Detroit United KySee Stk Exch list
M-N 8 94
NEW YORK CITY
1st 5s 1922
33*2
33
Enam'g<fc
51
Stamp 100
100
49
Grand Rapids Ry
N Y <& Hoboken stk.100 70 72 Nat
34
36
Bleeck St<fe Ful F stk 100
84
88
100
97*2
2112*2
Preferred
114
94
Preferred
100
Fy
1st
1946
M-N
Hob
5s
J-J 100
101
lstmort4s 1950
86*2 National Surety
100
86
Indianapolis St Ry See Phila list
J-D
Con 5s 1946
B'way & 7th Ave stk.100 248 251
6*2
105
NewBrunsCannelCoal lot 6
19 *a 20*s N Y<fe N J 1st 5s 1946. J-J 102
J C Hob & Paterson. .100
lstmort 5s 1904. ..J-D 100 *2 101
33
38
New
65
Central
Coal
20
4sgNovl 1949. ..M-N 78 79
10th & 23d Sts Ferry 100
J-J 107*2 109
2dmort 5s 1914
9*2
108
New Eng Consol Ice. 100 23
9
Lake St (Chic) El stk.100
1st mort 5s 1919. ..J-D 8105
Con 5s 1943 See Stock Excli list
101
40
41
New Eng Transpor..lOO
J-J i 99
Union Ferry stock... 100
1st 5s 1928
B'way Surf 1st 5s gu 1924 2112 114
116
117*2
96*2 N Y Biscuit 6s 1911. M-S 113
101*2 Louisv St Ry 5s 1930 J<fcJ 8115
Ist5sl920
M-N 96
2d 5s int as rental 1905 H01
'24.
113*2
NYMtge&Security.lOO 125 130
8112
J-D
Lynu<fe Bos 1st 5s
65 275
Cent'l Crosstown stk.100
Railroad
24
20
New York Dock
100
M-N 8123 126 MinneapStRySs See Stk Exch list
lStM 6s 1922
60
14*2 15
92*2 93*2
54
Prelerred
100
100
New Orl Rys Co
Chic Ind&Lgu4sl952J-J
Cen Pk N & E Kiv stk 100 210 215
\"
48*2 Chic Peo & St L pref. 100
100
47
13
N Transportation.. .20 t 11 12
Preferred
10
J-D 100 101
Consol 7s 1902
79*2
153
878
108
Nicholson
File
100
J-J
lien
2106
Co
4*«s 1952
Prior
g 4 *2S'30MAS
Christ'r& 10th St stk 100 190 195
6
93 100
NorAinLum'r&PulplOO
North Chic Str stock. 100 170 175
4
Con mtg g 5s 1930.J&J
Col<fc 9th Ave 5s See Stock Exch list
8
J-J
32
Ontario Silver
1st 5s 1909
Income 5s 1930
28
100
Dry D E B <fc Bat stk luo 120 130
40*2
39
30*2
40
Otis Elevator com
Denver & South'n ...100
100
1st gold 5s 1932. ..J-D 113*2 116*2 North Jersey St stocklOO
100
97
M-N 83*2 84*2 Northern Securities.. 100 106*2 107
Preferred
100
F-A 103 104*21 4s 1948
Scrip 5s 1914
30*4
Pittsburg Brewing
Pat Ry con 6s 1931. .J-D 8128 132
50
Ore Short L 4s w 1 See&iW Exch list
Eighth Avenue stock 100 405 415
46*4
2d 6s 1914
A-O 8100
35
Preferred
50
Pitts Bess&LE
F-A 105 109
50 t 32
Scrip 6s 1914
28*4
73
100
76
76
Pittsburg Coal
Preferred
100
50 t 71
42d& Gr St Ferry stk 100 410 415 Rochester Ry
«7*8
100*2
Preferred
100
Lis
91
Preferred
Pitts
<feW
con
100
100
70
75
(w
St
Ave
4s
42d St M <fc
N
1) t
A-O 8109*2 111*2 Rock Island See Stock Exch list
Pitts Plate Glass
100 126
Con 5s 1930
lstmort 6s 1910.. .M-S 111 112
99
2d 5s 1933
J-D 8105 108
Pratt & Whitn pref.. 100
99 100
2d income 6s 1915. .J-J
Industrial and .Hiscel
Procter* Gamble
So Side El (Chic) stk.100 106 109
100 337 340
Lex Av & Pav F 5s See St k Exc list
200
202
102
105
100
Syracuse
Rap
Tr
5s
1946
Acker
Mer
103
Preferred
Stk
E
list
&
Condit...6s
100
Securities
See
x
Metropol
Realty Assoc (BklynUOO 120 125
100 110
Metropol Street Ry See Stk K x list Toledo Rys & Light See Stk E x list Alliance Realty
27*o
104
28*2 A lli s-Chalm ers
22*4 23*4 Royal BakPowdpref.100 102
Unit Rys (St L Trans) 100
100
Ninth Avenue stock. 100 190 205
63
81*2 82*2
61
loo
Preferred
Preferred
Russell & Brwin
100
82*s 85
Second Avenue stocklOO 212 217
172
Gen 4s 1934
J-J 2 84*2 85
Amer Bank Note Co... 50 55
57
Safety Car Heat & Lt 100 167
lstmort 5s 1909. .M-N 2105*4 106
2*2
9*2 10
1*2
UnitRysSanFrau SeeStk Exch list
American Can com... loo
Seminole Mining
F-A 2118 119
5 f
Consol 5s 194S
162
47
49
Subscriptions
42*2 43
Preferred
Simmons Hardw bom 100
180
100
Sixth Avenue stock.. 100 175
1
90
140
112*2
West
Chicago
88
.J-J
St
100
American
130
135
Preferred
100
1945.
Jill
Chicle
C0..IO0
Sou Boulev 5s
*
97
Con g 5s 1936
M-N 8 95
Preferred
91
2d preferred
100 iio 142*2
90
100
So Fer 1st 5s 1919. ..A-O |108 110
34
American Elevated
1
Singer Mfg Co
100 300 320
Third Avenue See Stock Excli list
Gas
8*4
Securities
5*4
7 34
110
Standard Milling Co. 100
5s 192S 108
Amer Grapliophone...lO
6
Tarry
NEW YORK
8*2
30
31
Preferred
9*2
Preferred
YkersStRK 5s 1946A-0 111 112
10
100
78
80
5s
28th & 29th Sts 1st 5s '96 5113 114*2 Cent Union Gas 1st 5s... 2109*2 110*2 Amer Hide it Lea See Stk Exch list
Con Gas (N Y) stock N Y Stocli Exc Amer Press Assoc'n.loo 85
Standard Oil of N J. .100 *658 660
Twenty-Third St stk.100 408 415
95
list
Stk
E
x
45
38
J-J
102 106
Equit Gascon 5s 1932 See
Amer Shipbuilding.. .100 56
Standard CouplercomlOO
58
Deb 5s 1906
Mutual Gas,
Preferred
Preferred
100 320 335
100 135 140
Union Ry 1st 5s 1942 F-A 118*2 119
100 107*4 108
7s
3,
Am Soda Foun com. .100 4
6
Storage Power
Westchest 1st 5s '43 J-J 113*. 114*2 New Amsterdam Gas
50
109
1st consol 5s 1948.. J-J 2108
1st preferred
Swift <fc Co See Boston st k Exc h'ge
68
74
100
BROOKLYN
NY GEL H<feP See Stock Exch list
2d preferred
1st 5s 1910-1914.. ..J-J 2101*2 102*2
18
24
100
American Surety
Tennessee Copper
16^
Atlan Ave 5s 1909.. A-O H03 104
N Y & East River Gas—
25 t 16
50 175
114
A-O 113
1st 5s 1944
Am Strawboard rects 100 47 49 Texas <fc Pacific Coal. 100 70 75
J-J 8112
Con 5s g 1931
112
Consol 5s 1945
Bonds 6s
Inipt 5s See Stock Exc h list
J-J 8109
1st 6s 1908
A-O 2106 110
F-A 100
E 5s 1933. .A-O 102 104 Nor Un 1st 5s 1927. M-N 2105 108 Amer Tobacco com... 50 310 330 Title Guar &Tr (new) 100 500 535
BB&
Standard Gas com
Preferred
160
Brooklyn City stock... 10 247 248
100 130 140
Title Ins Co of N Y..100 155
100 140 148
Preferred
Am Typefo'rs com. ..100 42 44 TrentonPotteriesoomlOO 16 22
Con 5s See Stock Exch list
100 150 160
8115*2
118
1st 5s 1930
Preferred
108
Bkln Crosstn 5s 1908. J-J 104 107
M-N
97 100
Preferred tr crts
1 00 101
loo
Am er Writing Paper. 100
5*4 Trow Directory new. .100
70
75
Bkn Hgts 1st 5s 1941 A-O 105 108
5
OTHER CITIES
Bkln Q Co & Sub See Stk Exoh list
Preferred
20
3
21
Union Copper
2 34
10 t
100
37
Bklyn Rap Tran See Stk Exch list
Amer Light & Tract. 100 35
5s 1919
75
77
Union Steel & Chain. 100
J-J
5
90
94
J-J 8
Ret g 4s 2002
Preferred
Barney & Sm Car
87
100
15
19
Preferred
100
100
Coney Island & Bklynl 00 360 400
Baltimore Consolidat See Bait list
Preferred
92
128
UnionSwitch&SignalSO
100
1st 5s 1903
J-J 100
1% 1*2 Bliss Company com
Bay State Gas
105
50
Preferred
50
50 145
Ssertfsindbt 1903.. J-J 100 100*2 Binghamton Gas 5s 1938 8 92*2 95
Preferred
Union Typewr com. .100 125 129
50 140 145
Brk C <fc N 5s 1939.J-J 114 116 Boston United Gas bonds Bos to n list Bond&MtgGuar new 100 390 400
1st preferred
100 125 130
10
GrSt&Newlst5s'06F-A 103*2
9
Borden's CondMUk..lOO 116*2 118
Buffalo City Gas stocklOO
loo 124 128
2d preferred
77*2
Gr*pt &Lorimer St 1st 6s 105 107
Preferred
1st 5s 1947
14
A-O 75
100
10
U S Cotton Duck
100 108 109
Kings Co. Elevated
Brit Colum Cop See Bost Stock Exch U S Envelope com.. .100
20
Chicago Gas See N Y Stk Exch list
10
98*4 98 H Camden Land
1st 4s 1949 See Stock Exch list
*4
Cincinnati Gas & EleclOO
77
3&
Preferred
100
74
20 t
Nassau Elec pref
100
Celluloid Co
83
85
Col Gas L <fe Heat eomlOO 106 108
loo 115
U S Realty & Con See Stk Exch list
5s 1944
A-O 113 115
Cent Fireworks com. 100
Preferred
100 108 109
20
25
U S Reduct&RenninglOO
1st 4s 1951
JJ
Preferred
88
89
Col Gas 1st 5s 1932 J-J 2107*2 108*2
Preferred
63
6s
100
...100
'.'2
3
Wb'g& Flat 1st ex 4^8. 105 106 Consol Gas (N J) stk.100 17 19
Central Foundry
3*4
15
2
100
U S Shipbuild'g (wh iss)
4
Steinway 1st 6s 1922.J-J 2117*2 119
87*2 90
Preferred
14*2 15*2
1st 5s 1936
J-J
Preferred( when issued)
58
100
Cliesebrough Mfg Co 100 450 470
90
Consum Gas (J City)
5s (75% pd)
OTHER CITIES
103
Clallin
100*2
M-N 2102
(H B) 1st pref 100
1st 6s 1904
93
96
U S Silver Corp 6s (w i). 100
Buffalo Street Ry
86
2d preferred
Detroit City Gas
50 t
92
97
100
U S Steel Corp 5s iwh iss) 96 98
1st consol 5s 1931.. F-A 8113
35
114*2 Essex <fe Hudson Gas 100
34
Common
Coltr5sSerB<fcD1951 113 115
90
95
100
Deb 6s 1917
A.O 8106*2
O0I& HockCoal&Ipf 100
Fort Wayne 6s 1925.. J -J
40
50
3
4
60
65
Universal Tobacco.. .100
Chicago City Ry stk.100 210 213
Gas<fcElec Bergen Co 100
1st g 5s 1917
100
10
80
90
Preferred
J-J
16*a
Chic UuionTrac&eeSt'ck Exch list
Grand Rapids Gas
Compressed Air Co. ..100
31
32
1=8
1 7 Va Iron Coal <fc Coke. 100
Cleveland City Ry
100
115
Consolid Car Heating 100
1st 5s 1915
M-S
72
74
F-A 2103 105
60
65
5s 1949 Ctfs
Cleveland Electr Ry.100
80*2 90
58
Consol Firew'ks com. 100
27
30
Hartford (Ct) Gas L...25 t 52
100
10
Vulcan Detinning
20
Columbus (O) St Ry..l00 56
59
Hudson Co Gas
41
43
Preferred
100
77
100
Preferred
79
55
100
Preferred
100 107 109
5s g 1949
M-N 2103*2 104 Cons Ry Ltg&Refng.lOO
5=8
5 34 Westmgh Air Brake.. 50 tl70
Colum Ry con 5s See Ph ila list
Consol Rubber Tire.. 100
Indiana Nat <fc 111 Gas—
*2
12
12 34
1*4 White Knob Mining.100
Crosst'wnl8t5s'33.J-D|8109 111
1st 6s 1908
M-N
49
Debenture 4s
Worthing Pump pref .100 123 128
11
2 Buyer pays accrued interest.
a Ex rights.
t Price per share.
f Sale price.
A
Brooklyn Ferry stocklOO
Weekly Review ot Outside Market will be found on a preceding page.
;
i
'.
NY& B 1st 6s 1911.J-J
110
13
113
i
'_'.">
WP&M
W
i
*.,
(
4
4
4
5
BOSTON STOCK EXCHA.NHE -Stock
Record, Daily,
Share IVices —Not Por Centmn Prices
Monday
Saturday
Jtfov. 15
1/
81 4 82s4
154
•
120
200
....
193
Weekly and Yearly
Range Since January
EXCHANGE
Shares
Range
1
1902
the
Week-
ol
Highest
Lowest
Loirest
Railroads
Top * Santa FelOO 8,554
74% Jan 27 964 Sep 9
Do pref
100 1,317 954 Marl 2 106 Sep 2
102 258 Sep 27 :66 May 9
Boston & Albany
100
Boston Elevated
ion 1,084 2150 Aug29 73 4 Marl4
1544 155
154 156
153 153
154 155
22 236 J'mi:; 48 Apr 8
241
2424 2424 "242 242 4 242 2424 2424 2424 Boston & Lowell
100
19
192
192
Boston
1924
66 191 Jan 2 !09 Apr28
1924193
100
193
193 193
& Maine
Last Hale 175
175
Nov'02
Do pref
i"75"
171 Oct 20 83 Apr 26
175
100
-300
*300
Boston* Provident sel 00
2 2974J'ue20 J07 Mar'20
300
300
300 300
1514 152
153 UkicJuncRy& US Y loo
170 150 Sep 30 172 Mai'Jt.
152
152 1 54
150 154
155 155
126
126 126
125
10 125 Oct 1 136 Mar26
126
Do pref
126
100
"195" 200 Con& Mont Class 4.. 100
'195 200
* 1.97 4 200
105 200
Vovl3 02 Jan 27
iit'9" 199
3
"160
160
1 160
160
160 Conn & Pass Riv pref 100
J'ne23 00 4 Feb 10
160
160
28"54
'282
"282
72
285
285 Connecticut Kiver...loO
280 Oct 22 .05 Feb 6
284
283 285
143 144
142
144
144 FitohtmrR pref
140 142 Jan 24 148 Marll
142 L4 142 1
142 142
TOO
*47
Last Sale 494 Sep 'Oi Houston El'tric com. 100
"47
*47
50
50
47 J'ly25 50 J'nel'2
50
a St Sale 173\s Oct '02 Maine Central
172 Jau 7 7s 4. fly 10
100
36
.410
36
36
36
36
36
374 Mass Electric Cos
33 4 Jan 28 45% Apr 21
4
4
100
36% 364 36
97
166 92 Jan 13 99 J'ne 6
97
97
97
964 97
Do pref
964 964 964 98
100
100 22% Nov 15 31 Mar31
*234 24 4 -234 244 "234 244 *23 4
244 Mexican Central
234 23
100
458 210 Jau 31 254 Apr 28
225 Jfl'HHA Hart.. ..100
225 2264 2254225% 225 225 34 225
225 225
175
4 170
175
Jan 14 175 Jan 3
Northern N H
100
232*" 232
'232
*232
43 230 Jan 9 238 Apr 3
230
Norwich <fe Wor pref 100
2094210" 210 210
210 210 *210
2094
9 2084J'nel8 217 Apr 4
Old Colony
100
SO
SO
210 68 May20 85 4 Sep 10
79
79
80
80
Pere Marquette
100
"82
"82 4 85
39
80
85
80
79 4 May 19 91 J'ly30
81
81
834
Do pref
834
100
His
71
155 70 Sep 12 1254Apr23
'70
70
704 71
72
72
Rutland pref
100
212 25 Nov 3 31 J'ly30
25
25
27
25
25
25
25
Savannah Elec com.. 100
"79
79 81
Last Sale si
80
Nov'02 Seattle Electric
81
58 Jan 8 90 Mavl3
100
104 104
22 103 Oct 6 110 Marll
104 104 *103 105 "103 105
Do pref
100
100 '4 100% 101
99% 100
98% 100
1024 Union Pacific
100% 101
100 3,70: 984 Feb 28 113 Aug26
90
230 86% Mar 11 94%Aug29
90
89
904 90
90*4 90 "4
90
91
91
Do pref
100
Last Sale J 74
Nov'02 Vermont* Mass
172 Jan 15 178 J'lvl4
100
"94 34 95
95
161 924 Oct 4 99 Marl8
"94
95
94
95
94
95 4 West End St
50
*113
'1134H44
21 112 Sep 12 117 J'nel6
*1134.
1134 1134
Do pref
50
Last .sale 2714 Oct '02 Wisconsin Central... 100
19 4 Jan 28 34%J'ly29
Last Sale 554 Sep '02
39% Jan 28 55 4 Sep 4
Do pref
100
Last Sale 145
Nov'02 Wore Nash & Roch.,100
145 Novl2 1524Mayl2
Miscellaneous
400 20 Novl5 32 4J'ly29
214 Amer Agricul Chem.100
21
214 *204 214 '204 214 204 21% 21
"79
80
80
79
635 784 Oct 24 91 J'ly29
79
79
79
79
80
79
Do pref
100
"6
64 *6
60
6 4 Amer Pneu Serv
4 Jan 21
64
64 64 "6
64 "6
9 34 Mav22
50
Last Sale 23
23
Nov'02
21 J'nel9 37%May22
Do pref
50
3
117
1184
118%
120 4 120 4 1214 Amer Sutfar Retin
115 1174 116 4ll9
100 35,196 112% Novl2 135 4Mar31
343 115 Jau 4 123 Sep 4
118 1184 117 1184 118 118
118
118
1164117
Do pref
100
1604 1614 160 34 1614 1614 161 34 Amer Telep & Teleg.100 3,189 155 Mar 1 185% Apr 4
160 "4 1614 161 162
1
3
400 13 Apr 23 174 Jan 7
134 "76" 13 4 '13
14 Amer Woolen
134 13 4
13 4 14
100
"75% 76
442 73 Apr 24 80%Jan 2
764 70
75
76
76
764
76
Do pref
100
*4
Nov'('2 Boston Land
44 Last Sale 4
44 *4
44 *4
3% May 5 44 May 6
10
Last Sale 125
123 128
125
Nov'02 Cumherl Telep & Tel 100
125
1224 Apr 4 130% Apr 30
55
534 54 4 54
55 Dominion Iron & St
5, 1 90
54 % 55 4
54% 55
544
25 Jan 15 79% Aug20
"7% 8
74 74 -74
250
74 7 4
7
8
7 Novl2
7
East Boston Land
9% Mai 27
2674 267 4 2674 2674 Edison Elec Ilium... 1 00
43 244 Jan 2 285 May 9
267 42674 '260 265
265 265
111 11171% Oct 13 332% Apr 9
ITS 180 "1754 178 "179 181
178 178
1804 180 4 General Electric
00
364 37
36 4 374
37
364
364 304 36% 36 3
Mass'chusettsGrasCoslOO 1,871 364 Nov 15 41 4 Oct 20
824 824 82
824 82
82 34 82%
82 4 83
834
Do pref
100 1,520 82 Novl4 87 14 Oct 2
86 170 Jan 2 190 Sep 8
'187
187 187 *187
1»7 187
187
188 4 Merprenthaler Lino.. 100
....
"2
"2
*2 ....
24 Last Sale 2
Nov'02 Mexican Telephone.. 10
2 Jan 6
24
3% Apr 7
Last
Sale
87
87
Nov'02 N E Cotton Yarn pref 1 00
37
87 Nov 13 934J'nel6
87
110
ib'e"""
136 137
•>an
136 136
137
138 N E Telephone
135
2
136 137
151
Apr 30
100
JH
10 28 Nov20 414Sep 10
28
Plant Comp new com. 100
2244 226
201 216 Jan 7 250 J'lV-'l
226 2264 225 225
226
226 Pullman Co
225 226
100
-9 78 ...
"!•'«. .-Last Sale 10
Nov'02 Reece Button- Hole.. 10
*9%....
6 Jau 23 10 4 Oct 30
118 124
126 1314 1224126
130 132
119% 120 Swift & Co
100 3,00s 100 Jau 9 177 J'ly28
"26
"26
"26
27
27
40 26 Oct 9 27 Jan 2
*26
27
27
Torringtoii Class A.. 25
Last Sale 29\" Nov'0'2
•294
*294..-*294....
28 .Jan '23 30 Oct 30
Do pref
25
* 1 4
Nov'02 Union Cop L'd & Mg. 25
*14 2
24 -14 24 Last Sale 1 4
14 Aug 15 2 4 MarlO
107 107 4 108
1074 107
1074108
107 4108
110 United Fruit
100 2,857 854 Jan 8 117 Sep 22
j lo 46
*484 49
*484 49
49
49
Jan 2 574 May 1
49
48 3 United Shoe Much.
49
48%
'2")
31
31
301 29 Jan 2 334 Apr 28
31
31
30 34 31
*304 31
Do pref
090
12
124
124
124
4
114 Jan 25 15 4 Sep 22
100
12% 12%
U S Leather
Last Sale
Nov'O
100
804 Jan 22 91 4 Sep 22
Do pref
Last Sale 16
Nov'02 U S Rubber
134 Jan 26 19% Oct 2
100
Last Sale
Nov'02
49 Jan 2 0'2'4Mar25
Do pref
100
3 Nov 11
37
36
36
36
4,376
37
4
loo
35
364
36% 37
a
36%
374 U S Steel Corp
46 34 Jan 7
4
Novl4 07 4 Jan 7
83 4 83%
83% si '4 S3 %
8
844
100 3,020
Do pref
844 84 4 84
"•80
•90
-90
•75
•75
210 •724 .Mar 11 12 4Api 15
•80
"•SO
-90
-h()
West End Land
25
268 •2C; Not 15
25
25 4
25
25
25
25
25 4 West Telep & Teleg.100
\pr 4
25
25
381
98
97
98
98
99
4
97%
98
91 Feb 28 106 4 Apr
98
98
100
Do pref
"97 101
Last Sale in.,'-. Nov'02 Westing E1& Mfir... 50
*97 lol
103
864 J an 1 115 4 Apr 9
"103 104 4 104
'103 106
18 89 J an '20 117 Apr 9
*103 106
*99 103
104
50
Do pref
Wining
3
2,225
16
15
16
16'4
17
15 34 Novl9 (1244 Apr28
174
17
16
4
Con
25
164
Adventure
164
60
AuglS
'1 Mar
*24 '-•',
2
24 2 4 "2 4 24 *24
»24 24
24 Allouez
25
3
l
55
68 4
53 4 55
60 Amalgamated lopperlOO 19,950 53 '- Nov Lo 78% Feb 1
54 34 65%
54 4 56 4
57%
J
3
/,
a
1
*
ale
l
H
I'eNoi
Nov'02 Amer Gold Dredging 5
3 4 Apr 8
2
2
2
Last Sale 10
9 4 Mat 27 164 Ply
Nov'02 Am /.me Lead a Sm. 25
60 21 Nov 15 35 Jan 33
Anaconda
25
214 224
"3% 4 '4
601
"44 44
3 4 Jau 14 134 Mario
44
4
4
44
44 Arcadian
25
3
•75
"4
3 Arnold
•75
50 •50 May !l
•60
"4
•60
"4 1
Jan 31
4
1
25
4
380
7 Novl2
7
74 74 *74 7 4
7
7 4 Ltlantlo $9-80 paid
7
7
7%
84 Xi.i
25 4 26
1,880 •.'Hi.. Jan 17 :;o-4 Apr 21
25 h
254 25 \
25
26
264 Bingham Oon U m<S
25
25
"•60
•65
•60
•65
•60
"•60
300 •40 J'ly21 l»ao Mai 6
•60
•65
•65
•65
Bonanza (Dev Co)... 10
Last Sale 5
3
2 Jan 2
Apr '02 Boston (Quicksilver) 10
5 Apr 23
*54
I. a
sale 64
"54
5 4 Sep 10 104 Mar
Nov'02 British Colum Ltd).
"54
200 450 Nov 19 650 Feb 1
450 459
155 460
460 475
473 473
Calumet & Hecla ... 25
Last Sale 10
•10
"10 •15
April •12 Jan 20
J'ne'02 Catalpa (Silver)
10
J,
3
"•15
3,"020
1*6 4 "l 6
16*4
10
16
164
11 Jan 14 28
Mario
16
4
174
V
iitemnal
184
25
4
4
50
"6
*6
64 6 4 *6 4 7
•64
64 Novl3 8% May 3
7
7 Central Oil
7
o
•25
Last Sale 60
Apr 24
Jan 8
Oct '02 Cochiti Tr Co rects.. 10
83 4
83
984
98
259
155
84-g Atcli
22% 22%
222
222
*230
•210
70
70
25
79
25
81
104
104 34
994100%
89% 89 4
:,
94 4
94
11341134
20
20
80
801-2
54
54
114 4 1154
1164 116 \
161 4 162
13
13 4
76
76
44
-4
125
"53 4 55
*7
7*2
i
265
176
364 37
83
82
265
176
•187
•2
133
26
*294
*14
106
49
2
1071,
49
*304 31
12% 12\
36% 37%
83% 844
-90
*
98
102
99
*24
24
554
*9
2
11
21
4
21
4
25
•65
•70
475
*-10
-15
2
2
84
84
1%
74
3%
7 34
7
394
"44
39 H
5
14
24
*1
14
Uie
23
4
l
,
7%
84
3%
3%
15 34
7 34
39»4
5
2 5e
14
3%
12
14*4
12
11 34
14%
14
"1%
2
8
8
394
*44
2%
39S4
16
4
4
4
110
105
107
110
2
2
"2
24
1%
*1%
1 34
14
9
146
*14
*8
84
1474 1474 148
8
1'4
1',
l
l
4
100
100
84
9
'
87
•75
14
20
14
20-4,
6
3^
14
1^
»4e
b BefajJilk
.M
84
146
148
81
84
»%
3
H
4
14%
1 3<
146
"1
r
"84
Ik
«',
197,
13 34
204
13 34
20
5
5
58
•60
14
1%
1%
56
45
128
16
44
45
126 34
117
*1 34
9
2
84
34
3 *
1
1 34
16
55
126%
1164 "115
56%
24
9
34
124
12
12
14
144
14%
1%
54
34
'.j
34
58
-75
"•75
146
1
1
"Wb
2,475
30
Copper KangeConColoo 24,421
20 1,151
Daly-West
280
loo
Dominion Coal
IS
100
Do pref
150
I'.lni River
12
136
25
Franklin
2,020
Guanajuato i'oii»>l
075
Isle Royale (Copper). 25
25 3,448
Mass Consol
2L5
25
Mayflower
'oils
1
(
Mercur Cold..
'oiitmental Zinc
25
.
95
20 4
14
204 20 4
90
90
9
9
Nov'02
Tamarack
Tecumseh
Tnmountain
1
25
25
5
t
204
20% U
14
21
14
*54
1
-75
5%
3
68
1
4
"54
3%
59
•75
1
59
1
25
25
25
10
'25
25
25
J'ne
91
11
33
Mar
Jau
J'ly
May
21% Jan
J'ly
83
Mar
39
9% Feb
Mar
Dec
Feb 182% Nov
1
4 Dec
88
Dec
3% Mar
Jan
Apr
99
Oct
Nov
2
Jan
Mar
Aug
May
Mar
Mar
5
Sep 137
73
304 Feb 484 ^'ov
234Jau 30 Sep
9 May 16% May
74 Jau 83 4 Aug
13 4 Oct
Jan
34
Dec 82% Jan
33 May 544 Apr
86 4 J'ly 101% May
46
4 Oct
Feb
1 34
1
1
1
66
l
'
'25
'25
.
"385
,
S Mining \ tr ctfs. 25
States Coal &Oil 25
(Gold) trie is:,
Wolverine
25
25
25
Wyandot
2
Winona
dBetore pay' t of assess'ts called during 1902.
l
9
Feb 3
5% Jau 3
1.V-,
114May20 25 Feb
13 001 13 214 May
1 4 Sep 29
3% .Mar
3
Jan 6
7
K
1,022 d27 Jan 14
3 1
1%J'1.V 2J
Jan 25
1
"•205 148 Nov
1,620 14>oNovl9
4742\"t 12
Nov II)
6
•1
:,
4
PI,
184 Deo
9
11
so-',
Jan
14 J'ne
i
4
Aug
/.'.v,
Feu
Jan
622
4
],
Oct 2
Mai 10
1
1
',
Jan 81 50a
Feb
Fen
eb
Deo
Jan
Aug
204 Dec
44 Mario
25
Dee
4
1
4 Jan
dl34 Mario
lO'l Si
Dec
55
4 Deo
Nov 41 J'ne
May 63 4 Deo
Jan 120 Deo
Mar
Dec
7
114 Dec 26 Mar
1
Novl8
3,713
1
37% Sep
6% Oct
Jan
Sep
564 Sep
7 Jan
54 Deo
20
4% Aug
5% Oct
.Mar
::s'|
Dec 120
72
1
8 34 Oct
50 4 May
Sep
58 Apr
34 Fell 1 274 i"
st, Sep
575
5
May 14
34
34
Apr
Dei L87
333 1004 Nov 11 147
L25
;;
105
Dec 10 I'cb
1 4J'nel4
34 Mat 3
10 4 Apr
300
Sep 17
4
IS
315
May 22
8 B
230 " Dec" 363" Sep
301 L46 Novl!
160 •50 Jan 6
624 Dec 08 Feb
34
.1..11
5 ,,.;l
125
Feb 26 MO 4 Jan 58 Sep
N
M
at
Dec 41 J'ne
1,222
LO
84
184
27 •
134 Jau 14
Sep o
9 4 Jan 24 Apr
'
I
'
:
L3
nil
Victoria
]•'.!
24 J'ly 8
19 34 J 'ly '20,
65 '4 (let 29 44
Mar 1 56 J'ly 8 28
Jau 2 1464 Sep 6 32
5 1
1144 J n. '23 119 Jan 23 10^
14 Jau 10 54 Mar
2
7 34
Deo
91
4 J an 33 Sep
61% Oct 664 Aug
60% Dec 1294J'ne
5 4 J'ne
2 Nov
9 Feb 18 Apr
29 Dec 53 Apr
3 4 Dec 24% Mar
5% Mar
50c. Dec
15 4 Jan 43 4 Aug
1 v8 Ma(
1
Jau
54 May 74 Jan
011 4 Oct 234 Jal»
535 Dec 860 Mar
12 Dec •22 4 Apr
I04 Dec 34 4 May
8 Aug 13 Feb
Dec 134 Jan
4 Apr
1 4 Nov
15 Oil _•]
43 34 -Marl
2 34 Oct
b94Deo
Ml
2
i.tu
Jan
Jan
54
I
10
'25
nlted Coppet
214 Utah Con
"3%
25
25
Trinity
14
58
«VtscaUcd during 190L
i*46"
147""
20
"3
58
«3
58
146
Last Sale JO
194
*3
*12
95
-304 31
14
•204 21
"54
84
34
1%
Last Sale
19% 20
14
'4
20 4
3
4
110
i
,
'
*194 264 "19%
51
22 4
14 14
100
S% 8 7
"301.,
5S
"1%
,
14
154 154
4
3
34% J'ne
Jau 225
9
5% Oct
100 Dec 110
25 4 Dec 29
27 Jau 29
1
1%
1%
Jaa '02 Merced (Gold)
74
7
7% 7%
8 Michigan
74
394 394 394 3!> 34 40
40 Mohawk
"4 4
Last Sale 5
6
Nov'0'2 Montana Coal A Cokt
•2 4
2s
2%
2% Montreal* Boston..
2%
Last Sale i4
Sep '02 National
"1
14 *1
14 14
14 Old Colony
144 15 ,
15% 16
16 Old Dominion (Cop)..
16
50
50
49% 50',
53
51
Osceola
21
21
214 22»4 22
22% l'arrott(Silv,fc Copp)
4
4
"4
4
4
44 Phoenix Consol
110 110
108 108
'108
110 Quinoy
"2
24 *2
24 •2
24 Rhode Island
7
"14 l t
14 14 14
1% Santa Pe(Gold&Co|.
"8
84
84 84
shannon
3
2»4
22
13
20
5
1
(
.
4
107
84
1 27 32
"1%
•1
l l4
494 4U 34 50
214 214 "214
*2
84
34
7 34
22
-1
Aug
198
1
55
45
15^4
4934
146
1%
127 32 127 32
7
48%
14
84
J'ne
1274 Jan 146
(
34
124 *124 124
14
14% 14
144
•14 1% *14 1 34
15 34
Oct
153
"
12*2
2%
48
155
Nov
7
•1
53
45
45
127
115
*1
*1
99 Apr
1184 Apr
244 Apr
Feb
20
(
52% 53% 53%
53 34 55 \
45
45
45
45
45
4126'., "120 4
"127
126
128
127412734
*116 1174 115 4
'116 1174 117 117
»2
"2
2
*2
2\
!4
24
614 54
•4 4
1734Aug
217 Jan 270
184 4 Jan 2S8
l
45
127
115
38
61 Dec
108 Dec
132 4 >'ay
99 May
1
1
7
7
29% May
74 J'ne
173 Nov
231 Jus
212 4 Apr
95 Nov
89 Nov
120 Dec
21
4% Oct
1294 Nov 140 Aug
••.
1 16 ig l 15 io
»
Oct
4
•',.
.s
164 ll^
*6
.7'U8
Dec 130
Jan 182
70% Mar
l
•51-2 ....
470
1
-i
•6
24
Nov
J'ly
96
Dec 152% J'ne
103
112
151
14
'
.1
1
i
Oct
41 >ec
3% Jan
28 Aug
70
1
16 4 16 4
*
Jan
Jan
Jan
Jan
Jau
Jan
20
'
.
53 V
»
Feb
42 Auk
98 J'ne
78 4 Jan
82 Jan
172 Nov
92 4 Jau
110 Jan
17 Feb
40 4 Dec
150 Aug
.
24% 25
98
•96
99
Jan 173
Jan 45
01
163
223
205
30
70
87
.
»
223
130
26
166
24
77 4 Jan
13 4 Jan
1
87
*is"6" 138
*» 78
139
Jan 200% Nov
Jan 165 Deo
Jan 286 May
J an 148 Apr
los
160
'270
<
2'
223
st.
'251
I
36 4 36 34
*96
97
Highi
42 s4'Jan 90% J '119
so Maj 1074May
Jan 265 Apr
1594 Jan 190 J'ly
238 J'lv 248 Apr
iso
Dec 200 Apr
168 Feb 176 Apr
207 Max 307 A pr
143 4 Jan 162 J 119
126 Jan 135 Apr
99
259
155
.
50
tor Previout
Year (1901)
'2
....
....
•197
*159
*280
•142
*47
Sales
BOSTON STOCK
Fi iday
Nov. 21
Nov. 20
824 83
82
824 81
824 82%
98
98 4 9S 34
98
38
974 984 98
98
2584259 '2584
t5S425S4 258% 259
2584 259
153
•241
•192
*175
*300
STOCKS
Thursday
Wednesday
Nov. 19
Tuesda
Nov. 18
Nov. 17
7
-N"i
;
i94J'iy
315
203
ril
Jau 14
42
J in
40
60
1
"
NovlS
|)
Feb
11
44 8 J'nclO
*Bid ami asked prices.
J'lv 2
1
830
660
1
IS '4
1
Anglo
01
Dec
Oct 20
7
4 Sep
I 3 J'ly
.
New stock,
44
1
30
t
1
1
."•
37% MM
1
r
g
2
Sep
Dec
10
Feb
Dec
73
se
May
2%FeI
Assessment paid.
5
.
NOTXMBEB
.
BONDS
BOSTON STOCK EXCH'GE
Range
or
Zast Sale
Nov 21
Ask Low
Bid
J-J
Am Bell Telephone 4S....1908
4s. 1920 J -J
Am Telep & Tel coll tr7s..
1908 MS
January 1
99
1903
1919
1919
1913
1922
1927
1921
1949
W
101 % Sale
J-J
101%
38
MX
FA
"96*5
J-J
"97% 96%
106
MS
MS
109
107%
Sale
* Mo V 1M 68* 1933 A-O
Unstamped 1st 6s
1933 A-O
Gt Nor C B & Q coll tr 4s 1921 J-J
135
135
128
M-N
J-D
Sale
108
Pass R
Current River 1st 5s
192 A-O
Det Gr Rap &
1st 4s... 1946 A-O
Dominion Coal 1st 6s
1913
Eastern 1st gold 6s
1906
Fitchburg 4s
1904 M-S
4s
1927 M-S
107% 107%
100% Mar'02
llt%May'02
.
.
934 94
934
1921 Q-J
Note — Buyer pays accrued interest in addition to
-)
121%
10541054
100
99
904
85
101
104%
106 110
97 1014
127 4132
128 1314
108 110
108 110%
109 %109%
114 %115
103 4107%
98 101
109 111
107 8 1H
100 % 100%
110 4111 1*
135 4139
136 138
93 4 96%
93 4 96%
;
135 4 Nov'02
136 Oct '02
94 \
934
.
99 4
S2 1
83
56
118
106% 1084
99 100%
96% 1024
984
98
1274 Oct '02
1274
J-J
J-J
104
102 1044
107 4108 l4
100 1014
96%
106
108
J-J
A-O
J-D
1st g 4s. ..1943 A-O
Registered 4s
12
108 <4 Oct '02
100% Oct '02
106% Oct '02
99 Nov'02
100
MS
W
99% 99%
104
101%
128
128
108 108 Nov'02
108
Sale 108
109 14Mar'02
115 Apr'02
1034 Nov'02
994 98 Nov'02
109
Sale 109
Frerrit Elk
103%
91% 99%
934
the purchase price for
Philadelphia and Baltimore Stock
all
Nov 16
Monday
Nov 17
70%
704 70%
Saturday
Wednesday
Nov 19
Tuesday
Nov IS
. .
.
J-J
J-J
A-O
A-O
A-O
1906
1907
1908
1915
1905
N Y<& N Eng 1st 7s
1905
1st 6s
1924
Old Colony gold 4s
Oreg Ry & Nav con g 4s.. 1946
1922
Oreg Sh Line 1st g 6s
Repub Valley 1st s f 6s. ..1919
1902
Rutland 1st 6s
Rutland-Canadian 1st 4sl949
Savannah Elec 1st cons 5s. 1 952
1930
Seattle Elec 1st g 5s
1918
Torrington 1st g5s
Union Pac RR & 1 gr g 4s. 1947
1911
1st lien conv 4s
United Fruit conv gen 5s. 1911
1903
Vermont & Mass 5s
West End Street Ry g 5s. .1902
1914
Gold 44s
1916
Gold debenture 4s
1917
Gold 4s
Western Teleph & Tel 5s. 1932
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley 1st 7s. 1909
6s
6s
5s
.
Boston Bonds.
*
No price
Friday
Stocks see below)
Nov 21
101%
132%J'ne'02
103
103
113 Nov'02
:
1234
Sale" 123
.V.,
gq
Oct '02
91
1104J'ne'02
111 4 Oct '02
104 Oct '02
128 J'ly '02
91
January 1
Low High
102
101
5 100% 102
"7 132% 133 4
103 106
"3 113 114%
123 126
99
93
109
118
78
18
994
97%
98
84
108
111
104
128
111
115%
105%
130%
31% Sep
FA
A-O
A-O
A-O
A-O
98
100
F-A 105
106
J-J
M-N
M-S
M-N
M-N
M-S
M-N
100
101
108
104 J 4
F-A
Sale
latest bid
Daily,
105
100
102
107
105
107
101%
103%
974 974
102% 103%
104% 113%
108%111
'02
'02
J'ly '02
100
100
100%101
108
107
104 a4
104%104 l4
103% 103%
103% 1064
87% J'ly '01
119% Mar'02
119% 119%
104
J
Aug'02
4
and asked.
'02
II
Trust Co.
ctfs.
Weekly, Yearly
Range Since January
I
Ram -
for Previous
Year (1901)
1902
the
107
100% 102%
123% 128%
Sep
Oct
103% Oct
104%
104
974Aug'02
105% Nov'02
108% J'ly '01
102% 102%
106% Nov'02
108% 108%
M-S
J-J
J-J
J-J
107% 107%
106 109%
'02
Oct '02
Oct '02
May'01
100% Oct '02
124% Nov'02
105 Oct '02
100 J'ne'02
102 Mar'02
M-N
104
105
105
104
105
103
106
104
112
J-D
F-A
J-J
J-J
J-J
1024 104%
Nov'02
107% Oct
106
104
88
104
85
103
Feb '02
105
104
FA
84%
30% 35%
20% 244
79
'02
214J'ne'02
86 Oct '02
104 Mar'02
1024 102 4 Nov'02
104 Apr'02
102
J-J
J-J
iis" iis"
Sep
79
'02
118
79
80
J-J
J-J
;
High
Nov'02
101
Sale 101
/(
Since
0505
105%May'01
J-J
Sales
(For Bonds and Inactive
1
J'ly
J'ly
Friday
or
1
M-N 123
M-S
99
Spl 91
A-O
KanCStJo&CBlst7s..l907
New EngTeleph 6s
Low
A-O
A-O 105
J-D
A' a
Range or
Ask.
A-O 101%
Maine Cent cons 1st 7s. ..1912
1912
Cons 1st 4s
Marq Hough & Out 1st 6s. 1925
Central
cons
4s.
.1911
Mexican
Jan 1939
lstconsinc3s
Jan 1939
2d cons inc 3s
Mich Telep cons 5s tr rec.1929
Minne Gen Elec con g 5s 1929
New Eng Cot Yarn 5s 1929
LB&FtSmldgr Ist7s...l905
ACTIVE STOCKS
Thursday
Nov 20
Week's
Last Sale
101
J-J
Exchanges— Stock Record,
Share Prices— Not *er Centum Prices
thrice
Friday
Nov 21
Bid
deben 5s
1910
Non-convert de ben 5s... 1913
la Falls* Sioux C 1st 7s.. 1917
Kan C Clin & Spr 1st 5s. 1925
Kan C Ft S & Gulf 1st 7s. 1908
1928
KanC Ft Scott <fc M 6s
1934
Kan C M & B gen 4s
Marl934
Income 5s
Kan C & M Ky <fc Br 1st 581929
Illinois Steel
100
99
100
103is Oct '02
M-N
98
98
Apr'01
110
A-O
A-O
Ch Mil & St P Dub D 6s.. 1920
Ch M <fe St P Wis V div 6sl920
Chic & No Mich 1st gu 5s. 1931
Chic &
Mich gen 5s
1921
Concord <fe Mont cons 4s.. 1920
ConnA
6
.
Iowa Div 1st 4s
Debenture 5s
Denver Exten 4s
Nebraska Exten 4s
B & S s f 4S
Illinois Div 3 4s
Joint bonds See Gt Northern
Chic Jc By & Stk Yds 5s .1915
Coll trust refunding g 4sl940
W
Low High
99%
Dec '01
Atch * Nebraska 1st
Atch Top & S Fe sen g 4s 1995 A-O 10041014 100% 101
913,1
Nov'02
914
1995
Nov
904
J'ly
Adjustment g 4s
104 4 Apr '00
1907 J-D
Boston & Lowell 4s
1263.4 Apr '01
1944 J.T
Boston & Maine 44s
99% Jan '02
1905 FA
Improvement 4s
104 Apr '02
Bost & Moil 3d issue 7s... 1904 M-N
]154Aue'01
Boston Terminal 1st 3 4s. 19 47 FA
97
97
BostUnGaslst5strrects-1939 J-J
75 Nov'02
J-J
1939
2d 5s trust receipts
118
Oct
'02
112
J-J
1918
Biv
Mo
ex
6s
Bur <fe
105 4 J'ly '02
1918 J-J
Non-exempt 6s
99 Oct '02
1910 J-J
Sinking fund 4s
100 J'ne'01
1917 A-O
Butte <fc Boston 1st 6s
138 Sep '01
Cedar Rap <fc Mo R 1st 7s. 1916 M-N
125 1a Aug'00
1909 J-D
2d 7s
87 Nov'02
87
Cent Vermt 1st g 4*.. May 1920 Q-F
7s
BOSTON STOCK EXCH'GE
Week Ending Nov 21
since
High
99
Sale
98
119
99
99
BONUS
Range
Week's
Price
Fridau
WKKK ENDING .NOV 21
Chic Burl* Q 1st
Iowa Div 1st 5s
1137
Boston Bond Record
1902.]
.
:
Week
Shares
Highest
Lowest
Highest
Lowest
Baltimore
71
L22
254 26»4
44% 44%
71
*%
*%
26% 26%
20% 21
70% 70 34
26%
21%
26?s
21*4
71
71
264
204
704
29% 29%
44 44
68% 68%
29% 294
4% 4 34
77% 78%
46% 464
78
69
*70% 71
71.
122
26
^
69
*
26% 25% 26%
444 44 4 *444 45
13% 13%
26 4 26 34
45
45
13% 13%
*%
71
71
122
*
69
%
»%
26 3
%
264 264
21
19%
20^4
70
69
70
4
7m
69
29% 30%
4% 4%
69
30% 31%
100
805 62%
70% 71 Consolidated Gas
Northern Central
10 104
119 119 *119
120
50
100 4,275 23%
26 L4 264
27
27% Seaboard Air Line
Do pref
100 1,07
45
43%
44% 44% 45
* 1 3% 14
*13% 14
United Ry & Electric. 50
235 13
i
*%
%
26% 26%
20 4 20%
704 71
6S
684
30% 32 4
1
*%
74% Sep
Jan 28
Jan 7
Jan 24
Novl4
18
125% J'ly 29
34% Augl8
55%Augl9
Oct 13
17
Marl 5
1
Apr 28
Jan 65% J'ly
884 Jan 1064 Dec
9% Jan 304J'ne
24% Jan' 54% Sep
14 Dec 18% Mar
58
Philadelphia
% American Alkali
% Sep
50
Do
17
%Dec
%Apr
pref
50
Cambria Steel
50 8,866
Consol Lake Superior.. 100 10,169
Do pref
100 1,798
2% Jan
%Mar
23 Mayl7 29% Sep 23 15% Mar 31%J'ne
26% 27
19%Novl9 36 Apr 29 204 Dec 384 Apr
20% 20%
71
71
66 4 Jan 3 80% Apr 29 40 Feb 80% J'ly
188 65 Nov 12 79% Sep 9 624 Jan 79% Apr
50
684 684 Lehigh Coal & Nav
Lehigh
Valley
29%Novl4
50 31,141
324 35%
38% Jan 2 28 4 Jan 39% May
Marsden Co
100 1,100
5
5
2% Feb 3 5"i 6 Ocr, 3
3% Dec 7% Jan
*%
%Dec 84 Feb
50
% Sep 15 1%8 Feb 7
4 National Asphalt
*% 1
Do pref
50
1 Jan 16 Feb
% Sep 13 2% J'ly 9
Pennsylvania
RR
50 2,435 73% Jan 14 85 Sep 4 69 May 81 Apr
78% 78%
464 47 4 Philadelp'a Co (Pittsb) 50 5,301 46 Jan 3 50% Apr 30 40% Jan 54% May
4% Dec 8% Feb
8% 9%« Philadelphia Electric. 25 21,494 3% Jan 27 94 Sep 19
164 17 4 Phila Rapid Transit ... 50 2,810 8%J'ne26 18% Oct 1
26
Reading
30
Marl
Sep
28%
50 70,251
1 39% 8
3 12% Jan 28% Dec
'i
*42% 43
Do 1st pref
50
205 40 Mar 6 45% Sep 3 34 4 Jan 41% Dec
*36% 36%
Do 2d pref
50
300 30 Jan 14 40% 6 Sep 10 19 Jan 32% Dec
50 3,932 32 Jan 6 48% Oct 3 24%J'ne 37 Jan
46% 47 Union Tracton
111 112% United Gas Impt
50 2,249 1014May28 126 Feb 8 113 Sep 1284 Jan
*30
33 WelsbachCo
100
24 Jan 31 404May29 38 Dec 55 Apr
:
84
46% 47
84
164
8"i«
164 164
26% 27 34
8%
8*16
28
43
»35% 35 4 35i% 9 36
46%
110%
46"s
L10 34
46%
110411
4
PHILADELPHIA
Steel
84
10
50
American Railways. ..50
50
Cambria Iron
50
Camden & Trenton
10
Central Coal & Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
50
Danville Bessemer. ..14
PHILADELPHIA
i
i
Bid
Ask
PHILADELPHIA
120%
Phil Elec gold trust ctfs
Trust cert if s 4s
P & E gen 5 g '20.A-O
Bonds
ext 7s 1910 A-O
Asphalt Co 5s 1949 tr ctfs
Atl City 1st 5s g '19.M-N
Balls Ter 1st 5s 1926.J-D
119
Che&DCanlst5s'16J-J
Choc & M e 1 st 5s 1 949 J-J
Ch Ok & G gen 5s '19 J-J
95
51
110
52
110 14
Cit St Ry (Ind) con
Col St Ry 1st con 5s 1932
14 Con Trac of N J 1st 5s. '33 109 34
34 E A 1st M 5s 1920 M-N 113 117
98*4 984
Elec & Peo Tr stk tr ctfs
9% Elm & Wil 1st 6s '10.J-J
94
804
100
100
50
Harrison Bros pref. ..100
HestonvMan<fc
Indianapolis
Lehigh
6
108
110
50
51
994 1004
494
49
169
170
97% 98
43
4
24
44
281
4%
2%
5
283
49
54^
70
80
Coal. ..50
•
no
Nav 44s
4s. 1933
'14. Q-J
LehV ext 4s 1st 1948. J-D
654
54
Ry
86%
1104 111
RRs 4s g
1914. Q-F 104
Gen M 44s g-1924.Q-F
Leh V C 1st 5s g '33. .J-J 1074 108
10%
60
64
N
Bid and asked prices
147
"48*
Fair.. 50
Preferred
50
Indianapols St
100
Inter Sni P <& Dynam..50
Lit Brothers
10
Little Schuylkill
50
Minehill & Sehuyl H..50
Nesquehoning
50
Haven Iron & Steel.
North Pennsylvania.. 50
Pennsylvania Salt
50
Pennsylvania Steel.. 100
Preferred
100
Phila Co (Pitts) pref... 50
Phil German & Norris. 50
Phila Traction
50
Railways General
10
Susqueh Iron & Steel..
Tidewater Steel
10
United N J RR & C. 100
UnitPow & Trans... .25
United Trac Pitts
50
Preferred
50
Warwick Iron & Steel. 10
West Jersey & SeaSh.50
Westmoreland
Income 5s
2862. A-O
II Gas-L 1st g 5s 1928 108 14
Top
H& B
con 5s '25 A-O
Eq
146
sales
2d 7s 1910
Consol 6s 1923
115
M-S 121
J-D
Annuity 6s
J-D
LehV Trac 1st 4s '29. J-D
Nat Asphalt 5s 1951.J-J
New Con Gas 5s 1948 J-D
Newark Pass con 5s 1930
135
124
140
6
8
..
102
91
112
Gen
103
7s 1903
J-J 102
Penn gen 6s r 1910. .Var 117 1174
Consol 6s c 1905. ..Var 108%
Consol 5s r 1919... Var 120 1214
Penn & Md Steel con 6s. 114%
Pa & N Y Can 7s '06. J-D 1124
Con 5s 1939
A-O 110
Con 4s 1939
A-O 98
Income 4s 1939. ..M-N
M
1st 4s '36.. M-N
Penn Steel 1st 5s '17 M-N
People's Tr tr certs 4s '43
P Co lst& col tr 5s'49 M-S
on this day.
119
107
108
P
<fe
Terminal 5s g 1941 .Q-F
W&B
col tr 4s '21. J-J
Rochester Ry con 5s 1930
S R E Side 1st 5s g '35 J-D
U Trac Pit gen 5s '97 J-J
Welsbach s f 5s 1930. J-D
112
113
1074
105
111
BALTIMORE
Ry G & El 5s '99 M-S
Chart C & A ext 5s. '09 J-J
Chas
2<i 7s
1910 A-O
City<fcSublst5s..'22 J-D
City& Sub(Was)lst5s'48
.
Consol Gas 6s. ..1910 J-D
5s
1939 J-D
Ga & Ala 1st con as '45 J-J
Ga Car <fe 1 st 5s g '29 J-J
GeorgiaPlst6s...'22 J-J
GaSo& Fla 1st 5s 1945 J-J
N
G-B-SBrew 3-4s 1951M-S
M-N
MtVer
350
974 100
501
100
78
12
7
Cot
Duck
Incomes
160
101
81
12 34
8
384 40
New Orl Gas
1st 5s.
^
1st 5s. .Var
Npt
P 1st 5s'38 M-N
Norfolk St 1st 5s '44. .J-J
91%
114% 1154
98
113 1134
114 14 114%
111
112
124
116
1114
113
1264
49% 50
37
38
M-N
122
Exchange 34s 1930 J-J 110
Refunding 3 4s 1952J-J 113
Balt&Plst6sml'll A-O
North Cent44sl925 A-O
J-J
6s 1904
Series
5s 1926.... J-J
Series B 5s 1926
J-J
Pitt Un Trac 5s 1997 .J-J
Poto Val 1st 5s 1941.. J-J
Sec Av T(Pitts) 5s '34 J-D
Sav Fla&West 5s '34 A-O
A
1st 6s tunnel. .1911 J-J
Bait Trac 1st 5s. .'29 M-N
No Bait Div 5s 1942 J-D
Convertible 5s. '06 M-N
Central Ry 6s... 1912 J-J
Consol 5s.... 1932 M-N
Ext<fe Imp 5s. 1932 M-S
Chas City Ry 1st 5s '23 J-J
1224 Un Ry & El 1st 4s 49 M-S
112
1164 117
121%
100 »4 ioi"
117
117
106 >4
774 78%
39
N&O
Anacostia& Pot5s
994
99
Atl<fe Chlst7.. .1907 J-J 113% 114
SeaboardAL4sl950A-O
Atl Coast L(Ct)ctfs 5s J-D 117
Seab cfc Roan 5s 1926.J-J
Ctfs of indebt 4s
J-J
95
98
South Bound 1st 5s. -A-O
Bait CPass 1st 5? '11 M-N 106
107
UE1 L&P 1st 44s'29 M-N
5s. 1916
Ask
MetSt(Wash)lst5s'25FA 119
.
Fundg
90
116
Col&Grnv Ist6s.l916 J-J 119
2d income 5s 1951
BALTIMORE
Inactive Stocks
Atlanta & Charlotte. 100
Atlan Coast L (Conn) 100
Canton Co
100
Georgia Sou& Fla...l00
1st pref
100
2d pref
100
G-BS Brewing
100
Mt Vernon Cot Duck.
Unit Elec L & P pref. 50
Bait
Bid
Knoxv Trac 1st 5s '28A-0 100 1024
LakeR El 1st gu5s'42M-S 1184
Bonds
NY Ph& No 1st 4s '39 J-J
No Penn
Ask
99% 100
69% 70
Bid
Read 2d 5s '33.A-0 1274 129
Con M 7s 1911
J-D 1244 1254
Con M 6s g 1911. ...J-D 118 1194
Ex Imp M 4s g '47. A-O 108
Con M of '82 4s '37.J-J 108
1154
<fe
Am erica... 50
Elec Storage Batt
Preferred
Ph
108
5s '33
Steel
Germantown Pass
M
GenM 4sgl920..A&O
110
Betide Steel 6s 1998. Q-F
Preferred
'
16
72%
90
474 Berg&EBrw 1st 6s'21 J-J 105
Easton Con Electric. .50
Electric of
4 77%
464 464
8% 8%
16% 16%
77
27% 28 >* 27i% 6 293 19
*42% 43 4 42ii 16 42Hi6
*35% 36
-36 4 36%
8% Al Val E
03 34
53
70
Bell Telephone
Diamond State
16
Ask
Bid
Inactive Stocks
Amer Iron &
43
78
46% 46%
8%6 8%«
"35% 36
464 464 46% 46% 46% 46%
110% 110% 110%11U
11041104
46 3
American Cement
77
8«,„
164 164
28%
L64,
27>4 28i%e
42% 42*8
42
42
774 78
46 % 47
78>4
Income 4s 1949
Va Mid
J-D
1st 6s 1906. -M-S
2d series 6s 1911... M-S
3d series 6s 1916. .M-S
4th ser 3-4-5s 1921. M-S
5th series 5s 1926.M-S
Va (State) 3s new '32.J-J
Fund debt 2-3s 1991. J-J
West
C con 6s 1914 J-J
40
1084
110
110
105
124
124
118
116
118
114
S37e 84
112
111
112
85
85%
95
95%
68% 69
106
112
120
115
1154 116%
97% 99
99
N
118
WesVaC<fcPlst6g'll J-J 114
Wil <fe Weld 5s-.l935.J-J 120
100
119
115
.
.. ....
. .
.
.
.
«
.
THE CHRONICLE.
1138
[Vol.
LXXV.
%nm$tmmt aud Railroad %u\z\\i%mtz>
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the «;ross earnings for the latest week or month, and the last two,
columns the earnings for the period from July 1 to and including such latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Latest Gross Earnings
ROADS
or
Week
Month
July
Current
Previous
Current
Previous
Year
Year
Year
Year
$
$
$
$
Latest Oross Earnings
Date.
to Latest
1
ROAD3
Week
or
Month
Current
Year
July
1
to
Date.
Latest
Previous
Current
Previous
Year
Year
Year
$
$
190,628 Mexican South'n 4th wk Oct
202,216
15.324
12,887
June ..
25,602
25,450
316,779
259,161
Adirondack
866,819 Millen & So'w'n. October...
48,414
47,721
943,324
4,317
3,513
16,536
12,087
Ala Gt Southern. Istwk Nov
.TexasPacific.
44,331
47,559
137,528
154,773
N
&
Ala
O
Mineral Range.. September
644,488 Minneap & StL. 2d wk Nov
69,922
720,701
75.422
75,551 1,492,261 1,401,923
& No East. 4th wk Oct 72,893
328,898 M8tP& S StM. 2d wk Nov 169,915 183,865 3,009,499 2,453,380
47,170
45,333
347,865
Ala <te Vieksb'g 4th wk Oct
52,049
41.945
305,759 Mo Kan <te Texas- 2d wk Nov 400,495 381,589 7,025,356 6,727,359
397,081
Vieksb 8h <fe P. 4th wk Oct
Inc. 48,598
lnc 117,528
Allegheny Valley •'eptember
Mo Pac & Iron Mt 2d wk Nov 733,000 700,000 14,275,713 14,424,041
35,382
36,432
694,108
687,565
2d wk Nov
20,000
452,660
576,397
Ann Arbor
24,000
Central Branch 2d wk Nov
6,914
23,199
23,684
7,333
Ann Wash & Bal. September
Total
2d wk Nov 757,000 720.000 14,728,373 15,000,438
AtehTop &SFe. Stptember 5,141,070 5,012,230 14,596,063 14,716,803 Mob Jack <fe K C. Wk Nov 8
77,043
57,072
3,572
3,796
533,546
481,934 Mobile & Ohio..< October.
Atlanta & Char.. August ... 204,605 235,977
634,629 572,024 2,356,496 2.041,790
61,500
56,890
204,363
241,083
Atl Knoxv & No. October...
Nash Ch & St La 2d wk Nov 188,410 157,851 3,406,598 2,923,397
22,515
10.439
76,488
37,343 Nat'l Ry. of Mex 2d wk Nov 203,399 145,599 3,526,339 2,675,063
Atlantic & Blrm. October.
81,204
Atl Coast Line... September a546,181 Q177004 <4,113,505 <3,488.576 Nev-Cal-Oregon October.
26,167
19,161
63,158
21,384
19,325
269,977
235,045 Nevada Central.. September
Atl Vald <fe West. June ..
2,314
9,953
9,091
3,365
8,955
8,452
30,834
28,690 N Y C & Hud Riv October. 6,799,355 6,915,318 26,275,019 26,337,552
Bait it Ann S L.. September
>
Bait it Ohio
N Y Out <te West September 350,061 490,768 1,096,121 1,605,809
B & O Southw. < October... 5,544,973 5,324,576 21,701,789 20,030,862 N Y Susq & West •September 105,573 224,084
369,288
731.548
416,094
393,874 Norfolk & West'n 2d wk Nov 375,733 334,761 7,428,169 6,480,113
Bangor & Aroosl September 154,514 150,158
3,291
3,030
8,781
8,596 Northern Central September 705,019 761,019 2,015,270 2,110,570
Bath & Hammon September
18,578
16,208
51.756
47,043 North'n Pacific October.
Bella Zanes & Cin September
5,295.951 4,642,635 17,048,181 15,379,260
5,055
5,591
Belleioute Cent'J October.
19,789
19,700 Nor Shore tCal)... September
173,171
150,573
50,566
42,378
4,296
3,321
13,486
12,887 Pacific Coast Co. September 500,090 519,911 1,552,078 1,375,321
Bridgt & Saco R. September
6,941
Butt Attica & Art- September
6,810 Penn— EastP&Ee September 9,822,750 8,701,950 29,701,243 26.267,643
Butt Koch & Puts 2d wk Nov 145,287 122,653 2,870,372 2,606,619
Inc. 1,6 66,300
WestP & E.§.. September Inc. 74 5.900
88,644
74,158
230.689
Buttalo &Susq.
200,679 Pere Marquette.. 2 1 wk Nov 179,021
September
167,628 3,890,950 3,670,579
399,700 399,77'. 4,959,604 4,559,003 Plnla & Erie
Burl C Rap & No May
September 568,912 675.334 1,607.176 1,984,732
Canadian Pacific 2d wk Nov 903,000 802,000 16.3S1.286 14,405,433 Phila Wilm &B.. September 1,086,590 1,006,590 3,290,095 3,056,095
24,630
13,499
Cane Belt
58,807
26.773 Pine Bli. Ark. R... September
September
2 259
4,852
1,799
6,687
Oent'lof Georgia id wk Nov 182,070 185,790 3,433,078 2,916,481 Pittsb C C & St L September 2,073,503 1,829,236 5,853,287 5,306,170
Cent'l of N Jersey September 997,552 1,443,846 3,227,018 4.423,180 Plant SystemCentral Pacific.. August
1,853,768 2,026,285 3,793,438 3,875,091
Ala Midland.
2,085
Chattan South'n. 2d wk Nov
2,157
45,470
36,956
Brims & W'n.
706,318 598,739 8,475,502 7,948,363
Chesap&Ohio... 2d wk Nov 327,595 336,559 5,301,729 6,542,309
Chas ASav... June .....
Chic & Alton Ry. September 873,658 802,694 2,570,418 2,480,970
8av Fla & W.
5,171,300 4,979,672 9,791,687 9,460,462
Chic Burl &Quin August
Sil 8 Oc & G..
Chic &E Illinois. 2d wk Nov 150,961 122.479 2,692,255 2,293,801 Reading Co.—
148,474 144,013 2,901,508 3,039,993
Chi.' Gt Western. 2d wk Nov
Phil & Read... September 1,939,444 2,435,553 5,952,814 7,208,841
94,232
91,184 1,927,945 1.802,908
ChicInd&L'v... 2d wk Nov
053.826 0,021,703
Coal <fe Ir Co. .
September 155,316 2,3(11,214
Chic Milw <te 8t P September 4,443,216 4,150,493 12,068,681 11,696,590
Tot both Co's. September 2,094,760 1,739,767 6,506,640 13,830,544
102,4*1
Chic & North W'n September 4,540,252 4,276,719 12,737,144 12,459,796 Rich Fr'ksb & P July...
102,441
85.419
85,419
206,24^
133,929 123,975
ChicPeo&StL.. August
102,029
232,767 Rio Grande Jet.. August
52,396
104.180
49,496
Chic R I &Pac... September »4278080 02703337 011987936 »8,490,868 Rio Grande So.. 2d wk Nov
13,083
239,920
225,055
13,297
Chic StPM&O. September 1,206,210 1,083,581 3,121,086 3,050.137 Rio Gr'de West
454,400 449,400 5,341,154 4,908.081
June ..
36,691
912,914
31,582
663,598
Chic Term Tr RP. 2d wk Nov
609,893 Rutland
825,852
42,070
35,968
1st wkNov
97,101
96,770 2,076,968 1.9.-.0.332 St Jos&Gr I.... September
Cin N O & T Pac. lstwk Nov
285,678
384,372
99,535 110,122
ClCinCh& 8tL. 2d wk Nov 398,692 388,499 7,6 17,903 7,547,012 St Louis& Gulf. August... A28.476
/159.681
22,567
11,445
50,436
50,407 1,022,438
Peoria <fcEast'n 2d wk Nov
59,180
58,746
985,945 StL &N Ark
17.069
21,330
September
121,172
South
131,225
2,304,432
Colorado &
2,127,649 StL& San Fran<? 2d wk Nov 487,849 451.492 9,212,083 8,162,390
2d wk Nov
14,937
14,817
42,057
Col Newb & Lau. September
39,386 St L Southwest
2d wk Nov 171,956 164,811 2,830,574 2,782,546
32,418
25.913
509,531
Col Sand <te Hocli 3d wk Oct.
798.057
736.764
408,538 StLVan&TH.. October... 223,280 201,705
32,390
13,407
91,384
Copper Range.... September
628,599
35,564 San Ant <fe A P... September 311,897 231,101
723,824
7,325
10,586
25,971
515,534
Cornwall...
448,271
31,914 San Fran & N P. October...
September
138,783 119,413
21,326
29.646
72,947
Cornwall &Leb.. September
102,526 Sav Fla & West. June
/706.318 ^598,739 f3.475.502 /7,948,368
325,235
Cumberl'd Vailej September 105,605 llz.boo
307,167 Seaboard Air L.. 1 st wk Nov 272,230 248.277 4,374.750 4,020.510
256,882
261,959
Denv. & Rio Gr. >
20,423
18,173
343,000 0,995,482 6,870,993 so C it Ga Kxt ... May
Kio Gr. West 5 2d wk Nov 358,600
11,300
5,872
So Haven &. East. October...
26,383
26,165
519,546
281,577
Detroit Southern. 2d wk Nov
481,441 Southern Ind
53,885
215.778
77,737
October...
65,300
68,493
201,524
202,301 So Pacific Co 6... September 8,007,016 7,100,819 21,786,694 21,029,019
Det «fc Mackinac. September
45,779 1,130.066 1 ,062,406
Dul So 8h& Atl.. 2d wk Nov
49,253
73,077
36,096
20,003
39,376
Carson & Colo. August....
Erie
September 3,511,494 3,561,044 10,361,188 10,914,990
1,853,768 2,026,285 3,793,438 3,875,091
Central Pacific. August
6,341
19
8,694
158,134
3.011
7.0
Evansv & Indian 2d wk Nov
133,474
6,472
4.986
Direct Nav. Co. August
26,988
32,226
658,241
Evansv it X II... 2d wk Nov
583,263
507,660 579.595 1,010,087 1,139,549
Gal Har <fe S A. August
2,939
100,091
2,929
F'rchild <fe N'r'e'n September
8,765
65,748
8,888
71,742
35,796
Gal Hous & No August
5,649
32,21
6,307
Fannv & Powhat September
20,853
14,702
28,478
17,342
18,730
GulfW. T. &P. AllLTUSt....
679,734
515,208
67.434
69,691
128,297
134,571
Ft Wife Denv City September 225,719 164,824
Hous. E. &tV.T. AllgUSt
540,380
Georgia RR
19,366
35,577
415,766
17,474
30,865
September 219,459 148,250
Hous. & Shrev. August
470,890
741.2O0
808.414
Ga South <fc Fla.. October... 116,030 108,779
423,407
402,146 421.315
Hous&TexCen August
28,502
23,944
Gila Val G A N.. September
73,849
9,515
7,487
80,044
4,578
3,549
Iberia & Verm. August
341.686
285,507
Gr Trunk System 2d wk Nov 649,047 564,652 12,426,002 11,498,557
165,787 1 17,758
Louis'a West... August....
GrTr. West'n. 41 h wk Oct 154,283 106,786 1,533,214 1,446,300
718,863
944.983
334,704 357,794
Morgan's L & T Auuu*t
40,87-±
DetUr H&M.. 4th wk Oct
42,621
37,402
433,555
15, -1-7
42,577
393,189
22,320
N. Mex.& Ariz.. August
Great North'n—
30,557
73,209
56,141
40,245
N V T&Mex .. AUgaSt
StPMinn<&M> October... 4,702,712 4,010,405 15,451,383 12,911,389
328,239 327,839
662,205
607,852
Oregon & Calif. Allgust
East. <>l Minn 5
27,749
72.287
Ry
36,245
80,538
Sonora
August
Montana Cent'J October..
174,496 153,003
676,667
615,837
201,516
181,684
98,559
82,669
So Pac. Coast... August
NO
.
.
Total system. October... 4,877.208 4,163,40» 16,128,050 13,557.226
SoPao RR Co..
Gulf&SlnpIsland August ... 138,184 100,895
208,428
206,538
So PacSS Lines
Hocking Valley.. 2d wk Nov 109,074 108,443 2,295,193 2,059,091
Tex&Norl
402, No 421,315
7
Hous & Tex Cent August
,200
808,414 Southern Rallw'y
Dlinois Central.. October... 3,997,521 3,752,331 14,431,216 13,736.540 Terre H & Ind ...
11,449
Illinois Southern October..
14,583
53,768
46,748 Terre H &. Peor..
Int & Gt North'n 2d wk Nov 114,911 120,045 2,082,827 1,976,244 Texas Central
Hiteroc(Mex)
Wk Nov. 1 99,000 69,570 1,631,330 1,300,730 Texas &. Pacific..
Iowa Central
49,730
46,706
942,996
2d wkNov
950,i33 TexS
..
Lron Railway
7,647
October. ..
25,904
7,248
26,508 Tif ton Thorn. &G.
Kanawha A. Mich 2d wk Nov
22,414
27,063
342,338
395,135 Tol & Ohio Cent
Kan City South'n September 495,660 441,744 1,487,970 1,267,580 Tol PiV West ....
Lehigh Val RR. September 1,713,624 2,636,902 4,713,703 7,193,494 Tol St
Leh Val Coal Co. September 121,661 1,578,351
308,552 4,782,085 Tor Ham <fcButt.
Lexing & East'n. September
48,824
34,103
145,915
101,329 Union Pac RR )
Inc. 51 ,206
Long Island
September
Inc. 78 ,544
Oreg RR & N [
La. & Arkansas. September
38,744
43,963
121,702
108,457
Oreg Sh Line. )
Lou. Hend.ASt.L. September
70,339
57,021
206,319
182,223 Wabash
Louisv <fe Nash v. 2.1 wkNov 710,370 648,000 12,846,3-0 11,237.852 W Jersey & Sea'e
Macon & Blrm... October...
15,150
17.773
54,933
40,332 Wheel& LE
Man'tee&Gr.Rds September
13,119
10,089
31,727
33,211 Wichita Val lev...
Manis & No East Sep1 j inber
30,361
26,644
86,767
t,735 \Viii's]>ort&N.Br.
Manistique
8,728
October.
2,770
41,844
25,403 White Pass A- Yn
461,066 345.612 7,801,229 0,3 10,530 Wisconsin Cent..
J Mexican Central 2d wk Nov
542,512 466.222 1,604,085 1,115,995 « rightsv & T'11..
Mexicanliitern'l. September
94,UUU
JMexioanRy
wkNov 1
85,200 1,713,600 1,390,400 Yazoo <fc Miss. V.
1
i
. .
V&N W
LAW
August.... 2,290,169 2,449,307 4,555.171 4,699,361
.".OS, 774
294.075
August
490 752
528,212
August ... 262,004 250,603
2d wk Nov 835,180 774,41s 15,873,046 14,205 929
575 370
180,161 157,528
October.
684,160
201 .904
191,954
53,125
54,628
October.
233 .001
220,801
st wk Nov
17,409
16,129
2d wk Nov 270,551 263,852 4,071,243 4,171 ,547
54.500
51 ,300
21.500
October
19,900
9,790
95 228
133,383
L3.477
1,181,652
1,128
514
2d wk Nov
59,656
59,473
456 238
453.802
2d wk Nov
23,402
25,453
•IS. -.70
991 ^77
1,134,100
2d wk Nov
67,529
191 994
160,895
9,694
10,351
IstwkNov
1
.
.
.
6
Covers results on
Mexican
September 4,637,571 4,240,814 13,163,311 12,313.101
2d wkNov
September
2d wk Nov
390,066
3^0,608
77,581
wk Oct
wk Nov
5,331
16,427
24,050
121,500
September
18,278
October...
769,157
ist
Sepl
ember
it 11
d
373,516
365,808
70,666
7.1 L3
12,497
110.374
11,643
600,13
1
8,226,028
1,598,839
1,564,171
10.775
52,050
7,455.327
2,595.133
2.32
29
L.970,512
1
1,276
2,283,601
1,49
1.37 1.804
12.941
42,216
•
lines directly operated.
a Includes Padueah A-.Memphis Division from July 1 in both years, t Results on Monterey <fe Mexican Gulf are
included from March 1, 1902. but for no part of 190
b 5 ears.
overs lines directly operated, including the Buffalo A- AHe'y VaL Div.for
e
b Includes the Houston & Texas Central and Its subsidiary lines. Earnings of the Crotn well Steamship Line, nol previously reported, are
now also included.
c Results on Montgomery Division are Included in both years.
(/Includes St. Paul & Duluth for both yea
/These figures are the results on the Ala. Midi., Brunswick & West, Charles. & Sav., Sav. Fla. a- West'n and Silver Springs Ooala 4 Gulf,
</ These figures include, besides the St. L. As 8. V. proper, Che Kan. Citv Ft. Soott & Mem.system and i-'t. Worth .v, K. G.
h From May. 1902
includes suudry acquired roads, i Including earns, of the Hancock A; Oalu. both years. / Including earns, of the Bav.Flor. 8s West.iu both
years, v Includes $251,155 other income in Sept., 1902, against #17,562 in Sept., 1901, and $152,397 aud $338,736 respectively from July 1.
currency,
1..
(
.. ..
November
—
.
.
THE CHRONICLE.
22, 1902.]
Latest Grots Earnings.
Period.
ROAI-B.
Jan.
Allegheny Valley
Atlanta A Charlotte Air Line. Apr.
Jan.
Bellefonte Central
Central of New Jersey.. ...... Jan.
Jan.
Chattanooga Southern
Chicago A North- Western... June
Chicago Rook Island A Pao. Apr.
Ohio. St. P. Minn. A Omaha.. Jan.
Jan.
Cumberland Valley.. ...
International A Gt. North'n. Jam
Manistee A North Eastern... jam
Jan.
Manlstlque
Jam
Mexican Centralt
Jam
Mexican International
Jam
Mexican Railway
Mexican Southern
Apr.
Jam
Jam
Missouri Pacific
Central Branch
Total
National RR. of Mexico
Jan.
Jam
Jam
Northers Central....
Apr.
North Shore
Penneylvania,Ea8tof P. AE..* Jam
AE
Jam
Pere Marquette
Jan.
Philadelphia & Erie
Jam
Phlla. Wllm'g'n A Baltimore. Nov.
Pitts. Clncln. Chlo.
& St.
L... Jan.
Rio Grande Junction
L. Vandalla & Terre H....
South Haven A Eastern
Terre Haute A Indianapolis..
Terre Haute A Peoria...
8t
Deo.
Nov.
Jam
Nov.
Nov.
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Current
Previour
Tear.
Tear.
Ino.
Sept. 30
260,964
Aug. 31 1,209,684 1,127,226
48,244
Oct 31
42,258
Sept 30 10,659,855 12,516,797
96,005
Nov. 14
77,248
Sept SO 16,737,512 16,372,898
Sept 30
Sept 30 8,526,286 7,874,636
883,109
Sept 30
802,575
Nov. 14 4,354,098 4,339,652
259,335
Sept 30
262,513
93,099
Oct 81
84,236
Nov. 14 18.046,898 14,983.017
Sept 30 4.714.7P9 4,346,133
Nov. 1 4.186.100 3,585,700
567,419
487,040
Oct 31
Nov. 14 31,017,754 30,553,796
918,870 1,174,533
Nov. 14
Nov. 14 31,936.624 31,728,329
Nov. 14 7.682,906 6,589,127
Sept. 30 6,107,8 1!4 6,061.364
832,950
293.481
Sept 30
Sept 30 83,121,119 74,719,119
Ino.
5.006,600
Sept 30
Nov. 14 8,543.158 7,934,247
Sept 30 4.625,595 4,969.448
Sept 30 11,085,868 10,734,368
Sept 30 16,692,661 15,057,227
410,516
404,371
Aug. 31
to
to
to
to
to
to
to
to
to
to
to Oot
to Oot
to Oct
to Oct
to Nov
to Sept 30
to Aug. 31
2.208,635
2,045,974
1,754,474
l,59i',434
544,896
560878
9,289,852 9,719,017
Texas A Pacific
Jam
3,176,491 2,937,691
West Jersey A Seashore...... Jan.
39.617
45.970
Wichita Valley
Jan
* These figures Include the Buffalo A Allegheny Valley Division In
both years, t The operations of the Monterey A Mexican Gulf are
included from Maroh 1. 1902.
Latest Gross Earnings by Weeks.—In the table which
we sum up separately the earnings for the latest
The table oovers the second week of November and
week.
shows 8*74 per cent increase in the aggregate over the same
follows
week
last year.
2d week of November.
1902.
Increase.
1901.
Duluth So. Shore A Atl.
Evansv. & Indianapolis.
Evanav. A Terre Haute
35,382
145,28"
803,000
182.070
2.157
327,595
150,961
148.474
94,232
36.691
398,692
50.436
131,225
358.600
26,165
49.253
8,694
32,226
36,482
122,058
802.000
185.790
2.085
336.559
122,479
144,013
91,184
31,582
388,499
50,407
121,172
343,000
26,383
45,779
6,341
26,988
Grand Trunk...........
Grand Trunk West
649,047
564.652
84,395
109,074
114,911
46,706
27,063
710,870
461,066
75.422
169,915
400.495
733,000
24,000
188.410
203,399
375.733
179.021
13.297
487,849
171.956
835,180
270.551
59.656
23,402
67,529
396,066
77,581
121,500
108,443
120,045
49,730
22,414
648,000
345,612
631
700,000
20.000
157.851
145.599
334.761
167.628
13.083
451,492
164,811
774,418
263,852
59,473
25,453
48,870
373.516
70,666
110,374
10,073,839
9,264,499
Buffalo Rooh.
A Pittsb'g
Canadian Pacific.
....
Chattanooga Southern.
.
Chicago & East. Illinois
Chicago Great Western
Chlo. Indian'lie & Lonisv.
Chlo. Term. Transfer ....
Clev. Cln. Chic. & St L..
Colorado
Denver
A
&
Southern...
Rio Grande*
. .
Kanawna A
Michigan...
Louisville A Nashville .
Mexican Central
Minneapolis A St. Louis.
St. P.
Mo. Pacific
A 8. 8te. M.
A
Iron Mt...
Nashv.Chat A St. Louis.
National RR. of Mexico.
Norfolk A Western
Rio Grande Southern
Louis A San Fran....
Louis Southwestern.
St.
St.
Texas
A
1,050
23,229
101,000
.-••
3,720
72
8,964
28,482
4,461
3,048
5,109
10,193
29
J0.053
15,600
m
mmmmmmmm
218
3,474
2,353
5,238
i
>
Det. Gr. Hav. A Milw. >
Hocking Valley..
Intern'i A Gt. Northern.
Minn.
Decrease.
$
S
Pacific
Toledo A Ohio Central..
Toledo Peoria A West'n..
Toledo St L. A West
Wheeling A Lake Erie
Wisconsin Central.......
.
Net Increase (8-74 p. c.)..
* Including Rio Grande Western.
75,551
183.865
381,589
....
..
5,134
3,024
4,649
62,870
115,454
129
18,950
18,906
33,000
4,000
30.559
57,800
40,972
11,393
214
36,357
7,145
60,762
6,699
183
2,051
18,659
22,550
6,915
11,126
847,580
809.340
week of November.
Previously rep'd (47r'dB)
O-t. Southern..
Cln. N. O. A Texas Pao..
Mob. Jackson A K. City..
Alabama
Rutland
Seaboard Air Line...
Texas Central
Toronto Ham. & Buffalo.
1902.
9,615,671
48,414
97.10)
3.572
42,676
272,230
17,409
9,694
Total <54 roads)
10,106,767
Net Increase (7*49 p.c.)..
1901.
8,946,877
47,721
96,770
3.796
35,968
248,277
16.129
10,351
9.405,889
Increase.
753,287
693
38,240
Decrease.
84,493
331
224
"6.708
23,953
1.280
657
786,252
700.878
railroads furnishing monthly statements. The compilation
Includes every road from which we can get returns of this
character, and in that form is given once a month. Early returns are published f romweek to week, as soon as issued, but
for the convenience of our readers all the roads making returns are brought together here in the week in which we publish our monthly article on net earning?— say about the 20tb
Besides the oompanies furnishing monthly
of the month.
returns, we have added this time the roads which make
quarterly returns.
The returns of the street railways we give by themselves
under a separate head at the extreme end ofthesetabulations
—see page 1143.
—- Gross Earnings.
Net Earn in its.
—
Roads.
Current
Previous
Year.
Tear.
$
Alabama Gt.So'tb.aSept
July 1 to Sept 30
Allegheny Valley... Sept
Jam I to Sept 30....
Sept
Ann Arbor. b
July 1 to Sept 30
Ann'p.W'sh.ABal.aSept
225,618
655,479
$
196,820
579,415
Ino. 48,598
Ino. 260,964
160,401
457,290
6.914
23,199
157,357
458,161
7,333
23,684
5,012,230
14,716.803
235,977
481,934
53,977
147,473
10,439
37,343
85,374
,
Current
Year
Prc&idus
Year.
$
*
58,166
164,391
Inc.
5,268
Deo. 70,103
61,582
56,134
164,320
158,363
2,601
3,265
8,956
10,381
11. 950,271 t2,201,795
t5,406,706 t6,264,322
99,730
96,222
1 64,416
190,689
20,696
24,011
61,149
52,926
10,653
4,544
31,704
13,380
59,070
170,171
July 1 to Sept30.._.
Atoh. v A 8. Fn. b Sept 5,141,070
14.596,063
July lto Sept 30.
Atl'taAChar.A. L..Aug.
264.605
533,546
July lto Aug. 31....
Atl. Knox. A No. a Sept
69,476
July 1 to Sept. 30. ..
179,583
Atlantic A Blrm'gh. Oct
22,515
76,488
July lto Oot 31....
Atlantlo Coast L. a. Sept ul546,181 U1177.004 U561.160 u356,963
July 1 to Sept 30....u4113,505 u3488,576 ul360,758 U1007.375
.
A Annapolis
ShortLlne.a
Sept
8,955
8,452
3,558
2,853
30,834
28,690
July lto Sept 30....
10,171
10,596
Bait. & Ohio.b
Oct 5,544,973 5,324,576 2,241.964 2,131,575
Baltimore
July lto Oct 31. ...21,701,789 20,030,862 8,524,770 7,999,324
Bangor AAroost'kb Sept
154,514
150,158
66,663
70,931
July 1 to Sept. 60....
416,094
3,291
393.874
3,030
8,596
16,208
47,013
157,284
1,325
3,422
7,492
16,744
2,028
18,228
150,137
July lto Sept 30.... 8.938,685 8,680,462 2,967,454
Jam lto Sept 30. ...24,098,985 23,245,593 7,341,001
2,870,646
7,103,546
Bath A Hamm'ds.bSept
July 1 to Sept. 30
Bellaire Z. A Cin...Sept
July 1 to Sept 3o
Bellefonte CentralbOct
Jam 1 to Oct. 31....
Boston
8,781
18,578
51,756
5,055
48,244
5,591
42,258
1,043
2,521
4,309
7,831
1,911
13,684
A Maine.b.—
Boston Rev. B. A Lynn201,218
July 1 to Sept 30....
Jam lto Sept 30.... 407,193
Bridgt. A Saoo R.bSept
4,296
13,486
July 1 to Sept 30....
Buff. Att A Arcade—
6,941
July 1 to Sept 30....
643,552
Bufl. R. A Pittbs.b.Sept
July lto Sept 30.... 1,897,702
Buflalo A S'squeh.aSept
88,644
230,689
July lto Sept 30....
CatiadianPaomc.a.Sept 3,651,482
July 1 to Sept 30.... 10,452,286
Cane Belt.
24,630
Sept
58,807
July lto Sept. 30....
820,252
Cent, of Georgia. a. Sept
July 1 to Sept 30.... 2,180,273
180,118
354,095
3,321
12,887
Central New Eng.a.—
149,452
165,002
July 1 to Sept 30
997,552 1,443,846
Cent, of N. Jersey .a. Sept
3,227,018 4,423,180
July 1 to Sept 30
Jam lto Sept 30.... 10,659,855 12,516,797
Central Paolflc.b... Aug. 1,853,768 2,026,285
July 1 to Aug. 31.... S,793,488 3,875,091
Caattan'ga South.aSept
9,743
7,255
82,751
65,927
Jam 1 to Sept 30
Cbesap. & Ohio. a.. Sept 1,181,846 1,456,053
July lto Sept 30.... 3,390,582 4,302,037
802,694
Chicago A Alton. a. Sept
873,658
2,570.413 2,480,970
July lto Sept 30
Ohio. Burl.AQuin.bAug. 5,171,300 4,979,672
July lto Aug. 31.... 9,791,687 9,460,462
Ohio. AEast.Ill.b.. Sept
619,332
506,071
July 1 to Sept 30.... 1,726,705 1,501,450
Ohio. Gt. West'n. b. Sept
664.620
676,943
July 1 to Sept. 30
1,879,525 2,008,859
Ohio.Ind.ALouis.a.Sept
444,812
398,661
July 1 to Sept 30.... 1,294,329 1,210,972
Chio. M. A St. P.a..Sept 4,443.216 4,150,493
July lto Sept 30. ...12,068,681 11,696,590
Ohio. R.I.APao.a..Sept v4,278,680 v2,703,337
July 1 to Sept. 30....vll,987,9S6 v8,490,868
Chio. Ter.Transf.b. Aug.
144,350
136,588
July 1 to Aug. 31....
284,556
269,535
500,338
460,800
Cln. N. O. A T. P.a.Sept
July 1 to Sept. 30.... 1,476,895 1,380,033
OLOin.Chio.ASt.L.aSept 1,746,928 1,662,528
July lto Sept. 30.... 5,061,156 4,987,916
PeoriaAEas*n.a..Sept
240,110
218,403
651,707
675,594
July lto Sept. 30
Oolor'do ASouth.b.Sept
446,487
506,472
July 1 to Sept 30.... 1,548,613 1,382,173
14,817
Oolum.Newb.AL.b.Sept
14,937
39,386
July 1 to Sept 30....
42,057
120,227
142,542
Col. Sand. A Hock. bAug.
226,429
July 1 to Aug. 31....
275,637
Connecting Terminal RR
July lto Sept 30...
24,763
48,806
60,317
1,743
5,308
47,347
60,731
962
4,851
6,810
2,267
2,538
564,318
306,487
257,743
1,718,506
880,340
797.066
74.158
t45,957
t37,312
200,679
199,219
181,358
3,264,024 1,410,755 1,352,732
9,234,030 3,949,367 3,754,231
13,499
7,866
3,711
26,773
21,235
8,347
589,843
212,641
173,884
1,757,898
566,636
472,094
.
For the first week of November our final statement oovers
54 roads, and shows 7 '49 per cent increase in the aggregate
over the same week last year.
1st
1139
Net Earnings Monthly to Latest Dates.— The following
ahowsthe gross and net earnings to latest dates of all Steam
Totals for Fiscal Year.
Westof P.
,
28,988
28,159
45,498
134,490
651,435
65^,074 2,017,704
3,110,189 5,418,615
774,821
895,629
1,613,569 1,720,413
1,643. def.3,946
7,603 del 2 9,300
367,159
605,005
1,033,298 1,751,591
316,478
287,021
959.194
916,919
2,235,433 2,141,720
4,035,282 3,860,772
296,598
225,720
785,168
673,566
208.783
201,879
511,894
622,369
192,706
177,430
544,146
509,735
1,553,909 1,379,563
4,447,606 4,191,466
1.910,167 1,106.250
5,306.903 3,528,723
67,974
60,970
133,839
122,237
122,343
124,823
363,102
375,762
494,423
500,739
1,256,871 1,497,546
60,455
48,204
169,299
148,845
122,970
97,327
336,373
370,276
4,834
6,870
11,956
16,583
1142,335
1187,163
ff33,698
1162,563
8,915
8,915
.
,
THE CHRONICLE.
1140
Gross Earnings. —
—Current
Previous
,
Year.
Roads.
Oooperstown * Char. Val,
July 1 to Sept 30....
Jan.
1
,
to Sept. 30....
Copper Range . Sept
July 1 to Sept 30....
Oornwall.a
Sept
Jnly 1 to Sept 30 ...
Cornwall ALnhan.. Sept
.
.
Jnly 1 to Sept. 3m....
Cumberland Vai b Sept
Jan. 1 to Sept 30....
Delaware & H'dson Co.—
— Gross Earnings. —
,
$
14,075
39,933
32,390
91,384
7,325
25,971
21,326
72,947
105,605
883,109
Reims. & Saratoga b—
Jnly 1 to Sept. 30....
971,723
Jan. 1 to Sept. 30
2,215,389
N.Y.& Canada, b.—
Jnly 1 to Sept 30
371,121
Jan. 1 to Sept. 30....
911,966
Albany & 8usq. b.—
July 1 to Sept ^0
827,797
Jan. 1 to Sept 30
2,953,619
Denv.&RloG'd<-.>>§Sept 1,545,704
July I to Sept
4,632,982
Detroit & Maofr o aSept
68,493
July 1 to Sept »u.„,
201,524
Dul. So. Sh.A Ati. b.Sept
241,617
July 1 to Sept 80....
772,277
m
Tear.
Net Earnings.
Current
Previous
Year
Year.
. .
6,367
20,-53
July 1 to Sept 30....
FtW.&Den. Clry.bSept
225,719
July 1 to Sept. so....
679.734
Georgia a
Sept
219,459
July lto Sept 80
540,380
Ga. 8outh. & Fla.a Sept
112,892
July 1 to Sept. 3o
354,860
GIlaVal.Globe&N.aSept
23,944
July 1 to Sept ao
73,849
Gr. Trunk of Can.. .Sept 2,368,039
July lto Sept3».„. 6,736,209
Gr. Trunk West. Sept
396.620
July 1 to Sept 3o.... 1,134,869
Det.Gr. H. & Mil. Sept
119.716
July 1 to Sept. 30....
317,296
Gulf & Ship Isl... a. Aug.
138,184
July 1 to Aug. 3i
268,428
Hocking Valley. a.. Sept
498,820
July lto Sept 30
1,576,062
Houet. ATex.Cet .bAug.
402,146
July lto Aug. 31....
741,200
Illinois Central... a. Sept 3,734,456
July lto Sept 30.... 10,483,695
207,028
Sept
Iowa Central a
617,024
July lto Sept 3o
Sept
6.315
Iron Railway b
18,656
July lto Sept 30 ...
69,994
Kanawha & Mioh.a Sept
191,893
July 1 to Sept 3o ...
{495,660
Kan. City South a Sept
July 1 to Sept 30.... 1 1,487,970
.
.
.
.
Lake
Sh.
.
16,841
42,477
13,407
35,564
10,586
31.914
29,646
102,526
112,856
802,575
4,116
10,228
17.774
48,703
3,075
6,411
9,046
33,380
22.150
285,528
8,427
13,176
6,119
11,627
4,779
16,024
14,275
49,880
51.261
286,518
859,512
2,051,774
393,488
693,732
351.561
642,282
348,528
865,822
177.433
388,617
174,199
362,552
Previous
Year.
Year.
5,649
17,842
164,824
515.268
148.250
415,766
99,227
314,628
28,502
80,644
2,127,147
6,288,004
413,166
1,059,924
88,084
290,530
106.895
206,638
458,744
1,341,688
421,315
808,414
3,425,279
9,984,209
206,351
589,539
6,130
18,861
91,055
257,710
441,744
1,267,580
def.316
Mo. Pao.
Are< Earnings.
Current
Pre vious
Year.
969
711
50,51^
115.789
ql88,374
q91,2l4
44,9"i8
28.855
23,847
96.902
89,396
14,350
13,290
44,088
37,717
903,222
818,545
2,391,398 2,223,017
46.232
84,677
103,657
131,882
42,338
21,899
104,142
85,163
47,761
19,182
93,230
42,870
182,523
185.838
615,959
537,462
142,329
147,867
223,458
246,199
1,055,303 1,007.933
2,508.271 2,980.112
24,685
34,059
89,588
93.480
977
1.894
4,044
6,747
def.9.014
15,551
def 20,757
55,806
UH.932
125,901
344,902
J361.798
.
July
1 to Sept. 3o.... 7,839,963 7,795,021
2,715,730 2,966,109
22,094.101 21,485,238 7,509,458 8,080,629
Jan. 1 to Sept 30
Lehigh Val. RR a . Sept 1,713.624 2,636,902 df.132,953
646.470
4,713,703 7,193,494 df. 757. 109 1,479.052
July 1 to Sept. 3o
121,661 1,578,351 flf.161,470 df.90,952
Leh. V. coal "o.a Sept
368.552 4,782,685 df.477,630 df.298io75
July 1 to Sept. 30
Total both oo'n.a.Sept
df.294,423
555,518
July 1 to Sept 30....
dfl,234,740 1,180,977
48.824
Lexlng'n & East. h.. Sept
34,103
20,952
15.150
145,915
101,329
July i to Sept. 30....
62,363
41,718
Ino. 51,206
Sept.
Long Island
Deo. 3,666
Inc. 78,544
July lto Sept 3o....
Deo. 85,403
Long Island b—
July lto Sept SO.... 2,184,854 2,106,310
903,210
988,613
Jan. 1 to Sept 30.... 4,765,391 4,310,175 1,468,292 1,503,656
Louisiana & A rh an. Sept.
43,963
38,744
15.596
17,717
121,702
July 1 to Sept 30 ...
108,457
37,113
42,097
70,339
57.021
Lou. Hen. &St. I ..Sept
26,082
13,339
206,319
182,223
July 1 to Sept. 3o
71,695
54,516
Sept 2,888.119 2,446,418
Louis v. & Nash v
936,750
778,595
July 1 to Sept 3o.... 8,369,255 7,193,448 2,667,724 2,068.765
Maoon & BirniinebSept
15,700
8,711
1.116 def. 1,06 5
Jnly 1 to Sept oO
37,160
25,182 def.2,855 def.4,875
i
Manhattan ElevatedJuly 1 to Sept 30
2,495,112 2,098,276 1,156,171
781,146
Jan. 1 to Sept 30 ... 8,230,597 7,094,526 4,090,172 3,106,574
Manistee & Gr. Rap. Sept
13,119
10,039
2,772
649
31,727
July lto Sept 3o
83, 11
5,692
5,647
30,361
Manistee & No. E. a. Sept
26,644
17,283
12,100
259,335
Jan. 1 to Sept. 3o
262,513
130,595
122.364
Manistiqne. b
Oct
8,728
def. 938 def. 1,865
2,770
93C99
Jan. lto Oct 31....
84,236
39,893
29,730
c Mexican Oent.e..Sept 1,679,027 1,826.590
436,060
330.604
15,170,635 12,870.604 4,458,797 3,435,622
Jan. lto Sept 30
542,512
cMex. Internat'i ...Sept
466.222
208,501
H8,'.75
Jan. 1 to Sept 30.... 4,714,799 4,346,133 1,801,211 1,833,832
4,317
Mlllen&Southwest.Oct
3,513
894
17
16,536
July 1 to Oot 31....
12,087
4,669
def. 72
44,331
Mineral Range. b... Sept
47,550
6,830
8,262
187,528
July 1 to Sept. 30....
154,773
23,327
34,462
351,232
Minn. & 8t. Louis. a.Sept
305,793
146.230
138,408
975.768
July lto Sept 30....
910,911
413.693
398,132
gM.St.P.&B. 8. M.bSept
723,294
566,751
401,560
333,061
July lto Sept 30.... 1,895,642 1,495,259
941,316
777,311
-i
A Ir. Mt. b.Sept
3,228,006
3,197,432
Jan. lto Sept30....a6,822;685 26;638;787
Sash. Ch.&st.JUb.. Sept n746,984 n625,474
July 1 to Sept 30....n2222,4ll nl898,629
cNat'lRR.of Mex.Sept
808,073
579,601
Jan. lto Sept iO.... 6,684,853 5,728,241
NeY.-Cal.-Oregon.a.Sept
24.715
17,356
July 1 to Sept 30....
55.037
43,997
Nevada Central.... Sept
8,365
2,314
July lto Sept 30 ...
9,953
9,091
Year.
1,121,632
8,867,293
n230.366
1,016,513
9,519,482
11194,457
11723,727
11574,209
316,185
161,316
2,292,345 1,821,643
11,691
9,015
24,725
21,009
1,210 def. 1,695
2,821 def. 5.336
Newb.D'tohess AConn.—
July lto Sept. 30....
Jan. 1 to Sept 30....
45,859
127,231
43,298
119,365
13,643
28,915
10,483
24,119
102,212
268,021
98,919
257,497
15,762
43,650
38,678
77,549
July 1 to Sept 30....
258,180
Jan. lto Sept 30....
720,438
N.Y. Chio.A St. Louis b—
July 1 to Sept 30
1,645,022
Jan. 1 to Sept 30.
5,006,986
259,712
684,807
34,331
57,096
37,102
66,687
1.905,607
5,488,190
514,741
1,452,368
1,361,145
New Jersey &New YorkJuly l to Sept 30
Jan. 1 to Sept 30
New London Northern-
N.Y. Lack. & West.b—
July 1 to Sept 30.... 1,184,516 2,388,177
2.044
Jan. 1 to Sept 30.... 4,544,611 6,392,977 1,300,278
ABartb—
N. Y. N. H.
July 1 to Sept 30.. ..12,072,403 11,207,297
Jan. lto Sept 30.. ..38,366,692 30,756,634
N. Y. Ont. & West.aSept
350,061
490,768
July 1 to Sept 30.... 1,096,121 1,605,809
N. Y. & OttawaJuly 1 to Sept 30....
33,285
30.097
Jan. 1 to Sept 30.
80,388
73,148
def. 160
57,293
179,089
97,381
LXXV.
$
$
$
$
Mo.Kan.&Texas.a.Sept 1.683,460 1,463,101
610,504
525.876
July 1 to Sept 30 ... 4,370,160 4,100,771 1,359,300 1,156,761
1,258,863
260,014
678.822
4,768,107 1,201,256 1,987,365
1,615,690
615,270
663,788
4,613.693 1,971,878 1,868,022
65,300
25.686
17.926
202,301
68,603
47,661
241,440
97,868
105,172
740,587
327,816
312,957
& Mich Bo.b—
.
Current
Roads.
Dunkirk All. V & Pitts.—
July 1 to Sept 30
86,572
88.616
11,934
36,087
Jan. 1 to Sept. 30
214,845
207,040
40,423
43,714
°Erie.a
Sept 3,511,494 3,561,644 1,053,360 1,202,* 73
July 1 to Sept 3o
10,361,188 10,914.990 8,170,686 3,760,249
Fairchlld&N E«st.Sept
2,929
2,939
213
1,368
July 1 to Sept 30....
8,765
8,888
3,632
4,624
iarmv.&PowhVuaSept
[Vol.
N. Y. & PennsylvaniaJuly 1 to Sept 30....
lto
Jan.
N.
Y
Sept. 30....
27,715
72,310
28,173
69,111
226,340
229,017
402,064
1,102,421
2,931,619
3,833,494 4,010,852
8,706,916 9,260,108
3,313
125,812
130,139
525,466
6,337
8,488
978 def.30,535
3.206
def.3,987
4,306
def.3,804
Rookaway B.—
<fe
July 1 to Sept 30....
143,375
150,250
177,048
169,183
9,706
107,936
86,641
350,328
745,465
620,829
July 1 to Sept3o
5,016.362 4,231,432 2,092,504 1.788,423
Northern Central. bSept
705,019
761,019
195,313
284,913
Jan. lto Sept 30.... 6,107,864 6,061,364 1,694,805 1,725,605
North Shore (Cal.)b Sept
50,566
42,378
19,702
12,359
Apr. lto Sept 30....
832,950
293,481
153,064
93,740
Pacific Coast Company -See Miscellaneous Companies.
lto Sept 30....
349,525
333,680
N. Y.8us. AWest.a.Sept
105,573
224,084
July 1 to Sept 30
369,288
731,548
Norfolk AWest'n.a Sept 1,740,120 1,456,313
Jan.
J
ennsylvania—
Lines directly operated
JEastofPitts.&E.Sept 9,822,750 8,701,950 3,568,310 3,436,510
J Jan. 1 to Sept 30. ...83,121,119 74,719,119 28,688,366 26,024,366
West of Pitts. AE Sept
Ino.
745,900
Ino.
129,600
Jan. lto Sept So
Ino. 5,006,600
Die. 1,176,400
Pere Marquette. a.. Sept
935.169
834,734
278,445
241,163
Jan. 1 to Sept 30.... 7,302,937 6,778,952 1,857,049 1,666,933
Philadelphia Company— See statement on page 1144.
hila. AErle.b
Sept
668.912
675,334
198,988
328,181
Jan. lto Sept 30
4,625,695 4,969,448 1,567,262 3,008,708
Phll.Wllm.&Balt.bSopt 1.086,590 1,006.590
395,466
867,766
Nov. 1 to Sept 30. ...11,085,868 10,734,368 8,569,485 3,878,585
Pine Bluft Ark. R... Sept
2,259
1,799
216
190
July 1 to Sept 30 ...
6,687
4.852
1,868
def.914
Pitts. C.C.&Bt.L.a Sept 2,073,503 1,829,236
629,476
629,660
Jan. lto Sept 30. ...16,692,661 15,057,227 4,517,760 4,333,856
PortJ'rvisMont.&N.Y.—
July 1 t«. Sept 30.
28.975
22,712
5,610
4,042
50,125
Jan. 1 to Sept 30.
48,827 def. 1,990 def. 6,877
Reading Company—
Phlla.&Read'g. b.Sept 1.939,444 2,435.553
377,881
900,984
July lto Sept 30 ... 5,852.814 7,208,841 1,417,526 2,678,266
Goal & Iron Co. b.Sept
155,316 2,304,214 df.254,185
267,965
653,t26 6,621,703 df.795,096
July lto Sept 30 ...
481,467
Total both Co.'s.bSept 2,014.760 4,739,767
6,506,640 13,830,541
July lto SeptSo
— Sept
Reading Co. b.
July
Tota
i
to Sept.
Com p
all
July 1 to
1
Rich. Fred.
ttlo
&
'
s.
3o
b Sept
Sept 3o
Pot.. July
Grande Jnnot.. Aug.
Deo. 1 to Aug. 31. ..
Rio Grande South b Sept
July 1 to Sept 30
.
8t. Jos.
&
July
Gd.
a.Sept
30
Isi
1 to Sept.
StLouls&N Ark bSept
July 1 to Sept. 30....
--..Hi Ban Kb. .Sept
July 1 to Sept 3o
8t.Louls 8' west.b.. Sept
July 1 to Sept 3o
St. Louis Vand <v T. H.—
July 1 to Sept. 30....
k
St.
—
102,441
85,419
49,496
52,396
410,516
401,371
46,-193
49,137
157.033
143,818
99,535
116,122
285,678
384,372
21,330
17,069
59,180
59,746
2,137,752 1,811,489
5,994.355 5,257,.' 93
649.025
609.196 W243.745 W174.705
1,705,895 1,678,113
465,661
324,883
581,608
1,650,654
311,897
San Ant.&Aran.P.aSept
783,824
July lto Sept 30....
138,783
San Fr. & N. Pac.a.Oot
515,534
July lto Oct 31....
Seaboard Air Line aSept 1,089,446
2,972,238
July 1 to Sept 30
Jan. 1 to Sept 30
Silver
123,696 1,168,949
622,430 3,159,733
114,088
78,122
349,440
239,333
237,734 1,247,071
971,870 3,899,067
28.739
31,348
fl4,849
fl5,719
fl28,l55 fl21,811
22,012
17,779
81,720
64,931
23,138
30,969
63,489
129,358
10,218
6,340
27,994
27,847
8*5,148
817,885
2,306.533 2,268,738
535,058
1,626,123
231,461
628,5*9
119,413
176.803
5 U,966
914.550
189.978
242,799
63,390
217.770
320.438
2,710,037
79ti,9b7
44«>,27l
201,273
640,702
82,362
188,987
56,665
200,636
813,384
881,100
Lake—
to Sept 30
20,364
July
20,667
2,689
10,036
South Buffalo48,009
July l to Sept 30
28,530
ISouthern Pac o aSept 8,007.016 7,100,819 3,014,136 2,556,026
July lto Sept 3o.... 21,786,694 21,029.019 7,52ft,686 7,791,409
36,096
Carson & Colo. b.Aug.
20,003
27.630
11,164
78,677
39,376
21,986
July 1 to Aug. 31....
49,070
l
.
——
November
V
83, 1902.]
— dross Earnings. —
Current
Previous
Year.
Year.
HE OffHONIOLK.
Set Earnings.
Current
Previous
$
Roads.
$
SoathernPao. Co.— ( Continued .)
Central Paclflo.b Aug. 1,853,768 2,026,285
July 1 to Aug. 31... 3,793.438 3,875,091
3,644
4,986
Dlreot Nav. Co.b Aug.
6,472
7.049
July 1 to Aug. 3j ....
579,595
507,660
Gal.Har.&S'n A. bAug.
July 1 to Aug. 31.... 1,010,687 1,139,549
35,796
71,742
Gal. Hous.& No.b.Aug.
65,748
100,696
July 1 to Aug. SI....
14.702
18,730
Gulf W. T.& Pno.bAug.
28,478
32,218
July 1 to Aug. 31
69,691
67.434
Houst. E.&W T b.Aug.
134.371
128,297
July 1 to Aug. 3i..-.
17,474
19,366
Houst.&Shreve bAug.
30,865
35.577
July 1 to Aug. 31
421,315
402,146
Hous. & Tex. C. b.Aug.
808,414
741,200
July 1 to Aug. 3i ...
3,549
4,578
Iberia A Yermll. b.Aug.
7.487
9,515
July l to Aug. Si
147,758
165,787
Louisiana West. b.Aug.
285.507
841,686
July 1 to Aug. 31 ...
—
—
—
Year.
Year.
$
$
774,821
,613.569
def.319
del. 3,893
77.312
136,252
24.393
27,630
6,834
9,491
1,810
def.2,187
5,840
8,6 £9
—
—
&
N.
3«/....
lto Sept 30....
Sept
Texas Central a
July 1 to Sept 30 ...
.
.
Toledo & O. Cent.a Sept.
July 1 to Sept 80
ToLPeorlaA West.bOct
July 1 to Oct 31
Ulster & Delaware1
def.14,479
def.10,338
8,262
35,2 1
1,142,926
2,211,367
77,801
148,818
49,729
120,447
13,212
13,027
13,595
11,449
128,150
79,490
59,113
271,531 def.26,192
97,187
799,321
132,552
412,140
417,484
1,166,930
186.189
484,750
176,087
433,145
151,503
403,916
65,624
129,060
260,584
797,225
117,367
410,801
147,276
407,208
50.234
135,986
247,770
764,113
110,371
410,424
14,173
17,208
23,525
22,584
44,323
163,832
35,499
106,650
26,644
63,088
10,219
26.308
58,128
205,874
34,458
124,104
226,750
243,334
81,063
98,948
Peoria—
Jan.
July
18,16ft
31,635
4,988
7.1-0
147,867
246,199
1,886
3,970
61,966
119,069
153,030
341,870
Y.b—
July l to Sept
.
902
3,961
3.52H
4,070
1,065,828
2,724,423
192,959
l to Sept 30....
662,296
Jan. 1 to Sept. 30 ...
Terre H. & Indianapolis.
459,113
July 1 to Sept 30....
Jan. 1 to Sept. 30.... 1,308,263
A
190.447
326,109
3,022,201
July
Terre Haute
def.ti.564
9,082,918
July lto Sept 3o.... 10,410,015
gtaten Island Railway52,776
July 1 to Sept. .10
131,883
Jan. 1 to Sept. 30....
Staten Island Rap. Tr.—
155,500
July l to Sept. 30
Syr. Blng.
895.62?
1,720,413
def.2,570
142,329
223,458
2,381
4,797
72,966
159,208
137.259
246,281
5,490 def.14,017
363
9,283
20,630
10.793
35,842
20,1^4
95,234
131,160
23i,0.M>
211,495
357,794
334.704
M'g'n'sLa.&Tex.bAug.
944,983
718,863
July 1 to Aug. 3i
15,487
22,320
N. Mex. A Ariz b.Aug.
42.577
42,621
July l to Aug. 3i
30,557
40,245
BT. T. Tex. & M.b Aug.
56,141
73,209
July 1 to Aug. 31 ..
327,839
328,239
Ore iron A Calif. b.Aug.
607,852
662,205
July I to Aug. 31....
676
27,749
36,245
SonoraRailw'y.b Aug.
5,587
72,287
80,538
July 1 to Aug. 31
6,887
82,669
98,559
So. Pao. Coast b.Aug.
32,036
181,684
201,516
July lto Aug. 3i
882,894
p8o Pao.RR ro. bAug. 2,290,169 2,449.307
4,555,171 4,699,361 1,836,506
July 1 to Aug. 3i
34,290
294,075
8o.Pao.88.L1nes.bAug.
94,097
568,774
July 1 to Aug. 31.-..
64.388
250,603
262,004
Texas & N. Orl b.Aug.
126,044
496,752
528.212
July 1 to Aug. 30
Southern Rallw'v aSept 3.620,343 3,092,328 1,174,661
—
to Sept. 30....
145,212
503,292
157,597
500,360
lto Sept. 30....
Union PaaSyst'ma.Sept 4,637,571 4,240,814 2,283,296 2,048,940
July lto Sept 3o... .13,163,311 12,318,101 6,473,801 5,874,865
610,924
565,48
Sept 1,840,909 1,661.284
Wabash, b....
5,466,145 4,900,003 1,719,643 1,514,148
July lto Sept 3o
96,202
W Jersey A 8e«sh.bSept 386,608 365,808 121,302 879,157
965,357
3,176,491 2,987,691
Jan. lto Sept 3o
112,865
351,221
309,892
78,866
Wheel. A L. Erie. b. Sept
908.602
239.947
290,369
1,048,160
July lto Sept3o
Jan.
ft
—
7,413
5,331
Wlehlta Valley.a. . Aug.
39,617
45,970
Jan. 1 to Aug. 31
12,497
16,427
Wmso'rt & No. Br.aSept
42,216
52,050
July lto Sept so ...
492.319
592,966
Wisconsin Central to Sept
July lto Sept3o... 1,734,902 1,569,948
18,278
11,643
Wrtghtsv.A Tenn.bSept
41,276
29,118
Jury lto Sept 3o....
464,710
568,167
Yazoo & Miss. Val. a Sept
1,514,444 1,804,078
July 1 to Sept 30.
. .
3,335
18.966
5,826
22,245
236,317
686,197
9,331
15,182
77,053
67,936
5.026
24,650
4,962
17,351
184,207
603,311
8,883
7,176
74.960
182,794
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxee
e These figures are in Mexican ourrenoy, and are convertible into
gold at the ourrent rate of exohange.
e Results on Monterey A Mexican Gulf included from Maroh 1, 1902.
f Thirty per cent of gross earnings.
g Includes Missouri Pacific & Iron Mount'n and also Oent'l Branch.
1 These figures inolude Houston <fe Texas Central and its subsidiary
and also Steamship Lines.
i These figures Inolude results on the Buffalo & Allegheny Valley
Division in both years.
kThece figures Inolude in both years results on Kansas City Fort
Scott A Memphis RR. and Fort Worth & Rio Grande RR.
n Includes Paduoah A Memphis Division from July 1 In both years
Expenses for Sept. inolude $14,712 paid for Improvements on this
division and $109,070 from July 1, 1902.
p Inolndes results on former Southern Paoiflo of Arizona, Southern
Pacific of California and Southern Paoiflo of New Mexico.
q Including remittances from connecting roads, total net inoome for
three mouth* is $218,374, agst $91,214 lor the same period last year.
t After adding $7,641 other inoome for September, 1902, and $2,812
for Septeu ber, 1901, total net inoome amounts to $5<.598 and
$40,124 respectively. From July 1 other income amounts to $17,795
and $3,493, u.aking total net inoome $117,014 and $89,851 respeo
lines
lively.
a Including
earnings of Savannah Florida
———
3
.
A Western in both years.
1141
v Inoludes $251,155 other inoome in September, 1902, against
$l7,5b2 for September, 1901. Total other Inoome from July 1 to*
sept. 30 Is $452,397 and $338,736 respectively.
iv Betterments included in operating expenses September, 1901.
$27,302; September, 1902, nothing. There was expended for betterments and obarged to general improvement f and Sept., 1902, $77,064.
taxes and rentals, amounted to $183,943,
t For September, 1902,
against $168,190, after deducting which net for September, 1902, was
$1,766,828, against $2,033,605. From July I to Sept. 30, 1902, taxes
and rentals amounted to $563,287. against $508,507, after deduoting
whloh net was $4,843,419, against $5,755,815.
Snb. Belt lnoluded from January 1, 1902.
J Kansas City
Grande Western for both years.
Rio
Includes
§
taxes and rentals amounted to $5,313, against
IT For August, 1902,
£5,168 in S901, after deducting whloh net for August, 1902. was
Taxes and rentals from July 1, 1902, to
«37. 022, against $28,525.
Ang 31 amounted to $13,286 against $12,269, after deducting whloh
net was $73,877 and $50,294 for 1902 and 1901 respectively.
—
Interest Charges and Surplus* The following roads, to
vddition to their gross and net earnings given in the fore<olng, also report charges for interest, &c, with the surplus
i.bove or deficit below those oharges.
Int., Rentals, etc.
^—Bnl. of Net Earn'gs.—.
Current
Prtrious
nrreiit
Previous
—
—
.
.
(
Year.
Year.
Year.
Year.
Roads.
Atlantio A Birm'srh-Oot
July 1 to Oct 31....
Bellefonte Central. Oot
$
$
$
$
2,471
9,108
2,084
8.334
8.182
550
551
Oct 31
Boston A Maine-
5,500
5,510
2,460
5,046
1,380
8,174
July 1 to Sept 30..„ 2.026,584
6,081,546
Jan. 1 to Sept. 30
Buff AttioaA Arcade401
July 1 to Sept. 30....
1,999,811
5,987,667
Jan. 1 to
Jent.
22,596
1.478
12,728
*
*
875
1,040,669
1,668,514
•
•982,707
1,510,718
1,866
1,663
38,961 def.*7,890
•8,175
New England-
July
1
to Sept 30....
38,661
—
Quinoy Aug.
813,000
808,524 1,422,433 1,333,196
1,626.000 1,617.048 2,409,^82 2,243,724
July lto Aug. 3i
135,457
128.786
•170,309
•101,764
Jhlo. A E. Illinois.. Sept
408.083
394.019
*451,094
•334.011
July 1 to Sept 30....
242,753
Olev.Oin.Ch.&Bt.L.Sept
234,729
251,670
266,009
708,911
704,531
July lto Sept3o....
547,960
793,015
Sept
83,689
Peoria & East
33,689
26,766
14,515
101,065
101,065
July 1 to Sept 30....
68,234
47,780
Cooperst'n & Clmr.Val.—
812
801
July 1 to Sept 30
3,304
7,626
8,725
*1,774
•4,483
Jan. lto Sept. 30....
8,814
5.875
Sept
Copper Range
4,289
11,899
1,830
17,649
July 1 to Sept 30
12,824
31,054 def. 1,197
Delaware A Hudson—
Renss. A Saratoga.—
317,230
309,351
July 1 to Sept 30....
76.258
42,210
939,191
Jan. 1 to Sept 30....
927,118 df.245,459 df.284,836
ihlo.tiurl.dz
—
N. Y. & CanadaJuly 1 to Sept 30
Jan. lto Sept 80
Albany A Susqueh.—
July 1 to Sept. 30
Jan. lto Sept 30
Den. <k R. Grande. t. Sept
July lto Sept 30
Oul. So. Sh. & Atl.. .Sept
July 1 to Sept 30....
& Pitts.—
July 1 to Sept. 30....
Jan. 1 to Sept 30
Gila Val. Globe & N.Sept
July lto Sept 30
Booking Valley
Sept
July lto Sept 30
Kanawha & Mich. Sept
July lto Sept 30....
Lake Ph. & Mich. 8o.—
July l to Sept 30
91.245
277,020
93.227
280,426
86,188
111,597
80,972
82,126
307,409
919,073
321,928
962,526
79,648
289,435
316,591 def.47.395
945,875
282,183
306,517
t299,509
911,975 tl,055,716
*19,690
78,641
235,925
*90,128
362,281
1,041,490
t358,4l4
1991,387
•27,808
•78,536
3,675
13,337
*8,433
3,731
*27,290
11,712
7,378
H7.298
23,386
U 20,241
•121,387
74,018
*432,520
217,917
11,125 *df.22,582
32,867 *df.58,510
•32,811
•32.491
5,992
17.476
•122,699
•348,361
•4,913
•24,064
Dunkirk All. V.
.
Jan.
lto Sept 30
Long Island RR.—
July 1 to Sept 30
1T6.972
1120,702
69,671
216,963
14,041
39,498
1 ,045,000
979,920 '2,080,730 •2,291,109
3,055,000 2,847,797 '5,644,458 '6,055,529
489,409
506,914
1,227,949
Jan. 1 to Sept. 30.... 1,189.053
•507,739
•541,203
•576,331
•544,603
Manhattan ElevatedJuly 1 to Sept 30
Jan. lto Sept. 30
644.769
*592,690
632,351
•340,083
1,958,954 1,933,276 '2,445.731 '1,806,044
6.051
Manistee & No. E ..Sept
6,092
11,232
6,008
54,455
Jan. lto Sept 30
54,827
76,140
67,537
•864
Mineral Range
8,196
Sept
7,946 *def.l,245
24,590
•10,280
July 1 to Sept 3o
24,335
*def.854
Mo. Kan. & Texas. .Sept
308,665
304,276
301,739
221,600
July 1 to Sept 80....
935,380
911,704
423,920
245,057
Nashv. Chat.A st.L.Sept
150,387
152,509
79,979
41,948
452.761
July lto Sept3o
457,529
270.966
116,830
Nev.-Oal.»Oregon
Sept
1,875
2.250
9.816
6,765
July lto Sept 30
6,070
7,215
18,655
18,794
Newb. D'tchess & Conn.—
July 1 to Sept 3o....
*9,128
4,550
•5,599
4,947
* 15,040
Jan. lto Sept 30
•9,541
14,282
14,924
New Jersey & New YorkJuly 1 to Sept. 30....
*8,157
"23,227
15,312
15,450
Jan. lto Sept 30
46,065
*1,126
•31,558
46,008
. . .
,
'
New London NorthernJuly 1 to Sept 30
63,302
190,924
Jan. 1 to Sept 30
N. "X.Chlc. &8t. L.—
July 1 to Sept 30
Jan. lto Sept. 30
339.904
976,442
N.Y. Laok. & WesternJuly 1 to Sept. 30
614,477
Jan. lto Sept 30
1,846,767
N. Y. N. H. & Hartford.
July 1 to Sept. 30
2,050,093
Jan. 1 to Sept. 30.... 6,156,547
N. Y. & Ottawa-
July 1 to Sept 30
Jan.
1
Jan.
lto Sept 30
to Sept. 30..*.
N.Y. <fe Pennsy ivHiiia
July 1 to Sept. 30
1,350
13,510
586
5,945
63,992 *df.23.345 -df.22,644
194,866* lf.118,923* df. 115,941
*176,245
•501,099
•89,278
•445,375
618,319 df.612,433
1,856,802 df. 546,489
484,102
1,075,317
318,621
933,862
2,036,451 •1.841,409 '2,043,199
5,991,259 •2,722,570 •3,606,317
4.^87
1,200
2,288
14,053 def.12,532 def.44,588
5,716
17,080
2,670 def 1,410
def.9,932 def.20,884
—
)....
—Int., Mentals,
Roads.
N. Y. & Rockaway B.—
July 1 to Sept 80
Jan. 1 to Sept. 30
Norfolk A W68t'n....Sept
July 1 to Sept. 30....
North Snore (Cal.L.Sept
Apr. lto Sept 30....
Pere Marquette... Sept
.
Year.
Year.
Year.
Year.
$
$
$
$
[Vol. f.XXV.
Interest Charges and Surplus.
,
—Int., Rentals,
183,400
'114,712
428,668
17,080
55,717
192,161
576,485
8,318
51,195
125,320
1,099,621
127,955
•135,763
532,399
1,458,344
8,098
88,936
144,354
647,779
1,211,938
4,041
486
def.267
1,449
419
def.296
def.2,363
42,545
115,843
557,312
def.372
1,322
4,415
13,256 def.15,106 def.29,132.
etc.
—
-Bal. of Net
July lto Sept 30....
Rlo6randeJunot...Aug.
Deo. 1 to Aug. 31
Bio Grande South.. Sept
July 1 to Sept 30....
A Gr. Isl'd..Sept
July 1 to Sept 30....
& San Fran... Sept
July 1 to Sept. 30.
A Ar. P ... Sept
July 1 to Sept 30....
San Fran. A No. Pat Oct
July 1 to Oct 31....
Lake-
*9,446
1,973
716
1,081
July lto Sept 30
South Buffalo*28,370
225
July 1 to Sept. 30....
*488,559
Sonthern Pao. Co... Sept 3,308,936 $2,146,465 *df.238377
July lto Sept 30.... 9,275,396 56,412,587 'df.1,479,799 *1,654,349
Staten Island Railway*10,394
'10,053
8,748
8,788
July lto Sept. 30....
* 4,02 8
3,749
25,478
26,303
Jan. lto Sept. 30
Staten Island Rap. Tr.—
*20,743
*40,S10
50,349
50,349
July 1 to Sept 30....
Syr. Bing. A N. Y. 87,647
44,905 def.72,597
46,405
July lto Sept 30
277,425
134,715 def.42.028
139,215
Jan. 1 to Sept 30
*18,262
*5,799
40,036
38,839
Toledo & Ohio Cen ..Sept
87,229
*48,495
116.782
119,750
July lto Sept. 30....
11,407
23,051
12,961
22,538
Xol. Peo. & West... Oct
31,902
15,498
90,151
92,202
July 1 to Oct. 31....
Ulster & Delaware—
61,647
*42,480
39,202
39,153
July 1 to Sept 30
'30,050
*39,462
118,973
119,958
Jan. lto Sept 30
131
3,104
1922
Aug.
3,204
Wichita Valley
9,271
1,023
15,379
17,943
Jan. 1 to Aug. 31
2,670
3,320
2,292
2,506
Wmsport & No. Br. Sept
10,475
14,931
6,876
7,314
July lto Sept 3o
•51,046
*94,173
139,131
145,107
254,914 188,245
421,004
440,207
July 1 to Sept 30....
—
After allowing for other income received.
These figures are after allowing for other income and for dieoount
and exchange. After deducting $10,000 for Renewal Fund in
September, 1902, and $10,000 in September, 1901, the surplus for the
month is $289,509, against $348,414 a year ago. Similarly, after
deducting $30,000, the surplus from July 1, 1902, to date is $1,025,716, against $961,387 a year ago.
1 Includes Rio Grande Western for both years.
§ These figures inolude $1,964,833 appropriated for betterments and
additions to properties and equipment in Sept., 1902, and $785,064
in Sept., 1901. From July 1 to date appropriations are $5,274,270
and $2,327,134 respectively.
account,
D Interest on advanoes by Southern Paoiflc not taken into
but figures inolude $3,791 appropriated for betterments and add!
tions to properties and equipment in Sept., 1902, and S6,2f,9 in
Sept., 190i. Amounts from July 1 to date are $12,630 and $26,278
•
\
respectively.
f These figures include $663 appropriated for betterments and
additions to properties and equipment in Sept., 1902, and $990 in
The totals from July lto date are $1,777 and $1,316
Sept., 1901.
respectively.
Previous
Current
Previous
Year.
Year.
Year.
Year.
$
$
$
$
Companies.
Col. & Hook. C. & Ir.Aug.
July 1 to Aug. 31
Lowell Eleo. Lt. Co.Aug.
July 1 to Aug. 31
Mlnneap. Gen. Eleo.Sept
4,704
9,408
1,289
2,549
8,144
4,725
10,068
907
1,673
8,180
,
Companies.
Amer. Light A Trao. Sept
July 1 to Sept. 30..
Buffalo Gas Co. .. Oct
Col.&Hook.O.&I.-Aug.
July lto Aug. 31....
Gas A Eleotrio Co. of
Bergen County.. Oct
June 1 to Oct 31....
Laclede Gas L't Co. Oct
—Current
Gross Earnings. —
Previous
,,
Year.
Year.
$
$
17,596
87,336
31,375
129,643
10,294
18,815
24,400
116,480
Jan. 1 to Oct. 31
13,840
16.016
Lowell Eleo.Lt.Co.Aug.
26,301
31,464
July lto Aug. 31....
20.907
18,119
Mexican Tel'phone Sept
139,937
122,660
Mar. I to Sept 3o....
Milwauk. Gas L. Co.Oot
Jan. lto Oct 31
35,998
41,625
Mlnneap Gen.Elec.Sept
519.911
500,090
Pacific Coast Co.. aSept
July 1 to Sept 30.... 1,652,078 1,375,321
Philadelphia Co.- See statement on page 662.
Net Earnings.
Current
Previous
Year.
Year.
,
$
184,766
1215,120
36,282
14,974
32.151
15,067
57.405
114,211
904,127
5,948
10,224
9,548
63,132
66,899
534,143
18,760
109,486
317,277
U21.590
33,652
7,218
11,511
10,145
52,689
108,454
829,457
3.448
5,775
8,168
54,125
56,049
437,961
20,280
111,912
307,265
tThe month's proportion of the dividend on preferred stock was
$42,854, leaving a surplus for September, ) 902, of $41,912. For the
8 months the call for the dividend was $128,592 In 1902, against
$104,069 In 1901. leaving a surplus for these 3 months of $cS6,52S in
1902, and $17,521 in 1801.
10,270
22,743
4,659
7,675
10,615
2,493
1,443
2,541
4,102
12,099
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of the
—
is the same as that for the steam roads
that is, the
two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earning!
for the calendar year from January 1 to and inoluding such
latest week or month.
STREET RAILWAYS AND TRACTION COMPANIES.
Srst
Latest Gross Earnings.
GHOS8
Week or Ho
Our'nt
American R'ys.Oo.t. October...
Athens Electric Ry.. October...
Aur. Elgin &Chic. Ry. September
Bingham ton RR
September
Br'klynRap.Tr.Co.. 30 d'ye Oct
95,874
4,756
21,451
18.432
Earnings.
Year.
Prev'us
Year,
Jan. 1
to Latest Date.
Current Previous
Tear.
9
82,190
4.038
956,111
39,091
Tear.
$
748,483
31,781
18,456 159,758
153.114
994,189 10,877,689 10,373,734
Burlingt'n (Vt.) Trao. Ootober...
5,332
4,619
57,480
49,804
Canton- Akron Ry..
635,373 619,344 6171,277 6109,356
August
Cant-Mass'lnRy. S
Charleston Cons. Ry.
Ootober... 40,739 39.038
Gas & Eleo
Chicago & Mil. Elec Ootober .. 15,731 15,253
163,137 147,411
Cin. Dayton &Tol. Tr. October... 41,74,7
Oin. Newp. & Coving.
Light & Traction t. September 99,147 74,858
806,579 610.643
Citizens Ry. A Light
(Muscatine, Iowa). September
8,833
6,126
63,164
52,815
8,H7fc
01 ty Elec. (Rome.Ga.) October...
3,147
35,407
34.490
222.774
198.341
Cleveland Eleotrlo . Ootober...
2.069,34* 1,887,570
Cleve. Ely A West... Ootober... 28,242 22,735
245,177 211,760
Ootober... 16,213 16.63h
Oleve. Palnsv. A E.
160,677
139,823
Dart.AWportSt.Ry. Ootober...
9,347
9.789
Detroit United
4th wk Oot 92,963 82,696 2,87T,222 2,505,939
Detroit A Port Huron
Shore Line
4th wk Oot
8,890
7.912
352,423 288,947
1,037,178
.
Detroit Upsila'ti Ann
Arb. A Jackson Ry.
Ouluth-Sup. Traot...
East. Ohio Traction..
Elgin Aurora A Sou
Galveston City
Harrlsburg Traction
Houston Eleo. St. Ry.
September 30,580
September 46,378
Ootober
October
...
. .
September
Ootober...
September
Intern'l Ry. (Buffalo) September
Lake Shore Eleo. Ry. September
Ootober...
L.ehigh Traction
London St. Ry.(Can.)
Los Angeles Railway
Mad. (Wis.) Traotion
Met West Side Elev..
September
September
October...
October...
MU.Elec.Ry.ALi.Co. Ootober...
Mil. Li. Heat Air. Co. Ootober...
September
Montreal Street Ry
38,938
395,601 335,017
17,366 14,645
33.648 2S.577
341,889 304,143
17,486 11,580
127,700
92,078
37.447 32,163
382,573! 325,145
32,282 27.537
315.313 *246,4S4 2,550,075 '2,031,248
16.051 37,233
331,874 268,957
6,419 10,758
81.136 107,809
18.157 15,033
115,660 106,708
126,53:'
1,051,630 793,580
6,977
5.962
66,311
179.764 148,831 1,587,945 1,376.508
238.318 205.749 2,239,741 1,983,598
28.946 26,217
202.968 185,614 1,567,040 1,415,149
Musk. Tr. A Light. Co.
13,817
Street Ry. Depart. August
1,933
Eleotrlo Llghi Dep. August
2,60S
Gas Department... August
73,07c
August
Nashville Ry
New London St. Ry.. September 7.163
Northern Ohio Tract. Ootober... 65,627
Northwestern Elev.. Ootober... 107,821
Oakland Trans. Cons September 82,116
Jlean St. Railway... September
Orange Co. Traction. September 10,069
71.718
August
Paolflo Eleotrlo.
Philadelphia Co.i
Ootober... 1.14C298
17.03*
Pottsv'e Union Trac. July
Bys Co. Gen. — Roads. Ootober... 22,6
1.H55
October...
Light Co's
October... 91,552
Roohester Railway
iaorarnento Electric
September 52.664
Gas A Ry
Ootober... 603.403
St. Louis Transit
Savannah Eleot. Co. September 42,882
Seattle Electric Co. . September 163,68
22.512
Sioux City Traction.. August
South Side Elevated. October... 128.824
8pringneld(Ul.)Con. Ootober.
21,627
Syracuse Rap.Tr. Ry September 61,164
Terre Haute Elec. Co. September 32.716
21,325
Tol. Bowl.Gr. A So.Tr. October...
Toledo Rys. A Light. October... 124,487
^
.
Miscellaneous Companies.
Earn V/.s\—
Current
table
367,989
879.082 df.643,266
881,000
2,648,000 2,637,246 df. 1,671,130 761,821
8,011
7,141
7,708
7.708
51,937
53,780
69,374
69,374
1,307 def.1,532
19,311
20,705
9,903
22,948
55,028
58,772
22,219
11,471
8,750
11,667
103,108
26,250
28,438
35,001
*436,718
•339,200
396,866
540,371
*751,771 *1,115,962
1,599,501 1,166,717
12,973
73,187
1169,389
1166,791
41,169 def. 26,730
1)215,667
H'201,630
40.715
33,884
22,771
22,675
109,552
127,670
91,084
90,100
All companies... Sept
Silver
— ^Bal.
of NelEarn'gs.—
Previous
Current
Previous
.
Beading-
San Ant
etc.
Current
15,420
43,040
213,066
634,160
11,604
64,128
134.091
Jan. 1 to Sept 30.... 1,209,270
483
Pine Bluff Ark. K. Sept
1,449
July 1 to Sept 30 ...
Port J'rvlsMont.<feN. Y.—
4,288
July 1 to Sept 30
13,116
Jan. 1 to Sept 30
St. L.
,
THE CHRONICLE.
1142
St. Tos.
.
.
.
Toronto Railway
Twin City Rap. Tran.
Union (N. Bedford)..
Union Trao. of Ind..
United RR's of San
Francisco
n
Wk.Novl5 35.257
wk Nov
71,126
Ootober...
27.82.
2d
September 85,679
11,13^
1,895
2.153
61,93i
7,500
51,478
91,518
70,285
10,615
1,019,527
la, 12*
18.15r
1,924
79,972
483,848
56,245
514,279
828,339
"46", 124
79,236
11,266,274 9,911.050
93.197
230,377
17,849
39,346 349,998
531,510 5,334,660
38,402
127,425
20,!>44
160,225
113.246 1,171,607
19,927
161,858
53,992
32,156
14,7 09
202,17?
114.666 1,193,545
29.956 1.568,467
61.093 3,110,471
22.848
67,663 703,740
September 486,517 425,462
Trac. -(AId.) lstwkNov 28.211
Va. Pass. A Power Co Ootober... 120,342
.tt«<i
549,291
58,682
617,526
955,794
694,507
43,927
79,524
52,924,613
194,725
185,314
16,578
307,309
4,833,404
138,407
1,077,749
142,309
146,411
1,073.765
1,422,458
2,731,396
539,245
§2,726,216
25,187
Youngtowns -Sharon
Ry.
A Lt.Co
September
39,618
312.572
'These figures are for the corresponding period of 1900, as the figures for 1901 were unusually heavy, owing to the Pan-Amerloan Exposition at Buffalo.
Beginning with August results for 1902 are for Cincinnati Newport
Light A Traotion co. Figures for year to date seem also
to have been revised at same rime.
now
inolude tl.e Pittsburg Railway Co., operating the ConResults
t
A Covington
I
solidated Traotion and all the other controlled properties in Pittsburg.
t These are results for properties ownea.
6 Figures for 1901 are for Canton-Masslllon Ry. only; In 1902, sinoe
June 1, are for Canton-Akron Ry., including Canton-Masslllon Ry.
The latter separately earned In August, 1902, $26,432, against $19,344
In the corresponding period inl901.
§ These figures are from March 20th to
September 30th.
——
S
N©YKSiBER
THE CHRONICLE.
22, 1902.]
Street Railway Net Earnings.— In the following we show
both the gross and the net earnings to latest dates of all Street
railways from which we have been able to procure monthly
returns. As in the case of the steam roads, the returns of the
different roads are published by us each week as soon as received, and once a month (on the third or the fourth Saturday of the month) we bring together all the reads reporting,
as Is done to-day. Besides the companies furnishing monthly
returns, we have added this time the roads which make
quarterly returns.
Gross Earnings.
Cm-rent
Year.
Roads.
Albany & Hud. Ry. A P.—
July 1 to Sept 30
Amsterdam
Previous
Year.
Net Earnings.
Current
Previous
Year.
,
Year.
$
— Oct
Oct
Athens Eleo. Ry
31....
Aur 'ra Elg. & Ch. Ry. Sept
61,782
59,588
26,827
17,677
21,515
4,756
39,091
d21,451
14,318
4,038
38,781
10,711
3,363
23,976
5,823
2,797
19,217
dll,031
Bennington & H'siok Vah—
5,069
12,947
5,822
11,919
July 1 to Sept 30
7,972
18,456
8,470
18,432
Blnghamton RR.b.Sept
92,400
198,154
90,499
209,989
Oct 1 to Sept 30....
Brooklyn HeightsJuly 1 to Sept 30.
3,216,894 3,053,801 1,455,577 1,122,804
Bklyn Queens Co. & 8.—
118,728
104,130
217,626
217,253
July 1 to Sept 30....
516,802
415,548
Brooklyn Rap. Tr.a.Sept 1,124,883 1,080,158
July 1 to Sept 30.... 3,587,738 3,411,100 1,705,965 1,378,856
Bufi.
& Wllliamsv. Elec—
July 1 to Sept 30....
Central Crosst'n (N. Y.)—
July 1 to Sept 30....
Charleston Consol. Rail-
way Gas &
Eleo.. Oct
Deo. 1 to Oct 31....
Ohio.
Milw. Eleo Oct
Jan. ltoOot 31....
Cincinnati Dayton & Toledo Tiaotlon.b...Oot
&
June 1 to Oct 31
Oln. Newp. & Cov.aSept
Jan. 1 to Sept 30....
Citizens' Ry. & Light—
(Muscatine, la.).. Sept
Jan. 1 to Sept 30....
City Eleo(Rome,Gai Oct
...
Jan. 1 to Oct 81—.
Olev. ElyriaA West. Oct
Jan. 1 to Oct 31....
Clev.Painesv.A E...Oot
Jan. 1 to Oct. 31....
Cohoes City Ry.—
July 1 to Sept 80....
Isl. & B'klyn b—
July 1 to Sept. 30....
5,698
5,375
3,445
98,342
118,568
31,334
36,704
39,033
457,980
15,253
147,411
13,494
268,132
9,183
96,774
14,476
168,514
41,747
226,249
99,147
806,579
74,858
610,642
19,099
112,395
49,449
353,781
8,833
63,164
8,878
35,407
28,242
245,177
16.213
160,677
6,126
52,815
3,147
34,490
22,735
211,760
15,639
139,823
7,061
6,741
40,739
621,444
15,731
163,137
3,261
8,941
84,981
38,193
246,362
2,438
22,129
1,446
457
347
3,829
12,212
109,749
6,558
74,058
4,490
10,124
95.711
7,081
68,024
922
1,569
525,551
489,066
243,442
227,519
25,037
24,752
2,718
1,862
10,402
9,662
3,617
3,095
39,770
35,687
137,658
125,947
Detroit United.a... Oct
302,388
267,081
Jan. 1 to Oct 81.... 2,881,083 2,512,923
16,280
62,751
128,063
1,257,259
14,111
62,791
July 1 to Sept 30....
Corning & Paint'd PoetJuly 1 to Sept 30
Detroit & Port Huron
Shore Lin a
Sept
July lto Sept 30 ...
Dry Dock East B. & B.—
July lto Sept i>0....
Duluth-Sup. Trao..Sept
Jan. lto Sept 30....
150,106
46,378
395,604
153,742
38,933
335,017
113,577
1,130,556
39,468
23,287
188,877
Eastern Ohio Traotion—
October
17,366
14,645
7,224
Elgin Aurora ASo.aOot
33,648
28.577
12,607
June lto Oct 31..189,307
169,109
84,519
Slmira Water L'ht & RR.— (Street Railway Department only.)
July 1 to Sept 30
53,563
47,612
17,220
42dSt. M.&St N.Av.July 1 to Sept 30....
200,136
189,230
91,942
Galveston City Ry..Sept
17,486
11,580
8.240
Jan. 1 to Sept 30
127,700
92,078
39,125
50,080
18,992
153,466
12,176
82,335
3,834
28,003
)
.
Houston
Elect. Co.. Sept
19,663
37,447
382,573
32,282
2.852
32,163
325,145
27,537
103,841
315.318
999,061
107,743
{246.484
{761,197
153,788
492,397
144,843
{137,550
{416,452
26,526
26,562
7,938
1,218
8,191
15,092
166,527
14,478
951
9,592
128,818
12,707
Hudson Valley Ry.—
July 1 to Sept 30
Intern'l Ry. (Buff). Sept
July lto Sept 30
Ithaca Street Ry.—
July 1 to Sept 30....
Kingston Consolld'd—
July lto Sept 30....
Lake Shore El.Ry.aSept
Year.
Roads.
New London St. Ry.Sept
NT.
July 1 to Sept 30....
Y. & North ShoreJuly 1 to Sept 30
New York <& Queens Co.—
July lto Sept 30
Jan. 1 to Sept 30
Niagara GorgeJuly 1 to Sept 30....
North. OhioTrac.a.Oct
Jan
1 to Oct.
31....
Jan. 1 to Aug. 31
Olean Street Ry.—
July 1 to Sept 30
Jan 1 to Sept 30....
Sept
Orange Co. Trao
July 1 to Sept. 30
Oswego Traotion—
July 1 to Sept 30
Pacific Eleo. Ry.b.. Aug.
Peeksklll Light.
Set Earnings.
Current
Previous
,-
Year.
Year.
Year.
120,658
$
7,500
30,758
*
2,431
14,843
3,350
17,044
42,076
47,487
19,456
21,913
192,699
451,591
170,407
402,877
103,440
195,996
98,612
200,147
44,326
65,627
617,526
84,531
612,391
154,223
51,479
514,279
74,088
30,744
29,295
277,056
38,874
242,172
128,087
22,710
222,149
28,882
18,401
43,927
10,069
87,212
16,372
40,124
10,615
87,453
10,266
20,635
5,062
20,936
9,485
20,111
4,546
20,618
13,990
71,718
16,798
5,170
31,324
6,861
& RR.—
—
—
13,846
115,583
11,901
20,600
146,237
16,538
23,605
43,795
7,162
6,723
37,806
24,245
75,271
6,076
9,377
275,768
50,281
6,056
58,939
60,050
558,264
& New England-
July 1 to Sept. SO
28th & 29th Sts. RR.—
July lto Sept 30....
12,969
13,673
2,595
4,157
48,627
44,808
21,209
21,148
Twin City Rap. Tr.. Oct
164,091
152,898
304,317
270,953
Jan 1 to Oct 31
2,971,411 2.611,117 1,639,865 1,424.216
Union Ry. (N. Y.K...—
July lto Sept. 30
100,378
298,873
271,961
109,170
United Trao. Alb'y) Oct
133.305
19,715
Jan 1 to Oct 31
1,243,794
365,615
Van Brant St. & ErieB.—
July 1 to Sept 30....
13,413
13,560
6,106
5,678
.
Virginia
&
Passenger
Power Co
July lto Oct
Oct
74,358
97,426
129,342
314,192
31....
Westchester Electric.
July 1 to Sept 30
—
Yonkers RR.—
July 1 to Sept 30
Youngstown Sharon Ry.
& Light, a
Sept
Jan lto Sept 30
75,687
72,810
9,538
12,264
74,196
63,088
20,321
20,988
17,217
139,141
39,618
812,572
&
Results for 1901 are for Cincinnati Newport
Covington Ry.
Falling off in net earnings due to strike.
{;These figures are for the corresponding period of 1900, as the
earnings for 1901 were unusually heavy owing to the Pan-American
Exposition at Buffalo.
d Covers only about one-half total mileage, Elgin branch not yet
being in operation.
*
t
t
36.900
17,662
46,051
37.233
16,256
15,381
Jan lto Sept. 30
331,874
268,957
116,847
93,723
Lehigh Traction.... Oct
6,419
10,758
6,123
3,103
Jan. lto Oct 31
81,136
107,809
31,242
58,254
Lond.8t.Ry.(Oan.)aSept
18,157
15,033
9.509
7,179
Jan. 1 to Sept 30.
115,660
106,708
44,849
40,790
Los Angeles Ry
Sept
126,532
52,775
Jan 1 to Sept 3o.... 1,051,630
793",5¥6
314,648
463,525
Madison Traction.. Oct
6,977
5,962
2,415
1,781
Jan 1 to Oct 31
66,311
19,422
Mlddlet'n & Gosh. Eleo.—
July 1 to Sept 30....
18,416
20,293
4,459
5,485
Milwaukee Eleo. Ry. <fe
Light Co
Oct
238,313
205,749
123,411
106,500
Jan lto Oct. 31.... 2,239,741 1,982,598 1,178,331 1,005,010
Interest Charges
11,928
108,738
911,038
10,149
104,791
795,413
and Snrplns.—The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o. with the
surplus or defioit above or below those charges.
,
—
Milwaukee Light, Heat &
Traotion Co
Oct
28,946
26,217
Montreal St. Ry.... Sept
202,968
185,614
Oct lto Sept 30.... 2,046,209 1,900,680
*
*
7,163
30,542
28,674
12,798
July 1 to Sept. 30
Philadelphia Company— Be statement on page 1144.
Poughkeepsie Oity& *applngers Falls 28,201
28.456
3,054
July 1 to Sept 30
Rochester Ry.—
338,108
259,073
162,740
July 1 to Sept 30....
Rochester & Suburban—
23,790
23,358
10,290
July 1 to Sept 30
Sacramento Eleotrio Gas
52,664
39,346
22,949
Sept
& Railway Co
316,393
275,203
165,491
Feb. lto Sept 30
42,882
38,402
20,080
Savannah Eleo. Co. Sept
Scheneotady Ry. —
123,998
47,492
47,697
July 1 to Sept 30
163,685
127,425
55,796
Seattle Eleotrio Co.Sept
Southern Boul. (N.Y.).—
17,533
18,272
5,734
July 1 to Sept 30
21,627
19,927
Sprlngfl'd (IU.i Con.Oot
8,728
142,309
161,858
Jan 1 to Oct. 31....
8taten Island Eleo.—
72,160
79,909
28,200
July lto Sept. 30....
Staten Island Midl'd
58,681
56,157
33,557
July 1 to Sept 30...
Syracuse Rapid Tran.b—
182,741
166,796
81,517
July 1 to Sept 30....
Tarrvt'n White PI. & M.—
23,962
22,892
7,162
July 1 to Sept 30....
32,156
Terre H. Elect. Co. Sept
32,716
12,773
Third Ave. (N. Y.) b—
595,973
599,406
293,818
July 1 to Sept 30....
34th Street Crosst'n
47,146
July 1 to Sept 30
126,765
117,765
Toledo Bowling Green
14,709
9,046
& South' n Tract.. Oct
21,325
Jan 1 to Oct 31....
146,411
94,034
202,175
114,666
Toledo Rye. & L'ht.aOct
124,487
64,004
Jan 1 to Oct 31.... 1,193,545 1,073,765
586,474
Troy
>
(
6,963
11,613
84,085
Hamburg (N. Y. Ry.—
July 1 to Sept 30
Harrisb'g Tract'n . Oct
Jan. 1 to Oct. 31
.
.
Coney
Coney Isl. AGraves'nd —
—Current
Gross Earnings. —
Previous
,
Oakl'd Trans. Cons. Aug.
Ry.—
Street
July 1 to Sept 30....
Jan. l to
—
1143
.
Int.,
Rentals,
etc.
— ^-Bal.
of Net Earn'gs.—>
Current
Previous
Current
Previous
Year.
Year.
,
Year.
Year.
Roads.
Albany & Hud. Ry. & P.—
July 1 to Sept 30
Amsterdam
Street
37,185
32,557 *detl,851 def. A 9,873
Ry.—
July l to Sept 30....
6,087
Bennington & H'siok Val.July 1 to Sept 30....
2,446
Brooklyn HeightsJuly 1 to Sept 30
1,068,399
Bklyn Queens Co. & S.—
July lto Sept 30
92,968
3,703
*4,792
*2,371
2,446
*2,667
*3,376
1,068,591
*493,469
"165,282
93,234
"20,864
*11,407
———
—
.
THK
1144
— Gross Earnings. —
Roads.
Buff. & Williamsv. Eleo.—
July l to Sept 30
Central Crossi'n (N.Y.)—
July l to Sept So....
Charlesto Con sol. Rail-
'.'HK0NICL8S.
Current
Previous
Year.
Year.
Year.
Year.
$
$
$
$
309
312
"3,296
"3,185
25,725
26,390
"6,825
"11,795
12,605
180,151
12,761
75,632
889
87,981
1,715
92,882
16,512
81,753
20,862
189,535
15,876
141,205
2.587
30.612
28,587
164,246
22.317
105,157
1,724
1,799
def.155
def.877
68,843
71,003
"174,194
"156,812
250
24S
•2,480
"1,632
1,780
* 1,969
"1,608
r
.
way Gas &
Eleo.. Oct
Deo. 1 to Oct 31
Cincinnati Dayton & Toledo Traction
Oct
June I to Oct 31....
,
Oln. Newp. &( ov...Sept
Jan. 1 to Sept 30....
Conors City Rv —
July 1 to Sept 30
Coney Island <fe B'klyn—
July 1 to Sept 30
Coney Isl. & Grav's'nd—
July 1 to Sept 30....
Cormns: & Patnt'd PostJuly 1 to Sept 30 ...
Dry Dock East
B.
1,732
& B.—
July J to Sept aO
Elgin Auroral Ho. Oct
June 1 to Oct 31
Elmira Water L'nt & RR.
July 1 to Sept 30 ...
42d8t. itt. &st. N Ave.—
July 1 to Sept 30
33,332
8,333
41.666
82,433
8,383
41,666
*6,136
4.274
42,852
(Street Railway Department only. ;
"6,198
10,869
11,28;*
"18,192
3,280
42,418
"1,616
91,604
37,072
338
45,263
463
202
7,728
8,228
749
6,250
55,272
77,502
235,741
34,558 "df.17,330
"82.329
81.931
"277,113
245,793
"10,796
"64.457
'200,932
5,654
"6,072
"4,761
9,552
2,109
20,284
1.872
17,843
8,110
7,400
24,565
5.307
22,947
2,446
3,952
"2,133
"1,594
67,814
655,885
63,409
617,511
"57,137
"528,759
*38tf,661
9,778
Sept
22,887
Sept
210,066
Oct 1 to Sept 30
N. Y. & North Shore9,130
July 1 to Sept 30
New York & Queens Co.—
47,508
July 1 to Sept 30....
137,895
Jan. 1 to Sept 30....
Niagara Gorge12,879
July 1 to Sept 30
12.602
Northern OhioTrao.Oot
128,065
Jan 1 to Oct 31.
Oswego Traction—
3,540
July 1 to Sept 30....
8,615
20,543
146,162
2,180
85,851
700,967
1,534
84,248
649,251
9,983
'10,487
"12,093
45,653
133,446
"57,212
"62,200
"54,002
"70,307
13,917
12,437
111,159
"19,982
16,693
148,991
"117,040
10,273
110.990
3.320
"3,578
14,520
•1,630
16,804
6,250
6,543
Hamburg (N. Y
)
Ry
—
July 1 to Sept 30...
Houston Eleot Co.. Sept
Hudson Vallev Ry—
30
Intern'l Ry. (Buff) Sept
July l to Sept 30
July
to Sept.
1
Ithaca Htreet Rv—
July 1 to Sept 30....
Kingston Consolidated
July 1 to Sept 30.. ..
Lond.St.Ry (Can). Sept
Jan. 1 to Sept 30
Mlddlet'n & G sh Elec—
July
1
to Sept 30....
Milwaukee Eleo. Ry. &
Oct
lieht Co
to Oct 81....
Milwaukee Light, Heat&
Jan.
1
8,736
Eleotrlc
Aug.
Peekskill Light. & RR.—
July 1 to Sept 30....
Sacramento Eleotrlc Gas
Sept
& Railway Co
Feb. 1 to Sept 30
Savannah Eleo. Co. Sept
Schenectady Ry.—
July 1 to Sept 30
Seattle Eleotrio Co Sept
—
South. Boulev'd (N. Y.)July l to Sept 30....
Staten Island Eleo.—
July lto Sept 30....
Staten Island Midland
July 1 to Sept 30
Syracuse Rapid Tr.—
July l to Sept 30....
Tarrvt'nWhite P. & M.b—
July 1 to Sept 30....
Terre H Elect. Co. Sept
Thiid Avenue (N. Y.)—
July 1 to Sept. 30....
34th St. Crosst'n RR.—
July 1 to Sept 30....
Trov & New EnglandJuly 1 to Sept 30
28th & 29th Sts. RR.—
July 1 to Sept. 30....
TwU City Rap. Tr...Oct
Jan. 1 to Oct 31
Union Railway. N. Y.—
July lto Sept 30
Van Brunt St. & ErieB.—
to Sept. 30
July
Westchester Electric—
Juiy 1 to Sept 30....
Yonkc is RR.—
July 1 to Sept 30....
—
i
*
1
>
.
1902.
1901.
$
$
457,325
32,0*5
4,875.207
1,354,701
4,503.454
4d6,740
Tot earns. & other ino.
Deduot'ns from income*.
617,393
115,269
489,350
43,588
6,229,908
921,747
4,940.194
373,589
502.124
445.762
8.303.^61
4.566.605
224,331
108,437
166,678
99.137
2,273,315
1,093.302
1,6' 6,985
330,768
265,845
3,366,617
2,648,569
171.3*6
179.017
1.941.544
1,918,036
Total Income
Interest on funded debt.
Dividends on pref. stock.
Net Income of oomp'y..
342
53,914
8,3*0
429,598
net lno.
171,014
126,003
1,936,204
1,488,438
These deductions Include the following Items Rentals of leased
companies, Interest on current liabilities and tenement expenses.
1 Inoludes Consolidated Gas Co. of Pittsburg, Allegheny m. Co.,
Allegheny County Light Co., Chartlers Valley Gas Co., Union Gas
Co. of MoKeesport, Equitable Gas Co., Pittsburg Railways Co.
*
:
Baltimore
&
Obio Railroad.
{Report for the year ending June
81,107
74,861
•88,833
"45,737
6,152
6,257
•9,541
"9,777
12,614
80,805
10,496
11,256
71,481
5,310
18,379
"31,332
33,919
"30,144
25,416
4,732
4.767
1,002
2,395
18,930
27,221
"11,807
"10,873
The comparative statement of operations, earnings
charges, etc., for four years is a9 follows, including in
1900-01 and 1901-02 the Baltimore
Ohio Southwestern RR.:
&
OPERATIONS, EARNINGS AND EXPENSES.
Miles oper. June 30
1900-01.
3,221
3,233
14,022
19,616
10,223
57,075
57,021
"26,014
"19,822
4,357
6,450
4,303
4,776
"2,805
6,322
"2,603
4,600
0-456 ots.
0-498 ots.
0'390 ots.
Av. rate p. ton p. m." 0-515 ots.
Passengers carried. 12,050,275 11,660,900
9,465,136
8,632,524
Pass, carried 1 mile. 492,320,279 458,294,750 360.012.170 325,321,339
1-818 ots,
1-975 ots.
1-737 ots.
Ay. rate p. pass. p.m. 2016 ots.
374-56
40653
Av. tr'n load (tons).
Earns p. pass. tr. m.
$107
$0 94
$0 99
$0 87
Earnings per rev.
freight train mile.
$2 09
$1 69
$1 86
$133
Gross earn s p mile.
$14,649
$15,827
$15,438
$14,160
Earnings from—
$
38,575,631
9,923,867
1,271,605
1,007,241
399,817
35,553,872
9,054,602
1,191,073
942,018
372,866
$
$
26,631,343 20,055,664
6,544,933
5,650,664
764.524
777,205
681,474
636,407
267,953
1,284,981
Total earnings.. 51,178,061
Operating expenses
Malnt. of way.eto..
6,270,987
Malnt of equlpm't. 6,71 7,866
transpor'n
17,299,681
Conduot.
2, 600,030
General expenses..
47,114,431
34,890,227
28,404,922
5,721,695
6,104,310
16,609,911
2,610,315
3,578,370
4,261,202
12.881,031
1,807.180
4.283.846
3,466,813
11,9^3,269
2,039,394
Total expenses.. 32,888,564
21,783,323
$
Freight
Passengers
Mail
31,046,231
22,530.783
(64-26)
(65-89)
(64-58)
(76-69)
18,289,497
16,068,200
12,359,444
6,621,899
1899-00.
1898-99.
P.O. of exp. to earns.
Net earnings
Revenue freight only.
INCOME ACCOUNT.
1900-01.
1901-02.
16,068,200
856,793
12,359,444
987,273
6,621,699
855,290
20.579,605 16,924 993 13,346,717
168,364
182,440
305,124
7,476,889
136,863
18,289,497
Net earnings
other inoome..
2,290,108
Add
Total
Available inc.. 80,274,481
441,196 df.*121025 d£/100196
17,216
15,426
"30,267
1,614
1,690
981
2,467
21,522
77,733
765,966
21,348
75,664
736,437
"def.198
"def.117
86,358
873,899
77,234
687,779
68,085
35,542
"32,293
"74,253
1,496
1,400
-4,689
"4,351
9,040
8.988
498
4,276
15,750
Inolndes othrr Inoome.
Inoluding dividends paid on preferred stook.
4,113
"35,105
'5,444
1898-99.
2,047
Operations—
*
13,941
1899-00.
2,278
Tons freight oar'd*. 38,710.216 33,528,513 28.366,696 25,057,178
Tone fi'ght oar. 1 m* 7495527780 7140897000 5846897698 5137367360
Deduot net Wash. Br.
16,208
30, 1902.)
in detail.
—
438,430
991,584
Prop.tooth.thanPhil.Co.
Phil. Co.'s Int. In
Miscellaneous
"3.774
32,844
21,877
1901.
Net earns, from oper't'n 492,039
125,354
Otherinoome
"44.154
"4,889
9,344
74,756
1902.
On pages 1151 to 1155 will be found the report of Mr. L. F.
Loree for the year 1901-02 and also the general balance sheet
10.842
10,335
84,686
9,588
,
$
SS
1,019.527 11,2*5,273 9,911,050
562,202
6,380,066 5,407,596
Gross earnings
1,146,298
Operat'gexp's and taxes. 654,259
Express
53
Rochester Ry.—
July 1 to Sept 30
Rochester & SuburbanJuly 1 to Sept. 30
Philadelphia Company.}
ANNUAL REPORTS.
PougbknepsieClty&Wapplneers Falls—
July 1 to Sept. 30
lxxv
Results now include the Pittsburg Railways Co., operating the Consolidated Traction and all the other railroad properties controlled in
Pittsburg.
Jan. 1 to Oct. 31.-October.
1901-02.
Traction Co
Montreal St Ry
Pad tic
ivol.
Net Ear inngs.
Previous
Current
»
16,756,629
13,164,277
Deduct—
Int. and rentals
~. o~ 9
x8,902.665 x8,148,5l2 / fi
rt
970.504 J o.O".""
1,047,038
Taxes
2,400.000
2,400,000
Dlv. on pref. stk. (4%)2,400,000
Div. on com. stk..(4%)3,039,8l8 (4)l,p00,000 (2) 77S.560
"Additions & inip'to" 2,500,000
265,194
Miscel. improveiu'ts
1,038,745
Discount <S oommis.
2,500.000
240,932)
207,696 \
6,415,296
2,148,329
oat^h
•>"'-*»»
19,193,384 16,267,644 12,264,277
yl,081,097
y488,985
> 900,000
Total
Balance, surplus
7,340,026
6,415,296
924,730
y The difference in the surplus as shown here and In the pamphlet
report is due merely to a difference in the method of charging tlio common stook dividends, the above method being used for the sake of simplicity.
x The item
of interest, etc., $8,148,512 In 1900-01
and $8,902,565
In
1901-02, embraoes:
Paid In
Paid
1H01
1900-01.
I
8.
2.« -5,(100
Kirst mttje. 4s
Pitts. I.&M D. "
K26,o00
Scliul. a. a. S. "
So. West Div. 8^s. 1,505,000
3X.974
Kiiuip. securities.
2.63W.838
*f>4,194
88.S,
Paid in Paid in
in
Prior lien 3Xs int.$2,4fl7,5O0 $2,450,000
00
1,4H7,0S8
37,16*
P.
J,.
E.AW.Va.
i.
1001 08. 1900-0 1.
77S
Other bond*, interest. 671,706 $4 6,283
Chicago terminals.... '/n>,i!ss 208.158
(Jen, int. him discount 304.307 19--.07S
Ground
Wlu. &
routs
Strass.
On. 791
RK...
2,984
60.7SU
8,984
November
IHE CHRONICLE
22, 1902.]
GENERAL BALANCE 8HEBT JUNK
—
—
30.
1901.
1902.
1145
1900.
$
$
9
Assets
Cost of road. inol. eeonr'8pledg'<1.278.295,OSO 236.279.556 228,993,859
30,101,100 30,30rt. 884 27,493,736
718.989
692,740
781,471
655.383
642,389
665.022
13,688.845 12,229,862 11,960.024
Real estate
..
12.76S.473
12,347.233
11,659,855
Cost of other roads
308.345
866,4^0
288,412
Securities to retire old bonds, Ac.
1,974,192
2,447,667
2,361,101
Due from other roads
4.616.M3
6,1*6,542
15,190.651
Cash on hand and In banks
3.57H.039
2.791,988
4,045,442
Agents' balances
2,036.627
2,050,496
2,278,054
Trafflo balances
3.307.598
2,590,<98
4,369,078
Bills and accounts receivable...
8,590,381 14.lo5.260 11,400,381
Bonds of sundry oompanles
3,841,*84
16,543,877 12,609,959
Stocks of but, dry companies
4,337,148
Dae on B. & O. common stock...
2,879,152
3,282,163
3,605,697
Material on hand
77,460
74,477
283,926
Miscellaneous
The earnings, etc., compare as follows, the,
Stati*tics.
Rockaway Beaoh Ry. being
operations of the New York
included in 190103:
&
OPBBATIONS, EARNINGS, ETC.
Rollins stock
Mailnl equipment
Gas and eleotrlo plants
1901-02.
1900-01.
1899-00.
396
380
879
Miles of road June 30
Operations
Revenue passengers carried... . 16,611,102 14,520,218 12,387,649
240,683.822 198,793,891 170.658.570
Revenue pass, carried 1 mile
1*41 3 eta.
1*329 cts.
146 ots.
Rate per passenger per mile
1,945,854
1,642,937
1,518,387
Tons revenue freight carried
"
•«
•
" 1 mile 50,869,781 42,289,092 41,184,093
3-267
3*168 cts.
3-15 Ots.
cs.
Rate per ton per mile
110-53
120-38
Average train-load (tons)
62
freight
train
mile..
80
$3
$3
$3 47
Earnings per
87-7 cts.
94-8 cts.
$1 14
Earnings per pass, train mile
$13,305
$14,858
$12,010
Gross earnings per mile
1899-00.
1898-99.
1901-02.
1900-01.
—
Earnings—
Total assets
Liabilities—
Preferred stock
Common stock
392,747,943 838,853,301320,965,863
59,361,267 59,361,267 59.357,167
75.996.20U 45,000 000 45,(00,000
Bonds (see Investobs* SUPP'T).. 221,851,580 200,114,450 186.8O7.h80
883.2'4
883,274
881,181
Ground rent liens.
772,904
682.320
613,475
Real estate mortgages
176,411
224,763
161,939
Bonds and stocks not deposited.
85,391
123,343
47,439
Car truet and lease warrants....
441,500
513,500
M. Rlv. RR. Co. oar trust war'ts.
377.000
700,000
700,000
Monon. River RR. Co. 1st mort..
700,000
W. Va. &Pltls. RR. Co. 1st M... 4,000,000 4,0' 0,000 4,000,000
4,500,000
4,600,000
Bchuyl. Riv. E. ». RR. Co. 1st M.
4,500,000
190,137
123,593
Due to r.ilroads
438.223
Due to Wash. Br., incl annuities 1,503,080 1,216,606 1,076,668
25.701
Div. and int. pi lor to July, 1898.
27,744
24,918
Pittsburg <fe West, settl. account.
1,496,719
2.2S5.326
1,387,901
1,802,534
Pay-rolls
6,077.249
Aooounts payable
7,636.634
2,376.656
1.512.4S8
786,306
Traffic balances
1,882.629
38,996
Unclaimed wages
59,089
110.094
3,081.186
2.876,187
Accrued lnteres.t
3,218,381
2,922,284
Dividends aeoiared and unpaid.. 2,822,642
2,169,486
Individuals and oompanles
2,291,176
1,665,898
3,831.227
3~6,876
Accrued taxes, etc.
186,182
393,480
471,469
789,476
B. <fe O. relief department
1,279,315
633,739
Profit and loss
1,706,719
2,626,222
Total
liabilities
— V. 75, p. 980, 977.
392,747,943 338,853,301 320,965,863
Long Island Railroad.
( Report for the year ending
June
30th, 1902, J
Total
—
Expenses
Main, way & strnc.
Main, of equipment
Conduot'g tranap'n.
General
Total
P.O.
$
$
876,404
2,641,184
1,381,483
839,680
2,499,940
1,300,629
756,690
2,492.783
1,397,176
732,516
5,883,607
4,862.347
4,557,259
4,622,475
710,697
535,234
2,724,759
140,860
621,073
467.352
2,298.627
129,653
615,585
419,643
3,208,311
132,534
443,449
2,199,737
147,840
4.111.550
3,516,705
8,276,073
3.311,370
(69-88)
(72-3)
(71-8)
(71-64)
1,772.057
226,101
106,584
1,345.642
140,009
145,901
1,281,186
140,008
135,903
1,311,105
141,891
20,107
2,104,745
1,631,552
1,587,097
1,478,103
860,613
484,295
210,832
4,749
544,256
837.280
322,800
258,700
16,962
195,809
837,280
624,096
822,800
202,957
73,177
2,104,745
1,631,552
1,497,604
59,493
H
sur.71,549
sur. 3 1,142
1,223,030
250,073
snr.31,303
def.12,098
def.69,821
78,537
211,555
$
Passenger
Freight
MaU.express Aimlso.
3,401,228
1,605.975
op.exp to earns.
Net earnings
Net from ferries.eto.
Int. on invests., &o.
Tot. net income.
DeduetIntereston bonds..
Rent, of leased lines
Taxes
Miscellaneous
Extra'y expen. fund
Total
Surplus
N.Y.&Rock.B.result
Prospect Park and
Coney
Isl. result..
Sur. L.I.
RR. system
520,344r
322.8(10
232,084
5,440
100.000
Transferred to extraordinary expenditure fund.
UN.Y.& R. B. results in 1901-02 included In items above.
*
President William H. Baldwin Jr. says in snbstance
General Results.— The operations for the past fiscal year show an
:
in the general traffio earnings and in the physical condition of the property. The increase in gross earnings, including
York
Rooaaway Beach Ry. (in both years), was $664,849, or
12-7 per cent. The operation of the road has been made more efficient
OENEBAL BALANCE SHEET JUNE
Improvement
&
New
$
In every department, but the increased facilities furnished, together
with the unprecedented cobi of fuel, wages and supplies, are refleeted intbe expenses, whioh lnoreased $380,419.
The surplus net income was $544,255, whioh was credited to extraordinary expenditure fund, and after charging against that fund $ 56,824, the amount standing to its credit June 30, 1902, was $583,240.
The principal charges to Long Island extraordinary expenditure
fund were: Bridges, $42,477; rails, fastenings and interlocking,
$50,562; new stations, $3 -.649. The net oharges to capital account
were: Roadway, buildings and fixtures, $290,528; equipment, $533,163; marine equipment, *50,899; total, $874,!i91.
Majntknancb, Improvements, Etc.— During the year 3,300 tons of
100 pound rail were laid, releasing good relaying rail, whioh was used
on branobes. The appraised value of the equipment is In excess of its
book value. There were added to the equipment this spring 8 ten- wh^el
20x26 cj linder locomotives; 53 oars in passengers service (lnoluding S
vestibule parlor cars) aud 2 passenger motor cars. Eleven grade
crossings were eliminated and six are In process of change.
Large expenditures will be necessary upon the New York & Rookaway Beach Ry. to replace equipment worn out or destroyed In past
years, oonstruot additional tracks across Jamaica Bay, and equip it
for electrical operation In order to protect Its business and meet the
competition of other lines.
Tbollet links.— In order to accommodate thlokly settled districts
adjacent to the railroad two additional trolley lines were constructed
at a total cosr of $r 7,793— the Northport Traotlon Co., extending from
East Northport 8tation to Northport Harbor, 269 miles, and the
Nassau County Railway Co., from Sea Cliff Station to Sea CUff, 1-59
1
miles.
Steamers —The steamer Sagamore was purchased as an additional
ferryboat, to ply between Wall St. and Long Island City, at a cost of
$50,899. The steamer Montauk, owned by the Montauk Steamboat
Co., was sold, and a large steamer will be built in Its place.
Favobable decision —The decision of Justice Marean of Brooklyn,
forfeiting runts of the company In part of the right of way and tracks
of the Manhattan Beach Division at the suit of the Oanarsle RR. was
unanimously reversed by the Appellate Division in June; the opinion
practically establishes ownership of the routes in our lessor company.
TuNNbLS Etc.— lhe suit of the Brooklyn Rapid Transit Co. to prevent the Atlantic Avenue improvement has been decided In our favor
on the preliminary motions and the injunctions denied, and the work is
prooeealng. The ohange of grade of traoks from Fiatbush to Atkins
Ave. was begun Nov. 8, 1901. Payment by the olty of its proportion
(one-half) of the cost of these improvements has been approved, and
the accounts win be settled as they accrue.
The application for a franchise for the LoDg Island Extension RR.
Co. to construct a tunnel between Manhattan Island ana Long Island
City has been withdrawn. Meanwhile the Pennsylvania RR. Co. has
applied ror a fr nchise to build two single-track tunnels from Its lines
In New Jersey to a large central station to be located at 33d St. and
7th Ave
Manhattan, and thence to Long Island City, with four
single-traok tunnels to a oonneotlon with the Long Island RR. It la
intended that thla terminal station shall also be used by the Long
Island RR. co.
On July 24 the Board of Rapid Transit Commissioners of the City of
New York awarded a contract to the Interborough RR Co. to construct a subway and tunnel from City Hall, New York:, to Fiatbush
Ave., Brooklyn, as an extension of the subway now being constru -ted
in New York. The completion of this most important work, within
three years, together with the completion of the Atlantic Avenue Improvement of the Long Island RR. Co., will pro vide a convenient and
satisfactory route for Long Island passengers to and from lower
,
Manhattan Island.
With the two tunnel connections, one from 83rd St., Manhattan, and
another by way of Brooklyn, a large permanent traffio will be secured,
as well as an Increased summer business. In anticipation of suoh new
conditions, considerable expenditures must be made in additional
track, yards and equipment, and the Indications are that In the near
future the problem to be met will be that of handling the business.
Assets—
Road and equipment
30.
1902.
1901.
1900.
$
$
$
26,335,261 25,511,569 25,334,541
6,448,000 6,448,000 6,448,000
2,744,000 2,744,000 2,744,000
Exp. river & har. equip. .
237,309
186,410
277,418
Other companies' stocks
and bonas
2,994,213 2,793,970 2,688,790
Real estate mortgages...
226,488
206.488
206,488
Cash on hand
174.867
179,191
304,034
Agents, Individuals, etc..
616,645
310.194
279.208
Materials and supplies..
293,292
271,238
224,719
P. P & C. I. loan account
428,000
Leasehold estates
Ferry property
Expenses
Un M. bonds
630,250
727,751
92,187
918,515
Bills receivable
Advances
Miscellaneous
Profit
and
loss
Total assets
Liabilities
610,250
273,097
82,907
907,450
824,935
844,311
1899.
24,917,059
6,448,000
2,744,000
467,468
2,677,442
150,076
409,797
372,350
223,784
434,000
883,945
209,236
42,338,778 40,478,247 40,150,963 39,937,157
—
Capital stock
12,000,000 12,000,000 12,000,000 12,000,000
21,210,703 21,210.703 21,210,704
Seour't's leaseh'd estates 4,948,000 4.94KOO0 4,948,000 4,948,000
Bills payable
360,000
695,000
Real estate mortgage
448,738
281,238
281.233
291,238
Notes payable
400,000
Interest and rentals
259,219
250.291
830,494
299,022
Pay-rolls and vouohers.. 1,125,147
385,383
532.293
880,403
Extraor'y expend, fund.
583,240
195,809
117,220
Miscellaneous and taxes
511,822
331,015
703,732
258,243
Profit and loss
49,547
Bonds
(see Inv. Supp.).. 21,910,703
Total liabilities
42,338,778 40,478,247 40,150,963 39,937,157
—V. 75, p. 1087, 907.
Detroit Southern Railroad.
(Report for the
fiscal
year ending June
30, 1902.)
President Samuel Hunt says in substance
Equipment.— Owing to conditions beyond control, the results have
been far from satisfactory. Through lack of rain the water supply for
engines was so extremely bad as to be ruinous to boilers. Unfortunately the greater part of the equipment- already old— acquired in
the purchase of the property had been badly cared for previously,
and the busy season (at once upon us) found us In a state of unpreparedness that was well nigh appalling. Moreover besides requiring
amuoh greater amount of fuel, the leaking and crippled engines,
throughovertlme, inefficient service and repeated break-downs, largely
Increased our pay-rolls. The work of rebuilding aud repairing both
engines and oars has been pushed as rapidly as possible with the
means at hand, and with newequlpment purchased and contracted for,
it Is expeoted better results will be attained during the coming year.
Wages —During the receivership of the Detroit & Lima Northern
Ry.. the scale of wages paid the employes was only 65 p. o. of that
paid on the Ohio Southern and by other roads In the same territory.
Soon after the consolidation, it was found that the disparity could not
be continued, and the wages on the Northern Division were equalized,
:
thus adding largely to the increased cost or transportation.
Ntw Terminals —Not only have the switching oharges In Detroit
been prohibitory In effect, but the rentals required for traoks and
station facilities at that olty are exorbitant. With the view of bettering this condition, the company has recently acquired s mewhat over
50 acres of land ou Zug Island, with a frontage on the Detroit River
and on the Short Out Canal, a total water front of 3,300 feet. This
land lies adjacent to the works of the Bolvay Piocess Co. and the plant
under construction for the Detroit Iron & Steel Co. It permits the immediate development of muoh needed freight terminals and storage
tracks, In addition to coal and ore docks, and will undoubtedly prove
of great value to the property. The cost of the land was defrayed by
the sale of $116,000 of the company's 4 per oent bonds.'
8
..
.
.
THE CHRONICLE.
1146
Iron Railway.— Near the close of the year a contraot was entered
Into for the purchase of the Iron Railway, extending from Ironton to
Dean, In Ohio, with branches to various ooal mines, In all 18^ miles of
track, with valuable terminals in Ironton and fa oar transfer on the
Ohio River oonneetlng with the Chesapeake & Ohio Ry. The purchase
of this property, ana the construction of the mileage between Jackson
and Lawrence Station (necessary to connect the two properties, will
assuredly result In materially lnoreaslng our earnings. Work is progressing satisfactorily on the extension and its completion is looked
for at an early date.
Maintenance, Etc.— No charges of any kind were made to capital
account except for the Detroit River terminals ($118,707) and 5 new
consolidation freight locomotives and 50 stock cars of 60,000 pounds
oapaoity ($105,413). This new equipment was received during April,
1902, and to pay for it $100,000 Ohio Southern Division bonds were
issued 5 additional freight engines of the same type, and 500 eightythousand pounds capaoity ooal cars have been ordered, for October
and November delivery. During the year there were purchased 151,487 ties, two-thirds of which had been placed in the track prior to
June 30. Four and one third miles of new seventy-pound rail have
been purchased and laid In the main track on the Southern Division,
and about 4^ miles of new slde-traoks have been built.
;
Of the total tons carried, 54 p. c. was bituminous coal.
The equipment on June 30, 1902, included 60 locomotives, 35
cars in passenger service and 4,870 cars in freight service.
The earnings and balance sheet follows:
OPERATIONS.
381 Reo'ts per ton p. mile. 5-27 mills
Aver, mileage oper'd.
$2,570
318,280 Fr'ght earn. p. m. road
Rev. pass, carried
$1-31
9,660,200 Fr'ght earn. p. tr. mile
Pass, carr'd 1 mile....
1-70
Gross
mile.
ots.
earns,
per
$3,255
Av.reo'ts p. pass. p. m.
$537-89 Av. tons fr*ht p. tr. m.
249
Pass.earn. perm. road
47-81 cts. Mileage loaded fre'ht
Pass. earn per tr. mile.
22
cars—north
6,619,611
Av. No. pass. p. tr. m.
Tons freight carried.. 1,582,760 Mileage loaded freight
oars— south
1,793,985
Tons carried 1 mile.. .185,643,100
INCOME ACCOUNT FOR THE YEAR ENDING JUNE 30, 1902.
$979,076 Maintenance of way
$188,158
164,231
and structures
Freight earnings
Passenger earnings...
Mail earnings
Express earnings
Miscellaneous earns..
23,949
14,831
67,819
Maint. of equipment.
Conduot. transport'n.
Total gross earns. $1,239,906
Total oper. expen.
General expenses
Net earnings from operations
Deduct—
Taxes accrued
Interest on funded debt
2 1 2 ,6 1
561,036
33,298
$995,110
$244,796
$48,000
270,000
Total taxes and interest
from operation for the year
Proportion of operating expenses toearnlngs
$318,000
$73,204
80*24 p. o
Deficit
A
o
og/o
Total
30, 1902.
Liabilities —
Common
$10,013,000
6.000,000
2,866,000
do
doOhloS.Div. 4,211,000
Ohio S. Car tr notes..
268,951
Accounts payable
89,588
Pay-rolls
56,075
and
accr'd.
84,470
Int.
taxes
Traffic acoounts
9,530
Miscellaneous aocts .
511
Profit and loss
x9,245
stook
Preferred stook
First mort. 4s
$23,608,376
LXXV.
&
Birmingham RR. Co. and by
the Kansas City Memphis
the St. Louis & San Francisco RR. Co. The semi-annual interest (April 1 and October 1) is payable at the office or
agency of the company in New York City, Old Colony Trust
Co., Boston, trustee.
The President of the Kansas City Memphis
Birmingham
RR. Co. writes to the firm as follows:
The Birmingham Belt RR. Co. owns and operates a belt and terminal system in the olty of Birmingham, consisting of about 14 acres
&
of real estate in the heart of the city, opposite the union passenger
station, and 16 miles of traok, reaching at present 34 industries. The
proceeds of the $1,000,000 bonds represent the present cost and provide for $100,000 to be expended on the property nnder oertlfloation
of an engineer or auditor. The capital stock of the company has been
deposited with the Old Colony Trust Co. in trust, until suoh time as
the St. Louis
San Francisco RR. Co. shall have expended for additions and betterments to become subject to the first mortgage, at least
$500,000 in cash other than the proceeds of the first mortgage bonds.
In case of sale of the deposited stock or its exchange by merger or
otherwise, the proceeds, whether cash or new securities, are to be
held in its stead.
The St. Louis
San Francisco RR. Co., through the Kansas City,
Memphis & Birmingham
Co., has seoured control of the property
of the Birmingham Belt RR. Co., and eaoh of the roads first named
has endorsed on the bonds Its guaranty as follows:
&
&
RR
"For value received Kansas City Memphis & Birmingham RR. Co
guarantees to the holder of the within bond the due and punctual
payment of the principal thereof and the interest thereon.
"For value received St. Louis & San Franoisoo RR. Co. guarantees
to the holder of the within bond the due and punctual payment of the
principal thereof and the Interest thereon "
The Kansas City Memphis & Birmingham RR. Co. for the year
ending June 30, 1902, reports surplus applicable to this guaranty of
interest of about $528,OuO, and the St. Louis & San Francisooof about
$1,749,000 applicable to the payment of the annual guaranteed interest charge of $40,000. should they be called upon for this purpose.
An understanding has been arrived at with the Seaboard Air Line
Ry. Co. whereby said company is to have, under certain conditions,
trackage rights on part of the tracks of the Belt Company.— V. 74, p.
1194.
Boston & Worcester Electric Street Ry.— Stoc^.— The
Massachusetts Railroad Commission has authorized the issue
of $750,000 stock.
The line will extend from Boston
through Newton, Wellesley, Natick, Framingham, Southboro, Northboro,
Westboro, Shrewsbury, to Worcester,
45 miles. Coastruction is well advanced, but the building of
a portion of the line is delayed pending the decision of the
Railroad Commission as to whether three bridges must be
bnilt in the town of Southboro.
A financial statement shows:
Received on oapltal stock aooount $7S 0,000; notes payable $700,425;
total $1,450,425.
Contra: Construction $1,162,579; cash deposited
hand $177,845; a
as security and Indemnity bonds $110,000; cash on
total of $1,450,425.
BALANCE SHEET JUNE
Cost of road & equip..$23,361,027
Cash in treasnry
15,570
Due by agents
58,825
Station agents, cash
in transit
42,310
Traffic account?
39,428
Individuals and companies
21,989
Material and supplies
69,227
[Vol.
Total
$23,608,376
x Received from reorganization committee, $108,456; year's deficit,
$73,205; discount on bonds. $14,868; Napoleon yards, etc, $11,139;
balance, detioit, $9,245.— V. 74. p. 980, 906.
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
Atlantic Coast Line Co. of Connecticut.— New President.
An. issue of $750,000 of A.% P. o. bonds has been contemplated. See Marlboro Street Rv. and Framingham Union
Street Ry. in Street Railway Supplement.
Increase of Stock.— The shareholders on Nov. 14 voted to
increase the capital stock from $750,000 to $1,000,000, There
is said to be talk of organizing a holding company to take over
all the stock of the Boston
Worcester and its controlled
companies. V. 73, p. 1159.
&
—
Barliugton Cedar Rapids & Northern Ry.— No Longer
Quoted.— The capital stoca has been stricken from the list by
the New York Stock Exchange, the shares in the hands of
the public having been reduced to a very small amount. V.
—
75, p. 288, 28.
Central of Georgia Ry.— Extension to Pensacola.—See
Chattahoochee & Gulf RR. below.—V. 75, p. 848, 439.
Champaign & Southeastern RR.— State Ordered.— Judge
Humphrey, in the United States Circuit Court at St. Louis,
on Nov. 17, ordered the foreclosure sale of this road. See V.
73, p. 1010.
—
Chattahoochee&tttilf RR.— Authorized. The shareholders
on Nov. 12 authorized the building of an extension 24 miles
main as a director and Chairman of the board. Compare in length from Sellersville, Ala., to Floralia, Ala., and the
issuing thereon of new stock and bonds at the rate of about
Atlantic Coast Line RR. below.— V. 75, p. 732, 496.
$4,500 each per mile.— V. 75, p. 848.
Atlantic Coant Line RR.—Authority to Purchase Control
Chicago Indianapolis & Louisville Ivy.— Dividend.- A
of Louisville & Nashville. The shareholders on Nov. 17
voted to increase the common stock from $23,150,000 to $38,- semi-annual dividend of 2 per cent has been declared on the
preferred stook, payable Die. 5, This is the first dividend
150,000, and "to increase the bonded indebtedness by the
issue of $35,000,000 collateral trust purchase money 50-year 4 made under the control of Louisville & Nashville and Southper cent gold bonds in order to purchase $30,600,000 of the ern Ry. companies, the last payment having been in
April, 1902.— V. 75, p. 1031, 980.
$60,000,000 capital stock of the Louisville & Nashv. RR. Co."
Chicago & North Western Ry.— Purpose of New Stock
The following officers are announced
Officers.
Issue. Referring to the proposition mentioned last week to
Chairman of the Board of Directors. Henry Walters.
President. R. G. Erwln, to suooeed W. G. Elliott .who is made Presi- increase the authorized amount of common stock from $41,dent of the Atlantio Coast Line Co., of Connecticut
44S,366 to $77,601,045 and to permit the shareholders to subFirst Vice President, Alexander Hamilton or Petersburg, ex-Second
scribe to $9,577,098 of the new issue, President Marvin
Vice-President.
Hughitt says in substance:
Second Vice President, C. S. Gadsden, ex-Third Vice President.
Third Vice-President, T. M Emerson. ex-Traffic Manager.
The proceeds of the new stock will not be used for the purpose of
—Henry Walters
haviDg resigned as President, Warren Q.
Mr. Walters will re-
Elliott has been elected his successor.
—
—
:
—
Fourth Vice-President and General Mauager, J. R. Kenly.
Secretary. Herbert I. Borden.
Treasurer, James F. Post, ex-Seoretary-Treasurer.— V. 75, p. 905.
Augusta Railway & Electric Co.— New
Officers.
—On
Nov.
12 the following directors (and officers) were eleated:
James U Jackson, President; R. Lancaster Williams, Vioe-Presldent;
D. B. Dyer, Boykin Wright, George Conklin, John Blair MacAfee,
George Herbert Jaokson.|
A. H. Rutherford
tary.— V. 75, p. 792.
is
Bellaire Zauesville
Treasurer and A.
&
Western Ry. below.—V.
Cincinnati Ry.
J.
aggrandlzemeut. There is no concealed purpose in the measure. We
are expending a great deal of money for track elevation, new equipment and extensions and betterments, whloh will take all of the $10,000,000. The remainder of the new sto'k will be available for future
requirements. The oompany in the past has frequently carried in the
treasury considerable blocks of its oapltal stook for years before issuing it. What may beoome neoesary in the future no man can tell.—
V, 75, p. 1085,1031.
Chicago Rock Island & Pacific RR.— Official Statement.—
McKnight Secre- See Rock Island Company below.— V. 75, p. 1086, 1031.
Choctaw Oklahoma &Wulf RR.— Dividend— Tha dividends
—See
Ohio River
&
75, p. 792.
Birmingham (Ala.) Belt RR.— Bonds Offered.— H. W.
Poor & Co. of Boston are offering at 96 aud interest tde entire issue of $1,000,000 first mortgage 4 p. c. gold bonds,
dated Oct. 1, 1902, and due Oct. 1, 1922, but subject to call
for payment at 102*4 and interest on any interest day on 60
days' notice. Both principal and interest are guaranteed by
usaally distributed Oct. 81 remain unpaid. Nearly the entire
capital stock is owned by the Chicago Rock Island
Pacific
&
Ry.-V.
75, p. 239.
Louisville RR.— Proposed Line.— This oomin Indiana on Nov. 17 with $500,000
authorized capital stock, to bnild, in the interest of the CinMuncie RR.. a road from Miamiville,
cinnati Richmond
Muncie
Ohio, to Louisville, Ky. The Cincinnati Richmond
Cincinnati
&
pany was incorporated
&
&
—
—
NOVEMBER
—
—
.
:
THE CHRONICLE.
32, 1902.]
RR., in connection with the allied Cin. & Ind. Western, is
expected to be in operation from Chicago to Cincinnati, a
distance of about 260 miles, within six or eight months. It
is now proposed to bnild a line from Cincinnati to Louisville.
Cincinnati Richmond & Muncle RR.— See Cincinnati
& Louisville RR. above.—V. 75, p. 393.
Colnmbng & Lake Michigan RR.— Mortgage.— The prop
erty of the former Columbus Lima & Milwaukee was on
Nov. 13 acquired by deed from William B. Whiting, the
purchaser at the foreclosure sale last spring (V. 74. p. 679).
A mortgage has been made to the North American Trust Co.
of New York as trustee to secure $800,000 of $1,000 5 per
cent gold bonds, dated Sept., 1902, and due Sept. 1, 1922,
without option of earlier redemption; interest payable March
The proceeds of the new bonds
1 and Sept. 1 in New York.
will be need to purchase new equipment, to extend the road
north and south, etc. Treasurer, E. Hope Norton, 33 Wall
See also V. 75, p. 289.
St.
Columbus Lima & Milwaukee KR.— Successor.—See Columbus & Lake Michigan RR. above.— V. 74, p. 1307.
An effort will
—V. 74, p. 1355.
1147
be
made
to complete the line
by Jan.
1,
1903.
Kansas City Memphis & Birmingham RR.— Guaranteed
Bonds.— See Birmingham Belt RR. above.— V. 74, p. 829.
Lehigh Valley RR. President Resigns. President Alfred
Walter on Wednesday resigned his office, The fact that the
policy of the company has come to be dominated jointly by
—
&W
, the Central New Jersey, the Readthe Erie, the D. L,
ing and the New York Central (through the Lake Shore), is
generally believed to be the reason for Mr. Walter's withdrawal. E. B. Thomas, Chairman of the Exeoutive Committee, will act as President until that office is filled. Mr.Thomas
is President of the Erie RR.
Coal Trust Certificates.—The "Philadelphia Press" says :
For the next five years the Glrard Trust Co. will handle all the coal
business of the Lehigh Valley Co. Arrangements have been made to
issue $3,000,000 of 5 p. o. coal trust certificates. These certificates
are to be taken by the trust company, and it is to retain 75 p. o of the
selling price of the ooal as collateral. The transaction is somewhat
Iron
Reading Coal
similar to the aotlon taken by the Philadelphia
Co. wheu it made the Finance Company of Pennsylvania its ooal agent.
The bonds have five years to ran, but the time can be extended for an
indefinite period at the option of the railroad company. The Glrard
Trust Co. is to receive all moneys from the sale of ooal and it is to
hold 75 per cent of the selling price.
While all the papers in this matter have not been drawn up, the
board of directors has approved the sale of the certificates.— V. 75, p.
&
&
Cuba RR.— Road Completed.—This company's road, extending from Santa Clara to Santiago de Cuba on the island
of Cuba, a distance of about 367 miles, it is stated, will be
opened for traffic Nov. 28. At Santa Clara connection is
made with the line to Havana. Trains will make the trip 910, 907.
Louisville (Ky.) Railway.—Extra Dividend.—Nothing has
from Havana to Santiago, a distance of about 550 miles, in
yet been determined regarding the proposed extra divias
about 22 hours. The road was built by the Cuba Co., and
the stock of that company, consisting of 160 shares of $50,- dend, but it is thought probable that there will be a distribucasn on * ne common stock, "accompanied
000 each, has been acquired by the Cuba RR. Co., which tion of 1)4 P- c
gives its securities in exchange. The capitalization of the by sale of common to holders of same at par, equal to $50 in
Cuba RR. Co. is $10,000,000 each of common and preferred stock and $50 in cash, market price 157." See V. 75, p. 611.
stock also first mortgage 50-year 5 per cent gold bonds isManhattan (Elevated) Ry., New York.— Merger. Negosued at the rate of $20,000 per mile. Of the bonds $4,000,000 tiations for a transfer of this company's property to the Inhave been issued; Morton Trust Co., mortgage trustee.— V. terborough Rapid Transit interests are understood to be in
progress, though the manner and basis on which the trans75, p. 665.
Delaware & Hudson— Albany & Susquehanna— New York action will take place have not been announced— indeed, pend& Canada— Rensselaer & Saratoga.— Earning! of the D. & ing an expert examination of the Manhattan, it is doubtful
H. leased lines in New York State for the nine months end- if they have been definitely fixed. There are rumors of a
lease with dividends guaranteed at the rate of 6 per cent, or
ing Sept. 30 were
7 per cent per annum (afterjtwo years); also of a holding comReus.
Alb. A Susq.
N. T.
Can. —
Sar.
1901.
1902.
9 months.
1902.
1902.
1901.
1901.
pany to control all tne passenger transportation interests of
Gross
$2,953,645 13,758,107 $911,966 $865.82212,215,389 $2,051,774
612.i!82
Manhattan and the Bronx, if not of Greater New York.
1.801,-<56
362,552
693,732
Net
l,9f7,365
388,617
939,191
Charges
920,073
277,020
280,426
927,118
945,875
It is rnmored that in connection with the deal the shareBalance
281,183 1,041,490
111,597
82,126 df.245,459 df.284.830
—V. 75. D. 342.
holders will receive the right to subscribe to new stock, preDenver Northwestern & Pacific Ry. Bonds All Sold.— sumably at par. A director admitted recently that the
The $20,000,000 bonds, it is announced, have all been sold. share capital was likely to be increased from $48,000,000 to
$50,000,000 to cover the cost of electrical equipment not alSee V. 75, p. 906.
Dunkirk & Fredonia (Electric) UT&.—New Bonds.— A new ready provided for, but the street-talk suggests something of
fundingand refunding mortgage has been made to the Fidelity more moment, one story suggesting an advance to $60,00,000.
V. 75, p. 1087, 1084.
Trust Co. of Buffalo, as trustee, to secure $100,000 of 50- year
5 per cent gold bonds, dated July 1, 1902, and due July 1, 1952,
Mexican Central Ry.— In Possession.— Possession of the
but subject to call for payment on any interest day at 103. Mexico Cuernavaca & Paoific Ry., it is Btated was taken on
M. M. Fenner, Secretary, Treasnrer and Manager, says:
Nov. 12.— V. 75, p. 981, 498.
The issue oovers tbe previous issues, aggregating $61,000, due July 1,
National RR. of Mexieo. Standard-Gauging.— The work
19ll,!and gives us $39,000, which we have sold at par, to;discharge the
floating obligations incurred by reconstructing and enlarging the plant of making the tracks and equipment standard gauge is proafter the fire of Jan. 25, 1900, and also installing a gas manufacturing ceeding rapidly, as is shown by the following statement of
plant for the Fredonia Natural Gas Light Co. (a company whose the mileage now operated as standard, viz.
$40,000 stock the Railroad Company owns) for making Its supply of
Miles.
gas which had previously been purchased and piped to the village of Texas
Mexican Ry., Laredo to Corpus Christ!
lGl^s
.—
Fredonia from the city of Dunkirk. The trustee holds in escrow $61,000 of this new issue for the payment of the prior bonds. There is National RR. of Mexico, main line'
m
—
;
:
,
.
,
<fc
,
<fc
,
—
—
now no floating debt.
Eastern Trnnk Lines.— Wages.— Following the example
of the Pennsylvania RR, Co., noted last week, a number of
the leading Eastern railroad companies either have given
notice of an advance in wages or have intimated their intention to grant concessions. On the New York Central an increase of 10 p. c. is being gradually put in force; on the
Reading and the Central New Jersey the men, it is stated,
will be given as good wages as are enjoyed by the employes
of neighboring lines.
Wages.— Considerable prominence is being given in the
daily papers to an alleged determination on the part of the
Eastern trunk lines to recoup themselves for the advances in
wages by increasing the rates charged for carrying certain
classes of freight.
What change, if any, is contemplated in
this direction, other than usually follows the close of inland
navigation, does not, however, definitely appear. V. 75, p 441.
Havana Electric Ry.— Suburban Lines.—The Insular Railway Co., whose $2,500,000 of stock is controlled by the
Havana Electric Co., has acquired franchises for about 100
miles of new lines in the vicinity of Havana. These franchises have no connection with the Havana
Jaimanitas
RR. See V. 75, p. 981.
—
&
Jackson (Mich.) & Battle Creek Traction Co.— Mortgage.
—This company has filed a mortgage to the Savings & Trust
Co. of Cleveland, O., as trustee, to secure $1,200,000 of 5 p. c.
$1,000 gold bonds, dated Nov. 3, 1902, and due Jan. 1, 1923,
but subject to call at 103 in any amount on any interest day.
The immediate issue will be $1,000,000; there are no prior
liens.
The mortgage covers the line, which will soon be in
operation, from Jackson, Mich., through Albion and Marshall
to Battle Creek, third-rail system, all private right of way
except through towns and cities. The stock, authorized and
outstanding, was recently increased from $900,000 to $1,500,000, all of one class and in $100 shares.
mortgage of
$750,000, given some months ago to the Morton Trust Co. as
trustee, has been discharged. The officers are:
President, C. M. Spitzer. Toledo; Vice-Presidont, A. L. Spltzer,
Toledo; Secretary, W. A. Foote; Treasurer. N. 8. Potter, Jackson.
Directors. W. A. Boland, Grass Lake; William Robinson, Toledo; Myron
T. Herrlok, Cleveland.
A
Laredo, Texas, to Monterey
Monterey to
Saltillo
Total
168
67
.396ifl
The new standard-gauge engines are now in service between Laredo and Monterey, hauling southward over 1,200
gross tons per train as against 300 tons by the narrow-gauge
engines. The advantage thus attained is stated officially as
follows: " One standard-gauge engine hauls, therefore, over
four times as many tons as a narrow-gauge engine, and in
doing so consumes only twice as much coal, the result being
that the same amount of freight can be hauled under standardgauge conditions with one- fourth the number of engines,
one- fourth the iabor and only half the quantity of coal."—
V. 75, p. 1032, 981.
New York & Brooklyn (Tnnnel) RR.—Preliminary Workin
Progress— This company has begun preliminary borings on
the property at the corner of Water and Beekman Streets
which was recently purchased for use in connection with the
proposed tunnel from Park Place, Manhattan, to Brooklyn.
This property is about 68 x 57 feet. The New York "Evening
Post " says
" Behind the Manhattan Transit Co. In this Important operation Is
sain to be the same syndicate of Englishmen who backed the construction of the London tuppenny tube.' According to the director,
passengers will be shot under the East River with the same method of
propulsion used by the soenlc railways at Coney Island. The two traoks
will be built with Inclines and reotprooal dips, the oars gathering
impetus by momemtum and self-checking excess of speed. Six million,
dollars have been raised by the English backers of the scheme, and
this sum is said to be deposited in New York at the present time. The
syndicate is to build the tube for the Manattan Transit Co., and the
company is to operate it and receive 50 p.o. of the earnings.
Fred B. Esler, formerly interested in the franchise, has disposed of
his interests in it. Ttie Manhattan Transit Co. Is the sole owner of the
franchise now. Gustavus Myers's "History of Publio Franchises In
New York City" says: the New York & Brooklyn Ry. Co. seoured a
franchise fr^m the Board of Aldermen in 1896 to construct and operate a tunnel from Ann St. and Park Row, under private property to be
acquired bv the company, and under Nassau, William and other
streets, to Pier No. 23, and thence to the City Hall, Brooklyn. The
company was reqnired to pay 2>* per cent of its gross reoeipts to the
olty in addition to the regularly assessed taxes. Mavor Strong approved the resolution. (Records of the Board, 1896 LXIV., p. 162.)
(Compare V. 75, p. 290; V. 72, p. 1035; V. 68, p. 673; V. 64,
p. 424, 83; V. 63, p. 794; V. 60, p. 1010.)
:
'
—
.
THE 0HKON1CLK.
1148
[Vol.
LXXV.
New York Central & Hudson River BR.— Refunding of the Rock Island Company and the bonds of the Chicago
Bonds.— J. P. Morgan & Co. have sold to Harvey Fisk & Rock Island & Pacific Railroad Co. These statements emSons the balance of the refunding 8>£ per cent bonds due
1997, required to be issued to take up on Jan. 1 the unexchanged 7 per cent bonds and sterling 6s which will then
mature. Harvey Fisk & Sons are offering the refunding
bonds at 1"4}£ and accrued interest, payable and deliverable
Jan. 2, 1903.— See V. 75, p. 1032, 981.
Norfolk & Western Ry.— Dividend Increased.—The company on Monday declared a dividend of \% P« c< on * ne common stock, payable Dec. 19, thus advancing the rate from a
2 to a 3-per-cent basis. Semi-annual dividends of 1 per cent
were begun on the common stock ($64,469,200) in June, 1901.
At 3 p. c per annum the annual dividend charge on account of the common shares, which are largely owned
in the Pennsylvania system, is increased from $1,289,384 to
For the quarter ended Sept. 30. 1902, the surplus
$1,934,076.
earnings available for dividends were $1,458,844, contrasting
with $1,211,938 in 1901.—V.75, p. 849 550.
Norristown & Main Line Connecting RR.— Mortgage.—
The fit sfc mortgage to the Gtrard Trust Co., as trustee, secures $250,000 of 4 p. c. $1,000 gold bonds, dated Sept. 1, 1902,
and due Sept. 1, 1952, interest payable March 1 and Sept. 1.
Both principal and interest are unconditionally guaranteed
by endorsement by the Reading Company, which owns all
the $50,000 capital stock. The road is 3,405 feet in length,
extending from Norristown to a connection with the main
line of the Reading at a point above Bridgeport, including
bridge over the Schuylkill River. V. 75, p. 185.
Northern Securities Co.— Hearing —The hearing in the
case of the State of Minnesota against the Northern Securities Co. has been in progress this week in Room 70 in the
Federal Building before Frederick G. Ingersoll of St. Paul,
Special Examiner. On Tuesday Edward T. Nichols, Secre
tary and Treasurer of the company, testified as to the manner in which payment was made for the stock of the Northern Pacific Ry. He also furnished a statement of the re
ceipts and disbursements of the Securities Company up to
Feb. 28, 1902. See "New York Sun" of Nov. 19.-V. 75, p.
—
981, 849.
brace particulars respecting the rights of the shareholdboth common and preferred; excerpts from the
articles of incorporation
and by-laws, and a tabulated
statement of mileage in operation and under construction.
Tney also supply a description of the $75,000 000 four
p. c. bonds of the new railroad company, a list of the stocks
owned in other corporations, a resume of the funded debt of the
system, the combined balance sheet of Aug. 31, 1902. and the
income account in detail for the two months ended that date;
also the directors, officers, committees, etc.— V. 75, p. 1087.
St. Lonls & Gnlf Ry.— Sold.— See St. Louis
San Francisco RR. below.— V. 75, p. 499.
St. Lonls Memphis & Southeastern RR.— New President.
—The control of this company having been transferred to
the St. Louis
San Francisco RR. (see below), B. P.
Yoakum (President of the Frisco system) has been elected
President, succeeding Newman Erb, atd B. L. Wiochell,
Vice President and General Manager of the Frisco, has been
elected to similar positions with the Sontheastern. V. 75, p.
ers,
&
&
—
1088, 291.
St. Lonls & San Francisco RR.— Recent Acquisition.— The
company, it is announced, paid $47 50 per shate ($100) for the
$5,000,000 stook of the St. Louis Memphis & Southeastern RR.,
the purchase of which was announced last week (page 1087)
The following statement is made:
The St. Louis Memphis & Sontheastern is approaohlng completion,
to be finished by the 'Frisco Company; 300 miles are In operaand the remaining 150 miles will, it is expeoted, be completed by
April 1 next. The road furnishes a oon ection between Memphis and
(Jhtoago and also between St. Louis and Memphis, giving the 'Frisco
the shortest line between Birmingham and the Southeast to St Louis.
The St. L. M & s. E. is a water-level line and its standard engines
and
is
tion
are carrying 3,000 live tons per train load.
lurther Acquisition.—The control of the St. Louis & Gulf
Ry. has been sold to the St. Louis & San Francisco RR., giving that company an additional 220 miles of road built and
building west of the Mississippi River and south of Cape
Girardeau, Mo.
Collateral Trust.— In connection with the purchase of the
St. Louis Mempbis & Southeastern RR the Frisco has made
a collateral trust agreement to the Eastern Trust Co. of New
Ohio River & Western Ry.— Reorganized.— This company filed articles of incorporation in Ohio on Nov. 15 as York
,
as trustee to secure $4,000,000 of collateral trust notes
having forty years to run and bearing 4 per cent interest. As
security there is deposited with the trustee the entire capital
stock ($12,500,000) of the St. L. M & S. E.
A
Equipment Notes.—The company has sold to Robt. Winthrop & Co. $1,000,000 series C equipment notes payable
semi annually from May 1, 1903, to May 1, 1912. The notes
carry four per cent, the interest being payable in May and
November; they are secured by 25 new locomotives and 1,200
box cars costing $1,300,450. The difference between the total
Oregon & California RR.— Called Sands.— First mortgage cost and the amount of the notes will be paid in cash.
bonds to a total of $150,000 have been drawn for cancellation
Guarantee i Bonds. See Birmingham Belt RR. above.
with proceeds of land sales, and will be paid at par and in- V. 75, p. 1088, 1032.
terest on Jan. 1, 1903, at the Union Trust Co. See advertiseSan Pedro Los Angeles & Salt Lake Ry.— Contract Pendment on another page of to-day's Chronicle.—"V. 74, p. 1090. ing—Bee
Oregon Short Line RR. above.— V. 75. v. 907, 794.
Oregon Shore Line RR.—New Line— Pending Negotiations.
Schenectady
(N. Y.) Railway.— Labor Troubles.— Much atThe " Railway Age" on Nov. 14 said
The Oregon Short Line completed Its broad-gauge traok to Term- tention has been directed toward Schenectady this week on
The
inus, Utah, on Nov. 8, and will operate it on Nov. 15. The line is 35 account of the actions of the labor unions in that city.
miles long, running west from Salt Lake City, and is part of the trouble began with the expulsion of one William Potter from
Leamington out off. Its completion means the abandonment at onoe the Painters' Union because he had served in the militia durof the present narrow-gauge line from Salt Lake to Terminus, 37 miles
ing the strike on the Hudson Valley Railway. Upon the
long, and the last of the operated narrow gauge in Utah. The new line
has been ballasted wlih Point Mountain gravel and is a very fine piece demand of the union he was discharged by his employers,
of traok. It will be part of the main line for the Los Angeles road of Suafer & Barry.
(See New York ••Times" of Monday.)
the future, and with the rest of the Leamington out-ofi and all track of
This
followed
was
by
an attempt to boycott the Schenectady
the Oregon Short Line lying south of 8andy, Utah, is inoiuded In the
trackage for which the San Pedro Los Angeles & Salt Lake is now Railway (controlled by the General Electric Co.) because the
negotiating. It is now expected that the deal will be dosed by Jan. 1, company employed nonunion carpenters and also because it
when the San Pedro will oome Into possession of all Oregon Short Line declined to compel its men to organize. The attempted boytrackage In Utah and Nevada except the line from Ogdon to Sandy.
cott was not successful. See editorial on another page.— V.
—V. 76, p. 1032, 794.
&
successor of the bankrupt Bellaire Zaneeville
Cincinnati
Ry. Co. The capital stock is $1,200,000, and a mortgage has
been made to the Farmers' Loan & Trust Co., as trustee, to
secure an issue of first mortgage 4s due Sept. 1, 1952.
plan
of reorganization is reported to have been adopted, but
Frank S Hambleton of Baltimore, Chairman of the Reorganization Committee, informs us that the status of the new
company will probably not be made public before January.
S. L. Mooney, of Woodefield, O., is President.— V. 75, p. 794.
—
—
—
:
& West
Chester Traction Co.— New Bonds.
The shareholders will vote Jan. 12, 1903, on making a new
Philadelphia
mortgage
to secure $600,000 of 4 p. c. $1,000 50-year coupon
bonds, interest payable Jan. 1 and July 1. Sufficient of the
new bonds will be reserved to retire the existing $400,000 first
mortgage 5 p. c. bonds of 1898. which are subject to oall at
105.— V.
69, p. 132.
Pine Bluff & Western Ry.— Mortgage— A mortgage has
been fi'ed to the Illinois Trust & Savings Bank, as trustee, to
secure $t, 200,000 of 6 p. c. $1,000 bonds, reported as pavable
Oct. 1, 1907. Work is being pushed on the line to Pine Bluff;
last week construction was begun on the extension from
Sheridan to Benton.— V. 75, p. 981, 498.
Railways Company General.— Transfer of Stock
—The
Interest.
Investment Company of Philadelphia has sold
New
headed by Evans R. Dick. Mr. Dick continues as President
and John J. Collier as Secretary and Treasurer.— V. 75,
p. 667.
Reading Company.— Guaranteed Bonds.— Bee Norristown
above.— V. 75, p. 819, 797.
& Main Line Connecting RR.
Rochester (N. Y.) Ry.— Listed in Philadelphia. —The Phil
adelphia Stock Exchange has listed the $1,500,000 second
5s of
Rock Island
1893.— V.
Underground Electric Railways, London.— Tunnel Bills
Approved by King. — Royal assent was given on Nov. 18 to all
the bills relating to the plans of Speyer & Co. and Charles T.
Yerkes for establishing a rapid transit system in London. The
bills authorized the building of about 100 miles of underground and surface tracks. Construction has been in progress for some time and is expected to be completed in about
two years.— V. 75, p. 907.
United Railways & Electric Co., Baltimore.— Sale of
Power Company Stock.— See United Electric Light & Power
Co. under "Industrials below.— V. 75, p. 795, 667.
Western Allegheny RR.— See Great Lakes Coal Co. under
"Industrials" below.
its in-
terest in the company, consisting of 42,200 shares out of
120,000, to a syndicate of
York and Philadelphia men,
mortgage
74, p. 96.
75, p. 895.
Co. — Official
Statement.— On pages 1155
to 1158 of to-day's Chronicle will be found the official
statements made to the New York Stock Exchange in connection wifih the listing of the common and preferred shares
INDUSTRIAL. GAS AND MISCELLANEOUS.
American Alkali Co.— Negotiations Still Pending.— The
agreement with the Consolidated Lake Superior Co., referred
to last week, is expected te be consummated shortly. If it
goes through, the receivers will issue a printed statement regarding the matter.— V. 75, p. 1088.
American Bicycle Co.— Legal Notice.— The report of the
receivers was filBd with the Clerk of the Circuit Court of the
United States for the District of New Jersey and is open to
the inpppc'ion of creditors and stockholders.
Reorganization.
director is quote las saying,:
It is proponed to convert the $9,500,000 debenture bonds into a
preferred stock and to levy an assessment, on the preferred and oonimon stook. Sluoe the appointment of receivers an annual saving of
—A
—
November
—
—
—
THE CHRONICLE.
22. 1902.]
1300,000 has been accomplished in the selling department alone.
OrlBlually there were 47 factories turning out btoyoles. The number
win be reduced to 6, and there will be one selling agei. oy tor each
section.
Negotiations are pending with the independent manufacturers in regard to advancing the prices of bicycles.— V. 75,
p. 1033, 850.
American Malting Co.— Suit Dismissed.— Justice MacLean
in the Supreme Court ia this city on Tuesday dismis.-ed the
suit brought by A. A. Hutchinson and V. K. McElheny Jr.
against President C. A. Stadler, and six other directors, to
compel them to restore to the treasury $1,855,350, alleged to
have been illegally paid as dividends, and $650,000, claimed to
have been lost by mismanagement. The suit was dismissed
on the ground that the plaintiffs had no case.— V. 75, p. 1188,
1149
production of steel, as only one of the new furnaces has been in
blaBt. The seoond of the new furnaces is now oompleted and will
be put in blast this w«ek. A third furnace (from present prosIt is conservative to expect that
pects) will be blown in February.
the present percentage of lnorease in earnings will be maintained
throughout the year, which would make the year's earnings in exoess
of $3,600,000. The requirement for bond and debenture interest,
taxes and preferred stock dividend is only aboat $1,300 000. So that
although a large portion of the steel works improvements will not be
oompleted and in operation till after the close of the current business
year, the earnings are already on a dividend baBis.— V. 75, p. 1034, 982.
Columbus (Was) Water Works Co.— Possibi'ity of Mun-
—
A city election is to be held on Dec. 4 to vote
upon the establishment of a municipal water plant. Representatives of the company's bondholders are reported as
promising an expenditure of $100,000 for the improvement of
the existing plant if the city will abandon its plan.
icipal Plant.
1085.
Consolidated Gas & Light Co., Tiffin, 0.— Lmse.— See
American Steel Foundries Co.— First Dividend.— The Union
Natural Gas Corporation below.— V. 73, p. 238.
company has declared its first dividend on preferred stock
Consolidated
Lake Superior Co.— Listed.— The Philadelholders
of
record
quarterly, X% par cent, payable Dae. 1, to
phia Stock Exchange has listed $805,300 additional preferred
Nov. 25— V. 75, p. 1033.
and $126,000 additional common stock, making totals listed
American Sugar Refining Co. Prices Restored. The $26,749.8 )0 and $73,553,700, respectively.
looal refiners on Tuesday advanced the price of their product
Negotiations.— See American Alkali Co. above.— V. 75, p.
to 4'55 cents and on Thursday to 465, thus making good the 983, 850.
—
recent cut. An advance of 25 points is also reported in
the Missouri River territory. The announcement was likewise made on Tuesday that 6,500 bags of beet sugar just re
ceived at this port from California would be held in storage
for higher prices. These moves are supposed to indicate the
practical conclusion, for the time beiDg at least, of the rate
war between the cane and beet sugar interests. V. 75, p.
—
Consumers' Brewing
Co., Philadelphia.— Reorganization.
modified plan of reorganization reported last week
in the official advertisement contained a slight inaccuracy.
The stook bonus which will be given with the first mortgage
bonds subscribed for by the present bondholders will be 50
TQe $400,000 new 1st
p. c. and not 25 p. c, as announced.
6s will be issuable as follows To be taken at par by existing
bondholders, $164,000 to be given for assessments on common stock, $114,000 do on pref., $114,000 balance in treasury, $8,000.— V. 75, p. 1089.
— The
:
1033.
;
Associated Oil Companies, Bakersfleld, Cal.— Mortgage
—This consolidated company, organized last spring, has made
a mortgage to the Union Trust Co. of San Francisco as
trustee to secure $5,000,000 of 20-year 5 p. c. $1,000 bonds,
interest payable semi annually. Tne amount to be issued in
the near future, it is said, will probably be about $2,500,000.
The company has for some time been planning to build a pipe
line, some 120 miles in length, to tidewater at Port Harford.
Surveys for this line were made several months ago. The
bond issue, it is understood, will provide for the cost of constructing the pipe line and of buying tank steamers. W.
S. Porter is General Manager.
The company's capital stock
is $40,000,000 in one dollar shares.
The properties controlled
are said to include a majority of the producing wells of the
Kern River field. The directors (and officers) are:
C. A. Canfleld. President; Wm. G. Kerokhoff, First Vice President;
W. A Jacobs. Seoond Vloe President; O. Sorlbner, Secretary; W. F.
Chandler, W. A. Jacobs. B. F. Brooks. J. A. Chanslor, Burton E.
Green, W. 8. Porter, Frank H. Back and John A. Bunting.
Main
office
Hayward
Building, San Franoisoo;
Nevada
National Bank depositary.
Australia Transit Co.—Bonds.— See Cleveland Steamship
Co. below. The bonds are dated Nov.
to call at 105 and interest.
Calnmet
1,
1902,
and are subject
Co.— Bonds.— See
Transportation
Cleveland
Steamship Co. below. Two of the vessels are steamships and
two are barges. One mortgage secures all the bonds they
are dated April 1, 1901.
;
Credits
Commutation
;
Co.—Final Dividend— Option.—
From
the proceeds of sale of the company's property a final
dividend of 8'6 p. c. in liquidation is being paid on the preferred stock at the office of John C. Coombs, 25 Equitable
Baildiog, Boston, making about 21 per cent paid in all.
Nearly all of the preferred stockholders have agreed to exchange their shares for the shares of a new organization,
which, it is said, will take over real estate valued at
about $75,000 and a block of the $1,500,000 stock of the
Combination Bridge Co. of Sioux City. See page 51 of In-
vestors' Supplement. Compare V. 75, p. 396.
Crow's Nest Coal Co.— New Bonds. —JEmttiua Jarvis
Co.
of Toronto in their weekly letter of Nov. 14 said: %
We are advised that the meeting called for some time later on in the
month will not take under consideration the reorganization of the
&
is deferred to a later date.
We are told that the principal object of the meeting is to authorize the issue of the bonds,
proceeds of whl«h are required for the extension of the operations of
the company.- V. 72, p. 186.
company— that
Etna Steamship Co.— See Cleveland Steamship Co. above.
Fisheries Co. Annual Dividend.— The directors have declared an annual dividend of 7 per cent on the preferred
shares, payable on Jan. 10, 1903, to holders of record Dec. 15,
—V.
74, p. 984.
Globe Steamship Co.— Bonds.— See Cleveland Steamship
Co. above. One mortgage secures all the bonds; they are
dated May 1, 1901, due in series and redeemable at any interCambria Steel Co.— Directors,—The shareholders will est date at a premium of 1 per cent for each year or fraction
vote Dec. 18 on classifying the directors, the terms of three thereof of the unexpired term of the bonds so redeemed.
to expire each year.— V. 75, r. 448, 396.
V. 71, p. 1272.
;
Chicago Pneumatic Tool Co.— Sales.— Manufactured product to the amount of $208,440 was sold duriDg October,
against sales of $200,756 in September, the next largest month.
Total sales for ten months ended Oct. 31, 1902, $1,683,237.—
V. 75, p. 796.
Cleveland Steamship Co.— Bonds Offered.—The Guardian
Trust Co. of Cleveland is offering at prices to yield k% per
cent income first mortgage 5 p. c. serial gold bonds of the
following companies, the amount of whose capital stock and
funded debt and the cost of whose fleet, etc., are as follows:
Stock
Funded
Vessels
Name of
,
Company.
Cleveland
S. S.
EtnaS.S.Cp
Globes. S. Co
pnid
Co
Calumet Transports
.y,til,000
Co..
U. S. Transporrat'nCo....
Austr alia Transit Co
x
debt.
No.
$390,000
170,000
780,000
297,000
5S.00O
100,u00
5
4
in.
yS"61,o00
(?)
(?)
(?)
(?)
4
Cost.
$1,2H4,
President.
<>0
Joan MitrbeU
960.000
JotanMitchell
l,2HO.00»
580.000
J. C. Gil-hrist
D. R.
Hanua
1
x*2500>
L.C.Smith
1
x250,000
J.
Corrlgan
"Value." y $1,600,000 authorized.
The Guardian Trust Co. is trustee under all the mortgages.
The Cleveland S. S. bonds are subject to call for payment on
any interest day (Apr. 1 and Oct. 1) at 105 and interest (see
also separate statement for each company).— V. 71, p. 86.
Colorado Fuel & Iron Co.— No Appeal- Justice Brewer of
the Supreme Court at Washington, D, C, on Wednesday denied the application of the Osgood interest for a writ of error
on which the Supreme Court might review the decision of
the District Court of Colorado appointing Seymour D
Thompson as Master in Chancery to supervise the stockholders' meeting to be held Dae. 10.
The appeal, it is held, was
not taken within the time required by law.
Earnings.— President Osgood, in the circular referred to
last week, makes the following statement:
The improvements, though by no means completed, are beginning to
produce results in earnings which justify all the estimates that have
been made. The net earnings of the four months of the current business year, Jane 30th, 1902. to Oct. 31st. 1902. were $747,341; an increase of $334,330, or about 85 p. c. as compard with the same perlol
;
last year.
This Increase has been
made with but
little
increase in
—
Great Lakes Coal Co. New Enterprise. This company
was reoently organized with $5,000,000 of authorized capital
stock (all common, no bonds) by Gnffy & Qaeen, the wellknown oil firm of Pittsburg, and purchased about 25,000
acres of coal lands near Bradj's Bend, Pa., 40 mil^s northeast of Pittsburg. Ten mines are being opened and five more
are to be developed later, increasing the daily output to some
12,000 tons. The Western Allegheny RR. Co., which is
owned by the coal company, has begun the building of a line
of railroad to open up the coal tra^t. This road will be of
high-rlass construction and low grades. It will extend from
Red Bank, Armstrong County, almost due west 18 miles, to
a connection with the Pittsburg B-ssemer
Lake Erie RR.,
which road will carry the coal to Conneaut Harbor on Lake
Erie, whence it will be shipped by boat to points on the Great
Lakes. The new road is also projected to New Castle, Pa.,
making in all a line 50.miles in length. The "PittsburgDespatch," in an accredited statement, says:
The tract contains three good veins of ooal— the ^reeport vein, four
feet thick and suitaMe for coking; the Upper Kittanning, six feet
thick, and the Lower Kittanning, four feet thick, both said to be splendid steam coals. All of these mines are to be worked by drifts, and
they are so located on the hills that coal will be mined from the three
and loaned upon the cars from one steel tipple. The coal was coked
for 40 years by the Brady's Bend Iron Co., and used in its blast fur-
&
naces.
The President
A. H. Eames.
is
Emmet
Queen, Secretary "and Treasurer,
—
—
—
Harbison- Walker Refractories Co.
The
Acquisition.
Portsmouth Kentucky Firebrick Co. of Portsmouth, O., it is
announced, is to be purchased with the new stock issue. See
V.
75, p. 1089, 851.
Holjoke Water Co.— Decision.— Judge Loring, in the Superior Court of Massachusetts on Nov. 18, with the consent
of counsel, entered a decree against the city of Holy oke for
$707,000 as compensation for the gas and electric-light plant
and $12,000 a year as perpetual rental for water power with
which to run the plant. See V. 75, p. 293.
—
—
THE CHKONICLE.
1150
Illinois Electric Vehicle Transportation Co.—Final Dis
The transfer agency in New York has been discontinued and further transfers can be made only on or
Savings
before Nov. 26 next at the office of the Illinois Trust
Bank in Chicago. On and after Dec. 1 next there will be
paid to the accredited stockholders "a full, complete, and
final distributive share of all the assets of this company,"
which distributive share will be at the rate of $1 50 for each
share; the amount paid in was $5. The trustees in dissolution
are : Samuel Insull, Edward P. Russel and James E. Hays.
tribution.
—
&
-See V.
72, p. 725, 482.
A
mortgage
Lafayette (Ind.) Telephone Co.—Mortgage.—
for $150,000 nas been made to the Lafayette Loan & Trust
Co. as trustee. The company was organized in 1895. Its
capital stock is $150,000; no bonds till present issue. Exchange subscribers stated as 1,700. President, Wm. Folck-
[Vol.
LXXV.
gage & Trust Co., the mortgage trustee. The earnings of
the company, which is now in active operation, are reported
as equal to about 20 p. c. on the stock. The company has a
considerable interest in the American-Asiatic Steamship Co.,
of which William Barclay Parsons is President, but this interest is not covered by the aforesaid bonds.
An
official circular says:
Owns and operates in
the Philippine Islands 19 steel steamers and
barges, of 400 tons capacity eaoh. fitted with steam hoisting gear,
searchlights and all modern devices for the rapid handling of oargo;
all seagoing vessels of light draught, especially adapted to handling
freight between islands. Also a machine shop for general repair
work, a sorew hoist for docking small vessels, special appllanoes for
handling maobloery of 10 to 20 tons, large centrifugal pumps and
appliance for wrecking purposes.
Direotors
H. F. Lyman (President), S. H. Ohisholm (First VicePresident), A.
Butler (Second Vice-President). Charles E. Sherman
(Treasurer). Ira Taylor, W. P. Champney, O. A. Nicola, George W. Kinney and G. W. Flaaoke Jr. The Secretary is W. P. Held.
:
H
The New York office is at 20 Broad Street, where shares
National Asphalt Co. Opposition. Attorney James M. are transferred.
Newlin, as counsel for H.V.Gallagher and others, has notified
Portland (Ore.) Gas Co.— Status.— Moffat & White of
a number of brokers, registered owners of stock of the this city were recently offering at 104 and interest a block of
Asphalt Co. of America at the time of the transfer to the this company's $750,000 first mortgage 5 p. c. gold bonds, due
National Company that having been holders of such part- Aug. 1, 1951; interest payable in February and August at
paid stock they are liable to an assessment of $40 on each $50 the Security 8avings & Trust Co., Portland, Ore., or the
share. His clients, he says, decline to come into the reorgan- Franklin Trust Co., Brooklyn, N. Y. The authorized capization and propose to bring suit for any deficiency between ital stock is $750,000; outstanding, $700,000; in $100 shares.
the par value of their bonds and the amount realized by the Semi-annual dividends at the rate of 5 p. c. per annum were
sale of the assets.— V. 75, p. 736.
begun in February last. President and Manager, C. F.
Northern Coal & Coke Co.— To Be Sold at Auction.— Adams.
Adrian H. Mnller & Son will sell at auction at 111 Broadway,
Republic Iron & Steel Co.— Status.— President A. W.
at 11:30 a. m., on Dae. 9, by order of pledgee, $2,000,000 first Thompson is quoted as saying:
mortgage 5 per cent sinking fund gold bonds and 6,666 shares
We are bookintc as many new orders as we oare to book, and the
of capital stock of this Colorado corporation.
oapaolty of the mills Is sold six months ahead. Prices are as good as
have previously been. The situation, both ourrent and future,
Norwalk, O., Gas & Electric Co.— See Cleveland Elyria & they
is highly satisfactory. As for dividends or the oommon stock, that is
Western Ry. in V. 75, p. 1088.— V. 72, p. 583.
a matter entirely In the hands of the direotors. But so far as I know
proposition to begin such disbursements has not been discussed.
Orange (Tex.) Oil & Refining Co.— Reorganized Company. the
-V. 75, p. 984, 613.
This company was recently incorporated under the laws of
St. Louis Plate Glass Co.— Increase of Stock.— This MisWest Virginia with $5,000,000 capital stock, in shares of $10
each. Three hundred thousand of the five hundred thousand souri corporation has increased its capital stock from $2,000
shares are issued to the stockholders of the Forward Redac- to $1,500,000 (par of shares at $100), more than 50 p. c. paid.
tion Co.— share for share on payment of $2 a share. The Assets, $2,000; no liabilities.
$2 pays the debts of the old company and the encumbrances
San Joaquin Electric Co.—Sold. At the recent foreclosnpon its property so that the new enterprise starts free from ure sale the property was bid in by the bondholders. V. 75,
debt and with its property all paid for. The balance of the p. 796.
stock, two hundred thousand shares, will be in the Treasury
Sharon Steel Co.— Consolidation.— See Union Steel Co.
to be sold for Treasury purposes and for working capital. below— V.
75, p. 294.
The company it is said already has offers for enough of this
Standard Oil Co.— Dividend. A dividend of 10 per cent
treasury stock to insure it all the money it needs for its operwith 8 per
ations. The old stock is exchanged for the new stock at the has been declared, payable Dec. 15, contrasting
in
and
making
cent
the
corresponding
quarter
last
year,
the
office of Walter S. Logan, 27 William St., this city.
Fred.
C. Hanford under date of Nov. 3, outlines various proposed total for 1902 only 45 per cent, compared with 48 per cent
each in 1900 and 1901, with 30 to 33 psr cent in 1896-99 and
improvements, and says:
12 per cent per annum.
V. 75, p. 294.
Oar four producing welle will more than pay for thle outlay, and previously
there Is no question but that all the oil can be Bold the minate that It
(John B.) Stetson Co.— New Stock.—The stockholders are
is on top of the ground. I am informed that many wells prodaoe 1,500
to have the right to subscribe at par to $500,000 new common
barrels a day, and there Is no reason whv ours should not do so. Our
two wells on the Hogg-Swayne tract will be ready to pump by the last stock to the amount of one share for every six shares held.
of this week. This Beaumont field Is the produoing end of our enter- An additional $500,000 of common stock, it is understood, will
prise; there are as great if not greater possibilities at Orange where
be held under an arrangement by which employes of the comthe refinery is being constructed. To complete the refinery to 1,000 pany?may participate in the income. There is now outstandbarrel capaoity will require $100,000, and for eaoh 1,000 barrels
additional will require $5O,0O0; $2 50 will be the minimum profit per ing $1,500,000 preferred and $1,500,000 common stock.— V.
emer.
—
—
—
—
—
—
—
barrel for refining.
Pacific Light
—The mortgage
75, p. 33.
& Power Co., Los Angeles, Cal.— Bonds, Etc.
recently made to the Union Trust Co. of
San Francisco, as trustee, is limited to $10,000,000 (f3,011,000 now outstanding) 5 p. c. $1,000 gold bonds, dated Sept. 2,
1902, and due Jan. 1, 1943, without option of earlier redemption.
The coupons are payable at office of trustee, beginning Jan. 1, 1903. Of tue bonds $500,000 are reserved to
cover an issue of same amount of San Gabriel Electric Co.
(absorbed). The authorized capital stock ($10,000,000) is all
common and all outstanding; par value of shares, $100.
have been favored with the following official statement:
Oar company was organized for the purpose of generating and distributing eleotrio ourrent for light and power. The company has purchased the plant of the San Gabriel Eleotrio Go., consisting of a water
power generating station at Azusa, with an installation of 1,600 h. p.;
a water power station in 8an Antonio Canyon, 40 miles distant from
Los Angeles, with an installation of 800 h. p.; transmission lines from
Azusa, 23 miles, and from San Antonio, 40 miles, to Los Angeles; and
distributing lines throughout Los Angeles and the surrounding territory. In addition to this,! the oompany^has a 3,000 h.-p. steam
plant installed at Its station in Los Angeler
The company is now building a plant on the Kern River, distant 105
miles from Los Angeles, where a plant of 10,000 h. p., with ample
reserve, is being constructed. There will be two separate and dis-
We
tinct transmission llnea for the entire distance. The power generated
will be used In Los Angeles to supply the Paolflo Electric By. and the
power and light business of the Paciflo Light & Power Co. In addition to this, the company is about to double its steam plant, which Is
to be held In reserve for aooldents, etc
The bonds
are not guaranteed, but a majority of the capCo., of which H.
E. Huntington is President. (See V. 75, p. 457)
The officers of the Light
Power Company are: President.JW. G.
Kerckhoff; Secretary, Otto Weiss; Treasurer, I. W. Hellman.
Office, 254 South Los Angeles St., L03 Angeles.
ital stock is
owned by the Los Angeles Ry.
&
Susquehanna Electric Power Co.—See United Electric
& Power Co. on page 1158.—V. 75, p. 33.
Bonds.—There
Townsend-Downey Shipbuilding Co.
were recently outstanding general first mortgage 5 p. o.
$1,000 bonds to the amount of $200,000 dated Jan. 30, 1900,
and due Jan. 1, 1920, but subject to call at 110 and interest;
sinking fund, $10,000 yearly from Jan. 1, 1906.— V. 74, p. 535.
Union Steel Co.— Consolidation Negotiations were consummated on Thursday whereby the plants of the Union
Steel Co. and the Sharon Steel Co. will be merged on Dae.
1 the operation involving between $40,000,000 and $50,000,000.
The new corporation will be known as the "Union Steel Co."
Light
—
—
,
headquarters will be in the Frick Building, Pittsbure.
officers chosen are: A. W. Mellon, President; W. H.
Donner and John Stevenson Jr., Vice Presidents, and former
State Senator William Finn, Chairman of the board of diThe full membership of directors will be completed
rectors.
It is
at a meeting to be held in Pittsburg next Monday.
said that the new company will have its every branch completed and in operation by July 1, 1903, including
Its
The
:
Several blast furnaoes, with a oapaolty' of 3,500 tons per day; 36
open-hearth furnaoes, 4.000 tons daily oapaolty; 2 blooming and
billet mills. 4,000 tons dally capaoity; 4 rod mills, 1,200 tons dally
oapaolty; 2 wire and nail mills, with a daily capaoity of 7,000 kege.l.OOO
tons of wire and 150 tons of barbed wire; 20 tin mills, 18,000 boxes
weekly oapaolty; 14 sheet mills, with 100 tons a day oapaolty; one
pipe and skelp mill, with 360 tons daily; one rail mill, 2,000 tons
daily oapaolty; also 124 product coke ovens, 2,500 tons daily, and 400
bee hive ovens, 1,000 ton* dally oapaolty.
Its own valuable properties in ttie Messaba ore region, and in the
Old Range ore region, and also boats for transportation of the ore on
the lakes. (It is estimated that theyhaveover 70,000,000 tonsof ore);
To
its own ooal mines and coke fields, aod its own limestone quarries.
oomplete the plans for engaging In the manufacture of steel on asoale
seoond only to the great United States Steel Corporation, the new oompany will build its own railroad, a distance of 200 miles, from the lakes
to the company's coke region.
& Construction Co.— Status.
whose $100 shares sold this week on the
curb at 90@96, was incorporated in New Jersey in June, 1901.
The consolidation, it is stated, is not hostile to the United
The capital stock is $1,000,000, all of one class. There are
States Steel Corporation; its output, it is claimed, will be
also outstanding $800,000 first mortgage 6 per oent bonds of
equal to about 9 per cent of the product of that company.
$1,000 each, dated Nov. 1, 1901, and due Nov. 1, 1911, without option of earlier redemption; interest payable May 1 and V. 73, p. 1268.
Nov. 1, and stock registrable at office of United States MortQT For other Investment News see Pace 1158.
Philippine Transportation
— This company,
J
November
CHRONICLE.
TflHR
38, 1902.
1151
Sports unA documents.
BALTIMORE & OHIO RAILROAD COMPANY.
SEVENTY-SIXTH ANNUAL REPORT— FOR THE YEAR ENDED JUNE
1902.
30,
Office of the Baltimore & Ohio Railroad Company.
Baltimore, Md., November 6, 1902.
To
Ohio Railroad Company :
The President and Directors submit the following statement of the affairs of the
)
)
the Stockholders of the Baltimore <&
June 30, 1902:
The results from operation were
Company
for the year
ended
:
Percentage of
Earntngs.
Miles.
Expenses
Net Earnings.
Expenses.
to
Earnings
The Baltimore
As shown
& Ohio EB. Incl., Baltimore & Ohio Southwestern...
in detail in the following tables
$51,178,060 79
11,037,092 42
$32,888,563 74
6,682,525 11
$18,289,497 05
4,354,567 31
64-26
1,10604
4,339-54
$62,215,153 21
$39,571,088 85
$22,644,064 36
63-60
3,233-50
:
THE BALTIMORE & OHIO RAILROAD.
Operating Results fob the Year Ended June 30, 1902, in Comparison with the Year Ended June 30, 1901.
Earnings
Inc. or Dec.
1901.
1902.
From—
$
$
.38,575,630 82 35,553,87187 7.3,021,758 95
7.869,265 74
9,923.867 27 9,051,60153
Expresstraffic
942,018 16
7.65,222 98
1,007,24114
7. 80,431 55
Transportation of mails. 1,271,504 85 1,191,073 30
Miscellaneous sources...
7.26,95100
399,816 71
372,865 71
$
Freight trafflo
Passenger traffic
51.178,060 79 47,114,430 57 7.4,063.630 22
Gross Earnings
Expenses For—
6,270,986 84
5,721,695 37
7.
549,291 47
6,717,865 77
6.104,309 50
7.
613,556 27
17,299,680 81 16,609,910 98
2,600,030 32 2,610,314 68
7.
structures
of
equip-
ment
Conducting
The General Income Account of the Company for thp year
shows the net income after paying interest on funded debt,
taxes and all other fixed charges to have been $9,020,945 20.
Against this there were charged dividends of four per cent
on the preferred and two per cent on the common stock,
together with $2,500,000 00 for extraordinary expenditures
in the way of additions and improvements made during the
year, and certain miscellaneous improvements which were
not properly chargeable to Expenses of Operation or Capital
Account, leaving a net surplus for the year of $2,601,021 20,
to be carried to the credit of Profit and Loss Account.
There is included in the Income Account, under the head of
" Other Income," $1,054,887 94, being the net income of the
following lines for the period named, viz.
Ohio River Railroad
12 months
West Virginia Short Line Railroad (deficit)
11 months
Pittsburg Junction Railroad
12 months
Pittsburg & Western Railroad
5 months
:
Pittsburg Cleveland & Toledo Railroad
12 months
Pittsburg Painesville & Fairport Railway
12 months
:
Maintenance of way and
Maintenance
6055
Transporta-
tion
General Expenses
689,769 83
D. 10,284 36
32,888,563 74 31,046,230 53 7.1,842,333 21
Total Expenses
Net Earnings from Oper18,289,497 05 16,068,200 04
ation
Per Cent of Expenses to
Earnings
64-26
7.
2,221.297 01
65-89
Line Included in Above
D. 1-63
GENERAL INCOME ACCOUNT OF THE BALTIMORE
& OHIO RAILROAD COMPANY
& Ohio Southwestern Railroad Company),
Year Ended June 30, 1902, in Comparison with the
Year Ended June 30, 1901.
(Including Baltimore
Earnings—
Miles of Line.
Baltimore & New York
Philadelphia Division
Main Line and Branches
530
13042
1901.
$
$
.38,575,630 82 35,553,871 87
9,923,867 27 9,054,60153
Freight
:
1902.
Passenger
Express
1,007,24114
1,271,50485
399,816 71
Mail.
Miscellaneous
Inc. or Dec.
$
7.
3,021,758 95
7.869,265 74
7.65,222 98
942,018 16
1,191.073 30
372,865 71
7.80,43155
7.26,95100
776 46
West Virginia & Pittsburg Division
Monongahela Division
176-48
3120
Pittsburg Division
Middle Division
;
Northwestern Division
404-93
Baltimore
918-42
39490
39539
& Ohio Southwestern
Gross Earnings
51,178,060 79 47,114,430 57 2.4,063,630 22
Expenses—
Maintenance of way and
6,270,986 84
Structures
7.549,29147
5,721,695 37
Maintenance of Equip-
ment
6,717,86577 6,104,309 50
Transportation
17,299,680 81 16,609,910 98
General Expenses
2,600.030 32 2,610,314 68
613,556 27
J.
Conducting
Total
3,23350
Operating Results for the Year Ended June 30, 1902, in Comparison WITH THE YEAB 1901, OF LINES CONTROLLED
by ob Affiliated in Interest with the
Baltimore & Ohio RR. System.
1902.
Earnings
From—
$
1901.
Inc. or Dee.
$
$
Freight traffic
8,724,21101
Passenger traffic
1,963,995 34
Expresstraffic
97,854 61
Transportation of mails..
122,712 31
Miscellaneous sources ..
128,319 15
7,275,653 23 7.1,448,557 78
1,818,979 01
7.145,016 33
91,482 63
7.6,37198
115,773 99
7.6,938 32
242,500 39 D. 114,181 24
11,037,092 42
9,544,389 25 7.1,492.703 17
.
Gross earnings
Expenses For—
Maintenance of way and
structure
Maintenance
of
Conducting
1,925,059 33
1,496,411 31
7.
28,648 02
7.
17,190 32
equip-
ment
1,068,629 57
1,051,439 25
3,758,777 04
330,059 17
3,173,685 51
357,405 33
7.
6,682.525 11
6,078,941 40
7.
603,583 71
4,354,567 31
3,465,447 k 85
7.
889,119 46
transporta-
tion
General expenses
Total expenses...
585,091 53
D. 27,346 16
Operating Expenses. 32,888,563 74 31,046,230 53
Per Cent of expenses to
earnings
6055
63-69
D.
314
Lines Included in Above:
Valley Railroad of Virginia
Ohio River Railroad
Ravenswood Spencer & Glenville Ry.
Ripley & Mill Creek Vallev RR
W. Va. Short Line (11 months— 1902)
Pittsburg & Western Lines
Pittsburg Junction RR
Cleveland Terminal & Valley RR
Cleveland Lorain & Wheeling Ry
Ohio & Little Kanawha RR
.,
Total
Miles of Line.
62-
223-58
32-50
1358-
362-06
6-92
81-42
192-30
74-26
1,10604
7.
1,842,333 21
I.
2,221,297 01
Net earnings from operation
Other Income—
18,289,497 05 16,068,200 04
Dividend and Interest on
Securities Owned
937,485
West. Un. Tel. Co. Annuity
60,000
House Rents and Miscellaneous Receipts
237,73 4
Net Income from Subsidiary Lines
1,054,887
31
00
589,168 04
60,000 00
70
207,625 38
94
2,290,107 95
7.348,317 27
7.
30,109 32
7.1,054,887 94
856,793 42
7.
1,433,314 53
Gross Income
20,579,605 00 16,924,993 46 7.3,654,61154
Deductions from Income—
Net Earnings Washington Branch (included in
System Earnings)
168,364 57
305,12404
7.136,759 47
Interest and Rentals
7. 754.052 57
8,902,664 88 8,148,512 31
Taxes..
32
37
970,504
7. 76,529 05
1,047,033
Miscellaneous Improve-
ments
265,194 04
Discount and Commission
on Securities Sold
1,038,743 47
207,695 05
11,558,659 80
9,736,008 44
Net earnings from operation
7.689,769 83
D. 10,284 36
240,932 19
7.
7.
7.
24,261 85
831,048 42
1,822,651 36
Net Income
9,020,945 20 7,188,985 02 7.1,831,960 18
this Net Income for the Year
$9,020,945 20
the following amounts have been deducted:
Appropriation for Additions and Improvements
$2,500,000 00
Dividend on Preferred
From
Stock,
2 p.
March
3,
payable
$1,200,000
Dividend on Preferred
Stock, 2 p. c, payable
Sept. 2, 1902
1,200,000
Dividend
on
Common
Stock, 2 p. c, payable
Sept. 2, 1902
1,519,924
o.,
1902
3,919,924 00
6,419,924 00
Leaving Surplus which haB been carried to Profit and
Loss
$2,601,021 20
THE CHRONICLE.
1152
Brought forward
Amount to
credit of Profit
$2 601,021 20
1,706,719 07
and Lobs June 30, 1901
On your
[Vol.
LXXV.
Connellsville Division a second track
is
being
from Rockwood to Ohio Pyle, Pa., a distance of 38
Total
$4,307,740,27 miles which will complete the double-tracking of your line
between Baltimore and Pittsburg. There was also effected
Deduct Dividend on Common Stock, 2
p. cpaid March 3, 1902
$1,519,924 00
a saving of 413 degrees central angle. Advantage was taken
Deduct Sundry Adjustments, net
balance
1,682,518 59 of this opportunity to construct a low-grade line from the
162,594 59
east end of Brook Tunnel to Confluence, Pa., about 5
Amount to Credit of Profit and Loss June 30, 1902 $2.f?25,'221 68 miles, securing a compensated grade of 39-6 feet eastbound,
as compared with present maximum grade of 62 feet.
The General Balance Sheet shows an increase of
Five large yards are under construction at Keyser, Fair$52,733.280 CO
"Capital Liabilities issued" of
mont, Connellsville, New Castle Junction and Holloway,
Of this amount there was allotted to
and extensive additions have been made to your yards and
the shareholders— Common Stock
$22,537,200 00
built
.
facilities at
Being 20 per cent of their holdings of
Preferred and common Stock as
authorized by the Board of Directors
November
other terminal points.
Improvements were made to the Mt. Clare Shops by additions to buildings and machinery and new machinery in-
14, 1901.
There was converted $S,459,000 10year Gold Convertible Debenture
4p c. Bonds into Common Stock ... 8,459,000 00
Pittsburg Lake Erie & West Virginia
System 4 p. c. Refunding Mortgage
Bonds
20,000,00000
For improvements, betterments and
extensions as prov ded in the respective mortgages securing said bonds:
Prior Lien 3*2 p. c. Bonds
1,000,000 00
First Mortgage 4 p. c. Bonds.
1,500,000 00
Southwestern Division 3'a p. c. Bonds
1,000,000 00
stalled in
your other shops.
Much work has been done
and the extension of arches,
in the strengthening of bridges
to provide for double tracks.
Several of the tunnels at various points on the system
were enlarged.
The Automatic telegraph system was installed at various
points, the installation having been completed over the entire Philadelphia Division, from Philadelphia to Baltimore.
New stations were erected during the year at Barthalow,
on First Division. Palmer Junction and Richmond, on the
West Virginia & Pittsburg Railroad, Moundsvilleand New
$54,496,200 00
Martinsville, on the Ohio River Division, Avilla, on the
Less decrease in 10 year Gold Con1,762.920 00 $52,733.280 00 Chicago Division, and Belpre and Ashland, on the Baltiveitible Debenture 4 p. c. Bonds.
more & Ohio Southwestern Railroad.
Capital Assets— "Cost of Road"— show an inAs will be seen by the detailed statement submitted here$42,015.474 59
crease of.
with, large additions have been made to the motive power
Of this amount there is covered by
and rolling stock, and your Board has authorized the furStocks and Bonds of Sundry Comther purchase of heavy locomotives and large capacity
panies included under the provicars, which will be delivered during the coming year, and
sions of the Pittsburg Lake Erie &
West Virginia System Refunding
are necessary to take care of the increasing business of your
Mortgage, which have been acquired
or retired and placed with the Truelees through the issue of bonds secured by that mortgage or of the additional Common Stock of the Company as above stated
$39,385,186 98
Constiuction expenditures for the
year, charged to Capital Account,
and some other adjustments
2,630,287 61 $42.015.474 59
During the year the sum of $5, s 34.329 09 was expended for
construction wo k, of which $3,334,329 09 charged to Capital
Account and $2,500,000 furnished from Surplus Income.
The extensive work undertaken on your Baltimore Division,
between Relay and Brunswick,
is
now approaching
system.
There were 832-62 miles of track ballasted ; 58,582 31 tons
of new steel rail laid, of 100 and 85 pounds to the yard ; and
1,636,353 new crossties used in renewals and construction.
In order to meet the increased demands of industrial
establishments on your lines and to provide facilities for the
movement of traffic, 154-67 miles of sidings were built and
several small branches have been budt for the purpose of
developing local traffic.
There were added during the year to your system
34-1 miles of main track.
71-98 miles of second track.
10-02 miles of third track.
•09 miles of fourth track.
:
completion, which includes revision of your line between
Ijamsville and Reels Mill, at Union Dam, Sykesville, MorCONSTRUCTION AND BETTERMENTS.
gan and Mt. Airy, and will eliminate 1,700 degrees of central The aggregate expenditures for Construction and Betangle, reduce the maximum curvature from 15 degrees and
$5,834,329 09
terments for the twelvemonths have been
For the twelve months ended June 30. 1901, they were. 9,2<2l,995 38
30 minutes to 8 degrees, and shorten the line by 1*6 miles
The present eastbound grade is 37 feet, with a helper grade
$3,387,666 29
A decrease of
of 87 feet, w'hioh will be reduced to 15*8 feet, with a helper
detail of the $5,834,329 09 expended is
The
grade of 45 feet, and the present westbound grade of 55 feet,
" Analysis of Construcwith a helper grade of 90 feet, will be reduced to a grade shown in statement of
the
general
distribution being as
Charges,"
tion
of 45 feet, with the helper grade eliminated.
follows
The work on your Chicago Division is also about com$350.709 00
pleted, which includes large expenditures for the reduction Lines East of Baltimore
2,473,195 31
Main Line and Branches
of grades between Attica and Tiffin, Hicksville and Auburn West Virginia & Pittsburg Division
39.272 68
Junction, Albion and Cromwell, and at Milford Junction, Monongahela Division
17,123 45
54
I'ivision
1,102.397
Gravelton and Teegarden. The present grades of 36 feet Pitteburg
88,620 79
Middle Division
31*9
15*8
westbound and
feet eastbound will be reduced to
1,201,342 44
Northwestern Division
feet westbound and 19-5 feet eastbound; in all cases proper Southwestern Division.
264,891 11
9»,989 72
Pittsburg & Western Lines
compensation being made for curvature.
River Lines
44,892 78
Work is in progress on the reduction of grades between Ohio
11.90509
Hittsburg Junction RR
Warwick, Ohio, and Chicago Junction. Ohio, reducing the Cleveland T.rminal & Valley RR
5.-36 11
121,047 66
present westbound grade fioni 36 feet to 15-8 feet ana the Cleveland Lorain A Wheeling Ry
19,10541
Canton East Liverpool RR
eastbound grade from 31 feet to 19-5 feet.
The work is also about being closed out of the construc$5,834,329 09Total
tion of the new line under the charter of the Patterson
Which amount was charged
Creek & Potomac Railroad of West Virginia, leaving your
Capital Account, Cost of Road
$2,871,758 78
present Cumberland Division at Patterson Creek, a station capital Account, Cost of other roads owned by B. & O...
143,689 26
7 l miles east of Cumberland, intersecting the Cumberland Capital Account, Real Estate
5,037 42
313,843 63
Division a^ain near Potomac Station, 103 miles west of Railroads in General Account....
Account, being the appropriation out of Surplus
Cumberland. The length of the cut-off line is 6*9 miles, the Income
2,500,000 00
Inoome of the year
old line 17*4 miles, resulting in the saving in distance of
$5,834,329 09
10*5 miles.
Total
The new line crosses the Knobley Mountains by
a tunnel 4,120 feet in length. In addition to shortening the
EQUIPMENT-ENQINES.AND CARS.
distance, the maximum eastbound grade, 26-4 feet, is reTnE Baltimore & Ohio Railroad Company.
dnced to 15*8 feet, with degrees of central angle lowered
Referring to Table "E" (p. 32 and 33) Seventy-fifth Annual
from 1,188 to 380 degrees and the maximum curvature reReport, it will be seen that the entire equipment in service
duced from 9 to 6 degrees. The line is double-tracked, and
June
30, 1901, comprised
will be used in the movement of coal and other business
1.120 Engines, 4 Electric Motors, 708 Passenger Cars,
from your West Virginia and Southwestern lines.
51.556 Freight and Service Cars, 10 Spare Tenders. $30,306,883 68
Under the charter of the Cherry Run and Potomac Valley
There have been charged to this account durRailroad of West Virginia, a new line is being constructed
fiscal year
between Cherry Run and Wilsons, a distance of 9-64 miles, ing the
purchase and construction at ComThrough
which, when completed, will furnish a line with maximum
pany works: 155 Freight and Servioe Cars. $66,660 75
grades of 158 feet, and which improves the curvature be- Through Betterments applied
16,882 41
83,543 16
tween these points, besides eliminating the helper grade at
:
:
<te
:
-
,
:
:
your
Paw Paw Tunnel summit.
Considerable expenditures have been made on the Cleveland
Lorain & Wheeling Railroad for cut-offs at Pigeon Run and
Medina, at both of which places, reductions in grades were
also effected, and for grade reductions between Canal Dover
and Uhrichsville. The completion of this work will give a
line with maximum grade of 158 feet northbound and 26-5
$30,390,426 84
Credits have been made for record value of:
33 Engines, 15 Passenger Cars, 1.082 Freight and Service Cars, "put out of service" through condemnation,
wreok, destroyed on Foreign Roads, by sale and tire
289,327 04
$30.101.099 80
southbound upon this division.
being the value June 30, 1902, of:
The extensive double-track work undertaken on your
1,087 Engines, 4 Eleotrlo Motors, 693 Pasenger Cars,
feet
Chicago Division has been finished.
and Servioe Cars, 10 Spare Tenders.
50,629 Freight
.
November
THE CHRONICLE.
22, 1902.]
of reduction for equipment (viz., $289,327 04)
less salvage has been charged to Operating Expenses for year.
The amount
Southwestern Equipment Co.— Equipment Supplied Through
That Company and Paid for to June 30, 1902.
engines—
$1,506,575 81
108 Engines
PASSENGER EQUIPMENT-
$.'14,290 50
JO Coaches
3 Cafe and Parlor Cars
2 Combination, Baggage and Mail..
IBEIGHT EQUIPMENT—
•2,500
34,050 00
10,561 60
258,902 10
$1,455,403 50
252,380 00
BoxCars
500 Flat Cars.
2,000 Steel Hoppers
4,000 Steel Gondolas
40 Side Dumps
ACQUISITIONS OF ADDITIONAL PROPERTIES.
During the fiscal year interests or additional interests have
been acquired in the following properties
West Virginia Short Line Railroad—
:
From New
1.
4,0<>0
00
19,925 27
tenance oars
55,840 17
$8,872,324 05
Total
:
&
Ht
Louis Rail-
21266
Virginia
11,000 00
Steam Wrecking Crane
27 Box; 20 Flats; 11 Ballast and
miscellaneous work and main-
Consisting of the
Ohio River Railroad From Benwood Junction, West Virginia, to west bank of
Guyandotte River, West Virginia, Including its trackage
rights over Pittsburg Cincinnati Chicago
$15,614 90
5,300 00
1
58
way Company, from Benwood Junction to Wheeling, West
7,051,005 97
1 Pile Driver.
1 Steam Ditcher
Mirtinsville,
Completed to
Ohio River Properties
1,824,93150
SERVICE EQUIPMENT—
2 Steam Shovels
Miles.
West Virginia, to Clarksburg, West
Adamston, West Virginia
Virginia.
By purchase of its entire Capital Stock and total issue
of its First Mortgage Bonds.
3.325.4R0 00
29,800 00
163,030 97
250 Gondolas
1153
The Baltimore & Ohio Southwestern Railroad Company.
Referring to Table "E" (p. 34), 75th Annual Report, it
will be seen that the entire equipment in service June 30th,
1901, comprised
227 Engines, 202 Passenger Cars, 12,060 Freight and
By purchase
of $5,884,400 of its Capital Stock out of
a total issue of $5,915,430 50.
2. Huntington & Big Sandy Railroad—
From west bank of Guyandotte River to Kenova, West Virginia, connecting with the Norfolk & Western and Chesapeake & Ohio Railroads
1092
This line was acquired through its lease to the Ohio
River Railroad Company, wh ch is the owner of all the
Big Sandy RR. Co.
Capital Stock of the Huntington
&
3.
Ravenswood Spencer & Glenville Railway—
From Ravenswood, West Virginia, on Ohio River
Railroad,
West Virginia
32*50
Through its lease to the Ohio River Railroad and
purchase of a majority of the Capital Stock of the
Ravenswood Spencer & Glenville Railway Company.
Service Cars...
$5,758,789 16
4. Ripley & Mill Creek Valley Railroad—
There have been charged to this account durFrom Millwood, W^st Virginia, on Ohio River Railroad, to
13-00
Ripley, West Virginia
ing the fiscal year:
Through purchase and construction at ComThrough lease to the Ohio River Railroad and purpany's works: 54 Freight and Servioe Cars.. $24. 275 00
chase of a majority of the Capital Stock of the Ripley
Through Betterments applied
3.348 00
27,623 00 & Mill Creek Valley Railroad Company.
to Spenoer,
:
1
$5,786,412 16
Credits have been made for the record value of:
28 Engines, 157 Freight and 8ervice Cars, 4 Passenger
Cars, "put out of service" through condemnation,
wreck, destroyed on Foreign Roads, by sale and by fire.
Ohio & Little Kanawha Railroad—
From Zanesville, Ohio, on Baltimore & Ohio
Marietta, Ohio, on B-iltimore
including its trackage rights
58,178 15
$5,728,234 01
being the value June 30th, 1902, of:
199 Engines, 11,957 Freight and Service Cars, 198 Passenger Cars.
The amount of reduction for equipment (viz., $58,178 15),
less salvage, has been charged to Operating Expenses for
the year,
&
Railroad, to
Ohio Southwestern Railroad,
74-26
;
of $585,000 of its Common and $P24,000
Preferred Stock, out of a total issue of $918,000 Common
and $1,167,500 Preferred.
By purchase
Fayette Codnty Railroad
From connection with
—
&
Pittsburg
Connellsville Railroad at
Gibson Junction, Penn., to Uniontown, Penn
11-80
Through purchase of its entire Capital Stock.
Washington Company—
RichmondMARINE EQUIPMENT.
A company formed for the ownership of the entire Capital
The amount at debit June 30, 1901, representing the
value of Marine Equipment as shown on General BalStock of the Washington Southern Railway and the majority
ance Sheet, page 20, of Seventy-fifth Annual Report,
of the stock of the Richmond Fredericksburg & Potomac
was
$718,988 72
Railroad Company, and the operation of said companies beThere has been debited this account during
tween Long Bridge. Washington, D. C, and Richmond, Va.
the year for construction of the following:
The Baltimore & Ohio Railroad Company owns one-sixth
Covered Lighter Paw Paw
$4,155 00
in the Capital Stock out of a total issue of $2,670,000,
interest
"
"
Lowndes
4,155 00
the remaining interests being held by the Pennsylvania
Alpine
4,155 00
"
"
Claremont
Railroad, Atlantic Coast Line, Southern Railway, Chesapeake
4,333 30
"
"
Cat'ctin
4,333 30
&
Ohio Railway and Seaboard Air Line companies, in like
"
Woodmont
"
4,333 35
"
"
"
"
"
"
"
"
Elsmere
Patapsco
Piedmont
Grafton
4,333
4,333
4,333
4,125
proportions.
35
35
35
00
Akron & Barberton Belt Railroad —
$42,590 00
There have also been additional payments on account of the following:
Oar]Floatl60-N(formerly 159— N)$18,281 48
Barge 54— B
Canal Boats
5,158 34
252 00 23,69182
Total additions
66,281 82
Total
$785,270 54
There has been credited this account
during the year -account sale of:
Tug Caroline (Ledger Value)
_ $3,000 00
Lighter Clifton (Ledger Value)
800 00
Total value Marine Equipment June 30, 1902
Being the value
3,800 00
$781,470 54
of:
11 8team Lighters and Tugs, 2 Pile Drivers, 89 Barges
and Floats, 45 Canal Boats, 1 Wharf Boat.
INSURANCE FUND.
By direction of the Board of Directors an Insurance Fund
was established December 1, 1901, the contributions and accretions to which are to be used in providing insurance
against fire, marine and other accidents causing damage or
destruction to the property in which the Company has an
interest, either by direst ownership or through its ownership of the securities of other Companies, and the sum of
$250,000 was appropriated and set apart as the capital or
nucleus of such fund. The operations of the Insurance
Fund for the seven months ended June 30, 1902, are exhibited in the Statement of Operations on page 32 of pamphlet.
RELIEF DEPARTMENT.
The report of the Relief Department for the twelve months
ended June 30, 1902, will be printed for distribution to the
members. The operations of the Department, covering the
Relief, Savings and Pension Features, are shown in the
statement found on pages 33-35 of pamphlet report. The
Pension Feature is entirely maintained by contributions
from the Company, not by contributions of employes.
A line extending around the town of Barberton, Ohio, and
connecting the Baltimore & Ohio Railroad and other lines
in that vicinity with important industries.
The Baltimore & Ohio Railroad purchased $25,000 of the
Capital Stock out of a total issue of $100,000, the remaining
three-fourths being held in like proportion by the Erie Railroad, Northern Ohio Railway and Cleveland Akron
&
Columbus Railway companies.
Pittsburg & Westebn Railroad
Acquired through reorganization of the Pittsburg &
Western Railway Company. The Baltimore & Ohio Railroad
Company is the owner of ail the Capital Stock and First
Mortgage Bonds of the Pittsburg & Western Railroad
Company. The Baltimore & Ohio Railroad Company has
also acquired $8,366,' 00 of the underlying mortgage bonds
of the Pittsburg & Western Railway Company out of the
total issue of $10,000,000 which the Pittsburg & Western
Railroad Company assumed.
Pittsburg Cleveland & Toledo Railroad
Acquired during the year 29,900 shares, par $50, all outstanding shares. This purchase makes the Baltimore & Ohio
Railroad the owner of the entire Capital Stoct of the Pittsburg Cleveland & Toledo Railroad Company.
Pittsburg Painesville & Faiport Railway
The Baltimore & Ohio Railroad Company has acquired the
entire Capital Stock of this Company, Preferred and Common, except 299 shares of Preferred Stock, and has also acquired all of its First Mortgage and Terminal Bonds.
Pittsburg Junction Railroad Acquired during the year 15,965 shares, par $50, which,
together with previous holdings, makes the Baltimore & Ohio
Railroad Company the owner of all the capital stock of the
Pittsburg Junction Railroad Company, with the exception
of 998 shares out of a total issue of 29,200 shares.
—
—
—
Cleveland Lorain
& Wheeling Railway —
Additional purchases of both Preferred and Common
Stock have been made during the year, making the Baltimore & Ohio Railroad Company's holdings nearly seventyfour per cent of the total stock issue.
,
THE CHRONICLE.
1154
[Vol.
GENERAL BALANCE SHEET YEAR ENDED JUNE
LXXV.
30, 1902.
ASSETS.
Comparison with June30, 1901.
Decrease.
Increase.
CAPITAL ASSETS.
Costof Road, Including Bonds and Stocks pledged with Trustees as security for
Funded Debt issued
-
Real EstateMiscellaneous
Property at Washington, D. C
$278,295,030 29
$42,015,474 59
$11,446,785 35
2,242,059 86
451,442 84
1,007,540 80
13,688,845 21
665,022 45
Gas and Electric Plants
9,639 37
Equipment$30,101,099 80
781,470 54
Rolling Stock
Marine Equipment
Cost of other Roads owned by the Baltimore & Ohio Railroad Co
New Bonds and Stocks held to retire Old Bonds and Stocks, as per plan of
$205,783 88
62,481 82
30,882,570 34
11,659,854 76
1,105,618 24
288,412 40
19,932 50
reorganization.
$335,479,735 45
Total.
MISCELLANEOUS ASSETS.
Interest paid in advance and insurance unexpired
Cash in hands of Fiscal Agents to pay outstanding Coupons.
Balance due from other Roads in general account
$11,267
22,659
2,361,101
250,000
Insurance fund
6,450 00
386,908 89
250,000 00
2,645,028 30
Total.
CURRENT
Cash AssetsCash on Hand and
in
ASSETS.
Banks
$15,190,650
4,045,441
2,278,054
4,369,078
Agents' Balances....
Traffic Balances
Bills and Accounts Receivable
71
10,574,137
466,402
241,427
1,061,480
77
20
03
86
29
68
39
$25,883,224 71
8,590,380 97
Bonds
of Sundry Companies
Stocks of Sundry Companies
$7,671,552 95)
Southwestern Equipment Co
Material on
49,982 72
47
80
03
00
8,872,32405$
Hand
5,514,879 31
16,543,877 00
3.933,917 98
3,605,696 77
323,53400
54,623,179 45
Total.
$392,747,943 20
$53,894,641 86
LIABILITIES.
Comparison with June 30, 1901.
Decrease.
Increase.
CAPITAL LIABILITIES.
Capital StockPreferred
$59,361,267 31
75,996,200 00
Common.
Funded DebtPrior Lien Three and One-Half Per Cent Bonds
Pgh.
Jet.
Pitts.
&Mid.
Lake Erie
$30,996,200 00
$135,357,467 31
Div. Prior Lien Three
& W.
andOne-Half Per Cent Bonds.
Va. Four Per Cent Ref'd'g Bonds
71,000,000
67,500,000
13,810,530
43,000,000
6,541,000
20,000.000
1,000,000 00
1,500,000 00
00
00
00
00
00
00
1,000,000 00
$1,762,920 00
20,000,000 00
221,851,530 CO
$357,208,997 31
Ground Rent Liens (Capitalized
Real Estate Mortgages-
Property at Washington, D. C
2,093 33
$881,181 01
at 6 per cent)
2,850 00
156,578 85
570,675 29
W. Va. & Pitts. RR. Co First Mort. Four Per Cent Bonds
Schuylkill River E. S. RR. Co. First Mort. Five Per Cent Bonds
613.475
161,939
47,439
377,000
700,000
4,000,000
4,500,000
29
00
42
00
00
00
00
14.472 00
37,951 56
64,500 00
11,281,034 72
$368,490,032 03
Total
MISCELLANEOUS AND CONTINGENT LIABILITIES.
288,086 02
286,473 36
$438,223 19
Dividends and Interest prior to July
Total
1,
1898, uncalled for
CURRENT
782 87
1,496,719 37
3,462,940 13
„
LIABILITIES.
Pay-Rolls
452,792 03
65
25
84
89
3,218,38147
2,822,641 93
3,831,226 50
393,480 06
1,279.314 77
$2,255,325
2,376,656
1,882,628
110,093
Accounts Payable
Trafflo Balances
Accrued Interest on Funded Debt and Loans
Accrued Taxes and Ground Rents
Relief Departments
Profit
1,503.079 59
24,917 98
1,496.719 37
and Loss
5,259,977 78
370,145
51,005
137,194
653,155
1,540,050
16,604
489,838
89
06
99
93
53
18
28
18,169,749 36
2,625,221 68
918,502 61
$392,747,943 JO
$53,894,641 86
The above General Balance Sheet presents an accurate and true statement of the Accounts of the Company as of
June 30, 1902.
H D bclkley, Comptroller.
Baltimore, September
15, 1902.
:
NOTESIBKB
THE CHRONICLE.
22, 1902.J
1155
On October 1. 1901, Mr. J. N. Barr. having resigned as
Mechanical Superintendent, Mr. F. D. Casanave was appointed General Superintendent of Motive Power.
On October 25, 1901, Mr. D. F. Maroney having resigned
as General Superintendent of the Pittsburg and Coanells
ville divisions, Mr. W. R. Woodford, formerly General
Manager of the Cleveland Lorain & Wheeling Division,
was appointed to fill the vacanoy, occupying that position
until May 1, 1902, when he retired to accept service with
the Pittsburg Coal Company, and Mr. L. G. Haas, formerly
Assistant to General Manager, was appointed to succeed
appointed Assistant Comptroller; Mr. J. T. Leary, Assistant
to General Manager, was appointed General Auditor, ajid
Mr. J. L. Kirk, Auditor of the Pittsburg & Western Lines,
was appointed Auditor of Subsidiary Lines.
On April 1, 1902, Mr. C. S. Sims was appointed General
Superintendent, New York, vice Mr. J. Van Smith, resigned.
On June 1, 1902, Mr. C. W. Bassett, General Passenger
Agent of the Pittsburg & Western Lines, was appointed
General Passenger Agent of Lines East of the Ohio River, to
fill the vacancy caused by the death of Mr. J. M. Schry ver.
him.
The President and Directors take great pleasure in acknowledging the faithful and efficient services of the officers
and employes during the past fiscal year.
Mr. Win. Gibson having resigned as
General Superintendent of Transportation, Mr. J. C. rituart,
General Superintendent of the Lines West of the Ohio River,
was appointed to fill the vacancy.
On March 23, 1902, under a reorganization of the Accounting Department, Mr. G. W. Booth, General Auditor, was
On December
1,
1901,
By
order of the Board,
L. F.
LOREE,
President.
THE ROCK ISLAND COMPANY.
APPLICATION TO THE
NEW YORK STOCK EXCHANGE
New
York, November
1,
1902.
Application is herewith made to have the following stocks
placed on the regular list of the New York Stock Exchange:
$47,497,800 non-cumulative Preferred Stock of The Rook Island
Company.
$67,855,200 Common Stock of The Book Island Company.
The Rock Island Company has been organized under the
laws of the State of New Jersey to acquire by purchase, subscription or otherwise, and to hold as investment, any bonds
or other securities or evidences of indebtedness, or any
shares of Capital Stock created or issued by any corporations
or associations oftheStateof New Jersey orof anyother State,
Territory or Country; to purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of, any bonds or
other securities or evidences of indebtedness created or
issued by any such corporation or association; to purchase,
hold, sell, assign, transfer, mortgage, pledge or otherwise
dispose of, shares of the capital stock of any such corporation or association, and, while owner of such stock, to exercise all rights, powers and privileges of ownership, including the right to vote thereon; to aid in any manner any corporation or association of which any bonds or other securities or evidences of indebtedness or stock are held by the
Company, and to do any acts or things designed to protect,
preserve, improve or enhance the value of any such bonds
or other securities or evidences of indebtedness or stock;
and to acquire, own and hold such real and personal property as may be necessary or convenient for the transaction
of its business.
copy of the Certificate of Incorporation
of the Rock Island Company is submitted herewith.
The Rock Island Company has an authorized Capital Stock
of $150,000,000 divided into 1,500,000 shares of $100 each. Of
said stock, $54,000,000 in 540,000 shares, is non-cumulative
Preferred Stock, and $96,000,000 in 960,000 shares is Common
Stock.
The amount of the Preferred Stock can not be increased
except upon the affirmative vote of the holders of two-thirds
of the entire Preferred Stock and of two-thirds of the entire
Common Stock at the time outstanding, given at a meeting
called for that purpose.
The holders of the Preferred ^Stock are entitled to receive,
when and as declared from the surplus or net profits of the
Corporation, non-cumulative yearly dividends at the rate
of, but not exceeding, Four per Centum per annum, for the
year 1903 and for each and every year thereafter until and
including the year 1909; at the rate of, but not exceeding,
Five per Centum per annum for the year 1910 and for each
and every year thereafter until and including the year 1916;
and at the rate of, but not exceeding, Six per Centum per
annum f©r the year 1917 and for each and every year thereafter; payable quarterly, on dates to be fixed by the By-Laws,
and in preference and priority to the payment of any dividend on the Common Stock for such year.
The holders of the Common Stock are entitled to receive
all other net profits of the Corporation which may be distributed as dividends, and such dividends on the Common
Stock may be declared annually, semi-annually or quarterly,
as the Board of Directors may from time to time, in its discretion, determine.
In the event of any liquidation or dissolution or winding
up (whether voluntary or involuntary) of the Corporation,
the holders of the Preferred Stock are entitled to be paid in
full the par amount of their shares before any amount shall
be paid to the holders of the Common Stock; and, after the
payment to the holders of the Preferred Stock of its par
value, the remaining assets and funds shall be divided and
paid to the holders of the Common Stock pro rata, according to their respective shares.
The holders of the Preferred Stock have the right, to the
exclusion of the holders of the Common Stock, to choose
directors of the first class, as defined in the Certificate of
Incorporation, but such exclusive right may at any time be
surrendered by the affirmative vote of the holders of twothirds in amount of the Preferred Stock at the time outstanding, at a special meeting of the holders of the Pre-
A
TO LIST PREFERRED AND COMMON STOCK
ferred Stock called for that purpose, notice of which shall
have been given in the manner prescribed at the time by the
By-Laws for a special meeting of the Stockholders.
The Common Stock is subject to the prior rights of the
Preferred Stock as declared iu the Certificate of Incorpora
tion.
The Certificate of ^Incorporation contains, among others,
the following provisions governing the election of Directors
and concerning their powers:
There shall be five classes of Direotors. The first class shall contain
a majority of the whole number of Direotors as fixed at any time by
the By-Laws. So long as the number of Directors shall be nine, the
first class shall contain five Directors and each of the other four classes
shall oontain one Director. In the event that the number of Directors
shall at any time be increased, the increased number shall be divided
among the several classes of direotors as follows: to the first class shall
be added suoh a number as that the number of Direotors of the first
class shall be a majority of the whole number of Direotors as thus
increased; the remainder of the increased number of Directors shall
by the Board of Directors be divided among the several other classes
in such manner as that each suoh other class shall contain an equal
number of Directors as nearly as may be. The term of office of eaoh
class of Directors shall be five years, except that upon the organization
of the Company the first class shall be elected to serve only until the
fifth annual election after the organization, the second class until the
fourth annual election, the third class until the third annual election,
the fourth class until the second annual election, and the fifth class
until the first annual election at each annual election after the organization, successors to the class whose term then expires shall be eleoted
to serve for the full term of five years. An increase in the number of
Directors of any class shall be deemed to create vacancies in the Board,
to the extent of suoh increase, for the remainder of the term o f the other
Directors of that class, to be filled in the manner hereinafter provided.
In case of any vacancy In the first class of Directors through death,
resignation, disqualification or other cause, the remaining Directors,
by vote of a majority of their numaer, which shall include also a
majority of the remaining Directors of the first class, may elect a successor to hold office for the unexpired portion of the term of the
Director whose place shall be vacant. In case of any vacancy
in any other class of Directors, through death, resignation, disqualification or other cause, the remaining Directors of all classes, by vote
of a majority of suoh remaining Direotors, may elect a successor to
hold office for the unexpired portion of the term of the Directors
whose place shall be vacant.
The By-Laws may presoribe the number of Directors necessary to
constitute a quorum, which number may be less than a majority of the
whole number of the Director*; but a majority of the Directors of the
first class shall be necessary to constitute such quorum.
All Corporate Powers shall be exercised by the Board of Direotors
except as otherwise provided by Statute or by the Certificate of
Incorporation.
A Finance Committee may be appointed from the Directors and the
number of members thereof fixed by the By-Laws, and, as the terms of
membership expire, respectively, successors shall be appointed by the
Board of Direotors. Said terms of membership shall be the same as the
terms of office of the members, respectively, as Directors of the Company.
Such Committee shall have all the powers conferred upon it by the
Certificate of Incorporation, by the By-Laws, or by the Board of Directors, and shall have all the powers of the Board of Directors when the
Board is not in session; and it shall also have power to fix the number
required for a quorum, to make rules for the conduotof its business, to
appoint Sub-Committees, and to appoint from its numbers Officers for
its own proceedings.
All Directors, irrespective of olass, are eligible for membership in
said Committee, and any member who shall cease to be a Director of
the Company shall ipso facto cease to be a member of suoh Committee.
Vacancies in suoh Committee occurring otherwise than by expiration
of term of membership shall be filled for the unexpired term by a majority vote of the remaining members of the Committee.
The Board of Directors shall have power from time to time to fix and
determine and to vary the amount of the Working Capital of the Company, and to direct and determine the use and disposition of the Working Capital; but no reservation for Working Capital shall be made in
any year out of the surplus or net profits of such year until after the
payment for such year of the dividends on the Preferred Stock of the
Company, unless the amount applicable to suoh dividends or remaining
after the payment of one or more dividends at the full quarterly rates
above specified shall be less than the amount then required for the
payment of one quarterly dividend on the outstanding Preferred Stock
;
at said rates.
The following By-Laws have been adopted by the Rock
Island Company
Akticle VI. This Company shall not, except for retirement for the
purpose of deoreasing the Capital Stock of the Company as authorized
by law, buy or sell or otherwise deal in shares of its own stook nor
shall the stock acquired and held in other Companies for which the
stook of this Company shall have been issued be sold except upon the
consent in writing of Stockholders of the Company owning at least a
majority of the Canital Stock of the Company, or upon the vote of
Stockholders of record owning not less than a majority of the stock of
the Company present or represented at an annual meeting of the Stockholders or at a speoial meeting of the Stockholders called In accordance with the By-Laws of the Company, the notice of which shall state
the purpose for which said meeting is called.
;
THE CHRONICLE.
1156
Article VII. The Board of Directors shall have power to make,
amend and repeal the By-Laws of the Company, other than Article
VI thereof, hy a vote of a majority of all the Directors at any regular
or special meeting of the Board, provided that notice of intention to
make, amend or repeal the By- Laws, in whole or in part, shall have
been given at the preceding meeting, or, without any such notice, by
a vote of two-thirds of all the Directors. Article VI of these By-Laws
may be amended only by a vote of Stockholders of record, owning not
less than a majority of the Capital Stock of the Company, present or
represented at any annual meeting or at any special meeting of the
Stockholders called for that purpose.
Of the stock of The Rock Island Company, 474.978 shares
of the Preferred Stock and 678,552 shares of the Common
Mock have been issued, for the listing of which this application is made. Said stock has been delivered to holders of
stock of the Chicago
pany tinder an
offer
Rock Island & Pacific Railway Com :
made by said Chicago Rock Island &
Pacific Railroad Company for the purchase of stock of said
Railway ompany. By said offer the Railroad Compafiy
undertook to deliver for each share of the stock of said Railway Company accepting such offer $100 in said Four Per
ent Gold Bonds of 2002, $70 in the Preferred Stock of the
Rock Island i ompany and $100 in the Common Stock of the
Rock Island Company. The time within which holders of
stock of said Railway Company may accept said offer of
purchase has been extended until December 1, 1902, and application is also made that authority be given to add to the
list such additional amounts, both of Preferred and of Common Stock, as maybe delivered under said offer of purchase,
The stocks of The Rock Island Company represent the
control of the following lines of railway, now known and
herein referred to as the Rock Island System :
Miles.
In Operation—
3,656
The Chicago Rock Island & Paoidc Railway Co
162
The Keokuk & Des Moines Railroad Co
144
Des Mokies & Ft. Dodge Railroad Co
47
Peoria & Bureau Valley Railway Co
Burlington Cedar Rapids & Northern Railway Co
1,367
120
Rock Island & Peoria Railway Co
Choctaw Oklahoma & Gulf Railroad Co
1,051
123
Chicago Rock Island* Texas Railway Co
Ill
Chicago Rock Island & El Paso Railway Co
Chicago Rock stand & Mexico Railway Co
92
135
Choctaw Oklahoma & Texas Railroad Co
Des
Arc
Railroad
25
Searcy &
Co
[Vol. TiXXV.
Liabilities—
Capital Stock
$99,506,785 00
In hands of public
Owned by Companies In Rock
$65,203,055 00
Island
System
26,068,230 00
Authorized for delivery October 15,
1902
8,235,50000
Funded debt
131,078,000 00
In hands of public
127,559,500 00
Owned by Companies
Rock Island
in
System...
3,518,50000
Current liabilities
Deferred liabilities
Renewal funds
Profit and loss— June 30, 1902
20,509,259 56
Income account, July 1 to Aug. 31,
1902
1,557,366 17
4,218,670 73
10,042,161 28
277,565 01
22,066,625 73
$267,189,807 75
Total liabilities
<
<
The funded debt
O. R. I.
First
& P.
Under Construction—
Louis Kansas City & Colorado Railroad Co.— St. Louie to
Kansas City.
Chicago Rock Island & Texas Railway Co.— Jacksboro to Graham
Chicago Ro. k Island & Gulf Railway Co.— Ft. Worth to Houston.
Choctaw Oklahoma & Texas Railroad Co.— Cimarillo to Texas—
New Mexico Line; ana Chicago Rook Island & El Paso Railway
.Co.— Texas— New Mexico line to Tucumcari
Choctaw Chickasaw Railroad Co.— Ardmore to Red River; and
Chicago Rock Island <fe Gulf Railway Co.— Red River to Dallas.
Choctaw Oklahoma * Gulf Railroad Co.— Guthrie to Cliandler...
Various branches in Oklahoma and Indian Territory— about
made up
is
as follows
Mortgage
59,58 1,000
i
23,552,000
& N.
RR. Co.First Mortgage
Consolidated Mortgage
O. R. I. F. &N. W. Ry. Co. First Mortgage
Minneapolis &>t. Louis Ry. Co
R. I. & P. Ry. Co. Consolidated First Mortgage
R. I. &. Texas Ry. Co. First Mortgage
C. O. & G. RK. Co.—
General Mortgage
Choctaw & Memphis Ry. Co. First Mortgage
Consolidated Mortgage
Little Rock Bridge Co. First Mortgage
Equipment Trust, SeriesA
B. C. R.
:
$12,500,000
General Mortgage
Four Per Cent Gold Bonds of 1902
.
"
"
"
.
I
of the system
Ry. Co.—
6, "00,000
7,8 3,000
.
1,905,000
1"»>,000
450,000
1,365,000
5/00,000
3,525,000
5,0^2,000
375,000
200,000
860.000
1,750,000
B
$131,078,000
Total
The Income Account of the system
ending August
Earnings—
31, 1902, is
for
the
two months
as follows:
Freight
Passenger
Express, mail and miscellaneous
$4,977,724 90
2,233,288 59
311,398 12
St.
294
27
265
125
<fc
113
50
150
Of the foregoing lines the following are operated under
lease by the Chicago Rock Island & Pacific Ry. Company:
Sites
Keokuk & Des Moines Railroad Co
Des Moines & Fort Dodge Railroad Co
Peoria & Bureau Valley Railroad Co
162
144
47
Burlington cedar Rapids & Northern Railway Co
Rock Island & Peoria Railway Co
1,367
120
The Chicago Rock Island & Pacific Railway Company
owns shares of stock in the various Companies constituting
the Rock Island Svstem as follows:
Out-
Keokuk & Des Moines Railroad Co
Burlington Cedar Rapids & Nor. Ry, Co
Rock Island & I'eoria Railway Co
Choctaw Oklahoma & Gulf Railroad Co
< hicago Rock Island & Texan Ry. Co
Chicago Rock Island * El Paso Ry. Co
Chicago Rock Island & Mexico Ry. Co
8t. Louis Kansas City & Col. RK. Co
Chicago Rock Island & Gulf Ry. Co
*
<>wned.
stanctinq.
30
14,616
1,897
20,*
69,603
14,868
31'J.322
All
$7,522,411 67
Total
Operating Expenses—
Maintenance of way and structures
Maintenance of equipment
Conducting transportation
General and traffic expenses
$1,094,079 91
52<>.033 52
2,082,524 01
413,956 01
4,110,643 48
Total
Net earnings
Other income
$3,411,768 19
171,436 63
,
$3,583,204 82
Total
Taxes
Interest
$216,273 69
1,184,774 71
and rentals
1,401,048 40
Balance
of above balance there was paid on August 1,
1902, a dividend on the Capital Stock of The Chicago Rock Island & Pacific Railway Company,
$2,182,156 42
Out
amounting
624,790 25
to
8urplus for two months
$1,557,366 17
The balance sheet of The Rock Island Company
November 1, 1902, is as follows:
as of
1.32
7,678
ASSET8—
Stock of Chicago Rock Island
&
Pacific
Railroad Co.
$115,353,000
(1.130,898 shares)
All.*
Expenses
All.*
All.*
1
AIL*
7,000
$115,400,000
Except shares held by Directors.
Liabilities—
$115.?53,0OO
Capital Stock.
The stock of the Choctaw Oklahoma & Texas Railroad
('referred....
$47,497,800
Common
Company, o' the Searcy & Des Arc Railroad Company, and
67,855,200
liabilities
Current
47,000
of the Choctaw & Chickasaw Railroad Company, except in
each case shares held by Directors, is owned by the Choc$115,400,000
taw Oklahoma & Gulf Railroad Company.
The combined Balance Sheet of the Railways constituting
The office of The Rock Island Company is at No. 15 Exthe System as of August 31, 1902, is as follows:
change Place, Jersey City, New Jersey. The Transfer Agent
ASSETS—
of the stock of the Company is the Commercial Trust 'omCost of road and equipment
-190,407,614 64
Stocks owned...
..
37,079,533 14 pany of New Jersey, with offices at No. 15 Exchange Place,
outside Companies
$223,959 37
Jersey City, New Jeisey. The Registrar of the stock of the
Subsidiary Companies
4,163,163 97
Company is the United States Mortgage & Trust ompany,
Proprietary Railroad Companies
32,692,409 80
office at 59 Cedar Street, in the Citv and State of New
Bonds owned
6,990,928 36 with
<
<
Outside Companies
Subsidiary Companies
Proprietary Railroad Companies
Advances and loans
To OutBide Companies
To Subsidiary Companies
Other investments (real estate, etc.)
Material and supplies
Cash and ourrent assets
Cash
Duo from station agts. and conductors.
Due from companies and individuals..
Bills receivable
Due from U. S. Government
Due from Express Companies
1,038,489 63
2,131,48 63
3,8-0,854 10
'
6,825 414 83
238,399 35
6,587,015 48
i
764,527 54
3,354,577 77
21130173 08
6,515,21657
1,657,920 40
3,066.803 43
215,880 04
262,807 13
61,005 51
Capital Stock held for delivery on subscription rights for B. C. R <te S.
RR. Co. Stock and 0. R. I. & P. Ry. Co.
Stock
Deferred assets
Total assets
York.
Since the organization of the Company the number of Directors has been increased to 13and the Board of Directors of
The Rock Island (' rnpauy is now constitute d as follows:
K. R.
Directi
of the First Class (term expires 1907):
Cable, Chicago, 111.; Win. H. Moore. New York. N. Y.;
James H. Moore, hicago, [11.; W. B. Leeds, New York, N.
Y.; D. G. It. i.l. New York, N. Y.; H. C. Frick, Pittsburg,
Directors of the 6'« cond
Pa.: Marshall Field, Chicago, 111.
Ctos* (term expires 1900): F. L. HiDe. New York. N. Y.;
.tors it the
George G. Mc.Miutry, New York, N. Y
Third Class (term expires 1905): A. R. Flower, New Y'ork,
Director of
N. Y.; George S. Brewster, New
ork, N. Y.
the Fourth Class (term expires 1904): Ogden Mills. New
Y'ork, N. Y.
Dirt dor of the Fifth (7us.s (term expires 1!)03):
George T. Boggs. East Orange, N. J.
The Finance Committee of the Company is constituted as
follows: William II. Moore, New York. N. Y.; W. B. Leeds,
i
"S
9,350,540 00
637,138 39
$267,189,807 75
November
THE CBLRONICLB
22, 1902.]
York, N. Y.: D. G. Reid, New York, N. Y.; J. H. Moore,
Chicago, 111.; F. L. Hine. New York, N. Y.
The Officers of the Company are as follows President,
W. B. Leeds; Chairman of the Finance Committee, W. H.
Moore: Secretary and Treasurer, D. G. Reid: Assistant Secretary and Assistant Treasurer, George T. Boggs.
Herewith are submitted certified copy of the Certificate of
Incorporation of The Rock Island Company, copy of the Bylaws of the Rook Island Company, sample copies of Certificates of Stock Preferred and Common: Opinion of Counsel.
The Committee on Stock Lists recommends that the abovedoscribed $47,497,800 Non-Cumulative Preferred Stock and
$67,855,200 Common Stock be admitted to the list. The
Committee further recommends that it be empowered to
add to the list from time to time, but prior to Dec. 1, 1902,
additional amounts of Preferred Stock up to $54,000,000, and
additional amounts of Common Stock up to $96,000,000, on
official notification that it has been issued and delivered to
holders of stock of The Chicago Rock Island & Pacific Railway Co. deposited under the terms of the offer.
New
:
THE ROCK ISLAND COMPANY,
By Geo.
1157
W. H. Granbery, Chairman.
Adopted by the Governing Committee, Nov. 12, 1902.
T. Boggs,
Wm. McClure,
Assistant Secretary.
Secretary.
CHICAGO ROCK ISLAND & PACIFIC RAILROAD COMPANY.
APPLICATION TO THE
New
NEW YORK STOCK EXCHANGE TO
York, November
1,
1902.
|
Application is herewith made to have placed on the regular list of the New York Stock Exchange $67,853,000 Four
per Cent Gold Bonds of 2002 of Chicago Rock Island
Pacific Railroad Company.
Chicago Rock Island & Pacific Railroad Company was
organized under the general laws of the State of Iowa on
July 31, 1902, with an authorized Capital Stock of $125,000,000, divided into 1,250,000 shares, of the par value of $100
each, and was organized for the construction or the acquisition in any other manner, and the maintenance and
operation of a line of railway and telegraph extending
through the State of Iowa from Davenport to Council
Bluffs; for the purchase, lease or the acquisition in any
other manner, either directly or through the ownership of
the stocks and bonds or other obligations of the corporations
owning or operating the same, of the railways, property
and franchises of The Chicago Rock Island & Pacific Railway Company, and of other lines of railway and railway
property in the State of Iowa and in other States and Territories, and the operation and maintenance of any lines of
railway which the Company might so acquire, and for the
operation under lease or other contract of lines of railway
owned or operated by other railroad companies. A copy of
the Articles of Incorporation is submitted herewith. Of the
stock of Chicago Rock Island & Pacific Railroad Company
1,130,903 shares have been issued.
The Four Per Cent Gold Bonds of 2002, for the listing of
which application is cow made, bear interest from November 1, 1902, at the rate of Four Per Cent per annum, payable
&
May
LIST
FOUR PER CENT BONDS.
the $10,000 Bonds will have the letter B before the number
and the $50,000 Bonds will have the letter C before the
number.
The Chicago Rock Island & Pacific Railway Company controls the following lines of railway, now known and herein
referred to as the Rock Island System:
In Operation—
Miles.
The Chicago Rook Island <fe Pacific Railway Co
3,656
162
The Keokuk & Des Moines Railroad Co
144
Des Moines & Ft. Dodge Railroad Co
47
Peoria & Bureau Valley Railway Co
Burlington Cedar Rapids & Northern Railway Co
1,367
Island
&
Peoria
Railway
Co
120
Rock
Choctaw Oklahoma & Gulf Railroad Co
1,051
123
Chicago Rock Island & Texas Railway Co
Ill
Chicago Rock Island & El Paso Railway Co
92
Chioago Rook island & Mexico Railway Co
135
Choctaw Oklahoma & Texas Railroad Co
25
Searcy & Des Arc Railroad Co
Under Construction—
St. Louis Kansas City & Colorado Railroad Co.— St. Louis to
Kansas City
294
Chicago Rock Island & Texas Railway Co.— Jacksboro to Graham
27
Chicago Rock Island & Gulf Railway Co.— Ft. Worth to Houston. 265
Choctaw Oklahoma & Texas Railroad Co.— Cimarillo to TexasNew Mexico Line; ana Chicago Rook Island & El Paso Railway
Co.— Texas— New Mexico line to Tucumcari...
125
Choctaw & Chickasaw Railroad Co.— Ardmore to Red River; and
Chicago Rock Island & Gulf Railway Co.-Red River to Dallas. 113
Choctaw Oklahoma & Gulf Railroad Co.— Guthrie to Chandler-.
50
Various branches in Oklahoma and Indian Territory— about
150
. .
Of the foregoing lines the following are operated under
by the Chicago Rock Island & Pacific Ry. Company:
lease
mature November 1, 2002, and are
payable, both as to principal and interest, at the office or
agency of the Company in the City of New York, in gold
coin of the United States of America of or equal to the
present standard of weight and fineness, without deduction
for any tax or taxes which the Company may be required to
pay thereon or retain therefrom by any present or future
law of the United States, or of any State, County or Municipality thereof. The bonds are not redeemable prior to
Keokuk & Des Moines Railroad Co
Des Moines & Fort Dodge Railroad Co
Peoria & Bureau Valley Railroad Co
Burlington Cedar Rapids & Northern Railway Co
Rook Island & Peoria Railway Co
maturity.
Keokuk & Des Moines Railroad Co
1
and November
1,
The bonds are
Coupon Bonds are
in coupon and in registered form. The
in the denomination of $1,000, with right
of registration as to principal. The Registered Bonds are in
the denomination of $5,000, $10,000 and $50,000. The Coupon
Bonds and Registered Bonds are exchangeable one for the
other, as provided in the Trust Agreement. Registered
Bonds may be transferred in the City of New York at the
office of the Company, No. 13 William Street.
To secure said bonds, the Company has executed and delivered to Central Trust Company of New York its Collateral
Trust Agreement dated August 1, 1902, under which have
been pledged and deposited 678,539 shares of the stock of
The Chicago Rock Island & Pacific Railway Company, and
under which the Company agrees to deposit and pledge all
additional shares of stock of said Railway Company as and
when acquired. The outstanding stock of said Railway
Company, aggregating 742,481 shares, is listed on this Exchange.
The total authorized amount of bonds is $75,000,000, the
amount of the authorized Capital Stock of said Chicago
Rock Island & Pacific Railway Company, and bonds can be
issued only to a face amount equal to the par value of the
stock pledged under the Trust Agreement.
The Trust
Agreement provides that the Capital Stock of said Chicago
Rook Island & Pacific Railway Company shall not be increased beyond said present authorized amount of $75,000,000, and that stock of said Railway Company in excess of
that amount shall not be issued.
The remaining bonds are reserved for issue at par against
the deposit and pledge under said Trust Agreement of additional shares of the stock of said Railway Company, and
application is also made that authority be given to add to
the
list
such remaining bonds as they
may
be issued.
The Coupon Bonds for which application to
made are numbered conseoutively from 1
list is
to
now
67,853
inclusive.
The Registered Bonds will be numbered from 1 upwards.
The $5,000 Bonds will have the letter A before the number;
,
Miles
162
144
47
1,367
120
The Chicago Rock Island & Pacific Railway Company
owns shares of stock in the various Companies constituting
the Rock Island System as follows:
Out-
Burlington Cedar Rapids & Nor. Ry. Co
Rock Island & Peoria Railway Co
Choctaw Oklahoma & Gulf Railroad Co
Chicago Rock Island & Texas Ry. Co
Chicago Rock Island A El Paso Ry. Co
Chioago Rock Island <& Mexico Ry. Co
St. Louis Kansas City & Col. RR. Co
Chioago Rock Island & Gulf Ry. Co
1
Owned
s tctTvd
i?lQ
20,6 30*
1 4,616
69,603
14,868
312,322
1,897
132
7,678
All.*
All.*
All.*
All.*
All.*
Except shares held by Directors.
The stock of the Choctaw Oklahoma & Texas Railroad
Company, of the Searcy & Des Arc Railroad Company, and
of the Choctaw & Chickasaw Railroad Company, except in
each case shares held by Directors, is owned by the Choctaw Oklahoma & Gulf Railroad Company.
The combined Balance Sheet of the Railways constituting
the System as of August 31, 1902, is as follows:
Assets—
Cost of road and equipment
Stocks owned
Outside Companies
Subsidiary Companies
Proprietary Railroad Companies
,
Bonds owned
Outside Companies
Subsidiary Companies
Proprietary Railroad Companies
Advances and loans
To Outside Companies
To Subsidiary Companies
Other investments (real estate, eto. )
Material andsupplies
Cash and ourrent assets
Cash
Due from station agts. and conductors.
Due from companies and individuals..
Bills receivable
Due from U. S. Government
Due from Express Companies
$190,407,614 64
37,079,533 14
$223,959 37
4,163,163 97
32,692,409 80
6,990,828 36
1,038,489 63
2,131,484 63
3,820,854 10
6,825,414 83
238,399 35
6,587,015 48
764,527 54
3,354,577 77
21,130,173 08
6,515,216
1,657,920
3,066.803
215,880
262,807
61,005
57
40
43
04
13
51
Capital Stock held for delivery on subscription rights for B. C. R. & N.
RR. Co. Stock and C. R. I. & P. Ry. Co.
Stock
Deferred assets
Total assets
9,350,540 00
637,138 39
$267,189,807 75
THE CHRONICLE.
158
J
The Balance Sheet of Chicago Rock Island & Pacific
Company as of November 1, 1902, is as follows:
Liabilities—
$99,506,785 00
Capital Stock
$65,203,055 00
In hands of public
Assets—
owned (678,539 shares stock
26,068,230 00
Securities
Ry. Co)
15,
8,235,500 00
131,078,000 00
Funded debt
Owned by Companies in Rook
System
C. R.
I.
&
P.
$180,944,200 00
213,660 80
Expenses
127,559,500 00
In hands of public
$181,157,860 80
Island
3,513,500 00
,
Current liabilities
Deferred liabilities
Renewal funds
Profit and loss— June 30, 1902
20,509,259 56
Income account, July 1 to Aug, 31,
1,557,366 17
1902
4,218,670 73
10,042,16128
277,565 01
Liabilities—
Capital Stock
Funded debt— Gold Bonds 2002— (4 per
Current
$113,090,300 00
67,853,900 CO
213,660 80
cent)..
liabilities
$181,157,860 80
22,066,625 73
Total
$267,189,807 75
liabilities
The funded debt
& P.
C. R. I.
First
of the system
is
made up
as follows
:
Ry. Co.—
Mortgage
General Mortgage
Four Per Cent Gold Bonds of 1902
&
B. C. R.
N. RR.
First Mortgage
$12,500,000
59,581,000
23,552,000
„
Co.—
6,500,000
7,803,000
1,905,000
150,000
450,000
1,365,000
Consolidated Mortgage
..^
C. R. I. F. &N. W. Ry. Co. First Mortgage
Minneapolis & St. Louis Ry. Co
R. I. & P. Ry. Co. Consolidated First Mortgage
R. I. &. Texas Ry. Co. First Mortgage
& G. RR. Co.—
Choctaw & Memphis Ry. Co. First Mortgage
C. O.
General Mortgage
5,500,000
3,525,000
5,062,000
375,000
200,000
860,000
1,750,000
Consolidated Mortgage
Little Rock Bridge Co. First Mortgage
Equipment Trust,
"
"
"
Series
"
"
A
B
C
$131,078,000
Total
The Income Account of the system
ending August 31, 1902, is as follows:
for the
two months
The Board of Directors of Chicago Rock Island & Pacific
Company is constituted as follows: William T.
Rankin, Chicago, 111.; Benjamin S. Cable, Chicago, 111.;
George E. McCaughan, Chicago. 111.; John I. Dille, Des
Moines. la. Frank D. Davy, Des Moines, la.
The Officers of the Company are the following: President,
Wm. T. Rankin; Vice-President, Oliver H. Bogue; Secretary and Treasurer, James H. Mather.
Herewith are submitted copies of the Collateral Trust
Agreement of Chicago Rock Island & Pacific Railroad Company, including one certified by Central Trust Company of
New York to be a'true copy of the original Certificate of
said Central Trust Company of New York, accepting said
trust, stating the amount of stock deposited thereunder, and
giving the numbers and amounts of bonds executed in
accordance with the terms of the Trust Agreement certified
copy of the Articles of Incorporation of Chicago Rock Island
& Pacific Railroad Company; sample copies of both Coupon
Bond and Registered Bond; Opinion of Counsel.
Railroad
;
;
;
CHICAGO ROCK ISLAND & PACIFIC
Earnings—
By
$4,977,724 96
2,233,288 59
311,398 12
Freight
Passenger
Express, mail and miscellaneous
Operating Expenses—
Maintenance of way and structures
Maintenance of equipment
Conducting transportation
General and traffic expenses
$1,094,079
520,083
2,082,524
413,956
91
52
01
04
4,110,643 48
Total
$3,411,768 19
171,436 63
Net earnings.,
Other income.
$3,583,204 82
Total
Taxes
$216,273 69
1,184,774 71
Interest and rentals
1,401,048 40
Balance
of above balance there was paid on August 1,
1902, a dividend on the Capital Stock of The Chicago Rock Island & Pacific Railway Company,
$2,182,156 42
W.
Union Natural Gas Corporation.— ieaae.— Through the
of the Logan Gas Co. one of the controlled com,
panies, a 15-year lease has been taken of the gaa property of
the Consolidated Gas & Light Company of Tiffin, O., including 44 miles of pipe in the city of Tiffin. The electric and oil
interests of the Consolidated were not included in the transfer.
This transaction is in line with the policy of acquiring
additional consumers. When present plans are oompleted,
the Union, it is said, will be supplying 300,000 meters. Construction is being pushed, the following towns having
already been reached:
Johnstown. Buoyrus. Fostoria, Mansfield, Gallon, Tiffln, Ashland
Marlon, Westervllle, Crestline, Carey, Upper Sandusky, Cardlngton
and Mt. Gllead—V. 75, p. 736, 195.
United Box Board & Paper Co.— Sale of Bonds— Subscriptions were closed on Saturday last for $2,000,000 of the
recently authorized issue of bonds; they were offered to
the stockholders at 90, with a bonus of 25 shares of preferred
stock and 75 shares of common. The proceeds from this sale
will be used to pay off the the floating debt of the constituent companies.
The bonds, it is stated, were over-subscribed.— V. 75, p. 1090, 1044.
United Electric Light & Power Co., Baltimore.— Option
Exercised.—The Continental Trust Co. of Baltimore closed
on Nov. 15 its option to purchase the $2,000,000 common stock
of the United Electric Light & Power Co. from the United
Railways & Electric Co. for $900,000. Payment is to be
made Jan. 15, 1903. The syndicate also has an option upon
the stock and bonds of the Mount Washington Electric Co.,
which are held by the United Railways; price, $150,000. See
further particulars in V. 75, p. 31; V. 75, p. 81.
President S. Davies Warfield of the Continental Trust
Co. recently made the following statement:
The promoters of the Susquehanna Electric Power Co. are In no
way Interested directly or Indirectly In the option held by the Continental Trust Co. on the stook of the United Electrlo Light & Power
Co. My negotiations with those gentlemen have never extended beyond their hydraulic development on the river. Furthermore, I am
not ready to report to those I represent the results of the investigations not yet completed, whioh have covered a period of nearly two
years ana which will determine where on the river the hydraullo and
eleotric plants should be looated.
H. Granbery, Chairman.
Adopted by the Governing Committee, Nov.
624,790 25
Wm. McClwre,
$1,557,366 17
Surplus for two months
Elder,
The Committee on Stock Lists recommends that the
above-described $67,853,000 Four per Cent Coupon Bonds of
A. D. 2002 for $1,000 each, Nos. 1 to 67,853 inclusive (and
Registered Bonds in the denominations of $5,000 and $10,000,
into which said Coupon Bonds may be converted) be admitted to the list. The Registered Bonds may be re-converted into Coupon Bonds.
The Committee further recommends that it be empowered
to add to the list from time to time, but prior to Dec. 1,
1902, additional amounts of Four per Cent Bonds up to
$75,000,000, on official notification that they have been
issued against the deposit of additional shares of stock of
the Chicago Rock Island & Pacific Railway Company.
Out
amounting to
J. F.
RR. CO.,
Assistant Secretary.
$7,522,41167
Total
medium
Rail-
road
Owned by Companies In Bock Island
System
Authorized for delivery October
1902
LXXV.
[Vol.
12, 1902.
Secretary.
The contraot, under which an Increasing amount of power through
a period of 30 years Is to be supplied to the United Railways & Eleotric Co. of Baltimore, is the basis for this entire proposition, and
leaves with me, or rather those I represent, the selection of whatever
point on the river or whatever charter we may see fit to use to carry
oat the same. The intimation that the plans contemplate "taking
over" the United Railways & Electric Co. is entirely without
foundation in faot.—V. 75, p. 81.
United Fruit Co.— Earnings,— The results for the 18
months ended Sept. 30, 1902, compare with the 12 months
ended Aug. 31, 1901, as follows:
Net
Period
covered.
1901-04 (13 mos.'
1900-01 (12 mos,)
V.75, p. 851.803.
—
earninos.
12,215,936
1.304,027
Net
sub. cos.
$230,581
def.52,032
Int. and
miscel.
Dividends
$260,(599
$1,051,407
1.084,767
158,417
declared.
Surplus
for year.
$1,134,411
13,790
United States Steel Corporation.— Appeal on Calendar.
—The appeal from the decision in the Hodge
suit enjoining
the conversion of preferred stock into bonds has been made
case No. 82 on the calendar of the Court of Errors and
Appeals, whose term opened Tuesday. The case will probably not be reached under two weeks. V. 75, p. 1090, 1044.
—
United States Transportation Co.— Bonds.— See Cleveland Steamship Co. above. The bonds are dated Oct. 1, 1899,
and are subject to call at 105 and interest.
—
Attention is called to the offering by T. B. Potter,
Chicago, of the first mortgage 5 per cent bonds of the PeoElectric Light Co. of Xenia, Ohio.
The result
ple's Gas
of operations from Oct. 1, 1901, to Oct. 1, 1902, shows net
earnings of $12,419, or nearly twice the interest charge. Full
particulars may be found in the advertisement on another
&
page.
—The Guardian Trust Co. of Cleveland has just issued a
brochure on steamship bonds describing the issues of those
securities which it has to offer. Copies of this compilation
can be had by parties interested upon application. See
Cleveland Steamship Co. on page 1149.
—Attention
is
called
to the advertisement
in
another
column calling for united action by the stock and consolidated bond holders of the Denver Gas <fe Electric Co. through
a committee representing their interests.
—
THE CHRONICLE.
.
:
November
gplue
22, 1902.]
COTTON.
Commercial ^itwzs.
Friday Night, November 21, 1902.
The Movement of the Chop, as Indicated by our telegrams
COMMERCIAL EPITOME.
Friday Night, Nov.
21, 1902.
A development that has
received considerable attention in
the commercial markets has been the advance of 10 per cent
in wages made by numerous railroad systems. This advance
has been of especial importance to interior merchants, the
opinion being widely expressed that it means an advance in
West-bound railroad freights in the near future. At any rate,
anticipating such an advance, these merchants have become
freer buyers of merchandise at Eastern markets for prompt
shipment to the interior so that advantage can be taken of
freight rates now in force. As to the general business situation,
conditions are satisfactory, with the outlook for continued
activity considered encouraging. Important price changes
that have occurred during the week have been a sharp upturn to prices for sugar, and in the speculative markets
prominent bull operatois have been aggressive in wheat and
corn, advancing* pi ices,
and there has been a material
re-
covery in cotton values.
Lard on the spot has been sparingly offered, due to small
stocks, and prices have advanced, following the speculative
market. The close was easier at 11 '50c. for prime Western
and 10 50@llc. for prime City. The demand for refined lard
has been quiet, but prices have been firm and higher, closing
at 11 '60c. for refined for the Continent. Speculation in lard
for future delivery has been fairly active at advancing prices.
Shorts have been steady buyers to cover contracts, influenced
by the advancing prices for feed-stuffs. The close was easier.
Dini OLOSXWG PRICES OT LAED FUTURES IN CHICAGO.
,
Mon.
Sat.
November del'y.. 10-40
January
del'y
10-85
9-05
9-17ifl
Wed.
10-95
9-12i«
9*30
Tutt.
1085
Ttturt.
Fri.
10-87»a
9-20
10-80
9-15
Pork has advanced on stronger Western advices, but business has been quiet, closing at $18@18 50 for mess, |20 50 for
family and $20 75@22 50 for short clear. Cut meats have
been firmly held, but the demand has been light, closing at
834@b%o. for pickled shoulders, 123^@12J^o. for pickled hams
and \\^i@\\y2 c. for pickled bellies, 14@10 lbs. average.
Beef has had only a limited sale, but prices have been well
maintained, closing at $10 50@14 for mess, $15@16 50 for
packet, $17@18 50 for family and $26@27 for extra India mees
Tallow has sold slowly and prices have weakened to
in tcs.
The demand for stearines has been light and prices
6J^c.
have been barely maintained, closing at 12}^c. for lard
stearine and 133^@14c. for oleo stearine. Cotton-seed oil has
advanced, closing steady at 36c. for spot supplies of prime
yellow. Butter has advanced on light receipts, closing at
20@28c. for creamery. Cheese has been firm but quiet at
10%@13c. for State factory, full cream. Fresh eggs have been
in light supply for best grades, closing firm at 28^c.f or choice
Western.
Brazil grade oicoffee have been firmly held, sellers being
encouraged by a decrease in the movement of the Brazil
crop. Demand has improved slightly, and prices have shown
a hardening- tendency. The close was quiet at 5%c. for Rio
No. 7. West India growths have been in moderate demand
and steady at 8J^c. for good Cucuta. East India growths
have been quiet and unchanged. Speculation in the market
for contracts has been fairly active and higher on more
general buying, stimulated by a falling off in the receipts of
Brazil coffee. The close was easier with bear operators
more aggressive sellers. Following are the closing asked
prices
Nov
Dec
Jan
...
4-750.
4-75o.
4-85e.
Feb
March.
May
4 95o.
5-05o.
5-20o.
1159
June
5-30o.
July............ 5-35c.
Sept............ 5-450.
Raw sugars have been in good demand and higher, closing
at 3 13-16c. bid for centrifugals, 96-deg. test, and 3 5-16c. bid
for muscovado, 89 deg. test. Refined sugar has been firm and
higher, closing at 4'65c. for granulated. Teas have been firm
and higher for India and Ceylons.
Kentucky tobacco has been in fair demand, but owing to
limited offerings business has been held in check. The demand for seed leaf tobacco has been quiet, only a few unimportant sales being reported locally. Foreign grades of tobacco have had a moderate sale at steady prices.
The demand for Straits tin has shown no improvement,
and under moderate offerings prices have sagged, closing at
24-723^@24'95c. Ingot copper has continued to sell slowly
and prices have been easy, closing at ll-50@ll'60c. for Lake.
Lead has been unchanged and steady at 4'12)£c. Spelter has
declined, closing quiet at 5'20c. Pig iron nas been in fair
demand and firm.
Refined petroleum has been unchanged, closing at 7'80o. in
bbls., 9'10c in cases and 5'25c. in bulk.
Naphtha has been
unchanged at 9*05c. Credit balances have advanced to $1 89.
Spirits turpentine has been quiet and the close was weak at
53}£(354c. Rosins haye weakened slightly, closing at $1 75
for common and good strained. Hops have been quiet, but
at the close were fairly active and "firm. Wool nas been
firmly held*
from the South to-night, is given below, For the week ending
evening the total receipts have reaohed 319,868 bales,
this
igainst 841,448 bales last week and 318,686 bales the previous
week, making the total receipts sinoe the 1st of Sept., 1902,
3,236,978 bales, against 3,085,609 bales for the same period of
1901, showing an increase sinoe Sect, 1, 1902, of 171,369 bales.
4«eeij>U
at—
Mon.
Bat.
Wed.
Tutt.
Tkurs.
Sotai
Mri.
91,443
2,075
97,822
11.232
6,390
59,191
3.248
5,819
Galveston...... 11,335 14,459 25,774 14,565 14,051 11,259
2,075
Bab. Pass, Ac.
Sew Orleans...
17,1540 17,407 16,273 21,159 13,249 12,194
226 1,223
4,047 2,390 9,110 1,236
Mobile...—.
6.390
eensaoola, Ao.
-avannah ...... 10,050 12,804 9,885 9,395 9,678 7,379
...
......
......
••..*•
3,248
Brnnsw'k,Ao. ......
677
821
1,137
709
747 1,728
Jaarleston
Pt. Boyal.Ac
2,179 2,043 1,371
1,926
Wilmington.... 2,536 2,179
48
Wash' ton, Ac
4,283 4,586 4,848 3,336 1,897 2,606
Norfolk
......
2,684
«.«• ...... ......
N'p't News, Ac
540
415
157
156
143
426
New York.—..
412
39 2,033
13
163
267
3oston..... .....
„,
549
..
......
......
Baltimore
45
42
100
125
42
439
Phliadel'a, Ac.
.
.
12,234
48
21,556
3,684
1.837
2,947
549
793
.
Tot. this
week 51,495 55,323 62,367 54,719 41,783 54,181 319,868
The following shows the week's total receipts, the total since
1, 1902, and the stocks to-night, compared with last year.
Sept.
1902.
Receipts to
Nov. 21.
1,
1902
thii
week.
Since Sep
1, 1901.
91,443 1,018,016 67,866
2,075
28,430
1,987
few Orleans 97,822 831,745 100,011
11,232
92,011
6,249
" saoola.Ac.
41,068 14,882
6,390
Savannah... 59,191 608,936 54,297
Br'wlok.Ae.
3,248
50,054 10,849
5,819 129,355 12,982
Charleston..
P. Royal. Ao.
15
121
Wilmington. 12,234 203,779 16,012
48
216
Wash'n, Ao.
42
Vorfolk
21,556 194,272 15,858
2,684
10,127
N'port N.,Ao
1,329
4,398
New York... 1,837
8,010
2,947
11,738
5,745
649
Baltimore .
5,233
6,284
793
505
Phlladel.Ac.
7,585
1902.
892,998
17,669
824,987
81,464
53,918
555,821
62,947
120,146
1901.
219,945
184,956
350,332
32,477
289,846
29,346
150,479
3,818
15,192
143,082
10,578
39,476
14,458
12,546
6,819
39,900
25,450
28,925
9,987
31,176
2,157
85,813
30.000
3,772
6,840
30,262
1,111
78,997
35,000
14,680
5,580
319,868 3,236,978 323,059 3,065,609
946,459
865,460
Jalveston...
Sab. P., Ac.
Totals
Sioek.
1901.
Since 8e*>.
This
week.
480
153,955
218
190,425
In order that comparison may be made with other years,
lvegive below the totals at leading ports for six seasons.
at—
Heeeiptt
Glalves'n.Ao.
New Orleans
Mobile
..
Savannah...
Ohas'ton, Ao.
mim'ton.Ae
Norfolk
N. News, Ao.
411 others...
rot. this
wk.
1901.
1902,
1899.
1900.
1898.
69,853
100,011
6,249
54,297
13,103
16,084
15,858
1.329
46,275
102,705
95,831
4,895
26,435
8,440
10,748
9,151
1,727
23,153
98,842
64,901
7,282
43,117
9,599
7,231
19,085
319,868 323,059
283,085
93,518
97,822
11,232
59,191
5,819
12,282
21,556
2,684
15,764
18S7.
105,198
134,159
17,106
40,548
18,098
11,751
41,754
13,197
138.663
92,347
10,836
49,801
24,501
14,648
34,106
2,208
54,049
263,741
422,057
896,053
487
243
27,196
sinoe Sept. 1 3236,978 3065,609 3078,072 2822,853 4014,304 3741,831
The exports for the week ending this evening reach a total
of 211,760 bales, of which 81,407 were to Great Britain, 25,054
to France and 105.299 to the rest of the Continent.
Below
are the exports for the week and since Sept. 1, 1902.
Bxportt
from—
We«k Sndino Nov. 21.
Exported to—
0r««t
Brit'n.
Pau, Ao..
NawOrleam..
franc*
11.187
10.255
9,577
46,052
79
13,211
4 290
100
34,273
5,436
Brnmwlok
80,001
79
33,043
Wilmington...
Norfolk
N'port N.. Ac.
New York
......
23,842
57,628
38,319
16,560
14,236
63,419
2,100
....
••••••
••*••«
5,198
601
7,937
3,660
11,697
203
7,527
66,476
23,588
34,973
5,681
2,010
6,621
15,635
13
939
2,010
-anFran..**..
....
314.898 119,392
6,182
233,616 69,698
19,137
2.100
939
Philadelphia..
Nov
21. 1902.
Oenti-
nmt.
238.316
17.125
162,527
7,648
;
,
6,860
48,069
872,606
23,807
485.741
26,780
37,973
366,208
40,179
63,629
127,391
194,062
3,900
9.C98
66.086
138,571
24,368
14131
26.176
2"-
282 504
......
14,236
7,824
«V>tall80l
5,536
49,071
......
Charleston...
Port Royal...
Sept. 1. 1902. to
Exported to—
Mobile
10,608
From
Conti- Zetal
Irmnee
nuity Wt«k. Brtttin.
22.762
Sab.
1902.
81,407
25,054 105,299 211,780
99.213
89,966
3,212
601
6,069
......
770
....
7,604
•
1.050
41.293
48,577
16.688
41,306
913,795 244,587 1,025,219 2,183,681
98,444 237,823 1,058,622 274,073
860,888 2,183,563
.. .
.
.
«
.
THE
1160
1
I
©
.
1
:
OflROIVlGLJft.
In addition to above exports, our telegrams to-night alio
give us the following amounts of ootton on shipboard, not
add similar figures for
cleared, at the ports named.
Slew York, whioh are prepared for our special use by Messrs.
SPutttbes.
[Vol.
LXXV.
—Highest, lowest and closing prices at New York.
We
L»mbprt & Barrows. Produoe Exohanffe
Buildinor.
OH 8HTTBOA.BD, ROT CLEARED FOR—
Leavino
Nov. 21 at—
Other CoastGreat
GerBritain Fr'nce many. For'gn wise.
Sew Orleans.
Galveston....
Savannah.
24,063 24,872 14,071 23,995
50,403 13,562 4,492 15.873
3,600
12,000 1,900
...
Charleston
Mobile
7,102
1,850
stock.
Total.
86,501
91.232
18,850
263,831
128.713
131,629
13,200
12,000
1.150
21,000
15,192
19,277
19,176
84,663
40,045
. .
4",506
7,606
i",7o6
New York
500
650
Other ports
7,000
2,500
2,500
9,000
12,000
I
1
I
585,930
588,585
Total 1901.. 119,838 31,604 42,420 55,101 20,567 269,530
68,975 33,489 76,504 21,160 21,715 221,843
Total 1900.
Speculation in cotton for future delivery has been fairly
and there has been a sharp recovery in prices. The
selling for the account of discouraged speculative holders to
liquidate their accounts practically ceased at the close of last
development that has had considerable influence in
week.
favor of the market has been the crop movement, the reoeipts falling below expectations, and this has stimulated
buying for the account of shorts to cover contracts. The
weather reports from Texas also have had a bullish influence
upon the market, complaint being received of too much rain,
and that the late growth of bolls was not opening.
Increased outside speculative interest has been shown in the
market and the decrease in the crop movement, and tbe reports that the late growth of cotton in Texas was not developing properly induced buying for investment account. The
Agricultural Bureau is expected to issue on December 3 a
bullish estimate of the yield of the present crop and there has
been some buying in anticipation of this report. The Southern spot markets have been reported as holding firm, with a
fairly large business transacted with both domestic spinners
and exporters. To-day the market opened at a slight decline
in response to disappointing advices from Liverpool. During
the day, however, there developed moderate buying for the
account of room traders and outside interests, and prices advanced. Later in the day, under realizing sales, the market
reacted, closing barely steady 2 points higher for November
but unchanged to 2 points lower for other months. Cotton
on the spot has advanced, closing at 8'50c. for middling up-
1
i
i
702,526
Total 1902.. 106,116 89,834 34,563 46,268 17,152 243,938
a
1
»
1
I
i
I
I
9
I
1
l
I
I
I
I
middling
may
bp delivered oi oon tract.
Fair
c.
Middling Fair
Strict Good Middling
Good Middling
Strict Low Middling
Low Middling
Strict Good Ordinary
Good Ordinary...
1-30 on
art
Goo<l Middling Tinged ..c.
Strict Good Mid. Tinged..
096 on
Even
30 on
Middling Tlngei
006 off
Middling Tinged
IS ofi
014 off Striot Low Mid. Tinged. 034 OB
0-38 off Middling Stained
0-50 of
072 off Strict Low Mid. Stained... 106 ofl
1-00 off Low Middling Stained
1 50 off
Onthls basis the official prices for a few of tne grad< 6 for
the past week— Nov. 15 to Nov. 21— would be as follow
0-62 on
0-44 on
1
8
Stood Ordinary...
..
Middling Fair
GULF.
Sat..
8 -so
8-50
8-72
9-20
894
946
s-94
Jttou 'run* "Wot
Vb..
7-65
8-27
775
837
8-65
8 97
9-45
8 75
837
8 75
tf-19
9 19
971
9-71
797
835
a -62
8 67
910
916
7-85
Good Ordinary.
7v5
755
760
Low Middling..
8-17
8-17
8-22
Middling
8*55
8-«o
Good Middling.
S-87
8-55
8-87
935
935
Middling Fair..
STAINED.
_
Middling
Low Middling Tinged.
Good Middling Tinged
,
(Strict
,
c-92
9-40
740
802
7-SO
Mou T«)*5 Wod
8*t.
.—
VFfeti
8-4C
7-30
7-92
8-30
862
910
Middling.....
C. Kill
.
750
812
7-92
8-30
Low Middling....
.
8 12
730
-
Low Middling
Good
.
.
UPLANDS.
Middling
Strict
680
680
6 85
7-80
7-96
8-30
7 80
785
801
835
796
830
S
46
Fr;
7
75
Sf'fc
8-16
8 00
8-16
840
850
8
700
50
for middling upianu at JNew iu,t or
Nov. 21 for each of the past 82 years have beer, as fo'lows
1894. ...0. 513 18 1886. ...o. 93 18 1878. ...o. 938
1902.... o. 8-50
113 J6
715 16 1885....
97 16
1877
1901
8
1893
lOifi
12
,10*4
1892......
1884
1876
1900
9'ie
10i«
1883
1875
1338
1891...,.,,.. 8»«
1899
7»is
..10*8
1882
57, 6
1874
1S90..U... 97, 6
1898
14'a
513 16 1889, .....lOi*
1881
1897
ll'&ie 1873.... r .15«8
19is
1U 16 1872
1880
1888
10
1896
„
7»d
12i«
1*84
1879
838
1887
1871
1895
103a
NOTE.— On Oat. V, 1874, grades of ootton »b quoted were. aha.ug»'.i
according to the new classification Middling was an that day quoted
3go lower than Middling of the old olsHBiticatlon
.
Ski,.-.r>
I
'.
s*ondfti
.
Qniet
Steady
.
Oontump.
I
lv,oBBl>
Steady
Steady
Tuesday . Quiet, 5 pts. adv. Steady
Wednesday Quiet, 5 pts. adv. Very steady.
Thursday Quiet, lo pts. ad. Very steady.
Friday
iB'rly steady.
Quiet
Saturdav
Ol fJPOT
U.OlTBAi'l
Ooniract.
740
740
190
1,900
2,090
100
*22
100
2,000
2,952
*22
.
Total.
iB
Kit!
ttAJftKE
740
212
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The Visible bUPPLT of (Jotton to-night, as made up
,
I
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and telegraph,
'
tsj
as follows. Foreign stocks, as weli
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-nlgbt
Nov. 21), we add the item of exports from the United Statet
Including in it the exports of Friday only
i89£f
1901
1902
1900.
uwms* at Liverpool. .,_ bales. 347.000 358.000
430,000 796,000
;able
1b
ctooh at London
7.000
Total Great Lrltain etook. 354,000
Ktook at Hamburg
9.000
......
stook at Bremen
89,000
it-ook at Amsterdam
.....
......
Stock at Rotterdam ......
- ..-..
•itook at Antwerp
5,000
Stock at Havre. .......
63,000
..
itook at Marseilles
2,000
Stock at Barcelona
36.000
jtock at Genoa
24,000
ftook at Trieste
3,000
Total Continental stocks.
231,000
Tetal European stocks...
585.000
.ndlft cotton attoat Hor Europe
24,000
imer ootton afloat for E'rope 701.000
6,000
364 000
12,000
61,000
2,000
15,000
445,000
15.000
110,000
798,0(10
200
200
25.000
194.00C
1.00c
4.000
4,000
175,000
63,000
98,000
2.000
2.000
4,000
61,000
25.000
63,000
13.000
28,000
10,000
2,000
9,000
4,000
211,000 269,200 501,2 >P
576.000 714.200 1.299,200
46,000
1,000
12,000
942,000 733.000 495.000
76.000
««ypt.Brazll,<fco.,arlt.for E'pe
57.000
60.000
55.000
stock in Alexandria, Egypt.
132,000 168,000
137,000 157,000
itook In Bombay, India
133,000
91.000 148,000 183,000
Stock In United States ports.. 946.459
855,460 810,428 1,015.398
itook in U. 8. Interior towns. . 879,379
624,260 605,802 766,193
15,690
rjnlted States exports to-day.
42,860
30.459
58,567
Total visible supply
3,196,297 3,370,287 3,289,280 4,039,481
Of the above, totals of American and other descriptions are as follow s
3,00 e;
.
.
6 90
7-90
8-06
700
800
The quotations
spot Market
Closed.
CD
9
I
«j«a
oooo
A
The races on ana oif middling, as established Jtto v, 20, 1902
by the Revision Committee, at which grades other than
coco
toto
a
active
lands.
X
o
_
American—
272,000 289.000 373 000 703,000
205,000 173.000 230,000 4^8,000
701,000 942,000 733,000 495,000
United States stock
946.459 855.460 810,428 1.045.398
766,193
7alted States interior stocks. 579.379 624,260 605,802
15,«90
42,850
30,459
58,567
JnltedStatee exports to-day..
Total American
2,784,297 2,942,287 2.795,080 3,483,281
Matt Indian, Brat\L, «Jc—
93,000
69,000
57.000
.-.verpool stock
75,000
2,000
15.000
7,000
UHidonstook...
6,000
._
43,200
39
38,000
28,000
Xmtinental stooke
„....
1,000
43.000
12.000
24,000
(ndla afloat for Europe . ......
76,000
57.000
55,000
60,000
4gypt, Brazil, Ac. afloat......
158.00P
132,000
157.000
•took in Alexandria, Egypt... 137,000
148,000 183,000
91,000
itook In Bombay, India....... 133,000
49 4,200 r>5«,200
Total East India, Ac ...... 462,000 428,0 JO
Total Amerioan
2,734,297 2,942.387 2,795,030 3,4*3.281
Total visible supply
3,196,297 3,370,287 8,289,240 4,039,481
4i3 3a d
47 S3 d.
5 n«d.
middling Upland. Liverpool..
4-54d.
7»%e
10»*o.
middling Upland. New York..
8-50o.
8o.
6d.
7*34.
73 lfl d.
igypt Good Brown, Liverpool
5^1
738>1.
7d.
73ed.
6-90d.
ferny. Bough Good, Liverpool
5 7sL
i.-oach Fine, Liverpool.......
4733,1.
4\d.
43i 6 d.
426 S9 d.
3i6i 9 d.
47 ia d.
o^a.
c:nnevelly Good, Liverpool...
Continental imports past week have been 81,000 bales.
The above figures indicate a loss In 1902 of 173,990 bales
as compared with same date of 1901, a decrease of 93,983
bales from 1900 and a decline of 843,184 bales from 1899.
..iverpool stock
bales.
.iontinental stocks
_«»
American afloat for Europe...
..
'
November
THE CHKONICLE.
22, 1902.
At the Interior Towns the movement — that is the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1901—is set out in detail below.
Quotations for Middling Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for eaoh day of the week,
CLOSING QUOTATIONS FOR BfTDDLINO COTTON
Week ending
£ o P » 5 a * B S"8° i-i n
x ii a b-B 22.2.2.5TO
a
te-2
eg
a§B*3.*§S5
- ss
iliiiMilli Bilpi
r^O © •—
g-
©
s
y»Sa>
-
w
Nov. 21.
So
lis 9
B
1
9S
• -is
a>
M
tr>'.
S3:
B:
.
P
©
©
99
31
.
tOW^ COtO**"" ©
1
<-•
to to
>-'**»
*5'
— a«©aia«CTcoo3-»©— cvoao»oou'i^a>atviO
-J»0;*-JI-'l->COtO©l-*»4©CO^^tOao© — C0t0t0t0CCt0»]0Dl^O3»C*
4x^(X©COtC>- ©0««JPf»^*0>*"tOC©tOil«1-'CC©f3Wl^-a><>
—
to
co
m eo^o to w top j3hw«»wmomm«
©
co
V>'co
19
03
kS>->k3l->MM
© m © — ""^ to aoj
33 n< co co ©
Wl^li
»33^©tO©33tO©,
7%
7%
Philadelphia
8 30
7?8
8-55
8-30
7'a
8*55
Augusta
7\
7%
7'8
8*30
7 's
8-60
7 T8
70s
Louis
Houston....
7i»e
78s
70s
7"ie
7%
Cincinnati
7»n
8
8
7i«
7
.
—
5
7%
Columbus, Oa.
7 1*
Nov'bkr—
*"
**
January—
© tv *» CO © -J « tO » CO © —
©totoosai-'i-'tc*. o.*oac©(»ji* w»c«o«c»©to^;Jja5*©aDto»o
C0*CO CO V H <B *• « ©H'*O3©COCO^00»0*'©
jo eoVlV 0< © CO W 03 CO
aoaD©*)tOl^-WWr-f-^QOWCu©CO^O<0>tO*'WtO^»CO^CO©W<I
MOtOl^COtOCO—
Range
Closing...
>&•
If-
co
©
©co
to
«Ve to <l'» ~*V ao — an « «*©
,
5
:,
o>
" to «•
<-•
**
w
HHtOHM
Spots
w
»
Oybbland Movkment fob thb Week and 8inoe Sept, 1,—
a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
The results for the week ending
reports Friday night.
Nov. 21 and since Sept, 1 In the last two years are as follows.
We give below
1901
1902.
Week.
Sines
Week.
Mept. 1.
Sine*
8ept. 1.
Shipped—
30,771
10,376
84
1,200
6.538
Via Cairo
62,999
384,229 73,518
452,802
6.126
521
455
28.954 20,544
892
7,394
13,764
2,858
104,262
17,678
15,707
7,102
50,112 24,294
137,647
55.897
334,117 49.2Z4
315,255
12.140
Ac.
Between interior towns
Inland, &c, from South......
Total to be deducted
Leaving
1,197
7,045
246,685
43,208
11,782
45,533
26,115
79,479
1.890
Deduct shipments—
Overland to N. Y., Boston,
189,630 36.398
5.918
60,059
2,247
8,476
5,361
14,618
Via Cincinnati
total net overland
38.296
7,499
80,503
The foregoing shown that tae week's net overland movement
year aas been 55,897 bales, against 49,224 bales for the
in 1901, and Vi&\ tor the season to date the aggregate net
overland exhibits an excess over a year ago of 18,862 bales.
this
week
1901.
1902.
In Sight and Spinners
Takings.
Week.
Sine*
Mept.
Week.
1.
Sine*
Sept.
1.
319,868 3,236,978 323,059 3,065.609
55,897 334.117 49,224 315,255
Southern consumption to Nov. 21. 40,000 473,000 85,000 403,000
Total marketed
Came into
415.765 4-Old.nftR 407.283 3,783,864
27,584 516,301 22,715 494,955
sight during week.. 443,349
Total in sight Nov. 21
Movement
Week—
1900— Nov. 23
1899-Nov. 24
1898-NOV. 25
1897-NOV. 26
429,998
4,566",396
North'n spinners' tak'gs to Nov.21
64,591
584.385
4,278,819
86,057
561,163
into sight in previous years.
Bales.
I
378,930
400.468
646.410
517.602J
I
1
Since Sept. 1—
23...
1900— Nov.
1899— Nov.
1898— Nov.
1897— NOV.
8
7*
7>4
7H
7 78
71B le
She
Columbus, Miss
Euiaula
7>t
76s
Nashville
Natohez
7Uu
Louisville
8
Montgomery...
7°8
Raleigh
Shreveport
7*8
7*8
7«s
Nov. 17.
-
-
Nov. 18.
Nov. 19.
_
Nov. 20.
—
Nov.21.
— 9 —
» _ 7-71® -76 - 9
- 9
7*68»-70 7-74®-78 7-75 » -76 7-809-95 7-889
-
-
7'679*73 7'73»-79 7-809-93 7-81991 7-969-09 8-00909
7-709 71 7-77»-78 7'86*-87 7-909-91 8-089 09 8039-04
7'87»01 7-909-99 805918 8 099 18
7-84®85 7'94«-95 7-989-99 8179-18 8-129-18
Easy
Quiet
Firm.
Firm.
Steady.
Steady.
Firm.
Firm.
Steady.
Steady.
Steady.
Quiet.
COH'l-'tO
show that the interior stocks have in27,584 bales, and are to-night 44,881
week
the
creased during
bales less than same period last year. The receipts at all the
towns have been 8,975 bales mure than same week last year.
21.
8
7*
Sis
7 £*
.
totals
November
7 13 l«
8
7*4
7*8
8
Tone—
to
to
The above
71S 18
7Hi«
8i, e
Range... 7-79«'84 7-858 -90 7-91*06 7959-03 8109-22 8149-24
7-819-82 7-88*'89 7-99» - 802903 8-219-22 8169-17
Closing
4?
8
Options..
_ _
7%
8ig
8-75
Range.... 7-759-80 7-819-87
XS-3-©~-)^w3aDCo-ji-'Oi«4Cto©©to©»toco«)to«e*i*
»o
7\
860
8
8-75
Monday, Tuesday, Wed'day, Thursd'y Friday.
Closing... 7'77®-78
5koe:ototBtocoto^to^i^to^icj>aDi-'0*'i^co»tO©toifr.©i^p-'-j
<j
840
Nov. 15.
May—
J
J0»* M^ c » .o J ^s ?
wlo © to jc to © to'acoVl © &3toco ©
s
to tots
8-35
7'8
8-65
7*8
Sat'day.
March—
©<*
iSi--3to--©S-j<i<lCDiy'©©c>'C)'CDa<©i-i©toi^ife©aito^«Mto
h-ai-'i^^
8
7 13 18
7'65*-70 7-719-75 777»-89 7'78»-85 7-92903 7-93903
Closing... 7-67«-68 7-74«-75 7'83*-84 7-85®'86 801903 7-959-97
ft Co
COCCX
8
7*4
8li«
7%
7%
7H
7
Dec'bkk—
Range
1
(.ro^a
8
- 9
Range....
Closing... 7-61*
8^
t0k0W©CUt0i-'©C0t0<l
»C0tt
7 "l«
8
7*8
7*4
7«*
7*8
7"l6
78b
7«8
70s
7
8
Fri.
—
5*
?
Mccooao©ao»j» — eotoctoaoi^coaoco-a©
Hi
8i i6
Athens....
Atlanta...
Charlotte
to
a to to u hV« '-•co1o*-V— ik":c '»« co'jca
»j:ao3»3*-i(M-'M^oi^ce^co**©^M-;coe£
CO
M
© MCO**«A
*».«qCO
..
Rook.
to
S0i*.0>l->tt»3©©».
CO
COM
I6
7**
New
COM^ICC t0C0l*_O>^C**»C0
10» C0t0©«)©t0
-1
;
03
^^o< — —
«o
7i«
70s
70s
^u
7
9
Zi?"
7"i«
7"ie
ON—
Orleans Option market. The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
W»
»* -i'mV h co -j to it^ tn
mVs «j oiVTco Vo*;o © ©V ©
<jo,ik©coto©OD©i-K-iotDw«aco--©©y»to©i*©Coco©i^<»aoco
mVa
788
7»a
Thur:
The oloslng quotations to-day (Friday) at other important
Southern markets were as follows.
©c
to^^w©WM«to»o©©i*e><«©c*co©^co203eo^«3©to-J©*»
J ifcCOaoW
7%
718u
7>*
79xe
79l«
Wednes.
THtt.
7%
7%
Little
f&
ec^w
7<»B
Memphis
:
^©top
cb odV uVm ^(bc« yt"«Dao"sa"bi"«o"<c'co'o< - V>^ w © "v"-J to © m -j h »
— <x»oc3i-'aBei)oow
tcoito
7*
New Orleans
Boston
Baltimore
.65
igg
Galveston...
St.
W
•J
>
Q
M
hOh
isi
Man.
Satur.
Savannah...
Charleston ..
Wilmington.
if
1161
24...
25...
26...
Bales.
4,406,248
4,187.236
5,260,264
4,964,545
Weather Reports by Telegraph.— Reports tons this
evening by telegraph from the South indicate that rain has
fallen in most districts during the week, but that on the
whole the precipitation has been light. In some sections in
the Southwest and along the Atlantic, however, wet
weather has interfered with the gathering of the crop. The
marketing of cotton has been upon a fairly liberal scale.
Galveston, Texas.— Owing to continued rains planters are
giving up all hopes of any top crop or second growth. Showers have fallen on three days of the week, the rainfall being
one inch. Average thermometer 67, highest 80 and lowest 54.
Palestine, Texas. There has been rain on two days daring
the week, to the extent of forty six hundredths of an inch.
The thermometer has averaged 58, the highest being 78 and
the lowest 38.
San Antonio, Texas. There has been rain on three days
during the week, the precipitation reaching one inch and
sixty-four hundredths. The thermometer has averaged 61,
ranging from 42 to 80.
Corpus Christi, Texas. It has rained on two days during
the week, the rainfall being one inch and seventy- four hundredths. The thermometer has ranged from 52 to 82, averaging 67.
Fort Worth, Texas. There has been rain on two days during the week, the precipitation reaching twenty- two hundredths of an inoh. Average thermometer 53, highest 68 and
lowest 38.
Paris, Texas. The weather continues wet.
New Orleans, Louisiana. Rain has fallen on one day of the
week, the rainfall reaching twenty-two hundredths of an
inch. The thermometer has averaged 67.
Shreveport, Louisiana.—First light frost on the 19th. We
have had rain on two days of the week, the precipitation
reaching ninety-three hundredths of an inch. The thermometer has ranged from 44 to 79, averaging 62.
Columbus, Mississippi. There has been rain on one day
during the week, the precipitation being twenty five hundredths of an inch. Average thermometer 57, highest 70,
lowest 45.
Vicksburg, Mississippi. There has been rain on one day of
the week, the precipitation reachiDg thirty- two hundredths
of an inch. The thermometer has averaged 62, the highest
being 82 and the lowest 45.
Oreenville, Mississippi. We have had moderate weather
during the week.
Meridian, Mississippi. Weather has been favorable for
maturing and gathering of cotton. Receipts curtailed by
scarcity of cars. We have had rain on one day of the week.
The thermometer has ranged from 45 to 70.
Helena, Arkansas.— Light frost during the week did no
damage. There has been light rain on three days, the precipitation reading sixty seven hundredths of an inch.
The
thermometer has averaged 65, the highest being 75 and the
lowest 88.
Little Rock, Arkansas.— Picking checked by rains.
We
—
—
—
—
—
—
—
—
—
—
THE CB&ONICLE.
1162
highest 68, lowest 42.
—
Memphis, Tennessee. With the exception of the early part
of the week, when bad weather interfered, picking has made
good progress, and marketing continues on a liberal scale.
There has been rain on three days of the week, the precipitation reachiug eighty-nine hnndredths of an inch. The
thermometer has averaged 57 8, ranging from 42*2 to 71-2.
We
Nashville, Tennessee.— Picking has been completed.
have had rain during the week, the rainfall being fifty-three
hundredths of an inch. The thermometer has ranged from
45 to 76, averaging 60.
comparison.
1902.
8
Twist.
d.
We
to 79.
Augvsta,\Georgia.— We have had rain on two days during
The rainfall reached ninety-three hundredths of
an inch. The thermometer has ranged from 51 to 79, averaging 63.
Stateburg, South Carolina.— Latter half of the week has
been cloudy and cool and unfavorable for picking. The
week's rainfall has been one incti and thirty- three hundredths
of an inch, on two nights. Average thermometer 64 6, the
the week.
Nov. 20, '02. Nov 21, 01.
80
01
15
1-7
10
20
15-0
6-2
India Cotton Movement fbom all Pobts.— The receipts
of ootton at Bombay and the shipments from all India ports
for the woek ending Nov. 20, and for the season from Sept, 1
to Nov. 20 for three years have been as follows:
1902.
Heetipt* at—
Sine*
Week.
Since
Week.
Sept. 1.
16,000
1900.
1901.
57,000
Sept. 1.
13,000
115.000
For the Week.
Since
Week.
Sept. 1.
12,000
Since September
50,000
Great
Continent.
Britain.
Great
Britain.
Total.
Continent.
4,000
3.000
5,000
4,000
3.000
5,000
2,000
2,000
2,000
2,000
2,000
10,000
Madras—
1902
1901
1900
All others—
1902
1901
1900
i",6oo
2.000
3.000
2,000
2,000
3,000
3,000
1.000
8.000
6,000
9,000
8.000
6.000
10,000
2,000
d.
s.
a.
d.
468
4-64
7*9 4'52
7k 4'44
7i« 4-54
41*98 3
®8
5 3*a98 2
»7'8 5 3 08
7
6\ «7H 5 11*08
97 101*
6«e 97i* 5
97 9
6"i 6 »7i* 5
7i«
m
d.
429
M
4 u ie
4 7 1*
* 5 1«
5
2
5
lifl©7
re-
marked New York for re-shipment.
Committee oh Trade,
Geo. W. Baily, Chairman.
New York Cotton Exchange.—The Committee on the
Revision of Quotations of Spot Cotton of the New York Cotton Exchange at a meeting held Wednesday fixed the rates
at which cotton other than middling can be delivered during
the ensuing year.
Changes made have been confined to
grades above middling, the difference being increased
0'16c. on fair and middling fair; 0' 12c. on strict good middling and gooi middling, 0'06c. on strict middling and
The new rates on and
O'lOc. on strict good middling tinged.
off middling went into effect Nov. 21, and are as follows:
Fair, l*80c. on; middling fair, 0*98c. on; strict good middling,
44c. on; strict low middling,
0'62c. on; good middling,
014c. off: low middling, 0'38c. off; strict good ordinary,
72c. off; good ordinary, lc. off; strict good middling tinged,
0'80c. on; strict middling tinged, 0'06c. off; middling tinged,
34c. off; middling
0'12c. off; strict low middling tinged,
stained, 0-50c. off; strict low middling stained, l'06c. off;
low middling stained, l*50c. off.
Exports of Yarn from India to China. We give below
a statement of the shipments of yarn from India to China
during the first six months of the calendar years 1879 to 1902,
To Jew
26,000
21,000
68,000
28,000
21.000
73,000
8,000
3,000
10,000
8,000
3,000
10,000
1,000
3.000
2,000
1,000
3,000
2,000
23.000
20,000
23,000
23.000
20.000
25,000
58.000
47.000
98,000
60,000
47,000
110,000
-
Alexandria Receipts
Alexandria, Kavvt,
November
d.
4-72 7B 18 ©83 1S 5
Shipping Instructions— Bills of lading and original shipping
Total all—
1902
1901
1900
Uplds
to finest.
ceipts should be
1.
Bombay—
1902
1901
1900
Calcutta—
1902
1S01
1900
d.
d.
Skirt- Oott'n
common Mid.
lines.
Mmportt
from—
d.
lbs.
Fibst— If re-shipment to Eastern mill points, the through rate from
the original point of shipment, of the ootton to the point of destination, to be same as in effeot on a continuous shipment from original
point of shipment to destination, via New York applying via the line
or lines, over whloh the ootton moves to New York, on the date of
issue of bill of lading, for re-shipment of oottonjfrom New York, provided, however, that the lines from the original point of shipment to
New York shall not be required to aooept less from original point of
shipment to New York than they would have reoetved on continuous
shipment via New York, in case the rate« beyond New York should be
higher on ootton re-shipped from New York, than would be chanted
on a continuous shipment from original point of shipment to a point
of destination, via New York, on the date of re-»hipmeat.
And further provided, thac the lines from the original point of shipment to New York shall not be responsible for prompt forwarding to
destination by carriers beyond New York.
Second.— Re shipment must take plaoe within ninety days from date
of arrival of ootton in New York.
Third— This arrangement does not include any storage or lighterage
charges other than those that would have been borne by the transportation line If the shipments were continuous from polut of shipment to point of destination, and no responsibility whatever shall rest
upon the line from original point of shipment to New York after the
ootton has been landed upon a wharf of the warehouse designated by
the consignee or provided for In the bill of lading.
Foukth -When re-shipment of ootton is made, the shipper shall present to the steamship oompany bringing the ootton to Sew York the
original expense blU and warehouse reoeipt, aooompanled with an
order to move the shipment to whatever destination desired, upon
payment to Morgan or Mallory 'lines of the lighterage oharge from
the warehouse to the forwarding company from this port and the difference between the New York rate and the through rate in effeot
from original point of shipment to destination via New York.
Fifth— The re shipment of cotton'at the port of New York shall apply
to all points shown In arbitrary tariffs of the Morgan and Mallory
—
Feet.
s.
Twist.
points.
highest being 79 and the lowest 53.
Greenwood, South Carolina. We have had rainduriag the
week, the precipitation reaching one inch and fifty hu ndredths of an inch. The thermometer has averaged 61, rang
ing from 51 to 72.
Charleston, South Carolina.— Rain has fallen during the
week to the extent of ninety-eight hundredths of an inca, o a
two days. Average thermometer 66, highest 79, lowest 56.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o'clock Nov. 20, 1902, and Nov. 21. 1901.
41
d.
8H
32* Oop. ings,
Uplds
to finest.
b.
OotCn
issued a circular embodying the re-shipping privilege allowed
by the Morgan and Mallory lines, can ying cotton from Texas
points. The subject covered is of suoh general interest that
we give the circular in full below without speoial remark
beyond referring the reader to the comments made in the
Chronicle of Sept. 20, 1902, page 579, the issue in which the
previous circular of the committee was published.
To the Members of the New York Ootton Exchange:
The Committee on Trade takes pleasure in announcing that the Morgan and Mallory lines, carrying cotton from all points la Texas via the
Port of Galveston.|agree to allow the re-shipping privilege of cotton at
the Port of New York to all Eastern mill points under the following
conditions: Ootton shipped to New York, and there delivered in aooordanoe with and upon surrender of bill of lading, and paying the
freight to New York at the tariff rate from point of shipment to New
York, may. upon surrender of paid expense bill to the steamship line
bringing the ootton Into New York be re-shlpped t ojall Eastern mill
—
4*4
Shirt-
common Mid.
97
4s;«
5 H*»7
* 18W
New York Cotton Exchange— Re-shipping Privilege
Allowed by Texas Lines,— The Committee on Trade of
the New York Cottoa Exchange, under date of Nov. 20,
averaging 62.
Selma, Alabama. —The week's rainfall has been one inch
and thirty hundredths, on two days. Average thermometer
62, highest 77 and lowest 43.
Savannah, Georgia, There has been rain onjthree days of
the week, the precipitation being sixteen hundredths of an
inch. The thermometer has averaged 68, ranging from 55
Feet.
d.
Nov. 7 7l la »8
•• 14
7iie»8
" 21 7li«»8
—
.......Above sero of gauge.
Memphis. ............. .Above zero of gauge.
Above zero of gauge.
Sash ville. ...... ,
Shreveport....
Above zero of gauge.
Vloksburg.. ..
Above zero of gauge.
lbs.
1901.
Oo.l7 73 18 »8iis 5 21*97 9
•<
24 73 16 »81ie 5 2k»7 9
" 31 73i 6 ®8l 16 5 2>s»7 9
Alabama.— Heavy
Hew Orleans
k
32* Oop. ings,
rains in the interior early in the
week.
have had rain on one day during the week,
The
the rainfall reaching twelve hundredths of an inch,
thermometer has averaged 65, ranging from 48 to 81.
Montgomery, Alabama. There has been rain on one day
during the week, the precipitation being seventy hundredths
of an inch. The thermometer has ranged from 43 to 80,
Mobile,
LXXV.
Manohesteb Market.— Our report received by cable
to-night from Manchester states that the market continues
firm for yarns and steady for shirtings. Manufacturers are
generally complaining. We give the prices for to-day below
and ieave those for previous weeks of this and last year for
have had rain on three days the past week, the rainfall being
three inches and fifteen hnndredths. Average thermometer
55,
[Vol.
2,000
12,000
1902.
19.
—
Shipments of Cotton.—
a.nd
1900.
1901.
inclusive:
Receipts (oantars*) —
This week
.......
9lnoe Sept. 1
JANUARY
310,000
2,566,000
TKU
Since
week.
Sept. 1.
j
I
This
week.
Since
Tkit
Sept.l.j week
I
,
Sine*
Sept. 1.
90,000
60,000
Total Europe
21,000 203,000 28,000 182,000 82,000 150.000
* A oantar Is 98 pounds.
t Of which to America In 1902, 18,986 bales; In 1901, 22,946 bales;
In 1900, 13,048 bales.
TO
j
one
1885.
1886
»
1887
1888
1889
1890
23,338
34,660
27,878
34,361
44,329
60,201
72,880
99.723
100,797
120,644
125,685
149,973
30.
To China (bates
400 lbs. each.)
400 lbs. each).
1879
1880
1881
1882
1883
1884
Exports (bales)—
To .Liverpool........ 9,000 111,000 12,000 71.0OOI 24,000
12,000 92,000 16,000 111,000 8,000
To Continent t
1
To China (bales
275,000
1.847,000
310,000
2,335,000
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
193,287
185,452
178,574
176.213
170,480
2^0,372
142,965
194,896
305.263
161.177
256.211
318,367
.
November
news.— As snown on
a previous page, the
•zporti of ootton from the United States the past week have
reaohed 211,760 oales. The shimnents In detail, as made up
from mail and telegraphio returns, are as follows:
Total baits.
482....
New Yobk—To
Liverpool, per steamers Bohemian,
Cymric 3,552 upland and 90 Sea Island.. .Nomadic, 2,459
To Manchester, per steamer Camoens, 1,070 upland and
230 Sea Island
To Paisley, per steamer Ethiopia, 50 Sea Island
To Bremen, per steamer Bremen, 1,308
To Barcelona, per steamer Massllia, 100,
To Genoa, per steamerss Citta di Torino, 928.. .Hesperia,
6,587
1,300
50
1,308
100
7*5
1,653
To Naples, per steamers
Citta di Mllano,
.00
Massilia,
N«w Orleans -To Liverpool- Nov. 15— Str.
Navigator, 3,929.
To London— Nov. 15— Steamer Colombian, 3,726
ToHnll— Nov. 15— Steamer Montauk, 2,600
To Havre— Nov. 14-Steamer Salfordla, 9,577
To Bremen— Nov. 14 Steamer Sand send, 5,411
Nov. 20—
To Antwerp-Nov. 14 Steamer Otoyo, 400
Steamer Colonies, 1,250
To Barcelona -Nov. 14 -Steamer Otoyo. 600
To Oporto-Nov. 17— Bark Fortuna, 300
To Genoa -Nov. 14— Steamer Oleta, 3,800
To Naples— Nov. 14-Steamer Oleta, 1,450
Galveston— To Liverpool—Nov. 14-Steamer Iran, 14,102
—
Liverpool. By cable from Liverpool we have the follow lng statement of the week's cables, stocks.'ftc, at that port.
Oct. 31.
tales
of the week
..bales.
exporters took...
Of which
Of whloh speculators took.
Sales American.
Actual export....... ......
—
Forwarded
...
Total stook— Estimated
Of whloh American— Est'*!
Total Import of the week
Of which Amerioan
Amount afloat..........
17-8teamer Roland, 1 351
To Hambnrg-Nov. 13-Steamer Fert. 1,073
To Copenhagen— Nov. 1 3 Steamer Sarmatia, 1,000
TO Genoa— Nov. 17-8teamer Balilla, 7,700
To Vera Cruz— Nov. 17-Steamer Normandle, 400
Sabine Pass— To Bremen— Nov. 3-8teamer Huntollff
prices of spot ootton,
4-44
416
4-43
4-54
5,000
8,000
8,000
7.000
500
500
8,000
500
7,000
200
500
300
Bat'day.
Spot.
Market
lales
Spec.
p.
m
Aexp.
(addi-
Market
opened.
Market,
4 p. u.
1,454
556
1,021
......
79
.....B
......
5,536
49,071
14,236
2,100
...B3
Man.
Th*».
12
13
15
12
14
15
17
15
21
15
26
30
Havre
Bremen
e.
c.
17i«
17%
Hamburg
c.
15
21
15
26
34
15
21
15
e,
...e.
Reval, lndlreot..e
26
Reval, via Canal. e.
30
Baroel'na.indVt.e. 30-321* 30-321*
Genoa
e.
Trieste
Janan
e.
(via Suei).e.
18@20
18920
27
45
27
45
Quotations are cents per 100
lbs.
2010
1,021
4, tOO
1,021
4,600
400 5,621211,760
the past
Satur.
c.
Ghent
Antwerp
•
939
7,527
have been 41,298 bales from
New York
Manchester
...c,
......
.... ..
......
6,903 16,863
12
14
15
Liverpool
661
30
week have
Wednes. Thurt.
12
14
15
17
15
21
15
26
30
30
12
14
15
16
15
31
15
36
30
30
18920 18920 18920
27
45
27
45
27
45
bee?
Fri.
12
15
15
15
15
21
15
26
30
30
18
27
45
Steady
Quiet at
\
)
l
S
Quiet.
2 pis.
decline.
Steady
m@a
at
pts.
decline
2@3
at
pts.
advance.
Quiet at
2 pts.
advanoe.
Quiet at Steady at Br'ly st'dy
2 pts.
advanoe
8@3^
pts.
«@1 pt.
advance. advanoe
The price* are given in pence and 100th.
8teady
3teady at
at
2 pts.
1 pts.
advance.
advance.
Firm at Very firm
6J4-BK pts. 5fc«« pts.
advance.
I
advance
Thus: 4-67 means
Sat.
Hon.
Tnei.
Nov. 15.
Nov. 17.
Nov. 18
Wed. Tfeum.
Nov. 20
Nov. 19
\2H 1 12i« 4 12i« 4 12i* 4 121*
P.M P.M. P.M P.M. P.M. P.M. P.M. P.M. P. M.
4
»rl.
Nov. 31.
12i* 4
M. P. M.
P. M. P.
A
d
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
November. 4 29 4 30 4 32 4 32 4 35 4 35 4 38 4 36 4 41 4 43 4 47 4 49
4 25 4 26 4 28 4 28 4 31 4 31 4 34 4 32 4 37 4 39 4 43 4 45
Nov.-Oec.
Dec-Jan.... 4 24 4 24 4 26 4 26
Jan.-Feb.... 4 23 4 23 4 25 4 25
4 23 4 23 4 25 4 25
Feb.-Moh.
Men. -April. 4 23 4 23 4 26 4 25
April-May.,
May- June..
Jane- July.,
July- Aug..
Aug.-Sept..
4 23 4 24 4
4 23 4 24 4
4 23 4 244
4 24 4 244
26
2S
26
26
4 26
4 26
4 26
4 27
4 29
4 28
4 28
4 28
4 29
4 29
4 29
4 29
30 4 32
4 31
4 31
4 31
4 31
4 32
4 32
4 29 4 31
4
4 29
4 29
4 29
4 29
4 29
4 29
4 31
4 80
4 29
4 29
4 80
4 30
4 30
4 29
4
4
4
4
4
4
4
4
35
34
34
34
34
34
4 37 4 41
4 36 4 40
4 36 4 39
4 36 4 39
4 36 4 39
4 43
4 42
4 41
4 41
4 41
4 36 4 39 4 41
34 4 36 4 39 4 41
33 4 35 4 38 4 41
Sept.-Oot...
—
Jute Btjtts, Bagging, &c The maTket for jute bagging
has continued quiet during the past weak, but prices have
been unchanged. The close this evening is at 6e. for \% lbs.
and 6%c for 2 lbs., standard grades. Car-load lots of standard brands are quoted at 6 } s@6V£c, f. o. b., according to
quality. Jute butts dull at lJ4@lMc. for paper quality and
2@2^c."for bagging quality.
4,600
of the foregoing shipments for the week
in our usual form, are as follows.
ureal French (ier- r-Qth.XI'ropt- Mexico,
Bril'n. vortt. many. North South. Ac. Japan Total
1,308 ...... 2,352
New York. 7,937
11,597
N. Orleans 10.255 9,577 5,411 1.650 6,150 ......
33,043
400
Galveston. 22,762 11,187 36,952 1,000 7,000
80,001
......
......
.<*•
•*••..
.....a
......
Moderate Moderate Harden's. Hard en
'a.
demand. demand.
4 07-1 OOd.
BREADSTUFFS,
Fbiday, Nov.
The particulars
Pensacola.
Pair
The prices of futures at Liverpool for eaoh day are given
below, Prioes are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
211,760
Sab. Pass..
Monday. Tuetday Wed'day. Thur$d'y Friday.
Future*.
arranged
the Pacific Coast.
Cotton freights at
as follows.
have been as follows.
4-42
400
^.
1
12,000
88,000
245,000
191,000
96,000
80,000
337,000
292.00C
4-40
8,800
1,450
1454
To Manchester— Nov. 13-Steamer Manchester Market,
330 upland and 226 Sea Island
San Fbanoisco— To Japan—Nov. 15— Steamer Gaelic, 1,021...
Seattle -To Japan— Nov. 18— Steamer Shinano Maru, 4,600..
Exports to Japan since Sept.
39,000
3,000
73,000
317,000
272,000
107,000
87,000
3 2 8,000
288,000
JTne tone of the Liverpool market for spots and futures
eaoh day of the week ending Nov, 21 and the daily closing
-
Total. ._ 81,407 25,054 75,512
800
42,000
4,000
72,000
316,000
243,000
147,000
119,000
350,000
300,000
44,000
1,100
Mid. Upl'do,
600
300
929 Sea Island
4,290
To Bremen Nov. 14— steamer Cayo Blanco. 5,616 upland
Nov. 18— Steamer Jupiter, 13.353
and 100 Sea Island
....Nov. 19— Steamer Baron Balfour. 10.190
29,259
100
To Warberg— Nov. 19— 8teamer Baron Balfour, 1000
10
To Rotterdam- Nov. 1 4 Steamer Alnwick, 100
To Amsterdam- Nov. 14— Steamer Alnwick, 100
100
To Antwerp— Nov. 14-Steamer Alnwick, 300
300
To Gottenburg— Nov. 14— Steamer Alnwick, 300... Nov. 18
—Steamer Jupiter. 200
500
To Riga- Nov. 18— Steamer Jupiter, 200
200
To Reval— Nov. 14— Steamers Alnwick. 500; Cayo Blanoo,
Nov. 18— Steamer Jupiter, 1,450
Nov. 19—
800
Steamer Baron Balfour, 703
2,953
To Ghent-Nov. 14— Steamer Alnwick, 100
100
To Oporto— Nov. 14— Steamer Alnwlok, 61
Nov. 18—
Steamer jDpiter, 600.
661
Wilmington— To Ltverpool— Nov. 10— Steamer Wandby, 14,236 14,236
Norfolk—To Bremen— Nov. 18— Steamer Peareth, 2,i00
2,100
Boston-To Liverpool— Nov. 15— Steamer Sachem, 28
Nov. 18— 8teamer Wlnifredlan, 91i
939
Baltimore—To Liverpool -Nov. 14— str. Rowanmore, 7,324.. 7,324
To Bremen— Nov. 20— Steamer Neckar, 203
203
Philadelphia—To Liverpool -Nov. 14— Steamer Westernland,
••
100
1,650
79
......
49,000
1,200
100
42,000
business
doing.
PBNSacola— To I iverpool— Nov. 18— Steamer Maria, 5,436
5,436
To Bremen— Nov. 14— Steamer Indra (additional), 100
100
Savannah— l o Liverpool— Nov. 14— Steamer Oriel, 10,433 upland and 75 Sea Island
10,508
To Havre— Nov. 14— Steamer Alnwick, 3,361 upland and
Seattle ....
Nov. 21.
Quiet.
79
•»
Nov. 14.
4
35,879
1,073
1,000
7,700
9,909. ...Nov.
100
5,436 "'.'.".'.
Savannah. 10,503 4,290 29,359 4,253
Wilmlngt'n 14,236
»-«•-.2,100
Norlolk...
«7<J«7
>*• .*.• ......
Boston....
203 ummmmm
Baltimore. 7,324
Phil'delp'a
2,010
,
«»»•• ••••• ...... >••
San Fran..
7.
51.00C
1,700
13:80
16— Steamer Breckrleld, 8,660
22,762
To Havre-Nov. 13—Steamer Thlstleroy, 11,187
11,187
To Bremen— Nov. 14— Steamers Azalea, 6,336; Frankfurt,
9.041. ..Nov. 15— Steamers Induna, 9,248; Port Denison,
....
.....
Of which Amerioan........
41,000
1,800
1,200
36,000
4,000
68,000
249,000
188,000
76,000
57,000
284,000
253,000
Nov.
3,929
3,726
2,600
9,577
5,411
Nov.
Total
11631!
599
299
tional),
.
THE CHRONICLE.
22, 1902.]
Cotton Facts.— Through the courtesy of Mr. Alfred B.
Shepperson, the compiler and publisher, we have received
this week a copy of his "Cotton Facts "—a handbook which
covers a mass of statistics and information which should be
of value to all those interested in cotton.
Shipping
—
.
21, 1902.
Reflecting an advance in the prices for the grain, there has
been a firmer market for wheat flour. The volume of business transacted locally has reached only very moderate proportions, buyers as a rule apparently not having sufficient
confidence in the higher prices quoted to make purchases of
importance; consequently the sales made have been limited to
small lines to cover current wants only. Rye flour has been
quiet but steady. Buckwheat flour has had a slightly better
sale at steady prices. Corn meal has been firm but quiet.
Speculation in wheat for future delivery has been active,
especially in the Chicago market, and prices advanced on extensive buying, understood to be for the account of Armour
Co. The advance in prices was most pronounced for December deliveries, the aggressive operations by bull interests
creating considerable uneasiness among shorts in the near-by
positions, and they bonght to cover contracts. Cable advices from the European markets have been of an encouraging character, they reporting higher prices, and there
has been
some buying in the speculative markets
for foreign account.
The actual export demand, however, for cash wheat at the advance in prices has
been only moderate. The movement of the spring-wheat
crop has been smaller, weather conditions in the Northwest
during the first part of the week being less favorable for the
handling of the crop. Thursday there was a sharp reaction
in prices, especially for May delivery, under free realizing
sales by the recent buyers. The weather during the week
has been reported favorable for the growing winter- wheat
crop. To-day there was a less active and slightly easier market. The spot market was fairly active at steady prices, exporters being the buyers.
DJJLT CLOSING PRICES OF MO. 2 RBD WHITER WHEAT TS
Thurt.
fri.
Wed.
Tuei.
gat.
Hon.
Cash wheat f. o. b
77 7b
77 7e
77%
_ 76%
76%
785a
80ie
Dec. delivery In elev
80%
81%
803s
79
79k
March delivery In elev
83
....
....
82Vt
81%
80i*
81
May delivery In elev
79^
80
79%
795s
&
NEW¥OBK.
x
THE CHRONICLE.
1164
DAJlT.Y
CLOSING PRIORS OF
WO, 8
SPRING
Sat.
Hon,.
Dee. delivery In elev
72^
elev
July delivery In elev
75 38
73*4
761s
May delivery In
WH1AT
IB
Tutu
Wed.
73%
75"*8
771*!
7658
7858
CHICAGO.
Thurt.
75*4
748g
Pr\
74%
75'9
7 5%
7314
73ie
Indian corn futures have been active and prices for December contracts have advanced sharply in both the local
and Western market. Values for the more distant deliveries have improved in sympathy.
Daring the week
the weather conditions in the corn belt have not been
favorable for progress in drying the new crop. These
reports have made both local and foreign shorts nervous,
owing to the present small available supply of contract
grades, and they entered the market as free buyers to cover
contracts. Thursday there was a halt in the upward trend
to values. Clear and colder weather was reported from the
West, which was considered more favorable for an increased
of the new crop, and prompted free selling by
longs to realize profits. The spot market has been firmer
but quiet. To-day prices were again lower under continued
realizing sales. The spot market was quiet and easier.
DAILY OLO8IN8 PRIOHS OY MO. 2 HCKRD CORK IB
¥ORS.
Fri.
Sat.
Wed. Thurt
Mon.
Tuet.
66i*
66*<j
66ifl
67
Otth corn t. o. b
66
66
62*4
60
6138
Dee. delivery in elev
59%
1*
5SH
613a
55*4
52*^
55
54%
Jan. delivery in elev.
53%
53%
4838
May delivery in elev..... 4658
4?ifl
48
48%
485s
4614
July delivery in elev
47%
47%
46%
46%
473s
DAILY CLOSING PRIORS OF NO. 2 MIXED CORK IN CHICAGO.
Brt
Sat.
Wed. Thurt.
Mon. 'Hue:
Deo. delivery in elev
53
55
58 7s
58
56*e
57's
43i8
42*"8
42is
43*«
Delivery
May
in elev
433s
415s
July delivery in elev
41*8
42%
41 *%
423s
425s
41**a
Oats for future delivery have received only a limited
amount of speculative attention. There has been a slight
falling off in the crop movement, and this, coupled with
reports of a good cash trade at primary markets and sympathy with the rise in values for corn,has had a strengthening
influence upon prices. Locally the spot market has been
fairly active and firm. To-day the market was firmer on
reports of a more active cash demand.
DAILY CLOSING PRICKS OT OAT8 IN
YORK..
Wed. thurt. Fri.
Sat.
Tuet,
Mon.
35
86
no. s mixed in elev..... 344,
35
35
35
87 13
0. 2 white in elev...... 87
38
37
37
37
DAILY CLOSING PRICES OF NO, 2 MIXBD OATS IN CHICAGO.
Sat.
Wed. thurt. Fri.
Mon.
Tuet.
movement
NEW
Deo. delivery 1» elev
delivery in elev....
89%
30
29"*e
31"*8
31 is
313s
Following are the closing quotations:
303s
31%
30H
31*8
315s
FLOUR.
fine
f>2 65
Patent, winter.... $3 80 ->4
. ,.»2 60
Superfine
2 80 02 85
City mills, patent. 4 30 ©4
Extra, No, 2.
2 90 *2 95
Ryeflour.Buperflne 3 10 «3
xtra,Ko I
«3 20
Buck wheat flour.. 2 20 «2
... 3 00
Clears.. ..„.,.*.„ .... 3 15 08 40
Corn mealStraights
3 85 ®3 80
Western, etc
8 30 »3
Psteut, spring
Brandywlne .... 3 35 ®3
4 05 ©4 65
(Wheat flour iu sacks sells at prices below those for barrels.)
.
busji HardDuL.Nj 1..
Wneat, per
o.
White
e*o. 2 mixed
No. 8 white
GRAIN.
Corn, per buah.—
85*8
f.o. b.833a
t.
S'thern DuL, Wo.l
Bed winter. No. 8
Hard No. 2
Oats—Mix'd, p. bush.
0.
o. b.
f.
t
o. b.77**9
o. b.80**8
35**»S7*ij
374 042
937
36
88
®39
Western mixed
No. 8 mixed
Ho. 8 yellow
No. 2whlte
Rjo, per bush-
Domestic Cotton Goods,—The exports of cotton goods
from this port for the week ending Nov. 17 were 5,690
packages, valued at $2 10 577, their destination being to the
points specified in the tables below:
Parley— West
1901.
Week. Since Jan.l.
1,878
1
1,<j64
16
58
245
101,692
20,010
22,303
10,611
21,682
1,944
8,969
49,969
12,903
50
112
300
487
73
46
868
83
3.989
1,432
85,306
5,743
88,673
9,570
20,858
1.848
5,763
47,656
9,454
5,690
253,025
2,093
230,292
34
Mrloa
_ .... ....
"ll
._.
538
39
268
West Indlea
Mexico
..
Central America.
South Amerioa.. «
Total
.... ....
4,502
.. ....
Week. Since /a*
52
Arabia..... ............... .0.
A
steady.
00
65
60
25
85
40
0.
Foreign Dry Goods. Ocly a quiet business has been reported in the dress goods division out the general tone is firm.
Silks are firm with a fair demand. Ribbons firm.
Linen
prices well maintained with a moderate business.
Burlaps
strong with an advancing tendency.
Importation* and Warehonte Withdrawals of Dry Good*
The importations and warehouse withdrawals of dry goods
at this port for the week ending Nov. 20, 1902, and sinoe
January 1, 1902, and for the corresponding periods of last
year are as follows:
f.o. b.66is
o.
1902.
17
—
64%«J66i»
L
YORK TO NOV
SfBW
BH = <**£
b.68
or"ojB
to
M
Lo. b.68
cr
o*
85 »:
*•-
*56
©56
48 ©63
41 ©44
western
,.53
Btate and Jersey. .„... 51
Feedinsr
tW
0.
ings and cloakings business has been dull outside of kerseys,
which are in steady request, scarce and firm. All descriptions of woolen and worsted dress goods have ruled quiet
but without change in prices. The market continues firm
for flannels and blankets.
The value of these New Sork exports since Jan. 1 to date
has been $11,702,429 in 1902, against $10,168,592 in 1901.
There has been no indication this week of a revival of buying of heavy brown cottons for China, and the general export
demand has been inactive. Business on home trade account
has been of moderate extent at previous prices. Sellers of
denims, plaids, cheviots and other coarse colored cottons report a well sold up market and no difficulty in maintaining
full prices in face of a generally quiet demand. The demand
for wide sheetings is quiet and is held in checfc in cotton
flannels and blankets by the scareity of ready supplies. Prices
unchanged. All grades of bleached muslins and cambrics
are steady in price, with no new feature in the demand coming forward. Kid finished cambrics are steady but dull.
Indigo blue shirting and mourning prinU have sold liberally
for spring, and there has been a fair business in light fancy
calicoes for next season without change in prices. All printed
napped goods are firm
Ginghams in all grades continue
scarce and with domet fabrics are firm in price.
moderate
business has been done in narrow print cloths on the basis of
30% 3c. for regulars.
Wide odds have been dull and barely
NEW
May
LXXV.
\\ol.
5:
8:
:
p;
I
S!
3:
* m
.
:
t
:
i
•
]
For ether tables usually given Here aee vase 1120.
'
Nkw
Yobk. Friday, P. M„ Nov. 21, 1902.
There has been no noticeable development in the general
demand for cotton goods at first hands during the week.
The day-to-day demand has averaged about the same as last
week, and outside of specialties for next spring has been
practically governed by near requirements. It is significant
of the general condition of the market that this demand suffices to keep most lines of merchandise well sold up and in
some quarters is even in excess of current unsold production.
In connection with forward business in heavy staple cottons,
the tone shows more steadiness than a week ago. Then, under
the influence of a declining|cotton market, sellers were showing signs of weakness on distant deliveries, but with cotton
recovering considerably this week there is noticeably a hesitation on the part of such sellers to repeat the offers of a week
ago. In no direction is there any quotable change in prices
and the general tone is steady. The jobbing trade reports
are generally satisfactory and few complaints are heard on
the score of collections.
Woolen Goods.— An increase in business has been reported this week in men's-wear woolen and worsted fabrics
in light-weights for spring. Clothiers are making progress
with their sample lines of spring garments and are beginning
to re-order more freely. The weather has been against the
clothing trade so far this winter by reason of its open character, so that with a cold spell, which can hardly be long delayed now, a considerable degree of activity ia looked for.
There is little doing in heavy- weights for quick shipment beyond closing out some stock goods at irregular prices. The
new heavy-weight season for 1903 is not expected to open for
several weeks to come, but some business in staple lines has
been done. No prices have been mentioned, but a higher market generally in next fall weights is looked for. The overcoat -
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105,010 146,444 188.704 114,638
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109,499 138,405
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38,338 50,796
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7.044 4,152
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19.456 13,155
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THE DRY GOODS TRADE.
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—
NOTEMBER
State
——
:
THE CHRONICLE.
1902.]
82,
m%
0»ty D£f/nm/r«iT.
(&hxamth.
'ghz
PUBLISHED WEEKLY.
Terms
of Subscription— Payable in
For One Year, inoluding
For Six Months
all
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The Investors' Supplement is furnished loithout extra charge to
every annual subscriber of the Commercial and Financial Chronicle.
The State and City Supplement is also furnished icithout extra
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The Street Railway Supplement is likewise furnished without
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The Bank and Quotation Supplement, issued monthly, is also furnished without extra charge to every subscriber of the Chronicle.
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of Advertising—(Per Inch Space).
Transient matter (each time) $4 20
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DANA COMPANY, .Publishers,
B.
Pine Street, corner of Pearl
Box 958.
Street,
NEW YORK.
Index.
An
the news matter appearing in this Department for the period from July 5, 1902, to Sept. 27, 1902, inclusive, was published in the Chronicle of Oct. 4, 1902,
pages 753, 754, 755 and 756.
index to
all
News
items.
Cincinnati, Ohio.— Bonds Valid.— Local papers state that
on November 5 the Circuit Court decided that the law authorizing the issue of $180,000 in bonds to purchase sites for
branch libraries was valid, thus affirming Judge Murphy.
The entry, it is said, was not merely formal, but was made
after the Court had studied the case in the light of recent
decisions of the Supreme Court to the effect that laws relating to the things incident to the conduct of the school
system were not special legislation, though they related to
only one connty or city. See V. 75, p. 1052.
Logan, Utah.— Bond Litigation.— Suit haB been filed by
S. W. Riter against the City Counoil to prevent the latter
from issuing the $65,000 4 per cent electric-light bonds
voted this year.
It is contended that the city has no
legal right to issue bonds for more than $28,000. The State
Board of Land Commissioners, which purchased the entire
issue, was satisfied, it is stated, as to the legality of the
bonds, but in order to be perfectly safe insisted that the
question should be passed upon by the courts. The suit has
accordingly been brought. After being passed upon in the
District Court the case will be at once appealed to the Supreme Court.
Missouri. Amendments to State Constitution. We are
advised by the Secretary of State that unofficial returns indicate that all eight amendments to the State Constitution
voted upon at the recent election were adopted. Several of
these amendments relate to taxation; one permits the city of
St. Louis to frame a new charter, while another amends
Article 10, Section 12, by exempting water debt and the assumed county debt in the case of St. Louis and the water
debt incurred in 1895 in the case of Kansas City in computing the indebtedness of those cities. Another adds a
new section to Article 10, known as Section 12a. This latter
amendment permits cities of not less than 2,000 inhabitants
nor more than 30,000 to issue bonds to an amount of 5% of
the value of taxable property in excess of the prescribed limit
of indebtedness, for the purpose of purchasing or constructing water works, electric or other light plants to be owned
by the city, provided that such increase be authorized by
two-tnirds of the voters at an election oalled for the pur-
—
pose.
—
St. Panl, Minn.— Bonds Invalid.
The State Supreme
Court on November 14 handed down a decision holding that
the issuance of the $99,000 Z%% armory bonds (sold last May
&
New
to Allen, Sand
Co.,
York City), would be illegal, as
the city has already put out bonds to the amount of 5% of its
assessed valuation, the limit imposed on cities framing their
own
charters by the Constitutional
Chronicle Nov.
Amendment
of 1898. See
8.
Vermont.— Proposed Change of State Capital.— Frees dispatches state that a bill has been introduced in the General
Assembly to provide for moving the Capital from Montpelier
to Burlington.
Burlington offers to bond itself for $200,000
toward building a new Capitol.
The present Capitol was erected in 1857 by the town of
Montpelier, and cost, it is said, only $40,000.
Bond Calls and Redemptions.
Allegheny County (P.O. Pittsburg), Pa.-Bond Call.The Sinking Fond Commissioners call for payment Jan. 1,
1903, the following coupon compromise bonds dated Jan. 1,
1863:
—
Nos. 700 to 702 inc., 704 to 713,
Inc., 716
to 721, inc.,
1165
Payment of bonds to be made at
County Comptroller.
Lake Borgne Basin Levee District, La.— Bond Call. —
N. H. Nunez, Secretary, calls for payment December 1 at
the office of the State Treasurer bonds Nos. 1 to 10, inclusive,
issued Dec. 1, 1892. Denomination, $1,000.
Paeblo, Colo. Bond Call.— Notice is given by Brock Eskridge, City Treasurer, that sewer bonds numbered from 1 to
8, inclusive, for the sum of $1,000 each, and dated June 1
724 to 727, inc., and 733.
office of
1889, will be paid on presentation at the office of the City
Treasurer or at Winslow, Lanier & Co., New York City. Interest on the same ceases Dec. 1, 1902.
Putnam County, Mo. Bond Call. Interest ceased November 1 on bonds Nos. 1 to 20, inclusive, each for $1,000 and
dated October, 1897.
Rochester Township, Kingman County, Kan.— Bond Call.
D. D. Doering, Township Treasurer, calls tor payment
Jan. 1, 1903, at the State fiscal agency in New York City,
$16,000 bonds issued July 1, 1887, in aid of the Chicago Kansas & Western Railway.
—
—
8ond Proposals and Negotiations t hll
week have been as follows
Abilene, Texas.—Bonds Approved and Registered.—-The
Attorney -General on November 14 approved and the Comptroller registered the $20,000 5% 20-40-year (optional) schoolhouse bonds mentioned in the Chronicle Nov. 8.
Akron, Ohio.- Bond Sale.— On November 1 the $10,000 5%
1-5-year (serial) street improvement bonds described in the
Chronicle October 11 were awarded to Denison, Prior &
Co., Cleveland, at 100 40.
Bonds Voted.— Market-house bonds were authorized at the
November 4.
Akron (Ohio) School District.— Bond Sale.— On November
18 the $40,000 4% 10-14 year (serial) bonds described in the
Chronicle November 8 were awarded to W. J. Hayes &
election held
Sons, Cleveland, at 100-187.
Allegheny (Pa.) School District.— Bonds Re-awarded.—
There being no quorum on November 3, action on the bids
received October 27 for the $125,000 %%% bonds was postponed
until the next regular meeting.
We
are advised that as the
award was not made on November 3, J. & W. Seligman &
Co., the highest bidders, withdrew their offer and the bonds
were subsequently awarded to Farson, Leach & Co., New
York City, the second bidderei, at 100'32.
Allentown, Pa.— Bonds to be Issued.—This city proposes to
%%% water bonds. Denominations, one hundred and seven of $100 and three hundred and eight of $500
each. Date, April 1, 1903. Interest, semi-annual. Maturissue $164,700
ity,
30 years; optional after 5 years.
Appanoose County (P. O. Centerville), Iowa.—Bonds
Voted.— This county has voted to issue $75,000 court-house
bonds. We are advised that nothing will be done towards
the issuance of these bonds until next June.
Arcadia, Fla.— Bonds Defeated.—The question of issuing
$20,000 water bonds failed to carry at the recent election.
Arlington, S. Dak.— Bond Offering.—This town is offering
at par an issue of $1,500 5% 10-30-year (optional) bonds put
out for the purpose of sinking a public well. Denomination,
Interest payable at office of Treasurer.
$500.
Athens, Ont.— Debenture Offering.— Proposals will be received until December 15 by B. Loverin, Village Clerk, for
$6,000 A.% debentures. Securities will mature part yearly for
twenty years.
Atlanta, 6a. Bond Bill Passes House.— The House of the
State Legislature has passed a bill providing for the submission to a vote of the people of Atlanta of the question of issuing $400,000 Z)4% 80-year water and 400,000 %%% 30-year sewer
bonds.
Angusta, Ga.—Loan Authorized. The City Council has
authorized the Finance Committee to borrow $100,000 at not
exceeding 5f interest for not more than five years for the
purpose of building a levee. Loan is to be exempt from city
—
taxes.
Austin, Minn. Bond Sale.- It is stated that an issue of
$25,000 4% 10-year school bonds has been sold to the State at
par.
Bainbrldge, Ohio.—Bond Offering.— Proposals will be received until 12 M., December 15, by the Finance Committee
of the Village Council, care of the Village Clerk, for $12,000
i.% 7-80-year (serial) water
bonds and $4,000 A.% 9-28-year
(serial) water bonds.
Denomination, first issue $500 and
second issue $200. Date, Dec. 15, 1902. Interest semi annually at office of Village Treasurer. All bids must be unconditional. Certified check for $500, payable to the Village
Treasurer, required. Accrued interest to be paid by pur-
Baker Connty (Ore.) School District No. 31.— Bond Offering.— Proposals will be received until 12 m., December 1
(time extended from November 15), by R. R. Palmer, County
Treasurer, for $4,500 b%% 15-year bonds. Interest, seminual. Certified check for $100, payable to the County Treasurer, required.
Bangor (Mich.) School District.— Bond Offering.— Propobe received until November 24 for $15,000 4g school-
sals will
Denominations, $1,500 and $2,000. Date,
Maturity,
Interest annually on March 1.
$1,500 yearly on March 1 from 1904 to 1909, inclusive, and
$2,000 on March 1, 1910, on March 1, 1911, and on March 1,
house bonds.
Dec.
1912.
1,
1902.
:
—— ——
——
:
THE CHRONICLE.
1166
[Vol.
LXXV.
—
Barberton, Ohio. Bonds Voted and Defeated. At the re- nation is $1,400,000, These bonds were offered on Aug. 12
cent election $3,500 water-extension bonds were authorized and on Sept. 2, but their sale was never consummated.
Buchanan County, Mo.— Bonds Defeated. At the general
by a vote of 967 to 363, while the proposition to issue $2,000
bonds for public library purposes was defeated, the vote election held last week the proposition to issue $100,000 jail
being 760 for to 570 against— a two-thirds vote being neces- bonds failed to carry.
sary to authorize in each case.
Calloway County, Ky.— Bonds Defeated.—On November 4
Barnesville, 6a.— Bond Election.— On December 2 this this county voted against the proposition to issue $25,000
city will vote upon the question of issuing $10,000 4i public- court-house bonds.
improvement bonds. If authorized, the bonds will be in deCanton, Ohio.—Bonds Authorized—The City Council has
nomination of $1,000 and will mature $2,000 yearly, begin- authorized the issuance of the $53,000 additional auditorium
and market-house bonds mentioned in the Chronicle Nov. 1.
ning Jan. 1, 1928.
Casselton, N. Dak.— Bond Offering.— Proposals will; be reBarnesville, Minn.—Bonds Defeated.— We are advised
that the proposition to issue $7,000 electric-light bonds did ceived until 7 p. m., December 1, by E, G. Guthrie, City Auditor, for $4,500 4%% 15-year bonds.
Denomination, $500.
not carry at the election recently held in this city.
Bayonne, N. J.— Bond Sale.— On November lb the $22,000 Date, Oct. 1, 1902. Interest, semi-annual. Certified check
4*4% 20-year gold funded water bonds described in the for 2% of bid, payable to J. L. Gunkel, City Treasurer, reChronicle November 15 were awarded to Farson, Leach & quired.
Charlottesville, Va.—Bonds Defeated.— We are advised
Co., New York, at 101. Following are the bids
that although a large majority of the voters were in favor
100*C0
Farson. Leach ft Co., New York. 101-00? W. E. E. Smith, New York
100-77
of issuing $80,000 4% street-improvement bonds, the number
Jno. D. Eyerltt ft Co., H. Y
Beaumont, Texas. Bonds Voted. The election held Nov- was not sufficient under the law to save the measure from
ember 11 resulted in favor of issuing $25,000 refunding debt, defeat at the recent election. The Mayor is contemplating
calling another election in about 60 days.
$95,000 additional paving, $75,000 .school-building, $40,000
Chicago (111.) Sanitary District.— Bond Bids.— The folcity- hall, fire-station and prison and $75,000 sewerage bonds.
Bee County 4 ( P.O. Beeville), Texas.—Bonds Authorized.— owing bids were received November 19 for the $1,500,000 4%
On November 4 this connty voted to issue $5,000 4% 5-40-year coupon bonds described in the Chronicle Nov. 15 :
—
I
|
—
(optional) gold bridge-building bonds. Interest payable annually. Date of sale not yet determined.
Bellaire, Ohio.— Bond Offering.—Proposals will be received until 12 M, December 16, at the office of the Mayor,
for $15,000 4% city-hall-furnishing bonds.
Denomination,
Date, Oct. 1, 1902. Interest, semi-annual. Maturity,
$500.
Oct, 1, 1912. Acorued interest to be paid by purchasers.
Certified check for 1% of par value of bonds bid for required.
F. A. Jackson is Village Clerk.
Ulinols Trust
ft
N. W.Harris
Sav. Bank,
Chicago
$1,516,323
ft
Co
...)
Bank
\ Chic. .$1,500,150
Merch.Ln. & Tr. Co.)
First Nat.
Bids were referred to the Finance Committee.
Clinton, La.— Bond Issue. The Board of Aldermen has
authorized the issuance of $7,500 5i 20-year school-building
bonds. It is stated that these bonds will be taken by the
Bank of Clinton at par.
Cohoes, N. Y. Bond Sale.—The Citv Chamberlain on
November 15 sold at public auction the $54,179 53 %%t public-improvement bonds described in the Chronicle Nov. 8
to Itaac W. Sherrill of Poughkeepsie for par and $80 pre-
—
BelleTille (N. J.) School District..— Bond Offering.—Proposals will be received ,until 8:30 p. m. Nov. 28, by Frank M.
mium.
Osborne, District Clerk, for $13,000 10-22-year (serial) bonds.
Columbus, Ga.— Bond Election.— An election will be held
Denomination, $1,000. Dated, Dec. 1, 1902. Interest, semi- December 4 to vote on the issuance of bonds for a waterannual. Bids are asked for bonds bearing 4%% and 4%$ in- works system.
Copley Township, Summit County, Ohio.— Bond Sale.—
terest.
Certified check for 2% of par value of bonds bid for
This township sold some several weeks ago an issue of $2,000
required.
6% 1-5-year (serial) bonds to V. G. Harris of Copley at
The official notice of this bond offering will be found among 101'25. Bids were also received from The Lampreoht Bros.
the advertisements elsewhere in this Department.
Co., Cleveland, the Dime Savings Bank Co. of Akron and
Blloxi, Miss. Bonds Authorized.—This city has author- from Byron Chapman of Copley.
Crafton, Pa. Bond Offering.— Proposals will be received
ized the issuance of §18,000 5# water-extension bonds. Denomination, $500. Interest payable in New York City. Date until 7 p. m., December 2, by W. O. H. Elliott, Borough
Clerk, for $25,000 4% bonds issued for permanent improveof sale and other details not yet determined.
Bond County (P. O. Greenville), 111.— Bond Offering.— ments to sewers, streets, alleys, etc. Denomination, $1,000.
The Board of Supervisors has authorized the issuance of Interest March 1 and September 1 at the First National
$18,000 5% coupon refunding bonds in pursuance of a vote of Bank of Crafton. Maturity, $2,000 in 1905, $2,000 in 1908,
the people at the recent election. Proposals for these bonds $8,000 in 1911, $3,000 in 1914, $3,000 in 1917, $3,000 in 1920,
will be received until 1 p. M., December 1, by Wm. D. Mat- $3,000 in 1923, $2,000 in 1926, $2,000 in 1929 and $2,000 in 1931,
ney. County Clerk. Denomination, $1,000. Date, Dec. 1, all bonds maturing on Sept. 1 of years named. Bonds are
1902.
Interest semi-annually at office of County Treasurer. free from tax. Certified check for $200 required.
Crawford (Texas) Independent School District.— Bonds
Maturity, one bond yearly on Dec. 1 from 1903 to 1920, in
elusive. Certified check for $100, payable to J. H. Ladd, Purchased. The State Board of Education on November 13
purchased an issue of $6,000 school-house bonds of this disCounty Treasurer, required.
Boone County (P. O. Boone), Iowa.— Bonds Voted.— On trict.
Day County (P. 0. Webster) S. Dak.— Bonds Voted.-This
November 4 this county authorized the issuance of $15,000 5%
bonds for the erection of a poor-farm building. Maturity, county on November 4, by a majority of 600, authorized the
1908.
are advised that these securities will not be issued issuance of $50,000 court-bouse and jail bonds. Full details
of bonds not yet determined.
before January.
Dayton (Ky.) School District.—Bonds Voted.—This disBoston, Mass. Subway Election. This city in December
will vote on the question of accepting Chapter 534, Laws of trict has voted to issue $20,000 school-house bonds
Delhi, Ohio.— Bonds Defeated.—By an overwhelming ma1902— theso-called Washington Street Subway Act— mention of which was made in our Railroad Department, pages jority, the proposition to issue $12,000 street-improvement
28 and 496 of the current volume. This Act provides that a bonds was defeated at the election November 4.
Dickey County (P. 0. Ellendale), N. Dak.— Bond Sale—
sum not exceeding $25,000 t'shall be expended in preliminary
This
county has sold an issue ofi$15,000 4%% funding bonds
work. This work is being done, and a contract has been
Co. of Grand Forks. Denomination,
made under the Act with the Boston Elevated Railway Co., to C. C. Gowran
Ma
Date,
Interest, semi-annual.
Nov.
1902.
$1,000.
15,
for the construction of the subway provided the city aocepts
turity, $5,000 on Nov. 15 of the years 1912, 1917 and 1922.
the act.
Eagle Lake, Texas.— Bonds Voted.— This place has voted
Bradley Beach, Monmouth County, N. J.— Bond Offering.
Proposals will be received until 8 p m., November 24, by to issue about $8,000 20 year water-works bonds. All details
Henry C. Pratt, Mayor, for the $23,800 5$ 30-year sewer of this issue have not yet been determined upon.
Elberton, Ga.—Bond Sale.— This city has sold to Atlanta
bonds voted at a recent election. Certified check for $500,
parties
$9,500 refunding bonds at 106. Bonds run for a period
payable to the above-named Mayor, required.
Bristol County (P. O. Taunton), Mass.— Note Sale.—On of twenty years.
Enid, Okla.—Bonds Re-sold— We are advised that the $25,November 19 the $20,000 4% 5-year note was awarded to Loring, Tolman & Tupper of Boston at 102-971. Following are 000 sewer and the $15,000 water bonds awarded some months
ago to D. E. Dunne of Wichita and J. B. Ferguson of Enid
the bids
Co. of Chicago.
have been re- sold to John Nuveen
IrfHlnj,', Tolman & Tupper. Bost.102'971
Warren Institution for Savings,
Ephrata, Pa.— Bonds Authorized.—The Town Council of
—
We
—
&
—
&
New Bedford
inas
Bank
Five-Cents Sav-
Blake Bros. ft Co.. Boston
Farson. Leach & Co., Boston
N. W. Harris ft Co., Boston
102-29
Charleston
102-926 Jose. Parker ft Co.. Boston
102-18
102 80
Tenney Morse. Boston
102-125
102-619 BlodRet, MerrlttA Co.,Boston..l02 048
102-837 B. L. Day ft Co., Boston
101-659
8. A. Kean, Chicago.
100i!5
-
-
Note is dated Nov. 20, 1902.
Bronxville (Village), Westchester County, N. Y.— Bond
Offering.— Proposals will be received until 8 p. hi,, Nov. 26,
by Frank Dinsmore, Village Clerk, for $21,000 sewer bonds
at not exceeding 5% interest. Denomination, $1,000. Date,
Dec. 1, 1902. Interest semi-annually at the Farmers' Loan
& Trust Co., New York City. Maturity, $1,000 yearly on
Dec. 1 from 1907 to 1927, inclusive. Authority, Chapter
Certified check for $500, payable to Elias
414, Laws of 1897.
W. Dusenberry, Village Treasurer, required. The village
has no bonded or floating debt at present. The assessed val-
this borough has authorized the issuance of $15,000 4% elecInterest, annual.
tric-light bonds.
Denomination, $500.
Maturity "within thirty years." Date of sale not determined.
Escanaba, Mich.—Bonds Defeated.—The proposition to
issue $15,000 park bonds failed to carry at the recent election.
Essex County, N. J.— Bonds Voted.— The proposition to
issue $1,000,000 additional park bonds carried at the recent
election by a small vote, according to local papers.
Forest (Ohio) School District— Bonds Voted.— This dison November 4 voted to issue $20,000 5% school house
bonds. Date of sale not yet determined, but will probably
be about March 1, 1903.
Fort Morgan, Colo.— Bond* Authorized,— Tbe issuance of
$40,000 b% 10 15-year (optional) water bonds has been authortrict
ized.
—
NOTBMBER
:
—
—
.
—
THE CHRONICLE.
22, 1902.]
Ohio— Bonds Voted.
November 4 the proposition to issue f 250,000 memorialbuilding bonds carried by a vote of 14,159 to 9,352.
Fredericksburg, Va.— Bond Sale.— On November 10 the
$20,000 1% 10-30 year (optional) street-improvement bonds described in the Chronicle Nov. 1 were awarded to the ConGarnett National Bank of Fredericksburg at
way, Gordon
Franklin Connty (P. 0. Columbus),
—On
&
100 25.
H
10-20Was, Kan.— Bond Sale.-Oa November 10 130,000
year (optional) water-works bonds dated Nov. 1, 1902 were
awarded to John Nuveen & Co., Chicago, at par. Denomination, $200. Interest, semi-annual.
Bond Sale.
ttlassport (Borough), Allegheny County, Pa
—On November 17 the $20,000 4%i coupon funding bonds
described in the Chronicle Oct. 25 were awarded to F. L.
Fuller & Co., Cleveland, at 102-75 and accrued interest. Following are the bids
9. L. Fuller* Co.,:Cleveland.$20,550 00 W. R. Todd & Co.. Clncin. .. .$20,211 00
Oenlson, Prior & Co.. Cleve.. 20,414 to W. J. Hayes* Sons. Cleve.... 20,205 00
20,400 00 Lamprecht Bros. Co.. Cleve. 20, 154 00
Dick Bros. & Co.. Phila
—
1167
Le Grand School District, Merced County, Cal.— Bond
Sale.— On November 11 the $3,500 5£ 1-7-year (serial) bonds'
of this district were awarded to the Oakland Bank of Savings at 101*429. Following are the bids
:
Oakland Bank of Sayings
Isaac Springer. Pasadena
H. C. Rogers, Los Angeles
—
$3,550 00
8,515 00
3,606 80
I
Heazleton&Co.,San Francisco! 8,505 00
8. A. Kean, Chicago
3,500 00
|
—
Lewis County, Wash.— Bond Sale. On November 15
000 10-20- year (optional) refunding bonds were awarded to
N. W. Harris & Co., Chicago, at 102*13, accrued interest and
blank bonds for 4% per cents. Following are.the bids
:_
:
For
ihi& Bondt.
N. W. Harris & Co., Chicago. .102*18
K. H. Rollins & Sons. Boston... .102*08i
. .
Thompson, Tenney
& Crawford
For 656 Bonds.
Trowbridge * Niver Co., Chic. .101*69
101*01
Chas. H. Coffin. Chicago
100*05
8. A. Kean, Chicago.
101*00
Co., Chicago...
Denomination, $1,000.
Date, Jan.
annual.
1,
1903.
Interest, semi-
—
Lewistown, Pa.— No Election Held. No election was held
6 to vote on the question of issuing $65,000 sewer
SeasonsoodA Mayer. Cincin. 20.400 00
bonds, although some of the papers had it that the election
Bonds Voted.— This borough has voted to issue $60,000 was to take place. An ordinance providing for such an elecstreet, sewer and general-improvement bonda.
tion, it is true, had passed the Council, but the Mayor vetoed
Golden, Colo.— Bonds Refused.— We are advised that the the same.
$100,000 5£ 15 year water bonds sold at par on September 2
Lima, Ohio. Bond Offering. Proposals will be received
have been refused by the purchaser on the ground that the until 12 m., Dec. 8, by Fred. C. Beam. City Clerk, for $150,Denomination, $1,000. Date,
ordinance was not passed regularly.
000 3*4% water-works bonds.
Gulf port, Miss.— Bonds to be Issued. It is stated that the Oot. 1, 1902. Interest, semi-annually at the office of the City
City Council will issue $3,000 school bonds.
Treasurer. Maturity, $10,000 yearly on October 1 from 1912
Hamilton County (P. O. Cincinnati), Ohio.— Bonds Auth- to 1926, inclusive. A certified check on a Lima bank for 5%
orized. The County Commissioners have authorized the of the amount of bonds bid for, payable to the City Clerk, reissuance of $10,000 4% bonds to build^bridge over Mill Creek, quired. Accrued interest to be paid by purchaser. Bids to
between Heading and Lockland.
be made on blank forms furnished by the city. These are the
Harney County, Ore.— Bond Offering.— Proposals will be bonds originally advertised for sale Oct. 27 as 4 per cents.
received until November 25 by R. A. Miller, County TreasLincoln County (P. O. Brookhaven), Miss.— Bonds Auurer, for $3,000 6£ 10 20-year (optional) school bonds.
tlwrized—-The Board ot Supervisors has authorized the issuHarrison County, Miss. Bond Offering.— Proposals will ance of $20,000 bonds for a new county jail.
be received until December 1 (sale continued from Nov. 3),
Linneus, Linn County, Ko.— Bonds Voted— Bond Offerby F. S. Hewes, Clerk Board of Supervisors, for $50,000 5% ing.— On November 10 this city voted to issue $8,000 5# 5-20bonds. Denomination, $500. Interest annually at the Equit- year electric light, park and fire department bonds. Date,
able National Bank of the city of New York. Bonds will Jan. 1, 1903. Interest, semi-annual. H. E. Symons, City
bear date of issuance. Maturity, $1,000 yearly from 1907 to Clerk, writes us that the bonds will be sold at private sale
Each bid must be ac- to the highest bidder.
1926, inclusive, and $30,000 in 1927.
companied by a certified check for $1,000. Assessed valuaLoudon County, Tenn.— No Bonds to be Issued. The
tion, $8,000,000.
County Commissioners have been considering the question
Heetor, Kenville County, Minn. Bond Offering.— Propo- of issuing bonds for road purposes, but we are advised that
sals will be received until 8< p. m., December 1, by the Vil- the plan has been defeated.
.
November
—
—
—
—
(optional) bonds. Denomination, $500. Date, Dec. 1, 1902. Interest semi-annually at the National Bank of Commerce, Minneapolis.
F. E.
Ruesswig is Village Recorder.
High Bridge, N. 3.—Bonds Voted. This place on Nov.
18 voted to issue $6,200 additional school-honse bonds.
Holland, Mich. Bonds Defeated.—The question of issuing
$50,000 gas-plant bonds failed at the recent election by 67
votes. The vote was 714 for, 624 against and 157 blank votes
—a majority over all being necessary to authorize.
lage Council, for $6,000 5% 10-20-year
—
—We
are advised that
Louisville, Ky. —Bonds Defeated.
the propositions to issue $2,500,000 sewer, $500,000 street and
$250,000 Beargrass Creek improvement %%% bonds did not
carry at the election held November 4, having failed to receive the necessary two-thirds vote.
Lovrellville, Ohio.— Bonds Defeated.—The question of issuing $6,000 sidewalk bonds failedj,to carry by 7 votes at the
election held November 4.
McKeesport School
sals will
District,
Pa.— Bona
be received until 5p.m., Dec.
Offering.
11,
oy
—Propo-
W. J.Rose-
Holyoke, Mass.— Bonds Authorized.—The Board of Alder-
borough, Secretary, for $25,000 3%% coupon school-building
bonds. Date, Jan. 1, 1903. Interest annually at office of
City Treasurer. Maturity, $5,000 on Jan. 1 of the years 1908,
Securities will be free from State
1913, 1918, 1923 and 1928.
Howard County, Neb.— Bonds Defeated.— At the recent tax. A certified check for $1,000 on a State or national bank
election the people voted against the proposition to issue must accompany each bid. Blank form of proposal furnished
$85,000 bridge bonds.
by the district must be used by bidders. Bonds will be cerInverness County (P. O. Port Hood), N. S.— Debenture tified to as to genuineness by the United States Mortgage &
Offering.— Proposals will be received until Dec. 81, by R. G. Trust Co., New York City. These bonds were offered but
McLellan, Clerk, for $50,000 40-year debentures issued un- not sold on Oot. 30.
der authority of Chapter 103, Acts of Nova Scotia 1902. DeMadisonville, Ky.— Bonds Defeated. At the recent elecnomination, $100 or multiples. Interest, not exceeding b%, tion the proposition to issue $20,000 electric-light-plant bonds
payable semi-annually at office of Treasurer.
was defeated
fronton, Ohio. Bond offering. Proposals will be reMarion, Waupaca County, Wis.— Bonds Defeated. The
ceived until 12 M., December 6, by Geo. H. Davies, City Clerk, issuance of bonds for water purposes has been defeated by
for §12,000 4% street improvement bonds. Denomination, the voters of this village.
$1,000.
Date, Dec. 1, 1902. Interest semi-annually at office
Mercer, Pa. No Bond Election. We are advised that the
of City Treasurer. Maturity, one bond yearly on December 1 report that the question of issuing $5,000 street- improvement
from 1903 to 1914, inclusive. A certified check, payable to bonds would be submitted to the voters at the recent election
the city of Ironton, for $100 required. Accrued interest to was incorrect.
be paid by purchaser. Authority, Section 2835 of the ReMilton (Village), Miami County, Ohio.— Bond Offering.—
vised Statutes of Ohio,
Proposals will be received until 12 M., November 29, by John
Ithaca, Gratiot County, Mich.— Bond Offering.—Proposals Coate, Village Clerk (P. O. West Milton), for $20,000 6*36
will be received until 8 p.m., November 28, for $5,000 4% re- water-works bonds.
Authority, Sections 2835, 2836 and
funding water-works bonds. Authority, vote of 57 to 8 at 2837a, Revised Statutes of Ohio. Denomination, $1,000.
the election held Oct. 27, 1902. Interest payable at Ithaca Date, May 26, 1902. Interest, semi-annual. Maturity, one
Savings Bank. Maturity, Dec. 1, 1917.
bond yearly, beginning three years from date of issue.
Jamestown, N. Y.—No Bond Election.—The Common
Milwaukee, Wis.—Bonds Proposed. The issuance of $250,Council has turned down a proposition to submit to the tax- 000 school bonds is being considered; also $100,000 bonds for
payers of this city the question of issuing $40,000 municipal- a new viaduct across the Menomonee Valley at Twentylight-plant-extension bonds.
seventh Street.
Keofeuk County, Iowa.— Bonds Defeated.— At the recent
Minneapolis, Minn.— Bonds Defeated.— We are advised
general election the people of this county cast a majority of that the propositions to issue $500,000 paving and sewer,
votes against the proposition to issue $100,000 4% bonds.
$200,000 school-house and $200,000 water- improvement 3%%
Kingfisher, Okla.— Bonds Defeated.—This city has defeated 30 year bonds met with defeat at the election on Nov. 4.
a proposition to issue $22,000 water-extension bonds.
Newark, N. J.— Temporary Loan.— The Board of EducaLancaster, Pa.— Bonds Voted.—At the November election tion has borrowed $20,000 at 5% from the Fidelity Trust Co.
the question of issuing $145,000 water-extension and $250,- Loan will be paid within two months.
000 eewer bonds carried by majorities of 911 and 1,125, reNew Bremen, Ohio.—Bonds Authorized.—The Village
spectively.
Council has authorized the issuance of $28,000 water- works
Lawrenceville, Tioga County, Va.— Bonds Voted.— On bonds.
Nov. 4 this borough voted to issue $7,000 flood-defense bonds.
New Castle, Pa.— Bonds to be Offered Next Spring,— We
Leavenworth (Kan.) School District.— Bonds Voted.—The are advised that the $20,000 Z%% conduit bonds, oids for
election held Nov. 11 resulted in favor of issuing $80,000 4% which were received and rejected on October 27, will prob1-80-year (serial) high-school-building bonds.
ably be again offered for sale early next spring.
men on Nov.
18 authorized the issuance of $720,000 %%% 1-30year (serial) bonds for the purchase of the municipal lighting plants.
—
—
—
—
—
—
THE CHRONICLE.
1168
New Eoclielle, N. Y. Bond Offering.— Proposals will be
received until 8 p. M.. December 2, by Charles Kammermeyer, City Clerk, for |100,000 6g certificates of indebtedness. Securities are issued pursuant to Section 244 of Chapter 128, Laws of 1899. Denomination, $5,000. Date, Dec. 6,
Principal will mature Aug. 6, 1903. Proposals must
1902.
be accompanied by a certified check for $1,000, drawn on a
national bank, and made payable to the City Treasurer.
LXXV.
Muncie Trust Co. at 100'85. Denomination, $500. Interest,
January and July.
Port Huron, Mich.— Bonds Not Voted Upon.— We are advised that the question of issuing the $50,000 light-plant
bonds was cot submitted to the voters Nov. 4, the Council
having reconsidered the resolution.
Port of Portland, Ore.— Bond Offering.— Proposals will
be received until 2 p. m., Jan. 8, 1903, by E. T. C. Stevens,
Clerk, for $150,000 43 gold bonds. Denomination, $1,000.
Date, Jan. 1, 1903. Interest semi-annually at the office of
the Treasurer. Maturity, Jan.^l, 1933. Bids are to be unconditional and must be accompanied by a certified check for
5% of the face value of the bonds bid for, drawn on some
bank in Portland and made payable to the Treasurer o? the
Port of Portland. Accrued interest to be paid by pur-
Purchasers must pay accrued interest.
Park Hill, Out.— Debenture Sale.— On Nov. 17 $3,500 5£
15-year debentures were awarded to the Canada Life Assurance Co. for $3,786. Date of issue, Dec. 20, 1902.
Paulding Special School District, Paulding County, 0.
Bond Sale.— On November 1 $2,000 5% 10-year refunding
bonds dated Nov. 1, 1902, were awarded to the First National Bank of Paulding at 104. Denomination, $1,000. In-
—
terest, semi-annual.
Penn's Grove, Salem County, N. J.— Bonds Not Sold.—
4.% 30-year gold water and
light bonds offered Nov. 14 were not sold.
Philipsburg, Granite County, Mont.— Bond Offering.
We are advised that the $85,000
chasers.
The
—
official
notice of this
the advertisements in this
This city will sell at public auction, at 8 p.m., Dec. 15, $20,000
6£ water bonds. Denomination, $1,000. Date. July 1, 1902.
Interest, semi-annually at the office of the City Treasurer or
at the United States Mortgage & Trust Co., in New York
City, at the option of the purchaser. Maturity, $3,000 yearly
on July 1, beginning in 1904. Bonds are part of an issue of
$80,000 and will be certified as to genuineness by the United
States Mortgage & Trust Co. of New York City. Certified
check for $500, payable to the City Treasurer, required,
John W. Dawson is Mayor and Wingfield L. Brown, Clerk.
Pittsburg (Pa.), Colfax Sub-School District— Bond
Sale.— On Nov. 15 $80,000 1% coupon bonds were awarded to
Sons, Pittsburg, at 102'63— a basis of about
H. Holmes
3*70*.
Following are the bids
H. Holmes & Sons, Pittsburg... $82,096 Seasongood & Mayer, Clncln.... 181,000
Dick Bros. & Co., Philadelphia. 81,00i Denlson. Prior & Co., Cleve
80,971
F. L. Fuller & Co., Cleveland... 81,600 B. H. Rollins & Sons, Boston... 80,124
Donomination, $1,000. Date, Dec. 1, 1902. Interest, semiannually, free of tax. Maturity, $4,000 yearly on Dec. 1
bond offering will be given among
Department in next week's Chron-
icle.
Prince Edward County, Ya.— Bonds Authorized.- On Oct.
29 this county voted to issue $57,000 bonds to aid in bniiding
the Farmville
Charlotte RR.
are advised that the
bonds will not be issued until the road is completed to Charlotte or Danville.
Racine, Wis.— Bonds Voted.—At the recent election this
city, by a majority of 1,964 votes, authorized the issuance of
bonds for sewer purposes. Details of the issue are not yet
&
We
determined.
Randolph County, W. Ya.— Bonds Defeated. —The proposition to issue $50,000 4% court-house bonds did not carry at the
&
recent election.
:
Reading, Pa.— Bond Election Proposed.—The question
permanent-improvement bonds may be
submitted to a vote of the people at the February election.
Richland County, Ohio.— Bonds Defeated.—The proposition to issue $22,000 bonds for the improvement of the courthouse tower and power house was defeated at the recent
of issuing $600,000
.
from 1903 to 1922, inclusive.
Pljmouth, Ind.— Bond Sale.— An issue of $11,750 5% 1-10
year (serial) street-improvement bonds has been sold to the
NEW
[Vol.
election.
LOANS.
NEW
__
LOANS,
#15,000
$4,000,000
WINONA, MINNESOTA,
CITY OF CHICAGO
Refunding Ferry, Road
and Bridge Bonds.
MUNICIPAL BONDS.
Department of Finance,
Chicago, October
1,
1902.
Sealed bids will be received at the office of the City
Comptroller UNTIL TWELVE (12) O'CLOCK NOON,
DECEMBER
15, 1902, for
Four Million
Proposals will be received until eight o'clock P.M.,
8TH, 1902, by the City Council of the
City of Winona. Minnesota, for $15,000 Refunding
Kerry, Road and Bridge Bonds in denominations of
One Thousand ($1,000) each, dated January 1st,
1903.
Interest will be payable semi-annually.
Principal will mature on January 1st, 1933. Principal
and Interest payable at the National Park Bank of
New York City. Bidders will state rate of interest
for which purchaser desires bonds Issued, not
exceeding four per cent, and amount of premium,
if any, based on such rate.
A deposit of five per
cent of the par value of bonds bid for, either in
money or certified check on a bank In the City of
Winona, will be required. Address bids and for
further information to Paul Kemp, City Recorder,
Winona, Minn.
PAUL KEMP, City Recorder.
DECEMBER
($4,000,OCO) Dollars of
Municipal Bords in denominations of $1,000 each. These
bonds are to be dated January 1, 1903, and will be payable
twenty (20) years from that date, bearing interest at the
rate of three and one-half (Z%%) per cent per annum,
payable semi-annually. Both principal and interest being
payable in gold of the present standard of weight and
fineness, at the fiscal agency of the City of Chicago in New
York, and at the office of the City Treasurer in the City
of Chicago
These bonds are to be issued in pursuance of an ordinance of the City Council of the City of Chicago, passed
September 22, 1902, for the purpose of supplying means to
and satisfy an equal amount of judgments outstanding.
Bids will be received for the whole issue or any part thereof a certified check for five (5£) per cent of the amount
applied for to accompany all bids. These bonds may be
retire
BONDS
SUITABLE FOR
Savings Banks,
Trust Companies,
Trust Funds,
Individuals.
&
Rudolph Kleybolte
1
NASSAU
ST..
Co.,
NEW YORK CITY
;
registered as to principal,
if desired, in the office of the City
Comptroller.
The City reserves the right to reject any and all bids.
L. E.
McGANN,
City Comptroller.
INVESTMENT BONDS.
SEND FOR
OENISON, PRIOR & CO.
CLEVELAND.
The
LIST.
BOSTON.
total debt of all descriptions of the City of
Chicago,
judgments
including
the
Blodget, Merritt
above-mentioned
is
$24,000,000
Sec. 312, Paragraph 18.— "The one-flfth value of all property eo
ascertained and set down Eliall be the assessed value for all purposes
of taxation."
The assessed valuation of the City
Making the actual cash value
Co.,
BANKERS,
16
36
is
&
Congress Street, Boston.
NASSAU STREET, NEW YORK.
$400,000,000
$2,000,000,000
STATE. CITY & RAILROAD BONDS.
November
THE CHRONICLE.
1902.
22,
Richmond, Ya.— Bonds Proposed.— Au ordinance
is
that no definite action will probably be taken in the
until next spring.
before
the City Council providing for the issuance of $350,000 bonds
for the construction of sedimentation and coagulating basins
to be built in connection with the city's water-works system
and $55,000 bonds for the construction of a stand-pipe and
November
:
Maturity, $3,000
$5,000
May
1,
1927.
bonds failed to carry at the
N.
N.
28TH, 1902.
Bonds to be dated
1st, 1902. First bond payable ten years
from date and one thereafter each year until all are
paid.
Interest semi-annual.
Bids to be accompanied by certified check for 2% of par value of
bonds bid, payable to the order of the Board of
Education of the Township of Belleville. Proceedings approved by Attorney-General.
The Board
December
reserves tbe rigbt to reject ;tny or all bids.
As to particulars, address Percy Jackson, 31 Nassau
Street. New York City, or the undersigned, to
whom bids should be sent.
District Clerk,
Belleville, N.J.
H
Wagoner, Creek Nation, Ind. Ter.— Bond Offering.— Pro
December 1, by the
prosals will be received until 7 P. M.,
W. HARRIS & CO
,
31 and 33 PINE ST.. NEW VOKK,
CHICAGO.
Bos v ipDeal exclusively In IFIuiiKlpai,
Kallroad and other bond* adaiiiod
ror trust fundm and saving*.
t«SUE TRAVELERS' LETTERS Of ORSDT1
A
VAILABLB IN ALL PARTS Of TBX WOULD
CO.,
Public
Service
Corporation
OBICAGO.
for particular*.
NEW
YORK..
FIRST
T. B. POTTER,
MUNICIPAL and D r*Mr\e
bUNUX)
LIST ON APPLICATION.
ILLS.
&
Co.,
BONDS,
184
LA SALLE STREET,
CHICAGO
MacDonald, McCoy
latest ofering.
WINNE
&.
WINNE,
Building,
WICHITA, KANSAS
this paper.
Co.,
AND CORPORATION
MUNICIPAL
MORTGAGES
&
BONDS.
171
1.
La Salle
&VU81&
Street, Chicago.
£> tn&&tx
& ©0.,
VICKERS & PHELPS,
j
15
.
Kidder
S.
BOSTON.
Send for booklet and
Mention
172 Washington Street,
Railway and Gas Companies.
LIST ON APPLICATION.
00.
On Improved Farms
Netting the Investor 6 per cent Interest.
Wlnne
BONDS*
Cholee lasses.
Chas.
CHOICE OKLAHOMA
street.
Od Devonshire St.
San Franciseo.
PHILADELPHIA
CHICAGO.
-
MUNICIPAL
RAILROAD
CORPORATION
Public Securities,
Bonds.
BOSTON,
ttoaatiseck Building,
street
FULTON & CO.,
-
Mexican Government and State Bonds.
BANKERS,
BOSTON.
Municipal Bonds,
St-
NEW YORK.
CHICAGO.
825,000
FARS0N, LEACH &
Indianapolis Water Co.
CHICAGO,
Broad Exchange Building 25 Broad
E.H.ROLLINS & SONS,
Price to net 1%%.
Salle St.
CHICAQO.
AND
WE OWN AND OFFER
CORPORATION
Counselman Buildin? 238 La
MASON, LEWIS &CO.
MUNICIPAL
Denver.
la 8alle
IM VESTMENT SECURITIES,
Quotations turuiBBea for purocase, sale or aioni>on«
Indianapolis, Ind.
171
Geo. D. Cook Company.
BONDS.
BANKERS
Write or apply
1, 1926, and
Interest, semi-
Oct. 25.
BANKERS.
J.,
NOVEMBER
5%
May
$1,000.
INVES TMENTS.
thirteen $1,(.00 bonds, 10 22 year serial, iH% or 4H56
interest at option of Board of Education.
Sealed proposals on above bonds at 414% and i)4%
interest will be received until 8:30 P. M., FRIDAY,
General Mortgage
$5,000
1925,
1,
Denomination,
LOANS.
SCHOOL BONDS,
F. R.
May
—
We
WILD &
101-82
—
Shelbina, Mo.— Bond Election Proposed.—This place is
considering the question of holding an election to vote on
are advised
the issuance of $24,000 water-works bonds.
J. F.
& Co., Boston
H
—
OSBORNE,
Oldham & Co.. Boston.. 102-170
Blake Bros.
annual.
school
Sylvania, (Ja.— Description of Bonds. —The $5,000
bonds mentioned in last week's Chronicle were authorized
at an election held October 7 and will be issued in accordance with a town ordinance passed Sept. 2, 1902. Interest
annually on January 1. Maturity, one bond of $250 yearly
on January 1 from 1904 to 1923, inclnsive. Proposals for
these securities may be addressed to E. K. Overstreet, Mayor.
Thompson (Town), Sullivan County, N. T.— Bonds Not
Sold. No satisfactory bids were received November 15 for
the $231,000 %%% refunding bonds described in the Chronicle
Oct. 25. Mr. Charles S. Thornton, Town Supervisor, will
now try and sell the bonds at private sale.
Traverse City, Mich.— Bonds Defeated,— The question of
issuing water- works-improvement bonds failed to carry at
the recent election.
Trenton, Mich.— Bond Sale. This village has sold in Detroit an issue of $75,000 electric-light-plant bonds.
Troy, Ohio.— Bonds Not Soli.— No bids were received Nov.
18 for tbe $5,000
park bonds described in the Chronicle
two $5,000 notes for road purposes. One of the notes will
mature in ten years and one in fifteen years.
Scotland County, Mo.— Bonds Defeated.—The proposition
to issue $5,000 jail bonds voted upou Nov. 4 was defeated.
Sedgwick County, Colo.— Bonds Defeated. The question
M.
Merrill.
-
,
FRANK
—
Blodget, Merritt 4 Co., Boiton.. 102*838
102-789
R. L. Day & Co.. Boston
Lorlng, Tolman & Tapper, Bost.l02 438
Saratoga Springs, Saratoga County, N. T.—Bond Offering.—The Sewer, Water and Street Commission will sell at
11 a. m Nov. 25, at public auction, $40,000 1% sewer- disposal
bonds, Authority, Chapter 400, Laws of 1902. Denomination, $500.
Interest, March 1 and Sept. 1, at the Adirondack
TruBt Co., Saratoga Springs. Maturity, $10,000 yearly on
Either cash or a certiSept. 1 from 1922 to 1925, inclusive.
fied oheck for 2* of the amount of bid required. Accrued
interest to be paid by purchaser.
Scituate, Mass.— Notes to be Issued.—This town will issue
#13,000
BELLEVILLE,
at the election held
improvement bonds.
Sterling, Colo.— Bonds Not Sold. No satisfactory bids
were received November 10 for the $40,000 water- works
bonds described in the Chronicle Nov. 8.
Stoneham, Mass.— Bond Sale.— On November 11 $13,000
8)4% water bonds were awarded to Blodget, Merritt & Co.,
Boston, at 102-838. Following are the bids
tional town-hall
election.
NEW
was defeated
4.
Springfield Township, Ohio.-Bonds
Defeated.—This
township recently voted against the issuance of $1,000 addi-
Rochester, N. Y.— Bonds Proposed.—The issuance of $3,000.000 3%i refunding water bonds is being considered.
Rouse Point, Clinton County, N. T.— Bond Sale.—This
village on November 1 sold $10,000 i% 5-14-year (serial) electric light and $5,000 5* 1-5-year (serial) street bonds to the
Champlain National Bank at 101.
St. Charles, Saginaw County, Mich.— Bond Offering.—
Proposals will be received until 12 M., Dec. 1, for $1,500 5#
Denomination, $500. Maturity, one
electric-light bonds.
bond yearly on Jan. 1 from 1904 to 1906, inclusive.
Salem, S. Dak.—Bonds Voted.—The issuance of $6,000
water-works-improvement bonds was authorized at the election held November 4.
Saline County, Kan.— Bonds Defeated.—The proposition to
issue $75,000 court-house bonds failed to carry at the recent
of issuing $11,000 court-house
election November 4.
matter
Sheridan County, Neb.— Bonds Defeated.—The proposition
to issue court-house bonds
_
connections.
1169
New York.
INVESTMENT BROKERS,
HIGHEST GRADE RAILROAD
Wall Street
BONDS.
J[$0ttdSe
523 Western Union
Building,
Gbicaoo, Illinois.
—
—
THE CHRONICLE.
1170
City Council, for $35,000 5g 20-year school bonds. Denomination, $1,000.
Date, Jan. 1, 1903. Interest semi-annually
in New York City. Certified check for 5$ of bonds, payable
to the City Treasurer, required. J. W. Ruble is City Recorder.
Waluenburg, Colo.— Bond Election. An eleotion will be
held December 9 to vote on the question [ofjj issuing $60,000
par value of the bonds bid for, either in money or a certified
check on a bank in Winona, is required.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department,
Woodstock, Va. Bond Sale. This town has sold an issue
of $5,000 4 # 14-year refunding bonds at par and accrued interest.
Date of bonds, Oct. 1, 1902.
Yakima Connty (Wash.) School District No. 58.— Bond
Sale.— On November 8 $2,000 10-year bonds were awarded to
Frank Bartholet of North Yakima at 100-50 for 5 per cents.
Following are the bids
—
—
water- works bonds.
Warren Connty, Iowa.— Bonds Defeated,—The proposition
to issue $5,000 courty-f arm-building bonds was defeated at
the recent election by a vote of about ten to one.
Warren Connty, N.
J.
Bond Sale.— On Nov.
8'this
county
:
to various local investors §15,000 4% bridge bonds. Denominations, 8100 and $500. Date, July 1, 1902. Interest,
semi-annual. Maturity, $5,000 yearly on Jan. 1 from 1906 to
1908, inclusive.
sold
Frank Bartholet
(f or 6sl
Wm. O. Perkins & Co.
W. E. Bell(for5^s)
$8,010
A.
S.
Kean
(for 6s)
Trowbridge
(for 6^s). 2.020
2,011
J2,000
(for 7s). 2.000
& Niver Co.
Yazoo City, Miss.— Bond Sale.—On November 10 the
$175,000 5% water- works, electric-light and sewer bonds described In the Chronicle Nov. 8 were awarded to W. J.
Hayes
Sons, Cleveland, and the Robinson-Humphrey Co.
of Atlanta at 102'68,6 and blank bords.
Following are the
bids:
W. J. Hayes & Sons and RobSniUer & Co.. Toledo
$177,060
*$179,700 Harry E. Miller & Co., Cincln.. 177,027
inson-Humphrey Co
New 1st Nat. B'k, Columbus.... 177,626 :inclnnati Trust Co
177.001
Lamprecht Bros. Co., Clere
176.878
Washington (Pa.) School District.— Bonds Defeated.—
The people of this district voted largely against the issuance
&
of $175,000 8J^£ school bonds at the recent general election.
Waxahachie, Tex.— Bon ds Approved.— Refunding bonds to
the amount of $23,000 were approved by the Attorney-
General on Nov.
LXXV.
[Vol.
8.
Weehawken
(N. J.) School District.— Bond Offering.—
Proposals will be received until November 26 for $33,400 4%
29-year bonds, dated Jan. 1, 1903. Denominations, thirtythree for $1,000 each and one for $400. Interest semi-annually at the Hudson Trust Co. of Hoboken.
Whittier, Cal.— Bonds Proposed.— The City Council is considering the question of issuing $10,000 pump and $5,000 city
hall bonds.
Winneshiek County (P. 0. Deeorsh),;iowa.— Bonds Voted.
This county at the recent election authorized the issuance of
$75,000 bonds for a new court house.
ceived until 2 p. m., Dec.
for the following bonds
Winona, Minn.— Bond Offering.— Proposals will be received until 8 p. m., Dec. 8, by Paul Kemp, City Recorder,
for $15,000 refunding ferry, road and bridge bonds. Denom-
Bonds are dated Dec. 8, 1902. Interest will be payable
semi-annually at the office of the City Treasurer. Purchasers
must be prepared to take the bonds not later than Dec. 8,
the money to be delivered at one of the city banks or at the
certified check for 2% of the
office of the City Treasurer.
ination, $1,000.
Date, Jan.
at the National
Park Bank
1903.
1,
|
<
Yonngstown, Ohio.— Bond Offering.—Proposals will be re1, by Wm. I. Davies, City Clerk,
:
$20,000 6< fire-department bnilldlng bonds, maturing
on Oct. 1 from 1904 to 1918, inclusive.
one bond of $2,000 yearly
Hayes Avenue Sewer No. bonds, maturing one bond of $88 vearly
on Oct. 1 from 1904 to 1908. inclusive.
616 b% Henry Street sewer bonds, maturing one bond of $123 yearly o»
Oct. 1 from 190* to 1»08, Inclusive.
430 5%
'l
A
Interest, semi-annually
New York
amount of bonds bid for must accompany proposals.
Bond Election Resolution Defeated— The City Council has
Maturity,
Jan. 1, 1933. Bidders must[state rate of interest, not exceeding
4%, at which they will take the bonds. A deposit of 5% of the
of
And blank bonds.
1
City.
decided not to submit the question of issuing $250,000 filtration plant bonds to a vote of the people at the present time.
TRUST COMPANIES.
TRUST
*"
06
*
CO.
CENTRAL
MANHATTAN TRUST
COMPANY
TRUST CO.,
WALL
ST., cor-
1
INTEREST ALLOWED ON TIME DEPOSITS.
Separate Department with Special
FacUiliet for Ladies.
Takes Entire Charge of Eeal Estate,
Mortgages, etc.
CHARLES
T. BARNEY, President.
FRED'K L. ELDRIDGE, 1st ice-President.
JOSEPH T. BROWN, 2d Vice-President.
B.
RANDALL. Trust
JULIAN M.GERARD,
Officer.
G. KING, Sec. and Treas.
F.
Ass't Sec.
&
Ass't Treas.
MUNICIPAL BONOS.
STANWOOD &
E. C.
121
Co.,
BANKERS,
Devonshire Street,
BOSTON.
HIGH-GRADE
5%
MINNESOTA BONDS,
Yielding 4M% Net.
Correspondence Invited.
HARRY
R.
POWELL &
CO.
Woodstock. Vermont.
& Undivided
CHICAGO.
Profits,
$2,500,000.
Legal Depository for State, City and
Court moneys.
WILLIAM
OF ILLINOIS,
NEW YORK.
BROADWAY.
J34 FIFTH AVENUE,
Capital, Snrplns
lOO WEST 143T1I ST.
OFFICES:
NASSAU,
Capital,
Surplus,
OFFICERS:
JOHN I. WATERBURY, President.
JOHN KEAN,
,
„.
„
+
AMOS T. FRENCH, Vice-Presidents.
A.
W. N. DUANE, 3d Vlce-Pre*. and Treas.
C. H. SMITH, Secretary.
E. A. SKINNER, Asst. Secretary.
Francis R. Appleton,
Aii:r mi Belmont,
George F. Baker,
II. W. Cannon,
A. J. Caanntt,
K. J. Cross,
Ellis,
H. Latham,
Oliver H. Payne,
E. D. Randolph,
Grant B. Schley,
J.
Rudulph
James
AiiiomT. French,
John I. Waterbnry,
R. T. Wilson.
John Kean,
MAX PAM, General Connsel.
DIRECTORS!
Hill,
Daniel S. Lamont,
O. Sheldon,
UHRLAUB,
WILLIAM R. DAWES. Cashier.
CHARLES T. WEGNER, Asst. Cashier.
MALCOLM McDOWELL, Asst. Secretary.
190'Ji
James J.
ii
.1.
MAX
OFFICES
LONDON, CITY OF MEXICO,
NEW TORE,
specialty
of all kinds of Trust business in Mexico,
being legalized there.
Maryland Trust Co.,
>
.
\Y.
Corner Calvert and OermanlStrMt*.
BALTIMORE.
CAPITAL,
-
SURPLUS,
•
FOR SAFES, VAULTS, Ac
Cannot be Sawed, Cut or
Drilled,
and
positively
Burglar Proof.
CHROME
WORKS.
and Hooper Sts..
BROOKLYN, N. Y.
STEEL.
Kent Ave., Keap
aaleMan'f'erslntheU.S.
$2,125,000.
-182,437,500.
•
for Court
and Trust Fumia.
Lends money on appror«4
eral trust business.
security. Allows interest on special deposits. Acts
as Trustee under MortuuRes, Assignments and Deed*
of Trust, as Agent for the Transfer or Reststratloa
of Stocks and Bonds, and for the payment or coupons.
Interest and dividends.
J. WILLCOX BROWN, President.
DO IN, 1st Vice-President.
J.
LLOYD L. JACKSON. 2d Vice- President.
J. BERNARD SCOTT, Secy. & Treas.
NESS, Asst. Secy. A Treas.
CARROLL
HENRY
Flat uars and 6-Ply Plates and Annie
TRUST
Acts as Financial Aftent for Stifles, Cities. Towns.
Railroads and other Corporations. Transacts a gen-
The Trust Company makes a
Bound and
ALEX. H. REVELL.
SAKE DEPOSIT BOXES. .FOR RENT.
SECURE BANK VAULTS.
GENUINE
WELDED CHROME STEEL AND IRON
GRAEME STEWART.
THOMAS R. LYON,
SAVINGS AND
DEPARTMENTS.
A Legal Depository
CHICAGO, EANSAS CITY.
HAItBT RUBENS.
CHARLES G. DAWES.
& Mexican
Trust Company.
FRANK ©.LOWDEN
BARLING.
PAM,
CHAS. T. BOYNTON,
CHARLES' DEERING.
P. A. VALENTINE,
A.
BANKING,
United States
President.
Vice-President.
Vice-President.
LAWRENCE O. MURRAY, Sec'yA Trust Offloer
DWIGHT, Trust Officer.
DIRECTORS,
DAWES.
G.
W. IRVING OSBORNE,
,
F.
1,000.000
CHARLES
.
)
$4,000,006
The cheapest that are good; the
BONDS
best at the price.
AND STOCK Wm A. Marburg,
CERTIFICATES H.J Bowdoin,
partly lithographed ami partly printed ; finished In a frw
dnvhj handttomc deslgnst must he *ren to he
Apprcclnti'tl.
Bend fur sumplii.
ALBKRT T*. KING- Sc CO.,
KngraTer. and Llthograiihom,
(Ttlrphone Connection.)
105 William
St.,
>•„ York.
Leopold Stronse,
Henry Walters,
BOW
VAN
DIItEClORS:
.I.Willcox Brown,. J. A. Tompkins.
S. Mandelbaom,
R. N. linker,
Fred'k W. Wood. John Pleasant*.
i
,
Andrew D.Jones,
.1.
L
lUackwell,
W. B. Brooks Jr., Joshua Levering, Geo. V. Jenkins.
John 8. Wilson
Lloyd L. Jackson. James Bond,
J. S. Lemmon.
J. 1>. Baker,
H. A. Parr,
G. A. von Unpen, L. F. Lore©.
Clayton C. Hall,
1
@FedFRASER