The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
.
. .
.
7
.
•pnaitrjai
nvmt0
Entered according
VOL.
to
Act of Congress,
in the
year 1902, by the William B.
SATURDAY, NOVEMBER
75.
CLEARING S—FOR OCTOBER
ALSO SINCR JANUARY
1.
1902
1902
AND
AND
1901.
In. or
L>ec.
1901.
193,781,016
Washington
Albany
048,817
Rochester
Scranton
Syracuse
140,516
143,191
Wilmington
.
\;
.
is
Biugliamton....
Green sburg
1908.
1901.
Chester
Frederick
Total Middle.
%
17,148
i
10,757
,
17,822
75.998
.
734.015,494
Chicago
Detroit
Colmnbus
Milwauke."
Indiana]
Peoria
<
.
Toledo
Grand Rapids...
Dayton
Evansville
Akron
Springfield.
-102
+4-2
+25-1
+18 -9
—3-0
+ 24-0
-l-i-o
+164
+2-0
-t-2-6
4-7-4
13,742
4,549.793 +12-3
8,875,645 —17-7
Lexington
Canton
Rockford..
Ohio
Bloomington
Quincy
MansHeld
Springfield.
Jacksonville, 111.
Jackson. Mich..
Ann Arbor
Total M. West.
134,814,468
21,824,416
15,560,145
21,471, mm;
18,647,4.12
Seattle
Portland
Spokane
9,727,368
8,5 9,541
Tacoma
Helena
Fargo
Sioux Falls
2.57'.
i.'. I!
Hi
3,048679
1.44*i. 079
Minneapolis
Omaha
Paul
Joseph
...
Sioux City
Topeka
Davenport
Louis
14,130,05'
Memphis
Atlanta
Nashville
Norfolk
Macon.
Chattanoi
la
1
Vancouver
Hamilton
. .
Total Canada.
--16-1
--12-0
--24-9
--309
--12-0
--21-5
--18-4
--142
-
-10-0
+7-0
15 877,08'
14 022,600
11 957,283
+320
+54-2
5.982,653 +43-2
5,583,851 —o-i
2,235,3138 +36-4
1.272,238 +13-7
123 ,788,635
70 212,571
57 ,804,975
23 737.507
497,156
11 174.129
18,
—5-5
+248
+91
+334
-17-3
--23-0
-
--165
--235
--20-3
--16-9
--17-0
--38-3
--20-8
+7-4
14 099,805 +39-2
682,013
423,55"
Hi 390,925
12 041,153
452,536
196,573
239,441
071,745
14,
13,
+14-2
4-18-3
423-1
—07
+2634-18-1
4-17-8
4-16-1
+10-6
962 855,512 +15-5
,420,068
1,814,442
1,130.721
Portland
Fall River
Lowell
New
Bedford
Holyoke
Total
New
England.
Chicago
Cincinnati
Detroit
Cleveland
Milwaukee
Columbus
India-'apolis.
Peoria
Toledo
Grand Rapids
Dayton
EvansviMe
5.13,128
595.763
408,691
579,800
553,910
392,821
341,352
529,591
143.782
111
Akron
Kalamazoo
Rockford
Springfield,
O
Canton
Jacksonville
Quincy
Bloomington
Jackson
Ann Arbor
Mansfield
Total Mid. Western
San Francisco
Lake City
Los Angeles
Portland
Seattle
Spokane
Tacoma
Helena
Fargo
Sioux Falls
Total Pacific
Minneapolis
St.
-t-15-3
-22
—49
+18-8
+0-5
+23-1
+8'3
+21-1
-147
—47-3
+26-0
—1-2
301,825,788 +10-3
197,614,628
57,126, 683
39,402,672
28,090.120
21.909,500
16,901,125
21.884,303
15,795,147
13,220,866
6,865,982
6,501.792
8,885.038
7,581,154
4.240,111
4,284.435
2,907,882
3,973,000
2,155,195
1.553.495
107.848.849
73,937,863
21,650,466
7,480,827
5,343,027
4,318.838
3.964.234
2.414,855
226,858,959
3,585,703,580
--27-2
--23-0
--20-5
+:>, 7
—32-3
+11-3
+8-3
+104
2,102 ,219.404 1,835 102,371 +14'6
463 ,439.87:: 414-9
532 197.361
414 ;969,968 383 ,637,844 +8-1
+18-3 242 319,681 180 332,170 +34-4
—6-7 153 207,000 152 4:, 5,75" +0-5
9,536.220,591
3,809,933,63;
40-7
+102
461,553,128
1,366,778,670
815.392,244
567,333,127
300,314,683
236,465,603
196,586,452
191,603,461
87,625,133
67,280.238
56,629,968
45,742,333
26,618,291
25,774,305
7,090,459
+3-9
4-9-1
+11-8
-22-7
177 775,705
139 ,375,72'
133 634,92'
102 796,604
73 864,452
62 612,328
29-3
58,,163,453
10-5
373
111
28-8
+2o'5
+360
4-40-:
+13-3
+28-0
60 ,441.605
45 ,877,869
38 152,500
33 052,166
29 444,000
22 923,954
15 770,054
4,438,799,478
105 184,583 +7-5
144 ,550.710 -30
120 ,921,823 +10-5
:
86 852,054 4l8-4
64 ,160,671 4i5-i
58 952,849 +6-2
52 ,598,77 +10-0
61 262,8 70 —1-3
3' ,969,112 +20-8
26 ,788.043 442-4
26 ,626,545 424-1
27, 921,000 +5-5
19 837,459 +19-2
13 ,360.309 4l8-0
3,921,480,819 +18-2
98,127,716.112 98,915,785,709
+7-9
78.250,940 +37
53,983,37 4-35
15,174,89 4-42'
7,250,974
4,948,259 +t
4,445.605 —2
3.905,248 +1'
2,772.174 -12'
170,731.474 +32'
34,504,833,234 32,172,001,859
728,703,357
918,818,086
674,554,343
509,626,415
93,511.696
141,913,039
73.401,899
71,898,23
44.949.303
38.955,530
34,993,481
37,456,467
33,754,755
34,714,444
26,116,038
22.051,257
1,948,813,838 1,537,614.509
— 0-3
+ 7-2
+20-1
432-4
451-8
+2-2
+15-4
+7-0
42-8
-121
+26-8
B^~Table Clearings
l»y
8,200,000
6,097,220
3,020,569
3,134.099
1,583.085
1.580,997
977.951
Y oungsto wn
Lexington
Salt
190,522 --28-7
150,032.566
164,515,580
20.715,900
9,700,000
14.161,001
Springfield,
115 792,62 --339
46 374,284 --51-4
48, 975,146 418-0
28, 255,528 —16-0
14, 845.290 +24-6
9, 175,876 421-8
946,055
405,194
696,708
475,512
6809.064
129, 392,230 4-54 '9
148; 455,750
96,
1,609,285,09'
1
Worcester
+151
r
St. John
^Victoria
--307
99, 880,825
57, 869,339
50, 788,729
41, 087,554
24, 310,000
22. 403,520
18! 476,536
17, 844,380
21; 430,498
+93
New Haven
Sprintifleld
+8-1
+20-0
+9-1
5.322,166
5,824,868
4,075,863
4,501,000
...
Knoxvtlle
Halifax
--26-1
122 ,818,760
67 413,620
62 737,788
49 427.636
28 ,423,500
26 ,206,725
25 ,556,539
21 559,278
23 ;012,491
20 457,254
16 764.129
+107
337,100
483.346
518,362
746,671
132,182,152
6.669,300
2,246,335
1,800,079
Boston
Providence
Hartford
+190
7,2011,225
Toronto
Winnipeg
--25-0
6,31 M i,251i
509,102,002
Savannah
[Montreal
--194
--106
118,288,132 +140 1.111 669,037
14,374,247 +51-8
200 ,382,194
18,2X3,132 -149
141 ,091,769
18,039,345 +190
155 ,094,212
<7,271
1.512,1 i50
...
Galveston
Y
--11-9
--38-0
+9-8
Wheeling
Wiikes Barre
Total Middle
754,750,206
470,370,213
275,875,268
205,394,378
190,316,525
190,330,714
68,806,320
54,678,969
46,992,524
44,120.838
39,326,500
23,155,001
6,535,390
2.024,456,35^ 2,376,725,458
42.991,190
33.951 122
20,424 500
18,899,556
19,588,978
81,689,928
14,691,701
8,843,148
8,050,612
11,488,070
Richmond
2s'.
4-14-7
—29-2
+22-8
0,962 ,084,142 6,339 420,248
895 .139,550 808, 873,150
636 839,599 582, 493,134
433 .047,179 458, 038,710
338 ,802,200 271. 403,400
290 ,322,845 206. 171,897
219 628,089 164, 585,872
99 073,050
116 ,257,973
1,32
1.062,364
Chester
Greensbun;
1,914,052,185 1,000,312,765
217 854,935
59,425 719
Louisville
I
+53
+16-9
—34
Scranton
Wilmington
Blnghamton
+180
833,026,991
New Orleans
Total So
Total all
+
10-2
209,587
35 225,704 +19-3
24 751.351 —5-6
19, 572,398 +14-5
14 886,887 4ll-4
55.
use
+16-8
733. 181
West
Jacksonville.
+3-6
67 531,248 +10-8
61 062. USD +10-5
64 705,987 +9-6
125,869
5,
88,871.781
76,037,183
84,444,965
25,6 12, IDS
21,928,093
21,448,722
7,658,083
7,282,111
5,659.686
5.562,156
3,967,350
2,611,230
742,230
2,091,429
8.290,597
Fremont
Augusta
Fort Worth
Birmingham
Little Hock
74,844,338
67,454.492
70,933,399
60,868.166
42,028,870
23,376,404
22,403,768
16.585.451
+15
21,113,27
3,089,73s
3,477,599
2,272,138
1,194,670
201.495,852
4,741
Colorado Springs
Wichita
.
6,040. 646,619
288, 623,100
113. 472,169
117,601.919
0. 1950.
Kansas City
Omaha
Paul
Denver
Joseph
Des Moines
Davenport
Sioux City
St.
Topeka
Wichita.
Fremont
Colorado Springs
Total other West'rn
St. Louis
New Orleans
Louisville
Galveston
Houston
Savannah
Richmond
Memphis
Atlanta
Nashville
Norfolk
Augusta
Knoxville
Fort Worth
Birmingham
Macon
Little Hock
Chattanooga
Jacksonville
Total Southern
Total all
Outside New York.
Montreal
Toronto
Winnipeg
Halifax
Hamilton
St. John
Victoria
Vancouver.
Quebec
Ottawa.
Total Canada
1901.
November
Inc. or
238,1
309.050
140,151
58.244
222.239
>6
-.'
1,80
,5
- 154
340,000
320,465
358,93'
282.364
1,549,350,537
749 944
1,470,587
1,305.497
831,000
1,258,502
160.947,928
—68
152.552,364
144 439,531
14,793,300
8.230,084
10,610,161
5,642,032
5,817,300
3,209,667
2.829,591
2,195,534
1,125,580
1,193,270
998.013
255,688
432,213
458.018
489,000
356.913
268,498
298,079
284,811
131.723
199,722
242,535
140,000
159,682,881
17,657.100
12,730.576
14,153,680
6,474,742
6,500,000
4,420,805
2.830.S70
1,986,321
1,367,926
1,191,376
853.495
474,499
500.3:
407,565
552,000
394,536
312,848
304,054
350,652
150,694
278.408
300,134
138,246
41,823
65,000
1,50
1.182,172
-,:
390
377,100
358,924
325 000
177.408.432
134,294.715
14,410,250
8,296,313
10,5.86,410
0,190,680
5,394,100
3,156,698
2,117.472
1.919,365
1.350.317
1,031,162
943.819
367,913
465,685
442,456
417,100
379,309
207,528
252,518
283.726
140.733
50.000
204,252.353
24,191.077
2,442,921
2,647,109
2,099,918
2,538,060
1,274,057
1,175,000
3,082.1345
3.626,096
1,289,723
1,300,000
608,050
468,291
288,573
613,512
350,743
174,425
+ 12-0
192.708 225
26,070,551
2,600,619
2,313.399
1.895,222
2,802,912
1,781.760
1,151.596
758,835
498,289
151.45»
37.507.422
18,998,479
16,183,865
5,922,260
5,147,150
3.760,085
3,247,669
1,568,120
948,180
1,802.409
897,510
452,308
100,466
840,762
—05
+5-4
4-o-i
+23 '4
+1-9
+123
—25-9
+2-1
+234
+38-8
+3-9
—59-5
40.090.643
15.619,431
15.113.244
6,823.498
5,703.858
4,325,722
3,274,536
1,391,964
1,119,173
1,177,595
374.696
437,799
111,758
59,368.268
+18
66,627,885
43,319,974
11,311.84"
55.473.274
31,052,515
9,884,391
9,537.157
4.056,850
4.632,257
3,818,695
2,983,385
8,096.571
31,488,e
11,123,318
9,293,644
4,524,500
6,235,892
5,529,915
3,108,145
8,882,751
2,275,146
1,400,567
1,573,371
1,159,302
543,004
1.166.641
1,000,000
880,000
8,380,80'
4,494,500
7,383,085
4,697,730
3,619.032
3,867,458
2,428,083
1,495,243
1,398.355
1.810,210
527,635
1,589,583
1,058,833
037,000
721.201
582,241
310.081
600,000
303,127
110,900.114
99,638,970
2,238,123,771 2,156,210,361
799.396,440
815,031,392
20.621,634
16,309,151
12.476,351
11,718,035
3,508,558
4,536,998
1,649.108
1,653,293
989,51)8
828,222
748.588
779,585
545.712
521.706
1,020.765
1,123,978
1,354,586
1,392,261
1,530.565
1.541.722
39.390.008
45.460.408
Telegraph on page 100!».
1,146,660
1,236.898,793 1,448,521,750
134,063,026
157,961,870
7,119,400
6,803,100
2,334,838
2,456,946
1,424,727
1,684,233
1,777.473
1.695 107
1,634,773
1,677.863
1,424,120
1 ,666,941
1,201,659
1,159.038
548,670
672.353
1,131,910
644.098
648.073
673.584
141,324.689
7,833,300
2,462.717
1,457,390
1,666 998
1,769,881
1,585,564
1,070,392
538,873
795,271
492.853
45.456 983
18,854,707
18,721,486
6,768,265
6,619,884
3,857,597
4.479.283
1,630,178
1,168,380
1,579,523
1.276,025
576,793
165,574
935,184
45,924.551
13,500,000
9,686.070
4.855.500
9,500,000
4.348.311
3,595,038
5,240,589
2,797,2 13
1,572,079
1,657,772
1,757,094
,
643,185
765.902
50,896.442
22,377.642
18,021,046
7,125.097
6,623.764
4,760,100
4,564,230
379.930
71.206.386
:
8,276,107
1,621,121
1,173,145
1.096,614
767,885
482,400
4468113
3,549,200
2.397,084
234.188,058
27,706,728
3,861,828
3,224,449
1,612,825
1,575,529
800.611
171,974
1899.
1.072,849,698 1,284.866,145
87.91 ?,409
97,83 1.7 58
88,713,706
32.549,400
20,i
15,871,409
4,829 20
5,66
245.638.100
29,389,109
3,312,801
3,608,863
4,271,988
4,613.226
2.192,644
2,103,478
450,000
625,447
328,786
1,831,8.50
8'i6,788
1902.
1.
1900.
Dec.
22,'
1
1,
1901, 1900, 1S99.
1,423,092,479 1,350.813,915
103,946,290
113.294,997
39,781 ;,91
36,261,641
Buffalo
103,775,986
87,688,249
33,697.829
30,426,104
20,854,854
21,558,005
9,426,793
7,886,104
6,854,873
Ci1
To. other
— 35
72,166,620,553 '4,802,169,378
02
Washington.
Albany
Rochester
237,690,563
Total Pacific...
.
—3'8
16,108,344 +11-2
13,255,135 +13-8
6.556.470 +7-6
16,0.15.21111
4-249962,722
,908,957
4-131
813,655
,496.216
+7-7
724,878
,352,751
+17-1
425.274
,565,201
+7-0 10420074,118 9,429,409,250
1,122,334.503 1,048,776,526
San Francisco..
Los Angeles
Salt Lake city...
Denver
Des Moines
56,30 l.s: iv +5-7
50,512,569 +9-9
43,471. 90s +12-6
—1-0
1,534,748 +15-7
725,128,078 +1-2 6,557,113.421 6,785,688,039
2.472.43'
80,101,900
60,313,873
59,594,449
31,320,200
30,304,445
19,060,285
11,358,501
10,840,023
6,326,810
5,669,780
4,150,121
2,611,800
2,441,939
2,179.892
1,909,436
2,059,379
1.724,614
1,576,548
1,456,208
1,232,390
1,199,400
276,150
719,051
672,707
363.455
2,782,054
2,499,252
2,317,813
2,094,330
1,886,828
1,663 268
1,436,348
1,283,159
59.521,916
55,506,048
48.950,324
15,433,700
17,918,933
15,080,216
7,054.270
4-T0 5.768.004,914
+1-0 293,011,700
71111.295.104
2,733,1 10
111...
Youngstown
Kalamazoo
Outside
—4-8
—34
.857,1 14
93,630,450
LS6.087
42,209.640
173,000
33.909.640
26,400,333
13,565.326
13,619,808
7.378.010
7,150,307
5,430,201
3,031,900
Cleveland
Houston
7
.17,104
:
Cincinnati
St.
6,103
5,906 589
6,743 852
1,563
(i.;
Holyoke
Total N.Eng.
St.
St.
Philadelphia
Pittsburg
Baltimore
637,213.036
35,642,900
12.054,380
7,354,172
6,860,711
12.900
12,18
Bedford.
Kansas
New York
4-14:; 1,803,505,575 1,713,321,042 +5-3
+5-1 1,006,07s. 129 996,8 6,770 +0-9
im
+1-0 .247,482 149 250,520.613 —1-2
117,034 541 +32-2
154,681,587
11,987 SIM) 4-33-9
4-13-(i
131,408,393 4-10-4
145,115,144
14,82]
97,199,185 4-16-7
118,458,036
9,842 043 +15-2
.0;
6,797,440,619
Springfield
New
II
4-6-7
109,123
New Haven
at—
Dec.
-4-7
581,800
Boston
Providence
Hartford
Worcester
Portland
Fall Kiver
Lowell
h',it trigs
4-26-0 63,622,882,878 66,743,783,850
5,950,517, Oil
L.824 608
1,467, 488
736. 013
2.28
JS
en&i/no
i
i
Bufialo
T
1902.
ALSO SAME WEEK
305 4-10-2 1,853,951,642 4,549,71'i 529
345,039
...
the office of the Librarian of Congress.
CLEARINGS— WEEK ENDING NOV.
1901.
>
Kew York
8,
in
Ten Months.
Uctober.
Clearings at
Philadelphia
Pittsburg
Baltimore
Dana Companv,
6'29,431
386.373
226.458
+11-4
86.443.748
+3-8 1.777,022,948
+2-0 704,173.250
+26-4
14,046.416
I
+65
+101
10,103.906
2.344.477
1,570,412
760.975
658,892
627,552
1,000,000
+2-8
—0-7
+15-4
•i2.118.6S0
+29-3
-0-2
—16-3
+4-1
—4-4
'2.098,215
1,495.049
1.618.5:41
1.000,556
627,058
711,876
900,000
627,000
458.059
405.381
205.035
79,203,094
,993.410.418
709.144.273
14.800,614
11,273,050
3.145,568
1,300.000
944J239
589.540
774 390
827,683
33.054.flS
;
THE OHRONICLK.
1000
TEE FINANCIAL SITUATION.
present
correctly
financial
[Vol. jlXXV.
status
and
shows
clearly
and
the
weaknesses in the situation ; his
being
to
sound
"merely
a
conbeen removed, another assumed obstacle to a new pro- servative note of warning.
I believe," he adds,
gressive movement Is put out of the way. We do not ex
"there [are in the situation tendencies in which
pect, however, that any greater Wall Street buoyancy are elements of possible danger.
On the other
will be extracted from this incident than followed the hand I by no means forget the long list of favorable
settlement of the coal strike. Deeper causes have conditions upon the opposite side of the account."
arrested speculation which neither event removes- Unfortunately, however, he fails to dwell upon these
Evidence of one of these lies in the condition to day "favorable conditions," and in that way leaves, we
We have in late think, upon the reader's mind too sombre an impresof our foreign exchange market.
Not only baa our sion. We wish the address had covered also the
years been using up capital fast.
own floating supply been quite severely taxed, but brighter side. When, however, he remarks that "this
Now that the fear felt with regard to the elections has
we have been borrowing
and purchasing
purpose
not a time for the expansion of bank credits," Mr.
securities and commodities so largely in «Europe Vanderlip touches the center of the storm cloud
that the outstanding liabilities are pressing for he has been describing.
arisen largely
It has
payment.
In this situation lies the secret of much out of the free and indiscriminate method our
so freely
of the disquietude felt over the high rates for ex-
is
adopted in making
change and
loans not only giving life but supporting fanciful
The mere movement of the gold is a matter of indiffer. values to properties about which nothing was known.
ence.
If we were lending it to Europe, or if we were As the source of the derangement was the work of our
merely paying an ordinary trade balance, the outflow financial institutions and individual money lenders,
would hardly cause a ripple on the surface of affairs. so also the cure is practically inside our bank parlors.
The transaction is of quite a different character. While The truth is that Stock Exchange prices in an active,
our own monetary resources are already strained, here buoyant market cannot, with safety to the public, be
for payment; the accepted as the standard for credits on small maris a large floating debt pressing
the United States does not liquidate gins. By following up such a market with ready
transference to
it, but merely adds it to the burdens our financial inloans to^every^schemer, those who furnish the money
stitutions must provide for.
We are fully able to take merely help cunning men to get rich out of the small
care of every such obligation and will do so without savings of the industrious classes.
any explosion. But what we mean is that neither the
favorable out-turn of the election nor the end of the
Why are these crises a constantly recurring incident
strike, nor easier money, will bring buoyancy to the in theJUnited States?
We might say it was because our
security market at present, and what has been said financial institutions pay interest for deposits they
calls attention to one of the hindrances to a recovery hold, and after being at that expense for them they
The matter of atof confidence.
are forced to^keep them active.
tracting money by bidding for it is we are persuaded
Two weeks ago in this column (Oct. 25, page 876, an evil that cannot be corrected. IE our banks were
first item) we referred to "a concensus of opinion in by law shut out from the privilege, other monetary Inbanking and financial circles " against any immediate stitutions would secure the deposits thus disallowed.
renewal, even in a modified form, of the" speculation The only result would be that banks would have to go
We also gave out of business, but the evil would exist all the same.
so long in progress in Wall Street.
the reasons why action In accordance with There is but one way in which a remedy can be obtained
some of
that sentiment was wise. L^st Friday night the Hon- it will not work a cure, but would act to an importF. A. Vanderlip, Assistant[Secretary of the Treasury ant degree as a palliative.
What we refer to is a radical
during President McKinley's first administration and change in our currency. The periodic congestion at
now Vice-President of the National City Bank of our trade centers is largely caused by the circumNew York, delivered an address at a dinner of the stance that when the need has passed for extra supChamber of Commerce in Wilmington, Delaware, plies of currency to move crops, or for other special
which voices that opinion. The speech is an elaborate purposes, there is no legitimate occupation for it untreatment of the financial situation and outlook, and til another crop movement occurs. In the meantime,
well deseives the attention it has received. Mr. Van- as none of the various kinds of currency we use hag
derlip passes in review each phase of the industrial de- any homing quality, it is all kept afloat, gravitating
velopment through which our financial and commercial towards points where speculation is most active and
expansion haB brought us. As we all know, it has been where it remains to stimulate hazardous transactions.
most interesting and wonderful growth and would We have written upon this feature often, and there is
well repay even a fuller development.
Still, in Mr. no need on this occasion of doing more than calling
Vanderllp'a address we have the leading data, and no attention to one of the harmful attributes so recently
one can question his facts. "Whichever way," he active of our existing currency system pressing for
says, "we turn, we find that the figures measuring correction.
the volume of business, the extent of industry, the
growth of financial importance, have in these last
We are beginning to discover in a more definite
half dozen years made an apparent gain equal to the way, as the Government reports come out, the sources
entire total six years ago.
It is hardly too much to of the additions to the volume of currency put afloat
say than in six years we doubled the figures measur- during the past month which has among other
ing the apparent extent of our annual domestic busi- changes resulted In the material enlargement of the
ness."
gross reserves carried by our Clearing House banks.
From tfcis basis of rapid enlargement and extensions These additions to the aotive circulation cover, of
he notes the rise of the disturbing features in our course, the net sums let out of Sub Treasury hoar ds
the threat they afford of gold exports.
financial
institutions
have
—
—
—
J
November
8,
THE CHRONICLE.
1903.
the net imports of gold, the home gold product and
the new bark-note currency issued. In estimating
the last item mentioned, "new bank note currency
issued," we have also to consider the increase or decrease in the
to take
is
amount
in process of retirement, because
up bonds on deposit
for currency
technically called retire the notes,
them
so far as the
bark
is
concerned.
of
them
in
is
tion of this gain, in part as the result of larger rran 8
actions on the Stock Exchange, the total of the sales
for
the
month having been 16£
million shares as
against only 14 million shares in October last year.
Bat outside
of
New
York, where Stock Exchange
and do what speculation does not constitute so much of a feature,
only retires the showing is much the same, the only difference
From
the date
of that act, although the banks are relieved from responsibility for the notes, they are for the time being
as completely in circulation as ever, and the drawing
and destroying them
1001
a slow matter, done
by the United States Treasurer.
being that the ratio of gain is not so large. Eliminating the clearings at this centre, the test of the
country shows roughly an improvement of 8 per cent
over] last year, following a gain of 17*6 in
1900.
Among
the leading cities there
is
1901 over
ecarcely one
that does not record improvement over last year.
As
and allowing for the a matter of Jfact, both at New York and outside of
variations referred to, we find the net of bank notes New York the October clearings are the heaviest ever
If we compare with 1900
afloat October 1 to be $366,993,598 and on November 1 reached for that month.
the similar total $380,476,334; in other words, the and 1899 we find that the exchanges for the whole
increase of such notes outstanding during October country were, respectively, 7,621 millions and 8,338
was $13,482,736. A further interesting fact worth millions in those years, as against the total of 11,367
Outside of New
noting having, however, no influence on the October millions for the present year.
increase in bank notes but giving promise of additions York the clearings are 3,870 millions for 1902,
with 3,585
millions
for
1901
and
in November is that the municipal bonds accepted comparing
pledge for public deposits in October were $16,377,- 3,045 millions and 3,081 millions, respectively, for
as
Considering the hindrances im590, while the new bank currency issued that month 1900 and 1899.
was oily $12,399,900; since the first of November fur- posed on many lines of trade by the anthracite
ther changes of the same character have been in coal miners' strike, these results are certainly signifiprogress until the total reported Nov. 6 reached $18,479,- cant, and indicative of a steadily growing volume of
Taking the
official
figures
—
—
500.
As these changes
in the security pledged are only
trade.
When
the cities are arranged in groups
it is
found that the remoter parts of the country make on
the whole the best comparisons. The New England
group shows only 1*2 per cent increase over last year's
figures.
In the Middle West, on the other hand, the
gain amounts to 7 per cent. For the Far Western
group the increase is 10 '3 per cent, which also is the
ratio of gain for the Southern group.
The Pacific
Coast group records as much as 18 per cent inciease.
in these ways was nearly $34,000,000. If, then, to the The particularly gratifying feature, however, is that
foregoing items we add our own gold production with the gains are general, and extend to all parts of the
the imports, including the movement from the Klon- country, the percentages alone varying.
dike, which together aggregate about $13,000,000, the
In the matter of railroad earnings, the statements of
total additions to the currency afloat in October would
aggregate about $60,000,000. Of this total the New the Pennsylvania Railroad may be accepted as a pretty
York banks now hold a considerable proportion. Ac- reliable indication. This system is looked upon as
cording to the return of September 27 their gross typical of the country's industries, especially in the
reserves were $222,366,400 and on November 1 the same matter of its iron and coal tonnage and the large
item had risen to $244,786,900; in other words, there and diversified nature of its general business. It
was a gain of $22,420,500. When we remember that is therefore very suggestive to find that the gains,
'n addition to the foregoing there had been a Sub- both on the Eastern and the Western lines, continue
Treasury outflow in progress previous to the first of very imposing. The figures in this instance cover
October, easy money would seem to be an early proba- the month of September, it being far too early
bility.
The only uncertain facts are whether the Sub- yet to have audited returns for the month of
Treasury transactions and gold exports will act so as October. On the lines directly operated east of Pittsto deplete the enlarged bank reserves.
burg and Erie, a gain of $1,120,800 in gross earnings
as compared with September last year is reported, and
All the trade records continue to evidence the great on the lines west of Pittsburg and Erie a further inactivity of business
which prevails in industrial crease of $745,900, making altogether an improvement
circles and which the excellsnt harvests realized the for one month on this single system of $1,866,700. In
present summer must continue to stimulate for some another particular, the Pennsylvania return is also
time to come. Returns of railroad earnings afford significant we mean in the matter of the large augtestimony from one direction of this active state of mentation in expenses.
On the Eastern lines extrade and reports of bank clearings furnish evidence penses were added to in amount of $989,000 and
from another direction. We present to-day oar com- on the Western lines in amount of $616,300, makbank clearings for the month of ing combined an increase of $1,605,300.
pilations of
As a
October, and they show that
the aggregate of consequence the
addition to the net was only
the bank exchanges at all the clearing houses in the $131,800 on the Eastern lines and $129,600 on
country reached 11,367 million dollars in October the the Western lines, or $261,400 together. The reason
present year as against 9,536 million dollars in October for the heavy augmentation in expenses must be
last year, the increase being over 19 per cent.
Of sought of course in the higher cost of labor and
course New York has contributed a considerable por- materials combined with the greater volume of freight
permitted in cases where the bonds are to be used for
new national bank notes, the foregoing statements show
that there is to be a further enlargement of those notes in
coming weeks. Another important source of currency
increase has been the Government disbursements on
account of bond purchases under the order of October
17 and the interest en the Government debt anticipated; the amount of money put afloat up to Nov. 1
—
THE CHKONICLE.
1002
moved, and we must also presume that the managers
are taking advantage of the large earnings to farther
extend their renewal and betterment work.
It is
needless to eay that the present improvement follows
very large gains in previous years.
For example, in
September last year the gain on the combined lines
reached $1,553,900 in gross and $734,000 in net. The
following furnishes a six-year comparison of the gross
and net results on the lines East of Pittsburg and
Erie the only portion of the system for which wo
have the data for such a comparison.
—
Links bast of
Pittsbubo.
1902.
1901.
1900.
1809.
1898.
1897.
September.
•
$
t
f
6,644,439
t
5,790,139
6.859 639
4,265,728
8,567,428
3,709,728
2,378,711
2,222,711
2.149,911
9,822.750 8,701,950 7,338,639
Grot 8 earnings..
Operat's expenses 6,264,440 6,866,410 4,417,428
Net earnings..
3,568,310
3,436,610
2,821,111
Jan. 1 to Sett. 80.
Gross earnings... 83.121,116 74,719,116 62.261.E08 62,481,506 48.038.8C6 46.788,506
Operat'g expenses 64.432.76!) 48.694,7 1 3 42,140,6(9 87,457,096 33,811,196 82,057,599
Net earnings..
28,883,866 26,024,866 20,111,807 15,004,407 14,727.607 14,730,907
figures include the Buflalo & Allegheny Valley DlviIn 8ept., 1901, the earnings of this division
Were, approximately, gross, $774,511; net, $253,199. From January
1 to Sept. SO the earnings of this division in 1901 were approximately $5,951,013 gross and $2,010,759 net.
Notb.— These
Blon for 1901 and 1902.
There was no chaDge in official rates of discount
by any of the European banks this week. The Bank
of Bombay, however, advanced its rates from 3 to 4
The notable feature
New York Associated Banks
per cent.
of the statement of the
last week was the important gain of $6,334,100 in cash, whereas a small
loss was indicated by our preliminary estimate ; the
gain was largest in specie, this amounting to $5,491,Loai s were increased $7,532,100 and the de500.
posits were
augmented by $11,105,900.
The
conse-
quent increase in the required reserve against deposits
was $2,776,475. Deduoting this sum from the gain
[Vol.
LXXV.
gold from the Yukon, which will be transferred
hither by telegraph, and the bank was also advised of
the shipment from Australia of $500,000, which is expected to arrive^at San Francisco November 17. The
market price of bar silver in London fell on Thursday to 23 1-16 pence per ounce, the lowest on record.
Money on
call,
representing bankers' balances,
loaned at the Stock Exchange during the week at 6
per cent and at 4 per cent, averaging 5 per cent. On
Monday
loans were at 5 per cent and at 4 per cent,
with the bulk of the business at 5 per cent. Tuesday
was the election holiday. On Wednesday transactions
were at 6 per'cent and 4£ per cent, with the majority
at 5 per cent.
On Thursday
loans were at 5£ per cent
and at 4 per cent, with the bulk of the business at 5
per cent. On Friday transactions were at 6 per cent
and at 4 per cent, with the majority at 5 per cent.
Banks and trust companies have loaned at 5 per cent
as the
minimum.
Time
contracts for short periods
have been in good request, borrowers desiring to tide
over the period of possible stringency at the beginning
of the new year; lenders generally, however, are indisposed to offer such contracts liberally, preferring to
make loans for longer dates. Quotations for sixty to
ninety days are 6 per cent, while for four to six
months they are 5£ per cent; loans, where made, are
on good mixed Stock; Exchange collateral. There is
a little better] supply of commercial paper on the
market and a good demand, especially from the interior.
Rates are 5^@5J per cent for sixty to ninety
day endorsed bills receivable, 5^@6 per cent for
prime and 6@6£*per cent for good four to six months'
single names.
The Bank of England minimum rate of discount
surplus reserve, to $21,339,100, computed on the basis remains unchanged at 4 per cent.
The cable reports
of deposits including those of the Government. discounts of sixty to ninety day bank bills in London
Computations of the increase in surplus reserve 3f per cent. The open market rate at Paris is
based upon the depositp, less those of $40,185,800 3 per cent and a Barlin and Frankfort it is 34;
in cash, as above, left $3,557,625 as the increase in
1
;
According to our special cable from Lon$31,385,550. The bank statement of this week should don the Bank of Eogland lost £606,180 bullion during the week and held £33,484,434 at the close of the
reflect the payment by the Sub-Treasury of $193,
462 55 for $140,600 4 per cent bonds of 1925 bought week. Our correspondent further advises us that the
The deliveries of these bonds loss was due to exports of £255,000, all of which was
for the sinking fund.
under the contract of October 17 with the syndicate to Egypt, to shipments of £361,000 net to the interior
are, it may be noted, nearly completed.
The state- of Great Britain and to imports of £10,000 from
of the Government, showed a gain of $3,587,* 25, to
ment should
also reflect the transfer to
through the Sub Treasury
payment by the Sub-Treasury
of
New (Means
1640,000;
of $603,000
also
Seattle,
Australia.
the
on account
Wash., and transferred
hither by telegraph, and of $118,361 paid by the SubTreasury on Friday for transfer to Manila. Washing
of gold deposited at
per cent.
The
foreign exchange market has been dull though
firm this week, influenced by a good
demand
for re-
mittance and by only a moderate supply of bankers'
There were fairly abundant offerings of comton adyices report that the amount of rebated interest mercial drafts on Monday, as is usual at the beginpaid thus far, since these payments began, is $3,403, ning of the week, and also on Wednesday, represent049; also that the amount of municipal bonds ac ing accumulations in the mails over the holiday, but
cepted in substitution for Government issues pledged these bills were promptly absorbed. On Monday the
for deposits of public funds is $18,479,500. It was an- inquiry for bankers' bills for the following day's mail
nounced on Friday that no further substitution of caused an advance in the rates and a strong tone. On
municipal bonds for those of the United States would Wednesday the demand was less urgent, though the
be accepted as pledge for public funds, the original market was firm. On the following day the inquiry
limit contemplated by the Secretary having been was lighter in the morning and rates fell off ; they
reached; also that no further increase would be recovered in the afternoon, however, in response to a
made in deposits in the depository banks. The demand for Saturday's mail. Exchange at Paris on
total of 4 per cents of 1925 thus far delivered at the London advanced from 25 francs 13 centimes on MonNew York Sub-Treasury since October 17 is $16,584,- day to 25 francs 14| centimes on Friday, thus influ050, for which $21,379,327 08 has been paid.
The encing arbitration operations in exchange. The firm
Bank of British North America was advised on tone for sterling here on Monday seemed to indicate
Thursday of the arrival at San Francisco of $210,00q the possibility of gold exports by the end of the week,
bills.
.
.
.
.
.
.
NOVEMBEE
8,
THE CHRONICLE
1902.]
1003
Ottt«J
Net Oh*me t*
French exchange on Thursday to 25
Week Ending Nov. 7, 1902,
Bankt.
Banks.
Bunk Roldintt.
slightly easier tone for
francs 14 centimes and the
17,862.000 Loss. S2.981.O0O
n&oka interior movement, ai above $4,901,000
bills in New York caused a fractional advance in
16,300,000
16,830,000
Loss
500,000
lub-Treai. operations
121,201.000
124,662,000 Loss. 13,461,000
the gold-exporting point and the postponement of
Total gold and legal tenderi.
shipments at least for another week. The Assay Office
paid $632,468 73 for domestic bullion. Gold reTHE ELECTIONS.
ceived at the Custom House during the week, $25,609.
Nominal quotations for exchange are 4 84$ @4 85 for
On the whole, we think that the results of TuesOn Monday the day's elections will be pronounced favorable by the
88 for sight.
sixty day and 4 87£@4
market was strong at an advance, compared with Fri- conservative financial community. The Republican
day of last week, of 20 points for long to 4 8360® majority is certainly reduced; it is something like 45
4 8375, of 15 points for short to 4 8690@487, and of in the present House, and it will not run much, if
25 points for cables to 4 8740@4 8750. On Wednes- any, above 30 in the Fifty eighth Congress. This
Oa outcome, judged from the dominant party's point of
day the market was firm at unchanged rates.
Thursday the tone was a shade easier until the after- view, has its good side and its bad side. It happens,
noon, when it grew firmer; the only change in rates, in the majority of cases, that any party in control of
however, was a rise of 6 points in long to 4 8365® the Government encounters actual defeat In the mid4 8380. The tone was strong on Friday at an ad- term Congressional elections. Not to go much furvance of 15 points in long and in short and of 10 ther back than a quarter of a century we shall
The following shows daily posted find that, since 1872, there have been four mid-term
points in cables.
elections when the Administration lost its Hoase marates for exchange by some of the leading drawers.
jority, and only three when it retained it.
In 1874,
DAILY POSTED HATES FOE FORBIOM BXCHAKGB.
in 1882, in 1890 and in 1894 the majority fixed at the
MON., TUBS., WED., THTJR., Fp.i,,
FBI.,
time of the Presidential election was reversed, often
Nov. 7
Oct. 31. Nov. 3. Nov. 4. Nov 6. Nov. 6.
by great opposition pluralities. Only in 1878, in 1886
84
84
85
84*
60 days 4 84
Brown Bros.
87*
88
87*
87*
4 87*
Sight.
and in 1898 did the rule fail to hold. Furthermore,
8<*
84*
84*
84*
60 days 4 84*
Baring,
88
88
88
88
Magoun & Co. 1 Sight.. 4 88
it may be said that even where control of Congress
84*
8»*
84*
84*
60 days 4 8«*
Bank British
87*
87*
87*
87*
Sight.. 4 87*
No. America.
has not actually been lost, the controlling majority
60 days 4 84*
84*
84*
84*
84*
Bank of
8/8
4 87*
87*
87*
Montreal
Sight
87*
a
has on such occasions always been reduced.
To this
M
84*
81*
60 days 4 81*
84*
84*
Canadian Bank
8?*
87*
Sight.. 4 87*
87*
87*
of Commerce.
O
latter rule there is no exception, daring a period
a
84*
85
Heidelbach. Ick- 60 days 4 84*
81*
84*
87*
elheimer <s Co. Sight
87*
87*
88
4 87*
stretching back to the early part of the nineteenth
but a
in
rise
. .
(
:
\
}
;
(
\
t*j
(
i
(
1
5
(
Lazard Freres
60 days
(Sight..
( 60 days
(Sight..
(
.
Merchants' Bk.
of Canada
4
4
4
4
81*
87*
84*
87*
81*
87*
81*
87*
84*
8«*
84*
87H
J
84*
87*
84*
87*
85
88
century.
81*
87*
The
principles governing such reversal or reduction
understood to need much
8380@4 84 for long,
short
and 4 8750@4 8765 for explanation. A party in power has to stand for re4 87@4 8715 for
cables.
Commercial on banks 4 83£@4 83| and docu- demption of its campaign pledges, and rarely is it
ments for payment 4 83@4 84.
Cotton for payment able to redeem them all. For all which it fails to
4 82£@4 83, cotton for acceptance 4 83£@4 83f and redeem, it creates enemies in the house of its former
The
market closed
of majorities are too well
4
at
The
following table indicates the
in the principal
amount
of bullion
A
party in power
moreover, blamed for
unpleasant accidents, for which it is often not in any
way responsible, which happen during its term of
friends.
grain for payment 4 83f @4 84.
is,
office.
European banks.
Perhaps an even more potent cause for the shifting
Nov.
Bank
6,
Nov.
1903.
7,
of majorities lies in the natural restlessness
1901.
of
Gold.
8Uver.
Total.
Gold.
Silver,
content of the average voter.
Jotai.
It
is
and
dis-
quite within
he frequently grows weary of
a party in control, and grows more weary of it
rraoa*
the longer it stays in power. We are inclined to
eermanj*.
Santa ...
think this a healthy political tendency ; first, because
Ana-Huns T
Spain
Anglo-Saxon voters will never yield to it unless they
laly
have reasons and arguments presented which appeal
."'•therland*
Nat 8»l»'n.*. 2 996,000 1,498,000
4.494.000
2,994,000 1,497 000
4,491,00(
to them, and, second, because the absence of such a
Tot. tan wee* [322,383,642 104246252 426.629,894 314,878,133 99,473,547 413,866,635
tendency would lead to a dangerous sense of security
Tot. orev. w'*c I324.e05,231 104828671 429. 533,902 313,920,847 99,329,382 413,250,229
in the governing party, and to excesses which^lt
* The division (between gold and sUver) given In
our table of cola
and bullion in the Bank of Germany and the Bank of Belgium 1b made would otherwise
never dare to perpetrate. However
from the best estimate we are able to obtain In neither oaae is It
claimed to be accurate, as those banks make no distinction in their this may
be, the fact remains that the Republican
weekly returns, merely reporting the total gold and silver, but we
believe the division we make Is a close approximation.
party has fared better in the elections of 1902 than
+ The Austro-Hungarlan Bank Statement is now Issued In Kronen and He
oer instead of Gulden and Kreutier. The reduction of the former currenoy to precedent gave it reason to expect, and that, in view
sterling £ was by considering the Gulden to have the value of 60 cents. As
the Krone has really no greater value than 20 cents, our cable correspondent in of elections
such as 1882 and 1890, it has good reason
London, in order to reduce Kronen to £, has altered the basis of conversion by
£
£
ftnglana
.
£
the facts to say that
£
38,484,434
83,484,434 35,183,650
85.183,650
101.316.408 44.197,652 145,512,860 95,207,883 43,933,847 139,111,583
31,331,000 11,683,000 4?,919,0O0 32,550,000 12,658,000 46,208,000
71.999,000 6,687.000 78,686,500 87,011,000 5,881,000 72,895,001
*6.958,000 12.124.T00 68,080,000 43,733,000 10.776,000 S6.509.00C
1 818.000 19,630.100 33,998,000 14,007,000 16,993,000 31.002.00C
16 293 JO0 2.010 40J 18.838,400 16,983,000 1,969,9 X) 17.902,9J(
4,690,8 10 6,481,800 11.122,100
6753,610 5,763.0 10 11,523 600
>
1
;
dividing the
amount
of
The following
to
and from the
Week JBndinj Nov.
Kronen by 24 instead of 20
to congratulate itself.
movements of monej
Nor do we hesitate to say, on the other hand, that
by the New York banks.
the country is to be congratulated that the Republican
majority is maintained. We are not among those who
Htteived by
Skirted by
Net Interior
gives the week's
Interior
7, 1902.
N. T. Bankt. N. T. Bankt,
Ourrenay.
«oid
Total gold and legal tenderi.
14,039,000
$8,715,000
862,000
1.147,000
14.901,000
$7,862,000
believe that the fortunes of an Intelligent people
Movement.
Loss $2,676,000
Loss.
285,000
for a long period, be so
Loss, t2.961.000
follows.
result
is
as
bound up with the success
would mean national
of a single party that its defeat
disaster.
With the Sub-Treasury operations the
may,
ernment
Tne
ideal situation, in our view, for a gov-
like our
own,
is
one
progressive parties, differing
in
in
which two alert and
their jadgment of
THE CHRONICLE.
]004
certain public policies, alternately gain control of gov-
ernment for a period of time.
Such a
state of things
[Vol.
LXXV,
LOUISVILLE & NASHVILLE REPORT.
The recent change in the control of the Louisville
we have witnessed in this country, as recently as the
eighties, and we shall, beyond question, witness it & Nashville Railroad gives additional interest, of
again.
But whether the situation this year was all of course, to the annual report of the company submitted
the present week. The road has long been one of the
that, many people will question.
Not the least singular element in the campaign of most important railroad properties in the South. Its
history extends back for a great many years, a cirthe present year was the great difference in its charac
ter in different quarters of the United States. On a few cumstance which is made evident on the title page of
cardinal points the platforms of the opposition agreed the report, where we find the fact recorded that the
throughout the country. But this agreement was in present is the company's 51st annual statement. On
many quarters more or less perfunctory, and what was the whole, too, the property has enjoyed considerable
distinctly unpleasant
was the injection, on more than
prosperity; dividends have been suspended at times
in periods of depression, but a return to Improved
one important political battle-ground, of propositions
and principles which were alarming, If seriously in- business conditions would find the company quickly
tended, and inexcusable if meant as mere bids for back again in the ranks of the dividend-payers.
A 8 was pointed out a year ago, one distinguishing
The plank in the Saratoga Convention's platvotes.
form calling for Government ownership of the coal feature in the recent history of the property has been
mines was so distinctly disquieting to the oonserva- the careful, conservative way in which its affairs have
tiva mind that it may readily be assumed to have lost been administered in the matter of acquiring new
the parly votes enough to have sacrificed the State road. While large railroad combinations were being
formed all around it, the Louisville & Nashville manelection.
We are speaking now of a platform for the Gover- agement did not feel called upon to join in the movenorship election, and we are well aware that the can- ment. They were content to develop the territory
didate himself repudiated it, as Gen. McClellan re- already occupied which by the way comprises some
pudiated the Presidential "peace plank" of 1864 and of the best sections in the South rather than spread
Governor Seymour the repudiation plank of 1868. B at out in new directions. Within those limits they prothe mischief cannot be wholly undone by such action vided new extensions and feeders as the situation
by the candidate; and, so far as the platform affects demanded and good business policy dictated. The
the candidates far Congress, he cannot undo its bad additions made to the mileage of the system have
results at all. Unfortunately, that declaration was not come mainly in that way and may be said to have
the last of its kind. In fact, the platform at the largest constituted desirable additions, contributing in an
maes-meeting in this city during the Congressional important degree to the extension of the traffic and
campaign adopted resolutions calling for a national revenue of the system.
One important acquisition marked the year under
eight-hour law and for the obstruction of national
legislation until such labor and anti-trust laws a3 the review and this may be considered as belonging in the
opposition wished should be adapted.
We need game category. The company, as will be remembered,
scarcely add to this recital the singular socialistic can- acquired (by the purchase of a majarity of the common and preferred stock), control of the Atlanta
vass conducted in Northern Ohio.
Kooxville & Northern Railway extending from MariIt is certainly not our belief that these declarations
properly voice the sentiment of the Democratic etta, Ga., to Kooxville, Tenn., 205 miles, with a
branch of 23£ miles from Blae Ridge, Ga., to Murphy,
Party.
It. is, indeed, because we believe them to mierepresent such sentiment that we cannot regret that N. C. This line at present has no direct connection
defeat overtook a campaign which was even nominal- with the Louisville & Nashvilla mileage, but a piece
ly based upon them.
It mu3t always be remembered of road which is being built from Jdlico, Tenn., to
that, though the party as a whole may resent and re- Kooxville, Tenn., will supply the missing link and afpudiate such statements of its position, there is al- ford a very eligible through route between Cincinnati,
ways the strong possibility that some politicians may Ohio, and Atlanta, Ga. A3 the Louisville & Nashville
be found, in the hour of success, to assert that these controls the Nashville Chattanooga & St. Lmis, which
latter in turn leases the Western & Atlantic, and as
doctrines were what elected the candidates.
it seems that the results of this election dethe Louisville & Nashville also has a joint ownership
To us
clare with convincing force that in neither party will in the Georgia Railroad, the Northern terminus of
the body of voters submit to playing with the ele- which is at Atlanta, Ga., the acquisition of the Atments of political disorder or wild economic experi- lanta Knoxvllle & Northern was evidently a desirable
ment. The voting public had enough and to spare of move and must serve to strengthen and perfect the
this sort of electoral appeal in the campaigns of 1896 system.
and 1900. It is anxious now to get down to the prinSince the close of the fiscal year the Louisville &
ciples ol political common sense on which, though Nashville and the Southern Railway have jointly secitizens may differ with one another, the success of cured control, aB is known, of the Chicago Indianapneither party will pull down the house about the olis & Louisville, by issuing their joint collateral trust
Our citizens have no wish to get into bonds in exchange for the common and preferred
people's ears.
the position, occupied at other times by French shares of that company. This purchase marks a step
political factions, when signs of the ascendancy of a in advance of any thus far taken.
The road, howgiven party would lead to the pulling of cautious ever, possesses this distinction: that it provides an
people's money out of the savings banks.
All the outlet to Chicago for the whole Louisville & Nashville
more reason, we should say, why the voting public system. The fact that the Southern Railway was
should be quick to give the warning which political taken in as a joint partner in the arrangement eviexperimenters quickly draw from a sharp disapproval dences that the move was without hostile intention,
at the polls.
being designed merely as a means of protection and to
—
—
November
8,
THE CHRONICLE.
1902..,
were considerably higher, though having
been on a! very liberal scale the year before.
already
As far as economy in operations is concerned, there is
insure possession of this important rail highway, furnishing connection with the second largest city in the
United
States.
The purchase having occurred
1005
outlays
sub-
sequent to the close of the fiscal year, there is no reference to it in the report.
While the Louisville & Nashville is a Southern
road, and hence has a considerable tonnage in cotton,
it runs through and connects with some. of the most
important mineral sections of the South, giving it a
evidence of it In a further increase in the train-load.
Not counting company freight the average train-load
in the late year was 231 tons, against 222 tons in the
year preceding and 220 tons two years ago.
The income account makes,
of course, an encouragshowing, there being a large surplus over and
ing
large and steadily developing traffic in coal and iron. above the amounts required for the dividends. The
Its mileage in and around such important mineral company is paying 5 per cent per year in semi-annual
The call for dividends at
districts as Birmingham, Bessemer and Anniston is instalments of 2£ per cent.
proving each year more valuable. The growth of the this rate in the late year was $2,875,000, the first
mineral traffic imposes on the road the necessity of dividend paid last February having been based on 56
taking freight at low average rates. On this point it millions of stock and the second dividend on the
may be interesting t'* note again, as we did last year, 60 millions of stock. It may be said here that the
that the cornpinv actually realizes a much smaller stock was increased 5 million dollars, chiefly in order
average compensation on its freight tonnage than do to provide the means for the purchase of the Atlanta
the leadirjg systems in the West. There was a fur- Knoxville & Northern Railroad. As against the
ther decline in the average in the late year, bringing $2,875,000 required for the dividends, the net income
The average available on the operations of the twelve months was
it down to 7*40 mills per ton per mile.
on the Milwaukee & St. Paul for the same period of $4,725,307. The surplus remaining above the divitwelve months was 8 -40 mills, on the Northern Pacific
9*00 mills, on the Missouri Kansas & Texas 904 mills
dends was hence $1,850,307, this being equivalent
per cent additional on the 60 millions
to
3
It
should be mentioned
of stock outstanding.
furthermore that this is the result after the
making of liberal expenditures for equipment
and improvements and additions to the property.
On July 1 1894 the company's construction account was closed, and since that time the items
theretofore charged to that account have been charged
to operating expenses under the name of improvements. Large amounts have been appropriated each
year in that way. The amount so charged for the late
year was $1,487,277, which thus falls only a trifle
short of being 2^ per cent on the 60 millions of
and on the Atchison Topeka & Santa Fe 988 mills.
The company has been doing a successful business on
a steadily enlarging scale at the low rates indicated.
If we go back a few years we find that the expansion
in revenues on this Southern system has been hardly
less striking than that on the larger Western systems.
The results in the annual report do not cover the
operations of the controlled roads, such as the Nash.
ville Chattanooga & St. Louis or the Georgia K»ilroad.
The total mileage embraced in the system, including
these roads and also the Atlanta Knoxville & Northern, but not counting the Chicago Indianapolis &
The length stock.
Louisville, was on June 30 5,542 mile?.
line, however, on which the operations in the report
The year's results, therefore, may be summed up by
of
are based was at the same date only 3,444 miles, the saying that while (1) 5 per cent dividends were paid,
average for the twelve months having been 3,327 a surplus (2) equal to 3 per cent more remained, and
miles.
On this mileage aggregate gross earnings in that this was the result (3) after allowing for appro1901 02 were 130,712,257— the largest, of course, in priations for improvements and betterments equal to
the hietory of the company. If we turn now to 1893. an additional 2£ per cent on the stock. Evidently,
94, which was a period of depression and slump therefore, the Louisville & Nashville is a desirable propin earnings, we find that the total of the gross erty, and established on a satisfactory income basis.
at that time was only $18,974,337, the average length
of road operated in this earlier year having been somewhat lees than 3,0CO miles. In the interval of eight EUROPEAN IRON AND STEEL INDUSTRIES
have risen 12 million
dollars, roughly, or considerably over 60 per cent
Actually the increase has been larger than this, as
earnings on freight carried for the company's own use
do not now form part of the total, while they did form
part of it in the earlier year. These earnings on company freight run considerably over a million dollars a
jear.
In the net earnings the tolal for 1901-02 stands
at $9,809,819, where in 1893-94 the amount was
—BRITISH RAILWA Y REFORM—MANCHESTER
COTTON GOODS MARKET*
years, therefore, gross earnings
t
$7,110,552.
There
one feature in the late year's results which
deserves a moment's attention. As compared with
is
the twelve months preceding,fgross earnings increased
$2,690,051; this, however, brought with it an addition
of only $20,646 in the net, hence indicating an aug-
Manchestek, October 22, 1902.
In recent months the course of the American iron
and
steel
markets has been watched on this side of
the Atlantic very attentively, not without good reason.
The long-continued depression
tended
itself, in
in
Germany ha3
ex-
varying degree, to the markets of
of Great Britain
Belgium and France, whilst those
have also come under its influence.
In Russia, too,
depression, originating within the country itself, has
borne severely for several months upon the iron and
cognate industries, and has co-operated with the
German trouble in accentuating the adverse state of
affairs in other parts of Europe.
In Austria also
These heavier these branches of trade have been In a bad way for
expenditures reflect, we may suppose, in part the some time past.
The main causes of these disturbances are overincreased cost of labor and materials, and in part
the greater volume of traffic moved. But they also extension and financial stringency. To these must
mentation of 12,669,405 in expenses.
mean presumably extra expenditures
improvements. As a matter of fact
for renewals and
the mainti nance
be added, in
*
the case of Eussia, excessive habitual
Communicated by our
special correspondent.
—
THE CHRONTCLE.
1006
dependence upon Government orders, which for more
than a year past have been greatly reduced. In ordinary times Germany is an extensive consumer of
British pig iron and a considerable buyer of manufactured or partly manufactured steel. Bat so intense and prolonged has been the crisis in that country that the exports thither have this year dwindled
to very small proportions, and German iron and steel
have come here in considerable quantity, and even
from Eassia several thousand tons of pig iron have
been received an almost unprecedented occurrence.
Apart from the consequences of the Continental
depression the iron and steel industries of the United
Kingdom would probably have been in a much better
state than they are, and even with them the various
branches of this group have, on the whole, held up
remarkably well, assisted, as they have been, in the
pig iron and some other sections, by the extraordinary
The American demand
activity in the United States.
has indeed saved the iron and steel trades of the
European Continent from actual disaster, and has
greatly mitigated the injury which the depression has
inflicted upon British producers; and of oourse the
approximate cessation of imports of iron and steel
from the States has worked in the same direction.
The quantities, in gross tons, of some leading descriptions shipped from British ports to the States in the
first nine months of this and each of the two preceding years are shown in the annexed table:
has proved rather embarrassing to manufacturers of
certain kinds of finished steel, and to the shipbuilding and a few of the engineering trades, by raising or
EXPORTS TO THE UNITED 8TATES-FIB8T NINE MONTHS.
44
Pig Iron
Railroad steel
Old Iron and
1901.
Tons.
33,365
42
672
2,327
14,562
steel
8teel billets, etc
9,092
1902
Tons'
281,144
11,842
13,159
37,924
A
good deal of pig iron and billet steel has been
brought forward for shipment during the next two or
three months, but difficulty has occurred in securing
freights at suitable rates owing to the large amount of
coal exported westward to relieve the scarcity in the
United States. The urgency of this momentary requirement has abated since the close of the anthracite
strike was announced a few dayB ago, and freight
room being more abundant, there is every prospect of
a sustained outflow to America, at least of pig iron,
until the end of the present year, if not beyond it.
not be surprising, indeed, if the exports of
British raw iron to the United States should considerably exceed 500,000 tons during 1902.
But the direct support which the American demand
has thus given to the British markets has been reinforced by the large quantity of German and Belgian
It will
iron sent to the States.
edly have
come
Much
of this
LXXV.
it
—
1900.
Tons.
....40,339
fVOL.
would undoubt-
to British ports, whatever the price,
preventing a fall in the prices of their materials.
For the moment British shipbuilding is rather beclouded. A good deal of work is still on the stocks,
on order, but fresh contracts are not coming forward in sufficient volume to offset the tonnage put
into the water, and there are more vacant slips on the
Clyde and on the English northeast coast than we
have seen for at least three or four years. The British
Government has placed some orders for the navy within the last fortnight, and contracts for a few vessels
of large tonnage have also been entered into for regular liners; but for the common run of cargo steamers
there is, at the moment, very little inquiry.
Ship
plates and other materials of naval construction are
consequently not easily salable in quantity, and the
recent rise in pig iron has wiped out nearly all profit
in their production.
Hence some of the rolling mills,
at least in the Cleveland district, are working very
irregularly, and the operatives in that branch have
just accepted a reduction in wages of 5 per cent.
On
the other hand, manufacturers of steel rails, structural
steel, boilers, electrical and mining plant and locomotives, and the makers of numerous miscellaneous
iron and steel goods in the midlands are nearly all
busy at remunerative prices, with good prospects of
continuing so. Indeed, the whole group of British
industries engaged in the after processes of converting
iron and steel into their multitudinous finished forms
is, with a few exceptions, still quite active, and some
or
departments are very profitably
condition generally
is,
employed.
in these respects,
much
Their
better
than that of the corresponding branches on the Continent, and on the whole there is no present prospect
of their becoming worse.
Even in the doubtful case
good authorities who look
for at least a moderate improvement before long.
It cannot be denied that one hears occasionally
rather dubious expressions when the future and es-
of shipbuilding, to ere are
pecially the long future
— of
—
these important depart-
ments of British industry is spoken of. The thought
always of America and the consequence of a great
falling off there in the home demand for iron and
steel manufactures, in view of the immense productive
capacity now developed in the United States. Every
one realizes that the effect on this side would be a far
more intense competition than has ever been experienced, though no one pretends to measure it even in
One result of such anticipathe roughest manner.
tions of a check to American prosperity in these in-
ia
dustries
is
that to a very large extent British
manuVery
on your side facturers are putting their house in order.
quietly, from the blast furnace to the engineering
into this country of Continental iron and various forms shop, they are renewing their plant, reconstructing
of steel have so far this year exceeded by about 220,000 works and adopting the latest improvements in matons those of the corresponding period in 1901. This chinery and methods. In this movement the imexcess of Continental supply has gone far toward petus, and to a large extent the ideas, come from the
counteracting the increased demand from America United States. There is also a visible change in the
It has, however, not been views of the workmen and of the leaders of the trades
for British iron and steel.
but for the
lively condition of the trade
of the ocean.
Even
in spite of this relief the imports
sufficient to prevent a considerable rise in the
prices
the markets of this country,
but especially in Scotland and the northeast of England (Middlesborough), where the American buying
of pig iron in nearly
all
thus not only been the
salvation of the Continental markets, but has also,
directly and indirectly, afforded substantial help to
those of Great Britain. To some extent, nevertheless,
has been heaviest.
It
has
unions with regard to these trans Atlantic methods.
Last Saturday a number of them representing various
departments of industry, including the metallurgical
and engineering branches, left for America, where
they will study their respective trades as they are carThey are men of intelliried on across the Atlantic.
so far as it is possible to judge from congence, and,
versation or from previous acquaintance with some of
November
THE CHRONICLE.
1902.]
8,
them, they are reasonably free irom prejudice,
although they are Inclined to believe that British
"captains of industry'' have quite as much to learn
from American practice as the rank and file. It does
not need any extraordinary amount of perception or
of
knowledge to
special
see
clearly that industrial
1007
towns and the vast population within a radius of
sixty or seventy miles of the city.
A beginning
has been made in the employment of large bogle
box-cars, such as those of the Pennsylvania Bailroad,
for conveying grain in bulk either from the ship's
hold or from the Manchester elevator. One difficulty
England is "waking up." CertaiDly the contrast which stands in the way of the general adoption of larbetween the present spirit amongst both employers and ger freight cars in the carriage of minerals, which conemployed and that which prevailed before the great stitutes 70 per cent of the whole of the merchandise
engineering labor struggle of 1897
—
is
very striking.
traffic of this
In another department also
important changes are impending, although they are not likely to be accomplished so rapministration
—
idly as in the
that of railway ad-
is of the wrong kind.
In
America there is competition in rates, the effect of
which has been to stimulate and to compel economy
In the cost of carriage. Here it shows itself in rivalry
between the railroad managers in the provision of
stance that the competition
Canvassing for traffic, of both kinds, goes
on incessantly, but the hustler would think you very
simple indeed if you were to suggest any reduction
from the scheduled rates, however important the
amount of your traffic. Yet if his company can ensure the delivery of your merchandise an hour sooner
than one of its rivals, he will hold that advantage before you in the confident expectation of getting your
business.
So, too, in the case of passengers the aim
is to provide abundance of trains, rapid transit and
numerous traveling amenities, in order to attract
traffic
But this kind of competition induces wasteful expenditure
how wasteful there has been hitherto
nomeaus of accurately calculating because of the faulty
method of working out statistics of cost. Until quite
recently only one company the North Eastern pre
pared figures of ton-mileage, or of passenger mileage,
and even that exception has not existed very long.
The result is that no British railway manager has
hitherto known the precise cost of transport on any
facilities.
—
—
own
line.
—
The means
of detecting waste-
ful expenditure and the possibility of getting rid of it
have been alike lacking. Better statistical methods
are now being adopted, and there are signs of their
logical consequence
the reduction of cost by increasing the train-loads.
One of the numerous changes
—
quired, that of using
much
longer trucks
made
of
merchandise traffic, is gradually
being introduced by some of the larger companies.
The London & North- Western and Great Western
have adopted the 20-ton load type and the Midland
and the Caledonian the 30-ton.
The Lancashire &
Yorkshire Kailway Company has built a number of
30 ton trucks specially designed for the service of the
pressed
shipping
steel
The surmounting
of this obstacle
for
traffic at
the Manchester docks, where the
tonnage of merchandise to be dealt with, of imports
especially, has now become enormous, and is steadily
increasing.
The docks are directly connected by
rail with every part of Great Britain, and cargoes of
grain, flour, cotton, fruit and many other products
are discharged with great rapidity and put into
railway trucks alongside the vessels,
the dock
equipment being of the very best, to the numerous
is
a ques-
tion of time, as well as the further one of enlarging
Here again sidings and loading-plant in order
come from the the bigger trucks. The reduction
United States. The salient fact which emerges in
comparing the American and the British systems is
the very much higher cost of transportation on this
Stated broadly,
side both of goods and passengers.
this defect arises not from the supposed absence of
competition in this country, but from the circum-
re
capacity.
the existence of about half a
owned wagons of 8 or 10 tons
is
manufacturing industries.
the impelling force and the exemplar
part of his
country,
million of privately
to
accommodate
of freight rates,
sorely needed, especially in districts remote
from the
which must come forward later when
the economies now aimed at have been realized. The
movement toward larger passenger train-loads is going
on very slowly, but it is sure to make progress, as the rail*
way managers, who appear now to be aroused, find out
the points in their arrangements at which waste occurs.
The Manchester cotton goods market is still in an
unsatisfactory condition, mainly owing to the continued doubts of distributers at home and abroad as
to the maintenance of the price of cotton.
"Eourpenny American " is the catchword among many of
them, and although this may be, perhaps consciously,
but an ideal in the minds of those who entertain it,
seeing that middling ranges pretty steadily in the
coast, is a question
region of 4-74d. (the
new mode of quotation being
in
an almost obstinate belief that
present prices are too high to be a secure basis for
large forward buying.
There is, it is true, a good
deal of inquiry for goods and yarns, but only a moderdecimals),
there
ate proportion of
is
it
issues in actual
business.
Mean-
not much short- time working or stoppage of machinery, and although the margins for
spinning and weaving are poor, they are on the whole
not narrow enough, even in the worst situated departments, to induce producers to cease or to greatly
while there
is
reduce their output.
Lancashire spinners and
manufacturers have a rooted aversion to this course,
and they often endure actual loss for a time rather
than adopt it. The prospects in the home and
most of the foreign and colonial markets are encouraging. That of Brazil, which has for some years
been in a very bad state, ia already in a very much better condition.
The mass of the population in that
country is very much in want of cotton goods, the
poverty of many of the people in some districts having
compelled them to go almost naked. Better crops and
improved financial conditions have changed all this,
and already buying for the Brazilian ports has become
much more active than it has been for a long time.
India merchants are acting cautiously, notwithstanding that the prospects of consumption have improved
greatly in the dependency since the receipt of intelligence of general and timely rains in districts where
they were most wanted. It is understood, however,
that not only are dealers on the other side haunted by
doubts as to the stability of prices, but also that both
they and the English shippers who supply them have
had a very unprofitable trade during the last twelve or
eighteen months.
Experience of this kind is, of
course, not favorable to enterprising action,
and
it is
hardly surprising that the India department of the
Manchester market is at present animated, perhaps
vnduly, by a very cautious
spirit.
;
'
THE CHRONICLE.
1008
ITEMS ABOUT BANKS BANKERS AND TRUST
the business of the Title Guarantee
Trust Co. in its
acquisition of the Manufacturers' Trust, which since its organization in 1896 has been exceptionally successful. In its
—
6 Central National Bank
13 Corn Exchange Bank
Bank of the
Trust Companies—Ae» Tork.
8 Manhattan
i
19
Co.,
25 Eastern Trust Co
f
Loan
-40 Farmers'
& Trust Co
10 Holland Trust Co
*
Price.
185ifl
425-4351-2
331
190*3
1,490
I
12*4
eemi-annual statement (June 30 1902) the deposits had
reached $7,254,768. On the first of January next the Title
Guarantee & Trust Company, which is empowered to conduct both a trast company and title guarantee business, will
open a trust department in its New York office.
last
—
It is reported that a syndicate headed by Mr. George
Crocker of California is organizing the Bank of Long Island,
with a view to taking over all of the banking interests of
Queens County with the exception of the Qieens County
Bank of Long Island City and the Woodhaven Bank. The
new bank will be capitalized at $500,000, and will make its
headquarters in the Bank of Jamaica Building of Jamaica,
L.I.
Last previous taie
Oct 1902— 191
Oct. 1902— 425ia
Oct. 1902— 340
Sept 1902— 200
Oct 1902—1,490
May 1902— 120
Of this, 12 shares were.sold at the Stock Exohange.
Closing up
t
LXXV.
&
made to
CO.'S.
The public sales of bank stocks this week aggregate only
25 shares, of which 12 share3 were sold at the Stock Exchange
and the remainder at auction. The transactions in trnst
company stocks reach a total of 75 shares. In the "curb''
market 50 shares of National Bank of Commerce stock were
sold at 330 and a small lot of Trust Company of America
stock changed hands at 300.
Mhart.
Banks— Ne.u> Fork.
[Vol.
its business.
—By a unanimous vote the stockholders (the entire stock
being^represented and all assenting) voted to increase the
capital pf.The Liberty National Bank of this city from $500,000.to;|l,C00,000. The surplus is to be increased in the same
way,Uroml$500,000 to $1,000,000, while undivided profits will
be raised from^about $400,000 to $900,000. Payments on the
newjstock'are.to'be made in fall on or before November 20,
on which date^the capital, surplus and undivided profits will
—
It has been voted by the stockholders of the Security
Trust Company, of Camden, N. J., to increase the capital
from $50,000 to $100,000. The new issue of stock-is to be
sold at $200 per share of $100, increasing the smrplus also
from $50,000 to $100,000. The company absorbed, several
weeks ago, the New Jersey Trust & Safe Deposit Company
of Camden.
—Mr. Charles H. Allen has been elected President of the
Appleton National Bank of Lowell, Mass., to succeed Mr.
stand at $2,900,000.
— On December 2 the stockholders of the Fifth National George
W. Fifield.
Bank'of this city will act on the proposition to increase the
—The question of the absorption of the Central National
capital from $200,000 to $250,000.
Bank of Boston, Mass., by the Eliot National Bank of that
W L. Carroll Root, who was Secretary of the New Ycrk city will shortly be laid before the stockholders of
the CenSecurity '& ^Trust Company, has been elected third Vicetral.
The capital of the latter is $500,000 and the deposits
President of the company, and Alexander 8. Webb Jr., Secon Sept. 15 last were nearly three million dollars. Its Presiretary. Mr. Webb. was foi merly Secretary of the Metropolitan
dent, Mr. Otis H. Luke, has for some time past being desirTrust Company and he was also connected with the Lincoln
ous of being relieved of the duties entailed in that position,
National Bank.
and it is likely that the only office he will hold in the conThe Consolidated National Bank has been designated as solidated bank will be that of director. Mr. J. Adams
one of theldepositories for city funds for the ensuing three Brown, Vice-President of the Central, will continue on the
months.
staff of the enlarged institution.
At a meeting of the Chamber of Commerce on Thursday
—The Philadelphia National Bank of Philadelphia dethelfollowing^resolution, offered by Jacob H. Schiff, was reclared on November 1 its usual semi-annual dividend of 5
ferred to^the committee on Finance and Currency
—
I*
—
—
:
per cent, free of tax.
" BecentJ.experiences] [having again demonstrated the insufficient
olastieltyof ourjjmonetary ^system ao as to adapt itself to legitimate
requirements be it
"Resolved, That it bejreferred to the Committee on Flnanoe and Car.
renoy to report to the^Chamber such feasible measures as in its opinion
would tend to provide against a morey situation euoh as we have had
— Among the first of
the financial institutions to issue a
calendar is the Fidelity Mutual Life Insurance Company,
1903
with a handy desk pad for the coming year. The company's
head office is in Philadelphia, but branches are maintained
Mr. L. G. Fouse is the President
in all the principal cities.
Alexander McKnight, Vice-President; O. C. Bosbyshell,
Treasurer; W. S. Campbell, Secretary and Solicitor, and S.
;
Teoently to deal with.'
—
The Lincoln^Trust Company of this city, which had
been temporarily*located on the, fourth floor of its building
Actuary.
at 208, Fifth] Avenue.Jextending through to^Broadway. has Wylie,
—A special meeting of the stockholders of the Union
removed to the ground floor. The lower floor has been eneverything has been done to give tte National Bank] of Pittsburg has been called for Deoember 1,
tirely remodeled, and J
company the most commodious, convenient and attractive when the proposition to increase the capital from $250,000 to
Mr. A. S. Smith is President of
offices possible.?! The Fifth Avenue front of the building is $500,000 will be voted upon.
adorned withjjhandsomel pillars, and an artistically carved the bank, and Mr. C. F. Dean is the Cashier.
medallion of Abraham£Lincoln, after whom the company is
The Colonial National Bank is being formed as an
named. For the convenience of the company's down-town adjunct of the Colonial Trust Company of Pittsburg. The
depositorsjjthe Merchants' National Bank, at 42 Wall Street, new bank will have a capital of $1,000,000 and will be under
will receive deposits A for the Lincoln Trust, which will be the same management as the trust company. The latter has
called .for daily by a messenger of the latter.
established a bond department in connection with its busi-
—
>
— A proposed merger of the Manufacturers' Trust Company
ofjBrooklyn with the Title Guarantee & Trust Company of
this city has been arranged, subject to the approval of the
stockholders. "^The absorption will be effected on the basis of
icour'shares of the Manufacturers' (whose capital is $500,000)
for three!sbares of thej,Title Guarantee. The latter, as noted
herein some weeks ago, vo'ed to increase the capital from
$2,500,000^0 $4,000,000, and its stockholders will on the
17th inst. again vote^on an increase, this time to $4,375,000,
and act on'the proposition to merge with the Manufacturers'.
The^Manufacturers'^Trust Company (whoss stockholders are
also to meet on the 17th to ratify the merger) will continue
n its presentjbuilding, but will be known as the ManufacturThe
ers' Branch of the^Title Guarantee & Trust Company.
President of the]acquired institution, Mr. William J. Coombs,
"will remain with the consolidated company in a confidential
and advisory capacity until January 1904, at which time he
will retire permanently from business. Mr. Frank E. Sniff en
Third Vice-President; and Secretary, and Mr. William C.
JNesmith, Assistant Secretary of the Manufacturers', are to
be the managers of this branch. A valuable addition -swill be
ness,
with Mr. A. C. Thompson as manager.
—Mr.
Charles A. Hinsch, President of the Fifth National
Chairman of the
Executive Council of the Ohio Bankers' Association. Mr.
Trust
Edwin R. Sharp, Cashier of the State Savings Bank
of Columbus has been chosen a member of the
Company
Council to fill the unexpiredjterm of Mr. Henry Flesh, who
was elected Vice-President of the Association at the meeting
in Cincinnati. The Council will consider the place of holding next year's convention at a meeting in May.
Bank
of Cincinnati, Ohio, has been elected
&
First National Bank of Chicago decided last week
take out $500,000 additional circulation under the plans bf
to
Secretary Shaw. The bank holds $700,000 of Government
deposits, of which $500,000 is secured by United States 2 per
cent bonds. The Treasury Department has agreed to accept
—The
Chicago Sanitary District bonds in lieu of Government 2s,
and these latter will be turned over as a basis of new circulation.
—The new
'
Bank
capital, $1,500,000, of the
Wisconsin National
from $1,000,000,
of Milwaukee, Wis., recently increased
.
November
effect
—The Pueblo Title & Trust Company of Pueblo, Colo., succeeded on October 6 to the business of the Pueblo National
Bank. The company began with a paid-in capital of $250,000.
Its business embraces six departments— trust, banking, savloan, safe deposit, registry,
—The American
National Bank of Spartanburg, S. C, is
organizing, the necessary approval from Washington having
been received on October 31. Mr. J. H. Sloan of j Spartanburg is one of those engineering the enterprise.
—The
increasing value of the stock of the Atlanta National
Bank of Atlanta, Ga„ is displayed in a recent sale of 100
shares. The "Atlanta Constitution" reports that the stock
was
H. T. Inman, a director, by Mr. Joel Hurt,
on the basis of six for one. Mr. Hurt purchased the stock
two years ago at four and a-half for one, our contemporary
says, thus netting $15,000 on the transaction. The bank will
sold to Mr.
shortly
move
—The
into its
new
building,
now
elected at a recent meeting, are:
Fourth National Bank of Atlanta;
Joseph A. McCord, Cashier of the Third
Vice-President,
National Bank of Atlanta; Treasurer, Thomas C. Erwin,
1901.
1903.
Values.
Numbtr
Ilonth
of Shares.
Par.
Valuts.
Numbtr
of Shares.
Actual.
Par.
Actual.
%
/an...
reb...
14,779,228 1,386,108.600 1,039,682,016 30.285.066 2.911.631,850 2,081,746,276
12,986,943 1,827,630,050 1.010,947,208 21,908,822 2,126,937,460 1,678,947,698
March
11,957,409 1,143.409,760
876.941,20? 27,080,968 3,624,011,150 2.097,984,688
lstqr. 39,783,576 3,757,048.400 2.927,470,432 79,248,816 7,661.480,450 6,758,677,681
April... 26,667,743 3,520,078.475 1,998.946,211 41,719,088 i4,089,407,800 3.515,023,287
948,988,814 |35,292,203 3.440,179,575 2.683,101,460
549,276,818 119,795,612 1,930,766.550 1,609,649,867
May... 13,632.353 1,356,813,000
728,992,950
June... 7,834,768
2dqr. 17,934,864 4,504,384,426 3,497,145,848 96,806,901 9,480,342,925 7,707.774,823
8
mos. 97,658.439 8,261,432.826 6,424,616.276 176066746 17181883,375 13466462,884
Jaly.... 16,852,881 1,657,687,675 1,301,478,911 16,024,668 1,677,408,460 1,216.378.902
August
832,061,498
14,814,627 1,874.588,126 1,065.788,96210,778,021 1,065,617,850
Sept.... iO,97 2,263 1,983,978,076 1,608,274,817 13,090, 195 1.380.178,8501 1.067.837.681
1
3d
qr. 51.689,111
4,916,263.876 3,976,540,690140,786,884 4,013,104,950 3,114,778,061
9 mos. 139297650 13177686,700 10400166,965 210842630 21,134928325 18.581230346
Oct.... 16.381,124 1,638,990,400 1,265.407,01214,036.082 1,871,786,450 1,049,728,428
The following compilation covers the
by months
clearings
since January 1.
MONTHLY CLEARINGS.
nearly completed.
the Atlanta Clearing House Association,
President, Mr. John K,
officers of
1009
The volume of transactions in share properties on the New
York Stock Exchange each month since January 1 in 1902
and 1901 is indicated in the following:
SALES OF STOCKS AT NEW YORK STOCK EXCHANGE
The
bond and abstract.
Barndollar-Security Abstract Company, the oldest concern of
the kind in Pueblo County, is owned by the Pueblo Title &
Trust. The officials of the latter are: President, H. E. Woods;
Vice- Presidents, Charles W. Crews and Irving W. Bonbright;
Treasurer, F. M. Woods, and Secretary, J. A. Small.
and
ings
s
.
THE CHRONICLE.
8, 1902.]
on the 1st inst. The 5,000 shares were
alloted to the former stockholders at $150 each.
was put into
—
.
.
Clearings Outside
Clearings, Total All.
New
York.
Month.
P.Ct
1901.
1908.
P.Ot.
1901.
1908.
Ottley, Cashier of the
Assistant Cashier of the Third National Bank of Atlanta,
and Manager and Secretary, Darwin G. Jones.
—A
controlling interest in the First National
Buchanan County
of St. Joseph, Mo.,
which has a
Bank
of
capital of
purchased by a syndicate headed by Mr.
W. P. Fulkerson, National Bank Examiner for Missouri,
who will succeed Mr. J. W. McAllister as Cashier of the
bank. Interested with Mr. Fulkerson are Mr. M. A. Low
General Attorney for the Chicago Rock Island & Paoific
Railroad at Topeka, H. A. Forman, President of the Fourth
$250,000, has been
National Bank of
St. Louis, and others.
announced that in the matter of the receivership of
The Guardian Trust Company of Kansas City, that the Re"
ceiver has been discharged by the court, and assets of one
and a half millions ($200,000 of which were in cash) have
been turned back to the company.
— It
is
January.
February
vi arch
..
-0-6 8,736,827,588 3.319,685,772 +13-6
+o-o 3.014,741,608 8.710.111,090 +10-0
8,892,916,411 10,007,814,918 -11-2 3,386,020.916 3,180,174,186 + 8-6
10,665,696,294 10,720,800,646
1st quar.. 27,988,364,183 29,091,831,178
Oltarinos— Returns bv Telegravh.
8.
K«w York
Boston
1903.
1901.
$1,148,479,5 53
Week Ending November
$1,009,047,836
126.960.OSS
76,126,756
18.S50.961
185,765.449
40,864,553
14.770.178
132,584.616
93.672.516
17,061,639
189,290,801
39,610,908
11,960,288
Philadelphia
Baltimore
Obloago
LouU
Hew Orleans
St.
P. Cent
+18*8
+4-4
+28-0
-65
+8-6
—3*3
—19*1
May
3,378,178,887
8,686.789,082
3,506,942,086
3,250,010,394
3,248,940,481
+6-8
+8-3
+0*0
29,639,299,828 84,956,164,636 -15-6 10,413,781,691 10,133,061,880
+8-8
1
June.
.
8 months.
July
57,461,654,006 64,047,986,814| -10'b 20,650,771.5«6 19,318.382,428
8,952,689,432
September. 10,166,919,721
Beren oitlei, 5 dart
eltle*. 6 day i
$1,682,960,261
264,018,273
$1,421,7^5,749
281,273.417
+11-8
+14-9
Total
$1,886,988,824
426.687.918
$1,643,059,166
496,839.698
+11'7
—14-1
$2,262,656,442
$2,138,398,764
+68
all oitlei. 6
4.11 oitlei,
1
dart.
day
Total all
oities for
week.
Our usual monthly detailed statement of transactions on
the various New York Exchanges is appended. The results
for the ten months of 1902 are given below, and for purposes
of comparison the figures for the corresponding period of
1901 are also presented.
Ten Months, 1902.
Par Value
Actual
or Quantity
Ducrivtion.
Value.
156,658,674
$14711677100
BB.
bonds..
OOT't bonds
State bonds
Bank itooks
11666663,977
Aver'Qt Par Value
Price. or Quantiti
79-3
t7«5,flSP,460 $618,687,821 80-8
$1,117,400
$1,241,660 111-1
13,386,900
$1,137,486 34-1
$421,600
$1,853,184 489*3
Total... $16482192450 122884 83,01?
659,161,400 126,653,075
Grain, bash.
Total Talne.
Ten Months,
12714130,093
79-4
7e^o.
230,878,712
82606714475
1901.
Actual
Value,
'Aver'gt
Pr*c*.
i
17630958.773 78-3
$831,028,400 $718,509,255 ?6'1
$1,E 90,670
$1,810,192 1138
$2,888,800
1893,811 88-2
$129,476
$886,527 898*6
23841801820 18852668,55? 78*6
708.882,825
629.877.610 74 4-5c
19182486.0*8
+9-1
+2'5
2,924,181,819 +16-0
+87 3,586,142,698
7,990,688,438 +18-0 8,135,614,872
7,971,256,368 +27-6 3,862,340,934
3,287,854.464
9,889,784,498
10,179,774,877
August....
1
3,060,989,568
3d quar.., 29,299,283,180 26,331,679,801 [+16-8 10,084.128,002 9,272,965,851 +8*8
9 months 86.7£0,987.436 89,379,606,118 -2-9 30,634,899,597 28,586,298.279 +7*2
October.
11,866,778,676
9,588,220,691 +19-2
8,586,703.530
3,869,933,637
+7-8
The course of bank clearings at leading cities of the country
for the month of October and since January 1 in each of
the last four years is shown in the subjoined statement.
BANK 0LBARINO8 AT LEADING
Oetober.
,
1902.
Kew York..
Chicago
Boston.,
Philadelphia
St. Louis ....
Pittsburg..
San Fran' co.
Baltimore...
Cincinnati...
Kansas City.
Cleveland...
Minneapolis.
New Orleans
Detroit
4,576
709
637
490
608
539
394
158
137
105
91
68
80
50
65
59
36
35
88
59
42
43
Buffalo
Paul
Denver
Hartford....
Total
to October
1901.
1900.
31.—
1899.
198
169
105
100
80
89
60
76
57
60
39
84
31
86
30
28
26
21
12
30
25
33
27
24
25
20
11
71
SI
65
43
36
37
29
24
35
27
25
26
19
11
815
637
567
532
433
415
800
339
293
290
247
236
192
118
$6,744 40,983 50,461
6,339 5,623 5,413
6,041 4,973 5,862
4,550 3,835 3,980
1,835 1,372 1,345
1,713 1,327 1,273
949
997
809
755
582
470
468
458
384
276
271
289
266
251
205
190
113
844
788
889 1,022
655
612
622
528
468
427
422
467
420
358
343
353
351
338
243
263
215
221
274
267
284
246
206
214
192
201
142
180
114
107
10.812 9,038
7,196
498
485
7,97193,540 94,950 64,88174,787
367 4,588 3,966 3,483 3,068
9,536 7.621
3|585 3,045
3.08134,505 3 2,172 27,381 27,394
555
Totalall... 11,367
Outside K.Y.
5,257 63,623
597 6,962
641 5,768
407 4,854
149 2,102
171 1,804
96 1,112
86 1,006
68
895
5,951
£4
38
86
34
28
30
22
12
8t.
OITIES.
Jan, 1
1899. 1902.
747
644
540
218
193
135
105
94
104
69
Louisville...
Milwaukee..
-
1900.
7,497
Omaha......
Columbus...
Providence..
1901.
>
9
omitted.)
Otheroities!.
Other
9,180,271,048 +10*4
3,576.983,118
8,217,167,796 10,109,722,739 -18-7
April
8d quar.
-4-0 10,136,990,001
-9(
-190
10,989,629,706 12,016,067,403
10,393.602,381 12,881,371,194
(000,000*
Clearings by Telegraph.—Sales of Stocks, Bonds, &c—
The subjoined table, covering clearings for the current week,
usually appears on the first page of the Chronicle, but on
account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1901 there is an increase in the
aggregate of 5*8 per cent. So far as the individual cities are
concerned, New York exhibits a gain of 18'8 per cent, Boston
4'4 per cent, Philadelphia 28
per cent, and Chicago 2-6 per
cent. St. Louis records a loss of 2'8 per cent, New Orleans
19*1 per cent, and Baltimore 6*5 per cent.
8,363.706,615
8.363,711,47?
3J87Q
8,388 98,128 98,916 68,364 77,855
IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANOISCO.
The Collector of Customs at San Francisco has furnished
us this week the details of imports and exports of gold and
silver through that port for the month of September, and
they are given below in conjunction with the figures for
preceding months, thus completing the results for the
nine months of the calendar year 1902. The imports of gold
were heavier than for any preceding month of 1902, reaching
Of silver there
1567,578, of which $486,650 was in coin.
in $238,969, of which $238,387 was bullion. During
the nine months there was received a total of $1,219,48*
gold and $1,696,878 silver, which compares with $11,842,8$
gold and $2,297,610 silver in 1901. The shipments of gof
came
:
THB CHRONICLE.
1010
during September were $210,150, mostly bullion, and the
exports of silver have been $840,250, of which $376,950 was
For nine months the exports of gold reached
coin.
$1,879,495, against $239,956 in 1901, and $5,722,117 silver was
sent
out,
against $4,505,818 in 1901.
The
exhibit for
September and the nine months is as follows
IMPORTS OF QOLD AND SILVER AT SAN FRANCISCO.
SILVER.
GOLD.
MONTHS.
Bullion.
Coin.
1902.
January...
February..
$
Total.
$
SB
Coin.
Bullion.
T"
Total.
i
92,809
198,874
169,193
188,078
142,912
239,259
156,560
270,224
238,969
9
88,879
131,075
165,823
187,895
140,268
77,445
151,482
199,154
238,387
46,544
3,930
52,429 67,799
63,324
3,370
188
157,093
2,644
102,716
42,280 161,814
35,919
5,078
151,606 71,070
582
567,578
August
September
3,454
47,290
25,825
13,768
38,265
2,035
13,615
81,793
486,650
43,090
5,139
37,499
143,325
64,451
40,245
22,304
69,813
80,928
mos
712,695
506,794 1,219,489 316,470 1,380,408 1,696,878
Maroh
April
Tot. 9
...
EXPORTS OF GOLD AND SILVER FROM SAN FRANCISCO.
COLD.
Bull'n
Coin.
1902.
January
9
..
February..
July
August
September
lot. 9
mos
145
3,575
5,673
4,439
1,480
11,555
6,526
55.030
5,480
9
73200b
....
«...
637
>--.
207006
635800
2L0150
SILVER.
Total.
9
Ooin.
9
145
735,575
5,673
4,489
2,117
11,555
213,531
690.830
215,630
8,862
34,232
80,319
13,052
33,007
9,299
12,821
909,167
376,950
Bullion.
9
466,100
419,400
566,083
309,000
263,235
669,637
826,853
310,800
463,300
93.902 1,785593 1,879,495 ll.427.709 4,294,408
Total.
$
474,962
453,632
596,402
322,052
296,242
678,936
839,674
1,219,967
840,250
5,722,117
^0ttjetat^3^0mmj^ciaX^ttflIisIt3^exuf
l
From our own
correspondent.]
London, Saturday, October 25, 1902.
Business on the Stock Exchange has been almost at a standstill throughout the week, and a depressed feeling has prevailed.
The request of Russia to be allowed to communicate
freely with the Afghan frontier officers has made a bad impression. So, naturally, has the reverse in Somaliland, suggesting that our officers have not even yet learned the lessons of the South African war. And lastly, Mr. Chamberlain's statement that the Government has not made up its
mind as to what contribution it will require from the new
colonies has caused much disappointment. Q trite unreasonable as the disappointment is, it ought to be obvious that
nobody can at present judge what the new colonies can
really pay.
Over and above ^11 this, there is a very bad feeling in Paris,
mainly due to vague political apprehension. Since the beginning of the year about two millions sterling has been
withdrawn from the French savings banks, and the withdrawals have been growing larger and larger lately. For a
great many years the fresh deposits have exceeded the withdrawals, and the reverse'of jthis now is making careful ob.
servers anxious throughout France. Partly the movement
attributed to the influence of the monks in the rural parts
which are still Clerical in feeling; partly it is
the result of fears that the coal strike will not end without
serious disturbances; and partly it is the outcome of
is
of France,
anxieties lest the Socialist Party should get the upper handMost careful observers are coming to the conclusion that the
Radical Party is the only party in France which really has
courage and statesmanship, and it is feared that the Radical
Party cannot hold its ground without making such concessions to the Socialists as the capitalist classes dread.
Lastly, there has been quite lately a good deal of speculation in Spanish bonds and Spanish railway securities, and
likewise of South American securities, and apparently some
of the speculation is very weak. Last Saturday the formal
completion of the syndicate formed to improve the Spanish
exchange ought to have been carried through, but a hitch
arose at the last moment, and this has led to a good deal of
selling of Spanish securities of all kinds, and consequently
has caused losses to operators. Then, also, French rentes for
the second time within a month or so has this week been
under par. French operators, therefore, have been selling
not only in Paris but in London on a considerable scale,
and this has added to the depression that existed previously.
Were it not for this combination of adverse influences,
probably the end of the coal strike in the United States
would have led to a general improvement here. At all
LXIV
[Vol.
on the Stock Exchange was to put up
the President's action was crowned with
success. As yet there appears no prospect of bringing about
an arrangement of the strike in France, but it is stated very
confidently by the employers and their friends that the
men cannot hold out very long, as their funds are small. The
general expectation therefore is that there will be a settlement in a short time. Still, there are apprehensions that
there may first be serious disturbances. The coal strike has
not so far led to very large purchases of coal in this country.
France always imports a considerable quantity of British
coal, and there has been no such increase recently as materially
to affect the market. On the other hand, the imports into
France of both German and Belgian coal have been very
large, and as a result the.German ooal industry is more hopeful and more active than it has been since the crisis began.
But the influence upon the iron trade has not been equally
satisfactory. Indeed, there has been a great curtailment of
American purchase * of iron in Germany, and now that the
strike is over the impression is growing that American purchases will cease soon altogether. Except, therefore, in the
ooal trade there is no improvement to note in Germany.
There is very little improvement, either, in Russia, although
the Russian Government is giving what assistance it can to
manufacturers by placing larger orders than had been placed
for a considerable time. In Austria-Hungary the deadlock
between Austria and Hungary, and the conflict within Austria itself of the nationalities, are causing great depression.
Money throughout the week has been exceedingly plentiful and easy.
Day-to-day loans have been made at 2 per
cent and in some oases even lower. Loans for the week and
more have been made at %% P er cen t and the discount rate
has been under 8)4 per cent in the open market. Ju3t before
the Bank of England raised its rate of discount it discounted
bills on a very large scale at 8 per cent, and so supplied the
market with large funds. Since then the GDvernment has
been paying out very considerable sums, and thus the market is richer than it has been for a long time. The Bank of
England evidently has been hoping that it would recover
control of the market when the bills it lately took mature.
So far, however, it has not succeeded, and unless the directors take action soon there is serious danger that gold may
be withdrawn in large amounts. Reference has been made
above to the continuous withdrawals of deposits from the
French savings banks. This has naturally caused some anxiety to the ordinary banks, and they have been strengthening
the reserves, for they naturally argue that if withdrawals
from the savings banks oontinue, apprehension will spread
and there may be withdrawals from themselves. In any
event, the banks undoubtedly have been withdrawing from
London a portion of the funds they have been employing
here for the last three years.
Money in Paris, for the reasons explained, is growing
dearer, while, as just pointed out, rates here are declining.
Consequently, there is no great inducement to the leading
French banks to keep their balances here. The banks have
been avoiding taking gold as long as possible, yet they have
bought gold in the open market, and a fall in the Paris exchange upon London of 3 or 4 centimes would enable gold to
be taken from the Bank of England at a profit. Unless,
then, the directors of the Bank of England exert themselves
to recover control of the outside market, withdrawals of gold
for Paris may begin on such a scale as will send up rates very
events, the disposition
quotations
when
rapidly.
The India Council continues to ssll its drafts fairly well.
tender on Wednesday 30 lacs, and the applications amounted to 1,823 lacs at Is. 8 31-32d. per rupee. Applicants at Is. 3 31-32d. were allotted about 2 per cent of the
amounts applied for. Later in the day the Council sold by
private contract two lacs at Is. 4d. per rupee.
The following return shows the position of the Bank of
It offered for
England, the
Bank
compared with the
rate of discount, theprioe of consols, &c,
last three years
:
1902.
Oct. 22.
JtTCUlfttiOn-
PubllO deposits
Other deposits
iorernment securities
Other securities
deserve of notes and ooin
JolnAballlon.both depHrtni'ti
Prop, reserve to liabilities., p. o.
per oent.
Sank rate
Jonsols, 2H per oent
1900.
1899.
Oct. 23
Oct. 24.
Oct. 26.
M
£
M
M
89.883,960
10,573,188
89.221,113
10,416.182
28,877,890
22,867.726
84.056.685
46 18-16
29,298,280
89,179,915
8,048.248
40,979,370
£0.191.034
28.089,570
8.078.887
\t,4T£.77i
16.185,990
80.72S.440
22.627.i47
33.766,717
44 7-16
1901.
11,018261
40.109,671
18.016.76S
26.166,8:9
24,828,191
36,351.411
;iearln8-Uouse returns
21.0*7,679
82.80^.494
4t%
42%
8
4
983-16
D
103 16-16
4
929-16
26«d.
88 5-16d
170,278.000
Silver
85.60-U50
163.710,000
98%
t8%d.
30 8-16d.
144,181.000
132.943,000
The Bank rate of disoount and open market rates at the
ohief Continental cities have been as follows:
October 24.
Rate* o t
Inter e»t at
October 17.
Bank
Open
Bank
Bate.
Market
Bate.
Open
Market
3
4
2«
4
4
3
4
4
3
3
IV*
4
2H
8
8%
3
8
254
3
m
nom.
3*
<K
St. Petersburg..
4K
Madrid
Copenhagen.
4
4
4
4
4
4
..
8
October 10.
Bank
Open
Rate. Market
3
3
3
8
nom.
4
4
3
BM
*H
Bank
Bate.
Open
Market
m
3
2
8
2X
2%
2«
3
8
3
3
2*
SH
October 8.
2M
8*
noa.
4
4
4
4
8
SH
4«
4
4
*%
nom.
4
4
'
.
November
The rates
money have been
as follows:
Bank
S
'Sept. 27
4
Oct.
"
11
••
18
"
Monthi.
4
!
for deposits 6*
Irade
Billt.
Monthi
Monthi.
4
Mot Banks
Call
8«
8«@3«
3-16@3M
8
7-16@S^ 3«@4
Daw
2
8M®8fc
3
Joint Dis't H'l
Stock At 7-1*
Billt.
S Mot.
3fc
3«@3 7-16
i
2*
@4M
2*
2*
4
2^ 2k 8Vl
3«
Abell write as follows under date of
3 5-16@S^
4
Messrs. Pixley &
October 23:
Gold—The Continent has been an eager buyer
of all arrivals, and the
price has advanoed to 77s. 10%d. per oz. standard. The sole movement at the bank Is a withdrawal of £100,000 for Egypt, Arrivals:
Australia, £218,000; Straits, .£5,000; Bombay, JB78.000; Cape Town,
£124,000; River Plate. £14.000; West Indies, £21,000; total, £460,000. Shipments: Bombay, £24,750.5
Silver The market has been quiet with moderate Eastern demand
but as holders have not pressed sales the price has not fallen below
23 5 i«d., at which figure the market closes quiet. The Indian piice
to-day is Rs. 59% per hundred Tolahs. Arrivals: New York, £140.000;
West Indies, £5,u00; total, £145.000. Shipments: Bombay, £102,700; Australia (coin). £16,200-, total. £118,900.
Mexican Dollars— The volume of business has again been large, the
Straits being the principal buyer. Mexico has been selling freely and
the price has given way to 22is u d. £30,000 has arrived from
America, and £49,850 has been shipped to the Straits and China.
The quotations
for bullion are reported as follows:
GOLD.
London Standard.
Oct.
Bar gold,
fine... .oz
U.S. gold ooln...oz
Germ'n gold ooln.oi
French gold ooin.os
Japanese yen....oz
d.
$1,607,706
9,249,760
91,862,346
9,423,668
Total
112,545,452
Since Jan. 1
Dry Goods.... J106.549.302
Gtonl mer'dlse 370,736,452
911,667,230
$10,857,466
911,286,014
890,197,913
378,427,988
998,758,044
352,115,088
$87,610,620
348,174,125
aen'l mer'dlse
rotal 44 weeks $477,285,754 ?468,625,901 9450,873,132 9435,784,745
The following
a statement of the exports (exclusive of
New York to foreign ports for the
from January 1 to date.
EXPORTS FBOM HBW TORK FOR THE WEEK.
is
ipeoie) from the port of
<veek ending Nov. 3, and
190S.
\
. .
!
253 18
oz. 25»«
Cake silver
Mexican dollars. oz. 28i» u 2215 16
The following shows the Imports of oereal produce Into tht
United Kingdom during the seven weeks of the season
compared with previous seasons
1901
and
1899.
8,934,100
2,406,500
3,051,500
405,000
239,600
8,023,500
3,199,600
stocks on
1901.
9,001.200
2,810,900
4,740,645
1900.
11 395.300
3,056,000
3,798,387
Silver,
per ounce
&
H
23
Consols. , new. 2 \ p. cte
J
For account
Fr'ch rentes(in Paris) fr
Spanish 4s
Anaconda Mining
Atch. Top.
<fc
•
Santa Fe.
•
Preferred
Baltimore & Ohio
Preferred
<
Q
A.ND
103 H
109i«
860s
5
90%
103
97
189 58
51
Chle. Mil.
NH
192%
<
93ifl
common ..........
J
J
<
Q
W
1st preferred
2d preferred
Illinois Central
Louisville
1
4 Nashville..
Mexican Central
Mo. Kan. 4 Tex., com..
Preferred
National RR. of Mex...
Preferred
3
5
*. y. Cent'l
5
$
S5
4 Hudson.
B. Y. Ontario 4 West'n
Horfolk 4 Western
Do
do
Pennsylvania...
*Phlla.
Preferred
Union Paolflo
Preferred
U. 8. Steel Corp., com.
do
Wabash
Do preferred
Do
*
a
4 Read
Southern Pacific
Bouth'n Railway, com.
Do
'
pref
*Phlla.4Read.,lstpref.
•Phila. & Ready 2d pref
1
1
y
38 7
8
69*4
53
151
139^
26H
30^
62%
33%
75B8
all
96«a
137 \
93ifl
93 »«
93>fl
39
69
53
38^4
38>4
39H
69
53
151
139
151>«
140ia
68
53
149
137
49ifl
30
Total 1902
Total 1901
Total 1900
$13,021
24,383
$37,404
36,344
$3,431 $26,234,416
2,857,585 32,314,261
13,445 47,445,064
15,123,779
4,143,833
7,625,066
1,958,400
Imports,
Exports.
Sitter.
Week.
Since Jan.
SinceJan.l.
Week.
1
9700,905 $27,238,079
598,435
"Tanoe
Germany
West Indies
8,000
Total 1902
Total 1901
Total 1900
92,997
1,594
1,000
163,767
52,661
306,076
7,212
"3,6'l6
South America
ill other countries.
"$4,695
$711,915 $28,367,230
40,256,746
43,786,228
?i"if9
458,362
444,999
18,970
«998,191
$4,095
41,664
151,664
1,127,656
1,023,568
3,154,518
3,988,473
53
150
137i«
62
60%
1913
19
19
39%
30i«
25%
29 14
40
1S9
33%
75 H
40
159ifl
1685*
33%
32%
751s
73^8
95
83
83%
453s
45
34 H
3438
458a
39 >s
39%
72
72»8
721,
37%
38%
37%
10688
i
94
40 78
107 H
39%
83*8
45 H
39>4
71>e
158
33
7378
95
83»4
33 4
5H
71%
41
41H
90»fl
89k}
40%
89%
3413
33 v«
34
49
49
47%
82%
80i«
767,200
308.564
424,190
Bye.
800
283,000
89,403
4S.200
48,614
47,470
ai.ooo'
562,480
110,500
74,861
109,630
14,100
140,000
67,366
69,860
5,500
408,238
300,040
140,906
80,061
9,100
-•reland ..
Louis ...
19.S3T
23,129
61,777
203,353
53,065
1,127.318
163,990
'•orla
36.525
44,800
478,000
668,010
389,000
1,255,300
$64,800
302,800
615,274
10,196,017
2,596,016
4^693.970
2,173,227!
623.293
470,265
7.737,054
2,218,112
2,779,426
1,629,998
6,600,468
8,938,171
2,967,413
2,062,775
it.
mai
City
rot.wk.1902
>«ma wfc.'Ol
t*ma wk.'OO
Since Aug. 1
1902
1801
1900
6.614,015 110,419,794 25,460.602 63,068,394
6,682,097 103,772,960 40,471,283 49,496,716
5.920.351 94.965,909 58,666.5441 58.602.7I6
19,392,006 4.024,284
18,113,344 4,590,163
1
18,247.fle':
1.929.045
The receipts of flour and grain at the seaboard ports
the week ended Nov. 1, 1902, follow:
rioxtr,
bbtt.
N«f«4»tt«i—
'aw Tork
^.
167.B60
56,7?2
34.136
Phlladalphiao
^,934
Baltimore
88.629
llehmond
S.8H2
22,242
£0,965
law Orleaoi*..
Itwgort Newi
tairaston
Mobile
48%
Barley.
Oats.
Bush.32lb>. Bus/i.48 lb3 Bu.56 16«.
618,483
1,362,575
2,197,750
131,575
22,800
102,700
622.260
25,600
2,188,867
oi«do
i«trolt
94
81
Corn.
8,910,000
ioiton
95««
10718
1,673,516
216,000
>aluth
4Inn«apollf
Montreal..,,
90*s
341c
93%
165,747
117,600
39
36'8
Wheat.
Flour.
H!«ago
4
36 7a
96
106
94
40
96*9
107
94i«
at—
EbU.W« lbs Bush.60 lbs Bush.5Qlbs
68k
25%
29%
60%
26
29 7e
62 ^
95
82*4
96 1«
137 8
102%
107%
93 H
83%
33 8
49 H
107H
479
90ie
190i«
4414
96
t
4'e
89*8
1026s
44%
96
„.
91.431
3,000
.....
other countries.
86J4
45
93
90H
86k
93%
193 1*
30%
83^
S4H
95
985 16
4914
29^8
190i9
19 1 *
40
159
Thun
30i«
193»4
46*3
M
o
o
H
pref.
Deb. "B"
Price per share.
46
87
5
90 Bjg
109^
97
30^4
93%
IO314
1093s
51
Brie,
West Indies
$2,415,983
680.550
447,743
466,271
22,666
973,283
167,333
Receipt*
86*8
5
89?8
139^
Do
$184,625
18,774,514
4,921,099
823,062
62,776
1,375,294
103,046
937 16
99-85
23 H
937, 6
52
St. Paul...
Gr.,com....
do Preferred.
Since Jan. 1.
Week.
93H ]6 935s
93%
934
10000 00-17^ 99921* 9983
Wed.
233 16
138%
4
Since Jan. 1.
23i 16
fuel.
23*4
93i 18
H
& Rio
Imports.
23ii 6
ifon
„
Den.
HBW TORK.
IMPORTS OF SPBOI1 AT
Sreadstaffg Figures Brought from Page 1050.—The
itatements below are prepared by us from figures collected
by the New York Produce Exohange. The receipts at
Western lake and river ports for the week ending Nov. 1,
«nd sinoe Aug. 1, for each of the last three years have been:
Canadian Pacific
Chesapeake & Ohio
Chloa. Great Western.
CD
97.372,070
387,471,150
Week.
narkets-Ftr labia.
The daily closing quotations for securities, etc., at Londe
are reported by cable as follows for the week ending Nov. 7:
Sat.
$9,888,208
447,727,008
Bold
1899.
8,934.100
3,199,600
4,823,893
19,243,556 16,555,745 18,249,687 16,957,593
Total
25s. lOd.
28s. 9d.
27s. 3dAver. price wheat.week. 25s. Id.
Average price, season. 26b. 9d.
25s. lid.
28s. 7d.
25s. 8dThe following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
1901.
1900.
Last week.
This week.
1,935,000
1,955,001
Wheat
qrs ) 9(ta . onn J 1,750,000
Z » C88,00 °
315.00C
265,000
275,000
Flour, equal to qrs. 5
I
555.000
If alee
770.000
505.000
830.000
ars..
LONDON.
99,216,053
422,923,291
exports.
1):
Bnallsai Financial
1899.
1900.
XPORTi
IMPORTS.
1900.
190S.
1901.
Imp'tsofwheat.cwt.13,163.395
9,004,200 11,395,300
4,653.500
3,670,300
Barley
5,888,945
2,884,800
4,269,000
OatS
2,869,840
249,410
Peas
237.309
238,500
441.800
320,040
Beans
427.945
6,910.500
Indian corn
6,446.200
4,123,735
Flour
2,810.900
3,056,000
2,730,622
Supplies available for oonsumptlon (exclusive of
Imports Of flour
2,730,622
Bales of home-grown. 3,349,539
1900.
Note.— As the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also compiled by the Custom House, we shall from
time to time adjust the totals by adding to or deducting from the
amount "previously reported.
The following table shows the exports and imports of
ipeoie at the port of New York for the week ending Nov. 1
and sinoe Jan. 1, 1903, and for the corresponding periods in
10% 77 10 Bar silver, fine. oz.
Do 2 mo. delivery 235 16
76 5*s 76 4*9
76 5V 76 4V, Bar silver, oontain'g
do 5 grs. gold.oz. 23i3i, 23*8
76 5V 76 5*
76 5V 76 4Vi do 4 grs. gold.oz. 238g 23U M
do 3 grs. gold.oz. 237 16 234
1902.
1901.
for the week.
911,848.571
Prev. reported 395,700,013
rotal 44 weeks 9407,548,584 9432.139.344 9467,615.216 9394,843,220
d.
77
Wheat Imported. owt. 13, 163,395
1899.
23.
•Nominal.
September
1900.
12,259,392
9,407,838
Oct.
d.
b.
1901.
1902.
•2,034,200
10,511,252
SILVER.
16.
s.
For week.
Dry Goods.,
London Standard.
Oct.
23.
1011
Imports and Exports fob the Week.—The following are
the Imports at New Tork for the week ending for dry goods
Oct. 80 and for the week ending for general merchandise
Oot. 31; also totals sinoe beginning first week January,
rOBBIQH IMPORTS.
W
4
85
'
'
Commercial and W^^tt\lVintous%zv99
Open Market Bate$.
Ionian
.
THE CHRONICLE.
1902.]
8,
for
'
:
•ortland.
Ma
Total weak..
«r»ek 1901
2.179
1,036
614.165
582,489
Cam,
0«t«,
b.ioA.
buth-
feuth.
J62.626
434,576
777,395
96,049
152,497
aH,866
279.700
63.530
219,300
£39,343
1C6.250
69,305
30.026
24,75
46.32
403.R00
105,-2a
65,371
19,126
32,11
40,74 4
23,000
82,475
29,512
kMO'
W.691
68.625
11.230
89,545
20,800
Brtt,
>uth.
63.676
3,675
o.^T"
111.211
1,740
'18,970
1.48
3,263.380
2,743 196
"371,34
786,8a
Raoeiptt do not lnoiuda grain pasting tbr
c rti on through bllli 01 lading.
•
£«rli»
»«•*
iVHft,
for
855,209
1,286,130
Haw
140,200
276.101
176.18T
67.951
Oriaani tor lorale
THE CHRONICLE.
1012
Total receipts at ports from Jan.
follows for four years:
of—
Beceipts
Wheat
,
,
—
Barley
Bye.
oompare as
1
1900.
18,468.680
1899.
18.3)0.778
86 5^5.003
180,416 884
67,994 917
8,901,919
2,421.588
101.533.491
16-4.7 l»,9o7
82.871,988
9.667,3 '6
6.09rf.»92
coo
T?
"
816588,907
310,078.830
178.934,702
867,887,601
The exports from the
ending Nov.
1,
several seaboard ports for the week
1902, are shown in the annexed statement
Wheat.
Corn,
BmmorU from —
but*.
449,187
220.351
839.843
133,836
81H.OO0
Hew Or leant,. 680,990
Rewo'rt Newi 63,680
297.061
Montreal
Qalveston..... 893.600
huth.
'24,776
fl*
r-l
The destination
1,
1901, is as
8.735
29.512
53,898
MH
29,947
216,289
270.092
288.835
8,671
29,947
8,804
84.030
72.889
week and
Qontlnent.
S.
A 0. America.
Wen
Indies
r.N.Am. Colo's
Other countries
69,682
7,ou2
80.206
2,098
8.724
Week
buth.
1,693,931
1,221,317
bbls.
8,693,629
1,016,921
,
Sines July
1.
©cooo
cq»»
cqoq
00 CD
1902.
buth.
81,863.738
1,
24,913.0**)
331697
5,385
416,870
65.827
268,600
250
24,680
5,791114
2842.940
6.726.0U5
3.522,341
1.600
486.851
-Oorn.Week Since July
Nov. 1.
1. 1908
bUth
buth.
61.808
582,609
451,070
60,172
68.381
308
285,710
8415
6.716
118.5S4
1,881
57,279,861
70,924 0J1
gfcOOOV©
1
rHOQ
MM
— •"!>
-act
* (ttOCACO
»
— — 09
21
Do
Corn,
buth.
l,588.00r
buth.
236.000
8,000
748,000
Oats,
buth.
"»,00''
afloat
Boston.
Philadelphia
Baltimore
866000
946.000
708.00C
4,000
10,000
Orleans......^.. 1,481,000
995,onn
213. COO
23,ooo
Buffalo
l.EO),ooe
60,000
80,000
Hew
Galveston
Montreal
Toronto..
Do
Do
Do
Do
"2,'obo
Do
91.000
664,000
910.000
67.000
1,000
134,000
76,000
46.000
680.000
3,060,000
808.000
......
80.000
14,000
38,000
878,000
1.000
8&o,66b
726'0'd
1,088,000
3,067.000
h 4.338,000
3,000
6,000
1,181,000
34.000
58,000
47,000
428,000
67,000
63,000
83.000
71.000
258.000
80,000
68,000
5.0OO
706,000
76,000
2(0,000
246,000
m'.ooo
61,000
556,000
316,000
8,584.000
8 488.000
12,900,000
7.983.000
7,516.000
7,836.000
8.09S.000
12.9H6.000
6 W68.000
1,173,000
1.168,000
2,014.000
1,100.000
1.127.000
3,399,000
8,102.000
2,8-6,000
8.811,000
8,368 0O0
....
d lianapolli
on Mississippi Hirer
On Lakes
On oanal and rlrer.
.
1,863.000
807.000
46 /.win
64.000
2,917.000
. .
263,000
Nov. 1. 19J2.. 31,200.000
Oct. 26.1902.. 29.91S.000
Nov. 2.1901.. 41,192,000
Nov. 3, 1900. 60,084 000
Nov. 4,1899.. 61 001. 080
e*
es
cue o«
—
-H
Cft
© JftQD0D©Oft
t-iOO00l>©
0D
on-
ao«c«
--00
•«"
e
— ««
e»o»
1
I
cd
°
M
O
oft
©SO
—1
**
1
1
x
•>»
s
:
I.
00O«
: -*
.
.
CD CD
cd
0© ©©
OT — *©
00
« — 00
•
•
•
Ho
2S
_5
^3
4)
*
•
•
•
•
b
::"^ w go
:g« 5
-g£<p
,•->*,!. *> 2S ,.ftni»>. «
p; :«:g2e9 «
: !ii>
>->.;; 3
o
o
:
:
•
j
:
:
fc
.
55
ga-::::
:
«
o
•
:
M-
eo
1
•
Mh
-1© CO®
09 CQ ©X
f>© oc
1*
.
•
n
.
CD
OO0Q
©—..,..
9>tl
— CO.....
— —•••••
H—
003
:
t-
©
OD
CD
r-
CD
-
w— M—
•«•
M©o Oh
—
:
:
»o
©© ©0
«H ©•»
1
•
— H—
t-m
»
o©o— 0© CQOOO^ — t«m — ooe»a -
O0
.
-
mr-t»oo
hOCOCOOIV
:
,
So
.
•
OS IO
•w
©
©
ao©oc- ©
•
h ii
:<»
x *©
h
a
-s
© :2 a 5
2* - © .00 ?r
r
2
»
o
o « «
H
a
o a
O
— u
a
S-S
"S - S K cs a
a
5
fcogo 5
—
6:
b=
: CO
H
00
CO
—
0© ©©
M Mh
00 H'*
—a
— »©
H4
ooo — —4
—
r-
0-4
©t- — »
r-M H09
0)10- fM
0DO00 — 1> f
os
—
03
CO
—
©— ©
r-oi>©Oft ©
MOC-OOCO
©00O 090) ©
—
00
©09©OOX© 00
WOtji© —
© co x x © ©
OD
00
0t
-«M
I*© —
t-fco
ton-v
e»
-JO
ett»
©
OOftO
01
i»
—
m© H»
09M Mh
••00
0Q
>*
— ©0
—'-iH
CQQ0OOO ©
HH
—
CQ© ©t-
©«»oc-o 00
00©ft»©O ©
CQ — «--©
»
T«l
ONCOJjW
OS
— TJ105
0
.
^0
00
Boo a*
5°° hh
caa
H-H
h-h
JjOO
S—
PS
B B
^
CD CD
<e
Sa«
B
cd
«o5a
'18.000
afloat
"eoria
m
OCT©
<B
0St»OVC01>
*•
1.203,000
2,856,000
Kansas City
.
1
14.000
161,000
318,000
8,000
142000
afloat
CftuC
OJN
©©O ©CQ
H
©
a
£»
«©0>l>«®
-
09© •»©
©f r-»
00 ©CQ
<?
00
CO
oo-hc-od woo
tt»
— e»
CO
afloat
Minneapolis
St. Louis
St
CO
TC
•
107.000
88800(1
Dnluth
*
ococa
: CB (p
611.000
6,320,000
Do
afloat
PUWUl'mAPt-Arthnr
•*
0009
-H
<?8
'O
86,000
afloat
Milwaukee
t»
O
eg«¥ CD
00 e»-©
--OCO
: cj
afloat
Setrolt
Total
Total
Total
Total
Total
104. 000
DD0DO
O*
X
P3 CD CD
52
b
—
CD
©
03
1,178,000
Okloazo
1
'57.666
93 J0t
416,000
iHt-03
COS
S3
J9«r!«i
afloat
Toledo
Do
B««,
bull.
47,000
©
—
— 1> » « l> l-
30
00
en
WhSMt,
t-ooooc-c«co
JO
coo
CD
oea M
MOW
MM
X
^
OJ
1
>«0Bai
CO t- Ci
1- an co
•- 0»
-noa ja
a>
<*.
1
^t
-H—
—
©
oot-oon •>
v©O©0>CQ a
r-oo©©o© —
00
(-—-- ©
—
CO cc
oot-o
1
s
•*
t>nn©©o CO
ejo -aocoo* f
«
—
-".
c-o
[»©
no 00
on C0----HH ^
1
09
00
CO
00
—
a
—
wv> ca
CD
--« •
09—
00 0)
CO
CO
occcooncCQ-HO — 0>0
ccooon rrot
COO-
»o» —
ooo •*
—
-J
«H
0©
O © — © leo
i>»o — net 05
-H
1©
00©O — ©
Cr-.cOO I000—to©© »
0»©© — — •* CQ
»-H
—
t»o 0©
©OQOOO
*
©Ct ©©© T*
CO
00© * ©
eo
—
O
A •»««"» CO
H
«
OIN H
09 —
*
1
03
so
0»0»«
©
•*
a
©
r00
1
ci©oj
t>
00
ao
-i«r-
©000©© fH
Iffli « ©•* CO
©©O id) OJ
©
©CJ — ©©© —
-»©cc© e
1
© CO © CO © CO
OD© © — CO CQ
—
-H
--00 Of
'COO
— a
I
61.667
141.300 1,187.871
633.163 16 711456
Oft
4UOC-
The visible supply of grain, comprising the stocks it
granary at the principal points of accumulation at lake ant*
seaboard ports, Nov. 1, 1902, was as follows:
lnit«r*«(—
Tew York
CM Ba 0*
BOSH
»HCf
*
f
Total
836,667
Total 1900-01.... 439,963
03
J-
"l
-TV*«at.
Nov.
DO
CD 00 JO
*—
^
MM 0O ©
OO
»4C L~
2
t"
s •1,09 0© ®
HB4 »
s
cq 1»
—
©OS 00 Oft CO
OJOJ
©
©HO
M«0>
.
since
below:
Baportsfor
week mnd since
Sept. 1 to—
bbie.
United Kingdom 217.875
T)l
iHQOt»
—CO
cor- en
0>
CO
— 01--
©f»Tl>
.
29,108
of these exports for the
-Flour.Week Since July
Nov. 1. 1.1902.
00
1
a
336.667
439.983
«c*m
XJ 00 05
wooo
0«© 00
0D0QGB
»I004 ©
— 0©©
00—0—0
t-oo
CO©l>
1-1«
s
3,703
1.086
111.800
663,168
»s»s»
.
01
*
!-!•<*»
00
•*
—
,e
tlme'01. 3,522,241
10
CD Ob CQ
CQ
3
CO
CDCO-<S*
>etc-io
*
05
»
267,711
nm
3.
9
"'mo
©c- no
no 0©
©00
Or-
erj --(
4,630
26,121
©•*
0© f —
©Oft
to — ©0
X© com
CQr- —t —
I
C3S
*-'
1
.
buth
huth.
91.379
8,136
18,970
17510
23,000
4,167
Total week.. 2.P42.940
July
71,666
28,346
3,179
62 131
83,122
26,029
60,955
600
680
Mobile
Same
bblt.
82,411
5,716
Slew York
Boston
Portland, Ma.
Philadelphia..
Baltimore
&*rlt,
bush.
F««J.
Oatt,
buth.
Flour,
J-
|
—
1
LXXV.
[Vol.
.
Total araln.
—
H
RECEIPTS AND DISBURSEMENTS (000 titled.)
IO —
CDOOv 00
I> O
© — oot**o ©
s? «*,- O
03
©©!--© H
CT
OOO CD
m — ©-^©a& ce
CO— ^1 o>
O t* 0D f* ©
©CD co©ae CQ «
(j,»» — O
«r
oq©*» ©
in
ancxs* —
au
OD
CO
oa-ooc
MOW tOOu —
0^* Jl Cr©C6© — « Tf
m1
*
—
09 "
CHOJ
«
X-V-K ^ — O ©
t> © at 05© i>
UMC 03 iHt»©Tf ©06
09
k ©r-<M ©
~- -»
WI-C--CWOJ »o®
»;
Tjnoas
©0 — ©-co ©
00
© -^ -- OS
V JftC-Tll-H m
»
ID©*
00
a»
——©——O © osaco oh ©
a>
0»0»
—
—
(XSQ
-H—
w
OOO
03
OCO
-CSICOH —
o> «} o» 00 o>
CQ© © co
3s
OS
138,21^,954
100,608 7 <4
63,814,174
4,460,182
8,469,776
.bngh,lll,4«*5,762
"
14,982.i90
"
43,166,181
3,149,683
4,150,946
Oats.....
to Nov.
1
1901.
18.844,178
1902.
bbls. 17,957,222
Flour..
Corn
—»
:
.
12.83*000
* Deducted from July "Miscellaneous" 1901
Recelyed on account Central Pacific Indebtedness
a Deducted from February, "Miscellaneous" 1901
Reoeived on account of Central Pacific Indebtedness
,
t Deduoted from Maroh, "Miscellaneous" 1901
Received on account of Central Pacific Indebtedness
Deduoted from June, "Miscellaneous" 1901.....
Received from sale of claim against Sioux City 4 Pacific
,,„ naK vo
M,<'™ Qq
"
)
J
» 9 aKl. 0117 wo
»«,woo,o i < o«
)
J
», >
00 g U0
•i,»»o,«ov
)
.,
)
"
«o 00 041
•'> 1l **>°* i at
)
)
To make the figures conform to the Government statement, the amount mentioned in above foot-note should be
added to the Receipts as indicated therein. We have deducted these items, as they do not belong to the regular
income account, and if included would disturb the comparison with former and future vears.
Bank Notes— Changes
in
Total
of,
and
in Deposited
Bonds, Etc.— We give below tables which show all the
monthly changes in Bank Notes and in Bonds and Legal
Tenders on Deposit. The statement for September, 1902, ivill
befound in the Chronicle of October 11, 1902, page 775.
Bonds and
Stock of Money in Country.— The following table 1901-02.
shows the general stock of money in the country, as well as
the holdings by the Treasury, and the amount in circulation
on the dates given. The statement for Oct. 1, 1902, will be
found in the Chronicle of Oct. 11, 1902, page 775; for that Oct 31..
Sept 30..
of Nov. 1, 1901, see Nov. 80, 1901, page 1143.
Aug. 31..
r-Stoekor Money Nov. 1.—
1902.
In the United
fBeld in
lieasury.
$
State*.
*
Gold coin (tnc.burninTreas.)l,230,872,772 263,642,933
*(io Id cQrtii tlcfliLGs
Standard silver dollars!
'.
'.'.'.'.'.
645,687,822
4,840,ii36
/-Money in Circulation.—
Nov. 1,
Nov. 1,
1902.
$
624.373.fl46
8 12,756,1 91
1901.
c
633,858.471
2H1.H78.659
73.113.S20
441,810,337
.
-.
98,809,383
85,796,000
346.681,016
6,909,8OS
47,722
8,041,931
77,617,168
4«8,I70,13*
91.899,716
25.748.278
813,639.082
Curr'cycert., Act June8, '72
National bank notes
380,476,331
41,8-4,814
338,781.028
18,488,852
367,007,182
361,674.662
•Stiver certificates
Subsidiary silver
Treasury notes of 1890
United States notes
Total..
Population of the United
lation per capita, $29 36.
8:1,999,361
2,627.968.267 291,861,276 2,836.111,998 2,246.300,642
States Nov. 1, 1902, estimated at 79,672,000; circu-
» For redemption of outstanding certificates an exact equivalent in amount
of the appropriate kinds of money is held in the Treasury, and is not included
in the account of money held as assets of the Government.
+ This statement of money held in the Treasury as assets of the Government does not include deposits of public money in national bank depositaries to the credit of the Treasurer of the United States, and amounting to
823.
Legal-
Circulation Afloat
Legal-
Under
tenders.
Bonds.
tenders.
Total.
44,693,145
43,150,454
41,875,104
42,369,417
42,433,280
43,137,347
41,874,007
40,016,025
38,359,943
37,166,224
35,280,420
33.508.525
335,783,189
323,843,144
319,407,587
316,614,767
314,238,811
313,609,837
315,113,392
317,460.382
320,074,924
322,278,391
325,009,306
326.212,186
44,693,145
43,150,454
41,875,104
42,369,417
42,433,280
43,137,347
41,874,007
40,016,025
38,359,943
37,166,224
35,280,420
33.508,525
380.476,334
366,993,598
361,282,691
358,984,184
356,672,091
356,747,184
356,987,399
357,476,407
358,434,867
359,444,615
360,289,726
359.720,711
explanation of the above table see Chronicle Dec.
first item in Financial Situation.
The following shows the amount of each class of bonds
held against national bank circulation and to secure public
moneys in national bank depositories on October 81.
For
full
14, 1901,
page 1232,
V. 8.
Bonds Beld
Bonds on Deposit
Oct.
31, 1902 to Secure-
1902.
5 p. ots., 1894, due 1904
4 per ots., landed 1907..
4
p, ots.,
1895, due 1925
3 p. CtB.,'98, due 1908-18
2 p. ots., 1900 due 1930.
3-658 Dist. Col., 1924...
State & City
Public Deposits
Bank
in Banks.
Oct. 31,
the
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of Ootober.
From previous returns we obtain the figures for previous
months, and in that manner complete the statement for the
ten months of the calendar years 1902 and 1901.
For
statement of September, 1901, see Chronicle October 19, 1901
page
Bonds.
338.452,670
326,052,770
322,941,680
July 31.. 318,588,480
June 30.. 317,163,530
May 31.. 316,196,180
Apr. 30.. 317,484,130
Mar. 31.. 319,526,330
Feb. 28. 322,575,030
Jan. 31.. 324,031,280
Deo. 31.. 326,280,280
Nov. 30.. 328,107.480
9139,467,690 17.
Government Revenue and Expenditures.— Through
Legal Tenders on Deposit
for Bank Circulation.
Circulation.
$2,229,950
19.412,950
8,607,750
10,991,320
90,126,450
1,471,000
16,377,500
$119,216,920
$1,100,900
8,248,450
2,298,600
6,056,720
320,718,000
,
Total Helf
S3.330.850
27.661,400
10,906,350
17,048,040
410,874,450
1,471,000
16,877,500
¥338,452,670 $487,669,590
1
. .
.
November
THE CHRONICLE.
3, 1902,]
1013
The foregoing does not include the bonds held in the New
Reports of Non-Member Banks.—The following is ihe
York Sub-Treasury against deposits in banks. There were so statement of condition of the non-member banks for the
held on Oct. 81 $11,293,000 bonds, making the whole weekending Nov. 1, based on averages of the daily result.
amount at that date in possession of the Government as se- We omit two ciphers (00) in all cases.
curity for deposits $160,508,920.
The following shows the amount of national bank notes
afloat and the amount of the legal-tender deposit O^t. 1
and Nov. 1, and their increase or decrease during the
month of October.
National Bank Notes— Total afloat—
Amount afloat Ootober 1, 1902
Amount issued daring October
Amount retired during Ootober
BANKS.
Capi-
(00s omitted.)
tal.
$18,726,525
5,243.789
13,482,736
NT1W TOEK CITY
Borough of
Manhattan,
•
1
,
1902.
$380,476,334
fount Morris
tfntual
nineteenth Ward.
Legal Tender Notes—
Plaaa
ilrerslde
Amount of deposit to redeem national bans
notes Ootober 1, 1902.
Amount deposited during Ootober
Amt. oi bank notes redeemed in Ootober. ..
$43,150,454
$3,520,815
1,978,124
1,542,691
Kate
rwelfth Ward
Twenty-third W*d.
forkvlile
Amount
Washington
redeem national
bank notes Nov. 1,1902
of deposit to
The portion of
$44,693,145
legal tenders deposited (1)
by banks becom-
ing insolvent, (2) by oanks going into voluntary liquidation,
(3) by banks reducing or retiring their circulation,
as follows on the first of each of the last five months.
and
was
Legal Tend'g.
July
Aug.
1.
1.
Sept. 1.
1
Nov. 1.
Oct. 1.
Deposits by—
$
$
$
9
$
Insolv'ntb&s.
662.185
721,035
689,585
687,990
591,333
Llquid'g bks. 10,981,162 11,280,307 11,717,784 11,841,227 11,827,300
Bed'o'gund.*
act of 1874. 30,731,088 30,399,575 29,495,135 80,671,237 32,274,512
Total
42,433.280 42,369,417 41,875,104 43,150.454 44,693,145
*aot of June 20. 1874. and Jnly 12, 1882.
New York
City Clearing House Banks.— Statement of
oondition for the week ending Nov. 1 based on average of
daily results.
We omit two ciphers (00) in all cases.
,
Ke-
BANKS.
Capital Burplue
Loam.
Legalt.
%
$
2,899,8
2.197.0
8.081.8
897.0
82,689.4
4,941.8
771.7
748,6
485.9
365.0
109.6
1,389,2
1,699,8
6.206.0
8,749,2
1,476.7
2.248.8
861.0
665.7
193.9
1.891.6
7.848.0
628.2
1,243.1
288,8
1.019,8
1.024,1
8.685,0
218.2
8.702,0
12,682,0
148,1
2,894,6
2,665,0
1,624.0
17.477.2
761.2
408.0
823,9
608,5
11,428.6
2,868.4
188.2
415,7
550,2
1.762,4
411.9
1,669.8
374,0
1,794.0
9,509,2
488.0
1.806,4
741,1
1,518.4
72S.0
786,2
1.467,0
2,048.0
1,348,2
1,861.0
3.803,7
389.0
6,008.0
3,172,2
603,0
765,7
44.7
856,0
169.1
214.7
265.4
1.804.0
4.919.0
157.0
1.290.7
469.2
818.6
868,9
1,195.6
6.898.4
483,8
416.6
375.7
787.1
285.1
8,645,0
820,6
1,186,0
3.672,0
207,8
2,281.8
914.0
1,299,0
2.464,9
427,2
288.0
411.6
229.0
3.033.1
249,5
526.0
614,6
2,453,7
831,3
187.1
666,2
864,0
1,488.0
8,884.3
658.0
325.0
280.7
642.0
178.0
65,0
Bank of N. Y.... a.ooo.o 2,269,1 17.259.0 2,888.0
Manhattan Co... J.060,0 2,384,2 19,763.0 4.666.0
Merchants'
Mechanics'
2.000.0
3,000.0
Amerioa
1,500,0
Phenlx
1.000,0
City
26.000.0
Chemical
800.0
Merchant a' Ex..
600,0
Gallatin
1,000.0
Butch. A Drov's'
800,0
Mech.A Traders'
400,0
Greenwich.
200.0
Leather M'f'rs..
800,0
MTexth Nation' 1,700.0
Amerloan Exoh. 5,000,0
Commerce
10,000.0
Broadway
1,000,0
Mercantile
1,000,0
Pacific
422,7
Chatham
460.0
People's
200,0
North Amerioa. 2,000,0
Hanover
2.000.0
Irving .......... 1,000.0
Oltiseni'
1,650,0
Hassan
600.0
Market Pulton
900,0
Shoe Leather. 1,000,0
Corn Exchange. 2,000,0
Oriental
800,0
Imp't'rs'ATrad. 1,600,0
Park
2,000.0
East Blver
260.0
Pourth.
2,000.0
Central
1,000,0
Second
800.0
Plrst.
10,000,0
N.Y.Nat'lExoh.
500,0
A
Bowery
250,0
200,0
750,0
N. T. County....
German Ameri..
Chase.
Pifth Avenue...
German Exoh...
1,000,0
100,0
200.0
200,0
800,0
Germania
Lincoln
Garfield.. ........
1,000,0
Pifth
200,0
Bank of Metrop.
1,000.0
West Bide....
200,0
Seaboard....,
500,0
Western.
2,100,0
1st Nat., B'klyn.
800,0
Liberty
600.0
N. T. Prod. Ex.. 1,000,0
New Amsterdam 600,0
Astor.
250,0
United Btates...
600.0
,
t
1,285,6 11.642.2
2.562,4 12,914.0
8.276,7 19.569,0
287,0
4,946.0
15,388.1 125,820.8
7,240,7 24.164.8
386.4
6,114.6
3.147.8
8,068,2
1,885,6
88,8
171,1
8,504,0
197,7
1,168.7
625.1
4.940.8
161,0
0,264,7
8.676,1 29.428,0
7,484,1 71,665,6
8,868,4
1,898.7
1,429,3 18,682,7
560,8
2,937,2
1.03M 6,876.4
2,124.6
868,6
1,977.9 14.635.6
5,908,8 46,254,7
5,695,0
1,000,1
601.8
5,767,8
804.1
2,610.0
6.094,6
1,049,1
371.6
4.267.1
8,176.0 28.924.0
1,707.0
407,3
6,277,6 21.899.0
4,511.4 47,472,0
151.2
1,164.4
2,710,4 18.681,3
9.216.0
577.7
9.869.0
1,206.6
12,219.9 79.014,7
5,288.5
359.0
2.641,0
776.6
606.4
8.842,8
481.9
8,886.7
89.778.0
8,262,7
8,696,9
1,570,9
2,644.1
628.6
8.128.3
866.6
1,196.5 10.899,9
7,280.3
1,282.0
2,388.6
895,9
7,917.7
1.277,0
8.067,0
470,7
1,157,6 11,603,0
8,126,0 87,464,2
4,841.0
550.6
892,2
7,671,7
4,826.4
470,8
7.874.0
670,7
4,098,0
478,2
4,828,0
451,1
New fork
a
City,
House Banks
of
Capital 4
BAJTKS.
Boston
summary of
Surplus
New
&
"
218,840,6
318,840,0
218.340.6
1„ 218,840.6
11..
18..
25..
Nor.
Boi<*
Oct.
18..
'•
36..
Nov. 1..
Pall a.'
Oot.
M
24 7
390
273
289
26-5
24'8
82'6
296
240
26'3
24 6
300
1.04
5.217.8
6,590.6
28,627.0
67.817,6
6.059.9
14,148,6
8.659,7
6,695,6
2.605,7
12.962.1
61.908,0
4.698,0
6.668,4
2,9d2,6
6,460.1
4.882.G
27,642.0
1.776.0
19,081.0
67,883.0
1,294,6
19,809,0
12,828.0
10.847.0
71.818.2
6.188.8
8.074.0
4.807,1
8.638.6
47,747,2
9.605.7
8,080,4
4,682.6
11.691.8
7,616,6
2,848,6
8,665,8
3,011,0
18.187,0
44.646,9
4,433.0
7.888.6
4,186.2
8.293.4
8.885,0
3,793,9
23-8
22-4
f893,791,2
278
24-9
30-7
296
29-8
28-8
26 9
249
224
382
21-1
28-8
25-5
28-7
25-3
224
27-1
257
264
803
2S-6
28-2
271
261
289
272
27-7
28-1
224
25 6
28 6
28-1
27-2
21-8
22'4
Legale.
874,647 9
885,450,8
870,977,8
878.508,7
1528383
1541120
1690826
1746240
67,274.8
67.277.7
69.420,8
70,202,6
62,833,0 191,893.0 15.888.0
62.822.0 191,404.0 16.448.0
62,322,0 191,868,0 16,451,0
$
160,0
100,0
800,0
100,0
100,0
252,0
500.0
100,0
800.0
800,0
100,0
100,0
100.0
200.0
100.0
300.0
100,0
187.2
201,2
165,4
82,7
488,8
381,9
86,9
681,6
689,7
166,5
144,1
76,8
267.0
69,8
180,1
66,7
1495.7
1698.7
1400.2
818.0
792.1
8042.5
4180,6
902,2
8908.0
8020.0
937.6
1227,7
668.2
1088.7
616.6
1298.2
830,7
76.1
36,0
100,0 100,3
671,4
755.4
9
18..
25..
;
69.6
1240
96.4
1888.7
3398.8 141,2
2122,3
85.6
1588.9
46,4
3860.0 121.6
19.3
938.6
6483.0 885.0
1690.0
89.0
1193.1
44,8
1644.7
83.2
11.2
800.8
11.2
615.8
745.4
3.4
1418.3
9.2
2.6
387.3
68
458.6
2829.1 207.6
78.7
91,5
162.7
186.6
210.0
83.8
192.0
178.0
133.9
166,6
40.1
88.4
68.0
66.8
16,0
14.6
72.4
145,7 160,0
197.0
8,0
289,9
109.7
3V8
138.9
5,0
158.8
68.8
46.2
838.6
147,0
84.8
193.0 261,0
182,0
109.7
35,«
188.0
1,8
88.9
28.6
43.2
83.6
I'M
282.8
56.0
82.1
42,5
2386,0
8880,0
1988,4
1776,8
1946,6
2789,3
2044,1
1845,4
8102,8
949,4
8105.0
3018,0
1879,0
1668,0
786,6
584,6
782,0
1876,4
170,0
816.6
1308,9
doro'A Of Brooklyn
Bedford
Broadway
Brooklyn
lighth Ward.......
Arenae
ftfth
,
if anufaot'rs'
Nat'l
tfeohanlos
Merchants'
Hassan National.,
National City
North Side
Peoples
seventeenth Ward
tongue National
r wen ty. sixth
Jnlon
Wd.
,
WaUabout
Borough of
Richmond.
Sank of Staten Isl
17,7
97,8
163,8
48.6
39.7
27.8
93.0
17.0
16.1
82.6
1630,8
1766.0
1419.9
880.5
727,8
8445,2
4400,8
945,8
4250,0
8287,0
832,6
1286.8
634.0
968,4
686,2
1084
3.6
12.3
41.6
80.6
84.8
88,0
23.4
101,1
85.6
127.8
46.0
78,4
409.1
158.8
84.4
616,0
408.0
89.9
64.1
69,8
165.P
89,2
51.8
24,4
18.8
45.4
16.6
10.0
83,6
94,0
6.9
610,4
711,9
265.8 1400.0
57,1
99,1
18.9 191.6
66,0 384.6
22,6 181.3
83.0
47,2
857,1
87,3
6861.8
1696,6
995,6
1219,1
1967,6
992,8
7.4
7
42
827.9
189.0
263
11.8
178.0
68.5
395.0
216,0
187,0
11.0
60.1
86,4
41,;
48
9.1
$
372,340,6
"88.125,8
382.685,8
398,791,2
86,073.5
87,866.1
40.128 B
42.093,9
Other Oitiet.
»t Nat., Jer. City.
400,0 996,8 4888,8 219.6
and. Co. Nat,, J.C. 350.0 818,2 2220.6
69.7
Id Nat.. Jer. City.
260.0 804,5 1154,1
Id Nat., Jer. City.. 200,0 269,8 1166,8
IstNat., Hoboken. 110,0 498,6 3338.7
td Nat., Hoboken. 136,0 180.8 1081,6
58.7
116.9
28.6
101,6
86,6
18,0
6.0
20,0
29.6
77.0
16,9
49.2
16,0
88.0
i.e
118,6 1,249,7
774,5
89,8
659
10.1
10,7
11.4
18.8
Tetals Nov. 1.. 8612,0 9498,8 77753,5 3897.8 4284,6 7608,4 1838,7 81408,0
Totals Oot. 26.. 8612.09498,8 78397.1 3815.P 4360.6 7168.3 1886 4 82077,1
Totals Oot. 18.. 8612,0 9498,8 79087,9 3489,8 4382,0 7808,4 1695.S 82985,8
—
Auction Sales. Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction,
By Messrs. Adrian H. Muller
Son:
&
Stocks.
Slocks.
Mobile* Ohio
BR
10 Holland Trust Co..,
12H
$4 50 Mobile & O. RR. Co. [ 75i«
1 Lawyers' Title Ins. Co.. 378
real estate tax otf ..
56 New Eng. Piano Co. of
)
270 Solar Gas & Mach. Go.
Boston, CI. A pref.... $5 p. ah.
50 Cleveland lee & Re25 Eastern Trust Co
190^
Refrigerating Co
6 Berrlog Hall-Marvin Co.
50 Cassadaga Cem't Co. > $10 lot
1st pf and $60 scrip. $181 lot
5 Geve. Crloket Club..
27 Herrlng-Hall-MarvinCo.
1 Cleve. Yaoht Club....
2d pf. ann $50 scrip. $100 lot
34 Gold Bug Mln'g Co..
27 Herring-Hall-Marvin Co.
5 Mldd esex Bank. Co. of
oom. and $50 scrip... $26 lot
Mlddletown, Conn. .$21 p. sh. 131 Internal. Bank. Corp'n..200
254,000 Davidson Gold Min.
Co. of Arizona. $1 ea.$251ot
Bonds.
6 Manhattan Co. Bank
331
$4,000 Atlanta & Char. Air
12 Allan. AChar. Air L. RR.164
Line RR. 1st 7s. 1907
114
1 Corn Exchange Banfe ...435*a $4,500 Securities Co. 4 per
12>j)TJ. S Fidelity & Guarcent consols
75
anty Co. of Baltimore.. 150
$10,00<> Ore. Short Line RR
6 Central Nat. Bank
18 5**
inc. A 5s, 194t>
1097a Alut.
10 Teffc Weller Co. pref.... 90
$5,000 "Judge" Co. puroh.
40 Farmers' Loan & Tr. Co. 1490
money 4s, Class A
39
5
)
.
.
$auMtig
261
241
24-8
28-9
23 5
24-4
248
$
17022034
17211648
18072494
14280925
6,888.0 142.482.1
6.148,0 184.828.9
6,449,0 182,182,2
21
attd Ifittattcial.
Trask
BANKERS,
Spent
22
44,764,0 184.192,0
48,824,0
209,198,0 9,052.0 126,008,9
44,764,0 184.478.0
49,890,0
206,878.0 9,897.0 119 363,2
Nov. 1.. 44.764.0 188.627.0
60.247,0
200.183.0 9,420,0 108 946.3
* We omit vwo ciphere in ail theie figure*.
Inolnd'nff for Rmton and Philadelphia the item "doe to n*h.rbsnki," and
r>+
also Government deposits.
For Boston these Government deposits amounted
on Nov. 1 to $5.856,000 ; on Oct. 26 to $5,294,000 on Oct. 18 to $5,092,000.
"
f efferson
Sentury ...... ......
Wash'rtonHelghts
a ml wd National...
27-7
26-6
UepoeiUA Oire'Vn. Clearing
6,081.0 218,826.0
6,588,0 211,057,0
6,664,0 213,229,0
149.0
108,0
258
Philadelphia Banks.— Below
Specie.
N.Y.»
Oct.
"
15.676.0
23,096.0
18.317.P
18,148.0
21,959.8
4.780.0
118.739,8
24.011.8
5.284,9
6.701.8
2,080.5
8.600,0
the weekly returns of the Clearing
York City, Boston and Philadelphia.
Loane.
«
60.8
107.7
94,6
177.4
176,9
227,6
102,3
869,6
74,7
81,1
261,6
45,9
108,6
60,9
82,0
56.7
108,8
218,4
Net
P.O.
Total
1100672,7 117687P 878.509.7 1746240 70,262,9
United States deposits Included $10,185,800.
we furnish
Mdellty
Varlek
Depoeit.Vfith
Otear'g Otht Depeeitt
Agtrnt. BkeJtc
t
I
2011,7
200,0
250,0
200,0
200,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
200,0
100,0
300,0
100,0
100,0
1000,0
istNat.,Staten Isl
S
A
De»o»it« eerve
Specie.
170.3
Notet
$
100.0
i
AB'k.
••<
Columbia
800,0 263,7 8271.0 193.0
fourteenth Street. 100,0
95,2 1687.4
90.2
200,0
**nsevoort
49,6 1681.7
23.9
-Hamilton
Amount bank notes afloat Nov.
Lee. T.
Inveet- Specie.
mente.
lolonlal
$366,993,598
Sur- Loaiiiik
plui.
&
....
& 29 PINE STREET,
Co.,
NEW YORK
Transact a general bankin* business; act as Fiscal
A vents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIES.
Members N. Y. Btook Hxohange.
Branoh
Moffat
New
&
Office,
86 State
St.,
Albany
White,
members
Yerk Stock Exchange,
1 NASSAU STREET, COHNHR WALL.
Dealers In Investment Securities.
TeL 6820-5881 Cortlandt.
Tracy
No.
CHICAGO.
40
Telephone Stocks a Specialty.
&
Co., Bankers,
Wall Street, NEW YORK.
Connected by Private wire,
HILWADKHB.
Dealers In High Grade Bonds.
Lift of Current Investment
m.^h**. New York Stock Hxohange,
union J Chicago stock Exchange
{
OfeHngs sent on Application.
CeamlaiUn Order*
Executed la
all
Mark***
TBE CHRONICLE.
1014
[Vol.
LXXV.
United States Bonds.— Sales of Government bonds at
the Board are limited to $4,000, 3s coup, at 108 to 108^. The
following are closing quotations for yearly range see third
page following.
taulim' d&sette.
;
DIVIDENDS.
Interest
Name
of
Per
Company.
WKtn
Cent Payable
Railroads (Steam).
Cleveland & Pittsburg, guar. (quar.)..
Pennsylvania
St. Louis & San Fran., 2d pref. (quar.).
Street Railways.
American Railways, Phila. (quar.)
1 S4
Brooklyn Union Elevated, pref
do
do
do
pref. (extra)
Sacramento (C'al.)El. Gas& Ry. (mthly)
Miscellaneous.
American Cotton Oil, com
pref
do
do
1^ Dec
3
1
1*3
American Radiator, pref. (quar.)
American Cereal (quar.)
Brooklyn Union Gas (quar.)
Lelilgh Coal & Navigation
Nlles-Bement-Pond, pref. (quar.)
15c.
4t
3
l 3*
3
2
2>a
......
&
People's Gas L.
Coke, Chic. (quar.)..
Pratt & Whitney, pref. (quar.)
2
Dec 15 Holders
31 Dec 24
Dec 31 Dec 24
Nov
Dec
Dec
Nov
Nov
Dec
Dec
Nov
Nov
Nov
1^ Nov
l»s Nov
1,
Holders
1
Not 29 Holders
Dec
1 Nov 21
\\.
I 1*
Also declared 2 per cent payable June
t
Dec
of rec
of rec
Nov 10
Nov 5
to
Dec 2
of rec
to
Nov 29
Dec 30
to
to
Dec 30
l.Oct 29
Oct 31
Deo 4
to
14
Dec 4
to
14
Nov 16
to
10
Nov 20
to
16
Nov 30
to
l'Nov 16
Deo 12
to
Nov 30
12
28 Holders of rec Nov 5
Nov 16
to
15 Nov 11
Nov 25
to
25 Nov 16
Nov 16
to
15 Nov 11
Nov 30
to
29 Nov 21
Nov
Nov
15 Nov
20 Nov
1
1
1903.
WALL. STREET. FRIDAY. NOV. T. 190S.-5 P. in.
The Money Market and Financial Situation.—'The security
markets continue to reflect a general lack of interest in Wall
Street operations. It is an interesting fact that the end of
the coal strike failed to stimulate any considerable degree
of activity, and now those who looked for an immediate
revival of business to follow the elections have been disappointed. It is true that the tone of the markets has improved somewhat, but there still seems to be more eagerness to sell than to buy securities, and prices are generally
lower than last week.
As the matters referred to above have no longer any influence in the Street, attention is more closely centered in
the money marked, which, as is now clearly seen, has really
been the dominant factor for some time past. Notwithstanding the liberal surplus reserve reported by the Clearing House banks at the end of last week, call-loan rates have
advanced somewhat, and the tendency at the close is to
even higher figures. The foreign exchange market has
also been stroDg, with rates suggestively near the goldexport point. While these conditions obtain it is hardly to
be expected that there will be any general investment
demand for securities or an upward movement in Stock Ex-
2s, 1930
registered
2s, 1930
ooupon
2s, 1930 .smaJ.registered
2s, 1930 .small
ooupon
3s, 1918
registered
3s, 1918
coupon
8s, 1918, small, registered
3s, 1918, small
ooupon
4s, 1907
registered
4s,
4s,
5s,
5s,
-This
Is
1
Q—Jan
Q—Jan
Q— Feb
Q— Feb
Q— Feb
Q— Feb
Q— Jan
coupon Q— Jan
registered Q— Feb
ooupon Q— Feb
registered Q— Feb
ooupon Q— Feb
1907
1925
1925
1904
1904
Is,
Nov.
Periods
Books Closed.
(Days Inclusive.)
Nov.
4
Nov.
3
Nov.
s
>109»« no9»4
'109*4 *109»4
*108
*zl08
109»4
109'4
p
M
J
ibeii
'111
mi *m
•1361?
o
w
*136>s
*136H
*104»4
no4 14
.r04>4
Nov.
7
noovno9»4
no9»4 no9 s4
no8>4 •108 \
108
108
*iii
*a:36>»
Nov.
6
nos^
108>*
nosk
nos *
1
nb*6»i nbe'ia
nio»4 nio»4 nio»4
nio»4 nio»4 nio\
*136>u n36>* nse*
nS6H> *136»9 *136>«
no4Vt 104>« no4>«
no4>4
104>4
the prioe bid at the morning board; no sale was
104 \
no4 1t
made
—
State and Railroad Bonds. Sales of State bonds at the
Board are limited to $61,000 Virginia 6s deferred trust
receipts at 12 to 12J4.
The market for railway bonds has been dull and showed a
tendency to weakness. The transactions averaged less than
$2,000,000, par value, per day, and, after some slight recovvery in many cases, closing quotations are generally lower
than last week. There have been few exceptional features.
Green Bay
Western debentures lost about 1% points and
Wabash debentures sold 2 points below last week's closing.
&
Railroad and Miscellaneous Stocks.— A lower range of
prices has been recorded for all classes of railway stocks.
After some recovery from the lowest, a long list of active
shares shows a decline averaging about 2 points. The market has continued dull and a large proportion of the transactions, especially during the early part of the week, were
limited to a few issues.
Rock Island has been an irregular feature, showing at one
time an advance of 4% points and closing fractionally higher
than last week. Other grangers have been weak, North
West, showing, when at the lowest, a decline of 5 points
and St. Paul ovf r 4 points. The anthracite coal shares have
Otherwise the active list has folalso been notably weak.
lowed the general trend of the market.
The industrial stocks have been somewhat erratic. General Electric declined 5% points, a part of which it has
recovered. American Sugar Refining was decidedly weak
Thursday and to-day, closing with a loss of nearly 7 points.
Cotton Oil has been active and steady, while the copper
change values.
stocks and iron and steel issues were dull and weak.
The open market rates for call loans on the Stock Exchange
For daily volume of business see page 1021.
during the week on stock and bond collaterals have ranged
The following sales have occurred this week of shares not
from 4 to 6 per cent. To-day's rates on call were 4 to 6 represented in our detailed list on the pages which follow.
per cent. Prime commercial paper at 5% to 6 per cent.
Sales
The Bank of England weekly statement on Thursday
STOCKS
Bangs Sine* Ian. 2
Bangs for Week
for
showed a decrease
in bullion of £606,180,
and the percent-
age of reserve to liabilities was 45'71, against 4659 last week,
the discount rate remaining unchanged at 4 per cent.
The
Bank of France shows a decrease of 2,325,000 francs In gold
and
3,850,000 francs in silver.
NEW TOBK CITY CLEAHINa-nOCSE BANKS.
1902
Differences
Nov. 1
previous week
9
9
Ino
Nov. 2
9
Capital
100,872,700
Surplus ...........
117,667.900
Loans <$> discounts 878,609,700
Circulation
42,093,900
Net deposits
»893,791,200
Specie
174,524.000
Legal tenders
70262,900
1900
Nov. 3
1901
from
7,632,100
Inc 1,965,000
Inc 11,105,900
Ino 5,491,600
Ino
842,600
9
81,922,700
98.965,400
891,922.900
31.875,900
958.062,400
178,463,700
71,534,700
74,222,700
90,109 900
792,330 300
30,717,800
841,776.200
158 043 100
68,351,100
aeserreheld
35 p. o. of deposits
244,786,900 Ino
223,447,800 Inc
6,334,100
2,776,476
249,998,400
239,616,600
216,394,200
210,443,800
Surplus reserve
21,339,100 Ino
3,657,625
10 482 800
6,950,400
•$40,185,800 United States deposits included, against $40,066,400 last
week. With these "nited States deposits eliminated, the surplus reserve
would be $31,385,550 on Nov. 1 and $27,797,825 on Oct. 25.
Note Returns of separate banks appear on page 1013.
—
Foreign Exchange. The market for foreign exchange has
continued firm throughout on a steady demand for bills and
slight fractional changes in rates.
To-day's actual rates of exchange were as follows: Banksixty day sterling, 4 8380@4 84; demand, 4 87@4 8715;
cables, 4 8750@4 8765; prime commercial, sixty days, 4 83%
@4 83%; documentary commercial, sixty days, 4 83@4 84;
grain for payment, 4 83^@4 84; cotton for payment, 4 82Jg
@4 83; cotton for acceptance, 4 83%@4 83%.
Posted rates of leading bankers follow:
ers'
November 7
Demand
Sixty Days
Prime uankers' sterling bills on London. 4 84"q ®4 85
Prime commercial
4 83 "a ®4 83>4
Documentary commercial
4 83
®4 84
4
Paris bankers' (Francs)
6 16>« ®5 J6"et
403ig ®40V»
95^1 0> 95>«
6
Amsterdam
(guilders) bankers
Frankfort or Bremen (relchm'ks) banker*
*
Less
l
ie.
t
Less
8 32.
t
Less
18V ®5
39i&i«a
18»4
40t
94\l
94 34
"3>
87^ «4 88
3 82-
Week Ending Nov
B.
&
O. subscrlp. rects
Week
,
800 104 3sNov
50 per cent paid
100 eiVNov
ButterickCo
pd
600 m'sNov
Canadian Pac subs 4th
100 73 Nov
Chlo lnd & Louis, com..
100 175 Nov
Commercial Cable
300 63 Nov
General Chemical, com..
8,300 36 58 Nov
Southern, stamped
1,88:) 92 34Nov
Preferred, stamped
400 32 1aNov
Vulcan Det liming
100 80 Nov
Preferred
105VNov
51»«Nov
136 Nov
73 Nov
175 Nov
63 Nov
36 34 Nov
94 Nov
33H)Nov
80 Nov
3 104SbNov 108 78 Oct
41 J'ne 53 Sep
6
1 133 4.Nov 136 Nov
49>*Jan 80 May
6
6
6
1
3
SS^Oct 3888001
92 34Nov 97 Oct
81
6
Mar 180 Oct
Nov 67%May
150
63
Wet
78 1aOot
34»a0ct
81 Oct
Outside Market. — Conditions in the outside market this
week have shown no improvement. Trading has continued
more or less languid, and outside of a few prominent issues
fluctnations have been within narrow limits. Among the
railroad securities Rock Island and Northern Securities
shares were the most active. Rock Island common opened
at 55%, and on good inquiry sold up to 58J4 on Wednesday,
closing on Friday at 56J£; the preferred shares touched 84
on Monday, but subsequently declined to 81; the bonds have
been steady at 87(386. Northern Securities, after an advance to 111 on Wednesday, suffered a decline of 2 7 g points
on the following day and closed on Friday at 1091^. In New
Orleans Railways shares the fluctuations were only fractional, the common fetching 16%@16f^ and preferred 5-P£@
Manhattan Transit brought 6 14@5%. Seaboard Air
53.
Line was steady, the common at 29 4@29 and preferred at
Western 4s (w.i.) sold at 91 'g
47^(347. Pittsburg Lisbon
91^. Keystone Mining was dealt in on the curb for the
United Copper, the only one
first time this week at %@%.
of the copper group that displayed animation, advanced
from 29 5 g to 33%, closing on Friday at 33. Greene Consolidated was steady at 24^@ 24 and the rights at 85e.(«67%
cents. British Columbia sold up to 7, a gain of a point.
Boston realized 2%@&% and Tennessee Copper
Montreal
16%. Bay State Gas was fairly active, moving between
U. S. Silver Corporation 6s were steady at 100^@
1003^. Electric Lead Reduction common brought 3% (a
and preferred 5%«<5%. International Salt 5s sold on Thursday at 55, a gain of 3~% points over last Friday's price; the
stock advanced 3 points to 13. New Brunswick Coul shares
moved between 6]^ and 6%. Standard Oil was weak an
irregular, dropping from 683 on Saturday to 675 on ThursCoke fell off
day, and closing at 679%. Va. Iron Coal
2 points to 33% and Distilling Securities sank from 81 to
29%, rallving, however, on Thursday to 30%. Hall Signal
realized 125@126.
;J
&
&
\%^m.
1
The following were the rates of domestio exchange on
New York at the under-mentioned cities to-day: Savannah,
buying % discount, selling' par; Charleston, buying par;
selling 1-10 premium
New Orleans, bank, par; commer;
cial, $1 discount; Chicago,
50c. per $1,000 discount;
Louis, 35c. per $1,0C0 discount; San Francisco, par.
St.
&
Outside quotations will be found on page 1021,
New York
Exchange— Stock
Stock
2
1
1
.
.
Record, Daily,
.
)
.
Weekly and Yearly
OCCUPYING TWO PAGES
STOCKS— HIGHEST AND LOWEST SALE PRICES
STOCKS
Monday
*4
T<>
Th xirsday
Friday
Nov. 5
Nov. 6
Nov. 7
100 % 100 "a
•94
94
62% 02%
L22
61%
'122
"141
133 34
*84
173
124
145
122
145
122
*142
142
186% 134% 135%
136
85
87
50%
35% 35%
30%
44% 44%
188"
195
20*6"
200%
160
200
150
190
160
200
20
37
*20
i99S200"
-150
•190
20
37
54
loo
140
*185
*20
36
17
*49
98 ^
20%
30% 37
10% 17
48% 48%
17% 17%
•49
•99
*99
"115
4
32%
100
124
31% 32
*T3-4
73%
73
32
>
*4s
168
40
171
31%
43%
44% 44% •43
•91
90% 90%
91%
-47
*47
48%
48%
20
20%
19% 20
40
40% 41^ 39
87% 87%
*87% 89
18% 18% 18'4 18%
28*2 $28%
8%
3s
38% 37% 38
00% 67
67% 68
51
51% 5112 51
60
00
•60% 61 Hi
*84
-00
180
•84
*59
100
195
20%
»89
•si
•43
c-
•150
-170
19
30
102
200
81%
35% 35%
56% 57
34V> 34 %
*0O
50 l4
05
56%
o
51
60
88
38%
67%
*40
*00
*56
'120
130
*77
81
187% 187
140%141 34
•39k!
41
*88
90
52
99%
*00
120
56
25% 26%
91
90% 91
145% 140%
42% 42
42%
72
72% 72%
44
43% •42
7934
79% 7934
34% 33
35
55
55% 5534
34k
33% 34%
41%
71»4
43%
79%
4
57
65
60
130
60
88
•59
63
187% 188
253
93
92
144-% 140
54
00
130
34%
•00
56
05
60
127
120
•60
50
*88
90
25% 25 14
92
120
65
56
130
-77
80
78
77% 77%
78
133 135
133% 136
135% 137% 135% 130%
120% 120%
120 122
139% 140% 139% 139 34
'39% 40%
*39% 41
*88
*87% 90
90
25
25 %
24% 25%
80
122%
139% 140%
-39% 41%
25% 25%
30%
Do pref
16% Chicago Union Traction.
•58
-84
25%
42
34% 34%
121
123
Chic. St. P. Minn. & Oin.
196
Do pref
19% 19% Chicago Term '1 Transfer.
'150
*192
•91
54
136%137% 134%136»*
137 138% 136%l37 l4
123
85
*89
33 a
<io
80
pref
29
•84
'43
00
88
63
190
79% 79%
33% 35
34% 34%
'120
<fe
Do pref
Cleve. Cin. Chic.
Do pref
&
St.
L.
700
4,400
1,300
200
300
10
31
72
*58
'83
'73% 75
a
>
50 l4
50
Atch. Topeka
Do pref
'89% 90 %
;i
42% 43
80% 80%
34
34%
835
83
*130
130
84
108
'122
108
128
80% 83
128 131
131*2 "130
131
28% 29%
29% 29%
103
108
103
•110
• 227
120
90
228
33
33
73-4
74%
85
*90
73
•100
*7S
120
87
.227" 228
32% 32 34
72% 73%
-90
*100
78
94
73
100
80
94
75
105
78
"37
43
73%
162% 163% 162i4 163%
39
*95
*110
•90
43
82 H>
94 H2
97
120
94
*37
82%
80
97%
•95
110
"90
*90
110
120
94
*71
60% 07
87% *87% 87%
77*2
70% 77%
•37
70
37
43
*95
110
*93
110
*90
97
120
1 84% Jail
May
7 105
Nov 297 Feb 4 188% Jan
40% Oct 13 51 34 Aug21 29%Jan
88% Oct 13 90% Aug21 80 Jau
Feb 1 53% J'ly 11 18 Jan
.59
102%
13
33
75
Feb 3 25 Sep
Feb 24 48% Sep
63% 05%
87%
75% 76
•7L
18%
76%
'72
17
68
70
18% 18%
70
70
30% 30%
31
•30
43
83
97
1,225
10
1
Minneapolis
1
Peoria & Eastern
Pere Marquette
Do pref
7
7,008 135
3,110
38
89
24
Oct 13 174
Feb 7 43
Mar
3
Oct 13
U50 Mar
7
Jan 27
118% Jan 22
6J995 36% Jan 2
90 Jan 14
ijooo 105
Pittsb. Cin. Chic.
Do
100
&
St. L.
"A" ctfs
RR. Securities, tr. ctfs..
eading, vot'g
~ Do
Do
30
St.
lstpref
Law.
2dpref
&
Adirondack...
137,900
3,735
7,100
Feb
Jan
5
1
60
68
700 12
500 62
200 27
50
Jan 14
Oct 10
Not
Apr
Nov
94% Mar
90% J'ne
50 Mar
188 May
200 May
215 May
248 Apr
140
130
27
175% J'ne
Nov
Apr
31 Apr
57 % Apr
2034 May
60 May
101 Nov
124 Nov
18 Apr
140 34
201
00
D«C
Apr
185% Apr
258 Dec
53% May
103% J'ne
2834
45
17
J'ne
Dec
40% Dec
75 Oct 82 Aug
4% Feb 12% J'ne
13% Jan 22% Sep
24% May 45 % J'ne
14% Dec
36 Dec
Dec
5934 Jaii
39% Jau 6234 Dec
41 Jau 08 Apr
81 Jau 95 Apr
17 Jan 36 Apr
107 % May 208 Mar
65 Jan 0734 Feb
7% Jan 11% Apr
40% May 75 % Dec
09 34 J an 88 % Dec
Maj 154% J'ne
Jan 4334 J'ne
Jan 87% J'ly
124
21
48
21
Jan
41
J'ne
77% Dec 81% Dec
13% Jan 25 Apr
35 Jan 49 Apr
18% Oct
5 34 Jan
24 Jan 45% Sep
39% Jan 76% Nov
108% Jan
$230 Apr
07 Jan
70 May
83 May
135% Sep
$355 Nov
90 Dec
11134 J'ne
145
Dec
May 177
iso
27
J'ne
Jan
79% Jan
12% Jan
41
Nov
83 Nov
May 161% Apr
84 a4 Sep 8 63
170 Sep 4 137
Mayl4
90% Mayl 5
78% Sep 3
90% Sep 10
so% Sep 11
125 Apr23
Mar25 128
Oct
196% Dec
52% May
50% Apr
82% Apr
45% Marls
108% Jan 2 13938 Jan 174% Nov
57% Aug 8 16 May 57% Sep
124% Jan 27 97 Mar 120 Sep
100 Aug 7 47 Mai 95 Sep
255 Apr28 $206% Feb 217 J'ne
37% Sep 8 24 May 40% May
8034 Oct 17 42 Jan 61% Nov
98 J'ly 23 82 Feb 92% Nov
81% Sep 20 52 Feb 78 Deo
100 Mar25 89 Feb 1 03% Dec
Jan 8 47% Apr 9
Feb 15 85% Sep 10
80 Mayl 7 93 Sep 8
80% Jan 7 105% Sep 4
52% MarlO
79% MarlO
146
93 Sep
Mar22
30 May
31%Mar31
192 Apr 2 9 107% Mar 180 Nov
3 Jan 111% J'ly
115 Apr 19 07 4
12734 Apr28 101% Jan 124% Oct
84 Nov 1
15 May 36% Nor
139 Sep 12 49 Apr 94 34 Nov
34 Sep 10
35
15 Jan 35 3 8 Apr
0934 Sep 10
37 May- 68% Apr
125% Sep 10 69 Jan 124% J'ne
122 Apr 2 $70 J'ne $82% Nov
21% Sep 4 c 3% Jau 15% Oct
91 34
39
71
113
93
pref
1st pref. vot. tr. ctfs...
76>4
2d pref. vot'g tr. ctfs.
Rutland, pref
77
17 Ot. Joseph &Gr'd Island.
68
Sep 2
97
J'ne
2
3
Nov
Nov
117%May
89 Nov
Mar 122
77
250
>.j
130
120
94
4% 65
87
87
8O34
70% 76%
•72
18
70
70
19
*13% 19%
72% -70% 72%
*31% 33
31% 31%
-is
•71
97%
120
90 94
64% 07
87
88
66% 67%
87i4
77
43
80
Aug26
Feb 34 Not
Sep 60 Dee
42% Jan 91 J'ne
70 May 108 May
8134 Jan 114% May
83% Feb 97 J'ne
55% Oct 88% Apr
<k-t 13
6,250 24 Mar
2,500 51 Jan 13
59% 00
Do pref
135,900 90 34 Mar 11
109% 1103e Missouri Pacific
*103 105
000 80 Jan 24
Nash. Chatt. & St. Louis
1,000 Cl4% Jan 15
at. of Mex., vot. tr. ctfs
18% 18%
"37% 38%
300 37% Sep 23
Do pref., vot. tr. ctfs
153% I5434 X. Y. Central & Hudson. 21,300 149 34 Oct 13
*45
300 44% Oct 13
47% N. Y. Chic. & St. Louis...
'110 120 •110 120 •110 120
Do lstpref
117% May21
*
*84
•84
87
Do 2d pref
87
87
84 Feb 4
228" 228% *227 230 -220 229 N\ Y. N. Haven & Hartf
250 209% Jan 30
3134 32%
31% 33
31% 32% N. Y. Ontario & Western. 16,550 3134 Nov
110,500 55 Jan 14
71% 73% 71% 72% 71% 73>2 Norfolk & Western
•90
*90
*90
93
94
93
Do adjustment, pref.
SO Feb 21
•73
•72
72
72
200 07% J'ne23
75
74
Ptcinc Coast Co
*100 105 '100 106 •100 106
Do lstpref
100% Jan
*77
•70
-75
80
100 78 J'lyls
80
Do 2d pref
80
92,400 147 Jan 1
*158% 160% 158% 15934 159% 160% Pennsylvania
"18% 19
•18% 19
•38% 39% 38% 38
150 156J2 154% 155%
-45% 47
47
47
*110
*120
Sep 19
72%J'ly21
99
128
145
Highest
20
50
Sep 19 110 Mar
145% Sep 3 87 May
97 May22 54% Jan
198 Jan 6 145 34 Jan
57% Sep 3 29 May
45%J'lylO 27 May
79 J'lyl7 72% Jan
220% J'ly30 91 Jan
136% Sep 13 151 J'ly 1 120% Jan
22 3g Jau 25 35 Ang20 1 6 Jan
9514 J'nelO
90 J'ly
90% May
83% Jan 22 90% J*ue24 75 May
43% Jau 24 51 34 Ang20 41 Dec
160% Jan 27 198 34 Sep 20 134 May
186 Jan 14 200% Sep 20 175 May
204% Jau 14 271 Apr29 108% Jan
230 Jan 18 274%Apr29 207 Mar
152 Jan 15 200 Sep 22 110% Jan
140 Feb
170%Apr30 125 Mar
210 Apr 15 180 Mar
195 Mar
15% Feb 21 24%Augl9 10% Jan
30% Feb 20 44 Sep 10 28% Dec
1034 Jan 8 23 Apr29 12 Jan
4434 Mar 15 60 Apr28 58 May
95% Jan 14 108% Aug 8 73 May
118 Jan 21 124% Sep 2 115% Jan
14% Jan 15 3534 J'lvl7
0% Jan
59% Jan 15 79%Augll 40 Jan
28 Jan 14 53% Sen 2 10% Jan
58% 59%
58% 59
108 109%
108% 110
*103% 107
103 103
18% 18% 18
18%
38% 39% 38 38%
154 155% 153% 154%
*45
47% •45
47%
59% 00
61%
109% 110% 108% 109"8
61 %
•103
128
77%Mayl5
96% Sep 9
1 06% Sep
2
118%SeplO
<fe
133% 134%
130% 137%
119% 120
139% 139% Metropolitan street
•39% 40% Met. West Side Kl. (Chic.)
•87% 90
Do pref
25% 25% Mexican Central
108% 108 % 108% 109
120
4834 Maylfi
090
& St. Louis.
Do pref
80% 81% 81% 81% Mmn. S. P. & S. S. Mane.
*128 130
128 130
Do pref
28% 29% 28% 29
28% 29 Mo. Kansas & Texas
109% 109%
81% "83%
*12''
lowest
Jan 15 24 Aug27
18% Jan 14 3534 Apr 9
75,700 35% Mayl
44% Jan 2
7,800 05% Oct 13 7534 Jan 2
3.000 49% Oct li 03 Jan 2
800 50 Mar20 74% Mar
Evansv.
Terre Haute..
82 May29 10434 Feb2
Do pref
30 Jau 2 66 Sep 17
Ft. Worth&Den. C.stmp.
2,100 181% Mar 5 202 '4 Sep 4
Great Northern, pref
70 Jan 11 90 Mav22
Green Bay&W.,deb. etf.A
189
9 Jan 8 29% Oct 20
deb. ctf. K
Do
700 00 .;an 15 100 Aug 8
Hocking Valley
400 81% Jau 14 97% Aug 7
pref
Do
13,800 137 Jap
173%Aug27
Illinois Central
1,800 37% Jan 15 51% Aug21
owa Central
1,200 71 Jan 14 90% Apr 28
Do pref
100 33% Jan 25 50% Augl4
Kanawha & Michigan..
3,300 77% Oct 13 88 Aug 1
C.Ft.S.&M.,tr. cts. pfd
4,900 19 Jan 15 39 Aug25
Kansas City So. vot. tr. ..
Do pief. vot. tr. ctfs. 2,700 44 Jan 14 6234 Apr 21
90U 13 Jau 15 41 Sep 10
Keokuk & Des Moines...
45 Jan 2 84 Apr 22
Do pref
Lake Erie<fc Western... "ibo 6o l4 Oct 1£ 71% Jan 3
120 Oct 8 138 Feb
Do pref
325 Apr
340 Apr 25
L. Shore & Mich. South'n
000 77 Oct 29 91% May S
Long Island
Louisville & Nashville... 37,100 102% Jan 2 159%Aug20
\TanUattan Elevated... 95,950 128 Marl'. 140% Jau 29
i'Aetrop. Secur., sub. rec.
3,200 109% May 19 134%J'ly23
Atl..
Michigan Central
109^ 109^
•120
Highest
33 Feb 20
100 63 Jan 9
Santa Fe. 119,900 74% Jan 27
87
80% 87
87
Detroit United
18
18% *17% is% Duluth So. Shore &
28
28 % '27% 29
Do pref
30% 37 a4
37% 37% J^rie
00% 00 4 00% 67% LJ Do lstpref
51
51
51
52 %
Do 2d pref
19
28%
25% 27
93% 93%
•89% 92
144% 148
HI
Lowest
105% Baltimore & Ohio
Do
19 %
30
72
88
187
1
O
42
41
42
80 %
104 4
90
85
•59
W
95
93% 93%
*90% 90Hi 90% 91%
147% 148% 140% 147%
43
43%
43
43 %
75
*76% 70% 4 74
•41
105%
138%
28% 29%
H
•85
Ann Arbor
Do pref
'134
32
72
60
*84
27%
26%
85% 86%
99% 100%
99% 100
lo:;-' 3
30%
30%
10% 10%
10%
47% 47% '46%
99% •98
99% •98
37
17
54
51
188%
27
138
87%
18%
28%
37%
00%
88
64
188
88
04
189
44
4,700
31
31% Colorado <fe So., vot. trust
700
'71% 72%
Do 1st pf. vot. tr. cfs.
49
40% 47
47
Do 2dpf.vot.tr. ctfs. 2,200
47%
2,800
160% 104 105
105% 100 Delaware i& Hudson
250 251 $245% 245%
1,040
258
elaw. Lack. <fe West'n.
1,900
43% 44% 42% 42% 44
44 D en ver <fe Rio Grande
1,875
90% 90«4 90% 90%
90% 90%
Do pref
•40
100
'46% 49
48
46
40 Des Moines <& Ft. Dodge.
20
20
19% 1934 19% 19% Detroit South. vot. tr. ctfs 1,000
40
40
38% 39% 3934 39 34
Do pref. vot. tr. ctfs. 10,210
72
47
104
'250
168
255
107
•42
•69% 71
$124% 124%
73%
47% 47%
25*5
•25-:
44
29% Chicago Great Western.. 30/JOO
Do 4 p. c. debentures
"ibo
Do 5 p. c. prei. "A"..
701/
43%
U
Do 4 p. c. pref. "B"..
185% 189% 185% ISO'. 185% 186% Chicago Milw. & St. Paul. 88,150
193 198 "2 '198 195
1,120
193% 193%
Do pref
224 225
223 220
224% 225 Chicago* Northwestern 4,100
Do pret
200% 203% J198 200 •198 201 Chic. Rock Isl'd & Pacific •X373
186% 188%
194 194%
223% 225
Range tor Previo*
Range lor Year 1902
On basis of 100-sharelots
Year (1 901
Week
Shares
t
*89
'84
90
84
44
S4
44
EXCHANGE
the
0.910 95% Jan 27
109,850 101 Jan 14
054 92% Sep 26
94
94
94
94% 94%
Do pref
63% 01% 02% 61% 62% Brooklyn Rapid Transit.. 11,745 60 Oct 13
'121 124
150 110 Apr 4
'121
124
Pittsb'g.
124
Buffalo Roch. &
'141
'141 145
139 Apr
145
147
Do pref
44)756 112% Jan 28
136% 134 134% 133% 134% /"tanadian Pacific
• 81
100 80 Oct 13
v Canada Southern
85
80
85
000 170 Oct 8
173
i"72" 172
170 170% Central of New Jersey...
31,210 45 Feb 20
49% 47% 48% £47% 48% Chesapeake <fc Ohio
3
3,100 33% Jan 22
30
35% 35 4 35% 36 Chicago & Alton
700 71% Oct 13
72
74
72
72
72%
Do pref
'212 215
200 1343.J Jan 21
215
206 200 Chicago <fc East'n Illinois
28% 29%
90%
85%
43% 4334
29% 29%
'89
85
*194
225
•72
•212
'134
*78% 73^
30%
»84
47%
35%
49
73%
8
85
177
•178 177
50 U 51
*69% 71
rS5 % 80
72
87% 89
99% 100%
104% 100%
95
*94
95
62% 03%
•41
'70
100%
106%
100
100% 107% 105
Sales of
STOCK
Railroads.
•42% 44
45
71
87% 88%
88%
BS
Wednesday
Nov. 4
•43
71
45
I
Tuesday
Nov. 3
Saturday
NEW YORK
Jan 14 24%Aug29
Feb
81% Sep 19
Jan 7 42 Sep 2
MaylO 141%Febl7
Jan
14% Jan
50
94
86
81
Jan 113
33 34 Jan
72 Jan
57 Jan
88
Sep
Nov
J'ne
Dec
Dec
24% Jan 58 Deo
65 May 82% Dec
38 Jau 64 % Dec
97 Nov 11 2 34 Nov
7% Jan 15% J'ne
55 Oct 78% J'ne
Dec 30
Jan 134
17
57
J'ne
Dec
BANKS AND TRU&T COMPANIES— BROKERS' QUOTATIONS
Bui Ask
Bid Ask
Bid Ask
Banks
Bid Ask
Banks
Banks
600
Leather Mfr. 260 280
PlazaH
235 245
Nassaul]
205 215
America \ ... 545 555
Liberty
Gallatin
425 435
650
New Amster 650 700 Prod Exchi; 105
Amer Exch.. 2 75 280 Columbia .. 350
Lincoln
RiversideH .. 300
1000
New York Co 1500
Cansevoortli 140
750
Astor
1000 Commerce... 330 340
000
Manhattanll. t331
Seaboard
Garfield
500
Nat Ex. 275 300
Bowery",
125
....
050
Consolidated
Market <feFul 205 275
H-nnan Ami: 155 165
New York... 345 355 Second
Broadway
Ex newl
135
Seventh, new 135 145
125 t435% German Exfi 350
Mechanics'
285 295
19 th Wardll. 150
Butch 'sai Lr L50 170
Easi River.. 155
Mech & Tra| 100 168 North Amer. 240 255 Shoe<fc Leth. 180
Germanial) .. 000
(Central
700
85 v
Equitable ... 115
Mercantile .. 350 375
Stated
Northern
185
Greenwich 1| 350
Cent 111 j
Fidelity^
75
12th Ward!!. 110
210
Merch Exch. 105 175
205
HamUtonli .. 170
Oriental^
'Chase
Fifth Avui .. 35(10
TOO
04o 050
23d Ward!!.. 125
Merchants'.. 185
PaciticH
240
Hanover
Chatham
300
130 140
Fifth
United
140
375 425
MetropnewJ 500
025 650
Park
I mo & Trad. 650
[Chemical
1400 First (uew).. 775 800
UnitedStates 350
Mt MorrisV. 200 225 People's!)
275
Irving
240
'Citizens'
200
14th Street']. 200 300
Vanck 1i
200 215
135 145
Jeffersonli... 165
MutualU
300 320
Phenix
* Bid ana askwi prices; uo sales were made on this day.
1 Ex rigucs.
State iiiks. a Ex dividend and rights, b New stock.
i Less than 100 saares.
1 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.
Banks
NEW YORK
Bid
Ask
Banks
Bid
City (new)... 297
Colonial I, ... 385
Banks
Ask
305
Fourth
'
Cm
. .
NY
(
i
.
l
'
1
I
. .
11
4
4
'
.
.
STOCKS—HIGHEST AND LOWEST SALE PRICES
Saturday
Monday
1'uesday
Nov. 1
Nov. 3
Nov. 4
82
83 \
754
314 314
67
67 4
7434
704 71
36^ 364
•93 4 934
*90
46
*126
794
'82
74
31
Wednesday Thursday
Nov. 5
Nov. 6
90
78
83 4 834
734 73 34
30
31
66
674
694 70 3
354 36 3
81
S4
744
664
t>934
31
673s
704
,
364 3634
*93
,
*934 944
94
90
*90
454 46
46
128
"125
-34
304 304
474 48
444 464
U25
128
2634 2634
*5&
594
374 374
*27
28
52 34
524
33
47
14
54
35
3534
9338
8
934
124
1234
39
114 ll
38
18
*40
30
1
*
38
4
92
51
124
19
20
50
294 80V
94
94
*40
944 944
6
*534
*22
6
•22
23
45 4 45 34
454 454
95 4
130
*127 130
*96
994 -954100
12241234 121 1224
954 954
*119
*90
«U4
144
120
94
119 4123
119 120
*90
94
77
96
14
14
79
100
230
230
1034
1034
884
884 894 87
130 •125 130
•214 2334 214 214
•218 2194 21742174
82
186
54
38
186
194 194
•72 4
77
•49
•87
•10
454 454
1034
284 29
•171
123
42
93
178
73
76
•64
66
•38
•91
64
7
65
66
42
38
134 134
•77
79
164 1534
•664 57
M34 143
134 144
•90
31=8
93
314
744
184
74'8
•1734
•56
58
40
38
404
884
67
67
•225
91
•209
•209
14
14
79
954
77
232
10 34 11
864 864
130
118 a4 119
314 314
•82
*135
84
138
*54
54
37
American Linseed
20
Do
45
73
66
94 34
38
185
19
73
73
52
93
10
28
64
634
6 34
Do
654
135 American Snuff
100
Do pref
11534 118' 8 American Sugar Refining
Do pref
119 1194
90 94 American Tel'gh & Cable
Amer. Teleph. & Teleg.
14 American Woolen
14
*77
Do pref
79
94 34 d Anaconda Copper
93
•224 230 Brooklyn Union Gas.
104 114 runsw. Dockcfe C.Imp't
864 Colorado Fuelife Iron...
86
125 130 C; Do pref
214 214 Col. & Hock. Coal & Iron
216 216 34 Consolidated Gas (N. Y.).
120 120 Continental Tobacco, pref
314 31 34 Corn Products.
Do pref
S3 34
83
*136 140 Diamond Match
5 Distill. Co. of Am.,tr rects.
5
*37
Do pref., tr rects
38
18441844 General Electric
19' International Paper
19
• 72
73
Do pref
72
International Power
70
•50
51
lnternat'l Steam Pump..
86 93
Do pref
-9
.Manhattan Beach
12
'45 4 46
National Biscuit
Do pref
102 4104
27 4 27 34 National Lead
65 38
56
137
1334 14
40
40
.
78
78
15 J4
14 3
13
77
15
65
13
14
65
137
137
904 904
314
744 744
174 174
90 3
4
304 314
31
73
74 4
174
17 4
564
56
39
57
57
39 34 40
874 88
004 674
40
864 884
664
66
128
*225
245
914
128
245
214
220
212
*213
140
134 1334
904 90 4
30
304
734 73 34
174 17 4
54
212
225
56
384 394
864 874
65 34 66
125 128
225
904 914
Ml
63 4
4 154
544 55
133
134 144
904
64
240
90 4 91
3 2093
}209 4
4
210 225
15
90
pref
&
Kepublic Iron
Do
Steel
...
pre!
Rubber Goods Ml' g
Do pref
S loss-Sheffield St. & Iron
Do pref
S.
Cast
1.
&
Pipe
Foun.
pret
United States Express...
United States Leather
Do
S.
174 174
54
56
39 4
39
87
874
654 66
129
245
904
210
210
VDo
pref
S Realty <fc Construction
73
225
Pullman Company
A>ailway Steel Spring...
304 U
Do
734
29 34
58
75
J'ly
804J'iy30
39 AuglS
534 Jan
16 May
414Jan
29 May
5
80
Jan 27
83
!
i
Sep 9
Sep 10
, Aug21
Jan 14 98 4 Apr 15
314 Jan
92
4 Jan
27
May22 924 J'ly
374 Jan
15
18
11
764 J'ne
39 4 Apr
71 J'n«
634J'n«
Jan
35 34
.T'n«
944 Nov
674 Jan
19
54 34 Sep
Jan 8 134
564 Deo
88 Mar
234 Jan 524 Ma*
May 1294 Jan
3
Feb
7 117
.
254May
394 May
1094 Dec
160 Nov
133 May
994 May
pref
United States Rubber
Do pref
United States Steel
Do pref
Virginia-Carolina Chem..
Do pref
Wells, Fargo & Co...
91
est'n
Union Tele'gph
West'gh'seEliteMfgassen
220
230
Do
26
J'ne
464J ne
22 J'ne
60 34 Mar
Mar
38
26
J'ne
49 34 Apr
3198 J'lyll 3240 Oct 2 3145 Jan 3202 Deo
61 Mar25 79 Feb 1 60 4 Dec 130
ne
4 Nov 5 8 4 Apr 14 14 Sep 84 Apr
Sep 24 264 Apr 14 10 Sep 35 Apr
5
4,405 284 Apr 11 374 Oct 3 19 Jan 35 J'ne
500 854 Jan 14 934 Oct 31 67 Jan 89 4 J'ly
12,000 304 Jan 10 574 Apr28 24 Mar 354J'ne
227 86 Feb 3 994Apr23 85 Apr 91 4 Jan
324 Jan 14 424 May 2 32 Oct 40 May
500 210 Jan 13 265 Aug28 3169 Jan 210 Nov
1,650 39 4 Jan 9 624 Aug21 394 Dec 45 Nov
2,550
94 Sep 11 1334 Oct 21
600 37 Nov 6 43 4 Sep 2 6
4,634
94J'lyll 31 4 Jan 2 2.i 34 Oct 414 Mar
3,254 32 J'ly 10 67 Jan 3 62 Oct 77 34 .Mar
700 15 Jan 14 28 Apr 30
54 Jan 30 4 J 'iy
43 Jan 13 58 Marl 7 31 Jan 66 J'ly
3,600 264 Oct 13 364Apr29 224 Aug 334 Nov
412 89 Jan 3 100 4 Apr 29 834 Oct 91 4 Nov
300
5 Jan 20
7 4 May26
44 Feb 8 J'ne
200 21 Jan 20 29 Sep 5 224 Dec 30 J ne
8,850 434 Oct 13 494May26 38 4 Oct 69 Apr
2,320 94 Oct 14 1004J'ne23 88 Feb 1044.) '••'
404 Jan 22 135 Oct 2 26 Mar 494J'ne
85 Jan 13 101 Oct 2 73 Apr 90 J'ne
130,250 115 34 Nov 7 1354 Mai 31 103 4 Dec 153 J'ne
400 115 Jan 2 1__ Aug26 111 Dec 130 J'ly
22
20 84 MarlO 396 Jan
94 Jan 100 Apr
100 34 Jan 13 186 Apr 4 1 57 4 Nov 167 34 Sep
86
350 1234 J'ne
17 4 Jan 7 134 Mar 214J.1U
73 Apr 23 k 804Sep22 70 Mar 82 34 J iy
^
34,685
700
1st pref
.1
Nov 6146 Feb " 284 Dec 544 Apr
Jan 4 253 Aag28 175 Jan 228 Apr
310 10 Jan 13 144 Apr 23
3 34 Jan 14 34 >lar
18,700 734Aug22 1104Apr24 414 Jan 1364J'ue
§130 Jan 29 3140 Mar26 16 Mar 1424Apr
1,000 144 Jan 16 244 Oct 17 124 Oct 254J'ue
2,000_.
2114 Oct 7 230 34 Apr25 187 Jan 238 Apr
700 115 Jan 2 126 4 J'ne 3 934 Jan 124 J'ne
2,600 d92
100 5210
.
27 J'ly 15 383g Mar24
814 J'ly 31 90 Mar25
1304 Jan 13 139 4 J an
1274 Oct 1524 Aug.
100
Augl8
54 Aug22
3134 Augl9 39 Oct 20
2,787 ol704 Oct 13 334 Apr
is:; 4 Jan 2894 IXC
900 18 Oct 13 _ - ,.Har2U 184 Maj 28 -Mar
9111)
77 4 Jan
704 Oct
69 Jan 814 ^ep
1,600 55 J'ne 4 199 Apr 29 544 Jan 1004. May
3,928
394
-1
-
Jan
2
874 Jan
13
1,125
100
47
600
9
1,100
Oct 13
434 Jan
200 103
14
Oct 13
574Marl9
95
19
154 Jan 18 32
700 784 J anl6 96
100 lis
88
2,400
2,900
S.050
6,300
1,300
Oct
2
Apr24
534 Mar20
109 4 Apr 4
2,500
Sew York Air Brake
Do
134 13 34
904
554 Mar
122
35
pref
Xortli American Co., new
1)acific Mail
eop. Gas-L.cfc C. (Chic.)
Pressed Steel Car
Do pref
U.
65
140
1.;.;
•125
Do
64 Standard Rope & Twine..
634 Tenn. Coal, Iron <fe RR...
40 Texas Pacific Land Trust
13
Union Bag it Paper
Do pref
78
40
14
794
644
56
64
40
*38
•13
•78
15
42
pref
American Malting
97
64
634
64
pref
American Locomotive.
30
94
6
103 105
27
274
91 93
91 34 9134
914 914
•177 185 4 *170 175 *17u 175
121 1234 lis 120
118 118
404 414 3934 414 414 42
10141034 1014 102 4 102 4102 4
Z614 62 4 60 4 61
604
60
93
93
92 4 93
914 92
228 228 *225 230
230
225
354 3534 35
354
354 35 4
89
89
884 884 88
89
2034 22
204 20 34 204 21
764 78
77
77
764 77
23
24
22 4 22 4
23
23
72
72 4
714 714 69 34 724
6"
654 65 4 64
67
604
*91
94 34
924 924 91
944
231
36
90
Oil
'127
104
137
91
*211
*205
6
120
93
90
13
13
134
784 784
15
154
225
245
91
214
220
97
19
27
214 214
784 784
23 4 234
66
444
944
127
*72
73
*50
102
354 American Car & Foundry
92 4
•214 224
Do pref
444 45 Amer. Smelt'g & Renn'g.
95
Do pref
95
87
94
454 454 45 4 464
924 924
17741774
72
6
22
45
95
135
100
4
5
24 34 .Mar 6
Highest
21
UiscelI
37 34
De pref
104 114 American Ice
3S4
Do pref
38
<
182
754
;
39
250
19
19
18
40 50 40
3
294 29
934 944 294
94
53
72 4
50V,
&
Express
37»4
11
194
90
•10
93
13
45 4
103
1244 •122 124
424 424 424
1034103 34 1014103
63
624 634
63
•94
944 93=8 94
214 22
783s 79
234 24
•72
73
67
67
•92
94
54
38
187
504
51
*10
45
103 4
28
284
•231 235
230
36
36 38 304
894 894 90
138
*5
•37
184
*19
72
74
54
1854187
194 194
49
87
374
38
*125
21
304
824 824
T35
38
5
374
214 214
214
2184 2164217
84
37
37
224
121
32
Adams
American Dis^Telegraph
240 240
American Express
230
554 554 55
554 American Grass Twine ..
114 1134 114 12 Amer Hide & Leather
92
88
130
217
•119
*!
138
7234
75 4
73
77
51
93
13
•103
92
>
38
39
10
00
9
Lowest
85 4 J'ly 31
9i)
J'ly 30
"
Do pref
524 534 American Cotton
99
Do pref
98
96
U84120 4
U0=a 104
86
•125
914
54 \
824 Jay
704 May
90
li'. 5
Highest
2
Oct 17 38 Sep 11
8,300 184 Jan 21 334 Oct 24 "l6 34 Feb
14,595 35 Jan 15 4934 Sep 2 28 May
600 107 Jan 20 129 Aug25 65 34 Jan
60 1564 Aug
1594Febl8 147 Apr
133,0 70 984 Feb 28 1134 Aug26 76 May
3,450 864 Mar 6 95, Aug29 81 4 Jan
U nitRys inv't of San Fran
800 224 Oct 13 244 Oct 27
Do pref..
3,935 61 Oct
66 Nov 1
3,550 214 Jan 14 384 Sep 10 11 4 Jan
Wabash
Do pref.
9,720 41 4 Jan 13 544 Sep 10 2334 Jan
Wheeling & Lake Erie...
2,735 17 Jan 27 304 Sep 9 HSg Jan
Do 1st pref
225 49 4 Jan 27 66 Apr 29 45 May
Do 2d pref
1,700 28 Jan 14 42 4 Sep 10 24 May
Wisconsin Cent. v. tr. cfs
4,085 19 4 Jan 30 31 Aug20 14 4 Jan
Do pref. vot. tr. ctfs. 2,500 39 4 Jan 24 574Aug29 384 Jan
240
35
924
514
600
) . .
malganiated Copper..
624 63 4
*4 14 American Bicycle
34 5
Do pref
35 4
*119
293
79
954 96
•225 232
!zj
(
*200
3
144
77
314 314
824
*135
138
*6
•37
134
1-3
119 120
120
314 3i4
582
•135
954100
B
Q
M
35
914
22
95 4
129
*127
•125
•119
44 34
*95
•119
*90
120
94
*77
79
97
97
•227 231
*1034 114
!
64
23
46
95
•127
M. <fc O. stock tr. ctfs..
r
Pexas & Pacific
A hird A venue N. Y.
,
l
554
124
394
,
19
240
624 634
"4 14
*34 5
38
104 10 3
364 37
45
294 2934
64
240
1134
*38 34
Do
93
24
64 4 65
33
33
474 48
264 27
*57
59
364 37
264 27
52
52
274
624
$96
39
55
*40
6I4
534
240
39
224 224
92
*974 99
104 114
364 37
19
1
38
otfs.
pref. vot. tr. ctfs.
Industrial
5
3534
354
Southern voting tr.
.
58
37
'200
654
*3 34
354
924 924
18
240
63
36
344 Toledo Railways & Light
31
31 Tol. St. L. & W. v. tr. ctfs
48
48 3
Do pref. vot. tr. ctfs
1174119 Twin City Rapid Transit
Do pref
156 1584
10334 1044 Union Pacific
Do pref
914 9l T
324
464 474
26
264
53
55 34 Jan
210
.
65
33 4
57
Lowest
8,100
2,800
1,126
4,500
144,450
3,739
454 45 3
1044
36
27
52
28
'200
1
12
•38
58
Do 1st pref
734
Bo 2d pref
304 St. Louis Southwestern.
664
Do pref
704 Southern Paciiic Co
LXXV.
Range ror Year 1903 Range ror L*rectoui
On basis o/100-share lots
Year (1 9U1 j
Week,
Shares
Louis & San Fran
I .
01
the
85
120
91
914
*22 34 24
65
374
614
5
60
304
944 944
66
58
37
26 34
53 34 644
524 5334
*97
99
99
399
•38
*38
40
40
•240 250 *240 255
55
55
*644 65
39
?13g
2438
324 334
464 484
264 27
654
1
;
64 34
264 27
574 574
374 374
27
274
*3 34
353b
30
1
24
240
*4
91
S
[Vol.
Sales
STOCK
EXCHANGE
784
36
*9234
451
128
35
31
4434
1044 103
914
52
-1
93
91
35 4
93 4
4
493,.
103
474
•200 240 *200
64 34 644
64
4 78-4 7.8 4
»82
83
83
724 73
734
30
304
304
66
664 664
694 70
694
3
3
35
NEW YORK
Friday
Nov. 7
474 484
11941194 11841184
333g
52
31
.STOCKS
77
125
304
10441044 10341044
91 Jo 91V,
913g 914
24 244 244 244
60 s8 66
654 66
•33
34
48 4 48 34
130
47 34
294 304
47
484
1204 *118 34 1204
158 15441554
120
{158
.
Stock Record— Concluded— Page 2
1016
81
*82
.
.
.
Marl 7 196
Jan 28 134
Sep 20
Oct 2
Apr21
Sep
3
374Mayl7 493s MarlO
984 Jan 15 1094 Sep 6
39 J.in
63 4 Oct 3
8234 Feb 4 9640ct 25
Jan 13 250 Apr 29
24 Aprl6 38480 Apr 1 904 Oct 31
154 Jan 2 2434 Sep 8
68 Jan 16
ep lo
1
1
300 215
2,000
510
8,260
3,400
3,100
1,450
174Feb2s 254 Apr 21
63 J'ly 25 744 Mar 22
450 29 4 Jan 3
100 M)4Mayl9
300
4 Jan 10
4,700 60 4 Oct 13
200 35 Jan 16
600 13 Feb 1
610 72 Jan Hi
3,800 10 4 M »yi2
530 42 May] 9
200 97 Jan 2
10,410
1,105
14,370
2,520
83 Sep 4
95 4 Sep 9
84 Apr 29
74 4Apr24
444 Feb 18
184 Apr 3
85 Apr 6
17
59
160
73
N.IV
7
Nov
5
24
82
ll-'iSep
J
ue
Apr
s
Dec 384 May
65 Dec 90 -May
194 Feb 414 Api65 4 J an 864 Apr
3 4 Mar
84.) ne
49 38 Mar 764 J "e
Jan 42 Apr
19
12 Apr 194 ne
65 Apr 75 34 UtO
554 Jan
1
.1
Oct 20
Sep 6
Aug28 353
114 Feb 20 154 Sep 22
794 Jan 21 914 Sep 22
_".!'!
24 4 Jan 49 A'ov
74 Jan 89 tut
8 Oct 22 Apr
37 Jan 46 -May
92 Jan 1034 Nov
15 Mar 254 J 'ne
744 Dec 934 ' ne
133 J'ly 175 Apr
734 Feb 109 J'ne
30 4 May 49 4 Nov
954 Jan 1204.1 no
30 Mar 52 Jan
72 4 Mar 89 Apr
1954 Jan 225 Oct
7 34
69 4
A Vr
Jan 100
Ma) li.
vi.,y
.
May
w.g
32 Oct 30
75 4 Oct 30
124 Oct
600 14 Jan 2 194 Oct 1
400 504Jan 11 64 Mar24
304J'nel9 46 34 Jan 7
47
24
N'ov 5 97 34 Jan 7
69
60 Jan 18 764 Apr 28 51
Sep 9 116
100 1204 Jan 17 1344
3130
i 185 Jan 24 8255
81
100
3,100 84 34 J'lylO 97 4
145
225 169 4 Jan 15 233 S
180 Jan 8 234 Aur 9 157
89,540
36,228
2,200
.
34
85
Oct
a
Jan
Apr
May
May
LO]
J'ly
72
Mar
Apr 125
Aug
55
Jan L99
Jan LOO
V
vpr
-
Dec
1
May
1
l>ec
'.
Dee
Not 187
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Ask
600
375
.
225
North
People'sll
BROOKLYN
....
Boroughll
Ask
...
Bid
CITY
Atlantic Tr.. 285
Ask
N. Y.
100
Western
Bedfordl,
Bid
Manufactrs'. 340
Mechanicsll 2204
Merchants' .. 110
Nassau
350
Nat City
290
WestSidelJ.. 590
YorkvUlell
Banks
BROOKLYN
Wasliingt'nTl 200
"Wash.H'htsii 200
Side1|.
Broad way1|.. 250
190
206
...
Bowl'gGreen 230
BroadwayTr. 105
C'IB'tyB&Ti 750
Central Tr'st
City Trust...
Colonial
Continental
Eastern Tr..
385
380
860
Ask
Trust Co's Bid Ask Trust Co's Bid Ask Trust lii's Bid
N Y Life<&Tr 1175 1200 BROOKLYN
Farm Lo&Tr U490
Brooklyn Tr
N \ Sec&Tr L375
Fifth Ave Tr 625
675
I
295
240
175
800
1950
410
390
Guaranty Tr 725
Guardian Tr 200
750
North Amer. 290
205
825
Real Est Tr'l 425
StandardTr't 400
Tr Cool Am. 300
Knick'i-u'k'r 775
Lincoln Tr... 400
McV'ck'rKty 275 280
Manhattan .. 500
LOO
Mercantile
Merchants'.. 380 390
Metropolitan 600
MortouTrust 1100
M ut. Alliance 270 300
300
Blatlrasli ....
(M>
175
•
in
ton
.
30*5
Kings Co
1. Is!
TrCool RpbC
180
Union Trust 1390 1410 Mannfa
Nassau
USMtgi&Tr 190
Unit s
725 1775 People'
..
....
.
1
1,1
I
22<i
17th Wardll. 130
....
685
317
130
200
tliX)4 200
236 .,0
Williai
Van N 'den Ti L5 255
Empire Stall 195 200
75
26th Wardll. 135
5th Avenue^ 105
Washington. 420
140 160
Equitable Xi 475
First
Windsor
360
260
Wallaboutll
105
Exchange Ti
* Bid and asked prices; no sales on this day.
t Ex rights,
3 Less than loo .shares,
d Beginning March 31 quoted per cent instead ol dollars per shai
1 Sale at Stock Exchange or at auction this week.
Ex stock dividend. Trust Co. certiiiivMres. II Banks marked \vi th .1 paragraph (II) are State banks.
Brooklynll
8th Wardll
..
.
..
.
1
1
1
-
*•
.
7
1
New York
.
Exchange— Bond
Stock
Record, Friday,
Weekly and Yearly
OCCUPYING FOUR. PAGES
BONDS
STOCK EXCHANGE
Week exdes-o Nov 7
N. Y.
^
2>Tov
TJ
S
V£
V. S. Government
2s consol registered.<il930
(11930
2s oonsol coupon
23 oonsol rear small. .<il930
consol coup small. d 1930
2s
&1918
3s registered
fcl918
3s coupon
3s reg small bonds. .fcl918
3s coil small bonds. .fcl918
7il907
4s registered
7il907
4s coupon
1925
4s registered
1925
4s coupon
1904
5s registered
1904
5s ooupon
Range
Friday
or
Last Sale
7
Ask Low
Bid
US
US
US
VS
US
VS
VS
US
TJ S
VS
VS
US
Week's
Price
-
1093t
109=4
1104 108 4 Aug'02
1104 107 34 J'ly'02
1084 109
1084 109
11138
U0 4 111%
1.. M-S
93k....
These are price s on the ba sis ol
95 ....
S of Mexico s £ g 5s of 1899 Q-J
V
1 hese are pr
Securities
State
Alabama class A 4 to 5
1906 J-J 10634 ....
1900 J-J
Class Bos
Class C 4s
1900 J-J
Currency funding -is
1920 J-J
124
Dist of Columbia 3'05s
1024
Louisiana new consol 4s. .1914 J-J
Small
Missouri tunding
1S94-1995 J-J
North Carolina consol 4s. 1910 J-J *1044.
1919
6s
1933
So Carolina 44s 20-40
Tenn new settlement 3s. .1913
964.
90
Small
Virginia lund debt 2-3s... 1991
99
Eegistered
6s deferred Brown Bros ctfs.
13 4
FA
.
.
Itailroad
Alabama Cent see So Ky
laba Midi See bav Fla cfc
Albany cfc Suso, Se-e Del cfc Hud
Allegheny Valley MePeuiiKK
Alleg & West See Bun li cfc P
Dock cfc im See Cen t of N J
Ann Arbor 1st g 4s
/il995 Q-J
Atch T cfc » Fe gen g 4s.. .1995 A-O
Eegistered
1995 A-O
Adjustment g 4a
/1.1995 Nov
Eegistered
/il995 Nov
the
s
1094
10734 112 4
10834 ll:i
132 1394
137 34 139 34
105k 1064
104 1064
94 34 954
ne do liar.
96 100
to
98 34 Aug'02
n
4
109 s
10638
95 4 Feb '02
ices o
3
105% 1 09 4
10534 110
107 107
108
1084
1 07
J'ne'02
108 14 Oct, '02
111 Oct '02
111 Oct '02
137 Sep '02
137 34 Oct '02
105 l4 Sep'02
four marks
asis
104*8 Sep '02
of $5
to
&.
1043gi07
109 k Oct '00
1024 Mar'02
10241024
Mar'02
Oct '01
1064 Oct '02
111
111
106
107
104
104 4
111
126
109 4 Feb '99
104 4 Jan '02
1304J*ly'Ol
120 Mar'00
95 34 Oct '02
94 4 Oct '02
08 4 Oct '02
12
12k
95 4 90=9
95
94
95k 99 3j
1538
01
W
Am
Stamped
/c.1995
M-N
MS
Chic cfc St Louis 1st Os.. 1915
Atl Knox cfc Nor 1st g5s..l'J4G J-D
Atlanta cfc Danv Hee South By
Atlanta & Yadk Hee Suutli By
Austin & N
See Sou Pacific
S Hee Mich
Bat Creek &pnorlg34s. Cent J-J
altcfc Ohio
1925
Eegistered
A1925 Q-J
9 95»8 100
96
101% Sale 1014 102 204 100 105 34
100 Oct '02
100 105 14
92
02 Sale
92 "a 92
97
94 4 Apr '02
93 4 94 34
'24
"91% Sale 01 %
92
91k 95 34
'"".
iii"
1144 Oct '02
11441144
96
97
M948 A-O
944 Sale
Conv deb 4s
1911 M-S
P Jun cfc M Div 1st g 3 4sl925 M-N
South w Div 1st g 3 4s.
. .
7tl925
1st gu g 5s.. 1919
Cen Ohio E 1st cg44s.. 1930
Beech Creek Hee
V C
Bellev cfc Car Hee Illinois Cent
Bklyn cfc Moutuuk Hee Long 1
Brims cfc West Hee Sav Fl <Sb
&H
N
N
M-N
1925 J-J
Eegistered
Monon Eiv
n
M-S
cfc
M-S *116 34.
A-O "107
.
J-J
FA
J-D
.129
1254.
A-O
A-O
J-J
Bur Ceilar E & No 1st 5s. 1906 J-D 104 34
Con lst<fecoltrustg5s..l934 A-O 122
1913 M-S
1913 M-S
2d 5a
Eegistered
Carb
& Shawn
,
Sale
107% 108
See 111 Cent
Carolina Cent See Sea b cfc Eoau
Carthage cfc Ad See
Y C cfc
N
H
CedRIaF&N SeeBCR&N
Cen Branch UP lstg 4s... 1948 J-D
Cen Branch By See Mo Pac
Central Ohio
See Balti
cfc
93
Ohio
Cen EE cfc B of Ga col g 5s 1937 M-N 1064
Cent of Ga BR 1st g 5s..i>1945 F-A 122
Registered
#1945 F-A
Consol gold 5s
1945 M-N 106%1074
Registered
1945 M-N
1st pref income g 5s
jH945 Oct
78 Sale
2dpret income g 5s
pl945 Oct
384 Sale
3d pref income g 5s
Oct
pl945
204 28
Chatt Div purmon g 4s. 1951 J-D
904
Mac & Nor Div 1st g 5s. 1940 J-J
Mid Ga & Atl Div 6s
1917 J-J
,
Mobile Div 1st g 5s
Cent of N J 1st consol
General gold 5s
Registered
1940 J-J
1902 M-N
1987 J-J
7tl987 Q-J
Leh & Wilks B Coal 5s. .1912 M-N
#1910 Q-M
Con ext guar 44s
<fc Long Br gen g 4s 1941 M-S
7s..
*No price
F-A
109
100
10138 Sale
86
87
07
1074
105' Sep '01
4
1014 102
J-J
J-J
J-J
112 114 112
102 34l03 4 103
99
1044110k
1084116
M-S
M-N
108
M-N
A-O
J-J
J-J
J-J
F-A
F-A
J-J
J-J
A-O
AO
M-N
M-N
M-S
....
98 4
82 «b
81 Sale
1037,e
'0
103
98
'Oi
10641064
()2
102=8 J'ly'02
82 4 Oct '02
8034
81
83 34 Apr'02
103 s8 Oct '02
104 34 Apr'00
32
1144116k
103 Oct '02
109 4 Oct '02
.
.
1094Aug'01
08-
100
1064
1184 118
Sale
984103 4
103 106
10734 1114
Mar'02
99 34l00
1064
1064110
118
116
111
lll 34 0ct '02
139 78 J'ly'0:
120
1204
12434 Mar'02
123
J-J
132
117
79
86
83% 83 34
102 34 1064
1143s Aug'02
1114.
M-N
M-S *118
J-D 112
A-O 137
M-N 120
M-N
10241044
82 4 88
100 41034
994 994
98
1064
105»a
100
1004Aug'O2
904
101
103
100 s8
il2
Oct
Oct
1064 Oct
U7
11841234
1-;
123
122
114
1384139 7a
120 1264
124 34 124 34
123 125
Sale
1324
1124
1134
1134115
.
.
132
Sep '02
May'02
1944 Oct '02
1134 Oct '02
126
113
1134 1134
1054Feb'98
1104117
10434 Jan '02
J-J
J-J
J-J
J-J
J-J
J-J
136%
H4s
M4s
N4s
M
102
110
114
103
101
87
37
Des
<fc
Ft
cfc
131
1394 Chicago Ter Trans g 4s... 1947 J-J
102
104 34 104 78
1204 Mar'02
12140ct '02
12041204
118% 1244
1144 118
132
117
115
116
Oct
'02
1194 1194
11240ct '02
137 4 J 'ly '99
122 Oct '02
107% Aug'02
117
113%115
1824196
112
115
116 78 121 34
1124115%
120% 124
107%1104
191 4
116
109
115
115
Oct '02
Sep '02
Oct '02
Sep '02
Mar'02
182 41914
116 119
1194
1194
11641214
117 Mar'02
120 4 Aug'02
135
134
103
103
Oct '02
102
107% Oct '02
106% Oct '02
106% Oct '02
103 Nov'98
115 4J'ly'02
111 Oct '00
106 4 Oct '02
107 3 8 May'01
1054 106 34
108 Oct '01
1184
114
1184
123
1184
Oct
10841-^4
114 U.74
113 34 Ht>
115
117
1204123k
134
141
10lkl04 34
101k 104
107 1074
106% 106%
106 106%
116*"
iiS"
1064110
10541094
il4*"
il84
'01
118%
i*184 i.24"*
May'01
Jan
May'02
Sep '02
100
19
5
106 4
1004105
864 93
98
994
J'ne'00
103
119
a
Nov'01
109
J-D
Mat^OS
118
119
118
119
Due Jan
1144 Sep
'02
128=8 Oct '02
129
1084
Oct 1)2
1084 39
14 Apr'02
100%J'ly'02
997g j'ne'02
994J'ly'02
11
99% J'ne'02
994 May'02
11
1384
1354
138k Oct
1384 Oct
92
97
137
125 34 130
87
89
Oct
'02
Dec '00
04 Apr'02
'02
'02
137 4 Sep '02
126
126
874
964 964
1204
LexAVcfcPFlstgug5sl993 M-S 1204
874
120
964
Oct '02
123kJTr'02
ThirdAveRRcongu4s2000 J-J
99
994
99 Sale
Third Ave Ry 1st g 5s.. 1937 J-J 1204
120k Oct '02
MetWSEl(Chic)lstg4s.l93S F-A
101 Ang 02
Mil El Ry & L 30-yr g os.1926 F-A
106 Oct '99
Minn St Ry 1st con g 5s. .1919 J-J 109
110 J'ne'02
-
St Paul City Cab con g 5s. 1937
Guaranteed gold 58
1937
Union El (Chic) 1st g 5s. .1945
Chic St40-yr 1st cur 5s. 1928
40-year consol gold 5s. ..1936
Gas and
106
107
1094
1164 1194
133
137 34
1234 1284
1424 1424
1394 139%
11041104
128
132
127% 131
1054H34
109
112
1004100%
99% 99%
99% 994
994 99%
98
994
91k 91k
109k 1104
1374142
138k 141%
1374140
1254130%
86
9034
J
-J
J-J
A-O
M-N
M-N
113 4115
964 99
120 1244
12034 1J1
97 101%
12041'-'"
101 103
110
110
1144 Nov'01
109 4 Dec '99
99
Dec '97
Electric Light
Atlanta
Co lstg os.. .1947 J-D
Bos U Gas tr ctfs s f g 5s. 1939 J-J
Bklyn V Gas 1st con g 5s. 1945 M-N
,
GL
1163*122
1424 Feb '02
13934 Jan '02
107 4 Feb '01
106
108
107
on Next Page.
Street Hallway
Ry— fCbnjRef g 4s2002 A-O
Colcfc9thAvlstgug 58.1993 M-S
1124114
106
Oct '02
107 Oct '02
1104J'ne'02
133 Oct '02
1234 Oct '02
106
108
97
93
96
108
1104 Met St
'99
'02
1905 J-J
cfc
102
87
1st 4s. ...1905 J-J
cfc
'02
1014
D
C 4s ...1905 M-N
1910 M-N
1915 M-N
1916 M-N
W
Friday; latest price this week,
106
99 38
W
1st 2 4s
J'ne'99
11 2 4 Apr'02
101' May'02
Ik
95
117
119
115
76
102
994 99% Oct
J-J
J-D
112
114
Extension 4s
1905 J-J
894
Eeokcfc DesMlst5s
324 444
1923 A-O
Chic cfc St L See Atch T&SaFe
184 31
34 933s
Chic St L cfc N O See 111 Cent
91
108kl08 l4 Chic St L cfc Pitts See Penn Co
Chic St PM
Ocon 6s.. .1930 J-D
Ch St P Minn IstgOs 1918 M-N
106 1124
Nor Wisconsin 1st 6s. ..1930 J-J
"4 103 4
101
St P
S City 1st g 6s. ..1919 A-O
132 141
78
38"
384
40
27
28
92 Aug'02
108' Sep '02
4
J-J
J-J
J-J
J-J
F-A
106
105
10641134
J-D
J-J
105
102
21
78
J-J
A-O
112% 115
J-J
E&
1064 10934
1194123
109 Oct
121 34Oct'02
134 34 Oct
J-J
M-N
F-A
Low High
5
A-O 10941134(112 May'02
112
A-O 112 Sale 112
M-N 118 1184 1184 1184
121 J'no'01
M-N
M-S 105 4 Sale 104
105 4
103 Apr'01
M-S
Cent Pacific See So Pacific Co
1930
diaries & Sav 1st g 7s
Cues & Ohio g 6s ser A..A1908
ol911
Gold 6s
1939
1st consol g 5s
1939
Eegistered
1992
General gold 4 4s
1992
Eegistered
1940
Craig Valley 1st g 5s
A Div 1st con g 48.. 1989
1989
2d consol g 4s
Warm Spr Val 1st g 5s.. 1941
Greenbrier Ry 1st gu g 4s '40
Chic & Alt RR s fund 6s. .1903
1949
Refunding g 3s
Railway 1st lien 34s. ..1950
1950
Registered
CMC Bur & Q consol 7s... 1903
1905
CUic & Iowa Div 53
1922
Denver Div 4s.....
1949
Illinois Div 34s
1949
Registered
Iowa Div sink fund 5S..1919
1919
Sinking fund 4s
Nebraska Extension 48.1927
1927
Registered
1921
Southwestern Div 4s
Joint bonds <S'ee Great North
1913
Debenture 5s
Han & St Jos consol 6s. .1911
Chic& E 111 lsts four 6s. 1907
1934
1st consol g 6s
1937
General consol lst5s
Eegistered
1937
Clue & Ind C Ry 1st 5s. 1930
Chicago & Erie see Erie
Chic In & Louisv ref 6s. ..1947
Ref unding gold 5s
1947
Eouisv N A <fc Ch 1st 68.1910
Chic Mil <fc St Paul con 7s 1905
1914
Terminal gold 5s
General g 4s series A..el989
Registered
el989
General g 34s series B.el989
Registered
el989
Coll trust Series
'02
136% Sale 136'
-_34
A-O 103
J-J
Ac.
1134
Mar'02
Oct '02
NY
MISCELLANEOUS BONDS—Continued
Street IJailway
Brooklyn Rap Tr g 5s
1945
Atl Av Bklyn imp g 5s. .1934
BkCity 1st con 5s. 1916, 1941
Bk UCo&S con gu g f.s.1941
Bklyn Un El Istg 4-5.^.1950
Kings Co El lstg 4s
1949
Nassau Eleo gu g 4s
1951
City ct s Ry Bait 1st g 58.1922
Conn Ry cfc List cfc ref_g44s '51
Den Con Tr Co 1st g 5s... 1933
Den Tram Co con g 6s.. 1910
Met Ry Co 1st gu g 6s. .1911
Dot Cit StRylstcong5s.l905
Gr Rapids Ry 1st g5s...al916
Louis Ry Co 1st con gos..l930
Market St C Ry 1st g Os.. 191.':
Met st Ry gen col tr g 5s. 1997
Bwaycfc 7th Avlstcgos 1943
Jtiiyh
Bid
Ask Lew
1134
113k.
.
1934 A-O
Eegistered
CRIFcfcN W 1st gu 58.1921 A-O 113
M & St L 1st gu g 7s.. ..1927 J-D
190& J-J 105%
Canada South 1st 5s
J-J
J.J
Since
January X
n
110
107
Range
<£,'<
M
96»s Sale
89 4 Sale
^
lo^
,
W
Y
Erie Hee Erie
R cfc Pgen g 5s.. .1937
& West 1st g 4s gu. .1998
C1& Mah 1st gug5s
1943
Rochcfc Pitts 1st g Os... 1921
Consol 1st g Os
1922
Buffalo cfc Southwest Hee Erie
Buffalo cfc Susqu 1st g 5s. .1913
Eegistered
1913
1st refunding g 4s
cU951
Buffalo
Buffalo
All
,
pl025 Q-F
Eegistered
PLEdsWVa Sys ref 4slo 41
108
90
I'g
or
Last Sa le
&D
ib'd^ Sale
/tl948 Q-J
Eegistered
Week's
Range
A'ov 7
j-j
Cnic& LSuDivg5s....l921 j-j 118 34
Chic <fc MoRiv Div 5s. ..1926 j-j 121=8
Onic& PaoDiv6s
1910 jj 116
1921 j-j 1194120
Chicfc P
1st g 5s
1910 jj U4'8
Dak<fe GtSog5s
1924 jj 133k
Far& Souassu g 6s
1910 j-j 12241234
Hast& D Div 1st 7s
1910 j-j 1084
1st 5s
94
94^ 20 93
97 4
I & D Exten lst7s
1908 j-j
97 Apr'02
LaCrosse
1st 5s. ...1919 j-j 117
964 97
247 99 7e 105
1004 101
1910 jj 1094.
Mineral Point Div 5s
104 Sep'Oi
1910 jj 1154.
102 104
So Minn Div 1st Os
111 Oct '02
SouthwestDivlst6s....l909 j-j 115
104 118
89 Oct '02
Wis& MinnDivgSs 1921 j H8 34
89
934
Mil& No 1st L 6s. ...1910 J-D
96
1913 J-D 12041234
96%
96 101
1st consol 6s
135 Sale
89 k
89 3
1915
884 91 8 Chic & Northw cons 7s
90i4
102=8
90 '4
yokJ'iy'o
Gold 7s
1902
l4ll4 1
114kJ'ne'02
Registered
1902 J-D
U4
4
108 Sep '02
Extension 4s
1886-1926 F-A
108 108
Eegistered
1886-1926 F-A
General gold 3 4s
103
1987 M-N
Registered
pl987 Q-F
Sinking fund 6s. ..1879-1929 A-O *117
Registered
1879-1929 A-O
116 Oct '02
Sinking fund os... 1879-1929 A-O *105 108
116 1194
Registered
1879-1929 A-O
103 Apr'97
Debenture 5s
1909 M-N i05"i08"
130 May'02
Registered
1909 M-N
128 1304
34 Oct '02
125
1921 A-O
Debenture 5s
125 34l2S4
Registered
19J1 A-O
100 Nov'99
Sinking fund deb 5s
1933 M-N
Registered
1933 M-N
103 J'ne'02
Des Mo & Minn 1st 7s. 1907 F-A 114
102 103
3
1 04 4 Oct '02
MUw cfc Madison Isi0s..l905 M-S 106
1034106 14
122
10 124^ 126k
122
North Illinois 1st 5s
1910 M-S 109
124% Feb '02
Ott C F & St Paul 1st 5s 1909 M-S 1074
124 58 124 34
118 Jan '02
Winona & St Pet2d 7s.. 1907 M-N 113=8
118 118
MU L S cfc West 1st g 6s 1921 M-N 130=8
105 34
105 34
Ext & Imp s fund g 5s 1929 F-A 124 125
104 38 107 4
107 k 1074
Ashland Div 1st g Os.,1925 M-S 1364
107 111
107 Ang'01
Mich Div IstgOs
1924 J-J 136=8
Convertible deb 5s
1907 F-A 104
Incomes
1911 M-N 114411678
Chic Rock l8l & Pac 6s. ..1917 J-J 128=8 129
Registered
1917 J-J
93 J'ne'02
95
General gold 4s
93
1988 J-J 108
Registered
198S J-J
W
Gold 4s
Price
Friday
N. Y.
Since
107
1364 137 4
1364 137 4
1044 105 4
1044 1054 1054Oot'02
Foreign Government
Franklorton-Main 34s 6er
BONOS
Range
STOCK EXCHANGE
s^ce January 1
Week Ending Nov 7
No Low High Central of N J— (Continued)
Am Dock& Imp gu 5s. .1921
108 34l09 7B
Be & Hud R gen gu g 5s 1920
107=8 Oct '02
1064
110 34
3
Migli
3
te^
|§~
1174119%
d Due Apr e Due May (/DueJ'ne h Due
J'ly
91% Oct '98
11541164 118 Oct '02 ... 117 1204
k Due Ang p Due Nov qD ue Dec sOption sale
j
J
1
1
4
!
Bond Record— Continued— Page
1018
BONDS
Friday
Range
Nov 7
Last Sale
Ask Low
Bid
Chic & West Ind gen g 6s <?1 932
Chic & West Mich Ey 5s. .1921
Choc Ok <& G gen g 5s ...ol919
Cin H & D consols t 7s. ..1905
2(1 gold 44s
1937
Cin D & I 1st gu g 5s. ..1941
L
St
CCC&StL
C
Q-M
J'-D
i
<fc
High
J-
113
M-N
Oct
Istg4s...l940 J-J
W W Val Divconsol 6S..1920 M-N
CIStL&C
fcl936 Q-r
.
CCC&I
W
W
101
101
J-J
J-J
104%
1014102
04 100
1014 Oct '02
1014 1014
101 l4
102
103
100
83
10334
104 34
103
100
102
103
102
Oct '02
J'ne'01
Nov'99
100 4.
102% Oct
i'14%
115
115
134> 8 Jan '02
133 4.
102
'02
106
113% 115
13441344
May'02
138
W
Q-J
99
A-O
774 784
112%
....
122%....
994
99
78
98
72
128
82
Sale
82
82
92%
i
Salt-
92-\
934 104 91
Dak&GtSo SeeCM&St-P
1st 7s.
..1914
lstconsol guar 7s
Registered
1st ref gug 34s
NY
Lack
&
1915 J-D
1915 J-D
2000 J-D
W 1st 6s. ..1921
Construction 5s
Term & improve 4s
Bing& N Y lst7s..
1st ref
J-J
1923 FA
1923 M-N
Syr
Warren
M-S
L906
gu g3 48.2000
A-O
FA
& Hud 1st Pa Div 78.1917 M-S
Registered
1917 M-S
Alb & bus 1st con gu 7s. 1906 A-O
Del
Registered
1906
gold 6s
1906
Registered
1906
Eens & Saratoga 1st 7s. 92
Registered
192
Guar
1
Del Riv
RR Bridge
See
Pa
RR
115
Sale
M-N 132*4
A-O
A-O
A-O
M-N
137
1334136
1U3
111%
i'1'04
.
'.
107 4.
J-J
1936 J-J
Improvement gold 5s... 1928 J-D
Rio Gr So gu See Rio Gr So
Den & S West gen s f g 5s 1929 J-D
Registered
102
112
10:;
117%
4 1034
143
144
113
115 34
Oct '02
106
109
Sale
109
110
10034
101
1084 On
1104 110
Oct
7
147
4
4147 4
9941044
39
'02
'02
4
112
109
89
844
Aug'02
Des Moi & Ft D See C R & I P
Des M <fe Minn See Cli & N
111 Feb '01
Des Moi Un By 1st g 5s. .1917 M-N 105
Det M <fc Tol .See L S & M So
Det & Mack 1st lien g 4s. 1995 J-D 1014103 1024 Oct '02
93 4
Gold 4s
1995 J-D
934 Aug'02
1951 J-D
Det Sou 1st g 4s
86 Oct '02
91% 03
92
Ohio Sou Div 1st g -is. ..1941 MS
92
111
Dul & Iron Range lst5s.. 1937 A-O 114 Sale 114
Registered
1937 A-O
2d 6s
Dul So Shore
J-J
Elgin Jol<fc East 1st g5s.l94
Elm Cort <fc No See Ceo & N \
Erie 1st ext gold 4s
1947
2d ext gold 5s
1919
3d ext gold 4 4s
1923
4th ext gold 5s
1920
5th ext gold 4s
1928
lstconsol gold 7s
L920
lstconsol g fund 7s
1920
Erie 1st con g 4s prior. .1996
Registered
1996
lstconsol gen lien g 4s.. 1996
Registered
1996
Penn coll tr g 4s
1951
Butt N
Erie 1st 7s. .1916
gold 6s
Buflcft S
1908
Small
1908
Chlc& Erie 1st gold 5s.. 1082
M*N
1
Y&
W
Jeff
RR
Istgug5s....ui909
Long Dock
M-N
M-S
M-S
A-O
J-l)
M-S
M-S
J-J
J-J
J-J
J-J
FA
J-l)
1144.
114
114
118
1133b
116
117
1
16%
i06's
1-7', 139
3d gold 4s
M-N
\
consol g 6s. .1935 A-O
H
112%115
1
Apr '02
1
5
4 118
115
Ocl '02
1164
17
1213j
109'j
1
137
90
Oct
'02
42
-
90
i'i
91
RB
104% Aug'02
104% 106%
102 Oct '"I
104 4 Oct '02
104%:Maj-02
in:; 4
1".
123 -V
87 4 May'02
874 874
984 Oct
984101
'02
'99
4 Oct
NuvOO
Oct '02
iio"'ii4%
May'01
N
1274 Aug
Sep
124
1274131
02
'01
104% Apr '02
104% 104%
106 34
10634
.
i()6 34
1074
107 4
108
102
102
125
116
119%
964 964Aug'02
98
95
97
99
71
1174
95
1951
1044
105% 109
'02
Mar'02
Oct '02
99
Oct '02
Oct '02
121
5s.. 1938
Sep
106 34
101
ioi"Marv02
I,
104%
9*4101%-
124
90
103 34
106
984
100
110
122
i
:i
j
98
71
118
loo
102*4
1214127
103
80
98
71
.See Erie
.See
& Ohio
2,1
&
Eric
107
•>'•'
1
4
69 34
70
120
.
122
118
1941
114
'00
120
is
I
.
68% 74
69 34
634 Oct
See So Ry
gos 1937
W 1st
gold DS
1204123
18%
1-,
,
1
Si
112
4115%
1104 Feb '02
109
1104
109
115%
1.1
109 112
"9 4 1094
115
134
...
1204
1204
133
Aug'02
135 4
1354
Sep '02
16
1184 Apr'02
106
135
1
1
I
1
Aug'02
1
M 4 Ocl
103
io7
110
1
1
8
'02
Apr'02
:
111
102
1144
1144
112
41154
1214 J'ly'02
.
118
Aug'02
1084112
J'ne'02
112
it
Mont
115
May'02
114
116
con g5
I?
103
L01% 104%
L08 104
4
May'02
Oct '00
100%
Jau'02
L2 4 Jan '02
1
st con ggu5s
Nashv gen g 63.1930
L24 Apr'02
119% 1194
1
I
119 4
111
103
111
112
118
L5
19
101
1014 L004
101
100 Jan '02
112\ 1154 Oct '02
99 4 "ct '02
98 34 100
106
I
1
1
8% 1 22
117
L00%103»4
loo
115
98
100
116
1014
ice 'on
May'02
115
&
1
1241124
1241144
1
115
115
BONOS—Continued on Next
107 34
1094 Oot
1274
130 4
'02
1
4116
4 1094
12841304
114
109
124% Apr'02
124%
11140ct H2
1114111%
1'iure.
6»s 11111I Electric Light
Mnt Fuel Gas Co See Peop Gas
Newark Cons Gas con g 5s 1948
D
D
Y G K L II & P g 5s. ..1948
Purchase money g 4s. ..1949 F A
Ed El HI 1st con v g 5s.. 1910 M 8
924 994
.1
N
97
984 084Oct
104
'02
May'02
104
104
113
.1
1995
1st consul gold 5s
•
1
N Y'&QEl L&P st con g 5sl9S0 K
I'.ilcrson
P G & E g 5s. 19 L9 M
Peo Gas & C 1st gu g 6s.. 904 M
1
See
J
\
954
105 4106
*1214
105
107
9
1
,
105 34
106
121 Oct '02
105 Oct '02
98 4
1O54109
1-1%
120
1044108 4
<fe
117
1184 118
61
J'ne'02
4 Oct
'01
107% Dec '00
118
118
N
D
1904
1943 A (i
L941 M S
1
2d guar gold «s
1st con gold 6s
Eefunding gold
.1
5s
101%
104
105
120 4 Sale
1044
1204
106
106
J'ne'02
I"!
1204
Dec '98
J
110
llo Sale 110
ChG-L& Ckc st gu g 5s
llo Sep '02
Con G Co of Chl8tgug5s.'36 J D 108
Purchase money 6s
120 4123 121 Oct '02
& F Ch 1st gu g 6s. 1905 J J 1044 Sale
4
Eg. G
121 1244
10..
Ed El II Bkn lstcon g 4s 1939 J-J
Oct "02
M u Fuel Gas 1st gu g 5s 1947 M N 102
97 4 Sep '02
95
99
97
Feb'01
J.acGasLofStLl8tg5s.el919 Q-F 1084
L09
Trenton G & El 1st g 5s.. 1949 M s
1084 Oct '02
1074110
Milwaukee Gas L 1st Is. .1927
J
95 J'ly'02
95
9534 Utica E L <& P 1st s f g 5s. 1950
• No price Friday; latest bitJaftg asked this week. oDueJan oDueFeh dDueApr eDueMay ADueJ'ly fcDueAug oDueOct j'DueDeo
A-O
A-O
1997 A-O
1174122
Oct '02
4
L09 4 J'ne'01
112
Mar'02
106
1
192'
.",s
M
NO& M
N
'99
1st g,',s .1911
191
1*.-
103
103
103
103
LOO
10,' V 100 4
1074....
111
l'
112
4 Sep
118
101
101
Unifled gold 4s
1941
Registered
1940
1931
Coll trust gold 5s
Coll trust 5-20
La 1903-1918
Cecilian Branch 7s
I90"i
E II Jc Nash 1st B 6s...:1919
Lex gold 4 4s... 1931
LCin
1st gold 6s.... 1930
O&
2(1 gold 6s
1930
1214 126,4
97
101
1922
1932
1949
58
NorSli B
1101
1104 Looisv
"97" "97"
J'ly -02
!
Hold 5s
113
SeeKCoEL&P
N YG& ELH* P
EqU LN Y 1st con g 5s.. 1932 M-S
Eg, G & fuel See P G & C Co
Gas& Elec Berg Co eg 5s. 1949 J-D
Gr RapG L Co 1st g 5s.. .1915 FA
118"
lot
N V B* MBlSl
N Y & R B 1st
103
.
110
0<
1st
10841084
'.
964.
1,
Uklvn
114%118
io;<,
',
4
!
118% 120%
be'ii'.
109
iof"
con g5s./il931
gold 4s
A.1931
Unified gold is
1, inline gold 5s
!
1
See Erie
Gold 4s
121
•
1
1094.:
1st
135 4137»4
lo-'i
4
.1
1
I0334 106
1
;
115 4.
glstpf6s
General gold is
Fetry gold 44s
MISCELLANEOUS
1
1st
g Dock
Long Island
llo
112
121
and Electric Light
Ch G L & C Co See P G & C Co
Columbus Gas 1st g 5s
1932 J-J
Conn liy ct L See Street Ry
Con Gas Co See P G & C Co
92.1
Detroit City Gas g 5s
Det Gas Co eon 1st g 5s.. .1918
N
C.fc
1
125^4
Ocl '98
109
1
1204
'
io9
Gold guar 5s
1914
el R .see Ceni ol N
Leh &
Leh & Wiikcsi, SeeCem ofNJ
Leroy & Caney Val See Mo r
1st c,,ii sol
1204
1034
1054.
y,f.<:
Registered 5s
Leh Val N Y lstgu g4'- Registered
i.rh v Tei Ry Utgug 5s
Registered
Leh V Coal Co 1st gu gos. 1933
Registered
1933
Leh & N 5
i\ guarg is. .1945
Registered
1945
1
96
130
1
<>as
KCMoGas Co Istg5s...l922
Kings CoKlL&Pg 5s... 1937
1044105%
110
I
974 102
984 984
1
130
1
136
98
98 "a J'ly'02
85
85%
93 \
93
L30 s
May'02
'_
'02
137>4
137'.i
136 Sep '02
sVi's^u;
Fargo So See Ch M & St P
lint & Pere M See Pere Mar
III
1134116
101
-
<fe
EdElIllBkn
113 14Oct'02
1134-MarOn
1044Mar'02
102 4 Apr '9s
99
North Ohio 1st rn s
1945
L Sho & Mich S .See N V lenl
Lehigh Val (Pa) coll g 58.1997
115
111
J-J
J-J
Pitts See Penn Co
T 1st cons 63.1921 J-J
1st general gold 5s
1942 A-O
Mt Vernon 1st gold 6s.. 1923 A-O
Sull Co Branch 1st g 5s. 1930 A-O
Evifc Ind 1st con gug 6s.. 1926 J-J
Ed E
10534 106
90
1921
Iowa 'cimal 1st gold
Refunding g 4s
Iake
109% Jan
984Sale
2d gold 4 4s
1937 FA 100
General gold 5s
1940 FA -ION
Terminal 1st gold 5s... 1943 M-N 112 4
Regis $5,000 each... 19 13 M-N
Wilk <fe Ea lstgu ^ 5s. 1942 J-D 1144.
&
si
W
K'noxvillc
,115
119'.i.l
<fc
&
'02
I
J'ne'02
116%
Coal&RR lstcurL'ii 6S.1922 m-n
Imp 1st cur 6s.. 1913 j-j
N Y Green L gu g 5a. 19 16 M-N llo
MidRRofN J 1st u 6s. 1910 A-O no 114
N Y Sus & W 1st ref 5s. 1937 J-J 1114
Evans
Oct
106
(
Dock<fe
Erie
106
116
1024 Kan City Sou ist gold 3s.. 1950
Registered
924 954
1950
84 4 87 34 Kentucky Cent SeeL<$ N
91
954 Keok & Des Mo See C E I & P
Sep '02
115
1094 32 1074112
984
l
'
115
97 k
9434
1014104
101
1916 J-J
& Atl g 5s. .1937
East of Minn See St P M & M
ast Ten Va & Ga See So Ry
112
1094112
103
L S & M"<*
Kal A it a K
an <fc Mich See Tol <fe O C
K c in S& M See St L& S F
K C* M R<S B Is! gu e 58.1929 A-O
Kan C A: l'acinc s,-e M K ,V
91
W
1064
102
112
'02
'02
'02
96^ 442
109
,
1134.
1951
1951
1951
1951
1951
& West SeeCCCA
Bl
i
113 l4
108 34
102
Ind Dee d1st g 5s
1st soar gold 5s
1935
Ind 111 & la 1st g 4s
1950
in & Great Nor 1st g6s.. 191'.
2d gold 5s
1909
Jefferson
89
:
1
rnxl
m%iu%
14
151
2
1
95%
Sale
L& NO
115>sll8^
1474J'ne'02
1474J'ne'02
96
Bellev& Car 1st 6s
1923
Carl) & Shaw 1st g 4s.. .1932
Chic St
g 5s... 195]
Registered
1951
Gold 34s
195]
Registered
1951
Memph Div 1st g4s... 19.",]
19.",]
Registered
-t gll g 4s. ...1931
St 1. SOU
132% 137
1
111% Feb '02
101
141
133%o, '02
115%Aug'02
106
143%:
Consol gold 44s
1204
138
102 J'nc'02
112 Oct '02
103 4 Oct '02
143 J'ne'02
149 Aug'01
113 Aug'02
122 J'ne'99
1151s
140
lll'i
135
137
Sep '02
Oct "98
137
140
M-N
Denv& R Grist con g 4s. 1936
115
115
135 34 Sep '02
Sep
Sep
Sep
103
112
1164
864 924
106
87
1 999
Gold 3 4s
Registered
Spring Div 1st g 34s...
Western Lines 1st sr 4s..
<fe
Morris& Essex
114%
1144
864
1
10641064
Mar'98
I
W
& Waco .See M K T
Del Lack & Western 7s... 1907
.-
..
111k.
Registered
1951
1st gold 34s
1951
Registered
1951
1st gold 3s sterling
195
Registered
1951
Coll Trust gold 4s
1952
Registered
1952
L N O & Tex gold 4s. ... 1 953
Registered
1953
Cairo Bridge gold 4s
1950
Louisville Div gold 3 4s. 1953
Registered
1953
Middle Divreg 5s
1921
St Louis Div gold 3s
1951
Registered
1951
& Hock Val See Hock Val
Conn & Term .See N &
Conn & Pas Rivs 1st g 4s. 1943 A-O
alias
Sale
sale
101' 4
Ill
Col & H V 1st ext g 4s.. 1948
Houst E &
Tex See So Pac
Houst & Tex Gen See So Pac Co
Illinois Central 1st g4s..l951
\'
Col
Col
1064 Feb '02
&
Registered
8634
97
82
1
87
See
Han & St JoSee C B & y
onsatonic
N YN H&H
Hock Val lstconsol g44s. 1999
1274128
J'ne'02
114%
& Oswegat See N Y' Cent
Grand Rap& Ind See Penn RR
Gray's Pt Term See St L S W
Gt Nor— CB&Q coll tr4s 1921
Greenbrier Ry See dies <fc O
Gulf<fcSIlstref&ts5s &1952
Gouv
824
11441164
.
105
& A
V
Sep 00
100
.
03'4
1064.
&
102
116% Aug'02
78
]
W
138
138
ib4 4NoV'0i
A-0
1990 Apt
con 1st e 5s. 1933 A-O
Clev & Marietta See Penn RR
Clev& Malum Val g 5s... 1938 J-J
Registered
1938 Q-J
Clev & Pitts See Penn Co
Col Midland 1st S 4s
1947 J-J
Colorado & Son 1st g 4s.
929 FA
Coluni <fe Green v Set So
.
m
101
J-D
J-D
& Wh
.
Sale
101
Q-F
J-J
1st g 5s. ..1918
1st land gr ext gold 5s. .1930
Consol gold 5s.. . .
1943
Fort St U D Co 1st g 44s. 1941
Ft W<fe Den C 1st g 6s. ...1921
Ft
<fc Rio Gr 1st g 3-4s 1928
al Har
/
S
See So PacCo
* T alH<& H of 1882
1st 5s. 19! 3
Gacfe AlaRy 1st con 5s.. ol 945
Ga Car No 1st gu g 5s. .1929
Georgia Pacific See So Ry
Gila
G Nor See So Pac Co
>
January t
High Ac Low High
Ask Low
Bid
106
FlaCen& Pen
'
Income 4s
CI Lor
113 34 1154
Last Sale
,
Since
Week's
Range or
Nov 7
Low High
'00
114% J'ly'02
i'1'34!
1
Range
Price
Friday
N. Y.
Januani
LXXV.
[Vol.
STOCK EXCHANGE
Week Ending Nov 7
Since
117 34 119
109 109
105 1144
1114Dec*0J
M
Registered
fcl93ti
Cin S & CI con 1st g 5s. 1 928
consol 7s
1914
Consol sink fund 7s
1914
General consol gold (3s. 1934
1934
Registered
Ind Bl &
1st pre! 4s. 1940
O Ind &
lstpf 5s...<£1938
Peo <fc East 1st con 4s. ..1940
,Vo
U44May'02
J
Cm
lstgold4s
o
2
BONOS
Range
a5
2
Oct '02
Apr'02
117
109
107 4.
or
A-O
See
Cin S <fe C See C C C St L
Clearlield & Mali See B R & P
Cleveland
Chic & St Louis
General g 4s
1993 J-D
Cairo Div 1st gold 4s.... 1939 J-J
Cin W«fc
Div 1st g 4s. 1991 J.J
St L Div 1st col tr g 4s. .1990 M-N
Registered
1990 M-N
Spr & Col Div 1st g 4s. .1940 M-S
I
Week's
Price
STOCK EXCHANGE
Week Ending Nov 7
N. Y.
C
.
.1
1
1
.
1
1
1
I
t
104
106
11734 126
111%
L07% 1094
in.-'-
L05
L06
106
.1
*Optionsale
N
November
Bond Record—Continued— Page
1902.]
8,
BONDS
ENDING Nov
t.k
LNA4 Coal
Mahon
anhattan
W
McK'pt
B V
ct-
Set
J-J
WSee
F-Aj 112
.1905 J-J
W
J-J
J'ly
ly
J
93
MSS
M StP<£
104%
ili" Sale 112
80% 81
80
2fi*-j
17
17
FA
103*2107*2
111
35
80*2
189
2T
17 *s 20
97*2 Sep '02
96*2
7s.. 192
79*2 85
26*2 36*2
17
25*2
98%
96
119
124*4
120
103 %
.
.
.
99 34 Sale
824
105
86
106
,
.
1942IA-0
1906 M-N
1st consol gold 6a
1920 M-N
Trust gold 5a stamped. al917 M-s
Registered
al917M-S
1920 F-A
1st coll gold OS
Cent Br Ky 1st gug4s.l919 FA
Lerov & c V A 1- Bt g 5s 1926 J J
Pac K of Mo 1st ex g 48.1938 F-A
2d extended gold os... 1938 J-J
-
1
Cong 5sl931 A-0
Gen con stamp gtdg 5s 1 'J;>1 A-0
Sg< a
J-J
rel gold 4s. .1929
1st g 5s. 1926
VIA W
M
S
109
993.
83
105
Oct
Sep
'02
'02
90
91
90
105*2 105*2 Oct '02
105 *a J'ly '02
it-
109
*s
"2
Oct '02
109%
113 Oct '02
121% Sale 121*4 1213s
106 sSale
106*8
106*2
105 »4 Sale
93
95
102
105 34
93
100
105
114
106*2
Oct '02
:i
105
112
114*2 Sale
lo3
112
os
1011,
31
15
^7> M
*a
103 108
85>a 88*4
102 106*4
12 88*2 92
104*2108*2
101*2 105*2
109*2 113*2
110*2 11 r<4
15 121*4 126
22 L05 34 109*4
10 105
91%
Oct '02
114*2
114
92»4
J'ly '02
114
127
97
iii' i Yd" 115
93
97
129
127
97
114
91
Sep
'02
Oct -02
115
91
Oct '02
101*2 J'ne'02
1903
1997
1997
Debenture 5s of.. .1884-1904
Registered
18«4-1904 M-S
Regist deb 58 of. ..1889-1904 M-S
Debenture g 4s.. ..1890-1905 J-D
Registered
1890-1905 J-D
Debt certs ext g 4s
1905 M N
Registered
1905 M-N
Lake Shore coll g 3 >2S ... 1 998 F-A
Registered
1998 F-A
Mich Cent coll g3*2S....1998 F-A
Registered
1998 F-A
Beech Creek 1st gu g 4s. 1936 J-J
Registered
1936 J-J
2d gu gold 5s
1936 J-J
Beech CrExt 1st g3*2S 61951 A-0
Cart <fe Ad 1st gu g 4s. ..1981 J D
Clearf Bit Coal lstsf 4s. 1940 J-J
Gouv& Oswelstgugos 1942 J-D
Moh<fc Mai 1st gug 4s.. 1091 M-S
Income 5s
1992 Sep
and Telephone
Am Telep.% Tel coll tr 4s
1929
Cable Co 1st g 4S..2397
Registered
2397
Erie T ac r col tr s t 5a.. 926
Met T i r 1st si g5s
1918
Mut Un Tel Co See Westn In
el g<
N Y <fe N
a 6s. .1920
Comm
-j.
.1
No Westn
1
113
116
111
1
Improvem't
101
100
76
Oct
76% Oct
77
W
1
11
1
100
118%
102»4 Sale
102%
106
102%
102*4 Oct
Sale
116
OreRR&Nav
.S'ee
See
(
)
102*8
101%
106
106
106
106
103% Aug'02
101*4 Oct '02
109*2 Sep '97
106% Oct '02
101% 103%
101% 101%
100% 100%
100 101%
lbo" Sale 100
100
100% Nov'Ol
94% Sale
93
93
*2
93*a
93*2
Sale
94
94*2
93
98
93%
92*2
96%
97%
Oct
93*2 Sep
111% Sep
106
109*2
109
102% 104
100*4 Jan '02
'02
'02
'01
93
93
96
J'ne'98
115
95
Apr '02
93
107*2 J'ly '00
L
10% Dec '01
97% Aug'02
100*2Apr'0£
100*2 Oct '00
J
J
Sale
109
114
Oct '99
114
II01-2
112
101*4
110% Oct
J -J
109 ?s 110*2
40
127%
128
127
132*2
130
Sep
'02
105
105
121
*4
121*9
118% 127%
113% 114%
108
108
104*-2l08
105
106%
M-N
,
204*2
229%
207
220
J'ly'02
135*2 Jan '02
1.3014
135* 2 135*a
M-N
Jan
J-J
104*2....
114
J-J
102
106*4 Mai'o-j
106% 106%
M-S
M-S
102*2 103*2 102*4 Oct '02
101%105%
...
'00
101*2Nov'9S
M-N 112*2117*2 116%Mar'02
133 Aug'02
M-N 130*2
F-A
130*2
A-O
A-O
A-O
J-D
131
132*4 Aug'02
134% J'ly '02
132
Series
Series
Series
Pitts Ft
116%116'a
133
135%
132
136
134»4
135%
100% Sale 100*2 100% 60 100**104*2
"94" Sale 1 00% Jan '02 128 100*2 100%
9334
95
94
92
107% J'ly '01 '26
10034
ioo% i'04%
los
J-J
M-N
100%
Q-J
Q-J
100»4
103%
Sale
Sale
73*2 Sale
103%
103%
103
y-F
q-F
sale
102*2
73*2
72
103
J-D 100%
J-D
F-A
73%
Apr '02
102*2May'02
103
102
106%
105%
72% 75%
72
75
100
102%
127% Oct
'02
J'ly '99
12734
129%
132
118
110
100
118
Oct '02
Aug'02
118
110
100
122
117
94*2 Feb '02
117*2 Oct '02
115
94%
119%
114
110
112*2J'ne'01
108*2 J'ly '02
108
110
Q-F
F-A
A-O
J-D
J-D
A-O
M-N
111
102
:
Sale
.
111
101
102
Oct '02
Apr '02
110% Oct '02
110% J'ly '02
C)7
109%!
110
111
.
98
Nov'98
Oct '02
123
J'ly '02
121
94*2
112%
100
102
98
C guar
11
5% J'ne'02
112%
97*2 99
122*2 123
114% 116%
112
115%
97
97%
106% Nov'Ol
97*2 J'ne'02
1912 J-J
127% Oct
127% Oct
.130
A1912 A-0
130
RR 1st real est g 4s. 1923 M-N
</
110% 112%
116*2 Feb'01
D 4s guar
1945 M-N
E 3*2 guar g.... 1949 F-A
W & C 1st 7s.. .1912 J-J
1905 J-J
1912 M N
1005 y-M
1919 M-S
101 102%
101*2 102
109%113%
Nov'00
112%
1942 M-N
109%114%
Oct '00
102
'02
'02
127% 132
128% 131%
Apr'01
110*2 Mar'02
108
Sale
110*2110%
107%
i'03% i'12%
108% 131
on Next I'nee
*-.
'02
104*8
105%
111 J'ne'02
127*2
100 Dec '01
229*2 Sep '02
J-D
1026 J
80
-I)
Kan& HC4 C 1st sfg.Ys.10.il J 3
Pleas Val Coal 1st g s 5s. 102s J J
Koch & Pit C& I pur m 5s. 1941 M-N
102% 106%
Oct '02
98 174 9334 U1%
J'ne'02
106% Feb '02
104%109% Tenn Coal TDiv Istg6s.al9n A-0 107
07
Birm Div 1st consol 6s. .1917 J J 110 112
110% 113%
Cah C M Co 1st gu g 6s. 1022 J D
DeBarC& I Co gu 68.1910
102*2 Sale
WhLE& P C Co 1st g 5s. 1919 F A
J J
g
1
*i
108
115
106
106%
106
108
111%
May'97
May'97
105
f
Oct '00
107
Oct '02
110
105
Oct '02
Fib
113
'00
102*2 103
32 Jan '00
101% 104
Haniifactiiring OV Industrial
Amer Bicycle s f deben 5s 1910 M S
Nov'00
Am Cot Oil ext 4*2S
110*2115
110*2Aug'02
1915 Q K
week, a Due Jan b Due Feb e Due May grDueJ'ne
Due J'ly
55
-
latest bid
113% Jan '02
10s
108 ...,
10 4*2 105*2 105
105
105
Coal and Iron
97*2 100% Col F& I Co gen sf g 5s. .1943 F-A 102*2103
103
Convertible deb g 5s
100*2 100
1011 F A
97 Sale
96
De Bardel C & 1 See TC&l
Gr Riv Coal& C Istg6s..l919 A-0
115
107
25 114 114*2 Jett&ClearC& 1 Istg5s.l926 J D *101
113 14 Oct '01
114
115%Mhy'00
1193, 121 *2Mav'02
120*8 121*2 120% Oct '02
PCC&StLgu4*2SA...1940 A-O
Series B guar
1942 A-0
2d gold 5s
M-N
114
8% Dee -01
N&C
Consol sterling g 6s
Convertible g 3*28
Con currency 6s reg...
Consol gold 5s
95
11
128 J'ne'02
127 J'ne'02
110 Dec'01
106*2Nov'00
A-O 223
J-J
Registered
1921 J-J
Guar 3*2S coll trust reg. 1937 M-S
Guar 3 *2S coll tr ser B...1041
C St L & P 1st con g 5s. 1932 A-b
Registered
1032 A-O
CI & Pgen gug4*2sser A. '42 J-J
Series B
1942 A-O
Series C 3*as
1948 M-N
Series D 3 *2S
1950 F-A
Erie<fe Pitts gug 3*28 B.1940 J-J
Series C
1940 J-J
Bdge gen gu g4*asl945 J-J
Penn
114
Mo
See
2cl7s
3d 7s
onl
No price Friday;
123%.
113%.
NYC
N W
1946
Pac
Panama 1st s fund g4*as..l917
Sink fund subsidy g 6s.. 1910
Penn Co gu 1st g 4 *2S
1921
101% 104%
101% 104%
12
Un Pac
Un Pac
Oswego & Rome See
100 104
C F it St P .S'ee C &
75*2 81*2 Fac Coast Co 1st g 5s
106
106
Can Coal Min
*
104 1073i
20 105*2109*2
133
RR
Ore Short Line
'02
J
and Iron
See T C 1 & R
Clearf Bit Coal See N Y C & H
Col C & 1 Dev Co gu g 5s. 1909 J J
Col Fuel Co gen gold 6s... 1919 M-N
<
lit;
112%1 15*2
104% 107%
140%Api'Ol
140
lno River
1st g 5s. 1936 J-D
General gold 5s
1937 A-0
Ore <fc Cal See So Pac Co
116
116
102%
<}
1904
127*2 Feb':
Wash Cent 1st g4s
1948 CJ-M
Nor Pac Ter Co 1st g 6s. .1933 J-J
Nor Ry Cal See So Pac
Nor Wis See St P M & O
Nor it Mont .See N Y Cent
See C C C & St L
OInd &
-
Northwestern Tel 7s
105*2 106*2 105*2 106
105 ....
110*2 Mai'00
Ill ....
114 Feb'02
W
lien g 4s.. 1997
Registered
1 097
General lien gold 3s
<r_'0l
Registered
<i'J017
C B & Q coll tr 4s .See tit Nor
St Paul-Dul Div g 4s
1996
Registered
1996
St P & N P gen g 6s .... 1 923
Registered certitic's.. L923
St Paul & Dul 1st 5s. ...1931
1017
2d5s
1st consol gold 4s
1968
128*2
113
'02
'02
•;- J
leg See Wesj i'n
West Union col tr cur 58.1938 J J
Ed and real est g 4%s...l950 M-N
Mut Un Tel 8 fund 6s. ..1911 M-N
1
105%
North Illinois See Chi <fe N YV
North Ohio .Sec L Erie &
ac of Missouri
J-J
-
it ext g 6s..
1st g 68
1934
1032
New River
N & Ry 1st con g 4s. 1006
Registered
1996
Pocah C & joint 4s .. 94
CCife T 1st gu g5s
1922
Scio V & N E 1st gu g 4s 1 989
;i:;*,
125% 129
Dec '99
J'ly '02
Dec '99
|
M-N
105*4
'02
104*4 Sep 'Oj
105 Oct '02
<fe
MISCELLANEOUS* BONDS*—Continued
Telejrrnpii
J-D
J-D
J-D
J-D
F-A
113*2
T
91
100*2 101*2
127
Oct '02
113*2 Oct '02
G old mortgage 3 *2S
Registered
N Y 0& W ret 1st g 4s.. 1/1992
Regis §5,000 only
</1992
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
Nor* South 1 st g 5s
1941
Norf & West gen g 6s
031
102
132
Cm
H
HousatoniC R con g 5s.. 1937
N 11 it Derby con g 5s. .1918
1905
N Y <t N E 1st 7s
1st 6s
1905
N Y <t North See N Y C <t H
Nor Pac— Prior
114
KO&N
Registered
14 112
112% Oct
220
N Y it N E See N Y N H & H
N YNH& Har 1st reg 4s. 1903
W
126*2
113*2
T&
N
N
113
112
<fe
/
McM M
N
J-J
J-J
<fe
92% 95
92^
W
H
J/!'//),
105
1*
95-8
104*4 107*4
114 116*s
112*4 120
M
V
LOW
105
A-i
'02
105*2 Nov'Ol
N Y & Greenw Lake See Erie
N & Har See N Y C & Hud
N Y Lack W See D L & W
SYLI4W See Erie
N Y Long Br See Cent of N J
109
SYC&H
See
Monongahela Riv See B & O
it M
Mont Cent See St P
Morgan's La & T see S P Co
Morris & Essex See Del L <t
ash Chat & St L 1st 7s. 1913 J-J
i.' 1st consol gold 5s
1928 A-0
Jasper Branch 1st g 6s. .1923 J-J
\Y <fc Al 1st 6s.. 1917 J-J
P Branch 1st 6s. ...1917 J-J
Nash Floi &, She! See L & N
Nat of M ex prior lien 4%S.l 926 J-J
1st consol 4s
1951 A O
New cc D See N Y X H <fe H
See N V Cent
J June KR
Bdge See Penn Co
Kew &
E prior lieng 6s»1915 A-0
Y Bkln & Man Bch See L 1
R 1st 7s. ..1903
Y Cent &
Jlii/h
Oct
113*4 Sale
J-J
J-J
Mahon C'l RR
J-J
Pitts McK & Y
1934 J-J
2d guar 6s
McKees& B V 1st g 6s 191 J-J
Mich Cent 1st consol 6s. 1909 M-S
1931 M-S
5s
1931 y-M
Registered
1940 J-J
4s
1940 J-J
Registered
1951 M-S
J L<fe S 1st g 3*2-i
Bat C & Star 1st gu g 3s. 1989 J-D
N Y & Harlem g 3*2S...2O0O M-N
2000 M-N
Registered
N Y &, North 1st g 5s. .1927 A-O
R Wife O con 1st ext 5s. M922 A-O
Oswe & R 2d gu g5s...el915 F-A
1st gug 58.1918 M-N
R Wife
Utica& Blk Rivgug4s,1922 J-J
N Y Chic <fe St L 1st g 4s. 1937 A O
Registered
1937 A-0
May'01
-
Mohawk & Mai
Since
S « January 2
gug 58.1916 A-O
Convertdeb certs $1,000
Small ceils 8100
iioU J'iy*'bo
Mob <fcBirm prior lien g 5a 194," J j
93 Apr '02
Mortgage gold 4s
1945 J J
102 J'ly '02
Mob Jack it KC 1st g-5s. 1946 J-l>
Mob it Ohio new gold 6s.. 1927 J-D 130H1303) 130 Oct '02
1st extrusion gold 6s../il9'J, Q J
1938 M-S
General gold 4s
Montgow Div 1st g 5s..l947fF-A
St Lit- Cairo coll g 4s..el930 Q-F
Guaranteed g4s
19S1 J-J
See Southern
<Sr O coll 4s
129*4
121
120*4 124*2
102*2 106
Aug'0'2
114*4
9234
92*4
126**.
121
Apr '01
99*2
Sale
I
Missouri Pacific Sd7s
105
1st 5s. .1934
1st gu 6s. 1932
Nov'Ol
103
98
*-.
147*2147*2
118 121
118
.
121*2.
82
F-A
M-N
A-O
M-N 102
M-S
MKd. XolT »1 gug5s.l942 J-D
SherSh So 1st gu g 5s. 194a F-A
Teboit Neosho 1st 7s... L903 J-D
MoKAE 1st go g 5s
Bonn''
or
Last Sale
Ask Low
Bid
.
147*2 Jan '02
J'ne'02
129*4 Aug'02
121
Jan '02
120*2 120*2
103 n8 loasg
147*4.
J-l)
A-O
J-D
M-N
M-S
Week's
Mange
7
J\'ov
OTR
J-D
<
&«BCR&
M
114»8
90 s8 J'ly'0J
105 May'00
97
jrl990
2d gold 4a
1944
1st ex gold 5s
St L Div 1st ret g 4s. ...2001
Dal <fc NVa 1st gug 5s. ..1940
Kan C & Pac 1st g 4s.. .1990
Verdi
01
W
Minn Un See St P M &M
Mo Kan & Tex 1st g 4s. ..1990 J-D
<fc
117
Lia" iis
112
27% Sale
g
Unified
112
1-.1
1st 4s {pi... 2361
2861
Registered
Lake Shore consol '^d 7s. 1903
1903
Registered
1997
Gotd3*as
1997
Registered
Det Mon & Tol 1st 7s. 1906
in
104*8 104>4
105*4 May'01
Sale
SSMeong4intgu'38 J-J
StLIrMA
Mar
Nor <fe Mont
West Shore
HfjlU'e
Sep 02
ITice
Friday
KaA&GRlstguc5s.l93s
J-J
1st
MAPM 5sstpd4sintgu 1936 J-J
A 1st 4 iut gu 1926
<fe
Dec
115
112
100
STOCK EXCHANGE
Week Ending Nov 7
N Y Cent & H R—(Continued)
N J June R gu 1st 4s. ..1986 FA
1986 F-A
Registered
N Y & Pu 1 st con gu g 4s 1993 A-O
99 101*2
110*4 110*2
A-0
A-O
1909
Paciiie Ex 1st gold 6s.. .1921
South West Ex 1st g 78.1910
1934
1st consol gold 5s
1st and refund gold 4s. .1949
L gu
.
77*2
1934 J-D
Fne
it St L 1st -old
Iowa Exlstgold 7s
St
75
Sep 02
N Y Cent
Man Ry
Minn
iv
02
Nov 99
110*2 Mar '02
114*3 Sep 02
114 Sep 02
F-A
M- S
J lo-
100
.
A-0
See Chic & N
Mil L B &
Mil & Mad See Chic & N
Mil A North See ch M & St P
Jliiin
75
ll 3
.
M-S
Mex North 1st gold 6s. ...1910 J-D
Mich Cent See S V Cent
J
January 1
MS "HIV
FA 112
M
N
Last Sale
lOOi*
1019
3
N. Y.
Hi gh No Loxo Hiiih
Ask Low
1 16% Mar 02
115 lltV't,
125% Aug 02
125*2127*2
M-S
Metropolitan El S<
Mex Cent Oonsol gold 4s. .1911
let ooneol income g 3s.al939
2d consol income g 3s..al930
1917
Equip it coll gold 5s
•ill -.Ties gold 5s
1919
ser
1907
Coll tr g 4^8 1st
ex Internal 1st oon g 4s. 1977
Midot
Since
m-si
M-SI 125
70
M-S
Lb&MS
See
Sange
Bid
Ryoonsol 48.1990 A-0
1990 A-0
Registered
Metropol El 1st K 6s
Colonii g 5s
Man S
Week's
Banye or
S'&S T
7
Loutsv A Nashv— (( ontinued)
Pensacola Div gold 6s.. .1920
1921
St L lnv 1st sold (is
1980
2d eold 3s..
Heudor Bdge 1st sfg6s.l9Sl
Keatnoky Cent gold is.. 1981
LAJXib K<8 M 1st g4%a 1940
N flu A- S 1st gu g 5s.. .193'!
Pens * Atl Is; gu g 6s. .1921
S & N Ala con gu g 5s.. 1936
1910
Sink fund gold 6s
Li-Jetf Bdge Co s a g 4s.. 1945
Cli See C Ufci
!
BONDS
Price
Friday
STOCK EXCHANGE
N. Y.
S
1
"
107*2.
and asked this
ft.
40
45
98*2 Sale
p Due Nov
44
98%
s
44
99
Option
sale.
44
73
98*4 102
BONUS
Price
RR—(Continued,!
Week's
Friday
Vol! 7
STOCK EXCHANGE
Week Endino Nov 7
Y.
Range or
Last Sale
January
Ask Low
C1& Mar 1st gn g4%s..l935 M-N
D R R R <& Bge 1st gu 4s g.'30 F-A ioT
Gr R& I ex 1st gu g4%s 1941 J-J
Sun .v Lewis 1st g 4s... 1936 J-J
UN J RR.& Can gen 4s. 1944 M-S
.112
110
111
Oct '00
121%Oct'0',
112 k Aug'02
111k Oct '02
137
1943 J-J
1st consol gold 5s
1917 J-J
West 1st g4s
Pitts
Co certfs
JP
Ash 1st con 58.1927 M-N
Pitts
&
M&
Y&
D& H
Rich & Dan See South Ry
Rich & Meek See Southern
1939
Bio 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
Riogr So 1st gold 4s
Guaranteed
1940
Pitts
Rome Wat
<fe
B R& P
Og See N Y Cent
J-J
120
121
98
101
100
111
101%
100
115
97%
97 % Sale
Reading Co gen g 4s
96% 92
'
Nov'97
107 Ha Oct '98
W
Registered
Jersey Cent coll
Rensselaer & Sar See
Oct
May'02
J'ly'97
101
Oct '02
J'ne'02
97%
Apr '01
93HaOct
93k....
99% 100% 100
91
A-O
92
A-O
J-D 112
92 34
J-J
J-J
84
'01
'02
100
91 Hi
91k
97 Jan '02
114 May'02
80H2J'ly'02
92 34 Aug'02
See
1941
Rutland 1st con g 4%s
Rut-Canad 1 st gu g 4 %s 1949
Tus & H See Pere Marq
Sag LakeC 1st g s f 6s. .1913
alt
St Jo& Gr Isl 1st g 3-4s. .1947
St Law & Adiron Istg5s.l996
2d gold 6s
1996
St L & Cairo See Mob & Ohio
.
J-J
J-J
lOlkNov'Ol
J-J
J-J
J-J
97
97
97
A-O
M
St L & Iron Mount See
P
St L K C & N See Wabash
Br See T RR A of St L
St L
St L <& S Fran 2d g 6s CI B 1906
2d gold 6s Class C
1906
General gold 6s
1931
General gold 5s
1931
St L & S F RR cons g 4s. .'96
Southw Div 1st g 5s.. 1947
Refunding g 4s
1951
M-N
M-N
J-J
J-J
J-J
105
105
130
115
108
130\i Oct '02
115
115
101 Sep '02
100 Jan '02
95
95
1 25 % J'ne'02
88
88
Sale
99% 100
J-J
Registered
1936 A-O
St Louis So See Illinois Cent
1st g 4s bd ctfs.1989 M-N
St L S
2d g 4s inc bond ctfs...pl989 J-J
W
121
88
Sale
M&
97 %
98
87 Oct '02
97% 98
85
87
Trust Co ctfs
Consol gold 4s
1932 J-D
Gray'sPtTer 1st gug5s 1947 J-D
St Paul & Dul See Nor Pacific
Man 2d 6s... 1909 A-O
St Paul
1st consol gold 6s
1933 J-J
Registered
1933 J-J
Reduced to gold 4*28.. 1933 J-J
Registered.
1933 J-J
Dakota ext gold 6s
1910 M-N
Mont ext 1st gold 4s
1937 J-D
Registered
1937 J-D
Minn 1st div 1st g 5s. .1908 A-O
E
Registered
1908 A-O
1948 A-O
Nor Div 1st gold 4s
1922 J-J
Minn Union lstg 6s
Mont C 1st gu g 6s
1937
Registered
1937
1st guar gold 5s
1937
Will & S F 1st gold 5s.. 1938 J-D
P & Nor Pac See Nor Pac
St
816a J'ne'02
88
88
W 1st gold 6s.... 1934 A-O
gold
Scioto Val
<fc
NE
See
Nor &
W
Seaboard Air Line g 4s ...1950
Coll tr refund g 5s
1911
1926
Seab <fc Roa 1st 5s
Car Cent 1st con g 4s. ..1949
Sher Shr & So See M L & T
A-O
lllk
137
Oct '02
136% 137
140 May'02
112
Sale
112%Oct
112Ha.
J-J
J-J
'02
116HtApr*01
il3k
113% 113%
104% Oct '02
!
106
May'01
107 Ha Sep '02
106
104
133 Ha.
128 Apr '02
133H2Sep'02
115 Apr'97
122
124% J'ne'02
125 Ha Feb '02
123
111
Aug'01
128
123
111
97
'02
Dec '99
95kNov'01
lllk llli4
....
....
96
Oct
87
97k 96
Aug'01
Oct '02
A O 84 k Sale 84 14
85
M-N 101 >i Sale 101 Ha 102
J-J H2Ha
104% Feb '98
r
J.J
97
97
Oct '02
W
Sp Oca & G See Sav F &
Sod Bay & So 1st g 5s
1924 J-J 104
100 Dec'01
So Car <fe Ga See Southern
So Pac Co— Coll tr g4%3..1905 J-D 100k 100% 100k lOOHa
Gold 4s (Cent Pac coll). /fcl949 J-D
94
93k Sale 93
Registered
fcl949 J-D
95 Apr '02
Wist gug 5s.. ..1941 J-J
111 J'ne'01
Cent Pac 1st ref gu g 4s 1949 F-A 100% Sale 100% 101
Registered
1949 F-A
99%J'ne'0O
Mort guar gold3%s../fcl929 J-D *87""S7% 87% Oct '02
6il
A&N
Registered
fcl929
J-D
Gal Har & S A lstg 68.. 1910 F-A
2d gold 7s
1905 J-D
Mex<& Pac lstg 5s.. ..1931 M-N
Gila
VG&N 1st gug 5s. 1924 M-N
Hous E
&
W T 1st g 5s. 1933 M-N
NW
La& T 1st 7s. 1918
1st gold 6s
No
130
130k
Callst gug 6s.... 1907
Guaranteed gold5s
1938
Ore & Cal 1st guar g 5s. 1927
A Pass 1st gug 4s. 1943
of
110% Oct
Ill
108
104
109H»
108
'02
Mar*()2
110% Apr'02
112
110
102% 103% 103
Oct '02
Aug'02
Since
January 1
High No Low High,
111
Oct '02
111 Ha Oct '02
93
93
110
126
127HaFeb'(h>
i34HsJ'iy'oa
125'>j
Seu
122
112Ha
110% 114%
90 Ha 97
127%
133Hal37
122 123%
'it-.'
A-O
J-J
113 Jail '01
lOoHaXov'Ol
A-O
SA&
E&
87
105
a-d
.
105 Ha.
107Ha.
117
ETVa&Ga
MS
W
teDL&W
S«MKAT
M
&M
W
W
1
87%
S7 J4
112 34 Apr'02
112HaAug'02
105HaJ'ne'02
108 Dec'01
110% Jan
lo
86
92
112%113
112%114Ha
105k 108%
110% 110%
'02
.
19% U9 %
119 Ha J'ne'02
107
Nov'00
i
110k Sep '02
116k Apr'02
IO8H2IH
115 116%
10S May'02
111 Ha Oct '02
108
115
Sale
108%J'lv'01
11S% 119
108
112
104
119
115
lOOHaSale
116
40 118 124
122 122
95 k 100
113
120
95% Oct '02
115
112%115
Mar'02
lOOHa
99
120
96
Mar'01
Sep '02
94
120
Sep
lOOHa
'02
126
126
126% Oct
125
117
.
129
125
119
127%
122%
lllk
H3k
90
'02
'02
Oct
lOlkJ'ly'OO
lll 34Sale 111 34 112
92 Sep '02
87
107 Ha Sale 107 Ha 108%.
123 Feb' 02'
118
Ill 113Ha 102 Oct '99
114 Sep '01
113k...
114 34 ...
117 Oct '02
116Ha Dec'01
98 Apr'02
92k.
118% Oct '02
117Ha.
122
%
98 Ha
118% 122%
113% 117%
126
121Ha 122
101
119 120
116 34l20Hj
116%Ang'02
lI8H;Saie USHa 118k
113 115 114% 114%
117H;
126k
108
111%114%
122 Ha Jan '02
95
.
92
107%112
123
123
115
117%
98
98
H8%121
.T'ly'00
98%104%
104HaSep'02
114%
116%118%
112% 115%
111
108
Oct '02
118HaOot'02
115 Ha May'02
102
101 34 Sep '02
101 34 101%
119 122
Ill
115
119
111
120% Sale 120%
100
113H
15
96
102%
J'ne'01
Oct
112%114%
'02
112%Nov'0I
114
109
90
93
79 Ha Sale
105% Sale
107
120%
100
100
111
114
Sale
in? 110%
109 Sep '02
98 Ha Sep '02
94% 98%
92 Aug'02
91
93%
88 Ha Oct '02
88% 92%
31
78
87
80
79k
97
99%
98Ha Aug'02
110%113
112% Aug'02
104% 106k 126 103 k 106%
104 106%
104 Oct '02
106%
106
103 k Sale
126 127
93% Sale
107%
1566
102%
126
105k H3%
106
Apr'02
115HaH6Ha 115k
106
103k 68 101% 104%
129%
5 125
126
115 119%
H5Ha
96
93% 745 92
'
93 k
117 Ha J'ne'01
114%114%
114HaApr'02
Uni N J RR & C Co See Pa RR
Utah Central See Rio Gr Wes
Utah & North See Un Pacific
& Black R See N Y Cent
See Mo P
\7 er Val Ind &
» irginia Mid
See South llv
1939
Wabash 1st gold 5s
1939
2d gold 5s
Debenture series A
1939
26 110 110
1939
SeriesB
92
1st lien equip s fd g 5s.
89% "96"
Det& Ch Ext lstg 5s.. 19 11
Des Moin Div 1st g4s.. L9S9
90
84
OmDiv lstg 3 His
1941
lOlHalOSHa
Tol & Ch Div 1 st g 4s. 194
St Chas Bridge lstg 6s. 1908
96 k 98
Warren See Del Lac & West
Wash Cent See Nor Pac
See Southern
Wash O cfe
WtstN Y<fe Pa lstg 5s.. 1937
1943
Gen gold 3-48
14 99 101*8
dl943
Income 5s
105 92
96
West No Car See South Ry
94°8 95
West Shore See N Y Cent
VaCent<fe P lstg 6s.. 1911
100 104
41
Wheel'g<fc L E lstg 5s... 1926
85%" 89 k
Wlieel Div 1st gold 5s.. 1928
Exten & Imp gold 5s... 1930
1949
1st consol 4s
109 34 113
Wilkes & East See Erie
108 103
109 Ha HOk Wil & Sioux F See St P M & M
Winona & St P See C <fe N
108 112
Wis Cent 50-jrr 1st gen 4s. 1949
103 106
Range
o
^
<^
111
Ill
A-O
J-J
121%125
J-J
112 115
SoPof Argulstg6s...cl909 J-J
lllk 117
1st guar g 6s
cl910 J-J
S P of Cal 1st g 6s
1905 A-O
1st g 6s series B
1905 A-O
1st g6s series C & D...1906 A-O
1st g 6s series
F...1912 A-O
1st gold 6s
1912 A-O
1st con guar g 5s
1937 M-N
Stamped
1905-.. 1937 M-N
SPacofNMexlstg6s..l911 J-J
121 121
SP Coast 1st gug 4s.... 1937 J-J
Tex&N O 1st 7s
1905 F-A
23 100 102%
Sabine Div IstgOs
1912 M-S
100 101
Con gold 5s
1943
111 111
Southern— 1st cong 5s
1994
i"ri
96 101
Registered
1994
Mob & Ohio coll tr g 4s. 19t M-S
93
98
Mem Div 1st g 4Ha-5s... 1996 J-J
St Louis div 1st g 4s.. ..1951 J-J
Ala Cen R 1st g 6s
1918
Atl«fe Danvlstg4s
1948
99 102%
Atl & Yad 1st g'guar4s.l949
91 % 95%
Col&Greenvlst6s
1916
97
97
Div g 5s.. 1930
112% 115k
Con 1st gold 5s
1956 M-N
ETen reor lien g 5s
1938 M-S
80Ha 82
19" J-J
94=8
91
GaPac Ry 1st g 6s
Knox<fe Ohio 1st g 6s. ..1925 J-J
Rich <fc Dan con g 6s
1915 J-J
Equip sink fund g 5s. .1909
19" A-O
Deb 5s stamped
Rich* Meek lstg 4s... 1948 M-N
SoCar<fe Ga 1st g 5s.. ..1919 M-N
95
99 Ha
Virginia Mid ser C 6s. .. 1 91 MS
Series D 4-5s
1921 M-S
Series E 5s
1926 M-S
General 5s
1936 M-N
Guar stamped
1936 M-N
1st cy gu 4s.. 1924 F-A
O&
West N C 1st con g 6s.. 1914 J-J
107 111 Ha S<feNAla .SceL&N
107 110% Spok Falls & Nor lstg 6s. 1939 J-J
130 % 134
Stat Isl Ry 1st gn g4Has..l943 J-D
114 118Ha Sunb & Lew See Penn RR
96 101
SyTaBing&NY
r
100 100
Pebo&N
93 Ha 98% 1 er A of St L 1st g 4HaS..1939 A-O
125%125%
18941944 F-A
1st con gold 5s
Bge Tergu g 5s. 1930 A-O
St L
87 Ha 94 34
See So Pac Co
Tex & N
Tex <fe Pac E Div lstg 6s.. L905 M-S
2000 J-D
96% 100%
1st gold 58
90 Ha
2d gold inc 5s..
77
?2000 Mar
3
1931 J-J
La Div B Llstg 5s
80% 81 4
1935 J-J
88
90 Ha Tol<fe OC lstg 5s
Western Div 1st g 5s. ..1935 A-O
General gold 5s
1935 J-D
1st gug 4s.... 1990 A-O
112 117
Kan
13378 141 Ha TolP&
1st gold 4s. ...1917 J-J
pr lien g 3 Has. 1 925 J-J
139 140
Tol St L &
50-year gold 4s
1950 A-O
112 115Ha
Tor Hani & Buff lstg 4s. /(.1946 J-D
<fc Del 1st con g 5s 1928 J-D
113%118% Ulster
nPacRRcfc grg4s..l947 J-J
104 109
Registered
1947 J-J
1st lien convert 48
1911 M-N
106% 107 Ha
Registered
1911 M-N
Ore Ry & Nav con g 48.1946 J-D
Ore Short Line lstg 6s.. 1922 F-A
1946 J-J
1st consol g 5s
133%141%
4s & participating
192 F-A
1908 J-J
Utah & Nor 1st 7s
124% 125
Gold 5s
1926 J-J
124% 125%
128
lxxv.
102Hal03 34
1920 J-J
N YT&Mexgu 1st g4s. 1912
Utica
11334 Dec '01
128
113
J-J
M-N
88
100
StP & S'x City See CStPM &0
SFePres* Ph lstg 5s... 1942 M-S
S A <fc A P See So Pac Co
S F & N P 1st sink f g 5s. 1919 J-J
SavF&
Oct '02
108k Aug'02
A-O
K C Ft S&M cone 6s.. 1928 M-N
K C Ft S & M Ry ref g 4s 1936 A-O
W
lllHa
W
M
5s
1934
1st
St Jolin'sDiv lstg 4s. ..1934
Ala Mid 1st gu gold 5s.. 1928
Bruns&
1st gug 4s.. 1938
SUSuOca<fc G gug 4s. .1918
HI
Consol g 6s int guar... 1912 A-O
Gen gold 4s int guar. .1921 A-O
Waco &
div 1st g 6s '30 M-N
Week's
Range or
Last Sale
Ask Low
Mid
.
Sep '02
101
l
Nov 7
HE&WTlstgu5sred.l933 M-N
H & T C 1st g 5s int gu. 1937 J-J
130kFeb'02
&PMg
Friday
High Ho Low High Southern Pac Co (Continued)
ii7"May'00
Q-F 125 130
M-N
A-O i"22"
112
M-N
A-O lll 4
8agTus& Hlstgug4s.l931 F-A
Pine Creek reg guar 6s. ..1932 J-D
Pitts Cin & St L See Penn Co
Pitts Clev <fe Tol 1st g 6s.. 1922 A-O
Pitts Ft
& Ch See Penn Co
1922 J-J
Pitts June 1st gold 6s
Pitts & L Erie 2d g 5s...al928 A-O
Pitts McKees & Y SeeN Y Cen
Pitta Sh & L E 1st g 5s. ..1940 A-O 118 121
1997 J-J
1997 J-J
g 4s.. .1951 A-O
1
Morgan's
Pensacola & Atl See L & .Nash
Peo <fe East See C C C & St L
Peo<fc PekUn 1st g 6s. ...1921
2dgold4%s
61921
Pere Marq— F
6S.1920
1939
1st consol gold 5s
Pt Huron Div 1st g 5s. 1939
Price
STOCK EXCHANGE
Week Ending Nov 7
N. Y.
102 Nov'97
112 34 Mar'OO
107
[Vol.
BONDS
Ranffe
Since
Bid
1943 M-N
Consol gold 4s
Alleg Val gen gu g 4s... 1942 M-S
Roch &
C
1
11
1
Bond Record— Concluded— Page 4
1020
Penn
—
H
1
W
128
.
1
. .
43 117%121
118
109 114%
110
100 104
Oct '02
80 Sale
81 658 66% 89
78Ha
105 107
107 Aug'02
105k
HOHa
HOHa Oct '02
109 111%
97
95
95
97 May'02
85% 89
35
85k Oct '02
"97" 98 34 98 Mar'02
98
98
109 111%
111 Sep '02
108 ....
M-N
117% Sale 117%
F-A
J-J
J-J
109
100
M-S
J-J
J-J
A-O
M-S
A-O
110
W
W
J-J
A-O
Nov
J-J
99% Oct
40
.
J-J
112
113
Mar'01
112%114%
113 115%
116
112% 118
lll%Oct'02
92% Sale
92%
93
12
92
91%
92 k
54
W
J-J
121%
98% 102
119
'02
'02
114HaJan'02
113 Apr'02
113 Sep '02
112
A-O 113
F-A
M-S
;>
119% Oct
118Ha98Ha.
35
109
104
Kale
111%111%
91
97%
88
95
MISCELLANEOUS BONDS—Concluded.
&
lnttuatrini
Manufacturing
Am Hide <fc L 1st sfg6s.. 1919
Am Spirits Mfg 1st gOs.. 1915
Am Thread 1st col tr 4s. ..1919
& S Car Co 1st g 6s. ..1942
Consol Tobacco 50-yr g 48.1951
1951
Registered 4s
Distill of Ainer coll tr g 5s. 191
Gramercy Sug 1st gold 6s. 1923
111 Steel Co deb 5s
1910
Non-conv deben 5s
1913
Int Paper Co 1st cong 6s. 1918
Knickerbocker Ice (Chicago)
1st gold 5s
1928
Nat Starch M fg Co 1st g 6s 1920
Nat Starch Co 8 f deb 5a. .1925
SUn Rope
lstg 6s.. .1946
Income gold 5s
1946
Bar
&T
,U
Miscellaneous
M-.S
M-S
J-J
J-J
F-A
F-A
J-J
96
Sale
80
80
97
Oct '02
J-J
F-A
194S M-S 104%.
Adams Ex col tr g4s
94% 100
91% Am Dk& Imp 5s See Cent N J
80
1921 M-N
A m ss Co of W Va g 5s.
82
83
90
73
65
,
Sale
68
13% 15
110 111
price Friday; latest bid and asked.
93
96
73
68
Aug'00
Oct '02
73
Oct '02
14%
13%
110% HO 3
oDueJan b Due Feb
,
104%
F-A
98
100
107
100
112
HobokenL&I
110k
95
74
4s.. 1940
NewpNe Ship<& DD5s<n:>;io
N Y Dock 50-yr 1st g 4s.. 1951
Due
79
86%
Sale"
80
30
91k
i\)b'02
38
50
J-J
F-A
St LTerOupplesStat'n* Prop
Co 1st ft 4 Has 5-20 year.. 1917 J-D
S Yuba Wat CO con g 6s.. 1923 J-J
Sp Val Wat Works 1st 6s 1906 M-S
U S Red & Ref 1st s t g 68. 1931
g
100% 101%
79
Mar'01
83
79
111
M-N
St Joseph Stk Yds lst4%s. 1930 J-J
6% 19
110%116%
c Duo Mar dDue Apr
79
gold 58.. .1910 M-N
5s. .1919 M-N
Mad Sq Garden 1st g
Man Bon ii Lgeng
<fc
96
73
55
103% 107%
60
78
ifi
86
105
100% J'ne'02
. . .
B'kl'n FerryCo Isl cons g 58 '48
64% 69% Chic Jo <S si Sard oolg 5e. 1915 J-J 105
65% 65% Del M M hl.'^r incomes.. 191 A-O 80
99% Apr '01
99 Jan '99
J-J 100 ....
100 May'02
A-O
99%....
F-A 107 k 108 Ha 108% Oct '02
A-O
M-N
10
85
82 J'ne'02
105 Jan '00
06% 355
66k Sale 60
60 k Oct '02
"97% "98* 97 H? Oct '02
A-O
S LeathCosfdebg6s..]913 M-N
•No
96
J'ne h
95% 96
95 k
95%
90% i'oo"
102
Feb'97
101
105
118% J'b
Oct
86
Due J'ly k Due Aug p Due Nov
q
'00
'02
84% 89%
Due Deo sOptionsale
—
.
November
Volume
TRANSACTIONS AT THE
NEW YORK
1WJ
STOCK EXCHANGE
Railroad
Nov 7
far value
Shares
159.930
389,576
Bonds
Bonds
HO LID AY
Tuesday
'683,161
648,618
440,542
55,663,950
02,260,550
43,244,700
1,932.500
2,042,000
1,590,000
5-07,000
$1,000
3,000
2,221,727 $212,683,250
Total
$7,947,500
$67,000
$4,000
January
Week ending Nov 7
Sales at
Stock
Nov 7
1 to
1902
1901
1902
J-D
1st 6s 1926
50
Providence Gas
"
5s 1937. J
St Joseph Gas
StPaulGas Gen 5s'44M
Syracuse Gas 5s 1946. J _
United <+as&Elec,NJ 100
BONDS
State bonds
BR. and mis. bonds
Total bonds..
22,535',200
$778,112,250
$22,560,300
$8,018,500
$1,625,070
2,345,800
856,286,600
$1,121,400
3,403,900
773,586,950
$25,100
$860,257,470
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Nov 7
220
$78,000
57,787
DJ.413
16,041
14,254
135,500
23,890
64,500
20,579
19,748
25,225
5,499
5,078
2,317
45,987
39,462
131,500
62,003
$396,540
88,073
14,214
$352,736
Thursday...
Friday
13,490
10,792
11,106
Total.
48,379
.ELECTI ON
DAY
Telephone
BellTeleph of Buffalo 100
Central*; So Amer... 100
Ches& PotoTeleph.,100
J-J
5s 1909-29
100
Commercial Cable
Commer Un Tel (NY). 25
Emp & Bay State Tel 100
100
Franklin
100
Golddc Stock
4 Has, 1905
Hudson River Tele.ph 100
New Eng Telephone See
Northwestern Teleg. ..50
N Y & N J Telephone 100
Industrial
Ask
126
170
Houston
Bid
Detroit United RySee Stk
33
100
248
100 hi
107 Ha
lstmort 5s 1904... J-D
35
101
250
101
2dmort 5a 1914
JJ
109
Con 5s 1943 See Stock Exch list
B'way Surf 1st 5s gu 1924 3112 114
2d 5s int as rental 1905
Cent'l Cross town stk. 100
M-N
IstM 6s 1922
Cen Pk <fc E Riv stk 100
N
7 s 1902
Christ'r<Si 10th St stk
Consol
J-D
100
9th Ave 58 See Stock
Dry D E B & Bat stk 100
1st gold 5s 1932. ..J-D
Scrip 5s 1914
F-A
Eighth Avenue stock 100
Scrip 6s 1914
F-A
42d & Gr St Ferry stk 100
42d St
& St N Ave 100
lstmort 6s 1910. ..M-S
2d income 6s 1915. .J-J
Col<fe
M
Lex Av
& Pav F 5s
See St
Metropol Securities See
Metropol Street Ry See
Ninth Avenue stock. 100
Second Avenue stocklOO
Ave
5s 1909. .A-0
W
Bkln Crosstn 5s 1908.J-J
Bkn Hgts 1st 6s 1941 A-O
Bkln Q Co & Sub 6'eeStk
Bklyn Rap Tran See Stk
Ref g 4s 2002
J-J
Coney Island & BklynlOO
1st 5s 1903
J-J
5sortfsindbt 1903. .J-J
Brk
1939. J-J
Gr St&New 1st 5s '06 F-A
Gr'pt
Lorimer St 1st 6s
Kings Co. Elevated
C4N5s
&
1st 4s 1949
See Stock
Nassau Elec pref
loo
103
J
Preferred
40
79
43
82
100
Preferred
I6I2
53
19
380
170
8IH3
180
3
31
Hi
84
3128
3100
73
99
"32 hi
132
19
70
104
105
108
Exch
Exch
list
list
360
101
101
115
103*2
105
Exch
83 H,
105
Ph
H&P
East River
107
76
100
3110
Stock
Stk E
320
ila list
112
Exc
x list
335
5sgl949
t
111
Price per share.
M-N
Gas—
M-N
t
100
Foun com. .100
Bonds 6s
F-A
50
Preferred
loo
Typefo'rs com.. .100
Preferred
100
Amer Writing Paper. 100
Preferred
100
5s 1919
J.J
Barney & Sm Car
100
Preferred
100
Bliss Company com
50
Preferred
50
Amer Tobacco com...
Am
39
90
list
1%
96
n list
11
Bond&MtgGuar newioo
1071,
4
65
14
175
47
100
310
140
43
98
5*2
24
77
16
125
145
140
390
119
107
Stock
Borden's CondMilk.,100
Preferred
100
Brit Colum Cop See Bost
99i* Camden Land..
20
107
Celluloid Co
ioo 115
10714 Cent Fireworks com. 100
23
109
Preferred
63
100
19
Central Foundry
3
.100
91
Preferred
15
100
Cnesebrough Mfg Co 100 450
104
Clafiin (H B) 1st pref 100
93
86
2d preferred
92
100
35 hi
Common
90
100
50
Col <fe Hock Coal<& I pf 100
60
1st g 5s 1917
J-J
80
Compressed Air Co... 100
1 34
1041-2 Cousolid Car Heating 100
60
58
Consol Firew'ks com. 100
10
43
Preferred
100
55
77
list
3104i.j IO434
Sale price.
.
Preferred
Am Soda
100
2d preferred
100
American Surety
50
Am Strawboard rects 100
CITIES
Indiana Nat &,
1st Os 1908
Amer Graphophone...lo
Preferred
10
Amer Hide & Lea 6'eeStk Exch
Amer Press Assoc'n.100 85
Amer Shipbuilding. .100 67
lso preferred
J-J 3112
J-J 3109
Amer
107-2
100
South'n ...100
Northern Securities.. 100
Ore Short L 4s w i £«eStk Exch
Pitts Bess&LE
50 t 32
Preferred
50 t 74
Pitts las <fc
con 4s (w 1) t
W
Gas—
Light & Tract. 100
36
87=8
Preferred
88
100
400
Baltimore Consolidat See Bait
Bay State Gas
l l4
50
103
Binghamton Gas 5s 1938 3 93
116
Boston United Gas bonds Bos to
Buffalo City Gas stocklOO
9«2
107
1st 5s 1947
75
A-O
Chicago Gas See N Y Stk Exch
list
Cincinnati Gas & EleclOO
99
5
Col Gas L<fe Heatcomloo 106
115
Preferred
100 IO6H2
89
Col Gas 1st 5s 1932 J-J 3107!2
106
Consol Gas (N J) stk.100
17
119
1st 5s 1936
J-J
88
Consum Gas (J City)—
1st 6s 1904
M-N 310212
Detroit City Gas
50
114
Essex & Hudson Gas 100
35
Fort Wayne 6s 1925. .J-J
40
215
Gas&Elec BergenColOO
list
Grand Rapids Gas—
115
1st 5s 1915
F-A 3103
91
Hartford (Ct) Gas L...25
64
56^ Hudson Co Gas. ......100 42
Crosst'wn l8t5s'33.J-D 3109 111
3 Buyer pays accrued interest.
New pref
107 110
102 105
Stk E x list Industrial and iHiscel
28
29
Acker Mer & Condit...6s 100
82
83 Ha Alliance Realty
100 112
85 hi Amer Bank Note Co... 50 t 56
3 Sih
Exch list
American Can com... 100
11
48
49
Preferred
46
100
88
89
American Chicle Co. .100 128
99i2
3 98
Preferred
88
100
114
Consol 5s 1945
112
Nor Ub 1st 5s 1327. M-N 3105 109
Standard Gas com
100 130 140
Preferred
100 150 160
1st 6s 1930
M-N 311512 118
OTHER
Ch R I & P 4s 2002. .M-N
Rock Island
100
49
a
Cons Ry Ltg&Refng.lOO
Consol Rubber Tire. .100
Debenture 4s
Ex
rights.
514
hi
10
r,ht
12
3
4
r
13
46
•S
14
48
65
102
63
100
125
125
I
23«b
150
24
160
5
7
124
129
20
18H>
60
48
62
50-
65
71
96
100
3
2
32
36
10
5
105
106
16
18
71
65
102
103
195
104
107
205
IOH2
UH>
270
380
R
Nat Enam'g&
Coal. .50
50
100
r
17
50
100 Hs
170
165
io-\ 11
125
14
55
"19"
5H,
II4
r
1
t
6
llHl
20
92Hj
32 !4
100 Hj
35 Hi
89
150
35
86
140
lor
100
NewBrunsCannelCoal 10
6Hs
New Central Coal
20
New Eng Consol Ice. 100
New Eng Transpor..lOO
N Y Biscuit 6s 1911. M-s
N Y Mtge & Security. 100
New York Dock
IOO
Preferred
100
N Y Realty Corp
100
Nicholson File Co
5 3i
102* *Hj
100
100
100
Stamp 100
N Y Transportation. ..20
"
40 1„
10(
Preferred
National Surety
94
14
108
100
32
28
3 86 1* 86 Hi
563s 56 Hi
80 Ha 81 4
45
108*4 108 Hi
American Elevated..
Cent Union Gas 1st 5s...
Con Gas (N Y) stock N Y
EquitGascon5sl932 See
Mutual Gas
100
New Amsterdam Gas
NY
N Y&
Income 5s 1930
6
4H>
10
60
Preferred
Mosler Safe Co
National Bread
Preferred
National Carbon
Preferred
Railroad
Denver*
3110H; 112
3105 108
4
50
15
41
100
150
150
Monongahela
Chic Ind&L gu 4sl952 J-J
93
Chic Peo & St L pref. 100
10
Prior lien g 4 Has'SOM.fc S 3106
Con mtg g 5s 1930. J&J
93
3%
338
Lonllard (P) pref
100
Madison Sq Garden. .100
2d 6s 1919
M-N
Manhattan Transit
20
Mex Nat Construe. pflOO
Rho 1st Elec Protec ColOO 125
18 Hi
69 h.
40
25
25
Lawyers Mort lnsur.100 250
Lawyers' Title Ins.. .100 370
210
NY & Q El L&PowColOO
31
79
liO
N
KingsCo ElecL&PColOO 205
Narragan (Prov) El Co 50 tl08
I13h2
61
30 Hi
77
15
18
(full paid)
International Silver. 100
Preferred
....100
1st 6s 1948
J-D
John B Stetson com. .100
Chicago Edison Co. ..100 174 180
Y Stock Exch Preferred
Edison El IU Brk 4s
100
Hartford (Ct) Elec Lt 100 200
Lanston Monotype
20
list
16H;
(
Istg5sl951
6
1-.
Exch
RT
1
20
107
66
85%
Internat'lBankingColOO
International Salt. ... 100
Y&
Gas Securities
NEW YORK
1st 5s 1944
list
100
See
106
102 104
247 Hi 248
5s 1944
A-O 113
1st 4s 1951
J-J
88
Wb'gcfc Flat 1st ex 4 Has. 105
Stein way 1st 6s 1922. J -J >117>a
OTHER CITIES
Buffalo Street Ry—
1st consol 5s 1931. .F-A 3113
Deb 6s 1917
A.O !106 hi
Chicago City Ky stk. 100 212
Clue UnionTrac See St'ck Exch
Cleveland City Ry
loo
Cleveland Electr Ry.100
87*4
Columbus (O) St Ry..l00
55 H;
Colum Ry con 5s
3100
3115
3112
104
60
20 T
40% paid
85
102
16
Brooklyn Ferry stocklOO
15
NY<fcBlst6sl9.ll.J-J 113 115
Exch list
Con 5s 1948 See Stock
Metropolitan Ferry 5s... 108
110
Ask N Y & E R Ferry stk.100 82
list
1st 5s 1922
95
M-N 3 94
51
N Y & Hoboken stk.100 70 72
97 hi
Hob Fy 1st 5s 1946 M-N 3112Ha 114
list
Con 5s 1946
J-D 3 87
88
22i2 N
N J 1st 5s 1946. J-J 102 105
81 hi 10th & 23d Sts Ferry 100
65
9 34
1st mort 5s 1919.. .J-D 3105
108
102
Union Ferry stock. ..100 41Ha 42
llTh
1st 5s 1920
M-N 96Ha
1st consol 5s 1948. .J-J 3108
109
G EL
See Stock Exch list
Con 5s g 1931
A-O 113
Impt 5s See Stock Exc hlist
B B&
E 5s 1933. .A-O
Brooklyn City stoek...l0
Oflra 5s
See Stock E*ch
Bid
Exch
100
100
49
Preferred
94
Indianapolis St Ry See Phila
J C Hob <fe Paterson..lOO
21Hj
4sgNovl 1949. ..M-N 80
9i2
Lake St (Chic) El stk. 100
M
BROOKLYN
Atlan
Grand Rapids Ry
l8t5s 1928
J-J
3101 101 H> Louisv St Ry 5s 1930 J& J
265 275
Lynn& Bos 1st 5s '24. J-D
U23 126 MinneapStRy6s See Stk
210 220
NewOrl RysCo
100
100 101
Preferred
100
190 195
4His 1952
J-J
Exch list
North Chic Str stock. 100
120 130
1st 58 1909
J-J
113Hs 116Ha North Jersey St stocklOO
103
104 H»
48 1948
M-N
405 415
Pat Ry con 6s 1931.. J-D
105 109
2d 6s 1914
A-O
410 416
Rochester Ry
100
70
75
Preferred
100
111 112
Con 5s 1930
A-O
99 100
2d 5s 1933
J-D
k Exc List
So Side El (Chic) stk.100
Stk E x list Syracuse Rap Tr 5s 1946
Stk E x list Toledo Rys & Light Set
190 206
Unit Rys (St L Trans) 100
217 218
Preferred
100
$1051,, 106
Gen 4s 1934
J-J
$118 119
UnitRysSanFran SeeStk
175 180
Subscriptions
{111 113
West Chicago st
100
no8 110
Cong 5s 1936
M-N
lstmort 5s 1909. .M-N
Consol 5s 1948
F-A
Sixth Avenue stock. .100
Sou Boulev 5s 1945.. J -J
So Fer 1st 5s 1919. ..A-O
Third Avenue See Stock Exch list
Tarry
P & 5s 1928 108 110
Y kersStRR 5s 1940A-O 111 112
28th & 29th Sts 1st 5s '96 U13 114 Hs
Twenty-Third St stk. 100 408 415
Deb 5s 1906
J-J 102
106
Union Ry 1st 5s 1942 F-A II8H2 119
1
Westchest 1st 5s '43 J-J 113 * 114Ha
W
Street Railways
Ask
15
100
100
Oil
Preferred
113Ha Interboro
Ask
Bid
<
Weekly Review of Outside Market will be found on a preceding page.
Street Railways
NEW YORK CITY
Bleeck St <fc Ful F stk 100
lstmort4s 1950
J-J
B'way <fe 7th Ave stk.100
iHiscel
mo
104
Crucible steel
Preferred
12
15
100
100 ht lOIHa Distil'gSecurit'snew(w 1;
New 5s (when issued)
90
Dominion Securities. 100
110
60
Electric Boat
100
Preferred
50
100
3107 109 Hi Electric Lead Reduc'n.50
Preferred
8140 'a 141 H2
50
Electric Vehicle
71
100
Preferred
list
100
Electro-Pneum'ic Tranl
20
Empire Steel
56
100
Preferred
tll4H
100
99
General Chemical
100
3 96
Preferred
100
92
94
Gorham Mfg Co com. 100
3100 102
3734 39
Preferred
100
88 "a S914 Greene Consol Copper.10
Guggenheim Explorati'n
Hackensack M eadows 100
104 109
Hall Signal Co
100
101 104
Havana Commercial. 100
43
Preferred
35
100
104 34 103 Hj! Havana Tobacco Co (w i)
175 184
Preferred (w i)
110 120
Hecker-Jones-Jew'l Mill
84
78
1st 6s 1922
M-S
47
55
Herrmg-Hall-MarvinlOO
120 123
1st preferred
100
2d preferred
100
102 109
Hoboken Land& IinplOi
Bosto n list
58 1910
M-N
Ferry Companies
Outside Securities
and
Cons Storage BatterylOO
Continental Tobao deb 7s
Cramps' Sh & En Bldgl 00
75
107
Companies
United Electricof N J100
48 1929
J-D
A
105
82
122
164
M-N 3109 h
5sl920
80
25
Pacific & Atlantic
Providence Telephone. 50 f 112
96
Southern & Atlantic. .2"
Tel Tel & Cable of Ani.l r....
Electric
1,080
Tuesday
Wednesday
sales
7,143
15,378
5,666
7,629
...
....
sales
Bond
Unlisted
shares
Listed
shares
$52,750
119,900
4,019
8,972
Monday
Bond
Unlisted
shares
Listed
shares
19U2
Saturday
Philadelphia
Boston
Week ending
&
Telegr
1901
—
$4,000
67,000
7,947,000
100
Preferred
157,SeO,4&>
236,292,330
3,956,905
2,221,727
Stocks No. shares
$212,683,250 $388,939,500 $14,924,360,350 $22,949,445,575
Par value
$422,800
$129,475
$1,200
Bank shares, par..
Government bonds
A-O
Newark Gas 6s 1944. Q .
Newark Consol Gas. .100
5s 1948 See Stock Exch
O & Ind Con Nat & 111 1 00
New York
Exchange
100
Log<feWabVlst6s'25.J-D
Madison Gas 6s 1926. A-<
$653,500
1,724,500
$14,982,500
36,531,550
Bid
70
A-O (102
100
Laclede Gas
100
Preferred
Lafay'eGaslst 0s'24.M-N
O S
State
<£-c
Bonds
50
Jackson Gas Co
5s g 1937
Kansas City Gas
5s 1922
WEEKLY AND YEARLY
Stoclcs
Week ending
1021
tJos Securities
Indianapolis Gas stock 50
M-N
1st 6s 1920
Business at Stock Exchanges
DAILY.
1
THE CHRONICLE.
1902.]
8,
of
'
)
33
23
38
......
i
114
120
23
58
188
t
12
116
130
27
64
192
12H»
100 151
Nor Am Lum'r & PulplOO
8
Ontario Silver
8
9
...100
Otis Elevator com
41
42 Hi
100
Preferred
99 101
100
Pittsburg Brewing
50 t 33*8
Preferred
50 f 48
2934
Pittsburg Coal
100
list
Preferred
100
88 Hi 88»*
35
Pitts Plate Glass
100 137
80
Pratt & Whitn pref. .100
99
91i4 Procter & Gamble
100 336 339
Preferred
203
100
Royal BakPowd pref. 100 103 Hi 104
103
Russell & Erwin
63
25 t 61
Safety Car Heat & Lt 100 168
173
57
Seminole Mining
3
5 t
2Hi
14
162
Simmons Hardw com 100
47 Ha
Preferred
140
100
132
2d preferred
100 130 140
94
Singer Mfg Co
100 280 300
7 Standard Milling Co.100
9
9Hj
6
Preferred
32 hi 34
100
81
9Ha
5s
79
list
Standard 6"u of N* J . 1 00 677 682
95
Standard Coupler comlOO
40
36
59
Preferred
100 135 140
108
Storage Power
l 1*
1
50
6
Swift & Co See Boston St k Exc h'ge
75
1st 5s 1910-1914
102
J-J 3101
18
Tennessee Copper. ....2
17
16
185
Texas & Pacific Coal. 100
80
70
49
1st 6s 1908
A-O 3106 110
Title Guar & Trust. 100 790
340
Title Ins Co of
Y..100 150 160
148
TrentonPotteries comlOO
17
22
45
Preferred tr ctfs
100 105 112
102
Trow Directory new.. 100 70
75
6I4 Union Copper
3
'8
10
25
Union Steel & Chain. 100
78
Preferred
100
Union Switch & Signal 50
95
Preferred
105
125H2
50
Union Typewr com. .100 126 129
145
1st preferred
100 127 130
400
130
2d preferred
100 128
120
U S Cotton Duck
100
12
14H>
109
20
U s Envelope com. ..100 12
Exch
Preferred
77
74
100
U S Realty & Con See Stk Exch list
U S Reduct&RefiningUHt
25
Preferred
100
2d
68
U S Shipbuild'g(wh iss)
55
Pref erred( when issued)
3H>
90
I6H1
5s (75% pd)
100 8
470
U S Silver Corp 6s (w i).
96
U S Steel Corp 5s (wh iss) 97H, 98
97
115
Coltr 5s Ser B <fc D 1951 113
i
Universal Tobacco... 100
95
3
33
Preferred
65
25
100
90
Va Iron Coal & Coke. 100 33 H; 341*
74
2
5s 1949 ctfs
73
M-S
Vulcan Detinning.... 100 t.
65
32H>
80
20
Preferred
100 t.
Westingh Air Brake. .50 1176
14
12
5Ha White Knob Mining.100
1*4 Worthing Pump pref. 100 123
126
14
5
'
'.
1
N
. .
%
%
'
:
'
1
BOSTON SrOOK EXOH&ME-Stock
Share Prices— Not Per Centum Prices
STOCKS
Monday
Tuesday
Wednesday
Thursday
Nov. 4
Nov. 5
Nov. 6
Sales
BOSTON STOCK
Friday
Nov. 3
tfturday
Nov. 1
Weekly and Yearly
Eecord, Daily,
of the
Nov. 7
Range Since January
1902
Week
S ha ret.
EXCHANGE
Range lor Previoui
Year (1901)
1
Highest
Lowest
Lowest
Highest
Jtailronrfs
87% 88%
88% 88% 87% 883a
100% 100 34 100 100%
259% 259% 258% 259%
154
*240
195
154
241
]95
*154
239
195
*155
127
156
127
*15i
993.4
259
154
240
195
302
*154
128
155
241
195
156
259
155
240
195
305
156
128
195
194
Last Sale 175
Oct '02
303 303
154 154
i'55" ib's"
Last Sale 199
1
*
*73
*80
*104
210
3734
:,
4
105
104 14l04 34
*91% 91 34
96
"25
79%
210%
81
81
85
81
'
84
81
84
81
81
23
82
80
23
81
7
7
*22%
23%
23
SO
7
7
80
*23~
26
119% 123
125%
*
'
60
59% 6034 59
*7% 734
7% 7%
*267%270
*267V270
*185 187
187 187
40
40% 39% 40%
86
86
86% 86
187
*186
*2% 2% '2% 2%
88
*
2%
2%
137%137%
*30
230
*10
154
159%
2%
111
137
138
>30
'228
35
233
230
10%
58
40% 40 %
52
31
52
52
30%
31
13 3
13-4
4
39% 40
88i
8734
1
Last Sale
Last Sale
28%
*28
*99
*ro5
•105
28
99 34
100
no
110
"105
*105
20% 20\
2%
1 78
9
64% 65
11%
'ii"
.•24
25
*24
*4 34
-
1%
*%
5
1
*%
24
30
'29
*-70
*
*2 34
*
*-70
7
*T%
*10
2
18
63% 64%
*49
•131
50
133
*117
....
\
*9
3%
-
2
14
3
9%
3is 16
14
14% 14%
134
*9
45
13j
10
45
*5
2%
1%
*1
17
5%
2%
1%
1%
17
*56% 57
25% 25%
5
122
122
"1
*134
* ......
*155
"1%
•95
1%
6%
»3%
*1%
2%
*1
*1%
*16
56
25
l a4
4534
5
3
1%
1%
17
J5
*4%
5
122
*1 34
2%
1%
-50
9
160
155
1%
9%
3%
14
14%
56
120
y
158
1%
•:>;,
10%
100
1*J%
230
Pullman Co
LOO
Reece Button-Hole .. 10
Swift & Co
100
2%
Allouez
2
63% Amalgamated lopperlOO
2
Amer Gold Dredging
1
501
28
a st
;,
28
70
Sa
e
1
501
50]
501
-12% Last
18% 18%
7
-60
l 15
ie
l 16
i«
50
133
2%
*9%
934
3%
14%
1%
3iBi6
*43
25
25
IO
'02
14
134
16%
«49
50
1;;]
131
3 in;'
116 4
*
2
%
*9
*3 34
*43
f.j
i'i
•
L23
1
,
*117
*2%
3
'
1
Calumet
508
&
s~,
25
lleela
1
in
'"
is..
1
50
132
Daly-West
Dominion Coal
117%
Do pref
Elm River
3
9% Franklin
3% Guanajuato
"."3%
13%
13%
20
LOO
LOO
12
25
Consol..
5
Royalc (Copper).
14% 14% 14
15 Miss Consol
'1% 134
*1%
2
Mayflower
Last Sale 4
Jan '02 Merced (Gold)
9
9
9
Michigan
9
45% 45% 45
45 Mohawk
25
143.,
25
1%
25
15
9
9
25
45% 45%
25
5 4
5% *5% 6
5
5
Montana Coal & Coke 25
2% 2%
2% 2 34
2%
2% Montreal & Boston.. 5
"1
1% L a s t Sale 2%
Sep '02 National
25
*1
'1%
1 34
1% *1%
25
1% Old Colony
16
16
16
16% 16
16 Old Dominion (Cop).. 25
55
55
55
55 h
25
55
55 Osceola
•25
25
26
25
!\i> rott(Silv<fc Copp) 10
"4% 5
5
5
•4%
Consol
5
Phoenix
*120 125
•120 125
•120
25
125 Quincy
'2
2
2
2%
2
2
Rhode Island
13-1
13.1
*1% 1 34
sanlaFe(Gold<fcCop) 10
2
-50
/. a s t Sale
50
Apr'02 Santa Vsabei (Gold). 5
"8
9
9%
9
Mill. Ml
10
9
9
155 160 *155 160
25
155
155 Tamarack
*1
1 %
»1
1%
25
cumseh
1%
*93
/. II s t
100
23
Oct '02 Tiinioiinlain
10% 111'.,
10% 10%
Mi
10%
Trinity
:i2
32% 33
mi, d Copper. ..
Isle
1%
ll.
1
.
,
i
21
21
1,
6%
*3%
21
'i
6%
*5S
00
60
4
C3
1
1
*-75
1
203,
!!.
21
21%
1
21
11-,
14%
21
21%
%
•3%
6 "2
4
58
60
*-75
1
*Beforcpay'tot'asoess'tscalledduriugl901.
11
21%
03,J
4%
(i
d Before
s \l nuns \ Ii CtfS
14% Unit States Coal &OU 25
tali Con (Gold trrc4'85
25
6 M Victoria
25
4% Wmona
25
Wolverine
25
1% Wyandot
2
1
I
1
r,34
1
59% 59%
•75
20%
3%
59%
*
-75
4234 Jan
May
80
5
90% J'ne
M ay
10
Jan 265
3% Marl4 159% Jan 190
Apr 8
Apr 28
Apr 26
Mar26
Mar26
Mar26
148
09
_83
307
472
436
202
Apr
9 251
238
189
168
297
J'ly
J'l.V
Apr
Apr
Apr
Apr
248
Dec 200
Feb 170
May 307
102
J'ne
Apr
200% Nov
165 Dec
286 May
148 Apr
173 Nov
135
45 J'ly
96 J'ne
29 May
19%
217% J'ne
173 Nov
231 J'ne
212% Apr
95 Nov
89 Nov
Dec
Dec
Dec
108
132% May
120
61
99 May
173% Aug
99 Apr
1 4 8 % Apr
24% Apr
48
J'ne
Aug 155
152% May 12 150
Aug
624 21 Jan 16 32%J'ly29 20 Oct
57S 73% Oct 24 91 J'ly 29 79% Dec
334 Jan
160
4 Jan 21
9 34 May22
12 21 J'nel9 37 34 May22 28 Aug
25,149 116 Nov 7 135%Mar31 103 Dec
932 115 Jan 4 123 Sep 4 112 Dec
1,054 155
Mar 1 185% Apr 4 151 Jan
435 43 Apr23 17% Jan 7 14 Oct
161 73 Apr 24 80 34 Jan 2 70% Mar
315
3 34 May 5
4% May 6 4 Feb
122% Apr 4 130 34 Apr30 129% Nov
9,172 25 Jan 15 79%Aug20 20 Oct
300
7 Nov
7%. Fly 24
9% Mar27
108 244 Jan 2 285 May
217 Jan
341 117134 Oct 13 3328.4 Apr _ 184% Jau
2,747 37 Oct 7 41% Oct 20
2,202 85% Oct 4 87% Oct
o 170 Jan 2 190 Sep
Fell
L53
80
lioDec
2 Jan 6
3% Apr
87 34 Oct 10 93%J'uel6 88 Dec
4>ay't of assess'ts called
1
during 1902.
34% J'ne
J'na
91
11
33
Mar
Jan
152% J'ne
130
182
J'ly
83
J'ly
May
21% Jau
4% Oct
Aug
Mar
9% Feb
270 Mar
110
39
Dec
288
Noy
3% Mar
48234
Jan
Jan
Apr
99
7%Mar2ii
4% Nov 45
Jan 2 151 A]. r3ii 127% Jan 146
2 34 J'nel9
67 135
10
109 216
1 11
6
J-ly 22
Jan 7
41%Sep
250
23
30
1% Aug] 5
85% Jan 8
117
.Ian
758 16 Jan 2
276 29 Jan 2
200 11% Jan 25
37
s7
Sov
,
May
1
L9%Oct 2
62% Mar25
Ian
5
•72% Marll
"ib'9
S3
92
;
15% Sep 22
49 Jan 2
36%.T'nel9
1,312
Sep 22
\pr'28
80% Jan 22
13% Jan 25
2.-..;
1
2%.Mar 10
.
100
I
7
97% Jan 7
12%Aprl5
26% Marll
rfl8
2
1,845
s4
1
61% Mar25
1% Nov
24
3
m % Jan
bl%Oct
20
1
on".
2
•40
2
J'ly 14
-
Feb
29
Dec
9
1
36
May
3'.i',
5
Apr 21
Mar 6
J'ly 24
Jan 2
3%
sou Dec
Dec
8
Dec
24% Dec
15% Jan
1
Jan
5% J'ne
is
58
2t M
,
.V,
Apr
Apr
Mar
Mar
Sep
43
43% Aug
l%Mar
7% Jan
5% May
\pi 23
Sep
33
Dee
30e.
1
23% Jan
1 535
Dec 860 Mar
•10
A].r 11
12
.Ian 20
12
Dec •22% Apr
Mario 10% Dec 34% May
11 Jan 1
28
34M:iv 3
634 in
8 Aug 13 Feb
22
8
•25
134 Dec 13% Jan
Apr 24
2 .1.111 8
l%Xov 4 Apr
1% Ian 2 2%J'ly s
5% Sep 10 Hl% Mar
67 195 Oct 28 650
Feb
1,535
Feb
91
N,,v
9
.Ian 31
\ pi-
180 20% .Ian 17
20
1',
66% Ans
Dee L29%J'ne
ny 14
Mar27
May
Nov
Jan
Jan
54
66
3% Jan 14 13% MarlO
65
"iei
% Oct
Feb
Aug 4 8
9L>
1 1.,
I
Mar
Jan 44 & 24% Apr 28
1
100
L3%Oot 34 Jan
Dec 82% Jan
Apr
33 May 6
86% J h 01 % May
46
4
36%. ran 41 445%Apr 9
Jan 29 117 Apr 9
89
920
350
Mar
Aug
27 Jan 29 May
5 Mar
2
Not
73 Se]l 137 Mar
30% Feb 4s%Nov
23% Jan 30 Sep
9 May 10% May
74 Jan 83% Aug
\pr 4
Feb28 106% Apr
91
24
Oct
Jau
.I'lvL'l
'••
80 28
1,412
111
198 Jan 225
Jan 23 10% Oct 30
9
5 34 Oct
Jan 9 477 J'ly 28 100 Dec 1 4
Oct 9 27 Jan
Dec 29
25
1,047 100
2 26
in
25
25
10
1% 'on> Mercur l-old.
16% Continental Zinc
25
62% Copper Range Con Col 00
*
14
Nov
10 148
•50
(Quicksilver) 10
loltun (Ltd).
J'ne'02 Catalpa (Silver)
1 34
43.,
18
61% 62%
May
!66
1
9
Sep 2
I
•J
<
Apr '02 Boston
6% British
L9
L8% Centennial
18%
Last Salt 6%
Oct '02 Central Oil
Last Sale •60
Oct '01 locniti Ti-
'16
96% Sep
106
143%.Tan
126 Jan
Jan 27 198 Jan
166%Febl() L60 Jan
295 Feb 6 276 Jan
148 Marl 1 139 Jan
L78%J'lylO 166 Jan
45% Apr24 24 Jan
99 J'ue 6 77% Ja
31 MarSl 13% Jan
254 Apr 28 101 Feb
175 Jau 3 163 Jan
233 Apr 3 223 Jau
217 Apr 4 205 Jan
85% Sep 10 30 Jan
91 J'ly 30 70 Jau
125%Apr23 87 Jan
90 May 4 3 42 Aug
110 Marl 4 98 J'ne
1,010 98%Feb28 113 Au S 26 78% Jan
84 86% Marll 94%Aug29 82 Jan
3 172
Jan 15 178 J'ly 14 172 Nov
95 92% Oct 4 99 Mar 18 92 % Jan
112 Sep 42 117 J'nelO 140 Jan
19% Jan 28 34% J'ly 29 17 Feb
39% Jan 28 55% Sep 4 40% Dec
2
25
1
18
2%
Sm. 2o
Bingham Con Min<fes 50
Bonanza (Dev !o)... 10
1
61% 64%
*49
Oct
•5
"5%
501
*-10
,v.
:i
15
4%
East Boston Land. ..
Edison Elec Ilium.. .100
General Electric
100
Muss Gas temp ctfs.. 100
Do pref
100
188 Mergenthaler Lino.. 100
2'. Mexican Telephone.. 10
Oct '02 N E Cotton Yarn pre! 100
Oct '02 N E Gas &CTrrects.lOO
138 N E Telephone
100
30 Plant Com p new rectslOO
1-2
1%
21% 2L%
14% 15
6%
Last
117%117%
9%
*9
4534
•50
9
% 2L%
21.
14
14
2%
100
10% 10 "2
*ao
32
"24
15
9%
3%
Boston Land
10
Cumherl Telep & Tel 100
Dominion Iron & St
,
7
'131
2 34
.
Atlantic
3
•16
18
131
*2%
•75
*5
'
84%
50% 50%
129
117
28
*6
11*18 1 31 32
*16
63 %
28
'
7
-60
A.mer Agricul Chem .100
Do pref
.100
Amer Pneu Serv
50
.
26
Do pref
50
3 Amer Sugar Retin... 100
118 4
149
Do pref
100
164 Amer Telep & Teleg.100
14% Amer Woo4en
100
78
Do pref
100
24
80
"2%
63
74% Jan 27
438 95%Marl2
179 258 Sep 27
258 xl50 Aug29
8 236 J'nel3
152 191 Jan 2
171 Oct 20
65 297%J'ne20
8 150 Sep 30
52 125 Oct 1
199 Augl2
460 J'ne23
SI
Oct 22
122 142 Jan 24
172 Jan 7
1,769 33% Jan 28
183 92 Jan 13
26 Jau 15
200 210 Jan 31
170 Jan 14
230 Jan 9
175 208%J'nel8
205 68 May20
100 79%Mayl9
70 Sep 42
650 58 Jau 8
40 103 Oct 6
4,706
Miscellaneous
20
•70
3
100
100
100
Rutland pref
100
Seattle Electric
loo
Do pref
100
Union Pacific
100
Do pref
100
Vermont & Mass
100
West End St
50
Do pref
50
Wisconsin Central... 100
Do pref
100
Wore Nash & Roch. .100
152
26 Torrington Class A.. 25
30
29 34
Do pref
25
2
Sep '02 Union Cop L'd & M g. 25
109% 109% United Fruit
100
52 United Shoe Mach... 25
51
3034
30 34
Do pref
25
U S Leather
100
Oct '02
Do pref
100
Urn
Oct '02 U S Rubber
7<S%
Do pref
100
3:114 U S Steel Corp
39%
100
87
87
Do jiivf
.100
80 Sep '02 West End Land.... 2
WVsl Telep & Teles. 100
2 3
27%
99
LOO
Do pref
100
'104% 4HS Westins El <fe Mfg...
404% 104%
50
Do pref
Wining
34 Adventure (Jon..
1834
25
13
*
1
1
pref 1 00
.">()
2
28
30
*3
*
2
20
"Y>%
*6
28
100
108
108
13% 19
2% 2v
02% 63%
3
63% 64 34
1
6% "*5% 6%
500% 500%
500 500
'•111
12 h *10 -12%
L9% 19%
19% 19%
H
"10% 11%
10%
10% Am Zinc Lead
•23% 24% Last
25
Oct '02 Anaconda
434
434
*4%
Orcadian
"% 1
Last Sa le 60
Oct '02 Arnold
14
25
5
7.'.
3
105
18% 20
23%
*22
*29
•75
*22
Last Sale
100
•104
»104
105% 107
3
8~"_
"27
28
100
105
39%
39
87
-90
28
100
9934
64%
2%
64
t
*11
88%
*
28
20%
*2%
40
87
108
110
20
2'i
39
>
88
•90
-90
*
31
57
57
Oct '02
Oct '02
Sep '02
i'52"
Last Sale
2
108%110% 109% loo'..
*17% 18%
*55
95%
10
154
*29%
"29%....
'
2
*137
30
-228
35
10
151
-26
159
26% 26%
W
F
H
a
H
M
O
1S8
2%
Last Sale 8734
Last Sale 4%
88
'
*29%
2% 2%
110% 110%
52% 52% 52% 52%
31
31
30% 31
*2%
'188%190
190
*2%
138
35
233
•29%
111
104%
118% 12034 116
119% 120% 119% 120
118
163% 164
163% 165
164
14
14% 14%
14
14
78
78
77% 78
77%
4% *4
4% 4% *4
4%
Last Sale Z25% Oct '02
125
59% 58
59
61% 58
58 34
*7% 7%
7% 7% *7%
270 270
270 270
265
269%
185 186 Hi 184 184% 184% 1-:,
38% 39% 38% 38% 38%
33%
8534
85% 85% 85%
85% 86
'188
88
*
*136 a4 138% 138
"29
"29
35
*235 237
233
*10
no
159
155 158
*26
*26
'02
81
148
4%
*4
4
100
100
100
100
Do pref
400
Boston & ProvidencelOO
Cliic JuncRy& U S Y 100
Do pref
100
Con& Mont Class 4. .100
Conn & Pass Riv pref 100
Connecticut Biver...lOO
Fitchuurg pref
100
Maine Central
100
Mass Electric Cos
100
Do pref
100
Mexican Central
100
N Y N & Hart.. ..100
Northern N H
100
81% Pere Marquette
84
Do pref
Oct
94% 95
95
Last Sal e 113
Lastsale 27H
Last Sale 55%
....
78
78
78
125%
228
92
*113
122% 121%12134
*119%120
119% 119%
164% 165
165 165
14
14
14% 14
4
Oct '02
91%
91% 91%
91
174
94% 95
1-22
78
81
84
81
23
*
96%
105
174
23% 23%
81
82%
7% 7%
82% 82%
*0% 8
Last Sale 77
81
91%
*113
23
23
4
'02
3734
105
104% 104% 104 105
103% 103% 103% 103% 104%
*94% 96
.
3734
38
81
148
*113
144
Boston & Albany
Boston Elevated
Boston & LoweU
Boston & Maine
Last Sa l< 1 7
Oct '02
Last Sale 23J
Oct '02 Norwich <fe Wor
210% 210% 209% 210% 210% 210% Old Colony
81
85
•73" 77
"81
83
*104 105
103% 104
91
91%
174 174
-93%.
3734
38
96
97
96% 96% *96
-25
25% Last Sale 26'%
«227
'228 ...
227% 228%
96
26
227% 229
2103s
82
85
71;%
83
*210
*80
143
144,.
t
Last Sale 173*1 Oct
37
96
26
228
95
*25
228
•,
37 y4
3734
373.)
143
148
11
'02
160
Oct '02
Last Sale 380
148
143
143
143
259
155
240
195
240
'
160
143
86% Atch Top & Santa FelOO
Do pref
99%
100
85% 85%
99% 99% 99%
258%259
258%
154% 154% *T54
<k85%
9934
1
01
1
% Ocl
1
4,080
28
15
Ocl 21
43% Marl
15 18% Mar
10,341
1
'."j
J'ly 20
65% Oct 2"
7
4
4
Dec
55% Dec
28 Nov 41 J'ne
50 54 Jau 2 110% Sep 5 32 May 53% Dec
144% 'ne2:; in .i.in 23 108 Jan 120 Dec
Mar
7
100
2 Dec
1% .Ian 10 5% Mar 4
Mar
95
11 %Dcc
25
9% Oct 13 15 34 Feb
Oct
S
2,020
23, cut
4 Dec
9
5%. Ian
56 May
300 11% M av20 25 Feb
18% Dec
3,772 13 (let 13 24% May
11 Jan 3 7%.Sep
283
Mar
l%J'ne
5% Oct
1% Sep 29
Jan
6
4 Aug
4 Jan
3 Jan 6
0(0 d9 Jan 16 </i:s% .MarlO 653., i-Yi, 20 Sep
A 5 d27
.Ian
19% Sep 9 622 Jan 56% Sep
7 Jan
J'ly 25
4 Fen
3
6 Oct 2
4,133
Pi MarlO
4% Dec 5% Dec
1% J'ly 22
Jan
4% Aug
1', Jan 31 50c.
1
Jan 25
170
3
Aug
5% Oct
1% Oct 31 4%MarlO
20 % Dec 3s Mar
16 Si p 26 25 Feb
680 55 AllL'l'.' sic, Feb 1 72 Dec 20 Sep
Apr3H 34 Fell
4 21.
27% Dec 58 Apr
8% Sep
200
3% \i.-i>
5 May 14
3% Fl 1.2",
125 Dec 87 Apr
26 120 Nov 3 147 Feb
Feb
150
3 Dec
1% .I'nel I 3% Mar 3
Apr
2% Dec
15
Feb
1% Sep 17
•50
2 '-Jan
,n -j.
\larl7
50 J'ne
"§95
Aug28 18 May22
9
Dec
130
Feb
62 155 (let 2]
50 50 .Ian 6
3%J'nel8 62% Dec 63 Fell
M'.Ho.ian
Sep
58
.Ian 2
"310 10 net 7
Mar 3 10 Dec 11 J'ne
27
J'ly is
Sep ' "\i% Jail 24" Apr
13%
56
1
8
J'ly
1
.
1
;l
,
1.,
1
1
1
I
;<,
1
1
1
1
1
1
1
1
..
1
1
1
Sep 30
ls%.l'lv21
947
49% J'ly 14 27%
7
4%B j'nelO
100
125
50
ill
12
Jan
1
1
Jan 14
Jan 21
"Bid audasted prices.
!!
6
Fell
(I,
I
61% Sep
1
',
18%
1
20
An si.,
15
J'ly 30
New stock..
I
Dei
3% Maj
l%Dcc
44
1
Dec
Mnv
Assessment
37 v
Mar
12
Sep
10
73
Feb
sop
2% Feb
paid.
4
5
NOYKMBEB
BONDS
BOSTON STOCK EXCH'GE
Trice
Nov
7
—
A
A
US'.,
99
13
984 99
Dec '01
101 34
91 34
91%
104 Hi Apr '00
a Apr '01
120 4
101*4
i'o
ibo" i.03%
3
91 34 99»4
99%
Apr '02
104
104
Sale
99
81
Oct '02
1199
1180
80
.
118
105 4 J'ly'02
99 Oct "02
100 J'ne'01
138 Sep '01
125 4 Aug' 00
87
87
1013s.
83
35 56
118
99
85
101
1074 Oct '02
97
9Sh 97
1274 Oct '02
1274
12612
1304 J-ly-02
108
97
108,
103
1034
105
109*" 110
99
109
109
107% 108
135
135
11
734
Tuesday
Nov 4
Wednesday
Nov 5
'
74
122
29*4 2934
4
*4
284 284
244 24 4
•734 74
764 77
32
32%
28*4
24*4
734
744
32
144 *13 34 14
107%
100%
1104 111*4
1354 139
all
105
113
91
110
118
79 4 Sale
794
FA
FA
100
98
105
100
101
108
(For Bonds and Inactive
Stocks see below)
tHt
1024 104*4
52
104
105
103
107*4
106
104
69
104
105
105
107 34
10934
107
100' 8 10234
12341284
107
105
100
102
105
'01
'02
101*4
IO334
107
102- ,1()3%
!
104*4
'02
Oct '02
J'ly -02
1134
100
1064
Sep
100
1004101
107
108
104*.,
104*4 Aug'02
1033, Oct '02
104*4
103 410334
103 34 106 4
104%
87*4 J'ly '01
11934 Mar'02
ii9*-'
Trust Co.
119*4
ctfs.
Weekly, Yearly
Daily,
Mange Since January
1902
Sales
3534
88
104
103
L3
105^
If
844
585
Mar'02
104% Sale 104 v
130 34
30*4
124*4
1064
105%
20% 244
Oct '02
Friday; latest bid and asked.
01
118
115*4
79
J'ne'02
108 34 J'ly
102 34 Oct
.
No price
118
Oct '02
Mar'02
lo:. M 4
95
111
794
124*4
105
100
102
97*4
108
111
104
128
w
106
104
994
84
92
103
1165% Oct '02
104 Apr'02
105 Feb '02
1034 Oct '02
Oct '02
Oct '02
It 4 Oct '02
May'01
112
100% Oct '02
MS
»
98
1024
101
KY&N
Boston Bonds.
104 a4 106
II434
123*4 126
113
31*4 Sep
214 J'ne'02
H86
104
102
100% 102
132% 1334
11
'02
104
102 4 Sale
High
Lov)
23 101
113
123*4 123 4
99 Oct '02
91'
90
92 34 May'02
110 4 j'ne'02
1114 Oct '02
104 Oct '02
128 J'ly '02
105*4 May'01
118 Sep '02
.
.
No
101
101
113
Sale
109
111
105
January 1
'.
132% J'ne'02
IO434 Oct '02
984
M
Exchanges— Stock Record,
Friday
Sale
S3
Hii/h
101
101
Range
lor Previous
Year (1901)
1
Week
Highest
Lowest
Shares
Highest
Lowest
27 34
23 34
73
M
77
70
a
47%
4734
9
814
47 3
27 34 2734
2334
23 34 24
184
72% 72%
73
74
'72
5*4
z79% 80
474 4734
>•
4
8* 5 18
*184 18*4
33% 33«,ft
-43% 43%
*384 3834
8% 94
184 184
32 4 33%
9
18*4
334
43% 43%
43*4 43146
38*,« 38% 6
47*4 47%
38% 38%
474 47 4
33*16
47*4 47*4
L14
113 34 U334
114
113
PHILADELPHIA
Bid
Inactive Stocks
American Cement
10
9
50
American Railways... 50
Bell Telephone
50
Cambria Iron
50
<fe
Steel
53 4
70
& Trenton
10
Coke. 100
""'3**4
Preferred
Electric... 50
95
o »
85
Electric of America.. .50
Elec Storage Batt
100
Preferred
100
Germantown Pass
50 145
Harrison Bros pref. ..100
Hestonv Man<fc Fair. .50 48
Preferred
50
Indianapols St
loo
Inter Sni P <fc Dynam..50
Lit Brothers
lo
10%
Little Schuylkill
50
61
Miuehill & Schuyl H 50
66*4
Nesquehonlng
50
N Haven Iron & Steel. ""5 4
North Pennsylvania. .50 109
Pennsylvania Salt
50
Pennsylvania Steel.. 100
50
Preferred
100 100 34
Phila C01 Pitts) pref. ..50
49%
Phil German A N orris. 50 173
Phila Traction
50
98
Railways General
43j
10
Susqueh Iron & Steel..
2 34
Tidewater Steel
10
5
United N J RR & C.. 100 282
UnitPow & Trans. ...25
United Trac Pitts
50
Preferred
50
51
Warwick Iron <fc Steel. 10
6
West Jersey & Sea Sh 50 70
Westmoreland Coal... 50
80
.
.
Bid and asked prices
113
314
72
31 34
54
54
794 80
47% 47 4
8% 9
184 184
31i6i6 32ii 16
43 4
434
37isi 6 3715,6
47 4 474
113 1134
PHILADELPHIA
94 Al Val E
•
74 4 Sep 18
125*4 J'ly 29
804 Pennsylvania RR
50
47% 47% Philadelp'a Co (Pittsb) 50
2,083
2,287
9
Philadelphia Electric. 25 19,001
9*16
17% 18 Phila Rapid Transit ... 50 4,258
32*4 324 Reading
50 34,255
Do 1st pref
583
50
43% 43%
*38
Do 2d pref
384
50 1,150
47
47 4 Union Tracton
50 4,192
113% 1134 United Gas Impt
50 1,349
•30
33 WelsbachCo
100
md
PHILADELPHIA
Ask
119
110
90
120
115
95
125
Ry (Ind) con 5s '33
Ry 1st con 5s 1932
110*4
115
984 98 34
46
Maris
1
Apr 28
17
50%Apr30
94 Sep 19
3
84J'ne26 18% Oct
26% Marll 393 ,6 Sep
40
30
32
54 34 Sep
18 4 Mar
Dec
14
%Dec 2% Jan
3 Mar
4 Apr
8
Mar 31%J'ne
204 Dec 384 Apr
1534
Feb
80*4 J'ly
62 4 Jan
79% Apr
39-% May
40
284 Jan
3% Dec
1
*4Dec
Jan
69
May
40 34
Jan
Dec
Sep
85
3 4 Jan 27
4*4
12 4 Jan
344 Jan
3
100*4 10034
19
Chas
Bid
Ask
Ry G & El 5s '99 M-S
91
119
92
Charl C &
2(1
A ext 5s
.
'09 J-J
1910 A-O
Sub 1st 5s. .'22 J-D
Sub(Was)lst 5s'48
7s
City <fe
City
&
125
118
108
108
126
Col&Grnv 1st 68.1916 J-J
Terminal 5s g 1941. Q-F
1254 126
Consol Gas 6s. ..1910 J-D
5s
1939 J-D
Ga& Ala 1st con 5s '45 J-J
Ga Car & N 1st 5s g '29 J-J
Georgia P 1st 6s. ..'22 J-J
GaSo & Fla 1st 5s 1945 J-J
W & B col
tr 4s '21. J-
112
115
113
117
70
......
.
.
1644
345
100
50
100
82
350
104
13*4
7
14
384
40'-.
7 34
"
.
. .
-
G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 M-N
Knoxv Trac 1st 5s '28A-0
LakeR El 1st gu5s'42M-S
MetSt(Wash)lst5s'25FA
Mt Ver
98
100
112 4
Cot
Duck
1st 5s.
Incomes
New Orl Gas 1st
114*2 116
98
120
113
114 34
111
126
115
50
37*4
100*.
116
504
37 34
1014
79 4
394 40
Norfolk St 1st 5s '44. J-J
North Cent 44s 1925 A-O
J-J
6s 1904
Series
J-J
5s 1926
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
Seaboard L 4s 1950 A-O
Seab 6k Roan 5s 1926. J-J
South Bound 1st 5s.. A-O
123
123
108
105
110
105
A
A
1
WesVa C&P 1st 6g'll J-J
106
115
1114
1184
117
79
Wil
& Weld 5s.. 1935. J-
125
125
116
117
115
85
114
111
119
'"04
84»4
94% 95
684 684
106
113
116
111%
114
97
99
Fund debt 2-3s 1991. J-J
West N C con 6s 1914 J-J 119
iis"
121
1134
111 34 112*4
5s.. Var
Npt N&O P 1st 5s'38 M-N 105
UElL<fePlst44s'29M-X
106 107
12134 122 4 Un Ry & El lst4s '49 M-S
J-D
Income 4s 1949
111 1114
Va Mid 1st, 6s 1906..M-S
113
2d series 6s 1911. ..M-S
118*4
3d series 6s 1916...Ms
4th ser 3-4-58 1921. M-S
118 119
5th series os 1926..M-S
121*4 122
100 100 4 Va State) 3s new '32. J-J
117
105
28% Dec
41% Dec
Jan
M 7s 1911
J-D
CouM 6sgl911....J-D
Ex Imp M 4s g '47. A-O
Con M of '82 4s '37.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
May
8% Feb
54*4
BALTIMORE
Ask
<fe
P
Feb
Apr
1
Mar 6 45 4 Sep 3
Jan 14 40 5 l6 Sep 10
Jan 6 48 34 Oct 3
Trust certifs 4s
714
71
P & E gen M 5 g '20. A-O 119
Gen M 4s g 1920.. A&O
Ph Read 2d 5s '33. A-O 1274 129
Con
7% Jan
84 Feb
16
81
32 4 Dee
24%J'ne 37 Jan
1014May28 126 Feb 8 113 Sep 128 4 Jan
24 Jan 31 404May29 38 Dec 55 Apr
Bid
Income 5s
2862. A-O
BALTIMORE
Eq II Gas-L 1st g 5s 1928 108
Inactive Stocks
1474 H & B Top con 5s "25 A-O
Atlanta & Charlotte. 100
Indianapolis Ry 4s. 1933
864 874 Atlan Coast L (Conn)lOO
Lehigh Nav 44s '14. Q-J 1104 1114 Canton Co
100
105 34 Georgia Sou <fc Fla...l00
RRs 4s g
1914. Q-F 104
Gen M 44s g. 1924. Q-F 111
1st pref
100
12*4 Leh V Cist 5s g '33.. J-J 108
108 4
2d pref
100
Leh V ext 4s 1st 1948. J-D 115 120
G-B-S Brewing
100
2d 7s 1910
M-S 121
Mt Vernon Cot Duck.
124
Consoles 1923
J-D
Unit Elec L <fe P pref. 50
Annuity 6s
140
J-D
"*6
Leh V Trac 1st 4s '29. J-D
83
Bonds
110
Nat Asphalt 5s 1951. J-J
Anacostia & Pot 5s
8
6
Atl& Ch 1st 7... 1907 J-J
New Con Gas 5s 1948 J-D
55
Atl Coast L(Ct)ctis 5s J-D
Newark Pass con 5s 1930
1014 NY Ph& No 1st 4s '39 J-J
Ctfs of indebt 4s
103
J-J
50 4
Income 4s 1939. ..M-N
BaltCPasslstSs'llM-N
91
176
Bait Fundg 5s. 1916 M-N
No Penn 1st 4s '36. .M-N
98%
GenM 7s 1903
103
Exchange 3 4s 1930 J-J
J-J 102
5*4 Penn gen 6s r 1910. .Var 1174 118
Refunding 3 4s 1952 JConsol 6s c 1905.. Var
Bait A P 1st 6s m I'll A-O
2%
108
54
Consol 5s r 1919. ..Var 120 1214
1st 6s tunnel. .1911 J-J
Penn & Md Steel con 6s.
Bait Trac 1 st 5s '29 M N
Pa & N Y Can 7s '06. J-D 112
No Bait Div 5s 1942 J-D
Con 5s 1939
Convertible 5s. '06 M-N
A-O 110
52
Con 4s 1939
Central Ry 6s. ..1912 J-J
A-O 98
64 Penn Steel 1st 5s '17 M-N
Consol' 5s.. ..1932 M-N
People's Tr tr certs 4s '43 1044 105
Ext<fc Imp 5s. 1932 M-S
P Co lst& col tr 5s'49 M-S
111
Chas City Ry 1st 5s '23 J-J
no sales on this day.
Jan
304J'ne
9 34
554Augl9
7334 Jan 14
7934
Phil Elec gold trust ctfs
1% Con Trac of N J 1st 5s. '33
3% E & A 1st M 5s 1920 M-N
Elec & Peo Tr stk tr ctfs
934 Elm & Wil 1st 6s '10. J-J
4 Sep
50
50
pref
Jan
24% Jan
34 34 Align
17
65 34 J'ly
Jan
58
884 Jan 1064 Deo
50 1,512 23 Mayl7 294 Sep 23
284 Cambria Steel
23% 24 Consol Lake Superior. .100 3,274 21 4 Oct 13 36 Apr29
73
100
676 664 Jan 3 80*4 Apr 29
73
Do pref
72*4 72% Lehigh Coal & Nav
50 1,445 71 Apr 15 7934 Sep 9
32
32 Lehigh Valley
50 2,235 31 Oct 29 38*4 Jan
100 1,952
54 54 MarsdenCo
2% Feb 3 5iii 6 Oct
'%
50
4 National Asphalt
4 Sep 15 lhe Feb
*34
* Sepl3
1
Do pret
50
2 4 J'ly
4
Bonds
ext 7s 1910 A-O
Asphalt Co 5s 1949 tr ctfs
3
53 4 Atl City 1st 5s g '19. M-N
Balls Ter 1st 5s 1926. J-D
48**4 Berg&EBrw 1st 6s'21 J -J
Bethle Steel 6s 1998. Q-F
Cit St
Col St
Steel...
.
Ask
490 624 Jan 28
50 104 Jan 7
2,950 2334 Jan 24
700 44 Apr 2
600 13 Oct 13
27 34
Che & D Can 1st 5s '16 J-J
52
51
Choc & Me 1st 5s 1949 J-J 115 4
Ch Ok & G gen 5s '19 J-J 110 110*4
Central Coal APreferred
100
Consol Trac Pitts
50
Preferred
50
Danville Bessemer... 14
Diamond State
American Alkali
27%
31% 324
O
32*4
'4
Do
f
Q
28*4
24*4
733^
100
734 73*4 Consolidated Gas
122 123 Northern Central
50
29
100
29 4 Seaboard Air Line
47*4
Do pref
100
,47
*13 34 14
United Ry & Electric. 50
Philadelphia
>4
*4
81*16
81% 81%
*
29 4 29*4
47
47 4
47*4
5*4
Easton Con
73*4
47*4
1
Amer Iron
73*4
14
4734
Camden
4
101
111
111
100*8
MS
Marl934 Spl
Old Colony Tr Co recta
Kan C & Ry & Br 1st 5sl929 A-O
Kan CSt Jo & C B 1st 7s.. 1907 J-J
LR&FtSmldgr 1st 7s... 1905 J-J
Maine Cent cons 1st 7s... 1912 A-O
1912 A-O
Cons 1st 4s
Marq Hough & Ont 1st 6s. 1925 A-O
Mexican Central cons 4s.. 1911 J-J
Jan 1939 J'ly
1st cons inc3s
Jan 1939 J'ly
2d cons inc 3s
1929 J-J
Mich Teleph cons 5s
Minne Gen Elec con g 5s 1929 JJ
New Eng Cot Yarn 5s 1929 FA
New Eng Gas & C 1st 5s. 1937 J-D
1906 A-O
New Eng Teleph 6s
1907 A-O
6s
1908 A-O
0s
1915 A-O
5s
1905 J-J
Eng 1st 7s
1905 J-J
1st 6s
1924
Old Colony gold 4s
Oreg Ry & Nav con g 4s. 1946 J-D
1922
Oreg Sh Line 1st g 6s
Repub Valley 1st s f 6s. ..1919 J-J
1902 M-N
Rutland 1st 6s
Rutland-Canadian Ist4sl949 J-J
1930 FA
Seattle Elec 1st g 5s
1918 M-S
Torrington 1st g 5s
PacRR&lgrg4s.l947 J-J
Union
1911 M-N
1st lienconv 4s
1903 M-N
Vermont & Mass 5 s
West End Street Ry g 5s.. 1902 M-N
1914
Gold 44s
1916 M N
Gold debenture 4s
1917 FA
Gold 4s
Western Teleph A Tel 5s. 1932 J-J
Wisconsin Cent 1st gen 481949 J-J
Wisconsin Valley 1st 7s. 1909 J-J
Nov 7
6'
120
29% 294
47% 47%
294 294
"13% 144
8%
Nov
Ask Lmo
101
101
A-O
A-O
A-O
J-D
M-N 123
M
Income 5s
ACTIVE STOCKS
Thursday
J-J
Since
Last Sale
Baltimore
73 34 7334
124
73 34
*
4734
*
Per Centum Prices
Slinre Prices
Nov S
110
110 '4
addition to the purchase price tor
Philadelphia and Baltimore Stock
— Not
is
136 Oct '02
136 138
9434 tie 9334 96%
94 io
94
94% Oct '02
96%
94*4 Sale
Note— Buyer pays accrued interest in
994
109
107=8 Oct '02
100% Mar'02
lll l4 May'02
135 4 1354
4
132
131
1034 107
103 4
994 994
MS
MS
MS
101
109*4
114*4 115
Apr'02
115
1013,
1274
109*4 Mar'02
.
90 4
128 34
108
108
109 l4
108^
1094 1084
100
1074 110
.108
97
10S
108
824
121*8
102 1044
107 4 108
100 101 '»
106 34 1084
12 99 100*4
99 4 1024
W
W
99i«
10541054
110 Apr'01
103 ' 8 Oct '02
108 14 Oct '02
100 *4 Oct '02
1063, Oct 'O'J
99
99 4 Oct '02
100
M
Monday
104
18
1013s Oct '02
87
MS
;
99*a
1154 Aug'Ol
99
78
118
1910
deben 5s
Non-convert deben 5s... 1913
7s. .1917
la Falls <& Sioux C 1st
Kan C Clin & Spr 1st 5a. ..1925
KanCPt S ifcGulf 1st 7s..l9os
6a
1928
Kan C Ft Scott <fc
1934
Kan C M & B gen 4s
Illinois Steel
or
/,'ttnge
Nov 7
Bid
loo
Range
Week's
Price
Friday
Hii/ It
31
99% Jan '02
»
V
7
99
119
91*2 92*2
.
W
arii
98*8
101
1905
Bost ifc Hon 3d issue 7s.. 1904 M-N
Boston Terminal 1st 34s. 194 FA
Boston United Gas 1st 58-1939 J-J
1939 J-J
2d 5s
1918 J-J
Bur&MoRiv ex 6s
1918 J-J
Non-exempt t;s
Sinking fund 4s
1910 J-J
Butte it Boston 1st 6s.... 1917 A-O
Cedar Rap A Mo R 1st 7s. 1916 M-N
1909 J-D
2d 7s
Cent Vermt 1st g 4s.. May 1920
1903
ChicBurl&Q 1st 7s
1919 A-O
Iowa Div 1st 5s
1919 A-O
IowaDiv 1st 4s
Debenture 5s
1913 M-N
Denver Exteu 4s
1922 FA
1927 M-N
Nebraska Exten 4s
1921
B<£ SWsf 4s
Illinois Div 3 48
1 949 J-J
Joint bonds See Gt Northern
Chic Jc Rv A Stk Yds 5s .1915 J-J
Coll trust refunding g 4sl940 A-O
Ch Mil A St P Dub D 6s.. 1920 J-J
Ch
A St P Wis V div 681920 J-J
Chic A No Mich 1st gn 58.1931 M-N
Chic &
Mich gen 5s
1921 J-D
Concord <fe Mont cons 4s. 1920 J-D
Conn & Pass K 1st g 4s... 1943 A-O
Current River 1st 5s
1927 A-O
Det Gr Rap *
1st 4s... 1946 A-O
Dominion Coal 1st 6s
1913
Eastern 1st Sold 6s
1906
Fitciiburg 4s
1904 M-S
4s
1927
FremtElkit Mo 1st 6a.. 1933 A-O
Unstamped 1st 6s
1933 A-O
Gt Nor C B iVr Q coll tr 4s 1921 J-J
Registered 4s
1921 Q-J
it
99
FA
Improvement 4s
Ja n
se
High No Low
Ask Low
99 Sale
98 4 99
Nebraska 1st 7a.. 1908
Atcii
Ateii Toj> A S Pe gen g4s.. 1995 A-O
J'ly 1995 Nov
Adjustment a 4s
1907 J-D
Boston it- Lowell 4s
1944 J-J
Maine 4 4s
Boston
^
1023
BOSTON STOCK EXCH'GE
Week Ending Nov 7
since
or
Last Sale
7
Bid
1
Nov
J
BONUS
Range
TTeefc's
Range
friil at/
Am Bell Telephone 4s 4s. 1908 J-J
929 J-J
Am Telep A Tel coll tr
MS
Saturday
J
Boston Bond Record
8, 1902.]
Week Ending Nov
.
115
120
.
"
.
..
.
..
.
,
THE CH&ONICLE.
1024
[Vol.
LXXV.
Iwrjestmmt ami ^axkuail %ntz\\x%tntt.
VWA^^IVW^^MWA
RAILROAD EARNINGS.
shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
The following
table
Latest Gross Earnings
ROADS
Week
or
Current
Month
Year
Previous
Year
Latest Oross Earnings
July 1 to Latest Date,
Current
Year
BOAD3
Previous
Week
Year
or
Month
Current
Year
July 1
to
Latest Date.
Previous
Year
Current
Year
Previous
Year
+
$
$
$
190,628 Mexican South'n 3d wk Oct
291,177
233,711
15,164
18,705
5.359
722,746 Mi lien & So' w'n. August
2,925
7,702
3,812
154,773
47,550
137,528
44,331
Mineral Range.. September
532,566 Minneap A St L. 4th wk Oct 118.806 115.424 1,336,467 1,251,223
41,000
604,808
40,000
262,565 MStP A S StM. 4th wk Oct 237.140 220,581 2.669,641 2,135,002
278,695
20,000
20,000
243.814 Mo Kan A Xexas^ 4th wk Oct 717,103 639,316 6,265,016 5,992,236
17.000
321,432
22,000
Inc. 68,930
Inc.
,347
Mo Pac A Iron Mt 4th wk Oct 1,349,000 1,364,000 12,918,965 13,070,859
621,300
408,485
535,971
614,775
44,000
59,571
58,731
48,000
Central Branch tth wk Oct
16,351
16,285
Ann Wash A Bal. Augusfc...
8,592
8,195
Total
!tn wk Oct 1,397,000 1,408.000 13,327,450 13,606,830
73,471
53,276
3,138
Atch Top A S Fe. September 5,141,070 5,012,230 14,596,063 14,716,803 Mob Jack & K C Wk Nov 1
4,090
481,934 Mobile* Ohio..< September 595,268 474,001 1,711,883 1,469,766
533,546
Atlanta & Char.. August
264,605 235,977
147,473 Nash Ch & St La 4th wk Oct 273,913 244,547 3,036,319 2,611,882
179,583
Atl Knoxv A No. September
59,476
53,977
26,904 Nat'l Ry. of Mex 4th wk Oct 279,652 195,861 3,019,171 2,391.932
53,973
Atlantic A Birm. September
8.8G0
17,751
43,997
55,037
17.356
Atl Coast Line... September l\ 546,181 (1177004 <4, 113,505 <3,488.576 Nev-Cal-Oregon September
24,715
235,045 Nevada Central.. August..
3,94^
6,588
6,777
269,977
Atl Vald A West. June
21,384
3,681
19,325
20,238 N Y C & Hud Riv October.
26,275,019 26,337,552
SL.. August....
21,879
Bait <fe Ann
10,797
6,799,355 6,915,318
9,799
350,061 490,768 1,096,121 1,605,809
September 5,461,691 4,997,338 16,188,073 14,706,286 N Y Out & West September 105,573 224,084
731.548
369,288
N Y Susq A West September
393,874 Norfolk A West'u 4th wk Oct 577,703 554,750 6,708,019 5,840,230
416,094
Bangor & Aroost September 154,514 150.158
5,566 Northern Central September 705,013 761,019 2,015,270 2,110,570
5,490
Bath & Haminou August
3,172
3,084
47,043 North'n Pacific.. September 4,439,010 3,852,037 12,234.918 10,736,625
51,756
Bella Zanes A Cin September
18,578
16,208
173,171
150,573
14,169 Nor Shore tOal).. September
14,734
42,378
Bellefonte Cent') September
5,422
50,566
5,029
Bridgt & Saco R. September
13,486
12,887 Pacific Coast Co. .-September 500,090 519,911 1,552,078 1,375.321
4,296
3,321
24.416
25,007 Penn— EastPAEe September 9,822,750 8,701,950 29,701,243 26,267,643
Butt Attica & Arc Mav
2,704
2,582
Inc. 1,6 66,200
Bull Rooh & Pi eta 4th wk Oct 238,925 207,741 2,589,789 2,362,503
WestP AE.§... September Jnc. 74 5,900
200,679 Pere Marquette 4th wk Oct 294,423 277,790 3.536,439 3,335,366
Buffalo A Susq... September
230.689
88,644
74,158
No May
1,038.264 1,309,398
Burl C Rap &
526,223 704.339
399,700 399,772 4,959,604 4,559,003 Phtla & Erie
August
Canadian Pacini 4th wk Oct 1,347,000 1,210,000 14,568,286 12,816,433 Phila Wilm AB.. September 1,086,590 1,006,590 3,290,095 3,056,095
3,053
4,428
26,773 Pine Blf. Ark. R... August
Cane Belt
24,630
58,807
1,653
September
13,499
2,257
Cent'l of Georgia 4Jk wk Oct, 278,205
277 523 3,056,788 2,554,601 Pittsb C C & St L September 2,073,503 1,829,236 5,868,267 5,306.170
Oent'lof N Jersey September* 997,552) 1,443!846 3,227,018 4.423,180 Pittsb & West'u. March
326,491 367,798 3,210,005 2,910,210
Central Pacific.. August
1,853,768 2,026,285 3,793,438 3,875,091 Plant System—
Chattan South'n. 3d wk Oct.
38,230
30,311
2,142
1.837
Ala Midland.
Chesap & Ohio. 4th wk Oct 442,886 520,386 4,690,840 5,869,191
Bruns A W'n. June
706,318 598,739 8,475,502 7,948,363
Chic A Alton Ry. September 873,658 802,694 2,570,418 2,480,970
Chas ASav...
Chic Burl & Quin August
5,171,300 4,979,672 9,791,687 9,460,462
Sav Fla & W.
Chic & E Illinois. 4th wk Oct 234.291 182.464 2,396,068 2,048,843
SilSOcfcG..
Chlo Gt Western. 4th wk Oct 263,519 262,047 2,609,688 2,746,038 Reading Co.—
Chic Ind & L' v .
4th wk Oct 146,219
139,783 1,732,548 1.613,029
Phil & Read.... September 1,939,444 2,435,553 5,852,814 7,208,841
653,821! 6,621,703
Chic Milw & St P September 4,443,216 4,150,493 12,068,681 11,696,590
Coal Air Co.... September 155,316 2,304,214
& North W'n September 4,540,252 4,276,719 12,737,144 12,459,796 Tot both Co's.. September 2,094,760 1, 739,767 6,506,640 13,830,544
Chic
102,4^1
85,419
Chic Peo & St L. August
266.242
232,767 Rich Fr'ksb & P July
85,419
133,929 123,975
102,441
102,029
104,180
Chic R I & Pac September 04278680 »2703337 »11987936 »8,490,868 Rio Grande Jet.. August
52,396
49,496
& O. September 1,206,210 1,083,581 3,121,086 3,050,137 Rio Grande So... 4th wk Oct 19,59
214,571
199,507
Chic St P
20,623
Chic Term Tr RR 4th wk Oct
591,550
546,729 Rio Gr'de West.. June
454,400 449,400 5,341,154 4,908.081
52,818
45,611
429,482
390,069
220,322 202,511
Cln N O & T Pac. 3d wk Oct
101,725
98,791 1,789,823 1,675,161 Rutland
August ..
285,678
384,372
CI Cin Ch & St L. 4th wk Oct 608,064 594,03
6.858,017 6,770,013 St Jos&GrI
99,535 116, i22
September
22,567
11,445
A59,681
Peoria A East'n 4th wk Oct
9 20,720
885,131 St Louis* Gulf.. August
87,184
A28.476
77,805
58.746
59,180
Colorado A South 4th wk Oct 155,060 137,833 2,103,013 1,879,417 StL&NArk
17,069
21,330
September
CcdNewbALau. August
27,120
13,506
24,569 St LA San Frang 4th wk Oct 802.763 757.635 8,274,189 7.296,715
13,726
Ool Sand A Hock 3d wk Oct.
509,531
32,418
25,913
408,538 St L Southwest .. 4th wk Oct 283,274 270,628 2,485,137 2,452,856
535,059
175,504
575,377
Copper Range.... August ..
30,822
12.762
22,157 StLVan ATH.. September 201,001
58,994
411,927
397,138
Cornwall
September
7,325
25,971
31,914 San Ant A A P... August..
233,865 225,205
10,586
376,751
328,858
Cornwall A Leb August
26,172
51,621
37,134
72.880 San Fran & N P. September
128,438 112,863
Cumberl'd Valley September 105,605 ir.2,856
325,235
307,167 Sav Fla & West.. June
7706,318 / 598,739 /'8.475.502 /7,948,368
253,451 249,376 3,759,801 3,443.964
524,600 529,000 6,273,578 6,178,403 Seaboard Air L.. 3d wk Oct.
256,882
261,959
20.428
18,173
SoC AGaExt... May
18,682
14,676
Detroit Southern. 4th wk Oct
42,143
11,220
8,682
38,921
469,000
429,192 So Haven & East. August
203,840
161.893
71,903
57,459
Det A Mackinac. September
68,493
65,300
201.524
202,301 Southern Ind
September
971.745 So Pacific Co b... August
Dul So Sh A Atl. 4th wk Oct
74,888 1,031,483
6,853,384 7,206.523 13,779,678 13,928,200
96,850
73,677
39,376
20,003
36,090
Erie
September 3,511,494 3,561,644 10,3€1,188 10,914,990
Carson & Colo. August
9,222
120.844
Evansv A Indian 4th wk Oct
13,244
141,729
1,853, 768 2,020,285 3,793.438 3,875,091
Central Pacific. August
3.6 4
7,049
6,472
4.936
Evansv A T H
4th wk Oct
47,555
45,515
098,844
532,421
Direct Nav. Co. August
F'rchild & N'r'e'n September
507,660 579,595 1,010,68^ 1,139,549
2,929
2,939
8,888
8,765
Gal Har & S A. August
65,748
71,742
100,696
35,796
Farmv& Powhat September
6,367
5,649
20,853
17,342
Gal Hous A No August
14,702
28,478
32,218
18,730
Ft
& Denv City September 225,719 164,824 679,734 515,268 GulfW. T. A P. August
134,571
128,297
•M 0,380
67,434
69,691
Georgia RR
September 219,459 148,250
415,766
Hous. E. &W.T. August....
30,865
35,577
17,474
99,227
19,366
Ga South & Fla.. September 112,892
354,860
314,628
Hous. & Shrev. August
808,414
25,103
402,146 421,315
741 ,200
Gila Val G A N.. August.
25,516
49,905
52,142
Hous ATexCen August
7,487
3.519
9,515
4,578
Gr Trunk System 4th wk Oct 988,838 933,786 11,150,488 10.380.993
Iberia & Venn, August
285,507
341,686
165,787 147,758
GrTr. West'u. 2d wk Oct,
84,716 1 ,332,604 1,243,470
95,082
Louis'a West... August....
944.983
718,863
334,704 357,794
DetGrHAM.. 2d wk Oct.
25,544
21,403
370,768
333,370
Morgan's L <fe T August
42,577
42,621
15,487
22,320
Great North'n—
N. Mex.& Ariz.. August
73.209
56.141
30,557
40,245
St P Minn AM)
N Y T A Mex August....
October. 4,702,712 4,010,405 15,451,383 12,911,389
607.852
327,839
662,205
328,239
East, of Minn 5
Oregon & Calif. August
72.287
80,538
36,2 4".
27,749
Montana Cent'] October.
174.496 153,003
676,667
645.837
August
Sonora Ry
181,684
201,516
82,669
Total system. October.
»8,559
4,877.208 4,163,408 16,128,050 13,557,226
So Pac. Coast.. August
GulfAShipIsland July. .-130,244
99.643
SoPaoRRCo. August.... 2,290,169 2,449,307 4,555.171 4,699,361
130,244
99,643
568.774
294.075
Hocking Valley.. 4th wk Oct 129,455 129,764 2,077,586 1,842,205
So Pac SS Lines August
528,212
496,752
2112.004
250,603
August
Hous A Tex Cent August
TexANOrl
402,146 421,315
741,200
808,414
Illinois Central.. September 3,602,429 3,425,279 10,351,668 9,984,209 Southern Rallw'j 4th wk Oct 1,257,702 1,187,716 14,235,988 12,667.030
417,848
453,999
Illinois Southern September
13,013
11,923
39,185
35,299 TerreH & Ind ... September 164,527 142,862
147.276
141,829
46,007
50,601
Int A Gt North'n 4th wk Oct 216,901
233.279 1,862,946 1,749,875 Terre H A Peor.. September
Interoc (Mex)
Wk Oct 18 i 03, 400 69,160 1,440,430 1,150,800 Texas Central ... 3d wk Oct. 16,595 18,414 179,593 191,227
Iowa Central
itii wkOct
454.S65 435,672 3,581.882 3,677,646
847,666
75,170
88.434
8 15,060 Texas & Pacific.. 4th wk Oct
31.400
33,000
12,900
11,800
Iron Railway
.. September
September
6,130
18,861 TexS V
18,688
6,327
133,3-3
95,228
Kanawha & Mich 4th wk Oct
L3.477
9,790
40,316
31,209
288,716
352,974 Tifton Thorn. AG May
92,594 1,06! (171 1,018,600
Kan City South'u September r.>r..660 441,744 1,487,970 L.267,580 Tol & Ohio Cent 4th wk Oct
85,693
•110,424
31.5 10
llh wk Oct
410,561
Lehigh Val BR.. September 1,713,624 2,636,902 4,713,703 7V193,494 Tol P A West
36,188
9 1(1,602
813,531
52,938
51,596
Leh Val Coal Co. September 121,661 1,578,351
368,552 4,7(52,(1-5 Tol St LAW.
3d wk Oct
163,793
137,182
Lexing A East'n. August ..
10,874
12,902
48,784
35,729
97,091
67,220 Tor Ham A Bull 3d wk Oct.
Long Island .... September
Inc. 51 ,206
Inc. 78 ,544
Union Pac RR
September 1,637,571 4,240,814 13,163,311 12,313,101
La. A Arkansas.. July
37,119
30,793
37,119
Oreg RR A N
30,793
Lou. Hend.&St.L. September
57,021
70,339
206,319
182,223
Oreg Sh Line.
Louisv A Nashv. 4th wk Oct 1,048,880 956,869 11,401,805 9,968.752 Wabash
4th wk Oct 663,066 600,938 7,436.238 6,705,703
Macon & Birm... September
8,710
36,998
25,1 -1
Jersey A Sea e September 386,608 365,808 1,598.839 1. (95.039
15,538
1,403,903 1.23Man'tee Atir. Kds August...
10,090
12,572
18,608
23.122 Wheel A LE.... tth wkOct L23/7 1115,8 ii
12.941
10.775
58.i ;:m
7.413
Mania & No East August...
30,879
31,965
16,406
Wichita Valley... August
29,719
35,623
:;:;,i 16
15,698
September
L9.676
Manistique
7.950
2.491
22, <;:;:: Wm'sportAN.Br, Augusl ..
Maryland A Penn March
1 95,232
103,500
20,622
19,536
179,255 White Pass A Y'n Istwk Oct.
177,428 2.355,433 2,107.488
(Mexican Central 4th wk Oct !701,832
191.578 16,904,709 5.445,817 Wisconsin Cent.. tth wkOct 21 2. IKK)
29,118
41,276
^"'xicanl-itern'l. September
L.643
542,512 406,222 '1,604,085 1.415,995 Wrightsv A T'n.. September
18,278
sfciLxicanRy
Wk Oct 18 96,400 79,100 1,525,500 1,226,200 Yazoo A Miss. V September 5SS.747 464,71(1 1,535.02 1 ,304,078
$
15,324
45,263
.Time
Adirondack
Ala Gt Southern. 3d wk Oct.
Ala N O & Texa* Pacific.
N O A No East. 2d wk Oct.
Ala A Vicksb'g 2d wk Oct.
Vicksb Sh A P. 2d wk Oct.
Allegheny Valley August
Ann Arbor
4thwkOet
$
12,887
52,918
$
202,216
788,925
—
.
B&OSmL:!
.
.
|
|
. .
.
.
.
.
M
.
.
—
. .
^io^We^thwkOct
...
.
.
.
1
. . .
W
.
AN W
.
W
i
1
& C overs results on lines directly operated.
(Mexican currency, a Includes Paducah A Memphis Division from July 1 in both years, t Results on Monterey & Mexican Gulf are
included from March 1, 1902, but for no part of 1901.
e Covers lines directly operated, including the Bultalo A Alle'y Val. Hi v. tor both years.
b Includes the Houston A Texas Central audits subsidiary lines.
Earnings of the Cromwell Steamship Line, not previously reported, are
(/Includes St. Paul A Duluth lor both years.
now also included.
c Results on Montgomery Division are included in both years.
(iulf.
I These figures are the results on the Ala. Midi., Brunswick A West.. Charles. ASav., Sav. Fla. A West' n and Silver Spring <>c Ua ,v
A From May. 1902.
'/ These tisrures include, besides the St.
L. & S. l<\ proper, Che Kan. City Ft. Scott A Mem.system and Ft, Worth & K. (J.
includes sundry acquired roads. 'Including earns, of the Hancock A Calu. both years, t Including earns, of the Sav.Klor. A West. in both
years, v Includes $251,155 other income in Sept., 1902, agaiust #17,532 in Sept., 1901, and $452,397 and $338,736 respectively from July 1.
j
. .
.
.
November
.
!
THE CHRONICLE.
8, 1902.
Net Earnings Monthly to Latest Dates.— The table follow
and net earnings of Steam railroads
Totals for Fiscal Tear.
In the full-page statement on the preceding page we show
the gross earnings of all roads for the period from July 1
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roads that
These with their dates are
still have their own fiscal years.
brought together in the following.
Latest Grots Earnings.
Bo ADS.
1025
ing shows the gross
reported this week.
A
full detailed statement, inoluding all
roads from whioh monthly returns oan be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of Oct. 18,
The next will appear in the issue of Nov. 22, 1902.
1902.
— Gross Earnings. —
Period.
Current
Previous
Tear.
Tear.
Current
Tear.
Roads.
Jan. lto Aug. 31
Inc.
Allegheny Valley
212,366
Atlanta ft Charlotte Air Line. Apr. lto Aug. 31 1,209,684 1.127,226
Bellefonte Central
Jan. lto Sept. 30
43,189
36,667
Jan. lto Sept 30 10,659,855 12,516.797
Central of New Jersey
Chattanooga Southern
Jan. lto Oot 21
88,765
70,603
Chicago & North- Western.... June 1 to Sept SO 16,737,512 16,372,898
Chicago Rook Island ft Pao.. Apr. 1 to Aug. 31
Ohio. St. P. Minn. ft Omaha. Jan. lto Sept 30 8,526,2S6 7,874,686
883,109
Cumberland Valley.....
Jan. lto Sept 80
802,575
ft Ot. North'n. Jan. lto Oct 31
Manistee ft North Eastern... Jan. lto Aug. 31
Hanlstlqae
Jan. lto Sept 30
4,134,217
228,643
84.371
17.150,378
4,714,799
3.998,000
541,817
29,660,870
874,870
30,535.740
7,306,104
6,107,864
832,950
83,121.119
International
4,113,283
235,869
81,466
Mexican Centralt
Jan. lto Oot 81
14.312.304
Mexican International
Jan. lto Sept 80
4,346,133
Mexican Hallway.....
Jan. lto Oct 18
3,421,500
Mexican Southern...
Apr. lto Oct 21
461,590
Missouri Pacific
Jan. 1 to Oct 31
29,200,730
Central Branch
Jan. lto Oot 31
1,133.533
Total
Jan. lto Oct 31
30,334,263
National BR. ot Mexico
Jan. lto Oot 31
6,318.409
Northern Central
Jan. lto Sept 80
6,061,364
North Shore
293,481
Apr. lto Sept 30
Pennsylvania,EastOfP.&E..* Jan. lto Sept. 30
74,719,119
Inc.
Westof P.
5,006,600
,.... Jan. lto Sept. 30
Fere Marquette
Jan. lto Oct 31 8,188.641 7,599,034
Philadelphia ft Erie
Aug. 31 4,056.683 4,294,114
Jan. lto
Phila. wilm'g'n ft Baltimore. Nov. lto Sept. 30 11,085,868 10,734,368
Pitts. Cinoin. Chic ft Bt. L... Jan. lto Sept 30 16,692,661 15,057,227
Rio Grande Junction
410,516
404,371
Deo. 1 to Aug. 31
St. L. Vandalla & Terre H.... Nov. lto Sept 30
1,985,355 1,844,269
South Haven A Eastern
47,377
39,198
Jan. lto Aug. 31
Terre Haute & Indianapolis. Nov. 1 to Sept 30 1,574,313 1,433,906
Terre Haute & Peoria
491,771
Nov. 1 to Sept 30
506,250
Texas & Pacific
Jan. 1 to Oct. 31 8,800,491 9,225,116
West Jersey ft Seashore
Jan. 1 to Sept 30 3,176,491 8,987,691
Wichita Valley
39.617
46.970
Jan. 1 to Aug. 31
* These figures Include
the Buffalo ft Allegheny Valley Division In
both years. tThe operations of the Monterey ft Mexican Oulf are
included from March 1. 1902.
&E
J
,
Latest Gross Earnings by Weeks.—In the table which
we sum up separately the earnings for the latest
week.
The table covers the fourth week of October and
hows 7*14 per cent inorease in the aggregate over the same
follows
week
last year.
ith week of October.
1902.
988,838
Ohio. Indian'lisft Loulsv.
Chic Term. Transfer
Clev. Cin. Ohio.
ft St.
& Eastern
& Southern
L..
j
|
i
Rio Grande* -.
Detroit Southern.
Duluth So. Shore ft Atl..
Evansv. ft Indianapolis.
Ev ansv. ft Terre Haute
ft
Grand Trunk....
Grand Trunk West
Det. Gr. Hav. ft Milw
w.J
Hooking Valley.
ft
Gt. Northern.
IowaOentral
Kanawna ft Michigan.
.
Nashville ..
Mexioan Central
Minneapolis & St. Louis.
Minn. St. P. ft 8. Ste. M.
Louisville
933.786
129,455
216,901
75,170
40,316
1,048,830
701,832
118,806
237,140
717,103
1,349,000
48,000
4,090
273,913
279,652
577,703
294,423
19,697
802,763
283,274
1,257,702
454,365
85,693
36.188
663,066
123.748
212,000
Chesapeake & Ohio
Chicago ft East. Illinois.
Chicago Great Western.
Intern'i
238,925
1,347,000
278,205
442,886
234,291
263,516
146,219
52,818
608,084
87.184
155,060
524,600
38,921
96.850
18,244
47,555
58,731
207,741
1,210.000
277.523
520,386
182,464
262,047
189,788
45.611
594,032
77,805
137,833
529,000
42,143
74.888
9,222
45,515
129,764
233.279
88,434
31.209
956,869
491,578
115,424
220.581
639,316
1,364,000
44.000
3,138
244,547
195,861
554,750
277.790
20.623
757,635
270,628
1,187,716
435,672
92,594
31,540
600,938
115,841
177,428
59.571
Buffalo Rooh. ft Plttsb'g
Canadian Paolflo
Central of Georgia
Denver
Increase.
Decrease.
$
Ann Arbor
Peoria
Colorado
1901.
ft
Mo. Kansas & Texas
Mo. Paolflo ft Iron Mt.
Central Branoh
Mob. Jackson ft K. City..
Nashv. Chat, ft St. Louis.
National RR. of Mexico.
Norfolk & Weitern
Pere Marquette
Rio Grande Southern
St. Louis ft San Fran
.
Louis Southwestern..
Southern Railway
Texas ft Paoino
Toledo ft Ohio Central..
Toledo Peoria ft West'n.
St.
Wabash
Wheeling ft Lake Erie .
Wisconsin Central.......
Total (46 roads)
1
15,674,530 14,629.665
Net Inorease (714 d. c.L.I
...
* Including Rio Grande Western.
840
31,184
137,000
682
77,500
51,82'
1,472
6,436
7,207
14.032
9,379
17,227
4,400
3,222
21,962
4,022
2,040
55,052
309
16,378
13,264
9,107
92,011
210,254
3.382
16,559
77,787
ft
No.a
Sept.
July 1 to Sept 30.
..
160,401
457,290
59,476
179,583
9
157,357
458,161
53.977
147,478
Atlantic Coast L. a. Sept. ul546,181 ull77,004
Net Earnings.
Current
Precious
Year
Year.
$
$
61,582
56,134
164,320
158,863
20,696
24,011
61,149
52,926
u561,160
u356,963
July lto Sept30....u4113,505 u3488,576 U1360.758 ul0O7,375
Bangor&Aroost'khSept
154,514
150,158
66,663
70,931
416,094
393,874
July 1 to Sept. 30....
157,284
150,137
Boston Rev. B. & Lynn201,218
July 1 to Sept 30....
180,118
48,806
47,347
407,193
354,095
Jan. lto Sept 30....
60,817
60,731
4,296
Brldgt. ft Saoo R.bSept
3,321
1,743
962
13,486
12,887
July lto Sept 30....
5,308
4,851
Buffalo Gas Co. . Sept
32,894
31,189
Oot lto Sept. 30
339,137
303,947
Central New Eng.a.—
149,452
165,002
28,159
July 1 to Sept. 30....
45,498
Oaesap. ft Ohio. a. .Sept. 1,181,846 1,456,053
367,159
605,005
3,390,582 4,302,037 1,033,298 1,751,691
July lto Sept. 80
Chicago ft Alton. a. Sept.
873,658
802,694
316,478
287,021
2,570.413 2,480,970
959,194
July lto Sept 30
916,919
676,943
664,620
208,783
Ohio. Gt. West'n. b. Sept.
201,879
1,879,525 2,008,859
511,894
July 1 to Sept. 30
622,369
Ohio. R.I. ftPaca.. Sept. 4,278,680 2,703,337 1,910,167 1,106,250
July 1 to Sept 30... 11,987,936 8,490,868 5,306,903 3,528,723
144,350
136,588
Chic Ter. Tr ansf b. Aug.
60,970
67,974
284,556
269,535
122,237
July lto Aug. 31....
133,839
68,493
65,300
Detroit ft Maox'caSept.
25,686
17,926
201,524
202,301
July lto Sept 30
68,503
47,551
Fail-child & N. East. Sept.
2,029
2,939
213
1,368
8,765
July lto Sept 30....
8,888
3,632
4,624
6,367
def.316
I armv.&Powh't'n a Sept.
5,649
detieo
20,853
17,342
July 1 to Sept. 30
969
711
FtW.ft Den. City .bSept
225,719
164,824
57,293
50,516
515.268
679,734
179,089
July 1 to Sept. 30
145,789
112,892
99,227
Ga. South, ft Fla.a.Sept.
28,855
23,847
314,628
354,860
96,902
July lto Sept. 30....
89,396
130,244
99,643
45,469
Gulf & Ship Isl. ..a. July
23,688
Inc 51,206
Sept.
Dec 3,666
Long Island
Inc. 78,544
Deo. 85,403
July 1 to Sept. 30....
57,021
26.032
Lou. Hen. ft St. L.. Sept
70,339
13,339
206,319
182,223
July 1 to Sept. 30....
71,695
54,516
Louisv. ft Nashv. b. Sept 2,888.119 2,446,418
936,750
778,595
July 1 to Sept 30.... 8,369,255 7,193,448 2,567,724 2,068,765
M.St.P. ftS.S.M.b.Sept
723,294
566,751
401,560
333,061
941,346
July lto Sept 30.... 1,895,542 1,495,259
777,311
i»230.366 nl94,45 7
StkBh. Ch.&St.L.b.. Sept n746,984 n625,474
July lto Sept. 30. ...ii2222,lll n 1898,629 n723,727 u574,209
Nev.-Cal.-Oregon.a.Sept
24,715
17,356
11,691
9,015
55,037
43,997
24,725
July 1 to Sept. 30....
21,009
N. Y. Chic, ft St. LouisJuly 1 to Sept. 30.... 1.645,022 1.905,607
514,741
402,064
Jan. lto Sept. 30.... 5,006,986 5,488,190 1,452,368 1,361,145
N.Y. Lack, ft West.—
July 1 to Sept. 30.... 1,184,516 2,388,177 def.2,044 1,102,421
Jan. 1 to Sept. 30.... 4,544,611 6,392,977 1,300,278 2,931,619
.
N. Y. ft Ottawa33,285
30,097
6,337
July 1 to Sept 30....
3,488
80,388
73,148
978 def.30.535
Jan. lto Sept 30....
Norfolk ft West'n.a.Sept. 1,740,120 1,456,313
745,465
620,829
July lto Sept. 30.... 5,016,362 4,231,432 2,092,504 1,788,423
761,019
195,313
Northern Central.bSept.
705,019
284,913
Jan. lto Sept. 30.... 6,107,864 6,061,364 1,694,805 1,725,605
519,911
109,486
Pacific Coast Co.. aSept.
500,090
111,912
317,277
1,552,078 1,375,321
307,255
July 1 to Sept 30.
PennsylvaniaLines dlrectlyoperated
East of Pitts.&E.Sept 9,822,750 8,701,950 3,568,310 3,486,510
j Jan. 1 to Sept 30.. ..83,121,119 74,719,119 23,688,366^26,024,366
Inc 745,900
Inc.
129,600
West of Pitts.&E.Sept.
Inc 1,176,400
Inc 5,006,600
Jan. lto Sept 30....
935,169
834,734
278,445
241,163
Pere Marquette. a.. Sept.
Jan. lto Sept 30.... 7,302,937 6,778,952 1,857,049 1,656,933
395,466
367,766
Phil.Wilm.&Balt.bSept 1.086,590 1,006,590
Nov. 1 to Sept. 30. ...11,085,868 10,734,368 8,569,485 3,878,585
j
15,000
4,000
952
29,866
83,791
22,953
16,633
1,026
45,128
12,646
69,980
18,693
6,901
4,648
62,128
7,907
34,572
1,182,865
1.044,865
Sept
July 1 to Sept 30....
Knox,
Year.
$
Ann Arbor. b
Atl.
Previous
138,000
St Lawrenoe & Adir'ck—
Apr. 1 to June 30
Jan. 1 to June 30
St.Louisft N.Ark.bSept.
July 1 to Sept. 30....
56,386
115,465
21,330
59,180
.
Sept. 2,137,752
St. L. ft San F. b
July 1 to Sept. 30
5,994,355
Seaboard Air Line aSept 1,089,446
July 1 to Sept 30.... 2,972,238
W Jersey ft Seash.b Sept 386,608
Jan. 1 to Sept 30.... 3,176,491
. .
.
53,745
10,520
26,709
116,817
34,262
64,788
17,069
10,218
6,340
59,746
27,994
27,847
855,148
1,811,489
817,885
5,257,593 2,306,533 2,268,738
312,384
914,550
320,438
796,967
881,100
2,710,037
96,202
365,808
121,302
879,157
985,357
2,987,691
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deduotln e taxes
u Including earnings of Savannah Florida & Western In both years.
n Includes Paduoah ft Memphis Division from July 1 in both years.
Expenses for Sept. inolude $44,712 paid for improvements on this
division and $109,070 from July 1, 1902.
-
For the month of October 47 roads (all that have furnished statements for the full month as yet) show as follows:
Month of
October.
1902.
1901.
Increase.
$
Gross earnings (47 roads) 54,652,869 51,656,303 2,997,5661
It will
the
Per Oent.
580
be seen that there is a gain on the roads reporting in
of $2,997,566, or 5'80 per cent.
amount
Interest Charges and Surplus.—The following roads, In
addition to their gross and net earnings given in the foregoing, also report oharges for interest, &c, with the surplus
above or defloit below those oharges,
——
).
..
.
.
THE CHRONICLE.
1026
,
Int., Rentals, etc.
— ^—Bal.of Net Earn'gs.—.
Previous
Current
Cent. New England—
July 1 to Sept 30....
Year.
Year.
Year.
$
$
$
$
38,661
N.Y. Lack. & WesternJuly 1 to Sept. 30....
614,477
Jan. 1 to Sept. 30
1,846,767
If 0,387
Nash v. Chat.* 8t.L. Sept.
452,761
July 1 to Sept. 30
213.066
Norfolk & West'n....Sept.
634,160
July 1 tc Sept. SO
N.Y.
Chic. &St.
484,102
618,319 df.612,433
1,866,802 df.546,489 1,075,317
41,948
79,979
152,509
116,680
270,966
457,529
428,668
532.399
192,161
576,485 1,458,344 1,211,938
818,621
933,862
*176,245
*501,099
-89,278
*445,375
2,288
1,200
4,987
1,350
13.510
14,053 def.12/32 def.44,588
6.765
1,875
2,250
9.816
13,794
7,215
18,655
6,070
144,354
115,843
134.091
125,320
557,312
647,779
Jan. 1 to Sept. 30.... 1,209,270 1,099,621
Lawrecce & Adir'ck"3,182
23.943 def.*9,705
20.579
Apr. 1 to June 30....
*22,612
42,262
42,592 def.*7,440
Jan. 1 to June 30 ...
339,200 *436,718
396,866
540,371
L. & San Fran.. Sept.
*751,771 *1,115,962
July 1 to Sept. 30.... 1,599,501 1,166,717
July 1 to Sept. 30....
Jan. 1 to Sept. 30
Nev.-Oal.-Oregon . Sept.
July 1 to Sept. 30....
Pare Marquette.. Sept.
. .
After allowing for other Income received.
Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings received
this week, In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
that week, but onoe a month (on the third or the fourtb
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
in the Chronicle of Oct. 18, 1902, The next will appear
—
Nov.
22, 1902.
— Gross Earnings. —
Net Earnings.
Current
Previous
Current
Previous
Year.
Year.
Year.
$
Roads.
$
$
Brooklyn Heights3,216,894 3,053,801
July 1 to Sept. 30
Bklvn Queens Co. & 8.—
217,253
217,626
July 1 to Sept 30....
99,147
74,858
Gin. Newp. & Cov.aSept.
610,642
806,579
Jan. 1 to Sept 30
37,233
46,051
Lake Shore El.Ry.aSept.
331,874
268,967
Jan. 1 to Sept. 30
Niagara Gorge164,223
44,326
July 1 to Sept. 30....
10,069
Sept.
10,615
Orange Co. Trao
87,212
37,463
July 1 to Sept. 30
71,718
Pacific Eleo.Ry.b.. Aug.
Peeksklll Light
Year.
1,455,577
1,122,804
113,728
49,449
353,761
16,256
116,847
104,130
38,193
246,362
15,3«1
93,723
30,744
5,062
20,936
31,324
128,087
4,546
20,618
12,798
28,674
28,201
28.456
8,054
13,846
886,201
382,977
1,007,391
131,463
345,900
144,007
328,631
13,413
6,108
5,678
Interest Charges and Surplus.—The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &c, with the
urplus or deficit above or below those charges.
— Rentals, —
Current
Previous
Int.,
etc.
-Hal. of Net Earn'gs.—*
Current
Previous
Year.
Year.
Year.
Year.
$
$
1,068,399
1,068,591
*493,469
Oln. Newp. &Oov...Sept.
Jan. 1 to Sept 30
92,968
20,862
189,535
93,234
15,876
141,205
*20,864
28,587
164,246
1,407
22,317
105,157
Niagara GorgeJuly 1 to Sept 30
Aug.
Paciflo Electric
12,879
14,520
13,917
*19,S82
16,804
*1 17,040
lioads.
*165,282
-
Tear.
Tear.
Charleston Cons. Ry.
Gas AEleo.
Jan. 1 to Sept. 30
Van Brunt St. Erie B.—
6,250
53
*1
'4,389
Light
&
& Coving.
Traction t. September
147,406i
132,158
74,858
99,14?
Citlaens Ry. <fe Light
(Muscatine, Iowa)
Oity Elec. (Rome.Ga.
Cleveland Electric .
Cleve. Ely
West. .
Oleve. Painsv. & E..
806,578
610,642
September
6,126
52,815
8,51*
September
31,529
3,508
31,343
September 217,96: 229,789 1,846,568; 1,689,229
September 27,4 3( 30,464 216.935* 189,025
A
September 18.49S 18,822 144,464 124,184
21,06t 17,556
r>art.&W'port8t.Ry August
91,649
82,152
uetrolt United
4th wk Ooi 92,965 82,696 2,871,22* 2,505,939
Detroit & Port
8,833
H utod
8horeLine
4th
Detroit Upslla'ti Ann
Arb. & Jackson Ry.
0aiuth-8up. Tract. i
DuluthSt. Ry.... s
East Ohio Traction..
Elgin Aurora & Sou
Galveston City
flarrlsbnrg Traotior
wk Oct
63,164'
7,912
September
Septembei
September
September
352,423
288,947
38,933
17,792
34,169
8,89.
395,601
335,017
308.24
56,71
275,566
41,021
30,530
46,37b
21,008
37.80)
17,734
May.
10,56.
September 38.390 35,709 345.126 292,982
Iatern'l Ry. (Buffalo) September 315.3L •246,484 2,550,075 2,034,248
Lake Shore Eleo. Ry. September 16,05) 37,233 331,874 268,957
^ehigh Traction
74,71",
6,379 11,688
September
97,051
London St. Ry.(Can.) iSeptembei 18,157 15,033 115,660 106,708
Los Angeles Railway August
120,969
925,0981
Mad. (Wis.) Traction September
6,538
59,33*
Met West 8ide Elev.. September 164.626 132.33' 1.408,181 1,227,677
MU.Elec.Ry.&Li.Co Septembei 255,81b 209,53j 2,001,428) 1,776,849
Mil. Li. Heat &Tr. Co September 35,349
31,549
;
i
j
Montreal Street
Rv
August...
Musk. Tr. & Light. Co
Street Ry. Depart. August
Electric Light Dep. August
Gas Department... August
Nashville Ry
August
New London 8t. Ry September
Northern Ohio Tract September
Northwestern Elev.. September
Oakland Trans. Cons September
Olean St. Railway... June
Orange Co. Traotion. September
Paciflo Electrio
August
Philadelphia Co.}.... September
Pottsv'e Union Trac. July
Railways Co.Gen.—
Roads
8eptembeT
Light Co's
Septembei
Rochester Railway
September
saoramento Electm
Gas* Ry
September
199,405 181,860 1,364,673 1,259.535
11,13'
1,895
2,153
13,817
1,933
2,503
73,07(
7,163
67.492
95,92r
82,116
6,569
10,069
71.71b
1.085,793
.
17,034
61,93',
7,500
59,242
81,098
70,286
5,954
10,615
549,291
58,692
551,899
847,973
483,848
56.245
462,800
736,821
694.507s
25,526) '"23.752
79,624
79,236
938,216 10,108,976 8,8*91.523
19,122
93,197
94,725
26,126
1,903
91,872
20.753
1,602
52.664 39,346
Louis Transit.... Ootiber... 603,403 531,510
22,51'.'
Sioux Oity Traction.. August
20.944
South Side Elevated. Septembei 114,85b 101,941
Springfield (£11.) Con.
Ry
September 18,75: 16,016
Syracuse Rap.Tr. Ry. September 61,164 53,992
Tol.Bowl.Gr.&So.Tr. Septembei 21,974 17,58?>
Toledo Rya. & Light. Septembei 127,639 114,667
Toronto Railway
Wk.Oot.2f 34,423 29,179
Twin City Rap. Tran 4th wk Oct 98.80;' 85,846
Onion (N. Bedford).. August
38,39)
33.106
Union Trao. of I ml. Septembei 85,679 67,663
United Traotion— i
September 132,60) 122,200
Albany City
207,749
15,894
167,159
14,654
349,998 307,309
5,334,660 4,833,401
160,225
138,407
1.042,783
964,503
140,231
122,382
180,850
131,702
959.099
1,069,058
1,467,191 1,336,055
2,969,728 2,609,358
222,26
182,369
703,740
539,245
1,110,489 1,007,391
s
Ven'goPow.&Tr.Co August
Wash. Alex.
&
24,31)
15,728
17.313
15.457
Mt.
Vernon Ry
June
'These figures are for the corresponding period of 1900, as the figures for 1901 were unusually heavy, owing to the Pan-American Exposition at Buffalo.
Beginning with August results for 1902 are for Cincinnati Newport
Light & Traotion Co. Figures for year to date teem also
to have been revised at same time.
t Results now include the Pittsburg Railway Co., operating the Cont
A Covington
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, since
June 1, are for Canton-Akron Ry., Including Canton-Masslllon Ry.
The latter separately earned In August, IbQZ, $26,432, against $19,344
In the corresponding period inl901.
Annual Reports. — The following
*3,774
71,597
214,376
59,702
180,124
*91,299
'163,957
*85,545
*151,953
1,496
1,400
•4,689
•4,351
Railroads. Etc.—
Bangor
The following table shows the gross earnings for the latest
period of all street railways from whioh we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and inoluding such
latest week or month.
an index to
all
annual
companies which have been published since the last editions
of the Investors' and Street Railway Supplements.
This index does not include reports in to-day's Chronicle.
Baltimore
STREET RAILWAYS AND TRACTION COMPANIES.
is
reports of steam railroads, street railways and miscellaneous
Includes other income.
—
38,644
19,197
19,34'
44,090
ANNUAL REPORTS.
&
July 1 to Sept. 30
39,283
Cin.Newp.
6,543
10,842
September
September
September
&
'"htoago
Mil. Eleo.
Cln. Dayton ATol. Tt.
& RR.—
July 1 to Sept. 30„...
Poughkeepsie City &Wapplngers FallsJuly 1 to Sept. 30
United Trac. (Albany)—
July 1 to Sept 30
*
to Latest Date,
Ourrent Previous
Tear
St.
Jan. 1 to Sept 30.... 1,110,489
Van Brunt St. & Erie B.—
13,560
July 1 to Sept 30
Peekskiil Light.
Jan. 1
.
.
& RR.—
July 1 to Sept. 30....
Pougakeepeie CityA tfappingers Falls—
July 1 to Sept 30....
United Trac.( Albany)—
July lio Sept 30....
Brooklyn HeightsJuly 1 to Sept 30
Bklyn Queens Co. & 8.July 1 to Sept 30
Week or M(
Prev'us
$
$
American R'ys.Co.*. September 106,950 82,131 860,237 6€6,293
Athens Electric Ry
8eptembei
4,417
8,880
34,335
27,743
Aur. Elgin & Chic. Ry Septembei 21.451
Bingbamton RR
Septembet t 18,432 18,456 159.7R8 153.114
Br'klyn Rap.Tr. Co.
30d'ysOot 1,037 178 994,189 10,877,689 10,373,734
Borlingt'n (Vt.) Trao September
6,4c
5,520
52,14b
45,185
Canton-Akron Ry..
August... 635,373 619,344 6171,27 6109,356
Cant-Mass'ln Ry.
•
In the issue of
Our'nt
Tear.
s
839.904
976,442
Jan. 1 to Sept. 30....
N. Y. & Ottawa-
8t.
Latest dross Earnings.
Gboss
Earnings.
*8,175
38,961 def.*7,890
L.—
July 1 to Sept. 30
8t.
STREET RAILWAYS AND TRACTION COMPANIES.
Current
Year.
lioads.
Previous
LZXV.
[Vol.
Hullalo
A Ohio
Aroostook
A
A Susquehanna
Pnoe.
;i77
977
U02. 922
904
Chicago & Alton
Chicago Burlington A Qumcy..847, 867
Cincinnati Hamilton A Dayton.... 878
(
n ci n. N. O. A Texas Pac
fcOS
Continental Coal (statement to
987
N. V. Stock K.xchange)
i«04
Cruc ble Steel Co. of America
i
I
Mstullng Co. of America
KrieKR
904
846, 859
979
Kvansville & Terre Uantc
902, 914, 921
Great North >rn
901. 910
Lehigh Valley
Minneapolis* St. Louis
977, 985
DOS
Mobile & Ohio
,
I
Railroads. Etc.— (Con.i—
Nut Orleans*
Northeastern.
Poo*.
804
978
Northern Paciflo
Oregon Short Line (abstract of 4
p.
c ai.d participating gold uiort.) 243
8i7, 862
Pacific Coast
Pullman Company
St- Louts* San Kranolaco
Toledo St. Louis A Western
905
848, 868
879
Stkbkt Railways—
Brooklyn Uapid Transit
Chicago Union Traction Co
847, 863
188
International Tract. (Butlalo, etc.) 648
898
609
Union Traction
Unite* Traotion Co. (Albany, Ac). 664
New York A Queens Co
)
.
November
J
.
THE CHKONICLE.
8, 1902.]
1027
Detroit & Mackinac Railway.
(Report for the fiscal year ending June 30, 1902
June SO, 1902.
(Report for the year ending
President and General Manager J. D. Hawks says in
The animal report of the Board of Directors (Mi-. August substance
Belmont, Chairman, and Mr. M. H. Smith, President), will
General Results.— The past year has been one of good earnings.
be found in full on pages 1035 to 1043 of the Cbronicle, with The small amount of snow, however. Interfered seriously with the
output of various products, and the coal strike in the Saginaw Valley
the most important tables.
entirely the freight
The statistics for four years have been fully compiled for cut off increasing the price earnings on coal for a number of months,
of ooal to the road J
besides
the Chronicle as below:
Maintenance. Etc.—The Harrisville cut-off was opened for business
on Deo. 15, 1901. The effect of the lower grades Is quite apparent in
KOAD AND OPERATIONS.
Louisville
& Nashville Railroad.
:
There were laid 2011 tons of
and several buildings were ereoted or repaired. Seventeen
were built; 126,141 ties were used 12% miles of
miles of fenolng
logging branohes, spurs and sidings were laid. A steel trestle and
girder span, with a total length of 223 feet, has been built over Hale
our passenger and freight business.
Aver, un e9 oper...
Equipment -
1901-02.
3,327
1900-01.
3,169
24,880
Freight, etc., oars...
1898 99.
2,988
557
447
546
450
23,402
21,285
563
456
23,663
589
462
Locomotives
Passenger oars
1899-00.
3,00?
Operations —
6,282,042
6,872,854
5,446.801
Passengers carried. 7,197,018
Pass, carried 1 mile.263,429,527 239.730,479 222,424,321 215.203,228
2-31 cts.
2*23 ots.
2*85 ots.
Rate p. pass p. mile. 2*32 cts.
Freight(tons) oarM* 18,320,972 16,685,466 15,839,470 12,890,835
Fr't (tons) oar.lm.*3072503736 2655984116 2581672886 2280787045
0-769 ots.
0758 ots. 0-729 ots.
741 cts.
Rate per ton p.m.*
Average train load
222
239
216
231
(rev.) tons
Earns, p. pass, train
$1-1097
$1-0598
$0-9947
$1-1475
mile
Earnings p. freight
$1-67
$1-47
$17081
$1-711
train mile
$9,225
$8,842
$7,951
$9,143
Gross earns, perm.
Not Including company's freight.
*
EARNINGS AND EXPENSES.
190102.
$
1900-01.
22,772,176
6,817,803
773,641
634,146
314,491
Total gross earns. 30,712,257
Earnings jrotn—
1899-00.
$
1898-99.
70-lb. rail
;
Creek, replacing a
wooden
trestle.
Motive power and rolling stook have been kept in good repair.
Thirty-one of our old freight oars were equipped with air brakes,
which leaves 250 freight cars yet to be equipped. Our oars all have
automatic couplers. New equipment received during the year: 50
box oars, 25 stock cars, 75 flat cars, 6 oars in passenger servioe and
two 60-ton, 10-wheel freight locomotives.
Extension. - Fifteen miles of right of way on the extension to Cheboygan and Mackinaw were cleared and there appears to be no objection to extending the road during the coming year as far as Cheboygan and possibly to Mackinaw.
Outlook.—The territory along our road is being cleared up rapidly
for farms and oattle ranches. More and more f aotorles are coming In
each year. The largest one for the present year is the plant of Lobdell
& Bailey Manufacturing Co. at Onaway. Tais cost $250,000. and will
manufacture bicycle rims and novelties. They have purchased standing timber enough to give them a supply for 25 years to come. The Alpena Portland Cement Co. oannot begin to fill its orders. The Heokla
Cement Co., with a capacity of 2,000 barrels per day and room to
double this output, is nearly ready to turn out cement. The superior
chemical qualities of the limestone are being gradually reoognized.
The supply on our road is inexhaustible, and the road is bound to
have a large revenue from the freight on stone and its products. All
the newer towns along the road are thriving.
Financial —No bonds have been sold during the year, and all of the
improvements and betterments mentioned have been paid for out of
earnings except that the company owed at the end of the flsoal year
$110,000 in notes, which will be taken care of out of earnings during
$
$
20,419,162
5,742,581
762,184
618,883
479,397
20,699,779
5,238,314
706,008
533,119
565,159
17,100,715
4,905,584
706.3F4
459,665
587,138
23,022,207
27,742,379
23,759,486
Transportation
10,865,177
Maint. of way, etc
4,535,930
Maint. Of eqnipm't.
4,440,252
General
1,061,079
10,253,297
4,356,127
3,995,475
821,652
9,829,736
3,950,839
3,725,673
1,097,159
8,475,886
3.116,762
2,903.048
1,235,892
Op.exp.,exol.taxes. 20,902,438
Lessfre'htonco.'s
*
material
19,426,551
18,603,406
15,731,588
Miles' operated
15.731,588
Operations
250,101
Pass, carried (No.)..
Pass, carried 1 mile
8,777,980
Rate p. pass, p. mile 2-147 cts.
842,092
Freight (tons) car'd.
Fr'g't(ton8)car.lm.. 59,547,341
1-207 cts.
Rate p. ton p mile..
Freight
Passengers
Mail
Express
Miscellaneous
Operat. expenses —
.
1,193,518
20,902.438
18,233,033
18,603,406
(68-06)
(65-07)
(37-06)
(66-21)
9,138,973
8,027,898
P.c. op.exp. to earns.
Net earnings
*
9,789,174
9,809,819
the coming year.
Of the total freight traffic (842,092;tons) forest product?
contributed 72-45 p. c. (610,137 tons), contrasting with 77 88
p. c. (714,310 tons) in 1900 1.
Earnings, The earnings, etc., have been as follows :
earnings, expenses and charges.
—
1901-02.
330
—
Earnings—
Already deducted above.
1900-01.
1901-02.
$
Receipts—
Net earnings
$
1898-99.
243,157
73,676
252.837
20,715
238,181
69,512
227,432
19,727
145,444
52,201
181,923
17,973
580,292
281,900
590,385
275,362
554,852
278,767
397,542
203,899
Taxes.
Miscellaneous
109,500
28,573
30,104
122,000
24,775
14.144
122,000
25,303
118,160
13,109
Total
Balanoe, surplus....
163,177
118,723
160,919
114,443
147,303
131,464
131,269
72.630
540,645
Total income.... 10,810,841
10,493,862
9,789,018
8,568,543
Conduct's transp'n.
General
813,538
4,824,660
46,933
280.143
785,568
4,808.760
29,685
158,167
Total
Disbursements—
T08.&N. A
Miscellaneous
Dividends
Rate of dividend...
Tot. disburse'ts.
Balance, surplus....
" 3,6*41
141,100
71,877
53,464
2,875.000
(5%)
128,900
65,110
53,464
2,695.000
130,270
202,851
50,839
2,112.000
127,186
46.165
48,579
1,848.000
Wo)
8,907,748
1,586,114
8,281,781
1,507,237
7,789,644
778,900
GENERAL BALANCE 8HEET JUNE
1902.
1901.
1900.
121,356,484 120,212,390 114,198,901
981,513
1,014,315
952,975
7,901,165
4,035,268
2,917,297
3,773,540
3,973,290
8,722,678
15,764,178 15.705,178 37,274,934
3,596,679
3,330,095
1,733,669
Material, fuel, eto
2,522,201
2,486,792
2,433,278
Cash
3,248,469
1,812,052
3,645,732
1,140.631
1,543,162 5
off^va^es^::::::::-::;:::? 2,502,275
613,447
I
Sinking funds, etc. IT
1,441,758
203,000
M. & M. bonds account
........
1,099,295
........
Unlisted capital stock
2,200,000
Unfunded diact. aooount
1,344,528
1,346,457
1,397,992
Miscellaneous
2,000,965
1,106,144
739,418
.164,991,989 158,286,635 178,993,506
Liabilities—
Sopp.)1T...
Dividends
Individuals and companies
Pay-rolls, vouchers, eto
Reserve fund
Miscellaneous
Profit
and
loss
Total liabilities
60,000,000 55,000,000 55,000,000
89,605,660 90,284,^60 113,264,660
1,820,563
1,717,498
1,791,606
1,559,974
1,108,891
1,431,303
441,738
640,230
749,138
2,696,986
2,258,527
2,058,692
336.989
298,999
301,670
806,401
825.229
768,788
7,723,682
5,844,043
3,935,913
164,991,989 158,286,635 178,993,506
The decrease In 1901 in the "bonds owned," "stocks and bonds in
and "sinking funds" under assets, and "bonded debt" under
liabilities, is accounted for by the elimination in the 1901 balanoe
sheet of Items given in previous years on both sides of the aocount,
these items amounting in 1901 to $20,854 000; in 1902 the items
amount to $21,411,000.—V. 75, p. 907, 793.
Ti
trust"
Assets—
$
Road
Equipment
4,923,024
760,994
acc'nts.
Tr. Detroit
M. Rv.
first lien bonds
Mat'ls and supplies.
&
,
Stook
CONDENSED BALANOE SHEET JUNE
Col struct 'n
30.
Road, equip eto
Timber, quar. lands, eto
Stocks owned
Bonds owned!!
8tock and bonds in trusty
Bills and accounts receivable
Bonded debt (see Inv.
Interest and rents
Deduct—
on funded debt
Int.
1902.
$
Total assets
Net earnings
(3*2%)
(5%)
8,960,532
1,850,309
Total
735,330
157,383
12,687
otB.
$
206,531
85,555
261,542
23,664
650,045
278,672
1137
601,441
704,688
Other Interest
Rents
Georgia RR. loss...
Other roads loss
Sinking fund (net)
'
833,619
1,001,021
4,814,320
cts.
$
865,747
Expenses—
Maint'oe of way, &c.
Main, of equipment
832,074
4,708,345
1163
ots.
$
143,889
4.822,795
2-706 ots.
654,256
39,187,972
862,192
$
8,027,898
Taxes.
Interest on bonds..
1143
213,021
445,645
132,010
23,786
9,133,973
from lnvest's,
and misoel..
7,669,482
2-525 Ots.
839,755
52.409,110
192,372
30,656
Mail, express, eto. .
9,789,174
rents
312
609,463
196,451
27,705
9,809,820
Inc.
1898-99.
325
644,465
193,171
28,111
Passenger
189900.
$
1899-00.
245,615
8,880,682
2-137 cts.
917,132
56,347,674
$
639,164
Freight
INCOME ACCOUNT.
1900-01.
.332
Coupon account
Current accounts..
& real
estate.
Total
-V.
043,903
30.
4902.
Liabilities—
$
stock
2,00u,000
Preferred stock.... 950,000
Common
Funded debt
208,157
2,750,000
110,000
Matured interest... 46,460)
Audited vouch. .etc. 73,584 >
Taxes and miscel...
19,433)
Profit and loss account
558.471
1901.
$
2,000,000
1«5,000
3,050,000
Notes payable
450,000
58,490
18.05S
46.4B0
82,09a
15,714
49,578
122,150
46.S20
33,398
6,507.997
Cash
Misc.
1901.
$
4,923,024
5,818,781
194,034
439,747
80,4 07
Total
6,507,997
5,848,781
75, p. 849.
Alabama & Yicksbarg Railway.
(Report for the year ended June 30, 1903, J
C
President
C. Harvey says in part:
Of the 142-78 miles of mainjtrack, 127 miles are laid with 601b. steel
rails and 1578 with 75-lb. steel rails. During the year there were
laid in main track 14*41 miles of 75-lb. steel rails in replacement of
old 60-lb rails. There are 19,065 lineal feet (3 61 miles) of bridge
structure, of wbioh 1,487 lineal feet are iron and 17,578 lineal feet are
wooden trestle. During the year an iron bridge 384 feet in length waebuilt, replacing wooden bridging and trestle; four trestles were extended an aggregate of 776 feet, and 145 feet of trestle was replaced
by permanent embankment. During the ten years ended June 30,
1902, the freight equipment has been increased from 474 oars to 672
oars, an increase of 42 p. c, while the carrying oapaoity has been
lnoreased from 10.220 tons to 18,445 tons, or 84 p. o.
Passenger earnings show an increase of $40,474, or 16-57 p. o.,
revenue per passenger per mile, 2 63 cents, a decrease of 2*23 p. o.
Freight earnings show an increase of $50,972, or 8-66 p. o.; the principal Increases being in lumber, ooal, merchandise and cotton; there
were decreases In grain, hay, flour meal and stone and brick. Revenue per ton oer mile, 1-14 cents, an increase of 9-62 p. c; tons per
train mile, 225 05, a decrease of 109 p. o.
In March last heavy rains caused many of the streams in Mississippi
to overflow their banks. Great damage was done to your road between
Meridian and Jackson, and train servioe was completely stopped from
March 27 to April 6; $45,000 has been lnoludedln the year's expenses
towards the oost of repairs and of raising the traok to a grade somewhat higher than before. The polioy of improving the physical condition of the property
was oontinued.
1
J
:
1
;
THE CHRONICLE.
1028
284,667
639,885
95,291
244.193
68*,913
b7,563
198,115
829,734
84,928
1,019,843
taxes... 765,562
920,669
685,329
812,777
584,196
(74-44)
(71-88)
(72-56)
254,281
119,415
235,340
120,111
11,273
228,581
120,886
21,294
598,855
140,624
232,828
191,428
121,265
798
&
Operating exp.
o.
of op. exp. to earns..
Net earnings
Interest on bonds
M iscel
l
aneons
er. 1 1 ,39
(net)
BALANCE SHEET JDNE
1901
$
1908.
$
Road & equipment. 3,270,380
16,700
Investments
3,270,380
16,700
43,i7«
7l..*S0
385,624
369,116
12,0< 3
13,804
26,486
23,089
16,2>4
17.U0
14,040
15.837
84,012
23,613
14,414
Materials, etc
Cash
Sundry debtors
Station agents
Remlttan ces
Other roads ..
Car trust notes..-..
Bills recelv., lands.
Total
--V. 73, p. 1167.
Agents & cond't'rs.
Traffic balances....
In-
Companies and
dividuals
Sinking funds
Other items
1902.
Bonds
Interest on bonds
accrued, not due.
Supplies, taxes, &c.
Other railroads
Replacem't of rolling stock fund
1,050,000
2,190,100
acct...
Total
29,854
06,290
53,468
41.542
85,49
350,646
267.339
8.757,537
1
52,901
or
649
per cent; the revenue from passengers, however, increased only 3-71
p. o shewing that the general reduction in passenger rates made the
previous fiscal year has not yet produced a proportionate enlargement
of passenger traffic
The increase in operating expenses was partly due to the higher
cost of labor and supplies, but more largely to a greater expenditure
for new equipment, the directors deeming it wise to take advantage
of the prosperous conditions to increase the freight equipment. Of 7
locomotives, 13 passenger oars and 676 freight and other oars arranged for during the year at a total oost of $575,796, only 4 locomotives. 7 passenger oars and 226 freight and other cars were received
prior to June 30, 1902. For these $215,268 has been paid, and for the
remainder $360,528 has been appropriated and Included In the year's
operating expenses.
The rapid growth in the number of persons who annually visit the
Maine seacoast has made expedient the operation of several steamboats for the distribution of this increasingly valuable portion of the
road's summer traffic. Last year we added to our fleet the steamboat
Pemaquld, at a oost of $50,000. We have now built and placed in
operation the new steamboat Norumbega. costing $62,000. The fleet
now consists of the Sappho, 137 tons; Sebenoa, 44 tons; Pemaquld,
225 tons and Norumbega, 142 tons. A regular marine service is
maintained between Rockland and Islesboro and Oastlne; and between its Bar Harbor Branch at Mt. Desert Ferry and II m cock
Point, Sorrento. HulUvan, Bar Harbor, Northeast Harbor, Seal Harbor
and Southwest Harbor.
No additions have been made to the company's construction aooount
during the year. The fixed charges remain practically unchanged.
except in the matter of taxes, which were increased $19,538. In five
years, from 1897 to 1902. the total amount of taxes annually assessed
upon the company has been enlarged from $112,283 to $216,878, or
93 15 per cent.
The topography of the country through which the road runs makes
the number and cost of maintenance of its bridges disproportionately
large. Many of these are now. by reason of the Increased weight of
trains, being rapidly replaced wlthstronger structures. Contracts were
placed for the completion of a large amount of this work during the
fiscal year, but the greater part, though In process, has not been completed. Tne funds necessary to discharge these unfinished contracts,
in the sum of $20^.481, have however been provided, and the amount
appears in the general balance sheet as an improvement aooount.
To provide for future emergencies the balance of surplus earnings
($62,031), after dividends, has been credited to "Contingent Fund."
Statistics. The earnings, expenses and charges have been
compiled for the Chronicle as follows
EARNINGS AND EXPENSES.
;
Miles oper. June 30.
OperationsTotal No tonscarr'd
816
1900-01.
816
1899-00.
Gross earnings
Passengers
Freight
Express and mails..
$
$
struot's
2,583,928
2,504,887
2,582,115
2,446,653
294,449
241,131
844,910
23,737
66,355
232.299
277,532
843,484
24,456
79.867
190,456
356,242
842.077
27,223
50,768
251,073
221,382
805,531
30,086
55,549
Total expenses
1.470.582 1,457,638 1.466,766 1.363,621
Ratio of expa. to earnings (56 91%)
(58-19%)
156-80%)
(55-73%)
Net earns. Irom operation. 1,1 13,345 1,047,249 1,115,349 1,083,032
Interest and dividends
32,622
29,570
26,007
28,904
Total net inoome
Charges—
Interen on bonds
Sink, fund, rentals
Amisc
Total charges
Surplus
1,145,967
1,076,819
1,141,356
1,111,936
848,724
75,884
854,452
75.786
858,923
77,361
863,475
81,671
924,608
221,359
930,238
146,681
936,284
200,072
945,146
166,790
CONDENSED BALANCE SHEET JUNE
1902.
1900.
37.273,730
1,303.396
3,560,000
37,315.390
1.353.396
3,560,000
543,336
56^,845
83,365
543,336
687,466
138,726
66,400
680,708
179,475
543,336
587.466
144,394
17,280
37.884
297,644
97,23 8
336,721
100,747
44,027,206
43,965,335
43,957,437
4,360
26,000,000
16,189.000
543.337
18,668
56,691
61,351
154,799
117,907
44.579
83,861
86,873
2,295
89,367
720,475
69,726
156,101
116.377
60,123
190,127
80,295
2,295
29.152
518,442
26,000,000
16,287,000
543,337
28.168
109,021
17,280
55,281
157.888
117,577
59.297
179,189
23,982
2,295
5,262
371,860
.44,027,206
43,965,335
43,957,437
N. Y. Susquehanna & West. RR... 37,242,916
Seonrlt's pledged under mort'ages 1,283,395
Capital st'k subsidiary companies. 3,560,000
Securities for Midland RR. stock
and bonds
Miscellaneous securities
Materials and supplies
N.Y 8 & W.Coal Co. equip, notes
Slnkiog funds
Cash
$
hand and in transit.
Government, agents and conin
2,217,071
3,689,242
287,992
2,137,163
3,426,934
262,304
2,033,096
3,287,631
292,196
1,896,633
2,840,633
284,832
U.
6,194,305
5,826,401
5,612,923
5,022,098
181,176
243,794
365.978
590,614
1,199.662
252,049
1,081,192
637.736
216.878
181,557
280,932
346,667
512,520
1,078,938
213,868
1,206,895
114.928
26,034
197,345
146,464
373,806
334.177
490.311
952.958
195,943
786,165
20S.201
270.945
147.704
161,903
366,195
314,486
448,369
832.053
170,968
708,593
204,113
76,667
121,723
Liabilities
Stock (see Investors* Supplem't) 26,000,000
Bonded debt (see Invest. Surp.).. 16,1 18,000
4,769,139
1,425.166
153,857
4,159,684
1,666,717
134,535
3,901,674
1,711,249
85,744
3,405,061
1,617,087
81,071
1,579,023
1,801,252
1,796,993
1,698,108
S.
ductors, individuals, eto
Total assets
Total
Operat'g experts.
Gen'l expenses, <Sc.
—
Oen.exp.of tr'nsp'n
Pass, transp'n exp..
Freight transp. exp.
Motive power exp..
Maintenance of oars
Main, way Astruc's..
New equipment.
Safety appliances..
Taxes
Total
Net earnings.
Other income.
Total
—
Stocks and bonds called
Real estate mortgages
Equipment
Rents
Dividends
Sinking fund
Knox. & St. L. atook
charged off.
Total
Surplus
trusts
Interest and rentals
Pay-rolls
Audited vouchers and accounts...
Due connecting lines
Due subsidiary companies
Reserve funds, maintenance
and
Total
Deduct—
Interest
543,337
'
Barge equipment notes
Sinking funds aooraed
Int. and rentals aoorued not due..
Profit
Iobb
liabilities.
80.
1901.
1898-99.
816
$
way and
Maintenance of equtpm't..
Conducting transportat'n
General expenses
Taxes
4,049,412
3,740,709
3,573,915
8,217,809
do
do 1 mile. 330, 460. 107 299,114,181 289.872.C87 265,903,895
211-85
Revenue train load.
226-19
18691
169-67
1-15 ots.
1-18 ots.
Av. rate p. ton p. mile 1-11 ots.
1*10 ots.
Total pass, carried .
2,883,678
2,633,331
2,387,846
2.136,470
do
do
1 milel04,fe82,S65 97,934,828 90,720,967 83,103.024
49-91
Passengers p'r train
52-85
5024
47 78
2-16 ots.
2*23 ots,
Av. rate p. pass. p.m. 2-0"7 cts.
2-27 ots.
Earning! from—
.20,34,8,716 19.773,'344
Expenses—
Matnt. of
—
1901-02.
Total.
75, p. 609.
Maintenance, Etc.- During the year additions and improvements
aggregating $29,830 have been made, $2,727 of which is snown as an
addition to operating expenses for the year, and the balance, $27,103.
included therein for maintenance, etc 1,458 tons or 11-6 miles of
new 80-pound rails were placed in the track. 85,997 cross ties, 24,755
lineal feet of switch timber were plaoed In the main track; 5-84 miles
of main track were fully ballasted. Four iron bridges were replaced
by new steel strucures with heavier carrying oapaolty.
Edgewateb & Fort Lee RR -To secure tonnage offered by industries located along the Hudson River near the Edge water terminal,
and in view of the prospective development of that locality for manufacturing purposes, connecting tracks with the industries now In
operation have been built and right-of-way for future developments
has been acquired in the name of the Edgewater & Fort Lee RR. Co.
Change in accounts.— With the view of determining the aotual expense of maintaining and operating the railroad, independent of
other operations, and to oonform to the best known praotloe, the board
has authorized a ohange in the method of accounting, whereunder the
earnings and expenses of the rail lines will be shown separately from
those of water routes, shipping and coal-storage plants, elevators,
stock-yards, etc The plan also provides for a separate aooount of
additions and improvements payable out of income, to be shown as a
deduction from net earnings instead of being included in " operating
expenses." With this method of accounting, It will be possible hereafter to show the aotual oost of maintenance and operation and the
extent of Improvements made to the property.
The results for fourjyears have been as follows :
EARNINGS AND EXPENSES.
190102.
1900-01.
1899-00.
1898-99.
Earnings—
$
$
$
$
Freight
2,118,113 2,059,710 2,125,143 2,016,696
Passenger
401,858
384.447
396,061
371,059
Mail, express, rents, etc.
63,957
60,730
60,911
58.898
34,391
Maine Central Railroad.
{Report for year ended June SO, 1902.
President Lucius Tnttle says in part:
General Results.— The gross income increased $387,224,
.
result of the year's operations.
The cessation of operations in the anthracite region during the
months of May and June, due to the strike of miners, caused a reduction in the tonnage of anthracite coal during those months; the
increased earnings from other freight traffic, however, served to reduce the loss of revenue therefrom.
29,759
112,861
40,186
3,907,391
Miscellaneous
Net revenue
3,777,587
3,907,391
S
,050,000
(see Supf.1. 2.190,100
1
20,343,716 19,773,544
1908.
1901.
Liabilities—
$
t
Stock (In v. Supp.) 4 ,988,000 4,988,000
Bonds (INV. RUP.).12. ,492,192 12,492.192
Current liabilities.
393,452
315,637
Audited vouchers- 312,«5i
565,435
Interest, rents &c,
not due
376,871
360,647
Sundry lease acct.
104,934
104,934
lujury fund
68.332
68,331
Stnkingfunds
683,703
6i6,306
Equip, cont's
382,528
Impt. account
202,481
Contin't fund.
6/.031
Profit and loss..
S 8-2,538
262,161
New York Susquehanna & Western BE.
1901.
$
Common stock
109,809
626,306
30.441
%
30.
(Report for the year ended June 30, 1902.)
President F. D. Underwood says in part
General Results.— The company has earned Its fixed charges and
carried a balance of $221, 35.t to the credit of profit and loss as the
30.
Liabilities-
....
Total
-V.
122,063
108.024
131,384
142,180
69,365
146,257
103,956
86,401
..(6%)63,000 (6%)63,000 (6%)63,000 (5%)35,000
Total
Balance, surplus.
Dividends
521,211
130,317
24?,418
117,556
683.702
30,862
plies
Total
1901.
Resowrcts—
697,538
506,110
(75*07)
1902.
$
Construction and
equipment
17.180,437 17,180,437
Stocks and bonds..
388,478
288.472
Cash
297,673
491,316
Notes receivable..
778,217
152,818
Materials and sup-
167.584
450,949
79,005
Passengers
Freight
Mail, express, etc
LXiV.
(Vol.
GENERAL BALANCE SHEET JUNE
Earnings, Etc.— Following is a statement of earnings, etc.
HARNING8, EXPENSES AND CHARGES.
1900-01.
1901-02.
189900. 1898-99.
$
Earnings—
$
$
$
P.
:
.
42,4'8§'
-V. 75, p. 849.
643,110
545,876
298,566
29,440
604,222
592,92 2
298,554
29,440
584,870
646,526
298,543
29,440
599,365
617,090
298,531
29,440
Rutland Railroad.
fiscal year ended June SO, 1902.)
W. Seward Webb says in substance:
President
General Results— For the purposes of comparison, the result
(Report for the
200,000
1,516,992
62,031
1,725,138
76,114
1,559,379
237,614
1,574,426
123,682
m
'
of
operations for the fiscal year ended June 30, 1901, and Jun« 30, 1902,
oontalns the entire mileage of the road, 410
les, except that during
the year ended June 30, 1901, the Rutland-Canadian RR, 41 miles,
.
.
November
8,
THE CHRONICLE.
1902.]
for business until Jan. 1 of that year. The Increase In
gross earnings. $201, 246. after making allowance for the somewhat
greater mileage in part of the present rlaoal year, is gratifying. Of
this lnorease freight trafflo oontribnted $61,707, due principally to a
longer hanl. The Increase In passenger trarflo, $126,734, is due to a
heavier looal business and the establishment of a through line to
Montreal.
Ogdensburg Tebminal Co.— The entire capital stock of the Ogdensburg Terminal Co., $300,000, baa been acquired. The Terminal Com
pany owns an elevator (capacity $1,000,000 bushels), machinery and
real estate, lnoludlng docks at Ogdensburg, N. Y. This property Is
subject to a mortgage of $150,000, the interest on whioh at 4 p. o. has
been guaranteed by the Rutland RR. Co. There was earned from the
property during the fiscal year, after payment of operating expenses
taxes and Interest, a surplus of $9,196, applicable to a sinking fund
for the payment of the mortgage debt, whioh la to be retired at the
rate of $10,000 per annum.
Chatham & Lebanon Valley RR.— On June 13, 1901, the Chatham
& Lebanon Valley RR was acquired by the purchase of all of its
capital stock, $1,000,000, and the entire issue of its first mortgage
bonds, $-00,000. which were placed In the treasury of your company
This road connects at Chatham with the Boston & Albany RR. and the
Harlem division of the New York Central & Hudson River RR. It is
believed that the advantages derived bytthese connections will more
than justify the expenditures necessary to improve the physioal condition of the road.
was not open
Through Traffic.— Arrangements were made, effective Nov. 3,
1901, under which our pas seDger trains run through to Montreal over
the Quebec Southern Ry. from Noyau Junotion to Qaebeo Southern
Junction, and thence via the Canadian Pacific Ry. A traokage agreement has also been entered into with the Boston & Maine RR. Co. and
the New York Central & Hudson River RR. Co., by which passenger
trains of the Rutland may be run through to Troy and Albany, thereby
establishing a through line from those points to Montreal. These
agreements became effeotive June 23, 1902, acd it Is believed that the
result will be a largely increased through passenger trafflo.
Stock.— On July 1, 1901. there was in the treasury $3,790,000 preferred stock; on Jan. 1, 1902, this amonnt was Increased to $4,290,000
by the exchange of $500,000 preferred for the stock of the Chatham
& Lebanon
Valley, which having been purchased was then consoli
dated with the Rutland. Of this preferred there was sold by authority
of the stockholders $4,185,700, and there was exchanged for common
stock $1,200. leaving in the treasury June 30, 1902, $103,100.
Bonds.— The funded debt shows an increase of $467,000, due to the
Inclusion through consolidation of the $500,000 first mortgage bonds
of the Chatham & Lebanon Valley RR. and the retirement of $33,000
of equipment bonds.
The outstanding first mortgage Ca, $1,089,100, beoome due Nov. 1,
1902, and arrangements have been made to exohange these bonds for
the consolidated mortgage bonds bearing interest at the rate of 4 ^ p.
o. This will result in a. reduction of $16,301 in the yearly interest
oharge.
New Equipment Trust.—Your directors have negotiated
a 4J« p. c.
equipment treat aggregating $1,000,000, to run for a period ol fifteen
years, payable in yearly instalments, such payments to begin with Oct.
1, 1903. The proceeds will be used to purchase 31 engines. 35 passenger oars, 705 freight oars, 10 service oars. It is believed that this Increase in equipment will add materially to the earning (power of the
company. (V. 74, p. 788.)
Improvement Fund.— At the commencement of the present fiscal
year, the special Improvement fund amounted to $450,000. This fund
has been increased by $565,000, being the excess of the proceeds derived from the sale of preferred stock In the treasury over the amount
necessary to retire the floating debt assumed In the purchase of the
various properties before menttoned. During the year there has been
expended for permanent improvements and betterments, and charged
to construction account, the sum of $205,576; leaving an unexpended
balanoe of $809,424 available for further improvements and betterments. Among the improvements and betterments made were: Ballasting, $44,477; ditching, $15,356; strengthening brldgea, $15,567;
new steel rails, $50,851; draw boat, $15,293; rebuilding passenger
1029
St. Joseph & Grand Island Railway.
(Report for the year ending June 30th, 1902. J
General Manager Raymond Du Puy says in snbstanoe
General Results.—The wheat crop in Kansas and Nebraska, while
unusually large, was not sufficient to offset In tonnage and earnlnga
:
the almost total failure of the corn crop. The normal tonnage of corn
is about 210,000 tons, which represents about one-third ot our gross
freight earnlnga. Laet year we moved but 45,000 tone of corn, which
Other than this, our general freight
is a decrease of 80 per cent.
business shows a satisfactory gain. The failure of the oorn crop directly influenced our passenger earnings.
Maintenance, Etc.—The work of raising embankments subject to
overflow was oontinued at a! cost of $12,445, and the amount charged
to operations. Twenty-one miles of new heavier ateel rails have been
laid and 32 wooden brldgea, aggregating 874 lineal feet, have been replaced by permanent culverts with earth embankments and the coat
charged to operations. Anticipating that Kansas City & Omaha
equipment might not be available for our fall business, every effort
was made to put our locomotives and oars In better repair, whioh accounts for the lnoreased expense in that department.
The actual cost of conducting transportation ahows a decrease, but
the amount paid for " rent of traoks, yards and terminals " shows an
inoreaae of $5,924 due to an arbitrary amount per car for trackage
between Gower and Kansaa City. Negotiations are in progress for a
more favorable oontraot for use of the line south of Gower, whereby
this company will hereafter pay a proportion of interest, taxes, repairs, etc., inatead of a fixed amount per car.
Loss of K. C. & Omaha business— On April 11, 1900, the Kansas
City <fe Omaha Ry. was bought by the Burlington System. Up to July
1, 1902, this road waa operated by and to a large extent in the Interest of our company. On that date the Burlington Company took possession of It, thus depriving us of the trafflo formerly interchanged.
Based upon previous years, it is estimated that the average loss In
revenue to our company from this source will amount to $250,000
per annum. With a bumper corn crop in Nebraska, as now seems
probable, the loss might easily be twioe thit sum. The K. C. & O. Ry.
had a surplus of both engines and oars which have heretofore been
available for our use npon favorable terms. It is probable, therefore,
that our equipment will have to be lnoreased.
New Bridge.— Our bridge over the Missouri River at St. Joseph was
built in 1872, and is structurally too light to permit the use of modern
heavy locomotives. The Rook Island Company uses thia bridge under
a oontraot that expiree in 1907. Negotiations are now nnder way
whereby we are to rebuild the bridge, and that company is to use it
for ninety-nine years. It Is owing to this bridge that heavier locomotives have not been heretofore purchased.
j
Statistics.
—The results for four years have been as follows:
1900-01.
1901-02.
1899-00.
1898-99.
312
312
312
$1,484
677,211
79,371,981
$4,499
681,634
86,315,866
$4,039
560,355
80,073,729
312
Av. miles operated.
Operations—
Gross eaxn's p. mile.
$4,323
Freight (tons> car'd.
627,594
Ft .(tone) car'd 1 m. 77,779,600
1-32 ota.
Av. rate p. ton p. m.
Av. train load (tone)
200
Av. earns, p. mile of
each freight train.
$2 64
1-36
1-27
ota.
1-24 ota.
ota.
199
153
$2 70
$194
$176
$222,879
$216,595
1,076,146
100,930
1,094,431
93,668
$179,696
993,784
87,580
$1,349,790 $1,399,955
$1,404,694
$1,261,060
$155,610
111,210
523,394
62,170
$147,633
82,978
518,138
62,906
$209,370
125,752
611,890
53,597
$184,414
124,068
563,164
41,005
$852,384
(6315)
$497,406
$811,655
$1,000,603
(7123)
$404,035
$912,651
$588,300
$122,500
81,942
362
(5) 274,903
$105,000
82,488
528
(5) 274 ,880
$479,707
$17,699
$462,896
$125,404
124
Earnings—
Passenger
Freight
Mail, express, etc
[$208,891
1,025,339
116,060
.
Total earnlnga.
Expenses—
Maine of way
Maint. of equipm'nt
Conduct, transpor'n
General
.
cars, $18,152; ties, $11,194.
Statistics.— Operations, earning?, expenses, charges, etc.,
have been as follows
Total Expenses...
P.O. of exp. to earns.
Net earnings
:
1901-02.
Miles operated June 30
416
Operations—
Passengers carried
"
"
onemlle
Rate per passenger per mile
1,191,092
31,924,389
2-387 ota.
1,621,956
115,609,376
Tone freight carried
"
•'
"
one mile
Rate per ton per mile
Gross earnings per mile of road
Miles operated Jane SO
„
079
ota.
$5,072
Interest
190001.
360
907,852
26.766,898
2-30 eta
1,522,050
136,661.403
0*84 ota.
$5,591
416
416
$1,229,760
771,906
40,716
60,082
22,839
9,078
$1,168,053
645,172
32,914
54,151
20,810
12,036
Earnings—
Freight
Passenger
Express
Transportation of mails
Rentals
Miscellaneous sources
Gross earnings
$2,134,382
Expenses—
Maintenance of way and structures
Maintenance of equipment
Conducting transportation
General expenaea
Operating expenses.
Per cent of expenses to earnlnga
Net earnlnga
—
Disbursements
on bonds..
OPEBATION3, EARNINGS, EXPENSES AND CHARGES
$1,933,136
$264,091
177,368
880,543
79,290
$223,773
180.282
798,160
56,542
$1,371,292
(6425)
763,090
$1,258,747
(6511)
674,h89
Taxes
Miscellaneous
Div. on 1 st pref . ...
Total
Surplus for year....
(57-98)
$105,000
78,800
(72-37)
$348,409
1,648
164,923
$87,500
75,973
10,780
(3) 164,928
$350,376
$53,709
$339,181
$9,228
(3)
BALANCE SHEET JUNE 80.
1902.
1901.
Cash
258,884
Due from
282,601
51,189
83,970
8,223
77,839
8,188
plies.
Bills receivable....
68,704
2,060
5,062
Pay-rolls
to other cos..
Interest on bonds.
55,321
and companies...
Sue from U.S. P.O.
83,024
Due from
aterials
Due
Indlv'ls
Total
-V. 75, p. 907, 30.
36,955
49,757
),405
Accrued taxes
Renewal accounts.
34.P39
44,620
Miscellaneous
Dividends
and sup-
Miscellaneous
1901.
Liabilities
*
S
Stock outstanding
(See Inv. Supp.).. 13,698,500 13,527,600
Bonds outstanding 3,500,000 3,500,000
Audited vouchers.
67,775
84,711
agents,
etc
1902.
—
Assets$
Cost ot ro'd, equipment, etc
17,282,614 17,225,4?2
3.036
Profit
1,686
&
loss, surp.
Total
17,778,006 17,733,610
137,463
234,5t8
17.778.C 07
37,120
77,447
64,420
36,007
87,170
15,049
137,440
226,647
17,-;
33,610
Montreal Street Railway.
(Report for the year ended Sept.
SO, ISOt.)
President L. J. Forget says in substance :
The past year's business shows net earnings of $911,032 as comDividends on stock owned
x$78,014
$13,050 pared with $795,413 last year. Your directors declared four quarterly
Interest on bonds owned
83,508 dividends, amounting to $600,000 and placed an additional sum of
y58,300
Interest on cash loaned
23,612
$100,000 to the oredit of the fire Insurance fund. An amount of
$7,290, expended during the year on special renewals, has been
Total
$159,926
$96,558 charged against the contingent account. The road bed. rolling stock,
Gross lnoome
$923,016
$770,947 buildings and other property have been efficiently maintained. The
Deduct—
earnings continue to increase in a satisfactory manner, and the
Interest on funded debt
$394,943 ratio of operating expenses to gross earnings shows a substantial de$491,041
Rentals of leased lines
19,000
15,000 crease. Owing to the heavy expenditure required to place the Park &
Taxes
67,548
68,000 Island System in thorough repair, its total revenue has been absorbed
Sinking fund for equipment bonds
and no Interest has been reoeived by ua on our holdings of Its stock
88,0©©
Interest on loans
9il635 and bonda.
49,012
During the year $1,500,000 of 4*s p.;c. debenture bonda were sold at
Total
$569,578 par to shareholders to pay o ff the loan in ourred by the purchase of the
$659,602
Netlnoome.
201,369 Montreal Park & Island Railway Co. and other purposes of that rail263,414
Dividends paid on preferred stock
(3%)261,728 (4%) 169,564 way. Owing to delay in the delivery of eleotrical machinery, the
whole of the water power contracted for will not be in use till the 1st
Surplus
$31,805 of November. The company has. however, gradually Increased the
$1,686
use of power from this souroe during the year. Extensions, amountxlncludes: Dividends on Rutland RR preferred stock, $64,844; ing to 14 mlleB of track, have been constructed and put in operation,
diva, on Addison RR. stock, $13,170. y Includes: Interest on Rutland and the rolling stock has been increased by the addition of 29 motor
Transit Co., bonds. $32,3 oo int. on Chatham A Lebanon Valley hR. oars. During the year the company has paid the city of Montreal the
bonds, $20,000; int. on Rutland Noyan RR. bond a, $4,000; Int. on following amonnts Tax on earnings and other taxes, $127,258; on
Ogdenaburg Terminal Co. bonda, $2,000.—V. 75, p. 907, 240.
account of snow clearing, $50,771, making a total sum of $178,029.
Add:
,
;
:
—
.
:
THE CHRONICLE.
1030
1901-02.
ses to car earnings.
1898-99.
1899-00.
1900-01.
46,741,660 48.362,262
14,215,784 13,194,974
$1,900,680 $1,769,905
992,925
1,105,267
(56*39)
40,186,493
12,060,857
$1,660,776
912,950
(56-34)
(55-23)
$795,413
$146,162
551,700
50,000
$776,980
$129,732
512.500
50,000
$747,826
$116,955
478,333
50.00Q
$747,862
$692,232
$645,288
$102,538
(58-52)
known as the Linotype Junior, has been developed. Within the
next year this machine will undoubtedly beoome a source of substantial revenue. There has also been completed within a year another
and larger machine carrying two magazines of matrices. It is believed
this machine will create a new era in composition of the more expensive classes. The company is carrying In stock upwards of thirteen
million matrices, representing more than one hundred type faces.
No new oompeting machine has appeared in the market within the
year, and maohlnes previously known to the publio have failed to hold
chine,
Results for four years were as below given:
Passengers carried. .49,947,467
Transfers
18,077,511
$2,046,209
Gross receipts
Operating expenses.. 1,135,176
P. o. of oper. expen-
LXXV.
[Vol.
own as against the linotype.
Within the year the company has come into possession of numerous
patents of substantial value and has repurchased at a reasonable price
certain territorial franchises which were said in the early day of the
enterprise. The -company has established its own salesrooms in Chicago and San Francisoo.
The greatly inoreased price of raw materials, and the ditHoulty of
securing delivery in reasonable time, have substantially Inoreased the
cost of manufacture in several directions, and delayed to some extent
the production of maohlnes of the new models.
their
Net earnings
Fixed charges
$911,033
$210,066
600,000
Dividends
Contingent fund
Fire insurance fund.
Total
Surplus
100,000
.
$910,036
$84,747
$967
$47,551
FINANCIAL STATEMENT TEAK ENDED SEPT. 30.
1902.
8
Assets—
$
Construction, etc.. ..3,539,823 3,239,814
Equipment, etc
Real estate
&
8,063,068 2,839,764
build1,616,925 1,588,739
ings
Mon. P. & I. Ry.
stock and bonds... 1,159,297
1,105,485
76,086
67,277
76,620
61,789
95,882
325,958
I.
Stores
Accounts receivable
Cash in bant and on
hand
Cash on deposit with
25,000
city of Montreal
Cash fire ins. fund.. 100.000
M. P. & I. Ry. Co.
.
Total assets
Liabilities—
$
Stock paid up
The number
$
—
Mon.P.&IRy
57,194
Total
liabllit's... 9,855,360 9.320,363
663
641
679
508
584
502
772
190001
1899-00
1898-99
1897 98
„
189697
1895-96
The net
profits, etc.,
1901-02.
Total net profits
$1,892,918
Dividends paid
1,350,000
Dividends, rate p. c.
lS 1^
Ann'i rental value of
machines at end yr.
8ales of supplies
The net earnings,
products can be manufactured under more favorable conditions than
now exist. A large saving will be effeoted in insurance, rents and
superintendence. This saving oannot, however, be realized during
the tirst year, but will be of long-time benefit.
The company is still extending its business with foreign countries,
having during the past year extensively covered Australia, New
Zealand, Philippine Islands, China, Japan, and also the nearer countries of 8outh America. This work is done at large expense, but it is
laying a valuable foundation for profitable business in the future.
The company has continued to bring out a large number of new faces
which are exceedingly popular and lead the fashions in type styles
throughout the world. The direotors regard the company's oondition
as excellent, and the prospeots for increased business and profit are
very encouraging.
— A comparative statement for
four years shows
the following:
1901-02.
Interest charges
p.
c...
Preferred dividends
$301,527 $323,470 $280,241 $190,052
160,000
160,000
160,000
160,000
$126,302
$163,470 $120,241
BALANCE SHEET ADO.
Mercb. 4 raw
1902.
1901.
$
$
3,?66,63S 8.17O.605
mat'ls. 1,975.802 1.748,3i7
Miscellaneous
611,452
Accounts
fc-87,856
Cash
364,419
226.533
recelv'ble.
Bills receivable
—V. 75, p. 850.
1838-99.
(1%) 15,225
Surplus.
Assets—
Plant
1899-00.
$404,656 $419,038 $356,156 $249,563
103,129
95,568
75,915
59,511
Gross earnings
Net earnings
Com. dividends, 4
1900-01.
336,799
813,009
3SU.870
150,090
,881,800 6,559,730
$30,052
31.
1902
1901.
LiabilitiesCapital stock, com. 4,000,000 4,000,000
Capital stock, pref
964,300
Accounts payable... 158,8i4
140,011
Bills payable
685.038
871,471
Debenture bonds . 930.800 960,000
Miscellaneous
8,588
Surplus
48J.560
598,248
.
Total
7,232,200 6,5t9,730
Mergenthaler Linotype Co.
{Report for the year ended Sept. SO, 1902 J
President and General Manager P. T. Dodge says in sub:
General Results.—The year has been
a successful one in every re-
spect Not only is the linotype setting practically all the solid matter
for every large newspaper except one in America, and for several hundred of the smaller newspaper offices, but it is also being put to increasing use for the advertising columns. In the field of job printing,
the linotype Is now well established, and in the book field it Is doing
work of the highest class. During the year the number of oilioes in the
United States using machines has increased from 1,491 to 1,721.
In the early days of the linotype, it was adapted to produoe only
composition in one face at a time, without the i. alios, small capitals,
black faces, aooented or special characters demanded in book and
miscellaneous printing. The maohlnes of the present day enable the
publisher to produce so-oalled "two-price" matter at practioally the
price of straight composition, this with a single operator manipulating
the ordinary keyboard.
A new factory building (devoted principally to the manufacture of
matrices) 60 x 100 feet, and seven stories in height, of the latest brlok
and steel construction, has been completed, and additional ground has
been seoured for future use. The older faotory buildings have been
Oct. 1.
571
638
553
600
583
630
795
967
986
1,058
1,067
1,248
1,825
1,538
compare as follows:
535,333
547,000
567,646
392,558
557,176
312,000
1900.
1899.
1898-99.
$1,627,067
2,000,000
20
20
1.
1901.
710,535
1,424,743
387.193
536,910
730,255
6,700
1,018,700
10,654
$
309,076
1,274,190
269.518
378,146
657,882
6,700
1,097,000
9,876
514,711
1,275,866
28-\526
276,815
631,851
6,700
1,091,200
7,909
87,722
79,205
70,127
6,176,139
4,400
6,168,355
8,888
6,161,091
9,710
11,633,950
11,093,951
10,258,836
10,328,508
10,000,000
14,100
10,000,000 10,000,000
17,060
14,880
10,000,000
3,621
511
324,376
10,328,503
$
Cash
$
863,617
Customers' notes reo. 1,377,606
Open accounts
264,722
Raw materials, etc... 840.539
Plant, eto
978.940
Rogers department..
6,700
Linotypes
1,003,800
Offloe fixtures &f urn.
16,889
Linotype Co. (Canada)
Investment
78,247
Rights,
On Rental
.
Total.
1899-00.
$1,919,165
2,000,000
538,276
476,000
Assets-
was as follows:
1900-01.
$2,083,033
1,250.000
12 1*
1902.
after payment of [one] quarterly dividend upon the preferred stock, amounted to $28u,30z, or a little over
7 per cent upon the common stock.
The cash reoeived from subscriptions to preferred stock was
$720,168. This was applied to the reduction of bills payable and to
While the dividend
the requirements of the growing business.
requirements during the current year will be larger than last year,
the interest on borrowed money will be less and will largely offset
suoh increase.
The company has purohased the ground for the new central plant
at Communlpaw, N. J., and plans are now being drawn for the ereotion of a fireproof building, with large capaolty, in which staple
stance
1901-02
BALANCE SHEET OCT.
:
Statistics.
New.
374
197
371
267
282
271
345
255
342
241
151
479
214
581
for three years past
Shipped.
Co.
('Report for the year ending Aug. 31, 1902 J
President R. W. Nelson says in substance
The sales were largely increased over those of any previous year.
Dividends were paid in cash upon the preferred stooi at the rate of 7
per cent per annum from the date of its issue (April 10. 1902.) to July
1. 1902, amounting to $15,225, and upon the oommon stock, quarterly
dividends each of one per cent, amounting to $160,000. The company
also paid a scrip dividend of six per cent amounting to $240,000, this
sorip being a portion of the accumulated surplus and entitled to be
received upon stock subscriptions according to its terms. [See V. 73,
Total
Tear.
6S0.
American Type Founders
p. 1358.]
Sold
Rented.
,
6,000.000 6,000,000
973,331
2,478,333
Bonds
6,035
6,0i>5
Mortgages
1,100,000
Bank of Mon. loan
103,916
IC0,8'8
Accts. and wages
5,150
33,275
Int. on bonds
93,006
101,748
Tax on earnings
7,6-17
8,490
Employes' securities
1,957
1,957
Unclaimed dirid's...
18,338
Unredeemed tickets 20,401
63,608
62,490
Suspense accounts
9,267
139.200
DIv. Nov. 1st
150,000
191,056
Contingent account. 183.766
Fire insurance fuud. 204,222
Surplus
508,836
607.870
9,856,360 9,320,3f3
of machines shipped, sold, etc.,
1901.
.
25,000
.
cur. account
122,501
Balance new stock
call unpaid
—V. 74, p.
1902.
1901.
$
priv., Iran.,
patents & lnveut'ns 6,201,580
Miscellaneous
1,309
Total assets
Liabilities Capital stock
Creditors' open aoo'ts
Dividends unpaid....
356
316
1,619,494
1,076,575
465
243,541
Total liabilities. ...11,633,950
11,093,951
10,258,836
8urplus
—V. 75, p. 851.
GENERAL INVESTMENT NEWS,
RAILROADS. INCLUDING STREET ROADS.
Alabama New Orleans Texas & Pacific Junction
1902,
Rail-
<;
B" Incomes.— The coupons due Nov. 1,
on the $1,050,000 £5 per cent "B" (income) debentures
ways.— Interest on
were paid by G'yn, Mills, Currie & Co., 67 Lombard St.,
London, E,
V. 75, p. 76.
American Railways Co. Dividend Increased. The company on Thursday declared a quarterly dividend of \% per
cent, an increase of
per cent, payable Dec. 15 on stock of
record Nov. 20. The gross earnings for the four months
ended Oct. 31 are stated as $441,082, an increase of $103,437
over the corresponding period of 1901. Within the year the
amount of outstanding bonds has been considerably increased.
C—
—
%
— V. 75. p. 665, 496
Bradford Rordell & Kinzaa.— Default.— The coupons due
The earlier coupons were paid
1, 1903, remain unpaid.
at maturity at the Metropolitan Trust C :>.— V. 75, p. 793.
British Columbia Electric Ry.— Purchase.— New Bonds.—
The shareholders at a meeting in London on the 15th ult.,
O^t.
resolved to issue, in addition to its £35J,000, A.% per cent first
mortgage debentures, farther debentures for securing the
payment of the principal sum of £220,000, the same to be
applied to pui chasing shares in the Vancouver Power Company, Limited, or in any other manner the directors may
decide upon.
Buffalo Rochester* Pittsburg Rj.—Q'Mirterly.—Earnings
for the quarter ending Sept. 30
Gross
Net
3 mos end.
1902
1901
p.
earnings.
OtKer
income.
Interest,
taxes, etc.
Balance,
earnings.
$1,892,681
1,714,363
Sept. 30.
— V. 75,
were
$875,320
792,922
$5,021
4,143
$3t53,14S
$517,193
447,847
349,218
surplus.
843, ill.
—A
Charlotte Monroe & Columbia RR.— Mortgage
mortgage has been file 1 to the Richmond Trust & Safe Deposit
Co. to secure f 70,000 bonds for the purpose of extending the
line, now in operation from McB^e, on the Seaboard Air
Line, to Hamburg, in Chesterfield County, S, C, 18 miles, a
further distance of 11 miles to Jefferson.
The bonds are
$1,000 gold 5s, dated O^t. 1, 1902, and due Oct. 1, 1932.
Ernest Williams of Lynchburg, Va., is President.
Chicago Burlington & Qniucy RR
Offer to Purchase.—
See Qaincy Railroad Bridge Co. below.— V. 75, p. 857, 847.
Chicago Consolidated Traction Co.— Suit Settled.—The
Improved.
In order to meet more especially the demands of the smaller oountry suit brought by Sutro Bros. & Co. (V. 71, p. 28, 181) has
oilioes, requiring only a limited variety of composition, a small mabeen settled out of court.— V. 71, p. 181.
—
—
November
THE CHRONICLE.
1902.]
S,
Alans! are In operation and 20 miles from Alausl to Guamote are almost completed and are expected to be In operation by Jan. 1st, 1903.
The company Is controlled by the Ecuadorian Association
This construction
Ltd.. of London, which Is building the road.
oompany has an authorized capital of £500,000, of which £450,000 is
fully paid. The Ecuadorian Association receives In consideration of
RR.—New
Officers.— H.. H.
Porter has resigned as Chairman of the board, his successor
San Fran
being B F. Yoaknm, President of the St. Louis
J. Q-. English and George Brewster have also been
Cisco.
succeeded as directors by E. C. Henderson and H. H. Porter,
Chicago
&
Eastern Illinois
&
the construction of the road the sum of $12,282,000 in 6 p. o. first
mortgage bonds, $5,250,000 preferred stock and 51 p. o. of $7,032,000
common stook of the Guayaquil & Quito Railway Co. The other 49 p.
o. of the common stock Is paid to the Government of Ecuador In con-
Jr.
Trust Certificates Ready.— The trust certificates of the St.
Louis & San Francisco are now ready for delivery to the depositing stockholders at the office of the Colonial Trust Co.
Owing to the unusual wording of the circular of Aug. 7
thtre is some misunderstanding respecting the form of
The basis of |the exchangers prethe trust certificates.
For each $1
cisely as announced in V. 75, p. 393, viz
share of common stock is given a $100 common stock trust
sideration of the franchises, guaranty, etc.
The bonds are guaranteed as to principal and Interest by the Government of Ecuador and are secured by a first Hen on the Custom
House receipts, which are more thBn three times the interest and sii kiDg fnnd of the total bond issue. The Interest Is payable at the offices
Co.. London, or the United States
of Messrs. Glyn. Mills, Currie
Mortgage & Trust Co., New York. To September, 1902, the Government had paid seven coupons on the bonds issued and had provided a
sinking fund so ffloient to retire about $480,000 of bonds. The due
date of the bonds is 1932.
President, 8ir Jas. Sivewrlght, London, Eng.; Vice President, T. H.
Powers Farr, New York; Secretary, Benoni Lockwood Jr., and Treas.
urer, Samuel H. Lever. New York offioe, 33 Wall St.— V. 75, p. 289.
&
:
which bears interest at the rate of 10 per cent per
(payable semiannually, beginning Jan. 1, 1903); for
San Francisco obligates itself
this certificate the St. Louis
to pay $250 in gold on or before July 1, 1949. For each $100
share of prefeired stock is given a $100 preferred stock trust
certificate which bears interest at the rate of 6 p. c. per an
num (payable quarterly beginning Jan. 1, 1903); for this
certificate the Frisco agrees to pay $150 in gold on or before
The dividends are in effect 4 per cent on
July 1, 1942.
the principal sum to which the certificate holder will eventually be entitled. It is this principal sum which is improperly' shown as the amount outstanding in our Investors'
Supplement in connection with the 4 p. c. dividend rate.—
certificate,
annum
V.
&
Harriman & Northeastern Ry.— Not Sold to Southern Ry.
reported this week that the Southern Ry. Co. had
—It was
purchased control of this property. Bird M. Robinson informs
us that the situation remains unchanged, and that the control
is still held by the HarrimanJSecurities Co., to which he transferred it subject to the $300,000 of 6 p. c. bonds.— V. 75, p. 289.
Hudson Talley RR.—Strike Declared Off.— The strike was
formally declared at an end Nov, 2. concessions having been
made by both sides. The terms cf settlement are in part
75, p. 852, 846.
as follows:
Louisville Ry.— Suit Dismissed.
—The longstandkg suit of the Richmond Nicholasville
Beattyville bondholders to reopen the foreclosure
Irvine
sale of the Louisville New Albany & Chicago Ry., in ordtr
to secure the payment of their bonds, guaranteed by that
company, was dUmitsed by consent at the cost of the
oomplainants in the Federal Court at Indianapolis on Oct.
The claims against the road, it is understood, were com31.
promised, but the terms are not made public. (Compare V.
70, p. 686; V. 71, p. 83, 599, 1119; V. 73, p. 611)-V. 75, p.
Chicago Indianapolis
&
Men who have been receiving 16 cents an hour will receive 17 oents,
and men who had been receiving 18^ cents will hereafter be paid 19
oents. The men will abandon their present affiliation with the anion
on the line of the United Traotlon Oo. and a new union will be formed,
consisting exclusively of employes of the Hudson Valley Company.
The case of Motorman Osgood, who was discharged for alleged incompetency, will be placed on exactly the footing that It had before
the strike, and he will have a hearing by the officers of the company.
The company signs no contract with the union, simply
accepting the propositions presented by the men.— V. 75, p.
&
906, 732.
Internrban Railway & Terminal Co., Cincinnati, O.—
Consolidation.— This company was formed on Nov. 3 by consolidation of the so-called Scrugham companies, viz., the
Cincinnati & Eastern Electric Railway Co., the Suburban
Traction Co. and the Rapid Ry. Co. (see Street Railway
The authorSupplement of June 28, 1902, pages 25 and 26)
ized capital stock of the new company is $2,500,000, and a
bond issue will be made for the same amount. Officers:
Geo. S. Scrugham, President and General Manager; Lee.H. Brooks,
First Vice-President; Ellis G. Klnkead, Second Vice-President and
General Counsel; John M. Kennedy, Treasurer; William E Hutton.
Secretary; Charles H. Davis, Guy W. Mallon and George H. Worthlng-
980, 732.
Chicago & North Western Ry.— Option to Exchange Bonds.
—The $7,293,000 general consolidated 7 per cent gold bonds
maturing December 1 will be paid on and after that date at
the company's c ffice. Referring to this notice Kuhn Loeb &
Co. offer to holders of the maturing bonds the privilege of
taking the %% ptr cent general mortgage gold bonds due
Nov. 1, 1897, with coupon due May 1, 1908, attached, in exchange for the maturing bends with the coupon dne Dec. 1,
See advertisement on page ix of this issue.
1902, attached.
—V.
Chicago Rock Island
&
—The New York
—V.
.
75, p. 930, 444.
$67,853,000 4 p.
Pacific
ton, additional directors.
RR.— Application
to List.
requested to list
Stock Exchange has been
See Rock Island Co. below.
c. bonds of 2002.
75, p. 980, 611.
-
&
Pacific Ry.— Exchange of Stock.
The application to list the new securities of the Railroad
Company and the Rock Island Company indicate that about
$67,855,000 of the $75,000,000 capital stock has been acquired
through the exchange.— V. 75, p. 732, 665.
Chicago Rock Island
Chicago Union Traction Co.— Transfers.— On Nov. 8 the
company began the issuing of transfers, good from the north
side to tne west side and vice versa.— V. 75, p. 182, 184.
Cincinnati Dayton & Toledo Traction Co.— Trackage
Rights into Cincinnati, Etc.— The directors on Nov. 3 approved the contract with the Cincinnati Traction Co. under
which the
latter
1031
company
will give the Cincinnati
Dayton
&
The "Cincinnati Tribune" says:
The new company will also absorb the Interurban Terminal Co.,
which was recently organized with $150,000 stook, and is now building a terminal station in Sycamore Street, between Fourth and Fifth.
The Cinoinnati & Eastern Is completed and will be started this week.
This road runs to New Richmond, a distance of 28 miles. The Suburban Traction Ry. and the Rapid Ry. are about half completed. The
former is expected to be ready for operation by Feb. 1 and the latter
as far as Mason by Dec. 15. The Suburban Company's cars are to run
to Bethel and Batavia over the Union Levee and the Ohio turnpikes.
The apid Railway goes to Lebanon, a distance of 36 miles, and passes
through Norwood, Pleasant Ridge and Stlverton.
The bond and share holders of the three constituent companies are
to exchange their holdings for the issues of the new company on the
basis of one bond and one share for eaoh bond and share of the original companies, and for sufficient new bonds to pay aoorued interest on
the present bonds; $150,000 of the new stook, toge.her with $55,250
The expenses of the
of bonds, are set aside for the new terminals
merger are provided for by setting aside $150,000 of stock. The Cincinnati Trust Co. is made trustee for the purpose of making the exchange of the old stock and bonds for the paper of the new oompany.
Toledo trackage rights into the city of Cincinnati. A meet
Joliet (111.) & Western RR.— Mortgage. — A mortgage has
ing of the stockholders of the two companies was called been made to the Royal Tiust Co., of Chicago, as trustee, to
for Nov. 6, when the contracts were to be presented for secure $10,000,000 of 50-year 5-per-cent gold bonds. J. R.
their approval. The agreement, it is said, includes an en- Steward, the President, Piano, 111., states that the company
trance into Cincinnati for the Cinoinnati Interurban Co., via proposes to build a railroad from Joliet to De Kalb, 111., 70
Hamilton. The deal, it is further said, will give the Cincin- miles, passing through Plattville, Helmer, Piano and Hinknati Traction Co. a voice in the affairs of the Miami & Erie ley. The company w as incorporated last June with $300,000
Canal Transportation Co., and the Cincinnati Dayton & authorized capital stock. Incorporators
Toledo Traction Co.
George H. Munroe and Charles S Weaver of Joliet. J. R. Steward,
As part of the agreement, the Traction Terminal Co. has E. W. Faxon, G. S. Steward and W. D. Steward of Piano, and John
H. Lewis of De Kalb. Principal offioe, Joliet, 111.
been incorporated with $100,000 capital, to build a traction
The Joliet & Northwestern was incorporated on Oct. 10
terminal station and connecting lines of; street railway. See
with $500,000 stock to build from Joliet westerly to Plattthat company below.
A director of the Cincinnati Traction Co., as quoted, says ville, and thence (1)' southerly to Morris, (2) westerly to
"The newspapers have unduly magnified the importance of the deal. Newark and (8) northerly to Piano and Aurora.
It was simply a traffic agreement such as we have before arranged
Louisville & Nashville RR.— Meeting.— At the annual
with other interurban railway companies. It is true that, in conneo
tlon with the deal, some of our directors have beoome interested in the meeting on November 5 the shareholders ratified the purMandelbaum system, but their Interest is comparatively small, and we chase of several small roads, and then adjourned to December
have no desire to control the Cinoinnati Dayton & Toledo Oo."
17, when it is thought action regarding the Atlantic Coast
F. T. Pomeroy of Cleveland, says: "It is rather early to Line will be taken.
Repert.— See pages 1035 to 1043 and 1027 of this issue.—
discuss what will be done, but there is no question as to what
V. 75, p, 907, 793.
will ultimately happen. The various railways owned or con
trolled by the two syndicates will be embraced in one big
Louisville New Albany & Chicago Ry.— Case Settled.—
See Chicago Indianapolis & Louisville Ry. above.— V. 71,
electric railroad."— V. 75, p. 76.
:
:
Cincinnati & Eastern Electric Ry.— Merged.— See Interurban Railway & Terminal Co. btlow.— V. 74, p. 679.
p. 84.
line (3% ft. guage) Is projected from Guayaquil to
Quito, Ecuador, about 290 miles. Of this, 95 miles from Guayaquil to
just issued an interesting circular in regard to the
Manhattan (Elevated) Ry., New York.— Electric Service on
A number of electric motor trains were put
Cincinnati Traction Co. Agreement.— See Cinoinnati Day- in service on the Sixth Avenue line on Nov. 1. The operaton & Toledo Traction Co. above.—V. 75, p. 665,497.
tion of the Ninth Avenue road with electricity will follow
Guayaquil & Quito Ry.—Status.— We have been favored some weeks hence.
Bankers' Circular.- Post & Flagg, 88 Wall Street, have
with the following official statement:
The company'*
Sixth Avenue.
—
Railway Co.-V.
75, p. 733, 498.
Manhattan
—
—
—
—
THE CHRONICLE.
1032
LXXV.
[Vol.
Nashville (Tenn.) By.— Sale of Stock.— The shareholders' to be paid in cash, payments to be made as soon as possible
committee, viz.: Douglas H. Gordon, Frederick M. Colston, after Jan. 1, 1903. Stockholders will receive the dividend of
Qustavus Ober, R. Lancaster Williams and A. H. Ruther- Jan. 1, 1903, from which date the bonds to be issued in payford, announces that a majority of the stock has been depos- ment will begin to draw interest. A circular says
ited with the International Trust Co. of Maryland, and that
This proposition has been very oaref ully considered by your directuntil Dec. 1, 1902, additional deposits of said stock will be ors, and they unanimously recommend its aooeptanoe. The bridge
was built In 1868 and cost upwards of $1,750,000, the amount of the
received without penalty.
capital stock of the Bridge Co. It was leased for the entire term of
on each Its charter, whloh was understood to be 100 years, at a rental of 10
Payment for Consols.— The first payment was $135
bond, instead of $150, as first proposed, and was made on p. o. on its capital stock. At the present time It could be replaced
that sum, and the lessee's
Wednesday through the Baltimore Trust & Guarantee Co., for about one-third ofat a low rate of interest. credit would enable
It to raise the money
The contract Is acwhich corporation will also make subsequent payments. cordingly felt by the lessee to be a very burdensome one. On the other
hand, jour shares can never be a first-class security. If the lease were
Compare V. 75, p. 907, 793.
terminated or broken they would be of very little value. Their marNational RB. of Mexico.— Comptroller.— M. M. Reynolds ket price has accordingly seldom exceeded the prioe now offered by
has been appointed Comptroller, with headquarters at No. 1 the lessee.
Assenting stockholders should dbposlt their certificates, endorsed
Nassau St., New York City.— V. 75, p. 981, 77.
In blank, with Mr. Arthur O. Stanwood, Treasurer, 704 Bears BuildNew York Ceatral & Hudson River BB. New Treasurer. ing, Boston, Mass,
Edward L. Rossiter has been elected Treasurer to succeed
Rapid Bailway, Cincinnati.— Merged.—See Interurban
the late Samuel Prince.—V. 75, p. 981, 737.
Ry. & Terminal Co. above.
New York Chicago & St. Louis RR.— Quarterly.— Earnings
Richmond Nicholasville Irvine & Beattyville BB.— Case
for the quarter and the 9 months ending Sept. 30 were
Settled.— See Chicago Indianapolis & Louisville Ry. above.
:
—
:
earnings.
Other
income.
Interest,
taxes, etc.
Balance,
surplus.
$514,740
402,064
$1,408
5,834
$339,904
318,621
$176,244
89,277
1,452,367
1,361,145
25,171
18,091
Net
Gross
earnings.
$1,645,021
1,905,606
9 mos. end.
Sept
30—
1802
1901
9 mos.—
1902
5,006,985
1901
6.488.459
—V.
976.441
933.861
501,097
445,375
75, p. 290, 133.
New York Susquehanna & Western BB.—See New York
& Wilkesbarre Coal Co.
under Industrials below.
Report.— See page 1028 of this issue.—V. 75, p. 849.
Ogdeusburg Terminal Co.— Guaranteed Bonds.— See Rutland RR. under "Annual Reports" above.
Oregon Short Line BB. Amendment to Charter. The
shareholders on Oct. 9 voted to amend the articles of incorporation to an extent giving the company the right to construct or acquire by purchase, lease or otherwise, and to
maintain and operate ferries, steamships, warehouses, and
—
other property appurtenant to the business of ferries or navigation also to acquire the capital stock and the obligations
and to guarantee tne obligations of any company engaged in
such business. The amendment also provides in substance
The company shall also have power to construot or acquire by leasepurchase, merger, consolidation, ownership of capital stock or other
wise, branches, connecting lines of Irailroad, and terminals and terminal facilities, and such other property as the direotors may deem
desirable, and may make such contracts and do suoh acts as the directors shall deem expedient, provided such acts and contracts are
not in violation of the laws of Utah may acquire the capital stock,
and the bonds thereof, or may guarantee the stocks, bonds, or obligations of any other corporation owning, leasing, or operating, or hold;
:
;
ing capital stock of a corporation operating railroad lines, terminals,
or terminal f acili ties, and In exercising Its corporate powers it may
make suoh leases, purchases, oontraots, sales, conveyances, mergers
and consolidations; and do such acts as the direotors may deem expedient.
The company
shall have the power to consolidate with or merge
Into any other railroad company or companies, and may sell,
convey, transfer, let, or lease Its property and franchises, or any part
thereof, to any corporation (not owning any competitive line of railroad In Utah.)
The company shall have power to create and Issue capital stock
to an amount not exceeding the amount authorized by and stated In
these Articles of Association, or any amendment or amendments
thereof, and from time to time to issue bonds for suoh snm or sums and
payable at snoh times and places and drawing interest at such rates
as the directors may deem proper.
itself
The amendment
is
rumored
the absorption of the Oregon
in Salt
RR.
&
V. 72, p. 776.
Bock Island Co. Application to List.—The New York
Stock Exchange has been asked to list $47,497,800 preferred
stock and $67,855,200 common stock.—V. 75, p. 981, 550.
Saco Yalley (Me.) Electric By.— Mortqage.
Boston,
is
— V. 75,
President.
Joseph (Mo.) Bailway, Light, Heat & Power Co.—
Bonds.— Redmond, Kerr & Co. have purchased this company's
entire present issue of $3,500,000 first mortgage b% 35-year
$1,000 gold bonds, dated Nov. 1st, 1902, due Nov. 1st, 1937,
without option of earlier redemption. Interest payable on
May 1st and Nov. 1st at the office of the firm. The mortgage is limited to $5,000,000, the remaining $1500,000 being
St.
issuable only for future betterments, additions, etc., after
the completion or acquisition of the same at 85g of the actual cost thereof. Trustees : Trust Co. of America, New
York City, and Missouri Valley Trust Co,, St. Joseph, Mo.
F. H. Monks of Boston has made an expert examination
of the plant and has furnished a favorable certificate as to
the physical condition, earnings and prosp30ts of the property.
President W. T. Van Brunt, in a letter to the bankers, says:
The company owns the entire street railway of the oity. comprising
about 40 miles of trolley line, and the entire commercial lighting and
power business of the olty. The prlnolpal street railway franchises
are perpetual, and the less Important ones (except one small branch
line) extend for periods of from 37 to 48 year*. The lines are so located as to praotloally exolude competing lines. The oompany has
the perpetual privilege of maintaining eleotrlo li<ht and other wires,
and (with the exception of the munloipal lighting plant, whioh Is
taxed to its extreme limit in supplying the municipal lighting,) the
oompany
controls the entire electric lighting and
casino, raoe track, buildings for State fairs, etc. It also controls the
ooal rights on 1,100 acres of land in one of the best ooal fields In the
State, insuring low oostof fuel and an additional source of revenue.
The first mortgage 5s are a first and only Hen on the entire property
now owned or hereafter acquired. The $3,500,000 are Issued in part
payment for the properties acquired and for the betterments and Improvements now contemplated, to cost approximately $100,000. In
addition $1,500,000 In cash obtained from the sale of stock has been
aoquirlng the property.
The combined earnings for the three calendar years were as follows:
1900.
1901.
1902.
$296,672
62,821
20,808
14,704
$351,652
69.489
22,533
17.680
$397,883
87,742
28,168
19,440
Totals
$395,005
Operating expenses (not lnoludlng taxes)
$461,254
234,815
$531,233
280,503
$222,439
$250,725
Railways
People's Traction Co. of Galesburg, 111.—New Stock.—
This company has certified to an increase of capital stock
Electric light
People's
$150,000.
Tramway
Co. of Killingly,
Conn.— Called Bonds.
—The $600,000 bonds of 1889 will be paid on Nov. 28 at the
New York Security & Trust Co. at 115 (not 105) and interest.
Pere Marquette RR.— Official Statement.—A leading
writes under date of Nov. 1 as follows:
Your telegram came la my absence. The Pere Marquette RR. Oo.
has not purchased sto^k In the Lake Erie & Detroit Railway, nor Is It
engaged in extending its line to Buffalo. I have no knowledge of
what— if anything— Is being done by individuals in the purchase or
sale of the stook of either of the above-named oompanles.— V. 75, p.
981,612.
Philadelphia Baltimore & Washington ItR.— Consoliofficial
— On
Nov. 1 this oompany was formed by
consolidation and merger of the Philadelphia Wilmington &
Baltimore RR. Co. and the Baltimore & Potomac RR.
dation Effective,
Officers— President, A. J. Oassatt; Secretary, Lewis Nellson; Treasurer, Robert W. Smith. Directors— A. J. Cassatt, William Sellers,
John P. Green, Edward Lloyd, E. Tatnall Warner, German H. Hunt,
N. Parker Shortridge, Preston Lea, John Oassels, William H. Barnes,
Charles E. Pugh, Sutherland M. Prevost, Samuel Rea, Christian C.
Ferlger, William A. Patton, Douglas H. Thomas, and John B. Ramsey.
-V. 75, p. 395.
Pittsburg Lisbon & Western BB.— Control,— The control
of thisfcompany is rumored to be with parties identified with
the Gould interests, among them Myron T. Herrick of Cleveland.-V. 75, p 907,794.
Ouebec Southern By.— Litigation. See South Shore Ry.
—
below. -V. 75, p. 612.
(juincy Railroad Bridge Co.— Offer to Purchase Control.
proposal has been received from the Chicago Burlington
& Qaincy to purchase the whole or any part, npt less than 55
percent, of the $1,750,000 capital stock before Jan. 1,1903,
paying therefor $200 per share in Chicago Burlington &
Qaincy Railroad Co.'s Illinois division mortgage 3>£ p. c.
bonds for $1,000 each, at par, any fractional part of a bond
A
—
In
The company owns extensive pleasure grounds, with olub house,
p. 794, 733.
from $100,000 to
power business
the olty.
Lake City to foreshadow expended In
Navigation Co.
— A mortgage
for $300,000 has been filed in favor of the Federal Trust Co.,
of Bostcn, covering the proposed line from Saco to Bonny
Eagle, in Standish, Me,, 16 miles. Elmer E. Abercrombie,
Power
Steam heat
Net earnings
The management of this property, being under the direct supervision
of Messrs. E. W. Clark & Co. of Philadelphia, should insure net earnings In the coming year of over $300,000 (exclusive of earnings from
ooal, estimated at least $20,000), against an Interest charge of $175,O0O. The population of the olty In 1900 was 102,979 and is now estimated at 110,000.
The capital stock is $3,500,000 5 p. c. non-cumulative preferred, of which $1,500,000 issued and $1,000,000 held in
treasury for future uses $3,500,000 common, all outstand;
ing.—V. 75, p. 186.
St. Louis & San Francisco BB.— Change in Ownership of
Stock.— B. F. Yoakum and James Campbell of St. Louis, it is
announced, have pnrohased the stock in this company held
by the trustees of the Cheney estate of Boston. V. P.
Cheney, who is one of the trustees, retains his personal holdings, which are large. J. & W. Seligman & Co. have also
disposed of their stock to the Western interests and at the
coming annual election will retire from the board.
The St. Louis interests have for some time past virtually
controlled the company through an agreement which placed
the voting power in their hands for five years. The recent
purchases, it is stated, place
trusteed stock is held by the
V. 75,
them in absolute control. The
Union Trust Co. of St. Louis.
p. 846, 553.
South Shore By.—Suit.— Alfred Schiffer of
this city has
brought suit at Montreal to require Hiram A. Hodge, W.
Saward Webb, Percival W. Clement and Frank D. White, as
directors of the Quebec Southern Ry., to show by what right
they act as directors and officers of company. Tbis suit is in
line with the effort of the reorganization committee to recover control of the property.— V. 75, p. 612, 550.
—
:
NOTEMBER
8,
THE CHRONICLE.
1902.]
—
Southern By.— Notice. Holders of stock trust certificates
are notified by the trustees that on payment of the 2% p. c.
preferred dividend Oct. 31, the voting trust agreement of
Oct. 15, 1894, ceased, save on stock represented by certificates
assenting to the extension of the trusteeship to Oct. 15, 1907.
No certificate which has not assented to the extension will
now be transferred or transferable. The only rights of such
certificates will be, on surrender, to receive certificates for
fully paid shares of $100 each of Southern Railway stock. In
case the amount of the stock issued on such exchange is sufficient to warrant on application to list the same on the New
York Stock Exchange, such application will be made in due
course. See advertisement on another page. V. 75, p. 982, 849.
—
Suburban Traction Co., Cincinnati.— Merged.— See Interurban Ry. & Terminal Co. above.— V. 74, p. 528.
Syracuse Geneva & Corning Ry.— Drawn Bonds.— The
Farmers' Loan & Trust Co. will pay on Nov. 15 |50,800 first
mortgage 7s called for redemption at par and interest.—
V. 74, p. 328.
Texas & New Orleans RR.— Extension. The shareholders
will meet Dec. 1 to authorize and provide for the construction of a railroad from a point in Jefferson County, Tex., at
or in the vicinity of Sour Lake Station, northerly to or
near Saratoga in Hardin County, Texas. V. 74, p. 681.
Traction Terminal Co., Cincinnati.— New Company.— In
connection with the agreement between the Cincinnati
Traction Co. and the Cincinnati Dayton & Toledo Traction
Co. (see that company above), the Traction Terminal Co. has
been incorporated, with $100,000 capital stock, to build a terminal station and terminal tracks in Cincinnati. Officers:
—
—
President, J. Benson Forafcer Jr., Vice-President of the Cinoinnati
Traotlon Co.; Vice-President. Frank N. Wiloox, of Cleveland, the General Counsel for the Cincinnati Dayton & Toledo Traotlon Co.; Secretary, N. 8. Keith, Seoretary and Treasurer of the Cinoinnati Trust Co.;
Treasurer, Dana Stevens, Treasurer of the Cincinnati Traotlon Co.
City Rapid Transit Co.— New Stock —The company
has requested the New York Stock Exchange to list the
$1,500,000 common stock cffered to the shareholders last
May. President Lowry is quoted as saying :
The company la doing a very large business and the earnings are
highly satisfactory. In fact our present facilities are hardly adequate to handle the traffic properly. The new power house will take
about three years to complete, and when finished will enable the company to Improve the service materially by largely increasing the
number of oars operated. No further new developments are contem-
Twin
plated for the present.— V. 74, p. 1253.
Wabash RR.— Option to Exchange Bonds, — Until
Charles Bridge first 6s
Charles Bridge second 7s
Jan.
1,
Brunswick
St-
& Chilllo'e RR. Co. 1st 8s.
& Omaha
Oot. 1,1908
10985
1903
1903
102-78
577,000 Julyl,1908
109-49
$1,000,00*0
888,500 Oot.
304,500 Aug.
1,
1,
10313
Louis Council Bluffs
RR.flrst6s
leaving a balance of $412,000 to be carried to surplus ac-
count.—V. 74, p. 938.
American Glue Co.— See Glue Corporation below.— V.
p. 932;
V.70,
75.
p. 684.
American Radiator Co.—President.— C. M. Woolley has
been elected President, to succeed the late Joseph Bond, and
J. B. Pierce, First Vice-President, has been elected a member
of the executive committee. The usual quarterly dividend
of \% p. c. will be paid on the preferred stock on Nov. 15.
V. 74, p. 677,
—
American Sault Ste. Marie Paper Co.— New Enterprise.
This company was incorporated in Maine on or about Oct.
16 with $4,000,000 authorized capital stock to build at the
Chandler & Dunbar water power at Sault Ste. Marie a sulphite and paper mill with a capacity of from 125 to 150 tons
of newspaper print every twenty-four hours. The incorporators are: J. P. Hummel, Cassius M. Paine and John H.
Gault of Milwaukee, and Theodore F. Rice of Chicago.
Hathaway & Brown of Milwaukee are receiving subscriptions for the $1,500,000 of 6 p. c. cumulative preferred stock,
a bonus of one share of common to be given with each share
of preferred. An option has been secured on 600,000 cords of
spruce timber at 75 cents stumpage, located on a stream flowing into White Fish Bay, a few miles from the mill site. Par
value of shares, $100; no bonds. President, Frank Perry,
Sault Ste. Marie; Secretary, Cassius M. Paine, Milwaukee;
Treasurer, Samuel Baker, Chicago.
American Steel Foundries Co.— Application
New York Stock Exchange has
been asked to
to
List.— The
$15,500,000
6 per cent cumulative preferred stock and $15,000,000 common
stock.—V.
list
75, p. 241.
American Sugar Refining Co.— Prices Reduced,— AM the
reduced their scheduled prices
for granulated sugar on November 5 from 4 65 to 4'55 cents a
pound. Yesterday B. H. Howell, Son
Co. reduced their
price to 4 '45 cents and the American Company further
shaded their list price.
These changes follow the recent
unsettling of prices in the Missouri River distriot through
the competition with the beet sugar interests. V. 74, p. 682.
local sugar refining interests
&
—
American Telegraph
& Telephone Co.— Output.—The
out-
put of instruments for the month ended Oct. 20 in 1902 and
1901 and for the 10 months ended Oct. 20 were
-—
Month
10 months
:
.
19(3, the company, through its agent the Central Trust Co,,
will exchange its first mortgage 5 per cent bonds, dated July
1, 1889, due July 1, 1939, at a valuation of 116-42 and interest, and in denominations of $1,000 each for the following
bonds, which are to be surrendered in multiples of $1,000 at
the valuation below indicated and accrued interest
St.
St.
1033
"Holders of St. Charles Bridge Co. first and second mortgage
bonds, who do not avail themselves of the foregoing offer,
are informed that the Waba9h RR. Co, reserves all its rights
to pay off all unexchanged bonds at par, at their maturity,
or surrender the bridge and mortgaged property to the
trustees in said mortgages or deeds of trust, to be sold for
the benefit of the holders of all the bonds secured by said
first and second mortgages, according to their respeotive
rights."
Friendly Control—See Pittsburg Lisbon & Western RR.
above.—V. 75, p. 850, 686.
Worcester & Connecticut Eastern (Electric) Ry.— Called
Bonds.— See People's Tramway above.— V. 75, p. 795, 348.
INDUSTRIAL. GAS AND MISCELLANEOUS.
A His- Chalmers Co.— Syndicate Dissolved.— The "Journal
of Commerce and Commercial Bulletin" says:
The underwriting syndicate organized in oonneotion with the flotation of the company expired by limitation on Nov. I. It is learned
that the syndicate subscribers have had returned to them a considerable part of the securities, the syndicate having failed to market the
entire issue, and it is understood that the unsold balance Is about one
half the total amount underwritten by the syndioate. Very little of
the oommon stook was distributed and apparently nearly all of this
issue Is now held by syndioate subscribers or by the vendors of the
properties acquired when the company was formed.
Application to List.—The New York Stock Exchange has
been requested to list the $16,250,000 preferred stock and the
$20,COO,UOO common stock.— V. 74, p. 1136.
American Bicycle Co.— Receiver's Certificates.— The $500,000 receiver's certificates were taken by the friends of the
company at par. They run for one year and bear 6 p. c. interest.
A further issue of $500,000 is said to be likely.—
V. 75, p. 850, 499.
To Oct. 20Gross output (number)
Net output (number)
Total outstanding Aug. 20
—V. 75, p. 612, 292.
1901.
1902
92,601
95,655 900,935
72,281 517,091
55,446
8,042,697 2,406,979
1902.
.
1901.
778,826
454,168
Atlantic Coast Lumber Co.— Foreclosure Suit.—The
Colonial Trust Co., as mortgage trustee, has brought suit in
the United States Circuit Court at Norfolk, Va., to foreclose
the mortgage executed July 1, 1901, to secure $2,000,000 of
$1,000 6 p. c. bonds. The plaintiff alleges that the defendant
company owes $1,000,000 over and above the principal and
interest of its bonded debt.
See V. 75, p. 982.
—
Bay Cities Water Co., California.— $10,000,000 Bonds.—
The shareholders will vote at the Mills Building, in San
Francisco, on Dec. 23, on issuing $10,000,000 of bonds. The
company was incorporated recently in California with $10,000,000 authorized capital
stock and it is said, has
large watershed in the neighborhood of th«
River.
The immediate construction of reservoirs is proposed. The Coyote watershed, according to the
report of experts, contains the only available water supply
for San Francisco and vicinity outside of the shed now
owned by the Contra Costa and Spring Valley companies.
Charles N. Beals, General Manager of the Bay Cities Water
Co., denies that it is an ally of the last-named company, and
says that all its water could be disposed of for irrigating purposes alone in the Santa Clara Valley. The real purpose of
the company is withheld.
The directors and officers follow:
acquired a
Coyote
W. S. Tevis, President; C. E. Worden, Vice-PresidentjIJF. G. Drum,
Treasurer; E. G. Wheeler, Sec, and Charles M. Beal, General Manager;
E. 8. PillBbury, H. C. Breedon, J. W. Byrne, Wakefield Baker.
Bell Telephone of Buffalo.— Increase' of Stock.—The shareholders will vote Nov. 15 upon a proposition to increase the
capital stock from $5,000,000 to $10,000,000.— V. 74, p. 886.
Berlin (Paper) Mills.— Purchase.— The "Monetary Times"
of Toronto on Oct. 3 said:
We learn from Quebec that on Saturday last Theo. p. Burgess,
President of the Bargess Sulphite Pulp Co. [oon trolled by the Berlin
Mills], closed a deal with the Department of Lands, Forests and Fisheries for the purchase of 600 square miles of timber limits on the upper
St. Maurice River.
The company intend bringing their pulpwocct
down the St. Maurice to the St. Lawrence, opposite Three Rivers,
where they have secured two miles of deep water beaoh and will ship
to their mills In Berlin Falls over the Grand Trunk Railway. See circular in V. 75, p. 795.
Brooklyn Union Gas Co.— New Secretary.— Assistant SecAmerican Can Co.—New Vice-President.—L. Muench has retary Rossiter has been elected Secretary.— V. 73, p. 1063.
been elected Vice President to succeed H. F. Aikin, deoeased.
Capital Freehold Land & Investment Co.— At the recent
—V. 74, p. 1091.
annual meeting in London, it was announced that £110,000 of
American Cotton Oil Co.— Dividend Increased.— On Thurs- the £1,000,000 debentures had been drawn and paid off from
day the company declared a dividend of 6 per cent on its the proceeds of sale of the land sold during the year, and
common stock, payable, viz., 4 p. c. on Dec. 1, 1902, and 2 p. that sufficient remittances have been received in the last few
o. on June 1, 1903.
The previous distributions were as fol- weeks to make possible further drawings for £110,000.— V.
lows: In 1898, 3 p. c; 1899, 4 p. c; 1900, V/ p. c; 1901, 2 p. o. 74, p. 381.
%
The net earnings for the year ended Aug. 31, it is stated,
Cedar Rapids (la.) Water Co.— Decision.—The Supreme
were sufficient to provide for the dividends now declared, Court of Iowa, on October 27, handed down a decision
—
—
—
THE CHRONICLE.
1034
reversing the decision of the lower court and holding that
the company's franchise expired in 1901 and is not perpetual,
as was claimed. The city, it is further held, has the right to
regulate the rates charged for water, and the rates proposed
are held valid, as they permit the company to earn 5>£ per
cent on the total amount of its stock and bonds.— V. 73,
p. 1358.
—
Chillicothe (Mo.) Water Co.— See City Water Co. below
V. 74, p. 154.
City Water Co., of Chillicothe.— Successor Company.—
This company has been incorporated in Maine with $175,000
authorized capital stock, as successor of the Chillicothe
(Mo.) Water Co. foreclosed (V. 74, p. 154) and in process of
reorganization by Street, Wykes
Co., 44 Wall St. The old
5 p. c bonds are to be replaced by income bonds, dollar for
dollar: issue, f 100,000
President, E. Caswell; Treasurer,
C. D. Booth, both of Portland, Me.— V. 74, p. 154,
&
—
Colorado fuel & Iron Co. Petition Denied. Judge Sanborn, in the United States District Court of Appeals, at St.
Paul, on Oot. 31, declined to grant permission to stockholder
Bartlett to appeal from Judge Caldwell's order for an election of officers to be held Dec. 10 under the supervision of
Special Master Thompson. The right to appeal is denied on
the common rule among Federal judges in oo-ordinate offices
not to reverse decisions made by their fellow judges of the
same court, unless some gross error on tie part of the other
judge can be shown.— V.
Distillers' Securities
75, p. 982, 908.
Corp oration.— Proposals for Bonds.
— Proposals for the sale of $500,000 5 per cent collateral trust
gold bonds of the Distilling Company of America, due Jan.
1, 1911, will be received by the Mercantile Trust Co. at its
office on or before Nov. 15, and payment for the bond3 ac
cepted will be made on Dec. 8, 1902 —V. 75, p, 983, 850.
Dominion Coal Co.— Contract—See Massachusetts Gas
Companies below.— V. 75, p. 500, 188.
Glue Corporation. Successor Company.—This company
was incorporated in New Jersey on October 29 with $6,000,000
authorized capital stock, of which $2,000,000 is 8 per cent
cumulative preferred. Incorporators: Noel Gale and John
F. Charlton of New York and Richard F. Tally of Jersey
City; President, Tarrant P. King, son of D. Webster King,
the President of the American Glue Co.
The "Boston News Bareau" says:
A lively fight for the oontrol of the Amerioan Glue Co.
is
apparently
in prospect, judging from recent circulars sent to stockholders. The
American Company was formed August. 1, 1892, by a consolidation
of various rival glue companies, principally the companies controlled
by D. Webster King and W. King Upton, who are President and VicePresident, respectively, of the Amerioan Glue Oo. It has outstanding
$1,600,000 8 per cent cumulative preferred stock and $800,000 com
mon stook. which is receiving dividends at the rate of 4 per cent per
annum. Of the stock the King family own between 3,500 and 4,000
shares and the Upton family between 7,000 and 7,500 shares.
The first knowledge of any disturbance in the relations between the
managers of the business was the receipt of a printed circular whioh
stated that it was proposed to organize a corporation under New Jersey laws for the purpose of acquiring the capital stook and ultimately
the properties of the American Glue Co., with $2,000,000 8 per oent
cumulative preferred stock and $1,000,003 common stook, all the
stook to be Usued to voting trustees for five years, to be represented
by beneficial trust
For the present
certificates.
stock, voting trust oertifloates will be given on the
basis of one share of new preferred and one share of new common for
every share of Amerioan Glue Oo. preferred stook and one share of
new preferred and one share of new common for every two shares of
old common stook. The Massachusetts Trust Co. is named as depository, and D. Webster King, Everett J. Stevens, Andrew J. Ward and
Augustus P. Lor lug are denominated a committee to carry out the
above plan for lodging the oontrol of the American Glue Oo. with the
new corporation.
The King interests In the company are understood to be back of this
movement and they claim to have a majority of the stock deposited
under the plan. Minority stockholders claim that this is a soheme of
the King family to seoure perpetual oontrol.
Great Northern Paper Co.—Earnings. —The company reits net earnings as about $600,000 per annum, being
equal to 9 p. c, upon the $5,000,000 of stock, after payment
of interest upon $3,000,000 of 5 per cent bonds.— V. 75, p. 613.
ports
Greene Consolidated Copper Co.—New Stock.—The shareholders on Wednesday authorized the increase of the capital
stock from $6,000,000 to $7,200,000.—Vol. 75, p. 909.
&
Hawaiian Securities Co.— Amalgamation.— C. Brewer
Co. of Honolulu are preparing to organize this company
under the laws of New Jersey, with $12,000,000 authorized
capital stock in $100 shares, of which $6,000,000 to bs 7 per
cent non-cumulative preferred, to take over the control of
the following sugar plantations, for which the new stock
will be issuable as follows :
Plantation.
Hawaiian Agricultural Co
Same, new stock....
Wailuku
Onomea
Honomu
Preferred.
$2,000,000
400,000
1,750,000
1,(100,000
750.000
Common.
$2,000,000
400,000
1,750,000
1,000,000
750,000
Total
$5,900,000
$5,900,000
of sugar in 1901 from the four plantations
stated as follows : Wailuku, 7,902 tons: Hawaiian Agricultural, 10,956 tons; Onomea, 8,722 tons; Honomu, 4,401 tons.
Tne output
International Nickel Co.— Furchase.— A press despatch
at a meeting of the Nickel Corporation on Nov. 4 an offer was submitted from the Iaternational
Nickel Co. to purchase the British concern on the basis of
from London says that
"fifty shillings worth of shares of the Iaternational Company
for every £5 share of the English company." The proposition,
it is believed, will be accepted.— V. 74, p, 832.
[Vol.
LXXV.
International Telephone Co. of America.— CapitalizaThe mortgage recently filed to the Trust Co. of the
Republic as trustee will secure not exceeding $100,000,000 of
5 p. c. $500 and $1,000 gold bonds, dated July 1, 1902, and due
Jaly 1, 1952, without option of earlier redemption. The
present issue will be $20,000,000. The authorized capital stock
is $200,000,000, of which $50,000,000 is 6 p. c. cumulative preferred; the present issues are $120,000,000 common and $50,000,000 preferred; par of shares $100. Officers: President,
S. B. Rinehirt, Waynesboro, Pa.; Secretary, Henry F. Fav;
Treasurer, Wm.B. Ealen. Offl ;e 719-721 Thirteenth St., N.
W., Washington, D.
V. 75, p. 668.
Lehigh Coal & Navigation Co.— Dividend Reduced.—The
company has declared a semi-annual dividend of 2 p. c. payable Nov. 28 on stock of record Nov. 5. This makes 5 p c.
paid in the calendar year 1902, contrasting with 6 p.c. in 1901,
tion.
—
C—
,
mNew
p. c. in 1900
and
4 p. c. yearly 1895-99.
Stock.— Shareholders of Nov. 5 have the right to subscribe at par to $1,436,665 new stock to the extent of 10 p c.
of their present holdings, subscriptions to be made and paid
in full between Nov. 15 and Deo, 1.
The proceeds will be
used to pay for improvements made and to be made, and to
supply working capital.— V. 74, p. 527.
Massachusetts Gas Companies.— Coal Contract.— General
Manager Shields, of the Dominion Coal Co., as quoted, says:
Oar contract terminates with the New England Gas & Ooke Co. SO
days from Tuesday, Oct. 21. The oontraot was originally made for
25 years; but the assignment of the cm tract and other violations
by the gas company invalidate it.
We considered that the contract expired Immediately on the assignment, but we gave the company 30 days' notice in order that they might make arrangements to
procure ooal elsewhere if they so desire. At the same time we gave
the company a price at which we would ship them ooal in the future,
and It Is possible that they may aocept our offer. If they do not, of
course all shipments to Boston for the Gas & Coke Company will
cease at the expiration of the time I have named. See V. 75, p. 909.
Michigan Telephone Co.—Protective Committee.— At a
recent meeting of minority stockholders, held in Djtroit, at
which were represented about $200,000 of stock, a committee
was appointed for the purpose of investigating generally into
the affairs of the company. This committee has, within the
past week, examined into the condition of the company as far
a? it is possible without the employment of experts, and
has appointed a protective or holding comm :f tee consisting of
Charles F. Hammond of Detroit, Samuel T. Douglas of Detroit
and George W. Patterson of Ann Arbor. Each stockholder is
requested to remit 25 cents per share to H. J. Fox, Cashier
of the Central Savings Bmk, Detroit, to cover the expenses
of the committee, Certificates should be forwarded to
Samuel T. Douglas, Chairman, 85 Moffat Building, Detroit.
Report of Consolidated Mortgage Bondholders' Committee.
Toe committee has issued a circular sayiag in substance:
Under the agreement of June 28, 1902, there have been deposited
with the Old Colony Trust Oo. $ J, 966, 000 consolidated mortgage bonds,
leaving $749,000 ontstanding. Theoommlttee has caused to be prepared a Dill for the foreclosure of the mortgage, and this bill, signed
t>y the Old Colony Trust Co., has been filed in the Clrouit Court of the
United States for the Eastern Distrlot of Michig in. It will be brought
to trial If possible at ths next session of that oourt, in February, 1903.
A careful appraisal of the property has been made by experts employed by the American Telephone & Telegraph Co. Their results, as
thoroughly revised In the interest of the bondholders by Messrs. Stone
property,
<fc Webster, show that the present value of the physioal
based on the cost of replacement, is greater than the amount of the
mortgage bonds. It is claimed by the offioers of
first and consolidated
the American Telephone &. Telegraph Co. that this replacement valuation exceeds the value from an operating standpoint for the reason
that the earning capacity is not sufficient to pay Interest on the bonded
debt. This position the oommittee strongly contest.
Slnoe the beginning of the present year the Mtohigan Telephone Co.
has been controlled by the Amerioan Telephone & Telegraph Co. and Its
business has slnoe that date steadily improved. Its earnings have gone
nto needed extensions and Improvements, and have no: been devoted
to retiring floating debt. The oommittee believe that the property is
being managed without prej udtoe to the Interests of the bondholders
and in the best manner to Improve the property and business. The
offloers of the mortgagor have given theoommlttee all information of
every kind that was asked, and it therefore seem wisest to the oommittee not to incur tie heavy expenses generally entailed by the appointment of a receiver. This, however, can be done at any time if
oooasion should arise. Every etf >rt will be used to bring the matter to
a speedy oonolusion.— V. 75, p. 983, 851.
Niagara Falls Power Co. Power from New Plant. On
Oot. 31 the company began furnishing power from the first
generator of 5,000 horse- power erected in power house No. 2.
The station, when completed, will furnish 55,000 horsepower, making the entire capacity of the company 105,000
horse-power.— V. 74, p. 1143.
—
,
—
North Shore Gas Co.— Bonds Offered.—-The Thompson,
Tenney & Crawford Co. is offering $150,000 of the outstanding $459,000 first mortgage 5 p. c. $1,000 gold bonds. These
bonds are dated Jan. 1, 1901, and are due Jan. 1, 1931, but
subject to call at 105 after Jan. 1, 1906. Interest payable
Savings Bank, Chicago, trustee.
quarterly at Illinois Trust
A circular says in part:
The company was organized in December, 1900, and serves the
Illinois towns of Waukegan, North Chioago, Lake Bluff. Lake Forest,
Hlghwood, Fort Sheridan and Highland Park, under franchises running 45 years. These towns are all practically suburbs of the Olty of
Chioago and have a well to do population whioh 18 increasing very
rapidly. The sales of gas are now on the basis of over 50 million feet
per year, and are growing with unusual rapidity. The net earnings as shown by the last monthly statement are well in excess of
all fixed charges and it is estimated that for the following year the
surplus receipts after paying all operating expenses will equal or exceed $35,000. The average net price received Is only a few oents more
than$l. About 1,200 stoves are now In use and nearly 1,700 meters
Volney W. Foster, Rutus O. Dawes,
are in operation. Directors:
Ohas. T. Boynton, W. Irving Osborne, A. V. Foster.
The authorized issue of bonds is $700,000.— V. 72, p. 583;
&
V. 71,
p. 1015.
I3^For other Investnieui News
see
Pases 1043 and 104
1.
g
.
November
S,
THE CHRONICLE.
1902.]
1085
fUports aitd ^otxxmmis.
& NASHVILLE RAILROAD CO.
LOUISVILLE
ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
FIFTY-FIRST
To the Stockholders of the Louisville & Nashville BR. Co.:
The Board of Directors of the Louisville & Nashville Railroad Company respectfully submits the following report for
the fiscal year ending June 30, 1902:
LENGTH OF ROADS JUNE
I.— Lines Operated.
(1)- Lines Owned
(2)- Lines Operated but not
Brought forward
Bonds deposited with August Belmont
Co., Trustee, as collateral to secure
3,175-13
Sinking
26900
pay-
Cecilia
325,000
Fund
& Nashville South <fe
North Alabama RR. Trust
Deed Sinking Fund
1,199,000
3,444-13
468,000
1,667,000
is
21,411,000
Outstanding Bonded Debt June 30, 1902
The General Results for the year, as given in detail in
Table No. I, are thus summarized:
Credits to Income—
From Traffic (Net Earnings)
FromRents
From Investments
From Other Sources
1,822-84
this Company, but Oper-
ated by Other Companies.
& Memphis Division (Leased to N.
Ry. at 5 per cent on cost of road)
Clarksville & Princeton Br.— Gracey to
Paducah
C.
$89,605,660
GENERAL RESULTS.
Central Transfer Ry. & Storage Co., Louisville (one-67
half of the Capital 8tock owned)
Georgia Railroad and Dependencies (interested as
62600
Joint Lessee)
Atlanta Knoxville & Northern Railway (a majority of
228-14
the Capital Stock owned)
Owned by
$9,809,819
460,349
389,212
151,460
&St. L.
Charges Against Income—
Interest on Bonded Debt
254-20
Princeton
(Leased to O. V. RR. Co. at $12,039 70 per anuum)..
20-70
5,541-87
Attention is called to the tables submitted herewith for
details of the year's business:
I.— Income Account, Fixed Charges, etc.
II.— Profit and Loss Account.
III.— General Balance Sheet.
IV.— Bonded Debt, in Detail.
V.— Securities Owned by the Company.
VI.— Gross Earnings, Operating Expenses and Net. by months.
VII.— Gross Earnings, Operating Expenses and Net, summarized.
53
13
20
24
$10,810,841 10
$4,708,345 19
Rent and Taxes
1,110,747 11
Sinking Funds
141,100 00
South & North Alabama RR. (Surplus
Earnings)
71,877 33
Unfunded Discount
53,464 36
274-90
Total.Mlleage
$rr/,oi6,66o
Louisville
Interested,
but Operated Under Separate Organization.
Nashville Chattanooga & St. Louis Raiiway (a ma941-66
jority of the Capital Stock owned)
Birmingham Southern Railroad (one-half of the Capi26-37
tal Stock owned)
III.— Lines
$/o,4i9,coo
in Sinking Fund:
Memphis, Clarksville & Louisville
RR. First Mortgage
Length, in Miles.
Total lines operated
II.— Lines in Which This Company
1902.
&,
Branch Bonds:
Unified Fifty year 4% Gold
Bonds of Louisville & Nashville RR. issue
ment of
30, 1902.
Owned
30,
6,085,533 99
Net Income
for the
Year
$4,725,307 11
GROWTH OF
The growth
TRAFFIC.
of traf. c for the past ten years
is
shown by
the following table:
CAPITAL STOCK.
The Capital Stock has been increased during the ye&r to
by the issue of $5,000,000 of Stock, which was
authorized by the Stockholders on November 8, 1893. This
additional Stock has been sold by authority of the Board of
Directors.
BONDED DEBT JUNE
The Bonded Debt as per Table No. IV,
year's report, was
„
Bonds Issued—
Oross
Operating
Net
Earn'gs,
Earnings. Expen.
Oper't'd
Miles
30, 1902.
$111,138,660
"Unified 50-year Four-per-cent Gold, issued
for the following purposes:
For Memphis & Ohio RR. Sterling Mort. bonds redeemed...
For Bonds redeemed for Sinking
Fund
1«92 93. 2.942'
1893-94.
1891-95.
1895-96.
1896-97.
1897-98.
1898-99.
1899-00.
1900-01.
1901-02.
last
2,965'
2,956'
new
4.554 88
4,64 5 95
4,993 88
6.264 64
6,185 97
8,1«9' 27 *28022207 '18233034 9.789,17:-! *t-841 84 *6753 0~
^,326' ?5!*3 712257 *2o9J2438 9,809,820 *9231 91 *62s3 14
20,^90,711
20,372,308
2.H88' 00121,996,653
2,988' 16 [23,759,486
3,007 35127,742,379
2,965
2,980
176,000
lines
Five-twenty. Collateral
4% Gold, Exchanged
26
27
78
67
8S
77
77
Expenditures for equipment, and for improvements and
:
$113,567,660
Bonded Debt June
1
30, 1902
Decrease from last year
$122,000
30, 1902,
$111,016,660
Unified 50-year 4%, Gold
4,704,000
Paducah & Memphis Div. 50year 4%, Gold, First Mort
2,379,000
Five twenty, Collateral Trust,
.
733,000
Atlantic RR. Co.
803,000
6"/,
8,619,000
„ „ deposited with United
Bonds
States Trust
Co. as collateral for Five twenty, Collateral Trust, 4% Gold Bonds:
Unified 50-year 4%, Gold
8,400,000
Paducah & Mempuis Division
4%, Gold,
Ky
Rails—Value of the difference in weight of new steel
laid replacing rails of lighter weight
Reduction of grades
,
Telegraph lines
rails
Embankments
Filling trestles
„
Bridges
Raising trestle and approaches— S. & N. A. RR
Wharf improvements— Mobile, Ala
Dredging— Mobile, Ala
Dredging— Pensacola. Fla
Raising Track— to ile 795, N. O. & M. Division
Raising Track-Mile 282, Memphis Line
Raising Track— Near Peterman, Southern Alabama RR.
Tunnels- Kentucky Central Railway
Tunnels-O. & N. Railway
Tunnels— Cumberland Valley Division.
Fetaining Walls- Cumberland Valley Division
Reconstruction of Stony Fork Branch— Middlesb'gh RR..
Second Track- Rankin,' 111., to East St. Louis
Electric Lights in Shops at Louisville, Ky
Electric Lights in Shops at New Decatur, Ala
FJre Protection— South Louisville, Ky
Change in Alignment of Track— Mile 246, N. & D. Div....
Sewer
First
$440,700 19
273,633 16
76,295 09
165,306 91
4,945 54
56,836 94
3,625 33
30,842 05
68,767 96
1,607 47
38,966 55
v
$111,016,660
4",,
for the various shops
Improvements— South Louisville,
Improvements—Memphis, Tenn
Improvements— Henderson, Ky
2,551,000
$188,000 00
36,541 81
193,478 61
10,200 00
12,479 77
steam wrecking car
Sidings
Ballast
Buildings
Interlocking arrangement
Real estate
Right of way
Wire fencing on line of road
2,000,000
The Bonded Indebtedness June
as shown above, is
From tohich Deduct Bonds in the Treasury:
Equipment and improvements thereof—
Looomotive equipment
Passenger equipment
Freight equipment
New machinery
Trust,
Total Bonds redeemed
Mortgage
2,322
2,188
2,367
2,686
3.038
3.088
2,948
additions to the property, during the fiscal year, charged to
Operating Expenses, are as follows
Deduct Bonds Rediemed —
General Mortgage Gold, for
Sinking Fund
$310,000
Cecilia Branch, for Sink. Fund..
56,000
Evansville Henderson & Nash.
Div. Gold, for Sinking Fund...
50,000
Pensacola & Atlantic RR. First
Mort. Gold, for Sinking Fund.
49,000
Louisville Railwty Transfer Co.,
matured
5,000
Memphis & Ohio RR. Sterling
Mortgage, matured
81,000
Fifty-year
6,885.605 6.877 14
6,523,090 6,834 22
7,074.9-23 7.361 66
8,027,898 7.951 21
9,138,973 9,'224 85
8.0P0
689,000
2,429,000
&
13,505.206
13,849,218
14,921,730
15,731,588
18,603.406
64-20
62-63
63-69
66-23
67-98
67-84
66-21
67-08
66-07
66-06
IMPROVEMENT ACCOUNT.
Total
Gold,
Earn.
Mile.
1,476,000
For purchase of stocks in controlled companies
For additional equipment
Gold
Pensacola
_
Mile.
$
$
'22,403,039 14,382,642 8,020,997 7,616 OH 4,888 68 2,726 35
18,974,337 11.863,785 7,110,552 6,418 97 4,013 48 2,405 49
19,275,994 12,277.773 6,998,221 6,521 01 4,153 53 2,367 48
For construction and purchase
of
Mile.
Net \PerCt.
Earn'gs\of Exper
pen., to
Freight on Company's property eliminated.
*
$80,000
Gross Over at'
Earn'gs Expen.
per
per
Aver.
rears.
$60,000,000
in Diokerson Street,
Sundries
Montgomery, Ala
58,902
24,659
11,222
6,267
17,850
47,988
2,878
13,599
12,128
39,868
646
363
987
79
93
18
25
17
92
63
60
44
14
87
45
20
86
91
87
16,540
34,241
12,056
2,342 7
16,406 72
<
439 45
503 25
958 65
70182
333 54
3,385 08
476 21
2,400,000
10,800,000
Total
$1,487,277 19
:
—
:
,
THE OHKONICLE.
1036
COST OF ROAD AND EQUIPMENT.
Outst'd'g
$120,C3 1.168 24
To which, add the following
Main Stem$1,059,382 16
Memphis Line—
Expenditures on Memphis Connection
track, right of way
Southern Alabama Railroad —
120 55
Expenditures for improvements
Louisville Cincinnati & Lexington Ry—
Expenditures for New Section House,
160.121 68
$1,352 48
$1,203 00
128 48
Expenditures account of right of way
13010
—
Florida Railroad
Expenditures for improvements and extension..
Shelbyville Bloomfield & Ohio Railroad
.
—
Expenditures for purchase
213,082 83
.
250,00000
—
Tennessee Railroad
Expenditures for purchase
50,00000
Birmingham Selma & New Orleans Railway—
Expenditures for purchase
819,936 52
—
Shelby Railroad
Expenditures for purchase
180.764 64
$2,783,586 86
Credits
Cumberland Valley Branch—
Timber sold
Mobile & Montgomery Railway-
•168 00
Land sold
Oneonta <£ Attalla Railroad—
1,415 75
Material from tracks taken
up
60 45
St.
1,540 00
760 00
2,290 00
Cecilia BranchSoli to Chicago St. Louis
& New Orleans Ry. llllinols Central RR.)
1,000,000 00
Bal. closed Into "Profit
and Loss"
397.82837
1,401.261 27
1,822,325 69
30, 1902, as
per Table No. Ill
$121,356.483 83
RAIL8.
At the
were
close of the fiscal year
ended June
there
30, 1901,
in track
.
1692
rails
Total
3,180 73
There have been added during the year
& Ohio Railroad
Wilton Branch
Cumberland River & Tennessee Railroad
Middlesborough Railroad, Extension
Birmingham Selma & New Orleans Railway
:
26-72
3-97
12 62
3-00
50-11
Shelbyville Bloomfield
There have been transferred
" Lines Leased and Controlled
Alabama & Florida Railroad
from
77-57
10-06
Henderson Bridge Railroad
87-63
184-05
There have been taken up
:
Clarksville Mineral Branch, on acc't of change of line.
0-68
183-37
Total
3,364-10
1902
;
Steel rails
Iron
3,349-73
14-37
rails
Total
3,364-10
1902-1903.
&
Alabama
Nashville-South
RR. Trust Deed
&
North
Oct
1,
EvansvilleHenderson&NashvilleDiv.Dec. 1,
Pensacola & Atlantic Railroad
Feb. 1
Cecilia Branch
Mar. 1,
General Mortgage
June 1,
South
South
South
& North Alabama RR. Sterling..Nov.
& North Alabama RR. Sterling. Dec.
& North Alabama RR. Storling..May
1902.. $20,000
"
1902. 60.500
1903. 59,400
1903. 65,000
1903. 359,700
1902. $66,144
1902.. 53,350
1903.. 66,144
Total
185,633
750,238
GUARANTIES FOR OUTSIDE COMPANIES, ETC,
1902-1903.
Lease of the Georgia Railroad
Louisville & Nashville RR. Co. and Atlantic Coast Line, joint
Lessees, from July 1, 1899.
Total yearly rent under the lease $600,000, L.
N. guartees one-half
$300,000
&
By
reference to Table No. 1 it will be seen that there
a profit on this lease for the past year of $72,920 00.
The
mated
INTEREST CHARGES FOR 1902-1903.
Income Account are
interest charges against
as follows :
&
Louisville
RR
Co. 1st
& Nashville-South &
North
for
Louisville & Nashville Railroad Company's Issue of Bonds.
67 Louis. & Nash. RR. 596 Trust Gold Bonds,
Sl.OOOeaoh
$67,000
34 Louis. & Nash. RR -South & North Ala. RR.
Trust Deed Gold Bonds, 696. $1,000 each..
34,000
339 Louts. & Nash. RR. Unified 50 year 496 Gold
Bonds, $1,000 each
339,000
2 Pensa. & Atl. RR. 1st Mort. Gold Bonds, 6%,
2.000
$1,000 each
26 Kentucky Central Ry. 1st Mort. Gold Bonds,
26.000
4%, $1,000 each
Total Louis. & Nash. RR. Co.'s issue of bonds
$168,000
22.000
22 S. &N. Ala. RR. 5% Con. Mort. Gold Bonds, $1,000 each.
$490,000
Total
North Alabama Railroad
The Trustee of the South
Company Sterling Mortgage holds the following bonds for
the Sinking Fund, and cash uninvested $1,167 98:
Louisville & Nashville Railroad Company's Issue of Bonds.
235 Louis. & Nash. RR. 596 Trust Gold Bonds,
$235,000
$1,000 eaoh
5 Louis. & Nash RR., Pensacola Div., 1st Mort.
5,000
GoldBonds, 69 $1,000 each
38 Louis. & Nash. RR. Gen. Mort. Gold Bonds,
38,000
696, $1,000 each
180 Pensa. & Atl. RR. 1st Mort. Gold Bonds, 6%,
each
180,000
$1,000
494 Louis. & Nash. RR. Unified 50-year 4% Gold
494.000
Bonds, $1,000 each
.
$952,000
Total Louis. & Nash. RR. Co.'a issue of bonds
117,000
117 S.&N. Ala.RR. 596 Con. Mort. Gold Bonds, $1,000 each.
15,000
15 «. & N. Ala. RR. Sterling Mort. Bonds, £200 each
Total
$1,084,000
,
561,600
1,
1,
1,
Clarksville
was
EQUIPMENT.
The following is a statement of the equipment acquired,
destroyed and sold during the year:
Locomotives—
On hand July
563
36
1. 1901
Bought during the year
From
esti-
•
Mort. Bonds, £200 eaoh.
2,000
Total Louis, & Nash. RR. Co 's issue of bonds ...$1,199,000
2 Nash. Chat. & St. Louis Ry 1st Mortgage Tracy City
Branch Bonds. 69o. $1,000 each
2,000
59,000
59 S. & N. Ala. RR. 596 Con. Mort. GoldBonds, $1,000 each.
64 Nash. Chat. & St. Louis. Ry. 1st Con. Mort. Bonds, 5%,
64.000
$l,<j00each
Total
$1,324,000
&
PAYMENTS ON ACCOUNT OF SINKING FUNDS, ESTIMATED,
Louisville
Memphis
The Trustee of the Louisville
:
30,
30,850
Alabama Railroad Trust Deed holds the following bonds
the Sinking Fund, and cash uninvested $2,571 50:
9642
In track on June
617,000
Louisville & Nashville Railroad Company's Issue of Bonds.
122 Louis. & Nash. RR. 5% Trust Gold Bonds,
$122,000
$1,000 each
18 Pensa. & Atl. RR 1st Mortgage Gold Bonds,
18,000
6%, *1, 000 each
100 Nash. Flor. & Sh Ry. 1st
:rt. Gold Bonds,
100,000
596, $1,000 each
890 Louis. & Nash. RR. Unified 50-year 4% Gold
Bonds, $1,000 each
890,000
36' Pensa. Div. 1st M. G. Bonds, 6%, *1,000 each.
36,000
15 Louis. & Nash. RR. 1st Mort. 596 Gold Bonds,
$l,000each
15,000
16 Kentucky Central Ry. 1st Mort. Gold Bonds,
16,000
496. $1,000 each
2
Miles
3,163*81
,
Steel rails
Iron
892,000
3,258,000
1,741,000
4,940,008
1,749,000
28,398,000
6,700,000
400,000
18,958
108,475
32,640
210,000
90,000
115,560
300,000
60,000
62,440
146,610
103,110
247,000
87,450
1,135,920
268,000
28,000
M
1,397,328 37
Total Cost June
32=s,0G0
1,840,000
544,000
3,500,000
3,000.000
1,926,000
5,000,000
1,000,000
BONDS IN THE SINKING FUNDS JUNE 30, 1902.
The Trustees of the Memphis Clarksville & Louisville Railroad Company First Mortgage hold the following bonds for
the Sinking Fund, and cash uninvested $1,915 81:
69 16
Louis RyAmountawardedfor right
of way condemned by St.
Louis &0'KallonRy.Co.
Land sold
&
$533,025
10,035
180
Less cost of rec'dlng deed.
Southeast
& Nash, and Mob. & Mont'gry Ry. Co.
Interest.
$8,911,000
1,994,660
4,000,000
180,000
4*2% First Mortgage Gold Bonds
6,767,000
270,680
Five-twentv Collateral Trust 4% GoldBonds.
Nash Flor.&Sheffl.Ry. 1st M,5% Gold Bonds
1,996,000
99,800
Lou. & Nash.-Southern.Monon Collateral 4%
Joint Gold Bonds
227,360
5,684,000
City of Louis., Lebanon Branch Extension
Bonds, 6%, due Oct. 15. 1893
1,000
Louis. Cin. & Lex. Ry. 1st Mort. Bonds, 7%,
due Jan. 1, 1897
3,000
Consolida'd M. Bonds, 7%, due April 1. 1898
7,000
Memphis & Ohio RR.' Sterling Mort. Bonds,
5.000
7%, due June 1,1901
Total Louisville & Nashville RR. Co. ... $95,198,660 $4,365,913
Nashville & Decatur RR. Stock (interest at
118,061
1,574,150
7*a% is guaranteed)
Nash. & Decatur RR. Stock, owned by L. &
N. RR. Co. (7^% dividend on the same accrues to the L. & N RR.Co.)
1,971,600
147,870
South & North Alabama RR. Sterling Mort.
Bonds, <5?6, endorsed by L. &N. RR. Co...
188,750
3,130,190
South & North Alabama RR. Consol Mort.
238,550
Bonds, 5%, endorsed by L. &. N. RR. Co...
4,771,000
Grand Total
$106,645,600 $5,059,144
Shelby Cut-off—
d-
Mem.Clark.&Lou.RR. Sterling M. Bonds, 6%
Cecilia Branch 1st Mortgage Bonds, 1%..-.
Louis.
1,224 00
Cumberland River
6%
Bonds
24 00
d-
General Mortgage Gold Bonds,
Evans. Hend. & N. Div. 1st M. Bonds,Gold 6%
Pensacola Div. 1st Mort. Gold Bonds, 6% ...
So'east& St. Lo. Div. 1st M. Gold Bonds, *%.
So'east & St. Lo. Div. 2d M. Gold Bonds, 3%.
Lou. & Nash RR. 6% Sikg. Fund GoldBonds.
N. Orle's & Mob. Div. 1st M.GoldBonds.6%.
N. Orle's & Mob. Div. 2d M. Gold Bonds, 6%.
Lou. Cin. & Lex. Ry. 2d M. Bonds, 7%
Lou. Cin. & L. Ry. Gen. M. Gold Bonds, 4^%
Pensacola & Atl. RR. 1st M. Gold Bonds, 6%
Five per cent 1st M. Trust Gold Bonds
First Mort. 5% Fifty- Year Gold Bonds
Unified Fifty-Veai- 4% Gold Bonds.
Kentucky Cent. Ry. 1st M. 4% Gold Bonds..
Maysville & Lex. RR. North. Div. 7% Bonds
St. Louis Prouerty 20-year 596 Gold 1st M.
Cost of 8 consolidation locomotives ... $ 125,065 87
Cost of l.sol freight cars built In com934,30629
pany's shops
Alabama
Bonded Amount of
Indebtedness.
The Cost of Road June 30, 1901,
was
etc., at Pewee Valley
Less—Am'nt received for
right of way from Louisville Anchorage & Pewee
Valley Electric By
Sale of old Section House
at Pewee Valley
LXXV.
[Vol.
ivhich
599
Deduct—
Destroyed during the year
Sold during the year
On hand June
30,
1902
8
2
10
589
—
:
November
THE CHRONICLE.
1902.]
8,
1037
GENERAL REMARKS.
There has been charged to Operating Expenses, Locomo-
The cost to replace
of $1,575,537 86.
eight locomotives destroyed, viz., $52,000, is included in this
amount, which charge fully perpetuates the Locomotive
Equipment for the year. The cost of thirty-six locomotives
bought has been charged as follows:
To Reserve Fund for Rolling Stock, Looomotlve Equipment—
$341,809 66
Twenty-eight locomotives, costing
To Cost of" Road and Equipment125,055 87
Eight locomotives, costing
$466,865 53
sum
tive Repairs, the
Passbngbb Equipment—
Cars on hand July 1, 1901
Bought and built during the year
456
469
From which Deduct
4
Destroyed during the year
to roadway equipment
On hand June
30,
3
462
1902
There has been charged to Operating Expenses, Passenger
Car Repairs, the sum of $369,292 15. The cost to replace
four cars destroyed and three cars changed, viz., $16,400, is
inoluded iu this amount, which charge fully perpetuates the
Passenger Equipment/ for the year. The cost of thirteen
cars bought and built has been charged as follows:
To Reserve Fund for Rolling Stook, Passenger Equipment$19,553 21
Nine cars, costing
To Operating Expenses, Improvements to Equip-
ment
One Officers' Car, costing
To Profit and Loss—
38,956 97
$75,451 99
Freight EquipmentFreight cars on hand July 1, 1901
Bought and built during the year
Changed from roadway equipment
equipment
-
23,663
2,192
to freight
1
25.856
From which Deduct —
Destroyed during the year
Sold during the year
Changed from lreight equipment to roadway equipment
886
7
83
976
ninety-one cars,
$621,812 56
oostJng
To Cost of Road and EquipmentOne thousand three hundred and one
934,306 29
care, costing
$1,556,118 85
MAINTENANCE OF EQUIPMENT.
The average cost per mile
for repairs to equipment, for the
past ten years, has been as follows
:
Year ending June
Per mile—
Locomotive
30.
1893. 1894. 1895. 1896. 1897.1898.1899. 1900. 1901. 1902,
Cts.
Cts.
Ots.
Cts.
Cts.
4-465 4-353 4651 4-72(5 4-812
Passenger car repairs 1-600 0-933 1-245 1-3P3 1-399
0-708 0*646 0-599 0-634 0-681
Freight car repairs
I
repairs.
Cts.
Cts.
Cts.
Cts.
Cts.
6-141 6-663 0-187 6043 6 226
1-308 1-412 1-853 1-401 1-429
0-717 0659 0-676 0-712 0-700
AIR-BRAKES AND AUTOMATIC COUPLERS.
As shown by the Annual Report for the year ended June
80, 1901, all of the equipment of the Company was then provided with both air brakes and automatic couplers, except
freight equipment, which was equipped complete with automatic couplers only. On that date 18,825 cars out of the
total of 23,663 were equipped with air-brakes, being 79*55 per
cent.
During the past year 88 old freight cars have been
equipped with-air brakes at a cost of $4,316 81, which was
charged to Operating Expenses, Improvement Account.
The number of freight cars now equipped with air brakes is
20,923 or 84-09 per cent.
For comparison your attention
is
called to the following
showing the number of locomotives, passenger and
freight cars on hand at the close of each of the past ten
tables,
fiscal years.
Louisville
&
amounting to
$1,487,277 19, appear at
The total cost to June 30, 1902, amounts to $121,356,483 83»
details of which will be found on a preceding page.
Outstanding Bonded Debt.
reference to a preceding page it will be seen that the
Bonded Debt, less bonds of the various issues held in the
Treasury in Trust and in Sinking Funds:
$90,284,660 00
On June 30, 1901, amounted to
89,605,660 00
On June 30, 1902, it was
Showing a deorease of
Accounted for as follows
Decrease in total bonded debt
To which Add -Increase
$679,000 00
.$122,000 00
in bonds in
Treasury, Trust and Sinking Funds,
viz
:
Amount June 30,
Amount June 30,
1902. ..$21,411,000 00
1901... 20,854,000
00
557,000 00
$679,000 00
Interest Account.
By reference to Table No. I it will be seen that the
Interest and Rent Account for 1900-1901 was.
$5,151,736 69
4,987,018 55
For 1901-1902 it was
Showing a decrease of
$164,718 14
Income and Profit and Loss Accounts.
Income Account has been charged with Sinking Fund
Payments for which no bonds were received, amounting to $141,100 00; also this year's pro rata of dis-
24,880
On hand June 30, 1902
There has been charged to Operating Expenses, Freight
Car Repairs, the sum of $1,872,215 56. The cost to replace
886 cars destroyed and 83 changed to Roadway Equipment,
less the value of one car changed from Roadway Equipment,
viz,, $487,844 00, is included in this amount, which charge
fully perpetuates the Freight Equipment for the year. The
cost of 2,192 cars bought and built has been charged as follows.
To Reserve Fund for Rolling Stock, Freight EquipmentEight hundred and
30, 1902,
length in this report.
Cost of Road and Equipment.
Total decrease in the outstanding Bonded Debt. ..
16,941 81
ThreeDining Cars, costing
ending June
By
13
Changed
Construction Account.
This account was closed July 1, 1894, since which time the
items theretofore charged to this account have been charged
to Operating Expenses under the sub-account, "Improvement Account." The details of this account for the year
count on bonds sold, amounting to $53,464 36; and
has been credited with the profit on the Georgia Railroad, amounting to $72,920 OO. leaving a balance to
the credit of Income Aooount of
$4,725,307 11
Out of which were declared:
Cash Dividend of 2^%, payable February 10, 1902
$1,375,000 00
Cash Dividend of 2^%, payable August
1,500,000 00
11,1902
2,875,000 00
Leaving a surplus, after the payment of Dividends,
which has been transferred to the credit of Profit and
Loss Account of
$1,850,307 11
The Directors have re-valued the assets of the Company,
and have charged all acoounts considered uncollectible to
Profit and Loss Account. The balance to the credit of Profit
and Loss Account on June 30, 1902, is $7,723,681 74,
details of which are given in Table No. II.
Reserve Fund.
By reference to the Fiftieth Annual Report, page 20, it will
be seen that there were to the credit of this account, unex-
pended, on June 30, 1901, the following amounts:
$21,81173
For Renewal of Rails
For Rolling Stock.
For General Purposes
For Improvements at Pensacola
For Improvements Authoriz'd for 1900-01.
To which
tions,
fiscal year,
14
13
52
00
$301,670 52
Add— Additional
appropriaduring the
which were made
present
82,819
69,099
1,264
126,676
as follows:
For Renewal of Rails
$410,924 34
948,000 00
For Rolling Stock
For Improvements, Shelbyville Bloomfleld & Ohio Railroad
98,613 24
For Completion, Birmingham Selma &
185,634 26
New Orleans Railway
1,643,171 84
$1,944,842 36
Total
There have been expended and
charged to this account, during the
present [ fiscal year, the following
amounts:
For Renewal of Rails
$291,270 62
For Rolling Stock
1,084,390 85
For Improvements at Pensacola.
65,447 81
For Improvements, 8helby ville Bloomtield
& Ohio Railroad
44,990 54
For Completion, Birmingham Selma &
New Orleans Railway
59,261 19
For Improvements Authoriz'd for 190001.
126,676 00
Nashville Railroad Company.
$1,672,037 01
LessTear end. June
30.
1893
63)
Passenger
cars...
1894
649
448
1895
1896
630
436
1898
1899
1900
1901
1902
549
675
462
447
456
17,296 IB.417 17.972 18,640 18,479 18,769 19,698 33,470 33,663 24,880
448
626
433
1897
635
437
638
444
632
448
643
Amounts included in above expenditures,
being the amounts expended in exoess
of appropriations, which were provided
for at the close of the year, viz.:
Charged to Profit and LossImprovements at Pensacola
64,183 29
1,607,853 72
Birmingham Mineral Railroad Company.
Locomotives.-...
Passenger
14
14
14
1,252
1.241
1,22*
14
14
14!
14
14
14
14
cars..
Freight cars
1.210 1,190
1,1691 1,1491
932
Your attention is called to the table below, showing the
excess mileage paid and received on foreign cars during the
last ten years
:
Excess Paid.
1392-1893
1893-1894
1894-1895
1895-1896
1896-1897.....
* Excess Received.
$9D,766 01
'22,243 30
5,206 52
38,096 66
116,497 71
Excess Paid.
1897-1898
1898-1899
1899-1900
1909-1901
1901-1902
$74,264
77,382
131,004
45,189
101,770
06
56
06
77
61
Leaving Balance to be Expended as per
Details below
For Renewal of Rails
$141,465 45
For General Purposes
69,099 13
For Improvements, Shelbyville Bloom. & Ohio BR...
53,622 70
For Completion, Birmingham Selma <fe New Orleans
Railway
126,373 07
$336,988 64
$390,560 35
Less—
For Rolling Stook (expended
appropriation)
in exoess of
53,571 71
$336,988 64
.
.
THE CHRONICLE.
1038
Birmingham Selma & New Orleans Railway.
The legal title to the property, rights and franchises of
the Birmingham Selma & New Orleans Railway Company
was conveyed to the Louisville & Nashville Railroad Company by deed dated April 21, 1902, and the road has been
operated as a part of the L. & N. System since May 1, 1902.
Shelby Railroad.
The legal title to the property, assets, rights and franchises of the Shelby Railroad Company (of which company
this company has long held a majority of the capital stock,
and which has heretofore been operated under lease at a
fixed annual rental of $15,000 00) was conveyed to the Louis
ville & Nashville Railroad Co. by deed dated May 3,1902.
Cecilia Branch.
The Cecilia Branch, which has heretofore been leased to
the Chesapeake Ohio & Southwestern Railway Company, at
a rent of $60,000 00 per annum, was sold to the Chicago St.
Louis & New Orleans Railway (Illinois Central Railroad),
the successors to the Chesapeake Ohio & South. Ry. Co., for
$1,000,000 00, on Dec.19, 1901, under the provisions of the lease,
which gave to the lessee the right to purchase for this sum.
Shelbyville Bloomfield & Ohio Railroad.
The company acquired, by purchase, all of the capital
stock of the Shelbyville Bloomfield & Ohio Railroad Company, and subsequently the legal title to the property, rights
and franchises of this company was conveyed to the Louis.
& Nash. RR. Co. by deed dated Sept. 28, 1901. The road has
been operatedjas a part of the L. & N. System since Oct 1 1901
Cumberland River & Tennessee Railroad.
The company purchased from the Louisville Property
Company the property, rights and franchises of the Cumberland River & Tennessee Railroad Company, which were conveyed to the Louis. & Nash. RR. Co. by det d dated Sept. 28,
1901. The road has been operated as a branch of the Cumberland Valley Divis. of the L. & N. System since Oct. 7, 1901.
,
[Vol.
LXXV,
Atlanta Knoxville & Northern Railway.
The company has, by the purchase of a majority
common and preferred stock, acquired the control
of the
of the
Atlanta Knoxville & Northern Railway, extending from
Marietta, Ga., to Knoxville, Tenn., 205 miles, with a branch
from Blue Ridge, Ga., to Murphy, N. C, 23^ miles. Companies have been incorporated to bnild a line from Knoxville,
Tenn., to Jellico, Tenn thus connecting with the Knoxville
Branch, and giving this company a direct line between Cincinnati, Ohio; and Atlanta, Ga.
,
The Board acknowledges the fidelity and efficiency with
which the officers and employes of the company have served
its interests.
For the Board of Directors,
AUGUST BELMONT,
Chairman.
M. H. SMITH, President.
THE AUDIT COMPANY OF NEW YORK.
August Belmont,
Louisville
Dear
Sir:
We
Chairman of the Board of Directors,
Company,
have made an audit of the books and
Esq.,
& Nashville Railroad
accounts of the Louisville & Nashville Railroad Company
for the fiscal year ending June 30, 1902, and, in accordance
therewith, certify that the attached statements of Income
Account, Profit and Loss Account, and the General Balance
Sheet, are true exhibits of the results of the operation of the
Company for the said fiscal year, and of its condition as of
June 30, 1902, as shown by said books and accounts.
NEW
THE AUDIT COMPANY OF
Approved: Thomas L. Greene,
Vice-Fresident, Neiv York.
Chicago, September
YORK,
A. W. Dunning,
Western Manager, Chicago.
19, 1902.
PASSENGER AND FREIGHT STATISTICS.
Totals and Averages for the Year 1901-1902 Compared with the Previous Year.
Percen tage of
No.
Passenger Traffic.
1901-1902.
1900-1901.
No.
Increase.
3,32675
6,042,402
32,475,930
1...
2....
3...
4....
5....
6....
7....
8....
9....
10...
11....
12...
13....
14...
15....
16....
Number of miles run bv cars
Number of cars in each train
487
7,197,018
3660
263,429,527
Number of
3954
Expenses of passenger trains
Net earnings from passenger trains
Earnings per mile of road
37 24
11-37
$7,644,717-64
$5,141,784 96
$2,502,932 68
$2,297 95
$1,545 59
passengers carried in each car
10-81
$7,143,352-78
$4,755,652 69
$752 36
114 756
17....
cents
cents
18...
19...
20...
21....
22....
23....
3,169 27
5,^25,994
31,251,434
4-85
6,872,354
34-88
239,730,479
Earnings per passenger
(<7).
cents
.cents
Percentage of expenses to passenger earnings
$2,387,700 09
$2,253 94
$1,500 55
Decrease.
4-9690
3-7145
3-9182
1
2
3
4
5
4124
4-7242
4-9312
9-8857
6 1762
4-1804
7-0186
....
7
8
1194
!!io
4-8261
1-9526
3-0016
...ii
8
....12
•1367
$753 39
13
14
15
110970
15-832
7-707
84-72
2-32
67-26
3-4117
...
73-878
37-092
22-858
15-218
7-640
81-92
77-184
37-572
23-539
44749
....16
....17
1-2941
2-9793
4-0347
...
...20
•>-770
3-4180
....21
1-2766
2-35
18
....19
66 57
1-0365
...
...
22
23
11,342,859
611,171
169,251,822
80,038,889
249,290,711
14-17
6-70
20-87
67-89
32-11
28-96
16,685,166
2,655,984,116
11-8650
...
24
25
Freight Traffic.
24....
25....
26....
27....
28....
29....
30....
31....
32....
33....
34...
35....
36....
37...
38...
39....
40....
41....
42....
43....
44...
45...
46...
47...
48
.
.
Number
of miles
run by mixed revenue trains
12,688,689
619,287
186,027,534
81.306,438
267,333,972
13-98
(e)
Number of miles run by cars, loaded and empty
Number of cars loaded in each train
Number of cars empty in each train
Number of cars loaded and empty in each train.
611
20 09
69-59
Percentage of loaded-car mileage to total car mileage...
3041
Number of miles run per car per day
Number of tons carried
Number of miles each ton was carried
Number of tons in each train
Number of tons in each loaded car
Earnings from freight revenue trains
Net earnings from freight revenue
trains,
Net earnings per mile of road
Earnings per revenue train mile.
Expenses per revenue train mile.
49...
50...
51...
Earnings per car mile
52....
Net earnings per car mile
54...
55...
56...
57....
58....
59....
60...
61...
62....
.
cents
cents
Earnings per ton
Expenses per ton
Expenses per ton per mile
cents
Gross earnings per mile of road —Passenger, freight and misc.
28-57
18,320,972
3,072,503,736
168
230-88
16-52
11-49
$29,772,175 67
$15,760,652 88
$7,011,522 70
$6,845 17
$4,737 55
$2,107 62
171-117
118-430
52-687
8-518
5-895
2-623
124-295
86-025
38-270
".[26
9-H117
1-5837
7-2378
1-3409
8-8060
....27
....28
....29
....30
3 7374
...31
25041
5-2943
1-3467
22218
15*69
10-65
$20,419,162 37
$13,477,380 81
$6,941,781 56
$6,442 86
$4,252 52
-2,190 34
170-814
112-743
58070
8191
5-406
2 785
122-377
80-773
...34
...35
156823
....36
...
3-9157
5-2900
7-8873
11-5236
39
...40
....41
....42
....43
....44
....45
6-2443
11-4057
37766
...
9-2698
....47
....48
....49
•1774
50442
39922
90455
46
50
...
....
5
...
52
..
-.3
...
5-8169
-.9
1
1-5673
65022
8
0137
36411
•769
3-6304
J
16-7883
•274
66-00
--,841 84
$5,753 07
$3,088 77
37
....38
169415
10047
41604
(a) Mileage of road operated shows average length operated during each fiscal year.
(b) Miles run by mixed revenue trains have been added to passenger Train Milegage in arriving at
4-8636
3-4076
9-2137
....60
...
7 1068
Results of Passenger Traffic,
Includes Mail, Express, Excess Baggage and Train Privileges.
<d) Excludes Mail, Express, Excess Baggage and Trin Privileges.
(e) Miles run by mixed revenue trains have been added to Freight Train Mileage in arriving at Results of Freight Traffic.
(c)
....32
....33
9 8020
5 6604
159
•741
•513
•228
69-21
$9,143 13
$6,283 14
$2,859 99
1-3-JT;)
61
....62
9
November
.
THE CHRONICLE.
8, 1902.]
TABLE
No.
Brought forward
South & North Alabama
1.
INCOME ACCOUNT, JUNE
1039
30, 1902.
9io,Sio,S4r 10
$s,5/q,003 30
$104^56436
RR. Co. surplus earnings for year, included
Income prom Traffic.
Earnings—
in
above
ferred to
From freight trafflo
From passenger traffio
From transportation of malls
From express traffic
From miscellaneous sources
$22,772,175
6,217,803
773,640
634,146
314,491
80
19
71,877 33
266,441 69
34
6,085,533 99
$30,712,257 37
$4,535,930
4,440,251
10,865,177
1,061,078
transProfit and
Loss Account.to which
acoount the loss in previous years has been
charged
67
33
Total earnings.
Expenses—
For maintenance of way and structures
For malntanance or equipment
For conducting transportation
For general expenses
and
$4,725,307 11
Net income for the year
Less—
28
58
Cash div., 21-2%, oayable Feb. 10, 1902... $1,375,000 00
Cash div., 2^%, payable Aug. 11,1902... 1,500,000 00
44
54
Total operating expenses, 68'06%.
Net earnings from
Surplus, after
20,902,437 84
payment of dividends, transferred
2,875,000 00
to
$9,809,819 53
traffic,
31 94%.
-
thecreditof Profit and Loss Account
$1,850,30711
Income from Rents:
CeciliaBranch
Clarksvi-PrincetonDiv.
Paducah&MeinphisDiv.
St.
Louis property
Equipment
$48,548
12,039
203,610
15,395
180,755
39
70
12
58
34
TABLE NO.
PROFIT AND LOSS ACCOUNT JUKE
$5,844,047
Balance to the credit of this account June 30, 1901
Interest received on bonds in Sinking Funds accrued
June 30, 1901
30,149
prior to
Sinking Fund payments for which no bonds are received,
charged to income account, viz.:
L. & N.— South & North Ala. Tiust Deed
Mortgage Sinking Fund
$20,000 00
56,100 00
Pensaoola & Atlantic 1st M. Sink. Fund..
65,000 00
Cecilia Branch Mortgage Sinking Fund ..
141,100
331.533
Profit on Securities bought and sold
55,396
Profit on rails sold during the year
Surplus earnings of the South & North Alabama Railroad
Co. for the year ended June 30, 1902, previous losses
71,877
having been charged to this account)
Income from Investments:
Nash. &Dec. RR. Stock.. $147,870 00
Sundry Bonds and
St'ks.
97,865 66
Income from Other Sources:
RR
Amounts realized from various
$72,920 00
$8,339,287 55
$10,310,841 10
wmcH Deduct:
Debits.
Fund— For improvements at Pensacola (expendituresin excess of previous appropriation charged off)
Bonds purchased for Sinking Funds brought to par on
ledger
Cost of three Dining-Cars
Cecilia Branch, cost of road in excess of amount received from the sale thereof
Attorney's fees in suit vs. Louisville Bridge Co
CincinSettlement in full of amount due to Covington
Bridge Co. for back
nati Elevated R. R.
Transfer
.
$5,819,092 80
&
Sinking fund payments
for which no bonds are
received, charged to
this account, aid credited to Profit and Loss
&
&
$141,100 00
27,298 13
$8,339,287 55
NO.
III.—SEE
NEXT PAGE.
NO. IV.
BONDED DEBT JUNE
30, 1902.
Owned by
Description of Bonds.
Amount.
This
Company.
& Louisville Railroad Sterling Mortgage
l,9»6,6 r
2,000
Lexington RR. Northern Division seven per cent
400.000
o-Cecilia BraDch Mortgage
325,000
Louisville Cincinnati & Lexington Railway 8econd Mortgage
892,000
Louisville & Nashville Railroad six per cent Sinking Fund Gold
1,960,000
34,000
St. Louis Property Twenty -year five per cent Gold, 1st Mortgage ...
617,000
Five-twenty Collateral Trust four per cent Gold
7,500.000
733,606
6-Evansville Henderson & Nashville Division First Mortgage Gold...
1,945,000
Pensacola Division First Mortgage Gold
580,000
36,000
8outh-East and St Louis Division First Mortgage Gold
3.5<>0,000
c-Pensacola & Atlantic Railroad First Mortgage Gold
8"23,66"6
2,574,000
New Orleans & Mobile Division First Mortgage Gold
5,000,000
New Orleans & Mobile Division Second Mortage Gold
'..
1,000,000
d-General Mortgage Gold
8,987,000
Louisville Cincinnati & Lexington Ry. General Mortgage Gold
3,258,000
Five per cent First Mortgage Trust Gold
5,129,000
189,000
First Mortgage five per cent Fifty-year Gold
1,7^4,000
15,000
Nashville- Florence & Sheffield Ry. 1st Mortgage five per cent Gold.
2,096,000
100,000
Unified Fifty-year four per cent Gold Mortgage
.
43,056,000 14,658,000
Louisville & Nashville and Mobile & Montgomery Railway Co. four
and one-half per cent Gold First Mortgage
4,000,000
Paducah & Memphis Division 50-year 4 per cent Gold 1st Mortgage.
4,779,000 4,779,000
South-East and St. Louis Division Second Mortgage Gold
3,000,000
Kentucky Central Railway First Mortgage four per cent Gold
6,742,000
42,666
City of Louisville Lebanon Branch Extension
1,000
Louisville Cincinnati & Lexington Railway First Mortgage
3,000
Consolidated Mortgage Main Stem and Branches
7,000
Memphis & Ohio Railroad Sterling Mortgage
5,000
Clarksville
&
.•
Totals.
b.
c.
397,328 37
5,000 00
53,464 36
TABLE
«.
2,443 53
38.956 97
taxes
TABLE
Maysvllle
64,183 29
Judgments and costs, etc., on account of Northern Division Cumberland & Ohio Railroad
29,796 24
Balance to the credit of Profit and Loss Account June
7,723,681 74
30,1902
(this
year's pro-rata of dis-
Memphis
$39,900 00
10,699 28
Non-collectible and valueless accounts charged off
Reserve
Charges Against Income—
Interest on bonded debt $4,708,345 1
Guaranteed dividend on
N. & D. RR. stock
265,931 42
Rent ot Shelby RR
12,74194
Taxes
832,073 75
. .
33
14,875 32
sources.
Ten per cent premium on bonds redeemed for Sink. Fund
count on bonds sold)
00
69
87
77,933 99
1,001,021 57
Account
Unfunded discount
58
Net surplus for the year ending June 30, 1902, trans1,850,307 11
ferred from Income Account
70125
151,460 24
Fi:om
65
.
31,373 54
112,103 00
339,212 20
Profits from operation
of Georgia
Profits from operation
of other lines
Interest from various
sources.
30, 1902.
Credits.
$460,349 13
Louisville & Nash. Ter.
Co., Interest on Bonds
and on cost of im pro vem'ts in excess thereof.
Birmingham South. RR.,
interest on purchase
price andimprov'm'tB.
II.
Outstand-
Coupons
Maturity.
ing.
Due.
© ^ «
1,994,660
Au
400,000 Jan.
325,0OOMar.
892,000, Oct.
1,926,000 Apr.
617,000 Mar.
6,767,000|Apr.
1,845,000 Dec.
544,000,Mar.
3,500,000 Mar.
1,75 1,000 Aug.
5,000,000 Jan.
1,000,000'jan.
8.987.0 "0 June
3.258.0001 Nov.
4,940,000 Nov.
1,749,000 May
1,990,000' Aug.
28.398,000;july
1902
1900
1907
1907
1910
1,1916
1, 1903 '18
1. 1919
1. 1920
1, 1921
1. 1921
1, 1930
1, 1930
1, 1930
1,1931
1, 1931
1, 1937
1, 1937
1, 1940
1,
I,
1,
1,
1,
4,000,000 Sept. 1,194 5
Feb.
1, 1946
3,000,000 Mar. 1, 1980
6,700,000 July 1, 1987
1,000 Oct. 15, 1893
3,'
00 Jan.
7,000 Apr.
5,000 June
1.
1.
1,
1,
1,
1,
1,
1,
1,
1,
Aug. 1
July 1
June
1,
Deo. 1
Mar.
Mar.
1, Sept. 1
7
Feb.
Jan.
7
Mar.
7
6
Apr.
Apr.
5
Mar.
4
6
Apr.
6
6
6
6
6
6
G
1
,
Sept.
Oct.
Oct.
Sept.
Oct.
1
1
1
Sept. 1
Mar.
4
Feb.
3
Mar.
1
Jan.
1, Sept. 1
1, Aug. 1
1, Sept. 1
l, July 1
1897
1898
1901
$65,000 of these bonds drawn for Sinking Fund, due March 1, 1902. Interest will cease Sept. 1, 1902.
$5,000 of these bonds drawn for Sinking Fund, due Deo. 1, 1901, but not presented for redemption. Interest ceased on Deo. 1, 1901.
$10,000 of these bonds drawn for Sinking Fun- due Feb. 1, 1902, but not presented for redemption. Interest ceased on Feb. 1. 1902.
Interest ceased on June 1, 1901.
5 $5,000 of these bonds drawn for Sinking Fund, due June 1, 1901, but not presented for redemption.
Interest ceased June 1, 1902.
d $71,000 of these bonds drawn * r Sinking Fund, due June 1, 1902, but not presented for redemption.
,
1
Feb. 1, Aug. 1
Jan. l.July 1
Jan. 1, July 1
June 1, Dec. 1
4»s May 1, Nov. 1
May 1, Nov. 1
5
May 1, Nov. 1
5
Feb. 1, Aug. 1
5
4 Jan. l.July 1
111,016,660|21,411,00089,605,660|
1
1
THE CHRONICLE.
1040
TABLE NO.
[Vol, TiXXV.
III.
GERERAL BALANCE SHEET JUNE
30, 1902.
ASSETS, ETC.
DR.
COST OP ROAD, ETC.
Road Fixtures and Equipment
$121,356,483 83
BONDS AND STOCKS IN TRUSTS, ETC.
Central Trust Co., Trustee for Unified Four Per Cent Bonds:
Alabama Mineral RR. four per cent bonds
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stook
in
in
in
in
in
in
in
in
Stock
Stock
Stock
Stock
Stock
&
Lexington
$1,650,010
3,052,574
3,272 906
294,000
2,850
47,062
225,010
19,750
160,744
00
5,355,538
1,125,500
250,728
501,000
690,410
Ry
75
69
48
00
00
in Nashville
Louisville Cincinnati
Mobile & Montgomery Ry
Southeast & St. Louis Ry
Pensacola RR
Louisville Ry. Transfer
Alabama Mineral RR
Henderson BeltRR..
Shelby RR
in South
in
&
00
54
00
00
87
$8,724,908 34
(a)
Chattanooga & St. Louis Ry
North Alabama RR
Owensboro
81
12
00
& Nashville Ry
RR
in Henderson Bridge Company
in Birmingham Mineral
7,923,177 92
Deduct— Cost
16,648,086 26
of
Bonds and Stocks included above which have been added to cost
road
of
(a)
8,724,908 34
7,923,177 92
Farmers' Loan & Trust Co., Trustee for Five Per Cent Trust Gold Bonds:
Birmingham Mineral RR. First Mortgage Bonds, five per cent
Owensboro & Nashville Ry. First Mort. Bonds, six per cent
3,929,000 00
1,200,000 00
5,129,000 00
Farmers' Loan & Trust Co., Trustee for Georgia RR. Lease:
South & North Alabama RR. five per cent Consolidated Gold Bonds
Union Trust
South
Co.,
500,000 00
Trustee for Six Per Cent Sinking Fond Gold Bonds:
Mort. six percent Bonds
& North Alabama RR. Second
United States Trust Co., Trustee for 5-20 Collateral Trust Gold Bonds:
L. & N., Paducah & Memphis Div. four per cent Gold Bonds
L. & N., Unified, Fifty-year, four per cent Gold Bonds
2,000,000 00
(6)
(b)
2,400,000 00
8,400,000 00
10,800,000 00
August Belmont & Co., Trustee Bonds Deposited as Collateral to Secure Payment of Cecilia Branch Bonds:
L. &N., Unified, Fifty-year, four per cent Gold Bonds
(6)
Trustee,
L.
&
325,000 00
N. Six per cent Sinking Fond:
Bonds— L. & N. Issues
Bonds— Controlled Companies
468,000 00
22,000 00
(e)
Trustees, Memphis Clarksville
&
490,000 00
Louisville RR. Sinking Fund:
Bonds— L. &N. Issues
Bonds— Controlled Companies
(c)
1,199,000 00
125,000 00
1,324,000 00
Trustee Cecilia Branch Mortgage Sinking Fond:
Cash
in
65,000 00
hands of Trustee for redemption of called bonds
28,556,177 92
&
LES8-Bond8
of L.
N. issues
In Trust- as above
whioh appear as both Assets and
Liabilities:
(b)
In Sinking Fands— as above
(e)
11,125,000 00
1,667,000 00
12,792,000 00
15,764,177 92
BONDS AND STOCKS IN THE TREASURY.
(for details see table
v.)
Bonds.
L.
& N.
L.
L.
L.
Issues—
&N., Unified, four per cent Gold
& N., Paducah & Memphis Division, four per cent Gold
4,704,000
379,000
733,000
803,000
'_',
& N., 5-20 Collateral Trust, four per cent Gold
Pensacola <fe Atlantic R. R., 1st Mort., six per cent Gold
00
00
00
00
8,619,000 00
fd)
Other Railroad Issues—
Pensacola & Atlantio R. R., Land Grant Mortgage
,
Lou. <& Nash. Terminal Co., 50 year, four per cent Gold
South & North Ala. R. R., five per cent Consolidated Gold
Southern Division, Cumb. & Ohio R. R., seven per cent
516,000 00
2,000,000 00
826,000 00
300,000 00
46,900 00
Sundry other Bonds
3,688,900 00
Sundry Other Issues—
84,640 94
Various bonds of other than Railroad Issues
Stocks.
Railroad Companies controlled by L.
Sundry other Railroad Companies
Sundry other Companies.. _
& N.
R.
R
6,739,593,96
889,142 82
272,428 53
7,901,165 31
Less— Bonds
of L.
& N. Issues incl. above, which appear as both Assets and Liabilities .fd)
20,293,706 25
8,619,000 00
11,674,706 25
CURRENT
ASSETS.
Cash
in Treasury, in Transit, etc
Material and Supplies
Station Agents and Traffic Balances
Sundry Individuals and Companies
Sundry Bills Receivable Accounts
3,248,468
2,522,201
806,667
1,684,519
1,105,592
92
35
46
16
65
9,367,349 54
SUNDRY OTHER ACCOUNTS.
to Subsidiary Companies
Material in Private Sidings
Advances
2,502,274
226,263
981,513
484,991
1,289,700
Real Estate, Quarry a nd Timber Lands
Improvements and betterments uncompleted
Sundry unadjusted accounts
Unfunded Discount Account
,
95
62
0?
46
79
5,484,743 90
1,314,528 02
$164,991,989 46
— —
NOYEMBBB
THE CHRONICLE
8, 1902.]
TABLE NO.
1041
III.— Concluded.
GENERAL BALANCE SHEET JUNE
30, 1902.
LIABILITIES, ETC.
CAPITAL
OR.
STOCK..
$19,915,520 00
84,480 00
Stook outstanding.
Stock unissued
$60,000,000 00
BONDED DEBT.
Outstanding.
Clark9ville & Louisville RR., First Mortgage, Sterling, six per cent
Louisville Cincinnati & Lexington Ry., Second Mortgage, seven per cent
Louisv. & Nashv. BR E H.
Nash. Dlv., First Mortgage, Gold, six per oent
Louisville
Nashville RR.. General Mortgage, Gold, six percent
Louisv. Cm. & Lex. By., General Mortgage, Gold, four and one-half per cent
Louisv. &Na9hv. RR., First Mortgage, live per cent. Fifty-year, Gold
Louisville & Nashville BR., Unified, Fifty-year, four per cent, Gold
Louisv. & Nashv. RR., Cecilia Branch, First Mortgage, seven percent
Louisv. & Nashv. RR., Pensacola Division, First Mortgage, Gold, six per cent...
Louisv. & Nashv. RR., N. O. Mobile
Tex. Div., First Mortgage, Gold, six per cent
Louisv.
Nashv. RB.,
O. Mobile & Tex. Div., Second Mortgage, Gold, six per cent
Louisv. & Nashv. BB. and M.
M. By. Co., four and one half per cent, Gold, First Mortgage
Louisv. & Nashv. RR., S. E. &, St. L. Div., First Mortgage, Gold, six per cent
Louisv.
Nashv. RR., 8. E.
St. L. Div., Second Mortgage, Gold, three per cent
Louisv. & Nashv. RR., St. L. Property, Twenty-year, five per cent, Gold, First Mortgage...
Kentucky Central Railway. First Mortgage, four per cent, Gold.
Maysville & Lexington Ballroad, Northern Division, seven per cent
.....i.
Nashville Florenoe
Sheffield Bailway, First Mortgage, Gold, live per cent
Pensacola
Atlantic Bailroad, First Mortgage, Gold, six percent
Louisville <fe Nashville Bailroad, six per c^-nt. Sinking Fun<i, Gold..
Louisville & Nashville RR., First Mortgage, five per cent, Trust, Gold
Louisville <fe Nashville RR., Five-twenty Collateral Trust, Gold, four per cent
Memphis
&
,
&
,
&
N
&
$1,994,6K0 00
892,000 00
1,840,000 00
8,911,000 00
3,258,000 00
1,749,000 00
28,398,000 00
325,000 00
544,000 00
5,000,000 00
1,000,000 00
4,000,000 00
3,500,000 00
3,000.000 00
617,000 00
6,700,000 00
400,000 00
1,996,000 00
1,741,000 00
1,926,000 0(
4,910,000 00
6,767,000 00
&
&
&
&
&
,
,
89,498,660 00
In Trusts.
& Nashville RR.. Unified Fifty year, four per cent, Gold
Nash. RB., Pad. & Mem. Div., Fifty-year, four per cent, Gold, First Mortgage
8,725,000 00
2,4t 0,000 Ot
Lou'.sville
Lou.
&
11,125,000 00
<»>
In Sinking Funds.
Memphis
&
Louisville RB., First Mortgage, Sterling, six per cent
Louisv & N-ishv. BB First Mortgage, five per cent, Fifty-year, Gold
Louisville
Nashville BB., Unified, Fifty-year, four per cent, Gold
Louisville <fe Nashville RR., Pensacola Div., First Moitgage, Gold, six per cent
Kentucky Central Bailway, First Mortgage, four per cent. Gold
Nashville Florence
Sheffield Bailway, Fiisc Mortgage, Gold, five per oent
Pensacola & Atlantic Bailroad, First Moitgage, Gold, six per oent
Louisville
Nashville Railroad, six per cent. Sinking Fund, Gold
Louisville
Nashville BB., First Mortgage, five per cent, Trust, Gold
Clarksville
,
&
,
&
&
&
2,000 00
15,000 00
1,229,000 00
36,000 00
42,000 00
100,000 00
20,000 00
34,000
189,000 00
1,667,000 00
(0
In Treasury.
Louisville & Nashville BB., Unified, Fifty-year, four per oent, Gold
Louisv.
Nashv. RR., Pad. & Mem. Div Fiity-year, four per oent, Gold, First Mortgage
Pensacola
Atlantic Railroad, First Mortgage, Gold, six per cent
Louisv. <fe Nashv. RR. Five-twenty Collateral Trust, Gold, four per cent
&
4,704,000
2,379,000
803,000
733,000
,
&
,
00
00
0(
00
8,619.000 00
(d)
Matured— (Not Presented.)
Various Issues
16,000 00
Drawn for
Louisville & Nashville
Various issues
RR
.,
Sinking Funds— (Not Presented.)
General Mortgage, Gold, six per oent.
76,000 0(
1 5,000 00
91,000 00
111,016,660 00
Less Bonds Which Appear as Both Assets and Liabilities.
Bonds inyTrusts, Louisville & Nashville issues
Bonds in.Sinking Funds, Louisville & NashvHe issues
Bonds in]Treasury. Louisville & Nashville issues
(6)
(e)
(d)
11,125,000 00
1,667,000 0(
8,619,000 00
21,411,000 00
89,C05,660 00
CURRENT
LIABILITIES.
Audited Pay Rolls and VouchersMay, 1902, and prior
]
466,796 8(
2,230,185 7)
June, 1902, audits
2,696,982 51
Coupons and Rent
Due June. 1902. and prior
,
Due July 1,1902
80,012 50
1,028,925 64
1,108,938 14
Dividends—
^
Due February, 1902, and
Due August, 1902
prior
59,974 4t1,500,000 00
1,559,974 43
Open Accounts
Individuals and Companies
Traffic balances
337,<140 T,
104,597 55
441,738 32
Unmatured—
Interest accrued not due
711,625 09
6,519,258 49
SUNDRY OTHER ACCOUNTS.
Open and unadjusted accounts.
806,400 59
336,988 64
Reseive funds
1,143,369 23
PROFIT AND LOSS.
Excess of assets over
liabilities.
7,723,681 74
$164,991,989 46
THE CHRONICLE.
1042
TABLE
Brought forward
NO. V.
SECURITIES JUNE
& N.
LXXV.
$rg,o<)/,6ji s<j
Sundry Other Bailroad Companies—
30, 1902.
Shares.
2,000 Atlanta Belt Line Company. $100 eaoh
325 Augusta Belt Bailway, $100 each
BONDS IN TREASVRY.
L.
[Vol.
Par
BB. Co's Issue—
Value.
4,704 Unified Fifty year four per cent Gold Mortgage,
$4,704,000 00
$1,000 each
2,379 Paduoah & Memphis Division, First Mortgage
2,379,000 00
four per cent Gold, $1,000 each
733 Five-twenty Collateral Trust four per cent Gold,
733,000 00
$i,000each
803 Pensacola & Atlantic Railroad First Mortgage
803,000 00
six per cent Gold, $1,000 each
Total Bond's, Louisville & Nashville Railroad Com$8,619,000 00
pany's issue (as per Balance Sheet)
Other Bailroad Issues—
2,000 Louisville & Nashville Terminal Co. fifty-year
four j er cent Gold, $1,000 eaoh
$2,000,000 00
826 South & North Alabama RR five per cent Consolidated Mortgage Gold, $1,0(0 each
826,000 00
516 Pensacola & Atlantic Railroad Company Land
Grant Mortgage, $1,000 each
516,000 CO
200 Southern D vision CumberlaQd & Ohio Railroad
200,000 00
seven per cent, $1,000 each
200 Southern Division Cumberland & Ohio Railroad
seven per cent, $500 each
100,000 00
22 Gainesville Jefferson & Southern RR. Second
Mortgage, seven percent, $1,000 each
50 Elkton is, Guthrie Railroad First Mortgage seven
per cent, $500 each
1 Nashville Chattanooga & St. Louis Railway,
Tracy City Branch, six per cent
22,000 00
25,000 00
250 Augusta
$200,000 00
32,500 00
25,000 00
300,000 00
300,000 00
25,000 00
17,275 00
3,300 00
15,000 00
205,800 00
& summerville
Railroad, $100 each
Southern RR,, Preferred, $100 each
3,000 Biimingham
3,000 Birmingham Southern RR., Common, $100 each
250 Central Transfer Ry. & Storage Co., $100 each..
69 1 Elkton & Guthrie R ailroad, $25 each
33 Lexington Terminal RR.. (of Georgia) $100 each
150 Milledgeville Railway, $100 each
2,058 Terminal RR. Association of St. Louis, $100 each
Total Stocks in Sundry Other Railroad Companies
(Ledger Value, as per Bal. Sheet, $889,142 82).. $1,123,875 CO
Sundry Other Companies—
50 Atlantic Compress Company, $100 each
250 Colossal Cavern Company, $100 each
500 Conecuh Land & Lumber Company, $100 each.
6,622 Florida & Gulf Land Company, $100 each
8-r 3 Gulf Transit Company, $100 each
280 Kentucky Public Elevator Company, Common,
$100eaoh
500 Louisville Property Company, $100 each
461 Republic Iron & steel Co., Preferred, $100 each.
461 Republic Iron <fc Steel Co., Common, $100 each..
125 St. Louis
Tennessee River Packet Company,
$100 each
435 Tennessee River Packet Company, $50 each
483 Whitley Coal Company, $100 each
$5,000
25,000
50,000
662,200
82,300
00
00
00
00
00
28,00000
50,000 00
46,100 00
46,100 00
<fe
12,50000
21.750 00
48,300 00
Total Stocks Sundry Other Companies (Ledger
Value, as per Balance Sheet, $272,428 53)
$1,077,250 00
1,000 00
Grand Total Stocks
in
$12,003,280 09)
Total Bonds Other Bailroad Issues (Ledger Value,
as per Balance Sheet, $3,688,900 00)
$3,690,000 00
Treasury (Ledger Value,
$22,192,756 59
Held by Central Trust Co. as Collateral for Unified
Fifty-Year 4 per cent Gold Mortgage Bonds.
Sundry Other Issues—
6 City of Bowling Green five per cent, $500 each...
9 Central Transfer Railway & Storage Company,
six per cent. $1,000 eaoh
25 Muhlenberg County, Ky.,five per cent Befunding, $1,000 each
20 Muhlenberg County, Ky., five per cent Befund-
$3,000 00
ing,$500each
43 Sloes Iron & Steel Company First Mortgage six
per cent, $1,000 eaoh
Sundry Other Bonds and Scrip
..
10.C00 00
BONDS.
9,000 00
25,000 00
43,000 00
11,564 27
31 Ala. Mineral RR. Co., 4 per cent, $100,000 eaoh. $3,100,000 00
50 Ala. Mineral RR. Co. 4 per cent, $1,000 each
50,000 00
Total Bonds
Shares.
& Lex.
Ry. Co., Pref., $100 each. $1,500,000 00
Ry. Co., Com., $100 each.
985,000 00
20,000 South & North Ala. RR. Co., Pref., $100 each....
2,000,000 00
11,274 South & North Ala. RR. Co. Com $100 each....
1,127,400 CO
29,397 Mobile & Montgomery Ry. Co., $100 each
2,939,700 00
39.850 N. O. M.&T. RR. Co. (as reorganized) $100 eaoh 3,985,000 00
9,800 South-East <fe St, Louis Ry. Co., $100 each
980,000 CO
55,015 Nashville Chatt. & Et. Louis Ry. Co., $100 each. 5,501,500 00
9,634 Owensboro & Nashville Ry, Co., $100 each
963,400 00
5,010 Henderson Bridge Co., $100 each
501,000 00
Pensacola RR. Co.. $100 each 2,850
285,000 00
1,000 Louisville Railway Transfer Co., $100 eaoh
100,000 00
19,726 Birmingham Mineral RR, Co., $100 each
1,972,600 00
19,690 Alabama Mineral RR. Co., $100 each
1,969,000 00
6,150 Nashville Florence &. 8heff. Ry. Co., $100 each..
615,000 00
395 Henderson Belt RR. Co., $50 eaoh
19,750 00
11,7856 50 Shelby RR. Co., $50 each
589,256 00
15,000 Louisville Cin.
g^O Louisville Cln. & Lex.
Total Bonds, Sundry Other Issues (Ledger Value,
as per Balance Sheet, $84,640 94)
$3,150,00000
STOCKS.
$101,564 27
,
Grand Total Bonds
in Treasury (Ledger Value,
$12,410,564 27
$12,392,540 94)
STOCKS IN TREASURY.
Bailhoads Included
in
Cost of Boad,
L.
&
N.
BR.—
Shares.
3,640 Alabama & Florida Bailroad, $100 each
1,997 Birmingham Selma & New Orleans Bailway,
$364,000 00
$100each
3,000 Cumberland Biver & Tennessee Bailroad, $100
199,70000
each
300,000 00
...
5 Henderson Belt Bailroad, $50 each
69,088 Kentucky Central Railway, $100 each..
600 Louisville Harrod's Creek & W estport Bailroad,
$100 each
150 Louisville Cincinnati & Lexington Bailway,
Common, $100 each
111 Mobile & Montgomerv Bailway, $100 each
1,250 Montgomery & Prattville Bailioad.$100 each...
5,520 Middlesborough Bailroad. $100 each
63 New <fe Old Decatur Belt & Terminal Company,
$100 each
150 New Orleans Mobile & Texas Bailway, $100
each
5,000 North Alabama Bailroad, $100 eaoh
2,000 Oneonta & Attalla Bailroad, $100 each
150 Pensacola Bailroad, $100 each
7,484 Pontchartrain Railroad, $100 each.
192 Southeast & St. Louis Railway, $100 each
71 Shelby Railroad, $50 each
500 Southern Alabama Railroad, $100 each
500 Stout's Mountain Railroad, $100 each
178 Shelbyvllle Bloomtteld & Ohio BE., $50 each....
14,980 Atlanta Knoxville
ferred, $100 each
29,940 Atlanta Knoxville
&
l.
&
N.
15,000
11,1(0
125,000
552,000
00
00
00
00
6,300 00
15,00000
500,000 00
200,000 00
15,000 00
74-<,400 00
19,200 00
3,550 00
50,000 00
50,000 00
8,900 00
each
..
—
1
500 Memphis Terminal Company, $100 each
78,864 Nashville & Decatur Railroad, $25 each
16,761 Nashville Chattanooga & St. Louis By., $100
each
1,931 Owensboro
386 South
&
& Nashville Railway, $100 each
North Alabama RR., Common, $100
each...
2,410 South Carolina Terminal Company, $100
each
1,000 South Carolina & Augusta Railroad (live per
cent on) $100 each
$1,498,00000
2,994,000 00
455,000 00
10,000 00
10,000 00
437,000 00
100,000 00
10,000 00
50,000 00
100,000 00
50,000 00
l,97l|666 00
1,676.100 00
193,124 90
5,129,000 00
Held by Union Trust C<».
& N. BB. Co.
for
L.
& N.
as Collateral for L.
Sinking Fund Bonds,
viz.:
2,000,000 00
5-20 Collateral Trust 4 per cent
viz
:
L.&N., Paducah & Memphis
Division. 50-year 4 per cent Gold
First Mort. Bonds, $1,000 each.. $2,400,000
00
8,400 Unified 50-year 4 per cent Gold
Mort, Bonds, $1,000 each
8,400,000 00
10,800,000 00
Held by Farmers' Loan & Trust Co.
as Collat-
eral for Georgia Bailroad Lease, viz-:
500 South & North Alabama BB. 5 per cent Consolidated Bones, $1,000 each
500,000 00
Held by August Belmont & Co. to Securm
Payment of Cecilia Branch Bonds, via:
325 Unified 50-year 4 per
Bonds, $1,000 eaoh
cent Gold Mortgage
325.0C0 00
Grand Total Bonds and Stocks
in Trusts
(Ledger Value, $35,402,086 26)
$47,937,606 00
Becafitulation.
Par Value.
Total Bonds in Treasury
$12,410,564 27
Total stocks in Treasury
22,192,756 59
Total Bonds and Stooks in Trusts... 47,937,606 00
Grand Total
$9,839,424 99
p. c.
Held by United States Trust Co. as Collateral
241,00000
5,000 00
6
2,000 South & North Alabama RR. Second Mortgage
6 per cent Bonds, $1,000 eaoh
38,60000
Total Stocks in Railroads Controlled by L. & N.
(Ledger Value, as per Balance Sheet, $6,739,-
593 96)
3,929 Birmingham Mini RR. First Mortgage 5 p. o. Bonds, $1,000 each .$3,929,000 00
1,200 Owensboro & Nashville By. Co.'s
First Morgage 6 per cent Bonds,
$1,000 each
1,200,000 00
2,400
Northern Railway, Pre-
each
4,370 Henderson Bridge Company, $100 each
1,000 Jellico Bird Eye & Northern Bailway, $100
eajh
100 Knoxville LaFollette & Jellico Bailroad, $100
each
500 Long Branch Coal Bailroad, $100 each
1,000 Louisville & Nashville Terminal Company, $100
Held by Farmers' Loan & Trust Co. as Collateral FOR 5 PER CENT FIRST MORTGAGE TRUST
Gold Bonds, viz.:
Gold Bonds,
BB.—
& Northern Railway, Common, $100each
4,550 Birmingham Mineral Bailroad, $100 each
100 Clear Fork Raihoad. $100 each
100 Goodlettsville & Greenbrier Bailroad, $100
Total Collateral for Unified Mort. (Ledger
Value, as per Bal. Sheet ($16,648,086 26)..$29,183,606 00
60,00000
Total Stocks of Railroads included in Cost of Boad
(Ledger Value, $4,102,114 78)
$10,152,206 60
Railroad Companies Controlled by
$26,033,606 CO
Total Stocks
250 00
6,908,806 60
$82,540,926 86
Ledger Value.
$12,392,540 94
12,003,280 09
35,102,086 26
$59,797,907 29
.
1
November
THE CHRONICLE,
8, 1902,]
1043
TABLE NO. VI.
GROSS EARNINGS. OPERATING EXPENSES, AND NET, BY MONTHS.
Total L. & N. System.
[Average operated during year, 3,326-? 5 Miles.]
[3,391-81 Miles.]
Month.
Passenger.
Freight.
July 1901
Aug. 1901
Sept 1901
Oct. 1901
Nov. 1901
Dec. 1901
Jan. 1902
Feb. 1902
Mar. 1902
Apr. 1902
$1,657,218 76
1,750,242 33
1,774,465 53
2,116,274 17
2,078,566 13
1,810,482 19
2,092,62121
1,818.071 17
1,967,843 80
1,865,070 50
1,928,562 22
1,912,757 66
$526,091
558,513
546,510
520,963
485,614
534,266
498,803
455,016
501,592
507,276
546,478
536,671
57
48
58
01
00
33
60
57
60
47
Mail.
$65,215
65,270
62,588
65,555
65,555
60,828
65,686
65,686
62,047
65,944
66,418
62,842
Miscellan-
Operating
Expenses.
Total
eous.
Express.
Earnings.
77 $46,833 40 $16,030 60
27
43,254 17
18,359 67
35
44,649 31
18,20119
59
53,028 86
19,481 95
58
59,083 68
18,787 65
43
66,469 73
23,022 06
96
47,475 88!
20,162 94
95
43,670 09
19,203 85
54
54,719 79
20,171 72
78
60,965 92
21,292 36
41
64,479 62
19,361 80
17
49,515 73 100,412 55
j
1
$2,311,390
2,435,639
2,446,417
2,775,303
2,707,607
2,495,068
2,724,755
2,401,618
2,606,375
2,520,550
2,625,300
2,662,200
10
92
96
$1,764,401
1,692,469
1,665,639
1,845,588
1,740,242
1,573,596
1,712.946
1,656.190
1,798,594
1,836,372
1,799,183
1,817,222
58
04
74
59
63
45
03
23
10
Per Cent
Net
Earnings.
41
30
13
64
18
57
55
78
77
07
$546,988
743,180
780,778
929,714
967,364
921.472
1,011,809
745,457
807.780
684,177
826,116
844,977
of Exp. to
Earn'gs.
7634
69
62
69-49
68-08
66-50
64-27
83
94
86
17
041
85j
68
63 07
62-80
6897
6901
7286
96
38
51
68-53
68-26
$22,772,175 67 $6,217,803 38;$773,640 80 $631,146 18 $314,491 34 $30,712,257 37 $20,902,437 84 $9,809,819 53
68-59
May 1902
June 1902
Total
18
99
85
59
TABLE NO. VII.
TOTAL EARNINGS, OPERATING EXPENSES AND NET.
Recapitulation.
Percentage of
Gross Earnings.
Sources.
20-246
2-519
2-0H5
Passenger
Mail
Express
•062
Train privileges
Operating
Expenses.
Gross Earnings.
$6,217,803
773.640
634,146
19,127
38
80
18 f
28 J
Net Earnings.
)
!
$5,141,784 96
$2,502,932 68
$7,644,717 64
""•179
•020
Car detention, storage, insurance, etc
Weighing machine
Weighing cars
Switohing atNashville
Switching at Cherry Cotton Mills
Royalty on stone
Work train— C. V. Division
Special train, C. T. &T. Co
Use Henderson Bridge for wires,
Hauling Pullman sleepers
Helper engine
tolls
C.
Hauling
014
&
O.
•488
•005
•064
New York
•001
C. T.
& T. Co
15,760,652 88
001
001
pay car
Wilkesbarre Coal Co.—Default,—The interon the $478,000 first mortgage 6s remains
unpaid. The default was not unexpected as the bonds have
been quoted from 40 to 60 for some years. They were originally taken by tbe syndicate which built the Wilkesbarre &
Eastern for the New York Susquehanna & Western, but the
last-named company, it is stated, was in no way responsible
for their payment. The coupons have heretofore been paid
<!e
1
at 21 Cortlandt St.
Oklahoma (City) Gas & Electric Co.— Bonds Offered.—
Baker, Ayling
Co. ot Boston are offering at 101 and interest this campany's total authorized issue of $300,000 five per
cent $1,000 first mortgage sinking fund gold bonds, dated
March 1, 1902, and due March 1, 1922, but subjeot to call in
whole or in part at 105 and interest on any interest day. Interest payable March 1 and Sept. 1 in gold at the Continental
Trust Co., trustee, New York City. Capital stock $300,000.
A circular says in substance:
The new franchise for eleotrio and gas .lighting runs 21 years from
Maroh l, 1902. A 21-years' oontraot, dated March 1, 1902, to do the
olty lighting affords receipts which alone are at present at the rate of
$7,272 per annum, Earnings for the calendar year 1901, gross. $46,169; operating expenses and taxes. $22,333; net earnings, $23,786.
Net earnings first 5 months, 1902, $13,774, an increase of 35 p. c. over
corresponding period of 1901; Interest on $ 00,00 J bonds five months,
&
J
No dividends are being paid, the management desiring to accumulate a surplus. Out of the proceeds of the $300,000 there Is
being spent about $150,000 in enlarging the eleotrio plant and b adding the new gai plant. The oontraot with the street railway company to famish It with power should also increase the earnings. Beginning March l, 1904, $5,000 will be paid annually to the trustees
for the purohase and cancellation of outstanding bonds of this issue
at not over 105 and accrued Interest, the bonds, if not purchasable at
this price, to be drawn by lot at 105 and interest.
$6,250.
Oshkosh ( Wis.) Water Works Co.— Bonds Offered—OST. W.
Harris & Co. own and offer $400,000 first mortgage 5 per
cent $1,000 gold bonds. A circular says :
These bonds are dated Ang. 1, 1902, and are due Aug. 1, 1922, but
subjeot to call at 107>2 and Interest on any interest payment date beginning Aug. 1, 1907; or at 105 and interest for the purposes of the
Sinking Fund, beginning Aug. 1, 1908, or in case the city exercises its
option of purchasing the company's plant. Interest payable Feb. 1
and Aug. 1 at the banking house of N. W. Harris & Co. in Chloago or
New York. Central Trust Co. of Iil.s. Chloago, trustee. For the year
ending Deo. 31, 1901— Earnings: From consumers, $37,334; city
hydrant rental, $19,000; total gross earning s, $56,834; operating expenses, lnoludlng taxes, $18,073; net earnings, $38,261. The trust
deed provides for the direct assignment to the trustee of all olty
hydrant rental.
Stock, common, $200,000; preferred, $100,000. The total authorized bond issue is $800,000, but bonds in excess of $400,000 can be
Issued only for the purpose of reimbursing the company for not ex-
49 00
5,961 77
402 00
8 00
25 00
50 00
33
469
455
130
402 00
8 CO
25 00
50 00
16 66
33 00
469 00
455 00
130 68
00
00
00
68
$30,712,257 37
79
45
43
29
25
29
42 85
54,879 79
7,011,522
57,811
4,246
149,601
1,449
19,681
5160
1G66
100-000
due Nov.
22,772,175
57,811
4,246
149,601
1,419
19,681
5160
Total
est
49 00
5,961 77
•188
Telegraph, etc
Rents, etc
Trackage...
Wharfage and storage
Long distance telephone
Creosote Works— West Pascagoula
Bridge
67
45
43
29
25
29
42 85
54,879 79
n-147
Freight
$20,902,437 84
$9,809,819 53
ceeding 75 per cent of the aotual cost of making permanent extensions and additions to its plant, and then only in oase the net earnings
for the preceding year shall be suffk'ient to pav at least 8%peroent
interest on the bonds outstanding as well as those sought to be issued.
Pettibone, Mnlliken & Co., Chicago.— Increase of Stock.—
This company, which manufactures frogs, crossings and
switch material for steam railroads, has increased its capital
stock from $100,000 (nominal) to $2,750,000, of which $750,000
is cumulative preferred.
The increase is for the purpose of
capitalizing surplus and providing for the construction of a
large and complete plant which, it is expected, will be in
operation by May 1, 1908.
—
Pflster & Vogel Leather Co., Milwaukee, Wis.— Stock
Of the $4,500,000 stock, $500,000 is 5 p. c. cumulative preferred; outstanding, $3,000,000 common and $398,100 preferred. Par of shares, $100.— V. 75, p. 984.
Pittsburg Steamship Co.— New Vessels. —This company,
controlled by the United States Steel Corporation, has invited tenders for the building of 2) steel steamships of 9,000
tons carrying capacity each, for the cirrying of iron ore.
Most of them will probably be built by the American Shipbuilding Co.— See V. 74, p. 1143,
Railway
Steel Spring Co.— Absorbed.— The Railway
Manufacturing Co. of Washington (capital slock,
$300,000) was recently absorbed.— V. 75, p. 80.
Snoqualmie Falls Power Co.— Consolidation— See Snoqualmie Falls & White River Power Co. below.— V.73, p. 187.
Snoqualmie Falls & White River Power Co. -Consolidation.— This company has been formed at Seattle, by consolidation of tbe Saoqaalmie Falls Power Co. and the White
River Power Co,, the latter controlling the rights to water
power oa White River, together with Lake Tapps and exten-
Spring
&
A
sive holdings of real estate.
new 12,500 horse power plant
will be built at White River, and it is proposed to transmit
power to the coast cities, including eventually the district
from Portland to Vancouver. The Snoqualmie Company is
now supplying power to Seattle and Tacoma and intermediate
towns.
The
There is also
mortgage and refunding bonds,
limited to $3,000,000, of which the present issue will be
$2,000,000, consisting of 5 p. c. $1,000 gold bonds, dated Nov. 1,
1902, and due Nov. 1, 1927, but subject to call after Nov.
Of these bonds $750,000
1, 1912, at 105J when drawn by lot.
will be reserved to retire a like amount of the Snoqualmie
capital stosk is $2,000,000 in $100 shares.
an authorized issue of
first
Falls Posver 5 per cents.
(See V. 70, p. 433.)
President
THE OHBON1CLE.
1044
Chas. H, Baker; Secretary, Thos. B. Hardin;
Lester Tnrner, all of Seattle.
Treasurer,
M
company.
The
announcement says
of this
These properties consist of four oar-building plants with a capacity
for building 15,000 cars per annum one rolling mill with a capacity
of 45,000 tons per annum one blast furnace with a capacity of 18.000 tons of charcoal iron per annum one malleable Iron works with
a capacity of 9.000 tons per annum three oast iron foundries with a
capacity of 18,000 tons per annum; two wheel foundries with a
capacity of 200,000 oar wheels per annnm one large machine shop
capable of building all kinds of machinery, steam engines, etc, saw
mills with a capacity of 30,000,000 feet of lnmber per annum, and
three thousand acres 'of long-leaf yellow pine timber lands, together
with valuable options on other timber lands. The company also
owns a valuable piece of property at Birmingham, Ala., which has
been acquired for the pnrpose of building a modern steel oar plant.
The plants are looated in the heart of the ore and lnmber dlstriots of
the South, vis. at Memphis, Tenn., Lenoir, Tenn.. Gadsden, Ala., and
Anniston, Ala. The company is at present building oars with steel
onderframes, and it is the intention of the new management to Increase the oompany's facilities so that oars of entire steel construction can be manufactured.— V. 75, p. 669.
official
:
;
;
;
;
;
:
Standard Steel Car Co.— Purchase of Car Plant.— See
Southern Car & Foundry Co. above.—V. 74, p. 1095.
United Box Board & Paper Co.— Bonds Authorized.—The
shareholders on O^t. 31 adopted by a two-thirds vote of both
common and preferred stock the proposition to issue $3,500,000 bonds for the purposes stated in V. 75, p. 926. It is expected that a portion of the new bond issue will be used to
retire §2,000,000 of the preferred stock when it can be done
under the New Jersey statute, which requires that dividends
on the stock shall hive been paid for a year.
Earnings. An official statement of the profits since the
beginning of business on July 24, 1902, to Ojt. 1, 1932, fol-
—
lows
The combined companies exoluslve of theUncas Paper Co.. which
was not durln? that period working with onr company, showed a
:
1 of $100,546, and from
30, inclusive, a profit of $115,885; total, $216,431.
profit
from July 24 to Sept.
Sept
1
to Sept.
The showing
is
the more satisfactory as the company used 20,000 tons of coal per
month, for which it paid an average of $2 per ton more than the
average price for the past two years. Adding this $10/ 00 per month
would give a total of $156,000 for the month of September, or at the
rate of §1,S72,C00 per annum. The company has during the past
month acquired new properties for which it has paid $250,000 in cash.
The question of declaring a divilend on its preferred stock
was discussed by the directors at a recent meeting and
opinion was divided between the advisability of beginning at
once to make distributions to the shareholders and of waiting until a larger surplus has been accumulated.
— V. 75, p.
926.
United States Steel Corporation.—New Steamships.— See
Pittsburg Steamship Co. above.
Improvements and Additions.- While no official statement
has been ma^e as to the company's plans, the "Iron Age" understands that the following improvements and additions are
contemplated:
Carnegie Steel Company.— At Howard, near Homestead, a very
large -beared plate mill, a universal mill, an angle mill and a large
open-hear'h steel plant, to contain 16 50 ton open hearth furnaoes
National Steel Company— A fourth blast furnace at the Ohio
.
Work* at Younustown,
National Tcue Co.one of the couipxny's
Ohio.
large
A
largest,
if
new tube
not
mill at Lorain, Ohio, to be
individual plant. (See
its largest
also below.)
Amekican Bridge Company —At a point near Economy Station, on
F W & C. By., about 15 miles from Allegheny, a plant (now
the P.
most extensive of its hind in existence, and having a
producing capacity of 16,000 to 20,000 tons per month of ml? cell an a
oue structural material. (See ''Iron Age" of June i6, pages 5 to 7.)
The two new blast furnaces under erection by the Carnegie
Steel Co. at Beseeiner will probably be Lut in op ration, one
of them the first week in December and the second early in
the new year. The stacks will have a daily capacity of 500
to 600 tons each.
The National Tube Co. has also, it is understood, agreed to
expend a lars-e sum in rebuilding and greatly enlarging its
plant at McKeeeport, Pa., provided the citizens of that place
will deliver the land needed at not exceeding a specified sum.
Rumor states the intended expenditure at MeKeesport as
from 15,000,000 to $10,000,000, the plan being to concentrate
the company's works at McKeesport and Lorain. At Uniontown, Pa., a deed, it is said, was recently filed covering the
sale of 1,012 acres of coking lands in the Masontown field, by
Frank J. Hearne, to the National Tube Co., the consideration
being $910,800.
reduction in the price of tin plates from |4 00 to
Prices
$3 60 a box was announced on Monday by the American Tin
building), ihe
—A
Plate
Co.-V.
75, p. 984, 926.
United St ites Telephone Co.— Earnings.— Toe results for
the six months ended Aug. 31, 1902, are reported as follows:
Gross earnings, $144,595; net, $64,401; interest on bonds,
LXXV.
(frommzxtml %imzs.
^Ixjc
—
Southern Car & Foundry Co.— Purchased. A syndicate
Harssn, J. B. Brady, A. R. Frneer and
composed of J.
others, some of whom are connected with the Standard
Steel Car Company, has purchased "the entire properties"
[Vol,
COMMERCIAL EPITOME.
Friday Night, Nov. 7, 1902.
result of the elections held on Tuesday was favorable
to the Republican Party. As to the general business situation true outlook is considered favorable
for continued
activity and satisfactory conditions, although in a few
lines, especially in the metal and finished iron and steel
trades, a reactionary tendency is evident. Manufacturers of tin
plate made a sharp reduction in prices, and reports are current to the effect that the National Tube Co. is contemplating
a cut in prices for pipe. The refined sugar market is in a
demoralized condition, owing to the increasing competition
of domestic beet sugars. In speculative circles a decline in
cotton values, based on a growing belief in the larger crop
estimates, has been the principal feature. Weather conditions have continued generally seasonable and favorable for
the development of the retail business.
The
November
Stocks of Merchandise.
Card
Tobacco, domestic
Joffee, Rio
Joffee, other...
3offee, Java, &o
lugar
'ugar
Molasses, foreign
Jldes
Cotton
bales.
bbls.
bbls.
bbls.
8osln
Spirits turpentine.....
far
bags.
Sice, E. I
Rice, domestic
Flour
3,958
2,222
1,400,805
220,547
116,585
991
194.063
None.
26,300
75,105
21,658
None.
30,800
32,606
33,019
None.
9,500
50,839
26,3 70
1,564
1,024
5,700
bales.
......bales.
bbls. and sacks
984
372
802
1,005
7,000
6.300
3.843
None.
113,100
Manila hemp....
hemp..
6,606
6,022
2,380,320
154,746
125,347
None.
119,211
..bags.
bags.
bales.
Unseed....
Sisal
2,513
2,231,113
134,802
139.491
None.
121,451
6.500
None.
3,400
8,344
bbls.
Saltpetre
/ate butts
1902
tos.
hhds.
bags.
bags.
mats.
hhds.
bags, &c.
hhds.
No.
tfovemb'r 1,
1901.
October 1,
1,
1902.
2,000
5,600
None.
None.
4,100
10.640
1,500
None.
116,000
2,000
3,409
7,106
None.
95,200
Lard on the spot has been offered sparingly, due to the
small stocks, and prices have been firmer demand, however, has continued light. The close was easier at 11 55c. for
prime Western and 10 75@llc. for prime City. Refiaed lard
has had only a small sale, but prices have been well maintained, closing at 11*750. for refined for the Continent. Speculation in lard for future delivery has been moderately active.
Eiily ia the week prices were lower, but the decline was recovered on shorts covering and light offerings, The close
was quiet and slightly easier.
DAI5.Y CLOSING PBICES OF LARD tOTUBER IK CHICAGO
;
,
Mon.
rue*.
10-50
Sat.
November(lel'y..l0 50
T, rtlifl ._
uoll<la y.
Wed.
10 75
r*«n.
1095
tri.
>
10 92>*
9 37"*
9-37**
9-121*
920
del'y..... 912tfl
Pork has had only a limited sale, but prices have held
s'eady, with mess at $18 25 @18 75. Cut meats have been dull
and unsettled. Tallow has been dull and easier at 63^@6%"Cotton-3eed oil has been quiet and prices have weakened to
Bntter has been in
34c for spot supplies of prime yellow.
moderate demand and steady. Cheese has b;en firm but
quiet.
Fresh eggs have been firmly held for best grades.
Brazil grades of coffee have been more freely offered, holders showing increased desire to sell, reflecting weaker Brazil
advices demand has shown no improvement and prices have
been easier. The close was easy at 5 3-16c. for Rio No. 7.
West India growths have sold slowly hut prices have not
changed from 8^c. for go 3d Cucuta. Ea->t India growths
have been steady." Speculation in the market for contracts
has been more active. Tired speculative holders have sold
to liquidate their accounts and prices have declined. Tbe close
was easier under continued selling by longs. Following are
January
;
the closing asked prices
5-40c.
510o. June
490o. Feb
Nov
4-950. Maroh
5-l*io. July
5-45o.
.
Dec
5*550.
5-3tc. Bepi
5-05o May
Jan
Raw susrara have been sparingly offered and prijes have
held firm at Z'% >. for r-entrif ugals, 96 deg. and 3^ for muscovado, 89- deg. test. Refined sugar prices have been lowered,
owiDg to competition of domestic beetsu^ar, closing at 4*45 z.
Oiher staple groceries have been unchanged.
for granulated.
Kentucky tobacco has been in fairly active demand and
firm; offerings have been limited. The nurket for seed leaf
tobacco has been quiet, no sales of importnnce being reported,
bat prices have held steady. Foreign grades of tobacco have
been firmly held, with Havana in fair demand.
Business in the market for Straits tin has been slow. Offerings hive been free and as foreign advices have been weakened prices h ive weakened, closing at 26@25 25c. The de:
|
I
I
I
,
•-.
$45,625; balance, surplus, $17,776.— V. 75, p. 984.
mand for copper has crntinued to drag and prices have
Western Union Telegraph Co.— Favorable Decision. — shown a fagging tendency, closing at ll*W)@ll'8Jc for Like.
Judge Toayer, of the United States Circuit Court of Appeals Lead has been unchanged and steady at 4'12^c. Spelter has
at St. Paul on November 4, decided in favor of the defendant been easier, closing at 5*40c. Pig iron has been in light supthe suit brought ten years since by the Great Northern Rail- ply and firm for spot supplies.
Refined petroleum has been firmer, closing at 7*55c. in
way Co. to oust tbe telegraph company from 825 miles of
lines built prior to 1892. The court, it is said, holds that the bbls., 8*85c. in oases and 5c. in bulk. Naphtha has been
Western Union has a perpetual right of way under a con unohanged at 905c. Credit balances hav-« advanced to $1 36.
tract executed in 1882. The value of the line is estimated at Spirits turpentine has been advancing slightly, closing steady
$2,500,000.
—The
company has taken over the lines
Alabama Midland Telegraph Co.— V. 75, p. 926,803.
Acquisition.
at
of the
54^
@ 55c.
Rosins have baen quiet at $1 70 <& 1 75 for
Wool has been sparingly off e red
Hops in fairly active export demand and firm.
common and good strained.
and
firm.
—
J
. .
.
NOVEMBER
COTTON.
Friday Night, November 7, 1902.
The Movement op the Crop, as indioated by our telegram*
from the South to-night, is given below, For the week ending
this evening the total receipts have reached 318,686 bales
against 304,731 bales last week and 813,879 bales the previou*
week, making the total reoeipts since the 1st of Sept., 1902,
2,575,663 bales, against 2,412,516 bales for tbe same period of
1901, showing an inorease since Seit 1, 1902 of 163,116 balee.
Mon.
Bat.
.
.
.
THE CHRONICLE.
8, 1902.
Meeeipte at—
—
8
.
Wed.
m.
Ikure.
total
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
sieared, at the ports named,
Hew York, which are prepared for our special use by Messrs,
We
Lambert
Barrows, Produce Exohange Building,
<5fc
OS SHIPBOARD, NOT OLBABBD FOB—
Leaving
Nov 7 at—
Oreat
GerOther OoattBritain fr'nee many. For'gn v>itc.
Hew Orleans.
Gtalveston....
Savannah
12,601 10,359 24,056 13.102 11,769 14.611 86.508
15,582
......
••••-•
......
••.... 15,582
Bab. Pass, Ao
......
New Orleans... 15.9C9 17,526 22,428 18,062 20,672 11,032 105.629
72 3,984
9.935
971 1,847
Mobile. „„
1,119
1,942
426
......
426
......
......
......
PenBaoola, Ao.
Savannah...,.
7,733 8,589 11,187 7,933 6,893 7,794 50,131
Brnnsw'k.Ao. *....„„„ ...... ...... ...... 7,547 7,547
599 1,803 10,746
465 1,031
Charleston.....
3,764 3,084
1
......
1
.....
.....
......
......
Ft, Royal, Ac
Wilmington.... 2,039 1,824 1,464 3,948 2,294 1,204 12,763
1045
9,127 17.308 13,037 13,172
41.354 10,238 14.984 10322
21,220 2,700
8,650
Charleston...
Mobile
2"650
500
"506
New York
Total 1902
53828
1.184
2.811
1,100
1.287
2,000
7,000
198.831
102 440
86,035
14,225
79,709
33,670
1,287
4,650
7,500
1.500
28,000
i'boo
2,000
15,000
li'.ooo
Other ports
stock.
Total.
22616
14.873
57.091
42,923
.
73,281 27,546 64,741 29,194 15,382 210,144
538,064
Total 1901..
Total 1900.
99,726 20,033 47.415 11,979 22.965 212.118
90,260 25.035 25,459 7,132 18.414 177,734
627,362
459,846
Speculation in cotton for fnture delivery has been more
but at declining prices. It is generally understood
28
23 that the principal holders of the long interest in January
Wash'ton.Ao
2,415 2,865 16,795 have been selling in a moderate way, but against these sales
3,317 3,307
1,992 2,899
Norfolk .......
182
182 they have been baying in their short contracts for March
Wp't News. Ac.
256 delivery. The Ssuth has continued a steady sailer, both for
100
25
131
New York
753
917 speculative account and against actual cotton. W»-ather con52
2
46
52
12
Boston...— ....
678
678 ditions in the South have been reportei as favorable for the
......
......
naaal
Baltimore
50
667 growth of late cotton. The movement of the crop has con158
253
101
PhUadel'a, Ac. •....•
tinued only moderate, the amount of cotton in sight for the
Tot. this week 45,340 46,346 63,949 49,492 45,024 68,535 318,686 week showing a decrease as compared wiih the same
The following shows the week's total receipts, the total since week last year. During the past week exporters have
been reported as free buyers at the Southern markets at a deSept. 1, 1902, and the stocks to-night, compared with last year.
cline in prices, and it is expected that with the shipmenl s on
Mioek.
1901.
1902.
these purohases, which are expected to begin during the comReenvU to
ing week, the movement of the crop will show an increase.
This Since Sep.
r*ii Since Sep.
1902.
1901.
Nov. 7.
The Liverpool speculative market has shown a declining tenweek.
\ettk.
1, 1902
1, 1901
dency throughout the week, due to the selling against the
182,149 164,104
8alT6ston... 86.508 827,202 90,579 744,468
purchases of cotion from the Smth. To-day the local mar6,734
8ab.P. Ao. 15,582
25,794
368
ket opened at a slight advance, better European advices than
Orleans 105.629 622,550 97,303 630,755 252,659 211,250 expected stimulating baying for the account of shorts
to
27,296
71.026 11,492
67,653
25,711 cover contracts. Subsequently, however, there developed
Mobile
9,935
426
23,597
P'sacola,Ac.
8,646
84,176
renewed selling for the account of speculative holders to
Savannah... 50,13 L 485,011 72,058 445,319 118,705 138,023 liquidate their accounts, and prices turned weaker. The
3.441
7,547
43,438
Br'wlOk.Aa.
42,855
2,652 close was irregular, prices being 3 points lower to 4 points
3,287
15,512
10,746 117,679 16,259
91,971
22,276 higher for the day. Cotton on the spot has been easier, closCharleston.
15
1
28
94
P Royal. Ao
ing at 8'45c for^middling uplands.
27,208
33,500
Wilmington 12,763 182,374 17,585 125,649
A'he rates on and oft middling, as established Nov. 30, 1901,
149
23
41
138
oy the Revision Committee, at which grades other than
Wash'n, Ao.
22.373
152,497 22,797 155,953
16,795
38,178
aiddling may be delivered on oontract, are as follows.
Norfolk
182
7,045
350 fair
1,878
4,004
N'port N., Ac
..o. 1*14 on
Good Middling Tinned
Even
080 on Strict Good Mid. Tlnged.o. 020 on
58 591
2,158
256
24,650
70,206 Middling Fair
5,003
New York.
Itrlct Good Middling
050 on Strict Middling Tingeci..... 006 off
29 000
917
5,487
13,550
1,684
17,000 aood Middling
032 on Middling Tinged
OiioS
6,682
4,303
17,043
10,517 dtriot Low Middling
678
5,892
.
014 off Striot Low Mid. Tinged... 0-34 off
Baltimore
fvow Middling
0-38 off Middling 8tained.._.
0-50 off
4.592
534
2,713
567
6,337
7,534
Phllaflel.Ac.
•Strict Good Ordinary
072 off Strict Low Mid. Stained... 106 off
:
ew
748,208
318,686 2,575,662 355,434 2,412,546
Totals
739,480
In order that comparison may oe made with other years,
we give below the totals at leading ports for six seasons
Receipts
at—
1902
New
Orleans
Mobile
Savannah...
Ohas'ton, Ac
Wllm'ton, AcNorfolk
N. News, Ac
411 others...
1901
102,090
105,630
9,935
60,131
10,747
12,786
16,795
182
10,391
Galves'n.Ac.
90,947 119,311
97,303
93,435
11,492
4,605
72,058
25,245
16,287
9,174
17,626
6,410
22,797
10,800
1,878
2,597
25,046
24,105
tot. this wk.
Since Sept
I
318.686 355,434 295,732
1897
1898.
1899.
1900.
93.436
64,269
5,788
40,5 li
8,132
16,315
18,867
326
14,747
262,391
118.203
103,814
17,497
61,476
29,097
20,545
37,600
1,984
59,539
449,742
121,782
105,047
15,576
66.863
32,988
15,900
32,713
428
30,308
411,605
for the week ending this evening reach a total
of 193,9J9 bales, of which 110,702 were to Great Britain, 7,812
to France and 75.395 to the rest of the Continent.
Below
axe the exports f jr the week and since Sept. 1, 1902.
Week Bndino Nov.
Exported
Bx+orti
from—
7,
—
81324
Bab. Pais. Ao.
8,
Hew
Orleans
Mobile
Psniaools...
Exported
57,041
193 025
15,082
6.182
198,363
ll.h2?
13.943
120.910
704
8.900
10.244
40,598
82
—
to
Continent.
256,915 104,825
19,426
66.673
7,648
2 950
50
60
18.40C
18.E23
42,435
10.80C
25,696
10.H0O
30.26&
6,860
6,260
6.160
15,560
48,0d9
14,t0?
85.6K0
200
4,68 1
7,072
Charleston
Port Boyai.
Wllmtnuton.
Norfolk
N'port N.. 40
.
11,607
200
York....
817
2.5<-3
Bolton
Baltimore
Philadelphia.
2,eS3
7.074
1.150
6,f3:t
7,074
441
110,7
1
1
i2
a 70 7
7.812
op
Q^r;
441
8,873
8anPran..4o.
inni
Sept. 1, 1902. to Nov. 7, 1902.
to
6,291
23.650
Savannah
Brvniwtok
Total
Vrom
0S1K<- 2st«i
franet
.France
Brtt'n.
n«nt. VFtik Bnieto.
Qalveiton
"-»-
1902.
©r««t
.
100 off
olood Ordinary
1,160
8.V73
601
55,571
20.076
24,411
14,008
13
21.886
3,242
221,029
121.975
1.S-00
Tote
651.265
20,130
381 1*1
19.270
81.356
288,35)
37,125
63,829
UPLANDS.
....
61,676
670
6.74)2
....
1.050
15.05S
31,1-05
81,818
75,395 193.909
789,696 202,235
810,032 1 772,013
OA 704 9<U
Ril 4"» 2">3 7S>0
720.465
c,i;
Middling Stained
i •
d
1-50
Sues
TC'oti
H
7-50
8 12
7-50
812
8
8 50
765
760
8-27
8-22
865
lood Ordinary. ................
<ow Middling.... .... .... ......
8«o
8-50
8-92
8-82
o
off
for
Vrl.
745
07
845
877
9 30
9-25
TJa.
Frl.
790
785
7'70
8-52
8-47
8'85
»97
945
.
GULF.
9 40
890
922
970
Middling
food Middling.......
917
965
VI
7-75
7-75
©
837
837
832
p.
8-75
9 07
8 75
870
955
950
Th. Fr»,
7'00
700
W
e
Vj
Sat.
STAINED.
jow Middling........... .......
lidding
Low
Middling Tinged...
iood Middling Tinged
tfsrlct
e 82
930
Sat. n o d Tuet- Weoi
iood Middling.....
Hfioa
IBM
7*15
8*15
7'10
8 10
8-26
Holi
day.
831
865
800
907
8
00
8-16
8-16
85 )
860
y-02
9 55
8
50
6 95
795
811
845
"he quotations for middling upland at New York on
Nov. 7 for eaoh of the past 32 years have been as follows.
1902
1901
1900
1899
1898
1897
1896
1895
0.
8-45
713 16
89. 8
78g
55 16
6
8i«
8l5 ia
1894. ...0. 5iiie
1886.
1393
1892
1891
1890
6*8
1885...
8>a
1884
1883
1882
1881
1880
1879
..
8H
9Sa
I889......IOJ4
1888...... 9 7e
9*8
0.
95> a
a 5 it
lOki
10ia
115&
11
117 18
1878. ...0. 938
11^8
1877
1876. ..^.11«b
1875......1S5 16
1874. .....1468
1873
130b
19*4
1872
7
18ifl
1871
1887
. 9 s
1874, grades of ootton as quoted were changed.
Aeoordingto the new classification Middling was on that day qnoted
%e. lower than Middling of the old classification.
Notb.— Onoot
1,
MABKET AND
160,877
0.4W8
128 It
20.616
31.203
m
Matt.
Spot Market
Closed.
E01
5,959
Low
On this basis tbe official prices for a few of the gr:-deb
the past week— Nov. 1 to Nov. 7— would be as foli<
2575,662 2412,346 2516,415 2288.178 3175,605 2934,469
The exports
New
active,
SALES.
ftjtttbeb
8 iLBS O* SPOT
Mabkbt
Closed.
S»tarday
Dnll
B'rly steady.
tfunday... Dull, 5 pta. dec.. Easy
Tuesday..
pon.
Oontump.
A COMTBAOT
Oontract.
1,457
vOO
Holi day.
total.
9,500
1,457
9.700
400
300
420
300
..
Wednesday Dull, 10
pt8.
dec Irregular...
2«
20
Thursday
Dull
IStoauy .....
Friday...
Dull, 5 pts. dec.
Steady
28
1.70* 10.2OO 11.905
»
!
THE CHRONICLE.
1046
tea
^2wgSwS9g>a92>»j9w|92 t9gig
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
•
gp: T 99 i
c
1
ii
:
I
,
•
hduo
«
p: «?»: 7?: H
g«: (0
Hi]
:
il
j
•
1
corresponding period of 1901
gg|gS|IS|
Olosln
Bange
e>
I
op
«
•
•
5:
!
i:
:
1
1
1
«
1
,
1
1
1
1
1
1
1
9
MM
we*
OCOD
t-'f
*>c*
9
9
1
°P
1
1
1
1
M
**a
1
1
00
to to
>
00 00
1
ii
00 00
H
*
1
1
1
i
•
;
00
!
1
9
03 00
tots
©~l
00 00
KUC
1
1
i£
9
1
00 00
to to
05 05
I
9
00 00
°?
tO
CD
i
1
tO to
-3©
00 00
to to
9
I
05
.
00 00
°?l
1
to
ft
9
I
°?l
toco
-4M
o
1
°?l
1
bS
-J
i
i
:
ii
:
1
i
00 00
to to
to 10
PO>
9
1
OOOD
aoao
1
9
1
O3 0D
9
aoao
«J
Oi©
WW
M*>.
"Pi
00 00
to to
OOOD
OtOD
00 00
*>*>•
l*C0
1
9
to to
Wm
»*»
9
1
1
9
91
00.
00,
00 00
toco
1
tow
ON>
to
-J
to
1
«1
;
:
0DO0
*>•*•
M*-
OtO
01 CD
i
aoao
ppWW ©M WW
OM
oo
to to
05 -a
00 00
-a to
9
ODO0
00 00
f
:
00 OO
WW
1
I
>
toco
»'
tO 14
tO
cm WW »w W
00 00
m>
•
•
i
9
ooao
WW
-to
QDQO
iota
©00
set out in detail below.
is
J>
3 8> a 2 5" g
5 W M © g M
BpBug.J.
&*$V P BOB
SeE^p-B}
Bsr-ga-
(t» [t.
(I hn QC
VH
3BB<» Bsffi;
?»
1
<
V
H
4
o
HO>o
K
OD
ooqS
B> >H 3
©
r
00
00
S3
S
•
S
w
>
'TJZBI
1
8
.
P.
00
>
.
0)
,
*iS
1
1
fcj
—
s<5
«
9
9
9
a oo 09 00 0000
& w PP ww
tow M«3 ©to
1
LXXV.
for the
|
OOTOBB
[Vol.
At the Interior Towns the movement —that is the receipts
Futures.—Highest, lowest and closing prices at New York.
Bange
.
fr-
*w
—
"
—
co
W ^JOWWKCWIOH
01
oo
«k»^ Mfc8
mVVi to*— W
—
"•
WCOWpj^lfkj-'WOJJOW
ccV oo"»o ©^- © 00 MOD M*. MWOO » to ©Vo CO *© 00 ©
*
i^wmw ®w©cowi^if».w«aK!i^oc©®w«JM©co-a»— cDau«oo3
©*-Mk000-JW»MCO»S-J-JI^00O;a©»5C*»00MMXlC<IX«(0W
."I
m
ao
to
m
W©WM_co 10 MCOMMtOkOtOMOO m CC W tO W <- CC i* CO Ob m
w m to « © cc © © *» <i >o — « " 00 ao ©w mm <x>***a 00 © © boh © w m
«o
00
iva iioh
*
0000
1
1
i
1
»
!
1
©©
tow
*
9
1
00 00
aoas
^h'
t£*3
"Pi
M
00 00
V-'^
0>V
00 OD
1
1
1
9
1
1
1
9
H
9
i
-J 00
1
i
I
1
I
1
1
i
I
9
I
i
1
i
|
I
1
i
66 "I
0"«3
w
!
9
ocoo
9
1
i
i
coo
**©
Om 03
o
-to
acQo
coce
o*«»
*
i
I
1
1
•
1
9
OD.
1
99
*?i
GO 00
^^
>-•>-'
9
00 00
1
aoao
t-1 *-^
tOM
9
I
00 00
I
9
I
00 0D
i
9
ex oo
1
9
aoao
CD
•a
t^t-'
m'
1
1
o
°P
9
1
9
OOOD
1
9
aoao
9
^
St
WB.
ooao
ft©
wto
.
1
1
9
I
>
9
M oo OM OO tow
(**]
*>
p<o M W
o-.p
9
ODOO
to
en
ooao
©M
MM o©
wto ©ft
9
ODOO
MtO
©ft
1
i
i
1
1
00
-?
cc
*>
!
i
1
3
1
1
;
1
&
1
t
1
1
9
°?
M
ex
1
1
1
o
*•
9
°°
00
°°
1
1
1
M
w
9
1
1
1
°°
1
1
tO
I
1
°?
o
CO
9
°°
CO
°°
1
1
1
I
1
o
o
9
°?
to
1
1
1
1
!
M
W
to
M
The Visible supply of Cotton
°P
o
M
9
°P
CO
to
.
1
-J
to
-3
1
9
1
00
4
a8
«!
**>
9
'
"
1
1
1
•a
9
w
w
M
9
1
HH^M^ COM to
*kH"^jaocopDj^ci;«©jsco
*
<1
9
I
'
•*l
°?
CO
to
1902.
245,000
took at London
12,000
Total Oreat Britain stook. 257,000
•took at Hamburg...
......
9.000
Stook at Bremen
133,000
Stock at Amsterdam
1901.
1900.
1899.
342,000
14,000
356,000
15,000
88,000
730,000
200
2,000
73^,000
25,000
172,000
American—
191.000 166.000 291,000 650 000
219,000 172.000 171,009 886,000
Amerloan afloat for Europe... 682,000 895,000 802.000 581.000
United States stook
748,208 739.480 637,580 911,234
United States Interior stocks. 519.755 573,367 545,963 691.662
S3, 253
United States exports to-day28,109
60,948
47,691
Total American
2,388 072 2,699,100 2,508,191 3,270,587
Matt Indian, BratU, Ac—
54.000
Liverpool stook
63.000
51.000
80.000
12.000
2.000
London stock....
7,000
14,000
28,000
Continental Btooks
37,000
22,200
43,200
21,000
9.000
53.000
India afloat for Europe
4,000
67.000
56,000
64 000
67.000
gypt, Brazil, Ac, afloat
Stock in Alexandria, Egypt... 117,000 130,000 105,000 143,000
Stock In Bombay, India
165,000 116,000 171,000 180,000
464.000 418,000 480,200 519,200
Total East India, Ac,
Total American
2,388.072 2,599,100 2,503,491 3,270,587
Total Visible snpply.......2,852,072 3.017.100 2,988,691 3,789,787
46 la d.
Middling Upland, Liverpool..
4-52d
50.., 3 fi.
43.„d.
8-450.
713 19 0.
Middling Upland. New York..
7«5e.
9»i 6 e.
516 16 1.
73 u d.
BgJPt Good Brown, Liverpool
7h6d.
61, «<L
Peruv. Bough Good, Liverpool
6-90d.
7*81.
7d.
77, «d.
bales.
Broach Fine, Liverpool. ......
Tlnnevelly Good, Liverpool...
4ll, 8 d.
4^3 3a d.
4'sa*.
47 16 d.
<-
p.
00
M
<*
>^
^1
^
v CO— MM M M*»COW*»3*.MtO CG* to OS ©J^K) MCOCO© —
o ® wVoio olj aVa cn'V 1. Vo> V* h"«j!o -J-Jos^-^-f»©%'coM
CP0D«>l^©M©C0^©©'£C00>OC0l^OC0t0^-4OMO©C0aa<W>k3M*©COWWtOOOto»9CC*>©C©!0«tuu (r ~ltoaotOie'C>>Ml(tCO-'M
00
C0»l»-l(k
cji
M
hj
5'8 d.
4Hd.
5ii«d.
id.
Continental imports paet week have been 169,000 bales.
The above ngares Indicate a loss in 1902 of 165,023 bales
as compared with samt date of 1901. a decrease ot 136,619
bales from 1900 aud a decline of 937,715 baiea fi-oco 1^99.
Bo
M
M
M CO to tv tO >- «1 MCOtOCOWCOM-JtOCOOC —
© © *» © to © M 03 "' © © *.<!« tO © tO CO © W ©
tO
^1 r- *^ *k
00
CO
CO 00 CO 00
tO
~W M
O
*>
MtOtOCOCO
CO
—©
©»
CO»OtO»QCtOM©KiCC0D
ffi«JO»-0 M^HI0«Wi-"J O-J» COaD|fkJO0X©*»CC — to«J
ODCO'0©>0©'4©*'!OMtO--MWtO«JIl®-JtO«MOD©0<IJ"f W^
COCC©WaC©0:aotOCO»© — ©©W©ODi«kODM«©00-JtOl^tOWtO
MMCOMM
© M
-WW"; ^MtO — tOM CO WO MOD^ Wjfc COMMtO
M O — © WJ35 *
«J W<>> ©M
to © mTo w*© w oo too w © "a oo © © c ©"© <i ao
CtoOM^s, ©©©! p-H»iBffi»cf »o«)cs>ir»aoio)wMM
«if>ioaoM©©-j- ©MtoMo:oo©<i©»wto-j»JOoxcoooto — to
tO
tft
*k <i*co"to »]
*
5
I
PI
The above totals show that the interior stocks have increased during the week 32,633 bales, and are to-night 53,612
baless less than same period last year. The receipts at all the
towns have been 14,474 bales less than same week last year.
Overland Movement fob tbe Week and Sinoe Sept, 1.—
Ve give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Nov. 7 and since Sept, 1 in the last two years are as follows.
1901
1902.
November
200
5,000
3,000
4,000
4,000
51,000
57,000
63,000
144,000
Stook at Marseilles...
2,000
2.000
2,000
4,000
Stock at Barcelona....
37.000
30.000
60 000
15.000
Stock at Genoa
7,000
10,000
10,000
5,000
3,000
Stook at Trieste
4,000
9,000
1,000
Total Continental stocks.. 247,000 209,0 JO
193,200 4 2 9,2 '.>0
Total European stocks.../ 504,000 445,030 549,200 1.161,200
India cotton afloat for Bar ope
21 ,C00
9.000
53,000
4.000
Amer. cotton afloat for E'rope. 682 000 895,000 802,000 581,000
r
Rgypt,Brazll,&o.,ant.forE pe
67,000
56,000
64,000
67,000
Stock in Alexandria, Egypt... 117,000 1 30,000
105,000 143,000
1 65.000
Stook in Bombay, India
116,000 171.0O0 180,000
Stook In United States ports.. 748.203 739,480 637,580 911,234
Stook In U. B. Interior towns.. 519,755 573,367 545.963 694. 6H2
United States exports to-day ..
28,109
53,253
47,691
60,94 S
Total visible supply
2,8 52,07 1 3,0 17, 100 2,988,691 3,789,787
Of the above, totals of Amerloan and other descriptions are as follows:
Liverpool stook
Continental stocks
*
2
to
1,000
Rotterdam
Stook at Antwerp
Stook at Havre
©IsIoco'co'ViVik)
s
0-»0<£««KK' CCMtO^^.M060M©0'*>M©«JO«-JN!M©
00WC0O5
229,000
7,000
236,000
12,000
91,000
(Stock at
.-•
;
1c "w"—"*
to-night, as made up Dj
cable and telegraph, is as follows, Foreign stocks, as wel?
as the afloat, are this week's returns, and consequently al)
foreign figures are brought down to Thursday evening
But to make the total the complete figures for to-night
(Nov. 7;, we add the item of exports from the United States
Including in it the exports of Friday only.
•took at Liverpooi..._bales-
s
ooV3M'^V5oVi'cowec<r3s
|-l
O!
°°
1
1
o
«
"CO
to
. ^ .J ^
O
© © oo m Wji^ to^— wm«©_cc#»©»]
OD
Cr
to
1
^
i
to
M
*3
CWKK
lOtOMWCOCO
if>-
"^V 'co'co'm'Wo « *» ©"©00"-- ts"^ wbi^iVjO'VIolfc ©mVi«ooj©-j"-j
-Jt0O>C0CO5tOlfk©X<l~J©CcC0itk®ai*»t0i^C0<l©t0>-«.0CW»C0
Ifr-^' ©-JC0lf^»WOt) — **«»*'©WtO«JCDCO*k©-3CX|^.©0DaC»'-«M
©«3ft
!
"«a
W©0©©I^C05©eOOO©©<)W©©»0— ®»©C^MtO|^©a)l«K]M
o'<
aoao
°°
1
1
CO
MOMIOnkOMMOO
(0
w to"** w «"-3 Vo > M M 00 CO -3 " f- «3 OOoO © © *
COWOOO-JCOKi©-3WCoW-JCOO»j!Xi«3«JM»©© rCO©C0O>-WCC
tow**
1
1
*
©«
©©^-ODOOCCMOo; ClCO-4tON>tOCO©W>-MMtO«3COOM«at3<IW
aoao
1
co
ao
mw'V'o"- »©od»o'
«•
oca
1
1
OD09
>
°°
°°
w
to
9
6"
©
giua
"m©";* — oo"aj to
Ol
MW
M>—
«j©
tOM
©<i
1
OOOD
tO*'
1
00 00
op op
aoao
00 00
9
ao
to to
oco
9
ft©
OOOD
00 <1
1
MtO
-ao
00 oo
»0<l
00 00
to tO
oom
oo OO co
tow -JO WM
00 00
ocoo
1
00 00
oo ao
Om OM OM oo
oo*to
wto ft*»
0000
9
WW
WO
9
ooac
1
MtO
t-f
1
66 p-p. 66 66
WW 66 crp- w#>
4
aoao
OM ww
(OO P-f
0900
1
MtO
tOM
aoao
9
00 00
9°
to
00
00 00
MtO
wao
oo.
©#>•
OOOD
c
66 o
<0
cc e-
1
OOOD
°?
-a -a
1
t-tt^
9
1
MtO
oo *W
*»0D
00 09
*-«
CO
«
ODOO
1
ife-
CBHHMoViojkVwMa^^^~«V'^"Hai*c"b""»MHKi*ob*aosi
00©OCifkO©©*>*'©OOi^WCOWWMOk-5oekO«otDOOC«:WOOW>-'M
Wt0»'®tO^l©©©Uil^0O©lt-«»0M©WM00«kt0rfkT'aMW»©<l
7.
*eek.
£inss
itpl.
1.
WUk.
Sine*
frpt.
1.
—
Shipped
Via St. Louis
Via Cairo
Via Paducah
Via Rock Island.
Via Louisville
30,538
9,548
127,018 42.218
40,512
8,083
433
633
983
5,145
25,273
4.339
60.0^9
4,564
15.278
57,340
260,368 80.777
801,856
2,418
2,823
726
17.285 13,113
6,142
5,757
12,727
2,101
62.777
15,188
12,206
5,967
Total gross overland
Deduct shipments—
Overland to N. Y., Boston, &e..
Inland,
towns
from South
Interior
<feo.,
Total to be deduoted
Leaving
total net
1.75«
8,535
29,136
17,368
48,790
36,154 20,971
5,257
594
13.287
Between
170,532
30,495
overland
.',4.373
227,214
8931
59,806
90,171
814,685
Che foregoing showa that ttie week's net overland movement
year has been 54,373 bales, against 59,806 bales for the
week iu 1901, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 12,529 bales,
this
1902
In Sight and Spinners
Takings.
***k.
1901.
Sine*
Sept.
1.
W««*.
Sinet
Sept.
1.
Receipts at ports to Nov. 7
Net overland to Nov. 7
318,3862,575.662 355.434 2.412.546
54,378 227.214 59,»06 214,685
Southern consumption to Nov. 7.
40,000 393.000 35.000 333,000
Total marketed
413.059 3,195.876 450.740 2,960,231
32,633 456,677 48,237 444,062
Interior stocks in excess.
Came into
sight during week.. 145,692
Total in sight Nov. 7
North'n spinners' tak'gs to Nov.
Movement
Week—
1900-Nov. 9.
1H99-NOV. 10
1898-Nov. 11
1897-Nov. 12
498,477
3.652,653
7.
56,953
431.093
3,404,293
70.605
390.851
into sight in previous years
1—
Bale*.
Sine* Sept.
426,740
403.203
574 134
543.688
1900— Nov. 9
1899— Nov. 10
1898— Nov. 11
1897— Nov. 12
Baiet.
8,591.844
3,388,853
4,212,898
3,882.669
—
. .
.
.
.
.
^November
THE CHRONICLE.
8, 1902.]
Quotations fob Middling Cotton at Otheb Mabkets,Below are dosing quotations of middling ootton at Southern
and other principal ootton markets for eaoh day of the week.
CLOSING QUOTATIONS FOB MIDDIJNG COTTON
Week ending
Nov.
7.
Mon.
Satur.
8»8
8
713 16
715 16
Oalveaton.
New Orleans
.
Mobile
Savannah...
Charleston ..
Wilmington.
Norfolk
Wcdnes.
Tkurt.
Fri.
8
7i6i6
715,6
Z^i«
l\>
713,8
713js
7^8
8i«
734
Z!J"
8*8
7*4
8*8
8*
Tttei.
8
8-50
8
8-50
8H
818
8-70
715ib
rl3 ie
8*e
8
71316
8*
83,«
8-65
8*4
Philadelphia
890
8-85
Augusta
8»i«
8
81,6
7*8
8
8*8
w
c
pi
s
83 1S
8ifl
Baltimore
.
8-65
8*4
Memphis
St.
Louis....
Houston
Oinalnnatl
Little
»H
.
7H
7%
880
BH
8-75
8
8-75
7%
ZlSi «
7 '8
81,6
8
8
71B 16
8>4
7>4
8H
7%
8H
7 9 18
Booh.
7%
7%
"l
7»&16
8H
7"i«
ON—
77,6
7>4
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
Nashville
7H»
Columbus, Miss 7**
Athens
7%
7>3 l6 Eufaula
711,6 Natohez
7»s
Atlanta
Raleigh
8*4
7*
Louisville
8
734
Montgomery... 79,6 Shreveport
7^
Orleans Option mabket.—The highest, lowest and
Charlotte
Columbus, 4a.
New
olosing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Sat'day.
Monday. Tuesday, Wed'day, Thursd'y Friday,
Nov.
Nov.
1.
Nov'bbr—
3.
Range...
7*969
Nov.
4.
—
- 37 98
Closing
Nov.
. .
—
-a
7-82 »
5.
—
Nov.
6.
7-789-79
Nov.
—
We have had rain on two days of the past
week, the precipitation reaching one inch and twenty-five
The thermometer has ranged from 48 to
hundredths
76, averaging 63.
Helena, Arkansas.— Cotton is nearly all picked. Rain has
fallen on two days of the week, to the extent of sixty-nine
huudredths of an inch. Average thermometer 62, highest 76,
lowest 45.
Nashville, Tennessee.— We have had rain during the week
to tbe extent of thirty-seven hundredths of an inch. The
thermometer has averaged 58, the highest being 74 and the
wet weather.
.
lowest
7)3ia
7^8
8
—
the lowest 54.
Savannah, Georgia. It has rained on two days of the week,
the rainfall being seventeen hundredths of an inch. The
thermometer has averaged 64, ranging from 43 to 78.
Augusta, Georgia.— There has been rata on two days daring
the week, the rainfall being twenty-five hundredths of an
inch. The thermometer has ranged from 40 to 76, averaging
—
—
- 7-739 - 7-729 —
Dec'beb—
Range
8-049-11
Closing
3-06907
7
n
809914
©.
3-099-10
7949-10 7-859-96 7809-93
7-95996 7-869-87 7-879-88
8'149 19
8-14® 15
7-999-14 7-91902 7-879-00
8009-0) 7'929*93 7-949 95
8-199-23
8-189-19
8-039-17 7959-06 790903
8-049-05 7-969-97 7-979-99
. .
Januaby—
Range
Closing
. .
7-909-06 7-819-92 7-759-90
7-839-84 7-829 83
-929
Mabch—
Range
Closing
.
Mat—
Range
Closing...
61.
Charleston, South Carolina,— Rainfall for the week, twenty
hundredths of an inch on two days. The thermometer has
averaged 65, the highest being 76 and the lowest 50.
Stateburg, South Carolina.—The weather conditions continue favorable for the maturing of late cotton, but progress
We
in that line is becoming more and more slow.
have
had light rain on two days of the past week, the rainfall
being twenty-three hundredths of an inch. The thermometer
has averaged 60 5, ranging from 42 to 78.
Greenwood, South Carolina.—
have had rain on two
days of the week, the precipitation reaching thirty-eight hundredths of an inch. The thermometer has ranged from 43 to
Tone—
Spots
Options...
Easy.
Steady.
Easy.
Quiet.
Easy.
Easy.
Quiet.
Steady.
Weather Reports by Telegraph.- Advices to us by telegraph from the Sooth this evening indicate that in most
sections the weather has been less favorable daring the week.
Rain has been quite general and at some points has teen
rather excessive, interfering with the gathering of cotton.
We
thermometer
59*8, highest 73,
lowest
44.
The following statement we have
also received by telegraph,
showing the height of the rivers at the points named, at
3 o'clock Nov. 6. 1902, and Nov. 7, 1901.
1
are less satisfactory.
Galveston, Texas,— We have had heavy rain on two days
daring the werk, the precipitation being two inches and
twenty-six hundredths. Average thermometer 69, highest
76, lowest 62.
Palestine, Texas.
There has been rain on two days during
the week, the rainfall reaching one inch and seventy-two
hundredths. The thermometer has averaged 65, the highest being 74 and the lowest 56.
San Antonio, Texas. Rain has fallen on three days of the
week, the precipitation reaching sixty-eight hundredths of
6, '02.
Nov.
Nov. 7, "01.
Feet.
Feet.
5-8
5-4
8-7
0-7
1-8
1-0
0-3
Clew Orleans..— ..— .. .Above lero of gauge.
Memphis.........— .Above zero of gauge.
Above zero of gauge.
Tashville........
Shreveport....
Above zero of gauge.
Vloksbnrg.. ...... ......Above zero of gauge.
—
—
64,
58.
Charlotte, North Carolina.—It has rained during the week,
the rainfall being sixty-one hundredths of an inch. Average
at Paris, Texas, states that.since the advent of generally bad weather the prospects-for ,the.top crop
The thermometer has averaged
averaging
73,
Our correspondent
an inch.
43.
Memphis, Tennessee.— Picking is active, having been
interfered with only two days. Rain has fallen on two days
of the week, the rainfall being sixty-nine hundredths. Average thermometer 63'1, highest 74'9, lowest 51.
Mobile, Alabama.— Rain in the interior in the middle of
the week. We have had rain during the week to the extent
of ninety-nine hundredths of an inch on two days. The temperature has averaged 66, ranging from 49 to 77.
Montgomery, Alabama. —There has been rain daring the
week to the extent of ninety seven hundredths of an inch, on
one day. The thermometer has ranged from 47 to 78, averaging 62.
Selma, Alabama.— We have had rain on one day of the past
week, the precipitation being seventy-five hundredths of an
inch. Average thermometer 70, highest 85 and lowest 44.
Madison, Florida. We have had rain on one day daring
the week to the extent of sixty- five hundredths of an inch.
The thermometer has averaged 66, the highest being 78 and
7.
it
1047
15
51
11-6
Movement fboh all Pobts.— The receipts
Bombay and the shipments from all India ports
India Cotton
of ootton at
ranging from
the week ending Nov. 6, and for the season from Sept,
Nov. 6 for three years have been as follows:
48 to 80.
for
Corpus Christi, Texas.— There has been rain on two days
of the week, the precipitation reaching ninety-three hundredths of an inch. The thermometer has ranged from 56
to
1903.
to 80, averaging 68.
Heceiptt at—
Fort Worth, Texas.— We have had rain on three days the
past week, the rainfall being fifty hundredths of an inch.
The thermometer has averaged 64, ranging from 50 to 78.
Paris, Texas.— Since the advent of rain and generally bad
weather prospects for top crop have become somewhat
gloomy. Do not believe the top crop will amount to mach.
The weather continues wet.
New Orleans, Louisiana. There has been rain on one day
of the week, to the extent of one inch and seventy four hundredths. Tbe thermometer has averaged 68.
Shreveport, Louisiana.— We have had rain on three days
daring the week, the rainfall being one inch and twenty five
hundredths. The thermometer has ranged from 52 to 77,
averaging 64.
Columbus, Mississippi.— We have had rain on one day daring the week, the precipitation being five hundredths of an
inch. The thermometer has averaged 61, the highest being
Week.
6,000
Since
Since
Week.
Sept. 1.
32,000
Sept. 1.
9,000
For tks Week.
1900.
91,000
Week.
3,000
Sine* September
Since
Sepi.l.
38,000
1.
Mnporte
from—
Great
Britain.
—
70 and the lowest 52.
Leland, Mississippi.—It has rained during the past week
to the extent of one inch and thirty-five hundredths.
The
thermometer has ranged from 41 to 84, averaging 60.
Vicksburg, Mississippi.—There has been rain on two days
during the week, the rainfall reaching eighty nine hundredths
of an inch. The thermometer has averaged 66, the highest
being 80 and the lowest 54.
Greenville, Mississippi.— Very heavy rain on Tuesday,
cloudy on Wednesday, but balance of week fair.
Meridian, Mississippi. Rain on one day of the week.
Little Rook, Arkansas.— Picking has been interrupted by
1901.
1
Continent.
Total.
Qreat
Britain.
Continent.
Sotai.
Bombay—
1902 ....
1901
1900
Calcutta—
1902
isoi
1900
4,000
2,000
8,000
4,000
2,000
8,000
21,000
18,000
58,000
22,000
18,000
68,000
5,000
s.ooo
1,000
10,000
2,000
2,000
7,i»00
5,000
3,000
7,000
1,000
1,000
1,000
3.000
1,000
1,000
3,000
1,000
1,000
1,000
2,000
2,0C0
i",obo
19.000
17,000
18,000
19,000
17,000
19,000
5,000
3,000
12.000
5,000
3,000
12.000
1,000
46,000
41.000
84,000
47,000
41,000
95.000
Madras—
1902
1901
1900
All others—
1902
1901
1900
......
total all-
1902
1901
1900
...
According to the foregoing, Bombay appears to show a
compared with last year in the week's receipts of
3,000 bales. Exports from all India ports record a gain of
2,000 bales during the week and since September 1 show
an increase of 6,000 bales.
decrease
—
J
li'obo
.
8
I
THE CHKONICLE.
1048
[Vol.
LXXV.
Sea Island Cotton Movement.— We have received this
Alexandria Receipts and Shipments of Cotton.—
Through arrangements we made with Messrs. Davis, (Friday) evening by telegraph from tbe various ports the
Benaohi & Co., of Liverpool and Alexandria, we now details of the Sea Island cotton movement for the week.
reoeive a weekly oable of the movements of cotton at The receipts for the week ending to-night (November 7) and
Alexandria, Egypt. The following are the reoeipts and since Sept. 1, 1902, the stocks to-night, and the same items
shipments for the past week and for the corresponding for the corresponding periods of 1901, are as follows:
we8k of the previous two years.
1901.
1902.
Alexandria. JBaypt,
November
Receipts (cantars*) —
ThlB week...........
1900
1901.
1902.
5.
360.000
310 000
1,889,000
1,705,000
Since
IMS
Sept. 1.
This
week.
week.
Receipts
'
Sept.
Florida.
Sept.l.
Kxporte (bales)—
53,000
44,000
31,000 142,000 23,000 136,000 26,000
Total Europe
*
57,000 12,000
79,000 14,000
97,000
85.000 10,000
57,000 13,000
18,000
13,000
A oantar Is 98 pounds.
1901.
4.096
751
3,343
460
19,791
3.257
2,232
5,307
25.280
4,118
&o
Total
13,306
1,696
7,439
1,013
7.S01
1,362
579
226
210
15.^811 8,678
9 373
408
367
week ending this evening reach a total
of 3.76S balee, of which 3,395 bales were to Great Britain, 217
to France and 156 to Bremen, and the amount forwarded to
Northern mills has been 2,204 bales. Below are the exports
for the week and since Sept. 1 in 1903 and 1901.
t Of which to America in 1902, 10,416 bales; In 1901, 14,350 bales;
in 1900, 9,522 bales.
shows that the receipts for the week
were 360,000 oantars and the shipments to
This statement
ending Nov. 5
Slock.
Since
This
This
Since
week. Sept. 1. week. Sept. 1. 1902.
..
The exports
To Liverpool.... ....
7.
Since
This
week.
1.
Nov.
Savannah
250,000
1,260,000
Sinee
to
Europe 31,000 bales.
Manchester Market.— Our report received by
to-night from Manchester states that the market is
for the
Week Ending Nov.
7.
Since Sept. 1, 1902. North'n Mills.
Exports
from—
Great
Fr'nce
Bril'n.
die.
Great Fr'nce
Total. Bril'n.
Total.
&C.
Since
Week. Sept.l.
all
cable
quiet
We
comparison.
SM
lbs.
32» Oop. ings,
Twist.
d.
Oct 3 73 lfl «81l8
5
5
2>*97
a.
5
d.
a.
4-84 7
i»8
5
4-78 7k «8i« 5
4-72 75 ie «83 18 5
9
9
468 7i« -98
5
4-64 7
9
«7?8 5
7i| 4-52 6\ f»7k 5
2»a»7
5
d.
d.
2*flt»7
Shirt- Oott'n
common Mid
Vplds
to finest.
9
9
2>«t>7
5
Twist.
Uplds
d.
2ifl&7
10
" 17
" 24
" 31
Nov. 7
73 16 »81i8
73 16 f»8iia
73 16 «»8i 18
73 ia ®8ii a
8H
lbs.
32* Oop. ings,
common Mid.
to finest.
s.
d.
d.
d.
3
4
d.
a.
©8
«8
l«a
431
3
3»*©8
4%
3
4^*8
3
d.
4 29 sa
M
2
98 Ik *7 ia
97
1»«98
4 5 18
Domestic Exports op Cotton Manufactures.— We give
below a statement showing the exports of domestic cotton
manufactures for September and for the nine months ended
September 30, 1902, and for purposes of comparison like figures
7l 1(i «8
5
2
for the corresponding periods of the previous year are also
presented.
Quantities of Manufactures of Month ending Sept. 80 9 mos. endlnglSept. 30.
Cotton (colored and uncolored)
Exported to—
United Kingdom
France
1901.
1902.
yards.
1902.
1901.
7?8.6li
1.004,4.02
4.aU9,30f
6.680
187,48
17,68f
24f,00t
wai.su
538,73:-
1.854.7K
684,-7,
357,67
283,761
3,213,10
771,94*-
113,72e
2,027,046
8,961,991
13,hK5,23f
2.5M1.740
2.777,062
18.9
916,57.
7.0t>,Wl4
6,449,l^t
*02.«2f
19,2^0,8(11
24.78;-
Germany
Other Europe
British North America
Cent'l America & Brit. Honduras.
Mexico
Cuba
2b6,0tt6
3V6,ttt)
Other West Indies and Bermuda.
Argentina
l,878.f0f
40,91*
Brazil
Chili
810.81M'
102.381'
«.660,OS<<
Colombia
Venezuela
Other South America
Chinese Kmpire
464. f5
3ti3,183
23.769, 3*
British Basi Indies
785 64*
Japan
14,73
14,591
817.377
Hong Kong
British Australasia
Philippine Islands
207.184
2.478,9*0
861,88'
51,776
Other Asia and Oceanlca
British Africa
Allother Africa
Other countries
8m,;
73
628.811
M99
6,891,437
10,505
638, e22
9^s
6.857,67)
4,564.627
28,432, t'. 3 87-.661.5l liw,63i!.068
l,t-26,84i
10,42i,67V5,482,8,4
29,15.
463.9" 1
178,606
S21,2«r
43K.W.1K
6< 5,820
5.60&,*9l'
17l.8Bi
2.916,281
V86.4:8
4,00*,75o
557,4) 5
3.611.5*4 16,194,777
27,180,77 3
4,667,119
6H5.95
2.006.719
516,387
)9,15(
8,484,9*7
16,934
29.651
2r0,53t-
655,00s
89,236,96^
44.527.w26 119,103,371
$2,03/,»it-
$2,260,^87 $21,312,420 $16,050,607
$-0609
$-050h
$•0631
$•0511'
Values of other Manufactures
Cotton Exported to—
United Kingdom
Belgium
France
•83
500r*9
of
166.801
5.61t
$56.90
$609,479
8.801*
57,11*
26,S»i
50,341
27,2m
532,157.
1,391
Germany
N ether' ands
Other Europe
British North America
90k
1.0 !
8,8»:i
6.19)
157,46:
19,341
r
45.47
2,51)4
11.29S
4
0,r<14
$750,864
64.414
28.004
480,283
24,326
70,339
186.231
62.5H7
1,682.901
232,41
32.81)1-
3<:\lli
380.468
340,05«
H5,i5e
1111.186
122,l3i
16,30(<
13.89V
11,815
81.87*
Brazil
Chili
7/4:
2,97!
14
896
69,8*1
21,500
Colombia
Venezuela
Other Si ai
America
Chinese Empire
3,894
1.445
69,061-
115,932
6-.471
26,5-2
12.400
39.092
14,975
40,106
108.721
6,165
13,056
233,692
kS 53S
America Jt Brit. Honduras.
Mexico
Cuba
Other West Indies and Bermuda..
Cent'l
,
11.8*f-
16,118
Argentina
.
10-
.
1,
l<
1,5(14
87.64!-
46i
British East indies
1,741
59,
ti
376
37,1'0:-
4.26:
6,77 r-
Philippine Islands
Other Asia and Oceanica
British Africa
All other Africa
21.786
5..^ 61'
8,3 If
14,00.'
Hong Kong
British A ust ralasla.
1,6 '0
l.OSv
9.742
53:
Tot. value of oth. manufact's of.
val. of all cotton goods
If.;-,
68(
Other countries
185
1175,624
$2,613 442
&c—
$4 95,117
1,5 18.988
l*-6,tl77
15,026
30.5MO
4-.207
B.tfttl-
12,87«i
363,42r
71,i 67
68,548
99,"24
23.827
7,76,
*4.8>!6.75.
<
7
4,-07
66,246
15.8Hh
6,«29
$4,641,041
$2." SI 354 $«6.16-<.17H $19.69*.60S
Jute Butts, Bagging,
There has been only a moderate
business in jute bagging daring the week nnder review, bat
prices have been maintained. The close this evening is at
6c. for \% lbs. and 6%c. for 2 lbs., standard grades.
Car
load lots of standard brands are quoted at 6J^@6V£c, f. o. b.,
according to quality. Jute batts dall at 1^®1%«. for paper
quality and 2@2}^c. for bagging quality.
"217
1,618
6.902
921
126
460
2,342
10377 2,204
9,896
652
1,369
"350
3,395
373
3,768
8,573
1,80*
369
315
684
1.792
789
foreign ports goes via
2,581
1,741
4,102
New
Sea Island cotton shipped to
York, and some small amounts via
Boston and Baltimore.
Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head " Shipping News," on a subsequent page.
Quotations Nov. 7 at Savannah. For Georgias extra fine,
15J^c; choice, 16}£c; fancy, l8J4@19c.
Coarleston for Caro inas.— Fiue to fully fine, 23}£c; fully
to extra tine, 25c.
—
Census Bureau's Report on Cotton Ginning.—The Division of Manufacturers in the Census Bureau completed and
issued on Nov. 5 the first of its series of reports on cottonginning as follows:
Son. William It. Merriam, Director of the Census:
Sir— I have the honor to make the following report by States and
Territories of the quantity of ootton ginned from the growth of 1902
up to and iuoluding October 18, 1902:
Ginned
Ginners' Est. % Orop
to Oct 18.
Reporting
Slates and Territories.
Ginned
Bales.
Arkansas
7,774,3-7
18.881.v8l
8,3 9.281
3,' 82,9 13
"317 ijiVi
7.734
A considerable portion of the
8,01,686
1,8*6,0114
3,«8fi.5»M
1,53'
924
"850
Alabama
8,65*.9F4
17,l2i,«4n
217
6,147
Balt.,&c...
9,6^5,3*3
Total values of above.
Value per yard
Ageregate
"ioo
2,527
9iA
&o
York.
Boston ....
l,654,"'l
6,Hrt7
Total yards of above...
i
Florida,
Total 1901.
1901.
Shirt- Oott'n
156
921
Total.
1902.
'•
2,371
Manufacturers are gen- New
and steady for shirtings,
give the prices for to-day btlow
erally complaining.
and leave those for previous weeks of this and last year f oi
for yarns
Savannah...
Charl't'n.&c
Florida
Georgia
Indian Territory
Kentuohy
Louisiana
Mississippi
Mlstourt
North Carolina
Oklahania
South Carolina
Tennessee
Texas
Virginia
585,783
360.800
29,779
906,949
201,019
284
369,408
659,126
14,963
303.029
84.699
€01,431
121,180
1,781,797
5,625
Number,
3,854
2,405
284
4,891
427
3
2,098
4,083
57
2,560
210
lo Oct. 18.
650
452
577
718
52-3
40-0
432
44 7
49
003
400
3,082
72-8
732
502
704
490
4,509
99
5,925,872
29,314
601
United States
[Applying the percentage, 601, to the amount ginned would give an
bales.]
indicated crop of 9,860,Oi
The above statistics of the quantity of ootton srtnned were colleoted
through a personal Individual ginnery canvasn of the ootton States by
626 paid local speolal agents of the Census OIHce. The estimate of the
percentage of the total crop ginoed to and including Ootober 18 is
based on the estimates of thtse local agents, who were instructed to
oontlne their estimates to the territories canvassed by them and to the
knowledge gained therefrom. The ottioe assumes no responsibility
for the accuracy of these estimates. This report will be followed by a
second, showing the cotton ginned up to and inomdlng Deoember 13,
and a third and final report, to be made in the early spring which will
cover the total crop of the season. The final rt port will distribute the
orop by counties, segregate the upland and sea Island cottons, show
number of round and square packages, and give weights of same.
Very respsotfuliy.
8. N. D. NORTH.
Chief Statistician for Manufactures.
MERRIAM.
Augusta Cotton Exchange Crop Estimate.- Our Au-
Approved
:
W. B.
gusta (Ga.) correspondent telegraphs us to-day that the
average estimate of the 19 '2-03 crop of oottoo/asuiade by the
members of the Augusta Exchange, is 11,093,923 bales.
Egyptian Crop.— Under date of Alexandria, Oct. 10, Mr.
Andres has the following:
Reports from the iuterior for the month of September cou-
Fr. Jac.
firm our fears that the northern districts have suffered considerably. The following are the reports received from the
interior for the month of September:
Qualfonbith.— The temperature has been favorable, and neither
worms nor fogs have been prouounoed. No da'unga is reported, I'lokThe orop will be a small
lng commenced one week before last season
percentage better than last year. The outlook is fairly good, n.ikalieh.— The temperature In September was vory irregular. No worms,
but considerable fogs were reported. Ploklug commenced on the
25th, the same time as last year. The first pioklng Is inferior to last
season, as the top orop has been damaged by fogs. The orop is un -
November
THE CHRONICLE.
S, 1902.]
dmbtedlv Inferior to that of last season, but It Is yet diffloult to estimate. Theoutlo>k ii notat all s.itlsfaot>ry. Oharkieh.— flu temperature was favorable but fogs oaused sotne damage. No worms were
reported. The tlrst plowing oommanoed twelve days before lasc year,
and U superior In cpiillty. The yield Is 2 per cant better than the previous season. Croi» will be about same a3 last one. Daira districts.—
The temperature w*s very favorable and no worms were seen. Tnere
has been considerable damage by fogs, which o*q be estimated at 2
percent. Tae plotting commence i a fewd*ys later than last season.
The first ploktnu is inferior t> the last, and it is estimated that the
orop will be 15 to 2o per cent inferior to last year. The general outlook Is very unsatisfactory. Upper Egypt.—The temperature has been
high and favorable for the ripening of the orop. The first picking is
nearly finished, and in general a few days earlier than last year.
First pioking Is more than last year, but the second will be small. In
Outlook In
all the orop will be 20 per oent more than last season.
general is good
Shipping .news,
— As
shown on
—
Liverpool. By cable from Liverpool we have the following statement of the week's cables, stocks, &c, at that port,
Oct.
baloa.
tales of the week
Of which exporters took...
Of which speculators took.
tales American..... ..........
Aotual export
forwarded
Total etock— Estimated
Of which Amerloan— Est'd,
cotal Import of the week.....
Of which Amerloan
amount afloat...
Of which American
a previous page, the
•sports of ootton from the United States the past week have
leaohed 193,9)9 oales. The shipments In detail, as made up
from mail and celegraphio returns, are as follows:
Total bale*.
Georgio. 2,183
2,183
To Manchester, per steamer Bellarden, 300 upland and 100
Sea Island
400
To Havre, per steamers La Champagne. 103 Sea Island....'
La Gasoogne, 600 upland and 114 Sea Island
817
To Barcelona, per steamers Citta diMilano, 200. ...Leon
XIII., 887
1,087
To Genoa, per steamers Citta di Milano, 900
Lombardla 251
1,151
To Naples, per steamer Labn. 20J
200
To Trieste, per steamer Pontiao, 200
200
New Orleans— To Liverpool - Oot. 31— Steamer Explorer,
4,050.. ..Nov. 1— Steamer Maplemoor, 16,600
Nov. 7—
Steamer Scholar, 3.000
28,650
To Marseilles - Oct. 31 -Steamer Algeria, 701
704
To Bremen -Nov. 3— Steamer Nordhvalen, 3,700
3,700
1049
......
17
24
Oct.
56,000
1,700
100
47,000
6,000
82,000
231,000
180,000
94.000
77,000
215,000
193,000
Nov.
Oct. 31.
50,000
1,700
1,100
42.000
9,000
88,000
245,000
189,000
89,000
74,000
255,000
222,000
41,000
1,800
7.
51,000
1,700
100
42,000
12,000
88,000
245,000
191,000
96.000
80,000
33 7,000
292,000
1,200
36.Q0C
4,000
68,000
249,000
188,000
76,000
57.000
234 OOC
253,000
The tone of the Liverpool market for spots and futures
each day of the week ending Nov. 7 and the daily closing
prioesof spot ootton, have been as follows.
New York— To Liverpool, per steamer
To C >penhagen -Nov. 3-Steamer Fernfleld, 900
To Barcelona— Oot. 31— Steamer Jose Gallart, 5,280
To Genoa Oot. 31— 8teamer Algeria, 3,314
Nov.
16177
To Havre Oct. 31— Steamer Selma, 6,291
To Bremen -Oot. 31— Steamers Farnham, 5,576
3—
Mag-
dala, 7.736
Modera'.e
Easier.
4-60
4-52
4-52
5,000
8.000
8,000
10,000
8,000
8,000
500
500
500
500
500
500
"pec Aexp.
460
demand.
460
4-64
«ld. Upl'ds.
futures.
Market
Quiet at
i
opened.
I
4
P.
M.
Easier at
1 pt.
Steady.
£
tfarket,
900
16.177
6,291
2<»3 pis.
decline.
decnne.
Dull at
Very
1 pt.
steady.
decline.
S
Easy at
Steady,
unchang'd 4@S ptB.
decline.
Qnlet at
3(3.4
ptl.
decline.
2 ptB.
decline.
Steady at
Irrep. at
8@3
Steady at
2^4
pts.
pts.
decline.
decline.
Steady
unch. to
2 pts. adv.
The prioesof futures at Liverpool for eaoh day are given
below, Prioes are on the basis of Uplands, Good Ordinary
clause .unless otherwise stated.
PS** The prices are given in pence and 100th.
Thus : 467 means
4 t>7-100d.
13,312
To Hamburg— Oct. 3 1— Steamers Cerea, 3,648; Trident,
867. ...Nov. 5-8teamer Crusader. 1,599
Sabine Pass—To Liverpool— Nov. 3-8tr. Pharsalla, 6.182
To Bremen— Nov. 3— Steamer Huntcllff, 8,900
Febnandiha—To Hamburg— Nov 5 -Steamer Myrtledene, 50.
Savannah— lo Manchester— Nov. 6— Steamer Bawtry,
Market, {
Barely Moderate Moderate Moderate
demand.
p. H.^ supported demand. demand.
13:80
5,280
Steamer Manilla, 3,050
6,361
Galveston—To Liverpool— Nov. 3 -Steamer Barbadian, 7,214
Nov. 5-8teamer Polyoarp, 7,933
15,147
To Manchester— Oct. 31— Steamer Assunolon de Larrinaga,
Monday. Tuesday. Wed'day. Thursd'y Friday.
Bat'day.
Spot.
Nov.
Steamer Manningtry, 1,400
2,550
To Riga— Oot. 31-8teamer Fashoda. 300
300
100
ToMalmo-Oot. 31— 8teamer Fashoda, 100
To Bergen Nov. 7— Steamer Manningtry, 100
Bbunswiok—To Liverpool—Nov. 4 8teamer Winbfleld, 4,733.
To Manchester -Nov 4—Steamer Winkfleld. 6,067
Charleston— To Liverpool— Nov.5— Steamer Battenhall, 5,356
100
4,733
6,067
upland and 924 Sea Island
1.
Tnet,
Nov. 4
Wed. Thnr*.
Frl.
Nov. 6
Nov. 5
Nov.
7.
12% 1 12% 4 12% 4 12% 4 12% 4 12% 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
50
4,701
upland and 2,371 Sea Island
7,072
To Bremen— Oot. 31— Steamer Fashoda. 7,000 upland and
156 Sea Island
Nov. 7-8teamer Manningtry, 7,417... 15,573
To Reval-Oot. 31— Steamer Fashoda, 1,150
Nov. 7-
mon.
Nov. 3
Sag.
6,114
6,182
8,900
d.
d.
a.
d
d.
d.
d.
November.. 4 47 4 46 4 44
Nov.-oeo. .. 4 43 4 42 4 40
Deo. -Jan.... 441 4 40 4 38
Jan.-Feb.... 4 40 4 89 4 37
Feb.-Moh. .. 4 39 4 38 4 36
Men. -April.. 4 39 4 38 4 36
April-May.. 4 39 4 38 4 36
May- June.. 4 39 4 3S 4 36
4 36
d.
d.
4 46 4 43 4 43 4 44 4 42
4 41 4 39 4 39 4 40 4 38
4 40 4 37 4 38 433 4 37
4 39 4 36 4 36 4 37 43)
4 39 4 36 4 86 4 86 4 35
4 89 4 36 4 36 4 36 4 35
4 39 4 36 4 36 4 36 4 35
4 39 4 86 4 86 4 36 4 35
4 38 4 35 4 35 4 36 4 85
4 38 4 38 4 35 4 35 4 35 4 34
6,263
d.
d.
d.
4 37 4 38 4 38 4 40
4 33 4 34 4 34 4 35
4 31 4 33 131 4 34
4 31 4 32 131 4 33
431 4 32 431 132
4 31 4 32
4 31 4 32
4 31 4 32
431 4 32
431 4 32
131 4 32
4 81 4 32
431
4
32
4 31 4 32
4 30 4 32
Wilmington—To Liverpool— Nov. 3— Steamer Osborne, 14.607 14,607
Hobfolk—To Hamburg—Nov. 7— 8teamer Oalllster, 200
200
Boston -To Liverpool— Oot. 28— Steamer Armenian, 4,060
4— Steamer Cestrian, 2,964
Nov. 5— Steamer
Commonwealth, 50
Balttmobb— To Bremen -Nov. 5— Steamer Wlllehad, 241
To Hamburg-Oot. 29-8teamer Alexandria, 200
Philadelphia—To Liverpool - Oot. 31—Str. Noordland, 1,150.
Seattle To Japan— Nov. 5— Steamers Kinshiu Marn, 2,250;
Nov.
7,074
241
5,300
3,o73
3,578
Total.
193,909
..
The particulars of cue foregoing shipments for the week
arranged in >nr usual form, are as follows.
dreat French Qer- ^-Oth.B'ropc—* Mex ICO,
Brit'n. ports, many. North- South. Ac Japan Total
New York.
2,583
N. Orleans 23.650
Galveston. 31 324
Sab. Pass.. 6,U>2
817
2,638
704 3,700
6,291 19,426
a,900
6,038
40.598
57,041
15,032
9U0 11.644
Fernana'a.
50
savannah. 7,072
Brunswick 10,800
15,573
Charleston 6,260
Wilmlngt'B 14,S07
Norfolk
Boston....
7,074
Baltimore
200
Phil'delD'a
Seattle
3,050
25,695
10,800
6,260
14,607
200
7,0-4
"iVi
441
1,150
l,lf>0
5,30}
3.573
Taooma
Total.... 110,702
7.312 48,290
3,950 14,282
Exports to Japan since Sept.
the Pacific Coast.
Ootton freights at
as follows.
New York
Batur.
Liverpool
Mon.
12
12
.c
1
5,300
3,573
8 873 193,909
have been 81,805 bales from
the past
12
12
lues.
week have
Wednes. Tkurs.
12
12
12
14
b8et
Fri.
12
14
15
Manchester
e.
Havre
Bremen
c.
17ia
17%
17%
17is
17%
Hamburg
e.
15
15
Ghent
Antwerp
c.
e.
21
15
26
30
30
20
27
15
21
15
SI
15
26
30
30
15
21
15
26
12%-15 12%-15
c.
Reval, indirect, c.
Reval, via Canal. c.
Barcel'na.ind'r'c.c.
Genoa
c.
Trieste
c.
Japan
15
26
SO
30
18920
27
37^-40 37%-40
Quotations are cents per 100 lbs.
(via 8nez).e
I
12%-15 12%-15
o
S
%
21
15
26
30
30
Friday, Nov.
1,150
Riojun Maru, 3,050
Taooma—To Japan— Nov. 3— Steamer Tremont,
BREADSTUFFS.
200
30
30
NEWTOBK.
18320 18®20 18®20
27
27
37ifl-40
45
27
45
7, 1902.
Business in the market for wheat flour has dragged, with
buyers and sellers apart in their ideas of values, Prices for
the grain have shown a reactionary tendency, and this has
had the result of making buyers more confident, in the belief
that they will be able to purohase supplies of flour on a lower
basis; consequently in making bids for important lines they
have been earning lower figures, and with mills holding for
unchanged prices trading has been held in check. Rye flour
has continued to meet with a fair demand and at steady
prices. Buckwheat flsur has been quiet, and the tendency of
prices has been slightly in favor of buyers. Corn meal has
been in moderate demand and steady.
Speculation in wheat for future delivery has been fairly
active, but at lower prices. The weakness was most pronounced early in the week and was largely the result of
bearish statistical developments, The United States visible
supply, reflecting the large movement of the crop for the
previous week, showed a substantial gain, and this, ooupled
with an increase in the supply of wheat afloat for Europe
prompted selling for the account of speculative holders to li quidate their accounts. The surplus quantities of wheat that Russia and Canada have to market also appeared to receive more
general attention, and this, too,had a bearish influence. Reports
of large purchases for export to Australia had a steadying
influence, but when it was subsequently learned that the reports of these purchases for Australia were exaggerated the
market again turned easier. The movement of the crop continued large and this too operated against the market. One
authority says that the growing winter-wheat crop is in fine
condition, but that partial returns indicate a slightly less
acreage than last year. The spot market has been easier
with futures, and at the lower prices a fair export business
has been transacted. To-day the market was firmer on
stronger European advices and an active demand. The spot
markets were firmer, a large business being reported transacted with exporters, sales for the day here and at outports
amounting to about 1,000,000 bushels.
OATLT CLOSING PUIOE8 OP MO. 2 BBD WINTER WHEAT TH
Bat.
lash wheat f o. b
Deo. delivery in elev
March aeU very in elev
May delivery in elev
i
.
Mon.
77 \
76%
Tuts.
Wed.
76%
78%
78
noli.
78
day-
78%
793s
7738
79%
77%
Thurs.
7638
77%
77 7s
78=8
....
77%
Fri.
....
78
:
THE CHRONICLE.
1050
DAIJ.T 0I-O8IKO PKIOBS Ol" KO. 8 SPRING WHEAT IN
Tue$.
Wed.
Mon.
Sat.
71i«
Holl71 >*
Dec. delivery in elev
72
day.
73>*
73*4
73%
May delivery In elev
CHICAGO.
Thurs.
71H
Fri
71 s8
73%
73>*
Indian oorn futures have been fairly active and earlier in the
there was an easier market. Weather oonditions in the
corn belt continued favorable for the curing of the crop, and
this, coupled with increasing receipts, prompted fairly general selling, resulting in a drop in prices. Subsequently,
however, there was a recovery. On Wednesday wet weather
was reported in the principal corn States, and this information started buying by shorts to cover contracts. The selling was only scattered, and part of the decline in values was
recovered. The "Cinoinnati Price Current," in its weekly
review of the crop situation, said that there was do material
change in the corn condition, with a good deal of soft and
chaffy corn reported. The sp3t market was quiet and
easier. To-day the market was firmer on a better export demand and following the advance in wheat. The spot market
was more active; sales were made to exporters here and at
outports of about 850,000 bushels.
STORK.
DAILY OtOSIH© PKIOBS OF HO. 2 BOXED OOHN IH
*Vt.
sat.
Mon.
Wed. Th.Hr*.
Twei.
66
66
66
65%
67
Cash corn t. o.
week
NEW
ts
May
55
55*3
51 1*
47 1*
Dee. delivery in elev
Jan. delivery In elev.
delivery in elev
50*«
55i4
Hollday.
46%
DAXtY CLOSER!} PKI0B8 OP HO 3 MIXED CORM
Mon.
I"ue*.
Sat.
SO^ ttaU
Dec. delivery in elev
50 1*
May delivery to elev, .... 42
41 ^
S?i
a »y7
55H
55»4
50%
46%
47%
46'e
IN CHICAGO.
fh.urt,
Vri.
Wed.
51%
50%
42
42
51
*2 ^
4113
41%
41%
40 8
July delivery In elev
41^
Oats for future delivery have been quiet. Early in the
week there was a fractional decline in prices, in sympathy
with the decline in corn and under a continued fall movement of the crop. Daring the remainder of the week tbe
market ruled quiet but steady. Locally the spot market has
been moderately active, at steady prices. To-day the market was more active and firmer.
YORK..
DAILY OLOSIMO PBIOB8 OP OATS IH
Fri
Tuet.
Wed. Tkurs.
Mon.
Sat.
84ifl
34
34
3414
Holl34
Ho. X msxeft in elev
.
36>«
37
day.
Ho. 2 white in elev
36
38
36»s
DADVr C> CASING PKIOBS OF MO 2 MIXED OATS DS CHICAGO.
Wed. Ikurt. Fri.
Sat
Txtet.
Mon.
29%
29 fl
29
29>4
Nov. delivery in elev
29%
29%
30
29% Holiday. 29%
Deo. delivery in elev
29%
31%
30%
31
May delivery in elev.... 81%
SO's
NEW
;
60
2 75
2 75
2 90
3 10
3 45
3 90
Fine...-. .... ......92
Superfine
„..
JBxtra, No. 3
Extra, He I . .....
01ears......,w..^
(Straights... ,-.r ..
Patent, spnii?; ...
(Wheat
flooi?
65
80
85
20
35
80
65
Patent, winter.. ..$3
City mills, patent. 4
Ryeflonr.superflne 3
Buckwheat flour.. 2
65 «3 90
30 4>4 60
10 «3 60
20 «2 25
Corn mealWestern, etc
Brandywlne
Brandy wine
....
»S 35
®3 40
84%
Oats— Mix'd, p. bush. 33%»35i<a
86 ©42
White.
34 ©35%
No. 2 mixed
HTFtr
*«
JUlUKsaM
216
952
20
124
714
516
1,792
1,028
101,692
19,314
22,303
10,595
20,698
1,880
8,468
44,847
12,186
3,980
244,803
•*!»« mmmmtD* b*<*
1,150
Africa........ .... .... .... ....
West Indies......
south America...
Total
—
....
.
week. 8inee Jan,
25
33
301
89
44
853
516
.
3,951
1,362
85,306
5,492
87,599
8.856
20,004
1,739
5,657
46,010
9,081
6^148
I
225,087
4,166
100
1
The value of these New Fork exports since Jan. 1 to date
has been $11,303,845 in 1903, against $9,910,555 in 1901.
There has been no more disposition than of late on the part
of buyers for export to place orders for heavy-weight brown
sheetings and drills, while the home demand has continued
on a moderate scale only. Leading brands are well sold and
firm, but on some outside makes buyers have had slight concessions made to them. The j obbing demand for bleached
muslins and bleached cambrics continues quiet, with prices
firm. The manufacturing trades are moderate buyers. Wide
sheetings are in quiet request only. Tne volume of business
in cotton flannels and blankets is restricted by the absence of
ready supplies, all grades being scarce. The demand for
denims, plaids, ticks and other coarse, colored cottons has
been of average extent. The stocks on hand are limited and
prices are firm. Ducks and brown osnaburgs are quiet and
unchanged. Staple prints are in moderate request for quick
delivery, with fair orders for next spring. Fancy calicoes in
new light work also are being fairly ordered for next season,
but little business is reported in darfe fancies for immediate
use.
Fine printed fabrics are quiet. Napped fabrics, both
printed and woven patterns, are very scarce and very firm in
prices. Ginghams also are firm, with scarcity of ready supplies, the chief feature of the situation. Regular print cloths
have sold moderately at 3c. Wide goods are dull and occasionally l-16c. per yard lower on the week.
Western mixed
No. 2 mixed
No. 2yeUow
No. 2whlte.
Rye, per bush-
of
in the foreign division of the market. Dress goods,
silks and ribbons are all firm, with a fair demand.
Linens
are quiet but well held. Burlaps are steady, with an im-
moment
proved demand.
year are as follows:
e.
e.
to. b.67i«
f.o. b.67««
P. M., Nov. 7, 1902.
the holiday on Tuesday,
Election Day, and general business has failed to show any
gain over preoeding weeks. The election results have not
played any part as a market factor. There has been no development of demand on the part of buyers in any division
of the market, and at the close there is even less disposition
than before to order staple cottons ahead. The weakness in
the market for cotton checks forward buying, although sellers as a rule withstand the downward course of raw material.
The print-cloth market is easier for some makes of wide
goods, and there are some sellers in other descriptions show
ing a willingness to accept orders for distant deliveries at
prices they decline for nearer positions. The market continues as a rule well sold up and in certain directions there is
positive scarcity of merchandise. Business in jobbing circles
has been on a moderate scale, but most reports show results
for the month of October ahead of the corresponding month
>* .-
Oj
a
°:
:
:
c
!
i
!
•
•
!
:
has been a poor attendance of
buyers in the market this week and spot business for men'swear woolens and worsteds has been small. There has not
been any improvement in other directions, and business in
the aggregate has again been on quite a moderate scale
Clothiers are busy getting their sample garments for spring
upon the road, and have not yet tested their markets fully
enough to start them in with supplementary buying of piece
goods to any extent. The market is as a rule well sold up in
various staple lines and prices are firm, with very few excep
tions. Medium-grade woolen fancies and fine worsted fancies
are firm, but there is more or less irregularity in other directions.
Low-grade goods, suoh as satinets and doeskin jeans,
are dull. There is no change in overcoatings or cloakings.
Woolen and worsted dress goods are steady with a fair de
mand. Flannels and blankets are firm.
!
si
Si!
S
:
!
©
a
ml
.
li
!
:
'
O
•
'
I
1
if III
•
h»
!
:
s
hi
Mi
°
!
I
\
•
•.
<->
i* to
m
ta
The week has been broken by
last year.
s
to
to
n,ct
THE DRY GOODS TRADE.
Yobk. Friday,
H
&
B
St
„53 «56
51 ©55
48 ©63
41 ©44
d
Woolen Goods,—There
26
28
9
225
Arabia.. ...
t»
Nbw
1901.
3.
i.o. b.66
Corn, per bosh.—
86%©38
NOV.
Week. Since Jan.l.
Western
State and Jersey
Barley— West
.„
Feeding
other tables usaallr given here see »aee 1013.
No. 2 white
1902.
»BW YORK TO
64*4»66
OK&IB
o.
o.
f. o. b.
f. o. b.80%
1. o. b.76%
f. o. b.80%
Domestic Cotton Goods,—The exports of cotton goods
from this port for the week ending Nov. 3 were 3,980
packages, valued at $211,176, their destination being to the
points specified in the tables below
Importations and Warehouse Withdrawal* ol Dry Goods
The importations and warehouse withdrawals of dry goods
at this port for the week ending Nov. 6, 1902, and sinoe
January 1, 1902, and for the corresponding periods of last
8 25
3 35
uj sacks eellB at prices below those for barrels.)
Wheat, per bust),.—
Hard Dul., Nj. 1..
N'thern Dul., No.l
Red winter No. i
Hard No. 2
LXXV.
Foreign Dry Goods.—There has not been any change
Following are the closing quotations:
TLOUB
«2
»2
«2
©3
©3
©3
©4
[Vol.
8
H
a
p? «
too
-CO
to
5,929
t-'O
to
-Kl-J
COOJ
M
to
00
-J
1*
"-a to
10,241
lb.**
Co®
to
C5
CO
CH>-"
oo*
•
to
uco
^itO
-J
82,784
b
to
CO
100,314 169,813
84,663 54,116
JO
tOCCOOTXI
yi *»cooood
o
it.
o
f
159,301
93,666
41,830 39,035 83,400
to
OKI*
195,259
455,497 236,881
184,070
18.529 13,335
11,302
00
9,645
-J
CD
18,268 12,641
la
8,068
p—
11.53H
eo>-»
"co'to
to*
2
p
o
coco
CO©
1
to ~l
00*-
Oil
KJOOOOO
C?>
to
p 0<<lpM
to «1
—
b 0H
O5
OCBkOifO
•"*"»
7,468 2,615
bib-too' w
COW
too
CO 06 05
<l oo^l
b>*kcoba<
on
it.
to to co
toa>tooot
j
CD 00
"to
O
Oi CO
M
If. to
i* to ox on
li OH OP too
7,468 3,733
«
to
to
b
>-
M
to
1,626,246
1,626,246
165,436 147,614
501,721
70,098
42,709 75,864
u
134,706
392,072
45,765 64,236 74.424
72,941
ao
^1
00
0-tC
o
OD ^* m. CO -J
oh towfcoca
oo*ooo"ok»
!-•
OD
00
-J
to
CO
MtO^OMW
o<i
poo
-»
M
>-«o
b
"o©
oo
ooo
350,335
411,048 403,870
308,852
19,990 10,066
13,318
6.814
21,025 10,816
14,692
03
7,002
H
QD
CC
oca
«05
MtOCOOitO
H"VtO0D*X
to to
CD i- K3
c
00
ao-J
<fw
ao to
OOO'VOMOS
to *t M K> CO
^0"MWW
CH-1
to to CO 0> CO
— Vobtobb
ODCt-^l^IO
oo» paow_»p
05 tO
to
-a eo
i
fv>
ODCO
I
bt'eoo'bH'
toii-qcD to
OCOifUDOO
I
:
NOVEMBER
St/vte
THE CHRONICLE.
1902.]
8,
m®
.
dsp abtwsnt.
Oity
She Chronulu
PUBLISHED WEEKLY.
Terms of Subscription— Payable in Advance
all Supplements
For Six Months
European Subscription (including postage)
European Subscription Six Months (including postage)
is
$10 00
6 00
13 00
7 50
furnished without extra charge to
every annual subscriber of the Commercial and Financial Chronicle.
The State and City Supplement is also furnished without extra
charge to every subscriber of the Chronicle.
The Street Railway Supplement is likewise furnished without
txlra charge to every subscriber of the Chronicle.
The Bank and Quotation Supplement, issued monthly, la also furnished without extra charge to every subscriber of the Chronicle.
Terms
of Advertising—(Per Inch Space).
Three Months (13 times) ... $29 00
Six Months
(26 times) ... 50 00
$22 00 Twelve Mon hs (52 times) ... 87 00
Transient matter (each time) $4 20
STANDING BUSINESS CARDS.
Two Months
(8 times)
WILLIAM
B.
DANA COMPANY, ^Publishers,
Pine Street, corner of Pearl
Post Office Box 958.
Rate.
Location.
Page.
6
995.. Columbia, Wash
811. .Columbia Tp, (Mich.)
Diet. No. 6
5
Sch.
4
934.. Columbus, Ohio
934. .Colusa (Cal.) Scb.Dis. 5
3 1*
934. .Concord, Mass
4 1*
995.. Coshocton, Ohio
Ind.
995..Crawrordsvllle,
(2 Issues)
For One Year, lnoludlng
The Investors' Supplement
1051
Street,
new yokk.
871. .Crete, Neb. (2 issues).
811. .Darke Co., O. (2 is.)..
751.. Dedham, Mass
871.. Dickson, Tenn.
812. .Drayton, N. Dak
P35..Easthampton, Mass..
871. -East Orange, N. J
The aggregate of municipal bonds put out durirg
the month of October fell some millioBs below tht
average for that month for the previous ten jeaxs. lr
fact in October of only two years in the past decace
have smaller totals been recorded. AocordiDg to out
records $5,488,424 bonds were put out during October
1902, as compared with $9,779,197, the total for Octo
ber 1901, and $16,421,185, that for 1900. In September 1902 the sales were $9,179,654, and the average
for October of the last tea years £is $9,097,084.
The
durlDg the month, while somewhat
various issues sold
numerous, were mainly for comparatively small
amounts, and the municipal market presents at this
time few if any features.
The number of municipalities emitting bonds and
the number of separate issues made during October 1902 were 168 and 200, respectively. This contrasts with 158 and 197 for September 1902 and with
144 and 172 for October 1901.
In the following table we give the prices which were
paid for October loans to the amount of $4,973,724,
issued by 143 municipalities. The aggregate of sales
for which no price has been reported is $514,700, and
the total bond sales for the month $5,488,424. In
the case of each loan reference is made to the page of
the
Chronicle where a full account of
sale is given.
October Bond Sales.
Page.
Location.
Sate.
811. .Ada Co. (Idaho) Soh.
Dlst. No. 39
6
871.. Albany Co., Wyo
995.. Allegheny (Fa.) Sch.
Diet
933..Ardmore, I. T
871..AshlandCo.,Ohio
995. .Auglaize Co., Ohio....
1052.. Ballston Spa, N. Y....
995.. Baltimore, Md
1052. .Belle Vernon, Pa
1052..BlairsvUle,
Pa
934..Bloomlngton, IU
871..Breckenndge (Minn.)
Beh. Dist. No. 1
o.,
4
Maturity.
1907
11912-1922
3>s
1915-1927
5
5
5
1922
1903-1905
1904-1913
1907
3i«
3ht
5
4
4
1922
1910-1930
tl912-1922
tl912-1922
1917
4>4
811..Bremond (Texas) Soh.
D D st
A
I-V^
,2ii" Brld8e P 0rt > Ohl0
rl g et0
•M^?- £ £
5'S- J
ot,
i
iSU--S ach /. -3T-;
L Co
I
J
25?--£
.?
871.. Camden. ;i
N.J
I!r
-;
934. Canfleld, Ohio
995. Canton. O. (2 Issues)..
.
SIl-S"? 7,111 '/
995..Ca6tana, Iowa
2Z
4
*
,
U
SH -•E uf ttlo N
£ 0, E-S
l
41fl
1 --££ ampal
£P l111
934.. Chester, W.Va
934.. Cincinnati, Ohio
934.. Cl ay Co., Ind
995. .Clear Creek (Cal.)Sch.
Diet
995..CleElum. Wash
995.. Cleveland, Ohio
Slfl
3 **
*
4
6
5
8
5
5
5
3**
6
1912-1922
1908-1907
11912-1927
1
1922
1903-1922
1932
19031906
1903-1907
H907-1922
11907-1912
11912-1936
1927
1803-1913
Price.
$1,500 103
15,000 100
125,000 101-41
175,000 103C06
5,000 103-30
10,000 10558
5,000 100
100,00011100
10,000 107
7 .0OoH°,2
27.C00 102-69
10.000
5,000
9,000
40,000
121,410
75,000
4 &.°oo
70,000
2.000
13,000
1.700
3,000
16,000
20,000
200,000
22,000
100
4
6
Texas. 4
f 35.. Georgetown, 8. C
8 2.. Gibbon, Minn
872. .Greene Co., Ind.
issues)
4*2
935..HobokeD,N.
812..HuntingtOD
812. .Idaho Falls, Idaho....
812. .Idaho Falls (Idaho)
Sob. Dlst. No. 1
996. .lion, N. Y
9;i5..IowaCity, Iowa
812..Ironton. Ohio
1053.. Jefferson Co.. Ohio....
1053. .Jefferson Co., Texas..
1053. .Kenton, Ohio
872. .King Co. (Wash.) Sch.
Dist. No. 68
872.. Larimer (Colo.) Soh.
Dist. No. 5
936.. Lawrence Co., Ind....
996. .Lehigh, Ind. Ter
996.. Lexington. Mass
936..Lugonla (Cal.) School
6
4
1912
100 000
100
101-15
101-566
100
100-56
14.300 ICO
14,000 ltO-893
6,000 11517
156,000 100
75.000 U02
5,000 100
61,390
65,000
145,000
54,000
7 02-09
102-24
100-69
11912-1922
1903-1911
20,000
4,500
14,000
3H
6
10377
100
100
100
4
1903-1918
1904-1911
1 1 907-1942
1903-1907
12,000
7,200
11,000
5
1906-1908
2,500
11907-1917
1922
1922
35,000
28,000
10,000
10,000
1908 1922
1903-1912
15,000
20,000
106133
10809
1921-1930
20,000
10,000
100
4
5
5
4Jfl
4*2
5
4
mmmmmm
«
8.0C
100-328
103-345
100
100
100
ICO
102196
100-81
110-231
,
. .
8i4..PerthAmbov,N.
10717
(2
J....
872. .Platte, 8. Dak
937. Pontlao, Mich
937. .Portland, Ore
8 14.. Portsmouth, N.
997.. Portsmouth, Ohio....
373.. Prowers Co.. (Colo.)
Sch. Dist. No. 14....
1912
5
1903-1912
1903-1906
1903-1922
1912-1914
4>*
3*a
3
5
5
4
5
4
4
3
5
6
3 hi
3*2
4
4
4
5
5
6
1913-1914
1922
1908
19031912
1903-1909
1922
1942
1903
t 1912-1922
1907-1922
1907-1926
1922
*1911
11912-1922
U907-1917
1904-1907
11903-1912
4
1922
1S03-1911
5
11907-1917
4
11912-1922
1907-1918
Sht
40,000 101-56
9,000 103-344
16,000 100-312
100,000 100-31
3C0.000 10O
1,500 10118
3,000 108166
50,000 101-62
4,000 102-525
6,000 100-85
27,000 107-35
50,85011100
50,000 100
7,500 106-133
1,950 100
10,000 100
37,000 10150
4.C00 101-29
15,000 10067
6,500 100
10,000 101-675
50,000 104-30
50,000 102166
9,000 100
5,000
100-26
(Pa.)
Sch. Dist
998. .Beading, Ohio
Richmond, Ind
S98..Rockford, IU
1055.. Saginaw, Mich. (2 is.).
1055 Saginaw. Mich
998. .Salem, Mass
».
873.. Salisbury (Mo.) Sch.
Dist
8 14..
4
4
4
4
4
4
19061915
1907
1903-1912
1903-1904
11912-1922
15,000
1,000
9,040
3,000
Ohio
Ohio
111
6,000 102-62
6.0C0 101166
25,000 103-58
12,000 100-56
13,000 100-423
7,000 100
10,350 100-98
11912-1922
5
873.. San Antonio (N. M.)
Sch. Dist
874.. Sutherland, Iowa
874. .Tallahatchie Co., Miss
874.. Taunton, Mass
998.. Tiffin, Ohio
998. Troy, N.
998. .Troy, N. Y
998. Vinita. Ind. Ter
815.. Wakefield. Mass
815..Walden, N. Y
815. .Warren, Pa
874 Warren Twp. , Ohio. ...
815.. Warrick Co., Ind
874.. Washington C. H., O.
998.. WellsviileO. (2 issues)
10O
101-004
103-63
100-23
100-83
104-36
102-447
112-417
4*2
4
.
Y
102
10095
101648
4,000 106-50
13,500 102-222
ioo
1,500 102
9,500 J 100-526
11907-1922
4
Co.,
Co.,
10050
4>a
997.. Marlon, Ohio
936. .Maseillon, Ohio
872. .Milwaukee, Wis. (2 is.)
872. .Minnesota
997..Mogadore (Ohio) Sch.
Dlst
813. .Montpelier, Ohio
872. .Mt. Vernon, N. Y
813. Nellie (O.) Sch. Dist..
936.. Newark, Ohio
997.. Niagara Falls, N.Y..
1054. .New York City (3 1s.).
872 . . Norfolk Oo. Mass
936.. Otero Co., N. Mex
872 Palo Pinto Co. , Texas.
813..Patchogue, N. Y......
937..8andutky
937. .Sandusky
•2
•
Sch.
issues)
1055..Punxsntawney
59,000
20,000
30,000
12,000
64,000
75,000
70,000
6,237
24,000
40,000
1,200
40,000
3,000
25,000
10,000
6
872.. Manhattan, Kau
996.. Manitowoc, Wis.
997..Pelham, N. Y
872..Petotkey, Mloh
29,259 100
6,000 100
50,000 103-266
53,000 101-5366
25,000 ;ioi
3,500 100-40
88,000 101-523
45,000 104-55
1915-1918
11912-1922
5
100
1932
105-71
4
6
5
Dlst
812. .Madison, Wis
812. .Marietta (Ohio)
Dist
.
1922
10305
Y.)
<N.
Soh. Dlst. No. 4
938..8omonauk,
100
1903 1931
108-20
1932
1912
3*s
101-54
100-833
104-69
100-02
102-18
1922
10310
102041
4
J. (21s.).
935. .Hudson Co., N. J
102 91
110-369
103
102-57
1912
11922-1932
1904-1913
4%
5
Ihz
4»2
3*2
10280
1932
19031908
Priee.
10O
$5,500
(2
873. .Sequoia (Cal.) High
Soh. Dist
814. .Shelby, Ohio (2 lss.)...
8 14.. Sherman, Texas
814. .b her mar, Texas
874. .Springfield, Mass
110-916
100
19031912
1903-1922
1903-1922
1903-1912
5
872..HiDdsCo., Miss
. .
5
4
.
H
Amount.
3*s
Y
1
MUNICIPAL BOND SALES IN OO'IOBBB.
4
4
871. .Elgin. Ill
3*2
995. Erie Co., N. Y
3i«
995. .Erie Co., N.
4
8 1 2.. Everett, Mass
812. .Everett, Mass. (2 is ).. 4
995. .Everett, Mass. (2 is.). 4
5
812..Fairgrove, Mich
995.. Fall River, Mass
3ht
n, N. Mex.. 6
935..Farmlngt(
4
Fond du Lao, Wis
995.
995..Fostoria,0. (6 issues) 4
935.. Freedom (Pa.) School
4
Dlst
Pa
1982
1912-1925
1907-1933
1932
1912
1912
1932
11912-1922
1903-1924
1908-1927
1926-1931
1912-1922
5
5
3 1*
4
995. .Galveston Co.,
8,000
400,000
15,000
10,000
14,000
1912-1922
1907-1921
3^
871..Edgewood, Pa
10.-3. .Gallltzln,
19031912
t
1903-1912
tl912-1922
4
812.. Fremont, Ohio
Amount.
5
5
5
812..Easton(Pa.)Soh. Dist.
935 East Washin gton, Pa
935. .East Washington, Pa.
. .
Maturity.
11912-1922
5
4
5
5
3 1*
4
3**
3i«
5
3 1*
4
4
1903 1922
1903-1907
1922
1905-1912
U912 1922
1932
1932
1903 1909
1910-1941
1903-1922
1922
1903-1942
1904-1910
11912-1932
4
4
5
5
1905-1911
1903-1912
50,000
2,900
32,000
13,000
55,000
5.C00
8,500
35,000
20,000
9,000
160.000
30,400
12,000
60,000
7,000
20,000
15,000
40,834
2,800
8,904
104-45
100
10177
102-166
108-05
100
104-63
104-27
10366
(101*80
101 17
104-57
103-32
100-389
102-189
100-777
100
101-559
100-82
10525
100
103-24
102-50
10370
—
—
— ——
THE CHRONICLE.
1052
Location.
Page.
Rate,
874. w estbrook, Mine
5
815. .White Plains, N Y.... 4
998. White Plains (N. Y.)
Son. Dlst
4
874. W)lkes-Barre(Pa.)Soli.
Diet
4
998. Wilmington, Ohio.... 5
815. WIdsIow (in.) School
*J*
Dlst
939. Yonbers, N. Y
4
939. Yonkers, N. Y
4
998. Youngstown, Ohio
5
998. Youngstown, Ohio
5
Amount.
Maturity,
Price.
100
1924-1929
$7,000
24,000
19101934
25,000
1915-1918
40,000
3,000
104-27
For
10335
Parker*
100833
500 100704
700 100-707
Boston
—
follows
800
25,000
1.2C0
514,700
$$5,48 8 4 24
Average of dates of maturity, t Subject to call In and after the
earlier year and mature in the later year. y Not including $285,000
temporary loans reported and which do not belong in the list;
of
also does not inolude $19,000 bonds re-awarded during the month.
*
IT
Taken by sinking fund as an investment,
t
And other considerations.
City Clerk,
29 bonds as
:
Upson Street sewer bonds. Denomination, $"00. Maturity, $500
one year, $:-00 In two years. $1,000 in three years.
2,900
,
Isbell,
November
$2,0C0 5*
1b
State Street eewer bonds. Denomination. $K0. Maturity,' $200 in
one year, $300 in two years, 1300 in three years.
5% West Mar* et Stroet improvement bonds. Denomination, $500. Maturity, $\500 yearly for six years^and $l,< 0f> in sevt-n years.
b% trunk sewer bonds. Denomination, *500. Maturity, ja.bOU In one year
and also in two years and $*,' 00 in three years
6% Edgewood Avenue sewer bonds.
Denomination, $1C0. Maturity,
$400 yearly.
6)1 Chestnut Street sewer bonds.
Denominations, $100 and $500. Maturity, $1,000 in one year, $1,000 in two years, $9O0 in three years.
6jf
Date, Nov. 29, 1902.
Total bond sales for Ootober 1902
. .
100-68
will sell at public auction at 10 A. m.
11,000
Total (142 municipalities, covering 173
separate issues)
$4,978,724
Aggregate of sales for which no price has
been reported (26 municipalities, covering 27 separate issues)
Co..
LXXV,
For 4 Per Cents ( Con-t.)
Geo. M. Habn. New York
100-18
Keati, Chtcaeo.
8. A.
1C0 10
I. W. Sherrlll, Poughkeepsie..
100" 10
ICO'00
Akron, Ohio.— Bond Offering,— Chas. H.
5,000 100
23.C00 10064
5,800 103-43
19041908
,
Per Cents.
For 4 Her Cents.
Oneida Co. Sav. Bank Rome...K0-69
Jose,
1905
1912
1904-1908
3-7
Watertown Savings Bank
104-43
.
[Vol.
New York
Park Bank,
Interest! semi-annually at National
City.
Akron (Ohio) School District.— Bond Offering.—J. W.
Smith, Clerk Board of Education, will sell at public auction
at 10 a. m. Nov. 18 $40,000 4% bonds. Authority, Section 3994,
Revised Statutes of Ohio. Denomination, $1,000. Date,
Nov. 18, 1902. Interest, semi-annual. Maturity, $8,000 yearly
from 1912
to 1916, inclusive.
Ballston Spa, N. Y.—Bond Sale. - On Oat. 80 $5,000 ,%%%
gold refunding bonds were awarded to the Ballston Spa NaCnlpeper County, Va. Bond Litigation. The following is tional Bank at par.
Denomination, $500. Dite, Nov. 1,
from the Baltimore " San :"
1902.
Interest annually on Nov. 1. Maturity, Nov. 1, 1907.
Baltimore, iMd. Bonds Voted. At the election Nov. 4
Manassas, Va.. Nov. 8.—Judge C. K. Nicol, sitting In Chambers, to-day
heard the application of Green et al. for an injunction enjo'nlne the Board of the question of issuing $1,000,000 ?>%% bonds for water
purSupervisors ol Culpeper County from issuing bonds in favor of the Fredericksposes and $1,000,000 ^y % bonds for the extension of conduits
burg & Rappahannock Railroad Company.
%
The ground of the application was based en the allegation that Judge Wil- for underground wires carried by large majorities.
liam L. Jeffreys, the Juoge who ordered the election authorizing the bond
issue, was Interested in the construction company, and therefore such election
Batavia, N. Y. Bonds Defeated.— At an election held Octwas illegal.
ober 27 the question of issuing sewer bonds was defeated by
Judge Nicol, after examining a mass of testimony and hearing elaborate
argument, dismissed the application tor an injunction.
a vote of 129 for to 454 against.
The case will be immediately taken to the Supreme Court of Appeals of VirBelle Vernon, Fajette County, Pa.— Bond Sale.— On Oct. 1
ginia. The applicants were represented by Hon. John D. Jeflries of Norfolk
and T. Raleigh Green of Culpeper. The railroad company was represented by the $10,000 1% coupen bonds desonbed in the Chronicle
Barbour & Rlxey of Culpeper.
Sept. 20 were awarded to W. J. Hayes & Spne, Cleveland,
at 107.
See Chronicle June 21, 1902.
Ben Franklin Independent School District, Delta
St. Paul, Minn.— Bond Litigation.— John A. Beck has instituted proceedings against the City of St. Paul to prevent County, Texas.— Bonds Approved.— On Oct. 31 the Attorneythe issuar.ee of the $99,000 %%% armory bonds, awarded General approved $2,000 school house bonds of this district.
last May to Allen, Sand & Co., of New York City.
Big Springs School District, Howard County, Tex.
It is contended that the emission of these bonds will carry the city Bond Sale. Tne State Board of Education has purchased the
beyond its limit of indebtedness. The case was argued in $16,000 5% 15 20- year (optional) school-house bonds mentioned in the Chronicle Aug. 30.
the Supreme Court on Oct. 24.
Blairsville, Pa.— Bond Sale— On Oct. 23 $7,000 4* 10 20Scott County, Kan.— Bond Controversy Settled.— Local papers state that the Scott County bond c< ntroversy has at last year (optional) water bonds, dated Nov. 1, 1902, were awarded
been settled and the suit instituted against the county by the to various local investors at from 101 to 102.
State for tbe collection of the amount due on the bonds has
Bond Hill, N. Y.—Bond Sale.- On Nov. 1 the $2,500 5* 10been dismissed. The county has agreed to make levies and year refunding bonds, described in the Chronicle Oct 4,
were awarded to Seasongood & Mayer, Cincinnati, at 1QT286.
pay off a stipulated number of the bonds each year.
Following are the bids
Seasongood 4 Maver. Clncln. .$2,682 15 S. A. Kean, Chicago
$2,500 00
Prov. Sav. B'k 4 Tr. Co., Cln.. 2.6H4 60
—
—
—
:
I
Bond Calls and Redemptions.
Denver, Colo.— Bond Call.— Paul
calls
bonds
for
payment Jan.
1,
J. Sours, City Treasurer,
1903, at his office the following
:
Bonds Nos. 254
to 278, inclusive, of public improvement bonds, Series "A,"
of tbe city of Denver. Arapahoe County, Colo., dated Sept. 1, 1839.
Bonds Nos. 411 to 480, inclusive, of public Improvement bonds, Series "A," of
the city of Denver, Arapahoe County, Colo., dated Jan. 1, 1892.
Bonds Nos. Ill to 13», inclusive, of public improvement bonds. Series "B," of
the city ol Denver, Arapahoe County, Colo., dated July
Upon
request from
ten days before the
urer will arrange for
Co., New York City,
1,
1891.
the holders of any of the above bonds
expiration of this call, the City Treastheir payment at the Mercantile Trust
but not otherwise.
—
Multnomah County, Oregon. Warrant Call.— John M.
Lewis, County Treasurer, has called for payment county
warrants Class 86 drawn upon the general fund that were
presented and indorsed " Not paid for want of funds " from
Sept. 6, 1901, to Sept. 30, 1901, both dates inclusive.
xNew Orleans, La.— Premium Bonds Drawn.— The following premium bonds of the city of New Orleans were drawn
by lot on October 15, 1902, this being the one hundred and
eighth allotment :
Series 119, 256, 504, 585, 757, 1094,
1367,
3775,
6013,
8170,
9993.
1445, 1448, 1465,
3933, 4241, 4301,
6143, 6555, €623,
8272, 8368, 8668,
Series Nos. 6734
2222, 2289, 2452,
4678, 5140, 548',
7961, 7998, 8107,
9748, 9956 and
to 10,000 were never issued. These
bonds have been drawn for payment Jan. 15, 1903.
%Tiicom», Wash.— Bond Call. —City Treasurer Atkins has
issued a call for bonds Nos. 3 to 7, inclusive, on looal improvement district No. 15. Interest ceased October 25. Bonds
were issned two years ago for the planking of Eleventh
Street from C Street to Tacoma Avenue.
1703,
4338,
6870,
8762.
1734,
4394,
7566,
8833,
1748,
4441,
7675,
9312,
1913,
4571,
7887,
9372,
Bond Proposals and Negotiations this
week have been aa follows
Abilene, Tex.— Bond Offering.— Proposals will be received
until 12 m
Nov. 11, by F. C. Digby Roberts, Mayor, for
:
,
$20,000 52 20-4C-year (optional) school-house bonds. Date,
Sept. 23, 1902. Interest, semi-annual.
Adams, N. Y.—Bond Sate.— On Nov. 1, the $3,500 waterimprovement bonds, described in the Chronicle Oct. 25,
were awarded to the Watertown Savings Bank at par for
3'7% bonds.
Following are the bids
:
|
Bridgeton, N. J.— Bond Sale- On October 30 $40,000 4*
10 25 year (optional) park bonds were awarded to Dick Bros,
& Co., New York, at 102-80. Following are the bids
Dick Bros. 4 Co., New York. ...1C280
Farson, Leach 4 Co., New York.100 816
Thompson, Tenney 4 Crawford,
N. W. Harris & Co., New York.. 100 673
...102-77
K. 11. Rollins4 Sons, Boston.... 100 e34
New York
102-71
100-66
Jno. D. Kverltt 4 Co., N. V
J. & W. Selisman 4 Co., N. V...
Cumberland Tr. Co., Bridgeton.K 2'00
W. R. Todd 4 Co., New York. 10000
100-00
E. C Stanwood 4 Co., Boston. ..101-60
8. A. Kean. Chicago
:
.
.
Denomination, $500. Date, Nov. 1, 1902. Interest, Jan. 1
and July 1 at the office of tbe City Treasurer.
Bryan, Texas.— Bonds Approved. The Attorney-General
on Oct. 31 approved $7,500 refunding bonds of this city.
Buffalo, N. Y.—Bonds Authorized.— An issue of $5,090
Amherst street improvement bonds has been authorized.
Cache County, Utah.— Bond Sale. It is stated that refund-
—
—
ing bonds to the amount of $45,000, bearing 4£ interest,
have been sold to the State Land Board at par.
Cambridge, Mass. Bonds Authorized.— The issuance of
$5,000 S^l 20-year water, $20,000 Zy i 30-year sewer and
2
$14,000 %%% 20-year street bonds has been authorized. These
bonds, we are advised, will probably be sold to the sinking
fund of the city or else will be disposed of at private sale.
Champaign County (P. O. Urbana), Ohio.— Bond Offering.
Proposals will be received until 2 P. M., Nov. 20, by S. B.
Grove, County Auditor, for $7,104 5* ditch bonds, aa follows:
—
$1,1560
8,900
,< 44
1
Dallas dltoh
bonds— six
for $260 each.
Thnckery ditch bonds— six for $650 each.
Addison ditch bonds— six for fill each.
Date, Nov. 15, 1902. Interest, semi-annual. Maturity, one
bond of each issue every six months from May 15, 1903, to
Nov. 15, 1905, inclusive.
Chicago (111.), Lincoln Park.— Bonds Voted.— The Park
Commissioners were authorized at the election Nov. 1, by a
vote of 12,789 to 5,639. to issue $500,010 park bonds.
Chicago (III.), Soulh Park.— Bonds Voted.— By a vote of
50,816 to 14,228 the issuance of $1, 000,000 park bonds was authorized at the recent election.
Cincinnati, Ohio.— Bonds Valid.— The Court of Common
Pleas has declared valid the law under which it was proposed to issue the $180,000 Z%% library-site bonds awarded
Stpt. 9 to the Western German Bank of Cincinnati. The
suit has been carried to the higher courts and is now pending
in the Circuit Court, from whence it will be taken to the Supreme Court fcr final adjudication. See Chronicle Oct. 11.
Description of Bonds.— The $37,000 garbage-disposal bonds
recently tuthorized will be issued in denomination of $500,
dated Nov. 1, 1902. Interest semi-ancually at the American
—
—
November
THE CHRONICLE.
S, 1902.]
Exchange National Bank, New York
City. Maturity,
Nov.
1,
1932.
Bonds Authorized.—The Board of Legislation has authorized the issuance of $50,000 V-/ i East Court Street improve2
ment bonds. Denomination, $500. Date, Oct. 1, 1902. Interest semiannually at the American Exchange National
Bank, New York City. Maturity, Ojt. 1. 1^27.
Cohoe?, N. Y.-Bona Offering.— Miller Hay, City Chamberlain, will sell at public auction at 12 m. Nov. 15 $54,179 53
%%% public-improvement bonds. Date, Nov. 1, 1902. Interest semi-annually on Jan. 1 and July 1 at the Central Trust
Co., New York City. Principal will mature $26,659 87 on
Nov. 1, 1903; $10,000 Jan. 1, 1919, and $17,519 66 Jan. 1, 1920.
Authority, Chapter 227, Laws of 1898.
Collingwood, Ont.— Debenture Offering.— A. D. Knight,
Town
Treasurer, will receive proposals until
for the following securities :
November
12
19,000 4* gristmill debentures, payable in 20 annual instalments, beginning
Dec. 1. 1903.
elect ric-light debentures, payable in SO annual instalments, beginning Dec. 1, 1903.
4^« school debentures, payable in 20 annual instalments, beginning
Deo. 1, 1903.
4* debentures, payable Dec. 1, 1932. Interest June 1 and Dec. 1.
1H* local improvement debentures, payable in i:0 annual instalments,
beginning De :. 1, 1»03.
4$4% local improvement debentures, payable in 20 annual instalments,
beginning Dec. 1, 19u3.
4H* water and
10,000
5,300
S.400
3,400
1,150
—
1053
Denomination, $500. Date of sale not determined.
Gloucester, Mass. —Bond Sale.— On November 3 the $310,000 fy0, water-supply and the $40,000 Z%% water- main- extension bonds, fully described in the Chronicle Nov. 1,
were awarded to Merrill, Oldham & Co., Boston, at 101-779
for the entire amount. Following are the bids
plant bonds.
:
Merrill,
Oldham &
For
CF
Co.,
Boston.
E. H. Rollins AlSons, Boston
N.
& Co., Boston
& Co., Boston
Day & Co., Boston
W.
Harris
Estabrook
B. L.
Blodget, Merritt
&'.
Co.,
Boston
}f or
(For
F
101-779
all
1310.000
40,000
310,000
40,000
310,000
40,000
For
For
For
\ For
^ot 8K.000
i
<
J
<
..101-589
101-469
101-656
101-656
101'«39
....
101319
101443
101-31
40,000.
4 Co., Boston
101-02
For SlO.OfO..
101-67
Geo. A. Fernald & Co., Boston
40,000
\ For]
Grayson County, Texas.— Bonds Approved.— On Nov. 1 the
Attorney-General approved an issue of $1,999 bridge repair
bonds of this county.
Jefferson County (P. O. Steubenville), Ohio—Bond Sale,
- Oq Oct. 25 the $12,000 5% turnpike bonds described in the
Chronicle Oct. 11 were awarded to Thomas Johnson, of
E. C.
Stanwood
(
Steubenville, at 103-345.
Jefferson County, Tex.— Bond Safe.— This county has sold
Colwyn, Delaware County, Pa.— Bonds Voted.— By a vote to the Permanent School Fund of the county $7,200 5$ 5-40cf 126 to 96 the issuance of $7,000 highway-improvement and year (optional) court-house-repair bonds. Of these bonds,
sewer bonds was authorized at the recent election. Date of $5,400 were sold on Oct. 13 and $1,800 on Oct. 28.
Jewell Junction, Hamilton County, Iowa. Description
sale not yet determined.
Cook County, 111.— Bonds Voted.— At the general election of Bonds.—The $7,000 10- 20- year (optional) water- works
November 4 the question of issuing $850,000 bonds for the bonds, recently authorized by this town, will be dated Nov.
remodeling of the insane asylum and infirmary at Dunning, 1, 1902. Interest at the rate of i%% will be payable semi$125,000 bonds for the erection of several new wards at the annually at the Iowa National Bank, Davenport. H C. Smith
county hospital and $25,000 bonds for a new elevator system is Mayor and Will S. Hoon, Clerk.
Kenton, Ohio.— Bond Sale— On Oct. 28 the$ll,00rt 1% sewer
in the county building carried by a vote of 138,916 to 89,958.
Interest will be at the rate of %%$, payable semi-annually. bonds described in the Chronicle Oct. 11 were awarded to
the First National Bank of Kenton at par.
Date, Jan. 1, 1908. Maturity, $25,000 yearly.
Lancaster, Texas.— Bonds Approved. The Attorney-GenCrari lord County, Iowa.— Bonds Voted.— This county has
voted to issue $75,000 i.% 5-10-year (optional) court-houee eral has approved an issue of $10,000 water- works bonds of
—
this city.
bonds.
Cuero, Texas.— Bonds Invalid.
to vote
on
—The
election held Aug. 5
the issuance of $10,000 city-hall bonds has been
declared illegal by the Attorney-General," and the bonds
therefore are invalid.
Defiance, Ohio.— Bond Offering.— Pronosals will be received until 12 m., Nov. 24, by W. H. McCiintock, City Clerk,
for $10,500 1% refunding bonds. Denomination, $500.
Date,
Sept. 1, 1902. Interest, semi-annual. Maturity, bond No. 1
on March 1, 1922; bond No. 2 on Sept. 1, 1922, "and two of
said bonds on each of said days in each and every year thereafter until all have matured." Draft on a local bank icr
$500, payable to the City Treasurer, required.
Delhi, Ohio.—Bond Sale.— On Nov. 1 the fouriissues of 5%
street bonds, aggregating $5,091 56, were awarded to W. R.
Todd & Co., Cincinnati, at 100-98. Following are the bids
:
Tremium.
W. H,Todd'&Co.,iClnclnnatl....
PrtmAwm.
I
$60 00 W.J.HayeaA Sons.ICleve
$26 00
Dnlnth, Minn.—Bond Offering.— Proposals will be received
until 7:30 p. M,, Nov. 24, by the Common Council, for $140,000 i% bonds, issued for the purpose of purchasing the plant
of the Dnlnth Water & Light Co. Authority, Section 286 of
the Charter of the city of Duluth. Denominations, $1,000,
$500, $100 and $50. Date, Nov. 1, 1902.
Interest semi-annually at the American Exchange National Bank, New York
City. Maturity, Nov. 1, 1932. All bids must be uncondiI
Each bidder will be required to deposit prior to 2
M. on day of sale a certified oheck or a certificate of deposit
on a national bank for \% of the par value of the bonds bid
for, payable to the city of Duluth.
Elden Township (P. O. Ellendale), Dickey County, N.
Dakota.— Bond Offering,— Proposals will be reoeived until
Nov. 12 (lime extended from Oct. 28) by, William Townsend, Township Clerk, for $1,300 6<£ artesian-well bonds.
Ellisville, Jones County, Miss.— Bond Offering.— Proposals will
be received until Nov. 10 for $5,000 5 20-year
school-house bonds. Denomination, $500. Date, Nov. 10, 1902.
Fern Bank, Ohio.— Bond Offering.— Proposals will be received until 12 m., Dec. 2, by the Committee on Finance of
the Village Council, at the Central Trust
Safe Deposit Co,,
Cincinnati, for $1,761 41 5% refunding bonds. Authority,
Section 2701, Revised Statutes of Ohio. Denomination, $100,
except one bond for $31 41. Date Nov. 1, 1902. Interest,
semi-annually at the Second National Bank of Cincinnati.
Maturity, Nov. 1, 1917. W. Ell wood Wynne is Village Clerk.
Flint, Mich.— Bond Sale.—This city has sold to the Supreme Tent, K. O. T. M., located at Port Huron, $21,600 4%
1-4-year (serial) bonds at par. Denomination, $5,400/ Date,
l
tional.
p.
&
Nov.
5, 1902.
Freeport, Ohio.— Bond Offering.- Proposals will be received until 18 M., Nov. 15 (time extended from Nov. 8), by
Walter Jones, Village Clerk, for $1,000 6| water-works bonds.
Date Nov. 15, 1902. Interest, semiannual. Maturity, one
bond $250 each year on N^v. 15, from 1906 to 1921. Accrued
intere-jt to be paid by purchaser.
Autnoiiy, {Sections 2837
and 2837a of the Revised Statutes of Ohio and a city ordin-
ance passed Sept. 22, 1902. Deposit of $100 required.
Gallitzin (Borough), Pa.— Bond Sale.- OaOct.9 the $6,000
6$ 20 year improvement bonds described in the Chronicle
Oct. 4 were awarded to Seasongood & Mayer, Cincinnati, at
115-17.
Grilroy,
city
Santa Clara County, Cal.— Bonds Voted.— This
on Ojt. 27 voted to issue $15,000 5% 1-15-year (serial) gas
Lansdowne, Delaware County, Pa.— Bonds Voted.— At
the election Nov. 4 the question of issuing $4,000 sewer,
$8,000 street and $12,000 fire-house bonds cairied by a vote
Bonds will probably be issued in January.
of 303 to 118.
Latonia, Ky.— Bonds Voted.— This town on Nov. 4 authorized $30,000 street-improvement bonds by a large majority.
Bonds will probably not be issued until spring.
Lima, Ohio.— Bond Offering.— Proposals will be received
until 12 M., Dec. 8, by Fred. C. Beam. City Clerk, for $25,000
special street-improvement refunding bonds.
Denomination, $1,000.
Date, Oot. 1, 1902. Interest, semi annually at
the office of the City Treasurer. Maturity, $1,000 each six
months from Oct. 1, 1904, to April 1, 1916, inclusive.
certified check for 5% of the amount of bonds bid for, payable
to the City Clerk, required. Bids to be made on blank forms
furnished by the city.
Live Oak County, Texas.— Bonds Registered. The State
Comptroller on October 24 registered an issue of $8,000
bridge bonds.
Los Angeles, Cal.— Bonds Voted.— Bonds to the amount of
$2,180,000 were authorized at an election held Oct. 29, 1902.
They are as follows: Outfall sewer, $1,000,000, vote 3,192
for, 992 against
Polytechnic High School, $200,000, vote
3,111 for, 1,089 against; system of storm drains, $400,000,
vote 2,885 for, 1,256 against; bridges, $100,000, vote 3,211
for to 933 against; public school buildings, $480,000, vote
3,978 for, 348 against.
Louisville, Ky.— Bond Offering.— Proposals will be received until 12 m,, Dec. 3, by the Commissioners of the Sinking Fund, for $y98,000 Z%% gold refunding bonds. Denomination, $1,000. Date, Jan. 1,1903. Interest, semi-annually
at the First National Bank, New York City. Maturity, Jan.
1,1943. Certified check on a national or State bank in the
city of Louisville for 1% of the face value of the bonds bid
for, payable to the Commissioners of the Sinking Fund, required. Accrued interest to be paid by purchasers. Bids
must be made on blanks furnished by the city.
Manheim, Lancaster County, Pa. Bonds Voted. This
borough on Nov. 4 voted to issue $5,000 public-building
bonds.
Manitoba. Debenture Offering. The Provincial Treasurer
will receive proposals at h)s office in Winnipeg until Nov. 15
for $72,000
debentures of Drainage District No. 4 and $29,Ot.O 4% debentures of Drainage District No. 6. Denomination,
Date, November 15, 1902. Bonds will mature in
$1,000.
H
A
—
;
—
—
H
thirty years.
Mansfield (Ohio) School District.—Bonds Voted.— The
question of issuing $40,000 i% high-school-improvement bonds
carried at the election Nov. 4 by a vote of nearly three to
Bonds will be offered for sale in about six week?.
Marathon, Wis.— Bond Safe.- On Oct. 25 $3,500 5* building bonds were awarded to the National German- American
Bank of Warsaw. Denomination, $350. Date, Nov. 1, 1902.
Interest, annually on Nov. 1. Matuiity, $350 yearly on Nov.
1, from 1903 to 1912 inclusive, all bonds are payable, however, "on or b( fore" the date on which they mature.
MarjBYille, Cal.— Bonds Proposed,—The question of issuing bonds for sewer purposes is under consideration.
Midland, Ont.— Debenture Offering.— Proposals will be received until 8 P. m., Nov. 10., by Thos. I. Trueman, Town
Clerk, for $10,000 4 per cent water and $10,C00 4 per cent
dock debentures, Maturity part yearly on October 1 for
one.
—
THE CHRONICLE.
1054
Purpose.
These securities were offered but not sold on
thirty years.
Oct. 8.
Y.—Bond Sale.— On Nov.
Milford, Otsego County, N.
Improvement W, H. Seward Park
Improvement parks, parkways and
1
|
Aug.
. .
|
—
Mayor and Clerk from issuing these bonds.
Newport, R. I.— Bonds Voted. The issuance of $100,000
school and $12,000 hospital %%% 30-year gold bonds was au-
—
November election.
Bond Offering. — Attention is called to the
advertisement of New York City elsewhere in this
thorized at the
New York
official
City.
Sale— Bond Offering.- Of the $300,000 6£ 11-20-year (serial)
bonds offered for sale on Nov. 1, $60,000 were sold to the
First National Bank of Denver and $40,000 to various farmers in the district at par. The remaining $200,000 will be
sold at private sale, and bids for the same will he entertained
by the Secretary of the District at any time. Under the law
no bid under 95# of the face value of the bonds can be ac-
Department, offering for sale $7,500,000 Z%% gold corporate
stock. Proposals for these securities will be received until
2 P. M., Nov. 11, 1902, by Edward M. Grout, City Comptroller.
For full description of securities see Chronicle last week,
p. 997.
Bond Issues. — The following issues of corporate stock of
New. York City were taken by the sinking fund as investments during the month of October
cepted.
Painesville, Lake County, Ohio.— Bond Offering.—Propobe received until 12 M., Nov. 27, by H. C. Garrett,
Village Clerk, for $10,937 50 5g refunding bonds. Denomina-
sals will
:
NEW
25, 1914.
H
|
the
$60,850
Oakley, Ohio.— Bond Sale.- On Nov. 4, the $2,930
townhall bonds described in the Chronicle Oct. 11 were awarded
to Seasongood & Mayer, Cincinnati, for $2,961 56.
Omaha, Neb.— Bonds Not Sold— Bond Offering.— We are advised that the sale of the $200,000 %%% 30-year registered funding bonds advertised to take place Oct. 31 was "declared off."
Proposals are again asked for these bonds carrying 4% interest until Nov. 25, 1902, by A. H. Hennings, City Treasurer. Denomination, $20,000.
Date, Dec. 1, 1902. Interest
semi-annually at Kountze Bros., New York. Certified check
for $5,000 on a national bank, payable to the city of Omaha,
is required.
Accrued interest to be paid by purchaser. The
bonds will be certified to as to their genuineness by the United
States Mortgage & Trust Co. of New York.
Orange County, Texas.— Bonds Approved.— Refunding
bridge bonds to the amount of $1,995 were approved by the
Attorney- General on Oct. 31.
Orion, Mich.—Bond Sale.—This village has sold an issue
of sewer bonds to J. A. Neal.
Otero Irrigation District (P. O. La Junta), Colo.— Bond
:
j
NEW
LOANS.
TOWN
$4,000,000
CO., N. \..
Chicago, October
Proposals will be received by C. S. Thornton,
N. Y., Supervisor of the Town of
Thompson, Sullivan Co., for refunding at 3H per
cent, bonds due March, 1903.
Interest payable
semi-annually. The right to reject any and aH
Monticello,
bids reserved.
MASON, LEWIS & CO.
Department of Finance,
1,
1902.
Sealed bids will be received at the office of the City
Comptroller UNTIL TWELVE (12) O'CLOCK
NOON,
Four Million
OF THOMPSON,
REFUNDING BONDS.
MUNICIPAL BONDS.
15, 1902, for
LOANS,
SULLIVAN
CITY OF CHICAGO
DECEMBER
$860
25,000
25,000
Council has authorized the issuance of the $10,000 5% electriclight-plant bonds voted at the election held Oct. 6. Bonds will
be twenty-two in number in'denominations ranging from $350
to $600. Date, Aug. 25, 1902. Interest, semi-annual. Maturity, one bond each six months from Feb. 25, 1904, to
1
. .
Amount
Total
Denomination, $200. Date, Nov. 1, 1902. Interest annually on July 1 at the Milford National Bank, Maturity,
July 1, 1907.
Mitchell County, Texas.— Bonds Approved.—The Attorney-General has approved an issue of $15,000 refunding
bridge bonds of this county.
Morenci, Mich.— Bond Sale.— On November 3 the $6,400 6£
1-4-year (serial) paving bonds described in the Chronicle
Nov. 1 were awarded to the Wakefield State Bank^ of Morenci at 103-467. Following are the bids
Wakefield State Bank
16.62187 Denison. Prior 4 Co., Cleve... 16.528 50
State Sav. Bank Co., Toledo.. 6,625 00 Calvin B. Turner, Morenci.... 6,525 00
6,432 64
6,670 00 Lamprecht Bros. Co.. Cleve.
Noble, Moss & Co., Detroit.
Spitzer & Co.. Toledo
6,630 00 F. L. Fuller & Co., Cleveland.. 6,407 50
Newark, Ohio.— Bonds Authorized. The City Council has
authorized the issuance of the $300,000 water-works bonds
voted at the election held April 7, 1902. Chas. C. Metz, a
taxpayer, has obtained a temporary injunction restraining
.
8
3
North Amherst, Ohio.— Bonds Authorized.—The Village
I
3'94%
3
drives...
($4,000,0C0) Dollars of
Municipal Bocds 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 (3^) 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
BANKERS,
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
retire 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
BOSTON.
CHICAGO,
Monadnech Bolldtns,
MUNICIPAL
RAILROAD
CORPORATION
00 Devonshire SU
„ Aimrt
BONDS*
Choice inane*.
Street
Railway and 9m Companies.
LIST Oil APPLICATION.
Chas.
of Chicago.
S.
Kidder
&
if
184
LA SALLE STREET,
CHICAGO.
MacDonald, McCoy
McGANN,
HUM CI PAL AMD
all 'bids.
total debt of all descriptions of the City of
Chicago, including the above-mentioned
of the City
is
CORPORATION
La Salle
Street, Chicago.
Blodget, Merrit:t
Sec. 312, Paragraph 18.— "The one-fifth value of all property so
ascertained and set down shall be the assessed value for all purposes
of taxation."
The assessed valuation
Co.,
BONDS.
City Comptroller.
171
The
&
desired, in the office of the City
Comptroller.
The City reserves the right to reject any and
L. E.
Co.,
BONDS,
;
registered as to principal,
LXXV.
Maturity,
19*2
1642
1942
Interest Rate.
Armories
this village sold an issue of $3,000 lighting bonds to the
First National Bank of Oneonta at par for 3'90 per cents.
Following are the bids :
3-90$ Geo. M. Hahn, New York
i'OOf
First Nat. Bank, Oneonta
First Nat. Bank. Balnbridge
[Vol.
&
Co.,
BANKERS,
16
36
Congress Street, Boston.
NASSAU STREET, NEW YORK.
$100,000,000
STATE, CITY & RAILROAD BONOS.
—
—
November
8,
THE CHRONICLE.
1902.]
Date, Nov. 27, 1902. Interest semi-annually
tion, |2,187 60.
at office of the Village Treasurer. Maturity, onejbond yearly
on Nov. 27 from 1917 to 1921, inclusive.
Paulding, Ohio.— Bond Offering.— Proposals will be received until 12 m., Nov. 24, by E A. Ream, Village Clerk,
for $1,200 6<T 1 5-year (serial) Cherry Street sewer bonds.
Denomination, $210. Dite, Nov. 1, 19)2. Interest, semian-
The successful bidder will be required to furnish
blank bonds and must also pay accrued interest.
nual.
Pemiscot County (P. O. Caruthersyllle), Mo.—Bond Offering.
T. H. Patterson, County Treasurer, will sell between
the hours of 1 and 3 p. m. on Nov. 17 an issue of $61,195 6%
bonds of Drainage District No. 1. Denomination, $500, except one bond for $695. Date, Nov. 1, 1902. Interest, annual. Maturity, part yearly from two to sixteen years after
—
date.
Penn's Grove, Salem Connty/N. J.—Bond Offering.— ProP. M
Nov. 14, by John P. Leap,
Chairman Water Committee, for $35,000 i% 30-year gold
water and lignt bonds.
PleasantTille, Iowa.— Bond Sale.— On Nov. 3 $5,500 ±%%
5 15-year (optional) lighting bonds, dated Nov. 1, 1902, were
awarded to W. J. Hayes & Sons, Cleveland, at par less 2%
discount. Denomination, $500, Interest, annual.
Providence, R. I.— Bond Sale- The City Council has
posals will he received until 8
,
—
authorized the issu&nce of $258,000 3J0 gold fire and police bonds.
Date, Nov. 1, 1902. Interest, semi-annual. Maturity, Nov. 1, 1932.
These bonds have been sold to the
Board of Commissioners of Sinking Funds at par.
Pnnxsntawner (Pa.) School District.— Bond 8ale—This
District has sold the $6,000 i% 10-20-year (optional) bonds described in the Chronicle Oct. 11 to D. H. Clark of Punxsu-
tawney
at 102-62.
$62,500 5% 25 year debentures, dated Oct.
1,
Interest
1902.
semi annual,
Ross County, Ohio.— Bonds Defeated. The proposition to
issue $40,090 fair- ground bonds was defeated at the election
—
November
held
4.
Saginaw, Mich.— Bond Sale.— On October 23 $8,000 A.%
1-10 year (serial) street improvement and $5,000 4£ 1-10-year
(serial) sewer bonds were awarded to the Second National
Bank of Saginaw at 100*423. Following are the bids
:
Second Nat. Bank. Saginaw
$18,055
13,008
People's Sav. Bank (for $6,000).. 18,025
B. Ames (for $5,0uO)
6,010
& Co., Cleve
Denomination, street $800 and sewer $500 [each. Date,
Oct. 6, 1902. Interest semi-annually at the office of the City
Treasurer or at the current official bank in New York City,
Bond Sale. The Second National Bank of Saginaw has
been awarded an issue of $7,000 i% street- improvement bonds
Uenlson, Prior
|
—
at par.
—
Sebring, Ohio. Bond Offering. Proposals will be received
until 12 m. , Nov. 18, by Chas. Macaulay, Village Clerk, for
$9,790 20 5% 1-10-year (serial) street-assessment bonds. Denomination, $979 02, Date Nov. 1,1902. Interest, annual.
draft for $250 required with bids. These are the bonds
Co., Cleveland, on Oct. 8, this
awarded to Denison, Prior
firm afterwards refusing to take the same on the ground
that the issue was not sufficiently advertised.
A
&
Springville,
Utah.— Bond Election Propos td.— The ques-
tion of holding an election to vote on a proposition to issue
bonds for water works and electric lights is being considered
by citizens of this place.
Bond Sale.— Oa November 5 the $80,000 i%
'Steelton,
10-30 year (optional) water bonds described in the Chronicle Oct. 25 were awarded to Dick Bros.
Co., New York,
Following are the bids
at 101.
100 07
Dick Bros. & Co.. New York ... 101-00
Jose, Parker & Co., Boston
Pa—
&
:
Reedsbnrg, Wis.— Bond Offering.— Proposals will be received until 7:30p m., Dec. 3, by A. H. Clark, City Clerk, for
school bonds. Denomination, $200. Date, Jan. 1,
$30,000
1903.
Intereet, annually on Jan, 1 at office of City Treasurer. Maturity, yearly on Jan. 1, $2,000 from 1912 to 1917, inclusive, and $3,000 each year from 1918 to 1923, inclusive.
Revelstone, B. C. Debenture Offering.— Proposals will be
received until 12 m,, Nov. 14, by Henry Floyd, City Treasurer, for $8,000 5% 25 year debentures, dated July 15, 1902, and
H
-
[
& Co., Cleveland... 100*25
Sterling Colo.— Bond Offering.— Proposals will be received until Nov. 10 by C. L. Goodwin, Town Clerk, for
from $40,000 to $63,000 water-works bonds. Authority, election held Oct. 11, 1902. Date, Jan. 1, 1908. Interest, semiannual. Maturity, Jan. 1, 1918, optional after Jan. 1, 1913.
All bids must be unconditional. Certified check for $1,000
F. L. Fuller
WILD &
.
|
1
,
required.
NEW
INVESTMENTS.
J. F.
1055
LOANS.
CO.,
BANKERS
Indianapolis, Ind.
NEW YORK
FOR SALE, HIGH-GRADE
MUNICIPAL
RAILROAD
GOLD EXEMPT BONDS
CORPORATION
BON
$6,500,000 Payable Nov., 1952
DS.
$1,000,000 Payable Nov., 1942
Oldest Bond (louse In Indiana.
Prices and circulars upon application.
T. B. POTTER,
MUNICIPAL and oriMnc
CORPORATION
Wh
CITY
DUINUS,
TO BE SOLD TUESDAY, NOVEMBER
Send bids
envelope, enclose' in the addressed envelope.
1902
Two
per
cent, of par value l>i«l for, in cash or certified check on State or National
bank of New York City, must accompany Ibid. This deposit will be returned day of sale to unsuccessful bidders, if called for. For tuller information
see "City Record," or address
EDWARD
172 Washington Street,
CHICAGO,
in a sealed
II,
A\.
GROUT, Comptroller
City of
New
York
280 Broadway, New York
ILLS.
LIST ON APPLICATION.
INVESTMENT BONDS.
8END FOR
Geo. D. Cook Company, N.
LIST.
INVESTMENT SECURITIES,
DENISON, PRIOR & CO.
CLEVELAND.
Counselman Buildin? 238 La
Salle St.
CHICAGO.
B08TON.
Broad Exchange Building 25 Broad
Mexican Goyernment and State Bonds.
Cbicaoo, IMfnots.
AND
Public
MUNICIPAL BONDS.
Co.,
BANKERS,
Devonshire Street,
BOSTON.
Railroad and other bond* adapted
for trust funds and savings,
ISSUE TRAVELERS' LETTERS 01 CREDIT
4. F AIL ABLE IN ALL PASTS OF THE WORLD
MUNICIPAL
523 Western Union Buildinq,
121
BANKERS,
31 and 33 PINE ST., NEW YORK.
BOSTON.
CHICAGO.
Deal exclusively In Municipal,
Quotations furnlsbed for poronue, sale or exohange,
^totals,
Stanwood &
CO.,
'
St-
NEW YORK.
E. C.
W. HARRIS &
Service
Corporation
BONDS.
E.H.ROLLINS & SONS,
BOSTON.
Denver.
San Francisco.
FARSON, LEACH &
CO.
Public Securities,
CHICAGO.
NEW YORK.
PHILADELPHIA.
BOSTON.
—
THE CHRONICLE.
1056
H
$4,000 yearly
required to
Interest, semi-annual. Authority, S actions 2704, 2705, 2706
and 2707, Revised Statutes of Oaio.
Vandergrift Heights (Pa.) School District.— Bond Sale.—
On Nov. 1 the $4,000 5% school improvement bonds described
in the Chronicle Oct. 25 were awarded to the Vandergrift
Savings & Trust Co. of Vandergrift at 103 75 and interest.
Van Wert, Ohio.— Bond Offering.— Proposals will be received until about Deoember 1 by the City Clerk for $6,500
4}4$ refunding water- works bonds. Denominations, six of
$1,003 and one of $500. Date, Nov. 1, 19 )2. Interest semi-
1911 to 1923, inclusive. Bidders will be
a deposit of $500 before bidding. J. N.
Clerk.
from
make
Punch is County
Swartbmore, Delaware" County, Pa.— Bonds Voted.—The
vote on November 4 on the question of issuing $20,000 highway-improvement bonds was 109 for and 71 against. De-
annually at the office of the City Treasurer. Maturity,
Nov. 1, 1912.
Wabasso, Minn.— Bond Sale.— This village on Oct 8 sold
an iseueoi $1,4 •06$ 5 year village hall bonds to C. A. Boalt&
Co., Winona. Denomination, $500, except one bond for $400.
not yet determined.
Sycamore Township, Butler County, Kan.—Bonds Voted.
—This
township voted on October 14 to issue $20,500 i.%
10-20-year (optional) bonds in aid of the Kansas City Mexico
Orient Railway. Bonds will not be issued until the road is
Wapakoneta, Ohio.— Bond Sale.—On Nov. 3 the $30,000
i%% street improvement bonds described in the Chronicle
Oct. 11 were awarded to W. J. Hayes & Sons, Cleveland, at
completed and in operation through the township.
Sylvania (Ga ) School District.—Bond Offering.— This
district is asking for bids for $5,000 6$ sohool-bailding bonds
voted at an election held October 7.
Syracuse, N. Y.—Bond Sale.— On November 1 the $50,000
3%% 1-20-year (serial) Onondaga Creek improvement bonds
were awarded to the Onondaga County Savings Bank at
101 'Z5- a basis of about 3-347, and the $10,000 $%% 1-20-year
(serial) Harbor Brook improvement bonds to the Catholic
Mutual Benefit Association at par. Following are the bids
Onnndaaa Co.ISav. Bk .$50.000<al 01-35 Jose. Parker & Co.,} I50.O00® 100-19
lO.Ooi @100-19
Boston
I. W. Sherrlll, Pougb-< M>,00?@100-27
\
keepsie.,
10,000® 100-27 Cath. Mut. Ben. Asso.... 0.000@100-00
60,000@100-11
Geo. "M. HataB, New! BO,000@100-28 O'Connor & Kahler
S.
A. Kean
F« description of bonds see Chronicle Oct.
—
—
was voted upon and defeated.
~ West Pittaton (Borough), Pa.— Bonds Voted.— This borough on November 4 authorized the issuance of $20,000
street improvement bonds,
Tazoo City, Miss.— Bond Offering.— Proposals will be received until 6 p. M Nov. 10, by Bjard of Mayor and Alderman, for $175,000 6% water- works, electric-light and sewerage bonde. Denomination, $500. Interest, January 1 and
July 1. Maturity, $500 yearly on Jan. 1 from 1904 to 1908,
inclusive; $1,000 yearly on Jan. 1 from 1909 to 1913, inclusive; $1,500 yearly on Jan. 1 from 1914 to 1918, inclusive;
$2,500 yearly on Jan. 1 from 1919 to 1922, inclusive, and
30,000 4s@101 -05
25, p. 93S.
,
:
improvement bonds, ;dated
Oct.
28, 1902.
Greenwood Avenue improvement bonds, dated
2,176 03 i% 1-5-year (serial)
Oct. 15, 1902.
2,164 95 i% 1-5 year (serial)
Walnut
improvement bonds, dated Nov.
Street
18, 1902.
8,260 83 4£ l-5-year (serial)
is,
|
October 27 the question of issuing $12,000 water-works bonds
Toledo, Ohio. Bonds Authorized. The Common Council
has authorized the issuance of the following bonds
$8,198 75 ii 1-5-year (serial) Michigan Street
:
Sons. Cleve... .$30,127 00 Lamprecht Bros. Co.. Cleve.*$30.809 00
P. 8. BriKKs&Co.. Clncin .. .»30,905 0O| W. R.Todd & Co., Clncln.... 30.060 00
* Bids, we are advised, did not comply with advertisement and were rejected
Waylaud, ittich. Bonds Defeated. At the election held
1
lO.CO'J® 100- 19
Following are the bids
100 423.
W. J. Hayes *
.
\
Interest, semi-annual.
Date, Oct. 15, 1902.
&
York
LXXV.
[Vol.
$31,111 01 4< 1-10-year (serial) Bancroft Street improvement bonds, dated Oct
15. 1902.
5,281 414* 1-5-year (serial) Indiana Avenue improvement bonds, dated Oct.
JO, 1902.
Stoddard County (P. 0. Bloomfleld), M.o.-Bond Offering.— The County Treasurer will eell at public auction at 2
R. A. Sisler et al.
P. M., December 2 an issue of $71,670 28
drainage system, Drainage District No. 2 bonds. Denomination, $500, except one bond for $670 28. Interest annually
at the Merchants' Laclede National Bank, St. Louis. Maturity, $3,000 yearly in each of the years 1905 and 1906,
$3,170 28 in 1907, $3,500 in the years 1908, 1909 and 1910, and
tails
—
:
No conditional bids will be con1, 1923.
These bonds were offered for sale on September 8
on Jan.
$150,000
sidered.
Jerome Street improvement bonds, dated Nov.
19o2.
2,64586 i% l-5-year (serial) Ontario Street improvement bonds, dated Nov.
without success.
18. 1902.
TRUST COMPANIES.
CENTRAL
MANHATTAN TRUST COMPANY
TRUST CO.,
vceRB 0o
TRUST
*"
0tt
*
CO.
WALL
1
INTEREST ALLOWED ON TIME DEPOSITS.
Separate Department with Special
Facilities for Ladies.
F. G.
JULIAN M. GEKAK1),
Officer.
KING,
sec. a id Treas.
Ass't dec. & Ass't Treas.
,
W. N. DUANE, 3d Vice-Fre». and Treas.
C. H. SMITH, Secretary.
E. A. SKINNER, Asst. Secretary.
F. U WIGHT, Trust Officer.
E. J. Cross.
Rudulph Ellis,
BONDS
Amos T.
French,
John Kean,
SUITABLE FOR
James J.
U.
&
NEW YORK
NEW
Co.,
The Trust Company makes
5*
Yielding \M% Net.
Correspondence Invited.
of
::11
"VICKERS & PHELPS,
15
New York.
INVESTMENT BROKERS,
HIGHEST GRADE RAILROAD
Wall Street
•
BONDS.
baLtikoke.
a specialty
being legalized there.
BONDS
the best at the price.
AND STOCK
CERTIFICATES
partly IUIiolthdImmI and partly prlnleil ; finished In a few
tlrnsj liamlMimp de»IgTl» t must be mtii to be
Appreciated, fcU'nd for BltmplcS.
ALBERT J3. KING & CO.,
EngrnrerK
nWfplmnr
Connection.)
Mill l.illio(;rii|thi'i".,
105 Willlnu
St.,
CAPITAL, •
SURPLUS,-
-3
$2,125,000.
82,437,500.
for Court
and Trust Fumds.
SAFE DEPOSIT BOXES, FOR RENT.
kinds of Trust business in Mexico,
The cheapest that are good;
TRUST
Maryland Trust Co.,
A Legal Depository
HARRY
R. POWELL A: CO.
WnodMtonk. Vermont.
SAVINGS AND
DEPARTMENTS.
W. Corner Calvert and GermanlStrMts.
YORK,
CITY
MINNESOTA BONDS,
R. LYON,
ALEX. H. REVEAL
CHARLES G. DAWES.
N.
CHICAGO, KANSAS CITY.
THOMAS
VALENTINE.
P. A.
& Mexican
LONDON, CITY OF MEXICO,
HIGH-GRADE
j.EARLING.
MAX PAM.
CHAS. T. BOTNTON,
CHARLES DEERING,
A.
OFFICES
Individuals.
ST..
allium.
Trust Company.
Trust Funds,
NASSAU
DIRECTORS!
FRANK O. LOWDKN
HARRY RUBENS,
GRAEME STEWART,
Hill,
Oliver H. Payne,
E. D. Randolph,
Grant B. Schley,
James O, Sheldon,
John I. VVaterbury,
R. T. Wilson.
United States
Trust Companies,
1
I,
President.
UHRLAUE, Vice-President.
LAWRENCE O. MURRAY, 8ec'y& Trust Officer
WILLIAM R. DAWES. Cashier.
CHARLES T. WEQNEH, Asst. Cashier.
MALCOLM McDOWELL, Asst. Secretary.
MAX PAM, General Counsel.
Daniel S. I.nmonl.
J.
DAWES. President.
O.
A.
BANKING,
Savings Banks,
Rudolph Kleybolte
CHARLES
W. IRVING OSRORNE, Vice
DIRECTORS, 1902i
Francis R. Appleion.
August Belmont,
George F. Baker,
II. W. Cannon,
A. J. Caasatt,
$4,000,004
1,000,000
Capital,
Surplus,
OFFICERS:
T. BARNEY, President.
FRED'K L. ELDRJ.DGE.lst ice-President.
JOSEPH T. BROWN, 2d Vice-President.
CHICAGO.
Profits,
JOHN I. WATERBURT, President.
JOHN KEAN,
I *ice-±-resiucnis.
AMOS T. FRENCH, Vice-Presidents
CHARLES
RANDALL. Trust
& Undivided
$2,500,000.
Takes Entire Charge of Beal Estate,
Mortgages, etc.
B.
OF ILLINOIS,
NEW YORK.
BROADWAY,
Legal Depository for State, City and
Court Moneys.
WILLIAM
NASSAU,
ST., cor-
234 FIFTH AVENUE,
Capital, Surplus
10O WEST 125TH ST.
OFFICEM:
—NTVNi-MNi'N^fWVW^
Now York.
Acts as Financial A^ent for Sta\es. Cities. Towns.
Railroads and other Corporations. Transacts a genLends money on approved
eral trust business.
security. Allows interest on special deposit*. Acts
us Trustee under Mortnaiies, Assignments and Deeds
of Trust, as Am-nt for lie Transfer or Registration
of StockB and Bonds, and for the payment of coupons
Interest and dividends.
J. WILLCOX BROWN, President.
J. BOWDOIN, 1st Vice-President.
L. JACE80N, 2d Vice-President.
SCOTT, Seoy. ft Treas.
.i
NKSS, Asst.SeO] r. A Tress.
I
UKNRY
LLOYD
BERNARD
CARROLL VAN
DIREC70R8:
Win. A. Marburg.
H. J. Bowdoln,
Leopold St rouse,
Henry Walters,
W.
B.
J.WillcoxBrown.
B. N. Baker,
J.
S.
A. Tompkins.
Mandelbaum.
W. Wood, John Pleasants.
Andrew D.Jones, J. L mack well.
Fred'k
Brooks Jr., Joshua levering,
leo. C.
Jenkins.
John 8. Wilson
Lloyd L. Jackson, James Bond,
.l.s. Lemmon,
J. D. Baker,
II. A. Parr,
von Llugen, L. r. Loree.
G. A.
Clayton C. Hall,
@FedFRASER