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Financial

onrnmtw

ronirif

3upplemenl (m<a$

Quotation

Street Railway Supplement <&*««$

Investors Supplement (Quarterly)
Entered according

VOL.

Act of Congress,

to

in the

State and City

year L902, by the William

b.

Dana Company,

SATURDAY, OCTOBER

75.

Supplement

iu the oilicc ol the

Librarian of Congress.

NO. 1947.

18, 1902.
M<t'. ending

^hc Chronicle,

Clearings at

^m®

1902.

1901.

<

iclobt

*

int. i/l
Dec.

11

1900.

1899.

PUBL.SHED WEEKLY.

Terms

$

Subscription— Payable in Advance

of

Year

.For On-

$10 00

Months
6 00
European Subscription (including postage)
18 imi
European Subscription sis Months ^including postage)
7 50
Annual Subscription in London (including postage)
& 2 lis.
Six Months Subscription in London (including postage)
SI lis.
Above subscription includes —
Bank and Quotation- Supplement
street Railway Supplement
investors' supplement
state and 1'itv supplement

iEor Sis

Terms

of Advertising:

Hartford

New Haven

M

,

Twelve Months

(

(52 times)

536,672
644,612
310,089

165,910,921

183.151. 893

134,675,902

138,441,468

152,782,929
17,262,050
13,712,326
13,685,051
6,956,412
6,076.000
4,221.211

133.584,022
15,344,200
7,875,344
11.198,541
6,723,414
5,519,500
3,167,167
2,450,847
2,328,909

133,533,022
15,658,300
8,590,404
10,828,553
5,818,803
5,272,000
2,937,833
2,480,474
2,233,315
1,241.645
1,139,491
881,910
314,831
445,862
372,104
391,500
315,852
357,778
290,032
266,788
163,642

New Bedford
Holyoke
Total

New England.

20,339,550
10,000,000
15.497,649
7.143.230
8,744,100

Cleveland

LOXDOX AGENTS:

620,843
536.288
363.562

1,493,244
1,168,444
585,507

Cincinnati
Detroit

29 00
50 00
87 00

26 times)

548,488
355:842

1,769,2s.-)

Portland
Fall Kiver
Lowell

00

212

954,5651

1,279,005
1,249,168
955,451

Worcest er

Chicago

(8 times)
(13 times)

Tlllee Months
„ ntha
Slx

J
-n

Inch Space

1.724,271
1,485,148

Springfield

1,491.91

$4 20

Two Months

(

Standing .Business Cards
bUnoin^ Business cards

— Per

113.556.158

147,186,118
6,785,200
2.725,518
1,801,35s

I'rovidence

i

Transient matter

144,300,856
6,956,700
3,014,519
1.620,612
1,574,525

1i'.:;,756,148

Boston

Milwaukee
Columbus
1

ndia apolis
•

Peona
Toledo

.),840.309

3,112,61
2,970.230
1,603,220
1,601.146

Smith, 1 Drapers' Gardens, E. C, will take snbecriptmn.- and advertisements, and supply single copies ol the paper at Is.

Grand Hapids
Dayton

each.

Youngstown

94S.396
594,839

Springfield,

622.58'"

Edwards &

Messrs.

Vt 11,1.1 \

DANA COMPANY,

M B.

Publishers,

Box

Office

NEW YORK.

».>S.

ill

CLEARING ROUSE RETURNS.

O

Canton
Jacksonville

Quincy

The following table, made up by telegraph, etc., indicates Bloomington
Jackson
that the total bank cleavings of all the clearing houses of the Ann Arbor
Mansfield
Unite' States for the week ending to-day, Oct. 18, have Decatur
Total Mid. Western
been $8,817,088,528, against $3,559,359,321 last week and
San Francisco
$2,144,095,874 the corresponding week last year.

232,988
05,000
216.031 Not include

— Return* by

Telegraph.

P.Cent

1901.

1802.

18.

t.

18,534,221
16,345,064
6,844,408
5.503,200
4,873,160
5.154.328
1.698,039
1,222,572
1,581,548
1.205,238

(1,103,058

64,550,195

216.087
828,320

41,804,350
1 1,496,533
8,442,402
4,792,500
7,419,332
4,995.566
3,402,967
3.620,16"
3,121,850
1,531,321
1,465,191
2.035,772
731,602
1,498,006
951,360
841,000
890.460
475,951
361.924

St.

395.864.817
¥2.617,033.528

$2,144,995,874

for

week

Kansas City
St. I'aul

+22-0

Denver
Joseph
Des Monies
Davenport

Sioux City

Topeka
Wichita
week covered by the above will be Fremont
given next Saturday. We cannot furnish them to-day, clear- Colorado Springs
Total other West'rn
ings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to St. Louis
be in all cases estimated, as we go to press Friday night.
New Orleans

The

full details for

the

We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, Oct. 11, and the results for the corresponding
•week in 1901. 1900 and 1899 are also given. Contrasted with
the week of 1901 the total for the whole country shows a gain
of 22-3 per cent. Outside of New York the increase over 1901
is 112 per cent.
Week
Clearings

1902.

New

endni'i October

1901.

ork
Philadelphia
Pittsburg
"i

Baltimore
Buffalo

Washington.
Albany. _
Rochester
Syracuse
Scranton
Wilmington
Blnuliamton
.

Che-ter

Greensburg
Whee.ing ......
Wilkes Barre
TJtica.

Total Middle

1900.

Dec.

$
1.702,293,275 1,321.644,023
95,32:1.914

4-19-7

JH.533.U4

34,375,004
22.118,414
6,410.613
2.859,349
3.233,707
1.830,548

+ 18-0

2,868,325
1.794.183
1,065,886
967,053
939.465
358,400

3,002,669
2.075,402
1,131.012
1,175,544

26

—8-2
+13-6
+18-7
+18-0
+2-1

69° 951

297.

891,416
887,300

HO

111

Memphis

4, 411.578

Atlanta
Nashville

3, 439,828
2. 043.536

Norfolk

Augusta
Knoxville
Korl Worth..

to

-I-27-4

.074.21 9 00

Total Southern
Total all
Outside New York.

Montreal

Toronto
Winnipeg
Halifax
Hamilt' n
St.

John

Victoria

London
j

!

:',25.741

013

8,

153.396

708,399
289,303
837.941
704.789
152,088
970,000
094,893
586,545
381,458
402.835
1 10.069.26J
1,

1

—24-9
4-35-6

+599
4-7-6

+44- r
+1-9

-r-16-2

+9-3
+18-4

— 7*7

—155
4-41"

—66
4-16-3
4-27-5
4-40-5

—24-2
900,383 —47-4

971,345
468,480
112,100
811,122

4-10-2

59.858,853

57,244,009

37,568,700
14,068,941
7,737,360
4,390,000
7,723,116
7,025,613
3,451,769
4,375,358
2,914,864
1,462,624
1,519,769
2.283,749
625,659
1,465,278
925,000
1,061,000
669.428
400,882
236,033

35,931,964
9,116,252
8,752,779
4,458,450
4,638,701
3,830,284
3.191,173
2,979,751
2,340,018
1,460,234
1.362,730
1,010,939
671,644
873,113
696,559
653,000
304.969
386,087

491,935
196,09!)

Not include
99,881, -254

2,559,359,321 2,093,254.651

251, 379"

tal.

4-10-2

99,915.086

82,909,957

4-22-3 1.601.952.534 1,833,564,628

857.066,046

771.610,628

4-11-1

675,131,983

667.662.113

27,120,889
19.278,261
5,047,901
1,804,958
956,468
1,088,591
528,218
1,232,652

20,450,105
9,905,581
3,213,176
1,665,847
SOU, ISO
820.715
656,484

4-32-6
4-93-5
4-56-9
4-8-3

15,003,740
10,995.225
2.072,497
1,453.299
908,829

16,440,604
10.998,030
3.015,204
1,598,246
884,023
676,916

Canada—

Vancouver
Quebec
Ottawa

fell.
1

Beaumont

300,000

396,819

+154

(1

4, 399,621
4. 056,351

-.'711,1100

—14-1

711.843
194.02 ?.S04

2,524,-^27

LI

342.200
317,501
406,313

1.

2 485,1568

-34-6
-30-6

1,170,077
1.260,488
1.330,859

2.117004 Xut 'nt-m-ie
1.902.843.722

+3-8
—1-9

i-21 -s

12,

Houston
Savannah
Richmond

Chattanooga

$
$
926,820,551 1.165,902,485
86,339,753
82,256,172
36,880,173
28,341,079
19,415,280
20,396,958
5,442,158
5,231.958

+28-8

114.13St.457

22,963,777
6,093,921
3,483.773
4,351,913
2,391,114
1,318,123
1,156,497
1,511,158
406,700
371,557
414,729
800,000
611.584

1899.

46,

Galveston

Jacksonville

%

$

'

9, 429,135
4, 366,000

Louisville

Birmingham
MaCOU
Little Rock

1 1.

at—

17,728,556
14,175,457
7,130,475
5,574.233
3,971,896
3,380,457
1,644,843
981,519
1,322,044
688,530
457,662
178.331

21,014.63
18,994,556
7,482.752
6.517.410
4,000,000
4,356.163
2.406,580
1,141,954
1.839.119
1.537.164
690,732
148,568
473,433

Tacoma

Minneapolis

day

18,294,494
13,539,092
7,647,920
5,353,481
4,489,606
4,027,954
1,451,192
1,168,530
1,523,537

42 848,137

$1,796,404,248
348.5'Jl .626

1

4-13-4

52,305,594

1*2,821,168,711

all cities

36,597,044

-t-59-4

Omaha

Total

37,743,527

-r-38-0

588,284
468,591
260,570

$1,532,501,841
263.902.4(17

All cities,

+22-1

,338,879

599,49'"

$1,935,157,097
286.011 014

5 days.

22,301,971
3,276,947
2,209,491
1,891,634
2,335,227
1,463.968
1,126.744
723,016
598,889
169.157

746,387
r
385,66

Seven cities. S days
Other cities. 5 davs
all cities.

4-48*0

23,158.280
2,283,581
2,877,156
2,546,864
3,213,803
1,282,116
1,205,919
635,250
364,011
176,547

Kargo
Sioux Falls
Total Pacific

Baltimore
Chicago
St. Louie
New Orleans

Total

4-22-4

Helena

Seattle

D1,1I9,029,794
120.680.247
90,151,943
18.574,984
131,927,934
40,641,019
1 L .495.920

—1-8
+16-4
+7-1
+7-8
+8-3
—4-2

193,531,139

23,704,789
4,015,806
3,357,115
3,254.311
4.410.934
1,448,858

Spokane

-t-33-5

195,539,469

29,111,181
3,015,873
4,553,174
5,208,838
4,716,403
2,095,714
1,847,860

Lake City

¥1,494.505,421
118.519.936
104.974, 432
19,900, (98
142,243,172
44,005,499
11,008.139

Philadelphia

4-12-4

228,795.368

Portland
Los Angeles

-

50,000

257,126,763

Salt

Week Ending O
New York
Boston

818,396
384,445
464,334
537.634
507,900
402.918
323,760
336,398
265,615
134,102
245,000
222,745
130,000

78,581

2:58,603

1
.

Clearing*

1.219,731
1,304,557

481,853
573,400
397,796
343,474
365,316
360,535
164,274
245,104
312.652
144,095

99,111

Uockford
Sprinafield,

1,404,821

3.165,886
1, 300.180
1,297,693
782.709
521,351
533,791

351,974
165.000

Akron
Kalamazoo

2,305,626
1 ,482,805

2.364. 78:t

582,856
620,000
555,324
399,982
462,460
406,964
217,480

Lexington

Pine Street. Corner of Pearl Street.

Pom

Kvansville

6,151. 500

119,423,192
7,456,000
2,451,216
1,879,597
1,600,352
1,534,124
1,299,121
1,125,828
670,690
631,348
370.000

Total Canada

4-11-1
4-26-6

—197

743 686

654,239
1,113,147

1,049,628

2.21.-.421-.
—42
2,122.286
804,83c No! ii elude d in to tal.
+123
33,033.648
i-i.ti82.259
HO.722.663

35,399.337

i,:-.92,48-

1,204,303
1,630.136

4-2-4

—23

—
THE CHRONICLE.

5T5

is

likely

to

—

becom8 epochal

in

history because of the settlement of the coal strike
the most severely disturbing labor contest that the

country has ever experienced. We have written upon
the subject in another column and need not dwell
upon it here. Apparently the agreement has been
reached along lines suggested by the two parties to

when

LXXV.

accounts a month later, and present one gratitying
feature
that is very large exports.
These are due to
an unusual movement of cotton and wheat to Europe.
Cotton has gone forward very rapidly. The reasons
are that the ex op, in maturity, has turned out
to be
an extremely early one this year, and
the demand has been active because of reduced
stocks among spinners everywhere.
As a consequence the value of the shipments to foreign ports of

THE FINANCIAL SITUA TION.
The current week

—
[Vol.

before the President; and the

raw cotton in September were $29,930,815 against
commission has been appointed in substantial accord- $16,498,966. The value of the cotton shipments in
ance with the views of each, affording a reasonable September have not for many years been so large behope that its deliberations will prove to be a lasting fore; and chiefly for that reasou the total value of the
blessing.
It would be worse than useless at this point exports of Breadstuffs, Provisions, Cotton, Petroleum,,
in the negotiations to express a doubt as to the etc., reached over 70 million dollars in September
completeness of the peace that is in prospect in against about 62} million dollars in September 1901,
a department of work which for many reasons, and and 65^ million dollars in 1900. Altogether, the Sepwithout exaggeration, we think, may be called the vital tember merchandise exports were 115| million dollars
and pivotal centre of our industries. If labor and against nearly 107 million dollars in the same month a
capital through the means now being used could reach year ago.
Turning to the imports the figures are
a modus vivendi in such an important centre of trade also phenominally large, not to our readers surprisaffairs, it would much mor than pay for the trial, ingly so, because they have been kept informed of
Imports in September 1902
anxiety, suffering and losses which the strike has en- what was in progress.
Nothing is too great to be hoped for in this were $87,820,000 against $66,827,000 in 1901; hence,
tailed.
new country. After the experiences wb have had, even notwithstanding the exceedingly free export movethe beginning of a labor and capital millenium ought ment, the net favorable merchandise balance this year
not to over-tax our optimistic spirit.
in September was only $27,702,000 against $40,163,000
this contest

first

5

in 1901.

Stock Exchange operators have had to face very
high rates for money during the week, but all the
time they have been encouraged by visions of a large
outpouring of currency in prospect from the SubTreasury. It has been known that Secretary Shaw
was anxious to buy Government bonds in considerable
amounts if he could get them at his price and so relieve the monetary situation. Starting with that fact,
the idea gained currency that private banking houses
were making efforts to collect a round amount of the

The copper

statistics for

the

month

of

September,

week by Mr. John Stanton, are of the
issued
same tenor as those for the months immediately preThey would seem to offer little hope of any
ceding.
immediate improvement in the trade, least of all of a
return to the inflated prices maintained a year ago
and which have been the cause of all the trouble in
Exports continue on a fairly large scale,
the trade.
falling of course much below the exceptional
though
due in 1925, and rumor said that totals reached in the early part of the year. The most
this

4 per cents falling
with the premium paid the money to be let loose noteworthy feature, however, is the high figure at
There
by the operation would reach at least 30 million which production is being maintained.
The report, it now seems, was correct ex- is no indication whatever of any shrinkage in
dollars.
cept as to the total cash involved. Secretary Shaw has, output such as had been counted upon as the result of
it is stated, purchased from the bankers enough of
the great drop in the price. For September Mr.
the issue of bonds referred to above, which, with the Stanton reports the product at 25,788 tons, a monthly
premium paid, will take out of the Sub-Treasury total which has been only twice exceeded and which

about 20 million dollars of currency and fortify
our banks to the same extent. This, with the other
methods of relief which Mr. Shaw had previously
adopted, ought to put the money market in position to
have all the funds needed during the remainder of
the year, unless the speculation, which has recently
received such a decided check, should be encouraged
and revived. We have no doubt been going too fast
That statement does not at all mean that we
of late.
have got to the end of our era of prosperity. If we
could be more moderate the end would be so placed
Nothing in the
as to be nowhere near in sight.
nature of things makes periodic abnormal depression
results of

—

Both are artificial the
a struggle between man's work and natural

and elevation a

necessity.

law.

The monthly statement

compares with 21,580 tons produced in September
1901 and 21,386 tons in September 1900. Exports
reached 13,183 tons as against only 6,419 tons in 1901,
when the outflow was checked by reason of the high
price maintained, and as against 10,425 tons in September 1900. Deducting the exports from the domestic production, we get the following results for
September and the nine months ending with Sep-

tember.
Copper Production.
Tons of 2,240 lbs.
U.S. production

,

September.

.

Jan. 1

-

to Sept.

30.—.

25,788
13,183

21,680 21,886
6,419 10,426

218,281
135.305

199.620
70,110

1900.
200,042
120,201

12,606

15,161

10,081

82,970

129,518

78,841

Production of foreign report0,156
ing mines

9,477

80.115

73.758

65,266

Exports

Remainder

1002.

1901.

lfiOO.

7,146

1902.

As compared with the unfortunate

1901.

situation of a

year ago, the foregoing of course shows a marked
change for the better; otherwise there is nothing very
encouraging in the comparisons. For September the

of our foreign trade issued
the Bureau of Statistics has just now a special excess of production over shipments is 12,606 tons as
by
interest and significance growing out of the condition against 15,161 tons in September, 1901, but as against
Similarly for
of international credit and our foreign exchange only 10,961 tons in September, 1900.
market. The figures for September have been pub the nine months the amount of the domestic producThey bring down these book tion left for home consumption is 82,976 tons, which
lished this week.

Ootobek

THE CHRONICLE.

18, 1902.]

while a great improvement over the result for the
nine months of 1901 when the amount was 129,516
tons, compares with only 73,841 tons for the nine

months

At the same time the foreign

of 1900.

pro-

819

funds and also upon the net deposits exclusive of
the Government, which were stated at
$40,633,400. The computation upon the former basis
lic

those of

showed a decrease

in the surplus reserve of

$291,850,

was 80,415 reducing this item to $1,527,350; with the Government
comparing with 73,758 tons in 1900 and 65,266 deposits deducted from the net deposits the surplus

duction of copper in this period of 1902
tons,

tons the year before.

showed>

decrease Jof $325,825 to $11,685,700.
were increased $2,344,200, presumably

reserve

The loans
Though the annual report of the Brooklyn Rapid through syndicate
Transit Company is rather disappointing in showing $1,068,300 and legal
only a trifling surplus over the year's expenses
charges, there

is

feature in

We

it.

at least

and
one decidedly encouraging

have reference to the steady and

For instance,
the further addition to receipts in the late year was
$602,335 after an increase of nearly $400,000 in
In other words, in the two
the year preceding.
years the total of the gross revenues was raised
over a million dollars—from $11,768,550 to $12,788,168.
The problem, therefore, confronting the management is how to operate the property with greater
economy so that a portion at least of the yearly gains
in receipts may be carried over as a gain in net.
For
the late year the surplus remaining above charges and
expenses is given as only $18,893, which compares
with a surplus of $349,125 for the twelve months prelarge growth displayed in the earnings.

Moreover, this apparently is the result afttr
special appropriations of only $84,428, as against similar special appropriations in trie year preceding ot
$228,678. It would seem, however, as if the amount
Included under these special appropriations in 1901-02
might fairly have been stated at much larger figures.
Evidently there are a number of items which might
have been classed under that head, but which have
been embraced in the ordinary maintenance accounts.
As bearing on that point it is to be noted that for
maintenance of way and structures and for maintenance of equipment combined the expenditures in the
late year aggregated $1,728,058
as against only
$1,270,786 charged in the same way in the year preceding an addition of $457,000, or over 35 per cent.
The report notes that in the expenditures were
"included large amounts spent in extraordinary
repairs
such as bringing surface and elevated
equipment, road-bed, structure and tracks to a higher
standard of efficiency, thereby enabling a more
economical and advantageous operation
of the
lines."
We have stated that the problem before the
management is that of operating the property with
greater economy.
This fact is recognized by the controlling spirits in the company, and we understand
that special efforts are to be made in the future towards attaining that end. Aside from the improve
ment to be effected in that way there is one other
large yearly outlay which it would seem should in the
course of time be materially reduced. In the expenditures of the late year were included no less than $1,094,745 for damages and legal expenses, and in the
ceding.

—

total for the previous

year $1,157,593.

It

is

to be

hoped that damage suits against the company may
become a diminishing item in the future.

There was no change in official rates of discount by
any of the European banks this week. The Bank of
Bengal at Calcutta, however, advanced its rate of discount from 3 per cent to 4 per cent. In the state
ment of the New Yoik Associated Banks last week
the changes in the surplus reserve were computed
both upon the basis of net deposits including the pub-

making the net

Specie was increased
tenders were decreased $1,319,000,
operations.

$250,700 instead of an imwas expected. Deposits were increased $164,600 and there was an augmentation in
The bank statement of this
circulation of $411,600.
week should reflect the arrival of $450,240 24 gold
from Europe and the transfer of $700,000 from San
Francisco for the account of bankers in this city.
The transfers hence to New Orleans amounted to $430,000.
The payments 'J. or the 4 per cent bonds bought
by the Treasury on Friday will be only partially reflected in the bank statement.
It is announced
that $1,500,000 gold "will arrive at San Francisco from
Australia toward the endjof the month; the engagement of this gold has not hitherto been reported.
Washington advices state that the amount of 5 per
cents of 1904 purchased to and including October 15,
when the limit fixed by the Treasury Department for
their offering expired, was $23,500.
About $8,000,000 of municipal bonds have been accepted in substitution for government bonds as pledge for deposits
of public funds, and the United States bonds thus
released have been deposited as] security for circulaportant

tion.
is

gain

loss of cash

as

The amount

of rebated interest

thus far paid

reported at $3,208,923.

On Monday, when

Secretary

Shaw was

in the city,

he opened negotiations with a syndicate of bankers,
composed of the National City Bank, Farson, Leach
& Co., Harvey Fisk & Sons, Fisk & Robinson and
Vermilye & Co., for the sale to the Treasury of
$5,000,000 United States 4 per cent bonds of 1925 at
This Syndicate then expected that they would
138.
be able to procure an additional amount equal to
about $10,000,000 of this class of bonds, which
they could offer to the Treasury at satisfactory
prices, the bonds being obtained by them in exchange for municipal bonds, which exchange they expected to arrange between corporations and individual
holders of the Government bonds. The negotiations
for the purchase of additional amounts of United
States bonds were, therefore, left open by the Secretary until such time as the Syndicate should be able
to perfect their arrangements.
On Friday it was
officially announced by the Treasury Department, in
a circular which appears in fall in the Bank Items
Department of this issue, that the Treasury would
purchase on Friday and Saturday, the 17th and 18th
inst., any United States 4 per cent bonds of the
loan of 1925 and pay for them at the rate of
137| and interest to date of purchase; subsequently
an order was issued providing for the purchase of
such bonds up to the close of Monday October 20.
The deliveries of bonds under the above-noted agreement of Monday last, and also under the circular of
October 17, began at the New York Sub Treasury
about 2 o'clock p. m., and by the close of business on that day $8,253,400, face value, of the
securities had been paid for, involving the disbursement of $11,293,789 05; all of this amount,
of
except $26,000, was paid over the counter

1

.

THE CHRONICLE.

820

LXXV.

[Vol.

the Sub- Treasury; these securities are understood to that
there was
in
transit
for
their account
Syndicate. $1,500,000 gold from Australia, which is expected to
have come from the above-mentioned
Individual or other holders of the 4s of 1925 will arrive at San Francisco by the end of this month.

have an opportunity up to the olose of business on The Assay Office paid $932,175 22 for domestic and
Monday to sell their bonds to the Treasury.
$450,240 24 for foreign gold bullion. Gold received
at the Custom House during the week, $1,493,382.
Money on call representing bankers' balances has Nominal quotations for exchange are 4 83|@4 84 for
loaned at the Stock Exchange during the week at 18 sixty-day and 4 86|@4 87 for sight. Some business
per cent and at 5 per cent, averaging about 9 per cent. was done in short on Saturday of last wetk at an adOn Monday loans were at 18 per cent and at 6 per vance of 5 points, compared with Friday, to 4 8590@
cent, with the bulk of the business at 14 per cent. 4 8610.
On Monday the market was easy and long
The higher rate was due to shifting of loans incident fell 25 points to 4 8275@4 8290, short 40 points to
to preparations for the Louisville & Nashville settle- 4 8550@4 8575, and cables 30 points to 4 8610@4 8625.
ment and also to the disturbed condition of the stock On Tuesday the tone was steadier, with long and
market caused by liquidation. On Tuesday transac cables unchanged and short 10 points higher at 4 8560
On Wednesday the market was easy and
tions were at at 12 per cent and at 5 per cent, with @4 8675.
the majority at 9 per cent. On Wednesday loans were long fell 15 points to 4 8260@4 8275, short 25 points
at 9 per cent and at 5 per cent with the bulk of the to 4 8535@4 8550 and cables 20 points to 4 8590@4 86.
On Thursday transactions On Thursday the market was firm at an advance of 5
business at 8 per cent.
were at 9 per cent and at 6 percent, with the majority points for long to 4 8265@4 8275, of 25 points for
at 7 per cent. On Friday loans were at 7 per cent and short to 4 8560@4 8570, and of 10 points for cables to
The tone was firm on Friday at adat 5 per cent, with the bulk of the business at 6 per 4 86@4 8615.
Banks and trust companies have loaned at 6 vances of from 5 to 10 points. The following shows
cent.
per cent as the minimum. Until Thursday the busi- daily posted rates for exchange by some of the leading
ness in time loans was very light, but on that day drawers:
there were moderately large transactions reported
FRI„
FBI.,
MON., TUBS., Wed., Thur.,
Oct. 10. Oct. 13. Oct. 14. Oct. 15. Oct. 1*. Oct. 17.
with trust companies, the banks generally being out
4 84
83*
83*
S3*
83*
83*
{«>**£ 4 87
Kates are 6 per cent and a com- Brown Bros
of the time market.
86*
£6*
88*
86*
86*
84
83*
80 days
81*
83*
83*
mission, making the price equal to about 7 per cent Baring, & Co. (Sight.. 4 87
Magoun
4
86*
88*
86*
86*
Bank British
60 days 484
83*
83*
83*
83*
for ninety- days to four months, and 6 per cent with
8n*
4 87
No. America.
Sight
88*
88*
86*
86!
60 days 4 84
84
84
84
84
84
out a commission for six months; good mixed Stock Bank of
87
Montreal
(Sight.. 4 87
87
87
87
87
Exchange collateral is required. Commercial paper Canadian Bank 60 days 4 81
84
84
81
81
84
of Commerce.. Sight
4 87
87
87
87
87
87
continues dull, though some business is reported Hetdelbach, Ick 60 days 4 84
Ick83*
88*
83*
88*
elheimer & Co. Sight
4 87
86*
86*
86*
86*
with interior banks. Rates are 6 per cent for sixty to Lazard Freres 60 days 4 84
8"*
83*
83*
83*
Sight
4 87
86*
86*
86*
86*
86*
ninety-day endorsed bills receivable, 6 per cent for Merchants' Bk. 60 days 4 84
81
81
84
84
84
Canada
(Sight.
87
87
4
87
87
87
87
prime and 7@8 per cent for good four to six- months' of
The market closed at 4 8275® 4 8285 for long,
single names.
4 8565@4 8575 for short and 4 8610@4 8620 for'cables.
The Bank of England minimum rate of discount Commercial on banks 4 82 @4 82f and documents
remains unchanged at 4 per cent. The cable reports for payment 4 81f@4 82J. Cotton for payment 4 81|($|
discounts of sixty to ninety- day bank bills in London 4 81£, cotton for acceptance 4 82i@4 82| and grain
(

.

5

.

\

j

(

l,

(

(
i

.

i

J

1

open- market rate at Paris is for payment 4 82|@4 82£.
2| per cent, and at Berlin and Frankfort it is 3£@3£
The following gives the week's
per cent. According to our special cable from London

3^@3f

per cent.

Bank

The

England

£699,162 bullion during the
week and held £34,119,035 at the close ef the wetk.
Our correspondent further advises us that the loss
was due to exports of £505,000 (of which £300,000
were to Egypt, £180,000 to South America and
£25,000 to miscellaneous points), and to £94,000 net
shipped to the interior of Great Britain.
the

of

lost

to

and from the
Wetk Ending

by the

interior

movements

New York

o»

Renived bv Bkipted bv
N. T. Bankt. N. Y. Bank*

Oct. 17, 1903.

Onnenay.

naouey

banks.
M«c««iunt.

14.897,000
1,098,000

Total gold and legal tenderi.

16,403.000
1,841.000

Loss 11.706,000
248,000
Loss

15,790,000

»oi«

17,743,000

Loss. »1, 953,000

With the Sub-Treasury operations the

result

is

as

follows.

foreign exchange market was easy until Thursday, influenced by liberal supplies of commercial bills

and

also

by moderately large

offerlrjgs of sixiy

and

Week Ending

InU

ninety-day drafts representing sterling loans, the ne-

Total gold and legal tenderi.

gotiation of which was

21,200,000

Loss
Gain

|28,0t-0.000

Banks interior morement, aa abore
Sub-Treat, operations

Bank*.

$6,760,000
28,300,000

Oct. 17, 1902.

Ouff

Bunki.

The

128.943,000

Loss.

The

encouraged by the prevailing
firm tone for time contracts in our market. As
money on call grew easier there was an increasing demand for bills for remittance, and on Thursday this
was reflected in firmer rates for sight bills. At the
same time, however, commercial drafts were plentiful, indicating a large

movement

of

breadstuffs

provisions; cotton bills were smaller in

Wednesday.

On

volume

and
after

Saturday of last week the National
City Bank received $199,498 48 and on Monday
$250,741 76, a total of $450,240 24 gold, being
the remainder of the consignment to that bank
from South Africa. J & W. Sellgman & Co. reported

In

fitl

$7,748,000

following table indicates the
the principal European banks.

UJMM«I t«

Ban* Rnidinif

amount

• 1.

953,000

1.100,000

1853000

of bullion

Oct. 17. 1901.

Oct. 16, 1903.

Batik of
Gold.

Total.

£

Gold.

%

Silver.

£

Silver.

:

tUU.
i.

87 177.129
84,11P.036 37,177,129
•ngland .... 84,119,035
101.868,287 44.288.107 146,104 391 94,079,965 43,810.941 187 890,809
rranoe
32.511,000 12.025,000 14,536,000' 30.981,000 18.050.000 43,034.000
aermany....

ftnMta

71,505,000

aui.-Hnna'y
3paln
Italy

16.080,000

78.283,000 66,382,000 5,916,000
67.788,000 45,038 000 10,833.000
83,646,000 14,006,000 10,895,000

46,659,000 12,229,000
14,298,000 19,f50,000

Netherlands,
flat Bels'm.

6,778,000

72 298.000
55,866,000
80,900,000

2,062.800
6.428,600

18.182,800

16,945,000

1,969,8

K)

4,690.000

11.116,600

6.765,800

6,098 9

'"

17,913,500
11.462,200

8,142.667

1.671,388

4,714,000

1,040,867

1,63)338

1.5131,000

rot.thii weet 323.7e 3,999 104670810 428.439.829 312.402,061 98,690,577 411.093.688
Tot. prey. w*k 1324,547.917 1041-09274 429,416,llU313.871.C0 99.8P7.78l 418.208.791
!

—
October

THE CHRONICLE.

18, 1902. J

THE UNITED STATES STEEL CORPORATION
AND JUDGE VAN SICKEL' S OPINION.
the written opinion of Justice Van
Sickel on Saturday last in the oase of Miriam Berger
against the United States Steel Corporation, sets at

The

filing

of

any doubt which had existed with reference to
the scope of the decision. Ever since the announce-

rest

ment
tion,

of the Court's findings in favor of the corporait

has been a question

Now

reached.

that

how

judgment

far its

we have the opinion

in full, the

conclusions arrived at by the Court seem broad enough
Justice
to cover the whole plan of the management.
Van Sickel apparently finds sufficient in the undis-

puted facts in the case and in the Act and amendments to the statute under which the company is
organized to support every detail in the proceedings
of the corporation's directors, except the charge of
fraud in misstating values, etc., raised in the Hodge

which haB been argued but not decided.
His manner of disposing of the plaintiff's claim of
injury by reason of the proposed conversion is quite
We have many times expressed our own
decisive.
embarrassment in endeavoring to discover the claimed
grievance the scheme could cause a stockholder. A

suit

holders, that
well

821
the rights of

the minority should be
Bat in recent years

guarded and considered.

have been many cases brought before the
courts where the kickers had no equity at all ; they
have represented a few hundred shares or less and
have claimed notice and sympathy because of their
very insignificance. The under-dog idea, especially
when small, has been pleaded successfully. That
kind of a case, however, is almost always a hold-up
Stopping the carrying
for the purpose of blackmail.
out of a scheme which has been voted for by an overwhelming majority of the stockholders at a meeting
held to consider the matter should always be discouraged by our Judges and thrown out of court unless the law has clearly been violated.
Coming dawn then to a consideration of the law
governing the matter at issue, the opinion states that
the question to be solved is whether the Act and the
amendments to it under which the company was
organized contains a grant of power to retire stock in
the manner adopted by the Board of Directors. The
there

enabling act provides that it and all amendments to
the act shall be a part of the charter of every corporation

formed under

The

it.

Court, after a lengthy

consideration of the statute and

its

amendments,

"

that this legislation favors
plan that retired a set amount of a seven per cent reaches the conclusion"
issue of a five per the
capacity
corporations
of
to
retire
cumulative preferred stock by the
their
bond/while getting also 50 mlllion'dollars of fresh shares by a two-thirds vote of the stockholders
cent
capital, and doing it all so as to make the call on thereof." The complainant insisted that the words

net revenue thereafter to pay the five per cent interest on the bond and the seven per cent on the remaining amount of the preferred stock, less in the

aggregate than before

(each pre-

conversion

the

have his prolooked to us not merely
portion of the bond issue),
harmless, but as beneficial to all interests.
The proposal, as stated, not only retired the highrate cumulative preferred stock, but was likewise
devised so that if completed it would also bring

ferred stockholder,

Into the

if

he so

Treasury of

elects, to

the corporation

50

million

used

law confering the authority to
were not indefinite, as if it had read any
amount of shares, but specific " certain shares "
whioh he claimed meant certain designated shares.
But the Court holds that the words could not be so
construed; that if they were, such construction would
give the majority the power to make an unjust discrimination by selection against the minority who
might desire to accept the bonds, and cannot- be
reasonably deemed to have been the legislative intent.
" The resolution could do no more than declare what
In

the

retire shares

—

money, which fresh money the management said was necessary to carry forward certain
developments that would materially decrease the cost
this was another
its products;
of manufacturing

number

attainment that looked to us, in the light of possible
future events, as highly desirable and advantageous.
Now, the Court adds, that it cannot be expected in
view of the fact that more than 99 per cent of the
stockholders in attendance and represented at the

the proceeds thereof, to effect the purohase. On that
point the Court holds " that the right to purchase
carries with it the right to make such terms as can be
agreed upon by the vendor," which it is shown in-

dollars of

fresh

—

that

is

company desired to retire," and
has done. But it was further con-

of shares the

what

it

tended by the complainant that the corporation was
without authority to issue bonds with which, or with

cludes

" the

right to

buy on

credit;

and the right to

meeting at which the matter was considered voted in create a debt also carries with it the right to secure it
"that the by mortgage."
favor of the resolution for conversion
Another point raised by the plaintiff and passed
Court should be impressed with the belief that the
upon by the court was the claim that'the syndicate of
complainant will suffer any substantial injury by the
bankers which was to receive ten million dollars for
consummation of the scheme."
Of course, however, that condition would not settle its services were being overpaid. With relation to
the plaintiffs' status in this case, nor dispose of the this feature of the arrangement the opinion stated
issue before the Co art.
Justice Van Sickel very truly "that individual stockholders cannot question in
saya that "nevertheless, if it appears that the proposed judicial proceeding corporate acts of Directors, if the
action is without legal authority, the complainant can- same are within the power of the corporation, are not
not be denied the relief she seeks." At the same time unlawful, or against good morals, and are done in
he adds that "in passing upon this controversy the good faith in the exercise of an honest judgment.
greatest care must be observed that this overwhelming The manner in which a duly authorized plan is carried
majority of the shareholders are not deprived of their through is part of the business of the corporation, and
rights by the veiy few dissentients." That last clause in the absence of fraud or bad faith is not the subject
strikes us as stating a condition which always should of judicial control to any greater extent than other
have more consideration by the courts than it business of the corporation. The court cannot sub-

—

often gets now-a-days.

when

the

embraces

opposition
a

large

It

to

is

judgment for that of the Directors and a
scheme majority of the stockholders, and say that a less
security expensive plan could have been successfully adopted.'

obviously reasonable,
a

proportion

proposed
of

the

stitute its

—

:

THfc

822

CHRONICLE.

[Vol.

LXXV.

The fact of the matter is that in the business woild ably a formal matter, since the same miners voted
when a man gets on top, actually on top, noted the on Tuesday of last week, to leave the whole matter in
world over not only or even chiefly for his wealth, but
for his open ways of corporate management, unswerving integrity, abnormal talent in the conduct of mone-

and for these reasons in command of
unlimited capital in Europe and America, the renumeration alloted to the syndicate that underwrites
an enterprise having such a head to its management
and requiring over a thousand million of dollars in its

tary affairs,

hardly subject to nor can It be determined by the same standard that governs in ordinary
transactions.
The requirements called for and risks
organization,

is

assumed throw

it

into a class by itself.

SETTLEMENT OF THE COAL STRIKE.
would not be accurate to describe the settlement
of the anthracite coal strike, on the lines approved
n either for the mine-owners
this week, as a " viotory
or the miners. What is recognized on all sides is that
the strike was ended by the overwhelming pressure of
public opinion, which exerted itself on both sides in
the controversy and demanded that some ground for
resumption of work be found.
Now that the so-called basis of compromise has been
reached, it may be seen that its terms really go no further than propositions made earlier in the contest. At
the time of the White House conference of October 3,
the representatives both of the operators and of the
It

miners submitted their respective ultimatums. The
operators made the following offer through Mr. Baer
" If the employers and employes at any particular
colliery cannot arrange a satisfactory adjustment of
any alleged grievance, It shall be referred to the
judges of the Court of Common Pleas of the district

the hands of Mr. Mitchell.

But who guarantees the performance

of their pledge

by the striking miners? If the commission were to
decide against the operators on every one of the disputed points it is none the less certain that the com-

They would do so,
the requirements thus laid down were such as

panies will respect

its

decision.

even if
do away with all present profit in the mining business. On this point nobody entertains the least misgiving.
But how are the miners or their Union
bound? That they will go to work again, even with the
commission's decision against them, may be taken
for
granted.
Bat the arrangement is, by the
terms of compromise, to continue during the three
coming years. Within that time the present Union
may dissolve; the thing has happened before. A rival
organization may be constructed in the coal fields.
The men in one mine or another may strike on their
to

own

the kind

We

assuredly hope that nothing of
happen; but we are pointing out ready

Initiative.

may

which

be

recognized as such by
now, because they appear to us to be the flaw in every arbitration scheme
under present conditions, and to cast some very conpossibilities,

every reader.

siderable

will

We name them

doubt on the predictions of some who assert

that solution of all future labor troubles has been

found.

Is

That the new arbitration commission, if its award
and reasonable, will in some respects create an

just

:

in

which the

colliery

is

situated for final

deter-

mination/'

The

miners' offer submitted to the President was as

follows

We

propose that the issues culminating in this
strike shall be referred to you and a tribunal of your
own selection, and agree to accept your award upon
If you will acall or any of the questions involved.
cept this responsibility, and the representatives of the
coal operators will signify their willingness to have
your decision incorporated in an agreement, for not
less than one year or more than five years, as may be

mutually determined between themselves and the
anthracite coal mine workers, and will pay the scale
of wages which you and the tribunal appointed by
you shall award, we will immediately call a convention and recommend a resumption of work, upon the
understanding that the wages which shall be paid are
to go in effeot from the day upon which work is resumed.
It will thus be seen that the arbitration commission
which is now to adjust the questions in dispute is
really an outcome of the propositions of both parties.
That its findings will be respected by both sides may
therefore be taken for granted. But as to its value as
a precedent, there are some things which we wish to

important precedent, is very likely true. This precedent would apply to technical disputes such, for
example, as arose this year in connection with the
methods of weighing coal turned out by miners.
Such questions have honestly harassed and perplexed
the mine-owners themselves, and there may be permanent value in a deoision by a really impartial and
ccmpetent^tribunal. But that the question of wages
should be submitted continually to this or any other
outside arbitration board, is something which does not
appeal to us as practicable. On what lines of argument
are the arbitrators to proceed in passing on such a

—

There

no

and normal relation between the labor cost in a given industry and its return
to capital ; nor do we believe that any body of experts
oould determine such relation. It needs but a moment's thought to see in what complications we should
be plunged by assuming that it could. Within certain
undefined but well enough recognized limitations, the
question

principle

?

is

is

fixed

established that, as profits of industry are

reward is also greater.
be assumed that payment to labor must be
increased pari passxi with payment to capital In a year
or two of exceptional activity, then it may properly be
asked, is labor prepared to accept the converse propolarger, labor's

Bat

if it

Every one knows that it is not. Nothing is
better established in the whole industrial history of
this country
of the mines and railways particularly
point out.
The offer made by the coal-mining company officers than the fact of recurring periods of years when
last Monday, and subsequently somewhat modified, corporate capital gets little return or none at all, but
was instantly recognized by every one as having, if when labor goes on earning returns but slightly less
accepted, the binding force of a formal contract. than what it received in aotive times. The Reading
The word of the gentlemen who signed the document Company itself Is a notable case in point. Eight years
was as good as their bond, and they were able to per- ago the company was bankrupt. Not only was it
form what they contracted for. What is the status true that capital invested in the property received,
It is endorsed by Mr. John through a period of years, no return at all, bat in
of the miners' agreement.
Mitchell, whose approval is to be duly ratified by a 1894 the revenues of the year fell nearly $2,000,000
convention of the miners. That convention is prob- short of paying Interest on its debt. It would be absition.

—

OOTOBEK
•ard to say

18,

THE CHRONICLE.

1902.]

tear,

labor shared equally in this extreme

I&

may not

823
be generally

known

that in point of mile-

But the fact that it did not, certainly has age the Burlington & Quincy is one of the largest syssome bearing on its normal share in a period of un- tems in the country. On June 30 1902 it embraced (inusual prosperity.
cluding 229 miles of narrow-gauge road) 8,353 miles.
We regard all this, however, as unprofitable argu- This compares with 8,171 miles operated on June 30
ment. The core of the matter is, that the wage level 1901. Both figures include the 203 miles of the Kancannot be dictated by outside arbitrators any more sas City & Omaha Railway controlled by the Quincy,
than labor can be compelled by such dictation to con
which road, however, was not included in the previous
tinue working in a given trade and at a given price. year's accounts. The average length of road operated
On this point the operators very wisely and properly during 1901-02 was 8,109 miles and during 1900-01 only
laid great weight last Monday, upon the fact that they 7,753 miles.
Of the increase of 356 miles, 203 miles,
made their concessions, not to the miners, but to the as just mentioned, represents the Kansas City &
general public, whose need had become sufficiently Omaha, which in the year ending June 30 1901 earned
serious to require exceptional measures of relief.
only $247,063 gross and $93,594 net. The rest of
Refusal of the companies to make such concession the increase was mostly new road, with undeveloped
through a formal offer to the union, and their positive traffic.
depression.

assertion that their non-union employes will be protected, were in the line of proper

and necessary

policy.

could have hereafter been asserted that the companies had surrendered to the Union, we should have
If it

looked on the event as an unmitigated calamity.
Abandonment of the independent miners who have

A

very important source of gain in the late year

was the passenger department, the passenger earnings having improved almost 1| million dollars

The addition to
was $2,409,859. What makes

($1,232,521).

the freight receipts

the latter increase
occurred in face of a
stood by the companies through their hour of trial very considerable decline in the average rate received.
would have been more than a calamity. That the Most reports that have come to our notice for the
companies, while granting a large concession to the same fiscal year have shown a rise in the average rate,
needs of outside consumers whose distressed situa- due to the fact that the elimination of so much grain
tion the companies did not cause should have pre- tonnage diminished the proportion of the class of
served so completely the dignity of their own position, freight bearing especially low rates. In the case of
is a cause for thankfulness.
the Burlington & Quincy the result is reversed. The
company's average per ton per mile for 1901-02 is

—

especially significant

is

that

it

—

CHICAGO BURLINGTON & QUINOT
SHOWING.

The

striking fact in the annual report of the ChiBurlington & Quincy Railroad Company for the
cago
twelve months ending June 30 1902 is that the income
account shows a very substantial surplus (in amount
1£ million dollars) over and above the full interest at
4 per cent on the Northern Pacific- Great Northern
joint collateral bonds issued to take up the old Burlington & Quincy stock. These joint bonds, as will
be remembered, were issued on the basis of $200 in
bonds for $100 stock. To say, therefore, that there
is a surplus above the interest on these bonds is the
same as saying that the company earned 8 per cent on
its stock and had left over a balance in the sum mentioned.

The achievement must be considered

a particularly

noteworthy one in view of the fact that the result was
attained in a year of decidedly unfavorable traffic conditions in the territory traversed by the company's
The Burlington'& Quincy is the largest cornlines.
carrying road in the country and last season's drought
In the Western grain-producing States was one of the
most disastrous on record. The resulting shortage of
production was particularly pronounced in the case of
corn, many sections having suffered so severely that
they did not have enough corn for local use, let alone
any for shipment to market. In the past the Quincy's
earnings have varied almost directly as the size of the
corn crop, a failure of that crop generally meaning a
large falling off in earnings.
Not so in the year under
Gross earnings rose from $50,051,988 in
review.
1900-01 to $53,795,245 in 1901-02 and net earnings

found to have been only 7*72 mills as against 8*62
mills in 1900 01.
This it will be seen is a shrinkage in the ton mile
Coming at a time
earnings of over 10 per cent.
when so much of the low- rate tonnage was cut off, it
would seem to indicate an increase in the proportion
of long distance, or through freight, on which the per
ton mile rate would necessarily be lower than on
This view is
freight having only a short haul.
sustained furthermore by the fact that the number of
tons of freight carried one mile in 1901-02 increased
Of course the activity and prosfully 19 per cent.
perity of trade all over the United States has been an
important factor in these gains in traffic and earnings,
but must we not also suppose that the alliance with
the Northern Pacific and Great Northern likewise
yielded important benefits in the way of additional
traffic ?

We have

heard suggestions that the increase in op-

erating expenses looks small alongside the large in-

We have already seen that
augmentation in expenses was only $1,613,967 on
the
an addition of $3,743,256 In gross earnings, yielding a

crease in gross receipts.

gain of $2,129,289 in net earnings. The ratio of expenses to gross earnings for 1901-02 was only 66*33
per cent, as against 68*07 per cent for 1900-01.

The

thought underlying the criticism is, of course, that
there may have been curtailment of the maintenance
outlays.
Examination, however, of the details of the
operating expenses goes to show that economy and
efficiency have been the main elements in the good
showing made as to expenses. It happens that for
Maintenance of Way and Structures less was spent
from $15,983,081 to $18,112,370. There was some in than in the preceding year, but on the other hand the
crease in the length of road operated, but the ad- expenditures for Maintenance of Equipment were
ditional road can have had only a light traffic at best. very much larger, so that the aggregate of the mlanHence the amount of the increase contributed in that tenance expenses under both heads was $15,517,way could have been only a small portion of the 299 for 1901-02, as against only $14,770,901 in
whole.

1900-01.

THE CHRONICLE.

824

In Cost of Conducting Transportation there was an
Consider
increase from $16,179,511 to $17,336,771.
ing the increase in length of road operated, the higher
wages and larger cost of fuel and the enormous increase in the company's traffic, both passenger and
freight, the augmentation here was smaller than it
must have been if other things had remained the

[Vol.

LXXV,

mentioned. On July 1 1903 the $21,699,200 of. 7 per
cent consolidated mortgage bonds will mature. These
bonds can, of course, be replaced by others bearing,
3£ per cent interest. The saving, therefore,
one item alone after the end of the current
year will be $759,972 per annum. There are

say, only

on

this

fiscal

also some other amounts of bonds that fall due in the
must nearjfuture— $342,200 of 5s, September 1 1903, $2,320,we
same. It is
seek the cause for the saving and economy disclosed. 000 of 5s February 1 1905 and $5,000,000 of 7s JanuOn examination the explanation is found to be very ary 1 1907.
simple.
With 742£ million more tons of freight one
than in the preceding year, there was actually THE LARGER 81. LO UIS & SAN FRA NCISCO.
mile
a reduotion of 843,845 in the number of miles run by
The St. Louis & San Francisco has been practically
the trains, the freight train mileage having decreased transformed during the last two or three years
from 19,168,750 to 18,324,905 miles. As a conse- through the acquisition and building of a very exquence of this saving in train mileage, the cost of tensive amount of additional road. The present report
train service (this being one of the items in Cost of covering this greater system, therefore,deals with larger
Conducting Transportation) was really a trifle less in figures in every way larger traffic, larger earnings,

under this head, therefore, that

—

1901-02 than in the year preceding, being $2,122,813
against

as

$2,134,889.

has been looked forward to
interest as affording light on the
existing situation of the property.
The report meets expectations both in the results
disclosed and in the elaborate way in which all the
accounts and operations are stated. Indeed, in this

larger charges, etc.

It

At the same time nearly with considerable

the other items grouped under the head of Conducting Transportation record normal growth. The

all

conclusion hence seems inevitable that another benefit

from the new control has been the introduction
of methods for which the Great Northern has long latter particular it is difficult to see how it could be
been distinguished and the Northern Pacifio latterly improved, or to note any essential item which has
has also become distinguished methods directed par- been omitted. Every detail of the year's transactions
As a result of is set out at length, and the tables regarding debt
ticularly to increasing the train load.
the late year's decrease in train mileage the average and finances surpass anything of the kind of which we
load on the Burlington & Qaincy was raised from 202 have any knowledge.
With it all we have the certifi-

rising

—

tons to 252 tons, indicating very plainly special efforts

cate of Mr. Stephen Little attesting

In that direction.

all

the accuracy of

the statements and accounts.

We

have said above that the company showed a
The report embraces what may be termed the opermillion dollars above the interest on the ations of the "System" as distinguished from the St.
surplus of 1£
Northern Pacific- Great Northern joint bonds. The Louis & San Francisco proper, with which alone
Of course it does not comreport gives the amount of this surplus as $1,263,389 previous reports dealt.
this being the remainder after allowing for the in- prise the accounts of the Chicago & Eastern Illinois
terest referred to and for the 6J per cent dividends Railroad, since that property was not acquired until
paid on the small amount of Qaincy stock not yet ex- after the close of the fiscal year. It does, however,
changed for the joint bonds. But another fact should include the traffic and income of the Kansas City
not be overlooked. The Qaincy has always been noted Fort Scott & Memphis, the Kansas City Memphis &
for its large contributions to sinking funds. The same Birmingham, the Fort Worth & lilo Grande and the
element, of course, was present in the late year. The Red River Texas & Southern Railway. As indicating
direct contribution to these funds during the twelve what a great change this involves, it may be noted
months was $623,131, while $566,011 more accrued that the average mileage of 1901-02 is 3,262 miles,
Al- as against an average of only 1,686 miles shown in the
as accretions on the securities held in the funds.
The gross inoome runs close to
together, therefore, $1,189,142 was added to these report for 1900 01.
funds during the year. The surplus of $1,263,389 on 22 million dollars, as against only a little over 10^
the year's operations remained after these large con- million dollars; the net income 7£ millions, against
less than 4 millions ; the charges about 4| millions,
tributions to the siDklDg funds.
The company had $2,087,000 of 5 per cent sinking against 2£ millions, and everything else in proportion.
If we were limited in our study and analysis to the
fund bonds which matured October 1 1901. These
were paid and the securities held in that particular larger results of the late year contrasted with the
fund amounting to $2,436,097 were covered into smaller results of the previous year, the comparisons
the company's treasury. But even after such deduc- would not possess much value. Fortunately, figures
tion the amount to the credit of the sinking funds on for 1900-01 have been incorporated in the present reJune 30 1902 still was $20,352,290. The company port covering substantially the same mileage as
issued $7,578,000 of new Illinois Division 3£ per cent that which forms the basis for 1901-02, the only
bonds of 1949 to represent various additional road difference being the increase brought about through
Stated
built or acquired, but the net addition to the funded the opening up of certain pieces of new road.
debt during the year was no heavier than $4,868,100 in brief, the average length of road for 1901 02 in
by reason of the large amounts of bonds purchased or these comparisons is 3,252 miles as against an average
Arranged In that way,
cancelled for the sinking funds or paid at maturity of 2,923 miles in 1900-01.
there is an increase of $2,296,603 in gross earnings,
out of assets in those funds.
The current fiscal year the Burlington & Quincy accompanied by an augmentation of *2,062,582 in

—

—

will of

—

course have favorable

traffic

conditions, the

1902 corn harvest having been excellent both in its
One other fact
territory and the oountry as a whole.
bearing on the future of the company deserves to be

net earnings of $234,020.
particularly gratifying feature is that the passenger
as well as the freight department furnished an imporIn fact, over half a million
tant amount of increase.
expenses, leaving a gain in

A

October

THE CHRONICLE.

18, 1902.J

dollars (1500,763) of the

improvement was

in the pas-

already

825
rendering

stated,

it

impossible

to main-

on
average
The grain tonnage for the
commercial freight.
ing been $1,685,571.
With reference to the augmentation in expenses year aggregated only 602,467 tons as against
which consumed so large a part of the addition to the 879,244 tons in the previous year (the corn tonnage
and there was
gross receipts it is to be said that a considerable having been cut almost exactly in two),
portion of it ($1,469,243) wa8 in the cost of Conduct- also considerable falling off in the hay tonnage. The
ing Transportation, but a further large amount was gain in fruit and vegetables and in cotton served to
senger earnings, the gain in the freight earnings hav-

tain

the

previous

load

train

year's

occasioned by increased expenditures on maintenance offset only a very small portion of this large loss. The
account. For instance for Maintenance of Road and average rate per ton per mile was a little higher, due
Structures $354,431 more was spent than in the year to the same circumstance. The road got no larger
preceding, and for Maintenance of Equipment $206,- compensation on its freight, but its average was raised

902 more, making together $561,333 addition under slightly by reason of the diminution of the proportion
those heads. The expenditures for Maintenance of of the low-class freights.
Another year the mileage and accounts will of course
Koad and Structures averaged for the late year $916
per mile of road operated as against $898 per mile in be on a still larger basis. We have already referred
the previous year and the expenditures for Mainte- to the acquisition of the Chicago & Eastern Illinois
nance of Equipment $680 per mile against $686 the made since the close of the fiscal year. That road, as
two combined thus being $1,596 per mile as against will be remembered, has been acquired by the issue

—

$1,584 per mile.

Repairs and renewals of locomotives by the St. Louis

averaged $1,751 per engine (against $1,498 the previous your), $804 per passenger car and $54 per
This last item happens to be $6 less than
freight car.
in the previous year, which decrease is accounted for
by reason of the purchase of large numbers of new
freight cars.

& San

Francisco

Company

of stock

the rate of $250 for each $100
Eastern Illinois common stock and
share of
$150 for each $100 of preferred stock. These stock
trust certificates bear 4 per cent interest, and the
trust certificates at

Chicago &

annual report of the Eastern Illinois recently issued
shows that on the basis of the last year's earnings the
Eastern Illinois would be able to pay the 4 per
cent out of its own income. The St. Louis & San
Francisco also has considerable other mileage which
did not figure in the late year's results but presumably
will count in the current fiscal year's results.
We have in mind particularly the new mileage
which is being provided in Oklahoma. There are two
Important stretches of new road being built there.

Of course the point in the income account concerning which the most interest has been felt is as
to the relation of income to charges and dividends
under the great changes in the size of the property
With the increase in
which have been goiDg on.
bonded debt and other obligations, does the income
statement still show a satisfactory margin of profits?
The answer to this question must be in the affirmaAfter providing for all interest, rentals and Thus there is the BlackwellEaid & Southwestern Ry.,
tive.
other yearly fixed charges there was a balance of in- which is to extend from Blackwell, O. T. to Vernon,
come on the operations of the twelve months in the Texas, a distance of 251 miles, of which only 84 miles,
sum of $2,277,479. The dividends at the rate of 4 between Blackwell, Okla., and the Choctaw Northern
per cent on the amounts of first and second preferred Railway crossing, had been turned over, and figured
stock outstanding called for only $805,281, leaving a at all In the late year's accounts, and then only since
clear surplus of $1,472,197.
No dividends have been the first of March. The San Francisco will pay
paid on the common shares, but this surplus is equal $18,000 per mile of main track for this road in its
to 5 per cent on the 29 million dollars of such com- refunding mortgage bonds at par.
The company also
mon stock outstanding.
purchased the Oklahoma City & Western Railroad,
The showing must be looked upon as especially satis- extending from Oklahoma City, O. T., to Qaanah,
,

mind that traffic conditions during Tex., a distance of 184 miles. The price In this
the twelve months in question were by no means al- instance is $17,000 per mile of completed road, totogether favorable. A reduced tonnage in agricul- gether with such additional amount as shall have been
factory, bearing in

expended for equipment ; 39 miles of this road was
harvests of 1901 was one of the adverse factors the turned over on June 22 1902.
Oklahoma, as we all
road had to contend against. This remark applies of know, is a very fertile territory, and the new road
course to all roads in the West, but it applies with should be the means of providing considerable new
tural traffic as the result of the

markedly

deficient

particular force to those situated In the Southwest,

sources of traffic

Louis & San Francisco, for in
the country the drought and crop
shortage were exceptionally severe, the corn crop in
Missouri and Kansas for instance having in 1901
been an almost complete failure.
This drought
and crop shortage operated in a double way
to curtail the year's net income, first by cutting off a
large volume of tonnage, and, secondly, by adding to
the expense of moving the rest of the tonnage. That
is the explanation of the diminution of 13 tons in the
average train load.
The newly acquired mileage
necessarily had a lighter business than the old mileage, but at the same time during the drought season,
which extended into the fall and winter months, the
company was obliged to haul water long distances,
adding at once to expense accounts, while, as

Yoakum

Buch as the

that part of

St.

and income.

We

see that President

expected that the additional mileage in process of construction will add to the earning
power of the lines already built and at the same time
be self supporting. He also notes that the conditions
the current season in most of the territory tributary
to the company's lines were favorable (as is known)
for good crops, so that a continuation of heavy traffic
is

states

it is

assured.

From

the elaborate tables given in the annual report
appears that the company's capitalization per mile
of road (brought down of course only to June 30,
it

1902) still continues light.
per mile is heavier than

The bonded indebtedness

it was before, owing to the
bonded obligations in payment of the stock of
such roads as the Kansas City, Fort Scott & Memphis
and the Fort Worth & Rio Grande, but the same

issue of

THE CHRONICLE.

826
process has tended to reduce the

amount

of stock per

Altogether the bonded indebtedness and capital
stock outstanding averaged $52,059 per mile on June
30 1902, on the 3,286 miles of road then embraced, as
against $54,609 per mile on the 1,704 miles reported
mile.

[Vol.

LXXV.

the train earnings meaus is of course
within the ken of every one, and therefore it is not
necessary to enlarge upon the fact. As illustrating,
crease In

how

and net, have
expanded as the result of the activity of trade and the
development of increasing economy and efficiency in
on June 30 1901.
operations, it is well enough to note that in the five
THE ERIE REPORT.
years gross earnings have risen from $31,497,031 to
The Erie Railroad report evidences the fruits of $40,894,434, and net earnings from $8,164,788 to
good management and of business prosperity the $12,717,834 the improvement ia this last instance
same as the reports of other large railroad systems. being considerably more than 60 per cent.
That additional facilities and additional capital exFor the year under review, that is for the twelve
months ending Jane 30, 1902, it would seem from penditures were necessary for the increased business
the accounts that the company actually earned reflected by these larger earnings follows as a matter
something for the common stock. Considering the of course. It may though be somewhat of a surprise
checkered and varied career the property has had in for the reader to hear just how much money has been
the many reorganiza- spent in that way. In the year under review $1,373,its long and eventful existence
tions it Uas undergone, the repeated additions to 524 was paid for new construction and charged to
capital in that way, the many misfortunes endured by capital account, and $3,200,014 was paid for additit in its early history, the bad and fraudulent man- ional equipment, making together for this one year
agement with which it was repeatedly afflicted, over 4£ million dollars. Taking the period since the
together with the numerous other drawbacks en- reorganization of the company, that is from Decemcountered, one after another bearing all this in mind, ber 1 1895 to June 30 1902, no less than $14,098,552
the fact that something should have been earned on has been expended for new equipment and charged to
the common shares is certainly an achievement of no capital, and $5,811,878 for new construction, making
however,

greatly earnings, gross

—

—

—

roughly 20 million dollars combined. The new equipfor even ill-favored properties to make in this country ment bought embraces over 15,000 new freight cars,
when once business activity gets under full headway. in addition to 204 locomotives from which an idea
When we say the accounts indicate a dividend was can be gained of what had to be done to meet the
earned we do not of course mean that a dividend is company's expanding requirements.
The net earnings from operations the late year, as
The surplus which could be figured out
to be paid.

mean

order.

It illustrates the

advance

it is

possible

—

be put to best advantage when it is already stated, were $12,717,834.
The amount was
employed in further strengthening the property. further swelled to $14,663,041 by income from securities
Other large systems have found such a step neces- owned, etc. The call for interest and rentals for the
in that

way

will

and the need in the Erie case is perhaps a little
more imperative than in the case of the others, since
in the past it has never had much money that could
be employed in that way, and its condition notwithstanding the great improvement effected in recent
sary

years

is

not yet such that contributions of that kind

can be safely withdrawn.
A great deal has been accomplished the last few
years in the way of raising the property to a higher
plane, and also in the way of operating it with increasing efficiency and economy. Indeed, results are
now being attained which a few years ago would
hardly have bee a deemed within early reach on the
Erie considering the disadvantage and disabilities
under which it has labored. For instance, the average
train load through careful management has been
raised year by year, and now compares favorably with
that of roads particularly distinguished in that way.
In 1896-97 the average load, including company
freight, was only 291 tons ; in 1897-93 there was an
increase to 312 tons; in 1898-99 to 335 tons; in
1899-1900 to 392 tons ; in 1900-01 to 400 tons, and for
the late year, 1901-02, this average was maintained at
substantially the same figure notwithstanding certain
circumstances tended to reduce the same. On the Erie
proper that is without the Nypano and Chicago &
Erie the train load the last two years has averaged
451 tons.
As a consequence of this addition to the load,
aided also by some improvement in rates, (the average
rate per ton per mile in 1901-02 having been 6 '35

—
—

mills,

against 5 -87 in

1900-01,

and 5-96

mills

in

twelve months was only $10,278,364, showing a remainder of $4,384,677. The amount paid out in
dividends was only $1,436,772, leaving a surplus on
the year's operations in

extent of $2,947,905. This,
it will be admitted, is a considerable sum for a system
which only a few years ago was in bankruptcy and

seemed then to have

little

chance of ever being raised

The allowance for dividends
semi-annual dividends of 1^ per cent each
covers two
on the company's first preferred stock. Had the full
4 per cent been paid to which this first preferred
to a prosperous basis.

is entitled, and had 4 per cent also been paid
on the 16 millions of second preferred stock, the
call would have been $2,555,696.
But even then there
would have remained a balance of $1,828,981, equivalent to over 1$ per cent on the $112,378,900 of Erie
common stock and this furnishes the confirmation
of the statement made above, that the year's income
accounts can be interpreted to show something

stock

—

earned for the

The

common

stock.

result will appear all the

more notable when

it

borne in mind that last year's agricultural disaster
necessarily involved a reduction In the tonnage of
grain, flour and other mill products, also in fruits and
is

vegetables,

all

long-distance

traffic.

Furthermore,

the twelve months under review cover pretty nearly
two months of the coal strike, which strike began, as
will

be remembered, on

May

12.

The

anthracite carrier

and by reason

anthracite tonnage

fell

of

Erie

is

a large

that strike

its

237,016 tons below that of the

preceding year, though even then it aggregated 6,003,305 tons. One thing needs to be said in qualification

of the large surplus of earnings shown for the twelve
$2 39 per mile run, as against no more than $1 64 per months. This surplus would seem to allow for only
mile run five years before, in 1896-97. What this in- $249,501 for additions and improvements that is,

1896-97) the freight trains in the late year earned

—

.

October

THE CHRONICLE.

18, 1902.]

827

amount for work of that kind was included peake & Ohio continued to suffer from the bituminous
The sum of coarse is small for a system coal miners' strike in West Virginia. Moreover a
the size of the Erie and likewise small in contrast favoring circumstance which was present the previous

only that

In expenses.

of

with the amounts appropriated out of the earnings on
that account by other prominent systems. The circumstance emphasizes all the more the need for applying surplus earnings to that [[end rather than in
distributing them in dividends to the shareholders.

—

we
mean the Pan-American Exposition at Buffalo.
Finally the month of August had one working day
less than the corresponding month in 1901, it having
year was altogether missing the present year

contained five Sundays where last year there were
The accounts are stated in a new way in the present only four.
report, making it possible to see the precise sum
We furnish below a list of all changes, whether gains
spent for suoh additions and improvements and in- or losses, exceeding $30,000 in amount, in gross and
cluded in expenses. Maintenance outlays (in which net for the separate roads. It will be observed that
the allowance for these additions is included) were in the gross the losses mostly come from the anthracite
much smaller in 1901-02 than in 1900-01 and still coal roads, together with the Chesapeake & Ohio,
smaller in 1899-1900, indicating that the contribu- which suffered from the West Virginia strike.
On
tions in that way were on a greatly reduced scale.
As the other hand, the losses in the net, as already pointed

improvements charged out, are much more numerous and comprise many
to expenses in 1900-01 was $1,153,540, and in 1899- roads in other sections of the country.
a matter of fact, the

1900

$1,177,040,

amount

of

against

as

the

$249,501

PRINCIPAL OHANGMS IN

for

GROSS

1901-02.

Pennsylvania RR.t. .. $1,275,100
914,295
479,677
435.633
424,411
836,252
<fc
275,892
273,424
217,326
206,003
<fe
191,628
97,380
94,006
85,427
84,111
76,154
72,800
71,052
67.953
65,080
56.827
52,515
Wheeling A L. Erie....
48,521
Buff. Booh. A Pitts.
45,313
Wisconsin Central....
44,646

Other important and very desirable changes in the Ohio. B. I. A Pacific.
Baltimore & Ohio
method of accounting have been introduced. For in- Canadian Paolflo
Southern Ball way
stance, the earnings and expenses of the rail lines are LoulsvlUe A NashvUle
Western
Norfolk
shown separately, and so also are the earnings and ex- St. Louis A San Fran..
Wabash
penses of the Water Routes, of the Shipping and Coal Union Paolflo
Quinoy.
Ohio. Burl.
Storage Plants and of elevators, stock yards, etc. Mtnn.St.P.&S.Ste.M.
Hooking Valley
This enables the officials, as well as the outsider, to see Nash. Ohatt. & St. L..
what each branch and department by itself is doing. Central of Georgia
Yazoo A Miss. Valley.
Phil. Wilm. A
The balance sheet now furnishes comparisons with the Gr. Trunk Sys.Bait....
(3 rMs).
Atlantic Coast Line...
previous years, and in other respects the report has Kansas City Southern
Colorado A Southern.
been greatly improved.
Mo. Kana. A Texas...

W. Jersey

RAILROAD GROSS AND NET EARNINGS
FOR AUGUST.
August make
an unfavorable comparison with last year. As far as
the gross earnings are concerned there is an increase,
notwithstanding the losses on the anthracite coal
But in the case of the net earnings some
roads.

As expected,

railroad net earnings for

Ft.

PRINCIPAL CHANGES IN

tained heavy decreases, with the result that in the

Southern Bail way ....
Mo. Kansas & Texas..

quite a falling off from last year.

Wabash

A

St.Louls
San Fran..
Ohio. Burl.
Quinoy..
Norfolk & Western
Louisville .4 NashvUle

These losses in net on the roads not affected by the
A
strike have followed in most instances from a
coal
Baltimore & Ohio
heavy augmentation in expenses rather than from a Ohio. Mil. & St. Paul..
Paolflo
shrinkage in the gross receipts. A few illustrations CanadianVaUey
Hooking
The Pennsylvania Railroad, with $1,275,- Nash. Chat. A St. L...
will suffice.
St. Louis Southwest.
Denver &
100 improvement in gross, actually records a loss of W. Jersey Rio Grande§
A Seashore.
$28,500 in net; the Illinois Central, with $17,291 inTotal (representing
. -

crease in gross, has $283,816
Pacific,

which

earnings, increased its

$353,139 In its gross
expenses $198,987, thus mak-

ing a loss in net of $552,126; the Atchison Topeka &
Santa Fe, with only $82,786 decrease in gross, has

$279,148 decrease in net, etc., etc. It may be added
that expenses have been quite generally heavy
throughout the list. The augmentation, we may sup
pose, follows in part

17 roads)

decrease in net; the

lost

from the higher wages and

$43,200
89,668
37,190
35,865
35,177
30,773

..

Worth ADenv. C.

Ohio.

&

East. Illinois.

Total (representing 34 roads)...

$6,213,299

Decreases.
Lehigh Valley*
Phila. A Beading ERt
Central of New Jersey
Southern Paolflo Sys..
Chesapeake & Ohio..
Erie
N. Y. Ont. A Western..
N. Y. Susque. A, West..

Chic Great Western..

Atoh. Top. A Santa Fe.

St.

Louis Southwest...

$828,609
577,974
384,048
353,139
332,194
169.787
163,298
138,222
85,152
82.786
31,560

Total (representing
11 roads)
$3,146,769

creased $217,326.
[These figures are for the Railroad Company
pany reports a decrease of $2,182,670.
§ Includes Bio Grande Western.

Chic B. I. A Pacific...
Union Paolflo

is

Seasb...

* Does not include results for Lehigh Valley Ooal Co., which latter
shows a decrease of $1,650,432.
t Covers lines <ilreotly operated east and west of Pittsburg and Erie.
The gross on Eastern lines (including Buffalo & Allegheny Valley
Division) Increased $382,700 and the gross on Western lines In-

large roads outside the anthracite regions have sus-

aggregate there

&

Chloago A Alton
Cin. N. O. A Tex. Pao.
Denver & Bio Grande§

. .

Southern

EARNINGS IN AUGUST.
Increases.

Increase*

NET

*

the Coal

;

A Iron Com-

BARNINGB IN AUGUST.
Decreases.

$169,358 Lehigh Valley BB.*...
$739,038
163,878 Southern Paolflo
552,126
117,379 Phil. & Reading By I.
483.439
110,801 Central of New Jersey
377,072
108,098 IlUnols Central
283.416
94.179 Atch. Top. & Santa Fe.
279,148
93,713 Chesapeake A Ohio...
264,429
91,462
179,059
83,234 N. Y.Ont." A"WeVtern"
128,607
62.068 01eve.01n.Chlo.A St.L.
124,552
58,047 Seaboard Air Line....
87,828
57,269 N. Y. Susque. A West.
77,970
43.334 Chic Great Western..
54,547
43,232 Atlantic Coast Line...
44,726
36,982 Kanawha & Michigan
33,619
34.778 Yazoo A Miss. Valley.
30,856
33,400
Total (representing
16 roads)
$3,740,832
$1,701,215

Does not include results for Lehigh Valley Ooal Company, which
shows $50,767 decrease.
t These figures are for the Bailroad Company
the Ooal A Iron Company reports a decrease of $519,688.
§ Including Bio Grands Western.
*

latter

;

In the grand aggregates of
increase in the

all

the roads there

is

an

sum

Qf $3,279,201, or a little over 3
per cent, while the loss in the net amounts to $1,847,-

737, or 4-89 per cent.

en-

August.
January 1 to August 81.
hanced cost of fuel, materials, etc., but evidently also
(105 roads.)
(99 roads.)
some of the roads were unusually generous in their
1903.
1901.
Increase.
1902.
1901.
Increase.
outlays for renewals and betterments.
•
I
1
1
•
S
With expenses rising, there were at the same time Gross earn'8 105,390,029 108,111,42'* +3,279.201 663,069,463 628,441.79^ 40,687,653
Oper. exp... 69,468,2-40 64,385,282 +5,126,98* 148,133,17 415594,002 32,639,175
many conditions which retarded improvement in gross Net earn'? 35,928,101)
37,776,148 -1,847,73 314,936,376 306,847,797
8,038,478
receipts and in some cases involved a diminution in
the same. The grain movement in the West, as a
The comparison is with totals last year that had
whole, fell materially below that of a year ago, though recorded more than the ordinary amount of imsome of the separate items in it showed an increase. provement, qualifying to that extent of course the
Besides the strike in the anthracite regions the Chesa- significance of the less favorable showing the present

THE CHRONICLE.

828

Id other words, there was an increase at that

year.

of the firm of

[Vol.

LXXV.

Stewart Brown's Sons, a stock brokerage house

than $12,134,656, or 12*51 per cent in which went out of business several years ago.
—The adjourned meeting of stockholders of the National
the gross, and of $6,338,710, or 18-53 per cent in the
recorded Bank of the United States in New York, which was to hav«
net.
Indeed, the Augus.', results have
been held on Wednesday, was postponed until November 15.
continuous and large improvement for many years
—George J. Gould and Grenville M. Dodge were on Wedpreceding the present, as may be seen from the
nesday elected directors of the Bowling Green Trust Comfollowing statement.
pany of this city, in place of Amos H. Calef and William M.
time of no

less

Tear

Tear

roads.

Given.

Preceding.

Laws, who have resigned.

Net Earnings.

Grots Earning*.

Tear A
No. of

Tear

Tear

Given.

Preceding,

Increase or
Decrease.

~i~

Increase or
Decrease,

~T~

Aug,
81,730,884

"93(124)

69,713,216

-7,932,831

17,067,826

20,963,362

19,354,480
19,«99,987

18,448,790

+656,197

17.418,959

19,923,898

-1,604,439
+4,636,451

—8,895,688
+1.509.658

•94(181)

54,790,102

64,392,372

+397,730

'05<l«fl)

68,614,980

62,145,568

•96(127)

62,240,197

65,319,991

'97(185)

66.842,723

68,687,815

24,228,620

19,592,169

'88(133)

77,846,918

76.324,949

27,942,601

28.189,822

-247,221

»99(113)

81,952,796

70.965,451

+1.468,712
-3,079.794
+8.164,908
+1,521,964
+10,987.844

29.730,988

92,067,423
103.675 834

86,191,125

'01(116)
•02(105)

105,390,629

102,111,429

+4,530.950
+2.183.758
+«,338,710
-1,817,737

*0Od!i9

Jan.

to

1

17,844,828

+6,876,298'

33.216,118

96.440,678 +12,134,656

40,648,771

25,800,009
81,038,360
34,810,061

+8.279,201

35,928.409

37,776,146

—Norman

•98(119)

360,771,641

>94(12l)

332,076,465

•95(117)

883,136,902

•96(117)

393,203.060

•97(125)

428,330,0791

•98(128)

•98(107!

537.835,201;
516,901,578'

•00(119)

e38,878,653

•01(104)
•02 (99)

669.521,144
663,069,462

397.C69.784 -6,298.243 128,813, 690 128.163,383 -4,349,748
891,601,604 -69.426.149 98.894, 282 116,428,660 -17,534.378
846,270,796 +16.865.10f 111,172. 169 100,883,644! +10.388.626
883,273,176 +9,929,884 116.931, 633 114,390,911, +2,640.722

409.582.045 +18,748,034
491.579,312 + 46,255,^89
478,605.184 +44,«96,444
666,623,119 +72,250,634
606,129,615 +64,391,629
622,441,799 +40,627,653

182,236 ,014 120,828,688 +11,907.826
170.062, 977 164,808,627 +15,444,366
164,647, 999 147,328,809! +17.819,189
j

204,486, 624 180,439,830 +23,996,794
1

229,445
197,778.641 +31,666,421
062J
214,936 275l206.847.797 +8,088.478

Note.—We no longer Include the Mexican roads or the coalmining
operations of the anthracite coal roads In oar totals. Figures for
previous years have been revised in accordance with this ohange.

has been elected a trustee of the Conof this city.

—

which

$11,293,789 05

was

paid.

Tbeasubt Depabtment, )
U.
Washington, Octobeb 17, 1902. s
8.

By virtue of the authority contained In Section 3694 of the Revised
Statues, notice is hereby given that this department will purchase on
Friday and Saturday, the 17th and 18th Inst., any United States 4 per
oent bonds of the loan of 1925 and pay for them at the rate of 137%
and interest to date of purchase.
Prepaid interest and missing coupons will be deducted at the face
value thereof from the purchase price of the bonds. As the books of
this loan are now closed against transfers, the interest due Nov. 1 on
registered bonds upon which Interest has not been prepaid, will also be
deducted and will be paid in the usual way by check to the order of
the

When

Ream

Company

The following is the text of a circular issued by the
Treasury Department on Friday, ordering the purchase of
United States 4 per cent bonds of 1925. The amount of
bonds to be bought under this circular is understood to be
$10,000,000. JJnder the agreement made on Monday, as noted
in the Financial Situation, $5,000,000 additional bonds were
provided for. The amount of bonds bought on Friday, under
both the ciroular order and Monday's agreement, was $8,253,400, for

Aug. 31.

B.

tinental Trust

owner

of record.

arranged in groups there are only three
Registered bonds should be assigned In due form to the "Seoretary
groups out of eight that record an increase in net, of the Treasury for purchase" and the assignment should be dated and
witnessed by one of the officers named in the note printed on the back
though every one of the groups, with the solitary ex- of the bonds. Bonds may be presented at this Department, Division of
ception of the anthracite coal group, has an increase Loans and Currency or at the office of the Assistant Treasurer of the
United States at New York.
in gross a fact which shows how general has been the
(Signed) O. L. Spadldino, Assistant Treasurer.
augmentation in expenses.
—The private banking firm of Gilman, Son & Co. of this
SUMMARY BT GROUPS.
city became embarrassed on Thursday and made an assignment to Bainbridge Colby.
Net Earnings.
Gross Earnings.
SBCTION OB
—The programme of the twenty-eighth annual convention
Obodp.
1901.
1901.
1902.
1902.
Inc. or Dec.
of the American Bankers' Association, to be held in Tulane
P.O.
August.
t
$
$
*
1
Hall, New Orleans, on November 11, 12 and 13 has been
1*34
-140,668
Trunk lines. (10) 30,695,418 28,804,100 10,349,812 10.490.480
7.4S4.68C
787,624
2,603,660 -1,806,128 69-64
completed and is given herewith:
5,348,428
coal (6)
Anthra.

—

4,314,081
Bast. & Mid. (16)
7,802.805
Mid. West'n.(16
North west 'n(18 15,826,015

4,123,92!^

1,768.016

1,798,238

7,569,284

2,886,059

2,474,365

14.669.82C

6.597,480

5,975,983

+39,777
—239,296
+621,497
+232,004

2*30
9*87

1040
7-14

North Pacific (3) 7,939,802
Southwestern A
South Pac(19) 19,045,972

7,289,458

3.480,290

8,248,286

18.976.39S

6.587,867

7.078,079

Southern.... (23) 14,426.104

18,243,871

4,172,972

4,192,075

-685,822
—19,103

7'58
0-48

Total (105r'ds) 105.390,629 102,111,428

35,928,409

87,776,146

-1,847,787

4-c9

2,389,646

1,004,393

674,625

+429,868

74-82

Trunk

Itnes.(lO) 820.997,635 205,688 626

69.326,989

65.209.205

Anthr.

coal.. (4)

38,884.228

9,894.3*4

18.516,133

+4,117.764
-3,681,789

26-79

3,022,970

Jan.

1 to .<4uc. 31,

85,960,878

8.709.926
8,600,664
+199.262
East. & Mid. (16) £7.514,044 26,087,056
+338.638
Mid. West'n.(16) 67.118,116 52,888,436 17,009,53* 16,670,899
Northwest 'n (12 84,016,480 78,923,740 28,728.489 26,280.803 +2,507,628

North

Paclflo(S)

Southwest.

55,352,731

40,136,398

22,177,570

20,117,388

6'81

2*38

2-08
9-66

+J.060.202

10*24

&

Dat.— Convention called to order at 10 o'olook a.m. by the
President, Mr. Myron T. Herriok of Cleveland, Ohio.
Prayer by the Rev. Beverly Warner of Trinity Church.
Roll Call.
Address of Welcome to the City of New Orleans by the Hon. Paul

Fibst

Capdevllle, Mayor.
Address of Welcome to the State of Louisiana by the Hon.

W. W.

Heard, Governor.
Address of Welcome to the American Bankers' Association by Mr.
R. M. Walmsley, President New Orleans Clearing House Association.
Reply to Addresses of Welcome and Annual Address by the President of the Association, Mr. Myron T. Herriok.
Annual Report of the Secretary, Mr. James R. Branch.
Annual Report of the Treasurer, Mr. Qeorge M. Reynolds.
Report of the Auditing Committee.
Report of the Executive Council, by the Chairman, Mr. Frank O.

-6,406

0*02

Bigelow.

29,827,190

+2,498.115

8*86

Total (99 r'ds) 663,069,452 622,441,799 214,936,276 806,817.797

+8.088.47t

391

6.481 008

+1.110,606

1714

Report of the Protective Committee.
Report of Committee on Uniform Laws, by the Chairman, Mr. Frank
W. Tracy.
Report of Committee on Express Company Taxation, by the Chairman, Mr. F. W. Hayes.
Report of Committee on Bureau of Education, by the Chairman,
Mr. Robert J. Lowry.
Report of Commitee on Fidelity Insurance, by the Chairman, Mr.
John L. Hamilton.
Report of Committee on Internal Revenue Taxation, by the Chairman, Hon. A. B. Hepburn.

South Fac.(16) 77,763,402 74,903.100 26.679,130 26,686.635
Southern.... (28) 107,982,836

23,640.675

98,868,679

20,572,566

82,820,805

7,5*1,607

ITEMS ABOUT BANKS BANKERS AND TRUST CO. '8.

—The public sales of

bank stocks this weak aggregate 35
were sold at auction and 10
shares at the Stock Exchange. The transactions in trust
company stocks reach a ttal of 25 shares and were all made
at auction. In the "curb" market no sales of either bank or
trust company shares have been reported.
Price.
Last previous tale.
Banks— New Tork.
Shares.
301
Oct. 1902— 300
10 City Bank, National
185-180>4
July 1902— 184%
U5 Merchants' National Bank
shares,

of

which

25 shares

10 Mount Morris Bank

200

Tbust Companies—New Tork.
390
20 Merchants' Trust Co
1200
5 N. Y. Life Ins. & Trust Co

*

01

this,

June 1902— 226

Sept. 1902- 417
Sept 1902— 1225

10 shares were sold at the Stook Exchange at 185.

— Mr,

William Harman Brown, whose death occurred in
this city on Wednesday, was well known in financial circles.
His father was Stewart Brown, one of the original partners

Brown Brothers & Co. He was a director for
a number of years of the Corn Exchange Bank, and was one

in the firm of

Practical Banking Questions.
Address on "The Changes In Banking Conditions," by the Hon.
William B. Rldgely, Comptroller of the Currency.
Address on "The Scottish Banking System," by Mr. John Johnston,
Vice-President of the Marine National Bank of Milwaukee, Wis.
Meeting of the Delegates from the States and Territories to appoint
the Nominating Committee.
called to order at 10 o'clock a. m. by the
President.
Prayer by the Right Rev. O. A. Rouxel, Auxiliary Bishop of Louisiana, St. Louis Cathedral.

Second Day. -Convention

Announcements.
Call of States.
Practioal Banking Questions.
Address on •'Assets Currenoy and Branoh Banking,"
Charles N. Fowler, Member of Congress, New Jersey.

by Hon.

.
.

October

THE CHRONICLE.

18, 1902.

Address by Hon. Charles G. Dawes, President of the Central Trust

Company

of Illinois, Chloago.

Address by Mr. Horaoe White, editor " Evening Post,"

New York

City.

Address on •' Emergenoy Circulation " by Mr. Theodore Oilman, of
Messrs. Oilman, Son & Company, of New York City.
Address by Hon. Cornelius A. Pageley, member of Congress, Peeks-

N.Y.
Third Day.— Convention
kill,

called to order at 10 o'olook a. m.

by the

President.

Prayer by the Rev. W. MoF. Alexander, of Prytania Street Presbyterian Church.
Unfinished business.
Practical Banking Questions.
Address on "Financial Crises" by Hon. Theodore E. Burton, Member
of Congress, Cleveland, Ohio.
Address on "The New South" by Mr. Joseph G. Brown, President of
the Citizens' National Bank, of Raleigh, N. O.
Continuation of discussion of Practical Banking Questions.
Report of Committee on Nominations. Elections.
Installation of officers eleoted.

As is customary a separate meeting of the Trust Company
Section of the Association will take place while the convention is in progress.

—The

directors of the Fidelity Trust

Company

of

Newark,

on Monday complete the details for a proposed increase in the capital from $1,500,000 to |3,000,000. This is to
be accomplished by issuing 15,000 new shares, to be sold at
not less than $750.
The stockholders have been asked
to waive
their
legal
rights
purchase
the new
to
N.

J., will

sell
to
the
same
expected, a still greater
volume of business will accrue to the company. When the
increase in the oapital from $1,000,000 to $1,500,000 was made

permitting

stock,

new

to

interests,

the

directors

through which,

it is

early the present year, the selling price of the shares,

which

are of a par of $100 each, was $500. The price now asked, of
$750, will besides giving a capital of $3,000,000 bring the
surplus up to $13,000,000. The directors reserve the right
to put the proposed action (to which representatives of fourfifths of the stock have already consented) into execution at

any time before

May

1

next.

—The

stockholders of the Union Trust Company of Pittsburg, at a meeting on Wednesday, waived the usual 60-day
notice required and voted on the increase in the capital
favored by the directors. As we have before noted, the

amount

will be raised

from

$1,000,000 to $1,500,000, the $100

shares to be disposed of at $2,000 each.

—

&

The directors of the Fidelity Title
Trust Company of
Pittsburg have decided on an increase in the capital, subject
to the approval of the stockholders, who will vote on the
matter at a special meeting on December 10, Under the plan
contemplated 10,000 shares of $100 each are to be put out at
In this way the capital, now $1,000,000, will become
$400,
$2,000,000, while the sum of $3,000,000 will be used as a new
surplus fund. The total working capital, with the undivided
fund of $1,000,000, will then aggregate $6,000,000. The
quarterly dividend payable November 15 has been made 3
per cent double the amount of the last quarter.

829

and Sol Meyer, Treasurer. The Board of Governors is made
up of the officials of the exchange and Larz Whitcomb. The
membership for the present is to be limited to fifteen. Membership fee is to be $200, and the annual dues for active
members $150. The exchange is to open for business by

November

1.

—

A circular issued under date of October 11 by the Landis
Banking Company of Nashville to the stockholders of the
American National Bank of Nashville is printed herewith,
"Certain Eastern parties, who contemplate engaging in the banking
business at Nashville, have oonoluded to act upon our suggestion to
consider the purchase of some one of the lcoal banks rather than

an entirely new institution.
Being considerably interested as a shareholder in the American
National Bank, and by reason of the oiroumstances surrounding the
situation, we have called their attention to it as possibly offering a
better field than any other bank here for the introdnotion of the new
oapital they propose putting into the business. We have therefore
been requested to ascertain the disposition of the shareholders In the
establish

premises.

end we have discussed the matter at some length with parties
sell, among whom a consensus of opinion prevailed that a
committee be named to aot in the matter of canvassing the subject
with those Interested, resulting in a meeting being held this week by a

To

this

willing to

number

of the shareholders representing 2,005 shares of the capital

stock.

The following resolution was adopted and we enclose herewith, for
the committee, a form for your approval and signature, In case you
desire to dispose of your stook.
Whereas, it has been made known to us that a bid of $90 00 per
share has been made ;to the Landls Banking Company for a controlling Interest in the American National Bank
It Is Resolved, ThatW. W. Berry, N. Klrkman, J. C. Bradford,
Edgar Jones, J no. T. Landls, be named as a committee to take up and
develop the matter by oanvasslng the shareholders and determining
whether a majority of said shareholders are desirous of selling at par,
which latter price the Landls Banking Company thinks probably oan
be obtained.
Be It Further Resolved, That in event any of the above named
committee decline to serve, the remaining members of said committee
may fill any vacancy or vaoanoies.
Messrs. W. W. Berry and J. C. Bradford declining to serve, the places
thus made vaoant on the committee have been filled by the appoint,
ment of Hon. H. E. Palmer, of Murfreeaboro, and Dr. W. A. Atchison,
of ISashvllle.

The American National has a

capital of $1,000,000,. its

shares being of a par value of $100 each,

— Mr.

A. C. Anderson has been chosen to succeed his
W. Anderson, as President of the St.
Paul National Bank of Sb. Paul, Minn. The latest head of
the bank vacates the position of Cashier, now assigned to
Mr. William B. Geery, former Assistant Cashier, while Mr.
Willard B. Clow has been elected to the latter post.
father, the late Mr. F,

BnKllah Financial J»arSt©*»— P«r Cable.
The daily closing quotations for securities, etc, at London
*re reported by oable as follows for the week ending Oct. 17:
Sat.

LOHDOH.

Mok.

233s

237, a

Iue$.

Wed.

Thurt.

Fri«

profit

—

—Supplementing the second

offer of Mr. James Kifer of
per share for 18,001 of the $50 shares of the Exchange
$116
National Bank of Pittsburg, the President, Mr. Mark W.
Watson, has issued another circular to the effeot that " Mr.
Kifer has no interest in the bank as a stockholder or otherwise, and we believe his second effort for control will prove
as complete a failure as his first. In our judgment, the holdings of the officers, directors and friends of the institution
are more than sufficient to defeat his purpose."

—A considerable number (2,100) of the shares

of the

Dime

Savings & .Banking Company of Cleveland, Ohio, changed
hands last week. They were purchased by Mr. R. A. Harmon on behalf of a syndicate. Of the total secured, 1,500
shares represented the holdings of the Everett-Moore syndicate, the other 600 having been acquired from another source.
The new owners practically control 3,000 shares, holdings of
friends bringing the amount to that figure. The bank has
a capital of $500,000, and all but 253 (which are in the treasury) of the 5,000 shares have been issued. It is believed that
the present officials will continue, at least for the present.

—Articles of incorporation of the Indianapolis Stock Exchange have been filed with the Secretary of the State of
Indiana, and the organization has been perfected by the
election of the following officers John F. Wild, President;
Harry B. Gates, Vice-President; Newton Todd, Secretary,
:

sliver,

per ounce

d

Consols., new. 3% p.ots.

For account

935 18
937, a

fr'ob rente8(lnParis)fr.
tpanlsh is.... ..........

inaconda Mining
Uoh. Top. & Santa

99-95

87%
4*8

Fe..

90
103

Preferred
Baltimore & Ohio
Preferred

iCrie,

96

do Preferred.

common

..........

93*9

39%
691*

1st preferred
2d preferred...

54%

151
Louisville & Nashville.. 141
Mexican Central
26%
Mo. Kan. & Tex., com.. 30%
Illinois

Central

Preferred
62%
National RR. of Mex... 19
Preferred
40
«. y. Uent'l & Hudson.. 158
S. Y. Ontario & West'n 3434
Sorfolk & Western
75

Do

do
Pennsylvania

102

107% 1105%

Janadian Pacific
137%
Jhesapeake & Ohio.... 51%
Jhloa. Great Western.. 30%
Ohio. Mil. A, St. Paul... 195
Den. & Rio C+r., com.... 44%

Do

2338
23%
93' 18
93%
93%
93%
93%
933i«
9995 100 15 00 07 %
87%
87%
87%
5
4%
5%
90%
87%
89%

pref.

93%
83

A Read
35%
'PMla. & Read, ,1st pref. 44 14
Phlla. & Read„2d pref. 31<%
Phlla.

louthern Pacific
4outh'n Railway, com.

73%
38%

Preferred.............. 99
107*8
Jnlon Paoiflo

30

30

192
44

193%

191%

194%

44
93

45
93

45%

92%
38%
67%

39%
69
54
149

140%
25%

140

140%

29

30

61%
18%
39%

26%
30%

60%

61

19

19%
39%

53
148

157

25%

39%
157

158

33%

35%

74

75

93%
81%
34%
43%
38%
70%
37%

93%
82
35
43 78

38%
71%
38

98

98%

104%
92%

10t)%

90%

33*8

33

49

48%
81%

*

50%

39%
68%
53%
148%

91

82%

108%
96%
139%
51%

13678

do

preferred
neb. "B"
Price per share.

91%
10 3%

86

40

Do
Do

5

136%
50%

96%

40%

V abash

106%

87%

134%
49%
29%

93

pref..
..„».

10:4%

34%
74%
93%
83

35%
44%
39%
73

37%
97%
107

92%

92%

4<

41

%

90 7

a

33%
48%
81%

xSO

33%
49

81%

23'3 1S

93ii«

933 15
98%
100*10 10015

96%

Preferred
CT. 8. Steel Corp., com.

Do

102%
107%

23%
93

31%
91

40%
70

54%
151%
141%
27%
31

87%

5%

92%
104%
110

97

140%
54%
31%
195%
46%

95%
40%
70%
155
144

26%
31%

62%
19%
39%

63

158%
35%
76%

160%

93%
83%
36
45

39%
74%
39

19%
40

35%
81%
95%
84%
36%
45

40%
75%
39%
98%

x98%
108%

109%

93

93

41%
80%

41%
91%
35%

35

49%
83%

51

84%

b

.

.

8

j

THE CHRONICLE.

830

®0mm£txial and |pt scellaneott s Hetu i
New York City Clearing; House Banks.— Statement of
condition for the week ending Oct. 11, based on average of
daily results.
We omit two ciphers (00) in all cases.
Re-

BANKS.
a»nk

ol

Capital SurpJut

S
N. Y.... 2,000,0 2,269.1

Loan*.

Specie.

l.B.896.0

2,439.0
5,180.0
2,060.1
1,998,0
2,488.8

,

,

P.O.

S

1,467,0 15.688.0 25-0
1,886.0 25.033.0 28-6
1,458,0 13,287,1 26'5
1,821.0 12.006,0 27*6
2,702.2 30,378.1 264
1.848.0 258
267.0
6,813.0 104,860,7 24 6
2.177.0 23.014.6 271
483.2
6.428,6 256
6,861.2 25-7
744.1
2.045,8 256
66,4
372,0
8.586,0 174
144.5
1.085.7 24'6
4.725.7 28'3
182.6
257.0
6,887,1 254
1,709.0 21,074,0 252
4.6226 66,149,6 263
119.2
6.002,6 253
1,282,8 14,630,0 25-8
469,6
8.712,4 20 5
778.2
6.622.8 264
389.8
2.675.8 192
1.108.6 12.626.1 21-9
6,046.1 50.712.8 236
614.2
4,798.0 234
867.6
6.346.0 242
295.1
8.016.3 23-7
6.184.2 23*9
681,6
4.782.P 260
225.1
8,014.0 27,186,0 24 4
419,8
1.817,0 31 8
1.3*6,0 19.717,0 26-8
3 182.0 58.237,0 24-1
189.7
1.300.6 26-2
2.422.4 19.881,0 2T7
894,0 12,362.0 22-7
1,081,0 10,557,0 247
2,060.7 67,851,1 23 8
882.8
4.888,8 20-3
256.0
3,117.0 18'6
406.9
1.885,1 24-4
208.6
3,811,6 219
2,115.7 17,769.8 271
149.6 10,138.8 26*8
645.0
3.209.6 230
601.0
4,826.9 20'9
2,290,8 11,751,4 249
362.6
7,768,2 274
161.0
2,630.3 27-8
461,0
8.980.0 24 2
837,0
3,297,0 23*2
1,810.0 12,817,0 263
3.192.T 44.817,7 28-8
668.0
4.712,0 24-6
332.1
7,073,1 23 2
282
4,088,3 261

999.0
19,845.6

4.088 6
902,8
892,1
461.4'

853.0
118.7
1,148,8
1.484,7
8.620.0
8,870.1
1,876
2.474.8
801.

658 8

,

Ceoofite eerve

Legale.

•

BiarJiattan Co... 2,050,0 2,281,2 21,188.0
Merchants'...... 2,000,0 1,286,6 11,711,8
Mechanics'...... 2,000.0 2,652,4 11.881.0
1,600,0 8,276,7 18,081.4
Amorloa
1,000,0
Phenlx
287,0
6,032.0
25,000,0 15,888,1 128,708,6
City
300,0 7,240.7 2l,065,ft
Chemical
Merchants' Ex..
600,0
285.4
6,144.1
Sallatin
1,000,0 2,147,8
8,568.0
800,0
Baton.* Drov's'
86.8
1,704.8
400,0
Mech.4 Traders'
171,1
8.578,0
Sreenwloh
800,0
197,7
1,221.2
526,1
Leather M'f'ra..
600,0
4.681.2
Seventh Natlon'l 1,700,0
161,0
6,568,1
American Ex oh 5,000,0 8.676,1 28,622,0
Commerce
10,000,0 7,484,1 67.526.H
Broad-way........ 1,000,0 1,898,7
6,851,8
Mercantile
1,000,0 1,428,2 18,715.1
650,8
8,110.0
Paciflo
422,7
Chatham
460,0 1,031.4
6.716,0
200,0
868.6
People's
3,252,6
North America., 2,000,0 1,877.9 14,518.0
Hanover
8.000,0 5.908,8 46.516,6
Irving
6.670.0
1,000,0 1,000.1
601.8
6.757.6
Citizens'....
1,660,0
804.1
2,629,8
600,0
Nassau
6.801.7
Market* Fnl ton
800,0 1,049,1
271,6
4,213.8
Shoe A Leather 1,000,0
Corn Exchange.. 2,000,0 8,176,0 24,217.0
407,3
1,749.0
800,0
Oriental
Imp't'rs'ATrad 1,600,0 6,277,6 22.187.0
2,000,0 4,611.4 49.004.0
161,2
1.156.0
260,0
Bast River.
8,000,0 2.710,4 18.222.1Fourth
9.986,0
577.7
1.000,0
Central
9.731.0
800,0 1,205.5
Second
10,000,0 12.219,8 78.680.*
First
868,0
5,236.3
600.0
N.T.Nat'lExoh
776.6
2.714.0
250,0
Bowery
606,4
4.019,4
200,0
Y. County....
N.
431.8
8,866.7
760,0
German Amen..
1,000,0 8,262,7 89,577,ti
Chase
8,122.4
100,0 1.670,8
Filth Avenue
626.6
2,680.8
200,0
Oei'man Exch...
866.5
3.141.8
Oermanla
200,0
Lincoln
800,0 1,185.5 10.615,8
1,282.0
7,432,7
1,000,0
aarfleld....
885.8
2,398,1
300,0
Filth
Bank of Mefcrop 1,000,0 1.277,0 8,479,1
470,7
8,143,0
200.0
West Side
600,0 1,157.6 11,145.0
Seaboard.........
2,100.0 3,126,0 87,846.6
Western.
650,6
4,448.0
800,0
1st Nat.. B'klyn
889,2
7,352.2
600,0
Liberty
4,250,8
470,8
V. Prod. Ex.. 1,000,0
N.
New Amsterdam 600,0 670,7 7,182.1
4,8860
478,2
Astor
350,0
451,1
4,256,7
600.0
United States...

126.8
1,667.2
6.840.0
612.6
1,183,2
422,7
891.8
971.1
3.631
214.0
3.977,0
10,916.0
138,2
8,089,6
1.919.0
1.633.0
18,819.3

614.2
322.0
818,
760,6
10,835.7
2.650.3
196.0
411,4
613.8
1,788,6
671.2
1.718,7
429.0
2.076.0
8.617.8
-t

600
1.812,8
737,2
1,758,9

116 8

8.2360 268

228.0
61,8

772.0
761,7

4,313,0 23.1
8.734,6 22-1

Torn
1006">2. ' 117*879 874,647,8 162338 i 67,274,8
United States deposits included $ 10,033,400.
-

l

+

t

872,340,0

25-1

—

Reports of Non-Member Banks. The following is the
statement of condition of the non-member banks for the
week ending Oct. 11, based on averages of the daily result.
We omit two ciphers (00) in all cases.
BANKS.

Copt

lOOi omitted,)

tal.

Cwr- Lo ant 1
rfut.

Invttt- S9*Ci*.

Lm. T.
iffk.
Hotel

menti.

J690tit.it/ilt.

Other
Agent. Bktukc

illear't

net
•

»

100.0

..."

Imports and Exports for the Week.

170,2

f

2150,0

t
60.8

800,0 253,7 8371,0 196.0
Columbia..
61,6
Fourteenth Street. 100.0
96,2 1678.H
200,0
49.6 1679.7
87.6
aansevoort.,

Hamilton

200,0 107,7 1865.0 124.6
250.0
94,6 3365.9 128,2
Mount Morris
200,0 177.4 2108.8
84.1
Mutual
61.3
Nineteenth Ward. 200,0 175,9 16608
100,0 227,6 2880.0 119.0
Plana
18.6
100.0 102,8 1057.9
Riverside. .........
100,0 869,6 6309.0 464.0
SUte
84.0
74,7 1742.0
Twelfth Ward.... 200,0
88.8
81.1 1828 6
Twenty-third W'd 100,0
29.9
100,0 261,6 1698.2
YorkvUle
16.8
45.8
782.4
100.0
Washington
11.0
684.8
200,0 108,6
Fidelity
2.6
60,8
730,0
100.0
Yartok
10.4
82.0 1841,7
200,0
Jefferson
8.1
266.0
53,7
100,0
Century
6,0
Wasn'rtonHelghts 100.0 103,8 458.7
Waited National... 1000,0 218,4 2382.6 277,1
Boro'h of Brooklyn
14.9
150,0 187,2 1615,2
Bedford
14,1
100,0 201.2 1720,4
Broadway
82 6
800,0 165,4 1404.8
Brooklyn
17,7
830,
6,6
100,0
Eighth Ward
824,7
82,7
40 5
100,0
Filth Avenue...
488,8 8088.2 834.
Manulaot'rs' Nat'l 262,0
600,0 861.8 4186.8 328/
Mechanics
8824
9.8
86.9
100,0
Merchants'
Nassau National., 300,0 681,6 41660 180.0
58B.7 8088.0 127,0
National City
800,0
949,6
9,9
100,0 155,5
North Side
82.3
100.0 144,1 1275.1
Peoples
634.6
10.1
76.8
Seventeenth Ward 100,0
aprague National . 200.0 J67.0 11849 89*
684.8
18,0
Twenty-sixth W'd 100.0 69,8
81.0
300.0 180.1 1278.1
Union
850.1
65,7
89.1
100,0
Wallabout
,

,

,

FOREIGN IM POETS.
for week.

1900.

1899.

82.819,910
8,270,790

1

81.739,790
8.1C0.555

82,373,118
9,020,145

$10337,263

99,840,345

$11,393,263

+99,373,203
342,210,113

Total
Since Jan.

82,249,674
8,087,589

*10.590,700

3en'l mer'dlse

984,140,640
350,927,693

893,742,508
S26.842.110

+82,136,576
321,718,310

.

Jry Goods
*en'l mer'dlse
Total 41

1901.

1902.

Ory Goods

weeks V441.583.316 SH35.068.333 «420,584,618 8403,844,886

The following Is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
veek ending Oct. 13, and from January 1 to date.
BXPOBTS FROM NEW YOBK FOB THE WEEK.

<peoie)

1901.

1900.

1899.

$9,725,643
392,905,083

$12,052,103
414,952,979

88.406,667
355,031,613

1902.
?or the week.

811,527.177
Tev. reported 863,806,560

Cotal 41 weeks|$375,33 3,737 8402,630.726 3426,005.082 $363,438,280

The following table shows the exports and imports
New York for the week ending Oct.
md
and for the corresponding periods
ipeoie at the port of
slnoe Jan. 1, 1902,
1901 and 1900.

XPOBTI AMD IMPOST! OF

t

I

I

I

168.2
108.0
69 1

283,0
216.0
246.8

150.0

123.1
110.1
98.2
187.0
181.8

1248

45,0

80,0
203.8
102.0

6,0
68.8

800

61.7

201.8
74,8
131.0
170.0
161.9

184

1

62.6
88.6
60.6
68.1
16.0
17.0
44.8

1

118.0
70.0
78,0
80,0
289.1
122.6
60,1
47.4

8,0

288.0

258
1.8

42

95.6
101.8
80,7
87.8
44.7

29,0

116.5

68.1
82.8

166,4
202.2
128,7
42,8
73,4
604,6
228,1
83.6
581,0
451.0
40.2
70.8
75,0
189,3
127,6
64.2
68,9

20.2
19,0

102,8
181,1

11.0

107,6
191.0
50.8
87.1
82.7

83,8

2710
66.8
806.0
278,0
63 8
107,3
50.8
2.6

368

1

"78.7
35.0
10,0

MEW YORK.

SPECIE AT

Import*.

Mxpori*.

Since Jan. 1.

Week.

684.7
748.8

of etaten Isl
lstNat.,8taten Isl

.100.0

76,1
100,3

Other Cities.
1st Nat., Jer. City
Hud. Co. Nat., J.O
3d Nat., Jer. City.
3d Nat., Jer. City.,
1st Nat., Hobo-ken
3d Nat., Hoboken.

400,0
350,0
250,0
200.0
110,0
125.0

996,8 6012,2 275,1
83.7
618,2 28549
88.8
804.6 1168,7
259,8 1102.4
45.1
498,6 3150,0 110,9
82.8
130,6 1086,8

36,0

15,7
42,1

298.6 1111.7
68.8 119.0
28,8
68,3

ill

14.116
8,150

$26,023,485 $1,213,502
29,221,1-6
66,151
25 094
47,269,839

84,374,384
3 996,142
1.778,044

other countries.

Total 1902

,.

2450.0
8489.C
1902 3
1802,5
1991,4
2892,9
2099,9
1961,4
3058.0
1067,2
6898.0
2090,0
1747.6
1736.0
814.5
63>,4
761.0
1811,5
161,4
817.0
1466,2
1677.2
1986.0
1131 4

.

$2,006
13,334

121,663
52,408

200

Imports.

Export*.
Silver.

8ineeJan.

Week.

3 reat Britain
franoe

Germany
Vest Indies
dexloo......

tenth America
vil other countries

Total 1902.
Total 19i*i.
Total 1900.

8646,315 $25,071,359
598,485
1,000
158,515
52,661
276,977
7,212

$2,997
1,594

9200
8,371

63,626
453,710
431,299
18,970

•8,571
133,779
35.146

8646,315 826,166.159
681.470 38.048,200
40.490.149

1,118.716

2,960,012
3.762,620

84

1

28.8

14.8
22.6

Totals Oct. 11.. 8612.0 9498.8 79286.9 3877,9 4514 1 8084.2 1914,1 H4853.2
Totals Oct.
4.. 8612.0 9498 8 70626.6 1888,9 4008.8 7609,2 4652/ 88261.1
Totals sept. 27. 8812,0 9412,7 78887,9 3586.9 1124,8 7618,2 1831,1 82803,6

15,

$1,100

$215
J. B. Watklns Land
Mortgage Oo. debs, (trust
oo. cert Serlea A 38, $600
paid
$110
$2,000 Texas Loan Agency
)

of Corsloana, debs.. Series
21, 65 per cent paid
$350

^Banking aud

fftrxarxcial.

Trask
BANKERS,

8c

Co.,

....

& 29 FINK STREET,

NEW YOBK

Transact a general banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in

INVESTMENT SECURITIES.
Members N. Y. Stook Exchange.

6666

1896.0
1068.1
1181.0
1887,8
1020 8

A

$1,000

.

Branob

Moffat
New

&

Office.

65 State

St.,

Alban r

White,

Members
York Htoek Exchange,
1 NASSAC STREET, CORNER WALL.
Dealers In Investment Securities.

Tel. 6820-6881 Cortlandt.

4572 6424.8
16.C

:

paid..

10 National City Bank ....301
5 Merchants' Nat. Bank...l86»4
10 Mount Mtrrls Bank
20
15 Standard Mill. Co.. com
7^
10 Standard Mill. Co., pref. 30i«

764.1

628,7
808,3

oo. cert.) Ser.

$i0persh.
50 Internat. Bank'g Corp... 200

27

Son

J. B. Watklns Land
Mortgage Co. debs, (trust

Co

Spencer

&

$2,000

20 Merchants' Trust Co ...390
248 N. Y. House Wrecking

1028.9
668.8
4.6
I04,r 1,262
848,8
88,1

ll.<

8972,196

Bonds.

Stocks.
5 N. Y. Life loB.&Tr. Co. 1200
50 Lawyers' Title Ins. Co.
(ex rights)
375

86

10.1

Since Jan.).

Week.

1.

Of the above imports for the week in 1902 $51,850 were
American gold coin and $200 American silver coin.

886

4620.2
969.8
25.6 4710,0
3480.0
73,0
861,9
30,6
46.0 1360.6

812.6
140.0
61.7

x.

82,187,257
487.550
243,350
408,914
22,231
914,145
160,937

18,774,514
4,921.099
614,131
50.776
1,375.294
103,046

Vest Indies.........

8636 6

216 9

Since J an

Week.

$184,625 $1,021,965

30,0

68.8

of
11
in

Gold,

Borough Of
Richmond.

Bank

—The following are

che imports at New York for the week ending for dry goods
Oct. 9 and for the week ending for general merchandise
Oct, 10; also totals slnoe beginning first week January.

Auction Sales— By Messrs. Adrian H. Mailer

City.
Borough of
Manhattan,

LXXV.

[Vol.

>e*ot,.,

wbw yobk
Colonial

.

Tracy

&

Telephone Mtoeka

Specialty.

Co., Bankers,

No. 40 Wall street.

CHICAGO.

a.

NBW YORK.

MILWAUKEE.

Conneoted by piirate wire.

Dealer* In High Grade Bonds.
Li*t of Current Inoeetment Oferings lent

__
„
Member* New
fc

i

York Stook Exchange.
chl<ukg0 st00k Exchange

on Application.

Ceianitaalon Orders

Executed

In all

Markft*

1

OCTOBEB

THE CHRONICLE.

IS, 1902.J

@

25c. per $1,000 discount; San
$1,000 discount; St. Louis, 15
Franoisoo, 2J^o. per $100 premium.
United States Bonds.— Sales of Government bonds a*
the Board are limited to $1,000 3s, coup., at 108%. The following are closing quotations ; for yearly range see third
pige following.

dafcette.
DIVIDENDS.

VLXikzttf
Nat**

of

When

Per

Company.

Soo ks Closed.
(Days IncUutive.)

Cent Payablt

831

Interest

Kal Iron tin (Steam).
Chesapeake & Ohio
Cin.

Ham.

<&

Nov
Nov
2^ Nov

&

Nov 27
Nov 9

.Nov
lSiOct 20 Oct 17
1»4 Nov
1 Oct 19
Nov 1 Oct 21
1

Florida, 1st pref..
2d pref..

to
to
to

Nov 2
Nov 10

Great Northern, pref. (qnar.)
Northern Securities (qnar.)
Street Railways.
Brooklyn City BR. (qnar.)

&

9

2

do

Grand Bapids<& Indiana

Cleve. Elyria

Oct 25

to
to

Dayton, pref. (qnar.)

Georgia Southern
do
do

Nov

1
1J,

2\j Oct

Western

(qnar.)
Columbus (O.) Ky., pref. (quar.)
Dartmouth <£> West port (quar.)
Grand Rapids (Mich.) Ry pref. (qu.)..
Hllw. Elec. Ry. <& Light, pref. (quar.).

3.
'4

Oct

1\ Nov

15 Oct 10
to
Oct 15
Oct 15
15
1 Holders of reo. Oct 15
15

2

Oot

l>4i

Nov

1

l»a|Nov

,

Oct 24

1

Holders of rec. Oct
Oot 21
to
Nov
Oct 26
to
Nov
Oct 22
to
Nov

18
2
2

1
United El. L <fe Power, Bait., pref
2>a Nov
1>4 Nov
1
United Traction, Albany (quar.)
1
Miscellaneous.
Nov 24 Oct 24
to
Amalgamated Copper (quar.)
Nov 9
Amer. Light <fe Trao., pref. (quar.)
IS Nov 1 Holders of reo. Oct 15*
500 Nov 13 Oct 17
to
Anaconda Copper
Oct 26
Butte Electrlo & Power, pref. (quar.)..
to
Oct 31
IS Nov 1 Oct 25
Nov 1 Oct 25
Central Oil (quar.)
1
to
Nov 1
2*3 Nov
1 Holders of reo. Oot 17
Edison Elec 111.. Boston (quar.)
Internat. Smokeless Pow. & Dyn., pf..
4 Nov 15 Oct 31
to
Nov 7
Nov 15 Oot 31
do
do
do
{do 17-4
to
Nov 7
Internat. Steam Pump, pref. (quar.)...
to
Nov 2
IS Nov 1 Oct 21
'•

I

1 34

Pullman Company (qnar.)
Tennessee Coal, Iron <fc RR

.

Nov

1 34

National Carbon, pref. (quar.)
National Fire Proofing, pref. (quar.)...
Pennsylvania Steel, pref.

Oct

3S Nov
Nov
2
Nov
2
$3 60 Nov

pf. (qu.).

15 Nov 5
25 Oot 16
1 Oct 16
15 Nov 2
1 Oct 23

United Elec Securities, pref
1 Holders
U. 8. Cast Iron Pipe & F., pref. (qu )..
Deo
1 Nov 10
1
United States Express
2 Nov 15 Nov 1
Worthlngton iH. R.) pref
8\ Nov 1 Oct 21
* Transfer books not closed,
t Payable in sorip.

Nov 16

to
to
to
to
to

Oct 25
Oct 19

Nov 16
Nov 2
Oct 23*
Nov 30

of reo.
to

I

'

Nov 16
Nov 2

to
to

WALL STKKKT. FRIDAY, OCT. 17, l90tf.-5 P. OT.
The Money Market and Financial Situation.— Decided
progress has been made this week towards a settlement of
the coal-miners' strike, and it now seems likely that anthracite coal will soon be moving freely to market. At the
same time the money market has been substantially relieved
by the actual purchase of §18,000,000 of Government bonds
by the Secretary of the Treasury. This purchase diverts
about $20,000,000 from the Treasury vaults into channels of

registered
2s, 1930
ooupon
2s, 1930
2s. 1930 .smaJ. registered
coupon
2s, 1930 .small
registered
3 s, 1918
ooupon
3s. 1918
3s, 1918, smaU.reglstered
ooupon
3a, 1918, smaU
is,

is,
48,
4s,
Ss,
5s.

1907
1907
1925
1925
1904
1904

Oct.

Oct.

Oct.

Oct.

Oct.

Oct.

Periods

11

13

14

15

16

1?

(J— Jan *109S *109»s *109S *109H *109»4 *10934
Q—Jan *109S *109S *109S *109S *109»4 *109*

Q—Feb
Q— Feb
Q— Feb
Q— Feb
registered Q—Jan
ooupon Q— Jan
registered Q— Feb
ooupon Q— Feb
registered Q— Feb
coupon Q— Feb

*ib7»4 *i"07»i * 10734 *i6iK *io7'i
*108S "108S -108S nos^ *108S
......
......
......
.....
108^ *107»4 107»4 *107»4 *10734

107»«

*111
*111

111
111

110*4 *110»4 *110»4 *11034
*11034 *11034 *110»4 *110»4
*137»4 •137S •137J, *137>4 136S
*

136S
*13734 *137S *137S *137S *137S 137 S
*106S *105S *105S *105S *104i4 104S
*105S *105S *106 a *106>9 *105S 105%
'"This Is the price bid at the morning board; no sals was made.
State and Railroad Bonds.— Sales of State bonds at the
Board include $1,000 Louisiana consol. 4s at 106^, $5,000
North Carolina spec, tax at 1%, $25,000 Virginia fund, debt
2-3s at 96J| and $250,000 Virginia 6s deferred trust receipts
at 13^ to 15.
The market for railway bonds has been irregular. Prices
declined on Monday because of uncertainty regarding the
coal situation and a 16-per cent call-loan rate. Since Monday the market has improved in tone and the tendency of
prices has been steadily upward. These movements have
been attended by wider fluctuations than usual, the range in
some cases covering 3 points, and net changes are generally
to a higher level.
Railroad and Miscellaneous Stocks.— Subject to the conditions outlined above the stock market has been highly
irregular. The depression on Monday carried practically
the entire list from 3 to 8 point* below last week's
closing prices. Substantial recoveries were made on Tuesday and Wednesday. Thursday's market was active and
buoyant when it became known that negotiations for a
settlement of the coal strike were likely to prove successful,
and closing prices are in many cases from 5 to 10 points
above the lowest of the week. Naturally the anthracite coal
stocks have been leaders in the upward movement, and
these were closely followed by St. Paul, North West., Illinois
Western, New York Central and some
Central, Norfolk
No other special developments
of the low-priced issues.
have been known to affect any particular group or class of
stocks, and practically the entire railway list has followed
the general trend of the market.
General Electric and New York Air Brake have been
erratic features of the miscellaneous list, covering a range
of 15 and 14 points, respectively. American Sugar Refining
has covered over 8 points and closes with a net gain of 4t%
points. The United States Steel issues have held relatively
steady, closing with a substantial net gain.
For daily volume of business see page 840.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.

trade, and a settlement of the coal strike now impending
will permanently remove from Wall Street one of the disturbing inflences of recent months.
As a result there is a much better feeling in financial circles, the security markets have improved in tone and interest rates are lower.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 5 to 18 per cent. To-day's rates on call were 5 to 7 per
cent. Prime commercial paper nominally 6 per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £599,162, and the percentage of reserve to liabilities was 45*77, against 43-38 last week,
the discount rate lemaining unchanged at 4 per cent.
The
Bank of France shows a decrease of 11,650,000 francs in gold
and 1,500.000 francs in silver.
The New York City Clearing-House banks in their stateBales
ment of Oct. 11 showed a decrease in the reserve held of
STOCKS
for
Week- Ending Oct. 17
Week
$250,700, and a surplus over the required reserve of $1,527,350, against $1,819,200 the previous week.
Amer Agricul Chem.pref 100

1

&

Bait.

1902
11

Oct.

Differences

9
Capital

Loans <fe

1901
12

from
9

100.672.700
117.667.900
discounts
874.647.800 Ino
36,072.600 Ino
•872,340,600 Ino

9

Specie ......... ....
Legal tenders

162338,200 Ino

Deo

35

219,612.500 Deo
218,085,150 Ino

13

9

30. 9* 3. 800
942,688,900
182,601 900
70,653.500

74,222,700
90 109 BOO
807,855,000
30,283,600
861,688,700
160,259,200
59,601,900

253.155.400
236,672,226

219,861,100
215,397,175

870900,700

250,700
41,150

p. o. of deposits

Oct.

81,722.700
98.843,700
2,344,200
411,600
164,600
1,068,300
1,319,000

67,274,300

1900

Oct.

previous week,

Surplus reserve
1,527,350 Deo
291,860
17,483 175
4,463,925
* United States deposits included $40,633,400, against $40,769,300 last
week. With these United states deposits eliminated, the surplus reserve
would be $11,685,700 on Oct. 11, and $12,011,525 on Oot. 4.
Notts.— Returns of separate banks appear on page 830.

—

Foreign Exchange. The market for foreign exchange has
been generally weak, but is somewhat stronger towards the
close on an increased demand for bills.
To-day's actual rates of exchange were as follows: Bankers' sixty day sterling, 4 8275@4 8385; demand, 4 8565@4 8575;
oables, 4 8610@4 8620; prime commercial, sixty days, 4 82%
@4 82%; documentary commercial, sixty days, 481%@4 82J^;
grain for payment, 4 82%@4 82>£; cotton for payment, 4 81%
@4 81%; cotton for acceptance, 4 82%@4 82%.
Posted rates of leading bankers follow:
October 1?
Sixty Days
Demana
Prime oankers' sterling bills on London. 4£3S ®4 84
Prime commercial
4 82S ®4 82»e
Documentary commercial
4 81»4 ®4 82i2
Parts bankers' (Francs)
5 20*
®5 20
Amsterdam (guilders) bankers
3913J8 ® 39 78
Frankfort or Bremen (relohm'ks) bankers
* Less lis. t Less '33.
** Plus i 3a

94*16

^

94 H«t

4
5

86S ®4

87

17S* ®6 17St

40i 18 *9

94V*»

4Ciia
94n>i8

.

The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying 75c. discount, selling 75o. premium; Charleston,
buying 1-16 discount, selling

1-16

premium

;

New

Orleans,
per

bank, par; commercial, $1 00 discount; Chicago, 10c.

&

Ohio rights

89,715

Buttertck Co

83^0^16 83SOct

15

Oct
Oct
Oct
Oct
3 Oct
8 4
45 Oct

17
16

13
2 340ct
13 SOSOct
16 175 Oct
14 132 Oct
13 10>*Oct
15 45 Oct
8HOct 14
8>aOct
2SOct 14 2SOct
353sOct 13 38"80ct
94SOct 13 96?8 Oct
31 Wet 14 3234 Oct
78SOct 16 80 Oct
1

Commercial Cable
Des Moines & Ft D

800 48
200 175
200 130

New Central Coal

800

pref.
Illinois Central rights... 30,973

Ontario Silver Mining...
800
Quicksilver Mining
800
Southern, stamped
20,500
Preferred, stamped
7,050
Vuloan Detinning
1,400
Preferred
400

Range Since Jan. I

Bangs for Week

16
14
17
15
14
17

16
16
17
17

82SJan
1

Oct

91

J'ly

3SOct

53 Sep
150 Mar 175 Oct
130 Oct 160 J'ne
8 340ct
12'^Sep
33 May 45 Aug
7s8 M»r
9SJan
2 Oct
43gMar
36380Ct 38"gOot
94SOct 96 78 Oot
31SOct 3234 Oct
78SOot 81 Oct
41

J'ne

Outside Market.- Early in the week, owing to the continued stringency in money and the unsettled condition regarding the c^al strike, the outside market was very much
depressed. The more favorable developments subsequently
experienced, however, occasioned a speedy recovery, and
substantial gains were recorded as the week drew to a close.
Thus Northern Securities was forced down over four points
to 105,%, advancing steadily thereafter to 111%.
Rock
Island, in like manner, sagged to 51 for common and 80 for
preferred, rallying later to 58% and 84^, closing at 57% and
82%, while the bonds sank to 86, advancing again to 87%.
Manhattan Transit dropped to 5^, recovering 1 point and
closing at Q}<£- United States Realty common advanced from
30 to 33 and the preferred 71Jg to 76, while Virginia Iron
Coal
Coke rose from 35 to 37%, the bonds selling actively
at 75%@75^. New Brunswick Coal was in good demand at
6@6J^ and Electric L ad Reduction common held firm at
%%, the preferred selling at 5^@5J^. Central Foundry
preferred gained 3 points to 21, while the common was well
inquired after at 3%@4f3. American Can was unusually
brisk, the common realizing ll^^ailj^ and the preferred
48@48%, while America Writing Paper common rose from
5% to 614, wi th the preferred at 23j23Jg. Of the copper
group Montreal
Boston showed the greatest animation,
opening at 2% and rising to 2%
Greene Consolidated
opened at 25, but ran off to 23% under heavy pressure,
regaining the loss subsequently, however, and closing at
24J^, while a large amount of Tennessee Copper changed
hands at 16%@19%. Outside securities on page 840.

&

&

%

1

%

New York

9

1

Stock

5

.

Exchange— Stock

Weekly and Yearly

Record, Daily,

OCCUPYING TWO PAGES
STOCKS— HIGHEST AND LOWEST SALE PRICES
Saturday
11

Oct.

Monday

4"

40

*t>9%

71

99%

69% 69%

94

1'24

93%

94

*122
•141

88%

100i 8

99
104

97-4

102

IO334 10514
94
94

00
12132122

62%
•121% 129

141

»] 1!

.

184% 129 %
"80

83

134

i

80

80

-

171

171

•48%

50

4G".

35%
71%

46ii,i

33 j 34%
71 % 72

491,

35%
72%

35 14
72

:!

215

*

29 8t

29
*S9
*S4

90i.2

87
47

182% 185%
192

192

228

230

195
•155
«190
20

195
165
203

28%

28
*89

91

85
44

17
*50

'2

192

202
20

*42% 44%

90% 91
45% 45%
£0
20%
3834 39%

{

-

85

...

17=i

17»4

*27% 2S 34
37% 38%
06% 67 %

51 12 51 12

01% 61%
87
*60% 62
188
'.-:;

162i2l67
255 260

56
31
71

42% 441
90% 90=,

8S

59
87

8 39%
67% 68

24 14 26

89
*90

90 ip

38

89%

83
90%
146% 141

89 %
144
42
75

43i2

*43
78
,

40%

79
42

72

79% 80
33 % 333.i
54

55 %
37

53
60
S7
62

*83

183

85
26i2

E

19

52
60
*59
189

58%

85
26

1

29

38 s

36% 38%
65% 67
49% 52

70

*30
*50

•120

60
124

120

37

55%

55
120

4

144»4 147

36
70
60
120

78

i

r

1

I

•

!

'

)

i,

.1

'

43%
75% 76%
42

120

J

1

•

26% 27%
.89% 91%
90%

78

32
"60
*5S

Ann Arbor
Do

42
71

200 33 Feb 20 48 34 Mayie 20 Feb 34 Not
pref
100 63 Jan 9
M ay 15 50 Sep 66 Dec
89%
Atcli. Topeka & Santa Fe. 305,340 74% Jan 2
88%
91
Sep 9 42% Jan 91 J'ne
LOO 100"£ 100 34 101% 101
101%
Do pref
30. 810 95% Jan 27 L06%Sep 2
70 May 108 May
104% L05 3s 105% 106 % 106%
L84.870 L01
Jan 14 L18%Sep 10 81 34 Jan 114% May
Baltimore <t Ohio
'.rji. Sep 26
94
94
Do pref
594% 94 K
595Vl
99 Sep 19 83 34 i'«-l' 97 J'ne
62
03% 62% 63% 0::% 64% Brooklyn Rapid Transit. 51,27o 60 Oct 13 72%J'ly2] 55% Od 88% Apr
>121%124 -121% 124 Buffalo Rocli. & Pittsb'g.
"00 110 Apr 4 128 Aug26 77 Mai 122 Nov
122 122
'141 143
'141 145
*J4L ....
Do pref
.. 139
Apr 2 145 Sep 19 116 Mar 146 Not
132% 134% 134% 135% 135% 136% ( Canadian Pacific
93,400 11214 Jan 23 145% Sep 3 87 May 117%May
-so
85
84
S3% 84
87 V Canada Southern
1,210 80 Oct 13 97 May22 54% Jan 89 Not
"168 172
172 173% 174 176 Central of New Jersey...
1,510 170 Oct 8 198 Jan 6 145-'4 Jan 198% Dec
49
50% 50% 53%
52% 54% Chesapeake & Ohio
74.600 45 Feb 20 57% Sep 3 29 .Max 52% May
36% 37% 37% 38 Chicago* Alton
35% 36
9,000 33%Jan22 45%J*lyl6 2 7 Maj 50% Apr
7:;
7::
73% 73% 73% 74
Do pref
2,175 71% Oct 13 79 J'lyl7
72% Jan 82% Apr
'213 216
'214 216
*214 216 Chicago <fc East'n Illinois
134% Jan 21 220% J*ly30 91 Jan 140 Nov
Do pref
Sep 13 151 J'ly 1 120%Jan 136 Apr
29% 31
30% 31
30% 31% Chicago Great Western.. 14,350 22% Jan 25 35 Aug20
Jan 27 Not
•89
91% *89
Do 4 p. c. debentures
91H *89
91%
50 90% May 5 95%.1'n.
90 J'ly 94 a4 Mai
*84
*83
*84
87
87
87
Do 5 p. c. pref. "A"..
200 83% Jan 22 90%J'ni 24 75 May 90%.T'nt
J7
47
47
46% 47
Do 4 p. c. pref. "B"..
47%
1,600 43% Jan 24 51
Aug20 41 pec 56 Mai
18538 188
187 6 190% 190%194% Chicago Milw. & St. Paul. 105,270 160% Jan 27 19834 Sep " 134 May 188 May
'192% 196% "194 197
19434 196 34
Do pref
1,559 186 Jan 14 200% S( p20
75
May 200 May
'.60
230 230
23]
235
Chicago & Northwestern
7,500 204% Jan 14 271 Apr 29 L 68% Jan 215 May
Do pref
230 .Jan is 274% Apr"" 207 Mar 248 Apr
196 199% 200 200% Chic. Rock Isl'd & Pacific
152 -ran 15 206 Sep 22 116% Jan 1751, J'ne
155 165 Chic. St. P. Minn. & Om
155 165
Feb 6 L70%Apr30 125 Mai 14634 Not
190 202
190 200
Do pref
195 Mar 6 210 Apr 15 lso Mar 201 Apr
21
21
21
21% 21% 22% Chicago Tenn'l Transfer. 5,500 15% Feb 21 24%Augl9 1 % Jan 31 Apr
38% 33% 38% 39%
38% 39
Do pref
9,000 30% Feb 20 44 Sep 10 28 a4 Dec 57% Apr
*17% 18
18
18
18% Chicago Union Traction. 2,300 10 34 Jan
23 Apr 29 12 Jan 2034 May
*49
*52
56
56
Do pref.
100 44% Marl5 60 Apr 28 58 May 60 May
99% 100% 101 101% 101% 102 Cleve. Cin. Chic. & St. L. 2,800 95% Jan 14 108% Aug 8 73 May 101 Nov
Do pref
118 Jan 21 124%Sep
11534 Jan 124 Nov
31% 31i4 3l 34 33% 32% 34% Colorado & So., rot. trust 27,400 14% Jan 15 35% J'ly 17
6% Jan 18 Apr
73
70% 70% 71
73% 74%
Do lstpf. vot. tr. cfs
1,935 59% Jan 15 79%Augll 40 Jan 60 Dec
48^ 49
45% 45% 47
50%
Do 2dpf.vot.tr. ctfs.
7.810 28 Jan 14 53% Sep 2 16% Jan 28% Apr
170 170
171 172% 172%173
Jan 7 105 Maj 185% Apr
Delaware & Hudson... 12,990 162%Oct 13
258 260
260 265% 264 264
elaw. Lack. <fc West'n
3,800 253 Jan 15 297 Feb 4 188% Jan 258 Dec
43% 44
44% 45
45% 45% Denver & Rio Grande...
6,550 40% Oct 13 51% Aug21 29% Jan 53i.i Mav
9034 91
91% 92% 92
Do pref
8,000 sS%Oct 13 96 34 Aug21
92%
80 Jan 103% J'ne
"46% 48%
48
47
1,200 39 Feb 1 53% J'ly 11
49
Koines* Pt. Do
18 Jan 45 J'ne
20 % 22
19% 20
5,900 13 Feb 3 25 Sep
21% 22% Detroit South. vot. tr
14% Dec 17 Dec
42
33
41% 42%
Do pref. vot. tr. ctfs. 25,050 33 Feb24 48% Sep
36 Dee 4 0% Dec
87
85% 85% 87
87 Detroi t United
J'ne 2 97 Sep
75 Oct 8 2 Aug
19
19
19% 20
20% Duluth So. Shore <fe Atl..
10 Jan 15 24 Aiig27
4% Feb 12% J'ne
29
29% 2934
30
Do pref
2.030 18% Jan 14 35% Apr 9 13% Jan 22% Sep
29%
30%
lav 19 44% Jan 2
38% 39 14 39i4 39 34 39% 39% tprie
May 45% J'ne
67 4 67%
6734 68
67% 68% JDo lstpref
Oct 13 753j Jan 2 59 4 Jan 75 Dec
5334
5,000 49% Oct 13
52% 52% 53
53% 53
Do 2d pref
ran 2
39% Jan 623i Dec
"59
61
61
60
62 Evansv. «& Terre Haute..
50 Mar26 74% Mar 7
41 Jan 68 Apr
87
88
Do pref
82 May29 104% Fell 2".
si
88
Jan 95 Apr
•60
•59
64
Ft. Worth&Den. C.stmp.
63
"3Y6
lan 2 66 Sep 17
63
63
17 Jan 36 Apr
189 190
191
M92 192
;rcoi Northern, pref
1,700
Mar 5 202% Sep 4 167% May 208 Mar
.35
5 70 Jan 11 90 May22
a Bay«fcW.,<lei). ctf.A
65 Jan 67% Feb
"26% "27%
27% 27% '27 3; "29 %
Do
1,151
9 Jan 8 29 % Oct 3
deb. ctf. B
7% Jan 1 1 % Apr
91%
12,000 66 J an 1 106 Aug s 40% May 75 % Dec
93% 9V
97%
Hocking Valley.
*90
92
9
Do pref
2
Janl4 (17% A
69 34 Jan 88% Dec
146 148
148
1503, L52% illinois Central.,
51,350 L37 Jan 14 173%
124 Maj 154% J'ne
43 14
45
43
45
45
4,970 37 % Jan 15 51%Aug21
46
owa Central
Jan !:i^4 J'ne
21
'76
80
76
76
79
1,900 71 Jan 14
is
Do pref
81%
Jan 87% J'ly
-40
*40
40% 44
400 33% Jan 25 50%Augl4 21 Jan 41 J'ne
44 Kanawha <fc Michigan
7934 "80%
80% 81
3,210 77% Oct 13 ss
81
81
C.Ft.S.&M.,tr.
77% Dec s % Deo
34% 3434
19 Jan 15 39
Kansas City So. vot. tr. ..
13% Jan 25 Apr
57
5,000 44 Jan 14 (i'2h
57%
Do pief. vot. tr. ctfs.
35 Jan 49 Apr
*32
36
300 13 Jan 15 41 Sep 10
Keokuk ifc Des Moines.
18% Oct
*60
*60
70
Do pref
45 Jan 2 84 Apr22 24 Jan A 5 % Sep
70
•57
60
200 ^>^> 4 Oct 13 71% Jan 3
59
59% ri.rie ife Western.
70% Nov
120 130
J Do
120 125
600 120 Oct 8
pref.
Feb 6 L08%Jan 12,5 % Sep
320 340
Nov
1.. Shore & Mioh. 80
Apr
340 A
Apr
.so
•76
75
84
*"95(J 78
81
Oct 1
82 Long Island
91% May 2
Jan 90 Dec
137% 136 H
7.1
139%140
die A Nashville... 41,300 102%.:
159%
May
% J'ne
133% 134% 1343,
135% 136%
Marl2
an 29 83 May 145 Dec
'*
119 121% 122
134%.'
., sub. rec.
L09%Mayl9
L42% 141
19,450
133% 141
>>Ct 13 174
Metropolitan Street
Feb 5 L50 Maj 177 J'ne
Keb
41%
43
41 Nov
EL (Chic.)
89 Mar
913j B
90
Do pref
93 Sep
2(ii4
26',
26
11,735 24 Oct 13 31%Mar3]
26
Jan 30 May
26%
5150 Mar 7
Michigan Central
\pr29 107
180 Nov
LOU
110
Jan 2 7 L15 Apr 19
108
10934 111
iitiKo LOS
Minneapolis <S st. Louis.
111%
123
118 12S
Jan 22
pi-2L24% Ool
75
Nov
Mane. 141575 36% Jan 2 82 Sep 8 15 May
77% 80
S.
L26 34 127
90 Jan U 139 Si
122 % 25
125
Nov
Do pref
Api
30
Apr
29% 30
21,450 24 Mar
15 Jan
35 34
Mo. Kansas <fe Texas
30%
Apr
593, 60%
62
an 13
37
loo-. 110% J 10%
J'ne
107% 111)
357,122
125%Si 10 69
tfar]
Missouri Pacific
JOS
JOS 108
500 80
122 Apr 2 2 ^70 J '11. 282% Nov
Chatt.<£ St. Louis
Nash.
i:m,
19
L9%
i;n.
ot.tr. ctfs
3,760 c 14% Jan
21% s. p
15% Oct
c 3% Jan
<:;-, 39
39
HarlS
Do pref., vot. tr. ctfs 1,000 37%:
40
154 V
150 L5S 1 N. Y. Central & Hudson.. 43,700 14934 Oct 13 168% Jan 2 L39%j"an 174% Nov
2.200 44% Oct 13 57% Aug 8 16
47 %
49%
57% Sep
Ohlc. & st. Louis...
118 120 110 120
117%Mav21 124% Jan 27 97 Mai 120 Sep
Do lstpref
J 20
"
"306 -1 Feb
S8% -88
100 Aug
Do 2d pref
47 Mai :K: Sep

69

1

90

-

70

Uiglust

j

*

190

"39%
33%
77% 73% 79% 80%
33i4 34%
32
55
56%
53

*60

Lowest

Hiijhest

.j

86

18%
28%

84

Lowest

:

37% 3934

28

182

48
20

19»4

17% 18

57
*S3

45%
263%

43

19% 19%
36% 39 14
27

9934

IC8%171
260

40% 42
88 % 90
84

21

*70
45

44i2

Shares

Railroads.

•40

41
71

/or Previou{

Year (1U01)

Week

EXCHANGE

17

Range

lor Year luO'J
of 100-share lots

I

1734

303,

*40

Oct.

,

38%

*50
9834

29 % 30
69
69

43%

194
165
202

17 '1

17
49i2

40
70 h
87% 88 34

Eridau

Range
On basis

tales 0)
the

STOCK

••,

36 34

37%

30%

262

47

193
155
190
20

L62

98% 99

71
45
Ism^ 169

87

4(1

194

100%100 12
30
71

29»4

"84

184 186m
I8O1.1 183%
191% 192
19J.3i 195
228 230%
227 229

*190
20% 19
36
38
17
16%
49%
56

38

29

690% 90%

85
45

Thursday
Oct. 16

*38
'69

41
77

*88

41

*3S

Wednesday
Oct. 15

Tuesday
Oct. 14

1J

Oct.

STOCKS

NEW YORK

I

1

l

'-2

1

80

J 80

82
135i2l38

132

134%
118

118

136% 138%
*39% 41 12
243*

91
2534

J

.

118
135

1

135% 137%

I

3234 134

118
137

2

137

.J.:

'

1

.

.

.

1

:,

.

i

1

I

'-2

..

.

91

24

24 s

107

107 34

70
120

71. "j

1 ]

.

119

25

26

108

109

1.,

74
124

1

;

<

108
*11S
72

123

108
128
74-4

123

28i2

28%

5934

59»4

123

ioe%iio% 102 ^ los%
103 14l04
ISI4 18%
38% 38%

103
18

103

18

7234
92

152%
120
90
225

34%

•90

76% 76%

7:;

(17

85
7414

»21
"73
»36

86

75i4

33% 34%
7334

75%

Mi'.]

7514

106

106

I

.-

J

1

."•

I

SO
41

94

65% 68%
83% 85
7334

75

22

69% 69%
20% 21

75
38

71%
31% 34

7334

41

:

no

:

*227

230

75% 75 14

41

230

34% 34% 34%
74%
78%
92% 92% *9]
76% 78% s77

*90

100
81

230

228

33% 34
72% 74%

•100
81

106

81

106
82

1G0%162% 161%162 34 163

>>

*90

08%

|i

1

.

!

4 6 a4 4,
*110 120
90
'227 227

592% 92%
75

•78% 82
"93"

97
120
94

.

.

1

72

*10O 106 -loo
79
*30
84
I5914I6II4 157
•37
42
97
»110
* 90

j

.

:!

72

18%

..

1

1

08 %
107
19
39
!

L03

*38

.

152 12 153^4 149 4
•46
44 %
48
•110 120 110
*85
-87 12 90
225
•227 230
32% 33 12
•90

29%

29
59

27'.,
57'.,

;

41

•100
»80

\ Hav( 11
V. Ontario 6

'4

Do
Paci.

166%

*90

95

94

68% 69%
85

86

75% 76%

94 34 97
•90

94

68% 69%
8534
76

87
77

20% 21
21 '4 2134
73% 75% 74% 76
35% 36
'34% 37

99
120
94

-on
6934

75

2

7

Jan
Jan

&

Do
Do

St.

79%

3,600
2.000
5,900
2,600

11

lstpref

2d pref

&

Law.

47% Apr

9

8

78%s.|.

'4.Mai 10
.

2. -..ooo

oid, pre!
Josi pn &( o'dlslaud.

:

1 ',

% 21% St.

52

292,970
19,100

tfs.

pref. vot'g

1

8
4

63
137

J'ne

May 40% May
Jan 61% Not
Feb 92% Not
Feb 78 Deo
Feb 103% Deo
Jan 83 Nov
May 161% Apr

14% Jan 50
33 34 Jan 94
72 Jan
86
57 Jan 81
SS Jan 113

Sep

Nov
J'ne

Deo
Dec

J

.-

2d

1

'

8434 s,i.
170 Sep

Mayl7 93 Se;i 8
an 7 105% Sep 4
128 Mavll
oct
96% Maylo

2,000

St. L.

1st pref. vot. tr. ctfs...

42
82
62
89

^eplO

pref

1

75% 76%
36
86%

76
36

36

1

J'lyl.s

300

Securitii
"A" ctfs
ading, vot'g tr. ctfs..
70% RK.

88
88
78 % 79

72%

s

17

71
SO

pref

94

69% 70%
87%
77% 79
•70
72%
21
21%
87 1<

7
1

Marquette

Do

125

24

7

1
Jan 14
93
67%J'ne23 81%L00%Jan 6 L06 Mar

1,000

Pittsb. Cin. Chic.

17;

•110

8

.1

1,800

"o

Do

*96
110
•90

pref.

at,

J206%Feb 217

\]/r:

37% Sep
80% Oct

i-oll

gylvania
i'eoria& Eastern
L'ere

94%

922

Hartl.

Wi

Do lstpref
Do 2d pref

so>,

44

<fc

Western
91

106

164% 161

•41

.\.

ran 11
c.s

ool 10

12
62

Jan

1

1

6

24%

i

50

1

\

81% S<

27

Adirondack...

24% Jan 58 Deo
05 May 82 % Dec
38 Jan 64% Dec
97 Nov 12% Nov
7 % Jan
15% J'ne
55 i>i-i
78% J'ne

:.

90% Sep 10
80% Sep 11
125 Apr23
141% Feb

17

2

S< p
\l:r.

1

Dec

36
L34

,

J'ne

Deo

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
MEW YOBK
AuiericaU

...

Banks
Rid
540

AmerExch.. 275
j'.oweryil ....

luoadway ...

750
326
335

Ask
560
285
1000

Rid

Ask

Columbian .. 350
Commerce... 330

::

Garfield

German AmJ

L6

Ask
245
435

140
500

1

C'rnExnewT 425
170
200

Rid
240

Gallatin

340

East River.. 155
Emp'eStateU
Equitable ... 116
...
b'idelityT] .... 210
Fifth AveD-. 3750
700
60
375 425
Chatham .... 340
Fifth..
Chemical.... 4350 4450 First (new).. 775
Citizens'
14tb streets. 200
300
200 215
* Bid and asked prices; no sales were made on Mi is
1 Sale at Stock Exchange or at auction this week.

Ilutch'sifcDr 150
190
tlentral
*'. uturyU
175

Banks
Fourth

City (new)... t301
ColonialU ... 385

lan. .voortii

.

Greenvrtoh 11

Ham

350
600
350

lit.

170

imp

&

Trad. 650

Irving

105

240

Gorniania'

..

S

t

.

Ii

Mercantile

..

J 50

L66
eroli
Merchants'.. tl85

Mt Morrisll..
c

72 5
\-

\

New

Riyei
S<

York...

19th Wardl
iS'oI'tll

Amel

350

si\

.

.

Se<

240

:60

end
.

Leth. 175
1 .

12th Want'

21:;

Pacitton

240

I'll.

nix

170

nili.uew

SboeA

23d Wardl

1

25

.

..

V

6

110
26
1

LSO
(JnltedStates 360
200
\ arlok Ii...
I

lilted

Ask
676

300
000
660

ali.i.

Northern

-'

May

62 5
160

1

1500
2 T5

650

in

Prod

S

Orients

180%

Rid

Banks
l'l:i'.l"

\

w

1

!2O0

Includes, prior to

Ask
215

m",

\

336
270
295
168
375

1

certilloates.

Rid

HanltK

Motropnewl 450

300
Mutualll
65
Less than loo snares, t als ngiits.

Trust Co.

Ask
280

\i

650

Jeffersonfl-..

day.

Rid
Hunks
LeatberMfr. 260
Liberty
650
1000
Lincoln
Manhattan' 325
.l:o k. WfcKiil 260
-.1... b
285
M e< cfc Trail L60

140

New stock.
banks, a. Ex dividend and rights.
17, dealings in old Mox. Nat. trust receipts.

%

%
%

1

%

.

October

%

9

.

1

StOCK Record— Concluded— Page 2

18, 1903.]

STUC&S— HIGHEST AXD LOWEST SAL/: PMCES
Monday/
OcL II

Saturday
<V£.

11

74%
86

'

Oct.

l

li

IS

Oct.

71% 74

73
86

69
83

Wednesday

Ttiesdau

<

74

86

•-.1

»89
72

Thin
Oct.

74 4

76

81

\ K\V

Friday
16
76 4

76% 77 4

»82

St.

01

the

Range
On basis

lor
of

Year 1H02

100-sharc

LyOivest

00 % Jan

85 4 J'ly 31

4

1

4
31%

73%
30% 314
63 4
70% 7 %

7::

1

?3% 734

82%J'ly 9

Oil

1st prof

73 4

1

1

27

27 4

27

41

41

1U4116
101

90% 90%
61%

61

33

47

48

36
•58
*37

"a

37ia

3

6

34

34 id

90
48ia|

54

9S
40
280
54

9%

*35
36%
2084 21
*47
50

•58
37

60

25% 26%
49

49»4

60
37

6^4

34% 34%
97
90% •90
49
494
49 4

96
•36

240
54>«

96
40
240

37
•21
•47

29

6

38 4 384
240 240
54% 65

5434

11% 4"
11%
41%
10
10%

10% 114
40% 414
94 104

6

•5%

66%
1% 1%

65

90

11%

29k 29%
93%

240

•4

48%

95

20
•47

61

'200

1% 1%
6
34% 34%

484

38% 394
94 9%
35*12 354

48%
27%

•4

6
5
33
34
88 4 89%

1034

33 34

47 34
27
"59

340
£3% 66

63% S3%
1
1%

21
50
26ia 29
93
92%

•93
'6
•23
44

33

200

48
95
•38
240

90

22% 22%
61% 61%

•36% 384
264 26% 26% 27%
00
504 50 34 61%

% 36%

40
240
6234 54

•11% Ilia
•39% 40 4

9%

;

43% 44 34
1174118

90

614 61%
32% 33
46% 47%
27
274

2614

25

*0S

90
*95

90
90%
22 4 22 "s

22 4

01%
30% 31%
44% 46 J

38

116

28% 20%

103% 104% 103% 106%

61

t;o

•MO 240
63% 63
1% 1%

•38
*240

116

4,

26% 27%
50 % 50%

6

4

103
89*i 90

22%

23%

3

28%

43 34
116% 117

13 "a

103

10334

{34
38
43

28

4i)

•27 4 29
42
48
117 IIS

34

37

37
22

36
•20
•47

22

50

60

29% 2934
93% 93 4
6% 6%

29»4

934 934
•6
64

*23
23 25
•23
25
25
25
44% 454 45% 46
44 34
43% 44
Iq 95
94
95
94
94
94
S» l
.130 135
128 129
i"3o"* 132
•132 137
100%100%
•98 IOOI4 IOOI4 100 <4 •95 4 100
1174 12014 120% 122% 121% 123%
119% 121
118 118% 118 119
119 119 •118 120
•92
•92
"92
97
94
*92
94
94
163
161 162
•163 "a 168
•14
•14
•14
15
15
15
14% 1414
•7;")
•74
74 77
•74
77
77
78
100 100
96
95
96
96% 99% 101
229 4 2294 229% 233
*222 230 223 228
•11
1L 34
•11
11
11
12
83% 84% 8II3 83»4 83% 844 84% 85%
•130 135
-130 135
130 135
•131 135
22
22 4
22
21
21% 22
21% 22
216 34 216 34 219%
2114 2144 2144
ais% 210
120 120
122 4 119 119% 119 121
•lWs
3134 32
"32
314 32
33
303b 31%
•82
*&3
82 14 83
84
85
•83
85
136 137% 135 138 '135 13S
•136 1371:
5% 5%
•4%
84*4
4%
4% 5
•36% 37% 34% 36
36% 37% 36% 37 34
178 4 181
179 181
170 4 177
177% 179
"19% 20
18
•19% 20
19% 19% 20
•71
72% 72 4
714 71% 72
71
71
72
72
72%
71
71% 71ia 71 34 72

»16%
*40%
*49%
•91%
*9

46
•103
27

20

15 4

164

51
50
95
12

•40 4
49 4 49 4

49

914 914
9

45

46
106
28

46
10H

103

26I3 27%
92
92

94

170 17 7 4
176
117% 121
123
"41% 41 % 41
41
994 101
100=8 192 4
60
58
59% 60
90
ui% 91 "a 90

•174
122

-an 231i«

2.

35
•87
20*2

35
87*2
21

"34% "*35%

90
10

20

20%

•66
70
61
60
88 % 90

69
55

69
5S 34

88

6 34

220

63
41
•13% 14
•76
78
15
16
62
•39

3» 34 38%

53% 54%
•130
.133*

14is

88

89

17ia

17%

V.

•65

57
39 34
39
87*4 88"4
65
66

•126
*225

13o%
260

90% 92
•211
•211

214
220

91% 92%

*225 232
35 4 36

88

77

7

21%
77% 78
21
21%
21

7 34

204 20 4

65
59
89

•65
60

70
60
91

130

6% 7
63% 64%

62% 6334

140

38

42
14
78

130

13% 13% 14
89 34 90%
87% 88
18
17
17% •17
1434

54

54

•53

69

60
92

91

•6

*38
•13

90

88

20% 21%

4L
•13% 14
•76
78
15% 16

13% 134
•70 4
•75% 78
I514 15%
15% 16
54
53
54
54%
130

140

35 4

88

6%

60% 614

230

34%

77

6

10% 104
46%

*4534
'102 4
28
93

91% 91%

8i>

•014

61
95

106
29
93
93
93
179% 175 180
178
121 123
121
122
414 45 •41% 45
101 102% 102% 103
60
61 34
60 4 61
!

19% 20 4

76%

-49
•90

51

92 4
10

46% 464
102% 106
27% 2 - 4

87

i<6

77% 77%
*20% 21

16% 24
•40% 51

20

•40% 51

54% 54%
•135 145
14 34 15%

89% 90%
17% 17%

56
40

"55

215

210
210

56

38% 39% 394
39% 49%
874 88% 88% 89% 89
89%
654 66% 66
00 34
64% 66
13o4
130 4 125 127 *
220 240 •220 240
89% 90% 90% 914 9034 91
210

210

220

220
220

35

&

Toledo Railways

30

35
30

44 34

45%

&

470

Light

W. v. tr. ctfs
Tol. St. L.
Do prof. vot. tr. ctfs.

Oct
3,710 18% Jan
12,285 35 Jan
4,535 107 Jan
30

J'ly

3(1

&

4

70

Highest

Jaii

J'ly

88

.

66%

41% Jan

39 4 Apr
71 J'ne

Augl3

Sep 9

81% Sep 10

29

Maj

41%Atig21

63% J'ne

Jan
67% Jan

94% Nov

98%Aprl5
92% J'ly 19
5

:i
1

i

134
17 38
21 33
10 49 34
20 129

Sep 3

Feb

35%.inc

18

23% Jan 52% Maj
May 129% Jan

7

117

Sep 1
Sep 2
Sep 2

28

10% Feb
May
Aug25 65% Jan
106% Aug
159%Febl8 147 Apr
424,500 98%Feh28 113% Aug 26 76 May
4,300 86% Mar 6 95 Aug29 81% Jan

ll%Jan
23% Jan
11% Jan
45 May
24 May
144 Jan
384 J an

iUisccll

Express

malgainated Copper...
American Bicycle

J'ne

39
SO

J198 J'lyll 2240 Oct 2 2145 Jan
61 Mar20 79 Feb 1 60 4 Dec
Oct 3
1
8% Apr 14
l%Sep
J %
1%
1,200
6
5 Sep 24 264 Apr 14 10 Sep
6
Do pref
64
35
35 34
35% 3." American Car «fc Foundry 13,070 28% April 37% Oct 3 19 Jan
2,260 85%Jaul4 93% Oct 3 67 Jan
90% 92 4 924 92%
Do pref
4,600 30% Jan 10 57% Apr 28 24 Mar
494 504 50
OL American Cotton Oil
800 86 Feb 3 99% Apr 23 85 Apr
97% 97% *97% 98
Do pref
800 32 4 Jan 14 42% May 2 32 Oct
3S
38
38% 40 American Dist.Telegraph
400 210 Jan 13 265 Aug28 2169 Jan
•238 245
American Express
...l'.J
05 34
3,790 39 4 Jan 9 62% Aug21 39% Dec
Twine „
56
56% American Grass
7,345
11% 12
9% Sep 11 13% Sep 26
11% 12 Amer Hide & Leather
2,530 38% Oct 13 43% Sep 26
41% 41% 414 41%
De pref
2,860
10% 10% 10% 10 4 American lee
9 4J'lyll 31% Jan 2 25% Oct
1,800 32 J'lylO 67 Jan 3 62 Oct
37% 37 4 33 4 37 4
Do pref
1,960 15 Jan 14 28 Apr30
21% 22 h" 20% 21 American Linseed
5% Jan
400 43 Jan 13 58 Marl" 31 Jan
49
•47
47
50
Do pref
12,200 26% Oct 13 30% Apr 29 22 4 Aug
30
30% 30% 30- American Locomotive...
2,413 89 Jan 3 100% Apr 29 83% Oct
94
94
94
94%
Do pref
•6
300
5 Jan 20
74May26
64
4% Feb
6% 6% American Malting
•23
25
•23
21 Jan 20 29 Sep 5 22% Dec
25
Do pref
13,600 43% Oct 13 49%May26 38% Oct
46
47% 46% 46% Amer. Smelt'g & Refin'g.
96
2,100 94 Oct 14 100%j'ne23 88 Feb
96
96% 96%
Do pref
500 40% Jan 22 135 Oct 2 26 Mar
*127 132 127 135 American Snuff
•99 100
317 85 Jas 13 101 Oct 2 73 Apr
100 100
Do pref
70,250 116% Jan 6 135%Mar31 103%Dec
123 125% 125 126 American Sugar Refining
119 120
1,200 115 Jan 2 122 Aug20 111 Dec
120% 121
Do pref
•92
•92
94
MarlO /'Mi Jan 7 294 Jan
84
94 American Tel'gh & Cable
"625 16034 Jan 13 1S6 Apr 4 157% Nov
•165 168
Amer. Teleph. & Teleg...
•14
15
100 l2%J'ne 5 17% Jan 7 13% Mar
§13% 13% American Woolen
•75
•76
77
73 Apr23 80% Sep 22 70 Mar
79
Do pref
«98
2,600 £95 Oct 10 146 Feb 1 28% Dec
99% 98% 984 d Anaconda Copper
900 210 Jan 4 253 Aug28 175 Jan
236 2364 235 236 Brooklyn Union Gas
•11
200 10 Jan 13 14% Apr 23
11 34
8 34 Jan
runsw. Dock& C.Imp't
80
83
83 4 85 Ciolorado Fuelcfe Iron... 42,900 73% Aiur22 110 4 Apr 24 41% Jan
• 130
132
100 2130 Jan 29 2140 Mar26 116 Mar
130% 130% > Do pref
24
23
23% 24% Col. & Hock. Coal & Iron. 9,600 14% Jan 16 24% Oct 17 12 >->Oct
3
15,985 211% Oct 7 230% Apr 25 187 Jan
219%221 4 220%221% Consolidated Gas (N. Y.).
9,814 115 Jan 2 1264J'ue 3 93% Jan
120% 120 4 L21 1211. Continental Tobacco, pref
3;;
3,67o 27 J'lylO 38% Mar24
32
33
33 Corn Products
84
832 81% J'lySl 90 Mar20
84
84
85
Do pref
135 138
135 138 Diamond Match
130% Jan 13 139% Jan 2 127 4 Oct
5
5%
5% 5% Distill. Co. 01 Am.,tr rects. 1,650 4 Augl8 5%Aug22
38
4,900 31% An- 19 38% Oct 16
38% 38%
Do pref., tr rects
182 185
185 187 General Electric
11,086 01704 Oct 13 334 Apr 9 183% J an
3
•19% 19 34
6,300 18 Oct 13 23%Mar20 18% May
19 4 20% international Paper
1,000 70% Oct 7 77% Jan 7 69 Jan
72% 72 4 73
73
Do pref
72
72% 72
2,000 55 J'ne 4 199 Apr 29 54% Jan
International Power
•16% 25
164 20 International Silver
3,700
6 4 Jan 27 24% Oct 6
5% Feb
•404 55
•41
30 Sep 29 65 Mayl7 33 Apr
50
Do pref
""•200
47 Jan 2 57%Marl9 24% Jan
51
51
Internat'l Steam Pump..
400 87% Jan 13 95 Oct 2 74 Jan
Do pref
400
9 Oct 13 19 Apr 24
10% 104
8 Oct
Manhattan Beach
700 43% Jan 14 53%Mar20 37 Jan
46
46% 46% 164 National Biscuit
•102% 100 4 ln3 103
200 103 Oct 13 109% Apr 4 92 Jan
Do pref
12,000 15% Jan 18 32 Sep 26 15 Mar
29% 2934
30% National Lead
1,400 78% Jan 16 96 Oct 2 74% Dec
94
93% 95
94
Do pref
179 183% 178 184 New York Air Brake
2,100 148 Marl7 196 Apr21 133 J'ly
5,000 88 Jan 28 134 Sep 3 734 Feb
123 125
124% 125 North American Co., new
"41
•43
40
100 37%Mayl7 49% MarlO 30% May
45
pacific Mail
1
103 103% 103 34 105
eop. Gas-L.& C. (Chic.) 20,525 98% J an 15 109% Sep 5
95% Jan
61 34
12,212 39 Jan 14 63 4 Oct 3 30 Mar
00% 61 Pressed Steel Car
60%
93 4
92
5,935 82% Feb 4 95 4 Oct 3 72 4 Mar
93% 94
Do pref
238 246
100 215 Jan 13 200 Apr 2 195 Jan
Pullman Company
36
36% 36
36% i»ailway Steel spring... 5,400 24 Apr 16 384 Sep 19
89
89 4
88
VDo pref
1,550 80 Apr 1 90 Sep 2
21% 22
21%
Republic Iron & Steel ... 18,210 10% Jan 2 24% sop 8 11% Sep
11,775 68 Jan 16 83% Sep 10 55 % Jan
78% 73% 78% 79%
Do pref
21% 22
4,500 17% Feb 2 a 25% Apr 21 18 Dec
22% 23% Rubber Goods Mfg
"65
70
500 63 J'ly 25 74%Mar22 65 Dec
70
71
Do pref
60
62
62
4,725 29% Jan 3 83 Sep 4 19% Feb
63
loss- She lfield St. & Iron
•91
•91
92
92
630 80%Mayl9 95% Sep 9 65% Jan
Do pref
•6
•6% 74
1,000
4 Jan 10
Standard Kope & Twine..
8% Apr 29
3% Mar
60% 06% 674 Tenn. Coal, Iron & BE... 31,450 60 "8 Oct 13 74% Apr 24 49% Mar
65%
1).
400 35 Jan 15 444 Feb 18 19 Jan
39
404 •38
Texas Pacific Land Trust
14
14
000 13 Feb 1 18% Apr 3 12 Apr
13% 14
Union Bag & Paper
'6%
77
300 72 Jan 16 85 Apr 5 65 Apr
77
9%
Do pref
16% 16% 164 Tj. S. Cast 1. Pipe & Foun. 8,420 10 4Mayl2 16% Sep 8
15%
55
56% 56% 56%
Do prel
4,400 42 Mayl9 59 Sep 6
300 97 Jan 2 160 Aug28 253 Jan
140% 140% 145 145 United States Express...
14% 15% 14% 14% United States Leather
86,000 ll%Feb20 15% Sep 22
7% May
90 34
91
90%
90%
Do pref
4,970 79%Jan2l 91% Sep 22 69% May
•17% 184 •174 19 United States Rubber
730 14 Jan 2 19% Oct 1 12% Oct
66
56
56
56
Do pref
429 50% Jan 14 64 Mar24 47 Oct
40% 40% 40 4 41% United States Steel
127,688 36%J'nel9 46% Jan 7 24 May
90% 90%
Do pref
89% 90%
86,253 87%J'nel9 97% Jan 7 69 May
67% 67% 67% 67% Virginia-Carolina Chem.. 6,370 60 Jan 18 76%Apr28 BL ."^
130%
Do pref
120% Jan 17 134% Sep 9 116 Apr
245 245
Too 2185 Jan 24 §335 Aug28 2130 Jan
Wells, Fargo & Co....,
92*
est'n Union Tele'gph 20,535 84% J'ly 10 97 4Aug26 81 Jan
92% 92%
91%
•211 220
217 217 West'gh'se El
100 169% Jan 15 233 Sep 11 145 Nov
f g assen
Do 1st pref
215 215 •213% 225
200 180 Jan 8 234 Apr 9 157 Nov

65% 66%
1% 1%

Adams

-War

76%

53%.Tan

-•.

Industrial

21

80% J'ly 30

118% 118% Twin City Rapid Transit.
Do pre!
105% 106': 106% 107 Union Pacific
90% 90% 91
Do pref
91
22%
22% 234 U nitRys Inv't of SanFran 1,384 22% Oct 13 23 4 Oct 17
62
62
3,200 61 Oct 9 62 4 Oct 17
62% 624
Do pref
34
17,375 2134 Jan 14 38% Sep 10
34% 34% 35% Wabash
32,050 41% Jan 13 04 4 Sep 10
48% 49% 49% OH
Do pref
4,900 17 Jan 27 30% Sep 9
27% 28% 28
Wheeling & Lake Erie...
•59
200 49% Jan 27 66 Apr29
61
61
til
1st pref
Do
•37
39
1,825 28 Jan 14 42% Sep 10
39
41
Do 2d pref
9,700 19% Jan 30 31 Aug20
27% 27% 27% 28 Wisconsin Cent. v. tr. cfs
6,430 39 4 Jan 24 57% Aug29
51% 52% 52 34 53%
Do pref. vot. tr. ctfs.

200 240

Year (I'M I >
Lowest

Highest

4, 00
70% May 5
Do 2(1 pref
74%
28ia JO *
29 lg SO
8,700 24% Mar 6
30 "a
31% 33%
lOUiS Southwestern.
69 3 62
63»4 64 ,
30,650 55% Mar 5
65
65
664
67
70%
Do prof
269,570 58 Jan 27
67 4 69%
7!% 73 '- 73
69% 71
.69% 71
74% Southern Pacific Co
37',
37
37%
36%
16% 37
38% 38 34 Southern voting tr. otis.. 65,300 31% Jan 27
3
95
95% 95% 96
95%
95
96%
96
96 4
Do pref. rot. tr. ctfs 10,650 92 Jan 14
»89
•88
100 90 May25
93
90
914 914 ".10'. 93
90
M. & O. stock tr. ctfs
41*4 43
46,360 37% Jan 1;
43% 44% 44% 45% 'Texas & Pacific
42% 43
43% 43%
391a
128 128
400 122 Jan 8
128 128
'127 129
1274127% 127
•138 130
1 bird Avenue (N. Y.).

71V 72%

73

VJlange lor Freviout

lots

Week,
Shares

Louis <fc San Fran

Do

86

Sales

7,000

EXCHANGE

17

Oct.

STOCKS
YORK STOCK

833

91,970
1,700

!

.|

25% May
39 4 May
109% Dec
160 Nov
133 May
99% May
26

J'ne

46 % J'ne
22 J'ne
60 34 Max

38 Mai
26 J'ne
49 34 Apr
2202 Deo
130 J'ne

8% Apr
Apr

35
35

J'ne

89% J'ly

35 % J^n*

91% Jan
40 May
210 Nov
45 Nov
41% Mar
77 34 Mar
30% J'ly
66 J'ly
33% Nov
91% Nov
J'ne
J'ne

8

30
69

Apr

104% J'ne

49% J'ne
90
153
130
100
107 34

J'ne
J'ne
J'ly

Apr
Sep

21% Jan
82% J'ly
54% Apr
228 Apr
14% Mar
136%J'ne

142% Apr

25% J'ne
Apr

238
124

J'ne

1,

-

'-2,

S

&M

1524 Aug
2S9% Dec
28

Mar

81 % Sep

100% May
11 Jan
Dec
il
49
89
22
46

Nov
Oct

Apr
May
103% Nov
25% J'ne
93%J'na

175 Apr
109 J'ne
49 4 Nov
120 4 J'ne
02 Jan
89 Apr

225

Oct

24

J'ne

82

Apr

38% May
90 May
41% Apr
S6% Apr

8% J'ne

76% J'ne
Apr
19% J'ne
75% Dee
42

Apr
16% May
83% Aug
34 Jan

loo

Jan
Apr
Apr
101%
72 Mat
125 Aug
199 34 Dec
100% May
180 Deo
187 Deo
85
55

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks

Bid
Banks
BROOKLYN
Ask 5th Avenue^ 105

*'EW YOKK

Bid
CITY
Washingt'ni; 200
Wash.H'htsli 200
"West Sideli
590
"Western
600
"York viB eli
240

Brooklyn^]
8th WardTi

220%

160

Farm

BowPgGreen 220

100
250
130
75

People's^
206
17th Wardli. 130
Sprague
200
26th Wardl]. 135

Central Tr'st 1875
410
City Trust... 385
380 385
Colonial
Jontinental 660 685

*

Bid and asked

*

Sale at Stock

.....

prices;

no sales on

Exchange

this day.
or at auction this

230
175

Less than 100 shares, i
week, o Ex stock dividend,
2

Lo<fcTr

Ave Tr
Guaranty Tr
Guardian Tr
Fifth

Nassau
350
NatCitv
290
North Sideli. 180
.

Empire State
Equitable Ti

225

BroadwayTr. 165
U'IR'tyB&Tr 775

Bid
Eastern Tr.

N. Y. CITY
Atlantic Tr.. 280

Merchants'.. 110

,

Broadway!

.

Ask

Bid

140
Unions
WaUaboutl] . 105
Trust Cos.

Manufactrs'. 340

Mechanics^

Banks
BROOKLYN

360

First

BROOKLYN

Bedfordli ...
JBoroughjJ

Ask

Ex

Knick'rb'k'r
Lincoln Tr.

McV'ck'rRty
Manhattan
Mercantile ..
Merchants'..

212
200
375
1450
640
725
200
775
400
275
500
1100
t390

rights, d Beginning
s Trust Co. certificates.

Ask
215
205

1525
670
750
210
825
280

Trust Co's Bid
Metropolitan 600
MortonTrust 1090
Mut.Alliance 270
N Y Lite&Tr U200
N YSec&Tr 1375
North Amer. 275
Real Est Tr't 425
StandardTr't 400
Tr Co of Am. 300
TrCoof P.pbc 200
Union Trust 1375
USMtg&Tr 475
Unit States 1725
.

Ask

Trust Co's

Bid

Van N'denTr 240
1110
300

Washington 415
BROOKLYN
Brooklyn Tr 460

285

Ask
250

Flat bush.... 175
Franklin .... 325
Hamilton.... 325
430%
Kings Co

301
220

L Isl L<fcTr. 320%
Manufact'rs. 340

......

Nassau

1775

350
People's
Wiltiamsb'g. 230

220
237

March 31 quoted per cent instead of dollars per share.
Banks marked with a paragraph (II) are State bank*.
1]

H

'

New York

Stock

Exchange— Bond

Record, Friday,

Weekly and Yearly

OCCUPYING FOUR PAGES

BONOS

Price

S3

V S 2s consoi registered. dl930

U S 2s consul coupon tfl930
XJ S 2s consoi reg small.. eJ1930
V S 2s cou8olcoupsinall-tZ1930
V S 3s registered
fcl918
V S 3s coupon
fcl918
XJ
XI
XJ
XJ
XJ
XJ
XJ
XJ

S 3s reg small bonds.. fcl918
S 3s cou small bonds.. 19 18
S 4s registered
A1907
/tl907
8 4s coupon
S 4s registered
1925
1925
S 4s coupon
/t

1906
1900
1900
Currency funding 4s
1920
1924
Dist of Columbia 3 65s
Louisiana new consoi 4s.. 1914
Small
1894-1995
Missouri funding
North. Carolina consoi 4s. 1910
1919
6s
1933
So Carolina 4HiS 20-40
-

J.J
J-J
J-J
J-J

F-A
J-J

J-J
J-J

A-O
J-J

Tenn new settlement 3s. .1913 J-J
J-J
Small
Virginia fund debt 2-3S...1991 J-J
J-J
Begistered
6s deferred Brown Bros ctfs.
Kaitroatl

Alabama Cent Hee So By
laba Mull Hee Sav Fla &
Albany & Susq. Hee Del & Hud
Allegheny Valley Hee Penu BB

W

<fe

West

CqCQ

JSo

January 1

Low High Central of

105% 109**, Cent

Ches

I07kl08%
111
111

108k
111% lll%Oct'02
108*4

'02
'02
'02
'02
'02

97
101=8 Sale

1995 A-O

Begistered

Adjustment g4s
Begistered

/<,1995

/il995

Stamped

/(.1996

Chic tfc St Louis 1st 6s. .1915
Atl Knox & Nor 1st g 5s. .1940
Atlanta & Danv Hee South By
Atlanta <fc Yadk Hee South By
Hee Sou Pacific
iuetin & N
>at Creek & S Hee Mich Cent
>alt& Ohio prior Ig3%s.l925
Begistered
A1925
Gold 4s
A1948
Begistered
......../il94b
Conv deo4s
1911
P Jun & Div 1st g 3 %8l926
Begistered
2)1925
P B E & Va Sys ret 4S1941
Southw Divlstg3%s...l92."
Begistered
/(.192E
Monon Biv 1st gu g 5s. .1919
Cen Ohio B 1st cg4%s.. 1930
Beech Creek Hee N Y C & H
Bellev <fe Car Hee Illinois Cent

Gold 6s

Nov 9 6 k
Nov
M-N "94"

Sale
Sale

6 95% 100
97
101 s8 506 100 105 34
Oct '02
100 105*4
96 Hi 250 92
97
95k
94HiApr'0'i
93 H) 94 34
92 Hi
69 91*4 95 34
94

Wl-S

ii4%iiT 114HiOct'02

J-D

Cliicde P Wlstg5s
Dak & Gt So g 5s

114*2114*2

W

1st 5e

91%
100%

Sale
Sale"

y-J

M-S

109 Hi Sale
90

-M-N

Q-F
M-N

97Hi Sale
89 Hi Sale

J-J

ti

93
95 101 93
97 Apr'02
96*2
99?8 101 285 99%
104 Sep '02
102
109Ha 109H. Yo 104
90 Oct '02
90

96
97H2
88 34
89 H2
90kJ'ly'02

114k

M-S

108

107

J'ne'02

Sep

'02

Bklyn & Montauk Hee Bong 1
Br una & West Hee Sav El & W

N Y&

Erie Hee Erie
B &, F gen g 5s... 1937
AB & West 1st g 4s gu..l998
1943
C1& Mali 1st gu gos
Boch<& P:tts 1st g 6s. ..1921
192'2
Consoi 1st g 6s
Buflalo & Southwest Hee Erie
Buffalo <£s Susqu 1st g 5s. .1913
Begistered
1911
dl951
1st refunding g 4s
Bur Ceilar B <fc No 1st 5a. 1900
Con 1st & col trust g 5s.. 1934
Begistered
1934
Buffalo
Buffalo

M-S
J-J

F-A
J-D

100

*

103
.

e

Feb'02
Jan '02

105H2

105H2

124
118
106

J'ne'02

104% Oct '02
124% J 'ly '02

107 Hi Sep '02
107 Aug'01

Ad

UP

BB

Begistered
Consoi gold 5s
Begistered

^1945 F-A
194" M-N
1945 M-N
pl945 Oct

1st pref income g 6s
2d pre! income g 5s....pl945
^19-15
3d pref income g 5s
Chatt Div pur mon g 48.1951
Mac & Nor Div 1st g 5s. 1946
Ml'.! Sa & Atl Div 5S....1947

Mobile Div 1st g 5s

1946
CentolNJ 1st consoi 7s. .1902
1987
General gold 6s
Begistered
/U987

Oct
Oct

J-D
J-J

J-J

93

Sinking fund deb 5s
Begistered

103

102

124%124

4

J-J
Q-J

107*2 111

Registered
General gold 4s
Begistered
Coll trust SerieB

95

93

108
110
105H>Sep'01
79
79 Sale
78H,
37 Hj
40
40 Sale
26
28
28 Sale
92 Aug'02
90 Hi
108*4 Sep '02
112Hi

H4s

106*2 109 34
119*2123

70 106*2113*2

110

Sale

113

102 J'ue'99
112 Hi Apr'02

101k May'02
135" 136* 135 Oct '02
l36 34J'ly'02
133%

ib'o"i"i2 -i
101 4 103%
1

'

132
131

141
139*4

DesM

1

i

Gr Rapids Ky

i

g5s...a 1916
Boms By Co lstcon g5s.. 1930
Market St Ity 1st g 6s.. 191:,
Met St By gen col tr g 5s. 1997
1st

A-O

.104

103%

M-N

110
.113% 114
102
103

F-A
P-A

101% Sale
87% Sale

J-J

J-J

J-J

101

86%

103%
Jan '99
May'02
Scii '02

101%

87%

98
95

J-J

A-O

Apr'02

98

"98"

103

Mar'tl*

117

117*

J-J

K-A

117

Sal<

117

122

117% 119%
Bway& 7th Av lstc g 5a 191: J-D 117 119 117% 117%
No price Friday; latest price this week. aDueJan d Due Apr e Due May

111 3
139%J'ly'02
123*2 Sep '02
124 34 Mar'02
123*2 Oct '02
111 3 !

113%
115

,!

138*2139%
122*2 126*2

124% 124k
123*2125

131
131
117 Sep '02
115 May'02
194*2 194 H:
llL"4 At- 02
113's 113*8
105 Hi J
104 34 -Jan '02

132 *a
117

126
113

113%115
182*2 196
112 115

110k 117
104 34

120 H> Mar'02

119 k.
114

124% Apr '02

118*4.
112*4
132*4.
120*8.
108*4.

120*2l20*a

•

Oct '02
107% A

120% 124
iu7%llo*a.

122
l!ti

HsOot '02

102%.
102

101*2

182H2 191

Sep '02
Oct '02
Sep '02
Mar'02
Oct '02
Mar'02
120H: AuVO'J
135k Sep '02
102 Oct '02

115*4;
107 34
U3 34.
.

117%.
120 Hi
135

.

106

J

117

115

120*2 l'-3*4
135 141

10lkl04 3V

40 101*4 104
1117
io7*a

'02
'02

106% 106%
06%100*8

106*8 J'ne'02

Nov '98

103

115*2 J'ly '02

117

105

108% 109*»
114 HTHl
113 34ll5
116%121*»

102

107% Oct
106% Oct
.

*a

119

116

L16
109
115
115
119
117

.

112 34

104%

118% 124%
114k 118
116% 12 Ik
112*4 115k

114*4 Aug'02
118*4 Sep '02
113*4 Oct '02
137*a

.

109

115" iiiT"

Oct '00
Aug'02

108*2 110**

111
109

107%May'01
i'o7"'ii'o'

Oct
Oot
Oct

'02

Oct

108
108
115
111

'01

i'0'7" ib'9**J

"01

Jan
Oct

113
108

117%^

114

'02

123Hi J'ne'02
123 May'01

i2l"ai24*"

'ul

'02

109 *»

103

110*4 Aua'oi

II6H2 J'ne'02
133 %.J'ly '02

ri6"aii9*5

133%
122*8 125

125

Aug'02

133%
133%

142

125
128*a
142k 142*2
139*2 139 34

'.j

133%137 34

Feb '02
Jan '02

107% Feu'01
114k 116% 114k Sep '02

128
127

110%

128

Sale

128

129

128*8 Aug'02

my
132

1 128

12/% 131

108% 116 105*4 !. 8
108% Sale 108
109 112
HlHsApr'02
J'ly'O'.
100*4 100%
00%
99% J'ne'02
99% 99%
99*2 J'ly '02
99% 99*a
99% J'ne'02
99 k 99%
!

1st 58.. ..1923

.10*2 Apr'02

109*4110%!

138*4
138*4 Oct '02

137% 142
138*4 141%

,

J-D 138*4
M-N 138*4

138k

J-J

137H.Sep'02
129 Sep '02

137

A-O
J-J

87 H;

87*a

i

37

Hs

140

127%130%
86

87H

90%;

on Next l'a«e.

96% 96H
120
120
'98*4

.

sale

124%
109
Hi'.i

120

97
125
101

106
110

96% 99
124%

97
120

1231. J'li

120
20
97
123
101

05

98

1

.

J'ly '02

Aug'02
<ici

;

»4

124

101%
127
103

'99

"iio"

J'ne'02

iio"

114%I\oVO]

109% Dec '99

I

cm

/tUue.j'ly

123
123

I

.vt

tJas ami Electric Light
Atlanta G L Co lstg 5s.. .1947 J-I
Bos U Gas tr ctls s 1 g 6s. 1939 J- J|
Bklyn U Gas 1st con g 58.1945 .VI Nj

no

107*4110
116 122
111 114

99%
98
91k 91%

Chicstio-yi -1st

i

99% 100

Sep '02
116

99*8ila>'OL
91*4 J'ly'o'.'
97 Deo'00

Guaranteed gold 5s
in, ,ii 1,1 (Clue) 1st H oa.

Due

Mar'02

108
116

117*4.

1

</

HI Hi

'

I

J-D
J-J

114k 116k
104% 106

112
113

5a. 192b
40-year consoi gold 5s...

Nov'Ol

109

J-J

100*2 103*2
98Hj103Hj.

107 34

194*2 Sale

M

I

102% 106*4

'02

108*2 108*2
109*2 Aug'01

130*al32
118

Street Knilway
St By— (Con)liet g 482002 A
Col&9thAvlBtgug5s.l'.''.'.; U
Lex Avdi P F 1st gu g 5s 1993
Third Ave Bit con gu 4s 2000 J.
Third Ave By 1st g 5s. .1937 J
MetWS El (Clue) lstg 4s. '.'•' F
mo ElBy&li 30-yr gos. 1926 F
\i inn St Ry 1st con g 58.. I'.'l 9| J
-; Paul City cab con g 5a

W

79

104%J'ly'02

114 34.
lll 34.
132*2.
123*8.

M

J'ne'00

J-J
J-J

83 k SS
7 9
86
83% 83 34

80 34

100

& O con 6s.. .1930
Chic St P
Cli St P & Minn 1st g 6s 1918
Wisconsin 1st 6s. ..1930
Nor
St P<fc SCity lstg 6s... 1919
Chicago Ter Trans g 4s. ..1947

84

102%104*a

£3*4

114%Aug'02

103% 110% Met

J-D

83 k

105 *»

100

101%

C'hic&StL &eeAtchT&S;i We
Chic St L <& N O Hee JU Cent
Chic St L & Pitts Hee Penn Co

112 Hi 114
100 106
100*4 105
45 86H) 93

104
98

1905
1 906

Extension 4s
Keok<fc

IO8H2H6

108*8109

1910
1915

lst2HiS

89Hi
32*2 44 H:
I8H2 31
91 34 93%
108*4 108*4

Apr '01

100*2Aug'02
99 Oct '02

100*2.
98*2.

....1988
4s ...1905

N 4s ................1916
DesM& FtD 1st 4s....l905

105"il0k

104»4 Aui'00

1917
1988

C

106

123*2

J'ne'01

105
103

103% Oct

103*4.

1933

M 48

76

115
117

83 34 Apr'02

Ashland Div 1st g 6s.. 1925
1924
Mich Div 1st g 6s
Convertible deb 5s. ...1907
1911
Incomes
Clue Bock Isl& Pac 6s... 1917

lUlSCELLANEOUS BONOS—Continued
Street Itailway
1945
Brooklyn Bap Tr g os
Atl Av Bklyn imp g 5s.. 1934
lstcon 5s. 1916, 1941
BkCity
Bk y Co & s con gu g 5s. 1941
Bklyn Uu El 1st g 4-5s. 1950
Kings Co El lstg 4s
1949
1951
Nassau Elec gu g 4s
City tSc s By Bait 1st g 6s. 1922
Conn By&LlStcfe rel'g 4 is '51
Ben Con Tr Co 1st g 5.s... 1933
Den Tram (Jo con g 6s.. 1910
Met By Co 1st gu g Os.. 191
Det 'it st k.\ 81 <'<m g5s. 1905

80*2 Sale

Winona & St Pet 2d 7s.. 190,
Mil L S & West 1st g 6s 1921
Ext & Imp s fund g 5s 1929

118

118

112
114
119

102%J'ly'02

1910
North Illinois 1st 5s
Ott C F & St Paul 1st os 1909

3

104% 107*2

Sale

1933
Des Mode Minn 1st 7s. .1907
Milw& Madison 1st 6s.. 1905

103*2 106*4
124*4 126*4

107 Hi 109k 109 J'ly'O
122 12 1^ Oct '02

J-J

M-N

J'ne'02

& D Exten 1st 7s

M

Nov'99

103 %.
11978

105

I

May'02
Sep '02
119*6 120

114

83*.

LaCrosse & D 1st 5s
Mineral Point Div 5s
104
So Minn Div 1st 6s
Southwest Div 1st 6s
118
93*2
Wis& Minn Div g 5s
Mil & No 1st
L 6s. ...1910
1913
1st consoi 6s
96 101
1915
88*2 91% Chic & North w cons 7s
1902
Gold 7s
90*4 90*4
1902
Begistered
114*4 114*4
Extension 4s
1886-1926
108 108
Begistered
1886-1926
General gold 3His.. ...... 1987
.«1987
.»ius
Begistered
Sinking fund 6s. ..187 9-192
1879-1929
Begistered
Sinking fund 5s. ..1879-1929
116 119*2
1879-1929
Begistered
Debenture 6s
....1909
1909
Begistered
128 130*2
1921
Debenture 5s
125% 129*2
97
105

H

Hee N Y C &
CedBlaF&.N Hee B C B & H
1st g 4s.. .1948 J-D
Cen Branch
Cen Branch By Hee Mo Pac
Central Ohio Hee Baiti & Ohio
Cen BB B of Ga col g 5s 193 M-N
1st g 5s..j>1945 F-A
Cent of Ga

&

'02

Apr'97
May'02
Aug'02

J-J

J-D

Sep

117

103
130
126*4 127

A-O
A-O

A-O
A-O
A-O
CBIF&N Wlstgu5s.l921 J-D
& St B 1st gu g 7s. ...1927
M
1908 J-J
Canada South 1st 6s
1913 M-S
2d 5s
Begistered
1913 M-S
Carb & Shawn See 111 Cent
Carolina Cent i'eeSeab&Boan
Carthage <fc

ii7%ii9

A-O

97*4

106
105

113*2 Sep '02
.103*2 103 Sep '02
99*8J'ly'02
101*4 Apr'99

1924
1910
1910
1908
1919
1910
1910
1909
1921

&D

J-J
Q-J

105
102

121

1921
1916

Far & Sou assu g 6s
Hast
Div 1st 7s

A-O

115

105 34 Sale

BouisvN A<fcChlst6s.l910
& St Paul con 7s 1905
Terminal gold 5s
1914
General g 4s series A..<?1989
Begistered
el989
General g 3HiS series B.el989
Begistered
el9S9
Chic<fe LSuDivgos
1921
Chic & Mo Biv Div 5s. ..1926
Chic<fc Pac Div 6s
1910

97
100
100

Mar'02
102

113*2 112

<j1911

1st consoi g 5s

W

M

&

Chic Mil

N

liii

111
120

Hee So Pacific Co
& Sav 1st g 7s 1936
Ohio g 6s ser A../il908

J.

No Low Uiq/l
112% llo

-Hty/i

106
102

102

Since

January

113*4 Oct '02

100

Range

Is

Pacific

Charles

108 34 113
132 139 Hi
137 34 139 34

Ask Low

114

1939
Begistered
1939
General gold 4H2S
1992
Begistered
1992
105*4 IO6H2
Craig Valley 1st g 5s
1940
104 106*2
B<fe A Div lstcong4s..l989
2d consoi g4s
1989
Warm Spr Val 1st g5s.. 1941
95%Feb'02
94 34 95*2
Greenbrier By lstgu g 4s '40
93k.. -.
Clue & Alt BB s fund 6s.. 1903
the ba sis oi four marks to
ne do liar.
Befunding g 3s
98 34 Aug'02
96 100
1949
hese are pr ices o n the asis or $5 to £.
Railway 1st lien 3*2S... 1950
Begistered
1950
106 .... 10458 Sep '02
Chic Bur & Q consoi 7s. ..1903
104% 107
Chic& Iowa Div 5s
109% Oct '00
1905
102% Mar'02
102*2 102*2
101
Denver Div 4s
192^
Mar'02
11 1
Illinois Div3His
111 111
1949
123
126 Oct '01
Begistered
1949
106% 106%
106 107
Iowa Div sink fund 5s. .1919
109% Feb '99
Sinkingfund4s
1919
Nebraska Extension 48.1927
104%) Jan '02
Begistered
104%.
104 104H2
1927
136%J'ly'01
Southwestern Div 4s
1921
120 Mar'00
Joint bonds Hee Great North
95 34 Oct '02
95*2 96%
Debenture 5s
1913
95 Aug'02
95
Han<& St Jos consoi 6s. .1911
94
3
96
96%
96% 25 95*4 99 4 Chic <fe E 111 1st s f cur 6s. 1907
1st consoi g 6s
1934
General consoi 1st 5s.. ..1937
"li'lsale
13% 15 250 8
15%
Begistered
1937
Chic & Ind C By 1st 5s. 1936
Chicago & Erie Hee Erie
Chic In & Louisv ref 6s. ..1947
Befunding goldSs
1947

Oct

lll'a 111

136% 137 1, 137 Sep
137% 138% 137 34 Oct
104% 105*4 105% Sep
105 "a 106 Hi 105% Oct

Last Hale

Bid

Le & Hud B gen gu g 5s 1920
Leh & Wilks B Coal 3s.. 1912
Con ext guar 4Hi8
yl910
N Y & Long Br gen g 4s 1941

'02
'02

105 34 110
107 107
106% 109H)
107 34 112 Hi

N J —( Continued J

Week's

Range or

October 17

Am Dockcfe Imp gu 5s.. 1921

108 34 109 7s
107 34 109%

J'ne'02

107

Hee Bull B & B
Hee Cent of
J
/il096 Q-J
Ann Arbor 1st g 4s
Atch T & S Fe gen g 4s. ..1995 A-O

Alleg

High

108%109

Q-F
Q-F

2

Bos
C 4s

Am Dock &

Ask Low

107% 108*4 107% Oct
108% Oct

Q.-F
0,-f

Frankfort-on-Main 3 His ser 1. M-S
These are price s on
V S of Mexico s i g 5s or 1899 Q-J

Class
Class

Last Hale

Price

Friday

STOCK EXCHANGE
Wekk Ending October 17

N. Y.

Q-J

foreign Government

State Securities
Alabama class A 4 to 5

17

109 34 110% 108 34 Aug'02
109% 110% 107 34 J'ly*02

CJ-J
Q.-J

Q-J
Q-J
Q-F
Q-F
1904 Q-F
1904 Q-F

S 5s registered
S 5s coupon

Hince

October

Q-J

BONDS

Range

Range or

Bid

Government

U. S.

Week's

Friday

STOCK EXCHANGE
Week Ending qctober 17

N. T.

09

Dec '97

91%Oct '98
117"" 120*5
117% Oct '02
117%
k Due Aug p Due Nov qDueDeo aOptlou sale
.

3
9
1

October

J

1

Bond Record

18, 1902.]

BONDS

Price

Weelc's

Range

Friday

STOCK EXCHANGE

N. T.

ICange or
Last Sale

since

October IT

EX EXni.Nl? OCTOBEU17

n

Bid

A-

D

eons,,

l

s

2d gold 44*
1937 JCin D<fc I 1st gu g5s. 19
see C C C & St L
I st L A- C
Cin s A U SeeCCG St L

MX

1

114

:

>i

J'ly

1 1

•(>•-'

Mall

Cleveland
1993
General g 4s
193S
Cairo Dlv 1st gold 4s
Cin
i M Div 1st g 4s. L991
St L Div 1st cul tr g 4s.. 1990
Registered
L990
Spr* Col Div 1st g 4s.. 1940
1st g 48.. .1940
TV
Val Div
C I St Lit C oonsol 6s. .1920

1014

J-D

W

101

Nov'99

Sep'O:

103

Oct

102

'.'.'.'.'.'.

Q-F

JJ

Oct

1044 102

ii4>4

Q-F

'02

J-J

i04 4Nov'0i

A-0
Q-J

99

A-0

100

98 "a

1'9

764

Ts 7s Sale

Apr

T^

:

A-O

L16it Aug 02

J J

123

,

Penn Co
8£

Col Midland 1st s Is
1947 J-J
Colorado A- Son 1st g4s...l929 FA
Coluni cfc Greenv St t So Ry
Col cfc Hock Vai See Hock Val
Col Conn & Term See N &
Conn cfc Pas R'.vs 1st s 4S.19 13 A-0
fSakit Gt So SeeC M & Si P

T

e

sale

82 ia
91

93

92

W
W

MS

83i,

82i4
91

92

1174Mav'0':
Sep '02
137 Sep '02
140 Oct '98

8r>3j

97

J-D
J-D
J-D

W

117% 1204

135-i.j

M-X

138

135
137

141

135^ J'ne'02

1334137
1154118'*
102

AO

115isAus:'(>2
102 J'ne'02
114>4 May'02

M-S

143

J'ne'02

143

144

L49
113
1 22
106

Aug'01
Aug'02

113

11534

106

109

J-J

FA

115
104 34

M-N

FA
MS

.

109

A-O
A-0
A-0
A-0

Rens

.

106 n

'02

lll^Feb'02

J-J
J-J

101

J-D

iio* iiok; 110

111%111%
14741514
14741474

89

9941044

Oct '02

J-D

I

1144117%

147 4 J'ne'02
147 4 J'ne'02

M-N
M-N

a.- Saratoga 1st 78.1921
Registered
1921
Del Riv RR Bridge See Pa RR
Denvcfc li Grist eon g 48.1936
-.1936
Consol sold 4 4s
Improvement gold 5s. ..1928
Rio Gr So gu See Rio Gr So
Den cfc s West gen a g 6a 1 929
Des Moi cfc Ft D See C R cfc I P

Aug'02

10034

101 14

1084

Sale

1054

J'ne'99

Oct

1084

1084112
109 1134

844

91

cfc

85^

MS

Registered
2d 6s

Dul So Shore

cfc

East of Minn
ast

Ten Va

cfc

94

...1937 A-O
191(1 J-J
Atl g 5s. .1937 J-J

Ga

.See

Registered
1996
1st consol gen hen g 4s.. 1996
Registered
1990
Penn coll tr g 4s
1951
BuffN Ycfc Erielst7s..l91f,
gold 6s
Buff & S
1908
Small
1908
Chic cfc Erie 1st gold 5b.. 1982
Jeff RR 1st gu g5s....al909
Long Dock consol g 6s. .1935
Coal & RR 1st cur gu 6s. 1922
Dockcfc Imp 1st cur 6s.. 191
Y & Green L gu g 5s. 1946
Mid R R of N J 1st g 6s. 1910
Y Sua & 1st ref 5s. 1937
2d gold 44s
1937
General gold 5s
1940
Terminal 1st gold 5s... 1943
Regis $5,000 each.. .1943
Wilkcfc Ea Istgttg5s.l942
Erie & Pitts See Penn Co
Evans cfc T H 1st cons 6s. 1921
lstgeneral gold 5s
1942
Mt Vernon 1st gold 6s.. 1923

W

W

g

85

Sep

92 4 95 4
844 87 34
92 !o 95 4
112% 115

:)

4

'02

J'ly'02

Sep

114

M-N
115

M-N
M-S
M-S
A-O

J'ne'02

118

.

116%.
113%.

115

111

'02

112% 115

May'02

1154 118
118% 122
115 1164

HO^J'ne'O:
116 4 Apr '02
117 Oct'Oi

116 4.
107
137

'

117

121*4

109 14 Jan '02
137 4 Sep '02

108% 1094

136 Sep '02
99
99
984J'ly'02
84 14
86%

136
98

"86% Sale
92
130

J-D

130

.

.

99

J-J
J-J
J-J

FA
J-D
J-J
J-J

Sale

91%

Sale
Sale

92
130
123

123
100 Aue'02
137 >4 J'ne'02
116 34Sep'02
118 4 Apr '02
109 Oct '98

A-O
M-N
J-J

MX
A-0

11 4%

114
103
108
110

114

J-J

FA
F-A

M-N
M-N
J-D

112

Aug'02

1144
Apr'02
108 4
110

1144 Sep

114

'02

137

142
139
102

130

96
133

123

39

125%

91

103% 106
1364 1374
116% 121

112

1084H2

112

5s.

115

M

May'02

W

cfc

ChGL&CCo

6'eePGcfcCCo

. .

1

No price

Friday; latest

Sep
Sep

2

'02
'02

102
112

1064
112

1094112

Sep'Oi

94%

96

GS2

Sale

1084

109

1(1

106

106

>4% 97s»

1074H2

Aug'02

105»4 106

113% Oct '02
1134Mar'00
104 4Mar'02
102 4 Apr '9b

1134116
1044 i.05%

104% Aug'02

104% 106%

loo

cfc

114

116

1034 106

L04%May'02

.106

102 Oct '01
104 4 Oct '02

104% 104%

"

9s%

98%

Sep''02

"'014

May'99

123

87 4 May'02

98 \

874 874

984
4

oct '02
Oct '99

984 ioi*"

'o

Xov'OO
Aug'02

1114114%

101
100
111
124

00

Mav'01
Nov'98

1274 Aug'02

1274131

Sep '01
104% Apr'02

104% 104%

106%J'ly'02

106% 106%

ioi" Mar'02

ib"i'"io4ia

124

103

1074
1074

108

101

102»4 Mar'O':
I26 l4 Sep '02
100 Oct '02

100

Aug'02

75
116
95

1234 125 w.
99
75

1184

78

1174

Sep '02

105% 109

102%
1214127
984103

1174

9o4 Aug'02

80

119%
97

C
F

Bl8tgug.5s.1929 A O

M

See
K <fc T
gold 3s.. 1050

70

Sale

1950

Kentucky Cent
Keok cfc Des Mo

See
See

L cfc X
C R I

cfc

70
68%
634 Oct '00

156

68% 74

P

Knoxville cfc Ohio See So Ry
Iake Erie cfc Wist g 5s.. 1937
J 2d gold 5s
1941
North Ohio 1st gu g 5s.. 1945
L Sho cfc Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Registered 5s
1997
Leh Val N Y' 1st gu g 4 4s. 1940
Registered
1940
Leh
Ter Ry 1st gu gos.1941
Registered
1 04
Leh V Coal Co 1st gu g5s.l933
Registered
1933
Lehcfc N Y 1st guar g4s.. 1945
Registered
1945
El C cfc N 1st g lstpf 68.1914
Gold guar 5s
1914

1194.

121

118

1184 Oct
115 Sep

.

1114.

Oct'O
'02
'02

1204123
116 118%
1124115%

1104Feb'02
109

V

.

109

1104

Ho

109

112

Sep '02
1094J'ne'02
11 8% J r.e'02
109 4 Oct '99
1084 Sep '02

il3**

107"
* "9*6*4!

97

J'ly'02

10941094
118%120%
10841084

'WW

101% Sep "'99

<fc

<fc Caney Val
teMoP
Long Dock See Erie
Long Island lstcon g5s./il931

.1174 118

Oct

hl93l
1938

.1024 102

102
May'02
Oct '00
101

Leroy

General gold 4s
Ferry gold 4 4s
Gold 4s

192^
!

106

L

H&

Cin

cfc

Lex gold 44s. ..1931

1st gold 6s. ...1930

2d gold 6s

103
100
101
111

Jan

'02

1930

118

122

101% 104%
103

104

99
111

103
111

112

118

108

109 4J'ne'01
112 Mar'02
112 4 Jan '02
112 4 Apr '02
1194 Sale 119 4 1194
116 J'ne'02
iof'sale 100 4 1014
100 Jan '02
1154 116 Sep '02
974 99
98 4
984
106 Dec "00
115 May'02
103 Jan '98
130 4 Feb '02
1274.
124 % Apr '02

Coll trust gold 5s
1931
Coll trust5-20 g 48.1903-1918
Cecilian Branch 7s
1907
E
Nash 1st g 6s... r1919

N Ocfc M
NO M

7
ibo" *

'02

1124112%
11241144
118% 122
116

117

100% 103%
100
115
98

100
116

101%

1144116

12841304
122 124%

on Next Page.

and Electric Light
Mut Fuel Gas Co See Peop Gas
Newark Cons Gas con g 5s 1948 J-D
N Y G E L H & P g 5s... 1948 J-D 1114 Sale 1114
Purchase money g 4s. ..1949 FA
95 Sale
944
Ed El 11! Vst convg 5s. .1910 M-S 1054
924 994
105 4
i-ns

Columbus Gas 1st g 5s
193
Conn Ry <fc L See Street Ry
Con Gas Co See P G cfc C Co
Detroit City Gas gos
1923
Det Gas Co con 1st g 5s... 19 18
EdElIllBkn .VfcKCoEL&P
Ed E 111 .See N Y G cfc E L H <fc P
Eq G LN Y 1st con g 5s.. 1932
Eq G cfc Fuel See P G & C Co
Gascfc ElecBeruCocg5s.l949
Gr Rap G L Co 1 st g 5s. 1 915
K C Mo Gas Co 1st g 5s. ..1922
Kings Co El Lcfc P g 5s... 193
199'
Purchase money 6s
Ed El II Bkn lstcong4s 1939
Lac Gas L of St L 1 st g 5s. e 1 9
Milwaukee Gas L 1st 4s.. 10
*

87'',

LS&MS

See
See Tol <fc O
See St L <fc S

Registered

<fc

Electric Lisjht

106 3104
87 4 924

115

Sale

IIS

1

GR
Kal A Mich
an
K C Ft S M

MISCELLANEOUS BONDS—Continued
Gas and

1134
87%

101

1932
Unified gold 4s
1949
11841184
Debenture gold 5s
1934
Bklyncfc Mont 1st g6s.. 1911
114%118
1st 5s
1911
N Y B cfc M B 1st con g 5s 1935
114 118
102 103
N Ycfc R B 1st g 5a.. ...1927
NorShB lstcon ggu5sol932
10741104
110 1164 Louisv cfc Nashv gen g 6s. 1930
Gold 5s
1937
Unified gold 4s
11241154
1940
Registered
1940

12141264

J'ne'02

High

10641064

112

Hud R See Cent of N J
Leh & WUkesb See Cent of XT J

1214J'ly'02
110 Aug'02

121

];0W

1004 Feb'02
Mar'98

109

1051
1951
Gold 34s
Registered
1951
Meniph Div 1st g 4s.. .1951
Registered
1051
St L Sou 1st gu g4s
1931
Ind Bl cfc West See, C C C cfc St L
st g 5s
Ind Deo cfc
1935
1035
1st guar gold 5s
ind 111 <fe fa 1st g 4s
1950
Intcfc Great Nor 1st g 6s.. 1919
2d gold 5s
1900
3d gold 4s
1921
Iowa Central 1st sold 5s.. 1938
Refunding g4s
1951
Jefferson RR See Erie

984 984
844 90
Leh

112

J-J
A O

t/0

105

1 1

Registered

1st consol gold 4s

123

M-N
A-O

A-O
1930 A-O
Evcfc Ind 1st con grug6s..l926 J-J
l?argo & So See Ch
<fc St P
t
J- lint cfc Pere M See Pere Mar
1st

4

High
Sep 00

96

sold 48....1953

Kan C cfc Pacific
1024 Kan City Sou 1st

101

So R y

1st consol gold 7s
1921 M-S
1st consol g fund 7s
1920 M-S
ETie 1st con g 4s prior. .1996 J-J

SullCo Branch

1024

115

.wstpm&M

Elgin Jol <fc East 1 st g 58. lull
Elm Cort cfc N o See Leh <fc N Y
Erie lstext gold 4s
1947
2d ext gold 5s
1919
1923
3d ext gold 44s
4th ext gold 5s
1920
5th ext gold 4s
1928

N
K

s5
94
114

salt

Low

103

111
111

1023
BellevA-Car 1st 6s
Carb cfc Shaw 1st g 4s... 1032
Chic St L& N O g 5s.. .1951

cfc

934 Aug'02
:,

OO

•....

1

KC MR

Feb'01

1024

Gold 4s
1995 J-D
1951 J-D
Det Sou 1st g 4s
Ohio Sou Div 1st g 48.. J.941
Dnl <fc Iron Range 1st 5s.. 1937 A-O

1144115I-.

Since

January 1

Last Sale

100

Registered
1053
Cairo Bridge go id 48
1950
Louisville Div gold 3 4s. 1 053
1053
Registered
1021
Midland Divreg5a
1051
Div gold 3s
St Louis
1051
Registered
Gold 34s
1951
Registered
1 05
Spring Div 1st g34s... 1951
Western lanes 1st g 4s.. 105]
Registered
1951

cfc

111

Ask:

1

ASA

cfc

Minn See Cli & N \v
Des M
Des Moi Un Ry 1st gas. .1917 M-N
Det M & Tol See LSi- M So
Det<&Mack 1st lien g 48.1995 J-D

1st g 5s...

LK04 Tex

W

-1 'alias ifc Waco
Ne< M K * T
Del Lack A- Western 7s.. .1907
cfc ECssex 1st 7s.. .1914
Harris
1st consol guar 7s
1915
Registered
1915
2000
1st ret gu g 3>< s
N Y Lack & 1st 6S...1921
Construction 5s
1923
Term & improve4s
1923
1st 78..1906
Syr Bing.fi N Y
Warren 1st refgu g 3 "as
Del & Hud 1st Pa Div 7s. 1917
Registered
1917
Alb* Sns lstccn gu 7s. 1906
1906
Registered
Guar gold 6s
190
Registered
1906

Pen

cfc

Range

1

J'ne'02

Q-J

i

Bid

FlaCen

W

May'02

138

Week's

Range or

Han

4 Sep '02
134 4 Jan '02
114

J-D
J-D
J-J

W
W

119
109

W

'02

M-N

...fcl936

Set

J'ne'01

83

J.J

fcl93€
Registered
Cin Si- Cl con 1st g 5s. .1928
1914
CCCcfc r oonsol 7s
Consolsink t unci 7s
1914
General consol gold 6s. 1934
1934
Registered
1st pret' 4s. 1940
Ind Bl cfc
O Ind cfc
lstpf 5s... dl938
Peo cfc East 1st con 4s. ..1940
Income 4s
1990
Cl Lor & Wh eon 1st s 58.1933
Clevcfc Marietta .secretin RR
Clevcfc Mahou Val s 5s. ..1938
Register.-*
1938

Clevcfc Pitts

1014
4 Oct '02

loo
103
103
LOO

103

M-N
M-N
M-S

W

1st gold 4s

100

Sale

J-J
J.J

Price

jyiday
October 17

1/iqll

7 a4

1

Sw B K & P
Cm Clue & St L,0U1S

A

BONDS
STOCK EXCHANGE
Week Ending October 17

N. Y.

:

C

Clearfield

1.011-

835

2

ins
109
1st. land srr ext gold 5s.. 1930
1943
105 1144
Consol gold 5s
Fort St U D Co 1st g 448.1941
cfc Den C 1st g 68.. ..1921
Ft
113 >4 115 4 Ft
cfc RioGr Istg3-4s.l928
See So Pac Co
al Har
/
iTalH&H ofl882 1st 58.1913
Gacfc Ala liv 1st con 5s. .01945
Ga Car cfc No 1st gu s 5s. .1929
100 104% Georgia Pacific See So Ry
1014102
Gila V G cfc Nor See So Pae Co
loo
103»4 Gouv & Oswepat See N Y Cent
10241O4*j Grand Rap& Ind See Penn RR
103 103
Gray's Pt Term See St L S
Gt Nor— C B cfc Q coll tr 4s 1921
Greenbrier Rv See Ches cfc O
Gulf&SIlat'ref&t.g5s 61952
See C B & Q
102 106
cfc St Jo
ousatonic See X Y N Hcfc H
st consol g 4 4s. 1999
113% 1154 Hock Val 1
1999
134 4134 4
Registered
Coicfc H V lstext g 48. .1948
Tex See So Pac
138 138
Houst E cfc
Honst cfc Tex Cen See So Pac Co
Illinois Central 1st c 4s.. 1951
1951
Registered
1951
98 1 02
1st gold 34s
7-2
Registered
1,951
824
1051
1st <rdld 3s sterling
1441164
1051
Registered
1952
L274128
Coll Trust gold 4s
1052
Regis t e red

118>«Aug'02
109 Apr'02
H4 1aMay'02
111 Hi Dec '01
113 Oct '00

A-O

7s.. .1905

I

35^ January 1

Hi ah No

Low

Ash-

A West In.l gen B 6s
*1074.
ChiCifc West M-.eh Uy 5s.. 1921
CIkh- ok & G gen g 5s ...ol919 jj
Chic

Cm H

—Continued—Page

!
;

bi(i

J-J
95

97
104

M-S *116

118

FA

'01

107% Dec '00

A-0
A-O

A O
J-J

'ne'02

61 4 Oct

J-D

Q-F
M-N

Sep '02
May'02

123
•

964
108

Oct

'02

974Sep

"ol'

121
!

1084!H 84Oct
|

95

'02

J'ly'02

and asked this week, a Due Jan

104
118

104

118

1st consol gold 5s

1995 J-J

120

NYcfcQEl LcfcP 1 st con g 5sl930
Paterson cfc P G & E g 5s. 1949
Peo Gas cfc C 1st gu g 6s. .1904
2d guar gold 6s
1904

1114 25 1114116%
27 944 984
95
2 1054109
105 4
120
121%
2 120
120
10441084
1064Oct'02
105%

F-A
M-S
M-N
J-D 104 Sale
1st con gold 6s
1943 A-0
Refunding gold 5s
1947 M-S
Ch G-Lcfc Cke 1st gu g 5s 1937 J-J 1084.
Con G Co of Ch 1st gu g 5s. '30 J-D

121 1244
E4 G cfc F Ch 1st gu g (is. 1905
97
99
MuFuel Gas 1st gu g 5s. 1947
107411<»
Trenton G cfc El 1st g 5s.. 1949
95
95% U'tica ELctP 1st s f g 5s. 1950

bDueFeb dDueAnr eDueMay

J-J

M-N
M-S

104

1034
117%
106
109
110
105
105
109

J'ne'02

104

117%
Dec '98
Oct '02
Sep '02
Apr'02
J'ly'02

104
103

104
106

117% 126

1084111%
1074 109%
102 4105
105 106

Feb'01

J.J

/iDueJ'lv A.DueAue

oDueOct oDueDec sODtionsale

—

N
S
J

9
1

Bond Record— Continued— Page

836
BONUS

Friday

N. Y.

October

17

S 1st

gug 5s... 1937
.

.

BdgeCogug4s.

M-S

LNA&Ch teCUL
Coal

W

McK'pt & B

A-O

1990 A-o
1908 J-J
1934 J-D

N

Y Cent
See
Metropolitan El See Man By
Mex Cent consol gold 4s. .1911
1st consol income g 3s.al939
2d consol income g 3s..al939
Equip & coll gold 5s
1917
2d series gold 5s
1919
Coll tr g 4*2S 1st Ser
1907
Mex Internal 1st con g 4s. 1977
Mex North 1st gold 6s
1910
Mich Cent See N Y Cent
Mid otNJ see Erie
Mil L S <fc
See Chic
Mil & Mad See Chic
Mil & North See Ch
St P
Minn <fe St L let gold 7s.. 1927
Iowa Ex 1st gold 7s
1909
Pacific Ex 1st gold 6s... 1921
South West Ex 1st g 7s.l910
1934
1st consol gold 5s
1st and refund gold 4s.. 1949
Minn & St L gu See B C B & N
V

103 34 Sale

-

'02

112

112

KaAAG B 1st guc5s. 1938

104

103*2 107*2

111«4

1031-!

iil"il4»8

M S S M A 1st g 4 int gu 1920
<fc

SI % Sale
29
i 9
Sale

fly
Jiy
A-O

>

79%

Sl% 80

26%

29

17

19

ST1990
1944
1st ext gold 5s
St L Div 1st ret g 4s. ...2001
1st gug 5s. ..1940
Dal<fc
Kan C Pac 1st g 4s. ..1990

FA

M-S
J-D

2 13

26 34 36*2
17

25*2

96

98=8

90%J'ry'01
105 May'00

97

J-D
J-D

144

A-O
J-D

126

147 1-2 Jan '02
118 J'ne'02
129*4 Aug'02

120

121 Jan '02
121
.124% 121
.103
102 'a 103%

M-N
Wl-8

103
98

97

J-J

99*4 100
88 Sale

FA

1920 31 -N
Trust gold 5s stamped. al917 M-S
1st consol gold 6s

al'.U

Leroy & C

7 31-

4s. 19 1

V A L 1st g 5s

147*al47*2
118 121
126*8 129*4

120*4 124*2
20 102*2 106
1

ret gold 4s. .1929
Unified
1st g 5s. 1926
Verdi
1
Birin prior lien g 5s 1945

Mob &

W

99*2

Apr '01
2

1

83
Oct '02
86
Sep '02
Oct '02
IO584 Sep '02
105*oJTy'02
81

*2

106
86
106
91

A-O
A-O

104*2 108*2

101*2105*2
109*0 113*2
110*2 114 34

1

(let

122

126

92

'«

106
93
100
105
114

106*4 109*4

1)2

.

105
112

113 3

4

Sale

1 1

2

100
Oct '02
May'01

Aug'02
114

<-'l Sale

113 34

14

lit

J-J

J'lys'02

92%

93

105

109

llo^J'iy'OO
93 Apr'02

12

130

Sale

102
130

Nash

130%

L29
127

Sep '02
127
97 Oct '02
115*4 Sep 'o:
91
Oct '02
1 01 *a J'ne'02

New & Cin Bdge SeePennCo
N O & N E prior lien g 6s pl915 A-O
N Y Bkln & Man Bcli See L 1

N YCentcfc

11

K

1st 7s... 1903 J-J

1903 J-J
1997 .l-J
1997 J-J
Debenture 5s of.. .1884-1904 31Registered
1884-1904 M-S
Regist deb 5s of... 1889-190 M-S
Debenture g 4s
1890-1905 J-D
1890-1905 J-D
Registered
..1905 M-N
Debt certs ext g 4s
1905 M-N
Registered
Lake Shore coU g 3*2S...1998 F-A
Registered
1998 F-A
1998 F-A
Mich Cent coll g3*28
loos F-A
Registered
Beech Creeklstgug4s.l93t: J-J
Registered
1930 J-J
2d gu gold 5s
1930 J-J
Beech Cr Ext lstg 3*28 61951 A-O
Cart <fe Ad 1st gu g 4s.. .1981 J-D
Clearl Bit Coal lsts f 48.1940 J-J
GouVifcOswelstgug5s 1942 J-D
Moh& Mai 1st gug 4s.. 1991 M-S
Income 5s
199 Sep
:

NY&NE SeeNYNH&H
N YNH&Har

126*4.

127
113

1121.J.

113
116
111
100

Sep

9,

See Long Island
See Erie
Y Tex &
Sec So Pac Co
Nor ifc South lstg 5s
1941
West gel
Norf
.1931
ImprovemM & ext g 6s. .1934
New River 1st (is
1932
N&
By 1st eon g 4s. 1996
Registered
L996
I'ocah C.V (' |oint4s..l941
s

N

W

&

s

5

91
100*al 01 '«

•_'

W

CC& Tlstgu sr5s

W

M-N

1917
1968
Wash
g4s
1948
Nor PacTei ,i 1-, K 6s. .1933
Nor Kv Gal See so L^ac
Nor Wis See St P 31 <fc
1st consol gold 4s
1st

116

116

Dee '99

75%

See
See

'i

i

104
SI

75*2

:,

i

'a

No price

114

01

8% Dec -in

11

128
127
110

128

J'ne"o2

132

128
127

J'm

1-2

;

Dei

106*2 Nov'00

.

.122
11S 34

121*2

121*4
10 IIS*-

'!

.

'

I-

113% 114*a
108
104*2 Sale

L08
104*2

108

108

-

104*«

106% Sep

-

106% 106%

'02

Dec '01

J-D

100

A-O

229*2 Sep '02

220

M-N

M-N
J-J
J-J

M-S
M-S

204*2 229 *a
220
2 07
135*2 135*3

J'ly'02

135*2 Jan '02

Jane.)

104*2.
102

114

103

101*a 103
101*2 Nov'9S

.

Sale

106*4

106*4 31ar'02

106%

24 101*2 105*4

e

116*2Mar'02
M-N
133 Aug'02
M-N
132*4 Aug'02
F-A
A-O
134%J'ly'Q2
100*2 Sale 100*4
21
i00=>4
A-O
100*2Jan'i'_
A-O "*94"
153
94
Sale
93
J-D
107*2J lv*01
102 Sep '02

J-J

M-N
Q-J
Q-J

Q-F
Q-F

116*2 116*a
133
L35*a
132 136

134%

4

'

100 1?
100*2

-j

92

-

101*2 H'l'a

103% Sale 103

103*2 162 103

102

102

102

73% Sale

72%

1

102

72%

LOO

I

i

«

•

Apr'02

72

75

102*2>Iay'02

100

-

72

KB

100

129%

F-A

Q-F
K-A

132
122
110

A-O
J-D
g-M
J-J

94*2

o

129*8

'

Apr 02
Oct '02
Aug'Oi

Feb '02

121
110

-

•

2

LOO 100
94*2 I 1*2

117*aOct'o2

115

119*3-

112'aJ'ne'Ol
108*2 J'ly'02

116*2.

g 58.1936 J-D

108

110

Oct '02

109*2

114%

Oct
A

101 102*2
1011-J 102

Co
Un Pac
On Pac

See So Pac

Nav

<fc

Shoi

J-D
J-D

i

.See

NYC
NW

i

See
st P See C <&
1946 J-D *112
1_)ac Coast Co 1st g 5s
ac of Missou:
See Mo Pac
-..1917 A-O 101
Panama 1st 8 fund g
Sink land subsidy 'S Os.. 1910 31 -N 100

113 3 , 113
101

I

101T8 Oct '02

101 %.

101 38

101^

101%

108*9 Apr*02
103-4 Aug'02

L06 34 109*2
108*2 109
104
101*4

lOl^s
108 '4 Sep '02

101*4

101 14

(Jet '02

Sep

100%.

series

'97

02

10()»s

93
93 Hi

93 V,

93
94

J'lle

Nov'01
93 h
93

93

92 Hi
9

J'ly'02

121

2

92

8

93
93

'2

Series
Series
Scries

97%
96

Seri'-s

102

Apr'02

93

guar

«
'

D
E

I.-

19 12

guar g

1949

/11912
1st real esl :

•

1

<

Conveitilih

1I1

..1911

g 5s.

1)

KatiJcHC&C
Pleas Vai Coal

109%
105

111

110*2

15

106*4
J'ne'O.

109% 110*2
105 109»4
110*4 113*4

1st s

IstgsfSs

Boch&
1

1

un Coal

Due Jan

I

pin

Tlnv
l

CahC
DeBarC.t

st

I

f

g

110*all5
b

Due Feb

5s.

1

95

1

i

106*2

H0 3

U6**
115*9

97*»
97
12« 3 t
128 i lol*9
:,

I

10*9

103

4 1043

103*6112%

Ls1

consol 6s

gu
Co gu

E& PC Co

1

-1

J-.l

g

g

115

106*4 Fel.'02
106 Oot'00

106

i06%

ib"7>9"iof'a
103*2.

68.1910 F-A
53.1919 J-J

g

-

108

l(K '-,111%

115
107
so

J-D

6s. 19

6 10S 106V»
97*2 801 9334111%

93 34

97*4 Sale

J-D
J-J
J-J

Vlanntncturing iV Industrial
5s 1919 M-S
1915 Q-F
\ hi Cot Oil ext 4*aS
e

HO*-:

;,

In.

ilOTi sale

M-N
A-O

in 5:

Amrr Bicycles fdeben

55

a

\v

31 I'd 1st

Wli L

Friday: latest bid and asker, this week,

(

Birin Div

J-J

Nov'00
110*2 Aug'02

Pit

,

FA

FA

Do Bardel C & L See T C & I
Gr RivCoal&C lstg 6s.. 1919 A-O
114*2 114*2 Jeti<fc ClearCA I lstg5s. 1920 J-D

..

,

on Next Page

Coal and Iron
97*2 100% ColF& I Co gen s i*g 53.-1 943
100*2 100*2

:

112

1919 M^

Consol gold 5s

..

127 3 Sale

A-O
M-N

Warrants oonv 3 2s50 *'o
Con currency 6s reg...ffl905

Dec '0]

..

FA

1905 J-J
paid

6s

2

114-

112 Od 'OS
116*2 F< b'O]
10lr'.| Nov'lU
97*a J'ne'02
\ug'02
127',
127
ISO Apr 01

110*2Mar'02

31 -N

J-J
1912 J-J

BB

H5*8J'ne'02

M-N

'-'itar

2d gold 5s

105

-N

1942 A-O

B guar

Consol stern iiL'

95

113*4 Oct '01
11 0*2 Sale

31

a

1

J-J

I

97*a
122*2

Nov'00

1948

3*2S

3*a
Pitts Ft W & C 1st 7s. ..1912

107 12 J'ly'00

M-N
M-N

3*9

Oct 00

PCC&St Dgu4*2SA...l.l" A-O

9s
96*4

Penn

116

1.1

A-O

3d 7s

97*2Ang'02
100*uApr'02
L00*sOct '00
109 Oct '99
114*2Apr'02

98
123

2d7s

110*4

10'-.

110'v

'

93

93 hi Sep '02
1U»4 Sep '01
106 J'ne'98

95

1

Nov'!

i

32

94

1

98

1950 F-A
ErleA PittsgugS^s B.1940 J-J
1940 J-J
Series C
X,v
Bdge "in ^u g4*as L9 15 J-J

I00*sl01%

100»a

C

102

A1932 A-O

sD3

Sen.

101*4 101 3 l
100*4 100*4

'02

(let '02
110% J
1 ]()'•.•

gug 4*28 ser A. '42 J-J

-tered

C1& Pgen
Series B

102

109

M-S

1

I

loou Jan '02

J-J
J-J

1

8

100 34 Oct '02

101*4!

1921
Registered
192]
reg .1937
Guar 3*as col
ser B...1941
Guar 3 '•seoii
St \j& r 1st con g 58.1932

104 7s
10-1 s

C1& B
N YC& H

'

127*2 127*2

CC&StL

C
1st

OCJJ 4

Call Coal M 111 See T
Clearl Bit Coal See
'

114

Feb '02

N Y Cent

BR

Oswego & Borne

100% 50 100
76

ire

i

Coal and Iron

1

Feb '02
'2

146% Apr

A-O

General
Ore & Cal

116

Dec"
J'ly'02

.Mont

cte

CO gu 1st g4*2S

M-N

Col C it 1 Dev Co f-'U g 5s. 1909 J-J
Col Fuel
golfl 6
.. J919 M-N

>

i

J-J
Q-J

h

104
106*2

I

& W
01 noBiver
luo

I

1

W

2d 5S

125»4 129

'02

and Telephone

Comm Cable Co lstg 4s. .2397
2397
Registered
Erie T & T col trgaf 5s.. 1926
MetT&Tlsts f g5s
1918
Mut Un Tel Co See Westn U 11
N V <fc N J Tel gen g 5s.. 1920
No Westn Teles See West n
West Union col tr cur 5s. 1938
Fd and real est g 4*28... 950
Mui Un'iei s fund 6s... 1911
Northwestern Tel 7s
1904

127

:

104*4107%

M

&

MISCELLANEOUS BONDS—Continued
Telejrrup'i

112 ]
112*s]

l:

X Y&RB

i

114
91

113

100

7G 3 i Sale

-lorcd

Am Telep & Tel coll tr 4s 1929

1

<fc

Nor

Registered
Gold mortgages^
1

13

N Y Lack & W See D L & W
N Y L E & W See Erie
N Y Long Br See Cent of N J

Cent

McM M

NH

1

114

N Y & Greenw Lake See Erie
N Y & Har teNYCA Hud

i

A-O
1st consol gold 5s.
Jasper Branch 1 st g 0s..l 923 J-J
VV & Al 1st 6s.. 1917 J-J
1917 J J
T«& 1' Branch 1st Os
Nash Klor & Shel See L cfc N
Nat of Mex prior lien 4 '2s. 1 920 J-.l
1951 A-O
1st consol 4s
&H
New II & D See N Y
Y Cent
See
N J June

N

W

CBA

93
97

J'ly'02

W

RB

N

Scio V & N E 1st gu g 4s 1989
North Illinois See Chi & N
North Ohio See L Erie <fc
Nor Pac— Prior lien g 4s.. 1997
Registered
1997
General Liengold3s
a2047
Registered
a2047
'0 ...i ir4s
93*2
See Gt Nor
St Paul-Dill Div g 48
102
1996
tered
1990
132
St I'.v N !' gen i 6s
128*2
1923
Registered e> rt tic's. .1923
100
StPaulcfcDul 1st 5s
118*2
1933

<

Essex See Del L&
Chat & St JL. 1st 78.1913 J-J

....

113*2 112% 112104*4 Sep '02
104*4....
103 ....
104
104
108 106*2 106*2
110*2 Mar'00

F-A

J-J
J-J
J-J
2d guar 6s
1934 J-J
McKeescfe B VlstsrGs 1918 J-J
Mich Cent 1st consol 6s. 1909 3I-S
5s
1931 Wl-S
Registered
1931 Q-M
4s
1940 J-J
Registered
1940 J-J
J L<fc S lstg 3*2S
1951 31Bat C & Stur 1st gug3s. 1989 J-D
N Y & Harlem g 3*2S...2000 M-N
Registered
2000 M-N
Y <fc .North 1st g 5s. ..1927 A-O
R & O con 1st ext 5s. A1922 A-O
Oswe<fe R 2dgug5s...«1915 F-A
R W<fc O T R 1st gu g 5s. 1918 M-N
Utica& BlkBivgttg4s.l922 J-J
N Y Chicfc St L lstg 48.1937 A-O
Registered
1937 A-O
n.

104 '4 107*.,
10 114 116*2
57 112*4 120
114 114
30 92*4 95

M-S
1

95%

91*8

Mohawk & Mai SeeS i'C&H

&

114
113
113

RB 1st 5s. .1934
Pitts JlcK & Y 1st gu 6s. 1932

1st reg 4s. 1903
Convert deb certs§l,000...
Small certs §100
Hotisatonic R con g 5s. .1937
N H & Derby con g 5s. .1918
N Y & N E 1st 7s
98 101*2
1905
31*2 87*4
1st 6s
1905
103 108
N Y & North See N Y C & H
85*2 88*4 N
Wref lstg 4s.. #1992
102 106*4
Begis $5,000 only
#1992
88*2 92
N Y & Put See N Y C & H

Monongahela Kiv See B & O
Mont Cent See St P M Ji M
Morgan's La & I See S P Co
Morris

J-D

105

105

J

C'l

YO&

109*2 log "
113 Oct '02
123 34 ] 23%

106% 106 H>

FA

J-J
Mortgage gold 4s
1945 J-J
Jack & K C 1st g 5s. 1946 J-D
Mob
Mob & Ohio new gold 6s.. 1927 J-D
1st extension gold6s..'<,1927 Q-J
General gold 4s
1938 31 -S
Montgom Div 1st g 5s. .1947 F-A
St L <fe Cairo coll g 4s..el930 Q-F
Guaranteed g4s
1931 J-J
oil is
ifc O
See Southern

M

Sali

Nov'01

99

121

121

S

1926 J-J
F-A
J-J

Pac B Ot Mo 1st ex g 4s. 1938
2d extended gold 5s... 1938
St L Ir M& Sgen con g 5sl931
Gen con stamp gtdg 5s 1931

&
V &

123 34

1920 F-A

gu g

85

11

'-.

97*2 Sep '02

M-N
107
A-O
M-N
Wa
89
&
M-S
91
MK&TotTlstgug5s.l94r J-D
Sher Sh & So 1st gu g 5s. 1943 E-A
Tebo& Neosho 1st 7s... 1903 J-D
109
MoK& E 1st gug 5s 194' A-O 113 *s
114*4
1906 31Missouri Pacific 3d7s
Roistered

79*o

A-O

MStPcfeSSMcong4intgu'38 J-J
Minn Un See St P M &M
Mo Kan & Tex 1st g 4s.. .1990 J-D
2d gold 4s

J-D
J-D
J-D

Low

U)5 a Nov'01

A-O
J-J
J-J

.\u

'02

"

M&Plst5sstpd4sintgu 1930 J-J

1st coll gold 5s
Cent Br By 1st

I

117

112

1st

High
Oct

105

•

Since

J anu

Last

Ask ljow

Bid

F-A
1986 F-A
1993 A-O

4s. ..1986

i:c

Weeli

Range or

October 17

eon gu g Is
Nor & Mont 1st nu ir 5s. loir,
r
West Shore Lsi
C u..-236i
Registered
2361
Lake Shore consol 2d 7s. 1903
Registered
1903
Gold 3*28
1997
Registered
1997
Det Mon <fe Tol 1st 7s. 1906

1

iii"4"™ 111%

J-J

&NW
&NW
M&

W

Sep

NY&Pu

99 lyi 1
110*4 110*..
114* 2 114 7t

Sep '02
Mar'01

114
115
112
100

R gu 1st

Registered

Mahon

See L S it 31 S
anhattan Ry consol 4s.

Malion

Registered
Metro i>ol El 1st g 6s
Man S
Coloniz g 5s

.115
ill

Price

Friday

sr.

N J June

115 1163s
125*2 127*2
75
77*a

110%Mar'02
114%Sep'02

I

S&Jf Ala

L& Jefl

99 "a.

F-A

& At 1 1st gu g 6s. 1 12 b'-A
con gu g 5s.
F-A
Sink fund gold 6s
191 U Ao

Pens

V'(

125*2 Aug'02
75 J'ne'02
113 Not'99
100 s

I

NFUwfc

High
Mar 02

:;.

LXXV,

[VOL.

stOgk exchange
January 1
Week Ending October 17
Low High N Y Cent & H K—( Continued

or

Last Sale

Ask Low

Bid
Loulsv ifc Nashv (Continued
PensacolaDiv gold 6s. ..1920 M-P
St L Div 1st gold 6s
192] M-S
iVt- s
2d gold 3s

Hender.Bagelststg6s.193] M-S
Kentu Jcj CentgoUl 43.-1987 Jh<& N & M & M 1 st g 4 *2S 1945 31-

Range

6

3

BONUS

Jtanje
Since

Week's

Price

STOCK EXCHANGE
Week ending October 17

6
S

)

110%
,

J'ne'02
\

May'9'i

103*2 Sep '02
32 Jan '00

46

10
49
100*2 100

Due May jDueJ'ne /iDueJ'ly p Due Nov

s

113

l'.O's
lell'OI.

46*4

100

Option

sale.

ioi

45
99

% ioi"*

*a

7S
102

—

—

o

OCTOBER

Bond Record— Concluded— Page 4

18, 1902.]

BONUS
Wkkk Ending October
Peuu EK
,sol

Week's

-Price

STOCK EXCHANGE

N. Y.

Friday
October

17

igi

1?

e4%3..19S5

-Mar 1st mi

L<S

'

"I"ii*2

tf.;N

DRRR&Beelatgu4sg.';

.

Peo

&

oonsol gold 5s

5s. 1989

123
11 '-"-2 114

110%

ft.

SagTus<& U lsigug 4s. 1981 f_a
tine Greek reg guar ba... 1982 j.rj

cm

JPJ1&

l

Y

Co cents

111%

97 Hi
'.'.'.'.'.'.

1939
Conaol ami
1949
Utah Ceut 1st gu g 4a.al91
Rio Or June 1st gu g 5s. ..1939
1940
Rio gr So 1st goid 4s
194U
Guaranteed

90

.

Oct

'01

May'02

Pitta

See

Rome Wat & Og

B K

see

<fc

114

84

102%
Apr '02
J'ne'U2

Apr'01
Oct '02

Jan '02
May'02

80% J'ly '02
92»4 Aug'02

P

1941

lOl^Nov'Ol

Rut-Canadlstgug4%s.l949
See Pere
Sag Tus & C111st g s 6a.Marq
.1913
alt .Lake
St Jo <fc Gr lal 1st g 3-4a. .1947
t

97"Oct v02

96^4

Law <fc Adiron 1st g 5s. 1990
1996
2d gold 68

St

L Cairo see Mob & Ohio
L & Iron Mount See M P
L K C & X See Wabash
L M Br -See T RR A of St L
BtD & S Fran 2d g 0s CI B 1900
<fe

St

108

108
108

114
114
101 Sep '02
100 Jan '02
94% 95% 95 34 Sep '02
122^2
125%J'ne'02
87%
88%
88 14 Sale

W

87*3 89

*

j.d
j-d

Sale

j-j
J.j
J-J
J-J
M-IM

1934 ASt John's Div 1st e 48.. .1934 JAla Mid 1st gu gold 5s. .1928 MBriuis it
1st gug 4a.. 1938 JSil Sp oca it G gu g 48..

w

A K

See

S or &

1st ret

Registered

136

14(1

11 3%

1123a.

11534
104 Sale

"112

J.
J-

*112

..

84 H Sale
03 Js Sale
* 1121a
« 97
1

tel929

VG&N

W

J-D

99

J -D
J -O

9 4 14 Sale

Vj

Apr '02

133% Sep

133% 141%

'02

115 Apr'9"
124%J'ne'02

124% 125
124 68 125%

125% Feb '02
111

Aug'01

113

110
87
95

85
84%
108% 103%
104% Feb '98
97

Oct '02
Dec'01

99%
92%

100
94 h

Apr '05

J'ne'01

100%

99%J'ne'00
86
85%

"so*

.1-1;

F-A
J-D

11(1%

109>2.

M-N

M-N

111
108

111
Mar'02

Apr '02

108
103

.111

1st lien convert 4s

108
Aug'02

Uni X J RR <fe C Co See Pa RR
Utah Central See Rio Gr Wes
Utah & Xorth See Un Pacific
Utica <fe Black R See X Y Cent
See Mo P
Ver Val Ind <fc
irginia Mid See South Rv

Wabash

May'02
Aug'01
J'ly '02

Jan

-

123%

J-J

105% Nov
87

J-J
A-O

103

'01
(II

87% 80

86

112% Apr'l>2
112% Aug'02

92

112%113
112% 114%
105% 108%

A-O

103%:

A O 104%.

105%J'ne'02
108 Dec'01
110 58 Jan'02

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

116

119%J'ne'02
107 Xov'00
110% Sep '02

119%119%

110% Apr '02

115

J-J
J-J
J-J

M-S
J-J
J-J
J-J
J-J

.

110%.

108

103%....

May'02

09 118

02

122

122%Jau
95% Oct

99% Oct

'02

Sep

'02

94

Sep '02
116% Aug'02

119

120

,

112
90

121%

121
114

Sep

Hi

125
125
119

101% J'ly '00
113% 111% May'02

92 Sep '02
109 io Oct '02
108%
*118
123 Feb'02
M-fM-S Ill 113% 102 Oct '99
114 Sep '01
M-S *113%
116% 117
M-N
116% Dec'01
M-N
98 Apr'02
F-A
118% Sep '02
J-J 118%.
122

116% 120%
122%
113% 117%

Oct. '02

2

117

.

98%
120

14 120

'02
'02

126% Sep
126% J'ne'02

122

124
122

Mai '01

120
96

126
126

108

95% 100
112% 115
99 101%

'02

Mar'02

115

114

J-J

J-J
J-D

108

114%114%

108%J'ly'01
118
118%

118%.—

J-J *117%.
M-N *121%.
M-S "113

M-S
A-O
M-N
M-N

108% 111
116%

114%Feb'02

A-O

J-J
J-J
J-J

110=6 110=8

.

129

127%
122%

111% 113%
90
109
123
11

92
112
123

115

117%i

98

98

118%121

J'lv'00
'02

98%104%

114% Mar'02

114% 114%
110% 118
112% 115%

104% Sep

A-O
F-A

L12

115%

Mar

118

Aug'02
115% May'02

.

.

101% 101% Sep
119

120

99%

9915

111
114

J-J
J-J

113

114

Sep

107

102%

Aug'02
90% Oct '02
78
80
98% Aug'02
112% Aug'02

90

105

14

104%
Sep

1103s

94% 98%
93%
92%

'02

92

J-J

J-J
J-J

122

112%114%

'02

Sep '02

98% Sep

90

M-N 110
M-N

F-A

99%
J'ne'01

109

109

J-D
A-O

J-D
F-A
J-J

119
96

112% Xov'Ol

A-O
J-J
J-J

101% 101%

'02

119

91
88io

U6

'02

78

87

97

30

99%

110% 113
103% 106%
104% 100%

110% 5451 IO.51.1 11378
Apr '02 "9 100 106
1011.7 104%
101% 102%
125
1 125
129%
125
115
11 115 119%
115
92
96
92
93% 13'
106%

Sale

106

102

93% Sale
117% 117%J'ne'01

114%114%

114%Apr'02

W

11334 Dec'01
128 Dec'01
123 Dec '99

100%

100

1947
1911
1911
Ore Ry <fe Xav con g 4s. 1946
Ore Short Line 1st g6s.. 1922
1946
1st consol g 5s
1927
4s cfe participating
1908
Utah & Xor 1st 7s
Gold 5s
1920
Registered

106 38 107%

Registered

128

122

I

80
A-O
81
TorHam&Bufflstg4s./il946 J-D 97
115»8ll8% Ulster&Dellstcongos 1928 J-D 112%
n Pac RR <fe 1 gr g 4s. .1947 J-J 104 Sale 103%
104 109

104
100 May'01
107% Sep '02

95
111

J-J

MX

M

104

97

Seo'H2

1

W

92OOO
2d gold inc 5a
1931
La Div B L 1st g 5s
1935
88
90% Tol & O C 1st g 5s
Western Div 1st g 5s. ..1935
General gold 5s
1935
1st gu g 4s.. ..1990
112 117
Kan &
141% Tol P<fe Wist gold 4s.... 1917
133%
139 140
Tol St Life Wpr lien g 3 %s. 1925
1950
50-year gold 4s
112 115^

110%Apr'Ol
llo^Oct '02

100

J-J

Mort guar gold3%s..fcl929 J -D
Registered

—

77
90%
8078 813<

May'02
Sep '02

t

J'ly '02

122

J-J
J-J
J-J

A-O
M
Tex & X O See So Pac Co
1905 M-S
Tex & Pac E Div 1st g 6s
2000 J-D
96% 100%
1st gold 5s

9514N0VOI

A
M-

gu g 4s 1949 F-A
1949 F-A

Gal liar & S A 1st gOs.. 1910
2d gold 7s
1905
Mts & Pac IstgSs
1931
GUa
IstgugSs. 1924
Hous E &
T 1st g 5s. 1983

Con gold 5s
Southern— 1 st con g 5s

M

98
99%
88
88
&]^J'ne'02
Sep '02
89%

W

Cent Pac

101
111
101

: '

:':;

125% 127%
133%137

l::

A-O

SPacotXMexlstg6s..l91 J-J
1937 J-J
S P Coast 1st gug 4s
1905 F-A
Tex & X O lat 7s
Sabine Div 1st g6s..,.191 2 M-S

1

112 Oct
133 78-^ u g'02

W

A& X Wist gug 5s.. ..1941

1907
Noof Callst gu g 6s
198s
Guaranteed gold 5s
Ore & Cal 1st guar g 53.1927
S A <t A Pass 1st gu g 48. 1943
So P ot Ar gu 1st g 6s.. .el 909
el910
1st guar g Os
1905
S Pof CallstgOs
1905
lat g Os series B
IstgOsseriesC & D.. .190(1
1st gOs series E & F...1912
1912
1st gold Os
1937
1st con guar g 5s
1905-.. 1937
Stamped

.

'02

A-O 112

l8t gold 5s

it

111
96

'02

127% Feb '02

1920 J-J

lis

Sep

96

.

XT<fcMex gulstg4s.l912 A-O

1943
1994
1994
Registered
Mob & Ohio coll tr g 4s. 1938
93% 98
Mem Div 1st g 4%-5s... 1990
1951
St Louis div 1st g 4s
1918
Ala Cen R 1st g 6s
1948
Atlifc Danvlst g 4s
99 102 78
Atl & Yad 1st g guar 48.1949
92»4 95%
1916
Col<fe GreenvlstOs
97
97
E T Va & Ga Div g 5s.. 1930
1956
112% 115i4
Con 1st gold 5s
1938
80% 82%
E Ten reor lien g 5s
1922
94«g
91
GaPac Ry 1st g 6s
& Ohio 1st g 6s.. .1925
Knox
1915
Rich & Dan con g Os
Equip sink fund g 5s.. 1909
192
Deb 5s stamped
Rich & Meek 1st g 4s... 194s
191
So Car it Ga IstgSs
Virginia Mid ser C 0S...1910
95
99%
1921
Series D 4-5s
1920
Series E 5s
193t
General 5s
1930
Guar stamped
lstcy gu 4s. .1924
West X C 1st con g 0S..1914
107 111% S & X Ala See L <fe X
107 110% Spok Falls <fc Xor 1st g 6s. 1939
130% 134
Stat Isl Ry 1st gu g 4%s..l943
114 118% Sunb & Lew See Penn RR
96 101
Syra Bing & X Y See D L &
K&T
See
100 100
'I Vbo & X
95
98% I er A of St L 1st g 4%s..l939
1894 1944
125%125%
1st con gold 5s
47 87% 94%
Bge Tergu g 5s. 1930
St L

100

SF&

Scioto \'al

102%

1st gold

94

. .

99

J-D
J-D
KMinulstdivl8tg5s..l908 A-O
lOois
Registered
1908 A-O
Nor Div 1st gold 4s
1948 A-O
Minn Union 1st g 0s
1922 J-J
Mont C 1st gu g Os
1937 J-J
Registered
193 .J-J
1987 J-J
1st guar gold os
WU1& S F 1st gold 5s..l93tt J -D
Xor Pac see Nor Pac
St P&
StP & S'x City See C st P M £
S Fe Pres it Pn 1st g 58...1942 M-S
.115
S A & A P See So Pac Oo
X P 1st sink t g 5s. 1919 JSavFite W 1st gold Os.... 1934 A
*120

Seaboard Air Liine g 4.> ...195
1911
Coll tr refund g 5s
19'-''.
Seab it Boa 1st 5s
Car Ceut 1st con g 48... 1949
Sher Shr it So See M K & T
Sil Sp oca it O See sav i it
1924
Sod Bay & So 1st g5s
So Car & C a See Southern
Pac Co— Coil tr - 4%s..l905
So
Gold 4s (Cent Pac coll) _fcl 949
Registered
fcl949

103

108k Aug'02
131% Oct '02

114
100

M
M

M&

Gen gold 4s nit guar. .1921 A-<>
Waco it N W div 1st g 6a '30 Wl-N
Morgan's La it T 1st 7s. 191s A-O

WO& W

St
St

2d goid 6s Class C
1906
General gold 0s
1931
1931
General gold 5s
6tL<fc S J? RKconag4s..'90
Southw Div 1st g 6s. .1947
1951
Refunding g4s
K C Ft S & con g 0s.. 192s
K C Ft S & liy ret g 4s 1930
Registered
1936
St Louis So See Illinois Cent
1st g 4s bd ctis.1989
St L S
2d g 4s inc bond ctls...pl989
Trust Co oils
1932
Consol gold 48
Gray'sPtTerlstgug5s 1947
Bt Paul & Dul See Nor Pacific
Man 2d 6s. ..1909
8t Paul
1933
1st cousol gold 6a
Registered
1933
Reduced to gold 4 %s.. 1933
Registered.
1933
Dakota ext gold 6s
1910
1937
Mont est 1st gold 4s
Registered
1937

121

101

97% 127

X Y Cent

Rutland 1st con g 4%s

121

100

J'ly '97

99 Oct '02
94 l4 Sep-02
97

1

115

111% 117

'98

101
111
96
Sale
92
94'
94

100
93

99

112

Nov'97

Set South By
See Southern

col trust 4s

130%

122% 125

2Oct'02

.101

<fc Meek
RioUr West 1st g 4s

Roch &

l

121
98

ifc

& Dan

Ul

101% 102^j

.

130

1

120

Regnsccced
1997
Jersey Cent cod g 4s.. .1951
Rensselaer A Sar See D & 11

Bt

111

130i4Feb'02
101 Oct '00
122^ Oct '05
112 2Aug*02

107^001

Ash 1st con 58.1927
199'
Keading Co geug 4s
Rich
Rich

.

May 00

137

it st
See ivuu (Jo
Clev it Xol 1st g 6s.. 1922

Pitts
a-O
Pitts Ft \V & Cli .Set; lYun Co
1922 j.j
1st gold Os
Pitts Juuc
Pitts & L Erie 2d g 5s...al928 a-O
Pitts McKeea <fc Y seeX V Cen
Pitts Sh A- L E 1st g 5a.. .1940 a-O
1943 j.j
1st cousol gold 5s
1917 j.j
Pitts A- West 1st g 4s
Pitta

since

1

N

IS)

Pt Huron

Pins

L12»4Mar'00

117

61921 jg.u
g 6a.l920 A -0

Marq— If & P M

.st

17

Jan uaryX

.

&.H S

See C C C £ St L
192] o-F
Pek Uu 1st g Gs

ifc

week Ending October

Range or
Last sale

Bid
Ask Low
High Mo Low High
Low High Southern Pac Co (< ontln ued
11 E & W T st tru 5s red. 1938 M-N
iio'%:
ill" "Til
iio" ii2%
11 it T C 1st g 5s nit gu. 1987 J-J
113%J'ne'02
114%
Consol g lis mt guar.. .191 2 A O 108

Ka*t

.

28 gold 4 "as

Peie

H':."'-\oV'9T

i'n"sep v02

or H& Iexlst|riig4%sl941 j-j
Sun it Lewis 1st g 4a.. .1930 j.j
L N J UK & Can gen 4s. 194
1'ensacola

Jiiyli .Xu

1

Range

Week's

J^ice
Prida/u
October 17

STOCK EXCHANGE
1

Alleg Val gen go g 48...1942 vi-s
i

X. Y.

/a n nary

1948 N|-H

837

BONUS

Range
MUCC

or

Last Sale

Ask Low

Kia

(Continttedj

gold 4s

1

110

110

1939
1939
1989
1989

1st gold 5s
2d gold 5s
Debenture series

A

SeriesB

89% 95

1st lien equip s Id g 5s. .1921
Det <fe Ch Ext 1st g 5s.. 1941
90
Des Moin Div 1st g 4s.. 1939
84
Div 1st g 3%s
1941
102 58 105%
Tol& ChDiv 1st g 4s... 1941
St Chas Bridge 1st g Os.1908
?6% 98
Warren see Del Lac <fe West
Wash Cent See Xor Pac
Wash O <fe
See Southern
West
Pa 1st g 5s. .1937
Gen gold 3-4s
99 10178
23
1943
Income 5s
96
rfl943
185 92
West Xo Car See South Ry
94 3s 95
West Shore See X Y Cent
Va Cent P 1st g 0S..1911
100 104
Wheel'g
L E 1st g 5s.. .1926
Wheel Div 1st gold 5s.. 1928
85% 89%
Exten <fe Imp gold 5s. ..1930
1st consol 4s
1949
109% 113
Wilkes
East See Erie
10S 108
109% 110% Wil Sioux F See St P
<fe
Winona <fc St P See C
108 112
Wis Cent 50-yr 1st gen 4s. 1949
103 100

Om

J-J
J-J

M-S
J-J
J-J

A-O
M-S
A-O

100 J'ly '02
83%Sal6 76
83%
107 Aug'02
109% Aug'02
110
97% 97 May'02
85%
85%
80
98 Mar'02
97%
111 Sep '02
108

W

&

&

&

&

119% 119% Oct
100% 99% Oct

J-J

A-O
Nov

35

J-J

111

A-O

103
66% 89
105 107

2746

109
95
24

111%
97

85% 89
98
109

98

111%

121%
98% 102

119

'02
'02

Mar'01

40

112%114%
113 115%
112%113

114% Jan '02

F-A
M-S

Apr'02
Sep '02
Dec'01
91%
92
91% 92%

J.J

92

J-J

121
11434

100

100

W

X Y&

119% 13 118
109% 5 109

M-N 119 Sale 119
F-A 109% Sale 109

113
113
113

20

91

97%

M M

&X

W

92% 172 88

91

Sale

95

MISCELLANEOUS BONUS—Concluded.
Manufacturing

Industrial
Am Hideife L 1st s Ig6s.. 1919
Am Spirits Mfg 1st g 6s.. 1915
Am Thread 1st col tr 4s.. .1919
Bar & S Car Co 1st g Os.,.1942
Consol Toiiacco 50-yr g 4s. 1951
Registered 4s
1951
Distill of Am.-r coll trg 5s. 1911
S-ramercy Sue 1 st gold 6s 1 2 8
1910
111 Steel Co deb 5s
1913
\ on-con v deben 5s
lnt Paper Co 1st con g 6s. 191s
Knickerbocker Ice (Chicago)
1st gold 5s
19*!S
Nat Starch Mfg Co 1st g 6s 1920
Nat Starch Co s t deb 5s. .1925
Btan Rope & T 1st g 6s. ..1940
.Income gold 53
1940
.

~

Miscellaneous

ifc

M-S
M-S

96

98

85

J-J
J-J

81

F-A
F-A

67%

J-J

97% Sale

Sale

A-O
J-J

96
87
82
105

96%
Sep '02

Jan

91
104

J-J

85

F-A

65
14

68
15

Adams Ex col tr g4s
94% 100
1948 M-S 104
91% Am Dkife Imp 5s See Cent N J
80
Am SS Co of Va g 5s. ...1920 M-N
83
82

W

J'ne'02

B'kl'n FerryCo 1st cons g 5s '48

'00

64% 69% Chic Jc & St Yard col g 58.1915
65%
67%
66% Oct '02 "20 65% 65% Det M & M Id gr incomes. .1911
Hoboken L& I gold 5a.. .1910
98
80
97%
97%
Mad Sq Garden 1st g 5s. .1919
99% Apr'01
Man Bch H & L geng 4a. .1940
99 Jan '99
1321

A-O
100 May'02
F-A 108% Sale 108% 108%

A-O
M-N

10

93
100
85
64
14

Aug'00
Oct '02
Sep '02
65

14%

S LeathCosfdebg6s..l913 M-N llS^a Sale 113% 113%
*iNo price Friday; latest bid and asked, aDueJan fcDueFeb

100
107

100
112

100
85
55

110%

634

112

95

74
19

110%

Xewp Xe

X Y Dock

Ship

<fe

D D 5a dl990

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

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 i g 6a. 1931

cDueMar dDneApr ^DueJ'ne

/iDueJ'ly

fc

10034 J'ne'02

81
105
83

J-J

50-yr 1st g 4s.. 1951 F-A
St Joseph Stk Yds 1st 4%s. 1930 J-J
St L Ter Cupplea Stat'n *• Prop
Co lstg4%s 5-20 year. .1917 J-D

103=8

95
102

,

Sale

107%

10034

80
111
82

80
Mar'01
85

50

F-A
J-J

104%

104%

Feb'02

96% Oct

'02

Feb '97
113% J'ly '00

4

24

101%
79% 85%
30

91%

38

50

90% 100

101
105

85

Due Ang p Due Nov

85
q Dae

84%

89=4

Dec sOptioasale

1
'

.

k

1

,

BOSTON STOCK EXOHATOE-Stock
Share Prices — Not Per Centum Prices

Monday

Saturday
11

Oct.

STOCKS

Thursday
Oct. 16

Wednesday
Oct. 15

Tuesday
Oct. 14

13

Oct.

Oct.

of

Mange

tor Previous
Year (1901)

1

1902

the

Week

EXCHANGE

17

Mange Since January

Sales

BOSTON STOCK

Friday

Weekly and Yearly

Record, Daily,

S?iare&

Lowest

Lowest

Jiighest

Highest

Railroads
85*2 87k
83% 85% 86*2 88** 87=8
99*2 99 78 100
98*2
99*2 100
98
258*2258*2 258
200 260
258*2 259
155
154 154
»153*2 154*2 •153 154
*240
240
•240 244 *240 ....
195 1 95 *2 194 194 *194*2l95*2 195

*300
*150

•300
*150
126
»199
*102

152
126
200

*

*199
•162
»144
»173

144
173

144

34*8 34 k

34k
94% 95
34*2

•24*4

200

144
173

145

....
300
153 *152
126*2 126 >2
*199 200 *199
162 .... *162

300
150

152
126

95
95
*24*8 25*8

25*4

144

34*2 35*4
94»4 95
*25*2 26*2

228

173

232
210
79
85
70

101*4 102=8
*89 78 90*8

"25*2 20*2

230 k

232

102*4 1 03 \
*903a 90 58

144 144
•173
35
35 34
94'4 94 34

173

234
211
80 k
85 k
71
*7l"
85

155
126
200

*230

230

228

225

88 58 R9*2
101 101*8
258
200 200
155
155 157
240 240
195*2 195 195
88-"*s

100=8

228

229

*232
•210
*80

.

79 k
85
70
85

.

'209*4 210
*
79*2

85
72
85

*

70
*

209*4 209*4

79
85
70
85

79
•
'

'

*93
113
27
•49

26*2

93
113
*26*4 27

50

"49*2

*23

...

24k
84k

93

84
7

7*4

118

118

77
*4

77
4k>

"o2"*53>9

50 34

7 34

7*2

85*2
•183*2

86k

2*4

214

*

2%

'125

,

270
181
39

178

180
37% 39
a
85 4 85 78

270
181
39*4

85*2

185

85 78
188

*2*8

3*4

2*.

138

138
232

*135

138
232

150

*26

153

*26
*29*2

27*2

20k

152

*2%

2**

*20
*29 1
-2

2*4

109*2 HO 1
52 3 52 34
*30*2 3U 34

IIOI4H2
5234

52^

30%

30-5»

234
159
*26

....

'a

111

52*2 52k!
30 4 31
14=8 14-8

-,

234

"9*2

a—2

110

!

35
233*4
10

155

10

'9k

*9*2

.

23*3*"

138k

"137

138

'

;,

Santa TelOO 16,723 743s Jan 27 96*2 Sep
100 1,893 95*2Marl2 106 Sep
259 "a 260 Boston cfc Albany
100
125 258 Sep 27 266 May
156
156 Boston Elevated
433 a;150 Aug29 173*2 Marl4
100
Boston & Lowell
240
7 236 J'nel3 248 Apr
100
35 191 Jan 2 209 Apr
194k- 195 Boston & Maine
100
r28
Last Sale 177
J'ly'02
Do pref
100
172 Jan 13 183 Apr26
300 300
300 Boston & Providence 100
300
112 297*2 J 'ne20 307 Mar26
157
157 Chic June Ky& US 5T100
153 156
316 150 Sep 30 172 Mar26
126
Do pref
45 125 Oct 1 136 Mar26
100
Last Sale i?9*4 Oct '02 Con<fc Mont Class 4.. 100
199 Augl2 202 Jan 2
Last Sale HiO
Sep '02 Conn & Pass Riv prel' 100
160 J'ne23 166*2 Feb 10
Last Sale 288
J'ly'Oi Connecticut River... 100
285 J'ly 1 295 Feb 6
142*2 143 Fitchourg pref
143 143
420 142 Jan 24 148 Marll
100
LastSale 276*2 Aug'02 Maine Central
172 Jan 7 178*2 J'ly 10
100
37*2 Mass ElectncCos
36
37
36 78
100 4,678 33*2 Jan 28 45 78 Apr 21
~
95
94 34 95
95
Do pref
235 92 Jan 13 99 J'ne
loO
LastSale 26*4 Oct '02 Mexican Central
26 Jan 15 31 Mar 3
100
230 230
230
232 N Y
180 210 Jan 31 254 Apr 28
<fe Hart.. ..100
Northern N H
25 170 Jan 14 175 Jan
100
Norwich & Wor pref 100
7 230 Jan 9 238 Apr
209*2 209*2 Old Colony
210 210
95 208*4 J'nel8 217 Apr _
100
80
81
81*2 Pere Marquette
80
954 68 May20 85!4Sep 10
100
2.x
85
84*2
85
Do pref
100
79*i May 19 91 J'ly 30
70*2 72
73
74 Rutland pref
874 70 Sep 12 125 '4 Apr 23
100
'02 Seattle Electric
LastSale 84
Sep
100 58 Jan 8 90 Mayl
100
105 105
102
105
Do pref
5 103
Oct 6 110 Marl
100
10538106k 1063a 107 Union Pacific
100 10,112 98*2Eeb28 113 Aug26
7
7
90 8 90 g
90*2
02 86=8 Marll 94* 8 Aug2
91
Do pref
100
173 173
35 172 Jan 15 178 J'lyl
Mass
100
"93" "9*3* Vermont <feSt
"92*2 93
West End
252 92*2 Oct 4 99 Marl8
50
U13 ....
114
114
Do pref
26 112 Sep 12 117 J'nel6
50
"27*2
28 Wisconsin Central. ..100
200 19*2 Jan 28 34 78 J'ly29
LastSale 55*2 Sep '02
Do pref
100
393s Jan 28 55*2 Sep 4
LastSale 150 Aug'O Wore Nash & Roch.,100
148*4 Feb 11 152*2 Mayl2
miscellaneous
24
24 k *23ks
24*2 A.mer Agricul Chem.100
530 21 Jan 16 32*2 J'ly 29
84*4
84
82
83
585 81*2 Jan 2 91 J'ly 29
Do pref
100
530
9 34 May22
8
8 Amer Pneu Serv
4 Jan 21
50
26
26
10 21 J'nel9 37 34May22
Do pref
50
123 125% i25*4 I2534 Amer Sugar Relin
100 21,950 116*4 Jan 6 135*8 Mar:;]
119 119
613 115 Jan 4 123 Sep 4
120
120
Do pref
100
165*2 167
167
167 Amer Telep & Teleg.100 2,352 155 Mar 1 185 3sApr 4
15
13 7s
255 13 Apr 23 17*4. an '
14 34 Amer Woolen
100
"7*6* "2
77
77
79
77
Do pref
73 Apr 24 8034 Jau _
100
"4
4*2
*4
4*2 Boston Land
60
4*2 May 6
3 34May 5
10
Last Sale 227*2 Oct '02 Cumberl Telep & Tel 100
122*2 Apr 4 13034 Api 30
06*2 59
16*648 25 Jan 15 79 78 Aug20
57*2
58 k Dominion Iron & St..
7*2
7=8 East Boston Land
7k 7 k
1,435
7*2J'ly24
9^Mar27
270 270 £267 *a 267*2 Edison Elec Ilium. ..100
84 244 Jan 2 285 May 9
183*2 184
619 J171 34 Oct 13 332 '4 Apr 9
1«0
188 General Electric
100
41*4 Mass Gas temp ctfs.,100 8,751 37
40 34
39*a 41*6
Oct 7 41*4 Oct 17
8038
85
85 7g
86
Do pref
100 8,230 85*2 Oct 4 87 *4 Oct
'185
185
Mt'i-rcnilKilir Lino. .100
6 170 Jan 2 190 Sep
"2*8
"2
2*4
260
33g Apr 7
Mexican Telephone.. 10
2 Jan 6
Last Sale 87\ Oct '02 N E Cotton YarnpreflOO
87 34 0ct 10 93*2J'nel6
34J'nel9
Li
N KGascfcCTrrects.100
2
7*%Mar20
138 138 "137*2 139* N E Telephone
46 135 Jan 2 151 Apr 30
100
33
33
1
Plant Comp new rectslOO
35
30 J'ly 22 41*2Sep 1(1
234 236
157 216 Jan 7 250 J'ly 21
236
236 Pullman Co
100
"J>2 ....
-9*2
Reece Button-Hole.. 10
6 Jan 23 10 Oct. 14
160 101
•159
100 Swift & Co
6s; 100 Jan 9 177
100
J'1 V 2>
Last Sale 10
Oct '02 Torrington Class A.. 25
26 Oct 9 27 Jan 2
7
7
7 Oct 17
*29ks ...
25 28 Jan 23 29 8
Ho pref
29 8
29
LastSale 2
Sep '01
1*4 \
2*2Mn in
Cop L'd i^ .Mg. 25
"839 85*2 Jan 8 117 Sep 22
111
111
United Frail
loo
111k
*51
504 10 Jan 2 57*4 May 1
52
mtcd shoe Maeh... 25
30*2 31k
411 29 Jan • 33*2 \pi 28
31*2
Do pref
31 34
25
15
15
7oo 11*4 Jan 25 15'., Sep 22
US Leather
100
2-'
90*2 "90*5
15 80*4 -i.
i>u
UK)
5( p22
pref
Last Sale /S=s Oct '02 U S Rubber
Od
100
Last S ale 5H
49 Jan 2 02'-, Mar25
Sep '02
loo
Do pref
40*4 4ok
40=8
urn 4,754
41*4
Jan
S Stei
orp
90*4
90*4
97 k J 11 7
loo 2,3b5
90 k
Do pref
Last salt 80
•72*2 Marll
Sep '02 West End Land.
\prl5
27 k 27 k
w.-st Telep & Teleg.100 "339 20k -Marll
\pr 4
28
99
99
101
473 01 Feb28 Hl'.'-jA])! 4
100
Do pr.l
LOO
Last
I08 a4 Oct '02 Westing El & Mfg... 50 ""63 86*2 J an 11 '15 '2 Apr 9
"106 110 106
89 J a 29 17 Apr 9
110
so
Do pret.

Do

pref

.

NH

!

1

159 k

2:1*2
"2 '8
2*4
110*2 112
52
31
31
14 34 15*8

42 34 Jan 90 78 J'ne
80 May 107*2 May
251 Jan 265 Apr
159*4 Jau 190 J'ly
238 J'ly 248 Apr
189 Dec 200 Apr
168 Feb 176 Apr
297 May 307 Apr
143*2 Jan 162 J'ne
126 Jan 135 Apr
198 Jan 0038 Nov

Jan 05 DecJan 286 May
Jan 148 Apr
Jan 173 Nor
Jan 45 J'ly
96 J'ne
7 *2 Jan
13*2 Jan 29 78 May

160

270
139
166
24

Feb 217*2 J'ne

201
163
223
205
30
70
87

Jan 73 Nov
Jan 231 J'ne
Jan 12*2 Apr
Jan 95 Nov
Jan 89 Nov
Jan 120 Deo

Aug

42

.

1

,

1

I

1

1

82 Jan 99 May
172 Nov 173*.2 Aug
92*2 Jan 99 Apr
110 Jau 118*4 Apr
17 Feb 24*4 Apr
40*8 Dec 48 J'ne
150 Aug 155 Aug

20

34 78 J'ne
91 J'ne

Oct

79 '2 Dee
3 34 Jan

39*8

38

t.

90

*2*2

18*2
*2*2
02*4

18*s
3
,

2*,

•4*2
••35

*

-90

18*2
3
63
2m

11

•5

510

63=8

2

100

22
27

3

r

6

*-05

*

2

57 34 59
49*2 49*2
120 120*2 127*2 127*2
"115 4110 '2
115*2110*2

58
50

14*4

14*4

13

13 a4
1*2

"1*2

3

9*2

2%

"Jki
9 ''8
3
>

3
9=8
3
13*4

14

10

10*b

»9W,

46

2=6
1*2
2

k

16 Hi
57

*25

4

20

125

125

5
2

'4

40*8 47

10*2

2%

'2

9*4

105
1 "a

100
10*4

v>

57
25

130
,

*9

ion
'2

*94

10

10 '2

2°e
1*2
2
17*4

57
26
4

i

4 '4

1*2

1

*1

16*2

:

l

Ik
2*2

*1
*2
16
50
25
4
*125

l'f-

2%

2*2

25
4
*125

130
7

2**

1 8

1*2

l-'-s

•9*4

10
160

160

1 *2

v

"1

e

10*4

10*2

'e

1

ii 34
21*4
6

3 78
58
1\

14*4

21
4*2
3 34

57
*1

14
21

'2
*a

41.J

3 a4

58
1*4

i-p-j

n

'i

i

i

,
a

21*8 21 4
4*2
4 k
*3 78
4*8

*57

1

-

2

3

ki

*9k 10
3*4
13

3
13*2
14*8

lt

Ik

1

:

:,

4

6
2 k
2
2 k

"Ik
*2
17
57
20

18
57
20

58k
1

*

1

102

L

29
•70

I (

'oji

m

linti^li

'

t

La

18*4

Sale

J'ne'02

&

ln«S

S

1

(

'13
15

11
46*4

(

1

1

1

1

1

.;

9*2

10

3
•13
15
2

11

100
100
12
25

132 Dominion loal
Z26*4 Oct '02
Do pref
'2*2
:;
Elm River
131

14*2
"Iks

<

10

1

'raukli n

5
3 Guanajuato Consol..
13*2 isic Royale (Copper). 25
14*2 Mass Consol
25
25
2
Mayflower

Jan

'02

Merced (Gold)

47*4
">

9k,

40 k

*5*2
2=8
2 7e
2 34
Last Sale 2*2
-2
"2
2*a
'.

10*a

m Lcliigan

47

'i

<

11'-

'Jl

21

(

>

I'.
21 7

ll-'l

/

8

7,*2"l*5

55
955
50
111.:

2,350

4id
2,012
121

"3*3*5

1

*3'a

•I

,

59

59

6J3elorepay'tolassesB'ts called during 1901.

1

33 Jan
152 78 J'ne
130 J'ly
182 May

Oct

70*%

21% Jan

Mar 83

ih
59

4

58

oria

4

Winona
Wolverine

78 7s Fell

25
25
25
25

s

13*4
1

9

i.v

11

-J:in

1

May

1

Apr
i.;v

31

.1

MarlO
.hiir :;l

May

Oct 13
HI'.. Jan 1
21

8

A pi 21

Mar

217 Jan 270
184*2Jan 288

Deo

Feb 182 34 Nov
Dec
334 Mar
88 Dec 99 Jan
4I4X0V 15 Jan
127*2 Jan 146 Apr

153

1*2

Id

11
7
l'V-

lilk

9
7

May

1

Jan

M

33

Apl
.I.111

1

130

I

Apr
Jan

2

1

06

1

69*2 Jan

s

J'ly

1

en

j

Dei

No
2
9
Feb
29 Die
Ok Dee
50c.

1

21
15

<-

l<

129*8 J'ne
5*0 J'ne
Apr
1 8

53
2484

e

ill

Apr
Mar
-Mar

.-,',

Sep

43

Dec

43*2 Aug

k Jan
Jan

l 78 Mar
7*2 Jau

23*8 J an
He son Mar
Dee 22*2 Apr

>,(>ct

1

12

lukDec

34*4 -May
Feb
L3

Aim

8
>4

1

13% Jan
4 Apr

Dec

H4N0T

26

7

.1

1

1

1

1

i

234

Oct

9

11*2 May20
13 Ocl L3
1*2
3

1
2

Jan
Jan 10
Jan 14

2

1

'..

ii

.

4

Mar

33s
(H;i*4

.Ian

l*o J

Jan

I

Dec

11

Mario

4
65 34

Sep

9

Oct

2

4

4 34

MarlO

i

Ian 01

•

k MarlO

A in,' 19

25

Feb

1

May
37% Sep
50 k

lie

1

Aug
1

1

•l'i
.".cr.

Sep
50 14 Sep
Jau
7
5*8 DeC

20

eh
el.

4% Aug

Jan

Aug 5%
3
20*a Dec 38 1
De< 120
72
-

58

27*2

Feb27

Apr 9 117

Ik

Ala
50
is
May22
0(
L3 281
in
3*2
6
Jau 2 125
>.
Mar
1 S

-Ian 27

1

1

.

1

50
10
27

2,918

.1

",

1

11
19*2
4*18

575
370 <U
1

350 75

.111

:

1

1

22

7

b

M.

.hni

9

ly

24

.1

.l.lli

*Bld and asked prices.

11

Aiil; la

1

1

2

1

I

Mario

LO

Jan 14

130

'

1

J'ne

New stock,

Apr
Sep

Apr

2

k Jan

Dee 303

M Ok J an
9 *fl Jau
18*2 Dec
3*2 May
l 78 Deo

61*2
1 34 J'ly

Max
Sep

10 Feb
10*8 Apr

3

2
•50

Oct

58

Feb
Sep

41

J'ne

24

Apr

12
10
73

Sep

63

ls

Sep
Fell

.:

,

is:

'...

1

Sep 2
Jan
Sep 30

May
1

1

4

1'-.

:i

Feb

3*4 .Mar 3

let

Jau

6

Jau

,,....

6
4

834 Oct

Dec

18ifl

Max

:

16

.

7
,? s Jan

25

1

Sep 2a
Sep 20

d:;\

2*875

Aug

m;i 4

Apr 12 11 Dec 55*2 Deo
J'ne
1
50
l.v
28 N v
8
54 Jan 2 40 *a Sep 5 32 May 5:D4Deo
j'ue23 119 Jan 23 LOS Jan 120 Dec
Mar
7
1*2 Jail 16
5*2 Mar 1
2 In c
25 Mar
9*2 Oct 13
11*2 Di

16

220

Sep

33

I

l\

I

k Apr
May
1 34 Feb
1

89*2 Deo
91 Deo

Jan
Jan

54

1.1,

2*4

2

Mar

50
i*025

t

I

12
Jan 20
28 MarlO
8 34 May
2
Jan 8

1

1

Jan 20

43 34 Mail

5 125

1,182

5

'

sOk-riy
laOi

May

lt;58

83 's Aug
34 Jan
82 s8 Jan

Dee

46

Sep

30

23*8 Jan

5*2 May

Mar

650

Jan

Mar
Aug
May
-N.iv
2
5 Mar
Sep Ki7 Mar
7:;
is k Nov
30*4 Feb

Apr 23

k Sep

Oct

Jan 225
9
5 34 Oct
100 Dec 110
25 k Dec 29
Jan 29
27

198

.Mar

J'ly 21 1*20

3*2

;

-1
1
1
1*4 Wyandot
d Before pay't of assess.* ta called during 1902.

1*4

J'ly

4 Feb
4 34 Oct
129*2 Nov 140 Aug
20 Oct 39 Mar
Nov 9 S8 Feb
7

24 34 \pr;;o

1

6%

1

Apr28

*2

4 34 .Mar 3

1

55

2,93

1

6*s

1

271 d9
2,310 d-11
1 .1.1
3 J'ly 25
3,055
1 78 J'ly 22

1

10
"3 7s

24

1

17

,

1'-

3*2 Jan

•25

8,103

I

1

J'ly

•10

3*980

15

25
MoIkiwI
25
MontanaCoal<fi loke 25
3
2 i Montreal <t Boston..
Sep '02 Nal ions!
'1. Old Colony
17
17
17 78 lid Dominion (Cop)..
17
57
57
56 '2 isceola
20
siIva Copp)
26*.
itl
26*2
"4
*4
4 k I'huMiix Consol
130
•125
130 Qu Lncy
2
2
25
Rhode Island
2
2
*1=8
lv 1=8
lop) 10
1 78 •^niita Fe(Goltt«S
Last Sale 50
Apr*02 Santa Isabel (Gold). 5
10*4
10
"10 Shannon
10
934
103 103
25
amaraok
160
160
-1=8
25
ei amseh
2
/. a 8
25
imountain
Oct '02
93
ilk 11 k
25
11
11 Trinity
«
.s.r
/, a 1
loo
27
Sep '02 aitea Copper
21
m Lning v tr cii's. 25
21*8
21%
.1 stati C lal&Oil 25
15
15
1 5 s
22
22
22
22
tali Con (Gold) txro4 85
534

1

18 505

(

1

3
*9*a
2 78

24

5

Ltd).

i

Hecla

1

1

an

•j

(

l'

7*4

J

2 AuglS
61*8 .Mm 25
2
Feb 28
9*2 Mar27

•40

i

'.

"300

-

.iiiiiii

(

ilumel

1

"l6

'

juick

-

1

11*4

59
*1

<

Bonanza (Dei

Sep '02
520

1

1*070

Bingham

Apr 02 Boston

L0.87

18

•50

Sep 02 Ai imld
23 Atlantic

29
k

2

11. nil. in

\

1

100

I

1

iatalpa (Silverj
'1
nteiinial
»il
Sep'O
lentral
t Sale
60
Oct '02 looliitj Tr o rects..
5
1 8
1' Cons Mi rut
.old...
1**16
Last Sal. 17
Sep '02 Continental Zinc
34
58 34 59',
lopper Range ion 10IOO
58
59
"50
51*4 *
5
20
Daly, w.st

18*4

•

2

8

<

0(

'

1
*'-

5

Amer

'02

lopperl
told in ed^ tng
1

751
56U

1

130

2

Amalgamated

1

4k

1 58

66*-

•70

L a s t Sale

*5*2
*2«8

22**
4

520

"1*2

':

10

10

*94
:

I

'llokllOk Last Sale

162

10.7

29
•70

25

k

4*2

6
*510
Last Sale 10
Las
Las

6

1(1

100

u

22

25

Allouez

Am Zinc Lead <& sm. 2
12
Oct '02 Anaconda
2

10

"4*2

*22*4
28*4

2

Sep

2*2
*

58 34 59 k
50
50
12S 128k *129

2
1 78

1%

•94

100

•6*2

4
*125

"21" "2'ik

•3%

65 34

Last Salt 65

520

46 34 47*4

6

6

6

520

05

2

40

47

•16
•55

•57

1

Adventure Con

21
4

'4

1/1

.S'

1 78 1' 6 16

13

4"4

Last Sa

•70

1»*4 "l« 34

13 4
13 34

1414
21*4

00

Last a
Last S a

17 78 "l8k
8

"6

13*4

*10

k

3

131 3 „ 13132

10*4 "lf*2
*6
8

1*2

28

510

510

3
13

111 '4

.

•05

* ......

3

"5"
510

520

28
•65

•70

*2*2
9 '2
2 34
13*4

*1%

2

28

"•05

•70

57

-2 2
3
•9*2 10

*94

65*2

l

25*2

4*2
*-3o

21
27

*48*u

»HC*2ll0k

165

66 k

*

21

2k

"11

1 31 33

57*2 58
•48*2 50
'127
....

"-';]

22

2*2

Last Sale 25

«•().-,

*l* 3a

*1*2

65*4
2 '4

Alining

22

k

2

'2

"24*2 25 k
*4*2
5
4k
*-35
1-00
l-oo
22*2 24
22 k

"*'S"

8

*1
-2

2

6

i

11

t21*2 21*2

,

2k>

k-

108
104

11*4

520

"'18*

*6

*5*2
*2 38

99

"lT'*4

k

6

610

•46

28

:i

-

*25

4*2
4 34
1-00 *-35

3

*2%

*27

-98
*104
104

i

1

1

89 h
-90

*

19 3

19
2

<9

',

""if"

24

24"4
21
"27*2 27*a
27
*05
•00
00

••05
17*2

68 7s 89*2

4(1

*23*2 24*2

*ii"

•23

39
b8

28
26 34 27*2 -27
99
99
97 *a 99
*102 105 *104k;107
104 104
105 105

62 7
*

40

39*2

-90

•

*27
28
*98
99
•104*2 107
•104*2 107
18

4

87 %

88% 88 k
*

3

Mar

11

Aug
Dec
Dec
Jau

28
103
112
151
14

::

39 5

Dec

61

J'ne 108 Dec
78*2 Jan 132*2 May

98

1

'

88

88

88

164 k
14 k
76 34
4k
126

56*4
55
"7=8
77

7=,

2*8

123*8

47,

150*2 150*2
*2*s

*4

269*2 270

*...

»

70

4*2

7%

7%

14*2

77

127
54's 56

53k

234

138
»

4

118% 118 B4

*l»3k

88
4 78

104

76*2
*4

269
171 34 177k;
37*2
37
85*2 85 34

275
179
37*4 37 34

121 3

164
14*2 14k

269

•270
*177

24*2

103

127
734

24

83*2 84*2

120=8 122*4
118 118*4

119

101 ' 4 163k
14 k 14*2
76*4 77
4*4
4 l4

14k

50*2

84*2 84*2

117*2 120

118

163*2 164

113

24

24

93
113

93

7

119^120^
*

90

"26
*49

113
27 14

24*4 2414
»83*2 84 k
7*4

90

113*2ll3k

93k
4

104*8105
90
90

93
113

93

&

90 3 Atch Top

101*2

'

*i05»2io7k *105kl07*2 105*2107 *2 '105*2 107k
103*2 104

89=8
101*4

30
t

1

May

Assessment

Mar

2 78

Fell

Sep

Feb

paid.

v

5

Oqtobkr

1
1

1

1

Price

Week's

Friday

WEEK ENDING OCTOBER 17

Range or

17

October

99ia
9S 34 Sale

AtchA Nebraska La1 7s..l908
AtehTopA S IV gen g4s.. 1995 A-O ioi"Sale
954 96
Adjustment g 4s
J'ly 1996 Not
ifc

Maine 44s

Plain 4s...

98 4

13

98% 42
Dec '01

119
LOO
96

106
984 98 34

104 Apr'02
Bost & Moil 3d issue 7- .1904 M-N
FA
Boston Terminal 1st 3 41 5 4 Aug'01
L989 J-J
96 4
Boston United
596
744
1939 J-J
744
3d 5a
119 Sep '02
Bur it MoBivex 6s
1918 J-J 119
lo;>'.< J'ly'02
1918 J-J
Non-exempt 6s
100 J'ly'02
Sinking fund 4s
1910 J -J
100 J'ne'01
Butte Ar Boston 1st 6S....1917 A-O
138 Sen '01
Cedar Rap<fe Mo R 1st 76.1916 M-N
125% Aug'00
2d 7s
1909 J-D
Q-F
87 Sale
Cent Vermt 1st g Is..Mayl920
86 34
87
1014
ChicBnrUv Q 1st 7s
1903 J-J 101 102 1(11
110 Apr '01
Iowa Drv 1st 5s
1919 A-O
102 Oct '02
1919 A-O
IowaDiv 1st 4s
1074 May'02
1913 M-N
r>e!>enture 5s
100 4 Oct '02
F-A 100
Denver Exteil 4s
1084 Apr'02
1927 M-N
Nebraska Exteu 4s
99 4 sop '02
st 4s
1921 M-S
B<fc
101 u J'ne'02
1949 J-J
Illinois Div 3 4s
Joint bonds S( e Gt Noi
J-J
.109 110 Sep '02
Chic Jc By<6 Stk Yds 5s
99 Aug'02
trust refunding c lsl940 A-O
ChMilit St P Dub
J-J 1274
1274 Oct '02
J-J 126^
Cii
1304 J'ly'02
A- St P Wis V di\
M-N 10S
1084 Oct '02
Chic A No Mich 1st
Sale 108
1094
921 J-D 108
Chic &
Mich gen 5s
109 4 Mar'02
Concord & Mont oons Is.. 1920 J-D
115 Apr'02
Conn A- Pass B
g IS...1943 A-O
Current River 1st 5s
1927 A-O 105 107 1054 Sep '02
1st 4S...1946 A-O
Der Gr Rap A994 9984 Oct '02
110 Oct '02
Dominion Coal 1st 6s
1913 M-S Ill)
1906 M-S 108
108
108
Eastern 1st gold 6s
Eitehhurs- 4s
100% Mar'02
1904 M-S
4s
111*4 May'02
1927 M-S
138 J'ne'02
Fremt Elk* Mo V 1st 6s.. 1933 A-O 137
1033 A-O 137
138 J'ly'02
Unstamped 1st 6s
94:4 Sale
Gt Nor CBi-n coll tr 4s 1 921 J-J
94
944 170
1921 Q-J
94 3 J1y'02
Registered 4s

99?8

104

99 78
104

1

-

<

.

1

SW

;

M

W

l

.

.

M

W

<

Note—Buyer pays accrued interest in addition to

99 4

83
56
119

1910
deben 5s
Non -convert deben 5s. ..1913
la Falls & Sioux C 1st 7s. .1917
Kan C Clin <fe Spr 1st 5s... 1925
Illinois Steel

93

KanCFt

•,.

1934 M-S
Marl934 Spl

4s

Income 5s

Old Colony Tr Co rects
Kan C <fc By & Br 1st 5sl929
KanCStJo&C B 1st 7s. .1907
Ft Smldgr Ist7s...l905
Maine Cent cons 1st 7s. ..191 2
1912
Cons 1st 4s

M

Ont

6s

994100*4
101*41024
110

1014

1274132
1314
L084110

108 110*4
IO9I4IO914
114*4 115
1054 107 *4
99 101

1908
1915
1905
N 5T&N Eng 1st 7s
1905
1st 6s
1924
Old Colony gold 4s
.1946
Ores Ry&Navcon g 4s.
1922
Oreg Sh Line 1st g Os
Repub Valley 1st s t 6s. ..1919
1902
Rutland 1st 6s
Rutland-Canadian 1st 4s 1949
1930
Seattle Elec, 1st g 5s
1918
Torrineton 1st g 5s

all

214 J'ne'02

j-j
j-j

105

Feb '02

A-O

105

Sep '02

10 4

1054
1044105

J-J
J-J

J-J

F-A
M-S

21 and ay
Oct 13

No price

ACTIVE STOCKS

Wednesday

27% 28
454 4641

28% 284
46 34

46

I

::

4

134 13 4

13

124 *120 1234
28»8 29 4
28 4 28 34
47*4 47',
46% 47
13*4

134i

13%
s

27%
224

27

78 4

»77

33%

274

21*8
71

27
22*8

72

22

27 4
4
21 34 22*4
72
72
*77
78
34*4
34

714

4%

54

*4

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

Daily,

4

108

107

104*4 104*4
103*8 103%

103% 1064
119 34 119 34

H Trust Co.

ctfs.

Range

for Previous
Year (1901)

I

190?

(For Bonds and Inactive
Stocks see below J
Shares

100

1004 100%

Weekly, Yearly

Range Since January

Sales

107

104*4 113*8

100

87 *4 J'ly '01
11934 Mar'02

Friday; latest bid and asked.

103%

101*4
10334

Ml

103=8 j'ne'02
1044 104 34

1044 Sale

the
Week-

Friday
Oct 17

*4..-.

79% 804

78%
46%

47 4 47 34

S\

8 34

*17%

SOSg 81*16
47*4
47

80
47 4

834 8* 5 ,6
17*4

8»ia S**ia

PHILADELPHIA

Lowest

Highest

Lowest

Highest

Axner Iron

50

734

524 53
77

50
Cambria Iron
50
Camden <fe Trenton
10
Central Coal & Coke. loo
Preferred
100
Consol Trac Pitts
50
Preferred
50]
Danville Bessemer. ..14

47 34

48

48%

81»18 8**16

17*4

08

8%

9

17% 18
34 34 3546
43 34 4o- 4
;,

47*8 474
47 4 47 4
112% 112*4 113 113

PHILADELPHIA

Cit St Ry (Ind) con
Col St Ry 1st con 5s 1932

5s '33

Electric... 50

9%

Electric of America... 50
Elec Storage Batt....lO0
Preferred
100

9 34

84

Gennantown Pass

50
Harrison Bros pref.. .100

Con Trac of N J

Fair.. 50
Preferred
50
Indianapols St
100
Inter Sm P & Dynam. .50
Lit Brothers
10
Little Schuylkill
50
Minehili & Schuyl H..50
Nesquehoning
50
Haven Iron & Steel.
North Pennsylvania.. 50
Pennsylvania Salt
50

48

Hestonv Man &

75

114 12
61
66

N

54

6

109"e
112
49
53
100 101

Pennsylvania Steel.. 100
Preferred
100
Phila Co (Pitts) pref... 50
Phil German <fe Norris. 50
Phila Traction
50
Railways General
10
Iron & Steel..
fusqueh
idewater Steel
10

48*4

173
9734

484
176
98

5

5*4

2%
54

N J RR&C..100

2%

282

UnitPow & Trans

6

284
44*4

25
50
50
Steel. 10

United Trac Pitts

Warwick Iron &
West Jersey & SeaSh.50

638

Coal... 50

7o
•

1st 5s. '33

5s 1920 M-N
Elec & Peo Tr stk tr ctfs
Elm & Wil 1st 6s '10.J-J
Income 5s
2862. A-O
Eq II Gas-L 1st g 5s 1928
& B Top con 5s '25 A-O
Indianapolis Ry 4s. 1933
Lehigh Nav 4 4s '14. Q-J
RRs 4s g
1914. Q-F
Gen
44s g. 1924. Q-F
Leh
C 1st 5s g '33.. J-J
Leh ext 4s 1st 1948. J-D
2d 7s 1910
M-S
Consol 6s 1923
J-D
Annuity 6s
J-D
Leh Trac 1st 4s '29. J-D
Nat Asphalt 5s 1951. J-J
New Con Gas 5s 1948 J-D
Newark Pass con 5s 1930

H

145

Bid and asked Drices

Atl City 1st 5s g '19. M-N
Balls Ter 1st 5s 1926. J-D

Che & D Can 1st 5s '16 J-J
Choc & Me 1st 5s 1949 J-J
Ch Ok & G gen 5s '19 J-J

1

6%

V
V

M

V

NYPh&Nolst48'39J-J
Income 4s 1939. ..M-N

No Penn

1st 4s '36.. M-N
J-J
7s 1903
Penn gen 6s r 1910. .Var
Consol 6s c 1905. ..Var
Consol 5sr 1919. ..Var
Penn & Md Steel con 6s.
Pa &
Y Can 7s '06. J-D
A-O
Con 5s 1939
A-O
Con 4s 1939
Penn Steel 1st 5s '17 M-N
People's Tr tr certs 4s '43
P Co lst& coltr 5s'49 M-S

GenM

N

no sales on this day.

Oct 13

13

Marl5

17

m

. .

M

1

Bid

Al Val E est 7s 1910 A-O
Asphalt Co 5s 1949 tr ctfs

34 E & A 1st M

5,025
2,610
1,630

58 Jan 65 34 J'ly
88 4 Jan 106 4 Dec
30 4 J'ne
9?4 Jan
24% Jan 54 34 Sep
14 Dec 18% Mar

:,

38*4 38*»i8 38**i«

4

'4

Ask
122
25

112
90
108

95
110

Bethle Steel 6s 1998. Q-F

State Steel

Westmoreland

814

47*4

62*4 Jan 28 74 4 Sep is
Jan 7 125 '4 J'ly 29
2334 Jan 24 34 34 AuglS
44 Apr 2 55*8 Augl9

104

%Dec 2% Jan
%Sepl7 1 Apr 28
50
SgMar
%Apr
Do prel
50
2834 Cambria Steel
50 11,968 23 Mayl7 29*g Sep 23 1534 Mar 31%J'ne
284
23 34 24 Consol Lake Superior.. 100 11,225 21% Oct 13 36 Apr 29 204 Dec 384 Apr
72-8 734
100 4,310 664 Jan 3 80'4 Apr
40 Feb 80 '4 J'ly
Do pref
Lehigh Coal <fc Nav
50
108 71 Apr 15 7934 Sep 9 624 Jan 79% Apr
50 7,309 33*8 May 17 38 '4 Jan
34*8 344 Lehigh Valley
284 Jan 39 38 May
100 5,215
0"8
3% Dec 7% Jan
2% Feb 3 5**16 Oct, 3
5% MarsdenOo
* Sep 15 1*16
* Dec
*4
*4 National Asphalt
Feb 7
50
542
84 Feb
8
4
* Sep 13
85
1 Jan 16 Feb
Do pref
50
2*H J'ly 9
4
4
4
50 4,035 7o + Jan 14 85 So]) 4 69 May 81 Apr
82% 83 Pennsylvania RR
48 38 48% Philadelp'a Co (Pittsb) 50 10,704 46 Jan 3 50% Apr 10 40 34 Jan 54*4 May
8'3 1B 8' 5 16 Philadelphia Electric. 25 11,443
4*4 Dec
3 4 Jan 27
8% Feb
94 Sop 19
17% 18 Phila Rapid Transit . 50 17,100 8*4 J'ne26 18% Oct 1
aril 393,, Sop 3 12 4 Jan 28% Dec
50 58,667 26*4
34% 35*4 Heading ..1
Do 1st prel
50 1,818 40 Mar 6 45 4 Sep 3 34 4 Jan 41% Dec
43*3ia 43%
393 18 39 4
Do 2d pref
50 3,350 30 Jan 14 40", f Sep 10 19 Jan 32 % Dec
50 15,186 32 Jan 6 48 34 Oct a 24*4 J'ne 37 Jan
47 4 474 Union Tracton
113*4 114% United Gas Impt
50 6,535 101*aMay28 126 Fob 8 113 Sep 128 4 Jan
•30
35 WelsbachCo
100
24 Jan 31 40 4May29 38 Dec 55 Apr

484 Berg&EBrw 1st 6s'21 J-J

Preferred

Preferred

ie

82

Ask

Bell Telephone

United

6

81 3 ia

43 4

American Railways. ..50

Easton Con

78

81

*43*4

10

Diamond

34%

78

188

Philadelphia
American Alkali

Bonds

American Cement
Steel

284
4 23 76
4 73
5**16

22
72

*4

42 34

Inactive Stocks
<fc

3l6

5%

17 34
34' 8

Bid

1334

5%

5*8
3
4

34%

*38
38*4
46 34 47
112 112 34

I

*o

34% 344

42%

47% 474 46% 47
11241124 1114112

14

29

34*4

•77

354

17

29 4
47 4

13 34

29 4

28
22
72 4
78

4

22
72

34*4

17
17*4
339J6 34% 32H, 6 54l 16
*42
42*o 41 , *ie 42*8
*37
37*4
36 4 37*8
173,

474 474

Consolidated Gas
Northern Central

100
50
125
loo
29 34 Seaboard Air Line
loo
47 34
Do prei
14% United Ry & Electric. 50

734 734
'124

28*4

4

**4....

734 734

z IB

27 3

*4

4

4* 5 16 4* 5 ia

13% 13%

16

27 3

77
77
33*8 34

34*,

*72\ 734

724 73

'724.
I-

*

Oct 16

102 3

'02

Mar'02
1054 Oct '02

102 34
128*4
107

iltailiiuoio

73

,

Thursday

Oct IS

Tuesday
Oct 14

Oct

J'ne'02

108»4 J'ly

or

Oct 11

106
100
102

100

98
105

102 34

Exchanges— Stock Record,

Share Prices—Not Per Centum Prices
Saturday

1044107
102 34
125
106
100
102
105

12534 J'ly'02

M-N

104*4
69

104
105
105

107*4 107*4
106 10934

Oct '02
1044 Sep '02
112 May'01
10234 Mar'02

106

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

'

104

F-A
J-D

1917
Western Teleph <fe Tel 58.1932
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley 1st 7s. .1909
"

88
104

103

A-O

107'! May'02

fI86

102

84*4
3534

20% 244

Oot '02
Mar'02
,1034 103
103
1105% Oct '02
104 Apr'02

85
[03
103
52
104
105

Gold 4s

Boston Bonds.

118

30*4

1

139
138
9334 96 %
94
96%

130 34

118
79

Union Pac RR&lgr g4s.l947 J-J 102»4 Sale 10234
1911 M-N
106 4 1064
1st lien couv 4s
100 Sep '02
1903 M-N
Vermont & Mass 5s
1004 J'ne'02
108 111
West End Street Ry g 5s. .1902 M-N
1914 M-S
108 J'ly'02
Gold 44s
100% 100%
1916 M-N
104*4 Aug'02
Gold debenture 4s
11041H 4

the purchase price for

Philadelphia and Baltimore Stock

128

May'01
Sep '02

1094111

138
138

95

111
11214 115*4
105 1053a

J'ly '02
'4

97*4

92
108

79
79
31*4 Sep '02

Sale

J'ly
J'ly

1906 A-O
1907 A-O

6s
5s

128
105

118

118
79

994

98
84

1104 J'ne'02

106

11434
123*4 126

112 *4 Sep '02
105
105

A-O
A-O

.

101 %

110

111
105

J-J
J-J

:,

10841084

Sale

106

105
113

113

100

A-O 109

1 st 6s . 1 92 5

10741074 New Eng Teleph Cs

123
98
90

'02

Oct '02
1234 1234
984 Sep '02
90
90
92 »4 May'02

113

Since

January!

J'ly'02
101 102
101** "l2 100% 102
J'ne'02
132% 1334

A-O ioi"SaYe" 100%
i.;-j
A-O
ior," 105 Sep
A-O
'.'.'.'.'.'.

•S-=

High Ay Low High

Ask Low
102

M 6s. ...1928 M-N

M arq H ough &
Mexican Central cons 4S..191
Jan 1939
1st cons inc 3s
Jan 1939
2d cons inc 3s
1929
Teleph cons 5s
85
904 Mich
101. 104 4 Minne Gen Elec con g 5s 1929
1929
New Eng Cot Yarn 5s
102 1044 New Eng G as & C 1st 5s. 1937

108
99

Last Sale

J-J

LR&

82 4

121%
L 054 1054
99% 190

100

Range or

October 17

-

S cfcGulf Ist7s..l908 J-D

Kan C Ft Scott &
KanCM& B gen

"Range

Friday
s;

Bid

Low High

"48 i'66"
101
i03«8
Oot '02
91% 9934

1044 Apr '00
126 34 Apr '01
99% Jan '02

1007 j-d
1944 J-J
1942 F-A

Lowell 4s

A'o

99

Week's

Price

BOSTON STOCK EXCH'GE
Week Ending October 17

Since

January 1

High

99

99

BONDS

Range

IS

Last Sale

Ask Low

Bid

Am Bell Telephone 4s IPOS J-J
J-J
Am Telop & Tel coll tr 4S.1929 MS
ft

839

Boston Bond Record

18, 1902.]

BONDS
BOSTON STOCK EXCH'GE

Boston
Boston

1

PHILADELPHIA
Phil Elec gold trust ctfs.
Trust cei'tlfs 4s
P & E Ken
5 g '20. A-O
Gen
4s g 1920..
Ph & Read 2d 5s '33. A-O
Con
J-D
7s 1911
ConM 6s g 1911.... J-D
Ex Imp 4s g '47. A-O
Con
ot '82 4s '37. J-J
Terminal 5s g 1 941 .Q-F
P
& B col tr 4s '21. J-J
Rochester Ry con 5s 1930
S R E Side 1st 5s g '35 J-D
U Trac Pit s?en 5s. '97 J-J
Welsbach s f 5s 1930. J-D

M
M

M

109

A&O

M

W

1104
109
115
98

M

117
98*4

Ash

BALTIMORE

Bid

Ask

100*4

Bid

Chas By G & El 5s '99 M-S

90
117

92

70 4
119

128
124
118
108
108

126
119

1254 126
1094

108
112
113
116

. .

117

70

110 34

Extcfe

100
50
100
82
13

7%

115
100
119
112

1124
1144 115
1114 112

N

111 34 112*4
125
115 115»4
494 50
384 39
100 101
117
118
76
78
4078
40

2d income 5s 1951

M-N

Knoxv Trac 1st 5s '28A-0
LakeR El 1st gu5s'42M-S
Cot Duck 1st 5s

Incomes

New Orl Gas
101

102
84
14

84

35

40

98
113
118
95
108
123

100
97
109*o

124

110% 111
112

Imp 58.1932 M-S 117
1054

Chas CityRy 1st 5s '23 J-J

City & Sub 1st 5s. .'22 J-D
City & Sub(Was)lst5s'48
Col&Grnv Ist6s.l916 J-J
Consol Gas 6s... 1910 J-D
1939 J-D
5s
Ga & Ala 1st con 5s '45 J-J
Ga Car & 1 st 5s g '29 J-J
Georgia P 1st 6s. ..'22 J-J
GaSo <fe Fla 1 st 5s 1945J-J

Mt Ver
160

;

1st 5s. .Var
Npt
P 1st 5s'38 M-N
Norfolk St 1st 5s '44.. J-J

N&O

119

122

109

11C

110
North Cent44s 1925 A-O 112
105
."J-J
6s 1904
Series A 5s 1926. ...J-J 124
124
Series B 5s 1926.... J-J
Pitt Un Trac 5s 1997. J-J 118
Poto Val 1st 5s 1941. .J-J 117 118
Sec AvT(Pitts) 5s '34 J-D 118
Sav Fla .feWest 5s '34 A-O 112
84% 844
Seaboard A L 4s 1950 A-O
1

Seab & Roan 5s 1926. J-J
South Bound 1st 5s.. A-O
UE1 L&P 1st 44s'29 M-N
Un Ry & El 1 st 4s '49 M-S
J-D
Income 4s 1949

Va Mid

1st 6s 1906.. M-S

2d series 6s 1911... M-S
3d series 6s 1916. .M-S

Baltcfc

1044 105

1910A-O 1034

MetSt(Wash)l8t5s*25FA

P 1st 6sm I'll A-O
118 1224
1st 6s tunnel.. 1911 JJ
Bait Trac 1st 5s. .'29 M-N 117
112
No Bait Div 5s 1942 J-D 1214
113
Convertible 5s. '06 M-N 102
100
Central Ry 6s.. .1912 J -J
1074
Consol 5s.... 1932 M-N 118
107%

A ext 5s. '09 J-J

1134 G-B-S Brew 3-4s 1951M-S

BALTIMORE
Inactive Stocks
Atlanta & Charlotte 1 00
87
874 Atlan Coast L (Conn)lOO
1104 111
Canton Co
100
104 10634 Georgia Sou<fe Fla...l00
111
1st pref
100
109 4
2d pref
100
118 119
G-B-S Brewing
100
122
121
Mt Vernon Cot Duck...
124
Unit Elec L & P pref. 50
141
86
Bonds
6*4
Anacostia& Pot 5s
1094 Atl& Ch 1st 7... 1907 J-J
Atl Coast L(Ct)ctfs 5s J-D
......
i'02"
Ctfs of indebt 4s
J-J
Bait CPass 1st 5s '11 M-N
90
121
Bait Fundg 5s. 1916 M-N
1024
Exchange 34s 1930 J-J
118
Refunding 3 4s 1952J-J

Char! C &
2d 7s

4th ser 3-4-5s 1921. M-S
5th series 5s 1926. M-S
(State) 3s new '32. J-J
Fund debt 2-3s 1991.J-J
West
C con 6s 1914 J-J
WesVa C<feP 1st 6g'll J-J
Wil & Weld 5s-.1935.J-J

Va

N

114
110 34 1114
86
84
95*4
95
68*4
68
106
112
112
110
115 115»a
95
96
118
1144 116

1214 1224

.

—

,

"

1

THE CHKONl^T/R.

840
Volume

of Business at

TRANSACTIONS AT THE
Week ending
Oct 17

NEW YORK

Stocks

Saturday

....

Bonds

Ask

Bid

Gas—
M-N

Exchange

Oct

17

January

$1,000

1901

1902

17

1 to Oct

1902

1901

—

Central* So Amer... 100 101

40
105
Commercial Cable
100 175
Commer Un Tel (N Y).25 115
Enip & Bay State Tel 100
78
Franklin
100
47
Gold& Stock
100 120
4%s, 1905
Hudson River Teleph 100 106
New Eng Telephone See Bosto
Northwestern Teleg. 50 122
N Y & N J Telephone 100 156
Rights
19
5s 1920
M-N 312
Pacific & Atlantic
80
25
Providence Telephone. 50 tll2
Southern & Atlantic. 25
96
Tel Tel <fe Cable of Am. 15 f.....

BONDS
$12,700
13,168,500

$20,225,000

Total bonds.

$1,000
281,000
19,943,000

$13,181,200

$1,557,670
2,321,200
804,074,400

$1,101,900
3,291,700
745,914,450

$807,953,270

$750,308,050'

DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA

EXCHANGES

. .

Week ending
Oct 17
1903
Saturday

Philadelphia

Boston

Bond

Unlisted
shares

Listed
shares

Listed
shares

sales

Bond

Unlisted
shares

sales

922

Tuesday

Wednesday
Thursday
Friday
Total

.

5,673
21,295
18,824
13,651
18,987
21,383

6,669
14,536
16,119
13,197
23,701
11,110

$24,050
52,105
31,500
155,300
40,600
56,800

12,350
41,077
32,701
22,207
32,662
29,531

5,935
5,380
4,526
6,497
11,905

$16,400
85,925
117,725
50,650
122,500
76,600

99,813

Monday

85,322

$360,355

170,528

35,165

$469,800

Electric

Weekly Review

Grand Rapids Ry

lstmort 5s 1904. ..J-D 100% 101
2dmort 5s 1914
J-J 107% 109
Con 5s 1943 See Stock Exch list
B'way Surf 1st 5s gn 1924 8112 114

2d 5s int as rental 1905 HOI
Cent'l Crosstown stk. 100 265
lStM 6s 1922
M-N 8123

Cen Pk N

& E Riv stk 100

100
Preferred
luo
Indianapolis St Ry S-te
J C Hob & Paterson..l()0
4sgNovl 1949... M-N
Lake St (Chic) El si
1st 5s 1928
J-J
Louisv St Ry 5s 1930 J&J
Lynn& Bos 1st 5s '24..
Minneap St Ry 5s Set- Stk
New Orl RysCo
loo
Preferred
LOO
1

102

275
126
220

210

I

Consol 7s 1902
J-D 100% 101
Christ'r& 10th St stk 100 185
190
Col& 9th Ave 5s See Stock Exch list
Dry D E B & Bat stk 100 120 130
1st sold 5 8 1932. ..J-D 113% 116%
Scrip 5s 1914
F-A 103 104%
Eighth Avenue stock 100 400 415
F-A 105 109
Scrip 6s 1914
42d& Or St Ferry stk 10U 4 10 415
42d St
& St N Ave 100 70 75
lstmort 6s 1910. ..M-S 111 112
2d income 6s 1915. .J-J
101
Lex Av & Pav F 5s See St k Exc list
Metropol Securities See Stk E x list
Metropol Street Ry See Stk E x list
Ninth Avenue stock. 00 190 205
Second Avenue stockloo 217 218
lstmort, 5a 1909..M-N 8105 1 106
Consol us 1948
F-A 8118 119
Sixth Avenue stock. .100 175
L80
Sou Boulev 5s 1945. .J-J 8111
13
SoFer 1st 5s 1919.. .A-0 1108 110
Third Avenue See Stock Exch list
Tarrv
P & M 5s 1928 108 110
IkersStRR 5s 194i
111
112
111
28th <fc 29th 8tB 1st 5s '96
Twenty-Third St stk.100 408 415
102 106
Deb 5s 1906
J-J
Union Ry 1st 5* 1942 F-A
8 % 119
Westchest 1st 5s '43 J -J 113 114 \
BROOKLYN'
Atlan Ave 5s 1909.. A-O
106
Con 5s g 1931
J 13
V.-0
stock Exc h list
Impt 5s See
B B .v. \V E 5s 1933. .A-O 102 104
Brooklyn City stock. ..10 247% 248
Con 5s See Stock Exch list
Bklu Crosstn 5s 1908.J-J 104 107
BknHglslsl5s 1941 A-O 1 05 108

M

1

.

i

,

BklnQCo&Sub

Exch

1

101
101
115

117 H
list

1st 5s

17'.i

84
186
33
132"

1920

.".11

Preferred

Industrial and Miscci
Acker Mer<fc Condit...6s
Alliance Bi

lit;

Amer Bank Note Co
Le

'

Preferred
\11e1

Amer
Amer

NYGELH&P
N Yi East River Oas-

101'

M-N 8115%

103
116

-

Qited

I

1

.as lam. is

Am

110

4

Am

F-A
loo

1

100

Preferred

41

5s 1919

Bait

Barney <fc
list

1 'i

i

92% 95
Bosto n

1

1%

list

Bliss

100

Car

[erred
1

23
76

ion
inn

lompany com..
i

BultaloCitvHasstocklOO
19% 11
Exch list
1st 5s 1947
A-O
76
79
85
ChicagoGas SeeNYStk Exch list
Brit Colum Cop Set
5s 1944
A-O 1 L3 115
Cincinnati
clOO
99
a.leii Land
99 "a
20
\st4s 1951
l-.l
89
88
C(d Gas L<& Heat com 100 103
106
Celluloid Co
100
AT b'g<fcFlatl8tex4%s. 105 106
erred
100 107 107%
nt Fireworks com. 100
(Stein way 1st 6s 1922. J
<ai7% 119% ColGaslst 5s 1932 J-J 8106 T
Preferred
ion
19"
Gas (X J) stk.100
17
.nt' al Foundry
100
OTHER CITIES
1st 5s 1936
JJ
89
91
Preferred
ion
•uftalo Street Ky
Cousum Gas (J City)—
Chesebrough Mfg Co LOO
1st consol 5s 1931. .F-A 8113% 114%
1st 6s 1904
M-N 8102% 104
Claflin ill B) 1st pref LOO
SJeb 6s 1917
A.O J106%
Del on :ity Gas
86
2d preferred
LOO
Chicago City Ry stk.100 210 215
Esses a
tidson Gas 100
35
35^
Common
ion
Chic U uionTrac See St'Ck
list
Fart \v.i\ in- 6s 925 .J-J
56
Col A- Hock C'oal&l pi 100
SleveUuidOit.y Ry
100 109
115
100
1st g5s 1917
l-.l
Cleveland Electi By.100
90
I.e. ill.
l;.i|ii
87
9
insimpressed Air Co... LOO
«olumbua (O) St Ry..lOO
56
60
ist 5s 191..
F-A 8102 105
..nsoliil 'ar Heating LOO
Preferred
100»105 107% Hartford (Ct) Gas L...25
Consul 1'neu 'ks com. LOO
Coluin Ry con 5s See Pli ila list
Hudson Co Gas
100
42
Preferred
100
Crosst'wn 1st 5s '33. J-D 8109 111
5s g 1949
M-N Mot'i 104% tons By Ltg&Refrig.lOO
i Buyer pays accrued interest.
t Price per share.
t Sale price.
a Ex rights.
'.

-.J

1

(

1

1

I

148
43
100
"a

1

1

'

I

I

(

24
23

126

20

29
10
99
LOO
37 \j 3S
90
140 150
6

33
27

1

-

lis

arity.lOO

York Dock

100
100
100

Am

1

I

:

i

Pratt & Whitn prof
Procter A, 1. amble. ...100
Preferred
Royal BakPowd pref.100
"11 & Krwtti
Safety car Heal & Lt 100

Mining
•Jd

104
61
165

106

63
L75
3

LOO

162

135

100
loo
100

il

preferred

Singer Mfg

340

200

5

Simmons Hardw com
c<>

300

280

1\
30
79
670

100

tferred

Standard Oil ol N J. .100
Standard Coupler oomlOO

9
81

675

32

Preferred
100 130
Storage Power
50
Swift it Co
-ion st k Exc
1st 5s 1910-1914
1-I 8101
102
Tennessee Coppi
19
25
Texas <fe Pacific Goal. 100
90
1st 6s 1908
A-O 8106 L10
Title Guar <fe Trust.. .100 775
Title Ens Co of N Y..100 150
Crent
20
omlOO
1

105
70

[erred tr cits ...100

Trow Directory new.. 100
1

Steel
ed

1iH.11

10

iper

1

&

Union Switch

t

<5

-,o

62

S

S Shiplmild'g(wh

128
127
128

34%

s

1;

106
66

"l34
60
10
55
53.J

.1

102%
98

60

•jo

6

.

lorp
-1

33

76
20

t

-

ha

.

68
91
LOO

i).

97
113
3
25
37

issl
in;.

\\ li

i>

1

Universal Tobacco.. .100
Preferred

lot)

Iron Coal ,v Cuke. 100
5s 1949 Otfs
M-S
100
'etinning

\'a

1

65

82%
75S.'

iss).

-Uver Corp 6s (w

170
LOO
102

1

100

.t

19%

20

12
7

ierred( when issued)
pd)

4%
19

W

I

Keduct&Re:

D

U
67

IL'

75

i

lerred

1

h

1

2 76

Chain. 100
100

Union TypewT.com..) 00
rred
100

380
116

115
20

6

t

145

10

1

to

102%

LOO
100
100

100
itton Duck
100
U s Envelope com. ..100
121
rred
100
107
109
alty&Con
100
stock Exch
i«>iTed
100
1

7

39

114
116
130
120
23
J7
Preferred
60
x v Realty Corp
188
N Y Transportal um. ..20 f 13
1
Nicholson File
00 151
T
N or
Lum'r 4 Pn plOO
s
Ontario Silver
9
100
Otis Elevator
42
Preferred
loo loo
'1%
Pittsburg Brewing.
31 h
Preferred
50 t 47 v 1S%
Pittsburg Coal
29*6 30
100
Preferred
loo
90
89
Pitts Plati
141
.100

79

1

'

t

•

15

1

1

50
100
100

ireferred

50
BondiS kftgG oar new 00
Borden's CondMilk.. 100
ion
Preferred
11

1

Biscuit

\

6I4

1..1

Sm

59"

175
47
100
290
141
41
96

:

Preferred
39

70
17
185

100

1

Preferred

90

6

05
14

Straw board red

Bonds 6s
Ann

10

L60
118'"

108

1

Ann

12

list

93

Soda Foun com.. 00

5

11% ll 7a

6

56
105

Amer Writing Paper. 100

Preferred
100
Baltimore Consolidat See
Bay Stale Gas
50

Binghamton Gas 5s 1938

1

4

90

'i

1st preferred
lM preferred

114
1

150

100

103H
105 107

Am

l

Exch

Press Assoc'n.ioo
American screw..
Amer Shipbuilding... 100

8108% 110
Exch List

Preferred
Mosler Safe Co
National Bread
Preferred
National Carbon
Preferred

l l4

9

t

11 Idi

1

is 1944
J-J 8112
Consol 5s 1945
J-J 8109
Nor Un 1st 5s 1927. M-N 105

5

1

6

JO

Construe. pflOO

1214

135
4

200

12% 14
40
45
100 l4 101
150 170

Monongahelu R Coal. . 50

:.n-

125
90
3

.laphophone... 11
Preferred
10

Amsterdam Gas—

com

1134

Co. .101'
100

1

'•.

103
120
60

American Elevated

Cent Union Gas 1st 5s...
111
Con Gas (N X") stock N \
EXC
Equil Gas con 5s L932 See Stk E x list
Mutual Gas
100 320 335

.Standard Gas
Preferred
1st 5s 1930

100
110
57
t

an com... Ion
[erred
loo

Pri

ll-'j
;;:>

19
74
103
103

100
100
190

1

78

t

'

Aim

5

106

..1

X

List

73

50

1

New

57%
1

3

40
10

Preferred
100 150 105
Lanston Monotype
20 f 10%
w vers Mort insur.100 265
Lawyers' Title Ins.. .100 375
Lonllard (P)pref
-.100 125
1.'
Madison Sq Garden. .100
14
2d 6s 1919
M-N 55

NYM1

81 »4
50

.

1

100

50
72

35

!

94%

83 34

6'J

2

Preferred
100
National Surety
loo
iunsCaniielOoai 10
lentral Coal
20
\. e Eng Consol Ice. loo
Eng Transpor.,100

14
108
00
32

1

125
20

96

i)

Nat Enam'g& stamp 100

98%

Denver & South'n
35
Northei d Securn Les.. LOO 111%
Excli
Ore Short L is w >
3'J'2
Puts Bess<fcLE
T

02

111

108

Securities
NF.W YOEK

e-,\

17
115

pre

23%
160
10

60
48
66

(full paidl

Manhattan Transit

17*4
70*4

<

125
23
150
5
120

18%

Intern't'l Siiv 6s '48.J-D

45
82

09 3

_M-.\ 8

(

New

Gas

1st consol 5s 19 is. .J.J
See stock

7

Mex Nat

Railroad
Chic Ind&L gu 4sl952J-J
93%
Chic Peo & St L prel .100
12%
8i00
Prior lien g 4 %s'30
Con mtg g 5s 1930.J&J
93
Income 5s 1930
28
coll tr 4s (w i) 2 87%
Ch R I & P
Rock Island whi
5 7 '4

53% 55

I

N

3.02"

.1

113'.

1

t

40 % paid
Interuat'lBankingColOO
International Salt
100
1st g 5s 1951

133
85

7%

6

103

125

100
100

Oil

Preferred

Y&

51

17

Exch list
Sei
Bklyn Rap Tran See Stk Exch list
OTHER CITIES
Ref g4-s 2002
J-J ii .... 87",
Coney Island* BklynlOO 360 400 Amer Light & Tract.100

1st 5s 1903
J-J
OS crtl's Hid Lit, 1903.. J-J
BrkC <fa N 5s 1939. J -.1
«r St&New 1st ."..- '06 BVA
i&r'pt i&Lorimer St 1st 6s
•Kings Co. Elevated—
1st 4s 1949 See Stock
Vassau Elec pref
100

Ask

So side El (Chic) stk.100 108
110
Syracuse Rap Tr 5s 1946 102
Toledo Rys & Light See Stk E x list
tys(S1 1. Tans) 100
28
29
Preferred
100
8 1 "2 83
Is 1934
J-J 8 85
Unit RysSan Fran SeeStk Exch list
Subscriptions
West Chicago SI
100
93
Con g 5s 1936
M-N 8 99
99%

-.

1

8115
8112

Houston

19% Interboro R T

1911. J-J 113
Con 5s 1948 See Stock Ex ell list
Metropolitan Ferry 5s
108 110
N
E R Ferry stk.100 82
1st 5s 1922
M-N ! 91
95
N Y & Hoboken stk. 100 70 72
Hob Fy 1st 5s 1946 M-N 8112 \ 114
Con 5s 1946
J-D 8 86<-; 87
N Y & N J 1 St 58 1946. J-J 102 105
10th & 23d Sts Ferry 100
65
1st mort 5s 1919...
D 8105 10S
Union Ferry slock. ..100
42
43

8

1

1

1

1

126
161

79
125

NY&Blst6s

list

19

6.:

100

M-N

5s 1910

list

i

1

50

Hoboken Land & ImplOO 105

110

Ferry Companies

95
100
Phila list
22
23
80
81
9^ 10

4%s 952
J-J ?80
North Chic sir "stock. 100 180
1st 5s 1909
J-J §....
North Jersey St stocklOO
32
48 1948
M-N
ry con 6s 1931. .J-D 8123
2d 6s 1914
A-O 8100
Rochester Ry
100
70
Preferred
100 100
('on 5s 1930
8110
2d 5s 1933
J-D 8105

W

1

Bid

Ry See Stk Exch

Detroit United

35
102
251

1

13?

Preferred (w i)._.
Hoeker-Jones-Jew'l Mill
1st 6s 1922
M
Herrin a- Ha ll-Marvin 100
1st preferred
lOo
2d preferred
loo

84
55
123

12

48

100

Havana Tobacco Co (w

107
184

42%

Preferred
100
Rholsl ElecProtecColOO
United Electric of N J100
4s 1929
J-D

Street Railways

Ask

5

10

John B Stetson com.. 100

Brooklyn Ferry stocklOO

Street Railways
Bid
new yoKK crrr
St& Ful F stk 100 33
Bleeck
lstniort4s 1950
J-J 100
B'way& 7th Ave stk. 100 248

Preferred

25

28
45
6

Havana Commercial. 100

Companies

NY& Q El L&PowColOO

Market will be found on a preceding page.

of Outside

35

100
Electric Lead Reduc'n.50
Preferred
Electric Vehicle
Preferred
Electro-Pneum'icTranlO
Empire Steel
loo
Preferred
1O0
General Chemical
100
Preferred
100

Chicago Edison Co.. .100 170 175
Edison El 111 Brk 4s N Y Stock Exch
Hartford (Ct) Elec Lt 100 200
KingsCo ElecL&PColoo 208 214
Narragan (Prov) El Co 50 ,108

Outside Securities
A

80
15
23

45%

n

i

301.

Preferred

104

Ches<fe Poto Teleph.. 100
5s 1909-29
J-J

21f8

86

&

4,<S0,309
3,148,663
225,320,626
Stocks N o. shares
150,489.290
Par value
$466,854,900 $312,606,300 $14,221,697,050 $21,980,880,525
$129,475
Bank shares, par..
$1,000
$412,400

Governin ent bonds
State bonds
RR. and mis. bonds

21i«
"

Gas.. 100
70
71
5s 1948 See Stock Exch list
O & Ind Con Nat & HI 1 00 19
22
1st 6s 1926
J-D
57
Providence Gas
50 tll4 34
St Joseph Gas 5s 1937. J-J i 9
96
StPaulGas Gen 5s'44M-S i 92
93%
Syracuse Gas 5s 1946.J-J 8100 102
Gorham Mfg Co con.
United Gas&Elec,N J 100
373.
38*4
Preferred
100
Preferred
100
89
89 \ Greene Consol Copper. 10
Guggenheim Explorati'n
Telegr
Telephone
HackensackMeadowa LOO
Bell Teleph of Buffalo 100 106
110
Hall Signal Co
100

36,000
213, ooo
15,000

107
7n

j'

Electric Boat

1

Week ending

Sales at
Sew York Stock

.

DisurgSecurit'snewAV 1)
New 5s (when issued*..
Dominion Sec.

Newark Consol

$19,943,000 $281,000

ll

1%
16

104
60

Continental Tobac deb ,s
Cramps' SI1&E11 BidCrucible Steel
100
lerred
100
'

Asu

%
12
IK

itterylOO

60
56
110

1

Mid

Debentui

Log&WabVlst6s'25.J-D
Madison Gas 6s 926. A-O 5108
Newark Gas 6s 1944. Q-J 8140^ 141%

$15,000

Industrial and IHiscel
Consol Rubber Tire.. 100

49

Indianapolis Gas stock 50
70
75
1st 6s 1920
M-N *75" 106
Jackson Gas Co
50
5sg 1937
A-O 8101% 103
Kansas City Gas
100
12
15
5s 1922
A-O 100 101
Laclede Gas
90
100
Preferred
100
110

$1,000

$1,740,000
4,513,000
3,345,500
2,471,500
4,026,500
3,846,500

4,880,309 $466,854,900

Total

Bonds

111

Lafay'eGaslst 6s'24.M-N

$29,560,200
105.306,050
75,837,050
56,880,600
95,479,100
103,791,900

316,402
1,023,233
820,743
604,956
1,016,706
1,098,269

Monday

Bonds

Par value

Shares

V S

State

<&c

&

1st 6s 190S

1

LXXV,

[Vol.

Sectirities

Indiana Nat,

STOCK EXCHANGE

Railroad

'

1902

Gas

Stock Exchanges

WEEKLY AND YEARLY

DAILY,

Friday

1

,

'-i

116

38

74%
31

1

Preferred

77%

100

Westingh Air Brake.. 60
White Knob Mining. 100
Worthing Pumpprei.100

4

:

1

175
16
125

78>4

17

130

u

>.
.

October

).

..
.

. ..
.

.

.

THE CHBONTOLF,

18, 1902,]

841

%nvtzimmt ami Railroad %uU\\i%mtz.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
be ohlained. 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,
1'he returns of the street railways are brought together separately on a subsequent page.
(•an

Latest Gross Earnings

ROADS

Week

Current

or Xontli

Year

Juno
Adirondack..
Ala Gt Southern lstnk Oct
Pacific.
Ala N () A
No East 4thwkSept
.

.

NOA

Ala* Vkksb> 4thwk -ept

15.321
46,503

67.118
36,327
42,779

Previous
Year

$
12,88
43.396
53.9

Latest Gross Earnings

July 1 to Latest Date.
Current
Year
*

202,216
701,98:

524,808
239,695
277.432

ROAD3

Week
or

Month

£

190,628
622,811

Mexican South'n IthwkSept
Millen

a

August..

So'w'n.

Mineral Range.. Augll8t

453,586
223,565
211.814
68,930
478,712
16,351
9,704,573
245,957
146,376
26,904

-

Minneap A St L. lstwk Oct.
MHt p&sstai. lstwk Oct.

Current
Year

Previous
Year

*

Previous
Year

i

:

4

NY

I

1

to

Latest JJate.

Current
Year

*

Previous
Year

236.436
25,106
18,408
2,925
7,702
3,812
55,61)0
93,19
44.291
79.657
71,61
1,053,834
166,257 132,898 2,033,873
355,506 421,750 4.725,665
742,000 714,000 10,752,720
20,000
27,000
339,485
762,000 711,000 11,092,205
3,000
56,192
4,257
595,26s 474,001 1,7)1,883
172,493 150,661 2,387,684
165,836 135,018 2,433,390
16.943
54,466
24,144
3,947
3,681
6,588
6,701,579 6,686,672 19,475,664
408,2; 5 571,513
746,060
263,715
134,342 272,564
355,368 338,688 5,316,518
681,836 692,936 1,310,251
4,439,010 3,852,037 12,234,918
56,020
47,307
122,605
546,739 456,386
546,739
10106990 9,214,590 19,878,493
Inc. 38 2,700
Inc. 9
204,280 179,791 2,820,759
526,223 704,339 1,038.264
1.151,027 1,078,227 2,203,505
2,257
4,428
1,653
1,954,779 1,832,046 3,779,784
326,491 367,798 3,210,005

189,358
5.359
107,223
982,527
3,601,565
4,522,521
10,921,410
461,971
11,383,381
40.719
1,469,766
2,049,469
1,924,389
43,584
6,777
19,422,234
1,115,041
507,464
4,518,913
1,349,551
10,736,625
108,195
456,386
17,565,693
20,300
2,666,053
1,309,398
2,049,505
3,053
3,476,934
2,910,210

598,739

8,475,502

7,948,363

2,570,169
2,424,983
4,995,15V
85,419
51,784
12,158

3,913.370
498,510
4,411,880

4,773,288
4,317,489
9,090,777
85,419

29.654
29.383
Mo Kan A Texas lstwk Oct,
Inc. 27,347
lnr
Mo Pac A Iron Mt 2d wk Oct
lstwkOct.
32.411
34,781
474,173
Ann Arbor
Central Branch 2d wk Oct.
8,592
8,198
16,285
Ana Wash & Bai. August..
2d wk Oct.
Total
AtchTop ASFe. August.. 4,858,285 4,941,071 9,454,993
Mob Jack A* KC.' Wk Oct 4
268,941
Atlanta St har.. July
268,941 245,957
Mobile & Ohio..< September
52,880
178,957
Atl Knoxv A No. September
58,850
Nash Ch & St La, lstwk Oct.
52.0H7
8,860
17,500
Atlantic & Blrin September
Nat'lRy. of Mex lstwkOct.
Atl Coast Line.. August
41201,955 ttl340o2 12,567,324 42,311,572 Nov-Cal-Oregon September
21.3s4
269,977
19,325
Atl Vald A West. June
235,045 Nevada Central. August..
21,879
Bait* Ann SL.. August
10,797
9,799
20,238 N Y C & Hud Riv September
)
Bait A Ouio
Out A West. August...
September 5,461,691 4,997,338 16,188,073 14,706,286
B A O South w. <
N Y Susq A West August...
261,580
Bangor <fe Aroosl August
141,306 134,751
243,716 Norfolk & West'n lstwk Oct.
3,0*1
3,172
5,490
Bath & Hanmion August
5,566 Northern Central August ..
BeUa Zanes & Cin All* list
33,178
18.420
15,907
30,835 North'n Pacific.. September
14,734
Belief onte Cent') September
5,422
5,029
14,169 Nor Shore tCal)... August
Bridgt & Saeo R. August
4,949
9,190
5,938
9,566 Pacific Coast Co. July
Arc Mav
24.416
Butt"Attica A
2,704
2,582
25,007 Penn— EastPAEe August
160.324 1 15,418 2,193)080 2,009,342
Bull Koch & ut- 2d wk Oct
WestP AE§... August ...
142.045
Butlalo ASusq.. August
75,104
63,879
126,521 Pere Marquette.. lstwk Oct.
399,700 399.772 4,959,604 4,559,003 Phlla & Erie
Burl C Kap & No May
August
Canadian Pacific lstwk Oct
873,000 795,000 11,278,804 10,029,030 Phila Wihn AB.. August
August
34,177
Cane Belt
20,356
6,637
13,274 Pine Blf. Ark. R ... August
Cent'l of Georgia lstwk Oct.
188,770 169,760 2,357,841 1,927,658 Pittsb C C A St L August...
Cent'l of N Jersey August
1,190,549 1,574,597 2,229,466 2,979.334 Plttsb A West'n. March
Central Pacific. July
1,939,670 1,848,806 1,939,670 1,848,806 Plant System—
34,04^
Chattan South'n. lstwk Oct.
1,776
1.373
27,251
Ala Midland.
Chesap A Ohio... lstwk Out. 283.803 348,923 3,670,136 4,650,960
Bruns & W'n. [ June
706,318
Chic A Alton Ry. August
890.286 850,618 1,696,760 1,678,276
Chas A Sav..
Chic Burl A Quiu August .. 5.171,300 4,979,6"
9,791,68
9,460,462
8av Fla &
Chic A E Illinois. 2d ukOct
146,800 121.600 1,968,581 1,744.693
SilSOcAG.
Chic Gt Western. istwk Oct. 151,900 153,718 2,017,159 2,162,577 Beading Co.—
Chiolnd AL'v... lstwk uct. 103,491
88,126 1,374,091 1.279,619
1,992.195
Phil & Read.... August
Chic Milw A St F August
3,964,072 3,964,056 7,625,465 7.546,097
242,313
Coal Air Co.... August
Chic i North W'n August
4,214,841 4,298,425 8,196,892 8,183,077
2,234,508
Tot both Co's.. August
ChicPeo AStL.. August
133,929 123,975
266.241
232,767 Rich Fr'ksb & P July
102,441
ChloRI&Pao... August
1)3910968 P2996673 »7,709,256 1)5,787,531 Rio Grande Jet.. luly
52,533
Chic St
AO. August .. 1,019,626 1,119,320 1,914,876 1,966,556 Rio Grande So... lstwk Oct.
12,697
Chic Term Tr Kt; lstwk Oct.
34.470
31,928
467,855
437,262 Rio Gr'de West.. June
454,400
Choc Okl & Gulf* ithwk Mai
89.707
75,378 4,054,742 2,877.751 Rutland
220,322
August
Pac. lstwk Oct
CinN
110,193
99,290 1,587,087 1,479,323 StJos&Grl
August
103,804
CI Cin Ch A 8t L. lstwk Oi t
3s7,903 396,022 5,447,980 5,383,939 St Louis & Gulf.. August
A28.470
Peoria <te Eaet'u lstwk Get.
50,812
726,522
51,873
703,580 StLANArk
20,409
August
Colorado A South lstwk Oct
14z,660 122,244 1,681,301 1,501,417 St LA San Fran g stwk Oct. 461,084
Col Newb & Lau. August
13,506
13,726
27,120
24, 569 St L Southwest .. 2d wk Oct.
159,419
Col Sand A Hock IthwkSept
42,610
29,030
417.583
333,971 StL Van ATH.. September 201,001
Copper Range... August ..
30,822
12.762
58,994
22,157 San Ant & A P... August...
233,865
Cornwall
August...
10,058
10,665
18,646
21,328 San Fran
128,438
P.. September
Cornwall ALeb.. August...
26,172
37,134
51,621
72,880 Sav Fla A West.. June
/706.318
Oumberl'd Vr al oj August ..
118,673 110,424
219,630
194,311 Seaboard Air L.. lstwk Oot. 282,984
Denv. A Rio Gr.
20,428
378,200 348,800 4,939,078 4,945,503 SoC& Halixt... May......
Rio Gr. West. $ lstwk Oct
So Haven & East. August
11,220
Detroit Southern September 117,140 112,401
343,80;
308 .328 Southern Ind
71,903
September
De.t A Mackinac. August ...
67,564
68,933
133,031
137,001 So Pacific Co 6... August... 6,853.384
Di ISo Sh A Atl.. lstwkOct.
53,314
50,557
825,621
791,143
Carson & Colo. July
37,581
Erie
August
,660,866 3,830,653 6,849.691 7,353,346
Central Pacific. July
1,939,670
Evansv & Indian lstwk Oct.
6,960
6,488
109,518
98,824
Direct Nav. Co. July
2,063
Evansv A X il... IstWK Oct.
482,57n
28,074
28,3a9
428,269
Gal Har & S A. July
503,027
F'rulnld&N'r'e'n August
3,301
2,858
5,836
5,919
Gal Hous & .No July
28,954
Farm v A Powhat August
6,949
6,729
14,486
11,693
GulfW. T. A P. July
13,488
FtW ADeuvCirj August
219,475 184,298
454,015
350,144
Hous. E. AW.T. July
60,863
Georgia RK
August
161,426
320,921
138,428
267,516
Hous. & Shrev. July
16,211
Ga South & Fla.. •eptember 106,375
99,226
348,3-13
314,627
Hous ATex C'en July
339,054
GUa Val G & N.. August ...
25,516
25,103
49,1,05
52,142
Iberia & Verm. July.......
4,937
Gr Trunk System lstwk Oct 637,210 597,23!l 8,831,310 8,237,322
Louls'a West... July
175,899
Gr Tr. West'n. 4thwks>ept 121,799 129,673 1,136,094 1,060,212
Morgan's L A T July
384,159
Bet iti- HAM.. 4thwkSept
40,728
26,897
319,456
291,143
N. Mex.& Ariz.. July
20,301
Great North'n—
N Y T AMex .. July
32,964
St P Minn AM >
Oregon A Calif. July
333,966
September 3,954,250 3,424,899 10,748,671 8,900,984
East, of i»l inn $
Sonora Ry
July
44,2y3
Montana Cent'l September 158,472 172,063
492,834
502,171
So Pac. Coast. July
102,957
Total system. September 4,112,7/2 3,596,962 11,250,842 9,393.818
SoPao RRCo.. July
2,265,002
Gulf&ShipIsland June
114,577
97,169 1,374,684 1,030,8 19
So Pac SS Lines July
274,699
Hocking Valley.. lstwk Oct. i27,679 129,764 1,695,247 1,471,152
Tex A; Norl
July
266,208
Hous A Tex Cent July.
339,054 387,099
339,05 1
387,099 Southern Rallw'j lstwk Oct. 837,394
Illinois Central.. September 3,602,429 3,425,279 10,351,668 9,984,209 Terre
& Ind . September 164,527
Illinois Southern September
13,013
11,923
39,185
35,299 Terre H & Peor.. September
50,604
Int & Gt North'n lstwk Oct.
120,194 116,456 1,369,140 1,238,310 Texas Central ... lstwk Oct.
16,994
Interoc(Mex)
Wk Sep 27 107,400 70,960 1,154,930 932,150 Texas & Pacific.. lstwk Oct. 213,540
Iowa Central
lstwk uct.
48,338
49,836
664,696
639,374 Tex S V & N
September
12,900
Iron Railway
~.
September
6,327
6,130
18,688
18,861 Tifton Thorn. AG. May
13,477
Kauawha & Mich Istwk Oct.
269,525 Tol A Ohio Cent 2d wk Oct,
19,821
14,379
198,352
59,101
Kan City South' August
510.048 444,968
992,310
825,836 TolP A West .... lstwk Oot.
22,178
Lehigh Val RR. August... 1,617,128 2,445,737 3,000,079 4,556,592 TolStL&W
lstwkOct.
54.S88
Leh val Coal Co. August...
128,593 1,779,025
246,891 3,204,334 Tor Ham & Butt 4thwk3ept
11,314
Lexing A East'n. August
48,784
35,729
67,226 Union Pac RR >
97,091
Long Island .. August....
Inc. 22 ,419
Inc. 27 338
Oreg RR A N > August
4,329,598
Lou.Hend.ASt,L. July
68,815
57,395
57,395
68,815
Oreg Sh Line.
Louisv A Nashv. lstwk Oct. 677,105 596,290 8,994.796 7,789.738 Wabash
2d wk Oct, 425,819
Macon & Biim... September
15,538
8,710
25,131
36,998
Jersey A Sea'e August ..
694,350
Man'teeAGr.Kds July
8,518
10,550
10,550 Wheel A
8,518
d wk Oct.
73,857
Manis & No East August
30,879
31,965
58,091 Wichita Valley. August
56,406
5,331
Manistique..
September
7,950
2,491
22,633 Wm'sportAN.Br. August
33,116
19,676
Maryland & Penn March
20,622
19,536
179,255 White Pas s&Y'n 3d wk 8ept 126,290
195,232
{Mexican Central lRtwk Oct. 1388.733 296.190 1 5,292,090 4,298.9-3 Wisconsin Cent.. 2d wkOct. 132,500
Mexican intern'J. August
533,803 498,549 1,061,573
949.773 Wrightsv A T'n.. August. ..
12,271
{Mexican Ry
Wk Sep 27 103,700 74,200 1,234,800 987,800 Yazoo & Miss. V. September 588,747

Vicksb Sh .V P. 4thwk8e
Allegheny Valley August.

July

)

.

W

.

PM

OAT

.

&N

H

.

W

.

.

449,400
202,511
132,915
11,445
19,874
400,319
165,293
175,504
225,205
112,863
/ 593,739
244,214
18,173
8,682
57,459
7,206.523
19,373
1,848,806
2.s28
559,954
29,952
13,776
64,880
13,391
387,099
3.938
137,749
587,189
27,090
25,584
280,013
44,538
99,015
2,250,054

246,149
776,917
142,862
46,00'

18.413
223,242
11,800
9,790
58,283
22,923
50,323
15,162

102,44.1

52,533
169,020
5,341,154
429,482
186,113

51,784
156,846
4,908.081
390,069
268,250
/i.59,681
22,567
37,850
41,677
6,381,053 5,505,560
2,023,452 2,003,878
575,377
535,059
411,927
397,138
376,751
328,858
/"8.475.502 /7,948,368
3,191,145 2,954,253
256.882
261,959
18,682
14,676
203,840
161,893
13,779,678 13,928,200
37,581
19,373
1,939,670 1,848,806
2,063
2,828
503,02
559,951
28,954
29,952
13,488
13,776
60,863
64.8S0
16,21.1
13,391
339,054
387,099
4,93'
3,938
175,899
137,749
384,159
587,189
20,301
27,090
32,964
25,584
333,961:
280,013
44,293
44.538
102,957
99,015
2,265,002 2,250,054
274,699
266,208
246,149
11,224,907 9,859,835
453,999
417,848
141,829
147,276
146,053
154,400
2,640,352 2,733,445
35,000
31,400
133,383
95,228
903,516.
851,020
315,382
322,976
706,783
802,^78
126,918
107,399

.

.

W

LE

.

.

4,123,595

8,525,740

8,072,287

401,315
651,150
69.133
7.413
15,698

6,322.252
1,212,231
1,182,740
10,775
35,623

5,697,482
1,129,231
1,046,304
12.941
29,719

121.361
9,277
464,710

1,987,781
22,998
1,535,024

1,800,179
17,475
1,304,078

.

.

* Figures from Dec. 1 are for the railroad only.
§ Covers results on lines directly operated.
JMexican currency, alncludes Paducah A Memphis Division from July 1 in both years, t Results on Monterey * Mexican Gulf are
included from March 1, 190/, hut for no part of 190i.
e (.'overs lines directly operated, 'includinsr the Buffalo AAlle'y Val. Div.for both years.
^Includes the Houston A Texas Central and its subsidiary lines. Earnings oi the Cromwell Steamship Liine, not previously reported, are
now also included.
c Results on Montgomery Division are included in both years.
nflnoludes St. Paul A Duluth tor both years.
/These figures are the results on the Ala. Midi., Brunswick A West., Charles. A Sav., Sav. Fla. A West'n and Silver Springs Ooala A Gulf,
(/These nmires Include, besides the St. L. & 3. P. proper, the Kan. City Ft. Soott A M^m.system and Ft. Worth A R. Or.
K From May, 1902.
includes sundry acquired roads. ^Including earns, of the Hancock & Calu. both years, t Including earns, of the Sav.Flor. & West.in both
fears, v Includes $31,292 other income in Aug., 1902, against $126,777 in Aug., 1901, and $201,242 and $321,174 respectively from July 1.

. ..
.
.
.

1

THE CHRONICLE.

842

Ath vieek of September.

Totals for Fiscal Year.

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 Gross Earnings

Bo ADS.

Period.

Current

Bellefonte Central
Central of New Jersey

..

Chattanooga Southern
Chicago & North-Western....

Chicago Booh Island A Pao..
Chic. St. P. Minn. & Omaha..

Jan lto Sept. 30
Jan. lto Aug. 3)
7
Jan. lto Oct.
June 1 to Aug. 31
Apr. 1 to Aug. 3i
Jan. lto Aug. 31
Jan. lto Aug. 31
7
Jan. lto Oct.
Jan. 1 to Aug. 31
Jan. lto Sept 30
Jan. lto Oct
7
Jan. lto Aug. 31
Jan. lto Sept 21
Apr. lto Sept 30
Jan. lto Oct. 14
Jan. lto Oct 14
Jan. lto Oct 14
7
Jan. lto Oct.
Jan. lto Aug. 31
Apr. lto Aug. 31
Jan. 1 to Aug. 31
Jan. lto Aug. 31
7
Jan. lto Oct
Jan. lto Aug. 31

Previous

Year.

Jan. lto Aug. 31
Allegheny Valley
Atlanta <te Charlotte Air Line. Apr. lto July 31

[Vol.

Year.

Inc.

945,079
43,189

212,366
891.249
36,667

9,662,303 11,072,951
84,582
67,543
12,197,260 12,096,179

1902.

1901.

9

9

Increase.

$

Previously rep'd <49r'ds) 13,820,310 12,081,484
Alabama Gt. Southern..
72.589
90,633
Ala. N. O. A Tex. Pao.—
New Orl. & No. East ..
67,118
53,978
36,327
29,654
Vioks. 8h. &Pao
29,383
42,779
Oin. N. O. & Texas Pac.
185,547
164,285
Col. Sandusky A Hooking
42,610
29,030
Dulath So. Shore & At..
81,920
76,575
107,400
70,960
Mexican Bailway
103,700
74,200
Mexican Southern
25,106
18,408
Toronto Ham. & Buffalo.
11,314
15,162

1,869,516
18,044

Total <60 roads)
14,609,419 12,721.053
Net increase (14-84 p.c).

2,028,249
1,888,366

LXXV.
Decrease.

9
130,690

13,140
6.673
13,396
21,2«2
13,580
5,845

36,440
29,500
6,698
3,848

189,883

Met Earning* JKontMy to Latest Dates.— The following
ahowsthe gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
includes every road from which we can get returns of this
character, and in that form is given once a month. Early returns are published fromweek to week, as soon as issued, but
for the convenience of our readers all the roads making returns are brought together here in the week in which we publish our monthly article on net earnings— say about the 20th
of the month.
The returns of the street railways we give by themselves

6,79T,055
777,504
689,719
3,645,411 3,601.718
International A Gt. North'n.
228,643
235,869
Manistee & North Eastern...
84 371
81,468
Manistique
15,537,759 13,165,470
Mexican Centralt
4,172,287 3,879,911
Mexican International
8,707,300 3,183,100
Mexican Bailway
...
487,076
417,237
Mexican Southern
27,494,761 27,051,165 under a separate head at the extreme end ofthesetabulations
Missouri Paotflo
805,695 1,060,107
Central Branch
28.300,456 28,111,272 —see page 845.
Total
Gross Earnings.
-Net Earnings.
6,720,323 5,850,866
National BB. of Mexloo
Current
l'r< vious
Previous
Current
5,402,845 5,300,345
Northern Central
Tear.
Year.
Tear
Year.
282,384
251,103
North Shore
Roads.
73,298,369 66,017,169
Pennsylvania, East of P. A E.. *
Inc.
4,260,600 Alabama Gt.So'th.a Aug.
227,421
West of P.
200,720
61,053
59,604
July 1 to Aug. 31....
7,472,961 6,929,721
Pere Marquette
429,861
382,595
111,101
106,225
Philadelphia & Erie
4,056,683 4.2-4,114 Allegheny Valley... Aug.
Inc. 27,347
Deo. 8,909
Phila. Wllm'g'n & Baltimore. Nov. lto Aug. 31
9,999,278 9,727.778
Jan. I to Aug. 31
Inc. 212,363
Dec. 75,3 71
Pitts. Clncln. Chic. & 8t. L... Jan. 1 to Aug. 31 14,619,158 13,227.991
159,352
Aug.
156,977
65,995
57,676
361,020
Bio Grande Junction
351,975 Ann Arhor.to
... Deo. 1 to July 31
July 1 to Aug. 8i....
296,889
300,804
110,254
107,127
1,985,355 1,844,269
St. L. Vandalia & Terre H.... Nov. 1 to Sept 30
47,377
39.198 Ann'p.W'sh.&Bal.aAug.
8.198
South Haven A Eastern
8.592
3,439
Jan. lto Aug. 3
3,519
July 1 to Aug. 3
..
16,285
Terre Haute & Indianapolis.. Nov. 1 to Sept 30 1,574 313 1,433,908
16,351
6,355
7,116
491.771
506250 Atch.T.&8. Fe.h.Aug. 4,858,285 4,941.071 tl.790.130 t2,089,278
Terre Hante A Peoria
Nov. 1 to Sept 30
Texas & Paotflo
7 7.858,72f 8,280 917
Jan. 1 to Oct.
July lto Aug. 31.... 9,454,993 9,704,573 18,456,435 t4,062,527
West Jersey A Seashore
Jan. 1 to Aug. 31 2,789.883 2,621,883
Atl'ta&Char.A.L.July
268,941
245.957
90,959
68,194
39,617
45,970
Wichita Valley
Jan. 1 to Aug. 31
Atl. Knox. * xo. a. Aug.
62,488
48.905
22,418
11,582
July lto Aug. 31. ..
120.107
93,496
40,453
28.91 5
* These figures include the Buffalo & Allegheny Valley Division In
16,023
8,970
5,234
3,584
both years. tThe operations of the Monterey A Mexican Gulf are Atlantic & Birni'Kh.Aug.
July 1 to Aug. 31....
34,597
18,044
13,569
5,481
included from March 1. 1902.
Atlantic Coast t.a.Aug. nl201.955 ull34,002 U214.709 u259,485
July 1 to Aug. 31....U2567.324 u2311,572 U689.598 u550,123
Latest Gross Earnings by Weeks.—In the table whioh
follows we sum up separately the earnings for the latest Baltimore & Annapolis
Short Line. a
Aug.
10,797
9,799
3,031
3,396
The table covers the first week of October and
week.
July lto Aug. 31 ...
21,879
20,238
6,613
7,743
ghow3 6-07 per cent increase in the aggregate over the same Bait. & Ohio. b
Sept 5,461,691 4,997,838 2,161.886 2,038,765
week last year.
July lto Sept. 3o.... 16,188,073 14,706,286 6,314,063 5,867,748

Cumberland Valley....

&E

7,320",076

,

—

—

.

1

BanKor&Aroosi'RbAug.

141,306
184,751
261,580
243,716
Bath A Hamm'os.bAug.
9
9
3,034
3,172
S
9
July 1 to Aug. 31....
43,39<
Alabama Gt. Southern..
8,107
5,490
46,503
5.566
34,781
2,370 Bellalre Z. A Cin.. .Aug.
32,411
18,420
15,907
145,418
1,592
Buffalo Booh. & Pittsb'g.
147,010
July 1 to Aug. 31
33,178
30,835
795.000
78,000
Canadian Paolflo... ....
873,000
BellefonteCentralbSept
5,422
5,029
169.760
19,010
188,770
Jan. lto Sept oO ...
43,189
36,667
1,776
1,373
403
Chattanooga Southern...
348,!>23
65,120 Bridert. A Saoo H.bAug.
4,949
283,803
5,938
121,643
July 1 to Aug. 31....
134,03*
12,389
Chicago A East Illinois
9,190
9,566
153.718
Chloago Great Western.
151,900
1,818 Bufl. B.&Plttbs.b.Aug.
642,063
596,750
88.126
15,365
103,491
Ohio. Indlan'lis A Louis v
July lto Aug. itl.... 1,254,150 1,154,188
31,928
2,542
31,470
Ohio. Term. Transfer
Buffalo A S'squt-h.aAug.
75,104
68,879
110.19a
99,290
10,903
.......
Cin. N. O. <fe Texas Pao..
July lto Aug. 31....
142,045
126,521
396,022
8,119
387,903
Clev. Cin. Chic. A St. L..
51,873
50,812
1,061 Canadian Pacific. a Aug. 8,654,184 3,118,551
122.244
20.416
July 1 to Aug. 31.... 6,800,804 6,970,006
142,660
Colorado & Southern...
50,557
58.344
Duluth So. Shore A Ml..
2,787
Cane Belt
Aug.
20,356
6,637
348.800
29,400
378.20C
Denver A Bio Grande*
July lto Aug. 31....
13,274
84,177
472
6.960
6,488
Evansv. & Indianapolis.
Cent, of Georgia. a. Aug.
682,150
598,039
28,074
316
28,889
EvanBV. A Terre Haute.
July 1 to Aug. 31.... 1,360,021 1,168,055
Cent, of N. Jersey .a.Aug. 1,190,549 1.574,597
597,239
Grand Trunk West >
637,210
39,971
July 1 to Aug. 31.... 2,229,466 2,979,334
Det. Gr. Hav. A Mllw. >
129.764
127,679
2.085
Jan. 1 to Aug. 31... 9,662,303 11,072,951
120.194
116,456
Intern'i & Gt. Northern.
3,788
Central Paolflo.b...July 1,939,670 1,848,806
48,338
49,836
1,498
11,251
9,156
14.879
19,821
Kanawna & Michigan...
5,442 Ohattan'ga South. a Aug.
July lto Aug. 3 1....
22,473
18.380
596.290
Louisville A Nashville ..
677,105
80,815
Mexican Central
888,733
296,190
Otiesap. A Ohio a. .Aug. 1,167,084 1,499,278
92,543
79,657
71,617
Minneapolis & St. Louis.
8,040
July 1 to Aug. 81.... 2,208,736 2,845,984
Minn. St. P. A S. Ste. M.
166,257
132,89s
33,359
ChlOHKO A Alton. a. Aug.
890,286
850,618
421,750
355,606
66.244
July lto Aug. 31.... 1,696,760 1,678,276
672,000
706,000
Mo. Poolfio A Iron Mt...
• > ••
34.000
25,000
17,000
8,000 Ohio. Burl. AQuin.bAug. 5,171,300 4,979,672
July 1 to Aug. 31.... 9,791,687 9,460,462
4,257
Mob. Jaokson & X. City..
3.0U0
1,257
160,661
Nashv. Chat. A 8t Loois.
172.493
21,832
Ottlo. A East. 111. b. Aug.
525,317
556,090
National BB of Mexloo.
135,018
166,836
30,818
July lto Aug. 31.... 1,107,378
995,379
338,68s
855,368
16,680
Ohio. Gt. West'n. b Aug.
658,789
738,941
204,280
179,791
24,489
July lto Aug. 31.... 1,202,582 1,844,239
Bio Grande Houtnern
12,697
12,158
539
Ohio. Ind.&LoulH.a Aug.
424,618
448,107
400,319
461,084
St Louis A San Fran....
60,765
July lto Aug. 31....
812.311
849,617
160,472
158,636
,_
8t Louis Southwestern..
1,836
244,214
282,984
38,770
Chlo. M. A St. P.a..Aug. 3,964,072 3.964.056
776,917
837,394
60,477
July lto Aug. 31.... 7,625,465 7,546,097
16,994
Texas Central............
18,413
1,419 Ohio. K.I.<fePac.a..Aug. v3,910,968 v2,996,673
213,540
223,242
9,702
July lto Aug. 3l....v7,709.256v5.787,531
Toledo A Ohio Central..
58,574
48,601
9,978
132,947
140,200
22,178
22,923
745 Ohio. Ter.Transt.b. July
Toledo Peoria A West'n
54,H8b
50,323
Toledo Mt. L. A West
4.566
466,287
503,477
Oin. N. O. A T. P.a.Aug.
430,291
396.165
34,126
919,238
July 1 to Aug. 31....
976,557
75,357
68,569
Wheeling A Lake Erie.
6.788
Ol.Oln.Chlc.&St.L.aAug. 1,745,191 1,729,193
134,000
111,929
28,071
July 1 to Aug. 31.... 3,314,228 3,325,388
Feorla&Eas'D.a.-Aug.
228,749
230,701
Total (51 roads)
10,120,536 9.541,678
788,317
209,459
433,304
436,484
July lto Aug. 31....
Net lnorease (607 p. c.)..
578.858
Color'do&8outh.b.Aug.
471,114
527,941
* Including Bio Grande Western.
935,686
July 1 to Aug. 31.... 1,012,141
Uolnm.Newb.A L.b.Aug.
13,726
13,506
For the fourth week of September our final statement covers
24,669
27,120
July 1 to Aug. 31
60 roads, and shows 14*84 per cent lnorease in the aggregate Col. Sand. A Hock. b Aug.
120,227
142,542
226,429
275,637
over the same week last year.
July 1 to Aug. 31.
1st

week of October.

1902.

1901.

Increase.

Decrease.

.

. .

.

.

July 1 to Aug. 31

47.624
90,621
1,514
2,097
5,958
9,252
2,005
16,200
2,205
3,565
296,464
578.853
130,603
t53.262
1,362,901
2,538,612
9.234
13,869
163,371
363,995
337,359
523,584
2,975,699
838,748
2,624
3,446
364,799
666,139
334,755
642,716
2,235,433
4,035.282
241,011
488,560
203,567
303,111
192,933
351,440
1,512.662
2,893,697
1,803,109
3,396,736
61,267
127,263
250,939
394,772
762,448
61,091
108,844
181,876
247,306
8,782
7,122
1142,335
1187,163

42,135
79,206
1.130
1,478
2,778
3,522
2,591
11,773
2,708
3,889
277,433
539,323
123,867
144,046
1,305,632
2,401,499
2,318
4,636
156,487
298,210
714.431
1,366,269
4,762,180
824,784
def.5,409
def.7,340

629,228
1,146,586

311,839
629,898
2,141,720
3,860,772
236,178
447,846
258,114
420,490
175,808
332,805
1,454,615
2,811,903
1.338,751
2,422,473
65,865
121,278
240,759
519,324
996,807
52,467
100,641
124.937

239,046
4,608
9,713
f 33.698
U62.563

—

,

OCTOBSB

THE CHRONICLE.

18, 1902.]

•

—

Gross Earnings.
Previous

i'l-rrent

Year.

Roads.

•f

Copper Range

Net Earnings.
Current
Previous
Year.
Year.
Year
*
$
$
12,762
16.356
4,356
22,157
30,929
5,508
10,665
1,813
5,714
21,328
3,336
11,245
37,134
12,423
20,774
72,880
24,334
35,605
110,424
31,328
50,709
689,719
263,378
235 257
1,534,629
656,697
621,919
2,998,003 1,356,605 1,204,234
13.7H5
68.933
22,633
137,001
42,817
29,625
243.519
114,407
97,476
499,147
229,948
207,785
3,830,653 1,226,749 1,405,808
7,353,346 2,117,326 2,557,976
3,301
1,912
2,493
5,949
3,419
3,256
1,062
6,729
1,639
1.285
11,693
871
184,298
57,932
58,218
121,796
350,444
95,271
47,635
139,428
22,912
367,516
q90,993
q46,256
111,240
35,411
35,437
215,401
68,047
65,549
8,''70
15,861
25,103
29,738
52,142
24.427
2.206,471
783,507
764,041
4.160,857 1,488,176 1,404,472
339,195
19,466
35,525
57.425
47,205
646,758
34,065
24.819
98,790
202,446
61,804
63,264
97,169
36.588
23.548
436.825
235,289
1,030,849
225,672
458,008
182,338
433,436
352,124
887,944
81,129
98,332
387,099
719,346 1.003,162
3,383,178
6,558,930 1,452,968 1,972,179
206,011
32,833
28.871
64.903
59,421
383,188
591
6,014
2,385
26,991
88,391 def.6,628
39 755
166,655 def. 11, 743
444,968
1135,661
132,630
219,001
825,836
1249,866
526,26b
2,445,737 df 212,772
832,532
4,556,592 df.624,156

1

Aug.

to Aug. 31...

.

.

i

i

.

—

Pennsylvania—

Hues directly operated
jEastof Pitts AE.Aug. 10,106,990 9,214.590 3,842.462 3,783,462
J

Jan. 1 to Aug. 31.. ..73,298,369 66,017,169 25,120,056 22;587,856

Westof Pitts <*E Aug.
Jan. 1 to Aug. 3i....

Inc.
382,700
Ino. 4,260,600

— Gross Earnings. —
Current
Previous

,

,

30,128
58,994
Corn wall. a.
Aug.
10.058
July 1 to Aug. 31 ..,
18,646
Cornwall & Leban ... Aug.
26,172
July 1 to Aug. 3i...
51,621
Cumberland Val.b Aug.
118,673
777,504
Jan. 1 to Aug. 31...
Denv.ARloG'o>.b..Aug. 11.570,494
July l to Aug. 31... 13,087,278
Detroit A Maok'o.aAug.
67,564
July 1 to Aug. 31
133.031
Dul. 8o. Sh.A ATI. b.Aug.
263,443
July 1 to Aug. 31....
530.660
Erie.a
...
Aug. 3,660.866
July 1 to Aug. 31 ... 6,849,694
FairohUd A N. E*at Aug.
2.858
July 1 to Aug. 31
5,836
Irarmv.APowh't'n a Aug.
6,949
14,486
July 1 to Aug. 31 ...
Ft.W. A Den. Clt y .bAug.
219,475
July 1 to Aug. 31
454,015
Georgia a
164,426
Aug.
July 1 to Aug. 31
320.921
Ga. South. & Fl».aAug.
126,583
July i to Aug. 31
241,968
GilaVal.GlobeA N...Aug.
25,516
July 1 to Aug. 31....
49,905
Gr. Trunk of Can... Aug. 2,238,590
July 1 to Aug. 3i.... 4,368,170
Gr. Trunk West. Aug.
374,721
July 1 to Aug. 3i....
738,249
Det.Gr. H. & Mi I.Aug.
102.197
July 1 to Aug. 31
197,580
Gull A Ship Isl...a June
114,577
July 1 to June 30
1,374,684
Hooking Valley. a. .Aug.
552,074
July 1 to Aug. 31
1,077,242
Houet. A Tex.Cen.bJuly
339,054
Illinois Central. ..a. Aug. 3,400,469
July 1 to Aug. 3i
6,749,239
Iowa central a .. Aug.
201,518
July 1 to Aug. 31 ...
409,996
Iron Railway, b
July
5,319
Kanawha & Mich. a Aug.
62,472
July 1 to Aug. 31 ...
121.899
Kan. City South a Aug.
1510.048
July 1 to Aug. 3i
1992.310
Lehlsrh Val. BK.a. Aug. 1,617,128
July 1 to Aug. 31
3,000,079
Leh. V. Coal '".a Aug.
128.593 1,779,025 df.14^,599 def.95,832
July 1 to Aug. 31....
246.891 3,204,334 df 316,160 df.207,123
430,434
Total both oo'a.a.Aug.
df.35^,372
df.940,317
625,459
July 1 to Aug. 31 ..
14. 4U
Lexine'n <fe Ea«i.r>..Aug.
20,845
48,784
35,729
41,411
July 1 to Aug. 31....
97,091
67,226
26,568
Deo. 11,240
Inc. 22,419
Long Island
Aug.
Ino. 27,338
Deo. 81,737
July 1 to Aug. 3i
24.755
Lou. Hen. A 8t. l,..July
68,815
57,395
18,831
828.415
i^oniav. <s Nashv.ic.Aug. 2,771,898 2,435,640
743,181
July 1 to Aug. 3i.._. 5,481.136 4,747,030 1,630,974 1,290,170
Maoon A Bin.' in bAug.
7,884 def.2,2*6 def 2.1 53
11,580
fief 3,971
16,471
def.3,810
July 1 to Aug. 31 .,
21,460
Manistee A Gr. Rap. July
10,550
1,674
1,271
8,518
Jan. 1 to July 31...
65,572
79,456
6,393
6,251
Haniatee <fc No. E a. Aug.
17,064
30,^79
31,965
18,273
Jan. 1 to Aug. 31
235,b69
112,981
110,265
228,643
Maniatlque. b
3,362
1,635
Aug.
9,830
8,135
Jan. 1 to Aug. 3i...
40,150
35,894
76,421
78,975
230,496
491,065
c llexl i&n Con ,e Aug. 1,699,137 1,301,222
Jan. lto Aug. 81 ...13,491,608 11,544,014 4,022,737 3,105,018
cMex. Internet'. ..Aug.
533,803
197,869
189,^09
498,549
Jan. 1 to Aug. 31
4,172.287 3,879,911 1,592,710 1,715,657
Mlllen A South west. Aug.
694
3,812
2,925
1,277
July I to Aug. 3i ...
7,702
5,359
1,727 def 1,528
HlneralRauge b... Aug.
16,790
44,291
55,600
9.031
107,223
26,200
July 1 to Aug. 31 ...
93,197
16,497
Minn. A St. Louis. a. Aug.
307,717
135,256
139,661
307,023
624,536
259,724
July 1 to Aug. 3i
605,118
267,463
240,388
579,969
482,589
263,979
M. St. P. A 8. 8. M. b.Aug.
444,250
July 1 to Aug. 3i
1,172,248
928,508
539,786
363.416
Mo. Kan. A Texas. a. Aug. 1,435,141 1,382,626
474,220
630.885
July 1 to Aug. 31
2,706,700 2,637,670
748,796
Missouri Pacific. b.. July g*078.782 g3.213,014gl ,071,331 gl,334,f>27
Jan. lto July 31....g20287033gl9940905g6,065,287g7,091,757
Nash. Ch.<*8t..L.b.. Aug. n735,608 n650,181 n245,822 n202,590
July I to Aug. 3l....nl,475,427nl,273,155 n493,361 n379,752
eNat'lRR. of Mex.Aug.
315.4159
154,420
790,030
589,775
Jan. lto Aug. bl.... 5,876,780 5,148,640 1,976,160 1,660,327
Nev.-Cal.-Oregon.a.Aug.
5,772
15,233
13,875
6,533
11,994
July 1 to Aug. 31
30,322
26,641
13,034
Nevada Central
990 def. 2,9 27
Aug.
3,947
3,681
1,611
def.3,641
July 1 to Aug. 3i ..
6,588
6,777
217,467
408,215
671,513
88.860
N. Y. unt. & Wei-uaAug.
400,154
746,060 1,115,041
July 1 to Aug. 3i
126,826
116,210
134,342
272,564
38,240
N. Y. Bus. A Wesi.a.Aug.
242,392
263,715
July 1 to Aug. 3i .
507,464
76,935
622,309
Norfolk & V* eat' n. *. Aug. 1,713,4^3 1,437,511
713,771
July 1 to Aug. 31 ... 3,276. *40 2,775,118 1,347,038 1,167.594
216,576
N9rthern Central. bAug.
681,836
692,936
205,176
Jan. l to Aug. 31 ... 5,402,845 5,300.345 1,499,492 1,440,692
5H,020
14,447
47,307
North Shore (Cal. ) bAug.
25,304
282,384
251,103
81,381
133,362
Apr. 1 to Aug. 31
Pacific Uoaat Company -See Miscellaneous Companies.
July

848

Deo.

87,500

Ino. 1,046,800

.

Year.

Year.

,

—

Net Earnings. r-,
Current
Previous
Year.

Year.

Roads.
*
*
9
$
904,235
286,997
268,993
907,458
Pere Marquette.a..Aug,
Jan. 1 to Aug. 31... 6,367,768 5,944,218 1,578,604 1,415,770
Philadelphia Company- See atatement on page 662.
166,962
526,223
704,339
360,239
Aug.
hila.AErle.b
Jan. lto Aug. 31.... 4,056,683 4,294,114 1,368,274 1,680,527
449,126
420,82$
Phil.Wilm.A Balt.bAug. 1,151,027 1,078,227
Nov. 1 to Aug. 3>.-.. 9,999,278 9,727,778 3,174,019 3,010,819'
966
1,653
def.918
2,257
Pine Blufl Ark. R. . Aug.
1,652
def.l, 104
4,428
3.053
July 1 to Aug. 31 ..
555,976
644,946
1,954,779 1,832,046
St. L.a Aug.
Pitts.
Jan. lto Aug. 31.....14,619,158 13,227,991 3,888,284 3,704,196
.

,

.

CCA

Company—
A Read'*. b.Aug.

Reading

1,992,195
July 1 to Aug. 31 .. 8,913,370
242,313
Coal A Iron Co. b.Aug.
498.510
July lto Aug. 31 ...
Total both Co. 'a. bAug. 2,234,508
4,411,880
July 1 to Aug. 31
Aug.
Reading Co . b
July i to Aug. 3i....
Total all Com p' s. bAug.
July 1 to Aug. 3i....
102,441
Rich. Fred. A Pot.. July
52,533
t«o Grande Junot.. July
361,020
Deo. lto July 31 .
49,987
Rio Grande Sou th b Aug.
107,896
July 1 to Aug. 31...,
Phila.

.

—

.

.

535,837
2,570,169
4.773,288 1,039,645
2,424,983 df.282,144
4,317,489 df.540,911
4,995,152
253,693
498,734
9,090,777
116,500
235,402
370,193
734,136
85,419
28,739
fl5,760
51,784
351,975
fl08,306
49,609
26,476
97,225
59,708

1,019,276
1,777,288
237,544
213,502
1,256,820
1,990,784
78,877
161,211
1,335.698
2,151,996
31,348
fl5,535
fl05,592
24,043
47,152

Rutland190.663
132.915
268,250
St.Louis&N Ark bAug.
19.874
July 1 to Aug. 31....
41,677
.A She F.b..Aug.
1,764,511
It St.
July 1 to Aug. 31.... 3856,604 8,446,103
it.LouisS'west.b. Aug.
529,508
561,062
July 1 to Aug. Si... . 1,066,370 1,068,917
233,865
3an Ant.AAran.P.aAug.
225,205
Jaly 1 to Aug. 31...,
411,927
397,138
124,586
106,713
3an Fr A N. Pao. a. Aug.
248,313
215,995
July 1 to Aug. 31 ..
Seaboard Air Line a Aug.
920,662
923,699
1,882,792 1,795,489
July 1 to Aug. 31
ISouthein Pao.< o aAug. 6.853,384 7,206,523
July l to Aug. 3. ... 13,779,678 13,928,200
Carson A Colo., b. July
19,373
37,581
Central Paciflo.b.July 1,939,670 1,848,806
Direct Nav. Co.b July
2,063
2,828
Gal.Har.ASanA.bJuly
503,027
559,954
Gal. Hous.A No.b. July
28,954
29,952
13,488
Gulf W. T.A Pac.bJuly
13,776
Houst.E.AW.T.b July
60,563
64,880
Houst. A Shreve b July
16,211
13,391
Hous. A Tex. C.b.July
339,054
387,099
Iberia A Vermil. b. J oly
4,987
3,938
Louisiana West. b. July
175,899
137,749
tf'g'n'sLa. ATex. b July
384,159
587,189
N. Mex. A Ariz. b. July
20,301
27,090
». Y.Tex. AM.b July
32,964
25,584
Oregon A Calif. b. July
333,966
280.013
Sonora Rail w'y b. July
44,293
44,538
So. Pao. Coast., b. July
102,957
99,015
So. Pao. RR. Co. b. July 1*2265,002 p2250,054
So.Pao.SS.Llnes.bJuly
274,699
Texas <to N. Orl.b. July
266,208
246,149
rjonthern Railw'v.a Aug. 3,498,256 3,073,845
July 1 to Aug. 31 ... 6,789,672 6,990,590
Texas Central. a
Aug.
37,869
46,339
July l to Aug. 3i ..
63.436
85,752
Tipt.Thomasv <v G.May
13,477
9,790
July 1 to May 31
133.383
95.228
Toledo & O. Ceni.a Aug.
262,962
265,630
July 1 to Aug. 81....
516.343
536,641
Tol.PeorlaA West bSept
105,632
96.466
July 1 to Sept 3u
293,204
300,053
Toledo St. Louts A West.
Jan. 1 to June 30
1,241,779 1,321,400
Jolon Pac.Syst'ma.Ang. 4,329,598 4.123,595
July 1 to Aug. 3i
8,526,740 8,072,287
Wabash . b.
Aug. 1,903,705 1,686,379
July 1 to Aug. 31 ... 3,625,236 3,238,719
w Jersey* Seash.tAug.
694,350
651.150
Jan. 1 to Aug. 31 ... 2,789,883 2,621,883
Wheel. A L. Erie. b.Aug.
363,017
314,496
July 1 to Aug. 31....
696,939
598.710
Wichita Valley, a. . Aug.
5,331
7,413
Jan. 1 to Aug. 31
39,617
45,970
W'msp'rt A No.Br.aAug.
19,676
15,698
July 1 to Aug. 81....
35,623
29,719
Wisconsin Central bAug.
594,016
549,370
July lto Aug. 31.... 1,141,936 1,077,629
Wrights v. A TenD.bAug.
12.271
9.277
July 1 to Aug. 31
22,998
17,475
Vazoo AMiss.Va'.a Aug.
429,063
505,217
July 1 to Aug. 31....
946,277
839,368
St.

563,426
103,804
186,143
20,409
37,850
2,037,935

July 1 to Sept. 30...
A Gd. Isl .a. Aug.
July 1 to Aug. 3i...

Jos.

i

.

.

. .

273,438
45,668
28,722
45.898
40,301
98,389
10,942
10,896
17,776
21,507
811,781
717,602
1,448,948 1,450,852

wl01.i94

W64.212

221,916
150,178
81,244
84,536
106.575
102,821
48,641
42,19c
99,364
90,586
284,139
321,967
476,530
563,718
2,186.913 2,739,039
4,481,550 5,235,383
21,440
10,822
838,748
824,784
def.3,579

57,940
3,232
2,657
def.3,997

2,789
81,129
2,416
86,242
109,022
3,793
15,212
116,261
4,911
25,149

def.3,994
-

135.662
3,059

542
13,470
2,192
98,332
2,084
57,113
188,840
14,380
9,391
100,890
4,141
26,951

p953,612 pl068,441
59,807
61,756
71,017
1,055,567
938,188
1,347,540 1,658,595
2.898
10,212
def.941
16,089
5,425
8,941
50,798
31,051
45,557
73,412
119,559
147,746
29,275
32,317
69,808
89,647

319,830
2,092.085
4,190,505
633,698
1,108,719
353,961
844,055
82,570
161,081
3,335
18,966
9,218
16,419
242,125

449.880
3.261
5,851
15,506
def.9,117

349,542
1,928,207
3,825,925

525,600
948,663
320,561
782,955
97,108
177,504
5,026
24,650
6,929
12.389
214,343
419,104
1,888
3,293
46,362
107,834

a Netearninge hereglven are after deducting taxes.
b Wet earnings here elven are before deduoting taxes.
c These figures are in Mexican ourrenoy, and are convertible into
gold at the current rate of exohange.
e Resulta on Monterey A Mexican Gulf inoluded from March 1, 1902.
f Thirty per cent of gross earnings.
g Inoludes Missouri Pacific & Iron Mount'n and also Cent'l Branch.
1 These figures include Houston A Texas Central and its subsidiary
ines and also Steamship Lines.

—

—

).

THE CHRONICLE

844

i These figures lnolude results on the Buffalo & Allegheny Valley
Division in both years.
JtTheee figures Include in both years results on Kansas City Fort
Scott & Memphis RR. and Fort Worth & Rio Grande RR.
I Includes Bio Grande Western for both years.
II Includes Paduoah & Memphis Division from July 1 in both years.
Expenses for August include $34,075 paid for improvements on this
division and $ti4,358 from July 1, 1902.
p Includes results on former Southern Pacific of Arizona, Southern

Paolflo of New Mexioo.
connecting roads, total net income for
two months is $120,993, against $46,256 for the same period last year.
t After adding $5,288 other inoorae for August, 1802, and $2,8^2
for August, 1901, total net inoome amounts to $35,891 and $26,679
respectively. From July 1 other income amounts to $10,154 and
$5,681, aaklng total net inoome $63,416 and $49,727 respectively.
u Including earnings of Savannah Florida & Western in both years.
n v Includes $31,292 other inoome in August, 1902, against $126,777
for August, 1901.
Total other Inoome from Julygl to Aug. 31 is
$201,242 and $321,174 respectively.
Betterments included in operating expenses August, 1901, $51,318; August, 1902, nothing. There was expended for betterments
and charged to general Improvement f and August, 1902, $ 78,830.
t For Augast, 1902, taxes and rentals, amounted to $189,607, against
$169,147, after deducting which net for August, 1 902, was $1,600,523,
against $1,900,131. From July 1 to Aug, 31, 1902, taxes and rentals
amounted to $379,344. against $340,317, after deduoting which
net was $3,077,091, against $3,722,210.
1 Kansas City Sab. Belt inoladed from January 1, 1902.
U For August. 1902, taxes aud rentals amounted to $5,313, against
$5,168 in 1901, after deducting which net for Augast, 1902. was
$37,022, against $28,525. Taxes and rentals from July 1, 1902. to
Aug. 31 amounted to $13,286 against $12,269, after dedaoting which
net was $73,877 and $50,294 for 1902 and 1901 respectively.

Pacific of California

and Southern

q Including remittances from

'

w

Interest Charges and Surplus*—The following roads, In
addition to their gross and net earnings given in the foregoing, also report charges for interest, &o., with the surplus
above or defloit below those charges.
lit I., Ren tals, etc. —
-Bal.oj \et Eam'gs.-^

—

-n

Current

Previous

Current

Previous

Tear.

Tear.

Tear.

rear.

Roads.
$
$
$
$
Atlantic & Blrm'gh. Aug.
2,083
2,083
3,151
1,501
July 1 to Aug. 31
4,166
4,166
9,403
1,315
Belief onte Central. Sept.
550
551
1,455
2,040
Jan. 1 to Sept 3o....
4,950
4,959
11,250
6,814
Ohlc.Burl.A: Quinoy Aug.
813,000
808,524 1,422,433 1,333,196
July lto Aug. 3i
1,626,000 1,617,048 2,409,282 2,243,724
Ohio. & £. Illtnois..Aug.
*134,783
*108,865
136,523
132,822
July 1 to Aug. 31....
*280,785
'232,247
272,626
265,233
Clev.Oin.Ch.& St. L.Aug.
237,125
235,367
157,647
283,957
July 1 to Aug. 8i....
466,158
469,802
296.290
527.005
Peoria &East
Aug.
33,688
33,688
27,403
18.779
July 1 to Aug. 31....
67,376
67,376
41,468
38,265
Copper Bange
Aug.
5,899
4,275
10.457
81
11,774
July 1 to Aug. 31....
8,535
19.155 del. 3.027
321,778
306,543
317,088
Den. & R. Grande. t. Aug.
t337,606
640,598
605,458
1756,207
1632,973
July 1 to Aug. 31
'35 380
-20,231
79,642
77,642
Did. So. Sh. & AM. ..Aug.
'70,438
•50,723
159,767
157,286
July 1 to Aug. 31....
Gila Val.Globe A X.Aug.
116,636
9,225
2,372
U6.398
1113,730
16,003
July 1 to Aug. 31
11,484
1T12,943
'156,627
Aug.
'121,011
Hocking Valley
76,377
71,433
143, b99
'311,133
*225,662
147,292
July 1 to Aug. 31
13,118
10,980 df.*19,144
*16,559
Kanawha & Mioh...Aug.
25,457
21,742 df. "35,928
-19,151
July lto Aug. 31
*954
-8.894
Aug.
8,197
7,947
Mineral Bange
'891
16,394
*9,916
16,389
July 1 to Aug. 31
317,842
303,719
156,378
59,697
Mo. Kan. & Texas.. Aug.
626.615
607,428
122,181
23,457
July 1 to Aug. 31....
151,187
152,510
94,635
Nashv. Chat.A 8t.L.Aug.
50,080
302,374
305,020
190,987
74,732
July 1 to Aug. 3i....
2.320
2,715
4,213
3,057
Nev. -Oal.«Orego n . . . Aug.
4,195
4,965
8,839
7,029
July lto Aug. 3i....
502.391
211,380
192,162
430,'47
Norfolk * West'n....Aug.
421,093
884,323
925.915
783,271
July 1 to Aug. 31....
11,496
8,318
13,808
6,129
North Shore (Cal,)..Aug.
52,524
42,877
80,838
38,504
Apr. lto Aug. 31....
122,660
136,561
150,436
Aug.
146,333
Pere Marquette
974,301
1,075,179
503,425
441,469
Jan. 1 to Aug. 3i
483
481
483 def. 1,399
Pine Bluff Ark. R. Aug.
963
966
686 def.2,067
July 1 to Aug. 31 ...
297,085
388,573
167,403
347.861
Pitts. C. C. & St. JL..Aug.
2,713,239 2,463,029 1,175,045 1,241,167
Jan. 1 to Aug. 31

— —
. .

Heading881,000
Aug.
All companies
1,762,000
July 1 to Aug. 31
7,708
Rio Grande Junot'n. July
61,666
Deo. 1 to July 3i....

Bio Grande South.. Aug.
July 1 to Aug. 31....

RutlandJuly lto Sept 30....

19,034
38,067

879,082 df.510.807
1,758,164 df. 1027864
7,708
8,052
61.666
46,639
18,034
7,442
35,717
21,641

"163,125
115,785
'6.763
41,310
11,667
8,750
17,055
37,148
St. Jos. & Gr. Isl'd..Aug.
23,334
17,500
16,967
80,889
July 1 to Aug. 31....
531,590
406,846
*294,123
*319,851
St. L. & San Fran.. .Aug.
*412,570
813,844
*654,026
July 1 to Aug. 31-... 1,063,548
17.490
1163,754
1175,856
8.680
San Ant. & Ar. P . . .Aug.
11134,839
11146,278 def.32,018 def. 39,703
July lto Aug. 3i
22,675
22,771
25,966
19,419
San Fran. & Mo. Pac.Aug.
44,750
45,542
54,614
45,044
July l to Aug. 31....
*60fl,850
Southern Pao. Co... Aug. §3,283,240 2,230,417 *df.l037.935
4,266,122 *dM241,422 *1,165,790
| 5,966,460
July lto Aug. 31
3,771
3,771
1,654
def.830
Tipt.Thomasv a G.May
41,579
32,533
9,219 def.1,482
July lto May 31
*6.9(0
38,968
41,515
*32,108
Toledo & Ohio Cen.Aug.
*42,696
77,943
79,714
•68,967
July 1 to Aug. 31....
23,051
22,538
6,737
9,266
Xol. Peo. & West.. .Sept
69,152
67,613
2,195
20,495
July lto Sept 30.. „,
1922
131
3,204
Aug.
3,104
Wichita Valley
17,943
15,379
1,023
9,271
Jan. lto Aug. 31....
2,292
2,404
6,814
4,637
Wmsport <fe No. Br. Aug.
4,584
11,611
4,808
7,805
July lto Aug. 31

—
—

—

— Int., Rentals,
Curren
Roads.
Wisconsin Central.. Aug.
July lto Aug. 31

I'arn'gs.—*

current

Previous

Trar.

$
145,426

295,100

lxxv.

— Hut. of Net

etc.

Previous

t

Tear.

$
139,503
281,985

i

Tear.

ear.

$
•74.880
•137,199

$
•99,146
*160,741

After allowing for other Inoome received.
These figures are after allowing for other Inoome and for dlsoount
and exchange.
After deduoting $10,o00 for Renewal Fund in
August, 1902, and $10,000 in August, 1901, the surplus for the month
Is $327,606 against $307,088 a year ago.
Similarly, after deducting
*20.000, the surplus from July 1, 1902, to date is $736,207, against
$612,973 a year ago.
I Includes Bio Grande Western for both years.
5 These figures inolude $1,9?4,491 appropriated for betterments and
additions to properties and equipment in August, 1902 r and $869,016
in Augast, 1901. From July 1 to date appropriations are $3,309,394
and $1,542,069 respectively.
U Interest on advances by Southern Paoiflc not taken into acoount,
but figures inolude $754 appropriated for betterments and additions to properties and equipment in August, 1902, and $12,726 In
August, 1901. Amounts from July 1 to dale are $3,839 and $20,019
*

t

respectively.
$327 appropriated for betterments and
IT These figures inolude
additions to properties and equipment i a August, 1902. and $89 in
August, 1901. The totals from July 1 to date are $1,114 and $326
respectively.

Miscellaneous Companies.
— Cross Earnings.

—

Net Earnings.
Current
Previous

Current

Previous

Tear,

Tear.

rear,

$

$

$

Companies.
Buffalo was Co. .. Aug.
Oot lto Aug. 31....
Col. & Hook.C. & I.. Aug.
July 1 to Aug. 31

17.596
87.336

Jan.

lto

22,191
42,204

15,448
20,121
98,668

Lowell Elec. Lt. Co. July
Mexican Telephone. July
Mar. 1 to July 31
Milwauk. Gas L. Co.Sept

10,294
18,815

23,537
44,442

Gas & Electric Co. of
Bergen County.. July
June 1 to July 31
Laclede Gas L't Co. Sept
Jan. 1 to Sept 3o

12,961
17,702
87,053

Sept. 30....

456,386
Coast Co..aJuly
546,739
Philadelphia Co.— See state ment on page 662.
Pacific

>

Tear.

$

17,842
306,242
14,974
32,151

20,141
272,757
7,218
11,511

10,105
18,258
96,296
789,916
4,276
8,343
45,917
54,148
467,244
115,785

10,082
17.997
87,788
721,003
2,327
8,018
39.509
48.787
381,912
114,410

Interest Charges and Surplus.

—

Rentals, etc.
—Bal.of Vet Earn'gs.—\
urrent
Previous
Current
Previous
Tear.
Tear.
ear.
Tear.

Int..

,

(

)

Companies.
Col. & Hook. C. A Ir. Aug.
July 1 to Aug. 31....
Lowell Elec. Lt. Co. July

$

$

4,704
9,408
1,260

$

4,725
10,068

766

$

10,270
22,743
3,016

2,493
1,443
1,561

STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of the
cable is the same as that for the steam roads that is, the
drst two columns of figures give the gross earnings for the
latest week or month, and the last two oolumns the earnings
for the oalendar year from January 1 to and inoluding such
latest week or month.

—

STREET RAILWAYS AND TRACTION COMPANIES.
GBOSS
Earnings.

Latest Grot* Earnings.

Week or Ho

Our'nt
Tear.

American R'ys. Co. I. September 160950
4,417
Athens Electric By.. September
23 ->47
August
Bingham ton RR
1,236,954
August
8r'klyn Rap.Tr. Co.

Prev'us
Tear.

Jan. 1

to

Latest Date.

Ourrent Previous
Tear.

82.131
3,880
2I.4M0

$
860,237
34,335
141.326

74,525

707,432

Tear.

666.293
27,743
134,658
1.182,885 8,716.133 8,299,387
6,4oO
5,520
52,148
45,185
Barlingt'n (Vt.) Trao. September
Canton Akron By..
635,373 019,344 6171,277 6109,356
August
Cant-Mass'ln By. J
Charleston Cons. Ry.
45,217 45,474
August
Gas AElec
25,529 24.042
128,059 112,961
'hio*«o <fc Mil. Elee. Augast...
Cln. Dayton & Tol. Tr. September 44,090

& Coving.
Traotiont.
Ry. A Light
Citizens
(Muscatine, Iowa).
CtttyElec. (Rome.Ga.)
Cleveland Eleotrio ..
Oleve. Ely A West...
Jleve. Palnsv. & E...
Dart.&W'portSt.Ry.

Oin.

Newp.

Light

456,616
893,832
7,827
43,926
6.009
11,435

rvoi..

&

August

Art). & Jackson By. September
Duluth-Sup. Tract. / September
DuluthSt. Ry.... {

East. Ohio Traction., September
September
tilgln Aurora & Sou

May

September
August...
August...

September
August..
July.

September

Met. West Side Elev.. September
Mil. Elec. Ry.&Li.Co.
Mil. Li. Heat &Tr. Co.

535,784

9,041
54,331
August
6,184
46,689
September
8,512
31,529
31.343
3,508
September 217.96: 229,789 1.860.348 1,702,714
September 27,4 30 j0.464 216.935 189,025
September 18,4*8 18,822 144,464 124,184
21066 17.556
91,649
August
82,152

1st wk Oct.
Detroit United
Detroit & Port Huron
.'..
1st wk Oot.
Shore Line
Detroit Dpslla'ti Ann

Galveston City
Harrisburg Traction
latern'l Ry. (Buffalo)
Lake Shore Eleo. By.
uealgh Traction
LondonSt. Ry.(Can.)
Los Angeles Railway
Mad. (Wis.) Traotion.

96,118

Scptembei
September

Street Ry
August...
Musk. Tr. <fe Light. Co.
Street Ry. Depart. August...
Eleotrio Lighi Dep. August...
VI tnr.real

Gas Department... August...

65,764
6,838

59,545 2,633,554 2,298,835
6,078

324,946

265,416

3O.5S0
38,933 392,901 332,410
21,008 17,792
37 80b 34,169 308.241 275",56«
17,734 10,562
56,714
41,021
38.390 35,709 345.126 292.982
369.535 * 88,150 2,234,762 '1,787.764
285.823 231,724
47,96f 44,454
6.379 11,688
74.717
97,051
91.675
16.102 16, 260
97.503
118,777 91,559 804,129 609,197
59,334
6,538
164.626 132,339 1.408.181 1,227.677
2,001,428 1,776,849
255 81' 209,633
35,349 31,549
l»9,40o 181,860 1,364,072 1,259.535
46,378

<:

13,817
1,933
2,503

11,135
1,895
2.153

—

.

October

——

.

THE CHRONICLE.

18, 1902. J

Latest Qross Earnings.

Jan. 1

to

845

— Gross Earnings. —
Current
Previous

Latest Datt

,

Gross
Babnihqs.

Year.

Tear.

August
Nashville By
New London St. Ry. August
August...

September
September
Jane

Philadelphia Oo. t . - August
Pottsv'e Union Trac July

1,061,379

.

Railways Co.Gen.—
Roads
Light Co's

61,932
11,592
67,693
81.098
70.285
5,954
13,387

73,070
12.427
84.340
95,925
82,116
6,569
13.0(9
68.607

Orange Oo. Traction. July
August....
Pacific Eleotrlo

17,034

September
September

26,126
1,903

Tear.

549291
51,519

484 407
847,973
694.607
25,526
55.381

Frevioui
Year.

"23*752
55,170

Jan. 1 to Aug. 31....

928,898 9,023.183 7,953,307
19,122
93,197
94,725

20,753
1,602

207,749
15,894

167,159
14,654

Sioux City Traotion.. August....: 22.512 20.944 160,225
South Bide Elevated. September 114,858 101,941 1,042,783
(£11.)

138,407
964,503

Con

September
September
September
August
Wk. Oot.ll
lscwkOot.
August
Union Trac. of Ind.. September
United Traotion— ) September
Albanv City t
Ven'go Pow. ATr.Oo August....
Wash. Alex. A Mt.
Vernon By
June

Syracuse Rap.Tr Ry
Tol.Bowl.Gr.A8o.Tr.
Toledo Rvs. & Light.
Toronto Railway
Twin City Rap. Tran
Union (N. Bedford!.

18,758 16.015
140,322
122,381
61,164 53.992
21,974 17,585
180,850 131,702
138.642 124 491
941 419 844.181
33,652 48 573 1,396,888 1,275,347
68,744 59,235 2,734.134 2,397.476
222.267
38.390 33.106
182,369
85,679 67,66a 703,740 539,245
132,606 122,200 1,137,299 1,007,394
24,310 15,728

—

1

17,313

15,457

These

figures are for the corresponding period of 1900, as the tigares for 1901 were unusually heavy, owing to the Pan-American Exposition at Buffalo.

Beginning with August results for 1902 are for Cincinnati Newport
Light A Traotion Co. Figures for year to date seem also
to have been revised at same time.
Results now inolude the Pittsburg Railway Co., operating the Consolidated Traotion and all the other controlled properties in Pittsburg
$ These are results for properties ownea.
o Figures for 1901 are for Canton-Masslllon Ry. only; In 1902, since
Jnnel,are for Canton Akron Ry., including Canton-Massillon Ry.
The latter separately earned in August, 190.4, $26,432, against $19,344
In the corresponding period inl901.
t

A Covington
t

Street Kail way Net Earnings.— In the following we shove
both the gross and the net earnings to latest dates of all Street
railways from which we have been able to procure monthly
returns. As in the case of the steam roads, the returns of the
different roads are published by us each week as soon as reserved, and once a month (on the third or the fourth Saturday of the month) we bring together all the roads reporting,
as is done to-day,
Gross Earnings:.

Cm-rent
_Year.

Roads.
$
American Light A Traotion Co.— See
Athens Eleo. Ry... Sept
4.417
Jan. 1 to Sept 3o
34,335
Binzhamton RR.b.Aug.
23.547
Oct lto Aug. 31....
191,557
Brooklyn Rap.Tr. a. Aug. 1,226,954
July 1 to Aug. 81...
2,463,355
Charleston Consol. Railway Gas & Eleo.. Aug.
45,217
Dec. lto Aug. 31 ...
541,422
Ohio. & Milw. Eleo Aug.
25,529
Jan. 1 to Aug. 31....
128,059
Cincinnati Dayton A Toledf> Tiactiou b...Sept
44,090
June 1 to Sept 30 ...
184,502
Gin. Newp. ACov.aAug.
96,118
Jan. 1 to Aug. 31....
707,432
Citizens' Ry. A Light—
(Muscatine, la.).. Aug.
9,041
Jan. lto Aug. 31....
54,331
01tyEleo(Roroe.<+a,Sept
8,512
Jan. lto Sept 3u
31.529
Olev. Elyria A West. Sept
27,430
Jan. lto Sept 30....
216,935
Olev.Painesv.* E...Sept
18.498
Jan. 1 to Sept 30....
144,464
Cohoes City Rv.—
July 1 to Sept 30....
7,061
Jan. 1 to Sept 30
19.366
Detroit United.a. . .Aug.
337,892
Jan. 1 to Aug, 81
2,255,077
Detroit A Port Huron
Shore Llnea
Aug.
53,187
July 1 to Aug. 31 ..
97,887
Dnluth-8up. Trac. Aug.
61,457
Jan. 1 to Aug. 81....
349,226
Elgin Aurora A8o.aSept
37,806
June 1 to Sept 30 ...
155,659
42d St. M. A 8t N. Ave.—
Apr. 1 to June 30....
223,705
July 1 to June 30....
815,172
Galveston City Ry..May
17,734
Jan. lto May 31....
56,714
Geneva Waterloo Seneca
Falls

—

,

,

—Net

Previous

Year.

year.

fear.

$

$
statement on page 726.
3,880
2,796
27,743
20,613
21,490
11.223
179,698
84.428
1,132,385
594,867
2,330,942 1,189,163

45,474
380,298
24,042
112,961

*74,5"25

*535,784
6,184
46,689
3,508
31,343
30,464
189,025
18,822
124,184

$
2,719
16,420
10,604
82,029
448,364
963,308

14,026
241,870
18,309
75,232

17.178
139,557
16,563
63,391

21,040
93,296
42,828
311,002

•28,784
•208,169

25,826
38,390
345,126
369,535

Jan. 1 to Aug. 31....
By ...July
Jan. lto July 31....
Madison Traction.. Sept
Jan. 1 to Sept 30....
Milwaukee Eleo. By. A

Los Angeles

4,888
19,691

1,273

St.

7,938

1,218
def.5,933

17,662
37,454
21,«47
100,591
2,854
28,139
6.403
35.340
53,313
359,533
1,118
17,007

24,855
78,342
7,467
52,131
6,913
33,611
36,429
239,076

44.454
231,724
11,688
97,051
16,260
91,675
91.559
609,197

99,319
802,296
6.840
12,412
19,422

115,946
898,510
15,435
89,349
690,622
6,797
13,694
18,204

19,456
42,149
216,266
38,874
242,172
3,353
10,369
6,621
20,043

21,913
33,669
171,593
28,882

13,990
16,798
5,170
30,088
32,192
6,500
29,640
63,932
Pacifio Elec.By.b..July
Philadelphia Company— See statement on page 662.

6,861
8.811

3,747
10,626
8,320
23,159

Oswego TraotioD—
1 to Sept 30
Jan. 1 to Sept 30....

July

Sacramento Eleotrlo Gas

ABailwayCo

41,246
263,729

20,110
142,542

19,156
125,637

18,800

y3,679

y3,984

119,672
455,668

110,993
396,948

y51,612
yl78,519

y49,108
yl57,904

21,974
180,850
138,642
941,419

Green
Aeouth'aTiacC.Sept

34,864
235.857

18,903

Aug.

Feb. 1 to Aug. 31....
Syr. Lakes. A Baldwinsv.
Apr. 1 to June 30
34th Street Crosstown—
Apr. 1 to June 30....
July 1 to June 30....

17,585
131,702
124,491
844,431

Toledo Bowling

Jan. 1 to Sept 30 ...
Toledo Rys. A L'ht.a Aug.
Jan. 1 to Aug. 31....

A

29th

Sts.

9,015
84,988.
68,753

456,832

8,697
52,883
71,134
434,058

BB.—

yl6,023
45,462
y20,270
177,119
y60,607
y74,031
161,554
283.589
185/64
Jan. 1 to Aug. 31.... 2,327,425 2.031,771 1,266,716 1,086,056
122,200
UnitedTrac.(Alb'y)Sept
132,606
26,750
Jan. lto Sept 30... 1,137,299 1,007,394
1

to

Juno

48,257
180,510
323,534

30....

July lto June 30....
Twin City Bap. Tr... Aug.

Venango Power A Trao24,310

Aug.

tion

15,728

9,510

&

Covington By.
Besults for 1901 are for Cincinnati Newport
These figures are for the corresponding period of 1900, as the
figures for 1901 were unually heavy, owing to the Pan -American Ex*
f

position at Buffalo.

k

These figures, except for the three
are for the Metropolitan Street Railway.

months ending June 30, 1902

y Includes " other income."

and Surplus.— The following Street
and net earnings given in

railways, in addition to their gross

the foregoing, also report charges for interest, &c, with the
surplus or deficit above or below those charges.
,

Int.,

Rentals,

393

922
927

288,575
1,963,511

1,569
3,238
155,278
982,571

188,160
887,937

46,501
90,260
41,763
296,084
34,169
140,532

27,458
46,471
24,952
165,590
17,533
71,912

24,392
48.6&0
21,873
134,474
17,080
72,472

210,235
697,748
10,562
41,021

96,416
y372,619

46,960
y228,64l

6,961
10,280

2,859
10,317

July 1 to Sept 30....
Intern! By. (Buff.). Aug.
InterurbanSt. Ry. (N. Y.)—

23,691
85,709
292,982
1285,150

14,034
15,876
161,435
186,575

12,471
12,636

Apr. lto June 30
n2,079,775
Ithaca Street By5,736
July 1 to Sept 30....
17,190
Jan. lto Sept 30....

k2109737 k 2020503
k 8346242 k7965634

car.

def.3,282

By.... Aug.

4.143
15,464
85,587
9,174
60,943

Apr. 1 to June30....k3748,338 k3699264
July lto June30..kl4,494,671kl4063781

26,562
61,732

199,405
181,860
Oct lto Aug. 31.... 1,843,241 1.715,066
12,427
11.592
Sew London St. By.Aug.
23,379
28,258
July 1 to Aug. 81....
51,519
48,745
Jan. 1 to Aug. 31....
N. Y. A North Shore42,076
47,487
July 1 to Sept 30....
84,340
67.693
North. OhioTrao.a. Aug.
484.407
403,558
Jan. lto Aug. 3t.. „
84,531
74,088
Oakl'd Trans. Cons.Aug.
612,391
Jan. 1 to Aug. 31....
6,569
5,954
June
Olean Street By
23,752
25,526
Jan. 1 to June 30....
13,387
13,069
Orange Oo. Trac. ..July
55,170
55,381
Jan. 1 to July 31....

Montreal

\

,

$

209,533
145,082
255,818
..Sept
lto Sept 30.... 2.001,428 1,776,849 1,054,920
Milwaukee Light, Heat A
Sept
35,349
31,549
17,852
Traction Co

291

119,226
tl71,852

ear

Jan.

3,372
15.083
97,537
8,464
67,500

6,741
18,464

I

Light Co

Interest Charges

& Cayuga Lake-

July 1 to Sept 30
Harrisb'g Traot'n..Sept
Jan. 1 to Sept 30
Lntern'l Ry. (Buff.). Aug.
IuterurbaD St. Ry.( V.Y.)—

[iOnd.8t.Ry.(Can.)aAug.

Apr.

Earninf/s.

Current

El. Ry.aAug.

Lehigh Traotion. ..Sept
Jan. 1 to Sept 30....

28th

Previous

36.900
87,030
47,968
285,8^3
6,379
74,717
16,102
97,503
118,777
804,129
6.538
59,334

Jan. 1 to Sept. 30....

Lake Shore

$

26,526
62,430

Kingston Consoild'd—
July lto Sept 30....

Net Earnings.
Current
Previous

year.

f

Jtoads.
Ithaca Street Ry.—
July 1 to Sept 30....
Jan. lto Sept 30....

483.848
48.745
403.558
736,821

Sacramento Electric
297,334 267,963
August....' 41,216 34,864
Gas A Ry
St. Louis Transit.... September 561,921 500,486 4,731 257 4,301,894
Springfield

eat

.1

Week or it o Our'nt Prev'us Current

Northern Ohio Tract
Northwestern Elev.
Oakland Trans. Cons
(Mean St. Railway..

,

.

.

etc.

—

-Hal. of Net Eam'gs.—*

Current

Current

Previous

Year,

Tear.

Tear.

Year.

$

Itoads.

Previous

$

$

$

Charleston Consol. Rail-

wav Gas A Elec.Aug.
Deo. lto Aug 31....

669

13,697
50,110

86,899

8,481
89,447

16,251
65,241
22,238
175,343

15,807
125,829

4,789
28,055
20,585
135,659

12,977
82,840

Jan. 1 to Sept. 30..
Elgin Aurora A So Sept
Junel to Sept 30....

1,724
5,060
8.333
33,333

1,799
5,834
8,333
33,333

42d St. M. A St. N Ave.—
Apr. 1 to June 30 ...
July 1 to June 30....

272.222
376,316

Cincinnati Dayton A Toledo Traotion
Sept

June 1 to Sept 30....
Gin. Newp. A Co v... Aug.
Jan. lto Aug. 31
Cohops City Rv.—
July 1 to Sept 30....

13,357
154,971

def.155

def.877

def. 1,822

def. 4,907

9,200
38,578

8,747
39,138

34,772 df.175,806
127,914 def. 3,697

12,188
100,727

*9,001

•7,398
189,102

.

Geneva Waterloo Seueoa
Falls & Cayuga Lake

Kingston ConsolidatedJuly 1 to Sept 30
Jan. lto Sept. 30
Los Angeles By.. ..July

5,134
79,147

9,552
29,251
20,980

5,170
t82,750

107,428
29,962

•6,072
5,654
15,322 •def.3,366

*4,761
*3,722

8,110
•8,205

20,101

32,333

16,328

—

J

THE CHRONICLE.

846
—Int., Rentals,

etc.

—

Year.

Year.

$

$

Roads.

Milwaukee Elec. Ry. &
Light Co
...Sept1

Milwaukee Light, Heat &
Traction co
Sept
Montreal

Oct

St.
1 to

Equipment—
Locomotives
PasseDger equip't..

*53,047
*S45,507

9,683
22.951
187,179

Ry

Aug.
Aug. 31

9,130
12,500
102,556

6,750
68.140
565,003

8,169
76,368
615,116

8,685
21,209
125,619

3,540
10,232
14,520

Feb. 1 to Aug. 31
Syr. Lakes. & Baldwlnsv.
Apr. 1 to June 30....
34th St. Crosst'n RR.—
Apr. l to June 30

9,825
68,191

9.811
60,225

7,266

def.4,298

def.3,282

17,168
65,003

I

21,378
85,283
175,350
1585,398

*

def.1,245

649
98

0-635

0587

cts.

0-517

ots.

ots.

369

316

$1044
$2'2<il

$1007
$2062

$18,139

$18,153

$0-913
$1-636
$1 6,000

EARNINGS AND BXFENBES.
$
$

$

20,152,762
8.^75,226
6,905,224
4b2,l71
1,330,632

1,223,095

Gross earnings. 40,894,434

39,102,302

38,293,031

33,752,704

eto.
3.981,146
Maine, of tqulpni't.
5,606,299
Conduct, tranapor'n 16,561,647
Genet al expenses..
999,187
Taxes
1,028,321

4,288.895
6,057,250
16,148,787
852,647
1,069,395

3,974,618
6,889,647
15,806 021
780,796

3,074,317
5,174,137
15,204,802

Total expenses... 28,176,600
Ratio of exp. to earn. (68-90%)
Netearnings
12,717,834

28,406,974
(72-6?%)
10,695,328

28,448.605
(74-29%)
9,844,426

Exptnses—
Mamt. of way,

5,344

Includes other income.

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.
X Including dividends paid on preferred stock.
n Includes dividend on Metropolitan Street Railway stock paid
under lease.

0-559

cts.

375

20,247.910
9,037,086
7,278.054
491,920
677,320
136,256
1,233,756

86,204
500,668

4,166

679
100

20,955,608
9,235,507
8,075,726
468,901
777,839
162,248
1,218,605

df. 24,67 5

107,831
656,216

700
271

1,004

000s are omitted.

Freight
Coal
Passenger
Mall.
Express
Rents
Miscellaneous

def.5.355

df.l 1,447

45,537

1,036

s

Earnings—

33,998
98,993

34,444
113,516

15,110
58,910

21,515
85,477
J77.733
JblO.500

July 1 to June 30
28th & 29th Sts. RR.—
Apr. 1 to June 30
July 1 to June 30
Twin City Rap. r...Aug.
Jan. 1 to Aug. 31
Venango Power & TracAug.
tion
*

9,345
65,412

7,977

Sacramento Electric Gas
Aug.
<fe Railway Co

905

£0,698

Av.tr.lo'd(rev.)tons
377
Earns.p pass.tr'nm. $1-117
Earn, p.fr'ht tr. m. $2-389
uross earns, perm. $18,983

*3.578
*1,630
3,320
10,388 def.*3,732 def.*l,510
15,120

10,285
74,351

to Sept 30
Jan. 1 to Sept 30
July
Pacific Electric

911
46,225

695
547

Rate per ton p.m..

Oswego Traotion—
l

958

52,592

—

1,109

carried. 18,597,550 17,209,900 16.527,876 15,222,353
Pass, carried l mlle524.e79.237 469,670 388 446,190.767 409,987,217
Rate p. pass, p. mile 1*539 cts.
1-550 ots.
1-548 ct8
1-539 cts.
Freight(tons) oarr'd 27,697,159 25.9h9.602 26.947,892 24,916,944
Fi't (tons) oar. 1 m. *4,7r>6,339 *4,989,581 *5. 57,955
•4.834.775

*12,093
22,016
84,902

-10,487
29,619
113,710

9,983
11,653
86,691

1898-99.
2,109

951

plows, etc
Floating e qulpm't.
Operations

Passenger

1899-00.
2,109

1900-01.
2,156

1,154

Freight equtpni'fc...

Company cars, snow

N. Y. & North ShoreJuly 1 to Sept 30
Northern Ohio Trao. Aug.
Jan 1 to Aug. 3i....

July

1801-02.
2,154

Miles operated

$

$
*78,283
*471,622

63,998
554,102

70.592
587,071

to Sept. 30 ...

Year.

Year.

LXXV.

[Vol.
OPERATIONS AND EQUIPMENT.

—Bat. of Net JEarrn'gs.—,
Previous
Current

Previous

Current

Jan.

1

..

1

61o,030
120,988

997,523

17,817,942
7,191,482
6,310,444
486,020
592,613

131,109

725.739
990,931
25,169,926
(74-5796) |

8,582,778

INCOME ACCOUNT.
1901 02.

ANNUAL REPORTS.
Annual Reports. — The following

Page.
6«4
440
American Agnc. Chemical
495
American Hide* Leather
American Loc motive (lz^Smos.). flOn
7:-il
American Shipbuilding
548
American Smelting & Kenning
665
American Tnread
607
Ann Arbor
Associated Merchants' (report for
440
half-year)
Atchison Top. & Santa Fe
664, e78
610
Bay Counties Power

Boston & Maine
Buffalo Rochester* Pitts

7.'8

840. 846
Mil

Buffalo & Suusquehanna
fHcial statement). 238
Butterick Co.
238
Salumet & Heel a Mining
anadian Pacitic
646, 553
340
Central Foundry
184
Central Coal & Coke Co
Georgia
439
Central of
Chesapeake & Ohio...
647, 561
Chicago Burlington <fc Quincy
340
bf)i
Chicago* Kastern Illinois
Chicago Great Western
547, 66*
Chicago Indianapolis A Louisville 729
Chic. Milwaukee & St. Paul
647. 556
Chicago* North Western.... 438, 444
Chicago Terminal Transfer
791
Cleve. Cin. < hie. & st, Louis.. 439,. 4f>4
Colorado & Southern.
607
Consolidated l.iike Superior... 666, 6*2
i

.

....606,614
Denver A Rio Grande
Det. Mack & Marq. KK. land grant

mort. mtaieuteiit 187P to 1W02)... 182
& Atlantic... 729

Duluth South Shore

ErleKR
...
89*
Fort Worth* Denver City......... 6<>7
Georgia Southern & Florida
608
Gila Valley Globe i Northern...

.

840
7n9

Great Northern
Gulf & snip isl'ncMadv. statement) 54?
Hocking Valley
727,740
Illinois Brick (balance sheet)
Illinois Central....

International

Paper

Kanawna & Michigan
Louisiana
Louisville

& Arkansas
& Nashville

Is

Ratlkoads, Etc.— Won.)—
Maine Central
Manhattan Railway
St. P.

*

.

(state-

288
439
2*8
Reading Company...
790, '97
288
St~ Lonts & tsan Krandsco
St. Lewis Southwestern
790
San Francisco * North Pacific
664
Southern Indiana
837

Peoria & Eastern
Republic Iron & Steel

Southern Ry.
Standard Rope & Twine
Texas Central
Toledo & Ohio Central
Uuited States Knvelope

Tot. net income. 14,663,042
Deductions
Interest on bonds..
8,396,891
Rentals leased lines. 1,112.163
P. o. due leased lines
215,697
Int. on oar trusts...
298,590
Miscellaneous
255,023

12,191,405

10,264,534

9,140,354

7,541,730

6,921,623
1,15*,387

6,842.679
1,093,538
35a,086

10,278,ii64

4,384,678
1,436,772

9,368,248
2,823,lo7
718,386

8,601,104
1,663,430

8,486,555
653,799

2,t*47,906

2,104,771

1,663,430

653,799

Erleooal c mp'nies.
Int.and dlsoount ..

1,702,491

22 1, 247

783

—

l,13s«,«83

223.4 09
269,599
194,0.27

Total

Balance
Dlv. on 1st pref....

Louis

174,777
20,475

438,447
610
609
731

496
United States Red. & Refln
790, 802
U. S. Steel Corp. (9 mos. end. Sep.
30)
791
Virginia-Carolina Chemical
49^
Wabash RR
.... 6P3, 686
7k2
Western Union Telegraph
Wisconsin Central
727, 741
Mississippi Valley .. 606, 617
Yazoo &

Strbbt Railways—

Surplus

was customary prior to 1901 to include but one year's coal earnings In the
Erie income account, 'lie c al accounts not having been closed in time to include the results ol the corresponding year with the Erie they were therefore
one vearbebiii'i. In 19nu-oi the coal accounts for the twelve months ending
June 3u have been closed so as to permit the results of this as well as the preceding year 10 be included in the Erie income account; the 1900-01 figures
therefore include from Juiy 1, i&«9, to June 30, 1001.
* It

;

CONDENSED GENERAL BALANCE SHEET JUNE
U02.
1901.

30.

1900.
Assets—
$
Cost of road and equipment
351,216,818 346,710,304 292,193,321
Seourliies In treasury held for
construction purposes
2,344.000
141,000
1.192,000
Securities held for gen. purposes
2,031.060
2, 216,518
197,407
578.9<?6
Heourltles to oe pledged
578,926
578,926
5,748,900
N. Y. Bus. <te W. common stock...
5,748,900 12,357,400
"
preferred "
..
6,262,400
6,262.400 12,882,800
7 35,892
Chio. & West. Ind sli king fund.
667,944
603,943
Materials and supplies
2,193,447
2,043,665
2,004,402
special English tax deposit
100,000
29,283
Line truffle asb'n aud ag funds..
30,428
29,001
Insurance paid not accrued
34,898
33.564
13,027
396,100
N Y. <feGr L. RR. con. and equip.
386,237
319.647
211,145
Peon. coll. trust bonds sink, iund
4,617,272
4,249,980
2,fl 86.587
Cash
875,741
ash lu ttanelt from agents, etc.
8*3,797
730,993
agents and conductors
916
63.),
615,511
Due from
624,252
from U. 8. Government
118,406
124,912
125,044
Dae
1,951.795
Due from companies A lndlvld'is 1,252,215
1,867,464
568,293
248,149
Due from (subsidiary companies.
(

610
663

67i>

440
728
648
839

Chicago Union Traction Co

182
International Tract. (Butlalo, etc.) 648
New York & Oueens to
892
Union Traction
6(9
United Traction Co. (Albany, Ac). 664

380,029,170 372,651.673 328,406,214

Total assets

—

Liabilities
Stoofc, 1st pref.,non-oumulative. 47,892,400
••
2d pref., non-cumulative.. 16,000,000

& San

Francisco Railroad.

( Report for year ending June SO, 1902

The company's sixth annual report is given at considerable
length on pa^es 852 to 856 of to-.1ay's Chronicle, embracing
the remarks of President Yoakum, comparative tables of
earning?, and balance sheet for two years past, etc. As the
results now compiled include the operations of the Kansas
City Fort Scott & Memphis, no proper comparisons other
than those given in the report are possible. Oar usual fouryear tabulations are consequently omitted. V. 75, p. 733,

—

612.

Erie Railroad.
f Report for year ending

June

1

to subsidiary companies
Reserve funds
Penn. Coal Co. sinking fund
Int. on bonds due and unpaid
Rentals due and unpaid
Dividend on 1st preferred stock..

Due

fay-rolls

SO,

1902. J

Extracts from the report of President Underwood will be
found on pages 859 to 862. Below is published a comparative statement for several years of the operations, earnings, charges and the balance sheets :

42,«82,800
16,000,000
112,367,400
105.157,600
23,960,500
12,30i,000
5.000
346,052
431,725
2.133.325
1,160,080
1,358,879
1,011,828
100.000
17,692
292,4b6
48,919
100,74
1.636,849
1,666,184
146,896
145,684

47,892,400
16.000.00J
common
112,378,900 1 2.378.900
142,671,600 139,843,000
Bonded debt. Erie RR. Oo
'•
leased lines..
23,960.500 2 5. 9< 0,600
"
••
Oh. &E. RR. Co.... 12,300,000 12,300,000
5,000
Redeemed bonds held for exohg'e
Construction obligations
536,177
421,204
763,325
771,400
Mortgages on real estate
5,619,454
3,805.145
Equip, trusts, new Erie RR
N Y. L. E.&W.RR.
578,130
857,230
N. Y. P. <& o. RR..
l,105,2t)4
1.V35.135
1,614,978
1,557,969
Int. and rentals accrued, not due
C> >ntlngent special tax
•«

St.

233,396
245,106
42,592

298,479
72,118

.

New England Cotton Yarn
341
N. Y. Cent. & H. R. RR
...727, 737
New ifork Dock.
...
610
New York New Haven & Hartford 729
New York Ontario & Western 495, 605
Norfolk & Western
494, 501
N' rthern Pacific
731
Nova Scotia Steel A Coal
392
Oregon Short Line (abstract of 4
p. c a d part ni <atluggold mort.) 243

Page Woven Wire Fonce
ment April 1, 1902)

8,582,778
186,979

1,274,830

9,844,426
161,958
236,641
21,509

10,695,328

Pao*

609
4»5
Sault Ste. Marie.... 780
Missouri Kansas * Texas
608
23>
Montreal Light Heat <* Power
"30
Nashville Chatt. <* St. 1a >uis
Nat. AspnaltCo. of America statement for years 1900 and 1902
183
Nat. Enameling & Stamping
341

Minn.

1898-99.

$

Netearnings
12,717,834
Income from invest.
241.934

an index to all annual
reports of steam railroads, street railways and miscellaneous
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
Railroads. Etc.—
Alabama Great Southern

1900 01.
$

1899-00.

Receipts—

Auditing vouchers
Due connecting Hues
Miscellaneous
Profit

and

Total

loss

liabilities..

-V. 75, p. 441,392.

389,8-4
306,401
1,725,361
153,765
718,386
1,387,724
1,259,786
159.884
67,734
8.449,615

1.385.873
1,921,051

200,177
70,426
6,278,030

1,306,145
2,039.933
232,473
73,669
3,454,874

.380,029,170 372,651,573 328,406,214

—
October

J

I

:

:

THE CHRONICLE.

18, 1902.]

847

CONSOLIDATED BALANCE SHEET JUNE 30.
Chicago Burlington & Quincy Railroad.
1902.
1901.
1900.
(Report for the year ending June 30, 1902. J
9
$
Assets -"
8
88,299,310 86,565,406 85,984,978
The annual report of this company for the fiscal year 1901-2 Cost of road, etc
374,883
22,841
Add'ns and bett'mnts not distrlb.
86,778
is given on pages 857 to 859, embracing the remarks of Mr.
George B. Harris, the President, and the balance sheet and Advances for construction
5,417,703
5,181,635
Brooklyn City RR Co
5,018,105
income account.
1,783,715
1,118,276
Nassau Electrlo Co
Isl. RR.
203,992
149,904
ld§",427
Prospect Park & Coney
The results for three years are given below
880,^87
Brooklyn Union Elevated RR...
OFEBA.TIONS AND FISCAL BESULTS.
4,005,755
4,005,755
fund
4.005,755
:

Miles oper.

Jane 30t

Equipment* —
Engines
Passenger equipm't

1901-02.
8.045

1,175
1,017
44,628

190001.

1899-00.
7,661

7,912

951
810

1,155
1,005
43,566

1898-99.
7,419

951
805
36,836

37,730
Freight & niiso. oars
Optraiions—
Pass'rs (rev.) lmile.600,136,909 533,186,204 469,256,338 448,456,418
2-20 ote.
2-16 ots.
210 ots.
RaceperpaBS.perm. 212 ots.
Tons freight 1 ruile.4613072546 387052*358 3793008334 3373480389
0-862 ots.
0851 ots.
861 ots.
Rate per ton per m. 0'772 ots.
$6,405
$6,252
Grossearns per mile
$5,942
$6,634

Earnings —

Freight

Passenger
Mail and niiacell's..

$
36,072,080
12,857,267
5,865,899

32,557,999
10,384,4u8
4,593,013

33,662,221
11,624,'; 46

4,765,022

29,270,942
9,469,018
4,(549,465

53,795,246

50,051,989

47,535,420

43,389,425

7,786,364
Main, of equipment 7,430,935
Conduct's transp'n. 17.^36,772
Taxes
1,673,037
1.455,768
General

8,676,029
6,094,873
16,179,511
1,627,017
1,491,478

8,109.583
5,499,356
14,992,150
1,605,503
1,215,749

6,323,774
4,788,194
14,026.096
1,589,834
1.412.&66

Total

Operat. expenses —
Malnt'oe of way. &o.

Guarantee
Treasury bonds and stock
Current assets
Due from oomp'ies and indlvids.
Prepaid acoounts

255,228

255,228

5,659,228

336,606
79,085
536,733
Coal and supplies
1,589,756
Cash
533,426
Acoounts reoelv. and misoeUan's.

197.137
147,539
440,883
4,719,956

311,904
34,261
516,609
1,470,288

roads.

Bonds

Receipt 8—

189900.

1900-01.

$

1898-99.

$

18,112,370
Netearnlngs.
250,629
Other income & Int.
90,176
Landdept'm'treo'ts

15,983,081
260,242
120,655

18,453,175

16,363,879

16,495,273

15,741,7*2

7,253,106
493,827
623,131
*8,819,722

7,421,979
327,893

7,744,545
334,567
487,400
5,829,678
(6%)

8,102,902
386,825
523,755
5,238.371
(6%)

14,396,190

14,251,853

Total

Deduct—
Interest on bonds..
Rentals
Sinking funds
Dividends
Rate of dividends.

16,113,078 15,253,960
311,204
402,148
70,991
85,679

488,600
6,652,558
(6*2%)

17,189,786

Total

14,891,030

Balan ce, surplus.. ..
1,263,389
1,472,849
2,099,083
1,489.929
* Of this amount $8,606,120 was applied directly as interest on the
No. Paolflo-Great Northern joint bonds, as a matter of oonventenoe.

BALANCE SHEET JUNE

Accrued interest
Aocrued rentals
Accrued taxes
Audited vouchers
Accounts payable

and

1900.

340,945,259

325,155,030

296,S05,615

Capital stock
110,800,600
Bonds (see Invest. Supp'm't). 152,072,400

110,577,700
147,204,300
50,753
509,606
280,015
1,677,669
2,039,403
3,974,613
865,079
21,599,245
10,000,000
17,217,349
9,159,298

98,447,500
135,899,100
73,052

—

•

Coupons unpaid
Bur. relief department fund..
Fire Insurance fund
Replacement fund
Interest due July 1
Vouchers and pay-rousl..... ..
Sundry current acoounts
Sinking funds
Renewal fund
Income account
Profit

and

Total

—V.

loss

75,467
556,890
340,245
1,673.564
2,109,300
5.612,950
4,543,932
20,35^,290
10.000,000
19,785,021
13,022,599
340,945,259

liabilities.

$

loss,

1,904,915
1,817,212
3,524,748
20,375,366
10,000,000
15,722,392
9,041,380

325,155,030 296,805,615

7o, p. 793, 665.

CONSOLIDATED INCOME ACCOUNT.
1901-02.

Freight, mail, etc

Advertising

Rent track, etc
Rent land, etc
Miscellaneous

$
12,321,265
64,902
124,458
97,05
93,248
85,247

1900-01.

1899-00.

$

8

$

11.718,942
58,394
122,501
100,226
67,595
67,901

11,206,716
61,305
108.783
96,490
70,763
224,493

10,793,984
36,791
109,487
140,811

1898-99.

.103,797,181 102,804,5 SO 103,195,320

liabilities

Pacific Coast

Total

12,788,168

12,135,559

Malnt. way & struct*.
567,059
Malnt. of equipment, 1,160,999
Operat. power plant. 1.262,429
Trainmen's wages... 2,605,330
975,561
Op. of oars— mlscell..
Dam'ge & legal e'xps. 1,094,745
General expenses
643.274

378,800
891,986
1,019,686
2,414,082

Total
Net earnings

7,216,008

8.209,397
4,578,771
Taxes
742,817
Fixed charges
3,732,633
Special appropria'ns.
84,428

Total

Balanoe

895.120
1.157,593
458,761
4,519, 555

754,626
3.587.122
228,678

11,768,550

Chronicle.

of to-day's

—The earnings and expenses, income account and

Statistics.

balance sheet have been as follows
EARNINGS AND EXPENSES FOB YEAR 1901-02.
:

Department

Qross
earnings,

—

Expenses

and

$

Pacifio Coast Steamship
Collier Willamette
Rail lines —
Pacifio Coast Rf Co

Co

taxes,

Net
earnings.

$

$

3,300,208

450,411
def. 667

122,272
Puget Sound RR. Co... 559,957
22,414
Port Townsend Southern RR. Co
Coal department
1,017,528
Lumber, grain, etc
52,700

79,830
42,442
231,081
328,876
30,292 def.7,878
704,396
313,131
90,323 def.37,634

Columbia

2,849,797
def. 871
def.205

&

5,074,207

Total

3,985,516

1,088,691

INCOME ACCOUNT— ALL COMPANIES.
1900-01.

1899-00.

1898 99.
$

s

s

Gross earnings
5,074,207
Op. expens.&taxes.3,985,516

5,137,546
3,986,676

5,290,443
3,885,660

4,893,483
3,785,482

Net earnings. ...1,088,691
discount* miso.
41,114

1,150,870
52,849

1,404,783
47,071

1,108,001
28,008

Total net lnoome.l, 129,805

1.203,719

1,451,854

1,136,009

222,300
200,000
25,928
16,376

222,300
200,000
20,643
19,163

222,300
200,000
27,348
19,184

980,854
148,951

978,356
225,363

1,014,676
437,178

s

Int.,

Deduct—
Interest on

222,300
125,000
21,699
16,656
9,907
21,723
(2ig) 38,125
Dividend on 1st pref. (5) 76,250
(5) 76,250 (55 12 ) 82,604
"
" 2d pref. (4) 160,000 (4) 160,000 (4i s 173,333 (5) 200,000
"
" com.... (4) -J80.000 (4) 280,000 (4) 280,000 (3) 210,000
bonds....

Depreciation fund...
Improv't. equip., &o.
"Exhaustion fund"..
Uncolieot'1 accounts

Total
Balanoe, surplus

855,508
280,506

CONDENSED BALANCE SHEET —ALL COMPANIES—JUNE
1902.

30.

1901.

1900.

Assets—
$
Property (Including stooks and
bonds of proprietary oomp'nies). 16,613,568 15,456,461
Bonds and stock in treasury
391,200
391,200
Cash
1,589,442
2,024,989
Aooounts receivable
221,314
181,683
Agency aooounts
299,899
330,943
Materials and supplies
186,876
213,122
Miscellaneous acoounts
4,189
3,455
Advances to subsidiary oomp'nies
269,670

14,995,432
391,200
2,238,079
481,294
547,249
283,204
45,473
3,691

19,306,489

18,871,528

18,985,622

Supp'm't).. 12,52 5,000

12,525,000
4,446,000

4,446,000
64,180
84,443
Unpaid pay-rolls
116,142
Interest on bonds
18,525
Taxes accrued
.-^
13,022
S8. lmp'v'ts & "exhaustion" fund.
485,001
Miscellaneous...
18,138
Surplus fund of proprietary companies depos. with Pao. Coast Co.
893,682
Profit and loss
1,142,354

i

12,525,000
4,446,000
180,722
125,179
403,047
110,051
140,002
18,525
18,525
8,826
14,455
398,232
200,812
151,683
61,739

1,088,127

1,045,322

18,871,523

18,985,622

234,960
11,316,033

874,947
415,729
983,216
882,183
948,749
964,665
2,490,224 >
3,593,367
1,061,252 J
738.837
913,292
582,175
379,028
7,106,408
4,662,207
736,721
3,398,684

Company.

(Report for year ended June SO, 1902. J
Extracts from the annual report are given on pages 862 and

Total

Expenses—

623,426

75, p. 183, 135.

Brooklyn Rapid Transit Company.
(Report for the year ended June 30, 1902.
The remarks of President J. L. Greatsinger and a comTotal assets
parative statement of earnings and expenses will be fonnd
Liabilities—
on pages 863 and 864 of this issue of the Chronicle.
Stock rsee Investors'
A comparative statement of Brooklyn Rapid Transit and First mortgage bonds
constituent companies for years ending June is as follows: Aooounts payable
Unpaid vouchers.
Receipts—
Passengers

68,011
40,000
991,444

surplus

226,725
1,000,000
180,181
116,578
686,140
596,052
641,397
110,106

254,079
90,611
777,782
833,243
656,006
25,277
7,489
27,581
972,550

1,070,480
376,684

1901-02.

1901.

Assets—
$
$
$
Cost of road and equipment.. .294,277,364 / „„., nQQ „.„ „ flQ Qa _ .„„
*va,wy,»ba zoy.vm.m
Securities of controlled roads.
7,060,108 \
Sundry Investments
7,910,308
4,394,804
3,614,294
Materials on hand
3,546,037
3,943,269
3,476,611
Sinking funds
...... 12,673,355
13,939,946
13,15^,469
Sundry available securities.... 1,018,000
54,400
166,488
Acoounts and bills receivable. 6,348,990
5,190,762
3,254,664
Cash on hand
8,111,097
4,532.795
3.250,667
Total assets

-V.

46,540,675

197,725

o^i^j
80/,ioo^

)

Miscellaneous
Insurance fund
Profit

46,438,175

142,100

Real estate mortgages
Loans
Contingent liabilities

30.

1902.

Liabilities

47,717,305

street Ry. Supp'm't.. 52,524,000 52,524,040 52,474,040

(see

and 863

INCOME ACCOUNT.
1901-02.

—

Capital stock

Total

34,068.908 31,422,342 28,135.465
(66-10)
(64-81)
(66-33)
P.o.op.exp. to earns.
(6807)
18,112,370 15,983,081 16,113,078 15,253,960
Net ea rnings
• Operations and equipment do not embrace narrow-gauge roads,
t There were, June 30, 1902, 229 miles additional of narrow-gauge

35,682,876

Total

103,797,181 102,804,560 103,195,320

Total assets
Liabilities

7,221,291
4,094,742
636,635
3,659,988

4,559,878
4,570,426
4,296,623
4.135.405
eur.18,893 sur.349,125 sur.526,772 def.201,881

liabilities.

.19,306,489

-V. 75, p. 796.

GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Albany & Hudson Railway & Power Co.—Receiver. —
Justice D. Cady Herrick, at Albany on Oct. 10, on application
of the Colonial Trust Co., as trustee, appointed George T,
Blakeslee of Kinderhook receiver for the company.
Deposits.— committee consisting of Clinton L. Rossiter,
Poster M. Voorhees and Horace E. Andrews, and representing the owners of more than a majority of the bonds, request
the deposit of bonds on or before Nov. 1 upon the terms of

A

—

THE CHRONICLE.

848

LXXV.

[Vol.

an agreement dated Oct. 9, 1902. at the office of the Colonial who has thought and studied deeply on social questions and has practically applied his knowledge
Trust Co., No. 222 Broadway, New York City.
Mr. Thomas H. Watkins, Soranton, Pa., as a man practically acThis Commi tees' plan of Ost 9 (which replaces that in V. quainted with the mining and selling of coal.
Bishop John L. Spalding, Peoria, 111.
74, p. 678) calls for the deposit with the Trust Company of
the existing securities ($2,500,000 each of stock and 5 per
The President added Bishop Spalding's name to the comcent bonds and also of the 5 per cent notes given for coupons mission. The Hon. Carroll D. Wright, Commissioner of
due Sept 1, 1901) and the creation of the following new L*bor was appointed Recorder of the commission. V. 75, p.

—

securities:

792, 732.

Mortgage 40- year gold bonds, bearing interest at
the rate of 4 per oent during the first three years and 5
$2»000,000
per oent thereafter. Total authorized issue
Of which issuable as part consideration for existing
1,500,000
bonds
Reserved to provide for future extensions, improvements
and betterments under restrictions to be set forth in
500,000
the mortgage
Five per cent non-cumulative preferred stock, preferred as
to dividends and also as to assets in case of dissolution. All issuable as part consideration for existing

Arkansas & Choctaw Ry.— New Navie. The company is
reported to have filed an amendment to its charter changing the name of the corporation to the St. Louis San Francisco
New Orleans RR.—V. 75, p. 76.

—

First

&

Atlantic

after the payment
the preferred stook. Total

Common stock, entitled to all dividends

of 5 per cent dividends on
authorized
Of which Issuable in settlement of claims, say
Reserved in the treasury

1,000,000
5i0,>

(0

500,000

Each of the present bonds together with

its

RR Report— The

Line

results

of

&

1,000,000

bonds

Coast

the consolidated system for the year ending June 30, including the Savannah Florida
Western, compare as follows:
year—
Other inc.
Charges.
Net.
Bah, sur.
Gross.
1901-02. .$16,8t>8,995 $6,407,083 $22 ',519 $3,lb8, 467 $3,468,135
1900-01.. 15,665,023
258,824
3,009,115 2,744,316
6,495,108
From the balance as above in 19012 were paid dividends
amounting to $1,862,169, leaving surplus for the year of
§1,605,965.—V. 75, p. 792, 732.

Bedford

coupons and

&

Hollidaysburg Ry.— Successor Company.—This

company has been organized wi h
the Railway Company deposited

f
$300,000 capital stock as
successor of the Pennsylvania Midland RR. whose property
was recently sold under foreclosure to the Pennsylvania RR.
Co. (V. 75, p. 733).
Simuel Re a. Fourth Vice President of
the Pennsylvania RR,, states that the railroad will be completed at an early date, provided that the property owners
will donate the right-of-way and station grounds free of cost.
Bellingham Bay & Eastern Ry.- Sold.— Tais line 23 miles
in length, extending from Wickersham, Wash., to Fairhaven
and Whatcom, has been sold to the Northern Pacific Ry. Co.

notes for past due coupons of
will be convertible into 60 per cent, or $600, in new bonds,
and 40 per cent, or $400, in new pref, stock upon a cash payment of not exceeding $20 for each bond deposited. Such
payments shall be made to the Colonial Trust Co. in instalments on ten days' notice from the committee. Unsecured
creditors who shall file with the trust company assignments
to the committee of their claims against the Railway Company shall be deemed to assent to this plan of reorganization;
$500,000 or so much thereof as may be necessary, of the common stock will be used for the payment of claims so filed,
pro rata, to the amounts thereof as audited and allowed by
the committee. The amount due unsecured creditors is

about $490,000.
Report.— Results for the year ending June 30 were:
Balance
Charges.
Net.
Oth. inc.
Gross.
Tear—
1901-2
1900-1

$159,260
102,810

$35,315
10,936

$31,629
19,576

$191,996 def.$125,05^
146,339 def. 115,827

During the year 1900-1 the road was in operation from Nov.
The operating expenses in 1900 01 also include
payment for extensive damage claims arising out of accident
in May, 1901.— V. 74, p. 678.

22, 1900, only.

Anthracite Coal Roads.— Arbitration.— On Oct. 17 Mr. J. P.
to Washington with his partner, Mr. Bacon,
at the request of the coal companies and laid before the President a full statement as to the position of the companies
and their willingness under certain conditions to snbmit to
arbitration. Condetised extracts of this statement follow

Morgan went

:

There are in the anthracite regions about 75 operating companies
and firms, and 147,000 miners and workmen (of whom 30,000 are
under age), comprising some twenty nationalities and dialeots. Of
these workmen, possibly one-half belong to the United Mine Wcrkers
Union, of which Mr. John Mitchell is President. That organization
was originally formed in the bituminous coal regions, and threefourths of its members are miners of bituminous coal. From 17.0C0
to 20,000 men are now at work. Many more have wished to work, but
have been prevented by violence and intimidation.
The coal companies believe that the wages paid in the ooal regions
are fair and all that the business In its normal condition has been able
to stand if the capital invested is to have reasonable return. They are
not willing to enter into arbitration with the Mine Workeas' Union,
an organization chiefly oomp'psed of men in a rival and competitive interest. Thev do not <lisorimina n against the United Mice Workers
but they Insist that the Miners' Union shall not discriminate ajratost
or refuse to work with non-union men that there shall be no reetrlotlon or deterioration in quantity or quality of work, and that owing to
r

;

the varying physical conditions of the anthraolte mines, each colliery
is

a problem by

itself.

The statement then suggested that a commission be ap
pointed by the President of the United States to which shall
be referred all questions at issue, " it being the understand
ing that immediately upon the constitution of such commission, the miners will return to work and cease all interfer
ence with and persecution of any non-union men who are
The findings of this
working or shall hereafter work.
commission shall fix the date when the same shall be effective and shall govern the conditions of employment between
the respective companies and their own employes for a term
of at least three years."
The statement stipulated that the commission should consist of five men haviug certain specified qualifications. After
these qualifications had been slightly modified so that the
interests of erf an zed labor were represented, President
Mitchell of the United Mine Workers gave his personal ap
proval to a settlement of the issues involved in the strike by
the commission and recommended that an immediate call
be issued for a convention to declare the strike at and end.
This convention *illbebeld in Wilkesbarre, Penn., beginning at 10 a. m., Monday, Oat. 20. The men are expected to
return to work Dext week.
The commission appointed is as follows :
Brig. Gen. John M. Wilson, United States Army, retired (late Chief
of Engineers, United States Army), Washington, D. C, as an ollioer of
the Engineer Corps of either the military or naval service of the United
States.

Mr. E W. Parker, Washington, D. C, as an expert mining engineer.
Mr. Parker is chief statistician of the coal division of the United States
Geological Survey and the editor of The Engineering and Mining
Journal of New York.
Hon. George Gray, Wilmington, Del., as a Judge of a United States
Court.

Mr. E. E. Clark, CetUr Rapids. Iowa, Grand Chief of the Order of
Railway Conductors, as a sociologist, the President assuming that for
the purpose of suoh a commission the term sociologist means a man

V. 72,

'

p. 775.

Buffalo Rochester & Pittsburg Ry.— Called Bonds.— See
Rochester & Pittsburg Coal & Iron Co. under "Industrials"
below.— V. 75, p. 441, 341.
Central of Georgia Ry. —Locomotive Trusts. Eleven tenwheel locomotives have been acquired through Biair
Co.,
of New York for $165,041, [of wuich $35,041 is to be paid
upon their delivery and the remainder is represented by &%
per oent equipment trusts dated Oct. 1, 1902, and payable in
ten consecutive semi-annual instalments of $13,000 each.
New Securities.— See Chattahoochee & Gulf RR. below.—
V. 75, p. 439, 393.
Central Vermont Ry.— New President. Charles M. Hays
of Montreal was elected President on Oat. 14.
Earnings. The results for the fiscal years ending June 30,
1902 and 1991, are reported as follows:

—

&

—

—

Net

Gross
Fiscal
earnings.
year.
IhO -02. ...$3,400,432

earnings.

Chattahoochee

charges.

$660,801
662.297

1900-01.... 3,262,134
-V. 73, p. 1261.

Other
income.

$10,560
10,400

$6«/,'62
669,893

Fixed

& Golf RB.— Extension. —New

—The shareholders will vote Nov.

Balance,
surplus.
$4,099
2,804

Securities.

upon a propo-ed extension of the road for a distance of 24 miles beyomi Sellersville,
Ala.; and the payment therefor by an additional issue of
the bonds and capital stock.— V. 72, p. 820.
Chicago Indiana & Eastern Ry .— New Stock.— A certificate
has been filed of an increase of the capital stock from $420,000 to $1,000,000, to provide for construction purposes. The
road extends from Converse, lad., to Muncie, 43 miles, and
in Oct., 1901, was under construction from Mancie to Richmond, 3t5 mile*. Projected from Chicago, 111., to Columbus,
O., and from Richmond, lnd. to Cincinaati, O.— V. 74, p. 936.
Chicago Milwaukee & St. Paul Ry.— Union Pac fie Traffic
Contract. — A traffic agreement has been entered into between the St. Paul and the Union Pacific which becomes
operative at once and can be terminated on notice. The
agreement gives the St. Paul the same facilitus over the
Union Pacific and Central Pacifio to the Pacific Coast as are
enjoyed by any other company, and will permit the running
of ihe St. Paul trains for both passenger and freight service
from Chicago through to the Pacific Coast. This agreement
is understood to have been brought about through the reported negotiations for a traffic alliance between the St. Paul
and the Missouri Pacific the latter agreement was not con8Uinated and is now abandoned. No mention is male of any
recent change in traffic relations with the R >ck Island.
Rumor of Rights. The sharp advance yesterday in the
price of the common stock was accompanied by a renewal of
rumors of coming valuable rights in connection with the
issue of new stock which was recently authorized by the
shareholders. The officers of the company are reticent with
reference to any plans they may have for putting out the new
12

;

—

ehares.

—

Coal Lands. The management has purchased the coal
rights on 36,000 acres of coal lands in Illinois at eleven dolThe lands are located
lars an acre, for about $400,000.
in Putnam, Li Salle, Bureau and Henaepin counties, west
and southwest of the city of La Salle, in what is known as
the La Halle coal district, containing the best grade of Illinois coal.— V. 75, p, 793, 732.

Cincinnati Hamilton & Dayton Ry — Exchange of Bonds.
—The shareholders on October 14 authorized the directors to
take such action as they see fit with regard to the exchange
Indianapolis and the
bonds of the Cincinnati Hamilton
Indianapolis Decatur & Western for the new bonds of the
Cincinnati Indianapolis & Western RR.
of

&

;

October

—

s

THE CHKONICLE.

18, 1902.]

Report.— The results for the year ending June 30 compare
as follows:
Charges. Div.onpref. Bal.,sur.
$L,070,845 $38^,224 $5 8,039
l,040,6o7
389,211
367,154

Net.

Gross.
Tear.
1901-02. ...$6,35-,164
5,837,916
1900-01
-V. 75, p, 239.

—

:

$2,018,108
l,80ti ( 002

849

-

Massachusetts Electric Companies.— Increase in Stock of
Subsidiary Companies.—The Massachusetts Railroad Commission has approved an issue of $948,700 stock of the Old
Colony St. Ry. Co. at $110 per share and $1,797,300 Boston &
Northern Street Ry. Co. stock at $130 per share. The new
shares are allotted as follows

:

Cincinnati Indianapolis & Western RR.— Exchange of
Old Colony issue— $456,900 to pay floating debt; $301,000 for additfc r power plant
Bonds.— See Cincinnati Hamilton & Dayton Ry. above.— V. ional rolling stock and eleotrioal equipment; $116 300$30,000 for oar
equipment; $43,600 for extension in Qulncy, and
75, p. 732, 497.

Detroit & Mackinac Ry.— Earnings.— The results for the
years ended Jane 30, 1902, and 1901 were:
Net
earnings.

$862,192
865,747

$281,900
275,362

$163,177
160,919

Balance,

charges.

190102
1900-01

—V.

Fixed

Gross
earnings.

Fiscal
year.

surplus.

$118,723
114,443

74, p. 1088.

& Electric Co,— Listed in Boston.— The Boston Stcck Exchange has listed the $1,800,000 preferred stock
5 p. c. non-cumulative and the $5,000,000 common stock, both
in $100 shares. The Old Colony Trust Co. is the transfer
agent and the City Trust Co. registrar.— V. 74, p. 987.
Georgia Ry.

house at Qulncy.
Boston & Northern issue—$951 ,300 to pay floating tf ebt and for improvements; $378,500 for new rolltne stock and electrical equipment;
$226,700 for new power stations at Lowell and Woburn; $15,400 additions to car house and $225,400 for certain extensions.
The Massachuse ts Electric Companies will take substantially all of the new stock, $5,500,000 of its own stock having
been sold some months ago against such expenditures.— See
V. 74, p. 1355, 1196.

Missouri Pacific Ry.— iVb Traffic Alliance.— See Chicago
Milwaukee & St. Paul Ry. above.— V. 75, p. 666, 611.
New Orleans Railways.— St7 ike Ended— The Carmen
Union on October 12 voted unanimously to accept the GovGeorgia Southern* Florida Rj— Ratified,- The share- ernor's ultimatum ard to return to work on the following comholders on Oct. 17 ratified the purchase of the Atlantic Val- promise basis, viz.: Wages at a scale of twenty cents an hour
with the assurance of ten hours' work a day, the company to
dosta & Western RR.— V. 75, p. 732, 608.
whatever to any of the strikers. It is
Bonds.— This company make no exception passenger has been carried since the
Greensboro (N. C.) Electric Co.—
said that not a single
has issued $36u.OOO of first mortgage 5 per cent gold bonds, strike began on September 28.— Compare V. 75, p. 733, 442.
dated April 1, 1902, and secured by mortgage for $400,000 to
New York Susquehanna & Western RR.— Report.— The
the North American Trust Co. as trustee. The bonds are
years results for the year ending J one 30 were:
due in 30 years, but are subject to call after 5 (or 10)
Oth. income.
Bal., mr.
Net.
Charges.
Cross.
Tear—
at 105. Stock, all common, $2i0,000 in $100 shares. The
$924, 0O8
$221,359
1901-0?..
company owns all the gas, electric and street railway proper- 1900-01.. $2,583,928 $1,113,345 $32,622
1,047,249
29,570
146,581
930,238
2,504,887
ties of

The President is Jno. Carr; Secretary, -V. 73, p. 441.
M. D. Barr, 29 Broadway, New
Norfolk & Western

Greensboro.

Z. V. Taylor; Treasurer,
York.—V. 74, p. 1199.

Havana

Electric

6 Jaimanitas RR.

Ry.— Possible Competitor.— See Havana
below.—V.

Havana & Jaimanitas

—

550, 503.

74, p. 1251.

(Electric)

RR. of Cuba.— Under-

writing. W. J. Hayes & Sons and Denison, Prior & Co.,
both of Cleveland, are offering by advertisement until noon
to-day the underwriting of this company which was recently
incorporated under the laws of the State of Delaware and has
let contracts for

the construction of 14 miles of electric road,
in Havana to Jaimanitas, with a

from the Public Square
spur to Mariano.

The company's capitalization is as follows : Authorized
stock, all of one class and full paid and non-assessable,
$1,500,000 first mortgage 6 p. c. $1,000 gold bends $1,500,C00,
New York Security
of which $800,000 are now to be issued.
Trust Co., New a York, mortgage trustee. The bonds are
dated Oct. 1, 1902, and due Oct. 1, 1932, but subject to call
after Oct. 1, 1907 at 110 and interest. The interest is payable
semi annually (April 1 and Oct. 1) at the New York Security
York, or at the National Bank of Cuba,
Trust Co. ,
Havana. The bonds and the interest are both payable in
United States gold coin. Subscrip' ions for $800,000 of these
bonds are beiDg received at 90 and interest with 50 per cent
stock as bonus.
The following from Cleveland is stated to be correct
The company has 4 miles of franchises and rights of wav in Havana;
the balance of the right of way is owned in fee simple. At Jaimanitas
lathe only sand beach capable of being reached by railway from
Havana and the company is therefore confident of doing a large excursion business. Tue construction will be of the highest American
standard, and will be finished within 18 months. The building of this
14 miles is Intended to be the beginning of a large system of railways. Although Havana has 27f>,000 people, being about the same
size as .New Orleans, it has but 37 miles of street railway.
;

&
&

New

The

W.

J.

H. W. Whipple, of New York, President;
Hayes, of Cleveland, Vice-President, and Q-. W. York,
officers are:

of Cleveland, Secretary

and Treasurer.

—

Illinois Central RR. Purchase Approved.— The shareholders on Oct. 15 approved the acquisition of the several
lines now operated by the company under lease as shown in
V. 75. p. 393, being 1,091-37 miles.

—

Directors. Cornelius Vandeibilt has been elected a director for four years, vice J. D. W, Cutting, who declined
re-

election.— V. 75,

Lehigh Valley RE.— Report.— The end of the fiscal
having been changed from Nov. 30 to June 30, the present
report is for the seven months ended June 30, 1902. The report estimates the loss of traffic by extraordinary floods and
by the subsequent strike in the anthracite coal region at not
less than $3,000,000, viz.
From Btrike, $1,920,000; floods,
:

In addition, the cost of repairing flood damages is estimated at $886,000, of which
$562,000 is included in the expense of operation for the fiscal year.
The results for the full years ending June 30, 1902 and
1901, are also reported as follows

$1,080,000.

:

1902.

Net earnings
Taxes and depreciation

Total Income
Deficit
74, p. 883.

-V.

0136

1901.
$23,482,567
18,668,024

Changes.
$7&9,697
7.984,094

I.

and charges

$4,814,543
813,480

D. $194,407

688.126
$3,932,010
1,0:9,368

Total net

Otherlncome
Interest, rents

$24,272 254
19,652.118

$4,001,063
1,081,371

D. $69,053
If. 2,003

$5,011,378
6,344,155

$5,0-2,534
6,180,847

Z>.$71,166
J. 163,303

$1,332,777

$1,098,313

t,

$4,6

Northern Pacific Ry. Purchase.— See Bellingham Bay &
Eistern Ry. above.— V. 75, p. 733, 667.
Northern Railway of Costa Rica.— Guaranteed Bonds.
Devens, Lyman & Co. of Boston are offermg at 98 and interablook of the 5 p. c. first mortgage bonds. $1,516,000 outstanding, interest and sinking fund guaranteed by the United
Fruit Co. The road is about 90 miles long, standard gauge,
rails 60- lb. steel.— V. 71, p. 1067, 437.
Northern Securities Co.— Merger Suit.— The United States
Supreme Court at Washington, D. C, on Oot. 14 gave the
defendant companies in the merger suit of the State of Washington thirty days longer to file an answer.— V. 75, p. 733,

—

611.

Oakland & San Jose (Electric) RR.— Mortgage— The
shareholders will vote Dec. 19 on a preposition to issue
$3,000,000 bonds. The company was incorporated last spring
by the Realty Syndicate interests to build a 50 mile extension of the Oakland Transit Consolidated. See that company
in V. 74, p. 830.
Old Dominion Street Ry., Portsmouth, Va.— New

—The following new officers are announced

Officers.

:

President, R. Lancaster Williams; Vice President, Leigh R. Watts;
General Manager, E. C. Hathaway Secretary, Wallington Hardy V.

—

;

75, p. 442.

Ottawa Northern

& Western RR.— New Bonds.— The

shareholders will vote Nov. 3 on issuing the new bonds referred to last week under Canadian Pacific Ry. See V. 75,
p. 793, 732.

Pennsylvania Midland

RE.— Successor.— See

Hollidaysbury Ry. above. -V.

Bedford

&

75, p. 733.

—

Port Jervis Monticello & New York kk.— Foreclosure.
Supreme Court Justice Dickey in Brooklyn has confirmed
the referee's report computing the amounts doe on the first
and second mortgages as $284,186 and $35,550 respectively,
and has ordered the propertv to be sold at Port Jervis. The
upset price

is

$250,000.—V. 70,

p. 946.

Reading Co.—Bonds Canceled.— The last of the Reading
Coal & Iron Company's $132,000 Little Schuylkill Navigation RR. & Coal Co. 6 p c. bonds fell due and were paid
year on Oct.
1.— V. 75, p. 790, 797.

p. 670, 663.

Gross earnings
Operating expenses

RR.—Ratified.—The shareholders on
Oct. 9 approved the several propositions submitted to them,
including the acquisition of the lines mentioned in V. 75, p.

D. 125,354

$234,464

Railway, Light & Power Co.— Called
$150,000 6 p. c. bonds issued in 1890 by the Rockford City Street Ry. Co have been called for payment on

Rockford
Bonds.— The
Nov.

1

(111.)

next.— V.

67, p. 1056.

Louis Belt and Terminal Ry.—See Terminal RR. Association below.— V. 74, p. 776, 681.
St.

St.

Louis San Francisco

& New

Orleans

—See Arkansas & Chootaw Ry. above.

Sioux City Traction Co.— See Swift
below.—V. 70, p. 947.

RR.— New Name.

& Co.

under "Indus-

trials"

—

Southern Ry. Time Extended. The time for stamping
the stock trust certificates in accordance with the extension
agreement of Aug. 27, 1902 (now operative), has been extended until further notice. See advertisement on another
page.
Directors. At the annual meeting of stockholders on Tuesday, Charles Lanier and Edmund D. Randolph were elected

—

directors to
as follows

fill

vacancies.

The directors

are

now

classified

—

— —

—

:

THE CHKONICLE.

850

First class, for one year, Alexander B. Andrews, Joseph Ryan,
Robert M. Callaway. Samuel M. Inman; seoond olass, two years,
Adrian Iselln Jr., Charles Lanier, Edmund D Randolph, James T.
Woodward third class, three years, Harris C. Fahnestook, William
W. Finley, Samuel 8pencer, Charles Steele-V. 75, p. 794, 734.
;

Sloughton

& Randolph Street Ry.—Sale

Again Postponed.
it. 29.— V. 75, p.

—The receiver's sale has been postponed to O
612, 443.

[Vol.

LXXV.

INDUSTRIAL. GAS AND MISCELLANEOUS.
Amalgamated Copper Co.— Dividend of Controlled Company.— See Anaconda Copper Co. below. The dividend declared this week by the Amalgamated Company was at the
same rate as those for the two preoediDg,quarters, viz., % of
1 per cent— V. 75, p. 136, 133.
American Bicycle Co.— Receivers' Certificates.—United
States District Court Judge Andrew Kirkpatrick, at Newark,

Suffolk & Carolina Ry. Authorized. —The shareholders
on Oct. 6 ratified the proposition to change the road to stand- N. J., on Oct. 10 authorized the issue of $500,000 of receivers'
ard gauge and to build an extension from a point near Bosley, certificates for the benefit of two of the subsidiary operating
N. C, to Elizabeth City, N. C, about 23 miles (see V. 75, p. companies. V. 75, p. 499.
Directors include
136).
American Type Founders' Co.— Profits.—The results for
William H. Bosley, President, J. H. Cottman, Vioe-President E. "H. the years ending Aug. 31, 1902 and 1901, were
Rutherford, Wm. B. Oliver, John S. fcHttings, John M. Denison and C. Fiscal
Gross
Interest
Oommon
Preferred Balance,
H. Tilghman.— V. 75, p. 136.

—

:

;

:

year.

charges.

profits.

dividends,

dividends,

surplus.

1901-02. ...$404,656 $103,129
(4%) $160,000 $15,225 $126,302
Terminal Railroad Association of St. Lonis.—New Stock 1900-01....
419,038
95,568
(4%) 160,000
163,470
and Bonds. The shareholders will vote Dec, 10 on (1) the
The preferred dividend is the first quarterly distribution of
question of increasing the capital stock from $12,000,000 to
l 3^ p. c. on that portion of the $1,000,000 preferred stock is$50,000,000
(2) the question of increasing the bonded indebtedness from $12,000,000 to $50,000,000 (3) amendments sued on April 10, 1902— V. 74, p. 97.
Anaconda Copper Mining Co.— Dividend— A dividend of
to the charter or articles of association and (4) any other
matters which may be submitted. Of the new bonds $12,000,- 50 cents is announced payable Nov. 13 on stock of Oct. 16.

—

;

;

be reserved to retire at maturity the
existing bonds of the association and presumably an additional
will be held to make similar provision for the bonds
$5,500,0
of the Merchants' Bridge Co. and St. Louis Merchants' Bridge
Terminal Co.
The " St. Louis Globe Democrat" says :
It is proposed to reserve $14,000,000 of the new bond issue to provide for future requirements, and the balance will be applied to payment for the recently acquired properties of the Wiggins Ferry Co. <V.
74, p. 942), the Inter State Car Transfer Co. and the St. Louis Belt
& Terminal Ry. (V. 74, p. 681,776) and the improvement and expansion of the terminals, including the plan to avoid the tunnel for
passenger service, the improvements at the Union station, the track
changes in approach to the train-shed, new interlocking plant and
power house, re-arrangement of car-storage yards, and purchase of
real estate for enlargement of the yards. It Is probable that fully
$10,000,000 will be required to place the St. Louis terminals in shape
to meet the demands of traffic during the next three years. The Wiggins Ferry controversy was a costly one for the Terminal association,
but it could not afford to allow that property to pass into other hands.
It is presumed that at the next meeting of the Termlnial board It
will be formally announced that the Rook Island has taken a proprietary Interest in the association. At the same time a report may be
submitted as to the progress of negotiations for the Burlington, the
Chicago & Alton, the Southern and the Illinois Central to enter the
association on a proprietary basis.
The Inter-State Car Transfer Co. operates a car ferry
transfer connecting all railroads terminating at East Sc.
Louis, 111., with all railroads terminating at St. Louis, Mo.

000, it is understood, will

—V.

75, p. 136, 78.

V. 74, p. 832.
California

Gas & Electric Corporation.— Reduction of
shareholders will vote in San Francisco (824
Pine St.) on Dec. 10 on the question of reduciDg the capital
stock from $30,000,000 to $15,000,000, the par value of shares
to remain as now, $100 each.— V. 75, p. 795.
Crucible Steel Co. of America.— Earnings.—The earnings for the years ended June 30 in 1901 and 19)2 were:
Stock.

Fiscal
year.

1901-02
1900-01-

—V.

—The

Net

Dividends

earnings,
$3,503,161
3,490,438

received.

$19,306
30,861

,

— Dividends paid on —

,

Charged

Pref. stock. Parhpref.
off.
$16,689
(7%) $1,760,000
$1,000,000
40,341
(?%) 1,760,000

Balance,
surplus
$786,778
1,730,958

73, p. 82.

Commercial C&ble Co.— President.—Clarence H. Mackay
has been elected President and George G. Ward, Chairman
of the board of directors and of the executive committee.
Mr. Ward continues to be Vice president and General Manager. Mr. Mackay has also been elected President of the
Postal Telegraph-Cable Co. and Pacific Postal TelegraphCable Co.-V. 75, p. 79.
Consolidated Lake Superior Co.— Listed in Philadelphia.
Philadelphia Stock Exchange has listed an additional

—The

$668,300 of preferred stock and $295,400 of common stock,
totals $26,444,500 and $73,427,700, respectively.
The official opening of the plant of the
Official Opening.
Michigan-Lake Superior Power Co. is set for Oct. 25.—

making the

—

V. 75, p. 682, 665.
Detroit (Mich.) Suburban Gas Co
Mortgage.—This commortgage called for by the reorganization plan of the Vir- pany has made a first mortgage to the Dime Savings &
ginia Iron, Coal & Coke Co. (V. 75, p. 398,) has been filed to Banking Co. of Cleveland, as trustee, to secure
$250,000 of
the Morton Trust Co. as trustee.— V. 68, p. 479.
25-year 5 p. c. §1,000 gold bonds. The company was incorporWabash RR. Authorized. The stockholders on Oct. 14 ated in Michigan in October, 1901, with $300,000 paid-in capapproved the purchase of the Boone County & Booneville ital stock, to supply the villages of Delray and Woodmere
and the township of Springwells with illuminating and fuel
RR. (V. 74, p. 1040).—V. 75, p. 686, 663.
gas. The bonds are dated Sept. 1, 1902, and are dne in 1927,
Western Maryland RR.— New Securities Authorized.—The
but are subject to call at 105 and interest; interest payable
shareholders on Oct. 14 passed resolutions authorizing an
Mar. 1 and Sept. 1. The amount now to be issued is $150,increase of the common stock from $685,400, the amount
is all of
000; no prior
now issued, to $60,000,000, an issue of $50,000,000 first mort- standing; parliens. The stock Officers: one class and all outof shares, $50.
gage and also an issue of $10,000,000 general mortgage bonds.
John P. Cowing, President, 956 Rose Building, Cleveland, Ohio;
There were no dissenting votes. Subscriptions likewise to a Harry T. Amnion, Vice-President, Wyandotte, Mich.; Mark A. Ammon,
portion of the new seourities were approved and partial issues Secretary and Treasurer, Delray, Mloli.
were authorized to retire all existing indebtedness of the
Distilling Co. of America.— Report.— The report for the
Western Maryland RR. Co. for the acquisition of the stock of year ended June 80, 1902, which was issued this week, shows:
the West Virginia Central & Pittsburg Ry. Co., for ter- Total receipts of all companies from sales of produots and
minals, equipment,' improvements and extensions, inclnding
other souroes
$85,371,819
82,064,959
a line to connect the Western Maryland and West Virginia Cost of production and distribution
Central properties. The sale of $25,000,000 of the first mcrtGrois profits
$3,306,860
1,572,504
fage 4s to a syndicate headed by Vermilye & Co. and George Interest, taxes, additions, etc
Butler & Co. and the main facts regarding the loan were
Net profits for year 1901-02
$1,734,356
given in the Chronicle of Sept. 15, page 550, The syndicate
do
do
1900-01
1,657,850
was this week called upon to pay on Oct. 20, 60 per cent of
do
do
189900
735,039

Virginia

—

& Southwestern Ry.— New Mortgage,—-The new

—

'.

its subscriptions.

The " Baltimore American " says

:

At present only $25,000,000 of the first mortgage 4 per cent bonds
will be issued, but as the underwriting syndloate will pay Sl^the
Western Maryland will reoelve less than $23,000,000. In the plans,
about $3,500,000 is allowed for building the connecting link between
Cherry Run and Cumberland, a distanoe of 65 miles, but the manage-

ment has an

alternative plan

whereby

made with the Baltimore & Ohio RR.,

traffic

so as to

arrangements may be

make

the construction
of the link between the West Virginia Oentral and the West Maryland
unnecessary. In addition to making payments for the railroad property acquired, the terminal property in South Baltimore, as heretofore
published, is also to be paid for out of the issue.

The new general second mortgage secures $10,000,000 of 4
per cent 50-year bonds, interest for first three years payable
only if earned.
Directors.—The directors as elected this week are
Winalow S. Pierce, A. H. Calef H. C. Demlng, F. 8. Landstreet, John
W. Gates, Edwin Gould, Oearge J. Qonld, Lawrence Greer, Henry B.
Henson, H. H. Molntyre. John M. Hood, Charles W. Slagle, S. Davies
,

Warfleld.— V. 75, p. 550, 186.

The Distilling Co. of America announces a dividend of 4
per cent, payable in four quarterly instalments, beginning
Jan. 15, 1903, on its $29,502,9*3 preferred stock, the bulk of
which is owned by the Distillers' Securities Corporation—
which see below. This dividend calls for $1,180,119. The
Kentucky Distilling
Warehouse Co. and Standard Distilling & Distributing Co. constituent companies whose capital
stocks are nearly all owned by the Distilling Co. of America
have also declared this week dividends of 4 per cent payable
in similar quarterly instalments on their preferred stocks,
which are $10,500,000 and $8,000,000 respectively.
Ei change to Cease— The directors have voted that the privilege of exchanging preferred and common shares of Ken-

&
,

tucky

Distilleries

&

Warehouse Co

,

of Standard Distilling

&

Distributing Co. and of American Spirits Manufacturing Co.
for stock of the Distilling Co. of America shall cease at the
Central Trust Co. on Nov. 29.— V. 75, p. 668, 293.
Distillers' Securities
Corporation— New Securitiet—
Status of Enterprise.—On and after Oct. 21, 1902, holders of
the certificates of deposit issued under the conversion plan
can receive the new securities to whioh they are entitled at
the office of the Mercantile Trust Co., No. 120 Broadway.
Of the capital stock of the Distilling Co. of America, con-

Co. Sale of Bonds.— Adrian H.
Son sold at auction on Oct. 8, at 111 Broadway,
$78,000 of this company's first mortgage 80-year 5 per cent
gold bonds, July, 1902 coupons on, for $1,000 for the lot. These
bonds were pledged as collateral. Steps are being taken in
line of oertain plans for pntting the enterprise on its feat.
sisting of $44,596,118 common and $29,502,973 preferred,
A receiver was applied for several weeks ago. No road has nearly 90 per cent has been already acquired by the new corbeen built. C. O. Hadley, Battery Park Building, is inter- poration. The Distilling Co. of America has declared a diviested.— V. 75, p. 186; V. 73, p. 958.
dend on its preferred shares of 4 per cent, payable in four

West Michigan Traction

Muller

&

:

October

An

advertise-

ment on another page of to-day's Chronicle save:
The sources of income of the new company will enable it, after providing for the interest on its ($16,000,000) of 5 p. o. bonds, to pay
dividends (on Its) $32,600,000 of capital stock at the same time and at
the same rate as declared by the DlsiilllnK Uo. of Amerloa, viz.: One
per cent, quarterly be«lanlng Jan. 15, 1903.
It Is proyosrd that in due course one or more of the constituent oomantes sha 1 be merged or dissolved In order to eliminate the expense
£lourred In the maintenance of their separate organization. The
working oapital of the new and constituent companies approximates
fl6.0O0.0JO.
See also statement of earnings under Distilling Co. of
America above. V. 75, p. 668,

—

Edison Electric Illnniinating Co, of Boston.— Earnings.
—The results for the year ended June 30, 1901 and 1902, are
as follows, the Boston Electric Light Co. and the Suburban
Light & Power Co. being included in both years:
Gross

net

earnings.

earnings,

1901-02.. $2. 4rto,i58 $949,731
1900-01.. 2.367,359 917,730
—V. 75, p. 396.

—
—

TBB CHHONIHLE

18, 1902.]

quarterly installments, being Jan. 15, 1902.

Fiscal
year.

—

—

Dividends
Interest
Other
income, onbonds.&c. on stock.
$ii&,9tJl #13^,209 $7*7,345

13,948

105,130

Balance,
survlus.

$116,098
773,155
52,39d

851

Pullman Company.— Earnings.— The results for the
31, 1902 and 1901, compare as follows

ended July

Dividends Balance,
Total
paid (8%). surplus.
surplus.
$20,597,903 $8,935,674 $5,919 923 $3,015,751 $10,778,030
Total
revenue.

Fiscal
near.

lioi 02
1900-01... 17,996,782

-V.

years,

:

Net
income,

5,919,886

8,786.221

2,866,335

7,762,279

74, p. 215.

Richmond (Va.) Coal Mining & Manufacturing Co.—
Foreclosure. —This company's property was to be sold yesterday at Gayton, Henrico County, Va., under foreclosure of
Trust
the first mortgage of 1887, Boston Safe Deposit
Co. trustee.

&

Riverside & Fort Lee Ferry Co., New York.— Mortgage.—
This company has made a second mortgage to Merritt Taylor and another of Philadelphia, as trustees, to secure $500,000 of 6 p. c. gold bonds due on Maroh 1, 1950. The first
mortgage is for $100,000.— V. 70, p. 433.

Rochester & Pittsburg Coal & Iron Co.— Called Bonds.—
Eight ($8,000) Helvetia property purchase money mortgage
Nos. 229, 272, 366, 368, 568, 702, 712, 1019, have
bonds, viz
been drawn for payment Nov. 1, 1902, at 110 and interest at
the Central Trust Co.— V. 73, p. 794.
:

Hackensack Land Co.—Sale.— Receiver Taylor with the
consent of the Court of Chancery has transferred to Harold
Godwin, of Roslyn, Long Island, a large part of the company's real estate in exchange for a considerable amount of
This is not the Hacbensack Meadows Co.
its obliga f ions.
V. 73, p. 85.
Harbison-Walker Refractories Co.— Increase of Stock.—
The shareholders will vote Nov. 11 on the proposition to increase the capital stock from $25,350,000 to $27 600,000 by
raising the preferred stock from §8 850,000 to $9,600,000, and
the common sock from $16,500,000 to $18,000,000
First Dividend.— The directors have declared a quarterly dividend of \% per cent on the preferred stock, payable
Oct. 20— V. 74, p. 1358.

International Smokeless Powder & Dynamite Co.— The
company h«s declared a semi-annual cash dividend of 4 p. c.

and a scrip dividend of 17"4 p. c. on the preferred stock, pay
able November 15 on stook of record October 31. The scrip
will bear interest at the rate of 5 p. c. payable semi annually
and will b- due at the end of three years or earlier, at the option of the companv. The Philadelphia Stock Exchange has
listed the $600,000 full-paid preferred stock in lieu of the part
paid shares (par value $M)); of this amount the Marsden

Sioux City Stock Yards Co.—See Swift
V. 73,

& Co.

below.—

p. 621.

South Bend (Ind.) Home Telephone Co.—Mortgage.—
This company, controlled by Fort Wayne capitalists, has
made a mortgage to the Citizen's Loan, Trust & Savings Co.
of South Bend as trustee, to secure $400,000 bonds.
Standard Milling Co.— First Report.—The first annual
report shows surplus earnings from the operations of the
plants for periods ranging from one year to 14 months, of
$656,444, after deducting all the expenses of reorganization
and of the receivership. The company's 24 mills, it is stated,
have in the aggregate a possible daily capacity of 47,000
barrels of flour. Charles P. Armstrong and J. C. Klink have
been added to the board, increasing the number of directors
to twelve.— V. 75, p. 687.

—

Swift & Co.— Consolidation. Kuhn, Loeb & Co. decline to
deny or confirm the report that they have agreed to underwrite the packing combine, or that the consolidation will
go into effect on Dec. 1 if the money market is favorable. It
is rumored in Chicago that the stock of Swift & Co. will be
taken over on a basis of $200 a share in the new securities.
Company owns $100,000.— V. 74, p, 1359.
The Sioux City Stock Yards Co. and the Sioux City Traction
Manufactured Rubber Co.— Plan Adopted.—The share- Co. are reported to have passed into the control of Armour &
holders at the meeting on Thursday unanimously approved Co. and Swift & Co. on Oct. 14.—V. 75, p. 552, 246.
the plan of reorganization outlined in V. 75, p. 613.
Tennessee Coal, Iron & RR. Co.— Strike Off.—The strike
Mergeutbaler Linotype Co.— Earnings.— The net profits of the company's coal miners was declared off on Oct. 15 on
for the year ei ded Oct. l, 1902, were $1,892 918, contrasting terms not made public. V. 75, p. 796, 721.
with $2,083,032 during the previous year, $1,919,165 in 1900
Union Electric Light & Power Co., St. Louis.— Neio Mortand $l,627,i 00 in 1899. Dividends at the rate of 13>£ p. c, gage —The new mortgage has been filed, securing $lo,000,per annum ( h* quarterly rate being 2% P« c> aQ d an extra 000 of thirty-year 5 per cent gold bonds. Address Mississippi
'&% p. c. having been paid last December), call for $1,350,000. Valley Trust Co., St. Louis.—V. 75, p. 506, 345.
—V. 73, p. 1267.
United Frnit Co.— Guaranteed Bonds.— See Northern Ry.
Merrimac Manufacturing Co.—New Stock.—The share- of Costa Rica under "Railroads" above.— V. 75, p. 803.
holders last week voted to increase the capital stook from
United Shoe Machinery Co.— New Plant.— Secretary G.
$2,750,000 (all common and in $100 shares) to $4 400,000, by H, Baker confirms the report that the company is preparing
the issue ot $1,650,000 5 per cent cumulative preferred stock
to spend about $750,000 in building a new plant at Beverly,
From the- proceeds $S0o,0u0 will be applied to enlarging the M.ass for the purpose of combining the three large machine
plant at Hantaville, Ga. Stockholders will have the privil
shops located at Winchester, Beverly and South End, Boston.
ege of subscribing at par for the new issue at the ratio of 3 No new securities have as yet been authorized to meet the

—

<

,

shares new preferred for every five shares of stock held.
Treasur-r Charles L Lovering in a circular le'ter says
Your company has made and sold during the past year the largest
product it lias ever turned out in any one year; and if all the regular
cloths (which are crimen in Lowt-11) had been pr< duoed at H'>ntsville,
Ala., Instead of being purohased in the open market, the profits of the
whole concern would nave been greater than ever before. Tnemill
at Huntsvil e has produced goods at a lower cost than any mill In New
England, and most probably It always will be able to ao so. The
works at Lowell must be ran at a maximum produot for the printing
V. 73, p. 35.
part do produce goods at a low cost
new so
Michigan Telephone Co.— New Committee.
called '-Security Holders' Protective Committee," F.
Hill, Chairman, Las been advertising on a large scale in
Boston this week suggesting two alternate plans of reor
ganization. Both plans call lor the issue by a new crmpany
of $7,500,000 each of stock and 5 p. c. coeds. One would eliminate the minority stock and give the Michigan bondholders
60 p. c. in new bonds and 40 p. c. in new stock. The other
wonld aese^s the stock $55 per share and give the Michigan
bondholders 90 p. c. in bonds and 20 p. c. in stock. The
bondholders' committee organized by N. W. Harris
Co.
Poor & Co. has on deposit 85 p. c. of the Michiand H.
gan bonds, and these bonds, it is said, cannot be withdrawn.

—

—A

W

—

&

W

33.-V. 75, p. 613, 506.
Morse Iron Worts & Dry Dock Co., Brooklyn, N. Y.—
Increase of Stock. The shareholders will vote Oct. 23 upon a
V.

75, p.

—

propositiou to iacrease the capital stock frum $V50,000 to
V. 70, p. 844.
§1,000,000, par value of shares of $100 each.

Pennsylvania Furnace Co.— Sale of Property.— The committee appoinied last spring has arranged to sell th^ company's property to Edward H. Garcin of Trenton, N. J., and
associates (unnamed) for $270,100 cash and the surrender of
4,000 shares of the company's stockjheld hy General E. Bnrd
Grubb, with all his interest in the company, in all ihe
equivalent, it is said, of about 8800,000 cash. The output,
for the late fiscal vear was 76,263 tons net profits are reported as $3,877.— V. 75, p. 80.
;

cost of the new works. The new plant will give employment
to about 2,000 hands and will probably include:
An administration building, three stories in height, 60x80 feet ; two
manufacturing buiidiogs, 600x60 feet each, three stories and basement; storage building 300 to 400 feet long and 6o feet wide, three
stories arid basement; a drop forge, blacksmith, die sinking and hardening plant, one story, approximately 60x220 feet ; a foundry with
onpaolty of 20 tons per day; central power plant of from 1,500 to 1,800
H P. Industrial and underground railway will connect the various
buildings and the whole plant will probably be electrically driven.
V. 75. p. 81.

Uuited States Steel Corporation. Written Opinion in
Bergtr Suit. Justice Van Sickle, of the Court of Errors, at
Trenton, N. J., on Oct. 12 filled the written opinion in the
case decided by the court some time since, denying the application of Mrs. Miriam Berger for an injunction to restrain the
conversion of $200,000,000 preferred 7 per cent stock into a
like amount of 5 per cent bonds.
The opinion holds that the
company under the General Corporation Act of 1896 has full
power to carry out the plan, without regard to the act passed
last, winter. On the question of the commission allowed J. P.
Morgan & Co., the opinion says: "The court cannot
set up its judgment in a matter against that of the corporation in the absence of any fraud or bad faith." The official
digest summarizes the opinion on this point as follows :
The manner in whioh a duly authorized plan is to be carried through
is part of the business of the corporation, and in the absence of fraud

—

or bad faith is not ihe subject of judicial control to any greater extent
than other business of the corporation. The court cannot substitute
its judgment for that of the directors and a majority of the stookholuerH aud say that a less expensive plan could have been successfully ad pted.

See further facts in editorial on a preceeding page.
Called Bonds. —The bonds issued in 1887 by the United
States Iron
Tinplate Manufacturing Co of Pittsburg, will
he paid at the Union Trust Co., Pittsburg, on Dec. 1, 1902.

&

V. 75, p. 791, 736.

Wiggins Ferry Co.— See Terminal RR. Association of St.
Louis under Railroads above. V. 75, p. 140.

—

—

—

THE CHRONICLE.

852

& SAN FRANCISCO RAILROAD COMPANY.

ST. LOUIS

ANNUAL REPORT—FOR THE FISCAL YEAR ENDED JUNE

The following report of the operations of lines constituting the St. Louis & San Francisco Railroad System, for the
fiscal year ended June 30th, 19J2, is respectfully submitted:

MILEAGE OPERATED.
Side Track

Main
Track.

and

Louis & San Francisco RR. Main Line and
2,007-60
Branches

369-35

Kansas City Ft. Scott &
854-70
andBrauches
Kansas City Memphis & Birmingham RR. Main
•V Line and Branches
285-66
16-94
Paris & Great Northern RR
1584
St. Louis San Francisco & Texaa Ry
87-34
Red River Texas & Southern Ry
146-16
Ft. Worth & Rio Grande Ry

The following are the Operating Expenses per mile
and comparison with previous year:
1902.

The Company

562
7-51
12-87

1479
787 00
669-59

226-90

117 41

had in operation at June 30th, 1902,
second main track, making a total mileage
also

25*66 miles of
of all tracks of 4,226-91 miles.
The increase in mileage operated at June 30th, 1902, over
preceding year consisted of:
Miles.
Miles.
St. Louis & San Francisco RR.—
Blackwell, O. T., to Choctaw Northern Ry. Crossing.
84-3M
O. T
39-60
Oklahoma City, O. T., to Ckickaska, I. |T
123-93
Kansas City Ft. Scott & Memph's Railway13-09
Miami, f. T., toAfton, I.T
1-06
Jacques Junction Extension. Kans
St.

Louis San Francisco

Sherman Union

& Southern

& Texas

1415
Railway

Station, to connection with

RedRiverTexas

Railway, Tex

1-48

Red River Texas & Southern RailwaySherman, Texas, to Ft. Worth, Texas

87-34

226-90

Total

•»,

Of the total of 3,414-21 miles operated at
286*21 miles are owned by the Company,

June 30th, 1902,
and 128-03 miles

are operated under agreements with other companies.
total average main track mileage operated during the
year was 3,252'35 miles as against 2,922-85 miles for the
preceding year.
The Company also owns jointly with the Atchison Topeka
& Santa Fe Railway Company, The Kansas Southwestern
Railway, extending from Arkansas City, Kan., to Anthony,
Kan., a distance of 59-35 miles; but that road is operated independently, and therefore not included in above mileage.

The

fiscal

INCOME ACCOUNT.
The following is a condensed statement of the Income
Account of the System for the year ended June 30th, 1902,
and a comparison with that of the preceding year. (See
table -'B.")

The following shows the various
together with the increase in each:

classes

of earnings
P. O. of

hi crease.
1901.
Increase.
Gross Earnings— 1902.
1211
Freight
$15,606,243 15 $13,920,672 43 $1,685,570 72

500,76281
9,272 78
66,946*0
34,050 38

1334
0201

$21,620,882 49 $19,324,279 00 $2,296,603 49

1188

4,253,~57 73

Passenger
Mail
Express
Miscellaneous.
Total

471,75104
526.320 7-'
762,809 s5

3,752,994
462,478
459,373
728,759

92
26
92
47

14 57
04 67

The percentage of increase in the average mileage operated was 11 "3 per cent, wbile the percentage of increase in
gross earnings was 11'8 per cent. The gross earnings per
mile of ioad operated in 1902 was $6,647 77 and in 1901
$6,611 45,

Increase in 1902, $36 32,

The following is a comparison of the different Operating
Expense Accounts, and showing the increase in each,
together with the percentage of same:
1902.

Operating Expenses—

1901.

Increase.

P. O.

$

$

$

of Inc.

Maintenance of Road
2,978,847 14
and Structures
Maint of Equipment. 2,212,306 07
Transportation

and

7,649,34703
631,970 36
General Expenses....

Traffic

2,624,416 02
2,005,404 31

1901.

$897 90
686 11
2,114 41
205 27

$4,142 38

Total

$3,903 69

FINANCIAL.
Capital Stock.

76-46

3,187-34

Increase

of

$915 91
680 22
2,35194
19i 31

Maintenance of Roan and Structures
Maintenance of Equipment
Transportation and Traffic
General Expenses

300-40

3,41424

'.

1902.

road,

Memphis Ry. Main Line

*

30,

Switches.

St.

Totalat June 30th, 1902
"
'•
"
"
1901

LXXV.

mx& ^otxmxmts.

fk;pxrris

SIXTH

[Vol.

354,431 12 13-51
206,901 76 1031

6,1^0,103 81 1,469,243 22 2377
599,962 98
32,007 38 05-33

There has been no change during this fiscal year in the
amount of the Capital Stock of the Company authorized or
issued.

On June 15th, 1901, the authorized Capital Stock of the
Company was increased to $100,000,000.
The following is the amount of each class authorized and
issued at

June

30th, 1902:
Authorised.
$5 ,000,000
31,000,000
64,000,000

Second Preferred

Common
Totals

$5,000,000
16,000,000
29,000,000

$100,000,000

First Preferred

$50,000,000

Issued.

Of the

total capital stock issued there remained in the
Company at June 30th, 1902, $1,698,795 50,
and consists of
1st Preferred
$3,447 10
2d Preferred
53 00
Common
1,692,295 40

treasury of the

Treasury holdings of Second Preferred Stock amounting
to 17,2-^0 shares were sold during the year, and the proceeds
were used to reimburse the treasury for capital expenditures.
The discount on the sale of this stock was charged
to Profit and Loss Account.
Changes in Bonded Debt.
The net increase in this Company's bonded debt during
the year was $12,537,800, and is made up as follows
:

$6,276,900 in Refunding 4s, issued for Refunding purposes in excess
of Underlying Bonds redeemed or exchanged.
4,650,000 in Refunding 46, issued iu exchange for St. Louis Oklahoma & Southern Ry., first 4 per cent bonds (cost of road
Sapulpato Sherman).
1,369,900 in Ref muling 4s, issued in respect of '$3,044,200 Ft. Worth
& Rio Grande Ry. Company's stock purchased.
241,000 in Refunding 4s, issued in exchage for » like amount of
Kansas City Division 4 per cent Bonds, formerly held in
trust.

Bonds

in

Treasury.

The $241,000 of Kansas City Division 4 per cent Bonds
which remained in trust under agreement of June 1st, 1900,
with the United States Mortgage & Trust Company, were,
during the fiscal year, by mutual consmt, withdrawn from
the Trust Company and exchanged for a like amount of refunding 4 per cent bonds, and the latter are to be used to
reimburse the treasury for construction and improvement
and new equipment expenditures.
The treasury holdings of Consolidated Mortgage 4 per cent
Bonds at the close of the fiscal year ended June 30th, 1901,
amounted to $1,443,000 and due bill for $125. These bonds
were exchanged during the year for a like amount of Refunding Mortgage 4 per cent Bonds, the Consolidated Mortgage Bonds being placed under the Refunding Mortgage.
The increase during the fiscal year in t lie treasury holdings of bonds was $2,101,500, par value, and is made up as
follows:
$1,369,900 Refunding 4 per oent Bonds issued for $3,044,200, Fort
Worth cte Bio Grande Ry. Co. stock, purchased and plaoep
under the Refunding Mortgage.
241,000 Ref unding 4 per cent bonds issued for a like amount of
Kansas City Division 4 per cent Bonds, heretofore referred
to; nlaced under the Refunding Moi tga
2,500 Refunding t pi r cent Bonds issued for #2,500, Northwestern Division 4 per cent Bonds; placed under t lie Refunding
Mortgage.
600 Refunding 4 per cent Bonds issued for $600 of "A" Bonds
placed under the Refunding Mortgage.
5,000 Refunding 4 per cent Bonds issued for Consolidated Mortgage4peroen1 Bonds, originally received from the Reorganization ommittee, aud now placed under the Refunding

Mm

i

i

?age.

29,000 Refundiug 4 per ceut Bonds issued for a like amount of
Underlying Bonds, redeemed and cancelled and for which
$36,'2»0 of Consolidated Mortgage
percent Bonds were
issued and placed under the Ri funding .Mortgage.
3,000 Trust Mortgage 6 per oent Bond redeemed, and for which
a Refunding 4 per cent Bond will be Issued.
452,500 Kansas city Ft. Scott A Memphis Railway Company Refundiug 4 per cent Boi ds; $452,000 of whlon were recei\ ed
i

13,472,470 60 11,409,88712 2.062.583 48 18'08
Net Earnings increased $234,020-01, or 2*96 per cent
following are the percentages of the different Oper-

Total

The
The

ating Expense Accounts to Earnings and comparison with
previous year:
1902.

1901.

Per Oenl. Per Oent.

Maintenance of Road and Structures
Maintenance of Equipment
Transportation aud Traffic
GeneralJSxpenses
Total

13-78

1358

1023

10 38

35 38

31U8

2-92

3-10

62 31

r.9-04

Improvements as per statedue lull for a like amount of
Kansas Citi Memphis & Birmingham Income Bonds purchased and placed under K. C. F. S. & M. Ry. Co. Refund-

in

payment

of es pendltures for

ment, page 34, and #500

in

ing Mortgage.

At the close of the fiscal year ended June 30th. 1902, the
Company held in its treasury as a current asset $3,544,000,
par value, in bonds, and $625 in scrip, and in addition is en-

:

October

,

THE CHUON1CLE.

IS, 1902.1

from the Trustee $1,000,000 of Refunding
Bonds on account of expenditures during the year for improvements and new equipment.
titled to reoeive

Advances.

Advances had been made at June 30th, 1903, to roads under
construction and for surveys, as follows
$1,161,198 00
Red River. Texas & Southern Ry. Co
22,413 97
Taylor City Belt Railway Co. (World's Fair connection).
11,; 12 66
Central Belt Ral way Company (St. Louis)
28,079 46
Miscellaneous Surveys, etc
$1,222,804 09

The Company will be reimbursed for these advances.
As the Company has not as yet deemed it best to sell any

of

treasury holdings of Refunding Bonds, it borrowed in
June, 1902, $34:0,000 for part of the advances made as above
This accounts for the item of
for construction purposes.
Notes Payable on the balance sheet.
its

853

By provision in the Mortgage, bonds are reserved as f ollows:*
$34,025,770 to take up Underlying Bonds of the system, and for refunding purposes.
5,000,000 for acquisition of additional tracks, terminals or improvements upon the then existing system lines, and at a rate
not exceeding $600,000 of bonds in anv fiscal year.
9,324,230 for the construction or acquisition of terminals, branches
or extensions at rate not exceeding $22,500 par value of
bonds per mile,
Memphis
The total amount of Kansas City Ft. Scott
Railway Co. Refunding Bonds issued at June 30th, 1902, was
$12,507,500, of which $11,650,000 was for payment of property as above.
$40"), 500 for payment of $399,500 of Kansas City Memphis & Birmingham Railroad Co. Income Bonds, purchased and placed
under the Refunding Mortgage, and for $6,000 of Short
Creek* Joplin 1st Mortgage l 1 Bonds redeemed througli
operation of sinking fund, and canceled. $4oo,000 of these
refunding bonds were sold.
$452,000 for payment of Expenditures for Construction Improvements made during the fiscal year. These bonds remained
in the treasury of the Company at June 30th, 1902.

&

',')

The Company is also entitled to i-3ceive additional Kansas
BLAIR & COMPANY EQUIPMENT TRUST NOTES.
City Ft. Scott & Memphis Ry. Refunding Bonds from the
On December 1st, 1901, an agreement was made with Trustee on account of $110,000 of Ozark Equipment Co.
Blair & Company for the purchase of additional equipment, First Mortgage 5 per Cent Bonds and $33,000 of Ft. Scott
whereby this Company issued equipment notes dated De- Equipment Co. First Mortgage 6 per 'ent Bonds, which were
cember 1st, 1901, to the amount of $1,310,000, bearing inter- retired during the year through the operation of Sinking
est at the rate of 4 per cent per annum, and payable in Funds.
(

twenty semi-annual instalments of §65,00 on each first day
June and $66,000 on each first day of December, all redeemable at par and accrued interest on any interest pay)

KANSAS CITY MEMPHIS & BIRMINGHAM INCOME BONDS.
On February 1st, 1902, an agreement was made between
the Kansas City Ft. Scott & Memphis Railway Company
ment date.
One note of $65,^00 which matured June 1st, 1902, was and the Old Colony Trust Company of Boston, whereby the
paid, and the remainder appears in the balance sheet as a Railway Company offered through the Trust Company to
the holders of Kansas City Memphis & Birmingham Railliability in offset to the value of the equipment.
For description and the total cost of the Equipment pur- road Company Income Bonds, to pay the interest on said
Income Bonds semi-annually by fixed coupons, commencing
chased, see statement E, pamphlet report.

of

on the holders giving an option for ten
1st, 1902, to purchase assenting Income Bonds on any interest day, on sixty days' notice, at 95.
For the purpose of unifying the Company's bonded debt
The total amount of Income Bonds issued is $6,322,780,
and to provide funds for improvements and new equipment
and the holders of $5,557,000 have so far assented to the
and for the enlargement of the system, the Company exeproposition. This Company has agreed to advance on the
cuted a Mortgage dated June 20th, 1901, to secure an issue
23th day of February and 31st day of August in each year,
of Refunding Mortgage 4 per cent Gold Bonds to the amount
and which was referred to in detail on page 9 the amount of the fixed coupons of the assenting bonds.
of $85,000,000,
The interest on the Income Bonds for the fisoal year ended
of last annual report.
June 30th, 1901, amount $316,139, was paid in September of
Daring this fiscal year $46,818,000 of refunding bonds were
this fiscal year and as the K-msas City Memphis & Birmingexecuted and $43,895,000 were issued.
ham RR. Co. did not include the same in its accounts of last
$2,923,000 Refunding Bonds executed are deposited unceryear, it has now been accordingly charged to Profit and Loss
tified with the Morton Trust Company, and are set apart in
Account. The interest for the fiscal year to June 30th, 1902,
accordance with the provisions of the Mortgage to take up
is included in the Income Account for the year.
an equal amount of the First Mortgage Bonds of the Ft.
Worth & Rio Grande Railway Company.
NEW MILEAGE.
The amounts issued were disposed of as follows
Ft. Worth & Rio Grande Railway Company.
with March

REFUNDING BONDS.

1st, 1902,

years from September

:

$40,604,000 were sold and witu the proceeds $34,327,100 of Underlying Lien Bonds were redeemed and placed under the
Refunding Mortgage without impairment of lien, unless
and until canceled, as provided iu the mortgage.
1,369,900 were used to reimburse the treasury for the'cfst of $3,044,200 of Ft. Worth & Rio Grande Ry. Co. Stock, and remain in the Treasury of the (Jompiuy.
1,721,100 were exchanged for bonds held in the treasury of the

Company.
200,000 were exchanged for a like amount of Northwestern
Division Bonds, and are deposited with the Continental
Trust Company of New York in trust to pay for expenditures for improvements on. or new equipment for the
Nor.hwestern Division, Wichita to Ellsworth, Kansas.

K

(pamphlet report), showing the Underlying
Bonds refunded, and the amount of all classes of bonds which
were outstanding at June 30th, 1902.
The annual saving in interest by reason of the refunding
of the Underlying Bonds up to this time amounts to $39,See table

992 00.

The amounts paid for premiums on Underlying Bonds redeemed, and for discount and commission on sale of the
Refunding Bonds will be charged to Profit and Loss Account in annual amounts. The amount so charged for this
fiscal year was $600,000.
The remainder ($5,677,509 99) is
shown in balance sheet as an open account.

KANSAS CITY

SCOTT & MEMPHIS RAILWAY COMPANY
REFUNDING BONDS.
As outlined in last year's report, pages 12 and 13, the
Kansas City Ft. Scott & Memphis Railway Company executed its Refunding Mortgage dated August 23d, 1901,
authorizing an issue of $60,000,000 of Refunding thirty-five
year 4 per cent Gold Bonds, and under date of August 23d,
1901, this Company leased the K. C. S. F. & M. Ry. System
and by terms of lease agreed to guarantee the K. C. F. S. &
M. Railway Refunding Bonds, both principal and interest
then issued, or that might thereafter be issued with the consent of this Company, also to guarantee the payment of the
fixed charges of the K. C. F. S. & M. Ry. Co. and dividends
of 4 per cent per annum, payable quarterly, on $13,510,000 of
preferred stock of that Company.
Of the $60,000,000 of Refunding Bonds authorized, $11,650,000 were then issued and with $13,510,000 of preferred
and $15,0 0,000 of Common Stock of the Kansas City, Ft.
Scott & Memphis Railway Company, were used in paying
for the property of the Kansas City, Ft. Scott & Memphis
Railroad Company and for the line of the Kansas City, Ft.
Scott & Memphis Railway Company of Oklahoma, between
Miami and Afton, I. T.. 13-09 miles, and for the Jacques

As stated in last annual report, this Company acquired the
Rio Grande Railway Comcapital stock of the Fort Worth

&

pany, and under contract with the International Equipment
Company, the Fort Worth & Rio 'Jrande Railway Company
is extending its line southward from Brown wood, Texas, to
Brady, a distance of about 47 miles. It is expected that the
extension under contract will be completed early in 1903.

Red River Texas & Southern Railway.
This line, which was referred to in last annual report, was
completed and placed in operation between Sherman and

An agreement was

&

Total

FT.

Junction Extension in Kansas,

1

06 miles.

Worth on March

23d, 1902.
entered into with the St. Louis Southwestern Railway Company of Texas, whereby the Red River,
Texas
Southern Railway Company acquired the joint
use of that Company's tracks between Carrollton and its
own line at Ft. Worth.
<*
The mileage between Sherman and Ft. Worth is made
up of
Mil eg.
R. R. T. &S. Ry., Sherman to Carrollton
52-98
W. Ry. of Tex., Carrollton to connection with the R. R.
St L. S.
29-80
T. &S. Ry. Belt at Fort Worth
R. R. T. & S. Ry. Belt Line connecting the tracks of the St. L. 8.
4-56
W. Ry. Co. of Texas with the Ft. W. & Rio Grande Ry
Ft.

...

.87-34

Extensive terminal yards were built at Ft. Worth in connection with the Belt Line.
To connect the line of the Red River Texas & Southern
Railway Company with that of the St. Louis San Francisco
& Texas Railway Company, 1 -48 miles of new track was

by the latter company.
Blackwell Enid & southwestern Railway.
On February 27th, 1902, an agreement was entered into
with the Construction Company building the Blackwell
Enid & Southwestern Railway to purchase, at completion,
that road, then under construction, extending in a southwesterly direction from Blackwell. Oklahoma, to Vernon,
Texas, a distance approximately of 251 miles, together with
built

its

equipment.

The price agreed

to be paid for the completed road, together with equipment costing $3,000 per mile, is $18,000 per
mile of main track in refunding mortgage bonds of this

Company at par.
On the day on which the purchasing agreement was

en-

tered into, a temporary lease was also executed whereby
the Construction Company turned over to this Company on
March 1st, 1902, 84-33 miles of the completed line between
Blackwell, Oklahoma, and the Choctaw Northern Ry. cross-

:

THE CHRONICLE.

854

[Vol.

LXXV.

ing, and that section hag since
this System.

been operated as a part of against 9*48 for the preceding year. The average number of
freight cars per operated mile was 512 cars, as against 5*04
cars for the preceding year.
Oklahoma City & Western Railroad.
For detailed description of Equipment owned, see table R,
On April 4th, 1902, an agreement was entered into with page 58, of pamphlet report.
the St. Louis Trust Company to purchase the Oklahoma City
TRAFFIC.
& Western Railroad on its completion, between Oklahoma On
page 64, table W, of pamphlet report, is given a stateCity, O. T., and Quanah, Texas, a distance of approximately
ment in condensed form, of freight and passenger statistics
184 miles.
The price agreed upon is $17,000 per mile of completed for the six years ended June 30th, 1902. The figures for the
road, together with such amount as shall have been ex- year ended June 30th, 1902, include those of the entire System, but the previous years' figures are those of the St. Louis
pended for equipment.
Pending the completion of the entire line, an operating & San Francisco Railroad Company as then, constituted.
agreement was entered into on May 27th, 1902, whereby the
Freight.
Contractors turned over to this Company on June 22d, 1902
There was an increase in the tonnage carried during the
that portion of the line then completed between Oklahoma fiscal year of 270,389 tons, equal to 3 percent, and an increase
City and Chickasha, I. T., 39*60 miles, and from that date in the ton mileage of 97,352,116, equal to 6 per cent. The
it has been operated as a part of this System.
average haul increased 5,51 miles, equal to 3 per cent.
The average rate per ton increased 15*62 cents, and the
Birmingham Belt Railroad Company.
average rate per ton mile, "059 of a cent over the precedin!?
This Company bought, as of June 3d, 1902, the property of year. The increase in the rates per ton and per ton mile
the Birmingham Belt Railroad Company, consisting of 15*81 was obtained by reason of the increase in the jiercentage of
miles of terminal tracks in the city of Birmingham, Ala., tonnage of the higher class shipments. See statement Q,
together with its equipment
also valuable real estate, page
57 of pamphlet report, giving classification of
;

and buildings in the city of Birmingham.
tonnage.
The tracks of the Birmingham Belt Railroad are used to
There was an increase of 39-100 of a ton in the average
interchange freight between the various railroads centering load per loaded car of commercial fre'gbt, but the average
at Birmingham, Ala. and the different industries along its train load of commercial freight decreased 13-33 tons, equal
tracks. By acquiring this property the System has greatly to 6 per cent as compared with the preceding year. The
improved and strengthened its position in the city of Bir- lighter business and trains on the newly acquired mileage,
mingham, Ala., and tributary territory.
and the having to haul water during the drought season in
the fall and early winter months, account for the decrease
Taylor City Belt Railway.
franchise,

.

in the

About two miles

of track are being built by the Taylor
City Belt Railway Company to connect the tracks of this
Company and those of the Missouri Pacific Railway Company with the World's Fair site of the Louisiana Purchase
Exposition Company, in Forest Park, St. Louis.
The
capital stock of the Taylor City Belt Railway is owned onehalf by each of the two companies interested. The tracks
will be completed and ready for use in September, 1902.

average train load.

The ton mileage density per mile

of road for the year was
503,499 tons as against 526,953 for preceding year.
The increase in freight train mileage of the System for
the year was 1,068,948 miles, equal to 13*9 percent. The
mileage of double header trains is included as single trains,
but the mileage of both engines is included in the statement
of engine mileage.

Passenger.

There was a decrease in the System passengers carried
The Kansas Southwestern Railway Company.
during thp fiscal year of 62,625, equal to 1*67 per cent, but
This Company purchased from the Atchison Topeka & an increase in the number of passengers carried one mile of
Santa Fe Railway Company one-half interest in the Kansas 14,749,640, equal to 8*65 per cent. The increase in the averSouthwestern Railway, extending from Arkansas City to age distance each passenger was carried was 4*79 miles, an
Anthony, Kansas, a distance of 59*35 miles. Since October increase of 10*51 per cent over the preceding year.
26th, 1901. this road has been operated independently for
The average rate per passenger increased 15 cents over
account of the two companies owning it. It has no floating the average rate of the preceding year, and the average rate
or bonded debt.
per passenger per mile increased *0096 of a cent, equal to
EQUIPMENT.
4*35 per cent.
The decrease in the suburban and mterurban
The increase in the expenditures for maintenance of the business caused by competition of electric lines, partly acequipment of the System for the year was $206,901 76, or counts for the decrease of the number of passengers carried,
10*31 per cent, over the preceding year, and the past policy and also accounts 'or the increase in the average distance
of the Company of maintaining its equipment to the highest each passenger was carried, as well as the increase in rates
per passenger and per passenger mile.
possible degree of efficiency has been continued.
A comparison with the preceding year of the amounts ex- The number of through passengers decreased 4*6 per cent,
pended per locomotive and car for repairs and renewals is and the through passenger mileage increased 6*6 per cent.
The number of local passengers decreased 1*4 per cent and
as follows
the local passenger mileage increased 9*6 per cent.
1902.
1901.
Repairs and Renewals per Locomotive..
$l,7?>0 95
$1,498 34
The passenger train mileage increased 660,437 miles or 14
Passenger Car
804 21
802 53 per cent, and the earnings per passenger train mile increased
Freight Oar
53 53
6013
9 mills.
The decrease in the cost of repairs per freight car during
PHYSICAL CONDITION.
the current year is accounted for by the recent purchase of
There have been liberal expenditures made for additions
large number of new freight cars.
a
All equipment destroyed or sold during the year has been to the property and improvements in its physical condition
during the year.
charged against operating expenses at book value.
The increase in the expenditures on account of mainThe following new equipment was added during the fiscal
tenance of way and structures, for the year, was $354,431 12,
year:
Purcha.tid Purchased Sec'd with
or 13*51 per cent over those of the preceding year.
through
through
Oklahoma
The expenses of maintenance of road and structures per
Purchased
Blair &
The Ozark City A WestDirect.
Co.
mile for 1902 was $915 91, as against $897 90 for the preceding
Equin.Oo.
ernJly.
Total.
Locomotives
Coaches
10
ChairCars
Baggage Oars
Baggage, Mail & Express
Baggage and Express
5
CabooHe
Box Cars
114
Furniture Cars
Coal Cars
205
Ballast Cars
Flat Cars
Steam Wreckers
1

Steam Shovels

25

26

51

5

1

,">

l

....

2

16
6
2

....

1

4
15
500
150
1091
100
50

1

187

9
15
801
150
1296
100

....

....

....

....

50

....

i

1

l

The freight car equipment at the end of the fiscal year
consisted of 16,667 cars of a tonnage capacity of 421,180 tons,
as compared with 14,719 cars of a tonnage capacity of
345,977 tons at the end of the preceding year, an increase of
13 per cent in number of cars and 21 per cent in tonnage
capacity over the preceding year.
The average capacity per freight car for the fiscal year
was 25*27 tons as against 23-51 tons for preceding year an
increase of 1-76 tons or 7*4 per cent.
The number of engines and their tractive power at the
end of the fiscal year was, 510 engines tractive power on
level track 1,148 350 tons, as against, for the preceding year,
464 engines, tractive power 982,212 tons, being an increase
of 9*9 per cent in number of engines, and 16*9 per cent in
tractive power.
The average miles of road per engine for the fiscal year
were 6*37, as against 6*29 for the preceding year. The average miles of road per passenger train car were 9*50, as
;

;

year.
34,000 tons of new 75-lb. steel rails were ordered for this
fiscal year, but owing to the inability of the mills to deliver,
only 15.563 tons were laid during the year, as against 25,000
tons laid during the preceding year.
There were 1.273,881 new cross ties and 528 sets of switch
ties put in track during the year, as against 1,204,768 cross
and 313 sets of switch ties for the previous year.
The total cost of all renewals of steel rails, cross ties, steel
bridging and buildings was charged to operating expenses.
During the year 117*41 miles of passing and side tracks
were built, and the cost of same was charged to Capital

Account.
361*80 miles of track were ballasted at a total cost of
$481,534 34, of which $56,603 94 was charged to operating expenses and $424,930 40 to Capital Account.
new elevator with capacity of 360,000 bushels was bnilt
at Rosedale, Kan., during the year, and an addition of two
storage tank-* was made to the old elevator at that point,
increasing its capacity to 360,000 bushels, Ht a total cost, including ground, of $135,057 81. An additional storage tank
for the old elevator, and two additional storage tanks for
the new elevator, are now in process of construction, and
when completed will bring up the combined capacity of the
two elevators to one million bushels.
Additional real estate for terminals was purchased during
the year at a cost of $252,343 33. For details in brief of the
Capital Expenditures, see tables E and E-l, pages 33 and 34
of pamphlet report.

A

—

.

October

THE CHRONICLE.

IS, 1902.]

LAND DEPARTMENT.
Net receipts of the Land Department of the System, were
$19,460 88
St. Louis & San Francisco RR. Co. Net Land Receipts
Kansas City, Ft. Scott & Memphis Ry. Co. Net Land Receipt s 13,304 68
:

$32,765 56

Total

GENERAL.

U

on page 62
called to statements T and
(of pamphlet report), which give the capital stock, bonded
indebtedness and interest charge per mile, also the gross
Attention

is

earnings, operating expenses and net earnings per mile and
recapitulation of the condensed income account, all for the
period of six years. It will be seen that the figures for the
year 1902 are those of the System, while those for 1901 and
San Francisco Railprior are the figures of the St. Louis
road Company proper, as it then existed.
During the past fiscal year regular quarterly dividends
were declared and paid on the First and Second Preferred
Stocks of the Company, and the amounts were charged to

&

Income Account.
The guaranteed dividends on the K. C,

Ft. S. & M. Ry.
Co. Preferred Stock Trust Certificates paid during the fiscal
year appear in Income Account under the heading of
" Rental of Leased Lines."

C— CONDENSED GENERAL BALANCE
1902.

Assets—
Franchises and Property, lor

SHEET JUNE

statement of increase (see
page 35 pamphlet report)... 100,632, 122

On pat; es 65 to 68 of pamphlet report will be found statements of the Trustees of various Sinking Funds wherein are
shown the amounts of the live bonds and cash in the respective funds.
It is expected that the additional mileage which is in
process of construction will add to the earning power of the
lines already built, and at the same time be self-supporting.
The conditions this year in most of the territory tributary
to the Company's lines are favorable for good crops, so that
a continuation of heavy traffic for another year seems likely.
As has been the custom in the past, the Board directed
Mr. Stephen Little to make an examination of the accounts
of the Company for the past fiscal y* ar, and his certificate
appears on page 26 (of pamphlet report)
I acknowledge with pleasure the fidelity and efficiency of
the officers and employes in the performance of their duties
during the year.
B. F.

YOAKUM,

President.

30, 1902,

93,026,509

1,744,892

D. 1,711,723

3,456,616

96,483,125

I.

New Equipment under Blair &
Co.Eqpt Trust (see contra)..
Refunding Mtg. 4% Bonds In

Companies

Midland Ry. (see contra)....
Current AssetsCash in Treasury
Cash in Trus-tCompanies for
Coupons & Sinking Funds.
Due from Agents and Conductors
Due from Railroad Companies account Traffic
Due from Companies and
Individuals...
...
Due from U. S. Government

62,000,610

1,245,000

1.

1,245,000

12,537,800

12,084,100

I.

12,084,100

16,671,920

I.

16,672,920

28,756,020

t

I.

28,756,020

13,510,000
15,000,000

I.
I.

13,510,000
15,000,000

33,490,610

-

I.

33,490,610

62,000,610

J.

62,000,610

Debt,

Outstanding Securities on
Leasehold Estate, The K
O. F. S. & M. Ry.—
Stocks—
Preferred Certificates.

Common

200,000

Funded Debt and Equipment Notes, (see Table
pamphlet report)

J,

D. 241,000

241,000

Total Outstanding Se-

on

curities

873

1,455

370,724

965,926

918,910

24,398

966,904

381,223

106,576

118,580

D. 582

O

Lease-

hold Estate, The K. C,
F. S. & M. Ry. (see

-

contra)

595,202

Equipment Notes, Blair

I.

894,512

Refunding Mortgage

I.

585,681

&

Co. (see contra)

1,245,000

I.

1,245,000

4%

Bonds, Northwest'rn DivD. 12,004

Impro\ement and
Equipment Fund, (see
ision,

contra)

200,000

200,000

Kansas City
350,059
72,539
436,462
40,909
413,261

I.

1,333,025
/. 47.374
I. 6? 9,881
I. 156,067
I.

1,230

809,543
1.

1,230

Co. 4%
for dis-

4%

Div., IstMtge.
Bonds, Improvement

and Equipment

Fund,
241,000

(see contra)

Special Master, Kansas Midland Ry. (see contra)

873

Current Liabilities
Notes Payable
Audited Vouchers and

Pay Rolls
Due to Companies and

2,479,540

Individuals

43,533

RR. Companies,
Account Traffic
Interest on Bonds, Mat-

3,005,741

1,354,828

/.

1,650,913

1,455

D. 582
I.

898,871

I.

840,000

1,580,669

D. 70,678

114,212

to

1.

127,436

ured

1902andUorisolidatedMtg.

Bonds for 1901, $ j ,09i,125 and $1,443,125, re-

D. 241,000

840,000

Due

under

provision of Mtg. (par of
Refunding Mtg. Bonds for

spectively), cost

I.

Companies

RR.

bursements made

96,483,125

AuxUiary

Total Capital Stock and
Bonds, Auxiliary

28,700,097

1.

1,222,804

Advances, Account Roads
under Construction
S. L. & S. F. Ry. Co. Trust
Mtg. of 1880. 6s, redeemed (par $1,000) cost

& M.

12,000

5,677,510

I.

1,683,084
119,913
1.096,343
196,976

Supplies on hand
Unadjusted Accts. (balance)

8.

I. 1,000
D. 12,000

1,000

pamphlet report)
1.

of U. S.
Trust Co. (see

contra)
Mississippi Valley Trust Co.
for deposit by Special Master in Chancery for Kansas

K. C. F.

12,548,800

I.

Auxiliary
Companies (see Table J,

4% Bonds in hands

Bonds acquired

46,471,125

J,

109,020,925

Stock,

Funded

Trust w ith Continental Trust
Co. ofN. Y (see contra)
Kansas City Division 1st Mtg.

F.

59,019,925

J,

Bonds

Franchises
and
Property,
Auxiliary Companies
28,700,097
Leasehold Estate—The K. C.
F. S. & M. Ry. (see contra) . 62,000,610

8.

5,000,000
16,000,000
29,000,000

pamphlet report)
Bonds redeemed

Capital

5,677,510

&

5,000,000
16,000,000
29,000,000

Total CapltalStock and

ments

L.

Inc. or Dec.

5,893,889

Difference between cost of
Underlying Bonds refunded, and proceeds of 4% Refunding Bonds sold therefor, to be charged to Profit
and Loss account, in instal-

St.

1901.

$

$

Common

7,605 ,613

2.

Suspense Account-

&

1902.

Liabilities—

Funded Debt (see Table
pamphlet report)
Called Bond (see Table

Total Franchises and Property. 102,377,014

Mortgage

AND COMPARISON WITH PREVIOUS YEAR.

Capital Stock—
1st Preferred
2d Preferred

Stocks and Bonds owned (see
statement, page 37 pamphlet report) for Face and

Book Values

The surplus after the payment of dividends amounted to
and was carried to Profit and Loss Account.
For all charges and credits to Profit and Loss Account
during the year to June 30th, 1902, see statement A.
$1,472,197 54,

Inc. or Dec.

1901.

$

855

127,436

588,279

1,306,650

718,371

671,471
170,515

281,998
88,083

I. 389,473
I. 82,432

5,639,145
1,096,414

2,101,534
25,006

50,284

92,693

D, 42,409

38,025

D. 38,025

7,937

Interest on Bonds, Accrued (not due)
Taxes, Accrued (not due).

I.

D. 7,937

Ry. Co. Re-

funding Mtg. 4% Bonds in
Treasury, cost

Total Current Liabil452,500

Total Current Assets. 10,141,706
Trustees Sinking Funds Acct..
973,737
St. Louis World's Fair Stock.
17,500
Balance of amount advanced
to the Employes* Hospital
Ass'n of the "Frisco" Line

I.

4,158,184

1.

3,500

14,178

452,500

5,983,522
1.973,737
I. 14,000
D. 14,178

itjes

Sinking Funds, Accrued....
Kansas City Osceola & 8o.
Rv. Interest Fund
,

Louis, Oklahoma
Ry., Interest Fund

St.

&

/.

I.

3,537,610
1,071,408

So.

Miscellaneous Liabilities of
Receiver St. Louis & San
Francisco Ry., and prior,

and Atlantic & Paciflo
RR. Co, Central Div.,

prior

to purchase, asthis Company
Trustees Acct. Traffic Guaranty The K. C. Ft. S. & M.

sumed by

Ry. Co
Improvement Fund

&M.

Ry.

&

5,018

(K. C.
Bridge Co.) ..

Total Liabilities

1.

18,089

I.

208,032,378

99,190,774

32,207
3,269,462

1,910)669

211,334,048

101,101,443

J.

5,018

18,089

108,841,604

Aocounts to BalanceLand income Aco't (The
K. C. Ft.
Profit

Total Assets

211,334,048 101,101,443

7.

110,232,605

Note.— 1902 column Includes combined figures of System; 1901 column
Practically all owned by this Company.
1

S.

&M.

Ry. Co.)

and Loss

Total

includes only St. L.

& S.

F.

RR.

/.

1.

/ 32 207
1,358)794

110,232,605

Co. figures as then constituted.

—

—

THE CHKONICLE.

856
A. -GENERAL

PROFIT AND LOSS ACCOUNT, ENTIRE SYSTEM,

And Adjustments Therein. June

30th, 1901, to June 30th, 1902.

By-

Cr.
$1,910,668 87

Dr.

Balance at credit, June 30th, 1901
Balance at credit, June 30th, 1901,
Leased and Auxiliary Companies:
The K. C, Ft. S. & M.
Ry. Co
$623.832
:
&B. RR.Co
K.
048,046
Ft. W. & R G. Ry. Co
146,388

CM.

B.—STATEMENT OF GENERAL INCOME ACCOUNT OF THE
SYSTEM FOR THE FISCAL YEAR ENDED JUNE 30, 1902,
AND COMPARISON WITH PREVIOUS YEAR.
6231

Percentage of Operating..
Gross Earningsfrom Oper10
1,418,267 16

Inc. or Bee.
J.

Operating Expenses.

329-50
J.

$21,620,882 49 $19,324,279 00
13,472,47060 11,409,887 12

ation

42
64

1901.*
2,922-85
59-04

1902.
3,252-35

Average Mileage

of

LXXV.

[Vol.

1.

3-27

$2,296,603
2,062,583

J.

Net Earnings from OperSurplus for the year ended June 30th,
1902, as per Income Account
Miscellaneous Accounts closed out
Over-provision for Taxes for fiscal year
1901, now credited back

To—
Amounts from Suspense Account, on

88,510 34
54,056 11

2,240 78

ure expenses

2,551

J.

7,801

$8,345,572 27

$8,101,200 32

J.

$244,372

$2,596,658 40

7.

$605,062

& S. F. RR. Co.,
Second Preferred Stock
of St. L.

Out

$1,723,000 00
1,206,100 00

10,446 48

St. Louis, Oklahoma & Southern Ry.
over bond issue
Expenditures on sundry surveys
Interest paid, toeing Coupon No. 7, for
year ended June 30th, 1901, on Kansas

Memphis & Birmingham RR. Co.
Income Bonds
Ft. Worth & Rio Grande Ry. Co., worth-

fit

which were

mon

316,139 00

$3, S 69,462

38

582 14
595,20156
12,003 60

Total Decrease of Assets

Increase of Liabilities-

$12,548,800 00

1,00000
Capital Stock Auxiliary Compinies. 12.034,100 00
Funded nebt
do
do
.... 16,671.920 00
Outstanding Seourit's on Leasehold
Estate: The K. C. F. S. & M. Ry.—
StocksPreferred Certificates
13,510,000 oo
Common
do do
15,000,000 00
Funded Debt and Equipment
Notes
33,490,61000
Equipment Notes, Blair & Co
1,245,000 00
NotesPayable
810,000 00
Audited Vouchers and Pay Rolls..
1,5^0,669 45
Due to RR. Comoanies, acc't Traffic
127,436 05
Interest on Bo nds, matured
588,278 60
Int. on Bonds, accrued (uot due)
339,472 96
Taxes accrued (notdue)
82,432 33
Sinking Funds aoorued
1 ,0 71 ,408 2 6
Trustees acc't Traffic Guaranty The
K. C. F. 8. & M. Ry. Co
5,018 32
Improvement Fund (K. C. & M. Ry.

S.

&M.

Equipment Trust
Cash in Trust Cos. for Coupons and
Sinking Funds
Due from Agents and Con 'uctors..
Dne from Cos. and Individuals
Due from U. S. Government
Supplies on hand
Unadjusted Accounts (balance). ...
Advances account Roads under

mentFund

...

..

Special Master. Kans. Midland Ry..
DuetoCos. and Individuals
Kansas City Osceola & So. Ry. Interest Fund
St.

Louis Oklahoma

terest

Fund

& So.

accounted

for.

21
ol
16

31

06

809,543 32
1.230 00

1,650,913 30

452,500 00
973,737 28
14,00 j 00

$12,000 00
241,000 00
5 82 14
70.678 93
42,408 86

Ry. In-

39,02453

Miscellaneous Liabilities of Receiver St. Louts & 8an Franolsco

3,269,462 38
1,910,668 87

Ry., and prior, and of Atlantic &
Pacific RR. Central Division prior
to purohase, assumed by this Co..

Total Deorca3e of Liabilities
to be

891,51192
5S5.681
1,333,025
47,371
659, 8*1
156,067

$112,807,21)139

Bonds Redeemed
Kansas City Division, 1st Mtg. 4%
Bonds, Improvement & Equip-

1,358,793 51

Grand Total

1,215,000 00

Total Increase of Assets
Decrease of Liabilities-

32,207 40

Increase of Pre fit and Loss
Balance at Credit, June 30th, 1902.
Balance at Credit, June 30th, 1901.

62,000,61000

cost....

F.

Ry. Co.)

28,700,096 78

Co.

Trustees Sinking Fund Account ....
St Louis World's Fair Stock

$109,254,235 26

Increase—
Land income Account (The K. C.

&

Construction
I/. & S.
F. Ry. Co. Trust Mtg. of
1880 tisredeemed (par $1,000^ cost
St. L. & H. F. KR. Co. 4% ilonds
acquired for disbursements made
under provision of Mtg. (par
$1,64 »,000) cost
The K. C. F. S. & M. Ry. Co. Refunding Mtg. 1% Bonds in Treasury,

18,089 29

Total Increase of Liabilities

S.

5,677,509 99

St.

.

& Bridge Co)

:

$7,605,612 72

M.Ry
New Equipment under Blair &
$2,574,639 19

1902.

accounted for as follows

Companies

14,178 44

Funded Debt
Called Bonds

is

Leasehold Est tte— The K. C. f.

of the

$1,997,159 22 D. $524,962

TO JUNE 30TH,

Suspense AccountDifference between enst of Underlying Bonds ref'ded and proceeds
Refunding Bonds sold
(if 4%
therefore to be charged to Profit
and Lossaooount inlnstaiments.
Franchises and Property Auxiliary

241,00000

Employes Hospital Ass'n

sum

1901,

Inorease of AssetsFranchisee and Property.

Stocks and Bonds owned
$1,711,723 45
Kansas City Division 1st Mtg. 4%
Bonds, in hands of U. S Mtg. &

'Frisco Line

D. 190,639

* For the purpose of comparison with
1902, the 1901 column Includes the <'ombined corresponding figures of the System Lines then In
operation, though not then acquired.

This

Due from Railroad Cos., acc't Traffic
Balance of amount advanced to the

995,920 00

805,28106

Stock

8urplus carried to credit
of Profit and Loss
$1,472,197 54

be accounted for

TrustCo

$2,993,079 22 D. $715,601

de-

Remaining—

5 999 99
3,262,462 38

Decrease of Assets —

Mississippi Valley Trust Co., fordepo-i'bySpeo'l Master in Chancery
for Kansas Midland Rv
Cash in Treasury

$959,973

on Second Preferred
Stock and 4% on The
Kansas City, Ft Scott &
Memphis RR. Co. Com-

D.—SUMMARY OF FINANCIAL CHANGES FROM JUNE 30TH.
to

7.

1901, 4% on First Preferred Stock and 2^%

$4,943,700 02 $4,943,700 02

Resources

$5,108,12110

Preferred
Stock in 1902, $199.742 12 and $605,538 94
respectively, and in

109,254 14
18,938 73

June 30th, 1902

220,619 32 D. |220,619

and Second

City,

off.

7.6,449

clared the following Dividends: 4% each on First

516.900 00

Taxes for the year 1901, on lands in New
Mexico and Arizona
Excess expenditures in construction of

7.546,397
7.22,684

75,096 81

Total Interest and all
other charges
$6,068,093 67
Surplus— applicable to
Dividends
$2,277.478 60

960 00

Stock, wTittenoff.

1,887,67196
338,074 61

therefor

Discount on 17,230 shares

at credit,

7.

11,659 55

$234,020

Less—

Book value of 120 shares of St. Louis Exposition and Music Hall Association

By Balance

175,148 89

19,460 88

Miacellaneous Income..
Land Department Receipts

provement Co.'s Stock, written off; also
Company's proportion of foreclos-

less accounts written
Balance

177,699 50

J.

Add-

Total Net Income

this

Soldfor

$7,914,39188

ation

ac-

count of difference between the cost of
Underlying Bonds refunded, and the
proceeds of the Refunding Bonds sold,
$600,000 00
and the commissions paid therefor
Discount on the Kansas City, Ft. Scott &
Memphis Railway Co., Refunding Mort33,58807
gage Bonds
Cost of Internal Revenue Stamps affixed
on 499,925 shares of Capital stock, also
of engraving and printing stock certifi13,923 50
cates
.
7.
Engraving. Recording and Certifying
Refunding Mortgage Bonds, also lesral
45,846 95
expenses, etc., in connection therewith.
Book value of 5,382 shares of Eureka Im-

sold, viz:
Par value.

$8,118,41189

Intereston Funded Debt $3,191,72015
Rental of Leased Lines
(See Table G, pamphlet report)
2,434,068 78
Taxes
360,758 97
Rental of Tracks and
81.545 77
Terminals
Expenditures for Improvements, Construction and Additional
Equipment, year ended June 30th, 1901, in
excess of Bonds issuable or other provision

1,472,197 54

$113,219,925 36

Grand Total accounted

for

7,036 51

412,630 07

$113,219,925 36

—
October

:

THE CHRONICLE

1902.1

18,

857

CHICAGO BURLINGTON & QUINCY RAILROAD COMPANY.
ANNUAL REPORT— FOR THE YEAR ENDING JUNE

FORTY-EIGHTH

Chicago, October
To the stockholders of the Chicago Burlington

1,

<fr

1902.

Quincy

date been operated by that Company.
In order that you may be informed as to the operation of
the System for the entire year, and for the purpose of comparing the results of such operation with previous years,
this report is made on the same basis as previous reports.

EARNINGS AND EXPENSES.
The Gross EarniDgs from operation, including all leased
and controlled roads, for the year ended June 30, 1902, have
been:

From Freight
$36,072,079 68
From Passengers
12,857,266 86
From Mail, Express and Miscellaneous. 4,865.898 93

Miles run by Passenger Trains in 1901-2 (standard
gauge)
In 1900-1

15,299,531
13,796,796

Increase in 1901-2.

1,502,735

Miles run by Passenger Trains per mile of
ated in 1901 2 (standard gauge)
la 1900-1

Road

oper-

1,859
1,780

79

Increase in 1901-2

Total number of tons of Freight carried one mile in
1901-2
4,613,072,546
In 1900-1
3,870,529,358

742,543,188

Gro3S Earnings from Freight in 1901-2
In 1900-1

$36,072,079 68
33,662,221 05

:

Operating Expenses

Increase in 1901-2

$34,009,838 79
1,673,036 74

Taxes

35,682.875 53

„

Inoomefrom Operation

Add

04 cents

Decrease in 1901-2.

Increase in 1901-2

$53,795,245 47

The Expenses have been

2'12 cents
2-16 "

Gross Earnings per Passenger per mile in 1901-2.
In 1900-1

Railroad Company:
The Railroads and properties

of your Company were
leased, taking effect October 1, 1901, to the Chicago Burlington 8c Quincy Railway Company, and have since that

1902.

30,

$2,409,858 63

Gross Earnings per ton per mile in 1901-2
In 1900-1

0-772 cents
"
0-862

$18,112,369 94
0-090 cents

Decrease in 1901-2.

for

Income on Securities owned and other
Income and Interest
Net Receipts of Land Departments

Miles run by Freight Trains in 1901-2 (standard gauge).
In 1900-1

$250,628 76
90,176 23

$340,804 99

_

Total Income

Charges have been
Intereston Bonds
Rentals
Sinking Funds

$18,453,174 93

:

$7,253,106 19
493,826 98
623,131 00

.•

18,324,905
19,168,750

Decrease in 1901-2.

843,845

Miles run by Freight Trains per mile of
in 1901-2 (standard gauge)
In 19001

Road operated
2,228
2,472

244

Decrease in 1901-2.
$8,370,064 17

Balance

$10,083,110 76

For the three months ending September 30, 1901, a dividend was declared at the rate of six per cent per annum. For
the remainder of the fiscal year the Chicago Burlington &
Quincy Railway Company has paid as rental dividends at
the rate of seven per cent per annum on the stock of the
Chicago Burlington & Quincy Railroad Company. The dividends upon the stock of the Railroad Company deposited as
collateral security for the Great Northern-Northern Pacific
joint Chicago Burlington
Quincy
Collateral 4 per cent bonds were, for the convenience of all
concerned, applied directly to the payment of the interest
on these bonds. The details are shown below.

&

Railway Companies

Balance

Joint

fore been excluded.

CAPITAL STOCK.
The Capital Stock of the Chicago Burlington
Railroad Company, at the date of the last Report
was
Issued during the year in exchange for C. B.
vertible

Bonds

of

C. B.

&

Q.

Quincy

$110,577,700
Q. Con-

222,900

Aggregate of Capital Stock on June 30, 1902

$110,800,600

FUNDED DEBT.
Railroad

Company

was

of the Chicago Burlington 8c Quincy
at the date of the last Report
$147,204,300

The additions during the year were as follows
& Q. Illinois Division 3^

:

C. B.

Bonds.
April 1,1902,1% per cent
July 1, 1902, 1% per cent

&

The Funded Debt

Collateral

September 25, 1901, l^ per cent
January 1, 1902, 1% per cent

&

1903

$10,083,11076

Dividends on stock of the Chicago
Burlington & Quincy
Railroad
Company not deposited as collateral
for Northern Pacific-Great Northern

Note.—The Earnings and Expenses of all roads owned or controlled
by the C. B. & Q. RR. Co. are included above; but the tons and passengers carried one mile do not include those of the narrow-gauge roads.
In figuring the earnings per ton and per passenger per mile, the
freight and passenger earnings of the narrow-gauge roads have there-

per cent Bonds of 1949.
Sold
Issued in exchange for C. B.
7 percent Bonds of 1903

$46,470 00
54,969 25
55,753 25
56,409 50

&

$7,578,000
Q.

1,397,000

$8,975,000

&

M. R. RR. in Neb. Consolidated Mortgage 6 per cent Bonds
of 1918 sold

B.

$213,602 00
Interest for the year on $215,153,000
Northern Paciflc-Great Northern Joint
C. B. & Q. Collateral Bonds at 4 per cent. 8,606,120 00

8,819,72200

26,000

The reductions during the
year were as follows
Exchanged and Canceled
:

Surplus

*1,263.388 76
1901-2

COMPARED WITH

1900-1.

Gross Earnings from Operating in 1901-2
In 1900-1

$3,743,256 50

Operating Expenses and Taxes in 1901-2
In 1900-1

$35,68 ,S7^ ?3
34,068,907 97

Increase in 1901-2

In 1900-1

changed for

$53,795 245 47
50,051,988 97

Increase in 1901-2

Net Earnings from Operating

:

$1,613,967 56
in 1901-2

$18,112.369 94
15,983,081 00

Increase in 1901-2

"$2,129/288 94

Percentage of Operating Expenses (including Taxes)
to Gross Earnings in 1901-2
in i9oo i
:::::::::

& Q.

Consolidated Mortgage
7 per cent Bonds of 1903 ex-

C. B.

C. B.

& Q

Division 3*2 per cent

Illinois

Bonds

of

1949

1,397,000

Purchased
for
Sinking
Funds and canceled
:

& Q. 5 per cent Bonds of 1919
(Iowa Division)
C. B. & Q. 4 per cent Bonds of 1919
(Iowa Division)
C. B. & Q. 4 per cent Bonds of 1927
C. B.

Converted into Stock
C.

:

Q. Convertible 5 per cent
Bonds of 1903

6533
es-oV

Tarkio Valley 7 per cent Bonds of

Nodaway Valley 7 per cent Bonds
of 1920...

Increase in 1901-2

Grose Earnings from Passengers in 1901-2
In 1900-1
Increase in 1901-2

222,900

Purchased and Canceled
1920

Total number of Passengers carried one mile in 1901-2,
exclusive of Free Mileage
In 1900-1

154,000
177.000

B &

1-74

Decrease in 1901-2

74,000

600 136 909
533,186,^04
66,950,705

$12,857,266 86
Ii;e24;745 90
$1,232,520 96

Paid at Maturity
C. B.

11,000
10,000

:

& Q. 5 per cent Bonds of 1901

2,087,000
4,132,900

4,868,100
Total Funded Debt of the C. B. & Q. RR. Co. on June 30,
1902....
$152,072,400
For detailed statements of which see page3 32 to 42 of pamphlet report

:

.

LENGTH OF ROAD.
Number of Miles

of Road owned and leased by the Company,
including all Branches, on June 30, 1901
7,736*62
Number of miles of leased Road operated jointly with other
175-01
companies

Total number of miles operated by the Company June 30,
7,911*63
1901, as stated in the last Annual Report

There have been added during the year:
In Montana and Wyoming.

Miles.

A branch from Toluoa, Montana, to Cody, Wyoming.

130*15

In Illinois and Missouri.
Under date of October 5, 1901, this Company leased
from the Chicago & Alton Ry. Co. the use of its
track and bridge from East Louisiana,

111.,

Mo

Add for sundry

2*07

and corrections

133*40

1*18

&Q. RR.

all

8,045*03

miles leased and operated jointly with
other companies
C. B.

RR. Co. also controls the
Ry., operating

Kansas City
203*14

Total

8,248*17

124*35

Divisions

Total Standard-Gauge mileage operated on June 30,

1902
8,12382
Average number of miles operated during the year.
8,109*08
Note.— For details of the above mileaga, see pages 43 to 47 of pamphlet report. In addition to the above standard-gauge mileage, the
Chicago Burlington & Quincy RR. Co. controls 229*22 miles of narrow-gauge road.

LENGTH OF SECOND TRACK.
Miles.

of Second

Track on June 30, 1901, was.... 42316
40 98

Built during the year
Deduct for changes and corrections

*04

Extending Line and Widening Gauge, Iowa... 55,11106
Land and Right of Way
36,253 35
New Tracks
11,591 11
New Bridges
4,016 70
Buildings
Miscellaneous Construction

40*94
464*09

CONSTRUCTION AND EQUIPMENT.
Expenditures.
Expenditures for Construction during the year ended June
30, 1902, on the Chicago Burlington & Quincy Railroad and
Branches in Illinois and Iowa were as follows
Reducing Grades in Iowa, including Land
and New Second Track
$2,189,979 10
Improvements at Gah-sburg, 111
93,081 91
Improvements at Galena, Jet., Ill
32,644 55
Improvements at La Crosse, Wis
20,939 25
Improvements at Riverside, 111
19,669 93
Improvements at La Grange, 111
16,321 94
New Buildings and Waterworks
64,880 66
New Side Tracks
120,225 33
New Bridges
29,566 09
New Interlocking Plants
lit,48i 86
New Telegraph Wire
14,773 12
:

Miscellaneous Construction

24,577 05
$2,646,140 79

the Burlington & Missouri
River Railroad in Nebraska and

On

Alliance, Neb., via Northport to Hart-

Wyo. (complete^)
Denver & Montana RR. from Northport,
ville,

Neb to Bru-h, Colo, (completed)
Branch, Toluca, Mont., to Cody, Wyo.
,

(completed)
Electric Lines, Black Hills, So. Dakota...

Tarkio Lake, Riprap
New Side Tracks
New Buildings
New Bridging

New Ballast
New Fencing

Miscellaneous Construction

$76,880 48

3,005 58

There were added during the year to the Equipment of the
Chicago Burlington & Quincy Railroad Company
:

Engines
Passenger & Combinat'n Cars.
Baggage, Mail & Express Cars

2

10

Way

Cars
Box and Stock Cars
Coal and Flat Cars

&

Q,

RR.

Co.

on June

2
27
1,143
30, 1902,

Engines
20
1,175 Officers' and Pay Cars
Passenger and Combination
Way Cars (2)
561
Cars (i)
712 Boarding Cars (2; (4)
63
Baggage, Mail and Express
Wrecking Cars (3)
10
Cars (M
32,715
266 Box and Stock Cars (2)
Dining Cars.
19 Coal, Flat and Ore Cars (5) .11,279
Note.— (i) 1 Mail Car changed to Passenger and Baggage Car.
(2) 13 Box Cars changed to Way Cars; 6 to Boarding Cars; 737
to Coal and Flat Cars; 73 transferred to Company's service*. 5 deducted account of error in 1901.
(3) 4 Wrecking Cars transferred to Company's service.

Bunk Car, Company's service, changed to Boarding Car.
26 Coal and Flat Cars transferred to Company's service.
The Equipment of the standard-gauge railroad companies
Quincy Railroad
controlled by the Chicago Burlington
Company on June 30, 1902, was as follows
19
Engines
36 Way Cars
5
Passenger & Combination Cars 27 Boarding Cars
816
Baggage, Mail &Express Cars. 7 Box and Stock Cars
Officers' Car.395
1 Coal and Flat Cars
There were added during the year to the equipment of the
narrow-gauge railroad companies controlled by the Chicago
1

(&)

&

Burlington

& Quincy Railroad Company

:

Engines

And by
road

the purchase of the Black Hills

&

1
Ft. Pierre Rail-

:

2
Engines
,.
7 Way Cars
22
Passenger & Combination Cars 2 Box Cars
125
2 Coal and Flat Cars
Baggage, Mail & Express Oars.
The Equipment of the narrow-gauge railroad companies on
June 30, 1902, was as follows
6
Engines
26 Wrecking Cars
231
Passenger & Combination Cars 18 Box and Stock Cars ('-)
Ore Cars
432
Baggage, Mail <fe Express Cars. 6 Coal, Flat and
6
Way Cars
Note.— (i) 8 Box Oars not reported last year; 99 Box Cars Sold; 10
Stock Cars Sold.

GENERAL REMARKS.

980,99710
15,451
59,329
139.95K
114,217
145,079
96,699
22,595
17,361

57
36

The length of standard-gauge road operated on June 30,
was 8,124 miles, against 7,912 miles on June 30, 1901.
The average number of miles of standard-gauge road operated in 1901-2 was 8,109 miles, against 7,753 miles in 1900-1.
The gross earnings per mile of road operated were $0,634 02
in 1901-2, against $6,404 63 in 1900-1. The operating expenses, including taxes, per mile, in 1901-2, were $4,400 40,
98 against $4,13t5 75 in 1900-1. The percentage of operating
expenses, including taxes, to gross earnings, in 1901-2, was
1902,

91

27
54
02
96
01
1,711,442

the Missouri Lines of the Chicago Burlington & Quincy Rail-

per cent in 1900-1.
of tons moved one mile on the standard-gauge
roads increased 19*18 per cent as compared with 1900-1 and
freight earnings increased 7*16 per cent. Passengers carried one mile increased 12*55 per cent and passenger earn66*63, against 68*07

The number

:

Macon, Reduoing Grades
Brookiield, Improvements and Reducing

20

The Equipment of the C. B.
was as follows

42,874 76

On

Gra-ies

$250,798 28

:

Branches
Nebraska Wyoming & Western RR., from

Harlem, New Yards
New Tracks

2,464 18
1,148 96

$253,803 86

(*)

Total

road

46,683 11
15,095 48

EQUIPMENT.

Deduct for mileage operated jointly by two or more

The number of miles

$3,263 69

Expenditures for Construction during the year on the
narrow-gauge roads controlled by the Chicago Burlington &
Quincy Railroad Company were as follows:
Track to Galena Mining Camp, Black Hills.... $78,434 33
Third Rail, Englewoodto Lead andLead Yards,

Total.

8,045*03

& Q.

Omaha

626 88

Total

177*10

Total as above
<fc

$2,636 81

Cost of New Equipment paid for during the year
and charged Equipment Account

7,867*93

Number of
The

36 00

Cost of New Equipment paid for during the
year and charged to Equipment Account

by the Company,

branches

$2,600 81

Way

New

Total Standard-Gauge mileage operated by the C. B.

including

of

Black Hills
Electric Line, Black Hills

to Lou-

small changes due to re-looation of

Co. on June30, 1902
Divided as Follows:
Number of miles owned and leased

Land and Right

LXXV.

[Vol.

New Side-tracks
Miles.

line

.

THE CHROMbJLK

858

isiana,

:

:

$147,245 41

48,26142
29,806 45

ings increased 1060 per cent. The percentage of operating
expenses to gross earnings decreased 1*74 per cent.
The total amount at the credit of the Sinking Funds on
Riprap
18
Land and Right of Way
June 30, 1901, was $21,599,245 25. The Sinking Fund five per
03
Miscellaneous Construction
81
cent bonds of the Company maturing October 1, 1901, having
572,209 36 been paid and canceled, and the securities held in that
On the Keokuk & Western DiviFund, amounting to $2,436,097 08, covered into the Comsion of the Chicago, Burlington &
pany's treasury, $19,163,148 17 remained at the credit of the
Quincy Railroad :
other Sinking Funds of the Company as of June 30, 1901.
New Ballast
$9,824 69
This amount was increased during the year by the sum of
Buildings
New
5,875 26
$1,189,141 96, of which $623,131 was paid directly from the
Miscellaneous Construction
1,132 77
16,832 72 earnings of the year, and the remainder, $566,010 96, was the
Add balance at Debit of Premium and Discount on
accumulation of interest on bonds held in the Funds. This
Bonds sold and purohased
13,809 34
increase was used in purchasing $1,203,600 bonds, of which
Total amount charged Construction Account during
$405,000 were canceled and $798,600 remain uncanceled in
the year
$4,960,435 19 the Sinking Fund investments.
Cost of New Equipment paid for during the year and
For further details relating to the affairs of the Company,
charged Equipment Account
1,027,816 91
reference is made to the Report of the Treasurer and finanTotal
$5,98*3 ,252 10 cial statements in pamphlet report.
Expenditures for Construction and Equipment during the
By order of the Board of Directors,
GEORGE B. HARRIS,
year on the standard gauge roads controlled by the Chicago
President
Burlington & Quincy Railroad Company were as follows:

New Buildings
New Bridging
New Ballast and

159,2 "3 74

32,666
45,672
82,023
22,289
4,971

27
05

:

0CT03EB

THE CHRONICLE,

18, 1902.J

GENERAL BALANCE SHEET, JUNE

859

30, 1902.

Liabilities—

Assetsof Road and Equipment
Cost of Investments in Securities of

Co st

$294,277,364 27

Controlled Roads:

Davenport. Rock Island & North$1,803,459
western RR. Co
1,150,489
Kansas Citv & Omaha Rv. Co
1,013,301
Jacksonville & St. Louis RR.Co
3,092,856
Narrow Gauge Railroads

40
99
34
94
7,060,107 67
7,910,307 68

Sundry Investments
Trustees of Sinking Funds, showing the cost of uncanceled securities and cash awaiting investment held
in Sinking Funds.
Material and Supplies
Sundry Available Securities
Sundry Accounts and Bills Receivable

12,673,355
3,546,037
1,018,000
6,348,990
8,111,097

Cash on hand

03
03
08
04
40

Capital Stock (see ConsolidatedGeneral Balance Sheet) $110,800,600
Funded Debt (see Consolidated General Balance Sheet
152,072,400
and pages 10, 32 to 42 of pamphlet report)
75,467
Matured Coupons, not presented
10 mature July 1, 1902
2,109,300
Coupon interest
and Pay Rolls
5,612,949
Unpaid vouchers
556,890
Burlington Voluntary Relief Department Fund
340,245
Fire Insurance Fund
1,673,564
RepUcementFund
4,543,932
Sundry current accounts
10,000,000
Renewal Fund
19,7*5,021
Income Account
13,022,599
Profit and Loss ...

00
00
00
00
88
17
08

39
06
00
32
17

Sinking Funds, showing the total of payments to and
accretions of Sinking Funds for—
C. B & Q. 4 and 5 per cent Bonds of
$4,415,734 45
1919 (Iowa Division)
C B. &Q. 4 per cent Bonds of 1921... 1,393,673 48
cent Bonds of 1922
C. B. & CJ. 4 per
2,541,97610
(Denver Extension)
C. B & Q 4 per cent Bonds of 1927
3,264,344 55
(Nebraska Extension)
B.&M. R RR. in Nebraska 6 per cent
5,621,848 73
BOnds of 1918
B. & M. R. RR. in Nebraska 4 per cent
2,457,440 06
Bonds of 1910
Republican Valley RR. 6 per cent
409,323 85
Bonds of 1919
Lincoln & North Western RR. 7 per
247,948 91
cent Bonds of 1910
20,352,290 13

$340,945,259 20

$340,945,259 20

RAILROAD COMPANY.

ERIE

EXTRACTS FROM THE SEVENTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE

New York,

October

13, 1902.

To the Bond and Shareholders of the Erie Railroad Co.:

EARNINGS AND EXPENSE8.
The following statement shows the gross earnings, expenses and net earnings from operations for the fiscal year
of the entire system (excepting the New Jersey & New York
Railroad and the Coal Companies)
Earnings.

From—
Freight
Coal
Passenger
Mail

Express
Rents
Miscellaneous
Total Earnings

For—

1902.

$707,697 31
198,420 64
7. 797.672 41
D. 23,019 07
7.100.519 01
J. 25,99148
D. 15,150 31

7.

T.

$40,894,433 89 $39,102,302 42

1,792,131 47

7.

Expenses.

Maintenance of Way
and Structures..
$3,931,145 57
Maintenance of Equipment
5,606,29914
Conducting Transportation
16,561,64717
General Expenses....
999,186 77
Taxes
1,028,32154
Total Expenses

Inc. or Dec.

1901.

66 $20,247,910 35
9,235,50654
9,037,035 90
8,075.72616
7,278.053 75
468,90131
491,920 33
777.S38 80
677,319 79
162.247 95
136,256 47
1,218,605 47
1,233,755 78

$20,9-">5,607

$4,288,894 67 D. $307,749 10
6,057,250 12

D.450,95098

16,138,78708
85v,647 35
1,069,395 05

7.422.860 09
7.146,539 42
D. 41,073 51

... .$28,176,600 19 $28,406,974 27
Earnings from
Operations
$12,717,833 70 $10,695,328 15
Ratio of Expenses to
earnings
68-90%
72-65%

7>.

Net

7.

$230,374 08

$2,022,505 55
7>.

3*75%

As shown above, the increase in gross earnings was
$1,792,131 47, or 4*58 per cent over the preceding year, while
the operating expenses decreased $230,374 08, or -81 per cent,
as compared with the previous year, the net earnings being
$12,717,833 70, an increase over the year 1901 of $2,022,505 55, or 18*91 per cent.
The ratio of Operating Expenses (exclusive of taxes) to
Earnings was 66*39 per cent,

MERCHANDISE FREIGHT.
The merchandise freight hauled during the year was 15,286,081 toDS, an increase of 1, 56u,686 tons, or 11*37 per cent.
The number of tons moved one mile was 3,094,640,680, as
compared with 3.150,581,872 the previous year, a decrease of
55,941,192 ton miles, or 1*78 per cent.
The increase in revenue from the haulage of merchandise
freight was $707,697 31, or 3-50 per cent over the previous
year.
The average rate received per ton per mile was -677 cents,
as compared with -643 cents the previous year, an increase
of "034 cents, or 5*29 per cent.
The average haul was 202-45 miles, as compared with
229-54 the previous year, a decrease of 27*09 miles, or 11*80
per cent.
The tonnage moved increased 11*37 per cent; the average
haul, however, having been 27*09 miles, or 11*80 per cent
less, resulted in a decrease of 178 per cent in the number of
tons moved one mile.
The decrease in the number of tons moved one mile was
due to crop and market conditions whereunder the tonnage
of grain, flour and other mill products, and fruit and vegetables, all long distance traffic, was materially reduced.

80, 1902.

COAL.
The total c^al tonnage hauled during the year was 12,411,078 tons, an increase of 136,871 tons, or 1*12 per cent, as
compared w ith the previous year.
The tons carried one mile decreased 9*64 per cent, or 177,300,847 tons, being 1.661,699,269 tons, as compared with
1,839,000,116 the previous year.
The increase in revenue from the transportation of this
commodity was $198,420 64, or 2*20 percent.
The average rate per ton per mile was *556 cents as compared with *491 cents last year, an increase of *065 cents, or
13*24 per cent.
The average haul was 133*888 as against 149*828 miles the
previous year, being a decrease of 15*940 miles, or 10*64 per

cent.

Of the coal transported, 6,003,305 tons were anthracite, or
237,015 tons less than last year, being a decrease of 3*80 per
cent.
The bituminous tonnage was 4,999,113 tons, an increase of
639,557 tons, or 14*67 per cent, as compared with the previous year.
The coke tonnage was 1,408,660 tons, a decrease of 265,671
tons, or 15*87 per cent.
The coal tonnage of the Company was 44*81 per cent of
the total tonnage transported.
The closing of the mines in the anthracite region in the
months of May and June, due to the strike of miners, oaused
a reduction in the tonnage of anthracite coal, as well as in
the number of tons moved one mile.
During the cessation ^of operations in the anthracite region, other resources of traffic were developed, utilizing the
locomotive and car equipment which otherwise would have
been idle. The result is shown in the increased tonnage, reducing the loss in revenue caused by a lessened anthracite
tonnage.

GENERAL FREIGHT TRAFFIC.
total revenue freight traffic of the Company, including both merchandise and coal, was 27,697,159 tons, an increase over the preceding year of 1,697,557 tons, or 6*53 per

The

cent.

The tons carried one mile decreased 233,242,039 ton miles,
or 4*67 per cent, being 4,756,339,949 ton miles as against
4,989,581,988 ton miles last year.
Tie total revenue derived from the transportation of
freight was $30,191,114 20, as compared with $29,284,996 25
for the year 1901, an increase of $906,117 95, or 3*09 per cent.
The general average freight rate per ton per mile was *635
cents as compared with *587 cents the previous year, an increase of -048 cents, or 8*18 per cent, the result principally
of the increased proportion of short haul traffic to the total,
which reduced the average haul from 192 to 172 miles, a decrease of 20 miles, or 10*5 per cent.
In addition to the above tonnage, 3,087,283 tons of Company's freight were hauled, making the grand total of tonnage handled 30,784,442 tons.
In hauling this tonnage, 12,632,532 train miles were run, a
decrease as compared with the previous year of 667,504 train
miles, or 5*02 per cent.
The revenue per freight train mile was $2*39 as compared
with $2*20 the previous year, an increase of 19 cents, or 8*54
per cent. The average train load of revenue freight was
376*52 tons, an increase of 1*36 tons, or *36 per cent. luclud-

:

:

THE OHKONICLE.

860

ing Company's freight, the average train load was 399*76
tons as against 400*22 tons last year, a decrease of "46 tons,
or *11 per cent. The average car load of revenue freight
was 17*05 tons, an increase of *16 tons, or *95 per cent Including Company's freight, the average carload on the system was 18*10 tons, an increase of '08 tons compared with
the previous year.

PASSENGER TRAFFIC.
total number of passengers transported during the
year was 18.597,550 as compared with 17,209,900 the previous
year, an increase of 1,387,650 passengers, or 8*06 per cent.

The

[Vol.

LXXY,

10 new consolidation locomotives were purchased and
60,000 was charged to Operating Expenses on that account.
21 locomotives were remodeled at the Company's shops at
a cost of $55,899 79, and charged to Operating Expenses.
The total number of locomotives at the end of the fiscal
year was 1,154, an increase of 45 over the previous year.
The decrease in the expense of repairs and renewals of
freight cars was caused by the less number of cars destroyed
and torn down, the reduced number of freight cars requiring
the application of air brakes, and by discontinuing the practice of making extensive repairs to old light-capacity freight
cars.

Payments on account of the cost of 544 box cars purchased
The number of passengers transported one mile was 524,679,237, an increase of 55,008,849 passenger miles, or 11*71 the previous year, amounting to $37,934 33, have been made
per cent.
The increase in gross revenue therefrom was $797,672 41,
or 10*96 per cent.
The average fare received from each passenger per mile
was 1*539 cents as against l 550 cents last year, a decrease
of *011 cents, or *71 per cent.
The average distance traveled was 28*2 miles as compared
with 27*3 miles the preceding year, an increase of '9 miles,
or 3*4 per cent.
The average revenue received from each passenger was
43*4 cents as against 42*3 cents, an increase of 1*1 cents.
In handling the traffic 8,514,974 train miles were run, an
increase of 3*32 per cent as compared with the previous year.
The earnings per passenger train mile were $1 12 as
against $1 04 for the year 1901, an increase of 6*89 per cent.
The average number of passengers in each train was 61*62
as against 56*99 passengers last year, an increase of 4*63
passengers, or 8*12 per cent.
The average number of passengers in each car was 18*30,
an increase of 1*09 passengers, or 6*33 per cent.
While the volume of the business increased 8*06 per cent
and the earnings 10*96 per cent, the train mileage increased
3*32 per cent.
Of the total number of passengers handled, 18,018,895
were local and 578,655 were through passengers. Both
classes of traffic continue to show an increase. The decrease
in the average revenue per passenger per mile was in the
local business, the through rate showing an increase of *103
cents per passenger per mile. The average distance traveled by both the local and through passengers shows an increase, in the latter case the increase being 10*5 miles.
15,453,962 passengers were carried on the Pavonia Ferry
over the Hudson River, an increase of 851,544 over last year.
c

and charged to Operating Expenses
Air brakes were applied to 1,244 freight cars, at a cost of
$78,683, and charged ta Operating Expenses.
A reserve fund of $204,675 23, created by credits arising
from charging Expenses with the value of cars torn down is
available and will be used for replacement purposes,
There were purchased and payments, so far as made,
charged to uapital Account, forty-nine consolidation and
twenty-five ten-wheel locomotives, two thousand 60,000pound capacity box cars, one thousand 80, 000- pound capacity
steel coal cars and two 100,000-pound capacity wreckingcranes

The expense
ment increased

of Repairs
$42,385 58.

and Renewals

of Marine Equip-

This increase was caused by charging expenses with the
cost of rebuilding one car float and payments on the purchase price of two additional car floats.
The fleet of the Union Steamboat Line on the Great Lakes
and the equipment in the New York Harbor has been fully

maintained.
Conducting Transportation.

The expense of Conducting Transportation increased

$422,-

860 09, or 2*62 per cent over the previous year.
The number of tons of freight moved increased 6*53 per
cent, and the number of passengers carried, 8*06 per cent.
The number of tons of freight carried one mile decreased
4*67 percent.

The average distance each ton was moved during the current year was 172 miles, as compared with 192 miles the
previous year, a decrease of 10*-5 per cent.
Interruptions to traffic by snow storms and floods were of
frequent occurrence, thereby adding to the cost of transportation.

EXPENSES.
Maintenance of

Wat and

COAL COMPANIES.
Structures.

The financial condition of your Coal Companies at the close
The expense of Maintenance of Way and Structures shows of the year is shown by the Consolidated Balance Sheet
a decrease as compared with the previous year of $307,749 10, Table No. 17 of pamphlet report. The income account as
or 7*18 per cent. The property has been fully maintained credited with $1,702,490 90 as the net revenue received from
and substantial improvements made and charged to the these Companies during the year.
The anthracite mines suffereu a loss in tonage and an incost of maintenance.
The cost of maintaining the roadway and bridges was creased expense by reason of the miners' strike in May and
materially increased by the storms and floods which oc- June. Otherwise the general condition of the coal business
curred in the months of August, December, January, Feb- has been satisfactory.
ruary and Mar> h. The floods in December and March were
CONSTRUCTION
particularly disastrous in their consequences. An increase
of over 100 per cent in the cost of removing snow, as comThe Company's Capital or Construction Account for the
pared with the previous year, was encountered.
year is charged with $1,373,524 02, representing expenditures
55 iron bridges were replaced by new steel structures with for additions and betterments made to the property. These
heavier carrying capacity.
improvements consist chiefly of
18,355 tons of new 90-pound, and 6,367 tons of new 80Land yards, stations and buildings reducing grades and relocating
pound rail were placed in the track during the year, with tracks; oold storage plants; signal? and interlocking; removal of
;

;

the necessary frogs, switches, etc.
963,891 cross ties, and 2,312,890 feet of switch timber were
placed in the track, together with 393,384 tie plates.
105*6 miles of track were fully ballasted, and 5*7 miles of
track partially ballasted.
There were 105,048 feet, of 19*89 miles, of drain tile used.
78*76 miles of new right-of-way fencing, and 4*33 miles of
new snow fence were built.
204 miles of telegraph lines were rebuilt. 33 miles of iron
and 35 miles of copper wire were used to replace worn-out
wire. An additional copper wire between Hornellsville and
Meadville, a distance of 190 miles, and an additional wire
between North Judson and Huntington, a distance of 72
miles, were built and charged to Operating Expenses.
(For further details see pamphlet report.)

Maintenance of Equipment.

The expense of Maintenance of the Equipment shows a decrease as compared with the previous year of $450,950 98, or
7*44 per cent.
The cost of repairs and renewals of freight locomotives increased $448,165 12.
The cost of repairs and renewals of freight cara decreased
$713,782 54.
The increase in the expense of repairs and renewals of
freight locomotives was required to put them in condition for efficient service, 788 locomotives having received
general repairs, an increase of 188, or 31 per cent over the
*
previous year.
42 worn-out light locomotives were dismantled and their

inventory value charged to Operating Expenses, as compared with 12 the previous year.
About one-half of the cost of 25 consolidation locomotives
purchased the previous year, or $219,494 52, was charged to
Operating Expenses.

grade crossings.

From December

1,

1895, the date of the organization of

Company, to June 30, 1902, $5,811,878 39 has been expended in improvements and additions to the property and

this

charged to Capital Account, as follows
Removal ol Grade Crossings
Yards, Stations and Buildings
Reducing Grades and Relocating Tracks
Additional Tracks and Sidings
Signals and Interlocking
Pen Horn Creek Railroad
Goshen Railroad
Cold Storaee Plants
Coaling Stations
D-

cksand

$1,408,473 41
..

iers

Chicago Elevator
Bridges and Culverts
Creameries

816,«60 «>7
916.437 74
885,928 14
9>V<;53 35
248,462 35
62,077 63
513,728 26
133. S16 IS
254,789 47
60.000 00
64,174 67
9,72 3

Land

40

305,056 78
6,'.'98 94

Telegraph Line

$5,811,878 39

Total

EQUIPMENT.
Capital Account has been charged during the year with

(For de$3,200,014 59 for additional equipment as follows :
tails see pamphlet report).
From December* 1, 1895, to June 30, 1902, $14,098,552 15 has
been expended for new equipment charged to Capital Account, and represents the purchase of
:

204 Locomotives
8,500 Box cars, 6,500 Coal cars, 300 Refrigerator cars,
184 Flat cars, 100 Furniture cars, 6 Milk oars
25 Pat-^en^iT cars, 3 Baggage oars, 6 Horse Express cars
7 Derrick cars, 1 Rotary snow plow
2 Lake steamers, 2 Tuks
257 Canal and transfer boats, 20 Barges
chinery lor shops and other equipment

M

Total

$ 2,728,085 71
,

11
188,852 01
:>t",869 18
•-'77,684 24
181,806 16
87,176 74

10,5, 8,078

$14,098.552 15

p:

:

October

18.

THE CHRON1CLU.

1902.J

EQUIPMENT TRUSTS.
Of the Equipment Trusts assumed by your Company from
the New York Lake Erie & Western Railroad Company,
There was a balanoe on June 30, 1901, of. $857,230 00
Upon which payments have been made to
279,110 00
June 30, 1902, of
$578,120 00

Leaving a balance on that date of

Of the Trusts assumed from the New York
Pennsylvania & Ohio Railroad Company,
Thsre was a balance on June 30, 1901. of .$1,235,135 18
Upon which payments have been made to
129,931 29
June 30. 1902, of
1,105,203 89

Leaving a balance on that date of

Oragrand

$1,683,323 89

total of

Of the Equipment Trusts created prior to

this

fiscal year,

There wa3 a balance due on June 30, 1901.
$3,805,145 31

of

Upon which payments have been made
June

to

795,69125

30, 1902, of

3,009,454 06

Leaving a balanoe of

During the year Equipment Trusts have been
made covering 1,000 gondola cars, 2,000 box
cars and 60 locomotives,

861

been carried in this account, $1,093,000 00, less charges to
Union Steamboat Line old account, and other miscellaneous
charges.

The account "Securities pledged under First Consolidated Mortgage Deed," shows an increase of $1,093,000 00,
which represents the value of $965,000 00 Suspension Bridge
and Erie Junction Railroad Bonds, $5,000 00 Buffalo Bradford & Pittsburg Railroad Bonds and $123,000 00 Chicago &
Erie Railroad Income Bonds pledged with the Trustee
during the fiscal year.
The account " Securities pledged under Pennsylvania
Collateral Trust Deed," shows an increase of $13,650 00,
which is the par value of 273 shares of Pennsylvania Coal
Company's stock pledged with the Trustee during the fiscal
year, being the balance which had not been obtained by the
Company at the close of the fiscal year ending June 30, 1901.
The increases of $1,373,524 02 to "Construction," and of
$2,955,959 85 to "New Equipment," have been explained
with the exception that a portion of the cost of 25 locomotives and 544 box cars purchased during the year ending
June 30, 1901, has been charged to Operating Expenses ana
Equipment Account credited, as referred to in the report
for the year ending June 30, 1901.
The account, " New York & Greenwood Lake Railway
account of Construction and Equipment," shows an increase
of $9,863 12, being the cost of construction work on that
road.

An increase of $2,385,458 03 is shown in the account
"Miscellaneous Securities Owned," and is due to the ComMaking the total Equipment Trust outstanding as
pany having received $1,000,000 00 Erie Railroad Company's
$7,302 77~7 95
of June 30, 1902
Prior Lien Bonds as heretofore explained, $1,000,000 00 of
The total payments on account of Equipment Trusts made Erie Railroad Company Pennsylvania Collateral Trust Four
Per Cent Gold Bonds, $250,000 00 of Erie Railroad Comduring the year amounted to $1,204,732 54.
pany's Car Trust Certificates, Series " E," and various
other securities which have been purchased and are held in
CAPITAL STOCK AND FUNDED DEBT.
the Treasury, less $47,000 00 of Car Trust of New York CerNo change has been made during the year in the out- tificates which have been redeemed,
standing Capital Stock, which stands as follows
There is $149,781 96 more invested in materials at the close
A ii ftvi p(i Tiffin.
T^Miififf
of the fiscal year than at the close of the year ending June
Amounting

2,610,000 09

to

tJi

tt

Non-cumulative 4 per cent 1st Preferred.. $48,000,000
16,000,000
Non-cumulative 4 per cent 2d Preferred..
113,000,000
Common

$47,892,400
16,000,000
112,378,900

30, 1901.

The "Chicago & Western Indiana Sinking Fund" shows
an increase of $67,948 41, caused by the payments required
$177,000,000 $176,271,300 under the terms of the Chicago & Western Indiana ComTotal
Of the Prior and General Lien Bonds secured by the First pany's mortgage.
The account "J. P. Morgan & Co., Trustees, Pennsylvania
Consolidated Mortgage Deed, an additional $1,000,000 00
Collateral Sinking Fund," $29 74, represents the balance of
Prior Lien and $1,028,000 00 General Lien Bonds have been
cash in the hands of the Trustees after the redemption of
issued and the $1,028,000 00 General Lien Bonds sold during
$222,000 00 par value of bonds from the proueeds of the Sinkthe year.
The total amounts of bonds issued under that mortgage, ing Fund for the year ending December 31, 1901.
"Pennsylvania Collateral Trust Bonds Redeemed,- $211,
now outstanding, are
115 63" is a new account and is the amount paid by the Trus$35,000,000 00 tee for the redemption of $222,000 00 of bonds.
Prior Lien Bonds
35,885,000 00
General Lien Bonds
The account "Due from Subsidiary Companies," shows an
The statements published herewith show in detail the increase of $315,143 88, largely due to increased advances to
Company's entire funded debt, rentals of leased lines and the Erie Coal companies.
other fixed obligations as of June 30, 1902.
There was no change in "Capital Stock" during the year
and the increase in "Bonded Debt" has been heretofore ex-

INCOME ACCOUNT.

plained.

The Income Account, Table No. 2, shows the sources of the
Company's income for the year were as follows:
Gross revenue from operations
Operating expenses, additions, improvements

..$40,894,433 89

and
28,176,600 19

taxes

Net income from operations
Income from securities owned, etc
Total income

$12,717,833 70
1,945,207 89
$14,663,041 59
10,278,364 58

...,

Interest and rentals

Balance

$4,384,677 01

Less: Dividends on Preferred Stock,
No. 2, payable February 28. 1902
No. 3, payable August 30, 1902

$718,386 00
718,386 00

Leaving a balance to the credit of Profit and Loss of.

. .

1,436,772 00

$2,947,905 01

The account, "Construction Obligations," shows an increase of $114,972 81, and is caused by additional amounts
due the City of Buffalo for grade crossing work, less payments of $12,000 00 maae on Construction Notes of the New
York, Lake Erie
Western Railroad Company.
The increase of $199,657 09 in the account, "Accrued Pennsylvania Coal Company's Sinking Fund," represents 10 cents
per ton on all coal mined from the mines of the Pennsylvania Coal Company during the fiscal year.
The current Assets exceed the current Liabilities $2,753,293 57.
Of the securities for Construction purposes received from
the Erie Reorganization Committee, $2,750,655 22, there have
been converted into cash the following

&

:

Value as placed

Cash
Bonks
Realized
Jan.. 1897
from Sale.
$115, 200 00 Buffalo & Southwestern 2d Lien Bonds. $126,720 00
405,000 00 Erie RR. Company's Prior Lien Bonds.
414,000 00
364,055 22 New York & Greenwood Lake Railway
Prior Lien Bonds
385,57022
1,034,400 00 Erie RR. Co.'s General LlenBonds
1,214,908 93
630,000 00 Delaware & Hudson Exclusive Car
Trust Certificates.
630,000 00
108,000 00 Car Trust of New York Certificates
108,000 00

on

FINANCIAL.

The
fiscal

No.

financial condition of the

year

is

Company at

the close of the
sheet, table

shown by the general balance

4.

Of the Prior Lien Bonds, amounting to $5,000,000 00 reserved under the General Consolidated Mortgage deed for
construction and equipment purposes, $4,000,000 00 were obtained and sold prior to this fiscal year, and $1,000,000 00
have been received during the year and are held in the
treasury.

Of the $17,000,000 00 General Lien Bonds reserved for construction, purchase or construction of rolling stock, etc.,
$1,000,000.00 have been received during the fiscal year. This
is the second million dollars of the bonds so reserved which

the

.

$2,656,655 22

$2,879,199 15

In addition to these securities there have been certified
by the Trustees and turned over to the Erie Railroad Company to reimburse it for expenditures already made, or to be
made in the future, the following:
$5,000,000 Erie Railroad Company's Prior Lien Bonds and
$2,000,000 Erie Railroad Company's General Lien Bonds.
Of these securities there have been converted into cash
the following:

have been delivered by the Trustee. The Company has
also received from the Trustee $28,000 00 of General Lien
Bonds, being $23,000 00 in exchange for the balance of Suspension Bridge & Erie Junction Railroad Bonds and $5,OasJi Realized
Par Value.
000 00 in exchange for Buffalo. Bradford and Pittsburg Railfrom Sale.
$4,000,000 00 Erie RR. Company's Prior Lien Bonds $3,599,884 27
road Bonds, making the total amount of bonds received
2,000,00000 Erie RR. Company's General Lien Bonds 1,634,11111
during the year $1,028,000 00, all of which have been 3old.
Your Company is entitled to $688,708 33 more of these bonds
$6,000,000 00
$5,233,995 38
on account of Equipment Trust payments.
" Erie Railroad Properties, including Leased leaving still in the Treasury securities for Construction as
The item
Lines," shows a decrease of $929,619 29. This decrease rep- follows:
resents the value of securities pledged under the First Con- Car Trust of
New York Certificates, Par Yalue
$94,000 00
solidated Mortgage deed, the cost of which has heretofore Erle.Railroad Company's Prior Lien Bonds
1,000,000 00

THE CHRONICLE.

862

The Erie Railroad Company has received cash from all
sources for Construction and Equipment purposes from December 1, 1895, to June 30, 1902, as follows :
$500,000 00 From sale of Erie & Wyoming Valley Railroad Stock.
500,000 00 Cash received in settlement with the National Transit
Company on account of an old claim.
4,343,850 13 Cash turned over by the Erie Reorganization Committee

construction funds, and sold June 1, 1899, by the
Erie Railroad Company.
Amount received account of the sale of the Union Dry
Dock Franchises, etc.
Amount returned June 14, 1901, by the English Government account of Special Tax Deposit by the Erie
Reorganization Committee.
Amount received to purchase Erie Wyoming Valley
Railroad Equipment.

107,989 22

&

230,227 05

lxxv.

the last annual report, were continued, and the balance of
the property required for the purpose has either been purchased or secured under long leases. Preparations are under way to transfer the local freight yard from 23d Street to
the new site.
The enlargement of the anthracite coal transfer and storage plant at Hammond near Chicago, to double its previous capacity was completed during the past year.
The coal-storage plant, with a capacity of 150,000 tons,
near Rochelle Park, was completed during the past year
and is now in operation.
To provide facilities for handling the constantly growing
freight traffic of your Company, additional property has
been acquired at Secaucus, Paterson, Waldwick and Allendale, on the New York Division at Saco, on the Wyoming
Division, and at Ferrona, State Line and Randall, on the
,

2,879,19915 Cash realized from sale of securities turned over by
the Erie Reorganization Committee.
5,233,995 38 Cash realized from the sale of securities obtained
from the Farmers' Loan & Trust Company, Trustee.
2,500 00 Received from sale of P. C & Y. R. R. Bonds turned
over to the Erie Railroad Company by the Receivers
of the New York, Lake Erie & Western Railroad.
457,867 50 Cash realized from sale of Capital Stock o f the Northern Railroad Company of New Jersey, originally
paid for by the Erie Reorganization Committee from
200,000 00

iyoL.

$14,455,628 43

for the following purposes
$457,867 50 For purchase of Northern RR. Co. of New Jersey
Stock, as explained above.

which has been expended

:

4,960,574 70 New Construction.
9,001,887 15 New Equipment.
Western Car Trusts.
1,729,611 68 Old New York Lake Erie
65,000 oo Payment of Mortgages on Real Estate.
348,377[50 Disbursed on acoount of Union Steamboat Company
in liquidating its affairs and in building or acquiring
additional propertv.
124,972 43 LiauidatinK Receivership, New York Lake Erie &

&

Western RR. Company.
$16,688,290 96

Your Company has, therefore, expended from its current
cash for Construction and Equipment purposes to June 30,
1902, $2,232,662 53, for which it is entitled to be reimbursed
in part from the proceeds of the sale of the $1,000,000 Prior
Lien Bonds in the Treasury and from $1,000,000 General
Lien Bonds, to which it is entitled, but which have not yet
been obtained from the Trustee.
In addition to the above your Company has expended for
Construction on the Erie & Wyoming Valley Railroad, and
on account of the Pennsylvania Coal Company and the
Delaware Valley & Kingston Railroad properties, $363,126 51,
for which it is entitled to be reimbursed from the proceeds
of the sale of Erie Railroad Company Pennsylvania Collateral Four Per Cent Gold Bonds now in the Treasury.
Your Company's accounts for the year have been examined by Messrs. Haskins & Sells, certified Public Accountants, in accordance with the usual practice. The result of
this examination is stated in the Accouutants' certificate
published herewith.

GENERAL REMARKS.

;

Mahoning

Division.

During the year 86 manufacturing industries with track
connection were located on the line of road and 62 were
located where they are reached through payment of switching charges to other Companies.
$16,683,220 53, or 61 per cent of the total operating expenses was paid by the Company direct to labor, being distributed among 30,897 employes.
An agreement was made between the Hillside Coal
Iron Company and the Delaware & Hudson Company for
the purchase at junction points of the latter company's tidewater and western coal, and the purchase by your Company
of the floating equipment of the Delaware & Hudson Company in the New York Harbor, their coal yards and trestles
at Buffalo, Rochester and Cleveland, and their dock improvements at Chicago.
During the year additions and improvements aggregating
$1,257,857 48 nave been made to your Company's property
and equipment, $249,501 50 of which is shown as an addition
to operating expenses for the year, and the balance, $1,008,355 98, included therein.
With a view of determining the actual expense of maintaining and operating the Railroad, independent of other
operations in which your Company is interested, and to conform the best known practice, your Board has authorized a
change in the method of accounting, whereunder the earnings
and expenses of the rail lines will be shown separately from
those of the Water Routes, Shipping and Coal Storage Plants,
Elevators, Stock Yards, etc. The plan also provides for a
separate account 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 actual cost of maintenance and operation, and
the extent of improvements made to the property. For the
purpose of making comparisons with the previous year, the
report submitted herewith has been prepared on the former
basis, in addition to the new.
The operations for the year are shown in detail in the ac-

&

companying

Negotiations for the acquirement of property between
28th and 29th Streets and between 13th and 11th Avenues,
in New York City, for a new freight yard, referred to in

tables.

Respectfully submitted by the Board.
F. D.

UNDERWOOD,
President.

THE PACIFIC COAST COMPANY.
EXTRACTS FROM THE ANNUAL REPORT— FOR THE YEAR ENDING JUNE
To the Stockholders oj the Pacific Coast Company;
The following report of the business and operations of your
Company for tbe fiscal year ending June 30th, 1902, is respectfully submitted.

There has been no change in the Funded Debt or Share
Capital.

STEAMSHIP DEPARTMENT.
The Pacific Coast Steamship Company, operating its own
and the vessels of The Pacific Coast Company, under lease
to it, had net earnings in excess of last year to the amount

of $67,640 28.
The result of the operations of the steamship "City of
Seattle," the purchase of which was referred to in the last
annual report, was satisfactory.

The passenger and cargo steamship "Spokane" was placed
February 2, 1902. The vessel is well adapted

in commission

to the requirements of the southeastern Alaska route for

which she was designed, and accommodated the excursion
the season closed subsequent to the date of this
report with satisfaction and profit.
The steamship "Ramona" (see last annual report) has not,
owing to labor troubles, been completed. It is expected the
vessel will be delivered by the builders before August 20.
The collier "Willamette" was, pursuant to the terms of
the contract, referred to in previous report, delivered on
June 28, 1902, and immediately placed in commission.
The Steamship "Valencia," iron length, 252 feet beam,
34 feet depth, 19 feet ; speed, 11 knots capacity, 133 first,
102 second-cabin passengers, and 1,100 tons of freight, was
traffic for

;

;

;

;

purchased February 7, 1902.
The steamers "State of Washington" and "Sehome," and
the good will of the owners were purchased May 11, 1902,
and are being operated on Pugut Sound between Seattle
and Bellingham Bay.

80, 1902.

The steamer "Alexander Duncan," owing to her limited
was
capacity and age, could not be profitably operated
converted into a coal barge and is used for delivering fuel
to the vessels in San Francisco Bay.
The steamship "Bonita" was re-boilered, generally improved and assigned to service between Juneau and Sitka,
Alaska.
The steamship "Umatilla*' will in the near future be given
The boilers intended for the
a thorough overhauling.
"Walla Walla" will be installed.
It will be noticed by reference to the exhibit of the Depreciation and Renewal Fund that "extraordinary expenditure" were made on vessels to the extent of $140,410 95.
There was also expended for repairs and charged to operating
$140,833 70. The balance to the credit of the Steamship
Depreciation and Renewal Fund, June 30, 1902, was $394,645 18.
For the past three years the annual appropriation to this
fund from income has been $200,000 00. The condition of
the fleet will now permit the Board of Directors to reduce
the yearly appropriation to $100,000 00, effective July 1, 1902.
The "Cottage City," bound south from Skaguay, carrying
277 passengers and 641 tons of freight, broke her thrust shaft
October 14, 1901. She was towed to Seattle by the Alaska
Steamship Company's vessel "Dirigo." The owners of the
"Dirigo" libelled the "Cottage City" and filed claim for
$35,000 00. Repairs have been made and claim is being
contested account of the underwriters.
The Steamship "Walla Walla," with a passenger list of 71,
crew of 80 and 1,158 tons of freight, bound north from San
Francisco, via Victoria, B. C, to Seattle, was run into by
the French bark "Max" off Cape Mendocino, California,
January 2, 1902, 4:05 A. M., and sank in thirty -five minutes.
Sixteen passengers and twenty of the crew were lost. The
necessary legal steps limiting our liability to the prepaid
;

;

October

THE CHKONTflLR

18, 1903.]

freight and passenger money were taken and the amount
Notwithstanding our immunity from
paid into court.
damage claims under the law, liberal contributions were
made to needy survivors. The vessel was insured for her
full value and tbe amount collected from the underwriters.
The wharf, warehouses and site at Gaviota, Santa Barbara
County, California, which had been under lease for thirteen
years, were acquired.
RA.IL LINE8.

The net earnings of the Pacific Coast Railway increased
$28,019 61. The crop prospects for the coming yaar are
excellent and we look forward to good earnings. The roadbed and equipment have been well maintained. The locomotives have been converted into oil burners and obtain
their supply from the Careaga field, tributary to your line.
The quality of the oil and the result of the development
warrant the prediction that the output of that field will, in
the near future, become an important factor in this industry.
Oil storage tank has been erected at San Luis Obispo new
depot and water tank at Los Alamos. The lumber yards
and grain warehouses on this line show acceptable increases.
The Port Townsend Southern Railroad continues to be
;

operated at a

loss.

;

.

Fifty four per cent of the gross earnings

was expended on roadbed and structures.
The net earnings of the Columbia & Puget Sound Railroad
continue satisfactory, being practically the same as last
year. Liberal expenditures were made for maintenance of
roadbed, structures and equipment.

Eight thousand five
hundred and sixty-seven feet of sidings and spurs were conFifteen
structed to accommodate additional industries.
hundred leet of 2'25 per cent grade were reduced to the
maximum on this line, 1*2 per cent. Three thousand seven
hundred and forty-two lineal feet of trestle bridges were
filled, in addition to completing the nine hundred and
twenty-eight feet referred to in the last annual report.
In furtherance of the policy of the Board of Directors of
improving real estate reserved from sale in the City of
Seattle, a one-story, frame warehouse, 60x360 feet, has been
erected.

A wharf, 129x325 feet, and frame warehouse, 90x300 feet,
with necessary tracks, have been erected on block 172, and
harbor area fronting thereon. Both have been leased for a
term of years. Pier "A," wharf and warehouse, 72x400 feet
(see last annual report), has been completed and occupied
by the Pacific Coast Steamship Company. The Company
not having sufficient ground in the district selected for the
erection of coal bunkers, roundhouse and shops in Seattle,
twenty-eight lots were acquired.
The claim of the Northern Pacific Railway Company and
its predecessors to an interest in the right of way of the
Columbia & Puget Sound Railway Company between Black
River Junction and Seattle Junction, in dispute since 1882,
has been amicably adjusted. The contract of settlement
provides that
The right of way between Black River
Junction and Argo, 6*115 miles, be divided on the center
line, half to each company
the Northern Pacific Railway
Company construct a single track for the Columbia & Puget
Sound Railroad Company on the easterly half of the right of
way between the stations named the Northern Pacific
Railway Company convey to the Columbia & Puget Sound
Railway Company interest claimed in right of way and
tracks between Arso and Seattle Junction, 2 562 miles the
Jackson street track be exchanged for the Rams Horn track
the Columbia & Puget Sound Railroad Company sell to the
Northern Pacific Railway Company its one-half interest in
the Railroad avenue property, right of way and tracks.
The work is nearing completion and instruments will pass
September 1, 1902.
:

;

;

-

;

863
COAL DEPARTMENT.

Compared with last year there

is a material decrease in the
net earnings of this department. The shrinkage is attributable in some measure to the labor conditions in San Francisco and Oakland, to which reference was made last year,
and to the development of electrical power, but in far greater
degree to the displacement of coal by oil in California. Fuel
oil has been substituted for steam coals by all the important
railroads, many of the stationary steam plants, steam
schooners, river and bay steamers, and experiments are
being made with ocean-going vessels.
The increased demand for steam and domestic fuel in
Oregon, Washington and Alaska promises a ready market
for the output of your mines and ensures a continuation of

good

profits.

NEWCASTLE FIELD.
Three thousand five hundred and fifty feet of gangways
were driven in Coal Creek mine and the cost charged to
operating expense. Development work at the close of the
year made five hundred and eighty thousand tons of coal
available for future requirements. Present daily output,
six hundred tons.
FRANKLIN FIELD.
Mine No. 1, Vein No. 11— Slope has been driven one
thousand feet and double track laid. Pumping started
June 20, 1902.
Vein No. 12 (Fulton) —3,535 feet of gangways driven,
and one hundred and sixty thousand tons of coal developed
but not drawn. Present daily output, three hundred tons.
Mine No. 2, McKay Vein— Shaft has been sunk and
timbered during the year 540 feet total depth, 858 feet.
One hundred and ninety feet additional to be driven before
the vein is cut. The excessive flow of water, together with
the delay of manufacturers in supplying pumps, has somewhat retarded the work.
Mine No. 3, Gem, Vein No. 17—1,493 feet of gangways
have been driven and there are now twenty eight thousand
tons of coal developed but not extracted. Present daily
;

output, two hundred and twenty-five tons.
Mine No. 7, McKay Vein, No. 14—This mine is located
betweon the old Franklin workings and Black Diamond No.
Owing to presence of water
12, both of which are flooded.
and uncertainty of surveys, it was deemed unadvisable to
work this mine below the eigth level, 2,985 feet from the
surface. The coal developed in the upper workings is being
drawn. Present daily output, two hundred and fifty tons.
The available tonnage will be practically exhausted next
year. The output of the other mines (Franklin field) will
supply the demand for steam coals.
Lawson Mine, McKay Vein, No. 14—4,050 feet of gangways, 713 feet of slopes and 674 feet of airways were driven,
and the cost charged to operating expense. There are two
hundred thousand tons of coal developed. Present daily
output, three hundred tons.
The value of your holdings has materially appreciated
the physical condition of the property and the financial
status of the Company are satisfactory.
The facilities in all departments being ample for the
present and near future requirements, further expenditures
for improvements, excepting the construction of bunkers,
roundhouse and shops at Seattle, will be unnecessary.
The steady growth in population and the continued development of the resources of the Pacific Coast promise
increased traffic and profit.
Statistical tables are presented herewith (see pamphlet
report)

H.

W. CANNON,

J. D. FARRELL,
President and General Manager

Chairman.

BROOKLYN RAPID TRANSIT COMPANY.
ANNUAL REPORT FOR YEAR ENDING JUNE
168

Montague

St.,

[

Brooklyn, September 29, 1902.
organization.
Brooklyn Rapid Transit Company, a New York Corporation, incorporated January, 1896, has an authorized capital
of $45,000,000. It controls the below-named companies by
ownership of a majority of the capital stock. The total
J

outstanding stock of these companies aggregates $35,885,400,
of which $32,484,495 is owned by the Brooklyn Rapid Transit
Company and $683,600 by the Nassau Electric Railroad

Company.
The Brooklyn Heights Railroad Company,
Brooklyn Queens County & Suburban Railroad
Conet Island & Gravesend Railway Company,

Co.,

Nassau Electric Railroad Company,
Sea Beach Railway Company, and
Brooklyn Union Elevated Railroad Company
The first three are operated as independent properties,
while the last three are operated by the Brooklyn Heights
Railroad Company, as Lessee.
leases.
In addition to these lines, the Brooklyn Heights Railroad
Company, under nine hundred and ninety-nine-year leases,
operates the lines of the Brooklyn City Railroad Company

30,

1902.

and the Prospect Park & Coney Island Railroad Company,
paying each an annual fixed rental. The stock and bonds
of these companies are therefore not included in the Balance
Sheet of the Brooklyn Rapid Transit System. Rental aocrued but not yet due is. included in the item of " Rentals
and Interest," page 864 This rental will not increase (except in the case of the Prospect Park & Ccney Island Railroad Company, where the rental will be $45,000 after 1909,
instead of $40,000) but may be decreased by the amount of
any saving effected hereafter in refunding Brooklyn City
Railroad bonds at a lower rate of interest.
,

FRANCHISES.
All the franchises, both surface and elevated, included in
the system, whether now operated or to be built upon, are
perpetual, and will afford all necessary transit facilities to
the Borough of Brooklyn and the westerly half of the Borough of Queens for many years to come.

NEW BOND
On March

ISSUE.

the stockholders authorized a mortgage upon the property of the Company securing bonds
bearing interest not higher than 4 per cent and of a total
amount not exceeding $150,000,000. None of these bonds
20, 1902,

THE CHRONICLE.

864

[Vol.

LXZV,

was issued during the year ending June 30, 1902. Of the
GUARANTY FUND.
amount authorized, the mortgage provides that a sufficient
To secure the rental payable to the Brooklyn City Railroad
amount shall be reserved to refund the bonds of the Brook- Company, the Brooklyn Rapid
Transit Company has delyn Rapid Transit Company and of the subsidiary railroad posited bonds
with a present market value of $4,005,775
companies as they become due, or sooner if the exchange shown below
as
can be made with advantage to the Company. The re- est from this fund the "Guarantee Fund." The intermainder of the bonds can be issued only for the purpose of lyn Rapid Transit constitutes part of the income of BrookCompany.
acquiring additional securities and properties, or to provide
money with which the subsidiary companies may make imFIXED CHARGES.
provements, extensions or betterments. The issue of bonds
The gross fixed charges, including all bond interest and
under this mortgage will, therefore, not increase the fixed
charges of the Company except as the proceeds are used in
improving the properties of the subsidiary companies. Such
improvements will be made only as they are called for by
the increase in business or are warranted by considerations
of economical operation. It is confidently expected that the
increase in fixed charges caused by the issue of bonds for
such purposes will be more than offset by the resulting economies in operation, and by the increase in earnings rendered
possible by additions and improvements to equipment and
plant. The amount of bonds authorized is sufficiently large
to meet all future requirements. Under the terms of the
mortgage, these bonds may be issued convertible at the option of the holder into stock of the company, par for par, at
any time after Jaly 1, 1904, and before July 1, 1914.

rentals, of the Brooklyn Rapid Transit and all proprietary
companies, during the year ending June 30, 1902, were $4,307,225 06, comprising the following items:
Bonded Debt and Real Estate Mortgages of Brooklyn Rapid
Transit and Proprietary Companies
$2,292,100
Bond Interest and Organization Expenses, paid as Rental.
365,125

Rentals

1,650,000

Brooklyn Rapid Transit Company received as interest and
dividends on bonds and stocks, included in the above

$4,307 225

schedule

574,592

Leaving the Net Fixed Charges

$3,732,633

Boabd of Directors,
By J. L. GREATSINGER,

President.

CONDENSED STATEMENT.
The total net results of the operation of all of these railroad companies, and of the Brooklyn Rapid Transit Company itself, are shown in a consolidated statement under
the head of " Brooklyn Rapid Transit System*' following.

BROOKLYN RAPID TRANSIT SYSTEM-COMPARATIVE
STATEMENT OF EARNING8 AND EXPENSES.
For Years Ending June

30,

1902 and 1901.
Inc. or Dec.P. 0.

.

Gross

EARNINGS.

The Gross Passenger Earnings of the Brooklyn RaDid
Transit System for the twelve months, or fiscal year ending
June 30, 1902, increased $602,335 58, or 5 14-100 per cent over
the same period of last year. The total receipts from all
sources were $12,788,168 51 or an increase of $652,609 04
over the same perioi of last year.
The following shows comparatively the Passenger and
;

Miscellaneous Earnings for the
percentage of increase1900.

Passenger receipts.

1

Total

1901.

1.206,716

11,768,550

12,135,559

1902.

P. C.

$
11,718,929
457
116,630-25-84

561,834

Miscel. receipts

fiscal years, 1900-1-2

3-12

-

with
P. c.

9

514
466.903 1207

12,321,264

12,788,168

538

COST OF OPERATION.

was expended

in

Passenger
Freight, Mail
Advertising

&

Amount.

1902.
1901.
$12,321 ,265 $11,718,929
Express.
64,902
58,394
124,455
122.501

$602,336

J.

6,508
7.1,954
I.

5'

14

11' 15
1

59

Total Earnings from

Operation

$12,510,622 $11,899,824

$610,798

$378,800

7.

$188,259

1,160,999
1.262,429

7.269,013
/. 237,450

30'

1,024.979

2.605.330

2,414,062

7.

191 268

7

975.561

889,827

1.094.745

513.274

1.157.593
158.761

$8,209,397

—

7.

$567,059

Operating Expenses

$7,216,008

5

Maintenance of Way and
Structures

Maintenance of Equip-

ment
Operat'n ol Power Plant
Operation of
Car s—
Trainmen's Wages...
Operation of Cars —
Other Expenses.
..
Damages and Legal Expenses
General Expenses
-

831,986

7.

85,734

49 69
16
23 16

92

9 63

D. 62,848

5 43

7.84,513

18 42

$993,389

D. $382,591

13 04
08 17

7.25,653

S7 95

Total Operating Ex-

The total increase in the cost of operation for the fiscal
year ending June

Earnings—

was $993,389, of which $457,272
maintenance of way, structure and

30, 1902,

equipment.
In this item of expenditures is included large amounts
which were spent in extraordinary repairs, such as bringing
surface and elevated equipment, roadbed, structure and
tracks to a higher standard of efficiency, thereby enabling
a more economical and advantageous operation of your lines.

ADVANCES ON ACCOUNT OF CONSTRUCTION FOR LEASED
COMPANIES.

Advances have been made for account of the vari us railroad companies comprising this system, to pay for improvements, extensions and equipment, to the amount of $8,161,2S3, as shown on page 8 of pamphlet report.
At the termination of the various leases and agreements, or sooner by
concurrence of lessor and lessee, these sums will be repaid.

penses

7.

Net Earns, from Oper'n. $4,301,225 $4,683,816
Income from Other Sources—
Rent of Land and Bldgs.
$93,248
$67,595
Rent of Tracks and
Structures
Miscellaneous

99,051
h5.247

175
7.17,833

25 52

$4,578,771

Total Income

Deductions—
Taxes
Int. and Rentals -net...

100,226
67,914
$4,919,551

D. $340,780

6 03

$742,817

$754,626

n.732.633

3.587.122

$4,475,450
$103,321
84,428
Special Appropriations.

D.

$4,341,718
$577,803
228,678

Total Deductions

...

Netlncome

1

D. 11,809

1

1

17

56

145,511

4 05

7.133,702
D. 474.482
D. 141,250

82 12

7.

3

08

63 d7

$1,506,682
7.1,022,373

94 59
4 26
6 90

Total Car Mileage.. $52. 684. 980 $50,155,925 7. $2,529,055

5* 04

$18,893
$349,125
Surplus
Car Mileage. Surface. ..$36,840,893 $35,334,216
Car Mileage. Elevated.. 15.844,082 14,821,709

D. $330,232
I.

BROOKLYN RAPID TRANSIT SYSTEM-CONSOLIDATED GENERAL BALANCE SHEET.
Assets—
Cost of Road, Equipment, ete

,

of prop-

erties owned In wh«le or in part by
theB.R.T.Co
Advances Account Construction
for Leased Companies

$5,417,706
Brooklyn City RR. Co
1,783.715
Nassau Electric RR. Co
203,991
P. P. &C. I. RR. Co.
380,987
Brooklyn Union El. RR. Co
Additions and Betterments not yet distributed
374,883
.

. .

Guarantee Fund — Securities
Cash
Total Permanent Investments

Current Assets..
Cashonhand
Due from Companies and

$88,299,310 18

8.161,28336
26

40
64

02
04

and

Bonded Debt and Real Estate Mortgages

vated

RR

23,000.000

142,100 00

Real Estate Mortgages.

Total Capital Stock, Bonded Debt and Real Es100 383.105 05
tate Mortgages
2.422 332 47
Current Liabilities
,
4.374 07

Audited Vouchers
Due Companies and Individuals
Taxes Accrued and not Due
Interestand Rentals Accrued and not
on Real
Mortgages and not Due

$103,797,181 24

TOTAL LIABILITIES

1

Estate

741 14
39.955 13
40.000 00

Sundry Charges Accrued
Insurance

Surplus Account— B a

$376.684 27
28.056 5
1.070.479 63
866.4157c;

Due
Interest Accrued

Total Assets.

52.6t6.D>000

Broohlyn Rapid Transit Company.
$7,000,000 00
Bonded Debt of Constituent Companies
45.524.000 00
The Brooklyn Heights
RR. Co
$250,000
650.000
Sea Beaoh Ry. Co
Brooklyn (/. C <VS.RR.. 6.624.000
Nassau Electric RR. Co. 1 5.000,000
Brooklyn Union Ele.

4.005.755 00
$100,466,348 54
3,326.458 63

1,589.75603
Individuals.
336,605 61
Materials and Mipplies on hand
536,732 51
79,084 08
Prepaid Acoounts
529.052 40
Accounts Receivable
255.228 00
Bonds and Stock in Treasury

Accounts to be Adjusted

Liabilities—
...
Capital Stock
$47,717.305 05
Brooklyn Rapid Transit Company... .$45,000,000 00
Outstanding Capital Stock underlying companies
2.717.305 05

i.

an. e

June

30, 1902

I

,443 72

$103 79". 1 SI 24

.

.

October

THE OHKON1CLK

IS, 1902.]

£hc ©ommjemal *Qimcs.
COMMERCIAL EPITOME.

865

COTTON.
Friday Night, October

17, 1902,

Thr Movement op the Crop, as Indicated by our t elegr jous

from the South to-night, is given below. For the week ending
evening the total receipts have reached 311,221 bales,

this

Friday Night. Oct. 17, 1902.
against 296,200 bales last week and 809,252 bales the previous
Developments during the week have been favorable for a week, making the total receipts since the 1st of Sept., 1902,
1,638,366 bales, against 1,230,375 bales for the same period of
foil revival of business activity in the commercial markets.
since Sett. 1. 1902, of 407,9»1 bales
for an early settlement 1901, showing an increase
The outlook is considered promising
Wed. IkUTM.
Tw«*.
m. Total
lion.
JUcctpd at—
Sat.
of the coal strike, and the purchasing of bonds by the Secretary of the Treasury is expected to materially improve the
15,275 17,332 22,632 14.971 19,398 15,004 104.510
1,108
1,108
Sab. Pms, &o.
monetary situation. Manufacturers and dealers]in most lines
72.880
trade have been reported as well engaged in filling their New Orleans... 8,321 13,561 15,685 19,121 5,737 10,455
of
504
9,703
Mobile . .— .... 1,096 2,239 2,054 1,508 2,302
orders; in fact in some lines manufacturers have fallen be537
537
fensaoola, Ac.
hind in their deliveries, being handicapped by the present
8,772 12,912 11,027 7,750 6,889 9,876 57,226
7,413
7,418
scarcity of fuel. In the speculative markets prices for cotBnuisw'k.Ac.
1,169
1,897
2,072
481
8,916
1,335
1,962
ton have shown a sagging tendency, based on improved crop
Pt. Royal, Ac.
prospects. Values for grain, however, have advanced largely
1.957 5,144 19,141
Wilmington.... 2,977 8,689 2,446 2,928
on covering of contracts by nervons short interests.
28
38
Wash' ton, Ao
Lard on the spot has been reported quiet locally, but ad4,744 6,290 2,386 3,628 3,720 26,023
5,305
1,163
1.163
vices from the Western market have reported the demand as N'p't News, Ac.
54
258
204
The close was firm at New York.....
fairly active prices have advanced.
23
1,337
33 1,272
9
Boston.........
ll*50c. for prime Western and 10-65@10 75o. for prime city.
748
748
Baltimore
Refined lard has had a fairly good sale and prices nave been
230
99
56
25
50
Phlladel'a, Ao..
firm and higher, closing at ll*75c. for refined for the continent;
Tot. this week 48,717 55,887 62,189 50,571 41,200 57,707 311,221
Speculation in lard for future delivery his been fairly active
The following shows the week's total receipts, the total since
and on steady buying and only scattered selling prices have
Sept. 1, 1902, and the stocks to-night, compared with last year.
;

advanced.

The

close

was

firm.

DAILY GLOBING PBIOKS Of LARD F0TUSBB IN CHICAGO.
Thun.
Wed.
Fue*.
*i.
iron.
Bat.
11-20
10-35
10-45
October del'y
10721a 1087ia 1110
8-97^8
8-97 1*
905
9 30
930
January del'y
8 97i«

1901.

1903.
Receipt* to
Oct. 17.

HMs

Sine* Sep

week.

1,

1902

thit
wee*.

Mint.*

Since Sep

1902.

1,1901

1901.

-

Pork has had only a small jobbing sale locally but prices
have held firm at $18 25@18 75 for mess, $21 50 for family
and $19 50@22 50 for short clear. Cot meats have been quiet
but steady at 8J^@9c. for pickled shoulders, 11%@\1JqC. for
pickled hams and 13@13%c. for pickled bellies, 14@10 lbs.
average. Beef has had a fair sale at steady prices, closing at
$11 00@11 50 for mess, $14 50@15 50 for packet, $15 00@16 00
for family and §22 00@26 00 for extra India mess in tcs. Tallow has been unchanged and steady at 6%c. Stearines have
been firm at 12)£c. for lard stearine and 14^c. for oleo stearCotton-seed oil has declined to 37}^@38c. for prime yeline.
low. Receipts of butter have been light and prices have held
firm at 19@24^c. for creamery. Cheese has been firm, closing at 10@12%, for State factory full cream. Fresh eggs
have been quiet and easier, closing at 23c. for choice West!
ern.

Brazil grades of coffee have continued to drag.

The con-

Hew Orleans 72,880
9,703

Mobile
P'saoola.Ao.

Oct

5-10o.
5 15o.
5-30o.

Nov
Deo

Raw sugars have

Jan
Feb
March.

._

5-350.
5-40o.
........ 5*50o.

May

5'65o.

July

ft-yoo.

dept.... ........ 5-95o.

demmd

and higher, clos96-deg. test, and 3 l-16c. for

been in better

ing at 3 9-16c. for centrifugals,
muscavado, 89-deg. test.
Refiaed sugar has been unchanged at 4-65c. for granulated. Tea3 have been in good
demand and firm. Rice has been firmer.
Kentucky tobacco has been moving freely on old purchases,
but new business has been limited. Offerings, however, have
been light and prices have been unchanged and firm. Seedleaf tobacco has received only indifferent attention from
buyers, but prices have held steady. Foreign grades of
tobacco have been in fair demand and steady.
Business in the local market for Straits tin has been quiet,
but prioes have advanced following a sharp upturn to prices
in the London market, closing at 26'50@26*95c. Ingot copper
has had a slightly better sale, and the close was firm at
ll'75@ll-95c. for Lake. Lead has been unchanged and steady
at 4 12^c. Spelter has been without changes at 5'50c. Pig
iron has been unchanged and firm.
Refined petroleum has been advanced, closing firm at7'30c.
in bbls, 8 bOe. in cases and 4'75c. in bulk. Naphtha haB been
unchanged at 9*05c. Credit balances have been quiet at $1 30.
Spirits turpentine has continued in light supply, closing firm
at 55J4@56c. Rosins have advanced to $1 62^ for common
and sood strained. Hops'have been in better demand and
higher. Wool has been fairJy active and firm.

169,141
21,686

93,506
27,986

90,439
1,882
22,194

91,860
7,042
20,894

20,964

42.064

•MM

8,707

231,070
19,215
49,899
10
74,193
47
85,089

12,729

19,556

1,072
7,376

40,779

4,004
5,158
3,711

14,000
2,287
4.789

79,372
5,000
3,165

311,221 1,638,366 361,949 1,230,375

suming
Receipt* at—
and has been an indifferent buyer. There has been, how- Salves'n.Ao.
ever, no especial pressure to sell and prices have held steady, New Orleans
closing at 5%c. for Rio No. 7. West India growths have Mobile
been in light supply and firmly held, with good Cucuta at Savannah...
East India growths have been unchanged. Speculation
in the market for contracts has continued without spirit and
only slight changes have occurred in prices. The close was
firmer on smaller Brazil crop movement. Following are the
closing asked prices:

159,460

556.167

1,779
2,201
3.053

2,581
3,358
1,596

5

4372
554,272

In order that comparison may be made wilt, other years,
we give below the totals at leading ports for six seasons,

trade is reported liberally supplied for the present

9c.

537

Savannah... 67,226
Sr'wlok.Ao.
7,413
8,916
Jharleston..
......
P. Royal. Ao.
Wilmington. 19.141
28
Wash'n, Ao.
26,023
•orfolk
1,163
N'port N..AO
258
New York...
1,337
Baltimore .
748
230
PhUadei.Ao.

155,377

422,317
2,809
303,487
32,781

551,890 105,214
483
5,787
331,158 92,412
40,043 11,521
14,349
5,090
337,730 62,321
25,921
1,764
84,607 17,916
14
10
138,951 25,327
105
11
93,890 30,543
6,030
162
858
2,100

Galveston... 104,510
Sab. P., Ac.
1,108

WUm'ton, AcNorfolk

tot. this

wk.

•lnoe Sept.

l

1900.

vtfOl,

139,899
74.777
12,914
64,877
41,760
24,768
32,411
3,647
26,926

113,260
80,288
12,453
65,208
23,626
18,567
31,208

23,370

89,085
73.184
8,245
33,364
11,500
11,104
17,213
396
19,963

374,233

264,054

422,379

370,541

105,615
72,880
9,703
57,226
8,91c
19,169
26.023
1,163
10.523

105,697
92.412
11,521
62,821

162

1,948

15,529

361,949

17,92fc

25,336
30,543

1897

1898.

1899.

311,221

Ohas'ton, Ao.

N. News, Ao.
ail others...

1902

90,924
132,219
8,909
60,742
19,495
12,813
23,813

894
25.037

1638 366 1230,37? 1601,228 1546.382 1862.299 1781,095

The exports for the week ending this evening reach a total
of 210,366 bales, of which 90,753 were to Great Britain, 14,793
to France 104.820 and to the rest of the Continent.
Below
are the exports for the week and since Sept. 1, 1902.
Week Ending

from—

threat
Brit'n.

S2.129
Jab.

Oct. 17, 1902.

franee

Exported to—

6,751 ~S0,162

69,042

Continent.

?•?*:

62,674

122,030

332,397

30,832

3,240
65,967

178,638

86,680
15,264
9,300

14,601

560
167,514

3,242

148,293

......

*awOrlsani.. 28,895

4,500

4,479

......

34,921

82,389

tfobile

4,161

'emaoola
...

42,646
6,860

60,621

4,943
••••••

......

......

3242 24,228 27.466

9,136

500

4,698

f

500

H'portN.. *«..

......

Nsw York

1,685

250

2,485

••••••

Baltimore

4,341

Philadelphia.

1,400

•

*.

.

8,760
-

• t • •

,

••••

ianrran.,Ao..

•

*
200

90 753
....

19,249

......

11,803

JharlSiton.

PortBoyal...
Wilmington...

3,210
4,151

12,699

17,976

Total 1901

Sept. 1, 1902. to Oct 17, 1902.

Oenti- letai
9r»at
Wrtr.cs
ntnt. Week. Britain.

Pan, Ac.

Sraniwlok

From

Exported to—

flsyoru

10?,S62

*«•«

27,656

198,735
28,114
37,158

111,638

123,915

500

6,198

5,292

47,247

96,840
10.771

....

4,661

6.860

500

600

7,585

44,301

2,485
4,341

10,201
16,228

1,100

9,429

570

too

994

20.979
10,128

10,697

•

10.897

14,798 104,820 210,866

893,318' 116.941

560,441 1,069,703

60,399 205,094

316,188 1140-2

360,315

85,838

780.673

.

.

9

.

.

1
1

THE CHRONICLE.

866

[Vol. LiXXV.

In addition to above exports, our telegrams to-night also
give us the following amounts of ootton on shipboard, not
add similar figures for
cleared, at the ports named.
Pew York, which are prepared for our speoial use by Messrs,
Lambert* Barrows. Produoe Exohansce Building.

We

ON SHIPBOARD, NOT CLEARED FOR—
17 at—

Oct.

Leaving
ttock.

Other CoastGerGreat
Britain Fr'nce many. For'gn wise.

Total.

50.105
90.283
8.450
4,300
5.600
8,000
3.000
15,000

119036

Total 1902.

68,525 38,828 30,992 34,809 16,593 184,738

371,429

I

Total 1901..
Total 1900..

87.334 22,118 33,601 83,389 11.U9 193.601
20,914 209,819
70, S22
83 652 34 531

360,671
408,069

I

Brew Orleans. 10,832 17,238 8.824 13,211
Galveston
42,843 17,340 9.8R8 14 089

6. 143

Savannah

1,500

4,250

1,700

300

Charleston...

1,000
4,000

950

Mobile
Norfolk

2,550

New York

i~,o66

i",5b"6

"500

Other ports

6,000

7,000

2,000

2,106

8,000

65 094
81.989
17,894
15 986
4.729
37.779
28,922

Speculation in cotton for future delivery has been moderately
active. The tendency of prices has been towards a lower basis.
The Chronicle's report, as published last Saturday, received
considerable attention and did much to dispel the small crop
ideas as promulgated by the Agricultural Bureau. Weather
conditions daring the week have continued to be reported as
generallyfavorable for the development of a top crop, and with
the ideas of many of the trade changing as to the probable
total yield, there has been some selling to liquidate speculative long interests. Until, however, the frost season is past
operators are not disposed |to take an aggressive stand on
the bear side of the market; consequently, it is generally inferred that there has been no extensive short selling. The
crop movement for the week has shown a slight decrease as
compared with the same week last year; this has had its influence in favor of the market, and other developments that
have had a sustaining inflaence were tbe more favorable
monetary situation, the prospects of an early settlement of
the coal strike and the reported large sales of print cloths at
Fall River. To day there was a steadier market, reflecting
cable advices, and on buying by room traders to cover short
The close was steady at a net gain for the day of 3@5
sales.
points. Cotton on the spot has declined, closing at 8-70c. for
middling uplands.
The races on and off middling, as established Nov. 20, 1901,
by the Revision Committee, at which grades other than
middling may be delivered on oontraot, are as follows.
Fair
Even
e. 1-14 on
Good Middling Tinged
Middling Fair
080 on Btrlot Good Mid. Tlnged.o. 0*20 on
Strict Good Middling
050 on Strict Middling Tinged.
006 ofl
0-32 on Middling Tinged
Good Middling
1* off

Low Middling
Middling
Btrlot Good Ordinary
Good Ordinary...

014

Low Mid. Tinged... 0-34 ofl
0'60 ofl
Middling Stained
Btrlot Low Mid. Stained... 106 ofl
Low Middling Stained
150 ofl
On this basis the official prioes for a few of the grades for
Ihe past week— Oct. 11 to Oct. 17— would be as follows.
Btrlot

Low

..

ort

Btrlot

0*38 off
0*72 off
1-00 ofl

UPLANDS.

Mou Taeo Wed

Sat.

Tfc.

Frl

.--_

Good Ordinary.....

Low

Good

....

780

866

Middling......

7*85
8-47

8-80

8'42

Bl2
960

8-17

Middling.....

9 65
Sat.

Low Middling

...

9-85

910 905

Middling..

STAINED.

Low

9 37

9-90

.

805
867

942

Good Ordinary

Mod

810
872

GULF.

Sat.

735
835

Middling
Middling
Strict Low Middling Tinged...

_

7-80
8'42

7-75
8 37
8'57

H

32

770
832

870 870
812 907 y 02 9 02
9-60
9-55
950 9 60
Tues Wed T». Frl.
805 800 7-95 795
8-62
8-57
8 57
8 67
9-05 900 8-95 8 95
8--<o

937
985

9 32

980

Hon Tnei Wed
7-30
8-30

770

730

7-25

»27 y27
975 975
Th. Frl.

720
820

1901
1900
1899
1898
1897
1896
1895

8*2
10ii 6

7H

57 ie
6&,a
7i5 16
9&i8

1893
1892

8-51

8» 16

8

1891......

1890
1889
1888
1887

8'u

10>*
10» ia
9«e
9i*

1885
1884
1883
1882
1881
1880
1879

913 16
tU6 18

10» 18
11*3
ll^a
113, 8

lCe

116 16

1877
1876
1875
1874
1873
1872
1871

10 7a

I414
15>«

16 78
19>«
19*4

Note.— On oot. 1, 1874, grades of ootton as quoted were changed.
According to the new classification Middling was on that day quoted
*je. lower than Middling of the old classification.

MABKET AND BALES.
Thetotalsales of ootton on thespoteaoh day during the
week are indioated in the following statement. For the
convenience of the reader we also add columns whioh show
at a glance how the market for spots and futures closed on

same

days.

Spot Market
Globed.

Futures

Market
Closed.

Saturday .. Dull
B'rly steady
Monday.. .. Unlet, 5 pts. dec. Quiet <fe st'dy
Tuesday... Dull
'Quiet
Wednesday Dull, 5 pts. dec. B'rly steady
Thursday Dull, 5 pts. dec. Steady
Friday.
Dull
JQulet&sfdy
Total.

sales ow Spot
Export.

Ooniump.

37
26
57
200

<h

Oontraoi

Contract.

I

If If

(0

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1

I

9

l

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9

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o
The Visible supply op (Jotton to-night, as made up Dy
.sable and telegraph, is as follows.
Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening,
But to make the total the complete figures for to-night
Oct. 17), we add the item of exports from the United States,
I

I

including in

I
1

It

'

the exports of Friday only.

Jtock at Liverpool. .....bales.
nock at London.....
Total Great Britain stook.
«took at Hamburg
......
tftook at Amsterdam....
Stook at Rotterdam

1902
281.000
16 000
250 000
14.000
76,000

1901
138.000
7.000
145,000
18,000
42,000

1900.
162,000
6 >O0
17s.0j0
15.0OO
65,000

200

200

1

......

1899
703.000
3

000

706.000
27,000
121,000
2.000

200

i'obo
Stock at Havre.r.. ............
49,000
3,000
21.000
12.000
7,000
Total Continental stocks.
186.000
Total European stooks.... 436.000
India ootton afloat for Europe
21.000
Amer ootton afloat for E'rope. 590 000
Bgypt,Brazll,<&o.,aflt.ior E'pe
43.000
Stock in Alexandria, Egypt...
66 000
200.000
Stook in United States ports.. 556.167
Stook in TJ. B. Interior towns.. 370,647
United States exports to-day..
32,499

2,000
4,000
4.000
27,000
44,000
135,000
2000
6,000
2.000
17.000
60.000
32,000
13.000
6.000
5,000
12.000
10.000
2,000
138,200 379,200
155,200
300.200 316,200 1.08.i.200
4S.OO0
5.000
15.000
520,000 6S9.000 682.000
45.000
40.000
28.000
70.000
96.000
81.000
200.000 212 000 220 000
554.272 612,988 828,832
397,478 874 401 68 1,738
20.310
27,209
31,052
,.316,313 2,135,169 2,381,6*1 S ,414,080
Of the above, totals of Amerlo an and 1 tier descriptions are at follows:
.

7-20

825
820
846 846 8*41 8-36 836
885 880 880 8-75 8 70 870
The quotations for middling upland at New York on
Oct. 17 for aaoh of the past 82 years have been as follows.
1886 ....0. 96, 8 1878....C.10
1902.... o. 870 1894. ...0. 6
8-30

l

I

I

total

2,600

2,637

300
400

326
4S7

31

1,500
1,000

1,700
1,031

351

5,800

6,151

American—
83.000 107.000 644,000
109.000 115,000 828.000
520,000 689. K>0 532,000
5^4.272 6I2.9S8 828,832
397,478 374,401 681.738
20,310
31,052
27,209
Total American............ 1,874,313 1,690,959 1,929,441 1 2.934.8S0
Matt Indian. Brutil, de69,000
65 000
55,000
64.000
3.000
16.000
16.000
7,000
London stook...
2 J. 200
61,200
46 200
41,000
Continental stooks
........
5,000
21.000
16.000
48.000
45,000
2S.000
43.000
40,000
96,000
70.000
81,000
66.000
Stock in Alexandria, Egypt...
200,000 200,000 212.0O0 220.0O0
441.000 444,200 452.200 479.200
1,874,313 1,690,959 1,929,441 S S934.8SO
Total visible supply...^..2,815,3 18 2,135. i&9.2,381,t<4l 3.414.0S0
429 s2 d."
ftBgl.
381;;.;; 1.
Jdddllng Upland, Liverpool..
4-72d.
7*86.
8*700.
9**0.
8 SO.
Middling Upland, New York..
68 ia d.
6ii„d.
Kgypt Good Brown, Liverpool
7°ei.
73ed.
Nom'l.
7 7 isd.
6-90d.
7d.
Peruv. Rough Good, Liverpool
4iB 32 i.
6I4CL
434d.
Broach Fine, Liverpool
...
41i a d.
3i3 ia d.
4-5 3a d.
6C,«d.
4<>8d.
rinnevelly Good. LlverpooL..
Continental imports past week have been 106.000 bales.
The above figares indicate an excess in 1902 of 180,154
Dales as compared with same date of 1901, a decrease of 66,828
oales over 1900 and a decline of 1,098,767 baios from 1899.

180.000
145,000
American afloat for Europe... 590.000
United States stook............ 6^6.167
United States interior stooks. 370647
32,499
United States exports to-day..

.

October

.

THE OJBRGNICL*.

IS, 1908.]

At the Intkbiob Towns the movement— that Is the receipt!
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
•orreeponding period of 1901— is set oat in detail below.
(or the

867

Quotations fob Middling Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other prinoipal cotton markets for each day of the week,
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Week ending
Oct. 17.

4po za

M

uOE
—M

...i.

»2 S

Can

333
3
SgS

DM O
w2

.

ST.:
.-

g;

g:

:

:

-

* * *

Baltimore

V 00 O0©"i-> »8<0~M 0»^3 W to""- VJIC O W '© if CO CO ® CO
tOS)>-<=i-'tOCJ>CO»aWOCCQOtOtO<Ilf<100'i<»aClO'COi-COM»5lfk

WACO

if*

H

if

MMWl->

If

— M tO M if M to if

qtSWODJOWjf^ 00)00 00
Wi5<5)50COCCC6tO<5:aDacCOO5C(!Oi*»0OCft
"k '.- tO^f if ^C
05 00 00 tO i*» if CO^ 05 Vl to VT3i
tO tO -J »9<J if CO -J

V

t

*©co«xosrf'Oo»joowo3:j'aooDcoeji©©c*ifto»ice»»<icoco«atoeo
osi"^i©03y>-4tay>Qcc ccooccif0!3 ticci— ifjoocft'-osco'-OiO"^

M

M

05

M M

Hso»^a»oH,

MCO

**

0)

IS

*8'8

8H

838
8*e
7'e

838
83a
8i«
788

8&18
S^ia
8»s

....
.

Rook.

vw^jif if es wncon:©

O

H

W

COMMtO

pOM; O>0S_©<I*.j»WW

w

©Vm

to

8k

7'8

8k
8k
8k
7%

8k
8k

7»8

Columbus, Miss

7%

Nashville

Natchez

8
75 I8

Louisville

734
8«8

8

Montgomery...

7 7s

Raleigh
Shreveport

7 15

New Orleans

Option market.

—The

7 7g

w

highest, lowest and
olosing quotations for leading options in the New Orleans
cotton market the past week have been as follows.

Monday, Tuesday, Wed'day, Thursd'y Friday,

11

Oct. 13.

Oct.

14.

Oct.

16.

Oct. 16.

Oct.

17.

October—

Range..., 820«-32 8-159-18 8-179-18 8-109-18 8-02907 8-079 08
819*020 8-17919 8-079-09 805907 8*079*09

Olosing... 8'209'21

Dbo'bbb—
Range

8-26®-38 8-229-28 8-229-31 8*139-24 8-069-14 8 129*16
Closing ... 8-2o"9-29 8269-27 8*239-24 818914 8109*11 813914
8-309-42 8-269-33 8-269*34 S-179'29

310919

March—

8*169*21

818919

8*35® 47 8319-37 8*319*39 8-229-35 8-169-25 8-229-27
Range
Closing... 8-389-39 8-369-37 8-839-34 8-229-23 8-219*22 8-249-25
a

Mat-

**>~

t0O3<>©»0DC00D<|MvIM

bo'co'V.Vm'coa'eow:
oi03M©tooo'toif ocif c*to
ooif coV
aotototsct ^>tc 00. «<Mto©wcoaooooMF-tO"-«Mtsoo'i
tO^CO — QDCOCOif Cm 00«3JOCOOO-^MCOtaODtOt3>JOOJ'tJMlv^COM

I? 18

83ie

Eufaula.. ......

Closing... 8-329-38 8-319-32 8*289-29 8*179*18 8-159-16

I0MO tOM MOOM tOO>

to

8 5 ia

7T8

January—

*-j

O"

§?"
8i«
She

895
8k

8'70

8k
8k

Oct.

M
00
CO 0< jJ CO tO <I M CP CO
Vo o> to * "00 <i<i to co "<b *m "»-oo to bi -a * m JO f- © ® Vo> m« © if ce ill
©m
CxatOt006MC0*00 — ODlfCOCO©«a©aC3COM«4CntO<I"'COlfC<-W-3
§ MMCOCOOiMCOtOCCCexif W tO©00©««JCO«^ COCOO) Wlf If 00«JO
tO

8>4

8-75

8

Sat'day.

»0
O
k9
«< 00 03 tO
MMW MMJOtOM M

a

8h«

9 05

8%
8%

Louis

M bS M tO
m MCKOM

ooM5co6«oVicooo©eo»<o
C» CO CO CO OKI 00 M 00 -J CO M

oo^f^'^jf'a^lopooMa
CUtO CO tO CO tO V O0tS *0D 03 <J 03"<1 m\o"co© ft CO V) © CO ©* 03 '<- O. COM 06
^i«aco3c<;©cc^-«Jc©»»<i*co — eocccc^Joow©©tcoDo>o<«a—
90*CFlf^tO~lM«t©MtOCO«4CRtOCOV!|fOO*0303a009lftO«OCO

COMWtO

§1 18

8ifl

8H

Range

MMMM 09
^jf ©«"M»o3M|o_«w<ioco>o>o>too8<i
M

85,«
8 95

81s

8Bi«

Columbus, 4a.

C*C0030tfktO>3KlfCOlfCX.O*OEt3C»tOC003MO'COOOtOOM->]OgOlf

00

85, 6

8-85

8
8

Athens....
Atlanta...
Charlotte

M
tO
M
tO
« tO 00 03 tO M»^ M^COjf fkta IfM M C0«» W M W 03 ta CO wpito —
CO
00
I?
od oslo Tf 03 V oo»jC7"«*» to a 00 vi m ceo >- Wo; coV to 03 to 00 a k) a
viMO^S'Meoaa'Mcoo^iwocao^MOoaoaMceAtocneoMOM©
tOtJOOCO

8k
8k

89] 8

....

CO <OM_CCp0tO_if

if

8

8k
8k

k

Fri.

The dosing quotations to-day (Friday) at other important
Southern markets were as follows.

,

ft

9

8
8*4
85 ia
8'80

8*ia

Little

MM

M
HOMHMhlM M MM mm CO tO M^SSJSCOjf
oiMHH
00
3« 00 if "& '•AVicOr-' CO «1 tS*» CO O M M if to <1 T M OS W
CO M O 00 OC © «3M
.OMC0M; W0»t0OJvI©*>.fl0;
CCCOa
IqVigxi'eoVa'©*'*-'. oiotMootow'Kico'
*-COif ©03 V>e»aO~j! OtOMtOOCOOOOO;
o=co <imw»co ©i

8
8*4
85ie
8-80
83a
9-00

8Jfl

905
8k

Cincinnati

«

tO
00

8%

910

Houston

5k*

S «J «J O" — Cta. ©«3~iO>lOC: OD-Je»eO»Ui©~JtO*aS»*>00>-'©OiP-'Ol
«Do»aM<scoao<atoif<ii->oo»9coo<CDCocoocoi-a<oco«<to<cco
CO

8*6

8
8

8M

8%

.

Memphis

Ot0CBO^C0C0C0r'CnOC00)C0g00l|f>]C0t0lfAC«JOC0C0C0CC>a)C3

*"•»,

She

8»i«

8M8

Augusta

Ot

CO to

8k

8

Philadelphia

3t.

00 «"<1 tn"w*3' 5D

8H

8-85

o
Q

*H

"1
••••«•••

:

£?"
8J*

8B le
83 le

818
8*4

She

Mobile
Savannah...
Charleston
Wilmington.
Norfolk

..

H

Wednes.

8%

8&16

Thurt.

Tuet.

8%
8H
81l6
h^

8%

Salves ton...

New Orleans
O

Mon.

Satur.

HW

The aoove totals show that the interior stocks have intreated dnring the week 73,555 bales, and are to-night 26,831
bales 2688 than same period last year. The receipts at all the
towns have been 34,368 bales less than same week last year.

Overland Movement fob the Week and Since Sept. 1.—
We 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
Oct. 17 and since Sept, 1 in the last two years are as follows.

— —

—

©
Range.... 8-43 9
8-429-43 8-399-41
Closing
. .

8-35937 8-279-37 3*20»-27 8289-29
8*36938 8*269*27 8*259-26 8-289-29

TOHK—
Spots
Options...

Quiet

Easy.

Easy

Steady.

Quiet.
Quiet.

Quiet.

Easy.

Easy.
Steady.

Steady.
Steady.

Weather Reports by Telegraph.— Our telegrahio advices from the South this evening denote that in most localities the gathering of cotton has made rapid progress, under
satisfactory weather conditions, but in some distiicts of the
Gulf and Atlantic States rain has interfered with picking to
come extent. Light frost has occurred in a number of sections during the week, but no injury to cotton has resulted.
Galveston, Texas.— There has been light rain on two days
during the week, the rainfall being six hundredths of an
inch. Average thermometer 78, highest 82, lowest 63.
Abilene, Texas. There has been no rain during the week.
The thermometer has averaged 66, the highest being 84 and
the lowest 48.
Brenham, Texas.
have had a trace of rain on one day

—

—We

during the week. The thermometer has averaged 75, ranging from 52 to 87.
October 17.
Sims
Since
Corpus Christi, Texas.—There has been rain on two days
Week. Mept. 1.
Week. Sept. 1.
during the week, the precipitation being sixteen hundredths
of an inch. The thermometer has ranged from 64 to 90, avertkipptd—
VT»Ht. Tnnl.
___. 16,436
50,453 21.988
66,730 aging 77.
VU Cairo
.~~. ._..
6,6£6
19.483
2,981
12,934
Cuero, Texas. We have had no rain during the week.
Via Paduoab............ ..._„...
360
360
Average thermometer 73, highest 90, lowest 55.
Via Book Inland
3,C4i
_„ 1,046
2,327
4,941
Dallas, Texas. There has been a trace of rain on one day
4,207
10 627
4.034
8,103
VU Cincinnati...... MMMMM.. 1,066
1,723
2,512
5,821 of the week.
The thermometer has averaged 65, the highest
Via other routes, Ao.^... .......
6,264
27.128
2,846
16,722 being 85 and
the lowest 44.
Henrietta, Texas. We have had no rain during the week.
Total gross overland. .— .^.„. 86,025 112,086 37,902 114,251
Dtduct f Kipmtntt—
The thermometer has averaged 67, ranging from 45 to 89.
Overland to V. Y., Boston, &c.
2,573
20 249
7,891
8,675
Huntsville, Texas.— We have had no rain the past week.
264
Between Interior towns
487
....
2,725
3,8*9
827
Inland, Ac, from Sonth
8,381
1.084
7,381 The thermometer has ranged from 50 to 87, averaging 69.
Kerrville, Texas.
We have had no rain the past week.
Total to be deducted.... ^^,
3,664
18,997 10,246
31,459 Average thermometer 68, highest 94, lowest 42.
Lampasas, Texas.—There has been no rain during the
Leaving total net overland... S2,?r
S2/79?.
93,089 27,656
week. The thermometer has averaged 64, the highest being
The foregoing shows that the week's net overland movement 83 and the lowest 45.
this year has been 33,861 bales, against 27,656 bales for the
Longview, Texas. Dry weather has prevailed all the week.
week in 1901, and that for the season to date the aggregate net The thermometer has averaged 64, ranging from 45 to 83.
overland exhibits an excess over a year ago of 10,297 bales,
Luling, Texas. We have had no rain during the week.
The thermometer has ranged from 51 to 88, averaging 70.
1902
1901.
Palestine, Texas.
It has rained on two days of the week, to
in Might and Spinners'
an inappreciable extent, Average thermometer 66, highest 82
Taktnge.
Since
Since
Week. Sept. 1.
Week. Sept. 1.
and lowest 50.
Ports, Texas.— Dry weather has prevailed all the week.
311.221 1,638.?66 361.949 1,230,375
82,361
82,792 The thermometer has averaged 65, the highest being 85 and
93,089 27.656
Southern consumption to Oct. 17. 40,000 273,000 34.0U0 229,000 the lowest 45.
San Antonio, Texas.—It has rained on one day of the week,
383.582 2,004,455 423.605 1,542,167
73,555 307,569 69,207 268,178 to an inappreciable extent. The thermometer has averaged 70,
ranging from 56 to 84.
Came into sight dnring week. 457,137
492,812
Weatherford, Texas.—There has been light rain on one day
2,312'024
l,8l6",340
Total In slgbt Oct. 17
of the week, the rainfall being three hundredths of an inch.
Morth'n spinners tak'gsto Oct 17 75,345 260,853 62.271 196,533 The thermometer has ranged from 50 to 84, averaging 67.
New Orleans, Louisiana. We have had rain on two days of
Movement into sight in previous years.
the week, the rainfall reaching one inch and six hundredths.
Week—
Bales.
Since Kept. 1—
Bales.
Average thermometer 69.
1900-Oct. 19
506,163 1900— Oct 19
2,239,980
Shreveport, Louisiana.—There has been a trace of rain on
405.222 1899-Oct. 20
1899-Oct. 20
2,271.9.^6
569.450 1898-Oct 21
1898- Oct. 21
2,660.316 one day of the week. The thermometer has averaged 65, the
465,464 1897-Oot 22
1897-Oot. 39
2,376,339 highest being 83 and the lowest 49.
1902.

,,

1901.

,

—
—

—

—

—

—
—

—

:

THE CHRONICLE.

868

LXXV.

fVoL.

Columbus, Mississippi.— Light frost on the 15th. There
INDIA UOTTON MOVEMENT FROM ALL PORTB.
has been rain on one day during the week, to the extent of
1902.
1901.
1900.
thirty-five hundredths of an inch.
The thermometer has
Heeeiptt at—
averaged 54, ranging from 38 to 70.
Since
Sinet
Since
Week.
Week,
Week.
Leland, Mississippi. There has been rain on one day of
Sept. 1.
Sept. 1.
Sept. 1.
the week, the rainfall being one inch. The thermometer has
Bombay
1,000
17,000 12,000
61,000
6,000
84,000
ranged from 38 to 84, averaging 63-3.
Vicksburg, Mississippi. Favorable picking weather. We
For the Week.
Sinee September 1.
Buportc
have had rain on two dajs of the week, the rainfall being
from—
Br eat
ContiGreat
Contione inch and eight hundredths of an inch. Average thermoTotal.
Total.
Britain.
nent.
Britain.
nent.
meter 65, highest 81, lowest 47.
Meridian, Mississippi.— Light frost occurred on Wednes- Bombay—
1902
4,000
4,000
1,000
day, but no damage. Cotton is growing and maturing14,000
15,000
1901
3,000
3,000
13,000
13,000
There has been rain on one day of the week. The thermom'
1900
5,000
2,000
7,000
9,000
38,000
47,000
eter averaged 60, the highest being 80 and the lowest 39.
'alcntta—
1902
Little Rock, Arkansas.—Weather has been favorable for
4,000
4,000
1901
3,000
3,000
maturing and gathering crops, Rain on one day of the week,
1900
2",obo
2,000
5,000
5,000
Ihe ther- Cadras—
rainfall being seventeen hundredths of an inch.
mometer has averaged 61, ranging from 44 to 77.
1902
1,000
1,000
1901
Helena, Arkansas. We have had rain on one day of the
1.000
1,000
1900
i',066
MH>6
1,000
1,000
week. The rainfall reached ten hundredths of an inch. Fine ill others—
picking weather. The thermometer has ranged from 42 to
1902
2,000
2,000
15.000
15.000
1901
2,000
2,000
81, averaging 63 '2,
16,000
16,000
1900
i',000
1,000
2,000
i'obo
13,000
14,000
Nashville, Tennessee. We have had rain the past week, to
the extent of one inch and eighty-three hundredths. The fatal all—
thermometer has averaged 56, the highest being 78 and the
1902
6,000
6.000
1,000
34.000
35.000
1901
5,000
5,000
33.000
lowest 34,
33,000
1900
6.000
6.000
12,000
10,000
57,000
67.000
Memphis, Tennessee. Picking and marketing are making
rapid progress. Light frosts this week have done no damage
Alexandria Receipts and Shipments or Cotton.—
to cotton. General condition of the crop improved. There
Alexandria, SavPt,
has been rain on on 9 day of the week, the precipitation
1902.
1901.
1900.
October 15.
reaching forty-six hundredths of an inch. Average thermoReceipts (cantars*) meter 63'6, highest 78"2, lowest 44-3.
This week
300,000
260,000
Mobile, Alabama. Heavy rains during the early part of the
200,000
Since Sept. 1
951,000
753,000
551,000
week interrupted pickiDg and damaged open cotton. Very
This
Since
cool the latter part, with light frost generally reported in the
Thie
Since
Tkit
Sinet
week. Sept. 1. week. Sept. 1. week. Sept.l.
interior on Wednesday and Thursday. Rain has fallen on
four days of the week, the rainfall being two inches and sixty- exports (bales)—
eight hundredths. The thermometer has averaged 66, ranging
£0 Liverpool.... ..
6.O00 37,000 10.000 23.000 3,000 22,000

—

—

—

—

—

—

from 47 to 85.
Montgomery, Alabama.— We have had rain on three days
of the past week, the rainfall being two inches and fifty- nine
nundredths. The thermometer has ranged from 42 to 83,
averaging 65.
Seima, Alabama.— Light frost has occurred this week, but
no damage to cotton. It has rained on one day of the week,
Averthe precipitation being thirty hundredths of an inch.
age thermometer 67, highest 87, lowest 40.
Madison, Florida. There has been rain on two days of
the week, the rainfall being ninety-seven hundredths of an
inch. The thermometer has averaged 72, the highest being
86 and the lowest 54.
Savannah, Georgia.— It has rained on two days of the week,
the precipitation being seventy-seven hundredths of an inch,
The thermometer has averaged 70, ranging from 52 to 83.
Augvsta, Georgia.— We have had rain on two days of the
week, the precipitation reaching seventy-two hundredths of
an inch. The thermometer has ranged from 42 to 81, averag
ing66.
Charleston, South Carolina. There has been rain during
the week, to the extent of one inch and eighty-one hundredths, on two days. Average thermometer 30, highest 82,
lowest 54.
Stateburg, South Carolina.—Wet weather has delayed picking. Farmers desire calm, sunny days. Sharp frost occurred
Thursday morning on low grounds. There has been rain on
three days of the week, the rainfall being one inch and eightytwo hundredths. The thermometer has averaged 58, the
highest being 84 and the lowest 44.
Greenwood, South Carolina.— Ham has fallen on two days
of the week, the rainfall reaching sixty-six hundredths of an
inch. The therm, has averaged 62, ranging from 49 to 76.
Charlotte, Njrth Carolina.— Cotton is being marketed
rapidly in response to demand from domestic mills. Rain
has fallen during the week, the rainfall being one inch
and foity hundredths. The thermometer has ranged from
41 to 74, averaging 58.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at

—

—

8 o'clock Oct. 16, 1902,

and Oct.

17, 1901.
Oct.

16, '02. Oct.
Feet.

Hew Orleans....
Memphis......
BTashvMe...
Shreveport
VlcKBburg

Above sero of gauge.
Above sero of gauge.
Above zero of gauge.
Above sero of gauge.
Above sero of gange.

50
64
90

17, '01
Feet.

38

11-9

8

161

OO
20

Government Weekly Cotton Report

— The

3 2

regular

weekly cotton report as issued by the Climate and Crop Division of the U. S Weather Bureau through the New Orleans Weather Office for the week ended October 14, was
summarized as follows
:

"The week was dry over the western half of the cotton region, and
daring the early part of the week over the eastern portion. Showers
oooured over the eastern portion of the cotton belt toward the close of
the week. The weather was exceptionally favorable for cotton picking
over the western half of the coiton belt throughout the week. Over
the Eastern States the weather of the early part of the week was very
favorable, but showers toward the close of the week Interfered with
picking and stained open ootton to some extent. Nearly all the orop
has been gathered In some districts. Prospeota for top orop reported
flattering In soatserlng parts of North Texas, while over other portions
of that State the yield from second growth will be light. Some top
crop it, also reported from certain of the other cotton growing States.

To Continent

f

7,000

....

24,000

6,000

40.000

4,000

24,000

Total Europe
13,000 61.000 16,000 63,000 7,000 46.000
* A oantar is 98 pounds,
t Of whioh to Amerioa in 1902, 3,387 bales; In 1901, 4,214 bales;
In 1900, 3,687 bales.

Manchester Market.— Our report reoeived by oable
from Manchester states that the market is steady
for yarns and quiet for shirtings.
The demand for India is

to-night

improving. We give the prices for to-day below and leave
those tor previous weeks of this and last year for comparison
1902.

32* Cop.
Twist.
<L

Sp. 12 71*

8H

s.

d.

&

d.

99

2 ©7
3 97
2i««>7
2ia 07

5

5
5
5

" 10 7»
»8Ji a
17 73i«f»81i 6 5

w

Shirt-

OoWn

common Mid.
Uplds

to finest.

" 19 7H ®83 16
" 26 73 18 »8ie
Oot. 3 73„»8i 16
..

lbs.

ings,

1901.

s.

2^»7

2i«»7

d.

8

9
9
9
9
9

d.

8»4

lbs.

82s Cop. ings,
Twist.

d.

416 16 7»s
5>«
7»e
429 ga 7

Shirt- OotCn
'

common

to finest.

d.

s.

«8*e

5

f>8i«

5

©8 5
4-84 7
98 5
4-78 7k «8i« 5
4-72 7B, 6 »83 18 5

d.

a.

1

d.

Mid.
Uplds
d.

419 <S
«8 3
4U,
S «8 2
1
3 88 lij 4«b
3 OS m. 4.K
43i M
4 98 8

4

1

4i2»8

3

1

429

M

Cotton Movement and Fluctuations, 1897-1902.— New
York: Latham, Alexander & Co. (Twenty-ninth Annual
Edition).— We are again under obligation to Messrs. Latham,
Alexander

&

Co. for a copy of their publication. "Cotton

Movement and Fluctuations."

This handy volume, which

may
now

safely be called the edition de luxe of cotton books, is
in its twenty ninth annual edition.
All the features of
former issues are retained and, as heretofore, new matter is
introduced, including sketches of Mr. O P. Austin, Chief of
the Bureau of Statistics, and Mr, John Hyde, Statistician of
the Department of Agriculture. The statistical matter which

covers acreage, production, movement, consumption, &c;
in fact a great mass of interesting matter is brought down to
the close of the cotton year of 1901-02. The publication
should prove of especial value as a ready reference to those
interested in cotton.

Shipping wbwb.—Ab snown on a previous page, the
•sports of ootton from the Un it ed States the past week have
reached 310,366 Dales. The shipments in detail, as made up
from mall and telegraphic returns .areas follows
Total bales.
Liverpool, per steamer Nomadlo, 1,281 upland
and 4 Sea Island
1,285
To Hull, per steamer Consuelo, 300
300
To Havre, per Bteamer La Champagne. 50.
50
To Marseilles, per steamer Amerioa. iiOO
200
To Bremen, per steamer Bremen (additional), 100
100
To Hamburg, per steamer Pretoria, 69 8
698
To Baroelona, per steamer Amerioa, 1.5S0
1,550
To Genoa, per steamers Phoenlola, 802
Sardegna, 400
Trave, 800
2,002
To Naples, per steamers Phoenicia, 500
It una, 900
1,400
New Orleans -To Liverpool -Oot. 13 -Str. Custodian, 23,095 23,095
To London Oot. 13-Steamer Cuban, 2,80o
2,800
To Dunhlrk-Oct 11-Steamer Asia, 4,550
4,550
To Bremen— Oct. 11— Steamer Montenegro, 4,279
4,279
To Rotterdam -Oct. 15— Steamer Kensington, 100
100
To Vera Cruz -Oot. 10 Steamer Nor. loo
100
GALVESTON—To Liverpool— Oot. 11 -Btr. Allantlan, 21,557
21,557
To Manchester -Oot. 14-Str. Teodoro de Larrluaga, 9,272. 9,272
To Belfast-Oot. lO-8termer Oarrlgan Head, 1,300
1,300
To Havre Oct. 9— Steamer Monadnook. 6,7r>l
6,751
To Bremen— Oot. 10— Steamer Penrith Castle, 4,480
Oot. 18— Steamer Koln, 10,113
14,593
To Rotterdam— Oct. 14-Steamer Teviotdale, 898
398
Antwerp— Oot. 10— Steamer Penrith Castle. 3,671
To
3,671
To VeraCruz— Oot. 9— Steamer Normandle, 1,000
1,000

Nbw York— To

.

%

.
.

IVlVBRR

THE CHRONICLE.

IS, 1902.]

Total balesPolarstjernen. 9,919...
9,918
Benedict, 6,290 upland
To Manchester— Oct. lO -Steamer
and 1 ,766 Sea Island
8,056
To Bremen— Oot. 10— Bteamere Drumsarth. 7,850; White
Oot. 1-J—
Cross. 6,700 upland and 44 Sea Island
Oot. 16
Bteamers Ettriokdale. 6,973; Nordfarer, 8,000
—Steamer Anglo Chilian, 9.494
39,061
To Hamburg— Oot. 10— Steamer Dramgarth, 1,925
1,925
To Gottenburg— Oct. 14— steamers Nordfarer, 200; Et-

Savasxah—To Liverpool— Oct. 15- Stx

triokdale, 100
300
To Aalborg- Oot. 14— Steamer Nordfarer, 100
100
To Malmo— Oot. 14— Steamer Nordfarer, 200
200
To St. Petersburg— Oot. 14— Steamers Nordfarer, 150; Ettriokdale, 10
160
200
To Norrkoplng-Oot. 14-Steamer Ettriokdale, 200
14— Steamer Ettriokdale, 100
too
To Bergen— Oot.
ToReval-Oot 14-8teamer Ettriokdale, 300
800
To Riga Oot. 14 -Steamer Ettriokdale, 100
100
200
To Gefld— Oot. 14—Steamer Ettriokdale. 200
Brcnswiok— To Liverpool— Oot. 17 - 8teamer Linda, 3,178
3,178
1,765
To Manchester— Oot. 17— Steamer Linda, 1,765
6,860
To Bremen— Oot. 15—Steamer Strathnevis. 6,960
Wilmington—To Dunkirk— Oot. 11— Steamer Europa, 3,242... 3,242
To Bremen-Oct. 10-Steamer Baron Eldon. 12,931
24,223
Oot. 16-Bteamer Aeoacla, 11,292
Norfolk—To Hamburg— Oct. 10— Steamer Nordby. 500
500
Boston-To Liverpool—Oot 8— Steamer Devonian, 500
Oct. 14— Steamer HanOot. io- Steamer Sachem. 67

overian. 1,9)8

2.485
4,341

Baltimore— To Liverpool - Oot. 10— Steamer Indore, 4,341
Philadelphia—To Liverpool -Oot. 10— Steamer Westernland,

1,400

1,400

8am Francisco—To Japan— Oot. 15— Steamer Peru, 2.0
Total ...... ...... ...... .......—

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

New York

Gotten freights at

200

the past

210,366

week have been

&B follcWS.

&c—

There has been a quiet market
Jute Butts, Baggjrkj,
for jute bagging during the week under review, with prices
as last quoted, viz.: 6c. for 1% lbs. and 8%c. for 2 lbs.,
standard grades. Oar load lots of standard brands are quoted
Jnte butts conat 63^@6j|c. f. o. b., according to quality.
for paper quality and 2@2^c. for
tinue dull at
bagging quality.

1^@1%C

BREADSTUFFS.
Friday,

Oct. 17, 1902.
of the^ market for wheat flour has been firm,
mills generally howling for higher prices, reflecting an increased cost of the jrain. The volume of business transacted
at the advance, however, has been small. Jobbers, as a rale,
have their wants for the present fairly well protected by
their recent foil purchases on a lower basis of values, and as
a consequence have been indifferent buyers. Rye flour has
been in fair jobbing demand and prices have held steady.
Buck wheat flour has been in limited supply and firm. Corn
meal has been firmly held but business has been quiet.
Speculation in wheat for future delivery has been fairly
active and prices have shown an advancing tendency. The
statistical developments reported early in the week were considered favorable to the bull interests, the amount of wheat
on passage to Europe showing a slight decrease, and the increase in the United States' visible supply was a very moderate one. Foreign cable advices were firmer, and this, too,
had a strengthening influence early in the week. On
Wednesday the market showed additional strength.

The tone

Liverpool

ifon.

13

12

12%

12%

Wednes. Thurs.

Tues.

12
12

..c.

12
12
18

Fri.

12
12
18

12
12
15

Manchester

r.

Havre
Bremen

c.

18

18

18

c.

17%

17%

17%

17%

17%

17%

Hamburg

c.

15

15

15

24
18
26
30
35
20
30
40

24

15
34
18

15
24

26
30
35
20
30
40

26
30
35
20
30
40

15-17%

24
24
18
18
26
Beval, indireot-.c.
26
Beval, via Canal. e.
30
30
Barcelona
c.
35
35
Genoa
e. 22% 27%
22%
Trieste
e.
30
30
Japan (via 8nez).e.
40
40
Quotations are cerite per 100 lbs.

Ghent
Antwerp

e.

e.

18
26
30
35
20
80
40

18

—

Liverpool. By cable from Liverpool we have the following statement of the week's cables, stocks, &c, at that port.
Sept. 26.

• ales of the

week

bales.

Of which exporters took.
Of which speculators took.
.

Sales American.....

.••>••

33,000
7,000
56,000
270,000
216,000
27,000
19,000
91,000
85.000

Actual export.

Forwarded
Total stook— Estimated
Of which Amerloan— Est'd
Total Import of the week

Of whleh Amerloan

Amount afloat

46.000
4.000

...... .....

Of which Amerloan...

Oct. 3.

52,000
3,000
1,000
42,000
8,000
51,000
258,000
211,000
46,000
42,000
169,000
154.0OC
1

Oct. 10.

Oct.

64,001
1.50C
1,200
55.00C
3,000
57,000

17

56.000
1,700

100
47,000
6,000
82,000
23i,000
180,000
94,000
77,000
215,000
193.000

228,000
175,000
30,000
16,000
207,000
17«.O0fl

The cone of the Liverpool market for spots and fntnrts
eaoh day of the week ending Oct. 17 and the daily closing
prices of spot ootton, have been as follows.
SaVday

Spot.

Market
*et,

i

13:80

Quiet.

Mvnday Tuesday. Wed'day. Thursd'y Friday.
Easier.

Fair
business
doing.

business
doing.

Good
demand.

Fair
business
doing.

476

472

472

472

Pair

Hid. Dpl'ds

4-80

Bales
Spec. Aexp.

7,000

10.000

10,000

12,000

500

12,000

10.000

500

500

500

500

500

4 76

Futures.

Market
opened.

Market,
4 P. m.

Eaey at Steady at
Steady.

Easy at

Steady
4 pts.

Opts.

1 pt.

2 pts.

decline.

advance.

decline.

at Br'lyst'dy
7@9 pts.

advance

decline.

Brlyst'dj
1 pt.

advance

Easy at

4@5

pts.

decline.

Steady

1@2

Steady at

at
pts.

1 pt.

advance.

decline.

Br'lyst'dy Q't&st'dy

3@3

1@8

pts.

decline

I

pts.

advanoe.

The prices of futures at Liverpool for eaoh day are gives
below, Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
Gf°'The price$ are given in pence and 100th. Thus: 4-67 means
67-1
,,

4

QQd.

Sat.
Oct.

12%

11.

1

Hon.

Tues.

Oct. 13.

Oct. 14.

12%

4

12%

4

Wed. Tknr*.
Oct. 15.

12%

4

Oct.

16

12% 4

Frl.
17

Oct.

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.
d.

d.

d.

d

d.

d.

d.

d.

d.

d.

4 65 4 67 4 60 4 59 4 60 4 60 4 56 4 56 466 4 54
Oct-. NOV.... 4 60 4 61 4 54 4 52 4 54 4 54 4 61 4 49 4 50 4 47
Nov.-Deo. . 4 56 4 58 4 52 4 50 4 52 4 51 4 48 4 47 4 47 4 44
Deo.- Jan.... 4 56 4 58 4 51 4 50 4 51 4 50 4 47 4 46 4 46 4 43
Jan.-Feb.... 4 55 4 57 4 51 4 49 4 51 4 50 4 47 4 46 4 46 4 43
Feb.-Moh. .. 4 55 4 57 4 51 4 49 4 51 4 50 4 47 4 46 4 46 4 43
Mch.-Aprll.. 4 55 4 57 4 51 4 50 4 52 4 51 4 48 4 46 4 47 4 44
April-May.. 4 55 4 57 4 51 4 50 4 52 4 51 4 48 4 47 4 47 4 44
May- June .. 4 56 4 57 4 51 4 50 4 52 4 51 4 48 4 47 4 47 4 44

d.

d.

4 66 4 37
4 49 4
4 45 4
4 45 4
4 44 4
4 44 4
4 45 4
4 45 4
4 45 4

49
46
45
45
45
45
46
46

from

Northwestern markets reported higher
were only very moderate ae compared with recent arrivals, and whisperings that a deal
ia December contracts in the Chicago market will be atempted, started buying on the part of nervous shorts to
cover contracts. Thursday the upward tendency to prices
continued, with the buying coming largely from bear operAdvices

prices,
Satur.

869

receipts

ators to cover short sales. The "Cincinnati Price Current,"
in its weekly report, says that it has been a favorable week
fcr wheat seeding, and that early- sown wheat is in fine
condition. The spot markets have been firmer but quiet.
To day there was an easier market early under weaker cable
advices and realizing sales. Subsequently, however, there
developed renewed buying and prices advanced, closing
higher for the day. The spot market was firmer, but at the
advance business was quiet.
DAILY CLOSING PRICES OP HO. 2 BSD WINTER WHEAT IH
Sat.
ifon.
Fri.
lues.
Wed. Thurs
76
ash wheat t. o. b
75 78
76%
77%
_ 75^8
76%
7
7b a
Deo. delivery in elev
76%
76%
77%
77%
755s
May delivery In elev
76
78
75%
76%
77%
753s
daily closing priobs op no 2 spring wheat in CHIOAUO.
Knn.
Wed.
Sat
Tues.
Thurt
Fri

NEW YORK

70%

70%

71 7e

Deo. delivery In elev
elev

May delivery In

71%

72%

30%
31%
32%

315»

72

70*

713s

7358
73 7&
72
73
Indian corn futures have been active and prices have
advanced sharply for this year's deliveries. The movement of
the crop has been running very moderate despite the favorable weather experienced latterly and with reports that the
long interest in the December option in the Chicago markets
is controlled by a few interests, there has been a greater
desire shown on the part of some shorts to cover their contracts.
At the close of the week it was reported that as a
result of the buying large outstanding short lines have been
covered. The weather throughout the week has been reported favorable for corn curing. The spot market has been
firm and a limited amount ot business has been transacted
for export. Today the market was firm and higher with
buying by nervous Dec. shorts to cover contracts the feature.
The spot market was firm.
DAILY OLOSING PRICES OP NO. 2 MIXED 0ORN IN
VORK.
JVtf,
Wed. Thurs.
Sat.
Hon. Tues.
Oaah corn f. o. b
70
70
„
69
69
69%
69%
Oot. delivery In elev
68
68%
66
67%
Nov. delivery In elev....
••
64
65%
62%
Deo. delivery In elev
58
5458
54%
55%
56%
57%
May delivery In elev
4858
49%
47
48
47%
47%
DAILY OLOSING PRIOBS OF NO. 2 MIXED 0ORN IN CHICAGO,
fri.
Mon.
Wed. Thws.
Sat.
Tues.
61
Oot. delivery In elev
60%
69%
57
59
57%
Deo. delivery In elev
51
49%
47%
47%
48%
525s
May delivery in elev.
43 5 s
44%
42%
42%
42%
43%
Oats for future delivery at the Western market have been
moderately active. The movement of the crop has been
fairly full, but despite the large receipts prices have been
well maintained in sympathy with the advance in corn.
Locally the spot market has been fairly active and firm.
To-day the market was moderately active and firmer.
DAILY OLOSING PRICES OP OATS IN
YORK..
Fri.
Wed. Thura.
Sat.
Mon. Tues.
84%
NO. 1 mixed In elev
34
34
33%
33
33%
•o. 2 white in elev...... 36%
37%
36
36% 36%
36
DAILY OLOSING PRIOBS OP NO. 2 MIXED OATS IN CHICAGO
Wed. thur$. fri.
Mon.
Tues.
Sat.

NEW

NEW

Oct. delivery in elev
nee. delivery in elev
May delivery In elev....

31%
31%

308s

30%

30%

31%

31

323s

31 »8

31
31

32%

31%

32%

Following are the closing quotations:
PLODS.

02 65
75 »2 80
Srtra, No. S. . .._ 2 75 *2 85
extra, No, 1..^^ 290 ©320
r*ine

....
„.$2
Superfine, .... .... 2

60

Patent, winter.... *3
City mills, patent. 4
Ryeflour.snpernne 3
Buolrwheat flour.. 2

«3 90
oi 65

70
20
20
40

»^ 55
«2 75

Oleara..^.^^....^ 3 10 t»3 35
Corn meal—
Straights.....*.... 3 40 f»3 80
Western, etc.... 3 35 »3
'a 40
Patent, spring.... 4 00 f>4 55
Brandywlne ....
(Wheat flour ill cache sells at prloes below those tor barrel*.
>

40

1

:

.
.

.
.
.

THE CHRONICLE.

870
Wheat, per bosUo—
HarflDnL.WJ 1..
K'thern OuL, Ko.l

e.

obaik.
Corn, per bush.—

a.

at—

TVheaU

Ftowr.

Corn.

luluth

f. o.

».52

51
49
40

b.71

®55
«55
©63
»43

Bye.

Barley.

Oats.

BbU.lWlbs Bush.SO lbs Bush 56 lbs Bush.SZlbs BushA8lbs Bu.56
140,877
112,716

21,850

1,338,700
144,800

681.265
612.060

2,660,189

680,872
464,160

122.800

325,997
538.280
63,200
55.820
89,097
465.105
120.900
430,800

2,742,226

2J.C09

160,500
22,657

87,760

7,920.601

1.286,587

7,452.613

2.891,858

6,704.055

6,110,646

22,838

. .

Loola

670.810
38,400

17,400

Kansas

Tot.wk.i9oa

621.440
607.482
436,623

Same wk. '01.
asm* wk.'OO.
1

lbs.

57,860
18,400
181.605
46.180
11,200

91.000
47,200

11,776

8.567,099

2,28«,637

2,986.978

l.f-85.051

4,409,376

2.888,875

276,211
193,817
184,786

119.100

643.920

city.

Since Aug.
1908
1801

25.913
45 784
123,496

49,588

61.110

OI*T»lan<J
St.

715.S95

7,003

Minneapolis.

748.720

........

.

298.600

170,000

Milwaukee

9,800

.

87,965,306 17,877.215 60,069.410
88,867,727 32.664,099 40.666.094
75,986.8£-6 40,882.789 48,829.616

4,847 008
4,932,221
4,586.279

WOO

12.644.688 3.138,470
18,850.788 3.681643
11.159.855 1,291,670

The receipts of flour and grain at the seaboard
week ended Oct. 11, 1902, follow:

ports for

the

bbls
180,126
£0.003
27.211
120 597
98.462
8.765
14.463
77,993

aotton.
Montreal
Philadelphia

Baltimore

Blahmond

Hew

Orleans*..

Newport News
SalTeiton

Me

Portland.

528,400
160.238

19.664

85.8-0
21,151
43.797
11.970
17.600
21.428

1,110.801

1.766,404

833,106

Total receipts at ports from Jan.
follows for four years:

72,910
4.B60

69,467
131,606

Maw Orleans

199.726
103.966

tor toreipc

to Oct. 11 oompare as

1

1901.
17,298,717

1BO0.
17.088,409

1899.
16,687 806

180,46\«57
9 ,937 5 ;7
60.23 \««9
8.764 007
8,248203

80 078.618
189 170.( 40
68 49U.A86

65, <f98,' 41

8.216.103

155,842,314
7W.IH4 9«6
7.801.898
4.813.690

162.614 624

295.663.063

293,852.332

bosh. 103 448,736

Corn.
. .

Barley
.

"

Total Brain

,

8 359.M84

The exports from the

several seaboard porta for the week
ending Oct. 11, 1902, are shown in the annexed statement
Wisst,
Corn,
Oats.
Hyt,
Hour,
Peas,
Berts*
Extorts from

Mew

buth.

36v .277

Boston

Portland, Me.
1-5.588
Philadelphia.. 818,000

Baltimore
Mew Orleans

17.B69
21,428

2.706

Total week

.

116.160
19,464
8.660

186 536
638,763

2,827,200
8,888.009

1,

1901, is as

1,893

5,195

8,662

378.644
808,430

201,886
48.439

5,823
43,688

week and

for the

8,583
8,290

sine*

Amerloa.

12,8*5

West Indies
Br.N.Am. Colo's

20 987

894 488
847,603

6,071
7,364

810,408

63,281

259
1.600
310,416

878.644
203.430

4,e85,5^0
4,733.074

2,827.200
8.886.009

47,596 698
62,793.576

135 585 1.108.229
083.763 14 4^8,897

.

Week
Oct. 11

bush.
1.80a,057
1.071,909

bbls.

8.021 907
768.167

62.967

......

>

Bines July
1.

1902.
bush.

23.821415
21,421,843
6.8H5

Week

Oct. 11.

The visible supply of grain, comprising the stocks it
granary at the principal points of accumulation at lake and
seaboard ports, Oct. 11, 1902, was as follows:
lnstorsat—
Hew York

Do

7 nnn

e.ooo

B*S,

Barts,
•MS'
3,001

9.UUU

153,000
18 J .04/
449,000

86,000

208,000

14.000

14.000

360.000

803,000

82,000

870.000

118,000

1,183.000

62,000

"i',000

1,000

138.000

80,000

"9.00C

1.0C 5,000

9,081,000

848,000

80.000

16.000

83 000

17,000

1>00

'

'16 000
138.000

afloat

Betrolt
afloat

Chloaeo
afloat

Milwaukee

Do

735,000
649.000
718,000
eio.ooo
877,000
100,000
Sl.ooo
983,000

husk

1,407.000

afloat

Toledo

Do

110,000

5,310,000

Buffalo

Do

1,185.00c

Oati,
busk.

421,001

Galveston
Montreal
Toronto

Do

Corn,

hush.

1.178,000

Philadelphia
Baltimore
Mew Orleans

Do

Whtmt,

afloat

Boston

afloat

1,965.000

773 000

476.<w
207,000
2,028.000

,.

608 000

11, 1998.. 20,111.000

4.1902.. 85,684.000
12, 1901.. S8.°08,000
18, 1900.
58,978 000
14, 1899.. 47,289,000
.

Barley
bush.

421,000

98,000

1.123,000

3,000
12,000

1,018 000
42,000

62.ono
51,000

387.000

a.onc
46.000
87,000

169 000

'69,000
2.000

!!!!!!"

'98,0"0
114.000

548.000
313.000

1,089000

2.831,000
2,767,000
2,086.000
2,348,000
2,101.000

1.000

80,000

18,000

.....

...

658,000
123,000

140,009
872,000

2,641.000
8.075,000
13,414,000
9 811,000
16.066.000

8,836.000
8,814.000
',769,000
12.235 000
7.069,000

183,000

...

1,^4 000
1.788,000
986.000

819,000

THE DRY GOODS TRADE.
Nbw Yobk, Friday, P. M„ Oct. 17, 1902.
The market here has been free from any development of
importance at either first or second hands dnring the past
week, but there has been a revival of demand for regular
print cloths at Fall River and Providence, Mr. M. C. D.
Borden having purchased in those two markets something
like 250,000 pieces. This is a modest operation in comparison
with some of Mr. Borden's previous exploits in the print
cloth market, but it has had the effect of giving a decidedly
firm tone to all descriptions of cloths and of precluding the
idea of any lower prices prevailing for a considerable time
to come, no matter how the market for raw material may
go. At the close of the week the practically assured settlement of the coal strike relieves the market from threatened
curtailment of production by some Eastern mills, but has not
had any other visible influence. Raw cotton has declined
during the past few days, but is still relatively high in comparison with selling prices of cotton goods. As a result, sell-

showing no inclination to force business at present,
and with buyers more or less indifferent toward forward
needs, a quietly firm market is the outcome.
Woolen Goods,— In all departments of the market for
men's wear woolen and worsted fabrics the demand has this
week been reported dull. Jewish holidays have interfered
with the demand, but apart from this influence buyers have
shown little inclination to do business. A few small operators have placed orders for light-weights for next spring
and in heavy-weights for quiok delivery there has been a little business doing, but nothing in either bringing any new
feature to the front. There has been no change in the attitude of sellers, and the market continues firm for all staple
varieties in both woolens and worsteds.
Fancy worsteds,
ers are

although well sold in some of the finer grades, are irregular
in other qualities. There has been a quiet market only for
overcoatings, and cloakings are dull at previous prices. Sales
of woolen and worsted dress goods have been on a f *ir scale
with staple lines predominating. Prices are steady.

Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending Oct. 18 were 18,278
packages, valued at $533,256, their destination being to the
points specified in the tables below:

Maw Yobk to

1902.

1901.

Oct. 13.
Week. Since Jan.

Great Britain...... ,j...
Other European.........
China

38
83

1,689

7,386

596
26
19
411
265

3,836
1,228
79,358
5,074
35,661
8,077
18,814
1.606
5,521
44,162
8,257

1,629

211,594

990

31

402
669
363
18,278

229,093

Total

Week. Since Jan.l

53
22

99,656
18,140
18,476
9,548
18.841
1,807
7,744
40,931
11,271

South Amerloa.
OtherOountrlee. „_

-Oorn.Since Jul*
1, 1»U2
hush.
bush.
8".774
894 638
320 669
17,191
8,160
87 251
2 17 989
21.429
4.831
88,522
47,368

Total
Total 1900-01 ...

bush,

Mexico......... .... .... ..

Wheat.

r

Since July
Oct. 11
1.1908.

Other oonntrles

tunaasClty
feorla
Indianapolis
in Mississippi River.

Total Oct.
Total Oct.
Total Oct.
Total Oct.
Total Oct.

Bye,

bush,

....

..

256

..

2,240
1,476

West Indies

399.672
29J.877

-Flour.-

S. Ss C.

afloat

Jn Lakes
)n canal and river.

Oats,

bush.
....

1,350 000
3.868.000

A.f rloa

116,716

below:

meek ant since
Sept. 1 to—
bbls.
Oniied Kingdom 240.267
Continent
91,240

1.88500C
afloat

India. ...... ...... ......
Arabia..... ........

627

1,730

Week

Bxttor ts for

Do

Corn,

Central Amerloa. .... ....

59.060
2.690
40.000
142,028

The destination of these exports
July

bush.

86.151

400

Mobile

Same time '01.

knsh.

bush.

2.8S4
70.761
95,098
2.954
77,998
9,414

200

79.040
348.517
210,400

Montreal
OalTMtnn..,..
Pensacola

84 632
32 647

....

376.800

Hewo'rtNewS

bbls

68.861
4,831

bush.
York.... 1,062,1180

Do

LXXV.

1,4^6.000

341.288.706

1902.

bbls. 16,396,797

Wheat

.

48,906

13,848. 148
40,151.828
1.702,183
8.498.B87

Receipts
Flour..

By6..

""958

364.846

• Beoetpts do not include grain pasting tnroagh
ports on through bills of lading

Oats.

3,834

97.661
66,928
37.938
46.825
40,000

2.708

of-

husk.

900

" 1.780

1,893

1901

B«t,
73,060

'18,660

7"677.247 3,087.984
467,819 3,768.406

Total week.

64,275

114,6 <5

400

Mobile..

B«rl«»
•uik

tlaif.
etiih.

bush.
200 360

1,127,026
592,604
608,374
667,106
91,219
26.160
888,000
79,040
505,*60
95,686

2,864

Peniaoola

Week

Csm,

Wheat,
buah

Flour

JmKWi ««-

Hew York

m A Pt. Arthur

Minneapolis
8t. Louis

The movement of breadstuff s to market as Indicated in the
statements below is prepared by ns f rpm figures collected
by the New York Produce Exohansfe. The receipts at
Western lake and river ports for the <£eek ending Oct. 11,
and sinoe Aug. 1, for each of the last three years have been:
Receipts

tx. tViii

b.70
to. b.7l
o.

t.

Western
State and Jersey
Barley— West
.
Feeding

37!4®38i4

No. 2 white

c.

68J4©70

No. 2 mixed
Wo. 2 yellow
No. 2 white
Rye, per bush-

Bed winter. No. 8 f. o. b.7714
f. o. b.SOH
Hard No. 2
Okta— Mlx'd,p. bash. 34 930
White ...... ....... 361**39
No. 2 mixed
34^®35>s

Wheat,
bush

In store at—
e.

Western mixed

f.o. b. 84\
f.o. b.82%

[Vol.

380

3

188

The value of these New York exports since Jan. 1 to date
has been $10,595,027 in 1902, against $9,324,067 in 1901.
Business in heavy-weight sheetings and drills has been
moderate only, with little doing outside of home buyers, who
are paying full prices for what they require. Exporters are
bidding, but usually too low for actual business. Prices
Business in all lines of bleached muslins has been
firm.
Bleached cambrics are
quiet, with prices well maintained.
scarce and strong. In wide sheetings and cotton flannels
and blankets business is quiet but the market firm. Denims,
plaids, cheviots, checks, stripes and other coarse colored cottons are firm and occasionally 4 c. higher. Sales of kidfinished cambrics have been limited, but prices are steadily
maintained. Fancy calicos have been in light request with
some irregularity shown in occasional quarters. Indigo
blues, reds, mournings and other staples have been in average demand with a generally firm market. Percales, printed
The defl-tnnelettes and flue printed specialties are Arm,
mand for all gingham fabrics is restricted by the difficulty of
securing ready supplies and the oversold condition of manuPrint cloth regulars have
facturers. Prices are very firm.
been in good demand at 3c. per yard, dosing very firm
Odd goods are firm with a fair dt-mand.
thereat.
Foreign Dry Ooods.— The dress goods demand has been
on a fair scale, with a firm market for all desirable varieties
Silks and ribbons have been quiet but
in spring weights,
fully as firm in price as of late. Linens are qniet but very
Burlaps are dull but steady.
firm.
'

OCTOBER

—— —
— —

—

;

TBE CHRONICLE.

IS, 1902.]

871

Columbia County, Pa.— Bond Sale.— We are advised that
county recently awarded at private sale $96,000 4% bridge
bonds to J. N. Thompson, Cashier of the Farmers' National
Bank, Bloomsburg. Bonds are dated Oct, 1, 1902. DenomiInterest, April 1 and October 1.
notions, $500 and $1,000
this

Bond Proposals and Negotiations thii
week have been as follows
Albany Comity, Wyo.— Bond Sale.—On October

8 the $15,000 10-2u-year (optional) refunding bonds described in the
Chronicle August 2 were awarded to George Abbott of
Cheyenne. Wyo., at par for 4 per cents. The other bids (we
are not advised as to the rate of interest) were as follows :
R. Klevbolte A Co.. ChicaKO.Sls.COS 00 Thompson, Tenney & Crawford Co.. Cht raso...
N. W.Harris* Co.. Chicago.. 15,-.>51 00
$15,170 00
E. H. Rollins & Sons.Denver. 15,075 00
Allegheny (Pa.) School District.— Bond Offering.— Proposals will be received until 7:30 P. M., October 27, by G. W.
Gerwisr, Secretary, for $125,000 %%<& school bonds.
Maturity, $10,000 annually on October 1 from 1915 to 1926, inclusive, and $5,000 in 1927.
Bonds are free from State tax. Certified check for $5,000, payable to the order of the Allegheny
School District, required. " The highest and best bid will be
referred to the Board of Controllers for approval at the meet-

ing Nov.

8,

1902."

Ashland County. Ohio.— Bond Sale.— On Oot. 18 the $5,000
5% Eyster Ditch improvement bonds described in the Chronicle October 11 were awarded to G-. W. Miller of Ashland at
103-30.

Following are the bids

C W. Miller, AshlandCleve.
Demson, Prior & Co..

. .

$5,165 00
6,003 60

I

]

:

P. 8. Brlegs
S.

& Co..'Clncln

$5,035 00
5,000 00

A. Kean, Chicago

— We

Bajonne, N. J. Bonds Not Sold.
are advised that no
bids were received on October 7 for the $135,000 4% improvement bonds described in the Chronicle September 27, The
Council passed a resolution to sell the bonds at private sale
and $35,000 have been so disposed of.
Breckenridge Independent School District No. 1, Minn.
—Bond Sale.— Tais district recently sold $10,000 4%% 15-year
bonds to Ransom Phelps of Breckenridge at par. The bonds
are dated Sept. 1, 1902. Interest annnally on September 1.
Camden, N. J.— Bond Sale.— On October 16 the $70,000 4%
30-year retunding city-hall bonds described in the Chronicle
October 4 were awarded to Edmund Seymour
Co. and
O'Connor
Kahler, both of New York City, at their joint
bid of 110-369. Following are the bids
Edmund Seymour & Co. and
Thompson.Tenney & Crawford,

&

&

:

O'Connor a Kahler.

N Y

110-369

Harris « Co., New York.. 109-837
John D. Everitt & Co.. N. Y.
l09-68i
109-0-<4
Dick Bros. & Co., New York
Farson. Leach « Co.. New Yorfc.108'786
W. E. Hutton A Co.. New York. .108-74
N. W. Hal*ey & Co., New York. 108-38
E. D. Shepard & Co.. N. V
IOS'37
108-30
Harrington & Ellis, N. Y

N.

W.

. . .
.

.

—

New York
W.J. Hayes & Sons

E. H. Rollins

&

108-333
($5,776) ...108-251

Sons. N.

Y

107-777

& W. Seligman & Co., N. Y... 107-58
M. A. Stein;* Co., New York ...107-00
Lawrence Barnum & Co., N. Y.108'67
Camden Safe Deposit & Tru3t
J.

Co.,

Camden

Seasongood& Mayer

106-41
($3,817 60).106-168

Bonds Authorized. The City Council has authorized the
issuance of $34,000 %%% registered refunding bonds. Date,
Dec. 1, 1902. Denomination, $1,000. Interest, June 1 and
December 1. Maturity, one bond payable on December 1 of
each year until 1932, when the remaining bonds shall all become due and payable. Anthority, Act of Legislature approved April 4, 1902. Bonds will be offered to the Commissioners of the Sinking Fund.
Champaign, 111.—Bond Sale.— On October 7 $16,000 5% 510 year (optional) street-improvement bonds were awarded to
MacDonala, McCoy
Co. of Chicago at 104'69. Following
are the bids

&

MacDonald.McCoy&Co., Chi. $16,751 00
R. Kleybolte

N.W.

& Co.,

Ctnoin.

. .

16,726 00

Harris 4 Co., Chicago. 16,657 60
Denlson, Prior & Co., Cleye. 16,644 80
S.A. Kean, Chicago
16,400 00
.

W. J. Hayes & Sons, Cleve... $18.3*0 00
Trowbridge & Niver Co., Chi. 16.867 00
Jose, Parker & Co., Boston... 16,320 00
Farson, Leach

& Co., Chic. ...

16,210 00

Denomination, $500. Date, Oot. 15, 1902. Interest, April
and October 15 at the office of the City Clerk. Authority,
Act of State Legislature, approved April 10, 1872, and all
15

amendments

Maturity, part yearly from Oct.

Columbus, Ohio.— Bond

:

thereto.

Chicago, 111.—Bond Offering.— Attention is called to our
advertising colnmns elsewhere for the [offering for sale on
October 31 of $4,(100,000
municipal coupon gold bonds,

3^

to be dated Jan. 1, 1903. Proposals for these bonds will be
received until 12 m. on that day by L. E. McQann, City
Comptroller. These bonds were. fully described in last week's

Chronicle.
Clarke County (P. 0. Athens), tta.— Bids Rejected.— All
bids received on October 15 for the $33,000 4% refunding
bonds were rejected. We are advised that the bonds will be
either re-advertised or sold at private sale when the condition
of the money market gets better. For description of securities see Chronicle Sept. 13.
Clay County (P. O. Brazil), Ind.—Bond Sale.—
are informed that the $22,000 6$ 1-11-year (serial) levee bonds mentioned in the Chronicle October 4 have been sold.
Cleveland, Ohio.— ttond Offering,— Proposals will be received until 12 M., November 10, by J. P. Madigan, City Auditor, for $100,000 4% elevated roadway and $100,000 4* waterworks coupon bonds. Denomination, $1,000. Interest semiannually at the American Exchange National Bank, New
York City. Maturity, Jan. 1, 1918.
certified check on a
national bank for 5g of amount bid for, payable to the order
of the City Treasurer, is required. Bids must be made on
blanks obtained from City Auditor. Purchaser to pay ac-

We

A

crued interest.
Collingsworth County (P. 0. Wellington), Texas.—Bond
Sale.—Tua State Board of Education on October 9 purchased
an issue of $16,000 refunding bonds of this county. The
bonds have been registered by the State Comptroller.

1, 1903. to Oct. 1, 1932,
Offer ing.— Proposals will be re-

ceived until 3 p. M October 21, by the Trustees of the Sinking Fund— Martin A. Gemuender, Secretary— for the $400,000
4% 10-20-year (optional) refunding High Street viaduct bonds
described in the Chronicle September 27. Authority, Section 2701, Revised Statutes of Ohio, as amended April 27,
1896(0. L,, V. 92, p. 368).
Proposals will also be received fcr $53,000 4% refunding
Boston Loan bonds, issued under the same authority as
above. Date, April 1, 1900. Interest, April 1 and October 1
at the City Treasurer's office. Maturity, April 1, 1920; optional after April 1, 1910. Bonds will be ready for delivery
on October 30 in the city of Columbus.
are advised that on SeptemCrete, Neb.— Bond Sale.—
ber 26 this city sold $3,500 electric-light and $2,500 waterextension 5% 10-20-year (optional) bonds to the Conservative
Investment Co., Crete, at par. Date, Sept. 1, 1902. Denomination; $500. Interest payable September 1 in Crete or in
,

We

New York

City.

Dickson, Tenn. Details of Bond Sale.— We are advised
that the $25,000 5£ 30-year water bonds which we stated last
week had been reported sold to F. M. Stafford & Co, of Chattanooga at par and blank bonds, were awarded at 101 and
blank bonds. Denomination, $1,000. Interest, semi- annual.
It is stated in local papers that an injunction has been served

upon the Mayor and Board of Aldermen restraining them
from issuing these borjds.
Dresden, Ont.— Debenture Offering.— Proposals will be received until 12 M., October 22, by Arthur Smith, Town Clerk,
Interest, annual. Mafor $40,000 4% coupon debentures.
turity, payable in twenty annual instalments at the Bank of
Commerce, Dresden.
East Bank Levee District, Plaquemines Parish (P. O.
Pointe-a-la-Hache), La. Bond Sale.—It is stated in local
papers that the $135,000 5% bonds mentioned in the Chronicel of October 4 have been sold.
East Orange, N. J.— Bond Sale.— The $45,000 4% 30-year
school bonds for which bids were received September 22, a
list of which was given in the Chronicle September 27, have
been awarded to the Essex County Trust Co. East Orange,
at their bid of 104 55.
East Washington (Borough), Pa.—Bond Offer ing.— Proposals will be received until 7:30 P. M., October 21, by Norman E. Clark, Secretary pro tern. (P. O. Washington), for
$20,000 4% eewer bonds, series "A," and $30,000 4% street-paving and grading bonds, series " B." Denomination of each
issue, $500.
Date, Nov. 1, 1902. Interest, May 1 and Nov. 1.
Bonds of each series mature on Nov. 1 as follows
,

:

$1,000 each year from
in 1U19, $1,000 in 192u, $1,000 in 1921, $1,500 in

Series A.-$500 each year from 1903 to 1012, inclusive

;

1913 to 19i8. inclusive; $i,0i
$1,600 in 1923 and $2,i 00 in 1924.
Series B.— $600 each year from 1908 to 1919, inclusive $2,0C0 in 1920, $2,500
in 1921, $8,000 in 1922, $3,000 in 1923, $3,600 in 1924, $3,500 in 1925. $3,500 in 1928

11*22,

;

and

$3,000 in 1927.

The bonds are to be free of all taxes, will be coupon or reg"
istered, at the option of purchaser, and are to be divided into
blocks of $5,000 each and bids must be for each block separately.
Edge wood (Borough), Pa.— Bond Sale.—The $12,000 4%
coupon municipal-building and fire- improvement bonds
offered for sale until October 1 and described in the Chronicle August 30 were, on the 13th inst., awarded to the Moreland Trust Co., Pittsburg, at 101 004 and interest. The
other bids are as follows
Jose, Parker & Co., Bcston, par
and interest; S. A. Kean, Chicago, $12,001 20, bonds to be
free of tax; and W. J. Hayes & Sons, Cleveland, par and interest, less $200 for blank bonds and other expenses.
Elgin, 111.—Bond Sale.— On October 9 the $64,000 4% coupon
water bonds described in the Chronicle October 4 were
awarded, subject to the approval of the City Council, to Rudolph Kleybolte & Co., Chicago, at 103*63 and accrued interFollowing are the bids
est.
R. Kleybolte & Co.. Chlcago.$66.325 00 Thompson, Tenney & Craw$64,975 OO
Denison, Prior & Co., Cleve. 65,986 81
ford Co., Chicaeo
SeasoDgood & Mayer, Cin
66,400 50 Merch. Loan & Tr. Co., Chic. 64.710 00
Farson, Leach & Co., Chic
65.301 00 Jose, Parker & Co., Boston-. «4,64o 00
Trowbridge & Niver Co.. Chic. 65,301 on 3. A. Kean. Chicaeo
64.00000
W. J. Hayes & Sons. Cleve.. 65,205 00 J.M.Holmes, Chicago
N. W. Harris & Co., Chic
65, 33 oo
Elllsville, Miss. Bonds Authorized.—The City Council
:

:

.

.

.

.

1

has authorized the issuance of $5 000 5?20-year school bonds.
Emporia, Ean. Bond Sale.— On October 8 this city sold
to Spi zer & Co., Toledo, the $20,000 4%% electric-light bonds
voted last April.
Erie County, N. Y. Bonds Authorized— Bond Offering.
The Board of Supervisors has authorized the issuance of $75,000 Sixty-fifth Regiment Armory and $70,000
Erie County good road 3J^ per cent bonds, the armory
bonds to be issued under Chapter 277, Laws of 1900,
and the good-read bonds under Chapter 115, Laws of
Chapters 685
1898, Chapter
240, Laws of
1901, and
and 686, Laws of 1892. and the Acts supplementary thereto
and amendatory thereof. Both issues are dated Nov. 1, 1902.
Interest, May 1 and November 1 at the office of the County
Treasurer. Securities will mature as follows Armory bonds,
$7,500 yearly on July 1 from 1903 to 1912. inclusive, and the
good-road bonds $3,500 yearly on July 1 from 1903 to 1922,
inclusive.
Proposals for these bonds will be received until
11 a. m., Oct. 25, by William H. Daniels, County Treasurer.

—

:

'

—

:

—

THE CHKOMCLii.

872

A certified check for 2% of amount of bid, payable to said
County Treasurer, required, and purchaser must pay accrued interest.
Fisher, Polk County, Minn.— Bond Offering.— Proposals
be received until 8 p. m., November 1, by C. U. Webster Sr., Recorder, for the $3,000 &% 10-year funding bonds
described in the Chronicle September 27 and which were
offered but not sold on October 1.
Fostoria, Ohio.— Bond Offering.— Proposals will be received until 1 p, m., October 27, by J. M. Sohatzel, City Clerk,
for $10,000 i% refunding bonds, as follows
-will

:

$1,000 refunding sewer district No. 1 bonds, denomination $1,000.

Interest semi-annually at the National
City. Maturity. Sept. 1, 1922. Authority, Title 12, Chapter 2, Section 1701, Revised Statutes of
Ohio, and a city ordinance passed Sept. 28, 1902. Certified
check for $500 required. Purchaser must pay accrued in-

Date, Sept.

1,

[Vol.

LXXV.

tional) school-building bonds to the First National Bank of
Fort Collins at par. Denomination, $1,000. Date, Oct. 1,
1902.
Interest, April 1 and October 1.
Lawrence County (P. 0. Bedford), Ind.— Bond Offering.—
Proposals will be received until 1 p. m., October 20, by the
County Treasurer, for $28,000 i%% gravel road bonds. Denomination, $700, "payable semi-annually on the 15th day of
May and 15th day of November of each year until paid." Interest, semi-annual.
Bidders will be required to deposit a
certified check, drawn on a reliable bank of Lawrence
County, for d% of the par value of the bonds to be sold.
Le Grand School District, Merced County, Cal.— Bond
Offering. Proposals will be received until 10 a. m., Nov. 11
by the Board of County Supervisors, W. B. Croop, Clerk, for
$3,500 52 1-7-year (serial) bonds of this district. Denomination, $500.
Lima, Ohio.— Bond Offering.—Proposals will be received
until 12 m., Nov. 3, by Fred. C. Beam. City Clerk, for $25,000
4# 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 0% of the amount of bonds bid for, payable
to the City Clerk, required.
Bids to be made on blank forms

—

600 refunding sewer district No. 1 bond.
sewer district No. 2 bonds, denomination $1,000.
600 refunding sewer district No. 2, Section 2, bond.
1,000 refunding Perry Street improvement bond.
1,000 refunding Union Street improvement bond.
3,000 refunding

1902.

New York

Park Bank,

—

terest.

A
Georgia.— Legislature to Convene.—The State Legislature
convene on Oct. 22, 1802.
Greene Connty, Ind.— Bond Sale. — On October 8 the $81,- furnished by the city.
000 Richland Township and the $80,390 Wright Township
Lorain, Ohio.— Bond Sale Confirmed.— We are advised
&%% road-construction bonds described in the Chronicle that E. H, Rollins & Sons, Boston, who were the highest bidOctober 4 were awarded to Meyer & Kiser of Indianapolis at ders on September 15 for the
$32,000 42 15-year water bonds
102*09.
Following are the bids
desoribed in the Chronicle September 6, have accepted the
will

:

Meyer &

Kiser, Indianapolis... $62,g;2
J.K. Wlld4Co..Indianapolts... 62,617
P. S. Brtggs & Co.. Cincinnati... 62,290

Seasongood A Mayer,

Cincln.... $82,015
61,716

New 1st Nat. Bk., Columbus

Hamilton Connty, Ohio. Bonds "Re-issued.— It has been
found that the $115,000 3£ 50-year armory-reimbursement
bonds mentioned in the Chronicle September 18 and October 4, which were dated Oct. 1, 1902, at which time the old
bonds were to be retired, would have to be re-dated, as the
end of the interest period for the $100,000 issue to be taken
up was December 1 and that of the $15,000 issue October 30.
The County Commissioners therefore have withdrawn the
bonds and put out new ones to conform witb the interest
dates above mentioned.
Henwall, Ont.— Debentures Not Sold. We are advised that
the bids received on October 13 for the $8,000 A.% local im
provement debentures were not satisfactory, so the securities have not been awarded.
Hinds County, Miss.— .Bond Sale.-Oa October 6 the $65,000 5# 5-20-year (optional) court house and jail bonds described in the Chronicle October 4 were awarded to John
Nuveen & Co. of Chicago at 102'24. Following are the bids
John Nuveen 4 Co., Chicago. $66,465 00 Feder. Holzman &Co.. Cin... $65.600 00

—

:

Robinson Humphrey Co.,At.

.

Kean. Chicago
66.C00 0J
First
Nat. Bank, Jackson
(for $10 OOO bonds)
10,176 00
Ben H. Wells If or $2,000 bds.) 2,050 00

S. A.

85,817 00

lanta.

Merchants' Bank, Jackson
65,812 5o
Thos. J. Bolger & Co., Chic... «6,:15'>0
Beasongood & Mayer, Cincln. 65,520 Ou
.

Hoboken, N. J.— Bond Offering.— Proposals will be received until 4 p. M October 22, by the Mayor and City Council, at the office of the City Clerk, for the $130,000 30 year
,

school-house bonds mentioned in the Chronicle October 4,
(bids are asked for bonds bearing interest at 3% and Z%%);
also for $15,000 3}4% 30-year refunding bonds. Interest, semi
annual. Certified check for $5,000 is required with bids for
school bonds and $1,000 with bids for refunding issue.
77ie official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Hyde Park, Ohio.— Loan Authorized. The Council has
authorized a loan of $1,500 for the use of the sidewalk fund,
the noney to be borrowed from the Franklin Bank for three

—

months
Iowa

at 52.
City,

We

are informed that the
Iowa.— Bond Sale.—
$14 000 street-paving bonds mentioned in the Chronicle
October 4 have been sold to local parties.
Killeen Independent School District, Texas.— Bond Sale.
The State Board of Education on October 10 purchased an
issue of $10,000 bonds of this district.
King Countv ( Wash.) School District No. (iS.—Bond Sale.
—On October 9 $2,500 4-6 year (optional) coupon schoolbuilding bonds of this district were awarded to Wm. D. Perkins
Co. of Seattle at par for 5 per cents. Following are
the bids

—

&

Wm. D.

Perkins

&

6* Ron >b.

W.K.

Holland. Seattle

0% Bonds.

Par

Co., Seattle

Thompson, Teuney & Crawford

Co.,

Chicago

fo'6

;

Par

52

bonds, notwithstanding the report recently circulated that
they had refused them.
Bonds Authorized. An ordinance has been passed by the
City Council authorizing an issue of bonds for sewer pur-

—

poses.

McKeesport School District, Pa.— Bond Offering.—Propobe received until 5 p, m., October 30, by W. J. Roseborough, Secretary, for $25,000 %%% coupon school-building
bonds. Date, Dec. 1, 1902. Interest annually at office of
Citv Treasurer. Maturity, $5,000 on December 1 of the years
sals will

1907, 1912, 1917, 1922 and 1W27.
Securities will be free from
certified check for $1,000 on a State or national
bank must accompany each bid.
Manhattan, Kan. Details of Bond Sale.
are advised
by the City Treasurer that the $10,000 4£ city hall bonds
mentioned in the Chronicle last week as having been sold
were awarded on October 1 to Manhattan Township and Geo.
S. Murphy at par.
The bonds are dated Oct. 1, 1902. Interest, April 1 and Octobtr 1.
Maturity, five years from date of
issuance, subject to call at any time.
Milwaukee, Wis.— bond Sale.-Oa October 15 the $100,-

State tax.

A

— We

8%$ sewerage bonds were awarded to O'Connor & Kan
ana Edmund Seymour & Co, (both of New York City) at
their joint bid of 10031. The bonds were fully desoribed in
last week's Chronicle.
Minnesota. Bona Sale.— We are advised that the $300,000 32 certificates of indebtedness for which proposals were
asked until Oct. 7 have been sold to the State Permanent
School Fund at par. There were no other bidders. Securities were described in the Chronicle Sept. 27.
Mogodore Special School District, Summit and Portage
Counties), Ohio.— Bond Offering.— At 2 p. m., October 24, in
the law office of Hegelbarger & Mather, Room 518, Hamilton
Building, Akron, Ooio, the Board of Education will offer at
public sale $1,5U0 52 coupon school bonds. Date, Oct. 24,
1902. Interest, semi-annual. Maturity, one bond $750 Oct. 24,
Terms, cash on day
1913, and one bond $750.Oct. 24, 1914.
Authority, Section 8993 of the Revised Statutes of
of sale.
Ohio. E V. McCl09key, Clerk Board of Education.
Mount Vernon, N. Y.— Bond Sale.— We are advised that
the $50,000 4% 6-vear redemption bonds were awarded on
October 2 to tbe Patcbogue Bank of Patchogue, and Farson,
Leach & Co., New York, $25,000 to each, at 101*62. Bonds
were described in the Chronicle Sept. 27.
000

ler

(

New Castle, Pa.— Bond Offering.— Proposals will be received untif 7 p. m., October 27, by C.
Duff, City Clerk, for
$20,000 3J^2 coupon conduit bonds, series B. Denomination,
$">00.
Dite, Oct. 1, 1902. Interest semi annually at office of
City Treasurer. Maturity, Oct. 1, 1922; optional after Oct. 1,
1912.
Accrued interest to be paid by purchaser. Securities
free from all taxation.
Norfolk County, Mass.— Bond Sale.—On October 14 the
$50,000 1-year bridge loan mentioned in the Chronicle
Tupper of
October 11 was awarded to Loriog, Tolman
Boston, the only bidders, at 6%.
Palo Pinto County, Texas. -Bond Sale.—The $1,950 3>£2
5 20 year bridge-repair bonds mentioned in the Chronicle
Sept. 27 have been sold to the State Board of Education at

C

&

Bonds were authorized at an election held Sept. 6, 1902.
Denomination, $5C0
Date, Nov. 1, 1902. Interest annually
at office of the Treasurer of King County or at the fiscal par.
agency of the State of Wasbiagton in the city of New York.
Petoskey, Mich.— Bond Sale.— On October 13 the $15,000
Lanesboro, Minn.— Bond Offering. —Proposals will be re i% 10-20 year (optional) refunding water-works bonds deceived until
November 3, by O. N. Viste, Village scribed in the Chronicle last weea were awarded to Jose,
Clerk, for $6,000 5% electric-light and water- works-improve- Parker & Co., Boston, at 100*67 and interest. Following are
ment bonds: Denomination, $1,000. Interest, semi-annual, the bids
" the first bond to become due nine years from date and the
Jose, Parker & Co., Boston, $15,100 07.
last five years thereafter, principal and interest payable at Kenton, Hood & Co., Detroit, par and $26 and cost of print nig bonds.
Lanesboro." Authority, election held Oct. 8, 1932. A certi- Seasongood & Mayer, Cincinnati, par less $500, attorney's fees and cost of
E riming bonds, Co., Chicago,
fied check for $250, payable to the Common Council of the
os.
Bolder &
par less $300.
village of Lanesboro, required with each bid, and the pur- S. A. Kean. Chicago, par less 11.
chaser must furnish blank bonds.
Platte, So. Dak.—Bond Sale.— The $6,500 5* 5-15-year (opLarimer County School District No. 5 (P. O. Fort Col- tional) water -worse bonds were awarded on October 6 to
lins), Colo.— Bond Sale.— We are advised that this district T. H. McCarty of Chicago at par.
Bonds were described in
sold and delivered on October 1 $35,000 41^ 5 15-y ear (op- tbe Chronicle September 20.

8pm,

:

.1.

:

OoT«eER

—
—

:

THE CHRONICLE.

18, 1902.]

1902.
Interest, May 1 and November 1 at the National
Exchange Bank in Boston. Maturity, $500 yearly from 1908
to 1924 and $4,000 in 1925. Date of sale not determined, probably some time in October.
Sacramento, Cal.— Bond Offering.— Proposals will be received until 8 p. m., December 15, by M. J. Desmond, City

Pontiac. Mich.— Bond Offering.— Proposals will be received until 8 P. m., local time, Oct. 20, by Fred O. Thonap
son. City Clerk, for $10,000 5% special paving assessment
bonds. Date, May 1, 1903. Interest, semi-annual. Maturity, one bond $2,500 each year from May 1, 1904, to May 1,
1907, inclusive, and payable at First Commercial Bank, Poncertified check for $100, payable to William O'Riley,
tiac.
City Treasurer, should accompany each proposal.
Pony, Mont—Bond Offering.— A.. W. Noyes, Town Clerk,
will offer at pnblic auction at 10 a. m. October 20 the $20,000
5£ coupon water bonds which were offered but not sold October 1. Denomination, $1,000. Date, Jan. 1, 1903. Interest
semi-annually at office of Town Treasurer or at some bank in
New York City to be designated by Treasurer. Maturity,
Jan. 1, 1923; redeemable Jan. 1, 1913. Bidder required to de-

A

Date,
Maturity,
$4,000 each year from Jan. 1, 1904, until full amount has been
paid. A certified check for $5,000, payable to City Clerk,
must accompany each bid.
Salisbury School District, Mo.— Bond Sale.— On October 9
this district sold $15,000 5% 10 20-year (optional) bonds to John
Nuveen Co. of Chicago at 104*45 and accrued interest. The
Jan.

.

.

15.376
16,235
16,187
16,166

00
00
00
0O

— We

.

&

&

Prince Albert (Town), N. W. T.— Debenture Offering.—
Proposals will be received until December 15 by F. H, Clinch,
Secretary-Treasurer, for $15,000 4%% 20 year debentures.
Prowers County (<!olo.) School District No. 14.— Bond
Sale.
are advised that this district recently sold $5,000
5* 5-15-year (optional) bonds to Trowbridge & Niver Co.,
Chicago, at 100 26.
fienloo, Wash. Bonds Voted.— At an election held in this
town October 7 there were 115 votes cast in favor of and 35
against the proposition to issue bonds for a water system.
Bockport, Mass. Bonds Authorized. This town has authorized the issnance of $15,000 3%t coupon water- works-extension bonds. Denominations, $500 and $1,000. Date, Nov. 1,

&

— We

:

.

.

I

I

Denlson. Prior

&

Co., Cleye .... 53,750

|

South Bend, Ind.— Bond Sile.—On September 80 the $18,000 3%% 10-year Howard Park bonds described in the Chronicle September 27 were awarded to Denison, Prior & Co.,

—

NEW

1.

.

l

.

$1,000.

Denomination of bonds, $500. Date, Oct. 1, 1902.
San Antonio (N. M.) School District.— Bond Sale.
are advised that, this distrisr recently pold $1,000 10-20-year
(optional) bonds to Grace M. Allaire, Palo Alto, Cal., at par
and accrued interest. Date, July 1, 1903. Denomination,
Interest, semiannual.
$500
Sebring, Ohio.— Bond Sale.— On O itober 8 this village sold
Co. of
$9,790 20 improvement binds to D*nison, Prior
Sons, Cleveland, also
Cleveland at 103-003. W. J. Hayes
bid for the bonds.
Seqnoia Union High School District, San Mateo County,
Cal.-Bond Sale.— On October 6 the $50/00 5% bonds described in the Chronicle September 27 were awarded to MaCo. of Chicago at 108 '05 and accrued interest.
son, Lewis
Following are the bids
$54,026 Bank of San Mateo County,
Mason, Lewis & Co.. Chicago.
Redwood City
$63,685
Herbert Kraft Co., Red Blufls,
51.06B N. W. Harris & Co.. Chicago..... 61,535
Cal

ton, at 102-166
H. Rollins & Song. Boston. ..103166 Geo. A. Fernald& Co.. Boston. 10 T80
rarson. Leach
Co.. Chicago. 101 153
Frank Seabury & Bro.. Boston. .10200
100-33"
N. W. Harris & Co.. Boston
Montgomery, Rollins & Co.,
Boston
101637I K. C. Stanwood & Co.. Boston. ..100"25
<fc

Interest,

16,655 00 J. A. Scudder & Co.. Chicago.
ford Co. Chicago
R. Klevbolte & Co.. Chicago.. .15,645 00 Jose, Parker & Co.. Boston.
V. Montague & CO..K. City. 15,608 00 KrankP Hays. St. Louis ...
R.
Oeo. M. Brlnkerhoff, Sp'fleld. 15.456 60 Thos. J Bolger & Co., Chic.

—

I

1903.

&

an unconditional check for $1,000, certified by some
and payable to Town Treasurer. Purchaser
to pay accrued interest.
Port of Portland (P. O. Portland), Ore.— Bonds Authorized.— Qa October 6 the Port of Portland Commission authorized the issuance of $400,000 4% 80-vear dry-dock coupon
bonds. Denomination. $1,000. Date, Jan. 1, 1903.
Portsmouth. N. 11 — Bids. Ton following bids were received on October 8 for the $50,000 3%% 20 year water bouCs
awarded, as stated last week, to B H. Rollins & Sons, Bos

9.

1,

bids are as follows
Jno. Nuveen & Co.. Chicaeo..$15,667 50 Trowbridge 4NiverCo..Cnic.$15,369 50
N. W.Harris & Co.. Chicago, 15,378 00
Thompson, Tenney & Craw-

in Butte,

.

Denomination,
January 1 and July

Clerk, for $150,000 4% bonds.

posit

bank

873

Cleveland, Ohio.

NEW

LOANS.

HOBOKEN,

$4,000,000

<$

Department of Finance,
Chicago, October

1,

1902.

NEW

JERSEY,

130,000

SCHOOL BONDS,

CITY OF CHICAGO
MUNICIPAL BONDS.

LOANS.

«15,000
REFUNDING BONDS.
Public notice is hereby given in accordance with
a resolution of the Common Council of the City
of Hoboken. passed on the 24th day of September,
1902, and duly approved on the 26th day of September, 1902, that sealed proposals for the purchase of
$130,000 School House bonds, to run thirty years
from date of issue bids to state prices on bonds
bearing interest at 3 and 3}£ per cent, payable semiannually and
$15,000 Refunding bonds, to run thirty years
from date of issue; bids to state prices on bond*
at Z\i per cent ir.terest, payable semi-annually;
will be received at a regular meeting of the Common Council of the City of Hoboken, on
;

Sealed bids will be received at the office of the City
NOON,
Comptroller UNTIL TWELVE (12) O'CLOCK
OCTOBER 31, 1902, for Four Million ($4,000,000) Dollars of

These
Municipal Bonds in denominations of $1,000 each.
bonds are to be dated January 1, 1903, and will be payable
twenty (20) years from that date, bearing interest at the
rate of rate of three and one-half (3*4%) P er cent per annum,
payable semi-annually. Both principal and interest being
payable in gold of the present standard of weight and
fineness, at the fiscal agency of the City of Chicago in New
York, and at the office of the City Treasurer in the City
of Chicago
These bonds are to be issued in pursuance of an ordinance of the City Council of the City of Chicago, passed
September 22, 1902, for the purpose of supplying means to
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
registered as to principal, if desired, in the office of the City
;

Comptroller.
The City reserves the right to reject any and all bids.
L. E.

McGANN,

WEDNESDAY AFTERNOON. OCTOBER
Certified check for |5,0C0

By

order of the

judgments

including

the

$24,000,000

Sec. 312, Paragraph 18.— ". The one-flftli value of all property so
ascertained and set down tiiall be the assessed value for all purposes
of taxation."

The assessed valuation of the City
JSdaking the actual cash value

is

CoudcU.

8END FOR

LI8T.

DENISON, PRIOR & OO.
B08TON.

CLEVELAND.

Blodget, Merritt

&

Co.,

BANKERS,
Congress Street, Boston.
NASSAU STREET, NEW YORK.

STATE. CITY & RAILROAD BONDS.

above-mentioned

is

Common

INVESTMENT BONDS.

36
Chicago,

required with school

JOHN HAGGERTY, City Clerk.

City Comp'roller.

total debt of all descriptions of the City of

is

bond oner, and $1,000 for the Refunding bond Issue.
All proposals must be directed to the Mayor and
Council of the City of Hoboken, at the City Clerk's
The Mayor and Council
office, Hoboken, N. J.
reserve the right to reject any and all bids if
deemed in the interest of the city to do so.

16

The

22, 1902,

AT FOUR O'CLOCK.

$400,000,000
$2,000,000,000

The cheapest that arc good; the

BONDS

best at the price.

CERTIFICATES

partly lithographed and partly printed ; finished in a few
days; handsome design*; must be seen to be
appreciated. Send for sample*.

ALBERT IB. KllSTGr & CO.,

Engravers and Lithographers,
105 William
(telephone Connection.)

St.,

K*w York*

—

:

THE CHRONICLE.

874

—We

are advised that this
Springfield, Mass.— Bond Sale.
city has sold $55 000 %\0, 20-year gold school bonds on a %Mt
interest basis; $50,000 to the Third National Bank and $5,0u0
to the State Treasurer. Date, Oct. 1, 1902. Interest, April 1
and Oct. 1.
Sntherland, Iowa.—Bond Sale.— On October 9 this towsold $3,500 5£ 10-20-year (optional) bonds to the First Na,
tional Bank, Barnesville, at 101 "17. Denomination of bonds
Date, Oct. 10, 1902. Interest, annually on October 10'
$500.
Tallahatchie County, Miss. Bond Sale. -On October 6
the $35.00) 5% 20-year court-house and jail bonds described in
the Chronicle September 27 were awarded to F.
Fulton
Co. of Chicago at 104 57. Other bids were received ranging from $35,500 to the amount paid for the bonds, $36,600.

R

&

Taunton, Mass.— Bond Sale.—On October 13 the $20,000
described in the Chronicle last week were
awarded to Blodget, Merritt & Co., Boston, at 103'32. Following are the bids

%%% sewer bonds

Blake Bros. & Co., Boston
102"t5
Geo. A. Fernald & o., Boston.. 102146
V 2'OH
N.W.Harris & Co.. Boston
K 2'937 ParKinson & Burr, Boston
102 o39
JOv-929 Estabrook & Co., Boston
R. L. Day * Co.. Boston
Merrill, Oldham &Co., Boston.. 102-419 B.H. Rollins & Sons, Boston.... 101*650
Blodset, Merritt & Co.. Boston.. 103*32
Denison, Prior & Co.. Boston... 103"0<

'

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Utica, N. T.-— Bonds Authorized.—The Committee on FiCommon Council has authorized the issuance
of $13,141 51 (five issues) paving assessment bonds. Authority, Section 68 of the city charter as amended by Chapter 29
of the Laws of 1900
Van Alstjne, Texas.— Bond Sale. W. D. Benton, City
Secretary, advises us that the $5,500 waterworks-extension
boDds mentioned in the Chronicle Sept. 27 have been sold to
J. D. Oldham, Dallas.
Warren Townt-hip (P. O. Barnesville), Belmont County,
Ohio.— Bond Sale.— On October 7 the $15,000 4£ road improvement bonds described in the Chronicle Sept. 13 were
awarded as follows $7,500 to the First National Bank,
Barnesville, at par and accrued interest, and $7,500 to the
People's National Bank, Barnesville, at par and accrued interest.
Both banks bid for the whole issue.
bid of $15,016 25 was submitted by Seasongood & Mayer of Cincinnati.
Washington C. H., Fayette County, Ohio.— Bond Sale.—
On October 8 the $2 800 5% street-assessment bonds described in the Chronicle Sept. 27 were awarded to A. S.

nance of the

—

:

A

INVESTMENTS.
J. F.

WILD &

Ballard of Washington C. H. at 102-50.
bids

CO.,

N.

H

S. Ballard, Wash. C.
$2,870 00
P. 8. BrigKS & Co., Cincinnati. 2,865 00

FOR SALE, HIGH-GRADE

CORPORATION

P. L. Fuller

& Co., Cleveland.. $2,828 00

|

Webster proves, Mo.— Bond Offering.— Proposals will be
received until 8 P. M., October 20, by the Mayor and Board
of Aldermen, for the $50,000
20-year water- works bonds

H

mentioned in

last week's Chronicle.
Denomination, $1,000.
Date, Oct. 1, 1902. Interest April 1 and October 1 at Lincoln Trust Co., St, Louis. Proposals ehould be addressed to
T. C. Young, Mayor, and must be accompanied by a certified
check for $1,250, made payable to the City Treasurer. Assessed valuation for 1902, $1,701,580; estimated valuation,
$4,000,000; present bonded indebtedness, $8,000.

Westbroofe,

Minn.— Bond Sale.— We

are advised that the

$7,000 5% water works bonds offered for sale on Sept. 29 have
been sold to C. A. Boalt
Co., Winona, at par. For description of securities see Chronicle Sept. 20.
West Homestead (Pa.) School District.— Bond Offering.
Proposals will be received until 6 p m., October 2), by the
B >rough School Board, W. A. Keirn, Clerk, for $30,000 4*
5-29-year (serial) bonds. Denomination, $1,000. Dite, June
2. 1902.
Interest semi-annually at the First National Bank,
Homestead. Authority, election at which 54 vot-s were cast
in favor of and 6 against the issue. The district has no other
bonded debt, and the official circular states that there is no
litigation affecting the validity of the securities. Apparently
these are the bonds which were offered for sale on June 30

&

—

and August 4.
Wilbes-Barre (Pa.) School District.— Bond Sale.— We
are just advised tbat the $40,000 4g school bonds offered on
Sept. 2 were awarded on Sept, 20 to Denison, Prior & Co.,
Cleveland, at 104 27. Bonds were described in the Chronicle Aug. 30.
Woodman (Mont.) School District No. 18.— Bond Sale.—
This district recently sold $800 6% 5 year bonds to the Thomas
Cruse Savings Bank of Helena. Date, Nov. 1, 1902. Interest,

semi-annual.

INVESTMENTS.
INVESTMENTS.
W. HARRIS & CO., Geo. D. Cook Company,

Railroad and other bond* adapted
funds and savings.
ISSUE TRAVKLSRST LETTERS 03 OSSDIi
A VAILABLB IN ALL PASTS OF TBS WORLD
for trust

MUNICIPAL
RAILROAD

I

State Treafury.

31 and 33 PINE ST., NEW YORK.
CHICAGO.
BOSTON
Deal exclusively In municipal,

Indianapolis, Ind.

Following are the

Weatherford, Texas.—Bond Sale.—The State Board of
Education on October 9 purchased $5,000 bonds of this city
with the condition that the bonds be made payable at the

BAN KERB.

BANKERS

LXXV.

:

A.

I

I

[Vol.

INVESTMENT SECURITIES,
Countelman Buildin? 238 La

Salle 8t.

CHICAGO.
Broad Exchange Building 25 Broad

8t»

NEW YORK.
Mexican fcrOTernment and State Bonds.

Quotations fnralt hed for puronase, sale or exonange

BONDS.

BONDS

Oldest Bond House In Indiana.
Prices and circulars upon application.

SUITABLE FOR

FARS0N, LEACH &
Public Securities,

Savings Banks,

Perry, Coffin

&

Trust Companies,

Burr,

INVESTMENT BONDS
1

Service

NEW YORK

MUNICIPAL
RAILROAD
CORPORATION

Corporation

Street

I.IHT

Kidder

&

Co.,

LA SALLE STREET,

CHICAGO.
Mi.

BONDS-

MacDonald, McCoy

&

Co.,

LIST OH APPLICATION.

ILLS.

BONDS.

5%

171

La Salle

Street, Chicago.

Net.

It.

POWELL &

CO.

Wood.laok, Vermont.

1.

&rttoId £>cn&&zv

Sc (too.,

VICKERS A PHELPS,
15

-

-IM''

AND CORPORATION

Correspondence Invited.

HARRY

»UNUb,

172 Washington Street,

MUNICIPAL

ON APPLICATION.

MINNESOTA BONDS,

T. B. POTTER,
MUNICIPAL and tankinc
-

60 Dsvonsnlr*

HIGH-GRADE

San Francisco.

-

S.

BONDS,
184

Railway and 9a» Companies

Yielding

CHICAGO,

Chas.

CITY

Choice lasses.

BOSTON.

CORPORATION

Co.,

BOHTOM.

MonailDtok Building.

ROLLINS & SONS

Denver.

ST..

&

BANKERS,

BONDS.
E. H.

NASSAU

CHICAGO.

AND

Public

PHILADELPHIA.

MASON, LEWIS & CO.

MUNICIPAL

BOSTON.

Individuals.

Rudolph Kleybolte

BOSTON.

NEW YORK.

CHICAGO.

Trust Funds,

60 State Street,

00.

•
New York
INVESTMENT BROKEKS,
HIGHEST QRADB RAILROAD

Wall Street

BONDS.

523 Western Union Building.

Cbtcaoo, Wlfnots.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102