The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
J¥
finanrlal
flmmErcmlHIftrnnirle
INCLUDING
Bank and Quotation Section
and City Section (semi-Amuiaiiy)
Street Railway Section (^^ySariy"°')
State
(Monthly)
Railway and Industrial Section (Quarterly)
aecordiii;;: to Act of Congress. In the year 1903, by William B. Dana CoxtPANr, in the ollico of Librarian of Congress, WashlnRton,
weekly newspaper entered at Po3t OfHco, New York, *s aecoud-class matter— William B. Dana Compa.vy, Hublishora, 7ii!.< Vino St., N. Y.
Entered
A
VOL.
SATURDAY. OCTOBER
77.
24,
NO.
1903.
Week ending
Clearings
at-
1903.
1902.
111*,
I).
C.
2000.
<^ctober 17
or
1901.
Dec
I'JOO.
PUBLISHED WEEKLY.
Terms
ot Subscription
—Payable
in Advance
For One Year
For Six Months
Enropcan Subscription (inclurtlnij postage)
Enropoan Subscription Six Months (including postage)
$10 00
6 00
13 00
7 50
£2
£1
Annual Subscription in London (Including postage)
Six Months Subscription in London (including postage)
143.
lis.
—
Subscription includes following Sections
STATE AND CirY (semi-annual!y)
BAXK AKD QtroTATiox (monthly)
R.ULWAT AND lNDt7STRiAL (quarterly) STREET Railway (3 times yearly)
I
138,400.851
6,632,300
2.555.606
1,701,303
142.482,059
8,099,600
2,743,174
1.914.363
—2-9
-23-8
Worcester
1,538,9.59
],9y7..'«M
-230
Sprlnefleld
1,528,567
1.601,865
1,031,132
525,786
553,975
—13-9
—17-4
1,192,,526 —13-5
—9-8
582,502
+9-4
506,450
+10-5
396,572
Boston
Providence
Hartford
New Haven-
—8-0
143,794,473
8,926,900
2,318,596
1,633,570
1,740.773
126,177,442
7,992,100
2,378,810
1,442,573
1,5,5:1,813
1,329,674
1,075,021
1,774,303
1.939.668
Portland
Fall River
Lowell
New Bedford
Ilolyoke
Total New England.
156,508,452
164,228,611
Chlcasro
185,673,641
438.048
—6-9
1,570,2611
960,208
588.900
l,389,-209
1,2.32,023
317.522
710,132
486,886
285,043
164.059,326
144,498,924
155.913,495
18,418,700
13,650,868
13,457,519
6,845,039
4,330,766
3.094,200
2,484,610
2,391,988
1,340,599
1,315,065
851.971
639,000
632,674
512,147
500.806
490,885
388,452
398.236
301,381
288.392
274,755
137,015,06.'J
50,000
188.873
135,000
448,:i05
I
Terms
ot Advertising'
—Per
Inch Space
Transient matter per inch space (14 ag.ate lines)
Two Months
Three Montlis
(8
(13
Months
I Twelve Months
(26
(52
Six
$4 20
times)
22 00
times)..............
29 00
times)
...„ 50 00
times)
37 00
i OND ON A GENTS
Cincinnati
21.5.50,000
Cleveland
15,495,699
10,491,559
9,457,066
5,776,619
4,000.000
3.277,808
3,157,282
2,125,373
1.820.867
1,243,966
791.600
1,065,711
600,691
702,266
535,958
558,877
474,002
407,324
385,000
354,417
275,225
250,000
214.703
154,500
104.227
167,325 169
21,662,850
16,314 .530
9.809,852
8,204.944
5,825,756
4,180.050
2.970,852
2.997,433
1,870,440
1,651,338
911,668
707,700
600,880
570.193
570,940
514,925
476,074
361,642
359,924
392,510
271,589
233,313
214,418
179.926
150,000
102,807
+1-4
62,000
153,302
155,518
89,901
271,546,441
249,552,729
-t-8-8
229.854.269
195,357,721
33,951,657
6,554,556
4,884,514
3,178,921
4,674,811
2,584.436
2,027,882
640,623
650,000
358.160
32,617,626
5,460,265
5,204,615
4.086,105
4.327,710
2.350.408
1,800,000
520,366
615,403
345.925
+4-1
+20-0
—6-1
-22-2
27.788,276
3,681,616
4,115.817
4.178,25"
3,206,193
1,374,446
1,267,861
568.913
516,241
280,443
23,706,550
2,176.026
3,198,053
2,591,061
2.658,246
1,199.024
46,978.063
37,882,973
19237,299
18,617,429
15,715 202
6,576,391
6,493,220
3,862,334
4,773.142
1,625,730
Detroit
Milwaukee
Indianapolis
Columbus
Toledo
Peoria
:
Smith, 1 Draper.s' Gardens, E. C, wlU take subscriptions and advertisements, and supply single copies of the paper at Is.
Grand Rapids
Dayton
each.
Akron
Edwards
Messrs.
<fe
\riIiL.IAlK B. DANA COMPANY, Publlsbers,
Pine Street, Corner ot Pearl Street,
Box
Post Office
Spriugfleld,
NEW YORK.
9.58.
Bvansville
CLEARING ROUSE RETURNS.
III
Y ounestown
Kalamazoo
Lexington
Canton
Rockford
Springfield.
O
Bloomington
Quincy
The follcwrng table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, Oct. 24, have Jackson
Ann Arbor
been $2,064,254,237, against $2,025,778,069 last week and
Total Mid- Western
$2,457,187,231 the corresponding week last year.
San Francisco
Decatur.
Mansfield
Jacksonville
Los Angeles.
Clearin^is— Returns by Telegraph,
Week Ending
New
1902.
P.Cent.
Salt
Lake City
Portland.
York.
Boston
Philadelphia.
Baltimore
Cbicatro
St.
190a
Oct. 24.
Seattle
Louis
Orleans
New
Seven cities, 5 days
Other cities. 5 days
Total
all cities,
All cities. 1
Total
5 days. . .
day
all cities
The fuU
for week..
$970,019,081
107,853,019
89,894,330
20,892.250
157.852.578
43,593,296
15.610.907
11,335.100.847
114,377.293
101,806,481
19.541.920
140,293,545
41.987.859
12.083.997
-27-3
Spokane
-5-7
—11-7
+5-9
+12-5
+3-8
+29-2
Tacoma -
$1,405,515,951
305.469.823
81.765.190.942
290.017,463
-20-4
+5-3
Minneapolis
$1,710,985,774
353.268.463
$2,055,208,405
401.978 S26
-16-7
—12-1
«2.064.254,237
$2,457,187,231
—160 Sioux
Helena
Fargo
Sioux Falls
Total Pacific
59,505,560
Kansas City
Omaha
St.
St.
Paul
Joseph
Denver
Ues Moines
City
Topeka
Davenpoi^
week covered by the above will be Wichita
Springs
given next Saturday. "We cannot furnish them to-day, clear- Colorado
Fremont
ings being made up by the clearing houses at noon on SaturTotal other West'rn
day, and hence in the above the last day of the week has to
St. Louis
be in aU cases estimated, as we go k> press Friday night.
New Orleans
details for the
We present below our uoual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, Oct. 17, and the results for the corresponding
week in 1902, 1901 and 1900 are also given. Contrasted with
the week of 1902 the total for the whole country shows a loss
of 22-2 f.>er cent. Outside of New York the increase over 1902
is
21 per
cent.
Louisville
Houston
Galveston
Richmond.
Savannah
Memphis
,.
Atlanta
TT'eefe
—
1903.
New York
Philadelphia
Pittsburtrh.
Baltimore
Buffalo
Vfa-Hhington.
Albany
Kochester
Utica
Scranton
SyrHcuse
Wilminaton
Wilko^' Barre_...
Whee.ins
Blni-'haniton
Greeiisbunr
Chester
Erie
Franklin, Pa
Total Middle...
ending October
1902.
Inc. or
Dec.
"o
1,125.459.183 1.721,164.739
108,799.944
125.008.946
44,567,927
40.339.25b
26.282,249
23,581,367
6,427,467
6,457,164
4,329.554
8.802.069
3.769.843
3.62.3,137
2.651.371
2.55S.878
Publication
1.694.327
1,299,626
1,259.883
17.
IBOL
1900.
Nashville
Norfolk
-10-5
--11-5
-
-0-5 ,
-f-13-9
--4-0
4-36
34.162.251
22.555,393
7,054,153
2.855,104
3,225,673
2,204.239
29.274,499
19,288,337
5,636.191
2.438,122
2,945,455
1,897.485
discontinue d.
1,201,244
1.336,857
1.344,942
930.907
735,542
775.561
820.157
426,600
332,600
368.295
461,2»6
492.530
342,706
474,491 N^ot include
183,600 Not include
1,329,535,267 1,933, 130,95:^
+41-0
1,350.253
1.050,645
—4-2
1,14(>..S92
1.312.576
—6-3
1.279.809
923.939
+26-5
775.320
-5-5
748.083
+28-3
345.800
379,700
—20-2
406.757
3:^3.264
443-8
388,354
274,929
d Into tal.
d in to tal.
—31-3 1.523.U1S.156 1,179.307.908
52..812.599
19,,593.880
10,,535,541
5,,514,489
4.,984,183
Fort
Worth
Birmingham
1.,834.741
Knoxville
1, 095,705
2, 290.914
1,,110,739
all
New York
-I-16-6
+19-5
+30
+80
+10-0
-|-i2-7
+11-6
—11-8
—1-5
—7-6
1,075,.35»
716,300
375,846
186.508
66,857,908
62,870,734
51,049,376
13.826,724
9,838,332
8,604,788
4,401,500
4,437,091
4,290,074
> 5,388,493
3,793.964
2.200.184
2,041.179
1,639,717
+3-5
+41-7
+7-1
46,764,866
13,944,484
36,487,158
14,066.018
8.!521,562
7.917,0-25
+ 10-4
7,394,706
5,254.000
4,112.534
5,847.810
3,704,304
3,381,777
8,395,290
4,210,000
3,623,856
6,794,180
4,286,828
2,625,559
1,442,517
1,500,177
1,050.863
850,000
—161
+151
-7-5
-2-0
tl
+30-6
+ 1-0
+28-5
—7-5
+0-7
+9-9
-15-5
+11-9
+0-9
1,100,5'JO
951.424 +15-2
3,194,085 —28-3
660,000
400,000
364.326
Outside
255 000
+180
—1-3
759,456
395.000
796,624
Total
—1-9
+30-6
530,400
436 579
331,318
388,309
479,142
324,144
266.248
259,472
225,821
+134
,066,000
131,4«i,144
4-31-2
4-13-3
953,7-27
158,929
Chattanooga
776.484
+36-4
+3-1
+77-4
+5-3
+23-1
-K-1
+17-4
78.146,073
Macon
,403,084
-rlO-2
i591,055
1,189,867
1,121,000
Guthrie
Total Southern...
+53
+120
—19-5
+10-8
-9-7
+15-3
—49-2
998.218
Beaumont
+63
+15-3
—0-8
+10-0
+10-3
14,609,850
11.271,034
8,496,882
6,145,018
3,184,849
2,876,000
2,219,098
2,388,057
1,283.521
1,044,336
17,655,456
6,972,556
5,433.106
4.772,480
5,768,513
1.669.701
1,641,315
1,246,081
997,101
•
443,721
863,866
136,713
Little Rock.
Jacksonville
Charleston
,s
—34-6 1.337.309,210 1,023,592,102
-12-8 107.615.121
90.132.344
77,138,205
3,,820,287
2, 418.168
1. 725.305
Augusta
CleariTigs at
23,697,169
21,894,703
8,102.566
6,784,075
5,030,042
5,000 000
2,099,577
1,705 028
1,466,225
998,503
618,201
4,,483.795
—0-5
-5-0
+21-7
+5-6
+3-5
+3-8
57,333,483
26,452,846
19.310.288
7,980 549
6,266,354
4,655,695
5. 100.000
2.281,840
1,371,878
1,624,161
901,862
712,555
300,000
180,1^*
9,,500,000
5,,748,500
-l-ii-o
-4-9
1,037.526
990,000
419,426
904,210
158,067
575,-.i07
1,857,96*
807.-331
809.000
444.250
-1-2
+U8-7
Not include d in to
Not include d in to
120,502,714
1,450,3-26
1,542,965
1,780,336
899,707
673,933
2,433,275
914,a34
856,000
524,700
1,098.0.57
+9-1
352,800
224.34i
109,854,419
97,974,557
tal.
tal.
2.025,778.069 2.602.894.582 —22-2 2,141.222,641 1,718,002.817
900,318,886
881,729,783
+2-1
803,912,931
094,410,715
20.427,107
13,951.521
4,612.017
-14-2
-11-4
+11-3
13,917,310
13.456,449
3.241.728
1.609.637
1,911,881
1,308.763
1.025,120
811.472
829,737
13,302.356
9,669,380
1,582 651
1,315.576
843,688
23,748.654
15.753.707
4.142.102
1,523,131
1,587.2«»
1,256,088
1,002.042
942,679
664.897
677,646
561.087
+o0 2
712.-345
795.666
4S,o97,170
51.!3t)0,312
—6-3
40.8»4.282
2»,036,03a
Canada—
Montreal
Toronto
Winnipeg
Hahfax
Ottawa
C^uebecl
V ancouver.
Hamilton
St. John
London
Victoria
Total Canada
1.712.6.S5
1,917.216
1.321.990
1.148.784
1,047,416
902,740
711.997
4-12-4
4-20-8
-1-5-2
+14-6
-j-iri
+35-.S
1,000.000
813.907
557,316
+5-1
—
THE CHRONICLE.
1>56
I
Vol. lxxvii.
and the otner making permaneat the temporary injunction against the Boston & Montana and Parla accordance with the requlreoienta of the PoBt rott mining companies, preventing the payment of any
Office Department, the form and appearance of our dividends to the Amalgamated Copper Co., &3. NotInvestors Supplemext has had to be greatly withstanding these disturbing developments, valaes at
altered.
We have deemed it advisable at the same the Stock Exchange showed no general weakening,
time to change the title so as to make il conform but were comparatively steady, the majority of propmore nearly to the consents of the publication. The erties showing advances. Yesterday (Friday) the day
Investors' Supplement therefore, now appears as the passed without any important disclosures, the tone
"Kailway and Industrial SEcnoN/'' a copy of being dull and with no special feature manifest until
The the last hour, when, on an unconfirmed rumor of
which is sent to-day to all our subscribers.
topics
following
editorial discuasions embrace the
banking trouble in a Western city, the market was attacked, and closed irregular and lower.
ANTI-FRICTION BEARINGS.
Taking the week as a whole we think there is a
INCOMBUSTIBLE CARS.
good deal of reason for the opinion, drawn from curCONCRETE FOR RAILWAY PURPOSES.
rent events, that we have entered upon another and
a better phase of the security market. This does not
THE FINANCIAL SI2UATI0N.
by any means indicate a condition for the flotation of
seem
week
would
to
have
been
fuller of promoters' schemes or for new speculative undertakThe past
events than any week for a long time. Perhaps the ings, or even for advancing prices should those
most conspicuous was the failure of two trust com- courses be entered upon the operators would only
panies in Baltimore. Those disasters obtained this court reaction.
It does mean, however, that if conmuch
not
so
because
the
distinction
of
collapse inself, servative methods are used, if the weaker institutions
as the set-back it occasioned to our Stock Exchange take advantage of any little progress of the market
values, added to the qaickness of the recovery those towards stability to get their affairs into a stronger and
values displayed.
We might call the incident thus safer shape, we may hope for a very slow recovery. Conylewed as wearing, in some degree, the character of traction and economies in production will have to be
an eye-opener. At least that seems to express the the rule for the time being for all industrials, until
meaning given it by the dally press.
experience has tested their earning power during a
To get at the teaching of the whole transaction, one period of depression and until all transaotioDs like
should recall the extreme pessimistic character pre- those being brought to light through the investigavailing in Wall Street during the previous week until tions into the affairs of the United States ShipbuildFriday morning and the material advances which set ing Company have been eliminated.
in on that day and which continued all through SatA happy turn in affairs this week has been a notable
urday a week ago. That rise showed more vigor than
had been in evidence at any time for a very con- change in sentiment respecting the political situation
siderable period.
Monday, as soon as news of in Greater New York. There, was a point in the
the Baltimore failures
reached New York, the canvass when the result was quite unpromising for the
The appearances this week
lensitiveness of the public mind was so great that good- government forces.
a slump in prices at the Exchange followed, are ever so much brighter. In large part the imvery nearly If not quite wiping out the previous provement in the outlook has been due to the division
two days' advance. Taesday, however, the same strong in the opposition party in Brooklyn, but it began with
influence so evident the previous Friday and Saturday the decided increase in registration Friday and Saturraasserted itself, carrying up again the whole market day of last week. The break in the opposition, which
to about the level where the decline the previous day seemed at first to be complete, has healed, though in
set in.
This quick recovery was so very unlike the such a superficial way that so far as effective work for
depression which has followed previous and much less the Tammany party in Brooklyn is concerned, the
notable disasters heretofore, that, as already said, the situation is very little better than an open division.
TEE RAILWAY AND INDUSTIAL SECTION.
—
general public interpreted
it
as indicating abetter
and
Stated in brief, the settlement has made McLaughlin
and h^s organization ''regular," and no other can be
more assuring industrial condition, giving an upward
recognized by the next State Convention, while in
and more buoyant tendency to the security market.
Much the same conditions were illustrated the next spirit he is hostile to Tammany and its ticket and disday, Wednesday. In the morning the failure and re- posed to harm both at the coming election as far as
B^nk of PittsThis news came early, and as
ceivership of the Federal National
burgh was announced.
a conseqaence of it and of sales by operators here and
through London, with rumors of more bad news to
come, the market opened somewhat ragged. This
condition, however, was very temporary, rapidly re
covering, and notwithstanding there was some reoeeeion later, nearly all prices closed higher than on the
previous day. Ttmrsday offered a further illustration of like character and teaching.
The day opened
with the announcement of a bank failure the Allegheny National Bank, claimed to be in large measure
connected with the disaster to the Federal Bank of
Pittsburgh of the previous day. Added to this were the
announcements of the decisions, one sustaining the
Heinza claim of ownership in the Minnie Healy case
—
he can without discovery. Since the registration was
finished, the outlook in New York and the Bronx has
also been growing day by day more assured. Of course
the votes have not yet been deposited and counted; but
with the spirited way in which the canvass has been
hitherto conducted, continued to the end, there can be
no question as to the result. It is to be remembered that
it is
to the wise
management and
indefatigable perse-
verance of the leaders in the good-government movement, amid quite discouraging developments, especially
In the earlier part of the canvass, that the public will
be indebted for success. They deserve the hearty
co-operation of the bnainess classes. No one who hai
Bear in
a vote should lose it through negligence.
mind that the victory
made possible.
is
not
won
yet;
it
has only been
I
Oct.
Aq
THE CHRONICLE.
24, 1903.]
1257
week above the output on October 1 1902, which wai
President E)08ev6lt to convene Noyember 9, for the 346,048 tons. Whether the depression In the iron
purpose of secnriog Congressional approval of the and steel trades is to go further no one oan say with
commercial treaty between the United States and any positiveness; but most assuredly the present low
Gnba. The Issne of this proclamation had no Icfla level of prices furnishes a better basis for operations
ence on the financial markets; It had been antici- than did the high prices of 1902.
pated, as the President, soon after the adjournment
extra seialoQ of (Joagroas Wt*s oalied Tuoddcty oj
of the previous Congress, expressed
a determination
named. The
to call an extra session at about the date
revision of the currency was at that time
reported to
be one of the objects to be sought. As mention of
currency revision Is not made In the proclamation, It
has been assumed that the President has lost his In.
terest
in
that matter.
Sach an Inference
is
by no
by the omission. We have no doubt
that his interest is as deep as ever, and we feel sure
that his message a month hence will show that hlg
views have not altered materially. A good many
changes in the conditions of business affairs have
developed since the adjournment of the previous
Congress, and It is not impossible, perhaps we might
say not improbable, that they have modified the views
of the President, as they have the views of Senator
means
jastified
Allison and
many
members
other leading
of both
Houses, as to the fitness of the altered surroundings
for a wise consideration of so large and deep a subject
as a new currency device. There are defects, though
those we noted last week, such as the Sub- Treasury
action in locking up surplus revenue, etc., which can
be treated separately, and which if corrected would
There Is good
ground for the hope that defects of that nature wU
secure for the public wide relief.
oe remedied.
We
referred about a year ago to the plans for developing the Buffalo & Susquehanna Railroad Company
into an important bituminous coal-carrying road.
The
annual report of the company issued the present week
throws additional light on ihe matter. At present
the road is mainly a large carrier of lumber in Pennsyivania and in this class of traffic it has been doing a
very profitable business for a good many years. Extensions are now under way carrying the line north
from Wellsvllle, N. Y., to Buffalo, and south from
Sinnemahonlng, Pdk,, to a point ia Jtfferson Oo. about
10 miles beyond Dubois, Pa. The length of road
operated at present is 172 miles. The extension to
Buffalo will add 85 miles, and that to Sinnemahonlng 56 miles, making altogether 312 miles.
It is expected that these extensions will all be completed in
1904.
Some further extensions are also contemplated to reach other coal fields in Armstrong County,
which will raise the total of road to about 350 miles
within the next two years.
The funds for carrying through these plans are be.
log provided by the issue from time to time of 4 per
cent preferred stock of the Buffalo & Susquehanna
Railroad Company and first mortgage 4^ per cent
bonds of the Buffalo & Susquehanna Riilway Company. The Buffalo & Susquehanna Railroad holds the
whole of the capital stock of the Buffalo & Susquehanna Coal & Coke Company, which at the
There have been further reductions in the price of
Iron, both in the Northern and thelSonthern markets, close
lands estimatof the fiscal year owned
the disruption of the Southern Producers' Association ed to contain
not less than 65 million
tons
having no doubt contributed tj the decline. The of bituminous coal.
The report tells us that
market for the time being is without question decid- it is expected that by the time the Buffalo &
edly unsettled, but too much significance can easily Sasquehanna Eiilway is opened into Buffalo, the anbe attached to the present situation.
Owing to the nual output of the Buffalo & Susquehanna Coal &
labor troubles and to the fact that the railroads at the Coke Company will have reached 1,250,000 tons. Bemoment are not able to borrow money for new capital fore that time the Buff:ilo & Sasquehanna Iron Comrequirements, the demand to meet immediate require- pany, we are told, will have completed Its plant at
ments is reduced and orders for the future are also Sykesviile, which will produce a coal and coke tonbeing curtailed. On the other hand the decline in prices nage of about 300,000 tons per annum, these two
should serve to stimulate demand, since iron and steel amounts thus affording an assured annual tonnage for
until quite recently ruled so high as to put a check the system of about 1,550,000 tons of coal and coke,
on some classes of operations. We see a great deal in to which should be added not less than 200,000 tons
the newspapers concerning curtailment of production, per annum of coal and coke shipped by other proIn other words, when the road has been
completed to Buffalo the coal and coke traffic
stocks, though showing some Increase, still remaia at will reach, it is thought, 1,750,000 tons per annum,
comparatively small figures.
The "Iron Age's" the larger part of which will pass over the entire
monthly statement issued last week showed that the length of the main line.
output of pig iron In September (30 days) was 1,599,For the year ending June 30 1903, with only the
703 tons, comparing with 1,614,121 tons in August ordinary trafl&c to rely upon, consisting, as already
(31 days);
1,690.616
tons In July
(31 dajs), stated, mainly of lumber (1,152,906 t ins out of the
1,716,906 tons in June (30 days) and 1,755,966 tons total traffic of 1,339,182 tons consisted of lumber,
but as yet the falling
large proportions,
in
May
months
(31
days).
of
Interval of five
off
In output has not reached
This
is
a
total
for
the
five
tons,
and yet in this
months the addition to furnace stocks
8,277,312
and unsold) has been only 344,106 tons, thus
proving that consumption has remained active. It
should also be noted that according to the "Age's"
figures, the weekly capacity of the furnaces on October
1 was 362,824 tons, which means a material reduction
from the capacity on Jane 1, whan the output was
398,139 tons; but is nevertheless some 17,000 tons per
(sold
ducers.
while at the same time furnace
bark and logs), the Buffalo & Sasquehanna Railroad
had available net Income of $532,794, with fixed charges
Divldends.at the rate of 4 per
of only $147,904.
cent per annum on the preferred stock and of 6
per cent on the common stock called for $246,883,
leaving a surplus of $138,006. The accumulated
credit to profit
and
loss,
operation since date of
June 30 1903
preferred
to
stock
representing net surplus from
organization,
1516,276.
was
Two
disposed
amounted on
million dollars of
of
during
the
THE CHRONICLE.
V2oS
year,
Talsing
000, but.
ury.
still
The
the
amount oatBtanding
to $3,000,-
leaving $1,000,000 unsold In the treas-
proceeds
stock
thus
of
the
$3,000,000
of
ample
[Vol. lxxvii.
assets to
pay
its
depositors in full
and
it
will
voluntarily liquidate.
pre-
far
iesned
have been used
ferred
Investments
the
extent
In
of
to
$1,975,000
made in the Buffalo & Susquehanna Goal & Ooke
Company and in advances for the new lines being
built.
The other $1,026,000 of the proceeds still remain available, $935,000 being loaned at interest and
$90,000 being represented by cash on hand. Evidently the future presents Important possibilities to
The statement
last
week showed
of the
New York
Associated Banks
a net loss in cash of $604,800.
The
required
reserve was, however, reduced $1,460,925
through a decrease of $5,843,700 in deposits, resulting
In an increase of $866,125 in surplus reserve, to $17,-
433,260.
Computed upon the
basis
of deposits, less
those of $37,237,900 of public funds, the surplus
$26,742,726.
The
loans decreased $4,836,000.
is
The
bank statement of this week will cover the transfer hence
the road.
There was no change in official rates of discount by
any of the Earopean banks this week and unofficial
or open market rates were, compared with last week,
slightly easier at London and firmer at Paris and
Among the disturbing events of the week
Berlin.
were the suspensions on Monday of the Maryland
Trust Co. of Baltimore, capital $2,125,000 and surplus $2,437,500, and of the Union Trust Company of
that city, capital $1,000,000 and surplus $260,000.
The failure of the former, as stated by the receiver,
was due to the investment of Its assets in Mexican
Eailway securities, which could not be marketed, while
the suspension of the Union Trust Company was directly caused by a run upon the concern's banking
department. These suspensions had an unsettling ef-
when the excitement subsided and it was expected that the Union
Trust Company would speedily resume. Bank and
trust company interests in that city are reported to
have obtained about $2,000,000 from New York on
Monday and Tuesday with a view to be prepared for
any emergencies; $800,000 of this sum was transferred
On Wednesday the
through the Sub-Treasury.
Federal National Bank of Pittsburgh, Pa., capital
fect inBiltlmore until the following day,
through the Sub-Treasury of $800,000 to Baltimore
and of $1,225,000 to New Orleans, besides the other
interior movements.
The transfers through this
office to New Orleans since they began on August 15
have thus far[amounted to $6,606,000, against $6,216,000 to the same time in 1902 and $5,335,000 in 1901.
The redemptions of United States 6 per cent bonds
since September 23 have been $8,860,400 and the
exchanges of refundable bonds for the 2 per cent
consols have now reached a total of $7,082,300.
Money on
call,
representing bankers' balances, has
loaned on the Stock Exchange during the week at 2f
per cent and at If per cent, averaging 2^ per cent.
Banks and trust companies have loaned at 2^ per
On Monday losCns on the Excent as the minimum.
change were at 2^ per cent and at If per cent, with
the bulk of the business at 2 per cent.
On Tuesday
the tone was a shade firmer, in consequence of the
troubles at Baltimore, and transactions were at 2|
per cent and at 2 per cent, with the majority at 2i per
On Wednesday loans were at 2^ per cent and
cent.
bulk of the business at 2:^ per
On Thursday transactions were at 2^ per
cent.
cent and at If per cent, with the majority at
2i per cent. On Friday, loans were at 2^ per cent
$2,000,000 and surplus $580,669, closed its doors as
and at 2:^ per cent, with the bulk of the business at 2^
the result, as stated by the President, of disquieting
Time contracts were a little easier
per cent.
though baseless rumors, accompanied by a sharp deweek, though the recession in rates was
this
cline in the market value of the stock of the bank,
only fractional and not much business was rewhich caused a withdrawal of deposits. It is reported
ported.
It is said that loans for six months, and
that the bank paid as high as 4 per cent per annum
in
some cases for longer periods, have been
upon eome of its deposits and that because of this
privately effected by individual bankers and syndicates
policy the Pittsburgh Clearing House Association dewho have recently liquidated contracts made in
clined to assist the bank in its emergency. The PresiEurope with the object of replacing them here; these
dent of the Federal Bank stated that ''when all other
loans are reported to have been negotiated at 6@5|.
efforts failed to stem the tide, they sought the financial
per cent. The quotation for contracts on good mixed
help of the committee of Associated Banks of PittsStock Exchange collateral is 4f @5 per cent for all
burgh, and received most courteous and kindly
periods from three to six months, and some loans for
sympathy and advice.'' The local banks of that
the longer date on choice security have been placed
city, on the announcement of the failure of the
The local offerings of time money are
at 4^ per cent.
Federal Bank, took steps to form a pool to be used in
chiefly by institutions other than banks; it is reported,
casejOf emergency and between $2,000,000 and $3,000,on good authority, that Chicago banks have been
000 was subscribed; the Pittsburgh Stock Exchange
placing moderately large amounts on collateral in
directed the temporary suspension of trading in bank
this market. Commercial paper is a little more active,
It is
stocks with a view of allaying excitement.
though the buying is principally confined to Eastern
reported that the reason assigned by the Pittsburgh
institutions, and very few local banks are in the
Clearing-House for withholding financial aid was that
market. Rates are 5i^@5f per cent for sixty to ninetythe securities offered by the Federal Bank consisted
day endorsed bills receivable; 6i per cent for prime
chiefly of stocks of various banks throughout the
and 6@6i per cent for good four to six month's single
The Federal has recently, it is said, been buyState.
names.
ing a number of small banks, and it was believed to
The Bank of England minimum rate of discount
have become overloaded with such securities. On
The cable reports
Thursday the First National Bank of Allegheny, Pa., remains unchanged at 4 per cent.
capital $350,000 and surplus $100,000, closed its discounts of sixty to ninety day bank bills in London
The open market rate at Paris is
doors in consequence, it is said, of the failure of the 3f per cent.
Federal Bank of Pittsburgh, with which it was sup- 2^ per cent, and at Berlin and Frankfort it is 3f per
at 2 per cent, with the
'
posed to be connected; the bank
is
reported to have
cent.
According to our special cable from London,
.
..
Oct.
the
THE CHRONICLE.
24, 1903.J
Bauk
the cloie of the
the week and held £32,626,370
week. Our correspondent further advises us that the
at
gain was due to receipts of £237,000, all bought In the
open market, to exports of £660,000, of which £600,000 to Egypt, £50,000 to Java and £10,000 to other
countries,
and
to receipts of £679,000 net
from the
in>
terior of Great Britian.
The
demand
remit for maturing loans and
enced by a
The
also for securities sold for European account.
selling through the arbitrage houses early in the week
was large, influenced by disquieting reports in Lon
situation in Baltimore,
covering of short contracts because of the failure to
bills.
Some bank-
obtain expected supplies of cotton
ers report the receipt of fairly large
amounts
others claim that the supply
of these
unusually small, and that those which are coming forward
are deliveries on old contracts.
It is regarded as
probable that by the close of the month the supply
will increase, as brokers are offering bills deliverable
at that time and also early in November.
The Assay
Office paid $946,640 63 for domestic bullion. Gold re.
drafts, while
following gives the week's movemenc of money
Interior by the New York banks.
and from the
Weth ending October
23, 1608.
RMeived by Shipped fry
N. T. Banks. If.r.Bankt.
GaTTeaoj
Gold...
$3,376,000
...
Total gold and legal tenders.
Net Interior
Movement.
1,148,000
$8,603,000
l.SOi.OOO
Logs. 15,289,000
Loss.
163,000
14,681,000
•9,907,000
Loaa.
With the Sub-Treasury operations the
Week eiKHna October
23, 1003.
to
and Americans were -again freely sold later in the week, owing
to the depressed condition of the market at the British capital caused by the Far Eastern outlook, and
owing also to the troubles at Pittsburg. It was said
that part of the demand for exchange was due to the
don concerning the
to
5,386,000
result
is
aa
follow!.
foreign exchange market has been firm, influ-
ceived at the
The
BoglaDd guined £i6&,A62 bullion during
of
1259
is
Custom House during the week, 138,347.
Banks Interior movement, aa above
Sub-Treasory operations
Total gold and legal tenders.
Into
Out of
Ifet
Banks.
Banks.
Bank
$9,907,000
Ct,621,000
23,460,000
83,200,000
$27,971,000
$83,107,000
The
following table indicates the
European banks.
the
principal
in
Holdings.
Loss. $6,386,000
Qain.
260,000
Loss.
amount
6,136,000
of bullion
October 23, 1902.
October 22, 1908.
Bank
Ohanoe im
of
Gold.
Bngland
rranoe
Germany
....
Russia
Aas.-Hung'y
lotal.
Silver.
Gold.
Silver.
S,
&
£
3t
32,628,270
38,826,270
34,066,6^5
JotaX.
A
S4,05'),685
97,098,492 44,817,799 141,416,291 101,864,4( 8 44,876,562 146,240,960
34,403,000 12,088,000 46,491,000 32,902,0(0 12,169,000 45,071,000
76,892.000 6,880,000 83.778,000 71,506,000 6,778,000 78,283.000
46,808,000 12,344,000 68,147,000 46,T09,000 12,226,000 67,935,000
Spain
14,520,000 19,244,000
33, ; 64,000
Italy
80,312,000
2,809.200
22,711,300
.
4,036,400
6,321,700
10,378.100
4,690,800
6,444,700
11,134,900
.
3,108,000
1,654,000
4,662,000
3,189,333
1,669,667
4,700,000
Netherlands
Nat.Belg'm
14,302,000 19,419,000
16,208,000 2,045,200
33.751,000
18,S 53,200
Tot-thls week 398,819,162 106148699 433,967,861 324,376,626 105058119 429,434,745
Tot, prev. w'fe 330,268 869 106661133 435,920,002 323,037,452 104401471 427,438,928
THE COMING MUNICIPAL ELECTION,
The pending municipal
than local In importance,
contest here, while
is
more
only local in the ques-
Nominal quotations for sterling exchange are 4 83 tions involved; while "political" in the etymological
for sixty day and 4 86^ @ 4 87 for sight.
Bates for sense of the word, it has nothing to do with
"poliactual business on Monday were 6 points lower for
tics" in the common meaning.
The success of one
long and short compared with those at the close on
or the other party in 1904 may seem of vital conse-
Friday of last week, at 4 8236 @4 8250 for the former quence to the welfare
of the country, according as
and 4 8650@4 8660 for the latter; cables were off 10 each man believes in one or the other and in
what it
points to 4 86@4 8610.
On Tuesday the market was stands for; but the Presidential election is in no way
firm at an advance of 5 points for long and cables, to
or degree dependent upon this one.
4 8240@4 8260 for the former and to 4 8605@4 8616
New York has long been a "doubtful" State; the
for the latter, while short was 10 points higher at
city does not always go with the State in general cam4 8560(^4 8670. On "Wednesday the tone was strong,
paigns; the faction which is trying to regain control
with a good demand for remittance, and long rose 10 of the city has never represented, and
of late years
points to 4 8260@4 8260, short 5 points to 4 8566®
has even burdened, the party to which it nominally
4 8675, and cables 10 points to 4 8610@4 8625. The belongs; and the questions involved
in national polimarket was strong again on Thursday, when short and cies have no concern with municipal
affairs.
Whatcables advanced 10 points to 4 8575^4 8586 for the
ever views a municipal officer holds upon those poliformer and to 4 8620@4 8630 for the latter; long was cies, he has no opportunity to influence
them officially*
unchanged. The tone was easier on Friday at a decllDe The views of the Mayor of New York
about the tariff,
of 10 points for long and of 6 points for short.
The for example, are of no more public consequence than
following shows daily posted rates for sterling exthe views of his coachman about theology; hence
change by some of the leading drawers.
when the people elect a Mayor they no more express
mi.,
Oct. 16.
MON.,
Ttna,.
WHD..
Oct. 19.
OcU
Oct. Zl.
20.
83
4 83
83
88
SlKkt
) eo dara
MagouiJkCo.. ) Sight.
Bank BrlUik
(60 days
No. Amerioa., iSlBht..
Bank of
(00 days
4g8K
8fl«
86J^
mi
4 83
4 86«
83
83
86Ji
488
4 86H
83
4 83
Montreal
I Sight..
Canadian Bank (60 days
4g6^
BrowBBroi..... (60 days
X
Bftiing,
of Commerce.
I
Sight..
Heldelbaoh. lok (SOdars
•Ikelmer A Co. < eight..
Laiard Frerei (60 dart
.
{Sight..
TmuB.,
Oct. 22.
88
FBI..
Oct. 23.
83
86}<
86«
88
83
83
8e«
86«
86M
8a«
83
88
88
83
86X
8e«
86^
86)^
88
83
88
68
83
88«
86«
8d«
86^
86«
4 83
4 86«
83
88
88
88
83
86^
86«
e6«
S9H
8««
4 83
4 86^
83
83
88
83
483
88
83
86>a
88
83
83
83
86M
86M
£6X
86^
83
87
88
87
83
87
83
87
*86Ji
MerekanU' Bk. (60 dart 483
of Canada
(Sight.. 4 87
86«
86H
sen
8fl«
88
87
themselves on outside public questions than he expresses himself about dogmas when he chooses a
coachman.
Any attempt to attach a party name to the campaign
or invoke a party feeling is therefore an attempt to
becloud an issue which is perfectly sharp and clear,
and ought to remain so. Fortunately, the separation
of municipal from national and State affairs has now
become quite disdnct by having local elections come
in the "odd" years; otherwise, the issues in the broad
Bnt
field would dwarf the local ones in men's minds.
The market closed at 4 8240@4 8250 for long,
since it is not essential to the success of either party
4 8570@4 8580 for short and 4 8620@4 8630 for cables.
in 1904 that it should carry, or seem to carry, Greater
Commercial on banks 4 8215@4 8225 and documents
New York in 1903, the voters are able to view the
for
payment 4 81f @4
82|.
Cotton for payment 4 81|
subject upon its merits and have no excuse (except
8225 and grain the probably diminishing force of habit) for doing
®4 81i, cotton for acceptance 4 8215@4
for
payment 4 82^@4 82f
otherwise.
a;
THE CHRONICLE.
1260
GoyeraiDg
matter of trnsteeshlp, and
the people are now to select trustees for the next two
The sole question Is whether administration Is
years.
treated
be
as a public trustor as a private opportuto
nity; whether It Is to be business or spoliation. To say
that the administration of great cities tends toward
the hands of the professional manipulators who make
offices the spoils of war, and that to prevent the monstrosity of having the worse Instead of the better ele
ments get and hold control requires a positive struggle,
is only to say what painful experience has shown.
The
system of plunder which was temporarily broken
about thirty years ago has merely changed Its meth.
ods.
It
cares
nothing about national affairs
It merely wants to handle the revenues of this city,
that It may fatten upon them.
This governing
scheme develops naturally and with a determinedly
this city Is a
[Vol. Lxxvii.
Time must be granted,
for some things could hardly
have been more than begun as yet ; still, there have
been beginnings, there have been accomplishments, and
in the rext two years these will be developed further.
More than all, nobody ventures to seriously deny that
the spirit of the Administration has been a public
one.
The systems of "graft" have been shattered.
No private fortune has been accumulated or improp-
Not
erly advanced.
which was expected or hoped
perhaps less has been done than could
have been justly expected; but it is easy to pardon
errors of judgment, and even some shortcomings in
performance, when integrity and good intent are so
has been done
all
—
In every contest at the polls the "out's' arraign the "ins," but it is sometimes doubtful whether
clear.
a change will
new
set
come
who may
to
be as
more than putting in power a
bad as the old. Here, how-
some man who Is ever, the line is sharply drawn. It Is between a city
" for my own pocket all the time " and gathers a for- honestly governed and a "wide-open" city, where both
tune frcm Invisible though not mysterious sources; justice and law-breaking practices have their scale of
it has as many roots and twigs as a banyan, and it re- prices.
sembles that In reproductive capacity. It parcels out
In 1897 the reform forces had a plurality except in
offices, levies tribute upon every public expenditure,
Manhattan, but failed by being divided; in 1901 they
and makes private arrangements with vice, because it carried all boroughs except Qaeens (which was lost
controls affairs for what there is " in " them.
The by only 661), and the total plurality rose from 19,406
persistent vitality.
At the head
Is
development of such a machinery
is
so irresistibly
to 31,486.
The
increase in registration and the dis-
natural that remonstrance and merely passive indig- tribution of this increase are taken as indicating a
nation are useless. The human bramble is always larger plurality now; and certainly it should prove so;
eager to rule, for ruling is the occupation by which it good government has the advantage of position, the
have only to be absorbed in the busi- great public works now under way throw a heavier
ness of growing and permit it.
The bramble will do responsibility upon the voters, and there is no apparthe rest.
ent reason for any falling-off in the combined vote.
Now, when a reform administration comes in the On the other hand public feeling has not been and
condition which it finds and the laws of its own na- cannot be so deeply stirred about police corruption as
ture compel it to immediately begin to make things it was when that corruption was present and fresh;
better.
The last one before consolidation did this, the larger spoils^now at stake may make the struggle
for example, in the street cleaning, which was such a fiercer; and experience shows that reform Is subject
marvel, although the advance was lost again by the to spasmodic action. Hence it is conceivable that
unhappy division of the reform forces in 1897; and good government may find another reverse through
lives; the trees
now
the last 22 months have been proving that the dif
ference Is not one of politics but of policy and charac
lapse of individual
occurs, the city
sense of responsibility.
must
suffer for a term,
If this
and learn
In their nature and loation the public betterments from its suffering; but the fight for better things
are largely such as come before the eyes of the tenemen t must go on.
Submission would be intolerable and
class.
We may justly say that improyements in discouragement must not be permitted.
ter.
public health, suppression of what i
" Red Light," and other reforms which im.
streets, parks,
known
as
THE ALASKA BOUNDARY
DECISION,
mediately affect the poorer classes, are the reforms
most needed; but If this were only a piece of political
Decision, by the internabional tribunal sitting at
management. It would be very shrewd, for it sets an London, in the second great boundary dispute beobject-lesson before the largest mass of voters which tween England and this country since the conclusion
shows to them that the difference between government of the Kevolutionary War, is an event of much more
for the people and government for loot is very real. The than ordinary interest. It is such, both as a landmark
significant and encouraging fact, therefore, is that In diplomacy and as an episode in the relations bethis difference
In acts of commission as well as of tween Great Britain and her colonies, the two aspects
omission comes home so tellingly. It is one which being distinct and equally notable. In its resem-
—
men can
—
see; they
need not wait for newspapers and
speakers to point it out.
Saying this is not saying that the present adminisSome fault-finding beset Mr.
tration has been ideal.
Low
almost immediately, as though he was expected
to undo in four months the bad work of four years
but what has been accomplished must be measured
against what required to be.
An Augean
—
stable
—
blances the Alaska boundary decision Is less a remiader of the Oregon boundary decision of 1846 than
in its contrasts.
were subjects of warm
feeling among the citizens of the two contiguous
countries; both were based on diametrically opposite
interpretation of law and facts, and both were complicated and confufed by the obscurity of the original
documents on which the rival claims were based.
But the contest of 1903 has been as conspicuous for
its eelf- restraint and national dignity as that of 1846
was for the lack of them. The Oregon dispute was
Both controversies,
it is
true,
mutinous crew deserting a scuttled ship such figures,
if one should use figures, would hardly be extravagant
We need not
to represent the conditions he found.
Is
some
matter for
go into details, for even if there
criticism it is palpably before every man's observation distinguished by such incidents as a needlessly belllg
that there has been improvement in every department. erent resolution In the House of Eepresentatlves, an
Oct.
THE CHRONICLE.
24, 1903.]
eqaally anpeiflaona hint at war In the Prealdeni's
message, an unwise bit of oynlcism in a British
commanlcatlon, and aa outburst
jingo" feeling in the famoui watchword of
of
"Flfty-fonr-forty or fight." In each of theae sucEnvoy's
official
**
phases
cessive
the
episode
bore
in
anticipation
a curiously close resemblance to the Venezaelan outLike that Incident;, also, it
burst of December 1896.
an abandonment of pretensions by both sides.
We did not get latitude 64-40 as the northern boundWhen hot temary of Oregon and we did not fight.
per had sufficiently exhausted Itself In the explosion
of political oratory, cool common-sense again obtained
accepted 49 degrees laticontrol; both countries
tude as tha controverted boundary, and without so
much as submission to arbitration, the Envoys of both
powers agreed on that, and on a further concession
whereby, through a dip to the southward at the west
end of the line, England retained the whole of Van-
ended
in
couver's Island.
Nothing could contrast more strongly with the political fulminations of hfty-elght years ago than the
calm and deliberate statesmanship with which the
Alaskan boundary dispute has been adjusted, and yet,
on the other hand, contrast la equally impressive between the mutual satisfaction with which the matter
was settled in 1846 and the bitter resentment with
which the Canadian delegates to the tribunal have received the award of 1903. For this, however, there
is
a ready explan<ition.
The Alaska
dispute was highly complicated.
itsyarlons technicalities
we
the salient facts are these:
shall not
Into
attempt to go, but
England and Russia con-
cluded in 1826 a treaty for the delimitation of ownership on the West Canadian coast. The only Important
rights at issue were the privileges of two rival far-trading companies; future advantages of commerce on a
larger scale were probably never dreamed of. All that
the Russian negotiators stood for was the maintenance,
as far south as their title warranted, of the exclusive
right to the strip along the sei coast.
To Rassia the
possession of this coast was indispensable for the continance of its fur trade; to England and the Hudson's
Bay Company, which reached its market overland,
coast privileges were a matter of indifference. There
reason to suspect that recognition of this basis
for the negotiation played a part in this week's de-
is
cision.
need not be pointed out to what extent the value
of the title has altered during the seventy- eight intervening years.
The right of Russia, however, and of
the United States under the Rasslan cession of 1867,
to the narrow strip of coast running from Alaska
southward to a point some 600 miles short of our
northern boundary, has all along been conceded.
Where controversy really converged was on a very
It
different question
— did
land from the water
the ten-league privilege In.
mean
that the eastern boundary
must be that far distant from the ocean, or from the
ocean and its navigable Inlets. On this point the
126J
and American members of the tribunal formed to adjudicate the claim took exactly opposing sides on the
Decision, and in fact avoidance of a
contention.
daadlook, vested In the hands of Lord Chief Justice
Alverstone, the English member of the three commls.
sloners chosen on behalf of Canada, and it is his finding for the American contention which has settled
the long dispute in favor of this country. So far as
can be judged from the dispatches, the somewhat unexpected finding by this eminent British jurist la
based on conviction as to what, even if not formally
expressed, the purposes of the negotiators of 1826
actually
were.
In
his
note
on
the award,
he
says:
After a most careful examination I am unable to
any passage in the negotiations connected with
the Treaty of 1826 which supports the view that Great
Britain was directly or indirectly putting forward a
claim to the shores or ports at the heads of the Infind
lets.
The
American negotiators
unquestionably great; the finding gives this country practically complete control over the ocean approaches to
the Klondike. That the Canadian commissioners
should feel aggrieved is natural under the circumstances especially as Lord Alverstone had been considered as one of their own delegates.
But, on the
other hand, the very fact that the most eminent legal
authority in the tribunal's membership, whose natural
prejudice would confessedly have caused him to lean
to the British contention in the agument, should
have found against his fellow-countrymen on the facts
and precedents submitted, is the strongest imaginable
witness to the justice of the decision.
It is scarcely
possible to doubt that, when the first feeling of
chagrin and disappointment has spent itself, the Canvictory for the
is
—
adians will recognlza the truth of this conclusion.
CHICAGO BURLINGTON <& QUINCTS
SPLENDID RECORD.
The
ton
&
present annual report of the Chicago BurlingQaincy Railroad Company impresses one more
than ever with the wonderful earning capacity of the
property.
The road is one of the three great systems
controlled by the Northern Securities Company,
namely the Great Northern Railway, the Northern
Pacific Rdlway and the Chicago
Burlington &
Qaincy. We reviewed last week the report of the
Northern Pacific and the week before the report of
the Great Northern.
The showing made by the
Burlington & Qaincy is fully as noteworthy as, and in
some respects more noteworthy than, that of either of
the other two companies.
During the twelve months ending June 30 1903 the
Northern Pacific added $4,764,726 to its gross earnings and $2,011,046 to its net earnings, and the Great
Northern added $4,763,390 to gross and $2,666,727 to
net.
The Burlington & Qaincy has added no less
than $8,843,133 to gross and $3,983,636 to net. Thus
the
Qiincy gained in this period of twelve
months almost as much as the other two systems
combined. Perhaps this Is not surprising, as the
Qaincy is the largest corn-carrying road in the
country, and in 1902-03 it got the benefit of a large
corn movement out of the excellent corn yield of
Anglo-Rassian convention of 1826 was utterly obscure;
the answer had to be sought through a study of the
actual purposes of the original negotiators.
Its importance may be briefly shown by saying that in it
was involved possession of the port of Skagway, the
gateway to the gold-fields, whlch.was Canadian if the
ten-league meaiurement was to be made invariably the season of 1902, while in 1901-02 it suffered from
from the ocean, and American if the measurement mere- the exceptionally deficient corn yield of the season of
ly started from salt water. Very naturally, the Canadian 1901.
It must not be supposed, however, that in
—
THE CHRONICLE
l'26'2
I
Vol. lxxvii.
by no means be lost sight of. We have seen that
in the late year, with 98,843,133 increase in gross
In
gross
there
contrary,
the
present
gain of 98,843,133
was 93,983,636 increase in net. This left an
the
and 93,983,536 in net comes on top of a gain of augmentation of $4,859,697 in expenses. It will be
93,743,266 in gross and 93,129,289 in net the preyions admitted that this is a very substantial addition to
the expense accounts. Looking now at the cost of
year.
The improyed result disclosed on the Burlington & conducting transportation, we find that notwithstandQuincy the last two years possesses special significance ing the higher wages which had to be paid and the in1901-02 there had been a falling oS In earnlogs, either
On
gross or net, as a result of the corn crop failure.
in Tiew of the adverse criticisms passed
upon the
quisition of the system in the joint interest of
ac-
the
creased cost of fuel, material and supplies, expenses
on transportation account increased only 9638,177.
In other words, the company moved 929 million more
tons of freight one mile and 78 million more passengers one mile with an addition to transportation cost
of only 9638,177 (out of the total increase in expenses
of 94,859,697).
Proceeding a step further to see how
this economical result was reached, it is found
that with 13 per cent increase in the passengermovement one mile and over 23 per cent in tho freight
reported at the time of the purchase the operation movement one mile, the miles run by freight trains
did suggest the possibility of loss.^ But the report for was increased less than li per cent, the total freight
1901- 02, when it came out, tended to relieve appre- train mileage in 1902 03 having been 18,646,775
hensions on that'score, and the present report serves miles, against 18,324,905 miles in 1901-02. In the
previoni year the showing in that regard had been
still more emphatically to demonstrate that the investment, instead of turning out unprofitable, is even more striking, for then the company moved 742
proving decidedly profitable. For 1901-02 a surplus of million more tons of freight one mile with an actual
91,263,389 was shown above the4,per cent interest called decrease of over 4 per cent in the miles run by freight
Northern Pacific and the Great Northern companies
at the time it was made.
It will be remembered that
9200 in joint collateral 4 per cent bonds was given for
every 9100 of stock in the Burlington & Qalncy Bailroad Company. The critlc8]ref erred to claimed that the
price paid was too high and that the venture would
prove a losing one. This view found apparent support
in the circumstance that on the basis of the earnings
for on the bonds Issued In exchange for the stock ac
.
trains.
methods of economy and efficiency in 'I
operations have been introduced Hill methods we
suppose they would be called which have yielded^ j
4 per cent bonds reaches almost four and a-half very profitable results. The Urge amounts spent on
million dollars 94,491,638. It is proper to say, too, maintenance account show very clearly that the relathat this surplus of 94,491,538 on the operations of tively great proportion of the gain in gross saved for
the twelve months remains after the usual heavy the net is due alone to the circumstance mentioned
charges on sinking fund account, which charges have that no less is now being spent upon the property for
been a feature in Burlington & Qalncy affairs for renewal and repair than before.
It should be stated also that rates have not been inyears; 9721,758 was paid directly from earnings durcreased
at all rather the reverse.
For 1902-03 the
ing 1902-03 into the sinking funds, and the increment of the securities in the funds added 9623,677 company obtained an average of 8 '68 mills per ton
more, making a total payment on sinking fund per mile, as against 896 mills in 1901-02, while the
passenger rates averaged 2*08 cents per passenger per
account during the twelve months of 91,345,435.
How have these satisfactory results been brought mile, against 2*12 cents.
The company's expenditures for new construction
about ? Business prosperity has of course played its
part in the improvement, and so have good crops. and equipment charged to capital account amounted
But over and above all this there was one other cir altogether during the late twelve months to nearly
quired; and this,
general crop
shortage. For the twelve months of 1902-03 the surplus above the Interest requirements on the collateral
too,
in a year of
In
brief,
—
—
—
—
cumstance contributing to the same end.
It will be
eight million dollars— 97,920,329.
The net
increase in
debt during the twelve months was only 93,Hill stated that one 978,600, and 93,242,000 of this represented bonds isof its objacts was to find a market for Pacific sued to pay for the acquisition of the Quincy Bailroad
Coast lumber in the territory of the Qalncy. Bridge Company, which had previously been operated
There are no traffic data in the report that enable by the company under a lease requiring an annual
one to test the correctness of this view, but the North- payment as rental of 10 per cent on the capital stock
ern Pacific report, as we saw last week, furnishes some of the Bridge Company. The bonds issued for this-
when the purchase
Quincy was made, Mr. James J.
recalled that
of the Burlington
& funded
purpose were 3^ per cents. The company had 921,699,200 of consolidated mortgage 7 per cent bonds
maturing July 1 1903, and these have been extended
for two years at an interest rate of only 4 per cent.
The total amount at the credit of the company's sink1,396,693 tons over the year preceding, 859,915 tons ing funds on June 30 1903 was no less than 921,697,725.
of the amount being in shipments eaatbound.
The Qaincy's tonnage movement one mile of all
kinds of freight in 1902-03 increased almost a thouST. LOUIS
REPORT.
sand million tons (929,553,769 tons), and in 190102
there had been an increase of 742,643,188 ton miles
Louis
Southwestern
Bailway is one of the
The S^.
over 1900-01. At the same time the passenger traffic smaller Gould roads in the Southwest which is giving
was also greatly extended, showing general develop- a pretty good account of itself. For 1902-03 neither
which would appear to afford abundant justi
fication for the contention that Mr. Hiirs expectations
had been realized. In this we refer to the fact that
the Northern Pacific in 1902-03 increased its ship
ments of lumber and forest products no less than
statistics
SOUTHWESTERN RAILWAY
ment and expansion in all directions.
the gross nor the net differs greatly from the amounts
As far as the net is concerned, there has been a far- in the year preceding, the comparison in the case of
ther element in the improvement, and this should the gross being 97,278, 575^ against 97,267,260 and in
Oct.
THE CHRONICLE.
24, 1903.]
the case of the net $2,022,411 against 12,094,193. As
a matter of fact, as far as the gross Is concerned there
is very little change even as compared with two years
ago, the amount then having been 17,387,174.
1203
that the
be seen
appropriations
have
been
on
a
liberal scale.
What
is
of equal Importance
is
that these outlays
have borne fruit In increased operating efficiency,
thus justifying the expenditures. The improvements
Bat to have done
really a good showing, considering the conditions made have consisted in the reduction and adjustment
which have existed in the territory tributary to of grades, the replacing of light rail with heavier rail
the road. The report refers to the heavy rains and the acquirement of modern and more powerful
as well as in these earlier years is
which prevailed continuously from November 1902
to the last of April 1903 throughout the entire
Referterritory traversed by the lines of the system.
shortage
brought
the
car
about
made
to
ence is also
by the inability to secure the return of the road's
equipment or to secure that of Its connections for
loading and to the embargoes placed upon Its traffic by
the congestion on connecting roads.
In addition, however, the unsatisfactory agricultural results in 1902 in the road's territory must not be
overlooked. The grain harvests last season in Texas
and freight cars of greater capacity.
Through these Improvements the company was able to
move 502 million tons of freight one mile in 1902-03 with
a freight-train mileage of 1,995,193 miles, where In
1894-95, with only 309 millions tons of freight one
locomotives,
mile, the freight trains ran 1,940,257 miles.
In other
words, the average train-load of revenue freight has
been raised in these eight years from 159 tons to 261
Including company freight the load in the late
tons.
Moreover, it may be pointed out
that on the St. Louis^Southwestern proper (that is exclusive of the St. Louis Southwestern Railway of
Texas) the train-load (Including company material)
in the late year was 384 tons.
On the other hand,
the average for the Texas lines, where but little work
in the way of grade adjustments has as yet been done,
the average was no more than 167 tons. The contrast here made shows the advantages which work of
year was 281 tons.
and the yield of cotton was by no means
up to the average, though we see that the road actually carried somewhat more cotton than in the year
preceding, the comparison being 168,852 tons, against
149,989 tons. la 190001, however, the cotton traffic
had aggregated 195,536 tons. Much the same kind
of a contrast is found in the movement of cottonseed products, the tonnage of which in 1902 03 was the character indicated brings.
were
deficient,
166,725,
against
127,740
in
but
1901-02,
against
165,816 tons in 1900-01.
These circumstances and conditions prevented that
growth in tonnage and revenues which otherwise would
have been certain to occur.
the late year and compare
Nevertheless,
if
we take
with one of the earlier
years, say 1896-97, we find very decided evidences of
expansion in revenues. The total of the gross now at
$7,278,675 compares with but $4,743,546 in the earlier
year mentioned, and the net at $2,022,411 compares
with only $887,658.
A distinctive feature of the management of the
road in recent years has been the large amounts spent
for Improvements and additions and paid for either
directly or indirectly out of earnings.
The policy in
that regard, indeed, has been much like that of the
For the year
larger and more prosperous systems.
under review the company earned a surplus above all
fixed charges and also above the interest on the second
it
mortgage Income bond certificates in amount of
$564,375.
Of this sum $544,765 was appropriated by
the board of directors for additional property and improvements to road and equipment.
A table is incorporated in the report which serves to
direct attention to the extent of
these
outlays in re
cent years for betterments and additions.
appears
It
that from the date of organization on
June
June 30 1903 $1,956,076 was spent
for betterments
1
RAILROAD NET EARNINGS FOR AUGUST.
That increasing expenses are still a prominent feature in the operations of United States railroads Is evident from the compilations we present below for the
month of August. Taking the roadi as a whole the
gains in gross are
now
that they considerably
fortunately of such magnitude
more than
the additions
to the expense accounts through higher wages and
offset
the enhanced cost of materials, supplies, &c. This,
however, should not close the eyes of any one to the
fact that expenses have r«t yet stopped rising, but
keep advancing the same as in the past.
Oar table shows $15,783,293 expansion in gross
receipts on the roads reporting, attended by an augmentation of $10,248,448 in expenses, leaving $5,534,845 gain in net. But these totals Include the results
on the anthracite coal group, which for a special
reason (the coal miners' strike of the previous year) records exceptional gains in both gross and net $3,406,-
—
896 in the gross with $2,740,227 in the net. Eliminating this group, the resalt would be $12,376,397 improvement in gross, with only $2,794,618 Improvement
in net,
which gives a better idea of the extent to which
expenses are
still
increasing.
189L to
and charged against income through operating expenses; $1,963,503 was spent for betterments and
charged against income account direct; $1,780,078
was spent
In
payments for
new equipment,
and
other ways, giv$98,137 was
spent in
ing a grand total of $5,797,794, from which,
January
August.
1903.
Increase.
1908.
%
1
121,050,789 I05,!67,4t6
Orosg eam's
0p«r.exp... 79,768,420
Net earn's
4l,282,3l&
69,519,972
35,747,474
1 to
Aug.
31.
(104 roods.)
(114 roads.)
1903.
1902.
iTureaae.
t
<
%
1
15,788.293 n4,778.12'' 673,?53,28e 101,524.888
10,248,44t! 530,S77,685 459 613,51:5 71,234,080
6,684,84 f 313,900,57:^ 8l3.6i>9,761
30,890,808
It should further be borne in mind that in the prehowever, should be deducted $1,250,597, the proceeds vious year the augmentation in expenses was already
of the sale of $2,000,000 second mortgage income bond of such magnitude as to attract wide attention.
Our
certificates, which amount was credited to income figures for August then showed $5,126,938 addition to
account, leaving $4,547,197 as the sum actually ex- expenses, with only $3,279,201 gain in gross, leaving
pended from current income for the accounts named an actual loss
from June 1 1901 to Jane 30 1903. Bearing in repetition of
mind
ing
that this
less
is
sum of $1,847,737. The
present year thus bethe
this feature
comes a fact of additional significance. In the fol-
the result for a system embracmiles of road, it can readily foUowlng
than 1,300
in net
in the
we show the August
totals
back to 1893.
.
4
.
THE CHRONICLE.
1264
&rom Baminti.
r«ar *,
Ttar
r«ar
Wven.
i>r«c«(l(ii«.
Tetxr
Tear
6ir«n.
Pruetling.
[ncrean
or
Decrtatt.
•98(114)'
B1.780.S84
C0.71S.91&
M,*: 90,10
S4.S94,S'a
-7.932,881
17.007.826
80.96S.3'»»
19.3S448<
19.0t9.9S7
17.844.62S
18.443.7fC
—3,895,R86
•96(1801
&S,ei4,8!sO
62.146.60^
•9«(ia7)
&6.!*19,00l
19.0
3..«9-'
58,«87,815
+ 4.686,451
T7.b40.91.'-
•VOdlS)
•(XKIM)
01(110)
81.»5l.7»f
88,189.^28
86,800.009
P2.0H7,48o
89.191186
—847.221
+4.530,v69
+8,18S.76M
10t),67&.S3«
24.888,620
87.948.601
89,780.96 <
33.816.llf
4 .54S.771
19.692,169
•98(133)
-8,079.-94
+8.1f4,9070,3<4,949 +1,531.904'
70.865.481 +10.967,344
17,41(1.969
•97(1S0>
62.S40,ie7
60.844.7J8
+1,609,052
+666.197
—1.004.439
'0X106)
100.S90.0ai<
101,111,48
•08(111)
iai,060,7!»
105.867,440 +15,783.29.-
•wtisr
Jon.
OHAMOBS IH NET aABNIMOB IN AUGUST.
Inoreaaes.
Increases.
Lehigh Valley RR. J... fl,303.647 Norfolk A Western ....
$56,781
to
1
Aug.
+897,780
+1,468,71?
+6.><70.aw>
j
31.032,360
+6.83'<.710
85,988,409
84.210.061
37,776.148
—1.847.787
41,288.319
86,747,474
+5.534.845
-6J20'.!4'|183,,818.600 188,163,383
-4.S40.-4fl
90.4J0.n7t- +18.1S4.'6-
+a,«7«.20
SI.
•gsdis)
890,771,011
397,C69,784
•94(191)
88J.0:e.485
891,5<Jl,e04 -69,425. Uw'
•99(117)
8eS,l36.Bt 8
848.870,7ei< +19.t6f.l0t-lUl,,178.169 10<),88S.644 +10.888.525
T»«(117)
393,8O3.0«0
4as,8SO,079
40>l,5Sa.0(r +13.748.034 183,,236.014 180.88 ^.688 +11.907.3 6
•97(1«8)
8t3.8'3.17i
98.,^94.884
lie,48H,efO -17,634.378
+2,540.722
+9,^29.884''ll6,,931,633 H4.390.9ll
+
•0(Klie)
e3-i,878.f5'»
'91(104
•09 i»9)
0e9.6'jl,lt4
15,444,350
491,a'9 3l2 +4fl.255.8'V', 170,,052.977 164,608,687
478,005,184 + 44.v9^44l 164 ,647.99 < 147,321^,809 +17,319. Ib9
B6H,e<3.1l9 +72. 850.534 204,,486.024 l-'0,43»,'-30 +28.996.794
f05.U«,rl + 6l,891.Bat< 219.,416,082 197,778.e41 +31,e6H,4ai
6f3,0«9,45a
623,4 ii.:ee +40,6 '7.853,814 ,t3S,275 806 347.797
'08(104;
774.778,127
678,263.289 +10l52483l«t«43,900,678 213,609,764 +30.290,S08
637,f8\2.>l
•geds-t
•99(107
010,901, 678
+8.08C.47'*
NoTB.— We no longer Inolade the Mexloan roads or the coal-mlnlnft
operations of the anthracite coal roads In oar totals. Figures foi
prerlous years have been revised in aooordanoe with this change.
In the case of many of the separate roads the mark
by heayy expenses Is decidedly in evidence. The
Pennsylvania Rillroad for Aagast had a much better
exhibit than for the most of the months of 1903, and
yet with 11,657,600 addition to gross has only $300,left
900 increase in net. The Southern Pacific system,
with 1942,657 gain in gross, hai only 194,499 gain ic
The B3ck Island system, with gross enlarged
net.
by $533,686, has no more than $13,326 increase Id
net.
The CJanadian Pacific, with $621,970 added to
gross, has carried forward only $71,302 of the amonnt
The Missonrl Kansas & Texas, with
as a gain in net.
slightly better gross ($4,423 better), has sustained a
decrease of $122,233 in net.
The Union
Pacific sys-
A.toh.Top. <k Santa Fe.
Pennsylvania Syat. >
(2 roads)t
is
it
further.
needless to carry these
The
following shows
all
illustrations any
changes in
separate roads, whether gains or losses, for
the
amounts
exceeding $30,000.
raaovBk^ aHAMOBS
Inereaiiea.
Pennsylvania Syst >
(2 road8)t
I<ehlgn Valley t
5
Reading RR.*.
Bonthern Paoiho Sys
Phil.
Si
Increases.
»1 ,657.500
1.305,887
l,080.ti87
N. Y. Susqne. AWest..
Pere Marquettey
Seaboard Air Line
Cblc. Great Western..
942.657
.
Atoh. Top. A Santa Fe.
Mo. Pao. & Iron Mt. \
Central Brancn... (
Central of New Jersey
8t. L. A San Fran... )
4 East
111... \
Canadian Pacinc
Gr.Trnnk Sys.Or'ds).
Chesapeake <h Ohio..
Baltimore & Ohio... >
B. & O. Southw... 5
Union Paoltlo System.
N. Y. Ont. & Western..
A St. L.
Boathem Railway
LooisvlUe A Nashville
Northern Central
Wabash
$95,497
94.007
89,487
83,762
82,683
\
San Fran...
RK
PaoL.
Norfolk 4 Western
(Jhlc. Mil. &. St.
Chicago & Alton
Buffalo Rooh. A Pitts.
Atlantic Coast Line...
These figures are for the Railroad Company; the Coal
pany reports an Increase of $2,608,636.
laoreased $723,200.
}
These tlgores are for the Railroad Company only.
Inelades Lake Erie
A
>
& B IlUnois \
Illinois Central
N. Y. Ont. & Western.
Clev.Cln.Chlo.* 8t. L.
Pere MarquetttU
Southern Railway....
8onth. Paoltlo Svst ...
Buffalo Rooh. & Pitts.
8t. Louis Houthwest...
&.Uantlc Coast Line...
Decreases.
Union Paolflo System.
Mo. Kans. A Texas...
entralof Gwrgia
$143,819
122,238
77,i33
64,318
...
Houston & Tex. Cent.
A
St. Paul.
Ohio. Mil.
Phlla. Bait. A Wash...
59.5 i
67,400
36,346
Long Island
7.211
Canadian Paolllo
71.202
Total (representing
i4r TrunkSys. (3r'd8).
$560,765
7 roads)
67.157
t On the Pennsylvania RR. the net on lines directly operated east of
PlttsOnrKh and Erie (incladlug Buffalo A Allegheny Division) Increased
$119,200 and the net on Western lines increased $181,700.
Inelades Lake Brie A Detroit River Railway
results for Lehlgb Valley Ooal Co. and other
] Does not inelnde
oontro'led coal oompan'es. whieh latter snow an increase of $272,566.
* These figures are for the Railroad Co.; the Coal A Iron Co. reports
an Increase of $607,2ti7.
II
When
arranged in groups, tvery group records imin gross for August, but two show losses
in net, namely the Northwestern group and the North
Pacific, as will be seen by the following.
SDMMAmT BT OROUPS.
provement
Stt Jlamin««.
Qvoii Bamvngt.
Sbotion ob
QBOUP.
1902.
1903.
August.
t
6;
8,709.840
t
S0.8I2.7U
5.302 914
8last.&Mld.(lS
Mid. We8t'n.(19
4 902,438
4,319 81(
9,04^,873
!«orthwe»t'ii(ll)
7,086
•«orth Paolflc
Trunk
31689.367
lines. (10
*.nthr. Coal.
i4
IncorDtc
1808.
1008.
«
11,589 813
<
3.8i!8,lll
l,0-«7.t-8
7.^•16.«l';
1,891,969
8.7C9.987
1.747.2( 2
a.l99 35h
6
6,:4V0i
2,518,278
8.E6J.940
9,241,6v3
8,370,14-
8.515.402
8,5e3.G2»-
3t
'
P.O.
%
10,519012
-t-l.0S8.831
1002
-h2,740.i{27 851-89
-(-74.767
4-28
9 %9rVi
-22 667 088
1-84
-47,6»9
-J-610,6
South wertern <t
South Pao. 23
30.456,605
26.681
10,519.445
9.679.693
-i-8
Jouthern
16,922.663
16,«19,32>
4.771.289
4.388 357
-('386.932
8'e7
8-79
TotaI(114 r'ds. 121,060.739 105,267,44'
...(27
2ri
'9.768
41,28^,819
85.747.474
-h6,584,845
16-48
3.082.97(
962,057
l.OC 4,393
-62,336
6-81
Jan.lto Aug.i\.
Trunk lines. lie 266.099,810 224,496.872
76,680,72'
70.218,8e0
+6,271.888
893
24.7ll,';8:
10.9S0.834 -1-13,781.458 125'0«
7-8«
-|-«e3,893
8.821,694
Mexican
8.629,134
(3i
6.!.86'J.3ft6
13.904,6k'4
586."; 89
32.444,5)1
27
66.bB8,18.1
67,230.742
19.4 54.09-
16,631,1^0
-)-2,b22,97ti
52,010,62S:
48,V18,70i
16.895.76
16,a-e.73»
-1-609,021
3 74
69,942.806
68,677,716
24,867.470
28.fcli.807
-1-1,419.163
0-35
107.951,167
98,891,7(3
84.666.630
83.714,285
-(-821.316
8*48
Southern. ...(24 l3U,586.2il
114,164.- 6b
87,9:0.217
34,178.496
+ 8,791.722
11-09
r'ds; 774.778.127 a73,263,28i< 243.900.572 21 3.619.761 +i0.i!90308
14-18
-(886,715
11-68
South Pao.(i7
TotalC 104
Mexlnan
k9,184,T2i
(S)
!«8,640.67t
9.614
»-67
8,478,8i4
7.691,609
1768
+ In the case of the Central RK. of New Jersey and Lfhish Valley, the totals
do not inclade June, the tlgures for that month not having been reported.
Besides the roads which contribute reports as to
gross and net, there are some others which make returns only as to the gross.
In the following table we
show these roads and add their earnings to the
total
ROADS REPORTING OROSS BUT NOT NET.
Avgutt.
A
Iron Com-
1903.
Reported above (11
$
121,050,739
roads)
Ala.N.O. AT.PacN Orl.ANo.East.
Alab A Vicksb ..
VlcKs Shrev.&P.
Ohio. A Northwest..
Chlo. 8t. P
Om.
Eva' sv.A Indlunap.
Evansv. & Teire H.
Gt No.(8C.P.M.&M.)
1908.
$
Inere€t$e.
Deer'$e.
$
$
IC 5,267,446
15,783,293
204,020
86,812
171,622
32,398
79,8 i<4
107,»0t'
6.978
16.919
628,906
Liifte Krie A West'n
Mob. Jacfes.&K. CH
4,843,746
1,015,677
41,401
190,2»9
3,600,470
191,00'
153,496
15,t6»
418,348
488.372
26,249
New Yoik
Central..
7,092,6^!^
90,989
4,214,840
1,019.626
35,415
171,257
8,492,458
185,817
138.183
14,015
393.694
424,125
16.090
6,737,247
NortLern
Paolflclj..
4,182,738
215,007
3,869.271!
199,19.'
18».2'/2
156,235
24.654
64,247
9,159
355.382
318,460
15,812
82,98-
71,820
881.170
11.800
303.652
18,264
52,5h;i
19,8..7
789.958
10,700
285,934
19,676
91,212
146,8&e,115
127,836,217
17.568,269
17,562,898
MA
Montana Central.
A bbip
Gulf
Illinois
Island..
Southern...
Internat'l
<s
Gt. No.
Vand.AT. H.
T.H.tb Indianapolis
Terre H. A P»^orla..
Teias & Pac tio..--
Texa88ab.V &N.W.
•
Tol
^
St. L.
W'msp't
A
West...
ANo
Br'ch
Total (137 roads).
Increase (18-74 p.c.)
IT
Detroit River Railway.
Total (representing
34 roads)
$5,960,474
76,9^2 of the gross in the above.
Covers lines <iireotly operated east and west of Pittsburgh and Erie.
The gross on Eastern lines (including Buffalo A Allegheny Valley
DlvlBlOD) increased $934,300 and the gross ob Western lines
t
Wabash
235,776
224,941
184.846
169.373
144,978
127,8«9
116.743
113,124
94.499
84.724
78.832
Ohio.
8t.L.
*
Mlnn.Bt.P.AS.Ste.M.
Ann Arbor
295,356 Kanawha A Michigan
Ft. Worth A Denv. C.
291,365
Erie
A
63,056
42,687
39.629
88.»53
37.535
37,201
33,626
32,987
77,5M
73b.i48
Cumberland Valley...
72.009
706,603 Paoltlo Coast
62,104
663.885 8t. Louis Southwest...
58,987
£0.400
601,715 W. Jersey A Seash.. ..
Ohio.IndplisALonisv.
49,401
45,63:-t
570,633 Southern Indltina
633,^85 Yasoo & Miss Valley.
45.597
621.970 Phil. Bait. A Wash
44,100
484703 Houston & Tex. Cent.
40,670
478,207 Wheeling A Lake Erie
S 9,8 15
39,643
438,028 Ft. Worth A Den. City
Oln.NewOr.AT.Pac.
39.151
279,9 ?9 Denver A Rio Orande
88,708
272.675 Long Island
32.499
256.105 Hootjlng Valley
33,093
248,056 Mobile A Ohio
31.790
246,047 Ann Arbor
31,146
23?.200 Ala. Qr't Southern
31,101
217,7/0
214.4e9
Total (re
213 8''6
56 roads)
$lS.t60.210
156.880
110.211
Decreases.
104,938 Minn. A St. Louis
$41,965
IlUnolB Central
Rock Island System..
Clev. Cln. Chlo.
Toledo As Ohio Cent. ..
Nash.Chat.ASt.Lonis
Ksnawha&Mlch
rle
Ohio.
» OROSS barnihob in august.
361,572
300,900
Mo. Paolflo&Ir. Mt. >
Central Branch ... s
Baltimore A. Ohio... )
B. & O. Southw... \
Chesapeake & Ohio...
St. L.
Toledo A Ohio Central
N, Y. Susqne. A West.
Wheeling A L. Erie...
776,9'»0
471.93,s
New Jemey
tem, though having added $279,989 to gross, rune Mithr. Coal.+(5
Bast. &, Uld.(15)
$143,812 behind in net. The Milwaukee & St. Paul M d. We8t'n.(18)
and the Central of Georgia are other instances oi Njrthwest'mll
Morth P»olfl< (4)
roads, which with gains In gross, report losses in net. Southwestern a
But
RR
Phil. <b Readlni;
Central of
Aug.
[Vol. lxxvii.
PRIM(7IPAL
Nit Bamine*.
Inerttut or
Dtereatt,
8
.
IJ
1
Fonr weeks to Aug. 29.
Inolades proprietary roads in both years.
>>•••
3,949
5,986
19,042
108.012
5.19c
15,81&
1,254
1.10<
17.718
> >
.
*
•1,412
5,86i
0€T.
THE CHRONICLE.
24, 1903.]
1
265
from the foregoing that when we la
elude the roads which report ouly as to gross we get
an aggregate Increase In gross for the month of Aagnst
It will be seen
Trust Company and the Union Trust Company occupied an
important place in banking circles and their unexpected collapse created no little surprise. Neither failure was in any
way connected with the affairs of J. William Mlddendorf &
that ie,
in the sum of $17,662,898, or 13 74 per cent
Co. and John L. Williams & Sons, but both are attributed to
the gross earnings for August 1903 foot up IU5,- the depressed condition of the market
generally. The Mary>
399,115, against $127,836,217 for August 1902.
land Trust, however, has much money tied up in the Vera
Cruz & Pacific RR. Co. of Mexico. The company's capital
was 12,126,000, and on June 30 it showed surplus of $2,437,000,
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S
with deposits of $5,773,817. Mr. Allan McLane, Third ViceThe public sales of bank stocks this week aggregate 349
President, has been named as receiver. Mr. Miles White Jr*
shares, of which 173 shares were sold at the Stock Exchange
was appointed receiver for the Union Trust Company, of
and 177 at auction. The transactions in trust company
which he is a Vice-President. This company's capital is>
stocks reach a total of SO shares. A email lot (4 shares) of
Surplus and undivided profits stood at over
$1,000,000.
Leather Manufacturers' National Bank stock was sold at
$400,000 on June 30, when deposits were in the neighborhood
316, an advance of 16 points over the price paid at the last
The closing of these two concerns is
of two million dollars.
previous public sale, in Auj^ust. No sales of bank or trust
expected to be only temporary— in fact the Union Trust Co.
company stocks have been reported from the "curb"
commenced on Tuesday preparations for an early resumption.
market.
A committee, consisting of Messrs, Joseph R. Foard, SeyLast previous tale.
Price,
MoTM. 3A.HK*— yew Tork.
mour Mandelbanm and Nelson Perin, has been appointed to
601-«06
Mar. 1903— n4.%
J8 Amprloa, Bark of
I6OI4
Sept 1903— 165
aSCitizenn' Bank, National
investigate the affairs of the latter company, and to devise a
21 3-215
Oct. 1903- 215
•186 < Viumeroo. Nat. Bank of
plan for its re-opening. The principal asset upon which the
1903
Bank
100
Oct.
100
SFed.ral
Aug. 1903— 301 J« Union Trust could not realize is the first mortgage bonds
4 Leai ht>r Manafao'r*' Nat. Bank 316
120
Oct. 1903— 125
10 Northern National Bank
ICOI4
Aug. 1903- 110
of the Belvedere Hotel, and these are considered gilt-edged»
101 PbeLlxNallonal Bank
Truot Compaiiiks— ii^ew TotJe.
The Federal National Bank of Plttebnrgh, whose stock suf1440
Oct 1903-1450»«
25 Farmers' Loan A Trust Co
fered a decline on the first two days of the week, failed to open
Sept 1903— 700
3 Onaranty Trust Co
677H
:235 lot.
Feb. li*03—
51
50 Holland Trast <'o t
on
Wednesday, a notice on the door stating that it had been1491
Aug. 1903— 1490
2 United States Trust Co
closed by the Comptroller of the Currency. The runoors'* or tht9, 172 shares were sold at the Stock EzohanRe at 213-215.
which led to the weakness of the stock and resulted in &| AueBsment paid- see Chronicle, Jan.
t Closing up its baeioeas.
24, page 87.
rapid withdrawal of moneys President Langfitt In a siguedi
—The banks of Utica, N. Y., have decided to discontinue statement declares to be "groundless, baseless and perhaps mi
making public their figures of clearings or exchanges. In some cases malicious." He admitted, however, that the
June of last year we were requested to include Utica in our bank held $140,000 in notes of the Eastern Tube Company,
compilations of clearings, and since that time the figures now in the hands of receivers. The bank is a comparatively
have been furnished to us by the Utica Chamber of Com new one, having opened in December 1901 with a capital of
merce. The determination to discontinue giving out the re. $2,000,000 and surplus of $400,000. At the date of the last
salts appears to have been reached suddenly.
bank call in September the deposits were $4,313,112.
—
—
1
—The
annual convention of the American Bankers' Association occurred this week at San Francisco. The meeting
opened on Tuesday with the sessions of the trust company
imd savings bank sections, the regular convention beginning
on Wednesday and concluding on Friday. A full report of
the proceedings, with the various addresses and papers, will
be published in our Bankebs' and Teust Section, to be iseued
next Saturday.
—It is reported that a seat in the Montreal Stock Exchange
was sold on Monday of this week for $15,000. This is a decline of |12,S0O from the high- record price and $500 less than
the price obtained for a seat last week.
—The week has
been marked by several important bank
failures throughout the country.
& Trust Company of America was
into
get
trouble,
the closing of its Mexican office
the first to
having occurred last Saturday. This was followed by the
The International Bank
suspension of
day.
An
its
Seattle
and San Francisco branches on Mon-
application, filed in Dover, Del., for a receiver for
The collapse of the Federal National Bank of Pittsburgh
was followed by the suspension of the First National Bank
of Allegheny, the oldest banking institution in that city. Iq
a statement issued on Wednesday by the President, Mr. John
Thompson, It was announced that the directors had resolved,
in view of the wide distrust and run on the bank, created
by its supposed connection with the Federal -National, to
place the bank in voluntary liquidation, although the institution "has ample assets to pay all the depositors in full and
leave a handsome surplus for the shareholders." The bank
was organized in 1864. It has a capital stock paid in of
$350,000. Some four months ago it was reported that President Langfitt of the Federal National had purchased a majority of the shares of the First National of Allegheny, and
that thereafter each bank would work to the benefit of the
other. The Allegheny bank was a member of the Pittsburgh Clearing House, in which it acted as the representative of the Federal National.
—Amendments
to the articles of association of the National
the company was granted on Tuesday and Mr. James H, Bank of Commerce in New York, recently consolidated with
Hughes appointed, and the New York office was also closed. the Western National Bank of the United States in New
The company was formed a year ago as a result of the con- Yoik, will be voted upon by the stockholders at a meeting on
November 20. One of the proposed amendments provides that
solidation of the Mexican Trust Company and the Corpora-
The authorized capital the shareholders shall regularly elect the directors, in the
was $10,000,000, of which $1,800,000 was stated to be out- same manner and on the same date as other national banks',
standing last November, when $3,200,000 additional stock thus doing away with the present system of a eelf- perpetuatwas being offered at $120 per share, It was claimed that the ing body. Provision for the election or appointment by the
company had a very broad charter under the laws of Dela- board of additional Vice-Presidents will also be submitted to
tion Trust
Company
of Delaware.
ware, allowing, in addition to a general banking and trutt
business, the privilege of doing an insurance and transportation business, as well as to operate telephone and telegraph
lines, and engage in manufacturing or any other business
whatsoever. District Attorney Jerome of this city, to
whom it has been represented that the company's branch at
Wall Street was established without a certificate from
the State Banking Department, has directed an investigation of the failure. The company was officered by Mr.
William H, Hunt, President; Charles F. Phillips and John
64
the stockholders at the meeting.
—In
refusing to grant a writ of mandamus to Camill©
Weidenfeld in his effort to secure re-instal;ement to the privileges of membership in the New York Stock Exchange, the
Court of Appeals on Tuesday sustained the decision of tho
lower courts. Mr. Weidenfeld was suspended for one year
on February 24 last on account of charges growing out of
the Peter Power litigation against the Northern Pacific.
—The
action recently brought by certain of the stockholders
Guardian Trust Company of this city against Mr. Bird
H. Maugham, Vice-Presidents;
Rice, Treasurer; S. Coler and several other directors, alleging mismanageJ. O.
Ricardo Uolin, Secretary, and W. R. Morris, Secretary and ment and breach of trust, was dismiseedonMonday by Judge
Assistant Treasurer.
Lacombe for want of jarisdietion.
In Baltimore there were two suspensions this week, both of
The assignees' statement filed on Tuesday places the
which occurred on Monday. The institutions, the Maryland total liabilities of the firm of Edwin S. Hooley & Co. of this
of the
—
THE CHRONICLE.
1266
[Vol. lxxvii.
—
dty at $8,729,672, of which $8,079,800 is secured. The
Most commodious and attractive are the quarters now
nominal assets are stated as |9, 648,057 and the actual assets occupied by the Albany Trust Company of Albany, N. Y. For
the past three or four weeks the company has been domiciled in
$3,417,178. The firm suspended on July 27.
—Mr. M. M. Belding
formerly Vice-President, has
been chosen President of the Broadway Trust Company of
this city, to succeed Mr. Moses May, resigned.
The latter
will continue to act as Chairman of the executive committee.
Mr. Belding's place as Vice-President will be filled by
the former Secretary, Mr. Frederic Q. Lee.
First
S.
found in structures of
its type. "^The interior decorations are
exceptionally artistic and elaborate. The vaults also have
shared in the attention which has been bestowed on every
detail of the building's construction.
C.
Hooley, resigned.
—Mr. Hooley
has also resigned from the board of the
Company of Plainfield, N. J., the vacancy in
the directorate here being filled by the election of Mr. J.
Herbert Cate, the company's Secretary and Treasurer.
Plainfield Trust
—The old
firm of Messrs. W. E. Hutton &
and Cincinnati has been recently dissolved, two
separate concerns having been formed to continue the business in each city.
A new partnership composed of Edward
F. Hutton and W. D. Hutton, to be known as Edward F.
Hutton & Co., will conduct the business in New York, with
offices at 33 and 85 New Street. The Cincinnati concern will
include W. E. Hutton and bis son James M. Hatton in a
separate partnership and will hereafter be known as W. E,
Hutton & Company.
—
At a meeting of the directors on Tuesday, the 20th inst.
Mr. William Dick, previously Vice-President of the Manufacturers' National Bank of Brooklyn, was elected President,
to succeed the late Mr. John Loughran.
—Plans are being perfected
for the establishment of a new
banking institution in the Bay Ridge (South Brooklyn, N,
Y.) district. It will be known as the Bay Bidge National
Bank and will locate at Third Avenue and Fifty first Street.
Mr. Louis I. Seleznick, of No. 49 Maiden Lane, this city, is
actively engaged in promoting the organization of the bank
—On Tuesday,
of electing an agent to whom the assets will be transferred
or delivered, or for the purpose of continuing the receivership in accordance with the provisions of certain Acts re-
lating to receivers of national banks.
—While
plans for
Company of completed for some
New York
the 20th
inst.,
Company
new branch
the Nassau Trust
of Brooklyn, formally opened for business its
Fulton Street and Red Hook Lane. The branch,
which occupies the entire ground floor of the newly erected
Nassau Building, is attractively finished In mahogany and
office at
white, the Colonial style of architecture predominating.
The Nassau Trust has made substantial growth in
character and strength during its existence, its deposits having increased from $3,28 D,23 1 in June 1893 to $6,060,058 in
and the undivided profits from $175,383 to over
$500,000 in the same period. Andrew T. Sullivan is the wellknown President of this institution, while William Dick and
John Truslow are Vice-Presidents, Harry F. Burns Secretary,
and Francis Weekes and Chester Woodworth Assistant Secretaries.
The present board of trustees includes Colonel A. D.
Baird, Ditmas Jewell, William Dick, Herbert F. Gunnison,
Robert P. Lethbridge, William E. Horwill, F. D. Mollenhauer, Jost Moller, James A. Sperry, James H, Post, Andrew T. Sullivan, Henry Roth, John Truslow, E. B. Tuttle,
Charles H Russell, Henry Ssibert and F. W. Wurster.
The pleasant room, arranged exclusively for the use and
comfort of women patrons, is a special feature of the new
branch. The main offices of the institution are situated on
the corner of Broadway and Bedford Avenue, Brooklyn.
The Nassau Trust organized In April 1888 (as stated in the
CnaONiCLE of July 25) has paid a dividend of six per cent
ever since its inception. Its surplus (which now equals the
capital stock of $500,000) represents the profits earned since
the company's organization, the original stock having been
June
new building at the corner of State Street and Broadway,
which has been equipped with every accommodation now
its
—The shareholders of the Chestnut Street National Bank
Frank French has been elected a director of the
National Bank of Plainfield, N. J., succeeding Mr. Ed- of Philadelphia are to meet on November 5 for the purpose
—Mr.
win
Jr.,
1903,
'
subscribed for at $100 par value,
—An uptown branch
for for the
Bank
organization will probably not be
time yet, a charter has been applied
An stro- Hungarian &
of Pittsburgh.
Italian
Exchange
& Savings
Interests prominent in the Farmers'
Bank
of Pittsburgh will, it is understood, own the
institution, which is to have a capital of $850,000.
Deposit
new
its
little
—
Mr. James Davidson has become President of the Old
Second National Bank of Bay City, Mich., succeeding Mr<
Orrin Bump, who resigns on account of ill-health. The
office of Vice-President which Mr. Davidson vacates has been
assigned to Mr. Frank P. Chesbrough.
—Cincinnati interests headed by Mr. George B. Cox have
obtained control of the Cincinnati Trust Company, heretofore
held by Cleveland parties, prominent among whom was Mr.
E G, TiUotson of the Cleveland Trust Company. The transaction involved the transfer of 1,792 shares of stock, which,
with the amount previously held by the new owners, gives a
total of over 2,600, or more than half the capital of $500,000.
The sale was effected, it is understood, at 127^ per share.
The company commenced business about three years ago, in
December 1900. Whether any change is to be made in the
management has not yet been divulged.
—The seventh annual
Association was held
meeting of the Nebraska Bankers
at Lincoln on the 13th and 14th insts.
In a discussion of the subject of "New Financial LegislaCongressman E. J, Hill of Norwalk, Conn., expressed
himself as favoring the asset currency legislation as proposed
Mr. A. J. Frame, President of
in the amended Fowler bill.
National
Bank
of Waukesha, Wis., took an
Waukesha
the
opposite stand. Papers were read by Mr. G. W. Wattles,
President of the Union National Bank of Omaha; John E,
Donelan, iCashier of the City National Bank of Weeping
Water, Neb.; C. F. Bentley, Cashier of First National Bank
Grand Island, Neb.; N. A. Rainbolt of Norfolk, Neb., and
Secretary Royse of the State Banking Board. Mr. J. T. Trenery, President of the Farmers' National Bank of Pawnee City,
has been chosen President of the Association for the ensuing
year. The Vice-President is Mr. E. F. Folda, Cashier of the
Banking House of Frank Folda, at Schuyler, Neb.
tion,"
—The directors
of the Texas National Bank of Dallas, to
organization
we referred last week, have elected of
whose
President, Mr. W. C. Padgitt; Vicefleers as follows
President and Cashier, J. W. Blake; Second Vice-President,
W. G. Scarff; Assistant Cashiers.. B. C. Barrier and A. C.
:
Wilson.
—According to the New Orleans
inst. a
new
"Picayune" of the 18th
Germania National Bank and
Banking Company of New Orleans
deal between the
the Inter- State Trust «&
has been arranged to take the place of the original "affiliation
plan" by which the Inter-State was to reduce its capital and
the Germania National to increase its stock. Under the new
plan, the Interstate, it is announced, has purchased onefourth of the stock of the Germania at 170. As the total
stock is $700,00!), this means the acqalsition of 1,750 shares at
Avenue and Forty-fourth St.
has been opened by Messrs. Raborg & Manice, whose principal office is in the Drexel Building, at Broad and Wall
Mr. Henry P. Stevens has charge of the a cost of $297,500.
streets, this city.
uptown office.
—Favorable action was taken on the 6th
—Mclntyre &
at Fifth
Marshall, 74 Broadway, have established, in
general brokerage business, a bond and
with
their
connection
investment department, paying especial attention to Govern-
inst, by the stockMerchants' National Bank of Los
holders of the Farmers'
Angeles, Cal., on the proposition to increase the capital
from $1,000,000 to $1,500,000. An addition of $500,000 will
also be made to the surplus, the selling price of the new
shares being $200 each.
&
bonds. This branch of their business is under the management of H, C. Wright, formerly of H. C. Wright & Co.,
—The Federation of Societies of Public Accountants in the
Chicago, who wore members of the New York Stock ExUnited States elected officers at their second annual meeting
change for some years prior to June last.
ment
.
Oct.
aeld in
:
.
—
1
,
THE CHRONICLE.
Washington on October
The followiDg
2l8t.
officers
President, F. J. MacRae of New York; Secreof Illinois; Treasurer, Robert H.
Wilkinson
tary, George
Auditor, E. L. Suffern of
Pennsylvania;
Montgomery of
for the coming year conBoard
New York. The Executive
were chosen:
newly elected officers, all members ex-offioio, besides John R. Sparrow and J. A. McKenna of New York; A.
L, Dickinson and J. A. CJooper of Illinois; Harvey 8. Chase
of Massachusetts and J. E. Sterrett of Pennsylvania. The
sists of the
Presidents of the respective State Societies are also members
of the Executive Board which alec iccludes: William M,
Lybrand of Pennsylvania; Farquhar J. MacRae, N. Y.; Max
Ernest
J. S. M. Qoodloe, Ohio
Teichmann, Maryland
Reckitt, Illinois; Herbert F. French, Massachusetts, and
;
;
The Federation will meet
of Michigan.
Louis in October 1904.
John H. Clegg
again in St.
—
—
:
24, 1903.]
1267
IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SA:N FRANCISCO.
of the Collector of Customs at San
this week the details of imports
exports of gold and silver through that port for the
Through the courtesy
Francisco,
and
we have received
month of September, and they are given below in conjunction with the figures for preceding months, thus completing
the results for the nine months of the calendar year 1908.
Thp imports of gold were of important volume, reaching
Of silver there came in $231, 3< 5, all
$1,774,226, mainly coin.
bullion and ore. During the nine months there was received
a total of $6,588,506 gold and 11,713,681 silver, which compares with $1,319 489 gold and .$1,696,878 silverin 1902. The
shipments of gold during September were of small volume,
reaching |13,095, mostly coin, and the elports of silver were
$836,519, mainly bullion. For the nine months the exports
of gold reached $1,769,868, against $1,879,495 in 1902, and
$1,607,989 silver was sent out, against $5,732,117 in 1902.
The exhibit for September and for the nine months is as
follows
DEBT STATEMENT SEPTEMBER
of the public debt
INTBBB8T-BHABINQ DHBT SEPT.
TitU Of
Loan—
Regiitered.
payable.
%
S
Q.— J 628,723.060 619.484.660
as, Conioli of 1080
43,726,700
Si. Loan of 1908-1918.. Q.—F. 198,798,660
4i. Fanded loan, 1907„Q.— J. 740,926,060 123,101,850
it Befnnd'8oertlflo'8.Q.— J.
4a,
•a.
Loan of 1986
Loan of 1904
Q.— F.
Q.— F.
SO. 1908.
Amount Outitandino.
InUreit Amount
40,018,760
162.816,400
100,000.000
SILVBK.
GOLD.
and Treasury
oash holdings of the United States are made up from official
figures issued Sept. 30, 1903. For statement of Aug, 81, 1908
see Chronicle Sept. 36, 1903,i>aof€ 744; that of Sept. 30, 1902|
aee Oct, 4, 1903, page 710.
The following statements
IMPOSTS OF OOLD A.ND SILVER AT SAN FBANOIBCO.
SO 1903.
Coupon.
Jotai.
t
62H,788.0eO
*
9,286,500
87,160,860
80.886.060
43,926650
167,026 800
82,064.360
86,435.660
80,580
118,489,900
11.497,100
5,926,000
17,883,100
AsKto
918,580,440
Int.-Baarln8Debt.l.770,760.610 780,886.950 182,683,660
Mots— Denominations of Bonds are
Of $10 only refunding certificates; of $80 loan of 1908 coupon and reglitered
Of $60 aU Issues except 3s of 1008: of $100 all issues;
Of $600 all except 5s of 1004 oonp.; of $1,000 all Issues;
Of $6,000 all reglste'dSs.Ss and 48: of $10,000 all registered bonds;
Of $80,000 resist. 4s loan of 1907; of $60,000 registered Ss of 1080.
MOMTHS.
Coin.
1903.
January...
Febrnary..
Bullion.
Total.
Ooin.
9
$
9
$
4,928
3,280
3.585
May
Jane
6,895
1,461,735
July
E, 487,550
ikafUBt
September 1,703,647
63,395
63,895
117,123
128,618
94,098
99,023
37,103
40.383
81,6B0
85,265
112,602
106,607
132,557 1,594,292
203.252 2,640.802
70,679 1,774,226
Tot. 9 moe. 5,682,012
906,494 6,538,506
ii',i96
March
April
Aug.
81,
Sept, 80.
/unded Loan of 1801,oontlnnedat 8 percent, called
May 18, 1000 Interest ceased August 18, 1000.
$80,800 00
FundedLoanof 1891, matured September 8 1801..
57,76000
1,057,12086
Olddebtmatnredprlorto Jan. 1,1861
. .
;
Debt on which interest has ceased..
$88,200 00
.
66,75000
1,067,100 86
$1,204,07086
i
DEBT BEARING NO INTEREST.
$893,433.£S9 63
,
RECAPITULATION.
,^
,
^ „ v„
OlauiMation
of Debt—
„.
Interest-bearing debt
Debt. Interest ceased
D•bt bearing no interest...
Total gross debt.
Cash balance In Treasury*.
To tal net debt
*
Sept. 80, 1008.
$
AuQ.V}.,\Wi.
012,589,440 00
86
68
891,620,607 68
Inc.
1,808.642 00
1,807.160.729 89 1,807,875,067 89
889 417.184 28
888,460.710 94
Deo.
Inc.
206,388 00
6,966,473 88
1.11*7,050
917.762 645 67
I,:;i04,c70
Dec. $2,001 ,060 00
7,02l) 086 Deo.
988,924.866 95
Deo. oT71,811 28
Including $16O,0OO,000re8erTe fund.
The foregoing
show a gross debt on Sept. 30, 1908,
and a net debt (gross debt less net cash
figures
of 11,307,169,729 »9
in the Treasury) of $917,752,545 67.
Trbasuby Cash and Demand Liabilities. — The cash hold
Ings of the Government as the items stood Sept. 80 we have
prepared from the Treasury statement of that date.
^^.''^"-
»
. ™.
7m»t
Fund^ HoUlinge—
Goldcoln.
$420,487,869 00
464.-- 15,000 00
LIABII.ITIK8,
Trust Fund lAabUitie*$420.497,869 OC
Gold oeniflcates
Silver dollars
Stiver dollars of 1890....
2,.s 15,041 00
Silver bullion of 1890.
1 4,9»a,95B 00
Total trust funds
$902.70o,beo ov
General Fund HoUHngg—
Gold coin and bullion... $S4,323,8»7 60
Gold certiacates
2fl.39J,2iO 00
Silver certificates«.lt*8,78» 00
Silver dollars
15,ai2,497 00
Silver bnlllon
l,54«,13i 82
United States notes
10,3o2.v:47 00
Treasurynotesof 1800..
ie2,7w2 00
National bank notes
15,520,5^39 69
Fractional silver coin
7,958,286 42
Fractional currency ....
83 6
Minor com
406 642 09
Bonds and Interest paid
1,116,969 49
Tou in 3ub-Treasnrles.»li9,l33.a08 06
In Nat. Bank DepositariesCredit Treasurer of U. 3.1 i58,284,k07 09
Credit U. 3. dlsb. officers
8.618.477 60
Silver certificates
Total In banks
$161,77B,!(b6 68
In Treas of Philippine
Islands -Credit D. 8.
dIsburainK officers
8,609,366 53
Cath Balance <t Reeerve—
Total casb and reserve. .$380,417,184 88
4«4,'516,0O0 0«
Treasury notes of 1800..
17,498,000 00
. .
. .
Total trust
liabllltles. .t>)0A7u0,Ba9 Oj
Oen. Fund Uabilities—
National bank 6 per cent
fund,
$14,702,627 67
drafts
9,180,625 28
68.387,320 98
6,249,366 48
1,»'«3.m4B 71
t95,iOtf.776 04
Made up of—
$239,417,184 28
and
Fund Holdingg—
Reserve Fund
Gold coin and bullion. .» 160,000,000 oo Gold
& bnil.$160.000,000 00
Grand total.
$i,3«7,,eai,c8U 26
Grand total
.$l,8tf7.&«l,8e8a6
Beterve
"ibo
84,018
84,424 1,629.257 1,713,681
SILVER.
Ooin.
Bull'n
Total.
9
9
9
1903.
Janaary
Ooin.
Bullion.
9
Total.
$
9
9.140
9.140
February..
2,680
• ••2.580
March....
11,404
11.404
• >*•
A.pni
4.610
>-•
4,610
62,792
May
> •
62,792
Jane
449,330 680467 1,079.797
July
5,900 574060 679,965
August
6,480
*_>•
6,480
September 11,996 1,100
18.095
70,884
15,696
11,544
236,509
8.065
24,130
120.792
76,760
74.619
355.500
82.200
96,000
143,300
261,900
426,084
97,896
107,544
226,509
48,455
24.130
120.792
220,060
336,619
tot. 9 moa.
628.989
979,000
1,607.989
.
564,236
1,769,863
1,906627
40,400
Failures foe Third Quarter and Since Jan. 1.—The following figures, prepared from Messrs. R. Q. Dun «fe Co.'s
statement, show the number of failures in the United States
and Canada during the quarter ending Sept. 80, 1903, and
for the nine months ending with the eame date. For purposes
of comparison like figures for the corresponding periods
of the preceding year are given:
1903.
No. of
Third Quarter.
Failure*.
NewEn)?land States
1902.
.
Amount of
No. of
Liabilities. Failures.
348
Middle States
646
Southern States
862
Southwestern States
212
Central Western States
516
Far Western States
331
PacifloStatesandTerritor'B. 233
$7,427,010
Aggregate United States... 2,548
.
Amount of
Liabilities.
1,062,685
4,685,306
1,627,316
1,279,576
419
651
409
184
460
287
201
$3,918,942
9,823,349
6,056,040
758,615
3,561,720
1,165,014
748,954
$34,858,595
2,511
$25,032,684
$1,986,974
281
$3,584,51«
$17,736,079 1,857
34,691,416 1,744
12,530,265 1,653
4,929.312
804
22,022,335 1,568
4,590,290
930
626
5,166,158
$13,444,284
29,109,631
13,868,787
4,226,487
14,823,677
Aggregate United States... 8,176 $101,656,855 8,676
$85,407,490
Dominion of Oanada
229
Nine Months.
New England States
1,071
1,678
1,497
Middle States
Southern States
Southwestern states
Central Western States
Far Western States
763
1,670
982
616
Pacific States and Terrltor's.
Dominion of Oanada
727
The record of failures
of the last eighteen years
is
—
Tears—
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1908
18,ftll,6l0
4,86.'S,09Z
845
$5,394,111
5,<i03,380
4,731,564
$9,338,467
by quarters
for the three quarters
as follows :
Third Quarter.
Second Quarter.
Amount of
No.
Amount of
No.
—
—
First Quarter.
,
Am/>u7it of
Failures. Liabilities. Failures. Liabilities. Failures. Liabilities.
,
.
No.
Disbursing officers' bal-
Available
178,911
317,194
73,997
276,472
202,482
221,305
OOLD.
Outstanding checks and
ances
Post Office Department
account
Miscellaneous Items,...Total gen. liabilities..
"so 6
110,064
104,610
144,222
179,817
317,194
74,097
360,490
203.482
221,305
HOMTHS.
Inc. or Dec
$
$
914,541,400 00
8fi3,< 38,230
9
9
110,064
104,610
144,222
$1.167,050S6
Onlted States notes
$846,681,016 00
Old demand notes
68.847 60
National bank notes— Redemption account
39,827,18560
Fractional currency, less $3,375,084 estlm'd as lost or destroyed
6,871,240 611
Aggregateofdebtbearlngno Interest
Total.
BXPOBT8 OF OOLD AND SILVBB FBOM BAN FRANCISCO.
B
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITT.
Bullion.
3,203 $29,681,726
3,007 32,161,762
2,948 38,884,789
3,311 42,972,516
3,223 37,852,968
3,545 42,167,631
3,384 39,284,349
3,202 47,333,300
4,304 64,137,333
3,802 47,813,683
4,031
57,425,135
3,932 48,007,911
3,687 32,946,565
2,772 27,152,031
2,894 33,0Z2,573
3,335 31,703,486
3,418 88,731,758
8,200 84,344,433
-
1.953 $20,752,734
22.976,330
1,905
29,229,370
2,241
2,292 22,856,337
2,162 27,466,416
2,529 .'i0,248,636
2,119
22,989,331
3,199 121,541,239
2,735 37,601,973
2,855 41,026,261
2,995 40,444,547
2,889 43,684,876
3,031 34,498,074
2,081
14,910,902
2,438 41,724,879
2,424 24,101,204
2,747 26,643.0J8
2,428 32,452,837
,
1,932 $27,227,630
1,938 73,022,556
2,361
22,114,254
2,276 30,227,045
2,196 35,452,436
2,754 44,302,494
1,984 18,659,235
4,015 82,469,821
2,868 29,411,196
2,792 32,167,179
3,757 73.285,349
2,881 25.601,188
2,540 25,104,778
2,001
17,640,972
2,519 27,119,996
2,324 24,756,172
2,511 25,032.634
2,648 34,S58,6»5
:
THE CHRONICLE.
12G8
plonctavulCommcvciatgucjUsTt^Jcxud
From oar own oonesponaentJ
London, Saturday, October 10, 1903.
All departmenta of the Stock Exchange have been deciI
I a particular, British Government
kinds, including the guaranteed, like the
dedly better tbia week.
securities of all
[Vol. lxxvti.
Money, as already stated, has been abundant and cheap
during the week, but the ease is clearly temporary, and
probably the 4 per cent rate will be made effective in the
course of next week. The main inflaence governing the
money market at present, however, is the probability or nonprobability of gold shipments to New York. It is well understood that the directors of the Bink of England will do their
utmost to avoid raising the rate of discount. Trade is
not very good. There is a deal of apprehension, and basiness
in most departments has been adversely affected by the war
and its consequences. Therefore the Bank is exceedingly
Transvaal Loan, have risen materially, and the impression is
strong that the rise will coatinue. Even if there are fluctu- desirous of sparing the business community as far as it can.
ations, the general tendency, it is now thought probable, will It is also understood that the Governor of the Imparial Bank
nf Germany is most anxious not to raise his rate of discount.
be upward. In the first place, owing to bad arrangements If he did so, he is well
aware that the Bank of England would
In the past, the revenue during the first nine months of the be obliged to take measures to protect its reserve. It the
financial year is always less than the expenditure, whereas Bank rate went to 5 per cent the German Bank rate would
in the last three months the revenue greatly exceeds the ex- probably have to be raised likewise, and that might check
the improvement in trade which is now setting in. It is
penditure. The consequence is that the Government always therefore believed
by the bast informed, both here and In
has to borrow during the first nine months and to pay off the Berlin, that the Berlin rate of discount will not be raised and
debt so incurred in oriinary years in the last three months, that more gold will not be taken from the Bank of England
Thi3 year it Is estimated that the Government up to the end- for Germany.
Just at the end of September, as always happens, there
of the current calendar year will have to borrow a very large was a very strong demand for gold, but fortunately the
amount. Bat in the la?t quarter of the year, that is, be Bank of France came to the assistance of this market. It
tween New Year's Diy and the 81st of March, it is estimated allowed two millions sterling to go to Berlin, That enabled
the Imperial Bank of Germany to tide over the end of Septhat it will be able to repay the whole of the debt so intember without advancing its rate, and it is believed now
curred, something between^ thirteen and fourteen millions that the German demand for gold is practically satisfied.
sterling.
Early next year, moreover, ten millions sterling, which is
gnaranteed by the great mining hou3es,'of the second Transvaal Loan, will be raised, and the yield will be applied to the
reduction of debt. Therefore, the belief is very general,
both here and on the Continent, that though there may not
be much advance before Caristmas, in the beginning of the
new year there will be a very marked rise. This, if it stood
alone, would not affect the market directly. Bat during the
past couple of weeks small investors have been buying
Eich individual purchase does not amouat to
steadily.
much, but the bulk of the purchases is very considerable,
and conseqaently this week there his been a decided recovery
Moreover, Continental investors have again
in consols.
been buying on a considerable scale. In addition to this,
the intelligence which has reached London this week from
New York is mujh more encouraging than any received for
months previously. Hence the impression here now is that
the worst is over in New York, and that consequently no
Lastly,
great disturbance of markets is to be apprehended.
the money market is decidedly easier than it has been recently. Indeed, it is now hoped that the Bank of England
will not be compelled to raise its rate of discount above 4 per
cent. The present ease in the money market is very temporary. Indeed, it is believed by the best informed that the
Bank of England is already beginning to borrow in the open
market. On Thursday next an instalmjnl; of the Transvaal
Loan, amounting to about four and one-half millions sterling, will have to be paid, and furthermore there will be
another instalment payable to the holders of securities of the
South African Ne-herlands Riilway Company. It is thus
likely that rates will rise in the course of next week, but an
advance of the Bank rate to 5 per cent is no longer feared.
On the Coatinent there is likewise a much better feeling.
Money is very abundant and cheap in Paris, and there has
been a good deal of money made by the conversion of Turks,
by the rise in Spanish and in other ways. Consequently,
operators are in better spirits, and they are disposed to go
nto new enterprise abroad. They are not qaite satisfiad yet
that the worst is over in London and New York. Whenever
they become convinced that it is they will probably buy on a
very large scale. In Germany, too, trade is decidedly improving. Money, which was in strong demand last motith,
has become plentiful and easy, and though it is probable
that the ease is temporary, it is not thought likely now that
the Imperial Bank will raise its rate above 4 per cent. There
is much more disposition to engage in new enterpri ie in Germany than there has been for a long tima, and German
investors and operators have been buying good American securities and mining shares.
The Board of Trade returns for September are fairly satisfactory. The value of the imports is £15,451,184, an increase of £3.686,fl93, or a trifls over 8% per cent. The value
of the exports of British and Irish produce and manufactures Is £}3,315, 751, a decrease of £l8),3i0, or abjub 2 per
cent. Of this decrease, ho waver, nearly £i70,')0) is due to a
ailing off in ne;7 ship a.
The Bank
of France is most eager also to prevent a disturbance of the London money market. As is already said, it
has allowed two millions in gold to go to Berlin. It has
allowed a considerable sum also to go to Italy and Egypt,
and It is believed that it would be willing to allow gold to
come to London if occasion arose. It is true that there is a
good deal of discussion in the French press jastnowasto
whether the Bank of France has not already been too
accommodating. The more responsible organs of public
opinion are in favor of further assistance being given. They
point out, reasonably, that if there were to be stringency
in the London money market, every money market in Earope
would be more or less afilected;
that the Paris
money market would share in the general disturbance; and
that, therefore, it Is wiser and more. business-like to prevent
disturbance of the London money market than to look on
until the disturbance has occurred and then be compelled to
take expensive measures as a remedy. If the Kew York
market is able to dispense with European gold, there will be
no stringency here. On the other hand, if New York takes
much gold from this market, the Bank of England will be
compelled to raise its rate of discount to 5 per cent, possibly
even higher, and to do everything in its power to protect its
reserve.
The India Council continues to sell its drafts well. It
offered for tender on Wednesday 50 lacs and the applications
exceeded 268 lacs at prices ranging from Is. 4d. to Is. 4 l-82d.
per rupee. Applicants for bills at Is. 4d. per rupee were
allotted about 17 per cent of the amounts applied for.
The following return shows the position of the Bank of
Sngland,the Bank rate of discount, the price of oonsols, Ac.
oompared with the last three years
Olromlatlon..
leos.
1902.
Oct. 7.
Oct. 8.
S
20,863320
89,371,770
7.402.i4T
fablio dapoiiti
Otber depoiiti
7.BoO,»t8
44 404.!i25
20.ot-6 0ba
!l6.8H4,7:6
)>i.»22,5ei
S27.2e3.ia8
Other eenrltlei..
liM«rT« of notei andooin
V!S,i^f»,4)tt
aoin*biiUlon.botbdepartm'tt. £S,iiO,iti4
Prop.reierre; oUabliltlei.p.o.
48M
4
Sank rata
per cent..
9815-16
Oonaoli.aM par eent
2S.040.207
^8 020,877
84,718,197
9 jTernmeni ••onrltiei
•
October
The
80.168.385
7,402,018
41.626.702
19 491.084
S!6,0>.1
86 080 233
660
ttl.816.4U0
8S.69kl,846
27.873 SOS
43M
»4
4
a
88 1-lS
02 16-16
KM
*»m.
28 11-161.
166 407.000
161.778,000
190,770,000
money have been
29 0-16d
as follows:
[nt$re$t aUoi0*t
for dtyotiU by
09*n Mark*t Bat$t
Otndon.
Irad* BiUt.
Bank BiUt.
Monthi.
8
8
Month$.
4 MonthM.
18-ie@8K SHdSlS
4
4
3
4M
4^8
4^®4
4H<S4 3-16
3-16
Ooll
Dan
2H
8M
4M®1H
4M®4k
4>i®4$i
4
4
Joint Dit'tH't.
Stock At 7-14
Mo$. 4 Moi Bank*
16 iti®9 IS- 16
4)^
®4>^
Oct.
ii*
4®4M
The Bank
rate of discount
3hlef Continental cities
October 10.
Rat»%ot
Inttrut at
Bank
Op«n
Rate. tlark*
ParU
8
Berlin
4
BambnrR
4
4
frankfort
A.miterdain....
Braiteli
8H
4
Vienna
Bt.
10.
t
80.0^6.665
8.87d,w3J
44,7il,685
J9.hl6 7r6
26.312.442
Z.
rates for
Sept.
OcU
M
43«
»7»-i8<l
211,120.000
SUTar.
llasTinff-Honaa rttarni
1900
1001.
Oct.0.
PeteriborR.
Madrid
Copenhagen.
.
4M
8
8
3
3«
t%
SM
nom.
i%
4W
and open market rates at the
have been as follows:
October
Bank
8.
Oven
Rate, tiarkti
September 26
September 12.
Bank
Bank
8
S
4
4
4
4
8^
i%
8«
4
8«
4M
4K
nom.
open
Rat«. Market
4
4
8M
3
an
m
m
4
4
4
8
4
SH
4»
non.
8»
4W
m
SH
3 6-10
4
iH
4U
Open
Rat*. Market
4
SM
8M
nom.
8M
*H
:
:
Oct.
.
.
.
THE CHRONICLE.
24, 1903.J
JSui
Messrs, Pizley tte Abell write as follows ander date of
Oct. 8
Gold—The Bank has received the whole of the week's arrivala, and
has bought £561,0o0 chiefly in bars. *a80,000has been withdrawn,
almoHt iiie whole of which (^oes to Eitypt. There are • few inquiries for
the Continent to-dav, but so far no buelueas has resulted. For the
week-Arrlvale: 8o"ath Africa. £210.<iOO; Bouibny. £125,000; New
Zealand, £ll.OuO; AuatralU, £16,000; River Plate, *2i,000; West Indies, JB49 00U;
£132.0,0.
total,
flhlpiuenti":
BILVBB.
Oct.
Oct.
1.
London Standard.
8
X.
d.
d
d.
a.
d.
«.
For aooonnt
anadian
oi.
76
5"
76
OV
1901.
1?»00,
9.324.748
8,988.207
1,887.256
180,759
315,862
2,994,801
1,955,610
6,287,000
8,648,400
2,062.700
160,600
335,100
4,584,300
1,814,700
8,243,800
1,997,700
2,457,100
140.410
216,940
4,925.000
2,107,700
Total
^ 13,289,577 13,221,588 11.618,659
aTer.prloewheat,week.27e lOifld 25a. lOd,
25b. 8d.
Average prloe. season.: 8b, 10a. 27s. 6d. 268. Od.
12,814.098
28s. 9
,
66.
The following shows the quantities of wheat, flour and
maiie afloat to the United Kingdom:
Ihi$u)eek.
near, eqnal to
qrB... 445,000
qra... 1.105,000
WalM
The
Latiweek.
1902.
1,510,000
355,000
1.240,000
1,660,000
290,000
1,900,000
325,oo'
720.000
7^0,000
1901.
British imports since January lat have been as follows;
1902.
1903.
Difference.
«
£
July
46,226,515
40,560,585
46,916,524
43,802.327
41,915,106
41,295,550
45.653,320
AugUBt
September
42,761,456
45,451,184
50,142,348
41,680,591
40,897,861
46,199,928
43,353,705
40,665,316
44,086,960
40,412,571
41,764.491
—2,397,601
-1,438,599
+680,235
+1,666,360
+2,348,885
+3,686,693
894,237,561
388,871,037
+8,366,524
Imposts.
January
February
March
April
May
June
NinemOB
The exports since January
let
£
—3,915,833
-1,120,006
-f 6,01
8,663
Per
Tues.
ox
—78
-2-6
+147
-5-2
—3 3
+1-6
+35
+5-8
+8-8
+1-3
Wed.
TAttr*.
Fri.
286,8
887,a
887i«
2838
286,g
8838
8838
97-Oii
88718
887!-
97 071a 9700
838
761*
338
6814
911a
761*
89
90
90
3II4
15i«
122 14
80 14
15
122%
123
31
122
I4II9
I4OI4
142
21
20
70
I6I4
1431a
20
2014
691a
28i«
70
122
70
38
67%
50
134
1U2
27%
67%
49!<8
11
17i«
S6I9
3919
120ifl
22
2II9
b8\
58<>8
89
1331s
101 1«
lOia
68 le
91 14
80>9
141*
283fl
68 14
68
491a
1341a
103
50
1341a
I04ia
10%
40
40
20%
57%
12Ha
20%
12114
207e
68ie
21
581a
86i«
6II4
2414
60%
23%
eoifl
60%
2314
2314
871a
6II4
23^1
39
83
39
32 1«
38
32
38%
38%
43^
41%
1938
76»«
4l''8
17''8
32«a
4279
1858
321a
42»8
18»8
76i«
75
76
76
74
73
72ifl
Preferred..............
s. Steel Corp., com..
87ifl
86i«
73ifl
86ifl
74 !«
86I2
]4\
13%
X6288
60)fl
I4I4
601a
14»8
6038
181a
311a
T.
do
pref.
Do
oo
18%
*
32
58
preferred
ri«h.
"B"
18
31
87
18i>»
60i«
17i«
31
84i«
691a
2738
6778
491a
1341a
1031a
lOia
17
351a
39 la
121
89
19
20
39 1«
120
I714
90
87
,
3014
I514
1421s
36
87ifl
pref.
911a
761*
35
16-'e
Northern Seonritles....
Pennsylvania
'PhUa. * Head
* Phlla. A Read. ,1 St pref
•Phlla. & Read. 2d pref.
loutharn Pacific......
<outh'n Railway, 00m.
Preferred
Tnlon Pacific
do
3ifl
67%
IOI3
I7ie
351a
58
90
87
Vabasb
8,243,800
2,107.700
2,462,598
qre.. 1,580,000
& Weat'E
A Western
Do
6,287,000
1,814,700
3,546,950
VTheat
Y. Ontario
a,
*orfolk
Do
288.
16
Preferred
National RR. of Mex.—
iBt preferred
*. Y. Cent'ltk Hudson.. 121
Supplies available for consumption (exclusive of stocks
on September 1):
1903.
1902.
1901.
1900.
lalesof home-grown. 1,894,9^0
Slifl
36I4
1908.
9,824,748
1,955,610
1,941,230
123^
Paul... 142ifl
Or., com,... 20ig
Do
do Preferred, 70^
29
crie, common .........
68%
lot preferred
6OI4
2d preferred...
.Ulnols Central
1841a
C/OuiBviUe A NashvlUe.. 103
11
liexloan Central
40. Kan. A Tez,,oom.. 18
IMFOBT8.
Wlieatlmported.OWt. 9,293.609
imports of aonr
2,100.988
Paolflo.......
A Rio
ten.
The following Shows the Imports Of cereal produce Into
the Jaltdd Kingdom during the five weeks of the new
season rompared with previous seasons:
1803.
Imp^S Of Wheat, owt. 9.293,609
Oarifly
4,945,161
OaW..>.
1,801,967
Peas
390.449
^.....,
Beans
314,418
Indian eorn
6,641,908
riotu
2,100,688
^.
Man.
28 H
)hlo. Mil. <& St.
do 4gr8,gOld.OE
27lSie
do 3gr8,goId.oE 270,8 27 »8
Cake silver
oz 299i« 2988
Mezloan dollarB..OE. 26Bie* 266,a»
'Nominal.
d.
S% p.ots.
ihesapeake A Ohio
;hioa. Great Western..
Sftrgold, ane....oz. 7710 77 101s B&rsllver,fin6...os
2.7»«
27i«
U.S. gold coin. ..OB. 76 6
76 5i« Do 2 mo, delivery 27
6*
5»«*
tjtorm'n gold coin. OE, 76
Bar silver, ooutaln'g
76
do 5 grB.gold.os. 27iB,e 28
rrenoh gold ooln.os, 76 51a' 76 6*
ikpanese yen
Sat
per ounce
console., new,
The qttotations (or bullion are reported as follows:
Oct.
for securities, etc., at London
by cable as follows for the weekending Oct. 28:
281^ 28SB
8808
881s
887,a
88es
887,8
88ifl
'•r'ohrente8(inParia)fr. 98-77»« 96-72'« 96-76
3i«
inaoonda Mining
338
J*"
67 14
vtch. Tup. A Santa Jft.. 68^
6788
91ifl
Preferred
91
901a
78
77
<altimore A Ohio
75%
89 1«
89
Preferred
90
illver,
000; Sonth Africa, £1.780,000; East Indies, £213.000. Shipments:
Sweden, £200,000; Qermany. *2,422.000; Holland, £U,OUO; France,
£34.000; Austria, £311.000; East Indies, £22o,O00; E^'ypt, £850,000.
Sliver— The market has fluctuated elli;h^ly, depending chiefly for
support npon Indian inquiries. The tone remains fairly good, aad at
the close today there are buyers, but sellers are holriiug oil". The Indian price is Ks. 6»i&m per 100 tolahs. For the week— Arrivals: New
York. £8e,000; New Zeeland, £4,0u0; Australia, £4,000; West Iniles,
£90,000; total, £114.000. Shipment)': Bombay, £165,000; Hong
Kong, £^.000; total, £173,000. For the month of September— Arrivals: Germany, £48.000; France. £21,000; U. 8. A., £679,000.
Shipments: France, £h7.000; E>»st Indies, £530,000.
Mexican Dollars— Moderate business in these coin has been done,
chiefly for retlning purposes. The changes In price have been small
ABd have been mostly governed by their silver valuQ,
8.
Vlm«a«lal MarKata— i>«r Cakla.
LORDOH,
Boiubay, £45,200; Co-
Oct.
tk
The daily closing quotation!
are reported
lombo 2,9o0; Manras, £3.t;00; Calouita, £10,000; total, £61,300 For
the month of Bepiember— ArrlvaU: Holland, £22.000; France, £46,-
QOLD,
Condon Standard.
1201)
54
90
18i«
3II4
54'a
65
90
87
61
2314
89
32
4238
Id's
77
78
87
14
60 14
19
321a
651a
Price per share.
^ammtxcmX and W^isctXlzcntoxxs'^zms
National Banks.—The following Information regarding
banks is from the Treasury Department.
oational
NATIOKAL BANKS OBGANIZBD.
Certificatea Issued July 27 to August S8, 190S.
6,898—The First National Bank of Knox, North Dakota. Capital,
$25,000.
President; John H. Molntyre, Tioe,
President; J. A. Mlnckler, Cashier.
6,899— The First National Bank of Ooebum, Virginia. Capital, $25,000. J, W. Bell, President; J. O. Oarpent«-r, Cashier.
6,900—The First National Bank of Crawford, N-braska Capital,
$Z5.ooo. B, F. .lohnson. President; O A Miaick, Cashier.
6,901— The First National Bank of Sorlbner, Nebraska. Capital. $25,000. P. Mo 41verin, President; J. L. Blenard, Cashier.
6,902— The State National Back of Little RjcK, Arkansas. Capital,
$100,000. Joseph E. England Sr., Presldeni; Robert Seybold
Hauillton, Cashier. Conversion of The State Uiink ot Little
Rock.
6,903— The Staunton National Bank, Staunton, Vi'-gtnia. Capital,
$100,000. B, E, Vaughan. President; Q. G Ohild, CUshler.
6,904— The Petaluma National Bank Petalnma, Ca if >rala. Capital;
Cashier.
$i 00.000. Charles Martin, President;
6,905 -The Farmers 'National Bank of Edlnburg, Indl&aa Caoltal,
.Cashier.
$25,000. John T. Mlddleton, President;
6,906—The First National Bank of Henning, Mlnneeota. Capital,
$2=< 000. Frank B. Coon, President;
Cashier.
6,907— The First Natlou&i Bank of Samner, IiHioIh. Capital, $26,000.
Marlon May. President; Ohmir A Fiff-t. Oashler.
6,908—The First National Bank of West Allis, Wlsoonain. Capital,
$25,000. S Mcuord, President; L G. Bakei, Cashier.
6,909— The First National Bank of Dyer, Indiana. Capital, $25,000.
,
Henry L. Kellman, President; Aug. W stommel. Cashier.
6.910—The First National Bank of Raymond. [hIqoIs. Capital,
$25,000.
Wtn. H. Cass, President;
,
Cashier.
6,911~The City National Bank of Maskogee, ludiou Territory.
Capital. $100,000. Daniel W. Hogan, President; Virgil R.
have been as follows
C08B, Cashier.
KXFOBT8.
January
February
March
April
1903.
1902.
£
£
24,903,636
22,775,436
25,108,194
23,136,373
May
24,827,<i26
June
22,271,960
25,875,545
25,664,834
23,315.751
July
August
September
NinemoB
The
217,378,805
re-exports of
24.269,174
21,312,276
22,217,238
23,492,529
22,831.974
21,253,383
Difference.
£
+634,462
+1,468,160
+2,890,856
Per Ot
+2-6
+68
+130
26,029,170
24.299,826
23,796,101
+1,365,068
—480,350
-1-5
+6•^
+4-7
-0-6
+5-6
—2-0
209,500,671
+7,878,134
+3-7
—356,156
+1,495,052
+1,019,577
—163,625
foreign and colonial produce and
Ist show the following contrast:
manufactures since January
1903.
&B-BXPOBT8.
January
February
March
AprU
Btay
June
July
August
September
£
6,067,718
6,138,328
5,458,353
6,.'=.8».064
5,943,558
5,860,852
8.665,518
5,854,912
4,981,573
1902,
£
6,340,446
5,804,101
4,314,471
6,493,949
6,256,747
5.609,128
6,034,529
5,698,640
4,796,675
+1,143,883
+95,116
+686,806
+241.724
-369,011
+166,272
+184,898
$50,000.
Cashier.
6.913- The First National Bank of West Middlesex, Pennsylvania.
Capital, $25,000.
L.
Per
Ot.
+13'7
-»-6-8
+26*6
+1-5
+13-0
+4'3
— 6-1
+27
+4-0
NinemOB
52,549,871
+6-5
49,348,686
+3.201,185
»oTB,—The aggregate figures are offlciaL They indicate that alight
adJuBtments have been made in the monthly retams aB issued.
A.
Burnett, President; F. S. Fish,
6,914—The First National Bank of Neodesha, Kansai. Capital,
830.000. Dagald Stewart, President; William Hill, Cashier.
6,915— The Plantfrs' National Bank of Whltewright. T^xaa. Capital,
PreMdent; J. W. Ashley. Cashier.
$100000,
6,916 -The Blackwell Natlanal Bank, Blaokwell. Oklahoma, Territory.
Capital. $30,000
J. M. Skelton, Prf*eid-nt; J. W. Morse,
Cashier. Conversion of The Bank of Bla'jkw^ll.
6,917—The Farmers' and vterohants' National Bi,i/k of Mlnnfsota,
Minnesota. Capital, $25,000. W. A. Urowe, President; E, I.
Bank of L^ike Crystal, Minnesota. Capital,
G. Gattersen, President; J J Moyuire, Cashier.
6,919—The First National Ba k of Oroville, Uallfornla. Oaol' al, $50,000.
President; (\ H. Sohlveley, Cashier.
6,930 - The OpelousaB National Bank. Opeioasas, LoalKiana. Capital,
$5o,*iOO. E. B. Dubutsson, President; A.Leon Da pre. Cashier.
6,921— The First National Bank of Le Saeur Crtnter Minnesota Capital. $25,01 lO L. Patterson, President; S. fl. Whitney, Oashler.
6,922—The First National Bank of Hughes Springs. Texas. Capital,
$2.^.000
C. H. Morris, Preslient; J M. vfitoheiL Cashier.
6,923—The Laurel National Bank, Laurel, lMl8-.i-8ipoi. Capital, $100,000. Edward D. Peiroe, President; O. M. MoOonald, Cashier.
6,924—The First National Bank of O'Fallon, IlUnoirt. CapUal, $28,Oashler.
000. Ernest H. Smiley, President;
6,928— The First National Bank of Brldgewater, Soath Dakota. CapE. L. Abel, President; T. J. Hbanard, Cashier.
ital, $25,000.
Conversion of The Bank of Bridgewater.
6,918-Th«
First Vatlonal
$30,000
Difference.
£
+727.272
+334,227
Capital,
of Butler, New Jersey.
Charles A. Wilson, President; Melvln S. Condlt,
6,912-The First National Bank
,
THE CHRONICLE.
1270
6,926—The
Bank of OowglU, Mlssoarl. Oapltal,
James CowkIU, PreMdent; J. W. Myers, Cashier.
National
First
*25,000.
Conversion of the Cow^ill Bank.
6,927—The First National Bank of QranuftvlUe, Idaho. Capital.
$25,000. Wallace Soott, President; Martin Wagner, Cashier.
6,92S—The Chootaw-Chlok.isaw National Bauk of Darant, Indian
Territory. Capital, $50,000. F. M. Plrtle, President; I. B.
Walker. Cashier.
6,989— National Bank of Ellsworth, Pennsylvania. Capital. $25,000
President; A. A. Augustus, Vloe-Presldent; H.
,
focal receipts at ports from Jan, 1 to Oct. 17
'ollows for four years:
R***i9t «/—
1008.
1008.
1001.
rioor
,
,
Pleasant. West Virginia, to the Merchants' National
Point Pleasant.
at Point
Bank of
LIQUIDATIOH.
3,319—The Merchants' National Bank of Gardiner. Maine, has gone
Into voluntary liquidation by resolution of Us stockholders
dated February 25, 1903, to lake effect July 1, 1903.
2,074—The Citizens' National Bank of the City of Yonkers, New York,
has gone Into voluntary liquidation by resolution of its stockholders dated June V6, 1903, to take effect August I. 1903.
5,646—The First National Bank of Fayette City, Pennsylvania, has
«one into voluntary liquidation by resolution of its utookholders dated May 28. lt)03, to take effect August 1, 1903.
4,124—The Boston National Bank of Seattle, Washington, has gone
Into voluntary liquidation by resolution of Us stockholders,
dated July 3, 1903, to take effect at the close of business,
1
Ancust 8, 1903.
5,191—The Coal and Iron National Bank
of Cleveland. Ohio, has gone
Into voluntary liquidation by resolution of Us stockholders
dated August 4. to take effect August 15, 1903.
974—The Massachusetts
National Bank of Boston, Massachusetts,
has Kone Into voluntary liquidation by resolution of Its
stockholders dated Aug. 5, 1903. to take effect immediately.
4,649—The First National Exchange Bank of Plymouth, Michigan,
has Bone Into voluntary liquidation by resolution of Its
stockholders dated July 30, to take effect August 20, 1903.
INSOLVENT.
Insolvent,
Receiver.
is
and was on July 30, 1903, placed In the bands of a
4,535— The Naveslnk National Bank of Red Bank, New Jersey, Is insolvent, and was on August 14, 1903, placed In the hands of
a receiver.
5,841— The Citizens' National Bank of Beaumont, Texas, is insolvent,
and was on Angust 20, 1903, placed In the hands of a
receiver.
4,269—The «^roesbeeok National Bank, Groesbeeck, Texas, Is insolvent, and was on Angust 22, 1803, placed in the hands of a
BreadstiffB Fl^area Brongnt from Pagre 1313.— Ttit
Btatemeate below are prepared by as from fignree ooUeoto')
bf the New York Produce Exchange. The reoelpts at
Western lake and river ports for the weekending Oct. 17,
and alnoe Aug. 1, for each of the last three years have been:
Beceipttat—
13S655.4S1
18,U81J.139
)ati
•
iaxXn
"
»T«.
"
42,l7it639
8.8S0.900
8,680,870
41,1H4.157
l,80M,0e5
8.700.037
>l8.f4i37S
61.108, 04
8.0H8.75»
3,324,251
88 864.081
142.406.186
65.391,230
8,641,020
8,888,468
"
912.036.103
167.904,761
300.017.061
800.881,870
Totalsraln
The exports from the several seaboard ports for the week
mdlng Oct. 17, 1908 are shown In the annexed statement:
,
OtTfi,
Jiaur,
Ma>9ort*
tfm- b»$%.
bulk.
Saw York
157050
Soaton
180,058
670.614
224.607
115,714
186.988
102,000
11.784
bblf.
85.831
6.043
4.308
IS.SHO
64,361
63.M00
8,643
80,668
49,3 SI
0.070
1,008
8.008.493
110,618
816.770
881.711
Portland, Ma.
88.000
^klladalphla,.
s^.ooo
taltlmor*
88,000
(aw Orleans.. 458.000
Bkl«.ie6
Ibt
ChlcaKO
186,017
Mllwankee..
Dolath
70.105
164,000
Minneapolis.
Toledo
Detroit
Cleveland ...
Bt. Louis ....
Peoria
Kansas
6.800
10.301
48.889
Tot. wk. 1903
Bamawk.'Ol.
Since Avg. 1.
853,533
738,900
606,915
578,970
153,600
20.050
792.631
148.600
118.000
28.560
60,400
6,600
lewo'rtNews
Kontreal
talveaton
410.381
811,800
Mobile.....
ToUl weak., 1,64H,496
)amatlma'Oa..8,889.00S
611,530
198.200
174,000
110,000
38.400
826,000
03,400
101,800
8.200
106.060
833.450
283,380
2,818,103
4,419,517
8.438,357
8,993.256
2,930,677
2.468,842
616.703
6.160.210
2.064.014
3,160.564
1.878.540
63,301,576 43.636.365 40,871.189
01,149.347 20.310.572 54,063.606
80.587.046 85.6S0.013 43,806.668
10,038.185 1.897,374
15.111.470 8361.920
14.789,835 8.967.073
The receipts of flonr and grata at the seaboard ports
tbe week ended Oct. 17, 1908, follow:
..^
B:iiton
Moatraal..,
.««,
PiUadclpkla
sltlmors
Rlakmond
.Jisur,
^a«at,
186.686
43.008
£3.646
440,876
48,062
kttffc.
HswTork.
.^^
.«««
.»..
.^.
Orlsaoi
aw
Havport N«wi....M.
Norfolk.
68.2'4l
99.0a2
2.8
i3
12,404
so.cea
2.648
Mobile
Total weak.....^.
Week
1008.
0»T%,
ku«)i.
43A800
60.8^6
416,788 8,930.104
610,800 8,771,537
1.741.838
lii,V93
4.808
1.908
Oati,
)>uik.
879.800
184.250
15«,107
444,870
261,829
78.262
10.000
115.714
707.200
88.000
'»«IT«ltOII
PjTtlan4.Mt
i.^Hg.oie
31.714
48,956
59.042
13^,000
31.604
20,973
1,055
P««l.
BwUl
bi«t)k.
bu*fc.
18.413
8,876
86,612
"778
,
8,571
SO
8,800
92.341
74.848
338.081
38,987
58,611
14,186
40.627
18.786
183,648
The destination
lalyl, 1908.
Is
of these exports for the week and since
as below:
Hour.
'
>
w«*k and t4n«« Oct. 17.
July 1 to—
bbU.
anltad SlnsdOB 814.587
Jontlnant
41,488
Total
1, 1003.
Oct. 17
bbU.
btMh.
1,
8.493
816,770
891,711
4,705,167
5,007,831
1,643.495
8.889.U03
r.M.Am. Colo'i
Ukar eonntriei
7C0
-Oom.
->
WtA
S4n«« Julv
1.148,842
895.853
18,282
83,285
Total 1001-08.,
Week
8.167.463
663.481
288,110
888,877
46.3»7
182,820
a 0. Amarlaa.
l?ait Indlea
i.
Wh$at.
.
W»tk Bine$Jniv
m»99rt»for
1008.
Oct. 17.
biMh.
bvth.
17,610,557
8,485.821
6,966
1,061,950
025,617
48
88,782
150
S,U48
140,168
>
8int» J*iv
1, 1008.
biMh.
7,105,95?
e,124,65i
98.48;
310.252
53.88°
641,88^
26,10 l,B12 8,003,493 17.482,089
110.168 1,216,841
60.885.696
The visible supply of grain, comprllsing the stocks In
^anary at the principal points of accumulation at lake and
leaboard ports, Oct, 17, 1908, was as follows:
ii»itar«ct—
law York
Do
afloat...
4oiton
PklladelpUa
Saitimora
Cam,
bulk,
bufk.
Oati,
iuth.
678,000
208,000
641,000
'95.000
'76,000
861,000
«06,000
89 nnr.
118,000
66 000
"86,066
262,000
789,000
.-..
650 OOO
1,606,000
}aiveaton
62,>»'i>
....^,
MLontraal
Toronto,
fiarl««
huih.
buiJk.
3,000
36,000
3 000
04,000
1.000
.-..
>«^«
Hail Oriaana.. .«...««.
1.000
1,176,000
•nflalo....
Uo
Do
WhMt,
84,'JUO
174,000
206,000
1,000
'26,b'e6
1,833,000
i.dos'.ood
59,000
064,0d6
469,000
1,954,'Qdi
'so.o'o'o
'14,000
"7.000
afloat
480.000
folado
afloat..,.^
.......
174.000
latroU
afloat
Do
Do afloat
tfllwankaa
DO
afloat
114,000
sssjood
"0.000
467.0M
1.818.00C
2.887,000
1,000
571.000
58.000
i,e6o.o«6
11,000
58,000
i.osV.odo
71,000
'e8,d«'o
088'.'ddo
78,000
i6,ooo
68,000
52,000
461.000
44,000
1,728,000
1,015,000
643000
88,000
17.1903. .22.236,000
8.U2.000
7.880.000
6.821.000
7.755 000
8.044,000
19.310.000
..
afloat
4,820.000
8,300.^0"
98.000
I,0l2,ioo
2,ooo
et. liOnll
afloat
KantaiOltr
Peorta
[ndlanapolla
)DMii8iiilpplBlvar.
S38,ooo
•.•
000
jBLakea
Oct,
Oct.
Oct,
Oct.
Oct.
4'e'2,'o'd6
-
•ninth
Total
Total
Total
Total
Total
67,000
878.00*0
....
UlnaeapoUa
Do
233.000
278.000
n.Wlirm*Pt.Arth'r
Do
181.000
1,856,000
...
2,121.000
1,488,
..
10. 1903.
20.-*fl8,000
8.393,0110
1901.
27,654,000
10.1901.
20,1900.
S0,.'i93,OOO
8,231,000
13,44m,000
8.914.000
18.
68,313.000
17.000
'
98.000
2,000
1,000
'88.006
0,000
690.000
477.000
981.000
068.000
1.040.000
4,889.000
4,059,000
B.OHH.OOO
2,5S6,000
2.605.000
60,000
J.8t}n.<l00
1.017,0n0
in Total of, and in Deposited
Etc.—
give
below
tables which show all the
Bonds,
We
monthly changes in Bauk Notes and in Bonds and Legal
Tenders on Deposit. The statement for Sept., 1902, vHll be
found in the Chboniole of Oct. 11, 1902, page 775.
Bond$ and
1902-03 for Bank Circulation.
838819
8.193041
6.374.8*7
5,440.014
872.>'S8
338.696
1,638
Legal Tender ton Depotil
7.298.677
4.747,002
48,037
80,000
3S.623
4,000
478.488
527.S39
1902.
00
Norfolk
112,862
44.814
286,840
8.800
Jiv<.
Bu«k.481i>9 Bu.56 Iht
1,867,100
162,255
060.600
X808
1801_
1,805.509
43,700
480,898
11.830
Clt7.
Same wk. '02.
Barlty.
Oatf.
BwKmibt muKMlbt .SMk.38 Ibt
029,650
421.880
8,378.895
1.871.880
66.600
168,079
3.695
80.'
Oatt,
bulk.
Bank Notes— Changes
Com.
TThMt.
TUyur.
1000.
17,648,030
107,220.388
' aanal and river.
receiver.
17,748,80}
8S,i2.*.2a3
miaaKO
573—The Doylestown National Bank, Doylestown, Pennsylvania,
16.014,007
80,318,865
,
CHANGE or TITLB OF NATIONAL BANKB.
1,504— The Merchants' National Bank of West Virginia
compare as
bnsh.
"
3orn
6,930—The
,
bbll. 16.663.887
fllMt
J. Millar, Cashier.
First National Bank of Dlokson. Tennessee.
Capital,
»2^.000. Pitt Henslfe. Prpsidsnt; 8. E. flnnt, Jashler.
6,931—The First National Bank of YorkvlUe, S'lUth Carolina. Capital.
$50.000.
President; R. C. Alleln, Cashier.
6,932-The First >'atlonal Bank of Hamilton, Kansas. Capital,
$25,000. B. B.Anderson, President; Perry Olemans. Cashier.
6,933—The First National Bank of Grand Meadow. Minnesota. Capital. $25,000.
President; G A. Wright, Cashier.
6,931— The First National Bank of Hallook. Minnesota. Capital,
$25,000. D. E. Tawney. President; Charles Dure, Cashier.
6,98S— The Miles National Bank, Miles, Texas. Capital, $^6,000.
Henry Wilks Robinson, President; Arthur Howard Lewln,
Cashier.
The
First National Bank of Harvey, Iowa. Capital, $25,000.
6,936—
Hei man Rietvold, President; Robert G. Emmel, Cashier.
6,937—Ths First National Bauk of Webster, Pennsylvania. R. A.
Cashier.
Rat!kln. PresUlent;
6,938—The First National Bank of Hopedale. Ohio Capital. $50,000.
Cashier.
William J. Stringer. President;
6,989—The First National Bauk of ClarKs, Nebraska. Capital, $25,000.
O. W. Eaton, President; W. Chamberlln, Cashier. Conversion
of the Merilok Conuty Bank of Uiarks.
6,940—The First National Baok or Clinton, Oklahoma Territory.
Capital. $25,000. T. J. Nance, President; Chas. W. Goodwin,
Cashier.
6,941—The Citizens National Bank of Spenoer, Iowa. Capital, $50,000.
Franklin Floete, President; Ackley Hubbard, Cashier.
[Vol. lxxvii.
80,036
17.7Z4
fi0,085
71,413
86.086
8,6a0
Barity,
k«lh.
for
kMA,
40,600
6,091
22 0^9
18,000
7.548
..„.
4.441
Bonds.
Sept
381,484,830
Aug. 31.. 831,486,430
July 31.. 380,173,030
June 30.. 375,347,270
May 31.. 367,827,920
Apr. SO.. 352,696,120
Mar. 31.. 342,160,770
Feb. 28.. 342,164,670
Jan. 31.. 342,903,520
I>eo. SI- 844,252,120
Nov. 29.. 343,018,020
Oet 31.. 338,452,670
Legal-
tendert.
Bondt.
9
9
40,910,711
38,511,658
39,739,661
41,375,242
42,856,218
43,587.373
44,169,444
44,138,484
43,385,607
42,801,940
43,754,103
44,693,145
379,515,824
380,076,322
377,606,826
372,295,408
363,586,987
40,910,711
38,511,653
39,739,661
41,375,242
42.856.218
43.687,373
44,169,444
44,188,484
43,385,607
42,801,940
43,754,103
44,693,145
34.7,564,365
338,849,814
338.660.361
340,587,939
342,127,844
341,100,411
335,783,189
ten ur$.
Total.
420,426,535
413,687,975
417,346,487
413,670,650
406,443,205
391,161,728
882,519,258
882,798,846
383,973,546
384.929,784
384,854,514
380,476,334
86,174
,
For
Dec.
6.000
80,000
11,764
723.628
1,039.8SS
30..
Legal-
Oireulation Afloat Tinder
08.860
106,012
64.168
210,108
full explanation of
14, 1901,
page 1282,
the above table see Cheoniole
item in Financial Situation.
first
The following shows the amount of each class of bonds
held against national bank circulation and to secure public
moneys in national bank depositories on Sept. 30.
—
Oct.
24, 1903.
THE CHRONICLE.
|
Bonai Beld
V. 8.
Bofidson Deporit
Sept. 30,
Bank
Deporit*
in Bankt.
IPtitlie
Sept. 30, 1903.
1903,
to
I
1894. due 19041
f4,347,460
$858,650
4 per Ota., funded 1907.-!
A p. Ota., 1895. due 1925;
3 p. ot8.,'98, due 1908-18J
3 p. ots., 1900 dae 1930.
4,873,900!
11,422,550;
8,032,S20'
8,157,700
1,596,100
2,229,080
378,654,300
1
5
p. Ots.,
106,780,400
1,694,000
18,274,052
8,800.000
8-658 Dlat. Col., 1924...
^ State A City
•Philippine iBl'd Certirs
$5,205,100
8,031,600
13,007,650
10,311,600
483,374,700
1,694,000
18,274.052
5.800,000
$381,484,830 $545,699,702
$164,314,872
Total.
seourity for deposits |174,918,872.
The following shows the amount of national bank notes
afloat and the amount of the legal-tender deposits Sept. 1
and Oot.
month
1,
and
their
or decrease
increase
Amoant
Amount
;
September in 1908 and
to
Mnroh
84,520,H00
2,078,300,000
April
73.731,100
8,3^8,200.000
May
42.711.300
24.760,200
63,970.700
40.976,200
3,832,000,000
4,001,200,000
8,575,500
7,091,900
September 71.287,800
6,531,000,001)
10,767,200
rao.K.. 440,541.700
3^,6^4,300.000
69,010.C00
January... 67,024.400
February.. 37.123.300
4,627,100,000
2,826,200,000
March
66,333,000
4,794,400,000
April
43 033,300 3,611,600,600
7,412,600
6,287,200
May
40,939.000
5,649,100
Oot. 1 , 1903.
0,837,200
4,037,000
3,070,800,000
5,120,900.000
3.359.800.000
55,486,700 3,908.900.000
51,803,000 8,653.800,000
48,851,700 3,150,300,000
87,976,600 2,3ll,70i',000
6.836.«00,100
36.701,600
78,818
8,338,100
615,000.000
8,733,800
0.149
6,900,800
489,900,000
506,300,000
8,880,700
7.840
6,181,400
0.605
476,300,000
441,300,000
3,609,000
8.746
8,081
7,043,:'00
483,374,600
458,500,000
3,357,700
4,834,500
4.410,300
6,583,400
4,644,300
888,700,000
283,700.000
4,606,800
8.677
8,278,400
8,402
4,306,574,600
35,373,000
80,760
6.832,400
$4,211,085
1,812,027
redeem national
1903
2.399,058
$40,910,711
-,
She«t*
-Balances, one side.Cash. Cleared
Value Shares.
Shares, both sides.
Total Value.
,
Oot.
Oct.
12
2,803.0[)0
13
2,833,200
Oct.
14
1,910,«00
Oct.
Oct.
15
16
1,507,600
Shares.
$
164,400,000
151,800,000
1,537,000
Wk.
by banks going into voluntary liquidation,
And (3) by banks reducing or retiring their circulation,
'was as follows on the first of each of the last five months.
Oct.
Oct.
Oct.
Oct.
Oct.
ring insolvent, (3)
July
Aug.
1.
Sept. 1.
1.
Oct. 1.
16,400,000
12,000,000
10.000,000
9,300,000
$
285.330
160.500
116.300
118.300
89.700
62,800,000
176,800,000
1,649,100
2,167
2,196
671,100
200,900
183,700
153,900
108,600
468
489
485
435
898
1,808,200
2,160
880,900
2,087
16,100.000
685,500,000
1.222,700
1.260,700,000
2,009.700
10
30
4,088,300
260.400,000
181.900,000
21
2.123,900
26,300,000
18,100,000
14,300,000
22....
2,464.300
23
1,561,200
472,000
82^,400
238.600
272.600
108,100
1,603,700
90.400,000
162,400,000
2,619,200
Total week. 12,84H,800
Wk.
108,100,000
03,900,000
89.800,000
304,000
831,900
210.500
189,900
186,400
last yr. 14,831.300
Total week. 10,671,400
by banks becom-
legal tenders deposited (1)
1,
0,760
0,660
STOCK BXOHANGK OLEABINO HOUSE TRANSACTIONS.
1903$38,511,653
to
1,
9,097
8,657
9,139
Cleared.
Amount on deposit
2,860,000
6,462,000
8.741,100
1,806.000
4,077,800
3,540,400
6.150,000
58,688,400
0mo3..48(*.82H,500 32,141,600,800
$420,426,535
deposit to redeem national
banfe notes Sept. 1,1903
.Amoant ileposlied dnrlnis September
.-Amt. of bank notes redeemed In Sept'mber
June
6,545,100
11.483 000
0,876
8,012
8.842
0,616
8,700
7,984
4,178,800
2,960,700
1903-
1,838,660
Legal Tender Notes—
jLtffOl Tend's.\
630.200,000
6,501. 000
$418,587,975
$8,647,885
6,708,826
Amoant on
The portion of
7,690,500
62^,700,000
460,000,000
006,400.100
615,400,000
344,600.000
775,400,000
628,500,000
948,400,000
July
AllRUSt
Sheets
Cleared.
Cash
$
100'.iJanuary... 50.811.200 4,306,400,000
Kebruary.. 41.702.900 3,448,500,000
August
September
Issued daring September
retired during September.....
bank notes Oot.
^
,
Total Vnlue.
Cleared.
July
.Amount bank B0t«8 afloat
1902.
Shtirea, both aUles
.
during the June
of September.
HaHonal Bank yoiet— Total afloat—
.Amonnt afloat Sept. 1, 1903
.
subjoined statement include.s the transactions of the Stock
Exchange Clearing-Honse from Oct. 12 down to and
including Friday, Oct. 33 also the aggregates for January
June
The foregoing doea not include the bonds held in the
New York Sub-Treasury against deposits in banks. There
were so held on Sept. 80 $10,704,000 bonds, making the whole
amount at that date in possession of the Government as
'
Stock Exchange Clearino-Housk Transactions.— The
Stt-un
total Held.
Oireulation.
1271
last yr. 19,283.300
134.000,000
164,000,000
96,900.000
807.200,000
1,152,800,000
4C3
709,100
17,900,000
14,900,000
1.778,500
446
447
428
438
Depoiiltby—
661,248
584,198
539,448
701,938
504,493
jUquld'g bks.' 11,955,098 12,350,673 12,364,469 12,245,365 12,683,702
JbiBOlv'ntbks
I» 1
I
V
»ND8
I ]>
.Bed'c'gund.*
74.130,199,182 28,363,821 26,800,994 25,726,840 27,722,616
actof 1874.130,199,182
Total.
...
Name
L2.856,218 41,376,242 39,739,661 88,511,653 40,910,711
*Aot of June 20. 1874. and July 12. 1882.
FoBKiGN Trade OF New York
When
of Company.
addition to the other tables given in this department, made
up from weekly returns, we give the following figures for
the full months, also issued by our New York Custom Housei
The first statement covers the total imports and exports of
mercJtandise and the Customs receipts for the nine months
of the last two seacons.
New Jersey (qnar.)
Dayton, pret (qnar.)
Grand Gapld.s & Indiana
Ham.
do
do
(guar.)
(extra)
Plttg. VirMlnlaA Charleston
St. Louis <fe San Fran., 2cl pref. (qnar.)
Twin
Month.
N«W YOKK.
Hanks.
American Exchange National
Jaanary...
Vttkmary..
t
C
60,161.083
61.«40,41«
1003.
$
47.083,744
1002.
1903.
t
42,852,497
16,616,118
1903.
t
14,650.604
10
4
National City
N. Y. National Exchange (qnar.)
2
2
American Glne. com
April
68.614.084
May
47.880.006
48,5li0,186
Jane...
47.9i0,674
44.ri09,83e
39,743.663
36,610.782
12,861,271
12,834,019
July
60,868.186
48.870,900
87,816.937
S6,608,eifc
SO.260,068
60,310,827
15,988,581
16,228,701
16,047,170
42,100,054
88,385,160
35,847,167 18.814.962
40,636,486 16,378,47£
44,182,346 13,406,352
41,295,024 18,402,304
41,840,867
45,588,579
46.669,342
37,676,464
38,843,95(
15,629.889
16.1P9.614
Septemhor. 47.«95.127 63.35 l,64e
48,156.250
40.857,46C
15.393.122
AvRnst
Total-
47,673,045
14.038.660
14.483,1B0
13,581,463
12,866,316
454,400,769 420,900.043 371.654.288 356,623,230 131,306,407 131,803,612
silver for the nine
Gold motbmknt at Nkw York.
SILVKB-Nlw YOEK
:
Imports.
1008.
Janoary....
rcbrnary..
March
April
May
/one
JxUy
Angnit....
September..
Total..
B
),
2
Exports.
1008.
1003.
t
886,4Ce
t
184,874
t
30.684
1902,
t
1.959,766
Oot 26
Nov
Nov
3
3
Oct 16
Dec
1
Nov 16
to
Nov
Nov
Nov
Nov
Nov
2 Holders of reo. Oot 24
2 Oot 21
to
Nov 8
1 Oct 27
to
Nov 1
2 Oct 22
to
Nov 1
2, Oct ai
to
Nov 1
Nov
Nov
Nov
to
Not 2
Holders of reo. Oot 29
Oot 25
to
Nov 2
81 Oct 24
to
Nor 1
31 Oct 34
to
Not 1
16 Nov 6
to
Not 15
1^ Oct
let pref. (qnar.)
do
do
2d pref. (qnar.)
Cleve &. Sa^ndnsky Brew., pref. (qnar.)
Detroit City Gas
Huiison River Telephone (qnar.)
National Carbon, pref. (qnar.)
Procter & Gamble, com. (quar.). .......
United Electric Securities, pref
U. 8. Cast Iron Pipe & Foundry (qnar.)
United States Express
U.
8.
Steel Corporation, pref. (qnar.)..
Washington
*
(D. C.)
Gas Light
(qnar.).
Transfer books not to be closed,
Exports.
1003.
1908.
*
260,401
t
3.046,075
741,928
238,66?
1.473,384
7,874.261
13,004
3,511.501
8.664,78»
528,076
897,887
4,706,53*
835,039
811,476
2,626,283
336,464
888,813
2,3^8.202
3,358,536
430.783
98.314
615,894
11,837,970
140,170
10,034,174
685,806
49,802
438,835
419.676
3,044,068
X,4'<8,223
1,491,826
151,84-
313,361
7.489,768
7,567,092
204,883
2,868,761
826.309
813.822
1,567,048
517.528
1,7/0,813
383,426
1.411,810
428.347
534,688
16,200
404.297
1,959,584
6,734, 1«7
3,403,76'
tS.741.011
26,881.831
8.082,579
22,437,231
1»4
3
1
2
1'4
60c.
Nov
Nov
Nov
Deo
l!
2,
11
2 Oct 23
to
Nov 2
14 Nov 6
to
Nov 16
14 Holders of reo. Oot 31*
2 Holders of reo. Oct 2i*
llNoTll
Payable in
scrip,
t
4 Leather
Bk..316
10 Bank of America
606
14 Nat. Bank of Oommeroe.214
2U. S. TrnstCo
1491
2 Jolkt A ChleastoRy. C0.I8214
2 Standard Oil Co
637
4 Lackawanna Steel Co.. 68
11
Lackawanna Store Aseoolat'n (f>0 p.
0.
7 Tredegar Co. of
mond. Va
Not 30
Not 18
Nov 16
to
to
to
to
Nov 16 Nov 1
Nov 16tOct31
Nov I'Oct 18
Correction.
& Son
:
Stocks.
.
Imports.
t
l»a [Oct
l^a Nov
2ijt Nov
l^a Nov
2 Oct 22
Auction Sales— By Messrs. Adrian H. Mnller
stocks.
Mfrs.' Nat.
The imports and exports of gold and
months have been as follows
MONTH.
$2
Butte Kleo & Power, pref. (qnar.)
Chicago Edison (qnar.)
'.
43,698.104
63,461,663
46,9T8,C62
MMOh
1
Nov 14 Oot 81
4
German la
Claflln (H.
IdQi.
1
Nov 2
Nov 9
miaesllaiieonsa
CcrSTOMB RKOSIPT*
AT NBW YOHK.
Export $.
import*.
1008.
to
Oot 34
to
1 ^j Oot
26 Oct 18
to
1 la Nov
a Oct 24
to
>aN0T 2 Oct 24
to
3>aNov 1 Holders of reo.
1
Deo
to
1 Nov 17
Wtr^et Rall^vayii.
City R.T., Minneapoii8,com.(qu.)
Pacific (qnar.)
MBBCHANDISi: MOVBMltNT AT
2 Oct 24
IV'NOT
<fe
Northern Pacltlc
Nov
2
Central of
CiD.
Bookt Closed.
(Day* IneUuive.)
Cent Payable
Rallreads (Steam).
— Monthly Statement. — In
.
paid). $8 lot
Rich-
32
25 Nat'l Citizens' Bank ....I6OI4
101 Phenlx Nat'l Bank
10014
50 Holland Trust Co. (asseasment paid
$235
8 Metropolitan Trast Co...'>75
70 Adirondack Land & Invest. Co., $2.5 each ..$126 lot
50 Phenlx Ine, Co. of Brook240
lyn
25 Woodlawn Cem't'y.$l49 p. eh,
10 Northern Nat'l Bank.... 120
677J4
3 Guaranty Trust Co
ICO
5 Federal Bank
50 Lawyers' Mtge. Ins. Co. 165
25 Farmers' Loan & Tr. Co.. 1440
200 Clarke Automatic Scales
Co
$10 lot
20 Bond <b Mtge. Quar. Co.. 300 it
12 Title Guar. & Trust Co. .436
8 Bank of America
501
Bonds.
$3,000 State of Virginia
funded debt 38, redeemable
1900, payable 1932; J&J. 9278
$6,000 Oltv of Savannah Ss,
1909; QF
105!%
$1,000 City of B'klyn public
park 6b, 1924; J&J..134i4&lnt.
$5,000 Ballston Term'al RR.
Co. let gen'l 5b, 1931 Jan.,
1903. coupons on
S251 lot
$1,000 Hudson River Water
;
PowCo
lfit5e,1918;
M&N.IOO
$100,000 Morgantown Tin
P:ate Co. ist M. 68, 1923;
J&J
22i«
$7,000 42d St. Manhat. & St.
Nicholas Ave. Ry. Co, let
6s. 1910
107%
$2,000 Brooklvn City RR. Co.
Ist OODBOl. 5« 19<1
10738
.
..
6
)
..
.
THE CHRONICLE.
V212
New York City Clearinsr House Banks.— Statement of
condition for the week ending Oct. 17, 1903, based on avers^ge of daily results.
He omit iwo ciphers (00) in all
eases.
[Vol. lxxvu.
New York
City. Boston and Philadelphia Banks.— Below
a summary of the weekly returns of the Clearing House
Banks of New York City. Boston and Philadelphia. The New
York figures do not include results for nou-member banks.
is
omit two ciphers (OO) in all these
ir«
BAXKS.
Swrplu*.
Capital.
Loans.
Legals.
Specie.
r
Deposits
s-ve.
$
9
*
Bk. of X. T.
lUnluK. C4)i
2.000,0
2.443,1
2.o:>o.o
2. -139.8
Meroh.^nW
2.OOO.0
)lts.-h&mc«'.
2,IHK>.1»
1.347.0
2.747.S
Amoric*
PhiH'on
3.5U,2
...
1.500.0
1.000,0
J
25.000.0
10
..
Sv^kt.O
:
Mei«h.Kx.
600,0
1,000.0
City
Cheouoal
O^lIW^n
Bat.ADro«
;i
.UU.3
2,207,2
124.2
S<»0.0
Mech.ATrsJ
Qr«<eBwun
7,.
-0.-^
1
-
-.
'
Oomm^rce. J
Mercaaule
422.7
450,0
..J
2l>0,0
K. America
2,l>lH>.(.)
••1
1.050.-".
43,935,0
5,920,0
li-.t;
O.S53,4
>iK\V
,:'.:;,o
•-.598.4
K»r.<»F«itt
l.OtH'.O
:..4S.5
8llo«<hIitlU'
1,000.0
.Ho..-*
2.0lK),0
.',-Sl>.8
...
<^tiaems'
..
1.5.50.1'
...i
^kSSMl
3,000.0
Imp.
<<k
..J
Tra.
..
Second
...:
First
l.;-.0>>.o
(.>.'.-.3
•J50.0
14.i,l
-.'.no.i
Y. Co...
0«riti&n An
'
0«naaBi»..
lOO.O
200.0
200.0
UncolB
3<.>0.0
!
GfcrfieM....
l,Ol>O.U
1
250.0
Bk.o(Met..
l.ih.10.0
VTesl Side..
Seabeanl
1st
..
X.BUyi
N. Y.Pr.Es
51.S,7
1,338,8
582,6
1,901,1
507,9
578.S
523,2
1,000,0
500.0
Ami St.
Astor
350.0
Tot»l
t
2iX),0
500,0
3l>0,0
l.tH)0,0
Liberty
Xew
S90.3
773.5
651,0
492.3
3,762.9
1,659.4
659,2
873,9
1.309.4
1. 289.2
370.6
1.394.2
7oii,0
l,tHH>.0(
Chi«e
TifUi Ave..
1.0:;3,0
602,2
1.304.1
13.412.6
i.''i»o.o
•2:ni.O
•JlK'.O
Bowerr „J
li.
0.2.8,6
5,450.4
21,401,0
5.898.2
22.589,0
56.324,0
i'J6.9
Lvi'iH',1'
3.000,0
1.000.0
300.
10.000.0
N.Y.Xt-Eij
FifUi
'
i-.."l..i'
Kirer
Toartii
Central
'
7,"<v>.0
F*rk
Sftst
:;o7.>|
1,IH>0.0
Om Szdi
Orient&l
731.9
452.5
296.0
351.3
753.9
3,071.0
19.625.0
3,718,3
274,4
476,5
101,1
1.574.3
8,302,2
799.4
1,326,9
223,0
1,058,2
1,742,6
3,726,0
139,3
3.635,0
13,065,0
142.4
4.4:o.0i :;-.5:9,
3.0S3,2
i;oo.5
5.021,5
1.0S7,4
2,197,4
o'.U.O
2.045.1 13.726,2
o,0<.K>,0
.H*noTer
iTTtB*
7 -J 8,9
._\o
H'.-
•
2M
3.SJ4.-:
752.0
28.819.7
5.357.0
4
2.'>.ooao
PmciSc
3.192.0
.1
-
17,146,7
10.126,0
9.320,0
72,975,9
6,692,6
2.706,0
4.243,5
3.594.2
37,886,5
8.4S8,2
2,834,5
3,034,9
10,347,6
7,103,5
2.423,2
7,560,9
3,205,0
11.569,0
4,254,0
9,950,1
4,484.1
5.927.1
4,913,0
$
1,679.0 16.238,0 24-5
2,179,0 24.371,0 o45
1,137,5 13.581,7 -•8-8
1.449.0 13,474,0 34-4
2,212.7 22,327.9
267.0
3.631,0 2 8
6.380.3 123,934,7 28-4
1,783,6 23,702,8 301
5,25it,-J 25-0
588,9
568,3
4.814,5 2V-0
51,2
2.341,3 21-5
374.0
3.911.0 17-1
241.2
1.694.9 34-9
397.0
4,472.0 25-7
1.819.0 21.794.0 2-J-4
7.702,8 109,162.8 25-0
l,143,s 19,472,4 24-9
508.2
3,829.3 20-4
837,5
5,368,0 24-4
454.7
2,422,6 22-9
1.711.7 12,015,8 27-3
6.014,3 51,559,9 27-7
459,2
5,058,0 24-8
537,6
7,426,? 250
307,0
2,875,4 18-4
587.6
6,170.5 20-6
196,9
6,706,0 28-9
3,523,0 29,181,0 24-8
890.7
5.140,5 20-0
1,182.0 19.451.0 24-7
3,969,0 62,666,0 27-1
168,2
1.137,8 27-4
2,36&3 18,574,8 27-4
663,0 11,481,0 23-5
1,120,0
9,888.0 24-6
2.417.7 68,696,6 32-9
499,1
5,773,1 25
263,0
3,070,0 20-5
354.0
4,742,0 22-4
226.1
3.464,8 24-7
1,955,0 45.610,1 27-6
307,3
9,142,4 260
470,0
3,258,2 19-1
577.7
4,813,1 20-7
1.488.9 10,264,1 21-5
364,9
6,853,6 22-9
176.4
2,331,0 22-5
405.8
8,554,8 23-9
327.0
3,509,0 25-1
1,581.0 13,225,0 26-5
498.0
4.310,0 23-9
240.0
8,307.3 25 1
310.8
4.430.7 260
470,4
6,164,7 21-9
104,0
5,059,0 22-9
6.2.57.0
2.7S.5.B
;.o
.
lk^l.^'
."i.OiJii.li
People's
A
:
.'u'v'.r
XMtk.Mrrs.1
"i
$
$
2,S02.0
17.469,0
19,437,0
11,776.9
12,085,0
20.29O.9
<, 954.0
191,7
.921,6
5,053,6
7.459,3
2 1t;i'.2
P.C.
2,7:; 2,2
2,041.0
1.312.0
18,596,8
944,4
369.0
710.0
630,1
10,651,8
2,078,8
155,0
419,8
725,5
1,216,5
348,9
1.641.0
571,0
1,929,0
532,0
1,851,8
842,9
881.6
1,055,0
115.572,7 129,874,3 908,265,5 171,870,8 68,605,3 t8917714 26-9
. .
Total Uniwil Sl»«« <J<!ipo«rjt« incladed .$37,237,900.
—
Reperts of Non-Member Banks. ^The following Is the
gtatement of condition of the non-member banks for the
n-eek eaiing Oct. IT, 1903, based on average of daily results.
We omit ttco cipKers COO J in all cases.
CapitalsB-OCKS Surplus.
Loans.
N.Y.
$
Sep 26
Oct 3
Oct 10
Oct 17
Bos.
Oct 3
Oct 10
Oct 17
$
247.506,0
247,500.0
245.447.0
245,447,0
917.047,7
912.903.1
913!l0i;5
908i265i5
Capi-
Bur-
OOs onuttedj
tal.
plus.
Jnvett-
Jjepositrcith
Leg. T.
Specie.
iL-Bank CUar'g Other
ments.
N. Y.
yet
Deposits
$
Borou^lhso''
s
100,0
300.0
100.0
»
$
•.iOO.O
271.0
116.4
2,270,1
3.423,0
1,498,3
1.757.3
2,286.6
J. 144,7
2.262.9
1.293,4
2,785,0
1,055,»
7,028,0
1,507,0
1.343.1
1,833,5
667,1
lOO.O
FeffersoB ...
40O.0
Century ...
100.0
Wash. Hxti
100,(
UAUedNal! 1 000,C
64.3
256.2
53.2
121.4
206,5
730.0
1.822,5
385,5
602.8
2,017,0
317.3
2,092,7
1,450.2
2,854,6
5,559.3
b87,2
3,988,0
2,842.0
895,5
1,167.9
614,3
•988.8
1,381,2
Colonial . .
Colamliia ..
14th street
Bansevciort-
Hamiito*
M.C
2»H>.0
20".
.
209.2
270.0
110,5
64,0
•
;
-
;
Morns
Mntu.il ...
19tU Ward
Pl&za
Kirerside .
2ii
_'i
l'»
I2th Ward
l3d Ward.
York nil e .
10
100.0
200.0
100,0
100.0
tHdehly
6t*te
Vanck
...:
...a
49-.
100.5
93,1
$
55,1
230,0
81,2
56.6
129,9
128,0
29.7
25,8
168,0
14,9
410,0
50,0
49,0
30,7
10,1
4,8
8,4
5,4
9,2
215,3
$
175.7
110,0
87,4
99,2
104,0
85.4
$
246,2
272,0
438, J
1-20,5
221,9
268,3
232.6
119,8
145,0
87.6
232,0
209,0
164.2
195,2
37.5
2-54,2
57.7
68,3
19,2
24,8
45,5
81,2
$
187,9
100,0
51.7
100,0
•2,606,2
54,4
2,805,2
2,545,5
1,607,7
3,035,0
1,170,2
7,373,0
3.0
265.4
71,8
48.8
295,0
107,0
111,0
96,0
74,0
49,7
212,9
42,6
l,9-iJ0,0
49,7
1,8
32,3
6
28,8
28.7
90,1
1,598,5
1,854,0
598,1
775,2
1,530.3
353,3
445,6
1.187,7
BcrvugKor
Brooklyn.
Broadway
.
Bro<dLlyK ..
feOrs-'Xat..
Mechanics'
llerch^ts'.
Hassan Xai
IIM. Oity ..
lOO.'i
Korth Side.
Peoples
17tli
Ward
115.0
300.0
252,0
500.0
.
Bpra^neXal
union.
WaUabout
Borongh ...
.
300.0
300,0
100.0
100.0
100,0
200,0
200,0
HKt.O
200,0
16-2.2
532.6
34S.6
51.0
649.6
589.5
167.8
166.2
S0.4
263.4
120.2
72.1
77,8
777.8
1,390,1
13,4
101,8
324.1
140,6
13.3
200.0;
99. 0|
12,5
62.0
9.7
109,1
48,0
44,8
16,3
172,4
55,2
107,4
444,0
65.8
425,0
276,0
60,4
87.2
52.8
14,0
96,2
24.4
86,6
277,4
245,1
487,6
480,2
164,7
865,0
591.0
41,9
204,8
78,5
260,0
134.2
46,4
127,7
25,7
40,0
10,0
23,0
176,0
243,6
67,6
67;7
85,0
182,7
79.1
38.3
2,202,0
1,569,0
3,332,5
6.518,3
1,043,1
4,747.0
3,418,0
1.006,7
1,396,8
656.3
1,070,0
1,514,3
796,0
1,444,9
Borough, o/
Siehmtond.
Bk. of St. Is
IstXat.S.I
TkesetOttc
Xai...
Bad.>Mii Co
Fir.-»i
XatioBAl
.
Secona Nat
Third Xat..
110,3
644,0
735,6
20,9
44.5
400,0 1.031.4
4,000.9
197,5
25(1
2.311,0
1,171,6
1,108,2
67.3
66,8
38,8
51,6
•n.o
70,5
2,722.0
1.107,4
137.8
43,6
51.1
43,2
25,0
100,0
-il
75.5
t.iCi
7
2'j
2'..'
15,0
10,0
74.0
107,5
16,0
587,3
694,6
248,9 1,312,6
988.0
6,051,1
170,0
267,4
416.4
43.8
10.3
4.2
1.829,7
1.131.5
1,409,6
141.5
78.5
21.2
23.'J
2,548.5
1.359.4
HOB0KE3L
First Xat..
Second Xac
110,0
125.0
522,9
143.7
"0
Tot-Oct
Tou Oct
1"<
.
;'n3,r> :;.3l:-' o'4.7r..a.«^
"
"
.«
5,167,0 209,776,0
5,094,0 210.540.0
6,474,0 215,414,0
17,538.0
17,938,0
17,918,0
52,635,4 187,285,0
6.257,0
6.257,0
6,345,0
133,885,4
126,677,5
138,400,3
206,857,0 11,436,0
206,415,0 11,030,0
208.899.0 10,996.0
123.952,2
101,721,1
108.799,9
Piiiln.
Oct 3
10
C>cX,
63,455,0
63,237,0
56.085.0
48,167,1 183.465,0
48,167,1 182.250,0
48.107.1 181.129,0
Oct 17
t Inchidmsr for Boston and Pluladelphia the item -'tine toother banks,"
and also Government deposits. For Boston these Government deposits
amounted on October 17 to $6,419,000 on October 10 to $6,415,000.
;
—
Imports and Exports for tlie Week. The following are
the imports at New York for the week ending for dry goods
Oct. 15. and for the week ending for general merchandise
Oct. 16 also totals since beginning first week January.
;
FOKEIGX IMPORTS.
For
Drv
1903.
tceek.
1900.
$2,572,861
8,685.575
$1,912,708
8. -^0,089
$1,639,456
6.673.941
$9,634,659
$11,258,436
$10,202,797
$8,313,397
$108,607,904 $101,946,064
370,454,584 350,895.688
$86,053,348
359.217.782
$95,381,964
„
Since Jan.
1901.
$1,931,603
7.703.056
Gooils.
General Merchandise
TotaL
1902.
1.
Dry Goods
General Merchandise
Total 42 weeks.
33.3,516.051
$479,062,488 $452,841,752 $445,271,130 $428,898,015
The imports of dry goods for one week later wiU be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Oct. 19, and from January 1 to date.
EXPORTS FROM XE"W YORK FOR THE WEEK.
For the week
1903.
1902.
1901.
1900.
1.343, 060
388. 57-2.495
$10,170,455
375,333.737
.$9,654,939
40-2,630.726
$10,626,149
426,< 05,082
.si
Previously reported..
Total 42 weeks
$399,915,555 $385,504,192 $412.-285,665 .$436,631,231
XOTK. — As the lijrures o£ exports as reported by the X'ew York Custom
House from -week to week frequently show diverprenee from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or dedncting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New Y'ork for the week ending Oct. 17
and since Jan. 1, 1903, and for the corresponding periods in
1902 and 1901.
EXPORTS AXD IMPORTS OF SPECIE AT
XEW YORK
Exports.
Week.
IMPOUTS.
Since Jan.
Great Brit^un
France
Week.
1.
HinceJan.!.
9.728.2 3,354.7 87.904,0
i51.9 3.1s-2,2 >7. 910.4
,05,5 •AS82,4 •>6,391,4
All other countries
Total 1903
Total 1902
Total 1901
!»Uver.
$74,500 $32,930,218
26,023,485
2i6;5o6 29,431,676
,
$9,620
381.813
180.016
4i',i92
6tt4.127
650
55.110
$51,462
$4,152,819
4.850,734
4,039,307
476.3.50
43,165
$44,000
$606,975 $20,494,620
,
France
844
2,500,141
Gennanv
"\Vest
20
3,076.535
1,819,293
58,797
7,675,312
10,300
$70,000
4,500
.........
Grpflt Rritflii)
*2,579
2,929,154
$20.2'89,98i
.
South America
2.593,0
3,606.0
2,036,2
1,936,2
211,6
158,0
Clearings.
\.:'(*
52.6.S5.4 184.821.0
52,63,5,4 IS5.S56.0
Germany
West Indies
CrrT.'
Man&Br'nx
lation.
]
AgenL Bks.&c
A'otes.
Circu-
posits, t
168.085.8 71,819,8 901,345,2 45,686,5 1.039.634,4
167,478.4 70.762.7 897,214,4 45,674.7 1,327,845,7
17i;o03;7
917.2 897.615.1 45.714.8 1,115,735,4
17l|870i8 081505,3 891,771,4 45,723.2 1,125,459,2
Gold.
BAXKS.
Legals.
Specie.
fit/tires.
De-
-2,600
Indies
'"?636
152,751
Mexico
Sfinth \mcnen.
1
All other countries
44,454
959,280
316.966
5,367
79,925
45,371
1.5,200
....
65,820
88o.4o(i
Total 1903
Total 1902
Total 1901
$125,932
$606,975 $24,217,598
6,837,471
671,312
3-^.654.245
611.045
8.183
54.954
'.;
$1,370,911
980,379
3,014.966
Of the above imports for the week in 1903. §21.170 were
American gold coin and $20,636 American silver coin. Of the
exports during the same time $74,500 were American gold
com and
were American silver coin.
Auction Sales.
—See page preceding.
%'ixnkxnq
Spencer
^rilil^IAin
itiid
^tnitnclal.
Trask &
BANKERS,
& PINE STKEEXS,
-
Co.,
NEIV YORK*;
-
Transact a general banking business; act as Fiscal
Agents for corporations, and neo-otiate security
Execute
issues of railroads and other companies.
commission orders and deal in
INVESTMENT SECURITIES.
Members N.
Y. Stock Exchange.
Moffat
Branch
Office. 05
state St
.
Albany.
& W^hite,
York Mtock ExcbanKe,
1 .NASSAU STREET. CORNKU WALl,.
Dcalcrji in Iui'C>i(inciit Securities.
i^Iembera Ne^r
Tet. 582>5;i21 Cortlandu
Teieptione Sioeks
it
Specialty.
^
.
Oct.
THE CHRONICLE.
24, 1903.]
^aulicrs^ ©a^jctte*
For THtUtendt set vagt iiyt
WALL. STllEET, FRIDAY, OCT. -i%^ 1903.-S P.m.
The Money Market and Financial Situation.— The an
nouncement on Monday of the suspension of two Baltimore
trust companies and subsequ»^ntly of banks at Pittshnrgh
and AlleRheny had a depressing effect in Wall Street during
the early part of the week.
Aggressive liquidation followed
Monday's announcement, 'lut when it became known that
the failures were due to specific rather than general causes,
the tide turned, and although the stock market has assumed
a state of extreme dulness, the tone is relatively firm.
For some time past bond houses have reported an increasing demand at the counter for high-grade bonds, and this
demand is row apparent at the Stock Exchange. The trans
actions in the bond department this week include a larger
proportion of the class mentioned than for some time past,
and at steadily advancing prices. This investment demand
is understood to result from a general conviction that the
monetary situation is more satisfactory, and that no stringency is likely to occur in the near future. Additional evidence to the same effect is more liberal offerings of time
money and increased purchases of commercial paper by
country banks.
Developments in the local political campaign and President Roosevelt's call for an extra sesssion of Congress are
events that have attracted attention in Wall Street, but
have had no appreciable effect upon the markets.
The open market rates tor oall loans on the Stock Exchange
dnrinK the week on stook and bond collaterals have ranged
from \% to 2^ per cent. To-day's rates on oall were l^i to
SJ.^ per cent. Prime commercial paper quoted at 53>^@5^ per
cent tor endorsements and 6@6>^ per cent for the best single
names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £356,452 and the percentage of reserve to liabilities was 44*90, against 4403 last week,
the discount rate remaining unchanged at 4 per cent. The
Bank of France shows a decrease of 7,025,000 francs in gold
1273
There has been abetter demand for high-grade railway bonds
and the market has broadened and is 8tron>{er under the influence of this demand. The volume of business is not large,
averaging less than *3,000,o00, par value, per day, a fact due
largely to limited offerings of the class in requ st. United
i^tates Steel 5s have been the most active bonds, have fluctuated within a very narrow range, and close with a fracRock Island RR. issues have been notably
tional net gain.
strong, the collateral trust 5.s having advanceil nearly 3
points. Wabash debentures maole further recovery of over a
Union Pacific issues have been conspicuous for
point.
activity and were al^o strong.
The list of bonds which advanced a point or more includes Baltimore & Ohio gold 48, Burlington & Quincy joint
4s, Conso'. Tobacco 4s, Norfolk & Western consul. 4s, etc.
United States Bondn. There have been no sales of Government bonds at the Board this week. The following are
the daily closing quotations; for yearly range aee third page
—
foilowmo.
InUr4al
PtrioAs
2s, 1930
registered
coupon
Ss, 1930
Is, 1930 .sniaJ.regi8tered
ooapon
Ss, 1930 .small
registered
3s, 1918
coapon
88, 1918
88, 1018, small.reglstered
ooapon
3s, 1918, small
reglBlerea
48, 1907
coupon
48, 1907
registered
4s, 1925
coapon
4s, 1926
registered
68, 1904
68.1904
"Tills IS
Q—Jan
Q—Jan
Oct.
Oct.
Oct.
Oct.
Oct.
Oct
1?
19
HO
•Jl
93
:t3
•106 >Q •loo's •106 "9 •106»4 •1071s •107
•106 "a •106»a •106 •<> •106»4 •107»« •107
Q-Feb *i07'ii
Q-Feb -lOSi^
Q-Feb
Q-Feb •ioen
•i07'i« »i07"''^
*i07^ •ibs' •ibs"
•108 >« •108'« •108>« •108»4 -108^
•ib'oH •ioe''^ •i'nei^ •ioeH
•llOVj •llO", •110'q •HOT, '111
Jan •iios •110>« •no's IKl'e •111
Q-Feb -134 •134 •134 '134>« •184'a
Feb •136 •136 •136 •1H5'4 -186»a
Q-Feb •101', •1014 -101>« M01»« •101>*
ooapon Q-Feb •102 "a •102>a •102 Ja •102 i-i •103 If
the pnoe bia at tbe momlnc Aoard: no g»U was maae
Q —.Ian
Q—
Q—
•ib6>i
•111
•111
•134'9
•136V,
•lOl",
*102>9
Railroad and Miscellaneous Stockn.— The stock market
has continued irregular. As noted above, it was decidedly
weak on Monday, a long list of stocks selling down from 2
to 3 points. On Tuesday a reaction set in that has continued
with more or less irregularity and has carried a large proportion of the railway list to a higher level than last week.
The volume of business has diminished, however, from over
700,000 shares on Monday to about hilf that amount, and
and 200,000 francs in <)iW«r.
weakness developed near the close to-day, so that the higher
NBW TOKK OITT OLBARTKO-HOfTBR BANKS
level has not been maintained.
Some of the grangers have been strong; notably North
1902
1901
/rom
Oct. 18
Oct. 19
Out. 17
West, and Rock Island. Delaware & Hudson advanced about
prtviova %o»*k
5 points, and of the local transportation group Manhattan
%
%
•
9
Elevated and Metropolitan Street Railway show a gain of
100,672,70C
81.722 700
Oiplt^
116.572.700
about
2 points. On the other hand, Baltimore & Ohio, Read98
129. M74 300
117.667.90<
Surplus ......
843 700
LosBs A dlsooonts 9u8,a65 500 Deo 4,836.000 866.460,800 874,H39,200 ing, Erie, Southern Pacific and Canadian Pacific have not
Olronlation
46,738.200 Ino
37,866,10(
8.400
31,376,700
Met deposits
•891,771.400 Dec 6.843,700 863,125,800 945 114,100 recovered from Monday's decline.
Amalgamated Copper has been a prominent feature in the
Specie
171,870.800 Ino
807,100 164.112,000
181.941,900
Legal tenders
68.606.800 Deo 1,411,000
67,277,700
69,802.400 miscellaneous list.
It was the most active stock and deBeserreheld
604,800 221,389,700 261,744300 clined on the announcement of a judicial decision adverse to
240,376,100 Deo
S5 p. & ot deposits 222,912.860 Dee 1.460,926 215,781.450 236,278 626 the company.
American Sugar Refining covered a range of
Snrplaa reserre
866.126
5,608,260
16,466 776 over 6 points, General Electric 53^ points and Westinghouse
17,433,260
4J^ points. The United States Steel issues have been active
and relatively steady.
United
For daily volume of buainesa see page 1282.
on October 17 anil $25,794 450 on October 10.
NoTB.— Betums ol separate banks appear on the preceding page.
The following sales have occurred this week of shares not
Foreign Exchange. The market for foreign exchange has represented in our detailed list on the cages which follow.
been firm this week, influenced by a small supply of bills
Sales
dTOCKS
Range J«r Week
Bangt tfiM« 7a». 1.
for
and by a good demand to remit for maturing loans and also
WttK Ending Oct. S3
•
$37.23''. 900
iTntted states leposlts inoluned, a^auist $H6,86b),3UU last
ot last year. Wltb tbene
Huiiea depoaits Aliinmated, iCit inrplTis reserve wooid oe $26,742,726
week and $39,960,000 the corresponding week
—
for securities sold for European account.
To-day's (Friday's) nominal rates for sterling exchange
were 4 83 for sixty day and 4 86^@4 87 for sight. To-day's
(Fridav's) actual rates for sterling exchange were 4 8240
@4 8250 for long, 4 8570@4 8580 for short and 4 8620@4 8630
for cables. Commercial on banks, 4 8215@4 8225, and documents for payment, 4 81%@4 82^.
Cotton for payment,
4 815^@4 81>^; cotton for acceptance, 4 82 5@4 8225, and
grain for payment, 4 82i^@4 825^.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 20@5 19^^* for long and 5 17i^@5 \%}iX for short. Germany ban kers' marks were 94 ^^ (394 11 6 for long and 95 3- 6t
@95 3-16 for short. Amsterdnm bankers' guilders were 40@
40ir for long and 40;^^40 5 16* for short.
Exchange at Paris on London to-day, 25 f. 13 c; week's
range, 25 f. 15 c. high and 25 f. 13 c. low.
The week's range for exchar ge rates follows
1
1
.*
-SKorU-
-Long.Bterling Actual—
HUrh... 4 8250
4 8260
Low... 14 8235
'9 4 8250
I
^
4 8576
4 8550
-Cabltt.-
9
4 8585
4 8620
'S)
4 8360
4 86
'cb
®
4 8630
4 8610
Week
Amer
Amer
Agrlctil Chem, pi
Steel Foandrles...
84 69 Oct 23 69 Oct
442
4'sOct 19
-faOct
Preferred
100 45 Oct 20 45 Oct
Amer Tobacco, pret
70 130 Oct 21 132 Oct
CleveLorA Wheel
100 60 Oct 20 60 Oct
Preferred
200 76 Oct 20 76 Oct
Nat Enam <fe ^^tamplng.. 275 20 Oct 19 20 Oct
New Central Ooal
1,000 44 Oct 22 44 Oct
N Y Lack & Wegtern... 60 132 Oct 20 182 Oct
M 8b Ft Wayne <& Ohio
33 182 Oct 22 182 Oct
Standard Mining
100 aoooctas 3'OOOct
Ontni«ie Marfcei.
— The
69 Oct 83>«Jan
4'sOct 20 Jan
20 45 Oct egiaFeb
21 130 Sep 146 Jan
20 35 Oct 100 Jan
20 67'^J'ly 97 Jan
19
20 Aug 36 Mar
22 44 Oct 50 Jan
20 131 Oct 133 Feb
22 181 Sep 191 Feb
23 2-60Aag S'SOMar
23
22
market for unlisted securities ha *
been devoid of interesting developments this week. Trading
has been extremely light and prices, while depressed on Monday, were generally steady throughout the rest of the week.
Northern Securities stock lost 2 points to 83!^, but later advanced to 85^8! the close to-day was at 85; total transactions
for the week in this stock aggregated, it is estimated, about
6,000 shares. Dealings in Seaboard Air Line issues have been
very small. The common gained 13-4 points to 14 on Saturday, but on Monday it dropped to 12 and on Thursday recov-
%
ered to 13; the close to-day was at 123^; the preferred lost
point to 21. The strength displayed by Standard Oil shares
6 171a*
made that stock the feature of the trading; the price
0#f««ny Bamker^ Markt—
moved
up from 620 to 655J^, a gain of 353^ poiiits.
Rlgh...
94«8
98S,8t -a 96»i8
-a 91'iia
International Mercantile Marine common lost a point
Low....
94>9
a 94°8
AwifUrdam Banlceri' Guilder*—
to 3^ and later, after a recovery toi}4, it dropped back to 4;
40i»11
High...
40
® 4011
40'Si8*
®
the preferred sank from 16 to 13i^, but subsequently recovLow..
40*
® 40
® 40>4
40Ht
ered to 14. American Can common advanced from d}^ to 33^;
Lms: • »ie of 1%. t laa ol 1%. t "as ot 1%. Plus: H »ie ot 1%. •* ^sa of 1%.
the preferred gained a point to 29, but later dropped back to
The following were the rates for domestic exchange on 28; to-day the stock sold up to
and closed at 28i^. ManNew fork at the under-mentioned cities to-aay: Savannah, hattan transit moved down fro 28J^
n 3^ to 13^. North Amer621^0. per $1,000 discount; Charleston. 50c. per $1,000 disican Lumber & Pulp dropped a point to 53^. Greene Concount New Orleans, bank, $1 per $1,000 discount; rjommer- solidated Copper advanced a point on Saturday to 153>^, but
olal, $1 50@$1 25 per $1,000 discount; Chicago, I0@35c. per
on Monday it receded to 143^; subsequently there was a re$1,000 discount; St. Louie, 40@5fc. per $1,000 premium; San
covery to 15^; the close to-day was at 15%. After a gain of
Francisco 75c. per $l,Oi premium.
23^ points to 31, Tennessee Copper reacted to 30; to-day the
State and Railroad Bonds.—Sales of State bonds at the price moved up to 30^^, closing at 303^. White Knob CopBoard include $8,000 Tennessee settlement 38 at 94}^ and per rose a point to 10.
7,000 Virginia 6s deferred trust receipts.
Outside quotations will be found on page 1282.
Pxiria Bankers' Franet—
High... 16 20
'SI 6 193^>
Low... 6 20*
® 6 20
5 17»9
6 17>a»
I
I
I
1
I
.,
I
;
I
®
®
5 16»et
—
New York
Record, Daily, Weekly and Yearly
TWO PAfSES
STOCKS— HIGJikST AND LOWEST SALK I'KJC£S
Momiaii
Sahiriiau
Oct. :?
Oct.
31
•SO
tJ3
'57
62
64 >e 6(i>-i
tJ7',
erf's
33 ^ 33 "t,
•120 127
144
iiy-si-'o\,
30 's
'•J
25'*
*62Vi
•183
•119
87>«
.
31
>«
2l>>,
•33>v
20U
120
15>*
1534
87>4
SS",
M15 135
*122>al24
Wednesday
Oct no
•29
•57
64=8
88*4
28*4
2434
63
•183
•119
66»8
31 »2 33^8
•115 127
14 >4
1434
14>4
165
30
27 >2
63
Si
200
119
15
SO 35 30 35
•57
57 62
62
6634
66
65 Sj 66 Si
8814 89
8878 89
89
89S;
74
7334 74-\
74
7558
18 753s.
88
87 Si 87 Si }S7Si 8814
88
32 7e 343^
33 14 313(,
33
34
•116 135
•125 127
127 127
•122 Si 140 *122Sil40
12214
liySil20Si 119 11934 118-'>8ll9i4
6318 64 "b •63
64
64 Si
64
157 157
158 159 «165 Si 15634
29»8 30
29 Si 29 »»
29 Si 30 "4
2678 28
2634 28
27
27 14
64
63 Si 03 Si
64
64
64
•183 200 *183 200
'183 200
•110 120 119 120 •119 120
85
62
6579 67
ISig
1434
153t.
84
lili
•126
•160
i24
180
•8^
•120
•100
125
180
9^
•IT'S 18
•4
5
•71
•100
7
m.
110
12»8 13
60 la olKj
19^4 20 Sj
•i20
16a
•8'2
•16
•4
"ii)"
100
IIH.
51
17^4
6
"70"
110
12'4
ol'-j
19% 20
152^154
i24
180
9S2
17 Si 1734
•4
6
"7l'>J"7'i''4"
•100
12>4
51»4
1934
110
126
•160
•9
1713
•3
i24
180
10
•160
110
13
1234
51>i,
oJ
53
203,
21
2134
I6434
9I4
*'ii""ii"
104
n04
12«8
62Sj
21
9Si
18Si
Si
4 Si
"is"
'*'ii"
105
115
1213 13
13
53
62Si •52
21
2034 2II4
I65I4 §1531415314
232 Si '230 233
20
19Sl lySi
69
68
68
•13
15
15
9I4
8S1
9
8Si
'19 ig
48
80
&
48
•72
55
80
•160
176
•63
71
•70
78
13l'4l31'2
19
18
•32'a 35
•20
30
•64
66
lyiQ
•18
•50
100
132
764
105
70
77
130
la's 18=8
•3212 34
6934
lo'h
78
79
13034 131
n7Si 1712
•32Si 35
90>^t
*20
•64
•18
•31
•10
•40
•24
•85
60
'bO
•53
l;<0>i.l3lis
132 '8 13338
7534 76 Si
32>4
32'4
•10
•40
•24
90
•60
77
128
20
45
27
100^4
132 "v
77
10534
32
65
18>i2
31>2
•20
65
•18
31Sj
lO'e
136
43
100
55
116
18
35I4 36
90'4 91
•87 Hj 90
•37
40
2IS1
3214
•10
*40
•24
•85
20
45
28
95
60
9734 99
60
•75
76
10318104
10
•120
•40
•90
53
•110
lOia
136
4312
104m05Sj
loo
5478
116
lOlfl
'118
•38
•82
53'4
•114
1038
135
43Sl
90
5314
116
16
Iti^l
17
34
3434
34Si
35
90 '4
90
39
88
9038
•87
«89
89
•38
•36>a 40
I8I4
17 "2 18
2014 2OI4
18
115iall7»4 116 117S:
117'4ll8
*20
•22
24
21
23
23'4
100 105
10034 loi
•100 105
•52
54 57
60
68
58
193 19334 •193 195 5193 Si 193 Si
20 '4 20»8
1934 203,
21»8 2112
5578 57
5573 67 "4
5738 68
•87
•85
89
89
88
88
•42
•43
47
47
47
47
•80 no
85
•80 110
•61
51<2 51»2 *50Sl 55
57
118^11'J»e 117 1183, I1714 11878
•15
•15
1518 15H,
20
19
76'* 76'4 •76
78
75»a 75I2
•69
•89
61
96
47>« 4708
76
76
65
•eii-j
25'fl
2534
69
593fc
'55
4434 4634
•75>a 76'3
*61
65
23i« 25
57'a 59\
35
•8
34
•12
61
'Si^ 98
10
•8
34
14
•32
•12
35
10
38
14
79
13034 131i«
1838 2078
33
•25
35
33
65 Si
18 Si
32
•10
•40
•25
•88
66Sj
20
•53
60
1834
32
45
28
95
70
80
130*% 13118 §13014
*20
21
•19Si
•34
•34.
35
•25
33S2 20
-65 14 663, 651a
18
18S» 17
•31
31
32
•10
•10
•25
•85
20
45
10
40
28
95
•23
10
70
Detroit South. vot.
tr. ctfs
pref. vot. tr. ctfs.
Do
Dnluth
Do
&
Shore
So.
Si
103,
135 •118 135
•40
45
58
•85
88
90
64Si 54 S( *53Si 64Si
114 114 •113 115
17
17
I6S1 16Si
35I4 35^8
35
35 Si
8938 9138
90
91
•93
92 Si 95
95
37 40 •37 40
10 14 19 14
19
19
117 118Si 117 411858
-22
•23
24
24
•100 105 100 106
5518
55
56
56
•193 195 •193 195
2OS1 211* •20 Si 2078
56^8 57 7e
56^4 57 14
•85
•85
89
89
*42i8 48
*42
47
•85 110
•85 110
•52
65
•oOSl 55
118»8ll934 118i2ll9S»
•15
19
*Xb\i
20
•75
•76
76
76
Atl..
pref
160,120
17,230
2d pref
9,060
Evausv. <& Terre Haute..
2,096
Istpref
Do
pref
Great Northern, pref
Do
Oocking
•61
65
•8
10
•32
38
24
25 Si
59 Sj 5934
40
40
•8
10
•32
38
14
•12
14
ies'"
90
4514
75
61
16
ctf.A
B
otf.
103);
Do
<fe
Des Moines...
Do
pref
Do
pref
r ake Erie & Western.
l-i
&
Shore
.
400
Mich. South'u
Long Island
Lonisville<fc Nashville...
Mexican Central
Michigan Central
4',430
Minneapolis
St. Louls.
i",6o6
pref........
S. P. <fc S. S. Mane.
1,100
Do
Do
&
300
Do
Texas
<fc
pref
9038 Missoari Pacific
]VI ash. Chatt.
St. Loui.s
i~
&
at. of
65Si
24%
24 Si 26
5934
61 14
40
40
•8
•32
10
•8
38
•32
•12
60
14
1,210
3,560
112,160
350
Max, non.cum.pf
Do 2d pref
N. Y. Central <fe Hudson.
Y.
Chic. & St. Louis...
N.
Do Istpref
Do 2d pref
N. Y. N. Haven* Haitf.
N. Y. Ontario & Western.
N orf oik & Western
Do adjustment, pref.
paciho Coast Co.........
i Do Istpref
Do pref
{62ii"6"2'4 Piltsb. Cin. Chic
76
71i8Febl7
Feb 9
Feb 9
13834 Feb 10
78 Si Jan 5
190 Jan 19
53S2Jaul9
37i4Jau 5
73'«Jan 7
150
160
Aug
6
2938
Jan
9
Feb
734
Aug
6
20% Jan
May
4834
Jau 77%Mayi
Jau 96% Sep
95 Si Jau 106% Sep
92% Doc 118% Sep
92 Doc 99 Sep
74I4
5434
Nov 72% J'ly
110 Apr 128 Aug
139 Apr 145 Sop
112 14 Jau 145i4Sep
71 Dec 97 May
165 Nov 198 Jan
42% Dec 57 % Sep
29 Si Dec 4 5% J'ly
68 Nov 79 J'ly
{191 J'ne 5205 Jan
136SaSep 151 J'ly
22 Dec 35 Aug
89 Si Not 95 14 J'ne
81 Si Dec 90 '4 J'ne
33 Dec 5134 Aug,
13
'.'
26
75
10
Feb
Dec
J'ne
Jan
18% Jan
28% Dec
60 Si Dec
41% Dec
Sep
19834
200^4 Sep
Apr
274%Apr
271
Sep
206
170%Apr
Apr
2478 Aug
210
Sep
44
23
60
Apr
Apr
108% Aug
124 % Sep
3534 J'ly
79% Aug
5373 Sep
Aug
Aug
5134
9634
53% J'ly
Sep
25
48% Sep
Sep
97
24
Aug
3534 Apr
44% Jan
10i4Sep28 29% Feb 16
42% Jan 9
74 Feb 5
7534 Jan
6478 Feb
6334 Jan
72SiJan 8 50 Mai 74% Mar
91 Jan 8 82 May 10434 Feb
7434 Feb 24
30 Jan 67% Deo
209 Jan 22 181% Mar 203 Dec
85 Jan 9 70 Jan 90 .May
9 Jan 29% Oct
271a Jan 5
106 Si Feb 20 66 Jan 106 Aug
99i4Mar 2 81% Jan 98% Dec
151 Jan 10 137 Jan 173%.\ug;
48 Jan 12 35% Dec 5134 Aug
77% Jan 12 65 Nov 90% Apr
47 Si Jan 6 33 78 Jan 50% Aug
8234 Feb 26 75
Dec 88 Aug
36i4Janl2 19 Jan 39 Aug,
61 14 Jan 22 44 Jan 6234 Apr
40 Mario 13 Jan 41 Sep
48 J'ly 15 {55 -\pr23 45 Jan 84 Apr
24 Oct 15 53 Jan 8 40 Dec 71% Jan
90 Oct 13 118 Feb 6 120 Oct 138 Febl
{276 Oct 9 334S2Jan 5 325 Apr 340 Apr
55 Oct b 83 Jan 7 72% Nov 9 178 May
95 Sep 28 130 Si Jan 8 102% Jan 159% Ana
126i4Sep28 155SiJanl4 12s Mar 158 Nov
70 Si J'ly 24 12878 Jan 6 1 09% May 134% J'ly
997eSep 29 14278 Jan 6 135 Oct 174 Feb
18 Oct 10 38 Jan 8 35 Dec 43 Jau
63SiOct 14 88 Jan 20 89 Mar 9134 Mar
9 Si Oct 23 29 Mar23
20% Dec 31% .Mar
102 May20 135 Jan 15 {150 Mar 192 Apr
41 Oct 12 110 Jan 9 105 Jan 115 Apr
85 Aug 5 118 Feb27 118% Jan 12734 Apr
42 Aug 7 79SiFebl6 36% Jan 84 Nov
lOOSiJ'ne 2 132 14 Feb 17 90 Jan 139 Sep
loSiOct 19 30% Jan 5 22 % Dec 3534 Sep
33 Oct 12 63SiFeblO 51 Jan 6934 Sep
8534 AuglO 11579 FeblO 9634 Mar 125% Sep;
85 Oct 15 114 Febl6 80 Jan 122 Apt.
34 Si Mar 2 47%May27 3134 Dec 45%Mar.
23 Aug B
62 4 Apr 13
44 J'ly 24
39 Sa J'ly '27
78 Augll
31 Sep 29
160 Oct 12
77 Marl2
10 AugU
63 Sep 25
77 Oct 19
125ieJ'lyl5
18 J'ly 27
30i3Oct 12
2514001 9
62i4 0ct 12
16 Si Oct 8
29 Oct 8
24 Sep 22
:
&
St. L.
D3 pref.......
95
..
eading, vot'g tr. ctfs..
45 Si
rVlst pref. vot. tr. ctfs...
77
2d pret vot'g tr. ctla.
65
p
25 14 Rock Island Company
60 Si
Rutland, pref . ......
..
10 Qt. J oseph<feQr'd Island.
1^
Istpref
38
Do
Do 2dpref
14
1
17 Si Oct I'J 28SiJ'ne30
Jan 10 147 Nov
19 Si Sep 28 45 Jan 7 40 Nov
100 Oct 6 118 Jan 16 110%NoT
"710 50 Sep 28 87 Jan 19 80 Nov
130 187 Si May 2 6 225i4Jan 9 209% Jan
9,344 19 Sep 28 35i4Feb 5 2514000
12,840 54% Oct 15 76I4 FeblO 55 Jan
310 85 AuglO 93 Si Feb 2 90 Feb
100 3934 Sep 29 72 Jan 10 65 Dec
80 J'ly 30 100 Feb 13 100% Jan
"256 5OI4 Augll 76 Jan 28 72% Dec
222,578 115ieSep28 157% Jan 10 147 Jan
200 15 J'ly 24 39 Jan 8 30 Nov
400 74 J'ly 27 91 la May 7 71 Feb
Sep 17 {76 Sep 17 80 May
""90 {76
65 Sep 29 94 Jan 7 80% Jau
100 90 Oct 7 115 Jan 17 113 Mar
181,676 41%J'nelO 69i4Jan 2 52% Mar
450 73 Sep 28 897^ Feb 5 7978 Mar
200 60 J'nelO 81 Jan 6 60 Jan
115,876 19 Si Aug 6 53% Jan 9 33% Dec
6,740 6534 Sep 28 86 Jan 9 71 Nov
800 30 Augll 72 Jan 28 64% Dec
7 Oct 1 15i4Jan 2 10 Dec
100 32 Oct 12 68 Jan 6 4934 Dec
13 Oct 1 2478 Jan 19 24% Nov
1,137
16,704
112% J'ly 15 156
400
168% Jan
57% Aug
124%Jan:
Aug
Apr
37% Sep.
100
255
8034OCt.
98 J'ly!
81% Sep
106 Mar
i
8434 SepJ
170
Sepi
47% Apr
85%So^i
93 Sepi
106%Sep.i
128 Majl
78% Sep90% Sepi
80% Sep
1
60%Dea
85% Nor.
125 Apr
24i4Aug
81% Sep,
42 Se^
— —
-=^
:
1
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bankn
NEW yOEK
Banks
Bid
Bid
Ask
Alk City
260 270
America I1 ... t501 1506 Colonial ii ... 405
Amer Exch.. 210 225 Columbia .. 375
-••
Astor
750 1000 Coiiimtrrce..6 t213 t215
Boweryl;
350 380
Con.sulidated 165
175
Batch's <& Dr 140 150
C'ruExchgel.
350
1j
Central
Century
Chase
1)
160
175
167
700
Chatham
300
CheUeaExc'
320
Chemical
U-'OO
4250
Citlzena'
tl60%
*
1
East River.. 150
Equitable ...
100
Federal 11.... HOO
l-'idelityli .... 180
Fifth Avelu. 3700 4100
Fifth
First
M7.5
IJOD
025
Bid and a^lcetl price.s; no .sales were juaiio on urn
Sale at Stock Exchange or at aaotion this vraeK.
Banks
Bid
Ask
Bid
Baaks
Jelfersonll... 140
Fourth
Leather Mfr. t316
GalL-vtin
1|
Uamiltonll
..
Mauover
500 550
Imp & Trad. ...... 125
(rvini;
200
1000
Lincoln
Manhattanl]. 300
Market cfcFul 225
230
iVIeclianics'
Mech & Trar 140
Mercantile .. 200
.
Merch
170
i.'.O
Excli.
1(!0
Merchants'.. 170
.Metropnew^ 100
Mt Morri.i". .. 220
a.iy.
i Leas H1.111 l()j sii.ire.s.
t frost Co. certificates.
i
E-t
ri;,'iit.i.
h Assessment
Ask
160
14thStreetTI. 300
175 200
390
Gansevoortii 140
Garfield
500
German AinV 150 160
(ierman Ex* 400
Gerniania'l .. 600
Greenwich
6300 310
I
184% Jan
297 Feb
1
Mo. Kansas
35
220
pref
Do 2d pref.......
Pennsylvania
Peoria & Eastern...
75Si 75Si Pore Marquette...........
•90
45
76
•60
52i550
13.540
8,500
18,135
[l/Janhattan Elevated...
iVietrop. Secur., sub. rec
Metropolitiin Street
Met. West Side El. (Chic.)
54Si Minn.
17
pief. vot. tr. ctfs.
Keokuk
115
89%
4,528
1,625
600
800
850
93 95
•36
40
•18 Si 20
117S;118i8
22 24
*100 104
5S
58
193 195
20% 20 7e
66I4 67
•85
88
-42
47Si
•SO 110
*50Si 55
11818 119
•15
19
461a
5
600
930
66S2 lVc.Ft.S.tfeM.,tr. cts. pfd
18 Kansas City So. vot. tr. ..
135
47
89
{35
"os"
90
12
deb.
Valley
cfe
31Si
9Sj
33
03
J.in
250 15% Aug 6 3934 Jan 2
900 55 Oct 14 90 Jan 6
7
370
Aug 5 lOSiFeblO
300
20
13
,000
Do pref
tTanawha
Michigan..
36
33
•53
60
100 10U34
13314134
7714 78
106 14 103
•118
47
§89
•53
•113
1
81 Si -CIDo pref
13078 1 Uinoia Central
20Si Aowa Central
45
28
*87Sj 95
*17Si I8S1
•54 Si 59
10
IOS2
•118
42
85
•5y""6l"' r59»4"6934*
•90
98
98
45 14 463,
4478 46 Si
76
75 Si 75 Si •75
12
70
79
Jan 10
41
69
'-J
L.
•90
•62
65 Si
23 Si 2434
58
5»Si
•65
•74
•60
60
100 101^8 100S»102
133 13438 133 14 134
76I4 77
77 14 7734
105 107
106 107
20
58
1512
8734
no
•
9838 10114
-54
1034
65 Si
20
45
27
95
•17Sl
•120
43
•90
65
•110
•17
30
•62
•75
Augld
"iso 106
6,310
100
Ft. Worth<fel)en. C.,8tmp.
...... ..>...
Highest
S3 Si Sep 2.^ 9078 Jan 13
220 63 Oct 15 85 Si Jan 9
900 24 Sep 28 4678 Feb 5
Chicago AIUw. & St. Paul. 136,830 13314 Aug b 183i4Jan 7 lOOSiJau
Do pref
410 168 Augld 194i4Jan 9 186 Jan
Chicago <& North Westeru
6,060 153 Sep 28 224SiJanl4 204% Jau
Do pref
190 Aug 8 250 Jan 8 230 Jan
Chic Rock Isl'd & Pacitlc
132 Oct 13 200isJan 9 152 Jan
Chic. St. P. Minn. & Ora.
117 J'lyll 162 Jan 21 140 Feb
Do pref
190 Mayll 194 Jan 5 1 91 7e Nov
Cliicago Teriu'l Transfer.
8 Aug 6 1978 Jan 9 15 Dec
Do pref
1,000 15 Sep 24 36 Jan 8 29 Dec
Chicago Union Traction.
3 May 2 3 17 Si Jan 12
1034 Jan
Do pref
30 May22 5034 Jan 14 4434 Mar
'"700 66 AuglO 9938
Cleve. Cm. Chio. <fc St. L.
Jan (i 93 Nov
Do pref
20 113i8J'ne 8 119 Jan 27 118 Jan
Colorado <fe So., vol. trust
2,170 10 J'ly 24 31SiJanlO 14% Jan
Do Istpf. vot. tr. cfs.
3,340 44i2Aug 8 72 Jan 9 5914 Jau
Do 2d pf. vot. tr. ct(s. 3,626 17 Aug 5 48 Jan 8 28 Jau
pvelaware cfe H udsou
2,511 149 AuglO 183 Si Feb 2 15310 Nov
l-'elaw. Lack, cfc VVesl'ii.
800 230 J'ly 24 276 Jan 8 231 Nov
Denver t& Rio Grande
420 18 Oct 12 43 Feb 9 35% Dec
Do pref
590 64 Oct 12 90 Si Feb 9 86% Dec
Des Moiues t& Ft. Dodge.
210 12 Sep 29 47i4Jan f- 35 Dec
Green Bay<fcW..dob.
li='4
li->4
Lowest
5170 J'ly2S) 5184 .Marl 2
J'ly2r. 13314 J an 29
Qnincy..
Do 4 p. c. debentures
Do 5 p. c. pref. "A"..
Do 4 p. c. pref. "B"..
2734 LTrie
66^8 Cj Do
49i4
Do
•35Si
180
8,;>30
Chicago Burl
13
2634
6618
4»34
Si
Si
Oct 17
J'lylO
129,335
1,115
Brooklyn Rapid Transit.. 66,220 29 Si Sop 2>
Hultalo Roch. <fc Pittsb'ff.
100 124 Jau 8
Do prof
140 Sep 3
/ <a»a(Uan Pacific
32',5Y6 115% Oct 14
V Canada Southern
1,410 57 Si Sep 24
Central of Now Jersey...
1,400 153 Oct 17
Chesapeake ds Ohio
8,950 27 Si Aug U
Chicago*; Alton
21,130 18 Si Sep 28
Do pref
1,100 60 Sep 29
pref
Detroit United
iShi
caw
pref
1)0
17
•11
13Si
27
9
•16
•59
16
60
Highest
21
89^8 Jan 10
84%Ahk10 103 Si Jan 10
71%Sep2.- 104 >an 9
82^4 J'ly2r> 9634 Feb 11
Baltimore .& Ohio
66
•9
•17
•3
6
100 31
60
54
84
i24
180
Lowest
Santa Fe. 30i',820
84
*i20
*160
I8I4
•4
4Si
1238
i24
ISO
•8S1
J8'4
184
765r72"
*100
•isTo
153 153
154
155
231 233
235 235 *234 235 •230 231
232 Si
20'^ 20 Vi •18
2Hs 'ly
21 S; i2{i\ 2034 «20
Otjia 66 "i
•66 Si 68
'65
68
67^8 67 'e
68
•13
•13
•14
15
15
15
15
{15
9
9^ y^! 'S^ y^
8S1
9S:
9
9Sj
•15
•16
1634 J16
16
16
17
IC'e I'J'a
59 1* 5a '4
61
69
69
60
57
60
«60
*7'g
•7 Si
S
8
*834
834
d^.
.,'>> ,'^'S'
•1034 12*4 •1034 13 Si 11
•lll-i 1212 •11
12
2734
26
2734
26»8 27<>8
27
28 4
28
27
66I4 67
67 ig
6534 66 S2
65 "a 66
67
66
47 Hi 48
40
48
4838
48% 49
48 Si
40 »4
•44
*40
•44
50
46
50
45
4'J3^
47
•72
*72
73 80 •72
•72
80
SO
80
•35 Wi
•35 Si
35 Si
•»5»a
•35Si
•160
•160
•160
•165 176
176
176
176 •160
154^4 ly4'b
Do
<ft
•6338
267^
Range lor ^revioxH
Year (1902)
0/ luu-snare lots
Week
pref
Topeka
Clucajfocfe East. 111.. prof.
I5I4 ChioaKo Ureat Western..
2538
Jiange jor year 1903
On basis
Shares
nnArbor
A
^Uo
Atcli.
14»4
138'4l39i4
172 172
161 162 Si
>-2
01
the
Unilroads.
1-^
1434
Sales
STOCK
EXCHAJiGK
/ridau
OcL 23
•80
•80
•80
84
84
84
84
•SO
•60
64
64
64
63»B 6308 {6JI4 65'4
-'(!
257g -20-6
26
26
2d
26
26
2678
IHS'B 1 35 Tg 13734 136'4l38'» 13738 139 >4 13838 139«8
1701..
•170
•171
172
170
173
}172 172
170Sil72
ISSisliSiB lOo'-jloS^ 150 7e 15814 157'%160Si I6OS1I6II2
•80
•64
•24
138
STOCKS
NEW YORK
•29
•67
35
62
89 >»
73 >« 7434
87
8714
156 •152
30
29
25 ij
2534
63
62 Si
200 •183
120
119
Thursday
Oct 29
Oct 21
•122HJ
117»8ll9'4 118'«119'-.
*62>« 63
63
63»8
02 >4
1^7 "v •154
t'2'4
153
30
35
87 "iz 88
72 Si 7458
75^9 75^8
•^C-j 87
•V2ii
19
Tuesii a y
;
Exchange— Stock
Stock
OCCUPYHNa
SI
•67
.
..
-i
paid
•-•*•>
600
1050
330
250
245
150
230
170
Banks
Bid
Ask
275
Nassaul
180 190
New Amster 500 550
New York Co 1500
220
N Y Nat Ex.
New York... 270 280
Mntualfl
19th Wardll. 115
Nortli Amor. 205
Northern
Bid
Banlui
Phenix
Plazall
Prod Exchll
Riversidoll
AsIC
tl00l4
..
Seaboard
Second
130
Slioede Leth.
210
Stateli
450
170
18 0*1
""
600
650
150
700
210
125
120
295
650
. .
.•••!'
170
215"
34th Street..
tl20
12th WardH.
230 240
Wardll..
23d
200
Pacitlcll
Union Exchi'
Park (new).. 100
:,{M
United
90 100
People'sll
270 300
240
Slate bauKs. a Ex dividend and rights. 6 New stock.
Orientalll....
.
.:
1;
.
.
Oct.
•60
70
{65
46V!
4(5
150
162
15
\i^i
3-.>
Oct.
"-J
4-2
23a<
•
Si
175
33
304
31
4J»|
3i>
41>1!
74T(
17
71H3
18
73 >v
21»4
-.'4
100
1714
17
25»a 25Wi
84 ««
2338
17
17
*.;3
26
63
8J
le^s
35 Hi
'•«23 230
3818 39H;
21 Hi 22",
66VJ 68V1
2»
•60
•24
•ISO
29
90
30
185
•2
•9
9
3
12
•«*
lO"*
30
13>« 14
72«8 74
•2
S^
16
Its'*
^l"*
.40*8
85!^
223
36^8
19
}32
32
11
21^4
•60
70
70
74Hi
23
104
22
22 Hi 23 Hi
1(13
105
IS"* If^H;
17
}17
25
8t
84
25 '4
84%
23 '4
18
17
25
84
25
81
86
110
•79'b »0
>8
230
38%
21
6%
Shares
Lowest
Highest
20
•2
•9
Bis
20
8 Hi
9
48
80
6H2
48
32
H)
80
IP,
•5
*47
29
7H2
65^4
182
6H:
....
30
11
174>« 174'e
99^8 100
10 "4 10 H
172 173 Hi
24 '8 25 H2
76
75
*22Hi 22 Hi
148
147
•11
llHi
62
^2
•28
SO
•30 Hi 34
•71
75
•7
10
S5Hi 35 Hi
24 Hi
•73
22
144
5%
1014
12
5%
30
74 "4
•2
4
17Hi
41
87
•90
Hi
71% 72%
44
87Hi
110
220
IniliistrinI
29
80
21
•24
30
185 185
'6%
9
9
2%
6%
3
15
•9
6%
»20'8
21
•9%
•7%
8H1
6H1
8H,
•65
•62
•176
76
66
185
6
•47
6
....,
29% 30%
31
80
•26
28
13% 14 '4
173% 174 H:
360
300
pre! ........... ...I
2',898
Do
2,490
pref
American Linseed
,
30
,
300
lOU
9,785
3,435
"'482
,
•90
90
110
•7%
•81
8 Hi
70
177
4
185
178
6
•6
•47
31
....
•47
28
62
110
90
,
38,350
1,975
,
100
American Snuff
Do
pref
Do
pref
113% 114% American Sugar Refining 64,280
760
Do pret
117%117H:
Amer. Telopli. & Teleg...
7% 7% American Woolen
300
•65
10\ •10
174% 176% 175
65%
31
80
•65
78
68
63
195
Anaconda Copper
Brooklyn Union Gas
7%
ruusw. Dock&C.Imp'l
Buttenck Co
31
11
175
80
jii'
11
•1734176%
•100% 102
101
100%100%
25
25% 26% 25
75
74
{74% 74% •73
74%
74
•21
22
22% 22% 23 Hi
22
22
147% 148 149 Hi 147% 148% 148% 149%
12
11
11
10% 10% 11% 11%
•60
61
62
{62% 62 Is 61% 61%
99% 99% loo 100
25
24% 25
Ho
American Ice
Do pref
13% 13% American Locomotive...
74% 75% 74 Hi 74 Hi
Do pref
•3
•3
3%
3% American Malting
•15% 17
•14% 17
Do pref
42% 4 3 '4 41% 42% Amer. Smelt'g & Betin'g
87
{87% 87% •85
Do pref
•10
lO"*
Hi
5Hi
2OJ4
•9% 10
9%
25
2
American Dl8t.Telesrapli
American Express
American Grass Twine ..
Anier Hide & Leather
15
100
Jan 12 156% Aug 159% Fob
9 93% Dec 11 3 '4 Aug
Feb 11 86% Mai 95 Aug
22% Jan 13 20 Dec 24% Oct
64 Hi Jan
60 Doc 06 Nov
32% Feb 27 21% Jan 38% sop
65 "4 Feb 24 37 Dec 54 Hi Sep
27% Feb S) 17 Jan 30 '4 Sep
62 Ma>-2
49% Jan 66 Apr
38% Feb 10 28 Jan 42% Sep
19 '8 Jan 31 Aug
29 '4 Feb
55% Feb 6 39 % Jan 57% Aug
159
101% Jan
95
'4
I
iHiticell
'220
30
90
30
185
5%
«fc
228 Adains Kxpresa
{204 Jan 30
34% 36 's
inal;;aniateil Copper... 451,845 33% Oct 15
15,;l80
21
20%
17% Oct 16
Car & Foiiuilry
" "« Amenuiu
66 '4 67%
8,640 61 '4 Oct 14
Do pret
•28
30 American Cotton Oil
716 25 '4 Aug 6
•80
90
82 J'ly 27
Do pref
230
X36% 38%
21
21%
66% 68
•24
185
•6
•2
•9
Jlifjhest
1
•79% 90
81
81
114%116Hi H4%116
H7Hill7Hi {116% 116%
•47
28Hi
9
3
72
•15%
75
66
183
'5
90
30
185
13% 14%
14
71% 72 Hi
•2
4
15
«15
39Hj 42
}87'8 87%
•DO 110
84Hj 84H2
111 Hi 115 Hi
117Hj117Hi
•176
22^4
6S\i
•9% 10»8
'26
12'4
-7
65
61
39Hi
20% "0%
20%
19 '3
28
75
•2
•9
5%
9
7Hj
•6%
3
•27
'60
64
•176
'180
15
y\
•144 20
Sy* 40',
83*4 66^
•80
•24
9
eis
230
67%
•28% 30
68
29
90
30
186
•25
30
12 Vj 13 "o
71V| 73
•2
iKt
0«8
37%
20%
Lowest
Ii<SiSFr.JPMACoca8
85
*11Hj 12 Hi
45
45 Hj
'220
Year (190?)
Week
}85
223 230
06% 38%
19% 21%
2%
15
70% 72%
84 "4
>«
•e",
iio"* 11214
75
66
185
84
9
1174ll7ie 116Hill6%
•7
70'" 7218
Kanije for J^eviout
'•
'
103% 101
•15%
year 1903
',1
74^4
Hj
for
basis oi luo-share lots
>•;
18'-j
'
Kanye
On
1.2
41% 42%
18
74
01
th«
56 J'ly 25 90% Feb 24 55% Jan 85% J'ly
•60
10 68 Auglli 88 Feb 20 77 Dec 90 J'ly
70
Do Ist pret
4i>
1,722 42 Hi Sop 29 IS Feb 21
46
Do 2il i>rpt.
65% Deo 80% J'ly
.100 148
'14S lllO
Sep 28 170 J'ly 1.5
E. I.com stock tr otfs
13 15 SUC.ifc
1,126 12 Alls; (i 30 J nil
lx>iiis SouUnvesteru..
24% Doc 39" Aug
1,35(1 21
30'^ 30
AiitcU) 66
Do j>rot
Jan 7 5 5 '4 Mar 80 Sep
103,520
Sep
08
38%
2
S
41H) 41% Soiulicru Pacilio Co
'4 Miirl9
56 Dec 81 '4 Sep
18
18 Soutliern v.lr. ofs. stinped 22,4:.0 lOi-^Oot 12 36% Jan
28 Doc 41% .-Vug
7;i% 74%
12,105 69% Oct 1
do
Do prof.
96 Fob 9 8934 Dec 98 Hj Apr
lOll
90
85 J'nclO 96% Mar 3 90 May 93 Nov
90
M. & O. stock tr. otfs...
7,410 20 »4 Anglo 43%Febl() 37 Doc 6434 Sep
2 2 Hi 22
IV'Xius <S) Pacific
104 10 4
600 100 Oct 11 128% Jan
hiiil Avonue (N. Y.)..122 Jan 34 Feb
17 '4 Oct lU 37% Jan 12
30(1
18
18 ToliMlo Kaihviiys Jb LlRlit
32% Nov 38 Sep
16
410
Sep
15
21
16%
31% Jan 9 18% Jan 3 3 '4 Oct
'4 Tol. SI. L. it W. V. tr. ctla
25 '4 2 5 '4
720 24 Sop 29 48 Jan 8 35 Jan 4934 Sep
Do pret. vot. tr. ctts.
2,785 79 Oct 1 122% Jan 23 107 Jan 129 Aug
S4
81
fwiu City Uaplil Transit.
•13Hi 14%
•30
33
32
32
40 Hi 4 2 '4
is "8 18%
75
74
ISH.'
82^4
ya
Hales
STOCK
EXCHANGE
St.
11% 14%
Hi
41%
SO'4
17 Hi
72'*
Oct,
>ri(((i V
Oct. I'j
4614 46>4
45% 45H;
•118 150
'150
160
18
•15Hi 17
25'-j 25'
•yo
•17i;
6Sj
'U:.
13
175
65
68
65 >«
28 >a 28 >a
28%
'SO
90
*S0
•24
•24
30
'175
4185 185
•9
20V
20>«
•8's
"60 Vi 72
86
{84
'10
12
45
47
•6>4
2>a
•26
•65
66
60
70
•iA\ 45 V
104
105
10
Oct. -n
NEW YORK
1275
155 J'ne 2
Do prof
286",S86 65% Aug 8
70Hi 71% Union Pacific
•84% 86
673 83HiAuglO
81
84%
Do prof
347 10 Oct 14
12
1
512% 12% }10% 10% Unit Kj'Hluv'tof SanFran
46
46
45 "^ 45151
1,774 35 J'ly 27
44
45H:
Do pref.,
17>4 la's
8,320 10% Oct 12
17% 18't. 1S% iy%| 18% 19 Wabash
n\t 17',
32
23,100 27 Hi Sep 28
20% 30% 29% 31% 30% 31% 30% 31% 31
Do iwef
16
220 12 J'ly 24
16
15
15% 1514 '16
15 Hj Wheeilnpife Lake Erie...
14'a I51.J il5
•42
•42
46
45
46
860 41 Oct 12
4S
44% 44% 41Hl
46
Do 1st pret
• 22
23 21 •23 26
•21
•20
24
200 20 Sep 26
25
24
Do 2(1 pref
15'4 16
16 H.
16
16% 16% 16
2^65 14%Oct 14
16% 16>3 16
16% Wisconsin Cent. v. tr. cfs.
•34
•34
35"-..
800 34 Sep 28
36
35
34 Hi 36
35% 35 Hi 34% 36 Hi
Do prel. vot. tr. ctfs.
71^8 73^8
84
84
12Vi 12 W)
47 Vj 47>a
17»4 18
30^1 313g
•14 Hi 16
45
45
22>-j 23
,
4o
SO
•60
65
14>-..
105
la
84
Oct.
14>-i
1S»8
»10i
4 5 yj
145
19
STOCKS
JPiilVKt>
Thursday
Weanesday
Tuesday
ilonday
1
.
Stock Record— Ooncluded— Page 2
24, 1903.]
STOCKS— HJ6HKST AND LOWKST SALK
Saturday
Oct. 17
.
.
(lolorado Fuel & Iron
y Do pret
Col. <fc Hock. Coal & Iron.
Consolidated Gas (N. Y.).
Continental Tobacco, pref
Corn Products..
1,070
Feb 11 {198
75%Marl2
J'ly
{240 Oct'
Nov 79 Feb
41% Jan 19 28% Apr 37% Oct
93 Jan « 85 '4 Jan 93% Oct
46 '4 Feb 20 30% Jan 5734 Apr
98 Feb 13 86 Feb 99% Apr
Sop
25
2
41% Jan 2 32% Jan 42%Moy
171 AuglO 235
Feb
210 Jan 205 Aug
6 J'ly 29 29% Jan
27 Dec 62 "4 Aug
2% Oct 12 ll%Jan
834 Dec 1334 Oct
10 Oct 8 37% Jan
34 Dec 43% Sep
4 Oct 8 11% Jan
9% J'ly 31% Jan
16% Oct 8 42% Jan 30 32 J'ly 67 Jan
5 J'ly 25 19% Jan 6 14 Dec 28 Apr
25 J'ly 25 48% Jan 6 39% Dec 68 Mar
10% Oct 15 31% Feb 17 23% Dec 36% Apr
67% Oct 15 95% Feb 17 89 Jan 100% Apr
7i2May
2%MarlU 5%Feb26
5 Jan
14% Sep 28 24% Jan 10 21 Jan 29 Sep
36% Oct 16 52% Feb 17 37 Nov 49% May
80% Oct 15 99%Febl6 87 % Nov 100%J'ue
90 Aug 5 126 Mar 4 40% Jan 135 Oct
80 Sep 25 98% Jan 20 85 Jan 101 Oct
107% Oct 12 134% Jan 8 113 Nov 135% Mar
116 Aug 6 122 Feb 13 115 Jan 122 Aug
117% Oct 8 169 Feb 18 I6O34 Jan 1 86 Apr
7% Oct 111 14% Feb 25 12 Dec 17%Jan
65 Oct 15 80 Jan 31 73 Apr 80% Sep
58 Oct 23 125%Feb25 80 Dec 146 Feb
53
Sep 24 225 Jan 21 210 Jan
Oct 15 15% Jan 29
7% Dec
AuglO 55 Jan 6 41 J'ne
Oct 13 82% Jan 6 7334 Aug
AuglO 122 Jan 3 {130 Jan
Oct 12 22 "8 Feb 18 14% Jan
AuglO 222 Jan 7 205 Dec
170
300
235
5
40
25
90
690 10
2,955 164
100
4,735
2,165 94%
2,250 22
73
37
1,543 20
136
3,650
9
340
346 60
29
33
70
i\.ug
6 119
Jan
2
114
Aug
14% Apr
253
53 Sep
110% Apr
Mar
24% Oct
2303i Apr
{140
Dec 126% J'ne
Oct 12 35 Mar23 2534 Dec 383^ Mai
Oct 13 85% Jan 19 79% Dec 90 Mar
{23
23
J'ly 24 34% Jan 6
27 Dec 33 Deo
148'4 148 Hi
Sep 28 204 Feb 16 ol70% Oct 334 Apr
11
{10% 10% International Paper
J'ly 28 19% Jan 5
16% Dec 23% Mar
61
{62
62
Oct 12 74 "4 Feb 6 70 Dec 77% Jan
Do pref
•28
28
28
•28
•28
30
30
30
30
30 International Power
Oct 6 73 Jan 19 49 Dec 199 Apr
"31
30 34 •30 34 Internat'l Steam
•31
34
*31
34
34
Oct 12 46% May 8 40 Dec 57 '4 Mar
Pump..
•70
•70
•68% 75
•68% 75
75
75
Oct 12 89% Jan 12 82 Dec 95 Oct
Do pref
•68Hj 75
•6
6"^ 8 Manhattan Beach
9
9
Oct 19 Apr
6H> 10
6% Sep 28 13 May 13
9
9
*6Hl
36
33 Hi
34% {34% 31% National Biscuit
33% 34>4 33% 34% 34
2,730 32 Octl" 47%Febl7 40 Nov 53 "4 Mar
'4
96394% 96 •95% 100 •95% 97 •96% 97
Do pref
290 94 Oct 16 106%Mavll 10134 Dec 109% Apr
96% 96H2 }95
•11% 13
12% 14% •12 14% National Lead
•12
13
14
400 ll%Oct 15 29% Feb 5 15 "2 Jan 32 Sep
11% 12'4 13
*75'4 80
•77
•77
80
•76
80
80
100 75 Oct 15 95 Feb 10 78 'e J an 06 Oct
75% 75% 77% 80
Do pref
•110
•105
•108
117
•105
115
116
116
110
114
118
New York Air Brake
700 105 Oct 12 177 Jan 2 148 Mar 19b' Apr
115 Hi
"72
76
74
76
74»4 •72
74
76% •74
74% North American Co., new 2,020 68 Sep 28 124% Jan 7 88 Jan 34 Sep
74
73
20% 20^4 20% 21% 21
21
19Hi 19%
20
19^8 21
2,200 17 Aug 5 42% Jan 7 37 Nov 49% Mar
20H!
Pacific MaU
90% 91Hj 90Hi 91% 91
95% 93% 95
93% 94
eop. Gas-L.cfe C. (Chic.) 22,210 87% Sep 28 108% Feb 10 98% Jan 109% Sep
91^ 92
29I4
31
32
31%
32
31%
31%
31
3IH2
30
31
30Hi
Pressed Steel Car
4,690 28 Oct 15 65% Jan 26 39 "Jan 63% Oct
69 74
69 Hi 69% {69
72
72
71
69
71%
6d\
877 67 Oct 15 9.'i Feb 2(1 8234 Feb 96% Oct
Do pret
213 214
217%217% {215 215 213 220 Pullman Company
510 196 J'ly 15 235% Jan 14 !15 Jan 2 50 Apr
214 214 •20d 215
•17
'17
•18
17
19
19
19
18
18
100 16 Sep 25 37 Feb 9 24 Apr 38% Sep
18Hi
I > ail way Steel spring.
•I6H1 19
•73
73 82
75
*76
75
7314 73I4
82
IVdo pref.
82
74
76
500 72 Oct 13 90 Feb 25 80 Apr 90% Oct
8
81,
8%
8
7% 7Hi Republic Iron & Steel
2,7U0
8
8%
7% 8
7% Oct 23 22% Feb 18 15% Jan 2434 Sep
8% 8H2
57 '4
55% 57
56
51% 56
51% 53 '2
55% 57
Do pref
11,930 51% Oct 22 80% Feb 18 68 Jan 83% Sep
67% 59
I4I4
14
14
>4
14
14
14% 14%
{13% 13% Rubber Goods Mfg
a4>4 14
14H.
2,132 12 J'ly 25 30 Feb 16 17% Feb 2539 Apr
•68
68 70
72
•68
70
70
70
Do pret
120 60 J'ly 25 84%Febl7 63 J'ly 74% Mar
70
S67Hj 67Hi •68
22 '4 Oct 15 72 Feb25 29% Jan 83 Sep
•25
26
27
27
26 Oloss-Sheffleld St. dfc Iron
27»4 27^4 •25
26
26
26% •25
47
•67
*66
72
71
70
{71
Do pre!
23 68 Oct 12 97% Feb 18 80%Maj 95% Sep
»7g
*%
1
*%
'%
4 Jan
Standard Rope & Twine..
% Sep 19 OHiPebll
8% Apr
IH.
1
1
1
"a 1
•'e
27% 29
29>4 SO",
28% 29 Tenn. Coal, Iron & RR... 14,885 26i4 0ct 15 68%Mar21 49% Dec 74% Apr
28% 29% 29% 30% 28% 30
24 27
24 27 Texas Pacific Land Trust
•24
27
27
27
26% 26% •24
iOO 22 AuglO 40% Jan 7 35 Jan 44% Feb
5% 5%
nion Bag<fe Paper
120
4% J'ly 25 15 Jan 19 ll%Nov 18% Apr
U'Do pref
65
65
72 Jan 85 Apr
{65
66
145 65 Oct 13 7934 Jan
6 Sep 3 15 Feb 20 10%.May 17 Oct
U. S. Cast I. Pipe & Foim.
"35" '35"
Do pref
600 36 Oct 23 55 Feb 25 42 May 59 Sep
•101 106 5101 102 Hi 100 105 100 106
100 105 •loo lOo United states Express...
110 95 Aug S 150% Feb 4 97 Jan 160 Aug
7I4
7I4
7
7
7
7
7
United
States
6 Sep 28 15 -4 Feb 11 10% Dec 15% Sep
Leather
4,000
7%
6%
6%
Do pref
76% 76>, 74 Hi 76 H 74 Hi 75% 75% 76'4 76
76% 76% 76 H'
4,190 71% Oct 15 9634 Mayl2 79% Jan 91% Sep
5%
6% 6% •5% 5%
806
6% Oct 12 28% Jan 2 20 Nov 32 Oct
5% 5%
5% 5% U S Realty* Construction
J5% 5%
•36
35 "2 35%
•86
37
36
36
36
36
37
Do pret
85% 36%
3514S6P 11 73 Jan 2 64% Nov 75 % Oct
1,82
-9
914 10 United States Rubber....
•9% 10
'9% 10
12
7 J'ly 27 19% Feb 10 14 Jan 19% Oct
100
«8Hi lOig {10% 10'4
35 38
-34
35
36
38
38
37
36% 36% 35
Do pref
210 30% J'ly 27 58 FeblO 49%Dec 64 Mat
2934 Dec 46% Jaa
14% 14H2 12% 13% 13% 14»4 13 Hj 14% 13% 14% 13% 14 United States Steel
Tl ^0,400 12 Hi Oct 12 39% Feb 5
57% 60
58
Do pref
61% 62^8 5914 62
69% 58% 59% 58% 59'4
271,557 57 '4 Oct 13 8934 Jan 7 79 Dec 9734 Jaa19
19
20
19% 20% 19% 20
18Hi 20% Virginia-CaroUna Chem.. 4,210 17% Sep 28 66% Feb 19 54 Dec 76% Apr
19Hi 201*
19Hi
•85
90
90
»5
92
90
90
Do pref
88
88
{90% 90 14 •85
310 80 Aug 4 128% Feb 18 120 Dec 134% Sep'
•17
•16
•18
16
20
20
18
20
20 Virginia Iron Coal & Coke
18
80>a 2OH2
250 17 Sep 28 39% Feb 2 5
Vulcan Detinning
23 J'ly 22 3334 Jan 9 29%Nov 33% Nov
Do prel
70 Sep 14 81 Jan 19 78% Oct 81% Deo
•200 2J5 •200 220 •200 225 200 225 200 225 •200 220
{191 J'ly 14 249 "2 Feb 6 {186 Jan {255 Aug
Wells, Fargo & Co
82
82
est'n Union Tele'gpli
8IH1 82Hl
81% 82
81% 82
81% 81% 81% 81%
3,755 80i4Sep28 93 Jan 14 8434 J'ly 97 % Aug
135 140 130 130 131 134% 132 132 133 134 134 134% West'gh'seEl&Ml'gassen 1,550 130 Oct 13 221 Jan 7 169% Jan 233 Sep
*160
'160 200
'•162
•160
Do Istpref
160 160
160
180 160 Sep 19|224 Jan 7 180 Jan 234 Apr
X25
26
74% 71%
Do
pref
DistUIers Securit's Corp,
General Electric
6%
,
,
O
7
^6
,
BAKKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
210
Wash.H'hts'., 200
West Side^i.. 500
Yorkvilleli .. 375
Ask
VarickTi
Atlantic H... 105
iorouirlil
125
Broaiiwayli.. 300
..
Sprague
135
Con'yI&BBT 110
First
•
1
390
ASk
100
Trust Cos.
Bid
CITY
Bankers' Tr. 270
Trust Go's
Bid
210%
220
315
Bowl'gGreen
Broad wayTr.
C'lK'tyB&Tr
Central Tr'st
City Trust...
(ioiouiai
Common w'th
Continental
Exchange Tr
190
Farm Lo<feTr1 tl440
147% 152% F'ifth Ave Tr
400
Guaranty Tr tG77i4
1900 2200 Guardian Tr 155
305
Knick'rb'k'r 890
Lincoln Tr... 360
3 00" 325
50
70
McV'ck'rRty 225
Manhattan .. 500
650
Stuyv't Htsli 175
Unionlj
150
Eastern Tr.. 130
Empire State 150
120
Equitable Tr 675
WaUaboutU
Ask
Ask
N. Y.
Manuiactrs'. 325
Mechanicsll 210
Merchants'.. 115
Nassau
360
Nat City
305
North Sidelj. 215
People'sVi
215
17tli WardTi- 140
BKOOKLTN
Brooklynli
Bid
Banks
BROOKLYN
.
290
200
140
160
700
560
165
iiOO
375
230
Mercantile .. 1000 1050
Merchants'.. 220 240
Metropolitan 575
Trust Co's Bid Ask Trust Co's
Windsor
MortonTrust 870 885
Mut.AUiance 240 260
BROOKLYN
N Y I.,ite<fcTr 1000
Brooklyn Tr
N YSec&Tr 1150
Flalbii.tU
North Amer. 260 265
Franklin
Real Est Tr't 390 410
Hamilton
340
320
StandardTr't
Kings Co
Tr Co of Am. 220 225
Union Trust 1350 1450 L Isl L&Tr.
Nassau
USMtg&Tr 400
Unit States
U491
VanN'denTr 200
215
Bid
220
200
375
190
200
365
300
400
295
250
People's
350
Williamsb'g. 250
I
375
270,
Washington. 400
Bid and asked prices; no sales on this day. { Less than 100 snares, t Ex ri<;nts. d J. P. Alorg;an & Co. certificates.
bale at Stock Exchange or at auction this week.
Er stock dividend, s Trust Go. certificates. D Banks uxarkea with a paragraph
(H)
are State
banks
'
—
1
;
ITew York Stock Exchange— Bond Record, Friday, Weekly and Yearly
ot:cuPViN«i
BUM»
I^ce
stock exchangk
Week Exdino October 23
U S
U
a
US
US
U
U
S
S
U
t>
U S 4s
U
U
S 4s coupon
S 58 resistereil
S 5s coupon
U
notion
Jiiylt
Q-J
1073s 10ti»8 Oct
107 \ lOtf^"* Oct '03
107
107
'0.;
Q-J
y-F
Q-F
Q-F
y-F
108 108»j 107'ROct '03
10834 109 S: 108^O0t'0i<
107 J'ue'O'.IOC's A«g'03
lOoHi
111
111
Gold 6s
106 4 108 's
109 IIII4
IO9I4 112
13414136's
135141371s
no's Oct '03
112
112 llO->i Oct '03
135 s< 13:>'sS>ep'0
192;)
134»-i
ly;
ISSSjiaii^* 135
iy04
1904
lom...,
1<
lOli-j
Oct '03
Aug'03
Registered
GeneriUgold4iaa
ot
Mexico
90 ....
1.. M-S
Tfieae are price j on the ba sis oi
92 ....
s t K Os ol Itiyy Q-J
•J
Stnte
!!>eciirilie9
class
4 to 5
A
Alabama
Class B js
ClasjiC4s
hese
are pr
JJ
K-A
95»aFeb'02
lour
98
ices
marks
Apr '03
ne do liar.
9612 98Sg
n the b asis 0/ $5<0 ii.
to
104^8 Sep '02
lyut
1901 J-J
lyiH J-J
1921 J-J
Ciirreucy tuuiUug 48
1924
Disl ul CoiumLiiii 3°Gr>s
Louisiaua new cousol 4s. .1914
Small
l»y4-iyy.i
Missouri tuuiliu>;
Nortli C;u:olnia cousol 4s.l91u
191il
68
1933
So Carolina 4 S;3 20-40
Tenu new settlement 3s. .1913
120
121
106
121
106
Nov'02
104
A-O
94>,.
ISHisJ'ly'Ol
120 Mar'Ol'
9415
94 Vj
"92'4;
93 's Oct "03
98 "s Oct '02
J-J
6%
94
97
9313 94I4
614
G^e
12
Uiiili-oatl
Hy
AlaUuuaCeui
i>ee Ho
i>e« bav Fla i& \\
6e;e Del<k
laba ilull
tfc
tfee Butt U <fc P
iV; West
6'«eCeutoI^J
1st
Arbor
/il995 Q-J
Ann
g 48
AtcU Jc S Fe gen g 4s.. .1995 A-O
'i'
1995 A-O
/ilyU5
/tl995
/il995
Registered
S5liimi)eif
Nov
Nov
M-K
CUic & St Louis l8t lis. .1915 .Vl-S
Atl Knox <fc JSor 1st s5s.. 1940 J-D
Atlantic Coast 1st g48./iiy52 M-S
Atlantic (& Dauv ^'ee South Ry
Atlantic <V;-Vadk -S'ee SoutJi Ry
Austm
i<
cSi
W
i)e«
M
W
Bklyn
da
92ii2Sale
IOC's sale
9II2 9588
9412
94
9914IO31S
Wiscfe
9413
iSh,
94
92>s
30
98^4
100 's
99
•JU4
99
ys'e
91
9118
9014
91
75 J'ly*03
86^4
89
sale
iS'aSale
96I4
91
9713 10278
97 10208
86 »a 9234
Hi
18
75
75
....
6V
84
114'sOct
90
90 "s 121
9284
'I
90
Si
Sale
89 la 96
J-J
Q-J
?5''8Sale
A-O
loo's Sale
Q-J
M-S
M-N
Q-F
M-N
931^
*97""";:
95 Hi Sale
89 Sale
87
^:i *105
M-S IUCI4IIO
J-J
Mah
.\I-S
Southwest iaee Erie
Butt & susQ 1st rel g 48.(^1951
Registered
dl951
Bur Cedar R <fc ^'o Ist 5s. 1906
Con Islife col trust g OS.. 1934
Registered
1934
BuQalo
,
,
95 Is
31
8912 134
90'4 J'ly'02
114i4J'iie'02
108
Sep
86^2
971s
8934
'02
CB IF<fciS'
1927
190b
1913
1913
Cent
& Shawn See 111
Carolina Cent See Seab & Roan
Cartilage <fe Ad SeeN
H
Carb
Oct
'03
103 Apr'97
124'4J'ue'03
126a8Jan'03
120
121
112
1181s
12414128
125
12538
J-J
J-J
J-U
103
103'4 104
112
A-O 115 '4 117
A-O
'03
1 03
Oct
121 Apr'03
12012 Mar'Oo
118
Jan
120
Mich Div IstgGs
'02
J-U
J-J
M-S
M-b
1031s
1051s
107
103a4
106
Aug'03
Incomes
Chic Rock X8l& Pac
102 10512
1041s 1 08^8
1041a 107
Registered
General gold 48
Registered
CoU trust Series
Ceu Branch U Pl8tg4s...l946 J-]J
Cen Branch Ry See Mo Pac
Central Ohio See BaJti & Ohio
Cen RR & B ot (ia col g 5s 1937 M-N
Cent ol Ga RR lat g 68..pl945 F-A
Begistered
pl945 F-.4.
1945 M-N
Consul gold 58
Registered
1945 M-N
Ist pre! income g os
pl945 Oct
2d pret income g os
pl945 Oct
3d pret income g os
pl945 Oct
Chatt Inv purmou g 48.1951 J-ii
J-J
86
92
92
J'ne'03
H48
M4S
94 14
N
106
leu's tod's
IOC's
105 la Sep '01
OS's 65
66
Sale
27
271'.,
ISi-.
Sale
18
92 Aug'02
27
18
102
Mid Wa <fe Atl Div OS
1947 J-J
Mobile DiT 1st g 5s
194t> J-J •103
Cent or N J geu'l gold 58.1987 J-J 130 131
Registered
/il9«7 Q-J
128
Am Dock & Imp gu 5s. .1921 J-J lOti^f,
108i4Sep '02
102 J'ne'99
103 J'ly '03
130
ISO'Sf.
12712 128
109 Aug'03
Chic
IO4I2 10334
122 la 12215
B
48
P4s
IO512 1061a lOiisJ'ly'OS
122 122 Is Jan '03
RI&
Pac
83
36
7134
8334
74
195
9 8 's
7934
831,
'7034'
79 la
981s
89 la
93
toy's Aug'03
1
iom»
97
09 la 109
V
104i»
101
1021^10814.
101 Aiig'03
196 4 106'-^
100
114
10438 les
113 117^8
105 11038
J'ly '03
10ij»8Oct '03
12939
12938
no's 116's
Dec'O
Sep '03
120
111
.
10434
Dec '02
Jan '02
11 61a
Apr '03
111
114
.
U634
.
11534
.
109 Aug'03
137isJ'lv'99
US'^s
110^8.
L27'i8
117'^8.
10534
.
1127g
,
no's
,
114=8
112
'4
113
116
131
13 lis
Is
Sale
J'ly'03
132
104ioMay'o3
1063^ Oct '02
9812
98
98 "s
103 Nov'98
114
112 May'03
110'8May'03
1071410815 107
107
10634 Mar'03
105"s....
107
109 106i4Oct'e
104 Sep '03
108 14 Sep '03
1U8=8
114 Oct '01
114 la Aug'03
iii"'
123 May'Ol
11334 118=8
11334
iim
il6" il9»4
185
183
11234 115
I05I4 IO5I4
lid's II3I9
109 'e 1131a
117
113
119
3 I3OI4 134
101 104 19
112
113
116
16
95
la
101
112 112
110»8llO»e
106 1091a
10634 1071a
10378 109
104 104
105iall2
'
114'all8ia
Nov'02
Oct '02
105=8 May'03
114 Oct '03
12812 Sep '03
116i4 0ct '03
113 "s 115
1301b
liV's
13018
142'sF'eb'02
128=8 Aug'03
107 ig Feb '01
109 Sep '03
1241a 124's
122 Oct '03
102
104
107 Jan '03
Vil^
102
124's
123=8
104
1171a
106
108
104 's
104
1917
1988
1988
4s... 1904
1910
1915
1916
1918
112
111
112
109
.
lO?"*
102=8
120»8
116icll6ia
J'ly '03
Muy'03
II6I4I20
111
45 103
LI534
1123,
11234
109^8 Aug'03
114^8 Oct '03
1361a
121»»
107=8 111%
165 178
111 111
.116 Aug'03
10738 Aug'02
183 Feb '03
11234 Sep '03
105
10534
IIII4
127
113
I24I4I3O34
108 II318
117
il7
Ill's Sep '03
,
Lllifl.
lOOia
100
J'ly '03
1061s Oct '03
.
68. ..1917
Sale
105»hl05»g
lll=8ll538
27 le 132=8
1
11413125
128«sl33it
1
"196
Aug'03
98
109 109
I21i4l27>s
120 "a 127
..
99
107
98
108
107
98
'\
)
'":
9y78J'ne'02
99i2J'ly'02
9938J'ne'02
87
RR 48..2(J02
71I4
7339 Sale
Aug'03
7334
397
Re!-'istered
74 Sale
94 le
901*
941*
10034
7012
72'7
.
•
69 12 893*
96I4
9514001 '03
90 Oct '03
94^tf Jan'03
,
,
75
8212 95
68'^ 89
88 14 8S^
8&i4Jan'03
Coll trust gold 5s
<fc Ft D Ist 4s
1st 2 "as
Kxteuslon 4s
90
9434
98%^
93
94^
ie6>3l08^
106«aJ'ly'03
1
.,.,1
M
132
136
128
127
12018
I
1
UOiND.S—Continued on Next
'03
94'^4
.
DesM
109
Oct
12534 12512 12534
108 J'ly '03
10938.
1 09
Sep '03
167
167
167
109
111 May '03
109
lea's 109
:
.til!SCl!:i..l<AM!:OljaS
94
1121.^.
2002
1913
1905
1905
1905
80
65
1923
lst5s
DesM
3978
Keokifc
23
Cliic ifc St L See Atch T <fe Sa Fe
18
27
Chic St L & N O See III Cent
Chic St L & Pitts See Peuu Co
& O con 6s. ..1930
Chic St P
CliStP<fc Miun IstgOs 1918
103 103
I26I4 134
Nor Wisconsin Ist 68. ..1930
12534 1331s
St P cfc SCity 1st g 68...iyi9
Ter Trans g 4s... 1947
Chicago
108'4ll3''2
32 102
8I34
Sa'lV
*125
1924
1907
1911
Convertible deb 5s
103'2l04
105
103
Sale
.
West
&
122
1201a 1201s
9714104
92
98
Si
83
.
l8t g 6s 1921
Mil L S <fc
Ext imps fund g Ss 1929
Asliland Div Ist g 6s. .1925
10034 105
20 H4isli9'4
'74'
.
M L 68.... 1910
No
llt>'-2
Oct '03
Oct '03
loo's Oct '02
98
92
94
lOG
112=8.
I07I8.
*130
116
Ott C B' &
Winona
J'ne'02
CedRlaF&N ieeBCR&X
Street Knilway
Brookij-n Rap lY g 5s
1945
Atl AV Bklyn imp g 5s. .1934
atCit^y 1st cou 53.1916,1941
jak QCoifc s> con gug 58.1941
Bklyn Un El Ist g 4-58.1950
Kings Co El l8t g 48
1949
NasHau Elec gu g 48
1951
City cfc S Ry Bait Ist g5«. 1922
Sonu Ry<fc Ll8t<&relg4'as'5!
Den Con Tr Co Ist g 58...193;.
Den Tram Co con g 68..191ii
Met Ry Co Ist gu g 68. .1911
t)et Cit St Ry Istcon g 58. 190."/
Br Rapids Ry 1st g 5s...ol91u
Louis Ry Co Istcon g5s..l930
Market St C Ry Ist g 68. .191::
Met St Uy gen col tr g 58.1997
1101-2
1101.^114
lOyisAug'Ol
5s. ...1910
St Paul Ist 5s 1909
tfc St Pet 2d 7s. .1907
YV&
Uac<& NorUivlBt g58.194t}
102i<»
115 hi Sop 'o:.
U5isll5ia
lOlig
lOl't 200 loo's 10634
103 Apr '01
112" iV'i"
112 M!ij''03
97«B.
North lUiuois 1st
Wlstgu58.iy21 A-O loo's.
Canada South Istos
^2d 5s
Registered..
C
112l8ll3>4 113
<&
M & St L Ist gu g 78
100
116
108 1«.
10038,
1061a.
1913
1915
Chic (feNorthw cons 7s
1886-1926
Kxtensiou 4s
1886-1926
Registered
3
1987
General gold las
Registered
^1987
Sinking lund 68.. .1879-1929
1879-1929
Registered
Sinking fund 5a.. .1879-1929
1879-1929
Registered
1909
Debenture 58
1909
Registered
1921
Debenture 53
1921
Registered
1931
Sinking fund deb 5s
1933
Registered
DesMo&Minn Ist 7s. .1907
Madison
Mtlw&
lat 6s.. 1905
106
91
97
88
A-O
Ist gu gos
1943 J-J
Roch <fc Pitts Ist g t)3.,.1921 F-A
Cousol Ist g bs
1922 J-D
Ji;
loo's 1U4
loo's
116'4
9434 Sale
1st
1st consol 68
&
CI
JJiyti,
Sale
lOO^s
Minn Divgos. ...1921
Mil &
98I4 10288
Montauk aee Lung 1
West .bee Sav Fl <fc W
Bruiis &
Erie i^ee Krie
Bultalo ii Y
Bullalo R<fc P gen g 5s. ..1937
All <fc West 1st g 4s gu..i9y6
Low
Apr '02
10434 Apr '00
W
Sou l:*actlit
Ijat Creek & S aee Micli Cent
X)alt <fc Ohio prior lg3'2S.1925
Registered
/il925
Gold 4s
/il94S
Registered
/tl94»
Couv deb 48
1911
P J un & Div lat g a 'asl925
Registered
pl925
P L K & Va Sys ret 481941
South w Div Ist g3'as...l925
Registered
/i.1925
Monou Riv 1st gu g 53..1919
Ceu Ohio R Ist cg4'28..1930
Beech Creek Hee H Y C ite H
Belle V & Car aee ilUnoisCeul
Aug'03
no's J'ly '03
no's Aug'03
1941
95'o 98
94 "-i Jan '03
305
99'8 101
99^4 Oct 'OS
97 Oct '03
88 Aug'03
AUeg
Am I>ock& Im
Ailjustnienl g 4s
Jiiyli A'o
105
109
93
103
Ghic Mil
AUcylieuy Valley iVePeuu Kl<
Kegislered
January t
loo's
loo's
10134 Sale
1922
DouisvN Ac&Clil8t68.1910
<fc St Paul con 78 1905
1914
Terminal gold 5s
General g 48 series A..el989
el989
Registered
General g 3 las series B .61989
el989
Registered
1921
ChiOife LSuDivg5s
Chic & MoRiv Div 5s... 1926
1910
Chic & Pac Div 6s
1921
ChiCcfc P
1st g 58
1916
Dakife GtSogSs
1924
Far & Souassu g 6s
1910
Hast& DDivl8t78
1910
1st 5s
1908
I & D Exten IstTs
Lacrosse <fc D Ist 58.. ..1919
1910
Mineral Point Div 6s
1910
So Minn Div l8t68
1909
Southwest Div Ist 6s
Uud
busii
Since
Last Sale
100
1001a 101
no's
Registered
1949
Iowa Div sink fund 5s. .1919
Sinking nuid 43
1919
Nebraska Extension 43.1927
1927
Registered
Southwestern Div 4s
1921
Joint bonds See Great North
1913
Debenture 5s
Han <& StJos cousol 6s. .1911
ChiCife K mists lour 68.1907
1934
let cousol g 68
1937
General consol l8t5s
1937
Registered
Clue & Ind C Ry Ist 58.1936
Chicago & Erie See Erie
Chic lucfe Louisvrel 63. ..1947
1947
Belunding gold5s
J-J
J-J
al911
1939
1939
1992
1992
1940
58
g4s..l98y
1989
g 5s. .1941
Denver Div 4s..,
lUinois Div 3133
109 '4 Oct '00
102'sMar'O
111 Maro
121 Mar'03
100 Apr'03
109 "a Feb 'uy
J-J
J-J
J-J
Small
Virginia luml debt 2-3s... 1991 J-J
J-J
Registered
«is delerred Brown Bros ctls.
Albany
Hanae
Jiaiiye or
Ask Low
Bill
Registered
Craig Valley Ist g
R <fc A Div Istcon
2d consol g4s
Warm Spr Val Ist
Greenbrier Ry Istgug Is '40
Clue <fc Alt RR ret g 3s.. .1949
Registered
1949
Eailway Ist hen Siaa... 1950
Registered
1 950
Chic B & Q— Ch <& laD 68 1905
101>-.101is
lOiaslOS^t^
lei's Sep '03
102 Sa....
Isl consol g OS
Forvigii lioveruuieut
S
f^ittay
October 23
<fc
Frauklon-on-Maiu 3S:sser
V
Week's
STOCK EXCHANGE
January 1
Wkkk Endiko October 23
Au Low High Central ol N J (Continued)
Le
Hud R gen gu g 5s 1920
Leh & Wilks B Coal 58.-1912
106 109 12
106 108^4
Cou ext guar 4'ss
yl910
N Y Long Br gen g 43 1941
Cent Pacific See So Pacitic Co
106»4l08's Charles & Sav let g 7s
1930
10612 109 >* dies & Ohio g 6s ser A..hVMi<
N. Y.
Since
ifc
/iiyo
/iiyo
resfislereit
i'A(;es
Jianfft
or
Last Sale
Ask Low
S -Is rejristert'a
S 4s coupon
I)
U
October S3
X
(^uveniiiioiit
V.
"Js cousoliojustereil.UlOoO
(Uy3li
'Js cousi'l foupou
"is cousol resr small. .ciiyan
23 cuusol coup small. <iiy80
A.iyi^
3s re.sislercd
tiyi?!
3s coupon
3s re?; siiukU bou^ls..fclyl^
3s cou suiall Uouda..fciyi.S
US
Week's
Kanye
frill a u
n. y.
KOi'K
12813136'^
13II4I37
126 126
133
133
131i4May 03
126 Sep '03
12338 Sep '03
7334 tJale
731a
,
'>.
12314126%
711a 86
733,
.
J'age.
Street Railway
A-O
J-J
J-J
M-K
F-A
FA
J-J
J-D
J-J
A-O
J-J
J-J
J-J
J-D
J-J
Sep '03
102 10713 Met St Ry—rCoJURef g 4s2002
Col&9thAvlstgug 58.1993
Jau'99
I07I4I08
Lex -W & P F 1 St gu g 5s 1993
108
6 106 110
*98
Third Ave RR con gu 4s 2000
loo's Sep '03
98 1021s
96 14 Sale
Third Ave Ry Ist g 58. .1937
96
96'e 96 94 104 14
84 "s Oct '03
S El (Chic) Istg4s.l93>
83
89 Is Met
a4
8512 J an '03
851a 85's Mil El Ry <fe L 30-yr g 58.1920
Minn St Ry 1st cou g 5s. .1919
90 "2
8813 90's 90 "a
901a 00 Is St JoRyLtH&P Isl g 5s. 1937
•St Paul City Cab con g 58.1937
95 J'ne'0(J
Union El (Chic) Ist g 58..194.'j
United RRs San Frsf 48.1927
United
Rys St L 1st g 48.193
Nov'Ol
103
\V Chic St 40-yr cons g 58.1930
109 Mar'98
,100
S
S 111
W
Hun and
J-J
F-A
93
104
lie
108
.
llOis
1 1 1 14
Oct '03
110>4l20
110 1171..,
Bwaydi:7thAvl8tcg5s 194/, J-D 112 114 lie Oct '03
*£io price Fnday; latest price this weeK. a Dae JaB ei Due Apr
e
Due
.day
j/Due.j'ue
94
Is
Sale
J *1
17
'2
120
A
A
J
N
89
961a
112 121
12114
116
983*
91
115 122
94141021a
J'ly '03
9218
941.2
117 Is Sep '03
96
Oii'-.,
lot;
Oct '99
lie J'ne'02
'-J
105
•97
'i
103
J
7634
J
,
77
82
N
1
09 '4 Apr'03
1
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76=^
109 14 113
Dec '99
77
8438J'ne03
99 Dec '97
72
v.-)
SOI4
84
857^
KIcctric Liglit
G L Co
Istg 58. ..1947
Bklyn U Gas 1st con g 58.1045
Atlanta
J
Aug'03
Oct '03
89
112
116
/i
Duo
.j'ly
/c
.f
tA
D
i\
114
Duo Aug
;>
Sale
114
114
23 II2I4II7
Duo Not gDue Dec soption
sale
H
JJ
.
Bond Record—Continued— Page 2
'.Oct. 24, 1903.]
BONDS
stock exchange
n. y.
vvekk Ending Octobkk
-"t
2:$
fridav
October ?3
Intt
cen
sr
9l93i
(is
West Mich Uj-53..1i>21
CbocUk<fe « sen p 5s ...ollUii
Gin
D cousol s f 7s...HHi5
Chio<fc
H&
M
D
n
JJ
.\.-o
103
....
10218.
ReKlstereil
<fe Col Div 1st
Spr
C
ir4s...li»4(l
63..1i>-J0
1
l8t trohl 4s
ReiTisteretl
&
J-P
J-J
J-J
CC
.
M-N
Arl'JSti
Q-F
tllKii!
Q-K
.
Clev
W
W
&
ilahou Val
ti
5s...l93t< J-J
<fc
I'ltls
109
107
"11114
iis'
Q6\ 148
96
96 "o Sale
97 >4
97
101
0ct
953^ Sep
90 »8 Oct
103 Oct
U)l>-2
102
'02
"03
'03
'02
Dec '02
95
.Set!
194 J-J
Colorailoifc Sou ist K4s...l92y F-A
Coluni & Greeuv Hu So Ky
Col cfc Hock Val See Hock Val
Col Conn it Term .See N &
Conu <fc Pas Kivs 1st g 48.1943 A-O
See
Jt St P
1 \ak & Gi So
CM
M
&
&
K&
let consul guar 7s
1915
1915
2000
1st ref KU iroi-^s
N y Lack i"W 1st 6s... 1921
Coustnictiou OS
1923
Term & improve 4s
1923
SyrBiug <fc K Y 1st 7s. .1900
Reeistered
Warren 1st reff;us3'^s. 2(100
& Hud 1st Pa iJiv 7s. 1917
Del
Kosrislered
1917
Albife Sus Islcougu7s.l900
l!K)i
Rosristered
Guar gold 6s
looG
lliOO
Kexistered
Reus <fc Saratoga Ist 7s. 1921
Rejnstered
1921
Del Riv KR Bridge See Pa KK
Denv<& R Grlsl con g 43.1936
Consol gold 4^3
1936
Improvement gold 5s. ..192s
Rio Gr So gu See Rio Gr So
Den <fc S West gen s t g 58 1929
Des Moi <fc El D ^ee C R <fc I P
95
99
94 >a 95
\V>^
123
125
128
104"
9734'
lll»8SPl''o;^
120 J'ly'03
1U»8
11414
120
129
Sop
128^4 001 '03
133
12713133%
61
109
M-S
(\fl-N
J-D
J-D
J-J
'110
93
26
61>..
Oct
128
63^4 Sale
'03
of)
109
100
K2
bS^a Sale
6334
85^8
62
82
80^8
94
"a
iim.
114
131ie.
133 '-8
J'ly'03
13132
113 117
129141331a
130 "a 1341a
131
13934 Aug'(l3
Oct '98
140
127^4 Sep '03
10938 Sep '03
10134 Sep '03
12914.
IH»8.
A-O
A-O
Sale
AO
AO
io4ii^".;;i!
M-K
14214
J-D
J-D
lOSH
10534 J'ne'03
M-N
M-N
M-S
M-S
1920 A-O
14334 Nov'o:
147i2J'ne'0:
eawjioo
99
45
40
100
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io5"
104 Oct '03
'......
111
40
W
M
M
J
J J
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J-J
J-J
FA
J-D
J-J
J-J
Erie
<fc
Pitta
See
& T H Ist cons 6s. 1921
Istgeneral gold 5s
1942
Mt Vernon 1st gold 6s.. 1923
Soil Co Branch 1st g 5s. 1930
Et& Ind Ist con gug68..1926
l7argo <fc So See Ch
& St P
lint <fc Pere
,S'ee Pere Mar
X
114
115
113»a
111%114
IIOI12
IIU4
M
M
91
931a
75 1-2 Aug'03
83
81
109 Sep '03
751a 85
80
92
10818114
1131a
11138 115
113
Oct '03
112iall5
114
111
112
117
May'03
Oct '0
Aug'US
114
111
112
J-J
106
Sale
J-J
Carb&Shaw 1st
Chic St L & N O g
113
100 10
IO6I4I.09 34
'
107 110
J'ly'03
92^
94
92
92>a
379
10
105
106
100
J'ne'03
8719 95
89
944
10238 106>«
17 104
109>|
100
105*4
JJ
J-J
J-J
F-A
J-J
J-J
J-J
J-J
J-J
94
9914
Mar'(i3
9914
1021a
1021a
H)2ia
10334 .Sale
102 Oct '01
103 "a 10334
104
104^8 Mav'02
10612 Mar'03
921a
108
!
114
II3I4
112
Dec '02
City Sou Ist gold 3s. .1950 A-O
Registered
1950 A-O
Kentucky Cent See L <fe N
Keok & Des Mo -See C R I <fc P
KuoxviUe cfe Ohio See So Ry
Eriecfc Wist g 5s. .1937
2d gold 5s
1941
North Ohio 1st gu g 5s.. 1945
L Sho & Mich S See'N Y Cent
Lehigh Val (Pa) coll g 58.1997
Registered 5s
1997
Leh Val N Y 1st gu g 4ias.l940
Registered
1940
Leh VTerRy 1st gu g 58.1941
Lake
14 117'4l21l2
J-J
113
Ocf(J3
Oct '98
Aug'03
Aug'03
10034 Sep 'OS
100 Sep '03
108 May'03
11212 114
Unitled gold 4s
10913.
110
1121a
Debenture goldSs
Bklyn & Mont Ist g
108
114
107
98
100
109 Vi.
.
.
.
106
118
Aug'02
114
109
110
lOS
103 12.
.107
116
104
112
107
Sep '03
'03
Ist consol gold 4s
9112.
Friday; latest bid and asked this week.
94
'Mh
23 102i4l04>a
"i
loi 1410334
106 i-j 106i«
911a 99
May'99
ioi'i-i'
Oct '03
lOligOct '99
100 Nov'OO
103 'a Sep '03
11838.
124
90
PD34
853*
911a 97
911-2
1031^ 111*
Mivy'Ol
US
Nov'98
Oct '03
117 Oct '03
104'8Apr'02
118
117
10618 Jan '03
106iel06i8
]25i2
117
Mar'02
101
1071a Sep '03
107 la Dec '02
107121071a
97 Sep
120 >2 1201a
95 Oct '03
74i4Feb'0,
11812 12318
'03
97
lOO'ftOct '03
92
102
9414IOO
75
70
108 1151a
Aug'03
91
93I3
65 14 6534
.
107
107
116%
11114
641a
71%
A-O
110 la Feb '02
M-N
M-N
105
J-J
J-J
10434107
104i4Oct '03
104
11034
109i2J'ne'02
11358 J'ne'03
109 12 Oct '99
II312II4
104i2Sep'03
ioii^ loi'ia
J-J
J-J
M-S
M-S
A-O
A-O
Q-J
J-D
M-N
J-J
J-J
M-N
M-S
E H <fe Nash 1st g 68. ...1919 J-D
LCin& Lex gold 4 las.. .1931 M-N
l8t gold 68.. ..1930 J-J
2d gold 6a
BON OS—Continued
1151a 120
low 113=8
1091a 1141a
1161a
nil.
109 la Oct '03
105%'.'.'".
"911^" 96'
Oct
91
"9'l""97"
'03
Mar'03
100
100
11634 118
Jan '03
118
118
100
'03
Oct
9914IO2I4,
100i2J'ne'03
)ct '00
100
100 la 102
(
98
96ial00i2
96 la Oct '03
HI
Jan
'02
105 14 Mar'03
112 Mar'02
1930 J-J
IO514IO514
1121a Jan '02
116
,
1131a
981a Sale
11434 Sale
112iaApr'02
116 Aug'03
112 Oct '03
98 14
9834
100 Jan '02
11434
11434
82
114iall8
HI 113
97ial01ia
10 110
106 Dec '00
113
lli' 113
108i4Jan'03
10334
126
1271a 1271a
12234 Aug'03
122
11434
llliall4ia
IO8I4IO8I4
12OI4I29
12234 122»4
on Next Page.
Gas and Electric I^igiit
Mnt i'^el Gas Co iS'ee Peop Gas
Newark Cons Gas con g 58 1948 J-D
NYGELH&Pg
5s.. .1948 J-D
Purchase money
F-A
g 4s. ..1949
Ed El 111 Ist conv g 5s.. 1910 M-S
1st consol gold 5s
1995 J-J
NY&QElL&Plstcong5sl930 F-A
Paterson
P G & E g 5s. 1949! M-S
<fe
Peo Gas & C 1st gu g
2d guar gold 6s
6s.. 19 04
Ist con gold 6s
Refunding gold 5s
ChG-L&Ckelstgugos
1904
1943
1947
1937
G Coof Chlstgug5s.'36
Eq G <&FCh 1st gug 68.1905
Con
IO8I2
100
M-S
1911 M-S
lst5s
M
80
Oct '00
63
N YB<E;MBl8lcong5sl93b A-O
N Y<fe R B let g 58
1927 M-S
NO&M
N
65I2
6518
6s. .1911
117
nnd Electric Liight
Gas 1st gSs
1947 A-O
7976
70
74
74
74 J'ne'OS
Ch G L & C Co See P G & C Co
Con Gas Co aee P G & C Co
Detroit City Ga8g5s
1923 J-J
9334 Sale
95
9334 24 92 la 99
Det GasCocon 1st g 5s.. .1918 F-A
105 105
105 J'ne'03
EdElIUBku 6eeKCoEL<feP
Ed E lU 6e« N Y G & E L H & P
Eq G LN Y 1st con g 58. .1932 M-S 112
117 Dec'02
Eq G tfe Fuel See P G <fc C Co
Gaa<b Elec BergCoc g5s.l949 J-D
61 la Oct '01
Gen Electric d^'b g 3i9S..194'> P.A
8334 85 14
8334 Oct 'Ob
Or Rap G L Co Ist g 5s. ..1915 FA
10734 Dec '00
Hudson Co Gas 1st 5s. .1949 MN 103'
102 Oct '(;3
loi" 10518
icings Co El L <fe P g 58. ..1937 A-O
'lbs"
Purchase money 63
1997 .\-o iis'i 2 Sale 1131a II312
113>2l25
Ed El U Bkn Ist con g48 1939 J-J
93i4Mav'03
93 14 96 12
AiacGasLoIStLlstg58.el919 Q-F 105
10412 105
10234 IO8I2
Milwaukee Gas L 1st 4s.. 1927 M-N
95 J'ly '02
tr
23
neia.
J-J
Q-J
1938 J-D
1922 M-S
1932 J-D
1949 M-S
1934 J-D
General gold 4s
Ferry gold4ias
Gold Is
O&
(>n8
94
9914
/i.1931
Nor Sh B Ist con g gu5s ol932
Louisv <fe Nashv gen g 68.1930
Gold 58
I0713II2
1937
Unified gold 48
1940
Registered
116 1221a
1940
Coll trust gold 5s
103 106
1931
CecUiau Branch 7s
1907
108
J'ne'03
J'ne'02
Oct
13412
9734 103
99 106»8
1071a Oct '03
J-J *114
1
J-J •IIII4.
A-O
1941 A-O
M-N
A-O
.
991a 103
8534 A.ig'OS
.
M
Kan
130
106
11214114
91iaOct '03
,
58... 1951
134iaJ'ly'03
11334 Dec'02
,
1171a
114
114
113iaMar'O0
99 la Oct '(>3
'99'
Long Dock 6'ee Erie
Long Island 1st cou g5s./il931 Q-J
Btifialo
No price
'03
J-
F-A
F-A
J-D
g 4s. ..1932 M-S
lOl^gJ'ne'OS
134 J'ly'03
lUISCEL,l.AJSJ!;OlI»
•
LouisvilleDiv gold3'2S.1953
1953
Registered
1921
Middle Divreg5s
1951
St Louis Div gold 33
1951
Registered
Gold 3I28
1951
1951
Registered
Spring Div Ist g 3ias... 1951
Western Lines 1st g 4s. .1951
Registered
1951
Bellevcfc Car Ist 6s
1923
1277s.
110J«.
J-J
Higti
102i4ll2»4
70
85
1.J
.1021a 102"8Oct'03
J-J
A-O
1st gold 3s sterling
M-S
CoU Trust gold 4s
A-O
Registered
A-O
L N O & Tex gold 48. ...1953 M-N
195: M-N
Registered
1950 J-D
Cairo Bridge gold 48
100
A-O
A-O
A-O
19
1951
1951
1951
1952
1952
Registered
Registered
lOl^glOl^e Leh V Coal Co 1st gn g 58.1933
132ial39
Registered
1933
Leh<fe N Y Ist guar g 4s.. 1945
130 Aug'03
130 135
9734 Sale
9734 110 9534 9934
Registered
9534
1945
ElCfe N Ist g 1st pf 68. 1914
97
98
97 May'OS
SSiu
Gold
guar
83 Hj Sale
8234
220 791a 88
5s
1914
Leh cfe Hud R .S'ee Cent ol N J
89 '2 89 12
9414 Leh & Wilkesb .See Cent of N J
59 87
89
127
1251.2 J'ne'03
125>2 13018 Leroy & Caney Val See M o P
,
Penn Co
Evans
9334 Sale
Q-J
H V lstexlg4s..l94S A-O
W Tex See So Pac
Houst K
A-O
A-O
M-N
General gold as
Terminal 1st gold os...l943 M-N
Regis §5,000 each. ..1943 M-N
WUk <fe Ea 1st gu gos.1942 J-D
.T-J
Cor<fc
llSifi.
J-J
Oct
107
W
See St L S
tr48 1921
1921
Registered.
Greenbrier Ry See Ches & O
Gull & S 1 1 St ref <fc t g 5s i»1952
Hancfe St Jo SeeO B & (^
onsatonic -SVe N Y N H A H
Hock Val Islcousolg4'as.l990
1999
Registered
coll
M-N
1937 FA
1940 P-A
2dgold4i2S
104
70
100
Low
M
Feb '01
1001^ J'ly'03
921^
92^2
1131a
102 14
S 129
S *125
J-D
iMar'98
10(!'4 Aug'O:;
104 14.
W
'"". 11138Feb'02
M-N
J-J
J-J
Feb '02
105
70
A'o
'00
lOli'"
IOII4
J-D II714.
1951 J-D
Registered
Gold3ias
1951 J-D
102 102
Registered
1951 J-D
136 137ie
Mempli Div Ist g4s...l951 J-D 102 14
15 107 IIII4
Registered
1951 J-D
St L Sou Ist gu g 4s. ...1931 M-S
ios'i^
10514
Ind Bl & West ,S'ee C C C & St L
Ind Dec &
Ist g 5s
1935 J-J IO6I4
193" J-J IOUI4.
Istguargold 58
Ind lU <fe la 1st g 48
1950 J-J
Int& Great Nor 1st g 6s. .1919 .M-N 12034 lt>2
93
32 97I4 9978
2d gold 5s
1909 .M-S
57
10411107
3d gold 48
1921 M-S
Iowa Central 1st gold 58. .1938 J-D 10978
104 108
*
85
Refunding g4s
1951 M-S
80
Jeflerson HR See Erie
40
A & G R 6'ee L S & M S
Kal
an & Mich Sec Tol & O C
K C Ft S <fe
See St L & S F
KC&MR&Blstg-ug 58. 1929 A-O
931410012 Kan C & PacUic 6ee
K efe T
102 Feb'03
136^2 J'ly'03
149 Aug'Ol
107
107
122 J'ne'99
i34'i;ii;i
107
"12
12634 1311a
10834 115
10134 103
l(;8iall338
&
W
99
104' la
Ry
1st gold 3128
IIOI4
J'ue'02
63
83 "a
M-N
A-O 108 "a Sale 108
FA
.M-S
MS
See So
Sep
loo
<fc
So Pac (Jo
Houst <fc Tex Cen
Illinois Central Ist g48..1951 J-J
1951 J-J
Registered
J-D
F-A
VG
Extended Istg3'a8
1937 A-O
1916 J-J
All g 58.. 1937 J-J
4th ext gold 5s
5th ext gold 48
1928
Ist consol gold78
1920
_et consol g tuud 7s
1920
Erie 1st cou g 4s prior.. 1996
Registered
1996
iSt consol gen ben g 48.-1996
Registered
1996
Pen u coll tr g 4s
1951
ButtX Y<fc Erie 1st 78.. 1916
gold 63
Butt <fc S
1908
Small
1908
Chiofc Erie 1st gold 5s. .19S2
JeB RR 1st gu g 58
al909
Ijong Dock consol g 68. .1935
Coal&RR 1st cur gu 68.1922
DoCk<fe Imp 1st cur 6s. .1913
N Y & Green L gu g 5s. 1946
MidRRotN J Ism 68.1910
K Y Sus & Ist ref 58.1937
A
S
JJ
High
/yoio
.See
95
93
.
&N
>V;
J-
J-D
ASK
since
Januarii I
<fe
ib'iiiNoV'Ol
Mack 1st lien g 48.1995 J-D 97
Gold 48
1995 J-D
92 "2
Del Sou 1st g 4s
1951 J-D
Ohio Sou Div 1st g 4s. ..1941 MS
SO
Dtil& Iron Range Ist 58.. 1937 A-O »106>2.
• "'aatof Minn
6eeStPM<fcM
Xljast Ten Va
Ga See So Ry
Elgin Jol <fc East l8t g 5s. 1941
Elm Con it ^' o See Leli
Y
Erie Istext gold 48
1947
2(1 ext gohi 5s
1919
3d ext gold 4 Has
1923
al
So PacCo
<S><'
/(•
'03
97^.1
Detifc
<k
'
W
W
Uar
Gt Nor— CBc&Q
102
W
Registered
2d 6s
J-J
J-J
Gray's Pt Terra
iil>-jAug'03
Des M Jt Minn See Ch & JS'
Des Moi Uu Ry 1st g 53. .1917 M-N
Del M <fc Tol See L S cfc M So
Dul So Shore
1st land gr 0x1 golil 58..1930
1943
Consol gold 5s
Fort St U 1) Co Ist g 4 "as. 1941
& Don C 1st gi)a....l921
Ft
.fe Rio Gr 1st g 3-4s.l92
Ft
Kange
Week's
Range or
Last Sale
Nor See So Pac Co
Gouv <fc Oswegat See N Y Cent
100
1034 Grand Rap & lud See Penn RH
W
'alias
Waco See
T
Del liackifc Westoru 7s. ..1907
Morns Essex 1 si 7^... 1914
J-J
(JUa
Pouu Co
Col JlKllaud 1st a 4s
i
Bid
5s.. .1918
Georgia Pacitic
103
193h Q-J
Restistered
Clev
High
Uliall63s FlaCon* Pen Ist g
^TalHct Hofl8S2 1st5s.l9l:: A-O
& Ala Ry 1st con 5s..ol945 J-J
Ga Car & ^'o lai gu g 5s. .1929 J-J
BUfc
Ist prel 43.11)40 A-0
lull <fc
1st pf 5s...(ai);W Q-J
95 Sale
Peo <fc East Isl cou 4s. ..1940 A-O
60
64
Income 4s
1990 Apr
19:>;-!
CI Lor i Wli con 1st g os.
A-O 109 "8
Clev ifc .Marietta See Penn KK
O
/Vice
tVidav
October 33
Loia
U)o4 J-J
Kesrist ered
Inrt
A'o
/
J-J
CI con 1 st k 5s 1
J-J
1914 Jl)
Cit I cousol 73
Cousol siuk lunilVs
11)14 J-1)
General cousol f;ol<l lis. li)">4 J-J
Cln S
Hxqh
1
fsa
M-N
191H) M-N
4S..11H0
M-S
s
Ulv 1st
W WSt Val
L& C cousol
ltOM)S
STOCK E.XCHANGE
Wkek ENDiNd OcroBKn 23
N. y.
Jaiiuarii
lll>i2Sep'03
109 Apr '02
109 Mar'o:'
lllKilx-c-Ol
113 Oct '00
lll>4Sep'0:t
112
CinD&I
W
•Since
Last Sale
l'.i:s
2itKoUl 4^13
J-J
Isl gu i:5s...ll>ll
aeeC C C & Si L
I St L, <fc C
Cin S & C Sea C C C St L
Clearheld A -Mah .SVe B K A P
Cieveiaml Ciu Chic »fe St Lome
I'.'iK^
Geueral e 4s
1-'-^-'
Cairo Ulv 1st >tt>l<l 4s
& M Div 1st g 4s. 11)111
Cln
SI LUlv 1st col tr e4s..lH90
Kange
Ask Low
Bid
Chic & West
WeeK's
Mange or
1277
1051a.
90
103
115
.
.
100
IO514
8838
103
114
100
102iall2
87
97V
102 107
114 119
100 1071a
IO514
90
104
Axig'03
Sep '03
ibo'
101 la J'ly 'Ot
M-N 10258
1 02 14 Oct '03
J-D 102
116
116
A-O 116
M-S 105 Sale 10313 105
10^
J-J 106 Sale 106
J-D 102 12
1021a Oct '03
J-J
Mu Fuel Gaslstgug5s. 1947 M-N
Syracuse Lighting Ist g 5s. '51 J-D
Trenton G <fc El 1st g 5s.. 1949 M-S
ift
101=8 103
100
Sep '03
Sep '03
109
Feb '01
101
12
101
1031a
100
116
102 14
1251a
10318 107 la
100 109
102ialO8ia
IOII2IO314
100 105
97
aDueJan SDueFeb dDueApr eDueMay ADueJ'ly teDuoAug oDueOct aDuoDec
«
Option sale
J
;
.
.
1278
Bond Record—Continued— Fi«c 8
BONU!<i
FYie«
STOCK EXCHANGK
Wkkk Ending October 23
Loul3v A ^n»hy— (Continued)
M Joint 4s. ISTi-J
i,A N-South
110
MS
MS
J
-
106
J
MS
J.J
Sink fund roUlOs
1910 A
L.& Jett BilceCotru i;4s..l94r< M-
Hee C I * L
Sue L, S it
S
anhattan Rrcon3ol4«i.l9'.Hi
Koeisteioil
\W0
Metrojiol Kl 1st e 63
I'.'OS J-J
Man S \v Colouiz « 5s
l",';vl J-D
McK'pt A B V 6V« X Y Cent
Uetropolitan El See Man Ky
Hex Cent consol iroUl 43.. 1911 J-J
Mahon
M
Coal
income
1st c*>usol
ft
107'.iJ'ne'03
109
106H2Sep'0:<
97 Vj
87
.
91
S.
N. Y.
Since
82
961-3
107
90 >6 "si
1104.
110
10 J
>2
lOSJ* Oct '03
92
Hi
.
110
100
109^8 Sale
14
Jly
A-O
A-O
FA
"
97»
7'* Sale
101
90 Sale
10134 Sale
38.al9:ii> J'ly
oonsol income g 38..al93l'
191
Kquip A coll poltl OS
1!I19
•Jil series cold 5s
CoUtT 2 4<-2S 1st Ser....l90T
Mex Internal Ist con k 4s. 1977
1977
Stann)e<t irnarauteeil
1910
Mex North"l3t polil Gs
Mich Cent See N Y Cent
or
West Shore
100
Aug'03
Mar'03
Mar'Ol
7^1
•
MS
MS
Sale
9
110
IOOV3 102
103^8 Dec '02
109 "a 109 'g 21
99
2
65
80
121a
7
28>4
71
71
13^
14>4 127
5
8
8
»2'a 9312
J-D
104 k'
144
Iowa Ex
1909 J
1st eolil 7s
Pacific F.x l8t ?olilG3...1921 A
Sontli West Ex 1st g 78.1910 J
1934 M
Ist consol eolilos
1st am! refund gold 4s. .1949
M
giia
97
Mo K A E
pu K 5s
1942
Missouri Pacihc 3d 7s
1906
1920
Ist consol sold 63
Trust gold 5s stamped. ol917
ol917
Refristered
IstCoU gold 5s
1920
Cent Br Ry 1st sti g 4s. 1919
Llstgos 1926
LerovAC
Pac R of Mo 1st ex g 43. 1938
2d extended jiold 5s...l93S
Ist
VA
A ref gold 4s. .1929
103
98
9734 Sale
76»a 77
J
1453s
11634 11634
1231a 1231a
109
120»8
9534 10334
77 14
9778
99
86 Oct '02
101
101
97
100
86
97
A
Iu6i8
M
109
120 14 Sale
104 Sale
-M
M
M
F
90 May'03
97 12
9Sia
106 Ang'03
lo5>aOct '03
107'2Oct'03
119
120'.
102 "a 104
103Hi
F
105ial06
l('5>2lll
107 Ill's
lis
102
122
10738
101'al07'2
89
94 la
91'i
May'Ol
101
Oct '03
10834 Oct '0.:
11114 Sale
109=8
10934
109
83
100
110
J
16 101 101
871a 90
97 1051a
51
100
109>-2
J
IIII4
10934
84I2
83
'
102
122
90
J'ly '02
122
119
90
110
93
98 H< 101»aJ'ne'02
MAO
Mohawk
10514
Nash Chat A
1997 Q-J
a2047 Q-F
a2047 CJ-F
C B A Q coll tr 43 See Gt Nor
St Paul-Dul Dlv g 48
1996 J-D
Registered
1996 JD
St P A N P gen g 68. ...1923 FA
Registered certitic's..l923 Q-F
1271^
St Paul A Dul Ist 5s. ...1931 FA
2d 08
1917 A-O
1251a
97
1st consol gold 4s
1968 J-D
1151.2
Wash Cent 1st g4s
1948 Q-M
9812 Nor PacTerCo 1st g 68.. 1933 J-J
Nor Ry Cal See So Pac
1-;
Xor Wis See St P M A O
Nor A Mont See N Y Cent
W
TAP
M
WA
LAX
A
120'4Sale
lOS"*
J-J
J-J
J-J
J-J
A-O
N NHA
New HAD
NJJuncKR -See XY Cent
New A Cin Bdge 6'ee PeniiCcE prior lien g 68 pl915 A-0
NOAX
N Y Bkln A Man Bch .See L
NY Cent A H Kivg 3>28.1997 J-
12OS4
1203^
12034 124
110
113
116
111
110
1081a 115
.102'^ 103
74
74
Dec '99
J'ly '02
Oct '03
74 "a
98
73
18
IO3I2
7978
1
1997 J-
Registered
gg^e Sale
100 Sale
lOO^e Sale
98
100
99',
100
Debenture 5s of...l8«4-19(J4
.M-S
1884-1904
of.. .1889-1904
Debenture g 4s. ...1890-1905
1890-1905
Registered
1905
Debt certs ext g 48
ReciMlered
1905
3
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1998
Registered
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1998
Beech Creek 1st gug 48.1936
1936
Registered
1936
2d gu gold OS
Beech Cr Ext] St g 3 »ii8 61951
Cart A Ad 1st gu g 4s... 1981
Clearf Bit Coal Ist sf 48.1940
GouvAOswelstgugos 1942
Moh A Mai Isl gug 4s. .1991
1992
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99 Dec '02
100 Sep '03
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90 Sale
89 "a
90
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91 Jan '03
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105 Feb'OO
96 Oct '03
104
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73
this
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115
116
117
116
104
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102
1074
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11334 Jan '02
104
104
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102 14
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10614 May'03
10134
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101
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100
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99
101
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May'03
'03
40
114 Feb '03
130 Aug'03
128 Apr '03
12714 Sale 126
24
1271.
9573 Sale
95
9578 1''6
96 4 Sep '03
87 14
89 Sale
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98 Oct '03
132
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109
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101>8
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1064
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70 14
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114
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91 4 Oct '03
95 Sep '03
122 14 Feb '03
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4 Oct
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106i4Nov'02
92 Sep '03
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130 Apr'Ol
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96
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104
236
109
and Telephone
Telep A Tel coU tr 4s 1929 J-J
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1918 M-N
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109
114
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91
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on Next Page
See West U n
West Union col tr cur 58.1938 J-J
Fd and real est g 4 48... 1950 M-N
Mut UnTel s fund 68. ..1911 M-N
102410734
105
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12834 131»4
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1912 J-J
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1905
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1919
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Apr '02
12341254
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C guar
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1054
9734 105
98
May'03
MS
91
91
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98
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103
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Series
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9278
101
Dec '01
9713
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Pleas Val Coal Ist gs f.58.1928 J J
RochAPitCA I pur m5». 1946 M N
Tenn Coal gen Ss
1951 J J
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112 May'03
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1911 F A
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1926
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1921
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1932
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Series B
1942
Series C 3ias
1948
1950
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gug3ia8
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B.1940
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1940
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v.'.'.'.
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139
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Dec'99
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Jan '03
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1917
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1951
let consol 48
H
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Y
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J-J
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Mouongahela Kiv 6ee B A O
Mont Cent See St P M A ii
Morgan's La A T .See S P Co
Morns A Essex SeeDelLA
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1922
ScioVAN E 1st gug 4s 1989
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107'8ll3
1231*001 '03
119
119
90
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110 Sep '03
98i2 0ct '03
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N Y O A Wref Istg48..sfl992 M-S
Regis $5,000 only
^^1992 M-S
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X Y S A W See Erie
N Y Tex A M -See So Pac Co
X'^or A South 1st g58
1941 M-N
Norf A West gen g 68
1931 M-N
Improvem't A ext g 6s.. 1934 F-A
New River 1st g 6s
1932 A-O
N A W Ry Ist con g 4s. 1996 A-O
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1990 A-O
PocaliC A C Joint 4s.. 1941 J-D
90 10918115
10 108 111
12 82
911a
llOUJ'ly'OO
93 Apr '02
93
92
Q
1938 .M
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4s..el930
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coU
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1931 J
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coll Is -See Southern
9134
95
102
100i«
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10412
95
75
97
3
104
1031a
9 134 Sale
F
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l8t6s
97 \ 126
106
96I3.
1905 J-J
1905 J-J
1st 7s
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1061a Nov'OO
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Nov'Ol
Apr'Ol
97
76
J
Verdi V I A W 1st g 5s. 1926 M
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Mort^ase gold 4s
1945 J
Mob Jack A K C 1st g 58.1946 J
J
Ohio
new
gold
.1927
Mob A
6s.
Ist extension gold 63../il927
143
121
Jan '02
112i4Sep'o3
9534 Sep '03
J
StLIrMASpenconj:5sl931 A
Gen con stamp Rtdg 5s 1931 A
Unified
Oct '03
123 la Apr '03
J
<;1990
A So 1st gn g 5s. 1943
144
11634 Feb'Oo
MS
FA
WAOT
May'OO
A"o
'02
108
10634
107
102 Sep '03
10218 102%
101
1021*
100
100
114 Feb '02
,
126
121
1161a
MS
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January I
107
Sale
11734
1931 M-S
1931 Q-M
1940 J-J
Registered
1940 J-J
J L A Slstg 31Q8
1951
Ist g3V28
1952 M N
Bat C A Stur 1st gu g 38.1989 J-D
N Y A Harlem g 3ia8...2000 M-N
Registered
2000 M-N
N Y A North 1st g 6s... 1927 A-O
R WAOcon Istext58.ftl922 A-O
Oswe A R 2dgu g58...el915
R
R 1st gu g 58.1918 M-N
UticAA BlkRivgug4s.l922 J-J
N Y Chic A St L 1st g 48.1937 A-O
Registered
1937 A-O
J
F
1944 M
1st ext eold OS
St L Div 1st ref r 48. ...2001 A
Dal A \Va 1st gu g5s...l940 M
Kan C A Pac 1st (? 4s. ..1990 F
MKATofTlst(niK5s.l94L' M
Sher Sh
145
114>s
115»4
116i«
11484
97
1st consol 68.1909
J-J
J-J
J-J
J-J
J-J
68
Registere»l
48
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2d gold 43
C'l
Mich Cent
93 H;
921a
9008 J'ly '01
105
MU L S 4 W See Chic A N W
Mil A Mali See Chic A X W
M A North See Ch M A St P
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pr
RR ist 5s. .1934
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1934
McKees A B V 1st g 6s 1918
Mahon
Jiange
Since
=5<
105iaNov'01
108
J-D
J-D
J-D
F-A
JD
High
Oct
105
102
102
100
99
1061a
115
1903
1997
Registered
1997
Det Mon A Tol Ist 78.1900
Ka A A G R 1st gu o 5s. 1938
Week's
Jiange or
Last Sale
Ask Low
Bid
105
10634
Gold 3ias
106»all43«
110 113
104 1051a
110 110
Price
Friday
October 23
2361 J-J
Lake Shore consol 'lA 78.1903
92
MulofNJ SeeEne
MinnAStLpu SmBCRAN
M A Pl8t5sstpd43int?n 1936
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M St P A S S M con 4 int jfu '38
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Mo Kan A Tex 1st g 43.. .1990
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84
1st 4s gu... 2361 J-J
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AG
AO
2il
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195'2 JKpsristereil
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Pens* .A.tl 1st jniR 63. .1921 F
S <fe >•' .\la con snj s o3..193t"> F
N
L X A A Ch
BONDS
Kange
2
STOCK EXCHANGE
Last Sale
January 1
Wkkk Endino Octobeh 23
High Ao Low High X Y Cent A H K— rConfintied;
Ask Low
N J Juno R gu 1st 48.. .1986 F-A
ll638Mar'02
Registered
1986 FA
125'i2 Ang'02
N Y A Pu 1 St con gu g 48 1 993 A-O
J'ue"02
73
76
Nor A Mont 1st gu g 53.1916 A-O
113 Nov'99
Bid
Pensaooln Piv iniU169...190O M-S
it>-.n M-s
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I'.tSd
•2il colli 3s
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L.t N ifc -M it M 1st 2:4 i-jsHUo
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fyidav
October 23
N. T.
[Vol Lxxvit
105
Sale
10278 Sale
105
102
105
4
105
10278 112 102
1074J'ne'03
110
105
1074109
1904 J-J
&
Indiintrinl
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1915 Q-F
Cot
Oil
ext
448
Am
Am Hide A L Islsf g68..1919 M-S
Am Spirits Mfg Ist g 68. .1915
Amer
MS
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J'ly
34
66
Sale
.
j)
88
Dae Nov
Feb '03
34
424
9379 Aug'03
9378 101
66
68
90 Oct '03
« Option sale
66
80
9S
94 14
j
Oct.
Price
STOCK KXCHANGE
Wkkk Ending October 33
K. T.
fyidau
October 23
Penn iiH—{ Continued
Cousiil goUl 4s
1943 M-N
Alle.K Vul Ken su p 4s...194'J|m-S
CI it Mar 1st jtu g4>-js..lt>:>.'>]M.N
Bj;el8l(;u4s!f.';{0
GrKifc lex 1st Kug4S>sly41
Siiu ds Lewis 1st r 4s. ..1936
&CanKeu4s.l944
V J
DKKK&
S
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106
106
102
100
104
98
109 "a
• 98
106
112S.I
PM g tJs.l'.iJO AG
1939
Pt Huron Div 1st gSs. 1939
Sag 1^18 ifc H Istsrug 48.1931
Piue Creek reg guar G3...193'J
Pitta Cin <& St 1. See Peun Co
Pitts Clev & Tol Ist g 63. .1922
Pitts Ft
& Ch Hee Teuu Co
1922
Pitts June 1st golJ69
Pitts it 1. Erie 2(1 g 5s...ol928
Puts .McKees A- Y See N V Ceu
Pitlti Sh <fc Li K 1st g 69. ..1940
Ist cousol gold 58
1943
tlttadi West Ist g 4s
1917
J P M <& Co certfs
Pitts Y ifc Ash 1st con OS. 1927
1997
ReaduigCo gen g48
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1997
Jersey Cent, coll g4s...l951
Beusselaer & Sar See D & H
Bicli & Dan See South UjBich & Meek See Southern
BioGr West Ist g 4s
1939
Consul and col trust 4s .1949
Utah Cent 1st gu g 48.al917
Rio Gr Juno 1st gugus...l939
W
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A-U
,
94
116
.
i'l?"
MaV'OO
120
95
IIG
Oct
Loto
Jliii/t
100
106
Southern Pac Co
H
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Bonie
Rutland Isl con g 4'as
1941
Rut-Cauad 1st gug 4 '23.1949
Oag Tus cfc H See Pere Marq
Oalt LakeC Ist g s f 6s.. 1913
8t Jo Jfc Ur (si 1st g 3-43. .1947
St Law dc Adirou 1st g os. 1996
2Ugold 6s
1996
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P
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'03
137" NoV'9'7
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107 »a Oof 98
J.J
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104
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Morgan's La
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127
95
110
107
111
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117««J'ly'03
98 J'ly'97
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J.J
96
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92 Hi
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95
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95
83
96
95
83 1^
83 14
97 Jan '0'.
84
110>2Feb'03
76 Aug'03
92 Mar'03
J-J
J-J
83
bale
85
100>4
178
9334
96
89
98 Hi
96
96
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99
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92
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105
105H2Sep'03
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110«8
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1936
6t Louis So See Illinois Cent
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1932
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fit PaiU <fe DtU
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St Paul M <fc Man 2d 68.. .1909
W
M-N
J-J
JD
75
94^2 Sale
69 "-i Sale
70^4 Sale
J-D *100
AG
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.
,
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111^4
102
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10134
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.
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J-J
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Coll tr letund g 5s
1911
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1926
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con
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g 4s. ..1949
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fcl949
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OS'..
A-O
66I2
G8
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J.J
J-J
91
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J-J
101
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87 H2 sale
..1941 J-J
FA
FA
104
99 \ Sale
J-D
J-D
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M-N
M-N
M-N
105
1927
104 >8.
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SUt Isl Ry 1st gu g 4H2S..1943
Sunb & Lew See Penn RR
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103H!l06
120 129
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92
95 Hi
100 100
72
107
102
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106HiMoy'o:i
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10318 103i«
105 Apr'03
101
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11 II4 Aug'03
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90
89
97 Vj
111
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927fcOct'03
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120 Mar'Ol
90 Hi
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116
114
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116
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110
112
114
116
116>9
122
123
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122 Mar'03
124 Hi Feb '03
116Hi 116Hi
124Hi
114
118
108
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108 Sep '03
92 Sep '02
103 Hi 103 \
123 Feb'02
112 F'eb'03
115 Jan '03
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116
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104 Hj Sep
'02
SyraBingacNY
'l^ebocfeN
100 J'ne'03
1 er A of St L Ist g 4H2S--1939
81 14
82^4 333 7834 9178
1894-1944
Ist con gold 53
118 J'ne'03
118 124
St L
Bge Ter gu g 5s. 1930
75
7 74Hi 88Hi Tex <fe N O See So Pac Co
75»a
Tex & Pac E Div 1st gOs.. 1905
2000
Istgold 58
fl5
63 89Hi 97H>
94>a
2d gold inc 6s
92OOO
69
70% 50 637e 85 Hi
1931
La Div B Llstg 68
68=8
70^4 168 66
T0I& OClstg58
1935
86
Western Div Ist g 6s... 1935
General gold 5s
1935
IIOI4 Sep '03
110i4ll3H>
Kan<fe
Istgug4s....l990
127i4l35'4 Tol P &
131% Oct '03
1st gold 4s. ...1917
140 iUuy'02
prlien g 3 H23.1925
Tol St L &
10884 10S3.
1950
60-year gold 4s
106 111 Hi
lie^sApr'Ol
Tor Ham & Butt 1st g 4s.M946
110^4 J'ly '03
11014114
Ulster* Del ist con g 5s 1928
102
lOlHa
41 100 104
n Pac RR & 1 gr g 48. .1947
106 May'Ol
Registered
1947
104 Aug'03
1911
1st lien convert 4s
103 105 Hi
Registered
1911
Ore Ry & Nav con g 4s. 1946
128 Apr'02
Ore Short Line l8tg68..1922
134 Mar'03
1946
Ist consol g68
134 I34I4
115 Apr '9
1927
48 & participating
U0i4Sep'03
1908
110i4ll8Hi
Utah & Nor l3t 73
125 Hi Feb '02
Gold 5s
1926
Uni N J RR & C Co ^ee Pa RH
Utah Central See Rio Gr Wes
111 Aug'Ol
Utahife North See Un Pacific
Utica & Black R See N Y Cent
11334 Dec'Ol
See Mo P
er Val Ind <fe
' Irginia Mid
128 Oct '02
See South By
123 Dec '99
Va & Southw't 1 St gu 58.2003
95i4Nov'01
1939
Wabash 1st gold 5s
2rtgold 5s
111 Apr '03
1939
111 1123^
87 Aug'Ol
Debenture series A
1939
95i4May'03
Series
B
1939
95
96Hi
1st lien equip s fd g 5s. .1921
8438
Det & Ch Ext 1st g 5s.. 1941
66
68
40 61
Des Moin Div 1st g 4s. .1939
98 103
98H2 lOOHz
llli4May'03
llll4lll'-4
Om Div 1st g3i.^s
1941
90 Oct '03
Tol& ChDiv Ist g 4s... 1941
90
bSHi
St Chas Bridge 1st g 63.1908
Warreu See Del Lac & West
102 Jan '03
Wash Cent See Nor Pac
102 102
Wash O &
See Southern
9918
95H2l00»8 West N Y <fe Pa 1st g 5s.. 1937
98H2
Gen gold 3-4s
1943
86
84
92 "s
87 Hi
95 -4.i>r'02
Income 5s
ril943
105H2Feb'03
105H2l05Hi West No Car 6e« South Ry
09 14
98
West Shore See N Y Cent
96 102
99 14 Mar'03
VaCent& P 1st g 6s. .1911
99 >4 99 14
85 '4
82
88 Hi Wheel's & L E 1st g 5s. ..1920
85 Hi
Wheel Div 1st gold 5s.. 1928
IIOI4 Feb '(13
Exten & Imp gold 5s. ..1930
110»4ll2
105 Feb'03
105
1st consol 4s
105
1949
loo's iOGHi
103 109 '8 WUkes <fe East See Erie
108
108
<fe M
101Hil09H2 Wil <fe Sioux F See St P
105 May '03
Winona <fc St P .See C & N
105 105
102 Hi Dec '02
Wis Cent 50-yr 1st iren 4s. 1949
AG 10334
FA *lllHi.
AG
07 14 J'ly'03
110 Sep '03
115 J'ue'03
M-S
J-D
Mai
100
....
116
116't.
80
110
J J
J-J
.
105
88!^
J-J
J-J
89
no
85
82
09
A-O
J-D
J-D
103
Hi
108
10234 Sale
102 Sale
95 14 Sale
J-J
J-J
M-N
Sale
Sale
J-J
112 Hi...
J-J
J-J
109
103
J-J
101 Sale
110 Sale
105 Hi Sale
FA
100
113
81
.
9138 Sale
102
118i«
100
108 12 HI
109 113
110
107
88
88
8334
08
98
103
101 14 1023^ 253 9918
loo's IO2I4 13 99
9433
953, 1080 90*8
10514 Jan '03
IO514
98 '2 100
48 9634
12234
123
14 120
1
109
lUHi IIIH2
90 14
9138 253 87 Hi
115 Nov'02
114=2 Apr'02
M-N
J-D 100
F-A l'i3
Sep '03
116
J'ne'03
110
110
110
111 Sep '03
107 Kf0'03
88 Oct '03
89
89
84 Hi
85
08
69 Hi
98 Apr'03
108 J'ly'03
J-D
A-0
100
116
81
109^8
Sale
109H2
A-O
107>4ll2»4
110 118
115 117'»
1
.
,
113;
107
97'
92
86
80
98
11014
103»8
10318
IO714
IO514.
102
127 Hj
114
98>4
W
'^2
M-N
FA
J-J
J-J
M-S
54
101
100
J-J
J-J
*
Hi
15 100 103 Hi
77 113 118
1051-2
105
6 103 '2 111
100 101^8
IOIH2 Apr'03
52
54 Hi 47'7 51 Hi 8434
101
U5I4
Sale
..
..,
Sale
88
,
A-O
M-S
A-G
83
101
116»4
104 Hi Dec '02
105 Hi 10734
97 May'U
84 J'ne'03
98 Mar'02
109 Hi Mar'03
12 105
109^8
8i"'"86Ja
16s"
io^a-'ia
W
J-D
J-D
J-D
ref gu g 4s 1949
Registered
1949
aiort guar gold 3'2S..&1929
Registered
/tl929
Gal Har& S A 1st g 68. .1910
2d gold 78
1905
Mex<fe Paclstg5s
1931
Oila V G & N 1st gu g 5s. 1924
Hous E & W^ T Ist g 58.1933
Ist guar 5s red
1933
113
1921
1920
1930
Guar stamped
1930
Ist cy gu 48. .1924
O <fc
West N C l8t con g 68..1914
94
y
105
96
110
90 Hi
5s. .1909
WMW
107'4.
131 Hi.
90 Hi
Sale
86
106 112
103
loGHiSale
105
101
102
W
M
iUlSCELLANCUUS
BO.\
Itlanutncturing^ Jk Industrial
Thread 1st col tr 43. ..1919 J-J
Bar<& S Car Co Ist g 6s... 1942 J-J
Consol Tobacco 50-yr g 43.1951 F-A
DistUSecCorconv 1st g 5s. '27 A-O
W
J-J
A-0
II5I4.
Nov
93
30
J-J
107
,
.
A-O
J-J
F-A
lOOHi.
M-S
89
J-J
89 ^ Sale
.
lieHzOct '03
94 Hi Oct '03
40 Mar'Ol
114 llSHi
94I2IOIH1
108 J'ly'03
112>sJ'ly'03
106
112
108
116Hi
110
85
110
113
Sep
110
M;ar'03
8S
88 Hi
89
89Hi
'02
21
86
933*
92Hi
US—Concluded.
.^liscellaneous
Am
Adams Ex co. tr g4s
78 J'ne'03
78
SO
1948 M-S 102 Is Sale 102
102Hi 28 101 Hi 106
105 Jan '00
Am Dk <& Imp 5s <S>ee Cent N J
10034
J'no'02
5534 313 51 Hi 6734 AmSSCool WVag53....1920 M-N
55 Sale
53 Hi
73
76
73 Mar'03
59^8 Sale
B'kl'n FerryCol3tconsg5s'48 F-A
58
CO US 58
77
Distill ot .A.mer coU tr g 5s. 1911 J-J
111 Mar'Ol
9334 1 00
Clue Jccfe St Y'ard col g 5s. 191 J-J 100 Hi.
99 Sep '03
XU Steel Co deb 5s
1910 J-J
18 72"'"95ii
84
84
82
93
99 Jan '99
DetM&Mldgr incomes.. 1911
Non.conv deben 53
1913 A-0
95
Hoboken L& I gold 53. ..1910 M-N
100 May'02
Int Paper Co 1st con g 6s. 1918 F-A 104 106 104 Oct '03
103 110
Mad
Sq Garden 1st g 5s..l919 JIN
Knicker Ice;Chic) 1st g 5s. '28 A-O
50 Feb'02
Man Bch H <feLgeng4s..l940 M-N
93 Feb'03
93
93
l>ackaw Steel 1st g 5s
1923 A O
93
94
94
91Hj 97 Hi Newp Ne Ship <fc D D 5s rtl990 J-J
Kat Starch Mfg Co 1st g 6s 1920 M-N 90 Sale 90
89 Hi 95
F-A
91
SgHsSep'US
89^8
90
90
95
Dock 50-yT l8t g43..1951
2fat Starch Co s t deb 58. .1925 J-J
80
69 Sep '03
68
St Joseph Stk Y''ds 1st 4 HiS. 1930 J-J
Stan Rope cfe T Ist g 6s. ..1946
35 Sale
35
35
35
68
St L Ter Cupples Stat'n * Prop
Income gold 58
1940
1^8 Sale
1^8
13 Hi
Co lstg4HiS 5-20 year.. 1917 J-D
XJS Leath Co s f deb gOs.. 1913 M-N 109 110 109IH2
104 104
'03
104 J'ly'03
Sep
10838
Hi
114Hi S Yuba Wat Co eon g 0S..1923 J-J
XT S Slupbldg coU & mge 5s. '22 P-A
91
91 Jan '03
91
Sp Val Wat Works 1st 6s. 1906 M-S 100
113Hi J'ly'OO
79"
l8t 8l58g "A"
193vi J-J
79 Aug'03
25 J'ly'03
23
80
V S Red & Ref Ist si g 68.1931
86''J
V S Steel Corp col tr 2d 5s. d'63 M-N
71% Sale 70
7134 3768 6734 8718
1
•Mo price rriday; latest bid and asked, a Due Jaa b Due Feb c Due Mar d Due Apr g Due J'ne ft Due J'ly fc Due An« pjDae Not q Due Deo^« 9^^>?b 8*^1
AO
NY
.
FA
ifi
,
I
65
103HJ 103'e
111 Hi Oct '02
90
195(
102
HI
10834 J'ne'03
Sale
111
94
08 '4 1 1-2
109 11-2
90 Hi 94 >•
lllHiAi)r'0:<
103'4 J'ly'03
119 Mar'03
107 Hi Sep '03
108 '4 108 '4
113
|
Since
January 1'
1
j"'iy"'03
11934 Feb'03
105
1916
M
115
A-O
A-O
1933 J-J
1933 J-J
Reduced to gold 4>2S..1933 J-J
Registered.
1933 J-J
Dakota ext gold 6s
1910 i\I-N
Mout ext Ist gold 4s
1937 J-D
Registered
1937 J-D
Miun
div
1st
E
1st g 53. 1908 A-U
Registered
1908
Nor Div 1st gold 4s
1948
Minn Union Ist g 6s
1922
Mont C Ist gag 6s
1937
Registered.
1937
latguar gold 5s
1937 J-J
W1U& S F Ist gold 5s. .1938 J-D
8t P ««! Nor Pac See Nor Pac
St P <fc S'x City 6ee C St P
<fcu
SFe Presife Ph 1st g 53.. .1942 M-S
8 A & A P See So Pac Co
S F <fe N P Ist sink i g 5s. 1919 J-J
SavFife \V 1st gold 68
1934 AG
1st gold 5s
1934 A-0
St Jolm'sDiv Istg4s...l934 J-J
Ala Mid 1st gu gold 53. .1928 M-N
Ist cousol gold 6s
8212 Sale
113 Jan '01
105'oNov'Ol
73 Hi
76 Hi
107 Oct 'o:-:
102 14.
68.. 1930
Ist gold 58
W
.M-N
i02"'
109 Hi
'106'4
Rich ifc Meek Ist g 4s. ..1948
So Car & Ga 1st g 58. ...1919
S
AG
FtS<fe
Greenvlst Os
<fe Ga Div g
Equip sink fund g
Deb 5s stamped
J-J
C
100
loo's
°
High Ao Low J/igX
127 Hi Feb '02
130 Nov'02
122 Sen '02
108
108
112
lOS
Range
5
Oct '03
Sep '03
Oct '03
122
114
100 Hi
101
1938
E Ten reor lien g 53
1922
Ga Pac Ry 1st g 68
Knox & Ohio 1st g 68. ..1925
1915
Rich <fc Dan con g 6s
110Hill2Hi
75
75
92
92
AC
1906 .M-N
1931 J-J
1931 J-J
KK
St L .fc S F
cons g 43. .'96 J-J
Southw Div 1st g 5s. .1947
Rofuudiug g 4s
1951 JJ
KC
&
E T Va
Jfc
2d gold 6s Class
iieneral gold 6s
'General gold 5s
112
91
Atl& Yad I8tgguar4s.l949
94
lAno
110
109
9
100
106
1912
1943
1994
1994
Registered
M ob & Ohio coll trg 4s.. 1938
Mem Div Isl g 4H2-58... 1996
1951
St Louis div Ist g 48
1918
AlaCenR Ist g Os
1948
Atl & Danv l8t g 48
M
St
St
St
Ask
'Ye'i^siile
Con gold 58
lOOH:
100', Southern— Istcon g 5s
lOli^NoT'Ol
85
Ist "78.1918
Last Sale
Sabine Div l8tg68
98
96»8J'ly'03
9212 '66
90
9588
T
6s
SPacofNMcxlstg68..1911
S P Coast Ist gug48....1937
1905
Tex & N O Ist 78
116'4ll7>4
98 Ang'03
100>4Feb'03
120>aDec'02
JJ
J-J
J-J
120
96
<&
1920
1st
N YTAMex gulslg4s.l91
NootCal 1st gu g 6s. ...1907
1938
Giiarautccil gold 5s
Ore <fc Cal Ist guar g 5s. 1927
S A <fc A Pass Ist gu g48.1943
So l'o( Argul8tg6»...cl909
C1910
Ist guar g 6s
1905
S P ot Cal l.st g 68
1905
Ist g Os series B
Ist g 6s series C ifc 1)...1906
IstgOs series E& F...191
1912
Istgold Os
1937
Istcon guar g 6s
1905-.. 1937
Stamped
120 Oct '01
112>2Deo'02
AC
Hid
110
105
(Continued)
TCl8tg58iiilKu..l93
W
1
J'ly'O;;
107
106 Si Oct '03
F-A
J-D
A-0
cfc
Week's
Kaiiye or
tyidai/
October l>3
Cousol g 68 inl );iiar...l9rz
Gen gold 4a inl guar. .1921
div 1st g Os '30
W'aco * N
J'ue'03
10638.
Price
STOCK EXCHANOE
Wekk Ending Octobkr 23
January
A'o
1279
N. T.
Since
*03
106 Vj.
B K <& P
Wat & Og See N Y Cent
Puts See
1
ItOMtS
Kange
golit
J-D
1940 J.J
1940 J.J
BlogrSo l8lgold48
G uarau teed
ds
Hiah
AugO:;
Nov'97
Mar'OO
3^
109»4Oct'03
121
OliVJl
Isi cousol KoU15s
Roch
Week's
Katiye or
Last Sale
Life >ia8li
Peo <fc Kast *>< C C C Js St L
Peoit Pek Uu 1st g6s....iy'21
2d
5
Bond Record—Concluded—Page 4
24, 1903.]
PeusacolH<& Atl Hee
—
]
.
.
k
.
BOSTON STOCK EXOHA.NGE-Stock
Share
1?
Oct.
I'riot's
— Not
1
I'er Cfntuiii I'rioes
sT«>c;ivs
Momiav
I'vesday
Wednesday
Thursday
Oct 29
Oct. -JU
Oct 21
Oct. 3-J
66 H
89
66
Oct.
or
the
Hani/e lor Brevio%i{
Year (1902)
Week
KXCHANGE
23
Hange for Year
1903
Sales
BOSTON STOCK
fYidaii
Weekly and Yearly
Record, Daily,
Lowest
Shares
JJtghest
Lowest
Highest
7439 Jan
96 k Sep
106 Sep
266 Maj
173 k Maj
248 -\pr
209 -\pr
183 Apr
307 Mat
172 Mai
136 Mat
202 Jan
160 k Feb
295 Feb
148 Mat
50 J'ne
Kitilronitx
64>4
67
66V3
248
CIS
•23tj
540
S8
248
137
•235
166 V;
*171
lOiJ
•171
*
CHS
•134" 138
.
m7
188
li»0
106
:75
-166
283' '275
135
133
•40
43
•134
•40
1913
20
78
•IOHj ll"-.
193^8 H>4
•213
•
167
168
19
78
213
226
201
.0
34
'277
135
*40
Si
18^8
19
7S
10»4
•77
•10>4
194
19-l>4
226
200
'213
22 H
..'200
77
75
35
'75
77
71
•lii"
78
72 «<
84
•163
•89
•108
'90
71
95
72 -e
84
90
109
•H
•11
69
70
•3
•13
111^8 1 1 -'
117 117 Si
123>4 124 >5
7
7 -a
121 124
8
8
65 »3 67
•4>4
4'2
US'*
•
170
170
l"*
•I'*
213
212
212
7S2
101
25
101
•
•2
96
89
3
96>a
39
27 "a 27 Hi
101
'
-2
226
200
200
75
•09
37
•15
75
75
40
....
78
95
72»8
8334
90
109
•11
12
•68 Sj
4
4
15
13
II4I4II6S!
11734 118
123 Sj 125 Si
12
69
3
Si
•414
4 Si
115^4
•4»4
914
9I4
*5Sj
3238
77
170
*1
m"
214
215
734
101
'
3
95
38 >8
28
28
95
38 Si
S^
7Si
67
230
147
1^4
101 Si
26
IIH;
*194Sj195
66 Sj 67 Si
'
734
7»4
138
43
Last Sale 166
280 •278
136k 136S 138
Last Sale iJ
Last Sale 173^
20
78
20
19
78
77k
Last Sale 10
195
195
75
•70
42
9
33
7714
216
734
•2
3
95
95
38Si
38Sj
34
170
i23"
m'
ISi
216
219
102
102
25
734
'
'
•2
3
94 k
38k
27 Sj 27 Si
773,
170
'
i23'
101
25
149Sj
77'-^
170
6
233
233
148
33
14S'j
138
9^1
•534
6
•27
95
40
28 Si
188
Sep '03
280
138
Mar'03
3 'ly '03
19S
77^
35
14 H 14 'i
62^
62
••70
*
*
-68
•80
13
a;58
13^8
IS^g
ISis 14
57'^ 59^6
58Sj
•80
• •70
•80
•80
••70
10
79
72
85
«9
10
76
•67
•79
77
72
83
10
77
•67
•79
143;,
58k 59k
•70
•SO
•66
*81
10
77
70
85
10
77
72
85
'03
195
Aug'o;
•200
Sep '03
202
76k
-73
74
43
74
42
••90
109
91
109
12
12
70
70k
-3k
*3k
1434
114k
115''(,
124
125 k
11738 118
7k
70
4
1434
67
Ilk
•13
114
lis
124
8k
67
115
"9k
•534
234
149
3334
78
170
*1
115
934
734
14834
34k
78
170
34
78
170
1%
217
215
118
124
834
Last Sale 28
Last Sale 2
95
27k 27 k
7
7k
1334 14
58^8 59 k
'•70
•SO
10
9
75
9k
534
235
149
34
78
170
13^
Ang'03
123
J'ne'03
218
734
102
Aug'03
Sep '03
Oct '03
95
39
95
40
27k
27k
'03
'03
69
14
59
•75
^75
1334
76
k
67
Sep '03
115
7k
102
Last Sale 25 k
39
1143,
•i
734
71
Last Sale 70
Last Salt SI
<«;
pref
ti
lUiscellnneoiis
12k
70
4
14
534
234
101 >4 102
95
J'ly '03
Oct '03
9
6
234
149
Last Sal 40
123 123 k 123
Last Sale 9
215
91
109
J'ly'03
*8k
67
Do
!i
Last Sale 25k"" Oct '03
Last Sail
Keb'OS
Last Sale 9i
Oct '03
7l«8 72 k
71
71k
•84
843.
8434
843e.
Last Sale 164^ Sep '03
Last Sale ?i34'" Oct
Last Sale 9
Oct
35
'03
Oct '08
140
76k -75
202
4k Last Sale ik
115
'
233
8>e
67
248
140
Oct '03
Oct
195
Last Sale 266"
Last Sale 221
'200
891-j
Sep
136
280
19 Sj 20
78
121Sil23M
122"* i22'
•
188
117S!ll8
230 235
145 14S
32 »6 32 14
77
77
170 170
14y>a 149 Sj
32^4 32-'4
77 »4
77
18S
14
14 Si
lllS2ll3Si
4S2
115'4
9
9
6
•6Sj
23r
235
•11
69
3>a
13Si 14
110^4 111
117
117
190
Last Sale 171
Last Sale 296
Sauta FelOO 4,286 64k Anglo 89 k Jan 10
56 S5 Aug 1(1 103k Jan 10
100
Bo.ston & Albany
100
43 244 J'neiy 262 k Feb 4
Bo.sToii Elevated
100
751 134 Aug 5 154 Jan 6
Boston* Lowell
100 "96 230 Aug 7 250 Apr 8
Bo.'(tou & Maine
100
161 J'ne 5 195 Jan 6
Do pre(
100
170 J'ne 6 177 Apr 22
Bo.ston & Providence 100
290 J'ly 17 305 Marl 3
Chic J iinoRy& U S YlOO
60 133 Sep 2 157 Jan 6
Do jpref
20 115 J'ly 17 --..
100
125 Jan 2
Con & Alont Class 4.. 100
Oct 22 196kMar24
5 188
Conn & Pass Kiv pref 100
Jan
3
160
170 ]\Iarl9
Couuecticut River... 100
Aug 7 >^l\ Febl'.t
3 270
Kitchburg pref
35 131 J'ly 20 143 k Fob 10
100
Houston El'trio com. 100
42 Mar 9 42 Mar V
-Maine Central
100
173 k Mayl.i 180 Feb 1(1
.Mass Electric Cos
100 1,430 17k Sep 25 3734 Feb 18
Do pref
130 77 Sep -.9 96 Jan 7
loo
Mexican Central
10 Sop 28 28^Apr2,'i
100
N Y i\ H & Hart.. ..100 506 tlSSk May 21 223 Jan 7
Northern X H
165 May 15 173 k Mar 3
100
Norwich * Wor ptetlOO
,220 Sep 25 232 -Marll
Old Colony
86 l96 Aug 8 212k Feb IH
loO
200 74 J'ly 25 91 Mayl)
Pere Marquette
100
Do pref
155 68 Sep 25 85 Jan
100
Rutland pref
297 30 J'ly 15 71 Jan 20
100
Savannah Elec com. .100
7 J'ly 8 25 Jan 12
Seattle Electric
75 Jan 5 8434 Jan 10
100
Do pref
100
91k Oct 14 104 k Jan 6
Union Pacitto
100 1,582 6634 Aug 8 104kJan
28 83k Oct 14 95 Jan 27
Do pref
100
Vermont & Mass
*162 Sep 8 178 Feb 2 3
100
117 87 k Aug 7 97 Feb 10
West End St
50
Do pref
122 108 Sep 10 116 rebl4
60
1634 J'ly 23 2638 Jan 16
Wisconsin Central. ..100
Do pref
38 k J'ly 23 52 Jan 15
100
Wore Nash <fe Roch..l00
144 Sep 24 150 Jan 14
66 V, Atoh Top
•168
....
•18ts
213
13934
Last Sale 26-34
Last Sale 3S^
Last Sale 145
12
70
"-2
66 Vi 67 K>
.414
S.
'168
140
IOSj
65 k
89 k
248
Last gale 336
138
'
71'4
84 Sj 84
163
•89
90
109 109
248
138V|140
138
34 Sj 34 V
•13
78
•!l6'
95
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71 >«
7IS2
70
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8438
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163
90
90
90
109
109 110
78
93
89 3j
248
....
lUl
•75
•69
35
eo^i
298
138
78
194'-..
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136
45
8934
171
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283"
135
45
67
89
248 250
138»8l383s
233 240
167Sil70
.298
iss' 136
117 117
188 190
120
190
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•V->4
248
138
240
168
171
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77 '4
194
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70
248
138
235
240
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117
117
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•77
.
65
66 Si
'88 Sg 88 '»
66
88
idS
lo7
7.1
Oct '03
Oct '03
100
Agricul Chem.lOO
381
:
100
55
50
170
50
14,291
100
652
pref.
Amer Telep <fc Teleg.lOO 6,345
640
Amer Woolen
100
Do pret
100 1.519
Boston Land
10 ""16
Cumberl Telep & Tel 100
1,820
Dominion Iron & St
iOO
Ea.st Boston Land
207
Edison Elec IUum...l00
339
GJeneral Electric
100
Mass'chusettsGasCoslOO 2,722
1,406
Do pref
100
60
Mergentlialer Lino. .100
100
Mexican Telephone.. 10
N E Cotton Yarn pret 100
100
N E Telephone
100
Plant Comp new com. 100
441
Pullman Co
100
136
Reece Button-Hole.. 10
180
Switt <fe Co
100
Torriugton Class A.. 25
Do pref
25
Union Cop L'd <fe Mg. 25
181
United Fruit
100
318
United Shoe Mach... 25
68
Do pref
25
155
US Leather
100
Do pref
100
V S Rubber
100
50
Do pref
100
U S Steel Corp
100 5,366
6,335
Do pret
100
400
West End Land
25
66
West Telep & Teleg.lOO
385
Do pref
100
Westing El & Mfg... 60
Do pref
60
.4.mer
Do pret
Amer Pueu Serv
Do pret
Amer Sugar Refin
11 Oct 12
69 Oct 8
3 Sep 23
12 Sep 26
10738 Oct l'.i
116 Augll
lUkOct 8
634 Oct 15
65 Oct 16
3k-I'ly 2
115 Oct 23
Oct 13
7
5 k Oct 16
225 J'ly 24
13S Sep 28
30 J'ly 24
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434
36
SB's 393f,
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4
36 k
1
16
7k Last Sale
Last Sale
Ik Ik
107
2k
7k
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7
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638
36k
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108
108
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7
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7
36
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Last Sale
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•Ik Ik
yk
934
53k 63 k
17
17 k
16k 16k •16k 13
334
334
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85 90 "85 90
•85
88
Ik Ik
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134
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134
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9k
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95
534
93
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7
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9
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1
Before oay'l of aa»e88'tBoaUed in 1903.
/
534
2534
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1'4
90
17k 17k
17 k 17 k
y'4
9
934
435
Adventure Con
4
Allouez
•1
<t
85
85
Oct
Sep
'03
1
'03
7k
1738
9k
26 k 26
234
2k
2k
7k
Ik
634
7
515
1,650
CopperlOO 53,455
21
Anaconda
25
Arcadian
25
Arnold
25
Atlantic
25
BinffhamConMin&S 50
Bonanza (Dev Co)... 10
Oct '03 British Colum (Ltd)- 5
435 Calu'met & UecLa
25
May'03 Catalpa (SUver)
10
IS'p Centennial
...... 26
7
25
Oct '03 Central Oil
40
Sep '03 Cochiti Tr Co rects.. 10
5
1832
1832 Cons Mercur Gold...
1534
Ik Oct 12
2434 J'ly 10
122
Apr 24
197
J'ly 13
7k Oct
13^
91
•50
9
387
300
J'nell
J'ly
-
Jan 12
Augl3
Jan 14
Feb
6 Jan
1558 J'ly 24
Sep 25
•25
Apr
y
7
Oct
6
20k
•45
J'ly 24
Oct 12
J'ly 24
•OS
Eeb 10
Vi
J'ly 24
534
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1
Sep 23
J'uel8
Sep ^6
Continental Zinc
2
7
Ik
85
k
13
17 k
9
25k
-2»8
•634
64
64
65
•75
^76
•1
Tamarack
Tecumseh
25
26
25
Tennessee
25
Tnmountain
26
Trinity
100
15S; United Copper
1734 U n itei S tates M ining 25
9
Unit States Coal <fcOil 25
4-85
26 Utah Con (Gold)
26
3k Victoria
25
7 k Winona
25
65
Wolverine
25
Ik Wyandot
85
Before pay't of aaaess'tacaUed in
1
190'J.
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;|
281
76
•40
1734
70
1,37»
250
4,352
J'ly 24
J'ly 16
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16k J'ly '^4
9 Sep '-iS
1,721
Jan 24
4,7!) 6 22
2 k Oct 14
643
625
5k J'ly 24
166 61 J'ly 28
•76
Oct 22
33
New stock.
Oct
196
100
280
141
47
172
33
92
Sop
Nov
Nov
J'ne
Oct
Dec
J'ly
Jan 178k J'ly
Dec 45k Apr
Jan 99 J'ne
>2kDec
31
Slat
Jan
Jan
Jan
Dec
254
Apr
Jan
Apr
Apr
210
170
230
206
175
238
217
May 85 k Sep
79 k May 91 J'ly
(!8
64 k Dec 125k -vi'C
25 Nov 31 J'ly
58 Jan 90 May
103 Oct 110 Mar
93«8 Dec 113 ,A.ug
86"^ Mar 94 k -Vug
172 Jan 178 J'ly
y2kOct 99 Slat
lllkDec 117 J'ne
19kJan 34 k J'ly
3938 Jan 55 k Sep
145 Nov 152k May
19 Dec
76k Dec
4
21
Jan
J'ne
32 k J'ly
91 J'ly
934
3734
May
May
k Feb 18 155
14k Feb 24 12
79k Jan 22 73
Mar
Dec
Apr
334 May
Jan 22
127 Jan
122kApi
62 k Jan 2 26 Jan
834 Jan 23
7 Nov
310 Feb 17 244 Jan
204 Feb 16 117134 Oct
4834 Feb 20 36k Nov
534
88''eFebl7
Feb 2
2 k Jan 29
86 Jan 2
139 Jan 2
20 Jan 6
237 Jan y
10 Feb 13
132 Jan 5
2634 Jan 15
2934 Jan 5
5 Apr21
111 Jan 10
33 Jan 2
31k Feb 6
15kPebll
95kMay
6
18kFebl6
57 k Jan 9
39 k Feb 5
89«8Jan
•80
7
Ik
8O34
Jan
May
Apr
79 k Aug
4k
13034
gj^Mai
285
May
33234 Apif
4134 Nov
Nov 87 k Oct
Jan 190 Sep
l'78Dec
338 Apr
87 Nov 93kJ'n«
135 Jan 151 Apr
21 Dec 41k Sep
82
170
216
6
100
26
23
Jan 250 J'ly
Jan 10k Oct
Jan 177 J'ly
Oct 27 Jan
Jan 30 Oct
Ik Aug
2k
85 k Jan 117
Mat
Sep
Jan
29 Jan
Ilk Jan
80 k Jan
57k May
33 k Apr
15k Sep
91k Sep
Jan
29k Dec
79k Dec
4634
46
13kJan
49
19''i<Oct
62 k
Mar
Jan
97 k Jan
72 k Mai l-12kApr
22 Dec 33 k Apr
91 Feb 106 k Apr
Feb 2 86 k Jan 115 k Apr
Jan 29 89 Jan 117 Apr
Mar
4
Jan 12
Feb 28
B'eblO
12k Dec d 24 k Apr
434 Mai
2 Aug
53 k Nov 78 k Eel)
Ik Nov 334 Apr
Mar21
6 Dec
31k Feb 25 21 No
3 k Jan
6k Feb 9
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14 k Feb 10
6 Dec
39 k Feb 10 20kJau
•90
Maris •40 J'ly
8 Feb 3
5 k Sep
551 Marl2 420 Dec
•10
Feb 11 •10 Apr
31^8 Feb 10
11 Jan
9kJ'ly 3
6 k Dec
•40
Sep 2'. •25 Apr
1-^32 Jan 2
1% Jan
16 Mar24 15 Oct
75 Feb 13 4334 Mar
48 k May 7 18 k Mar
131k Jan 10 54 Jan
118kFeb 6 113 Dec
6 Murl7
Ik Jan
14 Feb 9
7 k Dec
5 k Apr 23
3 Jan 12
2 k Dec
934 Dec
17k Feb y
18 Feb 6 12k Dec
1234
2kJau23
llkFeb y
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3 J'ly
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1
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2 k Feb y
23 k Feb y 14 k Nov
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34 FeblU 21 Nov
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126k Feb 6 100 Nov
4 Feb 10
Ik J'ne
8
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lOkJ'iy
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35
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1
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9
3934
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Feb
12 Jan
28 Mat
334 May
650
2
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2 k J'ly
1934 J'ly
66 k Oct
56 J'ly
146 k Sep
119 Jan
6kM)fe
1534 Fell
6 k Jan.
26
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21k May
Sa^Maz
1 k Sep
7 Nov dl3k Mat
58
3
18538 Apr
17 k Jan
49 k Sep
6 Oct
434
134
Mae
Jan
4k Mar
25
8934
34
Feb
Feb
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5
Hay
147
Feb
Dec 281
Feb
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Ik Sep 4 Feb
May
18
Nov
8
190 Feb 6 140
l«i6Feb 9 50
3 k J'ne
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4k J'ly 24
13
150
123
169
Oct 10 18 Jan 2
3i4Jan
8 k Mar 9
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5,305
4
171
297k J'ne
134k Jan 8 112k Nov 135k Mat
12-2 k Feb 18 115
Jan 123 Sep
3
2 k Oct 13
i',2"l6
Mar
24
Oct 22 28
71 Oct 23 102
67 k Oct 13 108
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110
'256 •75
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88 k Oct 19
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7 Sep 30
7134 Oct 15
9 Oct 10
33 J'ly 27
12 k Oct 13
57 k Oct 12
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Oct 19
9
99
26
28
86I4
7
Aug 10 190
10k Sep 24
25
Copper Range Con ColOO 26,323 37 J'ly 24
780 36k J**" 20
Daly. West
20
100 4,140 oOi^Oct 13
Dominion Coal
25 106 Oct 16
»107
100
109
Do pref
2 Oct 2
60
234 Elm River
12
7 J'ly 23
120
25
7 k Franklin
334 J'ly 24
725
Granby Consolidated. 10
4k
50 •62 k Oct y
1
Guanajuato Consol.. 5
••87k
SuJ'lyie
225
6
6 Isle Roy ale (Copper). 26
3 J'ly 24
240
434
434 Mass Consol
25
Sep 18
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25
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1
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50
25
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26 1.965 31
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3k
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75 Oct '03 iMonlreal cfe Boston.. 5
Mayl4
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75
25
May'03 National
81 •50 J'nel9
25
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Oct 8
5
968
1134 Old Dominion (Cop).. 25 9,756
25 2,175 43 Sj J'ly 24
55 Osceola
64
922 16 J'ly 24
17 k Parrott(Silv<& Copp) 10
16k
aSjAugio
110
25
Phrenix Consol t
*3k
22 80 Oct 15
88
25
90 Quincy
Ik Oct 16
275
1'4 Rhode Island
25
Ik
1 J'ly 24
238 Santa Fe(Gold<fc Cop) 10 3,280
2k
884 Oct 16
631
10
8 Shannon
Last Sale 50
Atig'03
Last Sale 33
J'ly '03
Last Sale 70
Sep '03
6 '4
6 '4
5k
6k
17k
9k
25
25
36k Amalgamated
Amer Gold Dredging 5
Am Zmc Lead <& Sm. 25
7
Last Sale 20k Sep '03
42
43 k 45
45
38
38k
38k 38k 38 k 39
72
71
6934
73
70 k 73 's
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52 k 55
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7
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26
95k Mar
256 k Dec
149 k Dec
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14
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17 Mar 16
33''8May23
9 Feb 9
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77
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fAss'tpaid. tEx-nghts. oEx-dlv.&nghte
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Oct.
'
Boston Bond Becord.
24^ 1903.]
BONUS
BOSTON STOCK EXCH'GE
Week Endi.no Oct 23
Week's
fYidau
Oct as
Atch & Nebraaka Isl 7.<..190S
Atch Top Jo S Fe gen g 4s. 1995
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issue
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1939
2d 5a trust receipts
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105 Sj Oct '03
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135 12 Oct '03
135 "2 Sep '03
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16
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98
68
63
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N Y<& N Eng 1st 7a
in addition to the purchase price for all
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Monday
Oct.
ACTIVE STOCKS
Oct.
Thursday
Oct. 22
Wednesday
Tuesday
29
no
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Sales
Sands and Inactive Week
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latest bid
;
70
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10234 Apr '03
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102 J'ly '03
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"a
I2II4
12138 123>4
J'uo'O,
J-J
04
1
11 2
79
91
106i«108>a
107i2lll>8
01 104
112 May'Ol
100 18 Oct '02
119 J'ly'O
105 Oct 'O'J
100 J'ne'02
102 5Iar'02
J-J
lOli-j
00
1023,
10234
101 12 Oct '03
IO212.
101 12.
100
96'-..
[12612 130
Mar'02
96
102 12 102 H.
IO2I2 102 li
10212 Aug'03
106isMai'03
.103
titiih,
97
1109
Bll4
95
9»4Sep'03
J-J
J-J
Friday
Low
'03
<)i;:<.,
118 Apr '03
72 Sop "03
M-'sOct '03
72
J'ly
J'ly
Exchanges— Stock Record,
Per Centura Prices
Iliqh So\
Oct
•7
ittlW,
101 '•2
10-J
P^l-'sOct '03
102 J'ne'03
A-O
A-O
A-O
'
»
Jamtary 1
96 Aug'OH
79
SO
106 's May'03
107 1-2 Oct "03
"so"
J-J
Since
g
126 '.J 126K;
100 J'lie'03
109 Sep '03
115 's lir)V
A-O
1907 A-O
1908 A-O
1915 A-O
oj
Saturday
Oct. 17
934 .Spl
1905
1906
98
Ist 68
99
1924
9612 Old Colony gold 4s
90
Oreg Ry ife Nav con g 48. .1946
103 12 10734 Oreg Sli Lino Ist g 68
1922
96
9812 Repub Valley Ist s t 6s.. .1919
190
Rutland 1st 6s
125 128
Rutland-Canatlian Ist 481949
123 127 12
100 107
Savannah Klec 1st cons 5s. 1 952
1930
102 107 12 Seattle Kleo Ist g 58
1918
Torrington 1st g 5s
U214U214 Union Pao RR <fe 1 gr g 48.1947
1911
100 10334
1st lien conv 4s
9JI2IOO
United Fruitconvgen5s.l911
105 110
1903
Vermont & Mass 5s
105 107 14 We.sl End Street Ry g O8..1902
Gold4i2S
1914
1916
Gold debenture 4s
135 >2 138
Gold 48
1917
13512 I3712 Western Teleph <fe Tel 58.1932
87
1st
gen
4sl949
Wisconsin
Cent
88
14
941a
8712 94
Wisconsin Valley 1st 7s. .1909
Philadelphia and Baltimore Stock
Sliarc I'rices— Not
102
10534 10534
...
91I4
9258
8918 Oct '03
Sale
78..HU7 A-O
ifc
91
99
.
'03
J'ly '03
101
108
rremtElk&.MoVlst6s..l933 A-O 135
1933 A-O 135
Unstamped 1st 6s
92^8
GtNoi- CBifcQcoUtr4sl921 J-J
Registered 43
'7
Jan
100
1904 M-S
1927 M-S
Fitchburg48
1073s
10914 Mar'02
12
Ist
Kan C Clin Spr 1st Ss. 192.'^i A-O 97
Kan C Vt S Guir 1 St 78. 1908 J-D 109
1928 M-N 116
Kan C FtScolt M 6s
11131 M-S
Kan V, iM B geu 4s
Maine Cent cons Ist 78. ..1912
1912
Cons 1st 4s
HI 115«8
M:uq lloiig)iifcOntlst6s.l925
cons
48.
.1911
Central
Mexican
97
9012
Jan 1939
Isl cons inc 38
Jan 1939
1321413214
•lA cons Ino 33
117>4ll7i4 Mich Teloii cons os tr rec.1929
con
Elec
5s 1929
Miune
Gen
g
80
88
1929
100 IOII4 New Eng Cot Yarn 5s
1906
107% 10738 New EugTeleph 6s
....
123
123
102>2Sale
105
1121.1
C
laFallsifc .SIOUX
I
'03 ....
97 Sj Sep '03
125 J'ly '03
123 Oct '03
10212 102 "2
105 Oct '03
,
1131211312
ii7
101 34
S6i8 92 12
80
10418 Oct "03
104k
Ask Low
"97"
Kan C & M Ry<k Br Ist 5sl929 A-O
113l2ll3>2 Kan est Jo A C IJ 1st 73.. 190" J-J i07'i
1023^,113
L R it Ft Sm 111 gr Ist 7s. ..190,") J-J 102 Sale
....
..--
J-J
Coll trust refunding g 4sl940 A-0
Ch Mil cfc St P Dub D 68.. 192(1 J-J
St P Wis
div 6sl920 J-J
Ch
Chic <t No Mich 1st gu 5s.l9:!l
Chio it
Mich gen 5s. ...1921 J-D
Concord ife Mont cons 4s. .1920 J-D
Conn ife Pass R 1st g 43. ..1943 A-0
Current River 1st 5s
1927 A-O
Det Gr Rau ife
1st 4s... 1946 A-0
1913 M-S
Dominion Coal 1st 6s
1906 M-S
Eastern 1st gold 6s
dobeu 5s
1910 J-J
Non-i'imvcrtdcben os... 14)13 A-O
Illinois Steel
ioi"ioi"
99 12 Oct '03
105 Feb'03
98 14
90 12
106 14 Deo '02
98 May'03
93 14
93
M-N
V
....
98
100 J'ne'Ol
132 "4 Mar'03
II7I4 Feb'03
80 Oct '03
100 J'ne'03
J-J
Week's
Kange or
Last Sale
ma
Jligh
Kange
Price
ttida 1/
net 23
ifc
1121-..
Oct
Pi?
ifc
105 12 J'ly '02
A-()
W
M&
II2I2
ll'J
M-N
19'27
Nebraska Exten 48
St 4s
1921
B<fc S
lUinoisDivSios
1949
Joint bonds See Gt Northern
Chio Jo Ky <fc Stk Yd8 5s.l91;".
...
1131-j
J-J
1918
1910
Sinking fund 4s
1917
1st
6s
Boston
Butte ai
Cedar Kap Jb Mo R Ist 78.1916
1909
2d 7s
Cent Vermt 1st g4s..Mayl920
1903
ChicBurUtg 1st 7s
1919
Iowa Div 1st OS
1919
lown Div l8t48
1913
Debenture 5s
1922
Denver Exten 4s
Non-exempt 6s
2tl
.
Apr '00
Apr '01
Jim '03
113 Feb '03
901-j Feb '03
F-A
J-J
J-J
1918 J-J
6s
8--
98 "b 100 %
89 Oct '03
Nov
1
96
991s
93 Va 98V
4
94>-;
Adjust menlg 4s.... J'ly 1995
1907
Bosloutfc Lo'well 4s
Boston
No Low
Iliqli
itSi-a
061^ Sale
i
BOSTON STOCK EXCH'GE
WEEK ENDING OCT 23
iMnco
Last Sale
-lisle 1m%o
Bid
97 Hj 98 Hi 97 >2
Am Bell Telephone 48.... 1908 J-J
Am Telep & Tel coll tr 43.19'J9 J-J
MS
IIONU.S
Range
"S-.
Jiantje or
1281
Range lor Previous
Year (1902)
f-fbr
lYiday
Oct. 23
Lowest
Highest
Lowest
Jiighest
Baltimore
•61
85
60
*84
12
*20
8
85
1334 14
22 12 22\
9i«
918
*60
85
61
85
"6012 6212
•841a 85
85
I212 I212
2II4 2II4
1234
2II2
Sh
Sifl
8I4
13
21
13
•60
85
*12
85
13
9
9
211a
y
8^8
Consolidated Gas
Northern Central
100
381 60 Oct
50
97 84 la Oct
100 1,375 lli4 0ct
121a Seaboard Air Line
•20
Do
pret
100
290
21
20 Oct
9 United Ry & Electric. 50 3,047
8 Oct
•S'a
60
61
84 >2 85
*12i4
12 72i2Jan 5 6214 Jan ,7418 Sep
23 118 Jan 12 104 Jan l25i4J'ly
9
9
19
28i4Jan 2
45 Jan 2
14i4Jan 3
23=8
Dec
40i4Dec
13
Oct
55 Is Aug
17 Mar
Philadelphia
American Alkali
1
*31i4
312
64I4
363^
3612 3634
32
43
8014
SOI4
312
31a
64
641-i
"5334
3534
6
1134
22 12
37=8
•31 12
*31ia 32
421a 4212
7818 791s
65
'597^;
36^4
6
113^
Steel
"5'S)%59i3ie
35''s
6
1238 *12i,
2338 22iii8
12%
36I4
6
13
231*
3II4
37 12
32
4334
4334
37
la
79 12 79
11;.
PHILADELPHIA
E
PhU
9814
1st 581926. J-D
Berg<fcEBrwlst6s'21 J-J
Betlile Steel 68 1998. Q-F
Che
Can 1st 5s '16 J-J
Choc
Ist OS 1949 J-J
gen 5s '19 J-J
Ch Ok
Col St Ry 1st con 5s 1932
ConTracof J 1st 58.'33
E <& 1st 5s 1920 M-N
Elec <fc Peo Tr stk tr ctfs
Elm <fe
1st 6s 'lO.J-J
N
M
WU
A
73p
Eq
50
II
Gas-L 1st g 03 1928
H & B Top con 53 '25 A-O
20
Ry 48.1933
Rys—
IndianapoUa
Interstate
3-312-48 1943
F-A
Nav 4123 '14. Q-J
Lehigh
1914. Q-F
RRs 4s g
GenM 4128 g.l924. Q-F
LehVClst5s g '33.. J-J
61
61 12
& Schuyl H..50
Nesquelioning
50
N Haven Iron <fe Steel.
North Penn.svlvania..5o
Pennsylvania" Salt
50
Pennsylvania Steel.. 100
Prrtterred
lOO
PhUa Co (Pitts) pref.. .50
98^4
93
9812
937.
Railways General
10
Snsqneh Iron & Steel..
Tidewater Steel
10
United N J RR&C.IOO
Unit Pow <fc Trans
25
United Trac Pitts
50
Preferred
50
Warwick Iron & Steel. 10
West Jersey & SeaSh.50
431a
94
..„
Con
334
"79"
Coal... 50
;
4
64
Mot "82
P W&B
48 '37 .J-J
U
U
97
967,
106»i
103
100
109 S2
109
Penn <fc Md Steel con 6s.
Pa & N Y Can 7s '06. J-D
Con 03 1939
A-O
Con 43 1939
A-O
Penn Steel 1st 5s '17 M-N
People's Tr tr certs 4s '43
P Co lst<fc col tr os'49 M-S
no sales on this day.
||
96I4
61
110
103
961a
6II2
9912
Inactive Stocks
Atlanta & Charlotte. .100
Atlan CoastL (Conn)lOO
Canton Co
100
Georgia Souifc Fla...lOO
1st pret
100
2d pref
100
G-B.S Brewing
100
Mt Vernon Cot Duck
Unit Elec L ifc P pref.50
'-.iS
12314 lii'h.
104
108
109
107
IOII2
IO6I2 IO7I2
Lowest is ex-dividend,
t
1952J-J
1st 68 tunnel. .1911 J-J
Bait Trac 1st 5s.. '29 M-N
No Bait Div 5s 1942 J-D
Convertible 5s. '06 M-N
Central Ry 6s... 1912 J-J
Consol 58. ...1932 M-N
Ext& Imp 58.1932 M-S
Clias City Ry 1st 5s '23 J-J
Ex-rigW
Char! C & A
2d 7s
1910A-O
98=4
i09"
GaCar&Nlst5sg'29J-J
Georgia P 1st 6s. '22 J-J
GaSo <fe Fla 1st 58 1945J-J
-
.
G-B-SBrew3-4sl951M-S
llOia
111
49
2d income 5s 1951 M-N
Knoxv Trac 1st 5s '28A-0
LakeR El 1st gu5s'42M-S
Mt Ver
135
160
250
95
85
50
45
921a 97
60
70
7
9
1
II2
91
10812 109 12
105
97
106
118
99
113
Cot Duck Ist 5s
Incomes
New Orl Gas 1st
7934 Sep
3812 Deo
5iii6 0ct!
34 J'lyi
134 j'ly
85
Sep
5058
Apr
9i2Sepl
18^8 Oct;
393 J 8
II212 114
116 117
101 la 104
110
109
103 12 105
Sep
1
45 Is Sep40^18
Oct
i
4834 Feb,
3L26
May*
40i2Sep
Bid
Ask
80
110
113
86
llliji
91
115
109
110
1031a
IO6I4 106»4
118
110
46I4
30
101
118
116
6212
10
Ill
4634,
32
!
P05
120
65"'
12
os.. Va.r
100
106"
Norfolk St 1st 58 '44.. J-J
95
100
North Ceut4i2Sl925 A-O
no
J-J
6s 1904
Series
5s 1926. ...J-J
Series B 5s 1926
J-J
Pitt Un Trac 5s 1997. J-J
Poto Val 1st 58 1941. .J^
Sec AvT(Pitt3) 5s '34 J-D
.Sav Fla .fewest 58 '34 A-O
Seaboard L 43 1950 A-O
Roan 58 1926. J-J
Seab
103
104>^
Npt N&O P 1st 53'38 M-N
A
&
A
South Bound
l.st
Ss.-A-O
UElL<fePlst4i2S'29M-N
Un Ry& El 1st 4s '49 M-S
Income 4s 1949
Va Mid
J-D
Ist 68 1906.. M-S
2d series 6s 1911. ..M-S
3d series 6s 1916. .M-S
Balt&Plst6sml'll A-O
114'2
I07I4
10734
Chas Ry G
<fe El 5s '99 M-S
ext 5s. '09 J-J
36 Apr
80 14 Apr
City&Sublst5s..'22J-D IIOI4
BaltCPasslst58'llM-N
119
Fundg 5s. 1916 M-N
Exchange 312S 1930 J-J llOia
Refunding 3
Jan
"2918 Sep"
I21I2 124" City& Sub(Was)l8t5s'48
121 122
Col&Grnv 1st 68.1916 J-J 112
114
Consol Gas 6s.. .1910 J-D 108
102 12 104 12
1939 J-D IO912
5s
Ga& Alalst con 5s '45 J-J 1021a
-"'-
90
J-J
Bait
IJ412
24
BALTIMORE
Ask
115
Marll
MetSt(Wash)lst5s'25FA
Atl Coast L(Ct)ctf s 5s J-D
Ctts of indebt 4s
J-J
MN
No Penn l.st 4s '36..
Deben 6s 1905
M-S
Penn gen 6s r 1910. .Var 112 "v
Bid
Aug28 31
BALTIMOItE
77
75
.
20
col tr 4s '21. J-J
Roche.ster Ry con 5s 1930
S R E Side 1st 5s g '35 J-D
Trac Ind gen 58^9. J.J
Trac Pit gen 5s '97 J-J
Welsbach s f 58 1930. J-D
10334
Income 4s 1939. ..M-N
Consol 6s c 1905. ..Var
Consol 5s r 1919. ..Var
261
M
M
Leh V ext 4s 1st 1948. J-D
M-S 118 '2 1191.^
2d 7s 1910
J-D 118
Consol 6s 1923
Annuity 6s
J-D 135 >2
Leh V Tiacl8t4s'29.J-D
70
82
Bonds
Nat A.sphalt 5s rects..
Anacostia & Pot5s
New Con Gas 5s 1948 J-D
Atl& Ch 1st 7... 1907
NY Ph & No 1st 4s '39 J-J
4234
&
Elec gold trust ctfs.
Trust certifs 48
<fe E gen
5 g '20. A-O
Gen
48 g 1920.. A&O
Ph & Read 2d 5s '33. A-O
Con M7s 1911
J-D
ConM 6s g 1911.... J-D
Ex Imp M 4s g '47. A-O
P
Terminal 5s g 1941 Q-F
105
Ne-wark Pass con os 1930
Plul German
Xorris.50
Phila Traction
50
100
PHILADELPHIA
Ask
iionds
II412
451^
WelsbachCo
20
md
ext 7s 1910 A-O
la
Mlnehill
RR
*17
&D
& Me
&G
50
10
50
Bid and asked prices
38
AmRysconv5s 1911. J-D
"42" Atl
City Ist 58 g '19.M-N
Inter Sm Pow & Chem.50
Keystone Telephone ..50
»
65
6ii8
6
liie
312
BaUs Ter
45
Eaaton Con Electric... 50
Electric of America. ..50
Klec Storage Batt
100
PrefeiTed
100
Gen Asphal pf int ctfs...
Germaulown Pass
50
Harrison Bros prel...lOO
Indianapolis St
100
Westmoreland
65
37
"59""5'93;
35 5g 3612
Al Val
7
Steel...
Little ScliuylkUl
36
Ask
Preferred
Preferred
Lit Brothers
312
65
37
79 b 79 '8
2.S3ie
"18
11*
31a
7818 783^
63,
50
American Railways... 50
Bell Telephone
50
Cambria Iron
50
Central Coal <fc Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
50
DanviUe Bessemer... II2
1
338
37 =e
32
42 Tg
Bid
luactive Stocks
American Cement
10
Diamond State
64
"1834' is'e
"l8»^"l834
228i8
-37^4 38
*3li4 32
42^8 43 Sg
42 la
PHILADELPHIA
Amer Iron •&
lis
312
3534 3612
58''i8"59ii
3514 3638
5i5ie
6
III2 III2
227i8 233s
*37i4 38
SSh
42''9
1
13fr
4
64
"693^59i8i^
3634 37 '4
6*18 6I16
1134 11 7j
23 12 2334
•38
"1814 "18^8
"I8i4"l8s^
138
4
64
36»«
Apr
1
Do
"19" ""191^
l^ie
la Sep
50
igJanlO
% Jan 10
pret
50
"5
"23"
"is's'VsTg Cambria Steel
May
50 3i5¥4 "l8"Sep28 "2634' Jan
Consol Lake Superior.. 100 10,432
6 Dec
3i8Sep22 9«i8Jan 2
*3
314
100
722 li3i8Sep22 4934 Jan 2 33 Dec
Do pret
65 Lehigh Coal <fe Nav
50
207 64 Aug 7 7934 Feb 5 65 Nov
65
36«8 3712 Lehigh Valley
50 1,618 35 Sep 28 45^8 Jan 30 2914 Nov
*lia
li2Sep29
100
2^8 Feb
134 MarsdenCo
4 Jan 6
I4 Aug
i2Febl8
Nat Asphalt Tr Co rects 50
lie J 'nolo
lyJ'ne 8
Do pref Tr Co rects 50
1
Feb 16
•la Oct
"591^ '597;; Pennsylvania
50 5;i56 57 12 Sep 29 7834 Jan 6 7334 Jan
35=8 3618 Philadelp'a Co (Pittsb) 50 5,988 35 Oct 12 4734 Feb 10 43 12 Dec
6
6 Philadelphia Electric. 25 4,284
Aug (5 9 Jan 8
3 Is Jan
5
•1214 13
Phila Rapid Transit ... 50 1,100 lOkJ'iylS 17'78Jan 5
SVJ'ne
22 12 22^8 Reading
50 48,100 2034J'nelO .34iii8Jan 2 26i4Mar
27
Mar
38
38
Do 1st pref
Sep
28
44iiieFeb
40
50
36
6
a;30i4 30 14
Do 2d pref
50
200 30i4Oct23 401s Jan 6 30 Jan
44
44 Union Tracton
50 3,110 40^8 Sep 29 4734Febl6 32 Jan
7Hi8 79^8 United Gas Impt
50 2,501 76 Oct 12 116i2Jan31 101 12 May
Ang
3434
4th ser 3-4-53 1921. M-S
5th series 5s 1926. M-S
(State) 38 new '32.J-J
Fund debt 2-38 1991. J-J
West
C con 6s 1914 J-J
WesVa C&P 1st 6g'll J-J
& Weld 5S..1935.J-J
Va
N
WU
116
116
108
108
110
112
67
110
106
83
891
5818
103
105
110
108
105
92
9234
112
110
115
67 1*'
84
89'.,
58
93
i
93V
117'
——
—
.
5
THE CHRONICLK
128-2
Gas
Volume
TKAXSACTIOXS AT THE
DAILY.
Tuesilay
KKW YORK
409.633
717.97D
662,761
3(5,991,000
3.225.558 $304,078,100
$15,640,500
.
Weiluesday
Thnrsduy
Fnilay .... ......
Total
Bonds
$1,932,500
3,022.000
2,173.000
3,53S,500
2.651,000
2,323,600
......
67i>,907
463,337
391,947
67.956,3CM)
52,277,900
64.185,160
43.970.200
M'eek ending Oct 23
Sales at
Stock
Htc/iange
1i5sl922
16.000
$15,500
1 to Oct
1903
1902
—
2.900,001
1902
133,018.957
153.390,191
3.225.5r>«
Stacks Ncsbares
$301,O7S,U)0 $275,383,350 $12,451,837,775 $14,497,080,100
Par value
$579,500
$418,2u0
ifj,800
$17,200
Bank shares, par..
BR. and mis. twnds $15,640,500
$9,281,850
436.100
544,061,300
$1,117,400
3,325,900
756,292,450
$15,656,000
$10,427,700
$553,779,250
$760,735,750
$15,500
State bonds
Total bonds...
Satunlay
.Monday
•Tuesday
Wednesday .
-Thursday
Friday
Total.
Listed
share*
Bond
shares
sales
Listed
shares
4.
66
57
108
135 »a
72
12
53
101
90
97
38
90
h
115
78
47
110
82
100
99
165
82
53
120
Stock
1905
Hud.son River Teleph 100
80
90
IINorthwestern Teleg. 50 120 125
1IN Y <fc N J Teleplio 100 140
150
US 1920 See Slock Ex chang e Ust
Pacific & Atlantic
75
81
26
Providence Telephone. 50 f -HSouthern & Atlantic 25 100 ib'i"
Tel Tel & Cable of Am. 15 t
51I4ia8,
.
Bond
Unlisted
shares
100
100
TlGolddfc
Philadelphia
VnlUUd
99
61
52
Franklin
EXCHANGES
Boston
20
98
85
ComraerUnTel(NY).2
DAILY TRA-NSACTIONS AT THE BOSTON AND PHILADELPHIA
Weekending
17
LouitWabV lst6.'<'25.J-D
Emp & Bay State Tel 100
$15,500
34.200
10.378,000
i
IlLaclode Gas
liPrelerred
II
BO.VDS
&OTernmeut bonds
Oct 23
li>03
100
A-O
103
&
23
Kno York
1903
A-O {100
Madison Gas 6s 1926. A-O no5
Newark Gas 6s 1944. Q-l <135
Newark Consol Gas.. 100 70
5s 1948 iSc? Stock Exch Ust
110 Jfc ludC Natdii 111 .100
8
1st 63 1926
J-D
49
Providence Gas
50 t.....
St Joseph Gas 5s 1937. J-J
92
stPaulGas Gen 5s'44M-S
87
Syracuse Gas 53 1946.J-J
95
UnitedGas<&Elec,NJ 100
Preferred
100
Tclegr
Telephone
U Amer Teleg <fc Cable 100
78
BeUTeleph of Butlalo 100
95
';Central <fc So Amer .100
94
Chescfe PotoToleph..lOO
36
5s 1909-29
JJ 103
Commercial Cable ..100 140
$500
January
Ask
81
100
lOO
Lafay'eGaslst68'24.M.N
U S
Bonds
State
Jtc
jud
50
Kansas City Gas
£onds
f3>»,697.6.-i0
Securities
Gas Co
J3g 1937
STOCK EXCHA-NGE
Sailroad
Par valus
Share*
J.ickson
WEEKLY AND YEARLY
Stocks
Week fniiing
Oct 23
iyo3
Salarday
Monilay ....
Stock Exchanges
of Business at
Lxxvil:
sales
18.750
19.204
18.858
18.733
12,022
12.531
8,582
15.631
17.460
13,975
10,301
20.199
23.000
35,600
54,100
48.300
55,500
38,000
$14,626
15.872
17,077
19,106
12,012
11,159
7.043
7,037
9,618
7,121
2,960
4,059
$58,000
61,900
58,600
68.300
63.800
63,400
100,093
36,148
$304,500
89,852|
37,838
$374,000
.
<fe
<fe
..J-J
99>2 100
m2
M
:
6
108
Ust
84
94
104
108
101
60
IniUauapoIis St Ry S^e Phila Ust
97 100
1st raort 53 1919. ..J-D
245
J C Hob <fe Paterson..lOO
15
17
34
35
TlUniou Ferry stock .100
H B'y & 7lU Ave slk ..100 242
100 la
4sgNovl 1949. ..M-N 65 "a 661a 1Il8t5sl920
92
fllstmort 5s 1904 ..J-D 100
M-N 90
4I4
Lake St (Chic) El stk.lOO
105
4^4
ij2d niort 5s 1914 ...J-J 104
Excli
Stock
Ust
Ist
J-J
99
101
See
58
1928
i
Con 53 1943
Railroad
115
B'waySurllslosgu 1924 «107 110 ULouLSV St5sl930..J<&J
113
85
Buffalo* Susq pref ...50
87
2d 5s int as rental 1905 i 99
100>a LynnJfc Bos 1st 58 '24.J-D nil
Minneap St Ry 5s See Stk Exch list
Chic Peo <fe St L pref.lOO
TlCenfl Crossi'n stk. .100 265 266
...M-N
120
New
Orl
Rys
Co
100
8
ni8
7^2
4
8
Deposited stocK
lilstil 6s 1922
29
Preferred
100
9
15
ITCeuPkNife Ell stk. 100 205 210
Uudeposited stock
190
4'2S 1952
J-J i 78
81
Prior lien g 4 »2.s'30McfeS no6 108
flCUr't'Tifc loth St stk 100 180
North Chic Str stock. 100
90
99
82
88 >a
Con mtg g OS 1930.J<fcJ
Ool<fc 9th Ave 58 See Stock Exch List
15
Nortli Jersey StstocklOO
17
20
25
Income 58 1930
Drj- D E B cfe a—
114
M-N 68
71
48 1948
Ch B I & Pac 5s .See Stk Exch Ust
iilstgold53 1932.. .J-D 111
F-A 101 103
Pat Ry con 6s 1931. .J-D n2i 128 ^i Erie couv43Apri'53A<feO i 86
86
tScrip 58 1914
2d 6s 1914
A-O noo
Mex Cent deb 3-48 (w 1).. 62
H Klghth Avenue St. . . 100 405 410
73>2
8518
....F-A
105
106
Rochester
1
00
74^4
85
Ry
Northern Securities.. 100
liScrip 68 1914
96
32
Preferred
100
98
Pitts Bess & L E
T,42d& (ir St F'y 8tk..lOO 410 415
50 t 30
Con 5s 1930 See Phila list
73
& St N A V 100 70 75
Preferred
50 f 70
lJ42d St
2d 5s 1933
J-D il02 105
30
tlstmort 68 1910 .M-S 108 109
Va & Southwestern. .100 20
9-2
96 100
So Side El (Chic) stk. 100
93
{2d income 6s 1915 J-J
Syracuse Rap Tr 5s 1946 i 99 101
L«x A V & Pav F 5s See St k Exc Ust
Industrial and MisccI
14'2 151-.,
Metropol Securities See Stk E X Ust Unit Rys (St LTrans) 100
Preferred
100
61
90 100
63
Metropol Street liy See Stk E s list
AUiance Realty
100
Gen 4s 1934.... See Stk Exch list
9
8
DAUis-ChaUners
iOO
Ninth Avenue stock. 100 190 200
stockloO
205
210
UnitRj'sSanFran
iSeeStk
Exch
list
80
Avenue
erred
100
Second
llPref
103
51
Ry & El Co.... 100
9
i)h TJAmer Bank Note Co. 50 f 48
lllst niort 5s 1909 M-N n02
314
112
Preferred
100
38 H! 40
3
Consolos 1948.... F-A
American Can com... 100
71'2 72
2314
175 180
J-D
28
4s 1951
Preferred
100
i; Sixth Avenue stock 100
.J-J
108
109
50
90
100
1945.
West
Chicago
St
100
55
Boolev
53
American
Chicle
Co.
.100
Sou
U
85
80
Preferred
85
100
TlCong 68 1936.. ..M-N i 74
So Fer 1st 6s 1919. ..A-O 4105 108
la
American Elji*aled..
Third Avenue See Stock Exch list
%
1928
107
108
5
P & 5s
Amer Graph»^one...lO t 4
Tarry
Gas Securities
8'
ykersStBK OS 1946A-0 108 109
Preferred
10
t
91a
NEW YORK
90
Amer Press Assoc'n.lOO 80
28th <fc 29t,h SU Ist 6s '96 nio 116
271.
410
no4 106 Amer Shipbuilding.. .100 25
Cent Union Gas Ist os
IJTwenty-Tli'd St stk 100 402
J-J
103
85
102
Con Gas (N Y) stk. See St k Exc h Ust
Preferred
100
931a
Deb 5s 1906
F-A
2
1942
115
116
Stk
E
4
1st
us
Ry
Equit
Gas
cou
58
1932
See
X
Ust
Soda
Foun
com..
100
Union
65
75
Westchest lat os '43 J -J 108 "i 109
HMutual Gas
100 260 300
1st preferred
100
13
17
New Amsterdam Gas
2d preferred
100
BKOOKLYN
1st consol 5s 1948. .J-J 103"-., 105
American Surety
50 160 165
.A-O
10212
92
1909.
os
il02
Exch
Ave
Stock
list
Strawboard
6s...
F-A
See
Allan
i.
A-O 110
250
Con 5s g 1931
N Y & East River Gas
Amer Tobacco com... 50
140
1st 5s 1944
100 125
Imut OS See Stock Exc h Ust
J-J ao9
111
UPreferred
32
30
E 53 1933. .A-O 101 102
Typefo'rs com. ..100
Consolos 1945
J-J «106
BB&
108>a
95
..10
90
stock.
230
City
233
100
Nor
Un
Ist
1927.
M-N
106
Preferred
Brooklyn
58
iil02
•2 hi
2'4
^Standard Gas com ..100 125 133
Amer Writing Paper. 100
Cou 5» St', stock Exch list
11
12
100
TlPrelerred
Preterred
100 150 155
Bkln Crosalu 5s 1908.J-J 103
68
70
J-J
Ist 58 1930
M-N SllO 112
Bku Hgt8 Ist 5s 1941 A-O 105 106
5s 1919
20
18
BkinQCo&Sub SeeHtk Excli ist
TIBarney* Sm Car ...100
OTHER CITIES
130
UPreferred
100 122
Bklyn Rap Tran See Stk Exch list
160
J-J i 76
77
Amer Light & Tract. 100
55
50 140
Bliss Company com
Bef B4s 2002
Preferred
50 140 160
84
Preferred
100
87 "a
tConey Is. & Bklyn ..100 385 3'JO
305
295
.J-J
1948.
98
100
Bait
Guar
100
48
Baltimore
ConsoUdat
Ust
Bondifc
Mtg
See
l8t cons g
3
117
BrkCfc N 58 1939.J-J 113 IISH; Bay Slate Gas
50
16 Borden's Cond Milk.. 100 112
100 105 108
Bingliamton Gas 5s 1938 i 93
96
Prelorred
GrSt<feNewl8t&«'06F-A 100 102
'8
3 t
107
BuIlaloCity GaastocklOO
4
5
Camden Land
OT'pt (feLoriiuer St let 68 105
100 114 116
Ist 5s 1947 See Stock Exch Ust
Celluloid Co
Kings Co. Elevated
12
20
CliicagoGas 6'eeN V Stk Exch Ust
Cent Fireworks com. 100
Ist 48 1949 See Stock Exch list
50
60
100
90
9034
100
(Cincinnati Gas & EleclOO
Pref erre<t
83 Sj 84
Nassau Elec pref
lig
1
100
A-O 110 112
90
97
Central Foundry
Col Gas L <& Heat com 100
58 1944
9
7
100
St
96
Preferred
See
k Exc h listl
Preferred
100
98
Ist 4s 1951
52
Deb 6s 1919 op 'OlM-N 48
Wb'g&Flatl8tex4'28 100
Consol Gas (N J) stk. 100
105
100
J-J
Century Realty
Ist 5s 1936
fe9
bteinway let 6s 1922.J-J *112 113
460
440
Cliesebrough Mfg Co 100
Consum Gas (J City)—
36
34
M-N ilOO 101
Chic Pneumatic Tool. 100
Ist 6s 1904
OTHEE axiES
96
90
1]Clallin(H B) Islpref 100
50 t
TiDetroit City Gas
95
90
100
86
Essex <& Hudson Gas 100
87
Buffalo street Ry—
1i2d preferred
90
98
100
62
ilCommon
Fort Wayne 6s 1925. .J-J
66
let cousol 59 1931. .F-A ill2
113
60
65
100
HockCoal&Ipf
C0I&
A.O U05 107 UGascfe El Bergen Co 100
Deb 6» 1917
86
84
J-J
Ist g 5s 1917
Chicago City Ry stk. 100 170 175
Grand liapids Gaa
I2
F.A 5100 102^4 Coinpre8se<l Air Co.. .100
Chic Unionl"rac&««St'ck Exch list
Hist 58 1915
70
60
48
Consolid Car Healing 100
50
100
Hartford (Ct) Gaa L...25
Cleveland City Ry
25
15
100
58 Wj 69 >a flCous Firew'ks com .100
Cleveland Electr Ry.lOO
Hudson Co Gas
64
67
65
65
100
UPreferred
See Stock Exch hat
Columbus (O) St By. .100 84 >v 85 '4
58 g 1949
3
3^.
'4
Con.'^Ry Ltg&Hetrig.lOO
Preferre<l
9934 iOOSi Indiana NalA 111 Gas—
100
la
M-N 63
Consol Rubber Tire. .100
66
CVlum Ry con us See Ph da list
Ist 63 1908
10
6
Debenture 4s
70
Croasl'wLi l8t5s'33.J-D 108
109>2 ludiauapoliH GasslocK 50
10
-M-N J 103 "a 105
Cons Storage BatteryiOol
ftctroit United Ry.S'^e Stk F.xch list
Ist 6s 1920
1950
mo
'
W
W^h
M
Am
NY GEL H&P
Am
W
Am
N
!
I
i
Buyer
ifi^yt
accrued interest.
1
Price per share.
t
Sale price.
a
9
Ha\T»na Commercial. 100
Preferred
100
Havana Tobacco Co.. 100
Preferred
100
Hooker-Jones-Jew'l Mill
Ist 6s 1922
M-S
Herring. Hall-MarvinlOO
Ist preferred
100
2d preferred
100
20
30
Hoboken
Land<fe
1910
Hou-stouOil
1158
Preferred
Hudson ReaUy
Ex rights.
11
19
30
95
1
30
4
Ash.
75
102
20
4I4
29^4
130
15
20'
45
114
li-J
6
10
9^
46
67
98
15ii
125
10
85
28-
50
21
40
100
3
40
8
ImplOO 200
M-N no2
100
100
Lightyuel&P of WValOO
4
B & NY 1st 6s 1911. J-J 106
Outside Securities
Con 58 1948 See Stock Exch
Weekly BevieiB of Outside Market will be found on a preceding page.
N Y & E li Ferry stk. 100 80
Ist 5s 1922
M-N i 92
N Y<fcHob0on 5s'46.J-D 103
Street llaiUvays
Street Knil^vays
Bid Ask
Bid Ask
Hob Fy 1st 5s 1946 M-N no5
NEW YORK CITY
Grand Rapids Ry
100
42
60
N Y N J 1st 53 1946. J-J 100
33
35
Preferred
50
100
83
86
Bleeck Sti& Ful F stk 100
10th
23d Sis Ferry 100
101
HackeusackMeadowslOO
Hall Signal Co
100
NY&
Ferry Companies
Hilt
225
Cramps' SlicfeEn BldglOO
5
IJCrucible Steel
100
4
100
U Preferred
293g
HDiamond IMatch Co. 100 128
Dominion Securities. 100
Electric Boat
100
17
Preferred
100
40
Electric Leftd Rednc'n.50
"4
Preferred
50
1
Electric Vehicle
100
51a
Preferred
100
8
Electro- Pneum'ic Tran 1
Empire Steel
100
Preferre<l
100
1I(ieneral Chemical ..100
60
UPreferred
100
Gold Hill Copper
1
Gorham Mfg Co com. 100 125
Preterred
100 125.
Greene Consol Cooper. 10
16
GugK(:)iiheiin Explorall'n 113
Interboro R T (fuU paid)
Internat'lBankingColOO
Int'n'lMerc Marine. 100
Electric Companies
Preferred
100
Chicago Edison Co... 100 130 140
Col tr deb 4 ^219220^*07
Edison El lU Brk 4s N Y Slock Exch International Salt
100
GenEldebg3i28 SeeSVk Exch Ust
I8lg58l951
Hartford (Ct) Elec Lt 100 225
lutoruational SUveo.lOO
155'
Preferred
H KingsCo El LifeP Co 100 140
100
Narragau (Prov) El Co 50
105
Ist 68 1948
J-D
35
ElL&PowColOO
John
B
Stetson
Q
com.. 100
65
Preferred
75
Preferred
100
100
Rholsl ElecProtecColOO 130
Kitchener Gold Mining.
United Electricof N JlOO
16
18
Lanston Monotype
20
60
48 1929
60 »a Lawyers Mort Insnr.lOO
J-D
Lawyers' Title Ins.. .100
Brooklyn Ferry stocklOO
lilsl luort 43
IndustrinI and .>lisccl
Consol Tobacco
100
Continental Tobac deb 78
105
2
5
100
82
140
120
25
4
131a
16
90
919
34
"36"
i
97
140
11
37
15
35
100^
100
6^2
150
275
31
7
160
290
33
HLorUlard (P) pref ...100 110
Madison So Garden. .100
12
2d 68 1919
M-N 60
Manhattan Transit
1=«8.
20
l^sl
Mex Nat Construc.pflOO
5
6
Monongahela R Coal.. 50
9
93.4,
2&ia 28
Preferred
50
Mosler Safe Co
100
1021a
National Carbon
16
181*
100
Preferred...
85
100
88
1834 22
HNal Enam & Stamp 100
72
IfPreferred
80
100
National Surety
90
100
NewBrunsCauuelCoal 1
3
45
HNew Central Coal
20
49
New Eng Cousol Ice. 100
3
N Y Biscuit 6s 1911. M-S 105 110
115
N Y Mtge & Security.lOO
125
15
20
100
TlNew York Dock
41
HPref erred
100
i
N Y Transportation. ..20
Nicholson File Co
100
Nor Am Lum'r & PulplOO
HOntario SUver
100
Otis Elevator com
100
Preferred
100
Pittsburg Brewing
50
Preferred
50
Pittsburg Coal
100
Preterred
100
Pitts Plate Glass
100
Pratt & Whitn pref.. 100
Procter & Gamble
100
Preferred
100
Realty Assoc (Bklyn)lOO
Royal Bak Powd pref.lOO
4I4
5
4
23
78
434
1671a
6
S-a
26
81
2612
40
18
633g
116
100
95
365 370
198 200
105 110
97
99,
68
RusseU <fe Erwin
25 t 61
158
165
Safety Car Heat & Lt 100
I9
Seminole Mining
1
5 t
106
Simmons Hardw com 100
126
Preferred
100
2d preferred
100
1201a
25
30
Simpson Crawford Co 100
86
Debsf 68'24op'05..J-J 76
Singer Mtg Co
100 300 340
3
5
Standard MUUng Co. 100
17
20
Preferred
100
62
66
58
Standard Oil of 'n J ! . 1 00 655 665
25
35
Standard CouplercomlOO
Preferred
100 116 130
Storage Power
50 t
h
h
Swift & Co See Boston St k Exc h'ge
lOlia
1st 5s 1910-1914. ...J-J noo
31
Tennessee Copper
25 f 30
80
90
liTe^as* Pacific Coal 100
1st 6s 1908
A-O n06 110
440
Title Guar & Trust ...100 430
150
Title Ins Co of N Y..100 140
11
13
TrenlonPotteries com 1 00
80
86
Preferred new
100
85
Trow Directory new. . 100 75
7,
Union Copper
10
e
85
Union Switch & Signal 50
105
Preferred
50
100
95
Union Typewr com. .100
100 102 105
1st pref erred
2d preferred
100 100 105
314
3
Unit Box board* Pap. 100
18
100
Preferred
18»s
2
1
100
U S Cotton Duck
25
U S Envelope com... 100
70
60
100
TIPreferred
5
U S Light* Heat.... 10
1|U S Red & Refining .100
100
IJPref erred
TIU 8 Shipbuilding ...100
100
UPreferred
Bonds— .See Stock Exc hlist
U S Steel Corp new 58 See Stk E X list
§10034
Coltr8f58'51opt '11
;
i
!
'
.
.
ioi''i
Col tr 8 f 58 '5 1 not opt. ilOl
1
2
Universal Tobacco. ..100
2
100
Preferred
160
160
Gu
West & Bronx T &
Westingh Air Brake. .50 1130 132
White Knob Mining. 10 t Ola
IWortliiniT Pump pref.lOO 108
M
SeUs on Stock Exchange, but not a very active seoarity.
'
i
..
.
...
Oct.
.
..
.
.
.
1
THE CHRONICLE.
24, 1903.]
luuestmewt and
1283
Jl>aiIiDad lutjelligjentt.
RAILROAD GROSS EARNINGS.
tl\e gross earnings of every Stf^M railroad from which regular weekly or monthly returns
can be obtained. The first two colnmns of figures give the gross earnings for the latest week or uiouth, and the last two
columns the earnings for the period from .Siily I to aud including such latest week or month.
The returna of tlie street raitioays are brought together separately on a subsequent page.
The following
table shows
LaUst
(Jro.is
BOADS
July
Earnings
VrirreiU
Year
year
or AJi>iU/l
1
to
VurretU
year
Latest
ROADS
iVi
.
Canadian FacUU
Caue Belt
Ceut'lof Georjilii
Cent'lof N Jersej
Central Paoitlc.
Chattan SoutU'u.
Cheeap AOliio...
Cliic* Alton Ry.
Cliio Gt Western.
Cliio
Ind
itLi'v...
Chio Milw
Cliie &.
& 8t 1
North
Vi'it
ChlcStP AI &0.
Chic Term Tr KK
ClnNO&TPao.
ClClnChA; 8t
L.
Peoria <fe East'u
Colorado JiSouUi
Col Newb & Luu.
Copper Range...
Cornwall
Cornwall <&Leb..
Cumberl'd Vallej
Denv. (teRioGr. (
Klo Gr. West. S
62,879
2,762,577 2,662,374
28,257
21,879
September 6.025.195 5,430,434 17.875,560 16,156,816
19.281,806
5,871,002
17,431,370
6,480.907
Septem..,s
328.974
261,580
166,368 141,306
AUKUSt
6,0:
3,084
5,490
3,240
Au.:;ust
17,9.57
5,421
6,422
14,733
September
9,226
4,949
9,190
4,171
August ...
2dwk Oct 159,488 159,084 2,508,937 2.215,817
157,225
75,104
142,015
76,722
August...
776,4.00
64,900
445,500
94,300
IthwkSept
954,000 13,969,498 12,279.286
•2d wk Oct 1,026,000
25,278
20,356
31.177
13,284
August..
2d wk Oct 207,460 190,550 2,587.314 2,55y,273
1,106.454
5,640,700
3,577,740
September 1,720,853
2,054,808 1.853,768 4,033,865 3,793.438
August
32,303
1.135
2,096
36,113
2a wk Oct
1,645,291 1,167.084 3,216,666 2,208,736
August..
1,047.166 890,286 2,000,073 1,696,760
August.
2dwk Oct 166,811 155,889 2,494,320 2,173,048
99,264 1.692,308 1,482,393
2dwk Oct 116,188
4.178,541 3,964,073 8.337,604 7,625,466
August
September 1:5133331 4.540,25'. IT 14,74a,479 12,737,142
1,015.677 1,019,626 1,967,549 1,914,876
August
488,507
35,683
601,366
32,782
2d\vk Oct
dwk Oct 120,603 101,011 2,000,059 1,688,098
2.001,296 1,745,191 3,861.550 3,314,228
August
481,837
230,701
435,483
258,561
August
2d wk Oct 129,520 123,271 1,918,322 1.810,622
13,506
33,820
27,120
17,357
August....
30.822
101,638
58,994
45,878
August....
20,271
10,058
18,640
9,969
August
26,172
63,734
51,621
29,411
August
381,286
219,630
190,682 118,673
August
32,652
Aui^ust....
Aus:a-t...< 1,352,460 1,247.522
10,797
12,042
AujK'ust
—
.
.
.
2dwk
Oct 348,800 373,500 5.431,394
67,564
163,517
79,686
Det & iMackiuau. August.
34,Z99
510.5y6
Detroit Southern. 2d wk Oct
34,310
52,449
885,644
DulSoSh&Atl.. 2d wk Oct
54,458
16,026
223,343
22,005
Eaat & W. of Ala. May
3,660,866
8,883.853
Erie
August.. 4,455,601
8,495
127,424
Evausv <& Indian 2d wk Oct
7,457
33,776
574,132
33.793
Evans Vik TH... 2d wk Ooi
2,857
5,786
F'rchild&N'r'e'i; Augnat
3,057
7,537
6,067
Fariuv & Powhai July
6,067
522,055
FtW&l>envCiti August
259,118 219,475
354,857
Georgia KR
173,248 164,426
August
399,105
Ga South <& Fla September 121,124 112,b92
25,516
61,562
GUa Val G & N August...
31,378
Gr Trunk System 2d wk Oct 726,071 650,693 11,081,841
GrTr. West'n Ist wk Oct 124.27i 101,128 l,4yi,>^09
25,768
DetGrH&M.. 1st wk Oct
388,374
29,841
Great Northern. September l,017,6:i:l 3,954,250 11.018,185
158.472
558,460
Montana Gent') September 181,523
Total system September 4.199.144 4,112,722 11.576,645
39,567
506.057
Gulf&ShipIsland 1st wk Oct
41,071
Hocking Vadey.. 2d wk Oct 116,626 112,682 1,952,622
Hous & Tex Cent August...
836,411
442,816 402.146
67,434
W.Texas August...
124,438
60,261
29,512
HouB&Shrevep't August ..
19,366
14,158
Illinois Central.. September 3,830,602 3,734,456 11,623,907
Illinois Southern September
13.013
44,045
16,022
IndlU&Iowa... August
234,892
116,668 12y,815
Int & Gt North'n 2dwk Oct 132,702 142,443 1,614,595
llnteroc(Mex)... Wk Oct 3 104,100 104.210 1,391,000
Iowa Central
55,049
699,591
2d wk Oct
47,387
Kanawha <fe Midi 2d wk Oct
18,512
484,924
29,623
Kan City South'n 2d wk Sept 128,062 112,429 1,290,280
LakeErie&Westn September 487,770 433,670 1,443,617
Lehigh Val RR. August
2,754,704 1,448,817 5,483,935
Lexing <& £ast'u. August
124,776
64,234
48,784
XiOng Island
August
Inc. 32 ,499
Inc. 157
La & Arkansaa .. August
40,620
54,367
108,869
Lou Hend <fe St L. July
72.303
68,815
72,303
Louisv & Nashv. 2d wk Oct 726.210 674,470 10,596,981
Macon <& Birm... September
15,700
31.792
9,9181
•,
H&E
Wei-.ic
year
872.829
56,96';
43,073
747,649
Ala Gt Southpni 2d wk Oct
AlH N O & rexai- I'aoiilc.
603,626
19!),212
177,118
524.808
N O No Kast. September
87,327
271,254
239,695
99,682
Alrt* Vk-ksbV September
99.779
319.040
277.432
Vloksb Sh A V. September 116,692
i nc. 218,922
Inc. 116.099
Allegheny Valley AUKUSC ...
600,954
32,542
33,404
506.715
•_'d wk
Oct
Ann Arbor
5,591.733 4,858,285 10,981,326 9,454.993
AtohTop&S Fe. Auuust
2-1,3-1-1
35,450
18,480
31,414
AtlaDta&Birm.. Aiiffuat
260,262
260.262 268,941
268,941
Atlanta Jt Cliar.. July
195,800
53,851
178,958
63,562
All Knoxv <.V Ni). Sepetmber
Atlantic <fc Blnu
All Coast Lino...
Bait ite Ann S L..
Bait & OUlo
Total System..
Baufior A: Aroor»l
Batlu^-Haiu'dsp't
Bellefoute Ceui'l
Brnisrt & 8aco K.
Bull Rooli&fiit!Bullalo ASusq...
Canadian North.
iMtcst Oro.i.i
Dale
5,362,578
133,031
435,419
878,070
171,161
6,849.694
120,735
523.581
5,807
7,537
454,015
320,921
354,860
49,905
9,482,033
1,237,520
345,224
10,748,671
502,171
11,250,842
442,770
1,820,207
or
Man'tee&Cir.Rap
Mauls <fe No Ka.st
Manlstuiuo
Maryl'd & Penu.
tMexloanCont'l.t
i
t
Mexican Intern.
Mexican Ry
JMexicanSouth'u
Mlllon
So'w'u.
<t
Mineral Range..
Minneap A St L.
S StM.
M8t
P&
Mo Kan
Texas
<fe
.MoPao&IronMt
Central Branch
Total
Mob Jack & K
Mobile*
C.
Ohio...
NashCh AHtL..
tNafI RRof Mex
Nev-Cal-Oregon
Nevada Central..
N Y C & Hud Riv
N Y Out & West.
S Y Susq & West
Norfolk & West'n
Northern Central
North'n Pacllio..
Nor Shore (Cal)..
Ohio Rlv& West.
Pacific Coast Co.
ePenn— EastP&K
eWestPcfc
E....
Pere Marquette w
PhilaBalt&W'sh
Phlla & Erie
Pine Blf Ark
R
Pittsb
St L
C&
.
Raleigh & Fear
Reading Railway
Coal Air Co....
Total Both Cos.
Blcli Fr'ksb & P
Rio Grande Jet..
Rio Grande So...
Rock Isl'dSyst'm
.
Rutland
St
St
St
Jos&GrI
L & San Fran
L Southwest
<i
.
StLVan&TH..
San Ant & A P...
San Fran &NP..
Seaboard Air L..
Southern Ind
So Pacitio Co 6...
Central Pactlic.
Gal Har & S A.
Gal Hous
<fe
GulfWTA
No
P..
Louis'a West...
Morgan's
L&T
NY T&Mex
..
Oregon & Calif.
So Pac Coast....
SoPao RRCo..
Tex&NOrl
Southern Rallw'v
TerreH &Ind...
741,200 Terre H & Peor..
123,297 Texas Central ...
35,577 Texas & Pacihc.
10,483,695 Tex S V & N
39,185 TtftTliom&Gulf.
261,707 Tol & Ohio Cent
W
P&
1.508,142 Tol
West
1,314,870 TolStL&
W
.
....
719.755 Tor Ham &Butt.
216,864 Un Pac proper. .
1,209,312 Un Pac System
1,230,455 Va & Southwest..
2,696,600 Wabash
97,091
Jersey & Sea'e
.
W
,851
Wheel
& LE
77,739 Wm'sport&N.Br.
68,815 Wisconsin Cent..
9,735,617 Wrights v& T'n..
37,200 Yazoo & Miss. V.
Month
Kamintjx
liny
1
to
VurreiU
Year
Jt^evioui
Year
Cvrreiu
i ear
*
*
*
9,786
10,090
18.661
34,094
31.235
63.399
August
25,36()
7,950
8,638
September
32,536
31,494
93,36
Sopt'Muber
516,718 432,218 7,078,139
:d wk Oct
536,801 533,803 1,079,689
August
Wk Oct 3 103.000 103,300 1,389,500
251,669
25,177
25,768
4thwkSept
3,953
7,711
3,81
August
11.068
10,77y
166,958
2dwk Oct
908,133
72,062
81,339
2d wk Oct
2d wk Oct 170,218 172.935 2,173,'239
409,6'20
5,180,00s
413.621
2d wk Oct
2d wk Oct 819,000 763,000 12,782,480
521,000
37,000
20,000
2d wk Oct
2d wk Oct 856.000 783,000 13,303,480
104,389
7,812
4,363
Wk Oct 10
2d wk Oct 135,007 123,690 2,103,013
2dwk Oct 191,512 184.836 2,852,444
2d wk Oct 158,836 143,526 3,058,851
20,482
24,144
57,177
September
7
3,833
3,947
6. '25
August
September 7,056,151 6,701,579 20,998,245
680,890 408,215 1,364,087
August
218,104 134,342
482,820
August
428.131
365, 6ob 6,556,817
2d wk Oct
919,036
681,836
1,842,05
August
September 4.564,385 4,632,580 12,891,761
63,464
136.156
56,020
August....
20,228
17,921
37.813
August
567,353 505.249 1.127.716
Aui<ust
11041290 10106990 22,036.693
August
Inc. 72 3.200
J tic. 1.26
August....
2d wk Oct 230,971 210,856 3,581,381
1,195,127 1,151,027 2,341,905
August
780,104 520,'223 1,556,426
August....
2,211
2,257
4,902
August
September 2,232,723 2,073,503 6,619,318
5,116
10,155
August
3,072,882 l,992",i9.5 6,204,301
August
2,850,949 242,313 5,876,547
August
5,923,831 2,234,508 12,080,848
August
82,'J53
107,442
231,700
August
53,973
49,496
104,930
Augnst
8,116
13,70
151,197
2d wk Oct
4,413,261 3,879,676 8,351,042
August
48,932
47,439
150,173
3d wk July
119,268 103,804
234,140
August
3,197,93'. 2,596,217 6,083,159
August
2dwk Oct 163,619 159,419 2,096,513
630,861
September 216,73" 196,320
230,965 247,620 2,141,276
April
135,532
128,438
423,880
September
2d wk Oct 248,204 259,242 3,590,010
71,903
312,464
September 109,167
August... 6 7,386,145 6,443.488 14,631,674
2,054,808 1,853,768 4,033,865
August
August... 526,853 507,660 1,102,048
134.976
71,742
252,074
August
12,891
18,730
26,546
August....
148,584 165,787
29y.788
August....
351,976 334,704
690,336
August
40,'245
32,002
68,574
August
361,575 328,239
725.204
August
118,530
98,559
232,453
August
iugust... 2,806,317 2,290,169 5,490,342
310,251 262,004
August;
634,030
2d wk Ool 919,714 865, 6o'. 12,977,157
551,728
September 192,407 161,667
62,055
53,318
182,082
Sep. ember
17,367
16,945
2d wk Oct
177,508
2d wk Oct 229,856 245,926 3.035,213
10,700
August
11,800
20,800
15, '279
August
16,651
33,815
71,874
59,101 1,172,525
2d wk Oct
24,794
32,08y
384,645
2d wk Oct
62.936
956,092
2d wk Oct
55,386
153,785
4thv;kSept
14,648
11,313
2d wk Sept 739,919 635,724 6,917,563
4,534,682 4,254,693 9,122,840
August
188,185
69,242
47,767
September
2d wk Oct 498,760 425,819 7,362,284
August
744,750 694,350 1,326,831
87,714
73,857 1,417,386
2d wk Oct.
37,284
19,676
18,264
August
3d wk Oct. 142,500 141,506 2,246.250
12,'271
'A'2,(i68
11,203
August
September 573.197 568,167 1,637,980
August....
Latest Pate
Frevtoiu
Year
*
18,608
56,887
33,116
81,816
5,724,308
1.061,573
1.338,100
233,240
7,702
158,340
1,132,601
2.206,808
5,135,285
10,770,326
342,000
11,112,3'26
60.554
1,969,249
2,572,520
2,576.916
54.466
6,588
19,475,664
746,060
263,715
5,682,206
1,310,251
12,352,228
122,606
32,679
1,051,988
19,878,493
6,300
3,269,083
2,203,505
1,038,264
4,428
5,853,287
3',9i3,376
498,510
4,411,880
184,699
102,029
179,216.
7,508,014
138,739
186,143
4,968,429
2,023,452
581,308
2,172,830
376,751
3,521,647
203,559
12,919,667
3,793,438
1,010,687
100,696
32,218
341,686
718,863
73,209
662,205
201,516
4,555,171
528,212
12,134,135
459,114
151,502
163,000
2,903,968
18.700
30,385
903,516
347,702
866,876
107,399
6,237,408
8,395,550
152,277
6,322,255
1,212,231
1,197.375
35,623
2,130,285
22,998
1,514.444
VARIOUS FISCAL YEAKS.
ROADS
Gross Earnings
Allegheny Valley
Atlanta <fe Charl Air Line.
Belief onte Central
Canadian N orthern.
Jan. 1 to Aug. 31
Apr. 1 to July 31
Jan. 1 to Sept. 30
Jan. 1 to Sept. 30
Chicago & North Western. June 1 to Sept.
Chic St P Minn & Omaha. Jan. 1 to Aug.
Cumberland VaUey
Jan. 1 to Aug.
International & Gt North'n Jan- 1 to Oct.
Lake Erie
& Western
Manistee & North Eastern
Manistique
Maryland & Pennsylvania
Missouri Pacific
Central Branch
Total
IMexican Central
t
Mexican International
.
Jan. 1 to Sept.
Jan. 1 to Aug.
Jan. 1 to Sept.
Mar. 1 to Aug.
Jan.
Jan.
Jan.
Jau.
Jan.
1 to
1 to
1 to
1 to
1 to
Oct.
Oct.
Oct
Oct.
30
31
31
14
30
31
30
31
14
14
14
14
Aug. 31
CMrrent Year Previous Year
Inc.
$1,023,865
55,083
1,956,725
1119.540,208
7,564,566
1,266,190
4,151,731
3,891,362
252,973
55,047
195,986
32,312,961
1,114.000
33,426,901
19,624,445
4,800.237
HO ADS
Gross Earnings
$585,744 IMexican RaUway
945,079 tMexican Southern
43,186 tNational RR of Mexico...
1,137,811 Northern Central
16,737,510 N orth Shore
7,320,076 ePennsy., East of P & E...
777,504
eWestotP&E
3,779.413 Pere Marquette
w
3,469,222 Phila Baltimore & Wash..
229,123 Philadelphia & Erie
84,371 Pitts Cin Chic & St Louis..
171,865 Rio Grande Junction
27,508,577 St L Vandalia & Terre H
812,000 Terre Haute & Indianap
28,320,577 Terre Haute & Peoria
15,969,978 Texas & Pacific
4,172.287 West Jersey & Seashore.
.
.
.
3
1 to Oct
1 to Sept 30
1 to Oct 14
1 to Aug. 31
1 to Aug. 31
1 to Aug. 31
Current Year Previous Year
Aug. 31
Inc.
1 to Oct 14
Nov. 1 to Aug. 31
Jan. 1 to Aug. 31
Jan. 1 to Sept 30
Dec. 1 to Aug. 31
Nov. 1 to Sept 30
Nov. 1 to Sept 30
Nov. 1 to Sept. 30
8,964,061
$3,812,600
489,234
6,863,849
5,402,845
315.971
73,298.369
4.481,100
8.198,683
11,076,278
5,164,430
18,500.164
421,613
2,218.820
1,814,852
583,678
8,620,743
3.051,683
4,056,685
16,692.661
410.515
2,000,419
1,590,486
505,517
8,122,341
2,789.y^3
Jan.
Apr.
Jan.
Jan.
Mar.
Jan.
Jan.
Jau.
1 to
Jan. 1 to Oct 14
Jan. 1 to Aug. 31
$4,131,000
504,705
8,806,232
6,882,245
379,159
82,191,969
9,999,'27S
'Results on Monterey <sb Mexican Gulf are Included from March i. lk)02.
trans-Missouri iiuea
If Includes
: Mexican currency.
1903, making lengiu of road on which earnings are reported 7,357 In 1903, againsC 5.876 miles in 190'2.
6 Does not include the
Moust & Tex. Cent and its subsid. lines either this year or last.
(/Includes the Chicago <te Eastern
e Covers lines directly operated.
jiiinois in both years.
t Inclurting Sav. Flor. & West, and also Florida
vj InSouthern and Sanford & 8t Petersburg Rys. in both years.
ciuaes Lake Erie & Det Riv. Ry. from Jan. 1 both rears.
* Approximate for June.
« Includes earuines of Valley KR. of Va., Ohio <&
Adtue Kanawha, Clev. Term. & Va'., Clev. Lor. & WheeUng, Ravenswood Spencer «& Q. and Ripley & Mill Creek, not wholly owutd, but
controlled and operated by the B. & o
m
I
THE CHRONICLE.
1284
Latest t}ro88 Earninirs by Weeks.— In the table which
follows we sum up separat-ely the earnings for the second
week of October. The table covers 49 roads and shows
6 '98 per cent Increase In the aggregate over the same week
last year.
2d
v>t€k of Oetoker.
1908.
1902.
1
Deertase.
Jnerta$e.
1
Gt. Sonthem ..
Art>or ......... ....
Plttab'^t.
Baffalo Roob.
Oanadlan Paoltlo... ....
Central o( O«orif1a
56.967
33,404
159,488
1,026.000
Ohattanoo^a HoQthem.
Cailo. Great Weetem
OMc. iDd'plli" A LoolBV..
CMC Term. Transfer....
can. N. O. & Texa« Pao..
1.135
1
Alabama
Ann
A
&
Sontliem.
Rio Granae *
Detroit Soatliem
Dulnth 80. Shore 4 At...
Eranevllle cV Indlanap..
Brans, A TeiT<« Haur«. ..
Sr'nd Tmnk of Canada i
Grand Trnnk W*«t.. >
Oenyer
A
Det.Gr.Hav.4Mllw.5
Hooking Valley
latematlonal
Gt.No..
<fe
Iowa central
Kanawba A
1
166.811
116,18?
32.782
120.603
129,^20
348,SO0
34.310
64.458
7,457
83,793
954.000
1
aehv. Chat. A
St. tx)al8.
National BR. of Mexico.
Norfolk 4 Western
......
Pere Marquettet
Bio Grande Sonthem
St. Louis Sonth western.
Beaboard Air Line
. .
Bonthem Kaliwav ....^
Texas Central...
rexas 4 Paotno
Toledo & Ohio Central..
Toledo Peoria 4 West'n
ToL 8t.L.4 West
Wabash
„.
Wheeling 4 Lake Erie. .
WlBOonsln Central
Total (49 roads)
(6
98
I
35.68!:
19.592
6,249
i
373,500
'
2,901
1
101.011
123,271
••••
-
3,944
428.131
230,971
8,116
163,619
248.204
919,714
17.367
229,856
71.874
24.794
62.936
498.760
87,714
133,500
9,966,205
9,315,939
1.^8.836
p. o.)
t
v.^.
24.700
-
112.682
142,443
65,049
18,512
674.470
432,218
10.775
81.339
172.935
409,620
763.000
20.000
4.363
123,690
184.836
143.526
365.688
210.856
13.702
159,419
259,242
865.682
18.946
245,926
59,101
32.089
5&.386
425.819
73,857
132,494
InoladeB Rto Grande Western,
961
10,922
16,924
116.626
132,702
11.068
72,062
170,218
413,621
81«,000
37.000
7,818
136.007
191,512
•«•
..
75,378
516.71{<
Central Branoh.
16.910
1
155.889
99.264
'
650.693
Mineral Ran»te
Mlnneapolla & St. Louis
Minn. St. P. A S. Ste. M.
Mob. Jaokson & K. Clt^t
Mobile 4 Ohio
'
190,5,5C
2.09t
1,038
17
11,111
51,740
84,600
298
9,277
2,717
4,001
sa.ouo
17.000
3.449
11,317
6,676
15,310
62,443
20,115
5,586
• ••->-••
4,200
11,038
54,032
422
16,070
12,773
7,295
7.560
72.941
13,857
1006
749,252
650.266
98.986
&
Detroit
RJ-ver By. for both yearn.
IT
For the first week of October our final statement covers
52 roads, and shows 8*09 per cent Increase in the aggregate
over the same week last year.
Prevloiuly rep'd (48^06)
Dalnth So. Shore 4 Atl..
mterooeanio (Mex.).^..
Mexican Railway
Seaboard Air Line
Total (62 roads)
Net increase 8 09 p
H
Week ending
1908.
S
9.508,453
55,44
104,100
108,000
279,379
10.060,373
Bangor 4Aroo8t'kbAag.
July
1
to Aug. 31
Bath 4 Hamm'ds.bAug.
July 1 to Aug. 31
Belief onte Cen tr' I bSept
Jan. 1 to Sept 30
4 Saoo R.b.Aug.
July 1 to Aug. 81....
Butt. R. 4Plttb8.b.Aug.
July 1 to Aug. 81....
Baflalo4 8'sqneh.aAug.
July 1 to Aug. 8i
Canadian Northern.Aug.
July 1 to Aug. 31
Canadian Paotno.a.Aug.
July 1 to Aug, 31..-.
Cane Belt
Aug.
July 1 to Aug. 31
Oent. of Georgia, a Aug.
July 1 to Aug. 31....
Central New Eng b.—
.
Sept 30....
Jan. 1 to Sept 30
Oent.of N.Jerseva.Sept
Jtdy 1 to Sept bO....
Central Paolflo.b..Aug.
July 1 to Aug. 81
Ohatt'n'ga Sonth.aAug,
.Tuly 1 to Aug. 31
Chtsap. 4 Ohlo.b. .Aug.
July 1 to Aug. 31
Chicago 4 Alton. a.Aug.
July 1 to Aug. 31
^!hlc.Gt. West'n. b Aug.
July 1 to Aug. 3i
Chlo. Ind.4LoulB. a.Aug.
July 1 to Aug. 31
Ohio.
M. 4St.P.a..Aug.
July Ito Aug. 8 1
Chlo. Ter.Transf.b, Aug.
July 1 to Aug. 31
Oln. N. 0. 4 T. P.a.Ang.
July 1 to Aug. 31..-.
01.Wn.Ohlo.48t.L.aAuK.
July 1 to Aug. 3 1
Peorla4EaB'n.a. Aug.
July 1 to Aug. 31
Oolor'do 4Sonth.b.Aag.
July 1 to Aug. 31.--.
Oolnm.Newb.4 L.b.Aug.
July 1 to Aug. 31...
Copper Range a ...Aug.
July 1 to Aug. 31
Figures are for week ending Oct. 10.
\8t VBtik of October.
Roads.
.Tuly 1 to
9,741
7,662
Inolades Lake £rle
— Gross Earnings. —
Brldgt
1
404
72.0O0
726.071
liOalBTliie &. Nashville..
Mo. Kansas & Texas
Mo. Paoltic & Iron Mt....
1
>
13,29*
86!
34.299
52.449
8,495
83,776
Mexican Central
*
1.^9.084
47,3 S7
MiotURan..
'
11
2,008
29.623
726.210
Net increase
32 64J
207,4t;0
.
Oolorado
43.673
1
9
[Vol. lxxvii.
1902.
S
8 ~ 16.430
53.344
104,210
103,300
290,166
9.297,460
o.K.
Inertatt.
$
826,568
2,097
Decreoise.
S
64,545
*"i"i6
300
10.787
828,665
752.923
78,742
Got. 8.
.
Oomwall.a
Aug.
July Ito Aug. 3i
Cornwall 4 Leban.. Aug.
July 1 to Aug. 31
Oumoerland Val.b.Aug.
Jan. 1 to Aug. 31.--.
fDe .4RloG'de.b.Aug.
July Ito Aug. 31..,.
Detroit 4 Mack'o.aAtig.
July 1 to Aug. 31....
Detroit 8outhern.il. Aug.
July Ito Aug. 31....
Dul. So. Sh.4 Atl. b. Aug.
July 1 to Aug. 31
Aug.
Grle.a
July 1 to Aug. 3i....
Falrohlld4 N. East Aug.
JtLly 1 to Aug. 81....
Farmv.4 Powh't'n a July
rt.W.4 Den, City. bAug.
July 1 to Aug. 31
Net Earnings Monthly to Latest Dates.—The followirg
shows the gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilaciou
Includes every road from which we can get returns of this
character, and in that form is given once a month. Eiirly Genesee 4 Wyomlng.b.—
July 1 to Sept 3t
returns are published from week to week, as soon as issned,
Jan. 1 to Sept 30,...
but for the convenience of our readers all the roads making
Aug.
Georgia RR.a.
returns are brought together here in the week in which we
July 1 to Aug. 31
publish our monthly article on net earnings— say about the Ga. Hnnth. 4 Fla. a.Aug.
20th of the month.
July 1 to Aug. 31
—
—
—
—
Jtoada.
Alabama Ot.S'th.a. Aug.
Current
Previous
Tear,
Year.
$
268,522
227,431
502,371
429,862
Inc. 116,099
Inc. 585,744
159,352
190,498
298,889
362,679
July 1 to Aag. 31
Allegheny Valley... Aug.
Jan. 1 to Aug. Si
Ann ArhOT.b
Ang.
July 1 to Aug. 3i....
AtOh.T.4B. Fe.b Aug. 5,694,738 4,858,285
July Ito Aug. 81.... 10,981,326 9.464,993
18.480
24,344
Atlanta 4 Krm. a.. Aug.
34,414
45,460
July 1 to Aug. 31....
268,941
260,262
Atl'ta4Cbar.A.L.aJaly
62,488
63,510
Ati. Knox. 4 No.a.Ang.
120,107
132,218
July 1 to Aug. 31....
32,662
ttantlc4Blnn'gh.Aag.
62.879
July 1 to Aug. 31....
aAtlantlcC'et L.a.Ang. 1.352.460 1,247,523
July Ito Aug. 81.... 2,762,577 2,662,374
Baltimore 4 Annapells
10,797
12,042
Aug.
Short Llne.a
21,879
28,257
July 1 to Aug. 31....
Bait. 4 Ohlo.b... Sept 6.025,195 5,430,434
July 1 to Sept 3u. ...17,576,560 16,15b,816
Baltimore & OhioTotal system z.. Sept 0,450,907 6,871,002
July Ito Sept bO.... 19,28 1,806 17,434,370
—
Net Earnings.
Current
Previous
Year
Year.
.
65,894
61.053
121,152
111,101
Inc. 42,199
Inc. 121,068
95,680
58,479
109,185
102,738
12.161.702 fl,7}iO,l30
U,H4,938 t3,46e,4a5
9.578
17.830
79,090
22,436
41,664
11,210
24,023
299,780
742.499
4,685
X\.fiii
84,909
19,289
84,356
226,569
717,336
2,140
3,031
6,613
9,739
2,408.438 2,130,709
7,168,764 6,383,016
2,547,738
7,612,686
2,307,840
6,741,148
Previous
Tear.
Year.
Kel Earnings.
Current
Previous
.
—
.
—
.
Year.
Year.
$
$
$
166,368
328,974
3,240
6.022
6.422
55,083
4.171
9,226
752.274
1,469,659
76.722
157,226
250.800
605,600
4.076.154
8.073,498
18.284
25,278
685,687
1,400,662
141,306
6H,858
47,624
261,680
117,686
90,621
3,084
1,340
1,614
6,490
2,462
2,097
6,421
2,955
1,993
43,186
22.764
15,847
4,949
1,807
2,206
9,190
4,435
8,565
642,063
381,188
296,464
1,264,150
741,261
573,858
75.104
24.969
30,608
142.046
41,614
53,262
130.900
81,700
50,200
263.200
170,900
101,600
3,554.184 1,434,103 1,362.901
6,800,804 2,752,680 2.638,613
20,356 def.7,461
9,284
34,177 def. 14,734
13,869
682,150
86.238
163,371
1,360,021
204,784
363,995
214,762
873,521
1,770,853
5.640,700
2,054,808
4,033,865
10,841
20,580
1,645,291
3,216,666
1,047,166
2,000,073
730,741
1.411,423
492,508
974,621
4,178,541
8,387,604
141,296
281,817
542,628
1.177,516
2,001.296
3,861,560
258,561
481,837
553,719
1,094,447
17.357
83,820
45,878
101,638
9,969
20,371
29.411
63,734
190,682
1,266.090
1,609,202
3,128,594
79,686
163,517
168,277
292,012
268,980
534,219
4,455,601
8,883,853
3,057
5,786
6,067
259,118
522,055
40,169
100,704
178,248
354,857
133,473
277,981
31,378
61,662
149,452
419,110
58,180
28.169
144,680
95,698
749.880
252,869
2,618,303 1.009,337
788.291
774i821
1,568,112 1,613,569
2.348
2,624
2,721
3,446
600,574
364,799
1,203,874
666,139
355,868
834,755
702,027
642,716
222,129
203,567
385,673
303.111
210.771
192,983
409,113
351,439
1,453,144 1,512,663
3,0<^4,926 2,893,698
58,758
60.970
118,755
122,237
127,661
127.263
265,089
250,938
522,661
394,772
985,205
762,448
65,135
61,091
104,467
108,843
d1 51,066 dl31,876
1.106,454
3,577,740
1,853,768
8,793,438
11,251
22,473
1,167,084
2,203,736
890,286
1,696,760
653,789
1,202,582
443,107
849,616
3,964,073
7,625,466
146,871
284,003
603,477
976,556
1,745,191
8,314,228
230.701
485,488
527,941
1,042,141 d334,020 d247,306
13,506
6,051
3.782
27,120
13,024
7,122
30,822
32,599
16,855
5a,994
54,674
30,929
10,058
4,635
2,069
18,646
8,982
8,968
28,172
16,401
13,423
51,621
36,026
24,334
118.673
52,678
31.828
777,504
250,370
363,877
1,570.494
627,021
656,697
3,037,278 1,222,235 1,366,605
67,564
26,662
22,633
133,031
51,860
42.817
133.079
37,016
41,067
244,997
71,504
54,974
263.443
113,316
114,407
630,660
212,598
229,948
3,660,866 1,494,311 1,269.370
6,b49,694 3,117,891 2,186,652
2.857
def.339
217
89
5,807
1,696
def.498
7,537
238
219.475
90,889
67,932
464,015
199,437
121,796
38,384
27,888
28,478
96,777
68,473
69,702
164,426
.
32,666
47,638
820,921
q72,244
q9 0,993
30,048
126,683
85,411
241,968
64,444
68,047
25,616
18,815
16,861
GUaVal.Globe4N,aAug.
36.237
49,905
29,738
July Ito Aug. 31
854,557
783,506
Or. Trunk of Can... Aug. 2,659.542 2,238,590
July 1 to Aug. 31.... 5,306,918 4,368,170 1,652,663 1,488,176
374,720
6,813
19,466
419,492
Or. Trunk West. . Aug.
58,398
788,248
866,750
57,426
July 1 to Aug. 31.-..
102,197
121.176
42,825
34,066
Det.Gr, H. 4 Mil. Aug.
197,580
68,131
219,479
61,806
July 1 to Aug. 3i....
180,244
59,986
45,469
151,872
Gulf 4 Ship Isl. ..a, July
552,074
339,432
584,167
225,673
.a..Aug.
Valley
aooklng
465,846
433,436
1,153,555 1,077,242
July 1 to Aug. 31
402,146
443,816
78,011
142,329
Honst.4 Tex.Oeii.bAug.
741.200
121,227
836,411
323,468
.
July 1 to Aug. 31
67,434 def.3,284
60,261
1,810
Houst.E.4W.T.b...Aug.
124,438
128,297
3.813 def.2,187
July Ito Aug. 81.-19,366
14,158
3,485
6,840
Hon8t.4 Shreve.b. Aug.
29,512
35,577
8.526
8,629
July 1 to Aug. 3i
888,719
719,346
min 01 s Central. . . a. Aug. 3,971,102 3,400,469
July 1 to Aug. 31.... 7,793,805 6,749.239 1,721,884 1,452,968
129,815
116,668
18,960
81,436
tnd. 111. 4 lowa.a.. Aug,
234892
261,707
81,282
62,267
July 1 to Aug. 81...
203,616
201,518
r38,443
rd2,883
Iowa Central. a... Aug.
897,374
409,996
r64,908
r73,629
July 1 to Aug. 31
151,959
62,472
26,998 def.6,628
Kaaawha4 Mioh.a Aug.
42.369 def.11,748
291,163
121,899
July 1 to Aug. 31
526,576
610.048
113,017
185,661
(Kan. Olty South. a Aug.
1,04'>,303
992,811
231,266
249,867
July 1 to Aug. 31.
Lehigh Valley RR.— See detailed statement below.
.
— Gross Earnings. —
Current
4
Oct.
THE CHRONICLE.
24. 1903.]
—Current
Gross Earniugs. —
.,
,
year.
Eoads.
Lexln(r'n<bBaRr.b..Aa«.
July 1 to Aug. 3 1....
Look [aland b ...AukJuly 1 to Aug. 31
Xel Eantiiigx.
I'lfricu:!
Current
I'rtrioitt
Year.
Year.
Year.
$
.
.
.
Fenneyivania—
Lines directly operated
J Kant of Pltts.&E.Aug. 11,041,29010,106,990 3,961,662 3,842,462
J Jan. 1 to Aug. bl. ...82,191,969 73,298,369 25,210,566 25.120.056
WestofPltte.&E.Aug.
Inc.
723,200
Ino. 181,700
Ino. 4.481,100
Dec. 224,900
Jan. 1 to Aug. 31...
Pare Marqaette.a.. Sept 111.084,991
||992,122
||415,557
||294,179
Jan. 1 to Sept 30.. ..II 8,487,094 117,764,083 112,615,089 !ll.957,396
Philadelphia Co.— See statement on page 1238.
Phll.Balt.AWa8h.bAug. 1,195,127 1.151,027
391,728
449,126
11.076,278 9,999,278 8,044.119 8,174,019
Not. 1 to Aug. 3i
Phlla.AErle.b
Aug.
780,104
626,223
305,536
166,952
Jan. 1 to Aug. 31.... 5,164,430 4,056,685 1,670,349 1,368,275
2,211
966
Pine Blufl Ark. R... Aug.
2,257
lt44
4,902
Jmly ItO Aug. bl....
4,428
k296
1,652
629,476
PlttB,O.C.ASt.l..aSept 2,232,723 2,073,503
670,496
Jan- 1 to Sept 30. ...18,500,064 16,692,661 4,698,929 4,517,761
RalelghA3. F»<ar.a.Aug.
5,116
3,040
10.155
July 1 to Aug. 31.
6,080
Beading company—
Phlla.ARead'Kb.Aug.
3,072.882
July 1 to Aug. 31.... 6,204,801
Ooal&IronCo.b.Aug. 2,850,949
July 1 to Aug. 31.... 5,876,647
Total both Co.'s.bAug. 5,923,831
July 1 to Aug. 31.. ..12,080,848
Beading Co. b
Aug.
July 1 to Aug. 81
Total all Com p'B.b Aug
July 1 to Aug. Si
Kloh. Fred. APoi.. Aug.
107,442
July 1 to Aug. 31.-..
231,710
BID Grande Jnnot.. Aug.
53.973
421,613
Deo. 1 to Aug. 31....
BlOOrandeSoatu.bAug.
49,106
July 1 to Aug. 31.
97,822
Book Island Co.a.,. Aug. 4,413,261
July 1 to Aug. 31.... 8,351,042
8t. Jos.A Gd. lai.b.Aug.
119,268
July 1 to Aug. 31....
234,140
L..
A Ban tT. (Inolud.
A E. inib..Aug.
635,837
1,992,195 1.312.817
3,913,370 2,643,390 1,039,645
242,313
325,143 df.282.144
498,510
758,730 d£.540,911
253.693
2,234,508 1,637,960
498,734
4,411,880 8,402,120
116,500
115,395
235,402
285.426
1,753,356
370,196
734,136
8,687,546
34,719
15,544
82,258
44,283
71,610
184,699
fl4,849
ri6,192
49,496
fl23,155
1126,484
410,516
25,901
25,371
49,412
56,203
51.507
104,391
3,879,676 ml, 786 163 ml.TTl.SlT
7,508,014 m2,996,243 mS 197,428
21,8i5
35,509
103,804
44,298
54,071
186,143
3,197,932 2,696,217 1,283,489 1,0.'(3,643
July 1 to Aug. 31.... 6,083,159 4,968,429 2,324,105 1,933,993
Bt.L.OUlBiS'w«Bt.b. Aug.
588,490
101,266
529,503
180,098
July 1 to Aug. 31.... 1,142,027 1,056,371
3^5,421
221,978
BanAnt.AArau.l'.aApr.
280,965
53,962
247,620
29,007
3o...
July 1 to Apr.
578,474
2,141,276 2,172,830
446,940
55,0i6
San Fr. A N.Pac.a Sept
185,532
128,438
46,857
154,3H0
July 1 to Sept 3u
423,880
.
376,751
150.327
Seaboard Air Line aAug.
998,2:3
234,139
920,662
226,756
July 1 to Aug, 31.... 2,022,955 1,882.792
476. 5aO
469,9^9
Bonthern Indlana.bAug.
113,419
32,047
67.786
57,362
July 1 to Aug. 31....
213,390
132,814
112,440
63,424
Chlo,
1285
,
*
*
*
19,249
48,784
64,234
20.845
97,091
36.999
124,776
41,411
Deo. n6,34'J
Inc. 32,499
Inc. 19,624
Ino. 167,861
yl7.183
40,620
64,367
ylO,771
Loal8'n«& Arkan.aAut.
77.739
y2i.517
y29.692
108,869
July 1 to Aug. 3 1 ..
68,816
25,716
Lou. Hen. &8t. L.bJuly
72.303
24,755
841,970
IajuIsv. A Nashv.b.Aug. 3.017,939 2,771,892
826.416
July 1 to Aug. 31.... 6,042,171 5,481.136 1.730,579 1,630,973
11,630 def.1.948 def 2.226
10,819
Maoon A BlriulnKbAng.
21,874
21,500 de(.2,260 def.3,»31
July 1 to Aug. 31 ...
1.24t;
10.090
deM60
9,7!?6
lfUntf«t«eAOr.Rap Aug.
18,664
18,608 deM,818
July 1 to Aug. 31
8,920
34.094
31,235
18.942
•fanlBteeA No. E.a.Aug.
17,018
252.973
229,123
121,012
Jan. 1 to Aug. 31...
103,565
7.960
888
Sept.
8.638
ManUtlque.b
681
65,047
84,371
1,925
Jan. 1 to Sept 30
40,841
32,5.S6
31.494
12,178
•Maryland* Pen n.. Sept
11,412
195,986
171,865
64.422
Mar. 1 to Sept 30
61.174
478,389
491,085
c Mexican Ont.e.. Aug. 2,052,816 1.699,137
Jan. 1 to Aug. 31. ...16,601,963 18,491,609 3.969.563 4,022,738
536.801
633,803
215,888
c Hex. rnternat'l...Aug.
197,86;j
Jan. 1 to Aug. 31.... 4,800,237 4,172,287 1,879.298 l,592,71o
MUlenASouthw a..Aug.
3,953
3,812
1,284
1,277
7.711
7.702
2.670
July 1 to Aug. 31 ..
1,727
Mineral Ran ge.b... Aug.
50.068
44,291
10,714
9,031
98,571
93.197
July 1 to Aug. 31. ..
18.035
16,497
Mina.&Bt.LoilB.a.Aug.
265,053
307,023 vllS,194 t135,266
624,536 vl9i*,692 V267.468
July 1 to Aug. 3....
511,286
BLSt.P.&S. B.M.b.Aug.
603,660
679,969
302,932
263,979
July 1 to Aug. 3 1
1,193,292 1.172,248
869,566
639,786
Mo.Kan.ATexas.a.Aug. l,43!>,fS63 1.435,140
351,982
474,220
698,837
July 1 to Aug. 31... 2,766.665 2,706.700
748,796
Mo. Pac. System. b.. Aug. 4,020,330 3.313,722 1,474.977 1,179,621
Jan. 1 to Aug. 31. ...27.744,961 23,602,577 8,851,297 7,238,400
593,143
561,353
Mobile* Ohio a... Aug.
138,642
153,307
312,839
July 1 to Aug. 31.... 1,221.996 1,116,615
285,740
ii224,320 n245,822
BTaaH. Ch.A8t.l..b..Aug. n829,615 n735,608
July 1 to Aug. 31. ...111639,090 nl475,427 il471,169 n493,360
«Wat'lRR.of Mex..Ang.
939,818
790.030
263,080
315,459
Jan. 1 to Aug. 31.... 7,722,526 5,876,780 2,629,463 1,976,161
HeT.-Cal.-Oregon.a-Aug.
18,765
15,233
8,676
6,088
July 1 to Aug. 31....
30.322
S6.695
16,740
12,589
Wevada Central... .Aug.
3,833
3,947
1,377
990
July 1 to Aug. 31
6.725
6.888
1,697
1.611
680,890
408,215
283,838
H. Y. Ont. A Weftt.aAug.
88,860
746,060
482.228
July 1 to Aug. 31
1,364,087
126,826
218,104
134.342
H.T.SUB. AWesc.a Aug.
81,850
39.163
July 1 to Aug. 31....
482,820
263,715
201,879
78,045
Norf olkA West'n.a Aug. 1,927,290 1,713,404
769.552
713,771
July 1 to Aug. 31.... 3,870,814 8,276,241 1,849,784 1,347.03:5
Horthern Central. bAug.
919,038
681,836
234,5 "'6
205.176
6,882,245 5,402,8*5 1,577,592 1,499,492
Jan. ItoAug. 3i
63,464
North Shore (0»l.)bAug.
56,020
28,318
25,S'
Mar. 1 to Aug. 31....
815,971
379,159
178,560
141,158
Ohio River A West. Aug.
20,228
17,921
3,920
5,371
July 1 to Aug. 31....
37,813
32,679
9,138
8,351
Faoiflc Ooast Company -See MiBceUaneoas Companlee.
St.
1
/
drosn Eanihii/s. —
—Current
,
\e(ir.
^
\rl i:a
J 're villus
Current
J'rei'ions
Year.
Year.
Year.
lioads.
*
*
*
*
7,8«6,145 6,443.488 2,166,657 2,081,158
1 Bonthern Pao.H.. Aug.
July 1 to Aug. 31 -- 14,631,674 12,919.667 4,197,989 4,263,696
Central Pacific b.Aug. 2.054.808 l,8?i3,768
788,291
774,821
July Ito Aug. 81.... 4,033,866 3,793,438 1,558,112 1,813,669
628,8,'i3
Oal.Har.A8'> A.bAng.
507,660 df. 11 2,998
77,312
July 1 to Aug. 3i..., 1,102,048 1.010,687 dtl47.154
135,262
134,976
Oal. Hous.A No. b.Aug.
71,742
61.
2
24,398
282,074
July 1 to Aug. 31.
100,696
78.883
27,630
12.891
Gulf W.T.APao.bAug.
18,780 def.4,915
6.834
26,646
July 1 to Aug. 31....
32,218 def.5,842
9,491
LoniRlanaWesr.b Aug.
148,684
165,787
4,492
72,966
299,788
341,686
July 1 to Aug. 3t...
40,263
159,208
MVn'aLa.ATex.bAug.
351,976
334,704
89,180
137.269
690,388
718,86i
179,046
July 1 to Aug. 81...
246.281
82,062
40,245
1,830
N Y. Tex. & .Mb. Aug.
20,830
68,574
73,209
1,138
July 1 to Aug. 31
86,842
861,575
328,239
124.438
Oregon A Oallf.b.Aug.
95.284
725,804
662,205
267,022
211.495
July Ito Aug. 31...,
118,530
98.559
50.354
8o. Pae. CoaHt.. b.Aug.
6,887
232,453
201,618
80,034
July 1 to Aug. 31...
32,036
p3o.Pao.RB. <H» bAug. 2,806,317 2,290,169 1,164,635
882,894
5,490.342 4.555.171 2,210,286 1,886,508
July 1 to Aug. 1
310,251
262,004
55,935
Texan & N. Orl. b.Aug.
64,288
634,080
528,212
116,122
126,044
July 1 to Aug. 31 ...
Southern Rail way Syst —
Southern Kallw a Aug 3,748.312 3,498,258 1,168,691 1,056,587
July 1 to Aug. al.... 7,334,378 6,789,672 2,069,938 1,847,540
593,148
661,353
Mobile & Ohio. a. .Aug.
138,642
163,307
312,839
285,740
July 1 to Aug. 31.... 1,221,996 1.116,615
542,628
803,477
127,661
Cin.N. O AT P.a.Aug.
127,263
1,177,518
976,656
266,089
July 1 to Aug. 3 1
260,938
258,522
227.421
65,894
Ala. Gt. South a.. Aug.
61,053
802,371
429.862
121.152
July 1 to Aug. 3 1...,
111,101
133,473
126,583
Oa. Houth.AF.a.aAug.
30,048
36,411
277,981
241,963
64,444
July 1 to Aug. 31 ..
68,047
43,088
37,869
8,117
Texas Central, a... Aug.
2,897
77,231
63.436 def,5.174
def.942
July 1 to Aug. 31
16,651
16.279
8.255
Tift. Thomasv. A G.Aug.
7,087
33,815
30,335
15,739
July 1 to Aug. 3i
14,062
358,459
262,962
98,613
Toledo A O. Cent.a.Aug.
45.567
688.304
836,841
198,752
July 1 to Apr. 3
119,559
113,607
105,872
Tol.Peorla&WeBr.bSept
27,512
29,587
~
1
336,793
293,434
"to Sept 30....
83,369
July
70,161
Union Pao.8y8t'm.a Aug. ff4634,682g4,254,693 gl,989,005e:2,082,817
July 1 to Aug. 8i-...g9122,840g8,395,550g4,064.442g4,l74,440
68,023
9,423
61,838
Virginia & South W.Aug.
21,656
118,943
104,510
30,729
July Ito Aug. 31....
43,367
Aug. 2,121,424 1,903,704
671,232
Wabash. b
633,897
July Ito Aug. 31.... 4,121,580 3,625,236 1,261,50;S 1,108,718
744,750
694,350
366,161
W.Jersey A Seash.b Aug.
353,981
3,051,683 2,789,983
849,456
Jan. 1 to Aug. 31
844.065
413,524
351.221
Wheel. AL. Erie b. Sept
140,791
78.866
1,241,395 1.048,160
389,088
July 1 to Sept 30
239.947
19,020
15,947
Wmsp'rt A No.Br.a July
5,838
7,201
618.539
594,016
Wisconsin Centr'l.bAug.
245,326
242,125
1,243,951 1,141,936
474,543
July 1 to Aug. 31
449.880
xll,203
X12.271
493
WrightBv. A Tenn.bAug.
3,261
x22,998
2,349
6,851
July 1 to Aug. 31 ... X22,668
650,814
506,217
89,891
Yazoo AMlsB.Val.a.Aug.
16.506
946,277
73,129 def.9,117
July 1 to Aug. 31.... 1,064,783
.
U
..
—
;•>
—
—
"
—
x-NetoarnlngBberecrlven are after deducting taxiHB.
b i^etearnlngB here o;lven are before deduotlng taxes.
e These figures are In Mexican currency, and are oonrertlble Into
gold at the current rate of exchange.
dNet. after deducting taxes, is $122,537 and 9113,319 for 1903
and 1902 reHpeotlvely tor August, and from July 1 to August 31 net
is $284,434 this year against $211,191 last year.
e ResultB on Monterey A Mexican Gulf included from March 1, 1902.
f Thirty per cent of gross earnings.
g Length of road haTlns been reduced in July, 1903, by 582 miles
on account of sale of part of the Oregoa Short Line system, figures for
1902 have been revised to conform to the new basis.
Ii Includes Iron Railway Oo.'s earnings in both years.
i Houston A Texas Oeutral and its subsidiary lines are no longer included and their earnings have been eliminated from last years figures
to make proper comparison.
J These figures Include results on the Buffalo A Allegheny Valley
Division in both years.
k Expenses increased this year on account of expenditures for improvements.
For August after adding other Income total net is $1,840,306 this
year, aeainst $1,803,109 last year. For the two months alter adding
other income total net is $8,119,834 this year, against $3,376,690 last
m
year.
n Includes Paduoah A Memphis OivlBlon in both years. Expenses
for August, 1903, Include $64,735 paid for additions to property,
against $34,075 in August, 1902. From July 1 to Aug. 31 charges
Include $117,560 spent for additions to property against $64,368 last
year.
p Includes results on former Southern Pacific of Arliona, Southern
Pacific of California and Southern Paolflo of New Mexico.
q Including remittances from connecting roads, total net income for
the period July 1 to Aug. 31 is $102,244 Uiis year, against $120,993
last year.
r For August additional income is $9,462 this year, against $3,804
last year. From July 1 to August 31 additional income this year is
$14,319 against $4,789 last year.
n Including earnings of Savannah Florida A Western in both years,
and also Florida Southern and Sanford A St. Petersburg By. in both
years.
T For August additional income is $16,860 this year, against
$12,122 last year. From July 1 to August 31 additional income is
$31,739 this year against $27,821 last year.
X Includes $425 " other income" for Aueuet this year, <»gaiD8t $341
last year
From July 1 to Auk. 31, other Income included, amounts to
$870 this year, against $678 last year.
y Including other income, total net fiom July 1 to August 31 is
$32,186 this year, against $il,517 last year.
z Includes earnings of Valley RB. of Virginia. Ohio
Little Kanawha, Clev. Term.
Valley, Clev. Lorain
Wheeling, Ravenswood
&
&
&
THE CHRONICLE.
128G
Spencer & QlenvUle and Rlnley & Mill Creek, not wholly owned, but
oontroJed and operated by the Baltimore & Ohio.
t For ADga^t. 1903, taxes ikud rentals amounted to $149,316,
Mcalnet $l8t»,607, after dedaotlnjr which net for Anjrust, 1903. was
$8,002,486 against $1,600,523. From July 1 to AuRUst 31. 1903,
taxes and rentals amoanted to $339,182 this year aKalust $379,344
laat year, after deducting which, balance Is $3,776,756 this yeaiagainst fS.077,091.
I Kansas Otty Sab. Belt Included in both years.
y Includes Lake Erie &, Detroit River Railway for both periods.
T Includes Rio Grande Western for both years.
Interest Chartpea SBd 8iirpliB«—The following roads, Id
addition to their gross and net earnings given in the foregoing, also report oharges for interest, &o,, with the surplus
above or defloit below those oharges.
.
Int., lienlals, elc.
Current
—
.
Year.
I'revious
Year.
Hoods.
Atlantic <kBlrm'Kh. Aug.
BellefoDt« Cenrral Sept
$
$
438
623
Jan. 1 to Sept 3U ...
Brldgt. &Saco BtT.Aug.
July 1 to Aug. 31....
Buffalo <&S'sqiieh. Aug.
4,363
4,874
505
635
1.013
12,330
24.702
1.066
12,501
26,003
July 1 to Aug. 31....
0«nt. New England—
July 1 to Sept 30....
Jan. 1 to Sept 30....
Cent, of N. Jersey.. Sept
July 1 to Sept 30....
OleyOln.Ch.ASt.L.Aug.
July 1 to Aug. 31....
Peoria & East.... Aug.
July 1 to Aug. 31....
Aug.
Copper Range
July 1 to Aug. 31..-.
Cornwall ALehan. Aug.
July 1 to Aug. 31....
IDsn. 4 R. Grande. Aug.
July 1 to Aug. 31....
Dnl. 8o. 8h. & Atl...Aag.
July 1 to Aug. 31....
Genesee
of Xel JCarn'gs.—.
Current
Prerious
^—lial.
Year.
Year.
$
$
7,698
3,SS2
18.891
1.302
3,413
*22.600
*46,332
3,521
'19,762 def. 7.991
39,879
38,661
*31,757 *def.8,757
117,892
113,603
267,617 df.126,687
482,363
379,656
1,478,217 1,145.916 1,040,086 df. 136.579
337,125
240,089
282,571
167,647
466,158
477,107
608.097
296,290
33,688
33,688
31,447
37,403
67,376
67,876
37.091
41,467
10,480
5,875
5,875
16,724
11,750
11,750
42,934
19.179
4,019
3,993
12,385
8,430
8,052
7,977
27.974
16,357
32J,778 t*293,199 t"337.606
331,943
656,9^8
640,598 t*613.339 1*756,207
*26,799
*35,380
88,643
79,642
*37,144
*70,437
177,286
169,787
HooklnKVaUey
Aug.
July 1 to Aug. 31....
111. Ala... .Aug.
July 1 to Aug. 31
Kanawha & Mich.. .Aug.
July 1 to Aug. 31....
Manistee * No. E... Aug.
Jan. 1 to Aug. 31....
Indiana
MarTlandA PeBn..Sept
Mar. 1 to Sept 3o....
Aug.
Mineral Range
July 1 to Aug. 31
Mo. Kan. & Texas.. Aug.
July 1 to Aug. 3i....
Washv. Chat.&8t.L.Aug.
July 1 to Aug. 31....
HeT.-Cal..Oregon...Aug.
July 1 to Aug. 31....
K.Y.Ont* West.. .Aug.
7,278
19,903
7,061
20,185
116,650
1114,046
116,636
1113,780
19,208
80.999
159,181
17,833
36,667
19,070
38,055
6,051
48,404
2,875
20,125
9,697
19,393
323,656
644,406
149,982
299,963
2,192
4,384
g64,572
13,073
76,377
147,292
17,833
35,667
13.118
25.457
6,051
48,404
2,876
20,126
8.197
16,393
317.842
626,615
151,187
302,374
1,875
3,750
g59,903
July 1 to Aug. 31.... ei3..383 gl20,333
211,380
222.891
Norfolk * Wesfn.... Aug.
421,093
445.782
July 1 to Aug. 31....
11.496
14,629
North Shore (Cal.).. Aug.
60,476
84,268
Mar. 1 to Aug. 31....
||135,234
Fere Marquette.. Sept 11158,703
Jan. Ito Sept3o .. 1,349,409 111,190.445
608
483
Pine Blufi Ark. K... Aug,
966
1,216
July 1 to Aug. 31....
||
20,610
48,565
12,165
22,191
*41,764
*168,483
*314,209
1,127
21,422
49,517
9.225
16,008
*32,642
"166,627
*311,133
13.623
def.4,385
26,600
*8,47l *df 19,144
*5,572 *df.35,928
12.891
10,997
72.608
00.161
9,308
8.587
44,297
81.049
*1.220
*954
*392
*def.970
28.326
156.878
def.45,569
122,181
74,338
94,635
171.206
190,986
6,484
4,213
11,356
8,839
169,266
28.957
360.845
6,493
646,661
802,391
1.104,002
926.945
13,689
18,808
94,292
80,682
||266,854
||
1,265,680
def.664
def.920
||158,945
11766,951
483
686
Bsading—
888,C00
All companies.... Aug.
July 1 to Aug. 31.... 1,776,000
BloOrandeJunot...Aug.
Deo. 1 to Aug. 31....
BioGrandeBoutQ.Aug.
July 1 to Aug. 31....
St.
Jos.&Gr. Isl'd..Aug.
8t.
L.A San Fran.(lnolud.
July 1 to Aug, 81
7,708
69.375
17,833
35,244
18,959
87,883
895,721
1,791.441
7.708
69,375
19,033
38,086
18,464
36,904
865,365 df.625,528
1,861,546 dt.l057305
8,484
7,141
67,109
63,780
*7,643
'7,442
*21,641
*18,211
17,065
2,866
6,415
17,167
*409,019
*335,316
Ohio & East 111.). Aug. y848,235 y769,198
*712,064
*606,957
July 1 to Aug. 31.... yl,678,943yl, 518,203
def.45,844
x74,852
ganAnt&Ar. P...Apr.
df,284,365
July 1 to Apr, 30.... x73 1,305
22,675
23,274
32,341
22,583
S«nFr»n,*No,Pac.Sept
68,025
82.577
67.760
86.366
July 1 to Sept 30....
^^648.446
Aug. 52,833.563
I Southern Pao..
*df.l,33«,a36
July Ito Aug. 3 1. ...§5.725,231
2,583
814
634
2.693
Aug.
TexasCentral
5,106 def.lO,S40 def.6,04s
5,166
July 1 to Aug. 31...
4,026
4,028
4.229
8,011
Tin.Thomasv A G Aug.
8,053
7,686
8.053
6,009
July 1 to Aug. 31....
*e0,148
38.968
'O.gOO
88,478
tOledoA Ohio Ceu.. Aug.
•120,555
77.943
*42.696
78.853
July 1 to Aug. 3 iTT..
22,538
4.504
28,008
7.019
ToL Peo.A We8i...8ept
67,614
14,344
2.537
69,024
July Ito Sept 30 ...
2,404
3,071
4,797
2,767
Wmsport&No.Br.July
'100,944
*99,146
145,426
145,848
Wisconsin Central.. Aug.
'186.256
*160,740
295,100
295,025
joly 1 to Aug. 817:..
• Alter allowing for other Income received.
otber Income and for discount
t These iigurea are after allowing for
and exchange. After deduotlnj? $10,000 for Renewal Fund in
August, 1903, and $10,000 in AnRU.st, 1902, the surplufi for the month
Is $288, l»a against $327,606 a year a»fo. Sltnilarly after deducting
$20,000 for Renewal Fund the surplus far the two months to Aug. 31
la $593,889 this year against $736,207 last year.
.
Includes Rio Grande Western for both years.
These llgures Include $1,370,225 appropriated for betterments and
additions to projwrtles and equipment iu August, and $2,884,828
duiing period from July 1 to August 31.
I Includes Lake Erie <k Detroit River Railway for both periods.
T These figures Include $341 appropriated for betterments and
additions to properties and equipment In August. 1903. and $327
In August 1902. From July 1 to August 31 flgures include $1,429 for
betterments and additions this year, against $1,114 last year.
e These are net oharges after allowing for other Income received.
1 Houston lb Texas Central and its subsidiary lines are no longer
included, and their earnings have been eliminated from last year's
ngures to make proper oomparison,
X Interest on advances by Southern Pacific not taken into account
out flgures Include $11,851 appropriated for betterments and additions to properties and equipment in Apr., 1908, and $101,806 from
July 1 to date.
y Includes guaranties on certificates issued for Ohlc. A K. 111. stock.
t
5
Lbbioh Yallbt Bailbou) Cohfaict.
Aufftist.
1,471
10,973
1.670
2,499
*23,390
*38,413
& Wyoming-
July 1 to Sept 30....
Jan. 1 to Sept 30....
Gila Val.Globe A N.Aug.
July 1 to Aug. 31...,
July
Gulf & Ship l9l
[Vol. lxxvii.
1903
July 1
.
1902.
to
1903.
Aug. 31.
—
1902,
S
$
Gross earnings
Operating expenses
2,754,704
1,489,900
1,448,817
1 ,487,660
5,483.936
3,012,573
2,696,600
3,941.497
Net earnings
Other income
1,264,804 def.38,843
48,059
10,178
3,441,362
96,792
def. 244.897
Totalincome
1.312,863 def,28,670
2,638,154 def.2S6,835
taxes (est,) and
other deductions
492,727
Addil'ns <& Imorovem'ts.
57.900
8,062
Int..
Total dedactions....
Net Income
Net Ino, Lehigh Val. and
650.627
988,784
106,900
982,048
228.000
602.799
1.096,684
1,210,048
762,286 df,631,469
1,442,470 df.1,446,878
6,1742 df.220,824
162.309 def.466,366
813,978 df.852,293
1.604,779 df.1,913,244
oth. oontrMl'd coal eos.
Total net income....
488.799
114.000
MiBcellaneoas Companies,
—Current
Oross Earnings. —
Previous
.
OompanieM.
Amer. Light A Trac.July
>
Year.
Year.
$
*
$
Month of Aug
Aug.
Gas Co
Oct Ito Aug. 31....
& Hook. C. A Ir.Sept
Net Earnings.
Current
Previous
Year.
Buffalo
Col.
^
U18,108
Apr. Ito Sept SO.... 11116,421
Cumberland Telegraph A
Teiep. Co
Aug.
225,110
1115.786
li83,597
.
Year.
$
t71,694
t7e.403
15.237
t63.784
163.301
17,842
818,660
14,668
96,108
806.242
12,460
63,868
251.928
83,326
82,904
Edison Elec, Ilium. Co. of
Brockton, Mass.. Aug.
7,256
6,321
1,681
1,136
Fall River Gas Works
Aug.
24,771
Co
e9,452
204.283
Jan. 1 to Aug. 31....
C78,389
Lowell Electric Light
16.471
16,017
Corporation
Aug.
5,767
5.949
144,780
126,259
47,493
Jan. 1 to Aug. 31....
44,362
Mexican Coal A C.Aug,
84,876
76,328
24,883
25,825
184,647
148,016
68.641
July 1 to Aug. 31
47,396
20,121
Mexican Tel'phoue July
22.824
11.345
8.343
Mar, 1 to July 31....
113.049
98,668
56,066
45.918
Milwauk. Gas L. Co. Aug.
47,808
46,186
413,242
413,096
Jan. 1 to Aug. 31
Minneapolis Gen. ElecAug.
39,144
35,810
16.396
16,470
tric Co
78,059
82,981
29,206
88,520
July 1 to Aug. 31.
506.249
113,976
Pacltlo Coast Co.. a Aug.
667,353
92,006
231,898
207,791
July 1 to Aug. 31...- 1,127,716 1.061,988
Philadelphia Co.— See stal ement on page 1288.
628,152
401,937
Pittsburg Coal Co.. Aug.
4,524,655 3,433,970
Jan. 1 to Aug. 31
Pocahontas Collieries
42,206
Aug.
Company
865.526
Jan. 1 to Aug. 31....
United Box Board A Paper Co
Aug.
409,631
90,281
t The proportion of the dividend on preferred stock for July was
$46,984 this year, against $42,515 last year, leaving a surplus of
$24,710 this year, against $21,269 last ;ear, Forthe 2 months the call
for the dividend was $93,968 this year, against $86,369 last year,
leaving a surplus for these 2 months of $56,130, a^^alnst $41,716.
c After deducting $5,831 for depreciation, the net profit for the
montbs is $7:^.658.
Net receipts are from coal sales before deducting general ex-
eight
li
penses.
Interest Charges and Surplas.
— /nl., Itentaliy,
OompanUa.
Onmberland Telegraph A
Aug.
Teiep. Oo
etc.
—
-Bnl. of Net Eam'gs.—^
Current
Previous
Current
Previous
Year.
Year.
Year.
Year.
15,130
Edison Elec. Ilium. Co. of
1,056
Brockton, Mass.. Aug.
Fall River Gas Works
85
Aug.
Oo
618
Jan. 1 to Aug. 31
Lowell Electric Light
1,118
Aug.
Corporation
8.008
Jan. 1 to Aug. 31....
9,841
Mexican Coal A C.Aug.
19,719
July 1 to Aug. 31....
Minneapolis Gen. Elec9.225
Aug.
tric Co
18.173
July 1 to Aug. 31....
Pocahontas Collieries
dl4,539
Aug.
Company
dll5,876
Jan. 1 to Aug. 31
15.348
68,196
67,561
729
625
407
—
c9,367
C77.771
1.289
9,541
10,123
19.686
4,654
39,490
15,042
38,922
4,660
34,831
16,702
27,710
8.150
16,300
7.171
14,909
7,320
18,906
27,666
249.650
c After deducting $5,831 for depreciation the net sorplas for the
eluht months Is $71,940.
d Oharges Include sinking fond and preferred dividend.
—
.
.. ..
Oct.
.
8TBEET BAILWAT8 AND TBACTION COMPANIES.
The following table shows the gro»$ eamiiiKS for the latest
period of all stbeet railways from whioh we are able to obtain weekly or monthly returns. The arrangement of if
table is the same as that for the steam roads that is, tbe
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earniniis
for the calendar year from January 1 to and including suob
latest week or month.
—
ST&EBT RAILWAYS AWD TRACTION UOMPANIKB.
Latest QroMt learnings.
Ou^^t
\wtMjtorHo
Wttltoruo Year.
Ea&iiihos.
American
Aar. El)rtn401ilo.By
Blngbamton Ry
Br'klyn Kap.Tr. Oo.
BurlliiKt*n(Vt)Trao.
.
Electric..
Oas
Cent. Penn. Tract...
Oal.
<fe
CliloaKO
&
Mil. Elec.
cm. Dayton & Tol.Tr.
Oln. Newp. & Coving.
Light
Jan. 1
to
Ourrenl \Previout
Prev'u*
Tear.
Tear,
i
& Traction. Augast
A Lt^ht
.
112,576
794,967
96,217
Tear.
861.488
159'.7fi'8
d3,403,434
42.70iS
S'44'.539
147.406
300,864
707.435
Cttlzens' Ry.
(MoBcatlne, Iowa).. August
Oleve.&So. W. iT.Co. September
Oleve. Palnev. <fe E.
September
Dart. & W "port St.Ry. August
Detroit United Ry..n 2d wk. Oct.
Dulath-Snp. Tract... 2dwk.Oot.
.
9,683
43,159
23,023
19.201
83,180
12.274
Elgin Aarora i% Son. September 40,446
Havana Eleo. Ry.Co. Wk.Oot.18 128,596
HoDolnlu Rapid Tr.
August
A, Land Co
Hoaghton Oo. 8t. Ry. August....
Hoaston Eleo. St. Ry. August
Indlanap. & B ^st. Ry. September
A
Martlnvllle Rapid Tran.. Aognst....
Indlanap. Shelby vUle
it Bontheastern Tr. July.
Intemat'l Tract. Co.
Indlaoap.
System
(Buffalo)...
Ithaca Street Ry
Jacksonville Eleo. Co.
Lake Shore Eleo. By
Lake Street Elevated
Lehigh Traction
28,731
20,871
40,824
20,315
63,888
9,041
54,331
30,464
330,232 1319,969
19,396
164,886
161,895
21.066
95,614
91.596
74,798 3,471,962 3,101,308
10.285
488,919
416,6S6
37,806 346,170 308,240
124.197 {1022,223 1862,298
17,820
17,805
33,698
11,885
177,136
114,616
d5S,012
d26,701
14,186
9,513
Angnst
429,980 369,635 2,625,423 2,232.512
11,579 12,030
160,042
August
21,789 17,832
128,031
September 63,498 46,052 467,912 343,574
September C62,557 c81,773 O 578,797 C 556,430
September 13,291
105,522
6,879
74,717
82,882
11,645
32,72-'
19,094
Mad. (Wis.) Traction. !?eptemb/ir
8,049
Maea. Electric Co
July
708,324
Metrop. 8t. Ry.(N.Y.)
inolud. 3d Ave. RR. July
1,858,601
Met. West Side Eiev.. September 169,899
MU.Kleo.Ry.ALt.Co Sep'ember 271,516
MlLLtHeat&Tr.Co. September 43,059
Montreal Street Ry
August... 211,815
.
454,993
89,002
165,853
112,980
69.488
72,987
7,118
29,815
16,102
7,52S
650,073
384,567
76,071
141,186
97,603
60,624
Oas Department... August
Vev London Bt,. Ry.. Jaly
N. Y. A L.L Tract.. August
Norfolk Ry. & Litthi. AUKUst
IT.
& Lt. Go September
Northern Texas Trao.
Northwestern Kiev..
Oakland Ifana. Cons
Clean St. Railway...
September
September
September
August
Orange Oo. Traction. August
Peeka.L't'K<bRR.Co. June
Philadelphia (Jo and
Affiliated Corpor's. September
PottBV. Union Tract. September
Paehlo & Suburban
Tract. <fc Light' g Co July
BvB Co.Gen.— RoiMis. September
Light Go's
September
Boohester Railway .. September
Bookford Belolt A.
JanesvlUe
September
St. Louie Transit ... September
San Bernardino Val.
Tract. Co
August...
Sao Paulo (Brazil)
Tram. L't 4 Po. Oo. September
Savannah Elect. Oo. August ...
Boranton Railway... September
Seattle Eleotrio Co.
August
Sonth Ride Elevated September
SprlQgfl'd & Xenla Tr Wk. Oot.18
Syracuse R»p.Tr By. Augnst....
Tampa Eleotrio Co. June
Terre Haute Elec.O. Augnst
ToL Bowl.Gr.A 8o.Tr ^eptetuber
Toledo Ryu. <k Light. Srp;emDer
.
.
Toledo <fe Western.... July
Xoronto Railway
Wk.Oot. 17
Twin City Rap. Trao. 2dwk Oct.
Union (N. Bedlord)..
Union Trao. ol Ind..
United of San Fran
United Trao.— (Alb.)
.
August
September
September
Utloa
AMohawk Val.
August....
luiy
10,920
X4,660
3,300
11,863
5,474
68,098
84,015
41,949
102,160
100.252
9.318
14,025
10.045
11,662
1,933
2.478
10.952
8.072
r52,727
rl8.417
rl9,188
411,138
666,302
335,297
910,324
837,911
57.82 2
73,648
67,492
95.926
83,326
6,319
14,247
4106,757
r56,l71
rl3,428
rl5,808
561,899
849,120
695717
38,414
69.627
d86,795
1,199.076 1,085,798 11,327.983 10,108,976
19,700
12,928
44,222
29.159
1.905
106,779
26,126
1,903
94,199
148,801
133,281
277,172
244,603
16,806
940,081
207,051
15,488
822,919
11,826
101,689
635,109 561,921 5,401,812 4,731,256
d 16,330
8,144
126,000
50,766
78,622
188,541
122,830
1,089
68.568
25,563
46,255
2S,915
150.011
17,152
42,552
79.297
38.377
103,098
541.196
145.268
73,261
21,287
2S,94l
45.961
378,932
102,960 962,800 822,020
46,196
55.647 619,577 378,932
179,116 1,362,929 1,185,605
114.858 1,135.882 1,042,783
45,002
60,580 522,066 469,764
18,897
34,456
21,974
127.639 1,225,928 1,069,057
35,880 1,658,976 1,3"88,'45'8
66,225! 3.177.580 2.802,064
38 390 345,321 221.697
86 845 822.501 707.192
486,777 4,580.577 '4,029,377
139,679 952,128' 863,967
62,489
17,666 173,330 155,483
i
Waah. Alex. & Mt. V, September
West. Ohio By
AUKUSt
d50.447
Youngs town-Sharon August
339.439
I Spanish silver.
I These are results for properQes owned,
e Result* for main line.
d Figures here are from July 1.
n These earnings Include the Detroit United Ry., Detroit <b Port
Huron Shore Line and the Sandwich Windsor <k Amfierstburg By.
r These flguree are from Mar. 1
* ^'^i^* 'or 1902 oovpir only the Oev. Elyrla A Western Ry.Co.
For the past six months figures are those of the Harrisburg Trao-
Bon
Co.
X Income of Elect.
ng,
returns of the different roads are published by us each week
as soon as received, and once a month (on the last Saturday
of the month) we bring together all the reads reporting as is
done to-day.
Light department, through change in bookkeepshows two months' income in August,
—
— Gross
Eamiiiffs.
J'revinus
Year.
Year.
,
Current
^
Jfet
Earnings.
Previous
,
Viirren'.
Year.
Year,
$
American Light A Tract. Oo, -See under MlaoellaneouB Oompanles.
Aurora Elgin A Chica44,394
Sept
24,249
go Ry
157,436
July 1 to Sept 30
90.866
21,932
18,432
BiQghamton Ry.b..Sept
11,276
7.973
159 7ft8
182,691
86.560
Jan. 1 to Sept 8U
67,078
332,867
208,067
106,258
Oct 1 to Sept 30....
90,480
California Oas A Elec«p
Oorp.a
Aug.
Central Pennsylvania
Traotlo n Co a
Sept
Jan. 1 to Sept 30. ..
Ohic. <b Mllw. Eleo Sept
tric
.
Jan. 1 to Sept SO
Cincinnati Dayton A Toledo Trao tlon.b... Aug.
June
1 to Auff. 31....
Jan. 1 to Aug. 31
Newp. A Cov.
A Traction. a
Light
Aug.
Jan. 1 to Aug. 3i
O'ev.Palnesv.iSr E...Sept
227.658
«p
90,498
45,753
391.143
40,921
194,636
38,391
344.589
19 347
147.405
9,039
117,010
81,101
127,700
15,876
138,609
12,359
87,668
56,545
154,678
341,503
49.301
140,411
300,864
30,268
78,493
149,496
24,819
72,256
112,576
794,967
23,023
164,886
96,217
707,435
19.396
151,895
60.749
334,477
10,060
70,878
41,823
805,641
8.463
67,499
43,169
30,464
17,829
16.468
•Oln.
X
Jan. 1 to Sept 30
'Cleveland Southwest'n
Traction Co
Sept
Jan. 1 to Sept 30
380,232
219.969
136,493
98,848
Detroit United Ry.n (all
properties) .a
411,812
370,959
Sept
178,216
166,697
Jan. 1 to Sept 3u
3,304,050 2,953,124 1,856,672 1,288,107
Daluth-Sup. Trao.. Aug.
57,880
51,457
30,673
24,952
Jan. 1 to Aug. 31
413.683
349,496
184,737
165,692
Bast. Ohio Tract. a. June
17,949
18,739
6,586
8,193
Jan. 1 to June 30....
87,617
81,490
28,887
81,585
Blgln Auro. A So.b.Sept
40,446
87,806
18,390
16.992
Jan. 1 to Sept 30
346,170
808,240
149,598
132,501
Honolulu Bapid Transit
<fcLand
Aug.
17,320
25,781
11,684
7,899
Jan. 1 to Aug. 81
177,136
114.616
80,167
47,986
Houghton County
St. Ry.
(Hancock, Mich.) Aug.
Sept 1 to Aug. 81
Honsfon Elect. Co.. Aug.
Sept I to Aug. 31
[nd'p'Us
1.743,814
157,126 1,618,702 1,400,682
255,818 2,235,597 2,00 ,425
35.350 321,436 266,501
199.404 1,468,346 1,864,070
Mask. Tr.& Light. Co.
Street Ry. Depart.. August
Eleotiio Llitht Dep. August
Street Kailway Net EamlHgs.— In the following we
show both the gross and the net earnings to latest dates of all
Street railways from which we have been able to procure
monthly returns. As in the case of the steam roads, the
1
July
Lehigh Val. Trao. Co.
Street Ry. Dep
July
Blectrlo LlRht Dep. July
Lexington Ry
July
London St. Ry.(Can.) August
Nor. unio
,
1287
Jioads.
Latest Dat'
8
9
September 132,004 107,614 1,023,013
152,436
44,394
September
September 21,932 'is'. 43 2 182,691
29day«Hep 1.108,368 1,042.944 dS.837,0T6
7,967
58,634
September
6,690
Augusr
227,656
September 45,753 38,391 391,143
September 40.921 19,347 194,636
August
56,545 49,301
841,508
R'7«. Oo.Q.
S
THE CHRONICLE.
IM, 1903.]
GSOU
—
.
A East
Ry.Sept
20,871
182,103
40,824
414,702
20,315
56,012
July 1 to Sept3i>
Indianapolis ShelbyvUle
A Siinthoast. Tr. July
9,513
Sept 11 to July SI...
92,533
International Tract. Co.
8y8tem(Bnffalo) b. Aug.
429,980
Jan. 1 to Aug. 3i
2,625,423
Ithaea Street Ry.... July
11,579
JaokRonv. Eleo. Co. Aug.
21,789
Jan. 1 to Aug. 31
160.042
17,305
170,802
33,638
884,988
11,895
10,615
61,508
19,015
158,919
10,467
29,468
7,491
68.847
16.060
141,850
6.627
2,541
40,950
869,535
3,232,512
12,030
17,832
128,031
228,585
1,219,569
3.938
7,651
58,429
186,675
1,011,996
3,792
4,102
Traction Co. b ...Sept
43,059
35,350
Jan. 1 to Sept 30
821,436
266,501
Montreal St. By
Aug.
211,816
199,404
Jan. 1 to Aug. 31.... 1,468,346 1,361070
Oct 1 to Aug. 31
1,999,993 1,843,241
Wew London St. By.Jnly
11,863
10,962
New York & Long Island
Traction Co
Aug.
8.072
5,474
23,517
161,886
102,657
563,343
781,025
6,826
17,863
116,358
99,318
610.432
803,395
6,672
2,140
800
104,888
27,483
156,570
108,440
40,097
304,352
19,916
157,129
61.130
83,326
695,717
408,960
5,982
6,319
12,888
11,889
38,414
80,704
14.247
6,853
24,748
69,627
5,696
86,"795
48,152
on page 1288.
94,199
52,486
296,499
171,069
822,919
464,521
31.495
247,761
39,433
Kingston ConsoUd'd—
July 1 to Sept 30
40,111
36,900
19,409
17.662
Lake Sh. Eleo. Ky.aSept
63 498
46,052
26,859
16,256
Jan. 1 to Sept 30...
467,912
342,574
176,776
127,545
Leblgh Traction.. .Sept
13,291
6,379
7,137
2.854
Jan. 1 to Sept 30
105,522
74,717
46,711
28,139
Lexington Ry. b...July
32,725
29,816
14,284
14.429
May 1 to July 31....
86,653
78,058
36,507
85,828
Lond.8t.Ry. (Can. )a Aug.
19,094
16,103
7,792
6,408
Jan. 1 to Aug. 31
112,980
97,503
39,534
35,340
Madison Traction.. Sept
8,049
7,525
2,569
2,967
Jan. 1 to Sept 3u
69,488
60,624
27.879
20,074
Middlet'n & Gosh. Eleo.—
July 1 to Sept 30
19,527
18,415
3,818
4,458
Milwaukee Elec. Ry. A
Light Co..b
271,516
Sept
255,818
136,066
145,082
Jan. 1 to Sept 30
2,235,597 2,001.435 1,107,117 1,054,919
Milwaukee Light, Heat
A
New York A Queens Co.b
July 1 to Sept 30....
NorfoikRy.& Llght.Aug.
JaiL 1 to Aug. 31....
North. Ohio Trao. &Lie:ht
Oo.a
Jan.
Sept
ltoSept3u
North. Tex. Traot. b Sept
Jan. 1 to Sept 3u
Oakl'd Trans. Cons. Sept
Jan. 1 to Sept 30....
Olean Street By
Aug.
July 1 to Aug. ;il
Jan. 1 1(3 Aug. 31
Orange Oo. Traot... Aug.
Jan. 1 to Aug. 31....
PeekskinLt;.<te
aJune
July 1 to June 30....
BR
Philadelphia
Company—
Rochester Ry. Co.. .Sept
JtUy 1 to Sept 30
Jan. 1 to Sept 30
196,803
68,098
411,138
84,016
666,302
41,949
335,297
100,252
837,911
9,318
18,839
57,322
14,025
73,648
10.045
106,757
ee statement
If 6,779
338,745
940,081
192,699
67,492
551,899
88,734
280,906
3,725
7,078
17,447
9,436
29,437
30,403
47,298
147,332
384,377
THE CHRONICLE.
1-288
— Orosx Eariiiinjs. —
Current
Year.
Koads.
July
8ao Paulo
6.064
51,232
July 1 to June 30
Rochester Ry. Co. Sept
July 1 to Sept 30
8.144
16.380
3,613
7,891
Jan. 1 to Sept 30
Rook ford Belolt A JanesvUle
Sept
Jan. Ito Sept 30
San Be'nardino Valley
Jan. 1 to Sept 30
...
BayaDDab Eleotno.Aug.
50,7.'i6
Sept 1 to Aug. 3 1
Scranton Ry. <^o
Sept
Jan. 1 to Sept So....
Seattle Electric Co. Aug.
607,791
78.622
619,577
168,641
Jan. 1 to Aug. 31
1,362,929
68.568
Byracnse Rap. Tr.bAug.
140,514
July 1 to Aug. 31....
522,056
Jan. 1 to Aug. 31
25,553
Tampa Elect. Co. June
46,255
Terre Haute Elect.. Aug
436.387
Sept 1 to Aug. 31
.
94,000
667,200
23,S97
207.503
38.061
270,842
64,712
395.179
80,568
63,021
225,670
10.205
19.437
147.492
102.960
822,020
46,196
466,497
55.647
378,932
179,116
1,185,605
60.580
123,161
469,764
18,897
34,456
312,048
21,261^
91.599
66,6t6
351,130
37,266
55,472
206,106
8,081
12,656
47,173
Green
Toledo Bowling
4.297
27,816
26.742
77.580
230,617
. .
70.087
607,083
22,013
191,974
& eonth'n Tract.. Sept
yl2,966
81,974
9,016
28,918
127,839
71,774
65,638
150.011
Toledo RjB.A L'ht.aSept
694,754
522,469
Jan. 1 to Sept 30.... 1,225,928 1,069,057
339,669
216.329
209.059
372,252
Twin City Rap.Tr.bSept
Jan. 1 to Sept 30.... 8,020,843 2,667,095 1,621,956 1,475.775
62,542
145,268
139,679
50.667
United Tr. (Alb*y)b. July
952,128
300.452
262,105
863,967
Jan. 1 to JiUy 81....
25,941
14,994
Western Ohio Ry Aug.
50,447
28.723
July 1 to Aug. 31....
Youngatown-Sharon Ry.
45,961
21,461
Aug.
A Lt. Co.a
339,439
138,044
Jan. 1 to Aug. Si
a Net earnings Here glyen are after deducting taxes.
b N«trti*rnlnif« aereirlv-en are before dertaotlnsr taxen.
n These earnings Include the Detroit United Ry.. Detroit <fe Port
Huron Shore Line and the Sandwich Windsor & Amherstburg Ry.
« Formerly the Harrlsborg Traction Co. The figures for the first six
Traotiou Co
Aug.
July 1 to Aug. 81
Savannah Electric. Aug.
Sept 1 to Aug. 31
Soranton Ry. On
Sept
Jan. 1 to Sept 30
Seattle Eleotno Oo. July
Jan. 1 to Aug. 31
Sjrracuse Rapid Tr.Aug.
Tampa
Elect. Oo... June
Terre Haute Elect.. Aug.
Sept 1 to Aug. 31....
Toledo Rys. &Lt....Sept
Jan. Ito Sept 30....
Twin City Rap. Tr...Sept
Jan. 1 to Sept 30
United Trac. ( Alb'y) July
Jan. 1 to July 31....
Western Ohio Ry
Aug.
July 1 to Aug. 31
.
. .
—
-Hal. of Net IJarii'gs.—,
I'revious
Year.
Current
Previous
Yeai:
Year.
if
& RR. June
Lt
11.826
101,689
126.000
962,300
Iieiilals, etc.
Year.
Hoads.
Tram-
(Brazil)
way L't & Po w.Oo Sept
Til/..
Current
Peeksklll
to Aug. 31....
1
—
Xrt Kaniiiigs.
I'rerions
Year.
Xenr.
Current
Preri-ins
Year.
$
Boekford BeloltA Janeavllle
Sept
Jan. 1 to Sept SO
San Bernardino Valley
Traction Co.b
Aug.
[Vol. lxxvii.
24.833
74,7 ^3
223,360
3.708
22,708
1,872
3,744
9,804
115,722
19,786
178,072
22.257
195.331
20.287
2,135
6.664
78,391
41.418
366,860
178,438
1706,631
25,382
174,950
10,637
21,262
1,399
15,937
•27.168
•84.816
•237,782
•22.866
•73.670
•164.799
3,386
28,624
9.583
19.086
171,772
21,158
175,507
19,025
1,885
6,461
71.964
38.921
342,707
177.734
1688.234
28,866
166,646
1.741
4,137
14.093
12.430
91,781
18,275
2,182
92,770 def.80,173
42,455
45.508
199.848
175,623
10,279
8.240
8.070
6,190
12,773
6,195
69,101 def.24,791
30.356
26,717
227,904
179.762
136.891
131,325
916,325
787,641
•37,800
•27,331
•130.308
•99,989
4.357
7.461
. . .
months are the earnings
of that
company.
X Figures for 1902 cover only the Clev. Elyrla & Western Ry.
y Uperaung expenses this year included f 2,000 spent for improve-
ments.
* Besults for 1902 are for Cincinnati Newport
&
Koads.
Anr'ra Elgin & Chlo. Aug.
California Gas
A
Rentals,
etc.
Previous
Year.
Year.
^Bal. of Net Eam'gs.—..
Current
Year
$
Previo^ts
Year.
Corp
$
16.280
48.989
14,130
30,202
21,392
8,539
23,266
21,113
168.749
6,193
55,775
29,398
165,943
3,482
12,576
20,710
136.892
2.270
11,724
84.208
743,762
15.865
98.253
9,172
75,838
81,258
703,219
14,671
92,199
9,049
75,716
*95,836
*642,382
14,707
86,484
9.218
73,755
•87.577
•614.883
10.281
73.393
7,943
56,786
2,929
33,850
7,538
79,051
4.167
10.417
2,604
30,624
6,250
7.686
27,658
11.477
79,868
6,300
19,051
4,887
38,323
9,810
136.535
System (Bufialo)..Ang.
Jan. 1 to Aug. 51... 1,039.222
127,918
1,003,982
1,991
2,875
92,050
180,347
2,346
4.536
58,657
8,013
9,552
*1.658
6,489
8,110
Sept
properties)
Jan. 1 to Sept 30....
Duluth-Sap. Tract. Aug.
Jan. 1 to Aug. 31....
Elgin Aurora <t wo. Sept
Jan. 1 to Sept 30 ...
Houtrhton Counry St. Ry.
(Hancock, Mloh.). Aug.
Sept 1 to Aug. 31
Houston
Sept
Elect. Co. .Aug.
Aug. 31 ..
Ind'p'Us & East Ry Sept
July 1 to Sept 30....
International Tract. Co.
1 to
Ittaaoa Street Ry.... July
Jaoksonv. Eleo. Co.Aug.
Elngston Consolidated—
JtUy 1 to Sept 30 ...
Lake Shore Elect Sept
Jan. Ito Sept 30....
July
Lexington By
May 1 to July 31
Lond.8t.By. (Can.).. Aug.
Jan. 1 to Aug. 31....
Mlddlet'n-Gosh Elec—
July 1 to Sept 30...,
Milwaukee Elec. Ry. A
.
UKht Co
..Sept
to Sept 30...
Ullwaukee Light, Heat
Traction' o
Sept
Jan. Ito Septao ...
Montreal 9t. Ky... Aug.
Jan. 1 to Aug. 3i....
Oct to 1 Aug. 31....
New York A Long Inland
Traction Co,
Aug.
New York A Queens Oo,
July 1 to Septao....
Jan.
1
A
Rorthem Ohio Traction
Sept
ALlehtCo
Jan. 1 to Sept 30 ..
Worth. Texas TrHCt Sept
Jan. 1 to Sept 3"....
Oakl'd Trans. Cone. Sept
Olean St Ry. Co
Aug.
July 1 u, Aug. 31....
Jan. Ito Aug. 31....
. . .
1,593
8,115
17,901
20,370
179,632
5.412
8,083
3,544
1,801
1,227
2.3 tO
17,440
4,321
13,483
2,270
18,174
2,856
8.872
20,271
5.452
22.094
10,108
22,345
4,133
17,166
831
2,446
3,062
2,132
75,286
649,654
70,599
596,810
»61.60l
*467,401
•78,263
•471,621
15.380
124,727
21,415
161,302
210,778
9,633
83,150
22.950
8,167
*37.187
81,2»2
14<:,641
402.041
570,247
8,170
•33,^40
76,368
467,791
615.116
16,2.i6
and Pittsburgh Bailtoays
Co.,
,
-Jan. 1 to Sept. 80.—n
1903.
1902.
GroBseamlngB
1.199,076 1,085.793 11,327.983 10.108,976
Operat'gexp'8 and taxes. 720,221
664.361
6,540,366 6,765,862
Net earns. from oper'ns
Miscellaneous Income...
A Income.
.
Remainder
Accrued dlvld'd on pret.
478,855
21,071
421.422
15,622
4,787,617
337.090
4,343,124
404,186
499,926
318,420
437,054
308.045
6,124.707
2,872,234
4.747.310
2,760.827
181,506
129,009
2.252,473
1,986,483
stock of Phlla. Co
Net surplus
Due owners of
common
23.937
23,937
215.420
216,296
157,569
106,072
2,037,058
1,770.187
143
135
2.324
2,351
167,426
104,937
2,034,729
1,767,836
stock of affiliated cos.
Available for Phila. Co..
• Fixed charges Include rentals of leased companies, interest on
funded debt of above companies, and accrued dividends on preferred
stocks of afililated companies held by others than Philadelphia Co.
ANNUAL REPORTS.
la
Annual Reports.—The index to "Annual Reports," which,
omitted to-day, will be found in Chronicle of Oct. 17.
Chicago Barlington & Qalncy Railroad.
CEeport for the year ending June 30, 1903. J
The annual report of this company for the fiscal year 1902-3
is given on pages 1298 to 1800, embracing the remarks of
Mr. George B. Harris, the President, and the balance sheet
ancl income account.
The results for four years are given below, the balance
8h<^et in 1902-08 embracing the accounts of both the C. 6.
& Q. Railway Co. and the C. B. & Q. Railroad Co,
OPEBATIONS AND FISCAL BEBDLTS.
def.
Miles oper.Jnne sot
^Quipm^nt' —
1902-03.
8,256
1901-02.
8,045
190001.
7.912
1899-00.
7,661
961
EoKiiies
810
Passf-nger eqnipm't.
43,566
37,780
Freight * mis. oars.
Operati ns—
Pas»'re(rev.) 1 mll». 678,462.1 29 600.136,909 633,186,204 469,256.338
2-20 ets.
212 ots.
216 ots.
Rate perpasH perm. 2 OS cts.
1,262
1,025
45.751
-
1,176
1,017
44,628
1,155
1,005
Tons fr'ht 1 raliet...493il«.'J014 4001631245 3870529358 3793008334
0-851 ets.
Ra'eper ton per m.I 0-a68ots. 0-8J6 ots. 0862 ots.
OrosBt-aru. per mile
187,179
Oo.
September
1903.
1902.
Tot. earns.
21.351
168,534
6.538
58,302
Jan. 1 to Sept 30....
Detroit United Ry. n (all
Including Philadelphia Company, JBquitable Oat Oo., Oimsolidated
the City of Pittsburgh, the Allegheny County Light
Ocu Company of
Fixed charges*
25,049
65,449
16,138
48,291
128,103
Philadelphia Company and Affiliated Corporations.
19,479
12,600
Elec-
Aug.
Cincinnati Dayton A ToAug.
ledo Traction
June 1 to Aug. 31....
Jan. 1 to Aug. 31....
Oln. Newp. & Cov. Light
Aug.
<k Traction
Jan. 1 to Aug. 3l....
CTev. Palnesv. * E Sept
tric
Int.,
Current
1
Covington Ry.
Interest Charsres and itarplag.
.
After allowing for other Income received.
Fixed charges Include dividend on preferred stock.
n These earnings include the Detroit United Railway, Detroit A
Port Huron Shore Line and the Sandwich Windsor A Amherstburg
Railway.
•
$7,529
Karningi—
Freuhl "
$
Total
62,638,379
42,782,406
14,136.^81
Passenger
5,719,692
Mall and mlBoell'B..
$6,252
$6,634
$6,405
$
$
$
36,072,080 33,662,221 32.557,999
12,857,267 11,624.746 10,384,408
4,693,013
4,868.899
4.765.023
63,795,246
50,061,989
47,635,420
7,786,364
(
MalQ'ce 01 way, <fec. 1
Mbla. of eqiilpui't. Uc,7fior,Q7, 7,430.935
Oondaci'giransp'npS'^^^'^^^1 17.336.7 2
l,4ftft.7«8
General
J
I
1.673.037
1.778,476
Taxes
8,676.029
6,094.873
16.179,611
1,491,478
1,627,017
8.109.583
5,499,866
14,992,160
1.215.749
1,605,603
Opiral. expentes—
37
•2,146
'804
49,760
47,508
67,864
67.212
22,707
199,«65
9,678
82,489
24,246
2,209
4,297
17,226
17,073
153,298
17,890
104,687
10,243
74,640
26,884
3.773
7,892
13,479
14,422
94,463
21,865
1,909
3,680
11,860
.40,542.473 36,682.876 84,068,908 81,422.842
Total
(68-. 7)
(66-33)
(66 10)
(64 72)
op. exp. to earns.
22,095.906 18.112.370 15.983,081 16.113,078
Net earnlugs
• Operations and equipment do not embrace narrow-gauge roads.
June 30, 1908, 68 miles additional of narrow-gange
t There were
roads.
only.
: In 190203 and 1901-02 revenue freight
P
16,869
1.816
3,398
6,587
c.
Oct.
THE CHRONICLE.
24, 1903. J
$
1900 01.
s
.22,095.906
208.33 ^
Other Income A int.
78,208
Landdep't reo'te...
18,112,870
15,983,081
00,176
120,555
16.113,078
311,204
70.991
.22,442,446
18,453,175
16,363,879
16,495,278
7,263,106
7,421.979
827,893
488,600
7,744,545
6.652.558
5,829.678
(6%)
1901-02
Seeeiptt—
ft
earnlntrs
Total
s
2t}0,24'2
2r>0,629
1899-00.
The remarlis of President Ramsey are given at considerable length on pages 1305 and 1806. The oomparative statistics, compiled in the uanal form for the Chronicle, and
an editorial on the results for the year, were published In last
week's issue.
Deduct—
Interest on bonds.
.
Rertals
Blnklng fnnds
Other ohHrgea
Dividends
Kate
.
7.442,941
192,174
721,758
4t)3.827
623,131
TOMNAOB OF ARTICLES OAKRIBD.
— Ytar ending—^
.S34,5G7
•8,819.722
(7%)
of dividends.
17,1S9.786
1,263.389
0.909
4.491,537
17,9!=
Total
Balance, earplas
(6>«%)
14,891.030
1,472,849
P. cent.
Articles—
Products of agriculture
Products of animals
Prod'J-ots of
mines
Miiniifaotures
Of this aniouiit,lnl902 OS, $8,606,752, and In 1901-02, $8,606.1 20,
applied directly as Interest on the No. Paoltlo-Great Northern
Joint houds, as a matter of convenience.
Miscellaneous
Merchandise
'
waa
Auelt-
1902.
Litibiliiies
326,165,030
340,945,259
—
110,839.100 110,800.600 110.577,700
Capital stoclt
Bonds (see INVK8T. Supp'T)... 156,050,900 152,072,400 147,2(14,300
50.753
82,130
7*, 467
Coupons unpaid
609.606
621,178
656,890
Bur. relief department fund...
340.245
280,015
Flie Insurance fund
408,086
1,677,669
Replacement fund
2,201,864
1,673,564
2,(139,403
2,109,300
Interest due July 1
3,236,126
3.974,613
Vouchers and pay-roUs
6,668,889
6,612,850
865.079
Sundry current accounts
16,912,422
4,543.982
21,.'i99,245
Slnklns funds
21,697,725
20,352,290
10,000.000
10,000,000
Renewal fund
10,000,000
Income account
25.415,534
19,785.021
17,217,349
Protit andlloss
13,022,699
9,159,298
13,151,468
366.285,418
X " Composite" balance sheet of O. B.
Oo8.-y. 77, p. 509, 249.
Baffalo
668
1,812.162
647.507
3,100,176
8'25
708,806
31-39
8*48
9-24
6-58
2,692, S68
723,094
914,089
620,327
1,394,770
14 94
727,603
791,911
564,018
1,282.016
-
366,285,418
Total llablUUes
Tons.
2112
1-91
334.822
3-45
164,196
Wheat
75«,7H5
7-81
652
5.59,723
Corn
4-23
4 11
Other grain
409,762
352,757
4-29
3H7.801
467
45^,602
Flour and other mill products...
4-29
3 49
337,600
Hay, vegetables, etc
367.685
Bituminous coal
2633 2,551,579 25-62 2,197, .500
6-77
5-68
Anthracite, ores, etc
648,597
495,058
The company's own freight in 1902-03 nggregated 1,838,755
tons, against 1,903.089 tons in 1901-02.—V. 77, p. 1233, 1226.
1901.
Cost of road and equipment.. ..902,654.667
5293.099,053
Becnrltles of controlled roads. 10,926,110 '^^^'.OeolfoM
7.910,308
4,394.804
8,088,194
SuDdry Invesinients
4,8s2,965
3,943,269
3,546.037
MaterlalB on hand
13,989,946
Sinking funds
13,493,133
12,673,855
54,40J
1,018,000
^0J.800
Sundry available securities ...
5,190,762
6.348,990
Accounts and bills receivable. 20.9«i8. 160
4,762,400
8,111,097
4,532,795
Cash on hand
Total assets
P. cent.
3,291,551
10000 9,691,514 10000 8,578,608
Total tons
Included above are—
JL'NB SO.
X1903.
$
roJi«.
23 65
31*99
7*46
9-42
6-41
14-39
Products of forest
14.396.190
2,0»tf,083
BALANCE SHEET
Tear endingJune 30, 1902.
-
June 30, 1903.
4S7,400
769.4^5
•8,834,571
1289
Wabush Railroad.
(Report for the year ending June SO, 190S.J
IMOOMB ACCOUHT.
190203.
Vet
—
1
:
.
340,945,259
&
& Sasqnehanna
Q.
BR. and
325,165,030
&
O. B.
Q. Ry.
Freight
Gross earnings
$91,634
42.747
13,089
81-56
$74,732
40.048
7,862
9369
$270,112 $147,470 $122,642
83-16
$1615,366
Paeseufter
Mall, express, mlecellaneous, etc.
82,796
20,95
.
Expenses—
Maintenance of way
Maintenance of equipment
ConductlDg transportation
General expenses
$11,829 55-63
14,836 138-38
40.999 9907
4,907 54-18
$33,092 $21,263
24,697
10.361
82,384
41,385
13,964
9,057
$154,137
Total
60-00
$72,072
$82,065
87-82
INCOMB AND PROFIT AND LOSS ACCOUNTS TBAK ENDED JUNE 30, 1903.
Net earnings
»115,975
Deduct —
Ballroad.
(Report for the year ending June
Atlantfc & BlrmiDgrham Railroad.
(Statement for the year ending June 30,- 190S.J
We have been favored with the foUowiag comparative
statement for the years ending June 30, 1903 and 1902, with
balance sheet:
1902-03. 1901-02. Increase. P. C
Earnings—
$37,119
Interest
5,513—42,682
Taxes
SO, 190S.J
On pages 1801 to 1304 of to-day'e Chronicle will be found
the remarks of F. H, Goodyear, Chairman of the board
also the balance sheet, income account, profit and loss account, traffic statistics, etc.
Statistics.— Th^ comparative operations, etc., follow
Net income
Balance June 30, 1902
$73,343
109,170
;
Average miles operated.
Operations —
1902-03.
1801-02.
172
172
190001.
165
275,545
Pas. carried (revenue)...
Pass'gers carried 1 mile. 4,320,556
Av. rate p. pass. p. mile. 2-957 cts.
237,466
220,443
3.821.263 3,602,413
2 919 Cts. 2 844 cts.
Freight (tons) oar
1,116,526
do
do
(rev,).
1.339,182
p. pass, train
mile
Earnings
Freight
PasaenKCr
Mall, express, etc
Total
206,890
1,221,566
one mile. 43,517,126 37,767,996 82,273,964
Av. rate p. ton per mile. 1-896 cts.
Gross earnings per mile. $5800
Earns, p. freight train m. $23965
Earns,
1.016,804
189900.
162
—
Expenses
Maiut. of way, etc
Malnt. of equipment
Conducting trunsport'n.
General and taxes
Total
of expen. to eamings
P 0.
Netearninga
Add other income
Total
6801
1-840 cts.
$4,844
$2-2914
50-16 Cts.
694,7.=)7
43 65 cts.
$
697,100
127,770
48,053
111,559
29,432
102,471
22,395
614,707
93,046
25,238
1,000,752
835,748
721,966
732,991
150,028*
111,911
222,269
84,u84
111,287
109.134
189,039
69,018
97,627
79,668
174,231
68,876
81,735
78,876
169,000
65,390
568,292
478,478
420.401
(56-79)
(67-25)
(5S 23)
432,460
100,335
357,269
37,672
301.665
6,427
347,990
632,796
394,941
307,993
347,990
147,903
148,662
69,732
53,794
79.736
32,950
(5)76,900
$
Rentals and miflcell'ous.
2
1063
24,712
Dividends on common.. .(6) 175. 900 (5)175,900(614)93,975
do
preferred... (j)£ 0,983
Total
Surplus
374,788
168,007
325,625
69,316
CONDENSED BALANCE SHEET
1803.
Atiett—
•
Road and equlpm't 6,223.223
Leased
linei)
...
1^3, 00
Cap. si'ckli. trea»'7 2.037,601)
Batr k Siisq. Coal
.
*CokeCo
2,008.145
BinklDf: fund
8u». & So. Hdv'nc's
Fuel, mat 1 & aap'B
4ii,6<.0
400,i.t0
210.7 69
Dnexp'n'd proc'ds
bond
sales.
385,001
(52-52)
TJnexpend. prcc'ds
oJ prel. stock
1.025.000
MlgcelJaueous
Total...
-V. 77. p. 848. 346,
242,380
105,610
1908.
t
1902.
Capital stock, com. 4,656.600 4,655.5?0
l>-3,
, Oi 4.' 00.0011
do
pref. 4.'
4,037, SCO First mortgage 5s
358.50U
4tf8. 00
First retunding 4s. 3,809,000 3,142,00u
678,,426 Unpaid pay-rolls ..
2(J.31U
2j,642
57,,109
Coupon Interest
and unpaid
68,505
65,422
1=8,,822 Giber cos. & tndiv.
63,736
127,509
Accrued interest
819,,513U,
on funded debt..
6,225
4.456
1 '2,458
lAccrued taxes
16.232
fi8f> .000
Dividends
44,312
43.9 5
.731 Miscellaneous
60.1-27
81,1»1
Front and loss
516,277
886,918
6.138,,194
,-,i.
.
319,513
Cash
Due from oth. companies and iadiT-.
hinMUUes—
8«6.553
184,812
111,6«2
111, ,938
87, 2^0
,13,040,987 12,909,t; 52
Total
>••••••*
June 30, 1903
BALANCE SHEET JUNE 30, 1903.
loss surplus
Assets-
$88,613
Liabilities—
$700,0 00
RR. and appurten'es... $2,235,856 Preferred slock
Equipment
134,441 Common stock....
Hash
31,094 Prior lien bonds
1,228 Mortgage bonds
U. 8. Government
Station agents
Due from
cos. &lndiv'lB.
Total
JTJNB 30.
1902.
»
188,419
119,574
and
$182,518
93,900
9,339
9,542
4,345
3,493
2,^86
Vouchers, etc
Bills payable
Interest aocr'd, not due
Profit
and
loss
Total
.$2,431,724
.
700,000
150,000
893,000
61,037
130,499
18,575
88,613
$2,431,724
-V. 77, p. 87.
Deduct—
Interest on bonds
Blnkliig funds
Profit
.
Material and sopplles...
Claims unadjusted
Insurance unearned
1-850 cts.
$4,384
$2-139
$
824,929
cts.
Less stock dividend.
..13,040,98712.909,652
Central of Georgia Railway.
(Report for the year ending June 30, 1 90S. J
Chairman J, N. Hanson says in substance
Financial.— The company has no floating debt. During the year
the company sold to the Atlanta Terminal Co. 10*01 acres of land in
:
Atlanta for the price of $558,006 for use in the erection of a union
passenger station at Atlanta. This property was covered by five of
our mortgages, and was released on condition that th'i proceeds of the
sale should be expended only in improvements and betterments to the
main stem and the branch from Gordon to MllledgevlUe. This fund,
less some minor deductions therefrom on aoonunt of expenditures so
far made, appears on the balance sheet as "Improvement fund from
sale of Atlanta property."
The Increase ($i48,429) In "equpment under trusts" Is the result of
the pnrchs.se during the year of 500 bux cars and 11 locomotives
under eqaipment trusts.
There has been no change during the year In the miles of road opera'ed.
OOBAN Steamship Co —The new steamship
City of Macon has been
service. Two additional shipa similar in class
the Central of Georgia Railway Co. issuing Its
own obligations for deferred payments thereon, endorsed by the Ocean
Steamship Co The Ocean Steamship Co. has agreed to purchase these
ships from the railway company, has assumua thn payment of these
obligatluns. and will meet them as they shall severally mature, and
will also reimburse the Central of Georgia Railway Co. on account of
Its cash payments thereon.
The operations of the company during the past year have been satisfactory; but, as many of the ships are old. it has adopted thn policy of
using Its resources in strengthening Its fleet by the addition of new
ships of a class better adapted to the economical handling of its business. During the year the steamnhlp City or M-tcon. built In 1877 and
belonging to the New England & Savannah Steamship Co., was sold.
completed atd
Is
were contracted
now in
for,
President John
M
Egan says
:
Genbbal Results,— Th« revenue passengers
carried during the
year Increased i9^<,075, or 8-01 per cent, with an increase In revenue
passengers carried one mile of 4,246,273, or 5'26 percent. The revenue freight carried increased fc98,70{ tons, or 2138 per cent, with an
increase In tons one mile of 106,074,4u4, or 22 50 per cent. Increased
cost of material and supplies Is responsible for Increased operating
expenees.
Maintenance, Etc— Cross-ties to thenumber of 950,285 were placed
in track during the year. Stone, slag, gravel and cinder ballast were
placed under 11 miles of mainline track; 126 trestles, agg regatlng
THE CHRONICLE.
1290
2*05 miles, were tilled with earth and suitable waterways provided,
at a total co«t ot iSS.^^i.. Ten thousand tons of 'SOpound steel
rsills were oontraoted for; 7,9c)4 tons of rails, received on previous
and this yeai-'s purohases, were placed In track, aggregating 63 35
miles
Oknebax Rkmarkb.— Daring the year there were located on or adjacenttothe railway 26i ludustrlen, representing 3d lines of manufactories, capitalized at $3,056,050, furnishing employment for 3,987
persons. The dtversltlcatlon of crops by the agricultural communities
J8 receiving due oonslderatli>n, ami the use of modern f armini; tools
and appliances is produolug benettdil results. The horses, cattle and
hogs now being bred on the farme ohow a marked Improvement In
quality. Success Is attending the cultivation of fruits ami vegetables.
New peach and plum orchards are being planted. Duriuu the past
vear 2.057.142 trees have been added to the orchards along the line.
Improvement Is also noted In the quality ot the products from the
mauntaotnrlng Industries.
Uam/nga.— Operations, earnings, balance sheet, etc.,
OPKBJLTIOMS AKD FISCAL RBBITLTS.
1901-02.
1908-03.
1.845
1.846
AYftr.mJles operated
Ope'atiom (rev iraf.only) —
!<,67.'i,496
2,476i4ai
Passengers carried
84,908.112 80,661,839
Pass, carried 1 mile
2-226
cts.
360
ots.
3
Bate p. pa- 8. p mile
Rev. freight (tons) car'd. 3,965.147 3,258,444
Rev. fr'ht (tons) oar I m.577581852 471487448
1-091 ots. 1-129 ots.
Bate per ton per mile
163
190
Av. rev. train load (tons)
§1-9070
Earns, p. fr-ght tr'n mile §21331
$00814
Earns, p. pss-t tr'n mile. $0-8465
Earns, per mile Of road.. $4,968 08 §4.20167
437060554 365901969
1096
163
$1-S158
$0*8616
§4,124 85
retired,
ots.
§
§
§
2,004.004
6,302,314
360,295
497,867
1,795,502
5,322,039
286,029
348,121
1,641,882
4,660,105
263,460
375.268
1,375,433
4,010,059
243,428
457,343
9,164,471
7,760,691
6,920,715
6,086,363
were decreased $57,416, as
notes leaued for 10 engines.
(principal)
$167,136;
Of the total tons (1,743,913) carried in 1902 03 (against
1,682.598 in 1901-02), bituminoas coal furnished 1,087,488
(against 1,096,918 in 1901-02), being 63'40 p. c; average
freight rate per ton per mile, '477 cents, against '461 cents in
1901 02; train-load, 445 tons, af^ainst 899 tons in 1901-02;
earnings per freight train mile, $2 12.
BABKINOS, EXPENSES AND CHABOBS,
1902-03. 1901 08. 1900-01. 1899-00.
Xamingi—
S
Passenger earoinga
230,198 176,526 162,152 136,698
Freight
939,164 888,729 783,503 595,935
Mall and express
22,609
82,360
19,087
18,986
Mlscellaneoas
93,448
8,495
9,883
7.660
Sipenua —
Mai Dt. of way and
2,146,567 1,789,665
70,478,463 60.806,409
2'330 cts. 2'269 ots.
2,708,915 2,457,977
1*064 ots.
Equipment trust obligations
foUowe: Notes
$99,720.
Total gross
1899-00.
1.539
148
$1-7043
$0 8055
$3,954 38
§
—
.Samtn04
Pa«8euHer
Freight
Mall and express
Mlsoellaneous
1900-01.
1,678
;
were
[Vol. lxxvii.
1,885,171 1,096,369
924,624
759,069
275,288
265,203
545,574
23,819
233,421
144.322
450,160
24,301
168,848
146.680
357,407
24,392
166,892
107,482
300.763
17,881
1.109.883
176,287
7,112
852,204
244,165
7.148
697,324
287.300
6,800
582.023
177.048
6,800
182.399
98.760
99,724
43,268
261.303
98,760
42.0S4
34,l54
234,100
98,760
24.949
30,344
183,846
98.760
10,831
21,377
241,752
def59,353
174,948
76,365
169,053
76,047
130,968
62,878
structures.
Maintenance of equipment...
Conducting transportation...
General expenses
Total
Net
Mlaoellaneoas Income
Total income
Interest on funded debt
Other interest (Incl. eqaipm't)
Taxes
Total
Balance, aurplas
OBNEBAL BALANCE SHEET JCNE
Total
Expenttt—
Maintenance of way, etc. 1,857,769 1,441,129 1.242,231 1,002,833
605,721
831,796
Malnfce of equipment .. 1,416,221 1,022,316
Conducting tranepott'n.. 3,218,651 2,779.083 2,443,462 2,143,865
245,279
330,092
288,561
260,659
General
213.410
269,817
269,471
208,667
Taxes
7,092.549
8,800,610
4,991.558
4,206.405
(77 39)
(74-84)
(7212)
(69-11)
2,071,922
198.414
1,960,181
Other iQCome
201,674
1,929,157
187,359
1,879,858
231,463
Total
2,264,336
3,161,850
2,116,516
2,111,321
Total
P.
o.
of op. exp. to earns.
Netearnlnscs
Vtauet—
Interest on funded debt. 1,663.900 1,663,900 1,568,587 1,536,820
350,104
46,824
Rentals
Mlscellaneoas
350,104
2,060,828 2,028,915
203,508
122.940
(5)200.000 (3)120.000
Total
Sarplns
Dlv. on 1st Incomes
Balance for year
3,508
OBNEBAL
BjLlJlMCE
SHEET JUNE
Cat^h in transit
Due from agents
Individuals and companies
Due from U
8.
Government
966
1,353
1902.
1901.
§
$
53,475,114 63,475,114 48,588,184
«5,100
178,137
526.566
769,810 5,037,722
315,371
254,749
424 687
2^8,199
58,77>'
66,481
85,371
854,636 1,195, «03
1,271,902
93,005
45.583
98.909
66.6,50
67,782
72,522
250,099
190,690
377,008
67,425
58,254
66,750
11,7''9
Traffic balances
392,650
Notes receivable
landed debt
Interest on funded debt
Taxe».
^
Vouchers audited
Payoheiks
Interest and rentals due
Reserve fund
Improv-ment fund
Eqalpment trust obligations
Miscellaneous
Profit
and
loss
9,694
5,000,000 5,000.000 6,000,000
48,646.000 49,146,000 48,646,000
334,425
334,425
334,425
128,012
112,480
132,237
279,7:-!0
201,589
356,873
233,132
268 053
305,141
97.298
108,352
105,892
440,647
475,603
798.576
667,162
178,768 > Canaan,
526,566
'^^'^^^
128,097
100,318 5
200,472
122,893
206,180
67,096,850 66,029,057 65,562,037
Total
—V.
40
57.096,850 56,029,057 55,562,037
Total
Liabililiei—
Capital etock
77, p. 1224, 348.
Kanawha & Michigan Railwaj.
Report
for the year ending June SO, 1903
f
Presidant N, Mon^arrat says in eubstance:
Gbnebal Rbsclth.— On June 7, 1902, most of the coal miners In the
Kanawha Vali»<y went out on a strike, and did not begin to return
to work until Oct. 8. For several months there was a comple:e bus
pension or worK at most of the ooal mines and at all of the c ke
-
ovens on the line of your road. Sabseqaently, and until April, 190 <,
work at the mines was very Irrgeular. The consequent interruption
to the CDal and coke trafflo. and to the movement of merchandise and
passengor.s dependeot upon these Industrie*, occasioned such a very
large loss of revenue that the ratio of operating expenses was abnormally Increased, and a deficit of §59,353 resulted from the year's
operations.
Improvements.
Additiows,
Etc. -Operating
9.785.807
2.-<!l»,56a
!j.80d,5l6
st'k owned ,3,0OJ,OOO
79.818
3,000,000
95,252
35,894
80,182
10.029
8,703
11.807
.8,681
88,630
8,e08
18,065
2.201
AaaeU—
Road, etc
Kqutpinent
Bond6&
,
Mal'l aad supplies.
Casb. cash for coupons, etc
Aftents and condnrtors
D. S. P. O. Depart't.
Rnads. Individuals
and companle s...
Unexpired Ingor'ce,
Total
—V, 77, p. 883.
SO.
1902.
UabUititt-
$
15,309,517 16, 143,760
Capltal stock
1903.
1008.
$
•
10,000.000 10,000.000
8.4'-9,0i0 2.460,000
rtitaee debt
Equip, oblleat'ns. 1,560.<93 1.617.000
Unpaid waeea
C)4.3.SS
40,965
Dmtts in (ranslt...
2,6-8
S.4t«
CoapoD interest...
1,»4U
1.680
Road8, iDdlv &COS. 181,703
286.818
Accrued Interest..
67.080
82.868
Accrued tHxes. ...
14.554
10.723
Reserve funds ....
J5.030
Beit. & equip, loan
92'S.OOO
675,000
ProUt ana loss. ...
9,H«1
81,500
.
M
,
Total
Ib,a09.617 16,143,760
Cincinnati Hamilton & Dayton Railway.
(Report for the year ended June 30, 1903, J
President M, D. Woodford, says in substance:
Mileage.— During the year the mileage of the system was increased
by the addition of the Indiana Decatur & Wepteru Ry. (282 75 miles),
•which was consolidated with the Oinclnnati Hamilton
Indianapolis
RR.. forming the Cincinnati Indianapolis & Western Ry and also
by the addition of the Plndlay Ft. Wayne & Western Ry. (80*74 miles),
&
,
30.
$
Investments
Materials and supplies
Deferred apsets
Cash In hand
418,637
27,998
1,915,163 1,980,355
130.966
201.353
(5) 200,00a (3i4)130,000
2,940
1903.
AsieU—
Boadand equipment
Equipment trusts
347,902
8,674
14,911
1903.
t
0,928,870
expenses
were
ohartjed through the rennwal reserve fnad with the following extraordinary items, VIZ.: For the purchase of 4 new switch engines,
$53 911: for 6 new cabooses and '£ tool oars, $5,333; total. $59,243.
Seven hundred and fifty fivt-, tons of new steel rails, weighing 7o lbs.
per yard, were laid upon 7 miles of main track, the cost being charged
to operating expennen, together with $11,000 of the $71,000 men
tloned In the last report as part of the extraordinary rail renewal of
the previous year. Thirteen miles were ballasted with grave'; 16
trestles, at^gregatloK 1,7.'0 feet lu length, were filled and converted
Into embankmeot, and 20,000 cubic yards of riprap used as protectl
against Kanawha River fljods, the cost being charged to operating
m
ezpensHH.
The expenditures Incurred for capital account aggregated $249,837,
viz.:
For the purchase of 3 passenger engines and 5 consolidation
freight engines, 9 103,670; tor other additions and for Improvemeuia,
§146,267.
operated under working agreement. The tlgurf s herewith presented
cover this entire mileage, both aa to operation this year and laet year.
General Results —The figures show an increase of gross earnings
of :|U02,5u6, or 12'72 p. o., an increase in operating expenses and
taxes of $704,876, or 14-41 p. c, and an Increase in net earnings of
$197,629, or 897 p. o. The nnaber of passengers carried one mile
increased 5*81 p. o. and the earnings therefrom Increased 6-14 p. c.
The tons of freight carried one mile increased 15*30 p. o., while the
earnings therefrom increased 15-32 p. o. The earnings per freight
train mile increased from $197 to $2 09, or 584 p. o. The average
train-load of revenue earning freight waa 309*71 tons, as against
2i)2 82 tons in previous year.
The transportation expenses have been very largely inoreaaed by
the higher prices paid for labor and material of all kinds. In fuel for
locomotives this increase was $112,09'>, or nearly 22 p. c. Taxes increased $40,387, or 17 p. c, largely owing to the additional excise
taxes imposed by the last legislature.
Maintenance, additions, etc —The year's expenditure for maintenance of way and structures was $784,621, au iuorease over previous year of $40,446. which Includes 8,440 carloads ot ballast, covering 56 miles of track; 5,9^0 carloads of earth, filiiog trestles, etc.;
215,114 oross-ties in track; 3,466 gross tons new 701b. steel rails In
track, etc.
The cost of road
was increased daring the year $386,271. covered
by the following expenditures: Masonry and steel in place of
wooden bridges, $t)5, 3 -.6; new fuQjiog and water stations, $16,715;
marine ooai-loading station, Toledo, $76,318; naw terminal yard, £ast
Toledo, $32 9^6; new side tracks. $131,848, etc.
The cost of mainienanoe of equipment for the year was $925,608,
being an increase of $132,898 over previous year. Two hundred and
twenty two freight cars were entirely rebuilt at the compauy's shops;
46 old oars of small capacity were retired from the service.
New freight cars were acquired and charged to new equipment as
follows: 400 standard coal cars, 36 tons capacity, purchased at cost
of $^51,066; 112 Bide dnmp ooal oars, 15 fiat oars, 7 cabooses and 1
gravel spreader were built, costing $76.77i; 8 new 10-wheel freight
locomotives and 2 lOwheel passenger loonmotlve.s were purchased at
cost of $134,600, and the cost thereof ohirgnd to equUiment; 8 new
locomotives, 1 parlor car and 2 coaches are under coutract for delivery durluK October and November.
Daring nlmost the whole twelve months covered by this report the
freight irafiio of the system has taxed the exis Ing equipment and faUnder these couduions large addicilities to their utmost capacity.
tions thereto became Indispensable, especially as to terminals and
chiefly
I
points ot Interchange. Further outlaws of this charnoter are now In
progress or under consideration at Cloclnnati, Toledo, Indianapolis,
Hamilton, W^ellstou and oiher points.
Contbollbo LINE8.— The ooDsolldatlou of the Oinolnnati Hamilton
& In ilanapolis RR. Co. with the Indiana Decatur &, Western By. Co.,
furmiug the Glnulnnatl Indianapolis & Western Ry. Uo., was oon'tnmmated as of Sept. 1. 190^. The cousoiiaaied oomp tn? has an authonztd capital of $8,200,000 common stock, of which $7,1 15. 80i> has
been Issued in exchange for the Blocks of the ooustUueut companies,
aud is all in the treasury of the C. H, & D Ky. Oo.
The Oinolnnati Indianapolis <& We^ttern Ry. Oo. created a first and
refunding mort«<aKe authi>rlzlng the Issue of $8.^00,000 of 4 p. o.
bonas, of which $i, 500,000 have been Issued and delivered to the
Cincinnati Hamlltou & Dayton Ry. Co lu cousideratiuo therefor,
the iast-n-imed company, beiUft the owner of $7oo,uOJ of the O. H. <k
I. first 7s and all of the $<i,000,000 of 0. H. & I. geueral 5s, canceled
the same and provided funds for payment of the $i,800,ouO of O. H.
&, I. ('• held by the public, at the maturity there <f, on Jan. 1, 1908.
or the $3,700 OOU of O. I. &, W. bonds authorized but not Issued, a
fufiiolHUt amount must be held for the retirement of the $3, 162,000 ot
Inaiana Decatur & Western Ry. 5 p. o. bonds now outstanding, which,
when accomplished, will make the C. I. &, W. bonds a first lien apon
—
J
Oct.
,
THE CHRONICLE.
24, 1903.J
that oompany'B property, as they are now on the line from Uaiuilton to Indlunarolls.
„ „ „ , _
For the purchsBe of the $1,800,000 of raatarlnK C. ri. A I. 7 p. o.
the
Clnolnnatt
HampnrpoBes,
other
for
bonds above nferred to and
ilton <k Dayton Rullwav Co. placed Its duly authorized Knaranty
upon 2,310 of the C. I. A W. bonds in Its treiisury, and sold the same,
credltlnj? the difference between purchase and sale to oa«h acoonnt.
The above leaves 2,190 of the O. I. & W. bonds in the O. H. A D Ry.
Co. treasury and rednoes the annuallnterest oharice nearly $3iS.000.
The Flndlay Ft. Wayne & Western Ry. has been trauBferrel by the
purchaser at foreclosure 8al«< to a new company, the Olnolnnatl Flndlay & Ft. Wayte Ry. Co., and the road Is still operated by the O. H A
D. Ry Co., Us op«-rat'ons being Included la the statistics of this report. You win be aeked to vote upon the question of a permanent
lease of the property at the approaohlug annual meeting. It has
proven a prohtabie addition to the system.
1003.
$
1902.
t
W.RR.87.ieo.385 87.242,916
.
fignres of operations, earnings, charges
sheet compare as below:
The
and balance
A»$tU~
Capital stork s\ibglrtlary comp'los.. 3,660,C00
Securities for Midland Kit. stock
and bondii
MiHCel. securities..
Marer'lsjt supplies
SiDkInK
Cash
3,40^,648
95.5^37.209
1-84 cts.
6,979,236
6,331,469
7,74>4,624
880,652,636 720.431,267 667,005,738
Tons frelghtmoved
Tons moved 1 mile
ots.
0-67 cts.
067
$0-8561
$2-0904
309-71
$0-7506
«1 9750
292-82
•0 7216
067
Aver, earns, per ton per mile
PasBsenger earns, per tt'n mile..
Freight earns, per train mile
Aver. No. of tons fr'gbt in train.
Earningt —
Freight
Passenger
Mail
Express
Mlsoellaneons
Total
Ezpen*e»—
Maintenance of way and straotnres
Maintenance of equipment....
Conducting transportation
Ueceral expenses
Taxes...
...
Total
Net earnings
ots.
$1-9^17
287-38
190102.
1902-03.
$5,606,419
1,972.481
182,403
149.218
86,702
$4,861,212
1,858,311
179.947
141,187
54,060
$7,997,223
$7,094,717
$784,621
925,608
8,885,587
220,110
279,608
$744,175
792,710
2,9?4.359
190,193
239,221
$5,595,534
$2,401,689
$4,890,65S
$2,204,059
Dedxut—
$1,065,671
Interest on bonds
96,900
Dividend on preferred stock D. <fe M. RR
RR
84,066
Dividend on common stock D. &
Home
Ave.
RR...
4,000
Dividend on common stock
Ry...
389,229
D.
Dividend on preferred stock C. H.
$1,041,466
96,900
84,067
3,268
389,225
M
&
$1,629,768 $1,614,926
$771,922
$589,134
Total
Burplus
OBNEBAL BALANCB 8HEBT JCNB
1902.
1901,
$
$
$
Attett-
Koad and equipment
Leased and proprietary lines
Slocks and bonds owned
Mat«»rlal8 and snpplles
Current trbfflc account
Cash and cash assets
Total assets
—
Liabilities.
Btook (see 1BVE8TOB8' StJPP'T)
Bonds (pee Investors' Supp'T)
Accounts and bilis payable.
Vouchers and pay rolls
Interest and dividends
Surplus income
Total Uabilitles
-V. 77, p. 1225, 768.
30.
1903.
22,320,719
3,624,143
6,279,364
605,241
206,481
1,269,187
21,605,930
3,774,201
4,724,014
348,765
535,970
1,441,019
21,194,334
3,715,873
4,531,974
321,089
620,721
1,446,471
33,805,135
82,429,899
31,830,462
16,000,000
12,295,000
350,349
983,937
412,065
3,263,784
16,000,000
12,295,010
388,060
775,882
2,677,898
16,000,000
12,295,000
400,300
615.007
349,541
2,170,614
33,305,135
32,429,899
31,830,462
348,5fS9
(Report for the year ending June
results for four years
cond'rs, lndlvB.,&o.
Railroad.
SO, 1905.
have been as follows
190102.
$
1902-08.
Eaming$—
Freight
Passenger
Mall, express, rente, etc
1899-00.
2,683,026 2,683,927 2,504,887 2,682,115
Expeniis—
structures.
Maintenance of equipment...
Conducting transportation...
General expenses
Taxes
209,415
231,360
845,786
47,953
50,328
268,679
241,131
806,744
26.980
66,355
282,299
277,632
843,484
24.456
79,867
190,456
356,242
842,077
27,223
80,768
Expenses— Railroad
1,384,842 1,399,890
Expenses—Other operations..
84,403
67,965
Total expenses
1,469.2*5 1,467,855 1,457,638 1,468,766
Ratio of expenses to earnings (54 76)
(56-81)
(58-19)
(56-80)
Net earnings- Railroad
1,241.714 1,144,979
Net earnltiKS-All operatlonB.1,213.782 1,116,073 1,047,249 1,115,349
Interest and dividends
83,957
32,622
29,670
26,007
Total net income
1,247,739 1,148,695 1,076,819 1,141,356
Charges —
Interesi on bonds
844,905 848,724 854,452 858,923
Sinking fund, rentals & misc.
75,087
76,884
75,786
77,361
Additions and Improvements.
22,083
2,727
942,075
805,664
927,335
221,360
930,238
146,681
936,284
205,072
Uln 1902-03 and 1901-02 the items here given under "Earnings and
Expenses" make a proper comparison for 190001 and 1899-00 they
also compare; but the latter two periods do not compare with the
former two, owing to changes in the method of accounting.
;
16,068,000 16.118,000
613,307
643,337
680,708
4,;<60
63,001
61,381
accrued, not due.
Interest & rentals.
Pay-rolls
IB^.TOO
118.670
7«,126
164.790
117,907
44.579
a^.SOl
Aud.vouch.&acc'ts
97,9rf8
Uuu connect, lines
Due subsidiary COS.
WI.446
8e,8''3
1,-237
2,290
89,867
720.476
Res. fuiids.aialnt'oe 117,^90
ae3,oe4
97,238
and
Profit
1,024,1x9
loss
Total
41,347.473 44,027,208
77. p. 951.
Toledo
& Ohio
Central BailwaT.
(Report for the year ending June
SO, 190S.J
President N. Monsarrat eays in substance:
Operating expenses were charged through the renewal reserve fund
with extraordinary expenditures for equipment a»KreKat!ng $135,903,
viz: For the purcbase of 3 passenger enginep, $37,125: 5 switching
engines, $59,167; 4 passenger coaches, $33,069; for rebuilding 14
caboose oars, $6,542. Five hundred tons of new steel rail, weighing
80 pounds per yard, were laid on the Western Division between
Columbus and Mounds, 4 miles; and extensive renewals of croestles
(231,6 'S) and ballast (55 miles) were made, together with other considerable renewals and Improvements charged to operating expenses.
The following expenditures, aggregating $620,242, were incurred
for capital account, viz.: Purchase of 20 new consolidation freight
engines, $270,389; additions and improvements. Including yards, buildings, sidings, etc., $i75,196; additions and Improvf-ments on St. Marys
Branch, $74,657. The equipment trust obligations (principal) were
decreased as follows: Byjiotes retired during the year, $319,938; less
notes issued daring the year for 25 engines, $258,896; net decrease,
$61,042.
Of the
4,667,158 tons carried during the year, $3,208,957
was bituminous coal; in 1901-02 bituminous coal
afforded 2,532,478 tons.
SiafM^ica.— Following are comparative tables for four years.
(68*76 p. c.)
OPERATIONS, EABNIVG8, BXPENBB8 AND CHAEOEB.
1902 08.
Miles oper. June SO.
436
Operations No. of pass, carried.
852,416
No. of pass car. 1 m. 80,997,493
1-64 cts.
Rate per pass. p. m.
Tons moved
4,667,133
1901-02.
1900-01.
1899-00.
436
4:^
871
751,151
722,135
22,463,143 22,815,590
1-88 Ota.
1 941 cts.
l-79« cts.
3,857.632
3,392,021
3,097,116
Tons moved 1 mile. 635,421,336 496,183,180 436,923,212 410,801,295
0-453 cts.
0-453 OtB.
Rate per ton p. mile. 0-438 ots.
0-441 Ots.
Av. train load (tons)
469
382
367
359
Earns, p. pass. tr. m.
$0-69
$0-57
$0 67
$056
Earns, p. fr't tr'n m.
$2-06
$1-73
$166
)|»l-58
Earningt—
785,830
25,410,710
$
9
$
Passenger
$
623,545
2,789.306
133,896
490.801
2,249,834
1,980,1'^0
137,0-<!3
155,492
410.253
1,811,042
147.676
Gross earns, from op.
Expeiues —
3,446.747
2,877,658
2.671,722
2,368,971
Way and
541,280
606,766
1,329,797
62,841
128,143
394,748
58^,789
1,129,441
62.125
106,374
363,082
465,963
277,618
361,912
886,204
60,335
86,661
2,667,826
^78,477
1,936,633
(7530)
635,089
7,424
1,622,720
Freight
Mail, exp.
&
misoel.
structures.
Main, of equipment.
Transportation
General
Taxes
Oper. exp.
& taxes
P.O. of op.ex. to earn.
(77-35)
(79-08)
Net earnings
Other income
778,921
31,938
599,181
17.589
Total
436,050
957,>-35
64,310
85,498
(68-66)
746,251
13,189
810,859
616,770
642,513
759,440
Mlaoellaneoas
402.005
60,887
23,041
401.000
63,943
13,228
880,667
35,748
15,743
372,74S
17.130
8,009
Total
Balance, sorplns..
485,433
325,425
477,166
139,604
432,158
210,365
397,884
861,656
Deduct—
BALANCE SHEET JUNB
$
$
$
2,116,828 2,079,054 2,059,710 2,125,143
410,782 401,858 384,447 396.061
98,944
63,966
60,730
60,911
Total earnings
Total charges
Surplus
773,878
1903.
Earnings— Railroad
2,626,554 2,544,868
Earnings— Other operations.
66,472
39,059
way and
B4«,336
6B»,84^
63,365
66,400
:
1900-01.
).
Sink, fuuils nccr'd.
Iniereiit ,.t rentals
...41,y 47,473 44,087.206
Total
H EABKINOS AND EXPEM8BS.
Malct. of
E43,S0fl
S»19,8I5
108,4 fi;^
69,2415
Interest on bonds.
Int. on o*r trusts..
New York Sasqaebanna & Western
INVK.8T. SITIM>.
Bqulpnaent trMMts.
and
tiaad
1902.
UablUtiet
»
$
Stoclnsee In. SlJP.)X«,000,000 39,000,000
Uoiidcd debt (aee
Sl'kSctb'uds called
8,580,000
U.S.Oov.,aKent8A
-V.
—
unds
>
In
In transit
30.
1903.
N.Y.Susq.A
Securities pledeed
under mortgages 1,278,860 1,283,896
OFBRATIOMB, BAHNINGS, BXPKN8GS, CHABOES, BTO.
190102.
1900 01.
190203.
971
971
1,015
Miles rallroAd operated Jane SO.
Optraliont
3,520,805
3,827.152
Passengers carried
109.506,153 103,491,437
Passengers carried 1 mile...
1-80 cts.
Aver, earns, per. pass, per mile.. 1*77 ots.
1291
CONDBN8BD BALAMCB SHEET JDMB
all
The
.
AS8tt»—
Coot of road and
1902.
$
%
equipment
17,474,396
Bonds and stocks
30.
1908.
«
lAabUitits—
17,051,875
8,806,'"8fl
Bds.(8eelNV.SUP) 8,5u0,000
Car trusts
1,135,862
owned
3,227.837
Mat'als & supplies.
199,584
Cash
162.536
Cash witb financial
auents
80,592
Bi>l8 receivable....
393,795
Road, iod. & cos...
489,472
Ateuts and cond,.
52,050
Miscellaneous
15,303
1x2.678
119,157
80,447
478.525
866.101
37.885
15,101
Int.. coup.,div.,etc.
EquiD.& bet'tloan.
Unpaid laoor
Road, ind. and cos.
Bill reed dis d
Accrued taxes
Reserve accounts.
Drafts
Id transit...
Income account..
Total..
-V.
19C2.
6,FOO.O0O
Stock, common
Stock, preferred... 8.708,000
.22,095,104 21,629,362
Total
.
208.485
672.305
142.5'Jl
890.598
S(B,a -5
5^,889
107.953
11.214
557,584
$
6,500.000
3,7O8.0C0
8,t0 ,000
l,196,k04
169.Vh2
672.305
1^0,603
822,i33
18i!,81l
4i'.H88
80 898
5,774
211,475
..22,095,101 21,628.862
77, p. 825.
Company.
(Report for year ending June SO, 190S.J
Extracts from the annua' report are Riven on pages 1806
and 1307 of to-day's Chronicle.
Statistics, — The earnings and expenses, income account and
Pacific Coaat
balance sheet have been as follows
:
EABNIN08 AND EXPKN8B8 FOB TEAR 1902-03.
Department—
Paolho Coast Steamship Co
Qross
Expenses
earr, ings.
earningt.
$
aaU taxes.
$
3.598,959
3,081,614
517,845
Net
Ball lines
116,307
Oo
Columbia &Puget Sound RR. Co... 521,251
Port Townsend & Southern RR. Co.
12.389
Coal department
1,261,060
Lumber, grain, rentals and misoel ... 106,787
Paclflo Coast Ry.
Taxes
Total
5.606.753
92,258
24,050
227,599
293,652
14,703 def. 2,314
876.488
375,672
30,684
76,102
72,4ai def. 72,431
4,394,777
1,211,976
THE CHKONICLE.
i'Z\)2
[Vol. Lxxvii.
ISCOME ACCODXT— ALL COMPANIES.
1»02-03
$
1901-02.
190O-O1.
i
$
5,606.7!S3
.^,137,546
taxe8.4,391,775
5,074,207
3,985.516
NetearnlDfte
1.211,978
44.378
Int., dlecoant >fe misc..
1,088,691
41,114
1,1S0.870
52,849
Qroe8 eamlDgA
Oper. expect.
A
Total net income.. 1.256,336
3,986.676
CONDENSED BALANCE SHEET AUQ.
189900,
47,071
1903.
Aisets t
PI'tsA K0Od-wlI1.26,9i^2.043
Spcur's other COS.
18,17S
Cash
2.099,11S
Apcts.ft bills reo. 1.7C5.3l<8
Taxes* Insur'e.
43,»«l
Inventories
1,667,108
152,0'M)
»3,65'J
45,'i00
9
5.290,443
3,885,660
1,404.7)^3
1,189,805
1,203,719
1,461,854
222.300
200,000
25,928
16,376
232.800
223,300
200,000
37,348
19,'84
Deduct—
Interest on boni^s
222,300
Depreciation fond
13,115
21,504
Iniprov'r, equip., efo..
'•Kxhauntlon TaDrt"...
20\000
20.643
19.163
9.907
UncoUeot'ble acoonnte
(5)'76'.250
(5)76;2S0 (f5p,))S2.604
Dividend on 1st rref.. (5)76,2^0
on 2d pref..(!S)acO 000 (4)160,000 (4)160 000 (4i3")173.333
do
on common. (5) 350,000 (4)280,000 (4;280.000 (4)280,000
do
980,854
148,951
888.169
368,187
Total
Balance, sur
978,358
225,363
1,014.676
437,178
COMDKNSKD BALANCE SHEET JUNB 30- ALL COMPANIES.
Attelt—
Property
bonds
etocks
(Icclndliiff
and
1903.
1902.
1901.
9
9
9
of proprietary oompanleB). .16,476,106 16,613,568 16 ,4f<6.461
391.200
389.200
391.200
in trewury
Bonds and stock
1.550.720 1,589,443
231,314
247.339
294.293
299,899
177,886
186,876
20.761
4,189
Caeli
Acconnts receivable
Agency aoo >nnt8
Materials and Buppllee
Ml8oellaneons acconnts
Advances to subsidiary companies
Depreciation and renewal land
,024.989
181.683
330.943
213,122
3,455
269,670
264,720
19,421,025 19,806,499 18,871,523
Total assets
Liabililies—
Btoek (see Ihvertobs' Supplem't). .12,525,000 12,525,000 12,525,000
4,446.000 4,446,000 4,446.000
First mortgaxe bonds
64,180
37,898
Accounts payable
137,411
84 443
125,179
Unpaid vouchers
109,828
116,142
110.051
Unpaid pay-rolls
18,525
18,525
18,525
Interest on bonds
Taxes aoorned
18,443
13,022
8,826
8S. Imp' v'ts &"6xhaastlon" fund...
264,720
485 001
398,232
Miscellaneous
16,410
18,138
151,583
Bnri>lu8 fund of proprietary companies depos'd witli Pao. Coast Co.
482,638
393,682
Profit and loss
1,864,153 1.142,354 1,088,127
Total UabUiUes
76, p. 645.
.19.421,025 19,306,489 18,871,523
—V.
American Maltingr Go.
^Report for the year ending Aug.
The annnal report
31, 1903, J
signed by Robert M, Gallaway, ChairLonis L. Stanton, Treasurer,
and Frederick Uhlmann, Chairman of the board. It says
Oenekal Results.— Our business for tlie year might nnder present
operating conditions be considered normal. There was more malt
and necessarily more barley steeped than In any year since the company has been In existence; but to partially offset this the price of
by-products was lower than usual and that of laoor and fuel higher.
The surplus from the operations of the year was $110,491. This
amount has been credited to proHt and loss, reducing the deficit to
f278,l81 from $688,672 as of Aug. 31. 1903, and $1,389,400 as of
Deo 31, 1899, when the present management assumed control.
SiNKiKQ Fund.— During the year the company derived $112,753
outside of earnings, as follows: Fire insurance. $^8 128; sale of
stable and other real eetate. $14,625. Of this anrioant $112,564 wa^f
man
of the finance
is
committee
;
:
passed to the trustees of the sinking fund, together with $21,0
of
the cnmpany's lunds. the latter amount to equalize the additional
oonsideration received from the sale of the stable property which
wae included in the $45,000 mortgage retained by the company.
During the year $50,2 S 8 was withdrawn from the sinking fund and
used in the purchase of $51,00 >. par value, of the company's first
mortgage bonds and $1.4j5 applied In settlement of tae accrued intere«t on coupons attached thereto. Such bonds were canceled Dy the
trustees, which leaves a balance In the sinking fund of $9^.656.
PiMAHCiAL. — The amount of first mortsagalbondsnow outstanding is,
therefore. $3,810,000. of which $i 52,000. par value, is owned by the
company and held In its treasury. In addition to the above there
have been paid ofl" $200, < 00 of underlying mortgages, the aggregate
amount of which is now reduced to $56,000, from $256, Ouo as of Aug.
31.1302. Of the fund reserved out of profits for depreciation, bad
and doubtful accounts, now amouutlng to $165,817, the larger part is
etlU allowed for wear and deterioration of plants after all losses anticipated from bad accounts have been written off. The company begins its present fiscal year with ^2,099.115 cash in banks and trust
04 mpanles and with total net working capital of $5,629,669.
The
inventories of barley and malt have been taken at a figure under cost,
which Is In both cases below the present market. All the malt inventoried Is aotnally sold for future delivery in excess of the price inventoried.
Considering that the deficit of the company has been reduced in one
year $410,491. after setting aside a substantial amount for depreciation andjbad accounts, it is obvious that if the plan to re-capltaltze had
been suocesafnl, the company would now be In a position to pay substantial dividends on Its preferred stock and all Us obligations for
nnpald accrued dividends to preferred stockholders, now amounting
to $4,043,200, would have been extinguished.
During the year the company purchased all its material for cash it
has no notes or obligations outstanding other than Ita bonds and
Items shown in the balance sheet.
The income acconnt and balance sheet follow:
;
BEBOLTS FOB YEAEB ENDED ADO.
31.
1902-03. 1901-02. 1900-01.
on malt, barley and other prodnots
manufactured and dealt in. over and
above all operating expenses— including iatcrest on securities owned, loans
and balances
,$886,568 $751,470 $721,977
-Ded«ef— Interest on underlying mtgea
$8,043 $14,678 $17,727
Interest on first mortgage bonds
232,339 229,020 240,000
Taxes
67,518
81,505
80,989
Beserve fund to cover depreciation and
bad and doubtful accounts
63,301 102,516
Withdrawn and invested In betterments
and maintenance
104,875
Profit
Total deductions
Net sniplos
$476,077 $427,716 $338,715
$410,491 $828,754 $383,261
Bonds purch'ed
Cash in .>ilufe. fd.
MortKatres
Profit &loss,def.
878.181
Total assets 33.081,533
-V. 77. p. 835, 01.
.
.
1902.
$
27,ll5,?9t
10,600
2.161,863
LdlMUfiw—
903.
19^2.
•
»
Capital stock, pf
14,440.000 14,440.000
do
do C'lra ,14.50l).000 14,600,000
First M.bds ,« p.o 3.8lO,nno a.Hfil.OOO
5«.000
Underly'ff mtjis....
259.000
7.1'52
Accis payaDle ...
16.448
1,61' 1,113
43.130
1.337.136
65,000
11,328
15,000
6^8.673
31.
Accrued ta-ea.
Aoo'd int. on bds.
fund int
Ueserve funds....
Sink,
.
Total.
33,873,086
35884
57,150
. .
..
177.547
57,090
1,159
1 08.816
83.0S4.53S 83 873,086
American Type Fonnders' Company.
(Report for the year ending August 31, 1903. J
President R. W. Nelson says in substance:
Oemebal Rksolts.—The year's business lias been very satisfactory,
the net earnings available for dividends amounting to $337,887, leaving $101,836 to be added to the surplus account after payment of cash
dividends of 7 p. o. on the preferred stock and 4 p. c on ths common
stock. While the amount carried to surplus was less th*n in the precedlni; year, this showing was due in great part to the smiller percentage of profit on sales of certain articles by reason of a judtclons
decrease in prices, and not to increased expense. The sales showed
a very substantial Increase, being the largest yearly sales in the lilstory of the company.
In addition to the cash dividends, there has been paid a scrip dividend of 3 per cent upon the common stock, amounting to $120,000.
This will account for the reduction in surplns as compared with previ-
ous year.
The company is to be congratulated npon the successful flota^on of
a large proportion of the preferred stock offered for subscription
under circular dated. March 11. 1903. The cash received to Aug. 31
amounting to $525,386. and the amount still due as of Aug. 31 on
deferred payments, was $76,974.
During the year the company has purchased and canceled $^0,800
of Its sloklng fund debenture bonds, making a total of $100,000 purchased and canceled to date, being $20,000 In advance of requirements.
New Plant and Improvements.—The new central plant at Jersey
City, N. J., referred to In the last annual report, is now substantially
completed, is strictly fire-proof, and is ready f >r the installation of
the foundry machinery. The land owned amounts to about S^a acres,
and the totHl floor space completed Is approximately 80,000 square
feet, leaving ample ground for future growth. During the present
fiscal year a portion of the plants will be brought from other cities
and Installed, especially those matrices fP'.m which the staples of the
company are manufactured. The general ofBoe, formerly at No. 25
WllUam St., New York City, has been removed to the central plant.
The company has adhered strictly to Its policy of maintaining the
physical condition of its plants at a high standard, thereby enabling
it to manufacture its products at the minimum cost.
To this end improvements to the amount of $88,870, as well as current repairs and
replacements of $90,570. a total of $179,440, have been treated the
same as operating expenses, by being charged off as expense before
showing the net earnings of the year.
Inventories.- The Inventories of merchandise and raw materials
represent actual Inventories which have been valued as follows: Manufactured products at estimated foundry cost; a'l other merchandise
and raw materials as per these instructions: ''Where the cost price
paid is greater than the present cost price, take the present cost
price; where the present cost price is greater than the cost price paid,
take the cost price paid; in other words, take the lesser price each
time."
Statistics.—
A comparative statement for
four years shows
the following:
1902-03.
1901-02.
Cross earnings
Interest Charges
$434,974
97,587
$404,656 $419,033
Net earnings
$337,387
$301,527
Common stock
1900-01.
103,129
dlv. 4 p. c. 160,000
160,000
Preferred stock dividends (7%)75,551 (1%)15.225
$101,836
Surplus.
$126,302
BALANCE SHEET XVQ.
1903.
Assets—
$
$
3.604,318 8,266,688
Merch. & raw mat. 2.160,177 1,975,302
198,479
511,4.'.2
Miscellaneous
Accounts receiv'bl i 796,560
887,858
3ri4,4 19
Bills receivable
436.716
Cash
113,530
226.533
Plant
.
.
.
Stocks and bonds.
Total
-V.
.
320.958
..7.826,732
$323,470 $280,241
160,000
160,000
$163,470 $120,241
81.
1003.
$
1902.
'
1899-00.
$356,156
95.568
75,915
LiahiUties-
1002.
$
Capital stock, com. .4,000,000 4,000,000
964,310
Capital stock, pref .1,648.800
930.800
Debenture bonds.. 900.000
Accounts payable. 171,086
158.884
Bills payable.
394,09s
685 098
.
8.568
Miscellaneous
46,428
48i.388
484,9£0
Surplus
.
.
.
.
7.832.200
Total
7 626,738
7,238.200
77. p. 626.
Craoible Steel
Company
of America.
(Report for year ending Aug.
31,
1903,
President Frank B. Smith says
RE80LT8.—The net earnings for the past year show only $1..
522,550. This result is very much regrett*^d and is due to a large extent to the fact that the management, confident In the belief that
the construction of the Olalrcon Works would be completed la season
to supply them with their raw material at reasonable prices, were
forced to purchase the material In the open market at the high prices
prevailing the first six months of the year. This, In connection with
the heavy reduction in the market prices of raw material during the
past three montha and the necessUy for giving these reduuclons due
consldera'lon In making up the Inventory, will aoooant for the great
:
reduction of profits for the current year.
This condition of affairs will not exist during the coming year, as the
Olalrton Steel plant is now in full working order and able to supply
this company with a very large proportion of its requirements of raw
material.
The plants of the oompauy have been maintained In good oondltlon
and all repairs have been charged to operating expenses. The betterments for the year amount to $326,858.
The export trade referred to In the second annual report is being
vigorously canvassed .by the varions representatives in foreign parts.
With good results.
CoRKEOTiON.—A clerical error in the financial statement for the
ye»r 1902, When verified, was duly reported to the board of directors
and by its instruction was charged to profit and loss account. This
reduces the sarpius to $1,866, I4z as of Sept. 1, 1902.
New Plant.—The new plant for thti manufacture of cold rolled steel
and fine wire located at West Bergen, which was under construction
at the time of the last report, Is now about complete and In partial
operatlOD. It is expected that the near future will find It in faU completion
and operation.
.
Oct.
Tne
THE CHRONICLE.
24. 1903.]
profit
and
accoant ia aa below
l-ROFIT AND LOSS ACCOUNT.
I033
:
1902-03.
i'29'S
CON8OHDATED BAHNCE SHKET JOLT 31. 1903 (U. 8. 0OR8KNCY)
CLUDINO QKEENB CONSOLIDATED COPPER CO.. OANANBA CONSOLIDATED COPPKH CO M. A. BANCO DE CANANEA
AND MERCANTILE DEPARTMENTS.
190102.
1900 01.
Liahililies —
$
>or, <icr> S x3,503,162 3,490,438
p,B2Z,550^
49,306
30.861
Net earnings from operations
Dividends received.
) i
1,522,S50
Total net Income
1.750,000
Less— Dlv. 7 p. o. on pref. stook
Paid to ont*li1e holders Park) Inol. In;)
8t6«lCi). 7 P.O. pref. stook. J oper.exp. J
Amount obarKed
otf
1,760.000
def.227.450
Balance to surplus
X Tbe mistake above mentioned which
S.^&2,468 3,S21,299
1,750,000 1,750,000
16.690
40,341
1.000,000
2,766,690
1,790,341
1,730,968
x785,778
reduced the surplus of
A.nj?.
1, 1902, from $2,199,452 to $1,866,14< would seem to Indicate an
over statement In the profit and lots aooonut of 190l02 of $333,311.
The baiance sheets compare as follows :
BALANCE SnSBT OF AUG. 31.
,
11K13.
AiHta Plant
»
AccounUaad
rccolrable
bills
..
.
3,<ill,349
traota
Caan
X
H
»
Sfoclt, preferred.. 26.n00.o00
2.'>.0tj0.000
Stock,
25,000,0^0
common .35,000,000
MortKiiue & bond
obligations
Aco'nts payable.
2.812
1.13«.»8«
6-..103
ParkStoelCo.acct. 27,919
437,600
Pret.div'd No. 4..
437,500
ProUt and loss.... l.t)38,601 Z2, 109,458
708,B87
material, etu. 7,39U,220 6,'^4e,43U
66,508.007 54,770.727
Total
1902.
3,238.330
Advances on con-
Baw
UabmtU3-
I
42,678.4.39 48,S5,S.7U
1.806.0153
.
1903.
lltOg.
Invest, •ecurlties.. 1,810,312
.
4,403.805
Tot.llabilltles.56,508,007
leo.Too
l,9i4,9?8
p. 148. 1927.
Greene Consolidnteil Copper Company.
pense on the mines $25,000 per month has been appropriated and
826,000 for other betterments, making $90,000 per month which can
be expended in addition to the operating expense. The estimate of
the enperintendents of the ditterent divisions for the monthly expense
is now 9321,000, but we have provided for an expenditure of $400,000 per month. Our gross product has averaged for the past few
months $630,000, wh oh woula give $230,000 to be applied for company uses. ( f course, If copper goes to 12 cents, this amount will be
reduced correspondingly, and If copper goes to 14 cents it will be increased. A depreciation of one cent a pound on a basis of 5,000,060
pounds per month means a great deal, and our friends must take that
Into consideration when asfeing us why we haven't paid the dlvidenda
that we said we were going to pay two years ago.
The actual cost of produolng copper for the last seven months was T^
cents; to that should be added the freight to New York and reduction
expense. Oar sales at present are at 1313 cents per pound. A.11 equipment and development work at the mines will hereafter be carried
directly as operating cost Instead of being put In investment account.
Last year our copper extraction was 130 pounds, or Gig per cent,
counting everything that was handled In the way of ore. The ore
from some of the mines would go 8 and 10 per cent.
All of the work that Is now unaer way can be completed for less
than $600,000. It has been proposed that the plant be Increased, but
1 think It is the general feeling that we should utilize the present
plant for two or three years before any very jireat extension is made.
When the concentrator Is completed, with the seven furnaces that
are now running, we should be in a position to treat from 3,200 to
to 3,300 tons of ore per day, and I think we will rest on that for some
time.
To the question when the stockholders might reasonably
expect another dividend or a regular dividend, Mr. Greene
said: " It depends upon how big you want tkiem and how
regular you want them, and what the price of copper is. We
are all anxious to receive dividends as soon as they can be
paid regularly and to make them as large as is consistent
with conservative business principles." The profit and loss
account and balance sheet follow:
CONSOLIDATED PKOFIT AND LOSS ACCOUNT FOE THE TEAB ENDING
JOLY 31, 1903 (C. 8. OUBSBNCT.)
Proceeds of sale of bullion
93,572,403
Cost of bullion for year ($3,192,621, less cost of bullion in
transit and in proot-ss of reduing, $931,343)
2,261,279
Provision for depreciation of plant and exhaustion of ore
bodies
275,858
(mercantile department, $72,842;
153,886; sale of land and buildings, $31,868, etc.)
$1,035,267
bank,
Total net income
DtductAdministrative expense Cananea, $171,458; New York,
$131,989
Intereet, discount and premiums on railroad bonds
Loss on conversion of current assets and liabilities carried
In Mexican currency
Total deductions
Profit on operation for year
Dividend
purchases
Bills receivable
Accounts receivable..
Banco de Cananea
(6 p. o.)
Balance
211,658
$1,246,825
28,874
76.788
367,802
payable
288,29.%
880,616
198,963
Oeposilors in banco
de Cananea
Overdrafts by Banco
213,994
deOananea
Cash in banks and on
hand
Gash in transit
18,748
39,199
overdrafts
cash
Surplus
Total
$14,753,906
Total
$7,200,000
x),68H,079
Accounts payable
Accrued labor
Do
178,978
yl48.943
392,800
70,238
$14,753,906
xlnolndes oash premium on shares issued. $3,534,245 and proceeds
of 182, ."iOO shares donated to company by W. O. Greene, $?,151.834.
y Advances against consigned oopoer. $2,072,592, less accounts
receivable for copper sold, $992,306, and bullion in transit and in
process of refining, at oost, $1)31,342; net, $148,943.— V. 77, p. 820.
The Pniiinna Company.
(Report for the fiscal year ending July 31, 1903. J
President Lincoln supplemented his annual report with
t
bp fo llowing general information:
fiscal
year conlraots for the operation of oars have been
Oeorsia Railroad.
Albany RR. Co.
Nash. Chatt. tfc 8t. Lonis Ry.
& Louisv. BK. Co.
San p. Los Aug. & S. Lake RR.Co.
Chicago Great Western Ry. Co.
Tennessee Cent. RR. Co.
Del Lack. & West. RR. Co.
This year shows an increase of over 14 p.c. in the number of passenThe avergers carried and nearly 8 p. o. In the number of miles run.
age number of names on the pay-rolls at Pullman for the year was
making
average
an
of $689 for each
7,432 and wages paid $5,128,557,
The total number of employees In all departments
person employed.
was 20,398 and the wages paid during the year was $12,137,- 92. The
number of employees for the previous year was 19,103, and the wages
303.447
97,700
25,213
$426,360
x$820,465
431,820
$38^,645
<ffe
I
Chlo. Cinoin.
|
|
paid during that year $10,633,788.
The time limit wit*^ in which certain real estate, belonging
to the company at Pullman and not used in its manufacturing business, was, by a decree of the Supreme Court of the
State of Illinois, directed to be sold, does not expire until
Feb. 18, 1904. President Lincoln, when interviewed after
ttie annual meeting, is quoted as saying that the plan for
disposing of this real estate, while not complete, is progressing satisfactorily, and that he does not deem it advisable to say
anything about it to the stockholders at this time.
Everything pertaining to the disposal of the property will be
carried out in due time, and to the best interests of the
shareholders. The company's freight-car output he states is
sold ahead until Feb. 1 and the passenger car shops have
enough orders ahead to run them for at least ten months.
The laws of Illinois do not allow corporations to be organized to hold real estate, but there are in existence two or
three companies, any one of whose charters, it is stated (unofficially), might be used in connection with the aforesaid
property.
The results for several years are as below. No balance
sheet is furnished.
1902-03.
1901-02.
190001.
1899-00.
Cars made (value).. $22,546,878 $19,416,021 $16,424,790 $16,704,111
Rentals received....
$335,811
$316,089
$306,887
$322,159
Tot m. of Ry. under
contract for oper.
of
Pullman
cars...
175.761
169,880
165.283
158,503
Pasaeng'soar. (No.). 12,321.260 10,753.643
9,618,438
7,752,876
Miles run by cars.. .389,254,410 360,602,541 335,742,267 274,066,488
Total revenue
$23,120,718 $20,597,903 $17,996,782 $15,022,868
Diiburtementt
—
Operatlngexpenses. $10,389,460
Depreo'nonoars.Ao 2,789,314
Paid other sleep, car
associations
8%div.oncap.stook
.'^74.252
5,919,968
$9,317,584
1,908,902
485.742
6,919,924
$7,378,200 $6,112,655
1,485,601
1,699,183
346,760
5,919,886
687,544
5,619,720
Tot disbursem'ts., $19,622,994 $17,582,162 $15,130,447 $13,919,102
$3,497,720 $3,015,751 $2,866,335 $1,103,756
Total surplus July 31, 1903, |14.275,750; capital stock, $74,000,000; net assets, $88,275,750.— V. 77, p. 1239.
Surplus
GENERAL INVESTMENT NEWS.
BA.ILBOADS. INCLUDING STREET B0AD8.
Alton (111.) Light & Traction Co.— Bonds, Etc.—This company, formed Aug.
10, 1903, with $1,000,000 authorized capital stock (half preferred) by the consolidation of the Alton
& Electric Co. and the Alton & East Alton Ry.
under date of Aug. lOlh, 1903, has or will issue
stock and bonds as follows:
Railway Gas
& Power Co.
its
xNoTB. This represents the profit only on copper sold during the
year. Tne profit on bullion in transit and in process of refining produced nurins; the year, estimated at maiket price, amounts to $162,038. which 18 not Ic eluded in the above statement, and which If added
to the above profit of $320,465, would give a profit of $1,282,503 on
bullion produced during the year.
Bills
Net advances on con27,470
signed copper
66,887 Keeerves fr'm revenue
Boston
share, so that, outside of the Increased capitalization, the sross profits
were a little over $3,010,000.
For the present year, the only large improvement that is now under
way, uncompleted, is the concentrator. The expenditure there will
aggregate about $425,000, of which about $90,000 has been already
paid, so that a further expenditure of $335,000 will be necescary for
that rnrp' se. The exfouilve committee have set aside $':iO,OOU per
month for the purpose of meeting the concentrator expenses from
now until the first of next July ; for development and equipment ex-
on the sae of bullion
Coppur Co
Capital reserves
Advance payments on
During the
profit
Stook Greene Oonsol.
made with
(StaU mint for year ending July 31, 190S.J
At the annnal meeting on Oct. 10 President W, C. Greene
said in part (compare Chronicle of Oct. 3, page 826);
Our notes payable on theSlstof July last year were $2,415,685.
Of that amount $2,127,390 has been paid, leaving $288,295 as the
total amount of notes now outstandiog. In addition, our Investment
account was Increased about $1,000,000, which represt-nts the dlflerent Investments that have been made dnrlDg the past year. In addition, we paid In dividends 6 p. c. on the capital stosk. We increased
the capital<z%tlon $I,2( 0,000. This stook was all sold at $20 per $10
Net
Properties at Oananea $8,230,987
Cost of Cananea Cons.
Copper Co. stook
5,000,000
Qreeue Oonsol. Copper
6,000
Co. stook at par
Materials and supplies
891,151
B4.'!70,727
Sub8«>quentlv reduced, owing to mistake, to $l,S8t},l41, see above.— V. 77.
Other Income
IK-
,
fully paid and issued capital stock of the Alton RailElectric Co. was exchanged for $ i00,000 5 p c. cumulative
preferred »tock of »he new company, and the $150,000 fully paid and
issued stock of the Alton & EasD Alton Railway & Power Co. was
exchanged for $150,000 common stook of the new company; $350,000
of the common eitock of the new company remains unissued. The
Granite City <fc St. Loals Rv. Co. is not included in this consolidation .
new Issue of $l,ooo,000 5 p. o. first consolidated mortgage bonds
will be authorized, with provision for taking up the $500 000 underlying bonds. All underlyiuK bonds will be taken up as rapidly as they
can be acquired; $150,000 of the new bonds have been subscribed at
par for the purpose of extending the street railway and also improving
and extending the gas works Into n^w territory. The remaining
$350,000 Lew bonds will be held for the uses of the company under
proper restrictions.
The directors and officers are: J. F. Porter. Pres. and Treas.: O. 8.
Stowell, Vloe-Pres.; C. A. OaldweU, Sec'y.; G. M. Ryria and Jarne*
Duncan,— V, 77, p. 348
The $500,000
way Gat &
A
THE CHRONICLE.
1-294
Alton
(III.)
Railway Gas
Traction Co. above.— V^.
&
Electric—See Alton Light
&
&
Qrois.
Tear.
-V.
Net.
Charges.
Bett'menls.
Surplus.
f 689. 603
$521,233
434,080
$57,063
118,741
$91,313
54.232
607,053
& Florida Sonlhern Ry.—Sale.—A
7V, p. 195.
Bessemer* Lake Erie RB,— (?»aran«eeiJ9orad.s.— See Marquette & Bessemer Dock A; Navigation Co. in V. 77, p. 1228!
V. 76, p 1358.— V. 76, p. 749,
Brnnsifick & Birmingrham RR.— idcgwrntion.- See Hawkinaville & Florida Southern Ry. below.— V. 77, p. 694.
CharloltesTlUe City (Fa.) & Sabnrban Ry.— Sale Nov. 10.
-This property is advertised to be sold at Charlottesville on
Nov. 10, under foreclosure of mortgage of Sept. 15, 1900, securing $125,000 of outstanding 6 per cents. The property
includes a street railway, ^% miles, ice plant, electric plant,
The
110 acres of land, with mineral springs and hotel, etc.
sale will be made subject to a mortgage of the Piedmont
Improvement Co. dated Feb, 1, 1895, to seConstruction
cure $25,000 first mortgage bonds, and also subject to a lien
to secure the payment for new rails recently bought by said
C. C. & S. Co. The mortgage trustees are MIcajah Woods,
R. T. W. Dake Jr and C. Guy Robinson.
&
M
syndi-
Robinson, President of the
Brunswick & Birmingham RR., and W. A. Wimbish, general counsel of the latter, has acquired the entire $100,000
stock and a large part of the outstanding $100,000 five per
cent bonds, due 1953
The road extends from Worth to
Hawkinsville, Ga., 44 miles, with branch from Davisville to
Isaacs, 11 miles, the last named point being only a few miles
distant from Irwinville, the present terminus of the Brunswick & Birmingham. Mr. Robinson has been elected President.— V. 74, p. 775.
IllinolB Central RR.— iVetu Mortgage.— A.t the annual
meeting on Oct. 21 the stockholders authorized the making
of a mortgage to secure $30,000,000 of 4 p. c. bonds, to mature
in 1951, and to be known as the "Illinois Central purchased
lines first mortgage gold bonds."
These bonds, so far as
now to be issued, will go into the Illinois Central treasury,
cate represented by Bird
77, p. 348.
Atchison Topeka & Santa Fe 'Rj.— Acquisitions.—The
stockholdere will vote at Topeka on Deo. 4 on approving the
pnrchase of the Rundsbnrg, the San Francisoo & NorthwestEast Side
ern, the Phoenix & Eastern, and the Oakland
rallwave: also on amending certain by-laws. See V. 77, p.
683.— V. 77, p. 1324, 631, 624.
BaDsror & Aroostoolc RR.—iteport.— The re8alt3 for the
year tndicg Jnne 30 were:
1902-03. ..fl.80a,168
1901-02... 1,708,937
Hawkinsville
[Vol. Lxxvii.
replacing the securities of some thirteen minor companies
bought during the past two years, including, no doubt, the
lines mentioned in the last annual report (Chronicle of Oct.
as being available as
8, page 838, under "Amalgamations")
security for a new bond issue. President Fish explained that
the company was not in need of money, that it really had
money to lend; but merely proposed to put first-class bonds
in its treasury in place of the stock of the various small oom,
panies recently purchased.
Outlook.— Mr. Fish is quoted in an interview as saying:
The railroads of the country are In better physical condition than
ever before. This means the ability to banl more tratUo at less expense hereafter, the reduction of grades and the elimination of onrve*
being permanent Improvements. The Illinois Central does not propose to reduce the nnmber of its employees. We expect to do a heavy
bnslness this winter— enough to keep our entire force employed.— V.
Chesapeake & Ohio Rj.— Merger of Subsidiary Lines.— 77, p. 1225, 838.
The stocfe Holders voted on Oct. 81 to merge the Quayaudot
Joliet Plainfleid & Aarora RR.— Bonds.- This road is to
Valley and Green brierl railways (see V. 72, p. 627; V. 77, p. extend from Joliet to Aurora, III., a distance of 20 miles, of
708); also to transfer the rights, franchises and property of which the first 10 miles between Joliet and Plainfield is
the C. & O. Railway of West Virginia to the C. & O. Railway about completed and is expected to be in operation not later
The directors were further authorized to con- than Nov. 1. The completion of this portion of the line enof Virginia.
solidate, as speedily as practicable, the Kentucky roads form- titles the Fisher Construction Co. of Joliet to $200,000 bonds,
ing a part of the system into one organization to be known or one-half of the total issue, and these bonds are now for
as the Chesapeaks & Ohio Railway Co. of Kentucky. — V. 77, sale. The Federal Trust & Savings Bank of Chicago is the
mortgage trustee. The bonds are 5 per cents, dated Aug. 1,
p. 763, 708, 691.
Cincinnati New Orleans & Texas Pacific B,y.— Report.— 1908, and due in 1938, but subject to call at any interest
The results for the fiscal year ending June 30 compare as period after Aug. 1, 1913. at 110. Capital stock $400,000, in
follows
100 shares.
:
Grou.
190i 03... $8,16.^.454
1901-02... 5,660,404
Year.
Net.
Oth. Incomt.
Balance.
Charget.
$63,503
$1,106,833
$463,185
25,850
1,237,526
209,134
From balance as above In 1902-03 were paid dividends on
preferred for 18 months amounting to $108,333 (5 512 p. c),
leaving a balance for the year of $354,852.-V. 76, p. 157.
$1,506,015
1.420,810
& Wheeling Rj.— i2epor^— The
Jnne 30 were
Cleveland Lorain
for the year ending
Tear.
Qrost.
1902-08... $3,169,023
190102... 2.692,588
results
:
Net.
Olh. income.
Charges.
Jial.,
sur.
$135,353
365,566
$696,5*0
762,000
From the balance as above in 1902-03 was paid $534,980 for
construction, improvements, etc., leaving a surplus for the
year of |161,610.— V. 76, p. 208.
$1,128,416
1,116,730
$3,478
836
Denver & Rio dlrande UR.-Neio Stock.— The stockholders
voted on Oct. 21 to increase the preferred stock from $44,400,000 to $50,000,000 for the purpose stated in V. 77, p. 694,
705.
Director.
Edwin Gould has been elected a director in
place of Charles G. Warner, who retired on account of illhealth.—V. 77, p. 691, 694, 704.
—
President, F. E. Fisher, Joliet,
111.
Miesisslppi River & Bonne Terre Ry.— Seocfc.—The
authorized limit of capital stock was recently increased from
$600,000 to $2,500,000. The road extends from Riverside,
Mo., to Doe Rnn, 47 miles, and has outstanding $500,000 first
mortgage 68. The President, J. Wyman Jones, 55 Liberty
St., N. Y. City, is also President of the Doe Run Lead Co.
(stock, $1,500,000); the St. Joseph Lead Co. (authorized capital stock $6,000,000) (V. 75, p. 120), and the Bonne Terre
Farming & Cattle Co.
New Torl£ New Haven & Hartford RR.— iVeio President—
Charles S. Mellen was on Wednesday^ elected a director
and will become President in place of John M. Hall, whose
resignation takes effect on Oct. 31. J. P. Morgan was present at the meeting and voted $5,841,800 stock. Mr. Hall, after
a six months' vacation, will assume the dnties of general
counsel.
Lease —The shareholders on Oct, 21 ratified the lease of
Waterbury ER. See V. 77, p.
the Middletown Meriden
&
824.
Nortliern Pacific Railway Co.— Extra Dividend.—The
company has declared the regular quarterly dividend of 1}4
Eransvllle & TerreHauteRR.— Direcfora.— Atthe annual p. c. and extra dividend No. 2 of 3^ of 1 p. c. making 7 p. c.
meeting th s week the following directors were elected
paid in calendar year 1903. The first extra dividend, also
New directors— B. F. Yoakum, D. o. Beld, W. B. Leeds, W. H. Moore 1^ of 1 p. c,,' was paid last February. As 99 p. c. of the
and J. H. Moore.
^155,000,000 stock is owned by the Northern Securities Co.
Re-elected— GaorKe H. Ball, Henry Selberf, E. W. Winter, George H
Brewster. H. H. Porter Jr., J D Donald. F. 8. Flower, all of New the additional 1 p. c. so distributed will bring that company
:
York, and B. K. Dankeraon of EvranevlUe.— V. 77, 296.
Forest City Street Ry. Co., Cleveland.— JVew Company.—
This company was incorporated at Columbus, O., with
$250,000 authorized capital stock, it is supposed as a 3-cent
fare company, succeeding the people's Street Railway Co.
(V. 77, p. 770), the charter designating the same streets that
the People's Street Railway Company has asked franchises
Incorporators
for.
M.
A
Fannlnsr, of the Barber Asphalt Oo.; Fred O. Alber, Treasurer
Walworth Foundry Co.; Attorney, J. M. Garfield; E. G. Harte,
a stenographer, and John M. Wltzel.
Fort Scott (Kan.) Consolidated Supply Co.— Successor.—
See Fort Scott Gas & Electric below.— V. 72, p. 872.
of the
Fort 8c9tt(Ean.) das & Electric Co.— Sto^tts,— This company, whose capital stock Is $300,000, is successor of the
Fort Scott Consolidated Supply Co. and so of the Fort Scott
&
Electric Light
Power Co., Citizens' Electric Street Railway
Co. (10 miles of track), Fort Scott Steam Heating Co. and
Fort Scott Gas Co. The mortgage of the Fort S;;ott Consolidated Supply Co. to the Morton Trust Co. was paid and
released, and the new company has made a mortgage to the
Chicago Title
Trust Co. of Chicago as trustee to secure
$250,000 of 5 p. c. sinking fund gold bonds of $500 eaoh, dated
April 1, 1903, and due April 1, 1922, but subject to call April
1, 1908, at 105; $50,000 of the bonis are reserved for extensions. There are no underlying lieuH.
In 1902 gross earnings
were $58,599; net, $2i,863; tai^s, $1,835; interest, etc, $11,148;
balance surplus, $11,910. Officers:
Grant Horaaday, President; O. F. Martin, Vice President; P. A.
Homaday, Secretary; F. D. Martin, Xreasarer and Saperlntendent.
&
about $1,500,000.
Aeu) President,— B.owa,rd Elliott, Second Vice-President
of the Chicago Burlington & Q lincy Railroad Company,
and for about twenty years connected with that road
in various capacities, was on Oat. 21 elected as President In
place of Charles S. Mellen, who resigned to accept the presiHartford RR. Mr.
dency of the New York New Haven
Elliott will assume oflice to-day.— V. 77, p. 1222, 951.
&
Northern Secnritles Co.— Licome Increased.—See Northern Pacific Ry. above.— V. 77, p. 299, 147.
Oregon Water Power & Ry. Co.— 38 Miles of Track Laid.—
Track-laying on this company's 38-mile line from Portland,
Ore., through the rich farming country of Multnomah and
Clackamas counties, Ore., to Cazadero, on the Clackamas
River, was completed on Sept. 23, and ballasting is in progress.
The region served has heretofore had no transportation facilities and the new line is expected to do a considerable
freight as well as passenger business. Steam locomotives
V.
will be used until the electric equipment is completed.
—
76, p. 543.
Penosylvania RR.- Small Part of Improvements in AbeyReduction of Force. President Cassatt is quoted as
ance
—
—
follows by tbe " Philadelphia News Bnreau:"
We have stopped part of our construction work but
It Is
a compara-
and not a general reduction. It includes the heavy
work on the low-grade Irnproveraetits between Columbia and Parkersbnrg and between Thorndale and Paole, ol the Philadelphia division.
This work o )uld not, in any event, have been completed In less than a
year or 18 months, and the expectation Is that we shall go on with It
In the spring. This Is the only work of Importance which is stopped.
All the rest of the oonstrnotlou work on the line is going actively on.
tively small part
—
Oct.
THE CHRONICLE.
24, 1903.]
We have also made considerable reductions
of force in the operating
During the oonRested period of last fall sind winter con
BlderatioDrt of woonomy had to lie put to one Bide; it was necessary to
move the traflio at any oosr. and as a oonoeqtience the nniuber of men
department.
129o
new trial to only a few points bearing more particularly
on such misconduct, and, it is claimed by the Heinze interests that the decision is therefore almost as effective as a final
one, as all other points have already been passed upon by the
the
w»8 largely increased. By the reductions now belns;
made we are pimply returnln(j to normal conditions. Oor lines are Appellate Court.
now worklnK freely and we autlolpate no trouble In moving the trallio
Judge Clancy on the same day in the case of John McGinnlsfs
during the comhiR winter.
There are no indications yet of any falllnsr off In the tonnage. The (Vioe-President United Copper Co.), as stockholder in the
freight and pHSseuger receipts both on the lines east and west of PlttaBoston & Montana Mining Co,, against the latter, issued a
bnrvh continue to show al)out the same Increases over last year as permanent injunction restraining the payment of
dividends
during the summer.
on the stock owned by the Amalgamated Company, but
The number of employees east of Pittebargh and Erie on denied for the present the application for a receiver for the
Sept. 30, 1903. was, it is stated, 110,500, contrasting with Boston & Montana, with leave to renew
such application
99,500 last year. A rednction therefor of even 10 p. c. would whenever new facts might arise to make
such receivership
in
smaller
than
1902.—
V. 77, necessary. A temporary restraining order
not make the force materially
forbidding the
p. S34, 770.
payment of such dividends has been in force since July, 1901.
People's Railway, Clerel&nil.— Possible Successor.— SQe As stipulations were made in similar suits to enjoin payment
of dividends on Anaconda and Parrott stocks owned, to abide
Forest City Street Ry. above.— V. 77, p. 770.
In the service
the decision in the Boston & Montana case, the Amalgamated
Seaboard Air Line B.j.— E(piipment Trusts, etc. Too late Company is enjoined pending appeal from receiving dividends
for the October issue of our "Railway & Industrial Section," on the stocks of all three companies.
we have received the following data: Equipment trusts outThis latter decision, it is stated, is based on the ground
standing, issue of 1900, $600,900; issue of 1902, |595,000; issue that the Amalgamated Company, which is a New Jersey
of 1908, #1 563,000; Seaboard & Roanoke issue, $528,709; At- corporation and does not maintain an
office in Montana,
lanta & Birmingham divit>ion first mortgage 4s ontstandlng,
cannot exercise control over corporations organized under
18,860,060.— V. 77, p. 824, 766.
the laws of the latter State nor properly do business therein.
Following these decisions an order went into effect on the
Schenfctady (N. Y.) Rj.—Neio Stock.—The company has
received permission from the State Railroad Commission to in- night of Oct. 22 to close down all the Amalgamated properties
crease its capital stock from |600,000 to #7,000,000, as follows: in Montana, over 10,000 employees, it is said, being affected.
Payment of Bonds,— The $100,000 Boston & Montana 7 per
To provide for the $1,000,000 which, under the trust deed, must be Invested In the property prior to the issue of any bonds
cent bonds due Nov. 1 will be paid at maturity at the office
under Its $7,.")U0,000 mortgage
$1,000,000 of the company. No. 53 Broadway,— V. 77, p. 1227, 512.
For
p. 0. of the cost of the Improvements, for wbicli the
of
new
bonds
are
issued
and
$5.SOU.0OO
to be
against
American Grass Products Co.— Plant Sold,—The company
—
2.")
which no bonds can be Issued
1,833,388
For 2ft p. c. of cost of the Improvements made under the
$2,000,000 mortgage, and against which bonds under said
mortgage ooald not be Issued
185,000
For the
p o premium on the retirement of the bonds of
the present, Issue of $2,0t 0,000
200,000
For commission and discount on the sale of the $5,500,000
bonds
550,000
For purchase of the stock of the Mohawk Gas Oo. (V. 73,
1
1,000,000
p. 141)
For purchase of exclusive privileges for water power
1,000,000
For extensions contemplated in excess of amount to be provided for by theissue of bonds
631,667
—V. 76.
p.
1088.
Toledo Colambns & Cincinnati Railway.—Incorpomfed
in Arizona,— The "Arizona Republican" of Oct. 2 announces
the incorporation in that State of the Toledo Columbus &
Cincinnati Ry. Co., with $15,oro,000 of authorized capital
stock. Incorporators, W. P. Heston, S, 8, Thorn. H. C.
Headlee and ethers. The company is a holding company in
connection with the projected Toledo Columbus Soringfield &
Cincinnati (Electric) RR, Co., of which W. P, Heston was
an incorporator (see V. 77, p. 770), and perhaps other companies. The T. C. S. & C. Company made a mortgage in
September, 1901,- to the Security Trust Co. of Toledo, as
trustee, to secure |3,600,000 of 5 p. o, gold bonds, of which in
March last $100,000, due in 1938 and 1927, were outstanding,
95 miles of track being then reported under oontract. President of both old and new companies, Ellis Bartholomew,
Toledo, O. Of the stock of the holding company $1,000,000
is preferred.
& CincinaatI (Electric)
Cincinnati Ry. above.— V. 73,
Toledo Colnmbng Springfield
p. 446.
St.
Louis & Western RR.— iJeporf.-The results
June 30 were:
for the year ending
Tear.
Orosg.
1902-03... .$3,111,858
1901-02.... 2,640,880
-V. 77, p. 452.
Net.
0th. inc.
Charges.
Bal., sur.
$854,383
725,447
$9,256
9,643
$692,000
679,400
$171,639
55,690
Wabash RR. —iVeto Chairman. — George
elected
signed,
York
J.
Gould has bsen
Chairman
who
—
was released. V. 76, p. 214.
American Grass Twine Co.—Subsidiary Plant Sold.— See
American Grass Products Co. above. — V. 78, p. 1145.
American Light & Traction Co.— Beport, The results
for the two years ending June 80, 1903 and 1902, are oftrustee,
—
ficially
reported as follows:
JHvidendt
Fiscal
year.
received.
1902-03. ..$1,006,693
1901-02...
769,093
—V. 77, p. 148.
other
income.
$86,470
24,240
Deductions.
Expenses. Pref. dividend,
,
.
$25,078
20,071
(fc%)$52-<,^37
(6%) 457,015
Balance
surptus.
$538,648
316,247
—
American Malting Co.— More Circulars. In connection
with the annual report, an abstract of which appears on a
preceding page, the directors have issued a circular replying
to the allegations of the Driggs Committee and calling attention to the great improvement in the condition of the company under the new management. Of the present board of
directors, only three were members prior to November, 1899.
The Dri^ga Committee has made a new statement, but the
management rest their case on the showing of the report and
the aforesaid circular.
See report on page 1292; also V.77,
p. 825.
By.— See Toledo Columbus &
Toledo
has sold its partly-built plant at Glendale, L. I., for a sum
stated as $29,089 above all encumbrances to the J. W. Bfshop
Co.. which has mortgaged the same for $100,000 to D. O.
Mills. The sale was made subject to three mechanics' liens.
The mortgage for ;$600,000 to the Continental Trust Co., as
of the board to succeed O. D. Ashley, rebecomes Vice-President in charge of the New
office.
Report.— Qee pages 1305 and 1806.—V.
77, p. 1226, 1223.
ZanesTllle (0.) Railway, Light & Power Q,q.— Earnings,—
For the half year ending Aug. 31, the gross earnings are reported Bs 174,706; net earnings, 137,973; bond interest, ?19,625; balance, surplus, $18,348.— V. 77, p. 770.
American River Electric Co. of California.— TVangmiasion
o/Pott'erfo Stocfcf ore .—This company, incorporated in California last April with $2,500,000 of authorized capital stock,
divided into shares of |50 each, is establishing a water power
plant of 4,800 horse power capacity (which it can increase to
15,000 horse power if desired), on the South Fork of the
American River near Placerville, Cal. By Jan. 1, 1904, the
company espects to be transmitting electricity by double
line to Stockton, 75 miles distant, and to intermediate places.
The property has been mortgaged to the Union Trust Co. of
San Francifeco, as trustee, to secure $1,OUO,000 of 5 p. c. gold
sinking fond bonds of $1,000 each, dated July 1, 1908, and
due July 1, 1933; outstanding, $500,000.
The financial office is at 520 Market St., San Francisco. The
leading stockholders, including Herbert Fleishacker. A. J.
Hechtman, and others, are the same that control the Truckee
River General Electric Co. (see V. 69, p. 1016)— which at last
accounts (in 1901) was generating 2,200 horse power and
transmitting it 35 miles to Reno, the Comstock mines, etc.
its paid-up stock being $750,000.
,
Atlantic Coast
INDU8TBUX. 9A8 AND MISCELLANEOUS.
Acme Harvester
tion
1\\.— Embarrassed,—Th\9
company, being unable to meet its liabilities, has placed its
affairs in the hands of the following committee of creditors:
Peoria,
Co.,
D. R. Forgan. Vice President of the First National Bank. Chicago;
A. G. Becker of Becker & Oo G. H. Burr of Steere & Burr. Boston;
Martin Kingman and Ferdinand Luhty, Peoria.— V. 75, p. 1356.
;
Amelgamated Copper Co.— Decmons— Judge Clancy
in
the Second Judicial District Court of Montana, on Oct. 21, in
the suit of Miles Finlen against F. Augustus Heinze (President United Copper Co,) to recover possession of the
Minnie Healy mine, handed down a decision in favor of the
defendant. On the previous trial before Judge Harney, the
decision, which was affirmed on appeal by the Snpreme
Court, was also in favor of Mr. Heinze, but a new trial was
subsequently ordered because of alleged misconduct on the
part of the trial judge. It is understood, however, that the
Supreme Court narrowed down the evidence to be taken on
Lnmber Co.— Deposits.— The
reorganiza-
will receive further deposits of claims and
paper until and including October 80, per plan of
Committee
commercial
June 6, 1908.— V.
77, p. 825, 299.
Canadian Westlnghonse Co.— See Westinghouse Air Brake
below.—V. 77, p. 299.
Central California Electric Co.— Guaranteed Bonds.—
This company, incorporated in New Jersey in 1895, has made
a first mortgage on all its property to the Van Norden Trust
Co.
Co. of this city, as trustee, to secure $5,000,000 of 5 p.
c,
gold
bonds of $1,000 each, dated May 1, 1908, and due May 1, 1938,
but eubject to call on interest days (May 1 and Nov. 1 at 110
and interest). There are $773,000 of these bonds outstanding
and they are guaranteed, principal and interest, by the South
Yuba Water Co., which owns all. or a majority, of the $100,000 capital stock (par of shares, $100). (Compare " Railway
and Industrial Section " page 1488.
The company owns and operates three power plants in
California, viz.
One at Alta of 6,000 kilowatts capacity; one
:
THE CHRONICLE,
l-29()
at Newcastle of 1,000 kw. capacity and one at Auburn of
1.000 kw. capacity; total capacity 8,0C0 kw., equal to
abont lO.OCO horse power. Plans are being drawn for an
8,000 kw. plant to be located near the other plants. The
company has over 150 miles of transmiesion-pole lines, mostly
double circuits, and is sending its electricity to Nevada City,
80 miles; to Sacramento, 70 miles; to Grass Valley, 20 miles;
to American River, 15 miles, and to Redding. 40 miles.
Lazelle,
Officers: Warner Van Norden, President; Harry
Office, 781
Secretary; Ottomar H. Van Norden, Treasurer.
Fifth Avenue, New York City.
W
Cincinnati (}as & Electric Co.— New Freshen f.— VicePresident Morman G. Kenan has been elected President to
fill the vacancy caused by the resignation of General Andrew
Hickenlooper.— V. 77, p. 149.
Colombia Plate Glass Co.— New Stock and Bonds.-The
shareholders will vote Dec. 1 on a proposition to increase the
capital stock and also the bonded debt.— V. 77, p. 629.
Congoltdated Lake Superior Co.—Sale Postponed till Dec.
i5.— The sale by Speyer <& Co, baa been postponed until Dec.
15, 1903. All the directors and officials of the subsidiary companies have resigned, their places being filled by repreCo., with Receiver Fackenthal as
sentatives of Speyer
President of all the subsidiary companies,
iVeic P/an.— This adjournment of the sale having been obtained, the reorganization committee ooneisting of
Charles W. Henry,
Jobn W. Mofllf, Chairman, Nloholas Bnoe,
Simon Gra'z,
Samael i<'. Hoaston,
WlUlam H. Arrott,
Wm. Rotoh Wister,
present the following plan, which permits the shareholders
at their option as underwriters to secure "their proportionate
share in the profits resulting from acquiring for $8,000,000
properties which cost over $35,000,000."
It is necessary to raise this $8, 000,000 cash to provide
for the Speyer loan of $5,050,000, the floating debt of $1,500,OflO, to provide about $1,000,000 additional working capital,
This last-named sum, "with the quick assets, &c,, of
etc.
the subsidiary oompanif 3 stated by President iShields to be
valued at not less than $1,000,000, and the bonds reserved in
the treasury, are deemed sufficient for the operation of the
properties." The requisite cash it is proposed to get throus^h
an assessment of $3 per share on the stock, yielding, say,
$3,000,000, and by the sale of $7,143,000 first mortgage 5s at
70, or about |5,000,000.
The new securities to be issued by the auocessor company
&
are:
Oafital Stock, all of one olase
$40,000,000
OX which rejireaentlng and exobaaceable for $28,000.000 of preferred stock of the old company
14,O0O,CO0
RepresentlDR and exchangeable for $72,000,000 of
common stock of the old
Thirty per cent bonne with
To underwriters
company
first
18,000,000
2,142,900
5,857,100
mortgage bonds
First Mortgaoe 40-Yeab 5 per cent Gold Bonds
secured ity a tlrst morti^age apon the stocks, bonds,
and other seonrltles now pledged with Speyer & Co.
(V, 77, p. 771) in such manner as may be advised
by oonnsel, the mortgage to be, if possible, a
mortgage upon the Algoma Central & Hndaon Bay
Railway Co. and the other railway property of the
company, with the other securlileB as collateral.
Total Issue
Of which to underwriters and stockholdera as aforesala (annual interest $357,150)
Reserved in treasury for future requirements
7,143,000
2,857,000
^
Jfpat/ing luiesament-
Per *lyO oM common
Per 8100 old preferred
* 1. 000-
cask.
Slotk.
$3 00
3 00
$25 00
50 00
1«< if. 58.
None.
None.
Income*.
$300
3 00
3. //unde7-u?ri<inff
a If >« stock pays assess't... 812
ft If all otooti pays as8e8«'t..635
50 2.562 60
187 50
$892 87
00 1,000 00
892 S7
None.
new
tubserihing
bonds..
Z. If
for
100 00
300 00 1,000 00 None.
Note.— Stockholders must deposit their stock on or before Nov. 9,
1903, with the Fiaellty Trust Co, of Philadelphia, together with a first
pajment of $1 per Rhare on account of the assessment of $3 per share.
The receipt of the Eqaltable Trust Co. for any payment under the call
heretofore made by the receiver for 50 cents a 8h*re will be accepted
in part payment. The balance of the $3 assessment is to paid In two
instalments of $1 each per share, one on or before Nov. 17th, 1903,
and the ot her and final payment on or before Deo. let, 1903. All assessmente nay be antictpateo.
Participation in the underwriting should be announced as early as
possible (cot later than Nov. 9th, 1903), to the Fidelity Trust Co., 323
Chestnut St., Philadelphia, with check to its order for the first payment of 5 per cent.
Full information concerning the properties of the company,
together with a report from the President, Cornelius Shields,
dated Oct. 19th, can be had at the office of tbe committee.
North American Btiilding, Philadelphia. See further facts
In advertisement on another page,
Option. The option to purchase the property for $30,000,000, granted to Senator R. Danduraud of Canada, has been
extended to Dec. 81, but it is thought scarcely probable thit
the attempt to interest English capital will be succeesfnl.—
V. 77, p. 1237, 952.
—
com-
Crucible Steel Co. of America.— Loan.— Eight individuals,
are informed, have put up $5,000,000 to finance the company's requirements in connection with the Clairton Steel
Co., etc., taking as security stocks owned by the Crucible Steel Co. The Clairton plant is highly spoken of and the
new money, it is asserted, places the two enterprises in ex-
we
cellent
shape.— V.
77, p. 1227, 149.
—
Detroit City (JSf icli.) Gas Co. Scrip Dividends,— A scrip
dividend of 2^ per cent was paid last spring and a second
ecrip distribution of a like amount will be paid Nov. 1, making 5 per cent for the year. The scrip is entitled to 6 per
cent interest and is due June 15, 1906. There is now $4,835,50O stock outstanding, 5 per cent on which would be $321,275.
V. 77, p. 253.
Dominion Coal Co.— The annulling of the lease to the Dominion Iron & Steel Co. having been virtually consummated.
President James Ross announced on Oct. 21 that he would
recommend the payment of dividends at the rate of 6 p. c.
per annum on the common stook, contrasting with 8 p. c.
—
annum
per
1903.
It Is
paid under the lease from April, 1902, to July,
His statement says in substance
the Intention to resume the payment of dividends, the dividend
:
is, the dividend due Oct. 1 will be paid.
Wo
however, be compelled to reduce the dividend while the earnon
stock,
our
the
directors do not feel that we
p. o.
should apply It all In dividends. We are paying a considerable
to be retro.>ictive— that
shall,
ings
;
show about 8
amount to the steel company for concessions received In the contraot
for the supply of coal and to get possession of our property. Personally I favor a 6-per-oeut dividend, not because the earnings are insnUloient. but simply because I ooosider a conservative policy the
better. I, however, have been urged to consider the oiroumstanoes aa
a whole, and consequently I am prepared to recommend a dlyldend at
the rate of 6 per cent per annum.
The ratification of the agreement by the Nova Scotia Legis
lature is all, he says, that remains to accomplish the separation of the two companies.— V, 77, p. 826, 772.
Dominion Iron & Steel Co.— See Dominion Coal Co. above.
—V. 77, p. 826, 772.
—
Eastern Tabs Co.—R'^organization, Etc. In order " to
terms of certain agreements entered into before
satisfy the
the receivership," the Mercantile Trust & Deposit Co. of Baltimore, as assignee of the underwriting, offers for subscription
at par $125,000 of the $1,000,000 first mortgage 6 p. o, sinking
fund 25-year gold bonds of January, 1901, with a bonus of
12^ p. o. in preferred and '31^4 P- c, in common stock.
Foreclosure proceedings have been begun by the North
American Trust Co., trustee. Turner A. Bdall, who was
President of the Eistern Tube Co., is a member of the reorganization committee; address room 304, No. 26 Broadway,
New York. An advertisement says:
The plant is a large and modern plant for the manufacture of Iron
and steel tubing and pipe, ranging in size from ^8 of an inch to 16
Inches in diataeter. The real estate consists of about 46 acres located
on tbe Baltimore & Ohio and Pensylvanta Railroal systems, and connected with the Wabash system, and having a large river frontage for
water shipments The estimated capacity of the plant is 100,000 tons
annum.— V.
Electric
IHCOMB 5 FEB CENT 20-Ybab Qold Bomds
3,000,000
stockholders are offered the right to do any or all of the
following: (1) To pay the asseescaents on their stock; (2) to
J'oln in the underwriting; (3) to purchase the first mortgage
ocds at 70 per oent, with a 30 per cent stock bonus, on the
followiog basis:
Btockholdert
Pay
And receive
1.
floating debt. President Dingee, it is said, expects the
pany to resume dividends in December.— V. 77, p. 453.
per
10,000,000
[Vol, lxxvii.
77, p. 403.
Company of America.— Par FaZue.—The meeting
called for Oct. 15 to change the par value of the stock from
$10 to .^50 was adjourned for lack of quorum, but subject to
call of Chair.
As explaining why the directors reduced the
par from $50 to $10 a year ago and now want to raise it to $50
again. President Snowden said:
Assessable stocks are at a disadvantage in the market. That was
the cause of the reduction to a par of $10 full paid. Now we understand that the Etock would be considered by bankers as better collateral if the par were flrty.— V. 77, p. 300, 198,
Federal Lead Co.— iVew Stock.— This company, incorporated in Dataware on Aoril 11, 1900, increased its capital on
Aug. 18 last from $2,000,000 to $5,000,000; par of shares $10.
The incorporators were James Lord, James L. Wolcott
and James Virdin.
Federal Telephone Co.— Stock Rsdueed.—The capital stock
is being reduced from $10,000,000 to $1,000,000 through the
exchange of the $100 certificates for certificates of the par
The exchange is made through the Dime
value of $10.
Banking Co., Cleveland.
Savings
jBa5<cn8ion. —The creditors of the Everett- Moore syndicate
at a meeting in Cleveland on Oct. 13, voted to extend the
time for the payment of their claims for eighteen months,
Since the liquidation began, in Januviz., till April 1, 1905.
ary, 1902, indebtedness aggregating about $12,000,000 has
been disposed of and about $2,000,000 of new money has been
put into the various properties. The unadjusted obligations
now amount to from $3,500,000 to $4,500,0" K), of which some
$3,000,000 is represented by debts of the Federal Telephone
Co., $1,200,000 of this being due to members of the syndicate
and about $1,800,000 to outsiders. The company's indebtedness was previously $4,200,000. The extension agreements
are now being signed, and it is impossible to state what proportion of the syndicate will come in,— V. 74, p. 826, 772.
&
Fresno (Cal.) Water Co.—Forectosure.— The Illinois Trust
Bank Co. of Ciiieago has brought suit, as mortgage trustee, in the Federal Court at Los Angeles for the
foreclosure of the $500,000 mortgage of April 1, 1890, under
Contra Costa Water Co., Oakland, Ca\,— Dividend Passed. which $ilO,000 of 6 p. c. bonds are reported to be outstandThis company, whose dividends have of late been at the ing: interest due and unpaid "about; $30,003." T. E. Newlin
rate of 5*01 p. c. per annum (42 cents per $100-ahare monthly) of Los Angeles was appointed receiver on Sept. 30.
has passed its October distribution, owing to tbe slow sale of
(General Gas, Electric & Power Co., Connergville, Ind.—
its new bonds In coneequence of the disturbed condition of Bonds,— A small amount of this company's first mortgage
the money market.
Extensive improvements caused the 6 per oent gold bonds, due 1982, coupons February and
—
& Savings
—
THE CHRONICLE.
:
Oct.
24, 1903. J
—
—
1297
August, were advertised for sale reo««tly with August, 1903. dividend of 8 p. c. was paid in January last, the same
coupons on. There are also outstandiufr "first mortgage'" amount as in January, 1901, E. M. Kelly is President and
gold 53 due May, 1909, interest May and Nov. Tbe author- E, C. Andrews Secretary. There are no underlying bonds;
ized issue of hrst mortgage bonds is $300,000. Gross earn- par value of shares, $100.
ings for year ended May 1, 1903, were said to he $17,196. See
Mergentbaler Linotype Co.—Earninaa.—The net profits
CJonnersville Comoaniea in V. 65, p. 1071; V. 08, p. 335, and for the year ended Oct. 1, 1903, were $3,323,683 (the largest
V. 69, p. 33.— V. 69, p. 1065.
in the company's history), contrasting with $1 893,918 during
the previous year, $3,083,933 in 1901 and $1,919,165 in 1900.
tjieorgia Lambor & Derelopment Co.— Bonds.— A block
of 14,000 first mortgage 6 p. c. bonds of 1933, with April, Dividends at the rate of 15 p. c. per annnnm (the quarterly
auction recently rate being 23^ p, c, and an extra 5 p, c. having been paid
1903. coupons attached, was sold at
by Adrian H MuUer & Son at 35 p. c. The company was last December), call for $1,500,000.— V. 75, p. 1030,
Mexican National Exposition & Land Co— Foreclosure.
incorporated in Tennessee in March, 1902, with |5,000,000 of
authorized capital stock in shares of $100 each, the directors The Farmers' Loan & Trust Co. has obtained a judgment In
the Fourth Civil Court at Mexico City for $750,000, repreincluding:
Oharlea Barg of New York, President; Michael Jacobs of New York; senting bonds issued in 1895 in connection with an attempt
Percy Ketotinm of Sayannali. Ga.; Peter J. Somers of MUwaakee to hold an exposition on lands near the Castle oi Chepultepec.
Wis., and others.
Mohawk Gas Co., Schenectady, N. Y.— SaZe.— See Schenec(Gordon Telephone Co., CharlAston, S. C.—Neio President. tady Ry. under "Railroads" above.— V. 73, p. 141.
A majority of this company's $150,000 capital stock has
Monongahela River Consolidated Coal & Coke Co.—
been acquired by Charleston men, and P. R, Rivers of that
Option. Whitney & Stephenson of Pittsburgh offer to all
city has succeeded Q. M. Fennell of New York as President.
shareholders the right to participate in their
The company is said to have over 1,000 telephones in Charles- the minority
sale of stock to the Pittsburgh Coal Co. as follows
ton, etc., also more than 100 miles of long-distance lines.
On Sept. 2, 1903, our Mr. Whitney contracted to sell to the PittsThere are outstanding $75,000 first mortgage 5s, dated Jan 1, burgh
Coal Co. 300,000 shares of the common stock and 50,000 shares
1903. due Jan. 1, 1933, interest dates Jan. 1 and July 1.— V.78, of the preferred stock of the Monongahela River Consolidated Coal A
Coke Co. at $15 per share for common and $15 per share for prep. 845.
For the common
ferred str>ck. The terms of the sale are as follows
Gaffej (J. M.) Petrolenm Co.— Purc/iase. —See Star stock, $5 per share is to be paid at Nov. 1, 1801, 1905 and 1906, rePetroleum Co. of B«aumoat, Texas, below. V. 75, p. 188.
Interest.
For
the
preferred
stock a sum equal to
spectively, without
cents per ton of coal mined from the properties of the MononInternational Fire Engine Co.— Direcfors.— The number six
gahela River Consolidated Coal & Coke Co. is to be set aside by the
of directors tias been reduced from twenty-five to eleven, and Pittsbargh Coal Co. and devoted to the payments in semi annual instalments, beginning Jan. 20, 1904, until the entire purchase money
a new board is announced as follows:
shall have been paid. This purchase Is also without Interest, but unBenjamin P. Cheney, Silas Chapman Jr., J. R Clarke, Charles H. Fox, til the payments are completed holders are entl tied to receive dlvl-
—
—
•
:
—
William H. Hall, Peter Murray, George L. Olney, C. S'dney Shepard,
William 8. Taylor, O. H. Horton and H. A. Hatohlns.— V. 77, p. 952.
International Mckel Co.—JVete O^ce.— The general oflaoes
have been removed to 43 Exchange Place, N, Y.— V. 77, p. 953.
International Paper Co.— S^aius.— President Hugh J.
Chisholm is quoted as saying:
Oar earulofirB slnoe the close of tke last fiscal year have shown a
(gratifying Increase, more particularly since the settlement of the labor
Oar total outstanding loans on July I amounted to only
tronbles.
about $2,500,000, and when tbe fact Is taken Into consideration that
practically all of the varioms concerns that we acquired at the time
the company was formed each had from $500,000 to $1,000 000 in
paper out, the aggregate shown can hardly be said to be heavy. As
against this we had notes and accounts receivable of a)m0Ht 9i5,000,000. The gradually growing disnosltlon of the stronger of the corporations is to aooamalate a safflolent cash nrplua to obviate the
necessity of borrowing at any time.— V. 77, p. 450.
iBternatioual Salt Co.— October Coupons Also PurThe October coupons, like those of April last, were
purchased by friends of the management through the
Knickerbocker Trust Co., the Salt Company having made no
provision for the same. See aleo National Salt Co. below.
V. 77, p. 1328, 1146.
Jaekson Iron & Tin Plate Co., Clarkgbnrgr, West Ya.—
Qeneral Manager Charles C. Moore and others have asked
for a receiver for the company to prevent the directors from
disposing of the property of the company and winding up its
ehcued.
—
affairs.
—V.
The
assets are stated as $394,804, liabilities $413,395.
74, p. 887.
KnoxTille (Tenn.) Gas. Co.—Bonds Offered.— Furnon,
Leach & Co. are offering at 101 and interest $300,000 of the 5
per cent first mortgage gold bonds, dated Oct. 1, 1903, due
Oct. 1, 1933, subject to call after Oct. 1. 1S18, at 103 and
accrued interest; int, payable April and Oct. 1 at office of
Farson, Leach & Co., Chicago or New York; denommstion,
$1,000; United States Mortgage & Trust Co., New York,
trustee.
A circular says
Capital stock, aathorized and issaed
Preferred, 6 p. c. $100,000;
total aathorized bond issue, an absolutely first
mortgage, $600,000, of which reserved for ImprovemeBtfl, additions,
etc under careful restrictions, $250,000; remainder, present issue,
$350,000. For the year ending March 81, 1903, the gross earnings
were $78,109; net earnings available for Interest and dividends,
$28,858. For the 4 months, April 1 to July 31, 1903. gross, $26,879;
net, $3,559. For these 4 months the gas sales aggregated 18,636,680
onblc feet, being an increase of 20 p. o. over same period in 19o2. As
the maximam daily output is rapidly approaching the capacity of the
Slant (400,000 cubic feet), contracts have been let for a new retort
ouee to ultimately have a dally capacity of 1,000,000 cubic
feet.
There are 33 miles of mains, all in good condition; several
nolles of exteneiODs are to be made In
the near futnre. The
franchise recently granted does not expire until Oct. 1, 1963. From
Oct. 1, 1913, to Oct. 1, 1922, both Inclusive, the company must call
and pay, at 103 and Interest, $5,000 of bonds annually, and from Oct.
1, 1923, to Oct. 1, 1932, both Inclusive, $10,000 of bonus annually.
An expert reports that economies, through improvements
under way, should "add at least $5,000 annually to the net
earnings on the present make of gas," and that "the gas sales
are not up to the standard of cities of like population, and
should be increased fully 50 p. c. within the next three
years."— V. 77, p. 1228.
:
common, $300,000;
Lackawanna
Steel
Company's "heavy
denos on such remainder of their stock as shall not have been lifted.
Of the preferred stock, one-fourth has been sold; of the common
stock, three-fourths are included. If by Oct. 24, 1903, you will advise
us of the number of shares you held on Sept. 2, 1903. our Mr. Whitney
will give yon notice to present 75 p. o. of your common and 25 p. o. of
your preferred holdings t? the Union Trust Co. of Pittsburgh on Nov.
3 with Instructions that In exact proportl >n to your ownerBhlp you
may obtain participation in the sale above referred to.— V. 77, p. 630.
National Salt Co. Protective Measures. The reference
last week to the Darby stockholders' committee might convey the impression that that committee was tho only representative of the minority shareholders. As a matter of fact
the preferred shareholders' committee, consisting of Henry
—
K. Pomroy and H. Arthur Pomroy
(25
Pine
St.)
and George
F. Dominick Jr., has been the instigator of most if not all of
the aggressive action in the courts in behalf of the rights of
the minority stock. The status of the suits of this committee is as follows:
Against the former directors for the return of large sums of money
which. It is alleged, were scandalously mlaused and wasted, and lor the
refunding of dividends paid but not earned These suits are still pending and have withstood several motions and are now on demurrer
A petition in bankruptcy was brought to oust Nathan 8. Beardsley
of Warsaw, N. Y., from the receivership; Beardsley being one of the
defendants In the above suits, and having been active in whatis therein claimed to have been the gross mismanagement of 'he company. It
was hoped that by securing a trustee in bankruptcy appointed b» the
court, this might be accomplished, as well as the opportunity be found
10 review the actions of the directors In bankruptcy proceedings. As
the reorganlzers and those alHllated with them were substantially th«
only creditors, suits could only be brought under defaulted notes made
by the directors of the National Salt Co., to pay unearned dividends,
which were not recognized as valid debts, and the bankruptcy proceedings were not sustained.
The committee was not represented at the petition of the receivers
for the sale ot the company's properties, this having been obtained
secretly and without notice to counsel. Argument on the confirmation
of this sale was set for Oct. 2, but on petition of counsel for tbe protective Icommlttee it was deferred until October 12, at wkich time
the receivers asked for further delay. Petition has also be^n filed to
secure a permanent Itjunction against the confirmation of the sale.
Proceedings in equity are under way in behalf of the depositing preferred stockholders against the directors of both the National and
International companies, who, it is alleged, have devl8ed and oon>
ducted this attempt to wipe out the Interests of the stockholders.
The remaining preferred stockholders who have not deposwith the New York Security & Trust Co.
may do so subject to the pleasure of the protective committee
until Nov. 1, atter which time, if any stock is received at all
ited their stock
it
will be subject to higher
charges.—V.
77, p. 1328, 773.
Water Co.—See Bloomfield, N. J., on page
1253 of State and City Department.- V. 76, p. 106.
Pittsburgh Coal Co.— Pwrc/iase— See Monongahela River
Orange (N.
J.)
Consolidated Coal & Coke Co. above.— V. 77, p. 1229, 774.
Piltsfleld (Mass.) Electric Co.—New Stock.— The Massachusetts Gas & Electric Corporation has approved the offer
to shareholders at $135 per $100 share of 500 shares of new
stock, to pay floating debt incurred for additions. This will
increase the stock to |160,000.—V. 77, p. 454; V. 66, p. 955.
Pa—
ReceiverReese-Hammond Fire Brick Co., Bolivar,
ship.— Judge Lucien W. Djtv, at Pittsbargh, on Oct. 5, appointed the Westmoreland (Pa.) Savings & Tru3t Co. as reinability to take care of
said to be worth over
$1,000,000, including one of ttie largest fire-brick plants on
the continent (output of plant 150,000 brick daily) and
some 3,200 acres of 'coal, fire-clay and timber lands in Westmoreland and Indiana counties. Pa. The indebtedness is
stated as $600,000, viz: first mortgage bonds $60,000 (total authorized $75,000); second mortgage 5 p. c, bonds $5,000 (total
authorized $250,000, remaining $245,000 outstanding as collatThe Union Trust Co. of
eral): floating debt about $535,000.
Pittsburgh is trustee under both mortgages.
Co.— Rail Mill in Operation,— The ceiver for this company, owing to its
was on Oct. 21 put in operation, the floating debt. The property is
rail" mill
producing rails for the market. This mill's capacity is stated
as 350,0C0 tons of rails yearly.- V. 77, p. 1328.
—
Liberty (Flonr) Mills, NashTllle.- aforfgags This company, whose capital stock is $300,000, has mortgaged its
plant to the Nashville Trust Co.. as trustee, to secure $ 1 25,000 of 5 p. c, gold bonds of $580 each, maturing $12,500,
ye*jrly to and including Oct. 1, 191S, These bonds and $50,000
cash were given in payment for the Cumberland Mills (of
Naahville), whose capital stock was $850,000, thus increasing the daily capacity of the Liberty to 4,000 barrels. A
Investinent Nevra Coucladed
on Pace
1307.
THE CHRONICLE.
1298
[Vol. Lxxvii.
^tp0rts nxiA documents.
^^^^^^^^^^^^^^W^^^^^^w^v^^^^F^^^^^^^^^^^^i^WWys^v^iv
CHICAGO BURLINGTON & QUINCY RAILROAD COMPANY.
FORTY-NINTH
ANNUAL HEPORT— FOR THE YEAR ENDING JUNE
Chicago, October 1, 1903.
To the Stockholders of the Chicago Burlington <& (putney
Railroad L ami) any
The Railroads and properties of your company were
leased, takins? effect October 1, 1901, "to the Chicago Burlington ct Qnincy Railway Company, and have since that
date been operated by that Company. For purposes of comparing results of operation with previous years, this report
IS made, as heretofore, by the Railroad Company.
:
EARNINGS AND EXPENSES.
The Gross Earnings from operation, including all leased
and controlled roads, for the year ended June 30, 1903, have
been
$42,782,405 94
From Freight
14,136,281 18
From Passengers
From Mail, iixpress and Miscellaneous. 5,719,691 70
:
$62,638,378 82
30,
1903.
Gross Earnings per Passenger per mile 1902-3.
In 1901-2..:..:.
$2 08
2 12
Decrease in 1902-3.
$04
Miles run by Passenger Trains, 1902-3.
In 1901 2
15,311,454
15,299,531
Increase in 1902-3.
11,923
Miles run by Passenger Trains per mile of Road Operated in 1902-3
In 1901-2
1,749
1,889
Decrease in 1902-3.
Total
number
of tons of
mUe in 1802-3
110
Revenue Freight
carriei one
4,931,185,014
4,001,631,245
In 1901-2
Increase in 1902-3
929,553,769
The Expenses have been:
Gross Earnings from Freight, 1902-3
In 1901 2
$38,763,996 67
1,778,476 09
Operating Expenses
Taxes.....
40,542,472 76
Income from Operation
$42,782,405 94
36,072,079 68
Increase in 1902-3
$6,710,326 26
.$22,095,906 06
Gross Earnings per ton per mile, 1902-3.
In 1901-2
Add for—
Income on Securities owned and other
Income and Interest
Net Receipts of Land Departments
$268,331 72
78.208 26
0-868
0-896
Decrease in 1902 3.
0-028
346,539 98
Total Income
$22,442,446 04
Charges have been
$7,442,941
192,173
721,757
759,465
RfntaTa
Sinking Funds
Other Charges
24
95
70
00
9,116,337 89
Balanoe
i
.$13,326,108 15
During the 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 Northern Pacitic-Great Northern Railway Companies
Joint C. B.
Q. Collateral four 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.
&
&
Balance
&
Q.
April
July
1,
1. 1902, 1% percent.....
1, 1903, I'll percent
1903, 1% percent
1903, 1% per cent
1,
Aggregate of Capital Stock on June 30, 1903
$56,801
57,079
57,078
56,859
50
75
00
25
$4,491,537 65
COMPARED WITH
1901-2.
$62,638,378 82
53,795,245 47
Increase In 1902-3
$8,843,133 35
$40,542,472 76
35,682,875 53
Increase in 1902-3
$4,859,597 23
Net Earnings from Operating 1902-3
In 1901 2
$22,095,906 06
18,112,369 94
Increase in 1902-3
$3,983,536 12
Percentage of Operating Expenses (including taxes) to
64*72
Gros.s EarLinga, 1902 3
66-33
In 1901-2
1'61
Decrease in 1902-3.
Number Passengers
In 1901-2
Increase in 1902-3.
Gross Earnings from Passengers 1902-3
In 1901 2
Increase In 1902-3
&
Quincy
at the date of the last Report
$152,072,400
'as follows:
cent Bonds of 1949.
Sold
$1,272,000
Issued in exchange for
Quincy RB. Bridge Co.
stock
3,242,000
-$4,514,000
M. RR. in Neb. Consolidated
B.
Mortgage 6 per cent Bonds of
1918 sold
26,000
-$4,540,000
The reductions during the
year were as follows:
Purchased for the Sinking
Funds and Canceled:
C. B.
& Q., Iowa Division,
4 per cent Bonds of
1919
C. B.
& Q., Iowa Division,
Bonds of
1919
C. B. &Q., Nebraska Extension, 4 per cent
Bonds of 1927
$168,000
5 per cent
61,000
273,000
$502,000
Converted into Stock:
C. B.
& Q.
Bonds
Convertible 5 per cent
of 1903
38,5Q0
Purchased and Canceled:
Tarklo Valley 7 per cent
carried one mile 1902-3, ex-
clusive of free mileage
Company
&
Surplus.
Operating Expenses and Taxes In 1902-3
In 1901-2
$110,839,100
FUNDED DEBT.
The additions during the year were
& Q. Illinois Division 3^ per
8,834,570 50
Total
&
Quincy
The Capital Stock of the Chicago Burlington
Railroad Company at the date of the last Report
was
$110,800,600
Issued during the year in exchange for C. B. & Q. Con38,500
vertible Bonds of 1903
C. B.
$227,818 50
OroBS Earnings from Operating in 1902-3
In 1901-2
109
CAPITAL STOCK.
was
Interest for the year on Northern PacifloOieat Northern Joint C. B. & Q. Collateral Bonds at 4 percent
8,606,752 00
1902-3
2,119
2,228
The Funded Debt of the Chicago Burlington
Bonds.
January
Road operated
Decrease in 1902-3.
Railroad
Collateral
October
220,870
Miles run by Freight Trains per mile of
in 1902-3
In 1901-2
$13,326,108 15
Dividends on stock of the Chicago
Burlington & Quincy Railroad
Company not deposited as collateral
for Northern Pacific- Great NorthJoint C. B.
18,545,775
18,324,905
Increase in 1902-3.
Interest on Bonds...
em
Miles run by Freight Trains In 1902-3.
In 1901-2
678,462,129
600,136,909
Bonds
of 1920
Nodaway
$11,000
Valley 7 per
cent Bonds of 1920...
10,000
21,000
78,325,220
$561,500
3,978,50»
$14,136,281 18
12,857,266 86
$1,279,014 32
Total Funded Debt of the C. B.
1903
& Q. RR. Co.
on June 30,
$156,050,90©
For detailed statements of which see pages 26 to 36 of pamphlet report.
.
Oct.
.
THE CHRONICLE.
24, 1903.J
LENGTH OF ROAD.
The
total mileage operated on
June
30, 1903,
Owned, or controlled tbrougli ownership
was:
of securities. .8,112-77
•55
Missouri
207
At Louisiana
Missouri
Pbnnsylvania Compant—
At Chicago
Illinois
Chicago & North-Westebn Rv. Co.—
East Clinton to Clinton
EastOllDton to Clinton
St.
St.
St.
•77
•21
Iowa
19^05
.Illinois
St.
St.
Louis
Louis
St.
Louis, to U. D. .Missouri
Illinois
Missouri
1-51
1-69
3-20
North Market St.
.
QciiNCT RR. Bhidoe
383
Co.—
West Quincy to Qulnoy
West Qulnoy to Qulnoy
1-30
Illinois
•17
•49
Davenport Rock Island & North-Western Rt.
Co.-
•66
1-03
36-99
Illinois
38-02
Wabash RR. Co.—
Chapin to JaoksonvUle
Illinois
Moulton to Bloomfleld
Iowa
Hannibal
At
Missouri
Missouri Kansas & Texas Rt. Co.—
At Hannibal
Missouri
Chicago Rock Island & P.\cific Rt. Co.—
Burlington to Mediapolis
At Carson
Keokuk & Hamilton Br. Co.—
At Keokuk
Union Depot Co.—
At 8t. Paul
lO^OO
1411
$1,030,652 14
19,195 35
•44
Less Miscellaneous Credits.
•30
& Western division of the Chicago Burlington & Quincy RR., prior to Jan. 1,
Iowa
Iowa
1377
Iowa
•03
Minn.
•53
Minn.
11-65
Minn.
2-21
On
the
Paul to Minneapolis
Minneapolis Union Ry. Co.—
At Minneapolis
Winona Bridge Rt. Co.—
East Winona to Winona
East Winona to Winona
which date this division has been
operated in part as one of the Iowa lines and in
part as one of the Missouri lines:
New Bridges
$2,742 57
New Ballast.
1,950 80
1903, since
•23
Minn.
Add balance
Bonds
^45
'53
Wis.
•52
•39
At South
Colorado
Utah
&
Jet. to
:
. .
•20
New Side Tracks
New Bridges
12-00
2-65
$255,205 68
Cost of New Equipment paid for during the
year and charged Equipment Account
393,888 17
•46
2-79
Expenditures for Construction during the year on the
narrow-gauge roads controlled by the Chicago Burlington «Sj
Quincy Railroad Company were as follows:
Third rail, Englewood to Lead and Lead Yards,
23 67
-41
Southern Rt. Co.—
Colorado
11 •SO
Montana
12-62
Black Hills
Electric Line, BlackHills
Northern Pacific RR. Co.—
211-06
Total miles operated
The above mileage
Illinois
Wisconsin
Minnesota
8,323-83
located in
l,454^65 Kansas
is
223^10
38-45
Iowa
1,425^48
1,031-99
2,631-38
Missouri
Nebraska
260-44
429-35
199 90
277'56
351^53
Colorado
Montana
South Dakota
Wyoming
8,323^83
Note.—For details of the above mileage, see pages 41 to 44 of
pamphlet report.
Average number of miles operated during the year, 8,818-64.
In addition to the above, there was, on June 80, 1903:
Miles ol second track
479-54
CONSTRUCTION AND EQUIPMENT.
Expenditures.
Expenditures for Construction during the year ended June
1903, 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
$1,506,789
Tracey, Iowa Extension
"
101822
Savanna, 111., addition to yards
19*947
Daytons Bluff, Minn., addition to yards"*
39*920
Grand Crossing,
Wis., addition to yards.
|acUitles at Qalesburg, lU. . .
'^^J.*5J*'° i^
Addition
to facilities at Creston, Iowa
'
$32,687 63
39,163 06
35,965 14
5,785 66
2,400 79
New Tracks
New Buildings
Miscellaneous Construction
$116,002 28
Cost of New Equipment paid for during the
year and charged to Equipment Account
10,601 89
$126,604 17
Total
EQUIPMENT.
There were added during the year to the Equipment of the
Chicago Burlington & Quincy Railroad Company:
Engines
2
90 Way Cars
Baggage, Mail and Express
1,000
Box and Stock Oars.....
Oars
200
6 Coal and Flat Cars.
The Equipment of the C. B.
Q. RR. Co. on June 80, 1903,
was as follows:
Engines
21
1,262 Offloers' and Pay Cars (2)...
Passenger and Combination
563
Way Cars (1-2-3
Cars
68
Boarding
Cars
(3)
711
Baggage, Mail and Express
10
Wrecking oars
Cars (1)
32,964
274 Box and Stock Cars (3)
Dining Cars
19 Coal, Flat and Ore Car8(3-4). 12,146
Note.— (1) 3 Passenger and Combination Cars added account of
errorin 1902; 2 changed to Baggage, Mall and Express.
1 changed to Way Car.
1 Way Car changed to OEBcers* Car.
(2)
1 Box Car changed to Way Car 5 changed to Boarding;
(3)
56 changed to Company Service 672 changed to Coal
(
I
&
(
(
3<»,
$649,093 85
Total
-22
4-54
Nebraska
Huntley to Billings
30,166 96
5,582 49
8,642 76
Miscellaneous Construction
233
Colorado
Burns Jot
$8,377,302 58
Expenditures for Construction and Equipment during the
year on the standard-gauge roads controlled by the Chicago
Burlington & Quincy Railroad Company were as follows
Extending line and widening gauge, Iowa. $178,400 53
New Main Tracks
32,412 94
1-01
•72
.
Omaha
29,527 70
Total
•10
Nebraska
Nebraska
Sterling to Union
and purchased
$7,144,631 29
Transferred from Investments in Controlled roads on
account of purchase of the Burlington & Western Ry. 1,232,671 29
1-73
Omaha to Pappio
sold
Premium and Discount on
of Debit of
Total amount charged Construction Aoct. daring year.. $4,436,868 30
Cost of New Equipment paid for during the year and
charged Equipment Account.
.,
2,707,762 99
•98
Kansas Citt Union Depot Co.—
At Kansas City
Missouri
St. Joseph & Grand Island Rt. Co.—
K. C. & O. Jot. to Eudioott
Nebraska
Fairfield to Alma Jot
Nebraska
Union Pacific RR. Co.—
U. P. Trau.sfer to Omaha
Iowa
U. P. Transfer to Omaha
Nebraska
South
$4,693 37
2,027 85
Less Miscellaneous Credits
2,665 52
QinNCT Omaha & Kansas Citt RR. Co.—
At Milan
Missouri
Atchison & Eastern Bbidgk Co.—
Winthrop to Atchison
Missouri
Atchison U. D. & RR. Co.—
At Atohison
Kansas
Leavenworth Ter. Rt. & Br. Co.—
Stlllings to Leavenworth
Missouri
StiUicgs to Leavenworth
Kansas
AtStromsburg
1,011,456 79
Keokuk
Great Northern Rt. Line—
St.
$2,668,315 42
the Missouri Lines of the Chicago Burlington & Quincy Railroad:
New Line-Old Monroe to Mexico
)I?9l,997 39
Addition to facilities at Florence Yards
101,677 10
New Second Track, St. Joseph, Mo., to
157,874 49
Amazonia, Iowa
405,591 23
New Side and Passing Tracks
New Bridges
113,079 64
New Buildings
35,602 41
94,820 32
New Ballast
New Telegraph Wire
8,724 41
21,385 15
New Tools and Machinery
12-87
Donlkith a Dobdque Bridqk Co.—
East Dubuque to Dubuque
Illinois
East Dubuque to Dubuque
Iow&
Iowa
32,802 75
10,887 02
22,201 09
of Was'
On
Central RR. Co.—
Portage Curve to East Dubuque... Illinois
Rook Island to Clinton
Rook Island to Clinton
129,58188
32.924 04
12,.^77 52
824,902 87
•13
Missouri
1-43
Illinois
192,237 68
79,H23 03
201,309 10
the Burlington & Missouri River Railroad
in Nebraska and Branches:
New Rail
$86,754 03
New Hide and Passing Tracks
245,198 15
New Bridges
157,595 5*
Now Buildings
63,'53 27
New Fencing
30,627 25
Now Telegraph Wire
24,842 99
New Ballast
126,362 44
25,023 94
New Tools and Machinery
Electric Line— Black Hills
10,347 80
Land and Right of Way
14,905 43
Miscellaneous Construction
39,585 98
L
Louis to
Louis to
land for additional
On
Terminal Kailboad association—
East
East
$56,062 19
111.,
Miscellaneous Construction
1-22
•98
&
laoUitles
East St. Louis,
yard facilities
Land and Right
•34
Illinois
Rt. Co.—
East Alton to East St. Louis.
C. C. C.
^r.jgy.S^g la
New Rail
New Side and Passing Tracks
New Bridges
New Buildings
New Telegraph Wire
New Tools auil .Machinery..
1-52
Illinois
Brought forward
land for additional yard
111.,
ChloaKO.
Leased from other roads:
Ohicaoo & Alton Ry. Co.—
East Louisiana to Louisiana
East Louisiana to Louisiana
1299
)
;
31
02
68
19
43*505 28
65,232 79
20 631 85
;
and
(*)
Flat.
2 Coal and Flat change! to Company Service.
Humeston & Shenandoah Railway equipment [omitted
because vacant at time of purchase of road Engines,
3; Passenger and Combination Cars, 1; Way Cars, 1;
Box and Stock Cars, 17; Coal and Flat Cars, 3.
.
THE CHRONICLE.
1300
There were added during the year to the Equipment of the
standard-gauge railroads controlled by the Chicago Burlington & Qnincy Kailroad Company:
Coaches
X
And through
obtaining control of the Jacksonville
&
St.
Lonis Ky.:
Engines
PASsenger it Combination Cars
Buggage, Mall A Express Cars
Way
8
8
4
92
101
Cars
Box and Stock Cars
Coal and
'^
B^lat
Oars
The Equipment
of the standard-gauge railroad companies
controlled by the Chicago Burlington & Quincy Railroad
Company on Jane 30, i903, was as follows:
28
.... 47
Way Cars (i)
4
Combination Cars 33 Boarding Cars (-)
90i
Basgaife, Mall & Express Cars
9 Box aud Stock Cars (i)
496
OlMcers' Cars
1
Coal and Plat Cars
Note.— (1) 5 Box Cars chauged to Way Cars; 2 to Company Service.
(-')
1 Boarding Car changed to Company Service.
Engines
I
Pa.s.-<enger t
[Vol. lxxvit.
extension of the Burlington & Western Railway from
Oakaloosa to Tracey, Iowa, to connect with your Company's
branch from Albia to Des Moines, is now under construction.
The Quincy Railroad Bridge Company, which has heretofore been operated by this Company under a lease requiring
an annual payment, as rental, of ten per cent on the capital
stock of the Bridge Company, has been acquired by the purchase of 17,477 shares of its capital stock, out of a total issue
of 17,500 shares, * payment being made in C\ B. & Q. Illinois
Division 3% P^r cent bonds of 1949, thus affecting an annual
reduction
the rental amounting to three per cent on the
stock of the Bridge Company.
An arrangement has been made by which the C. B. & Q.
consolidated mortgage seven per cent bonds maturing on
July 1, 1903, have been extended for two years at four per
An
m
I
I
|
There were added dnring the year to equipment of the
narrow-gauge railroad companies controlled by the Chicago
Bnrlington & Quinoy Railroad Company:
Box Cars
... 3
1
Motor Cars
cent.
For further details relating to the affairs of the Company,
reference is made to the Report of the General Auditor and
following statements.
By order of the Board of Directors,
GEORGE
HARRIS,
B.
PresidenU
|
*
The Equipment of the narrow-gauge railroad companies
on June aO, 1903, was as follows:
19 Way Cars (-)
Engines (i)
3
Motor Cars
Pass.
&
Wrecking Oars (2)
13 Box and Stock Cars ('-)..
3 Coal, Flat and Ore Cars
3
C<imbination Cars
(-)
. .
2
105
304
Baggage, MLiil<S>Expr. Cars r-j)
<2)
Note,— (1) Engines sold, 7.
Cars sold: Passenger and Combination, 5; Baggage. Mail
(-)
and Express, 3; Way Cars. 3; Wrecking Oars, 4; Box
and Stock Oars, 127; Coal and Flat Cars, 128.
GENERAX REMARKS.
The length of road operated on June 30, 1903, was 8,324
miles, against 8,124 miles on June 30, 1902.
The average number of miles of road operated in 1902 3
was 8,319 miles, against 8,109 miles reported for 1901-2. The
gross earnings per mile of road operated were $7,529 56 in
1902-3, against $6,634 02 in
90102. The operating expenses, including taxes, per mile in 1902-3 were |4.873 48,
against |4,400 40 in 1901-2. The percentage of oper-iting ex
penses, including taxes, to gross earnings In 1903-3 was
64-72, ag-tinst 66-63 per cent in 1901-2.
The number of tons moved one mile increased 23-23 per
cent, as compared with 1901-02; and freight earnings increased 18-60 per cent; Passengers carried one mile increased 13*05 per cent, and passenger earnings increased 9-95
per cent. The percentage of operating expenses to gross
earnings decreased 161 per cent.
The total amount at the credit of Sinking Funds on June
This amount was increased
30, 1902, was $20,352,290 13.
during the year by the sura of $1,345,435 33, of which $721,757 70 was paid directly from the earnings of the year, and
the remainder, $623,677 63. was the accumulation of interest
on bonds held in the Funds. This increase was used in purchasing $1,276,600 bonds, of which $502,000 were canceled,
and $774,600 remain uncanceled in the Sinking Fund invest:
ments.
The Burlington & North- Western and Burlington &
Western Railways, narrow-gauge roads extending from
Burlington to Oskaloosa, Iowa, which have been heretofore
controlled by your
Company through
ownership of their
securities, have been consolidated under the name of the
Bnrlington & Western Railway, and dnring the year
changed to standard gauge and leased to your Company.
The remaining 23 shares have 8inoe;been purchased.
COMPOSITE* INCOME ACCOUNT.
Credit.
Balance as per Annual Report 1901-02..$19,785,021 32
Freight Earnings
$42,131,982 56
Hassenger Earnings
13,^8«,343 82
Miscellaneous Earnings
5,629,'<J70 34
61,647,596 72
Int. on Securities of Controlled Roads..
$2,461 86
Other Interest and Income
268,345 06
270,806 92
Net receipts of Land Department
7b,208 26
War Revenue Tax
711 48
June
30, 1902,
$81,782,344 70
Debit.
Operating Expenses
Rentals— Fixed Charges
Taxes, State, County and City
Interest on
$39,682,708 50
Bonds—
B.&Q andBranches
Cash paid to Sinking Funds—
C. B. & Q 4 per cent
Bonds
C. S.
<fe
Bonds
of 1922
Q. 4 per cent
of 1921
Q. 4 per cent
&
Bond80il927
C. B, & Q, 4 and
5 per
cent Bonds of
1919
C. B.
B.
& M.
43,000 00
232,530 00
B. RR. in Ne-
4
braska
per
cent
Bond80fl910
Lincoln & North-Western RR. 7 per cent
Bonds
$79,680 00
293,607 70
(Iowa Division)
of
1910
Other Charges
DividendsOctober 1, 1902
January 1, 1903
April 1, 1903
July 1, 1903
66,94000
6,000 00
721,757 70
759,465 00
$1,939,402 50
1,939,684 25
1,939,684 25
1,939,684 25
7,758,455 25
16,684,102 39
25,415,533 81
its
Balance at credit of Income Account
$31,782,344 70
30,
1903.
LIABILITIES.
ASS&TS.
Cost of Road and Equlptrent
.$302,654,666 85
Cost of Investmei ts in S'curities of Controlled Roads-
Davenport Kock Island & Northwestern RR. Co
$1,861,875 74
Kansas City & Omaha Ry. Co
1,144,301 65
Jacksonville & 8t. Louis Ry. Co
1,0.54,053 59
Iowa & St. Louis Ry. Co
1,194,642 93
Narrow- Gaui^e Railroads
2,lby,253 81
Quincy RK. Bridge Co
3,501,982 37
Capital Sock
Funded Debt
Matured Coupons, not presented
Coujjon interest to mature JiUy 1, 1903
$10,926,110 09
8,088,193 78
.
Trustees of sinking Funds, showing the cost of tincanceled securities and cash awaiting investment
held In Sinking Funds
Material and Supplies
Sundry Available Securities
Sundry Accounts and Bills Receivable
CaahonhaLd
$7,444,42444
C.
COMPOSITE' GENSRAL BALANCE SHEET JUNE
Bondry Investments
$37,742,439 23
192.17.3 95
1,748,095 32
13,493.132 66
4,882,964 81
509.H00 00
20,968,149 85
4,762,399 62
Unpaid Vouchers and Pay Rolls
Keller Department Fund....
Klre Insurance Fund
Replacement Fund
Sundry Current Accounts
Renewal Fund
Income Account
$110,839,100 00
156,050,900 00
w2,129 50
2,236,125 00
6,668,888 69
621,17601
79
Profltand Lohs
Sinking Funds, showing the total of payments to and
accretions of Sinking Funds forC. B. & Q. 4 and 5 per cent Bonds of
$4,647,450 25
1919 (Iowa Division)
C. B. <feQ. 4 per cent Bonds of 1921 ... 1,498,566 92
C. B, & tj 4 per cent Bonds of 1922
2,729,052 69
(Denver Extension)
C. B. & Q. 4 per cent Bonds of 1927
3,557,952 25
(Nebraska Extension)
B. & M. H. RR in Nebraska 6 per cent
Bonds of 1918
5,960,926 83
R. RR. in Nebraska 4 per cent
B. &
2,602,79507
Bond8ofl9l0
Bepuullcan Valley RR. 6 per cent
433,36294
Bondsof 1919
Lincoln <fc North Western BR. 7 per
267.618 51
cent Bonds of 1910
408,085
2,201,863
16,912.422
10,000,000
25,415,533
13,151,467
51
12
00
81
77
M
$366,285.417 66
21,697,725 46
$366,285,417 66
For the purpose of showing the Assets and Liabilities of both the Railroad and Railway Companies In the same form as has been here
tofore usea In the reports of the Railroad Company, the General Balance Sheet and Income Account Statement have been made in composite form.
'
Oct.
THE CHRONICLE.
24, 1903. J
1301
BUFFALO & SUSQUEHANNA RAILROAD COMPANY.
NINTH
ANNUAL REPORT-FOR THE YEAR
tion of the property hav-» been extremely gratifying, both
the net income for th^ year and the surplus after payment
of all dividends and charges being the largest in the history
of the company.
I'
The plans for further extensions of the lines of road and
the acquisition of additional coal properties, by subsidiary
or affihated companies, referred to at length in the last
annual report, have now been fully decided upon. The constmotion of the new lines is well under way, and extensive
purchases of coal 'lands have been made. Ample funds for
the fulfillment of these plans have been arranged for by
issuing from time to time the 4 per cent preferred stock of
this company and first mortgage i}4 V^^ cent boncis of the
As
LINES.
stated in detail elsewhere in this report, the Buffalo
1903.
producing revenue for some time to come.
Having in mind the great importance of securing an assured traffic to the r/iilroid, the Board of Directors of the
Buffalo & Susquehanna Coal & Coke Company took advantage of an opportunity presented in January, 1903, to sell the
tract of land known as the " Peale, Peacock & Kerr Purchase " (referred to in the last annual report) to the Buffalo
& Susquehanna Iron Company. The entire production of
coal and coke from this plant, and a part of the production
of iron from the furnaces of the Buffalo & Susquehanna Iron
Company at Buffalo, will be shipped over our road. The
funds realized by the sale of this property will be re-invested
Buffalo & Susquehanna Railway Company. A considerable
part of these funds has been paid into the treasuries of the
two corporations and the balance will be foithcoming as fast
as required, in accordance with duly executed contracts.
use.
30,
& Coke Company, no part of the tonnage,
except for local consumption and for Jooomoiive fuel, has
passed over our rails, and therefore we have not yet derived
any benefit in the way of freight earnings. From the date
of our first investment, in April, 1901, to the close of this
fiscal year, the dividends and interest on securities of the
Buffalo & Susquehanna Coal & Coke Company, and of the
Keystone Store Company, actually received in cash,
together with our equity in the undivided surplus of those
companies, have been equivalent to 508 per cent per annum
on the average amount invested. This is somewhat in excess of the cost to this company for use of the money, and
considering the circumstances, it is a very gratifying showing, especially so as the larger part of the money advanced
to the Coal Company has of necessity been invested in undeveloped lands and the construction of plants that will not be
:
The Buffalo & Susquehanna Railway Company was in
corporated under the laws of the State of New York Sept.
An engineering corps was put into the field last
23, 1903.
fall to begin surveys for the proposed line from Buffalo to a
connection with the existing lines of the Buffalo & Susquehanna Railroad Company at Wellsville. More time has
been consumed in the making of these surveys than was an
ticipated, for the reason Ihit several routes were feasible,
but it remained to be determined which was the more practicable as regards grades, while at the same time the wishes
of the inhabitants of the intervening territory and the possiThese matters
bilities for local traffic had to be considered.
have now all been decided upon and construction work will
soon be started.
All necessary permission from the local authorities has
been obtained and development of the terminal properties at
Buffalo has begun. The contractors have made considerable progress in excavating the ship canal along the northern
boundary of the terminal property, and have also started
the construction of the docks and slip. By the time the
main line of the railroad is finished to Buffalo, the terminal
properties will be fully completed and ready for immediate
JUNE
quehanna Coal
Buffalo, N. Y., September 17. 1903.
2o the Stockholder^ and Bon iho'ders of thi Buffalo cfr Stisqiieha itia Raiload Company
r'The Directors submit herewith their annual report for the
The results from the operafiscal year ended June 3 ), 1903.
NEW RAILROAD
ESDED
•
&
in other coal property.
During the past year the Coal Company has bought two
tracts of coal land, one being located at Troutville, Pa., and
the other at Big Run, Pa. Both of these tracts contain bituminous coal of excellent quality which can be economicThere are at present no mining plants on either
ally mined.
tract.
It is estimated that the Troutville tract contains
Fur6,000,000 tons and the Big Run tract 15,000,000 tons.
ther investigations are in progress, and it is probable that
other purchases will be made within the near future of lands
estimated to contain 30,000,000 tons. These purchases, if
made, will carry with them the control of other lands estimated to contain 20,000,000 tons.
Susquehanna
At the close of the fiscal year the Buffalo
&
Coal & Coke Company owned lands conservatively estimated
to contain not less than 55,000,000 tons of bituminous coal.
This does not include the 16,000,000 tons in the tract sold to
the Buffalo & Susquehanna Iron Company, referred to
above. All lands that have been acquired were thoroughly
tested and examined by expert mining engineers and the
titles were passed upon by our legal department before the
purchases were made. All properties have been paid for in
Susquehanna Railway Company has bought considerable cash.
rolling equipment, the larger part of which has already been
The plants at Tyler and Dubois are being operated to their
received and has been temporarily leased to the Buffalo & full capacity, snd will produce about 550,000 tons of coal
Snsquehalnna Railroad Company and placed in service Suf- during the current fiscal year. Part of the output of the
fi«ient additional equipment, which will be received during
Tyler plant is being made into coke. Another large plant is
the next year, to meet all of the requirements of the enlarged being constructed near Du Bois which should produce at
This plant will be ready for
system, has been contracted for.
least 300,000 tons annually.
The Susquehanna & Southern Railroai Company was in- operation by the time the line of the Susquehanna & Southcorporated in August, 1902, under the laws of the State of ern Railroad is built to that point. At Big Run the construcPennsylvania, to construct a line of road from our southern tion of another plant will be started about September 1, and
terminus at .-innemahoning, Pa., to a point in Jefferson this plant should proiuce at the end of the year 1904 at the
County about ten miles beyond Du Bois. No serious diffi- rate of 400,000 Ions per annum. Preliminary surveys are
culties were encountered in locating the line, and construcbeing made at both Medix Run and Troutville, and another
tion of the road was started last spring and has been actively plant will be started soon at one of those places, the capacity
carried on since that time. In order to obtain the best pos- of which will be about 250,000 tons annually.
sible grades, it has been deemed advisable in the construcWith the facilities of the company for the rapid construction of this line to build three tunnels, the shortest of which tion of the new plants, it is confidently expecttd that by the
is 200 feet and the lo^ge^t 1,400 feet between portals.
time the Buffalo & Susquehanna Railway is opened into
It is expected that the line of the Susquehanna & SouthBuffalo, the annual output of the Buffalo & Susquehanna
ern Railroad will be completed into the towns of Tyler and Coal & Coke Company will have reached 1,250,000 tons. BeDn Bois before January 1, 1904, and thus connections will fore that time the Buffalo & Suequehanni Iron Company
be established with two of the Buffalo & Susquehanna Coal will have completed the plant at Sykesville, which will
& Cohe Company's plants, which are in operation, at an produce coal and coke tonnage of about 300,000 tons per
earlier date than had been anticipated.
annum These two amounts make an assured annual tonEngineering parties are now in the field making surveys nage for our system of about 1,550,000 tons of coal and coke,
Suffifor the proposed cut off from Hull to Cutler Summit.
to which should be added not less than 200,000 tons per ancient progress has been made with the surveys to show defi- num of coal and coke shipped by other producers. Thus by
nitely that a feasible line can be built at reasonable cost, the time the road has been completed to Buffalo, the coal and
with grades lower than we had expected to find.
coke traffic should be about ,750,000 tons per annum, the
larger part of which will pass over the entire length of the
COAL PROPERTIES.
main line.
l
The Buffalo & Susquehanna Railroad Company (through
the Buffalo & Susquehanna Coal & Coke Company, organ
ized May 24, 1901, and controlled by ownership of all of its
stocks and bonds), has be -ome financially interested in coal
properties, primarily for the purpose of obtaining additional
assured, steady and remunerative traffic for its existing and
contemplated lines. Any profit, over and above the actual
cost for U36 of the money invested, that may accrue to it
from the direct operation of the properties is of secondary
consideration, although that matter will by no means be
neglected.
The line of our southern extensioi not being yet completed to a connection with the mines of the Buffalo & Sus-
MILEAGE OPERATED.
The lines of road now composing this system, the operations of which are embraced in this report, include 152*42
miles owned and 20*11 miles leased, a total of 172-53 miles.
No changes in mileage occurred within the year. The company's lines connect Addison and Wellsville, N. Y., with
Ansonia, Cross Fork, Sinnemahoning and Keating
Sam-
mit. Pa.
INCOME ACCOUNT.
The following is a comparative summary
company for the fiscal year:
tions of the
of the opera-
THE CHRONICLE.
1302
--Tear Ended June 30
Iiicrease.
1902.
•
1903.
$
1,000,752 39 835.748 43 165,003 96
Gross Earnings
89,813 94
Operating Expenses and Taxes. 568,292 98 478,479 04
Net EarulnKS from Operation...
Income Irom Other Sources
432,4ri9 41
100,335 08
357,269 39
37,672 03
Total At AiLABLB Tkcome..
532,794 49
394,941 42
147,902 50
2 00
148,66153
1,0(?3 74
In exchange for an equal amount of First Mortgage 5 per
oentbouds
To provide funds
of 6 per cent
Funded Debt
Other Deductions
Tot. Dkditcti'ns
from Income 147.904 50 149,725 27
Nkt INCOMB FOB Fiscal Teak 384,889 99 245,216 15
$138,006 66
The amount at credit of Profit and Loss Ac$385,918 46
count on June 30, 1902, was
7,648 60
From which were deducted sundry charges.
difference being
added
to the
above
1,
1903
34,000 00
44,000 00
$167,000 00
remained in the treasury.
The First Refunding Four Per Cent Mortgage of this
"1,061 74
company provides for a sinking fund equivalent to three
•1,820 77 cents for each gross ton of coal mined from those lands covered by the Purchase Money Mortgage of the Buffalo &
139,673 84 Susquehanna Coal & Coke Company. The payments into
Decrease.
$384,889 99
From the Net Earnings for the year
There were paid four dividends of 1% each
$70,983 33
on the preferred stock, amounting to
And there were paid four dividends of 1U%
each on the common stock, amounting to. 175,900 00 246,883 33
The
bonds due October
$89,00000
for the retirement
Total issued
*759 03
'
Leaving a balance of
Fund
The amount of First Refunding 4 per cent Mortgage
07 Bonds issued to June 30, 1903, was $3,309,000, of which
$43,000
Interest on
for the Sinking
To provide for refunding expenses
75,190 02
62,663 05
137,853
[Vol. lxxvii.
the fund have been constituted a charge against the earnings of the Buffalo & Susquehanna Coal
Coke Company,
and consequently they do not appear in the fixed charges
of this company, although the payments to the sinking fund
trustees are made through this company and in turn are
collected from the Buffalo
Susquehanna Coal
Coke
&
&
&
Company.
GROSS EARNINGS.
378,269 86
Gross earnings are shown in detail below. Freight earnings increased $130.17199; passenger earnings, $.6,210 49,
and total earnings, $165,003 96.
The increase of freight earnings was derived principally
$516,276 52 from the transportation of lumber and bark. However,
the revenue received from all classes of freight other than
The Profit and Loss balance of $516,276 52 represents the lumber and bark increased over the previous year 14'86 per
net surplus from operation, after payment of dividends and cent. This shows a satisfactory growth of a diversity of
all charges, from the date of organization to June 30, 1903.
business interests. A careful and systematic fostering of
This account has not been affected in any way by the refund- the passenger business has resulted in a substantial increase
ing operations or the issue of new securities, nor does it in passenger earnings. The increase in miscellaneous earninclude this company's equity in the undivided surplus of its ings consists principally of car mileage occasioned by the
subsidiary companies.
increase of equipment and better movement on foreign
The ratio of fixed charges (interest on bonds and rentals of roads.
leased lines) to total income available for that purpose in
OPERATING EXPENSES.
1903 was 27-76 per cent, as compared with 37"74 per cent in
Operating expenses increased $77,680 51, the largest items
1902, and 36'71 per cent from date of organization to June 30
being $38,741 50 in maintenance of way and structures and
1903.
Gross earnings, operating expenses (including taxes) and $33,230 45 in conducting transportation. Taxes increased
$12,133 43. The larger part of the increase in maintenance
net earnings per mile of road have been as follows:
1903.
1902. Tncreaie. of way and structures represents expenditures made for bet$5,P01
$4,844
$957 tering the property rather than for any deferred mainGross Earnings
52
3,294
2,773
Operating Expenses and Taxes.
tenance that should have been made or provided for in
$2,507
$2,071
$436 former years. Extensive ditching, rip-rapping, cutting
Net Earnings
down slopes, straightening track and renewals of bridges,
FINANCIAL CONDITION.
buildings, fences, etc., were done, the total cost being
The financial condition of the company on June 30, 1903, is charged to operating expenses.
Notwithstanding a large increase in train and locomotive
shown by the balance sheet on a following page. All known
mileat?e,
the maintenance of equipment account shows but
Continliabilities and assets of every character are stated.
gent liabilities and assets are fully provided for in the a slight increase. This was becausa all of our equipment was
Leaving the balance at credit of Profit and
Loss Account on June 30, 1903
several reserve accounts.
The excess of working assets over working liabilities
amounted to $191,325 03. There was also in the treasury at
the close of the fiscal year $319, 513 10 in cash derived from
the sale of bonds and $1,025,000 in cash and call loans derived
from the sale of preferred stock. In addition to those assets
there were on hand s'eel rails and ties for new construction
in excellent condition.
The following statement shows the amounts expended per
mile of road operated, and charged in operating expenses, for
maintenance of way and structures, and the amounts expended per locomotive, per passenger oar and per freight car,
and charged in operating expenses, for maintenance of equipment, during each of the last three years
purposes valued at over $100,000.
Way and Structures,
CAPITAL STOCK.
At the close of the previous fiscal year the amount of Preferred Capital Stock authorized was $4,000,000 (80,000
shares, par $30), of which $1,000,000 had been disposed of,
leaving $3,000,000 of stock in the treasury. During this
fiscal year $2,000,000 par value of the treasury stock has been
Hence, at June 30, 1903, the amount of Predisposed of
ferred Stock outstanding in the hands of the public was |3,000,000 and the amount in the treasury was $1,000,000.
The proceeds of the $3,000,000 Preferred Stock sold and
outstanding have been used as follows:
Invested in Capital Stock of the Buffalo & Susquehanna
$1,140,000 00
Coal <fe Coke Company
25,000 00
Invested in stock of the Keystone Store Company
Advanced to the Susquehanna & Southern Kailroad Co.
400,000 00
for construction (stock to be received when issued)
Temporarily invested in Purchase Money Notes of the
410,000 00
Buffalo St Susquehanna Coal & Coke Company
$1,975,000 00
$935,000 00
90,000 00 1,025.000 00
Loaned at interest
Cash on hand
$3,000,000 00
Total
changes occurred during the year in the Common Capital Stock issued, the amount outstanding being $3,518,000
All but $2,500 of directors' quali(70,360 shares, par $50).
fying stock is owned by the Buffalo & Susquehanna Railway
No
Company.
The
the treasury.
additional
amount
of $1,037,500 is held in
FUNDED DEBT.
During the fiscal year the amount of outstanding First
Mortgage 5 per cent bonds was reduced by the retirement of
$52,500 through the operation of the sinking fund and the
exchange of $89,000 for an equal amount of First Refunding
Mortgage 4 per cent bonds. The amount of First Mortgage
5 per cent bonds outstanding at June 30, 1903, was $356,500.
The First Refunding Mortgage Bonds outstanding were
increased $167,000 during the year, of which amouat $29,000
represents an increase of bonds held in the treasury to be
used for the payment of refunding expenses. The bonds
issued during the year were for the following purposes:
per mile
Locomotives, each
Passenger Cars, each
Freight Cars, each
1903.
1902.
$869 58
$645 03
1,785 64
309 10
45 62
1,340 08
290 29
1901.
$592 83
1.465 75
294 62
3107
The increase in cost of Conducting Transportation was
49 63
movement of a larger traffic.
roads, increase in the wages of
some classes of labor have been made. Since April 1, 1903,
the cost per ton of fuel for locomotives has increased about
15 per cent.
'The large increase in taxes "was brought about by the tax
imposed by the State of Pennsylvania on the increased capital
of the company.
principally incidental to the
In
common with neighboring
TRAFFIC AND TRANSPORTATION.
The number of tons of revenue freight carried increased
from 1,116,526 to 1,339,182, or 19-94 per cent. Tong of
revenue freight carried one mile increased from 37,757,996
Freight earnings per mile of
to 48,517,126, or 15'25 per cent.
road increased from $4,026 88 to $4,781 37, or 18-74 per cent.
Average earnings per ton of revenue freight carried decreased from 62-23 cents to 61-60 cents, or I'Ol per cent.
Average earnings per ton per mile of revenue freight carried
increased from 1-840 cents to 1 -896 cents, or 3*04 per cent.
The number of passengers carried increased from 237,466
to 275,545, or 16-04 per cent. Number of passengers carried
one mile increased from 3,821,253 to 4,320,5S6, or 13-07 per
cent. Passenger earnings per mile of road increased from
$646161 to $740 57, or 14-53 per cent. Average earnings per
passenger carried decreased from 46-979 cents to 46-370 cents,
or 1-30 per cent. Average earnings per passenger per mile
increased from 2*919 cents to 2-957 cents, or 1-30 per cent.
The mileage of revenue freight trains (including threefourths of mixed trains) increased from 303,198 miles to
344,215 miles, or 13-53 per cent. The average distance that
one ton of revenue freight was carried decreased from 33-82
miles to 32-50 miles, or 3'90 per cent. The average number
of tons of revenue freight carried per freight train mile increased from 124-53 tons to 126-42 tons, or 1-52 per cent.
The mileage of revenue passenger trains (including onelourth of mixed trains) decreased from 2;22,369 miles to
.
Oct.
1
THE OHRONTCLK.
24. 1903.]
The average distance that each
passenger was carried decreased from 16-09 miles to 15 08
miles, or 2o5 per cent. The average number of passengers
carried per passenger train mile increased from 17 to 30, or
17-65 per cent.
220,249, or 0-95 per cent.
PHYSICAL CONDITION.
close of the year finds the propertj- in much better
condition than at any previous time in its history. About 65
per cent of the track is laid with 80-pound rails, 10 per cent
1303
blnation cars. The remainder of this equipment will be received during the coming year and will be immediately
leased to this company and put into service. AH equipment
owned and leased is in good condition. All freight cars are
equipped with automatic couplers, and 1,138 of a total of
1,401 freight and work cars are equipped with air-brakes.
GENERAL REMARKS
The
with 70-pound;and the remainder with 67-pound and 65- pound,
and a small quantity of 60-pound rails. As S3on as conditions make it^ad visable, the smaller sizes will be replaced with
standard 80 pound rail. All sidings and spurs, as well as all
main track, are of steel.
The track and bridges are
in good condition and capable
of supporting the heavier traffic that will come with the com
The roadbed is well drained and
pletioii of the new lines.
ballasted with gravel and cinders and the station buildings
and other structures are generally in good repair. The matter of reduction of grades and curvature is receiving attention.
During the past year the Buffalo
Company
&
Susquehanna Railway
new equipment
contracted
1903, of 3 locomotives, 400 coal
received a part of the
for, consisting, on June 30,
cars and 31 work cars. Immediately
equipment from the builders
it
was
upon receipt of this
leased to this company
at a fair rental. In addition to the equipment mentioned
the Buflfalo & Susquehanna Railway Company has contracted
for 12 consolidation freight and 3 Atlantic type passenger
locomotives, cf which 5 consolidation locomotives have
been received since the close of the fiscal year. Also contracts have been made for 3 passenger coaches and 3 com
During the year no accidents happened to passenger trains,
no passengers were injured, no trainmen were killed or seriously injured. No expensive freight wrecks occurred and
the company was unusually free from minor accidents.
Following the precedent of previous years, the books and
accounts have been examined by certified lublic accountants
and their certificate is incorporated in this report, confirming the statements of the Auditor.
In order to devote more of his attention to the affairs of
the subsidiary and affiliated companies, Mr. C. W. Goodyear
resigned the title of General Manager on June 1, 1903, but he
retains his title and will continue to fulfill the duties of
Second Vice-President.
Mr. C. Peter Clark, formerly General Superintendent of
Hartford Railroad, was, on
the New York New Haven
June 1, 1903, elected General Manager of the company. As
cf the same date, Mr. Clark was also elected Second VicePresident of the Buffalo & Susquehanna Railway Company.
The Board takes pleasure in renewing its scknowledgoient
to the officers and employees for their faithful and efficient
service and loyalty to the interests of the company.
By order of the Board,
&
F. H.
Chairman.
COMPARATIVE CONDENSED BALANCE SHEET AS OF JUNE
ASSETS.
June
Cost ol Road and Property
RolliDg Equipment
Seooritles
and Leasehold Interest, Leased Lines
Rolling Equipment, Leased Lines.
& Susquehanna Coal
Purchase Money Mortgage
Purchase Money Notes
Capital Stock
Buffalo
June 80, 1902.
$5,716,901 13
506,321 S4
$6 223,222 97
$179,950 00
3,250 00
183,200 00
$5,631,872 10
506,321 84
$6,138,193 94
$179,950 00
3,250 00
183,200 00
&
Coke Co., viz.—
less sinking fund applied
$252,658 47
615,486 90
1,140,000 00
Co., Capital Stock
Capital Stock in Treasury (per contra)
Preferred Capital Stock in Treasury (per contra)
First Ref. Mortgage 4 per cent Bonds in Treasury (per contra).
First Ref. Mortgage 4 per cent Bonds In Sinking Funds
Uninvested Sinking Funds.
Advances to Susquehanna & Southern RR. Co. for construction
Cash-tlnexpendtd Proceeds of Bonds Sold
Cash— Unexpended Proceeds of Preferred S'ock Sold.
Loans— Unexpended Proceeds of Preferred Stock Sold. ..^... ...
2,008,145 37
305,486 90
10.000 00
1,000,000 00
43,000 00
$^,000 00
33,600 70
40.600 70
$3,000 00
54,109 06
400,000 00
319,513 10
$90,000 00
935,000 00
ToT.\L Invested Assets
Cash....
Cash with Financial Agents to pay Coupons
Cash in Transit.
Due from Agents and Conductors
Due from U. S. Government, Post Office Department
Due from other Roads, Companies and Individuals
—
Unnxpended Insurance
1,025,000 00
Total Working Assets
LIABILITIES.
$3,000,000 00
1,000,000 00
Common, Outstanding
Common, In Treasury (per
First Refunding Mortgatre 4 per cent
First Refunding Mortgage 4 per cent
$3,518,000 00
1,037,500 00
contra)
Bonds Outstanding
Bonds in Treasury (per contra)
$3,266,000 00
43,000 00
Mortgage 5 per cent Bonds Outstanding
Total Capital AND Mortgage Liabilities
Unpaid Pay Rol's
Coupon Interest Unpaid (including that due JiUy 1)
Due other Ruads, Companies and Individuals
Dividends Unpaid (including that due July 1)
Accrued Interet-t on Funded Debt
Accrued Sinking Fund
Accrued Taxes
Rfnewal Reserve Funds
Si>eolal Reserve Funds
Other Accrued Liabilities
$12,545,95149
$12,400,763 32
$195,365 10
65,422 50
5,744 39
17,750 56
$265,070 85
2,661 07
184,812 10
77
79
54
77
47
63,505
5,J56
12.135
2,639
111,937
32,209
4,225
12,008
Surplus brought forward from previous year.
Net surplus, after payment of dividends during
year
$385,918 46,
130,358 06
36
52
$50^889 07
$13,040,936 76
$12,909,652 39
June
30, 1902.
$4,000,000 00
$1,000,000 00
3,000,000 00
$4,000,000 00
4,555,500 00
$3,518,000 00
1,037,500 00
4,555,500 00
3,309,000 00
$3,128,000 00
14,000 00
3,142,000 00
356,500 00
498,000 00
$12,221,000 00,
$12,195,500 00
$23,«42
63,50 ^
127.509
43,9.5
6,225
2,124
12.458
43,349
1.061
13|
ii;
94'
26
00,
218
82
4,165
$303,660 24
this fiscal
00
$494,985 27
2,105
15,232
54,875
21,667
1,375
4,167
Total Working Liabilities
880,000 00
188,822 16
$26,309 95
65,422 50
€3.735 781
44,31.i 50
4.456 25
Surplus Leased Lines
57,109 06
240,769 35
June 30, 1903.
Capital Stock, Preferred. Outstanding
Capital Stock, Preferred, in Treasury (per contra)
00
00
00
00
319,513 10
$266,430 73
613,569 27
4,732 91
18,496 64
Other Accrued Assets
572,425 06
10.000
1.037,500
3,000,000
14,000
1,0!17,500 00!
Fuel, Material and Supplies
Bills Receivable
$256,93'? 16
25,000 00
Common
First
1903.
30,
30, 1903.
Keystone Store
Capital Stock.
Capital Stock,
GOODYEAR,
$516,276 52
$13,040,936 76
20
00
44
00
00
17
05
28
24
73
82
$328,233 93
$317,932 16
67,986 30
$385,918 46
$12,909,652 39
THE CHRONICLE.
1304
COMPARATIVE STATEMENT OF INCOME ACCOUNT
For Two Years Ended Junk 30, 1903.
1902-03.
.
.
Matl EarTitngs
Eami.
'£am*.
Amount,
Amount.
82-'43
$824,929 25
127,76!< 73
10,6^0 35
4,35163
33,05143
$694.757 26
111559 21
9 992 35
4,334 40
15,105 18
12-77
1-06
Expreos Earntnga
MUoellaneous Earnings...
-43
3-31
.
Per Cent
of Groti
of Gro$$
Frels;ht EarnliiKS
Pass.»n<'er Earnings
Brought forward
1901-02.
.
Per Cent
[Vol. lxxvii.
83-13
13-35
1'20
'62
92,ooS^ii gs
The First Mort. 6 p. o. Bonds Retired amounted to
The Cost of Road and Property has been Increased
The Stock of Fuel, Material & Supplies has been incr'd
$141,500 00
85,029 03
51,947 19
Total Increase of Invested Assets
Leaving a balance representing that part of the resources acquired from operating the property
which has been used to further increase the Net
Working Assets
$2,286,688 17
1-80
Total Application of Resources Acquired.
$2,297,358 06
.
.
10,669 89
Total Gross Earnings. 100-00 $1,000,752 39 $835,748 43 100 00
fcTATISTIOS
Way and
Maintenance of
2262
59,98191
7-18
$547,122 05 $469.44154
9.037 50
21,170 93
5617
$478,479 04
67-25
»150,028 31
111,91072
ConiluctingTransportatlon 22-21
6-29
General Expenses
222.269 13
62,913 89
Structures
Tot alOperat'gKxpens. 54 67
212
Taxes
Total Opkratinq Ex56-79
pjlNSKS and Taxbs
13-31
13-06
$111,286 81
109,134 14
189,038 68
14-99
Malntenanceof Equipment 11-18
$568,292 98
1-08
YEARS ENDED JUNE
30.
Freight Traffic—
1903.
1902.
Freight earnings
$824,929 25 $694,757 26
Per cent of gross earnings
82-43
8313
Number of tons carried
1,339.182
1,116,526
Number of tons carried one mile
43,517,126
37,757.996
Average distance in miles one ton carried...
33*82
3250
Number of tons carried per mile of road
7,762
6,471
No. of tons carried one mile per mile of road
252,229
218,849
Freight eHrnlngs per mile of road
$4,78137
$4,026 88
Average earnings per ton (cents)
61*60
62-23
Average earnings per ton per mile (cents) .
1*840
1896
Average number of tons per train
126*42
124 53
Freight earns, per revenue freight train mile
$2*39655
$2*29143
.
Nkt
Earnings
Opkbaiion
n
From
$432,459 41
43-21
$357,269 39
42-75
Passenger Traffic-
Income from
owned
Passenger earnings
$127,769 73 $111,859 24
Per cent of gross earnings
12*77
13 35
Number of passengers carried
275.545
237,466
Number of passengers carried one mile
4,320,556
3,821,253
Aver, distance in miies each pass was oarr'd
15*68
16*09
No. of passengers carried ptT mile of road...
1,597
1,376
No. of pass, carried one mile per mile of road
25,042
22,143
Passenger earnings per mile of road.
$74057
$64661
Average earnings per passenger (cents)
46*979
46370
2'957
Aver, earnings per pass, per mile (cents)...,
2*919
Average ouaaber of passengers per train
20
17
Passenger earnings per revenue passenger
train mile (cents)
58*011
50*169
Securities
$51,27029
49,064 79
InUrest on Current Accts
Total Other Income
Tot. Available
Income
Interest on Funded Debt,
5 per cent Bonds
Interest on Funded IJebt,
4 per cent Bonds
$13,327 47
24,344 56
$100,335 08
$37,672 03
$532,794 49
$394,94142
$20,554 17
$29,417 07
127,348 33
119,244 46
2 00
2 50
Rental Leased Lines
Other DeduoUons from
Miscellaneous1,06124
Income
Average miles of road operated
Gross earnings per mile of road
$147.904 50 $149,725 27
Net Income
$384,889 99
Percentage of OperatiNO Expenses and
Taxbsto gross Earns.
At'gb Miles Operated.
172*53
$5,800 45
3,293 83
2,506 57
Operating expenses & taxes per mile of road
Net earnings per mile of road
Maintenance of way and ttructores per mile
$245,216 16
maintrack
Average cost of repairs per locomotive
Average cost of repairs per oar of cars in
869S8
64503
1,34008
1,785 64
49 63
45 62
290 29
309 10
168 04
269,955
195,295
99,814
3i,906
?99,370
680,511
225 74
231,817
ly8,575
freight service
56'79 per cent.
172-53 mUes.
57-25 per cent.
172-53 miles.
PROFIT AND LOSS ACCOUNT.
Year Ended June 30, 1903.
Average cost of repairs per car of cars in
passenger service
Average cost of repairs per car of oars in
work service
of revenue freight trains
of revenue passenger trains
of revenue mixed trains
of non-rei*enue trains
Total train mileage
Total locomotive mileage
Mileage
Mileage
Mileage
Mileage
Credits—
$385,918 46
Balance brought forward July 1, 1902
Net Income 1'^ months ended June 30, 1903... 384,889 99
Reserve deducted from income of previous
1,06124
year now written back
Total Credits
Debits—
•
$771,869 69
Four quarterly dividends of 1 per cent each
$70,983 33
paid on Preferred Stock
Four quarterly dividends of IJ4 per cent each
175,900 00
paid on Common Stock.
8,709 84
Adjustment of Accrued Taxes, year 1901
172-53
4,844 08
2,773 31
2,070 77
9.5,175
33,3'!5
561,932
631,267
Note.— The above statistics are based on revenue freight tonnage
and do not Include tonnage or revenue on company material The
mileage of revenue mixed trains is apportioned, three-fourths as
freight train mileage and one-fourth as passenger train mileage, In
making calculations involving the use of train mileage results.
DIVIDENDS.
Dividends have been paid on the Capital Stock of the Buf& Susquehanna Railroad Company as follows;
falo
255,59317
Total Debits
Balance oarrled forward June 30, 1903
$516,276 52
STATEMENT SHOWING RESOURCES AND THEIR
APPLICATION
Ddrino the Fiscal Year Ended June
30, 1903.
Resources Acquired—
Resources Provided out of Capital, viz
$2,000,000 00
From Sale of Pretened Stock
From issue of 1st Refund. M. 4% bonds 167,000 00 $2,167,000 00
:
Resources A cqulred from Operation of Property, viz.:
Surplus Earnings after payment of interest, dividends and all charges
Total Resources Acquired
$2,297,358 06
rate p.
1, '^18,000
1,518.000
1,5
8000
$44 400
6.'^,500
75,900
75,900
75,900
75,900
138, «50
5
1,518.000
3,518,000
'713
5
5
l''5,900
3,518,000
3,000,000
**4
70,983 33
3,51>',000
1903
paid.
e.
4
5
5
5
5
$1,110,000
1,518,000
Preferred Stock—
175,900
$1,518,000; IH per cent on $3,518,000.
per cent on $1,000,000 1 per cent on $1,750,000 1 per cent on
$1,900,000 (less item of $516 67 referred to in statement oi Ptofft and
Loss Account); 1 per cent on $2,500,000.
*
130,358 06
June 30
1895
1896
1897
1P98
1899
1900
1901
1902
1903
Amount
Dividend
Outn tan ding
Common Stock—
6H per cent on
** 1
;
;
Application op Resources—
Invested in Securities of Su» sldlary Cos.
and uped for Sinking Funds of this
Companv,
viz
Coal&CokHCo
Purchase Money
$15,000;00
Not'
s,
Buffalo
<k
30 Broad Street,
Sus-
(Stork to be received when iRSued). ..
First Refunding Mort. 4 p. 0. bonds for
310,000C0
New York
September! 7,
1903.
&
Sus-
quehanna RR, Co
We have made an examination of the books and accounts
of the Buffalo & Susquehanna Railroad Compaoy for the fiscal year ended June 30, 903, and hereby certify that, the
95 Balance Sbeet and Income and Profit and Loss Accounts
published herewith are in accord>ince with the books; and we
1
$1,834,211
The Funds Avai'able for Investments or
f(.r Improvement" to Property have
Stockeold
Calvert Street, Baltimore.
To the Stockholders and Bondholders of the Buffalo
In
been increased as follows:
First Refu dlr g Mort. 4 p. 0. bonds for
refuridliK expenses
Unexpended Proceeds of Preferred
8.
16 E. Broad Street, Columbus, O.
400,000 00
$1,859,000 00
valuation of Purchase .Money Mort. Huff. ASusa. C<)al
<fe Cohe Co. by applicailon of Sinking
Fund received from that co.ipany,
$4,279 69; rednotlo" of balance of
uui vested Slnkine Fundsin bandsof
24,788 05
trustees, $20,508 36; total
New York.
16
131 State Street, Boston.
4,000 00
Fund
Less— Reduction
Certified Public Aeeountantt,
1,130,000 00
--..
quehanna Coal & Coke Co
Advances to Susq. & Soithem RR. Co.
Sinking
PATTERSON, TEELE & DENNIS,
:
Capital Stock, Keyotone Store Co
Capital Stock, Buffalo A Susquehanna
have
satisfied
ourselves that they accurately set forth the
and the financial condition as
results of the year's operations
on June 30, 1903.
$29,000 00
145,00000
Patterson, Teele
174,000 00
&
Dennis,
Certified Public Accountants,
.
—
Oct.
THE CHRONICLE.
24, 1903.]
1305
THE WABASH RAILROAD COMPANY.
EXTRACTS FROM THE FOURTEENTH ANNUAL REPORT OP THE DIRECTORS— FOR THE FISCAL YEAR
ENDING JUNE 80, 1903.
St. Louis, Mo., October
To the Board of Directors of the Wabcuh Railroad
Mr. O. D, A$hley, Chairman.
and longer passing tracks—and we may now expfct an
1903.
1,
Company,
The annnal report for the year ending June 30, 1903, herewith submitted, like all the anunal reports since June 30,
1897, shows a cent nuous growth in the earnings of the system and great improvements in the condition of the property and in its equipment and facilities for handling its
traffic economically and promptly.
The following statement gives in condensed form the
revenues, expenses, charges, etc., for the fiscal year as compared with the previous year
:
1902-03.
190102.
Total revenue from all souroes was.. .$21,608,766 88 $19,370,781 32
Expensea of operation, Includingtaxes,
15,234.016 79
17,350.805 40
track rentals and miscellaneous
Interest
on bonds.
Net revenue
Additions to property
Sinking fund cbargea, account new
equipment, steamers and amount
set aside for
Dividend of 6
bonds
new equipment
p. o.
Sxirplns to profit
$4,257,951 48
3,034,512 60
$4,136,764 53
$1,223,438 88
253,132 15
$1,172,007 66
583,499 60
$970,306 73
$588,508 06
564,156 65
177,048 02
$406,150 08
$411,460 04
210,000 00
210,000 00
$196,150 08
$201,460 04
2,i(64,756 87
on debenture "A"
and
loss
account
The great growth of the traffic and revenues since
clearly shown by the following comparisons:
Ton
Tear.
1897
1898
1899
1900
1901
1902
1803
yfiles.
1,149,989,024
1,36=',693,174
1,666,830,054
1,902,881,278
1,978,952,453
1,947,404,142
2,198.073,383
Increase 1903 over 1897
Pafienger ViUs.
135,963,860
180,359,167
210.592.939
233,^48,065
264,268,214
322,708.490
330,111.942
Grosf
is
83
TERMINAL BOND
The large increase
in traffic,
ISSUE.
and in equipment for moving
—
the traffic— cars and engines has clearly demonstrated
during the past two years the utter inadequacy of our facilities for handling 'loading, unloading and warehousing
this traffic at our principal terminal points— Chicago, St.
Louis, Detroit, Toledo, Kansas City and other points. Under
ordinary conditions we might have been able to gradually
secure the land necessary for these increased terminal facilities and have paid for them out of earnings during the rext
few years, but the conditions were such, owing to the
scarcity of choice locations for terminals in the large cities,
the pressing necessities calling for immediate relief, and the
activity of competing lines in par basing desirable lands
for their own terminals, that immediate action on the part
of your company was necessary; delay was very dangerous.
The plan of a Terminal Bond issue was therefore decided
upon, the total issue to be $10,000,000, |4,000,000 to be used
for immediate requirements.
Pursuant to this plan, land was bought in St. Louis,
—
Earns
$11,526,787
13,207,862
14,393.974
16,440,990
17,554,465
19,053,493
21,140,829
1428%
91-1%
1897
in-
crease in the net earnings of that division. The completion
of bridges will now permit of the use of our heavier engines, giving a more f conomical operation in train service.
The new engines (50) omtracted for last year are beingf
delivered now. Those received and in service are showing
good results. Five hundred 40-ton steel underbody flat cars
were received early in the spring. One thousand five hundred 40- ton coal cars were contracted for, and at present
date 500 have been received. The remaining 1,000 are nowbeing completed at the shops. Forty- two passenger coaches,
chair cars, postal and baagage cars were received under
contracts entered into during the year, and twelve more are
yet to be delivered. On these contracts 15 per cent to 20
per cent was or will be paid in cash out of amount appropriated by the Board for new equipment, and car trust
notes rnnning sixty months, at 5 per cent interest, will be
given for the balance,
In anticipation of a very large passenger travel on account
of the Exposition at St. Louis, it was deemed wise to push
the work on the tracks, changes of grade and increased siding and double-track facilities during the past year, and
have this work all completed by Dec. 31, 19U3, and thus
avoid any work on main tracks during the Exposition
period. May 1 to Nov. 30, 1904, reducing liability of delays
and accidents to our passenger traffic. This policy accounts
for a good portion of the increase in extraordinary expenses,
4%
There is every prospect of a continuance of this satisfactory growth in our traffic, for the current year at least. The
increase for the quarter July 1 to Sept. 80, 1903, will be at
least $850,000, which justifies an estimate of at least $33,000, OuO gross earnings for the current year ending June
30, 1904.
INCREASE IN WAGES, ETC.
of other railways, until every class of the service has received from 10 to 20 per cent advance over the rate paid
two years ago. In addition to the direct increase in ratts of
pay, rules, changing hours of work, mileage, doubling and
overtime have materially added to the cost of train and
switching service. The total increase due to these advances
in wages and changes in rules will fully reach $550,000 per
bounded by Second St. and Third St., and extending from
Franklin Ave. northward about 1,200 feet, giving aboat
eleven acres of ground within three blocks of the business
section of St. Louis. No other railroad can secure as choice
a location for freight-house purp ses. At Chi ago, Detroit
and Toledo plans have been developed and progress made in
securing land.
These desirable and valuable terminals will add so largely
to our revenues that the fixed charges of the Terminal Bond
issue will be more than met from these sources, and they
will hasten, instead of delay, the time when the holders of
debentures and the stocks of the company will receive-
year.
dividends.
While there were general advances in wages during the
year ending June 30, 19ti2, tbe increases then made did not
satisfy all the employees, and during the present year large
additional increases were rendered necessary by the action
IMPROVEMENTS, NEW EQUIPMENT, ETC.
ANALYSIS OF OPERATION.
The work
of building up the property and improving the
conditim of tracks, roadway, station buildings and facilities, reduction of grades and elimination of curvts and increase in rolling st' ck and motive power continued with
vigor during the year. The details of this work are shown
in the maintenance of way and equipment statements (in
.pamphlet report).
The principal items of expenditures on account of additions
and improvements were
:
Additions to tracks, shops, stations, real estate, etc
Fornew engines, freight and passenger cars, including
sinking fund on equipment mortgage
New machinery in shops
Reduction of grades and fllline in trestles
New st^eel bridg.-s to replace wooden trestles and weak
iron structures
698,214 69
80.403 33
268,318 39
481.801 30
Total extraordinary expenditures
28,192 tons, or 223-9 miles, of 80-pound steel rail
laid in track at cost of
The contracts referred
$379,722 95
$1,908,460 66
was
$347,412 31
annual report for repoints on the Chicago Division
to in the last
duction of grades at five
were completed, and work is now progressing at Carpenter
Hill. Cu.-,ter Park. Bement and Edwardsville, all of which
work will be completed by Dec. 31, 1903, when our Chicago8t. Louis hne will be operated on a 21 foot per mile grade
basis.
During the year all the rid bridges on the Buffalo Division
were replaced with modern steel bridges at a total cost of
over $500.0l'0, of which the Wabash paid over $.3i 0,000.
This division has been practically rebuilt since the Wabash
commenced running over it— heavy bridges, rail, ballast
Operating expenses increased $1,96S,226 (14-31 per cent); of
this amount .|782,527 was in maintenance of way and structures, an increase of 26-81 per cent over 1903.
The principal item of increase in maintenance of way was
repairs and renewals of bridges, which was $500,220 22 more
than last year, $304,434 87 of this was the Wabash wheela^e
proportion of amounts expended on bridges on the Buffalo
Division, which will enable us co use heavier engines on that
division and largely increase the train-load, as well as to cut
down the running time of our fast passenger trains over that
division.
The total amount expended for maintenance of
way and structures was $3, 7i 0,962, or $1,4U0 per mile of road
operated. [Tables show new 80-lb. steel rail laid, 2b,08o tons
(223 miles), contrasting with i'S.TST tons (204 miles) in
1901-02, number of cross-ties laid in main track, 596,751,
against 8 2.784 in 1901-02; mil-s of track ballasted with
stone, gravel, burnt clay, etc., 134, against 248; decrease in
trestle, 4,3t0 feet, against 10,510 feet in 1901 02, etc.].
1
FREIGHT TRAFFIC.
The freight traffic statistics show an increase of 250,669,241 (12-87 percent), in "tons revenue freight carri-d one
mile," at an average rate of 06063 cents per mile, an increase of 0-0022 cents (0-36 per cent), at a cost per ton mile
of
4692 cents, an increase of 00063 cents (1 36 per cent),
leaving a net profit of 0-1371 cents, as compared with 0-1413
cents last year, a decrease of 0-' 041 cents (2 90 per cent).
1 he average revenue per freight train mile was $1*{?297; expense per mile $ -4159, a d net earnings, §i)-4138, against
|l-7195, $1-3178 and $0-4017, respectively, last year.
The
THE CHRONICLE.
1306
total freight train mileage
44^037, about 6-4S per cent.
was
an increase of
7,284,158,
1'
,
and the actual number of passengers carried was
an increase of 839,611 (16-43 per oent).
cent,
913,
The loaded cars per train decreased 0"37 cars; the load per
oar increased ri3 tons and the revenue train load was 801 '76
tons, against •.?S4'fi6 tons last year, an increase of 17 10 tons,
6"01 per cent.
The actual train-load, including companyfreight, was 331 '29 tons, against 316'38 tons last year.. The
increase in train-load over lfc95 has been 125'47 tons(71*17
per oent), and car-load has increased 4'45 tons (33 '29 per
cent). In the preparation of train statistics, all loaded oars,
whether "revenue," freight or "company" freight, are included in "loaded cars per train."
With an increase of 12'87 per cent in " services rendered,"
" tons carried one mile," there was an increase in freight
1.
revenue of $1,563,937 (1329 per cent), with an increase of
$1,298,350 (14'40 per cent) in expenses of freight traffic. While
the increase in freight tonnage was 12'97 per cent, the increase in freight-train service was 6*48 per cent.
[Vol. Lxxvii.
5,948,-
CAR DEPARTMENT.
The expenses
of this department for the year ending June
were, as last year, far above the normal, on
account of application of air-brakes to our freight cars, vestibules to our passenger cars and new freight and passenger
equipment purchased. The total on account of these items
amounts to $598,215. Air-brakes were applied to 167 freight
cars at a cost of $7,154 85, making a total of 13,8U6 cars, or 80
per oent of all freight oars so equipped. Contract has been
entered into for 1,500 new 40-ton hopper bottom coal cars,
which are to be delivered commencing in August. Twentytwo of the 50 passenger equipment cars contracted for last
year have been delivered and the remaining 28 cars will be
delivered within the next few months.
80th,
1903,
CAR AND ENGINE TRUSTS.
PASSENGER TRAFFIC.
"Passengers carried oue mile " increased 17,403,452 (3-29
percent) and in revenue $355,260 (6 15 per cent). There
was a decrease of $187,614 on the Buffalo Division (the PanAmerican Exposition was held at Buffalo during the previ
ous year) leaving an increase of $542,875 on the Wabash
,
proper.
The rate per passenger per mile was 1*859 cents, an increase of O'OBS cents, and expenses per passenger per mile
1667 cents, an increase of 0"170 cents, leaving 0'192 cents
per mile net, as against 0*294 cents last year, a loss of 34"69
per cent. Train earnings per mile were 96 84 cents, a gain of
6*44 cents; the expenses were 71'32 cents per train mile, an
increase of 8'49 cents, and net earnings per train mile were
25-52 cents, against 28-57 oents in 1902.
The "passengers carried one mile " increased 2*29 per cent,
while the cost of passenger-train service increased 13'86 per
There was a reduction during the year in the car and locomotive trust notes of $173,571. New car trust notes have
been issued as follows January. 1903, 60 notes for $8,329 36
each (last one due Feb. 2, 1908) covering 500 steel underframe jlat cars, $379,761 60; outstanding June 30, 1903, $348,114 80. Also 46 notes for $2,526 each (last one due April 3,
1907), covering 22 new passenger equipment cars.
In addition to the above, we have an operative contract
with the American Car & Foundry Co. for 500 box, 500 coal
and 200 furniture cars, on a mileage basis running to July,
1909, when the mileage payments will be complete and the
cars belong to the Wabash Company. On this account the
monthly mileage payments are $7,194 76. On this contract
there was paid during the year ending June 30, 1903, the
:
.
sum
of $S6,337.
J.
RAMSEY
Jr., President.
THE PACIFIC COAST COIVIPANY.
REPORT FOR THE YEAR ENDING JUNE
Company:
The following report of the business and operations of your
Company for the fiscal year ending June 30, 1903, is respectTo
the Stockholders of the Pacific Coast
fully t-ubmitted:
Tnere has been no change in the Funded Debt or Share
Capital.
in the treasury, one bond was exchanged
bond of tbe Oregon Improvement Company which had not been presented for exchange within the
time prescribed by the plan of reorganization, and one bond
was placed with the Manhattan Tiust Company as Trustee
Of the bonds held
for an outstanding
for the purpose of retiring outstanding scrip.
The operations of The Pacific Coast Company and its subsidiary companies for the year, as a whole, have been satisfactory.
STEAMSHIP DEPARTMElST.
The Pacific Coast Steamship Company and Pacific Coast
Railway Company are now conducted by a manager, appointed by the Pacific Coa t Company, with offices in San
Francisco. Messrs. Goodall, Perkins & Co for many years
the General Agents of these companies, were at their re
quest relieved on September 15th, 1902.
The net earnings of the Pacific Coast Steamship Company
show an increase of $6'<,934 31 over the preceding year.
The various routes operated have all contributed satisfactory increases, with the exception of the Southeastern
Alaska and Nome routes, which, owing to increased competition (resulting in a reduction of rates and the volume of
business handled), show a decrease in both the gross and net
earnings.
The collier "Montara" (formerly the "Willamette")
was this year operated by the Pacific Coast Steamship Company, and its earnings are included in that corporation
instead of separately as before.
The new wooden steamer " Ramona," mentioned in the
,
last annual report, was completed August 26th, 1902, and
placed in commission on the California Southern Route.
The steamer "Cottage City," south bound on Sept. 7,
1902, with 150 passengers and 500. tons of cargo, went ashore
on Etolin Island, Alaska, between Wrangel and Ketchikan.
The accident was caused by the pilot losing his bearings
durmg a heavy rain storm. There was no loss of life or injury to either passengers or crew. About 100 tons of cargo
was jettisoned and the balance was damaged by water.
The ship was floated o.i Sept 19, towed to Seattle and repaired. Loss covered by insurance.
During the year there was expended $285,844 92 for repairs of fleet. Of this amount $213,158 28 was charged to
Operating Expenses and $72,686 64, extraordinary repairs
charged to Depreciation and Renewal Fand. There was
also charged to Depreciation and Renewal Fund $179,142 52,
account installation of new boilers and general overhaul of
the steamers "Umatilla" and "Cottage City."
The SS. "City of Topeka," now and for several years past
on the Southeastern Alaska Route, will in the near future
30,
1903.
require new boilers and a general overhaul at an estimated
expense of $6=5,000.
It is not expected that any other extensive repairs to the
fleet will be necessary during the coming year.
The Port Harford wharf, owned by the Pacific Coast
Railway Company, the Skaguay wharf, owned by the Alaska
Southern Wharf Company and the Juneau wharf, owned
by The Pacific Coast Company, were this year leased to and
operated by the Pacific Coast Steamship Company and the
rentals therefrom credited to Miscellaneous Earnings of The
Pacific Coast Company.
The wharves and warehouses of the Columbia & Puget
Sound Railroad Company at Seattle were on July 1st, 1902,
transferred to The Pacific Coast Company, which in turn
leased the wharves to the Pacific Coast Steamship Company,
the earnings, less the agreed rentals, being carried to the
credit of the Pacific Coast Steamship Company.
The earnings of the Columbia & Puget Sound Railroad
Company and the Pacific Coast Railway Company show decreases, because of the transfer and lease of the properties
referred to above.
RAIL LINES.
The earnings of the IColumbia & Puget Sound Railroad
continue satisfactory.
Work is progressing on the new shops and bunkers at
Seattle. The shops are nearly completed and it is hoped to
have the new bunkers ready for use shortly after the first of
January, 1904.
Division of right of way of this Company with the Northern Pacific Railway Company between Black River JunetioQ and Argo, mentioned in last report, was consummated,
and each is now operating over its own tracks between the
above points.
Under the terms of a contract dated February 3, 1903, the
Columbia & Puget Sound Railroad Company agrees to transfer to the Northern Pacific Railway Company righf of way,
main track and side tracks, between Argo and the intersection of Fourth Avenue and King Street, Seattle, in exchange
for right of way, main track, side tracks and terminal
ground between Argo and Atlantic Street, via Colorado
Street. The exchange is mutually advantageous and affords
the Columbia & Puget Sound Railroad Company direct connection with all its water-front property, including the new
shops and coal bunkers located at Dearborn Street.
The fulIowin>i; improvements were made durirg the year
and charged to property: Passing tracks, interchange sidings
and business spurs constructed, aggregating 7,769 feet of
Five miles of right-of-way fence, with necessary
track.
Three miles of new 601b. steel
cattle guards, constructed.
was laid on main line between Renton and Cedar Mountain.
Three miles of 40-lb. rail on Maple Valley Branch was re-laid
with secondhand 56 lb. steel. Eight trestle bridges, aggregate length 4,158 feet, were filled with mine rock. Total
amount of filling, 111,170 cubic yards. New water tank
Twenty-six
built at Sherwood, on Maple Valley Branch.
logging flats were constructed in the Company shops at
Seattle.
Oct.
The
THE CHRONICLE.
24, 1903.]
FRANKLIN FIELD.
anticipated large increase in tonnage on the Pjicific
necessary to make unusual expendi
Coast Railway made it
tures on the roadway and track in order to insure safe and
economical operation.
The locomotives on this line, owing to their age, are expensive to maintain and operate, and it is thoupjht advisable
to purchase one new locomotive before next season.
Uther improvements were made as follows:
New wagon
scale installed at Harris. Side track. 600 feet in length, to
gravel pit at Bridge No. 6. New fuel tank, capacity 1 3,000
Lumber yards and grain
gallons, built at San Luis Obispo.
warehouses located on the line of the Pacific Coast Railway
and operated by The Pacific Coast Company show increased
earnings.
As mentioned in the report forjlast year and previous years,
the Port Townsend Southern Railroad has coutimied to be
operated at a loss. Fifty-four per cent of the gross earnings
was expended on road-bed and structures. Your directors,
having an opportunity to sell the property advantageously,
disposed of it on November 30, 1902.
Owing to wharf earnings having been credited to the
Pacific Coast Steimship Company and rentals to The Pacific
Coast Company, by reason of the leases and transfers previously mentioned, net earnings of rail lines show decreases of
$48,050 81.
COAL DEPARTMENT.
.
The net earnings of this department increased only
$62,440 54, notwithstanding there was an increase of ap
proximately 24 per cent in the output of the mines. This
was due to the competition of British Columbia coals admitted duty free for one year by Act of Congress, effective
January 5th, 1903. The competition would have been much
more severe if there had not existed a strike of employees at
the principal British Columbia mines since the Act became
It is to be hoped that Congress will not grant any
effective.
extension of the Act by which the duty of 67 cents per ton
on coal was temporarily removed.
NEWCASTLE FIELD.
Coal Creek Mine is in good physical condition, with about
one-half million tons of coal developed above water level.
Three thousand six hundred and ninety feet of gangway was
driven during the year.
The Company's sawmill at Coal Creek was moved and
enlarged and new machinery added at an expense of
$5,931 96. This enables the Company to manufacture a large
quantity of lumber at low cos: which it formerly had to
Mjne No.
1,
Vein No. 13.— A large amount
McKay
resumed July
1st,
and
is
now
,
,
cation of Frank H, Blackmaa, of Detroit. The company is
said to own 240 acres and sis producing wells in Allegheny
Co., O. Compare Star Petroleum Co. of Beaumont above.
raited States Steel Corporation.—^S'^ndicafe Profits.—
members
of the bond- conversion syndicate
who
with-
progressing at a satisfactory
The shaft should be completed by October 15th, 1903,
and development work will then begin.
Mine No, 3, Gem Vein No. 17. — This mine is in good conDevelopment during the year, 1,375 feet of gangdition.
rate.
way driven. A lower level is now being opened, which,
when completed, will make it possible to double the capacity
of the
mine should the market require
Mine No,
McKay Vein
No.
it
This mine has been
worked steadily during the year. Scarcity of miners has
somewhat diminished the output. It is expected the mine
will be worked out by January, 1904. The demand will then
be supplied from Lawson Mine until Mine No. 2 is ready for
7,
14. -
operation.
At the town of Franklin an auxiliary water plant has
been established for use during summer months, when
gravity supply gets low.
Lawson Mine, McKay Vein No. 14,— This mine is in good
condition and is capable of an increased output when more
men are obtainable. Development during the year, 3,893
feet of gangway, and 379 feet of slope sunk. The auxiliary
slope is now being sunk to the fifth level, which will be developed during the year. There are now 350,000 tons of coal
developed in this mine.
The boarding-house at Lawson being too small to meet
the requirements, an addition was added which increased
the capacity of the house to 86 men.
The standard of efficiency of the Company's fleet, rail
lines and equipment, coal mines and facilities, wharves and
warehouses, has been maintained.
The real estate of the Company has advanced in value.
General business continues good, and present indications
are that operations for the coming year will return satisfactory earnings.
Statistical tables, showing results of operations of The Pacific Coast Company and its proprietary companies, are submitted. [See page 1391.]
H.
W. CANNON,
J. C.
Chairvian.
Soath Ynba (Cal.) Water Co.— Guaranteed Bonds.— See
Central California Electric Co. above.—V. 59, p. 700.
Star Petroleum Co. of Beanmont, Texas.-This company, capital stock $10,000,000, recently agreed to sell its
property, exceot office fixtures, books and franchises, for a
sum stated as 1302,600 to H. A. PhilUpa of Pittsburgh, repre
eenting either the J. M. Guffey Petroleum Co. or the Guffey
interests.
The sale includes, it is stated, 84 oil wells at
Spindle Top, Soar Lake, etc. (at least five of these on lease),
two six inch pipe lines, one from Spindle Top to Port Arthur,
the other from Sour Lake to Beaumont; also tanks (aggre
gate capacity reported in 1908 as over $1,000,000 barrela, of
which 357.000 steel tankage), etc. In view of the sale, a
suit in which judgment is asked for $1,900,000 was begun on
Oct. 20 in the District Court of Hennepin County, Minn
by stockholders C. W. Little, L. V. Peterson and L. M.
Crafts, of Minneapolis, and W. J. Johnson, of Sibley, Iowa.
The defendants include W. E. Bramhall, of St. Paul; W. I.
McAllister, of Minneapolis; Frederick W. Browne, of Chicago, and others. Of the aathorized capital stock 4,000,000
shares, it is said, are outstanding.
A correspondent of the "Manufacturers' Record" says:
It is estimated that the Star Company has Invested more than $2,000,000 In the Texas oil flelde, bat the rapidly changing conditions In
these flplds made a great part of the Investment unprofitable, and
the directors were confronted with the necessity of raising f 300,000
or more to p»y for supplies, well equipment, etc., which had been
purchased. They decided to sell the property and make a fresh start
with the surplus of $30,000 or $40,000 remaining after payment of all
outstanding accounts. W. £. Brloe. President and Oeneral Manager,
will continue to manage the company.
The deal gives the Gafifey Company the most complete equipment in
the Texas Helds. That company is operating three refineries at Port
Arthur, which have a capacity of 12,u00 barrels dally, and naturally
desires a permanent and adequate supply of oil.
The Star Petroleum Co. of Beanmont, which should not
be confused with the Ohio corporation of the same
name (see below), was a consolidation of the following ten
Brice companies:
Home Oil Co. of Beaumont, Saratoga Oil & Pipe Line Co., Texas-Standard Oil Co., Diamond Crude Oil Co., Texas Geyser Oil Co., OmahaTexas
OU Co., Eastern Texas OH & Development] Co., Texas Fuel Oil Co.,
Texas Petroleum & Refining Co. and Bun Oil Refining Co.
Star Petroleam Co., Lima, 0.— Receivership.—Thia company, iccorporated in West Virginia in April, 1903, with
$1,000,000 authorized capital stock, was on June 29, 1903,
placed in the hands of Harry H, Adkins, as receiver, on appli-
of develop-
The auxiliary slope was sunk 800 feet bew^as done.
low the 1,000-foot level and 3,946 feet of gangway wa»
driven. The mine is in good condition; about 250,000 tons
of coal developed.
Vein.— On February 34th, at a
Mine No. 2,
depth of 1,139 leet, water from the old McKay Mine was oncountered in such quantity that it became necessary to suspend sinking until the old mine was drained. Sinking was
ment
buy.
Tlie
1307
Vice-Preat,
FORD,
and Oenl Manager.
drew on Oct.
1, after meeting the balance due on their subscriptions, viz.: the 20 p. c. in cash against which second
mortgage bonds were to be issued at par, have received
checks for their share of the profits of the syndicate to
Oct. 1. The amount, it is said, is equal to between 5 and &
per cent on the amount of their subscriptions (80 p. o.) which
were met by deposit of preferred stock. This stock was exchangeable into bonds $ for $.
&
Denied.— Harland
Wolff deny that they have signed a
contract to take all the iron and steel they require from the
United States Steel Corporation. See V. 77, p. 1839.
Westloglioase Air Brake Co.—New Canadian Company^
Etc.— At the recent annual meeting, President Westinghouse
announced the plan by which the Canadian Westinghouse
Co., Limited, organized in Canada (see V. 77, p. 299) with
$2,500,000 authorized capital stock, will take over all the
Canadian interests of the Westinghouse companies, including
the plants of the Westinghouse Mfg. Company, Limited, of
Hamilton, Ont., which has been manufacturing air-brakes
and whose entire capital stock has been owned by the Westinghonge Air-Brake Co. of Pittsburgh; also the Canadian
patents and business of the Westinghouse Electric
Mfg.
Co. The plan as ratified follows:
The formation of a new oompany, to be known as the Canadian
Westinghouse Co., Limited, with a capital stock of $2,500,000. The
purchase of the business and plant of the Weettnghouge Mfg. Co.,
Ltd of Hamilton, Ont., for $6.50,000 in capital stock of tho new company at par, the Brake Company to underwrite $ZOO,OCOof additional
capital stock. The purchase of the patent riehts and existing business of the Westinghouse Electric & Mfg. Co. In Canada for $500,000
in full- paid shares of the new oompany. The Eleotrio Co. also to tmderwrlte $450,000 of additional stock. The sale of the remaining
$700,000 capital stock at par to persons or corporations in the Dominion of Canada, which stock has already been underwritten.
It will be seen that $1,350,000 cash is thus provided for the
development of the Canadian business, extensions to plant,
etc., while the Air-Brake Company receives $850,000 of the
stock of the company, the Electric
Mfg. Co., $950,000, and
new interests, $700,000.
The stockholders also ratified the merger of the
sting<
&
,
&
Wf
house Air-Brake Co. and the Electro-Magnetic Brake Co.
The officers of the Canadian Westinghouse Co. are:
George Westinghouse, President; H. H. Westlnjthouse, Vice-President; F. H. Taylor, Vice President; Paul J. B. Myler, General Manager* and Treasurer; JohnH. Kerr, Secretary.— V. 77, p. 768, 718.
WeBtlDghonse Electric & MannfactariDg Co.— Interest in
Canadian Company.— See Westinghouse Air Brake Co.
above.— V. 77, p, 887, 680.
"—
j -y
—T. W. Stephens & Co.
Wall St. are offering for sale
underlying issues of Brooklyn City RR, also New York &
Qaeens Electric Light & Power 58.
,
2
,
;
THE CHRONICLE.
130S
I
Vol. lxxvii.
COTTON.
Friday Night, October
COMMERCIAL EPITOME.
Friday Nioht, Oot.
23, 1908.
Conservatism has been the featare of buyers' operations in
practically all lines of merchandise. It is pointed out that
the financial situation is such as to make purchasers cautious
in placing orders for supplies ia advance of current requireOn the other hand, talk is heard to the effect
ments.
money market is euch
that the condition of the
as to cause manufacturers to push their products in some inBtanoes rather freely, and this tends to have an unsettling
influence.
In the speculative market a sharp upturn to
prices for cotton, based on liberal buying by exporters and
spinners, ha^i attracted attention. The upward trend to
values for coffee has continued, and the speculative activity
Prices for grain
in the market has broadened materially.
have been easier, and at the lower values exporters have
been fairly liberal buyers of wheat and corn.
Lard on the spot has been unsettled. Only a limited volume of bueinees has been transacted. Exporters have been
indifferent buyers, and the demand from refiners has been
limited. Tbe close was dull, and prices quoted were 6'90c.
for prime Western ahd 6-3i(26-50c. for prime City. Refined
lard in more active demand, exporters being better buyers.
The close was at 7 25o. for refined for the Continent. Speculation in lard for future delivery was fairly active. Early in
the week prices declined under aggressive operations by
packers, but rallied on shorts covering. To-day the market
was steady.
DAILT OLOaiHO PRIOBB OT LABD rUTUBBS Dl OHIOAOO.
Tkur$,
^n
Tue*.
Wed.
Hon
Sat
6-4S
8-45
6-40
640
6 52>« 6 l.-i
October del'y
52I9
6-52i«
6-55
6-55
6
6 60
6 40
Januarv del*/
6-62i«
6-65
665
6 60
6 47>«
6 65
May del'v
Pork has had only a small sale locally and prices have
sagged to f 12 7fi@18 25 for mees, |14 50@16 50 for short clear,
and |18 50@19 50 for family. Cut meats have had a steady
sale; prices have been irregular, closing at 53^@8c. for pickled
shoulders. ll@12c. for pickled hams and 9)<(ailc. for pickled
Beef has been more active, ex
bellies, 14(310 lbs. average.
porters b-ing buyers, and prices for extra India mess have
advanced, closiDg at $8 76@9 00 for mess. $9 50@10 25 for
packet, |10 00® 10 50 tor family and |15 00@17 00 for extra
India mess in tcs. Tallow has declined, closing at 4J^c.
Stearices have sold at lower prices, closing at 8@8i^(}. for
lard stearine and 73.^c. for oleo stearine. Cotton-seed oil has
been dull, closing at 89^c. for prime yellow for prompt delivery, and 34J^@37i^c. for new crop for forward deliveries.
Butter has been in fair demand and steady, closing at 16@
Cheese baa had only a moderate sale but
22c. for creamery,
prices have held steady at 9@113.^c. for State factory, full
Freeh eggs have been firm for choice grades, closing
Of earn.
at 26c. for beet Western.
Brazil grades of coffee have been active. Jobbers and
have been free buyers, taking good sized
roasters
advancing prices, and an
at
coffee
of epot
blocks
Brazil.
extensive business has been transacted with
The distributing business has been fairly active. The
Rio No. 7 &nd 6}s@l}42.
at 6e. for
close was firm
for Santos No 4, West India growths have been firmer,
closing at 8}^c. for good Cucuta. Speculation in the market
for contracts has been active. Large interests have been
free buyers, stimulated by unfavorable crop news from
The close was active. Following are the closing
Brazil.
asked prices:
oot
6150. iJan
5*80o.
|
May
28, 1908.
Thb Movement op the Crop
as indicated by our telegrams
from the South to-night, Is given below. For the week ending
this evening the total receipts have reached 324,280 bales,
against 803 997 bales last week and 307,501 bales the previous
week, mikiiig the total receipts since the 1st of Sept., 1903,
1.580,629 bales, against 1,952.245 bales for the same period of
1903 showing a decrease since Sept. 1. 1903 of 371,618 bales.
—
Reeeipti at
ifOH.
Sat.
wed.
Tuet.
*W.
Thitrs.
1
Total.
Galveston
10,334 16,096 2b-,863 12,854 19.932 18,453 103,682
1,424
1.424
6.641
8,125 18.356 11,936 8,341 11,665 67,364
Mobile
1,900 0,867
8C1 2,014 1,406 14,105
2,057
Pensaoola, Ac.
5,349
5,349
Sivannah..
15.096 10,870 13,957 9,811 8,653 13,431 71.818
Brunsw'k, &c
6,823
6,823
Charleston
1,610
666 1.516 1,435
1,605
928
7.660
Pt. Royal, <fco.
118
113
Wilmington.... 3.127 5,729 3,609 2,711 2,686 6,999 23.761
Sab. Pass. &c.
New Orleans.
,
.
Wash'ton.&c
Norfolk....
23
3.910
3,384
4,110
4.382
2.468
3,636
23
21,740
138
188
297
297
128
N'p'tNew8,Ao.
New
York..
Boston
6
Baltimore.
._-
Philadelp'a.
&o
5
•.
24
100
Tot. this week. 44,192 61,202 70.102 42.8771 46.8151 70.092| 324,280
The following shows the week's total receipts, the total since
1, 1903, and the stocks to-night, compared with last year.
^pt.
1902.
1903.
Reeeipti to
Oct 23
TMs
Since Sep.
1. 1903.
week.
Qalveston... 103,632
Sab. P., Ac.
1.424
New Orleans
Mobile
P'saoola, &o.
Savannah...
Br'wick, &o.
Charleston..
P. Royal, &o.
WUmlngton.
Wash'n, &o.
Norfolk
N'portN.,&c
New York.
Boston
Baltimore.
67,864
14,10)
5,349
71,S18
6.823
7,660
113
23,761
23
21,740
138
.
PhiIadel,&o.
5
This
week.
516,582
6.372
268.740
56,841
13,004
372,656
20,767
68,771
581
132.948
146
117.714
1,174
1,791
98.638
2,318
91,803
9,878
1,258
49,828
6.863
9,091
1,403
1,8^3
16,353
13
25,264
629
726
297
825
322
128
1.409
1.172
8U»
Since Sep,
1, 1902.
190S
116,460
153,745
108,206
29,274
189,876
27,606
387,558
32,784
93,698
14
185,304
118
119,154
6,659
107,197
11,072
8,886
120,288
4.266
86,884
18,347
14.419
13,770
19,708
1.5g4
3.602
90.216
43,236
35,000
2,319
6,961
648.428
8,106
422.961
49,9 21
16.607
12.0 JO
6,438
5.241
2,52 J
4.224
324.280 l.bHO.Gii 313,879 1,952,245
Totals
1909.
626.1161
633,801
In order that a comparison may be made with other years,
we give below the totals at leiiding ports for six seasons.
Receipts
at—
1903.
1901.
1902.
1900.
1899.
1898.
I
Galves'n, &c.
New
Orleans
Mobile
Savannah...
Ohas'ton, &e.
WUm'ton, &o
Norfolk
N. News, &o.
All others...
104,956
67,364
14.105
71.818
7,778
93.784
21,740
138
12.602
98,856 121,5i8
96,637
91,803 108 989 110,014
13,987
9,878
6,866
49,828
71,549
44,871
9,091
15,378
12,338
16,366
21.625
11,612
25,264
86,019
15,743
629
890
862
12.164
30.797
20,069
79.783
66,978
8,499
32,261
13,143
15,599
14,260
117,260
74,860
13,647
71,792
24,710
20,444
32,961
206
798
13,766
60.921
6'80e.
5-2(.«. Feb
5-90o. Tot this wk. 3^4,280 313,87.4 4'^0,447 S19.00.i 244,435 407,388
6 60e. July
KoT
~.
..^..^ 6 00o.
6-65o. Bept
^ 5-40cl March
Deo..—.
Raw sugars have been neglected and prices have been Since Sept. 1 1,580.629 1952.2«5 I650.82i! 1920 230 1780 797 8269,642
The exports for tne week ending this evening reach a tota^
nominal at SJ^c. for centrifugals, 96 deg. test, and 3%o. for
muscovado, b9 deg. test. Rrfined sugar has been dull and ot 235,176 bales, of which 100,769 were to Great Britain, 63.047
weak, closing at 4 7li@4'75c. for granulated. Spices have to Frtoce and 82,880 to tbe rest of the Continent. Below
been quiet. Teas have been fairly active; low grade Con- are the exports for the week and since Sent. 1, 1908.
gous have advanced.
We€k Ending Oct. 8i, 1903.
Prom Sept. 1, 1903, to Oct. 23. 190S
An active market has been experienced for seed-leaf toExvnrte'tto—
Exported to—
Export*
buying
of
1902
Pennsylvania
good
crop
been
has
bacco. There
from—
Oreat
Oonti-\ lotal
Great
ContiFrance
Total.
broad leaf at full prices, and sales have been reported of
Brit'n.i"^*! nent. Week. HHtain.
nent.
principally
good
binders,
Wisconsin,
about 4,000 cases new
1*4.053 78,153
lialTeston
80,6411 88,678
OfiSi S9,16l
88.007 290.8)8
at 15c. to 18c. Havana tobacco has had a moderate sale at
940
Sab. Pass, Ac
040
been
quiet.
has
firm prices, but Sumatra
41.320
New Orleana.. 17,146 17 628 18,828 63,899 76,689 33,206
150,165
Straits tin has been in more astivo demand and firm, foreign UobUe
9,803
0,903
1,191
11,391
advices having a tendency to stimulate the buying; prices Pensaoola
6,8 ;o
600
b,%70
7.820
6,080
18.870
have advanced, closing at 26 25(0; iJ8 50c. Ingot copper has davannah ......
28,160 23,160
18.690 18,714
128,669
160.078
continued to drag; prices have been unchanged at 18'123^c. for Bmnawiok ....
8,012
8,018
Lake and 13c. for electrolytic. Lead has been unchanged CharleBton....
e,700
6.700
and steady at 4-60c. Spelter has advanced slightly, closing Port Royal....
e.s6o
6,^50 81.137 81,287
1.600
102,660
114,400
at 6123^0. Pig iron has been quiet and easier in the local WUmlngton...
Norfolk.
market, closing at |15 60@16 for No. 1 Northern.
800
200
Refined petroleum has been firmer, closing at 9*10c. in N 'port N., Ae..
1.991
89.816
4.779 38,9je
110,088 19,711
66.201
196,967
Naphtha has been New York
bbls., 11 '830. in cases and 6'2.Jc. in bulk.
12,728
Boston
...
12.728
86.788
87.445
707
unchanged at 12 40c. Credit balances have been firmer, Baltimore .... 2.600
3,000
100,
UfiSi
18
810
83.708
closing at |1 71. Spirits turpentine has been dull and PbUadelpbU..
169
169
8.818
050
0.768
have
advanced
Rosins
slightly easier, closing at b9%@Q0Q.
80
tan rran^ Ac
80
867
87
880
to 12 60(32 65 for cjmoaon and good strained. Hops have
Total
44v»,897
100,769 SB,047 83 36 ;2S»,176
1)2.866 168)81
1.014.886
been fairly active at lower prices. Wojl has been in modTotal IR02. ... 118.176 41.480 67.-8' '284 1.S6 606,4«8 160,881 6ai.a76 1,294.889
erate demand and firm.
.
I
<
1
\
—
j
—
Oct.
«
.
.
.
'
THE CHRONICLE
24, 1903.]
1309
Futures.— Highest, lowest and
In addition toabore export!, otir telegrami to-night aleo
give ai the following amounta of ootton on shipboard, not
cleared, at the porti named. We add •imllar flguret for
New York, which are prepared for oar apeoial ase by Messrs,
Lambert <k Barrows. Prodaoe Exchange Baildinar,
closing prices at
New
York.
OH SHITBOA&D, HOT OLBAKBD »OB—
OeL 23 ai-
titaving
OtHtr
(hrertat
Britain tr'net many. For'gn
New
9,010 15,343
9.457
S0,5(S4 39,176 14.43t
19,950 1,750 14,930 12,340
Orleans.
Galveston.. ..
Savannah..
..
Charleston...
"120 2.466
Mobile
Norfolk
6',22i
Hew York
2',706
Other ports
9,000
•
.
244
947
13,829
6.150
1,000
111
600
1
6,000
•«*•
"boo
5,000
13,006
ttoth.
Total.
83,254 31,993 63.827 42,539 15,005 235,618
Total 190a.
Total 1902.. 65,893 27.728 57,191 53 298 19,007 223.112
Total 1901.. 128,9:8 49,192 43,676 86.627 18,958 277,880
68,984
2.^.693
67,227
8,774
18,97
096 on
trlot Oood MlddUng
0-62 on
0-44 on
Good
Itrlst
MiddllBff
Low MlddllBg
7,779
87.016
26,C9d
300,49r
410.089
896,847
Lew Middling..
Oood Ordinary
Oood Ordinary....
On this basil the
Btrlet
the past
atrlot Gk)od BCld. Tinged.. 0-80 on
Strict Middling Tinged.
006 ofl
Middling Tinged
0-lS ofl
Low and. Tinged... 0-84 ofl
Middling Stained
OSOofl
014
oft
Strict
0'88
0-72
1-00
off
off
ofl
Strict
Low
17 to Oct.
UPLANDS.
Sat.
Ctood Ordinary..
Low Middling..
Middling.
Good Middling.
106 ofl
1-60
few of the grades
23—would be as follows.
official prices for
week— Oct.
ICld. Stained...
Low Middling Stained.....
a
Alon Tnea
870
932
8-80
9-42
Wed
9-00
9-62
8 80
9-43
ofl
for
Th. Frl.
900
910
9-62
9-72
9-70 9-80 10 00 1000 1010
1U24 10 14 1024 lo 44 1044 10 54
10-70 10 66 10 76 10 98 10 96 1106
GULF.
Sat.
Gtood Ordlcary.
liOw Middling..
9-05
9-67
Middling
Good Middling.
Middling Fair..
1005
men Tues
895
967
l¥ed Th. Frl.
9 25 935
987 9 87 997
1025 1025 1035
9*05
9-67
9 25
9-95 10 05
lu39 10-49 10 69 1069 10 79
1101 1091 iroi 11-21 11-31 1181
10-49
STAINED.
Sat.
Low Middling
8-30
9 30
Bllddllng. .Strict Low Middling Tinged-.
Good Middling Tinged.
non Tues
8-20
9-20
946
9 86
9-80
9-70
\¥ed Th. Frl.
8-30 8-50
8-50
8 60
9 30 9-50 9-50 9-60
9 4tt 9 66
966 9-76
9 80 10-00 10 00 10-10
The quotations for middling upland at New York on
Oct. 23 for each of the past 83 years have been as follows.
1903.. ..0 10-10
1896. .0. 8««
1887. ...0. 9<^
1879.... Oil's
8-70 1894. ... SiBie 1886....„ 9k
1908
1878
9%
1901...... 888
1893. ... 838
II89
1886...... 9l3i8 1877
1900
1892.
838
9^8
~.
1884
1876
ICa
97ig
1899
ICO16
1891. ... 87ig
1883
1875
76ie
\^Ht
1898...... 6>a
14'8
1890. ..IOI4
1882
1874
lO's
1897
16ie
Ills
1889. ...10>a
1881
1878
6>e
19B8
1896
8
1888. ... 2\
1880
1872
113ia
MARKET AND SALES.
Thetotalsalesof ootton on the spoteaoh day during the
week are indicated in the following statement. For the
convenience of the reader we also add oolumns whioh show
at a glance how the market for spots and futures olosed on
same
days.
SPOT MAXKBl
Olosbd.
rUTUBBS
81XBS or Spot
Mabkbt
0U>8BD.
Saturday
Dull, 10 pts. do. 8r«ady
Monday.... Q i;e 10 iM... (1c. Easy
Tuesday
Q't&8t'y,10p.ad Firm
Wednesday ^oiet, 'i^opts. do. BTiy steady
Thursday.. Steady
steady
Friday
Quiet, 10 pts. ad. jceady
9ort.
A Oohtbao?
Oon-
Oen-
tumv
tract.
total.
.
185 24,300 24,435
946
946
.
. .
Total
....
....
....
dVo
330
200
800
I
«
•
II
I
CO CO
V
00^
«i
19
T
I
CS CD
COCO
<»o>
0:0
Id
14
CDCD
COCO
coco
OC
CCCO
CO
o«>
en
coco
CD
I
•
«
9
I
I
COCO
.
«
I
«
coco
cici
coco
I
a
o
I
I
I
I
9
I
oci
I
•
»]0J
I
«
a
I
COM
CO
0000
00
coco
coco
00 00
CO 03
00 CO
coco
ICOO
CD CO
00 OD
I
I
I
I
I
I
I
coco
coco
coco
coco
I
I
9
coco
coco
0«k
I
a
coco
oLcb
co^
CO
to
'
ceob
a
COCO
coco
ChO)
ao3
*1
coo
coo
**
0000
coco
occo
M
CD
'
coo
.
coco
coco
OOOD
coco
tow
MOJ
MOD
coco
(OCO
OOM
OOM
I
COCO
COCO
»
I
710
1,130
1.921 26,800 27,281
9
ODM
coco
1^00
91919
I
I
coco
coco
©00
I
I
I
I
«
I
•
II
I
I
9
ec CO
o
©
CO
03
w
03
I
coco
CO
CO
CO
I
a
I
©
I
coco
coco
-io
-03
M(i
CO to
I
000
I
a
9
o
CO
00
I
9
teco
-job
COCO
I
9
coco
00^
OM
I
coco
coco
coco
ooM
oom
OiM
M:^
-JM
t4ir>'
CdO
«
<*
coco
coco
(oa
tos
«
(B
MW 00
-M
obO
ao>-
<«)<»I9
ccco
coco
coco
MM
0700
a> c^
CO CO
M
O to
•
«
coco
OA
MOD
w
CO
9
00 CO
wcu
.-•
CO
w
M
<?
I
'
OtlCO
COCO
M-J
WW
coco
«!«
«0
^
I
CCCO
O® w^
«0
c^
M
I
'-u
coo
coo
i^d
coco
I-"
I
Oft
9
coco
QDCO
coco
obcij
si
Ob
03M
CCCO
0000
I^CD
coco
coco
COM
^^ WW
I
00
n
coco
<
COCO
coco
obob
bsco
coco
obob
coto
9
CO 00
19
OCO
9
coco
coco
QDCO
000
C0<j<
c»;oi
9
I
~tM
coco
CCCO
COM
a
coco
ODOO
coco
coco
03 P'
I
coco
COCK
a.\f-
a
coo
a
co<^
9
CD
I
CCCO
WM WW WW
M
;0(0
boob
«QCO
CCCO
tcco
coco
cieo
03(0
9^
coco
Cocu
o>w
web
COCO
00 CO
coco
si
<IO
coco
COCO
00
09
CO CO
coco
OOM
OCO
I
to
COO
coo
1^0
.a
a
*!
00
I
9
coco
a
19
co«o
co«i
a^
I
coco
coco
CB-1
so a©
^00
eg CO
a
CO to
19
'
OOM
«
6
I
I
•
I
03 <»
oow
^O
coco
coco
a
VCD
coo
*^
WW
coco
I
COCO
(yi
0:10
CCCO
coco
ocj.
CM
a*)
I
coco
00
«
CO to
-iw
;oco
<ieo
CO
«
I
Id
I
COCO
-io
0«J
d
I*
I
coco
CCCO
OCO
I
I
I
a
«
I
I
coco
00
coco
I
00 <»
I
acu
o-i
a>if-
I
I
COCO
cxdb
9
I
COCO
^A O
I
COCO
oboa
•-CO
M
I
I
•0 05
^00
00
I
I
coco
CO
CO
w
CO
CO
'
CO
eg
4
I
CD
CO
«
I*?
00
'
M
o
The Vibiblb uupplt of Uotton to-night, as made up
and telegraph,
'
toy
as follows. Foreign stocks, as well
%a the afloat, are this week's returns, and oonseqnentiy all
foreign flgures are brought down to Thursday evening.
But to make the total the complete figures for to-night
Oct. 33), we add the item of exports from the United States,
tudnaing In It the exports of Friday only.
3able
la
1903.
133.000
^»n»»lr at T.OTi (Ion. _^ ..........
18.000
10,i87
Stock &t Manchester.... ......
total toreai iirltaln stock, 161,187
(took at Hamburg. .... .... ....
33 000
Stock at Bremen .... ...........
82 000
Itock at Botterdam
Itock at Antwerp ....... .......
6 000
Stock at Liverpool....^ baler.
9-80
Middling Fair..
I
7
Specnlation in cotton for fntnre delivery has been fairly
active and prices have advanced. The private crop accounts
from the Sonth have quite generally reported that the yield
of the crop will fall short of expectations entertained earlier
in the season. The tendency to reduce crop estimates has
evidently had a stimulating influence upon foreign buyers of
ootton.
Exporters, it is reported, have been large purchasers
at the South the past week, principally for shipment to the
Continant; there also have been reports of fair buying by
domestio spinners. The more active buying of cotton had a
strengthening inflaenoe upon the Southern spot markets and
prices ad vac oed, followed by an up-tnrn to values locally.
Factors also have been reported buyers in the local
speculative market to cover their sales for export. During
the latter part of the week, under profit-taking sales by
speculative buyers, there was a slight reaction in prices. Today the market opened firmer; declined under reports of the
strained political situation in the Far East; advanced on
predictions of heavy frosts in the South, but again weakened
nnder a larger movement of cotton for the week than expected, and the belief that the receipts will be heavy during
the coming week, reflecting the recent free buying at the
South. The oloee was steady, at 2 points higher to 6 points
lower for the day. Cotton on the spot has advanced, closing
at lO'lOc. for middling uplands.
The rates on and off middling, as established Nov, SO, 1903,
by the Bevlslon Committee, at whioh grades other than
oilddling may be delivered on oontraot, are as follows.
Fair......
.......0. l-SO on
Gtood Middling Tinged ..
Eyes
Bllddllxg Fair .......
II
II
39.372
89.768
49,970
111
10.397
6,000
3,200
27,000
52000
itock at Havre..... ...> ...^ .....
2,000
Itock at Marseilles....
_
6,000
Itock at Barcelona
9000
itock at Genoa....
„....
8,000
flock at Trieste....... ....
._
197 000
Total Continental stocks.
Total European stocks....' 358,1'*7
mdla ootton afloat for Europe 28 000
imer cotton afloat lor B'r ope. 634.000
ag7Pt.Brasll,&c.,aflt.for E'pe
38,000
67,000
Stock in Alexandria, Egypt...
.
.
Bombay, India....... 199 000
nook In United States ports.. 626115
'jtookln
1902.
1901.
245 000
152.000
7,000
13.000
258 000
14 000
89,000
5U0O
53 000
3 000
30 000
12 000
3 000
209 000
467.000
24 000
68H.OOO
48 000
84 000
182 000
633,201
159 000
18 000
61 000
200
3 000
44 000
2 000
16 000
5 000
7,000
156.200
315 200
17 000
652 000
43 000
96 000
165 000
6^3 127
473 193
1900.
199,000
15,000
214 000
15.000
106 000
200
4,000
42 000
1.000
8,000
4.000
2,000
182,200
396,200
57,000
742,000
31.000
84 000
193.000
663 446
452.262
Itock in U. 8. Interior towns.. 282,684 437.261
43,239
43,867
39,599
46,820
dnlted States exports to-day..
Total visible supply. .....8,129,806 2,604,0ai 2.477.759 2,662,775
Of the above, totals of Amerloan and other descriptions are as follow s*
Amtntan—
Uverpoo), &o., stock ..bales.
74,187
189.000
94.000
144,000
123000 172 000 113,000 160,000
Continental Dtooks
imencan afloat tor Europe... 684.000 689 000 652.000 742.000
626.115 633 201 673 127 663 446
CJnlted States stock.
......
Onlted States interior stocks. 332,6^4 437,261 47^.193 45-<2,268
43,<!39
43,867
39,599
amted States exportBto-da7.;_ 46,820
..-.I,638.b08 2,060.061 8,048,559 2,205,576
Total Amerloan
Mait Indian, Braail, de,—
58.000
65,000
56,000
tiW*TT»ooi "took....—
69 000
......
13 000
7,000
15.000
18 000
London stock
23.200
43,300
87,000
74 000
jonsiuentai stocks.... ........
57,000
17 000
24,000
Z 8 000
India afloat for Europe . ......
43.000
81,000
48 000
96 000
84,000
84 000
193,000
165.000
182 000
Stook In Bombay, India.......
Total Bast India. *«....... 493,000 444.000 429.200 457,200
1.636.S06 2,060 06I 2,048,559 2,205.575
Total American.!
Igypt.BraslLAo., afloat
Egypt...
Stoiek Ib Alexan^Lrla,
38.000
67 000
199 000
Total visible supply.— 2,129.806 2,60t,0«l 2.477,759 2,662.775
4-68d
5-74d
^"is*
^Isa^
<iddltng
Uverpool..
Upland,
-^
- 8380.
8-700
97iee.
Vlddlinff Upland,
New -*^
fork.. 10*100.
7lii6d.
7iud.
6»«d.
8>«d.
Kgypt Good Brown, Liverpool
7d.
6-90d
9'OUd.
77i8d.
Perur. Bough Good, Liverpool
4S8d.
eiiad.
4Hd
e'led
Sroach Fine, Liverpool. ......
4»8d
42632d
61l6d.
bHi
rtnnevelly GK>od, LfTcrpooL
bales.
hav«>
been
week
101,000
oast
imports
Continental
The above fignres for 1903 show an increase over last week
of 283.943 bales, a loss of 874,355 balos from iy03, 4 decrease of
347,963 bales from 1901 anl h loss of 583,969 bales from 1900.
THE CHRONICLE.
1310
—
At the Intkbior Towns
the movement that is the reoeipta
week and since September 1, the shipments for tne
week and the stocks to-night, and the same items for the
for the
corresponding period of 1908
—
is
OLOSIMO QUOTATIONS rOB MIDDUHO COTTOH
Week ending
S»g'<'S.2p«oSo5.g'
B'-
e
E,
Quotations fob Middlino Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week,
set out in detail below.
jct5~2w?SO
Joe » ^3 £ » 2 BE.?-* a
'
Oct. 23.
Satur.
aalveston...
9Bh
913iB
9Vi
Hew Orleans
o
a
2P-
"
[Vol. Lxxvii.
-
O
M
9
H
g§: SmO
MobUe
Savannah...
Oharleston ,.
Wilmington.
Norfolk
Boston
Baltimore .
Philadelphia
Aagusta
5
Oinelnnatl..
91S18
9i6ia
9»«°
Tkur$.
Fri.
913ig
9»3l8
9'6
9»16
9-50
9'50
9-.iy
9%
9%
9I>8
9'8
9-7a
9'8
9-80
9*75
9-95
99i6®B8
9-70
9-75
10*05
9»,««B8
9%
11
9
»8ia
9i^
9<>a
978
980
1000
10-00
9-87
10-26
10
10
10-25
10-36
9i3ie
9%
9''8
9-'r
9\
g's
91 •ha
9''8
99i6
919
908
11
908
908
90S
9-75
9<>8
9"i,
11
9V
lOiia
9-50
9i3,a
913,6
9B8
Houston
9\
9\
9S9
9%
fyednej.
912
9Sb
9h
Louis.
9h«
9^
1006
Memphis
St.
Iue$.
9*8
9S8
938
9-90
9-75
....
.iron.
CM—
11
9"ia
9V
O-'s
9\
11
8%
9i3ia
11
9%
The closing quotations to-day (Friday) at other important
Little
blV » ex Va (o\o*X O woo VwoVl'cO
'(?'«»:
8Si«
Southern markets were as follows.
k:»-'m»o»"*»-'MCOO'
<)C:9Cb*-'CnC^O»2C00DCD
MI^IXI-iOO
0bO*CC«4a0O><4C0 7OiO3O*O"^C«;.-'CCCD»3«0
Rook.
Athens.....
ClOOOO<®Vl-''»-V»^>oV<)ODOO
Columbus, Miss
9iiie
93lg
9^ Eufaula.......
908
Louisville
9'8
Columbus, Oa. 9%
Montgomery.
958
New ORLEANS Option Market.—The
Atlanta
Charlotte
W»«<5Dl»t0t0CC-.]00<lJ'CCC00eO'»JO<aDo.05«Jr->->K'0000»3O^05OM
.
..
NashviUe
Natohes
9
9*^8
Raleigh
Shreveport
9is
9\
highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
to
w
Wl
»0O«p>M0D«_t0OI_"sJ»~>_»0
Sat'dav.
COW Vrj"^ MWC'c^'co'-j'-l —'»>-' VOO
coj'O-J'-MOco ©oi — ociftOoxooacD>-a<
aooxooooi-ooM — <»o:^Meoooli^CJ*'CO*»l^c^o<»©^3M~^ol
'«]CX «l«4>-'OCl3U«'09-
Oct. 17,
«D <3 00 <1 0» *> 00
>-'
C0'y>"cc
OD
1^
OOTOBEB—
Range
tO«J"-^
CXWtOO'tO
00
l-tOCOl^tOCOW^O
00 1^
M » o» Ot H- kO »J W
Cloalng
CJ> (-•
.
.
Mondai Tuesday, Wed'day, Tkurtd'y Friday,
Oct.
19
Oct. 20.
Oct. 21.
Oct.
22
Oct. 23.
45W59
9-32 »-47 9-389-55 9-629-74 9-779-80 9-659-76
'44«-45 9-329-34 9-569-57 9-669-68 9-719-75 9-689-71
Dbc'beb—
Range.... 9-43«-53 9-26'»-49 9-279-50 9-549-74 9-609-77 9-569'71
9-439-44 9-28»-29 9-499-50 9*68 0-64 9-669-67 9'64«-65
.
asoao^«4>'^03 3>*40<o<i^03^-^Kia'-MCOcxcoao~}coo(z>'ucoo^i«^
.a>u<cc»>'0<CBtoaoaao>4cxiaooosto^i^coa-oaoaeoo^co;x>)-]«o
Cloelnsr
.
Januaey—
^w|0^"H«MOI
MCO M
^.JM^^
h-»owtaMcoi^>-»i«»cO"'Co>-»jc 00 ©j-J
Range .... 9-50«-59 9-339-55 9-33®-66 9-619-81 9-679 83 9-639-79
Closing
9 49»-50 9-359-36 956»-57 9-699-70 9-73974 9-709-71
l-euK10J>--»Ot-'WlOtOWM
J^r' ®^C^ ?°i'5'* *5^ *
®
. .
March—
'cox»3 Wh-oo"? to'oaa'^^»^cott ooo; bc-KltoQc to o
V®''
cox©cccCN!~iwcc>-'a:Oa>«3i-'0'<»:"W^-o»ifi^C:"-'p-'ass«o
^x — wososm"—
"^
9-65®-76 9-499-71 9-609-78 9-779-00 9-859-01 9789-98
Olosmg... 9'65®-66 9509-51 9-729-73 9-879-88 9-899 90 9 849-85
Range
^H>aDO^CBaBcxto<3>K)Or'0<<DOWi^oaco^cDO>(x>co<>'Cx^ccocoax
May-
M
CO
CO
Range..., 9750-86 9-689-84 9-639-87 9-929-11 9989-11 9-899'0l
Closing... 9-70W-71 9 639-64 9-859-86 9-989-99 10-00 9 01 »959-96
W®V'0»o"co'oVi'50 600C""tcT-'boo'b5"»3"'» VaVft '^ CD'e0U'Cx"'-00O«S
wcoh3i^:K;"j»oa>-'(— oio>«(-'©~jco»occcoMo<o*'C«<i^j(»i(».oa
Tone—
aoaDccsocooa^i^aovoccacoi^^t3«Oi^oxcx>^cx->)cxp'if^«e
CO
^ 00 o a
OOODl-'WI-'i
©<|WXODO<kOO'
CO
O
C<:
If
o «» * *- w o<
>-'
Spots.....
Options...
CO
O3£c^ot3cco<»^c<:i^> oDco^-^acxcOif a^c3alfeocox^:^aal^3
Of'*] j^ OO-J^ca 3lf ^1 wODCXh-ODOOCO©; CIO OD >-• OC 00 O -4 CO CO 1^ l(^ CO
o^^i^co«> oooco^coi a«409>M-oa t9- ©i— co<:'<cooaou>ts9i->>j ssr
The above totals show that the interior stocks have increased during the week 63,263 bales, and are to-night 204,577
bales less than same period last year. The receipts at all the
towns have been 41,133 bales less than same week last year.
Overland Movement fob the Week and Since Sept. 1.
Delow a statement showing the overland movement
for the (veek and since Sept. 1, as made ap from telegraphic
reports Friday night.
The results for the week ending
Oct. 23 and since Bepti 1 In the last two years are as follows.
We give
1902.
1903.
October 23.
WttH.
VT»
Louis
15,404
42,540 46,509
158,595
"26b
Total
323
827
.......
groM overland....
Dtduei ikipm4nta—
Overland to N. Y., Boaton, *o..
Between
Interior towns..........
Inland, Ao., trom Sontli.. ........
Total to bededacted
Leaving
*
total net overland*.
Inoladlng
movement by
10,485 21,539
7,126
14,991
MHtt
Apt. 1
2.986
Via Padaoah
Via Rook Island
Via Ctnolnnatl
Via other rontes, Ao.....
Wt»ft.
1.772
5,303
1,393
3,373
11,644 10.218
2,789
8,279
VU LoolsvlUe
1.
71,992
26,609
350
8,252
15 935
3,116
37,341
VU Cairo
8t.
fvt.
25
260
"925
430
5,433
4,043
89
641
356
7,166
306
745
11.934
3,031
9,126
1,160
12,945
5,094
24,091
29,595 41.415
134.504
..
14,2*4
rail to
Canada.
The foregoing showg that the week's net overland movement
year bas been 14,314 bales, against 41,415 bales for the
In 1903, andthatfor the season to date the aggregate net
overland exhibits a decrease from a year ago of 104,009 bales,
khii
week
1908.
1902.
In Might and i^nneri
TakingB.
Ifaak.
Min$»
Mevi
1.
Waaik.
JBinet
atpt. 1.
Beceli>ta at porta to Got. 23
324.280 1,580.629 8 13.879 1,9.^2,245
Nat overland to Oct. 23
29,59M 41.415 134,504
14,244|
Bontbera consumption to Oct. 23.. 42 000 285,000! 40,000 313.0(0
Total marketed
380,524 1,895,224 395,294 2,399,749
68,268 221,088] 57.151 874,183
Interior stooks In exoess.
Came Into sight daring ireek. 443,787
Total In alght Oct. 28
Wortb'B aplnners' tak^gs to Oct. 23 23,404'
Movement
Wetlt—
1901- Oct. 25
19O0 Oct. 28
189 - Oct. 87
1*98— Oct. 88
452,445
2,116,306
829,538: 59,4161
2,773,932
820,268
into sight in previous years.
...._
1—
Bmlet.
Since *«pf.
557,536
471,438
369.488
519,001
1901-Oct 25
1900-Oct. 28
1899-Oct. 27
1898— Oct 23
Bale*
2,867.876
2.711.418
2.681,484
3,079,317
Steady.
Steady.
Steady.
Steady.
Quiet.
Steady.
Firm.
Steady.
Firm.
Steady.
Weather Reports by Telegraph.— Advices
to
Steady.
Steady.
us by
telegraph this evening indicate that over much of the South
the conditions have been favorable for gathering the crop
during the week, In the Southwest the weather has been
dry as a rule, and while rain has fallen In many districts
elsewhere the precipitation has been light, except in some
sections of the Gulf and Atlantic States, Frost is reported
in a number of localities, but at only a few points it is
stated to have been killing. Picking has on the whole made
excellent progress and marketing has been quite liberal.
Oalveaton, Texas. —Dry weather has prevailed all the week.
The thermometer has averaged 65, ranging from 56 o 73.
Abilene, Texas.
have had no rain the past week. The
thermometer has ranged from 40 to 80, averaging 60.
Brenham, Texas.— It has rained on one day of the week,
the precipitation being one hundredth of an inch. Average
thermometer 62, highest 78, lowest 46,
Corpus Christi, Texas, There has been light rain on two
days of the week, the raiofall being two hundredths of an
inch. The thermometer has averaged 65, the highest being
78 and the lowest 62,
Ctiero, Texas.— The weather has been dry all the week.
The thermometer has averaged 62, ranging from 44 to 80.
Dallas, Texas. We have had no rain during the week.
The thermometer has ranged from 37 to 84, averaging 61.
Henrietta, Texas. There has been no rain during the week.
Average thermometer 60, highest 84, lowest 86.
Huntsville, Texas.—There has been a trace of rain on one
day of the week. The thermometer has averaged 68, the
highest being 75 apd the lowest 41.
There has been no rain during the week.
Kerrville, Texas.
The tht^rmometer has averaged 57, ranging from 82 to 88.
Lampasas, reojaa.— There has been no rain daring the
week. The thermometer has ranged from 34 to 81, averaging 68.
have had no rain the past week.
Longvtew, Texas.
Average thermometer 58, highest 76, lowest 40.
Luling, Texas.— There has been no rain the past week. The
thermometer has averaged 59, the highest being 78 and the
lowest 39.
have had rain on one day of the
Palestine, Texas.
week, the rainfall being seventy-four hundredths of an inch.
Average thermometer 60, highest 76, lowest 44.
Paris, Teajcw.— There has been rain on one day of the week
to the extent of fifteen hundredths of an inch. The thermometer has averaged 69, the highest being 80 and the
lowest 38,
San Antonio, Texas.—There has been no rain during the
week. The thermometer has averaged 61, ranging from
43 to 80.
Weatherford, Teajcw.— There has been no rain the past
week. The thermometer has ranged from 43 to 77, averaging 60.
have had rain on one day
Shreveport, Louisiana.—
the past week, to the extent of two hnndredths of an inch.
i
— We
—
—
—
—
—We
—We
We
Oct.
7
.
.
THE CHRONICLE.
24, 1903.]
The tbermometer has averaged
the highest being 79 and
60,
the lowest 41.
have had rain on one day of
New Orleans, Louisiana.—
the week, the rainfall being eighteen hnndredths of an inch.
Avera(;e thermometer 65.
Leland, afwsMaijjpi.— Killing frost occurred on the 19th.
The thermometer has
have had no rain the past week.
ranged from 80 to 85, averaging 59-4.
OreenviHe, ilississippi, Weather fair and cool.
Vickthurg, Missisaippi.— There has been rain on one day of
the week, the precipitation reaching twenty-two hundredths
Average thermometer 81, highest 80, lowest 44.
of an inch.
Columbus, If M«t8««ppi.— Large amount of cotton is coming
into sight as a result of the good weather. Rain on one day
of the week, rainfall being thirty-one hundredths of an Inch.
The thermometer has averaged 56, ranging from 86 to 76.
Helena, Arkansas. Fine picking weather. Frost did not
hurt cotton. Rain has fallen on one day of the week, the
rainfall being one hundredth of an inch. The thermometer
has averaged 69, ranging from 84 to 82.
Memphis, Tenn.— Picking is active. Killing frost occurred
in some sections on the 19th. There has been no rain during
the week. The thermometer has ranged from 41 -a to 81-1,
•
We
We
—
—
1311
For the Week.
MMportt
tron*—
Great
Britain.
OoHtinent.
Minee September
total.
Qreat
Britain
Conti-
l.
total
nent
dombay—
1908
1902
1901
8.O00
3,000
8.000
8,000
1,000
1,000
2.000
1,000
20,000
17.(00
16,000
22,000
18.000
16.000
4,000
8,000
4.000
6,000
3,000
1.000
1,000
2,000
)»loutt»—
1903
1908
1901
fi.OOO
•adras—
1903
1902
1901
iUothers1908
1902
1901
(oiaiail1903...
1902...
1901...
1,000
1,000
1.000
1,000
2.000
3,000
2,000
1.000
3,000
2,000
1.000
19.000
17.000
17.000
19,000
17.000
17.0O0
3,000
6.000
5.000
3,000
6.000
5,000
44,000
40.000
88,000
46,000
41,000
38.000
2,000
l.COO
Alexandria Receipts and Shipments of Cotton,—
Through arrangements we made with Messrs, Choremi,
Benaohi «& Co.jOf Alexandria, we now receive a weekly
averaging 60'8,
Nashville, Tenn.— The crop is over half picked. It has oable of the movements of ootton at Alexandria, Egypt.
rained on one day of the week, the precipitation ibeing nine The following are the receipts and shipments for the
hundredths of an inch. Average thermometer 59, highest 82, past week and for tbe oorresponding week of the previous
two years.
lowf st 86.
Mobile, Alabama.— liif^ht to heavy frosts occurred on MonAlexandria, Egypt,
Cotton picking is
interior; cool balance of week.
well advanced, but little top crop expected. There has been
rain on two days during the week, the rainfall being seventyone hundredths of an inch. The thermometer has averaged
64, tbe highest being 79 and the lowest 45.
Montgomery, Alabama.— Lihght frost has occurred during
Weather now warmer. Pickthe weea, but no killing frost.
ing and marketing uninterrupted. Rain has fallen on two
days of the week, the rainfall reaching two inches and ninetysix hundredths.
The thermometer has averaged 62, ranging
from 43 to 82.
Selma, Alabama. Rain has fallen on one day during the
week. The thermometer has ranged from 38 to 87, averaging
day in 'the
—
70.
Madison, Florida.
—There
has been rain during the week,
(Jetober
1902.
1903.
21
1901.
Receipts (oantarB)*—
This week
Since Sept. 1
265,000
974,146
TKi$
week.
Exports (bales)—
To Liverpool
To Manchester.
To Continent
To America
Total exports
*
314,600
290,000
1,260.662
1,044.921
This
week.
Since
Sept. 1.
Since
Sept. 1.
24.022
10,874
8.679
3,036
45 898
7,250
92,000 23,282
88,042
600
35,322
13,346
36,750
6.682
15,500
71,324 28,746
8,606
Since
Sept. 1.
2,87ft
27,641 11.212
7,914
4,947
38,974 10.194
2,393
1,775
7,000
..
This
week.
8,692
A cantar Is 98 pounds.
Manchester Market.— Our report received by cable
to-night from Manchester states that the market is firm for
both yarns and shirtings. Merchants are buying very sparingly.
give the prices for to-day below and leave those
for previous weeks of this and last year for comparison.
to the extent of five inches, on two days. Average thermometer 71, highest 94 and lowest 54.
Augusta, G'eorgfta.— It has rained on one day of the week,
the precipitation t>eing one inch and sixty-two hundredths.
1903.
1902.
The thermometer has averaged 61, ranging from 42 to 78.
Savannah, Georgia. There has been rain on two days of
8 k Ibi. Shirt- Ooten
8H lbs. Shirt Oott'n
32( OoP' ings, common Mid 82f Oop. ingt, common Mid.
the week, the precipitation reaching two inches and nine
Iwitt.
Iwitt.
Uplds
Uplds
to finest.
to finest.
hundredths. The thermometer has averaged 66, the highest
being 79 and the lowest 50.
d.
d.
B.
d.
d.
d.
d.
B.
d.
d.
8.
d.
A.
5i«
Stateburg, South Caroftno.— Picking keeps up with open- Sep 18 9
©gss
9 OS 4i« 6-58 714 -ass^gS s 07 9
••
42»!,o
258''8 •9ifi
7»««8 3
620 73ie 08i8 6 2i«»7 9
ing, and both are completed in some fields. Tbere has been
7 <»8 2
604 73,a «8ii6 5 2i«»7 9 4-84
218% «938
beneficial rain on two days during the week, the rainfall Oct.
4-78
" 9yiiie»9'4
6 «8 l»fl 5-80 73ia oShsS 21997 9
being one inch and seventy- five hundredths. The thermom4-72
" 168iii6»9J4
6 OS lifl 691 7»i« «8iia5 2i«»7 9
23'8i«
"
4-68
5 08 1^ 5-74 73ig 08ii«5 2>«»7 9
«9»e
eter has averaged 63, the highest being 80 and the lowest 43.
Cfreentcood, South Carolina,
The week's rainfall has been
Government Weekly Cotton Report.— The regular
one inch and eighty four hnndredths. The thermometer has
cotton report issued by the Climate and Crop Diweekly
averaged 68, ranging from 49 to 71.
Weather Bureau through the New OrCharleiton, South Carolina.— It has T&ined on three days vision of the U. S.
Office for the week ended October 19 was
Weather
leans
of the week, the rainfall reaching one inch and ninety-two
hundredths. Average thermometer 65, highest 76, lowest 54. summarized as follows:
Cotton picking has made good progress, although slightly delayed in
Charlotte, North Carolina. There has been rain during
The bulk of the crop has been gathered and
all sections by showers.
the week, the rainfall being one inch and forty hundredths. the yield Is generally below the average.
The thermometer has ranged from 47 to 78, averaging 59.
Liverpool Cotton Association. At the annual meeting
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at of the Liverpool Cotton Association, held Oct. 12, Mr. Kern,
Co., was chosen President for the enof Messrs De Jersay
3 o'clock Oct. 22, 1903, and Oct. 28, 1902.
suing year, arid Mr. Joseph Armstrong, of the firm of ArmOct. 22, '03. Oct. 23. '02,
strong
Barry, was elected to the office of Vice-President.
We
—
—
—
—
&
&
Hew Orleans..^
.,
Bf amphla....^ .....
MhvlUe
...
hreveporl....
YletabPTg
...
Ftet.
Feet.
4-8
11-3
6-8
1-2
1-5
3-4
17-6
15-4
..Above lero of gaage.
..Above xero of gange.
..Above zero of g»age.
..Above zero of gauge.
..Above lero of gange.
91
09
Egyptian Cotton Crop.— Through the courtesy of Mr.
Fr. Jac. Andres of Boston, we have received this week the
resume of answers received in September by the Alexandria
Produce Association, as follows
Worms did not appear in September and the fogs were of short
duration and small importance. On the other hand, however, the
cotton trees were not favored by the temperature, which was cooler
than what was necessary, especially during the second half of September. Nevertheless the plants are In a healthy state and carry many
strong and •vigorous bolls, which only require ten to fifteen days of
good heat In order to come to maturity and open. We can not therefore yet estimate the result of the crop, which depends greatly on the
atmospheric loflaenoes of October, but one still hopes that it will be
superior to last year's crop. Up to the present the yield in ginning la
better than In 1902. Reports from Upper Egypt and the Fayoum are
less favorable than those of our last re8um6. The second picking has
not given the result that was hoped.
:
New Yobk Cotton Exchange— Death of Mr. M. B.
Fielding —At a meeting of the members of the New York
Cotton Exchange held Saturday noon action was taken on the
death of Mr. M. B, Fielding, one of the oldest members, as
well as a former official of the Exchange. Mr. Fielding was
President of the Exchange from 1882 to 1884, and some years
earlier (1872 and 1873) served as Vice-President. Mr. Fielding was very highly thought of by his fellow members, and
had very much to do with formulating the rules under which
the business of the Exchange is conducted. Resolutions exShipping News.-As shown on a previous page, the
pressing sympathy with the family of the deceased in their
bereavement and expressing the lOES which the Exchange exports of cotton from the United States the past week have
reached 235,178 bales. The shipments in detail, as made up
had sustained in his death were adopted.
from mail and telegraphic returns, are as follows:
Total hales.
India Cotton Movement from all Ports. The receipts
New
Yokk—
To
Liverpool, per steamers Armenian (additional),
of ootton at Bombay and the shipments from all India ports
30. ...Celtic, li,l38....Cymrlc, 6,616. ...Georglc, 9,632.. 27,416
5-''0
for the week ending Oct. 22, and for the season from Sept. 1
To Hull, per steamer Hindoo, 550
1,250
To Manch-ster. per steamer Terence. 1,250.
to Oct. 22 for three years have been as follows:
La Gascogne,
To Havre, per steameri La Bretagne, 850
—
—
1803.
Mtttipti at-
Wuit
Bombms
I
4,000
1902.
Minet
Sept. 1.
38.0001
Wfh.
3,000
Minct
Mept. 1.
20,000
1901.
Week.
9,000
Mine*
Mept. 1
70,000''
4,049 upland, SS Bea Island -La Savoie (additional), 4..
To Hamburg, per steamers Patricia (additional), t2....
Phoenicia, 20u
:
To Antwerp, per steamer Vaderland, 2,617.
Vletorla, 900...
To Genoa, per strs. Cltta di Napoll. 400
To Trieste, per steamer Auranla, 50
To Venice, per steamer Fooasset, 600....
4,991
212
2,6
1
1,300
50
60O
THE CHRONICLE.
1312
Total baUt.
Nbw
Oblsams To Liverpool -Oot. 19— Steamers Wm, Ollff,
16.643
6,843. ...Oct 22- Steamer California. ll.OOO
ToDnbltn-Oot 20— Steamer Belfast. bOJ
603
Xo Havre— Oct. 20— Steamer Ernesto, 6,724
Oct. 81—
Steamer Montauk iO,-<o4
17,528
6,308
To Bi em en Oct. 23 Steamer Peter Jebsen, 8,308
l.oOO
To Copenhagen -Oct I'-Hteimer Loalslaaa, l.OOO
B:iroelona-Oot.
Steamer
To
16—
Juan PorKas. 6,605
6,605
To Geroa-Oot. 17 Steamer aita di Palermo, 1,983
To Vrra Cruz-Oot. 18 Steamer DagHn, 50
50
Galveston ToLlverpool-Ooc. 17 Steamer Wayfarer. 18.180 IS.ISO
To Manchester Oct. 19 8tr Maria de L*rr)n»Ka, 11,821.. 11,821
To London Oct. '<!S Steamer Cayo Komitna, 543
543
To Havre -Oct. 15-8teamer Miueola, 9,400. ...Oct. 19-rSteamer European.
22.678
IJ. 273
1300
To HamburK Oct. 20 Steamer Kensington, l.'JOO
Ta Antwerp Oct 19-Steamer H >ruby Oastie. 2,932.
,
To Vera Cruz -Oct. 19 -Steamer Hu<la. 1.950
Mobile— To Llveruool-Oot. 16—Steamer
PEN8ACOLA To
Poohllngton, 2.802.
Oot. Itf— Steamer Maria, 5,270
.Iveniool
Savaknah-To Breoien-Oct. 18-8te»mer
St.
2,9a2
1,950
2,»0i
6.270
Danstan. 12.6«i4
Oot. 20— Steamer
Oot. iT-Stt-amer i^oblenz, 3.454
25,620
Cheiterham, 9,4»i. upl»nd and 60 Sea Island
300
To GDttenburg-Oct. 17-Steamer Cobienz.SuO
16
-Steamer
St.
Danstan.
950
950
To St. Peter»bnrg-Oct.
CoUienz.
300
300
ToOefle-Oot 17-Steamer
Oot. 20To R-^val Oot 17— Steamer Cob.enz, 100
19J
590
SteamerCtieltenhim
150
To Riga Oot. 20 -Hteamer Clieiteuham, 150
250
To Oporto -0«-r. 20-8ttiamer St Dan8t*n. 250
6,850
WiLMmoTON— ToHavre-Oct. 21 -Steamer Falcon. 6,850
Oot. 2i —
To Bremen— Oor. 17— Steamer Oandleehoe, lS,5bZ
24,437
Steamer Haxby. 10.h75
BOSTOH To Llverpool-Ojt. 16—Steamers Bostonlan. 59/i;
Ultonla. 7,5'9...0ct. 2i - Steamer Commonwealth, 4.550 12,722
2,600
Balttmokb— To Llverpjol -Oct 15 -Str. T.impleaiore, 2,600
4C0
To Bremen Oot. 2 1— Steamer Frankfurt, 403.
169
PHir,ADBLPaLA— To Liverpool Oot 16-Str. Belgenland. 168..
SO
8BATTLJE -To Japan— Oot. 11—Steamer Shluano Maru, 30
ToUL
.286,176
Ttie particalars of the foregoing shipments for the week
arranged in our nsaal form, are as follows.
Great French Oer- ^OlK.E'rope—^ Mexico,
Brii'n. ports, many. North. South.
<tc.
Japan. Total.
Hew York. 29.2 16 4,9bl 212 2,6i7 1,*»50
88,986
80
5tf.i96
H. Orleani 17,446 17,528 6.808 1,000 10,964
1,9d0
69.454
Salveston. 30,544 2^,678 1,300 2,982
2,«02
2.802
Mobile
6,'i70
......
Pensaoola. 5,270
25.620 2,290
250
Savannah
28,160
6,950 24,437
31,287
Wllmlngt'n
12,723
BJBtou.... 12,722
400
3,000
Baltimore. 2,600
169
169
PhU'delp'a
VvO vXlO*
*
••>>
••>>«
18 930
20
30
80
25
21
16
30
80
30
28«27
27O30
26927
27930
f>o
60
Baroel'na.lnd'r't.e.
e.
Trleate
e
Jaoan
(via 8nes).e
QuoCatloBs are oents per 100
30
30
Wednti. Thur$.
Ov
20
30
3J
25
20
20
30
30
25
SI
18
21
18
28*
80
26
21
16
25927
26927
27930 27980 27930
*
lbs.
Fri
18920 18920 19918
50
And
S2>a
27
80
5 per cent.
—
Liverpool. By cable from Liverpool we havQ the following
statement of the week's sales, stocks, &c., at that port.
Oct.
Sa'ee of the week
bales.
Of whl h exporters took.
whloh
speculators
Of
took.
Sales American
Actual export
Forwarded
Total stock— Estimated
Of which American— Est'd.
Total import of the week
Of which American
.
Amount
at
afl
Of which Ajnerlcan
2
Oci.B
27. oot
37.uoyj
2,00C
2,000
1,000
28.000
18.0OC
............
4,000
3000
84.ULK.
37.000
127,000
53,000
149.0OC
67,OOC
28.00C
17.00C
98,00C
Sl.OOf
Oct.
17,00<i
17,000
162,000
141,000
16
Oct.
23
85,OOU
3,000
35.UIM
2,000
26,000
5.000
46,000
119,000
44.000
42.000
28.000
268,000
236.000
2^,000
6,00C
50,000
133,000
64,000
71,000
62,000
303,000
275,000
The tone of the Liverpool market for spots and futures
each day of the week ending Oct. 23 and the daily closing
prices of spat cotton, have been aa follows.
June-July .
July- Aug...
Aug. -sept...
riMJdav- Wtd'day] tkurtd'y Wridav
Aat'day
ifotulav.l
M
Qnlet.
Moderate
demand.
Mid. Upl'ds.
5 96
5-86
868
8.000
7,000
600
COO
9,000
1,600
Market,
12:30 p. M
Sales
gpeo.
& ezp.
Future*.
ailar.
Moderate
demand.
Unlet.
Qnlet.
8-78
8-72
8 74
7,000
1,000
6000
6,000
500
500
I
Easy at ;Brl7it'dT Steady at Veryit'dy B'-'lTit'dj'ateady at
i«i pu.
s pu.
ea? pta 7ttb pts. tl<ti> PU. 3 44 pts
ndTknoe. deoiine.
decltce.
deellna.
advanoe. decline.
I
Market
opened.
Market
a P M
•
I
I
I
at Qnlet at Very gt'dv Bt^ady »t Firm at iBr'lyBt'dy
<'*1H pt«.l»2^ i»U.l>*-UH Pt8.1<Wai3 p.i«»l.» pt». H-aiU PU.
i»cHn«.
aaellim. ailvance. »dTBric«
decline.
decline.
•*te«dy
}
(
)
I
I
^
,
'
d.
d.
d.
4 12>« 4
M. P. M. P.M. P.M.
12»«|
P.M.
P.
d.
d.
d.
d.
6 51 5 48 8 81
5 20 5 28 5 34 6 35 5 32 ,^ 37 5 83 5 38
5 15 5 18 5 23 5 31 5 27 5 32 5 28 5 80
5 13 6 16 5 27 6 28 ft 25 5 ao 5 26 5 28
512 6 1: 5 25 5 27 5 23 5 28 5 24 8 27
6 12 5 16 ^25 6 27 5 23 5 28 5 24 5 27
6 37 5
513
613
4<
5 15 16
5 14 5 It
d.
>49 5 60 5 47
S2^ 6 97
^25 5 26
5
5 23 5 28 5 24 5 28
5 23 5 38 b 24 5 26
25 6 26 6 23 5 28 6 24 5 26
....
•
•••
Jute Butts, Bagging, &c.— The market for jnte bagging
has been dull during the week under review, bac prices are
unchanged at e^go. for \% lbs. and ^]^i. for 2 lbs., standard
grades.
Jute batts also dull at
\%®i%Q.
for paper grades
and 2@2J^c. for bagging quality.
BREADSTUPFS.
Friday, Oct.
The volume
23, 1933,
market
wheat flour has reached only small proportions. Buyers
as a rule have been holding back, the purchases they have
made being strictly on a hand-to-mouth basis. Despite the
slowness of the demand prices have been well maintained,
eapecially for winter- wheat fljur, of which stocks and offerings have been small. City mills have had a moderate sale
of busineas transacted locally in the
for
R^e
at full prices,
flour has
been in fair jobbing demand
and steady. Buckwheat flour has been quiet but steady.
Corn meal has been easier, reflecting the decline in values for
the grain.
Mon..
'
o.
f.
86%
b
86 >«
ftUt.
Wttt
86
86ie
8b»8
86B8
8338
87 14
Deo. delivery In elev
861s
82 '8
82''8
8414
May delivery In elev
80
80^
July delivery In elev
l>aII.T Ot-OBIHO PBIOBB Ot HO. S aPBIMO WHflAT
Wed,
Mon
rue*
80ifl
sole
80^4
SO'^s
Dec. delivery In elev
78»«
7888
eiev
79
May deurery
80>e
r*«r».
85 >s
86
frx.
86>4
66%
82%
83>«
79'8
80
m OHIOAOO.
—
m
faun.
frl.
79%
80i«
78'8
78'«
Indian corn futures have been moderately aotive, but the
tendency of pric s has continued towards a lower basis.
Weather conditions in the corn belt have continued favoraThe movement of the old crop has
ble for the corn crop.
been on a fairly liberal scale, farmers being disposed to
market their rem iinlng stocks of old-crop corn more freely
now that a good yield from the new crop is assured. It is
estimated that there is still a considerable percentage of oldcrop corn in farmers' hands, and this, with the full yield
from the new crop, is increasing the b.earish sentiment exBusiness in the sp jt market has been
isting in the trade.
fairly active, exporters being good buyers, especially during
the first half of the week. To-day the market was steadier
on less favorable crop reports, The spot market was quiet
and unchanged.
DAII.T OLOBIHO PKIOM or
NO. 2
MIXBD 0O<K
Mo*K.
laata
Spot
d.
Frl.
Oe/. 28.
50
20
30
30
25
an
16
28930
d.
4
22
50
18® 20
20
80
30
26
21
e.
Ajitwerp
18
e.
Beval, lndlreet..e. 28930
Beval, via Canal. e.
80
1
12ifl
4 12)fl
P. M. P. M, P.M.
Oct.
Cash wheat
IS® 20
ehent
d.
d.
5 48 5 46 5 48 5 42
5 30 5 27 5 24 5 25
OoVNov
Nov. -Deo
5 24 5 215 19 6 20
Dee. -J an
521 5 195 1716 is
552 5 185 16 5 16
Jan.-Feb
Feb-.Moh.... 5 2'J 5 185 16 5 17
Mch.-A.prtl.. 8 22 5 19 5 16 5 17
April-May.. 5 21 6 1« 5 17 5 17
May Mine... 6 22 6 196 17 5 18
October
Thara.
21
Oct.
80
30
Tuet.
Hambtirg, a8ked.<.
Senoa.. ......
I219 1 I219 4
P.M. P.M. P.M. P.M.
20
28
Mon.
c.
Tnea.
Oct.
80
30
Batur,
e.
RIon.
Ocl 19
80
30
85 027
wV
8,839 13,164 2,000
30 235,176
to Japan sinoe Sept. 1 have been 830 balee
frotn the Pacific Coast.
CJotton freights at New York the past week have been
as follows.
Havre
Bremen
Sat.
17
Oct.
28930 28930 28930
• •• •«
•*•••
The exports
e.
Liverpool
Maxoheeter, ask.?.
prloes of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
SpeLiulation in wheat for future delivery has been on a
moderate scale only, and prices have declined. The weekly
statistical development reported early in the week had a
bearish influence. The world's exports to European importing markets were again full, they being especially
The American visible
liberal from Russia and the Dinube.
supply statement showed a fair increase in stocks for the
week. Weather conditions throughout the West have been
reported generally favorable for threshing and movement of the crops, and the offerings of the springhave been on a more liberal scale.
wheat crop
Early in the week shorts of December delivery were
fair buyers to cover contracts, and this held prices for that delivery steadier than for the more distant months. Subseq uently,
however, this buying subsided, and under moderate offerings
values weakened. The spot market has been weaker and at
the deoiine a fairly full volume of export business has been
transacted; this buying has had a tendency to hold the downward course of values in check to some extent. To-day the
market was firmer on stronger foreign advices and reports
The spot market was
of war possibilities in the Far East.
firmer but quiet.
>ALLT OLOtnta PRIOBB OF HO. S BSD WIHTBR WHBAT III NBVT TORK.
100.769 52,017 68,277
Total
The
below.
4,359
Manilla. 2.876
[Vol. lxxvil
com
f.
o.
Deo delivery
f>2^
b
In elev
—
5\H
iS^
51>a
5038
I«
NBU' YOKK-
ruef.
51<4
WtA.
Tkun.
81''8
52ie
60%
6038
60<>8
Wri.
82i«
60^8
48ie
48
48%
48
48
DAILT 0I>O8niQ PBIOI* OV 90. S MIZID OOSBI IH CBIOAOO.
fr<
Wtd. Thw$.
Mo*t.
rues.
Bat.
4878
4314
4388
43%
44*8
48*t
Oct delivery In elev
4Ji«
44>«
43(>8
44
4>%
44^8
eiev
Deo. delivery
42i«
43
42>4
42)«
42%
May deUveryln elev.... 4ji«
May dell verey
In elev
m
Oats for future delivery at the Western market have been
moderately active. During the first half of the week the
tendency of prices was towards a lower basis. The crop
movement was fairly full, and with a slow trade demand
there developed moderate pressure to sell. Subsequently,
however, reports of renewed buying by large interests turned
the market firmer. Locally the spot market has been quiet.
To-day the market was firmer.
M
.
..
THE CHRONICLE.
Oct. 24, 1903.]
DAShT OMMXHO FBIOM OY
Sal.
OAM
JfoH.
YORK.
IH NBUT
Wed.
Tuet.
Tkura.
1313
A moderate demand
Fri.
goods; the market
is
reported for woolen and worsted dress
in gen*»rally good condition and steady
is
42
42
42
42
42
42
mo. S mixed in elev
Carpets are very firm and tending against buyers.
43^ in price.
43>«
43
43
48
48
o. S white in elev
Cotton Goods.—The exports of cotton goods
Domestic
DAILT OLOaiMe rUOBI OF HO. S MIZSD OATI IH CHICAGO.
for the week ending Oct. 19 were 8,418
port
this
from
#v<
Skwi.
W*d.
TtUi.
Mon
Sat.
86S9
SSHg
packages, valued at $195 993, their destination being to the
34»«
36
34\
36
Oct. deltTery In eleT
SftSa
S5Bb
36
35
86V4
3^^
Deo. delivery In ©lev
points specified in the tables below:
Se^*
36%
36
3«>i
36''8
36
Maj deUvery In eler
1908.
1908.
Following are tbe closing qnotatloni:
NiwYosKTo Oct. 19.
FLOUB.
Wfk MiHBtJan.l
Pfttent, winter.. ..84 25 94 60
.^i....^«2 90 «2 95
noe
4
80
patent.
95
40
areat
Britain..
Olty mills,
22
1,548
Saperflne. ^^ ^. 2 9S •3 10
1,740
Ryefloar,saperflne 3 25 9H 00
Other Intopean.M........
2
1,120
xtara. No. t. . .... 3 10 03 20
992
30
floar..
2
92
Buckwheat
50
40
319
112.70i
Uhlna..^ ..................
xtr», No. 1 .. _. 3 25 93
99,t>56
mealOorn
?0
04
15
268
11.883
India....... ...... ... M.
01earfl..^..M«>~. 3
18,642
Western, ete..... 810 93 16
31.925
4rabla...„ ....
Btralght8....««.... 4 00 • 4 65
...
18,476
3
16
Brandywlne
4)
95
095
4
75
12
8
Patent, spring....
9660
Af rlea...
... ..... ....
23,160
49d
19,452
Weet Indies....
OKADI.
2.463
45
1.837
asexioo.......... .... ..~ ...
e.
e.
Oom, per bush.—
o.
0.
Wbeat, per boan.—
2.'<1
9f21
8,047
Amerloa.
Central
.... ....
Western
mixed...
.61
953
t. o. b
H.DoL.No. 1
48,250
43,917
1,691
America...........
lonth
b.52i«
mixed......
I.O.
No.
a
M0.I
f.o.
b.01%
mttaernDal.,
830
8,647
11,453
to. b.64B8 other Oonntrlei.....
Mo. 8 yellow...
Bed wlntex. No. S f. 0.b.86J4
to b.52>fl
No. 2 white
Vort'n Dal. No. 3. f. o. b8S
3,418
259.409
282,772
Total.
Kyo, per bushOMtB— Mlx'd,p. bash. 40>«»43i«
.57 962
Western ..........
42 946
White
.56 958
State and Jersey.
No. 8 mixed. ...... 42 943
Yoric exports since Jan. 1 to date
The valtie of these
.55 961
Barley— West
Ho. 8 white........ 43 944
has been 111,794,771 in 1903, against $10,750,201 in 1902.
.45 950
Feedlns.....
The goods bought for export referred to above were 4-yard
Exports of Brkadstuffs. Provisions, Cotton and brown sheetings, mostly at 4%c. for 48x538 and at 4%c. for
rtia experts of these articles during the month
PBraoL.Ecr.\i.
56x608. They are reported to be for the Yangtse markets.
of September, and the nine months, for the past three years This is the first purchase of any amount of 4 yard sheetings
have Deen as follows:
Business in heavy weight sheetings
for China since 1901.
and drills has been on a limited scale, but there has been no
1901.
1902.
ieo3.
Bxportt
change from previous prices for stock goods and sellers are
from V. S. Stptembtr. 9 Monthi September. 9MonthB September. 9 Month$, firm for forward contracts, Bayers of denims have placed
orders for moderate quantities at previous prices. Tickings
Quantitiet.
are in good condition in nearly all lines and prices are firm.
6,830,296t.866,S77
17.620,818
95,3:3,194
13.338,981
WbeaUbuah.
138.960.187
Other coarse, colored cottons, such as plaids, checks and
1.708.456 18,370.701
1.606.336 14.828,233
1.826,773 13.524.76.1
Flour. ..bbla.
stripes, cottonades, cheviots, etc., are quiet, generally well
Wheat. ..bu 14.650.775 Ii6.717.3i6 86.808.400 150,831,318 23.117.493 202.964.736
sold up and steady in price. Bleached muslins and cambrics
3JS.643
S.679 817 73.60S,68B
6.7*?.204
3.067.076 93.634,080
Cora. ..bush
are steady, with a quiet current business doing, while wide
Tot. bush.. 18,830.6 <2 189.821,021 25,681.043 157.669,552 9').181,569 297.643.756 sheetings, sheets and pillow cases rule qaite firm.
Cotton
price.
The
dull
and
unchanged
in
and
blankets
are
flinnels
Value$.
t
I
t
t
I
t
Wb't & flour. 18,833. '?7» 85.S33,63fl 10.311,104 IIT.629 671 17.378 650 161,726,858 demand for staple calicoes continues quiet on home account,
1.9138,365 43,349.862
with a moderate demand for export. Fancy prints are dull.
Oorn& mem I. 8.37-1,633 41.813. S45
872.361
6.324319
l,5i8,S28
101.4^2
23,146
514.781
Rye
J. 748 715
1.281.643
The market for ginghams is in a strong position , being well
2U9.663
Oats Jt meal
115.018
1.818.49^
721.541
3,069,630
9,061,486 sold up, and prices tending upwards in some directions. Print
Barley
795.490
860.560
8,610.900
1.150.740
2.818.133
1,870.337
cloths are dull for regulars and nominally 3J^c. Both narrow and wide odds are steady, with a moderate demand.
15,599,'liH 142.491.lf6 21.970.483 120.605,463 20.43a,4'^0 218,393,081
Br'dstaffs...
Provisions*. 16,238.789 145.530,910 lS.3i9.44S 138.632,493 18.649.703 163,240.384
Foreign Dry Goods.- The dre?» goods division is steady
(Cotton
a 1. 1-27,400 177.646,498 89.9S0.8ie 186.935,830 16.493.986 ie7,«12,937 with an average demand coming forward.
Piece silks are in
Petrol'ra.&c
6.696,583 52.694,760
e.37».076 4?.-14(J.991
1,312 936 4S.771,457
no better demand than before and prices are decidedly irregTot. vaUe S9.33J.8i- 615 315,S»5 70,043,732 48^845,238 63.177.732 d08,14 1,035 ular.
Ribbons are dull and unchanged. Linens are firm but
Burlaps are quiet at previous prices.
quiet.
* Inoludlag cattle and ho^s la all months and years.
Note — A'l of the ab^ve flenre^ara based on the monthly prallmlnary Importations and iVareltoase Wlttedramralaot Dry Good*
ratarnsl^saed bv the Baraaaof Scattstlos.and cover about 98 per cent
The Importations and warehouse withdrawals of dry goods
of the total exports.
at this port for the week ending Oct, 22, 1903, and since
iV Fer other tables nsaally elven here see paze I'^fl.
January 1, 1908, and for the corresponding periods of last
year are as follows:
New
—
,
THE DRY GOODS TRADE.
S.
New
York, Friday, P. M., Oct. 23, 1903.
Purchasers of brown eheetinga for export to China have
attracted considerable attention this week. In some quarters they are locked upon as indicating an early resumption
of general baying for that market, bat this
justified.
The goods are not intended
view
is
for the regular
fiaancial than the merchandising departments of the various
houses. Business in woolen goods has ruled quiet throughout, with an irregular market for men's-wear fabrics.
Job
bing trade throughout the country is quiet, but a fair retail
business is generally reported.
attendance of buyers in the market
has been on a limited scale and restricted orders only have
been placed. Salesmen on the road also are sending in but
indifferent sales. A decidedly qaiet tone thus prevails in
this division in both woolens and worsteds for men's-wear
Most of the buying has again been of woolens in staplei and
medium-grade fancies, buyers still showing an indisposition
to do any better on worsteds than before, and considerable
worsted machinery is lying idle. Sellers are presiing both
staple and fancy worsteds for sale, and prices show much irregularity,
Woolens are, in comparison with worsteds, well
situated and steady in price. The demand for overcoatings
continues dull in all lines, and the tone of the market is weak,
with irregular prices. Cloakings are quiet and unchanged.
s
J
»
t
i
i
t
§52
•to
"o
O "-n
o 4
III
i
t
I
i
!
•
i
iiihr i|M!!!!
ii
a
•
I
I
I
i
W to 0> 03
00 en
CO
•»
!
I
•J
w
00
10,148
"V- CO
8,435
^ «• «a
b'oVa'o*!
COO
OOOiK^QP
60 en OS
«0««ao
CO
o
f
ihiT
'
00
OS
CO
<*
iii
si
Amer-
same time the qaantity bought, somewhat in excess of 5,009
bales, and the fact that at the close of the week there are
still inqairies in the market for more, give importance to this
new demand. There are few inquiries coming in for the
heavier weight brown cottons. Apart from the foregoing
the condition of the cotton-goods market has not shown any
marked change. The strength of the market for cotton has
a tendency to stiffen sellers somewhat, where signs of easiness have recently been noticeable, but it still fails to stimulate buyers to anticipate requirements to an appreciable
extent. In this connection, however, it is probable that more
business would ba done if the financial situation were more
favorable, the present policy being dictated more by the
WooLES Goods —The
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ican outlets in Northern China, and are of a different construction from the American sheetings sent there. At the
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»
THE CHRONICLE.
1314
Stati:
[Vol. lxxtii.
La Plata County, Colo.— Bond Redemption Notice.— C. C.
Eddy, County Clerk, gives notice that the 8« judgment bonds
of this county dated Sept. 1, 1901, Deo. 80, 1901, and April 87,
1908, were called for payment May 29, 1908, and all interest
has ceased since that date. Holders of these bonds should
present same to Kountae Bros., New York City, for payment.
Steelton, Pa.— Bonds Redeemed.—Thia borough recently
redeemed |16,0u0
water bonds.
AVt City D£f/^BTM£WT.
Index.
An
index to all the news matter appearing in this Departfor the period from Jaly 4, 1908, to !Sept. 26, 1903, inclusive, was published in the Chboniclk of Oot. 8, 1908,
pages 854, S55 and 856.
ment
H
Bond Proposals and Negotiations this
News
week have been as follows
Items.
Brenham, Texa?.— Bond Compromise.
lowing trom the Dallas "News :"
—We
take the
:
C—
fol-
Oct. 0. -The famous oKI Santa Fe bond case, wblch has
this city for the last tweuty-four years, was to-dar settled in the Duirict Court here by entering jadKmenl agaiust the city In the
sum of »3.0.,o, with lo> Interest from date, and a stay of esecution until next
Bkin'ham. Texas,
beeu pendinc aKaingt
Feoruary.
The settlement was the resnit of a compromise effected at a special meetlnf;
of the City Council this mornlna.
The Santa Fe bond suit, whicu has become famous over Texas, was the outgtrowth of toe action of the city In issulnt? bonds in 1879 for»l6.000. The proceeds from their sale were used in purchasinn the rleht of way for the Santa
Fe Kailway through this county. Subsequently the bonds were repudiated ou
advice of the City Attorney, and the case was fouKht stubboraly thr lUKh all
the courts up to the Supreme Court of the United States, which decided In
favor of the city.
The repudiHiion was based on the grounds that the proceeds were used for
nnc mstUutlonal purposes.
For sevaral years tne matter has rested, but a few months RRoMensinKBros.
A Co. of liaiveston revived discussion of the case by reopenine it In a suit In
the District Cou' t for the full amount of the face value of the bonds, tojfether
with ihe accumulated lntere^•t from 1^79. This woulJ have appregatea many
thoutanJs, and if woa would have made the city oankrupt. Itwasthought
best to compromise and forever put the matter to rest,
New Jersey. State Legislature Adjourns.— Hhe special
session of the State Legislature which convened October 15
adjcntned October 19, alter passing a new school law to take
the place of the McKee Act recently declared invalid by the
Court of Errors and Appeals. An Act was also passed validating bonds issued under the McKee Act. See V. 77, p. 851.
St. Bernard Parisli, La. Bond Litigation.— In order to
set aside all doubts as to the legality of $50,000 5% 40-year
road and street bonds (of whioh amount $10,000 was sold on
September 7), the Police Jury has directed the District Attorney to bring about a friendly suit at as early a date as
possible. There appears to be a conflict between the provisions of Articles 281 and 291 of the Constitution, Article
281 permits a debt of not more than 10^ of the assessed valuation for various purposes, among which are included the
"paving and improving of streets, roads and alleys; also
authorizes a 5-mill tax for a period not exceeding 40 years,
as may be authorized. by vote." Article 291 authorizes a
special tax of 5 mills for five years for the purpose of constructing, maintaining and repairing the public roads and
bridges. This latter article is a special one, dealing with the
subject of public roads. Under Article 291 the tax could not
run, therefore, more than five years, and the question arises
whether this article would not permit the levying of a tax
after the expiration of tne five years.
Abbeville, S.
Bond* Not Sold.— Tha $20,000 5;« 20-40vear (optional) sewer bonds offered for sale on October 15
were not placed. For description of bonds see V. 77, p. 527.
Adams County, Iowa.— Bond Election.— The County Commissioners have decided to submit the question of issuing
|30,O0O bonds to a vote of the people at the coming election.
These bonds are meant to take up indebtedness incurred in
repairing damages to bridges, etc., resulting from the floods
of the past summer.
Akron, N.T.— Bond O/ertngr,— Proposals will be received
until 7 P. M,, October 31, by the Village President, for $10,000 electric-light bonds at not exceeding 5^ interest. Date,
Interest semi-annually.
Nov. 1, 1903.
Maturity, |1,000
yearly on November 1 from 1905 to 1914, Inclusive. Certified
check for 2% of bonds bid for required. James Ot. Chllds is
Village Clerk.
Alab»raa.— Legislative Enactments.— Among the bills
passed by the State Legislature, whioh adjourned Oct. 3, may
be mentioned the following:
Anniston Ooonty— S. B. Vo. 19S, anthorlzlng $50,000 bonds.
Coffee Oonnty— a. B. No. 229, authorizing $24,tJ00 refunding bonds.
EBoambia County— H. B. No. 1U21,S. B. No. fiSS, authorizing $30,000
refunding bonds.
Hale County— H. B. No. 741, anthorlzlng refunding bonds.
New Decatur Soh. Dlst.— H. B. No. 851, authorizing $io,000 bonds.
8t. Clalr County— H. B. No. 789, authorizing road bonds.
Alexandria, La.— Bond* Not Sold.— No bids were received
October 6 for the $28,000 5% street-paving bonds described in
V. 77, p. 787.
Allegheny, Pa.—Bond* Authorized. The Select Connoil
on October 14 passe^ ordinances providing for the Issuance
of $21,143 Shady Avenue Improvement bonds and $^8,040
bonds for the purpose of grading, paving, curbing, etc., various streets and alleys.
Alpena, Mich.— Bond* Fofed.— This city has voted to issue
$100,0u0 electric-light-plant bonds, according to local reports.
Bonds Foted.— This city has voted to
Anderson, S.
issue |50,OUU railroad aid bonds. Tnese bonds, we are advised, will not be put out until the road is built and in operation from the terminus to this city.
Appleby (Texas) Independent School District.— Bond*
Registered.— On October 9 $1,500 5% 10-20-year (optional)
school-house bonds dated Sept. 1, 1903, were registered by
—
C—
the State Comptroller.
6'aie.— On October 17 the $15,000 5% TerfundiEg
bonds
described In V. 77, p. 7^7, were
Calls
awarded to Trowbridge & Niver Co., Chicago, at 105"10 and
Council BlQffs, Iowa.— Bond Call.—V. T. True, City interest. Following are the bids
Treasurer, calls for payment^the following bonds
Trowbridge & Nl ver Co.,Chlc.|16,7a5 00 Martin CoBtello
J16,487 50
City improvement bonds for intersection sewers, Nos. 156 and 157. Date,
Seasongood & Mayer. Clncin. 16.718.7&
Dec. 10. it"90. MHiurlty. Dec. 10, I9i0, subject to call uec. 10, l9uo. Payment
Several other bids were received, but as these did not comto be made Dec lo, IvO.'J.
City iujprovenient bonds for Intersection sewers, Nos. 158 and 169. Date.
with the requirements, they were not considered.
ply
Feb IS. isya. Maturity, Feb. 15, I9ia, subject to call Feb. 16, 1902. Payment
Arlington (lexas) Independent School District.—Bond*
to be made Feb. 16, l>iU4.
City impruvement bonds for intersection paviDR. Nos. SJ2« to 3t0. Inclusive.
Not Sold.— No satisfactory bids were received O jtober 10 for
Date. bee. 6. l^8^. Maturity, Dec. 0, lauS, subject to call Dec. 6 1898. Paythe $15,000 4% 20-40-year (optional) sctiool bonds described
ment to be made Dec f, l»03.
City improvement bunds tor Intersection paving. Nos. 241 to 249, inclusive.
In V. 77, p. 851. Tnese bonds, we are advised, have been
Date. June 24, l^89. Maturity. June 24, 1909, subject to call June 24, 1899.
taken off the market.
Payment to be made Dec. 2t, 19U3.
Ashland, Ore. Bond Election Proposed.— An election will
All above bonds are in denomination of $500. Payment
be held in this city to vote on the question of issuing $20,000
will be made at the National Park Bank. New York City.
Denver, Colo.— Bond Call. D. A. Barton, Auditor, and sewer bonds. The date of election has not yet been fixed.
Angaata, kia.— Bonds Authorized.— The City Council has
C. 3. Elder, Treasurer of the City and County of Denver,
an ordinance providing for the issuance of $106,000.
passed
calls the following bonds for payment Nov. 1, 1903
bonds to refund 6s maturing Jan. 1, 1904. Denomination,
BEWEK BONDS.
Date, Jan. 1, 1904. Interest, not exceeding 4^, pay$1,000.
Broadway Storm Sewer Dlst. No. 1— Bond No. 52.
North Denver Sanitary Sewer Dist. No. 4— Bond No. 6.
able semiannually. Maturity, Jan. 1, 1934. Bonds are tax
PAVmO BONDS.
exempt.
Broadway PavloR Dlst. No. 2— Bonds Nos. 66 tc 62, Inclusive.
Bass Brook Township, Itasca County, Minn.— Bond
Colfax Ave. Paving Dlst. No. 1— Bonds Nos. 89 to 96, inclusive.
Proposals will be received until 2 p. m., Nov. 5,
Offering.
Colfax Avenue Paving Dist. No. 2— Bond No. 3.
by M. H. Jones, Town Clerk (P. O. Cohasset), for $5,000 6%
IMPBOVtMBNT BONDS.
gold road and bridge bonds. Authority, Chapter 88, Laws
South Broadway Improvement Dist. No. 1— Bonds Nos. 1 to 13, Inclusive.
of 1903. Denomination, $500. Date, Oct. 1, 1903, Interest
Also the following bonds, payment to be made Dec. 1, 1903
National Bank of Grand Rapids,
Bonds Nos. 846 to S62, inclusive, of public improvement bonds. Series "A," semi annually at the First
of the city of Denver, Arapahoe County, Colo., dated Sept. 1, 1889.
Minn. Maturity, $8,500 Oct. 1., 1913; $2,500 Oct. 1, 1923.
Bonds Nos. 48^ to 494, Inclusive, of public improvement bonds, Serle8"A,"of
Certified check for $150, payable to Henry H. Carrier, Townthe city of Denver. Arapahoe County. Colo., dated Jan. 1, 1892.
Bonds Nos. !i06 to i'll. Inclusive, of publicimprovement bonds, Series "B," of ship Treasurer, required. These bonds were offered on
the city 01 Denver. Arapahoe County, Colo dated July 1. Ih9l.
Bonds Nob. 41 to 6rt, Inclusive, of public improvement bonds. Series "C," of October 10.
the city of Denver, Arapahoe County, Colo., dated Nov. 1, 18a8.
Bay City, Mich.— Bond Election.—The City '.Council, it is
Upon request from the holders of any of the above bonds stattjd, has decided to submit to the people the question of
ten days before the expiration of this call, the City Treas- issuing $50,000 water- improvement bonds.
Buy tity, Texas.- Bond* fieyt*<ered. - On October 7 the
nrer will arrange for their payment at the Mercantile Trust
Stat^ Comptroller registered $15,000 5% 10 40-year (optional)
Co,. New York City; but not otherwise.
Havana, Caba.—C/'a//.— Lawrence Turnure & Co., New street and bridge bonds dated Oct. 1, 1903.
York City, call for payment coupon No. 58 on first mortgage
Bay County, Mich.— Bond* Befttsed.-This county on Febbonds of the municipality of Havana, Cuba, duly domiciled ruary 12 awarded $135,000 refunding road and bridge bonds
and payable In New York; also the principal of the follow- to Finn & Ducharme of Detroit. Of this issue, $75,000 was
The remaining
ing bonds, called for redemption
1,801 to 1,810, 12,691 to delivf-red to the purchasers on March 10.
12,700, 25,441 to 25,450, 26,161 to 26,170, 38,791 to 38,800, 50,481 $60,000 was to have been paid for on October 1, but the Deto 50,440, 52.861 to 53,870, 55,831 to 55,310, 55,781 to 65,770, troit firm refused to take the same for the reason that one of
56.371 to 56,880, 5*5.471 to 58,480, 60,781 to 60,770, 67,381 to the townships in the county was segregated and added to
Arenac County. We are advised that the matter as to
67,385, 68,051 to 88,055.
Arizona.— Bona
Bond
and Redemptions.
ritorial
:
:
I
I
—
—
:
,
:
—
Oct.
—
:
THE CHRONICLE.
24. 1903.]
whether the Act segregating this township
is constitntional
or not will be tried In the courts.
Bedford (Ind.) School District.— Bond« Voted.— This district on September 15 authorized the iabuance of school
honeie bonds.
BelleTue (Ky.) School District.— Bond Election Proposed.
Tbe Board of Edacatioa has petitioned the City Conucil to
call a special election to vote on the question of issuing 1-10,000 Bohool building bonds.
Denton Harbor, Mich.— Bond Sate.— The 550,000 4% public-park bonds mentioned in the Chronicle Aug. 15 have
been sold to Boston parties at par. Denomination, $1,000.
Date, June 18, 1908. iDterest, Jan. 1 and July 1. Maturity,
16,000 yearly on July 1 from 1924 to 1933, inclusive.
Berea, Ohio. Bond Offering.— PTopos&la will be received
until 12 M., November 16, by O, K. Stone, Village Clerk, for
the following bonds
—
:
11,000 j» electric llKht-lmprovement bonds, maturlUK fBOO Got. 1, 1909, and
»5i'0 Oct. 1, Iwlo.
8,500 S% water works-Improvement bonds, matnrlni; 1500 on April 1 of each
or tbe years luou, 1910, 1911 and 101)), and fouO on Got. 1 of the years
1908. IWll and IVVi.
Denomination, $500.
Date, Oct. 1, 1903. Interest, eemiAuthority, Section, 2835, Revised Statutes of Ohio.
Certified oh^ok for 5% of the amount of bonds bid for, payable to the Village Treasurer, required.
Berhshire County, JS ass.— Bond iSate.—Oa October 20 the
$50,000 4% refunding bonds described in V. 77, p. 787, were
awarded to Jaokson
Curtis of Boston at 10r41,
Bloomfleld, N. J.—Bond Election.— The Town Council has
passed a resolution calling an election November 10 to vote
on the question of purchasing the water plant of the Orange
Water Co., in the town of Bloomfleld, for the sum of $150,000; also on the issuance of bonds to pay the cost of the pur-
annnal.
&
chase.
Bristol Coanty (P. 0. Taanton), Mass.— Bond Offering.—
Propoeals will be received until 10 a. m., October 28, by the
County Commissioners, George T. Durfee, Chairman, for the
following bonds
:
Dotes of $20,000 each for bulldinR purposes. Maturity, Oct. 29, 1906.
Anthority, Cbapter 805, Laws of 190^, as amended by Chapter 319,
Laws of i*<03.
20,000 i% note for briilee purposes.
Maturity, Oct. 89, 1908. Authority.
#60,000
i''.
Chapter
80,000 i%
4e2,
Liws
of 1903.
note for bridge pnrooses,
Chapter
tS7.
Laws
Maturity. Oct. 29, 1905.
Authority,
of 1S98.
Securities are all dated Oct. 29, 1903. Interest will be
payable semi-annually.
Buffalo, N. Y.— Bond Sate.— This city has sold $20,000 8}4i
20-year grade-crossing bonds to Hugo Schoelkopf and $22,207 68 ot the same issue to the Qrade-Crosping Sinking Fund.
These bonds are part of an issue of $80,581 57 offered on
September 26, of which only $88,373 89 were awarded.
Neither the $161,816 31 31^^ 5-year or the $100,000 31^^15y ear (serial) Buffalo River improvement bonds offered on
September 26 have yet been sold.
Burlington, Vt.— Bond 0/erinflf.— Proposals will be received until 10 A. M., October 31, by L. C Grant, City Treasurer, for $58,000 S}4i electric-light bonds. Denomination.
Date, Nov. 1, 1908. Interest semi-annually at the
$1,000.
office of the City Treasurer.
Maturity, Nov. 1, 1933.
Cambridge, Ohio.— Bond O/ertng.— Proposals will be received until 12 M., November 9, by T. R. Deselm, City Auditor, for $16,000 il4i water- works-extension bonds.
Denomination, $600. Date, Nov. 1, 1903. Interest semi-annually
at the office of the City Treasurer. Maturity, 20 years from
date. Accrued interest to be paid by purchaser.
Canton, Ohio.— Bonds Authorized. The City Council on
September 21 passed an ordinance providing for the issuance
of $2,800 4%l market bonds,
Denomination, $700. Date,
Sept, 1, 1903. Interest semi-annually at the banking house
of Kountze Bros., New York City. Maturity, Sept. 1, 1918.
tanjon City (Texas) Independent School District.—
Bonds Regiitered.—Oii October 13 the State Comptroller
registered $12,000 5^ 10-40 year (optional) school-house bonds,
dated Sept. 1, 1903.
Carbon County (Mont.) School District No. 1.— Bonds
Fofed.— It is stated that this district has voted to issue $2,500
school-house-improvement bonds.
Cascade Coanty, Mont.— Bonds to he Isswed.-The Board
of County Commissioners are taking steps looking to the refunding, by an issue of 4% bonds, of the $60,000
bonds
which will mature Jan. 1, 1904.
Caynga, Ont.— Debenture Sate.— On October 10 the $8,000
Af, debentures, maturing part yearly for twenty years, were
awarded to the Canadian Life Association Co. for $7,651.
Following are the bids
Canadian Life Ass'n Co
$7.«61 Geo. A. Stlmson & Co., Toronto.. $7,503
Wm. C. Brent, Toronto
7,506 H. G'Hara & Co., Toronto
7,413
Cedar Baplds, los^&.— Water Plant Purchased. —The city
on July 1 purchased the plant of the Cedar Rapids Water
Co. and assumed the bonded debt of that company, amounting to $450,000. For details see item under head Cedar Rapids Water Co. in our Investment Department on page 1227
of last week's Chbonicle.
Cellaa, Ohio.— Bond Sate.— On October 20 the three issues
of 6% 1-15-year (serial). street bonds, aggregating $31,000, described in V. 77, p. 852, were awarded to Spitzer & Co., Toledo, at 101 171 and interest. Following are the bids :
Spltier & Co.. Toledo
$21,847 F. L. Fuller * Co., Cleve
$81,000
W. K. Todd*
—
—
H
:
1
|
I
Co.. Cincinnati... 81,166
Champaign Coanty
|
8.
A. Kean, Chicago
21,000
(F. 0. Drbana), Ohio.— Bond Sate.—
On October 20 the $13,000 6% road and the $2,6o0 5i road
bonds descrit)ed in V. 77, p. 989, were awarded to A. F.
Vance Jr., Urbana, at 101'173 and 10058, respectively. Following are the bids
1315
„„
$18,000 Bonds.
$18,162 50
...
.
A.
F VanceJr. Urbana... ........
Danlson. Prior A Co., Cleveland and Boston
P. S. BngRS A Co., Cinolnnall
W. J. Uayei ft Sons, Cleveland
8. A.
l.Mba
$8,600 B'tKi*.
$2,016 26
2 016 00
2'i)0000
lO
13,(00 00
13.0
Kean, Chicago
OOO
000 00
2,00000
it
13,00000
CheTiot, Ohio.— Bond OJTertng,- Proposals will be received
November 31 (time extended from November 15),
by Charles Craig, Village Clerk, at the office of Louis Reemelln, Room 808, Bell Block, Cincinnati, for $7,500 5^ Cincinnati and Harrison turnpike bonds. Authority, Sections 3835,
2838 and 2837, Revised Statutes of Ohio. Denomination,
Date, Oct. 15, 1908.
Interest, annual.
$500.
Maturity,
Oot. 15. 1928. Accrued interest to be paid by purchaser.
Cbllllcothe, Ohio.— Bond Sate.— The $11,000 5% 10 year
sidewalk bonds offered for sale op October 8 have been
awarded to Weil, Roth & Co., Cincinnati, at 106'10.
Cinciunati, Ohio.— Bonds Authoriged, Ordinances have
passed the City Council providing for the issuance of §250,000
street improvement bonds and $250,000 to pay the city's proportion of the cost of sewer construction. Denomination,
$S00.
Date, Nov. 1, 1903. Interest 33^'^, payable semi-annually at the American Exchange National Bank, New York
City. Maturity, Nov. 1, 1923.
Clalborue County (P. 0. Port Gibson), Miss.— Bond Offering,— I'lopoaais will be received until November 2 by C, B.
Dochterman, County Treasurer, for $20,000 5$ bonds. Certified check for $500 required with bids.
Cleveland, Oblo.— Description of Bonds Awarded.—
are advised that the $963,000 i% bonds recently awarded at
par, as stated last week, answer to the following description:
until 13 M.,
—
We
$147,000 4X coupon Are bonds, dated Oct. 1, 1903. Maturity, Oct. 1, 1918.
240,000 49 coupon bridge- repair bonds. dated Oct. 1, 1903. Maturity, Get.
1,
1918.
26,000 i% coupon sewer bonds, dated Get. 1, 1903. Maturity, Oct. 1, 1918.
300,000
coupon water bonds, dated June 1, 1903. Maturity, June 1, 1928,
26,000 i% coupon cemetery bonds, dated Sept. 1, IPCS. Maturity, Sept, 1, 1922.
153,000 4$ coupon itarbage-dlsposaUbonds, dated Sept. 1, lUu3.
Maturity
Seot 1, 1923.
bridge
20,000 4t coupon
bonds, dated Sept. 1, 1903. Maturity Sept. 1, 1924.
50,000 i% coupon park bonds, dated Sept. 1, 1903. Maturity, Sept. 1, 1924.
«
All but $10,000 of the above bonds were taken by Ddnison,
Prior
Co. of Cleveland and Boston. The $10,000 were
taken by the Prudential Trust Co. also of Cleveland.
Colwjn, Pa.— Bond Sate.— On October 1 $5,000 4J^^ 10 30year (optional) sewer and permanent improvement bonds
were awarded, one-half to Henry Book of Colwyn and onebalf to the Sinking Fund Trustees at par. Denomination,
Date, Oct. 1, 1903. Interest, semi-annual.
$500.
Concordia, Kan.— Bonds Voted. This city on October 6,
by a vote of 232 to 48, authorized the Issuance of $5,000 road
bonds.
are advised that
Cnero, Texas,- Bonds Not Yet Sold.
no sale has yet been effected of the $12,000 4^ 5-40-year (optional) building bonds offered but not sold last July.
Carrie, Murray Coanty, Minn.- Bond O^eringf.— Proposals will be received until 8 p. m
November 6, by C. H.
Cooper, Village Recorder, for $2,500 li 1-5-year (serial)
lighting-plant bonds. Denomination, $500. Interest, semiannual. Authority, Chapter 300, Laws of 1893, and election
held Sept. 3, 1903. Certified check for $100, payable to the
Village Treasurer, required.
Dalles City, Wasco County, Ore.—Bond Sate.—The $50,000
water bonds offered but not sold on Sept. 80 were awarded
on Oct. 12 to E, H. Rollins
Sons, Denver, at 100'38 and
interest for 5 per cents. Securities are dated Nov. 1, 1908,
For description of bonds see V. 77, p. 724.
DansTille, N. Y.—Bojtd Election Proposed.— The Board of
Water Commissioners has petitioned tne Village Trustees to
call a special election to vote on the question of issuing $3,600
bonds to pay damages to water rights caused by the diversion of water from the Little Mill Creek for the system of
water works introduced several years ago.
Darke County (P. 0. (Jreenville), Ohio.— Bond Sate.— The
",500 6^ road bonds offered but not awarded on September
24 were sold on October 3 to the Farmers' and the Second
National banks of Greenville at 100'685. For description of
&
—
—We
,
&
bonds see V. 77, p. 853.
Edenton, N. V.—Bond Sale.— Oa October 10 $80,000 5% 80year water and electric-light bonds were awarded to the
First National Bank of Elizabeth City at par and interest.
Denominations, $100, $500 and $1,000. Date, July 1, 1903.
Interest annually on July 1. These bonds were offered but
not sold last July.
Edmoaton, S. SV, T.— Debenture Off'ering.—Proposals will
be received until 12 m., December 23, by Geo. J. Kinnaird,
Secretary -Treasurer, for the following debentures
:
$80,000 i% waterworks debentures. Maturity, 40 years from Jan. 1, 1904.
60,000 i% sewer debentures. Maturity, *0 years f roaa Jan. 1. 1904.
55,000 4% electric-light and power debentures. Maturity, 80 years from Jan.
1,
IHOt.
30.000 4% railroad-bonua debentures.
Maturity, 40 years from Jan.
1,
1904.
Denomination to suit purchaser, Interest annually in Edmonton.
Debenture debt, $69,782 50; local improvement
debt, additional, $17,134 39; fljating debt, additional, $10,000; assessed valuation 1903, $3,308,100.
Escanaba, Mich.—Bond Sate.— On October 19 the $20,000
5% refunding bonds described in V. 77, p 989, were awarded
to the Royal Trust Co. of Chicago at 101*005 and interest.
Flint, Mich.— Bonds Foied.- This city on October 15 authorized the issuance of $262,500 bonds to purchase the plant
of the Flint City Water Co. by a vote of 430 to 254.
Fort Beuton, Mont. Bonds Not Yet Sold— Negotiations
Pending.— '^o sale has yet been made of the $12,500 5<i
refunding bonds offered without success on August 20. We
are advised, however, that negotiations looking to a sale of
these bonds are now pending and may be closed within two
or three weeks. See V. 77, p. 313, for descriptioa of bonds.
THE CHRONICLE.
1316
—
[Vol. Lxxvn.
Galreston, Texas.— Bonrfs to be Isnued. The Grade Raising Board of the oity of Q »Iv«?8ton is askina: proposals until
3 P. M., December 7, for "grade raising" at Gilveston involving over 11,000,000 cubic yards of dlllng. For the payment of this work |2, 000,000 grade-raising bonds will be
One-fourth of this issue I'iOO, 000, known as Series
issued.
"A"— will carry ii interest and will be purchfited by the
varions sinking fuDds of the city. The remaining |1. 500,000
will carry 5< interest, and of this amount 1166,600 will also
be purchased by the city, leaving f;l,333 400, which will
either be sold for cash or else delivered to the grade-raising
contractor in part payment under his contract. The Legislature, it should be stated, has granted the city the State's
proportion of all taxes collected in Galveston County for 15
years, beginning with 1903 (see Chapter 8, Laws of 1903), in
addition to two years' taxes previously granted by Chapter
127, Laws of 1901.
The money so donated constitutes a trust
fund for the purpose of aiding the city in paying the interest
and Blcking fund on the above-described bonds,
Oeorstetimn, S. €.— Bonds Not Yet Sold.— "So disposition
has yet been made of the $75,000 43^<i5 20-40-year (optional)
water and sewer bonds offered but not sold last September.
Greeley, Neb.— Bond« Voted —By a vote of 94 to 6, this
place receitiy authorized the issuance of |10,000 5% 5-20 year
(optional) water bonds. Date of sale not yet determined.
Greenfield, Franklin Coanty, Mass.— Bond Offering,—
Propcsals will t>e received until 12m., October 28, by Wm.
Blake Allen, Town Treasurer, for $37,500 i% high-school-rebnilding bonds. Interest, semi-annual. Maturity. 110 000
on November 1 of the years 1906, 1913 and 1913 and $7,500 on
(date not yet set) to vote on the question of issuing $100,000
water-plant bonds.
Ingham Connty, MIch.-Bond E^Zeciton.— At the November
election (November 8) the question of issuing $36,000 additional court-house bonds will be submitted to a vote of the
people. This same proposition failed to carry at the election
held July 30.
Ithaca (Mich.) School District.— Bonds Defeated.— This
district on October 9 voted against the issuance of $8,000
school house bonds. The vote was 46 for to 88 against.
Johnson City, Tenn.—Bond Bids Rejected -Bonds Sold in
Part.— No stitisfactory bids were received October 15 for the
$38,000 5i paving bonds described in V. 77, p. 858, the only
bids being less than par or subject to a commission, We are
advised that of this issue $5,000 will be sold to local parties
at par and the remainder will, if possible, be disposed of at
Oct. 15, 1915.
tional Bank of Lancaster was the only bidder on October 13
for the $1,218 fi< 5-year Wheeling Street improvement bonds
described in V. 77, p. 789. The bank's bid was $1,226 and
interest.
Lawrenceborg, Ky. Bond Sale.— Oa October 15 the $20,000 Q% water bonds described in V. 77, p. 990, were awarded
to Seasocgood
Mayer, Cincinnati, at 105-29. Following are
—
Greensboro, N. C.—Bonda Fofed.— This city on October 6
voted to issue |100,000 water, $75,000 sewer and |75,000
Interest will be at the rate of 4 J^;?.
Maturity,
street bonds.
Full details and date of sale not yet determined.
fifty years.
Greenville, M.\cb.- Bonds Foted.— This city on September
28 voted to is^ue $16,000 building bonds. As stated previously,
the purpose of this issue Is to erect a building for the Howard City furniture factory. The owners of this factory, it is
reported, have promised to remove their plant to Greenville
provided such a building be erected for their use.
Bonis Not to be Offered Again Scon.—
GreenTille, N.
We are advised that the |65,0OO 5% 30-year Improvement
bonds offered but not sold on August 5 will not be again
offered publicly until money conditions become easier. Mr.
C—
private sale.
Kalamazoo (Mich.) School District No. 1.— Bonds Voted.
—This district on October 19 voted to Issue $70,000 echoolbnilding bonds.
King Cuanty, Wash.- iVb Bond
Election at Present.— An
election was to have been held Oct. 81 to vote on the issuance
of $600,000 court-house bonds, but owing to opposition to
the project, the County Commissioners have rescinded the
call.
C—
KlnstOD, N.
Bonds Not Yet Sold.—^o disposition has
yet been made of the $100,000 4% 30-year improvement bonds
offered but not sold last December. The town officials, we
are advised, will now try and sell these bonds at private sale.
Lancaster, Ohio.— Bond Sale.— The Hocking Valley Na-
&
the bids
Seasonaood & Mayer. Cln
$31,058 OO Royal Tru»t Co., Chicago
$20,850 00
Trowbridge ANlTcr Co.. Chlo. 0.857 00 CinclnDatl Trust Co., Cincin. 20,214 00
Well. Roth A Co.. CIrcIn
20.700 00 iT. Ij. Fuller » Co.. CleTel»nd. 80,000 00
I
;
I
A Co., Clnoinnatl. 20,610 00
Lincoln Connty (VTasb.) School District No. 123.— Bond
Saie.— On October 10 $8,300 30 year bonds were awarded to
the Royal Trust Co., Chicago, at 101 56. Bonds are dated
P. 8.
Briggs
Oct.
|
1, 1903.
Wooten, Chairman Board of Internal Improvements,
Lisbon, Ohio.— Bond Sale.-Oa October 17 the $1,300 6%
will, however, entertain private offers for the bonds at any 1-10-year (serial) Nelson Avenue improvement bonds described in V. 77, p. 853, were awarded to W. J. Binsley at
time.
Bonds Voted.— ThlB place on September 22 voted to sub- 100 923 and interest. Following are the bids
scribe for $15,000 of the second mortgage bonds of the W.J, BlnsIey
....$1,807
$1,312 Firestone Bros., Llsboii
Raleigh & Pamiico Sound Railroad.
This city has sold an issue of
Mass.-BondSaie.—
Lynn,
Hamilton (Ohio) Sib* ol District. Bonds Authorized.
engine house bonds to Blake Bros. <fe Co., Boston,
The School Board has authorized the Issuance of bonds for $9,000
at 101-844. Denominations, one bond of $5,000 and four of
the erection of a school house in the Fourth Ward. The
$1,000 each. Date, Oct. 3, 1903, • Interest semi-annually on
estimated cost of the building is |25 511 23.
April 1 and October 1. Maturity, Oct. 1, 1913.
flartwell, Ga.— Bond« ^ot Yet Sold.—The |15,000 4;^ elecMcComb, Pike Connty, Miss.- BoTid O/fer ing'.— Proposals
tric-light plant bonds which W. T. Johnson, Mayor, has been
will be received until 7 P. M., November 6, by J, Dock Harc ff eric g for sale have not as yet been sold.
These botds
rell. City Clerk, for $10,000 6^ l-lO-year (serial) sidewalk
were described in V. 77, p. 788.
bonds Certified check for $500 required. These bonds were
Havre, Mont.— Bonda Not Soid— No sale has yet been
sold on October 6.
made of the $26,500 water and sewer bonds offered without offered but not
Bond Sale.— On October 17 the $18,000
Ohio.—
Manstleld,
success on August 24. These bonds, we are advised, will be
5^ street and sewer bonds (seven issues) described in V. 77,
re-advertised.
p. 853, were awarded to the Mauhfiald Savings Bank at
Ha-wkesbniy, On\.— Debentures Not Sold.— The $100,000 i% ICO 082. Following are the bids
water and thei $53,000 ii sewer debentures offered on Octo- Mansfield Sayings Bank
$16,000 00
»16,010 00 W. C. Statler, Mansfield
ber 1 were not sold.
F. Xi. Fuller & Co.. Cleveland. 16.000 00
Bond Offering.— J. D. Elliott, Mayor, is
H'ckory, N.
Manry Connty, Tenn.— Bond* to he Issued.— Thia county,
offering for sale |90,OGO o% water and sewer bonds. Denomina- it is stated, will issue $100,000 bonds for a new court house.
tion to suit purchaser. Date, Jan. 1, 1904. Interest May 1
Minneapolis, Minn.— Boncfa Authorized.— Tbe City Counand October 1 at place designated by purchaser. Maturity, cil has authorized tde issuance of $150,000 it armory bonds.
Jan. 1, 1924. The city has no debt at present. Assessed valNevada, Mo.— Bond Election.— Oa November 3 this city
uation for 1903, $1,200,000.
will vote on the question of issuing $90,000 water-works
Hbtchkiw, Cohi.— Disposition of Bonds.— We are advised bonds.
that of the $85,000 6% gold bonds offered but not sold on
Newark (N. Y.) Union Free School and Academy, District
September 1, about $28,< 00 will be taken by O'Brian & No. 8.— Bond O^ering.— Proposals will be received until 10
Rhodes of Denver, who have the contract for the construction A. M., Ostober 31, by J. A. Reed, Secretary Board of Educaof the works, and that the remaining bonds will be taken by tion, for $7,000 4<t bonds maturing $2 000 on December 1 of
tbe parties from whom water rights and reservoir sites have the years 1910, 1911 and 1912 and $1.00<t on Dec. 1, 1913.
been purchased. Denomination of bonds, twenty of $1,000
New Brighton, Pa.— Bond* Not Sold —No bids were reeach and thirty of $500 each. Date, Oct. 20, 1908. Interest ceived October 15 for $8,000 i% gold bonds of this borough.
Beml-annnally at Kountze Bros, of New York City or at the Securities are in denomination of $1,000. Date, Sept. 1, 1903.
Maturity, 15 years, subject to Maturity, $5,C00 Sept 1, 1905, and $3,000 Sept. 1, 1908. John
ofiBce of the Town Treasurer.
call after 10 years.
S. Boots is Borough Treasurer.
Houston, Texas. Bond Sale.— The only bid received OcNei»port News, Ta.— Bond OJTerina.- Proposals will be retober 15 lor the $300,000 5iJ 40-year street-improvement bonds ceived until 12 M., October 26, by W. L. Cooke, City Clerk,
described in V. 77, p. 853, was that of W. R. Todd & Co., for 156,000 i}4% 40-year street- paving bonds. Denomination,
Cincinnati, which firm offered par, accrued interest amount- $1,000. Interest semi-annually at the Bank of New York,
ing to $635 and a premium of $8,100.
N. B. A., in New York City. Certified check for 5% of the
No Btda.— No bids were received October 15 for the $100,- par value of the bonds bid for, payable unconditionally to
000 5% 40- year building bonds described in V. 77, p. 990 the City Treasurer, required.
and 52^. Tbis ia the second time within tbe month that
Newport (Ky.) School Dibtrict— Bond SaJe.—The highest
these bonds have been offered without success.
bid received October 19 for the $50,000 4« 20-year bonds was
HaDtingdOD,TeBD.— Bond Section —The Board of Alder- that of the Provident Savings Bank & Trust Co., Cincinnati,
men has decided to bold an election October 24 to vote on at 100-05.
the question of istuing $6 000 bonds.
Norfolk Connty, Mass.— Bond Sate.— On October 20 the
bids
received
Oot.
15
Rejected.—
AM
Bids
HantSTllle, Ala.—
$100,000 i% building bonds described in V. 77, p. 1253, were
for the $40,(00 6* 15-30 year (optional) gold funding bonds awarded to Jackson & Curtis at 101'48. Following are the
described in V. 77, p. 660, were rejected. Bonds will be re- bids:
J.
L.
:
|
—
H
:
I
|
C—
advertised for sale at a later date.
Independeuce, Kan.— Wond Biection Proposed.—Thin city,
we are advised, expects to hold an election in the fnture
Jackson 4 Cnrtls
Hsiabrook 4 Co., Boston
Merrill,
101-43
10116
Oldham 4Co..Bo8ton..lOl-18»
Blodget,
Memtt 4
Co., Boston. lOO-eSfl
I
I
I
I
Blake Bros. 4 Co., Boston
Parkinson 4 Burr. Boston
R. L. Day 4 Co.. Boston
8. A. Kean, CbtosiLO
}°Z^^
J"X.i5o
lOO 06
iSS.'/S
————
:
Oct.
—
—
THE CHRONICLE.
24, 1903.]
1317
Norman County (P. 0. Ada), Minn.— Bond O/erin^;.— Proposals will be received until 2 p. m., November 10, by the
Board of County Commissioners, at the ofiBce of E, J. Herringer, County Auditor, for the following bonds
call
$20.8U 81 2-10-year (serial Judicial Ditch No. 8 bonds. Denominations, elgbt
of $2,860 and one tor H.M* 81.
.
.
„
9,169 00 2-10-year (serial! Heiir Park-Onrden Dltoh No. 8 bonds. Denominations. elBht of t*iiO an<t one for 15^6.
Douomlaa3,00© 81 8-l0-»ear(i>erlan Bear rark-3iiiu1ul Ditch No. bonds
tlons. e'liht of tmo aiul one for |ati» rtl.
Denominations,
eight of
No.
bonds.
Ditch
6
8,880 00 2-10 year (sf rial) Lee
9aOo and one for titV).
8,040 S4 8-iO-year (serial) Shely Ditch No. 8 bonds. Denom'.nstlous, elifht of
»1.00i> and ouo for Uttri W.
Dite of bonds, Dr-c. 1, 1903. laterest (not to exceed 6,<)
high-school-equipment bonds.
Santa Barbara, Cal,— Bond Saie.— The $50,000 i}4i 1-40year (serial) gold boulevard bonds offered but not sold on
:
payable annually. Bids for each issue must be accompanied
certified check on some national or S:ate bank for 5i of
par value of bonds, payable to County Treasurer. Purchasers required to furnish blank bonds free of charge and to
pav accrued interest.
Norwood. Carter County, Minn. Bond Sale.—Oa October
19 the $4,000 6^ lighting-plant bonds described in V. 77, p.
by a
were awarded to the Bank of Norwood at par.
Oalidale, Neh.-Bonda Not Sold.— The |7,000 6^ water
bonds offered on October 3 were not sold. Danominatlon,
Date, Sept. 1. 1908. laterest annually on Sept. 1.
$1,000.
Maturity, 20 years, subject to call after 5 years.
Bond Sale— On October 12 the $12,000
Odessa,
10-20 year (optional) water bonds were awarded to the Board
of State Land Commissioners at par. Denomination, $500.
Date, Oct. 1, 1903. laterest, 6^, payable Jan. 1 and July 1.
are advised
Orang^e, N. J.— Bonds Not a Tet Sold
assessment and the $55,000 ii tax-arrearthat the $20,000
age bonds offered but not sold on Jane 22 have not as yet
been placed.
Palatka, Fl».— Bonis Not Yet SoW.— This city has not yet
succeeded in selling the $175,000 i% water, sewer, paving and
refunding bonds which were offered but not sold last August.
Paris, Texas.— Bond« Registered. — O a October 18 an issue
of $76,000 6% 20-60-year (optional) water-works bonds, dated
Sept. 10, 1908, was registered by the State Camptroller.
Parker County, Texas.— Bonda Defeated.— The election
held September 19 resulted against the issuance of $20,000
jail bonds.
Pauls Yalley, Ind. Ter.— Bonds Not Yet Sold,—
are
advised that the $18,000 5;^ water bonds offered but not sold
on September 1 have not yet been placed. The town is trying to dispose of these bonds at private sale.
853,
Wash—
—We
>
H
We
—Bond Offering.—
October 30, by John
Brodbeck, Town Clerk, for $61,000 refunding railroad bonds
at not exceeding it interest.
Denomination, $1,000. Interest
semi-annually at place to suit purchaser. Maturity, 20 years,
Peoria Township, Peoria County,
Proposals will be received uatil 3
111
p. M.,
subject to call after 10 years.
Philadelphia, Pa. Temporary Loan.— Thia city on Goto
ber 22, under the authority granted by the City Councils on
October 15, borrowed $450,0J0 temporarily from the Sinking
Fond Commissioners. The remaining $200,000 authorized
will probably be borrowed from local banks.
Prospect Park, Pa. Bond Election.—Acoording to Philadelphia papers, the Council of this borough has decided to
submit the question of issuing §10,000 grade-crossing bonds
to the voters at the November election.
Randolph School District, Orange County, Cal.— Bonds
Defeated.— ThiB district recently voted against the issuance
of $8,000 school-building bonds.
Bochester, N. Y,— Temporary Loan. This city on Oatober
16 sold $706,010 city notes as folio j?s $100,000 to the Monroe
County Savings Bank of Rochester, $U)6,000 to the Rochester Savings Bank and $500,000 to C. S. Lunt
Co. of RochesThe following bids were received
ter.
—
:
&
:
CS.
LTuat
ester
ft
Co..Roch-
I
»521,000®4-75%
Kocheater SaT. B»nk.. 150,000@4-47H5{
Itonrj* Co. SaT.Bank. 105,000® i-47)<%
|
i
I
Spader 4 Perkins
F. B. Jennison
E. D. shenard & Co
Security Trust Co
»20,fi00@4-76!t
706,0OO@5-45J
706,0u0,<*6-6ZH)C
20U,000@5-6iit
an election to vote on the question of issuing $33,000
bonds.
San Pedro School District, L03 Angeles County, Cai.—
Bonds T^ofed.— This district on October 7 voted to issue $8,000
September 17 were awarded on O itober 15 to the AdamsPhillips Co.. Los Angeles, at 10003. For description of
bonds, see V. 77, p. 661.
Seward, Neb.— Bond 0/«rinf)r.— Proposals will be received
until 12 M., October 30, by R. T. Hulshlzer, City Clerk, for
Denomination, $100. Date,
$7,000 i% electric-light bonds.
Sept. 1, 1908. Interest annually in New York City. Maturity, Sept. 1, 1918, subject to call after Sept. 1, 1908.
Certified check for $300 on either of ths banks ia Seward required.
Shelby, Ohio.—Bond* Authorized.—The Village Council
on October 9 passed an ordinance providing for the issuance
of $8,000 Q% 4-month8 certificates of indebtedness dated Oct.
19, 1903.
Shippensbarg (Pa.) School District.- Bond Sale.— On
October^ $13,600 ii school bonds were .awarded at public
sale to home parties in lots of $500 each at an average premium of $4 10. Bonds are dated Oct. 1, 1908, and are subject to call after five years.
Somerrllle, Mass.- Bond Sate.— This city sold recently to
N. W. Harris & Co., New York, an issue of $40,000 if 1-20year (serial) building bonds at 103 077. Ddnomination, $1,000.
Interest, semiannual.
1, 1903.
Sontfiampton, N. Y.— Bonds Defeated,— By a vote of 219
for to 618 against, this town on Oit. 8 defeated a proposition
Dite, Oot.
to issue $250,000 Ai road- improvement bonds.
South Bend, Ind.— Bond Sale.—Oa October 20 $35,000 Z}^%
general-purpose bonds were awarded to the St. Joseph County
Savings Bank of South Band for $32,665 75. Danomination,
Date, Nov. 1, 1903. Interest, semi-annually. Ma$1,000.
turity,
Nov.
1,
1918.
Spi>kane County (Wash.) School District No. 81.— Bonda
Defeated.— This district on October 10 voted against the
issuance of $400,000 building bonds.
Stoney Creek Township, Madison County, Ind.— Bond
Election Proposed.— Taxpayers of this township have filed a
petition with the County Commissioners asking that an election be called to vote a subsidy of $12,000 to the Fort Wayne
& Indianapolis Railway.
Stratford (Texas) Independent School District.- Bond
O^c/ing.— Proposals will be received at any time by W. B.
Slaughter, Treasurer Board of Trastees, for $5,000 i% 10-20year (optional) school-building bonds. Dinomination, $1,000.
bite, June 25, 1903. laterest annually on Jane 25 in Austin
or in Stratford. Bonded debt, $5,000. Assessed valuation,
$300,049.
—
A loan of
has been authorized.
Trenton School District No. 1 (P. 0. Barnereld), N. T.—
Bond Sale.-Oa October 20 the $6,000 i% 1-20-year (serial)
school bonds described in V. 77, p. 1253, were awarded to the
Ctica Savings Bank at par and interest.
Troy, N. Y.—Bond Sale.— On October 22 the $54,400 i% public-improvement bonds described in V. 77, p. 1268, were
awarded to the Troy Savings Bank at 102*59 and interest.
Following are the bids
108-18
102-59
N. W. Harris ft Co., N. T
Troy Saving* Bank
102-34
O'Connor ft Kahler. New York.l0a-J3
R. L. Day A Co.. Boston
101-846
loa-28;
Blake
Bros.
New
York...
&
Co.,
Rhoades A Richmond, N. Y
10r5«
10226
N. W. Halsey ft Co., N. Y
Jackson & CurtU, Boston
Troy (Ohio) School District.— Bo«d« to bs Issued. We
are advised that this district will issue bonds for a Jnew
school building within the next few months. The district
has no debt at present, all outstanding bonds having been reSnlliran County, N. ?H.
$20,000 for a jail building
and
Loan Authorized.
site
:
I
|
I
1
—
tired.
Bonds Authorized.— The City Council
Tuckahoe, N. Y.—Bona Offering,— FroposaAa will be
has authorized the issuance ^of $5,000, funding and $4,000 ceived until 8 p. M. October 28, by the Village Board,
Bock
Falls, III.
,
electric-light-plant bonds.
BoBCommon, Mich.
Bond Sale.— Th\B
place has sold a
electric-light bond to the Detroit Savings Bank at
$4,000
par. Date, Sept. 1, 1903, Interest, annual. Maturity, Sept.
H
1, 1918.
—We
are advised that
St. Cloud, Minn.— Bond* Not Sold.
the |60,0C0 4^f water bonds offered without success last
July have not yet been sold.
St. Francois County, Mo.— Bond Election.— At the election
Nov. 3 the question of issuing $200,000
road bonds will be
submitted to the voters of this county. It authorized, securi-
H
ties will mature f 50,000 in five, $50,000 in ten, $50,000 in fifteen ani $50,000 in twenty years after date of issue.
Following are the bids reSt. Paul, Minn.— Bond Bids.
ceived October 15 for the $200,000 i% bonds described in V.
77, p. 790
N. W. HaUey ft Co., N. T, .$209,325 00 E. H. Rollins ft Sons, Boat.,
Farson, Leach A Co., Chic. 206,102 00
and Rhoades ft Richmond
O'Connor* Kabler.N.Y ..204,20000
$203,620 00
NewYr«
K L. Day & d. and EstaHarvey Fisk & Sons, N. Y... 202.5)0 00
brnokiCo., Boston
204,140 00 Season Kooa & Mayor, Cln... 202,.586 00
N. W. Hants ft Co„ Chicago. 203,681 Oo Frank Sohlleck (tor 12,500)
2,537 60
As stated last week, the bonds were awarded to N, W.
Ealsey & Co. of New York City.
San Marcos, Texas.- Bond* Registered —The State Comptroller on Ojtober 12 registered an issue of $4 500 i% 10-40year (optional) school- house bonds dated Oct. 10, 1903; also
$3,000 i% 10-40- year (optional) street and alley bonds bearing
—
.
.
refor
$4,200 street-improvement bonds at not exceeding 5^ interest.
Denomination. $600. Date, Nov. 1, 1903. laterest semi-annually at the First National Bank of Mount Vernon. Maturity, $600 yearly on Nov. 1 from 1907 to 1913, inclusive.
Certified check for $'300 required. The village has no indebtedness at present. James E Lattimer is Village Clerk.
Tf?o Harbors, Minn —Bonis Retused.-It is stated that
Rudolph Kieybolte
Co. have refused to take the $15,000 5%
funding bonds awarded to them on September 22.
&
Upper Saudusky, Ohio.— Bonds ^umoriaed— The Council
has authorized the issuance of $60,000 street improvement
bonds.
Tenlce, III.— Bond O/crinsr.- Proposals will be received
until November 6 by J. W. Scott, Mayor, and the City CounDecil, for :$2O,O0O 5^ 20-year street-improvement bonds.
nomination, $500. Interes!;, semi-annual. These are the first
bonds issued by the city.
Termilion, Ohio.— 6ond Sale.—Oa 0.5tober:i9 the $35,000
5% water bonds described in V. 77, p. 854, were awarded to
Spitzer & Co., Toledo, at,103*20 and interest. Following are
the bids considered
:
$36,120 00 Denlson, Prior ftCc, CaeyeToledo
$3a,742 60
land ft Boaton........
Newlst Vat. B'k, Colambus. 35,875 00
86,638 25 t.amprecm Bros. Co., Clere.. 30,70350
N.W.Harris
T».xiair.B«.v.o.,v
Chicago..
iv»«u
Co.,
ft
1.
4Tr.Co..8and'y
35,525 00
Citizens' Bkg.
Spltier
ft
Co.,
I
|
l
|
Walnut Grove, Minn.— Bonds Not Sold.— Tae $10,000 514%
improvement bonds, the sale of which was advertised to take
same date.
place on October 15, were not awarded, for the reason that
San Mateo School District, Cal.— Bond Election,— The the bonds did not receive the necessary maj )rity at the elecBoard of Trustees of the Union High School has decided to tion held to authorize the issue.
THE CHRONICLE.
!318
Wspakoneta, Ohio.— Sond Sale.— On October
1
built.
Williamsport (Pa.) School District.— Band Offering.—
Proposals will be received until 2 p. m., October 29, by Willard M. Dietrick, District Treasurer, for |36,C00 'S}4% bonds.
Date, Dec. 1, 19fl8. Interest, semiDenomination, |500.
annual. Maturity, Dec. 1, 1913. Certified check for $10 per
bond for each bend bid for required. Blank proposals may
be obtained from the Secretary.
Windsor, 0Lt.—Dtb(nturg3 Proposed.— The issuance of
$15,000 if city-hall debentures is being considered. The
proposition will probably be submitted to a vote of the people
in January.
Ttklma Ccunty (Wash.) School District No. 71.— Bend
OjffrtTjflf.— Proposals will be received until 11 a. m., Nov. 7,
by E. G. Pe' k. County Treasurer, for $1,200 10-20-year (op
Interest must net exceed 10;^.
tiocal) bonds.
York town, Texas.- Bonds Registered.— The State Comptroller has registered the following bonds :
•8.600 it fi 40-7ear (optional) bridge bonds, dated Oct. 1, 1903.
Oct. 7.
7,600 it 6-40- rear (optional) water- works bonds, dated Oct.
tered on Oct. a.
Registered on
1.
TouDgstown, Ohio.— Bond
the five
sewer bonds aggregating $11,800, described in
V. 77, p. 4tJ7, were awarded to the Home Banking Co. of St.
Marys at 101 •779 and intereet. Bids were aleo received from
the People's National Back and the First National Bank of
Wapakoneta.
Warren, 111.— iVo Ponds Sold.— Some of the papers have
reported that this village would sell on October 14 #9.000 6%
bonds. In reply to our inquiries we are advised by the
Mayor that no such bonds are to be issued. The village will
have for sale November 1, however, eight bonds of $500 each,
carrying 5)t interest and maturing one bond yearly beginning Nov. 1, 1807. R. C. Cnllen is Mayor.
Wellston (Ohio) School Di strict.— ^onds Not Yet Sold.—
We are advised that no sale has yet been made of the
$17,0C0 echool bonds offered without success on August 17.
It is probable, cur informant adds, that the bonds will not
be re offered uttil next spring.
Wichita, Kan.— Bonda Foted.— This city on Oct. 9 voted
to issue $30,0! 4^4% bends in aid of the Interurban Railway
Ccmpany. These bonds will cot be issued until the road Is
issues of 5%
[Vol. lxxvii.
Bonds are dated Nov. 2, 1908. Interest will be payable
semi-annually at the office of the City Treasurer.
Purchasers must be prepared to take the bonds not later than
Nov. 2, the money to be delivered at one of the city; banks
or at the office of the City Treasurer. A certified 'check
for 2^ of the amount of bonds bid for must accompany proposals, which must be made for each block separately.
Bond Sale.— The following bide were received on Oct. 19
for the five issues of 5% bonds described in V. 77, p. 993
$21,500
.
•
and
Railroads
Bonds were awarded as indicated by an
171
Phlladelpbla,
Perry, Coffin
DXALKRS IN
MUNICIPAL, RAILROAD and
&
STREET RAILWAY
121
$10,000 DULUTH, MINN.,
5% TTATBR & lilGHT GOLD BONDS,
Due July
Deposits.
FARSON, LEAOH &
00..
B. POl^ELI. dc CO.
W««d«t«eb, Termont.
T. B. POTTER,
MUNICIPAL and DnKinc
D^'^l-'^i
New York.
INTESTMSNT BROKERS,
HiBSBai gra.de railroad
BONDS.
CORPORATION
-
•
II.L.ft.
-
MEW
BOSTON
YORK..
STOCK CERTIFICATES-\}>A\U^
Seal Pre^es Jl 60
PHIIiADELPHIA.
DENISON, PRIOR & CO
CLEVELAND.
BOSTON.
Kansas Municipal Bonds
Beasht and 8oId.
D. H.
MARTIN, Topeka, Kan.
Oo.,
laree assortment of borders, tints and vIcnetteB.
ALBERT
B. KIKO & CO.,
Eneravers and LithOKrapbers,
171
La Salle
195 Wliliam
St.,
N. Y.
CORPORATION
SECURE BANK VAULTS.
BONDS.
INVESTMENT BONDS.
LIST.
with lock and key $3 50.
Telephone Connection.)
MUNICIPAL AND
SEND FOR
&
;
O/iyun C— Engraved wnd Lithoeraphed, or partly
oviiwuM
LithoRraphed and partly type printed.
LIHT OM APPLICATIOM.
MacDonald, McOoy
PHELPS,
29 Wall Street
A
•HICAeu.
A
VICKER8
CHICAGO,
1928.
full particulars.
HAKRT
172 Wa8liiE«t»ii Street,
Public Securities,
1,
Write for price and
BOSTON.
Time
CO.»
BANKERS,
Devonshire Street,
BOSTON.
NASSAU STREET, NEW YORK.
Interest Paid on Daily and
STANWOOD &
E. C.
60 State Street,
BONDS.
street,
MUNICIPAL BONDS.
Burr,
INVESTMENT BONDS
la salle
CHICAGO.
BANKERS.
Rudolph K ley bolte& Co.
1
Municipal Bonds,
MASON, LEWIS & CO.
Chicago.
asterisk.
FULTON & CO.,
R.
F.
Corporatlont,
Write for Circular.
BANKERS,
$1,600
INVESTMENTS.
E.H.ROLLINS & SONS,
San Francisco. Boston.
$2,600
.
Suitable for SavlnRs Banks. Bstates, Trust
Fnnds and conservative private investors.
Chicago.
$14,000
-
BONDS.
DeHTer.
$34,000
Oen. Fund Fire Fund Police F'd Street
Water
Bonds.
Bonds
Donds.
Bonds. Bonds,
Seasoneood & Mayer, tin.. .*$28,021 00 *$26,«87 00 $14,193 00 $2,686 00 $1,621 00
Denlson, Prior & Co., Cleveland and Boston
22,912 55
26,576 80 »14,647 40 *2,644 25 •1,.^28 6ft
Parkinson * Burr. Boston .. 23,016 76 25,692 00 14,457 80 2 560 60 J, 500 30
v!5,fi>-0 00
Farson, Leach & Co., Chicago. 8:-',006 00
_
Spitzer * Co.,
Toledo
22,809 00
25,320 00 14,420 00
N. W. Harris A Co., Chicago. 22.N01 00
25,451 00 14,494 00
Z2.7flO 00
W. J. Hayes it Sons. Cieve.
25 440 00 14,4^6 00
F. L. Fuller A Co.. Cleveland. 22.6^2 60
25,320 00
Well. Roth & Co., Cincmnati. 22.635 00
26,080 00 14,356 00
Feder, Ilolzman & Co., Cin... 22,470 00
25,100 00
I.amprecht Bros. Co.. Cleve... 22.166 00
24.740 00 14,248 60 2,600 00 1.500 00
New First Nat. B'k. Columbus 21,983 76 24,540 00 14 196 00 2,626 00 1,616 00
Mahoning Nat. B'k, Voungs
8,510 CO 1,607 00
OF
BOSTON.
re-
900 6» Woodland Avenue grading detlcit bonds. Maturity, one bond $300
yearly on Oct. l from H'Ol to 1906, inclusive.
360 6% Ridge Avenue gradlrg deficit bonds. Maturity, one bond $176 on
Oct. 1 In 1904 and in 1905.
INVESTMENT BONDS
OorporatioL
be
Davies, City
:
IHaiiiclpalitles,
Service
I.
Regis-
1903.
AMD
Public
Wm.
$6,850 6$ Broadway paving bonds of 11.370 each. Maturity, $1,370 yearly on
Oc». 1 from I9ti6 to 1909, Inclusive.
3,000 6$ Broadway sewer bonds of <6i eacb. Maturity. 1600 yearly on Oct. 1
from 190ft to 1W9. inclusive.
3,300 6^ Krancls Street pavlii« bonds of $°60 each. Maturity, |6«0 yearly ou
Oct. 1 from 1905 to 19 », lacluslve.
2,S50 6% Forest Avenue sewer bonds.
Denomination, 1470. Maturity, one
bond yearly on Oct. 1 irom 1»06 to 1909, inclusive.
1.3C0 S^ Murdoct Street sewer bonds. Maturity, one bond of $260 yearly on
Oct. 1 from 1906 to 19t9, inclusive.
1,000 5% Wiseman Street sewer bonds of $200 each. Maturity, on© bond
yearly on Oct. l from 19t'5 to 1909, inclusive.
1,7£0 6% McKlniiie Street sewer bonds. Maturity, one bond $316 yearly on
Oct. 1 from 1M06 to ItiOn. Inclusive.
8.150 6% Crescent. Street sidewalk bonds. Maturity, one bond $480 yearly on
Oct. 1 from 1905 to 19 9, Inclusive.
JOO 5* Custer Avenue pavinii bond, maturing Oct. 1, 1906.
£35 6% Franklin Avenue sewer deficit bonds. Matority, one bond $107
yearly on Oct. l irom 1904 to 19i 8. inclusive.
INVESTMENTS.
INVESTMENTS.
MUNICIPAL
Q/Terinf^. —Proposals will
ceived until 2 p. M., Oct. 26, 1903, by
Auditor, for the following bonds
Street, Chicago.
Blodget, Merritt
&
Co.,
BANKERS
16 Con<yre88 Street, Boston.
30 MAB8AC 8TRKET, MEW YORK.
STATE. CITT k RAILROAD BONDS.
GENUINE
WELDED CHROME STEEL AND IRON
aoTLnd asd
V\a,\.
isaft
and 6-Ply Plates and Aiigl*
FOR 8AFB8, VAULTS,
Cannot be Sawed, Cot or
Drilled,
Ao.
and poiiUTtly
Barelar Proof.
OHROME
STEEL.
WORKS.
Kant AtOm Heap and Hooper
Bale Man'f'en In the U. 8
Stt.,
BROOKL.YM,
M. T.
@FedFRASER